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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 05051071 (England and Wales) REGISTERED CHARITY NUMBER: 1102855

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR TABOR CENTRE

Baker Chapman & Bussey Chartered Accountants

3 North Hill Colchester Essex CO1 1DZ

TABOR CENTRE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 12
Detailed Statement of Financial Activities 13 to 14

TABOR CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity is a day centre for adults with physical disabilities. providing support, care and activities which assist with independent living. lt operates in the Braintree District and is available to members five days a week throughout the year. The Charity, aims to assist and enable its members by:-

Public benefit

The Tabor Centre provides a diverse comprehensive support service for those vulnerable residents in the local community and their family members who are often 24 hour carers. It's ethos centres around supporting adults and older people whatever their disability to live independently and with dignity.

STRATEGIC REPORT

Achievement and performance

Charitable activities

The Covid-19 pandemic has had a major impact on the Centre in many ways: its members, its activities, its finances. The various lockdowns have reduced physical attendance to just a few members per day at most and contact has been via phone calls, home visits where applicable and virtual contact via Zoom. No classroom activities were possible due firstly to the lack of members to attend but also the withdrawal of those who lead the sessions. This includes the popular Boccia and wheelchair dance afternoons and the Cooking Club.

The two replacement minibuses have had some use for conveying those for whom the Centre has been a vital lifeline during the Covid crisis.

In the midst of the pandemic, the Centre's long serving manager, Anthea Cooper, took her well deserved retirement and was replaced by Susan Law who comes to the Centre with much experience in the care industry. We acknowledge Anthea's success in developing the Centre during her 23 years as manager.

Unfortunately, a number of members have passed away during the last year and there have been no new referrals. A number of members have also indicated they will not be returning after the pandemic ends.

Financial review

Financial position

The financial outcome for the year has reflected the overall impact of Covid-19. The year-end financial accounts show a deficit of £76,800. Last year the board, in anticipation of a loss due to the Covid-19 restrictions set aside £25,000 which has been fully spent.

Unrestricted Funds

Income of £140,109 was mainly sourced by members' attendance payments and Essex County Council (we are grateful for their continued support during this difficult period).

Charitable expenditure was £216,909.

Restricted Funds

The charity received restricted funds of £67,884, and spent £41,390, adding £26,494 to the restricted funds at the year-end as detailed in note 14. Much of these funds were grants to assist with the additional costs brought about by Covid-19.

Page 1

TABOR CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRATEGIC REPORT Financial review

Investment policy and objectives

The trustees have continued to adopt a cautious approach and most funds not immediately required are placed on deposit account with access available if needed. However, a proportion of the funds have been placed on a fixed deposit to take advantage of the higher interest rates available to charities although the rates available from any deposit are now negligible

Reserves policy

Other than members contributions, funding for the Charity arises principally from one-off donations with little income committed beyond the current year. In view of the short term nature of the funding and uncertainty arising from economic pressures on even long term supporters. the trustees feel it is important to ensure stability' of the Charity in the near to medium term. For this purpose it was resolved to establish and hold reserves equivalent to at least one year's anticipated expenditure.

The reserves set aside last year have both been written back - the Covid-19 reserve has been more than fully exhausted and the development of the building has been put on hold in view of financial restraints. The current free reserve of £189,186 does not fulfil the Trustees objective and the target is to re-establish this level of reserves over the next few years.

Financial and risk management objectives and policies

The trustees review the risks to which the Charity may be exposed in particular those relating to the operations and funding of the Centre, and are satisfied that systems are in place to mitigate exposure to the major risks

. The major financial risk exemplified by Covid-19 is that of continued funding to cover the annual expenditure. The trustees recognise this will always be a risk with many organisations chasing limited funds and policy of retaining reserves to cover one years anticipated expenditure has proved a sound one.

Covid-19 clearly is an ongoing risk and will continue to impact the Centre's financial position into 2021/22 and beyond.

Future plans

The Centre is keen to continue to attract new members so that the facilities offered are used to capacity. The exercise cycles continue to benefit those who have been able to return to the Centre and use them. This is also true of the balancing/standing frame. Additional funding for the physiotherapist has ensured that her services will continue to be available for one day a week.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

05051071 (England and Wales)

Registered Charity number

1102855

Registered office

Weavers Park Courtauld Road Braintree Essex CM7 9BT

Trustees

D F Mann G D Green P H Whitehead Ms J E Holmes

Company Secretary

P H Whitehead

Page 2

TABOR CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Baker Chapman & Bussey Chartered Accountants 3 North Hill Colchester Essex CO1 1DZ

Solicitors

Holmes and Hills Bocking End Braintree Essex CM7 9AJ

Investment Managers

CCLA Investment Management Ltd Senator House 85 Queen Victoria London EC4V 4ET

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 28 September 2021 and signed on the board's behalf by:

D F Mann - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TABOR CENTRE

Independent examiner's report to the trustees of Tabor Centre ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Andrew Taylor Institute of Chartered Accounts in England and Wales Baker Chapman & Bussey Chartered Accountants 3 North Hill Colchester Essex CO1 1DZ

4 October 2021

Page 4

TABOR CENTRE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

2021
Unrestricted
Restricted
Total
funds
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and grants
15,127
67,884
83,011
Charitable activities
Day Care Centre
123,799
-
123,799
Other trading activities
2
782
-
782
Investment income
3
401
-
401
Total
140,109
67,884
207,993
EXPENDITURE ON
Raising funds
618
-
618
Charitable activities
Day Care Centre
216,291
41,390
257,681
Total
216,909
41,390
258,299
NET INCOME/(EXPENDITURE)
(76,800)
26,494
(50,306)
Transfers between funds
11
(1,571)
1,570
(1)
Net movement in funds
(78,371)
28,064
(50,307)
RECONCILIATION OF FUNDS
Total funds brought forward
267,557
277,406
544,963
TOTAL FUNDS CARRIED FORWARD
189,186
305,470
494,656		 2020
Total
funds
£
40,632
215,695
2,072
1,307
259,706
714
248,513
249,227
10,479
-
10,479
534,484
544,963

The notes form part of these financial statements

Page 5

TABOR CENTRE

BALANCE SHEET 31 MARCH 2021

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
8
17,690
264,631
CURRENT ASSETS
Debtors
9
16,607
-
Cash at bank and in hand
164,663
40,839
181,270
40,839
CREDITORS
Amounts falling due within one year
10
(9,774)
-
NET CURRENT ASSETS
171,496
40,839
TOTAL ASSETS LESS CURRENT LIABILITIES
189,186
305,470
NET ASSETS
189,186
305,470
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2021
Total
funds
£
282,321
16,607
205,502
222,109
(9,774)
212,335
494,656
494,656
189,186
305,470
494,656		 2020
Total
funds
£
330,211
15,985
270,887
286,872
(72,120)
214,752
544,963
544,963
267,557
277,406
544,963

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 28 September 2021 and were signed on its behalf by:

D F Mann - Trustee

G D Green - Trustee

The notes form part of these financial statements

Page 6

TABOR CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Public benefit entity

The charity meets the definition of a public benefit entity under FRS102 as its primary purpose is for social benefit.

Income

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

No amounts are included in the financial statements for services donated by volunteers.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Tangible fixed assets are initially recognised at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows:

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 7

TABOR CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
2021 2020
£ £
Fund raising activities 782 2,072
INVESTMENT INCOME
2021 2020
£ £
Deposit account interest 401 1,307

3. INVESTMENT INCOME

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 47,707 28,078
Surplus/(deficit) on disposal of fixed assets (247) 1,963
Independent examiner's fees 1,500 1,818

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

7.

Carers
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and grants
7,292
Charitable activities
Day Care Centre
215,695
Other trading activities
2,072
Investment income
1,253
Total
226,312
EXPENDITURE ON
Raising funds
714		 2021
12
Restricted
funds
£
33,340
-
-
54
33,394
-		 2020
12
Total
funds
£
40,632
215,695
2,072
1,307
259,706
714

Page 8

TABOR CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£
Charitable activities
Day Care Centre
218,749
Total
219,463
NET INCOME
6,849
RECONCILIATION OF FUNDS
Total funds brought forward
260,708
TOTAL FUNDS CARRIED FORWARD
267,557
8.
TANGIBLE FIXED ASSETS
Fixtures
Short
and
Motor
leasehold
fittings
vehicles
£
£
£
COST
At 1 April 2020
424,027
47,169
169,989
Additions
-
-
-
Disposals
-
-
(42,491)
At 31 March 2021
424,027
47,169
127,498
DEPRECIATION
At 1 April 2020
238,355
26,413
46,206
Charge for year
15,054
2,771
29,882
Eliminated on disposal
-
-
(38,238)
At 31 March 2021
253,409
29,184
37,850
NET BOOK VALUE
At 31 March 2021
170,618
17,985
89,648
At 31 March 2020
185,672
20,756
123,783
Restricted
funds
£
29,764
29,764
3,630
273,776
277,406
Physio
equipment
£
-
4,070
-
4,070
-
-
-
-
4,070
-		 Total
funds
£
248,513
249,227
10,479
534,484
544,963
Totals
£
641,185
4,070
(42,491)
602,764
310,974
47,707
(38,238)
320,443
282,321
330,211		 Total
funds
£
248,513
249,227
10,479
534,484
544,963

Leasehold premises costs relate to the premises at Weaver's Park, Braintree. The cost of the premises were funded by a grant from the Big Lottery Fund, and cannot be sold without the permission of the Fund.

Page 9

TABOR CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayments and accrued income
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
11.
MOVEMENT IN FUNDS
At 1.4.20
£
Unrestricted funds
General fund
222,557
Building fund
25,000
Covid 19 fund
20,000
267,557
Restricted funds
Other
37,176
Big Lottery
184,050
Big Lottery - Minibus
1,192
Minibus
54,931
Mid Essex PCT
57
Physio equipment
-
277,406
TOTAL FUNDS
544,963
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Other
Big Lottery
Minibus
Physio equipment
TOTAL FUNDS		 Net
movement
in funds
£
(76,800)
-
-
(76,800)
32,243
(15,054)
-
3,495
-
5,810
26,494
(50,306)
Incoming
resources
£
140,109
52,073
-
10,001
5,810
67,884
207,993		 2021
2020
£
£
16,607
15,985
2021
2020
£
£
-
63,749
1,412
-
1,795
1,454
6,567
6,917
9,774
72,120
Transfers
between
At
funds
31.3.21
£
£
43,429
189,186
(25,000)
-
(20,000)
-
(1,571)
189,186
(15,452)
53,967
1,622
170,618
(1,192)
-
16,592
75,018
-
57
-
5,810
1,570
305,470
(1)
494,656
Resources
Movement
expended
in funds
£
£
(216,909)
(76,800)
(19,830)
32,243
(15,054)
(15,054)
(6,506)
3,495
-
5,810
(41,390)
26,494
(258,299)
(50,306)

Page 10

TABOR CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Minibus fund
Building fund
Covid 19 fund
Restricted funds
Other
Big Lottery
Big Lottery - Minibus
Minibus
Mid Essex PCT
TOTAL FUNDS		 At 1.4.19
£
230,708
30,000
-
-
260,708
41,143
199,104
1,589
31,883
57
273,776
534,484		 Net
movement
in funds
£
6,849
-
-
-
6,849
(3,967)
(15,054)
(397)
23,048
-
3,630
10,479		 Transfers
between
funds
£
(15,000)
(30,000)
20,000
25,000
-
-
-
-
-
-
-
-		 At
31.3.20
£
222,557
-
20,000
25,000
267,557
37,176
184,050
1,192
54,931
57
277,406
544,963

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 226,312 (219,463) 6,849
Restricted funds
Other 2,772 (6,739) (3,967)
Big Lottery - (15,054) (15,054)
Big Lottery - Minibus - (397) (397)
Minibus 30,622 (7,574) 23,048
33,394 (29,764) 3,630
TOTAL FUNDS 259,706 (249,227) 10,479

Description of funds

General fund

This represents the free reserves of the charity not earmarked for any specific purpose. The trustees policy is to try and hold reserves equivalent to at least one years anticipated expenditure.

Designated funds

Building fund

In 2020 £20,000 was designated by the trustees out of unrestricted funds to retain funds for proposed alterations to the charity's leasehold premises. Due to the Covid-19 pandemic and the resulting economic situation, the project has been put on hold and the funds transferred back to general reserves.

Covid-19 fund

In 2020 £25,000 was designated by the trustees out of unrestricted funds to cover the expected shortfall in income due to the Covid-19 pandemic.These funds have been released to the general fund as they have been spent in the current year.

Page 11

TABOR CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

11. MOVEMENT IN FUNDS - continued

Restricted funds

Big Lottery - Property

Represents funding received in 2004 to help fund the building of the leasehold premises. The building is depreciated over the term of the lease of 30 years and the relevant proportion is charged to the fun each year.

Big Lottery - Minibus

Represents Big Lottery funding and other collections and donations received to assist with the purchase of two minibuses in 2012 and since then for the future replacement of minibuses. The minibuses purchased are depreciated and the relevant proportion is charged to each of the funds each year.

Mid Essex PCT

Funding was received for a specific project and the balance of £57 represents the small balance unspent.

Other funds

Represents smaller funds where money has been collected for specific purposes and includes assets purchased not yet fully depreciated and money collected not yet spent..

12. OTHER FINANCIAL COMMITMENTS

The charity has a 30 year lease for the land and premises it occupies. The lease provides for an annual peppercorn rent of £1. The premises are required to be maintained in good repair both internally and externally and decorated as often as necessary. The landlord inspects the property annually. No liability is included in the accounts for rent or repair obligations.

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 12

TABOR CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND ENDOWMENTS
Donations and grants
Donations
Grants
Other trading activities
Fund raising activities
Investment income
Deposit account interest
Charitable activities
Attendance
Transport
Lunch
Boccia
Total incoming resources
EXPENDITURE
Raising donations and legacies
Sundries
Charitable activities
Wages
Social security
Pensions
Staff training
Premises
Transport
Catering
Activity & project costs
Boccia
Sundries
Depreciation of tangible fixed assets
Support costs
Finance
Loss on sale of tangible fixed assets
Information technology
IT
Governance costs
Accountancy and legal fees		 2021
£
2
83,009
83,011
782
401
121,038
-
2,737
24
123,799
207,993
618
149,777
5,404
2,369
300
17,782
8,081
1,430
20,948
-
2,902
45,775
254,768
(247)
684
2,476		 2020
£
14,347
26,285
40,632
2,072
1,307
198,279
2,866
12,908
1,642
215,695
259,706
714
147,958
3,451
1,612
-
16,565
15,864
7,101
17,643
1,032
3,502
28,078
242,806
1,963
-
3,744

This page does not form part of the statutory financial statements

Page 13

TABOR CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Total resources expended
Net (expenditure)/income		 2021
£
258,299
(50,306)		 2020
£
249,227
10,479

This page does not form part of the statutory financial statements

Page 14