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2023-03-31-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 2023

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 2023

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 2023

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 2023. 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 aftermath of the Covid-19 pandemic continues to have an impact on the Centre with reduced members, activities, and funding.

Numbers attending have not recovered to pre-pandemic levels which impacts on our ability to run classes and activities. We are pleased nonetheless that the weekly Boccia session has proved popular.

The services provided by the physiotherapist have been broadened and now include, as well as access to our specialist equipment, a weekly fitness class, one-to-one consultations, and individual fitness programmes towards rehabilitation. The members also have access to a chiropodist and this is well received.

The reduced staff numbers/hours have saved on core costs and we are managing to operate with only one bus for the time being.

We have had a number of new referrals both from the local authority and walk-ins.

Financial review

Financial position

The financial outcome for the year reflects the position outlined above. The year-end financial accounts show a deficit of £36,763.

Unrestricted Funds

Income of £150,615 was mainly sourced by members' attendance payments and Essex County Council.

Charitable expenditure was £187,378.

Restricted Funds

The charity received restricted funds of £1,192 and spent £21,623, reducing by £20,431 the restricted funds at the year-end as detailed in note 11.

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 now been placed on a fixed deposit to take advantage of the higher interest rates available to charities. This fixed rate deposit will be renewed on maturity to take advantage of the higher rates of interest now available.

Page 1

TABOR CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRATEGIC REPORT Financial review

Reserves policy

Other than members attendance payments, 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 felt it is important to ensure stability' of the Charity in the near to medium term. For this purpose it was resolved some time ago to establish and hold reserves equivalent to at least one year's anticipated expenditure.

The reserves set aside previously have both been written back and the current free reserve of £144,102 does not fulfil the Trustees objective and the target is to re-establish this level of reserves over the next few years if this is at all possible.

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 but is no longer possible in the short term.

The lasting impact of Covid-19 is an ongoing risk and will continue to challenge the Centre's financial position into 2023/24 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. We are looking at ways to increase access to these facilities. 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 V J Zammit (appointed 26.5.22)

Company Secretary

D F Mann

Page 2

TABOR CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 24 July 2023 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 2023.

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

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

25 July 2023

Page 4

TABOR CENTRE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

2023
Unrestricted
Restricted
Total
funds
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and grants
26,542
1,192
27,734
Charitable activities
Day Care Centre
119,576
-
119,576
Other trading activities
2
3,470
-
3,470
Investment income
3
1,027
-
1,027
Other income
-
-
-
Total
150,615
1,192
151,807
EXPENDITURE ON
Raising funds
61
-
61
Charitable activities
Day Care Centre
188,383
20,557
208,940
Total
188,444
20,557
209,001
NET INCOME/(EXPENDITURE)
(37,829)
(19,365)
(57,194)
Transfers between funds
11
1,066
(1,066)
-
Net movement in funds
(36,763)
(20,431)
(57,194)
RECONCILIATION OF FUNDS
Total funds brought forward
251,623
175,106
426,729
TOTAL FUNDS CARRIED FORWARD
214,860
154,675
369,535		 2022
Total
funds
£
57,329
123,727
2,633
47
600
184,336
281
251,981
252,262
(67,926)
-
(67,926)
494,655
426,729

The notes form part of these financial statements

Page 5

TABOR CENTRE

BALANCE SHEET 31 MARCH 2023

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
8
70,758
140,510
CURRENT ASSETS
Debtors
9
13,485
-
Cash at bank
137,404
14,165
150,889
14,165
CREDITORS
Amounts falling due within one year
10
(6,787)
-
NET CURRENT ASSETS
144,102
14,165
TOTAL ASSETS LESS CURRENT LIABILITIES
214,860
154,675
NET ASSETS
214,860
154,675
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2023
Total
funds
£
211,268
13,485
151,569
165,054
(6,787)
158,267
369,535
369,535
214,860
154,675
369,535		 2022
Total
funds
£
245,111
12,356
178,014
190,370
(8,752)
181,618
426,729
426,729
251,623
175,106
426,729

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 24 July 2023 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 2023

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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 2023

2. OTHER TRADING ACTIVITIES

2. OTHER TRADING ACTIVITIES
2023 2022
£ £
Fund raising activities 3,470 2,633
3. INVESTMENT INCOME
2023 2022
£ £
Deposit account interest 1,027 47
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2023 2022
£ £
Depreciation - owned assets 34,909 41,098
Independent examiner's fees 1,500 1,500

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

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
45,602
Charitable activities
Day Care Centre
123,727
Other trading activities
2,633
Investment income
47
Other income
600
Total
172,609
EXPENDITURE ON
Raising funds
281		 2023
9
Restricted
funds
£
11,727
-
-
-
-
11,727
-		 2022
9
Total
funds
£
57,329
123,727
2,633
47
600
184,336
281

Page 8

TABOR CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£
Charitable activities
Day Care Centre
207,792
Total
208,073
NET INCOME/(EXPENDITURE)
(35,464)
Transfers between funds
3,888
Net movement in funds
(31,576)
RECONCILIATION OF FUNDS
Total funds brought forward
283,199
TOTAL FUNDS CARRIED FORWARD
251,623
8.
TANGIBLE FIXED ASSETS
Fixtures
Short
and
Motor
leasehold
fittings
vehicles
£
£
£
COST
At 1 April 2022
424,027
51,057
127,498
Additions
-
1,066
-
At 31 March 2023
424,027
52,123
127,498
DEPRECIATION
At 1 April 2022
268,463
31,474
60,261
Charge for year
15,054
2,146
16,809
At 31 March 2023
283,517
33,620
77,070
NET BOOK VALUE
At 31 March 2023
140,510
18,503
50,428
At 31 March 2022
155,564
19,583
67,237
Restricted
funds
£
44,189
44,189
(32,462)
(3,888)
(36,350)
211,456
175,106
Physio
equipment
£
4,070
-
4,070
1,343
900
2,243
1,827
2,727		 Total
funds
£
251,981
252,262
(67,926)
-
(67,926)
494,655
426,729
Totals
£
606,652
1,066
607,718
361,541
34,909
396,450
211,268
245,111

Leasehold premises costs relate to the cost of refurbishing and enlarging the premises owned by the local authority. The costs 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 2023

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayments and accrued income
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accrued expenses
11.
MOVEMENT IN FUNDS
At 1.4.22
£
Unrestricted funds
General fund
251,623
Restricted funds
Other
8,400
Big Lottery
155,564
Mid Essex PCT
57
Physio equipment
1,740
ECF Furniture
1,132
Physio
7,557
ECC Covid Infection Control
656
175,106
TOTAL FUNDS
426,729
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Other
Big Lottery
Physio
TOTAL FUNDS		 Net
movement
in funds
£
(37,829)
295
(15,054)
-
-
-
(4,606)
-
(19,365)
(57,194)
Incoming
resources
£
150,615
1,192
-
-
1,192
151,807		 2023
2022
£
£
13,485
12,356
2023
2022
£
£
1,502
1,602
5,285
7,150
6,787
8,752
Transfers
between
At
funds
31.3.23
£
£
1,066
214,860
-
8,695
-
140,510
-
57
-
1,740
(1,066)
66
-
2,951
-
656
(1,066)
154,675
-
369,535
Resources
Movement
expended
in funds
£
£
(188,444)
(37,829)
(897)
295
(15,054)
(15,054)
(4,606)
(4,606)
(20,557)
(19,365)
(209,001)
(57,194)

Page 10

TABOR CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Other
Big Lottery
Mid Essex PCT
Physio equipment
ECF Furniture
Physio
ECC Covid Infection Control
TOTAL FUNDS
Comparative net movement in funds, included in the
Unrestricted funds
General fund
Restricted funds
Other
Big Lottery
ECF Furniture
Physio
ECC Covid Infection Control
TOTAL FUNDS
Description of funds		 Net
movement
At 1.4.21
in funds
£
£
283,199
(35,464)
9,179
(779)
170,618
(15,054)
57
-
1,740
-
-
5,020
9,248
(1,691)
20,614
(19,958)
211,456
(32,462)
494,655
(67,926)
above are as follows:
Incoming
resources
£
172,609
3,725
-
5,020
2,940
42
11,727
184,336		 Transfers
between
At
funds
31.3.22
£
£
3,888
251,623
-
8,400
-
155,564
-
57
-
1,740
(3,888)
1,132
-
7,557
-
656
(3,888)
175,106
-
426,729
Resources
Movement
expended
in funds
£
£
(208,073)
(35,464)
(4,504)
(779)
(15,054)
(15,054)
-
5,020
(4,631)
(1,691)
(20,000)
(19,958)
(44,189)
(32,462)
(252,262)
(67,926)

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.

Restricted funds

Big Lottery - Property

Represents funding received in 2004 to help fund the refurbishment and enlargement 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.

ECF Furniture

Funding was received to buy office equipment.

Physio

Page 11

TABOR CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

11. MOVEMENT IN FUNDS - continued

Funding received from various grants to enable continued weekly sessions from Physiotherapist for 2022 and 2023.

ECC Covid Infection Control

Funds received from local authority in 2020/21 to purchase specific Covid control items and cover overtime necessitated by Covid. The majority of the funds were unused and, with the agreement of the local authority, were retained as payment for unrestricted monthly attendance fees. This arrangement was treated in the 2021/22 accounts as a repayment of the original restricted grant and the receipt of unrestricted attendance fees. A small balance remains on the fund to cover other Covid expenses.

Other funds

Represents smaller funds where money has been collected for specific purposes and the money collected has not yet been 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 2023.

Page 12

TABOR CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

INCOME AND ENDOWMENTS
Donations and grants
Donations
Legacies
Grants
Other trading activities
Fund raising activities
Investment income
Deposit account interest
Charitable activities
Attendance
Lunch
Boccia
Other income
Miscellaneous income
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
Grants to institutions
Support costs
Information technology
IT		 2023
£
27,734
-
-
27,734
3,470
1,027
113,496
4,044
2,036
119,576
-
151,807
61
121,506
2,158
1,972
-
19,658
10,204
4,027
6,770
999
2,349
34,909
-
204,552
629		 2022
£
22,211
25,500
9,618
57,329
2,633
47
119,386
4,028
313
123,727
600
184,336
281
133,606
4,115
1,985
450
20,616
9,031
3,668
10,115
399
2,826
41,098
20,000
247,909
612

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 2023

2023 2022
£ £
Information technology
Governance costs
Accountancy and legal fees 3,759 3,460
Total resources expended 209,001 252,262
Net expenditure (57,194) (67,926)

This page does not form part of the statutory financial statements

Page 14