Charity Registration No. 1102855
Company Registration No. 05051071 (England and Wales)
TABOR CENTRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11 De Grey Square De Grey Road Colchester Essex CO4 5YQ
TABOR CENTRE
CONTENTS
| Page | |
|---|---|
| Company information | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 17 |
TABOR CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr G D Green V J Zammit Mr D F Mann Mr P H Whitehead Secretary Mr D F Mann Charity number 1102855 Company number 05051071 Registered office Weavers Park Courtauld Road Braintree Essex England CM7 9BT Independent examiner TC Group 11 De Grey Square De Grey Road Colchester Essex CO4 5YQ
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TABOR CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
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 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016).
Objectives and activities
The charity is a day centre for adults with physical disabilities. The charity provides support, care and activities which assist with independent living. It 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:
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offering a range of opportunities to help develop members' potential, giving more confidence to be independent in making choices about lifestyle, work and particularly in today's society as equals
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providing social and vocational skills and development and encouraging participation in further education
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providing an informal and flexible environment to assist individual development
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involving members of the centre in decision making, and understanding and meeting their needs
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providing relief and respite for carers many of whom have a full-time care commitment
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providing wheelchair accessible transport which is essential to allow many members to attend
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offering specialist care, advice and support
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.
In setting objectives, developing strategies and undertaking activities, the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
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TABOR CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance
The aftermath of the Covid-19 pandemic continues to have an impact on the Centre with reduced members, activities, and funding.
Numbers attending have still not recovered to pre-pandemic levels which impacts on our ability to run full classes and the variety of activities we would like to achieve. We are pleased however that the weekly Boccia session continues to prove popular.
Our physiotherapist provides weekly services which 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 further reduction in staff hours have produced additional savings to core costs and we are continuing to manage to operate with only one bus for the time being. We review this situation at regular intervals.
We have had a number of new referrals both from the local authority and walk-ins.
Financial review
The financial outcome for the year reflects the position outlined above. The year-end financial accounts show a deficit of £44,743.
Unrestricted Funds
Income of £133,781 was mainly sourced by members' attendance payments and Essex County Council.
Charitable expenditure was £178,524.
Restricted Funds
The charity received restricted funds of £5,379 and spent £22,499, reducing by £17,120 the restricted funds at the year-end as detailed in note 15.
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 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 £60,000 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.
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TABOR CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
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 are held 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 best rates of interest available.
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 effects of a pandemic such as Covid-19 are an ongoing concern and will continue to challenge the Centre's financial position into 2024/25 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 and indeed a third exercise cycle has just been obtained through a generous donation. Additional funding for the physiotherapist has ensured that her services will continue to be available for one day a week in the short term and further funding has been applied for.
Structure, governance and management
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.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr G D Green V J Zammit Mr D F Mann Mr P H Whitehead
New trustees are recruited and appointed by the board of trustees. The board have been attempting to recruit new trustees for some time, but have been unable to find suitable candidates. .
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
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TABOR CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
The trustees' report, including the strategic report, was approved by the Board of Trustees.
Mr D F Mann
Dated: 8 October 2024
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TABOR CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF TABOR CENTRE
I report to the trustees on my examination of the financial statements of Tabor Centre (the charity) for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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
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4 the financial statements 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 financial statements to be reached.
Jacqueline Frost ACA Independent Examiner
TC Group 11 De Grey Square De Grey Road Colchester Essex CO4 5YQ
Dated: 28 October 2024
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TABOR CENTRE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 19,266 5,379 Charitable activities 4 109,058 - Other trading activities 5 4,258 - Investments 6 1,199 - Total income 133,781 5,379 Expenditure on: Raising funds 7 61 - Charitable activities 8 178,463 22,499 Total expenditure 178,524 22,499 Net expenditure (44,743) (17,120) Transfers between funds - - Net movement in funds (44,743) (17,120) Reconciliation of funds: Fund balances at 1 April 2023 214,859 154,676 Fund balances at 31 March 2024 170,116 137,556 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 24,645 26,543 1,192 109,058 119,576 - 4,258 3,470 - 1,199 1,027 - 139,160 150,616 1,192 61 61 - 200,962 188,384 20,557 201,023 188,445 20,557 (61,863) (37,829) (19,365) - 1,066 (1,066) (61,863) (36,763) (20,431) 369,535 251,623 175,106 307,672 214,860 154,675 |
Total 2023 £ 27,735 119,576 3,470 1,027 151,808 61 208,941 209,002 (57,194) - (57,194) 426,729 369,535 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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TABOR CENTRE
BALANCE SHEET
AS AT 31 MARCH 2024
| Notes Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Income funds Restricted funds 15 Unrestricted funds |
2024 £ 16,134 116,724 132,858 (6,274) |
£ 181,088 126,584 307,672 137,556 170,116 307,672 |
2023 £ 13,485 151,569 165,054 (6,787) |
£ 211,268 158,267 |
|---|---|---|---|---|
| 369,535 | ||||
| 154,675 214,860 |
||||
| 369,535 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 8 October 2024
Mr G D Green Mr D F Mann Trustee Trustee
Trustee Company Registration No. 05051071
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FOR THE YEAR ENDED 31 MARCH 2024
TABOR CENTRE
NOTES TO THE FINANCIAL STATEMENTS
1 Accounting policies
Charity information
Tabor Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is Weavers Park, Courtauld Road, Braintree, Essex, CM7 9BT, England.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's SORP (FRS 102), the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Public benefit entity
The charity meets the definition of a public benefit entity under FRS 102 as its primary purpose is for social benefit.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received:
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TABOR CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
(Continued)
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Donations and legacies are recognised on the earlier of the charity being notified of an impending distribution or the money being received.
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Grant income is recognised on the date that the charity is notified that a grant has been awarded.
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Income from charitable activities is recognised in the period to which the services were supplied.
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Fundraising income is recognised on the date that the income is received.
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Gifts donated for resale are recognised when they are resold.
No amounts are included in the financial statements for services donated by volunteers.
1.5 Resources expended
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 costs related to the category. Where costs cannot be directly attributed to a particular heading 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.
The company has one activity, so all costs relate to that activity. No apportionment of costs is required.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
| Short leasehold | straight line over the period of the 30 year lease |
|---|---|
| Physio equipment | 33% reducing balance |
| Fixtures and fittings | 10% reducing balance |
| Motor vehicles | 25% reducing balance |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Taxation
The charity is exempt from corporation tax on its charitable activities.
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TABOR CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
(Continued)
1.9 Pension costs and 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 to the Financial Activities in the period to which they relate.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 19,266 5,379 For the year ended 31 March 2023 26,543 1,192 Charitable activities Unrestricted funds 2024 £ Attendance 102,711 Lunch 4,231 Boccia 2,116 109,058 |
Total 2024 £ 24,645 |
|---|---|
| 27,735 | |
| Total 2023 £ 113,496 4,044 2,036 |
|
| 119,576 |
4 Charitable activities
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TABOR CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
5 Income from other trading activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Fundraising events | 4,258 | 3,470 | |
| 6 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Other income | 1,199 | 1,027 | |
| 7 | Raising funds | ||
| Unrestricted | Total | ||
| funds | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Sundries | 61 | 61 |
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TABOR CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
8 Charitable activities
| Day Care | Day Care | |
|---|---|---|
| Centre | Centre | |
| 2024 | 2023 | |
| £ | £ | |
| Staff costs | 126,267 | 125,636 |
| Premises | 16,023 | 19,659 |
| Transport | 9,549 | 10,204 |
| Catering | 3,616 | 4,027 |
| Activity and project costs | 8,966 | 6,770 |
| Boccia | 1,203 | 999 |
| Sundries | 2,968 | 2,349 |
| Depreciation of tangible assets | 30,179 | 34,909 |
| 198,771 | 204,553 | |
| Share of support costs (see note 9) | 150 | 629 |
| Share of governance costs (see note 9) | 2,041 | 3,759 |
| 200,962 | 208,941 | |
| Analysis by fund | ||
| Unrestricted funds | 178,463 | 188,384 |
| Restricted funds | 22,499 | 20,557 |
| 200,962 | 208,941 | |
| For the year ended 31 March 2023 | ||
| Unrestricted funds | 188,384 | |
| Restricted funds | 20,557 | |
| 208,941 |
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TABOR CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
9 Support costs
| Support costs | |||
|---|---|---|---|
| Computer costs Accountancy and legal fees Analysed between Charitable activities |
Support costs Governance costs £ £ 150 - - 2,041 150 2,041 150 2,041 |
2024 £ 150 2,041 2,191 2,191 |
2023 £ 629 3,759 |
| 4,388 | |||
| 4,388 |
Included in governance costs are Independent Examiner's fees of £1,800 (2023: £1,500).
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration, expenses or other benefits from the charity during the year.
11 Employees
Number of employees
The average monthly number of employees during the year was:
| Carers Employment costs Wages and salaries Social security costs Other pension costs |
2024 Number 9 2024 £ 122,999 1,491 1,777 126,267 |
2023 Number 9 |
|---|---|---|
| 2023 £ 121,506 2,158 1,972 |
||
| 125,636 |
There were no employees whose annual remuneration was £60,000 or more.
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TABOR CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Tangible fixed assets
| Tangible fixed assets | ||
|---|---|---|
| Short leasehold £ Cost At 1 April 2023 424,027 At 31 March 2024 424,027 Depreciation and impairment At 1 April 2023 283,517 Depreciation charged in the year 15,054 At 31 March 2024 298,571 Carrying amount At 31 March 2024 125,456 At 31 March 2023 140,510 |
Physio equipment Fixtures and fittings Motor vehicles £ £ £ 7,203 48,990 127,498 7,203 48,990 127,498 5,376 30,488 77,070 603 1,915 12,607 5,979 32,403 89,677 1,224 16,587 37,821 1,827 18,503 50,428 |
Total £ 607,718 |
| 607,718 | ||
| 396,451 30,179 |
||
| 426,630 | ||
| 181,088 | ||
| 211,268 |
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.
13 Debtors
| 13 Debtors |
||
|---|---|---|
| Amounts falling due within one year: Prepayments and accrued income 14 Creditors: amounts falling due within one year Other creditors Accruals and deferred income |
2024 £ 16,134 2024 £ 1,309 4,965 6,274 |
2023 £ 13,485 |
| 2023 £ 1,502 5,285 |
||
| 6,787 |
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FOR THE YEAR ENDED 31 MARCH 2024
TABOR CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
15 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| Balance at 1 April 2023 £ Other 8,695 Big Lottery 140,510 Mid Essex PCT 57 Physio Equipment 1,740 ECF Furniture 66 Physio 2,951 ECC Covid Infection Control 657 154,676 |
Incoming resources £ 5,379 - - - - - - 5,379 |
Resources expended Balance at 31 March 2024 £ £ (2,998) 11,076 (15,054) 125,456 - 57 (788) 952 (66) - (2,951) - (642) 15 (22,499) 137,556 |
Resources expended Balance at 31 March 2024 £ £ (2,998) 11,076 (15,054) 125,456 - 57 (788) 952 (66) - (2,951) - (642) 15 (22,499) 137,556 |
|---|---|---|---|
| 137,556 |
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 fund each year.
ECF Furniture
Funding was received to buy office equipment.
Physio
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 grants 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.
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TABOR CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2024 2024 £ £ At 31 March 2024: Tangible assets 55,632 125,456 Current assets/(liabilities) 114,484 12,100 170,116 137,556 Unrestricted Restricted funds funds 2023 2023 £ £ At 31 March 2023: Tangible assets 70,758 140,510 Current assets/(liabilities) 144,102 14,165 214,860 154,675 |
Total 2024 £ 181,088 126,584 |
|---|---|
| 307,672 | |
| Total 2023 £ 211,268 158,267 |
|
| 369,535 |
17 Financial commitments, guarantees and contingent liabilities
The charity has a 30 year lease for the land and premises it occupies. The least provides for an annual peppercorn rent of £1. The premises are required to be maintained in good repairs both internally and externally and decorated as often as necessary. The landlord inspects the property annually. No liability is included in the accounts for the rent or repairs obligations.
18 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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