## **REGISTERED COMPANY NUMBER: 05233187 (England and Wales) REGISTERED CHARITY NUMBER: 1106526**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **FOR**
## **LYNEMOUTH DAY CENTRE LIMITED**
Greaves Grindle Chartered Accountants Victoria House Bondgate Within Alnwick Northumberland NE66 1TA
## **LYNEMOUTH DAY CENTRE LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**|7|to|8|
|**Notes to the Financial Statements**|9|to|14|
## **LYNEMOUTH DAY CENTRE LIMITED (REGISTERED NUMBER: 05233187)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
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 2025. 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).
Page 1
## **LYNEMOUTH DAY CENTRE LIMITED (REGISTERED NUMBER: 05233187)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Constitution & Objects**
Lynemouth Day Centre Limited began trading on 1st April 2006, is registered at Companies House No: 5233187, and is registered with the Charities Commission No: 1106526.
The objects of the charity are to promote the relief of the elderly by providing, maintaining and managing a Day Centre in Lynemouth for the purpose of providing facilities for recreation and other leisure time occupations and other lawful charitable purposes in the interest of social welfare with the object of improving their conditions of life.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objects and in planning future activities.
## **Organisation**
The names of the Directors are set out on page 4. The Directors form the Executive Committee which meets regularly. The day-to-day management decisions are made by the Day Centre Manager with input from the Chairman and Directors as necessary. All decisions are ratified by the committee at the following executive meeting, and/ or by email correspondence. The Directors are elected or re-appointed each year by the members of Lynemouth Day Centre at the AGM.
## **Appointment Of New Trustees**
New trustees are voted on at the AGM. However, in accordance with the Articles of Association, the trustees may appoint a person who is willing to act as a trustee either to fill a vacancy or as an additional trustee provided that the appointment does not cause the number of trustees to exceed the number fixed by or in accordance with the articles as the maximum number of trustees.
A trustee so appointed shall hold office only until the next following Annual General Meeting.
## **Activities**
During the year, the Day Centre's management has continued to consolidate its operations following the Covid-19 pandemic. A full programme of activities and in-person events has resumed, and the Directors have reviewed operational arrangements on a regular basis to ensure that services remain safe, compliant, and effective.
The Day Centre has continued to deliver a range of established community services, including the sharing table, community shop, holiday meal clubs, and the provision of hot meals to local residents. The premises remain in regular use by the wider community, including the local library, which continues to occupy part of the building.
## **Plans for Future Periods**
The Directors remain committed to providing high-quality services within a safe and suitable environment. A phased refurbishment plan for the Day Centre premises is in place, and applications for grant funding have been submitted, and will continue to be submitted, to support each stage of the programme. The premises continue to be utilised by community organisations, including the local library.
The Day Centre is also in the process of acquiring a parcel of land adjacent to the current site. The acquisition will enable the future expansion of Day Centre services, including the development of outdoor activity areas and additional community facilities.
The Directors continue to monitor developments closely and maintain regular dialogue with the County Council. Operational measures remain in place to adapt services to the needs of clients and to monitor their welfare.
Page 2
## **LYNEMOUTH DAY CENTRE LIMITED (REGISTERED NUMBER: 05233187)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **Finance**
The financial statements for the year are attached to this report.
Funding from Social Services continues to support the operational activities of the Company. Since the year end, a grant of £15,000 has been received from The Ballinger Trust towards the purchase of land adjacent to the Day Centre. We have also been awarded £15,000 by Lynemouth Parish Council for the same purpose however this has not yet been paid. The Directors recognise the risks inherent in reliance on social care funding, coupled with rising operating costs and wider cost-of-living pressures. Management is actively exploring diversification and alternative funding sources to mitigate these risks.
The Directors extend their appreciation to the members who continue to raise significant funds for the Centre through their own efforts.
A financial risk assessment has been undertaken in response to the operational and financial challenges arising from external factors.
## **Staff**
The Directors wish to record their appreciation to the staff, who continue to demonstrate commitment and professionalism in delivering high-quality care and support to our members. The management team comprises Vikki Thompson and Lynsey Ditchburn. Staff development has continued throughout the year, with employees undertaking a range of training and accredited qualifications. Where feasible, the Day Centre also offers placements to young people from external education providers.
## **Reserves Policy**
The Executive Committee has an obligation to safeguard the interests of its clients, the majority of whom are vulnerable adults. Therefore, we aim to keep six months' running costs in reserve in light of the risks to the County Council funding which makes up most of our income. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be 6 months of the expenditure. Budgeted expenditure for 2025/26 is expected to be in the region of £380,000 and therefore the target is £190,000 in general funds. The reserves are needed to meet the working capital requirements of the charity and the Executive Committee are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding.
Whilst unrestricted funds stand at a decreased figure of £82,864 down from £111,069, an increased designation of £45,812 has been set aside for staff redundancies. The present level of unrestricted net current assets available to the charity is £54,799. After accounting for the designated redundancy amount, this leaves £8,987 working capital for the general reserve. This falls significantly short of the target level. Although the strategy is to continue to build reserves through planned operating surpluses, the Executive Committee is well aware that it is unlikely that the target range can be reached for at least 5 years. In the short term the Executive Committee has also considered the extent to which existing activities and expenditure could be curtailed, should such circumstances arise.
## **Risk Assessment**
The Directors have examined the major strategic, business and operational risks, which the charity faces, and confirm that systems have been established to engage regular reports to be produced so that the necessary steps may be taken to lessen these risks.
## **Reporting Accountants**
A resolution proposing that Greaves Grindle be re-appointed as reporting accountants of the charity will be put to the Annual General Meeting.
Page 3
## **LYNEMOUTH DAY CENTRE LIMITED (REGISTERED NUMBER: 05233187)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **REFERENCE AND ADMINISTRATIVE DETAILS Directors**
Mr M D Burdon (Chairman) Mr W Tarbit (Secretary) Mr E C Peat (Treasurer) Mrs G Thompson MBE
## **Manager**
Mrs V Thompson
## **Address**
Albion Terrace Lynemouth Morpeth Northumberland NE61 5SY
**Company Number** 5233187
**Charity Number** 1106526
## **Reporting Accountants**
Greaves Grindle Victoria House Bondgate Within Alnwick Northumberland NE66 1TA
## **Bankers**
Barclays Bank PLC Northumbria House Cramlington Northumberland NE23 6QP
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 12 December 2025 and signed on its behalf by:
M D Burdon - Trustee
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LYNEMOUTH DAY CENTRE LIMITED**
## **Independent examiner's report to the trustees of Lynemouth Day Centre Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
## **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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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
3. 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
4. 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.
Jane Harvey F.C.A.
Greaves Grindle Chartered Accountants Victoria House Bondgate Within Alnwick Northumberland NE66 1TA
19 December 2025
Page 5
## **LYNEMOUTH DAY CENTRE LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**224**
**Charitable activities**
Day Centre activities
**326,250**
Other trading activities
2
**34,196**
Investment income
3
**769**
**Total**
**361,439**
**EXPENDITURE ON**
Raising funds
**23,418**
**Charitable activities**
Day Centre activities
**366,226**
**Total**
**389,644**
**NET INCOME/(EXPENDITURE)**
**(28,205)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**111,069**
**TOTAL FUNDS CARRIED FORWARD**
**82,864**|Restricted
funds
£
**3,285**
**-**
**-**
**-**
**3,285**
**-**
**-**
**-**
**3,285**
**1,678**
**4,963**|**2025**
**Total**
**funds**
**£**
**3,509**
**326,250**
**34,196**
**769**
**364,724**
**23,418**
**366,226**
**389,644**
**(24,920)**
**112,747**
**87,827**|2024
Total
funds
£
4,482
323,525
19,752
813
348,572
24,102
350,842
374,944
(26,372)
139,119
112,747|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## **LYNEMOUTH DAY CENTRE LIMITED (REGISTERED NUMBER: 05233187)**
## **BALANCE SHEET 31 MARCH 2025**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
8
**28,065**
**CURRENT ASSETS**
Debtors
9
**9,299**
Cash at bank and in hand
**61,016**
**70,315**
**CREDITORS**
Amounts falling due within one year
10
**(15,516)**
**NET CURRENT ASSETS**
**54,799**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**82,864**
**NET ASSETS**
**82,864**
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**-**
**-**
**4,963**
**4,963**
**-**
**4,963**
**4,963**
**4,963**|**2025**
**Total**
**funds**
**£**
**28,065**
**9,299**
**65,979**
**75,278**
**(15,516)**
**59,762**
**87,827**
**87,827**
**82,864**
**4,963**
**87,827**|2024
Total
funds
£
28,708
18,168
80,605
98,773
(14,734)
84,039
112,747
112,747
111,069
1,678
112,747|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
## **LYNEMOUTH DAY CENTRE LIMITED (REGISTERED NUMBER: 05233187)**
## **BALANCE SHEET - continued 31 MARCH 2025**
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 12 December 2025 and were signed on its behalf by:
M D Burdon - Trustee
G Thompson - Trustee
The notes form part of these financial statements
Page 8
## **LYNEMOUTH DAY CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **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.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **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**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
## **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.
## **Basic financial instruments**
The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 Charities SORP (FRS 102). Subsequent measurement is as per paragraphs 11.17 to 11.19, Charities SORP (FRS 102).
## **Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discount.
continued...
Page 9
## **LYNEMOUTH DAY CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **2.**
## **3.**
## **OTHER TRADING ACTIVITIES**
|Raffle
External catering
Support service
**INVESTMENT INCOME**
Interest receivable|**2025**
**£**
**2,091**
**26,322**
**5,783**
**34,196**
**2025**
**£**
**769**|2024
£
3,206
11,500
5,046|
|---|---|---|
|||19,752|
|||2024
£
813|
## **4. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||**2025**|2024|
|---|---|---|
||**£**|£|
|Independent examiner's fees|**2,345**|2,332|
|Depreciation - owned assets|**643**|643|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **6. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Charitable activities
Management and administration|**2025**
**10**
**2**
**12**|2024
10
2|
|---|---|---|
|||12|
No employees received emoluments in excess of £60,000.
The aggregate remuneration of the management team in the year amounted to £60,494.
continued...
Page 10
## **LYNEMOUTH DAY CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **7.**
## **8.**
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
1,667
**Charitable activities**
Day Centre activities
323,525
Other trading activities
19,752
Investment income
813
**Total**
345,757
**EXPENDITURE ON**
Raising funds
24,102
**Charitable activities**
Day Centre activities
348,027
**Total**
372,129
**NET INCOME/(EXPENDITURE)**
(26,372)
**RECONCILIATION OF FUNDS**
Total funds brought forward
137,441
**TOTAL FUNDS CARRIED FORWARD**
111,069
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2024 and 31 March 2025
**DEPRECIATION**
At 1 April 2024
Charge for year
At 31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024
Page 11|Restricted
Total
funds
funds
£
£
2,815
4,482
-
323,525
-
19,752
-
813
2,815
348,572
-
24,102
2,815
350,842
2,815
374,944
-
(26,372)
1,678
139,119
1,678
112,747
Freehold
property
£
**35,138**
**6,430**
**643**
**7,073**
**28,065**
28,708
continued...|
|---|---|
**LYNEMOUTH DAY CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **8. TANGIBLE FIXED ASSETS - continued**
Included in cost or valuation of land and buildings is freehold land of £3,000 (2024 - £3,000) which is not depreciated.
## **9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|
|Other debtors
Prepayments
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
Accrued expenses|**2025**
**£**
**8,122**
**1,177**
**9,299**
**2025**
**£**
**7,718**
**688**
**7,110**
**15,516**|2024
£
17,168
1,000|
|||18,168|
|||2024
£
7,447
688
6,599|
|||14,734|
## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## **11. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General reserve
Designated redundancy fund
**Restricted funds**
Transport fund
Building refurbishment fund
Hallway flooring fund
Bathroom fittings fund
**TOTAL FUNDS**|At 1.4.24
£
**68,179**
**42,890**
**111,069**
**1,388**
**290**
**-**
**-**
**1,678**
**112,747**|Net
movement
in funds
£
**(28,205)**
**-**
**(28,205)**
**-**
**-**
**2,285**
**1,000**
**3,285**
**(24,920)**|Transfers
between
funds
£
**(2,922)**
**2,922**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|At
31.3.25
£
**37,052**
**45,812**|
|---|---|---|---|---|
|||||**82,864**
**1,388**
**290**
**2,285**
**1,000**|
|||||**4,963**|
|||||**87,827**|
continued...
Page 12
**LYNEMOUTH DAY CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General reserve
**Restricted funds**
Hallway flooring fund
Bathroom fittings fund
**TOTAL FUNDS**|Incoming
resources
£
**361,439**
**2,285**
**1,000**
**3,285**
**364,724**|Resources
Movement
expended
in funds
£
£
**(389,644)**
**(28,205)**
**-**
**2,285**
**-**
**1,000**
**-**
**3,285**
**(389,644)**
**(24,920)**|
|---|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General reserve
Designated redundancy fund
**Restricted funds**
Transport fund
Building refurbishment fund
**TOTAL FUNDS**|At 1.4.23
£
102,971
34,470
137,441
1,388
290
1,678
139,119|Net
movement
in funds
£
(26,372)
-
(26,372)
-
-
-
(26,372)|Transfers
between
funds
£
(8,420)
8,420
-
-
-
-
-|At
31.3.24
£
68,179
42,890|
|---|---|---|---|---|
|||||111,069
1,388
290|
|||||1,678|
|||||112,747|
continued...
Page 13
## **LYNEMOUTH DAY CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General reserve
**Restricted funds**
New oven fund
**TOTAL FUNDS**|Incoming
resources
£
345,757
2,815
348,572|Resources
Movement
expended
in funds
£
£
(372,129)
(26,372)
(2,815)
-
(374,944)
(26,372)|
|---|---|---|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2025.
## **13. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
||**Fixed assets**|**Current**
**assets**|**Current**
**liabilities**|**Total**
**2025**|Total
2024|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|£|
|**Unrestricted funds**||||||
|General reserve|28,065|24,503|(15,516)|37,052|68,179|
|**Designated funds**||||||
|Designated redundancy fund|-|45,812|-|45,812|42,890|
|||||||
|**Total unrestricted funds**|28,065|70,315|(15,516)|82,864|111,069|
|||||||
|||||||
|||||||
|**Restricted funds**||||||
|Transport fund|-|1,388|-|1,388|1,388|
|Building refurbishment fund|-|290|-|290|290|
|Hallway flooring fund|-|2,285|-|2,285|-|
|Bathroom fittings fund|-|1,000|-|1,000|-|
|||||||
|**Total restricted funds**|-|4,963|-|4,963|1,678|
|||||||
|||||||
|**Total funds**|28,065|75,278|(15,516)|87,827|112,747|
|||||||
Page 14