COMPANY REGISTRATION NUMBER: 6478170 CHARITY REGISTRATION NUMBER: 1122971
Tenterden & District Day Centre Company Limited by Guarantee Unaudited Financial Statements 31 March 2024
DAVID PAYNE
Accountants Sportsman Farm St Michaels Tenterden Kent TN30 6SY
Tenterden & District Day Centre
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Accountants report to the board of trustees on the preparation | |
| of the unaudited statutory financial statements | 7 |
| Statement of financial activities (including income and | |
| expenditure account) | 8 |
| Statement of financial position | 9 |
| Statement of cash flows | 11 |
| Notes to the financial statements | 12 |
Tenterden & District Day Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Chair's report
Tenterden & District Day Centre
Chair of Trustees Annual Report 2023-2024
The activities of the Tenterden Social Hub and the services continue to thrive and to provide an invaluable service to the community. However, like many charities the organisation continues to face very considerable financial pressures.
After a difficult year, there has been a streamlining of staff
The Hub relies essentially on three separate income streams:
Monies earned through its activities including in the Hub itself, help through home visits, Meals- OnWheels, the café and charity shop in EC30. Grants from local government and independent funding foundations. Charitable giving.
It is not possible to increase prices on our services to become self-funding as this would risk pricing them out of the pockets of the very people who need them. However, income from the these, while not fully restored to pre-pandemic levels, is broadly encouraging.
In spite of inflationary pressures and the nature of the clientele, which means that there is a limit to the extent to which prices can be raised, income from the first of these, while not fully restored to prepandemic levels, is broadly encouraging.
Local government funding has been reduced drastically in recent years and the signs for the future do not look good. Other grant making bodies have also found themselves spreading their resources more thinly because of increased demand and, again, it seems unlikely that the situation will ease.
Our marketing and fundraising activities have been significantly increased and we have concentrated on development of our Dementia support services to reflect the needs of our community.
Whilst we have a rent free arrangement with Ashford Borough Council to occupy our buildings we are responsible for the ongoing maintenance. It is a 180 year old building which is increasingly expensive to run and is also less fit for purpose in the modern era than once it was. Our Health and Wellbeing Centre EC30 continues to perform well and deliver excellent support to our community.
The CEO and the staff, both on the admin and the operational side have performed very well and we continue to be very grateful to some fifty volunteers without whom we could not continue.
Ian Templeton. Chairman of Trustees
1
Tenterden & District Day Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Reference and administrative details
Registered charity name Tenterden & District Day Centre Charity registration number 1122971 Company registration number 6478170 Principal office and registered Tenterden & District Day Centre office Church Road Tenterden TN30 6AT Kent The trustees Mr R Isworth (Resigned 31 July 2023) Mr C Saunders ( Treasurer) Dr D Dodds (Appointed 30 June 2023) Rev L J Hammond Mr A Hynard Mrs K E Klemen Mr P A Wilson (Appointed 30 June 2023) Mrs J Webb Mr I Templeton (Chairman) (Appointed 30 June 2023) Mr T Thorpe (Resigned 31 December 2023) Mr K Morrison (Appointed 7 September 2023) Accountants David Payne Accountants Sportsman Farm St Michaels Tenterden Kent TN30 6SY
2
Tenterden & District Day Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Structure, governance and management
The Trustees present their report and examined financial statements of the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 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 published on 05th October 2018, as amended by Bulletin 2.
3
Tenterden & District Day Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Objectives and activities
Aims and objectives
Tenterden Social Hub (TSH) and EC30 Health and Wellbeing Centre, operate under one umbrella organisation as an independent provider, but support our community's needs in different ways. Both centres welcome everyone from our community and our combined impact to both individuals and families is significant.
Tenterden Social Hub
In our Tenterden Community we are the sole provider of a wide range of support for elderly and vulnerable adults under one roof. We provide cost-effective services in an existing and wellestablished framework and have been delivering essential support services since 1980, over 40 years.
o Transport service - this provides an essential lifeline, providing mobility, value for money and a fully accessible door-to-door service every weekday. We also assist with transport for hospital and doctors' appointments. Without this, hundreds of vulnerable and mobility compromised individuals would be isolated at home without any form of support, or regular contact oOver 60's, Disability and Dementia Groups - Most of these groups are open daily, and provide the opportunity to take part in a range of activities and exercise programmes as well as simply enjoying a nutritious home-cooked meal and socialising with others
o Meals Club - daily we offer a choice of freshly cooked two-course meal service for our members prepared by our Chef and his team
o Meals-on-wheels provides a vital door-to-door service for mobility and health compromised individuals and supports those returning from hospital stays to recuperate in their own homes
o Helping Hands is a lifeline for those unable to get out and about for simple tasks like food and essentials shopping and who often struggle to undertake household duties. This service also supports those returning from a hospital stay
EC30-Community Health and Wellbeing Centre
Newly opened in April 2021 and operating under TSH organisation, EC30 is housed in a redundant renovated NHS property. We joined with NHS Property Services, Ashford PCN and Ivy Court Surgery to open a much-needed community facility. This offers multi-generational support and houses a team of NHS Social Prescribers. Everyone is welcome from within and outside of our local community, and we have drop-in and appointment-led sessions. The outside spaces are maintained by volunteers from the community. We work with many support groups and organisations, some of these just meet informally in the Cafe but we also offer our meeting rooms for hire to return an income. Our current support services attract a diverse range of visitors, As an organisation, we work closely with our partners in the local community including Churches, local schools, our Doctors Surgery, Tenterden Town Council and Ashford Borough Council.
4
Tenterden & District Day Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
Achievements and performance
In continuing to adapt to the cessation of KCC direct funding and the introduction of Imago funding, The Hub has worked hard to invigorate the activities that we can offer. We continue to welcome new members into our Hub and new clients to our At-Home Services, supporting individual independence and reducing social isolation. In developing our services to meet the needs of our community, we introduced a new 'Memory Lane Group' that supports those who are in the early stages of dementia. This group then supports a members journey through to our other dementia support groups thus offering a full care pathway. Developing our dementia services and offering additional training to staff is a key objective in expanding and developing our Dementia services over the next few years. Our health and wellbeing centre, EC30 continues to grow and provide a welcome support to the Tenterden Community across all generations. The room rental and coffee shop income shows growth and better seasonal performances during the winter months.
Risk management
The economic impact of rising costs across all of our touchpoints, fuel, food and staff wages has been difficult to navigate. In implementing price increases, we need to be cognisant that we are not pricing our support out of the pockets of the local people who need us. We review and reduce our costs wherever possible and continue to seek and secure grants to fund our activities to ensure that we remain resilient for the future. Generally there is a UK wide reduction in the overall available funds to support core costs and the application process is taking longer. We have secured funding from the National Lottery and Garfield Weston for the financial year 2023-2024.
5
Tenterden & District Day Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Financial review
Financial review
Income for the year amounted to £664,542 (2023: £616,728). Expenditure amounted to £722,804(2023: £691,626).As a result of these movements, a deficit of £58,262 resulted (2023:deficit £74,898).Included in the deficit is an amount of Depreciation of £33,664.(2023: 44,643). At 31 March 2024 total funds amounted to £388,024 (2023: £446,286).
Reserves policy
The Trustees have reviewed the reserves of the charitable company and have established a policy under which the free reserves held by the charitable company should be between three and six months of the resources expended, that is between £145,000 and £295,000 (2023: £145,000 and £295,000). This provides working capital and would enable the charitable company to continue operations in the event of a significant drop in funding long enough to reduce or cease its activities in an orderly manner. Unrestricted funds at 31 March 2024 were £365,416 (2023: £428,721).
Restricted funds amounted to £22,608 at 31 March 2024 (2023: £17,565)and further details are included to the financial statements.
Designated funds amounted to £317,867 at 31 March 2024 (2023: £370,526)and further details are included in note 18 to the financial statements and mainly represent the fixed assets owned by the charity.
Trustees indemnity
The charitable company has arranged qualifying indemnity insurance for the Trustees.
Pay policy for key management personnel
The Trustees are the non executive board who are responsible for overviewing the operations of the charity. They appoint the Chief Executive who is in control of the management team. They set strategies and budgets, review risks and internal controls, approve salaries and assist in fundraising. The pay of the Chief Executive is reviewed annually and normally increased in accordance with market rates.
The trustees' annual report and the strategic report were approved on 1 November 2024 and signed on behalf of the board of trustees by:
Mr I Templeton (Chairman) Trustee
6
Tenterden & District Day Centre
Company Limited by Guarantee
Accountants Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Tenterden & District Day Centre
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tenterden & District Day Centre for the year ended 31 March 2024, which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes from the charity's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the board of trustees of Tenterden & District Day Centre, as a body, in accordance with the terms of our engagement letter dated 19 September 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Tenterden & District Day Centre and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tenterden & District Day Centre and its board of trustees, as a body, for our work or for this report.
It is your duty to ensure that Tenterden & District Day Centre has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tenterden & District Day Centre. You consider that Tenterden & District Day Centre is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Tenterden & District Day Centre. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
DAVID PAYNE Accountants
Sportsman Farm St Michaels Tenterden Kent TN30 6SY
7
Tenterden & District Day Centre
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Donations, Legacies, Grants & Contracts | |||||
| Donations and legacies | 5 | 157,130 | 93,253 | 250,384 | 198,748 |
| Charitable activities | 7 | 257,331 | – | 257,331 | 290,762 |
| Other trading activities | 8 | 154,903 | – | 154,903 | 127,194 |
| Investment income | 9 | 7 | – | 7 | 24 |
| Other income | 10 | 1,917 | – | 1,917 | – |
|
|
|
|
||
| Total income | 571,288 | 93,253 | 664,542 | 616,728 | |
|
|
|
|
||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 11 | 215 | – | 215 | – |
| Expenditure on charitable activities | 12,13 | 634,378 | 88,210 | 722,589 | 691,626 |
|
|
|
|
||
| Total expenditure | 634,593 | 88,210 | 722,804 | 691,626 | |
|
|
|
|
||
|
|
|
|
||
| Net expenditure and net movement | in | ||||
| funds | (63,305) | 5,043 | (58,262) | (74,898) | |
|
|
|
|
||
| Reconciliation of funds | |||||
| Total funds brought forward | 428,721 | 17,565 | 446,286 | 521,184 | |
|
|
|
|
||
| Total funds carried forward | 365,416 | 22,608 | 388,024 | 446,286 | |
|
|
|
|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 12 to 26 form part of these financial statements.
8
Tenterden & District Day Centre
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 19 | 317,867 | 370,526 |
| Current assets | |||
| Stocks | 20 | 200 | 200 |
| Debtors | 21 | 71,503 | 78,906 |
| Cash at bank and in hand | 43,098 | 57,854 | |
|
|
||
| 114,801 | 136,960 | ||
| Creditors: amounts falling due within one year | 22 | 44,643 | 61,199 |
|
|
||
| Net current assets | 70,158 | 75,761 | |
|
|
||
| Total assets less current liabilities | 388,025 | 446,287 | |
| Creditors: amounts falling due after more than one year | 23 | 1 | 1 |
|
|
||
| Net assets | 388,024 | 446,286 | |
|
|
||
| Funds of the charity | |||
| Restricted funds | 22,608 | 17,565 | |
| Unrestricted funds | 365,416 | 428,721 | |
|
|
||
| Total charity funds | 26 | 388,024 |
446,286 |
For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page. The notes on pages 12 to 26 form part of these financial statements.
9
Tenterden & District Day Centre
Company Limited by Guarantee
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of trustees and authorised for issue on 1 November 2024, and are signed on behalf of the board by:
Mr I Templeton (Chairman) Trustee
The notes on pages 12 to 26 form part of these financial statements.
10
Tenterden & District Day Centre
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Cash generated from operations | 28 | (35,675) | (33,105) |
|
|
||
| Net cash used in operating activities | (35,675) | (33,105) | |
|
|
||
| Cash flows from investing activities | |||
| Dividends, interest and rents from investments | 7 | 24 | |
| Purchase of tangible assets | (2,088) | (6,138) | |
| Proceeds from sale of tangible assets | 21,083 | 16,574 | |
|
|
||
| Net cash from investing activities | 19,002 | 10,460 | |
|
|
||
| Net decrease in cash and cash equivalents | (16,673) | (22,645) | |
| Cash and cash equivalents at beginning of year | 57,854 | 80,499 | |
|
|
||
| Cash and cash equivalents at end of year | 41,181 | 57,854 | |
|
|
The notes on pages 12 to 26 form part of these financial statements.
11
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Tenterden & District Day Centre, Church Road, Tenterden, TN30 6AT, Kent.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
Judgements and key sources of estimation uncertainty
Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 18 for the carrying amount of the property plant and equipment.
12
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
13
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property - Over the period of the lease Fixtures and fittings - 15% reducing balance Motor vehicles - 25% reducing balance Equipment - 25% reducing balance
14
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
15
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The company is a company limited by guarantee and not having a share capital. Every member of the company undertakes to contribute in a winding up a sum not exceeding £10 whilst they are a member, or within one year after ceasing to be a member, towards debts and liabilities contracted prior ceasing to be a member.
16
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
5. Donations and legacies
/
| / | ||||||
|---|---|---|---|---|---|---|
| Helping | ||||||
| Day | Disabled | Hands & | ||||
| Centre | in Action | Other | **EC30 ** | **2024 Total ** | 2023 Total | |
| £ | £ | £ | £ | £ | £ | |
| Donation receivable | 46,681 | – | – | – | 46,681 | 35,387 |
| Gift aid donations | ||||||
| receivable | 3,124 | – | – | – | 3,124 | 2,297 |
| Legacies | 490 | – | – | – | 490 | 3,904 |
|
|
|
|
|
|
|
| 50,295 | – | – | – | 50,295 | 41,588 | |
|
|
|
|
|
|
6. Grants and contracts for services and projects supporting older people
/
| Helping | ||||||
|---|---|---|---|---|---|---|
| Day | Disabled | Hands & | ||||
| Centre | in Action | Other | **EC30 ** | **2024 Total ** | 2023 Total | |
| £ | £ | £ | £ | £ | £ | |
| KCC Service level | ||||||
| agreements | – | 65,208 | – | – | 65,208 | 75,692 |
| Other grants | 100,736 | – | – | – | 100,736 | – |
| KCC self directed support | ||||||
| receipts | 34,145 | – | – | – | 34,145 | 81,468 |
|
|
|
|
|
|
|
| 134,881 | 65,208 | – | – | 200,089 | 157,160 | |
|
|
|
|
|
|
7. Charitable activities
/
| Helping | ||||||
|---|---|---|---|---|---|---|
| Day | Disabled | Hands & | ||||
| Centre | in Action | Other | **EC30 ** | **2024 Total ** | 2023 Total | |
| £ | £ | £ | £ | £ | £ | |
| Attendance fee | 22,127 | 6,439 | 1,005 | – | 29,571 | 13,685 |
| Day Centre Transport | 15,583 | 6,301 | 1,182 | – | 23,066 | 74,252 |
| Carers | – | – | 81,358 | – | 81,358 | 82,521 |
| Bathing | (97) | – | – | – | (97) | 1,704 |
| Memory | 4,696 | – | – | – | 4,696 | 125 |
| Holidays & Trips | – | 50 | – | – | 237 | 229 |
| Meals | 63,761 | – | – | – | 63,761 | 59,043 |
| COGS Club | 27,342 | – | – | – | 27,342 | 21,749 |
| Lunch Club | 18,740 | 8,657 | – | – | 27,397 | 37,454 |
|
|
|
|
|
|
|
| 152,152 | 21,447 | 83,545 | – | 257,331 | 290,762 | |
|
|
|
|
|
|
17
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
8. Other trading activities
| / | ||||||
|---|---|---|---|---|---|---|
| Helping | ||||||
| Day | Disabled | Hands & | ||||
| Centre | in Action | Other | **EC30 ** | **2024 Total ** | 2023 Total | |
| £ | £ | £ | £ | £ | £ | |
| Fundraising | 4,411 | – | – | – | 4,411 | 1,581 |
| Shop | 1,451 | – | 52,398 | 63,000 | 116,849 | 97,518 |
| Room Hire | 8,536 | – | 130 | 24,889 | 33,555 | 28,095 |
| Bingo | 88 | – | – | – | 88 | – |
|
|
|
|
|
|
|
| 14,486 | – | 52,528 | 87,889 | 154,903 | 127,194 | |
|
|
|
|
|
|
| 9. | Investment income | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Income from other investments | 7 | 7 | 24 | 24 | |
|
|
|
|
||
| 10. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Gain on disposal of intangible assets | |||||
| for charity's own use | 1,917 | 1,917 | – | – | |
|
|
|
|
||
| 11. | Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Costs of raising donations and legacies | 215 | 215 | – | – | |
|
|
|
|
18
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
12. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Social 60+ | 313,740 | 16,650 | 330,390 |
| Disability Hub | 68,582 | – | 68,582 |
| Social Hub | 77,222 | – | 77,222 |
| Charity Shop | 3,274 | – | 3,274 |
| Community Transport | 23,622 | – | 23,622 |
| Transport | 22,133 | – | 22,133 |
| East Cross 30 (EC30) | 46,787 | – | 46,787 |
| Support costs | 79,018 | 71,560 | 150,579 |
|
|
|
|
| 634,378 | 88,210 | 722,589 | |
|
|
|
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Social 60+ | 303,959 | – | 303,959 |
| Disability Hub | 60,905 | – | 60,905 |
| Social Hub | 73,289 | – | 73,289 |
| Charity Shop | 39,286 | – | 39,286 |
| Community Transport | 38,374 | – | 38,374 |
| Transport | 20,344 | – | 20,344 |
| East Cross 30 (EC30) | 4,280 | – | 4,280 |
| Support costs | 151,189 | – | 151,189 |
|
|
|
|
| 691,626 | – | 691,626 | |
|
|
|
13. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Social 60+ | 330,390 | 149,951 | 480,341 | 427,727 |
| Disability Hub | 68,582 | – | 68,582 | 64,315 |
| Social Hub | 77,222 | – | 77,222 | 81,524 |
| Charity Shop | 3,274 | 628 | 3,902 | 49,344 |
| Community Transport | 23,622 | – | 23,622 | 38,374 |
| Transport | 22,133 | – | 22,133 | 20,344 |
| East Cross 30 (EC30) | 46,787 | – | 46,787 | 9,998 |
|
|
|
|
|
| 572,010 | 150,579 | 722,589 | 691,626 | |
|
|
|
|
19
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
14. Analysis of support costs
| Social Hub | ||||
|---|---|---|---|---|
| 60+ | Social Hub | Total 2024 | Total 2023 | |
| £ | £ | £ | £ | |
| Premises | 64,006 | – | 64,006 | 62,877 |
| Communications and IT | 28,538 | – | 28,538 | 21,332 |
| Finance costs | 4,024 | 628 | 4,652 | 3,576 |
| Support costs - Book Keeping & Payroll | ||||
| Fees | 12,861 | – | 12,861 | 16,780 |
| Support costs - Accountancy Fees | 6,858 | – | 6,858 | 1,980 |
| Support costs - DepN | 33,664 | – | 33,664 | 44,642 |
|
|
|
|
|
| 149,951 | 628 | 150,579 | 151,187 | |
|
|
|
|
15. Taxation
The charity is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
16. Net expenditure
Net expenditure is stated after charging/(crediting):
| Net expenditure is stated after charging/(crediting): | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Depreciation of tangible fixed assets | 33,664 | 44,643 |
| Gains on disposal of intangible assets | (1,917) | – |
|
|
17. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 429,810 | 388,199 |
| Social security costs | 18,253 | 15,250 |
| Employer contributions to pension plans | 5,756 | 5,291 |
|
|
|
| 453,819 | 408,740 | |
|
|
The average head count of employees during the year was 34 (2023: 34). The average number of full-time equivalent employees during the year is analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Employees | 34 | 34 |
|
|
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
20
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
18. Trustee remuneration and expenses
The Trustees have not received any remuneration in the year (2023: Nil). During the year none of the Trustees had expenses reimbursed (2023: Nil)
The Trustees are the non executive Board who are responsible for over viewing the operations of the charity. They appoint the chief Executive who is in control of the management team. They set strategy and budgets, review risks and internal controls, approve salaries and assist in fund raising. As detailed above, none of the Trustees received any remuneration during the year. The remuneration to the chief executive amounted to £45,000 - ( 2023 Franklin : £44,958)
19. Tangible fixed assets
| Long | ||||||
|---|---|---|---|---|---|---|
| leasehold | Fixtures and | Motor | ||||
| property | fittings | vehicles | Equipment | Total | ||
| £ | £ | £ | £ | £ | ||
| Cost | ||||||
| At 1 April 2023 | 527,148 | 16,229 | 176,879 | 133,128 | 853,384 | |
| Additions | – | – | – | 2,088 | 2,088 | |
| Disposals | – | – | (37,481) | – | (37,481) | |
|
|
|
|
|
||
| At 31 March 2024 | 527,148 | 16,229 | 139,398 | 135,216 | 817,991 | |
|
|
|
|
|
||
| Depreciation | ||||||
| At 1 April 2023 | 239,385 | 4,504 | 141,282 | 97,687 | 482,858 | |
| Charge for the year | 18,894 | 1,759 | 3,629 | 9,382 | 33,664 | |
| Disposals | – | – | (16,398) | – | (16,398) | |
|
|
|
|
|
||
| At 31 March 2024 | 258,279 | 6,263 | 128,513 | 107,069 | 500,124 | |
|
|
|
|
|
||
| Carrying amount | ||||||
| At 31 March 2024 | 268,869 | 9,966 | 10,885 | 28,147 | 317,867 | |
|
|
|
|
|
||
| At 31 March 2023 | 287,763 | 11,725 | 35,597 | 35,441 | 370,526 | |
|
|
|
|
|
||
| 20. | Stocks | |||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Raw materials and consumables | 200 | 200 | ||||
|
|
|||||
| 21. | Debtors | |||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Trade debtors | 71,503 | 78,906 | ||||
|
|
21
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
22. Creditors: amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 16,607 | 52,479 |
| Accruals and deferred income | 2,079 | 1,980 |
| Social security and other taxes | 25,957 | 6,740 |
|
|
|
| 44,643 | 61,199 | |
|
|
|
| Creditors: amounts falling due after more than one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Obligations under finance leases and hire purchase contracts | 1 | 1 |
|
|
23. Creditors: amounts falling due after more than one year
24. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Less: future finance charges | 1 | 1 |
|
|
|
| Present value of minimum lease payments | 1 |
1 |
25. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,756 (2023: £5,291).
22
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
26. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 April 2023 | Income | Expenditure | Transfers | 31 March 2024 | |
| £ | £ | £ | £ | £ | |
| General funds | 130,476 | 571,288 | (600,929) | (53,286) | 47,549 |
| Fixed Asset Fund | 295,477 | – | (33,664) | 56,054 | 317,867 |
| Charity Shop | |||||
| Improvements | 2,768 | – | – | (2,768) | – |
|
|
|
|
|
|
| 428,721 | 571,288 | (634,593) | – | 365,416 | |
|
|
|
|
|
|
| At | At | ||||
| 1 April 2022 | Income | Expenditure | Transfers | 31 March 2023 | |
| £ | £ | £ | £ | £ | |
| General funds | 162,704 | 614,756 | (646,984) | – | 130,476 |
| Fixed Asset Fund | 340,119 | – | (44,642) | – | 295,477 |
| Charity Shop | |||||
| Improvements | 2,768 | – | – | – | 2,768 |
|
|
|
|
|
|
| 505,591 | 614,756 | (691,626) | – | 428,721 | |
|
|
|
|
|
|
| Restricted funds | |||||
| At | |||||
| At 1 April 2023 | Income | Expenditure | Transfers | 31 March 2024 | |
| £ | £ | £ | £ | £ | |
| Lights for Wheels Chairs | |||||
| (RF3) | 500 | – | (500) | – | – |
| Meals of Wheels (RF7) | 4,639 | – | (4,639) | – | – |
| Tesco Blue Token | |||||
| (RF11) | 1,546 | – | (1,546) | – | – |
| Electric Vehicle (RF 16) | 205 | – | (205) | – | – |
| Active Baby Coach | |||||
| (RF17) | 10,675 | – | (10,675) | – | – |
23
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
| 26. Analysis of charitable funds (continued) |
26. Analysis of charitable funds (continued) |
||||
|---|---|---|---|---|---|
| Lottery Funding (RF20) | – | 30,000 | (21,636) | – | 8,364 |
| Weston (RF21) | – | 10,000 | (6,045) | – | 3,955 |
| Dementia Co- Ordinator | |||||
| (RF22) | – | 18,095 | (13,140) | – | 4,955 |
| Collyer Ferguson (RF23) | – | 15,000 | (15,000) | – | – |
| Innovations Foundation | |||||
| (RF24) | – | 9,293 | (4,799) | – | 4,494 |
| Kent Community Fund | |||||
| (RF25) | – | 4,000 | (3,160) | – | 840 |
| KCC Grant (RF26) | – | 1,000 | (1,000) | – | – |
| Mercers & Co (RF27) | – | 5,000 | (5,000) | – | – |
| Tenterden Town Council | |||||
| (RF28) | – | 865 | (865) | – | – |
|
|
|
|
|
|
| 17,565 | 93,253 | (88,210) | – | 22,608 | |
|
|
|
|
|
|
| At 1 April 2022 | Income | Expenditure | Transfers At | 31 March 2023 | |
| £ | £ | £ | £ | £ | |
| Lights for Wheels Chairs | |||||
| (RF3) | 500 | – | – | – | 500 |
| Meals of Wheels (RF7) | 4,639 | – | – | – | 4,639 |
| Tesco Blue Token | |||||
| (RF11) | 1,546 | – | – | – | 1,546 |
| Electric Vehicle (RF 16) | 205 | – | – | – | 205 |
| Active Baby Coach | |||||
| (RF17) | 8,703 | 1,972 | – | – | 10,675 |
| Lottery Funding (RF20) | – | – | – | – | – |
| Weston (RF21) | – | – | – | – | – |
| Dementia Co- Ordinator | |||||
| (RF22) | – | – | – | – | – |
| Collyer Ferguson (RF23) | – | – | – | – | – |
| Innovations Foundation | |||||
| (RF24) | – | – | – | – | – |
| Kent Community Fund | |||||
| (RF25) | – | – | – | – | – |
| KCC Grant (RF26) | – | – | – | – | – |
| Mercers & Co (RF27) | – | – | – | – | – |
| Tenterden Town Council | |||||
| (RF28) | – | – | – | – | – |
|
|
|
|
|
|
| 15,593 | 1,972 | – | – | 17,565 | |
|
|
|
|
|
24
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
26. Analysis of charitable funds (continued)
Lottery Funding
General support for the Hub ---------Weston
General support for the Hub
--------Dementia Co-Ordinator Dementia Co- Ordinator employee
--------Collyer Ferguson
Set up EC30 for community benefit
Innovations Foundation
Support for Dementia in the community
Kent Community Fund Funding for volunteers
KCC Grant - Cllr Mike Hill
Roof repairs
Mercers Co
IT equipment for members
Tenterden Town Council
General support for EC30
25
Tenterden & District Day Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
27. Analysis of net assets between funds
| Unrestricted | Restricted | Endowment | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | |
| £ | £ | £ | £ | |
| Tangible fixed assets | – | – | 317,867 | 317,867 |
| Current assets | 93,619 | 22,610 | – | 116,229 |
| Creditors less than 1 year | (46,072) | – | – | (46,072) |
|
|
|
|
|
| Net assets | 47,547 | 22,610 | 317,867 | 388,024 |
|
|
|
|
|
| Unrestricted | Restricted | Endowment | Total Funds | |
| Funds | Funds | Funds | 2023 | |
| £ | £ | £ | £ | |
| Tangible fixed assets | – | – | 370,526 | 370,526 |
| Current assets | 119,393 | 17,565 | – | 136,958 |
| Creditors less than 1 year | (61,199) | – | – | (61,199) |
|
|
|
|
|
| Net assets | 58,194 | 17,565 | 370,526 | 446,285 |
|
|
|
|
|
| Cash generated from operations | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Net expenditure | (58,262) | (74,898) | ||
| Adjustments for: | ||||
| Depreciation of tangible fixed assets | 33,664 | 44,643 | ||
| Dividends, interest and rents from investments | (7) | (24) | ||
| Gains on disposal of intangible assets | (1,917) | – | ||
| Accrued expenses | 99 | – | ||
| Changes in: | ||||
| Trade and other debtors | 7,403 | (34,713) | ||
| Trade and other creditors | (16,655) | 31,887 | ||
|
|
|||
| (35,675) | (33,105) | |||
|
|
28. Cash generated from operations
29. Analysis of changes in net debt
| At | |||
|---|---|---|---|
| At 1 Apr 2023 | Cash flows | 31 Mar 2024 | |
| £ | £ | £ | |
| Cash at bank and in hand | 57,854 | (14,756) | 43,098 |
| Debt due after one year | (1) | – | (1) |
|
|
|
|
57,853 |
(14,756) |
43,097 |
26