**REGISTERED COMPANY NUMBER: 06601430 (England and Wales) REGISTERED CHARITY NUMBER: 1125439**
**Report of the Trustees and**
**Unaudited Financial Statements**
**for the Year Ended 31 March 2024**
## **for**
**The Grocott Centre Limited**
Paterson Brodie Limited Chartered Certified Accountants Cliveden Chambers Cliveden Place Longton Stoke-on-Trent Staffordshire ST3 4JB
**The Grocott Centre Limited**
## **Contents of the Financial Statements for the Year Ended 31 March 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**|6|to|7|
|**Notes to the Financial Statements**|8|to|16|
|**Detailed Statement of Financial Activities**|17|to|18|
**The Grocott Centre Limited**
## **Report of the Trustees 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 trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's principal activities are the provision of community-based day opportunities and services for adults with learning disabilities and additional needs. The organisation's activities are aimed at adults of all ages from North Staffordshire and adjoining areas.
Services available to service users currently comprise day opportunities for any adults with learning disabilities, covering support with all aspects of independent living skills, personal development, enabling people to be active members of the community.
## **Principal activities, trading review and future developments**
The charities principal activity is the provision of day opportunities for people with learning disabilities, and additional needs that attend the organisation's services. The organisation's activities are aimed at adults of all ages from North Staffordshire and adjoining areas.
The results incorporate the activities of its predecessor, The Grocott Centre, now renamed The Grocott Centre Endowed Fund and the net incoming resources for the year ended 31st March 2024 are also included in the consolidated result. The result for the year was a net loss of £71,185: (2023 loss £76,181) and has been deducted from total reserves. There was a transfer of £95 from the endowment fund to the unrestricted fund being the excess over the original endowment of £135,786 generated by growth which can be used by the charity for the benefit of the charity, this has resulted in a negative balance of £6,939 on the unrestricted fund. This was cleared with a transfer from the Endowment funds 8th May 2024 when the Charity Commission agreed to the fund becoming unrestricted under s.282 of the Charities Act 2011.
This year has seen continued investment in the development of our new model and approach to services, focusing on Adults with Learning Disabilities, our aim is to change the emphasis for people with a learning disability from people who need care services, to people who with the right approach and support can utilize their strengths, skills and abilities to work, volunteer, contribute and be active, valued and equal citizens in their communities.
We have developed links with the local and wider community, schools and colleges, are exploring partnership and collaborative working, engaging in initiatives and looking to create opportunities for our members. We continue to see significant benefits for our members of being community based and going forward we will continue to consolidate our learning and further develop our model and approach. In November 2023 we took on the catering provision of Willow Barns Extra Care Facility and now provide a much needed catering service to the residents and are also able to take forward our planned development of training and supported volunteering placements in catering and hospitality for our learners.
## **Public benefit**
By carrying out our objectives and activities, the trustees consider that they have complied with the Charity Commission's public benefit guidance when exercising any powers and duties to which the guidance is relevant.
## **Fund raising**
Our fund raising activities are targeted to specific projects and the level of fund raising is therefore dependent on the number and scale of projects planned.
Page 1
**The Grocott Centre Limited**
## **Report of the Trustees for the Year Ended 31 March 2024**
## **FINANCIAL REVIEW**
## **Results**
There was a net loss on activities for the year of £71,185 compared to a loss of £76,181 for 2023. Total income decreased by £11,029 to £82,698, due to no grants being received this year, last year they totalled £19,146. Total expenditure was £153,883, a decrease of £16,025.
Overall bank and cash balances were £127,935, a decrease of £74,357 in the year.
## **Reserves policy**
The events of recent years and the decision to invest in a community-based model have had an effect upon the reserves of the Charity and the trustees are aware that it will be imperative that we maintain income to ensure that we are able to have in reserves funding of at least one year to cover our expenses of £100K approximately. Our current reserves are in excess of this figure.
## **EVENTS SINCE THE END OF THE YEAR**
Information relating to events since the end of the year is given in the notes to the financial statements.
With the support of Blurton Hub trustees having themselves decided not to pursue a transfer, in February 2024 we submitted a business plan for the community asset transfer of Blurton Community Hub which was approved by the local authority. From 01.08.24 we have been operating the hub under licence whilst the 25-year lease was drafted and agreed, that is now finalised and awaiting the completion date which we anticipate being early 2025.
In line with the above and our plans to review the organisation's structure, aims and objectives, and working name the trustees passed a resolution on 11.04.24 to dissolve the Grocott Centre Endowed Fund and close the linked charity, charity commission consent was sought, and they concurred with our decision.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
A trustee can propose the appointment of a trustee, on a proposal a vote shall be taken, and approval shall be obtained through a simple majority. A DBS check will be undertaken and if accepted, the applicant will then be co-opted onto the board and be asked to attend the next board meeting of the year until they stand for election at the next Annual General Meeting.
## **Induction and training of new trustees**
The aim of the organisations' training policy is to ensure that staff gain the knowledge and skills necessary for their job role. All staff receive mandatory training as well as specialist training specific to their role. Staff training and development needs are constantly assessed throughout their employment and training is followed up by formal observations.
## **Trustees**
The trustees remained in place during the course of the year except as noted on page 3.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
06601430 (England and Wales)
## **Registered Charity number**
1125439
Page 2
**The Grocott Centre Limited**
## **Report of the Trustees**
## **for the Year Ended 31 March 2024**
## **Registered office**
Cliveden Chambers Cliveden Place Longton Stoke on Trent Staffordshire ST3 4JB
## **Trustees**
Mrs D Campbell CEO M Swistek N MacDonald C Eccles co-opted
## **Independent Examiner**
Paul Scriven FCCA Paterson Brodie Limited Chartered Certified Accountants Cliveden Chambers Cliveden Place Longton Stoke-on-Trent Staffordshire ST3 4JB
## **Patron**
The Rt Hon The Lord Stafford DL, FRAgS
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 17 December 2024 and signed on its behalf by:
Mrs D Campbell - Trustee
Page 3
**Independent Examiner's Report to the Trustees of The Grocott Centre Limited**
## **Independent examiner's report to the trustees of The Grocott 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 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
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.
Paul Scriven FCCA
Paterson Brodie Limited Chartered Certified Accountants Cliveden Chambers Cliveden Place Longton Stoke-on-Trent Staffordshire ST3 4JB
17 December 2024
Page 4
**The Grocott Centre Limited**
## **Statement of Financial Activities for the Year Ended 31 March 2024**
|Unrestricted
fund
Notes
£
**INCOME AND**
**ENDOWMENTS FROM**
Donations and legacies
2
1,385
**Charitable activities**
Catering income
17,172
Day care facilities
57,281
Other trading activities
3
4,491
Investment income
4
1,674
Other income
600
**Total**
82,603
**EXPENDITURE ON**
Raising funds
5,460
**Charitable activities**
Catering income
15,396
Day care facilities
133,027
**Total**
153,883
**NET**
**INCOME/(EXPENDITURE)**
(71,280)
**Transfers between funds**
16
95
**Net movement in funds**
(71,185)
**RECONCILIATION OF**
**FUNDS**
Total funds brought forward
64,246
**TOTAL FUNDS CARRIED**
**FORWARD**
(6,939)|Restricted
Endowment
funds
funds
£
£
-
-
-
-
-
-
-
-
-
95
-
-
-
95
-
-
-
-
-
-
-
-
-
95
-
(95)
-
-
-
135,786
-
135,786|31.3.24
Total
funds
£
1,385
17,172
57,281
4,491
1,769
600
82,698
5,460
15,396
133,027
153,883
(71,185)
-
(71,185)
200,032
128,847|31.3.23
Total
funds
£
20,036
10,506
59,406
2,865
389
525
93,727
4,604
13,533
151,771
169,908
(76,181)
-
(76,181)
276,213
200,032|
|---|---|---|---|
The notes form part of these financial statements
Page 5
**The Grocott Centre Limited**
## **Balance Sheet**
## **31 March 2024**
|Notes
**FIXED ASSETS**
Tangible assets
10
Investments
11
**CURRENT ASSETS**
Debtors
12
Cash at bank
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Endowment funds
**TOTAL FUNDS**|31.3.24
£
769
1,139
1,908
7,320
127,935
135,255
(8,316)
126,939
128,847
128,847
(6,939)
135,786
128,847|31.3.23
£
1,283
1,044
2,327
7,611
202,292
209,903
(12,198)
197,705
200,032
200,032
64,246
135,786
200,032|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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
Page 6
continued...
**The Grocott Centre Limited**
## **Balance Sheet - continued 31 March 2024**
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 17 December 2024 and were signed on its behalf by:
D Campbell - Trustee
The notes form part of these financial statements
Page 7
**The Grocott Centre Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **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. Grants receivable, including government grants relating to Covid-19 support schemes, are recognised in the accounts on an accruals basis. Recognition occurs from the date of entitlement and when the charity has complied with all conditions attached to the grant. Donations, gifts and fund raising are recognised in the accounts when received. Gifts in kind are valued at their value to the charity. Legacies are included when the full amount has been received. All other income is recognised when receivable.
## **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.
## **Allocation and apportionment of costs**
The support costs of the charity which includes wages and salaries, premises costs, telephone, printing, postage, stationery, equipment hire, subscriptions, training and insurance are allocated based on the level of activity. The percentages applied are as follows:
|Direct charitable expenditure|95%|
|---|---|
|Fundraising and publicity|2.5%|
|Governance costs|2.5%|
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Motor vehicles|- 25% on cost|
|---|---|
|Computer equipment|- 20% 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.
Endowment funds consist of a permanent endowment, The Manor House Fund. Income from the endowment is allocated to the activities of the charity.
continued...
Page 8
**The Grocott Centre Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
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.
## **Leasing commitments**
Rentals paid under operating leases are charged to profit and loss as they are due.
## **Company status**
The charity is a company limited by guarantee. The members of the company are the trustees named on page 3. In the event of the charity being wound up the liability in respect of the guarantee is limited to £1 per member of the charity.
## **2. DONATIONS AND LEGACIES**
|31.3.24
£
Donations
1,385
Grants - other local government related Covid-19 grants
-
Grants - other local government
-
1,385
Grants received, included in the above, are as follows:
31.3.24
£
SOT Council
-
**3.**
**OTHER TRADING ACTIVITIES**
31.3.24
£
Fundraising events
4,491
**4.**
**INVESTMENT INCOME**
31.3.24
£
Endowment funds - dividends received
30
Endowment funds - increase/ (decrease) in market value of investments
95
Deposit account interest
1,644
1,769|31.3.24
£
Donations
1,385
Grants - other local government related Covid-19 grants
-
Grants - other local government
-
1,385
Grants received, included in the above, are as follows:
31.3.24
£
SOT Council
-
**3.**
**OTHER TRADING ACTIVITIES**
31.3.24
£
Fundraising events
4,491
**4.**
**INVESTMENT INCOME**
31.3.24
£
Endowment funds - dividends received
30
Endowment funds - increase/ (decrease) in market value of investments
95
Deposit account interest
1,644
1,769|31.3.23
£
890
9,486
9,660
20,036|31.3.23
£
890
9,486
9,660
20,036|
|---|---|---|---|
||31.3.24||31.3.23|
||£||£|
||-||19,146|
|||||
|||||
|||31.3.23
£
2,865
31.3.23
£
30
(41)
400
389||
continued...
Page 9
**The Grocott Centre Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **5. NET INCOME/(EXPENDITURE)**
Net (expenditure) is stated after charging/(crediting):
||31.3.24|31.3.23|
|---|---|---|
||£|£|
|Depreciation - owned assets|514|514|
|Operating lease costs|18,625|20,021|
||||
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
Mrs Debbie Campbell, a trustee of the charity, received remuneration in relation to her role as Chief Executive Officer. No remuneration was paid in relation to her role as a trustee of the charity. There was no other remuneration or benefits paid to trustees for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **7. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||31.3.24|31.3.23|
|---|---|---|
|Management & operational staff|6|5|
No employees received emoluments in excess of £60,000.
## **8.**
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
Endowment
fund
funds
funds
£
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
20,036
-
-
**Charitable activities**
Catering income
10,506
-
-
Day care facilities
59,406
-
-
Other trading activities
2,865
-
-
Investment income
430
-
(41)
Other income
525
-
-
**Total**
93,768
-
(41)
**EXPENDITURE ON**
Raising funds
4,604
-
-
**Charitable activities**
Catering income
13,533
-
-
Day care facilities
151,771
-
-
**Total**
169,908
-
-|Total
funds
£
20,036
10,506
59,406
2,865
389
525|
|---|---|
||93,727|
||4,604
13,533
151,771|
||169,908|
continued...
Page 10
**The Grocott Centre Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|Unrestricted
fund
£
**NET INCOME/(EXPENDITURE)**
(76,140)
**Transfers between funds**
78,415
**Net movement in funds**
2,275
**RECONCILIATION OF FUNDS**
Total funds brought forward
61,971
**TOTAL FUNDS CARRIED FORWARD**
64,246|Restricted
Endowment
funds
funds
£
£
-
(41)
(21,799)
(56,616)
(21,799)
(56,657)
21,799
192,443
-
135,786|Total
funds
£
(76,181)
-
(76,181)
276,213
200,032|
|---|---|---|
## **9. THE GROCOTT CENTRE ENDOWED FUND**
Endowment funds consist of a permanent endowment, The Manor House Fund, which was received from the Newcastle Centre for the Physically Handicapped in 2001/2002. It consisted of shares in Charinco and Charinshare investments together with the cash proceeds of the sale of the Manor House property. Income from the endowment is allocated to the activities of the charity. In 2008 approval was received from the Charity Commission for a scheme to incorporate the endowment funds within the limited company charity. The scheme was a uniting direction that the Grocott Centre Endowed Fund (formerly The Grocott Centre) be treated as forming part of the incorporated charity, The Grocott Centre Limited, for the purposes of Part II (registration) and Part IV (accounting) of the Charities Act 1993.
In 2012 the majority of the endowment fund's investments were sold and the proceeds were applied to the costs of relocating the charity's operations to Heron Cross House. In the event of the winding up of the charity the original amount of £135,786 would be repayable to the endowment fund.
At the balance sheet date the amount outstanding was £135,786 (2023 - £135,786).
The Charity passed a special resolution 11th April 2024 that the Charity Commission authority be sought to dissolve the permanent endowment fund, allowing the funds to be utilised as unrestricted funds. A letter was received from the Charity Commission 8th May 2024 concurring with the trustees' resolution under S.282 of the Charities Act 2011.
## **10. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2023 and 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023|Motor
Computer
vehicles
equipment
£
£
15,949
2,568
15,949
1,285
-
514
15,949
1,799
-
769
-
1,283|Totals
£
18,517|
|---|---|---|
|||17,234
514|
|||17,748|
|||769|
|||1,283|
continued...
Page 11
**The Grocott Centre Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **11. FIXED ASSET INVESTMENTS**
|**11.**|**FIXED ASSET INVESTMENTS**|||
|---|---|---|---|
||||Listed|
||||investments|
||||£|
||**MARKET VALUE**|||
||At 1 April 2023||1,044|
||Revaluations||95|
||At 31 March 2024||1,139|
||**NET BOOK VALUE**|||
||At 31 March 2024||1,139|
||At 31 March 2023||1,044|
||There were no investment assets outside the UK.|||
||Cost or valuation at 31 March 2024 is represented by:|||
||||Listed|
||||investments|
||||£|
||Valuation in 2023||1,044|
||Valuation in 2024||95|
||||1,139|
|**12.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||31.3.24|31.3.23|
|||£|£|
||Trade debtors|4,530|3,420|
||Prepayments and accrued income|2,790|4,191|
|||7,320|7,611|
continued...
Page 12
**The Grocott Centre Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||31.3.24|31.3.23|
|---|---|---|
||£|£|
|Social security and other taxes|2,014|2,196|
|Accruals and deferred income|6,302|10,002|
||8,316|12,198|
## **14. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
||31.3.24|31.3.23|
|---|---|---|
||£|£|
|Within one year|494|5,581|
|Between one and five years|206|700|
||700|6,281|
The charity also has a rental agreement in respect of the property, on which it is required to give three months notice to terminate the agreement. The monthly rent is variable, but was £900 for March 2024.
## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Unrestricted
fund
£
Fixed assets
769
Investments
-
Current assets
608
Current liabilities
(8,316)
(6,939)
**16.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Endowment funds**
Manor House fund
**TOTAL FUNDS**|Restricted
Endowment
funds
funds
£
£
-
-
-
1,139
-
134,647
-
-
-
135,786
Net
movement
At 1.4.23
in funds
£
£
64,246
(71,280)
135,786
95
200,032
(71,185)|31.3.24
Total
funds
£
769
1,139
135,255
(8,316)
128,847
Transfers
between
funds
£
95
(95)
-|31.3.23
Total
funds
£
1,283
1,044
209,903
(12,198|
|---|---|---|---|
||||200,032|
||||At
31.3.24
£
(6,939
135,786|
||||128,847|
continued...
Page 13
**The Grocott Centre Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **16. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
82,603
**Endowment funds**
Manor House fund
95
**TOTAL FUNDS**
82,698
**Comparatives for movement in funds**
Net
movement
At 1.4.22
in funds
£
£
**Unrestricted funds**
General fund
61,971
(76,140)
**Restricted funds**
Community Hub project
21,799
-
**Endowment funds**
Manor House fund
192,443
(41)
**TOTAL FUNDS**
276,213
(76,181)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
93,768
**Endowment funds**
Manor House fund
(41)
**TOTAL FUNDS**
93,727|Resources
Movement
expended
in funds
£
£
(153,883)
(71,280)
-
95
(153,883)
(71,185)
Transfers
between
At
funds
31.3.23
£
£
78,415
64,246
(21,799)
-
(56,616)
135,786
-
200,032
Resources
Movement
expended
in funds
£
£
(169,908)
(76,140)
-
(41)
(169,908)
(76,181)|
|---|---|
continued...
Page 14
**The Grocott Centre Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **16. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Community Hub project
**Endowment funds**
Manor House fund
**TOTAL FUNDS**|At 1.4.22
£
61,971
21,799
192,443
276,213|Net
movement
in funds
£
(147,420)
-
54
(147,366)|Transfers
between
funds
£
78,510
(21,799)
(56,711)
-|At
31.3.24
£
(6,939)
-
135,786
128,847|
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Endowment funds**
Manor House fund
**TOTAL FUNDS**|Incoming
resources
£
176,371
54
176,425|Resources
Movement
expended
in funds
£
£
(323,791)
(147,420)
-
54
(323,791)
(147,366)|
|---|---|---|
## **Unrestricted funds**
This was cleared with a transfer from the Endowment funds 8th May 2024 when the Charity Commission agreed to the fund becoming unrestricted under s.282 of the Charities Act 2011.
## **Restricted funds - Community Hub project**
Represented an amount received to help improve bathroom facilities and purchase additional catering equipment. The project enabled us to offer support, services and facilities to members of the wider community by the provision of lunch clubs, social groups and hobby and interest sessions.
This year the balance has been transferred to general as all the monitoring requirements have been met and there is no requirement to repay any of the funds.
## **Endowment funds - Manor House fund**
There was a transfer of £95 from the endowment fund to the unrestricted fund being the excess over the original endowment of £135,786 generated by growth which can be used by the charity for the benefit of the charity. The Charity passed a special resolution 11th April 2024 that the Charity Commission authority be sought to dissolve the permanent endowment fund, allowing the funds to be utilised as unrestricted funds. A letter was received from the Charity Commission 8th May 2024 concurring with the trustees' resolution under S.282 of the Charities Act 2011.
Page 15
continued...
**The Grocott Centre Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **17. CONTINGENT LIABILITIES**
In the opinion of the trustees of the charity at 31st March 2023 there were no contingent liabilities or contractual liabilities. It should be noted however that as a result of the sale of Sanderson House in October 2020 there may be a possibility that under the terms of the grant of £26,000 made in 2019 part or all of this may be subject to repayment to Stoke City Council at some time in the future.
## **18. RELATED PARTY DISCLOSURES**
During the year there were purchases of £11,620 from a company that a trustee is a trustee of, there were payments of £1,749 made to a trustee for services provided during last year, the contract to provide these services was agreed and in place prior to them becoming a trustee.
Page 16
## **The Grocott Centre Limited**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants - other local government
related Covid-19 grants
Grants - other local government
**Other trading activities**
Fundraising events
**Investment income**
Endowment funds - dividends
received
Endowment funds - increase/
(decrease) in market value of
investments
Deposit account interest
**Charitable activities**
Day care charges
Catering income
Sundry income
**Other income**
Other income
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Wages
Other costs
Fundraising expenses
Depreciation of tangible fixed
assets|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2024**
31.3.24
31.3.23
Unrestricted
Restricted
Endowment
Total
Total
funds
funds
funds
funds
funds
£
£
£
£
£
1,385
-
-
1,385
890
-
-
-
-
9,486
-
-
-
-
9,660
1,385
-
-
1,385
20,036
4,491
-
-
4,491
2,865
30
-
-
30
30
-
-
95
95
(41)
1,644
-
-
1,644
400
1,674
-
95
1,769
389
49,803
-
-
49,803
58,784
17,172
-
-
17,172
10,506
7,478
-
-
7,478
622
74,453
-
-
74,453
69,912
600
-
-
600
525
82,603
-
95
82,698
93,727
2,627
-
-
2,627
2,804
1,084
-
-
1,084
1,221
1,736
-
-
1,736
566
13
-
-
13
13
5,460
-
-
5,460
4,604|
|---|---|
This page does not form part of the statutory financial statements
Page 17
## **The Grocott Centre Limited**
|**Other trading activities**
**Charitable activities**
Wages
Social security
Pensions
Telephone
Sundries
Catering
Activities
Premises
Printing, postage & stationery
Transport, travel & subsistence
Equipment hire, repairs &
renewals
Training and other employee
costs
Legal & professional
Bad debts
Proportion of other costs
allocated to Other Trading
Activities
Proportion of other costs
allocated to Governance costs
Depreciation of tangible fixed
assets
**Support costs**
**Governance costs**
Wages
Other costs
Bank charges
Depreciation of tangible fixed
assets
Total resources expended
**Net expenditure**|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2024**
31.3.24
31.3.23
Unrestricted
Restricted
Endowment
Total
Total
funds
funds
funds
funds
funds
£
£
£
£
£
90,034
-
-
90,034
101,546
2,514
-
-
2,514
3,185
9,716
-
-
9,716
8,908
1,425
-
-
1,425
1,283
2,885
-
-
2,885
2,200
8,472
-
-
8,472
6,437
3,136
-
-
3,136
6,005
21,113
-
-
21,113
25,261
29
-
-
29
399
1,929
-
-
1,929
1,082
376
-
-
376
341
1,376
-
-
1,376
2,227
3,065
-
-
3,065
3,623
75
-
-
75
425
(1,084)
-
-
(1,084)
(1,221)
(1,084)
-
-
(1,084)
(1,221)
488
-
-
488
488
144,465
-
-
144,465
160,968
2,627
-
-
2,627
2,804
1,084
-
-
1,084
1,221
234
-
-
234
298
13
-
-
13
13
3,958
-
-
3,958
4,336
153,883
-
-
153,883
169,908
(71,280)
-
95
(71,185)
(76,181)|
|---|---|
This page does not form part of the statutory financial statements
Page 18