Registered number: 06533051 Charity number: 1126049
Cheam Priory Day Centre
(A company limited by guarantee)
Unaudited
Trustees' report and financial statements For the year ended 31 March 2022
Cheam Priory Day Centre
(A company limited by guarantee)
Contents
| Page | |
|---|---|
| Reference and administrative details of the charity, its Directors and Trustees and | 1 |
| advisers | |
| Trustees' report | 2 - 4 |
| Trustees' responsibilities statement | 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 22 |
Cheam Priory Day Centre
(A company limited by guarantee)
Reference and administrative details of the charity, its Directors and Trustees and advisers For the year ended 31 March 2022
Directors and Trustees
Mr R W Daniels (deceased February 2022)
Mrs M A Johnston Rev N W Leggett Mr A R Lewis Mr M W Markan
Mr P J Trower
Company registered number
06533051
Charity registered number
1126049
Registered office
316 Malden Road, Cheam, Sutton, Surrey, SM3 8EP
President
The Mayor of the London Borough of Sutton
Independent Examiner
Kreston Reeves LLP, 9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ
Page 1
Cheam Priory Day Centre
(A company limited by guarantee)
Trustees' report For the year ended 31 March 2022
The Trustees present their annual report together with the financial statements of the charity for the year 1 April 2021 to 31 March 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The objectives of the charity which were revised in March 2014 are "To promote the welfare of the aged in any manner which now is or hereafter may be deemed by law to be charitable for those living within a reasonable distance of the charity's facilities. In particular to provide day care facilities for the elderly and also for those of any age who are affected by dementia or related conditions".
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Main activities undertaken to further the charity's purposes for the public benefit
Our main activities are available to all of the elderly living within the London Borough of Sutton (LBS) regardless of race or creed. Whilst we now mainly have fee paying clients, those unable to pay the fee can be referred through London Borough of Sutton Social Services who will provide a financial assessment and if appropriate will provide assistance via the direct payments scheme; many are thus able to benefit free of charge or at least receive assistance with the fees.
In planning our activities the trustees always consider the public benefit requirement and ensure that services offered all meet this criteria.
Page 2
Cheam Priory Day Centre (A company limited by guarantee)
Trustees' report (continued) For the year ended 31 March 2022
Achievements and performance
a. Review of activities
It is with immense pleasure that I report on an extraordinary successful year, particularly as it followed on from one that needed government help to survive because of the pandemic. This is indeed the highest rate of return since I became Treasurer in 2010 and the cash reserves have risen by over 60%, which gives our Capital Reserve Account a substantial and much needed boost. This has all been down to Carol and her amazing staff who have had to negotiate huge challenges to achieve these results. These challenges have not gone away. Covid is still very much a threat, and the cost-of-living crisis is placing extra pressure on cost, particularly on our transport and utilities. However, I am cautiously optimistic year 2021/22 was not a one-off and these hurdles can once more be cleared in year 2022/23.
Ron Daniels
Mr. Ron Daniels, who served as a Board Trustee for 12 years, very sadly died in the year. He contributed greatly to the Day Centre, regularly attending Board meetings, and playing a key role in the Centre's development and strategic direction. The Board paid tribute to him, also recognising the huge amount of work Mr Daniels had conducted locally, nationally, and internationally in Rotary. That work had helped literally thousands in need. The Board were pleased that Mrs Helena Daniels was able to be present at the 50th anniversary celebrations.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
b. Reserves policy
At the year end total unrestricted funds of £160,967 (2021 - £111,839) were comprised of £84,048 general funds and £76,919 designated funds (as at 31 March 2021 these were £39,519 and £72,320 respectively).
At the year end £nil was held in restricted funds for major capital replacement (31 March 2021 - £nil).
At the year end £2,852 (31 March 2021 - £2,852) was held in restricted funds in regards to the Magic Table Fund.
General funds include £38,339 (31 March 2021 - £40,846) tied up in fixed assets held for charitable use.
Free reserves are funds available to meet shortfalls in income and to finance unexpected expenditure and fixed asset purchases. Free reserves include designated funds but exclude amounts tied up in fixed assets. At 31 March 2022 free reserves were £122,628 (2021 - £70,993).
The trustees have a policy to designate funds for fixed asset replacement. An amount equivalent to the value of the depreciation charged in the year is transferred from general funds into these designated funds. When new fixed assets are purchased, an amount is transferred from these funds into general funds.
Page 3
Cheam Priory Day Centre IA company limited by guarantee) Trustees. report (continued) For the year ended 31 March 2022 . Covid-19 The ntre had to dose for 4 days in March because of staff shortages due to Covid. No grants or rent rebates due to Cowd were issued during the year 2021r22. The Centre continues to monitor the situation on a daldaY basis and will take apppriate action when necessary. structure. governance and management a. Constitution Cheam Priory Day Centre is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. b. Methods of appointment or election of Trustees The tnjstees who served during the year and in the period up to the dale of approval of this report are shown on page 1. The tfustees are also the directors of the Mpany. The tnjslees. President and Exe(xJtive Committee are appointed in accordance with the Memorandum and Articles of Associats"on. Inductson and training of Inee$ is undertaken on an individual basis as and when appropriate. Approved by order of the rnernbers of the iK)ard of Trustees and signed on their behalf by. MTS M A Johnston Trustee Da*e= 2717122 Page 4
Cheam Priory Day Centre IA company limited by guarantee) Statement of Trustees. Tesponsibilities For the year Ènded 31 March 2022 The Trustees (who are also the directors of the charity for the purposes of company lawl are resporisible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kirkgdom Accounting Standards (Uniled Kingdom Gererally Accepted Accounting Practice). Company law requires the Ttustees to prepare finarKial statents for each financtal . Under company law. the Trustees musl nol approve the Iinancial staternents unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of ils incoming resour and application of resoufces, including ils income ar expenditure, for that perKxJ. In preparing these financial slalements. the Truslees are required to- select sultate acc(MJfbb'ng wlicies and then appty them consistently. observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent". state whether applicable UK Accounting Stsndards (FRS 1021 have been followed, subj-ect to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will conts.nue in bu&nes The Trustees are responsible for keeping adequate 8ccounting records that are sufficient lo show and explain the charity's transactions and disclose wtth reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial stalewnents comply wth the Companies Act 2006. They are also responsible for safeguarding Ihe assets of the charty and hence for taking reasonable steps for the prevenlion armj detecbon of fraud and other Irregulatities. Approved by order of the members of the board of Trustees and signed on its behaff by.. Mrs M A Johnston Page 5
Cheam Priory Day Centre
(A company limited by guarantee)
Independent examiner's report
For the year ended 31 March 2022
Independent examiner's report to the Trustees of Cheam Priory Day Centre ('the charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2022.
Responsibilities and basis of report
As the Trustees of the charity (and 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 charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts 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 the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, 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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Signed: Dated: 2 August 2022
Lucy Hammond, FCA
Kreston Reeves LLP
Chartered Accountants
Chichester
Page 6
Cheam Priory Day Centre
(A company limited by guarantee)
Statement of financial activities (incorporating income and expenditure account) For the year ended 31 March 2022
| Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Investments 6 Total income Expenditure on: Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 5,643 455,037 720 35 461,435 412,307 412,307 49,128 111,839 49,128 160,967 |
Restricted funds 2022 £ - - - - - - - - 2,852 - 2,852 |
Total funds 2022 £ 5,643 455,037 720 35 461,435 412,307 412,307 49,128 114,691 49,128 163,819 |
Total funds 2021 £ 108,769 268,654 720 27 |
|---|---|---|---|---|
| 378,170 | ||||
| 360,173 | ||||
| 360,173 | ||||
| 17,997 | ||||
| 96,694 17,997 |
||||
| 114,691 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 22 form part of these financial statements.
Page 7
Cheam Priory Day Centre (A company limited by guarantee) Registered number. 06533051 Balance sheet As at 31 March 2022 2022 2021 Fixed assets Tangible assets 11 38,339 40,846 38,339 40,846 Current assets Stocks Debtors Cash at bank and in hand 12 782 782 41,168 65.263 13 47,365 107,599 155.746 107,213 Cfeditors". amounts falling due wtthin one year 14 130,266) {33.368) Net current assets 125.480 73,845 Total net assets 163.819 114,691 Charity funds Restricted funds Unrestricted funds 15 2.852 160.967 2,852 111,839 15 Total fund5 163,819 114.691 The charity was entitled to exemption from audit under section 471 of the Companies Act 2006. The members have not required the cDmpany to obtain an audit for the year in quests.on in accordance with section 476 of Companies Act 2006. The Trustees acknowledge Iheir responsibilities for complying with the requirements of the Act wlh respect to accounting records and preparation of financial slalements. The ffnancial statements have been prepared in accordance with the prowsions applbcable to entities subject lo the small companies regime. The financial statements were approved and authorised issue by the Trustees and signed on their behalf by.. Mrs M AJohnston Date.. 2717121. The notes on pages 9 to 22 form part of Ihese financial statements. Page 8
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
1. General information
The charity is a company limited by guarantee. The members of the charitable company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Cheam Priory Day Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 9
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
2.5 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
| Long-term leasehold property | - over the lease term |
|---|---|
| Motor vehicles | - 25% per annum on a straight line basis |
| Fixtures and fittings | - 10% per annum on a straight line basis |
| Office equipment | - 25% or 50% per annum on a straight line basis |
2.8 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 10
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
2. Accounting policies (continued)
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.12 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.13 Finance leases and hire purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the charity. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
2.14 Operating leases
Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.
2.15 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
Page 11
Cheam Priory Day Centre
(A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
2. Accounting policies (continued)
2.16 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 12
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
3. Income from donations and legacies
| Donations Government grants Donations Government grants |
Unrestricted funds 2022 £ 1,643 4,000 5,643 Unrestricted funds 2021 £ 571 105,346 105,917 |
Restricted funds 2022 £ - - - Restricted funds 2021 £ 2,852 - 2,852 |
Total funds 2022 £ 1,643 4,000 |
|---|---|---|---|
| 5,643 | |||
| Total funds 2021 £ 3,423 105,346 |
|||
| 108,769 |
4. Income from charitable activities
| Unrestricted funds 2022 £ Provision of day centre and care 455,037 Unrestricted funds 2021 £ Provision of day centre and care 268,654 |
Total funds 2022 £ 455,037 |
|---|---|
| Total funds 2021 £ 268,654 |
Page 13
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
5. Income from other trading activities
Income from non charitable trading activities
| Unrestricted funds 2022 £ Income from hall hire 720 Unrestricted funds 2021 £ Income from hall hire 720 6. Investment income Unrestricted funds 2022 £ Bank interest receivable 35 Unrestricted funds 2021 £ Bank interest receivable 27 7. Analysis of expenditure by activities Activities undertaken directly 2022 £ Provision of day centre and care 412,307 |
Total funds 2022 £ 720 |
|---|---|
| Total funds 2021 £ 720 |
|
| Total funds 2022 £ 35 |
|
| Total funds 2021 £ 27 |
|
| Total funds 2022 £ 412,307 |
Page 14
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
7. Analysis of expenditure by activities (continued)
| Provision of day centre and care All expenditure in both 2022 and 2021 was from unrestricted funds. |
Activities undertaken directly 2021 £ 360,173 |
Total funds 2021 £ 360,173 |
|---|---|---|
Analysis of direct costs
| Provision of a day centre 2022 £ Staff costs 270,222 Depreciation 13,009 Activities 4,174 Rent 22,000 Rates and insurance 5,222 Light and heat 16,351 Maintenance, repairs and improvements 23,398 Cleaning 7,028 HR fees 1,675 Consultancy and advertising fees 4,289 Food 21,315 Transport 8,474 Postage, stationery, telephone and computing 3,803 Sundry expenses 3,610 Bookkeeping 3,698 Training 432 Bank charges 302 Independent examiner's fee 3,210 Trustee's expenses 90 Hire purchase interest 5 412,307 |
Total funds 2022 £ 270,222 13,009 4,174 22,000 5,222 16,351 23,398 7,028 1,675 4,289 21,315 8,474 3,803 3,610 3,698 432 302 3,210 90 5 |
|---|---|
| 412,307 |
Page 15
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
7. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Staff costs Depreciation Activities Rent Rates and insurance Light and heat Maintenance, repairs and improvements Cleaning HR fees Consultancy and advertising fees Food Transport Postage, stationery, telephone and computing Sundry expenses Bookkeeping Bank charges Independent examiner's fee Hire purchase interest |
Provision of a day centre 2021 £ 243,933 15,366 2,338 22,000 7,225 12,266 11,817 6,128 1,675 4,554 13,585 7,861 3,228 2,392 2,078 211 3,090 426 360,173 |
Total funds 2021 £ 243,933 15,366 2,338 22,000 7,225 12,266 11,817 6,128 1,675 4,554 13,585 7,861 3,228 2,392 2,078 211 3,090 426 |
|---|---|---|
| 360,173 |
8. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £3,210 (2021 - £3,090).
9. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2022 £ 251,984 14,751 3,487 270,222 |
2021 £ 223,316 17,330 3,287 |
|---|---|---|
| 243,933 |
Page 16
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
9. Staff costs (continued)
The average number of persons employed by the charity during the year was as follows:
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Average monthly number of employees | 12 | 12 |
No employee received remuneration amounting to more than £60,000 in either year.
Remuneration of key management personnel for the year consisted of wages and salaries of £49,490 (2021: £49,490) and social security costs of £5,612 (2021: £5,462).
10. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).
During the year ended 31 March 2022, expenses totalling £90 were reimbursed or paid directly to 1 Trustee (2021 - £NIL). The expenses related to travel costs and reimbursed for a board away day.
Page 17
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
11. Tangible fixed assets
| Cost or valuation At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 |
Long-term leasehold property £ 45,850 9,476 55,326 24,293 4,271 28,564 26,762 21,557 |
Motor vehicles £ 52,705 - 52,705 40,300 5,614 45,914 6,791 12,405 |
Fixtures and fittings £ 19,460 - 19,460 15,886 1,728 17,614 1,846 3,574 |
Office equipment £ 31,095 1,026 32,121 27,785 1,396 29,181 2,940 3,310 |
Total £ 149,110 10,502 |
|---|---|---|---|---|---|
| 159,612 | |||||
| 108,264 13,009 |
|||||
| 121,273 | |||||
| 38,339 | |||||
| 40,846 |
12. Stocks
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Finished goods and goods for resale | 782 | 782 |
13. Debtors
| Due within one year Trade debtors Other debtors Prepayments and accrued income |
2022 £ 37,710 191 9,464 47,365 |
2021 £ 27,246 201 13,721 |
|---|---|---|
| 41,168 |
Page 18
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
14. Creditors: Amounts falling due within one year
| Trade creditors Obligations under finance lease and hire purchase contracts Other creditors Accruals and deferred income Deferred income Deferred income at 1 April 2021 Resources deferred during the year Amounts released from previous periods |
2022 £ 9,983 - 1,311 18,972 30,266 2022 £ 10,964 11,732 (10,964) 11,732 |
2021 £ 14,047 834 1,335 17,152 |
|---|---|---|
| 33,368 2021 £ 10,964 10,964 (10,964) |
||
| 10,964 |
Page 19
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
15. Statement of funds
Statement of funds - current year
| Unrestricted funds Designated funds Designated Fund General funds General Fund Total Unrestricted funds |
Balance at 1 April 2021 £ 72,320 Balance at 1 April 2021 £ 39,519 111,839 |
Income £ - Income £ 461,435 461,435 |
Expenditure £ - Expenditure £ (412,307) (412,307) |
Transfers in/out £ 4,599 Transfers in/out £ (4,599) - |
Balance at 31 March 2022 £ 76,919 |
|---|---|---|---|---|---|
| Balance at 31 March 2022 £ 84,048 |
|||||
| 160,967 |
Designated funds represent amounts allocated by the trustees towards replacing fixed assets
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| Magic Table Fund Total of funds |
2,852 114,691 |
- 461,435 |
- (412,307) |
- - |
2,852 |
| 163,819 |
Magic Table Fund, this is a collection donations from families to be used to help clients suffering with dementia.
Page 20
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
15. Statement of funds (continued)
Statement of funds - prior year
| Balance at 1 April 2020 £ Income £ Unrestricted funds Designated funds Designated Fund 56,383 - General funds General Fund 40,311 375,318 Total Unrestricted funds 96,694 - Restricted funds Magic Table Fund - 2,852 Total of funds 96,694 2,852 16. Analysis of net assets between funds Analysis of net assets between funds - current year Tangible fixed assets Current assets Creditors due within one year Total |
Expenditure £ - (360,173) (360,173) - (360,173) Unrestricted funds 2022 £ 38,339 152,894 (30,266) 160,967 |
Transfers in/out £ 15,937 (15,937) - - - Restricted funds 2022 £ - 2,852 - 2,852 |
Balance at 31 March 2021 £ 72,320 39,519 111,839 |
|---|---|---|---|
| 2,852 114,691 Total funds 2022 £ 38,339 155,746 (30,266) |
|||
| 163,819 |
Page 21
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2022
16. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2021 £ 40,846 104,361 (33,368) 111,839 |
Restricted funds 2021 £ - 2,852 - 2,852 |
Total funds 2021 £ 40,846 107,213 (33,368) |
|---|---|---|---|
| 114,691 |
17. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £3,487 (2021 - £3,287). Contributions totalling £nil (2021 - £nil) were payable to the fund at the balance sheet date and are included in creditors.
18. Operating lease commitments
The charity is currently in the process of agreeing a new lease. Whilst the annual rent and term of the lease have not yet been formally agreed, the charity expects to have a minimum annual commitment of £33,000 for a period of at least 3.5 years from the balance sheet date, giving a minimum total commitment of £114,641. During the year the charity received a partial rent rebate due to Covid.
19. Related party transactions
The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 31 March 2022.
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