**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 2023**
**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 - 3|
|**Trustees' responsibilities statement**|4|
|**Independent examiner's report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7|
|**Notes to the financial statements**|8 - 21|
## **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 2023**
## **Directors and Trustees**
Miss S Gilliver (appointed 19 July 2023)
Mrs M A Johnston Rev N W Leggett (resigned 18 May 2023)
Mr A R Lewis Mr M W Markan Mr C J Myerscough (appointed 19 July 2023)
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
## **Accountant**
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 2023**
The Trustees present their annual report together with the financial statements of the charity for the year 1 April 2022 to 31 March 2023. 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.
## **Achievements and performance**
## **a. Review of activities**
Although last year’s exceptional surplus was not expected to be repeated, this year’s surplus is rather disappointing. I had anticipated a gain of circa £30k. Expenditure was expected to be substantially more and resulted in a £14k increase with food and transport being the main reasons. Unfortunately, the client numbers have remained stubbornly low and, frustratingly, resulted in a fall in operational revenue of £14k compared to 2021/22. However, we still have strong reserves to support us through the lean times and the ever-super efforts of Carol and her team will, I’m sure, prevail throughout 2023/24.
## **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.
Page 2
Cheam Prlory Day Centrn
IA company Ilmltod by guarantsol
Tru•t•M' r•port Icontlnu•dl
For th• year end 31 March 2023
b. Re•ervM pollcy
Al the yèar end tot81 unrestrictèd funds 01 £170.30912022 - £160,967) wèrè compr18ed of £89.058 genafal fundi
and £81,251 de8ign8led funds las al 31 March 2022 th088 were £84,048 and £76,919 re8peclivelyl.
At tha •r ènd £2,852 131 March 2022 £2,852) was hèld In re•lTiCt•d fund8 in regard8 lo the Magic Tabl•
Fund.
Gener81 lund8 Include £35.341131 March 2022 - £38,339) Ilèd up In flx8d 888et8 held for chantable u8e.
Freo rèiervei are fund8 available lo meet ihortfalll in income and lo finan unexpected expenditure and fixed
agset purcha¥e5. Free roserves include dosign81•d funds bul •xclud8 amounts lied up In fixed 0$get8. Al 31
March 2023 fr88 r•8ervg$ wgre £134,968 (2022 - £122,628).
Th• Iru8t••$ hav• a policy lo d•sign•l• funds for fix•d a8$et replac•m•nl. An amount equlvalenl lo the valuè ol
the depreciation charged in th• y••r 18 tran$f•rred from g?n•ral funds into these designated fund8. Whèn nèw
fixed a¥s•ts are purchased. Jn amount l• tranjferred from th8 fundj Into 9gnèro1 fund8.
StructuY•, gov•m•nc• ind m*nig•m•nt
A. Con•tltutlon
Ch•am Priory Day Centre li rnqi•ter•d •• a charil•bl• company limrtqd by gu•r•nlg• and wji i•t up by •
Memorandum of Association.
b. M•thod• of appolntm•nt or •l•ctlon of Tru•tM•
Thè truilee8 who Served during the year and in the period up lo the dote of appr1•1 of this report are sh¢)wn on
pago 1. The Iru•lee8 are also the dlrnclor8 of the company.
The Iru8lees, President and Executive Committee are appointed in 801d8nce with tho Memorandum and
Articles of ASl8b0n. Induction and training of tru¥l¢¢s i¥ undertaken on an individual basis aj and when
appropriatg.
Approved by ord•r of th• m•mb•rn of tho boord of Trusloes and 8lgned on their b8h•lf by..
Mrd M A John•ton
Trustee
Dale..
Page 3
Cheam Prlory l)ay Centrè
IA company Ilmltod by guarant•èl
Statemonl of Tru#tees' r•sponslbllltlo8
For tho y•ar end•d 31 March 2023
The Trustees (who are also the directors of the chaTrty for the purposes of company lawl are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Stsndards (United Kingdom Generally Acceplod Accounting Pr8Cticel.
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees musl not approve the financial slalemenls unless they are satisfied that they give a true and fair view of
the state of affairs of the charity and of ils incoming resources and application of resources, including its income
and expenditure, for that period. In preparing these financial s18lemenls, tho Trustees are required lo..
select suitable accounting policies and then apply them cons1Stently,
observe the methods and principles of the Charities SORP IFRS 1021..
make judgments and accounting estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards IFRS 1021 have been followed. 5ubj.oct to any material
departures disclosed and explained in the financial statements",
preparg the financial Statements on the going conrn basis unle88 it is inappropriate lo presume that the
charity will continue in business.
The TTuslee8 are responsible for keeping adequate accounting Tecofds that are sufficient to and exp18in
the charitys transactions and disclose with reasonable accuracy at any lime the financial position of the ¢hanty
and enable them lo ensure that the financial stslements comply wrth the Companies Act 2006. They are alxj
responsible for safeguarding the assets of the charity an¢J hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved by order of the members of the board of Tru81eè$ and Signed on ils bahaw by..
Mrn M A Johnston
Page 4
**Cheam Priory Day Centre**
**(A company limited by guarantee)**
## **Independent examiner's report**
**For the year ended 31 March 2023**
## **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 2023.
## **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:
1. accounting records were not kept in respect of the charity 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.
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: 26 January 2024
Lucy Hammond BSc FCA
## **Kreston Reeves LLP**
Chartered Accountants
9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ
Page 5
## **Cheam Priory Day Centre**
## **(A company limited by guarantee)**
## **Statement of financial activities (incorporating income and expenditure account) For the year ended 31 March 2023**
|**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**
**2023**
**£**
**1,335**
**443,669**
**765**
**1,737**
**447,506**
**438,164**
**438,164**
**9,342**
**160,967**
**9,342**
**170,309**|**Restricted**
**funds**
**2023**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**2,852**
**-**
**2,852**|**Total**
**funds**
**2023**
**£**
**1,335**
**443,669**
**765**
**1,737**
**447,506**
**438,164**
**438,164**
**9,342**
**163,819**
**9,342**
**173,161**|Total
funds
2022
£
5,643
455,037
720
35|
|---|---|---|---|---|
|||||461,435|
|||||412,307|
|||||412,307|
|||||49,128|
|||||114,691
49,128|
|||||163,819|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 21 form part of these financial statements.
Page 6
Cheam Prlory Day Centre
IA company Ilmltgd by guarantee)
Roglstgred nufflber: 06533051
Balance shgot
As at 31 Mthh 2023
2023
2022
Note
FIX a81•ts
Tangible a888ts
35,341
38.339
36,341
38,339
Current as•gts
Stocks
Debtors
Cash at bank and in hand
12
13
1,126
47.133
122,596
782
47.365
107,599
170,855
1SS,746
Creditors.. amounts falling due within ono
ye8r
14
133,0351
{30,2661
Not currnnt assets
137,820
125,480
Totsl n•t •••els
173,161
163.819
Charlty fund•
Re8lricted fvnds
Unrestrided funds
15
15
2,852
170,309
2.852
160.967
Total funds
173,161
163.819
The charity wa5 èntstled lo exemption from audit under section 477 of the Comp8nies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance wkh
Section 476 of Companies Ad 2006.
The Trustees acknowledge their re8pon$ibilities for comptying wf(h the requirement8 of the Act ttt respect to
accounting records and preparation of financigl statements.
The financial Statements havè beon prep8r8(l in accordance with the provisions applicable lo antilles subject to
the small compani08 regimo.
The financial stalements were approved and authorised for issue by the TNStees and signed on their behatt by..
Mrs M AJohnston
Dale..
171a3
Tha notes on pages 8 to 21 fonn part of thèse financi81 slalemenls.
Pago 7
**Cheam Priory Day Centre (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 March 2023**
## **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 8
**Cheam Priory Day Centre (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 March 2023**
## **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 9
**Cheam Priory Day Centre (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 March 2023**
## **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 Operating leases**
Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.
## **2.14 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.
## **2.15 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 10
## **Cheam Priory Day Centre**
## **(A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 March 2023**
## **3. Income from donations and legacies**
|Donations
Donations
Government grants
All income in both 2023 and 2022 was unrestricted.|**Unrestricted**
**funds**
**2023**
**£**
1,335
Unrestricted
funds
2022
£
1,643
4,000
5,643|**Total**
**funds**
**2023**
**£**
**1,335**|
|---|---|---|
|||Total
funds
2022
£
1,643
4,000|
|||5,643|
||||
**4. Income from charitable activities**
|**Unrestricted**
**funds**
**2023**
**£**
Provision of day centre and care
443,669
Unrestricted
funds
2022
£
Provision of day centre and care
455,037|**Total**
**funds**
**2023**
**£**
**443,669**|
|---|---|
||Total
funds
2022
£
455,037|
All income in both 2023 and 2022 was unrestricted.
Page 11
**Cheam Priory Day Centre (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 March 2023**
## **5. Income from other trading activities**
## **Income from non charitable trading activities**
|**Unrestricted**
**funds**
**2023**
**£**
Income from hall hire
765
Unrestricted
funds
2022
£
Income from hall hire
720|**Total**
**funds**
**2023**
**£**
**765**|
|---|---|
||Total
funds
2022
£
720|
All income in both 2023 and 2022 was from unrestricted funds.
## **6. Investment income**
|**Unrestricted**
**funds**
**2023**
**£**
Bank interest receivable
1,737
Unrestricted
funds
2022
£
Bank interest receivable
35|**Total**
**funds**
**2023**
**£**
**1,737**|
|---|---|
||Total
funds
2022
£
35|
All income in both 2023 and 2022 was from unrestricted funds.
Page 12
## **Cheam Priory Day Centre (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 March 2023**
## **7. Analysis of expenditure by activities**
|Provision of day centre and care
Provision of day centre and care|**Activities**
**undertaken**
**directly**
**2023**
**£**
438,164
Activities
undertaken
directly
2022
£
412,307|**Total**
**funds**
**2023**
**£**
**438,164**|
|---|---|---|
|||Total
funds
2022
£
412,307|
All expenditure in both 2023 and 2022 was from unrestricted funds.
Page 13
**Cheam Priory Day Centre (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 March 2023**
## **7. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|**Provision of**
**a day centre**
**2023**
**£**
Staff costs
275,372
Depreciation
12,163
Activities
7,024
Rent
33,000
Rates and insurance
10,202
Light and heat
12,021
Maintenance, repairs and improvements
18,973
Cleaning
7,007
HR fees
1,808
Consultancy and advertising fees
10,344
Food
23,884
Transport
9,562
Postage, stationery, telephone and computing
5,738
Sundry expenses
4,041
Bookkeeping
2,590
Training
668
Bank charges
318
Independent examiner's fee
3,420
Trustee's expenses
29
438,164|**Total**
**funds**
**2023**
**£**
**275,372**
**12,163**
**7,024**
**33,000**
**10,202**
**12,021**
**18,973**
**7,007**
**1,808**
**10,344**
**23,884**
**9,562**
**5,738**
**4,041**
**2,590**
**668**
**318**
**3,420**
**29**|
|---|---|
||**438,164**|
Page 14
**Cheam Priory Day Centre (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 March 2023**
## **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
Training
Bank charges
Independent examiner's fee
Trustee's expenses
Hire purchase interest|Provision of
a day centre
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|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|
## **8. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner and accounts preparation fee of £3,420 (2022 - £3,210).
## **9. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2023**
**£**
**255,830**
**15,872**
**3,670**
**275,372**|2022
£
251,984
14,751
3,487|
|---|---|---|
||||
|||270,222|
Page 15
**Cheam Priory Day Centre (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 March 2023**
## **9. Staff costs (continued)**
The average number of persons employed by the charity during the year was as follows:
||**2023**|2022|
|---|---|---|
||**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 £52,212 (2022: £49,490) and social security costs of £6,264 (2022: £5,612).
## **10. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).
During the year ended 31 March 2023, expenses totalling £29 were reimbursed or paid directly to 1 Trustee (2022 - £90 to 1 Trustee). The expenses related to travel costs.
Page 16
**Cheam Priory Day Centre (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 March 2023**
## **11. Tangible fixed assets**
|**Long-term**
**leasehold**
**property**
**£**
**Cost or valuation**
At 1 April 2022
**55,326**
Additions
**-**
At 31 March 2023
**55,326**
**Depreciation**
At 1 April 2022
**28,564**
Charge for the year
**5,331**
At 31 March 2023
**33,895**
**Net book value**
At 31 March 2023
**21,431**
At 31 March 2022
26,762
**Stocks**
Finished goods and goods for resale
**Debtors**
**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income|**Motor**
**vehicles**
**£**
**52,705**
**7,605**
**60,310**
**45,914**
**5,209**
**51,123**
**9,187**
6,791|**Fixtures and**
**fittings**
**£**
**19,460**
**-**
**19,460**
**17,614**
**820**
**18,434**
**1,026**
1,846|**Office**
**equipment**
**£**
**32,121**
**1,560**
**33,681**
**29,181**
**803**
**29,984**
**3,697**
2,940
**2023**
**£**
**1,126**
**2023**
**£**
**37,034**
**512**
**9,587**
**47,133**|**Total**
**£**
**159,612**
**9,165**|
|---|---|---|---|---|
|||||**168,777**|
|||||**121,273**
**12,163**|
|||||**133,436**|
|||||**35,341**|
|||||38,339|
|||||2022
£
782
2022
£
37,710
191
9,464|
|||||47,365|
## **12. Stocks**
## **13. Debtors**
Page 17
## **Cheam Priory Day Centre**
## **(A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 March 2023**
## **14. Creditors: Amounts falling due within one year**
|Trade creditors
Other creditors
Accruals and deferred income
**Deferred income**
Deferred income at 1 April 2022
Resources deferred during the year
Amounts released from previous periods|**2023**
**£**
**13,420**
**1,823**
**17,792**
**33,035**
**2023**
**£**
**11,732**
**(11,732)**
**11,732**
**11,732**|2022
£
9,983
1,311
18,972|
|---|---|---|
|||30,266
2022
£
10,964
11,732
(10,964)|
|||11,732|
Page 18
**Cheam Priory Day Centre (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 March 2023**
## **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 2022**
**£**
**76,919**
**Balance at 1**
**April 2022**
**£**
**84,048**
**160,967**|**Income**
**£**
**-**
**Income**
**£**
**447,506**
**447,506**|**Expenditure**
**£**
**-**
**Expenditure**
**£**
**(438,164)**
**(438,164)**|**Transfers**
**in/out**
**£**
**4,332**
**Transfers**
**in/out**
**£**
**(4,332)**
**-**|**Balance at**
**31 March**
**2023**
**£**
**81,251**|
|---|---|---|---|---|---|
||||||**Balance at**
**31 March**
**2023**
**£**
**89,058**|
||||||**170,309**|
Designated funds represent amounts allocated by the trustees towards replacing fixed assets.
## **Restricted funds**
|**Restricted funds**||||||
|---|---|---|---|---|---|
|Magic Table Fund
**Total of funds**|**2,852**
**163,819**|**-**
**447,506**|**-**
**(438,164)**|**-**
**-**|**2,852**|
||||||**173,161**|
Magic Table Fund, this is a collection donations from families to be used to help clients suffering with dementia.
Page 19
**Cheam Priory Day Centre (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 March 2023**
## **15. Statement of funds (continued)**
## **Statement of funds - prior year**
|Balance at
1 April 2021
£
Income
£
**Unrestricted funds**
**Designated funds**
Designated Fund
72,320
-
**General funds**
General Fund
39,519
461,435
**Total Unrestricted funds**
111,839
461,435
**Restricted funds**
Magic Table Fund
2,852
-
**Total of funds**
114,691
461,435
**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
£
-
(412,307)
(412,307)
-
(412,307)
**Unrestricted**
**funds**
**2023**
**£**
35,341
168,003
(33,035)
170,309|Transfers
in/out
£
4,599
(4,599)
-
-
-
**Restricted**
**funds**
**2023**
**£**
-
2,852
-
2,852|Balance at
31 March
2022
£
76,919
84,048
160,967|
|---|---|---|---|
||||2,852
163,819
**Total**
**funds**
**2023**
**£**
**35,341**
**170,855**
**(33,035)**|
||||**173,161**|
Page 20
**Cheam Priory Day Centre (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 March 2023**
## **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
2022
£
38,339
152,894
(30,266)
160,967|Restricted
funds
2022
£
-
2,852
-
2,852|Total
funds
2022
£
38,339
155,746
(30,266)|
|---|---|---|---|
||||163,819|
## **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 £3,670 (2022 - £3,487). Contributions totalling £nil (2022 - £nil) were payable to the fund at the balance sheet date and are included in creditors.
## **18. Operating lease commitments**
At 31 March 2023 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|Not later than 1 year
Later than 1 year and not later than 5 years|**2023**
**£**
**33,000**
**49,500**
**82,500**|2022
£
33,000
82,500|
|---|---|---|
||||
|||115,500|
The following lease payments have been recognised as an expense in the Statement of financial activities:
||**2023**|2022|
|---|---|---|
||**£**|£|
|Operating lease rentals|**33,000**|33,000|
|Changes in lease payments arising from COVID-19 related rent|||
|concessions|**-**|-|
## **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 2023.
Page 21