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 2024
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 2024
Directors and Trustees
Mr M S Bridge (appointed 13 November 2024) Miss S Gilliver (appointed 30 September 2023, resigned 11 February 2025) Mrs M A Johnston (resigned 11 February 2025) Mr A R Lewis (resigned 11 February 2025)
Mr M W Markan Mrs C A Message (appointed 11 February 2025) Mr C J Myerscough (appointed 30 September 2023, resigned 11 February 2025) Mr P J Trower (deceased 1 October 2024)
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 2024
The Trustees present their annual report together with the financial statements of the charity for the year 1 April 2023 to 31 March 2024. 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
Again, we have only had a small surplus as expenditure has increased by over £35,000 from last year. Client numbers remain variable as always and, although operational revenue has remained relatively stable, it cannot be increased proportionally with the costs as we need to ensure that our services remain affordable by those families who are dependent on our services, particularly those in receipt of direct payments.
The age of the building we rent from the London Borough of Sutton (LBS) contributes greatly to increased repair and utility bills. Repairs and the rent constitute a very large portion of our costs. We have highlighted this to LBS formally, and we will highlight this again with them when we discuss renewing the lease in September.
Page 2
Cheam Priory Day Centre
(A company limited by guarantee)
Trustees' report (continued) For the year ended 31 March 2024
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 £173,328 (2023 - £170,309) were comprised of £96,485 general funds and £76,843 designated funds (as at 31 March 2023 these were £89,058 and £81,251 respectively).
At the year end £2,852 (2023 - £2,852) was held in restricted funds in regards to the Magic Table Fund.
General funds include £39,749 (2023 - £35,341) 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 2024 free reserves were £133,579 (2023 - £134,968).
The trustees regularly review reserves. A risk-based approach is used to calculate an optimal amount of reserves that looks at reliability of income, costs for re-organisation of activities, and specific liabilities. Amounts are included for risks we are aware of as well as contingencies to allow Cheam Priory Centre to cope with unexpected costs and opportunities.
We principally hold reserves to:
-
protect the continuity of Cheam Priory Centre’s work against uncertain future income
-
provide the capital needed to finance investment in operations
-
provide funds to replace assets
-
to cover for specific liabilities and identifiable risks
-
to allow Cheam Priory Centre to meet contractual obligations.
The trustees have set optimal Free Reserves at £233,500, being £168,000 equating to approximately 3 months running costs, plus estimated redundancy costs of £65,500 should we become unable to continue operations. The free reserves of £133,579 is below this optimal level, and the Trustees continue to aim to increase this, by increasing revenue and reducing costs where possible.
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.
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.
Page 3
Cheam Priory Day Centre
(A company limited by guarantee)
Trustees' report (continued) For the year ended 31 March 2024
Structure, governance and management (continued)
b. Methods of appointment or election of Trustees
The trustees who served during the year and in the period up to the date of approval of this report are shown on page 1. The trustees are also the directors of the company.
The trustees, President and Executive Committee are appointed in accordance with the Memorandum and Articles of Association. Induction and training of trustees is undertaken on an individual basis as and when appropriate.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................
Mr M S Bridge Trustee
Date: 27 March 2025
Page 4
Cheam Priory Day Centre
(A company limited by guarantee)
Statement of Trustees' responsibilities For the year ended 31 March 2024
The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and 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 Trustees and signed on its behalf by:
................................................
Mr M S Bridge Trustee Date: 27 March 2025
Page 5
Cheam Priory Day Centre
(A company limited by guarantee)
Independent examiner's report
For the year ended 31 March 2024
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 2024.
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: Cre ta feowe LIP Dated: 28 March 2025
Lucy Hammond BSc FCA
Kreston Reeves LLP
Chartered Accountants
9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ
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 2024
| 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 2024 £ 2,394 468,116 790 4,933 476,233 473,214 473,214 3,019 170,309 3,019 173,328 |
Restricted funds 2024 £ - - - - - - - - 2,852 - 2,852 |
Total funds 2024 £ 2,394 468,116 790 4,933 476,233 473,214 473,214 3,019 173,161 3,019 176,180 |
Total funds 2023 £ 1,335 443,669 765 1,737 |
|---|---|---|---|---|
| 447,506 | ||||
| 438,164 | ||||
| 438,164 | ||||
| 9,342 | ||||
| 163,819 9,342 |
||||
| 173,161 |
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 2024
| 2024 | 2024 | 2023 | ||||
|---|---|---|---|---|---|---|
| Note | £ | £ | ||||
| Fixed assets | ||||||
| Tangible assets | 11 | 39,749 | 35,341 | |||
| 39,749 | 35,341 | |||||
| Current assets | ||||||
| Stocks | 12 | 1,126 | 1,126 | |||
| Debtors | 13 | 52,812 | 47,133 | |||
| Cash at bank and in hand | 113,865 | 122,596 | ||||
| 167,803 | 170,855 | |||||
| Creditors: amounts falling due within one | ||||||
| year | 14 | (31,372) | (33,035) | |||
| Net current assets | 136,431 | 137,820 | ||||
| Total net assets | 176,180 | 173,161 | ||||
| Charity funds | ||||||
| Restricted funds | 15 | 2,852 | 2,852 | |||
| Unrestricted funds | 15 | 173,328 | 170,309 | |||
| Total funds | 176,180 | 173,161 |
The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
Mr M S Bridge Trustee Date: 27 March 2025
The notes on pages 9 to 22 form part of these financial statements.
Page 8
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2024
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.
The financial statements are presented in British Sterling and rounded to the nearest Pound.
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.
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 2024
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 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.
2.6 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 |
2.7 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.
2.8 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.
2.9 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.
Page 10
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2024
2. Accounting policies (continued)
2.10 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.
2.11 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.
2.12 Operating leases
Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.
2.13 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.
2.14 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 11
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2024
3. Income from donations and legacies
| Unrestricted funds 2024 £ Donations 2,394 Unrestricted funds 2023 £ Donations 1,335 All income in both 2024 and 2023 was unrestricted. |
Total funds 2024 £ 2,394 |
|---|---|
| Total funds 2023 £ 1,335 |
|
4. Income from charitable activities
| Unrestricted funds 2024 £ Provision of day centre and care 468,116 Unrestricted funds 2023 £ Provision of day centre and care 443,669 |
Total funds 2024 £ 468,116 |
|---|---|
| Total funds 2023 £ 443,669 |
All income in both 2024 and 2023 was unrestricted.
Page 12
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2024
5. Income from other trading activities
Income from non charitable trading activities
| Unrestricted funds 2024 £ Income from hall hire 790 Unrestricted funds 2023 £ Income from hall hire 765 |
Total funds 2024 £ 790 |
|---|---|
| Total funds 2023 £ 765 |
All income in both 2024 and 2023 was from unrestricted funds.
6. Investment income
| Unrestricted funds 2024 £ Bank interest receivable 4,933 Unrestricted funds 2023 £ Bank interest receivable 1,737 |
Total funds 2024 £ 4,933 |
|---|---|
| Total funds 2023 £ 1,737 |
All income in both 2024 and 2023 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 2024
7. Analysis of expenditure by activities
| Provision of day centre and care Provision of day centre and care |
Activities undertaken directly 2024 £ 473,214 Activities undertaken directly 2023 £ 438,164 |
Total funds 2024 £ 473,214 |
|---|---|---|
| Total funds 2023 £ 438,164 |
All expenditure in both 2024 and 2023 was from unrestricted funds.
Page 14
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2024
7. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Provision of a day centre 2024 £ Staff costs 294,724 Depreciation 10,216 Activities 8,409 Rent 33,711 Rates and insurance 9,793 Light and heat 22,525 Maintenance, repairs and improvements 25,784 Cleaning 8,139 HR fees 1,856 Consultancy and advertising fees 5,699 Food 23,333 Transport 9,507 Postage, stationery, telephone and computing 4,222 Sundry expenses 7,151 Bookkeeping 3,025 Training 96 Bank charges 328 Independent examiner's fee 4,680 Trustee's expenses 16 473,214 |
Total funds 2024 £ 294,724 10,216 8,409 33,711 9,793 22,525 25,784 8,139 1,856 5,699 23,333 9,507 4,222 7,151 3,025 96 328 4,680 16 |
|---|---|
| 473,214 |
Page 15
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2024
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 |
Provision of a day centre 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 |
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 |
8. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examination and financial statements preparation fee of £4,680, of which £540 relates to the 2023 financial statements (2023 - £3,420).
9. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2024 £ 272,580 17,863 4,281 294,724 |
2023 £ 255,830 15,872 3,670 |
|---|---|---|
| 275,372 |
Page 16
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2024
9. Staff costs (continued)
The average number of persons employed by the charity during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| 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 £57,028 (2023: £52,212) and social security costs of £6,615 (2023: £6,264).
10. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024, expenses totalling £16 were reimbursed or paid directly to 1 Trustee (2023 - £29 to 1 Trustee). The expenses related to travel costs.
Page 17
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2024
11. Tangible fixed assets
| Cost or valuation At 1 April 2023 Additions Disposals At 31 March 2024 Depreciation At 1 April 2023 Charge for the year On disposals At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 |
Long-term leasehold property £ 55,326 - (11,965) 43,361 33,895 5,331 (11,965) 27,261 16,100 21,431 |
Motor vehicles £ 60,310 14,000 - 74,310 51,123 4,023 - 55,146 19,164 9,187 |
Fixtures and fittings £ 19,460 - - 19,460 18,434 53 - 18,487 973 1,026 |
Office equipment £ 33,681 624 - 34,305 29,984 809 - 30,793 3,512 3,697 |
Total £ 168,777 14,624 (11,965) |
|---|---|---|---|---|---|
| 171,436 | |||||
| 133,436 10,216 (11,965) |
|||||
| 131,687 | |||||
| 39,749 | |||||
| 35,341 |
12. Stocks
| Finished goods and goods for resale 13. Debtors Due within one year Trade debtors Other debtors Prepayments and accrued income |
2024 £ 1,126 2024 £ 41,985 609 10,218 52,812 |
2023 £ 1,126 2023 £ 37,034 512 9,587 |
|---|---|---|
| 47,133 |
Page 18
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2024
14. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals and deferred income Deferred income Deferred income at 1 April 2023 Resources deferred during the year Amounts released from previous periods |
2024 £ 9,366 85 1,985 19,936 31,372 2024 £ 11,732 11,732 (11,732) 11,732 |
2023 £ 13,420 - 1,823 17,792 |
|---|---|---|
| 33,035 2023 £ 11,732 11,732 (11,732) |
||
| 11,732 |
Page 19
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2024
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 2023 £ 81,251 89,058 170,309 |
Income £ - 476,233 476,233 |
Expenditure £ - (473,214) (473,214) |
Transfers in/out £ (4,408) 4,408 - |
Balance at 31 March 2024 £ 76,843 |
|---|---|---|---|---|---|
| 96,485 | |||||
| 173,328 |
Designated funds represent amounts allocated by the trustees towards replacing fixed assets.
| Restricted funds Magic Table Fund Total of funds |
2,852 173,161 |
- 476,233 |
- (473,214) |
- - |
2,852 |
|---|---|---|---|---|---|
| 176,180 |
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 2024
15. Statement of funds (continued)
Statement of funds - prior year
| Balance at 1 April 2022 £ Income £ Unrestricted funds Designated funds Designated Fund 76,919 - General funds General Fund 84,048 447,506 Total Unrestricted funds 160,967 447,506 Restricted funds Magic Table Fund 2,852 - Total of funds 163,819 447,506 16. Analysis of net assets between funds Analysis of net assets between funds - current period Tangible fixed assets Current assets Creditors due within one year Total |
Expenditure £ - (438,164) (438,164) - (438,164) Unrestricted funds 2024 £ 39,749 164,951 (31,372) 173,328 |
Transfers in/out £ 4,332 (4,332) - - - Restricted funds 2024 £ - 2,852 - 2,852 |
Balance at 31 March 2023 £ 81,251 89,058 170,309 |
|---|---|---|---|
| 2,852 173,161 Total funds 2024 £ 39,749 167,803 (31,372) |
|||
| 176,180 |
Page 21
Cheam Priory Day Centre (A company limited by guarantee)
Notes to the financial statements For the year ended 31 March 2024
16. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ 35,341 168,003 (33,035) 170,309 |
Restricted funds 2023 £ - 2,852 - 2,852 |
Total funds 2023 £ 35,341 170,855 (33,035) |
|---|---|---|---|
| 173,161 |
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 £4,281 (2023 - £3,670). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.
18. Operating lease commitments
At 31 March 2024 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 |
2024 £ 34,422 17,211 51,633 |
2023 £ 33,000 49,500 |
|---|---|---|
| 82,500 |
The following lease payments and changes in lease payments have been recognised in the Statement of financial activities:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Operating lease rentals | 33,711 | 33,000 |
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 2024.
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