2023-03-31-accounts - Newmarket Day Centre CIO

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		Pages
Trustees' annual reporl		1toe
independent examiner's	report to the trustees
Statement offinancial activities
Balance sheet
Statement ofcash flows
		10
Notes to the financial statements		11to22

		Unrestricted	2023 Restricted Endowment	2023 Restricted Endowment		2022
Income and endowments	Note	funds 8	funds 6	funds	Total funds 8	Total funds 8
Donations and legacies Charitable activiTies Other trading activities Investment income Total income	4 5 6	404,943 203,101 48,299 13.926 670,269	10,000 10,000	1,120 1,120	414,943 203,101 48,299 15,046 681,389	64.530 157,720 4,907 17,368 244,525
Expenditure
Raising funds
Costs ofother bading
actiiibes Investment management		11,869			11,869	2,462
costs Charitable activities	7	4,274 392,665	13,722	2,749	7,023 406,387	7,575 347,482
Total expenditure		408,808	13.722	2,749	425,279	357,519
Net income/(expenditure}	and
net movements in funds
before gains and losses on
investments		251,461	(3,722)	(1,629)	256,110	(112,994)
Net (losses)/gains on
investments	8	(15,182)		(13,310)	(28,492)	52,445
Net income/(expenditure)
before transfer offunds		246,279	(3,722)	(14,939)	227,618	(60,549)
Transfers between funds		1,304		(1,304)
Net movement in funds		247,583	(3,722)	(16,243)	227,618	(60,549)
Reconciliation offunds
Total funds brought forward Total funds carried forward		616,191 863,774	14,799 11,077	263,429 24/,186	894,419 1,122,037	954,968 894,419

			2023		2022
Fixed assets		Note	6		6
Tangible fixed assets Investments		12 13		143,101 716,518		143,211 731,574
				859,619		874,785
Current assets
Stocks Debtors Cash at bank and in hand		14 15	990 8,262 269,096		900 5,162 31,179
			278,348		37,241
Creditors: Amounts	falling due within
one year		16	(15,930)		(17,607)
Net current assets				262,418		19,634
Total assets less current liabilrdes				1,122,037		894,419
Net assets				1,122.037		894,419
Funds ofthe charity
Endowment funds Restricted funds Unrestricted funds				247,186 11,077 863,774		263,429 14,799 616,191
Total charity funds		17		1,122,037		894,419

	2023	2022
Cash flows from operating activities Net income/(expenditure)	227,618	(60,549)
Adjushnents for.
Depreciation oftangible fixed assets Net (tosses)fgains on investments Dividends, interest snd rents from investments Accrued expenses	20,043 28,492 (15,046) 240	15,971 (52,445) (17,368) 78
Changes in:
Stocks
Trade and other debtors	''(90)
Trade and other creditors Cash generated from operations Net cash froml(used in) operating activities	(3,100) (1,917) 256,240 256,240	(5,162) 8,444 (111,031) (111,031)
Cash flows from investing activities
Dividends, interest and rents from investments Purchase oftangible assets Purchases ofother investments Proceeds from sale of other investments Net cash (used in)/from investing activities	15,046 (19,933) (127,096) 113,660 ('(8,323)	'17,368 (4,403) (69,736) 115,780 59,009
Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning ofyear Cash and cash equivalents at end ofyear	237,917 31,179 269,096	(52,022) 83,201 31,179

		Unrestricted	Restricted	Total Funds
Grants		Funds f	Funds	2023 f
Grants		7,500		7,500
		404,943	10,000	414,943
		Unrestricted	Restricted	Total Funds
Donations		Funds f	Funds	2022
Other donations George Gibson Almshouse	Foundation - rent	44,416	10,000	44.416 10.000
Legacies
Legacies
Grants
Grants		10,114		'i0,114
		54,530	10,000	64,530

		Unrestricted	Total Funds	Unrestricted	Total Funds
Day care, Chiropody	including tees and meals and hairdressing	Funds f 179,453 23,648	2023 f 179,453 23,648	Funds f 137,608 20,112	2022 f 137,608 20,112
		203,101	203,101	157,720	157,720
Investment	income
			Unreslricted	Endowment	TotalFunds
Investmentincome			Funds f 13,926	Funds f 1,120	2023 f 15,046
			Unrestricted	Endowment	Total Funds
Investment	income		Funds f 16,426	Funds f 942	2022 f 'I7,368

	Unrestricted	Restricted	TotalFunds
	Funds	Funds	2923
Care servioes Water rates Rates Light and heat Property expenses Costofproviding meals Hygiene snd deaning Repairs and. insurance Depreciation - meals Support costs	134,512 2.232 1,127 29,054 22,634 130,051 14,893 897 8,082 49,183	13,722	6 134,512 2,232 1,'l27 29,054 36,356 130,051 14,893 897 8,082 49,183
	392,665	13,722	406,387
	Unrestricted	Restricted	Tolal Funds
	Funds	Funds	2022
Care services Water rates Rates Light and heat Properly expenses Cost ofproviding meals Hygiene and cleaning Repairs and insurance Depreciation -meals Support costs	117,238 940 1,324 5.953 31,086 98.901 17,276 3,408 2,997 53,624	6 14,735	6 117,238 940 1,324 5,953 45,821 98,901 17476 3,408 2,997 53,624
	332,747	14,735	347,482
Analysis ofsupport costs
		2023	2022
Office costs Legal and professional Independent examiners fee Sundry expenses		6 26,877 17,258 3,120 1,928	42,587 5,826 2,796 2,415
		49,183	53,624
Iset (losses)/gains on investments
	Unrestricted	Endowment	Total Funds
	Funds	Funds	2023
Gains/{losses) on listed investments	(15,182)	r. (13,310)	8 (28.492)
	Unrestricted	Endowment	Total Funds
	Funds	Funds	2022
Gains/(losses) on listed investments	6 45,934	8 6,511	52,445

2023	2022
E
20,043	15,971

Depreciation oftangible fixed asse Staffcosts	ts	E 20,043	15,971
The total staff costs and employee	benefits for the reporling	period are analysed as follows:
		2023	2022
Wages and salaries Social security costs Pension costs		175,887 7,161 2,257	160,518 6,515 1,905
		185,305	168.938

Care services Costs of providing meals Support costs office costs	2023f 122.372 81,782 1,151	2022 116,332 36,042 16,564
	185,305	168,938

			Centre
		Leasehold	furniture,
	Crmt	properly and Improvement 6	fltgngs and equipment 6	Shop equipmentf	Total f
	At 1 April 2022 Additions	367,188 576	209,654 19,357	12,126	588,968 19,933
	At 31INarch 2023	367,764	229,011	12,126	608,901
	Depreciation
	At 1 Apri( 2022 Charge for the year	232,696 10,447	203,964 8,082	9,097 1,514	445,757 20,043
	At 31March 2023	243,143	212,046	10,611	465,800
	Carrying amount
	At 31March 2023 At 31March 2022	124,621 134,492	16,965 5,690	1,515 3,029	143,101 143,211
13.	Investments
					Usted
					Investments
	Cost orvaluation				8
	At 1 April 2022 Additions				731,574
	Dispose ls Fair value movements				127,096 (113,660)
	At 31INarch 2023				(28,492) 716,518
	Impairment
	At 1April 2022 and 31March 2023
	Carrying amount
	At 31 INarch 2023 At 31 March 2022				716,516
					731,574
	All investments shown above are held at valuation.
14.	Stocks
				2023	2022
	Raw materials and ccnsumables			6 990	900

			2023	2022
	Trade debtors Other debtors		8 8,262	'l,685 3,477
			8,262	5,162
16.	Creditors: Amounts	falling due within one year
			2023	2022
	Trade creditors Accruats and deferred income Social securily and other taxes Other creditors		7,847 3,120 2,122 2,841	6 12,470 2,880 2,257
			15,930	17,607

Restricted funds
Notional rent Boiler Miscellaneous	At 1 April 2022 8 1,658		Income 8 10,000	Expenditure 6 (10.000) (49)	Gains and losses 8	Transfers 6	At31 March 2023 8 1,609
equipment Boiler Hairdresser		1,720 11,375		(161) (3,500)			1,559 7,875
blinds		46		(12)			34
		14.799	10,000	(13,722}			11,077
	At	1April			Gains and		At 31 March
Notional rent Centre doors Boiler Miscellaneous		2021 6 1,013 1,707	Income 8 10,000	Expenditure f (10,000) (1,013) (49}	losses	Transfers 8	2022 8 1,658
equipment Boiler Hairdresser	1,881 14,875			(161) (3,500)			1,720 11,375
blinds		58		(12)			46
	19,534		10,000	(14,735)			14,799

Endowment	funds
Permanent		At 1 April 2022	Income	Expenditure	Gains and losses	Transfers f	At 31 March 2023 8
endowment	fund	263,429	1,120	(2,749)	(13,310)	(1,304)	247,186
		At 1 April			Gains and		At 31'March
Permanent		2021 6	Income 6	Expenditure R	losses R	Transfers	2022 6
endowment	fund	263,920	942	(2,931)	6,511	(5,013)	263,429

Unrestricte	d funds
		At 1 April			Gains and		At31March
General Designated	fixed	2022 6 14,634	Income K 656,343	Expenditure (388,188)	losses 6	Transfers 8 (25,370)	2023 257,419
assets Designated		133,412		(16,321)		19,932	137,023
investments		468,145	13,926	(4,299)	(15.182)	6,742	469,332
		616,191	670,269	(408,808)	(15,182)	1,304	863.774
		At 1 April			Gains and		At 31March
General Designated	fixed	2021 6 60,997	Income 8 217.157	Expenditure (323,972)	losses 6 —	Transfers 8 60,452	2022 6 14,634
assets Designated		140,245		(11,237)		4,404	133,412
investments		470,272	16,426	(4,644)	45,934	(59,843)	468,145
		671,514	233,583	(339,853)	45,934	5,013	616,191

							Permanent
					Unrestricted	Restricted	endowment	Total Funds
					Funds 8	Funds	funds 8	2023f
	Tangible fixed assets Investments Net current assets				132,024 469,332 262,418	11,077	247,186	'I43,101 716,518 262,418
	Net Assets				863,774	11,077	247,186	1,122,037
	As at 31March 2022
							Permanent
					Unrestricted	Restricted	endowment	Total Funds
					Fundsf	Funds 2	funds F	2022 6
	Tangible fixed assets				128,412	14,799		143,211
	Investments				468,145		263,429	731,574
	Net current	assets			19,634			19,634
	Net Assets				616,191	14,799	263,429	894,419
19.	Financial instruments
	The carrying	amount of0nancial					2023	2022
	instruments	at31March 2023were:					8	8
	Financial assets measured			at fair value
	Investments						716,518	731,574
20.	Analysis of	changes	in net debt
								At
						At 1 Apr 2022	Cash flows	31Mar 2023
						6		8
	Cash at bank and in hand					31,179	237,917	269,096

The total future minimum	lease payments	leases are ss	follows:
		2023	2022
Not later than 1year Later than 1 year and not Later than 5years	later than 5years	10,000 40,000 510,000	5 10,000 40,000 520,000
		560,000	570,000