CHARITY REGISTRATION NUMBER: 1160955
Newmarket Day Centre CIO
Financial statements
31 March 2024

Newmarket Day Centre CIO
Financial statements
Year ended 31 March 2024
Pages
Trustees, annual report
1to6
Independent auditorfs reporl to the truslees
7t010
Statement of financial activities
11
Balance sheet
12
Statement of cash flows
13
Notes to the financial stslements
14to24

Newmarket Day Centre CIO
Trustees. annual report
Year ended 31 March 2024
The trustees present their report and the financial statements of the charity for the year ended
31 March 2024.
The financial statements have been prepared in accordan￿ with the accounting policies set out in notes to
the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and
Reporling by Charities.. Siatement of Recommended Practice applicable lo charilies preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
published in October 2019.
Reference and administrative details
Registered charity name
Newmarket Day Centre CIO
Charity registration number
1160955
Principal office
Fred Archer Way
Newmarket
Suffolk
CB8 8NT
The truslees
The trustees who served during the year and at the date of approval were as follows:
J Calvert (Chairman)
T Wood (Treasurer)
P Creagh-coen
T Ellis
E pe￿Ott
A Walmsley
N Wright (Chair of friends of Newmarket Day Centre)

Newmarket Day Centre CIO
Trustees. an nual report {continu8d)
Year ended 31 March 2024
Management Team
V Fixe (Centre Manager)
L Stephenson (Duty Manager)
Bankers
Barclays Bank PIC
58 High Street
Newmarket
Suffolk
CB8 9AA
CCLA Investment Management Ltd
80 Cheapside
London
EC2V 6DZ
Investment managers
Charfes Stanley & Company Limtted
25 Luke Streer
London
EC2A 4AR
Auditor
Lovewell Blake LLP
Chartered accountants & statutory auditor
Bankside 300
Peachman Way
Broadland Business Park
NO￿lCh
NR7 OLB

Newmarket Day Centre CIO
Trustees. an nual report {continu8d)
Year ended 31 March 2024
Objectives and activities
The trustees refer to the guidance in Section 17(5) of the Charities Act 2011 on public benefit when
reviewing Iheir aims and objectives and planning their future activities.
The Charity's Objectives, in line with the prior year, are for the public benefit the relief of over 50's living in
and around Newmarket, in particular by the provision of facilities for the support education, recreation,
physical and mental wellbeing.
The Centre regularly engages in a variety of activities aimed at fostering community engagement and
personal development. These include educational events, recreational sports including Yoga, and cultural
events. These activities collectively create a vibrant and supportive environment for participants.
Achievements and perfomiance
Firstly, I would like to Ihank all the staff for their unstinting and loyalty to Ihe Day Centre without whom we
not be able to provide all the facilities and services.
Whilst thanking the staff they would not be able to cary out all the tssks and services without the help of
the many Volunteers who give up their time freely and for no pecuniary award.
We have been fortunate during the year to have received some large donations and legacies- it is quite
heartening to have been remembered by those that are no longer with us and demonstrates the way the
Day Centre is valued by those in the community who use our facilities.
The Friends continue to be a huge source of fundraising with their July Lunch on the Racecourse and
Winter Lunch in Thurlow Barns as well as the bridge evening at the Centre. with new ideas on the horizon.
We experimented in 2022 by opening the Orangery on Saturday momings, we have seen a decrease in
numbers resulting in increased costs. something that we will be monitoring closely moving fotward.
We were unfortunate to have lost our 5-Star Food Hygiene rating, due to the kitchen being old and worn,
however we are extremely pleased to say that with the legacies and donations from various sources over
the years, we were finally able to have our Kitchen Refurbished, resulting in the Centre getting back the 5
stsrs.
Our dated and tired dining and lounge fumiture was replaced in using donations and legacies.
We have achieved so much over this year mainly due to the continued donations from various sources in
Newmarket and surrounding villages, we thank each and every one of you.

Newmarket Day Centre CIO
Trustees. an nual report {continu8d)
Year ended 31 March 2024
Financial review
Income in the year on charitable activities increased to £256,648 (2023.. £203,101 } overall income also
increased to £1,337,414 (2023 £681.389) mainly as a result of legacies received in the year. The resulting
expenses increased to £547,979 (2023- £425,279). The net gain for the year before (losses)Igains on
investmenl movements amounted to £789.43512023'. nel gain of £256.1101. Investrnent gains amounted to
£55,29312023.' losses of £28,492), contributing to an overall increase in funds of £844,728 (2023.. increase
in funds of £227,618).
Investment Policy
The Iruslees have the power under the consliiution to invest Ihe charitys funds in any way they think fit
provided they obtain and consider professional investment advice. The trustees, investment policy is to take
a sensible middle course with the aim of achieving a steady increase in both capital and income. In
accordance with this policy, Charles Stanley manages the investment portfolio on a discretionary basis.
Reserves Policy
This policy has been produced in accordance with the Charity Commissioners. guidelines on charities,
reserves and the definition of reserves contained therein. Consequently rese￿eS exclude:
The pemianent endowment fund - the trustees are legally bound to hold the capital indefinitely. It is only the
income generated on this fund which can be applied towards the centre's running costs,. The restricted
funds - which can only be applied for those purposes for which the original funding was provided and not
lowards general running expenses., The designated funds - these funds are designated by the trustees and
can only be realised by disposing of tangible fixed assets or fixed asset investments held for charity use.
The Iruslees recognise that the cenlre needs to hold freely available reserves for its general purposes= (a)
because it is substantially dependent on voluntary income which is inevitably subject to fluctuation from
year to year: (b) to maintain its significant commitments and obligations to its communiiy and meet the
growing demands on the centre,. and (c)to provide protection against unforeseen expenditure and events.
The trustees aim to maintain unrestricted reseNes which are sufficient: {a) to avoid the necessity of
realising fixed assets held for the charivs use- {b) to cover operating costs in a range which is the
equivalent of 2 to 6 months core expenditure which would amount to between £91,330 and £273,990.
Total reserves at 31 March 2024 were £1,966,765 {2023'. £1,122,307), which included restricted funds of
£15,513 (2023.. £11,077) and designated funds of £755,878 {2023= £606,355). As noled above, all
designated funds represent the value of fixed assets (tangible and investments) and can only be realised by
disposing of the related assets.
At 31 March 2024 the centre's unrestricted. undesignated reserves stood at £875,626 {2023: £257,419,
which was some way above target. as a result of high legacy income in the year. This additional level of
reserve will ensure the centre is able to invest further in its activities over the coming year. The trustees
monitor the level of reserves and their reserves policy on a regular basis and are able to undesignated and
withdraw down investments to meet this need as necessary.
Plans for future periods
To upgrade and replace windows and doors allowing to save on overall costs. to update the chiropody
room, to replace corridor and stair vinyl flooring.
We have increased our profile in the town and will continue to do so further afield liaising with third parties
lo allow cliental to receive the support and services they require.

Newmarket Day Centre CIO
Trustees. an nual report {continu8d)
Year ended 31 March 2024
Structure, governance and management
Governing instrument
The Gharity is governed as a Charitable Incorporated Organisation (CIO) with effect from 13 April 2015. A
new constitution was agreed and registered with the Charty Commission on 17 March 2015. The charity is
govemed by its board of trustees.
Trustees and Operational Structure
The Trustees of the Centre during the year are shown in the reference and administrative details of these
accounts.
The Trustees are responsible for the strategic direction, govemance and policies of the CIO. Day lo day
operation of the Centre is delegated to the Centre Manager, with regular, but infomal, liaison with the
Treasurerfs support they continue to set and monitor the budgets for the Centre as a whole and each
department.
Trustees will consider whether new trustees are required. with specific skills to help run the charity more
effectively. They then agree what skills, experience and knowledge are needed and write it down in the
fomi of a short job description and person specification.
The trustees consider the best methods of attracting a diverse range of candidates with the skills the charity
needs. This may include advertising intemally and exiemally on webpage vacancies or with third party.
The trustees check that the candidates have not been disqualified from acting as trustees, and candidates
are asked to confimi in writing Ihat this is Ihe case.
Candidates are asked to consider and declare any existing or potential conflicts of interest.
Upon appointment. key documents are circulated to all new Trustees.
induction is vital part of the process of ensuring that trustees can become valuable and effective
members of the board as quickly as possible. Providing an induction programme that is suitable for the new
trustee and which will equip the trustee with the information they need.
New Trustees are also introduced to all staff within the charity to gain a clear understanding of how the
charity operates.
Pay for key management of the centre is determined by the Board of Trustees.
Risk Management
A risk management report is prepared on an annual basis, Trustees wrll consider management structure,
staffing levels, appointment of new trustees, health and safety budgets, maintenance and the impact of the
National Living Wage.
True and fair override
The financial slatemenls have been prepared to give a 'true and fairf view and have departed from the
Charities (Accounts and Reports)Regulations only to the extent required to provide 'true and fair view,. This
departure has involved following the 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 issued in October 2019 rather than Ihe Accounting
and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has
since been withdrawn.

Newmarket Day Centre CIO
Trustees. an nual report {continu8d)
Year ended 31 March 2024
Truslees. responsibilities statement
The trustees 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).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements
for each year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources, of the charity for Ihat 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 in the applicable Charities SORP-
make judgments and accounting estimates Ihat are reasonable and prudent-
prepare the financial statements on the going concem 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 Charities Act 2011, the
Charities {Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. 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.
2910112025
The trustees, annual report was approved on
trustees by=
and signed on behalf of the board of
T Wood (Treasurer)
Trustee

Newmarket Day Centre CIO
Independent auditor's report to the trustees of Newmarket Day Centre CIO
Year ended 31 March 2024
Opinion
We have audited the financial statements of Newmarket Day Centre CIO {the 'chariWI for the year ended
31 March 2024 which comprise the statement of financial activities. balance sheet. statement of cash flows
and the related notes, including significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements=
give a true and fair view of the stste of the charity's affairs as al 31 March 2024 and of its inGoming
resources and application of resources, including its income and expenditure, for the year Ihen ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UKI) and
applicable law. Our responsibilities under those standards are further described in the auditor
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial slatements
in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
aGGordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concem
In auditing the financial statements, we have concluded that the trustee's use of the going concern basis of
aGGounling in the preparation of the financial siatements is appropriate. Based on the work we have
performed, we have not identified any material uncertainties relating to events or conditions that,
individually or collectively. may cast significant doubt on the charitys ability to continue as a going concern
for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustee with respect to going concern are described in the
relevantsections of this report.
Other information
The other information comprises the infomiation included in the trustee's annual report, other than the
financial statements and our auditorfs report thereon. The trustee is responsible for the other
informalion.our opinion on the financial statements does not cover the other infonnation and we do not
express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with the financial siatements or our knowledge obtained in the course of Ihe audit or
othemise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements. we are required to determine whether this gives rise to a material misstatement in
the financialstalements themselves. If, based on the work we have performed, we conclude that there is a
material misstalement of Ihis other information, we are required to report that fact.
We have nothing to report in this regard.

Newmarket Day Centre CIO
Independent auditor's report to the trustees of Newmarket Day Centre CIO
(continued)
Year ended 31 March 2024
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts
and Reports) Regulations 2008 require us to report to you if, in our opinion..
the information given in the trustee'sreport is inconsistent in any material respect with the financial
sLgtements; or
sufficient accounting records have not been kept" or
the financial statements are not in agreement with the accounting records- or
we have not received all the infomiation and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in Ihe trustee's responsibililies statement set out on page 31, the trustee is
responsible for the preparation of the financial statements and for being satisfied that they give a true and
fair view, and for such intemal control as the trustee determines is necessary to enable the preparation of
financial statements that are free from material misststement, whether due to fraud or error.
In preparing the financial statements. the trustee isresponsible for assessing the charity's ability to continue
as a going concem, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the trustee either intends to liquidate the charity or to cease operations, or have
no realistic alternative but to do so.

Newmarket Day Centre CIO
Independent auditor's report to the trustees of Newmarket Day Centre CIO
(continued)
Year ended 31 March 2024
Auditor's responsibilities for the audit of the financial statements
We have been appointed as audilor under section 144 of the Charilies Acl 2011 and report in accordance
with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance aboul whether the financial statemenls as a whole are
free from material misstatement. whether due to fraud or error, and to issue an auditorfs report that includes
our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit
conducted in accordance with ISAs{UK) will always detect a material misststement when it exists.
Misstatemenls Gan arise from fraud or error and are considered material if, individually or in in the
aggregate, they could reasonably be expected to Influen￿ the economic decisions of users taken on the
basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below=
Enquiry of management and those charged with govemance;
Enquiry of entity staff compliance functions to identify any instances of non-compliance with laws and
regulations.,
Reviewing financial statement disclosures and testing to supporting documentation to assess
compliance with applicable laws and regulations-
Performing audit work over the risk of management override of controls, including tesling of joumal
entries and other adjustments for appropriateness. evaluating the rationale of significant transactions
outside the normal course of activities and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the events
and transactions reflected in the financial siatements, as we will be less likely to become aware of
instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather
than error. as fraud involves intentional Con￿alment. forgery. collusion. omission or misrepresentation.
A further
description
of our responsibilities
is
available
on
the FRC'S website at..
www.frc.org.uldlibrarylstandards-codes-policylaudit-assurance-andothicslauditors-responsibilities-for-the-a
udit.This description fomis part of our auditor's report.

Newmarket Day Centre CIO
Independent auditor's report to the trustees of Newmarket Day Centre CIO
(continued)
Year ended 31 March 2024
Other matters which we are required to address
The charity was exempt from audit in the year ended 31 March 2023 and consequently the corresponding
figures are unaudited.
Use of our report
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. Our audit work has been undertaken so that we might state to
the charity's trustees those matters we are required to state to them in an auditor's report and for no other
purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other
than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we
have formed.
Mark Proctor FCA DChA (Senior Statutory Auditor)
For and on behalf of
Lovewell Blake LLP
Charlered accountants & statutory auditor
Bankside 300
Peachman Way
Broadland Business Park
Norwich
NR7 OLB
3010112025
10-

Newmarket Day Centre CIO
Statement of financial activities
Year ended 31 March 2024
2024
Restricted Endowment
funds
funds Total funds
2023
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activilies
Other trading activities
Investment income
1,018,874
256.648
35.921
15.108
10.000
1,028,874
256,648
35,921
15.971
414,943
203,101
48,299
15.046
863
Total income
1.326.551
10.000
863
1,337.414
681,389
Expenditure
Raising funds
Costs of other trading
activities
Investment management
costs
Charitable activities
13,375
13,375
11,869
4,666
512.684
2,790
7,456
527,148
7,023
406,387
14,464
Total expenditure
530,725
14,464
2,790
547.979
425,279
Net income and net
movements in funds before
gains and losses on
investments
795,826
(4,464)
(1,927)
789,435
256,110
Net gainsl{lossesl on
investments
29,771
25,522
55,293
(28,492)
Net income before transfer of
funds
825,597
(4,464)
23,595
844,728
227,618
Transfers between funds
(57.867)
8.900
48.967
Net movement in funds
767,730
4,436
72,562
844.728
227,618
Reconciliation of funds
Total funds brought forward
Total funds carried forward
863.774
11,077
247,186
1,122.037
894,419
1,631.504
15,513
319,748
1,966,765
1,122,037
The stalement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 14 to 24 fomi part of these financial statements.
11

Newmarket Day Centre CIO
Balance sheet
31 March 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
Investments
12
13
215,829
870,310
143,101
716,518
1.086.139
859,619
Current assets
Stocks
Debtors
Cash at bank and in hand
14
15
990
8,340
901,179
990
8,262
269,096
910,509
278.348
Creditors: Amounts falling due within
one year
16
(29,883)
(15,930)
Net current assets
880,626
262,418
Total assets less current liabilities
1.966,765
1.122,037
Net assets
1.966,765
1.122,037
Funds of the charity
Endowment funds
Restricted funds
Unrestricted funds
319,748
15,513
1,631,504
247,186
11,077
863,774
Total Gharity funds
17
1,966,765
1,122,037
These financial statements were approved by the board of trustees and authorised for issue on
29/1120￿........, and are signed on behalf of the board by..
T Wood (Treasurer)
Trustee
The notes on pages 14 to 24 fomi part of these financial statements.
12-

Newmarket Day Centre CIO
Statement of cash flows
Year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net income
844,728
227,618
Adjustments for..
Depreciation of tangible fixed assets
Net gainsl{lossesl on investments
Dividends, interest and rents from investments
Other interest receivable and similar income
Accrued expenses
21.009
(55.293)
(15,856)
11151
10,080
20,043
28,492
115,046)
240
Changes in."
Stocks
Trade and other debtors
Trade and other creditors
{90}
(3,100)
(1,917)
256,240
(78)
3,873
Cash generated from operations
808,348
Interest received
115
Net cash from operating activities
808.463
256,240
Cash flows from investing activities
Dividends, interest and rents from investments
Purchase of tangible assets
Purchases of other investments
Proceeds from sale of other investments
15,856
(93,737)
(129,135)
30.636
15,046
119,933)
1127,096)
113,660
Net cash used in investing activities
(176,380)
118,323)
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
632.083
269,096
237,917
31,179
901,179
269,096
The notes on pages 14 to 24 fomi part of these financial statements.
13-

Newmarket Day Centre CIO
Notes to the financial statements
Year ended 31 March 2024
General information
The charity is a registered Charitable Incorporated Organisation in England and Wales. The registered
address and principal office is Fred Archer Way. Newmarket, Suffolk. CB8 8NT.
Statement of compliance
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordan￿ with Accounting and Reporting by Charities.. Statement of
Recommended practi￿ applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102),
the Charities Act 2011 and UK Generally A￿pted Accounting Practi￿.
The financial stalemenls have been prepared to give a 'true and fairf view and have departed from the
Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and
fair view.. This departure has involved following the 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 issued in October 2019
rather than the Accounting and Reporting by Charities: Statement of Recommended Practi￿ effective
from 1 April 2005 which has since been withdrawn.
Accounting poliGies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation investments measured at fair value through income or expenditure.
The financial statements are prepared in sterling. which is the functional currency of the entity.
Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The accounts have been prepared on the on going concem basis and the Trustees believe Ihat no
material uncertainties exist. The Trustees have considered the level of funds held and the expected
income and expenditure for Ihe next 12 monlhs from authorising these financial statement. The
budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to
continue as a going concem.
Fund accounting
Unreslricted funds are available for use at Ihe discretion of the trustees to further any of the charity's
purposes.
Designaled funds are unreslricted funds earmarked by the tTUStees for particular future project or
commitment.
Restricted funds are subjecled to restrictions on Iheir expenditure declared by the donor or through
the temis of an appeal, and fall into one of Iwo sutFclasses.' restricted income funds or endowment
funds.
14-

Newmarket Day Centre CIO
Notes to the financial statements {continuedJ
Year ended 31 March 2024
Accounting policies (Continued)
Income
All income is included in Ihe statement of financial activities when enlillement has passed to the
charity, it is probable that the economic benefits associated with the transaction will flow to the charity
and the amount can be reliably measured. The following specific policies are applied to particular
categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the gift,
receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impracticle to
measure reliably. in which case the value is derived from the cost to the donor or the estimated
resale value. Donated facilities and services are recognised in the accounts when received if the
value can be reliabily measured. No amounts are included for the contribution of general
volunteers.
income from contracts for Ihe supply of semces is recognised with the delivery of the contracted
service. This is classified as unrestricted funds unless there is a contractual requirement for it to
be spent on a particular purpose and returned if unspent. in which case it may be regarded as
restricted.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities lo which it relates-
expenditure on raising funds includes the costs of all fundraising activities. events. non-
charitable trading activities. and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity
nor part of its expenditure on charitable activities.
I costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Operating leases
Lease payments are recognised as an expense over the lease temi on a straight-line basis. The
aggregate benefit of lease incentives is recognised as a reduction to expense over the lease tem, on
a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at
the fair value at the date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impairnient losses.
15-

Newmarket Day Centre CIO
Notes to the financial statements {continuedJ
Year ended 31 March 2024
Accounting policies (Continued)
Tangible assets (continued)
An increase in the caryng amounl of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impaimient thal has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown wilhin other
recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over Ihe useful economic life of that asset as follows..
Leasehold propety and
improvement
Centre fumiture, fittings and
equipment
Shop equipment
2 % or 10% straight line
10Yo or 250/0 straight line
25Yo straight line
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If
fair value cannot be reliably measured. assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income
or expenditure.
Stocks
StOGks are measured at the lower of cost and eslimaled selling price less cosls lo complete and sell.
Cost includes all costs of purchase. costs of conversion and other costs incurred in bringing the stock
to its present location and condition.
Donations and legacies
Unrestricted
Funds
Restricled Total Funds
Funds
2024
Donations
Other donalions
George Gibson Almshouse Foundation - rent
22,497
22,497
10,000
10,000
Legacies
Legacies
981,959
981,959
Grants
Grants
14,418
14,418
1,018,874
10,000
1,028,874
16-

Newmarket Day Centre CIO
Notes to the financial statements {continuedJ
Year ended 31 March 2024
Donations and legacies (continued)
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Other donations
George Gibson Almshouse Foundation - rent
31,646
31,646
10,000
10.000
Legacies
Legacies
365.797
365,797
Grants
Grants
7.500
7,500
404,943
10.000
414,943
Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Day care including teas and meals
Chiropody and hairdressing
231,821
24,827
231,821
24,827
179.453
23,648
179,453
23,648
256,648
256,648
203,101
203,101
Investment income
Unrestricted Endowment Total Funds
Funds
Funds
2024
Investment income
Interest received
14,993
115
863
15,856
115
15,108
863
15,971
Unrestricted Endowment Total Funds
Funds
Funds
2023
Investment income
Interest received
13,926
1,120
15,046
13,926
1,120
15,046
17-

Newmarket Day Centre CIO
Notes to the financial statements {continuedJ
Year ended 31 March 2024
Expenditure on charitable activities
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Care services
Water rates
Rates
Light and heat
Property expenses
Cost of providing meals
Hygiene and cleaning
Repairs and insurance
Depreciation
Support costs
167,588
2,937
1.101
39,324
34,242
148,977
20.450
167,588
2,937
1,101
39,324
48,706
148,977
20.450
14,464
6,260
91,805
6,260
91,805
512,684
14,464
527,148
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Care services
Water rates
Rates
Light and heat
Property expenses
Cost of providing meals
Hygiene and cleaning
Repairs and insurance
Depreciation
Support costs
134,512
2,232
1.127
29,054
22,634
130,051
14,893
897
8,082
49,183
134,512
2,232
1,127
29,054
36,356
130,051
14.893
897
8,082
49,183
13,722
392,665
13,722
406,387
Analysis of support costs
2024
2023
Office costs
Legal and professional
Audilors and examiners fee
Sundry expenses
56.324
21,582
13,140
759
26,877
17,258
3,120
1,928
91,805
49,183
Net gainsl{losses) on investments
Unrestricted Endowment Total Funds
Funds
Funds
2024
Gainsl(losses) on listed investments
29,771
25,522
55,293
Unrestricted Endowment Total Funds
Funds
Funds
2023
Gainsl(losses) on listed investments
{15.182)
(13.310)
128,492)
18-

Newmarket Day Centre CIO
Notes to the financial statements {continuedJ
Year ended 31 March 2024
Net income
Net income is stated after chargingl(crediting)=
2024
2023
DepreGiation of tangible fixed assets
21,009
20,043
10. Staff costs
The totsl stsff costs and employee benefrts for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security costs
Pension costs
229.649
11,280
3,411
175,887
7,161
2,257
244,340
185,305
The total staff costs and employee benefits are then expensed by service in the notes to the accounts
as follows=
2024
2023
Care services
Costs of providing meals
Support Gosts office costs
154.007
67,504
22,829
122.372
61,782
1,151
244,340
185,305
The average head count of employees during the year was 14 (2023: 11).
No employee received employee benefits of more than £60.000 during the year (2023: Nil).
11. Trustee remuneration and expenses
The key management personnel of the charity comprise the trustees and the management team. The
total amount of employee benefits (including employer pension contributions) and fees received by the
management team for their services to the charity was £50,294 (2023: £49,287).
No trustee received any remuneration for se￿I￿S as a trustee in the current or prior year from the
Charity. The trustees received reimbursement of expenses during the year totalling £889 (2023..
£2801.
19-

Newmarket Day Centre CIO
Notes to the financial statements {continuedJ
Year ended 31 March 2024
12. Tangible fixed assets
Centre
Leasehold
furniture,
property and fittings and
improvement
equipment
Shop
equipment
Total
Cost
At 1 April 2023
Addilions
367,764
61,836
229,011
2,848
12,126
29.053
608,901
93,737
At 31 March 2024
429,600
231,859
41.179
702,638
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
243,143
11,124
212,046
6,260
10,611
3.625
465,800
21,009
254,267
218,306
14.236
486,809
Carrying amount
At 31 March 2024
175,333
13,553
26,943
215,829
At 31 March 2023
124,621
16,965
1,515
143,101
13. Investments
Listed
investments
Cost or valuation
At 1 April 2023
Additions
Disposals
Fair value movements
716.518
129,135
{30,6361
55,293
At 31 March 2024
870,310
Impainnent
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
870,310
At 31 March 2023
716,518
All investments shown above are held at valuation.
14. Stocks
2024
2023
Raw materials and consumables
990
990
-20-

Newmarket Day Centre CIO
Notes to the financial statements {continuedJ
Year ended 31 March 2024
15. Debtors
2024
2023
Trade debtors
Other debtors
6,635
1,705
8,262
8,340
8,262
16. Creditors: Amounts falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other taxes
Other Greditors
12,617
13.200
3,411
655
7,847
3.120
2,122
2,841
29,883
15,930
21

Newmarket Day Centre CIO
Notes to the financial statements {continuedJ
Year ended 31 March 2024
17. Analysis of charitable funds
Restricted funds
At 1 April
2023
Gains and
(losses)
At 31 March
2024
Income Expenditure
Transfers
Notional rent
Boiler
Miscellaneous
equipment
Boiler
Hairdresser
blinds
Chairs and tables
10,000
(10,000)
{49)
1.609
1,560
1,559
7,875
{161)
(3,500)
1,398
4,375
(12)
{742)
(14,464)
22
8,158
8,900
11,077
10,000
8.900
15,513
At 1 April
2022
Gains and
(losses)
At 31 March
2023
Income Expendibjre
Transfers
Notional rent
Boiler
Miscellaneous
equipment
Boiler
Hairdresser
blinds
10,000
(10.000)
{49)
1.658
1,609
1.720
11,375
{161)
{3.500)
1,559
7,875
46
(12)
(13,722)
34
14,799
10,000
11,077
The restricted notional rent fund represents an annual donation in kind in respect of rental
expenditure.
The kitchen equipment, ￿ntre doors. boiler, hairdresser blinds and chairs and tables restricted funds
all represent the net book value of fixed assets purchased using restricted donations in previous
years. The value of the fund will be reduce inline with the useful economic lives of the assets held
within the fund.
The miscellaneous equipment restricted funds represent the net book value of equipment acquired
from reslricted income in previous periods. The value of the fund will be reduce inline with the useful
economic lives of the assets held within the fund.
-22-

Newmarket Day Centre CIO
Notes to the financial statements {continuedJ
Year ended 31 March 2024
Endowment funds
At 1 April
2023
Gains and
(losses)
At 31 March
2024
Income Expendiiure
Transfers
Permanent
endowment fund
247,186
863
(2.790)
25,522
48,967
319,748
At 1 April
2022
Gains and
(losses)
At 31 March
2023
Income Expendiiure
Transfers
Permanent
endowment fund
263,429
1,120
(2.749)
(13,310)
(1,304)
247,186
The permanent endowment fund relates to monies received to be held as a pemianent endowment of
the Newmarket Day Centre. The fund includes any movements in market value of the fund during the
year. The charity uses income generated from the restricted investment fund to cover the charity's
general expenditure.
Unrestricted funds
At 1 April
2023
Gains and
(losses)
At 31 March
2024
Income Expenditure
Transfers
General
Designated fixed
assets
Designaled
investments
257,419
1,311,443
(509,514)
(183,722)
875,626
137,023
(16.545)
84,838
205,316
469.332
15,108
(4.666)
(530,725)
29,771
41,017
550,562
863,774
1,326,551
29,771
(57,867) 1,631,504
At 1 April
2022
Gains and
(losses)
At 31 March
2023
Income Expenditure
Transfers
General
Designated fixed
assets
Designated
investments
14,634
656,343
(388,188)
{25,370)
257,419
133.412
(16.321)
19.932
137.023
468,145
13,926
(4,299)
(408,808)
(15,1821
(15,182)
6.742
469,332
616,191
670,269
1,304
863,774
The designated fixed asset fund represents the net book value of the charity's fixed assets acquired
from previously designated income as well as additional funds to cover expected future fixed asset
additions set at £5.000 (2023.. £5,000). The value of the fund will be reduce inline with the useful
economic lives of the assets held within the fund.
The designated investment fund represents donations received in previous years which are held to
provide a source of income to support the centre's operation in future years. The fund includes any
movements in market value of Ihe fund during the year. The charity uses income generaled from the
investment fund to cover the charity's general expenditure. The trustees have decided that a minimum
of £150,000 should be retained within the fund at all times.
-23-

Newmarket Day Centre CIO
Notes to the financial statements {continuedJ
Year ended 31 March 2024
18. Analysis of net assets between funds
As at 31 March 2024
Pemianent
endowment Total Funds
funds
2024
Unrestricted
Funds
Restricted
Funds
Tangible fixed assets
Investments
Net current assets
200,316
550.562
880.626
15,513
215,829
870,310
880.626
319,748
Net Assets
1,631,504
15,513
319.748
1,966,765
As al 31 March 2023
Pemianent
endowment Total Funds
funds
2023
Unrestricted
Funds
Reslricted
Funds
Tangible fixed assets
Investments
Net current assets
132,024
469,332
262,418
11,077
143,101
716,518
262,418
247.186
Net Assets
863,774
11,077
247,186
1,122,037
19. Analysis of changes in net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
269,096
632,083
901,179
20. Operating lease commitments
The total future minimum lease payments under non-cancellable operaling leases are as follows..
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
10,000
40,000
500,000
10,000
40,000
510,000
550,000
560,000
21. Related parties
Whilsl T Wood, a trustee, does not receive remuneration from Ihe charity for his services as a
Trustee, he was paid consultancy fees £10,750 {2023: £11,840).
There were no other related paty transactions in this or the prior year.