**Charity registration number 1175294** **Company registration number 10847748 (England and Wales)** ## **FARNCOMBE DAY CENTRE LIMITED** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **FARNCOMBE DAY CENTRE LIMITED** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Dr E W Hislop (Chair) Ms S Thompson Mr T M Gammon Ms L A Grout Mr M E D Fry Ms J E Elcombe (Appointed 11 April 2023) Mr D Barker (Appointed 11 April 2023) Ms R Thomson (Appointed 14 September 2023) **Charity number** 1175294 **Company number** 10847748 **Registered office** Farncombe Day Centre **and Principal address** St John's Street Farncombe Godalming Surrey GU7 3EJ **Independent examiner** Frances Wilde FCCA DChA Warner Wilde Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF **Bankers** Co-operative Bank PLC - Manchester 1 Balloon Street Manchester M60 4EP Lloyds Bank PLC - Godalming 49 High Street Godalming Surrey GU7 1AT ## **FARNCOMBE DAY CENTRE LIMITED** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 3| |Independent examiner's report|4| |Statement of financial activities|5 - 6| |Balance sheet|7| |Notes to the financial statements|8 - 20| ## **FARNCOMBE DAY CENTRE LIMITED** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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)". ## **Objectives and activities** The Trustees operate a day and social centre for those living in the Farncombe and Godalming area. The Centre is open every weekday throughout the year. The service provided is used primarily by those over the age of 50 but is encouraging more attendance by younger users. Its main objectives are providing a nutritious mid-day meal at a reasonable price, adjusted annually in line with inflation, offering social activities and entertainment, and providing additional services, such as assisted bathing, chiropody, hairdressing etc. Many users would be unable to attend the Centre without transport, so the Charity operates a minibus, which, for a subsidised price, provides individual door to door transport. The minibus is equipped with a tail lift to accommodate wheelchairs and those who cannot use stairs. The Centre also provides a Community Meals Service (CMS), which delivers meals within the area of Godalming, Farncombe and Milford. As well as providing the same two course midday meal, the service also offers the delivery of a light tea and the option of the delivery of frozen meals to cover weekends and other holidays. The CMS service is delivered to users’ homes by volunteer drivers and also provides an important social benefit as it allows the Centre, through its drivers, to check on the wellbeing of users. The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Achievements and performance** During 2023-24, the Centre continued to experience increasing demand from the community with both the inhouse meals and the CMS in part due to the closure of similar facilities in the area. As well as the grants covered in the following section, the Centre continued to receive support from local businesses and the wider community, all of which were extremely helpful in allowing the Centre to continue to operate. The Day Centre staff are very dedicated, and they are assisted by supportive and kind volunteers. It is truly a team effort, for which the Trustees and users are very grateful. The cost of providing paid staff to carry out these essential duties would be considerable. Along with many other charitable organisations, we continue to have some difficulty in recruiting volunteers. In addition to providing financial support for the Day Centre through the partnership, Waverley Borough Council has been most generous in providing and maintaining the Day Centre premises. ## **Financial review** Our net income for the financial year decreased by £14,159 to a loss of £7,437. Our total Income increased by £15,865, however this was offset by an increase in expenditure of £30,024. The Charity is supported by Waverley Borough Council both by direct funding and the provision of premises. The 3-year Funding Agreement which commenced on April 1, 2022 from the Council provides a grant of £60,000 per year. This grant accounts for 27.5% of the Charity’s running costs. The Trustees appreciate that working together with Waverley Borough Council in the context of this agreement enables the Day Centre to continue to provide its services to the local community. The Charity benefitted from generous grant funding to support the running of the Day Centre’s minibus services. We recorded income in the year of £10,833 from the Henry Smith Charity (through the Community Fund for Surrey), and £5,000 from Godalming Town Council. A further grant was received from the Community Foundation for Surrey for £4,500 to fund new blinds for the centre and a further £500 for the purchase of new games. - 1 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ Donation and Gifts income received by the Charity decreased by £2,860 to £7,378. The charity benefitted from a number of ‘one off’ donations in the year as well as receiving legacies left by prior users of the centre. Income from charitable activities has increased by £21,433 to £121,126 however, expenditure at the Centre was £30,024 higher than the prior financial year. This was driven mainly by increased catering costs due to price inflation as well as higher minibus costs due to increase in lease costs driven by finance charges related to the Minibus Lease rental. The Charity’s financial accounts for 2023-24 show a loss of £7,437 for the year. The Charity normally aims to hold a general reserve of between 6 and 9 months running costs in the belief that this level provides a reasonable buffer against the sudden loss of one or more major sources of income or failure in fundraising. As at 31 March 2024 the reserve represented 8.95 months running cost. In the longer term, the Charity will need to generate a greater level of donations or income from its activities. However, the need to generate income must be balanced with the need to provide services at an affordable price for users of the Day Centre, many of whom come from the poorest parts of the Waverley Borough. The Charity has set aside sufficient funds to meet its contractual obligations of the minibus leasing agreement. The Trustees have given full consideration to alternative methods of transporting Day Centre users both to the Day Centre and for organised outings and have concluded that leasing is the most cost effective option available to ensure the Day Centre continues to operate effectively and meet the needs of its user community. ## **Risk Management** The Trustees prepare a formal Budget each year which enables them to identify significant factors and risks that Farncombe Day Centre is likely to face in the coming period. In addition, the Trustees review regularly the main operational risks to ensure the smooth functioning of its activities. The Trustees have identified and reviewed the risks to which the Charity is exposed and have appropriate controls in place. ## **Structure, governance and management** As of 1 April 2018 the Charity operating and managing the Farncombe Day Centre is Farncombe Day Centre Limited, which is controlled by its governing document, Articles of Association of November 2017. This charity has taken over from the previous charity, Age Concern Farncombe with the trustees having set up a new charitable company, limited by guarantee, Farncombe Day Centre Limited (charity 1175294 and company number 10847748). The change was formally approved by the membership of Age Concern Farncombe at an Extraordinary General Meeting on 24 July 2017. The transfer of assets and liabilities of Age Concern Farncombe to Farncombe Day Centre Limited was done by Deed of Declaration on 31 March 2018. Farncombe Day Centre has a Board of Trustees, who are also Directors of the charitable company. Trustees are appointed by the Board of Trustees at their regular meetings. The Trustees undertake the management function with meetings being held monthly or bi-monthly which are attended by the Manager to whom day to day management is delegated within defined terms of reference. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Dr E W Hislop (Chair) Ms S Thompson Mr T M Gammon Ms L A Grout Ms A Storrier (Treasurer) Mr M E D Fry Ms J E Elcombe Mr D Barker Ms R Thomson (Resigned 31 January 2024) (Appointed 11 April 2023) (Appointed 11 April 2023) (Appointed 14 September 2023) - 2 - FARNCOMBE DAY CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) R)R THE YEAR ENDED 31 MARCH 2024 Trustee applications are in￿ted from interested parties and refer￿￿eS are taken. An applicant is promded wrth on induction pad(, incluéirvJ the constitution and wvmius minute3 of TnBtee meethngs. To gain $n underslanding of th8 Day Centre's actNlties and cyrat*)n$, the app1.￿nI meets wrth Ihe Chair and is inwted l() Msil the D8y Centre prior to attending Board meetings as an obseNer. rf the Trustees and the applicant mlltuaty ag￿e. the appI￿an1 is electsd at a subsequent meeting of the Trustees. None ol the tnjstees has any benefiu31 interest in the company. Al of the ¢w8tees a￿ memb8rs of th8 company and guatanlea to eontn.bute £1 in the eb*nt of a windi¥J up. Pl•ng forfuturn P18ns for future The Trustees continLk8 to wNk to ensure the Day CW)1￿ Is a valued communty asset within the fln8n¢ial eon5traints ￿der which they operate. This wll of r￿eSSty invafve • o)ntinuiw revw of the serwes that are offered and the charges that are m*Je. together with conlinuing efforts lo expand the number of users of th8 Centr8. In addit￿n, Ihe Tiustees wiu ￿ntinue lo seek lo (thwsify Ihe Chwty's funding sourc88. The Iruslees, report was apwo¥ed by the 8oard ofTru5tee$. DrE TN8tee Oal•d'. Hi•lop (Chalrnwnl ## **FARNCOMBE DAY CENTRE LIMITED** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF FARNCOMBE DAY CENTRE LIMITED** I report to the trustees on my examination of the financial statements of Farncombe Day Centre Limited (the charity) for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** 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 that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements 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 financial statements 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 financial statements to be reached. ## **Frances Wilde FCCA DChA** Warner Wilde Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF Dated: 23 December 2024 - 4 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Current financial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
67,378
20,833
Charitable activities
**4**
121,126
-
Investments
**5**
983
-
**Total income**
189,487
20,833
**Expenditure on:**
Raising funds
**6**
220
-
Charitable activities
**7**
194,324
23,213
**Total expenditure**
194,544
23,213
**Net income/(expenditure) and movement in funds**
(5,057)
(2,380)
**Reconciliation of funds:**
Fund balances at 1 April 2023
170,571
14,918
**Fund balances at 31 March 2024**
165,514
12,538|**Total**
**2024**
**£**
88,211
121,126
983
210,320
220
217,537
217,757
(7,437)
185,489
178,052|**Total**
**2023**
**£**
94,478
99,693
284| |---|---|---| |||194,455| |||-
187,733| |||187,733| |||6,722
178,767| |||185,489| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 5 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Prior financial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
72,238
22,240
Charitable activities
**4**
99,693
-
Investments
**5**
284
-
**Total income**
172,215
22,240
**Expenditure on:**
Charitable activities
**7**
167,051
20,682
**Total expenditure**
167,051
20,682
**Net income and movement in funds**
5,164
1,558
**Reconciliation of funds:**
Fund balances at 1 April 2022
165,407
13,360
**Fund balances at 31 March 2023**
170,571
14,918|**Total**
**2023**
**£**
94,478
99,693
284| |---|---| ||194,455
187,733| ||187,733| ||6,722
178,767| ||185,489| - 6 - FARNCOMBE DAY CENTRE LIMITED BALANCE SHEET ASAT 31 MARCH 2024 X124 2023 Not•s Flxod Tangible assets 13 25,8C Current a•aets Debtors Cash at bank 8nd in h￿d 14 8.078 155,320 4,823 186,585 163.398 171,408 Cv•dltorn: •mounts fallng due within on• y•ar 15 (11.1521 (16,3991 N•t eurr•nt a•8•ts 152.246 155,009 Tolal •M•ts l•M currnnt Il•bM 178,052 185,489 Th• fvnd• olth• ¢h•rfty Reslriclgd In¢yJmo fund• Unrestrfdad fimds 12,536 165.514 14,918 170,571 19 178,052 185,489 The ¢ompany 1$ entrtlèd io the exemption from the audit fequirenwnl c4)nlal￿d in seclScfi 477 of the Companles A ZOC￿, Ihe year entjed 31 2024. The directofs ac*rMywledge their respon&bthlès for conwykng wllh the req￿reMentS of Iho Companles AGI 2 th resp8ct to accounting records ¥ftd tho preparatKsn off￿c￿l statements. The members haNY not fequlred the rAJmpafry to obtain Sn *udit ol Tts finoncaal Statements for the year in quest￿n In accordance V*ilh section 476 01 the CompaniesA¢l 2(￿. These flnanc4al Jlalemgnts have been prep•red in acts)fdanc4 wilh th8 wovts#)ns ap￿Cable to cfmnpanlas sublact lo th¢ $mal Comp￿leS regime. Thè financJal slat8m8nts We￿ appro¥*d by thts trusto&$ on ....... Dr trlsbp Ichair) Tru•t•• Company registration n￿llber 10847748 (EnglarMI and Wal8sl ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **Charity information** Farncombe Day Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Farncombe Day Centre, St John's Street, Farncombe, Godalming, Surrey, GU7 3EJ. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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 charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 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. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. - 8 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures, fittings and equipment 20% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.9 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. - 9 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** **(Continued)** ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Income from donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
7,378
-
Grants
60,000
20,833
67,378
20,833|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
7,378
10,238
-
80,833
62,000
22,240
88,211
72,238
22,240|**Total**
**2023**
**£**
10,238
84,240| |---|---|---| |||94,478| - 10 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**3**
**Income from donations and legacies**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**Grants**
Waverley Borough
Council
60,000
-
CFS - Sente Software &
Mamie Mollan funds
-
-
Godalming Town Council
-
5,000
Henry Smith Foundation
-
2,500
CFS - Cyrus Fund
-
8,333
Thomas Trust Fund
-
-
Surrey County Council
-
4,500
Other
-
500
60,000
20,833
CFS - Community Foundation Surrey|**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**(Continued)**
60,000
60,000
-
60,000
-
-
1,667
1,667
5,000
-
5,000
5,000
2,500
-
10,000
10,000
8,333
-
5,573
5,573
-
2,000
-
2,000
4,500
-
-
-
500
-
-
-
80,833
62,000
22,240
84,240|**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**(Continued)**
60,000
60,000
-
60,000
-
-
1,667
1,667
5,000
-
5,000
5,000
2,500
-
10,000
10,000
8,333
-
5,573
5,573
-
2,000
-
2,000
4,500
-
-
-
500
-
-
-
80,833
62,000
22,240
84,240| |---|---|---| |||84,240| |||| |**4**|**Income from charitable activities**||| |---|---|---|---| |||**Unrestricted**|**Unrestricted**| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||**Day Centre General**||| ||Sale of goods|17,359|13,489| ||Ancillary trading income|26,056|18,326| ||Charitable rental income|1,612|1,106| ||**Day Centre Catering**||| ||Sale of goods|38,819|34,820| ||**Community Meals Service**||| ||Sale of goods|37,280|31,952| |||121,126|99,693| - 11 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **5 Income from investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Interest receivable|983|284| - **6 Expenditure on raising funds** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |**Fundraising and publicity**||| |Advertising|220|-| - 12 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **7 Expenditure on charitable activities** |**Day Centre**
**General**
**Day Centre**
**Catering**
**Minibus**
**Transport**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**Direct costs**
Staff costs
76,623
32,579
16,822
Depreciation and impairment
9,052
-
-
Catering purchases
-
37,000
-
Hairdressing and baths
118
-
-
Printing, stationery and telephone
3,189
-
-
Cleaning materials
3,626
-
-
Social activities
3,142
-
-
Repairs and renewals
4,896
-
-
Minibus lease
-
-
12,591
Minibus costs - other
-
-
3,856
CMS meal trays
-
2,724
-
CMS volunteer petrol
-
2,061
-
Miscellaneous expenses
980
-
-
101,626
74,364
33,269
**Share of support and governance costs (see note 8)**
Support
5,412
-
-
Governance
2,866
-
-
109,904
74,364
33,269|**Total**
**Day Centre**
**General**
**Day Centre**
**Catering**
**Minibus**
**Transport**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
126,024
66,387
24,420
16,482
9,052
6,135
-
-
37,000
-
31,656
-
118
213
-
-
3,189
3,459
-
-
3,626
1,214
-
-
3,142
2,674
-
-
4,896
5,876
-
-
12,591
-
-
10,952
3,856
-
-
4,610
2,724
-
3,551
-
2,061
-
2,040
-
980
908
-
-
209,259
86,866
61,667
32,044
5,412
4,752
-
-
2,866
2,404
-
-
217,537
94,022
61,667
32,044|**Total**
**2023**
**£**
107,289
6,135
31,656
213
3,459
1,214
2,674
5,876
10,952
4,610
3,551
2,040
908| |---|---|---| |||180,577
4,752
2,404| |||187,733| - 13 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Expenditure on charitable activities**
**Analysis by fund**
Unrestricted funds
Restricted funds|105,031
4,873
109,904|71,857
2,507
74,364|17,436
15,833
33,269|194,324
23,213
217,537|90,007
4,015
94,022|61,667
-
61,667|**(Continued)**
15,377
167,051
16,667
20,682
32,044
187,733|**(Continued)**
15,377
167,051
16,667
20,682
32,044
187,733| |---|---|---|---|---|---|---|---|---| |||||||||187,733| - **7 Expenditure on charitable activities** - 14 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **7 Expenditure on charitable activities** ## **(Continued)** The Community Meals and Day Centre use the same premises and staff to prepare all meals. Community Meals are delivered hot on sealed trays in insulated bags by Volunteers who are reimbursed for mileage driven. Although not shown separately in the accounts, an allocation of 46% of charitable activity expenditure to the Community Meal Service is considered reasonable. This is calculated based on the percentage split of charitable activity income generated by the Community Meal Service. ## **8 Support costs allocated to activities** |Insurance
Licences and permits
IT costs
Training
Governance costs
**Analysed between:**
Day Centre General
**Governance costs comprise:**
IE fee
Bank charges
Payroll costs
Other governance costs
**9**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets|**2024**
**£**
1,779
1,453
1,021
1,159
2,866
8,278
8,278
**2024**
**£**
1,374
882
610
-
2,866
**2024**
**£**
9,052|**2023**
**£**
1,662
1,627
635
828
2,404
7,156
7,156
**2023**
**£**
1,332
767
691
(386)
2,404
**2023**
**£**
6,135| |---|---|---| ## **10 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. - 15 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **11 Employees** The average monthly number of employees during the year was: |**Employment costs**
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was more than £60,000.
**Remuneration of key management personnel**
The remuneration of key management personnel in the year was as follows:
Aggregate compensation|**2024**
**Number**
11
**2024**
**£**
124,090
442
1,492
126,024
**2024**
**£**
54,326|**2023**
**Number**
9| |---|---|---| |||**2023**
**£**
105,844
75
1,370| |||107,289| |||**2023**
**£**
42,569| ## **12 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. - 16 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**13**
**Tangible fixed assets**
**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation and impairment**
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
**Carrying amount**
At 31 March 2024
At 31 March 2023
**14**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income
**15**
**Creditors: amounts falling due within one year**
**Notes**
Other taxation and social security
Deferred income
**16**
Accruals
**16**
**Deferred income**
Other deferred income|**Fixtures,**
**fittings and**
**equipment**
**£**
87,301
4,396
91,697
56,839
9,052
65,891
25,806
30,480
**2024**
**2023**
**£**
**£**
3,351
3,266
4,727
1,557
8,078
4,823
**2024**
**2023**
**£**
**£**
1,386
717
-
10,833
9,766
4,849
11,152
16,399
**2024**
**2023**
**£**
**£**
-
10,833|**Fixtures,**
**fittings and**
**equipment**
**£**
87,301
4,396
91,697
56,839
9,052
65,891
25,806
30,480
**2024**
**2023**
**£**
**£**
3,351
3,266
4,727
1,557
8,078
4,823
**2024**
**2023**
**£**
**£**
1,386
717
-
10,833
9,766
4,849
11,152
16,399
**2024**
**2023**
**£**
**£**
-
10,833| |---|---|---| |||91,697| |||56,839
9,052| |||65,891| |||25,806| |||30,480| |||**2023**
**£**
3,266
1,557| |||4,823| |||**2023**
**£**
717
10,833
4,849| |||16,399| |||**2023**
**£**
10,833| Deferred income is included in the financial statements as follows: - 17 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **16 Deferred income** |**Deferred income**||**(Continued)**| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Deferred income is included within:||| |Current liabilities|-|10,833| |Movements in the year:||| |Deferred income at 1 April 2023|10,833|2,500| |Released from previous periods|(10,833)|(2,500)| |Resources deferred in the year|-|10,833| |Deferred income at 31 March 2024|-|10,833| The minibus grant is deferred to the extent that it contributes to funding costs incurred in a future period. |**17**|**Retirement benefit schemes**||| |---|---|---|---| |||**2024**|**2023**| ||**Defined contribution schemes**|**£**|**£**| ||Charge to profit or loss in respect of defined contribution schemes|1,492|1,370| The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. ## **18 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**At**
Elsley Trust
Minibus
Dining chairs
Washer & tumble dryer
Corridor Blinds (Surrey CC)
Giant Games (CFS)
Ipads and fridge (CFS)
Sealing Machine (Godalming Council)
Sealing Machine (CFS)|**1 April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2024**
**£**
**£**
**£**
**£**
2,507
-
(2,507)
-
-
15,833
(15,833)
-
2,751
-
(1,757)
994
5,295
-
(1,114)
4,181
-
4,500
(204)
4,296
-
500
-
500
652
-
(652)
-
946
-
(518)
428
2,767
-
(628)
2,139
14,918
20,833
(23,213)
12,538|**1 April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2024**
**£**
**£**
**£**
**£**
2,507
-
(2,507)
-
-
15,833
(15,833)
-
2,751
-
(1,757)
994
5,295
-
(1,114)
4,181
-
4,500
(204)
4,296
-
500
-
500
652
-
(652)
-
946
-
(518)
428
2,767
-
(628)
2,139
14,918
20,833
(23,213)
12,538| |---|---|---| |||12,538| - 18 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**18**|**Restricted funds**||||**(Continued)**| |---|---|---|---|---|---| ||**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**At 31 March**| |||**2022**|**resources**|**expended**|**2023**| |||**£**|**£**|**£**|**£**| ||Elsley Trust|2,507|-|-|2,507| ||Minibus|-|16,667|(16,667)|-| ||Dining chairs|4,508|-|(1,757)|2,751| ||Washer & tumble dryer|-|5,573|(278)|5,295| ||Ipads and fridge (CFS)|1,486|-|(834)|652| ||Sealing Machine (Godalming Council)|1,464|-|(518)|946| ||Sealing Machine (CFS)|3,395|-|(628)|2,767| |||13,360|22,240|20,682|14,918| ## **19 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 April**|**Incoming**|**Resources**|**At 31 March**| |---|---|---|---|---| ||**2023**|**resources**|**expended**|**2024**| ||**£**|**£**|**£**|**£**| |General funds|170,571|189,487|(194,544)|165,514| |**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**At 31 March**| ||**2022**|**resources**|**expended**|**2023**| ||**£**|**£**|**£**|**£**| |General funds|165,407|172,215|(167,051)|170,571| |**Analysis of net assets between funds**||||| |||**Unrestricted**|**Restricted**|**Total**| |||**funds**|**funds**|| |||**2024**|**2024**|**2024**| |||**£**|**£**|**£**| |**At 31 March 2024:**||||| |Tangible assets||13,768|12,038|25,806| |Current assets/(liabilities)||151,746|500|152,246| |||165,514|12,538|178,052| ## **20 Analysis of net assets between funds** - 19 - ## **FARNCOMBE DAY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**20**|**Analysis of net assets between funds**|||**(Continued)**| |---|---|---|---|---| |||**Unrestricted**|**Restricted**|**Total**| |||**funds**|**funds**|| |||**2023**|**2023**|**2023**| |||**£**|**£**|**£**| ||**At 31 March 2023:**|||| ||Tangible assets|18,069|12,411|30,480| ||Current assets/(liabilities)|152,502|2,507|155,009| |||170,571|14,918|185,489| ## **21 Operating lease commitments** ## **Lessee** The minibus lease is negotiated over terms of 5 years from September 2023. At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: |Within one year
Between two and five years|**2024**
**£**
12,957
38,444
51,401|**2023**
**£**
-
-| |---|---|---| |||-| ## **22 Related party transactions** There were no disclosable related party transactions during the year (2023 - none). - 20 -