REGISTERED CHARITY NUMBER: 1178937 REPORT OF THE TRUSTEES AND UNAiiDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FOR THE WOKINGHAM AND DISTRICT ASSOCIATION FOR THE ELDERLY IWADE)
THE WOKtNGHAM AND DISTRICT ASSOCIATION FOR THE ELDERLY (WADE) coNrENTS OF THE FINANCIAL STATEMENrs FOR THE YKAR ENDED 30 JUIYE 2024 Page Report of the Trnstees I to 6 Independent Examiner's Report Statement of Flnancial ActIlI¢S BAJance Sheet Casb Flow Ststement io Notes to tbe Cash Flow Ststement Note$ to the Ffinan¢ial Statements 12 10 21 Detsiled Statement of FinanclAI Actfivldes 22 to 24
THE WOKiNGHAM ALYD DISTRICT ASSOCIATION FOR THE ELDERLY (WADE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The truslees piesertt their Teport with thc fLnancial statements of the charity for the year ended 30 June 2024. The trust¢cs have adopled the provisions of Awounting and Reporting by Charities.. Statcment of R0mended Prnctice appliuble to ch8riti¢s preparing their accounts ID a¢¢ordance with the FinanciaL R¢porting Stslldard applicablc itt the UK and Republic of treland (FRS 102) (effectiv¢ l January 2019). OBJECTIVES AND ACTivrriES ObJe¢tive5 and alms confronted The constitution of th¢ charity states its objects ar¢ to promote th¢ welfare of the ¢ld¢rly in #uy manner which by law is deemed to be charitable and within the Wokingham Borough Council area.. The thte¢S considcr that these objects are b¢ing fulfilled by providing eld¢rly membws of the charity with d&y care at th¢ charitys day ccntre, with a nourishing lunch and other refreshments provid¢d for a small payment. A¢livilies aDd entertainments are provided for those wishin8 to participate, generally free of Charge. Subsidised daily tiansport is availabl¢ lo collect and rthjrn mcmbers to their homes if required. The charity aims to reduce isolation and lonelillc3s and to provide a safe and supportive eDvirontnent for those who migbt be considcrcd vulnerable. Public benefit Benefits to the public arising from carrying out the Charltys aims are explained An the abov¢ paragraphs. The trustees have complied with their duty to hav¢ due regard to the guidance on public benefit published by the Commission in exercising their power8 or duties. The provision of a safe and engaging environment for ¢ld¢rly vulnerable residcnts including those with mild dem¢ntia Provides an identifiable public bcnefit whi¢h is directly in liD¢ with the Charitys ailns. Furthernlore. the facility is available to all elderly frtlk living in the area wbo wish to e it. The charity works also with Wokingham Bofough Cowicil in supporting the elderly witb needs in the borough. In followittg the charity's aims and objectives. th¢ trustees have rcgard to the Charity Conllni88ion's published gUIdae in complying witb tlLeir duty in Section 17(5) of the Clwities A¢t 2011 on Public Benefit. ACHIEVEMENT AND PERFORMAIYCE Charltsble ac¢lvltles The Charity 18 ¢ontinuiug to deal with ongoing challenges alld is doing its best to mainlain much need support to DMberS and the community. WADE member8hip was 107 on 30 JUD¢ 2024 {2023: 113). In the period the centr¢ has welcollled n¢w and old friend5 and has provtded 6,500 (2023: 6,440} midday meals, average of 30 meals per day based on the llUber of da'ys that the centre was op¢n. Increasing the number of m¢mbers remains & continuing tssk new memb¢rs are always being sought thmugh advertlSiD8. newspaper articles and word of mouth. Regular fil]als1B ch year consists of charity collections, the winter and summcr fae9 wine tastings and quiz nights, Donations are received from locai business¢s and past and current membcrs. Thc charity also m&intsins a very successfill authoris¢d lottery. Page I
THE WOKINGHAM AND DISTRICT ASSOCIATION FOR THE ELDERLY (WADE) REPORT OF THE TRUSTEES FOR THE YEARENDED 30 JUNE 2024 ACHIEVEMENT AND PERFORMANCE Tbe significance of volunteers to operations and delivery Volunteers are a vital component of the charity's success in providing much needed services and they are much appreciated and valued, the volunteers get heavily involved in fundraising events and site maintenance. Reeording of thanlLS The Trustees would like to record their ¢onsiderabSe thanks to the managers, all the sthff and volunteers of the centre and the shop for their contributions to the running of WADE and the gr¢at benefit thAt WADE provided for the welfare of the elderly of the Wokingham Borough arta throughout the period. FINANCIAL REVIEW Financial positio The charity's total unrestricted income for the 12 months end¢d 30 June 2024 was £513,615 (202).. £541.552). This income came from a number of Sources which are sunurtarised below.. The charity's shop in Rose Street Wokingham which raises money from the Sale of donated goods £112.036 (2023.. £116,553). Wokingham Borough Council Community Care Services, funding for care places on a spot contra¢t and for travel expenses £102,509 (2023 £125,369). Income from members for meals, care, refreshments. membership and minibus £265,160 {2023: L?18,268). Donations £12,735 (2023.. £48,005), fundraising £19,004 and interest £2,171. The charity's total unrestricted expenditure during the 12 months ended )0 June 2024 was £578,846 (2023.. £507,493). Areas of expenditure are summarised below and expressed as a rounded percentage of the totsl: Percentage Day centre staff (caring. catering and driving) Shop expenses (staff. r¢nl rates etc) Food Utilities (rate5, £&8. electricity, water, telephone) Repairs and mainlenance Minibvs Other operating costs Fundraising Goveman¢e and support Costs Depreciation 200,637 93.955 33,006 27,459 128.031 4.334 45,546 2,006 43.176 JT 696 578,846 The total deficit for the year ended 30 June 2024 was £65,2J l (202) £34,059). The charity has sulyicient funds to meet its obligations. Page 2
THE WOKtNGHAM AIW DISTRtCT ASSOCIATION FOR THE ELDERLY (WADE} REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 30 JUNE 2024 Reserves policy It 15 the policy of the chartty to maintAin utrestricted fvnds, which ar¢ th¢ free reserY¢s of the charitys at a level which equat¢s to approximately six months UDr¢stricted expenditure. This provides su(fi¢ient fijnds to cover management and administration and support costs. also to cover any unexpected major repairs nccessary to the building or replacement of expensive kitchen equipment. Uestricted fimds were largely maintained at this l¢v¢l tbrougbout the year. Funds ar¢ held in multiple secure accounts. Rescrv¢s renmin satisfactory. FUTURE PLANS It is inÉend¢d that a¢tiviti¢s at the day centr¢ will continue throughout the coming year, and the tru8te&8 and staff are always looking to provide additional activities and projects for th¢ b¢nefit of membcr8. STRUCTUBE, GOVERIYANCE AND MANAGEMEiYr Governlng documenl The charity is controlled by it8 governing document constituting a Charitable IncoTporatd Orgiansiation (CIO) reSter (charity number 1178937) with the Charity Commission on 27 June 2018. Organis4tion The constitution stst¢s that the charity shall be managed by a cornmittee comprising the offic$ and other membcr8 el¢¢ted at aTh annual general m¢¢ting. The offic¢Tr and mcmbers of the committee are the Ite¢S of the charity. The officer8 shall be a chairrnaJJ, vice chairn]an and a tt¢asurer, with a maximum number of 15 trustees. A lisi of the tTUStees who served during the year is set out on page l. All th¢ ttustees offer thetnselves for re-election at the AGM on 20 November 2024. The oifice8 of Chair, Vice Chair and Honorary Treasurer are elected by the tryst¢es. The maDag¢ment COnllnitt¢e is called the Executiv¢ Comtnittee, which meets regularly on a quarterly basis, or more frequently as required. Sub comtnitte¢s also meet as required and report to the Executive Committ¢e. The charity employs a day centre manager who is r¢sponsibl¢ for the day to day rurLning of the centre with supporting caring, ¢at¢ring and driving staff. The ¢harity also a frd-raiS]ng shop with a shop manager atsd supporting sal¢s stsff. The managers report to. bllt are not rnembe of, th¢ Executivc Committee. Prospectiv¢ trustees are iDVitcd to attend trustee meetings as observers and ¢oDsideration is given to their suitsbility and tbe skills r¢quir¢d of a trustee. The nam¢s of suggested new trust¢¢s are put fonvard at thc 8nal general m¢eting and Yo¢¢d th¢reon. Page 3
THE WOKINGHAM AND DISTRI ASSOCIATION FOR THE ELDERLY (WADE) REPORT OF THE TRUSTEKS FOR THE YEAR EI¥DED 30 JUTrIE 2024 STRU[iRE, GOVERNANCE AI¥D TrL41¥AGEMENT Rlsk management Th¢ trust¢¢s have a duty to identify and r¢vi¢w the risks to which the charity is exposed and io ensur¢ appropriate controls are in pla¢¢ to provide reasonabl¢ uran¢e winst fraud and error. The tsvstees have assessed the major strategies, business and operational risks which they believe the Charity faces. Th¢ external rtsk8 and exposure are kept under constant review, together with the internal aspects of health and safety. Rtsk re8lSters have been estsblished And are revi¢v/¢d to ensure appropriate mitigation and compliance. The major risks and uncertainties to the charity a considered below: Carin f r those who use the ccntre The truste¢8 ettsur¢ that staff rnembcrs are properly traiDed in how to lljanage and safeguard users of the centre, how to acc¢pt and report complaints and con¢erns and how to escalate these for action where ecessary. Dama elo fire lifts heatin water Th¢ ttustees seek prof¢ssional advice on thc risks Associated with nu)ning the day centr¢. They instal safety and tnonitoring equipDnt and ensur¢ uoitLtenallce on a S¢Dsible and ongoing basis. A f]re compliance report has been commi&sion¢d and recommendations noted, with an action plall created. Buildin mainfrnan¢ A5 the property uscd for a day ¢¢ntre is also • Grade 2 list building, this will always necessitate maintenance works which may at times be more expensive than for oth¢r ¢ntities. This year has seen some major work5 carried out to improve facilities and to maintsin the b¢autiful Grade 2 Star premises and gardens. Currcnt works include renovating the two lounge8, improving access from the dining room to the cottage facilitie5 and carrying out urgent works to the fabric of the building> wbich is now some 41)0 years old. This work has in¢wr¢d substanual costs in the ¢urreni year of som¢ £73,000 of one off major works. It is tbe tDth8' ititention to enswe that the beauti1 building and grounds are well maintain¢d for the future. In addition. the trustees have obtained pla[lUg pern]tssion for new toilet facilities at the cen which they hope to build wben fiumls allow. structural, survey was commtssioned and finth'ngs noted wlth a variety of r¢pairs and renovations conducted and further WOTks planned. Insurance Comprchensive illsuran¢e ¢over has be¢n taken out.to cover risks related to the infrastrnctsjre. staff and users of the day centre. Cov¢r includcs o¢¢idents and n¢glig¢nce (including mcdical negligence) also. rotection The trustees have t4k¢n advice on the protection and managemcnt of infornution about thos¢ who use the centr¢ and also concerning staff and volunteers working for the charity. P&g¢ 4
THE WOKJNGHAM AND DISTiucf ASSOCIATION FOR THE ELDERLY (WADE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 REFERENCE ALYD ADMINISTRATIVE DETAILS Reglstered Charity number 1178937 PrlMripAI address WADE Day Centre 40 Reading Road Wokingham Berkshire RG41 IEH Trustee8 Mr John Philip Mirfm {Chairn) Mrs Sallyanne Steatbam (appointrd 15.11.23) Mrs Karen Mahony (appointed 15.11.23) Mrs Sandy Swe¢t (Vice Chairnian) Mr David Lee FCA (Honorary TreasuTcr} Mrs Louise Wingfield Mrs Margaret Campbell-white Mr Carole Barnes Mrs Chri5topber Barnes Patron Mrs Lucy Zeal, High St¢ward of Wokingham Day centre mallager Mrs ED)ma Hamilton Shop manager Wendy Hutchinson Independent Examlner Jason Pyke FCA (Senior Statutory Auditor) Vale & West Chartued Accountants Victoria House 26 Queen Victoria Street Reading Berkshire RGI ITG So]icitor5 Clifton Ingram LLP 22-24 Broad Street Wokingham Berkshir¢ RG40 IBA P8dg¢ 5
THE WOKINGHAM AIW DISTRICT ASSOCIATION FOR THE ELDERLY (WADE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 REFERENCE AND ADMINISTRATIVE DETAILS BAnkers Lloyd8 TSB Bank plc 10 High Stre¢l Bkn¢11 Behre RG12 IBT CAF Bank Limited 25 Kings Hill Av¢nu¢ Kings Hill West Mailing K¢0¢ ME194JQ STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are r¢sponsible for preparing the Report of the Trustees and th¢ financial statcments in accordance with applicabl¢ law and Unit¢d Kingdom ArKounting Standards (United Kingdoin Gencrally Acceptcd Accountin8 Practice). The law applicable to charities in England alld Wal. the Chariti¢s Act 2011, Charity (Accounts and Reports) Regulations 2008 and the prtTrvisions of the trnst deed requires the trustees to prepare financial stat¢ments for each financial year which giv¢ a true and fair view of the State of affairs of the charity and of the incoming resources and application of Tesourees, including the in¢ome and ¢xpenditure, of th¢ ¢harity for that p¢riod. In preparing thos¢ financial statem¢nts. the trusi¢¢s are required to select suitable accounting policies and then apply them consistently. observe the methods and princlples in the Charity SORP. make judgements and cstimates that are reasonable and pnent. stat¢ wh¢th¢r applicable accounting standards have been followe subject to any material departures di5clos¢d and explaitted in th¢ financial ststemenls. prepare the financial statem¢nts on th¢ going concern basis wiless it l5 inappropriat¢ to pr¢sum¢ that the ¢harity will continue in business. The trustees are responsible for ke¢ping prop¢r decounling records which disclose with reasvnable a¢curdcy at ally time the finaThcial position of th¢ charity and to enable them to ensure that th¢ finan¢ial Stat¢entS comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and tbe provisions of ihe trust deed. They arc Also responsible for safeguardillg th¢ assets of ibe charity and hence for taking reasonable steps for the preventioll and detcction of fraud and other irregulaTiIi¢s. and signed OD its behalf by: Approved by ord¢r of the board of ttwtees on ........ Mr Joh . Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WOKINGIIAM AND DISTIUCT ASSOCIATION FOR THE ELDERLY (WADE) Independent ex&miner'$ report to the trustse5 of the Wokingham and District Associ4tion for the Elderly IWADE) I report to the charity trustees on my examination of the accounts of the Wokingham and Distri Association for the Elderly ('the CIO) for the y¢ar ¢nd¢d 30 Jun¢ 2024. Responslbllldes and basts of report As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I reFrf)rt in respect of my examination of the CIO'S accounts carried out under section 145 of th¢ A. tn atrying out w cxamtnation I havc followed all applirabl¢ Directions given by the Charity ConllnissioD und¢r sectioTh 145(5)(b) of the 2011 ACL Independent eJaminer's staternent I hav¢ rojnpleted my ¢xamination. I confirni that no material matters have ¢ome to my attention in connection with the examination ¥iving me ¢aus¢ ¢0 believe that ill any material respect: . accounting records were not kept as required by section 130 of the Act" or 2. the accounts do nol accord with those r¢¢ords.' or 3. the accounts do not comply with the applicable requirements ¢on¢¢rning the form and cont¢nt of ac¢oullts set out in the Charitie8 (Accounts and Reports) Regulations 2008 othcr than any requirement th the accouDts givc a true and fair view which is not a matt¢r considered as part of an independent examination. I have no concerns and have come acT085 no othcr matters in connection with th¢ examination to which attention should be drawn in this report in order to enable a proper ut)derstandLDg of thc accounts to b¢ r¢ached. Jason Pyke FCA (Se or StatOry Auditor) The Ititute of Chartered Accountants in Eng]and and Wal¢s Vale & W¢st Chfftred Accountants Victoria House 26 Queen Victoria Street Reading Berkshire RGI ITG Datc.. 13 loi* Page 7
THE WOKINGHAM AND DISTRicf ASSOCIATION FOR THE ELDERLY (WADE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 30.6.24 Unrestrfieted fund 30.6.23 Total fimds Noles COME AND ELYDOWMENfs FROM Dollatiolls and legacics 12,735 48.005 Charil4ble a¢tivities Day CaTe Meals Minibus 282,936 52,169 324 263.638 50,621 29J78 Other trading activities Investsnent incom¢ 131,040 2.171 149,910 Total 513.615 541.552 EXPENDITURE ON Raising filluls 95,961 110,681 Charitsble Ac¢ivlties Day Care Meals Minibus 377,572 65,076 40237 301.513 51.634 43.665 Total S7846 507,493 NET INCOMEJ(EXPENDITURE) (6S231) 34.059 RECONCILIATION OF FUNDS Total funds brougkni fonvard 413J32 379.273 TOTAL FUI¥DS CARRIED FORWAIU) 348,101 413.332 The not¢s fom part of these financial statem¢nts Page 8
THE WOKINGHAM AND DISTRICT ASSOCIATtOF4 FOR THE ELDERLY (WADEI BALANCE SHEET 30 JUNE 2024 30.6.24 Unrestrleted fuod 30.6.23 Total funds Notes FLYED ASSETS Tangible as5¢ts 13 2.835 3,531 CURRENT ASSETS Debtors Cash at bank and An hand 14 37J63 328A84 39,791 393,161 305,847 432,952 CREDoRs Amounts falling due witbin one year 15 (20,581) (23,151) NET CURRENf ASSETS 345266 409,801 TOTAL ASSETS LESS CURRENT LIABILITIES 348,IOA 413.332 NET ASSE]S 348,101 413,332 FUNDS Unrestricted funds 16 34&101 413.332 TOTAL FUNDS 348,101 413.332 Th¢ fitkancial 8tstrments were approved by the Board of Trustees and authorised for issue on &J..l.Ll. l.£0 Z4- and wcr¢ bigned on its behalf by: MrDa id Lee FCA- Tru5t¢e MrJo - Tntee The notes form part of these financial statements Page 9
THE WOKllYGHAM AM) DISTIUCT ASSOCIATION FOR THE ELDERLY (WADE) CASH FLOW STATEMENT FOR THE YEAR ENDED 311 JUNE 2024 30.0.24 30.6.23 Notes Cash llows from operating activities C&sh generated from operations (66,848) 68.833 Nel caskn (lld inVprovAded by operating activities (66,848) 68.833 Cash floffs from Investing Activities Interest r1V¢d 2,171 Nel cash providcd by inv¢8ting activities 2,171 Change In cgsh and cash equiv4lenl$ in the reporting period C4sh and eash equivalents at ¢h¢ beglnnlng of the reportlllg period (64,677) 68.833 393,161 324,328 Cash *nd ¢ equlvalents at the end of the reportlng perlod 328,484 393.161 The notes forni part of th¢se financial 8tat¢ments Page 10
THE WOKINGHAM AND DISTRicf ASSOCIATION FOR THE ELDERLY IWADE) NOTES TO THE CASH FLOW STATEMEwr FOR THE YEAR ENDED 30 JUNE 2024 RECONCILIATION OF NET (EXPENDtTUREyINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 30.6.24 30.6.23 Net (expellditure)/income for the reportlng peTiDd (as per the Stgtement of Flnanclal Activltfies) Adjustments for: Depreciation charge6 Interest received Decrease in d¢btors (D¢¢reaseyincreas¢ in creditors (05.231) 34,059 696 (2,171) 2,428 (2,570) 695 17,424 16,655 Net cash (used in)Iprovlded by operaOn$ (66.848) 68,833 AP4ALYSIS OF CHANGES IN NET FUNDS At 1.7.23 Cash flow At 30.6.24 Net ¢Ash Cash at bank and in hand 393,161 (64,677) 328,484 393,161 (64,677) 328,484 Totsl 393,161 (64.677) 328,484 The not¢5 forn) part of thesc financial statements Page 11
THE WOKINGHAM AIYD DISTRICT ASSOCIATION FOR THE ELDERLY (WADE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 CHARTTY ThFORMATION WADE is a Charitable Incorpordted organisatio incorporated in England and WaK¢s. The charity'5 registered otTIc¢ 18 40 Reading Road. Wokinghw Berkshire, RG41 IEH. The prin¢ipal activity of the clwity is to promote the welfare of ihe eldcrly in any manner which by law is deemed to be charitabl¢ and within th¢ "Wokingham Borough Council area" This is MfJll¢d by providing the elderly members of the charity with day care at the charity's day centre, with activities, entertainments, transport and r¢fr¢shm¢nt8. ACCOUNTING POLICIES B4sl8 of preparlng the financial 5tatemeMts The fancIal Statements of the ¢harity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicablE to clwities preparing thcir accounts in accordance with the Fill¢121 Reporting Stalldard applicable ill the UK and Republic of JTeland {FRS 102) (effective l January 2019).. Financial Reporting Standard 102 Th¢ Financial Reportiag Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The fin8ncia] statements have been prepared und¢r the historical cost ¢onvention. The finADcial stsi¢ments are presented In sterling (£) and are rounded to the nearest £1. Golng Concern Having considered plann¢d activities and resources available to the charity, Ihe tru5t¢¢s are satisf1 that the financial statements should continued to be prepared on a going conc¢rn basis. Income All infjonle is recOls¢d in th¢ Stat¢m¢nt of Financial Artivitl¢8 once the charity has entitlement to the funds. it is probable that the income will bc rr¢¢ived and the amouttt can be measured reliably. For legacies, entitlement is taken as the ¢arlier of the dat¢ on which either the Charity is aware that PTobate has b¢en grant&l the estate has b¢en finalised and notification has been made by the executors that a distribution will b¢ made. or when a distribution is received from the estate. Receipt of a legacy. in whol¢ or in parL is only considered probable when th¢ amount can br measured reliably and the charity has been notified of an executor intention to makc a distributioL Where l¢gacies have been notifi¢d to the ¢haTity. or the charity is aware of thc granting of probate, and th¢ criteria for InM¢ recognition have not been meL Ih¢n th¢ l¢gacy is treated as a conlingcnt asset and th"sCI05 if material. Gift8 in kind donated for distribution are included at valuation and recognised as income when they are distributed to the prfjJts. Gifts donated for resale are included as income when they are sold. D(7nated facilities are incluthd at the value to the charity where this can be quantified and a third party is bearing th¢ ¢ost. No amouJLts are illcluded ill the finallcial statements for servic¢s donated by volunteers. Donat¢d good and services or facilities are reco1$¢ when the charity has control over the itw any condition associafrd with the donated item gave b¢ell meL the rcceipt of economic benefit form the us¢ of the chaTity of the item is probable and that the ¢conomic benefit cao b¢ measured liably. accordance with th¢ Chartties SORP (FRS 102). The general volunteer time of the Friends is not r¢cognis¢d their Valued coutrlbutiott is referenced by the Trustees, Rcport. Page 12 ¢onttnued...
THE WOKINGHAM AND DISTtUCT ASSOCIATION FOR THE ELDERLY (WADE 1¥4OTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR EI4IDED 30 JUNE 2024 ACCOtJNTING POLICIES- ¢on¢inu¢d illcome On rec¢ipL donat¢d prof¢ssional services and donated facilities are recognised on the basA8 of th¢ valuc of the gift io the charity which is the amount the charity would have been willing to pay to obtain serviees or facilities of equivalent economic benefit on the open market with a corresponding amount reCOlsed in exp¢uditure in the period of r¢ipt. Unsold donated items are not included for stock valuation purposes and there are uo other slo¢ks sold. tn¢om¢ tsx r¢¢ov¢rable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Donations and volllntsry income Illcome from donations, fundraising and other voluntary are accounted for on a r¢¢¢ivabl¢ basis. Expenditure Expenditu is recognised as expenditure as soon as there is a legal or constructive obligation mmitting the charity lo th ¢xpenditllr¢. it is probable that a transfer of economic benefits will be required in settlement and the amouDt of the obligation ean be measured reliably. Expenditure i8 a¢couttt¢d for on an a¢¢nEals basis and classified by activity. TILC Cost of each activity made up of the total of dircct costs ind shared costs wbich are not attributable to a siogl¢ a¢tivity are apportion bactivitiese activitites on a basis con8lSteftt with the use of resources. Central staff costs are allocated on the basis of timdcpr¢ci8tion depalliOn charges allocated on the portion of th¢ asset's use. Fundraising costs are those incuryed in seeking voluntary contributions and do not include the wsts of disseminatin8 inforniation Ati SUPPOrt of the charitable a¢tiviti¢s. Support costs arc those cost incurred diT¢Ctly in support of expendilurc on th¢ objects of the charity and Include project management carrid out at H¢adquarters. Governartce costs are those incurred in conncctions WAth administration of the cbarity and compliance with cOnStitiOnal attd statutory r¢quir¢m¢nts. Tangible flxed assets Fixed assets are lticlud at ¢osL net of depreciation and any provision for impai[mL Depreciation is provided at rates calculated to write off the cost of fixed assets, Icss their estimated residual valu¢. over their expected uscful lives on the following basis- Freehold propety Improvements to property Fixtures and equipment Molor Vehicles fully depreciatcd I/0 straight IAn¢ 25Q/o Straight lin 25Vo Straight line Repair5 and eqylpment replacement As the cFLarity is constanily r¢pla¢in8 and repairiDg cquipment in usc, asscts which are purchased to replace or upgrade existing equipment are not generally capitalised. but ¢xp¢nsed in the y¢ar of acquisition as repairs and renewals. Costs of this type include heating and water systems. fire and security equipm¢nt. and catering equiprnent. Major capital as5¢ts are capitalised and d¢preciate(L Taxation The ¢harAty is ex¢mp¢ froTn on Ats charitablc activities. Page 13 continued..
THE WOKINGHAM AND DISTIUCT ASSOCtATIO FOR THE ELDERLY (WADE) IYOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES- CODtlnued Fund a¢coMnting General fimds are unrestricted funds which are available for use at the discretion of the tnle¢S in fierance of the general objectives of the charity and which have not been designated for other purposes. Desi8Qated fimds con)prfftse unrestricted funds that have been set aside by the trustees for a spe¢ifi¢, but not legally bindin& purpose. There were no d¢S1ted fund at the balance sheet date. R¢stri¢t¢d fimds ar¢ fjjnds wthich are to be used in accordance with spxifir r¢strictions imposed by donors or which havc bccn rais by the charity for a particular purtrf)se. tnveslment income, gains and losses are allocated to the &ppryiate fund. Operatlng lease reDtals Rentals under operating Icascs are charged to the prnfit and 108s account on a straigbt line basis over the leas¢ tcrm. Penslon costs and other p08t-retlrement benefits Th¢ ¢harity operates a defjned contribution pcnsion seheme and tbe pension charge represents the amounts payable by the charity to th¢ fund in respect of the year. Dancial instruments The charity only enters into basic fiii8n¢ial instnunents transactions that result in the recognition of financial a85¢1s and liabilities like trade and other debtors and ¢reditors.Short t¢r d¢btors aTe measured at transaction price, less any impairm¢nt. Short term creditors are measured at transa¢tion pric¢. DONATIONS AND LEGACIES 30.6.24 30.6.23 Donations and sitnilar income 12,735 48,005 OTHER TRADING ACTIVITIES 30.6.24 30.6.23 Fundrni8ing events Shop incom¢ Social lotteries IQ253 112,036 2,751 29,878 116,553 3,479 131,04D 149,910 Page 14 continued...
THE WOKINGHAM AND DISTRICT ASSOCIATION FOR THE ELDERLY (WADE) (YrES TO THE FINANCIAL STATEMKNTS- CODtinlled FOR THE YEAR ENDED 30 JUNE 2024 INVESTMEwf INCOME 30.6.24 30.6.23 Dep)sit account interest 2,171 INCOME FROM CHAIUTABLE ACTIVITIES 30.6.24 30.6.23 Activity WBC funded care and 1Tansport D&ily care charges Grants Mis¢ellaneous s¢rvices Non services income Mernber subscriptions Member meals WBC funded care and transport Minibus Day Care Day Care Day Care Day Care Day Care Day Care Meals 53,777 201,174 500 25,921 118,991 120.961 21,550 36 2,100 50,621 1564 52.169 Minibus Minibus 10,322 22242 6,378 23,000 367,669 343.637 Grants received, included in th¢ above, are as follows: 30.6.24 30.6.23 Wokingham Lions 500 Page 15 ¢ontinued...
THE WOKINGHAM AND DISTRicf ASSOCIATION FOR THE ELDERLY (WADE) OTES TO THE FILYANCIAL STATEMENTS - conllllued FOR THE YEAR ENDED 30 JUNE 2024 RAISING FUIYDS Other trading 4¢tlvAtles 30.6.24 30.6.23 Shop trading costs: Staff costs Rent Rates and water Light and beat Telephone Insufdnce Repairs and maintenance Bank chargcs 53,931 32539 173 3,180 I10 54.186 31.207 187 1.400 742 750 5,591 2.008 607 2.ols 93,955 2,006 96.071 14.610 Fundraislng event costs 95,961 110,681 Total c05t of rnisittg fAd5 CHARITABLE ACTIVITIES COSTS Support osts (see note 9) Direct Costs Totals Day Car Meals Minibus 334J96 6S076 40237 43,176 377J72 65,076 40,237 439,709 43,176 482,885 Page 16 continued..
THE WOKINGHAM AND DISTRICT ASSOCIATION FOR THE ELJ)ERLY (WADE) NOTES TO THE FII¥ANCIAL STATEL*IENTS- ¢ollllnued FOR THE YEAR ENDED 30 JUNE 2024 SUPPORT C(Y6TS Governance costs Management Finance Totals Day Car¢ 25J37 2J64 15,475 43,176 10. TRUSTEES, REMUNERATION AND BENEFrrs There were no tThstees' remuneration or other benefits for the y¢ar ¢nded 30 Jun¢ 2024 nor for the year ¢Dd¢d 30 June 2023. Trustees, expenseg There w¢r¢ no trusl¢¢s' expenses paid for the yw ended 30 Jun¢ 2024 nor for the y¢ar ¢nded 30 June 2023. 11. STAFF COSTS 30.6.24 30.6.23 Wages and salaries Social security costs Other p¢nsion cost5 263,414 5,163 7,658 253,485 15,580 6.861 276,235 275,926 The av¢rage month]y number of employees during the year WLS &s follows.. 30.6.24 io 30.6.23 Day Centre Shop Governance 15 16 No eMployS received cmoluments in ucess of £60.000. Page 17 onlinued...
THE WOKINGHAM AND DISTRICT ASSOCIATIOIY FOR THE ELDERLY (WADE) NOTES TO THE FtNALYCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 30 JUNE 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fimd INCOME ALYD EIYDOWMENTS FROM Dorffjtions and legacles 48,005 Cbarltsble aellvltles Day Care Meals Minibu4 263.638 50,621 29.378 Oth¢r tradins activities 149.910 Totsl 541.552 EXPENDTfuRE ON Raising fimds 110.681 Charfthble activiti& Day Care Mea15 Minibus 301,513 51.634 43,665 Totsl 507.493 NET INCOME 34.059 RECONCILIATION OF FiiNDS Total funds brought fonvard 379273 TOTAL FUNDS CARRIED FORWARD 413.332 Page 18 continued..
THE WOKINGHAM AND DISTRJCT ASSOCIATIOF4 FOR THE ELDERLY (WADE) NOTES TO THE FINANCIAL STATEMENTS- contlnved FOR THE YEAR ENDED 30 JUNE 2024 13. TANGIBLE FIXED ASSETS Improvements lo property Fixtur¢s Motor vehicl¢s fittings Totals COST At l July 2023 and 30 June 2024 955 1&087 55,574 78,616 DEPRECIATION At l July 2023 Charge for year 3,624 696 15987 55,474 75,085 696 At 30 June 2024 4J20 15,987 55,474 75,781 NET BOOK VALUE AI 30 June 2024 2,635 loo 2,835 At 30 June 2023 3,331 100 100 3,531 Freehold prnperty Freehold property comprises LIttlecou 40 Reading Road. Wokingham. The historic C05t of the property, wholly relaling to buildings was £IO,(K)O. had been fillly depr¢¢iated in period8 prior the Charity's inco4Jorntion as a CIO itt June 2018. 14, DEBTORS: AMOUNTS FALLING DUE THIN ONE YEAR 30.624 30.6.23 Trad¢ debtors VAT Prcpayments and a¢¢nd income 25,530 2,833 9,000 29.392 938 9.461 37,363 39,791 Page 19 ¢ontinu¢d...
THE WOKll¥GHAM AIW DISTRICT ASSOCIATION FOR THE ELDERLY (WADE) IYOTES TO THE FINANCIAL STATEMENTS- contlnyed FOR THE YEAR ENDED 30 JUNE 2024 15. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 30.6.24 30.6.23 Trade credttors Taxation and social security Oth¢r creditor8 io,iii 1,997 8,473 9.461 5,477 8213 20,581 23,151 16. MOVEfilENT IN FUNDS Net moyement in fimd5 At 30.6.24 At 1.7.23 Unrestrlcted fuuds General fund 413J32 {65,231) 348,101 TOTAL FUIYDS 413a32 (65.231) 348,101 Net movement in fimd8. included in the above arc &$ follow8: Incoming resources Resources xpendcd Movement in fimd Uorestrithd funds Gen¢ral fund 513.615 (578,846) (65331) TOTAL FUNDS 513,615 (578,846) {65,231) Comparatives for movement In funds Net movement in funds At 30.6,23 At 1.7.22 Unrestrlcted funds General fund 379,273 34.059 413.332 TOTAL FUNDS 379,273 34,059 413,332 Pa8¢ 20 continued..
THE IVOKINGHAM AND DISTRICT ASSOCIATION FOR THE ELDERLY IWADE) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 JUNE 2024 10. MOVEMENT IN FUNDS- condDued Comparative net rnoyement in fiwds. included in the abov¢ are as follows.. Incoming resources Resources Mov¢m¢nt expended in funds Unrestrlcted funds Genernl fimd 541,552 (507,493) 34,059 TOTAL FUNDS 541.552 (507,493) 34,059 17. OTHER FINANCIAL COMMITMENTS At 30 Junc 2024, the Company had total commitments undw non-call¢ellable operating l¢ases over the remaining life of the l¢a5es of £300,OIJ) (2023.. £125,000). I& RELATED PARTY DISCLosifRES There were no r¢lated party transactions for th¢ year cnded 30 June 2024. Pa8¢ 21
THE WOKINGHAM AND DISTRICT ASSOCIATION FOR THE ELDERLY (WADE) DETAILED STATEIVIENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 30.6.24 30.6.23 INCOME AND ENDOWMENTS Donations and legacies DonatioTrs and similar income 12,735 48,IK)5 Otber trading activities Fundraising events Shop income SocAal lotteries 16,253 112,036 2,751 29,878 116.55) 3,479 131,040 149,910 Investment ineome Dep)sit a¢count interest 2,171 ChgritAble activities WBC funded care and transport Member meals Daily care charges Minibus Grants Miscellaneous services Non services income Member subscriptions 64,099 52,169 201,174 22,242 soo 25,921 125,369 50,621 120,961 23,000 21,550 36 2,100 1,564 367,669 34J,637 Total incotning resollrees 513,615 541,552 EXPENDITURE Other tradfing a¢tfvltie$ Fundraising events Shop salaries Shop social security Shop pensions Shop rent Shop rates and water Shop light and heal Shop telephone Shop insurance Carried forward 2.006 51,518 1,002 1,411 32,539 173 3,180 1,510 14.610 49,986 3,072 1,128 31207 187 1.400 742 750 103.082 93J39 This page does not fomi part of the statutory financial statements Page 22
THE WOKINGHAM AND DISTRICT ASSOCIATION FOR THE ELDERLY IWADE) DETAILED STATEMENT OF FINANCIAL ACTtVlTIES FOR THE YEAR ENDED 30 JUNE 2024 30.6.24 30.6.23 Other trading activities Brought fonvard Shop repairs and maintenance Shop bank Charges 93,339 607 2,015 103,082 5.591 2,008 95,961 110,681 Cbaritsbl¢ a¢tivities Wages and social security Social security Pensions Rates and water Insurdnce Lighi and heat Telephone Postage and stationery Food and kitchen expenses Sundries Cleaning and windows Gardeners (contracted) Building 2nd garden repairs and maintenance EquipTnent repairs and renewals Health and safety, training, uniforms, DBS Minibu5 expenses Chiropodist and hairdressers Improvernents to property 187,649 3,788 5,530 5,075 17,913 19,601 2,783 1,507 33,006 24,589 J4,378 3,440 175.817 10.807 5.733 4.544 12,336 6,418 2,729 2.985 20,861 7,853 6,994 48,493 61,720 1,537 4.334 3,670 696 26,234 43,715 649 8,654 2,736 695 439,709 35J,182 Suppor¢ costs Management Wages Social security Pensions 24,247 373 717 27.682 1.701 25,337 29.383 Finance Bank charges 2?64 Governance Costs Independent examiner's remuneration Carried forward 2500 2500 2,500 2,500 This page does not forni part of the stAtory financial statements Page 23
THE WOKINGHAM AND DISTRICT ASSOCIATION FOR THE ELDERLY IWADE) DETAILED STATEMENf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 30.6.24 30.6.23 Gov¢rnaD¢e ¢0sts Brought forward Independ¢nt examinees other fees Legal and profr5sional fees 2,500 2.300 10,675 2,500 3.241 6.213 15A75 11,954 Total resouw expended 578.846 507.493 Net (expendltureVlncom¢ (65231) 34,059 This page does not forni part of th¢ statOry financial statements P&ge 24