## **St Ives Day Centre**
**Registered charity no. 1183914**
## **Report and Accounts**
- **for the year ended**
**31 March 2024**
## **St Ives Day Centre Report and accounts Contents**
||**Page**|
|---|---|
|Reference and administrative details|1|
|Trustee's report|2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Cash flow statement|6|
|Notes to the financial statements|7|
**St Ives Day Centre Reference and Administrative Details**
## **Charity** name
St Ives Day Centre
Correspondence address
72 Ramsey Road St Ives Cambs PE27 3XL
Trustees D Blair (Chairman) L Cammish (resigned 23 February 2024) L Keeley B Sheard (appointed 23 February 2024)
Treasurer D Blair
Independent examiner C J Dyke The Old Police Station Priory Road St Ives Cambs PE27 5BB
Bankers Metro Bank PLC One Southampton Row London WC I B 51-IA
## ST IVES DAY CENTRE
## TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Charity is constituted as a Charitable Incorporated Organisation and is a Registered Charity, number 1085214. The objects of the Charity are the provision of daycare facilities for the frail elderly of St Ives and surrounding villages. For membership enquiries please contact the Manager on 01480 463444.
The Trustees who served during the year were:
D M Blair - Chairman Linda Cammish (resigned 23 February 2024) Louise Keeley Barry Sheard (appointed 23 February 2024)
The Trustees met four times in the year to consider strategic direction and operational performance None of the Trustees received any remuneration or other payment from the Charity in the year.
The Centre has now returned to full capacity following the Coronavirus pandemic and the Trustees continue to monitor its long term position. The funding environment facing the Charity is increasingly challenging and costs following the pandemic have increased, leading to an ongoing month on month deficit. Cost reduction measures implemented by the trustees have been to some extent successful in reducing that deficit. The trustees have resolved to continue to use reserves to support operations whilst longer term funding options are evaluated.
Total incoming resources for the year ended 31 March 2024, were £138,085 (2023-£112,103) all of which were unrestricted. Total resources expended in the operation of the charity were £177,894 (2023 £170,430) leaving a deficit for the period of £39,809 (£58,327). The Charity's total funds at the end of the year stood at £231,034 (2023 £270,843) all of which was held for unrestricted purposes.
In the last year, the Trustees have undertaken a further review of the major operational and financial risks facing the charity, evaluated the systems and policies in place to mitigate these and continued to monitor them as they intend to do for the foreseeable future.
The Trustees consider they have complied with the duty in Section 4 of Part I of the 2006 Charities Act which requires them to have due regard to guidance published by the Charity Commission, including public benefit guidance. It is the Charity's policy to hold reserves for two purposes — firstly to provide sufficient capital to sustain operations for a minimum of 12 months in the absence of any income; and secondly to have funds available at short notice for unforeseen emergency maintenance or other projects necessary to sustain the operations of the charity. The Trustees believe that the current reserves within the General Fund of £231,034 place the Charity in a strong position to be able to carry out its objects. For the foreseeable future
## _Statement of trustees' responsibilities_
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
- (a) select suitable accounting policies and apply them consistently
- (b) make judgements and estimates that are reasonable and prudent
- (c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements
- (d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in operation
The trustees are responsible for keeping accounting records which 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 1993. 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.
David M Blair — Chairman On behalf of the Trustees
30 November 2024
2
## **Independent Examiner's Report to the Trustees of St Ives Day Centre**
**I** report on the accounts of the Trust for the year ended 31 March 2024. which arc **set out on pages 4 to 10.**
## **Respective responsibilities of trustees and examiner**
**The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 201 I Act) and that an independent examination is needed.**
## **It is my responsibility to:**
- **examine the accounts under section 145 of the 2011 Act;**
- **follow the procedures laid down in the General Directions given by the Charity Commission under**
- **section 1 45(5)(b) of the 2011** Act; and
- **state whether particular matters have come to my attention.**
## **Basis of independent examiner's report**
**My examination was carried out in accordance with the General Directions given by the Charity Commission. An independent examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.**
## **Independent examiner's statement**
**In connection with my** examination, no matter has come to **my attention:**
- **(I) which give me reasonable cause to believe that in any material respect the requirements:**
- **to keep accounting records in accordance with section 130 of the Act; and**
- **to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act**
**have not** been met; or
- (2) **to which,** in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
C J Dyke Chartered Accountant
The Old Police Station Priory Road St Ives Carobs PE27 513l3
Date: 3(..)
3
## **St Ives Day Centre Statement of Financial Activities**
**for the year ended 31 March 2024**
|**St Ives Day Centre**
**Statement of Financial Activities**
**for the year ended 31 March 2024**||
|---|---|
|**Notes**
**Incoming resources from generated funds**
Voluntaryincome
**2**
Investment income
3
**Total incoming resources**
**Resources expended**
**Costs of generating funds**
**Costs of generating voluntary income**
**4**
**Total resources expended**
**Net movement in funds**
**Reconciliation of funds**
**Total funds brought forward**
Total funds carried forward|**Unrestricted**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2023**
**£**
**134,108**
**134,108**
**110,142**
3,977
3,977
**1,961**|
||**138,085**
**138,085**
**112,103**|
||**177,894**
**177,894**
**170,430**|
||**177,894**
**177,894**
**170,430**|
||**(39,809)**
**(39,809)**
(58,327)|
||270,843
270,843
329,170|
||231,034
231,034
270,843|
**All incoming resources and resources expended derive from continuing activities. The charity has no recognised gains or losses for the year other than the results above.**
**4**
## **St Ives Day Centre Balance Sheet**
## **as at 31 March** 2024
|Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due
within one year
Net current assets
Net assets
The funds of the charity
Unrestricted funds
Total charity funds|Notes
6
7
8|2024
£
54,232
3,148
179,936
183,084
(6,282)
176,802|2023
£
66,484
3,061
205,550
208,611
(4,252)
204,359|
|---|---|---|---|
||9|||
|||||
|||231,034|270,843|
|||231,034|270,843|
|||231.034|270,843|
These accounts were approved by the Trustees on 30 November 2024
and signed on their behalf DM Blair Trustee
The notes on pages 7 to 10 form an integral part of these financial statements.
## **St Ives Day Centre**
## **Cash Flow Statement**
**for the year ended 31 March** 2024
|Cash generated from operations
Net movement in funds
Reconciliation to cash generated from operations:
Depreciation
Profit on sale
Sale of fixed assets
(Increase) in debtors
Increase/(decrease) in creditors
**Application of**cash
Purchase of tangible fixed assets
**Net decrease in**cash
Cash at bank and in hand at I April 2023
**Cash at bank and in hand at 31**March 2024
**Consisting of:**
**Cash**at bank and in hand|**2024**
**2023**
£
£
(39,809)
(58,327)
12,252
16,211
(87)
(263)
2,030
(3,774)|
|---|---|
||(25,614)
(46,153)|
|||
|||
||(25,614)
(46,153)
205,550
251,703|
||179,936
205,550|
||179,936
205,550|
6
**St Ives Day Centre Notes to the Accounts**
**for the year ended 31 March 2024**
## **I Accounting** policies
## _**Basis of preparation**_
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The trust constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.
## _**Fund accounting policy**_
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
## _**Incoming resources**_
Voluntary income including donations and legacies is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
## _**Resources expended**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category.
Investment income is recognised on a receivable basis.
## _**Depreciation**_
Depreciation has been provided at the following rates in order to write off certain assets over their estimated useful lives.
Equipment, fixtures and fittings 15% reducing balance Motor vehicles 25% reducing balance
|**2**
**Voluntary income**
Contract payments - Social Services
Sundry income|**Unrestricted**
**funds**
72,512
61,596
~~**134,108**~~|**Total**funds
2024
72,512
61,596
Total funds
2023
68,408
41,734|
|---|---|---|
|||134,108
110,142|
7
## **St Ives Day Centre Notes to the Accounts**
**for the year ended 31 March 2024**
|**3**
**Investment**income
Bank interest
**4**
**Total**resou reed expenses
Direct costs
Wages and salaries
Staff training
Meals
Members entertainment
Rates
Light and heat
Insurance
Cleaning
Repairs and maintenance
Kitchen consumables
Postage and stationery
Telephone
Minibus running expenses
Book-keeping and professional fees
Accountancy
Sundry expenses
Depreciation
Profit on sale of assets|Unrestricted
Total funds
funds
2024
£
£
3,977
3,977|Total funds
2023
£
1.961|
|---|---|---|
||From
Total
**Voluntary**
**2024**
income
£
£
£
110,397
110,397
49
49
13,844
13,844
16,219
16,219
659
659
3,678
3,678
1,044
1,044
3,813
3,813
1,253
1,253
1,791
1,791
66
66
1,230
1,230
6,614
6,614
3,900
3,900
636
636
449
449
12,252
12,252
-|Total
2023
£
98,555
344
10,197
17,639
754
3,936
1,050
4,758
2,508
1,142
204
1,137
6,574
3,840
600
981
16,211|
||177,894
177,894|170,430|
## **5 Trustees' remuneration and expenses**
No trustees received any remuneration during the year.
## **St Ives Day Centre**
## **Notes to the Accounts**
## **for the year ended 31 March 2024**
|6 Tangible fixed assets
Building
improvem'ts
Equip't,
fixtures &
fittings
£
£
Cost
At I April 2023
15,327
62,902
Additions
-
-
At 31 March 2024
15,327
62,902
Depreciation
At I April 2023
57,529
Charge for the year
804
At 31 March 2024
58,333
Net book value
As at 3 I March 2024
15,327
4,569
As at 31 March 2023
15,327
5,373
7
Debtors
**Other**debtors and prepayments
8
Cash at bank and in hand
Bank current account
Deposit accounts
Petty cash
9
Creditors: amounts falling due within one year
Accruals and deferred income|Building
improvem'ts
Equip't,
fixtures &
fittings
£
£
15,327
62,902
-
-|Minibus
£
63.700|Total
£
141,929
-|
|---|---|---|---|
||15,327
62,902|63,700|141,929|
||57,529
804|17,916
11,448|75,445
12,252|
||58,333|29,364|87,697|
||15,327
4,569|34,336|54,232|
||15,327
5,373|45,784|66,484|
|||2024
£
3,148|2023
£
3,061|
|||3,148|3,061|
|||2024
£
3,285
176,584
67|2023
£
32,832
172,606
112|
|||179,936|205,550|
|||2024
£
6,282|2023
£
4,252|