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2023-12-31-accounts

DERBY CHILDREN’S SEASIDE HOME

FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

REGISTERED CHARITY NO: 218063

DERBY CHILDREN’S SEASIDE HOME

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

C O N T E N T S

Page
Charity particulars 1
Chairman’s Statement 2
Trustees’ report 3 - 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 12
Independent examiners’ report 13

DERBY CHILDREN’S SEASIDE HOME

CHARITY PARTICULARS

YEAR ENDED 31 DECEMBER 2023

Registered Charity No: 218063

TRUSTEES
TRUSTEES Alan Grimadell (Chairman)
Bill Tomlinson
Mike Copestake
John Lake
Chris Walker
Juliette Whitby
Joanna West
Pauline Rhule
Ross McCristal
PATRON: Sir Henry Every Bt. DL.
William Tucker CVO.DL
Don Amott Hon D Univ
HOLIDAY CENTRE 1 Scarborough Avenue
Skegness
PE25 2SZ
PRINCIPAL OFFICE: 1 Melbourne Business Court
Millennium Way
Pride Park
DERBY
DE24 8LZ
CONTACT ADDRESS: Paul Duffin
1 Melbourne Business Court
Millennium Way
Derby
DE24 8LZ
INDEPENDENT EXAMINERS PKF Smith Cooper Limited
Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
BANKERS: National Westminster Bank plc
58 St Peter’s Street
DERBY
DE1 1XL

1

DERBY CHILDREN’S SEASIDE HOME

CHAIRMAN’S STATEMENT

YEAR ENDED 31 DECEMBER 2023

INTRODUCTION

The accounts properly provide all the financial information required to be disclosed by law.

WELCOME

During 2023 our charity welcomed a new Trustee Ross McCristal. We are delighted to welcome Ross to the Derbyshire Children’s Holiday Centre.

STRATEGY

We continued to provide holidays to disadvantaged Derby/Derbyshire children from March 2023 to October 2023. In total we provided over 400 children’s holidays.

During the year the DCHC formed a number of fundraising partnerships with the business community. This is a strategy we will continue to develop.

The charity was fortunate to receive a number of legacies during the year. We continue to mailshot annually lawyers and funeral directors. Our working relationship with both will continue as we move forward.

Penguin PR are engaged to promote our charity on a regular basis. We continue to remain Bondholders of Marketing Derby.

FUNDING

Donations continued to be received from many organisations and individuals. Funding has to be found to cover salaries, and other running costs including maintenance and repairs of the holiday centre in Skegness.

On behalf of the Trustees, I am very grateful for the continued support and generosity to the charity by individuals, the business community and volunteers.

We continued during the year to initiate partnership agreements with the business community throughout Derbyshire. The charity was fortunate to receive a number of legacies.

Finally thank you to all of the DCHC Trustees, - officers, employees and volunteers for their incredible hard work, commitment and positivity during 2023.

Alan Grimadell

Chairman

2

DERBY CHILDREN’S SEASIDE HOME

TRUSTEES’ REPORT

YEAR ENDED 31 DECEMBER 2023

Objective

The objective of the Charity is to provide holidays for needy Derbyshire children.

Trustees

The Trustees of the Charity are listed on page 1 of the financial statements.

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial 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 that period. In preparing the financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper 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 2011, the Charity (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.

Public Benefit

The Trustees have had due regard to the guidance published by the Charity Commission on public benefit.

Policy on Reserves

The Trustees’ policy is to hold available unrestricted funds at the year end towards the following year’s estimated holiday and running costs together with a contingency buffer to meet unforeseen costs, as follows:

Holiday costs Contingency Buffer General Fund Total £220,000 £50,000 £7,982 £277,982

Independent Examiners

The independent examiner, Martin Gadsby, has indicated his willingness to continue in office and will be proposed for appointment at the forthcoming Annual General Meeting.

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DERBY CHILDREN’S SEASIDE HOME

TRUSTEES’ REPORT (CONTINUED)

YEAR ENDED 31 DECEMBER 2023

The Derby Children’s Seaside Home, now known as the Derbyshire Children’s Holiday Centre (“The Centre”) was constituted by trust deed in 1898 and is a charity registered with the Charity Commissioners under Number 218063. The Trustees are pleased to report on the activities of the Centre for the year ending 31 December 2023.

The Board of Trustees ensures the Centre is administered efficiently by the delegation of a number of functions for the daily operation of the Centre to the Centre Manager, the Fundraising Officer and the Finance Officer. Officers report to the Chairman on a daily basis and to the Board of Trustees at their bi-monthly meetings and have immediate access to the Chairman and Trustees with specific areas of responsibility. The Centre Manager is salaried; the Fundraising Officer receives a small remuneration and the Finance Officer undertakes his office on an honorary basis.

The Centre is located in Skegness and is managed by the Centre Manager reporting directly to the Chairman. The Centre Manager is supported by seasonal staff trained to their responsibilities.

The Officers for the year are listed below:

Fund Raising Officer David Harris
Finance Officer Paul Duffin
Centre Manager Arlene Byerley

Since 1891 the Centre and its forerunner have been committed to providing a holiday to those children of Derby/Derbyshire who, through no fault of their own, would not otherwise receive one. Chosen due to family circumstances the urgent need of the holiday provided can also bring respite to those family members responsible for the children. Disadvantage today takes many and various forms, but the Trustees (firmly/implacably) believe implacably that the Centre fulfils the objectives that the founders would recognise and endorse.

We successfully provided holidays to over 400 children during 2023 on a regular basis.

The Trustees are deeply indebted to and record their sincere appreciation of all our partners and private benefactors without whom the ongoing provision of holidays by the charity would not be possible. Their support and goodwill being continued in 2023 and beyond are necessary for the quality of the holiday provision and safety of the children who will holiday at the Centre next season.

Trustees’ thanks are also extended to all supporters, members of the public, corporate bodies, associations, organisations and clubs who have donated directly to the charity or organised events throughout the year and we look forward to their continuing support in the future.

4

DERBY CHILDREN’S SEASIDE HOME

TRUSTEES’ REPORT CONTINUED

YEAR ENDED 31 DECEMBER 2023

.

The continuing dedication of the DCHC team both at the Centre in Skegness and at the Office in Derby; the Officers, Care staff at the Centre, the office staff. Also, to every committed volunteer, all of whom diligently work to ensure that the charity’s Holiday Programme can be successfully delivered. All is wholly recognised by the Board of Trustees who thank them for their dedication and congratulate them for their successes both individually and collectively throughout the year.

Currently all surplus funds are invested in short term deposits.

Approved on behalf of the Board of Trustees

5

DERBY CHILDREN’S SEASIDE HOME STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2023

Unrestricted
Restricted
Note
Funds
Funds
Income from:
Donations and other grants 2
423,272
-
Investments
2,995
-
Total income
£426,267
£ -

_
Expenditure on:
Charitable activities
2
306,919
-
Other
2
85,276
-
Total expenditure
£392,195
-
 _
_ _
Net (loss)/ income
34,072
-
and movement in fund
Total funds brought forward 243,910
245,775
Total funds carried forward
£277,982
£245,775

___ ___		 Total
2023
423,272
2,995

£426,267


306,919
85,276
£392,195


34,073
489,685
£523,757

___ ___		 Total
2022
259,982
498
£260,480

242,431
75,345
£317,776

(57,296)
546,981
£489,685
__ ___

All income and expenditure derive from continuing activities.

6

DERBY CHILDREN’S SEASIDE HOME

BALANCE SHEET

YEAR ENDED 31 DECEMBER 2023

Note
FIXED ASSETS
3
CURRENT ASSETS
Debtors
4
Cash at bank and in hand
CURRENT LIABILITES
Creditors – amounts falling
due within one year
5
NET CURRENT ASSETS
NET ASSETS
FUNDS
Restricted funds
6
Unrestricted funds
6		 2023

246,088
8,223
278,161
286,384
8,716
277,668
£523,757
_____
245,775
277,982
£523,757
 _____		 2022
7,228
247,882
255,110
12,593
 247,168
242,517
£489,685
___ ___		 247,168
242,517

245,775
243,910
£489,685
___ ___
245,775
243,910

Approved by the Trustees and signed on their behalf:

Trustee

7

DERBY CHILDREN’S SEASIDE HOME

NOTES TO THE FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2023

1 ACCOUNTING POLICIES

Preparation of financial statements

General information and basis of preparation

Derby Children’s Seaside Home is an unincorporated charity in England. The address of the registered office is given on page 1 and the nature of the charity’s operations and principal activities are shown on page 4.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011and UK Generally Accepted Practice.

The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Fund Accounting

Funds are classified according to the manner in which they are allowed to be spent.

Unrestricted funds are expendable at the discretion of the Trustee in furtherance of the Charity’s objectives. Included in unrestricted funds are designated funds (see Note 6) which are funds ear-marked by the Trustees for particular purposes. The designation has an administrative purpose only and does not legally restrict the Trustees from using their discretion to reapply the fund.

Restricted funds are subjected to restrictions on their expenditure imposed by the terms on which the money was received.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

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DERBY CHILDREN’S SEASIDE HOME

NOTES TO THE FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2023

1 ACCOUNTING POLICIES (CONTINUED)

Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Fixed assets

Fixed assets are included at cost. Depreciation is provided to write off the cost, less residual values of all fixed assets over their expected useful lives. It is calculated at the following rates: -

Equipment - 20% per annum - reducing balance
Minibus - 20% per annum- straight line
Freehold property - not depreciated

No depreciation has been applied to the freehold property on the basis that the residual value is of such magnitude that any depreciation charge would not be significant.

Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK tax purposes.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Government Grants

Government grants are recognised at the fair values of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grant will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable.

2 ANALYSIS OF MOVEMENT ON FUNDS

GENERAL FUND
INCOME
Donations and other grants
Investments		 2023 2022
423,272 259,982
2,995 498
426,267 260,480
____
___ __

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DERBY CHILDREN’S SEASIDE HOME

NOTES TO THE FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2023

2 ANALYSIS OF MOVEMENT OF FUNDS (CONTINUED)

EXPENDITURE 2023 2022
Charitable activities
Staff costs 181,782 160,409
Property costs 86,025 51,165
Holiday costs 24,619 21,509
Vehicle costs 14,493 9,348
306,919 242,431
Other
Consultancy and marketing 15,911 13,947
Salary and NIC 50,173 49,793
Motor expenses 290 452
Sundry 18,902 11,153
85,276 75,345
£392,195 £317,776
_ _ __ _ _ __ __

All income and expenditure occurring in 2023 was related to unrestricted funds, as was the case for all income and expenditure in 2022.

3 TANGIBLE FIXED ASSETS

Cost
As at 1 January 2023
Additions
As at 31 December 2023
Depreciation
As at 1 January 2023
Charge for the year
As at 31 December 2023
Net Book Value
As at 31 December 2023
As at 31 December 2022		 Freehold land
And Property
242,844
-

£242,844
___
-
-

-
__ ___
£242,844
_____
£242,844
______		 Minibus
59,412
-

£59,412
___
55,088
1,080
£56,168
___
£3,244
_
£4,324
 ___		 Equipment
TOTAL
11,931
314,187
-
-

£11,931
£314,187
_
_
11,931
67,019
-
1,080

£11,931
£68,099
 __
__ ___
£ -
£246,088
___ __
___ ___
£ -
£247,168
____
__ ____

The net book value of freehold land and buildings at 31 December 2023 represents fixed assets used for direct charitable purposes.

10

DERBY CHILDREN’S SEASIDE HOME

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

4 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayments 2023

8,223
8,223
____ _		 2022
7,228
7,228
___ __

5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deferred income
Taxation and social security
Other creditors
6
STATEMENT OF FUNDS
Balance as at
01.01.23
Income
Unrestricted funds
243,910
426,267
Restricted funds
245,775
-
Total funds
£489,685
£426,267
_ _
 ___
Balance as at
01.01.22
Income
Unrestricted funds
301,206
260,480
Restricted funds
245,775
-
Total funds
£546,981
£260,4810
_____
_____ _
Expenditure
(392,195)
-
£ (392,195)


Expenditure
(317,776)
-
£ (317,776)
_____ _		 2023
2022
4,579
9,179
2,962
2,149
1,175
1,265
£8,716
£12,593
_

Transfer
Balance as at
Between funds
31.12.23
-
277,982
-
245,775
-
£523,757
 __
___ ___
Transfer
Balance as at
Between funds 31.12.22
-
243,910
-
245,775
-
£489,685
__ ____
 __ __		 2023
2022
4,579
9,179
2,962
2,149
1,175
1,265
£8,716
£12,593
_

Transfer
Balance as at
Between funds
31.12.23
-
277,982
-
245,775
-
£523,757
 __
___ ___
Transfer
Balance as at
Between funds 31.12.22
-
243,910
-
245,775
-
£489,685
__ ____
 __ __



£

The restricted fund relates to the freehold property.

7 TRUSTEES REMUNERATION AND EXPENSES

The Chairman has received an honorarium in the year to a value of £10,000 ( 2022 : £10,000).

Expenses have been paid only to reimburse Trustees for costs incurred on behalf of the Charity.

11

DERBY CHILDREN’S SEASIDE HOME

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

8 STAFF COSTS

STAFF COSTS
2023 2022
Wages and salaries 217,973 195,279
Social security costs 10,910 10,595
£228,883 £205,874
____ __ ______

There were no employees whose emoluments as defined for taxation purposes amounted to over £60,000.

The average number of employees, analysed by function was:

2023 2022
Number Number
Charitable activities 9 9
Management and administration of the charity 3 3

9 NET INCOMING RESOURCES/RESOURCES EXPENDED

This is stated after charging:

Depreciation of tangible assets by £1,080.

10 ANALYSIS OF NET ASSETS BETWEEN FUNDS

General Restricted 2023 2022 Tangible fixed assets 313 245,775 246,088 247,168 Current assets 286,385 - 286,385 255,110 Current liabilities (8,716) - (8,716) (12,593) 277,982 245,775 523,757 489,685

12

DERBY CHILDREN’S SEASIDE HOME

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF DERBY CHILDREN’S SEASIDE HOME

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 6 to 12.

Responsibilities and basis of report

As the charity’s trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I confirm that I am qualified to undertake the examination because I am a member of ICAEW.

I have completed my examination. I confirm that no material 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 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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 accounts to be reached

Martin Gadsby

Member of the Institute of Chartered Accountants in England & Wales

PKF Smith Cooper Limited

Prospect Place Millennium Way Pride Park Derby DE24 8HG

13