REPORT OF THE TRusfEES AND FINANQAL STATEMEp¥rs FOR THE YEAR ENDED 3111 DECEMBER 2024 FOR THE JO BENSON DAY CENTRE FOR THE PHYSICALLY HANDICAPPED REGISTERED CHARITY NUMBER: 262719 Bemerton Lodge Sodal Centre Christie Miller Road Sallsbury Wilts SP2 7EN
THE JO BENSON DAY NTrE FOR THE PHYSICALLY HANDICAPPED CONTENTS OF THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 Dember Z024 Page Report of the Trustees Independent Examlnerfs Report Statement of Financlal Attivlties Balance Sheet Notes to the Financial Statement5 7-11
THE JO BENSON DAY CENTRE FOR THE PHYSICALLY HANDICAPPED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report and the independently examined financial statements of the charity for the year ended 31 Dember 2024. The trustees have adopted the provision5 of the Statement of Recommended Practice (SORP} "Aceounting and Reporting by Charities- in preparing the annual report and financial statements of the charity- STATUS The Trust is an unincorporated charity and is governed by a deed dated 27 April 1971. TRUSTEES OF THE CHARITY The trustees during the year under review were: Michael Bowyer Malcolm Hitchings Jenny Collings Nigel Turk Hilary Maidment Dr Beth Robertson Charles Woodburn Benson Christine Pearce Rosemary Ing5 All trustees give their tlme voluntarily and receive no monetary benefrts from the Charty. We aim to recwit trustees who have experience of worklng with vulnerable adults over 18. It is desirable rf these indlviduals have experience of the voluntary settor and can offer skills i.e. financial, marketin& etc. which would benefit the Charity. New trustees are appointed by the Board of Trustees after the relevant interview pro5$. New trustees receive an induction pack containing significant documents of the organisation and the legal responsibilities of the role. RISK MANAGEMEI The Trustees have assessed the major risks to which the charity is exposed and are satisfied that there are systems in place to mitigate the exposure to such risks. OBJEcfivES AND ACTIVITIES The objertives of the charity are the provision of day care, craft and social activities for physically disabled adults and to give carers a day off. The Trustees meet formally at quarterly intervals and at other times when required. Routine business is delegated to the Chairman and the charitys administrator. The Trustees have considered the Charity Commission's General Guidance on public benefit and are sat15fied that the public benefit requirement is being met. ACHIEVEMENTS AND PERFORMANCE During the year the trustees met 5 time5, in February, May, August, October and November. Discussions commenced about broadening the spectrum of our members by removing the referen to "for physically disabled adults" Health and Safety measures following Covid have been implemented. A new membership form ha5 been devised giving access to more information and giving expectation5 of members and of staff. A business continuity plan has been put in place to deal with sudden or unexpetted closure - this was successfully tested shortly afterwards.
THE JO BENSON DAY CENTRE FOR THE PHYSICALLY MANDICAPPED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 th On June 18 an open Morning took pla. Visrtors induded the High Sheriff of Wiitshire. the Salisbury Cty Mayor, the local MP and local councillors along with representatives from care homes and care agencies. Valuable contacts were made. and awareness of the centre wa5 raised. To reduce/eliminate the anticipated deficit it was agreed to increase daily subscription rates in two stages. January and July 2025. Discussions began on becoming a Charitable Incorporated Organi5ation. It was noted that our lease of the premises with the Order of St John Care Trust expires in September 2025. FINANCIAL REVIEW In 2023 it was preditted that an operating1055 for 2024 would again be incurred. and this Was why discussions took place about increasing subscription rate5. The draft accounts for the year to 31, December 2024 show a loss of £30,849 [£79,233 expenditure, less £48,384 income). Although this result is disappointlng, the deficit was largely offset by a financial gain on the sale of investments1£2,686) and a gain on the revaluation of our investment portfolio at the year-end1£27.2071- resulting in an overall loss of only £956 compared with a loss of £606 in 2023. Receipts from donations totalled £557 in 20241£308 in 2023) and there was no iTrcome from legacies. The increased subscription rates introduced in 2024 led to a small increase in subscription income for the year of £37,225 compared to £36,639 in 2023. but the increased rates were nullified by the continuing problem in maintaining the number of member days. The further increases in subscription rates operative from January 2025 and later in July 2025 will hdp. but again the beneficial effect will be minimal if member days are not increased. The total investrnent income for 2024 was £9.521. rising from £7,623 for 2023 following discussions with our investment advisor5 Cazenove to adjust our portfolio to produce more income. Expenditure rose by E2.969 in the year1£78,233 in 2024, £75,264 in 2023) excluding the provision for £l.000 independent examination fee treated as donated services. The increase in salarie5 of £5,273 was partly offset by a reduction in Support Costs. 2024 benefitted from a £2,6851£744 in 20231 net profit on the Sale of investments. In addition, there was a £27,208 unrealised net gain on the revaluation of the portfolio at the year end, compared with an unrealised net gain of £13,391 in 2023. The value of investment5, including cash held by Cazenove, increased by a net £28,517 in the year16.7%1 from £427,994 to £456,511.
THE JO BENSON DAY CENTrE FOR THE PHYSICALLY HANDICAPPED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2024 RESERVES POLICY It is the intention of the Trustees that the freely availèble reserves of the charity should be accumulated up to a level sufficient to ensure the continuance of its attivities. should there be an unexpected short-term. adverse fluctuation in income. Reserves are held to cover running costs, including wages. should there be a gap in funding. ON BEHALF OF THETRUEES. wyer Icha M Hitchings (T asur Date: 7-q.ZS
THE JO BENSON DAY CENTrE FOR THE PHYSICALLY HANDICAPPED INDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES OF TrIE JO BENSON DAY CENTRE FOR THE PHYSICALLY HANDICAPPED FOR THE YEAR ENDÉD 31 DECEMBER 2024 I report to the trustees on my examination of the accounts of the Jo Benson Day Centre For The Physically Handicapped for the year ended 31 December 2024 which comprises the statement of financial activities, the balance sheet and the notes to the account5 set out on page5 5 to 11. Respective responsibilitle5 of trustees and examiner and ba515 of report As the tharivs trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the ACYI. I rewrt in respect of my examination of the tharitys accounts carried out under sectlon 145 of the Act and Sn carrying out my examination I have followed all the applicable Direttions given by the Charity Commission under section 145{5)Ibl of the Act. Independent examiner's statement 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 re5pert: accountin8 records were not kept in respett of the charity a5 required by Section 130 of the Act; or the accounts do not accord with those record5; or the accounts do not comply with the applicable requirements conMIng the form and content of accounts set out in the Charities IAccount5 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. Simon Ellingham BA FCA DChA Fawcetts LLP Chartered Accountants Windover House St Ann Street Salisbury SPI 2DR
THE JO BENSON DAY CE[RE FOR THE PHYSICALLY HANDICAPPED sfATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 (All Unrestricted Funds) 2024 2023 Notes INCOME AND ENDOWMENTS FROM: t)onations and legacies: Donations Donated services 557 1,000 308 1,557 1,308 Charitable activities: Member5 subscriptions Amenity Contrlbutions 37,225 36,639 8,611 37,225 45,250 Other: Funttions 81 142 Investment income 9,521 7.623 TOTAL INCOME AND ENDOWMENTS 48,384 54,323 EXPENDITURE ON: Charitable activities 72,892 6,341 68,564 6.71)) Support costs TOTAL EXPENDITURE 79,233 75,264 Net gains / (losses) on investments 2,685 744 NET EXPENDITURE 128.164) 120.197) OTHER RECOGNISED GAINS I (LOSSES): Gains / {lossesl on revaluation of investments 27.208 13,391 NET MOVEMENT IN FUNDS 1956) 16,806) RECONCILIATION OF FUNDS: Total funds brought forward 463,719 470.525 Totsl funds carried forward 462,763 463,719 All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year.
THE JO BENSON DAY CENTRE FOR THE PHYSICALLY HANDICAPPED BALANCE SHEEr AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed Asset Investments Equities United Kingdom Europe excl. United Kingdom North America Japan Asia excl. Japan Emerging Markets Global 18,336 10.097 77.628 9,776 11,527 8.750 49,450 17,235 54.325 13.636 10.487 8.009 50.333 Bonds United Kingdom North America Emerging Markets Global 35,860 48,448 20,245 11,138 15,437 10,725 29,574 Afternatives Hed8e Funds Commodities Other 18,993 28,623 23,787 333.126 23.440 25,145 24,610 322,488 Multi Asset Fund 113,332 104,765 Schroder Cash Deposit 10,053 456.511 741 427,994 Current Assets Debtor5 Cash at bank and in hand io 4,265 3,702 7.967 2,916 36,934 39.850 Creditors: amounts falling due within one year li 1.715 4,125 Net Current Assets 6,252 35,725 Net Assets 462,763 463.719 Charit funds General Fund 462.763 462,763 463,719 463,719 The Financial Staternents were approved and authorised for issue by the Trustees on 3 June 2025 and signed on behalf of the board of Trustees by: wyer I air M Hitchin8S reas erl
THE JO BENSON DAY CENTRE FOR THE PHYSICALLY HANDICAPPED NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. SUMMARY OF SIGNIFICANT ACCOLINTING POUCIES A) GENERAL INFORMATION AND BASIS OF PREPARATION The charity constitutes a public benefit entity as defined by FRS 102. The fiTrancial staternents have been prepared in accordance with Accounting and Reporting by Chorities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charitie5 ALt 2011. and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going conrn basis under the historical cost convention. modified to include certain item5 at fair value. 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 unle55 Otherwise ststed. All Fixed A55ets are written off in the year of purchase. Changes to Prevlous Accounts: No changes have been made to Accounts for previous years. B) FUNDS Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objettives of the charity and which have not been desi8nated for other purposes. C) INCOME RECOGNITION All incoming resources are included in the Statement of Financial Artivities ISOFAI when the charity is legallv entitled to the Income after any performance conditions have been met, the amount can be measured rellably and it is probable that the income will be Ceived. For donations to be recognised the charity will have been notrfied of the amounts and the settlement date in writing. If there are conditions attached to the don*ion and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those condition5 IS within the control of the charity and it is probable that they will be fulfilled. l)onated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the chartty. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial Statements for volunteertirne in line with the SORP. Further detail is given in theTrustees' Annual Report. For legacies, entitlement is the earlier of the charity being notrfied of an impeTrding distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated os a contingent asset and disclosed. Income from trading attivities Includ income earned from fundraisin8 events and trading activities to raise funds for the charity. Income 15 received in exchange for supplying goods and 5ervice5 in order to raise funds and 15 recognised when entitlement has occurred.
THE JO BENSON DAY CENTRE FOR THE PHYSICALLY HANDICAPPED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 C) INCOME RECOGNITION (CONTINUED) Investment income is earned through holding assets for investment purposes such as shares and property. It includes divldends, interest and rent. Where it is not practicable to identify investment management. GOSts incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effertive interest method and dividend and rent income is recogni5ed as the charity's rl8ht to receive payment is established. D) EXPENDITURE RECOGNITION All expendlture Is accounted for on an accruals basis and ha5 been c105sified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or construttive 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 underthe following headings- Expenditure on charitable activities includes salarie5, functions and rent. Other expenditure represent those items not falling into the categories above. EI SUPPORT COSTS ALLOCATION Support costs are those that a55i5t the work of the charity but do not directly represent charitable activities and include office costs and governance costs. They are incurred directly in support of expenditure on the objetts of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a ba515 con5i5tent with use of the resources. The analysis of these costs is included in note 4. F) INVESTMENTS Investments are recogni5ed initially at falr value which Is normally the transaction price excluding transartion Costs. Subsequently, they are measured at fair value with changes reco8nlsed In 'net gains / {losses) on investments, In the SOFA If the shares are publicly traded or their fair value can otherwise be measured reliably. Other Investments are measured at cost less impairment. G) DEBTORS ANO CREDITORS RECEIVABLE / PAYABLE WITHIN ONE YEAR Debtors and creditor5 Wlth no stated interest rate and recelvable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognlsed in expenditure. INCOME FROM INVESTMENTS 2024 2023 Dividends - equities Interest- fixed interest securities Unit Trust distributions 4.835 1.570 3,116 3,360 555 3.708 9.521 7,623
THE JO BENSON DAY CEIffiIE FOR THE PHYSICALLY HANDICAPPED NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ANALYSIS OF EXPENDITURE ON CHARITABLE AcnviTIES 2024 2023 Salaries and agenry costs Members amenitie5 Functions Rent 69,192 2,200 63,919 3,145 1.5(K) 1.500 72,892 68,564 ANALYSIS OF SUPPORT COSTS 2024 2023 Investment advisor fee Office supplies. telephone and broadband Insurance Independent examlnation fee Recruitment Costs Other 1.948 1,580 725 1,000 1.952 1.395 819 1,088 1,534 6,341 6,700 5. GRANTS AND DONATIONS No grants or donations were made in the year. INDEPENDENT EXAMINER'S REMUNERATION There were no fees paid to the independent examiner. 7. TRu¥fEES' AND KEY MANAGEMENT PERSONNEL REMUNERATION EXPENSES The trustees neither received nor waived any remuneration during the year12023: £NILI. The trustee5 are considered to be the key management personnel of the charity. No payments were made to a third party for expense5 incurred by a trustee12023: £NIL).
THE JO BENSON DAY CENTRE FOR THE PHYSICALLY HANDICAPPED NOTES TO THE FINANaAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS AND EMPLOYEE BENEFITS Paid Employees: 2024 2023 Gross Salarie5 Employerfs pension contribution 68.675 517 63.438 Total Staff costs 69,192 63,919 No. No. Engaged in caring for clients Management and Administration Total No employees received total employee benefits lexcludlng employer penslons costs) of more than £60,IJX) {2023: none). FIXED Ass INVEsfMEKrs Analysis of change during the year: Market value brought forward Purchase of investments Sale proceeds Profit/lLoss} on sale 427,253 99,992 1110,6801 2,685 {8.0031 27,208 Net gain on revaluation Market value carrfed forward 446,458 Investments at fair value comprise: 2024 2023 Quoted Investments las above) Cash within investment portfolio 446,458 10,053 427,253 741 456,511 427,994 io
THE JO BENSON DAY CENTrE FOR THE PHYSICALLY HANDICAPPED NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. DEBTORS 2024 2023 Trade debtors Prepayments 3,700 565 2,414 502 4,265 2,916 11. cREDoRS. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade credltors Soclal security and other taxes 1.125 590 4,125 1,715 4,125 12. RELATED PARTY TRANSAcfioNS There were no related partytrdnsartions durln8theyear12023: £NIL). No amounts were owing to or from Trustees, persons connected with them or other related parties, by the Charlty at the year end. 13. OTHER ITEMS al The Charity has no Endowment or Restritted Income Funds. bl The Charity ha5 no material commitments not provided for in the Accounts. c} The Charity has not given any guarantees to third parties in the year. dl The Charity ha5 not received or granted any loan5 in the year. el The Charity has not made any ex-gratia payments in the year. li