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2024-12-31-accounts

REGISTERED CHARITY NO: 266950

Henley-on-Thames Day Centre Management Committee

Financial Statements

for the year ended 31[st] December 2024

Doc ID: c76e8951563efe544740b2e18f4107f709065d13

Henley-on-Thames Day Centre Management Committee

Index
Page
Reference and Administrative Details 1
Management Committee Annual Report 2-5
Independent Examiners’ Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9-16

Doc ID: c76e8951563efe544740b2e18f4107f709065d13

Henley-on-Thames Day Centre Management Committee

Reference and Administrative Details

REGISTERED CHARITY NO: 266950

At the date of the report the management committee was:

Appointed by Role Name The Town Council The Mayor of Henley-on-Thames (Ex Officio) Councillor Ms K Hinton (appointed 13[th] May 2024) Councillor Mr T Buckley Local Community Councillor Mr K Arlett (Vice-Chair) Mr D. Fryer Co-opted Chair Councillor Mrs G M Dodds Secretary Mrs E Hodgkin Acting Treasurer Mrs S Bishop PRINCIPAL ADDRESS: Market Place, Henley-on-Thames, RG9 2AA BANKERS: National Westminster Bank plc Unit L11, The Oracle Reading, RG1 2AG INDEPENDENT EXAMINER: Neil Major FCCA Bruton Charles The Coach House Greys Green Business Centre Henley-on-Thames Oxfordshire RG9 4QG

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Doc ID: c76e8951563efe544740b2e18f4107f709065d13

Henley-on-Thames Day Centre Management Committee

Annual Report for the year ended 31[st] December 2024

The Committee Members present their report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s governing document, the Charities Act 2011 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 published in October 2019.

Structure, Governance and Management

The Charity’s Constitution was drawn up and approved by the Charity Commissioners in January 1974 and amended on the 30[th] September 1976, 17[th] October 1985 and 22[nd] August 2005.

The Management Committee consists of: The Mayor of Henley-on-Thames who is an ex-officio Committee Member Three members appointed by the Henley-on-Thames Town Council. Three members appointed to represent local community service organisations. Three representatives of the Members’ Sub-Committee

The Management Committee shall appoint annually a Secretary and a Treasurer.

The Management Committee shall have powers to co-opt up to three members all with the power to vote, to serve to the next Annual Meeting. The Management Committee shall meet Quarterly and at any other time it is considered by the Chairman, or by a majority of its members, to be desirable. The quorum shall be five members.

The induction process for newly appointed members of the Management Committee comprises an initial meeting with the Chairman, followed by a meeting with the Treasurer on investments, powers and responsibilities of the Management Committee and the sub-committees. A pack is also provided which includes a brief history of the day Centre, copies of the previous 12 months Management Committee minutes, a copy of the previous year’s annual report and accounts, a copy of the Constitution and a copy of the Charity Commission’s guidance ‘The Essential Trustee’.

Objectives and Activities

The objects of the Henley-on-Thames Day Centre are to promote the welfare of the aged in any manner which now is or hereafter may be deemed by law to be charitable within Henley-on-Thames and District. In furtherance of this, to manage a Day Centre whose members shall be known corporately as the Henley 60+ Social Club. Each year the trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit and in particular its supplementary public guidance on the prevention or relief of poverty for the public benefit so as to comply with their duty as set out in section 17(5) of the Charities Act 2011.

The Land and Building in Greys Road Car Park are provided rent free by the Henley-on-Thames Town Council under a lease dated the 1[st] April 2005. The Town Council is responsible for the general upkeep and maintenance of the building and the Management Committee is responsible for interior decoration and fittings. The lease from the Henley Town Council does not have a term of years defined but we are informed that it is the Council’s intention to maintain this agreement, for the benefit of its senior residents, indefinitely.

The Club provides a comfortable, relaxing environment and social activities for the over 60's. The location in the centre of the town allows its members easy access to the hospital, surgeries and shopping. The Club is open Monday - Friday with some form of social activity most days.

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Henley-on-Thames Day Centre Management Committee

Annual Report for the year ended 31[st] December 2024 (Continued)

The Club also lets out the premises to Bridge Clubs two nights a week, an English and Maths tuition organisation twice a week, and a local catering business for a few hours per week, to help boost funds.

Staff and Committee Members

Our job-share Managers at the end of the year were Mrs Jackie Handley and Mrs Rebecca Mee, both of whom provide a good service to members and are well assisted by our chef, Mr Craig Mee. Mr Philip Eggleton has continued to carry out both kitchen and cleaning duties with enthusiasm and efficiency. Mrs Sue Bishop retired as Treasurer in March and was replaced by Ms Teresa Edwards. Sadly, Ms Edwards passed away in October and Mrs Bishop returned as Acting Treasurer until a new Treasurer could be found. The Treasurer is a paid member of staff.

Our Chiropodist, Mrs Alison Barton, continues to provide a well-used facility to members on alternate Mondays. Several members and volunteers help the staff in the day-to-day running of the Club and their help is very much appreciated.

The Management Committee is as reported last year. With regard to Town Council Members, Cllr K Hinton stood down as Mayor in May 2043, and was replaced by the newly elected Mayor, Cllr R Hunt. Cllr Hinton continued as a member of the Management Committee. Cllr Arlett continued in the position of Vice Chair. Cllr T Buckley continued to serve on the Committee. The Committee has continued to meet each quarter to discuss and control Club activities, finances and policy matters, and held its AGM in September.

Achievements and Performances in 2024

Membership numbers increased during the year, and lunches have proved popular, with approximately 3,400 lunches being served over the course of the year. The Craft Club continued on Tuesday mornings, a chair yoga class was introduced in Wednesday mornings and Members continue to enjoy their twice-weekly bingo sessions. A free celebration tea was provided, thanks to a donation from The Tony Lane Foundation, and once again we were able to provide a free Christmas Lunch early in December, thanks to another generous donation from Tomalin and Sons. The Tony Lane Foundation also provided funds towards a Christmas raffle and entertainment.

Rising food costs have provided a challenge. Despite these large increases we made a decision to keep the cost of our two-course lunch as low as possible, and have succeeded in keeping any price rises to Members to a minimum.

Members who require transport to access the Club facilities continue to use the local Henley Handybus service free of charge. .

Henley Town Council have continued to carry out maintenance projects on the building when necessary, and they continue to benefit from the surplus energy produced by the Clubhouse’s solar panels.

Financial Review 2024

In 2024 the Club recorded a deficit regarding annual income compared to expenditure. The deficit was £2,845 (2023: deficit of £2,549). The rising cost utilities was the cause of the deficit. Otherwise, income and expenditure were well controlled. Grant income remained at forecast levels, and donations received during 2024 totalled £1,085 (2023: £5,786).

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Henley-on-Thames Day Centre Management Committee

Annual Report for the year ended 31[st] December 2024 (Continued)

Future Plans

It is the intention of the Management Committee to continue to operate the Club in the future to provide a safe and varied social club for the 60+ age-group. The Club is open five days a week we will continue to offer the premises for hire to suitable community clubs or groups during the evenings and local businesses where appropriate. The Management Committee will ensure that it keeps abreast of all recommendations by the appropriate agencies concerning its charitable status and also Health and Safety measures.

Restricted Funds.

A.A. Davis Trust

The terms of the Trust stipulate that the Capital is held in trust by the Management Committee and the Income paid annually to the Management Committee for the benefit of the Members. The value of the Fund at 31st December 2024 was £347,211 (2023: £342,875). The Income from investments in the year ended 31st December 2024 was £10,459 (2023: £10,230). The fund’s investments increased by £6,877 (2023: increase by £23,319) during the year.

Unrestricted/Designated Fund

Transport Fund

In January 1992 when the Abbeyfield Society of Henley-on-Thames was being wound up, £21,000 was passed to the Management Committee. In making the grant the Abbeyfield Society noted the then proposed project to provide transport for the elderly in the area but did not restrict the freedom of the Management Committee to use the money or some of it on another project “since circumstances may change”. From 1 April 2006 the costs of using the Handibus and other buses became free for individuals who are of retirement age and have a bus pass. The Management Committee therefore did not need to subsidise transport costs for Members as it had done in the past. At 31[st] December 2024 the fund was represented by Investments valued at £68,647 (2023: £67,130 and a further £7,212 (2023: £5,011) was held in a Deposit Account making a total value of £75,859 (2023: £72,143). The value of the fund’s investments increased by £1,516 (2023: increase by £5,650) during the year.

Unrestricted Funds

General Bequest Fund

In June 2008 the Management Committee received £45,560 bequeathed under the terms of her will, from Elsie Haymes, a deceased member of the Centre. This sum was transferred to the General Bequest Fund and is in addition to the sum of £37,591 bequeathed by Miss G E Chillman in 2000. The value of the Fund at 31[st] December 2024 was £32,583 (2023: £30,995).

Unrestricted Funds

General Fund

This fund arises from donations and other incoming resources receivable, or generated for the objects of the Charity without a specified purpose and are therefore available to the Committee for general expenditure. The value as at 31[st] December 2024 was £20,312 (2023: £24,769).

The fund’s investments increased by £319 (2023: increased by £1,186) during the year.

Unrestricted Funds Members Sub-Committee Fund

This Fund results from surplus income over the last thirty years and is available to the Members’ Sub-Committee to be spent for the benefit of the membership in general, subject to the budgetary control of the Management Committee. The value of the fund as at 31[st] December 2024 was £14,206 (2023: £13,524).

Investment Powers and Policy

The Investment Strategy is set by the Management Committee on recommendations by the Finance Sub-Committee. The Investment Policy of the Charity has been to endeavour to maintain the capital value and produce a reasonable income return by investing in a range of Charitable Common Investment Funds.

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Doc ID: c76e8951563efe544740b2e18f4107f709065d13

Henley-on-Thames Day Centre Management Committee

Annual Report for the year ended 31[st] December 2024 (Continued)

Reserves Policy

The Management Committee are of the opinion that the variability of income from all sources leads it to the wisdom of maintaining a reasonable amount to buffer that Income and cater for future emergent costs. The Reserves for the Unrestricted Funds as at 31[st] December 2024 were £142,962 (2023: £141,431). This figure represents two years ordinary running costs.

Risk Management

The Management Committee has examined the major strategic, business and operational risks which the Charity faces and confirms that a report is produced at all our committee meetings drawing attention to any matters which require attention. The major risks facing the Day Centre have been reviewed and systems and procedures have been established to manage these risks. This was reviewed in 2024.

Trustees responsibilities in relation to the financial statements

The 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 financial statements giving a true and fair view, the trustees should follow best practice and:

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations other than 2008 and the provisions of the trust deed. The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.’

Approved by the Management Committee and signed on their behalf by:

...............................................

Mrs G M Dodds Chairman

Date: 15[th] September 2025

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Henley-on-Thames Day Centre Management Committee Independent Examiners. Report to the Trustees of the Henley-on-Thames Day Centre Management Committee I report to the trustees on my examination ol the financial slalements of Henley-on-Thames Day Cenlre Management Commillee (the charity) lor the year ended 31 Decembei 2024. which are sel out on pages 7 to 16. Responsibllltles and basls of report Your attention is drawn lo the fact that the charity has piep8red financial statements in accordance with Awounling and Reporiing by Charities preparing their accounts in accordanGe with Ihe Financial Reporting standard applicable in Ihe UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommencled Practice issue on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order lor financial statements lo provide a true and fair view in accordance with Generalty Accepted Accounting Practice effective forreporting periods beginnlng on or after 1 January 2015. As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charilies Acl 20111.the Act'i. I report in respect of my exarnination of the charity's accounts carried out under section 145 of Ihe 2011 Acl and in carrying out my examination I have followed all the applicable Directions gwen by the Charity Commission under Section 14515llbl of Ihe Act. Independent examiner's statement I have completed rny examination. I confirm that no material matters have come lo my attention in conneeiion with the examination giving me cause to believe that in any material respect.. accounting records were not kepl in respect of the Charity as required by sects.on 130 of the 2011 Act., or the ac¢ounls do not accord with those rècords,. or the accounts do not comply with the appllcable requirements concerning the form and content of accounts sel out in the Chaiitie5 (Accounts and Reportsl Regulations 2007 other than any requirement that the accounts give a true and fair view which is nol a matter considered 85 part ol an Independent examina￿on. I have no ¢oncems and have come across no othei matters In connection with the exarninalion lo which attention should be diawn in the rèport sn order lo enable 8 proper understanding of Ihe financial statements lo bg reaGhed. Examiner. Neil Major FCCA Flm).. Biulon Charfe5 Chartered Accounlanls The Coach House Greys Green Buslness Centre Henley-on-Thames Oxfordshire, RG9 4QG D81e'. 15/11 D¢K ID. c76e89515fj3efe544740b2e18f4107fT09065d13

Henley-on-Thames Day Centre Management Committee

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31[ST] DECEMBER 2024

Note
Incoming resources
Voluntary income
2
Activities to further the charity’s objectives
3
Investment income
4
Total incoming resources
Resources expended
Charitable expenditure
5
Management & governance costs
6
Total resources expended
Net (outgoing)/incoming resources
for the year

Transfer between funds
14
Net (outgoing)/incoming resources
before other recognised (losses)/gains
Realised & unrealised gains/(losses) 8/14
Net movement in Funds
Total Funds at 1 January 2023
Total Funds at 31 December 2023
14		 Unrestricted
Funds
18,429
42,986
5,032
_
66,447
27,349
52,402
79,751
(13,304)
13,000
(304)
1,835
1,531
141,431
142,962		 Restricted
Fund
-
-
10,459
______
10,459
-
-
-
10,459
(13,000)
(2,541)
6,877

4,336
342,875
347,211




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Doc ID: c76e8951563efe544740b2e18f4107f709065d13

Henley-on-Thames Day Centre Management Committee

BALANCE SHEET

Fixed assets
Investments
Current assets
Debtors
Short Term deposits
Cash at bank and in hand
Liabilities
Creditors falling due within one year
Net current assets
Net assets
The funds of the charity:
Unrestricted funds
General fund
Designated funds
Restricted fund
Total charity funds		 AS AT 31ST DECEMBER 2024
2024
Note
£
£
8
422,492
10
510
9
57,516
17,389
75,415
11
(7,734)
67,681
13
490,173
34,520
108,442
347,211
14
490,173		 2023
£
£
413,779
1,773
52,484
34,776

89,033
(18,506)
70,527
484,306
38,293
103,138
342,875
484,306
Note
8
10
9
11
13
14

The notes on pages 9 to 16 form part of these accounts

Approved by the Members of the Committee on 15 September 2025 and signed on their behalf by:



Dated: 15[th] September 2025

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Henley-on-Thames Day Centre Management Committee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

1. Accounting Policies

a. Accounting Convention

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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

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 pound.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

b. Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the Financial Statements.

Investment Income and Gains are allocated to the appropriate fund.

c. Incoming Resources

All incoming resources are included in the Statement of Financial Activities (‘SoFA’) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

d. Incoming resources with related expenditure

Where incoming resources have related expenditure (as with fundraising activities) the incoming resources and related expenditure are reported gross in the SoFA.

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Henley-on-Thames Day Centre Management Committee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

e. Grants and donations

Grants and donations are only included on the SoFA when the charity has unconditioned entitlement to the resources.

f. Investment Income

This is included in the accounts when receivable.

g. Investment gains and losses

This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

h. Resources Expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

i. Investments

Investments are stated at market value at the Balance Sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.

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Henley-on-Thames Day Centre Management Committee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

Unrestricted
Restricted
Fund
Fund
£
£
2. Voluntary Income
Grants – Town Council
15,000
-
Donations (incl. Income tax recovered)
1,085
-
Members subscriptions
2,344
-

18,429
-
Unrestricted
Restricted
Fund
Fund
£
£
3. Activities to Further the Charity’s Objectives
Income
Catering
30,689
-
Raffles & Sales
-
-

Bingo
142
-
Christmas/Tea Party
2,250
-
Miscellaneous Income
264
-
Room Hire
9,641
-

42,986
-
Unrestricted
Restricted
Fund
Fund
£
£
4. Investment Income
Interest on investments
2,943
10,307
Interest on short-term deposits
2,089
152
5,032
10,459		 Total
2024
£
15,000
1,085
2,344


18,429

Total
2024
£
30,689
-

142
2,250
264
9,641
______
42,986

Total
2024
£
13,250
2,241

15,491
 Total
2023
£
15,000
5,786
2,170		 Total
2023
22,956
Total
2023
£
27,207
-
182
750
592
11,424
_
40,155
Total
2023
£
12,836
2,193		 Total
2023
15,029

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Doc ID: c76e8951563efe544740b2e18f4107f709065d13

Henley-on-Thames Day Centre Management Committee

NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2024



5. Charitable Expenditure
Cooks Wages (Note 7)
Consumables

Tours, Theatres & social events
Members’ transport
Bingo
Christmas/tea party
Repairs, renewals & renovations
Unrestricted
Fund
£
11,555
11,634
114
589
106
1,586
1,765
27,349		 Restricted
Fund
£
-
-
-
-
-
-
-
-		 Restricted
Fund
£
-
-
-
-
-
-
-
-		 Total
2024
£
11,555
11,634
114
589
106
1,586
1,765

27,349
 Total
2023
£
9,997
10,757
643
11,266
198
207
2,200
35,268



6. Management and Administration of the Charity
Staff cost –Manager (note 7)
Payroll processing
Employer Pension Contributions (note 7)
General administration expenses
Treasurer costs (note 7)
Governance expenses (note 7)
Independent examiners fee
Utilities
Telephone
Insurance
Contact-less banking charges
Cleaners wages (note 7)
Cleaning materials		 Unrestricted
Fund
£
24,482
420
505
755
3,101
-
1,500
10,768
1,380
672
396
7,374
1,049
52,402
______		 Restricted
Fund
£
-

-
-
-
-
-
-
-
-
-
-
-
-
_____
-
_____
 Total
2024
£
24,482
420
505
755
3,101
-
1,500
10,768
1,380
672
396
7,374
1,049
_
52,402
______		 Total
2023
£
21,649
420
380
190
2,719
-
1,500
8,994
746
657
245
6,557
1,364


45,421
______

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Henley-on-Thames Day Centre Management Committee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

7. Total Staff Costs
Managers
Cooks/Kitchen staff
Cleaners

Treasurer

Employers Pension Contribution
Employers National Insurance		 2024
£
24,482
11,555
7,374

3,101
46,512
505
-
47,017		 2023
£
21,649
9,997
6,557
_2,719
40,922
380
___ -
41,302

The average number of employees in the year was 5 (2022: 5). No employee received remuneration amounting to more than £60,000 in the year. No members of the Management Committee received any remuneration in the year, with the exception of Mrs S. Bishop, Treasurer for the period January – March and November - December 2024, who received £1,193, and Ms Teresa Edwards, Treasurer for the period April – October 2024, who received £1,908 (Total 2023: £2,719). No payments were made to Trustees (2022: Nil). As total payments were under £1,000 in the financial year no specific authority was required from the Charity Commission. No other members, except as above, received any expenses or payment in the year. The Henley Day Centre has taken out Trustees Indemnity Insurance. In March 2017 the Henley Day Centre auto-enrolled all eligible employees into the Government’s NEST pension scheme. Three employees are currently contributing to the scheme.

8. Fixed Asset Investments
Investments
Market value as at 1stJanuary
Investment
Disposal
Net gain on revaluation (see note below)
Market value as at 31 December 2023
Historical cost as at 31 December 2023
UK Listed investments at market value are represented by:
Investment trusts and funds
2024
£
413,779
-
-
8,713
422,492
128,366
422,492		 2023
£
383,625
-
-
-
30,154
413,779
128,366
413,779



Investments have been shown in this year’s accounts at carrying value (market value) in accordance with the current SORP. In the year the market value of investments increased by £8,713 (2023: increased by £30,154) due to market changes. All investment assets were held in the UK.

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9.Short Term Deposits
COIF Deposit Accounts
10. Debtors
Prepayments		 2024
£
57,516
2024
£
510		 2023
£
52,484
2023
£
1,773

Doc ID: c76e8951563efe544740b2e18f4107f709065d13

Henley-on-Thames Day Centre Management Committee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

11. Creditors – amounts falling due within one year
Trade creditors
Taxation & Social Security
Accruals and deferred income		 2024
£
2,137
255
5,342
7,734		 2023
£
2,960
220
15,326
18,506

12. Capital Commitments

There are no current capital commitments.

13. Purposes of Funds

a. Restricted Fund.

A.A. Davis Trust

This fund arose from a restricted donation from Mr A A Davis. The income from this fund can only be used for the benefit of the Members. The balance of the fund represents capital plus the increase or decrease of the fund. According to the terms of the Trust the capital must be maintained.

b. Unrestricted Funds

1. General Fund

This fund arises from incoming resources receivable or generated for the objects of the Charity without a specified purpose and are therefore available to the Committee for general expenditure.

2. Transport Fund Designated Funds

This fund arose from a grant from the Abbeyfield Society noting the then proposed project to provide transport for the elderly. When in April 2006 buses became free for individuals who are of retirement age the need to subsidise the local transport stopped. The Management agreed to preserve the fund for the time being in case the subsidy is removed.

3. General Bequest Fund

This fund arises from donations from members and deceased members. The fund is used to pay for major items of capital expenditure.

4. Members Sub-Committee Fund

This Fund is available to the Members’ Sub-Committee to be spent for the benefit of the membership in general.

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Henley-on-Thames Day Centre Management Committee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

13. Analysis of Net Assets between Funds

Investments
Short Term Deposits
Debtors
Cash at Bank & in Hand
Creditors
Balance of Funds
as at 31st December		 General
Fund
£
14,414
3,728
510
9,394
(7,734)

20,312


Transport
Fund
£
68,647
7,213
-
-
-

75,860


Transport
Fund
£
68,647
7,213
-
-
-

75,860		 Unrestricted
Designated
General
Bequest
Fund
£
-
32,583
-
-
-
32,583		 Unrestricted
Designated
General
Bequest
Fund
£
-
32,583
-
-
-
32,583		 Unrestricted
Designated
General
Bequest
Fund
£
-
32,583
-
-
-
32,583		 Members
Sub Committee
Fund
£
-
13,992
-
214
-

14,206
Total
Unrestricted
Fund
£
83,061
57,516
510
9,608
(7,734)
_
142,962		 Restricted
AA Davis
Bequest
Fund
£
339,431
-
-
7,781

-
347,211		 Restricted
AA Davis
Bequest
Fund
£
339,431
-
-
7,781

-
347,211		 Total
2024
£
422,492
57,516
510
17,389
(7,734)


490,173		 Total
2023
£
413,779
52,484
1,773
34,776
(18,506)
_
484,306






The individual columns represent the position for each fund.

15

Doc ID: c76e8951563efe544740b2e18f4107f709065d13

Henley-on-Thames Day Centre Management Committee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

14. Movement of Funds
At
1st January
2024
Unrestricted Funds
General Fund
24,769
Transport Fund
72,143
General Bequest Fund
30,995
Members Sub-Committee Fund
13,524

Total Unrestricted Funds
141,431

Restricted Funds
AA Davis Bequest Fund
342,875

Total Restricted Funds
342,875

Total Funds
484,306
 Transfers
At

between
Investment 31st December
Income
Funds Expenditure
Gains
2024
61,977
13,000
(79,751)
319
20,314
2,200
-
- 1,516
75,859
1,588
-
-
-
32,583
682
-
-
-
14,206


66,447
13,000
(79,751) 1,835
142,962


10,459 (13,000)
-
6,877
347,211

10,459
(13,000)
-
6,877 347,211


76,906
-
(79,751)
8,712
490,173

Transfers between funds

There were transfers between funds of £13,000 (2023: £20,000) . The £13,000 from the AA David Bequest Fund was to support running costs.

16

Doc ID: c76e8951563efe544740b2e18f4107f709065d13