**Company Registration Number: 07345800 Charity Registration Number: 271400** **DAVENTRY DISTRICT WELFARE FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED** **31[ST] AUGUST 2023** ## **DAVENTRY DISTRICT WELFARE FOUNDATION (A Company Limited by Guarantee)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 AUGUST 2023** |**INDEX**|**Page**| |---|---| |Legal and Administrative Information|1 - 2| |Report of the Directors|3 - 5| |Independent Examiner’s Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Accounting Policies|9 - 10| |Notes to the Accounts|11 - 12| ## **DAVENTRY DISTRICT WELFARE FOUNDATION Page 1 (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2023** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Charity Registered Number:**|271400| |---|---| |**Company Registered Number:**|07345800| |**Governing Document:**|Memorandum and Articles of Association| |**Registered Office:**|Daventry District Welfare Foundation| ||Old Methodist Hall| ||13 New Street| ||Daventry| ||Northamptonshire NN11 4BT| |**Trustees:**|Chair – Peter Allison| ||Vice Chair - Terry Tatham| ||Karen Whitcomb - Treasurer| ||Carella Davies - Secretary| ||Nicola Toms| ||Janet Cooper| ||Pamela Giles| |**Bankers:**|CAF Bank,| ||25 Kings Hill Avenue,| ||Kings Hill,| ||West Malling,| ||Kent ME19 4JQ| |**Independent Examiner:**|Lorraine Scullion MAAT| ||17 Peregrine Place| ||East Hunsbury| ||Northampton NN4 0SL| **DAVENTRY DISTRICT WELFARE FOUNDATION Page 2 (A Company Limited by Guarantee)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 AUGUST 2023** ## **Governance & Management** The Trustees of the charitable company under the Companies Act 2006 and Charities Act 2011 present their report and examined accounts for the year ended 31 August 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) (102) ‘Accounting and Reporting by Charities’ effective January 2019 in preparing the report and financial statements of the charitable company. The company is organised so that the Management Committee meet regularly to manage its affairs. Daventry District Welfare Foundation (DDWF) was incorporated as a Company on 13 August 2010 DDWF is governed by the Articles of Association adopted in October 2010 Trustees are appointed from representatives from our member/user groups, and via open recruitment through the Daventry Volunteer Centre. We have an introduction process for new Trustees to attend meetings and gain understanding of the role before joining as a Trustee. DDWF Organisational structure Chair Vice Chair Treasurer Trustees (User Group representatives) Trustees (Independents) The Trustees have a duty to identify and review the risks to which the company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error ## **Objectives and Activities** To manage and maintain the DDWF building for the benefit of the inhabitants of Daventry and surrounding areas, and in particular for the relief of poverty, distress and sickness, the protection of health and the advancement of the education of the public in matters relating to mental, physical and social welfare. The building is held on a long lease from Daventry District Council. To promote any charitable purpose for the benefit of the inhabitants of Daventry and to promote and organise co-operation in the achievement of that purpose. **DAVENTRY DISTRICT WELFARE FOUNDATION Page 3 (A Company Limited by Guarantee)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 AUGUST 2023** ## **Public benefit statement** The DDWF building is a community building in the centre of Daventry, leased from Daventry District Council on a long lease, and used by a number of community groups representing vulnerable people e.g. elderly/ disabled/ mental health/ hard to reach groups in order to carry out their activities. ## **Achievements and Performance** The hall is rented on a regular basis by New Street Centre Café (elderly peoples’ drop-in café and Community lunches), Tuesday Over 60’s Dance and Social Group, Whist Drive Group, Daventry Volunteer Centre projects, Slimming World, Meditation group and the Daventry Social Group (Young People’s Mental Health). Local VCSE groups use the building on an ad hoc basis for meetings and to host events as it is central to the town, located adjacent to the bus station, has accessible car parking available, and has a large well-equipped kitchen. General repairs, cleaning, decorating and general maintenance are managed by the Daventry Volunteer Centre and overseen by the Board. Internal decoration of the lobby, kitchen area and upstairs office has been carried out during the last year. The flat roof over the kitchen area needed to be replaced this year, and a number of plumbing and boiler repairs have been carried out. Re-decoration of the main Hall and the lobby, stairs and landing areas have all been carried out. This has been a significant cost for DDWF, and this together with the increased cost of utility bills has meant that we have incurred a loss of income this year. ## **Financial Review** During the financial year September 2022 to August 2023, expenses incurred were £30,807 against a total income received of £26,902 giving a deficit for the year of £3,905 The current reserve policy is to maintain sufficient cash flow for known commitments. The Trustees have examined the major business and operational risks which the company faces and confirm that systems exist so that necessary steps can be taken to lessen these risks and provide reasonable assurance against the risk of error and fraud. ## **DAVENTRY DISTRICT WELFARE FOUNDATION Page 4 (A Company Limited by Guarantee)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 AUGUST 2023** ## **Future Plans** The Trustees will continue to advertise hire of the building (now called the “New Street Centre”, to fill any remaining available sessions in order to maximise revenue. The rent/hire charges will be reviewed annually. The Trustees are looking to continue with the improvements to the DDWF Hall facilities in the coming year and ensure future sustainability. The Trustees are working in partnership with Daventry Volunteer Centre in order to share resources, maximise use of existing resources, and access new funding sources to help develop the New Street Centre services promoting well-being for local people. ## **Trustees’ responsibilities in relation to the financial statements** The Trustees are required by company law to prepare financial statements for each financial year, which gives a true and fair view of the financial activities of the company and of its financial position at the end of the period. In preparing those financial statements the directors are required to:- - select suitable accounting policies and apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation; - make themselves aware of any information relevant to the audit, establish that the company’s auditors are aware of that information and that as far as the Trustees are aware, there is no information relevant to the audit of which the company’s auditors are aware. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company, hence taking reasonable steps for the prevention and detection of fraud and other irregularities **DAVENTRY DISTRICT WELFARE FOUNDATION Page 5 (A Company Limited by Guarantee)** **ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2023** ## **Approval** **This report was approved by the Board of Trustees on 21[st] February 2024 and signed on their behalf.** **______________________ Peter Allison Chair** Company R•glstr4tlon Numb•r. 07345800 Charlty Reglstratlon Numb•r. 271400 DAVENTRY DISTRICT WELFARE FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023 DAVENTRY DISTRICT WELFARE FOUNDATION (A Company Llmltad by Guarante•) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 INDEX Page Legal and Administrative Infomation Report of the Directors Independent Examiner's Report ststement of Financial Activities Balance Sheet A¢counts'ng Policies 9-10 Notes to the Accounts DAVENTRY DISTRICT WELFARE FOUNDATION IA Company Lbmited by Guarantee ANNUAL REPORT AND FINANCIAL STATEMENTS Paga 1 FOR THE YEAR ENDED 31 AUGUST 2023 LEGAL AND ADMINISTRATIVE INFORMATION Charfty Reglsterod Numbèr: 271400 Company Règlstèrgd Number: 07345800 Governlng Document: Memorandum and Articles of Association Reglstered Offlco: Daventy District Welfare Foundation Old Methodist Hall 13 New Street Daventry Northamptonshire NN114BT Trustees: Chair- Peter Allison VI￿ Chair- Terry Tatham Karen Whitcomb - Treasurer Carella Davies - Secretary Nicola Toms Janet Cooper Pamela Giles Bankar•: CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Indopond•nt Examlner: Lorraine Scullion MAAT 17 Peregrine Pla East Hunsbury Northampton NN4 OSL DAVENTRY DISTRICT WELFARE FOUNDATION (A Company Llmlted by Guaranteo) Page 2 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Governance & Management The Trustees of the charitable company under the Companies Act 2006 and Charitr'es Act 2011 present their report and examined accounts for the year ended 31 August 2023. The Trustees have adopted the provisions of the Stalement of Recommended Practice ISORPI {1021 'Accounting and Reporting by Charities. effective January 2019 in preparing the report and financial statements of the charrtable company The company is organised so that the Management Committee meet regularly to manage its affairs. Daventry District Welfare Foundatson (DDWFI was incorporated as a Company on 13 August 2010 DDWF is governed by the Articles of Association adopted in October 2010 Trustees are appointed from representabves from our memberluser groups, and via open recruitment through the Daventry Volunteer Centre. We have an introduction process for new Trustees to attend meetsngs and gain understanding of the role before joining as a Trustee. DDWF Organisational structure Chair Vice Chair Treasurer Trustees (User Group repres8ntstives) Trustees (Independents) The Trustees have a duty to identify and review the risks to which the company is exposed and to ensure appropriate controls are in place to proV￿e reasonable assurance against fraud and error Objectlves and Actlvltle8 To manage and maintain the DOWF building for the benefit of the Inhabitants of Daventry and surrounding areas. and in particular for the relief of povety, distress and sickness, the protection of health and the advancernent of the educats'on of the public in matters relab'ng to mental, physical and social welfare. The building is held on a long lease from Daventy District Council. To promote any charitable purpose for the benefit of the inhabltants of Daventy and to promote and organi88 c￿OperatiOn in th8 achievement of that purpose. DAVENTRY DISTRICT WELFARE FOUNDATION IA Company Llmltad by Guaranto0 Pago 3 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Publlc boneflt Statement The DDWF building is a community building in the centre of Daventry, leased from Davenlry District Council on a long lease. and used by a number of community groups representing vulnerable people e.g. elderlyl disabledl mental heallhl hard to rea¢h groups in order to carry out their activities. Achlevements and Porforniance The hall is rented on a regular basis by New Street Centre Café (elderly peoples, dropin café and Community lunches), Tuesday Over 60's Dance and Social Group, Whist Drive Group. Daventry Volunteer Centre projects, Slimming World, Meditation group and the Daventry Social Group (Young People's Mental Health). Local VCSE groups use the building on an ad hoc basis for meetings and lo host events as il is central lo the town, located adjacent to the bus station, has accessible car parking available, and has a large well-equipped kitchen. General repair8, cleaning. decorating and general maintènan¢e are managed by the Daventy Volunteer Centre and overseen by the Board, Internal decoration of the lobby, kltchen area and upstairs office has been carried out during the last year. The flat roof over the kitchen area needed to be replaced this year, and a number of plumbing and boiler repairs have been carried out Re-decoration of the main Hall and the lobby, stsirs and landing areas have all been Carried out. This has been a significant ¢08t for DDWF. and this together with the increased cost of utility bills has meant that we have incurred a loss of income thi5 year. Flnanclal Revlew During the financial year Sepiember 2022 to August 2023, expenses Incurred were £30,807 against a total income received of £26,902 giving a deficit for the year of £3,905 The current reserve policy is to maintain sufficient cash flow for known commitments. The Trustees have examined the major business and operational rfsks whlch the company fa¢es and confim that Systems exist so that n8ce88ary stops can be tak•n to lessen these risks and provide reasonable assurance against the risk of error and fraud. DAVENTRY DISTRICT WELFARE FOUNDATION (A Company Llmlted by Guaranlae) Pag• 4 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Future Plans The Truslees will continue to advertise hire of the building (now called the 'New Street Centre. to fill any remaining available sessions in order to maximise revenue. The rentlhire charges ¥MII be reviewed annually. The Trustees are looking to continue with the improvements to the DDWF Hall facilities in the coming year and ensure fvture sustainability. The Trustees are working in partnership with Daventry Volunteer Centre in order to share resources, maximise use of existing resour￿$, and access new funding sources to help develop the New Street Centre services promoting well-being for local people. Trustees, res onsibilities in relation to the financial statements The Trustees are required by company law lo prepare financial statements for each financial year. which gives a true and fair view of the financial activities of the company and of its financial posilion at the end of the period. In preparing those financial statements the directors are required to'.- select suitable accounling policies and apply them ca)nslstenlly; make judgements and estimates that are reasonable and prudent state whether the policies adople(l are in accordance v￿th the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disdosed and explained in the financial statements., prepare the financial statements on a going concem ba818 unless it is inappropriate to presume Ihat the company will conb'nue in operation; make themselves aware of any inforniation relevant to the audrt, establish that the company's auditors are aware of that information and that as far as the Twstees are awa￿, there is no Information relevant to the audit of vthich the company's auditors are aware. The Trustees are responsible for keeping proper accountiry records *thich di8dose with reasonable accuracy at any time the financial posib'on of the company and enable them to ensure that the financial statements I￿pIY with the Companies Act 2006. They are also responsible for safeguarding the assets of the company, henL¥ taking reasonable steps for the prevention and deteclion of fraud and other irregularities DAVENTRY DISTRICT WELFARE FOUNDATION (A Company Llmltod by Guarantse) Pago 5 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Approval Thls report was approvod by the Board of Trustees on 21•t February 2024 and slgnod on thelr behalf. Peter Allison Chalr Independent Examlnees Report to the Trustees of: DAVENTRY DISTRicf WELFARE FOUNDATION Re8lstered Charity Number: 2714 I report on the accounts of the Company for the year ended 31, Augijst 2023 which are set out on the attached pages 7 to 12 Pale 6 Respertive responslbilities of trustees and exarniner The trustees (who are also the directors of the compèny for the purposes of company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 and that an independent examination 15 needed. Having satisfied myself that the charitY15 not subject to on audit under company law and is eligible for independent examination, it is my responsibility to.. > Examine the accounls under section 145 of the 2011 Act.. > Follow the procedures laid down in the general Directions given by the Charity Commission lunder section 14515llbl of the 2011 Act. State whether particular matters have come to my attention. Basis of independent txaminerfs statement My examination wa5 carried out in accordance with general directions given by the Chaflty Commission. An examination includes a review of the accounting records kept by the chority and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures of the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evldence that would be required in an audit and consequently no opinion is given as to whether the accounts present "true and fair vsew- and the report is limited to those matters set out in the statement below. Independent Examinerfs Statement In connection with my examination, no matter has come to my attention.. l. Which gives me reasonable cause to believe that in any material respect, the ￿qUirements. To keep accounting records in accordance with section 386 of the Companies Act 2006: and To prepare accounts which accord with the atcounting records, comply with the accountin8 requirements of section 396 of the Companies Act 2CM)6 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reportln8 by Charities. 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. Lorraine Scullion MAAT 4 March 2024 Dav•ntry Dlstrfct W•lfaM Foundatlon (A thmpany ￿1￿lIed8Y GuArnnt88) P•9• 7 8TATEMENT OF FINANCIAL ACTMTIE8 FOR THE YEAR ENDEO 31•t AUGUST 2023 Not•• UThr••trkt•d RMtd¢tsd 2023 202) Tot•1 Unrnstrlctsd R••trlct•d 2023 2022 2022 I￿orn• •nd •nd1)￿n￿ from.. DOr￿￿On9 and legaaes Charftabl• athNI68 Invè•trMnts Other Totsl Incom• •fNI •ndowm•nt• 26.493 409 28.493 409 24,880 43 28,902 28.902 24.723 Exp•ndltuv• on: R•lsin9 fund$ Charita￿* Activit5 Oth•r Totsl Exp•ndlturn Tf•n•fer betsyeen fvnd$ N•t mov•m•nt In funds 30,807 30,807 40.417 30,807 30.807 40,417 13,9051 13,9051 115.6941 Tot•1 ￿n￿O brought forward Totsl fund• ￿1￿•￿ forw•rd 52.410 48,505 52.410 48.$05 68,104 52hl0 Alcllh• acllvll&i ollhg d•8s•d •* Ct*lhu￿0. •rn rt) r•cf¥nis•d g•ins orknse50th8r thon Ihw incAt¢Y•¢ fft lh• Slot•mwtolFnMci81 Dav•nty Dlstrlct Wolfar• Foundallon (A Company Limrted 8y Gukr8nl6eJ 8TATEME14T OF FINANCIAL POSITION AT 31•t AUGU8T 20223 Comp•n Numb•r: 07345800 Unr••trlct•d R••trfet•d Totsl Tot•1 2023 2023 2023 2022 Not•• A88ETS: Currnnt A￿•1• 7.822 38,350 3,000 48,972 7.822 38.350 3,000 48.972 3,615 48,280 3.000 52.895 Ca•h at Bank Sa¥ln9• Bond Cr•dltor• Amtyjnts fAlllng du• wrthin on• year 14871 14671 14871 14871 14851 14851 Il•t Curr•nt A•••ts 48.505 48,505 52.410 NET A88ETS 48,606 48,S06 62,410 The chafil•bl• rxJmp•ny 1$ •ntiY•d to •￿MPtIon from audit under S•ction 477 ofthe Compani•$ A 2008 for tM ￿*r •nd•d 31 st Augull 2023 Th• meml)•r• hav• not r•qulr•d th• L*arkabl• company to obtaln an of It• ffin*nd•l •t•t•ments lor lh• y￿r •nded 318t Augu$t 2023 In accordan￿ wllh Section 478 of lh• Ctynwnh• Act 2008. Th• lJust••i acknovA8dg• Ih•lT r￿ponsIbl￿tiO1 lor (•) en8uring Ihat th• tharitable company k••p8 accounting record$ that Comply wlth S•¢Ooni 386 •NI 387 01 th• Companiè¥ Act 2006 and Ibl prepafing financial statements whtc41 glve a tru• ar#J tsir ¥i•w of th• stat• of off41rn Of th• th•rftabl• company •$ •t the end of •a¢l) finar￿aTr y•ar and of it8 8urplu8 or daficit ft>r each fiMnd•l yMr In •ccordan¢• with tho r8qulr*rnenl8 of S•clion$ 394 and 395 and whi** olheFwi88 compty v*ith th• c•quSroment8 of lh• Componie8 Act2006 r?lJting to finaneA#l $tslements. so far •? 4ppllcabh to th• charttabl• comp•ny. Th8￿ fin•tK4•1 ¥tatemonts h•v• ben pr•par•d In •C¢Ordan￿ wHh Ihè Spedal pro¥l•lon• ol rt 15 of lh• Compani•8 A¢t 2006 relating lo tharitable 8mo11 cornpanies. Th• fin•nc4•1 •t*t•m•nts w•rè approv•d by tho BoAfd of Tru8tee8 on 2111 February 2024 4nd •vJne(l on thth'i behaw P•t•r ￿li10ft Olrethr Davontry Dlstrlcl W•lfar• Foundatlon (A CompanyLlmAtedBy Gu4rnn180) P4g• • PRINCIPAL ACCOUIITING POLICIES FOR THE YEAR ENDEO 31•t AUGUST 2023 The finanaal #tatèmenti h*v• b••n pr•parèd und•r th• hi8torical e08t conv•nbon and in •¢>)yd¥nce wlih ihe Statement of Recomm•nd•d Practi￿ ISORPI11021, A¢¢ourfng and R•po￿.n9 by ChAntie•' •ffective 181 January 2019, applica￿4 UK Accountlng St*nd•rd8 and the ChAriti'•$ A¢t 2011. The prfncipal aco)unUng polScl•• of IM ¢harity •r• Ml out b•lry•V. Forni•t Th• c¢m￿nY has tak•n •dvantag• oflh• provisio￿ ofth• Compan188 Act 20Cé and pr•8•nt•d an Ine4m• and •xpenditure •ccount in I￿ form of a St¥l•m•nl of Flnancsal A¢b'vitie3 on th• grounds th• financSal slalornents io Show a Irue and laif view of the resu+t lor the y•ar. Fund •¢¢ourttln9 G•n•r¥l lund$ #rtr unr•8tricted fvnd$ whl¢h •r• #v¥llablo for ubt •t the discretion of th• trubt••• In fvrthernnce of lh• general objecl'v•• of the non.profit making charrty vthich hav* not b•trn d••lgnat•d for oth8r purp08•1. D•$*nol•d fiJnd• ¢ompfi8e unrtr*lrf¢l•d fund• that have been set a9id• by th• trnst••s for ￿￿CUlar purpo••i. The alm and uso of oach deoignated fund8 l• sat out In th• not¢$ lo th¥ fin4nd•l •t¥temenl•. Ra•trKted fund8 are fund8 which ar• lo ￿ y8•d in ¥ccordane with sperific festnth"on$ Impo$•d by th• donor8 orwhl¢h h¥ve botrn raised by tho charity lor parb'¢ular purpow•. In¢omlng R￿Q￿r¢0¥ Volunt4ry income and donatlonB are Includ•d In Incomlng r•8our¢t$ whon th•y •r• rte•lv and the amount can be quantified raa$on•bl• arxuracy. Gran13 are brought into •cKwnt on recdvable bas18 D•f•rra(I In¢om r•preJ•ntJ amoun¢8 re&ryiv•d lor futur• p8rlod$ and 1$ r•l•aMd to kKornlr r•00u￿$ In the period lor whlch it has beèn r•¢•iv•d R••ourc•• Exp•nd•d All •xpendllur• 18 aceount•d for on on ¥ccrual8 ba￿• And ha• b••n d•$$ifi•d und•r h••dlry that •ggTog•t• all co•1• r•l•t•d to the category. Exwndrture 18 staled indusibe of •dd•d l•x. T•nglbl• flx•d ••••t• and d•pr•cl•tlon D•pr•d•lkn li calculated to wrtt• down the cost ol all tangibl• fix•d a$s•t8 by In*alm•nt• o¥•r lh• •¥P•d•d uMfvI liv••. Int•nglbl• Incom• Int•ngibl• Incom• In th• fom of don•led IAcAlits•b and voluntary help ¢tc. is not Indud•d In th• fin•nd•l thm•nts •lrK• It li not consld•r•d practicable to quants.fy Such Dav•ntry Dl•trlct W•llaro Foundatlon (A Company Linhtgd By Gu&ranlg9) g•10 NOTE3 TO THE ACCOUNT8 The trvstees have oxaminod the charW$ rnqulr•m8nts for r•Mrv•• in the Ilght of th• m•ln fl￿• to th• I￿ganiSat￿n. Th• tru8t••8 alm to malntaln 8ulfi¢l*nl ￿$hI11￿ for know commltm8nts and the r•plac*m*nl ol c*rt8ln •$$etJ. In •ddibtsn the iw8tees aim to malntsln 8uffiuenl finantyal r•Mrve• tr) ?nJure g)8is fvr fvture malntenance and repalr to DDVVF building •re covered. Th• Dirxtsthrd of Trustees do not belleve Ihe OTgan188tSon18 8ubJ'8ct to gny •ub•tantial ri•k beyond ihose disdoged in the Annual R•port and Accounts. The oryJanlsalon has ern￿0￿1 and pu￿1¢ Ikbllty InwrarK• to Protect il In Ihe case of a dalm. Dav•ntry Di•trl¢t W•lf•r• Foundallon (A Comp8ny Limit8d By Guar8nta8) P•g•11 NOTE8 TO THE ACCOUNT8 Unrn•trlct•d 2023 R••trfct•d 2023 Total 2023 Total 2022 Ntst• I Charltsbl• Actlvttl•• Room Hlre Other Inojmtr D8v•ntry Town Cout)Gil West NorthamptonJhir& Countyl 24,993 24,993 21.013 1,500 26.493 1,500 21,493 2,607 24,680 Not• 2 CharItsb￿ Aetlvltlo1 Equipment Olher Expenditure Pr•ml••8 Co•ts Cl8anin9 Insurance Ublthes Water Rat8s Rat¢$ Repairs & Rer￿MIS Telephones Management Ft• Govgmance Costs Independent Examinats'on 487 73 487 73 214 203 3.718 349 2.884 3,397 292 16,697 361 12,012 401 3.151 1.0 401 3,151 1.056 83 9.739 591 12,012 83 9,739 591 12,012 270 30.807 270 30,107 4QA17 There are no ernployees at present During the year the trustees receiveil £nil12022..£nill rtrrnuneration . The total 8xpendilur¥ reimbursed tts the tNslee¥ amounted to £nil (2o22'.£n￿) Unrostrlcted RMtrkt•d fo 2023 2023 2023 Tol•l 2022 N¢t• 3 D•btorn Sundry Debtofs Pre-Paid Debtors 5,264 2.358 7,622 1.389 2.248 3.816 2,358 7.622 Plo1• 4 Cr•dlto Amountg falling du• in on• y•ar. AI>yu8ls 1471 14201 14871 (47) 4201 {4671 P151 P701 (4861 Daventry Dlatrlct Welfare Foundltlon (A Comp8ny ts'mitod By Guarnnte&J Py12 NOTES TO THE ACCOUNTS Nots S Ulllm*t• Controlllw P•rty Th• Com￿nY is under Iho uttimat• control of it• diTector8. and vtho•• nam•• or• ¥h¢Mn at the front of th• ffin•ncio181at•m•th. Ilot• 6 R•l•t•d P•rty TrnM*ctlon• Rdated paty transath"on$ #re any paym¥nts to Dav8111ry Volunt•er Cantre IOVCI lor tr car•tsking ¥nd general m8nagernent of the DDWF building tolalling £12.012. Carella Davi•• 1$ 8 ttyJard member ol DDWF and an •mploy•è of DVC. This service is being providèfl at a very reasonabl• rat• and If DVC not managing the centre DDWF vnukl n•¢d to emph)y a Part-￿M* m¥n¥ger al con¥thrable cost. **Company Registration Number: 07345800 Charity Registration Number: 271400** **DAVENTRY DISTRICT WELFARE FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED** **31[ST] AUGUST 2023** ## **DAVENTRY DISTRICT WELFARE FOUNDATION (A Company Limited by Guarantee)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 AUGUST 2023** |**INDEX**|**Page**| |---|---| |Legal and Administrative Information|1 - 2| |Report of the Directors|3 - 5| |Independent Examiner’s Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Accounting Policies|9 - 10| |Notes to the Accounts|11 - 12| ## **DAVENTRY DISTRICT WELFARE FOUNDATION Page 1 (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2023** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Charity Registered Number:**|271400| |---|---| |**Company Registered Number:**|07345800| |**Governing Document:**|Memorandum and Articles of Association| |**Registered Office:**|Daventry District Welfare Foundation| ||Old Methodist Hall| ||13 New Street| ||Daventry| ||Northamptonshire NN11 4BT| |**Trustees:**|Chair – Peter Allison| ||Vice Chair - Terry Tatham| ||Karen Whitcomb - Treasurer| ||Carella Davies - Secretary| ||Nicola Toms| ||Janet Cooper| ||Pamela Giles| |**Bankers:**|CAF Bank,| ||25 Kings Hill Avenue,| ||Kings Hill,| ||West Malling,| ||Kent ME19 4JQ| |**Independent Examiner:**|Lorraine Scullion MAAT| ||17 Peregrine Place| ||East Hunsbury| ||Northampton NN4 0SL| **DAVENTRY DISTRICT WELFARE FOUNDATION Page 2 (A Company Limited by Guarantee)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 AUGUST 2023** ## **Governance & Management** The Trustees of the charitable company under the Companies Act 2006 and Charities Act 2011 present their report and examined accounts for the year ended 31 August 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) (102) ‘Accounting and Reporting by Charities’ effective January 2019 in preparing the report and financial statements of the charitable company. The company is organised so that the Management Committee meet regularly to manage its affairs. Daventry District Welfare Foundation (DDWF) was incorporated as a Company on 13 August 2010 DDWF is governed by the Articles of Association adopted in October 2010 Trustees are appointed from representatives from our member/user groups, and via open recruitment through the Daventry Volunteer Centre. We have an introduction process for new Trustees to attend meetings and gain understanding of the role before joining as a Trustee. DDWF Organisational structure Chair Vice Chair Treasurer Trustees (User Group representatives) Trustees (Independents) The Trustees have a duty to identify and review the risks to which the company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error ## **Objectives and Activities** To manage and maintain the DDWF building for the benefit of the inhabitants of Daventry and surrounding areas, and in particular for the relief of poverty, distress and sickness, the protection of health and the advancement of the education of the public in matters relating to mental, physical and social welfare. The building is held on a long lease from Daventry District Council. To promote any charitable purpose for the benefit of the inhabitants of Daventry and to promote and organise co-operation in the achievement of that purpose. **DAVENTRY DISTRICT WELFARE FOUNDATION Page 3 (A Company Limited by Guarantee)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 AUGUST 2023** ## **Public benefit statement** The DDWF building is a community building in the centre of Daventry, leased from Daventry District Council on a long lease, and used by a number of community groups representing vulnerable people e.g. elderly/ disabled/ mental health/ hard to reach groups in order to carry out their activities. ## **Achievements and Performance** The hall is rented on a regular basis by New Street Centre Café (elderly peoples’ drop-in café and Community lunches), Tuesday Over 60’s Dance and Social Group, Whist Drive Group, Daventry Volunteer Centre projects, Slimming World, Meditation group and the Daventry Social Group (Young People’s Mental Health). Local VCSE groups use the building on an ad hoc basis for meetings and to host events as it is central to the town, located adjacent to the bus station, has accessible car parking available, and has a large well-equipped kitchen. General repairs, cleaning, decorating and general maintenance are managed by the Daventry Volunteer Centre and overseen by the Board. Internal decoration of the lobby, kitchen area and upstairs office has been carried out during the last year. The flat roof over the kitchen area needed to be replaced this year, and a number of plumbing and boiler repairs have been carried out. Re-decoration of the main Hall and the lobby, stairs and landing areas have all been carried out. This has been a significant cost for DDWF, and this together with the increased cost of utility bills has meant that we have incurred a loss of income this year. ## **Financial Review** During the financial year September 2022 to August 2023, expenses incurred were £30,807 against a total income received of £26,902 giving a deficit for the year of £3,905 The current reserve policy is to maintain sufficient cash flow for known commitments. The Trustees have examined the major business and operational risks which the company faces and confirm that systems exist so that necessary steps can be taken to lessen these risks and provide reasonable assurance against the risk of error and fraud. ## **DAVENTRY DISTRICT WELFARE FOUNDATION Page 4 (A Company Limited by Guarantee)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 AUGUST 2023** ## **Future Plans** The Trustees will continue to advertise hire of the building (now called the “New Street Centre”, to fill any remaining available sessions in order to maximise revenue. The rent/hire charges will be reviewed annually. The Trustees are looking to continue with the improvements to the DDWF Hall facilities in the coming year and ensure future sustainability. The Trustees are working in partnership with Daventry Volunteer Centre in order to share resources, maximise use of existing resources, and access new funding sources to help develop the New Street Centre services promoting well-being for local people. ## **Trustees’ responsibilities in relation to the financial statements** The Trustees are required by company law to prepare financial statements for each financial year, which gives a true and fair view of the financial activities of the company and of its financial position at the end of the period. In preparing those financial statements the directors are required to:- - select suitable accounting policies and apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation; - make themselves aware of any information relevant to the audit, establish that the company’s auditors are aware of that information and that as far as the Trustees are aware, there is no information relevant to the audit of which the company’s auditors are aware. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company, hence taking reasonable steps for the prevention and detection of fraud and other irregularities **DAVENTRY DISTRICT WELFARE FOUNDATION Page 5 (A Company Limited by Guarantee)** **ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2023** ## **Approval** **This report was approved by the Board of Trustees on 21[st] February 2024 and signed on their behalf.** **______________________ Peter Allison Chair**