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2024-03-31-accounts

Charity registration number: 280552

Halstead Day Centre

Annual Report and Financial Statements for the Year Ended 31 March 2024

Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Halstead Day Centre

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 5
Statement of Trustees' Responsibilities 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 18

Halstead Day Centre

Reference and Administrative Details

Patron The Lady Patricia Newton of Braintree Chairman Mrs D E Lodge M.B.E. JP Trustees Mrs D E Lodge M.B.E. JP Cllr J A Pell Dr A J F Symington MA, MB, Bchir, FRC, GP Mrs H W Catley Mr A L East, FCLEX, TEP

Senior Management / Leadership Mrs D E Lodge M.B.E. JP, Chairman Team Cllr J A Pell, Trustee

Dr A J F Symington MA, MB, Bchir, FRC, GP, Trustee and Medical Services Representative

Mrs H W Catley, Trustee

Mrs V Harman, Chief Executive Officer and Centre Manager Mr P Amos, Administrator Mrs F Fearn, Care Co-ordinator

Day Centre Committee Mrs V Harman, Centre Manager
Mrs F Fearn, Care Co-ordinator
Mr P Amos, Administrator
Mrs T Jones, Members Representative
Principal Office 40 Bridge Street
Halstead
Essex
CO9 1HT
Charity Registration Number 280552
Bankers CAF Bank
25 Kings Hill Avenue
West Malling
Kent
ME19 4JQ
Financial Advisers Oakfield Financial Services
Oakfield House, 11 Century Drive
Braintree
Essex CM77 8YG
Independent Examiner Lisa Greenwood FCCA
Lambert Chapman LLP
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Page 1

Halstead Day Centre

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024.

Objectives and activities

Objects and aims

Objectives of the Centre

The purpose of the Centre is to provide, in a caring environment, stimulation and support to enable older people who are isolated, to remain living in their own homes for as long as possible.

Membership

The membership is limited to 20 each day. Whilst the premises could accommodate more people, due to the number of people attending who use wheelchairs or walking frames, the average number of people accommodated without congestion is 16. Referrals for membership are made by social workers, medical practitioners, other welfare bodies and individuals.

The Centre Activities and Services

The Centre commenced its operations in 1978 on one day a week in borrowed premises and with loaned transport facilities. Until November 2018, the Centre opened on five days a week. At that time, due to an unusually high number of deaths amongst members, or them going into full time care, the Trustees considered it uneconomical to open for five days a week. Having obtained the agreement of all staff members to reduce their hours accordingly, the decision was therefore taken to reduce the opening times, initially to four days a week and thereafter as necessary, until such time as additional members could be obtained. The Centre is actively recruiting new members with the intention of increasing to five days a week again.

The Centre has its own premises which were acquired in 1998 and converted for use by the Centre with the assistance of a grant from the National Lottery Charities Board. The main recreation area on the ground floor has been fitted with a hearing loop system. The Centre also owns two tail-lift ambulances used for transporting members to and from the Centre as necessary and taking them out on trips and visits. Services provided by the Centre include an escorted shopping service available when required. This is appreciated by the members who would otherwise need to rely upon someone else to do their shopping for them. The ability to select their own items gives a sense of independence and well-being as it allows them to make their own choices.

The Centre has a bathroom containing a Parker Bath, which is available for members to use should they so wish.This has the added advantage of staff being on hand to assist them, and also to able to monitor any changes in the well-being of a member. The Centre also has a shower room for those who would prefer to use this facility.

A chiropodist is available to visit the Centre on a regular basis if required. Members pay the Service Provider but the fees are at a discounted rate. The Centre also provides transport for members should they have local appointments on a day when they are at the Centre, such as being due to visit a doctor. There are several recreational activities including pool, darts and short mat bowls available in a large recreation area on the first floor which is accessible by either a staircase or a lift.

The Centre owns a purpose-built hut in Brightlingsea and, weather permitting, all members are offered at least two trips to this during the summer. Use of the hut is also made available to other organisations working with older people.

Page 2

Halstead Day Centre

Trustees' Report (continued)

Objectives, strategies and activities

Throughout the year, the difficulties in attracting sufficient member numbers – which were exacerbated by the pandemic – continued to work to the detriment of the Day Centre. Although we remained open throughout the year, the numbers attending did not consistently reach the levels that we needed to remain financially stable, with several potential members either unable to attend regularly or feeling that they did not want to.

As a result our reduction in opening days to three per week, which was introduced in Autumn 2021 on a temporary basis, continued throughout the year, although it has been under constant review. We continue to make every effort via our considerable local profile to attract and retain new members from anywhere in our local area, with a view to increasing our opening hours to their previous levels.

Throughout the year, the Centre continued to make provision of Day Facilities to the older people of Halstead and surrounding villages, and continued to deliver a high standard of service to our members.

We benefited greatly from grants and donations from Charitable Trusts and local Masonic Lodges, and Halstead Rotarians created a global giving fundraising page for the Day Centre and a substantial amount of money was raised. Our main aims are still the same as they have always been, that is to provide a service that reduces isolation and loneliness and enables older people to connect with other people of the same generation, and to provide adequate support to lead a supported life in their own homes if they wish.

Our ambulances have been maintained to a high standard to ensure the comfort and safety of our members, which is paramount. Staff training is ongoing, meeting above the statutory requirements. The annual Plant Sale once again took place, many thanks to Mrs Lodge who once again provided and helped to sell the plants. All the members enjoyed celebrating their Christmas with us during Christmas week. We still made available trips to our Beach Hut in Brightlingsea for anyone who felt able to make the journey.

With the Centre continuing to occupy a prominent standing in the local community, we remain hopeful that our member numbers will increase in the future.

Public benefit

The Charity has, during the year, run a Day Centre within the Halstead area.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Financial review

Policy on reserves

The Trustees have set an objective of cash reserves as at the end of each financial year, which would cover at least six months costs of running the Centre. Given the reduction in statutory funding available to charities, the Trustees consider that this level of reserves would be prudent. The total funds of the charity at the balance sheet date was £28,173 with £20,095 relating to restricted funds. Taking into account the unrestricted fixed assets held, this leaves £7,139 (2023: £6,126) as the available funds of the charity. The Trustees are mindful of the charity's reserves and are seeking to obtain further funding of an unrestricted nature.

Page 3

Halstead Day Centre

Trustees' Report (continued)

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Mrs D E Lodge M.B.E. JP Cllr J A Pell Dr A J F Symington MA, MB, Bchir, FRC, GP Mr T N Wright FP (resigned 22 January 2024) Mrs H W Catley Mr A L East, FCLEX, TEP (appointed 19 August 2024)

Structure, governance and management

Nature of governing document

The Centre is managed and run in accordance with its constitution which has been lodged with the Charity Commission.

Recruitment and appointment of trustees

Where it is considered desirable to appoint an additional Trustee, volunteers are sought from within the local community. The CV of any person volunteering is reviewed to ascertain if their appointment will bring additional skills to the Board of Trustees and the potential Trustee is provided with financial and operational information regarding the Centre. They are interviewed by at least two existing Trustees.

Induction and training of trustees

Any person appointed is given opportunities to see the Centre in operation and is encouraged to refer to the Charity Commission website to ensure that they fully understand the role of a Trustee prior to accepting the appointment.

The Centre maintains Directors and Officers Insurance for the benefit of Trustees.

Organisational structure

The Trustees are responsible for the overall direction of the Centre and the employment of staff. The day to day management of the Centre is the responsibility of the Centre Manager with the support and guidance of the Management Committee. The Day Centre Committee provides a forum for all those concerned with the Centre, whether as volunteer helpers, drivers or members, to discuss matters of day to day importance to them.

Page 4

Halstead Day Centre

Trustees' Report (continued)

Employee involvement

As at 31 March 2024, the Centre employed 7 part-time staff. It has had the ability to call on one person who was prepared to work part-time as and when required to cover holiday absences, etc. The Manager is qualified to NVQ Level 5 in Health and Social Care and holds a Diploma in Business Studies and Administration, The Care Co-Ordinator is qualified to Level 3 and holds a Diploma in Customer Service. All Care Staff are qualified to Level 2 or higher. Drivers are MIDAS trained. The Manager and all Care Staff are qualified in First Aid and Moving and Handling and have received training in dementia awareness. The Manager and two staff members hold Health and Safety qualifications.

Details of employment costs are shown in note 10.

The Centre has 7 volunteers, who work for varying days and periods of time and whose contribution is so important to the smooth running of the Centre. Volunteers are offered training and encouraged to obtain qualifications appropriate to the tasks which they carry out.

All staff and volunteers are subject to clearance by the DBS Scheme as recommended in respect of those working with vulnerable older people.

The annual report was approved by the trustees of the charity on 13 January 2025 and signed on its behalf by:

......................................... Mrs D E Lodge M.B.E. JP Chairman and trustee

Page 5

Halstead Day Centre

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities 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 these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that 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 Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees of the charity on 13 January 2025 and signed on its behalf by:

......................................... Mrs D E Lodge M.B.E. JP Chairman and Trustee

Page 6

Halstead Day Centre

Independent Examiner's Report to the trustees of Halstead Day Centre

I report to the trustees on my examination of the accounts of Halstead Day Centre for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of Halstead Day Centre you 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 Halstead Day Centre's accounts carried out under section 145 of the 2011 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 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 Halstead Day Centre 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 accounting 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.

...................................... Lisa Greenwood FCCA

Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

13 January 2025

Page 7

Halstead Day Centre

Statement of Financial Activities for the Year Ended 31 March 2024

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investment income
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
funds
£
22,714
48,619
208
303
852
72,696
(71,752)
(71,752)
944
944
7,134
8,078		 Restricted
funds
£
33,468
-
-
-
-
33,468
(49,177)
(49,177)
(15,709)
(15,709)
35,804
20,095		 Total
2024
£
56,182
48,619
208
303
852
106,164
(120,929)
(120,929)
(14,765)
(14,765)
42,938
28,173		 Total
2023
£
63,161
47,690
432
74
1,002
112,359
(129,561)
(129,561)
(17,202)
(17,202)
60,140
42,938

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 16.

The notes on pages 10 to 18 form an integral part of these financial statements. Page 8

Halstead Day Centre

(Registration number: 280552) Balance Sheet as at 31 March 2024

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: Amounts falling due within one year
15
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
16
Unrestricted income funds
Unrestricted funds
Total funds
16		 2024
£
15,939
778
15,236
16,014
(3,780)
12,234
28,173
20,095
8,078
28,173		 2023
£
20,356
1,368
24,421
25,789
(3,207)
22,582
42,938
35,804
7,134
42,938

The financial statements on pages 8 to 18 were approved by the trustees, and authorised for issue on

13 January 2025 and signed on their behalf by:

......................................... Mrs D E Lodge M.B.E. JP Chairman and trustee

The notes on pages 10 to 18 form an integral part of these financial statements. Page 9

Halstead Day Centre

Notes to the Financial Statements for the Year Ended 31 March 2024

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Halstead Day Centre meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Judgements

Apart from those judgements involving estimations, the management team have not made any judgements in the process of applying the entity’s accounting policies that have significant effect on the amounts recognised in the accounts.

Key sources of estimation uncertainty

There are no key assumptions concerning the future or other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Other trading activities

Income from fundraising activities is recognised when it is received by the charity.

Investment income

Investment income includes interest received in the charity bank accounts and is recognised on a received basis.

Charitable activities

Income from charitable activities includes the income derived from the Charity's main activities, including income from subscriptions and members lunches, and is recognised when receivable.

The notes on pages 10 to 18 form an integral part of these financial statements. Page 10

Halstead Day Centre

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

Other income

Other income refers to the sales of good such as walking frames, shopping trollies and books.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

These costs represent those that are directly attributable to the achievement of the Charity's objectives. They include the employment costs of care staff, the costs of running ambulances, premises costs and other costs associated with the running of the Centre for the benefit of members.

Support costs

Support costs include those administration costs that assist the work of the Charity but do not directly represent charitable activities. They include administrative costs, including employment costs, office costs and publicity. They are incurred directly in support of expenditure on the objects of the Charity.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements.

Tangible fixed assets

Individual fixed assets costing £100.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Freehold Buildings 25 years
Land no depreciation charged
Ambulances 5 years
Beach Hut 5 years
Furniture and Equipment 5 years

Trade debtors

Debtors relate to prepayments recognised in the year.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and amounts held in the bank account.

The notes on pages 10 to 18 form an integral part of these financial statements. Page 11

Halstead Day Centre

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

2 Income from donations and legacies

Grants, including capital grants;
Grants and donations
3
Income from charitable activities
Members subscriptions
Members lunches
4
Income from other trading activities
Events income;
Other events income		 Unrestricted
funds
General
£
22,714
22,714
Unrestricted
funds
General
£
41,756
6,863
48,619
Unrestricted
funds
General
£
208
208		 Restricted
funds
£
33,468
33,468
Restricted
funds
£
-
-
-
Restricted
funds
£
-
-		 Total
2024
£
56,182
56,182
Total
2024
£
41,756
6,863
48,619
Total
2023
£
208
208		 Total
2023
£
63,161
63,161
Total
2023
£
43,517
4,173
47,690
Total
2023
£
432
432

The notes on pages 10 to 18 form an integral part of these financial statements. Page 12

Halstead Day Centre

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

5 Investment income

Interest receivable and similar income;
Interest receivable on bank deposits
6
Other income
Fuel rebate
Other income
7
Expenditure on charitable activities
Note
Ambulance running costs
Transport costs
Premises costs
Equipment repairs and
renewals
Lunches and refreshments
Depreciation of fixtures
and fittings
Depreciation of freehold
property
Depreciation of equipment
Beach hut costs
Salaries and employment
costs
Administration costs (incl.
admin wages)
Governance costs
8		 Unrestricted
funds
General
£
303
Unrestricted
funds
General
£
852
-
852
Unrestricted
funds
General
£
6,828
-
7,819
798
7,194
69
-
-
-
15,006
31,482
2,556
71,752		 Restricted
funds
£
-
Restricted
funds
£
-
-
-
Restricted
funds
£
-
-
3,000
-
-
278
4,070
-
3,119
37,760
950
-
49,177		 Total
2024
£
303
Total
2024
£
852
-
852
Total
2024
£
6,828
-
10,819
798
7,194
347
4,070
-
3,119
52,766
32,432
2,556
120,929		 Total
2023
£
74
Total
2023
£
817
185
1,002
Total
2023
£
6,450
120
9,899
956
4,265
145
15,350
46
833
56,136
33,363
1,998
129,561

The notes on pages 10 to 18 form an integral part of these financial statements. Page 13

Halstead Day Centre

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

8 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial
statements		 Unrestricted
funds
General
£
2,556
2,556		 Restricted
funds
£
-
-		 Total
2024
£
2,556
2,556		 Total
2023
£
1,998
1,998

9 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

10 Staff costs

The aggregate payroll costs were as follows:

Wages and salaries
Social security
Defined contribution pension costs		 2024
£
79,356
-
1,293
80,649		 2023
£
84,155
-
1,361
85,516

The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

Charitable activities
Management
Full time equivalents (FTE)
Charitable activities
Management		 2024
No
5
2
7
2024
3.86
1.20
5.06		 2023
No
5
2
7
2023
3.86
1.20
5.06

The notes on pages 10 to 18 form an integral part of these financial statements. Page 14

Halstead Day Centre

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

In addition to the paid employees, the Centre had 7 volunteers during the year (2023: 9 volunteers) who worked for various periods.

3 (2023 - 3) of the above employees participated in the Defined Contribution Pension Schemes.

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £41,491 (2023 - £43,842). The Charity considers its key management personnel to comprise the Centre Manager, the Care Co-ordinator and the Administrator.

11 Independent examiner's remuneration

Examination of the financial statements

2024
£
2,556		 2023
£
1,998

12 Taxation

The charity is a registered charity and is therefore potentially exempt from taxation.

13 Tangible fixed assets

Cost
At 1 April 2023
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Land and
buildings
£
398,748
398,748
379,678
4,070
383,748
15,000
19,070		 Furniture
and
equipment
£
19,857
19,857
18,571
347
18,918
939
1,286		 Ambulance
Fund
£
68,502
68,502
68,502
-
68,502
-
-		 Beach Hut
£
2,785
2,785
2,785
-
2,785
-
-		 Equipment
Fund
£
230
230
230
-
230
-
-		 Total
£
490,122
490,122
469,766
4,417
474,183
15,939
20,356

The value of land and buildings includes £15,000 of freehold land - this is the land upon which the premises stands and does not therefore form a separate saleable asset.

The notes on pages 10 to 18 form an integral part of these financial statements. Page 15

Halstead Day Centre

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

14 Debtors

Prepayments
15 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Accruals		 2024
£
778
2024
£
387
652
2,741
3,780		 2023
£
1,368
2023
£
224
635
2,348
3,207

16 Funds

Unrestricted funds
General
General Fund
Restricted funds
Freehold Premises Fund
Equipment Fund
Beach Hut Fund
Essex Community Foundation
Maylands Trust
Halstead Town Council
Total restricted funds
Total funds		 Balance at 1
April 2023
£
7,134
19,070
278
1,006
-
15,000
450
35,804
42,938		 Incoming
resources
£
72,696
-
-
2,208
10,000
20,760
500
33,468
106,164		 Resources
expended
£
(71,752)
(4,070)
(278)
(3,119)
(5,000)
(35,760)
(950)
(49,177)
(120,929)		 Transfers
£
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2024
£
8,078
15,000
-
95
5,000
-
-
20,095
28,173

The notes on pages 10 to 18 form an integral part of these financial statements. Page 16

Halstead Day Centre

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

Unrestricted funds
General
General Fund
Restricted
Freehold Premises Fund
Equipment Fund
Beach Hut Fund
Essex Community Foundation
Maylands Trust
Halstead Town Council
Total restricted funds
Total funds		 Balance at 1
April 2022
£
16,953
34,420
469
798
7,500
-
-
43,187
60,140		 Incoming
resources
£
75,568
-
-
1,041
5,000
30,300
450
36,791
112,359		 Resources
expended
£
(85,387)
(15,350)
(191)
(833)
(12,500)
(15,300)
-
(44,174)
(129,561)		 Balance at 31
March 2023
£
7,134
19,070
278
1,006
-
15,000
450
35,804
42,938

The specific purposes for which the funds are to be applied are as follows:

Unrestricted Fund - this fund can be utilised for any purpose which the Trustees consider to be required in the furtherance of the object of the Charity.

Restricted Revenue Fund - this fund is used to hold money received in grants and donations where the donor or grantee has placed a restriction on the type of cost against which their contribution may be used.

The restricted revenue reserve fund balances as at 31 March 2023 and 31 March 2024 are made up of the following amounts:

Capital Funds - the Equipment Fund, Ambulance Fund and Freehold Premises Fund are used to hold the written down capital value of the assets purchased with grants and donations made for the acquisition of these.

The notes on pages 10 to 18 form an integral part of these financial statements. Page 17

Halstead Day Centre

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

17 Analysis of net assets between funds

17 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
939
10,919
(3,780)
8,078
Unrestricted
funds
General
£
1,008
9,333
(3,207)
7,134		 Restricted
funds
£
15,000
5,095
-
20,095
Restricted
funds
£
19,348
16,456
-
35,804		 Total funds at
31 March
2024
£
15,939
16,014
(3,780)
28,173
Total funds at
31 March
2023
£
20,356
25,789
(3,207)
42,938

18 Related party transactions

Mayland Trust

In the year, donations in the sum of £20,760 (2023 - £30,300) were given to the Charity by The Maylands Trust which has a connected trustee. At the balance sheet date the amount due to/from The Maylands Trust was £Nil (2023 - £Nil).

The notes on pages 10 to 18 form an integral part of these financial statements. Page 18