Charity registration number: 514092
Northwood Day Care Centre
Annual Report and Financial Statements
for the Year Ended 31 May 2022
Northwood Day Care Centre
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Statement of Trustees' Responsibilities | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 14 |
Northwood Day Care Centre
Reference and Administrative Details
Chairman Pauline Mitchell Trustees Pauline Mitchell C Ashworth E Walton G Walton S Rogers W Woodward Anthony Thomas Mandy Machin June Sheldon Senior Management / Leadership Peter Hughes, Centre Manager Team Shaun Brereton, Assistant centre manager Charity Registration Number 514092 Principal Office Oak Street Stoke-on-Trent Staffordshire ST1 2NW Independent Examiner Winton Bath Group Ltd Chartered accountants First Floor 6 Ferranti Court Staffordshire Technology Park Stafford Staffordshire ST18 0LQ
Page 1
Northwood Day Care Centre
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 May 2022.
Objectives and activities
Objects and aims
The objects of the charity are to provide for the elderly, the infirmed or people with compromised social or economic circumstanceby the provision of facilities for social and recreational purposes that will improve their condition in life
Objectives, strategies and activities
The main activities of the the charity are set out below and are all undertaken to further the charitable activity for the public benefit.
-Transport of the infirm and elderley to and from the centre
-Provision of daily three course meals
-Bathing and hairdressing facilities -Library services -Laundry services -Daily prescription services -Transport to medical centres -Comunity visits -Organised activities
Public benefit
In planning the activities and objectivies of the charity the Charity Commissions guidance on public benefit has been considered.
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 charity policy on reserves is to hold approximately three months future expenditure as cash reserves.
Funds in deficit
The charity has no funds in deficit.
Principal funding sources
The charities principle funding source comes from receipts from local government and private individuals for provision day care services.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
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Northwood Day Care Centre
Trustees' Report (continued)
Trustees: Pauline Mitchell C Ashworth E Walton G Walton S Rogers W Woodward Anthony Thomas Mandy Machin June Sheldon
Chairman: Pauline Mitchell
Senior Management / Leadership Peter Hughes, Centre Manager Team: Shaun Brereton, Assistant centre manager
Structure, governance and management
Nature of governing document
The charity was set up by a deed of trust and is controlled by its constitution document dated 01 March 1983. The charity is unincorporated.
Recruitment and appointment of trustees
Trustees are recruited periodically from a pool of individuals with direct contact to the charity. Appointments are ratified by the executive committee.
Arrangements for setting key management personnel remuneration
Key management personell includes A. Thomas, P Hughes, and S Brereton. A. Thomas does not receive a salary. Salaries are set by the executive committee.
Organisational structure
The trustees meet two or three times per year to determine policyand to review performance.
The charity`s day to day operations are controlled by the executive committee who meet 10-12 per annum. The members of the executive committee are nominated and elected each year at the annual general meeting. All members must retire annually but are eligible for re-election.
The executive committee members in the year ended 31 May 2020 were;
P.Mitchel (Chairperson), C Ashworth, M Riley, W Woodward, D Howle, E Walton, G Walton.]
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Northwood Day Care Centre
Trustees' Report (continued)
Relationships with related parties
Northwood Past Times
Northwood Past Times is a charity and a company limited by gaurantee. The same trustees of this charity manage Northwood Past Time. The purpose of the limited company is to provide holiday`s for those individuals with the same needs as this charity.
Financial instruments
Objectives and policies
The charity’s activities expose it to a number of financial risks including credit risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Credit risk
The charity’s principal financial assets are bank balances and cash and other receivables, The charity’s credit risk is primarily attributable to its outstanding debt owed by its associated entity, Northwood Past Times..
The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk other than that stated above
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments the charity maintains surplus cash balances
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
The annual report was approved by the trustees of the charity on 30 January 2022 and signed on its behalf by:
......................................... W Woodward Trustee
......................................... Anthony Thomas Trustee
Page 4
Northwood Day Care 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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 30 January 2022 and signed on its behalf by:
......................................... W Woodward Trustee
......................................... Anthony Thomas Trustee
Page 5
Northwood Day Care Centre
Independent Examiner's Report to the trustees of Northwood Day Care Centre
I report to the trustees on my examination of the accounts of Northwood Day Care Centre for the year ended 31 May 2022.
Responsibilities and basis of report
As the charity trustees of Northwood Day Care 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 Northwood Day Care 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
Since Northwood Day Care Centre's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants, which is one of the listed bodies.
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:
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accounting records were not kept in respect of Northwood Day Care Centre as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
...................................... Winton Bath Group Ltd Chartered accountants Institute of Chartered Accountants
First Floor 6 Ferranti Court Staffordshire Technology Park Stafford Staffordshire ST18 0LQ
30 January 2022
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Northwood Day Care Centre
Statement of Financial Activities for the Year Ended 31 May 2022
| Note Income and Endowments from: Charitable activities Investment income 3 Total income Expenditure on: Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward Note Income and Endowments from: Charitable activities Investment income 3 Total income Expenditure on: Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 311,048 35 311,083 (247,509) (247,509) 63,574 63,574 491,112 554,686 Unrestricted funds £ 227,677 50 227,727 (219,247) (219,247) 8,480 8,480 482,633 491,113 |
Total 2022 £ 311,048 35 |
|---|---|---|
| 311,083 | ||
| (247,509) | ||
| (247,509) | ||
| 63,574 | ||
| 63,574 491,112 |
||
| 554,686 | ||
| Total 2021 £ 227,677 50 |
||
| 227,727 | ||
| (219,247) | ||
| (219,247) | ||
| 8,480 | ||
| 8,480 482,633 |
||
| 491,113 |
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 9 to 14 form an integral part of these financial statements. Page 7
Northwood Day Care Centre
(Registration number: 514092) Balance Sheet as at 31 May 2022
| Note Fixed assets Tangible assets 6 Current assets Stocks 7 Debtors 8 Cash at bank and in hand 9 Creditors: Amounts falling due within one year 10 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds |
2022 £ 230,093 300 176,212 155,490 332,002 (7,409) 324,593 554,686 554,686 554,686 |
2021 £ 240,824 300 175,282 81,670 |
|---|---|---|
| 257,252 (6,963) |
||
| 250,289 | ||
| 491,113 | ||
| 491,113 | ||
| 491,113 |
The annual report was approved by the trustees of the charity on 30 January 2022 and signed on its behalf by:
......................................... W Woodward Trustee
......................................... Anthony Thomas Trustee
The notes on pages 9 to 14 form an integral part of these financial statements. Page 8
Northwood Day Care Centre
Notes to the Financial Statements for the Year Ended 31 May 2022
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
Northwood Day Care 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.
Income and endowments
The charity receives income for the provision of day care services. Income is accounted for when it becomes receivable.
Investment income
Interest on cash and bank deposits is recognised once the interest has been paid.
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.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes only costs that can be allocated directly to such activities. The charity does not have any central support costs.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including independent examination, strategic management.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Northwood Day Care Centre
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
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 |
|---|---|
| Furniture and equipment | 20% on reducing balance |
| Land and buildings | 4% on cost |
| Plant and machinery | 20% on reducing balance |
| Motor vehicles | 25% on reducing balance |
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
2 Income from charitable activities
| Unrestricted funds General £ 311,048 |
Total 2022 £ 311,048 |
Total 2021 £ 227,677 |
|---|---|---|
3 Investment income
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Northwood Day Care Centre
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
| Interest receivable and similar income; Interest receivable on bank deposits Total for 2022 Total for 2021 |
Unrestricted funds General £ 35 35 50 |
Total funds £ 35 |
|---|---|---|
| 35 | ||
| 50 |
4 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.
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Northwood Day Care Centre
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
5 Taxation
The charity is a registered charity and is therefore exempt from taxation.
6 Tangible fixed assets
| 6 Tangible fixed assets |
||||||
|---|---|---|---|---|---|---|
| Cost At 1 June 2021 At 31 May 2022 Depreciation At 1 June 2021 Charge for the year At 31 May 2022 Net book value At 31 May 2022 At 31 May 2021 7 Stock Stocks 8 Debtors Prepayments Other debtors 9 Cash and cash equivalents Cash on hand Cash at bank |
Land and buildings £ 414,259 414,259 183,501 8,285 191,786 222,473 230,758 |
Furniture and equipment £ 59,412 59,412 58,016 279 58,295 1,117 1,396 |
Motor vehicles £ 194,637 194,637 185,967 2,167 188,134 6,503 8,670 2022 £ 300 2022 £ - 176,212 176,212 2022 £ 100 155,390 155,490 |
Total £ 668,308 668,308 427,484 10,731 438,215 230,093 240,824 2021 £ 300 |
||
| 59,412 | 194,637 | |||||
| 58,016 279 |
185,967 2,167 |
|||||
| 58,295 | 188,134 | |||||
| 1,117 | 6,503 | |||||
| 1,396 | 8,670 | |||||
| 2022 £ 300 2022 £ - 176,212 176,212 2022 £ 100 155,390 155,490 |
||||||
| 2021 £ 1,851 173,431 |
||||||
| 175,282 | ||||||
| 2021 £ 100 81,570 |
||||||
| 81,670 |
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Northwood Day Care Centre
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
10 Creditors: amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals |
2022 £ 865 2,887 537 3,120 7,409 |
2021 £ 475 376 352 5,760 |
|---|---|---|
| 6,963 |
11 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £2,741 (2021 - £1,999).
12 Related party transactions
During the year the charity made the following related party transactions:
Northwood Past Time
(Northwood Past Time is managed by the same trustees that manage this charity.) Northwood Past Times has had invoiced paid by this charity totalling £2780
. At the balance sheet date the amount due from Northwood Past Time was £176,211 (2021 - £174,431).
13 Analysis of governance and support costs
Governance costs
| Independent examiner fees Examination of the financial statements Total for 2022 Total for 2021 |
Unrestricted funds General £ 3,300 3,300 2,880 |
Total funds £ 3,300 |
|---|---|---|
| 3,300 | ||
| 2,880 |
14 Staff costs
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
Page 13
Northwood Day Care Centre
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
| 2022 | 2021 | |||
|---|---|---|---|---|
| No | No | |||
| Centre staff | 14 | 15 |
Contributions to the employee pension schemes for the year totalled £2,687 (2021 - £2,106).
No employee received emoluments of more than £60,000 during the year
15 Expenditure on charitable activities
| Charitable activity | Unrestricted funds General £ 244,209 |
Total 2022 £ 244,209 |
Total 2021 £ 216,367 |
|---|---|---|---|
16 Net incoming/outgoing resources
Net incoming resources for the year include:
| Private day care Local authority Organised services UK government grants Depreciation Wages and salaries Heat and light Motor Expenses Food |
2022 £ 62,349 48,334 67,601 132,764 10,732 181,020 3,020 16,068 15,321 |
2021 £ 24,599 38,532 23,500 141,046 (11,524) (180,601) (2,652) (3,386) (5,123) |
|---|---|---|
Page 14
Northwood Day Care Centre
Detailed Statement of Financial Activities for the Year Ended 31 May 2022
| Income and Endowments from: Charitable activities (analysed below) Investment income (analysed below) Total income Expenditure on: Charitable activities (analysed below) Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2022 £ 311,048 35 311,083 (247,509) (247,509) 63,574 63,574 491,112 554,686 |
Total 2021 £ 227,677 50 |
|---|---|---|
| 227,727 | ||
| (219,247) | ||
| (219,247) | ||
| 8,480 | ||
| 8,480 482,633 |
||
| 491,113 |
This page does not form part of the statutory financial statements. Page 15
Northwood Day Care Centre
Detailed Statement of Financial Activities for the Year Ended 31 May 2022 (continued)
| Charitable activities UK Government grants Organised Services Private Day Care Contractual income from government or public authorities Investment income Interest on cash deposits Charitable activities Opening stock Purchases Closing stock Sundry expenses Wages and salaries Staff pensions (Defined contribution) Motor expenses Telephone Postage and stationery Rent and rates Food Heat & Light Repairs and renewals Cleaning Bank charges Insurance Computer software and maintenance costs Depreciation of office equipment Accountancy fees |
Total 2022 £ 132,764 67,601 62,349 48,334 311,048 35 35 (300) (790) 300 (678) (181,020) (2,687) (16,068) (1,258) (90) (1,787) (15,321) (3,020) (6,319) (145) (1,018) (2,590) (686) (10,732) (3,300) (247,509) |
Total 2021 £ 141,046 23,500 24,599 38,532 |
|---|---|---|
| 227,677 | ||
| 50 | ||
| 50 | ||
| (300) - 300 (266) (178,495) (2,106) (3,386) (2,212) (115) (1,363) (5,123) (2,652) (4,911) (126) (529) (2,842) (717) (11,524) (2,880) |
||
| (219,247) |
This page does not form part of the statutory financial statements. Page 16