lllll *ADID9ZBT* 2011212024 COMPANIES HOUSE A22 #268 N&IA TEaM aNTS YEAR MARCPH wIN'vv.riidggsdaycentre.co uk Flcgistcrcd harily Numb@'r 700852 +oiiii)any Liiiiited ILiaraiitpo 2,247850'1 11 ANNUAL REPORT maggs 2023 - 2024 CONTENTS TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS 202312024 PAGE NO TRUSTEES, ANNUAL REPORT REPORTOFTHE INDEPENDENT AUDITORS 22 STATEMENT OF FINANCIALACTIVITIES 25 BALANCE SHEET 26 CASH FLOW STATEMENT 27 NOTES TO THE CASH FLOW STATEMENT 28 NOTES TO THE FINANCIAL STATEMENTS INFo@mA￿A¥cENT1IE.c0j1K 01905 25027 WWW.IIAIISQ4YCENTRE.CO.UK REGISTEREDCHAIITY NIFMBEI: 700852 COMPANY UMttED BY GIIARANTEE: 2278501 11 ANNUAL REPORT niaggs MAGGS DAY CENTRE A COMPANY LIMITED BY GUARANTEE OF THE TRUSTEES YEAR ENDING 31 MARCH 2024 The Trusiees are pleased to submit their annual report together with the audited financial statements of the charity for the year ended 31 March 2024. 1. REFERENCE AND ADMINISTRATIVE INFORMATION Charlty Name: Maggs Day Centre Charity registration number: 700852 Company registratlon number: 02278501 Registered office: Maggs Day Centre, St Albans, Deansway, Worcester, WR12JD Operatlonal addresses used to fulfll the objects of the charlty: Maggs Head Office, The Old Glove Factory, 13B Lowesmoor, Worcester WR12RS Maggs Clothing ProjecUAnnexe, 59160 The Tything. Worcesler. WR11JT Maggs Day Centre (Worcester), St Albans, Deansway, Worcester, WR12JD Maggs Day Centre (Malvern), 62 Newtown Road, Malvern, WR14 1 NZ 2. TRUSTEES AND DIRECTORS Patron: The Rt Revd Dr John Inge, The Lord Bishop of Worcester The Directors who are also Trustees and who served during the year were: ,,IPlJQ j,. 2910512019 Mi Clive s￿'d￿0[8 Chair 01.04.23- 31.10.23 Interim Chair.. 1.11.23-29.2.24 Secretary Treasurer Ms Avril Gilmore 1311012017 Dr Robert Nichols Ms Nicola Malyon Mr Gary Morgan Mrs Susan Osborne Mrs Helen Perry-smith Ms Jane Kemp Mr Alden Taylor Mr Andrew Hood 0710712022 0710712022 1210512022 1110712012 0511212022 1910812021 0811012018 1710712024 3110812024 2010712023 0711012024 2110312024 INFO@mACfjsDA￿t1T1£,cO.UK 01905 25D27 WWW.hlAGGSDAYCE￿REcO.UK REGISTEIEII CHARITY IIUMBER: 700852 COMPANY UMITEU BY GUAR4NTEE: 2278501 11 ANNUAL REPORT maggs 2023- 2024 3. CHIEF EXECUTIVE Miss Mel Kirk until November 2023. David Hall-Davies as Interim CEO January 2024 and February 2024. The Board began recruiting for Chief Executlve in March 2024. 4. PRINCIPAL ADVISORS Auditors Richards Sandy Audit Services Limited. Thorneloe House, 25 Barbourne Road, Worcester, WR1 1RU Bankers CAF Bank Limited. 25 Kings Hill Avenue. Kings Hill. West Malling. Kent, ME19 4JQ Unity Trust Bank, 4 Brindley Place. Birmingham, B12JB Nationwide Building Society. Kings Park Road, Moulton Park. Northampton, NN3 6NW Santander UK plc. Bridle Place, Bootle, L30 4GB Hodge Bank, One Central Square, Cardiff, CF10 1FS Sollcitors MFG Solicitors LLP, 20-21 The Tything, Worcester, WR11HD HCR Law, S Deansway, Worcester, WR12JG Archltects Lett & Sweetland Limited, 58 London Road, Worcester WR5 2DS 5. GOVERNING DOCUMENTS Maggs is a charitable company limited by guarantee (incorporated on 19 July 1988). The governing document is its memorandum and articles of association (as amended by Special Resolution on 27 November 1989). Maggs Day Centre was registered as a charity on 17 November 1988. 6. MEMBERSHIP Membership is open to supporters and sponsors of Maggs at Ihe discretion of the Council of Governors. Membership is £1 a year, which is necessary to maintain the legal Register of members. Fees are due at the AGM. The liability of members is a maximum of £1 should Maggs become insolvent and wound up. 1NFO@IAAGB￿¥CEN[IE,CO.UK Q1905 25027 VIIIW.MAGGSll4YCENTRECQIIK AEGISTE￿DCNAA1Iy NUMBER: 7110852 COMPANY UMITED BY GUARANtEE: 2278501 11 ANNUAL REPORT maggs 2023- 2024 7. OUR AREA OF CHARITABLE BENEFIT AND OBJECTIVES Mission statement: We work with homeless and vulnerable people to raise self-confidence thereby enabling positive life change. Our vision: is to work with partners to eliminate long term rough sleeping in the county. whilst offering homeless and vulnerable people opportunities to thrive and realise their full potential. Area of Charitable beneflt: Maggs provides public benefit by helping anyone experiencing homelessness, social isolation or who needs support across Worceslershire. through the provision of two open access Day Cenlres in Worcester and Malvern. associated support. a clothing project, accommodation project and an oulreach team. The Irustees confirm that they have complied with the duty set out in Section 4 of the Charities Act 2011 to have regard to the guidance issued by the Charity Commission concerning public benefit. Our Values: VALUE ONE VALUE FOUR EQUALXOPPORTUNITIES MAKING AN ACTION PLAN As part ol our Mmmltmenl lo •qual opportunltle8, nlivdiscriminalory and anliwpresslve principles and piacllce, Magg5 wlll work to ensure Ihal all servl¢e5 and r•sourc•J are r•l•v*ni •nd *¢¢é$$lbl•. With the 4gTo¢m•nl of $OFVtce uwrs, encourage rnlalhes and carers elc. In the supportlaction pl8nnSng proces8. iIAL.UE FIVE VAL.UE IWO BEING'FRIENDLY AND APPROACHABLE PRothoTING INDEPENDENCE All staff musl be appro8¢hoble, lri¢ndly, helplul ond Work well wllhlnj'small team. You should have a 'can do, attllude, be reliablo and flexible en6uring you play youf Pèrt in thè ongoing service provision ol Maggs. You shoul¢S work haol to recojnlse and understand the goals and awrallons the leam and sep4ic4 usets are working I￿9rd& and gln'¥e to Support Poople a¢hl¢v¢ Ih•m. Oller support In a collab¢x¥Vv• way Ih•l promotgs Indapendence. VALUE THREE TREATING PEOPLE WITH DIGNITY VALUE SIX All service users ar• treated with dignity and sensitivity./DEMONSTRATE COMMUNICATION enabllng sfjrvl￿ u￿r$, through fjmpowermenl, lo mako *Jeclslons relatlng to t￿trI￿ve$. Actively domonslralo the Importance ol commvnic4tson and Ihe,impa¢l il h05 Qn effe￿1ve leam wo￿. Thls should be consistent and irrespeclive of paid stsff or voluntee 41 all limes. It is also crucial to recognise and ernon$trate the Importance ol dear verbalfvnlll•n comrnunlcallon and lislenlng in our day-lo-day work ond ulilise these sklll8 to motivate those you Wofk wlh for Ihe wider benefit ol Maggs. INFO@MAGGSDAYCENIRE.CO.IIK E0190525027 WWW.MAGGSDAYCENIRE.CO.UK REGISTEREDCHAIITY NUblBEI. 70D852 COMPANY UMITED BY fAJARINIEE: 2278501 11 ANNUAL REPORT maggs rJ Our Objectives: The objects of Maggs Day Centre (as stated in the memorandum and articles of association) are lo promote the relief of suffering in such ways as the trustees shall from time to time think frt (but without prejudice to the generality of such object): To promote by establishment of care and support and counselling the relief of persons of either sex (without regard of race or creed) who are suffering (at any age) from loneliness or from povety or from any disabilty or decease attributable to loneliness and to establish maintain and manage a shelter or centre and all ancillary services for such people. By conducting or promoting or encouraging research into care and treatment of persons suffering from loneliness, povety, disabilrty or decease as aforesaid and particularly inlo the care and treatrnent of persons so suffering and to disseminate the results Ihereof. By promoting or encouraging or assisting in the teaching or training of counsellors and advisors for the treatment and care of persons suffering from loneliness and Ihe effects thereof. 8. THE SERVICES OFFERED DURING THE YEAR Open Door Day Centres Direct access day centres, in Worcester and Malvern, providlng food, clothes washing and drying facilities, showers and a dedicated support team available to help with referrals, debt management, booking appointments, housing etc. Clothing Project Providing free vital items for rough sleepers or those in lemporary accommodation, working solely on a referral basis. This can be anything from sleeping bags. rucksacks and roll mats to clothing, food and household items. niaggs C*4TVT4fv Outreach Team Countywide outreach service whose role is to be the first point of engagement with service users to build trust, provide pathways and support people off the streets, whether this be to encourage them lo access our day cenlres or deliver clothes and food to their tent. INFO@MIIGGSDAYCENTRLCO.UK 01905 251127 WWW.IUGGSDAYCElllHECO.IIK IIEGISTERED CHIWTY NUMBER: 7110852 COMPANY UPRITED BY GUAR4NIE&. 2278501 11 ANNUAL REPORT mciggs 2023 - 2024 Accommodatlon Project A supported housing provision for fomier rough sleepers to help develop the skills to maintain a mainstream tenancy independently, Harm Reduction A team dedicated to partnering with homelessness heatth providers, and other relevant agencies to engage people with services to address alcohol, Substan￿ misuse and any health-related issue associated with substance dependency. Interventlon and Transltlon Team An extension of our Outreach team, but Irr workers provide intense wrap around support to rough sleepers with complex needs in Worcester city. Volunteerlng Opportunitles From cooking in our day cenlres to assisting service users in the Clothing Project, we offer unique opportunities which are vilal to the running of our organisation. INFO@MaGGSDAYCEIIIRE.CO.UK oig05 25027 @WWW.MAGGSDAYCENIRE.CD.IIK REGIST£REDCHARITY NUMBER: 700B52 CIIMPANY UMtfED BY GUARANTEE. 22785111 11 ANNUAL REPORT maggs 2023- 20211 9. FINANCIAL BACKGROUND Maggs, is dependent on charitable funding, together with donations from the communty. The level of service offered varies in line with the funding available each year. We do not use outside agencies to fundraise. 10. RECRUITMENT AND APPOINTMENT OF TRUSTEES/COMPANY DIRECTORS The Directors are also charity trustees for the purposes of charity law and under the Company's Articles ofAssociation are known as "the Council of Governors" The number of members of the Council shall be not less than five, nor more than fifteen. The Directors aim to be as representative as possible and try lo recruit new Directorsrrrustees who are familiar with the needs of service users or have expertise thal are relevant to the needs of the charity. Under the requirements of the Memorandum and Articles of Association the members of the Council of Governors are elected at the Annual General Meeting, serve for a period of three years. retire and are eligible for re-election. Other nominations can also be made by members who have paid their subscriptions (£1 per year). TrusteeslDirectors must be paid up members of the Association. 1 I. STRUCTURE, GOVERNANCE AND MANAGEMENT The Chief Executive and management team are accountable lo the Board of Trustees, Decision making: Policy and strategy decisions are made by the Board of TrusteeslDirectors. Day-to-day management is delegated to the Chief ExeculNe and management team. Pay: Remuneration of key managemenl personnel and other employees is reviewed annually. Trustee meetings.. The Trustees normally meet twelve times per year. The Finance Committee normally meets twelve times per year, sets the budgel, monitors Incorne and expenditure and receives a budgetary report from the Finance Manager, including regular bank reconciliations. INFO@MAGGSDAYCENThE.CO.UK 01905 25D27 WWW.MAGGSDAYCENTRE,CO.IIK REGISIEREDCHARITY NUMBER.. 7110852 COMPINY UMITEII BY GUAAANTEE.. 2278501 11 ANNUAL REPORT Inaggs 2023- 20 12. TRAINING AND DEVELOPMENT Maggs, trustees are committed lo staff training, development and supervision. Maggs is a "learning organisation., which constaniiy evaluates its own work and invites comments and criticism from others. Maggs is committed to regularly reviewing what il does and monitor progress made against our objectives. 13. TrUSTEE INDUCTION & TRAINING On appointment. trustees receive the Charity Commission's "The Essential Trustee" paper and are required to sign acceptance of Ihe "Code Of Conduct Of Trustees" Trustees receive an induction programme, meet staff, people we work with and volunteers. Maggs obtains DBS checks on all tfustees. INFD@MAGGSIIIYCEIITrE.CO,UK 111905 25027 @WWW.MA6GSDAYCENIRLCO.UK 10 REGISTEREDCHARIIY NUMBER.. 700052 COMPANY UMItED BY IXIAAANTEE: 2278501 11 ANNUAL REPORT mciggs 2023- 2021 14. CHAIR'S STATEMENT Maggs, exists to support the homeless and vulnerable in Worcestershire. The charity has continued to run our WOr￿Ster and Malvern Day Centres,, our Clothing Project. Outreach services, Intensive Transttion Team, Harm Reduction and our Accommodation Project. I write this statement in September 2024 as Inlerlm Chair of Truslees. It is a personal privilege to hold this role and support a charity I have been involved with since 2020. 1 would like to thank Dr. Clive Skidmore and Avril Gilmore, who were Chair of Trustees during the time covered by this annual report. During 2023-2024, Inflation reached rts highest levels for decades in the UK. This was a challenge both for Maggs and for ordinary people who continue to struggle to meet day-t( day bills. We experienced an increase in demand for our seNices and at the same time, our supporters and donors were finding it harder to give generousSy. Maggs was fortunate to secure a Cosl-of-Living Grant from the National Lottery, which helped ameliorate our cost pressures. I'm pleased that Maggs was able to increase staff salaries broadly in line with inflation. Mel Kirk, our long-standing CEO, left the charity in Winter of 2023. The charity extends its gratitude for her years of service and commitment. After a period with an Interim CEO, the Board recruitment process resulted in the appointment of a new CEO Andy Price in June 2024, and we warmly welcome Andy to the team. I want to express particular apprecialion to fellow trustees to Avril Gilmore and Alden Taylor, who supported staff and ensured the work of the charity when it was without a CEO. A number of highlights of our work during the year are outlined elsewhere in this report, but I want to express my thanks to all our staff who demonstrated resilience, ensuring high service standards, at a challenging time and with ever increasing demands for our services. I would also like to take this opportunty to reflect on the future. Under new leadership, the charity is keen to focus on partnerships, fundraising and be a strong voice in the county on all things relating to rough sleeping and homelessness. We will need to lobby hard to ensure that promises made by politicians locally and nationwide are kept and that homes and good support will be front and centre of priorities. Maggs is celebrating 40 years of helping the homeless in Worcestershire in 2025 and we will be celebrating that achievement. Flnally, to all who klndly donate clothing, food, time or money lo Maggs, without you, we couldn't continue to help those that need us. Thank you and please carry on doing what you are doing. Jane Kemp INTERIM CHAIR OF TRUSTEES INFO@MAGGSDIIYCENIHE￿.UK 01905 25027 WVIW.MAGGSOAYCENTRLCO.UK 10 RENSIEREDCHARITY NUIIBER: 700852 COMPANY UMITED BY GUAIL4ritEE: 2278501 11 ANNUAL REPORT miiggs 2023- 2024 15. FUTURE PLANS 2024-25 We continue to build on our vision to work with partners to eliminate rough sleeping across Worcestershire, whilst also offering homeless and vulnerable people opportunities to thrive and realise their potenlial. Some of our key priorities for the year are to: Complete the successful recruitment of a new Chief Executive. Develop the range of partnership services at both our day centres, focusing on the health needs of our service users, extending our 'health hub provision,. Improve and enhance the use of'lnform,, our CRM and data management syslem so that we both better understand the demand and need for our services. But also show the impact and to better and more effectively show the benefrts of our services. Develop the supported housing services provided by our Maggs Accommodation Project (MAP) and 'bed in, the second propety Maggs has brought. We will work closely with local authority funders and partners to ensure that our outreach. navigation, harm reduction, and Intensive transition team services are refvnded when the current round of national government Rough Sleeper Initiative funding runs out in March 2025. Continue to develop the wide range of collaborations crucial to ensuring Maggs's ability to fund and deliver its services. Utilise the employment of a new fvndraiser lo revrtalise fundraising strategy and efforts. 16. 2023-2024 KEY ACHIEVEMENTS AND PERFORMANCE We continued to deliver services in our Day Centres and across Worcestershire for greater numbers of homeless and vulnerable people. Our Harm Reduction team opened a dropin service in Redditch and Evesham. We received funding to expand the team by one full-time equivalent. Maggs was recognised for Its Outreach work. particularly Its ontribution to a wider Worcestershire project working with homeless service users presenting with drug and alcohol issues. This resulted in further funding from Public Health England to enable an extension of our work into 2024125, One of our Harm Reduction workers was specifically recognlsed for their innovatlve approach lo work through 23124 with a nomination for an award by West Mercia poli￿. Our Outreach team, whose objective is to °engage the unengaged," launched a drop- in in Malvem. Maggs increased marketing capacity by creating a new Marketing and Relations Manager post. Revamped our website and social media, including a rebranding, which has aided the grovrth of our profile within the cornmunity and also improved our digital presence. INFO@PnllGWYCENIRE.CO.UK 01905 25027 WWW.MAGGSIIYCVllfiE.CO.UK 10 AEGJSTEIED CHAAIIY NUMBEK. 7110852 CIJMPANY UMITED BY GUARANTEE: 22785D1 11 ANNUAL REPORT maggs 2023 - 2024 Maggs was also featured on BBC Midlands Today three times in the last year, alongside interviews on BBC Hereford & Worcester and Free Radio Hereford and Worcester. Our Christmas fundraising campaign raised nearly £25,000. A second property was purchased in November 2023 to replace a previous rental property within the Maggs Accommodation Project, this allowed us to continue providing suitable homes for our residents and diversifying the Maggs portfolio. We partnered with St Pauls Hostel and Worcester Worriers in Big Worcester Sleep Out publicising and raising funding awareness of homelessness locally. We moved part of our team to the Glove Factory, as well as maintaining staff bases at Worcester Day Centre and the Tything annexe. We enhanced our corporate volunteering relationships, for example, Hudson Kapel who not only financially supports us with specific projects but also regularly volunteers with us on a rotational basis. One new staff member will complete monthly shift in the Clothing Project to help sort donations. greel and thank donors at Ihe door and assist servlce users on the shop floor. We have also benefitted from corporate projects such as Malvern Panalytical redecorating the Clothing Project. INFD@MIIGGSIIIIYCENTRE.CO.IJK 01905 25027 WWW.MAGGSDAYCENtRE.CO.UK 13 IEGISIEAEOCHARIIY NUMBER: 700852 COIIPANY UMITED BY GUARAIITEE.. 2278501 11 ANNUAL REPORT maggs 2023- 2024 All Project Outcomes Numbers of Service Users Supported Supported to set up a bank account 47 Universal Credit claimants assisted to claim the beneflts 228 Improved money management 657 A reduction In anxiety and depression. 423 Helped w5th accessing substance misuse services 471 Helped with physiGal health Including engagement wlth ststutory services 707 Helped wlth mental health Includlng access to statutory and partner services 440 Reductlon In Isolatlon 640 Supported agalnst rlsks to self and others 540 Improved ablllty to self-care 245 Housing advlcelhouslng assessment 258 Improved personal safety 178 Substance mlsuse Harm Reductlon support 55 Registered with GP 68 Servlce user8 able to access external support agencies independently 261 Improved employability skllls 23 Rebulldlng relatlon8hips 11 Accessing transport Ablllty to express thelr Indiv5dual needs wlthout becoming aggresslve 19 Budgeting skllls taught 17 Moved into accommodation 216 Reconnection to their area of local connection 21 INFD@MAGGSDIYCENIRE.COMK ¢U 01905 25027 W4VW.MAGGSDAYCENTRLCO.UK 13 RE￿STEREDcHAA1Ty NUMBER.. 700852 COIIPANY UMITEII BY GUARANTEE: 2278501 11 ANNUAL REPORT maggs 17. SUCCESS STORIES Christopher's story." Worcester Day Centre Christopher had been rough sleeping for approximately 6 months, becoming homeless following a relationship breakdown caused by his alcohol dependency. Christopher has been accessing the Worcester Day Centre since shortly after becoming homeless, making use of the laundry and shower facilities. as well as free breakfasts. IA+hen required, staff would also refer Chrislopher for Foodbank vouchers and free clothing from the Maggs Clothing project. Worcester Day Centre slaff worked consistently with Christopher to address the issues that faced him, from his substance use and mental health, to his homelessness & access to the services he would need to get his life back on track. ljli In 6 months, we have supported Christopher to: Reduce his dependency on alcohol & engage with drug treatment services Register wrth a new GP. Gel on the housing register with Worcester City Council. Open a bank account, through our partnership with HSBC. Acquire a second-hand phone. Get a preloaded SIM card through our partnership with Vodafone. Be placed into temporary accommodation. We subsequently supported Christopher to successfully find work on a building sile, starting part-time, with an offer of more permanent work & an offer of accommodation from his employer in an employer-owned HMO. With our support, Christopher is now accommodated. in work, managing his personal finances & starting to clear his outstanding debts so that he can move further into stability & independence. Christopher still has a drink occasionally, but he's in a better place, mentally, and knows that If he ever starts lo fall back into his old ways, that the Worcester Day centre staff & his Cranstoun support worker are there to support him & give him the "kick up the backside" that he needs to get him "back on the straight & narrow". It hasnl been an easy journey, & it's far from over, but we're proud of the positive changes that Christopher has made to his life. INFO@MA￿SDAy(E1TRE.CO.UK 01905 25D27 WWW.MAGGSOAYCENTIE.CO,IIK 13 HE￿E0 CHARITY NUMBER.. 700852 COMPANY UMITEII BY GUARINTEE: 2278501 11 ANNUAL REPORT niaggs Mike's Journey: Accommodation Project Mike had been living with his mum and stepdad when his mum sadly passed away. His stepdad was abusive so Mike made the decision that sleeping rough would be better than staying in an unsafe srtuation. Mike spent some time rough sleeping then was given a place in No Second Night Out who referred him to Maggs, Accommodation Project (MAP). During Mike's adolescence, he had started drinking alcohol and using party drugs to have a good time on a night out, and this had progressed to more regular consumption to ease the pain of his situation. Wrth the safety of a roof over his head and with the support of Maggs, Mike was able to reduce his alcohol intake to an occasional couple of drinks and he stopped taking illegal substances entirely. The breakup of Mike's family when he was young resulted in him being estranged from his dad and some of his siblings. Wilh our support he contacted his dad and started to regularly spend time with him as well as having some contact with the siblings he hadn't seen for years. We also helped Mike with his relationship with the molher of his daughter which had been rocky since they broke up. At the beginning of hls time Ilving with us, Mike had not been allowed contact with his daughter for a few months. We explored mediation and were starting down that route when Mike managed to contact his ex-partner and she agreed lo start up contact again, which went well, allowing Mike to take an active part in all areas of his daughter's life. Mike has multiple physical health conditions and has also struggled with anxiety and depression for many years. None of these were managed very well but we encouraged Mike to start accessing the GP at Maggs Day Centre and remlnding him to take his medication daily which resulted in his conditions becoming more under control. Mike had no experience of managing his money and had always lived payday to payday. He had never had his own tenancy and therefore had no experience in setting up and paying bills on a regulaf basis. He also had previously built up some catalogue debt. We helped Mike lo set up his utilities and found funding lo help reduce his monthly bills. plus we helped him to sel up a repayment plan for his debts. We also helped him by providing vouchers for the food bank when he needed them until Mike took control of his own finances and was even able to start building up sorne savings. Maggs helped Mike with paper#vork as he struggled to manage this alone, including helping him to successfully apply for PIP to help him manage his health condrtions. He then look the initiative lo apply for a funded bus pass which he was awarded, with no input from his support worker. We encouraged Mike to spend his time in ways which kept him busy and helped his mental health. We funded a fishing licence which gave Mike a lot of enjoyment and helped give him a goal for his savings as he enjoyed buying and using new equipment. He started to go on some camping trips with a friend which meant they could fish further away in nicer places. which Mike really enjoyed. INFO@MAGGSDAYCEIITRE.CO.UK 01905 25027 @VlWKMAGGSDAYCENIIIEKO.UK 13 REGISTERED CHARITY KUMBER: 700852 COMPANY UMITED BY WAIIINTEE: 2278501 11 ANNUAL REPORT aggs When Mike was ready to move on from the accommodation project, we helped him to find property which was appropriate for his health needs. We then helped him to set up all utilities and get funding for some basic furniture and white goods. We corresponded wrth the support worker from the housing provider to ensure that Mike can get ongoing support at a lower level than he has received in MAP, which will help him to maintsin a successful. long- lerm, independent tenancy. 18. A VOLUNTEERS, EXPERIENCE "Our support for the Maggs has spanned over twenty years, yet the opportunlty to volunteer has only arisen due to a change in work commitments; and since we have been fortunate to dedicate our Friday mornings at the Clothing Projecl. Volunteering has brougm me and my Husband such a sense of communrty and worth into our lives. Seeing the irnpact the Maggs has on people's lives and the difference we can make to a person's day. From the generosity of donors to the gratitude of the clothing project customers. it is truly heartwarming how many people the Maggs has louched. Knowing that we are a part of the Maggs colleclive and seeing close hand Ihe difference we make lo our client's lives is extremely important to us. 11 is rewarding to know a hand is always there for someone in need. and nothing less than a privilege to be the one offering it. Thank you Maggs team.. AIIANDA ANO ROB 19. DISTRIBUTION OF INFORMATION Information regarding Maggs, activities and achievements are distributed using the following resources: website, social media platfonns including Facebook, X (formerly known as Twitter), Instagram and Linkedln. flyers and leaflets, public speaking and local media. 20. PARTNERSHIP WORKING Maggs works in close and successful partnership with many relevanl. statutory and voluntary agencies who work wilh and support the single homeless. These include Cranstoun. CCP. Emerging Futures, Citizen's Advice CABIWHABAC, Housing Associations, local Councils, NHS, St Paul's Hostel, Police, Probation, Worcester Cathedral, Worcester Cares, Worcestershire County Council. Worcester Safeguarding Boards and YMCA. INFO@MA￿SBAyCEl1TrE.cO.UK 01905 25D27 WWW.MAGGSDAYCEIITAE.CO.UK 13 REThDCHARITY NUPABER: 7110852 COMPAIIY UMifEO8¥ GIIARAttTEE: 2278501 11 ANNUAL REPORT maggs 2023- 20211 21. FINANCIAL AND OTHER SUPPORT Maggs is grateful for financial and non-financial support from voluntary and other charitable organisations from local communty groups and churches. from local businesses, schools. from statutory authorities and from individual donors. These are sel out in detail on our Annual Accounts. Worcester Municipal Charities provide three of our Worcester Premises for a nominal rent. (The total rent values shown appear as expenditure and an equal amount is shown as grants received). Property 59160 The Tythin St Albans. Deansway (150 years, leasehold) The Old Glove Factory, 13B Lowesmoor Capital 373,145 50,000 unknown Rental Value 20,000 4,000 7,000 Volunteers.. Volunteers provide invaluable assistance. Currently, we have 23 volunteers who assist in various ways, including make breakfasts at the day centres, sort donations and help seNice users in a shop setting in our Clolhing Project, running activrties throughoul our health hub service such as art therapy and pub quizzes and food pickups from local supermarkets. We have also had several corporates join us as part of their corporate social responsibilty initiatives. Companies such as Worcesler Bosch and Malvem Panalytical have decorated both our Clothing Project and Worcester Day Cenlre, 22. FINANCIAL REVIEW OF THE YEAR 2023124 was a challenging year for Maggs - not only from the external influences of the economic climate but also internally with the changes in leadership and the impact that has had on the teams that support Ihe delivery of the charty's aims. Total income for 202314 of £918,147 was an improvement of £81 ,223 (£834,924, 2022123), generated by an increase in grant and housing rental income, but a reduction of £22.649 in donations. Total expenditure for 202314 of £1,049,327 was an increase of £220,758 (£828,569, 2022123). The main movements being an increase in staffing costs of £143,020, repairs and mainlenance of £18,401, travel costs of £8,097 and management costs I headquarter costs of £34,056. In addition. the 2023124 Accounts refiects the interest costs of our new property of £6,351. The increase in slaff salaries was in part through inflation and the decision to review pay and increase salaries in line with incieased infiation, as well as being able to fill vacancies. INFO@MAGGSDAYCEtITrE.CD.UK 01gD5 25D27 QWWW.MAGGSDAYCENTRE.CO.UK 13 REGISTEREIICHARIIY NUMBER.. 70D852 COMPANY UMITED BY WARANTEE: 2278501 11 ANNUAL REPORT maggs We also recruited for part of the year to new posts in fundraising and marketing to help the long-term sustainability of the organisation. This resulted in a deficit for the year of £133,180, with a corresponding reduction in free reserves. Maggs cash posrtion at the end of the financial year was reduced by £145,878 but still sound showing a positive figure of £555,287. Our fixed assets for the year increased from £258,717 to £487.050 (increase of £228,333 with a corresponding liability of £231,316 our bank lending> which reflecting the purchase of second propety for supported housing. Our total free reserves (total unrestricted finds less amounts held as fixed assets) was £300.300 (£556,634, 2022-23) 23. RISK MANAGEMENT The trustees confirm that they have reviewed the major risks. The main risks continue to be the unpredictabilty of income streams particularly the risk of RSI funding for all our outreach work by the end of March 2025. The board has set appropriate budgets and regularly monitors expenditure against income. The trustees have examined potential risks and are satisfied that the intemal systems togelher wllh insurance policies mitigate Ihese. 24. INVESTMENT POLICY Apart from retaining a prudent amount in reserves each year all the Charity's funds are spent In the short term. The reserves are placed on short-term deposits. 24. FUNDRAISING FROM THE PUBLIC We receive funding from the public all year round who provide cash donations, cheque as well as online donations (one off and regular) through our online 'Just Giving, plattorm page. magg5 We have a newly implemented marketing and fundraising strategy that drives donations through community engagement and highlights the benefrt of fundraising events, donations from churches, schools. businesses and other local organisations. From November 2023. Maggs has registered with the Fundraising Regulator and has committed to following their Code of Fundraising Practice and the Fundraising Promise. We have not received any complaints about how we raise funds from the public. INFD@MAGGSDAYCENTRE.CD.IIK 01905 25D27 WWW.IAAGGSQ4YCENTfiE.CO.UK 13 IIEGISTEflEDCIIAIITY NUMBER.. 700852 CDMPANY UMrtED BY GIIARANTEL. 2278501 11 ANNUAL REPORT maggs 25. RESERVES POLICY Whilst there is no mandated per￿ntage to be held by the charity, as a general principal the charity aims lo hold between 3 and 9 months of total annual expenditure as a reserve (excluding designated reserves> to ensure there is no significant disruption to the charty's activities in the event of any unforeseen reduction of income or additional unexpected expenditure. The level of general unrestricted reserves (excluding designated funds) less amounts held wrthin iangible fixed assets at the year*nd was £282.167 {2023 - £321,426), which is equivalent to 3 months (2023 - 5 months) expenditure. The level of total free reserves (total unrestricted funds less amounts held within tangible fixed assets) at the year-end was £300.300 (2023 - £556,634). 26. IRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The trustees {who are also Directors of Maggs Day Centre) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law, UK Accounting United Kingdom Generally Accepted Accounting Practice). and Fundraising Standards. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charty SORP; make judgements and estimates thal are reasonable and prudent; prepare the financial statements on the golng concern basis unless il Is inapproprlate to presume thal the charitable Gompany will continue in business. The trustees are responsible for keeping proper accounting records which disclose wilh reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure Ihat the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charrtable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities 27. DISCLOSURE OF INFORMATION TO AUDITORS Each person who was a director at the time this report was approved confimis that.. So far as they are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Charity's auditors are unaware; and They have taken all the steps that they ought to have tsken as Director to make themself aware of any relevant audit information and to establish that the Charity's auditor is aware of that information. INFO@MAGGSDAYCENTrE.CII.IIK 01905 25027 WWW.M16GSDAYCENTRLCO.UK 13 AEGISTERfDtHARIIY NUMBER.. 7110852 CIIMPANY UMITE118Y GUARANTEE. 22785D1 11 ANNUAL REPORT maggs 2023- 2024 28. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies, This report was approved by the Board on 25th November 2025 and slgned on its behalf. Clive Skidmore Director INFD@MIIGGSDIYCENIRE.CD.UK 01905 25027 WWW.MA6GSDAYf￿Tllf.C0.uK REGISTEREOCHARITY NUMBER: 7Q0852 CIIMPAIY UMITEOBY GUAR4NTEE: 2278501 R•port of the Indopendent Audltors to th• M•mbor• of Maggs Day Centre Oplnion We have audited the financial statements of Maggs Day Centre (the 'charitable company'> for the year ènded 31st March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Ststement and notes to the finanaal statements, including a summary of significant arxountirvJ policies. The financial reporting framewo that has been applied in their preparation is applicable law and United Kingdom Accounting Standard5 {United Kingdom Generally Accepted Accounting Practs'c8). In our opinion the financial statements= give a true and fair wew of the stale of the chantable company's affairs as at 31st March 2024 and of its Incoming resources and application of ￿SOurCes, induding ils income and expenditure, tor the year then ended., have b8en propedy prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and havé been preparéd in acLordance with the requirements of the Compantes Act 20c￿. Basls for oplnlon We conducted our audrt in accordance with Intemational Standards on Auditing {UKI IISAS {UKII and applicable law. Our responsibilities under those standards are further describèd in the Auditors, ￿sponsibl1111eS for the audit of the ffinanrial statements section of our report. We are independent of the chafilable company in accordance with the ethical requirements that are relevant lo our audit of the financial statement5 in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We bèlievé that thè audrt evidènce we have oblained is sufficient and appropriate to provide a basis lor our opinion. Concluslons r•lating to golng concorn In audits.ng the financial statements. we have concluded that the trustees, use of the going ¢on¢em basis of a¢¢ounting in the preparation of the financial statements is appropriate. Based on the wort( we have performed, we have not identified any material uncertaintles relating to events or conditions that, individually or coll8cliv8ly, may cast significant doubt on Ihe charitable compsny's ability lo continué as a going concern for a period of al least trfvelve months from when the financial statèments are aulhons8d for issue, Our responsibilities and the re8ponslbllllSes of the Iruslees with respect to going concem are dexribed in the ￿levant sections ol this report. Other Informatlon The trustees are responsible for the olher infomation. The othèr infomation comprises the infomialion included in the Annual Report, olher than the financial statements and our Report of the Independent Audrtors Ihereon. Our opinion on Ihe financial statements does not cover the other inft)miats'on and. ex&gPt to the extent otherwise expliutly staled in our report, we do not expre$$ any fom ol assuran￿ conclusion thereon. In connection wrth our audit of the financial stalemenls, our responsibility is lo read the other infomation and, in doing so, consider whether the other infomation is malenally inconsistent with the financial statements or our knowledge obtsined in the audit or otherwise appears to be materially mis5taled. lfvve identify such material Inconsistencies or apparent malenal misstatements, we are required lo delemine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomed, we conclude that there is a material misslatement of this other inlomiation, we are ￿qUired to reFlOrt that fad. Wle have nothing lo ￿port in this regard. Oplnlons on oth•r m•tt•rg pr￿crIbed by th• Compan1•• Act 2006 In our opinion, based on the work undertaken in the course of the audrt.. the infomation given in the Report of the Truslees for the financial year for which the financial statements affj prepared Is ￿nSISte￿I with Ihe financial sl8lèments.' and the Report ofihe Twstees has been prèpared in accordance with applicable legal requSrements. Matt•rs on whlch ￿ are requlred to report by exceptlon In the light of the knowledge and understanding of the charilable company and its environment obtsined in the course of the audit. we have not idenlffied material misststernents in the Report of the Trustees. We have nothing to report in respect of the following matter5 where the Companies AGt 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or retums adequate for our audit have not been réceived from branches not visited by us., or the financial statements are not in agreement with thè accounting records 8nd returns.. or certain disclosures of trustees, remunerats'on specifiéd by law are not made.. or we have not rèceived all the infonnation and explanats'ons we require for our audit,. or the trustees were not entstled to take advantsge of the small companies exemption from thè rèquirement to prepare a Strategic Report or in preparing the Report of the Trustees. 22 Report of the Independent Audltors to the Members of Maggs Day Centre Responslbllltles of trustees As explained more fvlly in the Ststemenl of Trustees, Responsibilities, the trustees {who a￿ also the directors of the chantable company for Ihe purposes of company law) a￿ responsible for the preparation of the financial slatements and for being satisfied that they give a true and fair view. and for such internal contToI as the trustees delernine is necessary to enable the preparation of financial statements that afe free from material misstatement, whether due to fraud or error. In p￿paring the financial statements, the trustees are responsible for assessing the charitable company's abilty to continue as a going concern, disclosing. as applicable. rnatte￿ related to going concern and using the goin9 concem basis of accountsng unless the trustees either intend to liquidale the charitable company or to rAase operations. or have no realistic allemats've but to do so Our r•$pon8Ibilitl￿ for the •udft of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financlal slatemants as a whole are free Irom matenal misslatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that include5 our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in acLordance V￿th ISAS (UK) will always detect a material mis51alemenl when it exists. Mi5Statements can arise from fraud or error and are considered material il, individually or in the aggregate, Ihèy could rèasonabty be expected to inlluence the economic decisions of users taken on the basis of these financial statements_ Irregularities. including fraud, are instances of non-compliancAg With laws and regulations. We design procèdures in line with our responsibilits'es, OU￿1ned above. lo detect material misstatements in respect of irregularities. including fraud. However, 11 is the primary responslbility of m8n8gement. wlth the ov8ryJight of those chargèd wlth govemancè, to ensure that the entity's operations are conducted in ac￿)rdanCe with the provisions of laws and regulations and for the prevention and detection of fraud. In identifying and 8s88ssing nsks of material misstatement in respect of irregularities, including fraud, we have.. obtained an understanding of the nalure of th8 industry and sector, induding the legal arKI regulatory framework that the company operates in and how the company is complying with the legal and regulatory framework., and inquired of managemènt. and thos@ charged with governance. about their own identification and assessment of the risks of irregularilies, includin9 any known actual, suspected or alleged instances of fraud. As a result of these procedures we considér thè most significant laws and regulats'ons that have 8 direct impact on the financial statements are the Charities SORP {FRS 102) 'Accounling and Reporting by Charibes Statement of Recommended Practsce applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 102) leffectsve 1 January 20191,, Financial Reportin9 Standard 102 The Finanaal Reporting Standard applicable in the UK and Republic of Ireland,, the Companies Act 2006 land related legislation), the CharllSes Act 2011 land related legislalionl and regulatsons relating to the employment and payment of staff including, but not limited to, the Employment Rights Act 1996, the National Minimum Wage Act 1998 and the Pensions t 2008. We ￿rf0MOd audit procedures to detect nongn as there Is a legal or constructive obligats'an commitb'ng the Charity lo that expendrture. it is probable that a transfer of economic benefits will be required in settlement and the amounl of the obligation ¢8n b8 measured reliably. Expenditure is accounted for on an accruals basis and has been lossified under h&adingS that aggre9ale all cosl related lo the category. ￿ere costs cannot be directly attributed to particular headings they have been all¢)cated to activities on a basis consistent with the use of resources. TANGIBLE FIXED ASSETS Depreciation 1$ provided at ihe lollowlng annual rates In order to wnle off each asset over Its estlmated uselul Ilye. Improvements to proFety 33Ya on cosl. 20% on cost, 15% on cost and 12.5% on cost Plant and machinery Computer equipment 33% on cost and 200A on cost 33% on cost and 20% on CA)St SOCIAL INVESTMENTS IN PROPERTY Social investrnents in property are held primarily for the provision of social benefits In accordance with the oblectives of the charity, although rental income is receivèd in regard lo these pfopertiès. conlinued... Maggs Day Centre Notss to the Flnancial Statoments -¢onllnu•d forthe Year Ended 318t M•￿h 2024 ACCOUNTING POLICIES - continued SOCIAL INVESTMENTS IN PROPERTY Social investments in property are measured at cost less and provisions for depreciation or impainnent. Social investments in property are considered to have a resldual value not less than historlcal cost. They are also subject to a programme of repaits designed to maintain these assets to a high standard. On this basis. no depreciation are charged on these properties. TAXATION The charity is exempt from corporation lax on Its charltable athvibes. FUND ACCOUNTING Unrestricted funds can be used in accordancè with thè charitable 0￿.ectIveS at the discretion of the trustees. Restricted funds can onty b8 used for particular restricted purposes within thè obj8cls of the charity. Reglrictions arise when specified by the donor or when funds are raised for Pa￿cUlar restrided purpo8e$. Further explanation ofth& nature and purpose of each fvnd Is included in the notes to the financial statements. FINANCIAL INSTRUMENTS The charity has elected lo apply the provlslons of Section 11, Basic Financlal Inslruments, gnd Section 12 '01her Financial Instruments Issues, of FRS 102 to all of its financlal instruments. Financial instruments are recognised w￿n the charity becomes party to contractual provisions of the instrument. Financial assets are offset. with the net amounts presented in the accounts where Ih8re is a legally enforceable right lo sèl off the recognised amounts and there is an inlentlon to settle on a net basis or to realise the asset and settle the liability simultaneously. 8a8lc Fln*nelal A88018 Basic financial assets, which include Ifade and other receivables and cash and bank balances, 8re initially measured at Iransaction price including transaction costs and are subsequently ￿rrIed at amortised cost usin9 the effective interest melhc•J unless the arrangement conslilules a financing Iransacts'on, where Ihe transaction is measured at the present valu8 of the fvture receipts discounted at a mathet rate ol inter851. Baslc Flnanclal Llabllltl Basic financial liabilities. including trade and other payables, are initialty recognised at transaction pric8 unless the arrangement conststutes a financing transaction, where the debt instrument is measured al the present value of future receipts, discounted al a mart(el rele of interest. Debt instruments are subsequently camed al amortised cost, using the effective intern81 rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable a￿ ctassified as current liabilibes if payment is due within one year or less. If not, Ihey a￿ presented as non•current liabilities. Trade payables are recogniseil initially at transa¢tson. PENSION COSTS The charilable company operates a defined contribub'on pension scheme. Conlribulions payable to the charitable company's pension scherne are chavged to the Statement of Financial Activities in the period to which they relate. DONATED GOODS AND SERVICES Donated rental lacililiès are measured on the basis of the value of the gift to the charity, being amount that the charity would pay in th8 open market for allernalive rental facilities for an equivalent prgporty. Th8 conlributs'on of unpaid general volunteers are not rKognised on the basis that it is impractiGal to measure reliably the fair value of donated gofyls. Donated goods receFved for the purpose of free distribution to beneficiarles are not recogni5ed on the basis that il is imprath.cal lo measure reliably the fair value of donated goods. STAFF TERMINATION COSTS staff temiination costs are recognise temiination benefits as a liability and an expense immediately upon a detsiled fomial plan for the terninalion has been agre8d upon the staff memb8rs effected by the agrèement and the charity has no realtstic possibility of withdrawal Irom that plan. cOntin￿d... Maggs Day Centro Notes to th• Flnanclal Ststements - conlinued for the Year Ended 31st March 2024 ACCOUNTING POLICIES- contlnu•d STAFF TERMINATION COSTS Staff temination costs are measured at the best estimate of the expenditure that would be required to settle obligats'on at the ￿porting date CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Estimatss and judgements are continually evaluated and are based on histori￿1 experienr£ and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Crltlcal area8 olludgemont Grant income from National Lottery Community Fund for a 5 year project is conditional on the charity receivirvj additional Se￿Ie￿ contract funding from local councils that may be withdrawn at short notice land also deemed subject lo perfomiance rel8led condilionsl. The National Lottery Community Fund is paying this granl lo the charity in hall annual instalments ol equal value. The National Lottery Community Fund grant income is therefore being r8cognised on a straight line basis over Ihe deemed life of the project, on the basis that the charity may not be entitled to the e￿rnent of this income allocated to fvlure periods under this treaiment should the local councils withdraw funding for this project prior lo the end of the 5 year pefiod. At the year end the charity is expecled lo receive lulure project lunding from National Lottery Community Fund over the next 2 years {2023 - 3 yearl lotslling £190,00012023- £285,000}, subject to the continued support of the local councils. The allocation of Stsff costs behvpen individual unrestricted and restricted funds is based on the estimated split ol staff time for each indivloual employee ol ihe charity be￿een such funds. The allocation of gene[81 support costs belween Individual unrestricted and reslncled lunds is made in proportion ol total staff costs of staff undertaking direcl charitable activities (subject lo there being available reseNes held by aach individual fund lor such an allocation). Social invèstmènts in propèrty are considered lo have residual value11.e. the expected fvlure selllng price of the propety at th8 point where the charity no longer needs it) not le$$ than historical cost. On this basis, no depreciation are charged on these properties, DONATIONS AND LEGACIES 2024 2023 Donalions LegaC￿S Grants Donated rental 18¢ilities IWorc4sler Municipal Charitiés) 83,601 1,901 359,147 106,250 379 265,923 Grants received, included in the 8bov8, are as follovo.. 2024 2023 National Lottery Community Fund Lloyds Bank Foundation Worc8star Municipal Chanties Eveson Charitable Trust Sundry other non-govemment grants I18ss than £20.OCKI each) 170,000 95,000 35,250 30,830 28.(KiO 33,000 30,000 369,147 265,923 INVESTMENT INCOME 2024 2023 Bank interest 31 continued... Maggs Day Centre Notes to the Financial Stst•m•nts - continued for Ihg Year End•d 31st Ma￿h 2024 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Sundry income from services Maggs Day Centres Sundry income from seryices Maggs ACcomm￿JaIl0n Project Social housing rental income Maggs Accommtsjalion Project Grants Maggs Outreach and Transition Sep4i¢%S 496 2,054 143,297 616 1,745 115,075 Grants re￿ived, included in the above, are as loll(A•ts: 2024 2023 re Forest District Council - Navigation SeNtce Worcester City Council - Intervèntion & Transrtion Worf lo rent offi￿$ at Glove Factory, 13 & 1S Lowesmoor at will subject lo a 6 month notice period for rent of £1 per monlh (if demanded). The charity used Old Glovè Factory for 3 months in the year prior lo the lease being agreed. The eslimaled fair market value of the waived rent of this building provided by Worcester Municlpal Charities (CIO) is £27.0(K) (2023 - £28.0001. 24. ANALYSIS OF NET ASSETS BETWEEN FUNDS R08tr1¢t•d funds Unrnstrletsd Total funds Tangible fixed assets Social Invastrnents in property Debtors Cash at bank Credrtors - due within one year Credilorn - due after more than one year Inter-lund loans 45,145 441,905 44,895 512,235 (55.0091 {230,6871 28.8e 45,145 441.905 97,205 555,287 163.205) 1230,8871 52,310 43.052 {8,1961 {28,8661 Totsl fvnds Inter-fund loans relates to cash that would otherwise be allocated to unrestrithd funds being used to make restricted fund payments in advance of the related incom8 that is due to the charity being recéived. 37 continued... Maggs Day Centre Not•8 to the Financial Staloments - conllnuod for the Yaar Ended 31 sl March 2024 MOVEMENT IN FUNDS Net movement in lunds Transfer5 betr￿en funds At 1.4.23 31.3.24 Unrestrlcted funds General fiJnd Outreach services resèrve fund Propety purchase reserve Property sinking fund reserve 580.143 107,075 100,000 (48,778) 227,852 1107,075) 1100.000} 759.217 13 81S,351 (48,7781 20,777 787.350 R•strict•d funds Equipmenl for the day centre Hami Reduction Worker John Horseman Trust Maggs Accommodation Project Malvern Day Centre Nav￿atIon Rowlands Trust Sundry small restricted fvnds 18881 15.642 10,000 22.998 {21.5761 (114,427) 3.000 127n 15,642 10,000 2.498 22,035 120.500 43.611 114,427 3,000 6,125 4,276 163.479 184.402 (20.777) 58,300 TOTAL FUNDS Net movement in funds, Included in the above are as follobVJ'. Incoming resources Resources expended Movement in fvnds Unr•strlct•d fund• General furKI 374N17 1423,195) 148.7781 Restrlct•d funds Equipment for the day aintre Hami Reduction Wother InclusNe Communiti85 ITh Workers John Horseman Trust Maggs Arxommodation Project Malvern Day Centr8 National Lottery Community Fund - Maggs Outreach and Transition Servic* National Lottery Communty Fund - Cost Of Living Navigalion Rowlands Trust Sundry small restrictèd fijnds {88B> 160,858 17.0001 (96,407) 18081 15.642 76,500 7.000 96,407 10.000 38,498 7,622 10,OIX) 22,998 121.5761 115.500) 129,198) 95.000 75.000 125,158 5,500 4,945 {95,000 175,000 1239,685 12.5001 4.096) (114.4271 3,000 $41.730 (620,132) 184.402) TOTAL FUNDS 916,147 (1,049,327) 1133.180) continued... Magg8 Day Cèntr• Notes to the Financial Statements - conllnued for the Year Ended 31st March 2024 25. MOVEMENT IN FUNDS - contlnuod Outreach 8ervl¢o8 r•servo fund Relates to fvnds set aside by the trustees to ensure that there is sufficlent fundlng foroutreach sery1￿5 for the next few years. Bulldlng capabllltle8 Funds received to financè a staff member to work on MOATS. Equlpmont for tho d•y c•ntro Funding re￿iVed from various grant prov¢ders for the purchase ol equipment for the Day Centre and rental properties. Hami R•duellon Worf(•r Funding received frc¥n Worcester City Council to finance a Reduction Workgr stsff member. Inelu8fv• Communlt108 Funding received from Worcestershire Community Foundation to fund an inclusive communitie5 project. ITT Work•rn Fund Funding received from Worcester City Council to finance Intervention and Transition Wotker stsff memberyd. John Horn•man Trust Funding received from John Horseman Trust to help fund the charivs aC￿MM(mI8ti0n project. Magg8 Accommodallon Project Funding received from various fund providgr8 to holp lund the ch8rity'S accommodation project. Maggg Oulroach and Transltlon S•r¥l¢•8 Funding received from a consortium of local councils to financ* Maggs Outreach and Transition SeNlc4s provlded by the Charty Malvern Day Centr• Funding rec*ived from donations from individuals, local churches and various charitable trusts lo support the actlvllies of Ihe Malvem Day Centre. Natlonal Lottery CommunSty Fund - Maggs Outreach and Tran8lllon S•rvlco Funding received from the National Lottery Communty Fund for Maggs Outreach & Transition Service Project. Natlon•l Lottery Communlty Fund - Co8t 01 Llvlng Funding rKeived from th8 National Lottery Communty Fund to assist with cost of living pri￿ increases. N•vlgatlon Funding recelved from Worcester City Councll, as well as varlous charitable trusts. to finance a staff member to provtde advi￿ and support lo homeless individual5. Pmt Founditlon FurMJing rec£ived from th8 Pret Foundation to finance food, $uppli88 and ulilitles relating to the Maggs Day Cenlffj. Rowland¥ Trust Funding received from the Rowlands Trust to fund purchase of specific items. Sundry small re8tr1ctsd funds Small one-off grants received for a specific purpose. TRANSFERS BETWEEN FUNDS On purchase of an additional social investment in propety in the year grant income received specifically to help fvnd the purchase of this propety totalling £15.OCKJ was transferred from restricted fijnds to general Unrestricted funds. In addition, designated funds of £100,000 sel aside in regard to the purchase of this propety was also released to general unr85tricted funds. 39 continued... Maggs Day Cenlrn Notes to the Finan¢lal Statemenls - contlnued lor the Year Ended 31st March 2024 25. MOVEMENT IN FUNDS . contlnuod TRANSFERS BETWEEN FUNDS . eontinued On purchasè of various plant and machinery and computer equipmènt relating to the Maggs accommodation project. grant income totalling £5,$00 re￿iVed lo help finance thes8 purchases has been transferred to general unrestricted fvnds. On purchase of various plant and machinery rela￿.ng to the day centre the remaining balance on the equipment for the day cenlrè fund of £277 has been transferred to general unrestricted funds to hèlp finance thèse purchases. At the year end the trustees released £107,075 held in the outrèach seThic8 reserve fund to general Un￿strICted nds, Going forward the trustees will have a Sing￿ general res8Nes policy for all activities, rather than having separate re5eTvès polices for different aclivitses. 26. RELATED PARTY DISCLOSURES During the year the charity received donations from trustees totslling £7 {2023 - £5601. Two ofthe Iwslees of the charity are also trustees ofworcester Municipal Charoties CIO. During the yegr Worcegter Municipal Charities CIO provided use of buildings either renl free or for nominal rent of £14 (2023 £14) to tho charity valued al £27,000 {2023 - £24,000). In 8ddition the charity reL*lved grants from Worcesler Municipal Charities CIO totalling £33,OW {2023 - £30,830). Worcester Municipal Charities CIO recharged building insuran and electricity to the charity totalling £4,64612023 - £4.9761. Maggs Day Conlre Detalled Statement of Flnanclal Actlvltles for th• Year Ended 31sl M•r¢h 2024 2024 2023 INCOME AND ENDOWMENTS Donatlong and legacles Donations Legacies Gran1$ Donated rentsl facilities Iwofcester Municipal Charities) 83.601 106.250 379 265.923 359.147 27 471,649 400,552 Inv•stm•nl In¢om• Bank interesl 9.183 4.088 Charltable actlvltles Sundry in¢omo Irom services Social housing rental income Grants 2.550 143.297 2,361 11 S.075 Total In¢omln9 rosour¢•• 916,147 834,924 EXPENDITURE R•l8lng donallong and logacles Wages Social 68curlty Penslons Webslle rad¢$lgn Advertising Sundry 26,569 2,516 389 12,000 1,898 46.611 Charltabl• acllvltles Wages Soclal $e¢urlty Pensions Rent Insurance Light, heat and rates Telephone and internet Repairs and maintenance Day ¢enlre expenses Stall training and expenses Cleaning Travel Sundry Depredallon on improvements to property Depre¢ialion on plant and machinery Depreciallon on computer equipment 468,214 37,736 8,957 83.368 16,218 47.486 9.762 42,410 19.670 14.485 6.378 16.019 6.470 2.573 4,000 312,877 25,8SS 5,234 92,214 12,196 47.215 8,230 24,009 25.953 17.634 5,442 7.922 4,101 7,570 3,847 798,488 807,183 41 This page does not fomi part of Ihe Statutory financlal statements M•ggs Day Centre D•talled Statement of Fln•n¢S•l A¢tlvlll•$ for th• Year Ended 31st March 2024 2024 2023 Support costs Management Wages Social security Pensions Postage and ststlonery Sundries Legal and Professional fees Staff recruilmenl Bad debts Bank charge$ Computer solhvare licanc46 123,305 3,885 1.690 3,181 824 29.385 9.360 3.864 201 173,347 9.963 2,965 3.349 1.333 12.899 1,925 10.653 1,458 195,167 218.508 Flnance Bank loan interest 6.361 Gov•rn•nce costs Auditors. remuneration Total resourc4s expended Ng1 l•xpondltur•Vln¢om• 42 This page d￿S not form part of the statutory financial slaternonts