aggs TRUSTEES ANNUAL REPORT & FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 www.maggsdaycentre.co.uk Registered charity, number 700852 Company Limited by Guarantee 02278501 ## CONTENTS ## TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS 2024-2025 |TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS 2024-2025|| |---|---| ||PAGE NO| |TRUSTEES’ ANNUAL REPORT|3| |REPORT OF THE INDEPENDENT AUDITORS|21| |STATEMENT OF FINANCIAL ACTIVITIES|24| |BALANCE SHEET|25| |CASH FLOW STATEMENT|26| |NOTES TO THE CASH FLOW STATEMENT|27| |NOTES TO THE FINANCIAL STATEMENT|28| 2 ## 1. Reference and Administrative Information ## Charity Name: Maggs Day Centre ## Registered Charity Number: 700852 ## Registered Company Number: 02278501 ## Registered Address: Maggs Head Office, The Glove Factory, 13B Lowesmoor, Worcester WR1 2RS ## Operational addresses (used to fulfil the objectives of the charity): Maggs Head Office, The Glove Factory, 13B Lowesmoor, Worcester WR1 2RS Maggs Day Centre, St Albans, Deansway, Worcester WR1 2JD Maggs Clothing Project/Annexe, 59/60 The Tything, Worcester WR1 1JT Maggs Day Centre (Malvern), Salvation Army Building, 62 Newtown Road, WR14 1NZ ## 2. Trustees and Directors The Directors who are also Trustees and who served during the year were: |Name|ROLE|Appointed|Resigned| |---|---|---|---| |Ms Jane Kemp|Chair from
31/8/2024|19.08.2021|| |Mr Clive Skidmore||29.05.2019|| |Ms Avril Gilmore||13.10.2017|| |Ms Nicola Malyon|Treasurer|07.07.2022|| |Mrs Susan Osborne||11.07.2012|07.10.2024| |Dr Robert Nichols|Chair until
31/8/2024|07.07.2022|31.08.2024| |Mrs Helen Perry-Smith||05.12.2022|| |Mr Andrew Hood||17.07.2024|| |Mr John Curtis||01.05.2025|| ## Trustee Changes We acknowledge the resignations of **Dr Rob Nichols** and **Susan Osborne** , who stepped down in August and October 2024, respectively. We thank them both for their contributions and dedication during their time with Maggs. We also note the upcoming resignation of **Helen Perry-Smith** , who will step down at the conclusion of the 2025 AGM. We extend our sincere gratitude for her valuable contributions and commitment during her tenure on the Board. © INFO@MAGGSDAYCENTRE.CO.UK 3 ## 3. Chief Executive 2024–25 marked the first full year under the leadership of our Chief Executive, **Andy Price** , who joined Maggs during a time of significant change and challenge. Andy has quickly brought fresh energy and strategic focus, building on Maggs’ strong foundations while steering the organisation towards growth, partnership, and sustainability. Under his leadership we have sharpened our strategic priorities, strengthened collaboration across Worcestershire, and begun to prepare for the next chapter of Maggs’ journey as we celebrate 40 years of service. His commitment to amplifying the voices of those we support, and to ensuring Maggs remains a trusted and responsive organisation, has already had a visible impact. ## 4. Professional Advisers ## Auditor Richards Sandy Audit Services Limited, Thorneloe House, 25 Barbourne Road, Worcester WR1 1RU ## Solicitors MFG Solicitors LLP, 20-21 The Tything, Worcester WR1 1HD HCR Law, 105 High Street, Worcester, WR1 2HW ## Bankers CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ, Unity Trust Bank, 4 Brindley Place, Birmingham, B1 2JB Nationwide Building Society, Kings Park Road, Moulton Park, Northampton, NN3 6NW 4 ## 5. Chair’s Welcome As Chair of Maggs Day Centre, it’s my privilege to present our Annual Report for 2024–2025 — a year of transition and renewed ambition as we mark our 40th anniversary. While continuing to deliver practical, compassionate support across Worcestershire, we also laid foundations for the future. We launched our 2025–2028 strategic plan, strengthened governance and systems, and secured the outreach contract in Redditch — expanding our ability to meet people where they are and connect them to the right help. We are also seeing demographic shifts, with more women needing our support. In response, we are developing more tailored, trauma-informed approaches and working with partners to ensure safe pathways into specialist services. None of this is possible without our volunteers, whose enthusiasm and spirit light up our day centres, outreach sessions and events — and without the partnerships that underpin our work with councils, health services, charities, businesses and community groups. Collaboration remains central to our impact. As you’ll see in this report, the need for Maggs remains high — but so does the resilience of our community. Thank you to our staff, volunteers, trustees, partners, funders and supporters for believing in what we do. And to those we serve: thank you for your trust. We are here because of you, and we will keep showing up for you. Jane Kemp Chair of Trustees 5 ## 6. CEO’s Message 2024–2025 was a year of transition for Maggs. While we remained grounded in our founding mission, 40 years ago this year – to provide practical, compassionate support to people facing homelessness – this was a year of a new Chair, a new CEO a new strategy, new systems, and of setting our sights higher. We have worked hard to strengthen the charity’s infrastructure, deepen our partnerships, and prepare our services for the future. We listened more to our service users. We challenged ourselves to build on what we do best and challenge ourselves to better meet the needs of those we seek to support. Our new strategic priorities – _**Quality, needs-based Services; delivered by our skilled dedicated passionate People; in collaboration with our valued Stakeholders and Partners; through a well led, well run organisation built on solid foundations**_ – reflect what Maggs has always stood for, while pushing us toward greater impact, accountability, and innovation. As we look ahead, we do so with determination and hope. The issues of homelessness are complex; there is no easy one size fits all solution They will require systemic changes, but change is possible – and Maggs is ready to play our part. Finally on a personal note, a big thank you to all our staff, volunteers, trustees who has made my first year such an enjoyable challenge. I very much appreciate your commitment and your passion for continuing to develop Maggs and to provide better services for those who so often desperately need them. ## ANDY PRICE, CEO 6 ## 7. Our Purpose, Vision and Services Maggs Day Centre exists to provide support, dignity and hope to people experiencing or at risk of homelessness across Worcestershire. We believe homelessness is not inevitable; with the right support, recovery and progression are possible. **Our vision:** a Worcestershire where everyone has a place to call home and no one is excluded from the help they need. We work with people who face multiple and complex challenges, including trauma, addiction, mental ill health and exclusion from mainstream services. Our services are practical, personcentred and rooted in compassion. They include: - **Day centres** in Worcester and Malvern providing essential needs (food, showers, clothing), advice, advocacy and emotional support - **County-wide outreach teams** offering support to people sleeping rough or in temporary accommodation - **Clothing Project** — free, dignity-first clothing and essentials for people rough sleeping, plus household starter items for those moving into accommodation - **Supported housing** and tenancy sustainment programmes - **Harm reduction** interventions and safer-use advice - **Pathways** into healthcare, recovery, employment and social inclusion We are guided by our core values of: INCLUSION We welcome everyone without judgment ## RESPECT We value each person’s story and autonomy ## EMPATHY We listen with understanding and care ## AUTHENTICITY We act with integrity and openness Our work is delivered by a dedicated team of staff and volunteers, supported by a broad base of **statutory funders** , **charitable trusts and foundations** , **corporate partners** , **community organisations and faith groups** , and **individual donors** (including gifts, legacies, payroll giving and in-kind/pro bono support). **Together, we are building a more hopeful future – one relationship, one service, and one step at a time.** 7 ## 8. Structure, Governance and Membership Maggs Day Centre is a registered charity and operates as 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. The charity is overseen by a Board of Trustees, also known as the Council of Governors, who bring a wide range of professional skills, lived experience, and alignment with our values: **Inclusion, Empathy, Respect and Authenticity** . The Board meets regularly to set strategic direction, monitor financial performance, and ensure the effective delivery of services. Trustees are elected at the AGM for a term of three years and are eligible for re-election. On appointment, all trustees undertake an induction process, receive the Charity Commission’s _Essential Trustee_ guidance, and sign our Code of Conduct. All trustees are DBS-checked and supported to access relevant training. Membership is open to supporters and sponsors of Maggs at the discretion of the Council of Governors. Members’ liability is limited to £1 in the event of insolvency. The Board delegates day-to-day operations to the Chief Executive, who is accountable to the Trustees. Policy and strategy decisions are made by the Board, while operational delivery is led by the CEO in line with our charitable aims and strategic priorities. 8 ## 9. Aims, Objectives and Public Benefit **Mission Statement: We work with the homeless and vulnerable people to raise selfconfidence 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.** The objects of Maggs Day Centre (as stated in the memorandum and articles of association) are to promote the relief of suffering in such ways as the trustees shall from time to time think fit and in particular (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 poverty or from any disability 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, poverty, disability or decease as aforesaid and particularly into the care and treatment of persons so suffering and to disseminate the results thereof. - 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 the effects thereof. ## How these Objects translate into practice ## **To give effect to the Objects, we:** - Provide inclusive, trauma-informed services for people experiencing or at risk of homelessness across Worcestershire. - Deliver day centres (Worcester & Malvern) meeting essential needs (food, showers, clothing), with advice, advocacy and emotional support. - Run county-wide outreach, engaging people who are rough sleeping or in temporary accommodation, and connecting them to services. - Operate a Clothing Project (dignity-first clothing/kit and household starter items), supported housing and tenancy sustainment. - Provide harm reduction interventions and structured pathways into healthcare, recovery, employment and social inclusion. - Work with partners (statutory, NHS and VCSE) to remove barriers, share learning and contribute to good practice through training and collaboration. 9 Our overarching aims are to improve safety, health and stability, reduce rough sleeping and harm, and support progression toward independence and participation in community life. In accordance with the Charities Act 2011, the Trustees confirm they have had due regard to the Charity Commission’s guidance on public benefit. Maggs’ services are free at the point of access, delivered without discrimination, and available to anyone in Worcestershire affected by homelessness or related vulnerabilities. Public benefit is delivered through reducing rough sleeping; improving health and wellbeing; supporting recovery, housing stability and employability; and contributing to community safety, cohesion and resilience. ## 10. Services Delivered in 2024–2025 During the year we delivered a county-wide programme of practical, person-centred support for people experiencing or at risk of homelessness, combining safe places to come indoors, proactive outreach, and clear pathways into health, housing and stability. ## Open-access Day Centres (Worcester & Malvern) Direct access to hot breakfasts, showers and laundry, clothing access, crisis triage, advice/advocacy and emotional support. We also host visiting partner clinics (GP/nurse, podiatry, optician, dental and sexual health) so people can get help on site. ## Clothing Project (The Tything, Worcester) Free, dignity-first clothing and footwear, sleeping bags/rucksacks/roll mats for people sleeping rough, and household starter items for those moving into accommodation — provided on a referral basis. ## County-wide Outreach Daily Street/outreach work, welfare checks and rapid responses (including severe-weather activations), with navigation into day centres, housing and health services. Regular drop-ins and multi-agency sessions help people engage quickly and safely. ## Accommodation Project (MAP) Supported housing for former rough sleepers, helping residents build the skills and routines to sustain a mainstream tenancy, with structured move-on support. ## Tenancy Sustainment & Floating Support Targeted, time-bound support to help people set up and **keep** their home — budgeting/benefits, landlord liaison and prevention of eviction, linked to community services. 10 ## Harm Reduction Safer-use advice, naloxone, needle/syringe provision and hepatitis C testing, delivered with health partners, alongside warm links to treatment and recovery services. ## Intervention & Transition Team (Worcester City) Intensive wrap-around support for people with complex needs, coordinating multi-agency input and sustaining engagement over time. ## Volunteering Supervised roles that are vital to delivery — from cooking breakfasts and supporting the Clothing Project to running activities and helping with collections — plus structured corporate volunteer days. ## 11. Our Impact 2024–2025 This year, Maggs supported **700+ individuals** across Worcestershire who were experiencing or at risk of homelessness. Many faced multiple challenges — rough sleeping, poor mental and physical health, substance use, trauma, and exclusion from mainstream services. Through our person-centred approach we helped people meet basic needs, access the right support, and take steps toward stability and recovery. ## Delivering against our 2024–25 plan (beyond the numbers) - **New contracts secured:** We were successful with commissioned service grant to deliver **Redditch & Bromsgrove Outreach** for rough sleepers or otherwise homeless (including regular drop-ins, multi-agency clinics, faster routes into housing/health locally) and the **Harm Reduction** tender (expanded testing, naloxone provision and safer-use support across the county). - **Service-user voice & involvement:** We increased co-production — a **Christmas video** created with service users and external partners, and our **Worcester Cathedral Christmas Tree** entry which sparked an ongoing **‘Christmas Tree’ project with Fran and service users** , giving people agency and visibility in our work. - **Redditch growth:** Attendance at the **Redditch drop-in** rose significantly; community connection strengthened through a **Summer BBQ** and **Christmas lunch** supported by corporate volunteers. 11 ## Key service highlights - **4,236** cooked breakfasts provided across our Day Centres - **4,652** countywide **outreach contact visits** , building trust where people are - **229** people **helped into or to maintain housing** - **2,678 harm-reduction** interventions (health advice, naloxone/needle exchange, Hep C testing) - **150+** individuals supported into external appointments (GP, dentist, recovery, etc.) - **800+** referrals for **clothing/essential items** via the Clothing Project - Ongoing **digital access, ID support and welfare advocacy** for hundreds of clients ## Profile, partnerships & advocacy (Apr 2024–Mar 2025) - A **public AGM** with strong community attendance (including the **High Sheriff** , **Mayor** , councillors, corporates and partner agencies), with catering provided by college students - **Open Day** at our Worcester Day Centre (Spring 2024) - **World Homeless Day** joint activity with partners - **BBC Hereford & Worcester** live breakfast broadcast from WDC, prompting supporters to fund **two new washing machines** for our centres - **MP visits** and deepening partnership with **Heart of Worcester College (SEND)** — now providing **Thursday lunches** across the academic year as part of students’ work experience ## Community & corporate support We continued valued work with **schools, churches and community groups** (including **Harvest** collections) and with **corporate partners** (meals, in-kind support and volunteer days), strengthening the mixedeconomy model that sustains frontline delivery. **Biggest community fundraiser: Sports Festival at MSJ Sports Centre (23 June 2024)** — **31 teams** took part, raising **£1,514** . 12 These outcomes are only possible thanks to the dedication of our staff and volunteers, and the generous support of local communities, commissioners and grant funders. Our impact goes beyond statistics: it’s in the relief when someone feels safe again; in the confidence of a person who secures a home; in the dignity of everyday achievements. **At Maggs, we believe in the power of one person believing in another — and that belief continues to change lives every day.** **----- Start of picture text -----**
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## Lives Changed — snapshots ## **Alan — from rough sleeping to stability** _**(name changed)**_ When Alan first met our Outreach team, he was living in a tent by the river with limited English, repeated thefts of his belongings, and no access to healthcare. Step by step, our staff has built trust: providing clothing, food, showers, and interpreters; attending GP and Jobcentre appointments with him; and linking him to council services. Through SWEP accommodation and ongoing advocacy, Alan engaged with substance-use and health support. Today he is back in work, reducing his alcohol use, and preparing to move into his own tenancy with renewed confidence. ## **Kevin — holding on and moving forward** _**(name changed)**_ Kevin’s journey began with rough sleeping, substance use, poor mental health, and a history of self-harm. Initially reluctant to engage, he accepted a phone, bank account support, and emergency accommodation. Maggs then worked with him on harm reduction, referrals to Cranstoun, medication, and routines. Despite setbacks, consistent contact helped him reengage with services. This year he has remained self-harm free for nine months, built resilience, and is progressing toward independent accommodation and healthier family relationships. 13 ## **In their words — service user** _“Maggs is the support system I don’t have elsewhere. When bills or letters feel overwhelming, they help me work through it without judgement. I’m always welcomed — that one-to-one support is the reason I’m still going.”_ **— Service user, 2025** ## **Volunteer voice — Howard, Hospitality Assistant** _“I started on Wednesday breakfasts and found a team that’s positive, welcoming and supportive — of customers and volunteers. I feel lucky to help out; the people here make Maggs a rewarding place to be.”_ ## **As we reflect on these achievements, the Trustees are also focused on the road ahead — ensuring Maggs continues to grow, adapt and respond to need. The following section sets out our plans for the future.** 14 ## 12. Plans for the Future – Strategic Review and Priorities In line with the Charity SORP, the Trustees set out below Maggs’ plans for the future. Building on the progress made in 2024–2025, we will continue to implement our new Strategic Plan (2025–2028) and invest in both our services and our organisation. Our future priorities encompass both financial sustainability and wider organisational aims. Strategic and Service Priorities - **Expanding and embedding services:** roll out new and targeted offers for women and young people; build on harm-reduction pilots; and further develop the Redditch and Bromsgrove outreach service. - **Co-production and service-user voice:** increase opportunities for people with lived experience to shape services, through structured involvement, feedback groups, and volunteering pathways. - **Stronger workforce development:** implement a national competency framework for frontline workers; strengthen supervision, reflective practice and training; and develop peer mentoring routes. - **Digital transformation and data:** invest in systems that improve case management, impact reporting and evidence-based decision making, while enabling us to tell the story of our impact more effectively. - **Property and hubs:** review and make best use of our estate, progressing plans for the new Redditch Hub and exploring further opportunities for hub-and-spoke delivery across Worcestershire. - **Partnerships and advocacy:** deepen collaboration with local authorities, NHS and VCSE partners; contribute to systemic solutions on single homelessness; and maximise the opportunities presented by our 40th anniversary to raise profile and build long-term partnerships. ## Our Commitment The coming year will be one of embedding and accelerating our new strategy. We are committed to ensuring that Maggs is well-led, financially resilient, and continuously improving — while always keeping the people we support at the centre of everything we do. Delivering these plans will require sound financial stewardship, and the next section provides an overview of Maggs’ financial performance in 2024–2025. 15 ## 13. Financial Overview In 2024–2025, Maggs Day Centre operated in a challenging economic climate, with rising costs and increased demand. Through prudent financial management and the sustained support of our commissioners, funders, donors and partners, we maintained a stable position. ## Income Our income remained diverse, including: - Statutory contracts for outreach, housing support and harm reduction - Grants from trusts and foundations - Public fundraising and community giving - Corporate partnerships and sponsorships - Donations from individuals and local groups Alongside cash income, we also benefited from significant in-kind support (e.g. premises and pro-bono contributions) detailed in Financial & other support. ## Expenditure Most expenditure was directed to frontline delivery — staffing, facilities, food provision and specialist programmes. We also invested in organisational development, data systems and staff training in line with our strategic priorities. Further detail on totals, movements and reserves is provided in the Financial Review (income/expenditure, surplus/deficit, cash, fixed assets, lending and free reserves). The breadth of non-cash contributions is set out in Financial & other support. 16 ## 14. Finance — statutory information ## Financial & other support Maggs continues to benefit from generous in-kind support and pro bono contributions alongside our financial income from voluntary and charitable organisations, local community groups, and churches, local businesses, and individual members of the public. This includes our three Worcester premises, 59/60 The Tything, St Albans Deansway and the Old Glove Factory, 13B Lowesmoor, provided by Worcester Municipal Charities for a nominal rent of £14. The total rent values shown appear as expenditure and an equal amount is shown as grant received. The total rental value is £41,000. Volunteers. Volunteers Provide invaluable assistance. Currently we have 27 volunteers who assist in various ways including making breakfast at the day centres sorting donations and helping service users in shop setting in the clothing project, running activities throughout our health hub service such as art therapy and pub quizzes and food pickups from local supermarkets. This additional support plays a vital role in helping us deliver our services and extend our impact across Worcestershire. ## Financial review Total income for 2045-24 was **£927,435** an improvement of £11,288 (2023–24: £916,147), with reduced expenditure of **£1,048,300** (2023–24: £1,049,327), resulting in a net **deficit of £120,865** down from a net deficit of £133,180 in 2023-24. Key movements included a small increase in staffing costs from £673,261 in 2023-24 to £699,252, and a decrease in repairs and maintenance, such as light, heat and rates, from £40,088 in 2023-24 to £28,220. Whilst there was an increase in bank loan interest from £6,351 in 2023-24 to £20,470 reflecting the full year cost of the second purchased property. There was a corresponding reduction in rents from £83,368 to £74,323 reflecting the end of a leased property used by MAP. Our cash and bank balances were reduced by £110,393 but still showing a sound positive figure of £444,894 at year end. Our fixed assets including social investments decreased slightly for the year from £487,050 to £483,880. Our total free reserves (total unrestricted funds less amount held as fixed assets) stand at £140,662 (2023-24: £300,300). The trustees review the reserves policy annually. 17 ## Reserves policy Whilst there is no mandated percentage to be held by the charity as a general principle the charity aims to hold between three and six months of total annual expenditure as a reserve (excluding designated reserves) to ensure there is no significant disruption in the charity's activities in the event of an unforeseen reduction of income or additional unexpected expenditure. The level of total free reserves (total unrestricted funds less amount held with intangible fixed assets at the year-end was £140,662. Whilst the trustees recognise that the charity free reserves do not meet the stated desired aim for 3 months expenditure, they recognise that the free reserves have reduced as a direct consequence of invested in tangible assets (property that will generate social activity incomes) which in the medium to long term will help to sustain and develop the organisation. The board have a full clear full picture and is realistically balancing short term, versus medium /long term financial planning, whilst maintaining and monitoring a clear understanding of risk. It will set prudent budget and income generation strategies that will help gradually reduce our deficit and move toward our desired reserves policy over the next three years. ## 15. Fundraising Standards Maggs Day Centre is registered with the Fundraising Regulator and is committed to following the Code of Fundraising Practice and the Fundraising Promise. We closely monitor our fundraising activities to ensure they are legal, open, honest and respectful. The charity did not receive any complaints about its fundraising in 2024–2025. ## 16. Distribution of Information The Trustees are responsible for ensuring the Annual Report and financial statements are made available to all stakeholders, including members of the public, funders, and statutory partners. Copies are distributed electronically and in print, published on our website, and shared via our e-newsletter and social media channels. Requests for hard copies can be made directly to the charity. ## 17. Risk Management The Trustees undertake a thorough review of the risks facing the charity annually. Key risks include funding volatility, recruitment and retention, safeguarding concerns, and reputational challenges. Maggs mitigates these risks through robust policies, financial reserves, staff training, and governance structures. Risk is regularly reviewed by the Board and relevant sub-committees. 18 ## 18. Investment Policy Maggs’ investment policy prioritises the preservation of capital and liquidity while seeking modest returns. The charity holds funds in interest-bearing accounts and does not currently invest in equities. The policy is reviewed annually to ensure alignment with Maggs’ ethical values and financial needs. ## 19. Trustee 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 Charity SORP. - Make judgements and estimates that are reasonable and prudent. - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure the financial statements company with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## 20. Disclosure of Information to Auditors Each Trustee confirms that: - So far as they are aware, there is no relevant audit information of which the charity’s auditors are unaware. - They have taken all reasonable steps to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. ## 21. 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 ______________ and signed on its behalf. **Jane Kemp, Chair of Trustees** 19 ## A Big, Loud Thank You Maggs runs on people. If you’ve cooked, driven, sorted, stitched, phoned, fundraised, listened, advocated, welcomed—or simply cheered us on—you’re in this story. ## Our staff From pre-dawn kettle-boilers to calm-in-acrisis problem-solvers, you bring resilience, compassion and sheer graft to the hardest days. You hold the line and lift the standard. ## Our volunteers The green-apron brigade and behind-thescenes heroes: donation sorters, drivers, fixers, listeners, gardeners, bakers, data dab-hands and event dynamos. You gift us time, energy and heart. ## Our corporate friends Payroll givers, sock-box champions, team-day doers, raffle prize magicians and matchfunding legends—you prove business can be a force for good. ## Our funders & donors From major grants to a fiver in a collection tin, you turn ideas into action: hot meals, outreach miles, safer nights, and specialist support when it’s needed most. ## Our partners & stakeholders Councils and housing providers, NHS and emergency services, colleges and schools, faith groups, community organisations and local businesses—you bring expertise, reach and solidarity. Together we move faster and go further. ## And to the people who use our services Your courage, honesty and trust shape everything we do. Your voices guide our choices. You are the reason Maggs exists. For a small Worcestershire charity, this is a remarkably wide community. Every meal served, every safe night’s sleep, every new beginning—happens because thousands of acts (large and small) stack up, day after day. **Maggs is more than a charity; it’s a county-wide coalition of hope, humanity and possibility. Thank you for being part of it.** 20 Report of the Independent Auditors to the Members of Maggs Day Centre Opinion We have audited the finanoal ststements of Maggs Day Centre {the 'charitable company'l for the year ended 31 st March 2025 which comprise the Statement of Financial Acb'mb'es, the Balance Sheet, the Cash Flow Statement and notes to the financial statements. including a summary of significant accrAJnting policies. The financial reporting framework that has been applied in their preparation is apF4icable law and Untled Kingdom Acc￿jntirNj Standards (United Kingdom Generally Accepted A￿oUntIng Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitable compan￿5 affairs as at 31 st March 2025 and of its incoming resour￿ and applicats.on of resources. including its income and expenditure. for the year then ended,. have been property prepared in accordance with Unrted Kingdom Generally A￿pted Accounting Practice," and have been prepared in a(xordance with the requirements of the Companies Act 20￿. Basis for opinion We conducted our audrt in a¢xordance with Intematronal Stsndards on Audibng (UK) {ISAs (UK)) and applicable law. Our responsibilitse5 under those standards are further described in the Auditor5. resFK)nsibilits'es for the audit of the financial statements section of our report. We are independent of the charitable company in a¢xordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wtlh these requirefnents. We believe that the audit evidence we have obtained is SLrfficient arKI appropriate to provide a ba￿S for opin￿n. Conclusions relating to going concern In audibng the financial statements. we have concluded that the trustees. use of the going ￿nCeM basis of accounting in the preparabon of the financial statements is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant d￿bt on the charitable company's ability to continue as a going concem for a period of at least hvelve months from when the financial statements are authorised for issue. Our responsibilities and the resp￿sIbIli￿.eS of the trustees with respect to goirKJ ￿nCern are described in the relevant sections of this report. Other information The trustees are responsible for the other informats'on. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Audrtors thereon. Our opIn￿n on the financial statements does not cover the other infomation and. except to the extent otheThvise explicatly stated in our report, we do not express any fom of assura￿ conclusion thereon. In connection with our audit of the financial statements, our responsibilty is to read the other information and, in doing so, consider whether the other informatson is materially inconsistent wth the financial statements or (xjr knowledge obtsined in the audit or otheNise appears to be matenally misstated. Ifwe identfy suth material inconsistewes or apparent material misstatements, we are required to detemiine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the worf( we have perfomied, we conclude that there is a material misstatement of this other informabon, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the c￿r$e of the auditi the informabon given in the Report of the Trustee5 for the financial year for which the financial statements are prepared is consistent with the financial statements.. and the Report of the Trustees has been prepared in accordance wtlh applicatle legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identtfied material mi5Statements in the Report of the Trustees. We have nothing to report in respect of the followng matters where the Companies 2￿6 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 received from branche5 not V151ted by us- or the financial statements are not in agreement the accounting records and retums" or certain disclosures of trustees, remuneration specified by law are not made," or we have not received all the infomation and exyanations we require for our audit.. or the tnjstees were not entrtled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in prepanrwJ the Report of the Trustees. 21 Report of the Independent Auditors to the Members of Maggs Day Centre Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the puq)oses of company law) are responsible for the preparatr.on of the financial statements and for being sats'sfied that they give a true and fair view. arKJ for such inlemal control as the trustees delermine is necessary to enable the preparab.on of financial statements that are free from material misstatement, ￿ether due to fraud or error. In preparing the financial statements, the trustees are reswnsible forassessing the chantable company's ability to continue as a going concern, disclosing, as applICa￿e, matters related to going concem and using the going concem basis of accounting unless the trustees either intend to I￿vidate the thantable company or to cease operab'ons. or have no realistic allemative but to do so. Our responsibilitie5 for the audit of the financial statements Our objectives are to obtain reasonable assurance at#)Ut whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent AL*Jitors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee Ihat an audit conducted in accordance with ISAS (UK) will a￿ayS detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonatrAy be expected to influence the economic decisions of user5 taken on the basis of these financial statements. Irregularities, including fraud, are InStan￿S of non-compliance wrth laws and regulats"ons. We design procedures in line with our responsibilities. ouuined atDve. to detect material misststements in respect of irregularities. including fraud. However, it is the primary responsibility of management. with the oversight of those charged with govemance. to ensure that the entity's operations are conducted in accordance the provisions of laws and regulations and for the prevenb'on and detection of fraud_ In identifying and assessing risks of material misstatement in respect of irregularities. including fraud. we have: obtained an understanding of the nature of the iThJustry arKI sector. induding the legal and regulatory framework that the c£*mpany operates in and how the company is complying wth the legal and regulatory framework," and inquired of management. and those charged wth governan￿. at£)ut their own idents"ficabon and assessment of the risks of irregularilies. including any known actual. suspected or alleged instances of fraud. As a result of these wocedures we ￿nsider the rrtht significant lavts and regulations that have a direct impact on the financial statements are the Charities SORP {FRS 1021 'Accounting and Reporb'ng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Repo￿.ng standard applicable in the UK and Republic of Ireland (FRS 102) leffecb.ve 1 January 20191,. Financial Reporb"ng Standard 102 The Financial Reporting Standard applicable in the UK and ReputAic of Ireland,, the Companies Act 2006 land related legislation), the Chants"es Act 2011 (and related legislation) and regulatsons relab.ng to the employment and payment of staff induding, but not limited to. the EmKloyment R￿h1$ Act 1996. the Nalional Minimum Wage Act 1998 and the Pensions Act 2008. We performed audil procedures to detect non-rx)mplIan￿ which may have a material impact on the finanrial statements. which included reviewing the financial statement disclosures and sample tests'ng of monthly payroll records for the calculation of gross wages. payroll taxes and pension costs. We identified the greatest risk of material impact on the financial statements from irregularities, induding fraud, to be allocation by management of wage and overhead costs to individual restricted funds. We have reviewed management's calculation methodology for allocabng wage and ovethead costs between individual restn'cted funds. Because of the inherent limitab.ons of an audit, there is a risk that we wll not detect all irregularits"es. induding those leading to a material misstatement in the financial slatements or non<0mplian￿ wtth regulation. This n5k increases the more that compliance with a law ￿ regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-complian￿. The risk is also greater regarding irregularities occurring due to fraud rather than e￿Or, as fraud involves intentional concealment, forgery, ￿llUSIon, omission or misrepresentats'on. A further description of our responsibil￿"eS for the audit of the finanaal statements is l¢xated on the Financial Reporting Counal's website at www.frc.org.uklauditorsresp0nsibil￿.es. This descripb.on forms part of our Report of the Independent Auditors. 22 Report of the Independent Auditors to the Members of Maggs Day Centre Use of our report This report is made sdely to the charitable companys member5, as a b¢)ly. in accordan￿ wrth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required lo state to them in an audtlors, report and for no other purpose. To the fullest extent permitted by law, we do not accepi or assume responsibilty to anyone other than the charilable company and the charitable company's members as a tK)dy, for our audit work, for this report, or for the opinions we have fomied. Melissa Jean G(xlwn ACA ACCA (Senior StatLrtory Auditor) for and on behalf of Richards Sandy Audit ser￿￿5 Limited (Statutory Auditor) Thomeloe House 25 Barbourne Road Worcester WR1 1RU Date:............................................. 23 Maggs Day Centre Statement of Financial Activities for the Year Ended 31 st March 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 282.574 171.648 454.222 470.785 Charitable activities Maggs Day Centres Maggs Accommodation Project Maggs Outreach Transition Services 2.203 139.402 145 18.691 20.894 139.402 303,269 496 145,351 289,468 303,124 Other trading activities Investment income 1,514 8.134 1,514 8.134 864 9.183 Total 433.972 927.435 916 147 EXPENDITURE ON Raising funds 68.931 68.931 45.511 Charitable a¢tivities Maggs Day Centres Maggs Accommodation Project Maggs Oulreath and Transition Services 287,077 188.329 53.917 40,191 20.727 389,128 327,268 209.056 443.045 286,811 187,544 529,461 Total 598.254 1048.300 1049 327 NET INCoMEI(EXPEND￿uRE) (164.2821 43.417 (120.865) 1133.1801 Transfers between funds 27 1.474 Net movement in funds (162.808) 41.943 (120.865) 1133,1801 RECONCILIATION OF FUNDS Total fijnds brought forward 787,350 58,300 978,830 TOTAL FUNDS CARRIED FORWARD 624.542 100.243 724.785 845,650 The notes form part of these financial statements 24 Maggs Day Centre Balance Sheet 31st March 2025 2025 2024 Notes FIXED ASSETS Tangible assets Social investments 18 19 41,975 441,905 45,145 441,905 483.880 487,050 CURRENT ASs￿s Debtors Cash al bank 20 93,759 444,894 97,205 555,287 538.653 652,492 CREDITORS Amounts falling due within one year 21 161,017) {63,205) NET CURRENT ASSETS 477.636 589,287 TOTAL ASSETS LESS CURRENT LIABILITIES 961,516 1,076,337 CREDITORS Amounts falling due after more than one year 22 (223.215) {230,687) PROVISIONS FOR LIABILITIES 25 (13,516) NET ASSETS 724.785 845,650 FUNDS Unrestricted fijnds Restricted funds 27 624,542 100.243 787,350 58,300 TOTAL FUNDS 724,785 845,650 These financial statements have been prepared in accordan￿ wth the provisions applicable to charitable companies subject to the small companies regime. The financial stalements were approved by the Board ofTrustees and authorised for issue on ............................................. and were signed on its behalf by_. Ms Nicola Malyon - rustee The notes form part of these financial statements 25 Maggs Day Centre Cash Flow Statement forthe Year Ended 31st March 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operakn.ons 75.657) 134.3781 Net cash used in operatirrfJ activtbes 75,657) 134,3781 Cash flows from investing activities Purchase of tangible fixed assets Purchase of social investments Interest received 117,642) 120,095) {229,553) 9,183 8,134 Net cash used in investing acb"vib"es 9,508) 240.4651 Cash flows from financing activities New loans in year Loan repayments in year Interest paid 235,316 {4.758) 20.470 6.351 Net cash (used inyprovided by financing activities 25,228) 228,965 Change in cash and cash equivalents in the reporting period (110,393) (145,8781 Cash and cash equivalents atthe beginning of the reporting period 555.287 701.165 Cash and cash equivalents atthe end of the reporting period 444,894 555,287 The notes form Dart of these financaal statements 26 Maggs Day Centre Notes to the Cash Flow Statement for the Year Ended 31st March 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTivrriES 2025 2024 Net expenditure for the reporting period (as per the Statement of Financial Activities) (120,865) {133,180) Adjustments for: Depreciation charges Inlerest re￿IVed Interest payable Increase in provision5 Decrease/{increasel in debtor5 Decrease in creditors 20,812 18,134) 20.470 13,516 3,446 4.902 21,315 {9,183) 6,351 117,362) 2,319 Net cash used in operations 75,657) 134,378) ANALYSIS OF CHANGES IN NET FUNDS other non-cash changes At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank 555,287 110,393 444,894 555,287 110 393 444,894 Debt Debls falling due wilhin 1 year Debts falling due after 1 year (4.629) 230,687 4.758 (7.472) 7,472 17.343) 223,215 235,316 4,758 230,558 Total 319.971 105.635 214.336 The notes forn Dart of these financial statements 27 Maggs Day Centre Notes to the Financial Statements for the Year Ended 31 st March 2025 STATUTORY INFORMATION Maggs Day Centre is a chantable company limrted by guarantee registered in England and Wales. In Ihe event of the charitable company being Wlwnd up. the liability in respect of the guarantee is limited to £1 per member. The charitable companys registered Offi￿ is The Old Glove Factory, 13b Lowesmoor, Worcester, WR12RS. ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charitable company. which is a public benefit ents.ty under FRS 102, have been prepared in accordan￿ wth the Charib'e5 SORP IFRS 102)'Accounting and Reporting by Charilies." Slalemenl of Recommended Practice applicable trj charth.es preparing their accounts in accordan￿ with the Financial Reporb"ng Standard applicable in the UK and Republic of Ireland IFRS 102) (effecbve 1 January 2019),, Financial Reporting standard 102 The Financial Reports"ng Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost rx)nvenb"on. GOING CONCERN These financial statements have teen prepared on a going concem basis. Although the charity made large total and unrestricted fijnd defiats in the year, from April 2025 the charity secured local council funding for additional projects being undertaken in the 2025126 year end, will likely renewal of these funding for future years, although this is not guaranteed. The charity is also l(x)king to reduce overall costs. including reviewing staff postb'ons against aVaila￿e project funding. On this basis, the trustees expect that the charity's fLrture total and unrestricled fuThl deficits to be significanly lower than that of the current financial year. The trustees also ￿lIeVe that the chanty has sufficient reseNes to cover any deficits made within the next few financial years. In making this assessment, the trustees have considered the level of funds held and the expected level of income and exFenditure for a perioj not less than 12 months from the date that these financial statements have been authorised. INCOME All income is recognised in the Statement of Financial Activikn'es once the charity has ents'tlement to the funds, it is probable that the in￿rne will be re￿iVed and the amunt can be measured reliably. Income from grants ar)d donations is recognised in the period in which the chartty is enkn.￿ed to receipi and the amount can be measured Nwlh reasonable certainty. Inu)me from grants is only deferred Nthen the charity has to fulfil conditions not yet met before bec£sming entitled to it or where the donor has specified that the income is to be expended in a future perioj. Legacies are recognised when probate is granted and there is SUffi￿ent infomation to measure them. Where there is insufficient infomiation to reliably measure any outstanding legacies. these are instead treated as contingent assets land details of any suth legacies VAII be disdosed in the notes lo these financial statements). Income relating to services provided in course of undertala.ng direct charitable acbmbes represents the value of services provided to the extent that there 15 a right to consideration and is recorded at the fair value of the considerats.on received or re￿1Vable. Income from frjndraising events is recognised on the day that the rdats.ng event is undertaken. Rental income is measured on a straight line bags over the penod of the lease. EXPENDITURE Liabilikn"es are recrNJnised as expendrture as soon as there is a legal or construth.ve ct)ligation commith.ng the charity lo that expenditure. it is probatAe that a transfer of economic benefits wll be required in settlement and the amount of Ihe obligation can be measured reliably. Expendrture is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category Where costs cannot be diredy attributed to particular headings they have been allocated to aclivtbes cm a basis consistent with the use of reSoUr￿s. 28 Maggs Day Centre Notes to the Financial Statements - ¢ontinued for the Year Ended 31st March 2025 ACCOUNTING POLICIES - continued TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property Plant and machinery Computer equipment 33% on cost. 20% on cost. 15% on cost and 12.5% on cost 33% on cost and 20% on cost 33% on cost and 20% on cost SOCIAL INVESTMENTS IN PROPERTY Social investments in property are held primarilyforthe provision of social benefrts in aC￿rdance with the objectives of the chanty, although rental income is received in regard to these prcperb"es. Social investments in property are measured at cost less and provisions for depreciation or impairment. Social investments in propety are considered to have a residual value not less than historical cost. They are also subject to a programme of repairs de&gned 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 tsx on its charitable &tr¥ities. FUND ACCOUPtnNG Unrestncted funds can be used in a￿rdance wth the charitable objectives at the di5uetion of the trustee5. Restricted funds can only be used for particular restricted purposes wtlhin the objects of the chartty. Restrictions anse when specified by the donor or when fijnds are raised for parb"cular restricted purposes. Further explanation of the nature and purpose of eath fijnd is induded in the notes to the financial statements. FINANCIAL INSTRUMENTS The charity has elected to apply the provisions of Section 11. Basic Finanaal Instruments. and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instsijments are rec(xJnised when the tharity tecomes party to contractual provisic￿S of the instNment. Financial assets are offset. with the net anK)unts presented in the accounts where there is a legally enforceable right to set off the reco3nised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic Financial Assets Basic financial assets. which indude trade and other r￿1vableS and cash and bank balan￿s. are initr.ally measured at transaction Pri￿ including transaction costs and are subSequen￿Y carried at amortised cost using the effective interest method unless the arrangement consts"tutes a finan¢ing transaction, where the transaction is measured at the present value of the future receipts dIsc￿nIed at a market rate of interest. Basic Financial Liabilities Basic financial liabilits"es, including trade and other payables, are initially recognised at transaction price unless the a￿angement constitutes a financing transacb"on, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are sUbseqUen￿Y carried at amortised cost, using the effeth.ve interest rate method. Trade payables are obligab'ons to pay for gocmts or ServI￿S that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilitr'es if payment is due within one year or less. If not, they are presented as non-cyjrrent liabilities. Trade payables are recognised initially at transaction. PENSION COSTS The chantable company operates a defined contribution pension scheme. Contribjtions payable to the charitable company's pension scheme are charged to the Ststement of Financial Athvites in the period to which they relate. DONATED GOODS AND SERVICES Donated rentsl facilities are ff£asured the basis of the value of the grft to the charity, being amount that the chanty would pay in the open market for allemative rentsl facilrties for an equivalent proFerty. The (x)ntributiorF of unpaid general volunteers are not recognised on the basis that it is impractical to measure reliably the fair value of donated gc(xls. 29 Maggs Day Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2025 ACCOUNTING POLICIES - continued Donated goods received for the purpose of free disth'bution to beneficiaries are not recognised on the basis that it is impractical lo measure reliably the fair value of donated goods. STAFF TERMINATION COSTS Staff temination costs are recognise temiination benefits as a liability and an expense immediately upon a detailed formal plan for the temiination has been agreed upon the staff members effected by the agreement and the charity has no realists'c possibility of wthdrawal from that plan. Staff temiination costs are measured at the best estimate of the expendtlure that would be required to settle the obligation at the repK)rting date. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Estimates and judgements are continually evaluated and are based on hislorical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical areas of judgement Granl incorne from National Lottery Community Fund for a 5 year project is conditional on the charity receiving addth.onal Servi￿ contract funding from local councils that may be withdrawn at short nob.ce {and also deemed subject to performance related conditiorts). The National Lottery Comrnunty Fund is paying this grant to the charty in half annual instalments of equal value_ The Nats"onal Lottery Community Fund grant income is therefore being recognised on a straight line basis over the deemed lrfe of the project, on the basis that the charity may not be entitled to the element of this In￿Me allocated to future periods under this treatment should the local councils wilhdraw funding for this projed prior to the end of the 5 year perilxl. At the year end the charity is expected to receive future project funding from Natr"onal Lottery Community Fund over the next year {2024 - 2 year) totallir¥J £95,00012023 - £190.000}. subjeL* to the (x)ntinued SUPFrf)rt of the looxl councils. The allocation of staff costs between individual unrestricted and restricted funds is based on the estimated split of staff time for each individual employee of the charity be￿een such funds. The allocation of general support costs be￿een individual unrestricted and restricted funds is made in proportion of total staff ￿sts of staff undertakn'ng direct charitable activities {subject to there being available reserves held by each individual fijnd for such an allc¢ationl. Social investments in propety are ¢￿Sidered lo have residual value {i.e. the expected future selling price of the propety at the point where the charty no Ic￿ger rwls rt} not less than historical cost. On this basis. no depreciation are charged on these properties. DONATIONS AND LEGACIES 2025 2024 Donab"ons Legacies Grants Donated rental facilities (Worcester Muniapal Charities) Donated seryices (waived audrt fees) 106,673 27,614 274,935 41,000 4.000 82,737 1.901 359,147 27,0(M) 454.222 470,785 Grants received, included in the above. are as follows." 2025 2024 National Lottery Community Fund The Mary Hill Trust Worcester Muniapal Charities Eveson Charitable Trust Sundry other non-govemment grants (less than £20.000 each) 95,000 38.000 35,211 170,000 33,OCM) 30.0 126,147 106,724 274.935 359.147 30 continued... Maggs Day Centre Notes to the Financial Statements - continued for the Year Ermled 31st March 2025 OTHER TRADING ACTIVITIES 2025 2024 Netball toumament income 1,514 864 INVESTMENT INCOME 2025 2024 Bank interest 8,134 9,183 INCOME FROM CHARITABLE ACTivmES Maggs Outreach and Transition Services Maggs Maggs Day Accommodation Centres Project 2025 Total activities 2024 Total activities Social housing rental income Sundry income from seNices Grants 139,402 139,402 3.656 320,507 143,297 2.550 289,468 3.656 17,238 303,269 139402 303 269 463,565 435315 Grants received, included in the above, are as follows: 2025 2024 Wyre Forest District Counal - Navigation Service wOr￿ter City Council - IntsNention & Transition Worker Worcestershire County Council - Harm Reducb'on Worker Sundry other govemment grants (less Ihan £20,OCKJ each) 80,548 74.365 120,685 44,909 99,599 96,407 76,500 16,962 320,507 289,468 RAISING FUNDS RAISING DONATIONS AND LEGACIES 2025 2024 staff costs Website redesign Adveitising Sundry 59.510 29,474 12,000 1,898 2,139 5.915 3,506 68.931 45.511 CHARITABLE ACTIVITIES COSTS Direct costs (see note 10) Support costs (see note 111 Totals Maggs Day Centres Maggs Accommodation Project Maggs Outreath and TranSit￿n SeNces 298,563 141.739 315,181 28,705 67.317 127,864 327,268 209,056 443,045 755,483 223,886 979,369 31 continued... Maggs Day Centre Notes to the Financial Statements - continued for the Year Ended 31 st March 2025 10. DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 staff costs Rent Insurance Light, heat and rates Telephone and intemet Repairs and maintenance Food for the day ￿ntre staff training and expenses Cleaning Travel Sundry outreach expenses Depreciation 502,662 74.323 17,908 42.469 8,652 514,907 83,368 16.218 47.486 9,762 li 28.220 9,201 9.564 12.855 17,768 11,049 20.812 40.088 7,952 14.485 8.700 16,019 18.188 21,315 755,483 798,488 11. SUPPORT COSTS 2025 2024 Staff costs Postage and ststionery Sundnes Legal and professional fees Staff recruitment Bad debts Bank charges Computer So￿are licences Bank loan interest Auditors, remunerats'on 137,080 2.723 2.500 22,900 10,078 128,880 3.181 824 29,385 9,360 3.864 201 19.472 6,351 3.810 287 18.178 20,470 9.670 223,886 205,328 12. NET INCOMEI(EXPENDITURE) Net incomellexpenditure) is stated after Chargi[￿(credIting>". 2025 2024 Deprecialion - owned assets Propety rental costs - paid for by the charity Propety rental costs - donaled seNices Donated se￿iCeS - waived audit fees 20,812 33.323 41,000 4.000 21.315 56.368 33.440 13. AUDITORS. REMUNERATION Amounts paid to the auditor in the year are as follows: 2025 2024 Auditols remunerati invoiced waived fees re gift in kind Other ServI￿S 5.670 4.000 10.644 3.810 5.514 20.314 9,324 32 continued... Maggs Day Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2025 14. TRUSTEES. REMUNERATION AND BENEF￿s There were no trustees. remunerab'on or other beneffts for tt)e year ended 31st March 2025 nor for the year ended 31st March 2024. TRUSTEES. EXPENSES During the year 1 trustee was reimbursed travel expenses of £134 (2024 - 1 trustee was reimbursed travel expenses of £208) in relation to her work as a volunteer. 15. STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 635.101 51,388 12,763 618,088 44,137 11,036 699,252 673,261 Average number of employees 2025 25 2024 26 Average number of employees Employees earning above £60.000 During the year no employees received emoluments (excluding employer Nl and pension costs) in excess of £60.000. Last year 1 employee received emoluments {excluding employer Nl arvj pension costs), including redundancy costs, be￿een £70.000 arKI £80.OCXJ. Key management personnel remuneration Tolal emoluments (including employer Nl and pension (x)sts) paid to the chief executs've was £61.696 (2024 £88,699), including redundancy costs of £nil {2024 - £49,972) Staff termination costs Included in wage costs are staff redundancy costs totalling £13,51612024 - £59,622). 33 continued... Maggs Day Centre Notes to the Financial Statements - continued for the Year Ended 31 st March 2025 16. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvmES Unrestnct& fijnds Restricted funds Total funds INCOME AND ENtK)WMENTS FROM Donations and legacies 218,523 252,262 470,785 Charitable activities Maggs Day Centres Maggs Accommodation Project Maggs Outreach and Transition Services 496 145,351 496 145,351 289,468 289,468 Other trading activrt]'es Investment income 864 9.183 864 9,183 Total 374417 541,730 916 147 EXPENDITURE ON Raising funds 45.511 45.511 Charitable activities Maggs Day Centres Maggs Accommodation Project Maggs Outreach and Transition SeNices 186.269 169,544 21.871 100,542 18,000 507,590 286.811 187,544 529.461 Total 423.195 626,132 1.049.327 NET INCOMEI(EXPENDITURE (48,778) (84,402) 1133,180) Transfers between funds 20,777 20,777) Net movement in funds (28.001) (105,179) (133,180) RECONCILIATION OF FUNDS Total funds brought forward 815,351 163,479 978,830 TOTAL FUNDS CARRIED FORWARD 787,350 58,3CKI 845,650 17. CONTINGENT ASSETS The charity had been nob.fied of 2 legacies12024 - 3 legacies) due to the charity relating to individuals who died prior lo the year end Ihal had not been induded in income ￿ the basi5 that the charity has nol yel received sufficient information as to enable a valuakn.on of the chanty's ents"tlement to tre made. 34 continued... Maggs Day Centre Notes to the Financial Statements - continued for Ihe Year Ended 31st MaKh 2025 18. TANGIBLE FIXED ASSETS Improvements to property Plant and machinery Computer equipment Totals COST Al 1 st April 2024 Addilions 111.001 12,843 54.879 4.009 53.013 790 218,893 17,642 At 31st March 2025 123,844 58.888 53.803 236,S35 DEPRECIATION Al 1 st April 2024 Charge for year 103,660 3.111 40,067 4.369 30,021 13.332 173,748 20.812 At 31st March 2025 106,771 43,353 194,560 NET BOOK VALUE At 31st March 2025 17.073 14.452 10.450 41.975 Al 31st March 2024 7.341 14.812 22.992 45,145 19. SOCIAL INVESTMENTS Social investment propety MARKET VALUE At 1 st April 2024 and 31 st March 2025 441,905 BOOK VALUE At 31st March 2025 441,905 At 31st March 2024 441,905 20. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Accrued income Prepayments 58.525 15.418 19.816 57,190 14,487 25,528 93.759 97,205 35 conkn'nued... Maggs Day Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2025 21. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans and overdrafts (see note 23) Trade creditors Social security and other taxes other creditors Pension creditor Accrued expenses Deferred income 4,629 20,4Tt 14,640 11.905 14,262 188 5,411 21.188 720 4,784 10,479 8,196 61.017 63.205 Deferred income Deferred income relates to performance related grant that relates to services provided in future financial years totalling £nil {2024 - £8.1 g61 and fuThlraising event income relatrng to future events totalling £720 {2024 - £nil) All deferred income at the end of last year has been released to income within the current financial year. 22. CREDITORS: AMOUNTS FALLING DUE A￿ER MORE THAN ONE YEAR 2025 2024 Bank loans (see note 23) 223,215 230,687 23. LOANS An analysis of the maturity of loans is given below: 2025 2024 Amounts falling due within one year on demand: Bank loans 4,629 Amounts falling due be￿een Iwo and five years: Bank loans 36.029 23,125 Amounts falling due in more than five years" Repayable by instalments- Bank loans 187,186 207,562 Secured l¢)ans Bank loans are secured by way of legal mortgages over the soaal investment in propety and fixed charges over all trade and assets associated with those properh"es. 36 conb'nued... Maggs Day Centre Notes to the Financial Statements - continued for the Year Ended 31 st March 2025 LEASING AGREEMENTS Minimum lease payments uThJer nOn￿an￿lIable operabng leases fall due as follows" 2025 2024 Within one year 2,387 2,387 The charity rents several residential pr(4)erties used for Maggs Accommodation Project. In addition Worcester Muniapal Charits'es (CIO) provides the chanty use of St Ajbans Deansway for rent of £1 pa until 2030 (where it is then expected to be renewed unts'l 21591 and use of 59160 The Tything for peppercom rent (not subject to a formal lease agreement). During the year the charity entered into an agreement with Worcester Municipal Chari*"es {ClO) to rent offices at Old Glove Factory, 13 & 15 Lowesmoor at wll subject to a 6 month notice period for rent of £1 per month (rf demanded). Last year the charity used Old Glove Factory for 3 months pnor to the lease being agreed. The estimaled fair market value of the waived rent of this building provided by Worcester Muniapal Charibes {CIO) is £41.0(K)12024 - £27.(KIO). 25. PROVISIONS FOR LIABILMES Redundancy provision Balance as at 1 st April 2024 Provided during period 13,516 Balance as at 31st March 2025 During the year the chanty arranged for one of its staff member5 to be made redundant in April 2025. 26. ANALYSIS OF NET ASSETS BETWEEN FUNDS Restricted funds Unrestricted funds Totsl funds Tangible fixed assets Social investments in property Debtors Cash at bank Creditors - due wthin one year Creditors - due after more than one year Provisions Inter-fund loans 41.975 441,905 46.119 372.177 (61.017) 1223.215) {13.516) 20,114 41.975 441.905 93,759 444.894 (61,017) 1223,2151 (13,516) 47.640 72.717 20,114) Total funds 100.243 624,542 724.785 Inter-fund loans relates to cash that would otherwise be allocated to unrestricted funds being used to make restricted fund payments in a(fvan￿ of the related income that is due to the charity being received. 37 conb'nued... Maggs Day Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2025 27. MOVEMENT IN FUNDS Net movement in funds Transfer5 be￿een funds At 31.3.25 At 1.4.24 Unrestricted funds General fvnd Property sinking fund reserve 759.217 28,133 (164.282) 1.474 596.409 28,133 787.350 (164.282) 1.474 624.542 Restricted funds Hami Reduclion Worker Household support fund John Horseman Trust Maggs Accommodation Project Malvern Day Centre Move On Rough Sleeper Rowlands Trust Sundry small restricted fijnds 15,642 (15,642) 7.590 (5.651) 40,000 {5.112) 6.000 16,526 {1.990) 1,696 7,590 4,349 42,498 16,923 6.000 16,526 219 6,138 10,000 2.498 22.035 3.000 5,125 1791) TOTAL FUNDS 845.650 120.865) 724.785 Nel mvement in funds, induded in the atove are as follo￿. Incoming resources Resources expended Movement in funds Unrestricted funds General fvnd 433.972 (598.254) (164.282) Restricted funds Harm Reduclion Worker Household support fund ITT W0￿erS John Horseman Trust Maggs Accommodation Project Malvern Day Centre Move On Navigation Rough Sleeper Rowlands Trust Worcesler day centre Sundry small restricted fijnds 120,885 8.000 74.365 (136.527) 1410) 174.365) (5.651) {13.000) {25.805) {15.644) 7,590 15,651) 40.000 15,112) 6,000 53.000 20,693 6.000 175,548 16.526 (175,548) 16.526 11,990) 11,990) {11.922) 4,828) 11.922 6,524 1,696 493.463 450.046 43.417 TOTAL FUNDS 927.435 1.048.300) 120.865) 38 cOn￿.nued... Maggs Day Centre Notes to the Financial Statements - continued forthe Year Ended 31st March 2025 27. MOVEMENT IN FUNDS - Continued Comparatives for movement in funds Net movement in funds Transfe behveen funds At 31.3.24 At 1.4.23 Unrestricted funds General fijnd Outreach setvices reserve fund Propety purchase reseNe Property sinking fund reserve 580,143 107,075 100,000 28,133 (48,778) 227,852 {107.0751 {100.0001 759,217 28,133 815.351 {48.778) 20.777 787.350 Restricted funds Equipment for the day centre Hami Reduction Worker John Horseman Trust Maggs Accommodab"on Proje Malvern Day Centre Navigation Rowlands Trust Sundry small restricted funds 1,165 (888) 15,642 10,000 22,998 (21.5761 {114.427) 3.000 1277} 15.642 10,000 2,498 22,035 (20.500) 43,611 114,427 3,000 5,125 4.276 163,479 84,402 20,777 58,300 TOTAL FUNDS 978,830 133,180) 845,650 Comparative net movement in funds, included in the above are as follows.. Incoming resources ReSoUr￿S expended Movement in ftjnds Unrestricted funds General fund 374.417 {423.195) (48.778) Restricted fvnds Equipment for the day centre Hann Reduction Worker Inclusive Communities ITh Worker5 John Horseman Trust Maggs Accommodabon Proje Malvern Day Centre National Lottery Community Fund - MagJs Outreach arKJ Transition Servi National Lottery Community Fund - Cost Of Living Navigation Rowlands Trust Sundry small restricted fvnds (888} (60.8581 {7,0001 (96,4071 (888) 15,642 76,500 7,000 ,407 10,000 38,498 7.622 10,000 22,998 (21,576) (15.5001 (29.1981 95,000 75,000 125,258 5,500 4.945 (95,0001 (75.0001 (239,6851 (2,5001 (114,427) 3,000 541,730 626,132 84,402 TOTAL FUNDS 916.147 1,049.327) 133,180) TRANSFERS BETWEEN FUNDS A total of £1.474 has ￿en transferred to general unrestricted funds in regard to tsngible fixed assets purchased out of various restricted fUr￿s. 39 conts'nued... Maggs Day Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2025 27. MOVEMENT IN FUNDS - continued Desi nated Funds Property purchase reserve Relates to funds set aside by the trustees furKI future purchases of propety to be used to provide social housing. Property sinking fund Relates to funds set aside by the trustees to fund infrequent major property repair5 of the premises that the charity holds under operabng leases. Outreach services reserve fund Relates to funds set aside by the trustees to ertsure that there is sufticient funding for outreach servI￿s. Restricted Funds Equipment for the day centre Funding received from various grant providers for the purchase of equipment for the Day Centre and rental properties. Harni Reduction Worker Funding received from Worcestershire County Council to finance a Ham Reduction Worker staff member. Household Support Fund Funding received from Worcester Cty Council to help wth hcMJsing arKJ homelessness in Worcester. Inclusive Communities Funding received from Worcestershire Communty Foundabon to fund an inclusive communities project. Irr Workers Fund Funding received from Worcester Cty Council to finance Intervention and Transition Worker staff members. John Horseman Trust Funding received from John Horseman Trust to help fund Ihe chantys a(zommodation project. Maggs A¢¢ommodation Project Funding received from various fund provider5 to help fund the charitys accommodation project. Mafvern Day Centre Funding received from d¢￿atr"OnS from indrviduals. local churches arKI various chantable trusts to support the act"vits"es of the Malvem Day Centre. Move On Funding received from Worcester Cty Council to help fund the charivs Move On prcfjed. National Lottery Communty Fund - Maggs Outreach and Transition Service Funding received from the Nakn'ona Lottery Communty Fund for Maggs Outreach & Transition servi￿ Project. National Lottery Communty Fund - Cost Of Living Funding received from the National Lottery Communty Fund to assist with cost of living price increases. Navigation Funding received from Worcester City Council. as well as various charitable trusts. to finance a staff member to provide advice and support to homeless individuals. Rough Sleeper Funding received from Worcester Cty Counal to help rough sleepers. Rowlands Trust Funding received from the Rowlands Trust to fund purchase of specific items. Wor¢esler Day Centre Funding received from varTrous fund provider5 to help fund the running of the Worcester day centre. Sundry small restricted funds Small one-off grants received for a specthc purpjse. 40 conts"nued... Maggs Day Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2025 28. RELATED PARTY DISCLOSURES During the year the charity re￿iVed d(Mats'ons from trustees totslling £120 {2024 - £7). Two of the trustees of the chanty are also trustees ofworcester Muniapal Charibes CIO. During the year wOr￿ster Municipal Charibes CIO provided use of buildings either rent free or for nominal rent of £1412024 £14) to the charity valued at £41,OLK) {2024 £27,000)- In addibon the charity re￿iVed grants from wOr￿ster Municipal Charities CIO totalling £35.21112024 - £33.0Th)l. Worcester Municipal Charities CIO recharged building insurance and electricty to the charity totalling £4,623 (2024 - £4.938)- 41 Maggs Day Centre Detailed Statement of Financial Activitles for the Year Ended 31st March 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Legacies Grants Donated rental facilities {WO￿$ter Municipal Charities) 106,673 27,614 274.935 82,737 1,901 359,147 27,000 450,222 470,785 Other trading activities Netball tournament income 1,514 864 Investment income Bank interest 8.134 9.183 Charitable activities Sundry income from services Social housing rental income Grants 3.656 139.402 320 507 2,550 143,297 289,468 435315 Total incoming resources 923.435 916,147 EXPENDITURE Raising donations and legacies Wages Social security Pensions Website redesign Advertising Sundry 53,396 5.021 1.093 26,569 2.516 389 12,000 1,898 2,139 5.944 68,931 45,511 Charitable activities Wages Social security Pensions Rent Insurance Lighl, heal and rales Telephone and internet Repairs and maintenance Food for the day centre Staff training and expenses Cleaning Travel Sundry outreach expenses Depreciation on improvements to property Depreciation on plant and machinery Depreciation on computer equipment 453.592 39,220 9.850 74.323 17,908 42.469 8,652 28,220 9.201 9,564 12.855 17,768 11,049 3.111 4,369 468,214 37,736 8,957 83,368 16.218 47,486 9,762 40,088 7,952 14,485 8,700 16,019 18.188 2.573 4,000 755.483 798,488 This page does not fonn part of the statutory financial statements 42 Maggs Day Centre Detailed Statement of Financial Activities for the Year Ended 31st March 2025 2025 2024 Support costs Wages Social security Pensions Postage and stationery Sundries Legal and professional fees Staff recruitment Bad debts Bank charges Computer software licences Bank loan interest Auditors, remuneration 128,113 7,147 1,820 2,723 2,500 22,900 10.078 123,305 3,885 1,690 3,181 824 29,385 9,360 3,864 201 19,472 6,351 3,810 287 18,178 20,470 223 886 205,328 Total resources expended 1042 920 1.049,327 Net expendilure 119,485) 133,180) This page does not fom part of the statutory financial statements 43 maggs WWW.MAGGSDAYCENTRE.CO.UK