Cholsey Day Centre Accounts 2020
Page
Index
1. Trustees’ Annual Report
2. Independent Examiner’s Report
3. Balance Sheet
4. General Fund Income and Expenditure
5. Operating Income and Expenditure
6. Notes to the Accounts
THE CHOLSEY DAY CEPThIE TRUST ThUSTEES REPORT FOR THE YEAR ENOED 31° DECEMBER 2020 The Trustees pr88ent I1r Rep(¥tfor the Year ethj 31° fcember 2020 The and exF' ure #eeounis for ts year, tofftr wth the bala8 8h881 as of DeCber 31" 2020 are shty•m in the atta(ed acunIs. Yhe acts.wbes of The CIK45ey Day Centre Trust o)nb"nue to te govemed by the Trust Dèod dated May 1990. Th8 continuir¥J w"ty is to meet exisbrg and chaTYJing swal redS of the frail 8TrJ vulneraNo of the l¢xxl and immediately surroundiThJ CMty. The ye8r ha$ been unLBu81 beyond anyone's expe¢tsYons. and ti is a testament to the hard of Staff and trustees that the Day Centre has rnanaga to conts'nue it5 wrxk a5 a part of the Chobey Coronawrus Support Grwp. The Day Centre ha8 a180 been highty $w$fUl in obtasning grants aThJ govemment as8i$tance toward8 its running costs. ancs ths h85 enab18d it to eThJ the year in a finaroally wbon r88dy fcf rtsumiw rts %4rKk in 2021. ill be seen in the balae sh88t, the Designated a1 Wacy fimd8 b8ced imie51ment. Their overall value has tonts.nued to tYow¢Ye ad"0n81 Ir enabling us to make transfers to the General Fund when needed to rxiver operatiThJ de1$. names of am arThJ trustèès year are aveilabk frryn the Chair ensuffjs thatthe Cherity Crynrni55ion rocords are upjated. TNstees are apptynted by a rnajtirity vote of e$ng Trustees I101r9 rKJmination atthe Annual General Me. Fln•nelal poll¢l•• Th? eonb"nuing. ovw8M pc4icy of Ihè Trustees ra to maintain reseryes. suit9Y invested. to generate sufficient income to cover ants.pat operabThJ losses. Cfftnly. in the short terni Ihere ill a slwty larger draw dow) to maintw'n arxl enhance the day ¢entre's acbwbe5. inco and fundraisiw ath"vib"es are exFCted to $uOwnent Ihis balance vJ aHow for some the 9eneral fuTrJ. enabliryj iThti"ab"ves to be inplemented. The Trustees are on inveslmwrt strategy ty the stod(brc*ers. 8wdoys Weath Management Ltd. I dea. in my ¢aparyty as Chair of the Trustees. Ihat Trustees have approved Ihe above repyt and ha¥e authorised me to siqn rt on thelr behaN. Eve Evans
INI)Tr.PFTr4l)F.'Y'l' b.X.4MINiTr.R'% RF.P()RT THk.4C'('(Il'N-r F()R TIIF. I F.4R F.ThIJF.I).11. 1)Tr.('F'MR Tr.H 2020 l%ct ¢iut paR¢%.I to 61 Rttpectiie rcsponsihilitie$ 4)f triisiees and txg]niner I he rharii>'5 IfusiLx% jifL' tL'StM)nsible lor ilie preparation uf ihe accnunls.'fhc churit> s iruslecs con%id¢'r ihai an 4iudil 15 nLTrI requircd lor 11114 ILar undLr NL'Lliun 144 c?I'the ChariiiLS ALI )01 I (the Cliaritics Acii and ihai an indepcnd¢ni examtnaiion is needed. It 15 m%, rLsrM)tt5ibilil> lo.. examine th¢ accounts under Scclion 145 of the Charities Aci. 10 fi>llow the pr()cedurcs laid doi%'n in Ihl bTeneral Dircctit>ns ¥Trji'en by Ihc Chariiy Qi)n)mission lundL'f Ltil)n 1451511bi ot'ih¢ C'hariiiL's Act. at lo sial¢ whether partlLiilar m311ers hai'e come ti) aiientiiin. Basis of indepcndcnt ex#miner'$ $taiempthi M). examtnalilin was carried out in accordance with General Direcii0tt5 ¥iven bv the Charil> Comnii%%ion. An examinaiton InLliidL'S a TeN'iew Iil-the accouniing records kcpi by Ihc ehariTy and a conipari%in ol'ihc aceounis pSeIed wilh those recnrd4. 11 also includLs ciinsidLraliL)n of unu8ual items or di%elo%uTL'S in the acLounls. ld seekin&> eXplall1)n% from IhL' IrusieL'& iiiiicernin¥ SULh maiiLrs. ThL' pfvLL'diires rtdLrtakeii do not Pro1{j all IhL Lidencl. Ihdi -0Id k r¢quirLd in an dudii. con4L4iIL'nili no upinion is &7ik¢n as io h¢(her IhL aL¢iiunls preseni a'true and tair i-iew and Ihi Tep)rt 15 limiied lo those matters s¢1 niii in ihL SthIL'lliL'llt below. Independent examiner'% sltemeni In conrwiion with rnv L'xamindlian. no nvdtter come io MN aticniion". hiLh tnL' reasoDabl¢ laus¢ to iK"liei'e Ihai in. any muleridl r¢%p¢cl. lh¢ r¢quir¢menis'. to kcep accouniinb) records irt a¢LOTdance wilh s¢ction 130 0l.rhc ChariiiLs ALI.. and 10 preparL' dLLUUnt% which accnrd with th¢ accouniin¥ records and comply with the accouniinB rL'quiretnenls ufthL' I'hllriii¢% Aci have not bcen n)ei.' or 2. 11) whiLh. in iii! (Ipinion. atte110 should k drawn in order 10 enable ll pro IhL acci>iinls lo rcached. Ok¢y C.l.A David NqilLhell & C'i? 4 The Pound Chol.5¢5'..Oxon. C)XIO 9NS Pag¢ 2
| The Cholsey Day Centre Trust | The Cholsey Day Centre Trust | The Cholsey Day Centre Trust | The Cholsey Day Centre Trust | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance Sheet as at 31st December 2020 | ||||||||||
| 2020 | 2019 | |||||||||
| £ | £ | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors and prepayments | (Note 1) | 783 | 712 | |||||||
| Investments | (Note 7) | 234,796 | 265,008 | |||||||
| Bank and Building Society Deposits | (Note 8) | 30,380 | 18,139 | |||||||
| 265,959 | 283,859 | |||||||||
| LESS CURRENT LIABILITIES | (Note 2) | 2,515 | 3,527 | |||||||
| NET ASSETS | 263,444 | 280,333 | ||||||||
| FUNDED BY: | ||||||||||
| General Fund | (Note 3) | 33,605 | 70,078 | |||||||
| Legacy Fund | (Note 4) | 210,254 | 210,254 | |||||||
| Cholsey Coronavirus Support Group Fund | (Note 5) | 6,385 | ||||||||
| Cholsey Volunteers Fund | (Note 6) | 13,202 | ||||||||
| 263,446 | 280,332 | |||||||||
3
| The Cholsey Day Centre Trust | The Cholsey Day Centre Trust | The Cholsey Day Centre Trust | The Cholsey Day Centre Trust | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| General Fund Income & Expenditure Account | ||||||||||
| for theyear ended 31st December 2020 | ||||||||||
| 2020 | 2019 | |||||||||
| £ | £ | |||||||||
| INCOME | ||||||||||
| DAY CENTRE | ||||||||||
| Donations | 1,600 | 2,114 | ||||||||
| Fund Raising | 3,000 | 5,424 | ||||||||
| Day Centre Virus Support Grants | 31,234 | |||||||||
| Investment Income | 6,566 | 9,461 | ||||||||
| CHOLSEY CORONAVIRUS SUPPORT GROUP | ||||||||||
| Grants & Donations | 13,947 | |||||||||
| CHOLSEY VOLUNTEERS | ||||||||||
| Grants, Donations & Fundraising | 15,679 | |||||||||
| TOTAL INCOME | 72,026 | 16,999 | ||||||||
| EXPENDITURE | ||||||||||
| DAY CENTRE | ||||||||||
| Equipment, Furniture & Fittings | 0 | 4,505 | ||||||||
| Fees re investments | 638 | 793 | ||||||||
| Donation to Parish Council re Older Persons |
0 | 1,000 | ||||||||
| CHOLSEY CORONAVIRUS SUPPORT GROUP | ||||||||||
| Food & materials | 7,561 | |||||||||
| CHOLSEY VOLUNTEERS | ||||||||||
| Staff cost & equipment | 2,477 | |||||||||
| TOTAL EXPENDITURE | 10,677 | 6,298 | ||||||||
| GENERAL FUND NET SURPLUS /(DEFICIT) FOR YEAR | 61,349 | 10,701 | ||||||||
| add NET OPERATING SURPLUS /(DEFICIT) FOR YEAR | -68,696 | -46,967 | ||||||||
| TOTAL NET SURPLUS /(DEFICIT) FOR YEAR | -7,348 | -36,266 | ||||||||
4
| The Cholsey Day Centre Trust | The Cholsey Day Centre Trust | The Cholsey Day Centre Trust | The Cholsey Day Centre Trust | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income & Expenditure Account | ||||||||||
| for theyear ended 31st December 2020 | ||||||||||
| 2020 | 2019 | |||||||||
| £ | £ | |||||||||
| INCOME | ||||||||||
| Membership lunch revenues | 9,923 | 35,577 | ||||||||
| Sales | 982 | 3,779 | ||||||||
| Rental Income | 2,960 | 9,126 | ||||||||
| TOTAL INCOME | 13,865 | 48,482 | ||||||||
| EXPENDITURE | ||||||||||
| Staffing Costs | 64,852 | 67,670 | ||||||||
| Food | 2,607 | 8,485 | ||||||||
| Heat, Light & Water | 5,939 | 4,495 | ||||||||
| Rent & Rates | 0 | 0 | ||||||||
| Repairs | 1,253 | 1,654 | ||||||||
| Telephone | 838 | 860 | ||||||||
| Insurance | 1,339 | 1,236 | ||||||||
| Cleaner / Caretaker | 0 | 352 | ||||||||
| Activities | 750 | 3,000 | ||||||||
| Transport | 207 | 401 | ||||||||
| General Expenses & Other Supplies | 4,776 | 7,295 | ||||||||
| TOTAL EXPENDITURE | 82,561 | 95,449 | ||||||||
| OPERATING SURPLUS /(DEFICIT) FOR YEAR | -68,696 | -46,967 | ||||||||
| (carried forward to General Fund Income Statement) | ||||||||||
5
| The Cholsey Day Centre Trust | The Cholsey Day Centre Trust | The Cholsey Day Centre Trust | The Cholsey Day Centre Trust | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes to the accounts for | ||||||||||||
| theyear ended 31st December 2020 | ||||||||||||
| 2020 | 2019 | |||||||||||
| £ | £ | |||||||||||
| NOTE 1 | DEBTORS | |||||||||||
| Insurance prepayment | 783 | 712 | ||||||||||
| NOTE 2 | CREDITORS | |||||||||||
| Operational accruals | 2,050 | 2,050 | ||||||||||
| Receipts in advance | 0 | 0 | ||||||||||
| Transport costs paid by members due to OCC | 0 | 977 | ||||||||||
| Provision for Portfolio Investment Fee Oct/Dec 2020 | 165 | 200 | ||||||||||
| Provision for accounting fees (payroll services) | 300 | 300 | ||||||||||
| 2,515 | 3,527 | |||||||||||
| NOTE 3 | GENERAL FUND | (including Designated Fund b/f from 31/12/2019) | ||||||||||
| Balance at 1st January 2020 | 70,078 | 71,340 | ||||||||||
| Net Surplus / (Deficit) for year | -7,348 | -36,266 | ||||||||||
| Remove Coronavirus Support Fund to Note 5 | -6,385 | |||||||||||
| Remove Cholsey Volunteers Fund to Note 6 | -13,202 | |||||||||||
| Realised / unrealised investment gains / (losses) | -9,538 | 35,004 | ||||||||||
| Balance at 31st December 2020 | 33,605 | 70,078 | ||||||||||
| NOTE 4 | MOLLIE WEEDON LEGACY FUND | |||||||||||
| Balance at 1st January 2020 | 210,254 | 210,254 | ||||||||||
| Balance at 31st December 2020 | 210,254 | 210,254 | ||||||||||
| NOTE 5 | CHOLSEY CORONAVIRUS SUPPORT FUND | |||||||||||
| Income from grants & donations | 13,947 | |||||||||||
| Expenses (food & materials) | -7,561 | |||||||||||
| Balance at 31st December 2020 | 6,385 | |||||||||||
| NOTE 6 | CHOLSEY VOLUNTEERS | |||||||||||
| Income from grants, donations & fundraising | 15,679 | |||||||||||
| Expenses (staff & materials) | -2,477 | |||||||||||
| Balance at 31st December 2020 | 13,202 | |||||||||||
| NOTE 7 | INVESTMENTS | |||||||||||
| Balance at 1st January 2020 | 265,008 | 270,832 | ||||||||||
| Realised / unrealised investment gains / (losses) transferred to Designated Fund |
-9,538 | 35,004 | ||||||||||
| Dividend & Interest income to General Fund Income / Expenditure statement |
6,566 | 9,461 | ||||||||||
| Transfer to Day Centre Lloyds TSB current account | -26,566 | -49,461 | ||||||||||
| BarclayWealth Fees to General Fund Income /Expenditure statement |
-673 | -828 | ||||||||||
| Balance at 31st December 2020 | 234,796 | 265,008 | ||||||||||
| NOTE 8 | BANK & BUILDING SOCIETY DEPOSITS | |||||||||||
| Lloyds TSB Operations Account | 30,380 | 18,139 | ||||||||||
| Total bank & building society deposits | 30,380 | 18,139 |
6