## **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 I￿1r Rep(¥tfor the Year ethj 31° f*cember 2020 The and exF*￿' ure #eeounis for ts year, tofftr wth the bala￿8 8h881 as of DeC￿ber 31" 2020 are shty•m in the atta(*ed ac￿unIs. 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 r￿edS of the frail 8TrJ vulneraNo of the l¢xxl and immediately surroundiThJ C￿M￿￿ty. 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$tance toward8 its running costs. ancs ths h85 enab18d it to eThJ the year in a finaroally wbon r88dy fcf rtsumiw rts %4rKk in 2021. *ill be seen in the bala￿e sh88t, the Designated a￿1 Wacy fimd8 b8c*ed imie51ment. Their overall value has tonts.nued to tYow¢Ye a￿d￿"0n81 Ir￿ enabling us to make transfers to the General Fund when needed to rxiver operatiThJ de￿1$. names of am ar*ThJ 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 I￿10￿1r9 rKJmination atthe Annual General Me*. Fln•nelal poll¢l•• Th? eonb"nuing. ovw8M pc4icy of Ihè Trustees ra to maintain reseryes. suit9￿Y 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 exF*Cted to $uOwnent Ihis balance *vJ aHow for some the 9eneral fuTrJ. enabliryj iThti"ab"ves to be inplemented. The Trustees are on inveslmwrt strategy ty the stod(brc*ers. 8wdoys Weath Management Ltd. I de￿a￿. in my ¢aparyty as Chair of the Trustees. Ihat Trustees have approved Ihe above repyt and ha¥e authorised me to siqn rt on thelr behaN. Eve Evans INI)Tr.PFTr4l)F.'Y'l' b.X.4MINiTr.R'% RF.P()RT THk.4C'('(Il'N-r F()R TIIF. I F.4R F.ThIJF.I).11. 1)Tr.('F'MR Tr.H 2020 l%ct ¢iut paR¢%.I to 61 Rttpectiie rcsponsihilitie$ 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 ￿L￿til)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 p￿Se￿Ied wilh those recnrd4. 11 also includLs ciinsidLraliL)n of unu8ual items or di%elo%uTL'S in the acLounls. ￿ld seekin&> eXpl￿all1)n% from IhL' IrusieL'& iiiiicernin¥ SULh maiiLrs. ThL' pfvLL'diires rtdLrtakeii do not Pro￿1{j￿ all IhL L￿idencl. Ihdi ￿-0￿Id 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'% sl*temeni 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. atte￿110￿ should k drawn in order 10 enable ll pro IhL acci>iinls lo ￿ rcached. O*k¢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