SKEGNESS DAY CENTRE LIMITED
PROVIDE DAY CARE FOR THE ELDERLY AND DISABLED, PROVIDE A DOOR-TO-DOOR SERVICE, COLLECTING CLIENTS TO AND FROM THEIR HOMES AND BRINGING THEM TO THE DAY CENTRE TO BENEFIT FROM THE FACILITIES OFFERED. PROVIDING FACILITIES IN THE INTEREST OF SOCIAL WELFARE, OR RECREATION OR OTHER SOCIAL LEISURETIME ACTIVITIES, IMPROVING CONDITIONS OF LIFE FOR SUCH PERSONS.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net reduction in funds of £49,940 for the year ended 31 March 2025, resulting in total reserves of £582,830. The trustees consider this level of reserves appropriate and in line with their policy target of approximately two years of operating costs (£300,000). The financial statements were subject to an independent examination rather than a full audit.
What the accounts disclose
“The Trustees have determined that a prudent level of reserves is equivalent to approximately two years of operating costs-estimated at £300,000” — page 4
“Mr P McCooey who is a trustee of the charity is also a director in Duncan and Toplis who provide accountancy services to the charity. Transactions for the year totalled £8,135 (2024 £6,781)” — page 14
Property (HM Land Registry)
Trustees
- MICHAEL ALLEN
- Paul McCooey
- Peter Barry
- Sunil Perera
- Tina Hill
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £87k | £154k |
| 31/03/2024 | £80k | £143k |
| 31/03/2023 | £210k | £144k |
| 31/03/2022 | £79k | £143k |
| 31/03/2021 | £127k | £168k |
Common questions
Is SKEGNESS DAY CENTRE LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net reduction in funds of £49,940 for the year ended 31 March 2025, resulting in total reserves of £582,830. The trustees consider this level of reserves appropriate and in line with their policy target of approximately two years of operating costs (£300,000). The financial statements were subject to an independent examination rather than a full audit. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 04/05/2004 | £30k | Increasing the transport service for the elderly + disabled to + from the centre |