Finance Score: 3

Governance Score: -6

Support Score: 2

Liabilities <10%: +3
Excess reserves: -2
Large legacies income: +1
Multiple Deficits: -2
Fundraising costs low: +3

Static board: -3
All male board: -3

Grant maker support: +2

Overall GiG Score: -1

NEWMARKET DAY CENTRE CIO

Providing support for elderly people in the Newmarket area.Newmarket Day Centre CIO was formed by the conversion of the original charity, Newmarket Day Centre (Charity No. 290989) to a CIO in April 2015. Further details of the charities activities and its history can be found on the website at http://www.newmarketdaycentre.co.uk

Analysis by Giving is Great

Positives:

The charity has received modest backing from several prominent grant makers recently
This charity has a robust balance sheet
This charity has received considerable income from legacies in recent years
Spending has increased over the last 3 years relative to the previous period
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity
The Board is completely male
The Board composition appears to be rather static

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £863,774 available, equivalent to 24 months of spending and so may not be able to utilise additional funding
On several occasions in recent years income has been less than spending

Established: 9 years

www.newmarketdaycentre.co.uk

enquiries@newmarketdaycentre.co.uk

01638664262

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	*	£681	£425	£256	£12	£1,122	£864	24.4	12	42
31/03/22		£245	£358	£-113	n/a	n/a	n/a	n/a	n/a	45
31/03/21		£352	£304	£48	n/a	n/a	n/a	n/a	n/a	40
31/03/20	*	£261	£313	£-52	n/a	n/a	n/a	n/a	n/a	56
31/03/19		£249	£288	£-40	n/a	n/a	n/a	n/a	n/a	50
31/03/18	*	£286	£359	£-74	£0	£0	£0	n/a	0	0
31/03/17		£320	£338	£-18	£0	£0	£0	n/a	0	0
31/03/16		£340	£342	£-2	£0	£0	£0	n/a	0	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 1.9%
Fundraising Costs/Total Spending: 2.8%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 2%
Unrestricted Funds/Total Funds: 77%
Reserves/Spending: 24.4 months
Net Current Assets/Spending: 7 months
Quick Ratio: 16.9

Asset Split ?

Listed activities

Disability
General Charitable Purposes
Recreation
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

Cambridgeshire, Suffolk,

Who it helps

Elderly/Old People
People With Disabilities

Who works here?

12 employees
42 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
National Lottery Community Fund - Helping the vulnerable and isolated with Meals
£9,100	07/05/2020 6	The funding will be used to deliver meals and carry out telephone checks for older people during the coronavirus pandemic. The project aims to support their health and wellbeing.
CAF - Grant to Newmarket Day Centre CIO
£5,000	09/04/2020 3	Grant to Newmarket Day Centre CIO to support the organisation through COVID19

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

AIDAN WALMSLEY Appointed: 2015

DR JOHN CALVERT (Chair) Appointed: 2015

EDWARD FRANK VIVIAN PERROTT Appointed: 2019

JOHN PATRICK CREAGH-COEN Appointed: 2015

JAMES PARR Appointed: 2015

NIGEL CAMPLYON WRIGHT Appointed: 2015

TERRY JOHN ELLIS Appointed: 2015

TERENCE KELVIN WOOD Appointed: 2015

Legal constitution

Charity registered in England & Wales on 17/03/2015, number: 1160955

Gift Aid

Registered with HMRC for Gift Aid

Event History

29/07/2015 - Asset transfer in from THE NEWMARKET DAY CENTRE
28/11/2018 - Asset transfer in from NEWMARKET CONTACT
07/11/2022 - Asset transfer in from NEWMARKET BREAST CANCER SUPPORT GROUP

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

8 returns made; AR23: 19 days late, AR20: 2 days late, AR18: 68 days late,

Recent reorganisation events:

Asset transfer in from NEWMARKET BREAST CANCER SUPPORT GROUP on 07/11/2022

Main office

NEWMARKET DAY CENTRE
FRED ARCHER WAY
NEWMARKET
CB8 8NT

Objectives

THE OBJECT OF THE DAY CENTRE IS THE RELIEF OF ELDERLY PEOPLE LIVING IN AND AROUND NEWMARKET IN PARTICULAR BY THE PROVISION OF FACILITIES FOR THE CARE, EDUCATION, RECREATION, PHYSICAL AND MENTAL WELL-BEING OF SUCH PERSONS.

Data Sources