2023-03-31-accounts

		Page
Trustees' Annual Report (Incorporating the Director's Report)
Independent Examiner's Report to the Trustees
Statement ofFinancial Activities (Including Income and Expenditure	Account)
Statement ofFinancial Position
Notes tothe Financial Statements
The Following Pages Do Not Form Part ofthe Financial Statements
Detailed Statement ofFinancial Activities		19

Reference		and Administrative	and Administrative	and Administrative	Details
Registered		charity	name		Tow Law Community		Association
Charity registration			number		1122539
Company	registration			number	06244260
Principal office and			registered		Tow Law Community		Centre
office					Ironworks Road
					Tow Law
					Bishop Auckland
					County Durham
					DL13 4AW
The Trustees
					Mrs J Flynn (Secretary)
					Mrs D Thornton	(Treasurer)
					Mr P Stokes (Vice Chair)
					Mrs F Nicol
					Ms EThorpe Henderson
					Ms M Craggs
					Ms EGwynnette			(Appointed	18October 2022)
					Mr R Manchester			(Appointed	29 September 2022)
Company	Secretary				Mrs J Flynn
Independent		Examiner			Jane Ascroft FCA MA (Cantab)
					Enterprise House
					Harmire Enterprise		Park
					Bernard Castle
					County Durham
					DL12 8XT

		Year En	ded 31 March 2	023
				2023		2022
			Unrestricted	Restricted
			funds	funds	Totalfunds	Total funds
		Note			F
Income and endowments
Donations and legacies			4,400	27,194	31,594	27,405
Charitable activities			18,642	4,354	22,996	19,097
Investment income			302		302	21
Other income						13,666
Total income			23,344	31,548	54,892	60,189
Expenditure
Expenditure on charitable	activities	9,10	46,957	30,717	77,674	83,859
Total expenditure			46,957	30,717	77,674	83,859
Net expenditure			(23,613)	831	(22,782)	(23,670)
Transfers between funds			(119)	119
Net movement in funds			(23,732)	950	(22,782)	(23,670)
Reconciliation offunds
Total funds brought forward			496,468	10,501	506,969	530,639
Total funds carried forward			472,736	11,451	484,187	506,969

			2023		2022
			K
Fixed Assets
Tangible fixed assets				447,717	468,570
Current Assets
Debtors		16	5,846		2,147
Cash at bank and in hand			31,244		36,872
			37,090		39,019
Creditors: amounts	falling due within one year	17	620		620
Net Current Assets				36,470	38,399
Total Assets Less Current Liabilities				484,187	506,969
Funds ofthe Charity
Restricted funds				11,451	10,501
Unrestricted funds				472,736	496,468
Total charity funds		18		484,187	506,969

					Unrestricted	Restricted	Total Funds
					Funds F	Funds f	2023
	Lettings, activities		and other	centre income	18,642		18,642
	Foodbank					4,354	4,354
					18,642	4,354	22,996
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
					F	F	F
	Lettings, activities		and other	centre income	15,130		15,130
	Solar PV income				3,967		3,967
					19,097		19,097
7.	Investment	Income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
	Bank interest receivable			302	302	21	21
8.	Other Income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
							E
	DCC Covid support		grants			13,666	13,666
9.	Expenditure	on Charitable		Activimes by Fund Type
					Unrestdcted	Restricted	Total Funds
					Funds	Funds	2023
					F
	Costs ofcharitable		activities	(see page 1 fgor more
	details)				46,957	30,717	77,674
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
					E
	Costs ofcharitable		activities	(see page 19for more
	details)				53,192	30,667	83,859

								Activities
							undertaken		Total funds	Total	fund
								directly	2023		2022
	Costs ofcharitable		activities (see		page	19for more
	details)							77,674	77,674	83,859
11.	Net Expenditure
	Net expenditure is stated after charging/(crediting):
									2023	2022
	Depreciation	oftangible fixed assets							20,853	21,068
12.	Independent	Examination		Fees
									2023	2022
									R
	Fees payable	to the independent			examiner for:
	Independent	examination		ofthe financial			statements		500		500
	Other financial services								120		120
									620		620
13.	StaffCosts
	The total staff costs and employee				benefits for the reporting			period are	analysed as follows:
									2023 f	2022 f
	Wages and salaries								8,480	12,667
	The average	head	count ofemployees			during the year was 1 (2022:			3).The average	number of
	full-time equivalent		employees during the				year is analysed	as follows:
									2023	2022
									No.	No.
	Number ofcentre staff								1		1
	No employee	received employee			benefits		ofmore than F60,000 during		the year (2022:	Nil).

15.	Tangible Fix	ed Ass	ets
				Land and	Playground	Furniture 8
				buildings	Equipmentf	Equipment	Total R
	Cost
	At 1 April 2022 and		31 March 2023	691,603	40,393	111,941	843,937
	Depreciation
	At 1 April 2022			254,333	28,917	92,117	375,367
	Charge for the year			14,754	4,039	2,060	20,853
	At 31Ilarch	2023		269,087	32,956	94,177	396,220
	Carrying amount
	At 31 INarch	2023		422,516	7,437	17,764	447,717
	At 31 March 2022			437,270	11,476	19,824	468,570
16.	Debtors
						2023	2022
						K
	Trade debtors					2,271
	Prepayments	and accrued income				3,575	2,147
						5,846	2,147
17.	Creditors: amounts		falling due within	one year
						2023	2022
	Trade creditors					620	620

Analysis ofChari Restricted funds	table	Funds (consnuecy
		At				At 31March
		1 April 2022	Income f	Expenditure F	Transfers F	2023 K
Co-op Community	Fund	1,744			119	1,863
Rural Communities
Energy Fund		4,024		(4,024)
Durham County Council
-Lunch Club		1,071				1,071
Stones project		100		(100)
National Lottery Digital
Help &DCC Computer
grant		1,999		(1,999)
DCC Summer activity
grant		296		(253)		43
DCC Youth grant			9,471	(4,000)		5,471
DCC Boiler grant
TLTC Art grant		250	250	(388)		112
Food Bank grants			4,354	(2,480)		1,874
DCC Fun &Food		1,017	10,473	(10,473)		1,017
CDCF Door
Refurbishment			7,000	(7,000)
		10,501	31,548	(30,717)	119	11,451
		At				At 31 March
		1 April 2021	Income	Expenditure	Transfers	2022
			E	F		F
Co-op Community	Fund	1,744				1,744
Rural Communities
Energy Fund		4,024				4,024
Durham County Council
- Lunch Club		1,170		(99)		1,071
Stones project		363		(263)		100
DCC Easter Holidays		1,130		(1,130)
DCC Youth Cafe		4,392		(4,392)
National Lottery Digital
Help &DCC Computer
grant		6,940		(4,941)		1,999
DCC Summer activity
grant			1,929	(1,633)		296
DCC Youth grant			8,711	(8,711)
DCC Boiler grant			9,015	(9,015)
TLTC Art grant			250			250
Food Bank grants			1,500	(483)		1,017
		19,763	21,405	(30,667)		10,501

Analysis of Net A	ssets Between Fund	s
		Unrestricted	Restricted	TotalFunds
		Funds	Funds	2023
		F		E
Tangible fixed assets		447,717		447,717
Current assets		25,639	11,451	37,090
Creditors less than	1 year	(620)		(620)
Net assets		472,736	11,451	484,187
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		F
Tangible fixed assets		468,570		468,570
Current assets		28,518	10,501	39,019
Creditors less than	1 year	(620)		(620)
Net assets		496,468	10,501	506,969

	Year Ended 31 March	2023
		2023	2022
			E
Income and endowments
Donations and legacies
County Durham Community	Foundation	7,000
Durham County Council		19,944	19,655
Tow Law Town Council		4,650	7,750
		31,594	27,405
Charitable activities
Lettings, activities and other	centre income	18,642	15,130
Solar PV income			3,967
Foodbank		4,354
		22,996	19,097
Investment income
Bank interest receivable		302	21
Other income
DCC Covid support grants			13,666
Total income		54,892	60,189
Expenditure
Wages		8,480	12,667
Water rates		496	103
Light &heat		5,554	5,610
Repairs &maintenance		8,710	7,173
Insurance		3,034	3,007
Refurbishment costs		7,000	9,015
Professional fees		973	661
Telephone		1,743	1,491
Other office costs		640	4,400
Depreciation		20,853	21,068
Other centre costs			2,590
Youth project costs		14,726	13,021
Sustainable heat &power project costs		4,024
Other project costs		1,441	3,053
Total expenditure		77,674	83,859
Met expenditure		(22,782)	(23,670)