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|||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|
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|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|||||
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|||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|
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||||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|
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||||||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|
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|||||||||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).||
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|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|
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|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|
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|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|
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||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)|