2024-06-30-accounts - Ton Pentre And District Recreation Association CIO

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TON PENTRE & DISTRICT RECREATION ASSOCIATION CHARITABLE INCORPORATED ORGANISATION

STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024

REGISTERED CHARITY NUMBER 1157358

TON PENTRE & DISTRICT RECREATION ASSOCIATION CHARITABLE INCORPORATED ORGANISATION

INDEX TO THE FINANCIAL STATEMENTS

	PAGE
LegalandAdminiabatiee Details	1
Trustees’ Report	2-3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
NotestotheFinancialStatements	7-9

TON PENTRE & DISTRICT RECREATION ASSOCIATION CHARITABLE INCORPORATED ORGANISATION

LEGAL AND ADMINISTRATIVE DETAILS

TRUSTEES

J Williams J Evans R Roberts (appointed 6 July 2023) S W Roberts (appointed 6 July 2023) S Bromwell (appointed 6 July 2023) P Bromwell (appointed 6 July 2023) N Locke (appointed 13 July 2023) J W Davies (appointed 10 October 2023) J Watts-Rees (appointed 10 October 2023)

REGISTERED OFFICE:

Ton Pentre & District Recreation Association ClO 12 Kennard Street Ton Pentre Pentre Mid Glamorgan CF41 7AH

CHARITY COMMISSION REGISTRATION NUMBER 1157358

INDEPENDENT EXAMINER

J Wallage, FCA on behalf of CISWO (Trading) Limited The Old Rectory Rectory Drive Whiston ROTHERHAM S60 4JG

BANKERS

Barclays Bank

TON PENTRE & DISTRICT RECREATION ASSOCIATION CHARITABLE INCORPORATED ORGANISATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

The trustees present their report along with the financial statements of the charity for the year ended 30 June 2024. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts (page 7).

Constitution and Objects

The Charity is governed by a Charitable Incorporated Organisation (CIO) Foundation document registered on the 6th June 2014, as amended on 14th January 2018. The charity registration number is 1157358.

The objects of the CIO are as follows:

The provision and maintenance of a recreation ground for the benefit of the inhabitants of the Pentre and Ystrad wards of the Borough of Rhondda and the neighbourhood thereof (the area of benefit) with the object of improving the conditions of life for the said inhabitants:
The provision of a club for the recreation and other leisure-time occupation of persons who are resident in the area of benefit to help and educate them so to develop their physical, mental and Spiritual capacities that they may grow to full maturity as individuals and members of society and that their conditions of life might be improved.

The trustees have referred to the guidance given by the Charity Commission on public benefit when reviewing the charity's aims and objectives and details of the activities that have taken place during the year can be found later in this report.

Organisational Structure

The trustees who have served the charity during the period are shown on page 1.

The charity is responsible for maintaining the premises and its contents and grounds in a suitable state of repair for use by those who live in the surrounding area. It raises income through various charitable activities, the main one being the hiring out of its facilities to the general public along with the sale of goods from the community kitchen.

Trustee vacancies are advertised and interested parties are asked to apply in writing. Suitable candidates will be informed by the relevant nominating body, either CISWO or the NUM South Wales Area.

Financial Review

The charity recorded total income of £16,879 (£15,717) during the year, with total expenditure (including depreciation) of £49,030 (£43,418). Therefore there was an overall deficit of £32,151 as compared to a deficit of £27,701 in the previous year.

Review of Activities

The recreation ground known as Ynys Park is well used by the community with a number of local football teams of varying age groups using the ground as a home venue in their respective leagues.

The main building, commonly referred to as the community centre, is available for a large number of user groups, with the youth of the village in particular gaining benefit.

The 3G facility is well used by local football teams and the local school, as well as the general public.

TON PENTRE & DISTRICT RECREATION ASSOCIATION CHARITABLE INCORPORATED ORGANISATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 (CONTINUED)

Investment Policy

The charity's liquid assets have been placed in interest bearing bank accounts, thus providing some income for the charity in the form of interest received whilst keeping the monies readily available should they be required.

Reserves Policy

It is the policy of the trustees to maintain unrestricted funds which are the free reserves of the charity, at a level to provide sufficient funds to cover anticipated administration and support costs. Any additional reserves are held to provide a capital fund for repairs that will be required to upkeep the premises. The trustees understand that reserves will need to be increased to replace the 3G 'carpet' which has a limited useful economic life.

Risk Management

The trustees are aware of the operational and financial risks which the charity faces and regularly review those risks to mitigate against any impact they may have on the charity. The trustees have a healthy volunteer bank which aids in the running of the charity, recruitment and succession planning for volunteers and trustees alike is important.

Statement of Trustee Responsibilities

Law applicable to charities in England and Wales required the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that period. In preparing those financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.

The Trustees are carefully managing the charity’s finances and are satisfied that it will be able to continue to meet its obligations for the foreseeable future.

Signed - Trustee

Print name - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TON PENTRE & DISTRICT RECREATION ASSOCIATION CHARITABLE INCORPORATED ORGANISATION

| report to the Trustees on my examination of the accounts of the above named charity (registered no.1157358) for the year ended 30 June 2024, set out on pages 5 to 9.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).

| report in respect of my examination of The Trustees' accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiners Statement

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

(1) accounting records were not kept in respect of the Charity as required by section 130 of the act: or

(2) the accounts do not accord with those records; or

(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any

requirement that the accounts give 'a true and fair-view' which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J Wallage FCA

Date

On behalf of CISWO (Trading) Ltd The Old Rectory Rectory Drive Whiston Rotherham S60 4JG

TON PENTRE & DISTRICT RECREATION ASSOCIATION CHARITABLE INCORPORATED ORGANISATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024

		Unrestricted	Restricted	Totals		Totals
		Fund	Fund	2024		2023
	Note
INCOMING RESOURCES		£	£	£		£
3G - Hire		2,090	-	2,090		2,570
Ynys Park Income		5,523	-	5,523		1,110
Pool Table		75	-	75		38
Hall Hire		9,056	-	9,056		10,276
Bank Interest		90	-	90		27
Kitchen		45	-	45		696
Grants
South Wales Miners		-	-	-		1,000
Total Incoming Resources	1	16,879	-	16,879		15,717
RESOURCES EXPENDED
Direct Charitable Expenditure:
Repairs, Maintenance & Cleaning		5,425	-	5,425		§,751
Grounds Maintenance - Grass Cutting		580	-	580		1,080
Electricity		1,900	-	1,900		1,731
Gas		2,078	-	2,078		928
Water		348	-	348		317
Insurance		2,445	-	2,445		2,249
Kitchen Costs		367	-	367		815
Equipment		54	-	54		127
TV & Telephone		374	-	374	-	1,282
Ynys Park Maintenance		7,800	-	7,800		1,380
3G Repairs		-	-	-		15
3G Electricity		612	-	612		262
Accountancy		655	-	655		624
Depreciation	2	142	26,250	26,392		26,857
Total Resources Expended	1	22,780	26,250	49,030		43,418
Net (Outgoing) resources fortheyear		(5,901)	(26,250)	(32,151)		(27,701)
Fund Balances at 1 July 2023		204,751	241,529	446,280		473,981
FundBalancesat30June2024		198,850	215,279	414,129		446,280

TON PENTRE & DISTRICT RECREATION ASSOCIATION CHARITABLE INCORPORATED ORGANISATION

BALANCE SHEET AS AT 30 JUNE 2024

		2024		2023
		£	£	£	£
	Note
FIXED ASSETS
Tangible Assets	2		373,806		400,198
CURRENT ASSETS
Debtors	3	2,628		2,445
Cash at bank and in hand	4	39,043		44,417
		41,671		46,862
LESS: CURRENT LIABILITIES
Creditors	5	(1,348)		(780)
NETCURRENT ASSETS			40,323		46,082
TOTAL NETASSETS			414,129		446,280
FUNDS
Unrestricted Funds			198,850		204,751
Restricted Fund	6		215,279		241,529
			414,129		446,280

Approved by the Trustees

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Date

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TON PENTRE & DISTRICT RECREATION ASSOCIATION CHARITABLE INCORPORATED ORGANISATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024

ACCOUNTING POLICIES

a. Basis of preparation and assessment of going concern

The financial statements have been prepared under the historical cost convention unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102), the Financial Reporting Standard (FRS 102) and the Charities Act 2011.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees have a reasonable expectation that the charity has adequate reserves to continue in operational existence for the foreseeable future. Accordingly the trustees continue to adopt the going concern basis in the preparation of the accounts.

b. Income Recognition Income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. |

c. Expenditure Recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.

d. Depreciation

Depreciation is provided on fixed assets other than the land in order to write off the cost of those assets over their expected economic lives. The rate of depreciation used is:-

Land No Depreciation Buildings 25 years Straight Line Garage No Depreciation Quad Bike 25% Reducing Balance Tractors 25% Reducing Balance 3G Facility 10 years Straight Line

e. Grant Recognition

Grants received have been placed into a restricted fund. They are then amortised in line with the depreciation of the Capital projects they have funded. Any amounts not spent in the period are held as ‘deferred income’ until physically expended.

TON PENTRE & DISTRICT RECREATION ASSOCIATION CHARITABLE INCORPORATED ORGANISATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024

2.	FIXED ASSETS					(Restricted)
		Land	Garage	Quad	Bike	Assets	Total
		£	£	£		£	£
	Cost
	At 01.07.2023	150,000	8,102	3,600		457,338	619,040
	Additions	-	-		-	-	-
	At 30.06.2024	150,000	8,102	3,600		457 338	619,040
	Depreciation
	At 01.07.2023	-	-	3,033		215,809	218,842
	Charge forYear	-	-		142	26,250	26,392
	At 30.06.2024	-	-.	3,175		242,059	245,234
	Net Book Value
	At 30.06.2024	150,000	8,102		425	215,279	373,806
	At 30.06.2023	150,000	8,102		567	241,529	400,198
						2024	2023
						£	£
3.	DEBTORS
	Prepaid insurance					2,628	2,445
						2,628	2,445
4.	CASH AT BANK AND IN HAND
	Community Account					213	7,490
	Community Centre Account					31,406	28,615
	Business Premium Account					6,655	6,565
	Cash in Hand					769	1,747
						39,043	44,417
5.	CREDITORS
	Accountancy Fees					655	624
	British Gas - Gas					144	23
	British Gas - Electricity					549	133
						1,348	780

TON PENTRE & DISTRICT RECREATION ASSOCIATION CHARITABLE INCORPORATED ORGANISATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024

RESTRICTED FUNDS	BIF	Incoming	Outgoing	CIF
	01/07/2023	Resources	Resources	30/06/2024
Centre
WAG (CFP)	200,416	-	12,965	187,451
3G
WAG (CFP)	36,100	-	12,032	24,068
YNYS PARK
National Lottery **	5,013	-	1,253	3,760
	241,529	-	26,250	215,279

** The £10,000 grant from national lottery was used to purchasea tractor and trailer.