. Charity rngistralSon numbw 1164266 "" GATESHEAD INDOOR BOWLING CLUB . ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS. . FOR THE YEAR ENDED 30 SEPTEMBER 2024
GATESHEAD INDOOR BOWLING CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trusts Mr G Hackett Ms J Alkinson Mr K Alkn"nson Ms M Newton Ms J Diba16 Mf G M¢Alh"sler D L Stephenson Mf J B Stephènson Chaty numbor 11642 Prlncipol address Indoor BowEir¥J Centre Gladstone Terra Gateshe8d Tynè and Wear England NE84DY Independ¢nt examiner Robson LawJlerAw)u¥rtants Limiiett Femwood House Femwood Road Jesmond Newwtle Iw Tyne Tyne an(1 England NE2 1TJ
GATESHEAD INDOOR BOWLING CLUB CONTENTS Trustees, r6F IndendnI examine1$ reprxt Stslemwrt offmancial ackn¥it B*n¢e sheel Notes lo the tsnaal statements 7-13
GATESHEAD INDOOR BOWLING CLUB TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 the trustees pres¢nt thoir annual r£port anrl finan¢xal ststements for the year ended 30 Septernber 2024. . Tho finanool statement$ have been Prepared in accordance Tmih accouritFn9 set ¢)ul in the finan(1 statemorrt$, ihe Charitses Act 2011 and 'Acc£lung and Reporting by Charib"es'. Statement of Recommended Practice applicatjte to tharitses preparing their alMtS in a¢{8n( th the FinaFSWt Reportir>g SndartI :. applicable in the UK and RepubEic of Ireland IFRS 102} leffwxive 1 January 2019}-. ObJ¢etlvos and 4¢ti¥ilie• The obiectives of dub are lo enrAira9e the game of tths lo pe of all ages In and a¥ound the Gateshead ". The dub has al F)sent approximatety 352 members. On a weekly basis the dLtb hosts sessh)ns for ggL4)y, as .. as loeal people aYIng casual bovAs. The club also hifes out U)e upstairs studio. Public b•Aefft The Trust are mindtul of the legal iequifemenl that all chaiities must have charitable Purposes which are for Ihe public benefil. The charity provides a range ol actsvibes to promote sport and other social actiwtigs wrthit) IhÈ It)¢al comffiunity 8rKI also knoks lo encourage people of all ages to take up the sport of tN)wJing. Thè eentre 81$0 Pfowdes facilities foT other activttss through rentirwj out space fr)r use by other wps. The twslee$ h8¥e paml due rega¥d lo guidance issued ty the Charity CommissKM in decJing what aclivitios Ihe charity 8hould undertake. Achlevements and p•rfo+Thanca This has been the ntnth year for the Charity since becoming a Charstabte Incorporated Organisati(>n. The ch#tity ": accomplishes its aims by Providing casual and compeliiive b(wJtt)g to the ¢ommLtsnty ot Gateshead ond tt $urrounding area whilst also introducing a seth)n on a s4[11ay moming. Flhancial reyiow 2023r24 has been a stable year. At the yea¥ end strong rèseryes reMn with an ovetalt breakeven rfo[TaTrce wh(ch is encouraging gNen the Trent cost of INing Cs$S. Income for the year was £95.410 (2023.. £103.271} cow4ng mainly from tho café and bown9 fees. Outgomigs vme "" £95,004 {2023.. É97.859} leaving a net Surplus of £40612023. £5,412}. Ros¢ry0¥ poli¢y At 30 September 2024 the tharity had tota5 serveS of £274.021 (2023.. £273.8151 of whith £203,037 12023.. ' £189:9341 are dassed as free reserves. The charlty does not ca&rretitty have a forn1 wrves policy howthr plans . to use availabte free reserves are mainfry to fund th6 genèral upkeèp and maintenance of the bDwling club. Rtsk managèm•nl The trustoes have a tluty lo idenlfy and review the risks to whth the charity is exposed and to ensure appropria18 ¢tsnlr()1s ¥rtr pla¢% to provide rea50nabfe assvrancE against fraud and error. The charrty has adopted a (isk management strategy. The risk management slrategy foms part of ¢hariV$ tJveMH . inlemal control slTUCture and corporafe govemance arrangements. The strategy provides defintltons of relevant teminology aod details respOn4fy and accountatH'lity thIn the thanty. The stratèyy also descntw the manageTrent proces8, including the hlentification and MeasuMent of risks and the main tèporttn9 affangements. . Risk appettte is the term used to detennine the amowit of risk that 1$ approwiale for the ¢hanty. Risks are e4msidered on an indldual basis using a iisk modd to detem7ir the Impad and bkelFhwd of a potentsal itsk *nd the appropriatè response to the out¢ome of rneasuring eadi ris
GATESHEAD INDOOR BOWLING CLUB TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Pln8 for fuhTh perlods The Tnislees gtx'ng lOard have taken into c0nstdetIO thè prestsnl gkjbal finanaal srtu8tton and effetts IÈ '" have on the petsonal afojmslances of Ihe mI)ets by adoptw thg fo 4¢#Ms.' 1. No sncrease to the 3nntsal memb&slKp fees 2. No increase to match playing fe$ 3. To awarfi a one off f¥ee Membe¥ paymenl to apwo¥imatety 60 mtmbws have gr¥an valuabl& ¥(>luntsry s&rvicè over the past year 4. 140 ¢aprtal eXnd unlil 2023r25 S. Sinking fijnd tevels to ease Stru¢trr, govem•tt¢+ and managemont The chanty Ss o)ntroPed by tts govetThng dwJmented. a dee(J of trust and ¢onslitutes a ChaiitabF¥ In¢grwr8tsd ': ' :. OrganIs31KIn. The rustees who sef¥ed durtn¢J the year and up to the date of stgnature ofthe statements were: Mr G Hacett Ms J Alkin50n Mi K Alknnson Ms M N0 Ms J Diball MT G McAllister Mrs D L Stephertsf Mr J O Stephenson From tlmè to it is neceswy for the thwity lo recnmt rTrv4Y TteeS to feplace those that have eithEr resigned "' . . . ': . ;:. . during IheiF term ofoifKe. or by way of antscapaty planned retÉrements afterthe C#)rTr of a singtetenri.. When a ¥at>n¢y oei#Jt$. trfè Board wil detemine the mtx ol skdls and ttyrienca rwedèd so as to ensure a fvly :": . ftsnth"oning team of Trustees and seek to Kjentsfy mdiimduals WIK) appeat to Ive the qualiti$ and inter¢sl h .. .. what the charity does. . Thè Charity is goyemed by a Board of Truslees. The Board meets tth8n to with any spec4ffG Issues, inclLfding issues (x)ncmlng finarK, finan¢ial wulatI$. pMSe5 and a$sgt m8nagemwL The trustees, reportwas apryoved by the Board of TNstees. Mr G Hadlett . Tnlee
GATESHEAD INDOOR BOWLING CLUB INDEPENDE14T EXAMINER'S REPORT TO THE TRUSTEES OF GATESHEAD INDOOR BOWLING CLU8 ' ¢+11vIfOr fh• Sesthts20Z4. RtspoMlblllls atyj b3$is olrtport A ¢&e tr1&% 41 Ib• ¥haiiy 4rt fwon¥th th& PTWOt¥m lit der I¢SISkknp #fi 201¢ A I Iwe :orywkled eXOnW10'.rf. I confim¥ ir no rrthts ha Its thy in tl Fvtydswwv I¥Xk8O re4vA ol (N• thardy as iewK•d by 4 30 ofm• or tho I[n81 stoleff.enls > r44 atrnrrt sth thowfé¢$. T czfflkry ¥ffjlh Ihe rgtyt¥•mts # lom> awl % .. . CWV?.v+ a £TrJ Iw ¥w'knthJs fKI a mth ¢trsthred 94 part tjl •n rt>aepeNt exaniatrOlL be ttwr ittll48 tw. OF¥Jw 10 a proFg5 otth6 h)¥wal be ¥èrnx¢yI ENJ1
GATESHEAD INDOOR BOWLING CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Current financial year Llnr•5bictsd nds 2024 Capttal fvnd 2024 2024 2023-. Ilotss Donations and g4¢10S Charitabte acttmlies Other trading actiwties Investments 917 65,761 28.383 1,266 65,761 28,383 1,266 Totsl Ineom• 95,410 95,410 103.271 Raistng funtjs 15,341 15,341 12.651 chaTltae a¢tMtss 20,f)Oi 79,663 Total 1•8ou¥e•$ txpwd¢d 74.403 20,801 97.859 N•t incoming Ms¢ree$ llorn tr•N310rn 21.tyJ7 120.801> Gr035 transfers betsveen fijnds (7.gJ4) Net income for the yearl N$t tnovèm•nt In funds 13,103 112.697) F¥jr balanees 011 Ocober 2023 189.934 83.881 273.615 Fund b#latrx•¥ •t 30 Sept•nb•r 2024 203,037 274,021 Thè statement ¢h financial a(Xivibes if(JeS a# ywns aEKI tosw in tho year. . The statement of far1 actsvites irh*Jdes al gains and keS reca)gnised in the year. Ah ÈfKL)me aTKI expendiiure . :" dertve from ts)ntinuing alt.
GATESHEAD INDOOR BOWLING CLUB STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Pflor fin•n¢i•l y• Capllal fund . fvnds 2023 2023 2023 mè Donations arsd legacies Charitable aclivrties Other trad1r aclivit Investments 917 67.813 . 33,2 639 33,902 Tolal Incom• 103.271 Ral$E fvnds 12.651 12.651 charitsb a¢tMbes 22,986 85.208 74.873 22,986 97.859 Net In¢omln9 rnsourw befV• tr•nsf•rs 28.398 122.9861 5,412 Net In¢ome for Ihe yearl . Net movemrt in lund¥ . 28.398 {22.986) 5.412 Fund balances at l October 2022 161,536 1C6,667 Fund balanc at 30 S•ptwthr 2023 189.934 83,681 273.615 The statemtrnt of finan¢¥31 adi¥t$ inc>Jde5 al gains and1055es rec£gnised in the yèar.AH 4ncorne and exp1bJr8 "" dwive froTn cont¥nuing activiliès.
GATESHEAD INDOOR BOWLING CLUB BALANCE SHEET AS AT30 SEPTEMBER 2024 2024 . 2023 Fixèd ¥¥#ots Tangible assets 11 83,681 Debtors Cash al bank and in ha¢xl 12 5,814 207.638 190,945 213.452 200,250 ¢r*rtitorn: amounts lalung du• wltrsln one year {10.415} (10,3161 N•teurr•rt ass•ts 203.037 Total assets less cufrnnt liabiliti 274,021 273,615 The Mnds of charlty Designated funds Unrestricted funds 14 15 70,984 203.037 83,681 274,021 273.615 13.(I:xy.. The finana81 stsletT]ents weo appmed ty the trustees on .. .. . .. Mr G Ha¢kett Tnwtso
GATESHEAD INDOOR BOWLING CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Ac¢ounting poli¢ie Charity Infonnat14Jn Gateshead Inrtoor Bowling Club ts a Charita140 IncofWM3tI Organi5ation (charity numbw.. 1164286}. The :. regISted office is based al Indoor Bowlry Centre. Gladstone Tefface. Gateshead, Tyne and WgaT. NE8 ." 4DY. 1.1 A¢¢ountlng convention The finanu31 statements have been prepared in actoftlance with the Chariti99 Ad 2011 and 'A(x¥)unling WKI .'"' . . Reporting by Ch8F51ies.' Slalemenl of Recommended Pradicè appltcable io tharitiès preparing their a¢couDts ;:" . tn ac¢ordante wÉth the FTrTrancial Reporliftg Standard appli<sbte in the UK and Reptsbjic tsf Irelard (FRS 102) (effective 1 January 2019)-. The chafty is a Public Benefft Entrty as defined by FRS 102. The charity has tsken advanlw of the provisions in Ihe SORP for thariiies apptying FRS 102 Uwlate ":" Bulleltn 1 not to prepare a Statemwrt ofcash Fturts. The finanoal slalements are Pf8pared in Ste19, which is the fvnctional of the charity. Mon8tary '.: . . amounts in these finan¢Tral stslements are rounded to the nearest £. The finarsty41 statements have been prepared under the historM?I cosf fx)nwention. Th8 prinpaI ac¢ounling :: poliues adopted are set o(tt befw. 1.2 Golng concèrn At the time of approving thè finaniial 8lements. the tnJ51ees have 8 aSonabl8 expectsltim that the drity .. has adequate ¥esoute6s to contJnue in operatK)naJ e$tence lor Ihe foreseeable ftture. Thus th8 tnjstees :.. continue tts adopt the going concern ba&"s of accounting in preparin9 Ihe finaal statements. 1.3 Charltsbl• funds Unrestricted fwid$ ar¢ a¥aAable for use at the dISetOn of the tru51ees Mi fvrtheranr of thelr charitable obièctlves. Restr#ed fvnd$ are $ubJ8¢t lo spetyfic condthns by dorKKS or grantors a3 to they may be used. The pw3e$ and of the restiiraed fun¢ts are set oul in the notes to the finanrial staternents. Endowmenl are subj.ett to specific condttsons by donors that the capttal must be maintsined by th@ ".:. Larity. 1.4 Income Incomè is re(x)9nised when the charity is tegally enllled to it after any performance condlions ha¥8 been mat, Y)e amounts can be measured reliably. and it is probable thal income will be fecetved. Voluntary kncome by way of grants, dorations and gifts is induded in lull in the Statement of . Finanual Adivibes when receivable. Grants. whefe entitlement is not conditional on the delivery of a spècific perff)m8nce by the carity. are recognised wIn the charty tc&S Ltncondrtfonamy entitled to th& giant. .. . Incomitlg resourtss from other trading *IlieS are recognIs in fiJR tn the Stalement of Financial ActiY41i88 . .. when f$¥3b10.
GATESHEAD INDOOR BOWLING CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting polici•s ICor>tlnrf:"' Expènditijrn All expendire is accovnted for on an accwats basis and ha5 been das%fjed LHhler headings Ihal aggregate all costs related to the £ategory. WheTe costs cat7r¢ot be diiecty attributed to particular headings they have '. . been aHocateO to a¢ts"vikn6s on a basis cons5Stent with uso ol the resources. Expendrttsre indLides any VAT ": . which cantitst be ft&Wy recovered, and ts reported as part oflhe expenfliiure to wtiith it felÈS". - ExpendItE[ on raising u)mwise the cost5 asswaled with obta1FMl incomè from other trading .: . activities. - Charilable eXpendire comprises those costs incjjrrgd by th9 tharity in the delivery of its a¢195 and seNi¢eg for its bgnofvaries. 1.6 Tangiblo fixod ass•ts Tangible fixed assets are initi• rnéasu at o)sl and SubSeqLnY measured at e4st or walLl¥tion, nel ol "" flepreaation and any Impalmnt losses. DepieciatKJn is recognised so as lo wrte off ujst or ¥aal)n of assets kss thèir fesi(lual valuès ¢)¥w trir "" seftjl lsves on the following bases.. Flxtures and fittin9S Computers 50%1r19 equipment 25% redwng balat 25°A stratght line 10% 51Taight bne The gain or k)ss arising on the di5P05al of an asset is detemiined as the differencè between the sale . proceeds and Ihe carrying value ofthe asset. and is recognised the statemenl ol knnrA81 actiwitses. 1.7 Impairnient of fixed a&8ets Al each reportTng end date, the eharty reNryews the iffwng amounts of its tangible asseis tts determine whether there is any lJICa.0 that those assets have suffered an impairnent bss. If any 8u( indication exists. the renJ¥erabte amount of the asset Fs eslimated in ordw to (temine the extw of the 1MpatrnnI .. loss {Kanyl. 1.8 Cash and cash equlvalents Cash and cash equivalenis cash in hand. deposits hebj at cau with bank5. OtPRr short-temi hquid .. investment¥ WEth or4ginal maltsiities of three months orloss. and bank overdrafts. Bank overdrafts are $h¢)wn . within bommngs in cuirent lu?kn"Irtiès. 1.9 Taxatiot) The cha£ty is exempl from lax on its ¢lwilable #r¥itres. 1,10 Credltorn and provislons Credrtors and proviyons are rectsJnised where the ¢anty has a present obfigation arising from a past event "... that WIH probably result in the transfer of fvnds lo a third party and the amount due to settle the obffgth.on can be measured oi esumated rebabFy.
GATESHEAD INDOOR BOWLING CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unr•strl¢ted funds 20Z4 2023 Donations and gffts 917 In¢pmo from ¢harftabl• •¢bvitt•s . . Unrestrkted Unrestr¥ctod :" '" . nds 2024 2023 Charitable activitles Membership aml iniJ)me 65,761 67.813 Incom• from other tradlftg ac1fv51i lunds 2024 fimdts 2023 Ltsdter lees arHI olher Inm8 Floom hire Cafe inwne 3.972 2,231 22,180 4,318 9.803 19.781 Other trading actiwbes 28,383 33,902 Expendltur• on rnisiTrg funds funds 2024 lunds 2023 Othèrtsathn9 2¢tivltlos Cafe expenses Bowling emmbershq) fees 13.013 2,328 15,341 12,651
GATESHEAD INDOOR BOWLING CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charitable activili Charttsbl• Chrltsbl• ' . •¢tivrflès activtiio¥..: 2024 2023 Rates Ènd walw Insurance Light and heat Telephone Postage ¥nd stationery Sundries Repairs and renewaEs Depn of bowling equipment Depn of fxtures an(f fittings Depn of compul¢r equipmenl 8,396 4,332. 27,356 918 1,149 14,715 857. 14,751 1,632 8,153 12,448 8,153 34,ff21 212 78,243 83,688 ShaTe ofgoveman¢¢ costs (see note n 1.420 1,520 79,663 85.208 An by fvnd Unrestrlcted funds Designated funds 59.062 20,601 62.222 79,663 85.208 Support costs allocatrd to actfvli09 2024 2023 Go¥ernance costs 1,420 1.520 AnIld between: Charitsble tvibes 1.420 1,520 2024 2023 Govornance costs compfls•: Lègal and professts)nal Independent Eexaminats'on fees 122 1.298 1,424 1.420 1,520 10-
GATESHEAD INDOOR BOWLING CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Nèt mo¥•m•nt in fun 2024 23 The net movement in fijnds is ststed after Charg1(ClIEngj. Deprociati ofow)ed langible fqed assets 20.601 22.988 tNstees None of the Irustees lor any persons o)ntwtèLI wrth them) recewed any remunerntion or bonefrts from ¢harity during the ygar. 10 Ta¥afjon The charity is exempt fmm 13xalion on its athTrriti"es be(¥use a# Éts in(¥) is app&pAf forcharitable purposes. 11 Tangible fixed asstts ulpm¢nt Cost At 1 October 2023 . Addits<Jns 2,828 274,426 At 30 Soplembgr 2024 197.969 2,828 81,533 282,330 Depyeciation and impaInTnt Al 1 October 2023 Deprecial(on chafged in the yr 146.217 12.448 2,828 41,700 8,153 20,601 At 30 September 2024 158,665 2,828 49,853 Corrying #mount AI 30 Swembor 2024 39,304 31,680 AI 30 September 2023 43,848 83,681 12 Debto 2024 famlng du• wlthln on• y•or Trade debtors Prepaymer¢ts and accrued inr¥)mé 5,814 9,304 5,814 9.305
GATESHEAD INDOOR BOWLING CLUB NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 13 Creditots. arnounts falllng duo Mthln y•ar 2024 2023 AtsFuals arKI deferred in(x)me 10,316 14 Dèsigft4ted fund$ Thesè are endowment funds fijnds whith a material to the tha1[$ a01e5. At l October R•sourc•s 2023 exnd#d Transfers Caprtal fvr 83.681 120.601) Provlou¥ y••r: At l October Resources 2022 •xpded Transfern At3fj September .: 2023 1¢A.667 (22.986} 15 Unrestrlct4d fvnds The unrestricted fvnds of the dwty comprtse the LInpeIded balances of donations and grant$ whith a nol subject lo Specif ¢ditIonS by donors and grant0 a5 to h¢N they may be Lt58d. These Èndudtr deswnatedfvnds whth haye kn set aside out of Unfe5trK#ed funds ty the tntslee$ for $pe(¥fi¢ puwoses. At l Ott(b•r kn¢omlng Rostiurces 2023 Ywivrtes 0Xnd Trnnsfers At30. S9pt•Mr .' . 2024 Capital fijfvj Genoraf funds 22.986 180.051 166.948 95.410 {74,403) 17.9041 189.934 95.410 (74.403} 17.904> 203,037 Prevlo y•ar. At 1 October Incoming Re¥oufces Traftsfern At30 2023 Capital fvnd Gelleral funds 1t*.867 (22,986) 151.88n 103.271 161.536 103.271 74,873 12-
GATESHEAD INDOOR BOWLING CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 16 Anaty•ts of notaJ•ets bètw¢•n lund• Unr•strtct•d O•slgnate41 funds funds Total 2024 2024 2024 At 30 Seplember 2024". Tangible assets Current assels1{thabilitsès) 70.984 203,037 203.037 70,984 274.021 funds 2023 2023 2023 At 30 SÈpt8mbw 1023: T?ngiblè assets CLFrreni assets1(bItés) 83.681 83,687 189.934 189.934 189,934 83,681 27&615 17 Rel4tsd party lrnfisa¢tlons . There were no di¥ch3sable related party tran5actin5 during the year12023- . 13-