GRAINGER PARK
Financial Statements
For The Year Ended 31 March 2021
Registered Charity No. 1166705
Grainger Park Members of the Management Committee
For the year ended 31 March 2021
The Management Committee have pleasure in presenting their report and the Financial Statements for the year ended 31 March 2021
Reference and Administrative Details
| Charity No | 1166705 |
|---|---|
| Principal Office | Scotswood Sports Centre |
| Denton Road | |
| Newcastle upon Tyne | |
| NE15 7HB | |
| Accountant | Mark Thompson MAAT |
| 42 Lesbury Road | |
| Heaton | |
| Newcastle upon Tyne | |
| NE6 5LB | |
| Management Committee | M Greenwell |
| M Johnson | |
| P Reid | |
| D McRoberts | |
| C Trotter | |
| P Taylor |
Grainger Park Annual Report 2020-21 Charity number 1166705
Objects
In accordance with the objects of the constitution Grainger Park continues to support and assist young people to develop their capabilities so that they may grow to become active citizens within the community. Our aim is to promote participation and association through the resources, facilities and funding to offer a broad range of activities, programmes and services that improve the condition of life. Trustees will continue to secure and retain the centre and facilities for the local community in order to further the objectives.
Summary
Like so many Charities and voluntary organisations our year has been totally dominated by the rise and spread of Covid-19. The centre was closed for large parts of the year first from March to Nov and then Jan to February. Despite the work of Trustees and volunteers in getting the centre Covid safe we were only able to have 18 members in the centre at any one time. Grainger Park became a Boxing Charity after the football section moved to become a Charity (CIO) in it’s own right. In February 2020 Trustees agreed a new Constitution and Development Plan to take Boxing forward. Our aim is to be the Go to Place in the North East for Boxing development.
The support of volunteers is really appreciated and invaluable. We continue to attract members to various boxing sessions led by coaches who have a long association with GP Boxing Club. Social media challenges were set by two of our trustees to keep members involved, engaged and active. This led to many challenges being set by coaches and member alike.
GP did benefited greatly from support funding from the Local Authority, Port of Tyne, Sports Lottery and Police Crime Commissioner.
The year ended as it started, the pandemic still affecting our operation. Restrictions still preventing us from opening our doors to all who wanted to train, but trustees were steadfast in getting the message out that GP will be open for business and ready to receive our members in a safe secure and Covid free environment.
Signed: ……………………….. on behalf of the Trustees, date: ……………..
INDEPENDENT EXAMINER'S REPORT
Report to the trustees of Grainger Park
| On accounts for the year ended |
31 March 2021 Charity no 1166705 |
|---|---|
| Respective | The trustees of the organisation are responsible for the preparation of |
| responsibilities of | accounts; they consider that an audit is not required for this year under |
| trustees and | section 144(2) of the Charities Act 2011 and that an Independent |
| examiner | Examination is needed. |
| It is my responsibility to | |
| • examine the accounts (under section 145 of the 2011 Act), | |
| • follow the procedures laid down in the General Directions given by the | |
| Charity Commission (under section 145(5)(b) of the Act), and | |
| • state whether particular matters have come to my attention. | |
| Basis of | My examination was carried out in accordance with General Directions |
| independent | given by the Charity Commissioners. An examination includes a review of |
| examiner’s | the accounting records kept by the charity and a comparison of the |
| statement | accounts presented with those records. It also includes consideration of |
| any unusual items or disclosures in the accounts, and seeking | |
| explanations from the trustees concerning any such matters. The | |
| procedures undertaken do not provide all the evidence that would be | |
| required in an audit, and consequently I do not express an audit opinion | |
| on the accounts. | |
| Independent | In the course of my examination, no matter has come to my attention: |
| examiner's | 1. which gives me reasonable cause to believe that in, any material |
| statement | respect, the trustees have not met the requirements to ensure that: |
| • proper accounting records are kept (in accordance with section 130 of | |
| the Act); and | |
| • accounts are prepared which agree with the accounting records and | |
| comply with the accounting requirements of the Act; or | |
| 2. to which, in my opinion, attention should be drawn in order to enable a | |
| proper understanding of the accounts to be reached. | |
| Signed: | Date: 15 December 2021 |
| Name: | Mark Thompson MAAT |
| Address: | 42 Lesbury Road |
| Newcastle | |
| NE6 5LB |
Grainger Park Statement Of Financial Activities For the year ended 31 March 2021
| Incoming Resources Notes Grant Income 2 Donated Income Venue Hire & Rent Utilities Contribution Events 3G Hire Football Subs Boxing Subs Bank Interest Generated Income & Donations Total Incoming Resources Resources Expended Direct Charitable Expenditure Consultancy Heat & Light Repairs and Renewals Rates and Rent Water Rates Insurances Premises Licence Cleaning & Maintenance PPA Equipment Telephone & Internet Event Expenses Accountancy Fees Training & Coaching Courses Fuel & Transport Costs Rent (Boxing) Boxing Registration Fees Boxing Equipment & Trophies Football Expenditure Volunteer & Sundry Expenses Total Resources Expended Net income (expenditure) for the year Net Movement Between Funds Total Funds as at 1 April 2020 . Total Funds as at 31 March 2021 |
Unrestricted Funds 60742 3353 3849 1657 2458 72059 2500 5484 580 1411 3463 159 823 1087 437 525 254 380 247 17348 54710 0 29297 84007 |
Restricted Funds 15300 15300 12800 2500 15300 0 0 0 0 |
Total Funds 2021 76042 3353 3849 1657 0 0 0 2458 0 0 87359 2500 18284 3080 0 1411 3463 159 823 1087 437 0 525 254 0 0 380 0 0 247 32648 54710 0 29297 84007 |
Total Funds 2020 7020 900 21363 1200 0 820 13134 70 320 |
|---|---|---|---|---|
| 44827 | ||||
| 5865 794 19978 3028 595 3463 21 1133 0 1124 979 500 240 856 6750 145 1226 500 0 |
||||
| 47197 | ||||
| -2370 0 31667 |
||||
| 29297 |
Grainger Park
| Balance Sheet as at 31 March 2021 | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Notes | £ | £ | £ | £ | |
| Currents Assets | |||||
| Boxing Bank | 20814 | 14863 | |||
| Cash at Bank | 68193 | 24434 | |||
| 89007 | 39297 | ||||
| Current Liabilities | 2 | 5000 | 10000 | ||
| Net Current Assets | 84007 | 29297 | |||
| Net Assets | 84007 | 29297 | |||
| Funds | 4 | ||||
| Restricted Funds | 0 | 0 | |||
| General Funds | 84007 | 29297 | |||
| 84007 | 29297 |
Approved by the Committee on ……………………………..
and signed on their behalf:
………………………………………………………
………………………………………………………
Grainger Park
Notes to the financial statements for the year ended 31 March 2021
-
1 Accounting Policies
-
1.1 Basis of preparation of accounts
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006
Grainger Park meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
1.2 Grant receivable and local authority fees
- Grants received are accounted for on a receivable basis and credited to income. Any grants restricted to future accounting periods are deferred and recognised in those accounting periods.
1.3 Funds
Restricted funds comprise funds subject to specific restrictions imposed by donors and funders. Designated funds are set aside by the Management Committee as described below (see note 4) Unrestricted funds comprise funds which can be used in accordance with the charitable objectives at the discretion of the Management Committee.
1.4 Expenditure
All is included on the accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one if the functional categories of resources expended in the SOFA. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
2 Grants Received
| Grants Received | ||
|---|---|---|
| Garfield Weston Foundation | 5000 | |
| Newcastle City Council | 55742 | |
| Northumbria Police | 7800 | |
| Sports Lottery | 7500 | |
| Total Grants Received | 76042 |
Note: the total amount received from the Garfield Weston Foundation was £15,000, which is to be used over three years, £5,000 per year. The remainder is shown as a Liability on the Balance Sheet.
3 Employees
During the financial year, no staff were directly employed by the Charity
4 Analysis of Funds
| Analysis of Funds | |
|---|---|
| Restricted Funds Northumbria Police Sports Lottery Total |
Balance Balance Apr-20 Income Exp Mar-21 |
| 7800 7800 0 7500 7500 0 |
|
| 0 0 0 0 |