REGISTERED CHARITY NUMBER: 1178676
Report of the Trustees and Financial Statements for the Year Ended 31 March 2023 for Sussex Pavilion Community Group CIO
SKS Bailey Group Limited Suite 32/33 Normany Gateway, Lysaghts Way, Scunthorpe North Lincolnshire DN15 9YG
Sussex Pavilion Community Group CIO
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 7 |
| Detailed Statement of Financial Activities | 8 |
Sussex Pavilion Community Group CIO
Report of the Trustees for the Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 2019).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1178676
Principal address
The Pavillion Sidney Sussex Recreation Ground Brereton Avenue Cleethorpes N E Lincolnshire DN35 8AB
Trustees
H F Chase - resigned 13/6/2022 G Ellis S Pygott - deceased 30/6/2023 J Clark V A Taylor - resigned 21/6/2022 S Ellis K Donoghue - appointed 6/8/2023 S Ritchie - appointed 6/8/2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity was registered by a Constitution dated 6 June 2018, as amended on 18 September 2019, and registered with the Charity Commission as a Charitable Incorporated Organisation governed by the proper law of England and Wales.
The management of the Charity is conducted solely by the trustees.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance education and to provide facilities in the interest of social welfare for recreation leisure time occupation with the objective of improving the conditions of the life for the residents of Sidney Sussex and Croft Baker wards in the borough of North East Lincolnshire.
Public benefit
The trustees are aware of the Charity Commission guidance on Public Benefit and confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to it.
OTHER NAMES
The Charity is also known as the "Sidney Sussex Community Group".
Approved by order of the board of trustees on 26 September 2023 and signed on its behalf by:
S Ritchie - Trustee
Page 1
Sussex Pavilion Community Group CIO
Statement of Financial Activities for the Year Ended 31 March 2023
| Unrestricted Restricted fund funds Notes £ £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income - - Activities for generating funds 2 12,651 - Total incoming resources 12,651 - RESOURCES EXPENDED Charitable activities General 15,880 - Governance costs 864 - Total resources expended 16,744 - NET INCOMING/(OUTGOING) RESOURCES (4,093) - RECONCILIATION OF FUNDS Total funds brought forward 48,114 - TOTAL FUNDS CARRIED FORWARD 44,021 - |
2023 Total funds £ - 12,651 12,651 15,880 864 16,744 (4,093) 48,114 44,021 |
2022 Total funds £ 9,044 12,032 |
|---|---|---|
| 21,076 14,776 800 |
||
| 15,576 | ||
| 5,500 42,614 |
||
| 48,114 |
The notes form part of these financial statements
Page 2
Sussex Pavilion Community Group CIO
Balance Sheet At 31 March 2023
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 4 19,317 - CURRENT ASSETS Debtors 5 227 - Cash at bank and in hand 25,341 - 25,568 - CREDITORS Amounts falling due within one year 6 (864) - NET CURRENT ASSETS 24,704 - TOTAL ASSETS LESS CURRENT LIABILITIES 44,021 - NET ASSETS 44,021 - FUNDS 7 Unrestricted funds TOTAL FUNDS |
2023 Total funds £ 19,317 227 25,341 25,568 (864) 24,704 44,021 44,021 44,021 44,021 |
2022 Total funds £ 25,606 904 22,404 23,308 (800) 22,508 48,114 48,114 48,114 48,114 |
|---|---|---|
The financial statements were approved by the Board of Trustees on 26 September 2023 and were signed on its behalf by:
S Ritchie -Trustee
K Donoghue -Trustee
The notes form part of these financial statements
Page 3
Sussex Pavilion Community Group CIO
Notes to the Financial Statements for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 I January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
FINANCIAL REPORTING STANDARD 102- REDUCED DISCLOSURE EXEMPTIONS
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' - The requirements of Section 7 Statement of Cash Flows.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Improvements to property | - 10% on cost |
|---|---|
| Plant and machinery | - 25% on cost |
| Fixtures and fittings | - 33% on cost |
| Computer equipment | - 33% on cost |
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. ACTIVITIES FOR GENERATING FUNDS
Pavilion hire & fees rendered
| 2023 | 2022 |
|---|---|
| £ | £ |
| 12,651 | 12,032 |
Page 4
Sussex Pavilion Community Group CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022 .
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022 .
4. TANGIBLE FIXED ASSETS
| Improvements Plant and Fixtures and Computer to property machinery fittings equipment £ £ £ £ COST At 1 April 2022 29,331 1,584 2,068 628 Reclassification (3,286) - - - At 31 March 2023 26,045 1,584 2,068 628 DEPRECIATION At 1 April 2022 4,452 1,290 1,749 514 Charge for year 2,605 294 319 114 Reclassification/transfer (329) - - - At 31 March 2023 6,728 1,584 2,068 628 NET BOOK VALUE At 31 March 2023 19,317 - - - At 31 March 2022 24,879 294 319 114 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other debtors 227 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other creditors 864 7. MOVEMENT IN FUNDS Net movement At 1.4.22 in funds At £ £ Unrestricted funds General fund 48,114 (4,093) TOTAL FUNDS 48,114 (4,093) |
Totals £ 33,611 (3,286) 30,325 8,005 3,332 (329) 11,008 19,317 25,606 2022 £ 904 2022 £ 800 31.3.23 £ 44,021 44,021 |
|---|---|
Page 5
Sussex Pavilion Community Group CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | ||
|---|---|---|---|---|
| resources | expended | funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 12,651 | (16,744) | (4,093) | |
| TOTAL FUNDS | 12,651 | (16,744) | (4,093) | |
| Comparatives for movement in funds | ||||
| Net movement | ||||
| At 1.4.21 | in funds | At 31.3.22 | ||
| £ | £ | £ | ||
| Unrestricted Funds | ||||
| General fund | 42,614 | 5,500 | 48,114 | |
| TOTAL FUNDS | 42,614 | 5,500 | 48,114 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement in | ||
| resources | expended | funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 21,076 | (15,576) | 5,500 | |
| TOTAL FUNDS | 21,076 | (15,576) | 5,500 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 1.4.21 in funds At £ £ Unrestricted funds General fund 42,614 1,407 TOTAL FUNDS 42,614 1,407 |
31.3.23 £ 44,021 |
|---|---|
| 44,021 |
Page 6
Sussex Pavilion Community Group CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 33,727 | (32,320) | 1,407 |
| TOTAL FUNDS | 33,727 | (32,320) | 1,407 |
Page 7
Sussex Pavilion Community Group CIO
Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
| INCOMING RESOURCES Voluntary income Grants Activities for generating funds Pavilion hire & fees rendered Total incoming resources RESOURCES EXPENDED Charitable activities Rates and water Insurance Telephone Postage and stationery Advertising Sundries Professional fees & subscriptions Repairs & renewals and pitch maintenance Computers & software Cleaning Refreshments & consumables Pavilion Expenses & Equipment Travelling Expense Ground work expense Improvements to property Plant and machinery Fixtures and fittings Computer equipment Governance costs Accountancy Support costs Finance Bank charges Information technology Repairs and renewals Total resources expended Net (expenditure)/income |
2023 £ - 12,651 12,651 63 1,954 447 255 - 437 (61) 1,269 275 615 541 278 424 5,186 2,605 294 319 114 15,015 864 107 758 16,744 (4,093) |
2022 £ 9,044 12,032 |
|---|---|---|
| 21,076 501 2,056 578 19 91 73 197 3,005 434 1,015 592 1,608 427 - 2,933 396 635 193 |
||
| 14,753 800 23 - |
||
| 15,576 | ||
| 5,500 |
This page does not form part of the statutory financial statements
Page 8