**St Patrick’s Hall Organisation Consett** Report of the Trustees and Financial Statements Year Ended: 31 March 2022 Reg. Charity Number 1180405 ## **Contents Page** |Report of the Trustees|1 - 4| |---|---| |Independent Examiners Report|5| |Statement of financial activities|6| |Balance sheet|7| |Notes forming part of the financial statements|8 - 9| 2 ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[ST] MARCH 2021** ## **OBJECTIVES AND ACTIVITIES** ## **The Organisation** St Patrick’s Hall Organisation Consett is a Charitable Incorporated Organisation which has operated since April 2019. The charity was registered in October 2018 and took over operations formally on 1[st] April 2019. ## **Objectives** To provide a substantial community facility and services for the benefit of the people of Consett and its surrounding area without distinction of sex, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities and services in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for said inhabitants. ## **Activities** As the Covid restrictions have relaxed many of our clients have returned to the hall during the course of the year and it is expected that we will continue to grow during 2022/23. In addition to the hire of the hall to additional user groups the Trustees are continuing to renew such activities as luncheon clubs, tuition in understanding and using computers and other activities beneficial to our parish area. ## **FINANCIAL REVIEW** ## **Reserves policy** The organisation’s reserves fell dramatically during lockdown as the accounts will show. The Reserves Policy set in 2018 stated that the organisation would aim to have 3 months reserves. The purpose of such reserves is to ensure that work continues in a managed way should the income reduce significantly for any reason, The effect of Covid was to erode our reserves and as the charity moves toward its previous income it is intended that by the end of this financial year they will be increased the desired amount. ## **Statement of Committee Responsibilities** Charity law require the Committee to prepare financial statements for each financial year which show the assets and liabilities and consolidate all the activities of the organisation. In preparing those financial statements we are required to: - select suitable accounting policies and apply them consistently - 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 organisation will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the 3 organisation. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The organisation is a Charitable Incorporated Organisation governed by its constitution, managed by a board of Trustees appointed in accordance with the constitution. ## **Organisational structure** All strategic and tactical decisions are made by the Trustees in committee who meet monthly to oversee the affairs of the CIO. Given the loss of management staff the members of the committee have taken on individual operational responsibilities ## **Risk management** During 2021/22 the major risks to which the charity is exposed, as identified by the Trustees, were and will continue to be reviewed. Expenditure continues to be monitored. Robust financial controls are in place. Health & Safety assessments and Fire Risk assessments have been conducted and such corrective measures as were needed have been taken. All other policies required under various legislation or best practice e.g. Equal Opportunities, Complaints etc. are in place ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1180405 ## **Principal address** Victoria Road, Consett, Co Durham, DH8 5AX ## **Trustees** J Bagnall T Davidson K Dimmick Secretary J McArdle Resigned 2021 W Simmons P Walls Treasurer M Westgarth Chair ## **Staff** Joseph Dodds – caretaker/handyman ## **Bankers** Lloyds Bank, Middle Street, Consett, Co.Durham 4 CHARITY COMMISSION FOR ENGLANO AND WALES Independent examinerfs report on the accounts Section A Independent Ex3miner's Report R•portt• th• tru•teesl mémbers of St Pa¢ri&k'5 Hall (kwi8ation Congdt On accounts for the year endod . 31° March 2022 Chartty no . 1181405 Set out on pa I report to the tru8tse$ on my examination of the accwnts Ofthp above chaThty Ixhe Tntsfi forthe yèarended 31￿ March 2022 Responalblliths and ¥18 ol roport As the tharrtlstrustees, you are responsible forthe preparation ofthe accounts in ac￿rdarts thè Nuirements ofthe Charitiès Act2011 I'th8 A￿1. I rep￿ in re5P8Ct of my examSnation of the Tru8Ys a¢c¢unts carr￿d out under section 145 of the 2011 Act and in Car￿n9 tsut my examination. I have follth%Ed 811 appliGaLle Direction8 gNen by the Charity Commis$w)n under section 14515llbl of tha A¢t. Indèpendènt I have comyeted my examination. I that no m8t8rlal mdtterB have •x4minèrfs 8tat4m•nt come lo my attention in connectK)n *ryth the examinatK¢n IDther thaTr that (li8cb8ed bElow'l whKh gives m$ cause lo telieve that in, any material respect." the accountir8 records ware not kept in accOrdar￿* *ilh 5eGkn 130 ofthe Chath$ Act., or the accounts did not acC￿r￿ ￿ the accounting rewrd5. Cf accounts dKt not comply wth IF* 3pplicatrAe requirements conceming the lorm and content of acGount5 88t out in the Charth88 IAecwnt5 qnd Rewrtsl Régulations 2008 other than any requirement thatth¢ aGwunts gNe a Itue and fas￿ whi¢* Is not a matter considered as part ofan in(Jependent examination I have no con￿rn5 have Qyne across no other matter5 in connecti th the examin*ion to wh￿h attention 5houkd ￿ drawn In Ihi5 report in orderto enab* a understand¢ng of th8 acujunts to ￿ re8ched. . Ileipse dthle thg wots¢s in the br8ckets rfthey do nol 8ppty Name: | J A McArd Rdovaftt prof•s8ional qualMc*tlott(sl or bc4ly Addr•¥8: , 31 E4ilh Slr8et, Consett Co. ￿rtWn. DH8 SDN Oct 2018 ## **St Patrick's Hall Organisation Movement of Funds year ended 31st March 2022** |**Notes**
**Incoming Resources**
Donations
2
**Activities to further the Charity's**
**objects**
Grants
Hire charges, fund raising events,
activites
3
**Total Incoming Resources**
**Charitable Expenditure**
Expenditure relating to grants
4
Management and administration
4
**Total Resources Expended**
**Net Incoming Resources**
-Net Income for the year
**Net Movement in Funds**
Total Funds at 1 April 2021
Total Funds at 31 March 2022|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**2022**
**Total**
**Funds**
**2021**
£
£
£
102
102
500
0
0
0
0
0
0
21,208
21,208
5,449| |---|---| ||21,310
0
21,310
5,949| ||2535
2,535
0
17,250
- 17,250 11,716| ||17,250
2,535
19,78511,716| ||4,061
-2,535
1,526
-5,767| ||4,061
-2,535
1,526
-5,767| ||6,364
15,631
21,995| ||13,268
10,253
23,521 21,995| 6 ## **Balance Sheet as at 31[st] March 2022** |Notes
**Fixed Assets**
6
**Current Assets**
Cash at Bank
Debtors
7
Stock
Creditors: amounts due with one
year
8
Net current assets / liabilities
Restricted Funds (Grant only)
Unrestricted Funds|2022
2021
0
0
23,521
21995
0
5440
0
0| |---|---| ||23,521
27435
1,702
7328| ||21,819
20,107| ||10,253
15,631
11,566
4,476| ||21,819
20,107| Approved by the committee Signed M Westgarth (Chair) Signed P Walls (Treasurer) Date 30/9/2022 7 ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] March 2021** ## **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 1 January 2015)', and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has received the funds. ## **Expenditure** ## **Governance costs** Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit and accountancy fees and costs linked to the strategic management of the charity. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 15% on reducing balance Office equipment – 10% on reducing balance Items of equipment are capitalised where the purchase price exceeds £200. ## **Stocks** Stocks are valued at the lower of cost and net realisable value. ## **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. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 8 |**2 Donations**
Mrs Narmathan
Anon
Amazon
Anon
**3 Incoming Resources**
Donations
Hire charges for Hall
Events
Activities
Other
Grants
**4 Total Resources expended**
General Administration
Staff Wages
Redundancy
Repairs and Renewals
Utilities
Events
Covid Costs
Grant expenditure
**5 Staff Costs**
Staff Wages
HMRC Furlough|Unrestricted
50
5
27
20|Restricted
Total 2022
Total 2021
50
500| |---|---|---| ||102|0
102
500| ||Unrestricted
102
19568
87
0
1553|Restricted
Total 2022
Total 2021
102
500
19568
4668
87
171
0
10652
1553
0
0| ||21311|0
21311
15991| ||Unrestricted
2979
3703
0
3759
6646
163
0|Restricted
Total 2022
Total 2021
2979
2076
3703
14844
0
4958
3759
490
6646
163
0
2535
2535| ||17250|2535
19785
22368| ||Unrestricted
3703
0
0|Restricted
Total 2022
Total 2021
3703
0
0| ||3703|0
3703
0| ## **6 Tangible Fixed Assets** There are no fixed assets. All assets were transferred to the CIO by the organisation it replaced. As the items were approximately 10 years old there was no residual book value ## **7 Debtors** |**7 Debtors**
St Patrick's RC Church
**8 Creditors due within one year**
St Patrick's RC Church
HMRC|Unrestricted
Restricted
Total 2022
Total 2021
0
3000| |---|---| ||0
0
0
3000| ||Unrestricted
Restricted
Total 2022
Total 2021
1702
1702
7274
0
54| ||1702
0
1702
7328| 9