2023-03-31-accounts - St Patrick's Hall Organisation Consett

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St Patrick’s Hall Organisation Consett Report of the Trustees and Financial Statements Year Ended: 31 March 2023 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 - 10

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[ST] MARCH 2023

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 2023/24. In addition to the hire of the hall to additional user groups the Trustees are continuing such activities as luncheon clubs, tuition in understanding and using computers and other activities beneficial to our parish area.

FINANCIAL REVIEW

Reserves policy

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 charity has acheived the its objective and the reserves have reached the required 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 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 2022/23 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 W Simmons P Walls Treasurer M Westgarth Chair

Staff

Joseph Dodds – caretaker/handyman

Bankers

Lloyds Bank, Middle Street, Consett, Co.Durham

St Patrick's Hall Organisation

Movement of Funds year ended 31st March 2023

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 2022 Total Funds at 31 March 2023	Unrestricted Funds Restricted Funds 2023 Total Funds 2022 £ £ £ 288 288 102 3800 3,800 27,322 27,32 2 21,208
	27,610 3,800 31,41 0 21,310
	4701 4,701 2,535 13,880 - 13,88 0 17,250
	13,880 4,701 18,58 1 19,785
	13,730 -901 12,82 9 1,526
	13,730 -901 12,82 9 1,526
	13,268 10,253 23,52 1
	23,620 12,135 35,75 5

Balance Sheet as at 31[st] March 2023

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 Reserves	2023 2022 0 0 36,150 23521 0 0 508 0
	36,658 23521 1,117 1702
	35,541 21,819
	12,135 10,253 17,146 11,566 6260
	35,541 21,819

Signed M Westgarth (Chair) P Walls (Treasurer)

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

Liabilities are recognised as expenditure in the period in which they are paid.

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.

Total

2 Donations

Unrestricte Restricte

Total 2022

Amazon M Westgarth Anon Rotary Club BBC 3 Incoming Resources Donations Hire charges for Hall Events/Activities Grants	d 5 6 22 205 50	d 2023 5 500 6 22 205 50
	288	0 288 500
	Unrestricte d 288 24730 2591	Restricte d Total 2023 Total 2022 288 500 24730 4668 2591 171 0 10652 3800 3800
	27609	3800 31409 15991

4 Total Resources expended General Administration Staff Wages Repairs and Renewals Utilities Events Grant expenditure	Unrestricte d 3249 4260 3048 2902 421	Restricte d Total 2023 Total 2022 3249 2979 4260 3703 3048 3759 2902 6646 421 163 4701 4701 2535
	13880	4701 18581 19785

5 Staff Costs Staff Wages	Unrestricte d 4260 0	Restricte d Total 2023 Total 2022 4260 3703 0
	4260	0 4260 3703

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 None	Unrestricte d Restricte d Total 2023 Total 2022
	0 0 0 0

8 Creditors due within one year St Patrick's RC Church 9 Grants B/fwd 2022 Income Expenditure C/fwd 10 Stock Bar stock @ 30th March 2023	Unrestricte d Restricte d Total 2022 1117 1117 1702
	1117 0 1117 1702
	Unrestricte d Restricte d Total 2023 Total 2022 13036 13036 15631 3800 3800 0 4701 4701 2595
	0 12135 12135 13036
	Unrestricte d Restricte d Total 2023 Total 2022 508 508 0

508 508 io