St Patrick’s Hall Organisation Consett Report of the Trustees and Financial Statements Year Ending 31[st] March 2024 Registered Charity No. 1180405
CONTENTS PAGE
| Report of the Trustees | 3 |
|---|---|
| Independent Examiners Report | 6 |
| Statement of Financial Actvites | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 |
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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
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 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
The hall provides facilities for community groups, leisure activities, and health and welfare groups. It is also used by the NHS for their blood donor service and other local government groups for keep fit and healthy living courses. Other users include craft groups, slimming world, lunch groups, afternoon teas, birthday parties and celebration events. Many of our local residents, and groups benefit from the use of the hall, and our events have supported a number of charitable organisations.
The charity provides a well maintained and managed facility for community groups and individuals to meet and enjoy their chosen activities.
FINANCIAL REVIEW
The results for the year are shown in the Statement of Financial Activity on page 7. The charity’s Balance Sheet is shown on page 8.
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 achieved the objective and the reserves have reached the required amount.
Statement of Committee Responsibilities
Charity law requires the Committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the year end and of its incoming resources and resources expended during the year. In preparing those financial statements we are required to:
- select suitable accounting policies and apply them consistently.
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-
make judgements and estimates that are reasonable and prudent.
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
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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 2023/24 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.
Registered Charity Number: 1180405
Principal Address: Victoria Road, Consett, Co Durham, DH8 5AX
Trustees
J Bagnall T M Davidson K Dimmick Resigned 12/10/2023 W Simmons Secretary P Walls Treasurer M Westgarth Chair D Barrass Appointed 04/04/2023 M McArdle Appointed 20/02/2023
Staff
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Joseph Dodds – caretaker/handyman Jadwiga Kobieuis – cleaner
Bankers
Lloyds Bank, Middle Street, Consett, Co.Durham
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Independent examiner’s report to the trustees of St Patrick’s Hall Organisation Consett
I report to the trustees on my examination of the accounts of St Patrick’s Hall Organisation Consett (the charity) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Victoria Dale
10 July 2024
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ST PATRICK’S HALL ORGANISATION CONSETT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Note | Un- restricted Funds |
Restricted Funds |
Total Funds 2024 |
Total Funds 2023 |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Incoming Resources | |||||
| Donatons | 166 | 166 | 288 | ||
| Income from charitable actvites: |
|||||
| Grants | 250 | 250 | 3,800 | ||
| Hire charges, fundraising events & actvites |
28,826 | 28,826 | 27,322 | ||
| Total Incoming Resources | 2 | 28,992 | 250 | 29,242 | 31,410 |
| Charitable Expenditure | |||||
| Expenditure on charitable actvites |
(22,889) | (2,018) | (24,907) | (18,581) | |
| Total Expenditure | 3 | (22,889) | (2,018) | (24,907) | (18,581) |
| Net Incoming Resources | 6,103 | (1,768) | 4,335 | 12,829 | |
| Net Movement in Funds | |||||
| Total Funds 1 April 2023 | 23,385 | 12,377 | 35,762 | ||
| Total Funds 31 March 2024 | 29,488 | 10,609 | 40,097 |
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ST PATRICK’S HALL ORGANISATION CONSETT
BALANCE SHEET AS AT 31 MARCH 2024
| Note | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Fixed Assets | 4 | 0 | 0 |
| Current Assets | |||
| Cash & Bank | 40,097 | 36,371 | |
| Stock | 0 | 508 | |
| Creditors | |||
| Amounts fallingdue within oneyear | 0 | 1,117 | |
| Net Current Assets | 40,097 | 35,762 | |
| Net Assets | 40,097 | 35,762 | |
| Funds | |||
| Unrestricted Funds | 23,228 | 17,165 | |
| Designated Funds | 6,260 | 6,260 | |
| Restricted Funds | 10,609 | 12,337 | |
| Total Funds | 40,097 | 35,762 |
Approved by the Committee on 13/08/2024 and signed on their behalf by:
Name: Rose Walls Position: Trustee
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ST PATRICK’S HALL ORGANISATION CONSETT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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 25% on reducing balance
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Office equipment 10% on reducing balance
Assets are capitalised where the purchase price exceeds £1,000.
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
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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.
- INCOMING RESOURCES
| Unrestricted | Restricted | 2024 | 2023 | |
|---|---|---|---|---|
| Donatons | 166 | 166 | 288 | |
| Hall Hire Charges | 26,274 | 26,274 | 24,730 | |
| Events/Actvites | 1,964 | 1,964 | 2,592 | |
| Other | 588 | 588 | 0 | |
| Grant | 250 | 250 | 3,800 | |
| Total IncomingResources | 28,992 | 250 | 29,242 | 31,410 |
- EXPENDITURE
| Unrestricted | Restricted | 2024 | 2023 | |
|---|---|---|---|---|
| Staf Wages | 7,276 | 7,276 | 4,260 | |
| General Administraton | 4,372 | 4,372 | 3,249 | |
| Repairs & Renewals | 5,162 | 5,162 | 3,048 | |
| Utlites | 5,088 | 5,088 | 2,902 | |
| Events/Actvites | 991 | 991 | 421 | |
| Grant Expenditure | 2,018 | 2,018 | 4,701 | |
| Total Expenditure | 22,889 | 2,018 | 24,907 | 18,581 |
4. FIXED ASSETS
There are no fixed assets at 31 March 2024. 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.
- STOCK
| Value £ | |
|---|---|
| Bar Stock - Opening1 April 2023 | 580 |
| Bar Stock - Movement in Year | (580) |
| Bar Stock – Closing31 March 2024 | 0 |
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6. CREDITORS
| CREDITORS | |
|---|---|
| Value £ | |
| Creditors - Opening1 April 2023 | 1,117 |
| Creditors - Movement in Year | (1,117) |
| Creditors – Closing31 March 2024 | 0 |
7. FUNDS
| Balance 31 March 23 £ |
Income £ |
Expenditure £ |
Balance 31 March 24 £ |
|
|---|---|---|---|---|
| Unrestricted Funds | 17,165 | 28,992 | (22,889) | 23,228 |
| Designated Funds | 6,260 | 0 | 0 | 6,260 |
| Restricted Funds | 12,377 | 250 | (2,018) | 10,609 |
| Total Funds | 35,762 | 29,242 | (24,907) | 40,097 |
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