Thurnscoe Regeneration CIO ( Registered Charity Number 11181134) Financial statements for the year ended 31 March 2024 Contents Page Trustees, annual report Independent examiner's report Statement of Financial Activities Balance Sheet Notes to the accounts
Thurnscoe Rogeneratlon CIO Trustees. Annual Report Trugtses Derek Bramham Wendy Cain Andrew Howell Glennis Lingard Charlotte Williams Helen Owen Matthew Croft Wake Appointed September 2023 Clifford Seaton Appointed September 2023 Greg Kruczmaida Appointed September 2023 Resigned February 2024 Resigned January 2024 Chair from February 2024 Principal Address Thurnscoe Lrfelong Leaming Center Thurnscoe Library Shepherd Lane Thurnscoe S63 OJS Indopendent Examiner Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL
Thumscoe Regeneratlon CIO Trustees. Annual Report The Trustees present their annual report and financial statements for the year ended 31 March 2024 which are also prepared to meet the requirements for a trustees, report and accounts for the Charities Act purposes. The financial statements comply with the Charities Act 2011, the Constitution and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standards for Smaller Entities. The trustees respon81bilities for tho financial statements The trustees are responsible for preparing financial statements for each financial period which give a clear view of the state of affairs of the charity and of the the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are required to-. select suitable accounting policies and appty them consistently., El make judgements and estimates that are reasonable and prudent. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the group and enable the trustees to prepare financial statements. The trustees are responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention of fraud and other irregularities. This report was approved by the Trustees on their behalf by= and is signed on Andrew Howell Chair
Thurn$coe Regeneratlon CIO Independent Exarninefs roport to th• trustees 91 Thurnscoo Regeneratlon CIO for the year ended 31 March 2024 I report on the accounts of Thum$coe Regeneration CIO for the year ended 31 Mafch 2024 whi¢h are set out on pages 5 to 7. Re8Pe¢tSve responsiblllti&s of the Tru8toe8 and the oxamln•r The charity's Injslees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144121 of the Charits&s Act 2011 (the 2011 Acll) and that an independent examination is needed. It Is my responsibility lo.. examine the accounts under gection 145 of the 2011 Act.. to follow the procedu$ laid down in the general Directtons given by the Charity Commission under section 145 {5llbl of the 2011 Act,. and Q lo stale whether particular matters have come to my attents'on. Basis ol Independent examlnotrs report My examination was carried out in accordance wlh the general Directions given by the Charity Commission, An examination indudes a review of the accounting records. kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items Dr disclosurès in the accounts, 8nd seeking explanations from you as trustees ¢onceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequenfjy no opinion is given as to whether the accounts present a "true and fair vi6w" and the report is limited lo those matters set out in the statement below. Independent gxamlner's statement In connection with my examination, no matter has come lo my attention 1) which gives me reasonable cause to believe that in any material respect the requirements.. Q to keep accounting records in ardance w¢lh Section 130 of Ihe 2011 Act.. and lo prepare accounts whlch accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met.. or 21 to which, in my opinion, attention should bg drawn in order10 8nable a proper understanding of the accounts lo be reached. Signed.. Craig Williamson White Rose Accountlng for Charities The Ghyll Threapland Aspatria CA7 2EL Dale..
Thurnscoe Regeneration CIO Statement of Financial Activities for the year ended 31 March 2024 Total 2024 Total 2023 Notes Incoming resources Grants Rental income Other income Total Incoming resources 51,591 53,899 3,792 278 51,869 57,691 Resources expended Staff costs Grant refund to Local Trust Management fees Plaza Capital Project Insurance Events Accountancy Other expenditure Total payments 1,758 48,538 1,045 12,884 841 117,855 965 7,948 125 35 175,431 140 35 16,703 Nat {outgolng)lincoming resources Brought foward 35,166 (117,740) 139,501 255,170 Asset revaluation on sa 2,071 Fund balances carried forward 174,667 139,501
Thurnscoe Regeneration CIO Balance Sheet as at 31 March 2024 2024 2023 Current assets Bank balance and cash in hand Total current assets 174,807 174,807 139,626 139,626 Creditors Amounts falling due within one year Total currènt liabilities (140) {140) (125) (125) Net current assets 174,667 139,501 Total assets 174,667 139.501 Represented by Unrestricted funds Total 174,667 174,667 139,501 139,501 This report was approved by the Trustees on its behalf by.. and is signed on Andrew Howell Trustee
Thurnsco• Regeneratlon CIO Notes to the Accounts for th• y•ar 31 Mar¢h 2024 1 Accountlng Poll¢loS Ba8ls of preparatlon The Financial Statements have been prepared in accordance wlh the Companies Act 2006, thg FinanGial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS1021, and the Accounting and Reporting by Charities.. Staternent of Recommended Practice applicable lo charities pfeparing their a¢counts in accordance with FRS102 {effective from January 2015 and updated with effe¢l from January 2016} - Ithe Charities SORP IFRS102)I, as modified for smaller charities. The Charity meets the definibon of a public benefit entity as defined under FRS102. Basis of accounting The financial slalemenls a prepared in accordance with the hislortcal cost convenlron. The financial st8lemenl$ are prepared on an accruals basis. In¢oming rgsour¢e$ Donations, gifts and legacies and grants that provide core funding or are of a general nature are iecogni5ed where there is enlillemenl. rtaInty of receipt and the amount can be measured wth suffi¢ient reliability. Accrued income preSents income recognised for WO perfomied that was unbilled at the year end. 11 is accounted for on the basi$ of work perfom)ed that MaInS unbilled, or in line with conliacted agreem8nls wrth specific 8fFiliales and similar organisations. Investment income is recognised on a receivable basis. R•8lricted Funds Restricted funds are used for specific purposes as lald down by the donor. Expenditure which meets the criteria is allrjcaled lo the fund together with a fair allocation of management and support costs. Unr08trlet¢d Funds UnreslriGled Funds are other income re¢eived or generated for the objects of the charity thOut further Specified purpose 8nd are available as general funds. Resources expendgd Resources expended are included in the Slalement of Financial Activities on an accnjals basis, inclusive of V.A.T. The company 1$ not VAT registered. In the opinion of the Iruslees all support sts relate lo charitable expenditUfE. Tanglblo Flxod A8¥ets and D•preciation The cost of fixed asse15 is thelr purchase cost together with any incid&nlal o)sls of acquisillon. Any assets wth a useful life of less than 5 years are not capitallsed. Depreciation is provided on all tsngible fixed assets at ralos calculated lo write off the cost of each asset over its useful life. Fixtures -15% Reducing balanc method Fund Accountlng Funds held by the charity ale either restricted funds or unrestricted general funds. Unrestricted fvnds Can be used in accordance with the charitable objects at the discretion of the trustees. Reslricled funds that ¢an onty be used for a partlcular restricted purposes within the objects of the charity. Restriction$ arise when specified by the donor or when funds are raised for particular restricted purposes.
Thurnscoe Regenoration CIO Notes to the. accounts for the year& ended 31 March 2024 2 Creditor8: amounts falling due withln on6 year These are expenses that have been incurred but have not been billed or paid for during the accounting period. They are in respect of.. 2024 2023 Accruals 140 140 125 125 3 Grants 2024 2023 Barnsley MBC Big Local Keepmoat South Yoorkshire Community Foundation Sport England 2,000 49.591 36,500 6,399 8,000 3,000 53,899 51,591