**R** EGISTERED CHARITY NUMBER: 1198207 ## MARSH RECREATION GROUND AND COMMUNITY CENTRE TRUST CIO ## TRADING AS THE EDWARD MARSH CENTRE REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 1 MARSH RECREATION GROUND AND COMMUNITY CENTRE TRUST CIO TRADING AS THE EDWARD MARSH CENTRE ## CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 ||Page| |---|---| |Report of the Trustees|**to 2**| |Independent Examiner's Report|**3**| |Statement of Financial Activities|4| |Balance Sheet|**5**| |Notes to the Financial Statements|**6 t8 **| |Detailed Statement of Financial Activities|**9**| ## MARSH RECREATION GROUND AND COMMUNITY CENTRE TRUST CIO TRADING AS THE EDWARD MARSH CENTRE ## REPORT OF THE TRUSTEES ## FOR THE YEAR ENDED 31ST MARCH 2024 **The trustees present their report with the financial statements of the charity for the year ended 31 st March 2024. 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).** **i** ## OBJECTIVES AND ACTIVITIES ## Objectives and aims **The provision and maintenance of a community centre and playing field and recreation ground for the use of the inhabitants of the Parish of Kinver and the neighbourhood.** ## Significant activities **Provision of sporting activities including football, cricket and other outside facilities including skate park and basketball together with numerous indoor activities for organisations including U3A, indoor bowling, keep fit classes, art classes, model engineers, repair cafe and social events. The centre has a community cafe, run primarily by vohmteers which has become very successful.** ## Public benefit **The Trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit** ## ACHIEVEMENT AND PERFORMANCE ## Charitable activities **The main achievements in the year under review have been the considerable maintenance and improvement to the internal condition and decor of the building for the benefit of the users and the community. This was made possible by the substantial input of the Trustees and volunteers** . ## FINANCIAL REVIEW ## Financial Review **This is the first full financial year of the charity operating as an incorporated charity. Therefore, the accounts for the previous year are not representative of a full financial year’s income and expense and the accounts for KSCA (charity 522687) should be considered in conjunction with EMC to understand the full prior year comparative results of the charity.** ## Reserves policy **The charity has a policy for holding ring-fenced reserves for the playing fields, roof repairs and for building n renovation costs. As of 31.03.24 the playing fields fund holds reserves of £6,732 (2023 - £8,616) contingency fund holds reserves of £10,000 (2023 - £10,000) and building renovation costs £10,000 (2023 - £10,000).** **The charity has received several grants during the year that are still work in progress, the total amount held at 31.03.24 is £40,641 (2023 - £99,313) of which £21,474 (2023- £54,450) relates to landscaping and planting of the Sterrymere, £15,000 (2023 - £15,000) to refurbish changing rooms and £4,167 (2023 - £4,637) for other grant work. The automated barrier and k-gate project (2023 – £25,226) was successfully installed during the year, most of the other projects will be completed in the next 12 months.** **During the year, the charity was awarded a grant of £99,475 from SSDC UKSPF residual fund to underpin the building and refurbish the changing rooms and disabled toilet facilities. The total project cost is £142,107. The Charity must make up the shortfall, £15,000 is already ring fenced (see above) and the remaining £27,632 will come from general reserves, therefore this amount has been ring fenced. The funds will be received from SSDC as work is invoiced by the contractor. Most of this work will be completed in the next 12 months.** **The further balancing reserves of £31,566 (2023 - £32,804) are viewed as general working capital of the charity.** ## STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document **The charity is controlled by its governing document, a deed of trust and constitutes an incorporated charity.** **Pagel** 191712024 P4W4T ## MARSH RECREATION GROUND AND COMMUNITY CENTRE TRUST CIO TRADING AS THE EDWARD MARSH CENTRE |STATEMENT OF FINANCIAL ACTIVITIES
FOR
THE
YEAR
ENDED
31ST
MARCH
2024
INCOME AND ENDOWMENTS FROM
**Donations and grants**
**Other trading activities**
**Total**
EXPENDITURE ON
Charitable objectives
NET INCOME (EXPENDITURE)
RECONCILIATION OF FUNDS
**Total funds brought forward**
TOTAL FUNDS CARRIED FORWARD
**Note**
2
|2024
**Totl**
**fnds**
**£**
49,448
**152,075**|2023
**Totl**
fd
**£**
152,742
**77,106**
229,848
69,115| |---|---|---| ||201,523
235,685
(34,162)
_
**160,733**_
126,571|| |||160,733
**_O**
**_**
160,733| **The notes form part of these financial statements** **Page4** ioll73J i&TJJ Iq7)J MARSH RECREATION GROUND AND COMMUNITY CENTRE TRUST CIO TRADING AS THE EDWARD MARSH CENTR **E** ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ## **l.** ACCOUNTING POLICIES ## Basis of preparing the financial statements **The financial statements of the charity, which is a public benefit entity under FRS I02, have been prepared in accordance with the Charities SORP (FRS I 02) '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 201 I. The financial statements have been prepared under the historical cost convention.** **The financial statements are prepared on a receipts and payments basis.** ## 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 Report of the Trustees.** 2. OTHER TRADING ACTIVITIES |**Fundraising events**
**Cafe and bar commission**
**Community Cafe**
**Football pitch hire**
**Hire of hall and rooms**|**2024**
**£**
**15,090**
**9,163**
**78,393**
**4,191**
**45,238**
**152,075**|**2023**
**£**
**8,161**
**3,765**
**42,102**
**1.091**
**21,987**
**77,106**| |---|---|---| ## 3. ## TRUSTEES' REMUNERATION AND BENEFITS **There were no trustees' remuneration or other benefits for the year ended 31st March 2024 (2023 NIL).** ## Trustees' expenses **There were no trustees' expenses paid for the year ended 31 st March 2024 (2023 NIL)** **continued. ..** **Page6** MARSH RECREATION GROUND AND COMMUNITY CENTRE TRUST TRADING AS THE EDWARD MARSH CENTRE ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024 ## **4.** STAFF COSTS **T he average monthly number of employees during the year was as follows :** |_5._
Direct staff
**No employees received emoluments in excess of £60,000.**
**MOVEMENT IN FNDS**
**U**nrestricted funds
**W orking capital**
**Playing fields**
**Contingency**
**Renovation**
**Sterrymere**
**The National Lottery**
**Changing rooms& underpinning**
**Other Donors**
TOTAL FUNDS
**Net movement in funds, included in the above are as follows: **
Unrestricted funds
**Working capital**
**Playing fields**
**Contingency**
**Renovation**
**Sterrymere**
**The National Lottery**
**Changing rooms& underpinning**
**Other Donors**
**TOTAL FUNDS**
**!**||**At l.423**
**£**
**32,804**
**8,616**
**10,000**
**10,000**
**54,450**
**3,866**
**0**
**160,733**
**160,733**
**Incoming**
**reour**
**£**
**107,133**
**4,191**
**0**
**0**
**12,250**
**6,852**
**28,465**
**201,523**
**201,523**
**40,997**
**42,632**||**2024**
**7**
**Net**
**movement**
**in funds**
**£**
**(1,238)**
**(1,884)**
**0**
**0**
**(32,976)**
**(1,290)**
**(39,406)**
**(34,162)**
**42,632**|**2024**
**7**
**Net**
**movement**
**in funds**
**£**
**(1,238)**
**(1,884)**
**0**
**0**
**(32,976)**
**(1,290)**
**(39,406)**
**(34,162)**
**42,632**||**2023**
**7**
**At**
**31.3.24**
**£**
**31,566**
**6,732**
**10,0**
**10,0**
**21,474**
**2,576**
**1,591**
**126,571**
**42,632**| |---|---|---|---|---|---|---|---| ||||||||| ||||||||| ||||||**(34,162)**||**126,571**| |||||Ru
**expnde**
**£**
**(108,371)**
**(6,075)**
**0**
**0**
**(45,226)**
**(8,142)**
**(67,871)**
**(235,685)**
**(235,685)**
**0**|||**Movement**
**in fnds**
**£**
**(1,238)**
**0**
**0**
**(32,976)**
**(1,290)**
**(39,406)**
**(34,162)**
**(34,162)**
**(1,884)**
**42,632**| ||||||||| **continued. ..** **Page7** MARSH RECREATION GROUND AND COMMUNITY CENTRE TRUST CIO TRADING AS THE EDWARD MARSH CENTRE ## NOTES TO THE FINANCIAL STATEMENTS - cont continued FOR THE YEAR ENDED 31 ST MARCH 2024 ## 5. MOVEMENT IN FUNDS - continued Comparatives ## **for movement In funds** |||**Net**
**movet**|A| |---|---|---|---| ||**Atl.4.22**|**in fd**|313.23| |Unrestricted funds|**£**|**£**|**£**| |**Working capital**
**Playing fields**|**0**
**0**|**8,616**
**32,804**|**8,616**
**32,804**| |**Contingency**|**0**|**10,000**|**10,000**| |**Renovation**|**0**|**10,000**|**10,000**| |**Sterrymere**|**0**|**54,450**|**54,450**| |**The National Lottery**|**0**|**3,866**|**3,866**| |**Other Donors**|**0**|**40,997**|**40,997**| ||**0**|**160,733**|**160,733**| |TOTAL FUNDS|**0**|**160,733**|**160,733**| **Comparative netmovement in funds, included in the above areas follows :** ||**Icom**|**Resu**|**Moeme**| |---|---|---|---| ||**reou**|**exn **|**i fd**| ||**£**|**£**|**£**| |Unrestricted funds|||| |**Working capital**
**Playing fields**
**Contingency**
**Renovation**
**Sterrymere**
**The National Lottery**
**OtherDonor**|**96,348**
**9,037**
**10,000**
**57,500**
**3,866**
**43,097**
**10,000**|**(63,544)**
**0**
**0**
**(3,050)**
**0**
**(421)**
**(2,100)**|**32,804**
**8,616**
**10,000**
**10,000**
**54,450**
**3,866**
**40,997**| |TOTAL FUNDS|**229,848**|**(69,115)**|**160,733**| ||**229,848**|**(69,115)**|**160,733**| ## **6.** RELATED PARTY DISCLOSURES **There were no related party transactions for the year ended 31 st March 2024 (2023 NIL)** **Page 8** ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 |INCOME AND ENDOWMENTS
Donations and Grants
**Sundries**
**Donations and Grants**
**Transfer from KSCA**
Other trading activities
**Fundraising events**
**Cafe and bar commission**
**Community cafe**
**Football pitch hire**
**Hire of hall and rooms**
Total Incoming resources
Expenditure
Raising Donations and legacies
**Wages**
**Water**
**Booking fees**
**Light and Heat**
**Telephone& alarm rental**
**Professional fees and licenses**
**Cleaning materials & travel**
**Football sundries/ pitch marking(nc £5,334 for tractor) **
**Football/Purchase of new tractor(total £32,334)**
**Automated barrier**
**Repairs & refurbishments**
**Refuse collection & pest control**
**Community cafe expenses**
**Sterrymere grant**
Other expenditureOverheads
**Insurance**
**Accountancy**
**Sundry expenses**
Total resources expended
Net Income/(expenditure)|**2024**
**£**
**1,881**
**47,567**
**0**
**4 9,448**
**15,090**
**9,163**
**78,393**
**4,191**
**45,238**
**152,075**
**201,523**
**14,952**
**922**
**3,285**
**18,297**
**832**
**6,680**
241
**6,075**
**27,000**
**24,,600**
**8,518**
**3,713**
**45,226**
**5,535**
**450**
**6,769**
**12,754**
**235,685**
**(34,162)**
**61,242**
**171,331**||**£**
**2,540**
**85,434**
**64,742**
**152,742**
**8,161**
**3,765**
**42,102**
**1,091**
**21,981**
**77,106**
**229,848**
**4,637**
**455**
**1,100**
**6,908**
**349**
**8,913**
**3**
**42**
**0**
**7,912**
**48**
**28,921**
**3,050**
2022
**2023**
**0**| |---|---|---|---| ||||| ||||| ||||| ||||
**62,747**
**5,061**
**0**
**1,307**| ||||**6,368**
**69,115**| ||||**160,733**| **This page does not fonn part of the statutory financial statements** **Page9**