Gateshead Redheugh 1957 (CIO) Charity Number: 1198243
Financial Statements for the Period 1 January – 31 December 2023
GATESHEAD REDHEUGH 1957
Contents
| Item | Page |
|---|---|
| Legal and Administrative Information | 3 |
| Trustees’ Report | 4 – 6 |
| Independent Examiners Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statement | 10 |
| Movement in Funds | 11 |
| Income and Expenditures Analysis | 12 |
| Trustees Rumination | 14 |
| Salaries | 14 |
| Cash in Hand and Bank | 14 |
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GATESHEAD REDHEUGH 1957
Legal and Administrative Information
Name: Gateshead Redheugh 1957 Charity No: 1198243 Trustees: Mr M Hughes (Chair) Mr L Stokoe (Treasurer) Mr G Stewart (Secretary) Mr J Hutchison Mr C Dixon Government Document: Registered as a CIO (Charity Incorporated Organisation) as of 15 March 2022 (previously 1091078). Address: Gateshead Redheugh 1957 Eslington Park Bolam Street Gateshead Tyne & Wear NE8 2TQ Bankers: Barclays Bank plc Gateshead High Street Gateshead Tyne & Wear Independent Examiner: Kate Tully FMAAT FCIE 20 Ennerdale Crescent Winlaton Blaydon on Tyne NE21 6PS
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GATESHEAD REDHEUGH 1957
Trustees’ Report
Structure, governance and management
The charity’s governing document is a foundation constitution registered 15 March 2022, previously an unincorporated charity (1091078) registered 13 March 2002 (and amended 27 June 2001 and 8 November 2005)
All future trustees (not those mentioned in Legal and Administration Information) must be appointed for a term of 3 years by a resolution passed at a properly convened meeting of the charity trustees.
Objects:
To help the young people in Gateshead and its surrounding area especially but not exclusively through their leisure time activities so to develop their physical, mental and spiritual capacities that they may grow to full maturity as individuals and members of society.
Achievements:
Gateshead Redheugh as a well-established local hub continues to promote and develop year on year within its community and beyond.
This season is no different. The organisational structure of the club enables us to grow in confidence. We have a robust management team, and 80+ volunteers who manage and coach football teams within the club. All of our volunteers have up to date DBS checks and FA coaching accreditation. Redheugh actively encourages new volunteers to embark on football coaching and management courses including First Aid and Safeguarding qualifications. Existing coaches are equally encouraged to develop their own careers as instructors and mentors to children and young people with the support of several partner organisations. We continue to promote regular CPD for all our coaches including Level 2 and Level 3 FA Qualifications.
The club currently has 41 teams including a senior team, 3 girls’ teams and a Walking Football Team in the Northern Alliance league, and the Wildcats teams are making great progress.
Our child football development goes from strength to strength as children as young as 5 are coached and proudly represent their club in the local area. These children embark on a career with the club that can take them through to adulthood. The messages and values that are embraced by the club, we feel help our members as they grow and develop.
Our main playing surface is magnificently maintained by our grand manager and the surrounding area is utilised continuously throughout the season. Our links with Newcastle Foundation, Gateshead Council and Durham FA, help
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GATESHEAD REDHEUGH 1957
maintain our standards. The next season promises to be another successful year as a club, as we keep going forward.
We are currently saving for a new carpet for the 3G pitch. It was due for renewal in 2023 although we have been granted an extension for another 3 years due to the commitment and diligence our team have when maintaining the grounds. We were requested to save £10,000 a year over the lifetime of the 3G carpet to ensure we had funds to replace. Our fund towards this carpet, currently stands at £119,853.
We have savings towards a new 3G pitch of £27,945 which has come from donations.
We have a savings towards a new fence of £6,000 from fund raising and donations.
The trustees have considered the guidance produced by the Charity Commission on the provision of public benefit and they confirm that public benefit has been provided by the range of activities as described above.
Grants
Gateshead Redheugh would like to thank the following for support we have received throughout the year in way of grants:
Barclays Brighten the Day Football Foundation
Donations and Sponsors
Gateshead Redheugh would like to thank the many businesses and individuals who sponsor our teams and make generous donations. Without these kind gestures, our club wouldn’t be as successful.
Our main club sponsor is Allan Richardson of SnapFast. Allan makes very generous donations annually alongside the generous companies and individuals.
Financial Review :
As a charity, our aim is to bring together people who care about a cause so they can make a difference. We help our service users and families in many ways, but the main ways are by providing an affordable club for children, young people and families to be a part of where we celebrate football, health and fitness in a safe and welcoming environment. At Gateshead Redheugh 1957, we are a non-profit organisation helping and supporting the local community and beyond.
The charity holds sufficient reserves to meet its day-to-day operations, any surplus is distributed in accordance with the charity’s main aims and objectives.
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GATESHEAD REDHEUGH 1957
Trustees Responsibilities
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity, and which enable them to ascertain the financial position of the charity, and which enable them to comply with applicable law. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable purposes.
-
Designated funds comprise of funds which have been set aside at the discretion of the trustees for specific purpose. The purposes and uses of the designated funds are set out in the notes to the financial statements.
-
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Annual Subscription Breakdown 2023
Sports Equipment - 24% Insurance - 1% Utilities - 25% Cleaning - 5%
Pitch Costs less grant - 15% Affiliation / League Fees - 7% Ref Fees - 23%
Signed on behalf of the Trustees:
Name: Les Stokoe Signature: L Stokoe
Position: Treasurer Date : 22[nd] August 2024
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GATESHEAD REDHEUGH 1957
Independent Examiner’s Report on the Accounts
Report to the trustees/members of Gateshead Redheugh 1957 on Accounts for the period ended 31 December 2023.
Respective responsibilities of the Charity and the Independent Examiner
As members of the Charity, you are responsible for the preparation of the financial statements; you consider that the audit requirement of Regulation 3(3) and section 144(2) of the Charities Act do not apply and that an independent examination is needed. It is my responsibility to
-
Examine the financial statements under s.145 of the 2011 Act;
-
Follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and
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State whether particular matters have come to my attention
Basis of examiner’s statement
My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent examiner’s statement
In connection with my examination no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Act; and
-
to prepare accounts which agree with the accounting records and comply with the accounting requirements of the 2011 Act ; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Date: 22[nd] August 2024
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GATESHEAD REDHEUGH 1957
Statement of Financial Activities for the year ending 31 December 2023
| Income & Endowments from: Donations and Legacies Charitable Activities Other Trading Income Investments Other Total Expenditure on: Raising Funds Charitable Activities Other Total Net incoming/outgoing resources before transfers Transfers Net movement in funds Reconciliation of Funds: Total Funds transferred from Charity no. 1091078 Total funds carried forward |
Unrestricted Restricted Funds Funds £ £ 26,526.28 12,314.77 131,546.77 33,528.50 225.00 39,677.42 350.91 3,052.24 0.00 0.00 |
Total Funds 2023 £ 38,841.05 |
2022 Funds |
|---|---|---|---|
| Transferred | |||
| £ | |||
| 1,627.00 | |||
| 165,075.27 | 277,674.00 | ||
| 39,902.42 3,403.15 |
53,137.00 | ||
| 13,298.00 | |||
| 0.00 | 0.00 | ||
| 158,648.96 88,572.93 |
247,221.89 | 345,736.00 | |
| 3,594.42 0.00 151,435.95 69,978.26 0.00 0.00 |
3,594.42 221,414.21 0.00 |
3,611.00 368,353.00 0.00 |
|
| 155,030.37 69,978.26 |
225,008.63 | 371,964.00 | |
| 3,618.59 18,594.67 |
22,213.26 | (26,228.00) | |
| (1,947.89) 1,947.89 |
0.00 | ||
| 1,670.70 20,542.56 |
22,213.26 | (26,228.00) | |
| 28,980.00 144,365.00 |
173,345.00 | 199,573.00 | |
| 30,650.70 164,907.56 |
195,558.26 | 173,345.00 |
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GATESHEAD REDHEUGH 1957
Balance Sheet as at 31 December 2023
| Fixed Assets Current Assets Debtors and Prepayments Cash at Bank and In Hand Total Current Assets Liabilities Creditors: Amounts falling due within one year Total Current Assets less Current Liabilities Creditors: Amounts falling due after one year TOTAL ASSETS LESS TOTAL LIABILITIES The Funds of the Charity: Unrestricted Funds Restricted Funds TOTAL CHARITY FUNDS Cash at Bank and In Hand Cash Main Current Account 2nd Current Account 3rd Current Account Savings Account |
Total Funds 2023 £ 0 |
Funds |
|---|---|---|
| Transferred | ||
| 2022 | ||
| £ | ||
| 0 | ||
| 0 | 0 | |
| 7,265.45 188,292.81 |
1,686 | |
| 171,759 | ||
| 195,558.26 | 173,445 | |
| (100) | ||
| 0.00 | (100) | |
| 195,558.26 | 173,345 | |
| 30,650.70 164,907.56 |
28,980 | |
| 144,365 | ||
| 195,558.26 | 173,345 | |
| 1,499.51 117.12 21,279.34 11,598.83 153,798.01 |
51 | |
| 615.69 | ||
| 22,443 | ||
| 10,218 | ||
| 158,431 | ||
| 188,292.81 | 191,759 |
The financial statements were approved by the following Trustees on behalf of all Trustees and members.
Signed: L Stokoe
Signed: M Hughes
Position: Treasurer Position: Chair
Date: 22[nd] August 2024
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GATESHEAD REDHEUGH 1957
Notes to the Financial Statements for the period 1 January to 31 December 2023
Accounting Policies
Basis of Preparation
These Financial Statements have been prepared in accordance with 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 January 2015) – Charities SORP (FRS 102).
Gateshead Redheugh 1957 meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
-
the charity becomes entitled to the resources
-
the trustees are virtually certain they will receive the resources; and
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• the monetary value can be measured with sufficient reliability.
Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Capital Grants are released over the economic useful life of the asset to which they relate.
Resources Expended and Liabilities
Resources expended have been analysed using a natural classification.
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible Fixed Assets
The Charity holds no assets of material worth at the present.
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GATESHEAD REDHEUGH 1957
Movement in Funds
Gateshead Redheugh 1957 (1198243) received assets and liabilities from Gateshead Redheugh 1957 (1091078) as of 1 January 2023. The charity has three funds: An unrestricted general fund, a designated and restricted fund.
Designated Funds
| 3G Sinking Fund 3G Sinking Fund Team Pots Restricted Funds New 3 G Savings Fencing FA Pitch Maintenance Pitch Power Grant Sported Grant – Barclays Brighten the Day |
Bal b/f Inc 104,486.00 15,367.01 |
Exp Transfers |
Bal c/f 119,853.01 |
|---|---|---|---|
| (10,000.00) | (10,000.00) | ||
| 109,853.01 | |||
| 12,367.00 39,677.42 |
(30,634.76) (300.11) |
21,109.55 | |
| 21,109.55 | |||
| Bal b/f Inc 27,945.00 6,000.00 |
Exp Transfers |
Bal c/f 27,945.00 6,000.00 |
|
| 33,945.00 | |||
| Bal b/f Inc |
Exp Transfers |
**Bal c/f ** | |
| (6,433.00) 8,960.00 5,160.00 19,408.50 |
6,433.00 (8,960.00) (5,160.00) (15,223.50) (4,185.00) |
0.00 0.00 0.00 0.00 |
|
| 0.00 | |||
| 144,365.00 88,572.93 |
(69,978.26) 1,947.89 |
164,907.56 |
Funder
Purpose of Fund
Pitch Power Maintenance of pitches Fundraising events To save towards a news 3G pitch Various Funders Fence to protect railway pitch Brighten the Day HAF Project (£15,223 to providers for delivery & £4,185 pitch hire) Sported Grant - Barclays Female football Team Pots Fundraising/Sponsors for team spending (kits, trips, tournaments)
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GATESHEAD REDHEUGH 1957
Income and Expenditure Analysis 2023
| Other Trading Activities Team Pot - Seniors Team Funds Sponsorship Investments Bank Interest Earned TOTAL Income And Endowments From: Donations and Legacies Donations Amazon Inc Enthuse Inc Fundraising Just Giving Donations Charitable Activities Café 1957 Food Fines (rec'd) HMRC: Gift Aid Grants: Brighten the Day (less pitch hire) Community Foundation Football Foundation Football Association Sported Hire: Events Office Pitch Hire Tournaments Merchandise Sales Inc Refund Subscriptions Mini Reds & Wildcats Senior Walking Football Woman’s Football |
Unrestricted Restricted 11,378.08 0.00 32.34 0.00 1,143.49 0.00 11,751.17 12,314.77 2,221.20 0.00 |
Total Funds 2023 11,378.08 32.34 1,143.49 24,065.94 2,221.20 |
2022 Funds |
|---|---|---|---|
| Transferred | |||
| 26,526.28 12,314.77 |
38,841.05 | 1,627.00 | |
| 750.00 358.80 1,384.41 11,975.01 15,223.50 8,960.00 5,160.00 275.00 10,120.81 11,958.50 4,185.00 112.00 2,966.81 358.88 88,639.65 1,152.90 1,142.00 310.00 42.00 |
750.00 358.80 1,384.41 11,975.01 15,223.50 0.00 8,960.00 0.00 5,160.00 0.00 275.00 10,120.81 16,143.50 112.00 2,966.81 358.88 88,639.65 1,152.90 1,142.00 310.00 42.00 |
||
| 131,546.77 33,528.50 |
165,075.27 | 207,809 | |
| 485.64 225.00 535.00 0.00 38,656.78 |
485.64 760.00 38,656.78 |
||
| 225.00 39,677.42 |
39,902.42 |
65,504 | |
| 350.91 3,052.24 |
3,403.15 | ||
| 350.91 3,052.24 |
3,403.15 | 931 | |
| 158,648.96 88,572.93 |
247,221.89 |
275,871 |
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GATESHEAD REDHEUGH 1957
| Expenditure on: Fundraising Raising Funds Just Giving Fee Prizes Charitable Activities Advertising/Promotion Café 1957 Football Camps CCTV CPD DBS Fines Groundsman Exp Fuel Expenses Smith Terrace Insurances Tractor Insurance League Fees Merchandise Office/General Admin Expenses Other Professional Services Payroll Expenses: Salaries HMRC Staff Costs Pitch Costs Printing, Postage and Stationery Refs Fees Repairs and Maintenance Vehicles Small Equipment Sports Equipment Subs Refund Team Spends Team Strips Tournament Fees Trophies Utilities: Cleaning/Hygiene Floodlight Electricity Gas/Electric Internet Phone Costs Rent Service charge TV Licence Waste Collection Water Window Cleaner TOTAL |
Unrestricted Restricted 1,341.93 273.50 1,978.99 |
Total Funds 2023 1,341.93 273.50 1,978.99 |
2022 Funds |
|---|---|---|---|
| Transferred | |||
| 3,594.42 0 |
3,594.42 | 3611 | |
| 1,281.60 621.71 15,223.50 2,925.00 160.00 380.00 3,274.00 2,885.14 5,061.36 1,450.00 961.94 190.08 6,793.00 1,638.44 461.90 36,962.62 5,010.86 98.40 515.00 21,731.89 1,230.33 21,212.20 620.30 775.81 22,380.97 2,248.00 100.00 14,384.46 15,387.41 1,185.00 843.00 5,697.38 4,519.99 225.99 8,901.20 364.04 392.49 4,889.04 6,644.43 158.22 660.00 807.51 160.00 |
1,281.60 621.71 15,223.50 0 3,085.00 380.00 3,274.00 2,885.14 5,061.36 1,450.00 961.94 190.08 6,793.00 0 1,638.44 461.90 36,962.62 5,010.86 98.40 22,246.89 1,230.33 21,212.20 620.30 775.81 0 24,628.97 100.00 14,384.46 15,387.41 2,028.00 5,697.38 4,519.99 225.99 8,901.20 364.04 392.49 4,889.04 6,644.43 158.22 660.00 807.51 160.00 |
||
| 151,435.95 69,978.26 |
221,414.21 | 368353 | |
| 155,030.37 **69,978.26 ** |
225,008.63 | **371964 ** |
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GATESHEAD REDHEUGH 1957
| Running Costs Household and Cleaning Sports Equipment Legal/ Accountancy Fees/Prof Postage/Stationery/Printing Utilities Ref Fees Insurance Pitch Costs Affilliation / League Fees TOTAL |
Charitable Fundraising Activity Activity £ £ 4519.99 22,380.97 461.90 1,230.33 23,202.92 21,212.20 1,152.02 13,286.89 6,793.00 |
Total | 2022 |
|---|---|---|---|
| Cost | Cost | ||
| £ | £ | ||
| 4,519.99 | 6487 | ||
| 22,380.97 | 46458 | ||
| 461.90 | 7839 | ||
| 1,230.33 | 632 | ||
| 23,202.92 | 13136 | ||
| 21,212.20 | |||
| 1,152.02 | 2104 | ||
| 13,286.89 | |||
| 6,793.00 | 6441 | ||
| 94,240.22 | 94,240.22 | 83097 |
Trustees Remuneration
No trustee or person connected with the Club received any remuneration during the year.
Salaries
| Salaries | |||
|---|---|---|---|
| Employees Salaries HMRC - PAYE Exp & NI Payroll Costs Total Number of Employees 1 full time and 2 part time |
Unrestricted £ 36,962.62 5,010.86 98.40 |
Total 2023 | Total 2022 |
| £ | £ | ||
| 36,962.62 | 36060 | ||
| 5,010.86 | 1353 | ||
| 98.40 | |||
| 42,071.88 | 4,2071.88 | 37413 | |
| Total 2023 | Total 2022 | ||
| 2 | 1.5 |
One full time employee and two part time employees (one of which is self-employed) were employed during the year and did not receive remuneration of over £60,000.
Cash in Bank and in Hand
Cash at Bank and In Hand
| Cash Main Current Account 2nd Current Account 3rd Current Account Savings Account |
1,499.51 117.12 21,279.34 11,598.83 153,798.01 |
51 | |
| 615.69 | |||
| 22,443 | |||
| 10,218 | |||
| 138,431 | |||
| **188,292.81 ** | 171,759 |
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