## **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|
**2 |** P a g e
**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
**3 |** P a g e
**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
**4 |** P a g e
**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.
**5 |** P a g e
**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
**6 |** P a g e
**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
- 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
- (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
**7 |** P a g e
**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|
**8 |** P a g e
**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
**9 |** P a g e
**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
- • 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.
**10 |** P a g e
**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)
**11 |** P a g e
**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**|
**12 |** P a g e
## **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 **|
**13 |** P a g e
## **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**|
**14 |** P a g e