2025-03-31-accounts

ROMALDKIRK READING AND RECREATION ROOM TRUSTEES' ANNUAL REPORT for 2024-25

1. Reference and administrative details of the charity and its trustees.

• 1.1 The name of the charity is Romaldkirk Reading and Recreation Room,

• 1.2 The registration number of the charity is 1208140.

• 1.3 The address and phone number of the principal office is:

Romaldkirk Reading and Recreation Room, Romaldkirk Barnard Castle, County Durham. DL12 9ED

Telephone: [phone]

email: jdsnixon@btinternetcom

• 1.4 The trustees* of the charity are:

Joanne Nixon — Chair and trust contact Lesley Cutting - Secretary Louise Barningham Treasurer (trust contact) Jackie Barningham Gill Carter

1. Structure, governance, and management.

2. 2.1 The structure of the charity.

The charity and its property are managed and administered by a committee comprising the officers and other members elected in accordance with its constitution. The officers and other members of the committee are the trustees of the Charity and are together called 'the trustees'.

The charity shall have the following officers: A Chair

A Secretary A Treasurer

• 2.2 The management of the charity.

On 31 March 2024 there were five charity trustees who comprise the Management Committee of the association.

• 2.3 The Recruitment and training of charity trustees.

All charity trustees are recruited from within the community.

On election, each new member signs an eligibility declaration Clause 6 and confirm they understand the duties and responsibilities involved in being a trustee. The duties and responsibilities of managing charity trustees are reviewed at meetings of the Management Committee when necessary.

3. Aims, Objectives.

• 3.1 The aim of the charity is to promote community development and provide a safe and pleasant environment for activities to improve the quality of life of the inhabitants of the area of benefit.

• 3.2 The charitable objects of the charity are "for the purposes of physical and mental training and recreation and social, moral, and intellectual development through the medium of lectures, classes, clubs, recreations, and entertainments or otherwise as may be found expedient for the inhabitants of Romaldkirk and district without distinction of political, religious, or other opinions.

4. Achievements and Performance.

• 4.1 Achievements and Performance (April to March 2025)

The trustees are progressing the transfer of assets of the Romaldkirk Reading and Recreation trust (523403) to the new CIO The Romaldkirk Reading and Recreation Room trust (1208140). This has been hampered by banking delays, solicitor complications and delays regarding transfer of the building via Land Registry. Once completed all assets will be transferred and trust (523403) progressed to closure.

5. Volunteers

5.1 It is anticipated the new CIO trust will be supported by the existing volunteers that serve the existing trust.

1. Financial review

6.1	Income and Expenditure
	For the financial year ending 31 March 2025:	Income	£11.63
		Payments	£0.00
		Deficit	£0.00
	End of year balances on 31 March 2024.	Current account	£11.63
		Cash in hand	£0.00
		Total	£11.63

This is the total amount of monetary assets of the CIO for 2024-25. The statement of accounts is attached.

6.2 Policy on financial reserves:

Once all assets transfer we will have a reserve of £6,000 which would cover twelve months running costs if we had no income.

6.3 Grants:

None received to date.

6.4 Donations:

In 2024-25 we received a donation of £11.63. This was used to establish the new bank account necessary for the new CIO.

6.5 Finance team:

Louise Barningham is our treasurer.

Signed by order of the trustees

Trustee

Date 30 April 2025

ROMALDKIRK READING AND RECREATION ROOM – (1208140)

RECEIPTS AND PAYMENTS - YEAR ENDING 31 MARCH 2025

RECEIPTS
Donations		11.63
				11.63
PAYMENTS
		0.00
				0.00
BALANCE OF	INCOME OVER EXPENDITURE			11.63
BALANCE SHEET AT 31 MARCH 2025
Opening balances at 1 April 2024
Current Acct			0.00
			0.00
Balance	of
income	over
expenditure
			11.63
Closing balances at
31 March 2024
Current acct				11.63
			11.63	11.63