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2024-12-31-accounts

Charity registration number 273021

AWMRC MANAGEMENT COMMITTEE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

AWMRC MANAGEMENT COMMITTEE

LEGAL AND ADMINISTRATIVE INFORMATION

Charity number

273021

Principal address

Bridewell Lane Acle Norfolk England NR13 3RA

Independent examiner

Aston Shaw Ltd (Great Yarmouth) 7 Church Plain Great Yarmouth Norfolk England NR30 1PL

AWMRC MANAGEMENT COMMITTEE

CONTENTS

Page
Chairman's reports 1 - 2
Trustees' report 3 - 4
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 17

AWMRC MANAGEMENT COMMITTEE

Chairman's report FOR THE YEAR ENDED 31 DECEMBER 2024

Good evening everyone and welcome to our AGM for 2025

I will give a brief overview of our financial situation as at the 31s December 2024.

Last year I reported that 2023 had not been a very good year mainly due to the increase in our utility bills; the main factors being gas, electricity and water which continued throughout 2024.

Our Treasurer will give a more detailed report later under Treasurers Report

Income for 2024 was £187,240.02 compared to £172,691.05 for 2023. Unfortunately our expenditure increased by £10,799.49

We are still in a healthy financial position and well placed with active management to continue to meet our goals and provide a fantastic community facility.

We have agreed increases in rental fees and utility charges for the Social Club for 2025, keeping it to a level that supports our goal of providing facilities and wellbeing opportunities to the community.

The increased rink fees for the indoor Bowls has seen an income of £90,789.20 for 2024 compared to £80,527.50 for 2023. A fantastic achievement.

We continued to upgrade the premises by installing a new kitchen in the Bure Room, and repair of the flat roof over the main entrance to the Centre.

Indoor Bowls

The club has had another excellent year with an increase in membership. It now exceeds 500.

The coaching system has been streamlined whereby beginners attend a 6 week course and then after a year they progress to a 6 week Improvers Course.

They have again played host to International players who use the club as a warm-up base in readiness for their entry into the World Championships at Potters.

It is hardly surprising therefore that the webcams get hits from all around the World, including Canada, USA, Thailand, Holland and New Zealand.

The club has introduced 4 new leagues this year, one specifically for beginners.

The income from member’s subscriptions and rink fees continues to be the main source of income for the

Recreation Centre.

A new venture for this year is the streaming of top bowls matches at the club via our YouTube Channel- Bowls TV which has had an amazing 175,000 visitors already, from all around the world.

The bowls webcam also receives 10,000 hits per month and has their own radio show on Saturday on Harbour Radio.

The club had 2 players qualify for the World Championship at Potters; three Acle teams have qualified for the National Championships in the Men’s Singles. Triples and Fours.

We have the following qualify for the National Championship so far, one man in the singles, 4 in the fours and ladies triples.

AWMRC MANAGEMENT COMMITTEE

Chairman's report

FOR THE YEAR ENDED 31 DECEMBER 2024

We are the only club in the region that is able to field 3 men’s and 3 ladies teams in the Norfolk County Leagues.

We have recently received grants for a replacement boiler in the indoor bowls. 7.5k from Broadland District Council, 2.5k from the Bassam Trust and 1k from the Parish Council.

Outdoor Bowls

Claire Turner won the Ladies National 4 wood singles title at Skegness.

The previous year she won the Ladies Pairs, so two National titles in two years. Club bowlers also won 5 County Titles.

The Federation bowlers won the Jason Roope Club Championship for the second year running and again go on to represent Norfolk in the Durham Centenary Trophy next season.

The EBA A team won promotion back to the Premier Division.

The Ladies won the Yarmouth Federation League and Malta League and the mixed team won the Watering Bowl. Unfortunately, Roy resigned as Chairman after 9 years in charge.

This year has not been so difficult for the playing fields considering the amount of rain we have had and only a few football matches have had to be cancelled.

Our first team are currently top of the Anglia Combination Premier League; they also won the Don Frost cup in 2024. The newly reformed reserve team are currently sitting 2nd in the North East Norfolk Division 2.

The cricket club continues to grow thrive, providing cricket at all levels for over 200 men, women, girls and boys.

All four senior Saturday league teams had successful seasons, with the Sunday team and Over 40’s winning the county competitions.

Once again the junior section flourished with training every Wed during the summer months and teams playing at under 9, 11, 13, 15, 17 & 19.

The success of the season was the introduction of the women and girls section which attracted 40 players. We were privileged to host the Norfolk under-19 finals day at the recreation centre.

I would like to acknowledge the following people for what they have done over the last year.

The Parish Council for their continuing support financially, with various 106 grants and donations that has enabled the centre to continue to flourish. Thank you.

I would like to thank all of the Trustees for their help and support in giving their time to ensure that the centre continues to run successfully:

Diane Fisher, Shane Tovell, Joe Aldous, Tony Allan, Dennis Fisher, Denis Goodley, Mick Munford, Sarah Cameron, Jackie Clover, Barry Coveley, Roy Himpleman, Jamie Pizey, and Richard Westgate.

Unfortunately Tom Hillier resigned in March 2024 after serving for many years.

There are still two unfilled Trustee positions (Parish Reps)

There are a few more people I would like to mention and give particular thanks for their hard work.

AWMRC MANAGEMENT COMMITTEE

Chairman's report

FOR THE YEAR ENDED 31 DECEMBER 2024

Denis Goodley and all his volunteer stewards for their hard work in the indoor bowls. Without their contribution the Centre would struggle, well done.

Thanks to our Caretaker Rick, the cleaning staff, Vera and Laura, and our grounds man Shaun.

And finally, thanks to Debbie our administrator who always has her finger on the pulse and keeps everything in order.

....................................................................... Barry Brooks Chairman

AWMRC MANAGEMENT COMMITTEE

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 October 2019).

Objectives and activities

The charity's objects are to provide social, recreation and sporting facilities for the parishes of Acle and immediate vicinity. The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities.

Achievements and performance

Charitable activities

The main aim for the charity during 2024 was to replace the kitchen in the Bure Room to make it more appealing to hirers. The trustees were also well aware of the financial liabilities of the substantially increased running costs over the past couple of years and have restructured the hiring costs of the Indoor Bowls Centre, which is the charities main source of income, to help to meet these liabilities. Significant funding was also spent on improving both the surfaces of the outdoor bowls green and the cricket square.

Financial review

There was a deficit of expenditure over income in the year of £49,057 as shown on page 6. At 31 December 2024 there were bank balances totalling £129,754.

Reserves policy

We aim to keep the equivalent of three months expenditure available in our bank account. In addition we have certain unrestricted Charities Official Investment Fund (COIF) accounts where funds are kept for specific items of expenditure that occur on a regular basis for upgrading etc. The main ones are for the All Weather pitch and the Indoor Bowls centre. There is also a general fund for the Recreation Centre as a whole to cover items of emergency expenditure should they occur.

AWMRC MANAGEMENT COMMITTEE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management

Trustees

The trustees who served during the year and up to the date of signature of the financial statements were: J Pizey (Acle Parish Council Representative) S Tovell (Acle Parish Council Representative) D Goodley (Acle Parish Council Representative) J Aldous (Acle Parish Council Representative) J Clover (Acle Parish Council Representative) R Westgate (Acle Rangers Representative) M Munford (Vice Chairman - Acle Cricket Club Representative) RB Himpleman (St Edmunds Outdoor Bowls Representative) D Fisher (Secretary - Acle Parish Council Representative) T Hiller (Acle Parish Council Representative) (Resigned 31 March 2024) B Coveley (Acle Parish Council Representative) DC Fisher (Acle Parish Council Representative) B Brooks (Chairman - Acle Indoor Bowls Representative) S Cameron (Acle Parish Council Representative) P Woollaston (Acle United Football Club) (Resigned 31 March 2024) Tony Allan (Acle Tennis Club)

Governing document

Trust deed made by Acle Parish Council dated 1st November 1976 as amended by deed dated 17th March 2015.

Recruitment and appointment of new trustees

The Trustees have the power to recruit and appoint new trustees, subject to the terms set down in the Trust Deed.

The trustees' report was approved by the Board of Trustees and signed on its behalf by:

.............................. B Brooks (Chairman - Acle Indoor Bowls Representative) Trustee Date: .............................................

AWMRC MANAGEMENT COMMITTEE

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF AWMRC MANAGEMENT COMMITTEE

I report to the trustees on my examination of the financial statements of AWMRC Management Committee (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Aston Shaw Ltd (Great Yarmouth)

Sotos Christophi FCCA

7 Church Plain Great Yarmouth Norfolk NR30 1PL England

Dated: .........................

AWMRC MANAGEMENT COMMITTEE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2024 2023
Notes £ £
Income from:
Donations and legacies 3 - 100
Charitable activities 4 181,589 166,382
Investment income 2 5,651 6,209
Total income 187,240 172,691
Expenditure on:
Charitable activities and depreciation 6 191,254 184,030
Support costs 45,043 41,587
Total resources expended 236,297 225,617
Net expenditure for the year/
Net movement in funds (49,057) (52,926)
Fund balances at 1 January 2024 660,241 740,212
General fund 561,487 619,226
All weather pitch sinking fund 57,392 54,594
Indoor bowling club sinking fund 40,222 38,262
Playground fund 1,141 1,085
Fund balances at 31 December 2024 611,185 660,241

AWMRC MANAGEMENT COMMITTEE

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
13
Net assets
Income funds
Unrestricted funds
14		 2024
£
14,814
129,754
144,568
(18,064)
611,185		 £
488,431
126,504
614,935
(3,750)
611,185
611,185
611,185		 2023
£
10,540
162,461
173,001
(29,105)
660,241		 £
521,970
143,896
665,866
(5,625)
660,241
660,241
660,241

The financial statements were approved by the Board of Trustees and authorised for issue on .........................and were signed on behalf by:

..............................

B Brooks (Chairman - Acle Indoor Bowls Representative)

Trustee

AWMRC MANAGEMENT COMMITTEE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

Acle War Memorial Recreation Centre Management Committee is an unincorporated charity in England and Wales. The address of the principal office is shown on page 3 of these financial statements.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 October 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors 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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

AWMRC MANAGEMENT COMMITTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Buildings - 2% and 5% on cost
Land and grounds - 5% straight line
Fixtures and fittings - 12.5% on cost
Playground equipment - 5% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

AWMRC MANAGEMENT COMMITTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 5,651 6,209

3 Donations and legacies

Total Unrestricted
funds
2024 2023
£ £
Donations and gifts - 100

AWMRC MANAGEMENT COMMITTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

4 Charitable activities

Charitable Charitable
Income Income
2024 2023
£ £
Charges for use of facilities 180,889 165,550
Other income 700 832
181,589 166,382

5 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
Administration
Cleaners
Maintenance
Total		 2024
Number
1
2
2
5		 2023
Number
1
2
2
5

There were no employees whose annual remuneration was more than £60,000.

AWMRC MANAGEMENT COMMITTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

6 Charitable activities

Charitable
Charitable
Expenditure Expenditure
2024 2023
£ £
Depreciation and impairment 34,298 34,417
Cleaning and maintenance wages 48,048 54,645
Cleaning and maintenance pensions 651 656
Rates and insurance 18,776 18,501
Light and heat 47,855 52,005
Cleaning and general maintenance 6,970 5,365
Repairs to machinery and equipment 924 1,640
Repairs to buildings, fixtures and fittings 9,992 6,814
Repairs to pitches, court and grounds 21,107 7,687
Valuation fees 795 550
189,416 182,280
Accountancy 1,838 1,750
191,254 184,030

7 Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023.

8 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

AWMRC MANAGEMENT COMMITTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

9 Other

Unrestricted Unrestricted
funds funds
2024 2023
Administration wages 17,859 16,480
Administration pensions 536 494
Postage, stationery and telephone 3,051 2,901
Bowls centre management fees 17,498 15,426
Licenses and permits 840 782
VAT write off 2,658 3,245
Computer and internet expenses 692 746
Sundry expenses 875 717
Security 1,034 796
45,043 41,587

10 Tangible fixed assets

Cost
At 1 January 2024
Additions
At 31 December 2024
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
At 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023		 Buildings
£
843,345
-
843,345
425,803
17,902
443,705
399,640
417,542		 Land &
grounds
Fixtures and
fittings
£
£
164,220
219,759
-
760
164,220
220,519
119,159
188,563
6,658
6,609
125,817
195,172
38,403
25,347
45,061
31,197		 Playground
equipment
£
62,589
-
62,589
34,419
3,129
37,548
25,041
28,170		 Total
£
1,289,913
760
1,290,673
767,944
34,298
802,242
488,431
521,970

In June 2018 the Trustees obtained an independent valuation, for insurance purposes, of the Acle Memorial Buildings, Sports Centre, Social Club and Associated space, based on reinstatement value, of £8,044,445, excluding value added tax (VAT).

In October 2018 the Trustees obtained a further independent valuation, for insurance purposes, of the Acle War Memorial Recreation Centre and Social Club, based on replacement value, of £3,450,000, excluding value added tax (VAT).

The lower valuation was more in line with the expectations of the insurers.

AWMRC MANAGEMENT COMMITTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

11 Debtors

Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2024
£
6,559
1,793
6,462
14,814		 2023
£
3,791
4,781
1,968
10,540

12 Creditors: amounts falling due within one year

Other loans
Pension control
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
1,875
278
718
5,320
352
9,521
18,064		 2023
£
1,875
265
715
17,966
6,017
2,267
29,105

The loan is interest-free and repayable over 10 years commencing in October 2018.

13 Creditors: amounts falling due after more than one year

Creditors: amounts falling due after more than one year
2024 2023
£ £
Other loans 3,750 5,625

The loan is interest-free and repayable over 10 years commencing in October 2018.

AWMRC MANAGEMENT COMMITTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

14 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
UF Retained earnings
All Weather Pitch Sinking Fund
Indoor Bowling Club Sinking Fund
Playground Fund
Previous year:
At 1
UF Retained earnings
All Weather Pitch Sinking Fund
Indoor Bowling Club Sinking Fund
Playground Fund		 January
2024
Incoming
resources
Resources
expended
At 31
December
2024
£
£
£
£
566,300
182,427
(236,297)
512,430
54,595
2,797
-
57,392
38,262
1,960
-
40,222
1,085
56
-
1,141
660,242
187,240
(236,297)
611,185
January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
622,940
168,977
(225,617)
566,300
52,436
2,158
-
54,594
36,749
1,513
-
38,262
1,042
43
-
1,085
713,167
172,691
(225,617)
660,241

15 Related party transactions

The Social Club is not a registered charity and pays a rent for the use of the premises in the Recreation Centre. Both organisations use the same VAT registration number. The Recreation Centre is able to approve the officers appointed by the Social Club. At 31 December 2024 the Social Club owed £1,792.97 (2023 - £4,808.13).

AWMRC MANAGEMENT COMMITTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

16 Funds

The committee operated various funds during the year as follows:

Fund Type Purpose
General fund Unrestricted General running and maintenance facilities
Indoor bowls rink fund Unrestricted Funds set aside for refurbishment of the indoor bowls centre
All weather pitch fund Unrestricted Funds set aside for refurbishment of the all weather pitch
Playground fund Unrestricted Funds set aside for refurbishment of the playground equipment
Tennis court fund Restricted Donated funds for replacement and refurbishment of the tennis
courts