## **CINDERFORD WELFARE CENTRE**
## **CHARITY NUMBER: 301498 FINANCIAL STATEMENTS**
## **AND**
## **ANNUAL REPORT**
## **FOR**
**YEAR ENDING 31st DECEMBER 2022**
## **CINDERFORD WELFARE CENTRE**
## **Contents for the Accounts for the Year Ending st December 31 2022**
|Legal and Administrative Details
Trustees’ Annual Report
Independent Examiner’s Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts|**Page**|
|---|---|
||1
2
6
8
9
10|
## **CINDERFORD WELFARE CENTRE ADMINISTRATIVE DETAILS**
Charity Number:
Charity Number: 301498 Registered Office: Wesley Road Cinderford Gloucestershire GL14 2JN Trustees: Steve Halifax – Chair Rose Halifax - Secretary Steve Halifax – Treasurer Norman Pettiford Scott Morgan Accountant: Major PJ Buzzard FCCA, FCPFA, FMAAT Cedar Accountancy Services 4, Penkenna Close Crackington Haven, North Cornwall EX23 0PF
Page 1
## **TRUSTEES REPORT**
## **Cinderford**
**Welfare Centre (otherwise known as the Cinderford Miners Welfare Hall) Trustees Report for the Year to 31st December 2022**
The objects of the Cinderford Welfare Centre are :-
to provide or assist in the provision of facilities for the inhabitants of the town of Cinderford and the surrounding villages without distinction of political, religious or other opinions, for the recreation or other leisure time occupation in the interests of social welfare with the object of improving the conditions of life for the said inhabitants
to ensure the said land shall be held in trust for use to fulfil the objects of the charity
Charity Number 301498
Page 2
The trustees of the Cinderford Miners Welfare Hall during the year were :-
Steve Halifax – Chair/Treasurer Rose Halifax - Secretary Rob Lewis Norman Pettiford
Current contact detail – 07551 032480 (Steve Halifax)
## Chair's Report
The year to the end of December 2022 has been a particularly successful one for the Hall. The trustees, who I give many thanks to for their continuing support, have overseen a number of significant new activities in the Hall along with some successful development work making the Centre an ever more attractive venue for one-off or regular bookings or for long term use of some rooms in the Hall. We were pleased to continue our work with the Forest Community Media, Ken Penman Taekwondo Classes and Japaneese Marshal Arts. We also had regular bookings from groups such as the Royal Forest of Dean Car Club as well as continuing with helping local residents with car parking. In addition we have had regular support from the Wesley Players. We have had many new refurbishments including the main hall floor being re-sanded and re-polished, repainting of the main lounge and lower hall, repainting of the south-west side of the building and the installation of defibrillation equipment on the main exterior wall.
Page 3
## Treasurers Report
Our policy of renting out space in the building continues to have major benefits in offsetting Hall costs. The Community Media contributed £270.00 per month plus extra to cover the utility bills and the Twaikwondo make further payments of almost £500 per month plus utility bills. Forest of Dean Car Club contribute £60 per week. Coupled with residents parking charges, grants, donations, club and activity weekly bookings, parties and other events have given the Hall a revenue income of approximately £27,500. These monies have enabled the Hall to both continue to run effectively and make some significant infrastructure improvements. We continue to monitor costs carefully and have maintained a healthy current account balance throughout the year.
## Reserves Policy Statement
Th ~~e~~ trustees confirm that no formal reserves policy has been adopted but that they will seek to ~~m~~ aintain sufficient financial reserves to enable the proper settlement of any debts incurred in running the charity and hold, if possible, sufficient cash reserves to enable the running of the char ~~it~~ y for a period of 6 months. We have assessed the likely financial risks to the org ~~an~~ isation.
How are we Meeting our Charitable objects?
~~1~~ . b ~~y~~ the provision of facilities for the inhabitants of Cinderford and surrounding villages by :-
booking in Dancing, Fitness, Self-Defence, Forrest Community Media, Wesley Players, Forest of Dean Car Club
holding events, private parties staging regular weekend music events hosting meetings and charity events providing car parking for local residents
~~p~~ roviding facilities for the provision of local services including Forest of Dean District Council.
2. by holding the land in trust – the land and building continue to be held in trust by the Official Custodian
Page 4
## Public Benefit Statement
Trustees confirm that they have taken due notice of the guidance published by the Charity Commission in regards to the public benefit when reviewing the aims and objectives of the charity and in planning the activities.
Specifically they have, during the year to December 31[st] 2022, continued to provide a public meeting place for the Cinderford and the surrounding villages and to promote entertainment and the use of the facilities for a the use of formal and informal groups. These activities are provided to all irrespective of age, ability, faith, gender, sexual orientation, race, political view or any other belief, condition or trait. Furthermore the land will continue to be held in trust for the ongoing realisation of the charity’s objects.
## Trustee Recruitment and Induction Statement
Trustees shall be elected by votes cast by those eligible to do so at the Annual General Meeting or be co-opted by the Management Committee at some other time provided the total number of trustees does not exceed the maximum number allowed. Prospective trustees shall put forward details of their potential contribution to the running of the charity and be
appropriately proposed and seconded. Support for new trustees will be given by the provision of a pack containing details of the charity, records of meetings held in the past year and, if required, appropriate training to enable the new trustee to fulfil their role to the benefit of the charity and its beneficiaries.
~~T~~ his report was approved by the trustees on 14th March 2022
Name Steve Halifax
Role: Treasurer
Page 5
**----- Start of picture text -----**
I ndependent examiner's report on the accounts
I
**----- End of picture text -----**
## INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
## **Report to the Trustees/ Members of CINDERFORD WELFARE CENTRE**
## **On accounts for the year ended 31st December 2022.**
## **Charity no** 301498
Set out on pages 8-12 and the Trustees' Report on pages 1-5.
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] December 2021.
## **Responsibilities and Basis of Report**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance ~~w~~ ith ~~th~~ e requirements of the Charities Act 2011 (“the Act”).
~~I~~ report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner's Statement**
~~I~~ have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any mat ~~er~~ ial respect: ~~-~~ •the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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 accounts to be reached.
Page 6
Signed:
Date: 14th March 2022
Paul Buzzard, FCPFA, FCCA, CITP, FFA, FMAAT, MBCS, MA. MSc (Charity Acc.) Chartered Public Finance Accountant and Chartered Certified Accountant Cedar Accountancy Services, 4, Penkenna Close, Crackington Haven, EX23 0PF
Page 7
Page 7
## **CINDERFORD WELFARE CENTRE (CHARITY 301498)**
|**INCOME AND EXPENDITURE**
**Incoming Resources:**
**_Voluntary Income_**
**Donations:**
Donations
**_Activities to Further the_**
**_Charity's Objectives:_**
Pool table
Bingo
Activities Paid at the Door
Tea/Coffee
Bar
Hall Rental and Room Hire
**_Activities to Generate Funds:_**
Fund Raising
**_Investment Income:_**
Interest and Investments
**_Gift Aid:_**
**_Other Income (inc. Car Parking)_**
**Total Incoming Resources:**
**Resources Expended:**
Wages
Water Rates and Rates
Gas and Electricity
Cleaning & Waste
Bingo, Raffles, Refreshment & Entertainment
Alarm
Newspapers (Adverts)
Telephone
Maintenance
Insurances
Bank Charges
Accountancy
Depreciation
Sundries
**Total Resources Expended:**
**Net Incoming/(Outgoing) Resources**
Other Recognised Gains & Losses
**Net Movement in Funds**
Total Funds Brought Forward
**Total Funds Carried Forward**
**STATEMENT OF FINANCIAL ACTIVITIES**|**STATEMENT OF FINANCIAL ACTIVITIES**|**FOR THE YEAR**|**FOR THE YEAR**|**ENDED 31st DECEMBER 2022**|**ENDED 31st DECEMBER 2022**|
|---|---|---|---|---|---|
|||**Note**
6|£
£
£
£
£
£
£
£
£
£|**Total**
**2022**
2,814
£
-
£
7,157
£
-
£
945
£
14,795
£
-
£
-
£
-
£
1,782
£|**Total**
**2021**
29,164
-
4,109
-
-
11,770
-
-
-
2,063
**47,105**
-
600
2,696
2,114
5,030
286
395
755
16,481
3,016
9.96
400
911
1,713
**34,408**
-
**12,697**
151,071
**163,769**
|
||||**£**|**27,493**
**£**||
||||£
£
£
£
£
£
£
£
£
£
£
£
£
£|-
£
693
£
2,370
£
808
£
7,730
£
529
£
1,200
£
388
£
14,047
£
3,129
£
77.62
£
400
£
820
£
2,137
£||
||||**£**|**34,328**
**£**||
|||||||
||||£|-
£||
||||**-£**|**6,835**
**£**||
||||£|163,769
£||
||||**£**|**156,934**
**£**||
Page 8
## **CINDERFORD WELFARE CENTRE (CHARITY 301498) BALANCE SHEET AS AT DECEMBER 31st 2022**
|**Note**
**Tangible Fixed Assets**
Tangible Assets
6,7
Investments
5
**Current Assets:**
Debtors (Within 1 year)
2
Debtors (More than 1 year)
Cash at Bank & In Hand
4
**Creditors:**
(falling within 1 year)
3
**Net Current Assets:**
**Total Assets less Current Liabilities:**
**Funds:**
Restricted
Unrestricted
**Total Funds:**||£
£|**31st Dec.**
**2022**
115,259
-
|**31st Dec.**
**2022**
115,259
-
|£
£|**31st Dec.**
**2021**
116,078
-
|**31st Dec.**
**2021**
116,078
-
|
|---|---|---|---|---|---|---|---|
||||
|||
||
|||£||115,259
-
-
42,075
|£||116,989
-
-
48,091
|
|||£
£
£|
||£
£
£|
||
|||£||42,075
|£||48,091
|
|||£
£|
|400
41,675
|£
£|
|400
47,691
|
|||**£**||**156,934**
|**£**||**163,769**
|
|||£
£|
|115,259
41,675
|£
£|
|116,078
47,691
|
|||**£**||**156,934**
|**£**||**163,769**
|
The Financial Statements were approved by the trustees on: and signed on their behalf by:
Signed - Trustee
S Halifax - Treasurer
Date 29th March 2022
Page 9
## **CINDERFORD WELFARE CENTRE (CHARITY 301498)**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2022**
## **Note:**
## **1 Accounting Policies;**
## **Basis Of Preparation Of Financial Statements:**
The financial statements are prepared under the historic cost convention, and in accordance with the Financial reporting Standard for Smaller Entities (effective January 2007), and the Charities SORP 2016 (Accounting and Reporting by Charities) and comply with the Charities (Accounts and Reports) Regulations 2016 issued under the Charities' Act 2011.
## **Incoming Resources:**
Grants Receivable are included in full in the Statement of Financial Activities in the year in which the conditions for their receipt have been complied with. Grants restricted to future accounting periods are deferred and recognised in those future accounting periods. Grants are apportioned to accounting periods on a time apportionment basis.
Voluntary income received by way of donations, and investment income, is included in full in the Statement of Financial Activities in the year in which it is receivable. The value of services by volunteers is not included.
## **Tangible Fixed Assets And Depreciation:**
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over the expected useful lives.
## **Restricted Funds:**
Restricted funds are to be used for the designated purposes as laid down by the original donors - the Miners of Cinderford.Expenditure which meets the criteria is charged to the fund. The endowments are predominatly the buildings and land which costitute the centre.
## **Unrestricted Funds:**
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
## **Resources Expended:**
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. Resources expended are allocated to the particular activity where the cost relate to the activity.
Page 10
## **CINDERFORD WELFARE CENTRE (CHARITY 301498)**
## **Note: NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2022**
|**2**
**3**
**4**
**5**|**Debtors:**
**Falling Due Within One Year:**
Other Debtors
VAT
**Total Falling Due Within One Year:**
**Debtors falling due after more than one year**
**Creditors:**
**Falling Due Within One Year:**
Accruals
**Total Falling Due Within One Year:**
**Creditors falling due after more than one year**
**Cash at Bank and In Hand**
Current Account
**Total:**
**Investments**
None|£
£|**Year End**
**31st Dec.**
**2022**
-
-
|**Year End**
**31st Dec.**
**2022**
-
-
|**Year End**
**31st Dec.**
**2021**
-
£
-
£|**Year End**
**31st Dec.**
**2021**
-
£
-
£|
|---|---|---|---|---|---|---|
||||
||£
£||
|||**£**||**-**
|**£**|**-**
|
||||||||
|||**£**||**-**
|**£**|**-**
|
|||£||400
|£|400
|
|||**£**||**400**
|**£**|**400**
|
||||||||
|||**£**||**-**
|**£**|**-**
|
|||£||42,075
|£|48,091
|
|||**£**||**42,075**
|**£**|**48,091**
|
|||£||-
|£|-
|
|||**£**||**-**
|**£**|**-**
|
Page 11
## **CINDERFORD WELFARE CENTRE (CHARITY 301498)**
## **Note: NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2022**
## **6 Tangible Fixed Assets:**
|**Freehold**
**Computer**
**Property**
**Equipment**
**Cost:**
As at 1 January 2022
107,882
£
2,378
£
Additions
-
£
-
£
Disposals
-
£
-
£
As at 31st December 2022
107,882
£
2,378
£
Accumulated Depreciation:
As at 1 January 2022
-
£
1,978
£
Charge for Year
-
£
40
£
Disposals
-
£
-
£
As at 31st December 2022
-
£
2,018
£
Net Book Value
As at 1 January 2022
**107,882**
**£**
**400**
**£**
As at 31st December 2022
**107,882**
**£**
**360**
**£**
**Net Book Value as at 1st Jan. 2022**
**116,078**
**£**
**Net Book Value as at 31 Dec. 2022**
**115,259**
**£**
**Depreciation Charge for the Year**
**820**
**£**
Depreciation Method - 10% Reducing Balance for all but Property.|£
£
£|**Freehold**
**Computer**
**Property**
**Equipment**
107,882
2,378
£
-
-
£
-
-
£|**Furniture**
41,000
£
-
£
-
£|
|---|---|---|---|
||£|107,882
2,378
£|41,000
£|
||£
£
£|-
1,978
£
-
40
£
-
-
£|33,203
£
780
£
-
£|
||£|-
2,018
£|33,983
£|
||**£**|**107,882**
**400**
**£**|**7,797**
**£**|
||**£**|**107,882**
**360**
**£**|**7,017**
**£**|
|||||
## **7 Net Incoming/(Outgoing Resources) For The Year**
|This is stated after charging:
Depreciation of Tangible Fixed Assets
Trustees Expenses
Independent Examiner's Fees|**Year Ended**
**Year Ended**
**31st Dec.**
**31st Dec.**
**2022**
**2021**
820
£
911
£
-
£
-
£
400
£
400
£|
|---|---|
||**1,220**
**£**
**1,311**
**£**|
Page 12