Docusign Envelope ID: FEC53091-8AE7-4D22-8183-5170703147F9
THE BETTESHANGER SOCIAL WELFARE SCHEME
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
CHARITY NUMBER: 302727
Docusign Envelope ID: FEC53091-8AE7-4D22-8183-5170703147F9
THE BETTESHANGER SOCIAL WELFARE SCHEME
INDEX TO ACCOUNTS FOR THE YEAR ENDING 30 JUNE 2023
Reference and Administrative Details
Chairman Report
Report of the Trustees
Independent Examiners Report to the Trustees
Statement of Financial Activities
Notes to the Financial Statements
Detailed Statement of Financial Activities
Docusign Envelope ID: FEC53091-8AE7-4D22-8183-5170703147F9
THE BETTESHANGER SOCIAL WELFARE SCHEME Reference and Administrative Information For year ended 30th June 2023
The Trustees present their report with the unaudited financial statements of the charity for the year ended 30th June 2023
REFERENCE AND ADMINISTRATIVE INFORMATION
Charity Registration number 302727 Principal address BSWS Sports Club Cavell Square Deal Kent CT14 9HN
Trustees
The trustees and officers serving during the year and since the year end were as follows
| B Goold (Chairman) | B Goold (Chairman) | |
|---|---|---|
| M Friend | ||
| T Cousins | ||
| B Gardiner | (Appointed 7th February 2023) | |
| H Ambriz | (Appointed 3rd October 2023) | |
| J McLaren | (Appointed 3rd October 2023) | |
| R Parry | (Appointed 8th February 2024) | |
| A May | (Appointed 8th February 2024) | |
| P Anderson | (Appointed 8th February 2024) | |
| S Morgan | (Appointed 8th February 2024) | |
| S Bentley | (Resigned 12th March 2023) | |
| T Tonks | (Resigned 8th February 2024) | |
| Independent Examiner | The Sandwich Accountancy Group Ltd | |
| 148 Dover Road | ||
| Sandwich | ||
| Kent | ||
| CT13 0DD | ||
| Bankers | NatWest Bank | |
| 3 High Street | ||
| Deal | ||
| Kent |
Docusign Envelope ID: FEC53091-8AE7-4D22-8183-5170703147F9
THE BETTESHANGER SOCIAL WELFARE SCHEME Reference and Administrative Information For year ended 30th June 2023
The Trustees present their report with the unaudited financial statements of the Charity for the year ended 30 June 2023
OBJECTIVES AND ACTIVITIES
The purpose of the charity as set out in its governing document is to provide a Social Welfare Centre and Sports Recreation Ground for the use of the residents in the Borough of Deal, Parish of Northbourne and surrounding areas.
The main activities undertaken in relation to those purposes are rent of properties, pitch hires, hall hire and provision of recreational facilities.
ACHEIVEMENTS AND PERFORMANCE
The Trustees believe that the Charity objectives are continuing to be achieved successfully.
FINANCIAL REVIEW
Full details of the Charity Finances are set out over the following pages
It is the policy of the Charity to continue to build up reserves to a sufficient level by means of annual operating surpluses, development of land and judicious management of investment assets
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is constituted under the Charity Commission Scheme and is registered charity 302727.
The management committee during the year consisted of Trustees and Secretary, along with sub-committee responsible for management of The Sports Club.
The Trustees are appointed by the National Union of Miners and separately by the Colliery Industry Social Welfare Organisation.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Charity trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. The Trustees are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities
RISK MANAGEMENT
The management committee keeps under constant review the major risks to which the Charity is exposed and seeks to minimise and mitigate them. The committee has in place a health and safety policy covering all aspects of the use of the building by the charity and by the user-groups who rent space in it.
PUBLIC BENEFIT
The trustees believe that their policy of making recreational and sports facilities available to user-groups and individuals, from the Borough of Deal, Parish of Northbourne and surrounding areas, and giving whatever other support possible to those usergroups, is for the public benefit, as required by charity legislation.
GOING CONCERN
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
RESERVES POLICY
The Trustees have determined that The Betteshanger Social Welfare Scheme should seek to maintain a level of reserves as follows:
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•Unrestricted general reserve equivalent to 12 months of budgeted running costs
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•Designated reserves to accumulated funds for specific purposes and those funds designated to each section.
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•Restricted reserves to the extent that funds received for restricted purposes have not yet been fully expended.
Docusign Envelope ID: FEC53091-8AE7-4D22-8183-5170703147F9
STATEMENT OF TRUSTEE RESPONSIBILITIES
Charity law requires the trustees to prepare financial statements for each year which give a true and fair view of the disposition of the net assets of the Charity and of its financial transactions for that year. The trustees are required to:
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select suitable accounting policies and apply them consistently
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make judgments and estimates that are reasonable and prudent
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prepare the statements on a going concern basis unless that is inappropriate
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with charity law. They 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.
GOVERNANCE OF THE CHARITY
The trustees have a further duty to ensure that the governance of the charity is conducted to the highest standards. In this charity, it is accepted as being the responsibility of the trustees themselves - and that being so, there can clearly be no monetary costs attached to these activities. The expenditure heading in the Statement of Financial Activities under which governance would have been included had there been any such expenditure, is "management and administration". No mention is made of governance under that heading simply because no resources were so expended. The trustees confirm, however, that it is their belief that they have properly met their obligations in this regard.
Approved by the Board of Trustees and signed on its behalf by
11-Aug-2024 | 9:14 AM BST ………………………………………. ………………………………………. Mrs B Goold (Chair) Date
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THE BETTESHANGER SOCIAL WELFARE SCHEME
Independent Examiners Report to the Trustees For year ended 30th June 2023
I report to the trustees on my examination of the accounts of the charity for the year ending 30th June 2023
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act).
I report in respect of my examination of the charity'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 Examiners Statement
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.
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act, or
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the accounts do not accord with those records: or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out I 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.
Mrs J Wilkinson FMAAT FICB Accountant The Sandwich Accountancy Group Ltd 148 Dover Road Sandwich Kent CT13 0DD
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THE BETTESHANGER SOCIAL WELFARE SCHEME
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 30 JUNE 2023 (Including Income & Expenditure Account)
| INCOME Notes Income from charitable activities Donations & grants 2 Charitable activities Other trading activities Income from investments Investments 3 Total income EXPENDITURE Expenditure on charitable activties 4 Other expenditure 5 Total expenses Gain on Investment property NET MOVEMENT IN FUNDS Funds brought forward Funds carried forward |
Unrestricted fund 2023 £ 14423 190683 4032 471 209609 95552 163257 258809 0 (49200) 1170121 1120921 |
Restricted fund 2023 £ 0 0 0 0 0 0 0 0 0 0 0 |
Total funds 2023 £ 14423 190683 4032 471 209609 95552 163257 258809 0 (49200) 1170121 1120921 |
Total funds 2022 £ 11611 185482 10000 32 207125 97555 95625 193180 0 13945 1156176 1170121 |
|---|---|---|---|---|
All the above results are derived from continuing activities. There are no other gains or losses other than those shown above
Docusign Envelope ID: FEC53091-8AE7-4D22-8183-5170703147F9
THE BETTESHANGER SOCIAL WELFARE SCEHEME
BALANCE SHEET As at 30th June 2023
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS NET ASSETS The funds of the charity Unrestricted funds General funds 10 Designated funds Reserves Revaluation reserve Total Reserves |
Funds 2023 £ 1209575 1209575 9907 152269 162176 7640 154536 1364111 293581 340644 634225 729886 1364111 |
Funds 2022 £ 1210646 1210646 8594 205209 213803 8954 204849 1415495 348155 337454 685609 729886 1415495 |
|---|---|---|
The financial statements were approved by the board and authorised for issue by the Board and signed on its behalf by
………………………………...……
Mrs B Goold Trustee 11-Aug-2024 | 9:14 AM BST Date:…………………………………
Docusign Envelope ID: FEC53091-8AE7-4D22-8183-5170703147F9
THE BETTESHANGER SOCIAL WELFARE SCHEME
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023
1 Accounting Policies Basis of preparation
The Financial Statements have been prepared in accordance with Statement of Recommended Practice: 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) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011
Change in basis of accounting
There has been no change to the accounting policies (valuation rules and method of accounting) since last years and no changes have been made to accounts for previous years.
Fund accounting Unrestricted funds These are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity Designated funds These are unrestricted funds earmarked for particular purpose Revaluation funds These are unrestricted funds which include revaluation reserve Restricted funds These are available for the use of the Charity subject to restrictions imposed by the donor or through terms of an appeal Volunteer help The value of any volunteer help received is not included in the accounts
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date, and are not depreciated, All gains and losses are taken to the Statement of Financial Activities as they arise
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts
Bank & cash equivalents
Bank and cash equivalents comprise of cash at the bank and in hand.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised net of any discounts
| Income from charitable activities Grants and donations Sponsorships Memberships |
Unrestricted fund 2023 £ 8673 0 5750 14423 |
Restricted fund 2023 £ 0 0 0 0 |
Total funds 2023 £ 8673 0 5750 14423 |
Total funds 2022 £ 5809 995 4807 11611 |
|---|---|---|---|---|
- 2 Income from charitable activities
| Income from charitable activities Sections activity Rental income Hall hire Pitch hire Income from other trading activities Occupational licence |
Unrestricted fund 2023 £ 100926 34669 20617 34471 190683 Unrestricted fund 2023 £ 4032 4032 |
Restricted fund 2023 £ 0 0 0 0 0 Restricted fund 2023 £ 0 0 |
Total funds 2023 £ 100926 34669 20617 34471 190683 Total funds 2023 £ 4032 4032 |
Total funds 2022 £ 117973 18542 20681 28286 185482 Total funds 2022 £ 10000 10000 |
|---|---|---|---|---|
Docusign Envelope ID: FEC53091-8AE7-4D22-8183-5170703147F9
- 3 Income from investments Bank interest
| Unrestricted fund 2023 £ 471 471 |
Restricted fund 2023 £ 0 0 |
Total funds 2023 £ 471 471 |
Total funds 2022 £ 32 32 |
|---|---|---|---|
| Expenditure on Charitable Actives Sections activity Analysis of support costs Bank loan and overdraft payable Premises costs General administrative costs Legal & professional fees Depreciation, profit & loss on disposal of fixed assets |
Unrestricted fund 2023 £ 95552 95552 Unrestricted fund 2023 £ 0 136087 1715 16587 8868 163257 |
Restricted fund 2023 £ 0 0 Restricted fund 2023 £ 0 0 0 0 0 0 |
Total funds 2023 £ 95552 95552 Total 2023 £ 0 136087 1715 16587 8868 163257 |
Total funds 2022 £ 97555 97555 Total 2022 £ 0 76705 2144 11870 4906 95625 |
|---|---|---|---|---|
-
4 Expenditure on Charitable Actives
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5 Analysis of support costs
| 6 Land & Buildings £ Cost or revaluation at 01 July 2022 951795 Additions 0 Revaluation 0 Disposals 0 Cost or revaluation at 30 June 2023 951795 Depreciation at 01 July 2022 0 0 Depreciation at 30 June 2023 0 Net book value at 30 June 2023 951795 Net book value at 30 June 2022 951795 This is stated after charging/(crediting) Depreciation on owned fixed assets 7 Staff costs No employee received emoluments in excess of £60,000 8 Debtors Debtors Prepayments and accrued income Other debtors Tangible fixed assets Depreciation charge in year |
Plant & machinery £ 4119 0 0 0 4119 1803 464 2267 1852 2316 |
Fixtures & Equipment £ 22927 0 0 0 22927 16669 1251 17920 5007 6258 |
Assets held by Sections £ 250277 3962 0 0 254239 0 3318 3318 250921 250277 2023 £ 5033 2023 £ 3330 6577 0 9907 |
Total £ 1229118 3962 0 0 1233080 18472 5033 23505 1209575 1210646 2022 £ 2144 2022 £ 1030 920 6644 8594 |
|---|---|---|---|---|
Docusign Envelope ID: FEC53091-8AE7-4D22-8183-5170703147F9
9 Creditors 2023 2022 £ £ Creditors 0 14 Loans from individuals 5000 5000 Other creditors 0 0 Accruals and deferred income 2640 3940 7640 8954
10 Movement in funds
| Unrestricted funds Balance at July 2022 Incoming resources Outgoing resources £ £ £ General funds 348155 108683 (163257) 348155 108683 (163257) Designated funds Indoor bowls 64789 8519 (6235) Outdoor bowls 49754 17681 (14027) Football 23939 58337 (58389) Cricket 4420 1579 (3335) Band 187627 2967 (1528) Allotment/Fishing/Pigeons 4632 7435 (9148) Sports Club 0 0 0 Social Club 109 4408 (4183) Saturday Evening 995 0 0 Sunday Bands 1189 0 0 337454 100926 (96845) Revaluation reserve Revaluation fund 729886 0 0 Total funds 1415495 209609 (260102) Purposes and restrictions in relation to the funds Revaluation fund Represent the amount by which investments exceed their historical cost |
Gross Transfers £ 0 0 0 0 1280 0 4 9 0 0 (995) (1189) (891) 0 (891) |
Balance at June 2023 £ 293581 293581 67073 53408 25167 2664 189070 2928 0 334 0 0 340644 729886 1364111 |
|---|---|---|
Designated funds
Represent funds which are designated to each sections
11 Taxation The Betteshanger Social Welfare Scheme is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities
12 Related party disclosures
There were no related party transactions during the year
Docusign Envelope ID: FEC53091-8AE7-4D22-8183-5170703147F9
THE BETTESHANGER SOCIAL WELFARE SCHEME Detailed Statement of Financial Activities For the year ended 30th June 2023
INCOME AND ENDOWMENTS
| Donations and legacies Donations & grants Sponsorships Memberships Charitable activities Sections income Property Rental income Hall hire Pitch hire Other trading activities Occupational licence Income from investments Bank interest Total incoming resources Expenditure on: Charitable activities Section activity Other expenditure Premises cost Rent Rates Light, heat & power Premises cleaning Repairs and maintenance Grounds maintenance Sundry expenses Administration costs Bank charges Bank loan interest Insurance Software, IT and consumables Office costs Licences and subscriptions Other exceptional costs Depreciation Legal & professional Agents fees Professional fees Total resources expended Net gains on investment property NET INCOME Total funds brought forward Total funds carried forward |
2023 £ 8673 0 5750 14423 100926 34669 20617 34471 190683 4032 4032 471 471 209609 95552 95552 106 8956 26883 4662 91920 3360 200 136087 0 0 5240 356 742 1145 9104 1715 18302 4715 4153 8868 258809 0 (49200) 1170121 1120921 |
2022 £ 5809 995 4807 11611 117973 18542 20680 28286 185481 10000 10000 32 32 207124 97555 97555 156 11859 16796 8712 34001 4748 432 76704 0 0 9148 367 1774 581 0 2144 14014 0 4906 4906 193179 0 13945 1156176 1170121 |
|---|---|---|