CPIARITY REGISTRATION NUMBER'.507943 Belbroughton Recreation Centre Unaudited Financial Statements 31st March 2024
Belbroughton Recreation Centre Financlal Statements Year Ended 31 March 2024 Trustees Annual Report Independent Examlners report to the Iruslees Siaiamenl of financi81 aclivllies Siai8menl af financial position Note$ la the financial slalemènts Page 1
Belbroughton Recreation Centre Trustees Annual Report Year Ended 31 March 2024 The Iruslees presént their rèport and the unaudited financial slalemenls of the charity for the year ended 31st March 2024. Objectlves and actlvltles Objectives and actlvltlos for the Publlc Beneflt The purpose of the charity as set out in the Scheme is the use of the land and buildings in the provision of facilities for recreation and other leisure lime occupation in the interests of the social welfare of the inhabitants of the parish of Belbroughton and with the object of improving their conditions of life. The primary objective of the Managing Trustees is lo carry out that purpose and lo improve and increase the range of facilities wherever possible within the scope of avai18ble funding. Electlon and fun¢tlonlng of Managlng Tru8tèe8 The Managing Trustees or Committee of Management, can be a maximum of eleven in number. of which five are elected for a period of 8 year in an annual general meeting. Of the other six. three can be appointed by co-option and three are appointed by the following for a periocl of a year.. Belbroughlon Parlsh Council Belbroughlon Tennis Club The hall and field users The committee meets a minimum of four limes a year lo dètermine policy and lo review development and finance, leaving day lo ¢ay operating decisions to the chairman, filed manager, hall manager and treasurer. There is a tWQ-W8y Communication between the committee and Selbroughton Parish Council, as WÉ are dependent on a large extent on the Council for grants and loans to enable us to fulfil our operating and development objectives. There is also consislenl liaison with our users to ensure that we overcome any practical difficulties they may encounter in the use of our facilities. Page 2
Belbroughton Recreation Centre Trusteas Annual Report Year Ended 31 March 2024 Achlevements and perform¥n¢o Achlevements and Performance Revlgw of PrlnGlpal Actlvlties The Recreation Centre provid85 the maln facility for sport and recroalion within tha p8ri$h of Belbroughlon AclivS1ies such as junior loolball, tennis, bridge, Indoor bowls, dog Ir8inlng, exercise and dance sessions, kick boxing and play areas for th8 children continue lo be well used. Th8 coaching facililias for chlldren, both for tennis and foolb811. allract large numbers form Belbroughlon and 11$ neighbouring villages. The playground area requlred rnajor improvements and fundSng was secured though grants and donations lo comploiely replace and des19n th8 area. The work was ctsmpleled in 2021 and a new fixed asts61 was creaiad al a value of £89,996 representing the cost ol the equipment and the inslallalion Including naw flooring, banches and fenclng whora requlred. Thls asset is beln9 deprecllaled ov8r 10 years. Malntenance and capltal 6xp8ndltura Capital bud9è1s remaln Ilghl. Usual malnlenance and running repÈirs were undertaken lo malntain thè facilities within the hall and on the field. Last year the tennis club ulllised the funds available in their $lnkin9 fund lo resurface tho 1onni$ courts,
nd improva tha lighting, full cost ol Ihls was £87.840 taken from th8 reserved funds, these fund8 are now
slowly being buill back for ongcing mainlonance. This year the ¢ommillee speni money on much needed fencing, gale and pathway repairs, tree culling lo remova overhanglng and polonlially dangerous branches, plus upgrades lo the plumbing in the building improving efFiciencies In water usBge and less wasl8ge. Page 3
Belbroughton Recreatlon Centre Trusteas Annual Report Year Ended 31 March 2024 Flnanclal Rfrvlew Summary of pèrformanco Unreslricled income for the year was £29,78712023.. £24.931}. Expenditure was £20,18012023.' £25.7351, resulting in a surplus for the y¢ar of £9,60712023.. deficil of £8041 which has been added lo reserves. These lolalled £91,084 al the year end. Ourlng Ime year the centre received £12,000 in contributions from the 8elbroughlon Tennls Club towards the slnking fund. This money is held in 8 separate accouni and released lo the tennis club whan significanl maintenancè is required lo the tennis courts. Interest of £289 was recèived In th6 year resulting in a balance 81 the end of the financial year 01 £12,91512023'. £6461. The club plan on increasing this over the next len years to build up a new slnkin9 fund. There viere no movements in either of the other trNO reslricièd funds,. Foundation and Capital Grants. The funds arise from the original sgt up of the Charity and no movement is expect84. Flnanclal Reservès pollcy and buslness revlew The Irusieés policy is lo mainlaln a level of free reserves lor wcrklng capilall of £5,000 under nom81 cir¢um51ancgs. Al the balance sheet dale the actual amount was approx. £28,615, Although Ihls is in excess of the slated poli¢y, the centre have Idenlfied a numbor ol areas of malnlenance required ovor the naxl few yoars lincluding a now roon and Iherefcire feel il prudent lo r81ain the monlos In order lo maintain the standard of the proparty and the gxpecled 1gvo1 of servS¢è lor the Cenlr8's u$ers. The Irusle85 are sallsfied that thi$ ¢harity r8pre8enlS a "golng ¢¢ncern" at the balance sheal dale. Structure, governance and managemont Constltutlon The Re¢realion Centre Is an unin¢orporai•d charity, number 507943, registeréd in 1978 in the name of Belbroughlon Recreation Ground, the consiilulion being embodied in the terms of the trust conlainad in the conveyance of the land lo Iruslee5 in 1920. This conslilulion ivas replaced by the Charity Commission Scheme on 9 January 1996 in which the name was changed lo Belbroughlon Recreation Centre wilh an updating Variation Order dated 1 S December 2003 and consequent Managing Trustee minutes dated 1 April 2004 and 24 January 2013 Cu$todlan Trustee of the freehold property The custodian trustee is 8elbroughlon Parish Coun¢il Page 4
Belbroughton Recreation Centre Trustees Annual Report Year Ended 31 March 2024 Reference and Admlnistration Detalls Raglstered Charity Name Belbroughlon Recreation Centre Charlty Reglstratlon Numbgr 507943 Principal Offlco Hartle Lan8 8elbroughton Slourbridg8 England The trustees P Browne M Browne M Romain S Pawley K Jones S Benbow R Bartram The tfUStees' annual report Was approved on zsl I l u and signed on behalf of the board of trustees by.. P.8rowne Chairman Page 5
Belbroughton Recreation Centre Independent Examiner's Report to the Trustees of Belbroughton Recreation Centre Year Ended 31 March 2024 I report to the trustees on my ex8minalion of the financlal statements of Belbroughton Recreallon Centre I'lhe charity'l for the year ended 31 st March 2024. Responslbllltlès and basls of report The trustees conslder that an audit is not requlred for this year under saclion 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject lo an audit under company law and is eligible for independent examination, it is my r6sponsibility to.. examlne the accounts under section of the 2011 Act to follow the procedures laid down Sn the gener81 Dlrecllons given by the Charity Commlssion under section 145{5>lbl of the 2011 Act,. and to slate whether particular mallers have come lo my allenlion. Independent Examlner's 8tatoment I have completed my examination. I confirm that no materlal matters have come lo my attention In conn8cllon wSth the examination givlng me cause lo belleve that in any material respect.. 1. accounting records wère not kept In respect of the Charity as requlred by section 130 of the Act., or 2. the finan¢i81 stateménts do not accord with those records; or 3. the financial statements do 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 Ihe 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 mallers in connection with the examination to which attention should be drawn in this report l order to enable a proper understanding of the accounts to be reached. A Fisher CHARTERED ACCOUNTANT Page 6
Belbroughton Recreation Centre Statement of Financial Activities Year Ended 31 March 2024 2024 2023 Reslricled funds Reslricled Playground funds - Other Totsl Funds Total Funds Unreslriclad funds Noto Incomg and Endowmonts Donallons & Lega¢ltrs Charitabl8 Aclivili8$ Other Trading Activities Inveslmenl Incom& 11.250 18,537 11,260 30,537 2.500 22,431 12,000 269 289 TOTAL INCOME 29.787 12,269 42,OS6 24.931 Les¥ •xpondllur8 Charitab18 Aclivilie3 Depreciatlon of Play Araa equipment Resurfacing of Tennis courts 20,180 20,180 9,000 25,735 9.000 87,840 15 9.000 TOTAL EXPENDITUR 20,180 9.000 29,180 122,575 Not IExpondStur8lllncom8 and not movement In funds Rèconclllatlon of Funds Total funds brought forwBrd 81,487 72,087 214.753 368,326 485,972 Total fund8 carrled forward The slaiemenl ol financial a¢livilies includes all gains and losses racognisèd in th6 year, All income and expenditure derive from conlinulng aelivili&s. Page 7
Belbroughton Recreatlon Cgntre Statement of Financlal Position Year Ended 31 March 2024 2024 2023 Note Flxfjd As8•ti Tan0118 Fixed Assets IS 340,923 349,923 Current A$•ot• Oèblors Ci$h ai ¢onk and In hand 16 17 41,530 41,53¢ 20.903 20.903 Cr•dilors'. amounts fAlling due wllhln ene year 1,250 2.JOO Not ¢urront AB8•ti 40,280 18,403 Tot41 Aiotsts l••$ ¢yant Ilobllltle• 361,203 388,326 Not A•8•t• 281,203 388.326 Fundo of th• Chirlty R•ilricied Funds UDreslriclod fundi 2•0,109 91.094 2e6,839 81,487 Totsl Chartty Fundi 19 61,20J 366,326 These fifl8ncig1 •laiomanls weio Ipproved by th¢ board ol Iruile&B 8nd aUthorl•od lor liiu• ¢n and •r• siGned on beho11 ¢f lh• board by 2slI Il5 n8 K Jon•$ Tru$it• Pag& 8
Belbroughton Recreation Centre Notes to the Financial Statements Year Ended 31 March 2024 Gon¢ral Informatlon The charity is registered in England and Wales and is unincorpor?led. The address of the principal office is Hartlo Lane, 8elbroughlon, Siourbridge. England. Statomont of compllan¢e Tnasa financial stslemenls have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK 8na Republic of Ireland,, the Sialemgni of Recomm&nd¢d Practice applicable to charities preparing their accounts in accordance with the Financial Rfrporting Standard applicable in the UK and Republic of Ireland IFRS 1021 ICharili&s SORP IFRS 10211 and the Charilias Act 2011. Accountlng Pollcles Basls of proparatlon The financial slal8mgnls h8v8 bèen pr8pared on the historical ctssl basis. Golng Concern There ara no material uncertainties about the charity S 8bility lo continue. Dlsclosurg •x¢mptlon$ The enlily satisfies the criteria of belng a qualifySng enlily as defin8d in FRS 102 by reason ol being small, As such, advantage has been taken of the following dlsclosuro exemptions availabl& under FRS 102.. lal No cash flow s18lemenl has been presented for Iha company. Ibl Oisclosuros in respect of financial instruments have not been presentèd. Judgomènts and key Sourc6$ of estlmatlon uncertalnty The preparalicn of the financial slalemanls requires man8gemenl lo make judgements. eslimaies and assumptions that aff8¢1 the amounts reported. These eslimaios and judg8menls ar6 conilnually reviewed and are based on experience ancs Other factors, in¢ludin9 expectations of lulure events Ihal are believed to be reasonable under the circumstances, In the opinion ol the Iruslees there arè ntr judgoments (apart from those involving eslimalionsl that hav8 been made In Ihe process of applying the enlily's ac¢ounling policies that have 8ny significant effect on tho amounts recognised in the financial slalemenls. Accounllng eslimales and assumptions are made concerning the future and. by their nature, will rarély equal the related actual outcome, The k9y assLJmptions and other sources of eslimalion uncertainty that have a significant risk of causin9 a material adjuslmenl lo the carrying amounts of assets and liabilitie5 within Ihe n?xl financial year are as follows". There is no significant impaimient in the carrying valuo of the charity's property al the yeaf end 131 March 2024.. £243,088), Page 9
Belbroughton Recr6ation Centre Notes to the Financial Statements Year Ended 31 March 2024 Accountlng Poll¢les l¢ontlnuedl Fund Accounting Unreslricled funds are available for use al the discfelion ol the Iruslees lo further any of the charity's purposes. Reslricled funds are subjected lo reslficlions on their expenditure declared by the donor or through th& terms of an appeal. All are ¢onsidered lo be reslricled incom8 funds, there are no endowment funds. Grants received towards property mainlonance or Capital expendilura together with related expenditure are treated 15 reslri¢led income and expenditure. Monies recelved from Belbroughlon Tennis Club towards future repairs and maintènance and related expenditure are also Irealed as reslricteci items, Bank interest arising on the monit$ held is also Irealed as restricted income. Incomlng Resources Al income Ss included in the slalemenl ol financial activities when enlillemenl has passacl lo the ¢harity, it Is probable that the economlc bgnolils associated with the Iransaclic)n will flow lo the charity and the amount can ba reliably measured. The following specific policies are applied lo particular categories of Income.. Income from donations or grants is recognised when Ihore is ovlden¢e of enlillemenl lo the gift, receipt is probabl& and ils amount can be measurèd reliably. No amounts are included for the contribution of genèral volunteers. Rasourc69 Expended Expen(Jilure is recognised cn an accruals basls as a liability is incurred. Expenditure includes VAT as this c8nnol be re¢ov8red, and Is classified under headirigs of the slaiem?nt ol financial 8¢1ivilies 10 which il relates.. exp8ndilure on raising funds Includes Ine ¢o$ls of all fundraislng 8clivi11gs, events, non¢harilabl8 trading acllvilles, and the sale ol donated 9oods. expenditure on charitable aelivilies includes all costs Incurred by a ch8rily in undertaking activities that further ils charitab18 alms for the benefit of ils beneficlarie$, including those support costs and costs relating lo the govern8ncè of the charity apportioned lo Charitable Octivitiès. other expenditure In¢lud&s 8118xpendilur8 that is neither relal6a lo raising lunds for th8 charity nor part ol ils expenditure on charitable aciivilies, All costs 8re allocated lo expenditure calegorle$ reflecting the use of the resourcè. Direct costs atlribulable lo a single acllvily ar8 allocated dlreclly lo that activity. Sh8recl costs are apportioned befv4een the aclivllies they contribute lo on B r6asonable, justifiable and consiglenl basis. Tanglblg Assets Tangible agsels are initially recorded ai co$1, and subsequen15y slated al cost less any a¢cumulal•d *Jgpre¢iaiion and impairm&nl losses. There are no tangible assols carried al revalued amounts. Page 10
Belbroughton Recreation Centre Notes to the Flnanclal Statements Year Ended 31 March 2024 Accountlng Pollclos IGontlnu8dl Oepreclatlon Depreciation is calculated so as lo write off the cost or valualitsn ¢f an ass81. less ils residual value, over thé useful economic life of that asgel as follows.. Play Area eouipmenl - slraighi line over 10 years Fixtures und fillings - IO0/• straight line Impalrmont of Flxod A¥$ets A review Iof Indicators ol impairment 1$ carried out al each reporting dale. with th8 recoverable amouni belng esllmaled wh&re such indicators oxisl. Where the ¢arrySng value exceeds the recoverable amounl, th& asset Is impaired accordingly. Prior impairm&nl$ are also reviewed for po$slble reversal al each reporting date. Flnancial In8truments A linaneièl asset or a financial liability 15 recognistrd only when th6 entity becomos 8 paty lo th& conlraciual provisions of the inslrumenl. 8&sic fin8ncia1 inslrunienls are inilially recognised al the amount r8ceiv8bl& or parablo including any related Iransaetion costs, unless thè arrangement conslilules a financing Iransaclion, whère il is recogni5ed al the present value ol the lulure payments discounted il a market rale ol inl8r861 for a simllar débt inslrumenl, Current agsg15 Bnd current liabililia5 ara subs8qU8nlly measured al Ihe cash or other Consideration expect8d lo be paid or received and not discounted. Debl instruments ore subsequently measured al amortised ¢o$l. Donallong and Legacl8s Unrestricted Resiricied Totsl Funds Funds FLJnds 2024 Donatlon$ Donations Scarecrow Fa8liv¥l 10,000 10,000 Grants Grants receivable IPlaygroundl Grants Receivablo Ioiherl Ground maintenance granlG 1,250 1,2SO 11,250 11,250 Unreslricled Raslricled Total Funds Funds Funds 2023 Donatlons Donations Scarecrow Festival Grants Grants receivablè (Playground) Grants Receivable Ioiherl Ground mainlenanee grants 2,500 2,500 2,500 2.500 Page11
Belbroughton Recroation Centre Notes to the Financial Ststements Year Ended 31 March 2024 Charltablg A¢tlvlt19¥ Unrestrlcled Restricted Total Funds Funds Funds 2024 Football Pitch Rent Hall and Jubilee room lees Tennls Club Rent 1,203 11,232 6,102 1.203 11.232 18,102 12,000 16.537 12.000 30,537 Unreslricled Reslrl¢ied Total Fund8 Fun(Ss Fund$ 2023 Football Pitch Rent H811 and Jubllee room fee$ Tennls Club R¢ni 1,124 15,300 6,006 1.124 1 S.300 6.008 22,431 22.431 Oth•f tradlng •ctlvltlo$ 2430 Unréslricled Total Funds UnfeslrScled Tola1 Funds Funds 2024 Funds 2023 Hall and Jubllee room lea$ Inve8tmgnt In¢om Ro$lrl¢led Total Fund8 Restrlcted Total Funds Funds 2024 Funds 2023 88nk Interest rec8ivable 269 269 Page 12
Belbroughton Recreation Centre Notes to the Financial Statomonts Year Ended 31 March 2024 Expendlturo on charltabl& actlvltl68 by fund type Unrestricted Reslricled Total Fund8 Funds Funds 2024 Community Cenire Support Costs 20.180 20,180 20,180 20,180 Unreslrlclea Re$ldcled Total Funds Funds Funds 2023 Community Centre Support Costs 25,73S 25,735 25,735 25,735 Expondlture on charltablg acllvlllgs by actlvlly typ9 undertaken Support Total Funds Total Funds costs 2024 2023 Cornmunlty Centre Governance costs 20,180 20,180 25,735 20,180 20,180 25,73S 10. Analy818 of 8UPPOrt CO8ts Conimunily Cenlre Total 2024 Tota1 2023 Governan¢e costs Not In¢ome loxpendlturel Nel Incomellexpendilurel is slated after charglngllcredlllngl.. 2024 2023 Depreciation of ianglble fixed asseis 9,000 9,000 12. Ind•p•ndgnt Examlnatlon fags 2024 2023 Fees payable to the Independent examiner lor.. Independent examlnalion of financial slalemenls P29e 13
Belbroughton Recreation Centre Notes to the Financial Statements Year Ended 31 March 2024 13. Stsff costs The total staff costs and employee benefits for the reporting period are analysed 89 follows.. 2024 2023 The average head count ol employees during the year was Nil12023'. Nill, 14. Tru•t•• rèmunaratlon and •xp¢n8e8 In previous years one Of more trustees had been pald rernuneralion or recelved other benefits from ernploymenl with the Charity or 8 related enlily. p8rmlsslon for this had been granted by Charity Cornmission.. no payments have beén made in the current or Imrnediaiely preceding year, 16. Flxed Ass•ts Freehold Property Tennls Courts Flxtures & TOTAL Play Ara8 Cost At 1 AprS12023 Additions OIsp088ls 243.088 34,839 89,996 23.537 391.460 At 31 March 2024 243,088 34,839 89,996 23,537 391,460 Deprocl8llon Al l April 2023 Charge for the ye8r Impalrmenl Dlgposals 18,000 9,000 23,537 41,537 9,000 At 31 March 2024 27,OQO 23,537 60,537 C4rrylng Amount At 31 March 2024 Al 31 Mar¢h 2023 243.088 34,839 71,996 49.92 16. D8btor8 2024 2023 Prepayments and accrued Income 17. Cash Unreslricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Cash al Bank M2in current account Savings account (Sinking fund) 28,615 28,615 12,91S 41.530 20,257 646 20,903 12.915 12,915 28,61 S P2ge 14
Belbroughton Rècreation Centre Notes to the Financial Statements Year Ended 31 March 2024 18. Credltors.. amount8 falllng du6 wlthln onè yaar 2024 2023 Accruals and deferred incorne 1,250 2,500 19. Analy61s of ¢harlt?blg fund$ Al 1 Aprll 2023 At 31 March 2024 Unr68trlcted Fund8 Income Expenditure General Fund$ 81,487 29.787 120,1801 91.094 128 At 31 March 2024 R•itrlcted Funds Al 1 Apr51 2023 Income Expendiiuro Foundlng Fund Capiial Grants Tennis Court M8lnienanc& Playground fund 340 213.767 848 72.087 286.840 340 213,767 12,91S 63.087 290,109 12.269 19,000 19,0001 12,269 20, An8ly•l8 ol net 8llètB b•tsvoon fund8 Unreslricted Re51rlcled Total Fund$ Total Funds Funds Funds 2024 2023 Tangible fixed asse1$ Current ass&is Creditors las8 than 1 year 63,729 28.615 11.2501 91.094 277,194 12,915 340,923 41,530 11,2501 381.203 349,923 20.903 12,5001 368,328 Ngt a$89ts 290.109 Page 15