**THE MARSKE CENTRE LIMITED STATEMENT OF ACCOUNTS YEAR ENDED 30th JUNE 2023**
**Company Number 01706830 Charity Number 513927**
## **The Marske Centre Limited**
## **Management Committee Report for the year ended 30th June 2023**
The management committee presents its report and the unaudited financial statements for the year ended 30th June 2023
## **Reference and administrative information**
|**Charity Name**|The Marske Centre|Ltd|
|---|---|---|
|**Charity registration number**|513927||
|**Company registration number**|1706830||
|Registered office and operational add 69/71 High Street|||
||Marske||
||Redcar||
||Cleveland||
||TS11 6JL||
|Trustees|I Lowe|Chairman/Treasurer|
||E Lowe|Company Secretary|
||E J Fox||
||J Findley||
||J Elgie||
||G Lowe||
||K Savage||
||J Holland||
|Independent Examiner|||
||L Pearson||
||17 Howard Drive||
||Marske||
||Redcar||
||TS11 7JE||
|Bankers|Natwest Bank Plc||
||Redcar||
||Cleveland||
## **The Marske Centre Limited**
## **Management Committee Report for the year ended 30th June 2023**
## **Structure, governance and management**
## Governing Document
The charity is a company, limited by guarantee, incorporated on 16th March 1983 and registered as a charity on 6th June 1983 The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its Articles of Association In the event of bankruptcy,members are required to contribute an amount not exceeding £1.50.
## Risk Management
The trustees constantly review the risks to which the charity is exposed and to this end they put in place systems and stategies to minimise those risks.
## Organisational Structure
The trustees are responsible for the strategic objectives of the charity.
## Related Parties
There are no related parties other than Trustees
## **Objectives and Activities**
The objects of the charity as set out in its Memorandum of Association are
To promote the benefit of the inhabitants of Marske-by-the-sea in the County of Cleveland and the neighbourhood without distinction of sex or political, religious or other opinions, by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interest of socal welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.
The trustees have had regard to the Charities Commission guidance on public benefit.
**The Marske Centre Limited**
## **th Management Committee Report for the Year ending 30 June 2023**
## Achievements and performance
## Trustees Report
A big thank you to our Staff, Volunteers who keep the centre runnung for the community to to enjoy our facilities. The centre continues to be financially viable and strives to improve the centre each year through grants and funds generated by its own income.
## **Centre improvements carried out**
All the lighting in the centre including emergency lighting etc has been renewed and all are now LED Lighting which will save Electricity costs in the future especially in these times of high utility costs.
Ballroom Bar modifications were completed.
## **Grant information**
Grants were received in this period from: The National Lottery Community Fund The Bernard Sunley Foundation. Saltburn and Marske Parish Council Catherine Cookson Heritage Foundation The Jack Brunton Foundation Tees Valley Community Fund
## **In 2023/2024 the committee have the following projects to Progress**
To renew the Main Slate Roof of the Centre. To renew the Floor covering The Ladies Toilets.
## **The Marske Centre Limited**
## **Management Committee Report for the year ended 30th June 2023**
## **Financial Review**
The Statement of Financial Activities shows the result of the charity for the year unrestricted reserves of £76,163.60 remain at 30th June 2023
## Income Sources
The bulk of our income derives from activities generated within the centre
## Reserves Policy
The trustees have established that the organisation should aim to build up free reserves of approximately 3 months running costs, which would be around £12,000 as at 30th June 2023. at this date free reserves were £76,163.60
## **Statements of trustees ( directors) Responsibilities**
The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Practice ( United Kingdom Accounting standards and applicable law) The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period In preparing these financial statements, the directors are required to
Select Suitable accounting policies and then apply them consistently
make judgements and estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the compand hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Committee
I lowe
Chairman
Date
## **Independent Examiners Report to the trustees on the Unaudited Accounts of The Marske Centre Limited**
I report on the accounts of the company for the year ended 30th June 2023
## **Respective responsibilities of trustees and examiner**
The trustees ( who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the charities Act 1993 (the 1993 act ) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to
examine the accounts under section 43 of the 1993 Act.
follow the procedures laid down in the general directions given by the Charity Commission (under section 43(7)(b) of the Act, as amended), and
state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with general Directions given by the Charity Commission An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters . The procedures undertaken do not provide all the evidence that would be required in an and consequently no opinion is given as to whether the accounts present a " true and fair view " and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
The leisure centre has now progreessed the accounting system to a Sage accounting package and there is a backup facility in place.
I do not believe that any adjustments made a net material difference.
1) which gives me reasonable cause to believe that , in any material respect, the requirements to keep accounting records in accordance with section 386 of the companies Act 2006 and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice Accounting and Reporting by Charities have not been met or
2 )to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
L D Pearson A.C.M.A 17 Howard Drive Marske-by-the-sea Redcar Cleveland TS11 7JE
Date
## **The Marske Centre Limited**
## **Statement of Financial Activities**
## **Year Ended 30th June 2023**
|**Note**
**Unrestricted**
**Funds**
**Incoming Resources**
**Incoming Resources from**
**Generated Funds**
Fund Raising & Donations
225
Investment Income
0
**Incoming resources from**
**Charitable activities**
Grants receivable
2
22720
Membership
0
Coffee Area
486.5
Miscellaneous Sales
1213.38
Function Room
39563.84
Club Room
10776.31
Committee Room
0
Badminton
2230
Football
0
Hall hire
10459
Polling Station
275
Raffles & Blindcard
0
Bingo
0
Childrens Party
775
**Total Incoming Resources**
88724.03
**Resources Expended**
**Charitable Activities**
3 80857.62
80857.62
**Net Incoming Resources**
7866.41
**Fund Balances Brought Forward**
**Fund Balances Carried Forward**|**Restricted**
**Funds**
0
0
0|**2023**
**2022**
**Total**
**Total**
**Funds**
**Funds**
225
1655
0
0
22720
18115
0
0
486.5
0
1213.38
150
39563.84
36064
10776.31
10084
0
0
2230
3036
0
0
10459
10817
275
102
0
0
0
0
775
1340|
|---|---|---|
|||88724.03
81363|
|||80857.62
69995|
|||80857.62
69995|
||||
|||7866.41
11368|
|||112076.3
100708
119942.7
112076|
## **The Marske Centre Limited**
## **Balance Sheet as at 30th June 2023**
||||2023|||2022||
|---|---|---|---|---|---|---|---|
|Note||£||£|£||£|
|**Fixed Assets**|4|||39359.97|||44833.83|
|**Current Assets**||||||||
|Prepayments|5|||0|||0|
|Debtors||||1398.96|||1207|
|Cash at bank and in hand||||98883.6|||85505|
|Stocks||||900|||900|
|||||101182.56|||87612|
|**Current liabilities**||||||||
|Creditors & Accrua|6|||0|||-43|
|**Net Assets**||||140542.53|||132488.83|
|**Funds**|9|||||||
|Unrestricted Funds||||140542.53|||132488.83|
|||||0.00||||
For the year ending 30th June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors Resposibilities
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions for small companies under part 15 of the companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the Committee
I Lowe Chairman
Date
## **The Marske Centre Limited**
## **Notes to the Accounts**
- 1 **Accounting Policies**
- a) The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) , the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Charities Statement of Recommended Practice issued in March 2005
- b) Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included.
- c) Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
- d) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered and allocated to the particular activity to which they relate.
- e) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life at the following rates.
Equipment 25% reducing balance
- f) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purposes and are available as general funds.
- g) Designated funds are unrestricted funds earmarked by the management committee for particular purposes.
- h) Restricted funds are to be used for specific purposes as laid down by the donor Expenditure which meets these criteria is charged to the fund.
## 2) **Grants Receivable**
|**Grants Receivable**|||
|---|---|---|
|Unrestricted
Funds
£
Arnold Clark
Tees Valley Community
RCBC
Brunton J Chart
ESC Lotterey
Saltburn Marske & New Marske Parish
The Bernard Sunley
Catherine Cookson Heritage Trust
Main Grants
0|Restricted
Funds
£
1440
1000
9000
780
10000
500
22720|Total
Total
2023
2022
£
£
1000
1440
4000
1000
1000
9000
780
1115
10000
4000
500
7000|
|||22720
18115|
## **The Marske Centre Limited**
## **Notes to the Accounts**
3) **Total Resources Expended**
||||**2023**||**2022**|
|---|---|---|---|---|---|
||**Charitable**|**Governance**|**Total**|**Total**||
||**Activities**|**Costs**||||
||**£**|**£**|**£**|**£**||
|**Costs Directly allocated to**|**activities**|||||
|Wages and Coaching fees|17278.71||17278.71||12135|
|Rates and Water|1276.32||1276.32||764|
|Light and heat|7565.58||7565.58||6924|
|Insurance|2208.43||2208.43||4793|
|Repairs and Maintenance|6753.57||6753.57||9515|
|Telephone|1078.82||1078.82||1389|
|Stationery|126.73||126.73||402|
|Postage|28.04||28.04||10|
|Depreciation|18940.65||18940.65||15574|
|Accountancy|3471.5||3471.50||1804|
|Licenses|443||443.00||221|
|Other Expenses|2824.42||2824.42||2976|
|Business Expenses|2534.26||2534.26||1357|
|Renewals|0||0.00||0|
|Miscellenous|248.86||248.86||185|
|Bar Expenses|10563.04||10563.04||7717|
|Entertainment Expenses|5116.95||5116.95||3881|
|Advertising|398.74||398.74||348|
|Capital||||||
|Total|80857.62||80857.62||69995|
|4)
**Fixed Assets**
Cost
as at 1st July 2022
Additions
10)
**Depreciation**
As at 1st July 2022
Charge for year
At 1st July 2023|**Equipment Buildings**
£
45303.80
42480
13466.79
Capital
58770.59
42480
101250.59
34453.97
8496
14692.65
4248
49146.62
12744.00
61890.62
39359.9725|
|---|---|
## **The Marske Centre Limited**
## **Notes to the Accounts**
|5)
**Prepayments**
Prepayments
6)
**Creditors and Accruals**
Trade Creditors
Accruals|2023
£
0
2023
£
0
0
0|2022
£
0
2022
£
-43
0|
|---|---|---|
|||0|
## 7) **Trustee remuneration and expenses**
No remuneration or expenses were paid to trustees during this year or the previous year
## 8) **Analysis of net assets between funds**
|Net Current Assets|Unrestricted
Funds
£
140542.53
140542.53|Restricted
Funds
£
0|Total
£
140542.53|
|---|---|---|---|
||||140542.53|
## **The Marske Centre Limited**
**Notes to the Accounts**
## 9) **Movement In Funds**
|**Restricted Funds**
Parish council
Adjustment
**General Funds**|At 1st
Income
Expenditure
At 30th
Jul-22
Jun-23
£
£
£
£
0
0
0
0
187.29
132488.83
88724.03
80857.62
140355.24|
|---|---|
||132488.83
88724.03
80857.62
140542.53|
## 10) **Depreciation**
**Equipment** is depreciated over 4yrs **Buildings** (Ballroom Floor) is depreciated over 10yrs