REGISTERED COMPANY NUMBER: 01769840 (England and Wales) REGISTERED CHARITY NUMBEIL. 514717 Report of the Trtee$ and Unaudited FinaDcial Statements for the Year Ended 31 March 2025 ror Newburn Rfverslde Reereation Aseltion Lamited Thornton Accountancy Ltd 87 Station Road Ashington NOUmberland NE63 8RS
Newburn Riverside Recreatfion Association Limited Contents of the Financial Ststements for tbe Year Ended 31 March 2025 Page Report of th¢ Truste49 I to 4 Independent Examiner's Report Statement of Financial A¢tivities Balance Sbeet 7 to 8 Notes to the Flnanelal Statements 9 to 17 Detailed Statsment of Financial Aetivities 18 to 19
Newburn River8ide Recreation Association Limited Report of the Trustees for the Year Ended 31 Mareh 2025 The trnstees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. Th¢ trustees have adopted the provisions of Accounting and Reporting by Chariti¢s: Ststement of Recommended Practice applicable to charities preparing their ounts in accordance with th¢ Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland ffRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES The charity exists for th¢ benefit of the public through the provision of its services to any member of the public, and the trustees have consid¢r¢d the Charity Commission's guidance on public benefit. The Charitys purpose as set out in the objects contained in th¢ company's Articles of Association is to: promote the benefit of the inhabitants of T¢ and Wear and the Neighbourhood (hereinafter called the "area of benefit" by the provision of the facilities in the interests of social welfar¢ for r¢cr¢ation and other leisure time occupation with the object of improving the life for the beneficiaries; and provide improvement and maintenance of the OundS and buildings at Newburn Leisu Centre for the purpose of recreation and other leisure time occupation with the object of improving the conditions of life for the benefi¢iaries. Newburn Leisure Centre hfts developed a wide range of activities to meet these objectives based upon the followin8 facilities availabl¢ to the public: * Indoor sports hall * Fithess facilities * Sensory room * Indoor climbing wall * Outdoor sports field * Outdoor 5-a-side courts • Water based activities on adjacent River Tyne * Outdoor activities in adjant Newburn Countyside Park Newburn Leisure Centre Ixcame independent from an integrnted venture with Newcastle City Council on l April 2015. The organisational structure. management and operations are well established and the rxntre is operating at a similar level prior to the Changeover. The aim of the charity is to be self-fmancing and promote the long tsrn) security of the centre. The trustees have paid du¢ regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ACHIEVEMENTS AND PERFORMANCE Budgets The income for 2024125 was mainly derived from wts, and rental income from its subsidiary. The 2024125 budget is based on 2023124 prefOrnL¢e including a £125.000 d¢pr¢Giation charge with res to leasehold amortisation. Targets The primary target was to foresee andlor address the continuing implications of Newcastle City Council wt withth?wal and position the Centre fmances and operation structure for the immediate. medium and long tsrni future. Page I
Newburn Riverside Recreation As$oeiallon Limited Report of the Trustees for the Year EDded 31 Mareh 2025 ACvEMENTs AND PERFORMANCE Activities There is a wide range of activities related to the facilities available. Accurate records of Ur$ are kept as part of the review of ongoing operations. The future perfonnance of the group will be influenced by the consolidation of core activities. Delivery of services operates via the wholy owned subsidiary company. Future developments Initial proposals for a range of future facility developments at the Centre remain in place and the wup continues to seek for capitsl dev¢lopm¢nL equipment and revenue activities. NANC REvw Financial position During the year ended 3 1st March 2025 the net assets of Newburn Riverside Recreational Association decreased by £81.501 (2024: £97,944). Total fvnds at the year4nd were £1.313.980 (2024: £1.395,481) The trading asrt that is the a¢tivities undertaken at the Centre, remains broadly constant although there are a number of different "one events that occur each year. The number and variety of activities is extensive and usagelincome fluctuates year on y¢ar belween the activities. The Centre is run by the charitys trading subsidiary, Newburn Sports Services Limited. Inve8tment policy and objectlves The trustees consider the most appropriate policy of investing funds at the current time Is to retsin an increasing level of funds on deposit. Reserves policy The trustees believe it is prudent to maintsin unrestricted funds at a level, which equates to approximately 6 months unrestricted expenditure being £75.000. At the year end these totalled £1,313,980 (2024: £1.395.481) STRUCTURE, GOVERNANCE AND MANAGEME Governing document Newburn Riverside Recreation Association Limited is a company limited by Buarantee. and a registsred charity in England governed by its memorandum and articles of association dated 5th July 2011. Charity number 514717. Company number 01769840. The company has no shaTe capital. Recruitment and appointment of trustees The Board of Trustees shall consist of not less than 3 and is not subject to a maximum. Trustees are appointed at during the year to fill a vacancy. Page 2
Newburn Riverside Reereation Associadon Limited Report of the Trustees for the Year Ended 31 Mar¢h 2025 STRucfuRE, GOVERNANCE AND MANAGEMENr Organisation Th¢ Board of Trustees meet on a monthly basis to administer the charity and to review strate&v and future operation rquir¢m¢nts. The charity comprises of the provision of a recreation ¢entr¢ for all ages within Tyne & Wear through its subsidiary Newburn Sports Services Limited. The subsidiary company operates th¢ sports centre. Newburn Leisure Centre is On 7 days a week (excluding public holidays and a Christsnas closure period). The day to day management of the Centre, site activities, staff, facility resources and operational aspects is the responsibility of the management staff comprising the Centre Mana8er and Duty Managers. The Centre management staff report to and consult the Company Secretary on discretionary spending etc. and issues arising at the Centre that require exe¢utivelauthority. The Centre Manager and Company Secretary meet on a regular basis b¢tw¢en the monthly manasyment meetings. InductloD and trnlnlng of new tni$tees New Trustees receive copies of all r¢l¢vant documentation, which are explained by the chair. This will include the constitution. organisation management inforniation relating to their rol¢, the scope and responsibility of the Board and the system of delegated authority and inforniation about the cycle of meetings. Opportunities for meeting staff are also arranged. PAY policy for key management personnel The trustees constder key management comprise the charity's trustees who are in charge of directing and controllin running and opernting the charity on a day to day basis. Details of trustee's remuneration and expenses are disclosed in the notes to the accounts. The pay of the trustees is reviewed annually. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 01769840 (England and Wales) ReEl8tsred Charity number 514717 Registsred office Newbum Leisure Centre Grange Road, Newburn Newcastle Upon Tyne Tyne &Wear NE15 8ND Trustees W Shaw Quantity Surveyor J F Lambert Quantity Surveyor M Hogarth Postal Worker M H Townson Retired Engineer L A All¢n (appointed 231712024) Page 3
Newburn Riverside Recreation knociation Iimited Report of the Trustees for the Yepdr Ended 31 March 2025 Company Secretary J F LAmbert IndepeDdeDt Examiner Thornton Accountancy Ltd 87 Station Road Ashington Northumberland NE63 8RS Approved by orth of the board of trustees on 25 November 2025 and on its Ixhalf by. WShaw-Tn Pag¢ 4
Independent Examiner's Report to the Trustees of Newburn Riverside Recreation Asso¢iatiOD lamited Independent examlner's report to the trustees of Newburn Riverside Reerealion Association lamlted ('the . Company,) I report to the charity trustees on my eLqmination of the accounts of the Company for the year ended 31 March 2025. RespoDslbilitie8 and basis of report As the charitys In¢S of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the accounts of the Company are not requird to be audited under Part 16 of the 2006 Act and are eligible for independent examinatio J report in respect of my examination of your charitys accounts as carried out under Section 145 of the Charities Act 2011 Cthe 2011 Acff). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145{5) (b) of the 201 I AGL IDdepeDdent euminerfs statement I have complthl my elminatiOn. I confinn that no matters have come to my attention in connection with the eKqmination giving me Cause to believe: accounting records were not kept in respect of the Company as required by Stion 386 of the 2006 ACL. or the accoutkts do not accord with those records" or the accounts do not comply with the accounting requirements of Section 396 of the 2(H)6 Act other than any . requirement that the accounts give a true and fair view which is not a matter considered as part of an independent eLqmination: or th¢ acwunts have not been prepar&1 in accordance with the methods and principles of the Statement of Recommended Prnctice for accounting and reporting by charities (applicable to Charities preparing their accounts An accordance with the Financial Rq)orting Standard applicable An the UK and Republic of Jreland (FRS 102)). I have no concerns and have come across no other matters in wnnection with the exaMinOn to which attention should be drawn in this report An order to enable a proper understanding of the accounts to be reached. Craig Thornton Thornton Accountsncy Ltd 87 Station Road Ashington Northumberland NE63 8RS 25 November 2025 Page 5
NewburD Riverside Recreation AoCIatiOn IAmited Ststement of fiLqnelal Aeknities for the Year Ended 31 Mareb 2025 2025 Unrestrleted funds 2024 Totsl fund8 Notes Donations and legacies 149.933 16.690 Other trading activities Investment income 31,659 4.562 31.659 2.983 Totst 186.154 51,332 EXPENDITURE ON Raising funds 261070 143.173 Other 5.585 6.103 Total 267.655 l49276 NET INCOMEI(EXPENDITURE) {8l.501) (97.944) RECONCILL4TION OF FIINDS Total funds brought forward IJ95.481 1.493.425 lJ13,980 1,395.481 The notes forni part of these financial statements Page 6
Newburn Riverside ReereAtion AsaoclAtlon Limited Balance SIet 31 Mar¢h 2025 2025 Unrestrieted funds 2024 Total funds Notes FIXED ASSETS Tangible assets Investments 861285 990,713 861,287 990,715 CURRENT ASSETS Debtors Cash at bank 10 416,544 155,927 402,571 163,092 572.471 565.663 CREDrroRS Amounts falling due within one year (11.294) (27.346) NET CIJRRENf ASSETS 561,177 538,317 TOTAL ASSETS LESS CURRENr 1.422.464 1.529.032 CREDrroRS Amounts falling due after more than one year 12 (108.484) (133,55 l) IYET ASSETS lJ13.980 lJ95.481 14 Unrestricted funds 1.313.980 1,395,481 TOTAL FUNDS 1,313,980 1,395,481 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year end¢d 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 21x16. The notes forni part of these financial statements P7 continued...
Newburn Rfvernlde ReereAtlon Assoclatlon Limited Balance Sheet- eODtinued 31 Mareh 2025 The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preEMring fmancial ststements which give a true and fair view of the stste of affairs of the ¢haritsble company as at th¢ end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statementy so far as applicable to the charitable company. Thes¢ fmancial ststements have been prepared in accordance with the provisions applicable to cbaritsble companies subject to the small companies regime. The financial ststements were approved by the Board of Trustees and authorised for issue on 25 November 2025 and were signed on its behalf by: J F Lambert - Trustee W Shaw - Trustee The notes forni part of these financial statements Page 8
Newburn Rlverslde RecreatioD AssoeiatiOD Limlted Notes to the Fillaneial Statements for tbe Year Ended 31 Mar¢h 2025 AccOU]NG POLICIES Basls of preparlng the financial statements The fmanGial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of ReMmended 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 l January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and th¢ Companies Act 2006. The financial statements have been prepared under the historical cost Conventio with the ¢x¢eption of investments which are included at market value. Income All income is recognised in the Statement of Financial Activities on¢e the charity has entitlement to the funds. it is probabl¢ that the income will be received and the amount can be measured reliably. Donatlons and legacies Income from donations and grants that provide core funding or are of a general natur¢ a rewis¢d where . there is entitlemenl certainty of receipt and the arnounts can be measured with sufficient reliability. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or Constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will required in settl¢ment and the amount of the obligation can be measUd reliably. Expenditure is accountsd for on an accruals basis and has been classified under headings that aggr¢gat¢ all Cost related to the category. Where Costs cannot be directly attributsd to particular headings they have been allocated to activities on a basis consistent with the use of resources. Covernance costs Include those costs associated with meeting the constitutional and statutory requirements of the wup and include accountancy fees and Costs linked to the strategic management of the up. Tanglble red &88ets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Long leasehold Plant and machinery Fixtures and fittings 25-50 years straight line 200/0 on reducing balance per annum 15 % on reducing balance per annum Individual assets costing £50 or more are capitslised at cost. The gain or loss arising on the disposal of an asset is deterniined as the difference between the sale proceeds and th¢ Carrying valu¢ of the ass¢L and is reCOlSed in net incomel(expenditure) for the year. Subwuent costs, including replacement part¥ are capitslised only when it is probable that such costs will generate future economic Ixnefits. Any replaced parts or remaining canying amounts are then derecognised. All other costs of repairs and maintenance ar¢ charges to the Statement of Financial Activities. Page 9 ontinued...
Newburn Riverside Recreation AsgociatioD Limited Notes to the Financial Statements - continued for the Yr Ended 31 March 2025 ACCOUNTING POLICIES- continued Taxation The charity is exempt from corporation tax on its charitsble activities. Fund accounting Unrestricted funds can b¢ used in accordance with the charitable objectives at the disGr¢tion of the trustees unless the funds have been designated for other purposes. Restricted funds can only be used for particular restricted purposes within the objects of the chaTity. Restrictions arise when SPlfied by the donor or when funds are raised for particular restricted purposes. Further explanation of the natyre and purpose of each fund is included in the notes to the fllwicial statemts. DONATIONS AND LEGACIES Donations and lega¢i¢s Unr¢stri¢ted Funds Totsl 2024 Totsl 2023 Grant release NCC Covid-19 grant 14.900 14.900 14,900 3.778 14,900 14,900 18,678 OTHER TRADING ACTIVITIES 2025 2024 Operation of Sports Centre 31.659 31.659 Page 10 continued...
Newburn Riverside Recreation Association Limited Notes to the Flnanelal Statements - contlnued for the Year Ended 31 Mareb 2025 2025 2024 Lkposit a¢¢ount interest 4.562 2,983 ET INCOMEIIEXPENDTfuRE) Net incomel{expenditure) is stated after chargin{¢41ting). 2025 2024 Depreciation - owned assets Surplus on disposal of fixed assets 129,990 (125) 130,957 . TRUSTEES, REMUNERATION AIYD BENEFrrs There were no trustees, Temunerntion or other benefits for the year ended 31 March 2025 nor for the year ended 31 Mah 2024. TnL8tee8' expenses There were no trustees, expenses paid for the year ended 31 Mar¢h 2025 nor for the. year ended , 31 March 2024. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVTTIES urtrACted funds INCOME AND ENDOWMEiYfs FROM Donations and legleS 16.690 Other trading activities Investment income 31.659 1983 Total 51,332 EXPENDITURE OIY Raising funds 143,173 6.103 Totsl 149.276 Pag¢ 11 continued...
Newburn Riv¢rgide Recreation Asgociation Limited Iyotes to the Finydncial Statements- eontinued for the Year Ended 31 Mareh 2025 COMPAIL4TIVES FOR THE STATEMEIYT OF FINANCIAL ACTIvrrIES. contlnued Unrestrlcted fund8 NET llYCOMEI(EXPENDTfuRE) (97,944) RECONCILIATION OF FUNDS Total funds brought forward 1.493.425 TOTAL FUNDS CARRIED FORWARD lJ95,481 TANGIBLE FIXED ASSETS Flxtures and rittlDg8 Long leasehold Plont and machinery Totab COST At l April 2024 Additions 3,626.209 320.300 562 61.270 4,007,779 562 At 3 l March 2025 3,626,209 320,862 61,270 4,008,341 DEPRECL4TION At l April 2024 Charge for year 2,666.72 I 125,114 300,372 3,845 49,973 1.031 3,017,066 129,990 At 3 l March 2025 2.791,835 304,217 51.004 3,147,056 NET BOOK VALUE At 31 March 2025 834,374 16.645 10.266 861.285 At 3 l March 2024 959,488 19,928 11.297 990.713 Page 12 continued...
Newburn Riverside Recreation Assoelatlon Limited Notes to the Financial Statements - eontinued for the Year Ended 31 March 2025 FIXED ASSET INVESTMENtS Shares In . group undertakings Cost or valuation As at l April 2022 & 31 March 2023 Carrying amount As at 31 March 2022 As at 3 l March 2021 The charity has a wholly owned subsidiary* Newburn Sports Services Limited. a company incorporated and registered in England and Wales (company number 02684100). Its registered office is Newburn L¢isure Centre. Grange Roa(L Newb Newwtle upon Tyne. NE15 8BD. The company operdtes the sports centre Newburn Leisure Centre on behalf of the charity and pays it some of its profits to the Gharity by aid. Newburn Sports Services Limited is exempt from audit by virtue of s479A of the Charities Act 2006. 10. DEBTORS: AMOUNTS FALLING DUE WTfHll¥ ONE YEAR 2025 2024 Amounts owed by group undertakings Other d¢btor$ PpaYments 410,829 5.542 173 400,727 I,671 173 416,544 402,571 Page 13
Newburn Riverside Recreation ASRation Notes to the FIn¢la1 Statements- continued for the Year Ended 31 March 2025 11. 2025 2024 Bank loans and overdrafts (see note 13) Trade creditors Other creditors AccnlS and d¢f¢rred income ACcnd expenses 8.920 287 921 8,920 5.587 921 10.752 1.166 1.166 11294 27.346 12. 2025 Bank loans (see note 13) Grant reserve 4,154 104.330 14,321 119230 108,484 133,551 13. LOANS An analysis of the maturity of loans is given below: 2025 2024 Amounts falling due within on¢ year on d¢mand: Bank loans 8,920 8.920 Amounts falling due b¢twe¢n two and five years: Bank loans - 2-5 years 4.154 14J21 Page 14 continued...
Newbllrn Rfvergide Re¢realioD Association Notes to the Financial StstemeDts- ¢ontiDued for the Year Ended 31 Mareb 2025 14. MOVEMENf IN FUNDS Net movement in funds At 31rJ125 At 114n4 Unrestricted funds Unrestricted fund 1.395.481 (81,501) lJ13,980 TOTAL FUNDS lJ95.481 (81,501) lJ13.980 . Net movement in funds included in the above are as follows: Incoming Re80urees Movement expended in fund8 Unrestrieted funds Unrestricted fund 186.154 (267.655) (81.501) TOTAL FUNDS 186.154 (267.655) (81,501) Comparatlves for movement In fllnds Net movement in fwids At At U4n3 Unrestricted funds Unrestricted fund .493.425 (97.944) lJ95,481 TOTAL FUNDS 1.493,425 (97.944) 1,395,481 Page 15
Newbuni River8ide Recreation Association Limited Notes to the Flnanelal Ststements - continued for the Year Ended 31 Mareh 2025 I& MOVEMENT IN FUNDS- continued Comparative net movement in fimd4 included in th¢ above are as follows: IDcomlDg Re8ource8 Movement expended In fuDd8 Unrestrieted funds Unrestricted fund 51,332 (149,276) (97.944) TOTAL FUNDS 51,332 (149,276) (97,944) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 3113r25 At 114n3 Unre8trieted funds Unrestricted fund 1.493,425 (179,445) 1.313.980 TOTAL FUNDS 1.493.425 (179,445) 1313.980 A current year 12 months and prior year 12 months combined net movement in fund& included in the above are as follows: Incoming Resourees Movement expended In fllnds Unrestricted funds Unrestricted fund 237.486 (416,931) (179,445) TOTAL FUNDS 237,486 (416.931) (179,445) Page 16 continued...
NeTrvburn Riverside RecreatioD Association Limited Notes to the Financial Statements - Continued for the Year Ended 31 Mareh 2025 15. RELATED PARTY DISCLOSURES Included within debtors is an amount of £400.727 (2023: £379.593) owed by Newburn Sports Services Limite a subsidiary of Newburn Riverside Recreation Limited. Rent of £31,659 (2023: £31.659) was paid to Newburn Riverside Recreation Association Limited during th¢ year. Pag¢ 17
Newburn Riverside RecreatloD A8sociatlon Llmited Delailed Statement of Financial Activities for the Year Ended 31 March 2025 2025 2024 llYCOME AND ENDOWMENTS Donadon8 and legaeies Donations and gifts Gift aid Grants 674 800 148,459 16,690 149,933 16.690 Other tradlng aetlvlties Operation of Sports Centre 31,659 31,659 Investment income D¢poglt account interest 4.562 2.983 Total in¢oming resources 186,154 51,332 Other tradiDg activities Operation of the sports centre 32 25 Support costs Flnance Bank charges 110 124 IDformation technology LL)ss on sale of tangible fixed assets (125) Other PmiseS costs Freehold propety Plant and machinery Fixtures and fittings 135,066 125.114 3,845 1.031 14.883 125.114 4.630 1.213 265.056 145.840 This page does not fonn part of the stathtory financial statements Page 18
Newburn Riverslde Recreatlon Assoeladon Limited Detailed Statement of Financial Activities for the Year Ended 31 MAreh 2025 2025 2024 Other Governance eosts Accountancy fees Legal fees Bank loan interest 2.100 2.000 490 797 482 1582 3287 Total resources expended 267.655 149,276 Net e4Kndlture (81.501) (97,944) This page does not fonn part of the statutory finan¢ial stat¢rnts Page 19