GRESLEY OLD HALL COMMUNITY WELFARE CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REGISTERED CHARITY NUMBER 520436
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Contents Pa Legal and Administrative Detsils Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Accounts Sub Sections Accounts 9-11 Trustees Annual Report 12- 14
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE LEGAL AND ADMINISTRATIVE DETAILS AS AT 31 MARCH 2024 REGISTERED CHARITY NUMBER 520436 TRUSTEES MrRDHyde Mr M Winfield Mr C J Bailey Mr K Middlelon Mrs L Blackman ADDRESS Gresley Old Hall Church Gresley Swadlincole DE119QW INDEPENDENT EXAMINER J Wallage FCA CISWO (Trading) Limited The Old Reclory Rectory Drive Whiston ROTHERHAM S60 4JG BANKERS The Cooperative Bank PIC PO Box 101 1 Balloon Street Manchester M60 4EP
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRESLEY OLD HALL COMMUNITY WELFARE CENTRE I report to the Trustees on my examination of the accounts of the above named charity (registered no. 520436) for the year ended 31 March 2024 which are sel out on pages 3 to 8. Res onsibilities and basis of re ort As the charity trustee5 you are responsible for the preparation of the accounts in accordance Mth the requirements of the Charities Act 2011 {the Act). I POrt in respect of my examination ofthe Trustees, accounts carried out under section 145 ofthe 2011 Act and in carrying oul my examination I have followed all Ihe applicable directions given by the Charity Commission under seGtion 145(51{b) of the 2011 Act. Inde èndent Examinor's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: (1) a¢counling records were not kept in respect of the Charity as required by section 130 of the Act., or 12) the accounts do not accord with those records., or (3) the accounts do not comply with the applicable accounting requirements concerning the form and content of accounts set out in the Charities {A¢¢ounls 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 not identified any 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. J Wallage FCA On behalf of CISWO (Trading) Ltd The Old Rectory Rectory Drive Whiston Rolherham S60 4JG Date
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted Designated Funds Funds Funds Total 2024 Total 2023 NOTE Income and Endowments Activities for generating funds Activities for Charity's objects Occupational licence Sections income Grants, donations and sponsorship 39,383 95,447 2,000 39,383 95,447 2,000 15,563 7,197 51,378 61,693 4,000 6,420 11,145 15,563 7,197 Total Income 144,027 15,563 159.590 134,636 enditure Direct charitable expendltura Rent, rates and water Insurance Repairs and maintenance Cleaning Telephone and internet Light and heat Wages Depreciation Subscriptions Project expenses Entertainment and licences Sundries Sections withdrawal of funds Sections expenditure Irrecoverable VAT 2,926 12,042 23,583 1,700 2,079 29,609 35,857 11,302 1,300 5,971 374 582 2,926 12,042 23,583 1,700 2,079 29,609 35,857 18,577 1,300 5,971 374 582 4,149 11,658 12,174 4,116 1,710 23,702 40,206 19,015 961 7,275 1,060 11,400 7,562 2,609 14,641 14,641 127,325 7,275 14,641 149,241 140,322 Governance Costs Accountancy Professional feeslHR Sofvare Bank and card charges 4,233 2,312 775 1,645 4,233 2,312 775 1,645 5,031 2,055 329 Total Expenditure 136,290 7,275 14,641 158,206 147,737 Net movement in funds 7,737 (7,275) 922 1,384 (13,101> Fund balances brought forward 323,537 255,646 12,514 591.697 604,798 Fund balances carrled forward 331,274 248,371 13.436 593,081 591,697
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE BALANCE SHEET AS AT 31 MARCH 2024 Notes 2024 2023 FIXED ASSETS Tangible assets Investments 520,334 538,911 520,335 538,912 CURRENT ASSETS Debtors and prepayments Cash at bank and in hand Sections 75,812 22,259 13.436 60,434 29,415 12.514 111,507 LESS." CURRENT LIABILITIES Creditors and accruals 102,363 138,761) {49.578) NET CURRENT ASSETS 72,746 52,785 TOTAL NET ASSETS 593,081 591,697 Represented by.. FUNDS Unrestricted funds Restricted funds Designated funds 331.274 248,371 13,436 323,537 255.646 12.514 593,081 591,697 Approved by the Trustees and signed on their behalf by: Signed - Trustee Print Name - Trustee Date
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES {a) Basis of re aration and assessment of oin concern The financial statements are prepared under the historical cost convention unless otherwise stated in the relevant notes to these accounts. The financi21 statements have been prepared in accordance with the Staternent of Recommended Practi.. Accounting and Reporting by Charities {FRS 102) and the Financial Reporting Standard (FRS 102) and the Charities Act 2011. The trustees consider that there are no material uncertainties about the trust's ability to continue as a going concern. The trustees have a reasonable expectation that the trust has adequate reserves to continue in operational existence for the foreseeable future. Accordingly, the trustees continue to adopt the going concern basis in the preparation of the charity's accounts. Ib) Income reco nition Income is recognised once the Charity has entitlement to Ihe income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are recognised when they are received. enditure reco nition 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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. reciation Tangible fixed assets are shown at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life at the following annual rates. Freehold propety- 20/0 on straight line basis Fixtures and fittings 15Qh on reducing balance basis 2024 2023 ACTIVITIES FOR GENERATING FUNDS GroundlRoom Hire Bingo Sundry 38,716 667 45,117 5,374 887 39,383 51,378
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 ACTIVITIES FOR CHARITY'S OBJECTS Bowls fees - Members Memberships - Bowls and Social Project and Other Income 54,559 13,401 27,487 51,907 9,786 95,447 61,693 Land & Buildings Fixtures & Fittings Total TANGIBLE FIXED ASSETS Cost Brought forward as at 1 April 2023 Additions in year Carried forward as at 31 March 2024 801,873 263.457 1.065,330 801,873 263,457 1,065,330 De reciation Brought forward as at 1 April 2023 Charge for the year Carried forward as at 31 March 2024 279.346 16,038 247,073 2,539 526,419 18,577 295,384 249,612 544,996 Net Book Value At 31 March 2024 506,489 13,845 520,334 At 31 March 2023 522,527 16,384 538,911 The land upon which the hall is built is held under a lease with the freeholder being the Coal Industry Social Welfare Organisation which expires in 2123. Should the charity ever be forced into insolvency it is unlikely that any value would be ascribed to the leasehold interest as the lease contains no power of assignment. 2024 2023 DEBTORS AND PREPAYMENTS Accrued income Trade debtors Prepayments VAT Interfund Balance with Church Gresley (Old Hall) Bar Services Ltd 6,050 600 868 8,150 1,935 2,534 63,193 52,916 75.812 60,434
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE NOTES TO THE ACCOUNTS CONTINUED YEAR ENDED 31 MARCH 2024 2024 2023 CASH AT BANKAND IN HAND Bank - Current account Project account 10,478 11,781 28,399 1,016 22,259 29,415 Balance BIF Balance CIF SUB SECTIONS Income Expenses Indoor bowling Whippet racing club section Mercia Archers 9.169 451 2,894 3,675 (6,304) 6,540 451 6,445 11,888 (8,337) (14.641) 12,514 15,563 13,436 2024 2023 CREDITORS FALLING DUE WITHIN ONE YEAR Trade Creditors PAYEINI VAT Accruals and deferred income Balance due to CISWO 9,102 14,210 757 379 11,248 22.984 6,675 22,984 38,761 49.578
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE NOTES TO THE ACCOUNTS CONTINUED YEAR ENDED 31 MARCH 2024 CHURCH GRESLEY OLD HALL BAR SERVICES LTD Church Gresley (Old Hall) Bar Services Ltd is a private limited company with a called up share capitsl of £1 owned by Gresley Old Hall Community Welfare Centre and whose directors are individual trustees of the charity. The company transfers any taxable profits at the end of each financial year to the charity under a gift aid agreement. The company also pays an annual occupational licence to the charity to allow it to run its business from the charity's premises. 10. TRUSTEES. REMUNERATION No trustees received any remuneration or reimbursement of expenses in the year (2023: Nil).
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE CHURCH GRESLEY INDOOR BOWLING SECTION YEAR ENDED 31 MARCH 2024 2024 2023 INCOME Club competitions Slocklslalionery Travel Winter league fees Summer league fe&s Donalion Table sales Lottery. raffles, tombola les5 winners Bonus ball less winners Summer 142 Sundry Income Cashlbank difference 406 512 278 449 618 1,076 1,076 308 778 313 416 550 469 142 45 1,436 94 3,675 5,291 EXPENDITURE Club competitions National and County fees Stocklstationery Travel Winter league prizes Summer league prizes Repairs Honoraria Website New heater {50% share) Other 264 800 1,048 786 465 180 733 795 786 480 140 420 270 74 225 98 2,340 98 44 (6,3041 {3,7501 Deflclt I surplus for the year 12,829) 1,541 Cash and bank balances brought forward 9,169 7,828 Cash and bank balances carried fofward 6.540 9,169
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE OLD HALL WHIPPET CLUB YEAR ENDED 31 MARCH 2024 2024 2023 INCOME Memberships Canteen Other income EXPENDITURE Section fee Insurance Canteen Adjustment to balance blf Other expenses (Deflclt) for the year Cash and bank balances brought foNard 451 451 Cash and bank balances carried foNard 451 451 No accounts have been provided for the year. 10
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE MERCIA ARCHERS YEAR ENDED 31 MARCH 2024 2024 2023 INCOME Opening balance All income 11,171 3,435 11,171 3,435 EXPENDITURE All expenditure 8,337 2,g46 (8,337) (2,946) Surplus for the year 2,834 489 Cash and bank balances brought forward 2,894 2,405 Opening balance difference 717 Cash and bank balances carried forward 6,445 2,894 11
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees psent their report along with the financial statements of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in Note 110 the accounts which can be found on page 5 and comply wtlh the charity's trust deed, applicable law and the Charities SORP FRS 102. Constitution and Objects The charity is constiluled by a Scheme dated 10 March 2006 and was registered on 12 April 1965 under the number 520436. Its objectives are lo provide a community Gentre and youlh centre and facilities for recreation and leisure time activities for the benefit of the inhabitants of the local area, particularty (but not exclusively) those who are members ofthe mining community. The trustees have referred to the guidance given by the Charity Commission on publlc benefit when reviewing the charity's aims and objectives and details of the activities that have taken place during the year can be found later in this report. Organlsatlonal Structure The trustees who served the charity during the year are shown on page 1. The charity is responsible for maintaining the premises and its contents and grounds in a suitable state of repair for use by those who live in the surrounding area. It raises income through various charitable activities, the main one being the hiring out of ils facilities lo the general public, and normally some of ils income comes from its connected trading company, Church Gresley (Old Hall) Bar Services Ltd, which pays an annual occupational licence fee in order to run its business from the charity's premises. In addition lo this, the company also transfers any profits it makes to the charity under a gift aid agreement so the trustees work closely with the company's directors to try and ensure the company is profitable, thus ensuring extra income for the charity. Trustee vacancies are advertised and interested parties are asked to apply in writing. Interviews will be held and suilable candidates ar8 then notified to their nominaling body being either CISWO, trade union or members. The trustee board is made up of equal numbers of each nominating body. Flnancial Review The charity showed a nel surplus of £7,737 from the day to day runnlng ofthe Centre, compared to a net surplus in the previous year of £7,631. Depreciation charges remain high as capital grants from some years ago are slowly written off but the Trustees know that these charges are unavoidable and that this will be the case for years to ¢ome. The various sub-sections at the Centre showed a combined surplus of £922. All of this resulted in an overall surplus of £1,384 for the year as opposed to a deficit of £13,101 in the previous year and the twstees are pleased with this improvement. Continued. 12
GRESLEY OLD HALL COMMUNITYWELFARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED Review of Activities The centre continues to be used for various activities with the main income generation from indoor bowls and also from pitch hire and room hire. Investment Policy There is no specific investment policy in place as such but the trustees have taken the sensible approach and placed the bulk of the charity's liquid assets in interest bearing bank accounts. Reserves Policy It is the policy of the trustees to maintain unrestricted funds which are the free reserves of the charity at a level to provide sufficient cover anticipated administration and support costs for a period of e1ve months. Any additional reserves are held to provide a capital fund for repairs that will be required for the upkeep of the premises. Risk Managemant The trustees are aware of the operational and financial risks which the charity faces and regularly reviews those risks to mitigate against any impact they may have on the charity. The major risks facing the charity are the continued success of the social club from which it derives its main funding. the support of individuals and the community in using the facilities and the introduction of the younger generation to provide for the future. The trustees work closely with directors, committee and members to address these risks. The Trustees a carefully managing the charity's finances and are satisfied that it will be able to continue to meet its obligations for the foreseeable future. Continued... 13
GRESLEY OLD HALL COMMUNITY WELFARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED ststement of Trustees. Responsibilities Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of Ihe incoming resources and application of resources of the charity for that period. In preparing those financial statements, the trustees are required to.. select suitable accounting policies and then apply them consislenlly; observe the rnethods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudenl., state whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements., prepare Ihe financial slatemenls on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees a also responsible for keeping proper a¢¢ounling records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevents'on of fraud and other irregularities. Signed - Trustee Print Name- Trustee Date 14