TRUSTEES’ ANNUAL REPORT
(Accompanying Receipts and Payments Accounts)
Legal and Administrative Information
SECTION 1 Legal and Administrative Information Charity Name Seaham Town Park Charity Commission Number 520568 For the Year Ended 31[st] March 2023 Charity’s principal address Seaham Town Council Town Hall Stockton Road Seaham Co Durham SR7 0HP Governing Document Transfer document dated 1[st] October, 1993 Objects of the charity To hold the land/property in perpetuity as a recreational facility for the benefit of the townspeople of Seaham. Specific Investment powers There are no specific investment powers available to the trustees. Professional Advisers N/A
SECTION 2
Trustees and Governance
Sole Trustee Seaham Town Council
Names of the charity’s Custodian trustees Not Applicable.
SECTION 3 Activities and Achievements
Charity’s activities and achievements during the year.
The park continues to be well used by the community as the major open space in this area of Seaham.
Many sports groups use the park as their home ground including:-
Football Red Star Football Club plus 4 junior football teams Bowls Men’s and Ladies Bowls Clubs Cricket Teams of a variety of age groups
SECTION 4
Policies
Charity trustees should give in their report a description of the policies that they have adopted.
Reserves Policy The Trust has no reserves policy. Grant-making Policy The Trust has a policy of trying to access external grants/funding opportunity whenever practical. Any grants obtained will be utilised for the benefit of improvements to recreation facilities and on revenue costs associated therewith. Investments selection policy There is no such policy. The reason is because there is never likely to be any investments to utilise. Review of major risks Major problems with deteriorating buildings/infrastructure. Concerns about the future and possible demise of some of the user clubs. Expenditure rising rapidly to such high levels that the long term future of the recreational facilities and park cannot be sustained.
SECTION 5 Signature and Declaration Declaration I declare, in my capacity of charity trustee, that: The trustees have approved the report above; and Have authorised me to sign it on their behalf. Signature ……………………………………………………………………. Full Name ……………………………………………………………………. Position (Chair) ……………………………………………………………………. Dated ……………………………………
REF." CC64ICI
SEAHAM TOWN PARK
RECEIPTS AND PAYMENTS ACCOUNTS
CHARITY NAME - SEAHAM TOWN PARK Charity Commission Registered Number: 520568 For the Financial Year Ended: 31st March, 2023
Section A - Receipts and Payments
| A1-Receipts | Unrestricted Funds | Restricted Funds |
Endowment Funds |
|---|---|---|---|
| Sporting Activities Grant-Seaham Town Council |
10,098 60,000 |
- - |
- - |
| Sub Total(Gross Income for AR) | 70,098 | - | - |
| A2-Asset & Investment Sales | - | - | - |
| Sub Total | - | - | - |
| TOTAL RECEIPTS | 70,098 | - | - |
| A3-Payments | Unrestricted Funds |
Restricted Funds |
Endowment Funds |
| Wages Grounds Maintenance Turf,Top Dressing, Weedkiller CCTV Running Costs Elec/Gas//Water Business Rates Repairs/Maintenance-General Repairs/Maintenance-Play Equip Repairs/Maintenance-Floodlights Repairs/Maintenance-Paths Refunds-STC |
12,287 2,944 8,408 - 23,974 5,339 13,161 2,693 1,010 300 86 |
- - - - - - - - - - |
- - - - - - - - - - |
| 70,200.90 | - | - | |
| A4-Asset/Investment Purchases Playground |
- | - | - |
| Sub Total | - | - | - |
| TOTAL PAYMENTS | 70,201 | - | - |
| NET RECEIPTS/(PAYMENTS) | - 103 | - | - |
| A5-Transfers between funds | - | - | - |
| A6-Cash funds lastyear end | 1,610 | - | - |
| Cash funds thisyear end | 1,507 | - | - |
Section B-Statement of Assets/Liabilities at Year End
| Categories | Details | Unrestricted Funds |
|
|---|---|---|---|
| B1-Cash Funds | Bank balance at year end | 1,507 | |
| Total Cash Funds | 1,507 | ||
| (Agree balances with receipts and payments | accounts) | ||
| Categories | Details | Unrestricted Funds |
|
| B2-Other Monetary Assets | Not Applicable | ||
| Categories | Details | Fund to which Asset Belongs |
|
| B3-Investment Assets | Not Applicable | ||
| Categories | Details | Fund to which Asset Belongs |
|
| B4-Assets Retained for the Charity's Own Use |
Land Bowls Pavilion Football Stands Football Changing Rooms Cricket Score Box Red Star Building PlayEquipment |
Restricted Restricted Restricted Restricted Restricted Restricted Restricted |
|
| Categories | Details | Fund to which Liability Belongs |
|
| B5-Liabilities | Not Applicable |
| Total Funds | Last Year |
|---|---|
| 10,098 60,000 |
743 62,728 |
| 70,098 | 63,471 |
| - | - |
| - | - |
| 70,098 | 63,471 |
| Total Funds | Last Year |
|---|---|
| 12,287 2,944 8,408 - 23,974 5,339 13,161 2,693 1,010 300 86 |
14,619 3,750 4,079 - 15,662 5,318 13,956 305 1,335 7,294 - |
| 70,201 | 66,318 |
| - | - |
| - | - |
| 70,201 | 66,318 |
| - 103 | - 2,847 |
| - | - |
| 1,610 | - |
| 1,507 |
| Restricted Funds |
Total Funds |
|---|---|
| 1,507 | |
| - | 1,507 |
| Restricted Funds |
Endowment Funds |
|---|---|
| Cost(Optional) | Current Value (Optional) |
| Cost(Optional) | Current Value (Optional) |
| N/A N/A N/A N/A N/A N/A N/A |
N/A N/A N/A N/A N/A N/A N/A |
| Amount due (optional) |
When due (Optional) |
Charity Assets - Seaham Town Park
| 01/04/13 Add Disp Value 31/3/14 |
% |
Add Disp Yearly Dep Acc Dep 31/3/13 |
|---|---|---|
| Land 3 3 Bowls Pavilion 30,440 30,440 Football Stands 1 1 Football Changing Rooms 1 1 Cricket Score Box 1 1 Play Equipment 166,056 166,056 Red Star 160,000 160,000 |
N/A 10% N/A N/A N/A 10% 2.5% |
- - 27,415 3,025 - - - - - - 33,212 16,606 4,000 4,000 |
| Total 356,502 - - 356,502 |
64,627 - - 23,631 |
| Acc Dep 31/3/14 |
NBV 31/3/14 NBV 31/3/13 |
|---|---|
| - 30,440 - - - 49,818 8,000 |
3 3 3,025 - 1 1 1 1 1 1 132,844 116,238 156,000 152,000 |
| 88,258 | 291,875 268,244 |
Report to the Trustees of Seaham Town Park On the accounts for the year ended 31st March 2023 12th September 2023
- Respective responsibilities of trustees and examiners (under sth 43(2) of the CIArlUes 1993 (tho Art), aB anwThJod by 828 tt Is my reSpts* ts). Chath C(rn188ion (Ur aerkn 43(TXb) ofth• Ad, aa •rnndodX aTrJ
- Basis of independent examiner's statement by tho Charty C(rn1881on. An exthnath)n In(xlo6 a rwlow of the pro¥hl• au tha evldKo Ihat TAY) bo ¥pwlrI In an aj1¢ wrfl I
- Independent examlner's statement 3.1 kn tha ¢)JJrna d my no Imlw hm I conllrni that of Ihe A(X); 8nd +4 S*nt GOAIXIN FLEfcHER {C.M.IJA) Auditor for Seahwn Tiy•m Coundl