## **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 1. Respective responsibilities of trustees and examiners (under sth 43(2) of the CIArlUes 1993 (tho Art), aB anwThJod by 828 tt Is my reSp￿ts* ts). Chath C(rn188ion (Ur￿ aerkn 43(TXb) ofth• Ad, aa •rnndodX aTrJ 2. Basis of independent examiner's statement by tho Charty C(rn1881on. An exthnath)n In(*xlo6 a rwlow of the pro¥hl• au tha evld*Ko Ihat TAY)￿ bo ¥pwlr￿I In an a￿j1¢ wrfl I 3. 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