2024-03-31-accounts

TRUSTEES’ ANNUAL REPORT

(Accompanying Receipts and Payments Accounts)

SECTION 1 Legal and Administrative Information Charity Name Seaham Town Park Charity Commission Number 520568 For the Year Ended 31[st] March 2024 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.

Chair: Joe MacVeigh

Approved by the Trustees at their meeting on 8[th] October 2024

REF: CC64(C)

SEAHAM TOWN PARK

RECEIPTS AND PAYMENTS ACCOUNTS CHARITY NAME - SEAHAM TOWN PARK Charity Commission Registered Number: 520568 For the Financial Year Ended: 31st March, 2024

Section A - Receipts and Payments

A1-Receipts	Unrestricted Funds	Restricted Funds	Endowment **Funds **	Total Funds	Last Year
Sporting Activities Grant-Seaham Town Council VAT Due(lesspreviousyear)	10,665 76,500 393 -	- - -	- - -	10,665 76,500 393 -	10,098 60,000 -
Sub Total(Gross Income for AR)	86,772	-	-	86,772	70,098
A2-Asset & Investment Sales	-	-	-	-	-
Sub Total	-	-	-	-	-
TOTAL RECEIPTS	86,772	-	-	86,772	70,098
A3-Payments	Unrestricted Funds	Restricted Funds	Endowment **Funds **	Total Funds	Last Year
Wages Grounds Maintenance Turf,Top Dressing, Weedkiller Elec/Gas//Water Business Rates Repairs/Maintenance-General Repairs/Maintenance-Play Equip Repairs/Maintenance-Floodlights Repairs/Maintenance-Paths Unpresented payments	27,996 6,682 4,664 8,819 2,620 13,250 2,745 2,153 9,451 2,234 -	- - - - - - - - -	- - - - - - - - -	27,996 6,682 4,664 8,819 2,620 13,250 2,745 2,153 9,451 2,234 -	12,287 2,944 8,408 23,974 5,339 13,161 2,693 1,010 300 86
	76,144.94	-	-	76,145	70,201
A4-Asset/Investment Purchases Playground	-	-	-	-	-
Sub Total	-	-	-	-	-
TOTAL PAYMENTS	76,145	-	-	76,145	70,201
NET RECEIPTS/(PAYMENTS)	10,627	-	-	10,627	103 -
A5-Transfers between funds	-	-	-	-	-
A6-Cash funds lastyear end	1,507	-	-	1,507	-
Cash funds thisyear end	12,134	-	-	12,134

Section B-Statement of Assets/Liabilities at Year End

Categories	Details	Unrestricted Funds	Restricted Funds	Total Funds
B1-Cash Funds	Bank balance at year end	12,134		12,134
Total Cash Funds		12,134	-	12,134

(Agree balances with receipts and payments accounts)

Categories	Details	Unrestricted Funds	Restricted Funds	Endowment Funds
B2-Other Monetary Assets	Not Applicable
Categories	Details	Fund to which Asset Belongs	Cost (Optional)	Current Value (Optional)
B3-Investment Assets	Not Applicable
Categories	Details	Fund to which Asset Belongs	Cost (Optional)	Current Value (Optional)
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	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
Categories	Details	Fund to which Liability Belongs	Amount due (optional)	When due (Optional)
B5-Liabilities	Not Applicable

Report to the Trustees of Seaham Town Park On the accounts for the year ended 31st March 2024 23rd September 2024 kPPENDIX e

1. Respective responsibilities of trustees and examiners The charitvs truste8s consider that an audit is not required for this year (untjer section 43(2} of the Charities Act 1993 (the Act} as amend&l by s.28 of the Charities Act 2006) and that an independent examination is needed. 11 is my responsibilty to: examine the accounts (Ur￿er section 43 of the Act, as amended), to follow the procedures laid down in the General DireCti(￿S given by t Chafity Commission (under section 43(7)(b) of the Act, as ameniled), and to stat6 whether particular matter8 have come to my attenlion.
2. Basis of independent examiner's statement My examtnation was carried out in accordance with General Directions glven by the Chartty Commission. An exarnination includes a ravlew of the accounting records kept by the charty snd 8 comparfson of the acGount$ presented with thosè records. It also includes consideration of any Unu￿ rfems or disclosure3 In the a(￿Unts and seeking explanations from the tNstees Grtteming any such matters. The proCedU￿S undertaken do nol provide a51 the evidence that would be required in an audit, and corffjequently I do not eXp￿sS an audit opinion on the accounts.
3. Independent examiner's statement In the ts)urse of my exaMinat￿n. no matter has come to my attention and I confirm that: The trustees have met the requirements regarding: proper accounting racords being kept (in accordan￿ with seoion 41 of the Act); and accounts are beir¥J prepared whith agree wth tlte aox)unting records and comply with the accounting requirements of the Act. &gned Date: 23° September 2024 GORDON FLETCHER (C.M.I.I.A.) Audltor for Seaham Town Councll JPENDIX e