## **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**<br>**Funds**|<br>**Restricted**<br>**Funds**|<br>**Endowment**<br>**Funds **|<br> **Total Funds**|**Last Year**|
|---|---|---|---|---|---|
|Sporting Activities<br>Grant-Seaham Town Council<br>VAT Due(lesspreviousyear)|10,665<br>76,500<br>393<br>-|-<br>-<br>-|-<br>-<br>-|10,665<br>76,500<br>393<br>-|10,098<br>60,000<br>-|
|_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**<br>**Funds**|<br> <br>**Restricted**<br>**Funds**|<br>**Endowment**<br>**Funds **|<br> **Total Funds**|**Last Year**|
|Wages<br>Grounds Maintenance<br>Turf,Top Dressing, Weedkiller<br>Elec/Gas//Water<br>Business Rates<br>Repairs/Maintenance-General<br>Repairs/Maintenance-Play Equip<br>Repairs/Maintenance-Floodlights<br>Repairs/Maintenance-Paths<br>Unpresented payments|27,996<br>6,682<br>4,664<br>8,819<br>2,620<br>13,250<br>2,745<br>2,153<br>9,451<br>2,234<br>-|-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|27,996<br>6,682<br>4,664<br>8,819<br>2,620<br>13,250<br>2,745<br>2,153<br>9,451<br>2,234<br>-|12,287<br>2,944<br>8,408<br>23,974<br>5,339<br>13,161<br>2,693<br>1,010<br>300<br>86|
||_76,144.94_|_-_|_-_|_76,145_|_70,201_|
|**A4-Asset/Investment Purchases**<br>Playground|-|-|-|-|-|
|_Sub Total_|_-_|_-_|_-_|_-_|_-_|
|||||||
|**TOTAL PAYMENTS**|**76,145**|**-**|**-**|**76,145**|**70,201**|
|||||||
|**NET RECEIPTS/(PAYMENTS)**|**10,627**|**-**|**-**|**10,627**|**103**<br>**-**|
|||||||
|**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**<br>**Funds**|<br>**Restricted**<br>**Funds**|<br>**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**<br>**Funds**|<br>**Restricted**<br>**Funds**|<br>**Endowment**<br>**Funds**|
|---|---|---|---|---|
|**B2-Other Monetary Assets**|Not Applicable||||
||||||
|**Categories**|**Details**|**Fund to**<br>**which Asset**<br>**Belongs**|<br> <br>**Cost**<br>**(Optional)**|<br>**Current**<br>**Value**<br>**(Optional)**|
|**B3-Investment Assets**|Not Applicable||||
||||||
|**Categories**|**Details**|**Fund to**<br>**which Asset**<br>**Belongs**|<br> <br>**Cost**<br>**(Optional)**|<br>**Current**<br>**Value**<br>**(Optional)**|
|**B4-Assets Retained for the**<br>**Charity's Own Use**|Land<br>Bowls Pavilion<br>Football Stands<br>Football Changing Rooms<br>Cricket Score Box<br>Red Star Building<br>PlayEquipment|Restricted<br>Restricted<br>Restricted<br>Restricted<br>Restricted<br>Restricted<br>Restricted|N/A<br>N/A<br>N/A<br>N/A<br>N/A<br>N/A<br>N/A|N/A<br>N/A<br>N/A<br>N/A<br>N/A<br>N/A<br>N/A|
||||||
|**Categories**|**Details**|**Fund to**<br>**which**<br>**Liability**<br>**Belongs**|<br> <br> <br>**Amount due**<br>**(optional)**|<br>**When due**<br>**(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