EASINGTON SOCIAL WELFARE CENTRE REGISTERED CHARITY NO: 520774 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
EASINGTON SOCIAL WELFARE CENTRE ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 INDEX CONTENTS PAGE Legal and Admininslrative Details Trustees, Report Independent Examiners Report Stalernent of Financial Activities Balance Sheet Notes to the FinanGial Statements Section Accounts 10-12
EASINGTON SOCIAL WELFARE CENTRE CHARITY REGISTRATION NO.. 520774 LEGAL AND ADMINISTRATIVE DETAILS TRUSTEES: L Clarkson D Dobell S W Fergus S Fergus D S Garside G Robinson M Vickers L Dodds (Appointed 18109120231 W Smith (Appointed 02107120241 SCHEME ADDRESS: Seaside Lane South Easington Colliery County Durham SR8 3PL BANKERS: Barclays INDEPENDENT EXAMINER: J Wallage FCA CISWO {Tradingl Limitèd Thè Old Rectory Rectory Drive Whiston Rothetham S60 4JG
EASINGTON SOCIAL WELFARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present 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 1 to the accounts which can be found on page 7. Constitution and Objects The charity is constituted by a Conveyance dated 25th November 1955 and a trust deed dated 24th February 1965, and is registered under the number 520774. The purpose of the charity is the provision of a social wèlfare centre for the benefit of the inhabilants (and in particular, but not exclusively, such of the said inhabitants as are members of the mining community) of the area of benefit wilhout distinction of political, religious or other opinions with the object of improving ihe conditions of life for the said inhabitants. The main activities undertaken in relation lo those purposes are social functions and parties for Children, keep fit classes, dance classes, room hire for local businesses and workgroups. and a social space for people to meet and interact using the facilities provided by the centre O'uke box, snooker and pool tables). The trustees have referred lo the guidance given by Ihe Charity Commission on public benefit when reviewing the charity's aims and objeclives. Organisational Structure The trustees who have served the ¢harily during the year are shown on page 1. The charity is responsible for maintaining the premises and grounds in a suitable state of repair for use by those who live in the surrounding area. It raises income through various charitable a¢tivities, the main one being the hiring out of its facilities to the public. In addition to this. the connected trading Company, Easington Social Weare Centre Social Club Limited. pays an annual Occupational Licence Fee lo the charity in addition to gift-aiding its taxable profits to the Charity for charitable usage. Trustee vacancies are advertised and interested parties are asked to apply in writing. Interviews will be held and suitable candidates are then notified to their nominating body being either CISWO, Irade union or members. The Trustee Board is made up ofequal numbers of each nominaling body. Financial Review The charity had nel outgoing resources of £29,148 {2023 net outgoing resources £63,480). The trustees are carefully managing the ¢hariWs finances and are satisfied that rt will be able to continue to meet its obligations for the foreseeable fulure. Review of Activiti08 and Public Benefits The Irustees have referred to the guidance given by the Charity Commission on Public Benefit when reviewing Ihe aims and objectives and, as a result, the following have taken place during the year. The trustees have been working very hard over the lasl 12 months keeping everything up to date and running smoothly at the centre. Membership is still increasing and it will help slrenglhen our position as a centre for the community. Overall in general the centre is doing OK bul still needs your support to further improve the centre. please. please get involved and join us here to make the centre a great place for everyone to come and enjoy. The trustees are looking forward to the next 12 months and hope for better things to come in the fulure.
EASINGTON SOCIAL WELFARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED Investment Policy The trustees do not have an investment policy ip. place as suck, bui they have taken the sensible approach and placed the charity's liquid assets in inleTest beartno bank acr.ounls, *hus rais'.n,g some income for the charrtls use whilst ensuring that the money is readily available should it be needed. Reserves Pollcy It is the policy of the trusLees to maintain unrestricted funds which are the frèe reserves of the charity, al a level lo provide sufficient funds to cover anticipated administration and support costs for a period of 12 rnonths. Any additional reserves are held to provide a capilal fund for repairs that wll be required for the upkeep of the premises. Risk Management The trustees are aware of Ihe operational 8nd 1Snancial 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 conliniied success of tho social Club from which it derives its main funding. the support Df ip,dividuals and the community in using the facilities and Ihe introduction of the yOtsTTger generation to provide for the luture. The Trustees work closely with the directors, committee ail d members to address these risks. Statement of Truslees, Responsibilities Law applicable lo charities in England and Wales required the Tiustees to prepare financial stalements for each financial year which give a trLie and fair view of the charily and of Ihe incoming resources and application of resource5 of the charity for that period. In preparing those financial statements, the Iruslees 5eled suitable accounting poliaes and then apply them consistenlky.. observe the methods and principles in the ChaTiLies SORP- make judgements and pstimates that are reasonable and prudent,. stale whethe.r appllcable ac.counting standards have been followed subject to any materi81 departures disclosed and explained in the financial statements., prepare the financial slate_menls on the going concerji basis unless it is inappropriale lo presume that the charity will continue in Operatn. The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy al any lime tlie financial position ol the charity and which enable them to ensure that the rinancial statemen15 comply with the Charities Act 2011. They are also responsible for safeguarding tFie assets of the charity and hence for taking reasonable steps for the prevention of fraud and other iiregularilies. Signed - Trustee Print Name - Trustee Date.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EASINGTON SOCIAL WELFARE CENTRE I report to Ihe Trustees on my examination of the accounts of the above named charity (registered no. 520774) for the year ended 31 March 2024, set out on pages 510 9. Res onslbilltles and basis of re ort As the Charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of The Trustees, accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Inde endent Examiners 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) accounting records were not kept in respect of the Charity as required by section 130 of the act.. or (2) the accounts do not accord with those records., or (3) the accounts do not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give 'a true and fair view, which is not 8 matter considered as part of an Independent examination. I have no concerns and have come across no 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. Ibof.. J Wallage FCA On behalf of CISWO (Trading) Lld The Old Rectory Rectory Drive Whiston Rotherham S60 4JG Date
EASINGTON SOCIAL WELFARE CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note Income and Endowments Grants Room hire Raffles Snooker Juke box Drinks machine Donations Memberships Utilities refund 29,198 14,162 647 235 406 12,123 9,473 470 1,094 599 1,091 12,994 55 2,669 Total Incomlng Resources 57,650 27,574 endlture Direct Charitable Ex endi ure Fund raising events and donalions Premises costs Repairs and maintenance Insurance Rates and water rates Depreciation 2,906 24,642 3,737 4.849 2,719 8,764 4,486 17,437 2,913 1,589 2,577 9,061 47,617 38,063 Administration Employee costs Accountancy fees General administration cost Sundry expenses 21,441 1,436 7,483 8,821 41.329 4,396 4,679 2,587 Total expendlture 86,798 91,054 NET MOVEMENT OF RESOURCES {29,148} 163,480) Realised Investment losses (5,533) Balance brought forward at 1 April 2023 380,474 443,954 Balance carried fotward at 31 March 2024 345,793 380,474
EASINGTON SOCIAL WELFARE CENTRE BALANCE SHEET AS AT 31 MARCH 2024 Notès 2024 2023 Fixed Assets Ta.rygible assets Invostrnents 340.484 349,248 5.533 340,484 354.781 Current Assets Debtors and prepaid expenses Cash al bank and in hand 21,387 11.822 25,219 28,825 33,209 54.044 Less: Current Liabilrti Creditors falling due within one year (27,900) 128,3511 Net Current Assets 5,309 25.693 TOTAL NET ASSETS 345,793 380,474 Re resented b Unrestricted Fund 345,793 380,474 345.793 380,474 The financial statements were approved by the trustees and signed on their behalf by.. Signed - Trustee Prinl Name .. Trustee Date
EASINGTON SOCIAL WELFARE CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES a) Basls of preparation and as8es8ment of golng concern The financial statements have been prepared under the historical cost convention unless olherwse stated in the relevant notes lo these accounts. The financial statements have been prepared in accordance wth the Statement of Recommended Practi.. Accounting and Reporting by Charities (FRS102) and the Financial reporting Standard {FRS1021 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 the Trusl has adequate reserves to continue in operation existence for the for6seeable future. Accordingly the trustees continue to adopt the going concem basis in the preparation of the accounts. b) Income Recognltlon Income is recognised once the charity has entitlement to the income. it is probable that the income wll be r8ceived and the amount of incom& recèivable can be measured reliably. Donations are re¢ognised when they are received. c) Expenditure Recognltlon Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charity lo 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. Grants are recognised when they are approved and the intention has been communicaled to the recipient. d) Depreclatlon Depreaalion is provided to write off the cost or valuation less èstimated sIdUal of fixed assets over their expected useful lives. The rales applied are.. - Freehold propety - residual balance method 2% per annum Plant, machinery, fixtures and fittings reducing balance method 18% per annum
EASINGTON SOCIAL WELFARE CENTRE NOTES TO THE FINANCIAL STATEMENTS Continued FOR THE YEAR ENDED 31 MARCH 2024 2. GRANTS RECEIVED Revenue grants are recognised in the Statement of Financial Activities on a reiVed basis and are matched wilh the expenditure towards which they are intended to conlribule. 3. FIXED ASSETS Land & Buildin Plant & s Machinè Total Cost At 1 April 2023 Additions 442,679 98,889 541,568 Al 31 March 2024 442,679 98,889 541,568 reclation At 1 April 2023 Charge for the year 104,556 6,762 87,764 2,002 192,320 8.764 At 31 March 2024 111.318 89.766 201.084 Net Book Value At 31 March 2024 331.361 9.123 340,484 At 31 March 2023 338,123 11.125 349,248 2024 2023 4. DEBTORS AND PREPAID EXPENSES Prèpayments Vat Other debtors 326 4,400 20,493 1,355 20,032 21,387 25.219
EASINGTON SOCIAL WELFARE CENTRE NOTES TO THE FINANCIAL STATEMENTS Continued FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 5 CA H AT BANK AND IN HAND Current account Deposit account Cash 11,813 4,075 15,030 9.720 11,822 28,825 2024 2023 6 CREDITORS FALLING DUE WITHIN ONE YEAR Trade creditors Other taxes and social security Loan from trustees Accruals and other creditors 499 519 10.920 15,962 9,970 677 10.920 6,784 27.900 28.351