EASINGTON SOCIAL WELFARE CENTRE REGISTERED CHARrrY NO: 520774 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
EASINGTON SOCIAL WELFARE CENTRE CHARITY REGISTRATION NO: 520774 LEGAL AND ADMINISTRATIVE DETAILS TRUSTEES: L Clark50n D Dobell S W Fergus S Fergus D S Garside G Robinson M Vickers L Dodds (Appointed 1810912023) W Smlth (Appolnted 0210712024) SCHEME ADDRESS: Seaside Lane South Easington Colliery County Durham SR8 3PL BANKERS: Barclays INDEPENDENT EXAMINER: J Wallage FCA CISWO (Trading) Limited The Old Rectory Rectory Drive Whiston Rotherham S60 4JG
EASINGTON SOCIAL WELFARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report along with the financial statements of the charity for the year ended 31 March 2025. 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. Constitutlon and Objects The charity is constituted by a conveyan 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 welfare centre for the benefit of the inhabitants (and in particular, but not exclusively. such of the said inhabitants as are members of the mining community) of the area of benefit without dlstinclion of political, religious or other opinions with the object of improving the conditions of life for the said inhabitants. The main activities undertaken in relation to 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 (J'uke box, snooker and pool tables). The trustees have referred to the guidance given by the Charity Commission on public benefit when reviewing the charity's aims and objectives. Organisatbonal S,tructure The trustees who have served the charity during the year are shown on page 1. The charlty Is responsible for maintaining the premises and grounds in a suitable stat8 of repair for use by those who live In the surrounding area. It raises income through various charitsble activiti88, the main one being the hiring out of Its facllltles to the public. In addition to this, the connected trading company. Easington Social Welfare Centre Social Club Llmlted, pays an annual Occupational Licence Fee to 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. Intervlews will be held and suitable candidates are then notified to their nominating body being either CISWO, trade unlon or members. The Trustee Board is made up of equal numbers of each nominating body. Flnanclal Review The charity had net outgoing resources of £664 (2024 net outgoing resources £29,148). The trustees are carefully managing the charity's finances and are satisfied that it will be able to continue to meet its obligations for the foreseeable future. Review of Activities and Public Benefits The trustees have referred to the guidan given by the Charity Commission on Public Benefit when reviewing the aim5 and objectives and. as a result. the following have taken place during the year. Within the centre we host many activities during the week. Sunday afternoon we have an adult football team. local lads playing in the Peterlee Sunday League. Sunday evenings we have live music. Monday mornings we hold advice session5 and a coffee morning. Monday evenings line dancing classes, Tuesday and Thursday momings wam room sessions with wellbeing advice. Tuesday evenings there are childrens dance classes. Wednesday momings coffee moming and line dancing learners classes with a tea dance in the afternoon. Wednesday evening is bingo. Thursday evening pool, ball games and Ilne dancing. Friday morning knit and natter group, advice sessions and IT skills group. We have many training companies using the centre. These are advertised within the community and are a great asset to the communlty. All activities are posted on our Facebook account and around the community buildings.
EASINGTON SOCIAL WELFARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 CONTINUED Investment Policy The trustees do not have an investment policy in place as such bLrt they have taken the sensible approach and placed the charitys liquid assets in interest bearing bank accounts. thus raising some income for the chariws use whilst ensuring that the money is readily available should it be needed. Reserves Policy It is the policy of the trustees to maintain unrestricted funds which are the free reseNes of the charity. at a level to provide sufficient funds to cover anticipated administration and support costs for a pericKI of 12 months. Any additional reserves are held to provide a capital fund for repairs that will be required for the upkeep of the premises. Risk Management The trustees are aware of the operational and financial risks which the charty faS and regularly reviews those risks to mitigate against any impact they may have on the charty. The major risks facing the tharity are the continued success of the social club from which it derives its main funding. the support of individuals and the community in using the facilities and the introduction of the younger generation to provide for the future. The Trustees work closely with the directors, committee and members to address these risks. statement of Trustses. Rosponslbllltles Law applicable to charities in England and Wales required the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charty for that period. In preparing those financial statsments. the trustees are required to- select suitable accounting policies and then apply them consistently. obseNe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting starKlards have been followed subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will conts'nue in operation. The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the tharity and which enable them to ensure that the financial statements comply with the Charwties ACL 2011. They are also responsible for safeguarding the assets of the charily and hence for tsking reasonable steps for the prevention of fraud and other irregulariiies. Signed - Trustee Print Name- Trustee tsl-lo-J&
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EASINGTON SOCIALWELFARE CENTRE I report to the Trustees on my examination of the accounts of the abov8 named charity (registered no. 520774) for the year ended 31 March 2025, set out on pages 5 to 9. Res onsibilities and basis of re ort As th8 charty trustees you are responsible for the preparation of the accounts in accordan wlth 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 applkabfe Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Inde endent Examlners Statement I have completed my examlnatlon. I confim that no material matters have come to my attention in connectlon wlth the examlnation giving me cause to believe that in any material respect: (1) accountlng records were not kept in respect of the Charily 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 form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts give 'a true and fair vieW which is not a 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 attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. -19-2S J Wallage FCA On behalf of CISWO (Trading) Ltd The Old Reclory Rectory Drive Whiston Rotherham S60 4JG Date
EASINGTON SOCIAL WELFARE CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unre$trlctsd Restrlctod 2Q As r•$tatod Incoma and Endowmonts Nolo Grants- r8Strict8d- CISWO Grants- unrestricted Occupational licence Room hire Raffles SncKsker Juke box Solar energy income Donations Everrts and other irrne Memberships 25,008 25,008 9,000 19,500 20,919 9.000 19,500 20,919 29,198 14.162 647 235 406 1,990 1,IA1 3,621 1,166 318 1,061 3,621 1.166 318 12,994 Totsl Incoming Rosour¢e$ 57,575 25,008 82.583 57,650 Ex endituro Dlrect Charltable Ex ndlture Fund raising events and donations Light and heat Equipment hire Repalrs and malntenance Insurance Rates and water rates Printing, postag8, Stationèry and adverbslng Other expenses Depreciation 2,906 19,473 3.801 3.737 4,849 2,719 921 4,878 5.454 6.413 5,511 3,045 642 4,878 5.454 31.421 5,511 3,045 642 25.008 8.268 8.268 8.764 34,211 25,008 59,219 47,617 Administration Employee o)sts Accountancy fees Sofhyare General administration cost Sundry expenses 17,178 3.594 17,178 3,594 384 722 2.150 21,441 1,436 180 7,303 8.821 722 2,150 Totsl expenditure 58,239 25,008 83.247 86,798 NET MOVEMENT OF RE80URCE8 {664) (664 129,148) Prior year adjustment {12,000) Realised Investment losses (5,533) Balance brought forward at 1 April 2024 333.793 333.793 380,474 Balance carried forvrdrd at 31 March 2025 333.129 333.129 333,793
EASINGTON SOCIALWELFARE CENTRE BALANCE SHEET AS AT 31 MARCH 2025 Notes 2025 2024 {As reslat•d} Flxed Assets Tangible assets 332,216 340,484 Current Assets Debtors and prepaid expenses Cash at bank and in hand 23.719 9.887 21.387 11,822 33.606 33,209 L•s$: Current Liabilities Creditors falling due within one year (26,693) (33,900) Net Current Assets 6.913 {691) Creditors falling due after more than one year (6.000) (6.000) TOTAL NET ASSETS 333,129 333,793 resentsd b Restrlcted Fund Unreslrlcted Fund 333,129 333.793 333,129 333,793 The financial ststements were approved by the trustees and sign8d on their behalf by. Signed - Trustee Print Name - Trustee aq_10- 2£ Date
EASINGTON SOCIAL WELFARE CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES a) Basis of preparatlon and assessment of golng concern The financial statements have been prepared under the historical cost convention unless other4vise stated in the relevant notes to these accounts. The flnanclal statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities (FRS102) and the Financial reporting Standard {FRS102) 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 Trust has adequate reserves to continue in operation existence for the foreseeable future. Accordingly the trustees continue to adopt the going concem basis in the preparation of the accounts. b) Income Recognition Income is recognised once the charity has entitlement to the Income, It Is probable that the income will be received and the amount of income receivable can be measured rellably. Donations are recognised when they are received. c) Expondlture Recognitlon Liabilities are recognised as expenditure as soon as there is a legal or constructlve obligation committing the charity to that expenditure, it is probable that settlement wlll 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 communicated to the recipient. d) Depreciation Depreciation is provided to write off the cost or valuation less estimated residual of fixed assets over their expected useful lives. The rates applied are,. Freehold propety - residual balance method 20/0 per annum Plant. machinery, fixtures and fittings reducing balance method 18Vo per annum
EASINGTON SOCIAL WELFARE CENTRE NOTES TO THE FINANCIAL STATEMENTS Continued FOR THE YEAR ENDED 31 MARCH 2025 2. GRANTS RECEIVED Revenue grants are recognised in the Statement of Financial Activities on a received basis and are matched with the expenditure towards which they are intended to contrlbute. During the year a grant from CISWO was made available to fund roofing and scaffolding at the welfare. Grants totalling £9,000 have been receiv8d from Durham County Council. 3. FED ASSETS Land Buildin Plant & s Machlne Total Cost At 1 April 2024 Addib'ons 442,679 98,889 541,568 At 31 March 2025 442,679 98,889 541,568 De reciation At 1 April 2024 Charge for the year 111,318 6,627 89,766 1,641 201,084 8,268 At 31 March 2025 117,945 91,407 209,352 Net Book Value At 31 March 2025 324,734 7,482 332,216 At 31 March 2024 331,361 9,123 340,484 2025 2024 4. DEBTORS AND PREPAID EXPENSES VAT Other debtors 817 22.902 1.355 20,032 23.719 21.387
EASINGTON SOCIAL WELFARE CENTRE NOTES TO THE FINANCIAL STATEMENTS Continued FOR THE YEAR ENDED 31 MARCH 2025 2024 2025 (As restated) 5 CASH AT BANKAND IN HAND Current account Deposit account 9.868 19 11.813 9.887 11.822 2025 2024 6 CREDrroRS FALLING DUE WITHIN ONE YEAR Trade creditors Other taxes and social security Loan from trustees Loan - NEAMSWTF Accruals and other creditors 2.411 329 8.420 6.000 9,533 499 519 10.920 6,000 15.962 26.693 33,900 7 CREDITORS FALLING DUE AFfER MORE THAN ONE YEAR Loan - NEAMSWTF 6,000 6,000 PRIOR YEAR ADJUSTMENT During the year It became evident that a loan of £12,000 reiVed last year from the North East Area Miners Soclal Welfare Trust Fund had been incorrectly accounted for as a grant received. The necessary adjustments have been made in these accounts.