Charlty reglstratlon number 520853 MURTON RECREATIONAL CHARITY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MURTON RECREATIONAL CHARITY LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr8 H Napler Mr G Maitland Mrs J MaillaThJ Mrs L Riley MrANapier Mr R Adco(*-Forster Mr P Penman Mr M Grogan Mr S Robson MIS EA coeY Mr K Dixon Mts M Rafferty L GrTrJan Mrs E Miller Mr K LoNJstaff Charity number Buslnèss address Glebe Centre Dwham Place Murton Seaham Co Durham SR7 9BX Audiior Inspire Cowrylian(% Limited 6 Queens Court North Third Avenue Team Valley Trading Estate Gateshead Tyne and Wear NE11 OBU Bankers Bardays Bank PIC
MURTON RECREATIONAL CHARITY CONTENTS Page Trust88s' report statement of trustees. respobIlItIeS Independent auditors report statement ol financial adivitses statement of financlal posltbn Notes to the financial ststements 10-15
MURTON RECREATIONAL CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Tru¥te88 present their annual report and financial statements for the year ended 31 March 2024. The accounts have been prepared in accordan with th6 accounting pc4icies sel out in note lo the accounts and comply th Ihe charivs gov6mlng document. the Charlties Act 2011 and 'Acrnting and R8POrting by Charllles: Statement of Recommended Practice applicable to charities preparing their accounls in accordance with th8 Flnancial Reporting Slandard applicable In the UK and Republ of Ireland (FRS 102). {as amended for acCounng perl(Kls commenang from 1 January 2016) Name, reglstered offlce and constttutlon of the charlty The full name of the charity is Murton Recrealional Charity. The legal registration detaus are:_ Date of Incorporation.. 20 January 1986 Charity R8gistration Number. 520853 Registered Office: The Glebe Centr8, Murlon. Seaham. Co. Durtrn SR7 9BX Telephone number: +4410)191520 8650 Objectlvos and a¢tlvllles The oblecl of the Charity is the prow5ion and maintenanc8 of a communty I Soc1 centre, sports pavlllon and recreation ground for tha use of the Inhabltants of Ihe Parish of Murton arKI the nelghbouthood Ihereof without distlnctkjn of polltical, religious or other opinions, including use for meetings. lectures and classes, and for olher forms of recrgation and IsUre-llMe ¢Up8on, wllh the obled of Improvlng the conthtions of well being for th said Inhabitants. The Truste88 hav8 paid due regard to 9dan Issued by the Chority Commission in d8ciding what activiti8s tha charity should undertake. To meet the obje¢Uves In 2023- 2024, the follovAng acuvitles. Isted bthw. Regular weekly I monlhty twkings Gymnasium and Cardifrvascular equipment exercises. induding GP referrals. Various sports coaching for youngsters Adult football and ICket Junior football and crid(8t Carpet bowls Chi14r8n's multi-sports sessiorts. Weight management se&8lons. Cycling Club. Walking group sesslons. Karale lessons. Tai Chi. Mother & Toddler Crè(e SsSIOnS (Dalty) Herilage Society Dog trnfftg sessk)ns The f2clliUes and seNces that Ihe centre can provkle have proved lo be a popular choice with local and n68rby residents. whlth has led to a return to the use for wedding. christening and funeral reptions. (ildren's blrthday parties, etc.
MURTON RECREATIONAL CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aehlevements and perforniancè The board of Truslees are satisfied wth the perfornance of the charity however Covmj restrictions changed the landscape of the business in relation to corporate meetings I tralning events, and consider that the charity Is In a good position at 31 March 2023 lo continue its activibes during the forlhcomlng year. and that the chariws assets are adequate to full flll its present obligations. The operatlonal and financial performance is monitor8d and disujssed in structured monlhty meetings. The trustees have ref8rred to th8 guidance contained in the Charity Commission's general guidance on publiG benefit when reviewirbg our aims and objectives to enable us to plan our fjjture activities. In particular, the Ttwslees consider how planned adivities will enhan and contribute to the aims and objedive they havg set. Flnanclal rovlew 11 Is the policy of the charity that unrestrlctod funds whlch have not been degnated for a speciftc use should be maintalned 8t a level equivalent to beeen one and three monlh'8 expenditure. The Trustee8 considers thal reserves al this level wll ensure that, in Ihe event of a slgnificanl drop in funding, they will be able to continue the charily's current activitles while consklet81ion 1$ glven to ways in 1¢h addrflonal funds may be rais8d. As required by our Flnanclal Regulatron& quarterty financral statements were prosented to the General Management Committee and a full copy of th8 Auditors Report was produced for each trustee. The manager of the charity resign8d from th8 Post in July 2022 and was employ8d on a contracted salary of £28.000 per annum. Following the resignation temFx)rary arrarvJements were pul in place for current membars of staff lo wver parts of the role, howeverTrustees decided Ihal the the charity needed an overall manager to cover 811 aspects of the operadon of Ihe centre. Unforlun8tely, due to the financlal restrfcdons of the charfty the cost of employlng a new manager was not financially feasible, thgrefore it was agreed by Trustees and members of Ihe Parish Counal, that the Clerk would cover thls role. The conlracled hours of Ihe Clark were Increase from 30hours to 37hours to embrace Iho role. The Parish Council agreed to wnlinue its finanrially support of the Associalion wtth the annual grant and also cover the addiltonal salary costs of the Ckrk. As a resum Murlon Welfare Association will See a reductlon of approxlmately £28. (KJO per annum on $8lary costs. Publlc Benefii Th8 Trustees have had regard to the Charily Commission guidanr* their legal duty on publlc InefiL and are sallsfled that the Charity delivers worthwhi18 public benefil. Du8 regard is pavj to the guidance on public benefit when deciding on what new yole¢is the Charity should undertake. Rlsk Assèssment The Trustees has ass8ssed the major risks to lch the charity exposod. and ar8 satisfied that systems are in placo to miligate exposure to the major risks. The General Managernent Committee adopted a Risk Assessment Pdicy Sulxniited by th8 Sretary in March 2001, and this document has subjected to an annual review since that date. The obj8Ct of Ihe Charlty Is the prO$10n and maintenance of a communlty180dal centre. $p(xis pavilion and re¢reatlon ground for the use of the inhabitants of the Parish of Murton and the neighbouthood thereof withoul i$tindion of polttJ(xl, relkJlous or olher opinions, Including use for meetings, lectures and classes. and for other forms of recreation and leisure-time oc(aJpation, wth the object of improving the conditions of well being for the sald Inhabitants. stNGbJr•, governance and management
MURTON RECREATIONAL CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Chaiity's Constitution is contained in a goveming document. known as a Scheme. whic* was seale(l on 20th January 1986. The Secretary oflhe Charity holds a copy of ihis document file. The head of the organisation Is the Chalmian of the Assoclation. This posttion is 5UPPOrted by the follovAng.' - - S8(¥etary of the Associauon - who Is Ihe Chlef Offlcer and Is responsible for an Administrative unit; a Servl(xs Unit. This offlcer Is aL80 the Company Secretary of our subsidiary organisatlon. Glebe Cenlre Enterprises Lld. Which entaiL8 responsibility for confer@n Rooms. as well as a Bar and Catering Unit - General Commlltee- (x)mprislng all 15 representative Tnjstees and an Executive Commlttee of 6 Trusteos, which include the Chairm8n ar¥J Tr8asur8r. - Atotal of 2 fv11-time and 3 part-tlrne staff are lolnty employed on the actlviues of both the Charity and Tts subsidiary Company. The Charity is not part of a wider network. Tho Trustees who served during tho year were: Mrs H Napier Mr G Mailland Mrs J Mailland Mrs L Riley Mr A Napler Mr R Adox)ck-Fornter Mr P Penman Mr M Grogan Mr S Robson Mrs E A Cowley Mr K Dixon Mrs M Raffety L Grogan Mrs E Miller Mr K Longstaff Non8 ofthe Trustee5 ha$ any benefi¢lal interest in the wmpany. AM of the Trustees are members of tho company and guarantee to CAMlribute £1 in the event of a winding up. Auditor In accordance wlth Ihe companvs artlcl8s, a resolutton proposlng that Insplre crxnp11an Limiled be reappolnted as auditor of the company will be put at a General M8eting. The tru5tees' report was approved by th8 Board of Trustegs. Mr P Pgnrnan Truslee
MURTON RECREATIONAL CHARrrY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 Tho Trustees are respmsible for prepariw the TrlteeS. Report and tho financi81 statements In accordance wlth applicabk8 law and Untted Kingdom Accounliro Standard8 {United Kingd(Kn G8neralty Accepted Acca)ur)tlng Pracllcel. The law applIcaLe lo charfties in England and WaS requiros the Tnjstees to wepare flnanclal statements for each financial year which giv8 a true and fair view of th& state of affairs of lh8 charity and of the incoming resources and application of resources of the charfty for that year. In preparlng these financlal slatmnts. Ihe Trustees are required to: - select suitable accountlrvj polic and then apply them conslstenty. - obsarve the methCS and principles in the Charitles SORP: - make judgements 8nd estimates that are reasonable and wudent: - stste whether applicabb accounting standards have been followed. subj1 to any material depathjres dlscb)sed and explained in the financial slalements,. and - prepare tho financkgl statements on the gn9 concem basis unkn It Is inappropriate to presuma Ihal the charity will continue in operation. The Trustses are $nSible for keeping sufficient accounting records that disclose with Teasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial 5talemenls comply with the Chartties Act 2011. the Charity {AOnts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the asset8 of the ¢har5ty and hence for taking reasonable sleps the prevention and detedion of fraud and other irregularities.
MURTON RECREATIONAL CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF kqURTON RECREATIONAL CHARITY Oplnlon We have audlted the flnanclal statements of Murton Recreational Charity {the 'charlV) for the year ended 31 Marth 2024 which Gomprise the statement ol financial aclivilies, the statement of financial wsition and noles to the financial statements, including wgnificant a¢countirvJ policies. The financial reporling framework thal has been applied in their preparalion is applicable kw and United Kingdom Accounting Standards, Includlng Financial R8POrtlng Standard 102 The Financial Reporting Standanl 8ppIK8ble In th8 UK and Republic of Ireland (Unlted Kingdom Generally Accept Accounting PraGliGe). In our opinlon, the flnancial statements: glve 8 true and fair view of the state of the chaty.5 affalrs as at 31 March 2024 and of its incoming resources and application of resources. for the year then 8nd8d; have been prrty prepar&J in acrdanCe th Unitsd Kuigdom Generally Apted AGLxunting Practlce: and have been Prepared in accordance with the requireffEnts of Ihe Charities Act 2011. Basls for oplnlon We conducted our audlt In ac(J)rdance wlth Intemaflonal Standards on Auditsng (UK) IISAS (UK?) and applicable law. Our responsibilities under those standards are further desGribe(J in the Auditorfs SpOnsIbl11t1eS for the 8udlt of the finanoal statements sectlon of our report. We are Independent of the charity in 8ccx)rd8nce wllh the ethical requirements that are relevant io ryjr audit of the financi81 slatetnenls in the UK, including the FRC'S Eihlcal Standard, and we have fuffllled our othor ethleAI resp¢sibIlitieS in accordance with these requirements. We believe that Ihe audit evidence we have obtained is sufficient and appropriate to pmvlde a basls for our opinion. Concluslons relatlng lo going concern In audillng the flnancial slatements, we have concluded Ihat the trustees. use of the golng coneLrn basis of aCuntIng in the preparation of the financtal statemenis is apprc¥Jiiate. Based on the work we have perforrned, WB hav8 nol identified any maierlal UncertaIneS relatlng to events or condlon$ that, Indlvldually or collectivety, may casl s1gnifint doubt on the charity's abiliiy lo continue as a golng concem for a period of at least twelve months from when the financial statements are authOSed for issue. Our responsibilitS and the responsibilities of th8 TNstees wlth respect to golng concem are d8scrib8d In the relgvant sections of this reporl. Other Infomiatlon The other infomiation (x)mprises thg information includgd in Ihe annual repc*t other Ihan the financial stat&menl8 and our audilorfs report thereon. The Trustses are responsibl8 th8 olher infLThation contained wilhln the annual report. Our opinlon on the financial statements does not cover the other Informallon and we do not express any fomi of assurance Conclusic th8reon. Our rgstNJnsibility is to r8ad the other information and. in doing so, CDn81der whether the other informatlon is materially inwslstent with the financial statements or our knowledge obtained in the o)urse of the audit. or otherwise app8ars to be materially misstated. If we identify such material inconsisl8ncies or apparent material rnisstatemenls, we are required to detemiine whefher this gives rise to a material lsstateMent In the financial statements theMSe8S. If, based on the work we have perf0rftd. we Cy)Ude that there Is a material rn18sial8ment of this other infoTmation. w6 are requi1 to rewrt that fact. We hav9 nothiro to report in this regard. Matters on whlch we are requlred lo report by exceptlon We have nothing to report in respect of the following matters in relation to whTrth the Charftles (Accounts and Reporlsl Regulations 2008 require us to report to you rf. in our qinion.. the infomiation given in the financial statements is inconsistent In any matsrial respeGt with the trustees, report. or sufficient accounting r8cords have not been kept,. or the finanual statements are not in agreement with th8 accounting records; or we have not recelved dl tha information and explanalions we require for our audit.
MURTON RECREATIONAL CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MURTON RECREATIONAL CHARITY Rg¥ponsibilities of Trustees As explained more fulty In the statsment of trustees. responslbilities. Ihe Trustees are responslble for the preparation of the financial statements and for being satssfied that they glve a true and fair view, and for such Intemal control as the Trustees determine Is neSSary lo enab18 th8 preparation of finandal slatements that are free from material misslatemgnt, whelher due lo fraud or error. In preparing the financial statements, Ihe Trus188S are responslble for asses81ng the charity's ability lo (x)ntinue as a going concem, disdosing, as applicable, matter8 related to going con and using the going ox$nM basis of arxxiunung unless the Trustees eith&r Intend to cease operatk)ns. or hav8 no reali8tlC allernalve but to do so. Audito¢s responslblllttes for the audlt of Ihtr financial statements We have been appointed as auditor under section 144 of the Chadties Act 2011 and report In accordanG8 Wth the Act and relevant regulalon8 made or havlng effect thereunder. Our objecth'ves are to obtain reasona18 assurance about 4thether Ihe fin8ncial statements as a who18 are free from material misstatemenl, whether due lo fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assuran¢e is a high level of assurance iKtl is not a guaraniee that an audit conducted in accoanG& with ISAS {UK} wlll always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered maledal If, Indlvldually or in the aggregate. they o)uld reasonably be gxpected to influence the economic deusions of users taken on the basis of these finanal statements. The extent to leh our procedures are cwble of detectlThJ legUl8rftleS, inCding fraud. Is d8tailed below. Our approach to idenlifying and assessing the risks of material misstatem&nt in resFrfi of irngularitles, knduding fraud and non-compliance with laws and regulations, was as foll The engagement partner ensured that the engwJement team collectNety had the approprlalÉ competence. eapabllilèg 2nd gkllls to Idontfy or rècogni5e non-complianca vAth appli¢ablo laws and rggulations. We identified the laws and regulalions applicable to the company through dlscusslon8 wllh truste85 and our management: We assessed tha extent of complianc bith laws and regukt1Lx identified above through making enquiries of management and Inspecting legal ¢(Yrespondence; Identified laws and regulations were (x)mmunlcated witn the audit team regularly and the team remained art lo instance5 of non-Gomplanc8 throughout th8 aud. We 855essed the su8cepllblllty of the chartys financial statemenis to material misstatement, including obtainhg an understanding of how fiaud might (r. by. Making enquiries of management as to where Ihey considered there was susceplibillty to fraud, their knowledge of actu, suspected and alleged frnud., ConslderirvJ the Internal controls in place to mitigate risks of fraud and rN)n4ompllance with laws and regulations. and UndeTrtanding the deslgn of the tharitS remuneraiion policies. To add$5 the rlsk of fraud through management bia5 and override of iy)ntrols. we: Performed analytical procedures to Idtify any unusu81 or unexfxcted r8lattonships', Tested joumal entries to identify unusual transactions. Assessed whether judgements and assumptions mad8 in detemiining a¢c>)untiThJ esllmales were Indlcative of potential blas. and Invesligated the rationale b8hind signiftant or unusual transaclions.
MURTON RECREATIONAL CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MURTON RECREATIONAL CHARITY In response to the risk of irregularities and non-compliance wth laws and regulations, we designed procedures which included. bul were not limited to= Agreeing financial statement disdosures to undertying supporting documentation; Reading the minules of meetings of those charged with govemance- Enquiring of management as to actual and potential litigation and claims., and Reviewing correspondence with HMRC. relevant regulators and the CoMpanS legal advisors. There are inherent limitations in our audil procedures descrtbed above. The more removed that laws and regulabons are from financial transacD"ons. the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regUlaton$ to enquiry of the trustees and olher management and the inspection of gUlatOry and legal correspondence, if any. Material rnisstatemenls that arise due to fraud can be harder to detect than those that arise from emr as they may involve deliberate GollGealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at: https'.11 v4v4w.fre.org.uklauditorsresponsibilities. This dgscription fomis part of our auditofs report. Use of our report This report is made solely to the charity's tmstees. as a body. in aeeordance with part 4 of tho Charitiag {Accounts and Reports) Regulations 2008. Our audil work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditorfs report and for no other pvrpose. To Iliv full¢bl vxlenl permitted by law. we do not accept or assume responsibility to anyone olher than the charity and the charity's trustees as a body, for our au(Jrt worK, for this report. or lor the opinions we have tonned. Richard Tait FP ACA FCCA {SenioT Statutory Auditor) for and on behalf of Inspire Compllance Limlted Chartered Accountants Statutory Audltor 6 Queens Court North Third Avenue Team Valley Trading Estate Gateshead Tyne and Wear NE11 OBU Inspire Compliance Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as audrtor of a company unrjer sects.on 1212 of the Companies Act 2006.
MURTON RECREATIONAL CHARITY STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AIARCH 2024 Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlctod Restrlcted funds funds 2023 2023 Total 2024 2023 Noles Income and endowments from: vitos Voluntary Income Activitles for generating fijnds 89.199 89.199 111.159 111,159 21,139 21.139 23,218 23,218 Investments other income 1.094 1,094 208 1.920 Totsl Income 111,432 111.432 136.505 136,505 Experbditure on: Charftable aGtiwtles 125.112 69.427 194.539 113,531 70.145 183,676 Totsl expendlture 125,112 69,427 194,539 113.531 70.145 183,676 Net gainsloosses) on Investmenls (13.450) (13,450) Net expenditure and movement In funds {13,680) (82.8TTI (96.5571 22.974 (70,145) 147,171) Reconcilialion of funds: Fund balances at 1 April 2023 71.621 1.154.173 1.225.794 48,647 1,224.318 1,272,965 Fund balaneès at 31 March 2024 57,941 I.071.2 1.129.237 71.621 1,154,173 1,225.794 The statement of financial activilie5 Includes all gains and losses recognised In the year. Al Income and expendlture derive from (*)ntlnuing actbvitles.
MURTON RECREATIONAL CHARITY STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2024 2024 2023 Notès Fixed assets Tangible assets Inveslments 10 11 984,986 27.500 1,027,758 40,950 992,486 1.068.708 Currenl assets Debtors Cash at bank and In hand 12 62.521 89.983 58.738 107.633 152,504 166,371 Credltors: amounts falling duo withi one year 13 (15.753) 19.285) Net current assets 136.751 157,086 Total assets less Gurront lobllltles 1,129,237 1,225,794 Tho funds of the charity Restricted income funds Unreslricted funds 15 16 1,071,296 57.941 1,154,173 71,621 1,129,237 1,225,794 The flnandal statements were appro1 by the Twstees on . lil !.{ IILV. Mr P Penman Trust
MURTON RECREATIONAL CHARITY STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2024 Income from charitable a¢tlvltles Unrestrlcted funds 2024 Unrgstricted funds 2023 Voluntary Income Sa18 of goods SeNiGes provided under contract Sal88 of services by benefiae¥ 72.000 1,450 15,749 72,000 3.327 35,B32 Actfvitles for generatlng funds Performance relaled grdnls Ancillary trading in¢om8 5.544 15,595 9,959 13.259 110,338 134,377 Incom8 from Investments Unrestricted UnrestriGtgd funds funds 2024 2023 Interest receivable 208 Other incomo UnrestTiGtsd Unrestricted funds funds 2024 2023 other Income 1,920 Support CQ5ts allocatod to activlties 2024 2023 Govemance costs 53,233 57.897 Anatysed between: Charitable aclivites 53,233 57,897 10-
MURTON RECREATIONAL CHARITY STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT31 MARCH 2024 Net movement In furKIs 2024 2023 The n8t Tnovement in fund$ 18 Stated after chaing1(¢redrLing). Fees payable for the audit of the charitys fin8nual ststements Depreation ol owned tangible fixed assets 3,220 69,427 3,065 70,145 Charitable actlvltles Charitable Charltable Expendlture Exp9nditure 2024 2023 Depreciation and impaiment Rale$ & Water Insurance H8al. light & FM)wer Repairs & malntenan Postage & stationery Telephone Establishm8nt- other Bank charges 69,427 5,929 9,323 40.201 8.138 30 1.634 6.274 350 70,145 6,582 8,248 24,743 11,028 1,531 3,264 238 141.306 125.779 Share of governance o)sts (see note 4) 53233 57.897 194.539 183.676 Analysls by fund Unrestricted funds ReslriGt&d funds 125,112 69,427 113,531 70,145 194,539 183,676 Forthe ygarended 31 March 2023 Unrestrtcled funds ReStrted fund5 113,531 70,145 183,676 Tslee3 Nono of tho Trust88s (or any persons L¥)nnected wilh them> receNed any remuneration or benefits from the Gharlty during the year (2023- None). 11
MURTON RECREATIONAL CHARITY STATEMENT OF FINANCIAL POSITION (CONTINUED) ASAT31 MARCH 2024 Ernployees The average monthly number of employees durfng the year wa 2024 Numbor 2023 Number Employment costs 2024 2D23 Wages and salaries Social security costs Other penslon c4)sts 40.593 2.486 4,524 46,196 2.740 3,596 47,603 52,532 The above number of empk)yees In¢hJdes those staff caryng wt work for Glebe Centre Enterprises Ltd. There were no employees whose annual refflUnerat was mote Ihan £60,(XY). Taxatlon The charity is exempt from taxatlon on Its activities because al its income Is applied for charitab purEY)ses. 10 Tangible fixed assets Freel1 land Hxtures tnd and bulkllng5 frttiThas Total Cost At 1 Aprll 2023 Addiknons 1,956,671 310.010 2,266,681 6,655 At 31 March 2024 1,956,671 316,665 2,273,336 Depreciation and impairment Al 1 April 2023 Deprefiation charg8d In the year 993,768 58.700 245.155 10,727 1,238,923 69.427 At 31 March 2024 1.052,468 255.882 1,308.350 Carrying amount At 31 MarGh 2024 904,203 60,783 964.986 At 31 March 2023 962,903 64.855 1,027,758 12-
MURTON RECREATIONAL CHARITY STATEMENT OF FINANCIAL POSITION (CONTINUED) ASAT 31 MARCH 2024 11 Fixed asset investments Unllsted invgslments ost or valuation At 1 Aprfl 2023 & 31 March 2024 4Q,950 Impalrmont At 1 April 2023 Impairmgnt losses 13,450 At 31 March 2024 13,450 Canying amount At 31 Mar¢h 2024 27,500 At 31 March 2023 40.950 12 Doblors 2024 2023 Amounts falllng duo wlthln one year. Trade debtors other debtors Prepayments and accrued income 1.750 55,031 1,957 60,612 1,909 62,521 58,736 13 Credltors: amounts falllng due wlthln one year 2024 2023 Other taxatlon and soclal security Trade Creditors Other creditors AGcruals and deferred income 1.074 198 62 7,951 3.135 11,255 15,753 9,285 14 Rgtirement benefit schemes 2024 2023 Deflned contrlbullon schemes Charge lo profi£ or loss in respect of defined contribution schemes 4,524 3.596 The charity operates a defined conlrlbution pension scheme fcf all qualityng empk)yees. The assets of the schem8 arg trld s8paralely from tFx)se of Ihe tharity in an irK18P9ndently administered fund. 13-
MURTON RECREATIONAL CHARITY STATEMENT OF FINANCIAL POSITION (CONTINUED) ASAT31 MARCH 2024 15 Restrlcted funds The r&Stred funds of the charity cornprise Ihe unexpended balances of thJnath)ns and grants h81d on trusl subject to speclflc conditions by donors as to how they may be used. At 1 April R¢sourG8s 21123 expended Gains and At 31 March losses 2024 1.154.173 (69,427) (13,450) 1,071.296 Prevlous year: At 1 April Resources 2022 pendéd Gains and At 31 March losses 2023 1224.318 (70.145) 1,154,173 Purpos• of r8Strlcted funds Welfaro Modèmisatlon Project The project was to rrKJdernise Ihe WeWar& bulklirvJ in Murton. The Iru8tees con8lantly look lo maintain and improve the buikling and ils facilities. This represents the total extefflally financed usin9 restricted fund8. A transfer Is made each year to unre5tiiGted funds whith equates to the fwre charged for depreiaalion in the SOFA, on these assets. J M¢Glnn The estate of J McGinn glfted paintings by the artist to the Murton Welfare Asso¢iatlDn. Multl Purpose Community Sports Faclllty The fund has been estsblish8d to build a new community facilty to replac8 the old Gricket pavilion, Youth Sholter Th8 fund was set up to redevelop the fomer tennis (xxjrt paviSlon in the park for the young people in the village. ging them a safe place to socialise byith friends and partkipate in positNe activities. Regeneratlon Proi8¢t Funding was obtained from Durham County Council Area AGn Partnership sCheT and the Govemmenvs Jobs for the Future Fund to promote use of the new bulkllng arKI to Identlfy groups and organisations seeklng the use of such facllttles. 16 Unrestricted funds The unrestrlcted funds of the charity comprise the unexpended balances of donations and grants which are nol subjeGt to speLific conditions by donor5 and grantors as to how they may b8 usod. These includ8 deslgn8ted funds whlch have been set aside out of unrestricted fvnds by the tssleeS for specific purposes. At 1 Aprll 2023 InGomlng resources Rgsourrg5 At 31 MarGh expended 2024 General funds 71.621 111,432 (125,112} 57,941 14-
MURTON RECREATIONAL CHARrrY STATEMENT OF FINANCIAL POSITION (CONTINUED) ASAT31 MARCH 2024 18 Unrestrlcted funds lcontlnued) Provlous year: At 1 Aprll Incomlng Resourc85 At 31 March 2022 resources expended 2023 General fur¥Js 48.647 136,505 {113,531) 71,621 17 Analysls of net assets bètween funds Unrestri¢ted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Investments Current assetsl(Ilabllltles) 964,986 26,SCK) 79,810 964,986 27,500 136,751 56,941 57.941 1.071.2 1,129,237 Unrestrictod funds 2023 Restrfcted funds 2023 Total 2023 Al 31 March 2023: TarKJible assets Investments Current assetsl(Ilablllties) 1,027.758 39,950 86,465 1,027.758 40,950 157.D86 70,621 71,621 1,154.173 1,225,794 18 Unrestrl¢ted funds It is the policy of the Charity to maintain unrestricled funds. which are free reserves of the Charity. at a level whlch equates to appr0MatelY Ihree months of nstricted expenditure. This proves sufficient funds to cover management and administralron support costs. 19 Related party trdnsacllons Th8 charity owns all of the issued share (wltal of the r£fflpany Glebe &ntse Ent8rprises Limited (the company). All of the actwib8s undgrtak8n by this MpanY take place in the Murton ReeatIonal Charity's (the Ch8rtty) premises. The Glebe Centre or the MulEi-Purwse Community Sports Faolily. Glee Centre Enterpriges Ltd pays various costs towards the repair and upkeep of the establishmenl and Its fixtures, fittings and equlpment and also meets part of the wages cosis of Ihe Charity via Gift Aid. Your attention Is drawn to the inter company loan account included in debtors which reflects the monles advan(Ed to the Company to allow it to trade. The balance ovlng to the Charily as at 31 March 2024 is £60.265 (2023.. £53.658). The loan is repayable on demand and there is no Interest djarged. 15-