REGISTERED CHARITY NUMBER: 521337
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the scheme are the provision of facilities for such forms of recreation and other leisure time occupations as are conducive to the improvements of the conditions of living of the inhabitants of Tyldesley and the neighbourhood thereof and in particular (but not exclusively) such of the said inhabitants as are members of the mining community.
Provided that nothing herein contained shall authorise the application of the trust property for purposes which are not in law charitable.
Once again the residents of the surrounding area have been well catered for by the Institute with the provision of sporting and social activities.
In all respects the trustees believe that they have complied with their duty to have due regard for public benefit.
ACHIEVEMENT AND PERFORMANCE
The main aims of the scheme have been met by the maintenance of facilities for the various sections of the Institute, by the support given to local charities and supporting organisations, the holding of events for the benefit of senior citizens and children and the maintenance of a centre for the use of the local community.
The activities of the scheme were, in the main, financed by an associated company, Astley and Tyldesley Miners' Welfare Institute and Recreation Grounds Limited (the "limited company"), the fund raising efforts of the various sections, the Institute and its members.
The limited company, which comprises of a bar and gaming machines, covenants all its profits to the scheme.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the scheme, retained in order to ensure the day to day running of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The scheme has obtained charitable status and is governed by a trust deed dated 29 March 1960. Its registered charity number is 521337.
The charity shall be called Astley and Tyldesley Miners' Welfare Institute and Recreation Grounds and is hereinafter referred to as the "scheme".
Recruitment and appointment of new trustees
The power to appoint or remove a trustee is vested in The Coal Industry Social Welfare Organisation.
The induction and training of any new trustees is undertaken by the management committee.
Organisational structure
The affairs of the scheme are managed by a management committee which is elected by the members.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
521337
Page 1
ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
Principal address Meanley Road Astley Tyldesley Manchester M29 7DN
Trustees
J Gorringe Trade Union Representative (resigned 30.7.22) D Mountford Trade Union Representative J D Burns M H Thomas
Independent Examiner
A J Syddall M.A. A.C.A. P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
Bankers
Lloyds TSB Bank plc Hotel Street Bolton Lancashire BL1 1DB
Solicitors
Dootson Eckersley Hope Manor House Bolton Old Road Atherton Manchester M46 9DH
Approved by order of the board of trustees on 17 August 2022 and signed on its behalf by:
D Mountford - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
Independent examiner's report to the trustees of Astley and TyldesleyWelfare Institute and Recreation Grounds
I report to the charity trustees on my examination of the accounts of Astley and TyldesleyWelfare Institute and Recreation Grounds (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the 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 Act.
Independent examiner's 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 requirement 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 attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A J Syddall M.A. A.C.A. P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
17 August 2022
Page 3
ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Other trading activities 2 16,041 - Investment income 3 - - Other income 4 18,900 21,300 Total 34,941 21,300 EXPENDITURE ON Other 25,997 21,300 NET INCOME/(EXPENDITURE) 8,944 - RECONCILIATION OF FUNDS Total funds brought forward 69,852 - TOTAL FUNDS CARRIED FORWARD 78,796 - |
2021 Total funds £ 16,041 - 40,200 56,241 47,297 8,944 69,852 78,796 |
2020 Total funds £ 10,536 45 23,273 33,854 35,379 (1,525) 71,377 69,852 |
|---|---|---|
The notes form part of these financial statements
Page 4
ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
BALANCE SHEET 31 DECEMBER 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 39,512 CURRENT ASSETS Debtors 7 33,013 Investments 8 - Cash at bank and in hand 10,186 43,199 CREDITORS Amounts falling due within one year 9 (3,915) NET CURRENT ASSETS 39,284 TOTAL ASSETS LESS CURRENT LIABILITIES 78,796 NET ASSETS 78,796 FUNDS 10 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - - |
2021 Total funds £ 39,512 33,013 - 10,186 43,199 (3,915) 39,284 78,796 78,796 78,796 78,796 |
2020 Total funds £ 39,448 22,958 4,000 6,801 33,759 (3,355) 30,404 69,852 69,852 69,852 69,852 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 17 August 2022 and were signed on its behalf by:
M H Thomas - Trustee
D Mountford - Trustee
The notes form part of these financial statements
Page 5
ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Clubhouse - not provided Building alterations - 10% on reducing balance Fixtures and fittings - 10% on reducing balance Lawn mower - 10% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2. OTHER TRADING ACTIVITIES
| Subscriptions Bowling green fees Donations received Door box and bar bottle Room rent and discos Snooker |
2021 £ 3,659 2,130 6,197 485 2,969 601 16,041 |
2020 £ 4,552 3,132 438 505 1,419 490 |
|---|---|---|
| 10,536 |
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continued...
ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
3. INVESTMENT INCOME
| National savings bond interest OTHER INCOME Telephone mast income Grant received Sport England grant BBC TV Deed of covenant |
2021 £ - 2021 £ 12,000 - 21,300 3,900 3,000 40,200 |
2020 £ 45 2020 £ 21,273 2,000 - - - |
|---|---|---|
| 23,273 |
4. OTHER INCOME
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
6. TANGIBLE FIXED ASSETS
| COST At 1 January 2021 Additions At 31 December 2021 DEPRECIATION At 1 January 2021 Charge for year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Clubhouse £ 6,340 - 6,340 - - - 6,340 6,340 |
Building alterations £ 14,772 - 14,772 14,209 56 14,265 507 563 |
Fixtures and fittings £ 152,000 - 152,000 121,075 3,093 124,168 27,832 30,925 |
Lawn mower £ 2,000 3,750 5,750 380 537 917 4,833 1,620 |
Totals £ 175,112 3,750 |
|---|---|---|---|---|---|
| 178,862 | |||||
| 135,664 3,686 |
|||||
| 139,350 | |||||
| 39,512 | |||||
| 39,448 |
continued...
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ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors VAT 8. CURRENT ASSET INVESTMENTS National Savings Bond 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR VAT Accruals and deferred income 10. MOVEMENT IN FUNDS At 1.1.21 £ Unrestricted funds General fund 69,852 TOTAL FUNDS 69,852 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 34,941 Restricted funds Community Building 21,300 TOTAL FUNDS 56,241 |
||
|---|---|---|
continued...
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ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.20 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 71,377 | (1,525) | 69,852 |
| TOTAL FUNDS | 71,377 | (1,525) | 69,852 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 33,854 | (35,379) | (1,525) |
| TOTAL FUNDS | 33,854 | (35,379) | (1,525) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.20 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 71,377 | 7,419 | 78,796 |
| TOTAL FUNDS | 71,377 | 7,419 | 78,796 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 68,795 | (61,376) | 7,419 |
| Restricted funds | |||
| Community Building | 21,300 | (21,300) | - |
| TOTAL FUNDS | 90,095 | (82,676) | 7,419 |
continued...
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ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
11. RELATED PARTY DISCLOSURES
The charity's property is used by associated company, Astley and Tyldesley Miners' Welfare Institute and Recreation Grounds Limited. The company carries out its day to day operations from the premises free of charge.
At the balance sheet date the company owed the charity £30,013 (2020 - £22,678) which is included within debtors due within one year.
Page 10
ASTLEY AND TYLDESLEYWELFARE INSTITUTE AND RECREATION GROUNDS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Subscriptions | 3,659 | 4,552 |
| Bowling green fees | 2,130 | 3,132 |
| Donations received | 6,197 | 438 |
| Door box and bar bottle | 485 | 505 |
| Room rent and discos | 2,969 | 1,419 |
| Snooker | 601 | 490 |
| 16,041 | 10,536 | |
| Investment income | ||
| National savings bond interest | - | 45 |
| Other income | ||
| Telephone mast income | 12,000 | 21,273 |
| Grant received | - | 2,000 |
| Sport England grant | 21,300 | - |
| BBC TV | 3,900 | - |
| Deed of covenant | 3,000 | - |
| 40,200 | 23,273 | |
| Total incoming resources | 56,241 | 33,854 |
| EXPENDITURE | ||
| Other | ||
| Insurance | 5,815 | 3,416 |
| Rates and water | 3,012 | 1,980 |
| Light and heat | 1,877 | 12,099 |
| Repairs and renewals | 1,647 | 3,230 |
| Legal charges and licences | 300 | 121 |
| Accountancy fees | 360 | 350 |
| Games expenses | 990 | 431 |
| Grounds maintenance | 2,661 | 7,206 |
| Community Building | 24,363 | - |
| Sundry expenses | 106 | - |
| Donations | 2,480 | 2,867 |
| Depreciation of building alterations | 56 | 63 |
| Depreciation of fixtures and fittings | 3,093 | 3,436 |
| Depreciation of lawn mower | 537 | 180 |
| 47,297 | 35,379 | |
| Total resources expended | 47,297 | 35,379 |
| Net income/(expenditure) | 8,944 | (1,525) |
This page does not form part of the statutory financial statements
Page 11