STAKEF RD ND BOMARSUND SPORTS AND SOCIAL W LFARE CENT Ch Numb6r 522038 TR EPORT AND FI ANCIAL ACC UN FOR THE YEA 31 MARCH 024
AK FOR UND SPORTS AND S MAR YEAR EN RCH 2024 LFARE CENTRE nte Legal and Adminislrauve Delalls Trustees, Report Independent Examine¢s Report staterneni ol FinanGial Activilias Balance Sheet -10 Note5 lo the Accounts
TA EFOR AND BOMARSUP4D SPO TS AND SOCIAL NTRE LEGA ADMI TRATIVE OETAIL CHARITY REGISTRATION IIUMBER 522038 TRUSTEES J Fosl&r L Moffal R Monaghan J MacDonald G HLrnUey J Dltnn P Vaughan (Appointed 2216120231 H Allsopp (Appointed 261612Q231 A BTrete (Appointed 25nR023) M Murphy (Appointed 3113120241 SECRETARY I TREASURER D Nicholson SCHEME ADDRESS East View Slakeford Choppington NE82 SUD BANKERS coperative Bank plc Otympic House 6 Olympic Court Moniford Street Salford Manchesler M5 2QP INDEPENDENT EXAMINER J Wallage FCA CISWO (Trading) Ltd The Old Rectory Rectory Drive Whislon Ro¢hertM S80 4JG
ST ARSU O SPORTS AND S ci FA E CENTRE REPORT OF THE TRUSTE FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their report along w¢lh the financial statements of the tharity for the year ended 31 Mafch 2024. The financial slalemenls have been prepared in accordance with Ihe accounting policies sel out in Note 1 to the a¢¢ounls which Can be round on page 8. Con$lltuUon and Obfrcts The charily is constiluled by a Conveyance dated 1 July 1924, Leases dated 21 April 1926 and 14 November 1963 and a Scheme of 15 June 1965 as amended by a Scheme dated 1 April 2i¥M. 11 was r¢gi$lered with the Charity Comrnission on 4 August 1964 undei the number $22038. The main 014.ed of the charity is lo prDvide a socsal welfare cenlre for the benefit of those vtho live in the surrounding area, with lacililles for fecreation (including physical 6xer¢isel or other lei$uTe lime oc¢upaUon trj improve the conditions of life for those inhabilarsls, particularly Ibul not exclusively) those who are member5 Of the commurnily. The trustees have referred to the guidznce given by the Charity CommissioT) on public benefit when reviewin9 the charills aims alld objedives and details of the activtties that have taken place during the year can be found later in this report. Organisational Structure The Iruslee$ who have servod tho charily during the year ale showrÈ on page 1. The charily is responsible for maintaining the premises and ils contents and grounds in a suitable stale of repair lor use by those who live in the surrounding area. 11 raises inconie through various charitable acllvities, the main one bein9 the hirtng out of ils fa¢slilies lo the genefal public. Tw51ee vacancies are advertised and inleiesled parties are asked lo apply in willing. lfilerviews will be held and suitable candidates are Ihell notified to their nominating body being either CISWO, Trade Union or tnembw5. Tho trustee board is made up ol equal numbers of each 1MInating body. Flnan¢l•l RgViOW The charity had nel outgoing resources of £12,237 for thè year as opp¥)sed to £1 1,898 outgoing in the pVIOUS year and the Iruslees are working hartt to try lo reverse this dowrward trend. Now that the Centre has reopened after being closed for some lime due lo the global COVID 19 paftd9mi¢. the Iruslees hope that activrtias will wntinue lo return lo nomial. However, they accept that Ihere Is still some reluctance towards swialisation among rtain sections ol the community and until things have fully sellled down Ihey will proceed with ¢aulion and delay any improvements they wish lo make foi Ihe foreseeable lulure. InY8stment Policy The is no specific investment poliry in place as such 33 the charity does not have suffiaenl funds al this lime lo conSer investment of any sort. The liuslees will Gonlinue lo monitor Ihis situalion and make relevant decisions as necessary. Continued...
TA OR D SPORTS A IA LFA TRE REPORT OF ThE TRUSTEES FOR THE YEA END CONTIN ED RCH 2024 Ro94rvo8 Poll¢y It IS Ihe poliw ol the Iruslee8 lo maintain unreslricled fvnds which are the free reserves of the ¢haTIty al a level lo provide Sufficient funds to cover anlicipaled administralion and support costs for a perfod 0112 months. Any additional re¥erves are held lo provlde a capi181 fund for repalrs Ihal will be requiroij lor the upkeep of th8 premi$e8. Rl$k Managomont The Iruslees are aware of the op8ralional and financl81 risk8 whlch the ¢h8rity faces and regUlaY reviews those risks to miugate against any impacl that may have on the charity. The major risks facing Ihe charity a the continued support ol indlvlduals and Ihe communty in using the facililles and the tnlitsduclion of the younger generaliDn provlde for the futurg. The Trustees work closety with the mombers lo address those risks. Revlew of A¢tlYitles The Centre is home for many local ¢omn7unity groups providing a range of sports and swal aclivilies for all ages. It has a slrung membership base and a number of expetienced and MMItted volunteers and it is due lo these people that the ¢harity can offer such a full and varied programme induding.. Senlor and Junior Cricket Junior Football Outdoor and CaTpet Bowls 8lngo Sessions Fitness Classes Artclub Craft Club Sugar Craft Line Danclng Ashington District Male Voice ch.[ Dropin sodal events Choppinglon Disabilty GfOUP Mother and Toddler Group Country and We51ern Cinema Club Computer Club Mind ktive events Dlsco for dIffentlY abled School hollday play The chadty continues to work in partnershlp wrth Choppinglon Parish council ext9nding QPPOrttsnstiès fof younger and oldeT people. The Centre has been recognised as the sporfs hub Iof the wider area. providing sport8 and facility management al tsvo salelllle locations. It is also registèred as a "Safe Crfme Reports'ng Centre" an¢J a Food 8ank collection point. Continued...
STAKEFORO AND BO NO WELFARE CENTRE RE RY OF THE TRUSTEES CONTINUED FOR THE Y AR ENDED 1 MARC st4twnont of Trustees R69pgn$lbllltles Law applicable to charities In England and Wales requires th$ Irusteos lo prepare financial staternenls for each fy'nan¢ial year thich give a Iwe and fair view of the eharity and of the incoming resour$ and application of re$oLtrces ol Ihe charily lor ihal pertod. In pieparing those linanual statements, the trustees are required lo". select 5uilable accounb'ng poliaes and then aPY them con51Stenlly', otr>serve Ihe rnethods and principles In the Charities SORP., make iudgemenls and e$tsrnales that are reasonable and ptudenl", slate ther applicable accounting standards have been 1011045Ed subject to any material d8parture5 disclosed and explaingd in Ihe financial statements., Prepa the financial statements on thg going concern basis unless il is inappropriate to presume that the charity wtll continue in operat)n. The Iruslees are also responsible f¢x keepill9 proper accDunts'ng records which disclos& wth reasonable a¢cura¢y at any tsme the financial position ol the charity ¥thieh enable them lo ensure that the financial statemen15 cornply wilh the Charities Act 2011. They are also sponsible lor safeguarding the assets ol the ¢harity and hence lor taking reasonable steps foi ihe prevention and detection ol fraud and othei irregulanties. T.iALiÉ TC Signed ruste Print Name - Trustee Date
Ml BOMARS R'S RE TTOTHET ND SPORTS AND SOCI L WELFARE CENTRE TA EFORD AN I report lo the Trustees on my exarnlnatlon ol the accounts ol the above named chafity Iregislered no. 5220381 for the year ended 32 Marth 2024 which aro sel out on pages 6 10 10. Res onsibllit- and ba isofr A5 the challty trustees you are responsible for the proparatson ol the accounts in accoidance with the uiremenls ol tho Charities Act 2011 Ilhe ACLI. I feport in respect of my examination ol the Trustees. a¢unt5 Carried out under Secr 145 01 the 2011 Act and in carrying out my ex?minalion I have followed all the applicable directions given by the Charity Comrnission under section 145151{bl of the 2011 Act. Ind¢ ndent Examiner's Statemen I have completed my examination. l ¢onfim ihat ng malwial matters have come to my attenuon in cor*nection wlh the examinatson giving me cause lo belie that in any malorial respect.. 111 accountin9 records not kept in respect ol the Charity a5 required by $8cb"on 130 of the Act.. or 121 the a¢o)un15 du not accord 1th those r8¢ords,' or 131 the accounts do ntst cofflpty wth the applicable accounting requirements concerning the fom and content of accounts set out in the Charities (Accounts and Report51 Regulatton$ 2008 other than any requiremenl that the a¢¢oLints give a'true and fair view, which is not a mattel considered as part ol an independent exarninalion. I have no corK¢ms ond have come acros5 no other matters in connection wlh the examinatiM lo vknich attention should be drawn in this report in order lo enatjle a proper understanding of the accounts lo be reached. abJiil.2w... J Wallage FCA On behalf ol CISWO ra¢jingl Ltd The Old Rectory Redory Drive Whiston Rolherham South Yothshire S60 4JG Dale
STAKEFORD ANO BOMARSUND PORTS AND SOCIAL WELFARE CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2023 2024 Restat•dl Not• In¢om? and Endowments Funds generated from commercial operations Members subscriptions Room hire Office Rental Income from aclivilies Grants Re1Ve Donations ReceNed Other sundry income 12,827 2,857 8,358 9,707 7,646 6,000 5.01 3,516 15.278 1.803 t6,111 9,707 7,072 6,589 TOTAL INCOME 55.911 Less.. Cost of generating funds from mmercial operallons 115,601) 117,705} Net income a¥ailablg for charftable appllcatlon 40.310 38.855 Ex endlture Direct Charitable Ex endilure Wage5 Including on costs 24,580 10,785 107 4,252 2,177 4.795 1,808 1.735 22,549 12,543 109 3,997 Ground renl Insurance Holiday Aclivilie5 & Trips Mainlenan¢e and $Ltndries Cleanin9 and hyyiene Depreciation Telephone 6,204 1.578 1.830 157 SO,239 48.7 Gov Legal and professional Accountancy rnan Is 1,636 672 1,140 646 TOTAL GHARITABLE EXPENDITURE 52,547 50,753 Total Expendlturè 68.148 68.458 Net Movement in Fund5 112.2371 {11,8981 Prior Yeaf Adjuslmenl Fund balances brought foard 672,690 678,588 Fund balancos Garrled for*anl 660.453 672,690
STAKEFORD A RSU DSPO ND ELF NT aALAN SHEEf A AT 31 MARCH 20 023 la8 restated) 2024 D ASSErs Tangible fIX ass¢l$ 870,235 671,970 CURRENT ASSETS Stocks Debtors and prepayments Cash al bank and in hand 113 4,972 19,983 445 11.794 11,098 25,Q68 23,337 LE S.. CURRENT LIA31LITIES Creolilors falling due wthin one yèar 132.1501 118,2971 Net Current Assets 17,0821 5,040 TOTAL ASSETS LESS CURRENT LIABIUTIES 663.153 677,010 LESS .' LONG TERM LIABILITIES Creditor falliThJ due after more than one year 12,71i01 14,3201 TOTAL NEf ASSETS 660,453 672,690 Unrestricted Funds 660.453 672,e Approved by the Trustees on .. . and signed on V)eir behalf by.. Signe Trustee Pnnl Name- Trustee
TAKEF ND RSUN SPOR TS AND SOCIAL WELFAR NTR TES TO THE ACCOUNTS FOR THE YEAR Etr4D D 31 IR¢ 2024 NTIN CIE lal 8asls of prèparatlon and assèssmènt ol golng ¢on¢¢rn The linanciol statements have been prepared vndew the historical cost convèntion unless otherwse statèd in the relevant notes to these accoun15. The financial slalemenls have been prepared in aGGordanGe w*lh the Slalemenl ol Recommended Piactice. A¢counlin9 and Reporting by Charities IFRS 1021 and the Charities Act 2011. The Iruslee5 consider Ihat there are no matsrial uncertainties about the Trusfs abil((y to ntifte as a going c¢)ncem. The trustee5 have a reasonable expeclalion that the Trust has adequate Teserves to continue in operalional existence for the loreseeable lulur8 Accordingly the trustees continue lo adopt the going concern basis in the preparalion ol its accounts. Ib) Income Recognitlon Income is recogni$ed once Ime Charity has enlitlemenl to the income. It is probabte that the income %MII be r1Ved and the amounl ol income receivable can be measured reliably. Donations are recognised when they are received. (cl Exp•ndltur# R•¢ognltion Liabilities are recognised as expenditure as soon as there is a leual or constructive obligation commiiting the ¢harity lo that expenditure, il 18 probable that settlefflenl wll be required and the amount of the obligation can be measured rdi8bly. Atl expenditure is accounted lor an arcruals basis. Idl Tanglble FIX A¥$ets Tangible fixed assets we depreciated at rates calculatetl to WTiie off the cost Eess estimated r85idual v81ue of each asset over rts expected useful Ille al the followng annual rates.. ConSlrLtion and adaption ol building Fencing Rehjrbishmenl project Levelling and laying ol grounds Mulli Use Games Area Fumsture. equipment and fittings Not depreuated Not depreciated Not depferialed Not depciated 4% strajght line basis 15% reducing balan b8$18 le) Sto¢ks Stocks are valued at Ihe lower of co81 anrl nel re81isatle value after making due allovffjn¢8s lor slow moving and obsc4ete stocks.
T AKEF RD AND PAARSVND SPORT AN ci WELFARE CENTRE NOTES TO THE ACCOUNTS FOR THE AR ENDED 31 MARCH 2024 IN 20 2. TR AC 8ar income 6,483 8,183 Less. Ctssl ol Sales Opening stock Bar Pufchases nel of Qiscounl 445 3,8L 948 4,126 4,045 11131 5,074 14451 Less.. Closing Stock 13,9321 14,6291 GROSS PROFIT 2,531 her in 6ingo Sn¢)oker 2.3Q6 4,8Dg 4,374 6,364 7.115 nditure Wages including on c051s 8ar and entertainment licences 3.569 481 4,822 775 664 3,472 511 5,547 676 714 87 2.089 Cleaning and hygiene Printsng, postage and slalionery Telephone Repairs and maintenance Travel Expenses 1.533 25 111,6691 113.0761 NET LOSS ON TFIADING 12.7741 12,4271
MARSUND PORTS AND SOCIAL WELFAR NOTES TO THE ACCOUNTS FOR TH YEAR ENDED 31 MARCH 2024 NTIN NT 8rou Itlo r&¢lation Char Carrled rw¥rd 3. TANGIBLE FIXED ASSETS (At Plet Book Valug) in Construction and adaption ol building Fenong Refuibishmenl project Levelling and laying ol grounds Multi Use Games Area Furniluie, equipment and fitting5 104,297 11,379 523.519 7.622 27,596 3,S57 104.297 17,379 S23,519 1,622 26,394 3.024 11.2021 {5331 At 31 March 2023 671,970 1,735 670.235 2023 lab Rostaledl 4. STOCKS 8ar stocks for resale 113 445 S. DEBTORS Trade debtors Prwaymonts 1.058 3.914 8,572 3.222 4,972 11,794 6. CR OR mounts fallin du Inon Accruals Loan- NEAMswfF Other Creditors 5,230 1.620 25,31X) 3,677 1,620 13,000 32,150 18,297 7. CREDITORS- Amounts fallln du¢ after more than one Loan- NEAMSWTF 2,7CX) 4.320 ENT During the yeai it has come to light that income Ir&aled as an unspent grant since 2020 was actually an amount paid lo reimburse the welfare Iof an Invoice paid by the welfare on l)ehall of the cricket dub To correct this the 2023 figures have been restated by an amount ol E6,OtM). 10