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← Stakeford And Bomarsund Miner's Welfare Scheme

2025-03-31-accounts

STAKEFORD AND BOMARSUND SPORTS AND SOCIAL WELFARE CENTRE (Registered Charity Number 522038)

TRUSTEES’ REPORT AND FINANCIAL ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

STAKEFORD AND BOMARSUND SPORTS AND SOCIAL WELFARE CENTRE YEAR ENDED 31 MARCH 2025

INDEX

Contents Page
Legal and Administrative Details 1
Trustees’ Report 2-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
NotestotheAccounts 8-10

STAKEFORD AND BOMARSUND SPORTS AND SOCIAL WELFARE CENTRE

LEGAL AND ADMINISTRATIVE DETAILS

CHARITY REGISTRATION NUMBER - §22038
TRUSTEES - J Foster
L Moffat
R Monaghan
J MacDonald
G Huntley
J Dunn
P Vaughan
H Allsopp
A Breeze
M Murphy
D Davison (Appointed 30/7/2024)
J Crichton (Appointed 11/6/2025)
SECRETARY /TREASURER - D Nicholson
SCHEMEADDRESS - East View
Stakeford
Choppington
NE62 5UD
BANKERS - Co-operative Bank pic
Olympic House
6 Olympic Court
Montford Street
Salford
Manchester
M5 2QP
INDEPENDENT EXAMINER - J Wallage FCA
CISWO (Trading) Ltd
The Old Rectory
Rectory Drive
Whiston
Rotherham
$604JG

4

STAKEFORD AND BOMARSUND SPORTS AND 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 8.

Constitution and Objects

The charity is constituted 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 2004. It was registered with the Charity Commission on 4 August 1964 under the number 522038. The main object of the charity is to provide a social welfare centre for the benefit of those who live in the surrounding area, with facilities for recreation (including physical exercise) or other leisure time occupation to improve the conditions of life for those inhabitants, particularly (but not exclusively) those who are members of the mining community.

The trustees have referred to the guidance given by the Charity Commission on public benefit when reviewing the charity's aims and objectives and details of the activities that have taken place during the year can be found later in this report.

Organisational Structure

The trustees who have served the charity during the year are shown on page 1.

The charity is responsible for maintaining the premises and its contents and grounds in a suitable state of repair for use by those who live in the surrounding area. It raises income through various charitable activities, the main one being the hiring out of its facilities to the general public.

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, Trade Union or members. The trustee board is made up of equal numbers of each nominating body.

Financial Review

The charity had net incoming resources of £21,472 for the year as opposed to £12,237 outgoing in the previous year. The trustees are pleased with this increase as they have been working hard to reverse the previous downward trend. The centre is now fully operational and hopefully back to normal after a few years of uncertainty following the pandemic

Investment Policy

There is no specific investment policy in place as such as the charity does not have sufficient funds at this time to consider investment of any sort. The trustees will continue to monitor this situation and make relevant decisions as necessary.

Continued...

2

STAKEFORD AND BOMARSUND SPORTS AND SOCIAL WELFARE CENTRE

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Reserves Policy

It is the policy of the trustees to maintain unrestricted funds which are the free reserves of the charity at a level to provide sufficient funds to cover anticipated administration and support costs for a period 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 charity faces and regularly reviews those risks to mitigate against any impact that may have on the charity. The major risks facing the charity are the continued 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 member to address these risks.

Review of Activities

The Centre is home for many local community groups providing a range of sports and social activities for all ages. It has a strong membership base and a number of experienced and committed volunteers and it is due to these people that the charity can offer such a full and varied programme including:

The charity continues to work in partnership with Choppington Parish council extending opportunities for younger and older people. The Centre has been recognised as the sports hub for the wider area, providing sports and facility management at two satellite locations. It is also registered as a “Safe Crime Reporting Centre" and a Food Bank collection point.

Continued...

3

STAKEFORD AND BOMARSUND SPORTS AND SOCIAL WELFARE CENTRE

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Statement of Trustees Responsibilities

Law applicable to charities in England and Wales requires 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 charity for that period. In preparing those financial statements, the trustees are required to:

The trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed “Trustee

Print Name - Trustee

Aides... Date

4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STAKEFORD AND BOMARSUND SPORTS AND SOCIAL WELFARE CENTRE

| report to the Trustees on my examination of the accounts of the above named charity (registered no. §22038) for the year ended 31 March 2025 which are set out on pages 6 to 10.

Responsibilities and basis of report

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).

| 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 | have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 20171 Act.

independent Examiner's Statement

| have completed my examination. | 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

| 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.

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J Wallage FCA

On behalf of CISWO (Trading) Ltd

The Old Rectory

Rectory Drive Whiston

Rotherham South Yorkshire $60 4JG

5

STAKEFORD AND BOMARSUND SPORTS AND SOCIAL WELFARE CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Note £ £
Income and Endowments
Funds generated from commercial operations 2 19,260 12,827
Members subscriptions 1,552 2,857
Room hire 13,069 8,358
Office Rental 15,000 9,707
Income from activities 14,623 7,646
Grants Received 12,500 6,000
Donations Received 25,000 5,000
Other sundryincome 6,854 3,516
TOTALINCOME "407,858 «55,911
Less: Costofgeneratingfunds from commercial operations 2 (23,920) (15,601)
Netincome available for charitable application 83,938 40,310
Expenditure
Direct Charitable Expenditure
Wages including on costs 23,657 24,580
Utilities 13,080 10,785
Ground rent 107 107
Insurance 4,478 4,252
Holiday Activities & Trips 2,311 2,177
Repairs and maintenance 9,093 3,578
Cleaning and hygiene 2,769 1,808
Sundry Expenses 2,936 1,217
Depreciation 3 1,656 1,735
60,087 50,239
Governance costs
Legal and professional 1,635 1,636
Accountancy 744 672
TOTAL CHARITABLE EXPENDITURE 62,466 52,547
Total Expenditure 86,386 ° 68,148 .
NetMovement in Funds 21,472 (12,237)
Fund balances brought forward 660,453 672,690
Fund balances carried forward 681,925
Fmd		 660,453
[Se

6

STAKEFORD AND BOMARSUND SPORTS AND SOCIAL WELFARE CENTRE

BALANCE SHEET AS AT 31 MARCH 2025

Note 2025 2024
£ £ £ £
FIXED ASSETS
Tangible fixed assets 3 668,579 670,235
CURRENT ASSETS
Stocks 4 776 113
Debtors and prepayments 5 9,602 4,972
Cash at bank and in hand 20,397 19,983
30,775 25,068
LESS: CURRENT LIABILITIES
Creditors falling due within one year 6 (16,349) (32,150)
NetCurrentAssets 14,426 (7,082)
TOTALASSETS LESS CURRENT LIABILITIES 683,005 663,153
LESS
: LONG TERM LIABILITIES
Creditor falling due after more than one year 7 (1,080) (2,700)
TOTAL NETASSETS 681,925
[aS		 660,453
[oh
FUNDS
Unrestricted Funds 681,925
———		 660,453
—aa

Approved by the Trustees on cal 2\as_ ..... and signed on their behalf by:

‘ Fa - x Signed[-] .[Tru] SS CornNE Print=.Name -CeresTrustee

7

STAKEFORD AND BOMARSUND SPORTS AND SOCIAL WELFARE CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

(a) Basis of preparation and assessment of going concern

The financial statements have been prepared under the historical cost convention unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102) 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 that the Trust has adequate reserves to continue in operational existence for the foreseeable future. Accordingly the trustees continue to adopt the going concern basis in the preparation of its 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 reliably.

Donations are recognised when they are received.

(c} Expenditure Recognition

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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.

(d) Tangible Fixed Assets

It is the policy of the trustees to maintain the charity's freehold property in a continuing state of reasonable repair and they consider that in view of the expected residual value it is not necessary to provide for depreciation of the land and buildings.

Other tangible fixed assets are depreciated at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life at the following annual rates:

Multi Use Games Area Furniture, equipment and fittings

(e) Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowances for slow moving and obsolete stocks.

8

STAKEFORD AND BOMARSUND SPORTS AND SOCIAL WELFARE CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)

2025 2024
2. TRADING ACCOUNT £
£		 £
£
Bar income 41,303 6,463
Less:
Costof Sales
Opening stock 113 445
Bar purchases net ofdiscount 6,905 3,600
7,018 4,045
Less: Closing stock (776) (173)
(6,242) (3,932)
GROSS PROFIT 5,061 2,531
Other income
Bingo 2,695 4,990
Snooker 5,262 4,374
7,957 6,364
Less: Expenditure
Wages including on costs 5,504 3,569
Bar and entertainment licences 594 481
Utilities 5,606 4,622
Cleaning and hygiene 1,187 775
Printing, postage and stationery 890 664
Repairs and maintenance 3,897 1,533
Travel Expenses - 25
(17,678) (11,669)
NET LOSSON TRADING (4,560)
—————		 (2,774)
a

i}

STAKEFORD AND BOMARSUND SPORTS AND SOCIAL WELFARE CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)

Brought Additions Depreciation Carried
3. TANGIBLE FIXEDASSETS Forward in year Charge Forward
(At NetBook Value) £ £ £ £
Construction and adaption ofbuilding 104,297 - - 404,297
Fencing 11,379 - - 11,379
Refurbishment project 523,519 - - §23,519
Levelling and laying ofgrounds 1,622 - - 1,622
Multi Use Games Area 26,394 - (1,202) 25,192
Furniture, equipmentand fittings 3,024 - (454) 2,570
At31 March2025 670,235 - (1,656) 668,579
2025 2024
£ £
4, STOCKS
Bar stocks for resale 776 113
—— —
§. DEBTORS
Trade debtors : 1,123 1,058
Prepayments and accrued income 8,479 3,914
“9602 4972
= =a
6. CREDITORS: Amounts falling due within one year
Accruals 3,729 5,230
Loan - NEAMSWTF 1,620 1,620
Other Creditors 11,000 25,300
16,349 32,150
a =o
7. CREDITORS: Amounts falling due aftermore than one year
Loan - NEAMSWTF 1,080
[es		 2,700
—

10