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|



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## 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: 

- Senior and Junior Cricket 

- Junior Football 

- - Outdoor and Carpet Bowls 

- Bingo Sessions 

- Fitness Classes 

- Art Club 

- Craft Club 

- Sugar Craft 

- Line Dancing 

- Ashington District Male Voice Choir 

- Drop-in social events 

- - Choppington Disability Group 

- Mother and Toddler Group 

- - Country and Western - Cinema Club - Computer Club - Mind Active events - Disco for differently abled - School holiday play 

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: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP: 

- make judgements and estimates that are reasonable and prudent: 

- ~ state whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue 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 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 

- (3) the accounts do not comply with the applicable accounting 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. 

| 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. 

**==> picture [280 x 36] intentionally omitted <==**

**----- Start of picture text -----**<br>
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## J Wallage FCA 

On behalf of CISWO (Trading) Ltd 

The Old Rectory 

Rectory Drive Whiston 

Rotherham South Yorkshire $60 4JG 

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## 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<br>Fmd||660,453<br>[Se||



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## 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<br>: LONG TERM LIABILITIES||||||
|Creditor falling due after more than one year|7||(1,080)||(2,700)|
|TOTAL NETASSETS|||681,925<br>[aS||660,453<br>[oh|
|FUNDS||||||
|Unrestricted Funds|||681,925<br>———||660,453<br>—aa|



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

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

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## 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 

- 4% straight line basis - 15% reducing balance basis 

## (e) Stocks 

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

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## 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|£<br>£|£<br>£|
||Bar income|41,303|6,463|
||Less:<br>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)<br>—————|(2,774)<br>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<br>[es|2,700<br>—|



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