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2020-12-31-accounts

Registered Charity No: 522124

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

TRUSTEES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

for the year ended 31 December 2020

SMITHS ACCOUNTANTS & TAX ADVISERS LTD

Chartered Accountants Alnwick Northumberland

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

CONTENTS

Page
Trustees’ Annual Report 1 - 3
Independent Examiner’s Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Unaudited Financial Statements 7 - 12

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Objectives and Activities

The continuing objective of the Charity is to provide the facility for social, recreation and sporting activities to the people of Pegswood and neighbouring towns and villages. In 2020 the membership saw no movement and stood at 101 (2019: 101)

The year started as normal with regular activities occurring however, in March the Pandemic and consequential lockdown suspended everything as we closed the Centre. There were sporadic openings but under the restrictions the activities that could be held, were limited to Education which only allowed for hire of the Halls by the two Nursery groups. The result being that for 9 months the Centre was unable to fully open for business and received emergency grants from Northumberland County Council to help maintain the building and cover overheads.

When we did open there were additional demands and resources required to ensure the health and safety of users and a grant from the Parish Council supported purchase of cleaning materials and PPE.

Recruitment of Trustees and volunteers continues through adverts in the Parish Council newsletter and our own mediums of social media and noticeboard.

Activities for the Public Benefit

The trustees can confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Centre’s charitable aims and objectives and in planning future activities. We publicise not only on our social media but also on the village Community page which has a wide audience. Ideas are encouraged to be put forward by consulting with members, users of the Centre and visitors on activities or events they wish to see.

Achievements and Performance

With the requirements for shielding a number of Trustees were unable to offer their normal input and we relied on volunteers to support activities on the occasions when we could open. Due this being sporadic and of insignificant volume there are no achievements to report other than to say with the grants given it enabled us to remain solvent and, in a position, to resume when restrictions sufficiently lifted to widen activities and events.

(1)

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Financial Review

Our restricted reserves are matched against the depreciating assets of the charity plus any non-defrayed grant funding at the end of each financial year. Our unrestricted reserves, mainly represented by our cash resources, will continue to be managed carefully on a weekby-week basis to continue support for the Centre’s various activities. A summary of charity reserves at 31 December 2020 is as follows:

Restricted Funds
Unrestricted Funds
Restricted reserves at 31 December were as follows:
Fixed assets fund
Grants received carried forward		 2020
£
26,932
13,659
_
40,591
_
26,932
-
_
26,932
_		 2019
£
38,414
10,667
_
45,481
_
34,814
-
_
34,814
_

Structure, Governance and Management

The governing document is the trust deed dated 20 December 1965 and scheme dated 16 June 1967 as amended by scheme dated 21 January 2004.

Due to ill health and the Covid-19 situation one long standing Trustee took the decision to retire and this resulted in a change of Chairmanship and Treasurer positions

(2)

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Reference and Administration Details

Charity Name Pegswood Recreation Ground and Social Welfare Centre Charity Number 522124 Principal Address Pegswood Recreation Ground and Social Welfare Centre Front Street Pegswood Northumberland NE61 6UF Board of Trustees S Lonsdale (Chair) (appointed June 2021) J Froud (Treasurer) C H Buczko (resigned) M Coulson (resigned) M Davison (resigned) C Hogg (resigned) R Stocks D Hodgson (appointed October 2021) Independent Examiner Smiths Accountants & Tax Advisers Ltd Chartered Accountants 8 Linnet Court Alnwick Northumberland NE66 2GD Bankers Barclays Bank plc Co-operative Bank plc Morpeth Branch Norfolk House Bridge Street 84-86 Grey Street Morpeth Newcastle upon Tyne Northumberland NE1 6BZ NE61 1YY

Approval

This report was approved by order of the Board of Trustees on 19[th] October 2021 and signed on its behalf by

………………………………………………… S Lonsdale

Chair of Trustees

(3)

INDEPENDENT ACCOUNTANTS REPORT TO THE TRUSTEES OF PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE FOR THE YEAR ENDED 31 DECEMBER 2020

I report to the trustees on my examination of the accounts on the accounts for the year ended 31 December 2020, which are set out on pages 5 to 12.

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 2011 Act and in carrying out my examination I have followed all the 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:

  1. accounting records were not kept in respect of the Trust 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 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.

…………………………………………………… I R Smith (ACA) Smiths Accountants & Tax Advisers Ltd Chartered Accountants 8 Linnet Court Cawledge Business Park Alnwick Northumberland NE66 2GD

19[th] October 2021

(4)

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted Restricted
Note
Funds
Income
Funds
£
£
Incoming Resources
Income and endowment from:
Donations and legacies
143
-
Charitable activities
Grants receivable
15,573
-
Refreshment sales
3,755
-
Games and entertainments
4,833
-
Sundry income
7,416
-
_ _
Total
3
31,720
-
_ _
Resources Expended
Expenditure on:
Raising funds
3,921
-
Charitable activities
24,399
7,882
Other
408
-
_ _
Total
4
28,728
7,882
_ _
Net income / (expenditure)
2,992
(7,882)
Transfers between funds
-
-
_ _
Net movement in funds
2,992
(7,882)
Reconciliation of funds
Total funds brought forward
10,667
34,814
_ _
Total funds carried forward
11
13,659
26,932
 Unrestricted Restricted
Note
Funds
Income
Funds
£
£
Incoming Resources
Income and endowment from:
Donations and legacies
143
-
Charitable activities
Grants receivable
15,573
-
Refreshment sales
3,755
-
Games and entertainments
4,833
-
Sundry income
7,416
-
_ _
Total
3
31,720
-
_ _
Resources Expended
Expenditure on:
Raising funds
3,921
-
Charitable activities
24,399
7,882
Other
408
-
_ _
Total
4
28,728
7,882
_ _
Net income / (expenditure)
2,992
(7,882)
Transfers between funds
-
-
_ _
Net movement in funds
2,992
(7,882)
Reconciliation of funds
Total funds brought forward
10,667
34,814
_ _
Total funds carried forward
11
13,659
26,932
 Unrestricted Restricted
Note
Funds
Income
Funds
£
£
Incoming Resources
Income and endowment from:
Donations and legacies
143
-
Charitable activities
Grants receivable
15,573
-
Refreshment sales
3,755
-
Games and entertainments
4,833
-
Sundry income
7,416
-
_ _
Total
3
31,720
-
_ _
Resources Expended
Expenditure on:
Raising funds
3,921
-
Charitable activities
24,399
7,882
Other
408
-
_ _
Total
4
28,728
7,882
_ _
Net income / (expenditure)
2,992
(7,882)
Transfers between funds
-
-
_ _
Net movement in funds
2,992
(7,882)
Reconciliation of funds
Total funds brought forward
10,667
34,814
_ _
Total funds carried forward
11
13,659
26,932
 2020
Total
Funds
£
143
15,573
3,755
4,833
7,416
_
31,720
 2019
Total
Funds
£
346
308
7,382
8,535
21,563
_
38,134
_
8,379
43,501
-
_
51,880
_
(13,746)
-
_
(13,746)
59,227
_
45,481
_
3,921
24,399
408
_
28,728
_
2,992
-
_
2,992
10,667
_
13,659
 _
-
7,882
-
_
7,882
_
(7,882)
-
_
(7,882)
34,814
_
26,932
 _
3,921
32.281
408
_
36,610
_
(4,890)
-
_
(4,890)
45,481
_
40.591

The statement of financial activities includes all gains and losses in the year. All incoming recourses expended derive from continuing activities.

(5)

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

BALANCE SHEET AS AT 31 DECEMBER 2020

Note
Unrestricted Restricted
Funds
Income
Funds
£
£
Fixed assets
Tangible assets
6
-
26,932
Current assets
Stocks
7
250
-
Debtors
8
3,442
-
Cash in hand and at bank
9
14,333
-
_ _
18,025
-
Creditors:Amounts falling
due within one year
10
4,366
-
_ _
Net current assets / (liabilities)
13,659
-
_ _
Total assets less current liabilities
13,659
26,932
_ _
Funds of the charity
Restricted income funds
-
26,932
Unrestricted funds
13,659
-
_ _
Total funds
11
13,659
26,932
_ _		 Note
Unrestricted Restricted
Funds
Income
Funds
£
£
Fixed assets
Tangible assets
6
-
26,932
Current assets
Stocks
7
250
-
Debtors
8
3,442
-
Cash in hand and at bank
9
14,333
-
_ _
18,025
-
Creditors:Amounts falling
due within one year
10
4,366
-
_ _
Net current assets / (liabilities)
13,659
-
_ _
Total assets less current liabilities
13,659
26,932
_ _
Funds of the charity
Restricted income funds
-
26,932
Unrestricted funds
13,659
-
_ _
Total funds
11
13,659
26,932
_ _		 Note
Unrestricted Restricted
Funds
Income
Funds
£
£
Fixed assets
Tangible assets
6
-
26,932
Current assets
Stocks
7
250
-
Debtors
8
3,442
-
Cash in hand and at bank
9
14,333
-
_ _
18,025
-
Creditors:Amounts falling
due within one year
10
4,366
-
_ _
Net current assets / (liabilities)
13,659
-
_ _
Total assets less current liabilities
13,659
26,932
_ _
Funds of the charity
Restricted income funds
-
26,932
Unrestricted funds
13,659
-
_ _
Total funds
11
13,659
26,932
_ _		 2020
Total
Funds
£
26,932
250
3,442
14,333
_
18,025
4,366
_
13,659
_
40,591
_		 2019
Total
Funds
£
34,814
921
3,732
12,044
_
16,697
6,030
_
10,667
_
45,481
_

-
13,659
_
13,659
_
26,932
-
_
26,932
_
26,932
13,659
_
40,591
_
34,814
10,667
_
45,481
_

The financial statements were approved by the Board of Trustees on 19[th] October 2021 and were signed on its behalf by:

………………………………………………… S Lonsdale

Chair of Trustees

The notes on pages 7 to 11 form part of the financial statements

(6)

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1. BASIS OF PREPARATION

The financial statements have been prepared under the historical cost convention with items recognised at cost of transaction values 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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared on the going concern basis which assumes that the Welfare Centre will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of grant funding, which the Board of Trustees is confident will continue.

Building extension - straight line over remaining lease term to 12.05.24 Building renovations - straight line over remaining lease term to 12.05.24 Furniture, fittings and equipment - straight line over remaining lease term to 12.05.24

(7)

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2 . ACCOUNTING POLICIES (continued)

(g) Taxation As a charity, Pegswood Recreation Ground and Social Welfare Centre is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to charitable objects, no tax charges have arisen on the charity.

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.

3.
ANALYSIS OF INCOME
Donations and legacies
Grants receivable
Big Lottery Fund
Pegswood Parish Council
NCC COVID19 grants
HMRC – CJRS grants
CO-OP Local Community Fund
Community Foundation
Refreshment sales
Bar and shop sales		 2020
£
143
_		 2019
£
346
_

1,711
250
11,334
2,278
-
-
_
15,573
_
3,755
_
-
-
-
-
58
250
_
308
_
7,382
_

(8)

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020
2020
3.
ANALYSIS OF INCOME (continued)
£
Games and Entertainments
Forecast pool
-
Housey
2,085
Pool and snooker table
2,238
Dominoes
320
Draws and raffles
190
_
4,833
_
Sundry Income
Members subscriptions
414
Hall rents
5,222
Other income
245
Bowls
315
Dance
884
Fundraising
336
_
7,416
_
TOTAL INCOME
31,720
_
4.
ANALYSIS OF EXPENDITURE
Raising funds
Bar and shop purchases
3,407
Games and entertainments
514
Grant deposit
-
_
3,921
_
Charitable activities
Salaries, wages and national insurance
7,026
Repairs and renewals
1,084
Repairs and renewals (restricted)
-
Heating and lighting
7,271
Glasses, bar requisites and cleaning materials
-
Rates and water
2,153
Insurances, rentals and licenses
5,026
Telephone
1,012
Printing, stationery, postage and advertising
624
Transport and catering
-
Transport and catering (restricted)
-
Sundry expenditure and donations
203
Depreciation (restricted)
7,882
_
32,281
_		 FOR THE YEAR ENDED 31 DECEMBER 2020
2020
3.
ANALYSIS OF INCOME (continued)
£
Games and Entertainments
Forecast pool
-
Housey
2,085
Pool and snooker table
2,238
Dominoes
320
Draws and raffles
190
_
4,833
_
Sundry Income
Members subscriptions
414
Hall rents
5,222
Other income
245
Bowls
315
Dance
884
Fundraising
336
_
7,416
_
TOTAL INCOME
31,720
_
4.
ANALYSIS OF EXPENDITURE
Raising funds
Bar and shop purchases
3,407
Games and entertainments
514
Grant deposit
-
_
3,921
_
Charitable activities
Salaries, wages and national insurance
7,026
Repairs and renewals
1,084
Repairs and renewals (restricted)
-
Heating and lighting
7,271
Glasses, bar requisites and cleaning materials
-
Rates and water
2,153
Insurances, rentals and licenses
5,026
Telephone
1,012
Printing, stationery, postage and advertising
624
Transport and catering
-
Transport and catering (restricted)
-
Sundry expenditure and donations
203
Depreciation (restricted)
7,882
_
32,281
_		 2019
£
118
4,172
3,212
900
133
_
8,535
_
98
15,147
593
536
4,372
817
_
21,563
_
38,134
_
5,750
2,629
-
_
8,379
_
5.742
1,265
-
9,342
-
3,466
6,591
1,349
700
-
-
126
14,920
_
43,501
_
_
414
5,222
245
315
884
336
_
7,416
_
31,720
_

3,407
514
-
_
3,921
_

7,026
1,084
-
7,271
-
2,153
5,026
1,012
624
-
-
203
7,882
_
32,281
_

(9)

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

4.
ANALYSIS OF EXPENDITURE (continued)
Other expenditure
Accountancy and independent examination
Bank charges
TOTAL EXPENDITURE		 2020
£
408
-
_
408
_
36,610
_		 2019
£
-
-
_
-
_
51,880
_

5. PAID EMPLOYEES

The average monthly number of employees during the year was one. No employee received emoluments in excess of £60,000.

6. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS TANGIBLE FIXED ASSETS TANGIBLE FIXED ASSETS
Furniture
Building & fittings &
renovationsequipment
£
£
Cost
At 1 January 2020
159,575
31,290
Additions
-
-
Disposals
-
-
_ _
At 31 December 2020
159,575
31,290
_ _
Depreciation
At 1 January 2020
127,366
28,685
Charge for the year
7,292
590
Disposals
-
-
_ _
At 31 December 2020
134,658
29,275
_ _
Net book value
At 31 December 2020
24,917
2,015
_ _
STOCKS
Bar stocks on hand		 2020
Total
£
190,865
-
-
_
190,865
_
156,051
7,882
-
_
163,933
_
26,932
_		 2019
Total
£
190,865
-
-
_
190,865
_
141,131
14,920
-
_
156,051
_
34,814
_
250
_
921
_

7. STOCKS Bar stocks on hand

(10)

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020
2020
£
8.
DEBTORS AND PREPAYMENTS
Payments in advance
2,824
Debtors
618
_
3,442
_
9.
CASH AT BANK AND IN HAND
Barclays Bank plc – community current account
3,430
Co-operative Bank plc – current account
10,355
Cash in hand
548
_
14,333
_
10.
CREDITORS AND ACCRUALS
Sundry creditors and accrued charges
4,366
_
11.
CHARITY FUNDS
Analysis of net assets between funds
Unrestricted RestrictedDesignated
Funds
Funds
Funds
£
£
£
Fund balances at 31 December 2020
are represented by:
Tangible fixed assets
-
26,932
-
Net current assets
13,659
-
-
_ _ _
Total net assets
13,659
26,932
-
_ _ _
Statement of funds
As at
Net
01.01.20
IncomeExpenditure Transfers
£
£
£
£
Restricted reserves
34,814
-
(7,882)
-
Unrestricted reserves
10,667
31,720
(28,728)
-
_ _ _ _
45,481
30,009
(36,610)
-
_ _ _ _		 2019
£
3,139
593
_
3,732
__
3,430
7,850
764
_
12,044
_
6,030
_
Total
£
26,932
13,659
_
40,591
_
As at
31.12.20
£
26,932
13,659
_
40,591
_____

(11)

PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

12. GRANT INCOME

The £1,711 Bowls Club grant received from the Big Lottery Fund, was unspent at the year end. The expenditure related to this grant will be incurred in year ending 31 December 2021.

13. TRANSACTIONS WITH TRUSTEES

No trustee received any remuneration or expenses during the year. The control of the club vests in the members, via the committee. No individual has control. There were no significant transactions with related parties.

(12)