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 2021
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
TRUSTEES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
P A BROWN & COMPANY LTD
16 ABBEY MEADOWS MORPETH NE61 2BD
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 2021
Objectives and Activities
The charities’ objective is to provide social, recreation and actives for the people of Pegswood and surrounding areas. As Pegswood is expanding with new estates hopefully this will increase the welfares membership. In 2021 the membership increased to 120 (2020: 101).
We have a variety of 20 activities which includes a monthly dinner provided by the welfare.
Residents of Pegswood also ask us to help them with form filling and phone calls.
We welcome all kinds of parties (including a children’s bouncy castle). Funeral teas are also catered for.
New events will hopefully be starting soon. ‘Pals Together’ is one event we are looking at.
Activities for the Public Benefit
Trustees have adhered to the Charity Commissions guidance on public benefit when reviewing the centres charitable aims and objectives and planning future activities.
We advertise our events on Facebook as well as other platforms.
Achievements and Performance
Due to Covid and the closure of the welfare attendance was down on previous years.
Activities are picking up and more members are attending the events.
The trustees and volunteers work continuously to keep the welfare working.
We continue to provide a platform for social interaction of the local community which local people benefit from through all our events.
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
Financial Review
Our restricted reserves are matched against the depreciating assets of the charity plus any nondefrayed 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 week-by-week basis to continue support for the Centre’s various activities. A summary of charity reserves at 31 December 2021 is as follows:
| Restricted Funds Unrestricted Funds Restricted reserves at 31 December were as follows: Fixed assets fund Grants received carried forward |
2021 £ 19,050 15,789 34,839 19,050 - 19,050 |
2020 £ 26,932 13,659 |
|---|---|---|
| 40,591 | ||
| 26,932 - |
||
| 26,932 |
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.
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
Reference and Administration Details
| eference 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 | T Jones (Chair) – appointed 5th December 2021 |
| J Hunter (Trustee) – appointed 29thApril 2022 | |
| M Carruthers (Trustee) – appointed 12thJanuary 2022 | |
| J Froud (Trustee) | |
| R Stocks (Trustee) | |
| Independent Examiner | P A Brown & Company Ltd |
| 16 Abbey Meadows | |
| Morpeth | |
| NE61 2BD | |
| Bankers | Barclays Bank plc |
| Morpeth Branch | |
| Bridge Street | |
| Morpeth | |
| Northumberland | |
| NE61 1YY | |
| Co-operative Bank plc | |
| Norfolk House | |
| 84-86 Grey Street | |
| Newcastle upon Tyne | |
| NE1 6BZ |
Approval
This report was approved by order of the Board of Trustees on 26[th] October 2022 and signed on its behalf by
………………………………………………………………………… T Jones Chair of Trustees
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INDEPENDENT ACCOUNTANTS REPORT TO THE TRUSTEES OF PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE FOR THE YEAR ENDED 31 DECEMBER 2021
I report to the trustees on my examination of the accounts on the accounts for the year ended 31 December 2021, 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 my 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:
-
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.
………………………………………………………………………… P A Brown P A Brown & Company Ltd 16 Abbey Meadows Morpeth NE61 2BD
26[th] October 2022
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Note Unrestricted Funds £ Incoming Resources Income and endowment from: Donations and legacies 332 Charitable activities Grants receivable 22,089 Refreshment sales 3,197 Games and entertainment 4,074 Sundry income 8,466 Total 3 38,158 Resources Expended Expenditure on: Raising funds - Charitable activities 35,428 Other 600 Total 4 36,028 Net income / (expenditure) 2,130 Transfers between funds - Net movement in funds 2,130 Reconciliation of funds Total funds brought forward 13,659 Total funds carried forward 11 15,789 |
Restricted Income Funds £ - - - - - - - 7,882 - 7,882 (7,882) - (7,882) 26,932 19,050 |
2021 Total Funds £ 332 22,089 3,197 4,074 8,466 38,158 - 43,310 600 43,910 (5,752) - (5,752) 40,591 34,839 |
2020 Total Funds £ 143 15,573 3,755 4,833 7,416 |
|---|---|---|---|
| 31,720 | |||
| 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 resources expended derive from continuing activities.
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
BALANCE SHEET AS AT 31 DECEMBER 2021
| Note Unrestricted Funds £ Fixed assets Tangible assets 6 - Current assets Stocks 7 - Debtors 8 - Cash in hand and at bank 9 17,494 17,494 Creditors: Amounts falling due within one year 10 1,705 Net current assets/ (liabilities) 15,789 Total assets less current liabilities 15,789 Funds of the charity Restricted income funds - Unrestricted funds 15,789 Total funds 11 15,789 |
Restricted Income Funds £ 19,050 - - - - - - 19,050 19,050 - 19,050 |
2021 Total Funds £ 19,050 - - 17,494 17,494 1,705 15,789 34,839 19,050 15,789 34,839 |
2020 Total Funds £ 26,932 250 3,442 14,333 |
|---|---|---|---|
| 18,025 4,366 |
|||
| 13,659 | |||
| 40,591 | |||
| 26,932 13,659 |
|||
| 40,591 |
The financial statements were approved by order of the Board of Trustees on 26[th] October 2022 and signed on its behalf by:
…………………………………………………………………………
T Jones Chair of Trustees
The notes on page 7 to 11 form part of the financial statements
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1. BASIS OF PREPARATION
- (a) Basis of accounting
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.
2. ACCOUNTING POLICIES
- (a) 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.
- (b) 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 costs 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.
- (c) Depreciation
Depreciation is provided by the Welfare Centre to write off the cost of tangible fixed assets by equal annual installments over their estimated useful life as follows:-
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
- (d) Stocks
Stocks have been valued at cost by the trustees of the Welfare Centre.
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
3. ACCOUNTING POLICIES (continued)
- (e) Support costs
Support costs represent the cost of running the charity’s premises and general cost incurred in carrying out the charitable objectives of the charity.
- (f) Management and administration expenditure
Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activity.
- (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.
- (h) 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.
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 |
2021 £ 332 - - 19,279 2,810 - - 22,089 3,197 |
2020 £ 143 |
|---|---|---|
| 1,711 250 11,334 2,278 - - |
||
| 15,573 | ||
| 3,755 |
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
| 3. ANALYSIS OF INCOME (continued) Games and Entertainments Bingo Housey Pool and snooker table Dominoes Draws and raffles Sundry income Members subscriptions Hall rents Other income Bowls Dance Adventure babies Fundraising TOTAL INCOME 4. ANALYSIS OF EXPENDITURE Raising funds Bar and shop purchases Games and entertainments Grant deposit Charitable activities Salaries, wages and national insurance Repairs and renewals Repairs and renewals (restricted) Heating and lighting Rates and water |
2021 £ 396 1,994 1,122 284 278 4,074 500 3,288 450 419 3,251 558 - 8,466 38,158 2,656 180 - 2,836 6,948 7,816 - 7,046 2,310 |
2020 £ - 2,085 2,238 320 190 |
|---|---|---|
| 4,833 | ||
| 414 5,222 245 315 884 - 336 |
||
| 7,416 | ||
| 31,720 | ||
| 3,407 514 - |
||
| 3,921 | ||
| 7,026 1,084 - 7,271 2,153 |
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
| 4. ANALYSIS OF EXPENDITURE (continued) Insurances, rentals and licenses Telephone Printing, stationery, postage and advertising Transport and catering Transport and catering (restricted) Sundry expenditure and donations Depreciation (restricted) Other Expenditure Accountancy and independent examination Bank charges TOTAL EXPENDITURE |
2021 £ 5,946 994 137 - - 1,395 7,882 40,474 600 - 600 43,910 |
2020 £ 5,026 1,012 624 - - 203 7,882 |
|---|---|---|
| 32,281 | ||
| 408 - |
||
| 408 | ||
| 36,610 |
5. PAID EMPLOYEES
The average monthly number of employees during the year was two. No employee received emoluments in excess of £60,000.
| 6. TANGIBLE FIXED ASSETS Cost At 1 January 2021 Additions Disposals At 31 December 2021 Depreciation At 1 January 2021 Charge for the year Disposals |
Building & renovations £ 159,575 - - 159,575 134,658 7,292 - |
Furniture fittings & equipment £ 31,290 - - 31,290 29,275 590 - |
2021 Total £ 190,865 - - 190,865 163,933 7,882 - |
2020 Total £ 190,865 - - |
|---|---|---|---|---|
| 190,865 | ||||
| 156,051 7,882 - |
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
| 6. TANGIBLE FIXED ASSETS (continued) Building & renovations £ At 31 December 2021 141,950 Net book value At 31 December 2021 17,625 7. STOCKS Bar stocks on hand 8. DEBTORS AND PREPAYMENTS Payments in advance Debtors 9. CASH AT BANK AND IN HAND Barclays Bank plc - community current account Co-operative Bank plc - current account Cash in hand 10. CREDITORS AND ACCRUALS Sundry creditors and accrued charges |
Furniture fittings & equipment £ 29,865 1,425 |
2021 Total £ 171,815 19,050 - - - - 3,680 13,514 300 17,494 1,705 |
2020 Total £ |
|---|---|---|---|
| 163,933 | |||
| 26,932 | |||
| 250 | |||
| 2,824 618 |
|||
| 3,442 | |||
| 3,430 10,355 548 |
|||
| 14,333 | |||
| 4,366 |
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
11. CHARITY FUNDS
Analysis of net assets between funds
| Fund Balances at 31 December 2021 are represented by: Tangible fixed assets Net current assets Total net assets Statement of funds As at 01.01.21 £ Restricted reserves 26,932 Unrestricted reserves 13,659 40,591 |
Unrestricted Funds £ - 15,789 15,789 Income £ - 38,158 38,158 |
Restricted Funds £ 19,050 - 19,050 Expenditure £ (7,882) (36,028) (43,910) |
Designated Funds £ - - - Net Transfers £ - - - |
Total £ 19,050 15,789 |
|---|---|---|---|---|
| 34,839 | ||||
| As at 31.12.21 £ 19,050 15,789 |
||||
| 34,839 |
12. 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.
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