## **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.
1
## **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.
2
## **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
3
## **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:
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.
………………………………………………………………………… P A Brown P A Brown & Company Ltd 16 Abbey Meadows Morpeth NE61 2BD
26[th] October 2022
4
## **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.
5
## **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
6
## **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.
7
## **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|
8
## **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|
9
## **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
**-**|
10
## **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|
11
## **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.
12