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 2022
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
TRUSTEES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022
Objectives and Activities
The Charities Objectives is to provide social recreation and activities for the people of Pegswood and surrounding areas.
Activities now number around 20 but we have had interest in new ones starting.
The lunch club which is provided by the welfare is proving very popular and we now have 2 lunches per month.
Residents of Pegswood will often call into the welfare for help with form filling and with making phone calls for appointments.
The welfare has started events for children like Easter party’s and we hope to have more events including play days in the school holidays.
We have been given donations of games and toys from the public for the children to enjoy.
We are trying to start new activities and events with ideas from the members.
We have a strong following from Northern Soul Nights, which is very popular these run every Thursday.
In 2022 the membership decreased to 105 (2021: 120).
Activities for Public Benefit
Trustees have adhered to the Charity Commissions Guidance on public benefit. We’re reviewing the Centre charitable aims and objectives and planning future activities.
Events are advertised on social media, notice boards, and word of mouth.
Membership is 105 but we’re hoping to increase this with 2 new housing estates been built.
Achievements and Performance
The trustees and volunteers work continuously to keep the welfare working.
Activities are picking up and more members are now attending these events.
We are continuing to provide a platform for social interaction in the local community and surrounding areas which people benefit from through all our events.
Structure, Governance and Management
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 2022
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 2022 is as follows:
| Restricted Funds Unrestricted Funds Restricted reserves at 31 December were as follows: Fixed assets fund Grants received carried forward |
2022 £ 13,069 12,035 25,104 13,069 - 13,069 |
2021 £ 19,050 15,789 |
|---|---|---|
| 34,839 | ||
| 19,050 - |
||
| 19,050 |
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 2022
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 | 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) | |
| P Morano (Trustee) – appointed 20thMarch 2023 | |
| 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 30[th] June 2023 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 2022
I report to the trustees on my examination of the accounts on the accounts for the year ended 31 December 2022, 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
30[th] June 2023
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Note Unrestricted Funds £ Incoming Resources Income and endowment from: Donations and legacies 211 Charitable activities: Grants receivable 3,842 Refreshment sales 9,445 Games and entertainment 10,430 Sundry income 12,885 Total 3 36,813 Resources Expended Expenditure on: Charitable activities 36,415 Other 984 Total 4 37,399 Net income / (expenditure) (586) Transfers between funds (3,168) Net movement in funds (3,754) Reconciliation of funds Total funds brought forward 15,789 Total funds carried forward 11 12,035 |
Restricted Income Funds £ - - - - - - 9,149 - 9,149 (9,149) 3,168 (5,981) 19,050 13,069 |
2022 Total Funds £ 211 3,842 9,445 10,430 12,885 36,813 45,564 984 46,548 (9,735) - (9,735) 34,839 25,104 |
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 |
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 2022
| Note Unrestricted Funds £ Fixed assets Tangible assets 6 - Current assets Stocks 7 200 Debtors 8 1,843 Cash in hand and at bank 9 11,181 13,224 Creditors: Amounts falling due within one year 10 1,189 Net current assets/ (liabilities) 12,035 Total assets less current liabilities 12,035 Funds of the charity Restricted income funds - Unrestricted funds 12,035 Total funds 11 12,035 |
Restricted Income Funds £ 13,069 - - - - - - 13,069 13,069 - 13,069 |
2022 Total Funds £ 13,069 200 1,843 11,181 13,224 1,189 12,035 25,104 13,069 12,035 25,104 |
2021 Total Funds £ 19,050 - - 17,494 |
|---|---|---|---|
| 17,494 1,705 |
|||
| 15,789 | |||
| 34,839 | |||
| 19,050 15,789 |
|||
| 34,839 |
The financial statements were approved by order of the Board of Trustees on 30[th] June 2023 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 2022
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 (Incl. computers) 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 2022
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 Other grants Refreshment sales Bar and shop sales |
2022 £ 211 - 130 2,832 - - 880 3,842 9,445 |
2021 £ 332 |
|---|---|---|
| - - 19,279 2,810 - - |
||
| 22,089 | ||
| 3,197 |
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
| 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 Play days & Nursery 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 |
2022 £ 991 2,500 6,594 - 345 10,430 525 3,873 650 510 6,097 1,230 - 12,885 36,813 5,536 270 - 5,806 7,766 9,291 - 6,084 2,727 |
2021 £ 396 1,994 1,122 284 278 |
|---|---|---|
| 4,074 | ||
| 500 3,288 450 419 3,251 - - |
||
| 8,466 | ||
| 38,158 | ||
| 2,656 180 - |
||
| 2,836 | ||
| 6,948 7,816 - 7,046 2,310 |
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
| 4. ANALYSIS OF EXPENDITURE (continued) Insurances, rentals and licenses Telephone Printing, stationery, postage and advertising Transport and catering Sundry expenditure and donations Depreciation Depreciation (restricted) Other Expenditure Accountancy and independent examination Bank charges TOTAL EXPENDITURE |
2022 £ 3,714 481 144 - 402 - - 30,609 984 - 984 37,399 |
2021 £ 5,946 994 137 - 1,395 - 7,882 |
|---|---|---|
| 40,474 | ||
| 600 - |
||
| 600 | ||
| 43,910 |
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 2022 Additions Disposals At 31 December 2022 Depreciation At 1 January 2022 Charge for the year Disposals |
Building & renovations £ 159,575 - - 159,575 141,950 7,292 - |
Furniture fittings & equipment £ 31,290 - - 31,290 29,865 590 - |
Computer equipment £ - 3,168 - 3,168 - 1,267 - |
2022 Total £ 190,865 3,168 - 194,033 171,815 9,149 - |
2021 Total £ 190,865 - - |
|---|---|---|---|---|---|
| 190,865 | |||||
| 171,815 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 2022
| 6. TANGIBLE FIXED ASSETS (continued) Building & renovations Furniture fittings & equipment £ £ At 31 December 2022 149,242 30,455 Net book value At 31 December 2022 10,333 835 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 |
Computer equipment 2022 Total £ £ 1,267 180,964 1,901 13,069 200 200 1,183 660 1,843 - 10,681 500 11,181 1,189 |
Computer equipment 2022 Total £ £ 1,267 180,964 1,901 13,069 200 200 1,183 660 1,843 - 10,681 500 11,181 1,189 |
2021 Total £ |
|---|---|---|---|
| 171,815 | |||
| 19,050 | |||
| - | |||
| - | |||
| - - |
|||
| - | |||
| 3,680 13,514 300 |
|||
| 17,494 | |||
| 1,705 |
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
11. CHARITY FUNDS
Analysis of net assets between funds
| Fund Balances at 31 December 2022 are represented by: Tangible fixed assets Net current assets Total net assets Statement of funds As at 01.01.22 £ Restricted reserves 19,050 Unrestricted reserves 15,789 34,839 |
Unrestricted Funds £ - 12,035 12,035 Income £ - 36,813 36,813 |
Restricted Funds £ 13,069 - 13,069 Expenditure £ (5,981) (40,567) (46,548) |
Designated Funds £ - - - Net Transfers £ - - - |
Total £ 13,069 12,035 |
|---|---|---|---|---|
| 25,104 | ||||
| As at 31.12.22 £ 13,069 12,035 |
||||
| 25,104 |
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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