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 2023
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
TRUSTEES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
P A BROWN & COMPANY LTD
16 ABBEY MEADOWS MORPETH NE61 2BD
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
CONTENTS
| Page | |
|---|---|
| Trustees’ Annual Report | 1-4 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Unaudited Financial Statements | 8-13 |
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The main drive for the year was to get the new lease extension in place.
FOOT NOTE. Documents completed September 2024 new 25-year lease backdated to 11th May 2022.
Objectives and Activities
As a charity our main aims are to provide social recreation and activities for the people living in the Parish of Pegswood and its surrounding Parish Areas.
Membership paid-up members totalled 64, this is down on last year.
Although through the door numbers have been increasing over the year due to increased activities, actual new membership increases were not achieved. No new members signing up from either new housing estates.
In 2023 the membership decreased to 64 (2022: 105).
Activities for Public Benefit
The Trustees have adhered to the Charity Commission Guidance covering public benefit. The Trustees are reviewing the new Charitable guidance recommendations to look at becoming a CIO registered Charitable Organization.
Achievements and Performance
Although a number of Trustees work, they hold regular meetings to ensure the welfare is running at the level it can achieve to offer a good service to the area it represents.
- Activities being run weekly include:
Every other Monday the welfare run a lunch club where a hearty warm meal is offered with bingo after or snooker/cards/chess/dominoes for those that don't wish to play bingo.
Snooker - both tables being used mostly in the evening and mainly table two in the morning or afternoon depending on shift patterns by those hiring.
Weekly Dance Classes - Gillian D, five ladies practicing, who dance with swords balanced on their heads, Joyce D, one to one ballroom dancing, Ash D, two couples who use dance hall to practice ballroom dancing, Steph D, group of schoolteachers teaching different forms of dancing to young girls after school, Tribal D, group of ladies learning many forms of dancing from China, Far East, Indian Sub-Continent, African, Turkish, Caribbean, North African.
Northern Soul has really taken off and is run weekly by volunteers from outlying villages.
Due to the size of halls other groups outside of the village or surrounding area hire building to carry out their competitions or large fund-raising activities.
Scout Association use the building to run their Beavers, Cubs and Sea Scout units on a Monday Night.
Carpet Bowls are still active with them holding County Competitions in the same hall they use yearly, built in 1966.
There are different Group/Band nights raising money for different charities using one of the two halls.
We now use the original Hall, 1926, for puppy and dog training classes.
A pantomime group have started to use the building for their yearly show, 1926 hall, at Christmas but offer training to the public, children and adults in acting, stage work and sound and vision experience.
Other activities run are bingo, twice per week, Country & Western every third month, Kids' activity days when the school holidays are on and its bad weather, mainly three-to-ten-year age frame, Fund raising Saturdays, Extra activities are disco nights for families.
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1966 hall has been used for Funeral teas, Christening's, Birthday parties, both kids and adults, Anniversary afternoons.
Mental Health organizations have booked hall for dance activities, work related courses/interviews, group therapy courses.
Building registered with County Council so we are a safe space, warm zone, information help zone.
Due to the age of original building, 1926, there are major issues with repairs and grant raising.
This has now changed, please see FOOT NOTE allowing grant applications to go forward.
The same can now be said for the newer hall, 1966 build.
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 2023
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 week-by-week basis to continue support for the Centre’s various activities. A summary of charity reserves at 31 December 2023 is as follows:
| Restricted Funds Unrestricted Funds Restricted reserves at 31 December were as follows: Fixed assets fund Grants received carried forward |
2023 £ 12,655 8,527 21,182 12,655 - 12,655 |
2022 £ 13,069 12,035 |
|---|---|---|
| 25,104 | ||
| 13,069 - |
||
| 13,069 |
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
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) – resigned January 2024 C Cruden (Chair) – appointed March 2024 J Hunter (Trustee) M Carruthers (Trustee) – resigned December 2023 J Froud (Trustee) – resigned March 2024 R Stocks (Trustee) – resigned February 2024 P Morano (Trustee) A Davey (Trustee) – appointed February 2024 P Carr (Trustee) – appointed February 2024 S Morgan (Trustee) – appointed February 2024 L Marcon (Trustee) – appointed February 2024 C McAteer (Trustee) – appointed February 2024 S Morgan (Trustee) – appointed February 2024 D Young (Trustee) – appointed February 2024 A Sambrook (Trustee) – appointed February 2024
Independent Examiner
Bankers
P A Brown & Company Ltd 16 Abbey Meadows Morpeth NE61 2BD 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 29[th] October 2024 and signed on its behalf by
………………………………………………………………………… C Cruden 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 2023
I report to the trustees on my examination of the accounts on the accounts for the year ended 31 December 2023, which are set out on pages 5 to 13.
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 to 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
29[th] October 2024
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Note Unrestricted Funds £ Incoming Resources Income and endowment from: Donations and legacies - Charitable activities: Grants receivable 2,027 Refreshment sales 4,681 Games and entertainment 7,380 Sundry income 20,861 Total 3 34,949 Resources Expended Expenditure on: Charitable activities 37,227 Other 1,230 Total 4 38,457 Net income / (expenditure) (3,508) Transfers between funds - Net movement in funds (3,508) Reconciliation of funds Total funds brought forward 12,035 Total funds carried forward 11 8,527 |
Restricted Income Funds £ - - - - - - 414 - 414 (414) - (414) 13,069 12,655 |
2023 Total Funds £ - 2,027 4,681 7,380 20,861 34,949 37,641 1,230 38,871 (3,922) - (3,922) 25,104 21,182 |
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 |
The statement of financial activities includes all gains and losses in the year. All incoming resources expended derive from continuing activities.
6
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
BALANCE SHEET AS AT 31 DECEMBER 2023
| Note Unrestricted Funds £ Fixed assets Tangible assets 6 - Current assets Stocks 7 200 Debtors 8 2,221 Cash in hand and at bank 9 7,993 10,414 Creditors: Amounts falling due within one year 10 1,887 Net current assets/ (liabilities) 8,527 Total assets less current liabilities 8,527 Funds of the charity Restricted income funds - Unrestricted funds 8,527 Total funds 11 8,527 |
Restricted Income Funds £ 12,655 - - - - - - 12,655 12,655 - 12,655 |
2023 Total Funds £ 12,655 200 2,221 7,993 10,414 1,887 8,527 21,182 12,655 8,527 21,182 |
2022 Total Funds £ 13,069 200 1,843 11,181 |
|---|---|---|---|
| 13,224 1,189 |
|||
| 12,035 | |||
| 25,104 | |||
| 13,069 12,035 |
|||
| 25,104 |
The financial statements were approved by order of the Board of Trustees on 29[th] October 2024 and signed on its behalf by:
………………………………………………………………………… C Cruden Chair of Trustees
The notes on page 8 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 2023
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 12.05.2047 Building renovations - straight line over remaining lease term to 12.05.2047 Furniture, fittings and equipment - straight line at 20%
- (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 2023
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 |
2023 £ - - - - - - 2,027 2,027 4,681 |
2022 £ 211 |
|---|---|---|
| - 130 2,832 - - 880 |
||
| 3,842 | ||
| 9,445 |
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3.
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
4.
| ANALYSIS OF INCOME (continued) Games and Entertainments Bingo & Housey Pool and snooker table Draws and raffles Sundry income Members subscriptions Hall rents Other income Bowls Performance Arts (Dance & Panto) Play days & Nursery Fundraising TOTAL INCOME ANALYSIS OF EXPENDITURE Raising funds Bar and shop purchases Games and entertainments Glasses, bar requisites & cleaning Charitable activities Salaries, wages and national insurance Repairs and renewals Repairs and renewals (restricted) Heating and lighting Rates and water |
2023 £ 3,360 4,020 - 7,380 320 5,883 104 1,410 13,144 - - 20,861 34,949 6,425 - 730 7,155 8,478 3,682 - 9,572 2,939 |
2022 £ 3,491 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 |
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
4.
| ANALYSIS OF EXPENDITURE (continued) Insurances, rentals and licenses Telephone Printing, stationery, postage and advertising Computer expenses Sundry expenditure Depreciation Depreciation (restricted) Other Expenditure Accountancy and independent examination Bank charges TOTAL EXPENDITURE |
2023 £ 4,209 467 131 153 441 - 414 30,486 1,230 - 1,230 38,871 |
2022 £ 3,714 481 144 - 402 - - |
|---|---|---|
| 30,609 | ||
| 984 - |
||
| 984 | ||
| 37,399 |
5. PAID EMPLOYEES
The average monthly number of employees during the year was two. No employee received emoluments in excess of £60,000.
| GIBLE FIXED ASSETS Cost Brought forward Additions Disposals Carried forward Depreciation Brought forward Charge for the year Disposals Carried forward |
Building & renovations £ 159,575 - - 159,575 149,242 383 - 149,625 |
Furniture fittings & equipment £ 31,290 - - 31,290 30,455 31 - 30,486 |
Computer equipment £ 3,168 - - 3,168 1,267 - - 1,267 |
2023 Total £ 194,033 - - 194,033 180,964 414 - 181,378 |
2022 Total £ 190,865 3,168 - |
|---|---|---|---|---|---|
| 194,033 171,815 9,149 - 180,964 |
6. TANGIBLE FIXED ASSETS
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
| 6. TANGIBLE FIXED ASSETS (continued) Net book value (NBV) Brought forward Carried forward |
Building & renovations £ 10,333 9,950 |
Furniture fittings & equipment £ 835 804 |
Computer equipment £ 1,901 1,901 |
2023 Total £ 13,069 12,655 |
2022 Total £ 19,050 |
|---|---|---|---|---|---|
| 13,069 |
7. 8.
9.
10.
| STOCKS Bar stocks on hand DEBTORS AND PREPAYMENTS Payments in advance Debtors CASH AT BANK AND IN HAND Barclays Bank plc - community current account Co-operative Bank plc - current account Cash in hand CREDITORS AND ACCRUALS Sundry creditors and accrued charges |
200 200 1,661 560 2,221 - 6,843 1,150 7,993 1,887 |
200 |
|---|---|---|
| 200 | ||
| 1,183 660 |
||
| 1,843 | ||
| - 10,681 500 |
||
| 11,181 | ||
| 1,189 |
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PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11. CHARITY FUNDS
Analysis of net assets between funds
| are represented by: Tangible fixed assets Net current assets Total net assets Statement of funds Restricted reserves Unrestricted reserves |
Unrestricted Restricted Funds Funds £ £ Fund Balances at 31 December 2023 - 12,655 8,527 - 8,527 12,655 As at 01.01.23 Income Expenditure £ £ £ 13,069 - (414) 12,035 34,949 (38,457) 25,104 34,949 (38,871) |
Designated Funds £ - - - Net Transfers £ - - - |
Total £ 12,655 8,527 |
|---|---|---|---|
| 21,182 | |||
| As at 31.12.23 £ 12,655 8,527 |
|||
| 21,182 |
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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