**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.
1
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.
2
## **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|
3
## **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
4
## **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:
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 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
5
## **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
7
## **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.
8
## **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|
9
**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|
10
## **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**
11
## **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|
12
## **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.
13