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 2024
REGISTERED CHARITY NO: 522124
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
TRUSTEES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
P A BROWN & COMPANY LTD 16 ABBEY MEADOWS MORPETH
REGISTERED CHARITY NO: 522124
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 - 11 |
REGISTERED CHARITY NO: 522124
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Due to family health problems the Chair of Trustees stepped down and was replaced by another lady Trustee.
Thanks went to Christine for her hard work during her time as chair. Mrs L. Marcon took the chair.
The Welfare has managed to develop its policies needed to comply with different aspects of the law and health and safety issues. Policies were in place but required updating.
A number of grants were obtained, small amounts, to enable some electrical works to be carried out around the building. Larger repair works are still needed and quotes for the works are being collected to push this forward.
Activities lost was the bingo as two former Trustees who ran it left and set the sessions up in the village social club.
Due to bereavement, some activities stopped for a time and then restarted under new instructors.
Due to some vandalism a number of windows have been bricked over which has led to a more secure building as these windows were situated in a darkened alleyway.
Number of people attending the building has increased for specific activities, i.e. line dancing and band nights becoming very popular. Due to the diversity of the activities being run more of the population living outside of the Parish area are in attendance.
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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REGISTERED CHARITY NO: 522124
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
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 2024 is as follows:
| 2024 Restricted Funds 11,607 Unrestricted Funds 4,634 16,241 31 December were as follows: Fixed Assets Fund 11,607 11,607 |
2023 12,655 8,527 21,182 12,655 12,655 |
|---|---|
Restricted reserves at 31 December were as follows:
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REGISTERED CHARITY NO: 522124
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
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 L Marcon Chair J Hunter Trustee P Morano Trustee A Davey Trustee P Carr Trustee S Morgan Trustee D Young Trustee A Sambrook Trustee Independent Examiner P A Brown & Company Ltd 16 Abbey Meadows Morpeth NE61 2BD Bankers 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 19th January 2026 and signed on its behalf by
L Marcon Chair of Trustees
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REGISTERED CHARITY NO: 522124
INDEPENDENT ACCOUNTANTS REPORT TO THE TRUSTEES OF PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE FOR THE YEAR ENDED 31 DECEMBER 2024
I report to the trustees on my examination of the accounts for the year ended 31 December 2024, which are set out on pages 5 to 11.
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:
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1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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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
19th January 2026
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REGISTERED CHARITY NO: 522124
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Note Incoming Resources Income and endowment from: Donations and legacies Charitable activities: Grants receivable Bar/Kitchen Sales Games and entertainment Sundry income Total 3 Resources Expended Expenditure on: Charitable activities Other Total 4 Net income / (expenditure) Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total Funds carried forward 11 |
Unrestricted Funds £ - 3,123 4,119 4,061 25,419 36,722 38,777 1,837 40,614 (3,893) - (3,893) 8,527 4,634 |
Restricted Funds £ - - - - - - 1,048 - 1,048 (1,048) - (1,048) 12,655 11,607 |
2024 2023 £ £ - - 3,123 2,027 4,119 4,681 4,061 7,380 25,419 20,861 36,722 34,949 39,825 37,641 1,837 1,230 41,662 38,871 (4,941) (3,922) - - (4,941) (3,922) 21,182 25,104 16,241 21,182 |
|---|---|---|---|
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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REGISTERED CHARITY NO: 522124
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE BALANCE SHEET AS AT 31 DECEMBER 2024
| Note Fixed Assets Tangible assets 6 Current Assets Stocks 7 Debtors 8 Cash in hand and at bank 9 Creditors Amounts falling due within one year 10 Net current assets / (liabilities) Total assets less current liabilities Funds of the charity Restricted income funds Unrestricted funds Total funds 11 |
Unrestricted Funds £ - 408 2,912 3,024 6,344 (1,710) 4,634 4,634 - 4,634 4,634 |
Restricted Funds £ 11,607 - - - - - - 11,607 11,607 - 11,607 |
2024 2023 £ £ 11,607 12,655 408 200 2,912 2,221 3,024 7,993 6,344 10,414 (1,710) (1,887) 4,634 8,527 16,241 21,182 11,607 12,655 4,634 8,527 16,241 21,182 |
|---|---|---|---|
The financial statements were approved by order of the Board of Trustees on 19th January 2026 and signed on its behalf by:
L Marcon Chair of Trustees
The notes on pages 7 to 11 form part of the financial statements
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REGISTERED CHARITY NO: 522124
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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 |
|---|---|
| 12/05/2049 | |
| Building renovations | Straight line over remaining lease term to |
| 12/05/2049 | |
| 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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REGISTERED CHARITY NO: 522124
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2 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 Pegswood Parish Council Northumberland County Council Other grants Bar/Kitchen Sales Bar and kitchen sales Games and Entertainments Bingo/Housey Pool and snooker table |
2024 2023 £ £ - - - - 2,573 - 550 2,027 3,123 2,027 4,119 4,681 1,753 3,360 2,308 4,020 4,061 7,380 |
|---|---|
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REGISTERED CHARITY NO: 522124
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
3 ANALYSIS OF INCOME (continued)
| Sundry income Membership subscriptions Hall rents Other income Bowls Dog training Pilates Performance Arts (Dance & Panto) 4 ANALYSIS OF EXPENDITURE Raising funds Bar and kitchen purchases Games and entertainments Glasses, bar requisites & cleaning Charitable activities Salaries, wages and national insurance Repairs and renewals Heating and lighting Rent, rates and water Insurances, rentals & licenses Telephone Printing, postage and stationery Computer expenses Sundry expenditure Depreciation (restricted) Other expenditure Accountancy and independent examination Legal fees Total expenditure |
2024 2023 £ £ 197 320 4,520 5,883 236 104 1,363 1,410 780 - 983 - 17,340 13,144 25,419 20,861 2024 2023 £ £ 6,264 6,425 - - 489 730 6,753 7,155 9,875 8,478 4,716 3,682 6,728 9,572 4,112 2,939 4,270 4,209 509 467 317 131 120 153 1,377 441 1,048 414 33,072 30,486 1,517 1,230 320 - 1,837 1,230 41,662 38,871 |
|---|---|
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REGISTERED CHARITY NO: 522124
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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 Furniture, Buildings fittings & Computer & renovations equipment equipment £ £ £ Cost Brought forward 159,575 31,290 3,168 Additions - - - Disposal - - - Carried forward 159,575 31,290 3,168 Depreciation Brought forward 149,625 30,486 1,267 Charge for the year 383 31 634 Disposal - - - Carried forward 150,008 30,517 1,901 Net book value (NBV) Brought forward 9,950 804 1,901 Carried forward 9,567 773 1,267 7 STOCKS Bar stocks on hand 8 DEBTORS AND PREPAYMENTS Payments in advance Debtors 9 CASH AT BANK AND IN HAND Co-operative Bank Cash 10 CREDITORS AND ACCRUALS Sundry creditors and accrued charges |
2024 2023 £ £ 194,033 194,033 - - - - 194,033 194,033 181,378 180,964 1,048 414 - - 182,426 181,378 12,655 13,069 11,607 12,655 2024 2023 £ £ 408 200 965 1,661 1,947 560 2,912 2,221 2,974 6,843 50 1,150 3,024 7,993 1,710 1,887 |
|---|---|
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REGISTERED CHARITY NO: 522124
PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted Funds Funds Total
11 CHARITY FUNDS
| Analysis of net assets between funds Fund balances at 31 December 2024 are represented by: Fixed Assets Net current assets Total net assets Statement of funds As at 01.01.24 Income Restricted reserves 12,655 - Unrestricted reserves 8,527 36,722 21,182 36,722 |
Funds Funds Total - 11,607 11,607 4,634 - 4,634 4,634 11,607 16,241 Net As at Expenditure Transfers 31.12.24 (1,048) - 11,607 (40,614) - 4,634 (41,662) - 16,241 |
|---|---|
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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