**Registered Charity number 522189 (England and Wales)**
## **BLIDWORTH RECREATION CENTRE**
**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
**BLIDWORTH RECREATION CENTRE**
## **REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **CONTENTS**
- 1 Legal and administrative details
- 2 - 3 Report of the trustees
- 4 Report of the independent examiner
- 5 Statement of financial activities
- 6 Balance sheet
- 7 - 11 Notes to the financial statements
**BLIDWORTH RECREATION CENTRE**
## **Legal and administrative details**
Trustees Mr M Carlin Mr J Moody Mr E Litchfield Mr P Calladine Registered Office Blidworth Miners Welfare Mansfield Road Blidworth Mansfield NG21 0LR Registered Charity Number England & Wales 522189 Bankers National Westminster Bank Plc 9 Church Street Mansfield NG18 1AF Independent Examiner Mr Phillip Nicholson Stopfords (Mansfield) Ltd Synergy House 7 Acorn Business Park Commercial Gate Mansfield Nottinghamshire NG18 1EX
1
## **BLIDWORTH RECREATION CENTRE**
## **Trustees Report for the year ended 31 December 2022**
The Trustees present their report and financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019).
## **Governing document**
The charity was registered on 9 January 1964 and is governed by the rules contained within its constitution adopted 29 April 1991 and amended 15 September 2004.
## **Trustees of the charity**
The trustees who have served during the year and since the year end were as follows:
Mr M Carlin Mr J Moody Mr E Litchfield Mr P Calladine
Power to appoint and remove trustees rests with the trustees in general meeting. Trustees are elected through an informal interview based on existing trustee recommendation.
## **Risk statement**
Any major risks identified by the Trustees have been reviewed and systems established to mitigate those risks.
## **Induction and training of trustees**
New trustees undergo an induction process which aims to inform them of their responsibilities as trustees of the charity.
## **Objects of the charity**
The objects of the charity are the provision and maintenance of a youth centre and other facilities for recreation and leisure time occupation for the benefit of the inhabitants of the Parish of Blidworth or the neigbourhood thereof; and in particular, but not exclusively such of the said inhabitants as are members of the mining community without distinction of political, religious or other opinions, with the object of improving the conditions of life for the said persons.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives.
## **Public Benefit**
The charity supports young people and individuals in the community, giving them a safe place to go and trusted relationships with adults; helping them to make positie choices in life and avoiding being drawn into negative situations.
## **Organisation of the charitable company**
The trustees administer the charity. The board meets at least quarterly and on a more frequent basis when it is deemed necessary, for operational matters and finance issues.
2
**BLIDWORTH RECREATION CENTRE**
## **Trustees Report (continued) for the year ended 31 December 2022**
## **Achievements and performance**
The result for the financial year is shown on page 5.
## **Reserves policy**
The charity aims to maintain adequate reserves sufficient to ensure that:
- (a) its financial position is protected should there be a sudden downturn in income;
- (b) there is protection against periodic adverse changes in cashflow;
- (c) resources are available to allow for improvements in the charity’s objectives.
The reserves policy is monitored by meetings of the trustees of the charity. Should the level of reserves fall below the levels deemed sufficient, the trustees closely monitor the performance of the charity with a view to increasing reserves back to levels that are considered to be adequate or take necessary critical steps to prevent further reduction in reserves.
By order of the board of trustees;
Signed: Date:
Trustee: Mr P Calladine
3
## **BLIDWORTH RECREATION CENTRE**
## **Independent Examiner's Report to the Trustees of Blidworth Recreation Centre**
I report to the trustees on my examination of the financial statements of Blidworth Recreation Centre ('the charity') for the year ended 31 December 2022 which are set out on the pages 2 to 11.
## **Responsibilities and basis of report**
As the charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in 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 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 charity 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.
**Mr Phillip Nicholson for and on behalf of Stopfords (Mansfield) Ltd**
**Date:**
**Chartered Accountants Statutory Auditor**
**Synergy House 7 Acorn Business Park Commercial Gate Mansfield Nottinghamshire NG18 1EX**
4
**BLIDWORTH RECREATION CENTRE**
## **Statement of Financial Activities for the year ended 31 December 2022**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
Charitable activities
2
**Investments**
Interest received
**Total Income and endowments:**
**EXPENDITURE ON:**
Charitable activities
3
Governance costs
4
**Total resources expended**
**Net income/(expenditure)**
**Other recognised gains**
Gain/(Loss) on disposal of fixed assets
**Net movement in funds**
**Balances brought forward at 1 January 2022**
**Balances carried forward at 31 December 2022**|**Unrestricted**
**Total**
**Total**
**2022**
**2022**
**2021**
**£**
**£**
**£**
27,036
27,036
20,937
25,506 25,506
15,969
-
1
1
0
52,542
52,542
36,906
35,902
35,902
38,517
35,902
35,902
38,517
16,640
16,640
(1,611)
-
-
-
16,640
16,640
(1,611)
578,439
578,439
580,050
595,079
595,079
578,439|
|---|---|
The notes on pages 7 to 11 form part of these financial statements.
5
## **BLIDWORTH RECREATION CENTRE**
## **Balance Sheet as at 31 December 2022**
|**Notes**
**Fixed assets**
Tangible fixed assets
6
**Current assets**
Debtors
7
Bank and cash
8
**Creditors:**Amounts falling due within
one year
9
Net current assets/(liabilities)
**Creditors:**Amounts falling due in more
than one year
**Total assets less current liabilities**
**Charity funds**
Unrestricted funds
10
**Total charity funds**|**2022**
**2021**
**£**
**£**
**£**
**£**
540,305
556,421
53,826
46,498
34,368
22,462
88,194
68,961
33,420
46,942
54,774
22,018
595,079
578,439
595,079
578,439
595,079
578,439
595,079
578,439|
|---|---|
The financial statements were approved by the trustees on:
Signed:
Chairman of Trustees: Mr P Calladine
## **Registered Charity Number 522189**
The notes on pages 7 to 11 form part of these financial statements.
6
**BLIDWORTH RECREATION CENTRE**
## **Notes to the accounts for the year ended 31 December 2022**
## **1. Accounting policies**
## **a. Basis of accounting**
Blidworth Recreation Centre is a registered charity in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **b. Judgements and key sources of estimation uncertainty**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The following judgements that have had the most significant effect on amounts recognised in the financial statements are as follows:
## _**Depreciation**_
The trustees review depreciation rates and useful lives of the tangible fixed assets on an annual basis to ensure the effects of usage, wear and tear or technical obsolescence are reflected in the carrying value of the asset.
## _**Impairment**_
The trustees review fixed assets for indications of impairment in conjunction with review of depreciation above. The charity has policies in place to review assets on an ongoing basis.
## _**Trade debtors**_
The trustees make provisions for doubtful debts based on an assessment of the recoverability of trade debtors. This methodology is applied on a customer by customer basis.
## **c. Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
7
**BLIDWORTH RECREATION CENTRE**
## **Notes to the accounts (continued) for the year ended 31 December 2022**
## **d. Financial instruments**
## **Debtors and creditors receivable/payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
## **f. Funds accounting**
Funds held by the charity are:
(a) Unrestricted general funds - these funds can be used in accordance with the charitable objects at the discretion of the trustees.
(b) Restricted funds - these are funds that can only be used for a particular restricted purpose within the objects of the charity. Restrictions arise when specified by the donor when funds are raised for particular purposes.
## **Incoming resources**
Voluntary income is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income from charitable activities, which includes income received under contract where entitlement to grant funding is subject to specific performance conditions, is recognised as earned as the related services are provided.
## **Resources expended**
All expenditure is accounted for on an accruals basis. Charitable activities include expenditure associated with the delivery of the Chartiy's objects and include both the direct and support costs relating to these activities. Governance costs comprise the costs of complying with constitutional and statutory requirements.
## **g. Tangible fixed assets**
Tangible assets costing are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land 0% Buildings 2% Straight Line Plant and equipment 15% Reducing Balance Equipment, fixtures and fittings 15% Reducing Balance
8
## **BLIDWORTH RECREATION CENTRE**
## **Notes to the accounts (continued) for the year ended 31 December 2022**
## **2. Income from charitable activities**
|Ground rents
**3. Expenditure on charitable activities**
_Expenditure on charitable activities undertaken directly._
**Expenditure on charitable activities**
**4. Expenditure on charitable activities (support costs)**
**Governance costs**
Accountancy support
Independent examination/Audit fees
**5. Staff costs**
Donations to subsections
Donations
Depreciation
Light and heat
Licences
Rent
Rates
Water rates
Repairs and maintenance
Grounds maintenance
Trade waste
Wages/salaries|**Unrestricted**
**Total**
**Unrestricted**
**Total**
**2022**
**2022**
**2021**
**2021**
**£**
**£**
**£**
**£**
25,506
25,506
15,969
15,969
25,506
25,506
15,969
15,969
**Unrestricted**
**Total**
**Unrestricted**
**Total**
**2022**
**2022**
**2021**
**2021**
**£**
**£**
**£**
**£**
-
-
-
-
-
10,000
10,000
816
816
529
529
2,499
2,499
2,309
2,309
12,394
12,394
6,136
6,136
1,085
1,085
396
396
-
-
570
570
-
-
989
989
893
893
-
-
1,850
1,850
-
-
250
250
-
-
16,116
16,116
17,588
17,588
35,902
35,902
38,517
38,517
**Unrestricted**
**Total**
**Unrestricted**
**Total**
**2022**
**2022**
**2021**
**2021**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|
There were no staff costs during the year.
The trustees received no remuneration or reimbursement of expenses during the year.
9
## **BLIDWORTH RECREATION CENTRE**
## **Notes to the accounts (continued) for the year ended 31 December 2022**
## **6. Tangible fixed assets**
|**Cost**|||**Equipment,**||
|---|---|---|---|---|
||**Freehold**|**Plant &**|**fittings & IT**|**Total**|
||**property**|**Machinery**|**equipment**||
||**£**|**£**|**£**|**£**|
|At 31 December 2021|637,781|51,559|126,142|815,482|
|Additions|||||
|Eliminated on disposal|||||
|At 31 December 2022|637,781|51,559|126,142|815,482|
|**Depreciation**|||||
|At 31 December 2021|147,828|25,143|86,090|259,061|
|Charge for the year|7,776|2,332|6,008|16,116|
|Eliminated on disposal|||||
|At 31 December 2022|155,604|27,475|92,098|275,177|
|**Net book value**|||||
|At 31 December 2022|482,178|24,084|34,044|540,305|
|At 31 December 2021|489,954|26,416|40,052|556,421|
|There were no outstanding capital commitments at 31 December 2022.|||||
|**7. Debtors**|||**2022**
**£**|**2021**
**£**|
|Trade debtors|||3,889|3,889|
|Prepayments and accrued income|||||
|Blidworth Miners Welfare Social Centre Ltd|||24,130|16,802|
|Other debtors|||25,807|25,807|
||||53,826|46,498|
|**8. Cash at bank and in hand**|||**2022**
**£**|**2021**
**£**|
|National Westminster Bank - Current|||34,132|22,226|
|National Westminster Bank - Business Reserve|||236|237|
||||34,368|22,462|
10
**BLIDWORTH RECREATION CENTRE**
## **Notes to the accounts (continued) for the year ended 31 December 2022**
|||**2022**|**2021**|
|---|---|---|---|
|**9. Creditors: Amounts falling due within one year**||**£**|**£**|
|Brewery Loan||29,147|41,028|
|Trade creditors||179|-|
|Accruals and deferred income||-|-|
|Social security and other taxes||339|2,159|
|Other creditors||3,755|3,755|
|||33,420|46,942|
|**10. Analysis of charity funds**||||
|**Unrestricted funds**|**2021**
**Income**
**Expenditure Gains/Losses **
**£**
**£**
**£**
**£**|**Transfers**
**£**|**2022**
**£**|
|General fund|578,439
52,542
(35,902)||595,079|
||578,439
52,542
(35,902)|-|595,079|
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## **11. Analysis of Net Liabilities between Funds**
|
Unrestricted Funds
Total funds at 31 December 2022|**Tangible**
**Fixed Assets**
**Net Current**
**Assets/**
**Liab'**
**Creditor due**
**after 1 year**
**Total**
**£**
**£**
**£**
**£**
540,305
54,774
-
595,079
540,305
54,774
-
595,079|
|---|---|
## **13. Related Party Transactions**
During the year the Charity made the following transactions with connected parties:
Received donations from Blidworth Miners Welfare Social Centre Ltd of £27,036 (2021 £18,936).
11