BAGGERIDGE SOQAL WELFARE CENTRE (REGISTERED CHARITY NUMBER 522808) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
BAGGERIDGE soaAL WELFARE CENTRE CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 Legal & Administrative Information Trustees Report Independent Examlners, Report Statement of Flnanclal Actfvltles Balance Sheet Notes to the Flnanclal Statements 74
BAGGERIDGE XIAL WELFARE CEKfRE LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 JANUARY 2023 TRUSTEES . J E El8erton R C Baker D 8ranwood REGISTERED OFFICE: l The Straits Gornal Dudley West Mldlands DY3 3AA REGISTERED NUMBER: 522808 INDEPENDENT EXAMINER: Sarah Edwards FCCA SJE Accounting Services Ltd Warren Cottage Worcester Road Pattingham West Midlands VIV6 7EG BANKERS Barclays Bank PIC High Street Dudley West Midlands DYI IPP
BAGGERIDGE SOCIAL WELFARE CENTRE TRUSTEES REPORT FOR THE YEAR ENOED 31 JANUAIIY 2023 The trustees present their report along with the financial statements of the charity for theyear ended 31 January 2023. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts which can be found on page 7 and comply with the tharities tnjst deed, applicable law and the Charities SORP FRS 102. Constltutlon and OblectNes The charity is constituted by a scheme dated 2 March 1970 and was re8iStered on the same day under the number 522808. Its objectives are to provide and maintain a social welfare centre and recreation ground for the benefit of the Inhabitants of Sedgley and the surroundin8 wghbourhoods particularly (but not exduswelyl those who are member of the mining communitv. The trustees have referred to the 8uldance given by the Charity Commission on public beneflt when revlewlng the charity's aims and objectNes and details of the actiwts.es that have taken place durin8 the year can be found later In this report Organlsatlonal Structure The trustee5 who have served the charity durlng the year are shown on pa8e l. The Charlty Ss respon51ble for maintaining the premlses and its contents and grounds in a suitable state of repair for use by those who live In the surroundln8 area. It raises Income through varlous chadtable a[1[e$, the main one being the hiring Oilt of its facilities to the general public, but a subsiantlal amount of its income comes from Its connected tradlng company. 8ag8eridge So¢Sal aub Llmited. vthich pays an annual o¢¢upational licence fee to the charity in order to run its business from the charlty's premises. In addition to this. the company algo Iran5fers any profits it makes to the charity under a Gift Aid agreement so the trustees work closely with the directors to iry to ensure the company is profitable. thus ensurin8 extra income lor the charity. Trustee vacancies are advertised and interesled parties are asked to apply in writing. Interviews will be held and sulrable candidates are notSfied to their nominating body being either Trade Union or members. The Trustee Board is made up of equal numbers of each nominaiing b. Flnan¢lal Revlew The charity had net out8oin8 resources of £34,154 for the year compared to the Pfevlous year when net Incomln8 resources were £8,361. The connected tradlng company made a transfer of its pmfits to the charity under gift ald of £20,459. Revlew of Actlvltles Athlevements and Perfomian¢e The centre continues its upward trend with the bar area now being Completed to a high standard. It is hoped that during the forthcoming year the lounge area will be Complete refurbished together with a new heating and air conditioning system. Thank you to the steward and all of the staff and also the committee and trustees for their contlnued support.
BAGGERIDGE SOCIALWELFARE CENfRE TRusfEES REPORT I CONnNUEDI FOftTHE YEAR ENDED 31 JANUAIN 2023 InvestM•Trt Pdicy There is no speclflc pollry in place 05 yjth but the tTUStees havè taken the seThbIe appro and placed the bulk of the charlS liquid assets in Intefest bearing xcounts. Thi5wiII prowde a Small alrUrIt of Income for the chartty In the forn of Interest bLrt mean5 thal the funds 4r• readlly available should they be requSred. It Is the pollcy of the trustees to malntsift unrestricted funds whlch are free reserves of the charity. at a level to provide sufflcleTht funds to coverantlclpated administrètlon and support ¢0St5 for o period of 12 month5. Any ddltional reserves are held tts pride a capital fund for fepalrs that wlll be requlred for the upkeep of the prtmlse$. Illsk M•n•8•m•nt The trustees are aware of the operational and flnandal rlsks whlth th dw(ty fxe5 ond re&ulY revlew5 thos rfsks to mltlg•te aq•lnst any Impart they may have on the charity. The major rtsi8 fadngthe charlty are the continued Success ol the social club from which it derives its main fvndln& the support of the Indlvidu•ls and tht Communlty sn uslng the focllities •nd th• introduction of the younier 8eneratlon to PrOd• for th• fvtur•. Th• trustees work clostly with the diredors. ¢oMmitttt and member5 to address these rlsks. Statsm•nt ofTNsts•s' pSpbIllI1s Law appllcable to charltles In En8land and W•l•s r•qulr• th• trustoesto pP•rn flnJnd•l sl•tements for each financlal year whlch qlv• • true and falr vlew of the ¢hadty •ftd of th• Intomlnq resour$ and wppll¢•tlon of resourtts ol the thirfty for th period. In PrerIng thos• finanaal statsments. the trustee$ are requlwl tt: - select sultable accountlnq polldes and then •ppt them con51stent. - obs¢fY• th• m•thods and pdnclpl•s In th• Charltles SORP.. - make Judgements and estlmat•s that art reasonable and prudenk" - state whether applicable accountln8 Stènd4rds hm b•en followed subject to any mbterlal departurès disdosed and expla¢ned in the liThanual ststement4- - prepare the financial statements on the 8olnq Concern basls unless It Is In•pproprlate to preyJme that the charlty wlll contjnue In operatlon. The trustees are responslble for keepln8 accounting records which disd05e with reasonable accur8¢y at any tlme the flnanclal position of the charity and to enable them trt tnyJr• th* finanaal statements comply wlth the Charitie5 Act 2011. They are also responsible for Safe8uwdI the ¥s¢ts tsf the charity aThd hence for takln8 reasonable steps for the PTe¥entlon detention of Iraud and other irre8ularlties. Signed- Trustee Pnnt Name- Trustee
BAGGERIDGE soaALWELFARE CEfffliE INDEPENDENT EXAMINERS. REPORT l report on the Kcounts of the Baggerldge Soclal Wea C&)tre I Charlty numbw 5228081 forthèyear ended 31 January 2023 which are set out on pages 5 to 8. Res ectlve res nslblmtks tThee5 and examkn The charity's trustees are respon5tble forthe preparatton of the Ctrts. The charivs trustees consitler that an audit is not required for this year under section 144 of the tharities Act 2011 (the Charitles Art l and that an ndependent examlnation Is needed. It is my responsibilityto.. examlne the accounts undersertlon 145 of the 2011 Art.. follow the procedure5 laid down in the general Oirections given the Charity Commission under sertlon 14515llbl of the 2011 ki,. and stale whether partitular matters have toff to my attention. Basls of Inde endent examlner's statement My examination was tarried out in accordance with 8eneral directions giM by the Chaiity Commissioft. An examlnatlon Includes a revlew of the at¢ountiTh8 record5 kept by the charrty and a tomparison of the Kcounts presented with those records. It also include5 conslderation of any unusual rtems or dclosureS in the attounts. and seeking explanations frorn you as trurtees concemln8 any 5u¢h matters. The pffKedvres undertaken do not provlde all the evidence that would be required in an audit, and consequently no opinion Is 8fven as to whether the accounts present a.true and fair view. and the report Is Ilmited to those matter5 Set Out Sn the statement below. In connertlon wlth rny examSnatlon, no matter has cometo my attention: which 8lve5 me reosonable cause to believè thaL in arry material re5pec¢ the wuirements: .to keep accountirtg records in acc(Kd4nce wlth section 130 of the Chalit5 kt -to prepare accounts whKh with the account5ng record5 and comply wilh th ccounting requirements of the Charities Art ha¥ not been met,. or to which, in my OFNnion, attention Should be drawn In orderio enable a woper understandin8 of the accounts to be reached. S Edwards SJE Accounting Service5 Ltd Wèrren Cottage Worcester Road Pattin8ham West Midlands WV6 7EG Date
BAGG£RIDGE SOCIALWUFARE CEP4TrE srATEMENf OF FINANCIAL AcnvmES FOR THE YEAR ENDEO 31 JANUARY 2023 unres1rk Funds 2023 2022 Varfatlon Increase Detrease Incomln Resouries Donatlons, hall lettlng and miscellaneous Income Grant income Subscriptions Occupational Ilcence Bin80, raffles,snooker and football Bowls Income Interest recelved Mast Rental Dlvidend Recelved Insurance daim Glft Aid transfer from Bag8erfd8e Sodal Club Limited 2.753 1.994 15.143 757 20,(XIO 1.086 1.917 759 -15,143 692 1,449 20.CKKI 678 408 1,073 10,995 io 6.530 20,459 10.995 6.530 -319 20.778 65,918 72.680 .762 en Entertainment Llcences Rates Insurance Llght and heat Repabrs and maintenance Printin& p05tage, stationery and adverts Telephone Accountancv Bowls expenses Football Cleaning Donations General expènses Depreciation Bank interest and char8es 12,146 1.862 6,198 8,160 2,210 5.114 3.9S8 11.781 11,056 3,986 -348 1,084 2,351 21.588 5,2SS 499 33.369 16.311 499 67 1,795 6.051 ios 1,299 498 3,074 -80 -560 -3.036 31 7.350 498 2.474 100 872 10.551 137 20 312 7.515 ICKI.072 64,319 35,753 PRoF/{Lo55)FOR THE YEAR -34,154 8361 Funds balance brought forward 177.799 169.438 Total funds at ai January 2023 143,645 171.799 The notes attached ft)rm part of these financial statements
BAGGERIDGE soaAL WELFARE rRE BALANCE SHEEr AS AT 31 JANUARY 2023 2022 Notes FIXED ASSErs Tangible assets Fixed asset investments 87.280 94,795 87.624 95.139 CURRENT ASSETS Debtors and prepayments Cash at bank and in hand 38,061 58,223 96,284 46.858 75,318 LESS: CURRENT LIABIUTIES Amounts fallin8 due within one year 119,2981 113,6241 NET CURRENT ASSETSI IUABILMESI 56,020 81660 TOTAL NET ASSETS 143.644 177.799 Represented bv.. ND Unrestricted funds 143.644 177.799 Approved by the irustees and SF8ned on thelr behall by- T. e. LLC4¢ OTOI Signed - Trust Print name- Trustee Date
BAGGERIDGE SOCIAL WELFARE CENTrE NOTES TO THE FINANCIAL ATEmE11rS FOR THE YEAR ENOED 31 JANUARY 2023 ACCOUNTING POUCIES Basis of preparalion The financial ststements have been prepared under the htoriCal cost cot)vention unless otherwise stated in the relevant notes to these accounts. The financial ststements Ive been prepared in accordance with the Statement of Recommended Practice= Accounting and Reporting by Charities IFRS 1021, the Financial Reporting Standard IFRS 1021 and the Charities Act 2011. The trustees consider that there are no material un¢ertaintÉes about the charitse5 ability to continue going concern. The trustees have a reasonable expertation that the charity has adequate reserves to continue In operational existence for the foreseeable future. Accordingty the trustees ntinUe to adopt the 8tyn8 concern basis In the preparation of the accounts. R¢¢on¢lll*lon wlth provlous Gerne Accepted Accountlng PTactlce In preparlng the accounts, the trustee5 have considered whether in applyin8 the a¢countin8 poliues reguired by FRS 102 and the Charltle5 SORP FRS 102 a restatement of comparatlve Items was needed. No restatements were required. Incomlni rewnStlon Income is reco8nised once the charity has entitlement to income. it is probable that the Income will be recelved and the amount of Income receiwdble can be measured reliabfy. Donatlons are reco8nlsed when th are r¥¢d. Expendlture RetO8nltlon Llabllltles are recognlsed as expenditure as s( a5 therels a legal or constructive obligation commltting the ¢harlty to that expenditure, il is Probable that settlement will be required and the amount of the obll8atlon can be measured rellabty. All expenditvre Is accounted for on an accruals basls. Grants are reco8nised when they are approved and the intention has been communicated to the recipient. Oepreciation Tangible flxed assets are shown at cost less accurnulated depreclation. DepdatIon is provided at rates calculated to write off the cost of each asset overs Its expected useless life at the followlng annual rates- Improvements to buiklings Fixtures, fittings and equipment Stral8ht line over 10 years 20% reduong balan TAXATI The charity's actrvitie5 fall within the exemptions afforded by the proviOn$ of the Income and Corporatlons Taxes Aci 188. Accordingly there is no taxation thar8e in these accounts. TrUSTEE'S REMUNERAnoN No trustees reiVed any remuneration or 1mbUrSeMent of expenses in the year12022.' Nill
BAGGERIDGE SOOALWELFARE CE14TRE NOTESTO THE FINANCIAL STATEMENTS- contkw FOR THE YEAR ENDED 31 JANUARY 2023 TANGIBLE FIXED ASSETS Land & Bulldlrv4 Totsl Buudln COST At l February 2022 Addition5 59.249 99230 45.681 204.160 At 31 January 2023 59249 99230 45.681 204.160 DEPRECIAnoN At l February 2022 Charge for year 66,194 7,013 43,171 109,365 7.515 At 31 January 2023 73207 43,673 116A80 NET BOOK VALUE At 31 January 2023 S9249 26,023 At 31 January 2022 59.249 38,320 8.561 94,795 FIXED ET UINVESTMENTS 2023 2022 Cost or Reallsable Value 344 344 DEBT Prepayments and Other debtors Amount due from Ba8gerid8e Social aub Ltd 1,295 27.165 1.295 36.766 28.4&J 38.061 CREDITORS. Am Purchase Ledger Control Amount due to BaggerFdge Sockal Club itd Overdrawn bank account VAT ruals and deferre(l irKome 11.542 4988 2.185 S,571 3065 5S71 19.298 13.624