BEIGHTON WELFARE RECREATION GROUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
BEIGHTON WELFARE RECREATION GROUND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
| CONTENTS | PAGE |
|---|---|
| Legal and administrative details | 1 |
| Trustees report | 2 - 3 |
| Independent examiners report | 4 |
| Accountants report | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 - 9 |
BEIGHTON WELFARE RECREATION GROUND
LEGAL AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2023
Beighton Welfare Recreation Ground is registered with the Charity Commission (Registration number 523834).
| Address of charity : | High Street |
|---|---|
| Beighton | |
| Sheffield | |
| S20 1ED | |
| Trustees : | S Banks |
| K Reaney | |
| G Roberts | |
| N Roberts | |
| Z Zacharkiewicz | |
| C Sellars | |
| Secretary/Treasurer : | J Roberts |
| Bankers : | National Westminster Bank Plc |
| 5 Market Place | |
| Chesterfield | |
| Derbyshire | |
| S40 1TW | |
| Accountant : | TSE Financial Ltd |
| Progress House | |
| 206 White Lane | |
| Gleadless | |
| Sheffield | |
| S12 3GL | |
| Independent Examiner : | Matthew Plumtree FMAAT |
| TSE Financial Ltd | |
| Progress House | |
| 206 White Lane | |
| Gleadless | |
| Sheffield | |
| S12 3GL |
Page 1
BEIGHTON WELFARE RECREATION GROUND
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their report along with the financial statements of the charity for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts which can be found on page 8.
Constitution and objectives
The charity is constituted by a scheme dated 25 November 2002 and was registered on 16 May 1963 with the number 523834. It's objectives are to provide a welfare institute and recreation ground for the benefit of the people of the village of Beighton and it's surrounding area.
Organisational structure
The trustees who served the charity during the year and who are re-elected annually are shown on page 1.
The charity is responsible for maintaining the premises and grounds in a suitable state of repair for use by those who live in the surrounding area. It raises income through various charitable activities such as hiring out its facilities for use by the public.
Financial review
The charity had net outgoing resources of (£24,773) from the day to day running of the scheme which compares to net ingoing resources of £(21,510) in the previous year. This further large deficit continues to be as a result of a spike in gas and electric prices coupled with turnover yet to resume to pre-pandemic levels.
Activities review
Work continued during the year to create awareness about the facilities available from the charity which extended to the use of Facebook and other internet based networking sites. Differing groups and associations using the facilities made available by the charity include a baby & toddler sensory group, fifty plus group, dementia cafe, lunch club, friendship club, heathy eating session & keep fit and both junior/senior football clubs. The trustees are also actively promoting the outside facilities at the club which are home to various sporting teams.
Reserves policy
It is the policy of the trustees to maintain unrestricted funds which are the free reserves of the charity, at a level to provide sufficient funds to cover anticipated administration and support costs.
Risk management
The trustees are aware of the operational and financial risks which the charity faces and regularly reviews those risks to mitigate against any impact that they may have on the charity.
Page 2
BEIGHTON WELFARE RECREATION GROUND
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Statement of trustees responsibilities
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charities financial activities during the year and of it's financials position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and :
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
G Roberts
G Roberts - Trustee 28 January 2024
Page 3
BEIGHTON WELFARE RECREATION GROUND
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF BEIGHTON WELFARE RECREATION GROUND
FOR THE YEAR ENDED 31 MARCH 2023
I report on the accounts of the charity for the year ended 31 March 2023, which are set out on pages 6 to 9.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to :
-
examine the accounts under section 145 of the 2011 Act.
-
to follow the procedures laid down in the general directions given by the charity commission under section 145(5)(b) of the 2011 Act.
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
(1) which gives me reasonable cause to believe that in any material respect the requirements :
-
to keep accounting records in accordance with section 130 of the 2011 Act
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
M Plumtree
Matthew Plumtree FMAAT Accountsability (Sheffield) Limited Progress House 206 White Lane Gleadless Sheffield S12 3GL
28 January 2024
Page 4
BEIGHTON WELFARE RECREATION GROUND
ACCOUNTANTS REPORT TO THE TRUSTEES BEIGHTON WELFARE RECREATION GROUND
FOR THE YEAR ENDED 31 MARCH 2023
We have prepared the financial statements of Beighton Welfare Recreation Ground for the year ended 31 March 2023 on pages 6 to 9. These financial statements have been prepared using the accounting policies set out therein and under the requirements of the Financial Reporting Standard for Smaller Entities (effective January 2022) and the statement of recommended practice for accounting and reporting by charities (effective January 2019).
This report is made solely to the charity's trustees. All our accounting work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an accountants report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our accounting work, for this report, or for the opinions we have formed.
In accordance with the instructions of the trustees we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
TSE Financial Limited
TSE Financial Ltd
Progress House 206 White Lane Gleadless Sheffield S12 3GL
28 January 2024
Page 5
BEIGHTON WELFARE RECREATION GROUND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
| INCOMING RESOURCES Room and pitch hire Bar rent Flat rent Grants received Donations, fund raising and other income TOTAL INCOMING RESOURCES RESOURCES EXPENDED Rates and water Insurance Light and heat Wages Repairs and maintenance Cleaning and hygiene Sundry expenses Telephone Audit and accountancy Waste removal Depreciation TOTAL RESOURCES EXPENDED NET MOVEMENT IN FUNDS FUND BALANCES BROUGHT FORWARD FUND BALANCE CARRIED FORWARD |
General Restricted Total Total 2023 2022 32,399 - 32,399 22,576 3,600 - 3,600 3,600 6,440 - 6,440 4,600 826 - 826 14,878 - - - - |
|---|---|
| 43,265 - 43,265 45,654 |
|
| 6,866 - 6,866 5,164 3,231 - 3,231 3,495 7,180 - 7,180 11,075 10,495 - 10,495 9,927 8,694 - 8,694 5,584 649 - 649 1,981 73 - 73 47 615 - 615 480 1,526 - 1,526 1,380 1,082 - 1,082 - 2,868 24,759 27,627 28,032 |
|
| 43,279 24,759 68,038 67,165 |
|
| (14) (24,759) (24,773) (21,510) 95,157 809,818 904,975 926,485 |
|
| 95,143 785,059 880,202 904,975 |
Page 6
BEIGHTON WELFARE RECREATION GROUND
STATEMENT OF FINANCIAL POSITION
31 MARCH 2023
| Note FIXED ASSETS Tangible assets 2 CURRENT ASSETS Cash at bank and in hand 3 Other debtors CREDITORS: Amounts falling due within one year 4 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FINANCED BY : RESTRICTED FUNDS CISWO Grant Fund Building Fund One Stop Shop Fund Accumulated Fund |
£ £ £ £ 809,082 836,709 71,987 70,427 2,569 2,715 74,556 73,142 (3,436) (4,876) 71,120 68,266 880,202 904,975 29,212 29,212 30,281 30,281 725,566 750,325 785,059 809,818 95,143 95,157 880,202 904,975 2023 2022 |
£ £ £ £ 809,082 836,709 71,987 70,427 2,569 2,715 74,556 73,142 (3,436) (4,876) 71,120 68,266 880,202 904,975 29,212 29,212 30,281 30,281 725,566 750,325 785,059 809,818 95,143 95,157 880,202 904,975 2023 2022 |
|---|---|---|
| 68,266 | ||
| 904,975 | ||
| 29,212 30,281 750,325 |
||
| 809,818 95,157 |
||
| 904,975 |
Page 7
BEIGHTON WELFARE RECREATION GROUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1 ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention.
Income
Income from the activities of the club is the gross amount receivable by the club, less returns and allowances and VAT where appropriate.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less it's estimated residual value over the useful economic life of that asset as follows :
| Buildings Fixtures and fittings 2 FIXED ASSETS Restricted assets COST At 1 April 2022 At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for the year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
2% straight line method 10% reducing balance method Land & Fixtures Land & Fixtures Total Buildings & fittings Buildings & fittings No No Yes Yes £ £ £ £ £ 103,296 24,277 1,095,707 134,262 1,357,542 |
|---|---|
| 103,296 24,277 1,095,707 134,262 1,357,542 |
|
| 71,152 16,257 327,609 105,815 520,833 2,066 802 21,914 2,845 27,627 |
|
| 73,218 17,059 349,523 108,660 548,460 |
|
| 30,078 7,218 746,184 25,602 809,082 |
|
| 32,144 8,020 768,098 28,447 836,709 |
Page 8
BEIGHTON WELFARE RECREATION GROUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
| 3 CASH AT BANK AND IN HAND National Westminster Bank Cash in hand 4 CREDITORS FALLING DUE WITHIN ONE YEAR Accruals Trade creditors Net wages PAYE |
2023 £ 70,987 1,000 71,987 2,294 410 673 59 3,436 |
2022 £ 70,326 100 |
|---|---|---|
| 70,427 | ||
| 924 2,848 799 305 |
||
| 4,876 |
Page 9