REGISTERED CHARITY NUMBER: 523969
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Thurcroft Institute & Recreation Ground
Thurcroft Institute & Recreation Ground
Contents of the Financial Statements for the Year Ended 31 March 2021
|
Page |
Report of the Trustees |
1 to 2 |
Statement of Financial Activities |
3 |
Balance Sheet |
4 |
Notes to the Financial Statements |
5 to 8 |
Detailed Statement of Financial Activities |
9 |
Thurcroft Institute & Recreation Ground
Report of the Trustees for the Year Ended 31 March 2021
Thetrusteespresenttheirreportwiththefinancialstatementsof thecharityfortheyearended31 March2021. The
trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The provisionof a recreationgroundand welfare institutefor the benefitof the inhabitants(and in particular,but not
exclusively,suchofthesaidinhabitantsasaremembersoftheminingcommunity)oftheareaofbenefit without
distinctionofpolitical,religiousorotheropinionswiththeobjectofimprovingtheconditionsoflifeforthe said
inhabitants.
Significant activities
The principalactivitiesof the companyas a Charityis the provisionof a recreationgroundand welfare institutefor the
benefitoftheareawithoutdistinctionofpolitical,religiousorotheropinionwiththeobjectofimproving the
conditionsof life for the said inhabitants.Duringthe year the charityhas overseen the constructionof a Local Hub, on
thesiteoftherecreationalground.Thisoffersacompletelynewsportsandsocialvenue,providingboth changing
facilitiesfortheexistingsportsground,andadditionallyprovidingindoorfacilitiesforcommunityand sporting
activities.
FINANCIAL REVIEW
Reserves policy
Thecharityhasmaintaineda goodlevelofreservessoastoimprovethefacilitiesatboththerecreationground and
theInstitute(Club).DuetothesizeandageoftheInstitutethetrusteesbelieveitisessentialtohold significant
reserves so as to meet the cost of repairs and improvements as and when they are necessary.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The governing document of the charity is dated 7th November 2006.
Thereshouldbefournominatedtrusteesandtwoelectedtrustees.Ofthefournominatedtrusteestwoshall be
appointedbytheNationalUnionofMineworkers(YorkshireArea)andtwoshallbeappointedbyCISWO.The two
elected trustees must be appointed at the annual general meeting.
ThedaytodaymanagementisperformedbytheSecretary,whilststrategicandfinancialdecisionsaremadeby the
trustees with input from the Secretary.
Related parties
TheThurcroftMinersWelfareInstituteandRecreationalGroundSchemeSocialClubLimitedisrequiredby covenant
to pay its annual profits over to this charity.
Risk management
Thetrusteesbelievetheyhaveaddressedonemajorthreattothecharity,ofdeclininglocalinhabitants with
connections to the mining industry by broadening the charities objectives to be inclusive of all local inhabitants.
Anotherrisktothecharityisvandalismtotheamenitiestheyprovide.Overtheyearssignificantmonieshave been
spent on tryingto protectthe facilitiesfrom the vandalshowever vandalismcontinuesto be a significantproblem. The
trusteesplantocontinuetoaddresstheproblemandprotecttheclubsassets.cetoprovidereasonable assurance
against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
523969
Page 1
Thurcroft Institute & Recreation Ground
Report of the Trustees for the Year Ended 31 March 2021
Principal address
Katherine Street
Thurcroft
Rotherham
South Yorkshire
S66 9LB
Trustees
Ms C McCartan
P A Hill (resigned 1/11/2021)
Mrs C Walker (appointed 16/11/2021)
P Shackley
Approved by order of the board of trustees on 14 September 2022 and signed on its behalf by:
Ms C McCartan - Trustee
Page 2
Thurcroft Institute & Recreation Ground
Statement of Financial Activities for the Year Ended 31 March 2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
47,575
EXPENDITURE ON
Raising funds
Raising donations and legacies
2
1,732
1,732
Other
21,814
Total
23,546
NET INCOME/(EXPENDITURE)
24,029
RECONCILIATION OF FUNDS
Total funds brought forward
94,505
TOTAL FUNDS CARRIED FORWARD
118,534 |
Restricted
fund
£
-
-
-
14,085
14,085
(14,085)
513,084
498,999 |
2021
Total
funds
£
47,575
1,732
1,732
35,899
37,631
9,944
607,589
617,533 |
2020
Total
funds
£
28,795
25,739
25,739
25,329
51,068
(22,273)
629,862
607,589 |
|
|
|
|
The notes form part of these financial statements
Page 3
Thurcroft Institute & Recreation Ground
Balance Sheet
31 March 2021
Notes
FIXED ASSETS
Tangible assets
4
CURRENT ASSETS
Debtors
5
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
6
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
8
Unrestricted funds
Restricted funds
TOTAL FUNDS |
2021
£
544,089
31,615
43,437
75,052
(1,608)
73,444
617,533
617,533
118,534
498,999
617,533 |
2020
£
566,080
8,964
35,976
44,940
(3,431)
41,509
607,589
607,589
94,505
513,084
607,589 |
|
|
|
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 14 September2022 and
were signed on its behalf by:
C McCartan - Trustee
P Shackley - Trustee
The notes form part of these financial statements
Page 4
Thurcroft Institute & Recreation Ground
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Tangible fixed assets
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
Long leasehold- 4% on cost and 2% on cost
Plant and machinery- 10% on cost and 5% on cost
Fixtures and fittings- 20% on cost and 10% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
continued...
Page 5
Thurcroft Institute & Recreation Ground
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
2. RAISING DONATIONS AND LEGACIES
RAISING DONATIONS AND LEGACIES |
|
|
|
2021 |
2020 |
|
£ |
£ |
Support costs |
1,732 |
25,739 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021norforthe year
ended 31 March 2020.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2021norfortheyear ended
31 March 2020.
4. TANGIBLE FIXED ASSETS
TANGIBLE FIXED ASSETS |
|
|
|
|
COST
At 1 April 2020 and 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020 |
Long
leasehold
£
589,025
63,411
12,783
76,194
512,831
525,614 |
Plant and
machinery
£
28,124
17,863
2,611
20,474
7,650
10,261 |
Fixtures
and
fittings
£
81,320
51,115
6,597
57,712
23,608
30,205 |
Totals
£
698,469 |
|
|
|
|
132,389
21,991 |
|
|
|
|
154,380 |
|
|
|
|
544,089 |
|
|
|
|
566,080 |
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
VAT
Prepayments and accrued income |
2021
£
21,137
10,465
13
31,615 |
2020
£
-
8,951
13 |
|
|
8,964 |
continued...
Page 6
Thurcroft Institute & Recreation Ground
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
6.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
7.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
fund
£
Fixed assets
44,082
Current assets
75,052
Current liabilities
(600)
118,534
8.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS |
Restricted
fund
£
500,007
-
(1,008)
498,999
At 1/4/20
£
94,505
513,084
607,589
Incoming
resources
£
47,575
-
47,575 |
2021
2020
£
£
(2)
2,656
1,610
775
1,608
3,431
2021
2020
Total
Total
funds
funds
£
£
544,089
566,080
75,052
44,940
(1,608)
(3,431)
617,533
607,589
Net
movement
At
in funds
31/3/21
£
£
24,029
118,534
(14,085)
498,999
9,944
617,533
Resources
Movement
expended
in funds
£
£
(23,546)
24,029
(14,085)
(14,085)
(37,631)
9,944 |
|
|
|
continued...
Page 7
Thurcroft Institute & Recreation Ground
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
At 1/4/19
£
Unrestricted funds
General fund
102,298
Restricted funds
Restricted fund
527,564
TOTAL FUNDS
629,862
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
28,795
Restricted funds
Restricted fund
-
TOTAL FUNDS
28,795 |
Net
movement
At
in funds
31/3/20
£
£
(7,793)
94,505
(14,480)
513,084
(22,273)
607,589
Resources
Movement
expended
in funds
£
£
(36,588)
(7,793)
(14,480)
(14,480)
(51,068)
(22,273) |
|
|
9. RELATED PARTY DISCLOSURES
ThurcroftMinersWelfareInstituteandRecreationGroundSchemeSocialClubLimited,acompany registered
in England and Wales is a trading entity of the charity and during the year rent of £0 was received (2020 - £0).
At the year end the club owed the charity £21,137 (2020 (£2,655) ).
Page 8
Thurcroft Institute & Recreation Ground
INCOME AND ENDOWMENTS
Donations and legacies
Income from activities
Donations
Grants
Total incoming resources
EXPENDITURE
Other
Rates, water & electric
Insurance
Costs of hub activities
Repairs & maintenance
Support costs
Management
Telephone
Advertising
Finance
Plant and machinery
Other
Bank charges
Governance costs
Accountancy and legal fees
Total resources expended
Net income/(expenditure) |
Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
2021
2020
£
£
6,890
17,915
-
10,880
40,685
-
47,575
28,795
47,575
28,795
2,135
1,776
4,664
4,769
-
6,097
7,111
12,687
13,910
25,329
834
732
-
120
834
852
21,989
24,004
63
108
835
775
37,631
51,068
9,944
(22,273) |
|
|
This page does not form part of the statutory financial statements
Page 9