REGISTERED CHARITY NUMBER: 523969
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Thurcroft Institute & Recreation Ground
Thurcroft Institute & Recreation Ground
Contents of the Financial Statements for the Year Ended 31 March 2022
|
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 2022
Thetrusteespresenttheirreportwiththefinancialstatementsof thecharityfortheyearended31 March2022. 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 2022
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 2022
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
38,813
EXPENDITURE ON
Raising funds
Raising donations and legacies
2
9,294
9,294
Other
19,291
Total
28,585
NET INCOME/(EXPENDITURE)
10,228
RECONCILIATION OF FUNDS
Total funds brought forward
118,534
TOTAL FUNDS CARRIED FORWARD
128,762 |
Restricted
fund
£
-
14,085
14,085
-
14,085
(14,085)
498,999
484,914 |
2022
Total
funds
£
38,813
23,379
23,379
19,291
42,670
(3,857)
617,533
613,676 |
2021
Total
funds
£
47,575 |
|
|
|
1,732 |
|
|
|
1,732
35,899 |
|
|
|
37,631 |
|
|
|
9,944
607,589 |
|
|
|
617,533 |
The notes form part of these financial statements
Page 3
Thurcroft Institute & Recreation Ground
Balance Sheet
31 March 2022
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 |
2022
£
522,591
32,363
53,943
86,306
4,779
91,085
613,676
613,676
128,762
484,914
613,676 |
2021
£
544,089
31,615
43,437
75,052
(1,608)
73,444
617,533
617,533
118,534
498,999
617,533 |
|
|
|
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 2022
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 2022
2. RAISING DONATIONS AND LEGACIES
RAISING DONATIONS AND LEGACIES |
|
|
|
2022 |
2021 |
|
£ |
£ |
Support costs |
23,379 |
1,732 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2022norforthe year
ended 31 March 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2022norfortheyear ended
31 March 2021.
4. TANGIBLE FIXED ASSETS
TANGIBLE FIXED ASSETS |
|
|
|
|
|
Long
leasehold
£
COST
At 1 April 2021 and 31 March 2022
589,025
DEPRECIATION
At 1 April 2021
76,194
Charge for year
12,782
At 31 March 2022
88,976
NET BOOK VALUE
At 31 March 2022
500,049
At 31 March 2021
512,831
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
VAT
Prepayments and accrued income |
Plant and
machinery
£
28,124
20,474
2,611
23,085
5,039
7,650 |
|
Fixtures
and
fittings
£
81,320
57,712
6,105
63,817
17,503
23,608
2022
£
21,137
11,213
13
32,363 |
Totals
£
698,469 |
|
|
|
|
|
154,380
21,498 |
|
|
|
|
|
175,878 |
|
|
|
|
|
522,591 |
|
|
|
|
|
544,089 |
|
|
|
|
|
|
2021
£
21,137
10,465
13 |
|
|
|
|
|
31,615 |
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
continued...
Page 6
Thurcroft Institute & Recreation Ground
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
6.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
7.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
fund
£
Fixed assets
36,670
Current assets
86,306
Current liabilities
5,786
128,762
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
£
485,921
-
(1,007)
484,914
At 1/4/21
£
118,534
498,999
617,533
Incoming
resources
£
38,813
-
38,813 |
2022
2021
£
£
(7,224)
(2)
2,445
1,610
(4,779)
1,608
2022
2021
Total
Total
funds
funds
£
£
522,591
544,089
86,306
75,052
4,779
(1,608)
613,676
617,533
Net
movement
At
in funds
31/3/22
£
£
10,228
128,762
(14,085)
484,914
(3,857)
613,676
Resources
Movement
expended
in funds
£
£
(28,585)
10,228
(14,085)
(14,085)
(42,670)
(3,857) |
|
|
|
continued...
Page 7
Thurcroft Institute & Recreation Ground
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
At 1/4/20
£
Unrestricted funds
General fund
94,505
Restricted funds
Restricted fund
513,084
TOTAL FUNDS
607,589
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
47,575
Restricted funds
Restricted fund
-
TOTAL FUNDS
47,575 |
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 |
|
|
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 (2021 - £0).
At the year end the club owed the charity £28,360 (2021 £21,137 ).
Page 8
Thurcroft Institute & Recreation Ground
INCOME AND ENDOWMENTS
Donations and legacies
Income from activities
Grants
Total incoming resources
EXPENDITURE
Other
Rates, water & electric
Insurance
Costs of hub activities
Repairs & maintenance
Support costs
Management
Telephone
Finance
Light and heat
Plant and machinery
Other
Bank charges
Governance costs
Accountancy and legal fees
Total resources expended
Net (expenditure)/income |
Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
2022
2021
£
£
23,396
6,890
15,417
40,685
38,813
47,575
38,813
47,575
2,196
2,135
4,748
4,664
932
-
11,415
7,111
19,291
13,910
843
834
105
-
21,498
21,989
21,603
21,989
98
63
835
835
42,670
37,631
(3,857)
9,944 |
Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
2022
2021
£
£
23,396
6,890
15,417
40,685
38,813
47,575
38,813
47,575
2,196
2,135
4,748
4,664
932
-
11,415
7,111
19,291
13,910
843
834
105
-
21,498
21,989
21,603
21,989
98
63
835
835
42,670
37,631
(3,857)
9,944 |
|
|
|
|
|
47,575 |
|
|
47,575
2,135
4,664
-
7,111 |
|
|
13,910
834
-
21,989 |
|
|
21,989
63
835 |
|
|
37,631 |
|
|
9,944 |
This page does not form part of the statutory financial statements
Page 9