``` 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 ```