**REGISTERED CHARITY NUMBER: 523969**
**Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2023**
**for**
**Thurcroft Institute & Recreation Ground**
**Thurcroft Institute & Recreation Ground**
**Contents of the Financial Statements for the Year Ended 31 March 2023**
||**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 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The provision of a recreation ground and welfare institute for the benefit of the inhabitants (and in particular, but not exclusively, such of the said inhabitants as are members of the mining community) of the area of benefit without distinction of political, religious or other opinions with the object of improving the conditions of life for the said inhabitants.
## **Significant activities**
The principal activities of the company as a Charity is the provision of a recreation ground and welfare institute for the benefit of the area without distinction of political, religious or other opinion with the object of improving the conditions of life for the said inhabitants. During the year the charity has overseen the construction of a Local Hub, on the site of the recreational ground. This offers a completely new sports and social venue, providing both changing facilities for the existing sports ground, and additionally providing indoor facilities for community and sporting activities.
## **FINANCIAL REVIEW**
## **Reserves policy**
The charity has maintained a good level of reserves so as to improve the facilities at both the recreation ground and the Institute (Club). Due to the size and age of the Institute the trustees believe it is essential to hold 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.
There should be four nominated trustees and two elected trustees. Of the four nominated trustees two shall be appointed by the National Union of Mineworkers (Yorkshire Area) and two shall be appointed by CISWO. The two elected trustees must be appointed at the annual general meeting.
The day to day management is performed by the Secretary, whilst strategic and financial decisions are made by the trustees with input from the Secretary.
## **Related parties**
The Thurcroft Miners Welfare Institute and Recreational Ground Scheme Social Club Limited is required by covenant to pay its annual profits over to this charity.
## **Risk management**
The trustees believe they have addressed one major threat to the charity, of declining local inhabitants with connections to the mining industry by broadening the charities objectives to be inclusive of all local inhabitants. Another risk to the charity is vandalism to the amenities they provide. Over the years significant monies have been spent on trying to protect the facilities from the vandals however vandalism continues to be a significant problem. The trustees plan to continue to address the problem and protect the clubs assets.ce to provide reasonable 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 2023**
**Principal address** Katherine Street Thurcroft Rotherham South Yorkshire S66 9LB
## **Trustees**
Ms C McCartan Mrs C Walker P Shackley
Approved by order of the board of trustees on ............................................. 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 2023**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**25,213**
**EXPENDITURE ON**
**Raising funds**
Raising donations and legacies
2
**6,899**
**6,899**
Other
**16,029**
**Total**
**22,928**
**NET INCOME/(EXPENDITURE)**
**2,285**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**128,762**
**TOTAL FUNDS CARRIED FORWARD**
**131,047**|Restricted
fund
£
**-**
**13,966**
**13,966**
**-**
**13,966**
**(13,966)**
**484,914**
**470,948**|**2023**
**Total**
**funds**
**£**
**25,213**
**20,865**
**20,865**
**16,029**
**36,894**
**(11,681)**
**613,676**
**601,995**|2022
Total
funds
£
38,813
23,379
23,379
19,291
42,670
(3,857)
617,533
613,676|
|---|---|---|---|
The notes form part of these financial statements
Page 3
**Thurcroft Institute & Recreation Ground**
## **Balance Sheet**
## **31 March 2023**
|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**|**2023**
**£**
**504,165**
**36,964**
**61,787**
**98,751**
**(921)**
**97,830**
**601,995**
**601,995**
**131,047**
**470,948**
**601,995**|2022
£
522,591
32,363
53,943
86,306
4,779
91,085
613,676
613,676
128,762
484,914
613,676|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 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 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to 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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 5
**Thurcroft Institute & Recreation Ground**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2023**
## **2. RAISING DONATIONS AND LEGACIES**
|**RAISING DONATIONS AND LEGACIES**|||
|---|---|---|
||**2023**|2022|
||**£**|£|
|Support costs|**20,865**|23,379|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **4. TANGIBLE FIXED ASSETS**
|Long
leasehold
£
**COST**
At 1 April 2022 and 31 March 2023
**589,025**
**DEPRECIATION**
At 1 April 2022
**88,976**
Charge for year
**12,782**
At 31 March 2023
**101,758**
**NET BOOK VALUE**
At 31 March 2023
**487,267**
At 31 March 2022
500,049
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
VAT
Prepayments and accrued income|Plant and
machinery
£
**28,124**
**23,085**
**1,218**
**24,303**
**3,821**
5,039||Fixtures
and
fittings
£
**81,320**
**63,817**
**4,426**
**68,243**
**13,077**
17,503
**2023**
**£**
**24,724**
**12,227**
**13**
**36,964**|Totals
£
**698,469**
**175,878**
**18,426**
**194,304**
**504,165**
522,591
2022
£
21,137
11,213
13
32,363|
|---|---|---|---|---|
## **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 2023**
|**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
**7.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Unrestricted
fund
£
Fixed assets
**32,209**
Current assets
**99,759**
Current liabilities
**(921)**
**131,047**
**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
£
**471,956**
**(1,008)**
**-**
**470,948**
At 1/4/22
£
**128,762**
**484,914**
**613,676**
Incoming
resources
£
**25,213**
**-**
**25,213**|**2023**
2022
**£**
£
**1**
(7,224)
**920**
2,445
**921**
(4,779)
**2023**
2022
Total
Total
funds
funds
**£**
£
**504,165**
522,591
**98,751**
86,306
**(921)**
4,779
**601,995**
613,676
Net
movement
At
in funds
31/3/23
£
£
**2,285**
**131,047**
**(13,966)**
**470,948**
**(11,681)**
**601,995**
Resources
Movement
expended
in funds
£
£
**(22,928)**
**2,285**
**(13,966)**
**(13,966)**
**(36,894)**
**(11,681)**|
|---|---|---|
continued...
Page 7
**Thurcroft Institute & Recreation Ground**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2023**
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At 1/4/21
£
118,534
498,999
617,533|Net
movement
in funds
£
10,228
(14,085)
(3,857)|At
31/3/22
£
128,762
484,914
613,676|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**|Incoming
resources
£|Resources
expended
£|Movement
in funds
£|
|---|---|---|---|
|General fund|38,813|(28,585)|10,228|
|**Restricted funds**||||
|Restricted fund|-|(14,085)|(14,085)|
|**TOTAL FUNDS**|38,813|(42,670)|(3,857)|
## **9. RELATED PARTY DISCLOSURES**
Thurcroft Miners Welfare Institute and Recreation Ground Scheme Social Club Limited, a company registered in England and Wales is a trading entity of the charity and during the year rent of £0 was received (2022 - £0). At the year end the club owed the charity £24,724 (2022 - £28,360 ).
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**|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2023**
2023
2022
£
£
**24,108**
23,396
**1,105**
15,417
**25,213**
38,813
**25,213**
38,813
**951**
2,196
**7,027**
4,748
**2,313**
932
**5,738**
11,415
**16,029**
19,291
**864**
843
**-**
105
**18,427**
21,498
**18,427**
21,603
**104**
98
**1,470**
835
**36,894**
42,670
**(11,681)**
(3,857)|
|---|---|
|||
This page does not form part of the statutory financial statements
Page 9