**REGISTERED CHARITY NUMBER: 523969** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 March 2024** **for** **Thurcrof Insttute & Recreaton Ground** SMH BullockWoodburn Norfolk House Hardwick Square North Buxton SK17 6PU **Thurcrof Insttute & Recreaton Ground** ## **Contents of the Financial Statements for the Year Ended 31 March 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**
1||to|2| |**Independent Examiner's Report**
3|||| |**Statement of Financial Actvites**
4|||| |**Balance Sheet**
5|||| |**Notes to the Financial Statements**
6||to|10| |**Detailed Statement of Financial Actvites**
11||to|12| **Thurcrof Insttute & Recreaton Ground** ## **Report of the Trustees for the Year Ended 31 March 2024** The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 **Thurcrof Insttute & Recreaton Ground** ## **Report of the Trustees for the Year Ended 31 March 2024** ## **Principal address** Katherine Street Thurcroft Rotherham South Yorkshire S66 9LB ## **Trustees** Ms C McCartan Mrs C Walker P Shackley ## **Independent Examiner** SMH BullockWoodburn Norfolk House Hardwick Square North Buxton SK17 6PU Approved by order of the board of trustees on 26 March 2025 and signed on its behalf by: Ms C McCartan - Trustee Page 2 **Independent Examiner's Report to the Trustees of Thurcrof Insttute & Recreaton Ground** ## **Independent examiner's report to the trustees of Thurcroft Institute & Recreation Ground** I report to the charity trustees on my examination of the accounts of Thurcroft Institute & Recreation Ground (the Trust) for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jonathon Dickens ACA SMH BullockWoodburn Norfolk House Hardwick Square North Buxton SK17 6PU 30 April 2025 Page 3 **Thurcrof Insttute & Recreaton Ground** ## **Statement of Financial Actvites for the Year Ended 31 March 2024** |||||||**2024**|**2024**|||2023|2023| |---|---|---|---|---|---|---|---|---|---|---|---| |||Unrestricted|Restricted||||**Total**||||Total| |||fund||fund|||**funds**|||funds|| ||Notes|£||£|||**£**||||£| |**INCOME AND ENDOWMENTS FROM**|||||||||||| |Donatons and legacies||**29,408**||**-**|||**29,408**||||25,213| |**Charitable actvites**
Donatons||**(25,785)**||**-**||**(25,785)**|||||-| |||Other trading|actvites||2|**3,104**||**-**|**3,104**||-| |||Investment income|||3|**6,000**||**-**|**6,000**||-| |||**Total**||||**12,727**||**- **|**12,727**||25,213| |**EXPENDITURE ON**|||||||||||| |**Raising funds**|||||||||||| |||Raising donatons and|||4|**2,791**||**-**|**2,791**||20,865| |||legacies|||||||||| |||Other trading|actvites|||**2,070**||**-**|**2,070**||-| |||Investment|||5|**14,944**||**- **|**14,944**||-| |||management|costs||||||||| |||**19,805**||**-**|||**19,805**||||20,865| |**Charitable actvites**|||||||||||| |Donatons||**14,830**||**-**|||**14,830**||||-| |||Other||||**27,893 **|**12,794 **||**40,687**||16,029| |||**Total**||||**62,528 **|**12,794 **||**75,322**||36,894| |**NET INCOME/(EXPENDITURE)**||**(49,801)**|**(12,794)**|||**(62,595)**||||(11,681)|| |**RECONCILIATION OF FUNDS**|||||||||||| |Total funds brought forward||**131,047**|**470,948**|||**601,995**|||||613,676| |||**TOTAL FUNDS CARRIED**||||**81,246 **|**458,15**||**539,40**||601,99| |||**FORWARD**||||||**4**||**0**|5| The notes form part of these financial statements Page 4 ## **Thurcrof Insttute & Recreaton Ground** |**Balance Sheet**
**31**
**March**
**2024**
Notes
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
**CREDITORS**
Amounts falling due within one year
10
**TOTAL ASSETS LESS CURRENT LIABILITIES**|**2024**
2023
**£**
£
**492,783**
504,165
Stocks
8
**1,8**
**32**
-
Debtors
9
**(6,**
**38**
**4)**
36,
964
Cash at bank and in
hand
**56,**
**18**
**1**
61,
787
**51,629**
98,751
**(5,012)**
(921)
**NET CURRENT**
**ASSETS**
**46,**
**61**
**7**
97,
830
**539,400**
601,995
**NET ASSETS**
**53**
**9,4**
**00**
601
,99
5
**FUNDS**
12
Unrestricted funds
**81,**
**246**
131
,04
7
Restricted funds
**458**
**,15**
**4**
470
,94
8
**TOTAL FUNDS**
**539**
**,40**
**0**
601
,99
5|**2024**
2023
**£**
£
**492,783**
504,165
Stocks
8
**1,8**
**32**
-
Debtors
9
**(6,**
**38**
**4)**
36,
964
Cash at bank and in
hand
**56,**
**18**
**1**
61,
787
**51,629**
98,751
**(5,012)**
(921)
**NET CURRENT**
**ASSETS**
**46,**
**61**
**7**
97,
830
**539,400**
601,995
**NET ASSETS**
**53**
**9,4**
**00**
601
,99
5
**FUNDS**
12
Unrestricted funds
**81,**
**246**
131
,04
7
Restricted funds
**458**
**,15**
**4**
470
,94
8
**TOTAL FUNDS**
**539**
**,40**
**0**
601
,99
5| |---|---|---| |||**539**
**,40**
**0**
601
,99
5| The financial statements were approved by the Board of Trustees and authorised for issue on 26 March 2025 and were signed on its behalf by: The notes form part of these financial statements Page 5 C McCartan - Trustee P Shackley - Trustee The notes form part of these financial statements Page 5 **Thurcrof Insttute & Recreaton Ground** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **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 ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **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 6 **Thurcrof Insttute & Recreaton Ground** ## **Notes to the Financial Statements - contnued for the Year Ended 31 March 2024** |**2.**|**OTHER TRADING ACTIVITIES**||| |---|---|---|---| ||**2024**|2023|| ||**£**|£|| ||Bar income|**3,1**|-| |||**04**|| |**3.**|**INVESTMENT INCOME**||| ||**2024**|2023|| ||**£**|£|| ||Rents received**6,0**||-| |||**00**|| |**4.**|**RAISING DONATIONS AND LEGACIES**||| ||**2024**|2023|| ||**£**|£|| ||Support costs|**2,7**|20,| |||**91**|86| ||||5| |**5.**|**INVESTMENT MANAGEMENT COSTS**||| ||**2024**|2023|| ||**£**|£|| ||Support costs|**14,**|-| |||**94**|| |||**4**|| |**6.**|**TRUSTEES' REMUNERATION AND BENEFITS**||| ||There were no trustees' remuneraton or other benefts for the year ended 31 March 2024 nor for the||year| ||ended 31 March 2023.||| ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **7. TANGIBLE FIXED ASSETS** |**COST**
**DEPRECIATION**|Fixtures
Long
Plant and
and
leasehold
machinery
ftngs
Totals
£
£
£
£
At 1 April 2023
**589,02**
**5**
**28,124 81,320 698,46**
**9**
Additons
**-**
**5,900**
**-**
**5,900**
At 31 March 2024
**589,02**
**5**
**34,024 81,320 704,36**
**9**
At 1 April 2023
**101,75 24,303 68,243 194,30**| |---|---| continued... Page 7 ## **NET BOOK VALUE** ||**8**||**4**| |---|---|---|---| |Charge for year|**12,783**|**1,245**|**3,254 17,282**| |At 31 March 2024|**114,54**|**25,548 **|**71,497 211,58**| ||**1**||**6**| |At 31 March 2024|**474,48**|**8,476**|**9,823 492,78**| ||**4**||**3**| |At 31 March 2023|487,26|3,821|13,077 504,16| ||7||5| continued... Page 7 **Thurcrof Insttute & Recreaton Ground** ## **Notes to the Financial Statements - contnued for the Year Ended 31 March 2024** |**8.**|**STOCKS**|||||||||| |---|---|---|---|---|---|---|---|---|---|---| |||||**2024**|||2023|||| |||||**£**||||£||| |||||Stocks||||**1,8**||-| |||||||||**32**||| |**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||||||| |||||**2024**|||2023|||| |||||**£**||||£||| ||Other debtors|||**(8,864)**||||24,724||| ||VAT|||**2,467**||||12,227||| ||Prepayments and accrued income|||**13**||||13||| |||||**(6,384)**||||36,964||| |**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||||||| |||||**2024**|||2023|||| |||||**£**||||£||| |||||Trade creditors||||
**1**||1| |||||Taxaton and||||**2,0**||-| |||||social security||||**70**||| |||||Other creditors||||**2,9**|92|| |||||||||**41**||0| |||||**5,012**||||921||| |**11.**|**ANALYSIS OF NET ASSETS BETWEEN FUNDS**|||||||||| |||||**2024**|||2023|||| ||Unrestricted|Restricted||Total|||Total|||| ||fund|fund||funds|||funds|||| ||£|£||**£**||||£||| ||Fixed assets||**33,621 **|**459,16**|**492,78**|||504,16||| |||||**2**|||**3**|||5| ||Current assets||**52,637 **|**(1,008) **|**51,629**|||98,751||| ||Current liabilites||**(5,012)**|**- **|**(5,012)**|||(921)||| ||**81,246**|**458,154**||**539,400**||||601,995||| |**12.**|**MOVEMENT IN FUNDS**|||||||||| |||||Net||||||| ||||movement|||||At||| |||At 1/4/23|in funds|||31/3/24||||| |||£||£||||£||| ||**Unrestricted funds**|||||||||| ||General fund|**131,047**|**(49,801)**|||||**81,246**||| ||**Restricted funds**|||||||||| ||Restricted fund|**470,948**|**(12,794)**||||**458,154**|||| |||**TOTAL FUNDS**||**601,9 **||**(62,5539,4**||||| continued... Page 8 95 951 00 Page 8 continued... **Thurcrof Insttute & Recreaton Ground** ## **Notes to the Financial Statements - contnued for the Year Ended 31 March 2024** ## **12. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |Incoming|Incoming|Resources|Resources||Movement| |---|---|---|---|---|---| |resources||expended|||in funds| ||£||£||£| |**Unrestricted funds**|||||| |General fund|**12,727**||**(62,528)**||**(49,801)**| |**Restricted funds**|||||| |Restricted fund|**-**||**(12,794)**||**(12,794)**| ||**TOTAL**|**FUNDS**||**12,7**|**(75,3**
**(62,5**| |||||**27**|**22)**
**95)**| |**Comparatves for movement in funds**|||||| ||||Net||| |||movement|||At| |At 1/4/22|||in funds||31/3/23| ||£||£||£| |**Unrestricted funds**|||||| |General fund|128,762||2,285||131,047| |**Restricted funds**|||||| |Restricted fund|484,914||(13,966)||470,948| ||**TOTAL FUNDS**||
613,6||(11,6
601,9| |||||76|81)
95| |Comparatve net movement in funds, included in the above are as follows:|||||| |Incoming||Resources|||Movement| |resources||expended|||in funds| ||£||£||£| |**Unrestricted funds**|||||| |General fund|25,213||(22,928)||2,285| |**Restricted funds**|||||| |Restricted fund|-||(13,966)||(13,966)| ||**TOTAL**|**FUNDS**||25,2|(36,8
(11,6| |||||13|94)
81)| continued... Page 9 **Thurcrof Insttute & Recreaton Ground** ## **Notes to the Financial Statements - contnued for the Year Ended 31 March 2024** ## **13. 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 £6,000 was received (2023 - £0). At the year end the charity owed the club £8,864 (2023 - owed to charity £24,724). Page 10 ## **Thurcrof Insttute & Recreaton Ground** |**INCOME AND ENDOWMENTS**
**Donatons and legacies**
**Other trading actvites**
Bar income
**Investment income**
Rents received
**Charitable actvites**
Grants
**Total incoming resources**
**EXPENDITURE**
**Other trading actvites**
**Charitable actvites**
Wages
**Other**|**Detailed Statement of Financial Actvites**
**for the Year Ended 31**
**March**
**2024**
2024
2023
£
£
Income from
actvites
**25,**
**29**
**3**
24,
10
8
Grants
**4,1**
**15**
1,1
05
**29,408**
25,213
**3,104**
-
**6,000**
-
**(25,785)**
-
**12,727**
25,213
Purchases
**1,9**
**77**
-
Wages
**1,9**
**25**
-
Closing stock
**(1,**
**83**
**2)**
-
**2,070**
-
**14,830**
-
Rates, water &
electric
**48**
**4**
95
1
Insurance
**7,1**
**76**
7,0
27
Costs of hub
actvites
**51**
**4**
2,3
13
Repairs &
maintenance
**15,**
**23**
**1**
5,7
38
**23,405**
16,029|**Detailed Statement of Financial Actvites**
**for the Year Ended 31**
**March**
**2024**
2024
2023
£
£
Income from
actvites
**25,**
**29**
**3**
24,
10
8
Grants
**4,1**
**15**
1,1
05
**29,408**
25,213
**3,104**
-
**6,000**
-
**(25,785)**
-
**12,727**
25,213
Purchases
**1,9**
**77**
-
Wages
**1,9**
**25**
-
Closing stock
**(1,**
**83**
**2)**
-
**2,070**
-
**14,830**
-
Rates, water &
electric
**48**
**4**
95
1
Insurance
**7,1**
**76**
7,0
27
Costs of hub
actvites
**51**
**4**
2,3
13
Repairs &
maintenance
**15,**
**23**
**1**
5,7
38
**23,405**
16,029|**Detailed Statement of Financial Actvites**
**for the Year Ended 31**
**March**
**2024**
2024
2023
£
£
Income from
actvites
**25,**
**29**
**3**
24,
10
8
Grants
**4,1**
**15**
1,1
05
**29,408**
25,213
**3,104**
-
**6,000**
-
**(25,785)**
-
**12,727**
25,213
Purchases
**1,9**
**77**
-
Wages
**1,9**
**25**
-
Closing stock
**(1,**
**83**
**2)**
-
**2,070**
-
**14,830**
-
Rates, water &
electric
**48**
**4**
95
1
Insurance
**7,1**
**76**
7,0
27
Costs of hub
actvites
**51**
**4**
2,3
13
Repairs &
maintenance
**15,**
**23**
**1**
5,7
38
**23,405**
16,029|**Detailed Statement of Financial Actvites**
**for the Year Ended 31**
**March**
**2024**
2024
2023
£
£
Income from
actvites
**25,**
**29**
**3**
24,
10
8
Grants
**4,1**
**15**
1,1
05
**29,408**
25,213
**3,104**
-
**6,000**
-
**(25,785)**
-
**12,727**
25,213
Purchases
**1,9**
**77**
-
Wages
**1,9**
**25**
-
Closing stock
**(1,**
**83**
**2)**
-
**2,070**
-
**14,830**
-
Rates, water &
electric
**48**
**4**
95
1
Insurance
**7,1**
**76**
7,0
27
Costs of hub
actvites
**51**
**4**
2,3
13
Repairs &
maintenance
**15,**
**23**
**1**
5,7
38
**23,405**
16,029|**Detailed Statement of Financial Actvites**
**for the Year Ended 31**
**March**
**2024**
2024
2023
£
£
Income from
actvites
**25,**
**29**
**3**
24,
10
8
Grants
**4,1**
**15**
1,1
05
**29,408**
25,213
**3,104**
-
**6,000**
-
**(25,785)**
-
**12,727**
25,213
Purchases
**1,9**
**77**
-
Wages
**1,9**
**25**
-
Closing stock
**(1,**
**83**
**2)**
-
**2,070**
-
**14,830**
-
Rates, water &
electric
**48**
**4**
95
1
Insurance
**7,1**
**76**
7,0
27
Costs of hub
actvites
**51**
**4**
2,3
13
Repairs &
maintenance
**15,**
**23**
**1**
5,7
38
**23,405**
16,029| |---|---|---|---|---|---| ||||||| ||||||| ||||||25,213
-
-
-| |||||**12,727**
Purchases
Wages
Closing stock
**2,070**
**14,830**
Rates, water &
electric
Insurance
Costs of hub
actvites
Repairs &
maintenance
**23,405**|25,213
**1,9**
**77**
-
**1,9**
**25**
-
**(1,**
**83**
**2)**
-| ||||||-
-
**48**
**4**
95
1
**7,1**
**76**
7,0
27
**51**
**4**
2,3
13
**15,**
**23**
**1**
5,7
38| ||||||16,029| This page does not form part of the statutory financial statements Page 11 **Support costs Management** Telephone **Finance** |**1,109**
Light and heat
Plant and
machinery
**32,226**|864
**14,**
**94**
**4**
-
**17,**
**28**
**2**
18,
42
7| |---|---| ||18,427| This page does not form part of the statutory financial statements Page 11 **Thurcrof Insttute & Recreaton Ground** ||**Thurcrof Insttute & Recreaton Ground**| |---|---| |**Finance**
**Other**
Bank charges
**Governance costs**|**Detailed Statement of Financial Actvites**
**for the Year Ended 31**
**March**
**2024**
2024
2023
£
£
**382**
104
Accountancy and
legal fees
**1,3**
**00**
1,4
70
Total resources
expended
**75,**
**32**
**2**
36,
89
4
**Net expenditure (62**
**,59**
**5)**
(11
,68
1)| ||| This page does not form part of the statutory financial statements Page 12