REGISTERED CHARITY NUMBER: 523969
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Thurcroft Institute & Recreation Ground
SMH BullockWoodburn
Norfolk House
Hardwick Square North
Buxton
SK17 6PU
Thurcroft Institute & Recreation Ground
Contents of the Financial Statements for the Year Ended 31 March 2025
|
Page |
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 |
Statement of Financial Activities |
4 |
Balance Sheet |
5 |
Notes to the Financial Statements |
6 to 10 |
Detailed Statement of Financial Activities |
11 to 12 |
Thurcroft Institute & Recreation Ground
Report of the Trustees for the Year Ended 31 March 2025
Thetrusteespresenttheirreportwiththefinancialstatementsof thecharityfortheyearended31 March2025. 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 2025
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 7 September 2025 and signed on its behalf by:
Ms C McCartan - Trustee
Page 2
Independent Examiner's Report to the Trustees of
Thurcroft Institute & Recreation Ground
Independent examiner's report to the trustees of Thurcroft Institute & Recreation Ground
IreporttothecharitytrusteesonmyexaminationoftheaccountsofThurcroftInstitute&RecreationGround (the
Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.
Independent examiner's statement
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich 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
20 November 2025
Page 3
Thurcroft Institute & Recreation Ground
Statement of Financial Activities
for the Year Ended 31 March 2025
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
24,485
Charitable activities
Donations
(164)
Other trading activities
2
12,188
Investment income
3
14,252
Total
50,761
EXPENDITURE ON
Raising funds
Raising donations and legacies
4
552
Other trading activities
11,516
Investment management costs
5
1
12,069
Charitable activities
Grounds maintenance
32,739
Other
23,847
Total
68,655
NET INCOME/(EXPENDITURE)
(17,894)
RECONCILIATION OF FUNDS
Total funds brought forward
81,246
TOTAL FUNDS CARRIED FORWARD
63,352 |
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
12,793
12,793
(12,793)
458,154
445,361 |
2025
Total
funds
£
24,485
(164)
12,188
14,252
50,761
552
11,516
1
12,069
32,739
36,640
81,448
(30,687)
539,400
508,713 |
2024
Total
funds
£
29,408
(25,785)
3,104
6,000
12,727
2,791
2,070
14,944
19,805
14,830
40,687
75,322
(62,595)
601,995
539,400 |
|
|
|
|
The notes form part of these financial statements
Page 4
Thurcroft Institute & Recreation Ground
Balance Sheet
31 March 2025
Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Stocks
8
Debtors
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS |
2025
£
475,355
1,530
(23,412)
65,966
44,084
(10,726)
33,358
508,713
508,713
63,352
445,361
508,713 |
2024
£
492,783
1,832
(6,384)
56,181
51,629
(5,012)
46,617
539,400
539,400
81,246
458,154
539,400 |
|
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|
The financialstatementswere approvedbytheBoardof Trusteesandauthorisedforissueon7 September2025 and
were signed on its behalf by:
C McCartan - Trustee
P Shackley - Trustee
The notes form part of these financial statements
Page 5
Thurcroft Institute & Recreation Ground
Notes to the Financial Statements for the Year Ended 31 March 2025
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
Stocks
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete 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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
continued...
Page 6
Thurcroft Institute & Recreation Ground
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
2. OTHER TRADING ACTIVITIES
Bar income
3.
INVESTMENT INCOME
Rents received
Interest receivable - trading
4.
RAISING DONATIONS AND LEGACIES
Support costs
5.
INVESTMENT MANAGEMENT COSTS
Interest payable and similar charges
Support costs |
2025
£
12,188
2025
£
14,250
2
14,252
2025
£
552
2025
£
1
-
1 |
2024
£
3,104 |
|
|
2024
£
6,000
- |
|
|
6,000 |
|
|
2024
£
2,791
2024
£
-
14,944 |
|
|
14,944 |
6. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norforthe year
ended 31 March 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2025norfortheyear ended
31 March 2024.
continued...
Page 7
Thurcroft Institute & Recreation Ground
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
7. TANGIBLE FIXED ASSETS
Long
leasehold
£
COST
At 1 April 2024 and 31 March 2025
589,025
DEPRECIATION
At 1 April 2024
114,541
Charge for year
12,782
At 31 March 2025
127,323
NET BOOK VALUE
At 31 March 2025
461,702
At 31 March 2024
474,484
8.
STOCKS
Stocks
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
VAT
Prepayments and accrued income
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors |
Plant and
machinery
£
34,024
25,548
1,392
26,940
7,084
8,476 |
|
Fixtures
and
fittings
£
81,320
71,497
3,254
74,751
6,569
9,823
2025
£
1,530
2025
£
(23,425)
-
13
(23,412)
2025
£
72
6,596
4,058
10,726 |
Totals
£
704,369
211,586
17,428
229,014
475,355
492,783
2024
£
1,832
2024
£
(8,864)
2,467
13
(6,384)
2024
£
1
2,070
2,941
5,012 |
Totals
£
704,369
211,586
17,428
229,014
475,355
492,783
2024
£
1,832
2024
£
(8,864)
2,467
13
(6,384)
2024
£
1
2,070
2,941
5,012 |
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continued...
Page 8
Thurcroft Institute & Recreation Ground
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
fund
£
Fixed assets
28,987
Current assets
45,092
Current liabilities
(10,727)
63,352
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
£
446,368
(1,008)
1
445,361
At 1/4/24
£
81,246
458,154
539,400
Incoming
resources
£
50,761
-
50,761 |
2025
2024
Total
Total
funds
funds
£
£
475,355
492,783
44,084
51,629
(10,726)
(5,012)
508,713
539,400
Net
movement
At
in funds
31/3/25
£
£
(17,894)
63,352
(12,793)
445,361
(30,687)
508,713
Resources
Movement
expended
in funds
£
£
(68,655)
(17,894)
(12,793)
(12,793)
(81,448)
(30,687) |
|
|
|
12.MOVEMENT IN FUNDS
continued...
Page 9
Thurcroft Institute & Recreation Ground
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS |
At 1/4/23
£
131,047
470,948
601,995 |
Net
movement
in funds
£
(49,801)
(12,794)
(62,595) |
At
31/3/24
£
81,246
458,154 |
|
|
|
539,400 |
Comparative net movement in funds, included in the above are as follows:
|
Incoming |
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 |
12,727 |
(75,322) |
(62,595) |
13. RELATED PARTY DISCLOSURES
ThurcroftMinersWelfareInstituteandRecreationGroundSchemeSocialClubLimited,acompany registered
in Englandand Wales is a tradingentity of the charityand duringthe year rent of £12,000 was received (2024 -
£6,000).
At the year end the charity owed the club £23,425 (2024 £8,864).
Page 10
Thurcroft Institute & Recreation Ground
INCOME AND ENDOWMENTS
Donations and legacies
Income from activities
Grants
Other trading activities
Bar income
Investment income
Rents received
Interest receivable - trading
Charitable activities
Grants
Total incoming resources
EXPENDITURE
Other trading activities
Opening stock
Purchases
Wages
Closing stock
Investment management costs
Bank interest
Charitable activities
Wages
Other
Rates, water & electric
Insurance
Costs of hub activities
Repairs & maintenance
Support costs |
Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
2025
2024
£
£
24,485
25,293
-
4,115
24,485
29,408
12,188
3,104
14,250
6,000
2
-
14,252
6,000
(164)
(25,785)
50,761
12,727
1,832
-
5,676
1,977
5,538
1,925
(1,530)
(1,832)
11,516
2,070
1
-
32,739
14,830
2,127
484
-
7,176
60
514
3,005
15,231
5,192
23,405 |
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|
This page does not form part of the statutory financial statements
Page 11
Thurcroft Institute & Recreation Ground
Support costs
Management
Telephone
Finance
Light and heat
Professional fees
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 2025
2025
2024
£
£
1,854
1,109
7,656
14,944
96
-
17,428
17,282
25,180
32,226
456
382
4,510
1,300
81,448
75,322
(30,687)
(62,595) |
|
|
This page does not form part of the statutory financial statements
Page 12