2024-03-31-accounts - Cwm Betterment Recreation Fund

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Trustees’ Annual Report for the period

From 01/04/2023 Period start date To 31/03/2024 Period end date Charity name: Cwm Betterment Recreation Ground

Charity registration number: 524339

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Maintain the recreation grounds in accordance with the objectives of the Charity and promote future use in the locality as per the Authority’s approved budget, resolutions and policies.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Charity sets out to promote amateur sports use of facilities, thus helping the general public/mankind by operating buildings and facilities and open space playing fields for use by the members of the General Public.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees have ensured the maintenance of recreation grounds, and confirm that all the purposes of the Charity fulfils criteria that it can provide a benefit and that this benefit is extended to the general public

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The Charity has been successful in promoting amateur sport use of facilities, thus helping the general public/mankind by the operating of buildings and facilities and open space playing fields for the use by members of the General Public. The Trustees will promote further use in the locality in accordance with the Authority’s approved budget resolution and policies.

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	No reserves are held
Amount of reserves held	Para 1.22	£0
Reasons for holding zero reserves	Para 1.22	Operating deficit is fully funded by Blaenau Gwent CBC
Details of fund materially in deficit	Para 1.24	No funds are materially in deficit as fully funded by Blaenau Gwent CBC
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	n/a

Additional information (optional) You may choose to include further statements where relevant about:


The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust Deed Scheme of 23rdJuly 1952
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Not Applicable LA is Trustee

Additional information (optional) You may choose to include further statements where relevant about:


Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Cwm Betterment Recreation Ground
Other name the charity uses
Registered charity number	524339
Charity’s principal address	General Offices Steelworks Road Ebbw Vale Gwent NP23 6DN

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Name of person (or body) entitled to appoint trustee(if any)
Blaenau Gwent County Borough Council	Corporate Trustee	Blaenau Gwent CBC

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets Not applicable held in this capacity Name and objects of the Not applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address




Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

n/a

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Andrea Mary Jones Position (eg Secretary, Head of Legal & Corporate Chair, etc) Compliance Date 27Th March 2025

Charity Name: Cwm Betterment Recreation Fund	Charity Name: Cwm Betterment Recreation Fund	Charity Name: Cwm Betterment Recreation Fund	Charity No (if any)	524339
Annualaccountsforthe period
Period start date	01/04/2023	To	Period end date	31/03/2024

s Section A Statement of financial activities	s Section A Statement of financial activities	s Section A Statement of financial activities	s Section A Statement of financial activities	s Section A Statement of financial activities	s Section A Statement of financial activities
Recommended categories by activity Guidance Note Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 *Reconciliation of funds:* S21 S22 1 *Total* *Net movement in funds* Total funds brought forward *Total funds carried forward* *Total* Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
	23,885	-	-	23,885	1,216
	-	-	-	-	-
	-	-	-	-	-
	-	-		-	-
	-	-	-	-	-
	4,006	-	-	4,006	1,656
	27,891	-	-	27,891	2,872

	-	-	-	-	-
	27,891	-	-	27,891	2,872
	-	-	-	-	-
	-	-	-	-	-
	27,891	-	-	27,891	2,872

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-

	-	-	-	-	-
	-	-	-	-	-

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
-	-	-	-	-
12	-	-	12	12
-	-	-	-	-
-	-	-	-	-
12	-	-	12	12

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-

-	-	-	-	-

12	-	-	12	12

12	-	-	12	12
-	-	-	-	-

-	-	-	-	-

-			-	-
	-		-	-
		-	-	-
			-
-	-	-	-	-

Signature		Print Name		Date of approval dd/mm/yyyy
		G Taylor		27/02/2025

CC17a (Excel)

27/03/2025

Section C Notes to the accounts (cont)

Other informati TOTAL INCOM Other: Other trading activities: Income from investments: Separate material item of income: Note 3 Donations and legacies: Charitable activities:	Analysis of income Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
	Donations and gifts	23,885	-	-	23,885	1,216
	Gift Aid	-	-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donated goods, facilities and services	-	-	-	-	-
	Other	-	-	-	-
	Total	23,885	-	-	23,885	1,216

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Interest income	-	-	-	-	-
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual property rights	-	-	-	-	-
	Other	4,006	-	-	4,006	1,656
	Total	4,006	-	-	4,006	1,656
	on: E
		27,891	-	-	27,891	2,872

All income in the prior year was unrestricted except for: (please provide description and amounts)
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.


Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

CC17a (Excel)

27/03/2025

Section C Notes to the accounts (cont

Note 6 Analysis of expenditure

Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
Incurred seeking donations	-	-	-	-	-
Incurred seeking legacies	-	-	-	-	-
Incurred seeking grants
Operating membership schemes and social lotteries
Staging fundraising events
Fudraising agents
Operating charity shops
Operating a trading company undertaking non-charitable trading activity
Advertising, marketing, direct mail and publicity	-	-	-	-	-
Start up costs incurred in generating new source of future income	-	-	-	-	-
Database development costs	-	-	-	-	-
Other trading activities
Investment management costs:	-	-	-	-
Portfolio management costs	-	-	-	-	-
Cost of obtaining investment advice	-	-	-	-	-
Investment administration costs	-	-	-	-	-
Intellectual property licencing costs	-	-	-	-	-
Rent collection, property repairs and maintenance charges	-	-	-	-	-
	-	-	-	-	-
Total expenditure on raising funds	-	-	-	-	-

	27,891	-	-	27,891	2,872
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total expenditure on charitable activities	27,891	-	-	27,891	2,872

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total	-	-	-	-	-

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total other expenditure	-	-	-	-	-

	27,891	-	-	27,891	2,872

CC17a (Excel)

27/03/2025

Other information:

Analysis of expenditure on charitable activities

Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	*Total* *prior year*
	£	£	£	£	£
Providing the facilities Activity2	27,891			27,891	2872

Other
Total

Prior year expenditure on charitable activities can be analysed as follows:

Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)

CC17a (Excel)

27/03/2025

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets

Note 14 Tangible fixed assets	Tangible fixed assets	Tangible fixed assets	Tangible fixed assets	Tangible fixed assets	Tangible fixed assets	Tangible fixed assets
Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ £ £ At the beginning of the year 15,012 - - - 15,012 Additions - - - - - Revaluations - - - - - Disposals - - - - - Transfers - - - - - At end of the year 15,012 - - - 15,012 Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate At beginning of the year 15,000 - - - 15,000 Disposals - - - - - Depreciation - - - - - Impairment - - - - - Transfers - - - - - At end of the year 15,000 - - - 15,000 Net book value at the beginning of the year 12 - - - 12 Net book value at the end of the year 12 - - - 12 14.4 Impairment N/A Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. 14.3 Net book value 14.2 Depreciation and impairments 14.1 Cost or valuation Please complete this note if the charity has any tangible fixed assets*	Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ £ £ 15,012 - - - 15,012 - - - - - - - - - - - - - - - - - - - - 15,012 - - - 15,012 d impairments n *note if the charity has any tangible fixed assets*
	Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
	15,012	-	-	-	15,012
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	15,012	-	-	-	15,012
	d impairments
	SL or RB	SL or RB	SL or RB	SL or RB	SL or RB	Straight Line ("SL") or Reducing Balance ("RB")

			- - 15,000 - - - - - - - - - - - - - - 15,000 - - 12 - - 12 N/A
	15,000	-	-	-	15,000
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	15,000	-	-	-	15,000

	12	-	-	-	12
	12	-	-	-	12
			N/A

14.5 Revaluation *the name of independent valuer, if applicable* *the carrying amount that would have been* *recognised had the assets been carried under* *the cost model.* *(i) Please state the amount of borrowing costs,* *if any, capitalised in the construction of tangible* *fixed assets and the capitalisation rate used.* *the methods applied and significant* *assumptions* *If an accounting policy of revaluation is adopted,* *the effective date of the revaluation* 14.6 Other disclosures *(ii) Please provide the amount of contractual* *commitments for the acquisition of tangible fixed* *assets.* *(iii) Details of the existence and carrying* *amounts of property, plant and equipment to* *which the charity has restricted title or that are* *pledged as security for liabilities.*	*please provide:*
	N/A




	N/A
	N/A
	N/A

The "transfers" row is for movements between fixed asset categories.
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight

CC17a (Excel)

27/03/2025

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

*Movement in deferred income account* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	This year £	Last year £
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

27/03/2025

Charity Account Audit – Cwm Betterment Recreation Fund 2023/2024 CHARITY ACCOUNT AUDIT – CWM BETTERMENT RECREATION FUND

1. INTRODUCTION/OBJECTIVES

1.1. The Internal Audit Section of Blaenau Gwent County Borough Council has been appointed to perform the external scrutiny of the annual return for the charity “Cwm Betterment Recreation Fund”. This engagement will cover the annual return for the financial year 2023/24.
1.2. The audit was carried out with the assistance of, and in full consultation with, the Business Partner Finance for the purpose of the submission.

2. SCOPE OF THE AUDIT

2.1. The internal audit section has performed an external scrutiny engagement as prescribed by the Directions given by the Charity Commission under section 145(5)(b) of the Act.
2.2. This involved confirming that the accounts prepared by the Accountancy Section within Blaenau Gwent County Borough Council are true and fair by performing substantive testing and discussions with relevant persons using the directions mentioned above.

3. AUDIT RESPONSIBILITES AND BASIS OF REPORT

3.1. The charity trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
3.2. I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

4. INDEPENDENT EXAMINER’S STATEMENT AND CONCLUSION

4.1. 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:
Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
The accounts do not accord with those records.
4.2. 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.

Signed: Date: 26.03.25 Name: LOUISE ROSSER. Position: AUDIT & RISK MANAGER. Relevant professional qualification: FCCA. Address: THE GENERAL OFFICES, STEELWORKS ROAD, EBBW VALE, NP23 6DN.

Internal Audit Section – March 2025