PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE
Friendship Group, Dominoes, Bingo, Tea Dance, Tribal Dancing, Snooker, Line Dancing, Carpet Bowls, Whist Drive, Irish Country Dancing, Scottish Country Dancing, Ballroom Dancing, Table Tennis, Drum Classes and Children's Dance Class, Taekwondo, PIYo, Tai Chi and Eskrima. We also have 2 large halls and a kitchen which are rented out for children's parties, discos, over 50's lunches.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves decreased to £4,634 from £8,527 in the prior year, while restricted reserves stood at £11,607. The charity reported a net expenditure of £4,941 against incoming resources of £41,662, resulting in a net movement in funds of £(4,941). The trustees note that the going concern assumption depends on continued grant funding support.
What the accounts disclose
“The financial statements have been prepared on the going concern basis which assumes that the Welfare Centre will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of grant funding, which the Board of Trustees is confident will continue.”
Trustees
- Lynsey Marconchair
- Alan George Sambrook
- David Embleton Young
- Jennifer Hunter
- Pauline Carr
- Peter Vincent Morano
- Stephanie Morgan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £37k | £42k |
| 31/12/2023 | £35k | £39k |
| 31/12/2022 | £37k | £37k |
| 31/12/2021 | £38k | £44k |
| 31/12/2020 | £32k | £37k |
Common questions
Is PEGSWOOD RECREATION GROUND AND SOCIAL WELFARE CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves decreased to £4,634 from £8,527 in the prior year, while restricted reserves stood at £11,607. The charity reported a net expenditure of £4,941 against incoming resources of £41,662, resulting in a net movement in funds of £(4,941). The trustees note that the going concern assumption depends on continued grant funding support. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 24/01/2020 | £2k | Health through Activity |
| The National Lottery Community Fund | 17/06/2005 | £2k | Over 50s club |
| The National Lottery Heritage Fund | 06/10/2003 | £39k | "Pegswood Mining Heritage Project" |