Conipany I'egisti'ation niiinber= 026519?3 Cl)ai'ity I'egisli'ation nuiiibei-: l 014259 Willen Pavilion (A coinpany limited by giiai'antee) Annual Ilepoi't and Financial Sialeiiients for the Yeai. Ei)ded 31 Mat'ch 2025 Micl)ael J Eiiiei'y & Co Limited Cliai'lered Accountants 22 Si. John Sli'eet NeNvpoi'l Pagnell Biickinghai))sliii'e MK16 8HJ
Willen Pavilion Coiiteiits Refeitnce and Adiiiinisli'alive Details 'ri'ustees' Repoi'l 2104 Sialenient of Trustees, Respoiisibilities Independent Exaininei s Repoi-L Stateinent of Fiiiaiicial Aclivilies Balance Sheet Notes lo Il)e Finaiieial Stateiiienls 9t0 14 Detailed Siateinent of Financial Aclivities 15to 16
Willeji Pavilion Refei'eiice aiid Administi'ative Details Ti'ustees MI. SA Kelmaii MI. DGW Pi-eston Mi. J Miii'pliy Mi. S Bi'unning 28 Poi'iland Drive Willei) Milton Keynes Biickiiighaiiishire MK15 9JP The chai'ily is incoi'poi'ated in England and W11 les leompany regisli-ation IILiiiibei': 026519231. 0265 1923 Pi'iiicii)al Offiee Conipaiiy Registi-ation Nuii)bei' Chl'ltY Registi'atioii Nunibei. 1014259 Iiidepeiident xainiiiei. Micliael J Einei'y & Co Liiniled Cliai'lei'ed Accouiitai)ts 22 St. John Sti'eet Neivpoi't Pagiiell Buekingl)ai)Isliii'e MK16 8HJ Page I
Willen Pavilion Ti"ustees' Repoi't The tl'LlStees, H'ho are dii'ectoi's for tlie pui'poses of coiiipany law, pi'cseni il)e annual IEpoi't logeiliei. Ivitli the finaiici(Il staleinenls of tlie chai'it¢ible compl< ny foi. Ilie yeai. ended 31 Mai'¢h 2025. Objectives aiid Activities Objoets aiid Aiiiis Tlie cl)arity's pi'iiieipal objectives al'e: To pi'oinote the benetil ot tlie inhabitants ol. Willen, Willen Park and Bolbcek l)ai'k and tlie neighboui'liood L)y associaliiig logeihei. Ivith the said inhabilanls, tlie loeal autl)oi'itie.8, volunlai'y and othei- oigaiiisalions iii a coiiinioii etfoi'l lo advance and to pi'ovidc facilities in tlie inlei'esl ot social Mielt-ai-e foi. i-eci'eatioi) and leisLlI'e-tiine OCCLipation Ivitli tlie object of inipi'ovii)g Ilie coiidilions of life foi- Ilie said inliabitanls. To establish, oi. secui'e the eslablisliinenl of, a coiiimunily cenli'e and to n)aii)lain and Iiiaiiage the saiiie (whether doiie oi. in co-opci'ation iiritli any Ioc(?l aLltlioi'ily oi. otl)ei' pei'son or body) in fuitliei'ance of these objects. Publie beiiefit Tl)e Ii'ustees confii'm that tl)ey have coinplicd willi Ilie reqLllI'eiiieiils ot section 17 of tl)e Cliarities Act 2011 lo liave dLie I'egai'd to the public benefit giiidance published by the Cliai'ily Coiiiinission foi. England and Wales. Aeliieveiiients and i)eJ'foi-iiiaiiee Thi'oiiglioiit ilie pei'iod the lacilities wei'e iised foi. <1 wide l'ange of activities Ilial pi'ovide social and I'ecrealional benefit lo tlie local comniunity. These incliide football, ci'icket, karate, yoga, pilales, a support gi'oup foi. people ivitli disability and leaining ditficulties, and a coniinunity cl)ui'¢l). Tl)e hull has also been used by tlie NHS to liost local clinics. Tlie hall has also been Lised foi. one-off pi-ivate functions 2tnd charity flindi'aising events. ri jiiaiiciAI I'eview Tl)e cliai'ity gcnei'ated a deficit ot £318 in the yeai., bi'inging lolal funds at 31 Mai'eh 2025 to £i8,566 (all of Ki,liicli at'e genei'al unresli'icled tunds)- Total funds incliide tangible fixed assets of £2,91 J Nvhich al'e iiitcgi'al lo the da}1 to day opei'ations of the chai'ily and are not tliei'efore fi'eely available to speiid. Fl'ee IEsei'ves al ) l Mat'ch 2025 amount lo £55,653. Policy on i'esei-ve5 It is policy to Inaintain uni'esli'icted I'esei'ves at ¢1 Inii)iinuiii level of appi'oliinately 12 11)ontlis of opei'ating costs. Additioiial I'esei'ves ivei-e held at 31 Mai'cli 2025 10 meet anlicipaled futui'c cosls of Inaking iiiipi'ovements to tlie lacilitics. Page 2
Willeii Pavilion Ti'ustees, Repoi"t Plaiis for futui'e Iieriods Aiiiis Aiid Icey objcctive5 foi. futui'e i)eR'iods Tlie Inanageiiiei)t coinmittee will continue woi'king towai'ds Il)e cliai'il}r'5 Staled objectives, and hope to expan(l and divei'sily the lacility's Itgulai. usei. base loi. Ilie benelil ot the local coinmuility. Tl)is is dependenl on tlic outcome ot tlie asset Ii'ansfci- disciissed in Il)e 'Going concei'n, note below. Goiiig coilcerii Tlie cliai'ity's iiianagemeiit coininittee have pi'evioiisly I'eceived notice fioi)i Milton Keynes Colincil that tlie)w al'e takii)g slei)s to dispose of tl)e Pavilion buildii)g and gioiinds. Discussioiis about l)oiv tliis will be cai'i'ied out l)ave been oiigoing foi. sevei'dl years, and tlic timing and iiatui-e of any asset Ii'anstei. is still un¢ei'lain. Milton Keynes Coiineil liave I'ecently indicated tlial they al'e pi'epared lo ti'ansfei. the asset to the eharily, so tliat the CLlI'I'ent Inanagenient coiniiiillee can continue I'iinning Ilie facilities. Any Ii?nstei' will see the cliai'ily lake on sigiiificanl additional costs i-elatii)g lo Il)e upkeep and mainleiiance of tlie gi'ounds and building, Ivliicli al'e cui'i'ei)Ily lunded b), Milioi) lQeyiies Council. Aiiy Ii'ansfei. is dependent on tl)c manageineiit cotnmittee beiiig able lo ci'eate a sustainable business plan ivhieli is acceplable lo Milton ICc)wnes Council. At this stage it is not ¢ei'tain 1111£ i ihe assel Nvill be Ii'anstei'i'cd lo Il)e chai'ity. If the asset was eventually ti'aiisfei'red lo a tl)ii'd party and tl)e management coiiin)ittee's ii)volveineiit ii) I'unnii)g tlie tacilities elided, this iwould cast doubt ovei. the chai'ily's going concei'n st<2tus. The Iinaiicial statei)ienls have been pi'epared oil a going concein basis. Struetui'e? governance aiiil iiiaiiageineiit Natui-e of govei'iiiiig docuiiient Tl)e chdi'ily is conti'olled by its oovei'ning docuiiienl, a deed of Ii'ust, and constitutes a liniited eonipany, liiiiited by guai'aiilee, as detined by tlie Coii)panies Act 2006. Reei'uitillent aiid ai)i)ointiiient of trustees New tl'LlStees are iisiially I'ecruiled li'oii) Iviiliin the local coiiiinlinily or fi'oiii stakeholdei. gi'oups sucli as I'egulai. usei's. Induetioii training of ti'ustees Neiv trustees are iiiducted and ti'ained in accoi'dance iviih tlie Charity Coniinission's giiidelincs. Ari'aiigelneiits for setliiig key iiiaiiAgemeiit pei'soniiel i'einunei'atioii The I'eiiiunei'alioii of key ii)anageii)ent pei'soniiel 15 l'evieived regulai'ly by the coini)iillee ot tl-LlStees aiid is deteimiiied by benchinai'king against local living w'age standai'ds and tl)e pay l'ates ol siniilai. employei s sitLiated Page 3
Willen Pavilion Ti'ustees, RepoR't Oi-gaiiisational sti-uctui'e Tlie da), to day I'unning of Nlljllen Pavilion is delegated io the nianagciiienl team ¥vhicli coinpi'ises thi'ee paid eini)loyees. Tlie ti'ustees nieel I'egulai'ly lo I'eview opei'atioiis aiid lo act as a foi'uni for decision niaking. Any laiEe or non-l'outine iteiiis of ekpenditui'e al'e aliiiays aiitlioi'ised by the Iruslees. Tlie annual I'epoi'l Hras appi-oved by the ti'uslees ol.the chai'ity on 12 Deceiiibei. 2025 and signed on its behalf by: Mi. S Bi'linning Ti'uslee Page 4
Willeii Pavilion Stateineiit of Ti'ustees, Responsibilities Thc Ii'uslees (who al'e al.so tlie dii-e¢loi's of Willen Pavilioii loi. Il)e pui'poses of company law) at'e I'esponsible for pi'epai'ing tlie Ii'iistees, I'cpoi't and tlie financial stalLii)enls in accordance ivitli the United Kingdoii) Accounting Standai'ds (United Kingdoiii Genei'ally Aceepled Accoiinting Pi'acticel and ai)plicable law aiid I'egulations. Coiiipany laiv I'eqiiii'es Il)e ti'ustce8 to i)I'ei)ai'e financial slatciiienls toi. eacli financial }reai'. Undei. coiiiijany laiv Ilie ti'iislees iiiiisl iiol appi'ove the financial slaleiiients unless Il)ey al'e salisfied that Ilie), give a ti'iie and tail. vieiv of tlie .qtatc of affaii's of Ilie cliai'itable coinpany and of ils incoiiiiiig I'esoui'ces and applicatioi) of I'esoui'ees, iiicluding it5 incoine aiid cxpenditui'e, foi. that pei'iod. In piepai'ing these tii)ancial slateinents, the Ii'ustees al'e I'cquired to: selecl suildble accounting policies and api)ly iliein consistently. obsei've Ilie metliods and pi-inciples iii tlie Cliai'ities £ORP., InaLe judgeiiiciils and estiinates Ilial al'e i-easoi)able and prudent. state I411)etliei' applicable UK Aceounlii)g Stai)dards liavc beeii followed, subject to aiiy nialei'ial depai'tLires disclosed and e.xplained in the fini< ncial slalemenls: and pi'epare the financial 8lateiiienls on Llie going concei'n basi5 unless il is inappi'opriale lo pi'esiiiiie that the cliai-ilable coi)Ipany Mijll coiitiiiue in business. Tlie Ii-ustees air I'espoiisible toi. keeping adequatc accountii)o I'ecoi'ds that are suffi¢ienl to sliow ai)d exi)laii) Ihe cl)<ll'ilable coiiipany's Ii'ansactioiis and disclose ivitli I'ell sonable accui'acy al an), tinie the tinanci<11 position of tlie cliai'itable compaiiy and ei)able tlieni lo ensui'e that tl)e Iinancial slateinenls coniply iijilli Ilie Coii)panies Act ?006. Tlie)i al'e also iesponsible foi. safeguai'ding Il)e assets of Il)e ¢l)ai'itable company ai)d hence for taking reasonable steps foi. Ilie pi'eventioii and detection of fi'aiid and oihei. ii'i'egiilai'ities. Appi'oved by the Ii'LlStees of the cliai'ity on 12 December 202) and signed on ils belialf by: Mi. S Bi'unning Ti'ustee Page i
Willeii Pavilioii liidei)ei)deiit Ei xajniiiei s Repoi"t to tlie ti'ustees of Willeii Pavilioii I repoi't tu the cliai'ity Ii'uslees on iiiy exaniinalion ol Ilie accoui)Is ol. tl)c ch<11'ily foi. the yeai. ended 31 Mai'ch 2025 Ivliich al'e sel oiit on P1< ges 7 10 14. Resi)eelivc I'espoiisibilities of ti'ustees and eyaIiiiiier As the chai'ity's Ii'uslees ol- Willen Pavilion (and also its dii'ectoi's foi. the pui'i)ose.8 of ¢omi?any la,) )wou al'e responsible foi. tlie prepai'atioii ol- the accounts in accoi'dance will) the requii'eiiJents ol. tl)e Coiiipai)ies Act 2006 (-'tlie 2006 Act,). Having satistied myself that Ilie accoLlI)Is of Willen Pavilion at'e not I'equii'ed lo be audited undei- Pai-l 16 of the 2006 Acl and ai'c eligible foi. independent examination, I repoi'l in I'espect of iiiy exaiiiination of youi. cliai'it)I's accounts as cai'i'ied out iiiidei. seclioi) 145 ot Il)e Chai'ities Act 2011 I'tlie 2011 Act,). In cai-l')wji)g out i?iy exaininatioii I liave folloiiied the Dii'eetions given by tlie Cliai'ily Coiiii))issioii undei. section 145(5)(b) of Ihe 201 l Acl. Indei)endent exaininei-'s stAteiiieiit I liave coinpleted my exan)iiialioi). I confii'm tlial no mattels liave come to 11)y aiienlion coiinectioi) with Ilie exaiiiinaiion givii)g Ine cause lo l)elieve: accounting I'ecords were not kept in I'espeet ot'willcn Paiiilion as requii'cd by sectioi) 386 of the 2006 Act. or 2. the accounts do iiol aecoi'd iiiitli Il)ose I'ecoi'ds; oi. 3. tlie accounts do not coniplsl l4With the accounling I'equii'ements of section 396 of the 2006 Act otliei. Ilian an), reqiiii-einenl 1111< I the accoiints give a 'li'iie and fail. Iiiei¥' whicli is not a niattei. considci'ed as pai'l of an independent exaiiiiiiaiion. oi. 4. tlic accounts have not been pi-cpared in accoi'dancc ivitli the metliods aiid pi'iiiciples of thc Stateiiient of Recoiiiinended Pi'aclice loi. a¢coiiiiting and I'eporling by chai'ilies [applicablc lo cliai-ities pi'epai'ing Iheii. accounts in ac¢oi-daiice witli tlie Financial Ilepoi-tiiig Siandai'd applicable in Ilie UK and Republic ot Ircland (rRS 102)]. I have no concei'ns and liave conie aci'oss no othei. Iiiattei's in connectioii Ivitli tlie exaiiiinaiion lo ii,liicl) attention shoiild be di'aivn in this I'eport in oi'dei. to enable a pi'opei. Iindeistanding ot tlie accoiints lo be I'eaclied. Michael Einery ACA roi. aiid on bel)alf of Micliael J Emery & Co Liniitcd, Cliai'iered Accounlanls 22 St. John Sti'eel Newpori Pagnell Bucliinglianisliii'e MK16 8HJ 12 Deceiiibei. 2025 Page 6
Willeii Pavilion Stateineiit of f4 jiiaJiciAI Activities foj. tlie Yeai. Elided 31 MaJ"ch 2025 (Including Iiicoine aiid E4 xpenditui'e Aceouiit 1¢ lid Staten)ent of Total Recogiiised GAiiis and Losses) Uni'esti'icted fuiids Total 2025 Note Ineoiiie aiid Eiiiloiviiieiits fi'oiii: Oil)ei' inconie 38,947 Total incoiiie 38,947 38,947 Exi)eiiditure oil: Cliaritable 8etiiiities 139,26)) (39,265) Tol¢il expenditure (39,265) ()9,265) Net expenditui'e Net n)oveniei)t ii) funds (3181 {3181 (318) Recoiieiliation of fiinds Total funds brouglit t"orwai'd 58,884 58,884 Total t-und5 cai'ried foi'ward 58,566 Uiiresti'ieted fuiids 58,i66 TotAI 2024 Note Iiieoiiie aiid yidoivIlleiits froin: Otliei. incoiiie 35,023 35,023 Total inconie 35,023 Expenditui'e on: Cl)ai'itable actiiiities (31,680) {31,C)80) Total expenditui'e (31,680) (31,680) Nel incon)e 3,343 3,343 Net iiiovenieiil in fui)ds 3.343 Recoiicilialion of funds Total tunds brou(Fht t-orivai'd 55,i41 55,541 Total lunds cai'ried foi'ivard 12 58,884 58,884 All of tlie cl)ai'ity's activilies derive fi'on) continuing operatioi)s dui'ing tl)e above two pei'iods. Page 7
Willeii Pavilion (Registi"ation number: 02651923) Balaiice Slieet as at 31 Mai'cli 2025 2025 2024 Note i ixe(l assets Tangible assets 2,913 3,274 Cui'i'ei)t assets Debioi's Casli al bank and in liand 10 23,509 44,106 67,()15 17,548 48,134 65,682 Ci'editors: Amouiits fAlling due ivitliiii one yeAI' {11,962) (10,072) Net eui'reiit assets 55,653 55,610 Net Assets 58,566 58,884 Fuiids of tl)e cliai'ily: Uni'esti'ieted iiiconie funils Uni'e.qti'icled funds 58,566 58,884 Total funds 12 58,566 58,884 Foi. the financial year endii)g 31 Mai'cli 2025 tlie cliarity was entiilcd lo exeinption fi'om audit iiiidei- section 477 of the Coi))panies Act 2006 I'elaling to sinall coinpanies. Direcloi's, respoiisibilities.. The i)ieinbei-s l)ave not requii'ed the chai'il), to obtain an audit ot 115 accounts foi. Ihe yeai. in question in accoi'd1I nce ivith section 476. and 1.he dii'ecloi's acknoivledge tlieii. responsibilities for coii)plying Kiiitli Ilie I'eqiiii'ements of tliL Act ivitli Irspecl lo accountinu i-ecoi'ds and tlie pi'epai'ation of accoiinls. These accounts l)ave been pi'epaiEd in accoi'daiiee willi tlie provisions applicable to coi))panies subject to ilie sinall conipanies I'egiiiie. The financial slateinenls on pages 7 10 14 wei'e appi'oved by the trustees, and auihoi'ised foi. issue on 12 Deceiiiber 2025 and sigiied on Ilieii. bel)aif by.. Mi. S Bi'unning Ti'LlStee Pagc 8
Willen Pavilion Notes to tlie FiiiAncial Statei))ei)ts foi. tlie Yeai" E4 iided 31 Mai'cli 2025 I Cliai'ily status Tlie cliarity is liiiiiled by guai'antee, incoi'poi'aled in Eiigland and Wales Icoi))paiisw I'egisli'alion nuinbei.: 02651923), and coiisequently does not liave sliai'e cai)ilal. Each ol'tl)e Ii'ustees is liable to conli'ibute an aiiiount iiot exceeding £ I toiiiards tl)c assets of the cl)ai'ity in tlie evciit of liquidalion. Tlic addi-ess of ils I'egislered oilicc is.. 28 Poi'tland Di'ive Willen Milton Keynes Buckingliamshii'e MK15 9JP 2 Aeeouiitiiig i)olicies Suiiiiiiai'y of sigiiifieaiit xccountiiig Iiolicies Aiid Iiey accouiitiiig estiiiiAte5 The pi'ii)cipal aecouiiting policies applied in Ilie prepai'ation of these financial slateiiieiils al'e sel out below. Tl)ese policies Iiave been consislentl}' applied to all tlie years pi'esentcd. unless oiliei'ivise slated. Stateiiieiit of eoiiipliaiice Tlie fin<ineial st1< teiiienls l)<ive been prepai'ed in ¢1ceoi'dance iviih Accounting and Repoi'ling by Cliai'ities.. Sialeiiient of Re¢oinmended Pi'aetice applicable to cliai'ities preparing Ilieii. accouiils in aceoi'dance iviil) tlie Fiiian¢ial Repoi-ling Siaiidai'd applicable in the UK and Republic ot Ii'eland (FRS 102) (efteclive l Jai)uary 2019) - {Chai'ities SORP (FRS 102)), tlie Financial Repoi'tiiig Siandai-d applicablc in the UK ai)d RepLibli¢ of Ii'elaiid (FRS 102). The), also coii)ply iirith Il)e Coiiipai)ies Act 2006 and Chai'ities Act 2011. Basis of Iii'epat'atioii Willen Paiiilioii tneels Ilic definitioii of a piiblic benelit entity under FRS 102. Assets and liabilities al'e initiall}, I'ecagnised at l)istoi'ical cost 01- tl'<2lls¢lCtion value Linless otliei'wise slated in Ilie I'elevant accounting policy notes. Going eoncei'ii Tlie financial slaleinents have been pi'epai'ed on a going concei'n basis. 'rhe trustees assess whcihei. the use of goiiig eoncei'n is appi'opi'iale i.e. ii'.l)ctlier thei'e al'e any iiialei'ial uncei'lainties I'elated lo events oi. conditions Iliat ma), cast significant doubt oli the ability of Ilie chit I'lly lo continLie a.s <7 going concei'n. The ti'iistees make tliis assessiiient in respect ot a pei'iod of one yeai- fi'oi)) the date of appi'oval ot tlie tinancial slateiiienls. I xeiiiptioii fi'oiii pi'epai'ing a casli floiv stateiiieilt The cliai'ity opted lo eai'ly adopt Bulletin I published on 2 Febi'uary 2016 and l)aiie ilici'eloi'e not included a casli tloiv slateinenl in iliese financial slateiiienis. Page 9
Notes to tl)e FiT)aiicial St2teineiits foi. tlie Yeai. Ended 31 Mai'cli 2025 Incoiiie aii(l eiidoivineiits xpeiiditui'e All expendilui'e is I'ecognised oiice there is a legal or coi)sti'uclive obligalion lo Il)al expenditui'e, il is pi'obable sctilenient is requii'ed and Ilie ai)iouiil can be iiieasiii'ed I'eliably. All costs al'e allocated lo tlie applicable eNpenditiire heading Ihal aggi'egale similar costs to ihat categoi-)'. Wliei'e costs C(Innol be dii'ecily atii'ibiited to P<ll-liculai' lieadiiigs tliey liave been allocated oli a basis consisleiit with Ilie use of I'esoiii'ces, witl) cciilral staly costs allocated oli tlie basis ol- linie spent, and depreciation cl)ai'ges allocated on Ilie poi'lion ot tlie asset's use. Other suppoil costs are allocated based on tlie spi'ead ot"slail costs. All I'esoLlI'ces expeiided at-e inclusive of ii'ircovei'able VAT. ClIAI'itable aetivities Chai'itable expenditui'e ¢oiiipi-ises Iliose costs incui'red by the charity in the delivery of. its activities and services for its beneficiai'ies. It incliides both costs tlial can be <111oc&ted dii'ecily to siicli activitics and iliose costs of <in indii'ect nalui'c necessaiy lo suppoi'l Iliein. Sui)poi't costs Suppoi't costs include centi'al fiiiictions and liave been allocated to activity cost categoi'ies on a basis consisteiit willi the use ot I'esoul-ces, toi. exainple, allocating pi'opei'ty Costs by tlooi. ai'eas, oi. pei. Cic pila, slatf costs by tlic liii)e si)ent and otliei. ¢osls by Iheii. usage. Govei-iiaiice costs These incliide tl)e costs attributable to Il)e chai'ity s compliance Miith conslitulional and stallltory reqiiireineiils: iiicludino audit, sti'ategic iiianagei))enl and Ii'uslees's ii)eelings ai)d I'eiiiibui'sed expenses. Goveri)nieiit gi'aiits Gi?nts iiicoiiie is I'ecognised in aecordaiice ii'ith the perforiiiaiice i))odel prcscribed by fRS 102. A gi'ai)t that does not iii)pose specitied lutiii'e pei-toi'inance-relaled ¢oiiditions is I'ecogiiised in incoine ivlien tlie gi'ant pi'oceeds al'e I'ceeiiiable. A gi'ant tliat imi)oses specitied fului'e pei'foi-iiiance coiiditions is I'ecognised in incoine oiily when the pei'foi'niance-l'elated conditioiis al'e iiiet. Grai)ts I'eceived before the I'evenue I'ecognitioii ci'ilei'ia are satisfied are I'ecognised as a liability. Ii'reeovei'able VAT riecovcrable V AT is charged agaii)st the category ot'i'esoui'ces expcnded for ivhich il was ii)cui'red. Pagc 10
Willeii Pavilioii Notes to tlie fiiiianciiil Statemeiits foi. tlie Yeai. Ended 31 Mai'cli 2025 Taxation Tlie c11ai.ity is coiisidei'ed io pass Ilie tests sel oiil in Pai'agi'apli I Scl)edule 6 of tlie l-'ii)ance Act 201 O aiid tliei-efoi'e il Ineets tlie delinition of a chai'ilable coiiipaiiy foi- UK coi'poi?lion tax pui'poses. Accoi'dingly, Ilie chai'ity is potentially exeiiipl lioill taxation in I'espect of ii)coiiie 01- capital gains I'cceived i4Jithiii calegoi'ies covet-ed by Cliaptei. 3 Pai'l I I of tl)e Corporation Tax Act 2010 oi. Scctioi) 256 of the -faxalion of Cliai'geable Gains Act 1992, to the exlenl that sucl) inconie oi. gains al'e ai)plied exelLisiiiely to cliai'ilable pui'poses. Tangible fixed assets Individiial tixed assets al'e initially I'ecoi'ded at cost, less any subseqiienl accuniulaled depi'eciation and subsequciit accuinulaled iiiipaii'iiienl losses. Depi'eciatioii aiid ai))oi'tisatioii Depreciation is proiiided oil tangible fixed agsels so as to wi'ite ofl. tlie cost or valuation, less any estiiiiated I'esidual value, oiiei. Ilieii. expected usetul economic lite as folloiiis: Asset class Equipment Depi'eciation niethod an(1 l'ate 200/0 011 cost Ti'ade Ilebtoi's Ti'ade debt015 are ainounts due fiom usei. gi'oiips for l)ii'e of the coiniiiuiiily centi'e and spoi'ls gi'ound. Titde debtors al'e I'ecogiiised initially at tl)e ti'aiisaclion pi'ice. Tl)ey al'e subsequently i))easui'ed al amoi'tised cost using tlie effective inlci'est iiiethod, less pi'ovision foi. iiiipaii'inent. A pi'ovision foi- the iii)paii'iiient ot ti'ade debtoi's is eslablislied wliei) Iliei'e is objective evidei)ce tlial the chai'ity will iiot be able lo collect all ai)iounls due accoi'din£ to the oi'iginal lei'ins ot Ilie I'eceiiiables. CAsli and easli equivaleiits Cash and casl) equivalents coinpi'ise cash on haiid and call deposits, and oihei. shoi't-tei'iii higl)ly liquid investments that air I'eadily convei'lible to a known aniolinl of eash and al'e subject to an insigiiificant I'isk of cliange in value. i uiid sti'uctui'e Uni'esli'ieled iiicoiiie tunds al'e genei'al fiinds tlial al'e avai111 ble foi. use al the tl'LlStees's disci'etion in liii'thei'ance of the objectives of Ilie cliai'ity. Page 11
Willei) Pavilioii Notes to tlie f4 iiiaJ)cial Stateiiieiits foi" tlie Yeai. El iided 31 Mai'cl) 2025 3 Otliei. iiicoiiie Uiii'esti'icted fuiicls Total 2025 Total 2024 Geiiei'%l Rental income 38,947 38,947 35,023 4 Ei xpeiiditure oil clixi'itable activities Unre5ti-ieted fulids Total 2025 Total 2024 Genei'al Allocated SLIPPOI'I costs Govei'naiice costs 38,423 842 38,423 842 31.482 198 39,265 31,680 5 Trustees I'eniuiiei'atioii anil expeRise5 No ti'uslees. noi. any pei'soiis connected witli Iliem, liave I'ceeived aiiy remunei'alion froiii tlie cliai'ity dui'ing Ilie yeai-. No Lruslees have received an){ I'eii))bui'sed expei)ses 01- aiiy oiher benefits froii) the chai'ity dui'ing tlie )iear. 6 Staff costs Tl)e montlily aiyei'age nuiiibei. ot pei'soi)s lin¢luding senioi. Inaiiagen)enl team) eiiiployed by tlie charity diii'ing the yeai. expi'essed as full liine equivalents ivas as t-olloivs.. 2025 No 2024 No employee received einoluiiieiils of Inoi'e tl)aii £60,000 dui'ing Ilie )ieai'. 7 Indei)endei)t exaIniiiei"s I'emiiiieratioii 2025 2024 Otliei. fees to exaIiiii)ei's Exainination-l'elated assurance services 842 598 Page 12
Willeii Pavilion Notes to tlie Fiiiancial Staten)ei)ts foi. tlie Yeai" Li nded 31 Maj'ch 2025 8 Tayatioii Tlic cliai'ily is a registered cliai'ily and is tliei'ctore exeiiipl ti'om taxation. 9 Taiigible fixed assets Fui'nitui'e anil equipineiit Total Cost Ai l Api'il 2024 Additions 16,518 579 16,518 579 At 31 Mai'cli 2025 17,097 17,097 Dei)i'eciation At l Api'il 2024 Charge toi. the yeai. 13,244 940 13,244 940 At 31 Mai'ch 2025 14,184 14,184 Net book value At J l Mai'cli 2025 2,913 2,913 Ai J l Mai-cli 2024 3,274 3,274 10 Debtoi's 2025 2024 Ti?de debtors 22,976 533 17,096 452 Prep<iyiiients 23,)09 17,)48 Page 13
Willeii PavKIioii Notes to tlie Fiiiaiicial StateTI)ei)ts foi. tlie Yeai. [4 ndcd 31 Mai'cli 2025 I I Ci'editors- aii)ouiits falliiie (liie ivitliiii oiie yeaF' 2025 2024 Oiliei- taxation aiid social security Oihei. ci'ediloi's Ac¢i'uals 1,799 1.765 8,398 8,229 11,962 10,072 12 Fuiids BAlaiiee at I Ai)I'il 2024 Resoul'ces expeii(led Balaiice at 31 Mai'eli 2025 resoul'ees Uiii'estricted fuii(Is General 58,884 38,947 (39,265) 58,566 Balaiice at I Ai)I'il 2023 Resoui'ees expejided BAlaiice at 31 Mai'el) 2024 i'esoui'ces Uiii'esti'icted fuiids Genei-al 55,541 35,023 (31,680) 58,884 Page 14
Willeii Pavilion Detailed Stateiiieiit of Fijiancial Activities foi. tlje YeAI' Ei iided 31 Mai'cli 2025 2025 Uiii'esti'icted fuiiils 2025 Total 2024 Geiiei'al TotAI Iiicoii)e aiid Eiidoiviiieiits fi'oiii: oiliei. in¢on)e laiialysed be10I4') 38,947 38,947 35,023 Total incoi)ie 38,947 38,947 35,023 Exi)eiiditui-e oil.. Cliarilable activities {analyscd below) 39,265 39,265 Tolal expendiliii'e 39,265 39.265 31,680 Nel {expendilui'eyincoine (318) (318) 3,343 Nel Inoven)enl in lunds 1318) (318) 3,343 Reconciliation of fund5 Total t.unds bi'oLiglit toi'wai'd 58,884 58,884 55,)41 'rolal flind5 cai'ried foi'wai'd 58,566 58,566 58,884 Page 15
Willeii Pavilion Detailed Statemeiit of Fiiiai)cial Activities foi. tlie Yeai. Ei iided 31 Mai'cli 2025 2025 Uiii'esti'icted fuiids 2025 Total 2024 Geiiei-al Total OÉlier iiicoipie Rental incoiiie 38,947 38,947 35,023 38,947 35,023 2025 Unresti-ieÉed fuiids 2025 TotAI 2024 Genei'al Total Clirtrilnble llctiviiies Legal and pi'otessional tees Wagcs and salai'ics Rates Watei. l'ates Light, lical and power Iiisuiance Repaii's arid I'tnewals Teleplione and lax Coiiiputei. 8oftwai'e and i))ainlenance costs Subsci'iptions Siindi'y expenses Coiiiinunity eveiits Si<1tf entci'laining Bank chai-ges Depreciation ol- plant and macliinei'y Independent exai))inei s tce 8)7 18,556 731 579 7,425 613 857 18,55C) 731 15,464 579 7,425 613 4,322 4iO 736 523 430 7,070 566 4,731 1,080 553 4)3 101 4,322 450 736 523 2,596 2,596 300 60 674 198 60 940 84? 60 940 842 39,265 39,265 31,680 Page 16