COMPANY REGISTRATION NUMBER 02963773 CHARITY NO 1040693 CAMBRIDGE SPORT LAKES TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Cambridge Sport Lakes Trust Company limited by guarantee Year ended 31 March 2024 Company Information Directors J Burch S M Clemenls- Appointed 22.06.2023 M C Cook - Appointed 25.07.2024 J O Daffarn- Appoinled 22.06.2023 R A Grealorex J G Hobson C M Millhouse Se¢retary M Woolhouse Charity Number 1040693 Company Number 02963773 Registered Office The Visitor Centre Milton Country Park Cambrid9e Road Millon, Cambridge CB24 6AZ Auditors Ensors Accounlants LLP Incubator 2 The Boulevard Enterprise Campus Alconbury Weald Huntingdon PE29 4XA Business Address The Visitor Centre Milton Country Park Cambridge Road Millon, C8mbridge CB24 6AZ Bankers Barclays Bank PIC 9 - 11 St Andrews Slreet Cambridge C82 3AA Soli¢ltors Mishcon de Reya LLP 4 Station Square Cambridge CB1 2GE Cambridge Sport Lakes Trust Company limited by guarantee Year ended 31 March 2024 Contents Page Trustees, report Auditors, Report 34 Slatement of financial activities Balance sheel Statement of cash flows Notes to the tinancial statements 8-13 Cambrldgg Sport Lakts Trust Cornpany IimitÈd tsy ouarantfg Y¢ar ended 31 March 2024 TFuslee¥' report Intr￿U¢t￿on The ¢ambndge Sport Lakes Trust Iluslee5, afe a15oairecloT5 lor the purp¢*£ ollhe ¢ompani95 ￿. are pi¢8sed lo presenllheir ￿tsU31 Reportforlhe year ended 31 March 2024 The f￿anCial51alem2fttS have begn prepared In a¢¢orLlan¢e the a(c￿ntIng poli¢ies sel outon pages 8 and 9, and ¢omply vthh the Ch$rilYS Charrt￿5 Act 2011, the Comp¥nies Ac12006. the MemNandum and Art￿eS olA850CI?Iion. and A¢countln9 and Reporting DyChaT￿les." st3￿fflenI ol Recornmtynoed Pr*¢bce applKablè 10 chai&ties preparing meir acrounls In aG¢tsrdance wih me Finan¢i31 Repo￿n9 Stafioafd app]￿ble in tNe UK Repvblicof Viikni P￿)11¢ Bentfil The wn¢ipalobie¢hves of the chanty ale ihe creation. rnainienance and operal￿n of a Cowtry Path wlh Iluki.Spurt Lakes Ilhe comb￿9& Cwnrty Park and Sport Lakes Pryèd'l The Trusi$eacoDfirm Ihel Ihey have considered ih8ir Ou11es and fAve due Ttgafd lolhe guioan¢t ¢ont3ined In the Ch8rit¥ COmTh￿SS￿.$ gene181 ou¢an¢e on puli¢ b¢nefil revie￿ill9t￿e thaiili$ aims and obiettves artd In piannifig fulure activities. The Trustee5 vi$ion IS lo I[￿1$ the s￿￿ tyl Ihe expsling Milton C¢vnlty P?Ik ullo 3n Importanl 300-¥cte mcGat Ol?ubl￿Y a¢￿$s￿le Dalurai h¥tyrt31S IncludW 18kes, a ntrtrAOTk oflootP21hs nd ¢ytie links, inform81 faoliiies f¢[ sport5 5u¢n ascyclin9, triathlon. wld 5wrnmin9. paddieooar4ing, ¥nd fisning, and 3 2000ffl strelth of waiel Sutsbkfor rwryng, kaya￿￿#. and otherw8￿rsp￿5 Doth In IiaiAin9 and compe￿￿0￿$. Ihe Truste¢53ie committed ityaddressin9 Ihe g[￿ing 8nd urg¢ni publrc no¢d loi ac¢8s$ w nalur$i 9reen and ￿￿esPeC6 and lo In(re8se access t00u￿001 $POrts, in¢￿dIng prov￿￿n9 O￿treaCh Pi09rarnm¥ that wryll pi¢vid& eou1prnenl and Ir6ining forthe publ￿ bern￿rt The main acbvity In Ihe ytar under revw h35 bgsn the cwlinued oper¥iion ollhe ¢ountryp3rk kn¢ybW as Miion Country Paik FutheT delails ollhis aclwityaie giv¢n In ihe FeviÉwof achvdvements an¢ Perfoffl￿nc¢ below. The ￿Ust*eS See the successful deveioomenl ot Miiion County Part as ¥ viialcomponenitolhe obieciives and acbvit*S of the chalrfyin pTovQ￿9 enh¥h¢ed and￿lde[ gvtyl￿ benefftal eadies10pp￿￿nIly. SpOrting￿ganIS3I1Oft$, enViT0n￿fitzI bodies, and ttbe io¢al communrfy have beon, affld vffjll Cont￿U* 10 be, en9agÈd and ¢¢nSuned during me dewtrlopmeol of the cafflbl￿9e Country P8lkanO Sport Lakes Project so as to Ènsure that fa01rt￿S are dèsigned lor excdienc* and afe Usable and a¢¢eSSible byaH. The phAOSophy of th8 cambrid￿ Sport Lakes Trust lomains lo secure ao¢Èss to sporf gnd tecrealion spacetr *ii. ￿reSpeCI1Ve of age, genaew. abilily. InciMY*. ethnic or￿In or beliots. Objecllves and Acbvlues WhilelhÈ trusieg5 conljnue to planfor thè maioi C￿niry Park 2nd Lakes Projecl. Iht 0Tr-5rte mAn￿e￿￿ent Team al Milton CouDWy Park has ￿¢¥Ided through ihe yeara wvJ8 range ol acbvib¢S aiih& P*rt-evetym￿g frw B¥l Delecling, Dipping, and Forest ScttODI actlV11ieS to NordiGWèlkillS, SUP Yo9*, Foraging loi Wellbeing. Pathruns, Olienleering, Cycl￿g, triaul￿n cmeiitions, padowoarding, kayaking, wld swirnmin9. Summer N￿h1$ StaT9axng, and evÉn h05bn9 FoDd and ¢r8ft Maikels. ali ol are KEU-¥ttended Ino welcomed by the communily. The Team has also bvtbched Ihe provision otvol*iSPOrts aclivihes aity*new Wai8￿￿3¢￿ Lake nearby. WÈ are currenyy puffsu￿9 oppodunslies io examine *belhÈtthe waler Stora9B ￿PaCitY1￿?1¢0U1d be provideo by ovi prqecl cou￿ cwliibJie as a sO￿tion, In part. io ihe *ii-publvsed ￿ter 5Cafcityi5sue ihal is impeding IhÈ accelgfaied growth agen0¥ 8IOuTrd Cambridpe. we ithend 10 prwe ihE OPPOrtuDiiy ￿, oroul. befoTe decl0￿9 on anyother course of acirf>n. Anyviable Stslulion. Ktt¢reby our pioiE¢i pla￿ a partin s&viThgtne Cambiwyge Wdt4r scarcrty issue. wll be in aooilion 10 securing ine sporting and com￿nifybe￿effitS ￿ I￿e purp¢￿e. Strvclure,Go¥ewD*ce and Il¥n•gement Carnbndge Sport Lake5 Trust reyislered ¢h¥ntylnurnb8f 10406931. 111$ a Comp¥nyLinvle¢ by Guaranteè and not having a share capil¥l 11 vfds InctyporaleL% Ihe compallies Ad 1985 In 1994 and h¥S been authortsed io OispefiSeth￿rn the￿￿[￿ Iwnited. In it5 namè The tyust govetned bylhe Memorandum and Articles of A550¢lat￿rn. ThtrTivsiGwfenttyoper8ies Volt￿ CountryPark under a 99-yeaT leastr. dated 1 April 2008 There are no les1nc￿Ths on me rtySi'S Pol￿[ to fflvesl Th¢ Investment stralegyis sel bylho ifuslees •nd lakes ¥eco￿nI of the èxpected demand l¢rlund5 ThE slralegy is selwlbin ¥n ¢vBial policythich stales that ihe investrntsnlfund islo os Invested arnd medium Inveslmsnts M￿h a v￿¥108￿8￿11ng ibal ¢apilal 3pprw8iK)n of Ihe fund ex¢w5 infial￿Tr. The Ifuslee$. ¥SSisied byslaff. responsible lty foimulabn9 Ihe 51iate9yand WiC*S of the chatity. Induding the approval of budgels 8nd exeicEJng financ*i contrd. The trustees a￿ o(the opinion that assets are availaoie ￿ luthl the cvTienioblig<hS of ihptaaiity. Fundral8lngapprv*ch of th¢ ¢harlty Durihg th? Pwiod, the Trust has nolenggyd in wyformal (undiatsing slivttures. $¢tsvibe5. or praC￿ceS Thoie are no 89gressivfr lundrawn9 Whniquos emplo￿¢ oylhe Tiusito generaie lunds fr0￿MemberS of In8 publK. The Trusi does not cUrr￿llY$Mp1OY any extsrnal fun01219ng services. NvciJrn￿3intS have béon ieceived re9arding fundraisill9. Tre Trust ha5. of Course. bBen acbvelyen9aged fft iaisiny Income and ¢*Pltal fft 3 nurnberol tyinef Wdys ¢uling the y&•r. Infou9h oui If8ding aCtiwiliES al Miiion Country Paik.vE deliver ao exiensive pirframme ol¥ciivibe5 and events la$ sèloul above) ihal Plovide accessiole lacilrtits toa Vbioe Fènge of Individuals 9roups the privale, publK, and rh?riiabie 5e¢iois. FvnOS ale recewed ￿10th&th￿lry Park In Ihis v<4y. In year und8F r0viewv￿ r*e&iYedfun¢S trom IheiJwngQtgèni5alion$. -Anglian waièr B. Aryli￿ Trusl C-ASaa Foundatio D-AviVa ¢wrnuTrily Funa F-cambr￿9¥sh￿e Commuthly Founda￿On G- EnvirortmeniAgen¢y H- Faiming & WildlilÈ AdVi50ry Group East I- FCC CDfflmuATrlies Foundation J- Milton Parish Countyi K- PeierboTough En¥ironmtrTht CilyTru$i L-Rural Ener9yCommunity Fun0 . South C3mbndgèshiie Disllict Counol The Trust re¢orwes i￿131 Income and 8 $h3re ol lumover fiom Grounds Cafè. the on-sitecalé ai Milton Couniry Park In¢omÈ IS 3lsogenetai8d In Ihf foim of p¥rking fe¢sipts and hii6 of visrtoi ¢ontre spacÉs Iinduding the Wild piacel. ThIFd-party Grant Avfdids have been su¢cessluNy applied ts •rbd used. fr￿ example. io carryothaciwo nabitsi mn¥gemeTrtand I￿rov￿¢Th￿ln pathtiship ¥%*h EnvirornmpnlAgency. klÈmbtis olthe pubhc can donaieknak& a vo1untsry coniribulw tDth8 or9ank%a￿Th person al the Country P3A(. through a sp8¢ific Justwin9P8ge. by phone, by post. 01 via TruStIKlllon ￿n￿park￿*bSlEeS These p8ymenls aieiÈEmed Suff￿len110 rntreiihe curient obligations ollhe Tiu51. For tnÈ developffleni oiir* Cambridge Country Park ano Sport Lakes Prwact pl￿¢1paI lundraL%ing stsaiÈgy L4 ￿l￿3￿Yt0 h*enlfya lunding partnèr or parfnèls ifi obloining a plartning ?erms5ion and carrying oullhe i￿ldevelop￿nt￿)Ik, lolh)v*d bygiant I￿ndin9 applicali¢Ths and the seeking ol piwale and corporate aona)ons lopul In place Spe¢rf￿ èiemen15 01 tho PfQPQ*d lacilrt￿5. Ou1 35piralionswlI only be a¢h*ved by rking in partnership reievanl authoiibe5 and Otner org{n￿￿On5 On ¥ collaborstve b3s1S The Fuluie The CODSislentyof undertyng bu51ntSS Lhal Is now esl¥blK4hed al CoUntry￿th bodÈswdl. The Trusli5 sle$dfasl in ￿£PUrsui10* its goa& and piicÉd to PTgvi¢è a Posilive Influence ano Ou￿orneS al a local, fgyion&l, nabon81, and Inde9¢ Inleinaliortai level In ine fU￿re. The ITusieestxped io see bom an expansi￿ of activ11￿5 ai M4lon ¢ounlryp8Tk and swTrifitsnl prowess IoTthe camb￿9￿ Park and Lakes Prqe¢t ￿ the ￿miTh9 ￿al. Cambri(*Je SF￿ Lah¢$ Tru$t COM￿nY Hmited by gvarant*è YeJrended 31 March 2Q24 TNst¢¢s' ieport l¢ontinuedl hle¥ert*nts andP¢rformin¢e expe¢kd. the ie5ullS foi yeaf 10 31 March 2024 afe ￿s5 g(kJd Ihan paiiem in i*tni swis. There ale a Tru￿*r off$asonsfortbis ￿CludIng., 1. The carry over of ￿e expÈndilurefoi lunded capilal pl01￿$ from Ihe prev￿v$ ￿*r." 2. In¢re¥sed expen01￿re on ￿ge5 and S•1¥fi￿ of core MCP team. 3. The ¢èrwn9 olincome receN61 In YE 2024. bul attribul¥bk to YE 2025.. 4. One off piopc14evelopMenl expendilvr* foi suTreys hi Terat￿￿ tothe cambr￿ge Spod Lake p￿ecL 1Thth6 Aulurnn of 2024 the TTU51 COfnpIBteo a restructure of Iho $iaff team 31 Covniry Paik to improve business efficiency. tterns 1.2 &4 abovewii uDpaclon YE 2025 ￿ the sarneway Ih4ltheyd￿j trE2024. Iiem 3￿111 have a nel P￿b¥¢ Thpacl on YE2025 The Trusiess Bieconfity8nith8t8¢￿OnS have ertheF been taken, or are ￿ h¥nd. io ensure a tUFnaround on lulufe re5utts The Quantum of th& undertwn9tradiDg ihal K¥ ftowestabhshed 81 hthiton CountryPark bodes wellfor the *ulure The Ttusi has again been Sbk todelrver caprtaiinvestmeniinlo Ihecouniry P•rk thi￿9￿ a ¢ombin¥iion of chariiab* 9r¥nts and Income earne¢ from tradinQadv￿e5 Tneso Improvements conbnue to h8vea positive Imp¥¢t on boin tradiTh9 pertormance our )aihnce sheel V¥lu¥bon ThÈie Is no doubl Inaiihe #em¥nd lor oublhyyaccessible grsen open Space Ison an upward trend and I￿1 ab PanKipale th* prOvis￿n of such shale a moral obligaiion t¢ findways lo ffleel tho needs of the popuialionsinty sÈNè. L￿)h￿9 anead ihe Trust isa r¢silienl 9Jng c￿¢8￿￿. piool of bolh its ¢utteni businesspian 8no an ever str￿ger caseforthe need to expand the Counlry Patk l¥drti¢s lo meet the rapjdly devgioFwng needs ￿ norfh Gambfidge and bewnd The Tw5115 sie&df8slin ihepui5yiiof its 9oals ?nd is N%ElI pi¥eed lo proYi¢e agosilivè nfluence and oul¢t*n¢S al B bral, [￿10￿*. n9t*￿al 2nd Indee4 iniwnatsonal leveliD ttte future. It*$u The resvlls for ihe yeai and the ¢Th•fitis finaDo* Position ai the enLf oflhe y&8r areshuffi iDlh8 att•¢ned fin3ncial slatemonis. TheTnJ5tee¥ Ttte IfUSteesthtt0 served during rhe year are s¢tOut OD the InlorThpal￿n p89e Truste¢ re¢ruitmeni, appolnlm¢nt, Inducllon ano troiniilg The Board of Twsiees Is resp￿sIble for the appoinmenl of any nè¥Vbuslee5anJlor*n$vii￿ Ihala broad rang¥ of r£ievenlski115 and •xpeibse are repre$enteni bn the eoard. In reV￿rn9 membershipof ihe B03rd, ana 8nynominalion5for n$w trustee5 olfor Ihe oi¢tbon ollhe Chair. thè Boèrd seek510'. 1 Ensufe 3 good diStTibui￿n of Skil& and e¥pen$n¢e 2mtsngs1 Twslees-. Ensure the tsmdy and effecbve succeswon of the Ch?Irof the Baord-. 3. lrnplemeni¥n Inducbon prryiamme to ensuTe Televeni Informaiion Is provid￿ ￿ ne¥rfTrusiees. and rnonitor on anyon￿01￿9 neeos for al Tluslees The e￿Id ¢lTruslee5 m•n¥9es the risk5 ihal Il la¢es by CODS￿e￿ing1h& key￿kS 2n1K¥paI￿ $1 Èach Boaro meetiD4. ReseFvé8 PalJty The Boaid olTTusleesmahagès Ils reseNes Ib¢UI R¢siiKled gnd Unr*str￿tell3S parf olits itrvwol ILsfAsh posityon. In linèwilh agieed lowsis Procè8$lor $8ttlAg key salariets Tne P￿&1￿ of Tru51ees ievieKS Ines3bnes of •ii frmpws and gnsui6s pay Is benchmaked as apprOpr￿le. Trusle•8' R*sponsI￿lIbe5 The Irusiees are responsibiefor preparing the annual report and thofin¥n¢Kqlstalements ￿ ￿rdance ¥%ilh appli¢abltr iawand regulat￿n L¥w¥pp]Wb￿ io cornpan*s in enoi¥Trd and WaFesreouwes the iruslee5, ￿tt0>re èlso directors loi the puiposes of company law. lo piepaTefinan¢i•i statementsforèach fin¥n¢Lalyeèi ￿mICh give a true fair y￿wo1 e stale ofthe atfairs of comp3ny and ollhefinancial p0511ion ¥1 WFO end otlhe yeai. In oi8paring these ihe Iruslees. vJhO are a150 Oirethorsfoi the purpoges of¢ompany law, are required lo- sel8ct 5Ultabltr a¢couniing Pol￿e5 ond applylhem cons151ertlly. m¥keiudgemenis and eslim31$S troi are reasonable arto prudent. stale Mthethw appkcablg a¢countin9 sland¥r4S nave been folltyffi¢. $ubi8ciio any malerval d¢partuie5 disd05e# ano explained ill ihe fihan¢kg1 $L3￿meThi5.. prepare thefinancial Statemen15 on the 9Crfng coDc8rn b8$1$ vn&9SS rt Is InappTOPri¥l$ lo pre5urne ihal the wnpanywllconbnu$ in busine55. The ITuslges, are also direclors lor IhB PUiP05e5 01 compeny law. ère responsibfe for keepin9 propeT a¢￿￿n￿9 iècords 4isJDse w*h ieason¥blÈ a¢¢urdcy ai anytime1*8 finanryai Position of the company and lo en¥b* Inem ￿ ensure thai thÈ fingn¢i81 Slatem￿ts ¢OWly Krth the COTnp8￿0sAtt 2006. They¥r081$0 I8$pOns￿le forsat￿VardIng the assets ￿￿¢SOc￿ty￿n4 héll¢£ for18kiw slep5 *orlhe p10Vonlitsn no detettion offraud and oihei irregularil￿S The t{U$￿e$ must. In dele￿In￿9 hOw2mounts aTt preseTr￿d wthin Ilems in In$ slalemenl olfinawal acbvilies arbd balan¢¢ sheet, have rt9ard t¢ Ihe substsncevllhFfOPOrt¢d Ir2nsadiOn ofafren9wnBfiL RI accordance wth generallya¢¢epied accouhtsny Piincipk5 Pl¥th¢e In so lai ès the iw$iee5 are a￿dIe.. - Ihere rs nor¢Fsvanl 1th0rm3￿n O1bbh￿h th¢ ccrnpanls audilors are ￿n3￿re. and e trusiees have taken all sièps thaitheyou9ht 10 iaken lo Ih¢tnseivesavore ol *nyfelevani audit informaiion and toeslablsh ihalthe companys au(fit4rs are aware of thal infcvffl¥iif￿. Auditor¥ The audiiors. Ensors Accounianl$ LLP. 3redeefned 10 bère-appoinled unoei $Èction 487{2>￿the Ctynpanie5Acl 2CKJ6. Apwoved ty the Trustees $1gThed thek bÈhaWby.' MIth*EL 6(JtsJiN W tjo WooJhou5e 5ecrelary Date.. Carnbrldge Sport Lah¢S Trust Company limlted by ou•r4mi¢ Yearendry¢ 31 Alar¢h 2024 Ind¢Ptndeè)t Juditor&' ffÈPOrtto the mèmbprs ol Carnbridge Sport L4ke5 Yvusl OpSnion On frnancia1 slai¢m¢nts We have audite4 financial st81e￿nIs olcambiidye Sport Lak*S Tiuslfoi the year onded 31 March 2024 comw*lhe Slalfmeniof Ffftancial ￿hVI￿eS, &iance She&l ¥n¢ Cash FiowStalem$ntand r4aied nol95. The financial ieportinofrarnework thal has been 2pplied ￿ theLr preparabon Is applicable lawand United KingotynAccountyno Standards. inclvdiny Financial Repothng siandaid 102 Tne Finan¢&31R?po￿rn9 si¥ndaid applicable In the VKanJ Republic of r¢raDd ￿ngdO[￿ Geneially Accepleo A¢¢Ounling Prath￿e1 In our opinion thefmanuaisiatemenis.. glvt a true and lair vwiol the st¥ied ¢haritabk ￿MpanY'S a1[a￿S 35 at31 March 2024. and olils Inr￿￿* and expenthlureforlhe yearthen efthd." have been PFOPWty prepared in accwd¥n¢ewlh Uniied GenerallyAccepled A¢eounbny Practi￿, and h3ve b¢en PFepareO In •¢¢ordan¢e the feouirements of the Compan￿% 2006. Baslsfor oplnlOI) We Conducted our au¢il m acCOr￿nce with Iniernabonsi stanaarus on Audrting IUKI IISA$ IUKII and £pplicable Law Our reSp0￿1￿1rtieS under those stsnoartts are firthei (JewDèd in ihe Audi￿r$ resp￿S￿li￿*S for the audrtof the fin8ncial$taiemenl$ secbon of report We are Indèpendeniof charitsbie company In accoioance wlh ethcal Teouirements thai are itrièvanl lo wr audrt ollhe f￿an(la1 slStÈments In UK. Includifjg the FRC'$ Etru¢¥i standar¢. and wé h#ve lulfAled our othei eihul ￿5P￿D*￿I￿￿e5 In a¢cordwK$ with these rewiremetsts W& believe thal the auail evioence have ODlained 1$ 8nd appropriate lo provide a bas￿*0[ OUT opinion. eonclusknl$ relalln9to gofjng C¢￿¢•￿n In auditing ihefiDanrAal 518iemeMs. we have t4ndudBd ihat the Diredors, use ofthe g￿n9 con¢em ba5k% of aLuuniing In the PiePBretion ollhe fifj¥n¢vdl sialemwt5 IS appropftate 8a$ed on Ih¥vAyk * havB pèrfoimed, WÈ have notioeniifed any mateTYal vneertainl*S ieLatsDg 10 events N condrtions Ihai. Indiv￿￿*11yof(OI￿lYely. mayc251 sigrtiTicanl douwon the ch¥fi18bJÈ abjlity io Oui responsibilibes and Ihe rwonsioilibtrs ol D*ect￿&￿th iespeci 10 goin9 CODf8m 3re de¥¢iibeo In rewèni%8¢bMS Otwis report. other Informauorb The other fftl0rmats￿ COTnpnsea me nftyrnalion I￿￿t￿oIn th$ Innu￿ report olhei than the finan)£l st8imnts and our8udllofE r¢port Ihareon The difador5 are reSpO￿lb]e10l Ihe otheF 1nfomakncll ¢ontsine¢ within the annual repon Our opilllon tsn the financièl slalemen15 noi covtr IhÈ Other inlomialion and. exc4pl to the exi*ni 0ibern￿¢ Èxpiicrttrystaied Fll our report. nol express anyfoirn of 255uran¢e conclusion theTeon. Oui responsibility L4 toread the other Inlorm31iOn 8nd, In doing so, consider￿el￿er Ihe o1her1nlorma￿n Is maleriallyincons4sient 4sllh ihe financial slaièments OT Our knowledge Obtaine¢ In tne course ol ihe audil. or Other￿Se appesrs lo be m£teri3lly missts￿O. Identify Such fflaleThal Incon5isiències or apparent matèrial ffllsststernenl$.￿ ale TgquKeo lo deterM￿e ¥thether mis gives IisÈ lo a m¥ten81 missiaiemeTrl in Ine fihanci31 sl¥temen15 themselves. tr. ba5ea on Ihewik havt p￿lOrMed. 4%e condude tn31 Ihere IS a fflablia1 mtsslaiemenl of Olher ￿10￿M215￿, we are re0￿1*4 10 fepDrt tNallact. We havè noihmi ￿ report in Ihs reo3rd. OplnlonJ on othe¥ Thatte¥s pr¥ScrIbE￿ by Ihe Con>panbe5 ACI2006 In Ovropiniw. basett on the un6ert¥ken In 1he￿rSeDlth¢ audil.. the Infon￿bCrf1glv&ft In Ihg Iivsiees. report *orlhe fMarK4al y*Èr forwhith thef￿an￿1 stBtsmBnis aTe prspared Is con$Lsienlwth thefinantygl S￿le{ne0t$. and e truslFes' report nas been prepared In 8cC￿0#n￿ wih aPPli¢able i¢quirements. Platt•r$ on %vblch we arE req￿re¢j iorèportby txcepion ID ITh$ light of our knov11e￿e and un¢ersiandiffj of ine Charfiab￿ cwany arbd Its eTrviroDmenioblained In ihe ¢ourse ollhe authl, wthave not wjenffied fflaiefial m155labmenis ln the Trustee5' Re￿rt We have nothing lo repofl In respeclof Ihefoiiowing matter5 In rÈL8t￿Tr io the Companies Act 2006 reouires uslo report to you Il. In oufopffjK>n.' adequats $¢countsng records nave noltten kept, OFreturns ?d¢ouale lor Qui audit have nol besn ieceived from branc*&S nol by u$. OF the financial $13tements 2re not in agieemenlvrtih Ihe accounty￿ records anfj reluins. 01 certain Oisciosuie5 of Tiusle¢s' iemvner•bon spe¢rfied bylawar* not tna¢e-. or have Dol received $11 ihe inform8iiQn an¢ explanatsonswe reouire forvur audit." or Ihe Iru$tees wore noienlrtiÈd to Pfep¥re the financia1 stsiements In accor08n￿ wim the stnaii ¢offyanie$ re9ltne tske atrvaniagg of mè small cowie5' eiemptions in prèpanng th8 Trustees report and tromtn¢ requir￿£￿110 pw0￿ a ¥ra￿91c iepori. NfrspDnslbllili¢s ol Irustees As txpiained moi6 fulty In Irusle8s' ie5pon3a)ilitses sl¥tsmenl sel ouion page 2, wetru*Sè$ are respo75￿le for prep¥iabon of thefinanrAalSi8temeDI$ 8nd for bev19 salisfi8d ihallhfrygive a true view, 3nd for such inlem31 conirol ¥$ the busiees determine Is De¢eSSary108nAb￿ Ihe prtpaiabm of find￿c￿l $tsleffjenL5 thaiarefr¢e IrrAn M?￿rIal m15$18￿MeDI, ￿the1her due 10 Iraud or tsmr ID pr¢p8fing IhÈ finanual si¥i£ment$. the trusiees are responsib￿ for 855e551ng company's ability to conlifjutr8$ agomg ¢Or￿M. thscl0s￿g. 4$ 8ppkirA￿e, matier5 lo wncem Using the going ¢oncern basis of accounting unless tyusle¢s*ilher Inl•)d lo Iiquidaie the ¢ompany or 10 ie2se opèratsDns, or nave no le¥liSilC aiiÈin3&ve bul 1¢ do SO. carnb￿d9e Sport Lake8 Trwsl company limlittt by guar¥hts¢ Year gnded 31 March 2024 Indep¢ndenl *udltorsr Report tothe mtrnbers olC•mbridge5port Lakes Tw*t Audhrf$ rnsponslbllltles for the audrt of the flnanclal staltmÈThts Our object￿Ve$ are ID obtain reasonab￿ 8ssurarKe8bthrt*thethÈr the fiDantyal sialefflonl$ ￿tsie aTe fretr Irthm malerial ￿$S1£18mÈnt. vhelher due 10 fr8ud Ore￿Or, and lo i$sue an audiiDrfs rtyport th*￿L¥jeS opiniOD R*ason3bFe 35sur$nce IS a high level oT¥SSur3nce, bulls not a gvarantee ih¥t ¥n audit ronducled in ¥¢coidan¢*sMth Isk IUKlwll delecl¥ material miss18￿mentI5￿¢n Il ex￿ts MiS8taletrthis can ai fromfraud or error 8re considere4 maierial rf. IndividJ¥iiyoi In ihe a99iegale, Ihey coul¢ reasonably bf expecied 1¢ InfrUeD￿ the ecwom* dettsions ol userstsken on Ihtr Da&S Oflhesef￿anC1aI3￿1tme￿ls INegulafilies, Including Ir$ud, £Te Insiinces of nonI-audi￿[s-r•SPon$ibIll1*$-10r.3uO1I¥Spx T￿$ trscnptsm forrns part of our audittrs report Use of ovr report This report IS made Solel￿ io Ihs cnaritabie company's members 85 a body. in 2ccord8nte Wilh Chapier 3 of Part 16 of the CcrfnpanE$ Act 2006 Ouf2u41l wmt has l1ndertak￿ w thaiwe mignt stalBtotrE charfabie COM￿nY.$ m&m)èrs those mauers we 8re requirtro to 51aielOthern In an audptorfs report and lor no Oiher pU￿05e To the lulle5t exltrrnt pefrnitted by law. we do not aetrpi orassume 1£$￿51b11tyt0 anyM$ ou*rinaTr than1a￿e company the thanlable comp8nlsfflemDers ass body. loroui •uaitwork, Ioi ￿1$ report orfor lhe0p￿ID￿s we nave fomed Incubatsi 2 The Boulèvaio Erti¢rprSse Carnpus JcoDbury We31d HuntiTrgdon P£29 4XA J•mts FraDcls {SeDlor Stalulory Audllorl For on behall ol Ensors Accountants LLP Dale.. CarnbrSOgE Sport La*e5 Trust Comp•ny Ilmlts41 by gyara*tee Year?no*d 31 M*rth 2024 Statement ol Fts5•nelal Actlvlles Totsl Funds 2023 UnresirlcloLI Fund5 2024 Re8triCted Fvnds 2024 Total Fund$ 2024 Unre5triCtèd Fund5 2023 Rtsirlcle41 funds 2023 ID¢ome Voluhtaryincome Donations Incomefiom ch3rrtAble atliviiies - Piogrtm fees ano spon51)rship - Milion Cotsnlry P3tk InC￿ne Granls i$c*ve Job Relen￿n S¢heme Grant In¢omè Toral ITrc+yn¢ 1,168 8.484 41.288 41.288 7,316 33.025 364.682 23.Z61 20,772 4,583 20.772 395,313 63.916 33.025 7.250 2,400 390.730 63,916 357,432 20,861 49,991 379,461 429.452 25,355 495,934 521.289 Exwndlture Chariiable ?UiVibes 59,145 451,B76 61,372 434.139 495,511 4$1 876 521 021 434 139 TOt•l txpendihjro 14et in¢omlng Iioulgolng) Resource3 for the y¢èr 191,569) {36.0171 61,795 25,778 Olho¥ recogni$*O oaln$ and l¢sse$ uThreaiised gains on tangible fiM¢d asseis 61.79$ 2S,778 Nel movemBol ￿ fvnd5 reLqtin9 lo tho yeai 191,5691 981.741 Total funds Droughlfowdrd 8$ 311si fvpnl 450.448 557.071 1,0fy7,S19 486,465 495.Z76 1007 S19 Total funds carrièd fL¥wafd a131 The Statement of Financial Aclivil*S InLlud6$ 011 gains and1055e5 iècwnwd in Ihe y6or l of iht acbvibesof ihe charilyarecFa5s¢d as continu￿9 rhe nots5 on pages 8- 13 form ¥n Inlegral p•rt ollho3* financl•l sialements CambrldyE Sport Lakes Tiust Company limited by ou*raThtee Year tnded 31 IAarch 2024 Bai•nce Sheet NOt¢s 2024 2023 F￿e￿ 4ssets T3ngiNe assets Investments 1214.519 1.165.%8 Current as8*15 90.601 OebloTS C3sh ai bank ano in h•nd 70 27.2S1 114,522 Credrtors.. amountslallingdu• wilhln one yèar 222 590 108 068 Met cvtseni blab￿lities Total 3580ts1•ss ¢¥rwent .306 1.0S7.900 CreWtors.' arnountsfJlllng*Jue ¥1101 more than tyle year 119,3561 1 007 519 Net hs$et5 FunOS Re51rici8d UorBstricled Revilu31v)n reSe￿e 13 Z57,906 431,294 226,7$0 330,321 450,448 226,750 ThÈSe [￿antIal staleff*ntS afe w8paied In aceordèrto the Dfovisions appI￿abL? ￿ ¢ompani6s Sub￿￿110 the smaii Compan￿5 ie91rne. Tha￿£re sioned on their behaNby. Thefinancial $18temenlS ¥%Ere apprDved bylhe Trusiees on J Burth Truste• Ccmpally rtgi411aion NO. 02563773 The Trots$ ¢>n paB45 8. 13 form an Inleur31 partof these fjn•n¢l&l statsm*nls Cambfldge sp￿ Lak¢s Tiusl Company limltèd by guar•Dtso Y¥4r eAded 31 Flarch ZlJ24 Stalemenl of ¢3sh fi04YS 2024 2023 Cash Ilow4 fvom Opera￿￿￿ a¢tivlties Cash ￿￿trated from op8ralions 53.516 35.060 11S.1961 Ntt cashfloWfr￿ oper•iing a¢￿VItr¢S 44.604 19.864 Purcnase ol iangibltr fixed 8SStts 140.2451 fith¥nclny a¢￿TrAtiO$ MDVBMenl￿ loans 132.4741 (16.Y41 Czsh and c?sn ￿￿1ValOn15 al ihe bwnning of Ine year 23.921 40.269 C4$h eash epNalents at the en¥ Of1￿ year 2024 2023 C•sho*neratedfrom opvraiions D&fityLISuwius foT yeai {91.5691 25.778 AdJusimentFfov-. Finance c051$ Depiecialion L055 on diSPDsa1S Rev¥iu31¥ 8.912 24.450 2.119 15.196 26.263 ovem*ni In w¢rklnocaptal Decrtraselln¢¢25e In debt￿$ iTh¢ie2se In ciedilor¥ 63.419 46.184 6,554 ¢•sh ￿e￿Iately Irom opeiations 53 31 ktarch 21124 2023 C•8hfiow aly$is ol¢h•n9es In Tr¢idebt 32,4731 {8.￿2) 208 362 216 914 Casn al )ank 3n¢ in hand eorro%%in95 23.921 210 319 188398 30 516 Cambfldoe Sport La*esTrust Comp•ny limlled by guarantee Year 31 Alar¢h 2024 Notes to the ffn•ntlal Stsiemenls 1 MCOiIDting poli¢ies CompAny InfGfmats¢n cambfioge Sports Lakes Tiu$t is a company limi￿d byguafanleèincoipL¥attd ￿ En9i¥nd and W8*5. registraiioTr numbBr Q29S3773. The registered office s The Visitor Cenife. Courtiry Path. Caffjbndge Road, b111t￿. Cambn¢ge. CB24 6PZ AC¢O￿ntsng convention The accounts have bew #repared In ¥¢cordaD¢e ￿11￿ Chafitls Articlesol￿$OCl1flOTh. the Ctympan￿5 Aci 2006 8no"Accounifftg Reporting bycttaribes" sialemenl of Recofflmended Piacbctr8ppliG¥bie lo ¢haiilitrs preparing IhÈll 3C¢Ounis in ¥ccordan¢ewth Financial Reporbno sianaard appli¢abie In ihe VK and Republic of lit￿n0 IFRS1021" The charity E a PUb￿C Btrrtefil Enbtyas defined by FRSI02. The finan¢iai siai8men15 Bre prepaFed In sierfing. ¥4hi¢n Is thefunctional tsJirency of Ih6ChaFity. k1onetaryam￿nts M these [￿an(la1 slatsments are roun0ed ￿ the nearest E. The financial St81£￿mis h2ve beén prepared vnder the hisknrical cosiconveDlion. The pnn¢ip213cctsJntyn9pc41ts$8oopled 8r$ seloul be￿￿. Golnp coA¢em Nohryth3tsnding nel ¢uiient hablilits 01£279,213 Icuiienl asse15 olt272511. 8itne bm8 ol appioving Ihe finanuai siaiements, the dir*th¢is ttave a reasonable expecial￿Tr Ihallhe company ha$ 8dequal6 resources to ¢oThiinvein operational ex451gnce loi loieseeabi¢fulure. Thu5 the ¢ireciors ¢￿tInu* io adopltre goiw r￿ceM basts Of accountsn9 In prep3Thn9 the hnantial 5ts1em$nls. The diieclors have pièpdred Ill￿me and expÈndilure lorecasls lo 31 Klarch 2026 These showlhal the cofflpany can Opèra￿ its agreed ￿￿kIng capi&ll lacililie5 lor th15 penoo In addrtim. in the both lh8 ¢uirent and PTeviouS year15et noie t7 fof further Inlumalionl. o lormal èoreem9fil nè5 been put IA leffeclive d¥tes 31 fvtsTCh 2019 31 M•rCX 2020lwlh a tlu51ee,br iepaymenl due on 31 March 2024 afid 31 htsrch 2025. ￿LW￿ver, repavment of these ioaTh5 only required wfien Ihefe * Sufficient C3piial avaiiatse This D35 helpfjd the cgmtranv lo man3oei15 ttav lo Javwykmg capital as r&quiied énd h2s provid¢d further heaoroommoving fonWdr¢ Tanglble r￿ed ¥$sets aDa1JÈpre¢&￿4 L&85ehold Lgnd buildm9s￿re ￿valU￿￿ ￿ ihe pitrvious accounting perioo 2nd the ¢tsnge In Value has bpen acGouhtSd In a¢¢ordance FRS 102 other tangkble fixed assets ale 51al*O kl h1511yi¢alcosl depre(￿tIon and Impairment. Depreoaiion i4 prtsv￿ed al T•lÈS calculgièd to wTite oftthe co51 It￿ regduai v3fue ol eath a5seioveritséXP8¢ied usefvl lrfe. as fdlOW5.' Frtenolo L¥fi4 and Burfdings No depre¢iqlA)Tr Le35ehQld Land and &Jildinos No dtrpreciai￿n Tho Freehdd and LeasÉhok1 property m Ih&a¢eouDts 1$ noi depr*¥tsd as ihe praciice of regularttbalnlena￿e and repair issuch Ihal trie prèviousty255esW si3ndarO is ma￿lainI￿ FLKlurBs, filbn9S and equipment Ftroperfy. pi¥nt and equipfflenl ImpalrrnÈnts Fii8d assets are revieW8d iryaKmenlilev*ThLS Of changes n ciicumsiances ind￿ale the carrying $mourf may nol be ie¢oveiabie or as othewse reqvvsd by relevant accounting *an&ard5. Shortlalls Ihecaryng value offixed a￿e1$ 2nd Ihèlf ieco¥erabltr amounis, bein9 ihe hi9nei olnel rialtsawe varue and V•lue4n-u5e. ai* lec09￿sed a$ impèirmenls. In¥¢sknellts Fkxed assel investmen15 afe Include¢J èt matkotvaiue allhe baf3DCe $heel dai6 or10$50n rev¥luabon i$tsKeTr io the Stalemenl ol Finanoai Adivibes. FIDaD¢lal Instrurnebts The company ha$ eie(Aedlo apply ihg ry0ViSIOn5 Df Section 11 'B8s1c Financkql Instr￿Ments. aDd Sethon 12'01her In5trument5 Issues. of FFIS 1￿ ￿ all ol itSfinaDci￿ in$trurnenis Finan¢ial Instruments are re¢o9nised in tre Co￿￿an(S balance sheel the company be¢￿S partylo lhec0nira¢￿aI pTovision5 of ihe ￿sir￿￿ent Fin¥n¢iai asse￿ Ina I￿OI￿lEsale on$Èi. ¥MTh nei arnounTS presgniÈo In Tne tInanc￿l st¥wmenT5. ¥th*n mere Is ¥ ieoaiiy enltyceaD￿ IlQnl 10 5eion ine Twnisea afflounis ano thefÈ Is an Intention 1¢ seiiie ty) i nel ba$i$u lo rgalise the a5$818nd settle Ihe liability simulian8ously. Ba$iC flnan¢l¥l assets Basi¢ financwl ¥S¥•S,thi¢h inc￿de debiors an¢ ush and tyank balan¢es. ale Inilksiiy measvrèd at trans¥ction PTTh tr8nsaclLon ¢osts and sub5equ¢ntlycained èl amrtise¢ ¢tssi using th$ Èffeciive inigrest mplhQO Un￿$$ ine arrawemen1cons￿uteS a finantiTrg Ir¥nsa¢bOn.￿￿tr* me Irsnsaci￿￿ 6 measured al the preSÈnlvalue of thè tulufe itrceip15 dts¢ounled al a martetfal? of Intere51 Financiqla55e d355theO as receiv*b1ewih￿ one year aTe not 3mortised. CIAsslfir•won olfiTrars¢ial 11a￿11￿*$ Financial 114bilitsÈS and eQuily￿styvm2TriS are ¢L9S5rf￿o 8¢cording 14 iThe svbsian¢fr of ihp ¢ontr2duai8iian9ein6Ats eniered into. An equilyiTrstrumwi any¢ontraclth¥l Èvidentss a fesidual Inleresiin the assets of the comp8ny after ¢8dudDg *ii oliis Iiabilrties. Baslc fin¥fi¢lal ItabS1itiÈS S￿ finan¢iai Iiabililie5, Inciuoin9crsdilNs. bank loan5.108n5 liom lellowgrouo eompanios and preferÈttts shales that 8re ¢i•$srfied as d¢bt. are ifirti?ity iecognised Jl transacbon prte uftless the attan9ernenl constslulÈS a financing tran5?thw, btheretne debl insiithienlis measured tyithe present value ol the future pawnents discounted ¥1 a m3rkelr&ie of Interést Finan•al liabilities ¢kSSified as DayablÈ one Jeal are noi arrLOrtisety Debl Instr￿ments ale subsequenuycaiiieo 21 arnL¥ti$ed cost, using Ihetffeawe Interest rate rntrtnod. TTade ciediloTS artr obligabOn510 pay1¢r9￿Ys orservicesihat nave btrtrn acquired in the orain8rycovrse olbDsne¥fiom su9p1￿ls. payab* are classifiÈO as curr*ni i*biblies rf payment L8due vAlhin One year or I&s$ 11 n￿. they a¢È pfeseniÈd as non4uirefitli&)ilities. Tr3#* ueditss ¥re recoonisgd Inibaltygl transaCt￿n pnce Snd Subsequtrnty measureo al amortiS8d c051 using the the¢tive inlerési meinod. Carnbridge Sport La*98 T¥u5t Company Ilrnlltu by guaranlfre Ytar ended 31 Ilafeh 2024 Note¥ lo the fin•nGbl $talemenlS Lea$lntr Rtrntsts pay¥bk Under opera*n¥ #re ¢haiged ¥98insliTrcomtron a slraighl I￿e basis over the ￿#$8 ierm. Pen¥i¢n Thepension ¢oslS cnarged ihtfinanciai statements ieoieswl tho ¢oniiibutson p2yable bylh¢ companyJuring ihe wr. Gvoyp 3¢cotynls The company Is entsiw 10 exernpi￿n ￿nders￿¢bon 39801 ￿e Companies Ac12006 Irom the obli98llOn to pi$pare group accounts. Futsd acGounlTrTrQ F￿nd a¢¢oun15 he￿ by lThÈ ¢harty are.- un￿31[￿1ed 9eTheial funds- Ihese are ¢8n be ￿$￿ ￿ accordafj¢e Mfyth Ihe ¢hiritBts￿ obi8cts al ihe of lh¢ iruslees Reskncied fun05- Ih$sÈ ale lunL%S Ihal can onlybe used lor pariiculai iestricled purposes wthin we objects of the ch¥tity Re5bictWj￿ arise specrfÈo Dylhe #onor oi funds are iaiseo for parbcular reslricisd puipos8$ In¢¢me Incoffltrtr¢m car paik. c?fé let. iessrmsl•¢iivitie5, ￿•￿tS Feceivable. sponsotship, donaliorts and bank oeposil ￿1￿&s1 recwvoo Ihe St¥iemeniof Financ1a1 ktly￿e5 as lncom￿l9 resourc&s, aNJ is recfjgnised on 8 receipts )•SIS. ExpeDOiture 1 gxpendiiure is Indudefj on an acctu8is ba￿& and ts iecogtNsed Iheie ￿ a 18oai oi CODsITU¢tive L*li9alion topayfoi expeTrdiivrt. Al costs have been fjiièdly alinbuled ￿ one01￿tI￿ncl1o￿1Ca￿gor￿s ol re$ourcesexpended the Slaigmenl of Fin¥wai Acbvilies. Cash 4nd£a5￿ ¢qufvalents Gasn dnd c$$Th equw¥ients ale bas¢fin3nLial assets arytt liabilities anfj in¢knde rash in hand, ¢$P051*s hÈbJ 8t call bsnk5. an¢ bank oveTdTafts Bank overdratts aT* Sho￿ yhthin ¢urrenlliabilrti•s. Efflployee benefits ThÉ costs of shorf-18Tm employee benef￿5 #s è Ikabillyano an expensè The wsi of anyunus80 hol￿￿YentI￿erne￿1 i% recowi5eO in the perio¢ in ¥thich tne Éffok)yt$'s serrfKps ¥r8 iÈceiv£d. Judgements and e5￿matt* In the 3pplicalion ol ihe Charli3b￿ compènys aC¢Dunbng Policy. thelrusiees are required io make jud9erneTrlS, £slifflal8s and assum)￿onS èboul the carTrifty amounl of 3ssets and Sabilitie5 ih31 are notre¥aily ¥ppar8nlfrom Oihei Sources The ¢sbmale5 a5sw8tett assumptions aTe b?sèd ￿ hi*oiL¢al expefience and olh¢rfaciois thaiare Cons￿ered lo b¢ ielevenl AJual resutts maylitfet fr￿￿ InEse estimates. Thtes&m31e5 and undeilying 35sumotrOnS ale reviewed ort an on-going r)asiS. Revi5ionsio ac¢ounbngeSbma￿S a￿ Ipco9ni4ed in peFiod in Mth1ch the esknnale is revi4ed where revision aflFCts oDly lttal oefiod, or in tne petiod olthe reV￿lOn and tutuiÈpefioOS ￿effe lh£ f9vts1￿) affects bom cuironi hnd fulure periods One k*yestimale has been identifiea In ¢oThneclion wln ihe proptrtyvalualion 2 Don•tiQnS Uiir¢strict•d Fun41 2024 Re$tric*d Funds 2Q2 Tot•1 F￿ndS 2024 Unre5trlciod Furbds 2023 Res¢ri¢ted Fun¢ts 2023 Total Funds 2023 8,484 41,288 41.288 DDnaiityis 7,316 8484 VnrÈstrl¢t•d Funds 21124 Rt$trl¢te f un¢$ 2024 TOI81 Fwds 2024 UnreslfiGt¢d Funds 202) Restricièd FuDd$ 2023 Tolal F¥nds 2023 PioY151on of charltabkn Stryke 172.4£3 2.027 2865 145,8éS 89.003 39.673 172.463 2.027 2.865 145,845 89.003 108,818 176.664 6.747 2.634 151.092 83.501 13.501 176,564 6,747 2,6 151,092 83,501 74.873 Salanes Pension- Llllon Country Path Project otrvelopmenl c4sts- 141110n Couniry Park Sports oevelopmtnl 0￿e1 ch3nLlbk 3cbvIty Wsts 65.145 61.372 451 676 521 021 434139 4 Olr$¢toFs Effjolumtnts Trusiees received rernurwaion12D23- £nill nol F*imburseJ loi onyexpense$12023- fnil}. Cambrldge Sport Lak*sT￿$t C¢rnpany limited by guar¥ntee Year gnded 31 March 2024 NOtt$ to th* finan¢ial stsi¢mÈThts 5 Othol chaiit•ble •¢tlvlty costs Unrestriclfd Fund$ 2024 Rt$triCted Funds 2024 Totsl Fund5 2024 Unrestricted Fufids 2023 Re¥lfi¢ted Funds 2023 Total Fund5 2023 11.250 12.910 43.765 24.450 16.433 9.953 12.775 9,953 12.775 13,501 26,263 12,381 PLcountaneyfees Au¢il fees Le931 and professional DepTetyalion 11,260 12,910 4,092 24,450 16,433 39.673 26.283 12.381 108 818 The •ggreyale p￿￿1¢0￿ts were.. 2024 20Z3 Wa9tt and$aiar* linc￿010q sor￿1 5ecuritycostsi pens￿ 174.490 2.865 2,634 Partlcuiats tslemployees.. The average number DI staff $mploye¢ bylhechairfy Ihe f￿anCIal yearamounled l¢-. 2024 2023 2Q Numb61 of a4minisir?tivtrsièff There%¥*￿ no efflpbyees r$ceived emwoyee ben*fits of ThN>re ￿8fft E60.000. 2024 2023 6 Opvallng {d¢ficlt) 0peTai￿9 Ideficill IS sialed #fler tharging.- 12.775 Audilots. ￿M￿neratIoN AuOiioiS' iemuneTaiion trom ￿￿-aUdIt￿fk Cambrldge Sport uake$ TIu51 CoMp8rty lirnllgd by guaranlee Year endod 31 March 2024 ¢X•$tothe fin4nelal Stalements 7 Tanu?ble ffxed Ossgts Land and b¥Sldlng8 and Property Plafit & Equipment ttings and oqulpmenl freebolo Tolal CostRevaluation I Apiil 2023 1,208.599 90.000 74.471 141.840 1.514,910 Addibon$ 60.720 3,679 10.722 75.121 31 2024 1269S19 Dewè¢iètion and Impairmeni 245.429 $8,643 44.871 348,943 Ch3rgefor ihe year Di5POSalS 9,4£6 14.984 24,450 373 026 Al 31 Nlatch 2024 245 429 N4t book valves 31 fvlérch 2024 1 023 890 963170 1 18S967 1 Aptl 2023 The Land and bu]￿Ing$ ¥*re Piole55￿A3￿Y valvEd bycheir￿S in 2022. Tho direclors¢0ns￿e[ ihis to be a fairvaknabon. J Fixtrd as5el invèslmfjnts S¥l>sidlary vnd¢rtakln95 shares untvlied inveskn)eTr¢S T¢)tsi Cosl 1 Apid 2023 Additions Disposals A131 March 2024 Wtlbook valufjs Al31 fv13r¢h 2024 Al 1 April 2023 HOldin95 of or The comoony holos 20% or ollhe 5h¥re cawlal ollhe follown9 ¢ompany'. Covniry ol regl6tr•liOn or InrwporalloD Natvr¢ ol buslness Shares held r955 of shar¥s h¢td ¢ompAny Sub51(Mary urHlertwklng Camorioge Sport Lakes Tradin9 LiiiMi84 Engthnd Dormanl Oidinary ReE¥Stered Dffi¢*". fvthiion Couniry Park Cambrid9e Road Milton. Cambfifjg¢ CB24 6A2 Carnbtidoe Sport Lah¢s T￿st company limiied by guar•ni¢¢ Year entted 31 2024 Notes tothè IlnaD¢lal Statements 2024 2Q23 9 Débtors 24.069 3.112 9.340 Tr?de debloFS Pr*pawn$nts ¥ccrue& Inc¢me Olhei d¢DiofS 2024 2023 10 Ciedltors.. amourbtsfa11ing due wlthSn ¢rbÈ ye¥T 8.622 178.834 Bank oveTdiaft Loan Bounce ￿cK Lo¥n Trade tsedilors LMh*r kxes gnd 50¢181 secuTIIy A¢cruaLs and def$rreo income 149.684 10.2S4 S.203 5.575 51,874 49,283 5.825 53.727 306 464 222 590 2D23 11 Creditors.. omount$ lallitlg ¢Jue after more than one y421 21124 20,837 Lo¥ Bounce B¥¢k Lo¥n 2•24 2023 12 0ol¢rredin¢¢me Opening 31151 p•nl 5,775 4,583 23.577 5,775 Deterr80 Income Introducea 14.5831 Deferred In¢ome Released 15.7751 13 R•$tricled fvnd5 Ounng we yeai ended 301h Sspievkner 2008 the ¢￿arIlY was $u¢¢esslul in rts bhl to ObL4in the coftiracllo rnartage Country Pafk unoer a 99 yea[ lease. The Iranslerwas Cornp￿tÈ￿ on 31 mar¢￿ 2008 lor no ¢onSidera￿n In return lor iaking on tNeexistsn9 buswe55 and eryyby¢e5 the charilyi￿ly&O a dovryol £250.000. Thi% moneyvos ringfen¢ed lorexoendiitsre on Ih? park in i¢¢ordance an a9rBemeni undertaken Nsilh Soulh Cambndge Thsi[￿ Coun￿1 Al Olhei monies generaled by Illllon Country P8rK aDd Iheidated costs ère alsoirsated ès part olthe resir￿ted lund* Apni 2010 IF*VISitorCentre extension w35 c￿n￿leted, funJ¢O by è capiiaigranl of £261.ODQ The 355elS kased ian¢ and thèVisitorCeTrtre have sin¢e been fully4epioyed in the running ol Mrfion County PaTk 14 AMlysI5 of eharltabltfurtds 1 WI 2023 Incominp OulgDing Othtr gain8 31 Ilarch 2024 330.321 379.461 257,906 Restricied lun¢ revAlualion 226.750 226.750 431.294 Un195tyKted fuDd 450.448 49.991 1 007 519 521021 915 950 Anal>tsis of thantabiÈfunds- pieviOUS yoal 1 Aprll 2022 ItKomlng OtstgQtng 31 Mar¢th 2023 330,321 RS$lriCted tuno 268.526 495,9Y 14Y.1391 Restricted lund- revaiu3tH)n 22S.750 226.7SO 486.465 25.355 490,448 521 289 495511 1 007 519 C•mbrld9È Spon L•kes Ttysi CL¥nPgny Ilrnfjted by gua¥ant¢e Y•ar ended 31 MarEh 2024 Noiej Ipthe finJrb¢ial Ststements 15 Compafry limii¢d by gu4r*niee Cambr￿ge Sport Lakes Tfust E a Company ￿Miled byguar$ntee and not hAving a sh3re caprtal. Itw8S ￿C0[￿or41ed undtr ￿e CNnpanie5 Act 1985 ènd has be¢n aulhoiised io dispen$6Nwth the WVf¢'lMDIt80' Ml its n8Me 11 15 8 regtstered charity (number 10406931. Every men*er unoÈrtake5 to roniiibuts an 3mDunlnol &xceedin9£1 10 the a$*ts dihe comp8nyin the ¢veniol Il DeIn9v*￿n¢ up 16 Flnan¢lalcommikn¢nis Al 31 March 2024, ihechaniabie companyMOS commimeo lo maling the lollown9 paymen1$ under noTrc¥n¢ellable opeYAlffto1oases in the peiW 10 31 fv4¥rth 2024". 2024 2023 Operating leases expire.. 872 3,343 Due vilhits one year B¢bbpen aD¢ five yeais 17 Related party telation$hips aDOtr•n$actlon# J Muir-5milh. a former trusiee ol Ihe chaiitsblè company, Provided a p8rsonal k>an lothe ccw8ny. ttufiDg iht yeai there Mere no repaymeDls or further leDdingS M J Smilh12023- fiorepayneDIs OF Ivrtner 14nOingsl10 the chaiity ￿l¥Ing £178.e34 outstsniing ai the y8¥r ¢nd {2023- £170.5211 Oufing IhÈ 2Q19 ytr?r end the loan from Ihe Iiredor M Muil-smilh vos formally documenied In ¥ loan agreemÈni bet￿￿n the Trust &nd hin15ellMryth an effeGlive d31e 0131 M2rch 2019. The 103n rs Ini¢re51fre*. un5eruieu and rÈpayablé In lull on 31 ￿arch 2024 AJ) addi￿￿•1108rn agreernf ntwas fmityoocumsnted beN%pen Ine TTusl ¥na himself ￿th an effective oale of 31 March 2070 for the adOlJOn¥l ￿arn year. The aJortional k)an Is Iniefesi liee, unsecured •Thd rep3yabie In full on 31 kt4ich 2025 kn accoFdan¢¢ ￿th FR5102. the loans have been iestsiefj 31 Ih#4r nel pieseni value ol £175,834 using an Inleie51rite of 7% The nO1￿nal iTritrrest ￿ Ihe1oans lolall84 £8.313 and IreaiÈd as a dona￿on In the ¢oriesponOIftg year. IDlere$i on bolh itsans are V¥Titten Dack over me five year terms. The fir51 IDan Is nowover4ue. bul as the Tmsl ￿ not deemed lo bt in a posrtv)n 10 repaylhe ba12n￿ oltne knan al ana oeyond th￿ date, the term ttas been expended The loan ￿ to Dè repaid as soon 3s ieasonabty PTacli¢abie bylhe Tru51, Itriiown9 5u¢h d31e the rnaiority ol Ine ITts5tses r¥sonably Jeter￿￿tr that ihe cash Iiowand working caprtal iequiTefflentsof the Trust £lkWts reD¥ymènt the 30vI July2024 Ihe charil¥blÈ cMyanyarrange¢ a oveTdr¥ftfacihly of £S0,OOD lthi bankers ThIS Wds person311y Juafènleed byfive CUlTenl Ifuslees Dvrin9 the yèar the sum olf81.00012023. E81,100lvAs paid 10 a keymana9ei of the ctt8riiable c¢mpBnylors*rvices ProV￿ed in Idali¢n ￿ the t[￿￿￿er0eD*Of the charl1¥b￿ ¢omp3ny.