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 2025 Cambridge Sport Lakes Trust Company limited by guarantee Year ended 31 March 2025 Company Information Directors J Burch S M Clemenls - Resigned 28.10.2025 M C Cook- Appointed 25.07.2024 1 Resigned 10.09.2025 J O Daffarn R A Grealorex J G Hobson Resigned 03.12.2025 C M Millhouse A H Turnbull - Appointed 03.12.2025 Secretary M Woolhouse Charity Number 1040693 Cornpany Number 02963773 Registered Office The Visitor Centre Milton Country Park Cambridge Road Milton, Cambridge C824 6AZ Auditors Ensors Incubator 2 The Boulevard Enterprise Campus Alconbury Vveald Huntingdon PE29 4XA Business Address The Visitor Centre Milton Country Park Cambridge Road Milton. Cambridge C824 6AZ Bankers Barclays Bank PIC 9 - 11 Sl Andrews Street Cambridge CB2 3AA Sollcitors Mishcon de Reya LLP 4 Slalion Square Cambridge CB1 2GE Cambridge Sport Lakes Trust Company Ilmlled by guarantee Year ended 31 March 2025 Contents Pago Trustees, report Auditors. Report 34 Statement of financial activities Balance sheel Slalemenl of cash flows Notes lo the financial statements 8-13 CwnbrldgèSw1 Lakn$Tru$t Yowrehdèd 31 Mayth 2025 Tiuylee5' r£ptsil The c.ambi￿ge Sport LakEs Twsl Tr￿Si￿&s. who aiealsodireclors Igr Ihe WrP¢SÈS ofthé CompaniesA£l. pleased lo piesenl Artnual Rvport lorthe ypar ende¢ Jl M3rch 2025. fifjartiil stateme￿5 have oeen prépar8d in 8ccDrd?Thc8 wlh thè >c¢vuNlIrtyPDl￿I8s Èèloul on pa905 B ?Dtt9, pndcomplywith Ihé Charivs Cnaimés 4ct2Q11 thE A¢t20W. th8 M8morSnd￿rn ￿d￿dIG￿5 ¢IA$50¢¢tstsN, ¥nd Arr.0￿ntin￿ Report￿9bY ChaKrtieS SlalempDtol Recom￿.n1IeQ Plarticèapfklcab￿ lo ch8iib8s prepaDrig Ilikv •r.tounl& lrtatctsrdan￿ w1it.tlso Fin8D¢i81 Rewrtiiig Stdndaid appI￿able UKaTrd RepuL4ir ¢f Vislon and Pubk Bcncl pliNi￿l￿bI4tIfv¥s of th8 GhaTilyaro afwjts￿1al￿￿ of ? ¢￿J￿tyP￿rk Mulli.Sptsrt Lak*s I'ihe C3Mbridge Cuunlrypèth and Spori Lakés pr￿&cl.). 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Ininveven￿a1ty Ih¥t Tryst E notabk lo puisu8 rt5 ￿l￿al deve￿￿￿1 aim5 bywayofa Sport Lak851aclilythÈ view¢f￿¢ Trusiess 1$t￿al Ihg aNJdeveioothÈnt¢l Millon CouThtypark wl.. b&a Import3iit woiecl. This opportunity w￿￿1￿ io irt IinÈ wilhthe Tfusfs slaled wpr1￿ES the ustofrts awls Obieclwes ABlThitiy$ Ni9hts ¥tstg3zw. 3nd even htsshn9 Fithafjd Iq4rke15. all ol thILhère 4¥è114l1b￿l&d andW￿￿orn￿d by the Th? Téamhas atso ￿￿￿Ched Ihe provi51?ryofwalérSPaQS aciNitstsalthe agènda aFOu￿ r>prnbridge A5 3 po41 End eve￿1 1he Triislees have concknel Ih$t•rÉ￿￿0Ir bas￿ solulioD Is nwvery ynbkely pl |e35lviilhkn IhÈ 10 yeais. L￿￿K￿8p$POrt Lakv$ TrtJ$ti¥ a iugistÈied chatty 1Q4D6931 11 ￿ a Comp8ny Limrted by Guar4nt8e having a Sha￿ capilal. 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Ihe lor 31 Marrh 2925 a $9nrf￿dnl Impiov&m8llta￿ IDrnaiouDd ￿ 1he prwlou5yepr￿1lEfÉ somè ÈxiÈptiOrtalcosts wèieabsorbed The tfusteesand ￿n￿gen￿￿t le&m wil ITh plare è Iriaddr&sÈ the pr&vious yearfs ￿SUp5 WE bre p*aSedl¢ that I￿￿e mBdSul*S cor.tinue luirrycl pD5itNefyDnthE￿jS￿￿e55 ofthe chairty The Tru51 ha$39Bin bpen #ble ￿￿É1￿¥t t3p1￿1 lThvÉsln￿nI Into Ilie CouniryPaikthiough ofrhgnlable 9raThts affld eamedtrom ttadiry The%pgranl b#Sed ￿prOVe[r￿￿$ ¢Onl￿￿￿ lo heve i posrtivp Impacl on bo'.b Iwading PErf￿￿en¢t a￿•￿1 Ivlvie Daiarce sh￿1 v4lualiOn Al Ihè Iithp o'lhis ¢Wrl èlé w01k￿9 Ihé following Impro¥offjen15 31 Kl1[l￿ Coynlry Park Ihalvrt eX0È￿t0 t￿lrib￿l8 Iffl 202W27 ar￿0￿￿￿￿5. 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Oplnknfflg 4n othaf m•lt•r5 proscfib•d*y th• ¢ompanip¥ Act 2DD6 Ihts Inlormlion Ill Ihe 1(us1ee8'fepNI lorthp.financi41 year Ih?fin￿￿C1B1St￿IernEn1s aT8pre￿r8d is tOnSiStenlMththé finèwalsrglem￿ts.' and has prep318a ffj3Cc￿danCOWrth appb: d&quale 3clu￿￿11rt9 retoids havé nol b￿gn k¥pi. ot adew7le forour wyjil haienotbEeD I￿e1ve￿ TrDI v45rted by u5, or certaiD disclosure5 01 Tn￿lee5, 5pp.c1liedbykaw￿r? nul mad?, Dr the Uy5l¢es w¢1¢ nol Èn1rtlÈd'.0pr￿IÈ 11ie'.Inancial sta18r￿nIS In accaidance win thpsrnal corypvip5 regirne ?nd l&ke Odvpnl￿e ￿ Ihe 5mpll IA TTU5te&È' A5 explained tnore lully bThlhe tr￿e¢S,￿¢s￿nS1oIIII￿S $1a1Èméni ou1￿7 pag82. thg trusttws arè r￿spon￿ble for pr£￿18110￿0[lh9 Iffj¥￿1￿I 51DtenwDiS ?ndlor beiry $31$f*i thèltheywe a IrL40 W l•1 vi¢v¢. and for stsch ￿ternalCO￿li01 43 theiru5tees OEtprffline Is nere55￿ryIa en3blE IhE prepa1a1￿M offinÈntvdl I￿troM material misstatement. iWetherduBtofi£ud oretT￿. ep￿r1wthefi￿￿￿Gl￿l siaiernents. IhvtrvSl*pts fw asséssin9 Ih8company's abil.lli io continue aSa￿Ing cofjcem. di5c1051ng. as appl￿blE. r*aied lo g¢ty ?DJu6w)9ih¥ 9Dln9 SpDrt L4kegTfuyt Comp4ny lifflilpd by 9UWPntq ndependènl aud4iors' Ropori to lh• membprs vt¢èmbridgE $port Lak*s Trust OUT Dtrieclive5 bre lo gb11￿ re05￿￿￿1e iss￿r￿1￿c& a￿0￿1￿￿01￿8r Ihe finyAbcièI 5tètptteThl$ a$ IrÈèfrDmff￿11￿l￿I nMsslJlomonl, vth4lherdyo lo QrÈr¢o¢. and ￿ Issui anaudrt(KTS r8PDrtth81 le4ulatliW&S, I￿￿dir￿J11a￿ts The exi¢nl IQWh￿h uurProcedDrÈs arècapable of&.lecliTrS IrreguIHNIIp.5, In¢lvdiThg Ir)r u¢, 4styètgi￿d béh)w. lnthl8nllfy￿9 4n¢ 1Sse5$1rt9 nsksol Malérial nu8stateTr￿nl ￿leSpeCI ol Iiregulanl*S. knr.lulirt9tr3vd, thèaudil ¢>biainEd an undÈrsianrtfftg ofuie nalute Dfthp Indu51ryand serlDr, ind￿dIng Ihè ￿9aland regulatory Iha','.he OP$r4tps Ind￿* h(￿1kn￿ COffPallyaTe C￿p1vitY)￿lh the le941 an Inquir?d oIMawmThl, and Ihose charged wrthgoverfiaThce. 8bDvl Ih¢ii ldÈnIrfi￿tsoTr aThdass8ssm&nl of Ihe ￿Sk3 ol irye9ul£rir￿S, in[￿diryaTrY aCt￿al. S￿Specte0 oralle&edin5t3Trces DI dJ5fiUSSpd mptter5 abnul non-tompiian¢È w1h I￿4&3￿￿18qvtsI￿￿s and hnK FraudMlshT ass8Ssr￿rA olbow andwhere IhE IDwi41 SldleMÈnis b¥ sv&ièptib￿ lo fratsd. Ho￿.￿&r. Il ISihPw￿￿ryFe5WSibd1lY0V maridoÈnièThl. Ihb ovèrsi9hl ol ino¥p. rhargeOKnih gwein3ncè ID ￿$￿rÈt￿t tsThlily5 operamns are condurled in aGrordBh¢E W)ltr the prtsvis￿Tr$ of and le9￿k1￿)￿S &nd tr Ihe prevention d¢l*GlIOn ol fraud Us• ol ourrfport .1 91 Parl 16 oflh¥ Companies Acl 20CE Ourèthilwgfk h¥5 bEenurtdEMak£rtSD Ihalw¥ migaislale fo Ihe ihaTrtnp r.h0ril¢ble componytsThdthé chaTilabkn companys m8Trknis35 a foiour8y¢il wtslk, tor rèprrt foi w&h&ve Iofrnety Ja(ne5 Fr4n¢iS IS¢nwbrStstvtory Audiloo F(*T b4haNol Enstht Th¢ 8oultvwd Ent•rpiis# Carnpu Alctsnbury Wtèld PE294XA D•te'. c3mbiidg¢ Spon Lak*sTYusl ¢omPanY Ilmlted by O￿arant Year Èndèd 31 March 2025 Statpmentof Flhèrt¢tolA¢glv￿￿& ReslrKied Fund¥ 2025 TotBI Nolè Funds 2025 Fynds 2024 F￿A&S 2024 Funds 2024 2025 Volvnlaryirtts - Dtsnations S75 3.580 8,464 Prtsyiam sponsorship hAilion Country P4TklTrcc￿r tsTanls recerved 34.BOS 18.qfO) 34,8D5 33.025 y,zfJO 2.4QO 33,025 361,682 424.864 25.951 20,861 Tot31 $3,840 50¥.255 4￿.452 428.562 428.$62 500.192 Re5Dvrcestor Ihv yEai 117.7901 25,8$3 Oth4rrFcow1￿d and lo55f5 Ng1 n¥)vemeThl ID luDds re￿11ry91O lh¢ year 25.853 8.063 191,5691 Totsl lund8 brougm lo￿ld as al Ist*￿Ill2024 431.294 484.656 9ts,gso 450.H& 557.OT1 Tol?IfuThdscarllÉdfwiaid at 31 MJrch 20? 431.794 484,$56 ThÈ Ststè￿É￿t￿fFI￿a￿tl8lActI￿i￿e8ln¢IUd2s ellgaiDs Bnd10sse5 l of1n8 act4yili8s ofth8 cDnlinuin9 14ke$TYupl colnpan￿ Smitnd by guarant* Y•Jr ended 31 Marcn 2025 ote$ 2024 Fixèd aÈbot8 lrtvésDnen5s ¢utr*nt ass•ts Deb1￿5 C¥Sh AlbFJnk and 47,02B 79 27,251 yo4r 10 33D%2 464 283.838 Total a55els 1455 CUTrgnt 933.2$6 933 306 Crpditors t?Ilin9duF •H¢r 92 915 95D Funds 2ts3.759 413.504 22$.74 257 90 UnrestrictErt ZZ6 750 924,013 91S,950 finbn¢u)1514ienleryl$ ￿.1¢¥PprOv¢ty by IheTru51eeson IZ.IZ.2%., J Burth TruyieE CDtrwny re9151relion No 02963773 Thefiotes page$ 6-13form4n Integral pom of Ihest Rn•n¢ial sta￿￿*￿1$ btidy* Sp¢rf Lah*s7rus* Y•¥r end*d 31 VkTch Statement¢l¢?¥h Ikws 2025 2024 eaÈhflDw> Irom op•r4tin9 Jcliyit5E5 Cash 9efiQlal¢Q fiopTr¢P¢Falb)ns S.333 NEi cash now from oper•tlng•cllvllies 44.604 Purchase oft8ngib* fixed as8ets I27.￿3) 175,1201 Movemen1 On |oèn$ 4999 cash equpy&leDts 8tlhebpwning rflhe yp8t 40.JJ6 7024 ¢4sh yÈnpiai•d Irom opÈrallon$ 8,OBS AdJUStmèMts fol.. 24 45Q Ltfi5 on d15PQ5a15 ovemenlifi Y401kinJ LaPiLai iknerÈÈseJlDecre8SI in Qeblors 5.232 2024 2025 Ahèlysl$ ol t*angès ITh n•1 d•bt C&Sh al bdfikwin 208.363 203.3F3 2rt4,2Qg 27.294 mbiid$* Lakèts Ttu$l CompaTry limitert by guar4nt•t Notes lo IhE liThan¢*al st41emEnts CambriU9e Spms Lak8s Trusl Is a company*mi18dDyguaiant*é ￿c0￿￿al￿d IJ En9land Wgles. réoistrBbDn D￿M￿rO2963773. fhp re91sle*ed othce 5 Thp v￿.1￿r¢e￿I1e, ¢￿￿try Park, Cprnbt￿ge Milon. 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Inanc￿lasse1￿ anc I￿￿trI1￿1P$ are 0tt5el. 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Carnbridge CB24 6AZ ¢tdrtbrldo• Sport La1&5 Trutsl C¢rnp?ny linliled by 9v?r•n*ee Nottr&lo th• lin3h¢ialstatEth¢rtt$ g Dibtors 2025 2024 43.845 24.469 Pr¥p3yTrpThl$ and acL¥ued mr0￿P Olhtri dèbtors 10 CTèdilors.' 4rnountBfallinydui within ye4r t025 2024 over*aft 4Q,932 8.822 17$.834 BoJnce B8ckLoan 49 2B3 Othp.r 1￿￿￿5 AThJ$ugal S¥wriIy Accr￿ls￿nd delerfedincome 50.993 330 %2 3t6.464 11 Creditar5 lalbng pftpi Vian Oil$ y¢ar 2021 2014 Back Loan 9.253 9.253 12 Dwlpriod lTrrome 202 2924 OpÈthrt9 Pts$11￿ * 1s1 April 23 $77 23,$77 osing Po8Fhon at 315t Ktsrch 23.577 13 At¥tfirted year•ThJed 301h SeptÈrnbei 20D8 1The cnariiywas Successfvl In Ns bi¢ lo Ihe conlracl lomaDJ9e Counlry Pgik Dnderb99year ￿￿se The i(anslÈr*dStomplÈlÈd 31 Maith21K18fai ufjdeMa%eD wlh Soulh Cambwidge ￿51￿cl Counril All olh8r mni8sgwwaled bk 11illon Countypelk￿d 1813t8d costs aTe a60 kfrat&d ag part Trfth& r8slNclod tunds April 201Olh?Vi%llDr CÉThlre Ex1￿510￿ fufftdèd by a taprtÉl ts1É261,000 ThE astsets ￿￿È￿laNd ViSrtOr Cenliè haVÈ slntèbèèn I￿l￿de￿?￿l￿1h￿ ofklltDh Country P£Tk 1 ••rf12024 IncornSng othgorng h•rg4lns 31 March 2025 R*st{￿l￿dIu￿￿t 257.>JS 1428,5621 Re51iKled IEvalu?I Z26 7$0 226,7$0 L￿￿￿31r1CIPdfu￿d 431 294 $3.B40 171.6301 413.5Q4 915 9$0 yS1S orchal￿ble lunds- wev10￿5 yfjar Out9tsln9 J1 2024 rJl,W8 226.75 22fj,FS0 UnTestsried fuffld 450448 1,OD7 S19 429,4$2 15 Artalysys tyt hÈt a£sèts funds Unr4Jtn¢l•& fun4 510,5D9 Cuirent4sset 413.50 Tolal 2024 Iund Fixed a59ets 484.6 729,463 Curren1 as$•t 484.656 431.294 ¢¢Mpahy Ilmllid by 9uaiantèg Y•ai •nd•4 J1 M•r¢h 2025 Nolés lolhè Ilnan¢lal st3t•m•nl& 16 CDrnpany tim￿ted by guar8nlee 3fflbTid9p Sport Lakes 15 ? rornpBnylimilpdbygu4ianlee and havip9 a shlre c￿￿1141 ￿(9￿pnT￿l￿￿Vts Ihe Cwryafi*5Ar.1 19B5 h35 bpen 8vlhon5ed lo disF*n5ewili word'lifftled, Inils naffle. 11 Is a iegtsieied charily Inumb8r 1(W￿95} Evéry to conl1ibu1￿ a[￿Unt not exceediryJ£1 101h8 ass8ls ofihe ctwny In lh¥ ¥venl of Il ￿)und up. A,, 31 Mar¢h 2D25. Ihe Gharitatsleco￿p￿nV ￿a5 Tpirwngpayn￿ts undef mn-¢BDfEllab* opeialiny *¥sP5 ￿ ihe peiiod 10 31 20Z5- 202 2024 oper&14nD￿￿S L4thIGh ex￿18 yea BeNcÈThlwo and fwe years 7E 872 3.343 3.343 J MUir.Sin￿h èfrAThti IIu5teeGfts chBnlhble cynpoDy. provirted a pers{w￿￿1 lolht roryaTry. during Ihe yfjaF IheieweFPDD repay￿￿￿15 ￿ lurthor fromm J Muii SnMlb12024- no rÉpayfflénl&or Dunn9 IhE 2014 YE￿re￿￿ th£ IhE dirEilai hft Muv-smilh knmllly In 3 |Dan3￿¢emPnl bew'the TTY&1?￿h1mSPll ￿$h efi¢rlwe dily DI 31 M?Irh 2019 The loan ￿ Interes1 Iree. UTr5écuréd and r8pay8Dle ill 31 Klarch 2024 Anaddllional loan agTeernenl IoTrnalty docDmenleo be..¥￿}n1￿eTr￿St aThJ an effeclive dale ot31 March 2020 rhe addl1￿nal knan In 1h¢ year 80th loan5 are ovprdue. bul ?5 Ine Twsl 15 nol deeme¢ lo bp In a posilion In repay Iho ba￿￿￿￿ ofthe loèns BlaThlèey¢Wthi5 dale. 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