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← The Southgate Sports And Leisure Trust

2024-12-31-accounts

Registered Company No. 2994706

Registered Charity No. 1044035

THE SOUTHGATE SPORTS AND LEISURE TRUST (A company limited by guarantee and not having a share capital)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

CONTENTS

Page
Chairman's report 2
Report of the trustees and directors 3 - 6
Independent examiner's report 7
Statement of financial activities (and income and expenditure account) 8
Balance sheet 9
Notes to the financial statements 10 - 16

1

CHAIRMAN'S REPORT

for the year ended 31 December 2024

The Company’s principal sources of income continue to be rent from Southgate Hockey Centre, sponsorship from participants in the London Marathon via the Gold Bond scheme and donations. Our activities focus on the provision of sporting facilities and encouraging greater participation in sports, particularly hockey, at our excellent facilities at Trent Park.

2024 was a busy year for the Company with an encouraging increase in income, and hence profitability, together with ongoing investment in our facilities and our coaching programmes. In August 2024, we completed the resurfacing of the main water based astro turf pitch. Our sand based pitch will be replaced within the next two years. Pitch replacements are the single major investments the Company makes and we carefully accumulate reserves to fund the expenditure over the 10 to 12 year pitch life cycle. Currently grant awards for this type of funding are scarce and we actively seek alternate ways of fundraising and utilising our facility to generate additional income.

Income in 2024 was significantly enhanced by a generous legacy donation from the estate of Jim Wallington. Jim was a much loved member of our community over many years and is greatly missed. This gift and other generous donations have formed an important part of our funding in recent years. I am grateful to all who have supported us in this way.

Our Schools Outreach Programme is now in its second year of operation and has progressed well. In partnership with Southgate Hockey Club, we provide hockey coaching into local schools, introducing children to hockey and encouraging team sport participation. The Company received financial support from London Hockey for this programme for a second successive year.

Looking forward, in addition to the second pitch refurbishment, we aim to increase our support of existing coaching programmes and continue the planned maintenance of our facility.

Finally, I would like to thank Adrian Scott Knight who retired as Chairman in September 2024. Adrian was a founder director of the Company and has been ever present at all our subsequent board meetings. I am delighted Adrian continues to serve as a director and grateful for his support as I take on his role.

NJ Murphy

Date: 14th July 2025

2

REPORT OF THE TRUSTEES AND DIRECTORS for the year ended 31 December 2024

Legal status

The company is governed by its Memorandum and Articles of Association and is a company limited by guarantee and not having a share capital.

Registered Company No. 2994706 Registered Charity No. 1044035

Aims and objectives

The objectives for which the company is established are:

Policies adopted to promote the aims and objectives

In promoting its aims and objectives the company has in particular the power:

Restrictions on activities

The company's objectives shall not extend to the regulation of relations between workers and employers or organisations of workers and organisations of employers.

3

REPORT OF THE TRUSTEES AND DIRECTORS for the year ended 31 December 2024 (continued)

Ensuring our work delivers our aims

We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review helps us to ensure that our aims, objectives and activities remain focussed on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. In this respect, we have complied with the Duty in Section 4 of the 2006 Charities Act to have due regard to guidance published by the Charity Commission.

Charity Trustees and Directors

The Trustees and Directors who served during the year were:

NJ Murphy (appointed 4th June 2024, appointed Chairman 17th September 2024) AJ Scott Knight CHJ Clayden (Treasurer) JC Seymour MJ McDonnell D Lloyd-Williams WP Hargrove (Secretary)

Advisors and other relevant organisations

Bankers - National Westminster Bank plc Investment manager - Rathbone Investment Management Ltd Independent examiner - M Atkinson

Organisation

The Board of Management

The business of the company is managed by the Board of Management which consists of the Trustees and Directors of the company. No person shall serve as a member of the Board or otherwise act on behalf of the company unless that person shall be admitted as a member of the company.

The Board shall consist of not less than five persons and not more than ten of which two Board members shall be appointed by the Board to be Chairman and Treasurer. One of the elected Board members may be appointed by the Board as Vice Chairman if the Board shall so resolve.

The Board may appoint a Manager of the company, may co-opt up to three members to the Board and may delegate any of its powers to committees consisting of such board members together with such other persons as it shall think fit. No member of the Board of Management shall be appointed to any office of the company paid by salary or fees or receive any remuneration or other benefit from the company.

Election procedures

At the Annual General Meeting each year, one third of the elected Board members, except the Chairman and the Treasurer, shall retire from office and are eligible for re-election. The members of the Board to retire shall be those who have been longest in office since their last election or appointment.

Each member of the company may nominate one candidate as a Board member and such nomination must be sent to the registered office of the company on or before such date as the Board may stipulate. Candidates need not be members of the company. Each nomination shall be seconded by one other member of the company.

4

REPORT OF THE TRUSTEES AND DIRECTORS for the year ended 31 December 2024 (continued)

Review of activities

The Company increased its profitabilty by nearly 40% in 2024. As a result, it was well placed to pay for the replacement of one of the astroturf pitches at the Southgate Hockey Centre as part of a cyclical replacement programme. In addition, further funds were spent on the repair and maintenance of facilities at Trent park and on supporting the Schools Outreach programme.

Discussions continue with Berkeley Homes and Enfield Borough Council on arrangements for the ongoing maintenance of our access road, Snakes Lane, and we continue to review the opportunities available for additional income streams where practical.

Financial review

The company's financial statements for the year reflect the nature of the activities undertaken.

During 2024 the company's revenues increased by more than 50% thanks mainly to increased donations, particularly in respect of the School Outreach Programme as well as from a significant legacy. In addition the investment portfolio, which the company maintains to fund the replacement of assets and further charitable activities, also grew during the year, so that during 2024 the company was able to utilise funds in the investment portfolio to pay for the replacement of the water-based astroturf pitch at Southgate Hockey Centre. This replacement took place over the summer months and the new pitch was operational for the 2024/25 hockey season. Expenditure grew slightly as the directors ensured that the right balance was struck between saving for the future and supporting current activities. Overall as a result the company was able to record a profit for the year of £91,163 , up from £65,308 in 2023. This has enabled the company to increase its support for its various charitable activities, as well as continuing to set aside further funds for the future replacement of the second pitch at the Centre, which is due to take place within the next 2 to 3 years. The company continues to be very mindful of economic pressures such as energy costs which will continue to exert financial constraints on companies and individuals for some time to come, as well as the turbulent geopolitical situation, but overall the increase in profitability was a welcome sign of overall economic health. However we recognise that this company, like most trusts, relies heavily on donations which can never be taken for granted, so whilst the level of donations rose for the second consecutive year, we are committed to maintaining a healthy reserve position and ensuring that the investment portfolio is well placed to meet future capital requirements.

At the end of the year the Trustees and Directors are satisfied that the reserves, cash and investment position of the company are adequate to enable the company to continue to fulfil its aims and objectives.

Risk management

The Board has assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the company and are satisfied that systems are in place to mitigate our exposure to the major risks.

Investment Policy

The company owns the leasehold property from which it operates on a 125 year lease which expires in 2127. The Board believes that the market value of this property is likely to be higher than the carrying value, given that the charity has held the property for a number of years and the upward trend of property prices over that period. Long-term investments are made in the stock market through investment managers.

5

REPORT OF THE TRUSTEES AND DIRECTORS for the year ended 31 December 2024 (continued)

Reserves Policy

The Board aims to keep a modest level of reserves, sufficient in their view to ensure that the Trust can continue to operate for a reasonable period should levels of income become insufficient to support ongoing commitments. This is calculated to be in the region of £100,000. The general funds amounted to £442,669 at 31 December 2024 (31 December 2023: £342,061) which is in line with policy. The Board has also reviewed the designated funds and is satisfied that they are consistent with the needs of the Trust. The policy is reviewied annually by the company.

Statement of directors' responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (UK Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied they give a true and fair view of the state of the affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Exemption from Audit

The charitable company is exempted from the requirements for an audit under the provisions of the Companies Act 2006.

Small company provisions

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. It was approved by the board on 14th July 2025 and signed on its behalf by the Treasurer (see below).

CHJ Clayden

Trustee and Director

Registered office: Southgate Sports and Leisure Trust Southgate Hockey Centre, Trent Park Snakes Lane, Oakwood Hertfordshire EN4 0PS

6

INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS ON THE UNAUDITED ACCOUNTS OF THE SOUTHGATE SPORTS AND LEISURE TRUST

I report on the financial statements of The Southgate Sports & Leisure Trust ("the charity") for the year ended 31 December 2024, which are set out on pages 8 to 16.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under the 2011 Act and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

to keep accounting records in accordance with section 386 of the Companies Act 2006; and

to prepare financial statements which accord with the accounting records, comply with the accounting requirements of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

M Atkinson

Date: 28 October 2025

51 Lawrence Gardens Mill Hill London NW7 4AU

7

STATEMENT OF FINANCIAL ACTIVITIES

(and income and expenditure account) for the year ended 31 December 2024

INCOME AND EXPENDITURE

Note
Income
Donations and legacies
3
Income from charitable activities:
Rent receivable
Investment income
4
Total income
Expenditure
Cost of raising funds:
Fundraising and publicity
5
Expenditure on charitable activities:
Direct Charitable Expenditure
6
Total expenditure
Net income before investment gains/(losses)
Net gains/(losses) on investments
Realised gain /(loss) on investment assets
Unrealised gain on investment assets
9
Net gains /(losses) on investments
Net income/(expenditure) and net movement
in funds for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
82,163
48,821
12,311
143,295
(2,068)
(69,130)
(71,198)
72,097
2,157
16,517
18,674
90,771
836,592
927,363
£		 Restricted
Funds
£
77,113
-
-
77,113
(137)
(76,584)
(76,721)
392
-
-
-
392
264,352
264,744
£		 Total
Total
2024
2023
£
£
159,276
82,502
48,821
49,040
12,311
10,729
220,408
142,271
(2,205)
(10)
(145,714)
(98,697)
(147,919)
(98,707)
72,489
43,564
2,157
(429)
16,517
22,173
18,674
21,744
91,163
65,308
1,100,944
1,035,636
1,192,107
£
1,100,944
£

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 10-16 form part of these financial statements.

8

BALANCE SHEET As at 31 December 2024

BALANCE SHEET
As at 31 December 2024
Notes
FIXED ASSETS
Tangible assets
8
Investments
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
THE FUNDS OF THE CHARITY
Unrestricted funds
13
Restricted funds
13
TOTAL CHARITY FUNDS		 £
£
743,404
140,959
884,363
66,664
282,818
349,482
(41,738)
307,744
1,192,107
1,192,107
£
927,363
264,744
1,192,107
£
31.12.2024		 £
£
516,705
317,371
834,076
32,275
244,554
276,829
(9,961)
266,868
1,100,944
1,100,944
£
836,592
264,352
1,100,944
£
31.12.2023
1,100,944
1,100,944
£
836,592
264,352
1,100,944
£

Directors' statements in accordance with the Companies Act 2006 (the Act)

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of s.477 of the Companies Act 2006. Members have not required the company, under s.476 of the Companies Act 2006, to obtain an audit for the year ended 31 December 2024. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s.386 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2024 and of its profit for the year then ended in accordance with s.396 and which otherwise comply with the requirements of the Act relating to the financial statements, so far as applicable to the company.

The financial statements which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 were approved by the board on 14th July 2025 and are signed on its behalf as below:

NJ Murphy )
) Directors and Trustees
C H J Clayden )

The notes on pages 10-16 form part of these financial statements.

9

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024

1. ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements are prepared in sterling and are rounded to the nearest £.

The Southgate Sports and Leisure Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

The company is a registered charity and as such its activities are dependent upon the funding provided voluntarily by donors, sponsors and grant issuing bodies. The financial statements have been prepared on the going concern basis on the grounds that the directors are confident that such funding will continue for the foreseeable future.

Cash flow statement

As a small company, the company is exempted from the requirement to produce a cash flow statement.

Income

The value of resources, both income and capital, accruing to the company are only recorded in the Statement of Financial Activities when it is prudent and practicable to do so. Any resources which are subject to the satisfaction of certain conditions are not recognised until such conditions have been met.

Income received with specific restrictions as to its use by the company are allocated to appropriate restricted funds.

All grants, donations and voluntary income are accounted for gross when receivable.

Other expenditure

Expenditure which is not of a capital nature is shown as a use of resources in the Statement of Financial Activities. Such expenditure incurred in the furtherance of the company's charitable objects is treated as direct charitable expenditure and other expenditure is sub-divided between fund raising and publicity costs and support costs as appropriate. Any revenue expenditure made from a restricted fund is allocated as an outgoing resource of the fund concerned.

10

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024

1. ACCOUNTING POLICIES (CONTINUED)

Fixed assets and depreciation

Fixed assets are capitalised at cost. All items over £200 are capitalised.

Depreciation is provided to write off the cost, less estimated residual values, of all fixed assets over their expected useful lives as follows:

Leasehold property - over the term of the lease Pavilion - 20 to 50 years Water borehole - 50 years Pitches - 10 - 20 years Fixtures, fittings and equipment - 5 - 10 years

Investments

Investments are stated at market value. Unrealised gains or losses in the form of market value fluctuations are taken to the Statement of Financial Activities.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the directors have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Trust’s work being undertaken by the Trust.

Debtors

Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

11

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2024

2. LEGAL STATUS OF THE TRUST

The Trust, which was incorporated in England and Wales, is a company limited by guarantee and has no share capital. The Memorandum of Association states that the liability of every member is limited to a maximum contribution of £1 in the event that the company should be wound up.

3.
DONATIONS AND LEGACIES
Sponsorship income
Income from donors
2023 split
4.
INVESTMENT INCOME
Dividends received from listed investments
Bank and other interest received
2023 split
5.
FUNDRAISING AND PUBLICITY
Fees on donations
London marathon bonds
2023 split
6.
DIRECT CHARITABLE EXPENDITURE
Coaching fees
Lease amortisation
Depreciation
Equipment hire
Support costs
Other
2023 split		 Unrestricted
Restricted
Total
Total
funds
funds
2024
2023
£
£
£
£
9,333
-
9,333
3,552
72,830
77,113
149,943
78,950
82,163
£
77,113
£
159,276
£
82,502
£
29,364
53,138
82,502
Unrestricted
Restricted
Total
Total
funds
funds
2024
2023
£
£
£
£
4,008
-
4,008
8,333
8,303
-
8,303
2,396
12,311
£
-
£
12,311
£
10,729
£
10,729
-
10,729
Unrestricted
Restricted
Total
Total
funds
funds
2024
2023
£
£
£
£
218
137
355
10
1,850
-
1,850
-
2,068
£
137
£
2,205
£
10
£
10
-
10
Unrestricted
Restricted
Total
Total
funds
funds
2024
2023
£
£
£
£
6,953
66,086
73,039
46,611
48
81
129
129
49,868
10,417
60,285
37,995
-
-
-
6,230
12,238
-
12,238
7,732
23
-
23
-
69,130
£
76,584
£
145,714
£
98,697
£
43,099
55,598
98,697

12

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2024

7.
NET INCOME FOR THE YEAR
This is stated after charging:
Operating leases
Depreciation and lease amortisation
Independent examiners' remuneration
8.
TANGIBLE FIXED ASSETS
COST
At 1 January 2024
Additions
Disposals
At 31 December 2024
DEPRECIATION
At 1 January 2024
Disposals
Charge for the year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 2024
2023
£
£
-
-
60,414
38,124
-
-
Long
Pitches
Fixtures,
Leasehold
& water
fittings &
property
Pavilion
borehole
equipment
Total
£
£
£
£
£
16,033
694,636
1,348,981
111,891
2,171,541
-
-
287,113
-
287,113
-
-
(143,783)
-
(143,783)
16,033
694,636
1,492,311
111,891
2,314,871
3,343
343,555
1,201,901
106,037
1,654,836
-
-
(143,783)
-
(143,783)
129
15,194
41,416
3,675
60,414
3,472
358,749
1,099,534
109,712
1,571,467
12,561
£
335,887
£
392,777
£
2,179
£
743,404
£
12,690
£
351,081
£
147,080
£
5,854
£
516,705
£
9.
INVESTMENTS
Market value at 1 January
Additions at cost
Disposals at market value
Unrealised gains/ (losses)
Market value at 31 December
Investments at historic cost		 2024
2023
£
£
317,371
345,222
-
-
(192,929)
(50,024)
16,517
22,173
140,959
£
317,371
£
85,989
340,188

The investment portfolio is made up of UK fixed interest stocks and equities, all quoted/listed within the UK . All investments are carried at their fair value. Investments which made up over 5% of the value of the portfolio are as follows:

3,600 Invest Fund Services Evenlode Income D Inc 9,432
150 I shares PLC 9,517
78 SPDR Series Trust - S&P 500 ETF 36,878
4800 Polar Capital Technology Trust 16,728
2400 Waystone Fund Services (UK) Trojan S Inc 8,012

13

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2024

10. DEBTORS
Prepayments and accrued income
Other debtors
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Rent in advance
Deferred Income
VAT payable
Accruals
Other creditors		 2024
2023
£
£
1,850
1,850
64,814
30,425
66,664
£
32,275
£
2024
2023
£
£
3,648
3,648
-
429
1,887
1,490
4,158
-
32,045
4,394
41,738
£
9,961
£

12. TAXATION

The company is not liable for tax on its financial activities on the grounds that it is a registered charity.

13 FUNDS

FUNDS
RESTRICTED FUNDS
Trent Park fund
Replacement of assets
WKH Memorial fund
Robert Watson award
President's Fund
Performance Academy
Floodlight maintenance
UNRESTRICTED FUNDS
Designated funds
Replacement of assets
President's corner
Landscape maintenance
Building maintenance
Schools Outreach
Freehold
General fund		 Movement
Movement
Balance
in resources
in resources
Gains /
Balance
01.01.2024
incoming
outgoing
Transfers
(losses)
31.12.2024
£
£
£
£
£
£
221,820
-
(10,498)
-
-
211,322
9,133
14,712
(137)
-
-
23,708
5,590
625
-
-
-
6,215
2,161
-
-
-
-
2,161
22,994
60,625
(64,086)
-
-
19,533
2,426
1,150
(2,000)
-
-
1,576
228
-
-
-
-
228
264,352
77,112
(76,721)
-
-
264,743
418,517
11,763
(6,128)
(100,000)
18,674
342,826
2,275
-
-
-
-
2,275
20,000
-
-
-
-
20,000
25,000
-
-
-
-
25,000
23,489
2,200
(8,381)
-
17,308
5,250
72,036
-
-
-
77,286
342,061
57,297
(56,689)
100,000
-
442,669
836,592
143,296
(71,198)
-
18,674
927,364
1,100,944
£
220,408
£
147,919)
(£
-
£
18,674
£
1,192,107
£

14

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2024

13 FUNDS (CONTINUED)

The purposes and origins of the various funds are outlined below:

Fund balances at 31 December 2024 are represented as follows:

RESTRICTED FUNDS
Trent Park fund
Replacement of assets
WKH Memorial fund
Robert Watson award
President's Fund
Performance Academy
Floodlight maintenance
UNRESTRICTED FUNDS
Designated funds
Replacement of assets
Landscape maintenance
Building maintenance
Presidents Corner
Schools Outreach
Freehold fund
General fund		 Fixed
Fixed
Net current
Tangible
Asset
assets/
Assets
Investments
(liabilities)
£
£
£
211,322
-
-
-
-
23,708
-
-
6,215
-
-
2,161
-
-
19,533
-
-
1,576
-
-
228
211,322
-
53,421
-
140,959
201,867
-
-
20,000
-
-
25,000
-
-
2,275
-
-
17,308
-
-
77,286
532,082
-
(89,413)
532,082
140,959
254,323
743,404
£
140,959
£
307,744
£		 Total
£
211,322
23,708
6,215
2,161
19,533
1,576
228
264,743
342,826
20,000
25,000
2,275
17,308
77,286
442,669
927,364
1,192,107
£

15

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2024

14 TRANSACTIONS WITH CONNECTED PERSONS

(i) No trustee received any remuneration or expenses during the year under review (2023: £Nil).

(ii) Since 2020 the board approved that the preparation of the financial statements of the company would be prepared by CHJ Consulting Limited (formerly CHJ Associates Limited), a company of which the Treasurer is a Director and Shareholder. CHJ Consulting Limited invoiced £1,062 in respect of this work in the year ended 31 December 2024 (2023: £864). There were no other transactions with connected parties during the year.

15. COMPARATIVE FUNDS SPLIT

Income
Donations and legacies
Income from charitable activities:
Rent receivable
Investment income
Total income
Expenditure
Cost of raising funds:
Fundraising and publicity
Expenditure on charitable activities:
Direct Charitable Expenditure
Total expenditure
Net gains/(losses) on investments
Realised loss on investment assets
Unrealised gain on investment assets
Total net gains on investments
Net income/(expenditure) and net movement
in funds for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
29,364
49,040
10,729
89,133
(10)
(43,099)
(43,109)
(429)
22,173
21,744
67,768
768,824
836,592
£		 Restricted
Funds
£
53,138
-
-
53,138
-
(55,598)
(55,598)
-
-
-
(2,460)
266,812
264,352
£		 Total
2023
£
82,502
49,040
10,729
142,271
(10)
(98,697)
(98,707)
(429)
22,173
21,744
65,308
1,035,636
1,100,944
£

16