FOR￿ YEAR ENDED 31"AUGUST3J23

NG
FCIITHE YEAR ENDED 31"AUGU5f 2023
Anr￿a Re￿rt dthe Trustees
emert of Assetsand Uabillties
r4)tsstothe Fina￿181 Statements

THE YEAR ENDED 31 AUG
23
Thetru5tee5 pre5entthdr teix)rtforthe ￿ended 31"August 2023.
As135t year. the Board of Trustees are as 5*isfied as can be with the perfOrnian￿ of the Charity
during the year up to 31 August 2023. Hall hire ha5 seen a 5kr44 ir￿￿Se on we¥iou5 year we have
seena redudion witheveni￿p*tyb￿k￿ywhith lsfeltto￿d1l￿*ftbythe ajrrentc0stof1m￿ cri%5f￿1
byhousehold&
al
Thefull name of thedwity is Laurknn Playlr¢ FlekkAssoda
Date offonnatton
The Prin￿paI OFfKe 15
Charty Registration wmber
TdeplK)ne number
8September 1972
l Beeth Road, Launton. Bicester, OX26 SAP
1053408
01869 2416
Thetrust&s atthe datethereportand accountswere approved were:.
Mrs Gemma Barrett
Mr Ken Batsford
Mr James Harris
Mr David Ba￿ett
Mr Paul Lovitt
Mfs Ywjnne Barrett
Mrs Vi(*1 P(rfrtin8
Ms Claire Finn
Mr P Van Der Kerkhof
All ofthe abo￿ astrust*sf¢rthe)*rto 31.￿51 2023.
The charity is g￿Med by a Trn5t Deed dated 8 September 1972 is registered with the tharity
Commisston. No. IOS3408.
Individuals are asked to put their names fowward for selection at the Annual General Meeting. Where
possible new trustees are briefed by the outgoing trustee. The trustes continue to leam h<>w the
committee works through attendan￿ at the monthly nieeting
The LPFA th3rity manages the vil*e recreation ground incorporating a thildren's play area, an
endosed muEti use game5 area and two fTr)tball pitd￿& It is also re5p)nsNI e fcr the administration
and running of the hall adJacentto the recreatlon grou￿1

a)
ALTr
The trustees aim is to maints￿lUpkeep the complex and where p)55ibletryto imFKfft and add to the
faalitie&
The tNstees mttt monthtyto discu&sthe th￿1t￿S affair
The Launton Playing Field Association provides a so(ial meetlng place. swtirg faulities and park for
the illllagers to enjoy in their leisure tim
In considering these aims and objects, theTnJstees have revie1￿ the guidan￿ issued by the Charity
Commission in relation to publlc benefit and C￿SIder that the public benefft test continues to be
satisfied.
Our two prinupal re￿nue streams comefrom facitsty bookings {tor the hall and field) and any
contribution from the bar. vthich is wn as a separate community interest company for legal reasons. If
these can be supplemented by grants and fund-raisire acti17ties so rnuch the better.
Our expenditures break down into thosethat are fixed or pretty much unavcmdable-those being
rates. certain utilities insuran￿. building rn*ntenan￿. grass-cuttiFY& playground rna1ntenan￿, etc.
and thosethat are entirdyvartable dependi￿ on our daily booklngs or daily use- these being
a550Ciated heat, water and eledriLIty costs, deaning and pitth maintenanc& Our respon5ibilty is to
ensure that are both offering and runnin8 the faciltties as optirnally as P0￿bIe within our means
and maintainlng a finanaally viable tharitable bu5ines&
As we revlew the year ending 31 August 2023. we are rthryewing our second full financial year of
trading since we took back control of the bar in Aw12019. This of course is due to the pandemic
interrupting each of the prelious three financial years to warying ext￿￿ However, it is still evident
that there is an aftermath to the pandemic a5 people's habits and lrfestyles have changed and this In
tum affects their usage of these lacilitie
In terms of inc4)me there has been On￿ ¥in a stark differen￿ in fortune5 of thet￿ revenue
streams. Hall booki￿ haNt neNw reco￿*[ed to the pre￿I￿emiC levels and worlthwide events have
also subjected us to a cost-of4iving pressure not seen fi)r many In the bweWmonth period we
have seen plenty of thildren's birthday parttes and a number of thristsnin8s, but it is the evening
events that we are missing compared to those previous prtyandemic yeats.
The LPFA made proflts throughout the yearthat were In￿sted back into improvements to the faclllty.
The m¢)st 5ignfficant of these was the investment ID a new oil-ftred boiler, thus addressing the
increasing costs constsnt Ixeakdown repairs to the old one. To fvrther address the high water usage
costs. we replaced all tsps the gentslladres toil￿S with automatic c105ures. These, together with
the water management systems previousfy instrlled in both men's toilets, have significantly reduced
those costs.

4a)
PLA
ALTr
DED
The attached financial statements show the curTart state of the finanos whith the trustees consider
to be sound.
The balance shown on unrestricted income fund5 arnounted to £49.562. tt is the policy of the charity
to maintsin unrestrictÈd funds. which are the free reserves of the tharity. at a levd whlch provides
sufficient fundsto coyer any uTEent or unexperted repairs being necessary.
The accwnts sTrKA¥S a Wr￿U5fOrtheyear of £15,85712022: £15,533).
The total restrirted and unrestricted reseThE5 at the year end stands at £52,701 of which £3,139 is
restrlcted. The trustees ha￿ rfng fenced monie5 in relation to the Multi Use Games Area and the
Children's Hay Area-this latter item bel￿ shown 35the Re5trtcted Fund. The balan￿ on Restricted
Funds is set aslde to coverfuture repair and maintenaTKe costs for the thildr￿'S Play Area.
pi
We recognise that there are potsntial longer-tenn savtnestofleld maintenance costs through the
acquisition of our own mathirw and this is som£thing we intend looknng into. As well as the change
in electriclty supplierwe are *0 lookir¥ at the potential savings that mitht be made usirg solar
panels.
We engaged wtth EWR thrwghout the yearto seek contill￿tOry help in irnproving the lane
and parking areas. They commttted to look at this yet wgve nothing since then. This needs follow-up
before they move on to projects further down the line.
significant￿ 2024 marks the %)th aM1verS￿ olthe openI￿a of the dubhouse. We plan to mark this
with a series of free or heavi￿ (kscounted monthly events forthe community whKh we hope ¥e
supported by the communtty throughout the sfar. We also hope that the Euros football toumament
in June/July is successful l)oth on and (sff the pitch. and we will con5Fder how best to maximise that
opp)rtunlty to our benefft.
e￿￿. ourobjedi¥es will ith beFM)Ssiblethrough syiFKaTrtNYAuntsry efforts myfellow officers
and members of the committee a5 indeed has been the case in all prthtyous years.

b)
Fl
ANN
FOR ThE YEAR
Investments are held in short to medium tenn bank or building society accounts in order to provide
fle￿bIlity and ease of acce55 whilst. atthe same time, rnaintsinir¥the purchasing power ofthe monie5
until they are required.
Rl k mana
Thetrustees haveexaminedthe majorstrategi4 business and operational wi5k5whiththecharty faces
or mayfaee and conftrm thatsystems are in pla￿t0 enable regular reportsto be produced, sothat the
ne￿Sary steps can be taken to lessen any suth risks.
The Trustee5 are reS￿nsIble for s￿epa￿ the annual rewt and the finanaal statements in
accordance wtth appllcable law and United Kingdom GenerallyAccepted Ac(xJuntlng Prartice.
Law applicableto charitles in E￿land and WalesrequlrestheTwstees to preparefinancial statemer
for each financial year. whith give a true and fair vie4¥ of the Charitys financial activitie5 durirg the
year and of its financial wsition at the end of the y. In preparing those financial Statements. the
Trustees are required to:
o selertsuitableactountiry (￿IdeS andthen applythem ccffisthnty,
make jud￿ents and estimates that are reasonable and prndent;
o stste wlther applicable accourt&ry standards and statements of reu)mmended [KactI￿ have
been followed. subjert to any material depathres (￿sdoSed and explained in the finanaal
epare thefinancial statements on a going corKem basis Unl￿ it is inappropriate to presume
that the Charwty will contlnue in operation.
The Trustees are restxytsible for kee￿￿ accountiro remrds vthich disdose with reasonable accuracy
at any time the financial position of the Charity and whith enable them to ascertain the financial
position of the tharity and enable them to ensure that the finan(ial 5t*emeDts cgrnply with the
Charlties Act 2011. They are also responslble for safeguarding the assets of the Charity and hence for
takln8 reasonaNe steps forthe prevention and detection of fraud and other irregularities.
In attordan￿ with the constltthn of the tharlty, a r￿lUtIOn will be put to the members at the
forthcoming annual general meeting to re-appolnt ￿ Accountancy as aCC(￿ntants for the coming
year.
On behalfotthetntstees
Mrs G B•TTett
Treasurer

ToThl Totrl
Furrt15 Fund5 20Z3
JlP4
27,994 40.259
Wages. salaries and iyther staff c(&sts
Rent, r*es and power costs
Repairs & r￿ew31S of property & equisxnent
Telephone, fa4 5L*ionery & othwofficecosts 3d
Accountsnc¥, legal & other professional fts 3e
3b.
4.145
4,145
10,296
7,855
6,258
316
2,555
771
771
12.137
12,137
24,725
Net R￿￿{paYMe1￿1IQrth21ry
15A57
15A57 IS￿33
Net m¢>vement in fvnds
15,857
IS￿57 15,533
Totsl funds broughtforward
33,705
3,139 36,844 21,310
Totslfubth carrfedloThYard
49￿ 1139 51701 36
The note5 on pages 6t0 8fwrn partof theseaccount&

TEM
AND UABIL
ASAT31-AU¢XlSfzJ23
FIX
Premlses
200.(KX)
2(Kl,(
FixtureslFittings
27,995
227,995
2W813
Tradedebtor5
757
1.415
Other Debtors
Prepayments
Banvbuilding balanos
Cash in hand
1.0
22.599
18,676
Totsl (wffentassets
24,
2l168
Total assets
243519
233,435
Trade cre(Ktors
Deposits held
Ac(￿alS
Total current Il•blliles
Total assets less liabllfties
£ 251701
£ 239,981

ATEMErir
ETSAND UABILMES
ASAT 31- AIJGusf2023
Capftal rese
21KJ,000
Balance at start of year
{Deficit)/Surplusfortheyw.
33,705
21,309
15,857
15,533
49,562
36,842
Balance at start of v
$rp￿s/{DefiLjl1fOrtheYear
3,139
3,139
3,139
252,701
239,981
Mr D Baffett-Trustee
The notes on pages 6 to 8fomi partof theSeacco￿rt&

THEF
ATEME
FOR THE YEAR ENI)ED 31-AUGusf 2023
The finanaal statements are prepared under the historlcal cost conventlon as
modrfied by the rewaluation of investment assets and are In accordance wlth
applicable a¢countlng stsndards and the Ststement of Recommended Practice ISORP)
°Accountine and Reporting by a￿rItIe￿ issued ITr Marth 2005.
(b) Income
Income of all kinds Is accourrted for when received. No permanent endowments have
been received in the period.
Ic)
Expenditure Is Induded on a paid basis and has been dassKled under headings that
Income
Hall hire
Match f
RerTt received
Grants
TablÈtennisfee
Miscellaneous
IIW7
2.1(X)
11,847
2.1(M)
15.677
2,100
20,110
14.046
14,046
1372
27.993
27.993
40,259
d and admin
la}Wayg salaries & otherslaff msts
aeanerfs w

LAuNfoN PLAYING F
ATE
EPITS
FOR THE YEAR ENDED 31"AUGusf3023
(b) RWL rates and pwwcwts
Rate5
Light & heat
3,057
7.239
l.Q55
4,145
4,145
10.296
Repairs & maintenan
7,855
7,855
Postage & stationery
Other insurance costs
O￿l¢e and softwarec(*
Telephone
Sundryexpertses
387
3,138
912
821
LO(hJ
1,062
424
L(62
424
L(69
1555
Z555
6,258
Accountancy
Legal fees
771
771
316
771
771
316

ON
THEH
FOR TIIE
Gafns &
LPFA ger￿al fund
Multi use gamesarea
27.994
12.137
15.857
27.994
12,137
15,857