REGISTERED CHARrrY NUMBER: 1067813 REPORT OF THE TRUSTEES AND uNAUDED FINANCIAL STATEMENTS FOR THE YEAR EIYDED 29 FEBRUARY 2024 FOR NORMANTON ON SOARJUBILEE FIELD Ess¢x Ab¢1 Ltd 4 Bank Court Weldon Road Loughborough Leicestershi LEI15RF
NORMANTON ON SOAR JUBILEE FIELD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 Page Report of the Trustees Independent Examfiner'$ Report statement of Financial Actfivltiej Balance Sbeet Nots8 to the FlnAnel*l Statements 5 to 10
NORMANTON ON SOAR JUBILEE FIELD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 The trustees present their report with the financial statements of the charity for the year ended 29 February 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recollunended Practice applicable to charities preparing thetr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). STRucfuRE, COVERNANCE AND MANACEMENT Covcrning document The clwity is controlled by its governing docutnenL a de¢d of trust and constitutes an unincorporated charity. REFERENCE AIYD ADMINISTRATtVE DETAJLS Registered Charity number 1067813 Principal address 5 Main Street Nonnanton on Soar Loughborough Leicestershire LE12 5HB Trustees DCWSmith Mrs D M CarlÉsle M George Independent Examiner Jason Oram FCCA Essex Abel Ltd 4 Bank Cowt Weldon Road Lougbbornugb Leicestershi LEII 5RF Approved by order of the board of trustees on ............ and signed on its behalf by: Trustee Page I
IIYDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORMANTON ON SOAR JUBILEE FIELD Independent examiner's report to the tn15tees of Normanton on Soar Jubllee Fleld I report to the charity trustees on my examition of the accounts of Nornianton on Soar Jubilee Field (the Trust) for the year ended 29 February 2024. Resy>nsibxlities and basis of report As the charity trustees of the Tntst you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Tnjsvs accounts carried out under Section 145 of the Act and in carrying out my examination I hav¢ followed all applicable Directions given by th¢ Charity Commission under S¢ction 145(5)(b) of the Act. Independent exaTrDiner's statement I have completed my examination. I ¢onfirni that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respecL' accounting records were not kept in respect of the Tnt as required by Section 130 of the Act. or the accounts do not accord with those records. or the accounts do not compty with tbe applicable requirernents concerning the fonn and content of accounts set out in th¢ Chariti¢s (Accounts and Reports) Regulations 2008 otber than any requirement that the accounts give a Irue and fair view which is not a matt¢r consid¢r as part of an indq)¢nd¢nt examination. I have no concerns and have come across no other matters in corniection with the exarnination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jason Oram FCCA Essex Abel Ltd 4 Bank Court Weldon Road IA)ughborough Lei¢estershire LEII 5RF Date: Pag¢ 2
NORMANTON ON SOAR JUBILEE FIELD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 FEBRUARY 2024 21124 Total funds 2023 Totsl funds Unrestrleted fund Village Fund Notes INCOME AND ENDOWMENTS FROM Donations and l¢gaci¢s 10.718 10,718 9,682 Other trading activities tnvesttnent income 33.377 659 33,377 659 28,914 98 Total 44,754 44,754 38,694 EXPENDITURE ON Charitable activities Village Hall Expenses 37,142 37,142 31296 IYET INCOME 7,612 7,612 7,398 RECONCILIATION OF FUNDS Total funds brought forward 202,549 202,549 195,151 TOTAL FUNDS CARRIED FORWARD 210,161 210,161 202,549 The notes forni part of these financial statements Page 3
NORMANTON ON SOAR JUBILEE FIELD BALANCE SHEET 29 FEBRUARY 2024 2024 Totsl funds 2023 Total nds Unrestrieted fund Village Fund Notes FIXED ASSETS Tangible assets ]nvestments 156.357 I,ooi 156,357 I,ooi 160,304 I,ooi 157,358 157,358 161,305 cURREr ASSETS D¢btors Cash at bank and in hand 3,469 59,506 3.469 61,503 10.836 46,236 1,997 62,975 1,997 64.972 57,072 CREDITORS Amounts falling due within one year (10,172) (1,997) (12,169) (15,828) NET CURRENT ASSETS 52,803 52,803 41,244 TOTAL A&8ETS LESS CURREIYT LIABILITIES 210,161 210,161 202,549 NET ASSETS 210,161 210,161 202,549 FUNDS Unrestricted funds io 210,161 202,549 TOTAL FUIYDS 210,161 202,549 The financtal statements wer¢ approved by the Board of Trustees and authorised for issue on and wer¢ signed on its behalf by: Ttee The notes fonn part of these financial statements Pag¢ 4
NORMANTON ON SOAR JUBILEE FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 29 FEBRUARY 2024 ACCOUNTING POLICIES Basis of preparing the financAal stgtements The financial statements of the charity. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and R¢porting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financi Reporting Standard applicable in the UK and Republic of Sreland, and the Charities Act 2011. The fmancial statem¢nts have been prepared under the historical cost Conventio with th¢ exception of investments which are included at market value. Income All income is rewgnised in the Statement of Financial Activities once the charity has entitlement to the fimds, it is probable that the income will be received and the amount can be m¢asur¢d reliably. Expenditure Liabilities are recognised &8 expenditure as soon as there is a legal or Constructive obligation committing the charity to that expendittwe. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation Can be measured reliabty. Expenditure is accounted for on an accruals b&sis and has been classifted under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provÈded at the following annual rates in order to lts off each asset over its estimated useful life. Taxation The charity ts exempt from tax on its charitable activiti¢s. Fund aceouDting Unrestricted ftmds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fimds can only be used for particular restricted puose$ within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Furtber explanation of the nature and purpose of ¢ach fimd is included in the notes to the financial statements. OTHER TRADLNG ACTIVITtES 2024 2023 Fundraising events Lettings 440 32,937 430 28,484 33,377 28,914 Pag¢ 5 continued...
NORMANTON ON SOAR JUBILEE FIELD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024 INVESTMEIYT INCOME 2024 2023 Deposit account interest 659 98 TRUSTEES, REMUIYERATION AND BENEFITS There were no trustees, remunerdtion or other benefits for the year ended 29 February 2024 nor for th¢ year ended 28 February 2023. Trustees, expenses There were no trsteeS, expenses paid for the year ended 29 February 2024 nor for the year ended 28 February 2023. COIKPARATIVES FOR THE STATEMENT OF FJNANCIAL ACTIVITIES Unrestricted fund Village Fund Totsl fullds INCOME AND ENDOWMENTS FROM Donations and legacies 9,682 9,682 Other trdding activities tnvestment income 28,914 98 28,914 98 Total 38.694 38,694 EXPENDITURE ON Charitable activities Village Hall Expenses 31,296 31,296 NET INCOME 7,398 7,398 RECONCILIATION OF FUNDS Total fid$ brought forward 195,151 195,151 TOTAL FUNDS CARRIED FORWARD 202,549 202,549 Page 6 continued...
NORMANTOIY ON SOAR JUBILEE FIELD NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 29 FEBRUARY 2024 TAIYGIBLE FIXED ASSETS Long leas¢hold PIAnt and mAchinery Totsls COST At l March 2023 Additions Disposals 163,688 27,988 10.314 (716) 191,676 10,314 (716) At 29 F¢bruary 2024 163,688 37.586 201,274 DEPRECIATION At l March 2023 Charge for year Eliminated on disposal 12,285 1,637 19.087 12,624 (716) 31,372 14,261 (716) At 29 Febnwy 2024 13,922 30.995 44,917 NET BOOK VALUE At 29 February 2024 149,766 6,591 156,357 At 28 FebrLWy 2023 151,403 8,901 160,304 FIXED ASSET INVESTMENrs 2024 2023 Shares 1,000 1,000 I,ooi I,ooi Shares In group undertakings MARKET VALUE At l March 2023 and 29 February 2024 NET BOOK VALUE At 29 FebnLary 2024 At 28 Febnwy 2023 ans to group undertakings At l March 2023 and 29 February 2024 1,000 There were no inv¢sknent assets outside the UK. Page 7 continued...
NORMANTON ON SOAR JUBILEE FIELD NOTES TO THE FINANCIAL STATEMENTS - colltlllued FOR THE YEAR ENDED 29 FEBRUARY 2024 DEBTORS: AMOI]NTS FALLtNG DUE wfnuN ONE YEAR 2024 2023 Pr¢paym¢nts 3,469 10,836 CREDtTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and social security Other creditors 1,374 10,795 1,374 14,454 12,169 15,828 10. MOVEMENT tN FUNDS Net ovement in funds At 29.224 At 1.3.23 Unrestricted funds General fund 202.549 7,612 210,161 TOTAL FUNDS 202.549 7,612 210,161 Net movement in fimd4 included in tbe abov¢ are as follows: Incoming resources Resourc08 expended Movement In funds Unrestrieted funds General fi]nd 44,754 (37,142) 7,612 TOTAL FUNDS 44,754 (37,142) 7,612 Comparatives for movement in funds N¢t movement in funds At 28.2a3 At 1.3.22 Unrestricted funds General fimd 195,151 7,398 202.549 TOTAL FUNDS 195,151 7,398 202,549 Page 8 continued...
NORMANTON ON SOAR JUBILEE FIELD NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 29 FEBRUARY 2024 10. MOVEMENT IN FUNDS - continued Compardtive net movement in fimds, included in the above are as follows: Incoming Resources expended Movement in funds Unrestricted funds General fund 38,694 (31,296) 7,398 TOTAL FUNDS 38,694 (31,296) 7,398 A current year 12 months and prior year 12 months combined position is &8 follows: Net movement in funds At 29.2.24 At 1.3.22 Unrestricted funds General fund 195,151 15,010 210,161 TOTAL FUNDS 195,151 15,010 210,161 A current year 12 months and prior year 12 months combined net movement in fimds, Includ in the aboY¢ ar¢ as follows: Incomlng resource5 Resources expended Movement in funds UDrestrieted funds G¢n¢ral fund 83,448 (68.438) 15,010 TOTAL FUIWS 83,448 (68,438) 15,010 Page 9 continued...
NORMANTOI¥4 ON SOAR JUBILEE FtELD NOTES TO THE FINANCIAL STATEMENTS- eontillued FOR THE YEAR ENDED 29 FEBRUARY 2024 11. RELATED PARTY DISCLOSURES There were no related paty transactiODS for the year ended 29 Febnwy 2024. Page 10