REGISTERED CHARITY NUMBER: 1067813 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 FOR NORrToN ON SOAR JUBILEE FIELD Essex Abel Ltd 4 BaDk Court Weldon Road Lougbborough Leic¢s*rshir¢ LEII 5RF
NORMANTON ON SOAR JUBJLEE FIELD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Page Report of the Trustees Independent Examiner's Report ststement of Financial Activities Balance Sheet Notes to the Financial Stat¢ments 5 to 10
NORMANTON ON SOAR JUBILEE FIELD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 Th¢ trust¢¢s present their report with the financial statements of the charlty for the year ended 28 Febnwy 2025. The tSteeS have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities pr¢paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controll¢d by its governing documenL a deed of tnt and constitutes an unincorporated charity. REFERENCE AfiD ADMINISTRATIVE DETAILS Registered Charity number 1067813 Principal address 83 Main Street Nornianton on Soar Loughborough Leicestershire LE12 5HB Trustees DCWSmith Mrs D M Corlisle M George (resigned 26.9.25) Mrs S O'connell (appointed 12.6.24) Independent Examlner Jason Oram FCCA Essex Abel Ltd 4 BaDk Court Weldon Road Lougbborough Leicestershire LEI15RF Approved by order of th¢ board of trustees on .... . and signed on its b¢half by: Trustee Page I
INDEPEM)ENT EXAMINER'S REPORT TO THE TRUSTEES OF NORMANTON ON SOARJUBILEE FIELD Independent examiner's report to the trustees of Normanton on Soar Jubllee Field I report to the charity trustees on my examination of the accounts of Norn]anton on Soar Jubilee Field (the TNst) for the year ended 28 FebrLWy 2025. Responsibilities 8nd basis of report As the charity trust¢¢s of the Tnt you are responsibl¢ for the pr¢paration of the CoUnt5 in accordance with the requirements of the Charities Art 2011 (lhe ACV). I report in respect of tny examination of the Trnst's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all appIlble Directions given by the Charity Commission under Section 145(5Xb) of the Act. Illdependent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention Rn connection with the examination giving m¢ cause to believe that in any Materi respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord with those records" or the accouDts do not comply with the applicable requirements concerning tbe fonn alld content of accounts set out in the Charities (Accounts and Reports) Regulatiolls 2008 other than any requirement that the COUnts give a true and fair view which is not a ntter considered as part of an independent examination. I have no ¢on¢¢rns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of th¢ accounts to be reached. Jason Oram FCCA Essex Abel Ltd 4 Bank Court Weldon Road Loughborougb Leicestershire LEI 15RF Dat¢.' .. Page 2
NORMANTON ON SOAR JUBILEE FIELD STATEMENT OF FINANCIAL ACTivfTIES FOR THE YEAR ENDED 28 FEBRUARY 2025 2025 Total funds 2024 Total funds Unrestricted fund Village Fund Notes INCOME AI¥D EIWOWMENTS FROM Donations and legacies 9,500 9,500 10,718 Charitable activities Village Hall Income 41,753 41,753 33,376 Investment income 1,663 1,663 661 Total 52,916 52,916 44,755 EXPENDITURE ON Charitable activities Village Hall Expenses 35,836 35,836 37,143 NET INCOME 17,080 17,080 7,612 RFCONCJLJATION OF FUNDS Total fidS brought forward 210.161 210,161 202,549 TOTAL FUNDS CARRIED FORWARD 227,241 227,241 210.161 The notes forni part of th¢se financial statements Page 3
NORMANTON ON SOAR JUBILEE FIELD BALANCE SHEET 28 FEBRUARY 2025 2025 Total funds 2024 Total funds Unrestricted fund Village Fund Notes FIXED ASSETS Tangible assets tnvestments 151,594 I,ooi 151,594 I,ooi 156,357 I,ooi 152,595 152,595 157,358 CURRENT ASSETS Debtors Cash at bank and in hand 4.711 83,110 4,711 85,107 3,469 61,503 1,997 87,821 1,997 89,818 64,972 CREDITORS Amounts falling due within one year (13,175) (1,997) (15,172) (12,169) NET CURRENT ASSEIS 74,646 74,646 52,803 TOTAL ASSETS LESS CURRENT LIABILITIES 227,241 227,241 210,161 NET ASSETS 227,241 227241 210.161 Unrestricted fijnds 227,241 210,161 TOTAL FUIYDS 227,241 210,161 The financial statements were approved by the Board of TnteeS and authorised for issue on and were signed on its behalf by.. Trustee The notes forni part of these financial stat¢m¢nts Page 4
NORMANTON ON SOAR JUBILEE FIELD NOTES TO THF FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financiak 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: StatemeDt of Recommended Practice applicable to charities preparing their accounts in accordallce with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Stand<wd 102 Tbe Financial Rq)orting Standard applicable ill the UK and Republic of Ireland, and the Charities Act 2011. The fu1¢1a1 statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. Income All income is recog]sed in the Statement of Flnancial Activities once the charity has entitlement to the fimds. it is probable that the income will be received and the amount can be measured relkably. Expenditure Liabiltties aTe recogniscd as expenditure as soon &8 there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economtc benefits will b¢ r¢quired in settlement and tbe amount of the obligation can be rn¢asur¢d reliably. Expenditure is accounted for on an accruals basis and has been classifi¢d under headings that aggregate all cost related to the category. Wbere costs cannot be direcdy attributed to particular headings they have been allocated to activities on a basis ¢onsist¢nt with the use of resources. Tangible fixed assets Depreckation is provided at the following annual rntes in order to write off each asset over its estimated usefvl life. Taxation The charity is exempt from tsx on its charitable activities. Fund accounting Unrestricfrd funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. R¢stri¢tions arise when sp¢cified by the donor or when funds are raised for particular restricted puryoses. Further explanation of the nature and purpose of each fund is included in the notes to the fanCIal statements. INVESTMENT INCOME 2025 2024 Deposit account interest 1,663 661 Page 5 continued...
IYORMANTON ON SOAR JUBILEE FIELD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025 TRUSTEES, REMUNERATION AND BEIYEFITS There were no tsustees, remuneration or other benefits for the year ended 28 February 2025 nor for the year ended 29 February 2024. Trustees, expenses There were no tnJstees' expenses paid for the year ended 28 February 2025 noT for the year ended 29 Febnwy 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIvrrIES Unrestricted fund Village Fund Totsl fiinds INCOME AND EIYDOWMENfs FROM Donations and legacies 10,718 10,718 Charitable activities Village Hall Income 33,376 33,376 Investment income 661 661 Total 44,755 44,755 EXPENDITURE ON Charitable activities Village Hall Expenses 37,143 37,143 NET INCOME 7,612 7,612 RECONCILIATION OF FUNDS Total fimds brought fonvard 202,549 202,549 TOTAL FUNDS CARRIED FORWARD 210,161 210,161 Page 6 continued...
NORMANTON ON SOAR JUBILEE FIELD NOTES TO THE FINANCIAL STATEMENfs - continued FOR THE YEAR ENDED 28 FEBRUARY 2025 TANGIBLE FIXED ASSETS Long leasehold Plant and machinery Totals COST At l March 2024 Additions Disposals 163,688 37,586 5,189 (2,054} 201,274 5,189 {2,054} At 28 February 2025 163,688 40,721 204,409 DEPRECIATION At l March 2024 Charge for year Eliminated on disposal 13,922 1,637 30.995 8,315 (2,054) 44,917 9,952 (2,054) At 28 February 2025 15,559 37,256 52,815 NET BOOK VALUE At 28 Febrnary 2025 148,129 3,465 151,594 At 29 Febnwy 2024 149,766 6,591 156,357 FIXED ASSET INVESTMENTS 2025 2024 8hares Loans 1,000 1,000 i.ooi I,ooi Shares in group undertskings MARKET VALUE At l Marcb 2024 and 28 February 2025 NET BOOK VALUE At 28 February 2025 At 29 February 2024 Loans to group undertakings At l March 2024 and 28 February 2025 1,000 There were no investment &ssets outside the UK. Page 7 continued...
NORMAiYfoN ON SOAR JUBILEE FIELD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Prepayments 4,711 3,469 CREDITORS: AMOUN13 FALLING DUE WITHIN ONE YEAR 2025 2024 Taxation and social secwity Other creditors 1.374 13,798 1,374 10,795 15,172 12,169 MOVEMENT IN FUNDS Net movement ID funds At 28.2.25 At 1.3.24 Unrestricted funds General fund 210,161 17,080 227,241 TOTAL FUNDS 210,161 17,080 227.241 Net movement in funds. included in the above are &q follows: Incoming resources Resourees expended Movement in funds Unrestricted funds Geller fund 52.916 (35.836) 17,080 TOTAL FUNDS 52,916 (35,836) 17,080 Comparatives for movement in funds Net movement in funds At 29.2.24 At lJ23 Unrestrieted funds Gmeral fid 202,549 7,612 210,161 TOTAL FUNDS 202,549 7.612 210.161 Page 8 continued...
NORMANfoN OIY SOAR JUBILEE FIELD NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 28 FEBRUARY 2025 MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resourees Resources expended Movement in funds Unrestrieted funds General fund 44,755 (37,143) 7,612 TOTAL FUNDS 44,755 (37,143) 7,612 A current year 12 months and prior year 12 months combined position is &s follows: Net movement In funds At 282.25 At 1.3.23 Unrestricted funds G¢n¢ral fund 202,549 24.692 227,241 TOTAL FUNDS 202,549 24,692 227,241 A cumt year 12 months and prior year 12 months combined net movement in fid8, included in the above are L8 follows: Incoming resources Resources expended Movement in funds Unrestrieted funds General fund 97,671 (72,979) 24,692 TOTAL FUNDS 97,671 (72,979) 24,692 Page 9 continued...
NORMANTON ON SOAR JUBILEE FIELD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EIYDED 28 FEBRUARY 2025 io. RELATED PARTY DISCLOSiJRES There were no related party transactions for the year ended 28 Febnwy 2025. Page 10