REGISTERED COMPANY NUMBER: 03545209 (England and Wales)
REGISTERED CHARITY NUMBER: 1069371
Report of the Trnsttts Vdnd
Unvdudited Financial Statements For The Ye4r Ended 31 December 2023
for
Lightwater Playing Field Association Lld
Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Lightwater Playing Field Assoeiation Lld
Contents of¢he Financial Stalements
For The Year Ended 31 December 2023
Page
Report of the Trustees
Independent Examiner'5 Re￿rt
Statement of Financial Activities
Balance Sheet
Notes lo Ihe Financial Statements
8 to 14
Detailed Statement of Financial Activities
15

Lightwater Playing Field Assoeiation Lld
Report of the Trustees
For The Year Ended 31 December 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006. preseni their report with
the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions
of Accounting and Reporting by Charities= Ststement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Sthndard applicable in the UK and Republic of Ir¢land (FRS 102)
(effective l January 2019).
OWECTIVES AIYD ACTIVITIES
Objectives gnd aims
During the last year, the Trustees have continued to focus their attention on ensuring thal our offering to the local
community remains at the heart of everything we do. To ihis end. we continue lo work in Partnership with both SHBC
and Competition line. delivering community benefit supported by private ￿tor investment.
The Trustees confirni that they have referred lo the guidance contained in the Charity Commission's general guidance
on public benefit when reviewing ils aims and objectives, and in planning future activities and developments of the
Leisure Centre and Park.
It's critical thal we ensure a solid financial footing to deliver suslainability and investment as we go fonvard.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Significantly this year we have secured a 20 year le￿ extension that will make incremental investment plan5 in
facilities now financially viable and has already unl(Kked investrnenl to refurbish the building, open it up to all the
community through freelunhindered access. estsblish a new coffee offering
operational management of ihe Centre.
stabilize finances, staffing and the
This will enable us to continue our mission to-
Build a more comprehensive and flexible catering service for the Center. sports clubs. and broader park users.
Seek new opportunities to serve the community e.g.
Forge partnerships with local healthcare to offer activities such as Cardio rehabilitation.
Facilities provision for local schools outside peak times (rules and regulations pemiittiTJg)
Deltver our'Light fest, outdoor festival initiative for the enjoymenl of the community at large.
A preference in contrdcts for maintenance. food etc. to be sourced from local Providers.
FINANCIAL REVIEW
Financial posilion
Although the impact of Covid w&s having a smaller affecl on the charity's activities during the year, income was 30/0
lower ai £302,930 (2022: £311,612) and there was a surplus of £1,206 (2022.. deficit £2,?23). In addition to this, there
was an amount of £545,660 added to the reserves as a resuli of ihe loans waived following the lease extension which
has now been achieved. The deficit on reserves carried forward at the end of the year is £35,242 {2022: £582,108.)
No Trustees have resigned during the year, the curreni 4 trustees remain active and wholly engaged.
The Trustees meet regularly and are in contact almost daily.
Finances remain well managed and are sustainable going forward.
Investment policy and objectives
Under the Memorandum and Articles of Association. the charity has the power to inve51 in any way the trustees decide.
Reserves policy
As the charity has net liabilities of £35.242 the tn￿teeS still cannot offer a meaningful Reserve Policy.
PLANS FOR FUTURE PERIODS
With the lease extension we are already in the process of bringing to the Centre Padel Tennis (6 courts), solar capture
l¢¢tric charging poinis. and a new funclion room faciliiy for club users of the cenire and members of the wider
community.
In addition we are in the feasibility stag¢ for a new all-weaiher full size football pitch, which if successful (2025) will
open up the option of further all weather sports facilities. such as tennis. netball. & hockey.
Page I

Lightwater Playing Field Association Ltd
Report of the Trustees
For The Year Ended 31 December 2023
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The company is limited by Guardntee and does not have a share capital. It is a registered charity and its governing
document is its Memorandum and Articles of Association.
Reeruitment and appolntment of new trustees
Trustees are selected and inviied to join the Board of Trnstees by exisling Trustees and the appointment of Trustees is
vested in the Truste¢s.
Organisational structure
The board of Truslees, which includes all Trustees. adminislers the charity. The board meets on a Tllollthly basis. A
centre manager is appointed by the Trustees lo manage the day lo day operations of the charity. To facilitate effective
operations, the Trustees delegate authority for operdtional matters, including finance and employmenl. The Board
continue lo have outside represenlatives attending their meetings but these ar¢ non-voting and attend in an advisory
capacity, this usually consist of members of Competition Line. There is also an open invilation for representative of
SU￿eY Heath Borough Council to attend. by prior arrangement. The outside represenlatives are excluded from attending
Part B of the meeting.
Induction and training of new truslees
New Trustees undergo an orienlalion day io brief them on their legal obligations under charity and company law, the
content of the Memorandum and Articles of Association. the committee and decision making processes, the business
plan and recent financial perforniance of ihe company. During the induction they meet key employees aTJd other
Trustees. Trustees are encouraged to attend appropriate exiernal training events where these will facilitate the
undertaking of their role.
Related parties and funds defieil
The Charity entered into an arrangement WRth Competition Line {UK} Ltd on 21 December 2006 to improve the
facilities at the Leisure Centre and 10 generdte additional funds. Competition Line (UK) Ltd agreed to provide loan
finance lo the Charity and have made further loans since that dale. Income generaled from the new facilities is
apportioned between Competition Line (UK) Ltd and the Charity in the ratio 70 % to 3￿/0. The Charity exiled from an
Administration Order on 25 March 201 I when it had net liabilities (principally the foregoing original long terni loan)
and thus it has a funds deficil. Details of the loan from Competition Line (UK) Ltd are shown on the noles to the
accounts.All loans have been waived by Competition Line {UK) Ltd and the value has therefore been trdnsferred lo
unrestricted funds at 31 st December 2023.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate
ontrols are in place to provide reasonable &ssurance against fraud and error.
The Trustees have reviewed. identified and recorded the major risks to the Charity.
A full review of Health and Safety has been completed and a new Health and Safely management system has been
implemented which is revi¢wed annually.
Financial control is a key area of the business focus, both driving participation/incom¢ and reducing expenditure to
improve ihe financial perfornlance of ihe centre in the long temi. A busines5 plan is in place and finance is reviewed
monthly to ensure control measures and business Under$L￿dIng are monitored closely.
REFERENCE AND ADMINISTRATIVE DETAIts
Registered Company number
03545209 (England and Wales)
Registered Charity number
1069371
Pag¢ 2

Report of the Trulte
For Tkn Year End¢d 31 December 20LI
Regbtcred offt¢¢
Ligbtwater Leisure c￿tre
Lighlwat¢r coun￿
The Avenue
Lightwater
GU18 5RG
Truslee•
S C Russell
T shoUbr￿gc
D Lyons
R Luck
Ind¢pendent Examioer
Mark T C Haryey FCA
Fuller Spurling
Mill House
58 Guildf{￿ Street
Cherts¢y
KT16 9BE
This rep￿ bc£n wepared in xcordaDc¢ with the S￿la1 provisions of Part 15 of the Companies A¢t 21K16 relating
to Sn￿11 Companie
ApproveA by order of the boa￿ of trustees on ..... .......
oo its behalf by:
T Shoubrmige . Tn

Independent Examiner's Report to the Trustees of
Lightwater Playing Field Association Lid
Independent examiner's report to the trustees of Lightwater Playing Field Association Ltd ('the Company,)
report to the charity truslees on my examination of the accounts of the Company for the year ended
31 Decernber 2023.
Responsibilities and basis of report
As the charity's truslees of the Company {and also its directOTS for the purposes of company law) you are responsible for
the preparation of the accounts in accordance with the requirements of the Companies Aci 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required io be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried
out under Section 145 of the Chariiies Act 2011 ('the 201 l Act.). In carrying out my examination I have followed the
Directions given by the Charity Commission under Section 145(5) (b) of the 201 l Act.
Independent examiner's slatement
Since your charity's gross income exceeded £250.0(K) your examiner must be a member of a listed body. I can confirni
that l am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in
England and Wales. which is one of the listed bodies.
I have completed my examination. I confirni no matters have come to my attention in connection with the
examination giving me cause to believe-
accounting records were nol kept in respect of the Company &s required by Section 386 of the 2006 Act. or
the accounts do not accord with those records. or
the accounts do nol comply with the accounting requirements of Section 396 of the 2006 Act other than any
requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by chariiies (applicable to charilies Preparing thelr
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)).
I have no concerns 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 the accounts to be reached.
Mark T C Harvey FCA
Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE
Dat¢: ............
31 .1.7.J..Zo2-Y..
Page 4

Lightwater Playing Field As50CiAtion Ltd
Statement of Financial Activities
(Incorporaling an Income and Expenditure Accoullt)
For The Year Ended 31 December 2023
31.12.23
Total
funds
31.12.22
Total
fimds
Unrestricted
fimd
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Charitable 4clivities
Chariiable Activiiies
302.930
302,930
311612
EXPENDITURE ON
Charilable activities
Charitable Aciivities
301724
301,724
313 835
Loans waived
545,660
NET INCOMEI(EXPENDITURE)
546.866
546,866
(2.223)
RECONCILIATION OF FUNDS
Total funds brought forward
(582.108)
(582.108)
(579,885)
TOTAL FUNDS CARRIED FORWARD
35,242)
35.242)
582.108)
The notes forni part of these financial statements
Page 5

Lightwater Playing Field Association Ltd
Balance Sheel
31 December 2023
31.12.23
Total
funds
31.12.22
Total
funds
Unrestricted
fund
Restricted
fund
Notes
FIXED ASSETS
Tangible assets
5,560
5,560
CURRENT ASSETS
Debtors
Cash at bank
2.305
35.973
2,305
5.664
39,437
38,278
38.278
45,101
CREDITORS
Amount5 falling due within one year
10
(56,444)
(56,444)
(49,512)
NET CURRENT ASSETS/(LIABILITIES)
18,166)
18 166)
TOTAL ASSETS LESS CURRENT
LIABILITIES
(12.606)
(12,606)
{4,411)
CREDITORS
Amounts falling due after more than on¢ year
(22,636)
(22,636)
(577.697)
NET ASSETSI{LIABILITIES)
35.242)
35.242)
582,108
FUNDS
Unrestricted fvnds
13
35,242)
582 108)
TOTAL FUNDS
35.242)
582, 108)
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 December 2023 in accordance with Section 476 of the Companies Act 2(X)6.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that cornply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of the stale of affairs of the charitable company as
at the end of each financial year and of its surplus OT deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which oiherwise comply with the requirements of the Companies Act
2006 relating io financial sthtements. so far as applicable to the charitable company.
(b)
The notes fomi part of these financial statements
Page 6
continued...

Bal•p¢e Sheet- Continued
31 iknrnber 2023
Th¢se fmancial statsments have been ￿t￿red in accorda￿¢ with the provisi￿S applicabk to charitabk Comp￿leS
subject to the Sm￿1 companies regim¢.
The fmanci81 st*ements were approved by the B(4rd of Thjstees aTrJ authorised for issue
T Sboubrvjge. Th
The notes f￿ Fmrt of these financial statcmfflts

Lightwater Playing Field Assoeiation Ltd
Noles to the Financial Stalements
For The Year Ended 31 December 2023
ACCOUNTING POLICIES
Basis of preparing the finaneial statements
The financial statements of the charitable company, which is a public benefit entlty under FRS 102. have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement
of Recommended Prnctice applicable to chariiies preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015),.
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland,, the Charities Act 201 l and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy notes.
The charity achieved an operdting surplus for the period with incoming resources exceeding resources expended
by £1,206 (2022 deficit £2223).
The survival of the Charity is dependent u￿n the continued support of Comp¢lition Line (UK) Limited in
connection with ihe provision of available loan finance. Loans made al 31 st December 2022 were £545,660
and details are set out in the following notes. Following the agreemeni for a lease extension, Compelition Line
(UK) Limited have now agreed to waive the entirety of the loans advanced of £545.660 and this amount has
been credited to reserves.
Following this credit, at 31 st December 2023 the total liabilities exceeded total assets by £35,242.
A cashflow forecast has been completed for 2024. which shows a net inflow of funds of £28.000. The Trustees
are confident that the going concern basis is appropriate for the prepardtion of these accounts.
The Accounts do noi include any adjustments that would be nece55ary if the going conceTn basis w&s not
appropriate.
Financigl reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advanthge of the following disclosure exemption in preparing these financial
ststements, as perniitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland,:
the requirements of Section 7 Statement of Cash Flows.
Income
Income from Charitable Aciiviiies includes the proportion of income from memberships and subscriptions due
to the charity. net of direct debit collection costs and are accounted for in the year in which ihey are received.
Sums which are overdue are nol treated as debtors. Income from sporting and leisure facilities is accounted for
on a receivable basis, amounts invoiced in advance are spread such thai amounts r¢lating to futur¢ P¢Tiods are
treated as deferred income.
Expendilure
Resources expended are included in Ihe Statement of Financtal Activities on an accruals basis inclusive of any
VAT which cannot be recovered.
Charitsble activities include expenditure &ssociated with the operation of the Leisure Centre and include
both the dtrect costs and support costs relaiing to those aclivities.
Governance costs include those incurred in the governance of th¢ charity and its assets and are primarily
a$s￿lated with constitutional and statutory requirements.
li is considered that the proportion of costs of the Icisurc centr¢ that relate to governance in the context of
lighting, heating and statT time are insignificant compared to the proportion of the costs which relate to the
operdtion of the leisure centre.
Page 8
continued...

Lightwater Playing Field Association Ltd
Notes to the Financial Statements- eontinued
For The Year Ended 31 December 2023
ACCOUNTING POLICIES- continued
Tangible fixed assets
Depreciation is provided at the following annual raies in order to write off each asset over its estimated useful
life.
Office equipment
250/0 on cost
Capital items costing less than £ 1.000, other than groU￿d assets, are regarded as revenue items. Grouped items
are furniture and fittings which. although on an item by item basis may fall below the capitalisation level, are
used over a number of years and collectively represent a significant capital asset.
Tvaxation
The charity is exempt from corpordtion tax on its charitable activities.
Fund aeeounting
Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the trustees.
Restrided funds can only be used for particular restricted purposes wiihin the objects of the charity. Restriciions
arise when specified by the donor or when fund5 are raised for particular restricied purposes.
Further explanation of the nalure and purpose of each fimd is included in the notes to the financial statements.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepaymenls are valued at the amount prepaid net of any trade discounts due.
Cash al bank and in hand
Cash at bank and c&sh in hand includes cash al bank and in hand, and demand deposits with banks.
Creditors
CreditOT5 and provisions are recognised where the charity has a present obligation resulting from a pasi event
that will probably result in ihe transfer of funds to a third party and the amouni due to settle the obligation can
be measured or estimated reliably. Credilors and provisions are norn]ally recognised at their settlement amount
after allowing for any trade discounts due.
Loans
The Trustees recognised the loan due to Competition Line (UK) Limited was a basic financial instrument.
Although the loan w&s interest free and would not norn)ally be treated &$ a basic financial instrument under FRS
102. in view of the considerdtions shown in the notes to the financial statements the Trustees believe, thal in the
circumstances of ihe charity and the nature of the loans. that departure from FRS 102 provides a true and fair
view. The loan was therefore stated at the original values of the various amounts advanced. This loan has now
been waived.
Page 9
continued...

Lighhvgter Playing Field Association Ltd
Notes to the Financial Stalements- eonlinued
For The Year Ended 31 December 2023
CHARITABLE ACTIVITIES COSTS
31.12.23
31.12.22
Staff costs
Maintenance of facilitie5 and equipment
Management fee
Insurance
Lighi and heat
Administrdtion, postsge and telephone
Support Costs. see b¢low
Direct debit and other financial costs
Bad debts
143.677
43.723
(A,788
19.410
139,087
76,049
43,922
14,339
14,808
3.473
12.198
8,154
1,805
5.985
17,871
6,270
301724
313.835
SUPPORT COSTS
Governance
costs
Charitable Activities
17.871
Support costs, included in the above, are &s follows:
31.12.23
Charitable
Activities
31.12.22
Total
activities
Accountancy
Independent Examinaiion fees
Legal fe¢s
6.603
1.668
9.600
7.878
4.320
17,871
NET INCOMEI(EXPENDITURE)
Net incomel{expenditure) is stated after chargingl{crediting):
31.12.23
31.12.22
Depreciation - owned assets
794
540
Page 10
Continued...

Lightwater Playing Field AssoeR8tion Ltd
Notes to the Financial S¢atcments- continued
For The Year Ended 31 December 2023
TRUSTEES, REMUNERATION AND BENEFITS
There were no tTUStees' remunerdtion or other benefits for the year ended 31 December 2023 nor for the year
ended 31 December 2022.
Trustees. expenses
During the year directors and officers indemnity insurance premiums of £580 were paid (2022: £570.)
STAFF COSTS
31.12.23
31.12.22
Wages and salaries
s￿la1 security costs
141,554
2,123
136,862
2,225
143,677
139087
The averdge monthly number of employees during the year was as follows:
31.12.23
12
31.12.22
10
Operation of sports. leisure activities
No employees received emoluments in exccss of £60.0(X).
The key management personnel of the charity comprise ihe tn￿le¢S and the accounts manager. The total
employee beneflts of the key management per￿nnel of the Trust were:
31.12.23
31.12.22
Wages and salaries
6,603
7,878
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable Artivities
311.612
311,612
EXPENDITURE ON
Charitable aelivities
Charitsble Activilies
313.835
313.835
NET INCOMEI(EXPENDITURE)
(2.223)
(2.223)
RECONCILIATION OF FUNDS
Total funds brought forward
(579,885)
(579.885)
TOTAL FUNDS CARRIED FORWARD
582,108)
582,108
Page 11
conlinued...

Lightwater Playing Field AssociAtion Ltd
Noles to the Finaneial Ststements- continued
For The Year Ended 31 December 2023
TA]YGIBLE FIXED ASSETS
Plant and
machinery
Office
equipment
Totals
COST
At l January 2023
Additions
7,891
7,891
6,354
6.354
At 31 December 2023
6.354
14.245
DEPRECIATION
At l January 2023
Charge for year
7,891
7.891
794
794
At 31 Dec¢mber 2023
794
7.891
8,685
NET BOOK VALUE
At 31 December 2023
5.560
At 31 December 2022
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Trade debtors
Other debtors
Prepayments
857
1,448
4,846
818
io.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Bank loans and overdrdfts (see note 12)
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
9.700
1.807
1.160
7.507
36,270
l O,O(K)
2,944
955
8.766
56,444
49,512
Page 12
continued...

Ligbtwaler Playing Field AssociatlOD Ltd
Notes to Ihe Financial Stalements- continued
For The Year Ended 31 Deeember 2023
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23
31.12.22
Bank loan
22,636
Other Loan
32.037
545.660
577.697
Other loan details:
Following the lease extension agreed recently, Competition Line (UK) Limiled has waived the entirety of these
loans, and the amount of £545.660 has been transferr¢d to unrestricted funds.
LOANS
12.
An analysis of the maturity of loans is given below:
31.12.23
31.12.22
Amounts falling due within one yeaT on demand:
Bank loans
9.700
i 0.000
Amounts falling due between two and five years:
Bank loans - 2-5 years
22.636
Amounts falling due in more ihan five years:
Repayable otherwise than by instalments:
Other loan5
545,660
13.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.23
Atl.1.23
Unrestricted funds
General fund
<582.108)
546.866
(35,242)
TOTAL FUNDS
582,108)
546.866
35,242)
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
¢xpended
Gains and
losses
Movement
in funds
Unrestrieted funds
General fund
302.930
(301.724)
545.660
546.866
TOTAL FUNDS
302 930
301.724)
545.660
546,866
Page 13
continued...

Lightwater Playing Field Association Ltd
Noles lo the Financial Ststements - continued
For The Year Ended 31 December 2023
13.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
At
31.12.22
Ai 1.1.22
Unrestricted funds
General fund
(579,885)
(2.223)
(582.108)
TOTAL FUNDS
579,885)
582 108)
Comparative net movement in funds. included in ihe above are as follows:
Incoming
resources
Resources
¢xpended
Movement
in funds
Unrestrieted funds
General fund
311,612
(313.835)
(2,223)
TOTAL FUNDS
311,612
313.835)
14.
RELATED PARTY DISCLOSURES
Throughout the period the company was controlled by the Tn￿tees.
As detailed in the Trustees Report under 'Strnclure. governance and Management,. Competition Line (UK)
Limited is a related party of the charity. At 31 st December 2023 the Charity was owed £1,448 by Competition
Line (UK) Limited (2022: £nil). (At 31st December 2022 loans of £545,660 were owed to Competition Line
(UK) Ltd and these loans have been waived and transferred to unrestricted funds at 31 st Decemkn 2023.
During the year Competition Line (UK) Limited charged management fees of £64.788 (2022.. £43,922). and
charged £nil (2022.. £3,739) for direct debit collection charges. Also in 2022 Competition Line (UK) Limited
was paid £13,200 for maintenance Work.
Page 14