REGISTERED COMPANY NUMBER: 03545209 (En2land and Wale5) REGISTERED CHARITY NUMBER: 1069371 Report of the Trustees and Unaudited Financial Statements For The Year Ended 31 December 2024 for Lightwater Plx}Trng Field A550ci4tion Ltd Fuller Spurling Mill Houge 58 Guildford Street Chertsey SurrL'y KT169BE
LighhTr'ater PIAving Field Association Ltd Content5 of the Fin2nci&l Statements For The Year Ended 31 December 2024 Page Report of the Trustees Independent Examiner's Report Statement of Fin8ncio1 ActiNities Balance Sheet Notes to the FIDanclAI Stalements 8 to 13 Detailed Statement of Financial Activities 14
LightTh'ater Pl8Tring Field Assoel*tion Ltd Report of the Trustee5 For The Year Ended 31 December 2024 The IsteeS who are also direcloTS of the Charity for the purposes of the compleS Act 2006, present their report the financial slatemenls of Ihe charity for the year ended 31 December 2024. The trustees hai'e adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable 10 charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeLlive l Januarj. 2019). OBJECTIVES AND ACTIN'ITIES Objectives and aims During the last year. Ihe Trustees have Continued to focus their atteniion on ensuring that our offering io tbe local community remains ai the heart of everythtng we do. To this end, we continue lo work in Partnership with both SHBC and Competition line. delivering community benefil supported by private seclor investment. The Trustees Lonfirn) ihat they have referred io the guidanLe Lonthined in the Charity Commission's general guidan¥¢ on public benefit when reviewing ils aims and objectives. and in planning future aclivilies and developmenls of the Leisure Centre and Park. IVS critical that we ensure a solid financial footing to deliver 5UStainability and investment 85 we go forward. ACHIEVEMENTS AND PERFORMLYCE CharitAble Aetivities Significantly this year we have secured a 20 year lease extension that will make incremental investment plans in facilities now financially viable and has already unlocked investment to refurbish the building. open il up to Jll the ommunily through freelunhindered accL'ss, establish a new coffee offering stabilize finances, statring and Ihe operalional management of the Centre. This will enable us to Lonlinue our mission lo: Build a more comprehensil'e and flexible catering service for the cenler, sports clubs, and broader park users. Seek ne. opportunities to serve the community e.g. Forgye pannerships th.ith local healthcar¢ to offer actii'ilies such as Cardio rehabilitation. Faciliiies provision for local schools outsidc pcak iimcs (njles and regulaiions permiltingl Deliver our'Light fest, ouidoor feslival initiative for the enjoymenl of Ihe community at large. A preferenie in LonlraLls for maintenance. food elc. to be sourLed from local providers. FINANCIAL REVIEW Flnanclal posltion Although the impact of Covid was having a smaller affect on the charity's activities during ihe year, income was 22 % higher at £369.35R 12023.. £302.930) but there was a small operating deficit of £2,086 (2023.. £ 1,206 burplus). The deficit on reserves carried fonvard al the end of the year has increased 10 £37,328 (2023.. £35.242.) No Trustees have resigned during the year. the current 4 trustees remain active and wholly engaged. The Trustees meet regularly and are in conta¢t almost daily. Finances remain well manag¢d 2nd are sustainable going forward with increased revenue gr0h and a strong centre management team. Investment policv and objectii'es Under rhe Memorandum and Articles of Association, the charity has the power to invest in any way the tte¢S decide. Reser%'es policy As the charity has net liabilities of £37,328 the Irustees still Lannot offer a meaningful Reserve Policy. PLANS FOR FUTURE PERIODS With the lease extension we are already in the process of bringing to the Ccntrc Padel Tennis (6 courts) and a new function room faciliry for club users of the centre and members of the wider community. In addition w¢ arc in disc$5[0 a consortium of investors lo assess the feasibility lo thnd a new all-weather full size football pitch in the future plus other new facilities, such as netball. & indoor hockey. Page I
Lightw'ater Plaving Fleld As$o¢i*tion Ltd Report of the Trustees For The Year Ended 31 December 2024 STRL'CTURE. GON'ERNANCE AND MANAGEMENT GofvernlnE document The company is limited by Guarantee and does not have a share capital. It is a registered charity and its governing document is its Memorandwn and Articles of Association. Recruitment and APPOilltment of new trustees Trusiees are selelted and invitLd 10 join Ihe Board of Trustees by existing Trustees and thL appointmLnl of Trustees is vested in the Trustees. Organlsatlonal structure The board of Trustees, which includes all Trustees, administers Ihe charity. The board meets on a monthly basis. A centre manager is appointed by the Trustees to manage the day to day operaiions of the charity. To facilitate effective operaiions, the Trustees delegate authority lor operational matters, including finance and employment. The Board Lonlinue lo have outside represenlalives attending their meetings bul these are non-voling and allend in an advisory LapaLily, this usually Lonsisl of mLmb¥rs of Comp¢tition Line. There is also an open invitalion for representative of Surrey Heath Borough Council to attend, by prior arrangement. The outside reprL'sentatives are CXLludLd from attending Pan B of ihe meeting. Inductlon and tralnlng of new. trustee$ Neiv Trustees undergo an oiienialion day to 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 rcceni financial perfomiance of the company. During the induction ihey meet key employees and other Trustees. TnleeS are encouraged io attend appropriate external training evenls where these will facili¢ale the undLrtaking of their role. RelAted parties gnd funds deficit The Charity cntcrcd into an arrangement with Compelition Line (UK) Ltd on 21 December 2006 to improve Ihe facilities ai th¢ Leisure Centre and lo generate additional fund5. Competition Linc (UK) Ltd agreed lo provide loan finance to the Charity and have made further loans since that date. The Charity exited from an Administration Order on 25 March 2011 when il had nei liabiliiies (principally the foregoing original long term loan) and thus it had a largye funds deficit. However all loans had been waived by Compeiition Linc (UK) Ltd and ihc valuc wa5 thcrcfoie transferred lo unreslriuted funds at 31 $1 De¢¢mber 2023. The rematning funds deficil is £37.328 at 31 st DeLember 2024 Risk management The trusi¢¢S hav¢ a duty lo identify and review ihe risks to which th¢ Charity is exposed and to ensure appropriate controls are in place to provide reasonable assuranL¢ against fraud and error. The Tnjstees have reviewed. identifted and recorded the major risks to the Chariiy. A full rei'iew of Health and Safcly has been completed and a new Health and Safety managemenl system has been implemented which is rev1¢'Cd &nnually. Finan¥ial Lontrol is a key area of the business focus, boih drii'ing partiLipationlincome and redueing expenditure to improi'e the financial performance of the centre in the long lerni. A business plan is in place and finance is revicwed monthly lo ensure control measures and business underslanding are monitored closely. REFERENCE AND ADI%llNISTRATIIIE DETAILS Register¢d Compan), number 03545?09 (England and Wales) Registered Chg4rity number 1069371 Page 2
Lighh%'ater Playing Field Association Ltd Report of the Trustees For The Year Ended 31 December 2024 Registered office Lightw'ater Leisure Centre Lightw'aier Couniry Park The Avcnue Lighiwater Surrey GU18 5RG Trustees S C Russell T Shoubridge D Lyons R Luck Independeni Examiner Mark T C Harvey FCA Fuller Spurling Mill House 58 Guildford Street Chertsey Surrey KT16 9BE This report has been prepared in aLLordance with Ihe sp¢¢ial provisions of Part 15 of the Comp&nies ALI 2006 relating to small ¢ornpanies. Approved by order of the board of trustees on ... and signed on its behalf by.. T Shoubridge - Trusiee Page 3
Ind¢'p¢ndent Examiner's Report tu the Trust1 of Ligh'ter Pla.ying Field A$$ocia¢ion Ltd Indi'pi'ndL'nt l¥x#minL'r's report to thL tN8tees of Li%hth'ater PlaTr'ing Field A5SOCi#tion Ltd I'thL CTrmpany') rLIM)I'l li) IhL Lri1V Iru8lLCS on exdminalii)n i)r the aL¥()unls c)i- Ihc Compan}, li)[ thL' VLar LndLd I I Ikn'Lm[ 2024. RL'sponsihililii¥$ and b¥451 nf report A% IhL tyhaTilTr % IniilLL% l)i- IhL Cc)InpJnN' (and iil%(i ils dirLcI()r8 lor IhL PUTFA)ses ofcc)mpail IdM'I }'iTru arL fLStx)nsiblc l()r 11)L PfLPiirali()ii ()I' IhL' aLLI)unls In (IC¥()rdCL w.lili the rL'quirumL'nls i)I' IhL Lompanie.% Act . ?006 {'the 2006 A¥l'). .l<ll'ing sati%liLd mi'%L.11- ihal IIIL Il¢C()iinl% ()l- the Ciimp(In! ar¥ nol required lo bL' audilLd undLr l)arl IC) i)f thL 2(10(? Acl nd drL' Llib7ihlL l()r IndLPL'ndLn( cumindlitin, I rew)rt in re%LI (If mi. Liaininalion ()I' your charilv's Jc¢()unl$ 41% LilttlLd ()ul uiidLr SLcIiLTrn 145 1)l- IhL ChariliLN ALI ?U I i ('IhL' 201 l Acl,). In Larrving Iiiil MN Lkn'ini1itl0n I hal'e fi)IIui¥Ld LIIL l)IrLclions gii'Ln bi. IIIL Charitv Ci)mmi%sic)n undcr Scblic?n 145(5) Ib) ot thL 2011 Acl. Indi'pl'ndcnt t'ithminer'i $¢alemenl %iiiLL I'()iir Lliciriti. % bir()%% InL()11)L L.KcLeded £250,000 your cxaminer mu51 a member nl. a IistLd IM)d}'. I can CL)nlirni ¢hd( I LiwlIliLd Iti undLrtJkL thL cxaminatii)n IK'LdU%L l am a memiyr ()f IhL" Instilulc ()r ChartLrL'd ALL'()unlanls in I,ngldnd ai]d WulLS. which 1% ()ne ol. IhL listed Ex)dies. I IMI'L L()Iiipl¥lud mi, Lxcimination. l Li)nlirni that nc) mallcrs havL' co to my atlenlicin In c()nn¢cliiin 1th Ihe e¥1miniilii)n 8iving ML ¥ausL lo believc.. aLc()unliiig rLL()Ids were noi kcpl In resp¢x'l of the Companv ds required bv SLLlion 186 ()f (h¥ 2006 Act.. or Ilie (l¥C()unl% di) ii()l accord lih th(i%e r¢u)rd%" i)r thc d¥¢()iuils dc) not Climplv lih the acL()unling rLquifLmLntS Lif Secli()n 19fi lif Ihc 20116 Act oth¥Y thdll dn fLquirLmLiii Ihiil IhL (ILC()unl% gii'L a Iruc and lair i'icTh is not a matlcr Li)n51dLfLd as Pi1 ()1" Jn lildLndLiIt LKamindlic)n". or IIIL atiLiiunl% Iiave ni)I kL'll i)TLpdred in aLLOf(lancL" with tlie methÉ)d% and pnnLipIL% ol. thL %i¢ilemenl c)I' Ilec(Jn)niLnJLd Pr<icIiLC Ic)r ab)Unting .2nd rLPi)Tlin8 li! charities lappliLablL Ic) charitic.4 prLparing Il)Lir dLLi)unt% In atic()rdance M'ith ihL I InanLial RerKlrting Siandard appliLablL In IhL' IJK and Republic ol. Ircl¢lT)d {I.'R% IU211. I hilkL 11() c()ncem% and have comu iicfi)s5 ni) i)thLr mallcrs In Ll7nnLcti()n ii'iih the LXdmindli()n to 'h1¢h ullLnlion 511(Juld IK drawn in thi% rLtK)rt in ordLY lo enablL a proper uiidL"r%landiiig of the dCL()Iinls t() IK. rL'JLhLd. Mark l- L I larN'ei' l.'LA I. ullLI %piwlii)g Mlll I Ii)IL%L (iuildl()rd SirL¥t K-I. l() ()}Il', l)dlL".
Lightwater Plaving Field Association Ltd Statement of Financial Aetivltles (Incorporating An Income aDd ExpenditUTe Account) For The Year Ended 31 December 2024 31.12.24 ToLql funds 31.E2.23 Total funds UnstrICted fund Restricted fund Note5 INCOME AND ENDOWMENTS FRO[ Donations and legaLies 4.405 4,405 Charltable ACtlTrltles Charitable Activities 364,953 364,953 302 930 Tot81 369,358 369.358 302,930 EXPENDITURE ON Charitable actii'ities Charitable Activities 371,444 371.444 301,724 Loans waived 545,660 NET INCOMEI(EXPENDITURE) (2.086) (2,086 546,866 RECON'CILIATION OF FUNDS Total funds brought forward (35,242) (35,242) (582,108) TOTAL FUNDS C.4RRIED FORM'ARD 37,328) 37.328) The notes forni part of these financial statements Page 5
LiEhtll'Ater Playin% Field Assoeiation Ltd Balance Sheet 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted fund Restricted fijnd Notes FIXED ASSETS Tangible asseib 3,972 3.972 5,560 CURRENT ASSETS Debtors Cash at bank 5.986 29,513 5,986 29.513 2,305 35.973 35.499 35,499 38,278 CREDITORS Amounts falling due within one year 10 (64,1081 (64.1081 {56.M41 NET CURRENT ASSETSI(LIABILITIES) 28.609) 28.609) 18,166) TOTAL ASSETS LESS CURRENT LIABILITIES {24,637) (24,637) (12.606) CREDITORS Amounts falling due after more than one year (12,691) (12,691) (22,636) NET ASSETSI(LIABILITIES) 37,328) 37,328) 35,242) FUNDS UnrestriLled funds 13 37,328) 35 242) TOTAL FUNDS 37.328) 35,242) The charitable company is entitled to exemption frorn audil under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The member% have not required the company to obtain an audit of ils financial siatements for the year ended 31 December 2024 in a¢cordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring ihal Ihe charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial siatements which &iive a true and fair view of the state of affairs of the charitable company as al the end of each financial vear and of its surplus or deficii for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with th¢ rcquiremenls of th¢ Companies Act 2006 relating io financial stalements. so far as applicable to the Lharitable comp&ny. (b) The not¢s form part of these finanLial stalemenls Page 6 continued...
Ligh.ater Plo)'ing Field Association Ltd Balance Sheel - ¢ontlnued 31 December 2024 These financial statements have been prepared in accordxnce with the provisions applicable to charitable companies subjeci to the small companies regime. The financial siatcments were approved by the Board of Trustees and authorised for issue on -//.i../.z. and were signed on ils behalf by.. ssell - Trustee T Shoubridge - Tnlee The noles form part of these finanLial stalemenls Page 7
Lightwater Playing Fleld Association Ltd Notes to the Financial Statements For The Year Ended 31 December 2024 ACCOUNTING POLICIES B45is of preparing the fiTh*nci21 statements The financial stalemenls of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance ryth the Chariiies SORP {FRS 102) 'Accounling and Reporting by Charities.. Statement of Recommended Practice appliLable lo Lharities preparing their aLLounls in acLordanc¢ with the FinanLial Reporling Standard appliLabl¢ in the UK and Republic of Ircland (FRS 1021 (effeLlive l January 20151,, Financial Reporttng Standard 102 'The FinanLial Reporting Standard appliLable in the UK and Republic of Ireland,, the Charities ALI 201 l and the Companies Aci 2006. Assets and liobilitie5 are initially recognised at historical cost or transaction value unless oiherwi5¢ Stated in tbe relevant accounting policy notes. The charity incurred an operating deficit for the period with resources expended exLeeding incoming resourLes expended by £2,086 12023 £1,206) and thus at 3 I st DeLember 2024 Ihe lolal liabilities exceeded lotal assets by £37,328 A cashflow forecast has been completed for 2025, which shows a posiiive nel inflow of fimds. The Truslees are confident that the going concem basi5 is appropriate for the preparation of these accounts. The Accounts do not include any adjustments that would be necessary if the going concern basis was not appropriaie. Financial reporting standard 102 - reduced disclosure exemptions The Lharilable company has taken adi'antage uf the following disLIosure exemplion in preparing these financial stalemenls, as perniitt¢d by FRS 102 'The Fin3nLial Reporting Standard applicable in the UK and Republic of Ireland,; the requirements of Section 7 Statement of Cash Flows. ltteome InLome from Charithble Activities inLludes the proportion of incorne from memberships and subsLriptions due lo the Lharity, nei of direct debit LolleLlion Losls and are acLounl¢d for in the year in whiLh they are reLeived. Sums whiLh are overdue are not trealLd as debtors. InLome from sporting and leisure facilities is aLLounled for on a reLeivable basis. Amounls invoiL¢d in advanLe ar¢ spread such thal 2mounls relating to fiiture periods are treated as d¢ferred income. Grants income is t8ken to the statement of financial activities when received. Expenditure Resources expended are in¢luded in the Siatemenl of Financial Activilies on an accruals basis inclusive of any 'AT which cannot be recovered. Charitable aLtivities include expenditure asso¢iaied with the operation of the Leisure Centre and include both the direct eosis and support costs relating to those activities. Governance costs include those incurred in the governance of the charity and ils assets and are primarily associated with constitutional and statutory requirements. It is considered that the proponion of costs of the leisure centre that relale io gFovernance in lh¢ coniexi of lighting, heating and staff time are insignificant compared to the proportion of the costs which relale to the operalion of the IcisLEre centre. Tangible fixed a55ets DepreLialion is provided at the following annual rates in order to lte off eaLh asset over its ¢stinted use1 life. Plant and machiThery Office equipmenl 25 /0 on cost 250/0 on cost Page 8 continued..
LI2h.ter Plaving Field Association Ltd Notes to the Financlal Statement5 - continued For The I'eJr Ended 31 December 2024 ACCOUNTING POLICIES - continued Tangible fixed assets Capital iiems costing l¢ss than £ 1,000, other than grouped assets, are regarded as revenue items. Grouped items are furnirure and fittings which. alihough on an ilem by item basis may fall below the capitalisation level, are used over a number of years and iolleLtii'ely represent a signifiLant Lapital asset. Tgxation The charity is exempt from Lorporation tax on its charitable activities. Fund accountinE Unrestricted tunds can be used in accordance with the charitable objectives at the discretion of the truslees. Reslricled fund5 can only be used for particular restricted purposes w'ithin the objects of the charity. ReslriLlions arise when speLified by Ihe donor or when funds are raised for particular restricted purposes. Further explanation of the nature 3Tkd purpose of each fund is inLluded in Ihe notes to the finanLial slatemenls. Debtors Trade and other debtors are recognised at the settl¢meni amount due after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounls due. Cash at bank and in hand Cash at bank and cash in hand includes cash at bank and in han(L and demand deposits with banks. Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a p3St event that will probably result in the transfer of funds lo a third party and ihe amount duL to settlc the obligation Lan be measured or estimaied reliably. Creditors and provisions arc norn)ally reLogniscd xt their setilemenl amount after allowing for any trade discounts due. CHARITABLE ACTIVITIES COSTS 31.12.24 31.12.23 Staff Losls Maintenance of faLilities and equipm¢nl Management fee Insurance Adniinistrations Postage and iel¢phtsne Support costs, see below Card Charges and other financial costs 184.638 60.020 72,624 24,614 7.619 15,603 6.326 143,677 43,723 64,788 19,410 5,9t53 17.871 6,270 371,444 301,724 Page 9 Lonlinued...
Lightwater Plavin% Field Association Ltd Notes to the Financial Statements - continued For The Year Ended 31 December 2024 SUPPORT COSTS GoN'ernance costs Charitable Activilies 15,603 Support costs, included in the above, are as follows: 31.12.24 Cbaritable Actii'ilies 31.12.23 Total activities Accountancy Independent Examination fees L¢gal fees 6,037 3,000 6.566 6.603 1,668 9,600 15,603 NET INCOMEI(EXPENDITURE) Net inLomel(expenditure) is StJt¢d after charginW(Lrediting): 31.12.24 31.12.23 Depreciation- owned assels 1,588 794 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses During the year directors and officers indemnity insurdnce premiums of £605 were paid (2023.. £580.) STAFF COSTS 31.12.24 31.12.23 Wages and salaries Social security costs 177,883 6,755 141,554 184,638 143,677 The average monthly number of employees during the year was as follows.. 31.12.24 15 31.12.23 12 Operation of sports. leisure activities No employees received emoluments in exLess of £60.000. The key management personnel of the charity comprise Ihe trustees and th¢ accounts manager. The toial employee benefit5 of ihe key managem¢nl personnel of the Trusl were.. 31.12.24 31.12.23 Wages cosls 6,967 6,603 Page 10 continued..
Lightwater Plaving Field Association Ltd Notes to the Financial Statement5 - Continued For The Year Ended 31 December 2024 STAFF COSTS- continued COMPA114TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrestriLied fund Restricted fund Total funds ILS'CONIE AND ENDOIVMENTS FROM Charitable actii'ities Charitable Actii'iiies 302,930 302,930 EXPENDITURE ON Charitable activities Charitable Activities 301,724 301724 Loans waived 545,660 545,660 ET INCOME 546.866 546.866 RECONCILIATION OF FUNDS Total ndS brought fonvard (582,108) (582.108) TOTAL FUI%DS CARRIED FORW ARD 35,242) 35,242) TANGIBLE FIXED ASSETS Plant and machinery Office equipment Totals COST Ai l January 2024 and 31 December 2024 6.354 7.891 14.245 DEPRECIATION At l January 2024 Charge for year 794 1,588 7.891 8,685 At 31 December 2024 2,382 10.273 NET BOOK VALUE At 31 December 2024 3,972 3,972 Ai 31 December 2023 5,560 5.560 Pagell continued...
Lightwater Plaving Field Association Ltd Notes to the Fin*nclal Statements - continued For The Year Ended 31 December 2024 DEBTORS: AlouNTs FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debiors Other debiors 515 5.471 857 1,448 5,986 2.305 io. CREDITORS: AloUNTs FALLING DUE '[THIN ONE YEAR 31.12.24 31.12.23 Bank loans and overdrafis (see note 12) Trad¢ ¢reditors Social s¢Lurity and other taxes Oiher creditors AcLrued expenses 9,700 9,700 1.807 1,160 7,507 5,705 1,521 47,182 64,108 56,444 CREDITORS: AMOUNTS FALLING DLJE AFTER.MORE THAN ONE YEAR 31.12.24 31.12.23 Bank loans (see note 12) 12. LOANS An analysi5 of the maiurity of loans is giv¢n below.. 31.12.24 31.12.23 Amounts falling du¢ within one year on demand.. Bank loan5 9,700 9,700 Amounts fallins du¢ bciween two and fiv¢ ycars.. Bank loans 12.691 22,636 13. MOVEMENT IN FUNDS Nel movcment in funds At 31.12.24 At 1.1.24 Unrestricted funds G¢n¢ral fund (35,242) (2.086) (37,328) TOTAL FUNDS 35,242) 2.086) 37,328) P2ge 12 continued...
Lighh%'ater PlavinE Fleld Association Ltd Notes to the Financial Statements eontlnued For The Year Ended 31 December 2024 13. MOVEMENT IN FUNDS- eontlnued Net movemenl in funds, included in Ihe above are as follows: Incoming resourLes Resources expended Movement in funds Llnrestricted funds General fund 369,358 (371.444) (2,086) TOTAL FUNDS 369.358 371.444) 2.086) Comparatives for movement in funds Nel movement in funds At 31.12.23 Atl.1.23 Unrestricted funds General fund 1582.108) 546.866 (35,242) TOTAL FUNDS 582,108) 546.866 35,242) Comparative net nwvemenl it] funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 302.930 (301,724) 545.660 546,866 TOTAL FUNDS 302,930 301,7241 545.660 546.A66 14. RELATED PARTY DISCLOSURES Throughout the period the Lompany was ¢ontTolled by the Trustees. As detailed in the Truste¢s Report under 'Structure, governance and managem¢nt'. Competition Line (UK) Limited is a relaied party ot- the charity. Ai 31 si December 2024 the Charity was owed £5,471 by Competition Line (UK) Limited (2023: £1,448). Compeiiiion Line (tsK) Ltd loans of £545,660 were 'alVed and transferred lo unrestricted funds at 31 sl December 2023. During the year Compelition Line (UK) Limited charged management fees of £72,62412023- £64.788), During the year a Lompany operaied by D P Lyons, on¢ of the Trustees. carried out refurbishment and general repairs work amounting to £18,564. Page 13