OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

2025-03-31-accounts

Trustees of KING GEORGE'S FIELD, RADLETT: 1086522

- ANNUAL REPORT 2024 25

Introduction

The King Georges Fields Trust has been in operation since 2019 as a separate trust following advice from the auditors of the Aldenham Parish Council (APC) after a substantial payment was received for a installation of a telecommunications mast on the field known as the ‘second pitch’ on the King George V Playing Fields.

The sole trustees of the trust is APC, so automatically the councillors are trustee representatives whilst they remain a councillor. There is a ‘MOU’ with APC whose staff maintain the land.

The Land

The land is known as King George V Playing Field and consists of the following fields;

These lands were gifted to APC in 1938 by The Phillimore Trust on the understanding that they were placed under the King George V Playing Fields protection.

1 | P a g e

The management of the national KGV Trust body is now dealt with by Fields in Trust.

APC is the owner of the land, and set up the King Georges Fields Trust to oversee the land.

About the Trust’s Work

The Trust is mainly set up to maintain the fields and dell’s outlined above so that the public who visit the area can enjoy the open space provided.

Three clubs lease land from the trust and provide activities such as Rugby, Cricket and Mountain Bike riding.

During the period 2024-2025 the following were carried out by the trust

Where the Trusts Derives income from

The Trust relies upon obtaining a grant from APC as its ability to raise funds is limited. It does not employ any staff so expenditure is mainly used on maintenance or improvements in the area.

In 2024-25 APC gave grants to the trust totalling £29,000. There was some hire income for use of Salters Field as a car park for MiddxCC matches at RadlettCC ground etc totalling £3,279.

2 | P a g e

Where the Trust spent its money in the past year

In 2024-25 the income was allocated to the fencing as detailed above (£20,000), general maintenance £2,590 and professional fees such as audit and legal work for new leases, £2,445.

Reserves Policy.

The reserves at the end of the year stood at £10,190. This will be used towards the tree surveys due in 2025 and then any works that may be required as a result of this inspection.

3 | P a g e

King George's Field, Radlett Accounts for the year ended 31st March 2025

Income and Expenditure account: General Fund
2025 2024
Income £ £
Hire income 3,279 5,900
Grants received from Aldenham Parish Council 29,000 14,500
Total income 32,279 20,400
Expenditure
Cobden Hill 20,309 503
Professional fees 2,445 440
Maintenance and repairs 2,590 20,581
Total expenditure 25,344 21,524
Net income/(expenditure) for the year 6,935 (1,124)

3

Accounts for the year ended 31st March 2025
2025 2024
Balance Sheet £ £
Creditors - -
Total Liabilities - -
Debtors 160 -
Bank Current Account 10,030 3,255
Total Assets 10,190 3,255
Net Assets / Liabilities 10,190 3,255
Reserves 10,190 3,255
Approved on behalf of the Trustee:
Date:

4

King George's Field, Radlett

Charity number 1086522

Accounts for the year ended 31st March 2025

Trustee: Aldenham Parish Council Address: Aldenham Parish Council 1 Aldenham Avenue Radlett WD7 8HL

1

Governing Document

Declaration of Trust dated 15th May 2007

Objectives of the Trust

A recreation and playing field to be preserved in perpetuity as a memorial to King George V under the provisions of the Kings George's Field Foundation.

Summary of the main activities of the charity during the year

The income of the Trust for the year amounted to £32,279 (2024:£20,400). The reason for the increase in income was due to additional grant provided by the Trustee, Aldenham Parish Council.

The expenditure for the year amounted to £25,344 (2024:£21,524).

2

King George's Field, Radlett Accounts for the year ended 31st March 2025

Income and Expenditure account: General Fund
2025 2024
Income £ £
Hire income 3,279 5,900
Grants received from Aldenham Parish Council 29,000 14,500
Total income 32,279 20,400
Expenditure
Cobden Hill 20,309 503
Professional fees 2,445 440
Maintenance and repairs 2,590 20,581
Total expenditure 25,344 21,524
Net income/(expenditure) for the year 6,935 (1,124)

3

Accounts for the year ended 31st March 2025
2025 2024
Balance Sheet £ £
Creditors - -
Total Liabilities - -
Debtors 160 -
Bank Current Account 10,030 3,255
Total Assets 10,190 3,255
Net Assets / Liabilities 10,190 3,255
Reserves 10,190 3,255
Approved on behalf of the Trustee:

Date:

4

Report to the trustees of King George's Field, Radlett on the accounts for the year ended 31st March 2025

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31st March 2025.

As the charity trustees of the Trust, 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 Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

-accounting records were not kept in accordance with section 130 of the Act or

-the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: L. - fe. Kevin Rose ACMA

Date: 26th August 2025

IAC Audit and Consultancy Ltd 23 Westbury Road Yarnbrook Wiltshire BA14 6AG

5