## **King George V Charitable Trust** ## **STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31st March 2024** |**Notes**
**INCOMING RESOURCES**
Contribution from North Herts District Council
Rents Income
**Total Incoming Resources:**
**RESOURCES EXPENDED**
1
Charitable Activities
**Total Resources Expended:**
**Net Incoming Resources for the year**
**before Transfers.**
Gains/(losses) on revaluation of fixed assets
**NET MOVEMENT IN FUNDS**
**Total Funds B/Fwd**
**FUNDS CARRIED FORWARD:-**|**£**
28,957
100
29,057
29,057
29,057
-
-
-
**-**
**Unrestricted**
**funds**|**£**
-
-
-
4,844
4,844
-4,844
-
-4,844
90,314
**85,470**
**Restricted**
**funds**|**£**
-
-
-
-
-
-
-
-
**-**
**Endowment**
**funds**|28,957
100
**Total Funds**
**2024**| |---|---|---|---|---| |||||29,057
33,901| |||||33,901| |||||-4,844
-
-4,844
90,314
**85,470**| ## **Total Funds 2023** 29,774 100 29,874 34,891 34,891 -5,017 - -5,017 95,331 **90,314** ## **King George V Charitable Trust** ## **Balance Sheet as at 31st March 2024** |**Notes**
**Fixed Assets**
2
Equipment
**Current Assets**
Debtors
**Current Liabilities**
Creditors
**Assets less Current Liabilities**
**Reserves**
3
Restricted Funds
Unrestricted Funds
**Total Funds:-**
Land &
Buildings|**2024**
**£**
57,733
27,737
**85,470**
-
-
85,470
85,470
-
85,470|**2023**
**£**
59,537
30,777| |---|---|---| |||**90,314**
-
0
90,314| |||90,314
-
90,314| ## **King George V Charitable Trust** **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st March 2024** |**1 RESOURCES EXPENDED**
Repairs and Maintenance
Management Fees
Depreciation
**2 TANGIBLE FIXED ASSETS**
**_Land & Buildings_**
Carrying Value b/fwd at 1st April 2023
Impairments
Depreciation Charge for Year
Net Book Value at 31st March 2024|**2024**
**£**
24,257
4,800
4,844
33,901
**2024**
**£**
**_Total_**
59,537
0
-1,804
57,733|**2023**
**£**
25,074
4,800
5,017
34,891
**_Land & Buildings_**
Pavilion
0
59,537
0
0
0
0
0
-1,804
0
Public
Convenience
Bungalow &
Garage| |---|---|---| |||-
57,733-| |**_Equipment_**
Carrying Value b/fwd at 1st April 2023
Additions/Replacement
Depreciation Charge for Year
Net Book Value at 31st March 2024|**_Total_**
30,777
-3,040
27,737|**_Equipment_**
Play Area
7,987
22,790
-1,141
-1,899
Wheeled Sports
Area| |---|---|---| |||6,846
20,891| |**FUNDS**
Balance at Start of the Year
Impairments
Revaluation
Additions
Depreciation of Fixed Assets
Net Movement in Funds
Reserves at the end of the Year.|**Restricted**
**General**
**Funds**
**Unrestricted**
**Total**
**£**
**£**
**£**
90,314 -
90,314| |---|---| ||0 -
0
0
0
0
0
-4,844-
-4,844| ||-4,844-
-4,844
85,470-
85,470| ## **3 FUNDS** Playing Fields (Land) 0 0 0 - ## **Cost Summation Point** Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Rents Income Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Management Fees Repairs and Maintenance Repairs and Maintenance Depreciation Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance Repairs and Maintenance ## **Cost Summation Point** B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance I5 Rents Income B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B5 Rent & Rates B1 Repairs & Maintenance B1 Repairs & Maintenance H Capital Financing B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance B1 Repairs & Maintenance |**Subjective Code Description**|GLCODE|SOURCE|PERIOD|JVREF| |---|---|---|---|---| |Grounds Maintenance|14314552015|PL|232402|0070029209| |Grounds Maintenance|14314552015|PL|232403|0070029866| |Grounds Maintenance|14314552015|PL|232403|0070029785| |Grounds Maintenance|14314552015|PL|232404|0070030339| |Grounds Maintenance|14314552015|PL|232405|0070030749| |Grounds Maintenance|14314552015|PL|232406|0070031220| |Grounds Maintenance|14314552015|PL|232407|0070031602| |Land|14314559510|SL|232407|0002099606| |Grounds Maintenance|14314552015|PL|232408|0070032013| |Grounds Maintenance|14314552015|PL|232410|0070032481| |Grounds Maintenance|14314552015|PL|232410|0070032815| |Premises Leasing Costs|14314552340|PL|232410|0070032950| |Grounds Maintenance|14314552015|PL|232411|0070033308| |Fences and Hedges|14314552016|PL|232412|0070033721| |Depreciation|14314558254|00|232412|0000035283| |Grounds Maintenance|14314552015|PL|232412|0070033601| |Fences and Hedges|14310022016|PL|232401|0070028954| |Fences and Hedges|14310022016|PL|232401|0070028954| |Fences and Hedges|14310002016|PL|232402|0070029470| |General maintenance|14310002010|00|232403|0000034407| |Fences and Hedges|14310022016|PL|232404|0070030288| |Fences and Hedges|14310002016|PL|232404|0070030288| |Fences and Hedges|14310022016|PL|232404|0070030288| |Fences and Hedges|14310022016|PL|232405|0070030809| |Playground Equipment|14310002025|PL|232405|0070030809| |Fences and Hedges|14310022016|PL|232406|0070031248| |Fences and Hedges|14310002016|PL|232406|0070031248| |Fences and Hedges|14310022016|PL|232408|0070031671| |Fences and Hedges|14310002016|PL|232411|0070033307| |Fences and Hedges|14310022016|PL|232411|0070033307| |Fences and Hedges|14310022016|PL|232412|0070033876| |Fences and Hedges|14310022016|PL|232412|0070033878| |Fences and Hedges|14314552016|PL|232412|0070033721| |GL VALUE|JVTYPE|DESCR|TRX_REF_0| |---|---|---|---| |1,647.10|AP01|Annual Order as per contact 2023 - 24|002424377| |1,647.10|AP01|Annual Order as per contact 2023 - 24|002424377| |1,647.10|AP01|Annual Order as per contact 2023 - 24|002424377| |1,647.10|AP01|Annual Order as per contact 2023 - 24|002424377| |1,647.10|AP01|Annual Order as per contact 2023 - 24|002424377| |1,647.10|AP01|Annual Order as per contact 2023 - 24|002424377| |1,647.10|AP01|Annual Order as per contact 2023 - 24|002424377| |-100.00|SL11|GROUND RENT|000001| |1,647.10|AP01|Annual Order as per contact 2023 - 24|002424377| |1,647.10|AP01|Annual Order as per contact 2023 - 24|002424377| |1,647.10|AP01|Annual Order as per contact 2023 - 24|002424377| |4,800.00|AP01|Management Payment as per lease dated|002426344| |1,647.10|AP01|Annual Order as per contact 2023 - 24|002424377| |380.67|AP01|Asked to clear and tidy up KGV lock up|002426460| |4,844.37|OLD1|Capital Depreciation|D Fury| |1,647.15|AP01|Annual Order as per contact 2023 - 24|002424377| |47.22|AP01|KGV - Removal and disposal of old post|002424118| |36.82|AP01|KGV - Removal of fallen tree across|002424128| |641.55|AP01|KGV, Hitchin - Marking of Rugby League|002424495| |30.00|JNL1|70029748 Fire Safety Servicing KGV|AMILLER| |35.28|AP01|Clear up smashed glass from KGV|002424967| |846.34|AP01|KGV - Hitchin Rugby Club Grid Markings|002424973| |78.06|AP01|Remove grafti from KGV skate park.|002424894| |53.79|AP01|KGV - Clear lots of glass and|002425280| |938.80|AP01|KGV - Replace Springer Unit|002425255| |35.28|AP01|Cleaning up broken glass from the KGV|002425442| |30.55|AP01|KGV, Hitchin Initial Pitch Mark Mark|002425347| |17.64|AP01|Clear large amount of glass at KGV|002425633| |450.78|AP01|Disposal of paint from KGV Store.|002426322| |337.80|AP01|KGV - Clear fallen tree|002426360| |94.14|AP01|King George’s V - repairs to fencing|002426042| |55.86|AP01|King George’s V - repairs to fencing|002426042| |380.67|AP01|Asked to clear and tidy up KGV lock up|002426460| |COMPANY_ID|TRX_REF_2| |---|---| |000001|96737| |000001|98573| |000001|97559| |000001|99645| |000001|100639| |000001|101698| |000001|102389| |000001|0000023314| |000001|103410| |000001|104555| |000001|105202| |000001|H2329| |000001|106009| |000001|107023| |000001|SMOHAMMED| |000001|106786| |000001|96634| |000001|96634| |000001|97725| |000001|DFURY| |000001|99548| |000001|99548| |000001|99548| |000001|100758| |000001|100758| |000001|101695| |000001|101695| |000001|102753| |000001|106008| |000001|106008| |000001|08992| |000001|08991| |000001|107023| |||4456 GVAS|| |---|---|---|---| |**Churchgate (Hammersmatch)**|Asset Class|Asset Number|Ledger Code| |OLD HALE WAY (King George V) Pavilion|Operational|3906|1431-000| |OLD HALE WAY (King George V) Public Convenience|Operational|4012|1431-000| |OLD HALE WAY (King George V) Bungalow & Garage|Operational|4911|1431-000| |OLD HALE WAY (King George V) Playing Fields - LAND ONLY|Operational|4913|1431-000| |King Georges MUGA|AuC||| |King Georges MUGA|Equipment||1431-000| |King George V play|Equipment||1431-000| |King George V Skate Park|Equipment||1431-000| |King George V Play Area|Equipment||1431-000| |King George V Wheeled Sports|Equipment||| |Renovate King George V Play|Equipment||| ||||EXPENDITURE| |---|---|---|---| ||Prior Year|Reclassification|FROM 5| |OPENING BAL|Adjustments|of assets|CODES| |0.00|||| |59,537.02|||| |0.00|||| |0.00|||| |0.00|||| |0.00|||| |0.00|||| |0.00|||| |0.00|||| |7,987.41|||| |22,789.91|||| TRANSFER TO TRANSFER TO ANOTHER ANOTHER FUND (re FUND (re WRITE OFF TO DISPOSALS 01/02) 02/03) REVENUE WRITE OFF ||||IMPAIRMENT|||| |---|---|---|---|---|---|---| ||IMPAIRMENT|IMPAIRMENT|(SPLIT|||| ||CHARGED TO|CHARGED TO|BETWEEN|||| ||REVENUE|REVALUATION|
0775 AND|Write off Cumm|
DEPRECIATIO|| ||ACCOUNT|RESERVE|0782)|Depreciation|N|REVALUATION| ||0.00|0.00|0.00|0.00|0.00|0.00| ||0.00|0.00|0.00|0.00|-1,804.15|0.00| ||0.00|0.00|0.00|0.00|0.00|0.00| ||0.00|0.00|0.00|0.00|0.00|0.00| ||||0.00|0.00|0.00|0.00| ||||0.00|0.00|0.00|0.00| ||||0.00|0.00|0.00|0.00| ||||0.00|0.00|0.00|0.00| ||||0.00|0.00|-1,141.06|0.00| ||||0.00|0.00|-1,899.16|0.00| |||||TOTAL||| |---|---|---|---|---|---|---| |||TOTAL|TOTAL|CUMULATIVE||| ||TOTAL|CUMULATIVE|CUMULATIVE|REVALUATION||| |YEAR END|CUMULATIVE|REVALUATION|
REVALUATION|
DEPRECIATIO||| |CARRYING|REVALUATION|31st March|DEPRECIATIO|N 31st March|DEPRECIATIO|DEPRECIATIO| |VALUE|1st April 2023|2024|N 1st April 2023|2023|N|N| |0|0.00|0.00|0.00|0.00|0.00|0| |57,733|63,200.00|63,200.00|63,200.00|65,200.00|71,000.00|71,000| |0|0.00|0.00|0.00|0.00|0.00|0| |0|0.00|0.00|0.00|0.00|0.00|0| |0|0.00|0.00|0.00|0.00|0.00|0| |0|0.00|0.00|0.00|0.00|0.00|0.00| |0|15,841.50|15,841.50|15,841.50|15,841.50|15,841.50|15,841.50| |0|44,512.70|44,512.70|44,512.70|44,512.70|44,512.70|44,512.70| |0|0.00|0.00|0.00|0.00|0.00|0.00| |6,846|0.00|0.00|0.00|0.00|0.00|0.00| |20,891|0.00|0.00|0.00|0.00|0.00|| |DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO| |---|---|---|---|---|---|---|---| |N|N|N|N|N|N|N|N| |0|0|0|331,000|331,000|331,000|331,000.00|730,600| |71,000|56,000|56,000|56,000|56,000|56,000|0.00|| |0|0|0|171,000|171,000|171,000|0.00|| |0|117,000|117,000|117,000|117,000|117,000|0.00|| |0|0|0|0|0|0|0.00|0| |0|0|0|0|0|0|0.00|0| |15,842|15,842|15,842|15,842|15,842|15,842|15,841.50|15,842| |44,513|44,513|44,513|44,513|44,513|44,513|44,512.70|44,513| |0|0|0|0|0|0|0.00|0| |0|0|0|||||| |DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO| |---|---|---|---|---|---|---|---| |N|N|N|N|N|N|N|N| |565,742|-|-||660,347.70|164,858||| ||2021-22|2021-22|||||| ||-|-|||||| ||-|-|||||| |8,894|-||||||| |0|-|||-126,448.42|||| |15,842|-|||0.45|||| |44,513|-||||||| |59,370|-|||-88,615.58|||| ||-||||||| ||-||||||| |DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO|DEPRECIATIO| |---|---|---|---|---|---|---|---|---| |N|N|N|N|N|N|N|N|| |||512000|||||512,000|| ||||56,000|||||| ||||171,000|||||| ||||117,000|||||| |||||||||0| |||||||||0| |||||||||0| |||||||||0| |Current Year|Current Year|Current Year||||||| |---|---|---|---|---|---|---|---|---| |Total|Revaluation|Historic||||||| |Depreciation|Depreciation|Depreciation||Valuation|Valuation|Valuation|Valuation|Valuation| |0|-218,600||0|#REF!|#REF!|#REF!|#REF!|#REF!| |0|||0|0|0|CORRECT|0.00|0.00| |15,842|||0|#REF!|#REF!|#REF!|0.00|#REF!| |44,513|||0|#REF!|#REF!|#REF!|0.00|#REF!| |0|||0|#REF!|#REF!|#REF!|0.00|#REF!| |Valuation|Valuation|Valuation|Valuation|Valuation|Valuation|Valuation|Valuation| |---|---|---|---|---|---|---|---| ||0.00|0.00|0.00|0.00|0.00|#REF!|0.00| ||0.00|0.00|0.00|0.00|0.00|0.00|0.00| ||0.00|0.00|0.00|0.00|0.00|0.00|0.00| ||0.00|0.00|0.00|0.00|0.00|#REF!|0.00| ||0.00|0.00|0.00|0.00|0.00|#REF!|0.00| ||0.00|0.00|0.00|0.00|0.00|#REF!|0.00| |||||||Asset Register|Additional|Asset Register| |---|---|---|---|---|---|---|---|---| |||||||Value (see|Values Plant &|sheet ( WP A1| |||||||Fixed Assets|Equipment|Asset Register| |Valuation|Valuation|New Purchase|Comments|||WP6)|Purchases|& Revaluations)| |#REF!|#REF!|0.00||0.00||||| |0.00|0|0.00||0.00||||| |0.00|0|0.00||0.00|NEW|||| |#REF!|#REF!|0.00||0.00||||| |#REF!|#REF!|0.00||0.00||||| |#REF!|#REF!|0.00||0.00||||| Valuers Impairment Cumm comments on (Downward Cumm (True) Cumulative Cumulative Depreciation & Years Life check total Revaluarion) Impairment Depreciation Depreciation Impairment Depreciated Comments Sold/disposed Assets Depreciation post 2004/05 Most Recent Valuation Increased Valuations Increased in Gross to Net Ch @1/4/2006 Year valuations Revaluation Dates query