## **Trustees’ Annual Report for the period** **From 1[st] April 2024 To 31[st] March 2025** ## **Charity name: KING GEORGE’S FIELD HITCHIN** ## **Charity registration number: 1087603** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|A recreation and playing field, to be preserved
in perpetuity as a memorial to King George V,
under the provision of King George’s Fields
Foundation.
Playing field with sports pitches, play area,
skate park, multi-use games area and scout
hut. Providing amateur sport and recreation
activities for the general public through the
provision of buildings, amenities and open
space.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The Sub-Committee Members acting on behalf
of the Trust ensure that through the
management of the land, buildings and other
assets its objectives are met in the use of the
Trusts areas for the provision of as much
community benefit as may be possible.
This is achieved by making available the field to
members of the public, regardless of gender,
sexual orientation, race, age, religious belief or
disabilityfor a range ofpurposes.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The charity’s purposes are in accordance with
the tests set out in the Public Benefit rules. The
trustees are aware of the Public Benefit tests,
and would apply them to any relevant
decisions. There have been no decisions
requiring Trustee consideration during the
year.| Page 29 ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The site owned by this charity had been
maintained open and accessible for public use
during the course of this year. Work had
continued to facilitate the activities of the
Hitchin Rugby Club and other partners on the
site. Maintenance work undertaken on site had
included grass cutting, maintenance of the
playground, litter collection, weed control and
renovation of the sports pitches post season.
There had not been any changes to the lease
arrangements on site. The pavilion building has
had replacement soffits and facias.| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Resources expended of £35k, of which £5k
relates to asset impairments and depreciation.
This is funded from unrestricted funds
provided by North Hertfordshire District
Council. The Council also funded the capital
works of replacement soffits and facias.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Trust’s reserves total £100k at 31 March
2025. The reserves consist totally of restricted
funds. These funds represent the land and
equipment assets of the trust.
The Trust has no unrestricted funds as at 31
March 2025 that can be expendable at the
discretion of trustees in furtherance of the
charity’s objectives. The Trust’s general
expenditure is typically greater than general
income. As a result North Hertfordshire District
Council provides a contribution to the Trust
and unrestricted funds are maintained at a
zero balance over time. If the financial
situation was to change and the Trust’s level of
income significantly increased the Trust would
need to adopt a policy on an appropriate level
of reserves| |Amount of reserves held|Para 1.22|£99,904 at 31stMarch 2025, all restricted funds
relatingto the value of assets held.| |Reasons for holding zero
reserves|Para 1.22|The Trust’s general expenditure is typically
greater than general income. As a result North
Hertfordshire District Council provides a
contribution to the Trust and unrestricted| Page 30 |||funds are maintained at a zero balance over
time.| |---|---|---| |Details of fund materially in
deficit|Para 1.24|N/a| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|None, continuing financial support from North
Hertfordshire District Council covers any
shortfalls.| Page 31 ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|DEED OF EXCHANGE DATED 12TH OCTOBER
1938, DEED OF EXCHANGE DATED 6TH MARCH
1952, DEED OF RELEASE AND DEDICATION
DATED 3RD FEBRUARY 1953| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Trust| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|THE COUNCIL AS A CORPORATE BODY IS THE
TRUSTEE, COUNCILLORS SIT AS TRUSTEES AND
ARE ELECTED BY THE ELECTORS OF NORTH
HERTFORDSHIRE| ## **Reference and Administrative details** |Charity name|KING GEORGE’S FIELD HITCHIN| |---|---| |Other name the charityuses|| |Registered charitynumber|1087603| |Charity’s principal address|North Hertfordshire District Council,
District Council Offices
Gernon Road
Letchworth Garden City
SG6 1JF| ||| Page 32 ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||North Hertfordshire
District Council|Corporate Body
(represented by Sub
Committee consisting
of the trustees named
below)||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved Councillor Amy Allen Councillor Mick Debenhem Councillor Ian Albert Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** Page 33 **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|THE COUNCIL HOLDS THE LAND ON BEHALF OF FIELDS IN TRUST
(REGISTERED CHARITY 306070). THE TRUST ENSURES THROUGH
THE MANAGEMENT OF THE LAND THAT IT IS MAINTAINED FOR
PUBLIC BENEFIT.| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets|THE COUNCIL’S ASSET REGISTER DETAILS THAT THE LAND IS
HELD IN TRUST.| Page 34 ## **King George V Charitable Trust** ## **STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31st March 2025** |**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.**
Fixed asset additions
**NET MOVEMENT IN FUNDS**
**Total Funds B/Fwd**
**FUNDS CARRIED FORWARD:-**|**Unrestricted**
**funds**
**£**
29,844
-
29,844
29,844
29,844
-
-
-
**-**|**Restricted**
**funds**
**£**
-
-
-
5,321
5,321
-5,321
19,755
14,434
85,470
**99,904**|**Endowment**
**funds**
**£**
-
-
-
-
-
-
-
-
**-**|**Total Funds**
**2025**
29,844
-
29,844
35,164
35,164
-5,321
19,755
14,434
85,470
**99,904**|**Total Funds**
**2024**
28,957
100| |---|---|---|---|---|---| ||||||29,057
33,901| ||||||33,901| ||||||-4,844
-
-4,844
90,314
**85,470**| ## **King George V Charitable Trust** ## **Balance Sheet as at 31st March 2025** |**Notes**
**Fixed Assets**
2
Land &
Buildings
Equipment
**Current Assets**
Debtors
**Current Liabilities**
Creditors
**Assets less Current Liabilities**
**Reserves**
3
Restricted Funds
Unrestricted Funds
**Total Funds:-**|**2025**
**£**
75,625
24,278
**99,904**
-
-
99,904
99,904
-
99,904|**2024**
**£**
57,733
27,737| |---|---|---| |||**85,470**
-
0
85,470| |||85,470
-
85,470| ## **King George V Charitable Trust** |**1 RESOURCES EXPENDED**
Repairs and Maintenance
Utilities
Management Fees
Depreciation
**2 TANGIBLE FIXED ASSETS**
**_Land & Buildings_**
Carrying Value b/fwd at 1st April 2024
Additions/Replacement
Depreciation Charge for Year
Net Book Value at 31st March 2025|**2025**
**£**
24,892
152
4,800
5,321
35,164
**2025**
**£**
57,733
19,755
-1,862
75,625
**NOTES TO THE FINANCI**
**For the year ended 31**
**_Total_**|**2024**
**£**
24,257
0
4,800
4,844
33,901
Pavilion
Public
Convenience
Bungalow &
Garage
Playing
Fields (Land)
0
57,733
0
0
19,755
0
-1,862
0
0
**AL STATEMENTS**
**st March 2025**
**_Land & Buildings_**| |---|---|---| |||19,755
55,871
-
-| |**_Equipment_**
Carrying Value b/fwd at 1st April 2024
Depreciation Charge for Year
Net Book Value at 31st March 2025|27,737
-3,458
24,278
**_Total_**|Wheeled
Sports Area
Play Area
6,846
20,891
-1,369
-2,089
**_Equipment_**| |---|---|---| |||5,477
18,802| |**3 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**
**£**
**£**
**£**
85,470
-
85,470| |---|---| ||0
-
0
0
0
19,755
19,755
-5,321
-
-5,321| ||14,434
-
14,434
99,904
-
99,904| ## **Independent Examiner’s Report for the King George V Playing Fields Trust** I report on the accounts of The King George V Playing Fields Trust for 2024/25. ## **Basis of independent examiner’s report** The Trusts transactions run through North Herts Councils bank accounts. My examination includes a review of the accounts prepared, considering any unusual items or disclosures in the accounts, and seeking explanations concerning any matters arising. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner’s statement** I have obtained all the information and explanations I consider necessary to complete the statement below. Further, I have not identified any significant concerns regarding these accounts which remain either unresolved or undeclared in the accounts themselves or this report. I certify that the accompanying final accounts (summary income and expenditure account and balance sheet) present a fair picture of the activities and transactions undertaken through this account and of the financial position at the end of the year. Examiner’s / Auditor’s signature _____________________________________________________________ Date: 16 December 2025 Name (please print): Chris Wood - FCCA CPFA – HCC Head of Assurance and CAE for North Herts Council