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2025-09-30-accounts

Charity registration number 1091114 Company registration number (England and Wales) 04279448

EAST GRINSTEAD SPORTS CLUB LIMITED

(LIMITED BY GUARANTEE)

ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

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EAST GRINSTEAD SPORTS CLUB LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A Smith (Chairman) (Appointed 16 July 2025)
N Fish (Treasurer)
G Needle
R Thornley - Gibson
G Christopherson
L Farren
J Coleman
D Tomsett
R Leman
S Bowen (Appointed 16 July 2025)
Charity number 1091114
Company number 04279448
Registered office Saint Hill Road
East Grinstead
West Sussex
RH19 4JU
Auditor Affinia (Crawley)
Chartered Accountants
1 - 7 Station Road
Crawley
West Sussex
RH10 1HT

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EAST GRINSTEAD SPORTS CLUB LIMITED

CONTENTS

Page
Trustees' report 4 - 7
Statement of Trustees' Responsibilities 8
Independent Auditor's Report 9 - 12
Consolidated Statement of Financial Activities 13
Charity Statement of Financial Activities 14 - 15
Consolidated Balance Sheet 16
Charity Balance Sheet 17
Notes to the Financial Statements 18 - 26

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EAST GRINSTEAD SPORTS CLUB LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 30 September 2025

The Trustees present their annual report and financial statements for the year ended 30 September 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charitable Company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

The objects of the charity are to promote the benefit of the inhabitants of East Grinstead and the surrounding area without distinction of sex, sexual orientation, race or of political, religious or other opinions, to advance education and to provide and assist in the provision of recreation and leisure-time occupation with the object of improving the conditions of life of the said inhabitants.

The Trustees pay due regard to guidance issued by the Charity Commission, including guidance on public benefit, in deciding what activities the Charitable Company should undertake.

The Charity owns and operates the East Grinstead Sports Club as a multi-use sporting facility open to the public. No membership is required and the site is open to any member of the public to use. A number of sports are catered for including cricket, netball, squash, hockey, badminton, football, table tennis, tennis, pickleball, and now padel. The site has a large indoor sports hall used for a number of other sports including walking sports (football, netball), indoor hockey, netball, cricket, lacrosse, boccia, futsal and basketball and a fully functional and modern gym with 30 weekly classes.

Anyone interested in any sport, from beginners to experts, from juniors to seniors is welcome at the club, as are any new sports clubs or organisations wishing to base themselves at the Saint Hill site. The site is open to the public and welcomes any individual of any level who wishes to participate in sporting activity.

Current Activities

The Charity operates from its only site in Saint Hill Road, East Grinstead and is proud to support the provision of high quality sporting facilities with top quality pitches for padel, elite hockey, cricket, football and netball as well as squash courts, gym and a sports hall.

History of significant events

In 1989 East Grinstead Cricket Club and East Grinstead Hockey Club merged to create East Grinstead Sports Club. Both clubs had a long tradition of playing sport in the town but could see the benefits of joining forces for mutual advantage.

As part of the merger the cricket ground at West Street was sold, and the cricket club moved to the current site at Saint Hill, which the Hockey Club had purchased in 1959. The proceeds of the cricket ground sale were invested in building a new pavilion and sports hall at Saint Hill, laying an artificial hockey pitch, and creating a new cricket square. East Grinstead Ladies Hockey Club played its hockey at the old cricket ground and decided to move to Saint Hill at the same time and become another founder member club of the Sports Club.

The Sports Club expanded further in 1997 through the joining of the Felbridge Badminton Club. Key developments and milestones in the subsequent years include:

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EAST GRINSTEAD SPORTS CLUB LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 30 September 2025

In addition, as at 30 September 2025 there were six sports clubs chose to affiliate to the charity and base their clubs at the Saint Hill site – EG Hockey Club, EG Cricket Club, Felbridge Badminton Club, CD Phoenix Netball Club, Dunnings Squash & Racketball Club, and East Grinstead Meads Football Club. The charity also works closely with a number of other clubs and organisations that use the facilities and welcomes any new sports to the site.

Achievements and performance

Whilst the Charity owns the site, day to day operations are leased to a local operator Acorns Leisure and Gym Limited (“Acorns”)

Leasing the facility in this way enables the Trustees to focus on the Charity’s strategic objectives through identifying and working towards future developments to maintain and enhance the facilities and providing sporting/well-being opportunities to the local community.

Developments in the year

At the AGM in July 2025, Gary Needle stepped down as Chair after eight years of service. The Board wishes to place on record its appreciation and thanks for his contribution to the club and is delighted that he is remaining on the Board as trustee. We are delighted to welcome a new Chair of the Charity, Adam Smith.

Over the recent years, with assistance of the site operator the Charity has significantly expanded the range of sporting provision on site, most notably now including padel. Padel is the UK’s fastest growing sport and caters to all ages and skill levels, making it the perfect addition to our facilities. During the year, with kind support of the Lawn Tennis Association, Mid Sussex District Council, East Grinstead Town Council and a number of private individuals and organisations the charity constructed four state-of-the-art covered and floodlit padel courts. The addition of these courts is part of a broader effort by the club to continue improving its facilities and fostering a more diverse and inclusive sporting environment for all members of the community. As padel’s popularity grows in the UK, East Grinstead Sports Club is positioning itself at the forefront of this exciting movement. Take up of court usage has been exceptional and there is now an active and enthusiastic following of this new sport.

Financial review

The Charity has net incoming resources of £68,285 (net incoming resources in 2024: £33,416), as shown in the Group Statement of Financial Activities on page 13, and accompanying notes to these financial statements. Included within the incoming resources are donations of £110,900 (2024: £45,002), and included within the resources expended are depreciation charges totalling £28,556 (2024: £5,056).

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EAST GRINSTEAD SPORTS CLUB LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 30 September 2025

The Charity’s only sources of funding are donations and grants from third parties, rents received from the operator to which the facilities are leased and any funds generated from the new padel courts. Donations and grants that are given for specific purposes are used entirely for those purposes. The Charity minimises as best it can the costs associated with its operations (noting that all Trustees provide their time on a voluntary basis), and as a result a minimum of 85%-90% of all unallocated income (essentially rental income above that received for specific costs such as insurance) is used for charitable activities in accordance with the Charity’s objects. As all grants and donations are fully utilised in this way, well over 90% of all income received is used directly to support the work of the Charity.

The Charity continues to work with all sports clubs and users to raise funds to offset the depreciation charges (and hence eventually replace/replenish existing facilities). The Charity has a policy to build up sinking funds where resources permit, for the replacement and development of all the facilities on site. Affiliated Clubs are also encouraged to assist where possible. In addition, various restricted funds may be held for specific purposes and allocated to individual clubs (e.g. by the terms of a donation) which are held in the Charity’s restricted funds. Over the year these sinking funds decreased by £9,833 (decreased in 2024 by £3,362).

In addition to where the clubs raise funds for the restricted pots, the charity is also building up a general projects fund. During the year, £114,566 was released from the fund to contribute to the financing of the new padel courts. The charity has also established new funds to ensure that funds are available to renew the padel courts at end of life and to ensure funds are available to repay the related private loans.

Reserves policy

It is the policy of the board to have a prudent and balanced view on unrestricted reserves. Free reserves are intended to reflect a minimum level of approximately between three and six months’ uncommitted expenditure over and above the value of the land, buildings and pitches.

The Future

It was a key achievement to complete the funding and construction of the four new padel courts and to successfully launch padel as a new sport on the site. Now that this is in place the trustees are mindful that with a site that is complex and diverse it is imperative that the facilities are maintained to a high standard and that the site is operated efficiently and to the satisfaction of all the members and sporting users. The Board has governance in place to assess and prioritise key projects and developments and to develop funding plans to achieve those aims. The immediate focus in 2026 is to replace the playing surfaces for the 3G football pitch and the water-based hockey pitch. Once complete in the summer of 2026, both these playing surfaces will be completely renewed to the highest standards.

Renewal of existing facilities requires significant amounts of capital which will need to be raised from a broad range of sources, including the charity, affiliated clubs, users, the operator, as well as external grant funding and the Charity is always open to new sources of revenue to help keep the site to high standards.

Structure, governance and management

East Grinstead Sports Club Limited is a company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association.

The Directors of the charitable company ("the charity") are Trustees for the purpose of charity law and Directors for the purpose of company law. Collectively they are referred to as Directors.

The Directors who served during the year were: A Smith (Chairman) (Appointed 16 July 2025) N Fish (Treasurer) G Needle R Leman R Thornley - Gibson G Christopherson L Farren J Coleman D Tomsett S Bowen (Appointed 16 July 2025)

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EAST GRINSTEAD SPORTS CLUB LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 30 September 2025

None of the Directors has any beneficial interest in the company. Every member of the Company has a liability to contribute up to £1 to the assets of the Company in the event of it being wound up whilst they are a member or within one year after ceasing to be a member.

The Board shall consist of not less than six members and there is no maximum.

Under the terms of the Company’s Articles of Association one third of the Board members are required to retire each year, although all are eligible for re-election. At the Annual General Meeting on 16 July 2025, Nigel Fish, George Christopherson and Jason Coleman stood down as Directors under rotation but agreed to stand for re-appointment. Both were reappointed unanimously by the members present at the AGM. In addition, two new Director trustees were appointed, Adam Smith and Spencer Bowen.

Those entitled to vote at the AGM are either a current Trustee of the Charity or an adult member of one of the following sports club as long as the club holds a current affiliate status of the Charity: East Grinstead Hockey Club, East Grinstead Cricket Club, Dunnings Squash and Racketball Club, CD Phoenix Netball Club, Felbridge Badminton Club, and East Grinstead Meads Football Club.

As part of this process a governance review will be undertaken to make sure the Charity continues to be operated efficiently and in line with modern standards.

The Directors have identified and considered the overall risks to the Charity. These risks are regularly reassessed with regard to their impact and their likelihood of occurring within the organisation. Systems to control and mitigate these risks are in place.

Small company exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.

The Trustees' report was approved by the Board of Trustees.

..............................

N Fish (Treasurer) Trustee 7 July 2026 Dated: .........................

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EAST GRINSTEAD SPORTS CLUB LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025

The trustees, who are also the directors of East Grinstead Sports Club Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Approved by order of the board of trustees on 18th December 2023 and signed on its behalf by:

. . . . . . . . . . . . . . . . . . .

N Fish (Treasurer)

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EAST GRINSTEAD SPORTS CLUB LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EAST GRINSTEAD SPORTS CLUB LTD

Opinion

We have audited the financial statements of East Grinstead Sports Club Ltd ('the charitable company') and its subsidiary ('the group') for the year ended 30 September 2025 which comprise the Group Statement of Financial Activities, the Group Balance Sheet, the Charity Balance Sheet, the Group Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

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EAST GRINSTEAD SPORTS CLUB LIMITED

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF EAST GRINSTEAD SPORTS CLUB LTD

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing as applicable, matters related to going concern & using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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EAST GRINSTEAD SPORTS CLUB LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EAST GRINSTEAD SPORTS CLUB LTD

Auditors responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatements due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity’s operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud, the audit engagement team made enquiries of management, and those charged with governance, regarding the procedures relating to identifying, evaluating and complying with:

  1. laws and regulations and whether they were aware of any instances of non-compliance;

  2. detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

  3. the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

We obtained an understanding of the legal and regulatory framework that the Charity operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the Charity. The key laws and regulations we considered in this context included the UK Charities Act, data protection regulations, taxation and employment legislation. The engagement partner has reviewed the team selected to undertake the engagement and ensure that they have sufficient competence and are capable of identifying and recognising non-compliance with laws and regulations. No non-compliance was identified.

Discussion was held among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas:

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EAST GRINSTEAD SPORTS CLUB LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EAST GRINSTEAD SPORTS CLUB LTD

Management override of the controls in place

The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments and evaluating the business rationale in relation to any significant, unusual transactions and transactions entered into outside of the normal course of business.

Revenue recognition

Audit procedures performed included, but were not limited to, performing walk through tests to identify the control procedures in place and once an understanding of the income recognition process was obtained, substantive procedures were also performed.

Related Party relationships and transactions

Valuation of freehold and investment property was identified as a significant risk. Audit work performed included reviewing the valuations provided, confirming they were reasonable and in line with expectations based on current industry information, as well as confirming the surveyor was suitably qualified to perform the valuations. Other testing included an impairment review performed by the audit engagement team, and physical inspection of the properties.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditors responsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Darren Harding ACA, FCCA, DChA (Senior Statutory Auditor)

for and on behalf of Affinia (Crawley) Chartered Accountants Statutory Auditors

Date: 30/07/2026 Ground Floor 1 - 7 Station Road, Crawley West Sussex, RH10 1HT

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EAST GRINSTEAD SPORTS CLUB LIMITED

GROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025

----- Start of picture text -----
Unrestricted Designated Restricted Total funds Total funds
funds funds funds 2025 2024
Notes £ £ £ £ £
Income from:
Donations and legacies 3 15,000 - 95,900 110,900 45,002
Provision of leisure facilities 4 10,536 - 27,492 38,028 19,277
Trading activities - Padel 201,234 - - 201,234 -
Other trading activities 5 24,323 - - 24,323 19,690
Investments 6 30,589 - 1,968 32,557 33,766
Total income and endowments 281,682 - 125,360 407,043 117,735
Expenditure on:
Cost of sales - Padel 23,994 - - 23,994 -
Charitable activities 7 68,949 23,120 130,123 222,192 99,319
Administrative expenses 110,063 - - 110,063 -
-
Total expenditure 203,006 23,120 130,123 356,249 99,319
Interest receivable 492 - - 492 -
Extraordinary item 17,000 - - 17,000 15,000
Net income/(expenditure) 96,168 (23,120) (4,763) 68,285 33,416
Transfers between funds 18,19 & 20 (106,503) 111,573 (5,070) - -
Net movement in funds (10,336) 88,453 (9,833) 68,285 33,416
Total funds brought forward 18,19 & 20 29,924 2,540,998 87,927 2,658,849 2,625,433
Total funds carried forward 19,588 2,629,451 78,094 2,727,133 2,658,849
----- End of picture text -----

All income and gains for the year are recognised above. All of the group's activities other than those identified above are classed as continuing.

The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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EAST GRINSTEAD SPORTS CLUB LIMITED

STANDALONE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025

----- Start of picture text -----
Unrestricted Designated Restricted Total funds
funds funds funds 2025
Notes £ £ £ £
Income from:
Donations and legacies 3 15,000 - 95,900 110,900
Provision of leisure facilities 4 10,536 - 27,492 38,028
Other trading activities 5 91,991 - - 91,991
Investments 6 30,589 - 1,968 32,557
Total income and endowments 148,116 - 125,360 273,476
Expenditure on:
Charitable activities 7 68,949 23,120 130,123 222,192
Total expenditure 68,949 23,120 130,123 222,192
Transfer between funds (106,503) 111,573 (5,070) -
Net income/(expenditure) (27,336) 88,453 (9,833) 51,284
Extraordinary item 17,000 - 17,000
Net movement in funds (10,336) 88,453 (9,833) 68,284
Total funds brought forward 18,19 & 20 29,924 2,540,998 87,927 2,658,849
Total funds carried forward 19,588 2,629,451 78,094 2,727,133
----- End of picture text -----

All income and gains for the year are recognised above. All of the group's activities other than those identified above are classed as continuing.

The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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EAST GRINSTEAD SPORTS CLUB LIMITED

STANDALONE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024

----- Start of picture text -----
Unrestricted Designated Restricted Total funds
funds funds funds 2024
Notes £ £ £ £
Income from:
Donations and legacies 3 4,002 - 41,000 45,002
Provision of leisure facilities 4 18,077 - 1,200 19,277
Other trading activities 5 19,690 - - 19,690
Investments 6 31,129 - 2,637 33,766
Total income and endowments 72,898 - 44,837 117,735
Expenditure on:
Charitable activities 7 46,064 5,056 48,199 99,319
Total expenditure 46,064 5,056 48,199 99,319
Gross transfer between funds (40,000) 40,000 - -
Net income/(expenditure) (13,166) 34,944 (3,362) 18,416
Extraordinary item 15,000 - - 15,000
Net movement in funds 1,834 34,944 (3,362) 33,416
Total funds brought forward 18,19 & 20 28,090 2,506,054 91,289 2,625,433
Total funds carried forward 29,924 2,540,998 87,927 2,658,849
----- End of picture text -----

All income and gains for the year are recognised above. All of the group's activities other than those identified above are classed as continuing.

The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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EAST GRINSTEAD SPORTS CLUB LIMITED

GROUP BALANCE SHEET

FOR THE YEAR ENDED 30 SEPTEMBER 2025

----- Start of picture text -----
2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 12 3,151,104 2,388,906
3,151,104 2,388,906
Current assets
Debtors 14 77,503 47,778
Cash at bank and in hand 422,618 310,839
500,121 358,617
Creditors due within one year 16 (383,406) (88,674)
Net current assets 116,715 269,943
Total assets 3,267,819 2,658,849
Creditors due after one year 17 (540,686) -
Net assets 2,727,133 2,658,849
The funds of the charity
Restricted income funds 19 78,094 87,927
Designated funds 18 2,629,451 2,540,998
Unrestricted funds 20 19,588 29,924
2,727,133 2,658,849
----- End of picture text -----

The group is entitled to the exemption from the audit requirement as per section 477 of the Companies Act 2006 for the year ended 30 September 2025, although an audit has been carried out under section 144 of the Charities Act 2011.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provision applicable to charitable companies subject to small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on their behalf by:

. . . . . . . . . . . . . . . . . . . . . . N Fish (Treasurer)

Date: 07 / 07 / 2026

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EAST GRINSTEAD SPORTS CLUB LIMITED

STANDALONE CHARITY BALANCE SHEET

FOR THE YEAR ENDED 30 SEPTEMBER 2025

----- Start of picture text -----
2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 12 3,107,612 2,388,906
Investments 13 100 -
3,107,712 2,388,906
Current assets
Debtors 14 158,039 47,778
Cash at bank and in hand 287,768 310,839
445,807 358,617
Creditors due within one year 16 (285,700) (88,674)
Net current assets 160,107 269,943
Total assets 3,267,819 2,658,849
Creditors due after one year 17 (540,686) -
Net assets 2,727,133 2,658,849
The funds of the charity
Restricted income funds 19 78,094 87,927
Designated funds 18 2,629,451 2,540,998
Unrestricted funds 20 19,588 29,924
2,727,133 2,658,849
----- End of picture text -----

The charitable company is entitled to the exemption from the audit requirement as per section 477 of the Companies Act 2006 for the year ended 30 September 2025, although an audit has been carried out under section 144 of the Charities Act 2011.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provision applicable to charitable companies subject to small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on their behalf by:

. . . . . . . . . . . . . . . . . . . . . .

N Fish (Treasurer)

Date: 07 / 07 / 2026

17

EAST GRINSTEAD SPORTS CLUB LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1 ACCOUNTING POLICIES

Charity information

East Grinstead Sports Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Saint Hill Road, East Grinstead, West Sussex, RH19 4JU.

The group consists of East Grinstead Sports Club Limited and its subsidiary.

The financial statements have been prepared in accordance with the Charitable Company's Memorandum and Articles, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The Charitable Company is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Basis of consolidation

The consolidated group financial statements consist of the financial statements of East Grinstead Sports Club Ltd together with the entity controlled by the Trust (its subsidiary). All financial statements are made up to 30 September 2025. Where necessary, adjustments are made to the financial statements of the subsidiary to bring the accounting policies in line with those used by the holding Trust.

All intra-group transactions, balances and unrealised gains on transactions between the group are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.3 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Trustees may choose during the reporting period to set aside a part of the unrestricted funds to be used for a particular future project or commitment. By earmarking funds in this way, the trustees set up a designated fund that remains part of the unrestricted funds of the charity. This does not legally restrict the trustees’ discretion in how to apply the unrestricted funds that they have earmarked.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

1.5 Income

All income is recognised in the Statement of Financial Activities when alI of the following criteria are met:

Other grants, donations and legacies are included in full in the Statement of Financial Activities when receivable.

Income from charitable activities and other income is included in the Statement of Financial Activities in the year to which it relates.

Income from investments is included in the Statement of Financial Activities in the year in which it is receivable.

18

EAST GRINSTEAD SPORTS CLUB LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries and their associated costs.

Support costs now include governance costs which are those costs associated with meeting the constitutional and statutory requirements of the charity and include independent examination fees and other professional fees.

Allocation and apportionment of support costs

The main activity of the charitable company is the provision of leisure activities to the local community, so all costs related to this are classified as direct costs and all other costs are allocated as support costs.

1.7 Tangible fixed assets and depreciation

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land is not depreciated

Freehold building & building works Straight line over 50 years Squash court components Straight line over 10-30 years

Pitches Straight line over 10 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

19

EAST GRINSTEAD SPORTS CLUB LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Going concern

The trustees are of the view that the charity has sufficient assets which can be realised in an orderly manner and that the future income from the farming subsidiary, the provision of courses and investments is sufficiently secure to mean that the charity will continue to operate for the next 12 to 18 months and that on this basis the assessment of the trustees is that the charity is a going concern.

Investment properties

The valuation of investment properties is based on an insurance valuation obtained when the Trust was first set up. The change in value, apart from additions at cost, is estimated by adjusting the value each year by the percentage change in the insurance valuations of properties for which an insurance valuation is available.

Residual value of fixed assets

Fixed assets including freehold properties and excluding land are depreciated over their useful lives to an estimated residual value. Residual value is the amount that would currently be obtained from the disposal of the asset after deducting estimated costs of disposal if the asset were already of the age and in the condition expected at the end of its useful life. Management have reviewed the residual value of all assets and adjusted the depreciation charged accordingly.

20

EAST GRINSTEAD SPORTS CLUB LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

3
INCOME FROM DONATIONS AND LEGACIES
Donations
4
PROVISION OF LEISURE FACILITIES
Grants
Affiliation fees
Analysis by fund:
Unrestricted funds - general
Restricted funds
5
INCOME FROM OTHER TRADING ACTIVITIES
Non-charitable trading activities
Letting and licensing arrangements
6
INCOME FROM INVESTMENTS
Rental income
Interest receivable
7
EXPENDITURE ON CHARITABLE ACTIVITIES
Direct costs
Depreciation and impairment
Repairs, maintenance and improvements
Insurance
Other
Hockey Camera Project
Share of support and governance costs (see note 9)
Support
Governance
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds
Unrestricted
funds
2025
£		 Restricted
Funds
2025
£

Total
Unrestricted
funds

2025
2024

£
£		 Restricted
Funds
2024
£		 Total
2024
£
15,000 95,900 110,900
4,002		 41,000 45,002
2025
£		 2024
£
27,492
10,536
38,028
10,536
27,492
38,028		 1,767
17,510
19,277
18,077
1,200
19,277
Unrestricted
funds
Total
2025
2025		 Unrestricted
funds
2024		 Total
2024
£
£		 £ £
2,500
2,500
21,823
21,823
24,323
24,323		 -
19,690
19,690		 -
19,690
19,690
Unrestricted
funds
2025
£		 Restricted
funds
2025
£

Total
Unrestricted
funds

2025
2024

£
£		 Restricted funds
2024
£		 Total
2024
£
25,000
5,589
30,589		 -
1,968
1,968		 25,000
25,000
7,557
6,129
32,557
31,129		 -
2,637
2,637		 25,000
8,766
33,766
Provision of
leisure
facilities
2025		 Provision of
leisure facilities
2024
£ £
23,120
27,885
18,637
4,702
16,983
103,408
194,734
411
27,046
222,191
68,949
23,120
130,123
222,192		 5,056
2,927
16,158
4,441
48,199
-
76,781
-
22,538
99,319
46,064
5,056
48,199
99,319

21

EAST GRINSTEAD SPORTS CLUB LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

8 SUPPORT COSTS

Business entertaining
Governance costs
Analysed between:
Provision of leisure facilites
Governance costs comprise:
Audit Fees
Accountancy
Legal and professional
Consultancy fees
NET MOVEMENT IN FUNDS
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets		 2025
£		 2024
£
411
27,046
27,457
27,457
27,457		 -
22,538
22,538
22,538
22,538
2025
£		 2024
£
7,000
2,270
10,324
7,452
27,046		 -
2,150
20,388
-
22,538
2025
£		 2024
£
28,556 5,056

10 TRUSTEES

Trustees' Remuneration and Benefits

There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.

Trustees' Expenses

There were no trustees' expenses paid for in the year ended 30 September 2025 nor for the year ended 30 September 2024.

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 TANGIBLE FIXED ASSETS - GROUP

TANGIBLE FIXED ASSETS - GROUP
Cost
At 1 October 2024
Additions
Disposals
At 31 September 2025
Depreciation
At 1 October 2024
Charge for the year
Elimination on disposal
At 31 September 2025
Net book value
At 31 September 2025
At 1 October 2024		 Plant and
machinery
etc
Freehold
Land
£
£		 Pitches
£		 Total
£
-
2,120,531
48,928
-
-
-
48,928
2,120,531
-
245,183
5,436
5,056
-
-
5,436
250,239
43,492
1,870,292
-
1,875,348		 2,124,060
741,826
-
2,865,886
1,610,502
18,064
-
1,628,566
1,237,320
513,558		 4,244,591
790,754
-
5,035,345
1,855,685
28,556
-
1,884,241
3,151,104
2,388,906

22

EAST GRINSTEAD SPORTS CLUB LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

TANGIBLE FIXED ASSETS - CHARITY

Cost
At 1 October 2024
Additions
Disposals
At 31 September 2025
Depreciation
At 1 October 2024
Charge for the year
Elimination on disposal
At 31 September 2025
Net book value
At 31 September 2025
At 1 October 2024		 Freehold
Land
£		 Pitches
£		 Total
£
2,120,531
-
-
2,120,531
245,183
5,056
-
250,239
1,870,292
1,875,348		 2,124,060
741,826
-
2,865,886
1,610,502
18,064
-
1,628,566
1,237,320
513,558		 4,244,591
741,826
-
4,986,417
1,855,685
23,120
-
1,878,805
3,107,612
2,388,906

Freehold land and buildings were donated to the charity at a value of £1,586,364 during the year ended 30 September 2003. Freehold land was donated to the charity during the year ending 30 September 2017 with a value of £50,000, and during the year ending 30 September 2019 with a value of £80,000.

All freehold land and buildings are included in the financial statements at lower of cost, donated value or residual value agreed by the directors. In the opinion of the directors, the open market value of the freehold land and buildings is not less than the stated value.

There is a legal charge over the netball courts in favour of Sport England, and a second over the squash courts in favour of England Squash and Racketball.

A third legal charge was registered on Companies House on 27 November 2024 in favour of LTA Tennis Foundation, in respect of the new padel courts. This charge ranks pari passu with the Sport England charge.

13 FIXED ASSET INVESTMENTS - CHARITY

Market Value
At 1 October 2024
Additions
At 30 September 2025
Net Book Value
At 30 September 2025
At 30 September 2024		 Shares in group
undertakings		 Total
£ £
-
100
100
100
-		 -
100
100
100
-

The investments at the balance sheet date in the share capital of other companies include the following:

East Grinstead Padel Limited

Registered Office: East Grinstead Sports Club, Saint Hill Road, East Grinstead, West Sussex, United Kingdom, RH19 4JU

Nature of business: Operation of padel courts

% Holding

Ordinary £1 shares 100

23

EAST GRINSTEAD SPORTS CLUB LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

14 DEBTORS

DEBTORS
Trade debtors
VAT
Prepayments and accrued income
Amounts owed by subsidiary undertakings
LOANS AND OVERDRAFTS
LTA Loan (refer note 17)
Loan
Payable within one year
Payable after one year		 2025
2024
£
£
Group		 2025
2024
£
£
Charity
24,590
45,897
40,467
1,881
12,446
-
-
-
77,503
47,778		 24,590
45,897
40,467
1,881
314
-
92,668
-
158,039
47,778
2025
2024
£
£
Group		 2025
2024
£
£
Charity
413,186
-
18,080
35,080
431,266
35,080
18,080
35,080
413,186
-		 413,186
-
18,080
35,080
431,266
35,080
18,080
35,080
413,186
-

15 LOANS AND OVERDRAFTS

Loans represent advances from the late D. Brown, repayments for which have been suspended. During the year, £15,000 of the loan balance was waived.

16 CREDITORS DUE WITHIN ONE YEAR

CREDITORS DUE WITHIN ONE YEAR
Loans
Deferred income
Trade creditors
Other creditors
Accruals
CREDITORS DUE AFTER ONE YEAR
LTA Loan (refer note 15)
Private Loans		 2025
2024
£
£
Group		 2025
2024
£
£
Charity
18,080
35,080
60,481
651
218,639
9,069
57,948
40,024
28,258
3,850
383,406
88,674		 18,080
35,080
276
651
218,239
9,069
39,105
40,024
10,000
3,850
285,700
88,674
2025
2024
£
£
Group		 2025
2024
£
£
Charity
413,186
-
127,500
-
540,686
-		 413,186
-
127,500
-
540,686
-

24

EAST GRINSTEAD SPORTS CLUB LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

18 UNRESTRICTED FUNDS - DESIGNATED

These are unrestricted funds which are material to the Charitable Company's activities

Land, Buildings and Pitches
Development Projects
Padel Sinking Fund
Loan Repayment fund
Previous year:
Land, buildings and pitches
Development projects		 At 1 October
2024
Incoming
resources
Resources
expended
£
£
£		 Transfers
£		 At 30
September
2025
£
2,388,906
-
(23,120)
152,092
-
-
-
-
-
-
-
-
2,540,998
-
23,120
-		 201,140
(114,566)
5,000
20,000
111,573		 2,566,926
37,526
5,000
20,000
2,629,451
At 1 October
2023
Incoming
resources
Resources
expended
£
£
£		 Transfers
£		 At 30
September
2024
£
2,393,962
-
(5,056)
112,092
-
-
2,506,054
-
(5,056)		 -
40,000
40,000		 2,388,906
152,092
2,540,998

19 RESTRICTED FUNDS

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

3G Pitch Fund
Squash Court Sinking Fund
Hockey Funds (CAF
America/Brightfunds)
Hockey Pitch Sinking Fund
Hockey Womens 1st Fund
Netball Fund
Badminton Fund
Cricket Fund
Padel Court Project Fund
General Hockey Support Fund		 Balance at
1 October
2023
£		 Incoming
resources
£		 Resources
expended
£		 Balance at
1 October
2024
Incoming
resources
Resources
expended
£
£		 Transfers
£		 Balance at 30
September
2025
£
1,050
27,547
4,246
43,475
1,000
6,440
4,020
3,511
-
-
91,289		 30
796
-
33,878
29
186
116
102
1,200
8,500
44,837		 -
-
-
(48,199)
-
-
-
-
-
-
(48,199)		 1,080
30
-
28,343
798
-
4,246
-
29,154
462
(16,983)
1,029
795
-
6,626
187
-
4,136
116
-
3,613
90
(2,000)
1,200
122,642
(111,140)
8,500
240
-
87,927
125,360
(130,123)		 -
-
-
-
-
-
-
-
(5,070)
-
(5,070)		 1,110
29,141
4,246
12,633
1,824
6,813
4,252
1,703
7,632
8,740
78,094

25

EAST GRINSTEAD SPORTS CLUB LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

20 UNRESTRICTED FUNDS

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the Directors for specific purposes:

General fund
Previous year:
General fund
ANALYSIS OF NET ASSETS BETWEEN FUNDS
At 30 September 2025:
Tangible assets
Current assets/(liabilities)
Long term liabilities
At 30 September 2024:
Tangible assets
Current assets/(liabilities)		 At
1 October
2024
Incoming
resources
Resources
expended
Transfers
£
£
£
£		 At
1 October
2024
Incoming
resources
Resources
expended
Transfers
£
£
£
£		 Gains and
losses
£		 At 30
September
2025
£
29,924
282,174
(203,006)
(106,503)		 17,000 19,589
At
1 October
2023
Incoming
resources
Resources
expended
Transfers
£
£
£
£		 Gains and
losses
£		 At 30
September
2024
£
28,090
72,898
(46,064)
(40,000)		 15,000 29,924
Unrestricted
funds
Designated
funds
£
£		 Restricted
funds
£		 Total
£
-
3,151,104
19,588
19,033
-
(540,686)
19,588
2,629,451		 -
78,094
-
78,094		 3,151,104
116,715
(540,686)
2,727,133
Unrestricted
funds
Designated
funds
£
£		 Restricted
funds
£		 Total
£
-
2,388,906
29,924
152,092
29,924
2,540,998		 -
87,927
87,927		 2,388,906
269,943
2,658,849

21 ANALYSIS OF NET ASSETS BETWEEN FUNDS

22 RELATED PARTY TRANSACTIONS

East Grinstead Sports Club made payments totalling £288 (2024 - £96) to the company BGL Communications Ltd of which a trustee, Lee Farren, is the sole director. The payments related to telecommunication expenses.

26