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← Wodson Park Trust

2024-03-31-accounts

REGISTERED COMPANY NUMBER., 04757847 (England and Wales} REGISTERED CHARITY NUMBER; IIOll30 TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR WODSON PARK TRUST

WODSON PARK TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REPORT...............................................................,........................................... STATEMENT OF TRUSTEES. RESPONSIBILITIES.................................................. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF...................................... STATEMENT OF FINANCIAL ACTIVITIES................... .10 BALANCE SHEET............................................................................................................... CASH FLOW STATEMENT................... NOTES TO TrIE CASHFLOW STATEMENT.......................................................................14 NOTES TO THE FINANCIAL STATEMENTS......................................................................15

WODSON PARK TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Introduction Wodson Park Sports and Leisure Centre Is sltuated In plcturesque Ware. Herttordshire. For over 34 years the centre has provided a sale. secure and attordable environment in which everyone is actively encouraged to understand and support others in Iheir sporting and recreational pursuits, The center's unique design enables the charity to host a diverse range of ￿tiVities. thereby placing it firmty at the heart of communty life. Structure, governance and management Goveming document Wodson Park Trust is a company Ilmlted by guarantee under company number 04757847, The charity operaied as an unincorporated charity called 'Wodson Park Sports and Recreation Association. until 31 March 2006. On l April 2006 the Ch￿ilable operations vlere transferred lo this Incorporated charity and the trading aclivits'es in relation to Ihe vending and bar sales were transferred to 'Wadesmill Suite Limited" a wholly owned subsidiary of Wodson Park Trusl. The charity's objects and regulations are determined by the MemoTandum and Articles of Assoclation dated 8 May 2003 which replace the constitution of the original unincorporaied charlty Inaugurated In 1988. Principle Aciivity Wodson Pafk Trust's principal aciivity is the management of a ground-breaking purpose-built sports and leisure complex providing a wide Tange ol opportunities for participation at an affordable cost. The centre 15 self-funding and Ihe principal activity of Ihe charity is fundraising. Recruitment and appointment ol Trustees The Governlng Body is made up of elght trustees. comprlslng the chalrman, vlce chalrman. secretary and treasurer of the Lea Recreation Society, and four members appointed anrbually by East Hertlordshire District Council. The Lea Recreation Society is a locally based self-help group, Trustees are nominated by Lea Recreation Soclety and East Hertlordshire District Council. The chiel executlve arranges a phased programme of induction and meetings as appropriate to meet the needs of each new individual appointment. Key management personnel remuneratlon The Irustees consider the board of trustees, the chlèf executive and the operations managers as comprising the key rnanagement personnel of the charity. They are in charge of directing and

controlling ihe ¢hanty and runnlng and operatinu the charity on a day-to-day basis. All trustees give of their lime freely and no trustee remuneration was paid in the year. Risk Management The trustees recognlse their responsibilities with regard to risk management an(J to this end have endeavoured to ensure that the trust has adequate procedures and stralegies that can monitor. eliminate or mitigate. as appropriale, the risks faced by the organisation. The Irustees have reviewed the key risks to which the tnjst might be exposed. in particular those related to the operations and financial management of the trust, and are satisfied that Ihe trust has approprlate systems of control Review of the year The environment remains exlremely challenging for the charty with utilisalion of the centre's facilities still below pre-pandemic levels. While some of the regular schools, actrrfities and spots competitions have returned, we are slruggling to attract new events and hirings. There has been a slight improvement in utilisation during the last 12 months, especially during the early afternoon period. This has been driven by the Increased demand for pickleball courts. Use of the external facilities, particularly the all-vRa(her courts and irack remain seasonal, but the Introduction of new activities such as the bootcamps, walking netball and a day-tlme adult running group has Smproved day-time usage. The astroturf remains popular all year round and is only closed during extreme weather. The centre continues lo be used ty Special Olympics East Heits and special educational needs schools for athletlcs, badminton and wheelchair netball traininglconditionlng and competitions. Local care provlders Yle Care Herts. brlng cllents to lake part In aeroblcs and wellbeing classes and the local dementia aroup 'Singing Down Memory Lane. hold a bi-monthly lunchlime session for their service users. Development Plans Wodson Park Trust Is committed to Improvlng health and reduclng ineqU￿1ties across East Herts, Encouraging and keeplng people active remalns our primary goal. Over the past iwelve months we have focussed on ensuring a sustainable balance of income generation vrith the wlder so¢ial objectives to re(luce health inequalilies and increase participation in physical activity. Our development plans this year continued the theme from the previous year: Prornoting physical and mental wellbeing. particulaTly amongst the older generalion. Encouraglng Individual development, promoting physical actlvltles specifically iargeling women and glrls, Supporting social and community development, nurturing and providing practical assistance for groups to enable Ihem to become self.managing. We continue to worf( in partnership with Active East Herts and The University of the Third Age (U3A) to increase Ihe number and range of actmties on offer for older people. Classes which focus on wellbeing, reducing loneliness and encouraging social interaction remain exiremety popular. The

tai-chl, yoga and meditation and WaI￿ng netball sessions have attracted an additional 168 new users this year. We actively promote the women and girl's initiative which stems from the Sport England 'This Girl Can" campaign. The netball and pickleball sessions introduced last year have been sust&'ned and there has been an increase in the number of girls, playing tOOiball, We recognise Ihe value of Ihe clubs and groups thal regard Wodson Park as their base and work closety with them to help attract and retain volunteers. In conjunction with national governing bodies this year have hosted 14 coaching qualrfications and practical skill courses, such as fiist-aid, and safeguarding training. Our staff team continues to provide infoimation and practical support with issues such as grant applications. We make a significant contribution arKI impact positively upon the Ilves of residents, through involvement in sport, leisure and culture by.. Improving the enjoyment, heatth and wellbeing ol local people • Increasing ihe number of people taking part in sport and physical activty Contributing to tackling crime and disorder through the provision of dlverslonary acllvities Raising educational standards in our schools Ihrough sports participaiion Encouraging a lifelong learning approach through our employee development Safeguarding the environment by laking energy efficiency measures to reduce carbon emisslons, Our Mission, vlslon and four core values shape the cullure and deline the character ol Wodson Park. They guide how we behave and make decisions. s0￿ce.. The people who use the facllltles at Wodson Park are the Ilfeblood of our business. We prlde ourselves in going to extraordinary lengths to ensure we understand and meet our cuslomer's requirements. We know that ty dolng thls we tuin customeis Into advocates for our centre. In¢•grity.' We treat our stakeholders with respecl, fairness, honesty and integrfty at all Ilmes. We are accountable for our actions and have the courage to do the rlght thlng, for the rlghi reason, at the right time. Quallty." We sel high standards and are commltted to contlnuous improvement, We activety seek feedback to help us review and improve our performance. Commltment.. We sirlve to ensure Ihe entire estate is well managed and operates safely, We are innovalive and nimble in our business aclivity and aim to be good stewards of the environment. Our role in the community Wodson Park Is an integral part of the community infrastruclure and Is committed to advancing equality and diversity. W8 continue to lorge good relationships with local schools, colleges and the

third sector to provide opportunilies for job shadowing, work placements and volunteer work. We offer structured work experience programmes in conjunction with Herts Yolrth Connectionsand Herts Regional College, and Ihis year we have provided work experience for 9 young people and helpeda young adult with additional needs to obtain paid eMplO￿nent. Our ongoing partnership with Ihe F2 Academy and Virtual Learning UK to offer a programme of tailored employability tralnlng continues to be successful. The object ot the programme is to upskill hard-tO-Teach young people aged 16-24 and provide Ihem with the knowledge. confidence and techniques to research, prepare and interview for vacancies. Young people are referred Irom local agencies such as Job Centre Plus, Rose Court Youth Hostel and Ne￿Ork Homes Housing Association. The mixture of one•to￿ne coaching. group training exercises and live work experience has been exlremely benelicial lo ihe young people. Four have oblained pald employment this year an(1 have returnedto lull time educalion. Looking forward The aging estate presen(s a major challenge., sizable areas of ihe roof and guttering require repairs, the floor in the north hall needs to be replaced and the showeifacililies need upgrading.The plumbing system is starting to show its age, with numerous leaks in the last 12 months while Ihe boilers will shortly reachlhe end of their economic lrfe. Despite efforts to minimise costs our expenditure has increased in Ihe pasi year, malnty due to items outside our control such as the increase in the national minimum wage, utilities and insurance premiums. Prices will need to increase again in April by 2025 at least 7.5% to offsel Ihe costs lo employers, announcementsmade in the recent budget. The Trustees recognise the need to rebuild the financial reseDMs which were depleted durlng the pandemic. A group called Friends of Wodson Park has been established. The sole aim of Ihe group is to raise money io help pay for refurbishments and renewals and supporting grani applications for capiial expendiiure prolects. This work has only just commenced but will be a key focus for the next year. S E Storey - Chairman Date: 2p4fw 25

WODSON PARK TRUST Company Secretary JIWing Direclors D Andrews M F Butcher GCHill V L Naylor S E Storey S Watson JIWing JFWWing - Appointed 30th August 2023 - Appointed 30th August 2023 - Appointed 30th August 2023 J H Goodeve ICKemp SAReed Resigned 30 August 2023 Resigned 30 August 2023 - Resigned 29 August 2023 Independent Examlner Kevin Rose ACMA IAC Audit and Consultancy Ltd 23 Westbury Road Yarnbrook Wltshlre 8A14 6AG Approved by order of the board of trustees on S9H)fLfy 15 and signed on its behalf by,. S E Storey - Trustee

WODSON PARK TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees (who are also the directors of Wodson Park Trust for the purposes of company law) are responsible for preparing the Trustees, Report and the financial slatements in accordance with applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accountin9 Practice). Company law requlres the trustees to preparefinancial statements for each financial year which give a true and fair view of the stats of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, ot the charilable company ft)r Ihat period. In preparing ihose linancial stalements, the trustees are required to select suilable accounting policies and then appty them consistently., observe the method5 and principles in the Charity SORP., make judgements and estimates thal are reasonable and prudenl; prepareihe financial statements on the going concern basis unless it is inappropriaie to presume Ihat Ihe charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charltable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardlng ihe a55e15 of the charitable company and hen￿ for taking reasonable steps IOT the preventlon and detection of fraud and other irregularities.

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF WODSON PARK TRUST (Ihe Companf) I report to the charity tntstees on my examinalK)n of the a￿Unts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the PUTposes of company law) you are responsible for the preparation of the accounts in accordance Viith the requirements of the Companies Act 2006 (Ihe 2006 Acr). Having satisfied myself that the a(xounts of the Comp8Jry are not required to be audited under Part 16 of the 2006 Act and are eligibk toi independent examinats"on. I report in resFd ol my examinats.on of your chaNy's accounts as ￿rned out under Section 145 of the Charities Act 2011 Cthe 2011 Arf). In carrying oul ry examination I have followed the Direclions given by the Charity c￿mis￿n under Section 145(5) (b) of the 2011 ACL Independent examiner's sLitement Since your charff¢s gross inccme excwded £250.(KK) your examiner must be a member of a Itsted body, I can confirm that l am qualffied to undertske the exanThnation becau￿ l am a member of the Chartered Institute of Management AccounL4nts. Vhich is one of Ihe lied b(MJie I have completed my e￿￿MinalI0n. I confinn that no maners come to nry attention in connection V¥ith the examinatFon giving me cause to believe: accourning records vme not kept in re¥ct of the Company as required ty Section 366 of the 2006 Act., OT 2. the accounts do not aC(￿d IIN) records; (Y the a¢￿Unts do not comply Mrith the acLX)untirKJ requirements of Section 396 of Ihe 2LY)6 Act other than any requirement that the ac￿Unts give a true and fair Vie￿ vthich 15 not a rmtter considered as part of an independent examinalion: or 4. Ihe accounts have not been prepared in accordance wilh Ihe methLts and princi￿eS of the Statement of Recommended Practice for accounting and re￿rtIng by chanties (applicable to charities preparing their arxounts in acu)rdatKe %Mih the Finaniial Rerthing Stand￿d applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across rl) othw ma11ers in conneclion ￿1th the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts trj be reached. Kewn Rose ACMA IAC Audit and Consultancy Lid 23 Westbury Road Yarnbrook Imltshire BA14 6AG Date 29th January 2025

WODSON PARK TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31 March 2024 31 March 2023 UnroStrl¢lod R¢slrlcl¢d Funds Funds Noios Total Funds Total Funds INCOME AND ENDOWMENTS FROM Donations and legacies 26,995 26.995 7,221 Charitable activities Membership subscriptions Rents 17,272 37,563 17,272 37.563 19,873 19,008 Grants received 5,000 591,581 Charitable Activities - Sports income 650,147 650,147 Investment income 2,582 2,582 759 Total income 734,559 734,559 643,442 EXPENDITURE ON Chwitable aclivities 834,471 834,471 775,484 Other Tolal expendlture 834,471 834,471 775,484 Net gain (loss) on investments (4,174) (4,174) 7,228 NET INCOME (EXPENDITURE) {104,086) (104,086) (124,814) RECONCILIATION OF FUMDS TOTAL FUNDS BROUGHT FORWARD 2,398,773 2,398,773 2.523.587 TOTAL FUNDS CARRIED FORWARD 2,294.687 2.294,687 2.398.773 The notes form part of these financial statements io

WODSON PARK TRUST BALANCESHEET AS AT31 MARCH 2024 31 March 2024 31 March 2023 Notes FIXED ASSETS Tangible assets Investments 2,087,904 2,175,977 Investments io 4,174 Soclal inveslmenls Total fixed assets 2,087,907 2,180,154 CURRENT ASSETS Debtors 12 95.338 194,433 84,873 232,5ll Cash in bank and at hand Total current assets 289,771 317,384 CREDITORS Amounts falling due within one year 13 67,395 74,091 NET CURRENT ASSETS 222.376 243,293 CREDITORS Amounts falling due after one year 14 15,596 24,674 NET ASSETS 2,294,687 2,398,773 FUNDS 19 Unrestricted funds 2,294,687 2,398,773 Restricted funds TOTAL FUNDS 2.294,687 2,398.773 The charitable company is entitled to exemption from audit under Seclion 477 of the Companies Act 2006 for the year ended 31 March 2024. The notes lomi part of Ihese financial staiements

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance writh Section 476 of the Companies Act 2TrJ6. The trustees acknowledge their responsibilities for (a) ensuring that the charilablg ¢ompany keeps accounting records that comply with Sèctions 386 and 387 of the Companies Act 2006 and (b) prepari1￿ finanelal statements whlch glve a true and falf vbew of the stats ol affairs of the charitable company as at Ihe end ol each financial year and of its surplus or deficit foi each financial year in accordan wlth the requlrements ol Sections 394 and 395 arKI which otherb*ise compty wlth the requirements of the Companies Act 2006 relating to Ilnanclal statements, so far as applicable to the charilable company. These Ilnandal statements havè been prepared in aeeordance with the provisions appllcable to charltable companies subleet to the small tompanles reglme. The financial statements were approved by the Board of Trustees and auihorised for issue on: ,and were signed on its behalf by., S E Storey . Trustee The noles form part of these financial statements 12

WODSON PARK TRUST CASH FLOWSTATEMENT FOR THE YEAR ENOED 31 MARCH 2024 31 March 2024 31 March 2023 Note Cash flows from operating aclivilles Cash generatedfrom operations Interest paid Net cash (used in) I provided ty operating activities 11.620 (10,339) 1,281 {4,210) (11,150) (15,360) Cash flows from invesiing aciivities Purchase of iangiblelixed assets Sale of fixed asset investments (33,314) (11,744) 43,456 759 Interest received 2,582 Net cash (used in) I provided by investing activlties (30.732) 32,471 Cash flows from finan¢ing activities Loan Tepayments in year Net cash (used in) I provided by financing activilies (8,627) (8,627) (8,505) (8,505) Changein cash and cash equivalents in the reporting period (38,078) 8,606 Cash and cash equlvalents at the beglnnlngof the reportingperiod Cash and cash equivalents at the end of the reporting period 232,511 223,905 194,433 232,511 The notes lorm part of these financial statements

NOTES TO THE CASHFLOWSTATEMENT 1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31 March 2024 31 March 2023 Net expenditurefor the reportingperiod (as per the Statement of Financial Activities) Adjustments for: Depreciationcharges Loss l {gain)on investments Inte￿$1 received (104,086) (124,814) 121,387 123,207 (7,228) (759) ll,Iso (155) (5,611) 4,174 (2,582) 10,339 (10.465) (7,147) Interest paid (Increase)I decrease in debtors (Decrease)l increase in creditors Net cash (used in) I provided by operalions 11,620 (4,210) 2. ANALYSIS OF CHANGES IN NET FUNDS Asat Asal 31 March 2023 31 March 2024 Cash flow Cash at bank and in hand 232,5ll (38,078) 194,433 Debts lalling due within l year (84.873) {10.465) (95,338) Total 147,638 (48,543) 99,095 The notes form part of these financial statements 14

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUNTING POLICIES Basi3 of preparing the financial statements The financial statements ol the charitable company, wfiich is a public benefil enlty under FRS 102, have been prepared in accordance with the Charlties SORP (FRS 102) 'Accounting and Reporting by Charilies: Statement of Recommended Practice appllcable to charltles preparing their accounts In accordance wlth the Financial Reportlng Standard applicable in the UK and Republlc of Ireland (FRS 102) (eflectiv8 l January 2019)., Flnancid Reponlng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prèpared under the hiswrical cosl conventlon. wllh lh8 exception ol Inveslments whlch are Included al market value, as modilied by the ￿valUation of cetsin assets. Income All incoming resources are Included In the Statement of Financial Additives (SOFA) when the charty Is legally enlitled to the income after any performance condltlons have been meL this amount can be measured iellably and11 Is probable thal Ihe income will be received.. Income from government and othei grants, whethu 'capltal' grants or 'ievenue' grants Is recognlsed when Ihe charlty has enlltlement to the lunds. any performance condlllons attached to the gTants have been mel. It Is probable that the income will be recelved and the amount can be measured reliably and 1$ noi delerred. For dOn￿lon$ to be re¢ognised Ihe charity ￿￿11 have been notllied of Ihe amounts and the settlemonl date in wrltlng. If Ihere are condltlons attached to the donation and thls fequires a level ol perfomiance before entitlement can be oblained then Income is deferred until those conditions afe lully met or ihe fulfilmeni ol Ihose condlllons is wllhin the control ol ihe charity and It Is probable thai they wlll be fulfilled. Inve*menl income is earned through holdlng assets for Investmeni purposes such as shares and pioperly. It Includes dividends, Interesl and rent. Where it is nol practicable lo Idenlify inveslmenl managem9nt costs incuired within a scheme vthih reasonable accuracy ihe investment income is rgported net of these costs.11 Is included V¥then the amount can be measured rellably. Interest income is reeognlsed uslng the effective interest method and dividend and rent income is recognised as the ¢hariV5 rwhl to receNe payment Is eslabllshed. ExpqndlWr• Resources expended All expendilure is accounted for on an acuuals basls and has been ¢lasgfied under headlngs Ihat aggregate fi costs related lo the category. Expenditure is recognised where there Is a legal or constnKtive obligation to make paS￿ents to Ihlrd part¢es, It is probable that the setuement will be required and the amount of the obligation can be measured reliably. It Is calegorlsed under the lollowino headings: Charitable eXpendi￿re ¢ompri5e5 those costs Incurred by the chaflty in the delivery of its activilies and sepAces for Its benelSclarles. It Includes l)oth costs allocated directty to such aclivilies and ihose costs 01 an indirect nalure necessary io support ihem. IrTeeoverable VAT is charged as an expensg againsi the actlvlty for which expendilure arose. The notes form part of these linanclal statements

Support costs allocation Support costs are those that assist the work of the charity but do not directly represent Ch￿iL￿ble aclivities and include office costs. governance costs and admlnistrallve payroll cosis. They are incurred direaly in support ol expenditUTe on the objects ol Ihe charity. Where support costs cannot be direclty attributed to part4cular headings they have been allocated to the cost ol raising funds and expendiDJre on chafftable activities on a basls consisnt wlth use of the resources. Tanglbleflxed a886ts Depreciation Is provided at the lollowing annual rales in order to write off each asset ovei its estimated usefvl Improvements lo propety Fixtures and fftlings Computer equipment - IO% on cost. 546 on cost and 246 on cost - 20% on cost - 33% on cost Taxalton The charty is exernpt from Gorpoial¢on tax on its charitable activilies. Fund accountlng Unrestricted fijnds can be used In accordance fjth the charitsbl? obl￿(1veS al the d5$￿tIon d ihe Irusiees, Restricied frjnds can only be used loi particular restricted purposes wlthln the obJe¢ts ot the charty. Restrictions arlse vthen Specified by the donor or vknen funds are raised IOT Particular restricted purposes. Further explanatlon of tho nature and purpose ol each fund Is Included In the noles to Ihe financial statements. Hir• purehas• and Iwing eommltm•nt* Renials pald under operating leases are charged to the Siatement of Flnanclal Acllvhtes on a stralghl Ilne basis over the pwiod ol Ihe lease. Penslon cosls and othor posl.r•tlr•ment b•n•flt• The chariiable company operates a defined contribution pension s¢heme. Contributions payable to tha charliable companys penslon scheme are charged to the Siatemeni ot Flnancld Actlvities in the period to which Ihey relate. Fix•d assot invesim•ntg Fixed asset Investsnents are Inllally fecognlsed at transactlon prlce excludlng tran$a¢tlon costs. and are 3ubsequenty measured at fair value at eath Teporting date, Changes in lair value are recognlsed In net galnslOos$esl on Investments In the SOFA It the shares are publicly traded or Ihelr lalr value can olherwise be measured rellably, Investments In 5ubsldlaries are measured at cosi le55 Impaimenl, TranSa￿lon costs are expensed incuried. The noles form part of these financial statements 16

  1. DONATIONS AND LEGACIES 31 March 2024 31 March 2023 Donats'ons 4.588 Gift ald (wadesmlll Suite Limited) 22,407 7,221 26,995 7,221
  2. INVESTMENT INCOME 31 March 2024 31 March 2023 Interest receivable 2,582 759

  3. INCOME FROM CHARITABLE ACTIVITIES 31 March 2024 31 March 2023 Membership Subscriptions Rents Received 17,272 30,063 19,873 11,508 7,500 5,000 591,581 Renis Received (Wadesmill Suite Ltd) Grants received Charitable activities - sports income 650,147 Total 5, NET INCOME I (EXPENDITURE) Net Income l (expenditure)is stated after chargingl(credits'ng): 31 March 2024 31 March 2023 Depreciation. owned assets Hire of plantand machinery 121,387 123.206 4.479 3,921 125.866 127,127 The notes form part of these financial ststements 17

  4. TRUSTEES. REMUNERATION AND BENEFSTS There were no trustees. remuneralion. expenses. or other benefits. for the year ended 31 March 2024 nor for the year ended 31 March 2023.

  5. STAFF COSTS 31 March 2024 31 March 2023 Wages and salaries Social security costs o(her pension costs 359.961 339,826 17,294 4,953 13,426 5,103 378,490 362,073 The average morlthty number of employees during the Ye￿ was as follows; 31 March 2024 31 March 2023 Operational staff Dlrectois (unpald) No employees received emoluments in excess 01 £60,000 The notes form part ol these financial statements

  6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31 March 2023 Unrestrl¢t• d Funds Note$ Funds Funds INCOME AND ENDOWMENTS FROM Donations and legacies 7,221 7,221 Charitable activities Membership subscriptions Rents 19,873 19,008 19,873 19,008 Grants received 5,000 591,581 5,000 591,581 Sports income Investment income 759 759 Total income 643.442 643,442 EXPENDITURE ON Charitable activities 764,335 11,150 764,335 ,Iso Bank interest Total expenditure 775,485 775,485 Net gain on investments 7,228 7,228 NET INCOME (EXPENOITURE) {124,815) (124,815) RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 2,523,587 2,523,587 TOTAL FUNDS CARRIED FORWARD 2.398,772 2,398,772 The notes form part of these financial statements 19

  7. TANGIBLE FIXED ASSETS Freehold Improvement Flxture and Property to Property fittings Computer equlpment Totals Cost Al tst April 2023 Additions 3.960,777 1,931,225 9,855 659.078 52,449 9,324 6.603.529 14,135 33,314 Dlsposals At 31 March 2024 3.960.777 1,941,080 673.213 61.773 6.636,843 DEPRECIATION At 1st April 2023 Charge for Ihe year 2,048,112 79,216 1,686,668 32,702 640,323 5,904 52,449 3,565 4,427,552 121.387 At 31 M￿ch 2024 2,127,328 1,719,370 646,227 56.014 4,548,939 NET BOOK VALUE At 31 March 2023 1.912,665 244.557 18,755 2,175,977 At 31 March 2024 1,833,449 221,710 26.986 5,759 2,087,904

  8. FIXED ASSET INVESTMENTS Listed Investm•nts Market value At 1st Apfil 2023 Disposals At 31 March 2024 4,174 (4,174) NET BOOK VALUE At 31st March 2024 At 31 March 2023 4,174 The notes form part of these financial statements

  9. SOCIAL INVESTMENTS COST At 31st March 2024 At 31st March 2023 The wholly owned subsidiary undertaking, incorporaied in the United Kingdom, is Wadesmill Suite Limited (company number 04305763), the principal aclivity of which is to provide bar, vending and catering se￿ices. The registered office is the same as that of Wodson Park Trust which is shown on the Legal and Administrative Infomiatlon page. The avallable profits for the year are donated to Wodson Park Trusl,

  10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31 March 2024 31 March 2023 TTade deblors 66.868 54,180 30,693 Piepayments and acciued income 28,470 95,338 84,873

  11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31 Mar¢h 2024 31 March 2023 Bank loans and overdrafts (see note 14) Trade creditors 9,078 30,235 375 8,627 26,439 1,172 5,118 10.273 1,502 20.960 Amounts owed io group undertakings Soclal security and other taxes VAT 4,408 8,631 2,108 12.560 Other creditors Accruals and deferred income 67,395 74,091 The noles form part of these Ilnancial stalements 21

  12. LOANS An analysis of the maturity of loans is given below; 31 March 2024 31 March 2023 Amounts falling due within one year Amounts falling betweenone and five years 9,078 8,627 15,596 24,674 24,674 33,301

  13. ANALYSIS OF NET ASSETS BETWEEN FUND] 31 March 2024 31 March 2023 Unreslricted funds Restricted funds Total funds Total funds Fixed assets 2,087,907 2,087,907 2,175,977 4.177 317,384 (74,091) (24,674) 2,398,773 Investments Currenlassets 289,771 (67,395) (15,596) 2,294,687 289,771 (67,395) (15,596) 2,294,687 Currentliabilities Non4urrenUlabllitles
  14. MOVEMENT IN FUNDS Net movementln funds At Isi April 2023 At 31st March 2024 Unrestricted funds Generalfund 2,398,773 (104,086) 2,294,687 Restricted funds Restricted lund Total funds 2,398,773 (104.086) 2.294,687 The notes form part of these linancial stalements

Net movement in funds, included in the above are as follows: Net movement in funds Incoming resources Resources expended Gains and losses Unreslricted fund 734,559 (834.471) (4,174) (104,086) Restricted lunds A curreni year (12 months) and prioryear (12 mnths) combined position is as follows: A cuwrent year {12 months) and prioryear (12 months) combined net movement in funds. included in the above are as follows.. Net movement in lunds Incoming resources Resources expended Gains and losses Unrestricted fund 1,378,001 (1,609,955) 3,054 (228,900) Restrlcted funds 1,378,001 (1,609,955) 3,054 (228,900) 17, RELATED PARTY DISCLOSURES There were no disclosable ielated paty transactions durlng the year (2023- none) 18. ULTIMATE CONTROLLING PARTY There is no ultimate controlllng party. The noles form part of these financial statements

WODSON PARK TRUST DEfAILED STATEMEKf OF HNANCIAL ACTIVITIES FOR THE YEAR ENOED 31 MARCH 2024 31 Morch 31 March 2023 INCOME AND ENDOWMENTS Donations and legacies 4,588 Gift aid 22,407 7,221 26.995 7,221 InV￿ment Income Inte￿st income 2,582 759 Ch•ilable aclivity Grarts S.Crf)O Chwltable athvlty . Sports income Rent recelved 672,007 611,455 37,563 19,008 709,570 635,463 Tolal incoming resources 734,559 643,443 EXPENDITURE Charitable actlvltles Wages 359,961 339.826 Social security 13,426 17.294 Pensions 5.103 4.953 Oiher staff costs 4.416 Licensing Hife of plant and machinery Rales and wat8r 7,748 4,587 4,479 3.921 25,717 29.820 Insurance 33,769 30,348 Llghl and heal Telephone Poslagè and s￿lI0nery Marketing Malntenance 84,431 82,169 3.741 2,905 1,378 879 7.890 105 94,891 74,754 Computer expenses 17,943 12.341 Accounlancy and legal fees 13,443 17.667 Irrecoverable VAT 24.409 19.559 The notes form part of these linancial statements 24

Depreciallon 121,387 123.207 824,132 764.335 Bank interest 10,339 11,150 Total resouTces expended 834,471 775,485 Net expendtture before galns and losses (99,912) (132,042) Reallsed recognised gains and los Reallsed gainsl(losses) on fixed asset investments Net expendlture (4,174) <104,086) 7,228 (124,814) The notes form part ol these financial statements