REGISTERED COMPANY NUMBER.. 04757847 (England and Wale51 REGISTERED CHARITY NUMBER; 1101130 TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2025 FOR WOOSON PARK TRUST WODSON PARK TRUST cofvrrENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TRU8TEE8' REPORT...............-......................... STATEMENT OF TRUSTEES. RESPONSIBIUTIES...........................................................10 INDEPENDENT EXAMINER'S REPORT TO ThE TRUSTEES OF.................................... 11 STATEMENT OF FINANCIAL ACTIVITIES...........................................-............................12 BALANCE SHEET........ .13 CASH FLOW STATEMENT...........................................,..,..,..-..,........................................ 1S NOTES TO THE CASHFLOW STATEMENT........................................................... . . .16 NOTE8 TO THE FINANCIAL STATEMENTS................................................................ ....17 WODSON PARK TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Introduction Wodson Park Sports and Leisure Centre 15 51tuated in plrture5gue Ware, Hertfordshire, For over 36 years the centre has provlded a safe. secure and afftlrdable envlronment In whlch everyone is actively encouraged to understand and sUPPOrt others In their sporting and recreational pursuits. The centre's unique design enables the charlty to host a dlverse range of actlvltles, thereby placing It firmly at the heart of community lrfe in East Herts. Structurei governance and management Govemlni document Wodson Park Trust Is a company limlted by guarantee wlth company number 04757847. The charlty operated as an unlncorporated charlty called Vlodson Park Sports and Recreation Assoclation" untll 31 March 2006. On l Aprll 2006 the charltable operatlons were transferred to thls Incorporated charlty and the tradlng actlvltles In relatlon to the vendlng and bar sale$ were transferred to "Wadesmlll Suite Llmlted", a wholly owned subsidlary of Wodson Park Trust. The charbty's objects and re8ulations are determined by the Memorandum and Artlcles of A55oclatlon dated 8 May 2CK13 which replace the constltution of the original unin¢orporaled charlty Inaugurated In 1988. Prlnclpl• Artlvlty Wodson Park Trust rnana8es the purpose-built sports and leisure complex which provldes a wlde range of opportunities for participation at an affordable cost. The centre Is self-fundln& and the principal activity of the charity is fundraising. Recrultment and appolntment ol Trusteei The GoYerninB Body Is made up of elght trustees, comprlslng the chalrman, vlce chairman, secretary and treasurer of the Lea Recreatlon Society, and four members èppolnted annually by East HertfordShI￿ District Council. The Lea Recreation Society is a locally based self-help group. Trustees are elerted by Lea Recreatlon Soclety and nomlnated by East Hertfordshire Distrirt Councll. The chlef executlve arranges a phased programme of Indurtlon and meetlngs as approprlate to meet the needs of each new Indlvldual governln8 body appolntment. K•y man4i¢mqnt p•Yx)nn¢l remunerntlon The trustees conslder the board of trustees, the chief executlve and the operations managers a5 comprlsln8 the key management personnel of the charlty. They oversee, direct and control the charSty and the runnln8 of the facllltles on a day-to-day basts. All trustees 8lve of their time freely and no trustee remuneratlon was pald durlng the year. ## Risk Management The trustees recognise their responsibilities regarding risk management and to this end have endeavoured to ensure that the trust has adequate procedures and strategies that can monitor, eliminate or mitigate, as appropriate, the risks faced by the organisation. The trustees have reviewed the key risks to which the trust might be exposed, in particular those related to the operations and financial management of the trust and are satisfied that the trust has appropriate systems of control which mitigate exposure to the key risks that it faces. ## Review of the year ending March 2025 The environment remains extremely challenging for the charity, but utilisation of the centre’s facilities is slowly returning to pre-pandemic levels. Schools’ activities and sports competitions have returned, and we have been able to secure new events and hirings. ## Number of Users - comparision year -on-year **----- Start of picture text -----**
317,255
PP
2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
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There has been a slight improvement in daytime usage (9am-3pm) during the last 12 months, predominantly driven by the demand for pickleball courts and an increase in the number of gym users. The refurbishment of the gym facilities and the closure of a local competitor has helped to increase footfall. **----- Start of picture text -----**
Utilisation by time of day
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Fh | 38%
i | eS5am- mdday
a w12-3pm
Pane w6pm-ccse
, eee |
ly sigs in isk
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4 Use of the external facllltles, partlcularly the all-v￿ather courts and track remaln seasonal, but attivities such as bootcamps, walklng netball, buggy flt and a dwktime adult running group helped to maintsin day-time usage. The astroturf remains popular all year round and Is only closed during extreme weather. Participation by sport Fitness Sulte 811$ other Sport5 07 Wel be'rq 9.2% Ttarn sports 1934 Maft*oI Arts 27% Aerobics 107% Gymnast.cs 3.0% Athiet-C5 7.9% Racket Sports 284% The centre continues to be used extensively by the local SEN schools and other groups for athletics, indoor games {e.g. b¢xcla, new age curlin81, football and netball. Local care provider5 Care Herts" brlng cllents to take part In aerobics, dance and wellbelng tlasses and the local dementla group "Sin8ln8 Down Memory Lane. hold a bl-monthly Iunchtlme 5esslon for thelr 5ervlce users. Disabled users- participation by sport Fstness9Jfve JO.8% 6.9 Teamswts J6.34 Athid(5 171 Other Spons 1.9Y• Aerobk3 7.3% WelibE1￿9 Development Plans Wod50n Park Trust remalns commltted to Improvlng health and ￿d￿CIng Inequalltles across East Hert$ by encourngln8 and helplng people to become and stay actlve, However, our focus must be on ensurin8 a bJlan¢e betrween income 8eneiJtlon and the wlder sodal objectfves. Our development plans thls year contlnued the theme from the prevlous year: • Promotln8 physlcal and mental wellbein8, particularly amongst the older generation. Encoura8in8 individual developmenL proffjotlng phy51cal artlvltle5 5peclfically tsrgetlng women and girls. Supportln8 social and communlty developmen( Durturlng ond provldlng prartlcal assistance for 8roups to enable them to become self-mana8ln8. En5urln8 Wod50n Park remalns a self-fundlng faclllty, and a focus for sport and recreatlon for the wlder communlty of East Herts. We continue to work In partnershlp wlth Artive East Herts and The Unlverslty of the Thlrd Age IU3A) to Increase the number and range of activlties on offer for older people. Classes which focus on wellbeln8, redudn8 lonellness and encoura8ln8 soclal Interactlon remaln extremely popular. The newly refurbished gym has attracted an Jddltlonal 83 older adults users thls year. We remaln commltted to actlvely promote the Sport England "This Girl Can" ¢ampal8n. There has been a marked Increase in the number of women and 81rts playln8 football, plckleball and usln8 the gvm. In conjunrtlon wlth sports natlonal governlng bodles, we have hosted 8 coaching qualificatlons and prartlcal skill courses, such as first-ald. and safeguardlng training. Our staff team contlnues to provide Information and practical support with issues sueh as grant applications. We make a signiflcant contribution and Impact posltlvely upon the lives of resldents, through involvement in sport, lelsure and culture by: Impr(wing the enjoyment, health and wellbeing of local people • Increasln8 the number of people tsklng part In sport and physlcal artivity Contributing to tackling crime and disorder through the provision of d•versionary actlvities Raising edu&itional standards In our schools through sports partlclpatlon Encouragin8 a lifelon8 leamin8 approach throu8h our employee development Safeguarding the environment by takin8 energy ÈfficiÈnty measures to reduce carbon em1551ons. Our MlssSon, vlslon and four core values shape the culture and deftne the character ofwodson Park. They guide how we behave and make deGisions. Servl(e.' The people who use the facllltles at Wodson Park are the Ilfeblood of our buslne$s. We pride ourselves in going to extraordlnary lengths to ensure we understand and meet OUW Customer's fequirements, We know that by doin8 this our customers become active advocates for our centre, Inteorfty.. We treat our stskeholders wlth ￿spect, falrness, honesty and Inte8rlty at all tlmes. We are accountsble for our actions and have the coura8e to do the right thln8, for the rl£ht reason, at the right time. quollty.. We set hl8h standards and are commltted to contlnuous Improvement. We actively seek feedback to help us review and Improve our performance. Commltfflentr We strive to ensure the entlre estate Is well mana8ed and operates safely. We are innovative and nlmble in our buslness activlty and alm to be 8ood stewards of the environment. Our role in the community Wodson Park is an inte8ral part of the East Herts cornmunity Infrastructure and Is commltted to adv•n¢ing equality and diversity. This year we have worked Èxtenslvely wlth AgeUK, Herts Sports Partnershlps, the NHS and Herts County Councll to promote the "Llve Longer Better" programme. Thls Inltlatlve Is almed at Increasin8 healthy Ilfe expectanry and reducin8 the need for health and social care, Wodson Park Is a focal point for the campaign in East Herts. We host events and ctivities for older people to mitigate isolation, Increase physlcal ablllty, and promote In understanding about living longer and better amon8 older people to counteract the detrimental effects of ageism. We contlnue to for8e good relationships with local schools, colleges and the third sector to provlde opportunltles for Job shadowin8. work placements and volunteer work. We offer structured work experience programmes in conjunction with Hert5 Youth Connections and Herts Reglonal College. This year we have provided work experience for 17 youn8 people and helped 2 adults wlth mental health issues to obtsin paid employment. Our ongolng partnershlp wlth the F2 Academy and Virtual Learnin8 UK offers a programme of tailared employability training and continues to be Success￿1. The object of the programme Is to Upskill hard-to-reach young people aged 16-24 and provide them wlth the knowledge, confidence and technlque5 to research, prepare and IntervSew for vacancle5. Young people are referred from local agencies for a mixture of one-to-one coa¢hin8, 8roup training exercises and live work experience. Lookln8 forward Oesplte efforts to mlnlmlse costs, our expendlture has Increased In the past year, malnly due to Iteffl5 0Ut51de our control such as the Increase in employment Costs. Desplte our efforts to reduce expenditure hire fees and membership prices we will need to increase prices again next year. The a8ln8 estate presents a malor challen8e for the foreseeable future, Slgnlflcant parts of the roof and 8utterln8 requlre attentlon; shower facllltles need upgrading and the heatin8 and hot water system will shortly reach the end of its economlc life. The Trustees have recognlsed the need to rebulld the financlal reserrfes, whlch were depleted durlng the Covld pandemlc, and have e5tabllshed "Frlends of Wod5on Park. to ralse money to help pay for refurbishments and renewals and to support grant appllcations for capltal expenditure projects. A major Frlends of Wodson Park publlclty and crowdfundln8 campal8n Is planned for 2025. WODSON PARK TRUST Company Socrotary . Wadesmlll Sult• Llmltsd JIWng Dlrectorn - Wad••mlll Sult• Llmlt•d V L Naylor S E Slorey Tru•ts•a - Wod8on pa￿ Tru8t D Andrews M F Bulcher GCHIII V L Naylor S E Storey S Watson J I l•Mng J Fwwing Ind•p•nd•nt Examln•r Kevln Rose ACMA IAC Audit and Consultancy Lld 23 Westbury Road Yarnbrook Itshlre BA14 8AG Approved by order of the board of Iruslee8 on 20 and signed on its behalf by., S E Storey- Truslee WODSON PARK TRUST STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2026 The trustees are responslb18 for preparlng the Tru8taes' Roport and the flnandal 81atem8nts In accordance With applicable law and United Kingdom Accountlng Standards {Unlted Klngdom Generally Accepted Accountlng Pracllce). Company law requlres the truslee$ to prepare flnanclal slatements for each financlal year whlth glve true and fair vlew of the state of affairs of the charltable company and of the In¢omlng resources and applieAtion of r880urce8, including Ihe income and expenditure. of the d￿lItable company for that period. In preparing those finandal Statements. the truslees are requlred lo • $ele¢t 8ultsble accountlng pollde8 and Ihen apply them con51stently; observe the methods and prlnclples In Ihe Charlty SORP., mak8 judgam8nts and e81imat8s thal are reasonable and prud8nt,' • prepare the finandal ¥tatements on Ihe 90ing conc8m basis unless it 18 inappropriate to pre8ume Ihat the Charilable company will continue in business. The tfUStee8 are re8ponslblo for k8eplng prop•r accounting recordj which di8doso with r•a8onabl• accuracy at any timo thè financial position of Ihe eharilable r￿MpanY and to enable them to ensure that the Ilnanclal 8tatement$ ￿rnpty wtth the Companles Ad 2006. They ara a180 responsible for 8afvguarding th• ass&t$ ol th• Charilable company and hence lor taking reasonable steps for the proventlon and detedlon of Iraud and olher Irregularflloi. 10 ## I **NDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WODSON PARK TRUST (“the Company”)** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as set out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body, I can confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 366 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Kevin Rose ACMA IAC Audit and Consultancy Ltd 23 Westbury Road Yarnbrook Wiltshire BA14 6AG Date 20th October 2025 11 WOD8ON PARK TRUST STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 IIARCH 2026 31 March 31 March 2026 2024 Unmtslct•d R•strfct•d Fund¥ Fund* Totsl Fund• Totsl Fund• INCOME AND ENDOlbNENTS FROM Oonallons and lega¢>es 12,184 12.184 26,995 Chadlable actlvities Membership subsuiplions Ronts 8.747 31,755 930 8.747 17,272 37,583 31.755 Grant8 r•celved Chadtable Adlvltles- Sport8 Income 705.558 705,558 850,147 Investment Income 4.049 4,049 2,582 Tolal income 763,221 763,221 734,559 EXPENDITURE ON Charitable actbvltlol 901,935 901,935 834,471 other Total expenditum 901.935 901.935 834.471 Not gain Ooss) on inveslmonts (4.174) NET INCOME (EXPENOITURE) (138.714) (138,714) (104,088) RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 2,294.687 2,294,687 2.398,773 TOTAL FUNDS CARRIED FORWARD 2,155.973 2,155,973 2294.687 The note# foThn part of thase financial Statemenls 12 WODSON PARK TRUST BALAt4CE SHEET AS AT 31 MARCH 2025 31 March 2025 31 March 2024 Not•8 FIXED ASSETS Tanglble as$el6 Investment8 2.008,389 2.087,904 Investments 10 Social investments 11 Total fixed a88et$ 2.008,392 2.087,907 CURRENT ASSETS D•btori 12 115.558 140.854 95,338 194,433 Cash In bank and at hand Total cuffenl a88ets 256,412 289,771 CREDITORS Amount8 failng due within on• y•ar 13 76,771 87,395 NET CURRENT ASSETS 179.841 222,376 CREDITORS Arnount8 falling due after ona year 14 6,299 15,596 NET ASSETS 2.181,734 2,294,687 FUNDS 19 Unrestrlcted funds 2,165,973 2.294,687 Reslrlcted funds TOTAL FUNDS 2.155,973 2,294,687 The charitable company is enlilled to exemplion from audlt under Section 477 of the Companies Th8 notes fom part Of those financial statements 13 Act 2006 for the year ended 31 March 2025. Tho members h8ve noi woqulred Iho comp•ny lo oblain an a￿111 ol its financoal ststqm•nts for tho y¢ar ¢nded 31 March 2025 in accordance with Sec￿n 47e ol th8 Compani88 Act 2008. Tho trustee8 acknawladp ttwlT respo￿lbIlItI•s for (al •Trsurlng that tho ch•rfl•bh Company k•epi ice￿n11ng record5 that comply with S8etion8 386 and 387 of Ihe Companies Acl 21Th and (bl preparfng fin•nci•l it•tsm•nls whieh giw * truts and lair vhw of th• #tat• of affairn ot thè ehafbtab company as al the end of each flnancial year arKI ol Its sU￿lUS or doficbt for each flnancial year In arth￿anc• wilh th• r•qyir•m•nl8 of Saclions 394 and 395 and whkh 0lharwl￿ compty wbth the requlTementB of the Companle8 Acl 2C￿ relallng to financlal Itatements. 80 lar as appl*abl& to the charltablg company. Th••¢ •tst•monls hava baen prapared In accoftl•nca wlth the provl8lon8 aPplIcab￿ to charftablg comp8nle¥ s￿1•¢1 lo th• •ffl•ll gJmp•ni•$ re9ime. Th• fln•ncl*l 8lat•m•nt8 warn approved by Ih• Board of Tr￿10￿ And authorkned lor18iu8 on: Jo 202 And w•ra *nèd an IIA bohall ty; S E Stor•y- TnJ8ta• Tho notei foftn part of these fin•n¢l•l $l•t¢menl8 14 WODSON PARK TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 31 March 2025 31 March 2024 Cash flows from operating activities Ca8h geneiated from operatlon$ Interest pald Net Cash {used in) I provided by operating acll¥ftle8 (14,295) (13.165) (27,460) 11,620 (10,339) 1,281 Ca8h flow8 Irom Invesllno actfv511es Purchase of tangible fixed assets Sale of fixed asiet investments (48.862) (33,314) Inlere8t rocelved 4,049 2,582 (30,732) Net cash (used In) I provlded by Investing actlvilies (42,813) Cash flows from financing acliinti08 Loan repayments in yeaf Net cash (used in) I providad by financing actlvllles (9,IX7) (9,(X87) (8,627) {8,627) Change In cash and cash equlvalenls In the reporting period (79,340) 138,078) Cash and cash equivalents at the beginning of the reporting p8riod Cash and eash equlvalents at the end of the reportln9 perfod 194,433 232,511 140,854 194,433 Th8 notes fami part ol Ih890 finandal slalerrents 15 NOTES TO THE CASHFLOW 8TATEMEKr 1. RECONCILIATION OF NEf EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31 Mareh 2021 31 ￿TCh 2024 N•t •xpanditure lor the reporting period {as per the Stolement of Flnandal AdfvItI￿) Adjustments frir. Depreclatlon charges L0381 (galn) on Investment8 Inlerest received {138,714) {104,088} 126,376 121,387 4,174 (2,$82) 10,339 (10,465) (7,147) (4,049) 13,166 (20,219) 9,148 Inlwest paid Total 99.095 (73,799) 25.296 The notes fomi part ofthos8 flnandal statsm8nl$ 18 140TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES BasfiB of preparing the fin•n¢iJl •tsternent8 The financial 8ltttem8nls of tlw ¢harit8bl¢ t￿MpAnY. whith Ik a publlc beneffil enllty under FRS 102, ha￿ bèan pryred In accordanco wllh the Chavilles SORP {FRS 102)'Ac¢ounting and Reportlng ty Charttles.. Sl8tem8nl of Recommended Practice 4pplic4ble lo chaiitiès preparing thair accounts In ac¢or(lanc8 wllh lh¢ Financial Reporting Standard Jpplicablè in the UK and Republic of Irèland IFRS 102118ff•ct4v• 1 January 2019),, Financial Reporting Standard 102 'The Financial Repol￿n9 standa￿ applicable in th• UK ond Republic of lrnland. ond Companies Acl 2C#)6. Th• finandal ifhtaments havè baen prnpar•d under tha hlstoriul cost conv•ntr'on. with th8 éxcApllon of Invo$trnen18 whlch ar• In¢luded 81 market value. as modffied by rwluation ol c4rtaln assels. I￿orn• All Incomlng f•8oufc08 am Indudad In Ihe StatsmMt of Flnanc*l Addlliv•8 (SOFA) when tho Is 1•9•lly entitl•d to thè incom• After any pèrfomiAneA conditlon$ ha￿ been mot. thlo amount b• m¢88UT•d ral￿blY and11 li probablo that Ihg incorne wlll be Mc•iv•d,. Inc4Mnè from govèrnmènt Ind othér grnnl#, wh•ther'¢•pitaf gr•nts or 'rov•nu•' grants le r•wnl￿d wh•n the chadty h45 enllll•menl lo the funds. any perforn)anco condllions aitoch•d lo lh• grAnt8 hAV8 beon mel. 11 l• probAbl• that the Income wlll be racelvad and the arnount con be moasurnd r•li•bly •nd is not def6ff&d. For donallons to be recogn18ed the chartty wll have bean nollfied of the •mount8 and the 60tllemenl date In writing, If Ih•rn af• conditions Alt•Gh•d to the donation and Ihls roqulres a I?￿1 ol p•rform•ncé ￿lorn enlll•ment rAn be obtalned Ihen incomels deferred until those ¢ondltion$ Ore lully met or Ihe fulllrnont ol tho¥• condlllons18 wllhln tho control ol Iho Charlty and It18 probabl• Ih•l they wlll b? fvlfimed. Inwitmont Income 18 oamod thmu9h holdlng 868ets lof In¥eitmonl puTro8ei such al th•r•s and prop•rfy. It includu dividend8, intsrn•t and ront. il 18 not pracllc4blo lo Identlfy Inve8tm•nt rn•n•gemenl costs InGurr•d wllhln • $¢h•m wllh r•aiofi•bli a¢¢uraty tha Inv•xtm•nt In¢om• 18 r•portod n•¢ of lh¢￿ co•lJ. 11 Includfjd when the amount can be meaiured rollably. Interest Income18 rnctyn18ed uslng the effectlve Intereit method •nd dividond and rent In¢omo18 re¢¢gnloed Ihe ¢hArlty'J r*ht to recelve paymonl Is eslabllihed. Exp•ndltur• R•sourcw •xp•nd•d All •xp8ndlturè18 accounted for on an accruals ba>1$ 4nd ha$ been clas¥iil8d unil8r hgadlng5 that aggwate fi costs related to the category. Expendllure Is recognised where th8r8 li a l•gil or c￿n$truCtIve obllgalion to make ym•nts lo Ihird paitieg, it Is Probable t￿1 the settlement wlll bè regulred and the amount of lh• oblip•tknn t* meo$ured ￿lably.1¢ 1$ ¢alegorised under the following heading•: Charltable experKllture comprfBeJ those costs InCUr￿d by tho tharity in the do￿Very of Ils actmles and sgr¥ice• for Ils beneficlath. 11 Includes both costs allocat¢d dlrecty to such odivlllos and those cosls ol Jn Indlrect nature necemary to 8upport them. IrTew¥erobl¢ VAT 1$ charged 08 an ¢xpen8¢ against the activity ftjr whlch expendlture •row. The notes foTh part of these financial st21amonts 17 Support ￿$ts allocallon S￿POrt ¢o•ts •r• th￿• Ih•l auisl th• work ol tho ¢h8rlty but do not dr•cty T￿rment thwitable activiltes and Include oftk• costs, wmanca costs and admlnlstrall¥a payroll costs. They are Incumjd dlrecty in support of expendllufe on the objects of thè charlty. support cosls cannot be dlrecty att￿b￿led lo particular headings Ihey been alloGated to th• cost of ralslng funds and expendltufe on Gh4rltAI)l• •¢tfvlT•$ on 4 bas1$ con818t•nl wtth u88 of thè ro8ourc4$. T•ThJlbl• fix•d ••••t• Dopr8cL4tlon IÉ prolrfdad at thè lolt)wlng AnnuAI r#tè• in ordèr to wrllè off 8ath aMal ovar Its 88timatad us8ful Improvem•nt8 to prop•rty Flxtur•8 and ffittlngs Computsr equlpmont - 10% on cost, 5% on ¢o$t •n¢J 2% on cost - 20% on co8t - 33% on cost Taxollon Tho charlty bs exerw from cowtlon IAX on Ils chafltabla octlvbll•8. Fund 4¢¢owtlng Unre8lrfct•d lunds b• u8•d In accordan￿ with lh• th•rfl•bl¢ oble¢llv•* at th• diicretk*n of th• tfu8t•u. R06trlct•d funds can onty b• u8•d for partlcular rè#tdctad purpo888 wlthln th• 0tr4•cts of lh• Chorlty. Re•trlcOon• Art•• whan gp•cW by th• donor or wh•n fvnds •r• rni8•d for p•rti¢u14r f•itrkt•d p￿p0a•s. Further oxplAnallon of tho naluro and pu￿068 of each fund 1$ In¢lud•d In the note810 tho flnanclal 8tstomonts. Hlr• PU￿￿￿• and IH•lng Gommltrn•nts Renlalj patd undgr owratlng h•808 aro ehargod to th• Sl•l*mént of Financial klivi￿8 on a 8lralghl IIM ba818 ov•r Itt• parnd ol lè•••. P•n•lon co•1• and oth•r p¢xt4•tlr•rn•nt b•n•fit• charit•tJl• ￿MpanY operatsi • d?ftned Conlrlbutlon penslon 8theme. Contribullona wyablè 1¢ th• charttabl• companyg p•n•lon ￿home af• chArg4d lo th• Slal•m•nt ol FlnarKIAI Acllvlll•s Ln th• p•rlod to whlch y relalo. Flx•d a8B•t Inv••tm•nt• Flxad AM8t Inv88tm8nts ar• In116•lly r•cogniMd at IranAActlon pdc• •xdudlng tra￿actIon colts. and ar• •ybwy•nUy rn•$ur¢d •1 f•ir •t M¢h r¢portlng date, Ch•ng•• In l•ir v•lu• •r• rn¢0oniied in not galn$lUo$8e$l on Snve8lmfrnts In the SOFA If the $haro8 aro publicty traded or thelr18tr value rAn olherwl4e be mèasurad r81iabty. InV￿•M&nt3 in $ub8hJi4riu are me•sur•d al coll imp8im•nl. Tran8action M81$ are •xp•n8•d wh•n in¢urrod. The notes fom part of these financial statements 18 2. DONATIONS AND LEGACIES 31 March 2025 31 March 2024 Donations 4,588 22,407 Gth aid (Wadesmlll Suite Limrted) 12,184 12,184 26,995 3. INVESTMENT INCOME 31 Ma￿h 2025 31 March 2024 Inlerast racolvable 4,049 2,582 4. INCOME FROM CHARITABLE ACTIVITIES 31 March 2025 31 March 2024 Membership Subsuiptions Rents Receivad 8,747 24.256 7,500 930 17,272 30,063 7,500 Rents Récaivad (Wadesmlll Sulle Ltd) Grants received Charitable activllle8- sports Income 705,558 650,147 Total 5. NET INCOME I (EXPENDITURE) Net Sn¢ome l (expendituwe) is slated afteT chargingl(crediting)'. 31 March 2025 31 Mafch 2024 D6precialion - owned assets Hlre of planl and machinery 128,376 5,309 121,386 4,479 131,685 125.865 The note$ fomi part of Ih•$¢ finan¢ial stat8monts 19 6. TRUSTEES, REMUNERATION AND BENEFITS There VRfe no Irustees, rernuneralion. expenses. or other benefils. for Ihe year ended 31 March 2025 nor for the year ended 31 March 2024. 7. STAFF COSTS 31 March 2025 31 March 2024 Wages and $alarle8 Soual securfty costs Other pon8ion costs 418,123 9,174 5,284 432,581 3Sg.981 13,426 5.103 378,490 Thg average monthly number of emplDye8s during the yeaf was as follows; 31 March 2025 31 March 2024 Operatlonal ltaff Trustées and Directors (unpaid) No employees received emolumenls in excam of £80,000 notes fomi part of these financlal 8tatsments 20 8. COMPAFIATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31 March 2024 Unmtrf¢t•d Pund Total Fund• Nol Fund• INCOME AND ENDOWMENTS FROM Donations and legacies 28,995 26,995 Charitable acti¥itses Membership subscrlptlons Ronts 17,272 37,563 17,272 37,563 Grants recelv8d Sports Income 650,147 650.147 Investment Income 2,582 2,582 Total incoffle 734,559 734.559 EXPENDITURE ON Ch8rilabl8 activit188 824.132 10.339 824,132 10,339 Bank Inter￿1 Total expenditure 834,471 834.471 Net galn on Investments (4,174) (4,174) NET INCOME (EXPENDITURE) (104,088) (104,0881 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 2,523,587 2.523,S87 TOTAL FUNDS CARRIED FORWARD 2.419,501 2.419.501 Th? notes forn part ol these flnanclal $tatsm8nts 21 9. TANGIBLE FIXED ASSETS Fr¢thold Improv•ment Flxture and Computer Proporty to Prnporty flttlng• •qulpm•nt Tolal• Cost At 1st Aprfl 2024 Addllion8 3,960.777 1,941.080 30.445 673,213 2,860 61,773 13.557 8,838,843 46,882 D16P08a18 At 31 March 2025 3.960.777 1,971.525 676,073 75,330 6.683.705 DEPRECIATION At 18t April 2024 Chafgo ft>r Iho yoar 2.127,328 79.215 1.719,370 39.208 646,227 56,014 4,548,939 126.378 2,952 5,001.00 At 31 March 2025 2,206.543 1,758,580 649,179 81,014 4,675,318 NET BOOK VALUE At 31 March 2024 1.833.449 221,710 212,946 26,986 28,894 5,759 14,318 2,087,904 2,008,389 At 31 March 2025 1,754,234 10, FIXED ASSET INVESTMENTS The charity do•9 not hold any r￿ed asset Investments 11. SOCIAL IN%￿sTmENTs COST At 31 sl March 2025 At 31 st March 2024 The wholly owned subsidiary undertaking. incorporated In the Unlted Klngdom, 1$ IN8de8mll Sulte Limited (company number 04305763), the principal activty of vthich is lo provide bar, vendir8 and catering 8ervlc88. The feglstered Off￿ 18 Ihe 88mo as Ihal of Wodson Path Trust which is shown on the Legal and Administrative Information pago. Tha available proffits for the year are donaled to Wodson Park Trust. The note$ fomi part of th•s• financlal slatemqnts 12. DEBTORS., AMOUNTS FALLING DUE WITHIN ONE YEAR 31 Mafeh 2025 31 March 2024 Trade debtors 71.044 41.180 3,334 115.558 66,868 28,470 Prepayfflenls and aCcA￿d income Other d8btors 95,338 13. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31 Ma￿h 2026 31 March 2024 Bank loans and overdrafts (8eo note 14) Trade credilorn 9,308 49,501 9,078 30,235 375 Amounts owed to group undertaklngs Social Security and other taxes VAT 2,653 12,184 1,170 1,975 76,771 4.408 8.831 2,108 12,560 67,395 Other creditor8 A¢crual8 and deferred income 14. LOANS An analysis of the maturity of loans is given below,. 31 March 2025 31 M•rch 2024 Amounts falllng due within one year Amounls falllng belween one and five years 9,308 6,299 15,607 9,078 15,596 24,674 Tha notes lomi part of these flnanclal Statements 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31 March 2025 31 Marth 2024 Unr8strlctod funds Restrlcled funds Total funds Total lunds Fixed assets 2,rx)8,389 2,008,389 2,087,904 Investmonts Cuffent assets 256,412 176,771) (6,299) 2,181,734 258,412 (76,771) (6,299) 2.181.734 289,771 (87,395) (15,596) 2.294.687 Current liabilitie8 No1￿cu￿ent liabilities 18. MOVEMENT IN FUNDS Net movement In fvnds At 18t Aprtl 24 Al 31st March 2025 Unrestrlcted fund8 General fund 2.294,887 (138,714) 2.155,973 Restricted funds Re8trlcted fund Tolal lundJ 2,294.687 {138,714) 2,155,973 Net movement In fund8. Includèd in tha abov• are a$ follN•'. Nat mov8mont In funds Incoming resource8 Resources expendod Galns and 1055es Unie6tricted fund 763,221 1901,935) (138.714) Restrictad funds A Cufrenl year {12 month$) and prfor year (12 month8) combined net movement in funds. induded in the abovo aro a8 follows: Tho notes fonn part oll1￿ rtha￿lI1 statement8 24 Nel movement in funds Incoming resources Resources 8xpended Gains and losses Unreslricted fund 1,497.780 (1.736,406) (4,1741 {242,800) R8Stricted funds 1.497,780 (1.736,406) {4.1741 (242.800) 17. REL4TED PARTY DISCLOSURES There were no dlsclosable related party transaclions during the year (2024- none) 18. ULTIMATE CONTROLLING PARTY There 18 no uttimate controlling party. The notes fomi part of thege financlal $tatsments WOD80N PARK TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 202S 31 March 2025 31 March 2024 INCOME ANO ENDOWMENTS Donallons 4nd18gad88 Gfft ald 4,588 12.184 22,407 12.184 28.995 Investment Income Interest Incorno 4.01• 2,502 ch•rItab￿ a￿1vIty Grnnts 930 Ch8dtabl• A(*lvlty- 8poth InMm• Ront recolved 714.303 672.007 31,755 37,583 748,988 709,570 Totol In￿rnIng re8ou￿8 763,221 734,569 £XPENDITVRE Chafttablo activlle• 418.123 359.961 Soclal i•curfty P•nslon* 9,174 13,420 5,284 S.103 Oth•r ¥t•ff Gosts 1.574 4.416 Lk8nsing Hlr• of plAnl and marthln•ry R•ta8 and wat•r 4,728 7,748 5.309 4,479 32.309 25,717 In•ur•rK• 30,720 33,789 Lwht Ind hmt Telophofto Po•tw •n¢ ¥tallon•ry 98.830 84,431 3,552 3,741 1,242 1.378 10.673 7,890 MaInt￿anCe 74,842 94.891 CompLrter •xpnMs Accountsn¢y 8nd18g•l f• 23.439 17.943 6,517 13.443 The noles fomi part of Iho$8 Inandal slatsmonts Irre¢overabk VAT 33.276 24.409 Oepreciatoon Bad debts 128,376 121.387 4,536 Olher costs 888,770 824.132 Bank Inter881 13.105 10.339 Total resour¢•$ oyndod 901,935 834.471 N•t •XP8ndlbJro b•loro galn8 and1058•S 1138,7141 199,912> Realis￿ racogni8od galn8 and Ios808 Re4llsed galnslllosse8} on fixed asset Investments N•t •xp•ndlturo 14.1741 1104,0861 (138.7141 The notes lomi p8rt ofthese finan¢io1 $tstsments 27