## **REDBOURN RECREATION CENTRE** ## **AND PLAYING FIELDS TRUST** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31ST.MARCH 2022** **Company Registration No. 03131968 (England and Wales)** **Registered Charity No 1111215** ## **REDBOURN RECREATION CENTRE AND PLAYING FIELDS TRUST** ## **DIRECTORS' REPORT FOR THE YEAR ENDED 31ST.MARCH 2022** The Directors present their report and financial statements for the year ended 31st.March 2022. ## **Principal Activities** The Trust's principal activities are monitoring the 15-year management agreement with Everyone Active which began on 1st.October 2015, financial governance to ensure the long-term sustainability of the Centre, and fund raising for additional facilities. ## **Directors** The Directors who have held office during the year are as follows : Pat Schofield (re-elected October 2019) Rebecca Follett (re-elected October 2020) Michael Morton (re-elected October 2019) Juliet Thomas (re-elected October 2018) Richard Evans (re-elected November 2021) Catherine Brooke (re-elected November 2021) Chris Renwick (re-elected October 2019) Jeremy Reilly (elected October 2020) Ivan Hickmott (elected October 2020) ## **Audit** For the year ended 31st.March 2022 the Company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. ## **Directors' Responsibility** Company Law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of the Company's affairs and of its profit or loss for that period. In preparing these financial statements the Directors are required to : - select suitable accounting policies and apply them consistently, - make judgements and estimates that are reasonable and prudent, - prepare the financial statements on a going concern basis, unless it is inappropriate to assume that the Company will continue in business. The Directors are responsible for keeping proper financial records, which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provisions of Part 15 s380 of the Companies Act 2006 relating to small companies. By order of the Board ………………………………………………………………….C.Renwick - Director Dated : 11th.November 2022 ## **REDBOURN RECREATION CENTRE AND PLAYING FIELDS TRUST** ## **PROFIT AND LOSS ACCOUNT** ## **FOR THE YEAR ENDED 31ST.MARCH 2022** |**Notes**
**Turnover**
Direct Costs
**Gross Proft/(Loss)**
Administratve Expenses
**Operatng Excess/(Defcit)**
**before taxaton**
2
General Grants
Provision for Dilapidatons
Tax on surplus on ordinary
actvites
3
**Excess/(Defcit) for the Year**
|**2022**
**£**
29,035
4,261
24,774
6,370
18,404
0
-2,000
0
16,404
=========
|**2021**
**£**
670
1,976| |---|---|---| |||-1,306
5,543| |||-6,849
0
-2,000
0| |||-8,849
=========| **REDBOURN RECREATION CENTRE AND PLAYING FIELDS TRUST** ## **BALANCE SHEET AS AT 31ST.MARCH 2022** |**Notes**
**Fixed Assets**
4
**Current Assets**
Debtors and Prepayments
5
Cash at Bank and in Hand
**Creditors : Amounts falling**
**due within one year**
7
**Net Current Assets**
**Total Assets less Current**
**Liabilites**
**Creditors : Amounts falling**
**afer more than one year**
**Net Assets**
**Capital and Reserves**
6,8,9|**2022**
**2021**
**£**
**£**
**£**
**£**
11,217
12,745
63,264
4,074
1,101
38,450
64,365
42,524
1,985
0
62,380
42,524
73,597
55,269
0
0
73,597
55,269
=========
=========
73,597
55,269
=========
=========|**2022**
**2021**
**£**
**£**
**£**
**£**
11,217
12,745
63,264
4,074
1,101
38,450
64,365
42,524
1,985
0
62,380
42,524
73,597
55,269
0
0
73,597
55,269
=========
=========
73,597
55,269
=========
=========| |---|---|---| |||| |||55,269
0| |||55,269
=========
55,269
=========| ## **Audit Exemption Statement** For the year ended 31st.March 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. ## Directors' Responsibilities : The members have not required the Company to obtain an audit of its accounts for the year in accordance with section 476, - the Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of accounts, - theses accounts have been prepared in accordance with the provisions applicable to Companies subject to the small companies' regime. The financial statements were approved by the Board on 11th.November 2022 …………………………………………………………………………………..C.Renwick - Director 3 ## **REDBOURN RECREATION CENTRE AND PLAYING FIELDS TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST.MARCH 2022** ## 1 **Accounting Policies** ## a **Accounting Convention** The financial statement have been prepared under the historical cost convention and in accordance with FRS105, the Financial Reporting Standard applicable to the Micro-Entities Regime (effective January 2016) ## b **Turnover** Turnover represents amounts receivable for good and services net of any trade discounts. The Company is now registered for VAT. ## c **Depreciation of Tangible Fixed Assets** Depreciation is provided on original tangible fixed assets, on the straight line basis, in order to write off the costs over the period of the management agreement. The improvements to Premises are now also being depreciated, and the Bank Card Reader is being depreciated on the straight line basis over 3 years. |**2**|**Operatng Excess**|**2022**|**2021**| |---|---|---|---| |||**£**|**£**| ||Operatng excess is stated afer charging :||| ||Depreciaton of tangible assets|1,528|905| ## **3 Taxation** The Trust is a registered charity and, thus, a non-profit making entity and is not liable for corporation tax ## **4 Tangible Fixed Assets** ||**Improve**|**Bank Card **|**Fixtures**|**Sports**|**Total**| |---|---|---|---|---|---| ||**Premises **|**Reader**|**& Fitngs**|**Equip**|| ||**£**|**£**|**£**|**£**|**£**| |**Net Book Value**|||||| |At beginning of year|4,980|320|6,069|1,376|12,745| |Cost of Additons|0|0|0|0|0| |**Depreciaton**|||||| |Provided for year|623|160|607|138|1,528| |**Net Book Value**|||||| |At end of year|4,357|-160|5,462|1,238|11,217| **REDBOURN RECREATION CENTRE AND PLAYING FIELDS TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST.MARCH 2022 (continued)** |5**Debtors**
Trade Debtors (Everyone Actve)
Everyone Actve Loan re Gymnasium
Sundry Debtors
SAADI balance of agreed Contributon
|**2022**
**£**
5,264
50,000
0
8,000
63,264
=========
|**2021**
**£**
4,047
0
27
0| |---|---|---| |||4,074
=========| ## 6 **Dilapidations** Following the merger with Redbourn Playing Fields Trust the Company entered into a new contract with Redbourn Parish Council (the head leaseholder) under which a dilapidation fund "should be established to cover any remedial work to the building during the course of the lease and any necessary repairs at the end of the lease. At the start of the fiscal year 2008 this should equate to £25,000. Each year thereafter, to include 2008, an additional £2,000 should be added to the Fund out of surpluses." At the beginning of the year the Dilapidations Fund amounted to £37,148. A transfer of £2,000 has been made to the Fund from the Company's 2020-21 reserves, resulting in a year end balance of £39,148 |7|**Creditors : amounts falling due within one year**|**2022**||**2021**| |---|---|---|---|---| |||**£**||**£**| ||Premises Insurance|1,213||0| ||Easter Show 2020 in advance|0||0| ||Creditors and Accruals|79||0| ||VAT|693||0| |||1,985||-| |||========||========| |8|**Statement of Movements on Proft and Loss Account**|||| ||||**£**|| ||Balance at beginning of year||926|| ||Net Excess for the year||16,404|| ||Balance at the end of the year||17,330|| ## **REDBOURN RECREATION CENTRE AND PLAYING FIELDS TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST.MARCH 2022 (continued)** ## **9.Capital and Reserves** |Proft & Loss Account
Dilapidatons
Bowls Mat Renewal
Inter-Generatonal
Youth Café Grant
Football Foundaton|Opening
Additon
Reducton Prior Year
Balance
& Grants
Adjust.
926
16,404
0
0
37,148
2,000
0
0
10,228
0
0
0
2,455
0
0
0
4,133
0
0
0
379
0
-76
0|Closing
Balance
17,330
39,148
10,228
2,455
4,133
303| |---|---|---| ||55,269
18,404
-76
0|73,597| =========================== ======== ======== ## **10.Control** The Company is limited by guarantee and does not have a share capital ## **11.Post Balance Sheet Events** Following the temporary suspension of charging the management fee to Everyone Active caused by the coronavirus pandemic, normal service has been resumed. During the year it was agreed with Everyone Active that the Trust would pay for improvements to, and the extension of, the gymnasium, and that Everyone Active woud repay the Trust for the costs over an agreed period. The Board came to the decision that it would be in the Trust's interest to register for VAT and this has been done. ## **REDBOURN RECREATION CENTRE AND PLAYING FIELDS TRUST** ## **DETAILED TRADING AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST.MARCH 2022** |**Turnover**
Management Fees Receivable
Easter Show half share
Donatons
SAADI Contributon to Lost Rent
Bank Interest
Drinks Machine Sales
**Direct Costs**
Depreciaton of Sports Equipment
Hire and Service of Drinks Machines
Bank Card Reader fees
Depreciaton of Bank Card Reader
**Gross (Loss)/Proft**
**Administratve expenses**
Premises Expenses
Depreciaton of Improvements
Insurance
Depreciaton of Fixtures and
Fitngs
Ofce Costs
Cleaning & Waste Removal
Advertsing & Promoton
Security Expenses
Bank Charges
**Operatng (defcit)/excess**
**Parish and District Council General Grants**
**Provision for Dilapidatons**
**(Defcit)/Excess for the Year**|**2022**
**2021**
**£**
**£**
**£**
**£**
8,706
0
0
0
0
404
20,000
0
2
3
327
263
29,035
670
138
138
3,713
1,550
250
128
160
160
4,261
1,976
24,774
- 1,306
159
157
623
0
4,296
3,963
607
607
670
609
0
0
0
207
0
0
15
0
6,370
5,543
18,404
- 6,849
0
0
-2,000
-2,000
16,404
-8,849|**2022**
**2021**
**£**
**£**
**£**
**£**
8,706
0
0
0
0
404
20,000
0
2
3
327
263
29,035
670
138
138
3,713
1,550
250
128
160
160
4,261
1,976
24,774
- 1,306
159
157
623
0
4,296
3,963
607
607
670
609
0
0
0
207
0
0
15
0
6,370
5,543
18,404
- 6,849
0
0
-2,000
-2,000
16,404
-8,849| |---|---|---| |||| |||- 6,849
0
-2,000| |||-8,849|