Charity registration number: 1115068 Lanivet Parish Sport and Recreational Trust (An Unincorporated Charity) Annual Report and Financial Statements for the Year Ended 31" December 2024
Lanivet Parish Sport and Recreational Trust Contents Reference and Administrative Details Trustees, Report Independent Examiner's report Statement of financial activities 2to4 Balance Sheet Notes to the financial statements 8t016
Lanivet Parish Sport and Recreational Trust Reference and Administrative Details Charity name Lanivet Parish Sport and Recreational Trust Charity registration number 1163534 Principal office The One for All Lanivet Parish Community Centre Carters Parc Rectory Road Lanivet Cornwall PL30 5HG Registered office The One for All Lanivet Parish Community Centre Carters Parc Rectory Road Lanivet Cornwall PL30 5HG Trustees Stephen Angwin David Carter Richard Gibbons Michael Hancock Andrew Harris Peter Old (Chairnian) Secretary Sue Carthew Treasurer Julie Angwin Bankers Lloyds Bank 14 Molesworth Street Wadebridge PL27 7DE Independent Examiner Danny Batten BSC. FCPFA DMS Kingfisher House Truro Road Lanivet Cornwall PL30 5HF Page I
Lanivet Parish Sport and Recreational Trust Trustee Report The trustees present their annual report and the financial statements of Lanivet Parish Sport and Recreational Trust for the year ended 31 December 2024. The accounts comply with the Charities Act 2011, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland (FRS 102) effective l January 2015. Governance, Structure & Management The charity is controlled by its governing document, a deed of trust dated 22. June 2006, and constitutes an unincorporated charity. The charity is currently run by a Management Committee of 6 Trustees (the minimum number is 3) and 3 other members, who are appointed for 3 years. The Trust meets 12 times a year The Trustees and members are recruited by way of their wide range of expertise to enhance the decision making of the Trust. Objectives & Activities The objects of the Trust are: To promote for the benefit of Lanivet and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirniity or disablement, financial hardship or social and economic circumstances or for the community at large in the interests of social welfare and with the objects of improving the conditions of life of the said inhabitants Public benefit The Trustees are satisfied that the Charity meets the public benefit through their objectives in consideration of the following: The Charity operates the One for All Lanivet Parish Community Centre (which commenced operations in April 2018) aimed at delivering the following outcomes. Increased social interaction will result in elderly members of the community being less isolated and their well-being will be improved. Young people will be engaged in the local community and less inclined toward antisocial behaviour and feel empowered to contribute to community life. Local people will tackle local issues and create greater community cohesion and resilience Page 2
Lanivet Parish Sport and Recreational Trust Trustee Report Achievements and Performance 2024 was a year of consolidation for the Community Centre with no major capital projects. This gave us the opportunity to review the state of the buildings after 6 years of extensive use and to carry out repairs such as repainting the whole building. The Lanivet Hub continued to grow and increase the number of volunteers The Hub continues to run as a "warn]th bank" to provide affordable food and a warn] space during the winter months. The centre continues to provide vital services to the public including, hearing tests, dementia activities, epilepsy clinics, counselling, pain clinics The transport service continued to grow with both vehicles being in constant use, the Minibus carried 885 passengers on 64 trips with 25 member organisations. The electric vehicle delivered 301 prescriptions, 106 medical appointments and 190 other trips and carried a total of 520 passengers in the year. We continue to operate and emergency grant scheme and working with other agencies in Bodmin and the surrounding area the need for these grants has dramatically increased over the winter period. In 2024 94 grants were given out amounting to £11,990. The Trust was successful in obtaining grants to the value of £61,577 from Volunteer Cornwall, the Governments Levelling Up and the Cornwall Community Foundation. Page 3
Lanivet Parish Sport and Recreational Trust Trustee Report Financial Review Income for the year of £199,448 (2023 £212,468), represented by a reduction in capital grants offset with the increase in income from the Lanivet Hub. Expenditure was £225,336 (2023 190,034) with the increase being catering purchases, extra costs of running the community centre, repairs and upkeep to the building and additional depreciation charges. Reserves policy. The organisation aims to hold 6 months, worth of minimal running costs of the new facility calculated at £13,000, as an unrestricted reserve. The current value of £159,780 is well above this figure. b the Board and signed on its behalf by: Approve Peter Old, Chaim]an Date 9 September 2025 Page 4
Independent Examiner's Report to the Trustees of Lanivet Parish Sport and Recreational Trust I report on the accounts of the charitable company for the year ended 3 1st December 2024, which are set out on pages 6 to 16. Respective responsibilities of trustees and auditors The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit and is eligible for independent examination it is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of Independent Examiner's Statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent Examiner's Statement In connection with my examination, no matter has come to my attention to indicate that: accounting records have not been kept in accordance with section 386 of the Companies Act 2006; the accounts do not accord with such records: where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102) any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts. Date: 9 September 2025 D. M. Batten BSC. FCPFA DMS Kingfisher House, Truro Road, Lanivet, Cornwall PL30 5HF Page 5
Lanivet Parish Sport and Recreational Trust Statement of Financial Activities for the Year Ending 31" December 2024 Restricted income funds Prior year funds Unrestricted funds Total funds Income Income and endowments from: Donations and legacies Charitable activities Investments Total Expenditure Expenditure on: Charitable activities 1,403 174,884 1,403 198,042 4,029 208,436 23,158 176,290 23,158 199,448 212,468 184,763 184,763 40,573 40,573 225,336 225,336 190,034 190,034 Total Net movement infunds (8,473) (17,415) (25,888) 22,434 Reconciliation of funds.. Total funds brought forward Totalfunds carried forward 168,253 846,528 1,014,781 992,347 159,780 829,113 988,893 1,014,781 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 16 fom] an integral part of these financial statements. Page 6
Lanivet Parish Sport and Recreational Trust Balance Sheet as at 31st December 2024 2024 2023 Note Tangible Assets 962,741 989,826 Current Assets Debtors Cash at bank and in hand 10 9,736 23,255 32,991 10,754 30,344 41,098 Creditors: Amounts falling due within one year Net current assets Net assets 11 (16,143) (6,839) 26,152 988,893 24,955 1,014,781 The funds of the charity: Restricted funds 14 829,113 846,528 Unrestricted funds Unrestricted income funds Designated Fund Total unrestricted funds 159,780 168,253 159,780 168,253 Total charity funds 988,893 1,014,781 Approved by the Trustees on.. .9 September 2025 Signed . Peter Old, Chairn]an The notes on pages 8 to 16 forn] an integral part of these financial statements Page 7
Lanivet Parish Sport and Recreational Trust Notes to the Financial Statements for the Year Ended 31, December 2024 l. Accounting policies Basis of accounting The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16th July 2014 and the Charities Act 2011. 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 charity constitutes a public benefit entity as defined by FRS 102. Fund accounting policy Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Restricted fiinds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose Further details of each fund are disclosed in note 14. Income There has been no offsetting of assets and liabilities, or income and expenses, unless required or pern]itted by the FRS102 SORP or FRSIO2. Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate when there is a valid declaration from the donor. Investment income is recognised on a receivable basis. Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract. Expenditure Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Page 8
Lanivet Parish Sport and Recreational Trust Notes to the Financial Statements for the Year Ended 31st December 2024 . continued Costs of raising funds are the costs associated with attracting voluntary income and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them along with governance costs. Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters. Support costs Support costs are those incurred directly in support of expenditure on the objects of the charity and include project management. Fixed assets Individual fixed assets costing £250 or more are initially recorded at cost Depreciation Depreciation is provided on tsngible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: 2 % straight line 15 % straight line 20 % straight line 25 % straight line Land & Buildings Plant and machinery Motor Vehicles Office Equipment Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short terni highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 9
Lanivet Parish Sport and Recreational Trust Notes to the Financial Statements for the Year Ended 31" December 2024 . continued Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are norn]ally recognised at their settlement amount after allowing for any trade discounts due. Financial instruments The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method. Operating leases Rentals payable under operating leases are charged in the statement of financial activities on a straight-line basis over the lease tern]. 2. Income 2.1. Donations and Legacies Unrestricted funds Restricted income funds Total funds Prior year funds Appeals and Donations Gift Aid Tax Reclaimed 1,403 1,403 4,029 1,403 1,403 4,029 Page 10
Lanivet Parish Sport and Recreational Trust Notes to the Financial Statements for the Year Ended 31" December 2024 2.2. Charitable Activities Unrestricted funds Restricted income funds Total funds Prior year funds Grants Volunteer Cornwall Levelling Up Fund Cornwall Community Foundation Awards for All Active Cornwall National Grid Football Foundation Energy Grants Other Grants Total Grants Other Income Lanivet United Charity Fundraising Income Room Hire Pitch Hire Sales Transport Other Income 18,000 18,000 23,158 16,000 21,500 22,873 15,000 9,600 3,380 9,920 1,976 2,342 23,158 16,000 896 2,974 550 38,420 896 2,974 550 61,578 23,158 86,591 350 2,189 47,578 12,266 67,562 3,109 3,410 136,464 174,884 350 2,189 47,578 12,266 67,562 3,109 3,410 136,464 198,042 350 2,166 46,290 15,508 44,228 8,657 4,646 121,845 208,436 Total Income 23,158 2.3. Investments Unrestricted funds Restricted income funds Total funds Prior year funds Interest on Cash Deposits Page 11
Lanivet Parish Sport and Recreational Trust Notes to the Financial Statements for the Year Ended 31" December 2024 3. Expenditure Unrestricted funds Restricted income funds Total 2024 Total 2023 Direct costs Cost of Fundraising 1,595 1,595 775 1,595 1,595 775 Support costs Ground Rent Wages and Salaries Cleaning& Waste Insurance Utilities Repairs and Maintenance Catering Field Upkeep Telephone Office Expenses Transport Licences & Subscriptions Grants Professional Fees Bank Charges Sundry Expenses Depreciation Total Support Costs 350 62,999 6,405 7,181 8,269 15,662 35,979 4,383 870 592 5,478 2,055 28,648 438 1,041 900 1,919 350 78,406 6,405 7,181 8,269 15,662 35,979 4,383 870 592 5,478 2,055 28,648 438 1,041 900 27,086 350 74,376 4,370 6,353 7,881 9,387 24,853 5,418 866 225 5,162 1,135 19,791 1,381 822 119 26,770 15,406 25,167 183,168 40,573 223,741 189,259 Governance Costs The independent examination of the charity's annual accounts Total Governance Costs Total Expenditure 184,763 40,573 225,336 190,034 Page 12
Lanivet Parish Sport and Recreational Trust Notes to the Financial Statements for the Year Ended 31" December 2024 4. Analysis of Grants During the year a small number of grants were received by the Trust and paid over to organisations and individuals. Organisations Individuals Emergency Grant (94 payments) Total 1,115 1,115 11,990 11,990 5. Trustees, remuneration and expenses No trustee received any remuneration or expenses during the current or previous year. 6. Net expenditure Net expenditure is stated after charging: 2024 2023 Examiner's remuneration - Independent Examination of the charity's annual accounts Depreciation 27,086 27,086 26,770 26,770 7. Employee's Remuneration The average number of persons employed by the charity during the year was as follows: 2024 2023 Charitable activities The aggregate payroll costs of these persons were as follows: 2024 2023 Wages and salaries 78,406 74,376 Page 13
Lanivet Parish Sport and Recreational Trust Notes to the Financial Statements for the Year Ended 31" December 2024 8. Tangible Assets Land Plant and Equipment Total and Machinery Buildings Total Cost As at I'january 2024 Additions (Write offj As at 31" December2024 1,037,231 24,984 1,062,215 50,304 24,984 25,320 19,449 1,106,984 19,449 1,106,984 Depreciation As at I" January 2024 Charge for |Year As at 31" December 2024 93,241 21,244 114,485 13,622 2,582 16,204 10,295 3,259 13,554 117,158 27,085 144,243 Net Book Value As at I" January 2024 As at 31" December 2024 943,990 947 730 36,682 9 116 9,154 5,895 989,826 962 741 9. Taxation The company is a registered charity and is, therefore, exempt from taxation. 10. Debtors 2024 2023 Grants Trade Debtors 9,736 9736 10,754 10754 11. Creditors: Amounts falling due within one year 2024 2023 Capital Creditors Accruals and Deferred Income 6,839 6,839 16,143 16,143 Page 14
Lanivet Parish Sport and Recreational Trust Notes to the Financial Statements for the Year Ended 31" December 2024 12. Capital Commitments 2024 2023 Building Contract 13. Related parties The charity is controlled by the trustees and committee members of the Trust 14. Analysis of funds At 1st January 2024 Incoming Resources At 31" Resources Expanded December 2024 General Funds Unrestricted general funds Designated Minibus fund Unrestricted income fund 168,253 176,290 (184,763) 159,780 168,253 176,290 (184,763) 159,780 Restricted Funds Restricted funds spent on capital not yet amortised to the SOFA Big Lottery Awards for All Sita Football Foundation Bernard Sunley Charitable Trust Garfield Weston Foundation Cornwall Community Foundation Playing Fields Legacy Fund Sport England Lanivet Parish Council Lanivet United Charities DEFRA Acre Levelling Up Fund 449,331 24,334 97,533 59,858 13,823 27,648 9,224 14,289 66,845 14,629 43,887 9,753 15,374 846,527 (11,678) (2,076) (2,535) (1,556) (359) (719) (2,362) (371) (1,737) (380) (1,141) (253) (15,406) (40,573) 437,653 22,258 94,998 58,302 13,464 26,929 6,862 13,918 65,108 14,249 42,746 9,500 23,126 829,113 23,158 23,158 Total Funds 1,014,781 199,448 (225,336) 988,893 Page 15
Lanivet Parish Sport and Recreational Trust Notes to the Financial Statements for the Year Ended 31" December 2024 15. Net assets by fund Unrestricted funds Restricted income funds Total funds Prior year funds Fixed Assets Current Assets Creditors: Amounts falling due within one year Net Assets 133,628 32,991 (6,839) 829,113 962,741 32,991 (6,839) (16,143) 989,826 41,098 159,780 829,113 988,893 1014 781 Page 16