**REGISTERED COMPANY NUMBER: 06947859 (England and Wales) REGISTERED CHARITY NUMBER: 1140010**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 JUNE 2025**
## **FOR**
**THE CHERITON ROAD SPORTS GROUND TRUST (A COMPANY LIMITED BY GUARANTEE)**
McCabe Ford Williams Chartered Accountants Charlton House Dour Street DOVER Kent CT16 1BL
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**|6|to|7|
|**Notes to the Financial Statements**|8|to|17|
|**Detailed Statement of Financial Activities**||18||
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2025**
|**TRUSTEES**|B Geddes (resigned 1.7.25)|
|---|---|
||S Shaw|
||N M Bristow|
||A J Fernandes|
||S W Ireland (resigned 1.7.25)|
||R Burke|
||T H Eke|
||J A Douse|
||V S Baxter|
||C P Childs (resigned 10.9.25)|
||Ms J Krayenbrink (appointed 1.7.25)|
|**REGISTERED OFFICE**|1-2 Rhodium Point Hawkinge Business Park|
||Spindle Close|
||Hawkinge|
||FOLKESTONE|
||Kent|
||CT18 7TQ|
|**REGISTERED COMPANY**|06947859 (England and Wales)|
|**NUMBER**||
|**REGISTERED CHARITY**|1140010|
|**NUMBER**||
|**INDEPENDENT EXAMINER**|McCabe Ford Williams|
||Chartered Accountants|
||Charlton House|
||Dour Street|
||DOVER|
||Kent|
||CT16 1BL|
|**BANKERS**|Lloyds Bank plc|
||43 Sandgate Road|
||FOLKESTONE|
||Kent|
||CT20 1RZ|
Page 1
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives**
The charitable company's objects are:
a) the promotion of community participation in healthy recreation in particular by the provision of facilities for the playing of cricket, hockey, netball, football and athletics;
b) to promote for the benefit of the inhabitants of Folkestone 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, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.
In determining the charitable company's objectives and aims, the trustees have had due regard to the Charity Commission's guidance on public benefit.
## **Significant activities**
The facility has continued to be managed by CRSGT through the operating company Three Hills Sports Park Ltd.
Three Hills Sports Park (with Directors from Folkestone Optimist Hockey Club, Folkestone Cricket Club, The Sports Trust and Folkestone Running and Athletics Club) formed in June 2016 and during the current year has continued to improve efficiency of operations and expand the business. The terms of the agreement with Three Hills Sports Park remain aligned to the charitable company's objectives.
CRSGT trustees hold monthly operations meetings with the Three Hills site manager and team, to review and support current operations and ensure that excellent service levels at Three Hills Sports Park continue to be provided, complying with health, safety and environmental legislation and all licence conditions.
Usage of the external and internal sports surfaces remains at high levels with a continued wide range of ages, sports and community groups using the facility, and the number of sports accommodated at the facility continues to increase.
Bar usage increases year on year and an emphasis on customer relations for Front of House staff is paying dividends on bar takings.
Three Hills Sports Park have completed their annual programme of inspection and maintenance of our assets, completing repairs and replacing assets as required. Significant investment on essential repairs had been made most notably on a major lift refurbishment and on Fire Door upgrades across the site.
CRSGT has continued to work with The Roger De Haan Charitable Trust (RDHCT) on the delivery of the enclosed eight lane athletics track, adjacent to the current site. The track is now being regularly used by Folkestone Running and Athletics Club whilst resolution of outstanding Planning Conditions are being progressed.
Padelstars Ltd have constructed three Padel Courts on the site on an area that was largely unused and a mutually beneficial contract is now in place which will increase CRSGT income boosting the Maintenance Fund.
## **FINANCIAL REVIEW**
## **Financial position**
The development of the The Three Hills Sports Park (formerly Cheriton Road Sports Ground ) has been funded by restricted donations.
At the year end the charitable company had total reserves of £5,996,370 (2024 - £6,206,351) of which £5,605,339 (2024 - £5,796,833) were restricted funds. Unrestricted income reserves amounted to £391,031 (2024 - £409,519).
Page 2
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025**
## **FINANCIAL REVIEW**
## **Reserves policy**
In accordance with good practice, the trustees have adopted a reserves policy that the unrestricted reserves are sufficient to cover the charitable company's expenses for a period of, approximately, six months. The trustees consider that the balance held in unrestricted reserves is sufficient to meet the expenses of the charitable company over the next six months.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a memorandum and articles of association dated 30 June 2009 as amended by special resolutions dated 15 April 2010, 16 January 2011 and 25 June 2020, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
There shall be at least nine trustees of which three shall be ordinary members of the Folkestone Optimist Hockey Club, three shall be ordinary members of the Folkestone Cricket Club and three shall be ordinary members of Folkestone Running Club. At any time the number of trustees representing each club shall be equal. Applications for membership are considered by the trustees.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charitable company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
S Shaw - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHERITON ROAD SPORTS GROUND TRUST**
## **Independent examiner's report to the trustees of The Cheriton Road Sports Ground Trust ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 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 carried 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**
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 386 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.
I D Pascall FCA
McCabe Ford Williams Chartered Accountants Charlton House Dour Street DOVER Kent CT16 1BL
Date: .............................................
Page 4
## **THE CHERITON ROAD SPORTS GROUND TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**Charitable activities**
5
Development of Cheriton Road Sports Ground
Investment income
4
**Total**
**EXPENDITURE ON**
**Charitable activities**
6
Development of Cheriton Road Sports Ground
Governance costs
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
24,500
-
20,011
44,511
59,500
3,500
63,000
(18,489)
409,519
391,030|Restricted
funds
£
-
45,272
-
45,272
236,764
-
236,764
(191,492)
5,796,832
5,605,340|30.6.25
Total
funds
£
24,500
45,272
20,011
89,783
296,264
3,500
299,764
(209,981)
6,206,351
5,996,370|30.6.24
Total
funds
£
10,000
143,354
40,352
193,706
247,232
3,500
250,732
(57,026)
6,263,377
6,206,351|
|---|---|---|---|---|
The notes form part of these financial statements
Page 5
## **THE CHERITON ROAD SPORTS GROUND TRUST**
## **BALANCE SHEET 30 JUNE 2025**
|Notes
**FIXED ASSETS**
Tangible assets
11
Investments
12
**CURRENT ASSETS**
Debtors: amounts falling due within one year
13
Cash in hand
**CREDITORS**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|30.6.25
£
5,855,979
1
5,855,980
117,897
47,947
165,844
(25,454)
140,390
5,996,370
5,996,370
391,031
5,605,339
5,996,370|30.6.24
£
6,066,633
1
6,066,634
128,060
28,353
156,413
(16,696)
139,717
6,206,351
6,206,351
409,519
5,796,832
6,206,351|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.
## The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
## **THE CHERITON ROAD SPORTS GROUND TRUST**
## **BALANCE SHEET - continued 30 JUNE 2025**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. S Shaw - Trustee
The notes form part of these financial statements
Page 7
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025**
## **1. STATUTORY INFORMATION**
The Cheriton Road Sports Ground Trust is a public benefit entity and an incorporated charitable company, limited by guarantee, registered in England and Wales.The charity number and registered office can be found on the Reference and Administrative Details page.
The charitable company's principal place of business is The Three Hills Sports Park, Cheriton Road, Folkestone, Kent, CT19 5JU.
The financial statements are prepared in sterling which is the functional currency of the charitable company.
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention
## **Preparation of consolidated financial statements**
The financial statements contain information about The Cheriton Road Sports Ground Trust as an individual company and do not contain consolidated financial information as the parent of a group. The charitable company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
## **Going Concern**
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern for the foreseeable future.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Significant judgements and estimates**
The preparation of the financial statements requires the trustees to make estimates and assumptions that affect the amounts reported in the financial statements. The trustees believe that the critical accounting policies where judgements or estimates are necessarily applied are summarised below:
## - **Depreciation and residual values**
The trustees have reviewed the asset lives and associated residual values of all fixed asset classes, and have concluded that asset lives and residual values are appropriate.
## - **Loan to subsidiary**
One of the assessments made in these financial statements relates to the recoverability of a loan of £103,945 to the subsidiary undertaking, which is interest free. The assessment is based on a review of the subsidiary's business plan, and the trustees consider the loan to be recoverable.
## **Income**
All income is recognised in the Statement of Financial Activities once the charitable company has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
continued...
Page 8
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **2. ACCOUNTING POLICIES - continued**
## **Income**
Goods and services donated to the charitable company are only recognised when they are material to the financial statements, otherwise the trustees do not consider it practical to value these goods and services. Gift aid is accounted for as and when received.
## **Grants**
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs is recognised in income in the period in which it becomes receivable.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
The long leasehold property comprises expenditure on a pavilion and sports hall together with artificial pitches and cricket pitches. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Pavilion and sports hall - At 2% per annum on cost Artificial pitches - At between 4% and 10% per annum on cost Cricket pitches - At 20% per annum on cost The plant, machinery and equipment - At 10% per annum on cost Furniture, fittings and equipment - At 10% per annum on cost Storage building - At 10% per annum on cost
No depreciation is provided on costs so far incurred in connection with the athletics track. Appropriate depreciation will be provided when the track is completed.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 9
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
|**3.**
**DONATIONS AND LEGACIES**
Donations
**4.**
**INVESTMENT INCOME**
Rents receivable
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Development of Cheriton Road Sports
Grants
Ground
**6.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Development of Cheriton Road Sports
Ground
296,264
Governance costs
-
296,264
A further breakdown of charitable activities costs is shown in the detailed statement of
**7.**
**SUPPORT COSTS**|30.6.25
30.6.24
£
£
24,500
10,000
30.6.25
30.6.24
£
£
20,011
40,352
30.6.25
30.6.24
£
£
45,272
143,354
Support
costs (see
note 7)
Totals
£
£
-
296,264
3,500
3,500
3,500
299,764
financial activities.|30.6.24
£
10,000
30.6.24
£
40,352
30.6.24
£
143,354|
|---|---|---|
|||Totals
£
296,264
3,500|
|||299,764|
||2025|2024|
|---|---|---|
||£|£|
|Governance costs:|||
|Accountancy fees|1,750|1,750|
|Independent Examination fee|1,750|1,750|
||||
||3,500|3,500|
||||
|**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Accountancy fees
Independent examination
Depreciation - owned assets|30.6.25
£
1,750
1,750
238,910|30.6.24
£
1,750
1,750
172,498|
## **8. NET INCOME/(EXPENDITURE)**
continued...
Page 10
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There was no trustees' remuneration for the year ended 30 June 2025 nor for the year ended 30 June 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
During the year £nil (2024: £123) was repaid to the trustee Mr S Shaw in respect of expenses.
## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Development of Cheriton Road Sports Ground
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Development of Cheriton Road Sports Ground
Governance costs
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
10,000
-
40,352
50,352
103,510
3,500
107,010
(56,658)
466,177
409,519|Restricted
funds
£
-
143,354
-
143,354
143,722
-
143,722
(368)
5,797,200
5,796,832|Total
funds
£
10,000
143,354
40,352
193,706
247,232
3,500
250,732
(57,026)
6,263,377
6,206,351|
|---|---|---|---|
continued...
Page 11
## **THE CHERITON ROAD SPORTS GROUND TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **11. TANGIBLE FIXED ASSETS**
|**COST**
At 1 July 2024
Additions
At 30 June 2025
**DEPRECIATION**
At 1 July 2024
Charge for year
At 30 June 2025
**NET BOOK VALUE**
At 30 June 2025
At 30 June 2024
**12.**
**FIXED ASSET INVESTMENTS**|Long
leasehold
£
8,175,356
16,638
8,191,994
2,303,038
209,162
2,512,200
5,679,794
5,872,318|Plant,
machinery
and
equipment
£
664,231
11,618
675,849
470,963
29,539
500,502
175,347
193,268|Computer
equipment
£
2,093
-
2,093
1,046
209
1,255
838
1,047|Totals
£
8,841,680
28,256|
|---|---|---|---|---|
|||||8,869,936|
|||||2,775,047
238,910|
|||||3,013,957|
|||||5,855,979|
|||||6,066,633|
||||||
||Shares in
group|
|---|---|
||undertakings|
||£|
|**COST**||
|At 1 July 2024 and 30 June 2025|1|
|||
|**NET BOOK VALUE**||
|At 30 June 2025|1|
|||
|||
|At 30 June 2024|1|
|||
Investments in group undertakings are recognised at cost. Details of the investment are as follows:-
## **CRSGT (Trading) Limited - (REGISTERED NUMBER: 07810748)**
Nature of business: Site management of the Three Hills Sports Park
||%|||
|---|---|---|---|
|Class of share:|holding|||
|Ordinary|100|||
|||2025|2024|
|||£|£|
|Aggregate capital and reserves||(43,676)|(70,989)|
|Profit for the year||27,313|38,644|
continued...
Page 12
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Amounts owed by subsidiary undertaking
Sundry debtors
VAT
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Unrestricted
Restricted
fund
funds
£
£
Fixed assets
351,733
5,504,246
Investments
1
-
Current assets
47,342
118,502
Current liabilities
(8,045)
(17,409)
391,031
5,605,339|30.6.25
£
103,945
6,833
7,119
117,897
30.6.25
£
21,180
4,274
25,454
30.6.25
Total
funds
£
5,855,979
1
165,844
(25,454)
5,996,370|30.6.24
£
101,300
21,062
5,698
128,060
30.6.24
£
1,087
15,609
16,696
30.6.24
Total
funds
£
6,066,633
1
156,413
(16,696)|
|---|---|---|
|||6,206,351|
## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
## **16. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Cheriton Road Sports Ground
Development Fund
Athletics Track
Athletics Equipment
**TOTAL FUNDS**|At 1.7.24
£
409,519
4,383,180
1,118,657
294,995
5,796,832
6,206,351|Net
movement
in funds
£
(18,488)
(198,711)
8,856
(1,638)
(191,493)
(209,981)|At
30.6.25
£
391,031
4,184,469
1,127,513
293,357|
|---|---|---|---|
||||5,605,339|
||||5,996,370|
continued...
Page 13
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **16. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Cheriton Road Sports Ground
Development Fund
Athletics Track
Athletics Equipment
**TOTAL FUNDS**|Incoming
resources
£
44,511
30,487
14,785
-
45,272
89,783|Resources
Movement
expended
in funds
£
£
(62,999)
(18,488)
(229,198)
(198,711)
(5,929)
8,856
(1,638)
(1,638)
(236,765)
(191,493)
(299,764)
(209,981)|Resources
Movement
expended
in funds
£
£
(62,999)
(18,488)
(229,198)
(198,711)
(5,929)
8,856
(1,638)
(1,638)
(236,765)
(191,493)
(299,764)
(209,981)|
|---|---|---|---|
||||(191,493)|
||||(209,981)|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Cheriton Road Sports Ground
Development Fund
Athletics Track
Athletics Equipment
**TOTAL FUNDS**|At 1.7.23
£
466,177
4,516,167
983,905
297,128
5,797,200
6,263,377|Net
movement
in funds
£
(56,658)
(132,987)
134,752
(2,133)
(368)
(57,026)|At
30.6.24
£
409,519
4,383,180
1,118,657
294,995|
|---|---|---|---|
||||5,796,832|
||||6,206,351|
continued...
Page 14
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Cheriton Road Sports Ground
Development Fund
Athletics Track
Athletics Equipment
**TOTAL FUNDS**|Incoming
resources
£
50,352
4,000
139,354
-
143,354
193,706|Resources
Movement
expended
in funds
£
£
(107,010)
(56,658)
(136,987)
(132,987)
(4,602)
134,752
(2,133)
(2,133)
(143,722)
(368)
(250,732)
(57,026)|Resources
Movement
expended
in funds
£
£
(107,010)
(56,658)
(136,987)
(132,987)
(4,602)
134,752
(2,133)
(2,133)
(143,722)
(368)
(250,732)
(57,026)|
|---|---|---|---|
||||(368)|
||||(57,026)|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Cheriton Road Sports Ground
Development Fund
Athletics Track
Athletics Equipment
**TOTAL FUNDS**|At 1.7.23
£
466,177
4,516,167
983,905
297,128
5,797,200
6,263,377|Net
movement
in funds
£
(75,146)
(331,698)
143,608
(3,771)
(191,861)
(267,007)|At
30.6.25
£
391,031
4,184,469
1,127,513
293,357|
|---|---|---|---|
||||5,605,339|
||||5,996,370|
Page 15
continued...
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **16. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Cheriton Road Sports Ground
Development Fund
Athletics Track
Athletics Equipment
**TOTAL FUNDS**|Incoming
resources
£
94,863
34,487
154,139
-
188,626
283,489|Resources
Movement
expended
in funds
£
£
(170,009)
(75,146)
(366,185)
(331,698)
(10,531)
143,608
(3,771)
(3,771)
(380,487)
(191,861)
(550,496)
(267,007)|
|---|---|---|
## General Fund
General funds comprise those funds that the trustees are free to use in accordance with the charitable company's objects.
## Cheriton Road Sports Ground Development Fund
The Cheriton Road Sports Ground Development Fund represents donations received from The Roger De Haan Charitable Trust for the initial building costs and subsequent snagging costs in respect of the sports ground. This fund also includes other small donations and grants received for the development of the sports ground. Depreciation is charged to resources expended in respect of the restricted fixed assets of the fund.
## Athletics Track
The Athletics Track fund represents a substantial grant from The Roger de Haan Charitable Trust, and grants from other organisations, to fund the construction and fitting-out of an eight-lane athletics facility at the Three Hills Sport Ground.
## Athletics Equipment
The Athletics Equipment fund represents donations and grants received for new athletics equipment for the athletics track.
## **17. CONTINGENT LIABILITIES**
The charitable company and Shepway District Council received a grant of £514,018 in 2015 from The Football Foundation towards the cost of a floodlit 3G artificial grass pitch. Should there be a breach of the terms and covenants set by The Football Foundation then the charitable company is required to repay the entire grant. The Football Foundation has been granted a charge over the charitable company's leasehold property.
The charitable company has agreed to undertake financial support of Three Hills Sports Park which at 31 October 2024 had net assets of £116,912 (2023 net assets- £126,430). The accounts for the year end 31 October 2025 are not available at date of reporting.
Under a group registration, the charitable company is jointly and severally liable for VAT. No sum was due to HM Revenue and Customs at 30 June 2025.
Page 16
continued...
**THE CHERITON ROAD SPORTS GROUND TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **18. CAPITAL COMMITMENTS**
There were no capital commitments at the year end 30 June 2025.
## **19. RELATED PARTY DISCLOSURES**
The charitable company rents the long leasehold property to the subsidiary company, CRSGT (Trading) Limited. The rent charged in the year was £20,011 (2024- £40,352).
There were no other related party transactions for the year ended 30 June 2025.
## **20. COMPANY LIMITED BY GUARANTEE**
The charitable company is limited by guarantee and has no share capital. Every member of the charitable company undertakes, in the event of winding up of the charitable company, to contribute such amount as may be necessary not exceeding £1 each.
Page 17
## **THE CHERITON ROAD SPORTS GROUND TRUST**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025**
||||30.6.25|30.6.24|
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|**INCOME AND ENDOWMENTS**|||||
|**Donations and legacies**|||||
|Donations|24,500|-|24,500|10,000|
|**Investment income**|||||
|Rents receivable|20,011|-|20,011|40,352|
|**Charitable activities**|||||
|Grants|-|45,272|45,272|143,354|
|**Total incoming resources**|44,511|45,272|89,783|193,706|
|**EXPENDITURE**|||||
|**Charitable activities**|||||
|Adjustment for insurance costs|-|-|-|58,852|
|Sundry expenses|21|-|21|220|
|Repairs and ground maintenance|26,313|28,639|54,952|15,022|
|Bank charges|173|-|173|161|
|Professional fees|136|2,072|2,208|479|
|Depreciation - long leasehold|10,453|198,709|209,162|136,056|
|Depreciation - plant, machinery and equipment|22,194|7,345|29,539|36,233|
|Depreciation - computer equipment|209|-|209|209|
||59,499|236,765|296,264|247,232|
|**Support costs**|||||
|**Governance costs**|||||
|Accountancy and independent examination fees|3,500|-|3,500|3,500|
|Total resources expended|62,999|236,765|299,764|250,732|
|**Net (expenditure)/income**|(18,488)|(191,493)|(209,981)|(57,026)|
This page does not form part of the statutory financial statements
Page 18