2025-05-31-accounts - The Youngs Community Sports Trust

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Company registration number: 08071759 Charity registration number: 1151065

THE YOUNGS COMMUNITY SPORTS TRUST TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

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Steve Pye & Co.
Unit 10 Aylsham Business Park
Richard Oakes Road
Aylsham
Norfolk
[°] NR11 6FD
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The Youngs Community Sports Trust Contents

	Page
Trustees' Report	1—3
Independent Examiner's Report	4
Statement of Financial Activities (including Income and Expenditure Account)	5
Comparative Statement of Financial Activities (including Income and Expenditure Account)	6
Balance Sheet	7
Notes to the Financial Statements	8—11
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities (including Income and Expenditure Account)	12

The Youngs Community Sports Trust Company No. 08071759 Trustees' Report For The Year Ended 31 May 2025

The trustees present their report and the financial statements for the year ended 31 May 2025.

Objectives and Activities

Aims and Objectives

The objects of the charity are:

to provide, for the promotion of community participation in healthy recreation for the benefit of the inhabitants of Aylsham, Norfolk and the surrounding area, in particular by the provision of facilities for playing football, cricket and other sports.

to promote, for the benefit of the inhabitants of Aylsham, Norfolk and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need for such facilities by the reason of 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.

Public Benefit

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Main Achievements

The community sports facilities know as "Youngs Park" have been utilised by the people of Aylsham and the wider community throughout the financial year, and continues to provide a valuable recreation space promoting fitness, health and well-being across a range of activities including football, running, karate, NHS community education, rehabilitaion and recovery (Heart and Diabietes), fitness, dance, and slimming classes.

The Trustees have successfully operationalised and integrated the new 3G pitch with floodlights since the formal opening in September 2024. Revenue generated in the 9 months since opening has exceeded expectations.

Financial Review

Financial Position

Total income amounted to £53,660 (2024 - £830,284) and after incurring expenditure of £61,475 (2024 - £45,089), net expenditure amounted to £7,815 (2024 - net income £785,195).

At the year end the charity had total unrestricted fund of £2,732,084 (2024 - £2,741,737) principally consisting of freehold property , being Youngs Park.

Reserves Policy

Following the completion and opening of the 3G pitch with floodlights in September 2024, there is a Football Foundation grant funding requirement to reserve £260,000 over the next 10 years to a sinking fund.

In addition to an annual improvement and maintenance plan funded through the subsidiary company an agreed amount will be ringfenced annually to provide a contingency reserve for any unforeseen major building or site remedial works to ensure the safeguarding of assets and facilities for future generations.

The remaining reserves will be used at the discretion of the Trustees towards developing Youngs Park.

Free reserves amounted to £71,865 (2024 - £40,024)

Plans for future periods

The subsidiary company, Aylsham Community Sports Limited, relies on the usage of the Youngs Park facilities by community groups. Following the successful project implementation of the 3G pitch with floodlights, attention is now focused on external funding for the following projects:

To redesign, refurbish and extend the kitchen area.
To significantly reduce electricity costs through a solar panel and battery solution.

Structure, Governance and Management

Page 1

The Youngs Community Sports Trust Trustees' Report (continued) For The Year Ended 31 May 2025

Governing Document

The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 16 May 2012.

The charity is constituted under a Memorandum of Association dated 16 May 2012 and is registered charity 1151065.

Trustee Selection Methods

The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association.

Induction and training of trustees

All new trustees are provided with copies of:

The Memorandum and Articles of Association

The latest accounts of the Charity

and are advised to read Charity Commission guidance notes CC3 - The Essetial Trustee. In addition Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.

Reference and Administrative Details

Trustees

Mr Mark Daniels Mr Ian Potter Mr William Youngs Mr Stephen French Mr Angus Bates (appointed 12/02/2026)

Charity Number

1151065

Company Number

08071759

Registered Office

Unit 10 Aylsham Business Park Richard Oakes Road Aylsham Norfolk NR11 6FD

Independent Examiner

Liam McHugh Steve Pye & Co. Unit 10 Aylsham Business Park Richard Oakes Road Aylsham Norfolk NR11 6FD

Page 2

The Youngs Community Sports Trust Trustees' Report (continued) For The Year Ended 31 May 2025

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr Stephen French Trustee 25 February 2026

Page 3

The Youngs Community Sports Trust Independent Examiner's Report to the Trustees of The Youngs Community Sports Trust For The Year Ended 31 May 2025

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2025.

Responsibilities and Basis of Report

As the charity 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:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
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
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.

Liam McHugh 25 February 2026 Unit 10 Aylsham Business Park Richard Oakes Road Aylsham Norfolk NR11 6FD

Page 4

The Youngs Community Sports Trust Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 May 2025

Unrestricted funds £ 34,987	Restricted funds £ 18,673	31 May 2025 Total funds £ 53,660	31 May 2024 Total funds £ 830,284
(50,655)	(10,820)	(61,475)	(45,089)
(15,668) 6,015	7,853 (6,015)	(7,815) -	785,195 -
(9,653) 2,741,737	1,838 3,188	(7,815) 2,744,925	785,195 1,959,730
2,732,084	5,026	2,737,110	2,744,925

The notes on pages 8 to 11 form part of these financial statements.

Page 5

The Youngs Community Sports Trust Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 May 2025

Unrestricted funds £ 7,933	Restricted funds £ 822,351	31 May 2024 Total funds £ 830,284
(32,729)	(12,360)	(45,089)
(24,796) 808,793	809,991 (808,793)	785,195 -
783,997 1,957,740	1,198 1,990	785,195 1,959,730
2,741,737	3,188	2,744,925

The notes on pages 8 to 11 form part of these financial statements.

Page 6

The Youngs Community Sports Trust Balance Sheet As At 31 May 2025

Unrestricted funds £ 2,660,119 100	Restricted funds £ - -	31 May 2025 Total funds £ 2,660,119 100	31 May 2024 Total funds £ 2,701,613 100
2,660,219 89,302 15,964	- 5,026 -	2,660,219 94,328 15,964	2,701,713 340,086 182,404
105,266 (33,401)	5,026 -	110,292 (33,401)	522,490 (479,278)
71,865	5,026	76,891	43,212
2,732,084	5,026	2,737,110	2,744,925
2,732,084	5,026	2,737,110	2,744,925
		5,026 2,732,084	3,188 2,741,737
		2,737,110	2,744,925

For the year ending 31 May 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Stephen French

Trustee 25 February 2026

The notes on pages 8 to 11 form part of these financial statements.

Page 7

The Youngs Community Sports Trust Notes to the Financial Statements For The Year Ended 31 May 2025

1. General Information

The Youngs Community Sports Trust is a company limited by guarantee, incorporated in England & Wales, registered number 08071759 and registered charity number 1151065. The registered office is Unit 10 Aylsham Business Park, Richard Oakes Road, Aylsham, Norfolk, NR11 6FD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements 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 Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Exemption From Preparing Consolidated Financial Statements

The charitable company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the charitable company as an individual entity and not about its group.

2.3. Going Concern Disclosure

The trustees have identified material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.4. Significant judgements and estimations

The preparation of the financial statements requires management to make judgments, estimates and assumptions that effect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

2.5. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Plant & Machinery	25% straight line
Fixtures & Fittings	20% straight line

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Net Income/(Expenditure)

The net (expenditure)/income is stated after charging/(crediting):

	31 May	2025 31 May 2024	2025 31 May 2024
	£		£
Depreciation of tangible fixed assets - owned	44,962		29,340
Gain/Loss on disposal of tangible fixed assets		(400)	2,175

Page 8

The Youngs Community Sports Trust Notes to the Financial Statements (continued) For The Year Ended 31 May 2025

4. Independent Examiner's Remuneration

. Independent Examiner's Remuneration
	31	May	2025	31	May	2024
		£			£
Independent examination of the financial statements			610			950

5. Average Number of Employees

Average number of employees during the year was: NIL (2024: NIL)

6. Tangible Assets

Land & Property Freehold £ 2,856,426 -	Plant & Machinery £ 62,933 3,468	Fixtures & Fittings £ 10,113 -	Total £ 2,929,472 3,468
2,856,426	66,401	10,113	2,932,940
177,210 37,629	40,536 7,333	10,113 -	227,859 44,962
214,839	47,869	10,113	272,821
2,641,587	18,532	-	2,660,119
2,679,216	22,397	-	2,701,613

Included in the freehold property is freehold land valued at £975,000 which is not depreciated.

The Football Foundation hold a charge over the freehold property known as the Community Sports Facilities Land at Aylsham, Norfolk, including any buildings and equipment thereon.

The English Sports Council holds a charge over the freehold property known as the Community Sports Facilities Land in Aylsham, Norfolk.

7. Investments

Cost or Valuation As at 1 June 2024 As at 31 May 2025 Provision As at 1 June 2024 As at 31 May 2025 Net Book Value As at 31 May 2025 As at 1 June 2024	Unlisted £ 100
	100
	-
	-
	100
	100

Page 9

The Youngs Community Sports Trust Notes to the Financial Statements (continued) For The Year Ended 31 May 2025

Subsidiaries

Details of the charitable company's subsidiaries as at 31 May 2025 are as follows:

Name of undertaking Registered Office Class of shares held Direct holding Aylsham Community Sports Limited Unit 10 Aylsham Business Park, Richard Oakes Road, Aylsham, Norfolk NR11 6FD Ordinary 100.00% The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows: Capital and Reserves £ Aylsham Community Sports Limited 100 8. Debtors 31 May 2025 £ Due within one year Amounts owed by group undertakings 67,137 Other debtors 27,191 94,328 9. Creditors: Amounts Falling Due Within One Year 31 May 2025 £ Trade creditors 5,538 Accruals and deferred income 27,863 33,401 10. Movement in Funds As at 1 June 2024 Income Expenditure Transfers £ £ £ £ Unrestricted funds General: General unrestricted fund 2,741,737 34,987 (50,655) (22,485) Designated: 3G pitch sinking fund - - - 26,000 Contingency fund - - - 2,500 - - - 28,500 Total unrestricted funds 2,741,737 34,987 (50,655) 6,015 Restricted funds	Name of undertaking Registered Office Class of shares held Direct holding Aylsham Community Sports Limited Unit 10 Aylsham Business Park, Richard Oakes Road, Aylsham, Norfolk NR11 6FD Ordinary 100.00% The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows: Capital and Reserves £ Aylsham Community Sports Limited 100 8. Debtors 31 May 2025 £ Due within one year Amounts owed by group undertakings 67,137 Other debtors 27,191 94,328 9. Creditors: Amounts Falling Due Within One Year 31 May 2025 £ Trade creditors 5,538 Accruals and deferred income 27,863 33,401 10. Movement in Funds As at 1 June 2024 Income Expenditure Transfers £ £ £ £ Unrestricted funds General: General unrestricted fund 2,741,737 34,987 (50,655) (22,485) Designated: 3G pitch sinking fund - - - 26,000 Contingency fund - - - 2,500 - - - 28,500 Total unrestricted funds 2,741,737 34,987 (50,655) 6,015 Restricted funds	Name of undertaking Registered Office Class of shares held Direct holding Aylsham Community Sports Limited Unit 10 Aylsham Business Park, Richard Oakes Road, Aylsham, Norfolk NR11 6FD Ordinary 100.00% The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows: Capital and Reserves £ Aylsham Community Sports Limited 100 8. Debtors 31 May 2025 £ Due within one year Amounts owed by group undertakings 67,137 Other debtors 27,191 94,328 9. Creditors: Amounts Falling Due Within One Year 31 May 2025 £ Trade creditors 5,538 Accruals and deferred income 27,863 33,401 10. Movement in Funds As at 1 June 2024 Income Expenditure Transfers £ £ £ £ Unrestricted funds General: General unrestricted fund 2,741,737 34,987 (50,655) (22,485) Designated: 3G pitch sinking fund - - - 26,000 Contingency fund - - - 2,500 - - - 28,500 Total unrestricted funds 2,741,737 34,987 (50,655) 6,015 Restricted funds	Name of undertaking Registered Office Class of shares held Direct holding Aylsham Community Sports Limited Unit 10 Aylsham Business Park, Richard Oakes Road, Aylsham, Norfolk NR11 6FD Ordinary 100.00% The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows: Capital and Reserves £ Aylsham Community Sports Limited 100 8. Debtors 31 May 2025 £ Due within one year Amounts owed by group undertakings 67,137 Other debtors 27,191 94,328 9. Creditors: Amounts Falling Due Within One Year 31 May 2025 £ Trade creditors 5,538 Accruals and deferred income 27,863 33,401 10. Movement in Funds As at 1 June 2024 Income Expenditure Transfers £ £ £ £ Unrestricted funds General: General unrestricted fund 2,741,737 34,987 (50,655) (22,485) Designated: 3G pitch sinking fund - - - 26,000 Contingency fund - - - 2,500 - - - 28,500 Total unrestricted funds 2,741,737 34,987 (50,655) 6,015 Restricted funds	Indirect holding - Profit/(loss) £ 34,387 31 May 2024 £ 28,896 311,190
				340,086
				31 May 2024 £ 264,952 214,326
				479,278
				As at 31 May 2025 £ 2,703,584 26,000 2,500
-	-	-	28,500	28,500
2,741,737	34,987	(50,655)	6,015	2,732,084

...CONTINUED

Page 10

The Youngs Community Sports Trust Notes to the Financial Statements (continued) For The Year Ended 31 May 2025

3,188 -	12,658 6,015	(10,820) -	- (6,015)	5,026 -
3,188	18,673	(10,820)	(6,015)	5,026

2,744,925	53,660	(61,475)	-	2,737,110
As at 1 April 2023 £ 1,957,740 1,990 - -	Income £ 7,933 13,558 794,816 13,977	Expenditure £ (32,729) (12,360) - -	Transfers £ 808,793 - (794,816) (13,977)	As at 31 May 2024 £ 2,741,737 3,188 - -
1,990	822,351	(12,360)	(808,793)	3,188

1,959,730	830,284	(45,089)	-	2,744,925

Pitch grants - Funding received from The Football Foundation towards pitch repairs and maintenance.

3G Grants - Grants received from The Football Foundation, Greater Norwich Growth Board, and Broadland District Council towards a new 3G pitch.

3G Fundraising - Other donations towards new 3G pitch.

11. Related Party Disclosures

Aylsham Community Sports Limited

Aylsham Community Sports Limited, of which Mr I Potter and Mr S French were directors, is a 100% subsidiary of The Youngs Community Sports Trust.

During the year the charity received donations from Aylsham Community Sports Limited of £34,387 (2024 - £7,933). At the year end the subsidiary company owed £67,137 (2024 - 28,896).

12. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.

Page 11

The Youngs Community Sports Trust Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 May 2025

INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts Donations from Aylsham Community Sports Limited Fundraising Grants EXPENDITURE ON: Charitable Activities: Charitable activities Pitch repairs and maintenance Repairs, renewals and maintenance Legal fees Bank charges Sundry expenses Depreciation Surplus/(deficit) on disposal of tangible fixed assets Independent examiner's fees NET (EXPENDITURE)/INCOME	31 May 2025 Total funds £ 600 34,387 6,015 12,658	31 May 2024 Total funds £ - 7,933 13,977 808,374
	53,660	830,284
	53,660 (10,820) (392) (5,048) (9) (34) (44,962) 400 (610)	830,284 (12,360) - - (264) - (29,340) (2,175) (950)
	(61,475)	(45,089)
	(61,475)	(45,089)
	(7,815)	785,195

Page 12