Trustees, Annual Report for the period Period start date Period end date 123 2024 From To Section A Reference and administration details Charity name SILSOE COMMUNITY RECREATIONAL TRUST Other namos charity is known by None Registsred charity number (if any) 1162018 Charity's principal address 72 Newbury Lane Silsoe Bedford Postcode MK45 4EX Names of the charity trusteos who manage the eharlty Trustee namè Dat•9 actsd If not for vthole ear cyrice Ilf any) Name of person lor body) entl￿ed toa oint trustee ifan Silsoe Parish Council Silsoe Parish Council lan James Kelly Philip John Kevan David John Swain Trustee Trustee Trustee Whole year Whole year Whole year 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the Gharity, if anyi (for example, any custodian trustees Namo Dates acted rf not for whole ear TAR Marth 2012 Names and addre*ses of advisers (Optional Information) e of adviser Name Addrèss Name of chief executive or names of senior staff membèrs (Optlonal Infonnation Section B Structure, overnance and mana ement Description of the charity's trusts Constitution Type of governing document How the charity is constituted Trust Trustee selection methods Trustees to appoint new trustees save that Silsoe Parish Council has the power to nominate up to 2 trustees (who need not be Parish Councillors}. Addltional governance issues (Optlonal Infomiatlon) You may choose to include additional information, wher6 relevant, about.. poli¢ie$ and procedures adopted for the induction and training of trustees., the charity's organisational structure and any wider ne￿Ork with which the charity works., relationship with any related parties., trustees, consideration of major risks and the system and procedures to manage them. Section C Ob'ectives and activities To promote facilities for recreation or other leisure time occupation for residents of Silsoe, Bedfordshire. Summary of the objects of the charlty set out in its governing document TAR Mafeh 2012 Chief activity, the running and Maintenan￿ of a sports centre and sports facilities. The sports ￿ntre includes a café for use by the community. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) Additional detalls of objectives and aetivities (Optional infomiatson) You may choose to include further statements, where relevant, about.. policy on grantmaking., policy programme related investment,. contribution made by volunteers. TAR March 2012 Section D Achievements and performance The chief activity is the running of a sports ￿ntre with gymnasium, exercise suite and fitness room together with an outdoor mulli-use games area and football pitches. The ￿ntre includes a Gafé whi¢h is open for use by the community at large. Summary of the main achievements of the charity during the year The ￿ntre is open 7 days a week from 6.00 a.m. to 10.p.m. weekdays with shorter hours at the weekends according to season. At the end of the reporting period the number of members (that is to say, users paying a regular monthly or annual membership fee) was 527. In addition there were numerous classes, block bookings and casual users. The centre is well-used With an average footfall during the reporting period of over4,400 users per month. As has been the case Sin￿ it opened the centre is managed on a day-to- day basis by professional managers acting on behalf of the trustees. The managers employ the staff lo run the centre and maintain the building and equipment. The trustees role is to oversee the arrangements and to direct long-term strategy for the benefit of the community and the users. The café is also w811-used, not just for refreshments but also as meeting pla￿ for groups and individuals who wish to socialise. In the reporting period the managers achieved a net operating profit (bui see Section E below). TAR March 2012 Section E Financial review The charity has little in the way of reserves but it is supported by Silsoe Parish Council which has a contigency fund lo which the trustees can apply for support if and when needed. Brlef statement of the charity's policy on r8seNe8 Details of any funds materially in deficit Not applicable Further financial review details {Optional inforniation} A profit-sharrng agreement with the managing company means that the managers bear any operating losses in the first instance. In exchange for this a￿angement the charity only receives rent and a share of profit if Ihere is actually a profit and after losses from earlier periods have been recouped. You may choose to include additional information, where relevant about.. the charity's principal sources of funds {including any fundraising)., how expenditure has supported the key objectives of the charity- investment policy and objectives including any ethical investment policy adopted. In this reporting period (2023-24) the net operating profit after depreciation was £11,278. However, the managing company's management fees together with a share in the head office expenses amounted to £32,004 resulting in a loss overall of £20,726 to be bome by the managing company. A Consequen￿ of this was that the charity received no rent nor any profit share in this reporting period. Section F Other optional information The agreement with the managing company referred lo in Section E above was due to expire on 31 March 2024. Towards the end of the reporting period the managing company lost the contract to run several sports centres in the vicinity putting their business under s6vere strain. The agreement was extended for a further period of 1 year to 31 March 2025 during which time the trustees anticipate they will be obliged to review the whole of the financial arrangements and to negotiate new terms for future arrangements effective from 1 April 2025 onwards. Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Posltion (eg Secretary, Chair, etc) David John Swain Trustee Date 20 January 2025 TAR Marc* 2012 CHARITY COMMISSION FOR E14GLAND AND WALE5 Receipts and pa ments accounts CC16a Fw the ￿rityJ from 0110412023 To 31103r2024 Section A Receipts and payments Unr8Strl¢ted funds Restricted funds Endowment funds Total funds L••t y•ar toth• Th￿r41t toth• n•4r••¢£ toth• nAar••t£ A1 R8C81 Sub tot•l(Gross incomè for AR) A2 Assot and Investmènt lsee tsbl81. Sub total A3Pa monts T?￿phone tNIl1n￿) Fh7wors foidtt *aft 13 qj Sub total 31 41 1.620 A4 Asset and Inv8Stm•nl rchas8S. Sub tt>tal 31 31 1.020 ofr*¢elpwfp•yrngnts) AS Transfors bets¥een fvnds A8 funds last yoar end Cash funds thls Y￿r9￿{l 31 31 1,620 6,038 5,838 CCXX R1 ISSI 2010112025 Section B Statement of assets and liabilities at the end of the period Unrestrlct8d Re$trfctsd lund$ funds to ne4r•tt£ Categories Endovffltent funds to nQ4rKt£ Detfiil% Bardqys Bank s￿0? Total cash funds 5.807 couTht<&ii Unr8Strlctgd funds Rostrlctod lund¥ tr> n4ar•M£ Endowment fund5 tong*•t£ Dotail oJt{opVonrLI CuffM¢v•lu• onal •M•tbolon B3 Inve8tm•nt a88ets FtsndtowhlFh I￿*t bvlon Cobtlopiion41 eurTrntv•lu• on41 B4 Assets r•talngd for the charlty's own u8e Ftyndtowhlch I￿ty51 Duntdu• 35 Llabllltl•$ SlgmJ ty onè 0[￿ tru5tee$on b8half of 811 the trustses Signatu Print Name Date of val Davld Jtht) S￿In 20.1.25 CCXX R28ccountÈ ISSI 20101f2025