REGISTERED CHARrrY NUPaBER: 1164556 REPORT OF TrE TRUSTEES AND UNAUDITED ANANCIAL STAT&MENTS FOR THE YEAR ENDED 31 IAARCH 2024 MERIDEN spoKrs AND RECREATK)N TRUST 1 HorMr Road Sc4h B91 3QG
MERIDEN SPORTS APK) IECREAnON TRUST ¢(TENTs OF THE FI4cIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 R•fw0n and Admlnlstr•tlv• D•tallF 2 to 5 Ind•p•nd•nt Examln•ff8 Report stst•ment of Fln•ndJl AcllvAI St•t•rn•rt of Rnanclal Posluon Notss to the Statsmont of Ca¥h Fl¢ 10 Notss to the Flnancl•l Ststem•nts 11 10 16
MERIDEN SPORTS AND RECREATION TRUST REFERENCE AND ADhllNI8TrATIVE DETALS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES G Russel Awo J HUe$ (resyd 123} R Lews D &Jckland C Buddar Hmmort PRINCIPAL ADDRESS 163 Main R(1 Meridan Coventy CV7 7NH REGISTERED CHARrrY NUMBER 1164556 INDEPENDENT EXAldER 1 Homer Rc B913QG INVESTMENT IAANAGER Exthange pl 2 S Semtde Street EdiLr EH3 88L
MERIDEN SPORTS AND RECREATI(Y4 TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustses we8ent their rep the stattr of Ihe tharity for ts year ended 31 Marth 2024. The tnjstees have adopied Ihe provistons of Accountkng and Rep(xtYig by Chi'es.' St8ment of Recomm8nded Practice appl(xL to dwlts prepaTrJ their acccoJnts in aCClanCe vth Ihe FInaral Reportiry Standard aaNè in Iho UK and ReC ol (FRS 102) (effectNe 1 January 2019). hough wnci)aly on th8 Trusfs and ths over th8 financial year 2023f24. erKling on 31st Marth 2024. the Rer•Jt conlain relerertes. apropriat6. lo r(£t-1 Apil 2024 8ctivllies Infn80Th ¢)verfap fin8nua yews. OBJErnS ANO ACTivmES Th• Trust's Obledi The Medden Sports and Re(¥e8tion was form&J tharitth slatus In late 2015 becAme operation81 4 FeLary 2016 kn it recfyved a wt Meriden knsh Council. Thè caiilable objects cl hAS&RT are.. {11 Speaficaty reslricted to fvrth8ring or the residents of Ihe parfsh of Memen arnl its suffounding arga, tht distincuefi of sex, sexual ¢Jientstion, race (rf pdbbc41. religiou5 ¢)tsr opinion8. by p0tIng and supporbng kyovision lor amatejjr Spts. recfeatiwal acbviiies other leisLYg Ime crpaon wNhln the paiish In the inlerests of social weware. the d4eckne d imwoviw ihe clditi( of lrfe for the residents of the said paiish and its surnxnding area. <2) In rtherance of these ]ects tArt ncl the TrL85 shal have Ihe to securg the establishment and matenance of spryts aThJ recTrati treS ithyi wish fix th8 benrt of wesent and fiJtw6 generations fA residents. The Parish C<wnul gwt Ilhe 'End(yAThent Ftt) Wds ma(ie on the derSd that Trust was committed lo srriding h)ng lem ce luTrJiro mainten)e£ ¥wJ managememt of Mid8n SpcAts Pat1( and to fvnd cther Iritiatives xtr¥ilM ber*u the parish aKI its residwts th• SLXJP8 of the Tft¥S obheds.
MERIDEN SPORTS AND RECREATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMEP4T AND PERFORMANCE Achievemen( PerfomMn¢e and Investmthrt Strategy ThB Trust rBcelved the EndavTnent Fund cl £1.375.938 on 4th Feb 2016. Ai the start of th8 finanrial year in 2017 (14 m(th¥ laler), the valualion was £1.659,017. Ckn 31 March 2024 F1 vras valued at £2.464.$33. In Iheir investment report, our investmenl (CCLAI 1¢erst Ihe armial i1rne lh8 Trust expeGt for the year wwkl be crca £60,OC Ckn Ills basls It vKas SLrficwt to fijnd Ihe Sm Pwvs cue opwaing m. a Smal Grants progfamme and the Trust's opefating expenses in the CLNning year, but WTth the [rent high degree of uncertainty over uncertainty has been reinfDrced by Ru55ia's invasim of Ukraine. The Trust has been add by CCLA that equity markets wl clrj fweeth future In response lo worsening macroecon0C dats. Fdlowng 3 periTrJi¢ wew Ihe derysion to keep uwg CCLA as the Trusys inyestrnerst vehide was Made for the fd10g reas$. The r818tivy good perf0mra of th&rfunds, canmenswale the felatNety bw rlsk invofve(i.: CCLA'S approath to Investment ethlcs,. Thè f80 that the PaTlsh Cnl held tts reserves In CCLA investments las many Paiish CoUncS do): The neexl to dem¢Jnstrate wbbcty to ccThmunty of MpJiden the Trusts Wudce and stewardship cl Endo FuTrJ'. The Trusfs kweslmwrt siratsgy rnths GLThtent to an Ine wfficient to fvnd Ihe core operaling costs of Meriden Sports pa as provide smal gr to eneournge other spTh1s and reueational initiatives in the area and to preserve the caW to $e that this strategy w bè puNRd Into the foreseeable future. Full Consideratic at a meeling of Truslees was agwn to movvwj the Twsts fuTrJs frrAn CCLA'S COIF Inveslm8nt Fund to th8 COIF Ethic81 Fund, the latter fvThJ having ethlyte(I similBr g(M)d p8rfoTTnanc8. Tha ccmparative perf0mlan over several years of ead) Fund was assessed in s(¥ne detsil. Trustees, deliratiOnS were infomied by Ihe stabjw duties K4acèJ Trustee5 to manage tlY th8 lunds under their care. together with the evcthw guidan from the Chwilies. Commission. Relevant risks were ev8lu8led. A rA)rnson of the ethical Stre of eath clthe Fwds was carefvlty analywj. Trustees resofved to malntaln Ihe endowmBnt in the eyist¥ig Fund and rKrt seek any transfer lyjt wld keep the matter uThY8r rewew in the Ihjht cl any new livestmt stratews decided by CCL Support to Meriden Sport8 Park The Trusvs funding relationshwj Ctypy that nm K4eriden pa is ba8ed the latter oduong en annual lsInesS an Ih81 fcKms the bosFs of a pnt aeernenI with the Trust. Trustees and Dlrectors of Medden Park meet at least (K rn wiLh the reqiirements of the Tnt Dged and Tripartite Agreement. The Tnjst made gants to Meriden Spts totallng £55,IKrfi OperatW costs in 2023124 The core operating grant was paid to MSP through the y. recognising the 0)ntinrJ costs of grwnd5 maintenance, seojrity elc. for Ihe SFxxts Park. It 1$ likely that 8 4milaT figure for the crye opernling grant 2024r25 wll be agree(18t least In01. This will be confimi8d foNovAng review and aFPrOv of the MSP plan and thelr futurB requirements based on CC6ted ey4)enthlure. Small Gran¢• Progr•nm• This prograrnmg is Partity at thc60 invcfved in S18 and rec¥eational pursuils Ihat are not catw¢rJ for by Merlden Sports Park indudir¥J aFF4icabon$ Irryn grwps reFffesenting rec¥eatlonal interests - not lust 8lJ)rt- and rewe8enling al seclions of th8 c(Kmwrllty. in(Mting (*J8rpeople.
RIDEN SPORTS AND RECREAMON TRIK REPORT OF TrIE TRUSTEes FOR THE YEAR eNDE0 31 MARCH 2024 FINANCIAL REVEW Reserves policy The Injslees hav8 deode(l that hcling is 883¥y due to th8 mPle naturn of the chwity and rninima Nming c08ts. FUTURE PLANS The T1 will here to the 88me ba strategy as aweed al AGMS. but rrwjst te prepared to rea¢X Positively to Ihe extratydinary Sbtyation are facing in wrenl c4)st of h'ng als. This raises the quesuon of the scope of the TNst's tharftajle Lje(kn WKI e1harttY shculd be re¥iewe(l. Investment Strategy: Make sure that Meriden and its $thY)dry wea 18 W81 seryed by spNts facaltses into the foreseeable fvlure. suppcrttiig the core opwatirvJ costs of marjen Park and [vIng small grants to enurage other sports reL¥eatiffial Miitiabvos li tha wea. To this end, the inoime generated by the Twsvs InVesthnI stratsgy il FKoduc8 nual irKom• that sat a dw limit tr granl awar(liThJ year on year. thlle malntslnlng ts Ca to jre Tntsts abty io cthtlnue to fuhll tls obiectNes in years and decades to come. Supporting th• Spotts Park: The TIL vill work the Spots Pwk Cryany and the Parish Cwndl to l)uild on Ihe wothng relatiorthlp between the Iwo b(yJies and the tceSS for the nUal Sports P•k Business Plan. Small Grnnts Progrmm: As resources alb)w. Ihe Tntst seek fwiher ways of IOI1ng its small grants programrne and wtrklno V•i th other voluntary in ts Parish and Surrnthg areas to furth8r s chble o'ethes. A tNwnbw d inil4kn are und8rw8y lo 0ra9& smaA grants, aFf4l¢atson$ to Twst. The Covi&19 crisis extKJ5ed a mirK>r prithm wlh Ihe scqx of Trusfs tharibble otyecves. An appeal was rnade for a modesl contrikArtion ffom Ihe TnJst'8 (d6 to 81rwi the efforts of vokjnteers in the Parish to meet the needs of wh7erAble and eldety residents. Unfciunately Ihl$ ftjm) of 8(wty tKas not covwwj by the 'swt arKI ret¥Eakn' oiiecfves of Ih? al that Ilme. Conslderaticrf) May be given lo the desirabihty, peAsIbly. and trS crf broadening the Trusfs 0fy6¢v8s at crn d tho Trusts meekngs and b8 furthw Ttiview bythe trust68s during th8 coming year. srRUCTURE. GoveANANCE AND MAAGEMEKr Govemlng document The Merlden SpctS 8r¥J ReCrealiC Trust 15 C(thtitLrted as a th¥ilable Inccoordted OrglslI0n (CIO) arwj its ctitUtion forn the governg dtrnl. tt shcmjd be ncAed thal MS&RT neilher own base any propeity nor doos it have Y emFloyeos. Und& Its StitUtM. tharity IrLtstees may not rec8 any finartcial benefit from MS&RT. The Trusl operales It¥ tt v(kntsry. wort crf hs bustee& Recrullment afbd appolnlm¢nt of nowtrustws The Gownanc4 of the Charity Is overseen by ts trf)wd of Trustees (Th i)arrfl. Trustees are Trcruited by the Board CLMsider the skiHs (JJrrenty available and Ihen MI the requlr8ments neefled of any additronal or replacement trustee. Pc8nti81 tyusEees are nvited 10 a tyefMniny vthh iha Board. In successful wo1nlrnI crf a Irustts, Ihe wc4ect diw1 wepares ond Fw¥ides d(mentsry and verbal Induction p8d( to Intr(th the trustee to thè thJethves ofthe (ffganlsatK. There ar8 ght truslees positicffjs. Se¥en thrity Trlthos ar4xrtd tr bet4wn 2 0Th14 year t•mi8 and one is 8 trustee n(thn8ied by Mtriden P8rth Cwncl tr a crf3 years. Page 4
MERIDEN SPORTS AND RECREATION TRUST REPORT OF THE TRUSTEES FOR THÉ YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AK) MANAGEPAENT (nisatIOnal structure A board ol up lo 8 trustees (indry a Parish ne1 rrrinee) drawn from Merthn aid the surrounthng area act as the 8oard for Ihe Trust. During 2023r24 Ihè folltrkng were trustees. Gerry Russell StsvB AJlccd( Adrian Wood Rithard Lews Dawd Bud(kThJ Carol 8Uckj Heather Moreton - Pasl Chair - Treaswer - Vice Chair . Sm811 grants - A88i8ts thryth pub&%ity TnJ#ees LK)nllnue to rec44nise thal the Boord retains a b81ance of s115 and Ihat new potential trustees wlth the Iht skills are identifie(I lo reFlace reuring trustees at the eThJ of Iheir teryns of office. As in the preuS year, bustees make it a wiCty to erKourage inlere8t in becarrrirvJ a trustee thin the Ictal communty by publiasing wtdety cfi its webssie 8ThJ et¥ewhoTe the imFrfytWe (rf to the fure of the P•ish and at Ihe sane tkne emFHslsirs thatlh8 tim8 ctynTrulment is n(w managb. Appro%ed by order of the board oftrustees on ....4 .. ark4 s•3ned on ils behalf by: Pagb S
INDEPENDENT EXAMINEFfs REPORT TO THE TRUSTEES OF ERIDEN SPORTS ANO RECREATION TRUST Ind•p•nd•nt •x•nin•rfs rewt kn the tru•t••s of Merld•n Spwts and R•cr•allon Tnmt I report lo the chty trustee5 my exarthailon of the Lrf Mwiden SKXlrts arKI Recrea Twst (the Trust) for the yearwKled 31 Marth 2024. R¢spon>lbllltl•¥ and ba•1$ 4rf r•pryt the chaiity 1rUste of the TNst Y( are re8wnslJl8 Ihe weparakn of tha anI8 in atX4JrdarFC8 with the requirernents ofth8 Chwitbe8 2011 Arf). I report respect of my exarr1natic Trusts Kcourts (¥r der sed1¢ 145 d the Act and In caTryiThJ out my examination I haw IclrMd al ar¥e by the Charity Corrrnlsslc under Section 145(5llbl of Iha Acl. Independent examIn0¥ stalom•trt I have Gompleted my examinati. I ccrthffli Ihat no lo my atten¢ k) emne¢Jc) aCnI#?g reS vth rKX keoin r8¥rtt oftr Trst as by Seclion 130 cllhe . or Ihe acts)Lwts do rnt acc( th It¥JSo rewrd$.' Ihe aCnIS do not ccKnpty qth the aFplcabl& rewirenwts CAcMM9 the lom oNrtent cl accwnts set out in the Charilies (Actturts arwj ReKMJtsI Regulations 2trf)8 01 than ary requirement that the Wn[S gve a twe and vi¢w is not a matter rJ)nsiderad as part of an dependent examination. artenlion shId be ltrus repyt in tyder to enth a urAlerstandirrfJ of the 8CGOLnts to be r&athed. Jererny Kltson FCA Prfm Chartered Accounlan13 1 Homer Road Sollhull B913QG 2 September 2024 Page 6
MERIDEN SPORTS ANO RECREAMON TrUST STATEMENT OF FW4ANCIAL ACTMnes FOR THE YEAR ENDED 31 MARCH 2024 2024 UnTes1ridwl ÉrKkMrnt Totsl rwj fund• 2023 Total fund$ INCOME AND ENDOWMENTS FROM D(OnS and legacies 39,703 Inveslment inr 65.099 Total 66,990 104,802 EXPENDrruRE ON Cknarbtabl• aetivitses Grants to lnstrtu1ns Support c4)sts 55,468 2A97 56,125 1,787 2.497 Totsl 57,965 57.912 Net galnsllbsses) on InlMentS 201806 (86.412) NEf INCOMEI(EXPENDITUREI 9.025 203,806 212,831 (39,522) RECONCIUATION OF FUNDS Totsl funds brwghtfcYw8rd 82.209 2,218.840 2,301.049 2,340,571 TOTAL FUNDS CARRIED FORWARD 91,234 1422,646 2.514BBO 2,301,049 P¥7
MERIDEN SPORTS AND RECREATION TRUST STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 2023 Total funds fund fund FIXED ASSErs vastmer 1422.646 2,42Z.646 2.218.840 CiMRENT ASSETS Cash al bank 92,674 91674 83.359 CREDITORS knojnts faNirvJ OJe knitlin one year 10 (1A40) (1.150) NET CURRENT 8$ErS 91,234 91,234 82.209 TOTAL ASSEfs LESS CiNIREKr LIABIUTie8 91234 2A22,646 2,513,180 2.301.049 NET ASSErs 91,234 1422,646 2,513,880 2,301,049 FUNDS Unrestricled lur>ds Endowment fvnds 91,234 2A22,046 2,218.840 TOTAL FUNOS 2,513,880 2,301.049 and were *ned its1th8lfby.
PaERIDEN SPORTS AND RECREATION TRUST STATEMENT OF CASH FLOWS FOR ThE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from oporatlng ?cllvltl•s Cash generated from operatiorks 921 46,017 Net sh wovided by operating 8¢Mt 6,921 46.017 Cash 110 fr(wn Invutlng aclmtl Interest rBceived 1394 503 Net &75h by Investwig aGthI 1394 503 Chang• in ca8h and cash equlvalert In th• T•POrtlng rtod Cash and cash •quival•nt¥ at the boglnrfng of the rnportlng p•rlod 9.315 46.S20 36,839 Cash and cash •qulvpl•nts atth• •nd of the T•portlng pwlod 91074 83.359 Page 9
MERIDEN SPORTS AND RECREATION TRUST NOTES TO THE STATEhENT OF CASH FLOWS FOR THE YEAR ENDeD 31 MARCH 2024 RECONCILIATION OF NET INCOMEIIEXPENDrniRE) TO NEf CASH FLOW FIIOM OPERATING ACTfvmES 2023 N•t Incom•ll•xp•ndltur•) forth• r•portkng rtod (u pw lh• Stalemant of Finan¢l•l Actl¥kl¢s) AdJuslm•nts for. (Gainytosses on Inthents Interest receiv&J InrJeasel(de(Tew) In L¥¢dit$ 2121 (39,522) (203WfjI 12A941 86.412 15031 {3701 Q921 46.017 ANALYSIS OF CHANGES IN NEf FLWa)S At 1.423 Cash fl( At 31A24 N¢t Cah Cash at bard( 9,315 92,674 359 9,315 92,674 Tolal 9,315 92,674 p010
MERIDEN SPORTS AND RECREATION TRUST NOTES TO THE FNANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES BB$ls ol pr•parfng the flnancI stthm•nts The finanryal ststwnents of Ihe tharity, lch is a wbk tity under FRS 102. have been prepwed in accordance the Charilies SORP (FRS 1021 'A(o)unting Repcrfting by Chaiities.. Statement of RecrmmerKled Practice applcabk to tharitie5 preparlng thek accounts In accord8nce with Ihe Financial Reporling Slandard applicable in the UK and Republic of Ireland {FRS 102) (effecliw 1 January 20191.. Finana81 Reporthg Standard 102 The Finawl RepCn9 Standard ap(Cab in the UK Rewt of trel8nd' and ts Ch&ities A£1 2011. The fan1 $ts18mts have been pr8pared under the h}StlCa1 (x6t Lyjnvenkn. Ihe exceptlon of Investnnts which wè induded al markel vahje, as by tt revaluatKm dcortain assets. Incom• Income Is recwised n the Statrt of FinwKi¥l AcaMtW Ththen the dwrity has 8ntiUement to the funds. any perfomiance c4)ndity(ms attached to the iiemlsl of InMe have been mel. it is probab ihat the irtcome 11 be reIj am¢JJnt be med rehabty. The followbrq spedfic pokh85 are apptied to parbcular categories of income:. - Investment incpyne is eamed Wting 858ets ky im5trnt rAXP)ses suth as shares and lemi deposrt acCots. It Indudes terest lrtome is rgXW3nlsed as it ac(wos, dlvidand come whith is recognised as ts (tharitys rwt to receivo PaYnl is eJstat45hed. Expen¢liure All expenthlLKe Is acctsjnted fcf c(¢ an al5 basi and has been ck88ified Lmder aGtivilies that 899r8gale all Gosts rBId to ary pat¢%ar actiw. EXPd[n is rwnisod vA)ere Ihere is a18gal or constructive obligation to make payTnents to thtrd wlies; il is Fble that the setuement wim b rèqulred the amount of 1he obligation be measured reliabty. rAtegSed under the follNtyng heading5:. . Costs of r8iwNJ fiJrnJs costs ty th8 thg gera110n of d80 and draising inccffle. - ExpeIlbre on ch8itable aGwlles rdjde tIwJ5e costs inGurffjd ty the d)arity in the delivery of its actiwues and ICeS fci fts benefidaiies. - Olher expendnure represents those items rlIj Into Ihe categories aTh. - Al categories of costs tyidude b)th costs Ihal can be alocated direclty lo sh athdes and those costs Of indirKt n81wo n¢rxswy lo siwryt thwn. Grants offered Su.eCt to (#1#1(S which ha not be8Tr mel at the year date noted a$ a COFNnitment ncA acc¥ued as eynditLfe. Taxallon The chafily is ex8ryt from tax ts dwitatlè athfjls. Fund xcounllng Unrestricted fijnds CAn be used in aLudance V•ilh ts charItab ¢Jjectiv8s at the discTrtion of the trustees. Rèstricted funds can only be used pwbcuLgr restrided wr85 rythIn Ihe ofy'ects of the d)arity. Restrictions wise en spe0rd by tha dor c [d$ wo raisod f(Y r08trided purposes. Further aXTAana1l of the nalwe arnl purF4)se of eath fund i8 in the notes lo thè financial Statents. Investments are stated at ther fair va. Chrys In f vabje we reojgnised ) F*ofiI CK Ictss. The falr value of a quoted investment Is rts L4d PFlce. Pap11
MERIDEN SPORTS AND RECREATION TRUST NOTES TO THe FWANCIAL STATEMEKfs-cfjnlinued FOR THe YEAR ENDED 31 MARCH 2024 2024 2023 Donati3 39,703 tr4VESTMENT INCOME 2024 2023 Inv•strnent inrne Dèpo&t a(Y<Junt interest 64,596 84.596 66,990 65,099 fdIng of acl1vi5 Supwt (see nole o$ts (see 5) note 6) Tot 55,468 2.497 Support costs 2,497 57,965 GRANTS PAYABLE 2023 Grwts to 1rlitU110r 56.125 The tctsl gr pid lo Instituti)$ the yearwds as fdk•ts: 2024 2023 Meriden spc P Meriden Craft Meriden Nutsery Flora Sodety M&iden Aero DkndelleA8 54000 275 41K) 54468 56.125 Page 12 cxmlinued...
MERIDEN SPORTS AND RECREATION TRUST NOTES TO THE FWANCIAL STATEIIEpifs . contlrnd FOR THE YEAR ENDED 31 MARCH 2024 suppoffr COSTS a9em8nt Totals Swpcrt costs 827 2.497 Support costs i1led in the atthe, ¥e as fol(M: 2024 Sw)FQrt 2023 Total actiwti8S Insurance Website cosls Rwm hire ACuntarY arKI W lees 662 115 1.670 1,010 2A97 1,787 TRUSTEE REMUNERATKkY AND BENEFrrs There ww8 no truslees. rfjmuntiratith ijr cts bfitS for Ihe yew erwjed 31 Marth 2024 nor fc the year wmjed 31 March 2023. There V•ere no InJstses' eypenses paKI f ts year 31 Mwch 2024 for the year ended 31 Marth 2023. COMPARATNE8 FOR THE STATEMENT OF FINANCIAL ACTivftES Total funds fund INCOME ANO ENDOWMENTS FROM Donakns an(1 g8(183 39.703 39.703 Imiestment income 65,099 104,802 104,802 EXPENDITURE <XI ChaTltablo act11 Grants to institUticS Suprth costs 56,125 1,787 $6.125 1,787 Total 57.912 57.912 Nel galnsl(tosses) ¢Jn wive81m (86.412) 186,4121 NET INCOMEI(EXPENDmlRE) (86,412) (39.522) Pago 13 (x)nlinued...
NOTES TO The FINANCIAL STATEME1 -¢onlinued FOR THE YEAR ENDED 31 MARCH 2024 COAIPARATIVES FOR THE STATEILNT CF FINANCIAL ACTMfES .cwttlThu•d unresth.cted Endowment Thj Total funds RECONCIUAMON OF FUND8 Total fijnds tThight fcrfward 35.319 2.305,252 2.340.571 TOTAL FUNDS CARRIED FORWARD 82209 2.218.840 2,301,049 FIXED ASSEf INVESTMEMrs Investrnents MARKET VALUE At 1 Apxil 2023 Revaluations 2218,840 203,806 At 31 Marth 2024 2,421646 NEf BOOK VALUE At 31 March 2024 2,422,646 At 31 March 3)23 2.218.840 Cost or vahJauC at 31 Marth 2024 is ratXesen ty. Ll8t•d Inv•$tm•nts Vaalon in 2017 vaal0n in 2018 vaal0n in 2019 Vahjation in 2020 Vaal0n In 2021 VatiOn in 2022 Vawion in 2023 Vkntion in 2024 283,OBD 34,842 132.843 157.174) 363,824 183.898 18Q412) 203,806 1.363.939 2,421646 Pag8 14 otlued...
hERIDEN SPORTS AKI RECREATION TRUST NOTES TO THE FhYANCIAL STATEMENTS-caThtinu•d FOR THE YEAR ENDED 31 MARCH 2024 10. CREDITORS: AMCLINTS FALUNG DUE wrrHIN ONE YEAR 2024 2023 Other iyeditors 1,150 11. MOVEMENT IN FUNDS Net movement in funds 11.423 31.3.24 Unr•strld•d funds General 9,025 334 Endnl fvnd 203MD6 1422,646 TOTAL FUNDS 1301,049 212,831 1513.8JO Net rrrnent fvrKls. oieknled li Ihe at are as foltrhE: ng Resources Galns and restxjrrm exnded Movemvmt in funds Unvegtrled fund¥ General fijnfl (57J65) 9.025 Endowtynerrt tJnd 203.106 203.806 TOTAL FUNDS <.9$5 203.806 212.831 Comp•ratlvos for movfjm•nl In fvnds Net movement fur¥Js At 1.422 31.3.23 Unrestslcted fund• General fijnd 3&319 46.8 82.209 Endowment funds End0vent fijnd 2.31)5252 186,412) 2,218,840 TOTAL FUNDS 2.340.571 139.5221 2,301,049 Page 15
MERIDEN WRTS APKI RECREATIC4 TRUST NOTES TO THE FINANCIAL STATEMEp¥fs-c¢nOnu•d FOR YEAR ENDED 31 IAARCH 2024 11. MOVEMENT IN FUNDS- conllmmd knrJ)m¥vJ Resour¢es Gains and Movthnent in funds Unre8trlthd fvnds General fijnd 1tH.802 (57.9121 46,890 Endowm•nt fimd8 Endovment fund {86,412) {86.412) TOTAL FUNDS 104.802 (57.9121 {86.4121 (39.522) The PdnI fund ts in wNestsnent io wovth the Ihe Trust thtyth amual inrne that will provide a cle¥ limli for gr8nt wwarding yew cm yew, maintaining the capttal to ensure th8 Tfusfs ability to cryrtinue to fu1 its objeLves in ye*8 decades to (xTh. 12. RELATED PARTY DISCLOSURES 16