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 FI4￿cIAL 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 HU￿e$ (resy￿d 1￿23}
R Lews
D &Jckland
C Buddar
Hmmort
PRINCIPAL ADDRESS
163 Main R(￿1
Meridan
Coventy
CV7 7NH
REGISTERED CHARrrY
NUMBER
1164556
INDEPENDENT EXAld*ER
1 Homer Rc
B913QG
INVESTMENT IAANAGER
Exthange pl￿ 2
S Semtde Street
Ed*iL￿r
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 stat￿tr of Ihe tharity for ts year ended
31 Marth 2024. The tnjstees have adopied Ihe provistons of Accountkng and Rep(xtYig by Ch*i*'es.'
St*8ment of Recomm8nded Practice appl(xL* to dwlt*s prepaTrJ their acccoJnts in aCC￿lanCe v￿th Ihe
FInar￿al Reportiry Standard a*aNè in Iho UK and Re￿￿C 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. apr*opriat6. lo r(£t-1 Apil 2024 8ctivllies
Inf￿n8￿0Th ¢)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 FeL￿ary 2016 kn it recfyved a wt Meriden knsh Council. Thè c*aiilable
objects cl hAS&RT are..
{11 Speaficaty reslricted to fvrth8ring or the residents of Ihe parfsh of Memen arnl its suffounding
arga, ￿th￿t distincuefi of sex, sexual ¢Jientstion, race ￿ (rf pdbbc41. religiou5 ￿ ¢)tsr opinion8. by p￿0tIng
and supporbng kyovision lor amatejjr Sp￿ts. recfeatiwal acbviiies ￿ other leisLYg Ime cr￿pa￿on wNhln
the paiish In the inlerests of social weware. the d4eckne d imwoviw ihe cl￿diti(￿ of lrfe for the
residents of the said paiish and its surnxnding area.
<2) In ￿rtherance of these ￿]ects tArt ncl the TrL￿85 shal have Ihe to securg the
establishment and ma￿tenance of spryts aThJ recTrati￿ ￿treS *ithyi ￿ wish fix th8 ben￿rt of wesent
and fiJtw6 generations fA residents.
The Parish C<wnul gwt Ilhe 'End(yAThent F￿tt) Wds ma(ie on the ￿derS￿d*￿ that ￿ Trust was
committed lo srriding h)ng lem c￿e luTrJiro mainten*)e£ ¥wJ managememt of M*id8n 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 Endav*Tnent 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 F￿1 vras valued at £2.464.$33.
In Iheir investment report, our investmenl (CCLAI 1¢￿er￿st Ihe armial i1￿￿rne lh8 Trust expeGt
for the year wwkl be crca £60,OC
Ckn Ills basls It vKas SLrficwt to fijnd Ihe Sm Pwvs cue opwaing m. a Smal Grants progfamme and
the Trust's opefating expenses in the CLNning year, but WTth the ￿[rent high degree of uncertainty over
uncertainty has been reinfDrced by Ru55ia's invasim of Ukraine. The Trust has been ad￿d by CCLA
that equity markets wl cl￿r￿j fweeth future In response lo worsening
macroecon0￿￿C dats.
Fdlowng 3 periTrJi¢ wew Ihe derysion to keep uwg CCLA as the Trusys inyestrnerst vehide was Made for
the fd10￿g reas￿$. The r818tiv*y good perf0m￿r￿a of th&rfunds, canmenswale the felatNety bw
rlsk invofve(i.: CCLA'S approath to Investment ethlcs,. Thè f80* that the PaTlsh C￿n￿l held tts reserves In
CCLA investments las many Paiish CoUnc￿S do): The neexl to dem¢Jnstrate wbbcty to ccThmunty of
MpJiden the Trusts Wud￿ce and stewardship cl Endo￿￿ FuTrJ'.
The Trusfs kweslmwrt siratsgy r*nths GLTh*tent to an I￿￿ne wfficient to fvnd Ihe core
operaling costs of Meriden Sports pa￿ a￿s provide smal gr￿ to eneournge other spTh1s and reueational
initiatives in the area and to preserve the caW to ￿$￿e that this strategy w bè puNRd Into the
foreseeable future.
Full Consideratic￿ at a meeling of Truslees was agwn to movvwj the Twsts fuTrJs frrAn CCLA'S COIF
Inveslm8nt Fund to th8 COIF Ethic81 Fund, the latter fvThJ having ethlyte(I similBr g(M)d p8rfoTTnanc8. Tha
ccmparative perf0mlan￿ over several years of ead) Fund was assessed in s(¥ne detsil. Trustees,
deli￿ratiOnS were infomied by Ihe stabjw duties K4acèJ ￿ Trustee5 to manage t￿lY th8 lunds under
their care. together with the evcthw guidan￿ from the Chwilies. Commission. Relevant risks were
ev8lu8led. A rA)r￿nson of the ethical Str￿e of eath clthe Fwds was carefvlty analywj. Trustees resofved
to malntaln Ihe endowmBnt in the eyist¥ig Fund and rKrt seek any transfer lyjt w￿ld keep the matter uThY8r
rewew in the Ihjht cl any new livestm￿t stratews decided by CCL
Support to Meriden Sport8 Park
The Trusvs funding relationshwj Cty￿p￿y that nm K4eriden pa￿ is ba8ed ￿ the latter
oduong en annual ￿lsInesS ￿an Ih81 fcKms the bosFs of a pnt a￿eernenI with the Trust. Trustees and
Dlrectors of Medden Park meet at least (*K* rn wiLh the reqiirements of the Tn￿t Dged and
Tripartite Agreement.
The Tnjst made gants to Meriden Sp￿ts totallng £55,IKrfi OperatW￿ costs in 2023124
The core operating grant was paid to MSP through the y. recognising the 0)ntin￿r￿J costs of grwnd5
maintenance, seojrity elc. for Ihe SFxxts Park.
It 1$ likely that 8 4milaT figure for the crye opernling grant 2024r25 wll be agree(18t least In￿01￿. 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 Parti￿￿ty at thc60 invcfved in S￿18 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 hc*ling is ￿￿￿883¥y due to th8 ￿mPle naturn of the chwity and
rninima Nming c08ts.
FUTURE PLANS
The T￿￿1 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 al￿s. This raises the
quesuon of the scope of the TNst's tharftajle L*je(kn WKI ￿e1hartt￿Y shculd be re¥iewe(l.
Investment Strategy: Make sure that Meriden and its $thY￿)dry wea 18 W81 seryed by spNts facaltses into
the foreseeable fvlure. suppcrttiig the core opwatirvJ costs of mar￿jen Park and [￿vI￿ng small grants
to en￿urage other sports reL¥eatiffial Miitiabvos li tha wea. To this end, the inoime generated by the
Twsvs InVesth￿nI stratsgy *il FKoduc8 ￿ ￿nual irKom• that sat a dw limit tr granl awar(liThJ year on
year. thlle malntslnlng ts Ca￿ to ￿￿jre Tntsts ab*ty io cthtlnue to fuhll tls obiectNes in years and
decades to come.
Supporting th• Spotts Park: The TIL￿ vill work the Spots Pwk Cryany and the Parish Cwndl to
l)uild on Ihe wothng relatiorthlp between the Iwo b(yJies and the t￿ceSS for the ￿nUal Sports P•k
Business Plan.
Small Grnnts Progrmm: As resources alb)w. Ihe Tntst seek fwiher ways of I￿OI1ng its small grants
programrne and wtrklno V•i th other voluntary in ts Parish and Surr￿nth￿g areas to furth8r
s ch￿￿ble o*'ethes. A tNwnbw d inil4kn are und8rw8y lo 0￿ra9& smaA grants, aFf4l¢atson$ to
Twst.
The Covi&19 crisis extKJ5ed a mirK>r prithm wlh Ihe scqx of Trusfs tharibble otyec*ves. 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.
Unfc*iunately 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, peAsIbl￿y. and t￿r￿S 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 M*AAGEMEKr
Govemlng document
The Merlden Spc*tS 8r¥J ReCrealiC￿ Trust 15 C(thtitLrted as a th¥ilable Inccoordted Org￿ls￿lI0n (CIO) arwj
its c￿￿titUtion forn￿ the govern￿g dtr￿n￿l. tt shcmjd be ncAed thal MS&RT neilher own base any
propeity nor doos it have ￿Y emFloyeos. Und& Its ￿StitUt￿M. tharity IrLtstees may not rec￿8 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. Pc*8nti81 tyusEees are nvited 10 a tyefMnin*y vthh iha Board. In
successful wo1nlrn￿I 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 bet4*wn 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 (in￿dry 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 8Uck￿￿j
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 s￿115 and Ihat new potential trustees wlth
the I￿ht skills are identifie(I lo reFlace reuring trustees at the eThJ of Iheir teryns of office. As in the pre￿uS
year, bustees make it a wiC￿ty to erKourage inlere8t in becarrrirvJ a trustee ￿thin the Ictal communty by
publiasing wtdety cfi its webssie 8ThJ et¥ewhoTe the imFrfytW￿e (rf to the fu￿re of the P•ish and at
Ihe sane tkne emF*Hslsirs thatlh8 tim8 ctynTrulment is n(w manag￿b￿.
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 a￿nI8 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 IclrM*d 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*)
aC￿￿nI#?g re￿S vth rKX keoin r8¥rtt oftr* Tr￿st as by Seclion 130 cllhe ￿. or
Ihe acts)Lwts do rnt acc(￿￿ th It¥JSo rewrd$.'
Ihe aC￿nIS do not ccKnpty *qth the aFplcabl& rewirenwts CA￿c￿MM9 the lom oNrtent cl
accwnts set out in the Charilies (Actturts arwj ReKMJtsI Regulations 2trf)8 0￿￿1 than ary requirement
that the W￿n[S gve a twe and vi¢w is not a matter rJ)nsiderad as part of an ￿dependent
examination.
artenlion sh￿Id 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 lnstrtu1￿ns
Support c4)sts
55,468
2A97
56,125
1,787
2.497
Totsl
57,965
57.912
Net galnsllbsses) on In￿lMentS
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 In￿thents
Interest receiv&J
InrJeasel(de(Tew) In L¥¢dit￿$
212￿1
(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
p￿010

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 RepC￿n9 Standard
ap￿(Cab￿ in the UK Rewt* of trel8nd' and ts Ch&ities A£1 2011. The f￿an￿￿1 $ts18m￿ts have
been pr8pared under the h}St￿lCa1 (x6t Lyjnvenkn. Ihe exceptlon of Investn￿nts which wè
induded al markel vahje, as by tt* revaluatKm dcortain assets.
Incom•
Income Is recwised n the Stat￿rt of FinwKi¥l AcaMtW Ththen the dwrity has 8ntiUement to the
funds. any perfomiance c4)ndity(ms attached to the iiemlsl of In￿Me have been mel. it is probab￿ ihat
the irtcome ￿11 be re￿I￿j am¢JJnt be m￿￿ed rehabty. The followbrq spedfic pokh85
are apptied to parbcular categories of income:.
- Investment incpyne is eamed Wting 858ets ky im5trn￿t rAXP)ses suth as shares and
lemi deposrt acCo￿ts. It Indudes ￿terest lrtome ￿ is rgXW3nlsed as it ac(wos, dlvidand
come whith is recognised as ts (tharitys rwt to receivo PaYn￿l is eJstat45hed.
Expen¢liure
All expenthlLKe Is acctsjnted fcf c(¢ an ￿al5 basi* and has been ck88ified Lmder aGtivilies that
899r8gale all Gosts rBId￿ to ary pat￿¢%￿ar actiw. EXP￿d[￿n is rwnisod vA)ere Ihere is a18gal or
constructive obligation to make payTnents to thtrd wlies; il is F￿ble that the setuement wim b
rèqulred the amount of 1he obligation be measured reliabty. rAteg￿Sed under the
follNtyng heading5:.
. Costs of r8iwNJ fiJrnJs costs ty th8 thg ge￿ra110n of d￿8￿0￿ and
draising inccffle.
- Expe￿Ilb￿re on ch8itable aG*wlles rdjde tIwJ5e costs inGurffjd ty the d)arity in the delivery of its
actiwues and ￿￿ICeS fci fts benefidaiies.
- Olher expendnure represents those items r￿lI￿j Into Ihe categories aTh.
- Al categories of costs tyidude b)th costs Ihal can be alocated direclty lo s￿h athdes and those
costs Of￿ indirKt n81wo n¢rxswy lo siwryt thwn.
Grants offered Su￿.eCt to (#￿1#1(￿S which ha￿ not be8Tr mel at the year date noted a$ a
COFNnitment ncA acc¥ued as eynditLfe.
Taxallon
The chafily is ex8ryt from tax ￿ ts dwitatlè athfjl*s.
Fund xcounllng
Unrestricted fijnds CAn be used in aLu*dance V•ilh ts charItab￿ ¢*Jjectiv8s at the discTrtion of the
trustees.
Rèstricted funds can only be used pwbcuLgr restrided wr￿￿85 ￿rythIn Ihe ofy'ects of the d)arity.
Restrictions wise ￿en spe0r￿d by tha d￿or 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
Stat￿ents.
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
Donati￿3
39,703
tr4VESTMENT INCOME
2024
2023
Inv•strnent in￿rne
Dèpo&t a(Y<Junt interest
64,596
84.596
66,990
65,099
f￿dIng of
acl1vi￿5 Supwt
(see nole
o$ts (see
5)
note 6)
Tot
55,468
2.497
Support costs
2,497
57,965
GRANTS PAYABLE
2023
Grwts to 1r￿litU110r
56.125
The tctsl gr* pid lo Instituti￿)$ 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 . contlrn￿d
FOR THE YEAR ENDED 31 MARCH 2024
suppoffr COSTS
a9em8nt
Totals
Swpcrt costs
827
2.497
Support costs i1￿￿led in the atthe, ¥e as fol(M:
2024
Sw)FQrt
2023
Total
actiwti8S
Insurance
Website cosls
Rwm hire
AC￿untar￿Y arKI W lees
662
115
1.670
1,010
2A97
1,787
TRUSTEE* REMUNERATKkY AND BENEFrrs
There ww8 no truslees. rfjmuntiratith ijr cts b￿fitS 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 act1￿1
Grants to institUtic￿S
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
Va￿alon in 2017
va￿al0n in 2018
va￿al0n in 2019
Vahjation in 2020
Va￿al0n In 2021
Va￿￿tiOn 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
o￿t￿lued...

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
End￿n￿l fvnd
203MD6 1422,646
TOTAL FUNDS
1301,049
212,831
1513.8JO
Net rr￿rnent ￿ fvrKls. oieknled li Ihe at￿ are as foltrhE:
ng Resources Galns and
restxjrrm ex￿nded
Movemvmt
in funds
Unvegtrl￿ed 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
End0v￿ent fijnd
2.31)5252
186,412)
2,218,840
TOTAL FUNDS
2.340.571
139.5221
2,301,049
Page 15

MERIDEN WRTS APKI RECREATIC*4 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 P￿d￿￿nI fund ts in wNestsnent io wovth the Ihe Trust thtyth ￿ amual in￿rne that will
provide a cle¥ limli for gr8nt wwarding yew cm yew, maintaining the capttal to ensure th8 Tfusfs
ability to cryrtinue to fu￿1 its objeL*ves in ye*8 decades to (xTh.
12. RELATED PARTY DISCLOSURES
16