REGISTERED CHARITY NUMBER: 1164556 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR MERIDEN SPORTS AND RECREATTh TRUST Cctheroak 1 Homer Road Solimjll B91 3QG
MERIDEN SPORTS AND RECREATION TRUST CONTENTS OF THE FINANCIAL STATEMEprrs FOR THE YEAR E140ED 31 MARCH 202S R•leronc? •d Admlnlslratlv• D•talls Report of th• Trustres 2 to 5 Ind•p•nd•nt Ex•mln•rf8 R•port statsment of Flnandal Actlvftl•s stat•rn• of Flnanclal Posltlon Stai•m•nt of Cash Fl Noto$ lo the PAat•m•trt of Cash Flo 10 Nol•8 to the Flnan¢lal Statements 11 to 16
ERIDEN SPORTS AND RECREATION TRUST REFERENCE J4D ADMWISTRATIVE DETALS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES G Russel s Atcock (reslgned 21111r24) AW R Lerys D Buckl8nd C 8uckknd H M Morton PRINCPAL ADDRES8 163 Road Coventy CVT 7NH REGISTERED CHARITY NUMBER 1164556 INDEPENDENT EXMIINER Prlme Chartered Accwntants Crynw Oak 1 Homer Road Sohh B913QG IVESTMENT MANAGER CCLA Inveslment Manag8m8nl Limited Exrthange Hace 2 S SemrAe Street Edinburgh EH3 8BL Page 1
MERIDEN SPQRTS AND RECREATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The truste8s present their ret wih the finand stalements of the charity for the ypar érKled 31 Marth 2025. twstees hav¢ adopt the prowsions of Atnting aTrJ Rewting by Charilies.. Slalemant of Recommended Prxtice aPcable lo chariiie$ preparing their accounts in acc¢ydance wilh the Flnanclal RepOrttr Standard applcable in th8 UK and Repulklc of kelarKI (FRS 102) leffecte 1 January 20191. AKhoL6gh prlncipalty reporting on the Trust's pl adions over the finandal war 2024125, endlng on 31st March 2025. the ReFwf may contain references. there apwcsjriate. to post-1 Awil 2025 aLlivities and Informatic wFMch OVerp fina181 yeavs. OBJECTIVES lD ACTtvrriES The Trusl's Obl•Glives The Meriden Sports ReLTe81ion Trust was frfflied •d reG thoritsble Slalus in kte 2015 became OperatILal on 4 February 2016 kn il a gant fTLYn Merid8n Parish Counal. The chitabl8 )jects of MS&RT are: {11 Specifically rgstrided to furthering or benefiting the resfvjents of the parish of Mwiden and its surrounding area, wlthout dlslncllon of sex, sexual orientati(. race or of pdifical, religious or other opinions, by promob'ng d SUprting prowsion for amateur sp¢Nts. recreabfma actiwtses and olher 18isure time cUpatiOn within the parish in the inlerests of sooal welfwe, ryth the 'e¢tive rj inwoving the condilions of life lor the resldents of the $8MJ parish and rts surrounding area. {2) In furtherance of these ckniects othwryse the Trustees shall have the pw io secure the establislmnent and Maintenan of ¥Fts aThJ recreational fackn *illMn the parish for the benefft of present d future generations of resid8Trts. The Parish Council grant (the Endowment Fund) was mado the understanding thot the Trust was committed to providing long tem CO fvnding f the maYitenarKe and monagemenl of Meriden Spts Park and to fund other iniliatives and altieS ben8ffting ts parish and its restdenis within the scope 01 the Trust's objects. Pagè 2
MERIDEN SPORTS AMO RECREATION TRUST REPORT che THE TRUSTEES FOR THE YEAR ENDED 31 MIRCH 2025 ACHIEVEMENT AND PERFORMANCE hi•v•m•nl P•rforniance and Investment Stratogy The Trust received the Er10nent Fund of £1,375,938 cffi 4th FeU4ry 2016. At the start of the financial year in Awil 2017 {14 month5 later), Ihe vamlI0n was £1.659.017. On 31 March 2025 the Fund was valued at £2.309,770. In thelr VeStrent Teport, our investment athlsc¥s (CCLA) feCast th8 anrnjal Income the Trust could expect for the year wouhj be ctrca £67.OC4) This was sufficient to fund the Sports ParWs c8 cywatirKJ tyan( a Smal Grants programme and tho Trusvs cyerating expenses in the year. The forecast amual w)come$ are rnt howevw guaranteed. CCLA have advisad thvJr8 remains significant uncertainly wthin the investment mwke( as ¥rflaknon b5 trending above central banks targets and President Trump's tarlff polcies have Wential fry Slagllati¢M. 1h t5 generaty considered bad for risk assets. As a result, it is necess for the Trusl to keep cBt4lal expenditu under dosg review. Fdlowng 8 periodic review the deaOn lo keep uSg CCLA as the Trusvs investment v8hic18 was made for the followlng reasons: The rdatively gcrfxl perfance of their frjnds. Cnmensate with the relatively k)w risk involved.. CCLA'S appmath to investment ethi,. The fact that the Parish Council held its reserves in CCLA investrnents (as many Parish Councils do): The nee(1 to dernCStrale pubkly lo the ccKnmuntty of Merlden the Trusvs prudence and stewwtship crf the'Enth)Tnent Fw)¢T. Richard Sankey, CCLA Cbent Investment DweCtI the Fetwry 2025 Trustées, PAeetirYJ. The Trusfs investrnenl strategy r8m8lns consistent. to w(NJuce an Income sufficient lo fund the core opèryating costs of Mellden Sports Parl( and pYoNiJe smal lo encourage other sports and recreational Irilialives in thg area and to prgseNe lh8 (•1 ty) ensure that this strategy can pursued into the foreseeable future. A remew of CCLA'S COIF Investmeth Fund aKI COIF Ethlcal Fund was undertaken at meeting of Trustees, induding a rleW and assessment ol the fur)ds' perfCfftae and comparator berhMaIk. Trustees. deliberatic5 re Informed by the stalulory dubes pkiced Trustees lo manage carefully the fund$ under their care, togethw Vth Ihe evdving guidance from the Charities. Commission. Relevant risks were ovalu8ted. Trustees resLthd to mwlain the erKk)n8nI kn Ihe sting Fund and not seek any transfer bul would keep the matter under review in the light of any new investment strategies dec*led by CCL4 or signrficant variance to th¢ stsled fund targal bencthark over the long lern?.
MERX)EN SPORTS AND RECREATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORlaANCE Support to Meriden Sports Park The Trusvs fvr#Jing relgtionship wth th8 L¥Jmp8ny thal runs Meriden spc Park based on the latter producing an annual business plan that fr5 the basls of a gFanl 8greement vAth the Tnjst. Trustees and Directors of Meriden Sp)rts Park meet at kast once in Kne ith the requifements of Trust Deed Tripartit8 Agr•emenL The Tru51 made grants to Meriden Sports Park totsllng £55,000 for )re operaiwig costs 2024r25 The core operating granl was paid to MSP ltrJgh the year. reccqNsing the cOntirIng e4xts ol gr0d5 mainlenance, Securrty etc. for the Spcvts Pk. It is Ilkety that a similar figure, but aknng the Impact ol Iffia, the core opernt.ng grant f( 2025126 ill bè agreed at least inibally. T$ wll bè confmed folloWw re¥iew arKJ atproval of the MSP business plan and their future requirements based on costed expendi. Small Grants Progrnmme This rmgramme Is paruculwly aimed at those invofved in sports recreational pursuits that are not Gatered for by Menden spo Park induding apFAicath?ns 9p$ rewesenting all recreational interests - not just sport- arvj representing al sectiS of ccffimunty. FINANCIAL REVEW Reserves policy The Iru51ees have decided th Wing reserv ts unncessary duo lo lh8 simple nature of the charity and ivs minimal running costs. FUTURE PL•A8 The Tfust wll adhere to the same basK 51rategy as agreed at pre4fjous AGMS. but musl be prepared lo react P05rtiv¢ly lo the oxlraordinary siluation wo are facing in thg cost of liviry crisis. Thi5 raises the question of the Swe of the Twsvs ch8rit8bl8 (leCteS and wthether they shDutsJ be revlewed. Investrn•nt strat•oy: Make sure Ihat Meriden its surroundry area Is wel send by sports fadl'tss Into the foreseeable futL5re. supportir¥J the cfft operabng costs of Mwiden Sports Park and providing small wants to encourage othw sports and reCTraticaI initialives in the aw. To this end, Ihe inlMe g8neraled by the TnJsVs investment strategy wil produce w annual inccffie that set 8 clear Smil for grant awarding year on year, while maintsimg the wllal to ensure the Trusts aLty to cffilmue lo frjlfil its ot4'ectives in years and decades lo come. Supportlng the Sports Patk: The Tfust with the spts Parf( Company and the Parish Coundl to build on the working retationship tretween the ts¥o brmthes and the wrKe8s for agreeing the annual Sports Park Business Pl8n. Small Grants Progrnmme: The Tnjst has pr(n018 the small programme throughout the year. As resources alh)w, the Trust V*il seek futher ways d prornolirMJ its smal granls programme and %wykiNJ with other voluntary [anIs8110nS in the Parish and areas to further its charrtajlè objectives. STRUCTURE, GOVERNANCE MANAGEMENT Go¥emlng documént The Meriden Sports and Recreation Trust is consllttrted as a chaTitatle Th)corporated organlsatlon {CIOI and ks ConstibJtion fomis the govemiry d(Kument. It should bB noted that MS&RT neither own nor lease any propety nor does il have any employpes. Under its $tIlUtiM. ¢haritytrustees may not recoive financial bgnefft from MS&RT. The Trust operates thr( the vothtay, unpahj work of its trustees.
MERIDEN SPORTS AND RECREATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Recrultment and appointment of new tnJ$tees The G¢)vemance of the charity is overseen by the tard of Tnjstees (The knard). Trustees a recwiled by the Board consider the $ki#s cuThenlty availat4e and then identity the requirwnents needed of any additional or reptacemenl trustee. Pol8ntial trustees tre invited to a preliminary (liscussion the Board. In SUCtsSsful apwntrnenl of o trustee. the project diredw prepw8s and prodeS do1mentary and verbal induction pack to intr(yJuce the trustee lo the Workw and ctydives of the organlsation. There are eh1 Inlees. positions. Seven are arity Twstees appomted for between 2- and 4-year terms d 0 is a trustee rvJmin8ted by Mgrldon Pwtsh 8 wicmj cl 3 years. Organlsallonal structure A board of up to 8 trustees {inclu(fing a P&ish Ccl mne8) drawn from Merlden and the surroundiThJ area act as the Board for Ihe Trust. t*Jring 2024125 the following V&pre 1rust888: Dawd Buckland Gery Russell steve AJIck chard Lews Adrian Wocxl Carol 8uckland Heath Morelon - ChaK aThJ Ink to Ihe Charilies Commisslth and CCLA - Past chair and li to CCLA - SeL¥elary (resigned 21.11.2024) - Treasurer - Past thair and joint reswthw fLr the small grants wogrnmm8 - Small grants prowime - Assists ¥th publ Trustees continue lo recognise that Ihe Bowd retains a balance of skils and that new polenlial tNstees wlth the Ilght s[[S are identifEd to replace retiring truste8S at the erKI of t iemis of office. A5 in the pr8wou$ year. Iruslees make It a wiority to encourage terest h becomw 8 trustee V+ithin the local coMmuY by blicising wqdely on its vRbsite and eJse%there the wnrthance ofthis charfty to the ftjture of the Parish and al the same time emphasising that the Imne comrnilment is highty manageable. 2S_i)L.2<) Approved ty Lyder the to8rd of trustees ............................................. and swJned on Its behatf by.. D Buckiand- Trustee Page 5
INDEPENDENT EXAMhNER'S REPORT TO THE TRUSTEES OF MERIDEN SPORTS AND RECREATM)N TRusr Ind•pendont •xamln•rfs r•port to th¥ tnmtO of Merld•n 8ptsrtB and RKreatkm Trust I report to the tharity tru$le8s on my eXaminatic L the 8ccounts of Meriden Spts and Recreation Trust {th8 fwstl for the year end8d 31 March 2025. R•sponslbllitles and basi> of report As the charity twslees of the Trust yw are respts fc the preparat1 of acC(nIS n aCCordce wth iha requirements of the C1eS Act 2011 ('Ihe Acf). I report In respect of my examinakn ol the Tntsvs 8Ctounts carried jar Secth)n 145 of the Act and In carrying out my examination I have all appkaL4e DIre{Ato grven by Charrty Commission Lder Section 14515)Ib} of th8 Act. Indop•nd•nt •xafflln•rfs stat•m•nl I have completed my exwnination. I confirni that no malwial mallers hav8 come to ry attentlon In nned Y4th the examination gi¥ing me cause lo belie that in matwial resp&c accounting reGords were not kept in rgspect of the Twst as required by SeGUon 130 of the Act or the accounls do not actsjrd wth those records; or th8 accounts do not ccrfnF4y ¥*ith the app¢&ble requ¥emlS ccng the fomi and content of accounts set out in Ihe Charityes {Arts ar Repts> Regulati5 2008 other thgn any requirement that the accounts give a true and fair viw 1$ not a m?tter consldered as part of an independent examination. I have no ccernS and have ccone ac¥oss no cthr matters kn cfjnn8ctiw the examinatN)n to 4¥hich attention sFKJubJ b8 drawn in thi8 repcwl in (der to enable a prow undarstsndiw of Ihe accounts lo be reached. Jeremy Kllson FCA Pfim8 Chartered Accounlants Comer Oak 1 Homer so11hl 8913QG 23106/2025 Page 6
MERIDEN SPORTS AND RECREATION TRUST STATEMENT OF FWANCIAL ACTivrrES FOR THE YEAR ENDED 31 NARCH 2025 2025 Total funds 2024 Total funds Uryeslrthd Endowmert fuNI fund INCOME AND ENDOVlllENTS FROM Investment income 68.518 68,518 66,990 EXPENDITURE ON Charltsbl• a¢tlvltlo$ Grants lo insUlUti8 Suptrt)rt costs Grants to indimduals 62,175 2.498 62,175 2,498 500 55,468 2,497 Total 6&173 65.173 57,965 Nel gain81{lossesl on 1nv8strnts 1111876) (112.876) 203.8(6 NEf INCOMEI{EXPENDITURE) (111876) 1109,531 212,831 RECONCILIATION OF FUNDS Totsl funds Ight fotymrd 91234 2M4646 2,513,8aO 2,301,049 TOTAL FUNDS CARRED FORWARD 94,579 2,309,770 2,404.349 2.513,880 The Mtes form part ofthese fwwiraal slalements Page 7
AIERIDEN SPORTS AND RECREATION TRUST STATEMENT OF FW4ANCIAL POStTION 31 MARCH 2025 2025 Total funds 2024 Total funds lund fund FIXED ASSETS Investments 2,309,770 2.309.770 2.422,646 CURRENT ASSErs Cash at b8nk 96,079 96.079 92.674 CREDITORS ¢Mts fling due within one 11.4401 NET CiIRRENT ASSETS 94579 91,234 TOTAL ASSETS LESS CURRENT LIA8IUTIE8 94.5rn I309,770 2A04.349 2.513,880 NET ASSErs 94.579 1309.rn 2.404,WJ 2,513.880 FUNDS Unrestricted fuThJs EndovmiBnl funds 10 94,579 2.309,770 91,234 2.422,646 TOTAL FUNDS 2,404,349 2.513,880 The financial statéments re apwoved by Ihe Bo¥d d Trte65 and authorised issue on :..&.-..ap%x........... and signoj ffi its behaLI ty. D Buckld- Trustee Page 8
MERIDEN SPORTS AND RECREATION TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activltl•s Cash g8neraled from c4Jerations T15 6.921 Nel cash Fyovided by cf)eratiThJ ac*vitses 775 6.921 Cash flows from Inv•stlng acthililes Interest receiveLI 1630 2.394 Not cash provided by inve8tirKJ actiifjlies 1630 2,394 Change in cash and cash •quivalents In the reporting pevlod Cash and cash equlval•nts at the b•glnnlng of lh¢ r•portlng pellod 9.315 92,674 83,359 C•sh and cash •quivalents at th• WMI of th• roportlng p•rlod 92.674 The notes frm part of these finandal statements
MERIDEN SPORTS AND RECREATKIM TRUST NOTES TO THE STATEMENT ( CASH FLOWS FOR THEYEAR ENDEO 31 MARCH 2025 RECONCILIATION OF 14ET (EXPENDmJREytr4COIAE TO NET CASH FLOW FROM OPERATING ACTMTIES 2025 2024 Net (¢xpendlture)llncom• f¢r lh• vepwong {as per the stalement of Flnanclal Actlvltles Adjustments for: Losses/lgain) on investments Interest received Increase in credita 212.831 112.876 116301 {203.806) (2.394) Net cosh provlded by On8 775 6.921 ALYSIS OF CHANGES W NEf FUNDS Ai 1.4.24 Cash Ih)w Al 31.325 Not ¢Jsh Cash al bgnk 91674 3A05 96,079 91674 3A05 9fj.079 91674 3AQS 9fj.079 The notes f(m pat of these fmancaal slatements P&Je 10
MERIDEN SPORTS AND RECREATIOM TRUST NOTES TO THE FINMCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES B•¥l$ of preparfng the flnanclal ststemtnts Th8 fanCIal stat8ments of the charity, is a wtc b8nefil entity under FRS 102. have been prepared in ordance ¥th the Charilies SORP (FRS 102) 'ALcwnting a1 Reporting by Charities.. Stslernenl of Reccrfnmended Practice applicable to charities preparing 1heir accounts in accord8nce th the Finan¢wl Reporling Slandard applicai4e in Ihe UK and Repub¢ of Ireland IFRS 102) (effective 1 Januwy 20191., Fin8nual Retmyting SIdard 102 Th8 Finandal Repng Standard applicable the UK and Rewb]ic of Irela)d' and Ihe Charilies ALX 2011. The fmancial statements have been prepared un¢Jer tha hisltyical cost ¢onvwrtieyt. wryth tho 8xc8ption of investments whith are induded al market value. as ms>f by the rev4uakn ol certain assets. Income Income is recognised in the Sial8m8nl of Fwial AdjThs vJh8n the charfty has entllemenl lo Ihe fund5. any perfomiance CondinS attached to the itemlsl ol inrne have been met, it is probabl8 that Ihe in¢cne will be rewved and th8 amount can b8 measured r81i8bly. Th& fdlowing specific policies are apph'ed to particular categories of income:. - Inveslment income is eamed through hobjing assets fty inNEstrnent wfj)oses suth as shares and temi deposit aoUnts. It inthdes inte1 oMe l)ich is recogni5ed as it accrues. and dividend Income vthith is recognbsed as the tharws rlght to receive payment is established. Expendilure Al expenditure is accounted for an ac£ruab basis has been dasslfied under activitles that aggregate all costs related lo any particular athity. Expenditure is recognised where there 15 a legal or cStruCtive obligation to make payments to thlrd p8rties', r( is probatk that the settlement V[1 b required and the amwnt of the obFoatic can be measured reli8bty. 11 is calegori5ed under the followng heading8'.- - Costs of raising funds ccrfnFvise ¢osts inawred by tho charlty in th? generan of donation and fundraising inMe. - Expendilure on tharitable adiwknes tlTh8 ry)sts ¥iuwred by the charity n the delivery of its adi¥eS and far its bgnefioarie5. - Other expen(Jiture represents Ihose it$ nrt flig into the celegories above. - All categories of costs indud8 costs that be allocated (Irectty lo such aGtiwties and those costs of an indirÈLa nature necessary to suiwl them. Grants offered subject to conditions vthich have nrrt been met at the ar erKI date are noted as a commitment bul not accrued as expenditure. Taxatlo The charity is exempt from tsx on its thari aclt¥ils. Fund •ccountlng Urweslricte(I funds can be used in acCCe wryth Ihe dwritable objectives at the dlscretlon of the Iruslees. Re$tn"cled funds can cffjly be used fc parCUlar r8strided wrposes within the o"ects of the tharily. Restrictions arise when speufied by the don(x Of v11 finds are raised particular restrfcted purwses. Further explanatIC of the nalure of e8ch furKI is ncbjed in the notes to th& financial ststements. Investments are slated at their far value. Charyes h) far vae are racowised in profft or loss. The fair vdue of a quoted investment is ils bid price. Page11 conlinued...
MERIDEN SPQRTS AND RECREATION TRusr NOTES TO THE FINP14CIAL STATEMENTS- c¢)ntlnu FOR THE YEAR ENDED 31 M*RCH 202S INVESTMENT INCOME 2025 2024 Inveslment income Deposit aCcnI interest 64.596 2.394 1630 68,518 66,990 CHARITABLE ACTMTES csT8 Grant ftjnding of Support costs1se8 note 5) (see note 41 Totals Grants lo Institulior Support costs Grants lo individuals 61175 62.175 2.498 500 1498 61675 1498 65,173 GRAKf8 PAYA8LE 2025 2024 Gran15 to Ins1Ul10nS Grants to individuals 61175 500 55.468 62.675 55.468 The lotsl paid to inslibJkn was as follows.. 2025 2024 Merlden Sports Park Grants to in(JNiduals Floral Society Meriden Aero Mcxlellers erfden Ifilage Ham Art Exhkni 62.012 55,000 300 163 61675 55,468 Page 12 continued...
MERIDEN SPORTS AND RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS - c(nllnuod FOR THE YEAR ENDED 31 MRCH 2025 SUPPORT COSTS Govemance Managemenl Totals Support rnsl$ 99B 1.500 2,498 Sp costs, inckKled in the 8tMW8, are as fokns: 2025 Supp(rt rA)sts 2024 Totsl adivtlles Insurance Website costs Room hire Accountsncy and b3al fees 738 260 662 115 50 1.670 1498 2.497 TRUSTEES. MuNERATIoN AND BENEFITS There were no tnjslees, remUnwali or other bwwfils ts the ended 31 March 2025 nor for the ar ended 31 March 2024. Trust••s' •xp•ns There were no truslees. expenses fty the 31 PAarth 2025 nor for the >tar ended 31 Marth 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES Unrestn"cbJ EThJowxenl fund fund funds INCOME A14D ENDOWMENTS FROM Investmant income 66.990 66,990 EXPENDrruRE ON Ch•rftabh a¢Uvftl•s Grants to listionS SLPFQrt costs 55.468 2,497 55.468 2,497 Totsl 57,965 57,96S Net galns on investments 203.806 203,806 NETINCOME 9.025 203,806 212,831 RECONCILIATION OF FUNDS Told funds braught forward 82.209 2218,840 2.301.049 Page 13 1inued...
MERK)EN SPORTS AND RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnu FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINPXCIAL ACTMfES . conllrbu•d UrYe5tricted Endo*Thent fuThJ rwj Tol81 fvnds TOTAL FUNDS CARRIED FORWARD 91.234 2.422.646 2.513,880 FIXED ASSET WVESTMENTS Llsteil invegtrnents MARKET VALUE Al 1 April 2024 Revaluati$ 2.422,646 1112,878) At 31 March 2025 2,309,770 NET BOOK VALUE At 31 March 2025 2.309,770 At 31 March 2024 2.422,646 There were no M)vestment assets (xbtside the UK. Cost ty valuati at 31 Marth 2025 is reprotell ty. Llsted Investhi¢nt valuati in 2017 Valvab'on in 2018 V8lu8tion in 2019 Valuation in 2020 Valuation in 2021 Valuation 2022 Vakjalion in 2023 Valuation in 2024 V81ualion in 2025 Cost 283,080 34.842 132,843 (57,174) 363,824 183,898 {86,412) 203.805 1112,876) 1,363,940 2,309,770 Page 14 conlinued...
MERKIEN SPORTS WID RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS - ¢¢tInU FOR THE YEAR ENDED 31 MARCH 2025 CREDITORS: AMOUNTS FALLING DUE wmiwi ONE YEAR 2025 2024 Other creditors 1,500 1.440 10. MOVEMENT IN FUNDS Net movemenl in funds At 31.3.25 1.4.24 Unrostrfcted lunds General fund 91lJ4 3,345 94,579 Endowment funds Endowment 2A21646 1111876) 1309,770 TOTAL FUNDS 2,513.880 1109.5311 2A04,349 Net movement in funds. induded i) the above arè as I¥$. Incoming Resources Gains and Movement resources expended losses in funds Unreslricted fvnds Gener81 fund 61518 164ini 3,345 Endowm•rrt funds EThJowment furKI 1112,876) 1112.876) TOTAL FUNDS 68.518 165.1n) (112,8761 109,531) compara11$ for mov•m•nt In fvnds Net movement funds Ai 31.3.24 At 1.4.ZJ Unr•stricted funds General fund 9.025 91,234 Endowmentfunds Endowment lund 2,218,840 203.806 2.422.646 TOTAL FUND8 2.301.049 212.831 2,513.880 Page 15 nlinugd...
MERIDEN SPORTS AND RECREATION TRUST NOTES TO THE FINAMCIAL STATEMENTS- conllnwd FOR THE YEAR ENDED 31 MARCH 2025 10. MOVEMENT IN FUNO8- C(ffnparaliv8 net movement In funds. inc1K1 in the above are as fokn.. Incomifig ResCceS G8Mis and Movement eXPeIed 105S8S in lunds Unrn8trlcted fund4 General ftjnd {S7.965) 9.025 Endowment fund¥ Endowment fund 203,806 203,806 TOTAL FUNDS {57.965) 203,806 212,831 The endy•47ntnt fund is held in inveslment PIde the the Trust with an annual incorn8 that 111 ovide a clear mil for grant aw8rding year yew. maintsining the cawtal to ensure the Tru5Vs )ility to CtIntse to lulfil Its oL4ect6ves in ar5 •NI decades to come. 11. RELATED P*ATY fMscLOSURES Therè were no related paty tr•act lor the year ended 31 Marth 2025. Page 16