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2025-10-31-accounts

Draft Financial Statements at 18 June 2026 at 12:11:15

Company registration number 08756510 (England and Wales) Charity registration number 1165021 (England and Wales)

ABBOTS BROMLEY SPORTS ASSOCIATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees G Roberts
A Tolley
S Chapman
C Wood
K Brindley
J Chapman
M Darnborough
K Redfern (Appointed 5 November 2024)
Country of incorporation United Kingdom 08756510
(England and Wales)
Charity registration England and Wales 1165021
Registered office Manor Farm Hall Hill Lane
Abbots Bromley
Rugeley
West Midlands
United Kingdom
WS15 3DG
Independent examiner T&W Accounts Ltd
19-21 Hatchett Street
Birmingham
West Midlands
United Kingdom
B19 3NX
Accountants T&W Accounts Ltd
19-21 Hatchett Street
Birmingham
West Midlands
United Kingdom
B19 3NX

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

CONTENTS

Page
Chairman's statement 1 - 2
Trustees' report 3 - 9
Statement of trustees' responsibilities 10
Independent examiner's report 11
Statement of financial activities 12
Balance sheet 13
Notes to the financial statements 14 - 20

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

CHAIRMAN'S STATEMENT

FOR THE YEAR ENDED 31 OCTOBER 2025

It gives me great pleasure to introduce Abbots Bromley Sports Association’s ninth Annual Report, which sets out, for our supporters and the community, our achievements over the year as a Charity and our continuing commitment to future aspirations and plans.

Phase 3 Fundraising

During the period of this report, the Charity has continued to fundraise in pursuit of completing Phase 3 of this vital community project. In the lead-up to October 2025, the Trustees enabled a fundraising programme to extend the activities available at the facility, with the aim of further promoting significant inclusivity amongst all participants utilising the site.

Over 5,000 men, women and children now benefit physically, mentally, socially and emotionally from the facility.

New All-Weather Court

The successful crowdfunding campaign in early 2025 brought about the construction of a multi-use, secure allweather court, which has significantly increased the number of young children and women visiting the site to play sport, stay active, and build a more cohesive community.

Green Spaces & Community Access

The green spaces continue to be maintained and improved throughout the seasons, and remain fully open to all members of the wider community of East Staffordshire.

Annual Fundraising Event

In June 2025, we once again staged a significant fundraising event which enabled us to reinvest in the facility through new machinery and improved services. For a small organisation operating in the charitable sector — an already challenging environment — local support is critical to our financial survival. The Trustees are enormously grateful for the continued backing of our local community and partner Clubs.

Our Landlord: Friel Homes

Our landlord, Friel Homes, continues to provide ABSA with an indeterminate, rent-free lease and has given its unwavering support for the conclusion of the project. The Charity remains sincerely grateful for this generosity.

Financial Stewardship & Looking Ahead

Despite these challenges, the Trustees are delighted with the small operating surplus achieved through smart stewardship of the funding received and through our various income streams. As we move forward to complete Phase III of the project, we are now focused on building a more sustainable future with longer-term funding aligned directly to the Association’s purpose.

Acknowledgements

Huge thanks go from myself and the Trustee Board to all the volunteers for their work, dedication and commitment in maintaining and sustaining the site, and to the Clubs who are such engaged and supportive partners of the project as a whole.

As in previous years, I should like to extend my personal thanks to each and every one in Abbots Bromley and the surrounding area — and specifically to the Trustees — for all that has already been achieved. They unwaveringly continue to work tirelessly towards our vision of an integrated community facility for sport, health, and social inclusion for all members of the community in which we live.

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

.............................. Christopher Wood Chairman

Date: .........................

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 OCTOBER 2025

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

Our Purpose

To promote, for the benefit of the inhabitants of Abbots Bromley and the surrounding area, the provision of facilities for recreation and leisure. We serve individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances — and the wider public — in the interests of social welfare and with the object of improving the condition of life of local inhabitants.

Reference and Administrative Information

ABSA is a company limited by guarantee, registered with the Charity Commission for England and Wales. The charity operates under its governing document and in accordance with the Companies Act 2006 and Charity Commission guidance.

Registered address Manor Farm,Hall Hill Lane,Abbots Bromley,Staffordshire,WS15 3DG
Accounting period 1 November 2024 – 31 October 2025
Legal form Companylimited by guarantee(use of 'Limited' exemption)

Objectives and activities Our Vision

ABSA exists to provide stability and leadership in sport and recreation within the community. Working in close collaboration with local schools, clubs, societies and the local authority, we aim to deliver well-maintained, safe facilities alongside a progressive investment programme — all within a sustainable framework that serves both current and future generations.

Strategies for achieving aims and objectives

Trustees recognise the need for short, medium and long-term strategies to deliver the charity's purpose and vision:

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

Activities

Public Benefit

The trustees have had full regard to the guidance issued by the Charity Commission in deciding what activities the charity should undertake and are satisfied that all activities undertaken during the year are in line with the charity's stated purposes and deliver direct public benefit to the community of Abbots Bromley and the surrounding area.

Partnerships and Volunteers

Key Partners

Partnerships are central to everything ABSA does. During the year, the charity maintained and developed close working relationships with a wide range of community organisations and statutory bodies, including:

These partnerships are not purely transactional. They reflect a shared commitment to ensuring that ABSA's facilities and programmes are genuinely inclusive and accessible to all those who live, work and study in the community. ABSA will continue to seek new alliances, both locally and further afield, as the charity grows.

Volunteers

ABSA is entirely volunteer led. All trustees, committee members and those contributing to community activities do so on a fully voluntary basis. The charity is grateful to everyone who gives their time and energy to support its work.

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

Achievements and performance

Significant activities and achievements against objectives Highlights of the Year

This has been a year of continued progress across the development programme. Key achievements include:

The New Sports Facilities — Development Phases

The development of the new grounds has been structured in three phases:

Phase Status Description Est. Cost
Phase 1 — Cricket
Ground
COMPLETED		 Groundworks commenced August 2016. New
12-pitch cricket square created with full
drainage and natural balancing pond. Cricket
first played in 2021. Now the home of Abbots
BromleyCricket Club(ABCC).



£250,000
Phase 2 — Football
Pitches
COMPLETED		 73% externally funded (Football Foundation
and Staffordshire FA). Junior and senior
football pitches, car parking, boundaries,
security gate and utilities installed. Football first
played in 2023. Now the home of ABFC and
ABFJC, and regularly used by Uttoxeter Junior
Football.





£360,000
Phase
3
—
Community
Clubhouse
IN PROGRESS		 We are now firmly in the 3rdand Final phase: to
build a community clubhouse for all sporting
activities and as a wider community hub.
Projected cost £800,000. Temporary changing
and shower facilities are in place in refitted
temporary
buildings
while
planning
and
fundraisingcontinue.





£800,000

All-Weather Multi-Use Court

ABSA successfully fundraised and crowdfunded for an all-weather multi-use court, securing significant contributions from HS2, Sport England and the Mark Benevolent Fund, as well as generous support from local individuals and businesses. The court now hosts netball, hockey, women's football, walking football, junior football training and holiday camps.

Financial review

Going concern

The trustees are satisfied that the charity has adequate financial controls in place. With no direct costs to individuals for use of services, and with strong financial management practices, ABSA remains financially stable.

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

It is the policy of the charity to maintain unrestricted, undesignated funds at a level equivalent to between three and six months' expenditure. The trustees consider this level of reserves sufficient to ensure that, in the event of a significant reduction in income, the charity could continue its current activities while seeking additional funding. This level of reserves has been maintained throughout the year.

Principal funding sources

During the year, the charity's income was derived from the following principal sources:

Investment policy

The charity currently has no formal investment policy. Whilst ABSA remains in its facilities development phase, all resources are directed towards fundraising and capital investment. The trustees will establish a social investment policy in due course as the facilities become operational and revenue income grows.

Major risks

The trustees have identified and keep under review the following principal risks:

The trustees review these risks at board meetings and take appropriate mitigating actions where possible.

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

Structure, governance and management Legal Structure

ABSA is a company limited by guarantee without share capital, operating under an exemption from the requirement to use 'Limited' in its name. The charity is governed by its Articles of Association and complies with charity and company law requirements.

Trustee Recruitment and Induction

Trustees are recruited in accordance with the charity's governing document. New trustees are inducted by the Chair and provided with the following on appointment:

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Payment of Creditors

The charity follows the CBI Prompt Payers Code. It is the company's policy to agree payment terms with suppliers at the point of contracting, to ensure suppliers are made aware of those terms, and to pay in accordance with its contractual and other legal obligations. Trade creditors at the year-end were nil.

Social Investment

ABSA's current approach to social investment is delivered through the direct delivery of its charitable purpose and through its transparency to the community it serves. The trustees will develop a formal social investment policy in due course as the facilities programme advances.

I Haywood (Resigned 14 July 2025) G Roberts A Tolley S Chapman C Wood K Brindley J Chapman M Darnborough K Redfern (Appointed 5 November 2024)

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

Introduction to the trustees

Christopher Wood - Chair

Chris has lived in Abbots Bromley for 39 years. He has over 39 years’ executive experience in global corporates, followed by six years of running his own business whilst at the same time working in a senior leadership level in the public sector.

Chris held international directorate posts in sales, sales support, logistics and corporate affairs for Johnson & Johnson Ltd, the most diverse healthcare company in the world. Following his corporate career he held nonexecutive and Chair of the Board of Directors of Burton Hospitals Foundation NHS Trust

Ian Haywood

Ian has spent the majority of his life living in Abbots Bromley. During that time he has been Treasurer of Abbots Bromley Cricket Club, a manager & coach of Abbots Bromley Junior Football Club. He is jointly responsible for the facilities at ABCC. He is also a member of the Tennis club.

His professional background is in Civil Engineering, he has remained at his current employer (based in the West Midlands and in Scotland) for the past 20 years, where he holds the post of Managing Director.

Sarah Whitehouse

Sarah has lived in Abbots Bromley since 1991 and has a background in sales and marketing, plus over 30 years managing her own businesses. This has given her much experience in logistics, HR, purchasing, accounting and

quality assurance (helping her business achieve accreditations for Investors in People and ISO90001). Presently she manages a property management and development company.

Glen Roberts

Glen has lived in Abbots Bromley since 1993 and has played for and held various roles on the Committee of Abbots Bromley Cricket Club. His Career background is in Electronic Engineering and is currently Industrialisation Manager and Brilliant Factory Program Leader for GE Grid Solutions and is based in Stafford UK.

Andy Kirkland

Andy Kirkland has lived in Abbots Bromley for almost 50 years being an active member of the Cricket and Football teams. He has been a playing member of Abbots Bromley Cricket Club for 44 years having been Second X1 Captain and Ground and Facilities Chairman.

He has a background in Health and Safety and Facilities Management, currently being Facilities Manager for INSPIRED Gaming Incorporation.

Mark Darnbrough

50yr old UK Commercial Sales Manager in the flooring industry . Lived in the village 3 1/2 years. Ex RAF and Police Officer with experience in community.

Likes to get involved with community activities and helps out at events. Gives spare time to help look after and improve the ABSA facilities

Alan Tolley

Alan has lived in Abbots Bromley since 1999. He is an engineer by profession, and was, until his recent retirement,

a Group Director at J C Bamford Excavators. He now runs a consultancy business specialising in powertrain technology. His interests include vernacular architecture, country walks, skiing and cycling. He is married and has a daughter, who attended Abbots Bromley School for Girls.

Born in Hertfordshire in 1955, he was educated at Letchworth Grammar School and New College, Oxford.

Mark Darnborough

Mark has lived in Abbots Bromley for seven years. He is an ex RAF and police officer.

He like to get involved with community activities and help with events .

All Trustees complete Conflict of Interest annually. - 8 -

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

The trustees' report was approved by the Board of Trustees.

.............................. C Wood Trustee Date: .............................................

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 OCTOBER 2025

The trustees, who are also the directors of Abbots Bromley Sports Association for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ABBOTS BROMLEY SPORTS ASSOCIATION

I report to the trustees on my examination of the financial statements of Abbots Bromley Sports Association (the charity) for the year ended 31 October 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

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 that in any material respect:

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 financial statements to be reached.

T&W Accounts Ltd

19-21 Hatchett Street Birmingham West Midlands B19 3NX United Kingdom Date: ............................

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 OCTOBER 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
21,222
96,992
Other trading activities
4
43,958
-
Total income
65,180
96,992
Expenditure on:
Raising funds
5
19,183
-
Charitable activities
6
28,702
-
Total expenditure
47,885
-
Net income
17,295
96,992
Transfers between funds
96,992
(96,992)
Net movement in funds
7
114,287
-
Reconciliation of funds:
Fund balances at 1 November 2024
151,105
-
Fund balances at 31 October 2025
265,392
-		 Total
Unrestricted
funds
2025
2024
£
£
118,214
36,295
43,958
44,198
162,172
80,493
19,183
26,236
28,702
21,636
47,885
47,872
114,287
32,621
-
-
114,287
32,621
151,105
118,484
265,392
151,105		 Total
Unrestricted
funds
2025
2024
£
£
118,214
36,295
43,958
44,198
162,172
80,493
19,183
26,236
28,702
21,636
47,885
47,872
114,287
32,621
-
-
114,287
32,621
151,105
118,484
265,392
151,105
80,493
26,236
21,636
47,872
32,621
-
32,621
118,484
151,105

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

BALANCE SHEET

AS AT 31 OCTOBER 2025

Notes
Fixed assets
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
The funds of the charity
Unrestricted funds
15		 2025
£
2,100
3,670
32,691
38,461
(10,202)		 £
237,133
28,259
265,392
265,392
265,392		 2024
£
-
-
68,264
68,264
(3,611)		 £
86,452
64,653
151,105
151,105
151,105

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 October 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the trustees on .........................

..............................

C Wood

Trustee

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

1 Accounting policies

Charity information

Abbots Bromley Sports Association is a private company limited by guarantee incorporated in England and Wales. The registered office is Manor Farm Hall Hill Lane, Abbots Bromley, Rugeley, West Midlands, WS15 3DG, United Kingdom.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 10% straight line Plant and equipment 10% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
15,686
-
Grants
-
96,992
Membership fees
5,536
-
21,222
96,992		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
15,686
28,609
-
96,992
900
-
5,536
6,786
-
118,214
36,295
-		 Total
2024
£
28,609
900
6,786
36,295

4 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Income from fundraising events 16,125 26,264
Sponsorships 6,511 9,853
Other income 21,322 8,081
Other trading activities 43,958 44,198

5 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Staging fundraising events 7,697 18,113
Advertising 400 429
Support costs - 260
8,097 18,802
Trading costs
Other trading activities 11,086 7,434
Total costs 19,183 26,236

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

6 Expenditure on charitable activities

Overheads Overheads
2025 2024
£ £
Direct costs
Depreciation and impairment 8,653 9,734
Insurance 1,824 -
Legal and professional 64 -
Bank charges 118 140
Repairs 13,379 7,929
Telephone and internet 237 554
IT Software and consumables 470 74
Cleaning 1,310 -
Light, power and heating 1,922 455
Charitable donations 725 2,750
28,702 21,636
Analysis by fund
Unrestricted funds 28,702 21,636
7 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements - -
Depreciation of owned tangible fixed assets 8,653 9,734

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

11
Tangible fixed assets
Leasehold
improvements
Plant and
equipment
£
£
Cost
At 1 November 2024
-
112,299
Additions
149,060
2,500
At 31 October 2025
149,060
114,799
Depreciation and impairment
At 1 November 2024
-
18,073
Depreciation charged in the year
-
8,653
At 31 October 2025
-
26,726
Carrying amount
At 31 October 2025
149,060
88,073
At 31 October 2024
-
86,452		 Total
£
112,299
151,560
263,859
18,073
8,653
26,726
237,133
86,452
The leasehold improvements were not brought into operational use by the year end and accordingly
depreciation has not yet commenced.
12 Stocks
2025 2024
£ £
Finished goods and goods for resale 2,100 -
13 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 1,570 -
Prepayments and accrued income 2,100 -
3,670 -
14 Creditors: amounts falling due within one year
2025 2024
£ £
Other creditors 10,202 3,611

Draft Financial Statements at 18 June 2026 at 12:11:15 ABBOTS BROMLEY SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
November
2024
Incoming
resources
Resources
expended
Transfers At 31
£
£
£
£
General funds
151,105
65,180
(47,885)
96,992
Previous year:
At 1
November
2023
Incoming
resources
Resources
expended
Transfers At 31
£
£
£
£
General funds
118,484
80,493
(47,872)
-		 October
2025
£
265,392
October
2024
£
151,105

During the year the charity received restricted grant funding of £96,992 towards the construction of the allweather sports court and associated facilities. Upon expenditure on the approved project, the related restricted funds were released and transferred to unrestricted funds.

16 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).