BOUNDARY PARK SPORTS ASSOCIATION
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Charity Numbers: 1167578 (England and Wales)
BOUNDARY PARK SPORTS ASSOCIATION
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
| CONTENTS | PAGE |
|---|---|
| General information | 2 |
| Trustees’ Annual Report | 3-4 |
| Responsibilities of the Trustees | 5 |
| Independent Examiner’s report to the members | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the financial statements | 9-16 |
1
BOUNDARY PARK SPORTS ASSOCIATION
GENERAL INFORMATION
Registered charity name Boundary Park Sports Association Charity number 1167578 Principal & registered office address Greenwood Way Didcot OX11 6EY Trustees Andrew Rolfe (resigned October 2024) Andrew Couldrick (resigned October 2024) Jane Moreton (resigned June 2024) Anthony Atkin David Pryor Nicholas Clarke Paul Costello Nicholas Couldrick Nichola Poulton Karen Baker Lee Marsden David Lewis Scott Clifford Martin Freeman (appointed October 2024) Darren Fisher (appointed October 2024)
Accountants SPX Oxford Ltd Peace House 19 Paradise Street Oxford OX1 1LD Independent examiner Sheila Parry Bankers HSBC
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BOUNDARY PARK SPORTS ASSOCIATION
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Board of Trustees present their report and the unaudited financial statements of the Charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and administrative details are shown in the schedule of general information on page 2 of the financial statements.
THE TRUSTEES
The trustees who served the charity during the year are shown on Page 2.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing document, a foundation constitution, and is a Charitable Incorporated Organisation.
FINANCIAL REVIEW
The financial position of the charity is secure. It performed in line with budget for and continues to receive support from the S106 commuted sum which is forecast to last for at least the next five years.
The pitches continue to be used to capacity by the member clubs and interest in the tennis courts/MUGA remains high. The trading subsidiary is delivering as expected and the board of trustees are happy with the performance of the directors.
The charity is able to meet its anticipated commitments.
The Trustees have no concerns about the organisation’s ability to continue as a going concern
PUBLIC BENEFIT STATEMENT
As set out in the objects below, the charity exists to provide facilities for sport at Boundary Park. In addition to the formal sport provided by the associated clubs, members of the public are free to use the park for informal recreation.
Boundary Park has become an outdoor hub for the community with residents using the park as a place to meet as well as to take advantage of the park for physical exercise.
OBJECTIVES AND ACTIVITIES
The objects of Boundary Park Sports Association (BPSA) are:
-
to promote, sustain and increase, for the benefit of the public, the physical education of young people
-
to advance, for the benefit of the public, amateur sport for all ages through any sports or games which promote health by involving physical or mental skill or exertion and which are undertaken on an amateur basis.
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BOUNDARY PARK SPORTS ASSOCIATION
BPSA aims, though the management of Boundary Park, to support the provision of a variety of facilities for sport, leisure, and recreation to enable local people to enjoy sporting activities and to be able to compete if they wish.
BPSA wholly owns Boundary Park (GWP) Limited, a trading subsidiary which holds the lease for the Bar & Social Area part of the pavilion. The directors of this trading company are appointed by the Trustees, but the company is run independently to BPSA. Any distributable profits made by the trading subsidiary are gifted to BPSA and used to improve the sporting facilities provided.
During the year the sports provided by the associated clubs are rugby, football, cricket, cycling, running tennis and netball.
ACHIEVEMENTS AND PERFORMANCE
In 2024/25 Boundary Park Sports Association continued to meet its charitable objectives, deliver on its financial projections, and remain a key part of the community on Great Western Park and in the wider Didcot area & surrounding villages.
Not only through its sporting credentials, but also through the community and charity events it hosts in the park and pavilion. It was never designed to be purely a sports club, but to foster a sense of community amongst the residents and act as a focal point.
The trustees are very happy that in this regard the sports association has met its objectives and are pleased with its performance, both from a participation level and also financial performance.
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BOUNDARY PARK SPORTS ASSOCIATION
RESPONSIBILITIES OF THE TRUSTEES
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.
Charity Law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the income and expenditure of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINATION
The nominated independent examiner will be considered by trustees for re-appointment for the ensuing year.
Signed on behalf of the trustees
Date 16[th] October 2025
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BOUNDARY PARK SPORTS ASSOCIATION
INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF BOUNDARY PARK SPORTS ASSOCIATION
FOR THE YEAR ENDED 31 MARCH 2025
I report on the accounts of the Charity for the year ended 31 March 2025, which are set out in pages 7-15
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (“the 2011 Act”) and that an independent examination is needed .
It is my responsibility to:
-
Examine the accounts (under Section 145 of the 2011 Act);
-
Follow the procedures laid down in the General Directions given by the Charity Commissioners under Section 145(5)(b)
of the 2011 Act); and
- State whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER’S REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is expressed as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER’S STATEMENT
I have completed my examination. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Chartered Association of Certified Accountants. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts do not accord with the accounting records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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 accounts to be reached.
……………………………………………… Sheila Parry FCCA SPX Oxford Ltd 19 Paradise Street Oxford OX1 1LD
Date ……18 November 2025………………………………..
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BOUNDARY PARK SPORTS ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
| Notes Income from: Donations 3 Charitable activities 4 Total income Expenditure on: Charitable activities 5 Other Total expenditure Net income / - expenditure Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forwards Total funds carried forward |
Unrestricted Funds £ 57,408 167,108 224,516 290,692 - 290,692 - 66,176 47,925 - 18,251 257,509 239,258 |
Restricted Funds £ - 83,925 83,925 16,000 - 16,000 67,925 - 47,925 20,000 - 20,000 |
Total 2025 £ 57,408 251,033 308,441 306,692 - 306,692 1,749 - 1,749 257,509 259,258 |
Unrestricted Funds £ 31,120 149,946 181,066 220,521 - 220,521 - 39,455 42,369 2,915 254,595 257,509 |
Restricted Funds £ - 30,972 30,972 7,632 - 7,632 23,340 - 42,369 - 19,029 19,029 - |
Total 2024 £ 31,120 180,918 |
|---|---|---|---|---|---|---|
| 212,038 | ||||||
| 228,153 - |
||||||
| 228,153 | ||||||
| - 16,115 - |
||||||
| - 16,115 | ||||||
| 273,624 | ||||||
| 257,509 |
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 9 to 16 form part of these financial statements.
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BOUNDARY PARK SPORTS ASSOCIATION
BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2025 | 2024 | 2024 | ||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| Notes | |||||||
| FIXED ASSETS | |||||||
| Investments | 1 | 1 | |||||
| Tangible Assets | 9 | 100,643 | 100,643 | 68,043 | |||
| CURRENT ASSETS | |||||||
| Debtors | 10 | 96,351 | 70,974 | 70,974 | |||
| Cash at bank | 88,398 | 123,398 | 123,398 | ||||
| 184,749 | 194,372 | 194,372 | |||||
| CREDITORS:Amounts falling due within one year |
11 | 26,135 | 4,907 | 4,907 | |||
| NET CURRENT ASSETS | 158,614 | 158,614 | 189,465 | ||||
| NET ASSETS | 259,258 | 259,258 | 257,509 | ||||
| FUNDS | |||||||
| INCOME FUNDS | |||||||
| Unrestricted Income funds | 12 | 239,258 | 257,509 | ||||
| Restricted Income funds | 13 | 20,000 | |||||
| - | |||||||
| TOTAL INCOME FUNDS | 259,258 | 259,258 | 257,509 |
For the year ended 31 March 2025 the charity was entitled to exemption from audit under section 145 of the Charities Act 2011. Trustees responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 145; and
-
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements were approved by the members of the committee and authorised for issue on 16[th] October 2025. and are signed on their behalf by:
Paul Costello Trustee
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BOUNDARY PARK SPORTS ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. ORGANISATION STATUS
Boundary Park Sports Association is a Charitable Incorporated Organisation.
2. ACCOUNTING POLICIES
Basis of accounting
The charity constitutes a public benefit entity as defined by FRS102.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Income
All income is included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Fixed assets
Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Indoor equipment and CCTV – 25% straight line Computer and AV equipment – 25% straight line Plant and machinery – 25% straight line Leasehold improvements – 25% straight line
Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure represents amounts invoiced, including value added tax.
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BOUNDARY PARK SPORTS ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)
Taxation
The Charity is exempt from corporation tax on its charitable activities.
3. DONATIONS AND LEGACIES
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Unrestricted | Restricted | Funds | |
| 2025 | 2024 | |||||
| £ | £ | £ | £ | £ | £ | |
| From BPSA GWP Ltd |
57,408 | - | 57,408 | 31,020 | - | 31,020 |
| Other donations | - | - | 100 | - | 100 | |
| Donations | 57,408 | - | 57,408 | 31,120 | - | 31,120 |
4. INCOME FROM CHARITABLE ACTIVITIES
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Unrestricted | Restricted | Funds | |
| 2025 | 2024 | |||||
| £ | £ | £ | £ | £ | £ | |
| Grants | 51,000 | 83,925 | 134,925 | 62,200 | 11,825 | 74,025 |
| Club Levies | 49,382 | - | 49,382 | 42,172 | 4,036 | 46,208 |
| Other income | 15,223 | - | 15,223 | 8,201 | - | 8,201 |
| Pitch hire income | 11,295 | - | 11,295 | 7,654 | 3,058 | 10,712 |
| Tennis Court Income |
13,406 | - | 13,406 | 1,530 | 12,053 | 13,583 |
| Turnover rent from GWP |
26,802 | - | 26,802 | 28,189 | - | 28,189 |
| 167,108 | 83,925 | 251,033 | 149,946 | 30,972 | 180,918 |
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BOUNDARY PARK SPORTS ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)
5. EXPENDITURE ON CHARITABLE ACTIVITIES
| Bank Charges Grounds equipment Grounds maintenance contracts Tennis Courts / MUGA expense Indoor equipment and furniture Salaries Employer's National Insurance Pension costs Cleaning costs Depreciation Donations to local sports clubs Light, Power, Heating Machinery running costs Other running costs Outdoor equipment and furniture Rates and utilities Repairs and maintenance Insurance Security costs Website Governance costs |
Unrestricted £ 617 31,308 22,615 1,870 - 87,889 - 1,300 2,124 59,741 2,867 23,324 1,526 15,028 1,415 4,655 27,256 4,729 67 250 2,111 290,692 |
Restricted £ - - 15,000 - - - - - - - - - - 1,000 - - - - - - - 16,000 |
Total Funds 2025 £ 617 31,308 37,615 1,870 - 87,889 - 1,300 2,124 59,741 2,867 23,324 1,526 16,028 1,415 4,655 27,256 4,729 67 250 2,111 306,692 |
Unrestricted £ 608 13,894 16,920 241 311 67,831 - 962 979 2,395 47,843 5,032 22,764 2,127 13,010 123 2,945 16,822 4,829 67 668 2,074 220,521 |
Restricted £ - - - 1,145 - 4,064 - - - - - - - 604 - - 1,819 - - - - 7,632 |
Total Funds 2024 £ 608 13,894 16,920 1,386 311 71,895 - 962 979 2,395 47,843 5,032 22,764 2,127 13,614 123 2,945 18,641 4,829 67 668 2,074 |
|---|---|---|---|---|---|---|
| 228,153 |
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BOUNDARY PARK SPORTS ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)
6. GOVERNANCE COSTS
| Accountancy costs Independent Examination fee |
Unrestricted £ 1,711 400 2,111 |
Restricted £ - - - |
Total Funds 2025 £ 1,711 400 2,111 |
Unrestricted £ 1,674 400 2,074 |
Restricted £ - - - |
Total Funds 2024 £ 1,646 393 |
|---|---|---|---|---|---|---|
| 2,039 |
7. STAFF COSTS
| Wages Social security costs Pension contributions |
2025 £ 87,889 - 1,300 89,189 |
2024 £ 71,895 - 962 979 |
|---|---|---|
| 71,912 |
The average number of employees during the year was 4 (2024: 5) No employee received benefits exceeding £60,000
8. INVESTMENTS
Boundary Park Sports Association owns a £1 share in its trading subsidiary Boundary Park GWP Ltd.
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BOUNDARY PARK SPORTS ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)
9. TANGIBLE FIXED ASSETS
| COST At 1st April 2024 Additions At 31 March 2025 DEPRECIATION At 1st April 2024 Charge for the year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Computer and AV equipment £ 5,595 - 5,595 5,595 - 5,595 - - |
Equipment, Marquees, and CCTV £ 56,765 - 56,765 48,384 4,308 52,692 4,073 8,381 |
Plant and machinery £ 79,052 10,636 89,688 67,174 8,844 76,018 13,670 11,878 |
Leasehold improvements £ 217,126 81,705 298,831 169,342 46,589 215,931 82,900 47,784 |
Total £ 358,538 92,341 |
|---|---|---|---|---|---|
| 450,879 | |||||
| 290,495 59,741 |
|||||
| 350,236 | |||||
| - 100,643 |
|||||
| 68,043 |
10. DEBTORS
| 0. DEBTORS | ||
|---|---|---|
| Amounts due from GWP Ltd Other debtors and accrued income Prepayments VAT receivable |
2025 £ 84,278 1,382 5,919 4,772 96,351 |
2024 £ 59,209 2,799 5,870 3,096 |
| 70,974 |
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BOUNDARY PARK SPORTS ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)
11. CREDITORS
| 1. CREDITORS | ||
|---|---|---|
| Trade creditors Payments to pension provider Taxation and social security Accruals |
2025 £ 20,641 195 2,426 2,873 26,135 |
2024 £ 696 195 - 122 4,138 |
| 4,907 |
12. UNRESTRICTED INCOME FUNDS
| General funds Designated funds: Depreciation fund Pitch fund Pavilion decoration and repair fund Tennis Courts and MUGA maintenance |
Balance at 31 Mar 2024 £ 135,108 68,043 21,000 9,205 24,153 257,509 |
Income £ 205,562 - - - 18,954 224,516 |
Expenditure £ - 286,241 - - - - 4,451 - 290,692 |
Transfers relating to capital expenditure £ - 50,103 - - - 50,103 |
Transfers to / from designated funds 15,325 - 17,503 - - - - 2,178 |
Balance at 31 Mar 2025 £ 69,754 100,643 21,000 9,205 38,656 |
|---|---|---|---|---|---|---|
| 239,258 |
*The depreciation fund was created in as a designated fund for future depreciation of capitalised spend. An additional £50,103 was transferred into this fund for this year’s capital expenditure from restricted funds. A transfer of £17,503 represents the balance needed to keep the balance in this fund the same as the future depreciation of assets (see note 9).
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BOUNDARY PARK SPORTS ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)
13. RESTRICTED INCOME FUNDS
| South Oxfordshire District Council: contribution to pitch maintenance Vale of White Horse District Council: Rugby project Vale of White Horse District Council: Hybrid cricket pitch Total funds |
Balance at 31 Mar 2024 £ - - - - |
Income £ 15,000 42,925 26,000 83,925 |
Expenditure £ - 15,000 - - 1,000 - 16,000 |
Transfers relating to capital expenditure £ - - 45,103 - 5,000 - 50,103 |
Transfers to / from designated or general funds - 2,178 - 2,178 |
Balance as at 31 March 2024 £ - - 20,000 |
|---|---|---|---|---|---|---|
| 20,000 |
14. ANALYSIS OF FUNDS BY ASSET TYPE
| Fixed assets Net current assets/liabilities |
Unrestricted £ 100,643 138,615 239,258 |
Restricted £ - 20,000 20,000 |
Total Funds 2024 £ 100,643 158,615 259,258 |
Unrestricted £ 70,166 125,320 195,486 |
Restricted £ - 46,008 46,008 |
Total Funds 2023 £ 70,166 171,328 |
|---|---|---|---|---|---|---|
| 241,494 |
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BOUNDARY PARK SPORTS ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)
15. TRUSTEE REMUNERATION, KEY MANAGEMENT PERSONNEL & RELATED PARTY TRANSACTIONS
No member of the board of trustees received any remuneration or were reimbursed for any expenses during the reporting period.
The key management personnel are the voluntary trustees so there was no expenditure on key management personnel during the reporting period.
The following related party transactions occurred during the reporting period:
| Related party | Nature of relationship |
Nature of transaction | Amount |
|---|---|---|---|
| Boundary Park (GWP) Ltd | Trading subsidiary |
Payment to GWP for salary recharges | £29,075 |
| Boundary Park (GWP) Ltd | Trading subsidiary |
Payment to GWP for joint costs paid by GWP Ltd |
£4,962 |
| Boundary Park (GWP) Ltd | Trading subsidiary |
Receipt from GWP for pitch hire | £436 |
| Boundary Park (GWP) Ltd | Trading subsidiary |
Amount due from GWP for rent | £26,802 |
| Boundary Park (GWP) Ltd | Trading subsidiary |
Donation from GWP Ltd to parent charity | £57,408 |
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