2024-03-31-accounts - Master Park Pavilion Charity

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MASTER PARK PAVILION CHARITY

PO BOX 164 OXTED RH8 9WE

Registered Charity Number: 1169040

TRUSTEES OF

MASTER PARK PAVILION CHARITY, OXTED 

REPORT OF TRUSTEES FOR YEAR ENDED 31st MARCH 2024



Registered Charity No. 1169040

Charity number : 1169040

Contact address : Master Park Pavilion Charity PO Box 164 Oxted RH8 9WE Bankers : Barclays Bank Business Banking Leicester, LE87 2BB

Independent Examiner :

Trustees @ members of the Committee

Name	Position	Joined	Additional Role
Ms P McNaughton	Trustee	2.7.2019	2 Member
Mr I Beagley	Trustee	1.9.2016	1
Mr P Trayner	Trustee	1.9.2016	1 Chair
Mr R Thomas	Secretary	6.7.2019	2 Member
Mr I Gibson	Trustee	20.9.2023	2
Mr P Giles	Trustee	20.9.2023	2
Mr N Rivers	Trustee	20.9.2023	2

Ex- Trustees since 2018

P Hanrott, resigned 18.1.2021 R Pitt, resigned 22.4.2022

Change in Trustees post 31/3/2024

I Beagley, resigned July 2024, N Rivers, resigned 25 October 2024, I Gibson, resigned October 2024 P Giles, resigned October 2024

MASTER PARK PAVILION CHARITY, OXTED, SURREY REPORT OF TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024

The Trustees present their report and accounts for the year ended 31st March 2024

Constitution, Objects and Powers

Master Park Pavilion Charity , was established in 2016, it’s constitution comprise the articles of association adopted by the initial subscribing members and as amended thereafter. Its objects are and powers include:

Objects:

The Charity’s objects (“the Objects”) which are for the public benefit are the advancement of amateur sport and the provision of facilities in the interest of social welfare for recreation or other leisure time occupation for individuals in Oxted and surrounding areas who have need of such facilities with the object of improving their conditions of life by:

Promoting participation and coaching in amateur sports (the advancement of which promotes health by involving physical or mental skill or exertion) with particular focus on cricket and football;

Promoting community participation in healthy recreation at facilities owned or rented by the charity or by the trustees of Master Park.

Powers:

To plan, build, manage and maintain Master Park pavilion .

The project will replace the currently unfit-for-purpose pavilion and will create a sustainable park by generating an annual revenue stream with lettings and rents. Planning permission was granted 2[nd] October 2019.

Finance

The accounts for the year ended 31[st] March 2024 show an income of £654,847 and expenditure of £2,712 with accumulated reserves of £751,715 carried forward.

In 2023 Surrey County Council’s Your Fund Surrey awarded Master Park a grant of £1.86 million, this added to the awards by both Tandridge District Council and Oxted Parish Council of £500,000 and £90,000 respectively. Further Applications to the Community Ownership Fund and Donations received from the Community of over £500,000 have allowed contracts to be signed for the construction of the building beginning in October 2023 with a planned completion of Late Autumn 2024.

The Master Park Management Committee agreed to undertake an overall review of its governance position with finance being a significant item within that review.

Activities

With funding in place to match the forecast cost of the new Hub building project, a letter of intent was signed with Buxton Building Contractors Ltd in October 2023 followed by a contract in December 2023, work commenced under the letter of intent on 30[th] October 2023.

Administration

In September 2023 a General Meeting was held and the following Trustees were appointed: Mr N Rivers, Mr. I Gibson & Mr. P Giles. The additional trustees will provide an essential additional resource through the construction period.

Statement of Trustees Financial Responsibilities

The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the Charity and of its results for that period. In preparing these financial statements, they are required to:

(a) select suitable accounting policies and apply them consistently.
(b) make judgements and estimates that are reasonable and prudent.
(c) prepare the financial statements on a going concern basis unless it is inappropriate to assume that the Charity can continue.

They are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity. 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.

Approval

This report and accounts were approved by the Trustees on 9th December 2024. and signed on their behalf by

……….......................................... .................................................... Pammy McNaughton Phil Trayner Trustee Chair

Registered rKKnber 10355426 Master Park Pavilion Charity Report and Accounts 31 March 2024

Master Park Pavlllon Charlty Registered number: DirectOfS' Report 10356426 Prlndpal acllvltl in Mastef Pk. Oxted. to repe •) rtdated (rn. lry th• b•n•fft cl th• Irul Ck8( and I•# Dli•ctoiii l•n Gib94YI Pkn Gikni Ph* TraThI Direct

Mastor Park Pavlllon Charlty Ind•p•nd•nt examin•r's report to the Officer4 of IA•st•r Park Pavlllon Ch*lty 145(Sllbl of G J L(YA• Lmwted ?5 2024 CRB S4B

Mast•r Park Pavlllon Charfty Profft and Loss Account lor the y¥ wded 31 March 2024 2024 2023 654,537 (2,712> {13) 651,825 1.549 310 652,135 Tax Profit for th• blnandal y•ar 652.135 30,805

IAagtw Park Pavlllon Chavlty R•glster•d nlber. Balanca Sheet •s at 31 March 2024 10355426 ot•• 2024 2023 Fix•d aM•ts 638.144 50.713 117,834 52.515 Cr•dltorn: •mouiits lalllng du• wllhln on• y•ar (4.263> (3.648) 113.571 48.867 751.715 C•plt•l and r•wYo• Pfofrt and loss account 751.715 751.715 drt undor sectK)n 477 Ihe C(xnples Aci 21Th.

Master Park Pavlllon Ch•rlty Notes io the Accounts for the year ended 31 March 2024 1 AccovntlThg poNcl•s FRS 11r2. The Finarlcd Rap. &ald Ihe UK * Rwbk d Ir•larKI { ld to wn¥l entrt by sthxi 1A cl t $ld). rangibl• fixed •55ets Tlt fixeAI atssets gre measured 8t cost less accumulaNe deprecknitK and any accumulati irrwimient k)sses. Deprec%)n ss on all tarybk fixed assets. othar than frephLI ld, rnles cakutrknj to iY co, leu e¥timaled r•Slal ¥alLhq, crf asgel eventy ovef Freehold (Ner 25 yeorn wnpamieni IosG8S lor bad WMI dr)ubtful dets. Loans olh•f fmwcl assels we inrtia rwmed at tr58¢ pru inc111ng any transacti costs •rKI $seqUtty mè8Bured at nornsed co81 detwme USKKJ effecti¥E irtyest m6thod. bD68 YnpaÉmeN kjsses fly bad Shcxt ierni uéditors are m6rj at is u•u• the invoice p). Lo1 I dher IwbditM are iFMt* recognised at transX1w prre any transaclKY) cojts 8t Ihe rwth'ry dale u a res1 ol a pa•t everrt, il is wobable Ihal eccm¢xnK benefft be 2 Eff4)kny••• 2023 Nurnb•r 14ufflbw

Master Park Pavilfon Ch•rlty NotM to the Accounts for tho year ended 31 March 2024 3 T•n9lbb• Ilx•d ass•ts L•nd and IoIdIng$ At1W2023 Additi8 $0.713 587.431 638.144 At 31 Mwch 2024 l*rnclatSon Al 31 Marth 2024 N•1 book valu• AI 31 IA8rch 2024 638.144 At 31 Mwch 2023 50,713 4 CY•dltor•: amounts falllTrg du• wlthln on• y••r 2024 2023 3.648 S Oth•r Inforn 118 reSte0 cfft• ffj.. P?fk Hub Chufch Lw• RH8 9WE

Registered rKKnber 10355426 Master Park Pavilion Charity Report and Accounts 31 March 2024

Mastor Park Pavlllon Charlty Ind•p•nd•nt examin•r's report to the Officer4 of IA•st•r Park Pavlllon Ch*lty 145(Sllbl of G J L(YA• Lmwted ?5 2024 CRB S4B

Mast•r Park Pavlllon Charfty Profft and Loss Account lor the y¥ wded 31 March 2024 2024 2023 654,537 (2,712> {13) 651,825 1.549 310 652,135 Tax Profit for th• blnandal y•ar 652.135 30,805