ST SEBASTIANS PLAYING FIELD TRUST REGISTERED CHARITY NO. C101171337 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ST SEBASTIANS PLAYING FIELD TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Contents Page BALANCE SHEET STATEMENT OF FINANCIAL AFFAIRS NOTES TO THE FINANCIAL STATEMENTS ACCOUNTANT5 REPORT TO THE TRUSTEES
ST SEBASTIANS PLAYING FIELD TRUST BALANCE SHEET A5 AT 31 MARCH 2024 2024 2023 FIXED ASSETS Note 4 Land & Pavilion Tennis Courts Fixtures & Fittings 289.755 33,076 21,537 289,755 33,076 26,922 344,368 349,753 CURRENT ASSETS Charishare Investment Note 6 36,200 36,200 C.O.l.F. Charities Deposit Fund Balance at 31 March 2023 Less Withdrawn Balance at 31 March 2024 Net Interest Received Balance at 31 March 2024 25,302 36,651 111,3491 25,302 25,302 Note 7 25,302 25,302 M & G Investments Balance at 31 March 2023 Units Purchased Balance at 31 March 2024 80,0(X) 80,000 Note 8 80,(X)O 80,CX)O Loan to Crowthorne Tennis Club 12,750 15,700 Total Funds on Deposit 105,302 105,302 Balance at bank 26,658 12.035 TOTAL ASSErs 525.278 518,990 Less Current Liabilities Note 9 1,250 950 NET ASSETS 524,028 518.040 REPRESENTED BY= UNRESTRICTED FUNDS SINKING FUNDS 377,828 146,200 371,841 146,2(X) Note S TOTAL FUNDS 524,028 518,lJ41 SIGNED Trustee DATED fJ%
ST SEBASTIANS PLAYING FIELD TRUST STATEMENT OF FINANCIAL AFFAIRS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 RENTAL INCOME Note 4 Rents Receivable for the year SSPLTSP Surplus Funds 6.000 4,CX)O 4,000 INVESTMENT INCOME M & G Charities Income C.O.l.F. Deposit Interest- gross Other Income 5,672 5.507 5,672 5.507 TOTAL INCOME FOR THE YEAR 11,672 9,507 LESS EXPENDITURE Boiler Repair Ground Repairs Independent Examiner 12,042 300 3(X) 300 12,342 EXCESS OF EXPENDITURE OVER INCOME FOR THE YEAR 11,372 12.8341 Depreciation for the year Note 4 Transfer to Charishare Sinking Fund 5,384 6,730 SURPLUS OF INCOME OVER EXPENDITURE FOR THE YEAR 5,988 19,5651 FUND BALANCE BROUGHT FORWARD 371,841 381,405 FUND BALANCE CARRIED FORWARD 377,828 371,841 T/•c
ST SEBASTIANS PLAYING FIELD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 BASIS OF ACCOUNTING The financial statement5 have been prepared in accordance with Accountbng and Reporting by Charitie5.' Statement ol Recommended Practice applicable to charities préparlng their accounts in ateordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS102 Imarch 20181 and the Charities SORP IFRS1021. TRUSTEES No Trustee. nor any person connected with them, received any remuneration r other benefits in eonnection with their position a5 Trustees. EXPENDITURE 2024 2023 The Fee paid to the Independent Examiner was 300 3QL) FIXED ASSETS Land & Pavilion Fixture5 and Fittings 63.235 Total Tennls Courts Balance BIF Additions Disposals Balance CIF 289,755 33.076 386,066 289.755 33,076 63,235 386.066 8alance B/F Dèpreciation Charge Disp05als Balance c/F 36,313 5.384 36.313 5.384 41,698 41.698 Net Book Value 3110312024 289,755 33.076 21,537 344.368 Net Book Value 3U0312023 289,755 33,076 26,922 349.753 6.76 acres of land were given to the Trust conditional on it being used for org3nised g3mes. particularly cricket. In 1981. 3 parcel of land was sold for the purpose of building 3 houses. The proceeds of thi5 sale were largely used for the building of the pavilion. The cost of this is shown on the balance sheet at £289.755. A strlp of land was sold in 2006 reali5ing £43.943 after deducting the legal costs. Depreciation is ch3r8ed on the Fixtures and Fittlngs only at 20% p.a. on the reducing value brought forward, No depreciation is Charged in the Accounts for the tennis courts. This reflects the fact that the Tennis Club has a full repairing lease. All minor maintenan¢e costs and general running expenditure is written off each year against income,
SINKING FUND5 The Trustees have Set up a Sinking Fund towards the cost of renovations to the pavilion and amenitles in the futurè. In addition the Trustees have considered it prudent to set aside each year the cost of the Investment into the Charishare Investment TTUSt referred to in Note 6 as an additional Sinking Fund, as apposed to the annual c05t of this investment being Ineluded in Unrestrfcted Funds. The Sinking Funds are therefore rnade up as follows 2024 iio.000 36.200 146,200 2023 iio.000 36.200 146.200 Renovations to the pavilion and amenities Charishare Investment towards major rebuild costs The Trustees consider that there is currently sufficlent piovision for the pavilion and the amenities. The figure of £36.200 represents the total Investment in the Fund as at the check date. CHARISHARE COMMON INVESTMENT TRUST The Trust is obliged to Invest each year a sum of £1.300 into the above Trust which is managed by Black Rock Fund managers. However, due to the pandemic this was not done during this financial year. The total Investment at 31 March 2024 was £36,20012023- E36,2001. The value of the fund is notified to the Trust every 3 months. CHARISHARE INVESTMENT FUND 2024 2023 Cost of £5.536,424 Shares on l April 2023 PuTcha5e of Shares Cost of Shares on 31 MaTch 2024 36,200 36,200 36,200 36,200 Investment in Chari5hare Common Inve5trnent Fund 36,200 36,200 Value of Shares at 31 March 2024 144.514 135,665 Cumulaiive Gain to date at 31 March 2024 122.422 113.572 No account is taken in the Accounts of any prolit or loss on this Investment. OEPOSIT ACCOUNTS £30,000 was ratsed by the sale of Units in COIF Charities Deposit Funds, and re-invested in M & G Investments Deposits in 2015, 2024 2023 C.O.l.F. Charities Deposit Fund Less withdrawn Interest- credited balance as at 31 March 2024 25.304 36,653 111,3491 25,304 25,304
M & G INVESTMENTS 2024 2023 Deposlts 6.595,529 units 80.000 80,0 Price per Unit Value 14.561 96,036 14.832 97.823 No account is taken in the Accounts of any profit or105s on this Investment. CREDITORS 2024 2023 Accountancv 1.250 1.250 950 950 10 RENTAL AND OTHER INCOME 2024 2023 Income receivable during the year Crowthorne Tennis Club St Sebastian's PFfsc Surplus 6.000 4,0(K)
REPORT TO THETRUSTEES OF ST SEBASIANS PLAYING FIELD TRUST ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 AS OUTON PAGES I TO 7 OF THE AThACHED FINANCIAL STATEMENTS RESPE1vE RESPONSILITIES OF THE TRUSTEES AND THE EXAMINER As the charity's trustees you are responsible for the preparation of the Accounts. You consider that the audit requirements of Section 43121 of the Charitie5 Act 1993 Ithe Actl doe5 not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 4317llbl of The Act, whether particular matters have come to my attentlon. BASIS OF INDEPENDENT EXAMINERS REPORT My examination was carried out in accordanee with the General Directions given by the Charity Commissioners. 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 item5 or disclosures in the accounts and seeking explanation from you as Trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit op5nion on the view given by the accounts. INDEPENDENT EXAMINER'S STATEMENT In connection with my examination. no matter has come to my attention-. I which gives me reasonable cause to believe that in any materlal respect the reqtjirements.. to keep accounting records in accordance with Section 41 of The Act- and to prepare accounts with accord with the accounting records and to comply with the accounting requirements of The Act have not been met, or 2 to which in my opinion, attention should be drawn in order to enable proper understandir¢g of the accounts to be reached. 01 tOLC Independent Examiner Date