ST SEBASTIANS PLAYING FIELD TRUST REGISTERED CHARITY NO. C101171337 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ST SEBASTIANS PLAYING FIELD TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Contents Page BALANCE SHEET STATEMENT OF FINANCIAL AFFAIRS NOTES TO THE FINANCIAL STATEMENTS ACCOUNTANTS REPORT TO THE TRUSTEES ST SEBASTIANS PLAYING FIELD TRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 FIXED ASSETS Note 4 Land & Pavilion Tennis Courts Fixtures & Fittings 289,755 33,076 22,990 289,755 33,076 21,537 345,821 344,368 CURRENT ASSETS Charishare Investment Note 6 36,200 36,200 C.O.l.F. Charities Deposit Fund Balance at 31 March 2023 Less Withdrawn Balance at 31 March 2024 Net Interest Received Balance at 31 March 2024 25,302 25,302 25,302 25,302 Note 7 25,302 25,302 M & G Investments Balance at 31 March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 80,000 80,000 Note 8 80,000 80,000 Loan to Crowthorne Tennis Club 9,875 12,750 Total Funds on Deposit 105.302 105,302 Balance at bank 34,301 26,658 TOTAL ASSETS 531,499 525,278 Less Current Liabilities Note 9 1,550 1,250 NET ASSETS 529,950 524,028 REPRESENTED BY.. UNRESTRicfED FUNDS SINKING FUNDS 383,750 146,200 377,828 146,200 Note 5 TOTAL FUNDS 529,950 524,028 SIGNED Trustee ST SEBASTIANS PLAYING FIELD TRUST STATEMENT OF FINANCIAL AFFAIRS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 RENTAL INCOME Note 4 Rents Receivable for the year SSPLTSP Surplus Funds 6.000 6.000 6,000 6,000 INVESTMENT INCOME M & G Charities Income C.0. l. F. Deposit Interest - gross Other Income 5,969 5,672 5,969 5,672 TOTAL INCOME FOR THE YEAR 11,969 11,672 LESS EXPENDITURE Boiler Repair Ground Repairs Independent Examiner 300 300 300 300 EXCESS OF INCOME OVER EXPENDITURE FOR THE YEAR 11.669 11,372 Depreciation for the year Note 4 Transfer to Charishare Sinking Fund 5.747 5,384 SURPLUS OF EXPENDITURE OVER INCOME FOR THE YEAR 5,921 5,988 FUND BALANCE BROUGHT FORWARD 377,829 371,841 FUND BALANCE CARRIED FORWARD 383,750 377,829 5T SEBASTIANS PLAYING FIELD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 BASIS OF ACCOUNTING The financial statements have been prepared in accordance with 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 IFRS102 Imarch 20181 and the Charities SORP IFRS1021. TRUSTEES No Trustee, nor any person connected with them, received any remuneration r other benefits in connection with their position as Trustees. EXPENDITURE 2025 2024 The Fee paid to the Independent Examiner was 300 300 FIXED ASSETS Land & Pavilion Tennis Courts Fixtures and Fittings 63,235 7,200 Total Balance BIF Additions Disposals Balance CIF 289,755 33,076 386,066 7,200 289,755 33,076 70.435 393,266 Balance BIF Depreciation Charge Disposals Balance C/F 41,698 5,747 41,698 5,747 47,445 47,445 Net Book Value 3110312025 289,755 33,076 22,990 345,821 Net Book Value 3110312024 289,755 33,076 21,537 344,368 6.76 acres of land were given to the Trust conditional on it being used for or8anised games, particularly cricket. In 1981, a parcel of land was sold for the purpose of building 3 houses. The proceeds of this sale were largely used for the building of the pavilion. The cost of this is shown on the balance sheet at £289,755. A strip of land was sold in 2006 realising £43,943 after deducting the legal costs. Depreciation is charged on the Fixtures and Fittings only at 20% p.a. on the reducing value brought forward. No depreciation is charged in the Account5 for the tennis courts. This reflects the fact that the Tennis Club has a full repairin8 lease. All minor maintenance costs and general running expenditure is written off each year against income. SINKING FUNDS The Trustees have set up a Sinking Fund towards the cost of renovations to the pavilion and amenities in the future. In addition the Trustees have considered it prudent to set aside each year the c05t of the Investment into the Charishare Investment Trust referred to in Note 6 as an additional Sinking Fund, as apposed to the annual cost of this investment being included in Unrestricted Funds. The Sinking Funds are therefore made up as follows 2025 iio,000 36,200 146,200 2024 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 sufficient provision 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 INVESTMENTTRUST 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 wa5 not done during this financial year. The total Investment at 31 March 2024 was £36,20012023- £36,200). The value of the fund is notified to the Trust every 3 months. CHARISHARE INVESTMENT FUND 2025 2024 Cost of £5.536.424 Shares on l April 2023 Purchase of Shares Cost of Shares on 31 March 2024 36,200 36,200 36.200 36,200 Investment in Charishare Common Investment Fund 36,200 36.200 Value of Shares at 31 March 2025 155,482 144,514 Cumulative Gain to date at 31 March 2024 133,390 122,422 No account is taken in the Accounts of any profit or loss on this Investment. DEPOSIT ACCOUNTS £30,000 was raised by the sale of Units in COIF Charities Deposit Fund5, and re-invested in M & G Investments Dep051ts in 2015. 2025 2024 C.O.l.F. Charities Deposit Fund Less withdrawn Interest- credited balance as at 31 March 2025 25,304 36.653 111,3491 25,304 25,304 M & G INVESTMENTS 2025 2024 Deposits 6.595.529 units 80,000 80.000 Price per Unit Value 15.183 100,140 14.561 96,036 No account is taken in the Accounts of any profit or loss on this Investment. CREDITORS 2025 2024 Accountancy 1,550 1,550 1,250 1,250 10 RENTALAND OTHER INCOME 2025 2024 Income receivable during the year Crowthorne Tennis Club St Sebastian's P￿Sc Surplus 6,000 6.000 REPORT TO THE TRUSTEES OF ST SEBASIANS PLAYING FIELD TRUST ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 AS SET OUT ON PAGES I TO 7 OF THE ATTACHED FINANCIAL STATEMENTS RESPECTIVE 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 Charities Act 1993 (the Act} does 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 4317llb} of The Act, whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINERS REPORT My examination was carried out in accordance 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 items 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 opinion 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 give5 me reasonable cause to believe that in any material respect the requirements.. 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 understanding of the accounts to be reached. Independent Examiner Date