ST SEBASTIANS PLAYING FIELD TRUST REGISTERED CHARITY NO. C101171337 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 ST SEBASTIANS PLAYING FIELD TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Contents Page BALANCE SHEET STATEMENT OF FINANCIALAFFAIRS NOTESTO THE FINANCIAL STATEMENTS ACCOUNTANTS REPORTTO THE TRUSTEES ST SEBASTIANS PLAYING FIELD TRUST BALANCE SHEET AS AT 31 MARCH 2026 2026 2025 FIXED ASSETS Note 4 Land & Pavilion Tenni5 Court5 Fixtures & Fittings 289,755 33,076 18,392 289,755 33,076 22,990 341,223 345,821 CURRENT ASSETS Charishare Investment Note 6 36,200 36,200 C.O.l.F. Charities Deposit Fund Balance at 31 March 2025 Le55 Withdrawn Balance at 31 March 2026 Net Interest Received Balance at 31 March 2026 25,302 25,302 25,302 25,302 Note 7 25,302 25,302 M & G Investments Balance at 31 March 2025 Units Purchased Balance at 31 March 2026 80,000 80,000 Note 8 80,000 80,000 Loan to Crowthorne Tennis Club 7,075 9,875 Total Funds on Dep051t 105,302 105,302 Balance at bank 46,479 34,301 TOTAL ASSETS 536,279 531.500 Less Current Liabilities Note 9 1,550 1,550 NEf ASSETS 534,729 529,950 REPRESENTED BY.. UNRESTRICTED FUNDS SINKING FUNDS 388,529 146,200 383,750 146,200 Note S TOTAL FUNDS 534,729 529.950 SIGNED Trustee DATED I ¥ |.,ILoLL ST SEBASTIANS PLAYING FIELD TRUST STATEMENT OF FINANCIAL AFFAIRS FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 RENTAL INCOME Note 4 Rents Receivable for the year SSPLTSP Surplus Funds 3,111 6,000 3,111 6,000 INVESTMENT INCOME M & G Charities Income C.O.l.F. Deposit Interest- gross Other Income 6,266 5,969 6,266 5,969 TOTAI INCOME FOR THE YEAR 9,377 11,969 LESS EXPENDITURE Boiler Repair Ground Repairs Independent Examiner 300 300 300 EXCESS OF INCOME OVER EXPENDITURE FOR THE YEAR 9,377 11,669 Depreciation for the year Note 4 Transfer to Charishare Sinking Fund 4,598 5,747 SURPLUS OF EXPENDITURE OVER INCOME FOR THE YEAR 4,779 5,922 FUND BALANCE BROUGHT FORWARD 383,750 377,829 FUND BALANCE CARRIED FORWARD 388,529 383,750 ST SEBASTIANS PLAYING FIELD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 BASIS OF ACCOUNTING The financial statements hève been prepared in accordance with Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reportsng Standard applicable in the UK and Republic of Ireland IFRS102 (March 20181 and the Charities SORP IFRS1021. TRUSTEES No Trustee, nor any person connected with them, recetved any remuneration or other benefits in connection wlth their position as Tru5tee5. EXPENDITURE 2026 2025 The Fee paid io the Independent Examiner was 300 300 FIXED ASSETS Land & Pavilion Flxtures and Fittin8S 70,435 Total Tennis Cgurts Balance 8/F Additions Disposals Balance CIF 289.755 33,076 393,266 289,755 33,076 70,435 393,266 8alance BIF Oepreeiation Charge Disposals Balance CIF 47,44S 4,598 47,445 4,598 52,043 52.043 Net Book Value 3110312026 289.755 33,076 18,392 341,223 Net Book Value 3110312025 289,755 33.076 27,297 345,821 6.76 atres of land were given to the Trust conditional on it being used for organised 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 butlding of the pavilion. The cost of thls is shown on the balance sheet at £289.755. A strip of land was sold in 2006 realising £43,943 after deducting the le8al costs. Depreciation is charged on the Fixtures and Fittings only at 20% p.a. on the reducing value brought forward. No depreciation is eharged in the Accounts for the tennis courts. This rellects the fact that the Tennis Club has a full repairing lease. All rrinor maintenance cost5 and general running expenditure is written off each year against income. SINXING FUNDS TheTru5tee5 have set up a Slnking 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 yearthe c95t of the Investment into the Charishare Investment Trust referred tts in Note 6 as an additional Sinking Fund. as apposed to the annual tost of this Investment being included in Unrestricted Funds. The Sinking Funds are therefore rnade up as follows 2026 iio,000 36,200 146,200 2025 iio,000 36.200 146,200 Renov8tion5 to the pavilion and amenities Charishare Investment towards major rebulld tosts The Trustees consider that there is currently suffiuent provision for the pavilion and the amenities. The figure of £36.200 Tepresents the total Investment in the Fund as at the Check date. CHARISHARE COMMON INVESTMENTTRUST The Trust is obllged to Invest each year a sum of £1,300 into the above Trust which is managed by Black Rock Fund manager5. However, dye to the pandemic this was not done durii4g thi5 financial year. The total Investment at 31 March 2026 was £36.2(N)12025- £36.2001. The value of the fund is notified to the Trust evèry 3 months. CHARISHARE INVESTMENT FUND 2026 2025 Cost of £5.536.424 Shares on l April 2025 Purchase of Shares Cost of Shares on 31 March 2026 36.200 36,200 36.200 36.200 Investment in Charishare Common Investment Fund 36.200 36,200 Value of Shares at 31 March 2026 179,835 155,482 Cumulative Gain to date at 31 March 2026 143,635 119,282 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 Oeposit Funds, and re-invested in M & G Investments Deposils in 2015. 2026 2025 C.O.l.F. Charities Deposit FuTrd Less withdrawn Intere5t- credited balance as at 31 March 2026 25,662 25,304 358 25,662 25,304 M & G INVESTMENTS 2026 2025 Deposits 6,595.529 units 80,CX)O 80.000 Price per Unit Value 17.944 118,349 15.183 100,140 No accgunt is taken in the Accounts of any profit or loss on this Investrnent. CREDITORS 2026 2025 Accountancy 1.550 1.550 1,550 1,550 10 RENTAL AND OTHER INCOME 2026 2025 Income receivable during the year Crowthorne Tennis Club St Sebastian's PFTSC Surplu5 3,122 6.0 REPORT TO THE TRUSTEES OF ST SEBASIANS PLAYING FIELD TRUST ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 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 Ithe Act) does not apply. It is my responsibility to state, on the basis of procedures specrfied in the General Directions given by the Charitv Commissioners under Section 4317llbl of The Act, whether particular matters have come to my attentlon. BASIS OF INDEPENDENT EXAMINERS REPORT My examlnation was carried out in accordance with the General Directions given by the ChaTity Commissioners. An examination includes a review of the accounting records kept by ihe charity and a comparison of the accounts presented with those recoTds. It also includes consideration of any unusual item5 OT disclosures in the account5 and seeking explanation from you as Trustee concerning any such matters. The proceilures 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 gives 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. 11 Independent Examine Date ## **St Sebastian’s Playing Field Trust CIO Reg. 1171337** ## St. Sebastians Close ## WOKINGHAM Berkshire RG40 3XA ## **Annual Return 2026** ## **Trustees (serving at year end)** Mr Mark Hall, Mr Peter Wolton, Mr Dennis Carver, Mr Ian Graham, Mr Daniel Partridge, Mr James Brennan (Chair and Secretary), Mr Grahame Smith. Officer and Volunteer : Mr Andrew Henman, Treasurer ## **Structure** The Trustees meet four times each year, or more frequently as required, with one meeting being the AGM in September. The day to day running of the Trust’s playing field and pavilion assets is carried out by the St Sebastian’s Sports Club, comprising assigned members from the cricket, tennis and archery clubs which are the prime site users. Trustees are recruited by invitation with two recruited in 2025/26. Invitations are made after all Trustees are agreed that the new Trustee will bring an accumulation of wisdom and professional experience that will be to the benefit of the users of the St Sebastian’s facilities. ## **Activities and Objectives** The Trust’s primary objective is to promote sports and social activities to the benefit of the communities of Wokingham and Crowthorne. In 2026 the Trust investigated the possibility of bringing a new sport to the playing field in the form of a new padel club to be added to the side of the tennis club on currently wooded land. This investigation included a possible self-funded development in partnership with the Lawn Tennis Association or alternatively the bringing in of an investor / developer / operator. After an extensive process the Trust came to the conclusion that using its own funds would excessively concentrate the Trust’s assets and compromise the ability to carry out other investments in the site. The dialogue with the investor was discontinued after difficulties were encountered in freeing up adequate space for courts in an area where trees needed to be maintained. 1 ## **Achievements and Performance** The Trust is effectively an arm’s length landlord to facilities which are in daily use to promote not only the sports clubs but also a wide range of social and wellness activities which include pilates and yoga, Slimming World and U3A bridge clubs as well as a Scrabble club. Each of the sports clubs has increased its membership in 2026 so that there are now around 750 members participating in the three sports all year round. Each club has a Junior section and takes specific actions to encourage inclusion and support the disadvantaged. The Trust allows the adjacent St Sebastian’s Junior school to use the playing field as its sports field whilst making a very low level of payment for a fully maintained and secure playing field. ## **Financial Review** The Trust’s accounts are published separately but the primary responsibility is to maintain and improve a nearly 7 acre playing field and a pavilion building for both the current and future communities of Wokingham and Crowthorne. In this the Trust acts as custodian of assets which were first entrusted by the Palmer family in 1947. The first investment duty is to ensure that an adequate sinking fund is maintained to ensure that the pavilion building could be rebuilt if required. Once this duty is discharged funds are then available to improve the building and land assets for the benefits of users. In 2026 a successful investment outcome has secured these objectives. ## **Looking Forward** The Trustees have the ambition to move from being conservative stewards of a charitable legacy to being more pro-active supporters of local causes which are in line with the sporting and social objectives of the Trust. This will require a more active investment strategy linked with a series of improvement projects. Trustees will amend current policies to effect this in 2026/27. 2