Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 Charity registration number 11731461England and Wales) Company registration number 10515820 AVERY FIELDS COMMUNITY FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrA C Blacklaws Mr D G Clegg MrTMLang Secretary Mr D G Clegg Charity number 1173146 Company number 10515820 Principal address 79 Sandon Road Edgbaston Birmingham B178DT Registered office 79 Sandon Road Edgbaston Birmingham B178DT Independent examiner PKF Smith Cooper Limited Cornerblock 2 Comwall St Birmingham B3 2DX
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION CONTENTS Page Trustees report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 8-15
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 30 JUNE 2025 The Trustees present their annual report and financial statements for the year ended 30 June 2025. The financial stalemenls have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's governing document, the Companies Act 2006 and "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 {FRS 102)" (effective 1 January 2019). Objectives and activities The charitable purposes of the company are the promotion of community participation in healthy recreation by the provision of facilities and opportunities for the playing of amateur sport, in particular, but not limited to rugby football union. The site in question is the former AverylGEC Sports ground at 79 Sandon Road, Edgbaston, Birmingham, B17 8DT. In furtherance of its charitable objectives. the charity is working with its partner, Bournville Rugby Football Club, who now run and operate the completed development. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what adivities the trust should undertake. Achievements and perforniance The facility opened in September 2018 and is run by Boumville Rugby Football Club under licence tandem with its operating arm, Avery Fields Sports & Events Limited. A six-year partnering agreement with University College Birmingham (UCB) came to an end in June 2025 and a new educational partner is being sought. The faality also continues to attract use by other rugby union clubs. American Football and soccer teams. The following grants were secured, on behalf of the Foundation. by the rugby club's partner Engage Community. The Foundation worked wth Engage Community and Avery Fields Sports & Events Ltd.to deliver the grant requirements on site. National Lottery.. £14,170 Harbourne Parish Lands.. £3.000 Rodger & Tumer.. £3,000 Financial review The total income for the year was £82.450 made up of grants. donations and a payment by UCB. A loan facility of £2.OM continues with a private company. whose owner is connected to the Trust. The loan currently stands at £1,818,720. A legally binding loan agreement is in place. Gift aid claimed on donations received amounted to £5.318. Costs for the year lotal £44,078. The majorty of Costs, being £31,725 for grant delivery costs paid to Engage Community Ltd. and Avery Fields Sports & Events Limited.
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 The surplus at the year-end was £38,372 with total funds carried forward of £3,069,423. Restricted funds carried forward of £2,493,806 represent monies brought fOard from Persimmon Homes that were expended on the development of Avery Fields and donations made in relation to charitable activities undertaken. The Trustees have elected to hold the site at Sandon Road at its fair market value and £2,492,945 is held within Restricted funds as a non-distributable fund. Unrestricted funds of £575,617 represent donations received less costs incurred during the year. Previously, the Trustees changed the Charity's accounting policy for the recognition of its tangible fixed assets. The site at Sandon Road was held as a tangible fixed asset under cost less accumulated depreciation. This treatment was reviewed and consequently the site at Sandon Road is now held at fair value as a programme related investment. The site has been subject to a valuation by a former Chartered Surveyor, who is a Trustee of the Charity and is held at a fair value of £4.828,097 wthin the financial statements. The Trustees have assessed the major risks to vthich the trust is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. However at the time of approving the financial statements, the Trustees have assessed the trusts situation and the £1 ,844,283 creditor shown on the balance sheet. The large creditor has arisen due to part of the development being funded by a company controlled by one of the Trustees. Plans for future periods The scope is to add two additional changing rooms to the Clubhouse building at the ground floor at a later date. There is also polential to add a 500 seater-stand and changing room below along the side of the artrficial pitch. This would clearly be subject to planning and securing grant funding andlor working with a strategic partner. Structure, governance and management The company was fomied on 7 December 2016 in England and Wales as a private company limited by guarantee. The memorandum and articles of association govem the company. The Trustees, who are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financial slatements were= MrA C Blacklaws Mr D G Clegg MrTMLang The current Trustees comprise a retired Chartered Surveyor, and fvrfo pradicing Solicitors. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The Articles of Association require that there are at least three Trustees at all times, they must be aged 18 or over and must be a member. As at the year end. there were three members. being the Trustees. The company is managed by its board of Trustees who meet regularly and deal with operational matters on a day- t¢>day basis. Aformal Trustees. Meeting is held annually.
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Custodian trustee The charity holds the freehold interest in the land following completion of agreed works. Statement of Trustees responsibilities The Trustees, who are also the directors of Avery Fields Community Foundation for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with aFplicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial statements for each financial year which gwe a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources, including 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 then 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- and prepare the financial statements on the going COnM basis unless it is inappropriate to presume that the Trust will continue in operation. The Trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and deteth'on of fraud and other irregularities. Public benefit statement The Trustees consider that the objectives of the charity meet the tests for public benefit and when exercising their powers and duties. The Trustees have complied with their duty to have due regard to the relevant guKJance published by the Charity Commission. Business risk policy A risk assessment policy is in place which is robust and recognises the need to protect the charity. The Trustees have considered the various risks which might affect the business and have taken appropriale and reasonable steps to address those nsks. Following completion of the main building contract and subsequent additional drainage works, full responsibility for the management of the clubhouse and pitches now rests solely with Bournville Rugby Club. Internal controls are in pla to reduce the likelihood of loss through fraud or the misuse of funds and bookkeeping services are outsourced. Reserves policy The level of reserves held wthin restricted funds relates to capital expenditure incurred on construction of the sports ground. The level of restricted funds is expected to reduce by future depreciation charged which has been determined based on the useful economic life of the assets. Following repayment of the outstanding loan, the intention is to build up an unrestricted reserve fund to cover the future development and improvement of facilities.
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 The Trustees report was approved by the Board of Trustees. Sb]ned by.. MrA C Blacklaws Trustee 28/3/2026 Date:.............................................
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AVERY FIELDS COMMUNITY FOUNDATION We report to the Trustees on our examination of the financial statements of Avery Fields Community Foundation (the Trust) for the year ended 30 June 2025. Responsibilities and basis of report As the Trustees of the Trust (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20C6 (the 2006 Act) Having satisfied ourselves that the financial statements of the Trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, We report in respect of our examination of the Trust's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act}. In carrying out my examination we have followed all the applicable Directions given by the Charity Commission under section 145(51 (b) of the 2011 Act. Independent examiner's statement We have completed our examination. We confimi that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records- or the financial statements do not comply wth the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is nd a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). We have no concerns and have come across no other matters in connection wrth the examination to wFich attention should be drawn in this re ort in order to enable a proper understanding of the financial statements to be reached. PKF Smith Cooper Limited Cornerblock 2 Comwall St Birmingham B3 2DX 30 March 2026
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025 unstrICted Restricted funds funds 2025 2025 Total unstrICted Restricted funds funds 2024 2024 Total 2025 2024 Notes Donations and legacies Charitable activities 16,000 46,280 20,170 36,170 46,280 5,000 101,536 69,910 74,910 101,536 Total income 62,280 20.170 82.450 106,536 69,910 176.446 Charitable activities 12,353 31.725 44.078 16,767 59,990 76.757 Net incomel(expenditure) for the yearl Net movement in funds 49,927 {11,555) 38,372 89,769 9,920 99,689 Fund balances at 1 July 2024 525,690 2,505,361 3,031,051 376,115 2,492,945 2,869,060 Fund balances at 30 June 575,617 2,493,806 3,069,423 525,690 2,505,361 3,031,051 The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the CompaniesAct 2006.
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION BALANCE SHEET AS AT30 JUNE 2025 2025 2024 Notes Fixed assets Intangible assets Programme related investments 10 12 2,800 4,828,097 3,800 4,828,097 4.830.897 4,831.897 Current assets Debtors Cash at bank and in hand 13 20.602 62.207 44,876 40,584 82.809 85,460 Creditors: amounts falling due within one year 14 (1.844.283) (1.886.307) Net current liabilities (1.761,474) (1,800,847) Total assets less current liabilities 3.069.423 3,031.050 Income funds Restricted funds Unrestricted funds 15 2.493,806 575,617 2,505,361 525,689 3.069,423 3,031,050 The company is entitled to the exemption from the audit requirement contained in section 477 of the CompaniesAct 2006, for the year ended 30 June 2025. The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 28/3/2026 The financial statements were approved by the Trustees on . Sluned by.. '"A75UFtsUOJU4A408".'"'"' MrA C Blacklaws Trustee Company registration number 10515820
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies Charity infonnation Avery Fields Community Foundation is a private rnpany, limited by guarantee, incorporated in England and Wales. The registered office is 79 Sandon Road, Edgbaston, Bimiingham, B17 8DT. The company and charity number is given on the legal and administrative infomiation page. 1.1 Accounting convention The financial statements have been prepared in accordan with the Trust's goveming document, the Companies Act 2006. FRS 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" {'FRS 102") and the Charities SORP "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to chanties preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 20191. The Trust is a Public Benefit Entity as defined by FRS 102. The Trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, vthich is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. modified by the revaluation of programme related investments. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have assessed the trusts situation and the have a reasonable expectation that the trust has adequate resources and working capital to continue in opEralional existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted ndS are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the Twst is legally entitled to it after any perfom)ance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the nomial course of business, net of discounts. VAT and other sales related taxes.
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies (Continued 1.5 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the trust to that expenditure. it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Charitable expenditure comprises those costs incurred by the trust in the delivery of its activities and services for its beneficiaries, it includes both costs that can be allocated directly to such activities and those costs of indirect nature necessary to support them. 1.6 Intangible fixed assets other than goodwill Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised so as to Vlte off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Sofvare 200kn straight line 1.7 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases= Computer equipment 33% straight line The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change Sin the last reporting date. 1.8 Programme related investments Programme related investments, which are tangible assets held to further the Charity's charitable purposes. were initially held a Cost, which includes the purd)ase price and any directly attributable expenditure. Subsequently they are measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in the Statement of financial activities under restricted or un-restricted funds. 1.9 Cash and cash equivalents Cash and cash equivalents indude cash in hand and deposits held at call with banks. 1.10 Financial instruments The Trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies (Continued 1.11 Taxation The trust is exempt from corporation tax on its charitable activits-es. as described in note 9. 1.12 Debtors Short term debtors are measured at transaction price, less any impairment. 1.13 Creditors Short term creditors are measured at transaction price. Critical accounting estimates and judgements In the application of the Trust's accounting policies. the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Adual results may differ from these estimates. There are no significant judgements (apart from those involving estimates) which have had an effect on the accounts recognised in the financial statements. Donations and legacies UnstriCted Restricted funds funds Total Unrestricted Restricted funds funds Total 2025 2025 2025 2024 2024 2024 Donations and gifts Grants 16,000 16,000 20,170 5,000 5,000 69,910 20,170 69,910 16.000 20.170 36,170 5.000 69,910 74.910 Charitable activities Other income Gfft Aid reclaimed Total Total 2025 2025 2025 2024 Other income Gift aid 40,962 40,962 5,250 101,281 255 5,250 40,962 5,318 46,280 101,536 other income is comprised of branding and linSe fee income for use of the ground's facilities. 10-
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Charitable activities Expenditu Expenditure 2025 2024 Amortisation and impaimient Rates Repairs and maintenance Legal and professional fees Business support grant 1,000 1,351 1,200 5,370 1,689 1,260 59,990 36.725 39.076 69.784 Share of governance costs (see note 6) 4,964 6.913 Share of support costs (see note 6) 38 60 5,002 6.973 Analysis by fund Unrestricted funds Restricted funds 12,353 31,725 16,767 59,990 44,078 76,757 Support costs Support Governance costs costs 2025 Support costs Govemance costs 2024 Bank charges 38 38 60 60 Professional seNices and fees 4,964 4.964 6,913 6,913 38 4,964 5,002 60 6,913 6,973 Analysed beeen Charitable activities 38 4,964 5,002 60 6,913 6,973 Governance costs includes payments to the independent examiners of £1,000 (2024 independent examination fees. £1,000) for 11
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Trustees None of the Twstees (or any persons connected with them) received any remuneration or benefits fr¢Jn the Trust during the year. No trustee expenses have been incurred and none of the trustees claimed any expenses from the trust during the year12024- None). Employees The average number of persons, including trustees. employed during the year was 3 (2024 - 3). Taxation The charily is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the defnition of a charitable company for UK corporation tax purposes. 10 Intangible fixed assets Software Cost At 1 July 2024 and 30 June 2025 5,000 Amortisation At 1 July 2024 Amortisation charged for the year 1,200 1,000 At 30 June 2025 2,200 Carrying amount At 30 June 2025 2,800 At 30 June 2024 3,800 12-
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 11 Tangible fixed assets Computer equipment Cost At 1 January 2023 6.103 At 30 June 2025 6.103 Depreciation At 1 January 2023 6,103 At 30 June 2025 6,103 Carrying amount At 30 June 2025 12 Programme related investments 2025 Fair value At 1 July 2024 and 30 June 2025 4,828,097 The programme related investment has been subject to a valuation by a former Chartered Surveyor, who is a Trustee of the Charity. The Trustees are of the opinion that this valuation is a reasonable estimate of the market value of the site at Sandon Road at 30 June 2025. If the site at Sandon road continuted to be held on a historical cost basis rather than as a programme releated investment, the amounts that would have been included in the financial statements are as follows.. 2025 2024 Cost Accumulated depreciation 3,209,099 3,209,099 {1,566,422) (1,336,080) Carrying amount 1,642,676 1,873,018 13 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and a¢¢rued income 2,999 8,898 8,705 24,142 20,215 519 20,602 44,876 13-
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 14 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 5,105 732 1,868.720 11,750 5,298 1.818,720 20,265 1.844,283 1,886.307 Included within other creditors is £1,818,720 (2024= £1.868,7201 due to related parties. Further details surrounding this are disclosed in note 17 to these financial ststements. 15 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Movement in funds Balance at 1 Incoming Resources Balance at January 2023 resources expended 1 Juty 2024 Movement in funds Incoming Resources Balance at reSoue$ expended 30 June 2025 Persimmon Homes National Lottery Community Fund Sports England Vvheelchair rugby donations Walking rugby donations Albert Gubay grant Barclays Football Foundation Wooden Spoon Harborne Parish Lands Rodger & Tumer 2,492,945 2,492,945 2,492,945 9,510 14,071 {9,510) (14,071) 14,170 {14,170) 1,001 {1,001) 1,495 5.000 16.000 (6,495) (16,000) 500 24.829 (500) {12.413) 12.416 (12.416) 3,000 3.000 (2,139) (3.000) 861 2.495,441 69.910 (59.990) 2.505,361 20.170 (31.725) 2,493.806 14-
Docusign Envelope ID.. 60FFOF4E4D8D4F8E-AA244225A5CFE816 AVERY FIELDS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 16 Analysis of net assets between funds Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Fund balances at 30 June 2025 are represented by.. Intangible fixed assets 2,800 Investment properties 2,335,152 Current assetsl(liabilities) (1.762.335) 2,800 3,800 2,492,945 4,828,097 2,335,152 861 (1.761,474) (1.813.263) 3,800 2,492,945 4,828,097 12,416 (1,800.847) 575.617 2.493.806 3.069,423 525,689 2.505,361 3,031.050 17 Related party transactions During the year, advances of £20,000 (2024". £nil) were made from Tansoo Investments Ltd, a company owned by Mr A C Blacklaws. Repayments of £70.000 (2024: £105.000) were made during the year. As at 30 June 2025, £1,818,720 (2024= £1.868,720) was included in other creditors in respect of amounts due to Tansoo Investments Ltd. The loan carries no interest and will be repaid as funding allows. 15-