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← Wincanton Recreational Trust

2025-09-30-accounts

Wincanton Recreational Trust (A Charitable Incorporated Organisation)

Annual Report and Unaudited Financial Statements

For the Year Ended 30 September 2025

Charity Registered in England and Wales Number: 1174519

Wincanton Recreational Trust Contents For the Year Ended 30 September 2025

Contents
Reference and Administrative Details
Trustees’ Annual Report
Independent Examiner’s Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements		 Page
1
2
3 - 5
6
7
8
9 - 18

1

Wincanton Recreational Trust Reference and Administrative Details For the Year Ended 30 September 2025

Trustees J French (Chair)
A Chesterman
H T Ellard
S Matthews
C Pebworth
C Stock
A Waistell
S Darcy
Registered Office Maddox Pavilion
Wincanton Sports Ground
Moor Lane
Wincanton
Somerset
BA9 9RB
Independent Examiner Michelle Ferris BSc (Hons) FCA DChA
Albert Goodman LLP
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Solicitors Rutter & Rutter
St Audreys
Wincanton
Somerset
BA9 9DR
Bankers National Westminster Bank Plc
City of Bath
24-25 Stall Street
Bath
BA1 1QF

2

Wincanton Recreational Trust Trustees’ Report For the Year Ended 30 September 2025

The Trustees present their report and unaudited financial statements for the charity for the year ended 30 September 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s governing document 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)” (“the SORP”).

Reference and administrative information

Details of the charity’s trustees, advisors and other reference and administration details are given on page 1.

Structure, governance and management

The Wincanton Recreational Trust is an independent charity, registered number 1174519.

The charity is run by its Trustees. The Trustees who served during the year and since the year end are as follows:

J French (Chair) A Chesterman H T Ellard S Matthews C Pebworth V Predeth (Resigned 01 December 2025) C Stock A Waistell S Darcy

Additional Trustees may be appointed by the current Trustees. There may be no more than 20 Trustees at any one time. Officers are elected at the Annual General Meeting.

All decisions regarding the management and administration of the Trust are made by its Trustees.

Objectives and activities

The Trust has been constituted with the purpose that the assets of the Trust shall be applied to:

The Trust owns the land and buildings and operates the facilities.

In setting our objectives and planning our activities, the trustees have complied with the duty in section 17(5) of the Charities Act 2011 to give careful consideration to the Charity Commission’s general guidance on public benefit. The activities of the charity will benefit the local community by providing recreational facilities and equipment for use of the general public.

Prepared By Albert Goodman LLP

3

Wincanton Recreational Trust Trustees’ Report For the Year Ended 30 September 2025

Risk

The Trustees have assessed the major risks to which the charity is exposed, and systems have been established to minimise these risks.

Achievements and performance

During the financial year ending 30th September 2025, the way the day-to-day operations of the Wincanton Sports Ground continued as per the previous year.

The activities at the Sports Ground remained broadly similar during the financial year.

The new Management Committee continued to be successful in attracting new users to the facility as well as additional volunteers to assist with necessary works.

Financial review

The financial results of the charity for the year ended 30 September 2025 show a deficit as noted below. Income has seen a decrease in following a slight decrease in usage, however as in last year, there is additional income from a land promotion agreement.

Unrestricted income in the year was £72,232 (2024: £84,073). Expenditure from unrestricted funds was £67,948 (2024: £58,769), with depreciation being charged against restricted and endowment funds of £23,596 and £2,182 respectively (2024: £23,916 and £2,432).

Unrestricted reserves (including designated funds) at the year-end were £456,007 (2024: £451,723). Of this total, £346,923 (2024: £340,723) is held within fixed assets, with the balance held in current assets.

Reserves policy

As noted above, nearly all of the restricted and endowment funds carried forward at the year-end are held in fixed assets, along with some of the unrestricted funds. Free reserves (unrestricted funds excluding those held in fixed assets) were £109,084 at the year-end (2024: £111,000). It is the aim of the trustees that sufficient funds are held to operate the facilities for a period of 6 months without any income sources. This would amount to approximately £28,000. The balance is held to reinvest in the facilities as required.

Future plans

Since the end of September 2025, the Trust has continued to manage the facility as described.

Prepared By Albert Goodman LLP

4

Wincanton Recreational Trust Trustees’ Report For the Year Ended 30 September 2025

Trustees’ responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. 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.

Approved by the trustees on 17 February 2026

J French Trustee

Prepared By Albert Goodman LLP

5

Wincanton Recreational Trust Independent Examiners’ Report to the Trustees For the Year Ended 30 September 2025

Independent examiners report to the Trustees of Wincanton Recreational Trust .

I report to the trustees on my examination of the accounts for Wincanton Recreational Trust (“the charity”) For the Year Ended 30 September 2025.

Responsibilities and basis of report

As the charity trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not comply with these records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Michelle Ferris BSc (Hons) FCA DChA Albert Goodman LLP Goodwood House Blackbrook Park Avenue Taunton Somerset TA1 2PX

Date: 26 February 2026

Prepared By Albert Goodman LLP

6

Wincanton Recreational Trust

Statement of Financial Activities For the Year Ended 30 September 2025

----- Start of picture text -----
Unres- Res- Endowe- Res- Endowe-
Notes tricted tricted ment Total 2025 Unres-tricted tricted ment Total 2024
£ £ £ £ £ £ £ £
Income from:
Donations (including grants) 2 2,400 - - 2,400 1,267 - - 1,267
Charitable activities 3 67,538 - - 67,538 81,691 - - 81,691
Investments 4 2,294 - - 2,294 1,115 - - 1,115
Total income 72,232 - - 72,232 84,073 - - 84,073
Expenditure on:
Charitable activities 5 67,948 23,596 2,182 93,726 58,769 23,916 2,432 85,117
Total expenditure 67,948 23,596 2,182 93,726 58,769 23,916 2,432 85,117
Net income/ (expenditure) 4,284 (23,596) (2,182) (21,494) 25,304 (23,916) (2,432) (1,044)
Transfers - - - - (13) 26 (13) -
Net movement
in funds for the year 4,284 (23,596) (2,182) (21,494) 25,291 (23,890) (2,445) (1,044)
Reconciliation of funds
Total funds brought forward 451,723 601,024 21,908 1,074,655 426,432 624,914 24,353 1,075,699
Total funds carried forward 456,007 577,428 19,726 1,053,161 451,723 601,024 21,908 1,074,655
----- End of picture text -----

The results for the year derive from continuing activities and there are no gains or losses other than those shown above.

Prepared By Albert Goodman LLP

7

Wincanton Recreational Trust Balance sheet As at 30 September 2025

Notes
Fixed assets
Tangible fixed assets
8
Current assets
Stock
Debtors
9
Cash at bank and in hand
Creditors
Amounts falling due within one year
10
Net current assets
Net assets
Funds
Unrestricted funds
11
Designated funds
11
Restricted funds
11
Endowment funds
11
Total charity funds		 200
6,733
114,167
121,100
(2,016)		 £
934,077
-
740
122,180
122,920
(1,920)
119,084
1,053,161
326,807
129,200
577,428
19,726
1,053,161
2025		 £
953,655
121,000
2024
1,074,655
318,323
133,400
601,024
21,908
1,074,655

Approved by the Board for issue on 17 February 2026 and signed on their behalf by:

H Ellard J French Trustee Trustee

Prepared By Albert Goodman LLP

8

Wincanton Recreational Trust Notes to the Financial Statements For the Year Ended 30 September 2025

1 Accounting policies

1.1

General information and 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 (FRS 102) (effective 1 January 2019)”- (Charities SORP (FRS 102)).

The charity meets the definition of public benefit under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

On 1 November 2020, the wholly owned subsidiary of the charity, Wincanton Sports Ground Management Company Limited (“WSGMC”) (company number 05406944), transferred its trade and assets to the charity.

1.2 Income

Income is included in the Statement of Financial Activities (SoFA) when:

All income is reported as gross of related expenditure.

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

Investment income is included in the accounts when it is receivable.

Income from rental of facilities is included when the activity or rental takes place.

Bar sales are recognised at the point of sale.

1.3 Expenditure

Expenditure is accounted for on the accruals basis. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities. It includes both costs that are directly attributable to those activities and also costs of an indirect nature that are necessary to support them.

Donations and grants payable are payments made to third parties in the furtherance of the charitable objectives. Grants are recognised in the accounts when a commitment has been made.

Prepared By Albert Goodman LLP

9

Wincanton Recreational Trust Notes to the Financial Statements For the Year Ended 30 September 2025

1.4 Fixed assets

All assets costing more than £100 are capitalised.

Depreciation is calculated to write off the cost of all fixed assets over their useful lives at the following rates:

This comprises grant income received from various organisations for the maintenance of the land and buildings in order to keep Wincanton's sports and recreational ground in good condition and up to date.

Freehold land 0% - not depreciated Freehold building 10% reducing balance and 2% straight line Plant and equipment 15% reducing balance and 20 - 33% straight line Fixtures and fixtures 15% reducing balance

1.5 Stock

Stock is recognised at the lower of cost and net realisable value, on a first in, first out basis.

1.6 Debtors

Trade debtors are recognised at the settlement amount due.

1.7 Cash at bank and in hand

Cash at bank and in hand comprise cash on hand and call deposits that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

1.8 Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount. Accruals are recognised where the charity has a present obligation resulting from a past event and will be invoiced post year end.

1.9 Funds

Unrestricted funds

This comprises grant income received from various organisations for the maintenance of the land and buildings in order to keep Wincanton's sports and recreational ground in good condition and up to date.

Endowment funds

This comprises the land and sports field buildings at the Sports and Recreational Ground, Moor Lane, Wincanton. This fund is an expendable endowment fund which may, at the discretion of the Trustees, be applied as income for the Trust's charitable purposes.

Restricted funds

These comprise funds received for capital projects to improve and extend the facilities available at the Sports and recreational Ground, Moor Lane, Wincanton.

Designated funds

The Pavilion Fund has been designated by the Trustees to provide for the building of the pavilion.

Prepared By Albert Goodman LLP

10

Wincanton Recreational Trust Notes to the Financial Statements For the Year Ended 30 September 2025

1.10 Taxation

The company is a registered charity and is therefore not liable to corporation tax or capital gains tax to the extent that the income and gains are applied to charitable purposes.

1.11 Financial instruments

The charity only holds basic financial instruments as defined in FRS 102. The financial assets and liabilities of the charity and their measurements are as follows:

Financial assets – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank – is classified as a basic financial instrument and is measured at face value.

Financial liabilities – trade creditors, accruals, loans and other creditors are financial instruments, and are measured at amortised cost.

2 Donations (including grants)
Other donations		 £
2,400
2,400
Unres-
tricted		 £
-
-
Res-
tricted		 £
2,400
2,400
Total 2025		 £
1,267
1,267
Unres-
tricted		 £
-
-
Res-
tricted		 £
1,267
Total 2024
1,267

Prepared By Albert Goodman LLP

11

Wincanton Recreational Trust Notes to the Financial Statements For the Year Ended 30 September 2025

3 Charitable activities
Pavillion hire
Sports club fees
Advertising income
Bar income
Other rental income
Other income		 £
12,000
22,973
-
12,751
3,808
16,006
67,538
Unres-
tricted		 £
-
-
-
-
-
-
-
Res-
tricted		 £
12,000
22,973
-
12,751
3,808
16,006
67,538
Total 2025		 £
12,000
23,657
300
18,568
4,660
22,506
81,691
Unres-
tricted		 £
-
-
-
-
-
-
-
Res-
tricted		 £
12,000
23,657
300
18,568
4,660
22,506
Total 2024
81,691
4 Investment income
Bank interest receivable
Other interest receivable		 £
1,861
433
2,294
Unres-
tricted		 £
-
-
Res-
tricted		 £
1,861
433
2,294
Total 2025		 £
1,115
-
1,115
Unres-
tricted		 £
-
-
-
Res-
tricted		 £
1,115
-
Total 2024
1,115

Prepared By Albert Goodman LLP

12

Wincanton Recreational Trust Notes to the Financial Statements For the Year Ended 30 September 2025

5 Charitable activities expenditure
£
£
Depreciation
9,852
23,596
Purchases
6,997
-
Water rates
5,747
-
Light, heat and power
8,620
-
Res-
tricted
Unres-
tricted		 5 Charitable activities expenditure
£
£
Depreciation
9,852
23,596
Purchases
6,997
-
Water rates
5,747
-
Light, heat and power
8,620
-
Res-
tricted
Unres-
tricted		 5 Charitable activities expenditure
£
£
Depreciation
9,852
23,596
Purchases
6,997
-
Water rates
5,747
-
Light, heat and power
8,620
-
Res-
tricted
Unres-
tricted		 £
2,182
-
-
-
Endow-
ment		 £
35,630
6,997
5,747
8,620
Total 2024		 £
8,644
11,592
3,387
6,510
Unres-
tricted		 £
23,916
-
-
-
Res-
tricted		 £
2,432
-
-
-
Endow-
ment		 £
34,992
11,592
3,387
6,510
Total
2023
Insurance 4,972 - - 4,972 6,490 - - 6,490
Licences and fees
Telephone and fax
Electricity
Professional fees
Audit and accountancy
Independent examination
Petrol
Repairs and maintenance
Sundry expenses
Cleaning
Bad debts written off		 355
808
8,369
9,617
1,176
840
1,298
8,188
185
684
240
67,948		 -
-
-
-
-
-
-
-
-
-
-
23,596		 -
-
-
-
-
-
-
-
-
-
-
2,182		 355
808
8,369
9,617
1,176
840
1,298
8,188
185
684
240
93,726		 389
709
7,876
35
2,280
840
2,308
3,759
3,950
-
-
58,769		 -
-
-
-
-
-
-
-
-
-
-
23,916		 -
-
-
-
-
-
-
-
-
-
-
2,432		 389
709
7,876
35
2,280
840
2,308
3,759
3,950
-
-
85,117

Prepared By Albert Goodman LLP

13

Wincanton Recreational Trust Notes to the Financial Statements For the Year Ended 30 September 2025

6 Trustees’ expenses and remuneration

No trustee received any expenses or remuneration from the trust. (2024: none)

7 Wages and Salaries

There is no key management personnel remuneration to be disclosed (2024: none) and no individual earned more than £60,000 (2024: none).

8 Fixed assets

Cost
As at 01.10.24
Additions
As at 30.09.25
Depreciation
As at 01.10.24
Charge for the year
As at 30.09.25
Net book value
As at 30.09.25
As at 30.09.24		 Freehold
Land
£
196,822
-
196,822
-
-
-
196,822
196,822		 Freehold
Building
£
1,741,924
-
1,741,924
1,010,976
29,880
1,040,856
701,068
730,948		 Plant&
Equipment
£
62,194
16,052
78,246
42,560
4,809
47,369
30,877
19,634		 Fixtures,
& fittings
£
10,603
-
10,603
4,352
941
5,293
5,310
6,251		 Total
£
2,011,543
16,052
2,027,595
1,057,888
35,630
1,093,518
934,077
953,655

Prepared By Albert Goodman LLP

14

Wincanton Recreational Trust Notes to the Financial Statements For the Year Ended 30 September 2025

9
Debtors
Trade debtors
10
Creditors: Amounts due within one year
Accruals		 2025
£
6,733
6,733
2025
£
2,016
2,016		 2024
£
740
740
2024
£
1,920
1,920

Prepared By Albert Goodman LLP

15

Wincanton Recreational Trust Notes to the Financial Statements For the Year Ended 30 September 2025

11
Statement of funds
Restricted funds
Tennis courts fund
Pavilion and bowling green fund
Grandstand
Other funds
Somerset Community Foundation
Total restricted funds
Designated funds
Pavilion fund
Astro Turf Pitch fund
Total designated funds
Endowment funds
Sportsfield fund
Unrestricted funds
General
Total Funds		 Balance
01.10.24
£
17,789
557,981
11,419
3,835
10,000
601,024
113,400
20,000
133,400
21,908
318,323
1,074,655		 Income
£
-
-
-
-
-
-
-
-
-
-
72,232
72,232		 Expend-
iture
£
(1,778)
(20,785)
(448)
(585)
-
(23,596)
(4,200)
-
(4,200)
(2,182)
(63,748)
(93,726)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-		 Balance
30.09.25
£
16,011
537,196
10,971
3,250
10,000
577,428
109,200
20,000
129,200
19,726
326,807
1,053,161

Prepared By Albert Goodman LLP

16

Wincanton Recreational Trust Notes to the Financial Statements For the Year Ended 30 September 2025

Statement of funds - 2024
Restricted funds
Tennis courts fund
Pavilion and bowling green fund
Grandstand
Other funds
Somerset Community Foundation
Total restricted funds
Designated funds
Pavilion fund
Astro Turf Pitch fund
Total designated funds
Endowment funds
Sportsfield fund
Unrestricted funds
General
Total Funds		 Balance
01.10.23
£
19,771
578,774
11,870
4,499
10,000
624,914
117,600
20,000
137,600
24,353
288,832
1,075,699		 Income
£
-
-
-
-
-
-
-
-
-
-
84,073
84,073		 Expend-
iture
£
(1,982)
(20,793)
(451)
(690)
-
(23,916)
(4,200)
-
(4,200)
(2,432)
(54,569)
(85,117)		 Transfers
£
-
-
-
26
-
26
-
-
-
(13)
(13)
-		 Balance
30.09.24
£
17,789
557,981
11,419
3,835
10,000
601,024
113,400
20,000
133,400
21,908
318,323
1,074,655

Each of the funds noted above (other than the Astro Turf Pitch fund, the Somerset Community Foundation fund and the general unrestricted funds) are funds consisting entirely of fixed assets. The expenditure applied to the funds is depreciation and the closing balance equates to the net book value of the assets contained within the funds.

The Astro Turf Pitch fund is funding received for the creation of an Astro Turf Pitch.

The Somerset Community Foundation fund was received for general business development including general activities, capital investment and volunteer development.

Prepared By Albert Goodman LLP

17

Wincanton Recreational Trust Notes to the Financial Statements For the Year Ended 30 September 2025

12 Analysis of net assets between funds

Endowment fund
Restricted fund
Unrestricted fund
General
Designated		 £
19,726
567,428
237,723
109,200
934,077
Tangible
fixed
assets		 £
-
10,000
89,084
20,000
119,084
Net
current
assets		 £
19,726
577,428
326,807
129,200
1,053,161
Total 2025		 £
21,908
591,024
227,323
113,400
953,655
Tangible
fixed
assets		 £
-
10,000
91,000
20,000
121,000
Net
current
assets		 £
21,908
601,024
318,323
133,400
Total 2024
1,074,655

13 Contingent liability

The Trust currently owns a parcel of land upon which a Covenant is held by Mr Millard. The Covenant will be released in full upon the payment by the Trust of £13,750. Such a payment will become due within 28 days of obtaining a planning consent for economic development for industrial/employment usage.

Prepared By Albert Goodman LLP

18