**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:
- a) provide recreational facilities for the benefit of a widely defined user group for Wincanton and the surrounding area; and
- b) manage and improve the recreational facilities and equipment provided.
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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable 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 concern basis unless it is inappropriate to presume that the charity will continue in business.
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:
- the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
- the monetary value can be measured with sufficient reliability.
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