ChaTIty r•glstrallon numbor 1180381 CLAYGATE RECREATION GROUND TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
CLAYGATE RECREATION GROUND TRUST LEGALAND ADMINISTRATIVE INFORPAATION TnMt••s F Chapm J Snelling T tha1 H E Jors G D Inde(k J Harding TAScott MDRO H G Taggwt R C Jones I cunWhaM Lsmith B Flrfl {Appolnted 21 September 2022) Chorlty nunJ•r 1180381 PrlnclpJl addr•ss Pawl Clayyate RecreatKm Dalm(Ke Avenue Claygate Esher Surrey KH10 OHQ Indèp•ntht •x•mln•r F J Wld8 FCCAMBA DChA Warner Wild8 81sley Surrey GU24 9SF
CLAYGATE RECREATION GROUND TRUST CONTENTS Trustees, lThJewdent exami$ reptyl Statement of fin(jaI actsvi Bance sheet Notes to the ffinandal stateents 9-16
CLAYGATE RECREATION GROUND TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The trustees present thelr anNal report and Ial stalements for the ywended 31 March 2023. Th8 finandal slatements have been prepared n accordance with the aecounttng polldes set out In note 1 to the financial statements and compty llh the ch5 governing dCUC Ihe Charilies Act 2011 arKI 'Accounting and Reting by Charibes: SLrytement of RecorM7end8d Pr8Ctlce 8WicaLqe to charibes prepafing their accounts in acrdanCe the FinaKial Rep[1 Standard appk¢xble In the UK and Republic of Ireland (FRS 102) (elive 1 Jarwary 2019)". ObCtIVeS and actlvlti The charitys objects we: a) To manage cla Recreati (knirKI ofKI the &lAacenl tAl#and for the benefft of the tnhalytants of Claygate and the nelghbourhood in accord8Trx 1h a lease granted to tfU8lees for the trust by Elmbrld9e Borou Councll. b) To prowde such other facilities for re¢xeational pwsuits and other leisure tim8 occupation in th8 intèrests of social welfare with the jec1 of improving the c4nd1thS of lrfe lor ts pe(We rnsklent kn Claygate and the $urroundi)g areas as commlttee of management ofthe trust shal think fft from time io twne. There has be no these thJdng Ihg r. Publlc BoTht The trustees have pald due regard lo guldance ISsd ty the Chaty Ccrfnmissk>n in dBcidwig what aetfvllles thg charity should undertake. Thè twsiees whilst volunteers seek to represent the dfverse aspecls of the cyg•te eommunlty and those orgaThsations v#Nch use the Rec as home venu8 for th8ir sportlng activibes, predOmantlY Claygate Cricket Club aTrJ CIMate Royas Footbal Club. A Ilst of th& trustees can be found at Appendix'A'. The forrnd aspects of this reFKwt i.e. the Accounts cover the pwk)d Awll 2022 to March 2023, however thi$ report covers aclfvltles Ilyough to the cuThent lirre. The gi¢ ts dong so is simple. thé COUnts represent what has gone, but it 1$ lryortant that we a(no4•ledge the challeng8s and celebrate recent achievements. The Trust has had another IsY year WMI b81i8ve that have succeeded In our wry)ose. the recreation wound provldlng an Inyirtanl and wel used resource for cy9ale surroun¢ng ¢ommunths. It Is th8 re¢rnationa hom8 for Claygate Cricket Club and (wrat81 to them for an excellent season wlth fantastlc levels ol partIdpa0n at all age levels. li is also h( to the junior and veteran sides of th8 Claygate Royals Football Club. But re¢reatlon 1$ not aff about ten games. We are host to thii¥irwJ fftnessl wellbeing grow. ad hoc games of football. rounders, netbaiinmsketbdl as vmll as d¢)3 walker5. dog trainlNJ groups and p80plg who lust eryoy the arnence and the dlverse Thalure ofthe reueaikn ground. Wè aT8 fortunate that we also have a playground. Ihhlst the rty refurbished p5ayground is managed by Elmbrfdge Borou COU4111 undoubtedty o)ntfibutes to aclmevement of our purpose. ElJrknrfdg8 Borough ecyJn¢il is wthout doth>t the Tnl'S most iMportl partner. Our grounds are c(¥nplemented by cafè aThl ow evénts r¢ Treetops. Tr¢ café ha$ be¢n18as&J to PITP UK Llnwted the p8St Iwo and a half years. It wovides a focal poknl for many in the c¥)mmunty ttywhout wedt. Tntst Is ¢tInu nrklrKJ wlth PITP to impyove its service and offerlng. Treetops Is a great resowce and is a vern* reguty used by f)833 g(rAV8. events meetKigs organls8rs and chlldren's party hosts. In lit of the exPienCe of the pasi Yea we acw ¢CsIde9 hrhv we can enhance the faality further.
CLAYGATE RECREATION GROUND TRUST TRUSTEES. REPORT (CONTINUED FOR ThE YEAR ENDED 31 IAARCH 2023 Vlslon Our VISI has not thanged. Th¢ Tntst¢es are a gmup of people wlK> we unslknting in thelr o)ntribulion. who come from 8 rrixture of backgrcwnds and experlenc arml make WJ a team that coaleSS around our purpos8 and vision. Famlly Gard•n Our FarrlY Garden has Ibteramy blosson thls thero are plans to see it develop fijrther with Autumn planting for Spring colwr. Those wtrv) use IL and Ihere are many. perhaps jusi accept Ihat is a peaceful oasls, but that ccmjld not be xNeved WIth( Ihe hard work of Rachel. Ev•nts The Twst was keen that Claygate ShOj have an event to ¢elthte the KiNJ'$ r¢That10n. We thought It Imp)rtanl that thbs should be an evgnt centred around children. Extensive pl8nning took place in advance of the day. The centreplece was a foolbal rn[n for boys and glds and other appropdate attracUon9. For the adults, we had music and a bar. Whlst the weather was awful leading to ihe curtailment of several ol the planned actsvities. the fee¢aL on the day from those at the event and later was that a great day had been had by all. To help make It happgn the Claygate Flo¥wr arwj MIla Shrm Cubwnlttee donated £750 and Claygate Parlsh councll £5. The Trust thanks both wlsatlons tr Irty)ntrI1xrtKTh. The Claygale Country 5 was well Sup[(1 by both Claygale resld8nts and k)cal NnniThJ clubs. Almost 400 entrants Signed up and enjoyod the new r&dwnad [xrse. The Clayg8le Flowef and Vilage Show Is probabty the most Impcxtsnt event In the sodal calendar of Claygate and it would be remiss not lo cOgnIse the efftts ttwt went into Lyganisation of this yearfs ovent. Th? show comnMtte8'S cx)mmitrnenL dedication and hard was fArtstwMllrrfJ. The Glg on the Rec Is the largest fuNI raslbvj ev1 Tru4. i)n from the Claygate Flow and Vlllage Show but the r8alty is that plannwvJ starts th8 ye¥ Lth. The planning is undertaken by a small team which for the Lqst two years has been led by Bob Twells ably supported by lan Cunningham. Dedan Leonard. Paul Butler. Gaoff Ed8n and Nick Stafford. This year they woduced a wat ebynt ar#d the vmattw was agaln knnd. A blg Ihank you to the leam and the trustees who Stewarded the evenL Prfma Claygate Prlmary School enjoyed a very Sports Day on the Rec all(Ing ¢ildren and parents io make the most ofthe oarfy summer $unshw* •xl temwnry 1(thi tr¥k Th• P•vllk>n 2023 The Pavilion has been open for two and a half years and has moved to a mre Opefational mode. AFI of the necessary support contracts are in placa and the fabric a1 sarvI beiry maintained to a rewlar cyd8. Of course. as a wel used bullthrKJ. there have been a number of thallenges and issues over tha last yèar ensuring we ¢ontinue to leam how to get the best from wr worKlerful asseL Treetops continue5 to be well used for classes the Iwek. weekend utilisation has been somewhat less than eXrted. There Is demaNI to p&y1 the use of Tr• leh we wlll kk to address In the ming year.
CLAYGATE RECREATION GROUND TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Flnanclal R•vl•w The year to 31 Mar¢h 2023 reFwesenknl what we cnSIder lo have been year on8 of 'busn8ss as usual, artlable actlvlles invdving Ihe manag8Wt OPeTation ofthe Rec and pavllon. During the year ended 31 March 2023, trAal KX)me Yds £120.764 c4ryarod to £199.092 In the prevlou$ nancial yearto 31 March 2022. The d8crease was mostty altslbul8bl& to the exFled reducti¢Jn '(woff gr)ts and th)naknns that were recelved with Ihe speufic purpose of fvndirrfj the pavlion rfrbulkl and the construction ( thg famlty garden (£8,569 was rVed (mpared to £105,724 in Ihe yEar). Thls orfroff fvrKling decrease wa5 offset by nueased reverwJes from G on The Rec of £22.455 (no event In prevlous year due lo Covid-19), pavilion café (inryeased rent ¢harges In Ilne vAlh the leas8> and increased utillsatlon ofTwtLWS. Revenues from outdoor use of the Rec decre8$8d by £3.015 d8SPite thare being higher crfckel fees as a result of thg ex¢ell8nt summer. This was largely du& to k)wer demaThl from Claygate Royals. Other Income knthded sales of thrts in the anwal trust nletter Mthich was hand 4leNvered around the n&i9htKrhoCWj. Thi$ ineomè was cnKlal In ntk)g Ihe c¥)sts of pmting the newsletter. No emergency Ct)vld-10 fundlng was recelved kn the year to 31 Marth 2023 (G(ryaT8d to £8,(KIO In the pou$ year). The grant from Elmbridge Borough CcAMK41 tr1 8UPP(Mt the upkeep of th8 reman8d Changed at £33,230 (as it has done sinc8 2004). Total expenditure was £99.176 (2022: £89.028) (x)verw essenti grourNls and pavkn MaInten¢? and general administration. The increase in oxts Is prknarily due io Ihe I10n of £10.833 rumng costs for Glg on the Rec {2022.' nll). The Tru$l has now eSlIShed what should be the rurtrrate Iml of cy8rthg exnlure for the pavlllon and grounds In what has been a very uncertain e¢0M¢ en¥ironment wllh slgnmlcant Inftallon drfven fJ)sl pressures. It $htyJld be Mted that the Trust was fortunate to have secured a twYear electriaty supply contract In August 2021 and which ewred recenty 18adng to a 75% increase In electrldty tharges from a new supplier. This has led to the Trust exploriThJ the option of instslling solar panels Cb the pavllion r(K>f (see later). Repalr and mainlenarKe costs increase(I by 54% to £45.845 (2022.. £29.819). This w8s attributable to ¢urring pavilion maint8nance charges as wdl as Ihe Increas cost of the grounds contractors who prepare and maintain the grounds kn both sports events general wrrM)ses. Water rates of £2,426 were in1rred (2022.. nll) as a result of the Inwsed level of water consLmption on the cricket pitch85 arKI FarlY Garden during the long hot sumrner. Non-cash deFYeciation charyes of £13.275 {2022'. £34,407) arislng mainty on the pavilron rebulld were ltr•rnr as a reSt of a rebasiw of I•hirj's Usef bfv Imm 16 years to 50 years. The trustees have 8ssessed the maicff risks the drIty is expowj. and are satlsfied thal systems are plxe to mitigato ¢xposur& to ts mahy tsks. Th• Futur• The Trust wouhj like to repeat a Spdng evenl and are to on Ihe success of tho Coronation Paty event. Wilhin the Trust we have abo expanthrvJ the &Xivitses over th8 weekeThJ of the Claygate Flower and Mllap Shcrw and Qg on the Rec. A huge amount of effort goe$ into both events and Ihe Trusl beIVe5 that there may b8 an opportunty to get more tsjt of the InfrastruGlur8 that is created lo enable ()olh events to take place. To that end an in%rytatron will be mwje for $ugges1 of events that cthikl moet this objective. As regards the Pavlllon, the Tntst has been eXorng the poswbility of ir111ng solar p8n818 on the rLW of tha bullding. This opportunty has come about through the efforts of Clawjale Crfckel Club tkno have managed to S8cure the offer of a grrt fr(xn Swrey Ccwnty ljlcket with the remavth of cost to be funded by the Trusl. The Trust hope9 to achleve an Imwoved level of resi1ce th reg15 to an imF¥Mant area of expendlture that has Increased gnfficanty in recent months.
CLAYGATE RECREATION GROUND TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
StructUf•y gov•rnanu ind man•g•m•nt
The charSty 1$ a charl10b 1ntsypor organisalion rnwred on 19 0(X
CLAYGATE RECREATION GROUND TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLAYGATE RECREATION GROUND TRUST I reFQrt to the trustees on ry eXamirkqti of the financaal Stateme d Claygate Recreth Ground Trust (the chadtyl fortr year ended 31 Mtrch 2023. ResponbIllI1•S and of r•wt As the trustees of the Charity you are $pSlIe fcy FryaratIC of ffi•Kaal slatements In accordance with the reqrements d the Charlties 2011 (the 2011 A(a). I rek In respect of my eMination of the firla1 statem8nts carried out under section 145 of the 2011 Act. In carrrrfJ (Krt my examinath)n I have follwed al the awkble Dlrectkins by the Chalky Commisslon under section 145(5Mbl (rf the 2011 ACL Ind•p•nd•nt ?xamlns $tatemont Your attention is drawn to the fact that th8 chwty has rxepwed fintial statements in accordance with Accountlng and Reportlng by Charths tKep8dng th accounts In attordano the Financial Reporting Standard applicale in the UK and RepublK of knland (FRS 102) in weferentx to the ACCOlI1g Reportlng by cha85.. Statement of Recommended Pracllca issu1 on 1 25 which is referred to in the extant regulatiM$ lyjt has rmyw been with(ka¥ffl. l underntsnd that thls has been done in order for fThrKial statem8nts to provide a true falr Mow in accordance Generally Accepted Acc(MJntiw Pradkx effectlve for reportlng periods Wmlng on or after 1 January 2015. I have cometed my exaThwnation. I conkn th no matters have come to my attenlh)n In connectkfb the examinati( giviThJ m8 cause lo believe thal In any maleda respecL acc¥)untlng records were not kept In respect of the charity as rellred by SecaK 130 of lh8 2011 Ac(. or th& finandal sta1effnts <k) not accord with those recLYIts: or the ffinancAal statements do not mmply with the appIlble rewyements c(¥n¢xn¥ng th8 foryn and content of accounts set o¢A Wi the ChareS (Aox4Jnts aThJ Repcyts) Regdatlons 2(KJ8 other than any requirernènt that the a¢¢ounts we a true and fair view which is not a matter ¢onsidered as part of an independent examination. I have no aceMS and have come acrc&SS no ottw fftters In Ihe examinati to Twhlch attenllon should be dra In thls rewt in order kn enable a wcper WKlerstan(kng of ts financial statements to be reached. F J Wllde FCCA MBA DChA Wamer Imkle 4 marild Drlve 81sley Surrey GU24 9SF D*ed: ..3.Q..Q.ctobo.r 2023
CLAYGATE RECREATION GROUND TRUST STATEMENT OF FINANCIAL ACTNMES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Curr•nl flnandal y Total Total funds 2023 2023 2022 Donatlons and legacies Charitable activities Other trading actNllies Investments other IncCe 8.769 45.365 74,926 170 156,727 40,661 1.675 74.926 170 3LK) Totsl Income 111.995 8.769 120,764 199,092 ndl R8i$ing funds 598 2,596 Ch*llabl8 actiNiiies 10,480 98,578 86.432 Total •Xp•ndIrè 10.480 $9,176 89,028 N•t IncoM(0xP0dIlur0) f•r y•arf N•t m4yv•m•nt In fund8 23.299 (1,711) 21.588 110,064 Fund balances at 1 April 2022 325.182 224.840 550.022 439,958 Fund balancos at 31 March 2023 348.481 223.129 571,610 550.022 Tho statement of financlal athitl8s inclLwJes all gains and h)sses re(wnlsed In Ihe year. All hcome and exp6ndlturo derive f cJ)nl1rln9 adi¥iks.
CLAYGATE RECREATION GROUND TRUST STATEMENT OF FINANCIAL ACTivmES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AIARCH 2023 Prlar financlal y Total funds 2022 funds 2022 2022 Donations and gaGleS Charitable aclivitses Other trading xtivitses Investmenls 50.632 40,661 106.095 156.727 40,661 1,675 29 1,675 Tolal Inc¢xn• 91,322 107.770 199,092 Ral8iTrJ funds 2.596 2,596 Charitable activltl8S 54.244 32.188 86.432 Total •xpondl¢ur• 32.188 89.028 N81 Incom•l(•xpndltur•) for th• y•arf Not mov•m•nt In nd4 34.482 75,582 110.064 Fund balances at 1 Aprl 2021 29).7QO 149.258 439.958 FWKI balanc•s at 31 March 2022 325.182 224.840 550.022
CLAYGATE RECREATION GROUND TRUST BALANCE SHEET AS AT31 MARCH 2023 2022 Flx•d amots TangSble assets 13 489, 497.475 Currnnt as••ts Debtors Cash at bank and In hand 14 25019 8.581 95.725 63.549 C1t0. amounts falllng du• wlthln onfr yoar 16 {14.078) (11,002) Net cfftnt assets 81.647 52.547 Totsl as•ots less current Ilabllltlo8 571.610 550.022 Incom• fund• Restricted funds Unr85trici8d furK15 18 223,129 348.481 224.840 325,182 571.610 550,022 19 October 2023 The finandal slatements were approved by Ihg Truste85 on......................... A Brwi Trust•0
CLAYGATE RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountkng pollclos Charlty Infovmatlon Claygate Recreation Ground Trust Is a Lwith oryanlsatlcffj. 1.1 AcGounllng conventlon The ffinancial statements hav6 be prepared N) accord tharltys govemlng dOnt, the Charit¢es Acl 2011 and 'Accounting and RepartW by Charibes: Statement of Recommended Practice applicable to tharities preparlng thelr acxounts kn aL%0rdae wlth the Flnanclal R8portiThJ Standard appllcable in the UK Republic of Ireland (FRS 102} (effeclbve 7 Jawwy 2019).. The charity is a Publc Benefft Enlity as defined by FRS 102. The charfty has tsk advanbje of the WlsIr in Ihe SORP lor chwiiies apptying FRS 102 Updata Buletin 1 rd to prep8re a Slatement of Cash Fluws. The financial statements have departed Irrmn the Chth {A¢wmts Repjrts) Regu11)n3 2008 orty to the extent required to 0v¥je a and farr viv. This departure has involved folk)¥n9 the Stslemenl ol Reoynmended Practice for tharilies applying FRS 102 rather than the veNon of the Ststement of Reoxnmended Practlce whlch Is referred to In the Re181 has b8en 7MthJr. The financial statements are prepwed In sterfhYJ. the I(10al Lwrrency of the charity. metary amounts in these f1wla1 statements aTO rumxjed to the newt £. The finalar statomwts have been wep1 under the IMstcrfKal ¢osl ))nventk)n. Imodffied to Inchjje the revaluatlon of freehold properties and to include vestment Properties certan financral instwm8nts at fair va8]. The prncipal accountirwJ pcAicies ad(yted are Set out below. 1.2 Golng COnM At the time of apffiry th? Ih)and•l statsmwts. the Injstees have a rnascffiat)le expeclation that the chartty has adequate resowlxs to ntiNe in wrational existence fry the fmseeable future. Thus the Inte8S contwiue lo adopt the wlng 0)rM of acCotri¥j the financlal 8tatem8nts. 1.3 Ch•rftablo fund$ Unrestricted funds * available fty use at the (ks¢retkn of ts trustees In furtheranct of thelr charftable objectlves. Restricted funds are subject lo specrflc cc#)dftions by th)nors as to how they may be used. The purposes and uses of the restricted fvnds are set out in the noles to ts fin(>01 Statements. Endowment lunds are subject to spedlk o)nthiwis by LkKwrs Ihat th& c[ rwst be rrO1rtr by the tharity. 1.4 Income Inccrfne 18 recowlsad thtwi the chwlty is l• entill84J to it perfwmarKe caKIllI0nS have beèn moL th8 amounts can b8 mer• relabty. and il is that Income be rec•Ned. Cash donatlons are recowlsed ¥ec. ljher we re(wnlsed once the charfty has been notlfied of the dOnaon, unless pthtrmance condilions requwe delerral of the amount. Income tax recoverable in relati( to thna1 recar¥ad under Gift AMI deeds of covenanl Is re)9sed at th8 tlm8 of the dOnOn. Legade$ are reeognlsed i)n receipt or olhwwse rf ctharity has been r11fd of an Impending distrlbutlon, the amounl is known. receipt is expecled. If the aUnt is rw)t kTh)wn. the legacy Is treated as a o)nllngent asseL
CLAYGATE RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 Accountlng polld (Contlnuodl 1.5 Exp•ndltts Liabiliknas are recognised as expenditure as s1 as11) there Is a legal or cStructIVe obligation commlllng the Trust to that 8xFernlitUTe (li) it is probable that settlement wil be requlred and (In) the amount of the obligation Gan be measured reliably. All expendilure is accounbj for on an accruals basis. Al expen$e$, indudlng support costs and governance costs. we allo¢d c apportloned to the applcable expenditure head$. 1.6 Tanglbl• tlx•d •¥s•ts Tangible fixed assets ar8 iThtialty measured at c¥)st and sub8equeTrty measured at cost or valuallon, not of depreciation and any Impalm)ent los. Depreciatlon is recogniwj so as to write off Ihe cost or vakm11 of assets thelr resldual values 0r Iheir useful lives on the lollowing bases: LeaSehd improvements Containers & equiprw Imckets 2% per amum 10% or 2• feduang balance 33% $trJht line The gain or Ioss 8rislng on the rfisposal of an asset is detemkned as the dIfferen betrn the sale proceeds arwj the carrylNJ value of the asset. and is recognised statement Offinal activities. 1.7 Impalrni•nt of fixed ass•ts At each rep)rting eThJ date, the tarlty re¥1 the carrylTrJ rnnts of its langibl? assets to detsm)Ine whether Ihere is any indication that those assets have suffered an Impalmwnt loss. If any such indication exists. the recoverable am01 of the assel ks estimated in ordor to dotermin8 the extent of the inpalm)t loss {rf any)- 1.8 Cash and cash oqufvalents Cash and cash equivalents indude ¢ash In IoKI. osks held at cal with banks. olher $l-t01 liquid investments wlth orfginal malurlties of tlwee months or less, and bank ov8rikkn. Bank overdrafts are shi)wn within borrowings in current liarties. 1.9 Flnan¢lal In¥trumonts The charity has elected to appty the provisvM$ of Seclvm 11 'Baslc Financial Instruments. and Sectlon 12 'Other Fknancial Instruments Issues. of FRS 1tr2 to all of its financial nstruments. Flnanclal Irtstruments are reCoged the ctsrils b¥bnce sheet wh8n th8 tharity becomès party to the C(raCtUal pro¥i5ions of the IrthmenL Financial assets and liabllitses are offset. wlth the net amounts presented in the ffinancial stalernents. wn there is a legalty enforceable right to set off the reco9nised amounts and Ihere Is an Intentlon to $8ttle on a net basbs or to reaise the asset and selue the Ilablllty simultsnwusly. Basic ffinandal assets, whkh indLJ8 debtors arKI cash and bank balan¢es. are Inlllally mea8ured at transaction wee thd1Th9 transaction costs and are subsequently carried at amortised cost Using the effeclive Interest method unless the arraTrJement crfftsliiutes a finalry transaction. where the transacUoD is measured at the present value of the fubjre re%ipts discounted at a market rab of Intet. Finandal assets classllled as recelvable wlthln 0 are not •nx*lsad. 10-
CLAYGATE RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounllng pollcl•s (ContIrnd1 8aslc Ilnanclal Ilabllftl•s Basic finanThal liabilities, Inththng uedlior8 and bank are Inlllally rnwjntsed 8t transacuon prke unless the arrangement constitijles a finantsrwJ tran&t1. Wre the debt instrument Is measured al the present value of the future payments al a market rale of interest. Finan(#al liabilities classified as payable within one year are not aThKrflised. Debl Instruments ar& Subsewenty ¢arrd at amorti ¢osL usiNJ effectlve Interest rate methc*J. Trade ereditots are obligations to pay for gcths or servlees that have been acqulred In the ordlnary course of operations from supplers. Amourts payable are dassrfted as current liabilibes rf payment due wilhln one year or less. 11 not. Ihey are presented as TrJn-Curt liabilitiès. Trnde creditors are r8LX)gnised Irwllally at traDsacllon price aryj subsequendy mgasured at cost using the gffective interest method. D•r•¢ognltlon of ffijanclal Ilablllt Financial liabilities are dereca)9nised when the Chwits contractual ob11yOrfj expire or are dscharged or cancelled. 1.10 Employm b•n•ftt8 The cosl of any uwsed holidty etititknt is rety)giMsed in the the employee's seCeS Temiinatlon benefts are recognised immediately as an expense v#hen the charity is dgmonstrabty committwj to temiinate the emFAoyThwit of an empw or to FKOVKle teInatIon benefits. Crllkal aountIng Mtlmat•s WKI ludg•m In the appllcallon of the charftys aCColI¥j the tnjstees aTe required to make judgements. estimate$ and asswnplions atout the carying amount of assets and liabilities that are not readi apparent from other sources. The estlmates and associa assurybons are based on hiskncal expgrience and <>ther factots that are considered to be relevant. A¢tual results mty differ from these estimates. Thé 8sllmatés and derfn9 asswyykn are revie£ w an ongoiw basts. Reviskns to a¢¢ountlng estimales are recognised In the perlod in which th8 8stimat8 Is revised where the revision affects onty that Pe¢1. or In Ihe of the revision fuiwe wh8r8 rwision affeds both currant and firturè peri¢xls. Donatlons and18gaclo• Unrnstrlctod Ro•trlct•d Total Lknrestricted Restricted funds Total 2023 2023 2022 2022 2022 Donaknns fn)m indivwjuals Grants induding lta1 Grants Mamber5hlp fees 9.337 371 9.708 33.230 8.769 41.999 41.230 105,724 146,954 8.769 45.365 50.632 106,095 156,727 11
CLAYGATE RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ch•rltabl• a¢llvltl•g Ch• Charf¢•b Inco*• Tdal Charkabl• Ch•wll•bl• 2023 Incorn• Toial 2022 2022 Sales within ch8rlt8ble actIlIeS AncÉMary tradng Inrx)me Charftable rental Income 13.033 13,033 8.254 60.828 60.828 32.407 32.407 14,098 60,828 74.926 8.254 32.407 40,661 Other tradlng actlvltle• Unrnstrfct•d Resmcted funds funds 2023 2022 Fdrang events 170 1.675 Inv••tm•nts Unr•strlct•d Unrestricted fund8 funds 2023 2022 Interest Te¢eivable 29 Other Incon nd• Z023 2022 U5w definable dher ino) headiry 1 300 12-
CLAYGATE RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ralsbng funds Unr•strlct•d Unrestrlcted nd• fimd$ 2023 2022 Adverlisw 2,596 in Other trading acti¥rytie5 112 598 2,596 Charltablo actlvltle* Charltabh Charftable Exp•ndhur•Exp?ndltur• 2023 2022 DepredaOn arthj Impalmwbt Rates and utilities Insurance Repairs and manlenance Admlnislration and general expenses GOTR pavilK Open Day 13,275 15,753 34,407 13,370 1.858 29.819 4.918 45.845 6,800 10.833 95,232 84,372 Gra)t fun(ling of a¢livllle$ {s¢e noto 10} 1.065 Share of support L¥)sts ($00 nL4e 11) Share of govemanc• costs (see ncts 11) 35 2.025 1.596 98.578 86.432 Analysls by fund Unrestricted fijnds Restrfcted funds 88.098 10.480 54,244 32,188 98.578 86.432 13-
CLAYGATE RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Gr pJy•bl• Charllabl• Expendliure 2023 2022 Grants to in51ilutions.' Other 11 Support ¢o•ts Suppcyt Govemance 2022 Legal and professlonal 35 35 Aaccxjnts prepara¥on and Irependent Examination Bank charges 1.548 477 477 2.281 2.025 2.060 Analysed beiween Charitable tIvitIeS I96 2281 2,025 2,060 12 Trust• Nono of Ihe trustees r1Ved any remuneration or benefits from the ch*ity duriNJ the year. 14.
CLAYGATE RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 13 Tanglbl• fix•d ass•ts Tolal Cost At 1 Aprfl 2022 Ad(thtsons 513.7PJ) 1.291 3.15S 539.784 5.763 4.472 At 31 March 23 515.071 27,321 3,15S 545,547 D•pr•clallon and Impalrni•nt At 1 April 2022 Oepreclatlon charged kn the ar 31,932 10.301 7222 2.974 3,155 42,309 13,275 At 31 Marth 2023 42.233 10.196 3,15S 55.584 Carrylng amount At 31 Marth 2023 472.838 17.125 489,963 At 31 Marth 2022 481.848 15.627 497.475 In 2021. 8XP8ndiiure of £690.161 was re(re under a prop devaknpm8nt aweement th Elmbrtdge 8orough Coundl aThl not i1]ed withkn the lease1K)J imprnvats Shry above. 14 Oobtorn 2023 2022 Amounts fallkng du• wlthln on• y•. Trade debto Other debtors ppayMents and accnHI Income 16,174 3,447 6,198 3.772 2.483 2.326 25.819 8.581 15 Cr8dlt¢rs: •m¢wnts falllng du• qthln y•w 2023 2022 Trade ¢redito Other LYeditLYS Accruals and deferred Inoyne 9.814 7.020 1,008 2,974 3264 14.078 11,002 15.
CLAYGATE RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 R•¥trlcl•d fund• The income funds of the charity inclLKle reStrted funds e<xwWng tha folkxrfry unexpended balances of donations and grants held on trust for specfflc purtM)ses: Movomont In funds Movom•nt In funds 1 Awll 2021 •xp•nd•d 31 IAveh 202J Pavlllon Rebulld prolect Claygate Sign 149,258 lo6,4} (31.932) 223.816 8.769 (10276 222.309 1.280 (256) 1.024 {204) 149.258 107,770 132,188) 224,840 8.769 (10,480) 223.129 17 Ansls of n•t asmts botwo•n fund• Unr•slrf¢t•d Rostrl¢t•d funds funds 2023 2023 Total Unrestrlcted Restiicled furwjs funds 2022 2022 2023 2022 Fund balances at 31 March 2023 we represented by: Tangible assets Current asseisl Iliabdities} 266.834 223,129 489.963 272.635 224.840 497,475 81.647 81.647 52.S47 52,547 348,481 223.129 ST1,610 325.182 224,840 550.022 18 R•l•t•d party transactlons Rdatives of one of tho Irustees receivod £1,500 durthg thè yearfor the provlslon of gate-()sing sgrwces to the chty.