Stonesfield Playing Field Association
CIO
Registered Charity Number 1181091
Unaudited Financial Statements
31 March 2025
Stonesfield Playing Field Association CIO
Trustees’ statutory report
The trustees present their report together with the unaudited financial statements for Stonesfield Playing Field Association CIO for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) published in July 2014. The charity is governed by its constitution adopted on its registration as a charity on 10th December 2018.
Reference and administrative details
Registered charity name Stonesfield Playing Field Association CIO Registered charity number 1181091 Principal address Field Close, Stonesfield, Witney, Oxon OX29 8HA
Trustees of the charity
The trustees who have served during the period were as follows:
M Hatton
B Clarke
A Tacon (Deceased 13-03-25)
F Huddleston (Resigned)
K Patterson
Objectives and activities
The trustees must apply the income of the charity in furtherance of the main charitable objectives which are to provide and manage the playing field and its recreational facilities for the inhabitants the Parish of Stonesfield. In furtherance of these objectives the Trustees will:
• Maintain the facilities to an adequate standard that provides for both amateur sports and general recreational use
• Engage with other village organisations and amateur sports clubs for the benefit of all inhabitants of Stonesfield parish
• Provide and assist in the development of the facilities to encourage both organised and general sporting and recreational use by different village groups including, but not limited to, children, youths and any disabled inhabitants of Stonesfield parish
Public Benefit Statement
The trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
Achievements and Performance
This year has not featured any capital projects, and the results reflect normal levels of activity.
Financial review
Results
The charity’s principal sources of income and payments made are summarised in the attached receipts and payments account. The charity achieved an overall deficit for the year of £207.58 comprising a deficit on restricted income funds of £601.38 and a surplus on unrestricted income funds of £393.80
Taxation
The charity is entitled to those exemptions from UK taxation available in law to charities.
Reserves Policy
Charitable unrestricted reserves are defined as income which becomes available to the charity and is to be spent at the trustees’ discretion in furtherance of any of the charity’s objectives, but which is not yet spent, committed, or designated.
The unrestricted reserves of the charity are represented by the accumulation of cash reserves from surpluses of receipts over payments in both the current and past financial years plus past investment in the physical assets of the charity. The level of free cash reserves will be reviewed regularly by the trustees and the charity’s policy is to retain accumulated funds at a sufficient level to cover its annual running costs independent of any ring-fenced funds designated for future capital projects.
Structure, governance and management
At the end of the period the Board comprised 3 trustees, all of whom served on the board throughout the year. The trustees hold, at a minimum, half yearly meetings to consider all aspects of the charity’s activities.
Statement of trustees’ responsibilities
The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and the Financial Reporting Standard in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The law applicable to charities in England and 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 incoming resources and application of resources 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.
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Observe the methods and principles in the Charities SORP.
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Make judgements and estimates that are reasonable and prudent.
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that 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 Financial Reporting Standard in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and trust deed. 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.
On behalf of the board
Mark Hatton
Trustee and Treasurer
27 July 2025
Statement of fnancial activities Receipts and Payments account
For the year ended 31 March 2025
| March 2025 | |
|---|---|
| Income from: Stonesfeld Parish Council grant Sports & Social club donation Community Trust grant Other income Total Income Expenditure on: Insurances Playing Field maintenance Equipment Other Adjustment 2024 error Total Expenditure Net Income/(Expenditure) Reconciliation of funds: Total funds bought forward Net Income/Expenditure for the year Total funds carried forward |
Unrestrict ed Income funds Restrict ed Income funds Total funds Unrestrict ed Income funds Restricte d Income funds Total funds 2025 2025 2025 2024 2024 2024 £ £ £ £ £ £ 1000 1000 2500 2500 1250 1250 2500 2500 3650 2900 6550 6708 4000 1070 8 |
| 4900 6400 1130 0 6708 6500 1320 8 |
|
| 861 861 778 778 3163 843 4006 1013 1884 2897 6158 6158 482 482 420 420 20 20 |
|
| 4506 7001 1150 7 2231 1884 4115 |
|
| 394 (601) (207) 4477 4616 9093 |
|
| 22601 4616 2721 7 18124 1812 4 394 (601) (207) 4477 4616 9093 |
|
| 22995 4015 2700 9 22601 4616 2721 7 |
Balance sheet
At 31 March 2025
| Fixed assets Current assets Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Total funds carried forward Analysis of total funds Childrens play area renewal reserve Muga renewal reserve Hedge trimmer fund General reserves |
Unrestrict ed income funds Restricted income funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 1 1 1 |
|---|---|
| 22995 4015 2700 9 2721 6 |
|
| 22995 4015 2700 9 2721 6 |
|
| 0 0 0 0 |
|
| 22995 4015 2701 0 2721 6 22995 4015 2700 9 2721 6 |
|
| 22995 4015 2700 9 2721 7 |
|
| 9000 9000 9000 5000 5000 5000 0 0 2500 8995 4015 1301 0 1071 7 |
Total funds carried forward
2700 2721 22995 4015 9 7
Approved by the trustees on and signed on their behalf by:
Mark Hatton Trustee and Treasurer