Unaudited Financial Statements
Somerton Recreation Ground Trust For the year ended 31 March 2025
Prepared by Blue Lias Accounting Limited
Contents
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3 Directory
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4 Client Approval
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5 Accountants' Report
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6 Profit and Loss
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8 Balance Sheet
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9 Notes to the Financial Statements
Somerton Recreation Ground Trust Page 2 of 10
Unaudited Financial Statements
Directory
Somerton Recreation Ground Trust For the year ended 31 March 2025
Proprietor
Somerton Recreation Ground Trust (2019)
Business Address
Justin Tripp (Treasurer), Gassons Lane, Somerton, Somerset, United Kingdom, TA11 6HW
Accountants
Blue Lias Accounting Limited
Walker House Market Place Somerton Somerset TA11 7LX
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Unaudited Financial Statements
Client Approval
Somerton Recreation Ground Trust For the year ended 31 March 2025
In accordance with the engagement letter, I approve the financial information which comprises the Profit and Loss account, the Balance Sheet and the related notes. I acknowledge my responsibility for the financial information, including the appropriateness of the applicable financial reporting framework as set out in the notes, and for providing Blue Lias Accounting Limited with all information and explanations necessary for their compilation.
This report is made solely to you, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial information of Somerton Recreation Ground Trust (2019) and state those matters that we have agreed to state to you in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Somerton Recreation Ground Trust (2019) for our work or for this report.
You have approved the financial information for the year ended 31 March 2025 and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation.
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial information.
.................................................
Somerton Recreation Ground Trust (2019)
20 January 2026
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Unaudited Financial Statements
Accountants' Report
Somerton Recreation Ground Trust
For the year ended 31 March 2025
In accordance with our terms of engagement, we have prepared for your approval the financial information of Somerton Recreation Ground Trust for the period ended 31 March 2025 from the entity's accounting records and from information and explanations you have given us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of Somerton Recreation Ground Trust and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical release TECH08/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than you for our work or for this report.
You have approved the financial information for the period ended 31 March 2025 and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation.
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial accounts.
Signature.........................................
Blue Lias Accounting Limited
Walker House Market Place Somerton Somerset TA11 7LX
20 January 2026
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Unaudited Financial Statements
Profit and Loss
Somerton Recreation Ground Trust For the year ended 31 March 2025
| Profit and Loss Somerton Recreation Ground Trust For the year ended 31 March 2025 |
Profit and Loss Somerton Recreation Ground Trust For the year ended 31 March 2025 |
|---|---|
| NOTES 2025 2024 |
|
| Sales | |
| Bank interest received 501 472 |
|
| Fund raising/ Donations income 4,152 2,697 |
|
| Grant income 10,344 - |
|
| Grounds income 3,915 8,066 |
|
| Miscellaneous Income 58 251 |
|
| MUGA Income 5,105 672 |
|
| Pitch Fees 15,155 18,874 |
|
| Sponsorship - 145 |
|
| Sports Club Fees 6,900 6,900 |
|
| STC Grant income 8,000 - |
|
| Total Sales 54,130 38,077 Cost of Sales |
|
| Purchases 279 - |
|
| Total Cost of Sales 279 - |
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| Gross Profit 53,851 38,077 |
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| Gross Profit % 99 100 Expenses |
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| General Administration | |
| Accountancy Fees 343 621 |
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| Cleaning/Waste 733 762 |
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| Computers & Software 516 344 |
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| ConsultancyFees 4,628 - |
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| Electricity 667 2,101 |
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| Gas - 404 |
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| Insurance 2,544 2,462 |
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| Maintenance Contracts 14,071 13,542 |
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| Professional Fees 3,913 - |
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| Repairs 3,137 8,328 |
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| Software Subscriptions 340 85 |
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| Subscriptions 54 - |
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| Water Rates 1,079 432 |
|
| Total General Administration 32,025 29,082 |
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Unaudited Financial Statements
Profit and Loss
| NOTES | 2025 | 2024 | |
|---|---|---|---|
| Vehicle Fuel | 1,127 | 493 | |
| Total Expenses | 33,152 | 29,575 | |
| Net Profit (Loss) | 20,699 | 8,502 |
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Unaudited Financial Statements
Balance Sheet
Somerton Recreation Ground Trust
As at 31 March 2025
| Balance Sheet Somerton Recreation Ground Trust As at 31 March 2025 |
|||
|---|---|---|---|
| NOTES | 31 MAR 2025 | 31 MAR 2024 | |
| Fixed Assets | |||
| Tangible assets | 2 | 599,002 | 591,192 |
| Total Fixed Assets | 599,002 | 591,192 | |
| Current assets | |||
| Cash at bank and in hand | 64,376 | 53,707 | |
| Total Current assets | 64,376 | 53,707 | |
| Current liabilities | |||
| Trade creditors | - | 28 | |
| Other creditors | - | - | |
| Accruals and deferred income | 343 | 621 | |
| Total Current liabilities | 343 | 649 | |
| Net current assets | 64,033 | 53,058 | |
| Net Assets | 663,035 | 644,250 | |
| Capital | |||
| Capital account | 4 | 657,182 | 642,036 |
| Total Capital | 657,182 | 642,036 |
These financial statements were approved on 20 January 2026
I approve the accounts and confirm that I have made available all relevant records and information for their preparation.
.........................................
Somerton Recreation Ground Trust (2019) Proprietor
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Unaudited Financial Statements
Notes to the Financial Statements
Somerton Recreation Ground Trust For the year ended 31 March 2025
1. Accounting Policies
Basis of preparing the financial statements
The financial statements have been compiled on a basis which enables profits to be calculated in accordance with generally accepted accounting practice and which provides sufficient and relevant information to enable the completion of a tax return.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Depreciation is provided, at the following annual rates in order to write off each asset over its estimated useful life.
Account Method Rate
Going Concern
The financial statements have been prepared on a going concern basis.
| 2025 2024 |
2025 2024 |
|---|---|
| 2. Tangible Assets | |
| Depreciation | |
| Depreciation of plant & machinery 4,684 2,213 |
|
| Total Depreciation 4,684 2,213 |
|
| Total Tangible Assets 4,684 2,213 2025 2024 |
|
| 3. Current Liabilities | |
| Accruals 343 621 |
|
| Creditors Control Account - 28 |
|
| Rounding - - |
|
| Total Current Liabilities 343 649 |
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Unaudited Financial Statements
Notes to the Financial Statements
| 2025 2024 |
2025 2024 |
|---|---|
| 4. Capital Account | |
| Capital | |
| OpeningBalance 642,036 635,847 |
|
| Currentyear earnings 14,846 6,289 |
|
| Profit and Loss Account 300 (100) |
|
| Total Capital 657,182 642,036 |
|
| Total Capital Account 657,182 642,036 |
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Unaudited Financial Statements