## **Unaudited Financial Statements** 

Somerton Recreation Ground Trust For the year ended 31 March 2025 

Prepared by Blue Lias Accounting Limited 




## **Contents** 

- **3** Directory 

- **4** Client Approval 

- **5** Accountants' Report 

- **6** Profit and Loss 

- **8** Balance Sheet 

- **9** Notes to the Financial Statements 

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## **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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## **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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## **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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## **Profit and Loss** 

## **Somerton Recreation Ground Trust For the year ended 31 March 2025** 

|**Profit and Loss**<br>**Somerton Recreation Ground Trust**<br>**For the year ended 31 March 2025**|**Profit and Loss**<br>**Somerton Recreation Ground Trust**<br>**For the year ended 31 March 2025**|
|---|---|
|**NOTES**<br>**2025**<br>**2024**||
|**Sales**||
|Bank interest received<br>501<br>472||
|Fund raising/ Donations income<br>4,152<br>2,697||
|Grant income<br>10,344<br>-||
|Grounds income<br>3,915<br>8,066||
|Miscellaneous Income<br>58<br>251||
|MUGA Income<br>5,105<br>672||
|Pitch Fees<br>15,155<br>18,874||
|Sponsorship<br>-<br>145||
|Sports Club Fees<br>6,900<br>6,900||
|STC Grant income<br>8,000<br>-||
|**Total Sales**<br>**54,130**<br>**38,077**<br>**Cost of Sales**||
|Purchases<br>279<br>-||
|**Total Cost of Sales**<br>**279**<br>**-**||
|**Gross Profit**<br>**53,851**<br>**38,077**||
|**Gross Profit %**<br>**99**<br>**100**<br>**Expenses**||
||**General Administration**|
||Accountancy Fees<br>343<br>621|
||Cleaning/Waste<br>733<br>762|
||Computers & Software<br>516<br>344|
||ConsultancyFees<br>4,628<br>-|
||Electricity<br>667<br>2,101|
||Gas<br>-<br>404|
||Insurance<br>2,544<br>2,462|
||Maintenance Contracts<br>14,071<br>13,542|
||Professional Fees<br>3,913<br>-|
||Repairs<br>3,137<br>8,328|
||Software Subscriptions<br>340<br>85|
||Subscriptions<br>54<br>-|
||Water Rates<br>1,079<br>432|
||**Total General Administration**<br>**32,025**<br>**29,082**|



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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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## **Balance Sheet** 

## **Somerton Recreation Ground Trust** 

## **As at 31 March 2025** 

|**Balance Sheet**<br>**Somerton Recreation Ground Trust**<br>**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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## **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**<br>**2024**|**2025**<br>**2024**|
|---|---|
|**2. Tangible Assets**||
||**Depreciation**|
||Depreciation of plant & machinery<br>4,684<br>2,213|
||**Total Depreciation**<br>**4,684**<br>**2,213**|
||**Total Tangible Assets**<br>**4,684**<br>**2,213**<br>**2025**<br>**2024**|
|||
|**3. Current Liabilities**||
|Accruals<br>343<br>621||
|Creditors Control Account<br>-<br>28||
|Rounding<br>-<br>-||
|**Total Current Liabilities**<br>**343**<br>**649**||



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Notes to the Financial Statements 


|**2025**<br>**2024**|**2025**<br>**2024**|
|---|---|
|**4. Capital Account**||
||**Capital**|
||OpeningBalance<br>642,036<br>635,847|
||Currentyear earnings<br>14,846<br>6,289|
||Profit and Loss Account<br>300<br>(100)|
||**Total Capital**<br>**657,182**<br>**642,036**|
||**Total Capital Account**<br>**657,182**<br>**642,036**|



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