THE VICTORIA FIELD CHARITY CIO
ACCOUNTS
YEAR ENDED 31 MARCH 2025
CONTENTS
PAGE
Trustees, report
Independent accountants, report
Statement of financial activities
Balance sheet
Notes to the accounts
Registered Charity number
1182923

THE VICTORIA FIELD CHARITY CIO
TRUSTEES. REPORT
The trustees present their report wilh the statutory accounts of the charity for the year
ended 31 March 2025.
PRINCIPAL ACTIVITIES AND OBJECTIVES
The principal activities of the charity during the year under review were to provide or assist
in the provision of facilities for the inhabilants of the district of Mendip, and in partiCLFlar the
parish of Streel or the neighbourhood thereof, for recreation or other leisure-time occupation
in the interests of social welfare, with the object of improving the conditions of life for the
said inhabitants.
TRUSTEES
The trustees holding office during the period were as follows..
Richard Clark
Peter Goater - resigned September 2024
Anthony Morgan - resigned December 2024
Jean Howard
Adrian Sparkes - resigned May 2024
Christopher Geary- appointed December 2024
Simon Evans - appointed January 2025
Kenneth Southers - appointed February 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Victoria Field Charity CIO is a foundation charitable incorporated organisation
registered on 10 April 2019. Its registered Gharily number is 1182923 and the address of its
principal office is Victoria Field, Leigh Road, Street, Somerset BA16 OHB.
The charity Irustees manage the affairs of the CIO and may for that purpose exercise all the
powers of Ihe CIO. Except lor the first trusteees, all trustees are appointed for 3 years.
The exlstSng trustees appoint new trustees in a properly convened meeting of the charity
trustees. The maximum number of charity trustees is 9 and the minimum 3. The following
bodies may nominate and appoint up to 2 trustees each -street Parish Council and Clark
Foundation.
Any trustee can call a meeting of the charity trustees and subject to that the truslees decide
how Iheir meelings are called and what notice is required.
The major risks to which the charity is exposed, as identified by the trustees, have been
reviewed and systems or procedures have been established to manage those risks.
Page 1

ACHIEVEMENTS AND PERFORMANCE
The core business of Ihe charity is to manage and maintain buildings and playing areas. These are used by the sporting
and recreational clubs aflilialed lo the Charily and are al80 available for general hire. In addition, accommodation and
services are provided for the Victoria Field Social Club, with Social Club membership being a prerequisite to membership
of affiliated clubs.
FINANCIAL REVIEW
The financial year presented many challenges lo the CIO with the loss of 3 experienced Iruslees being noted and we
thank them for their efforts. However, a new chapter has begurk Ihal will, in lime, slrenglhen the viability of the charity.
We have reoruiled 4 new Iruslees all of whom are volunteering their lime lo help secure the future of Ihe charity and our
facilities. l am pleased lo acknowledge that our finances are improving, bul as reporked there is still a need lo review our
ongoing costs against our income, we cannol continue to trade al a loss. £2k needs lo be found to balance our books and
therefore a close scrutiny is Mow paramount. We have a number of new challenges that need urgent allenlion and
funding lo ensure the safety and secLtrily of our buildings. We are r)ow focussed on funding through grant applications to
&nable these essential works lo be completed. We are commilled lo stability and Ihe8e accounts demonstrate Ihal we aro
going in the right direction. We. as Iruslees, wish lo work with all the sections, users and members in a spirtl of co-
operation, understanding and respe¢t for the years ahead.
Jean Howard
VFCIO Chair
27 Jun& 2025
Page 2

INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF THE VICTORIA FIELD CHARITY CIO
I report on the accounts of The Victoria Field Chariiy CIO for the year ended 31 March 2025 which are set
out on pages 4 to 9.
Respective responsibilities of trustees and reporting accountant
The charity's Iruslees are responslble for the preparation of the aGcounts. They consider that an audit is ni
required for this year (under seetion 144(2) of the Charities AGt 2011) and that an independent examinatior
is needed.
It is my responsibility to examine the accounts (under section 145 of the Charities Act 2011), to follow the
procedures laid down in the General Directions given by the Charity Commissioners (under seclion
145(5llb) of the ChaNties Act 20111 and to slate whether particular matters have come to my attention.
Basis of independent examiners, report
Our exatnination was carried out in accordance with the General Directions given by the Charity
Commissioners. An examination includes a review of Ihe accounting records kept by the charity and a
comparison of the accounls presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any
such matters. The procedures undertaken do not provide all the evidence that would be required in an auc
and, consequently, we do nol express an audit opinion on the view given by the accounts.
Independent examlners, statement
In connection with our examination, no matter has come to our attention which gives us reasonable cause
to believe that, in any material respect, the requirements to keep accounting records in accordance with
s130 of the Charities Act 2011 and to prepare accounts which accord with Ihe acGounting records and to
comply with the accounting requirements of the Charities Act 2011 have not been met, or to which, in our
opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reachei
Maxwell Foote
Max Foote Associates Limited
Chartered Certified Accountants
2 Bailey Hill
Castle Cary
Somerset BA7 7AD
Dated.. 27 June 2026
Page 3

THE VICTORIA FIELD CHARITY CIO
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2025
Nole
2025
2025
Unrestricted Reslricled
Fund
Funds
2025
Total
2024
Tolal
Income and endowments
Donalions
Charitablé activities
Investmer)l income- interest received
Other
2,722
122,846
122
2,722
122,846
122
114,748
75
12.769
Total income
125,690
125.690
127.592
Expendlture
Ch8rilable activities
Other
98,664
21.277
98,664
21,277
112,617
21,379
Total expenditure
119,941
119,941
133,996
Net Income represanting a net movemenl in funds
5,749
5,749
16,404>
Reconciliation of funds
Tolal funds brought forward
495,962
495,962
502,366
Total funds Carrled forward
501.711
501,711
495,962
Page 4

THE VICTORIA FIELD CHARITY CIO
BALANCE SHEET AT 31 MARCH 2025
Note
2025
2024
Fixed assets
Tangible assets
475,126
475,48
Current assets
Debtors
Cash at bank and in hand
22,518
27,739
20,401
17,818
Total current assets
50,257
38.219
Creditors
Amounts falling due within one year
10 (23,672)
(14,247)
Net current assets
26.585
23,97:
Total assets less current liabilitles
501,711
499,461 1
Creditors
Amounts falling due after more thar) one year
10
{3,491 1
Total net assets
501.711
495,96,,
The funds of the charity:
Restricted income funds
Unrestricted inoome funds
501,711
495,96.,
501.711
495,96:
The accounts W6ra approved by the trustees on
ON BEHALF OF THE TRUSTEES
CHAIR-
(4Yffv<
TREASURER-
Page 5

THE VICTORIA FIELD CHARITY
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
I. ACCOUNTING POLICIES
The principal accounting policie8 adopted in the preparation ol thg financial slat6rnents are Set out below
and have been consSstenlly applied urilhin the 88me accDunts.
1.11 Basls ol accountlng
The acGounls have been prepared under the historical cost wnvention with Ilems recognlsgd 81 cost or
transa¢tion value unless otheMs& slated In the notes to thesé accounts.
The accounts have also been prepared in ac¢ordance wlth th8 Statem2nl of Recommended Praclice..
Accounting and R8POrtlng by Charilles preparing Ihelr accounts in accordance wilh the Financial
R8POrting Standard applicable in the VK and Republic of Ireland IFRS 1021 leffecllve l J8nuary 20151-
{CharS1i438 SORP FRS 1021 and the FinanGlal R£portlng Slandard applkab16 in the United Klngdom and
Republ￿ of Ireland IFRS 1021186ptember 20151 and the Chaiilies Acl 2011.
1.21 Recognitlor] of in¢ome
ITTrcome is includpd in the Stat8m8nl of Flnen¢ial Actlvillès ISOFAI when the ch8rily b8comes enlltkd to
the regources, il is more Ilkely than nul Iliat the Iruslees wim re￿1ve the resources, and the monetary
valu8 can be rne8suTe wilh sufficiently reliability.
1.31 Liablllty recognition
LiabilEthes (Ire recognlsed when it is more likety than not th81 there is a legal or con8lrLiclive obligation
cnmmilling the Gharily to pay out resourGeS, and the amount of the oblig81ion can be measured with
reasonable certainty.
fj.41 Governance and support ¢osts
Support e081s have been allocaled between uovernan¢e Costs and th8 provi5YJn of l&isiJre faclllties.
Govemanc? costs comprise all cos1% involving publlc accountability of the charity and Ils oompliancp with
regulallon and good practice. Support C051s indude central functions and have been alloc8led lo activity
C{k￿l cat6gories on a basis ¢onsisler*l with the t]se of the resources.
1.51 Tangible fixed assets for us8 bythe ¢h2rity
Tangible fixed assets held for the tharitls own use are staled al cost less accumulated depr8clalion and
8c¢umulated impairm8nl10s$8S.
Depr￿allOn has been compuled lo write off the cosl of tanglbla fix8d 85sets less residual value over
their expecl8d useful Ilves using Ihe lollowing rates:_
Fiylures. fitting5 atKJ eouipment 200h s(r31ghl line
Computer equipment
33°k 8traight Iln&
The Charity's perman8nt freeh(Ad buildlngs hav8 not been d8preoated. Th8 fabric ol these
buildings will be malnlained lo a hlgh standard and as a result théir useful life will not be impaired.
At eAr.h balance shect dale, the ¢harity Igvlews the carryng arn￿￿1 of its tangible fixed assets lo
determine whether Ih8re is any indication that any items hav6 suffered an impalrment105s. 11 any such
Indi¢81ion exists, the re¢overable amount of an asset IS 8Stimaled in order lo determine the exlent of the
Impalrmenl loss. If any. Where il Is not P05slble to e51im31e th8 r8COverab￿ amount ol the assel, Ihe
charlly eslimates the 18cover8bla amount of the cash-generaling unit to which Iha ass8t bebngs.
1.61 Funds structure
Unr8slrl¢ted fund
Income within this fund h8s been generatad by the charSly and the use ol 8￿ch income has not been
reslri¢led lo a particular purpose. In addillon lo meetlng th8 CQSts of activitie5 In fvrlh8ran¢e of the
harilys obj8¢t5, the unreslrided fund has to pay lor Ihe general adminlstralion of the Gompany.
Restricled fvnds
Th8se are funds r8slric18d lo a partlcular purpose.
Page 6

THE VICTORIA FIELD CHARITY CIO
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
INCOME AND ENDOWMENTS
Total funds
2025
Total funds
2024
Unreslri¢led Reslrided
runds
funds
Donallons
2,722
2.722
INCOME FROM CHARITA8LE ACTIVITIES
Hio trl facilllies
Renl receivable frotn sports se¢lions
Renl receivable from 50¢ial club
Re¢h8roe of cosls to social Club and sports 88Ctlons
Fundiaising 8vefits
17,880
56,167
43,627
1,676
3,496
17,880
S6.167
43,627
1,676
3,496
17.592
41,929
47,540
7,687
Total Inoome from ¢harltab18 actlvlties
122,846
122,846
114,748
OTHÈR INCOMSNG RESOURCES
Total funds
2025
Total funds
2024
Unreslricled ReslriclBd
funds
f￿ndS
MisGellan8ous refunds
Government aftd local authority granls
12,76g
12.769
EXPENDITURE
Acti￿1￿68
undertak6n
Supp(*t
Costs
Total
2025
Total
2024
Expendituré on charitatsle a¢tlvltles restrlcted
ImproverneDt of r8cre8tion and le1￿lJr￿ facilities
Repairs and renow8ls
EKp8nditure on charltab18 aGtlvltl8s - unrpstricted
R8t8S
Water rale5
Improvement of recreation and18isure facilities
Repairs 3nd rgn8w31s
Grounds tnalnl8nance
Heat and Iwhl
Leasing ¢harges
Cl88r¥ing
Donalions
Irrecoverable VAT
&Jpport C081s- note 6
2,562
2,562
3,809
6,037
2,664
46.422
471
2,246
6,037
2,664
46.422
471
2,246
2,933
43,243
471
3.620
2,121
2,121
36,141
3,256
49.616
36,141
62,523
36,141
98,664
112,617
other Expendlture
Leg81, prof8S8ional 2nd licences
Audil and accounlan¢y
Heallh safely
Support costs- note 8
1,470
2,799
1,470
2,799
1,947
2.101
rf50
17,181
17,008
17,008
4.269
17,008
21,277
21,379
Page 7

THE VICTORIA FIELD CHARITY CIO
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
ALLOCATION OF SUPPORT COSTS BY ACTIVITY
Provlslon
Apportlonmenl of18isure
method
f8cilllles
Total
2025
Total
2024
Gav£manc&
Salgrles
PenS￿n contributions
Insurance
Telephone
Postage, sl81ionery and ¢ompEJter consumablfjs
Advertising
Bank charges
Sundry expenses
Depreciation of fixtures and equipment
Headcount
Headcounl
Aclual
Us8ge
Usage
Actual
Usag&
Ugage
Usa96
26,983
15.600
42,583
54,832
387
8.909
972
1.043
68
168
7,662
486
691
112
11
15
181
7,662
972
1.383
112
45
30
362
692
34
15
181
418
36,141
17,008
53,149
66.797
STAFF COSTS
2025
2024
Gross wages and satarles
Pension contributions
42,212
54.832
387
42,312
55,219
Average number ofemployees
The trust8ès received no remuneration in their c8paeAty as IrLtsle8s the perio(l.
TANG18LE FIXED ASSETS
Freehold Fixtures &
praperty equipment
Total
COST
At l April 2024
Addiliuns
Disposals
475.000
1,421
476,421
At 31 March 2025
475,000
1,421
476.421
DEPRECIATION
At 1 April 2024
Charge lor th2 perlod
Eliminated on disposals
19331
13621
19331
13621
At 31 March 2025
11.295) {1.2951
NET BOOK VALUE
At 31 March 2025
475,(K)O
126
475.126
At 31 March 2024
475,000
488
475,488
Page 8

THE VICTORIA FIELD CHARITY CIO
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
DEBTORS
2025
2024
Trade debtors
Amounts due from Victoria Field Social Club
Other debtors
4,433
18,085
2,316
18,085
22,518
20,401
10 CREDITORS - amounts falling due within one year
2025
2024
Bank loan
Trade creditors
Other creditors
1,631
723
11,893
2,269
21,403
23,672
14,247
CREDITORS - amounts falling due after more than one year
Bank loan
3,498 1
11 MOVEMENTS IN FUNDS
Unrestricted Restricted
Funds
Funds
Total
Funds
At 1 April 2024
Net movement in funds in period
495,962
5,749
495,962
5,749
Balance at 31 March 2025
501,711
501,711
Page g