REGISTERED CHARITY NUMBER: 1191913 REPORT OF THE TRUSTEES AND UNAUDThED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR GEOFF WICKENS EGERTON SPORTS TRUST Gibbons Mannington & Phipps LLP Chartered Accountants 82 High Street Tenterden Kent TN30 6JG
GEOFF WICKENS EGERTON SPORTS TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examiner's Report statement of Financial Activities statement of Financial Position Note5 to the Financial Statements 6 to 11 Detailed Statement of Financial Activities 12
GEOFF WICKENS EGERTON SPORTS TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective I January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The objects of the trust a the promotion of amateur sport and the promotion of community participation in healthy recreation in and around Egerton, Kent in particular but not exclusively by the provision, maintenance and improvement of facilities for amateur sport and healthy recreation. Publlc beneflt The trustees have complied with their duty in the Charities Att to have due regard to guidelines issued by the Charity Commission on public benefit. Grantmaking The charity will agree to making a grant to local Drganisations whose aims also meet its objectives. ACHIEVEMENTS AND PERFORMANCE Charitable activities The charity was established to give effect to the provisions contained within the will of the late Geoffrey Charles Wickens dated 16 October 1996, who passed away on 15 March 2018. It was decided that the funds be invested for capitsl appreciation with an investment management company, see further details in the financial review below. Our pme oblectlve Is to pmvlde fundlng to other charltles or non-proflt maklng organlsatlons wlth donations or grants for the promotion of amateur sport in the Egerton area. The trustees are pleased to have been able to SLJPPOrt other local charities and not for profit organisations during the year by making grants totalling £12,666 to three organisations. Investment performance Investment performance has been achieved against the objectives set for this period. Details of return on investments can be found in the Statement of Financial Activities. FINANCIAL REVIEW Investment policy and objectives The board's policy is to invest in the investment portfolio to provide the resources necessary for the charity to meet its objectives. The Board has $01Ve to retain Messrs Rathbones to advise and handle its investment funds. Reserves poll¢y The charity has unrestricted general reserves of £1,055,910 at the balance sheet date. As detailed above It Is the charity's strategy to build reserves (in cash and readlly realisable investments) to support the community with providing donations. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, the will of Geoff Wickens, proved on 15 March 2018. This was amended by a change in deed dated 18 December 2019. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1191913 Page I
GEOFF WICKENS EGERTON SPORTS TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Principal address Parrsmere Chapel Lane Egerton Ashford Kent TN27 9BX Trustees J A Hopkins M G Gould J A Hopkins N P Gould Independent Examiner David Ashby FCCA ACA Gibbons Mannington & Phipps LLP Chartered Accountants 82 High Street Tenterden Kent TN30 6JG Approved by order of the board of trustees on 26 January 2026 and signed on its behalf by.. J A Hopkins - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRuEE5 OF GEOFF WICKENS EGERTON SPORTS TRUST Independent examiner's report to the trustees of Geoff Wickens Egerton Sports Trust I report to the charity trustees on my examination of the accounts of Geoff Wickens Egerton Sports Trust (the Trust) for the year ended 31 March 2025. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carying out my examination I have followed all applicable Direction5 given by the Charity Commission under Section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respett: accounting records were not kept in respett of the Trust as required by Sertion 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Ashby FCCA ACA Gibbons Mannington & Phipps LLP Chartered Accountants 82 High Street Tenterden Kent TN30 6JG 26 January 2026 Page 3
GEOFF WICKENS EGERTON SPORTS TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Unrestricted fund 2024 Total fvnds Notes INCOME AND ENDOWMENTS FROM Investment income 28,247 26,369 EXPENDITURE ON Raising funds 10,183 9,655 Charltable actlvltles Grants 12,666 1,895 Other 1,740 1,620 Total 24,589 13,170 Net gains/{losses} on investments {83,335) 54,080 NET INCOME/(EXPENDITURE) {79,677) 67,279 RECONCILIATION OF FUNDS Total funds brought forward 1,135,587 1,068,308 TOTAL FUNDS CARRIED FORWARD 1,055,910 1,135,587 The notes form part of these financial statements Page 4
GEOFF WICKENS EGERTON SPORTS TRUST STATEMENT OF FINANCIAL POSITION 31 MARCH 2025 2025 Unrestricted fund 2024 Total fvnds Notes FIXED ASSETS Investments 961,490 1,060,230 CURRENT ASSETS Debtors Cash at bank io 534 76,383 96,221 96,221 76,917 CREDITORS Amounts falling due within one year li {1,801) (1,560) NET CURRENT ASSETS 94,420 75,357 TOTAL ASSETS LESS CURRENT LIABILITIES 1,055,910 1,135,587 NET ASSETS 1,055,910 1,135,587 FUNDS Unrestricted funds 12 1,055,910 1,135,587 TOTAL FUNDS 1,055,910 1,135,587 The financial statements were approved by the Board of Trustees and aLJthorised for issue on 26 January 2026 and were signed on its behalf by.. J A Hopkins - Trustee The notes form part of these financial ststements Page 5
GEOFF WICKENS EGERTON SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFFiS 1021 (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charitie5 Act 2011. The financial ststements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modiffied by the revaluation of certain assets. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the ftjnds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or construrtive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Taxatlon The charity Is exempt from tax on its charitable actlvities. Fund accounting Unrestricted funds can be Ljsed in accordance with the charitable objectives at the discretion of the trustees. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Artivities on a straight line basis over the period of the lease. Investments Listed investments are included at market value at the year end. Gains and losses on disposal of investments are charged or credited to the Statement of Financial Activities. Debtors Trade and other debtors are cOgnised at the settlement amount due after any trade discount offered. Creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. Page 6 continued...
GEOFF WICKENS EGERTON SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME 2025 2024 Income from investments Deposit account interest 26,098 2,149 24,953 1,416 28,247 26,369 RAISING FUNDS Investment management costs 2025 2024 Portfolio management 10,183 9,655 CHARITABLE AcfiviTIES COSTS Grant funding of activities (see note si Grants 12,666 GRANTS PAYABLE 2025 2024 Grants 12,666 1,895 The total grants paid to institutions during the year was as follows.. 2025 2024 Egerton Cricket Club Egerton Parish Council Egerton Playing Fields Committee Egerton Running and Cycling Club 2,072 1,430 9,164 250 1,000 645 12,666 1,895 Page 7 continued...
GEOFF WICKENS EGERTON SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS Governance costs Finance Totals Other resources expended 60 1,680 1,740 Support costs, included in the above, are as follows.. Flnance 2025 other resources expended 2024 Totsl artivities Bank charges 60 60 Governance costs 2025 Other resources expended 2024 Total activities Independent examination fees Accountancy fees 975 705 950 610 1,680 1,560 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees. expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fund INCOME AND ENDOWMENTS FROM Investment income 26,369 EXPENDITURE ON Raising funds 9,655 Charitable activities Grants 1,895 Other 1,620 Total 13,170 Net gains on investments 54,080 Page 8 continued...
GEOFF WICKENS EGERTON SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfIviTIES - continued Unrestricte fund NET INCOME 67,279 RECONCILIATION OF FUNDS Totsl funds brought fonvard 1,068,308 TOTAL FUNDS CARRIED FORWARD 1,135,587 FIXED ASSET INVEsfMENTS Listed investment MARKET VALUE At l April 2024 Additions Disposals Revaluations 1,060,230 222,775 (239,800) (81,715) At 31 March 2025 961,490 BOOK VALUE At 31 March 2025 961,490 At 31 March 2024 1,060,230 Investment assets are represented by: 2025 2024 UK investments Overseas investments 657,145 304,345 586,144 474,086 961,490 1,060,230 2025 2024 Historical cost of investments 1,038,908 1,055,933 Page 9 continued...
GEOFF WICKENS EGERTON SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 10. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Trade debtors 534 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 other tditOrS 1,801 1,560 12. MOVEMENT IN FUNDS Net movement in fLJnds At 3113125 At 114124 Unrestrirted funds General fund 1,135,587 (79,677) 1,055,910 TOTAL FUNDS 1,135,587 (79,677) 1,055,910 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General ftjnd 28,247 (24,589) (83,335) (79,677) TOTAL FUNDS 28,247 (24,589) (83,335) (79,677) Comparatives for movement in funds Net movement in funds At 31/3124 At 1/4123 Unrestricted funds General fund 1,068,308 67,279 1,135,587 TOTAL FUNDS 1,068,308 67,279 1,135,587 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 26,369 {13,170) 54,080 67,279 TOTAL FUNDS 26,369 113,170) 54,080 67,279 Page 10 continued...
GEOFF WICKENS EGERTON SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 13. RELATED PARTY DISCLOSURES The trustee J A Hopkins, is President of Egerton Cricket Club and Parish Councillor for Egerton. In the period, the charity has made the following clonations-: Egerton Cricket Club - £2,072 Egerton Parish Council £1,430 Page 11
GEOFF WICKENS EGERTON SPORTS TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Investment income Income from investments Deposit account interest 26,098 2,149 24,953 1,416 28,247 26,369 Total Incomlng resources 28,247 26,369 EXPENDITURE Investment management costs Portfolio management 10,183 9,655 Charitable activities Grants to institutions 12,666 1,895 Support costs Finance Bank charges 60 60 Governance costs Independent examination fees Accountancy fees 975 705 950 610 1,680 1,560 Total resources expended 24,589 13,170 Net income before gains and losses 3.658 13,199 Realised recognised gains and losses Realised gains/llosses) on fixed asset investments (1,620) (21,784) Net income/(expenditure) 2,038 (8,585) This page does not form part of the statutory financial statements Page 12