**Company registration number 09349773 (England and Wales) Charity registration number 1199417 (England and Wales)**
# **THE OLD SPOTTED DOG GROUND TRUST LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025**
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|A Mayor||
|---|---|---|
||K Stien|(Resigned 1 October 2025)|
||I Foster||
||J Cassidy||
||J Kuosa||
||K Blowe||
||C McDonald|(Appointed 8 August 2025)|
||T D Marsland|(Appointed 19 June 2025, Resigned 18 October 2025)|
||M F Soames||
||S Johal||
||S Ord||
|Charity number|1199417||
|Company|09349773||
|number|||
|Registered office|The Old Spotted Dog Ground||
||Rear Of 212 Upton Lane||
||Forest Gate||
||London||
||E7 9NP||
|Independent|BK Plus Audit Limited||
|examiner|||
||Oakingham House||
||Frederick Place||
||High Wycombe||
||Buckinghamshire||
||HP11 1JU||
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Statement of cash flows|6|
|Notes to the financial statements|7 - 14|
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
The trustees present their annual report and financial statements for the year ended 30 June 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006 and "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 (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
The charity’s objects are to provide sports facilities for recreation and leisure to the inhabitants of London Borough of Newham and its surrounding areas. We currently spend our money to improve and maintain the Old Spotted Dog Ground, its clubhouse and warehouse in order meet this objective.
## **Achievements and performance**
The Trust is run by a Board of Trustees. The day to day work of the charity is devolved to Grounds, Clubhouse and Bar Committees, which are made up of Trustees and volunteers, although the Board retains overall and final decision-making powers. The charity has policies covering conflict of interest, equal opportunities, safeguarding and directors’ code of conduct. We also have a memorandum of understanding with Clapton Community Football Club, the owner of these properties, that sets out the different areas of responsibilities, the obligations the Trust has to the Club and both organisations’ wider duty to provide benefits to the local community in Newham.
During 2024-25, we have worked hard to consolidate the most important asset for a football venue: our pitch. In December 2023, our Grounds Committee was recognised for their efforts when they won the Grounds Management Association Award for best volunteer grounds team at an awards dinner at Headingley Stadium in Leeds. Over the course of the last year, they have ensured that there was no cancellation of any Clapton Community FC men’s or women’s first team matches for the entire season.
## **Financial review**
Over the course of the year, we have also focused on the development of our primary source of reliable income, our licensed bar. In September 2023, we launched our own beer, Old Scaffold Daze, in collaboration with a local Forest Gate brewery, the Pretty Decent Beer Company. The bar is currently operated by paid casual staff but as demand for opening increases, the Trust is exploring the prospect of recruiting and employing our first member of staff, a Bar Manager, in the coming financial year.
As well as providing facilities for Clapton Community FC’s first teams and weekly Youth Training sessions, the Trust has also made the clubhouse available for local community groups, meetings, film screenings, bands and children’s parties.
As the financial year ended, works by the London Borough of Newham were about to begin to transform the alley behind the ground between Disraeli Road and Upton Lane (which is part of the freehold) into a shared cycle path. This project has been under negotiation for some time and we are delighted that it is now almost underway. The bar is currently operated by paid casual staff, but with demand for opening for events increasing, the Trust recruited Nicholas Goulding as Bar Manager, who started on 1 July 2025.
## _Reserves policy_
It is the policy of the charitable company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charitable company’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **Structure, governance and management**
The Trust is run by a Board of Trustees. The day to day work of the charity is devolved to Grounds, Clubhouse and Bar Committees, which are made up on Trustees and volunteers, although the Board retains overall and final decision-making powers. The charity has carried over existing policies covering conflict of interest, equal opportunities, safeguarding and directors’ code of conduct from its previous governance structure.
- 1 -
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
A Mayor K Stien (Resigned 1 October 2025) I Foster J Cassidy J Kuosa K Blowe C McDonald (Appointed 8 August 2025) T D Marlsand (Appointed 19 June 2025, Resigned 18 October 2025) M F Soames S Johal S Ord
The Trustees Report was approved by the Board of Trustees.
.............................. K Blowe **Trustee** Date: .............................................25 February 2026
- 2 -
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE OLD SPOTTED DOG GROUND TRUST LIMITED**
I report to the trustees on my examination of the financial statements of The Old Spotted Dog Ground Trust Limited (the charitable company) for the year ended 30 June 2025.
## **Responsibilities and basis of report**
As the trustees of the charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charitable company's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charitable company as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning 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 financial statements to be reached.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company's Trustees as a body, for my work or for this report.
## **David Hynes BK Plus Audit Limited**
Oakingham House Frederick Place High Wycombe Buckinghamshire HP11 1JU
Dated: .........................25/02/2026
- 3 -
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 30 JUNE 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income and endowments from:**
Voluntary Income
**3**
1,269
49,858
Charitable activities
**4**
125,360
-
Other income
**5**
-
-
**Total income**
126,629
49,858
**Expenditure on:**
Raising funds
**6**
50,202
-
Charitable activities
**7**
72,470
-
Total expenditure
122,672
-
**Net income**
3,957
49,858
Transfers between funds
**16**
49,858
(49,858)
**Net movement in funds**
**8**
53,815
-
**Reconciliation of funds:**
Fund balances as at 1 July 2024
39,002
-
**Fund balances at 30 June 2025**
92,817
-|**Total**
**2025**
**£**
51,127
125,360
-
176,487
50,202
72,470
122,672
53,815
-
53,815
39,002
92,817|**Total**
**2024**
**£**
48,417
117,999
63,240
229,656
47,747
113,032
160,779
68,877
-
68,877
(29,875)
39,002|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 4 -
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **BALANCE SHEET**
## _**AS AT 30 JUNE 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charitable company**
Unrestricted funds
**15**|**2025**
**£**
1,739
12,356
14,095
(5,467)|**£**
84,189
8,628
92,817
92,817
92,817|**2024**
**£**
378
32,939
33,317
(3,567)|**£**
9,252
29,750|
|---|---|---|---|---|
|||||39,002|
|||||39,002|
|||||39,002|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025, although an independent examination has been carried out under section 145 of the Charities Act 2011.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
25 February 2026
The financial statements were approved by the trustees on .........................
.............................. K Blowe **Trustee**
Company registration number 09349773 (England and Wales)
- 5 -
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 30 JUNE 2025**_
|**2025**
**Notes**
**£**
**£**
**Cash flows from operating activities**
Cash generated from operations
**19**
62,233
**Investing activities**
Purchase of tangible fixed assets
(82,816)
**Net cash used in investing activities**
(82,816)
**Net cash used in financing activities**
-
**Net (decrease)/increase in cash and cash**
**equivalents**
(20,583)
Cash and cash equivalents at beginning of year
32,939
**Cash and cash equivalents at end of year**
12,356|**2024**
**£**
(9,319)|**£**
30,605
(9,319)
-
21,286
11,653
32,939|
|---|---|---|
- 6 -
**THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **1 Accounting policies**
## **Charity information**
The Old Spotted Dog Ground Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Old Spotted Dog Ground, Rear Of 212 Upton Lane, Forest Gate, London, E7 9NP.
## **1.1 Basis of preparation**
The accounts have been prepared in accordance with the charitable company's Articles of Association, the Charities Act 2011 and “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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charitable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
## **1.4 Income**
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Rental income is in relation to a phone mast, where substantially all of the benefits and risks of ownership remain with the charitable company.
Revenue from the sale of goods - primarily bar sales - is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, which is usually at the point of sale.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
- 7 -
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 25% on a straight line basis Fixtures and fittings 25% on a straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 8 -
**THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **Fund Accounting**
General funds are funds that are available for use at the discretion of the Board in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the charity and which have not been designated for other purposes. The costs of raising and administering such funds are charged against the specific fund. The aim of each restricted fund is set out in the notes to the financial statements.
- 9 -
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **3 Income from voluntary sources**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and gifts
1,269
-
Grant income
-
49,858
1,269
49,858|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
1,269
4,236
-
49,858
-
44,181
51,127
4,236
44,181|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
1,269
4,236
-
49,858
-
44,181
51,127
4,236
44,181|
|---|---|---|
|||44,181|
## **4 Income from charitable activities**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Sale of goods|114,750|108,072|
||Other income|2,586|135|
||Charitable rental income|8,024|9,792|
|||125,360|117,999|
|**5**|**Other income**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Balance with parent company written - off|-|63,240|
## **6 Expenditure on raising funds**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Commercial operation costs|50,202|47,747|
- 10 -
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **7 Expenditure on charitable activities**
|**Direct costs**
Staff costs
Depreciation and impairment
Training costs
Rates
Cleaning
Property repairs and maintenance
Accountancy
Bank Charges
Telecommunications
Sundry expenses
**Analysis by fund**
Unrestricted funds
**8**
**Net movement in funds**
The net movement in funds is stated after charging:
Depreciation of owned tangible fixed assets|**2025**
**£**
20,969
7,879
179
3,845
871
21,461
2,501
191
186
14,388
72,470
72,470
**2025**
**£**
7,879|**2024**
**£**
15,080
5,262
202
2,400
4,888
67,119
1,738
108
38
16,197|
|---|---|---|
|||113,032|
|||113,032|
|||**2024**
**£**
5,262|
## **9 Trustees**
During the year, no trustees received any remuneration or other benefits (2024: £Nil).
During the year ended 30 June 2025, expenses of £5,754 were paid to 7 Trustees, in respect of consumables bought on behalf of, and reimbursed by, the charity (2024: £1,272 paid to 4 Trustees). At the year end, £Nil remained outstanding (2024: £53).
## **10 Employees**
The charitable company had one employee (2024: one) in the year.
|**Employment costs**
Wages and salaries
Social security costs|**2025**
**£**
20,648
321
20,969|**2024**
**£**
14,947
133|
|---|---|---|
|||15,080|
- 11 -
**THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **12 Tangible fixed assets**
|**Plant and**
**equipment**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 01 July 2024
16,799
1,478
Additions
-
82,816
At 30 June 2025
16,799
84,294
**Depreciation and impairment**
At 01 July 2024
7,926
1,099
Depreciation charged in the year
3,057
4,822
At 30 June 2025
10,983
5,921
**Carrying amount**
At 30 June 2025
5,816
78,373
At 30 June 2024
8,873
379
**13**
**Debtors**
**2025**
**Amounts falling due within one year:**
**£**
Trade debtors
1
Other debtors
1,738
1,739|**Total**
**£**
18,277
82,816|
|---|---|
||101,093|
||9,025
7,879|
||16,904|
||84,189|
||9,252|
||**2024**
**£**
-
378|
||378|
**14 Creditors: amounts falling due within one year**
|Other taxation and social security
Trade creditors
Other creditors
Accruals|**2025**
**£**
1,702
1,460
785
1,520
5,467|**2024**
**£**
174
1,106
1,037
1,250|
|---|---|---|
|||3,567|
- 12 -
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **15 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.
|**At 1 July 2024**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
General funds
39,002
126,629
(122,672)
49,858
**Previous year:**
**Transfer in on**
**conversion to**
**charitable**
**company**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
General funds
(15,262)
57,894
(116,688)
44,181|**30 June**
**2025**
**£**
92,817
**30 June**
**2024**
**£**
(29,875)|
|---|---|
## **16 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|**At 1 July 2024**
**Incoming**
**resources**
**Transfers**
**At**
**£**
**£**
**£**
Capital fund
-
49,858
(49,858)
**Previous year:**
**At 1 July 2023**
**Incoming**
**resources**
**Transfers**
**At**
**£**
**£**
**£**
-
44,181
(44,181)|**30 June**
**2025**
**£**
-
**30 June**
**2024**
**£**
-|
|---|---|
The capital fund represents funds received for the purpose of capital expenditure.
During the year a transfer between funds was made of £49,858 (2024: £Nil), representing the value of fixed assets purchased with restricted funding, now used for general (unrestricted) purposes.
## **17 Related party transactions**
There were no disclosable related party transactions during the year.
- 13 -
## **THE OLD SPOTTED DOG GROUND TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_
## **18 Net liabilities transferred on conversion to charitable company**
In the prior year, the net liabilities from The Old Spotted Dog Ground Trust Limited were transferred to this, charitable company. The net liabilities transferred can be summarised as follows:
Tangible fixed assets - £8,381 Bank - £64,208 Creditors - £(87,851)
## **Net Liabilities - £(15,262)**
|**19**
**Cash generated from operations**
Surplus for the year
Adjustments for:
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Cash generated from operations**|**2025**
**2024**
**£**
**£**
53,815
68,877
7,879
5,262
(1,361)
17,444
1,900
(60,978)
62,233
30,605|
|---|---|
- 14 -