In the presentation at the Annual general Meeting, the Chair explained to those present that the Charitable Incorporated Organisation (CIO) was set up on 25[th] July 2022 and it had taken a considerable length of time to go through the legal process of transferring the assets from the unincorporated association, Groombridge Sports Ground Association, to the CIO. This was finalised at the end of August 2023 with the assistance of lawyers, Thomson Snell & Passmore (TS&P) and involved transferring land held by trustees of GSGA, an unincorporated organisation to Groombridge Sports Ground (GSG) a CIO. A new bank account was set up for GSG in September 2023 and all the assets and liabilities were transferred from GSGA to GSG. There were no gains or losses for GSGA and the transfer was made in accordance with the dissolution clause of GSGA. On the financial side the final accounts of (GSGA-the unincorporated association) were completed for a 21 month period ending 30 September 2023. Groombridge Sports Ground (GSG) CIO has been operational since 1 October 2023 and the first committee meeting for it was held on 30 October 2023. The first accounting period for the CIO will cover the period from 25/07/2022 to 30/11/23 but the CIO was operational only from 01/10/2023 to 30/11/2023 GROOM8RIDGE SPORTS GROUND CIO INCOME AND EXPENDITURE ACCOUNT 2 MONTHS ENDED 30 NOVEMBER 2023 30.11.23 INCOME Membership, lease tand fees Grants Donakn'on from WPC for grass mowing Other Income 416 16 159 280 851 EXPENDITURE Grass Mowing Water Rates and Electricrty Depreciation 159 113 616 SURPLUSI(DEFICln FOR THE YEAR BALANCE SHEET 37 30.11.23 Fixed Assets Bank Balances Designated Cash reserve for pavilion maintenance 69,262 12,379 14,750 .391 Current Assets and Llablllties Debtors Less: Creditors and re￿Ipts in advan Net (849) (849) Net Assets 95.542 Unfeslncted Funds transferred from Groombridge Sports Ground Association on 1.10 2023 Deficit in the Mo months to 30.11.2023 Balance Of which: Unrestricted ReseNes Designated ReseNes 95,579 (37) 95,542 80,792 14,750 Independent Examlnathin of the A(tounts I report to the Irustees on my examination of the ac(x)unts of the above charity 1.the Trust'l for the 2 months ended 30.11.23. As the charitvs truslees. you are reswn5ible for the preparation of the accounts in acc(Kd3nce with the Charities Act 20111'the Art'}. I report in ￿SpeCt tsf my exambnation of the Trust's accounts carried out under sectbon 145 of the Act and in carrwng out my examination I have followed all the applicable directions given by the Comrnission under se¢tfion 145151 Ibl of the Act. Inde ndent examinerf ststement.. I have completed my examin*ion. I confirm that no material matters have come to my attention in o)nnection with the examination which glves me cause to believe that in, any material respect lil accounting records were not kept in accordance wtth section 130 of the Aci or lill the accounts do not accord with the ac£ounting record5. 1 have no cOn￿rn$ and have come across no other matters in connection with the exarnin3tion to which *tention should be drawn Trn this report in orderio enable a woper understsndin8 of the a￿o￿llts to be reached. signed date 65w lo)L* Notes a} Openlry batsKe she The opening balance sheet of Groornlxidge Sm Ground- IGSG and charftable incorporated company) coryrises the assets and liabilities of Groombridge Swrts Ground A550ciation IGSGAI. GSGA, now dormènt. is an unirKorporated organisation which occupied the Tanyard as well as the pavilion, shed and car park. GSGA provided srArts facilities for use local residen 21 Accountlns Policles GSG has prepared the accounts to 30th November 2023 using the accrual method of accountlng.