Company registration number. CE029842
Charity rogistrat￿n number 1199818
Cloakham Lawn Sports Centre
IA wmpany limited by guarantee)
Annual Report and Financial Ststemenls
forthe Year Ended 30 September 2024
WESTCOTTS
APTERED ACCOVNTANT
• BUSINÈSS ADVISERS

Cloakham Lawn Sports Centre
Contents
Reference and Administrative Oetai18
Tru8ts95' Repryt
2to4
Independent Examinerfs Report
Statement of Financ￿1 Activities
BaLgnce Sheet
7t08
es to the Financi41 Statements
9t019

Cloakham Lawn Sports Centre
Reference and Admlnistrative Details
Trustees
Mr S J Flint, Chair of the board of Truslges
Mr D R Thompson
Mrs A L Burn
Mrs E M Jarvi8
Mr P C Bewss
Mr S Ellk8
MrA Haryis
MrA G Entlcott
Charity Reglstration Numbor
1199818
Registsred Office
Cloakham Lawn Sports Centrg
Chard Road
Axminster
Devon
EX13 5HW
Indopondent Exarnlnor
Westcotts {SWI LLP
Timberly
South Street
Axminster
Devon
EX13 SAD
Page 1

Cloakham Lawn Sports Centre
Trustses. Report
Objectives and activities
Obieets andaims
The Charity is operated for the benefit of Ihe inhobitanls of Axminster, Devon, to advance education.
and lo provide facilities in the interest of social welfare for recreation and other leisure4ime
occupation. The actNilie5 include outdoor bowls, crickel and football.
To further or benefit the residents of Axminsler and the surrounding areas, without distinction of sex.
sexual orientation. race or of political, religious or othei opinions by associating together the said
residents and the hJcal aulhorilies, voluntary and other organisalions in a eomm(M effort to advance
education and lo provide facilities in the interest of social wetfare for [￿reatIOn and leisure time
occupation w((h the objectTve of improving the conditions of lrfe for the residents.
Public benefft
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act
2011 to have due regard to the public benefrt guidance published by the Charity Commission for
England and Vvales.
Fin•n¢ial review
During the year the charrty received unrestricted income of £59,963. Expenditure for the year totslled
£44.024. of which £39,153 was unrestricted and £4,871 was reStr￿ed. As at 30 September 2024 the
charrty had ￿SerVeS of £840,069 {of which £789,498 was unrestricted and £50,571 was restricted}.
Policy on rosgrve$
It is the charity ambrtion to hold reserves that allow the Sports Centre to Cover unforeseen
maintenance ￿$1$ that arise from lime lo lime. However, due to the nature of the tharilable activities
and other sources of income, reserves fluctuates, and it is not always possible lo maintain them at the
level preferred. Due lo the nature of the charitls activit￿s. much of the charitable expenditure, with
the exception of propety overheads. is proportionate to the charitable ineome re￿ived. Budgets and
forecast ale prepared and monitored against actual perfomian¢e. the reserves policies of the Trust
are reviewed regularfy by the Iruslees.
Golng concern
The trustees consider the Charty to be able to meet ils debts as they fall due in the next 12 months.
Iherefore consider the going concem basis of accounting appropriate. In addition, the Iruslees believe
the charity to be able to meet any obligations it has in respect of using restrictive fund held for specific
projects as th8 fall due in the future.
The board of trustees examines the major risks faced by Cloakham Lawn Sports Centre and monf(ors
and controls these risks. Risks faced and considered include.. Operational risks including heahh 8nd
safety consider8tions and rewew of good management practice,. Financial risks including budget
monitoring, computerised accountancy and cash-flow control., External risks such as prornolion of the
image of the charity and links with the local eommunty, competition from other local sports cenlres
and public halls- Compliance with law and regulations such as IKensing. employment matters and
fund-raising.
Page 2

Cloakham Lawn Sports Centre
Trustees, Report
The trustees are responsible for keeping proper accounting records that can disclose with reasonable
accuraw at any time the financial position of the charitable company and enable them to ensure that
the financial stslements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable $t¢ps for the
prevention and detection of fraud and other irregularities.
The trustees are ￿sponsible for the maintenance and integrity of the corporate and financial
information includèd on the eharit8ble comp8nls website. Legislation governing the preparation and
dissemination of financial statements may drffer from legisLqtion in olherjurisdictions.
Small compani•$ provision statsm8nt
This report has boen prepared in accordance vthh the small companies regime under the Companies
Act 2006.
The annual report was approved by the trustees of the Charrty on
behalf by..
and signed on its
Mr S J Flint
Chair of the board of Trustees
Pagg 4

Cloakham Lawn Sports Centre
statement of Financial Activitles for the Year Ended 30 September 2024
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unr8Stricted
fvnds
Restrlcted
funds
Total
2024
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activit￿5
other income
48.713
39,353
11.280
1,723
48,007
11.951
48.007
11,951
Totsl income
59,963
59,963
101,069
Expenditure on..
Charrtable 8cts'vits'es
139,1531
14,871}
144,0241
159.903)
Total expendf(ure
139,153
14,8711
144,0241
59,903)
Net incomellexpenditurel
Net movement in fvnds
20,810
4,871
15,939
41,166
20,810
14,871)
15,939
41,166
Reconciliatlon of funds
Total fund5 brought foNard
Total fvnds carried foward 16
768,688
55.442
824,130
782,965
789,498
50,571
840,C69
824,131
All of the eharty's actNf(ies derive from eonlinuing operations during the year.
The notes on pages 9 to 19 fomi an integral part of these financial statements.
Page 6

Cloakham Lawn Sports Centre
(Registration number.. CE029842)
Balanc• Sheet as at 30 September 2024
2024
2023
Note
Fixed assets
Tangible assets
Current assets
Debtors
Cash al bank and in hand
11
905,542
911,601
12
13
2.067
34.786
971
24.964
36.853
25,935
Credltors: Amounts falling due within one year
Not current assets
14
16,702)
13,214
30,151
12,721
Total a$sots less current liabilrties
935,693
924.322
Creditors: Amounts falling due after more than one year 15
Net assets
195,6241
840,069
1100,191)
824,131
Funds of the charlty:
Restricted incomo funds
Reslricled funds
16
50,571
55,443
Unre$trlcted incorng funds
Unrestricted funds
789,498
768,688
Total fund5
16
840,069
824,131
For the financial year ending 30 Sgptemb&r 2024 the charity was entitled to exemption from audit
under section 477 of the Companies Act 2006 relating to small companles.
Directors. responsibilrties..
The members have not required the charity to obtain an audit of its accounts for the year in
question in accordance wtth section 476,. and
The directors acknowledge their responsibilities for complw.ng wi(h the requirements of the Act with
resped to accounting records and the preparation of a¢counts.
These financial statements have been prepa￿d in accordance with the special provisions relating to
ompanies subject to the small comp8nEs regime wrthin Part 15 of the Companies Act 2006.
The notes on pages 9 10 19 fomi an integral part of these financial slatemenls.
Page 7

Cloakham Lawn Sports Centr•
(Registration number: CE029842)
Balance Sheet as at 30 Septernber 2024
The financial ststements on pages 6 to 19 weffj approved by the trustees, and aulhori8ed for bsue on
-.l.. .&.. .z.Sand Signed on their behaff by.
Mr S J Flint
Trustee
The notss on pages 9 to 19 fO￿n an integral part of these financlal statements.
Pagfj 8

Cloakham Lawn Sports Centre
Notes to the Financial Statements for the Year Ended 30 September 2024
1 Charity status
The charity is limtted by guarantee, incorporated in , and consequently does nol have share capital.
Each of the trustees is liable to contribute an amount not exeeeding £Nil towards the assets of the
ch8ri1y in the event of liqu#Jation.
The address of ils registered office is-.
Cloakham Lawn Sports Centre
Chard Road
Axminsler
Devon
EX13 5HW
2 Accounting policies
Summary of slgnrficant a¢¢ountlng pollcle8 •nd k•y aGcountlng e8tlmates
The principal accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all the years presented, unless otherwise
stated.
ststement of compliance
The financial ststemenls hav8 been prepared in accordance with Accounting and Reporting by
Charf(ies' Statement of Recommended Practice (applicable lo charrties preparing their account5 in
8¢cordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
10211 (issued in October 20191- (Charities SORP IFRS 10211. the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland (FRS 102} and the Companies Act 2006.
Basls of preparatlon
Cloakham Lawn Sports Centre meets the definition of a public benefft entity under FRS 102. Assets
and liabilities are in(tially recognised at histor￿al cost or transaction valug unless othetwise slated in
the relevant accounting policy notes.
Goin9 concern
The trustees eonsider that there are no material uncertainties about the charrty's abilty lo eontinue as
a going concern nor 8ny significant areas of uncertainty that affect the carrying value of assets held by
the charity.
Exemption from preparing a cash flow statement
Tre charty opted to earty adopt Bulletin 1 published on 2 February 2016 and have therefore not
included a cash flow statement in these financial statements.
Page 9

Cloakham Lawn Sports Centre
Notes to the Financial Statements for the Year Ended 30 September 2024
Key sourcas of estlmatlon uncerLiinty
The preparation of the financial slalements requires management to make judgements, estimations
and assumptions that affeet the amounts reported. These estimates and judgements are continual
reviewed and are based on experience and other factors, including expectations of future events that
are believed to be reasonable under the circumstances.
Income and endowments
All income is reeognised once the charity has entitlement to the income, it is probable that the income
will be receive(J and the amount of the income receivabk can be measured reliably.
Donations andlegacles
Donations are recognised when the charity has been notrfied in writing of both the amount and
settlement date. In the event that a donation is subject lo cond((ions that require a level of
performance by the charity before the charity is entitled lo the funds, the income is deferred and not
recognised until ef(her those wndilions are fully met, or the fulfilment of those conditions is wholly
thin the control of the charity and r( is probable that these conditions will be fulfilled in the reporting
peri¢xl.
Grants rnceivable
Grants are recognised when the ch8rity h8s an entitlement to the funds and any condrtions linked to
the grants have been mel. Where performance conditions are attached to the granl and are yet to be
met, the income is recognised as a liabilty and included on the balance sheet as deferred In￿Me to
be released.
expendlturg
All expenditure is recognised On￿ there is a legal or constTUCttve obligation to that expenditure. r( is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicablo expenditure heading that aggregate similar costs lo that category. Where costs cannot
be directly allributed to particular headings thèy have been allocated on a basis consistent with th&
use of resources, with central staff costs allocated on the basis of time spenl, and depreciation
charges allocated on the Fortron of the asset's use. Other support costs are allocaled based on the
spread of staff costs.
ChatrTtable activltles
Charitable expenditure comprises those costs incurred by the chanty in the delivery of rt5 actmlies
and seNices for ils beneficiaries. It includes both Costs that can be allocated directly to s(tch activities
8nd those eosts of an indirg¢t nature necessary to support them.
Support costs
Support costs include ￿ntral functions and have been allocated to activty cosl categories on a basis
consistent with the use of resources, for example. allocating PTopety costs by floor areas, or per
capita. staff costs by th8 time spent and other costs by their usage.
Pag8 10

Cloakham Lawn Sports Centre
Notes to the Financial Ststements for the Year Ended 30 September 2024
Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequendy stated at cost kqss any accumulated
depreciation and impaimienl losses. Any tsngible assets carried al revalued amounts are reGordgd at
the fair value al the date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.
An increase in the carrying amount of an assel as a resutt of a revaluation. is recognised in other
recognised gains and losses, unless r( reverses a charge for the Impalm￿nt that has previously been
recognised as expendrture wf(hin the ststemenl of finanaal adimties. A decrease in the carying
amount of an asset as a fftsull of revaluation, is recognised in other recognised gains and losses.
except lo which i( offsets any previously revaluation gain, in which case the loss is shown within other
recognised gains and losses on the ststemenl of financial actMIEs.
Depreciation and amortisatlon
Depreciat￿n is provided on tangible fixed assets so as to wrf(e off the eost or valuat￿n, less any
estimated residual value, oveT their expected useful economic life as follows..
Asset class
Freehold propety
Freehold improvements
Plant and machinery
Depreclation method and rate
No depreciats'on
1 OQh straight line
20% straight line
Impèimiant of flxed assets
A review for indicators of impairment is Carried ovt at each reporting date, wlth the recoverable
amount being estimated Whe￿ such indicators exist. Where the carrying value exceeds the
recover8ble amount, the asset is impaired accordingly. Prior impaimients 8re also reviewed for
possible reversal al each reporting dale.
For the purpose of impairment testing, when il is not F4Jssible to estimate the recoverable amount of
an indmdual asset, an estimate is made of the re￿Verable amounl of the cash-generating unit to
which the asset bekjngs. The cash*enerating unil is the smallest identifiable group of assets the
includes the asset and generates cash infiows that largely independent of the cash inflows from other
assets.
For impairnienl testing of goc%Jwill, the goodwill acquired in a business combination is, from the
aequisi(ion date, allocated to each of the cash-generaling units that are expected to benefit from the
synergies of the eombinalion, irrespectNe of whether other assets or liabilities of the charity are
assigned to those units.
Resgarch and developrnent
Research and development expendrture is written off as incurred.
Cash and cash equivalents
Cash and cash equivalents comprise eash on hand and call deposits, and other short-tsm highly
liquid investments that are readily convertible to 8 known amount of cash and are subject lo an
in$ignifKant risk of change in value.
Page11

Cloakham Lawn Sports Centre
Notes to the Flnan¢ial Statements for the Year Ended 30 September 2024
Borrowlngs
Inlerosl-bearing borrowings are inrtialty recorde(l at fair value, net of transaction costs.
Interest-bearing borrowings are subsequently earried al amortised Cost, with the difference bets￿en
the proceeds, nel of transaction costs, and the amount due on redemption being recognised as a
charge lo the Statement of Financial Activities ovef the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and 15 included in interest
payablo and Similar Charges.
Borrowngs are classified as current liabilities unless the charty has an unconditional right to defer
settlement of the Ikebilty for at least ￿e1ve months 8fter the repoth'ng date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustegs di$¢rotion in
furtherance of the objectives of the chanty-
DespJnated funds are unrestricted funds eam18rked by the Tnjstees for particular purposes.
Restricted income funds arè those donated for use in a particular area or for specifi'c purposes. the
Use of which is restricted to that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the
contractual provisions of the instrument.
Financial liabilities and equrty instruments are classffied according to the substance of the contractual
arrangements entered Inlts. An equty instrument is any contract that evidences a residual interest in
the 888e15 of the charity after deducting all of its IBbililies.
Recognition ond measurement
All financial assets and liabilrties are initially measured at transaction price (including transaction
¢oslsl, except for those financial assets classffied as al fair value through profit or loss, which are
inttialty measured al fail value {which is normally the transaction price excluding Iransaclion costs).
unless the arrangement consti(utes a financing transaction. If an air8ngement constitutes a financing
transaction, the financial as$el or financial liabilty is measured at the present valu8 of the fvlure
pa￿entS di8¢ounted at a market rale of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial posi(ion when. and on
when there exists a legally enforce8ble right to set off the recognised amounts and the charty intend8
either lo settle on a nel basis, or to realise the asset and settle the liabilty simuhaneously.
Financial assets a￿ derecognisod when and onty when 81 the contr8etual rights lo the cash flows
from the financial asset expire or are Sett￿d, bl the charty transfers to another paty Substantial￿ all
of the risks and rewards of ownership of the financial asset. or c) the charity, despite having retsined
some, but not all. significant risks and rewards of ownership, has transferred eonlrol of the asset lo
another party.
Financial liabili(ies are derecognised onty when the obligats'on specified in the contract is discharged.
Cancel￿d or expires.
Page 12

Cloakham Lawn Sports Centro
Notss to the Financial Statsments for the Year Ended 30 September 2024
3 Income from donations and lega¢10S
Unrestrlcted
funds
Total
2024
Donations and leg8eies-,
Donations
Unrestricted
funds
Restricted
funds
Total
2023
Donations and *acies'.
Donab"on$
Grants, including capTial grants.,
Grants receivable
48,708
48.708
48,708
48.713
4 Income from charitsble acllvltles
Unrestrlcted
funds
Restrictèd
funds
Total
2024
Hire of venue, grouftd and facilities
Hire of ground - football
Hire of ground - cricket
Hire of ground - b¢)￿S
39,527
4,000
2,480
2,000
39,527
4,000
2,480
2,000
48,007
48,007
5 Income from other tradlng actlvltles
Unrastrictgd
funds
Restricted
funds
Total
2024
Rent from bar franchise
Fundraising income
11,219
732
11,219
732
11,951
11,951
Page 13

Cloakham Lawn Sports Centre
Notes to the Financial Statements for the Year Ended 30 September 2024
6 Expendlture on charltable activities
Unrestricted
funds
Restricted
funds
Total
funds
Provlslon of sport centre facllitie$
Wages and salaries
Rates and water
Healing oil
Electricity
Insurance
Repair and maintenance- building
Repair and maintenance- equipment
Telephone
Licences
Computer soffiNare and maintenance costs
Equipment hire
Cleaning
Bank charges
Depreck*ion of plant and machinery
Deprec￿liOn of freehold improvements
1.551
296
3,600
15,472
10,019
1,314
653
1.036
415
352
62
1,382
52
1.188
1,551
296
3,600
15,472
10,019
1,314
653
1.036
415
352
62
1,382
52
1,188
4.871
4.871
Support costs
Printing, postage and stationery
Accountancy fees
Independent examinerfs fee
Legal fees
74
1,087
550
50
74
1,087
550
50
39,153
4,871
44,024
Total for 2023
55,032
4.871
59.903
Pag& 14

Cloakham Lawn Sports Centre
Notes to the Financial Stslements for the Year Ended 30 September 2024
7 Net Incomingloutgoing r9s0urces
Net incoming resources for the year include..
2024
2023
Deprecialion of fixed assets
6.059
6.059
8 Trustees rèrnuneralion and expensos
No trustees. nor any persons conneded wrih them, have received any remuneration from the charity
during tho year. (Prior year.. nil)
9 Staff costs
The aggregate payroll costs were as follows..
2024
2023
staff costs during th8 ygar were:
Wages and salar￿6
1,551
1,525
The 8ver89e head ¢ount of employees during the year was 1.
2023
No
1,551
Wages and salaries
No employee received emoluments of moro than £60.000 durTng the ygar.
Pagg15

Cloakham Lawn Sports Centre
Notes to the Financial Statements for the Year Ended 30 September 2024
10 Taxation
The charity is a registered charity and 1$ therefoR exempt from laxatson.
11 Tangible fFxed assets
Land and
bulldlngs
Fixtures and
Freehold
flttlngs improvements
Total
Cost
At 1 October 2023
863.063
4,701
43,837
911,601
At 30 September 2024
Depreciation
Charge fr)r the year
At 30 Septemb8r 2024
863.063
4,701
43,837
911,601
1,188
4,871
6,059
1,188
4,871
6,059
Not book value
At 30 September 2024
863.063
3,513
38,S66
905,542
At 30 September 2023
863,063
4,701
43,837
911,601
12 D8btors
2024
2023
Trade debtors
2,067
971
13 Cash and cash equivalents
2024
2023
Cash * bank
34.786
24,964
14 Creditors: amounts falllng due within one year
2024
2023
Other loans and overdrafts
Trade credi(ors
Accruals
3.072
1,379
2,251
6,702
7,701
2,675
2,838
13,214
Page 16

Cloakham Lawn Sports Centre
Notes to the Flnancial Staternents for the Year Ended 30 September 2024
15 Creditor5: amounts falllng due aft•r onè yo•r
2024
2023
Other bans
95,624
100.191
16 Funds
Balance at 1
October
2023
Balan￿ at 30
September 2024
Transfers
Unrestricted funds
General
General funds
768,688
768,688
Restricted funds
Ground roller
Drama hire
Appeal fund
Skateboard park grant
BO￿ hole project
AJI weather sports area
Football goals and the flood grants
Signage grant
Securty improvements
Flood damage
1,000
200
540
3.000
777
948
2,298
2,012
831
43,837
1,000
200
540
3,000
777
948
2.298
2,012
831
43,837
Totsl rnstriGted funds
55.443
55,443
Total funds
824,131
824,131
Page 17

Cloakham Lawn Sports Centre
Notes to the Financial Statements for the Year Ended 30 September 2024
Balance at
30
September
2023
8alancè at
27 July
2022
Incoming R￿OurceS
resources
expended
Transfers
Unrgstrfcted funds
General
General funds
771,3S9
52,361
155,0321
768,688
R8Strlcted
Ground roller
Drama hire
Appeal fund
Skateboard park 9rant
Bore hole project
All weather sports area
Football goals and the
Ilood grants
Signage grant
Security improvements
Flood damage
Totsl re$trlcied funds
1.000
200
540
3,000
777
948
1.000
200
540
3,000
777
2,298
2,012
831
2.298
2,012
831
43.837
48,708
4,871
11.606
48,708
14.8711
S5.443
Total funds
782,965
101,t69
{59,9031
824,131
17 Analy81s of net assets between funds
Totsl funds
at30
September
2024
Unrestricted
funds
General
Restrlcted
funds
Tangible fixed assets
Currenl assets
Current liabilities
Creditors over 1 year
Total net assets
866,576
25,247
16,7021
195,6241
789,497
38.966
11,60S
905,542
36,853
16,702)
95,624
50.572
840,069
Page18

Cloakham Lawn Sports Centre
Notes to the Financial Staternents for the Year Ended 30 September 2024
Total funds
at30
September
2023
Unrestrfcted
funds
General
Restrlcted
funds
Tangible fixed assets
Current assets
Current liabilf(ies
Creditors over 1 year
Totsl net 88sets
867.764
14,329
(13,2141
1100,191
768,688
43,837
11,6C6
911,601
25,935
113,214)
1100,1911
824,131
55,443
18 Rglated party transactions
Relatgd paty transactions
Mr Simon Flint {trusleel ané his wfe have a tenancy lo operate the bar facilities at Cloakham Lawn
Sports Cenlre. This is an 8miS-lenglh transaction and Mr Flint does not take part in voting or other
decision making relating to the grant of tenancy..
In addition, tsvo Iiuslees and one ernployee have previousty lenl the charity £35,888, in order for the
charity to acquire a piece of land. As 8t 30 September 2024 £34,393 of the loan balance remains
outstanding.
Page19