JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 ANNUAL REPORT & ACCOUNTS YEAR ENDED 31" MARCH 2024
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 5t Year Ended 31 March 2024 Contents Trustee's Annual Report Statement of Trustees, Responsibilitles Independent Examinerfs Report statement of Financial Activities Balance Sheet Notes to the Accounts
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 Year Ended 31. March 2024 Trustee's Annual Report The Trustee is pleased to present their report and accounts for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the Trust's governing document. the Charities Act 2011 and the Statement of Recommended Practice, Charities SORP IFRS1021. Objertives and activities The provision and maintenance of a recreation 8round for the benefit of children and young persons who have not reached the age of 25 years and are resident in the District1sicI of Southend-on-sea, wlthout distinction Df political. religious, or other opinions. Jones Memorial Ground was given under trust to the Borough Isicl Council of Southend-on-sea by Robert Arthur Jones, in memory of his wife Emma Julia Jones, in 1913 for use as a recreation or sport5 ground for the use of children attending elementary schools within the Borough1sicI. In 1923, Robert lones gave an additional area of land to the trust. due to the rapid growth of the Borough Isicl and the need for additional playing space for children. The recreation ground covers an area of approximately 15 acres and is regarded as an important asset, located within a socially deprived are8 of the town. The land shall be held upon trust for use for the object of the Charity. The followlng facilities are currently provided at the ground: Sport pitches six football pitches for use for junior football. Playground large outdoor play area exists with modern play equipment. Toilet Block built by the Borough Council in 1993 at a cost of £25,OC4J, including provision for the disabled. The ownership of the toilet block was not transferred to the Trust. The recreation Eround is administered and maintained for the objects set out in its governing document by the City CDuncil, which meets any deficit incurred each year on operating the facility. The Trustee5 in making decisions about the Trust make those decisions with due regard to the objects of the Trust. They also have due regard to their legal duty to carry out the Trust's charltable purposes for the Public Benefit and the Charity Commissions, guidance thereon.
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 Year Ended 31" March 2024 Achievements and performance lones Memorial Recreation Ground is currently maintained to allow the purposes in it5 Governing document set out below to take place during the financial year 2023-24. The Trust generated facilities hire income in 2024 of £10,32512023: £4.225I. The Recreation Grounds pedestrian walkways, green spaces and car park remained open for all members of the public to make use of for exercise. The Trustee considers that the performance of the charity during the year was satisfactory. Plans for the future The Trustees intend to continue with the Current activity and maintain the stsndards of Jones Memorial Recreation Ground. Flnanclal revlew The cost of maintaining the recreation ground exceeded the net income from trading activities and the operating deficit of £50,23712023.. £45,489) has been funded from the Southend City Council General Fund, by a donation to the charity. Reserve5 Pollcy The trust does not need to hold reserves as any deficit which arises on the operation of the trust, should the trust have no funds to meet it, Is funded by Southend on Sea City Council. which is 501e trustee of the trust. The restricted reserve currently held of £139,88912023: £133.120) represents the value of the former groundsman's house which was sold in 1993. plus interest accrued thereon. The use of this reserve would require the agreement of the Charity Commissioners. Golng concern lones Memorial Recreatlon Ground meets the definition of a public benefit entity under FRS102. There are no material uncertainties about the charitvs ability to continue a5 a going concern. Structure, governance and management Governlng documents The Trusvs Governing document15 in the form ofa Scheme sealed on 21st November 1974. Trustee recruitment and training Southend City Council elected members are corporate Trustee5. Therefore Councillors once eletted become a corporate Trustee of the Trust.
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 Year Ended 31" March 2024 Ri5kA55e5sment The city council. when carrying out risk assessments for its own actlvlties, includes within the assessment the activities of the trust. 50 any major risks applicable to the trust are covered by the council arranging appropriate insurance or having in place Strategies to cover other contingencies. Reference and administrative detalls Trustee Southend-on-sea City Council Secretarynreosurer to the frust Southend-on-sea City Council Address Civic Centre Virtoria Avenue Southend-on-sea E55ex S52 6ER Independent Examiner TCGroup The Courtyar(i Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 Year Ended 31" March 2024 Statement of Trustees, Responsibilities The Trustees are responsible for preparing accounts which give a true and fair view of the state of affairs of the Charity as at the end of each financial year and the income and expenditure of the Charity for that period. In preparing those accounts, the Trustees are required to-. Select suitable and appllcable accounting policies and then apply them consistently Make judgement and estimates that are reasonable and prudent Prepare the financial statements on a going concern basis unless it Is Inappropriate to presume that the organisation will continue in business The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable it to ensure that the financial statements comply with charity legislation and the relevant governing instruments. They are responsible for safeguarding the CharitV5 assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Resuks The Trust's financial results are a5 per the annexed accounts. By order of the Trustee5 Signed J Chesterton (Feb 10, 2025 13:43 GMT) Joe Chesterton. Executive Director (Finance & Resources) Date Feb 10, 2025
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 Year Ended 31" March 2024 Independent Examinerfs Report I report on the accounts of the Trust for the year ended 31st March 2024. which are set out on pages 6 to 13. Respon5ibilitie5 and bas15 ol report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Act 20111.the Act'l. I report in respect of my examination of the Trusvs accounts carried out under section 145 of the 2011 Art and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examlnerfs 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 respect: l. accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts 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. Mark Cummins FCCA FCIE For and on behalf of TC Group Office.. Steyning, West Sussex Dated: 2oJlS
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 Year Ended 31, March 2024 Statement of Financial Activitles 2023124 2023124 Unrestricted Restrlcted Endowmont 2023124 2023124 Total 2022123 Total Fd$ Fund5 Funds Funds Funds Income From Donations 50.237 50,237 6,769 10,325 67,331 45.489 2,623 4,225 52.337 Investments 6,769 Charitable activitie5 Total Income 10,325 60,562 6.769 Expenditure on Charitable activities 60.562 60.562 60.562 60,562 50,155 50,155 Total expenditure Net income/expenditure and net movement in funds 6,769 6,769 2,182 Reconciliation of Funds Total funds brought forward Total funds carried forward 133,120 139,889 22.254 155,374 22.254 162,143 153,192 155,374 All income and gains for the year are re¢ognlsed on the statement of financial activities. All the Charity's activitie5 are classified as continuing.
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 Year Ended 31" March 2024 Balance Sheet 2023124 Tolal Funds 2022123 Total Funds Note Nxed Asset5 Tangible Assets 22,254 22,254 Total Fixed Assets 22,254 22,254 Current Assets Cash at bank and in hand 140.729 133.780 Total Current Assets 140,729 133,780 Uabllltles Creditors: Amounts falling due within one year (8401 (660) Net current assetsllliabilitiesl 139,889 133,120 Total assets less current liabilities 162.143 155,374 The funds ofthe charlty Endowment funds Restricted funds 22,254 139,889 22,254 133,120 io Total charity fund5 14 155.374 Approved by the Trustee and signed on its behalf by an authorised signatory. Signed J Chesterton (Feb 10, 2025 13..43 GMT) Joe Chesterton, Executive Director IFinance & Resources) Southend on Sea Borough Council for the Trustee Date Feb 10, 2025
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 st Year Ended 31 March 2024 Notes to the Accounts Note l Legal Status Jones Memorial Recreation Ground is an unincorporated charity registered in England and Wales Icharity number 2662611. Note 2 Accountlns Policie5 Bosls olpreporcrtion The accounts have been prepared in accordance with Accounting and Reporting by Charlties: 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 1021 {effettive l January 20161- (Charities SORP IFRS 10211. and the Charities Act 2011. lones Memorial Recreation Ground meets the definition of a public benef it entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notelsl. There are no material uncerta inties about the charity's ability to continue as a going concern given the support provided by Southend City Council. The financial statement5 are prepared in Pounds Sterlin& which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound. Cush Flow Stotement In accordance with the Charities SORP IFRS 1021 the charity is claiming exemption from the requirement to prepare a cash flow statement on account of it being a small charity. Income Donations and other forms of voluntary income are recognised as incoming resources when receivable. except insofar as they are Incapable of financial measurement. Charitable activities - represent income from rent and are recognised when receivable. Investment income Is accounted for when receivable. Expenditure Expenditure is accounted for on an accruals basis excl usive of the element of VAT which is recoverable by Southend City Council in accordance with VAT Notice 749 para 7.5. Charitable expenditure comprises those c05ts incurred by the charity in the delivery of its actlvitles and services for its beneficiarie5.
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 st Year Ended 31 March 2024 Note 2 Accounting Policles (continued) Tongiblefixed asset5 and depreciatlon Tangible fixed assets are capitalised at cost. Land is not depreciated. Buildings are depreciated on straight line basis over a period from 12 to 25 Years. Cosh ot bank and in hand Cash at bank and in hand includes cash and short term highly liquld investments. No separate bank 3ccount is maintained by the Trust, therefore all income and expenditure passes through the Clty Council's account, and its cash balances are held within the City Council's general bank account. Credltors ondprovi510ns Creditor5 and provi5ion5 are recognised where the charity has present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Criticol uccountlnq estimates ond judgements In the application of the charity'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 assumption5 are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimate5 and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised. The trustees do not consider that there are any critical estimates or areas of jud8ement that need to be brought to the attention of the readers of the financial statements. Note 3 Income from Donatsons Donations of £50.23712023: £45,489) were received from Southend City Council as the funding required to make up the operational deficit for the year. This donation is equitably apportioned acros5 all operational trust expenditure. Included In the donation of £50,237 are the following donated service5: 2024 2023 Employees-5econded staff Admlnlstratlon 15.452 416 15,472 404 15,868 15,876 Note 4 Incomefrom Investments The investment income of £6,76912023: £2,623) relates to the interest received in respect of the cash deposited with 5outhend City Council.
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 st Year Ended 31 March 2024 Note 5 Income from Charitable Artivitles 2024 2023 Facilities Hire 10.325 10.325 4,225 4,225 Note 6 Cost of Charltable Activities 2024 2023 Employees BulldinglGround Maintenance Transport Utilities Insurance Supplies & Services Depreciation Governance costs Administration 18,627 17.963 330 6,496 2,250 13.555 16,909 18,796 97 5,371 1,804 5,636 441 660 441 50,155 840 501 60,562 The 5UPPOrt costs incurred are the administration Services provided by Southend City Council and governance costs. Total support costs for the year were El,341 {2023- £1,101). Governance costs comprise solely of fees paid to independent examiners. During the year £84012023: £6601 was paid to the independent examiner in respect of examination seNices. Employee costs relate to employees of the Council. No staff were remunerated over £60.000 in the year. The charity is managed by Southend City Council and doesn't have any key management personnel. io
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 st Year Ended 31 March 2024 Note 7 Fixed Assets Freehold Land & Buildlngs Asset cost, valuation or revalued amount Balance as at 01104123 and 31103124 44,908 Accumulated depreciation and Impalrment reviews Balance as at 01104123 and 31103124 22,654 Net Book Value Brought forward @ 01104123 Carried forward @ 31103124 22.254 22.254 The balance of £22.254 is in relation to land which does not get depreciated. Note 8 Creditors Amounts falllng due within one year 2024 2023 Other Creditors 840 660 Note 9 Endowmentfund The endowment fund is the result of the original land endowed by Mr Jones. Note 10 Restrlcted fund The restricted reserve represents the value of the former groundsman's house which was sold in 1993, plus interest accrued thereon. The use of this reserve would require the agreement of the Charity Commissioners. Note 11 Trustee remuneratlon No trustee wa5 paid in respect of their services as a trustee in 2023 or 2024 and no expenditure was reimbursed. li
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 Year Ended 31" March 2024 Note 12 Related Party Trdnsartion5 During the year the trustee (Southend City Council) donated f 50,23712023: £45,489) to the Trust in respect of the funding required to cover the operational deficit for the year. Southend City Council collected a further £6,76912023: £2,623) on behalf of the Trust in respect of income generated from facilities hire and interest earned on cash balances. The Trust paid the Council £59,221 in respect of operating costs for the year12023'. £49.0541. Note 13 Comparatlve Funds 2022123 2022123 2022123 Unrestricted Restricted Endowment Fund5 Funds Funds 2022123 Total Fund5 Income From Donations Investments Charitable activities 45,489 45,489 2,623 4.225 2,623 4.225 Total Income 49,714 2,623 52,337 Expenditure on Charitable activities 49,714 49,714 441 50,155 50,155 Total expenditure 441 Net incomelexpenditure and net movement In funds 2,623 14411 2,182 Reconclllation of fund5 Total funds brolbght forward Total funds carried forward 130.497 22,695 153,192 155.374 133,120 22.254 12
JONES MEMORIAL RECREATION GROUND Charity Registration No 266261 Year Ended 31" March 2024 Note 14 Net Assets Between Funds Year Endlng 31, Morch 2024 Unrestrlrted Restrlrted Endowment Total Fixed Assets 22,254 22,254 140,729 (840) 162,143 Current Assets 840 139,889 Current Liabilities (8401 Total 139.889 22,254 Year Ending 31, March 2023 UnrestTlrted Restrlcted Endowment Total Fixed Assets 22,254 22,254 133,780 16601 155,374 Current A55et5 660 133,120 Current Liabilltles 16601 Total 133.120 22,254 13