rtty registration numbeff: 267646 Pinder Recreational Trust Annual R¢port ond Financial Statem¢nts for the Year Ended 31 March 2025 UHY Ross BrrJok¢ Charter¢d Accountsnts 31a Charnham Street Hungerford Belkshire NeMtsury Berkshire RG17 OEJ Pinder Recreational Trust Contents Trnstees, Repxjrt I￿4 Stattmcnt of Trnste¢s' Responsfftbilities Independent Examinefs Report Statement of Financial Aettviti¢& Balance Sheet Notes to the Financial Statements 9t0 15 Pinder Recreational Trust Trustees, Report The trustccs pres¢nt th¢ aDnual ryort togethEr with the fmancia] stthm¢nts of the Charity forthe y¢ar endcd 31 March 2025. Trusts The tharity's sole trust¢¢ ts Burgb¢l¢re Parish Council who are ethpowered to appoint sub-comrnitt¢¢s as it thinks fit for the administration of the ¢harity. Objettives and *¢tiviti¢fy Objects l) The provision maintenan¢e of the village hall, for the us¢ of the inhAbit4nt5 of Burghclere and Newtown without distinction of political, relTgious or other opinion5, includin8 use for meetings, lectures classes and for other fornis of recr¢ationa] and leisure time occupalion, with the object of improving the conditions of life. 2) To provide {or assist in providing} for thc habitants of the Parish of BuTgh¢lere facilities for tecffation, or other leisure time o¢¢upation in the interests of so¢ial welfoje and with the object of improving their ¢onditions of life. 3) The b¢nefit of the inhabitants of thc Parish of Burghclere by suth Charitsble purp03¢5 as the trustee thinks fit. Objeciives, Slrnlegiaw ond ocdvlti¢s The charity derived its in¢ome from hall lettings. rent for the use of the recr¢ation 8mund, rent for the aUotm¢nts, income from investments 2nd r¢ni from the cottage and government grants. www.rx)rtalhall.¢orn is being used frequently forr¢¢ording a c4lendar of ¢vents and for ix)okings. P¥bUe bene The uses of the faGiliti¢s in the trustse's opini¢m med the objects of the chaTity aT￿ satisfy the rcqutrement for the charity to have a public benefii. The thJ$tees confjrni that they hav¢ ¢(￿p]led with the requirements of section 4 of the Charilies Act 2011 to have due r¢gard to the public F*n¢fit guidanee published by the Charity Commission for England and Wales. Page I Pinder Recreational Trust Trnstees, Report FlnADti81 r¢view Hall bookings continue to thrive. with regular hirers such as th¢ Pr¢-S¢lkn)ol, Wl, and Horticultural Swiety providing a stable income stream. On￿ff bookings for o dtvetse tange of events, including private parties, fundraising functioD& and weddings. This has ￿rther ￿￿tribUted to r¢vcnue. We are plc8sed to rep)rt that th¢ hall genernted income of £21,661, reflecriDg an tncre&se of approximately £3,473 compared io the previou5 year. This growth is primarily due to the hall on¢e again being hireil as a filming location foT'T)ownton Abbey". Net rental income from th¢ Porta] Cottase totajlcd £11,748 from th¢ l¢tting agent after rnaDag¢m¢nt f¢es and rewdirs totalling £5,678.There w&s a Short void in Jun¢ 2024 before new tsnants moved in. The Tn]st invested £9.567 ihis fuMDcial year in redewrating the cottage #nd part-payment for replacing its windows, with compl¢tion scheduled for ¢ar]y in the next finan¢ial year. Th¢ Trnst conlinu¢s to benefit from a grant from the Parish Council to coveT the c05t of 8ra55 cutting. The PortBI Hill wÉndow replacement project Wds S￿￿t$S￿lIY Completed in Augu& funded by 4 £26,784 grant secur¢d last year from the UK Gov¢rnm¢nt's UK Shared Prosperity Fund. The final slage payment of £20.088 has now been re¢eived. Investrnct￿ remain a significant contrli )utor to the Thist's inwm¢, generatitig £5.2￿ this y¢4r, an in￿¢&8¢ from £4,867 in the previous year. In addition. the Trust has opened two new saving5 XCOUtts with Lloyd$ and th¢ ChaTity B4TrK ￿rther str￿gthen[Trg it5 finan¢iai p)sition. Routine hall maintenancc costs have redu¢¢d by approXin￿tefy £1.500 this y¢gr. as efforts have been focused on ¢ompleting larger-seale projects. Looking ahead, thc TTU51 aims to undertake substant￿] work on the roof and guttering in the 2025126 fJnan¢iai year. Utility Gosts hav¢ d¢cr¢as¢d by ￿PrOXiMatelY £1,900, thanks to prndertt fi￿] purcha$ing decisions and improved ener8y effi¢i¢n¢y folk)wing the in5ts11ation of new windows. Sandra Whitin8 appointed Chgty in Febru￿ 2025, following the resignation of Andrew Crowley. Richard CaTrow stepped dowm as Vic¢-Chair in May 2024. Th¢ Trpjst wishes to express its grdtitudc to them both for their dedieètion ond ￿ntribUTIOns. The Trust reports a surplus of £4.593 which 1$ a significant deer¢ase frthn th¢ pr¢vious y¢ar's swplus of £20,1.38. This reduction reflects the ongoing ¢ommitinent to essential repairs and maintenance to Safeguard the buildings, Despite thi5. the Trust r¢mairts fin￿¢131￿ stabl¢ and w¢llysitioned for the year ahead. Strnelllre. governante m4n*gemeDt N4thre ofgoverning docun*llt The charity 15 controlled by its goveming ¢kncumenL a deed of and wnstituts$ sn unincoTporated clwity. The m#n4ement committee n)anage the charity on beI￿lf of the sole trt￿le¢ aT¥l deal with all day to day Page 2 Pinder Recreational Trust Trnstees, Report Rev*luatioD of trusi property Tht Portal memori￿ Hall and ¢ottage were revalued sorn¢ tim¢ ago to £950,000 following a further review of reinstatement value. Although the rein5tat¢m¢nt value h&8 now increased 4bov¢ £950.000, the Th￿1¢¢ does not eonsid¢r that the accounts value should be increased ¥ the open market vallke would not exceed £950.000. Th¢ T)ustee continues ¢0 be satksfied that £950.000 is an appmximation to m8rket Value and does not ftel an ¢xt¢rnal open market vttiuation was justified and as & result no depreciation of the asset is required. These assets are held in Trust by the Parish Council of the Pfiri5h of Burthlere on behalf of tbe PinderR¢¢reaiional Tr￿St The ¢harity also owms th¢ Burghcl¢re RKreation Ground which w&% gifted to the charity and has no ¢ost and h&8 noi been valued. In addition the charity a]$0 man&ges a village Car part a ¢hildren's playground. a milleDnium garden. allotment& And a memorial gArden ott behaif of the Burghcler¢ P*ish Council as dwtee. Risk maDazement The trustees have a duty to identify and r¢vi¢w the rith$ to which the charity is ¢xpostd and to ensure appropriate mntrols aTe in pla¢¢ to provide reasonable &ssurance against fiaud and error. The moDagement eornmitte¢ regu]arly review risks on behalf of the tr￿tte and ar¢ satisfied th&t appropriate controls exist. In parti¢ular there is an on-going programm¢ of mmtenan¢¢. Other The trustee 8180 gives its, grateful thank5 to all the managunent Committee and helpers for Iheir ¢ontinuing support. Pag¢ 3 Pillder Recreational Trust Trustees, Report Rtfer¢n¢e •nd Admthlstr*tive Detsi Thistees Buryhclere Parish Coum¢il Senior Management Tegm Mrs S WhitiD¥ {Appointed 3 FebNary 2025), Chair Mr A Patrick-smith. Vice Chair Mr G Morton Mrs A HaNey Mr I ColliD5 Mr J Par*es Mrs Claire Bamard IAppoint¢d 2 September 2024) Mr A Crowley (Resigned 3 Febn]ary 2025) Mr RCaTtow Oiesi8ned 13 May 2024} Mrs J Letsome, Cl¢rf( Printipal Otriee Portal Hall Church Lane Burgh¢lere Newbury Berkshire RG20 9HX Cbarity Re8istrxtloJh N￿mber Independent Exlmlntr 267646 UHY Ross Brooke Chartered Accountanis 3 la Ch•mham Street Hungerford Bcrk5hire Newbury Berkjhire RG170EJ The annual r¢port was approved by the trustees of the Charity on .................... and $i8ned on its bchalf by: S Whiting Page 4 Pinder Reereation21 Trn8t Statement of Trustees, Responsibilities Th¢ trustees Ere responsibl¢ foT preparing the Trnste¢$' Annual Report and the finoncial Statements in &ccord8nce with the United Kingdom A¢¢ounting Standard5 (Untied Kin8dom G¢Derally Accepted Accounting Pra￿lCe) and applicable law attd regulations. The law applirable to chaTiti¢s requires the trustees to prq)are finat)¢ial Statements foT tach fJnan¢ial year which give a true and fair view of the statr of affairs of the charity and of the incoming resow¢¢s and application of resources of the charity for that period. In preparing these financial siatemeDts,th¢ In￿¢¢5 are required to: select suitsbl¢ accounting policies and then apply them consistently. obsejve th¢ methods principles in the Charities SORP,. rnak¢ judg¢ment$ and ¢slimates tIMt are Teasonable and prudent; state wh¢ther applicable aecounting standards have been followed, subject to any material d¢partures disclosed and explained in the financial statements wjd prepare the fmancial statements on the going ¢otteern b8sis unless At is itiappropriat¢ to P￿sume that th¢ Chtirity will ¢ontinue in busrDes5. Th¢ ¢Nstees are res￿nSible for keeping proper a¢¢oulltin8 records that disclose with re4sonable a¢¢urxy at any time the fingJJcia] w￿)llon of the charity and ¢Dable them to eThsur¢ tI￿t the fmancial statements ¢omply with the Chatiiies Act 2011, the appli¢able Ch￿itieS (Aecount$ and Reports) Regu18tion4 and the provtsions of the Constitution. Th¢ trnstees are a150 responsible for saf¢guarding the &ssets of the chority and hence for taking re&80nable sleps for the prevention and detection of fraud and other irregularities. Approv¢d by the trustres ofth¢ CIMrity on.................... and si8ned on its b¢holf by: Mrs S Whiting Page 5 Pinder R¢¢re4tion41 Trust Independent Examiner's Report to the trnstees of PRnder Recreation41 Trust I r¢port on the accounts ofthe ¢harity forthe Ye￿ ended 31 Mard) 2025 which are set owt on pages 7 to 15 . Re8pettive respon$lbilitie% of trust•es and exa￿l￿er The Charity's trwstees #rc responsible for the preplration of the accounts. The Charity's trust¢¢s wnsider that a udit is not required for this yvdr uThl¢r section 144{2) of thc Charities Act 2011 (the 2011 Att) attd that iDdep¢ndent examitJatiOll i5 n¢￿VAl. It 1$ my responsibility t()- examir* a¢¢ounts under Section 145 of the 2011 Act" to follow the pro¢¢dw¢s laid dowi in the g¢neral Directions given by the Charity Commission under section 145(5Xb) of the 2011 A¢t,' and ¢0 51al¢ whether particular m*tteJs have ¢ome to my attention. Ba5i9 ofindepend¢nt examiner's report My examination was ¢arried out in accordanc¢ WAth th¢ general Dir¢¢tions gtven by the Charity Commissio examinalion in¢lud¢s a review of the a¢countin8 records kept by the ¢harity and a ¢