2023-03-31-accounts

Silverstone Recreational Association Charity Number 269521 Financial Statements for the year ended 31 March 2023

Silverslone Rocreional Association Charity Number: 269521 Financial Statements forthe year ended 31 March 2023 Contents Page R6ferente and AdmFnistrative Informati¢Jn Report ofthe Trustees Independent Exarniners Reportto the Trustees 8tment of FInar￿1￿ AGliwb"es Bdan¢e Sheet Notes to the FinarKtat statements

Silvethe Re¢￿tIonal A$￿cl Charity Number: 269S21 Reference and Administrative Infomwt for the yearended 31 March 2023 Trustse$: N Ashby- Ch*Tm J Fth￿er c stevens M Webb L Jones G Fullèr P Gazeley M Broomhall Trustees for the Charfty: &fvefstone P￿iSh COU￿11 Prlnelpal Address The Pavilion Church Street &"Iverstone Norlhanls NN12 8XA Bankers National Westminster Bank pk 80 High Street Stony Stratfor Milton Keynes MK11 1AJ

Sllvernt¢n• R•crèatit%￿I A•soelaUon for tho year •nd•d 31 Mrch 2023 TheTwstees pwenttlElrrepxt the li&teffl￿th fwthe year erded 31 Mlrrtt Th• (knJ0Gtsoftt twlty 8r• th• ￿￿k￿l￿r￿1 m￿nt￿￿nc ofA vloge h1, And anraiwy Ihérof¢rlhg sme d the knhltrt al IM Ptthoh d Sll¥rnioM, lthout d prlwi r&¥Jk)LA or olh•r c•knnb, u•f¢r m••ffjroB, and c4a$8•B and ILY C4h frms (rf r￿atron ocuJWoTr, wknth• ¢ty"e¢ttX Imwo￿r1d ccfflthOun$ o11rfo for Atso, to ho￿ the IS￿d th• chrty FxryJ•• OIA 441ll FM truJts¢s •re tirrted•tthvAnThA Megllrrfj ol IheAsg(MJallon lo fara wlod ol om ￿¢(m•n￿r￿j At thè•TrJ crf th•modfig ai they are el8CbX 8XF4rfng al th• •nd A¢hlv••m8ntofth• ObJ•ct of th• Ch•rfty Th& f£• n￿l￿r91￿￿, #t•¥Ift￿￿th•vd th•obi¥ •nd h fmJJto • wcrfk to ￿ntsm￿. Ir¢ th• pMl>•4r, th• ￿Mm￿l#• cMUnu•d to ot••r lh• orathn on a iound Flnnol•l R•vl•w Th•alladMd pyy rott ofaC0￿th In An In aw rf£40,13t bas b•8n 8clkn&a. opro¥•d bythw Truth•$ and •w￿d thdr l)gMtrty. N Alfty. Chm4n

Silverstone Recreational Association Independent Examinerfs Report to the Trustsgs I report on the financial stalernents for the year ended 31 March 2023. which are sei oijt on pages 4 Respective responsibilities of trustees and examlner The charws trustees are reswnsible for the preparation of the accounts. The charity's trustèes (X>nside¢ that an 3udil is not requits¢i for this year under S￿￿On 14412) of the Charities Act 2011 lthe 2011 Act) and that on Independent examinatioTr is neede¢Y. tt is my responsith.lty to. - examine the ￿)Unts ur,der Srction 145 ofthe 2011 ACT - lo folbw the procedures laid down in the general Directjons gwen by the commission under section 14515llbl OT tiie 2011 Act - lo state whether partthlar matters have come tcs my ntion Basis of independent èxamineffs report My eXaMinat￿n was camed out in accordanee with the genwal d1rect￿nS gTven by the Charity Commission. An examination Includes a revEew of the ac£ouriTing records kept by rhe charity and comparison of the a¢¢ounts p.Tr. sented wilh those records It 81so Includes consideraton of any unusu21 rterns or diLlosures In tre acrounts. arKI séeking exrAanabons from you as trustees con￿Ming any such matters. Pr￿e0UreS uno'ertaken do not provioe all the e￿den￿ that would be required in an audrt and c4Jnsequendy no opinion is g.'ven as lo whether the accounts present a 'Irue a￿ld fair viev/ and the report ￿ limrted to those matters set OLrt In the next statement Independent examinerfs statement In connectron wth my eXaMinat￿rI, matter has come to my attentron.. (11 whth gives me reasonable cause to believe that in anv material respect the requifftrnents. - to kp accounting records In accortsnce wrth sectton 130 oftthe 2011 Aet.. and - to prepare accoLints which accord wth the acoJJnt£ng records and comply wrth the ac¢ounting reqU1￿Ments of the 2011 Act have not been met". or (21 to which. In my opinion. attentK)n S￿)￿￿￿ be dravm in older to enable a prO￿r unde{sta￿ing f the accounts to be wthed Mark Ellis CPFA Charte￿d Institute of Putst￿ Finance and AcccAJntsncy PA-3 Aston House While Cross Industn81 E¥tate Lancaster Lantsshi LAI 4XF Date. 14 Jtjty 2023

Sllverstone Recreauonal Assocladon Statèment of Flnanclal Acttvilles for the year ended 31 March 2023 2m 2022 ci¥nlng Resources Donations. 18gaoes and SimiLqr Parth Cour￿8 8,812 Ino)ming rewurces frvm operaling activitiesifi the ofthe Cbarlty PaviJn Bar Rent 4,75) Incom&￿ teurr8fft)rn other a£vilies ge￿ra￿r￿j frJThls H8IVRoom Hire F￿￿ Hi 11.343 9,242 7.016 6,704 6,436 9,2¢2 39.Q1 74fj31 81.358 Net incoming re)urces availa￿e forcharitab pwp JgA31 34,600 741J31 81 Resources expended Chattsble expBndture 11.513 Fkl MaiTrter 11.513 18,065 8,720 11942 16.C arAgemert 8 Administra￿(¥￿ 2.fc 1.912 4,6r2 1,f78 1.752 1.912 4.672 (#eaniryJ Legal & Profe5￿"L￿OI DewecaatK)n SuThJr*s 3283 915 91S 581 2&181 17M6 40.n6 31 Net 16280 17.016 49.478 ￿e(n￿￿)I￿ in thnds 16380 17,01fj 49A78 FuThJs br(￿ghtf0￿Vald 81J89 107AGO 87.972 F￿mIS I￿Tard 97 140.741 107A50

Silvgrstone Recrèational As50clafjon Balance Sheet as at 31 March 2023 Llnrestrtcted Restslcteil funds funds Reststed 2022 2023 Flxed ass&ts Tar)giblo assets 25.717 Curytnt as$ets Cash at trtnk and in tsnd 68.316 41876 111.1Y2 81.739 Net ￿rreNta$$ets 68.316 42876 111,1¥2 81,739 Total a55ets less tow Ikbtllues 97.869 42.876 140.745 107.4 unles￿cted lneome Funds 97. 42,876 140.745 107,45J

Silverstono Recreational Associati( Notes to the Finan¢ial Statements forthe ypar ended 31 March 2023 1 Acccuntlng ba￿5 Th& prinapal accounb.ng p(4iae5 8dtspted in Ihe preparabon of th8 fiTrarKia atemettts are set out bel¢)w and have remained unchanged from the previous year and have dso been consstenvy applied vthin Ihe same ¥counts. 8 Basts ofpreparaton ofthe ststem The fin¥t¢1￿ statements have been prepared urtrderthe hiorical c05tconvenb.on and in a¢Cor(jan￿ the appIl￿ble ¥counb"rtg S￿d*(￿. b Depreua1ion Depreothon has been cornputed lo write off th& ¢05t of t￿gIble fixed assets over Ihetr expected useful lives u&ng the following rates". Buildings Ewipment Nil per annum 10% Reducing b￿￿te 2 TanglNeAssèts Plant and nxhlnery Cost At 1 AWÈI 2022 Addth'ons At 31 March 2023 97.572 7.125 104.697 97.572 7.125 104.697 Depreciats"on At 1 April 2022 Charge for the year At 31 M8rch 2023 71.861 3,283 75,144 71,861 3,283 75.144 Net book value At 31 March 2023 At 31 March 2022 29.553 25.711 29.553 25,711

Silverstone Re¢Trational A$S￿lI110n Notes to the Financial StatÈments for the 5wr ended 31 Marth 2023 3 Movement In funds Net TransTe movement beknn In ftrnds nds At 011tM122 31M3123 Unrestrfeted fijnds Premousty reported Pnorye8r adiusknent Reststed General Fund 410.649 {329.0601 81,589 16.280 97,869 Restricte<t funds Footb￿1 Foundab'on Fa¢ilib"ps Devdopment 4.729 21,132 25,861 (7.9851 25.000 17.015 13,2561 46,132 42.876 Totsl funds 107.450 33.295 140.745 Net rmvèment in funts. induded in the above ¥e * r￿lOWs." Incomlng Movement In funds expended Unrestvleted fvnds General fvnd 39.431 123.151} 16.280 Restrtcted funds Foo1ball Foundab"on Facilities Devdoprnent 9.6C#) 25.000 117.5851 17,9851 25,DOO 17,015 117,5851 Tolal funds 74,031 140.738 33,295 4 Prlor Year Adjustsnent Duiing the year a prioryear adjustrnent has been posted in respect of the cost of ￿lIding$ held by the chwity. PrewoW builth"ng5 had in errof been recogn￿1 as belonging to 1hè Ch￿ty %thereas it has transpired the charity dtses not ovm the tyjildngs As suth an adiuslmentto rernove Ihe cost of the builitings has been Include(I In 1hese account5. As a resutt of this Ihe v8lue of tsngible assets has decwsed by£329,1)60 a5 has 1he broughtforw8rd retsined fund5.