Silverstone Recreational Association Charity Number: 269521 Financial Statements for the year ended 31 March 2024 Silver5tone Recreational Association Charity Number: 269521 Reference and Administrative Inforrnaiion frjr the year ended 31 March 2024 Trustees: M Nash - (thalrman M Haynes M Webb L Jones L Rarner M Broomhall C Harrison S West West Scurry Principal Address The Pavilion Church Street Silverstone Northants NN128XA Bankers National Wesknlnster Bank pl¢ 80 Hlgh Street Stony StTrrfortl Mllton Keynes MKII IAJ Silverstone Recreational Association Notes to the Financial Ststements for the year ended 31 March 2024 l Accounttng basls The principal actountTrng policie5 adopted Sn the preparatSon of the financial statements a set out below and have remained unchanged from the previous year and have also been consbstently applied WTthin the same accounts. Basls cl preparn￿on &thefin¥￿1al st*rr*r The financial statements have been prepared under the hlstorical cost conventlon and in accordance with the applIca￿e attounring stsndards b Depreaation Depreciatlon has been crynputsd to vKite off the Cost of tangible fixed assets over thelr experted useful Ilves uslng the followlng rntes". Buildings I￿A Redu¢ir8 balance Equlpment Plant and Totsl 2 Tangible Assets machinery Refvrblshment Cost 104,697 104,697 464,680 464,680 At l Aprfl 2023 Addiyons Disposals At 31 March 2024 197,7071 197,7071 471.670 75,144 699 75,144 699 174,3101 DeprecIa￿on At l April 2023 Charge for the year On dlsposals At 31 March 2024 174,3101 533 1,533 5.457 470, 137 Net book value At31 Marth 2024 At 31 Marth 2023 29.553 29,553 Nil per annum Silverstone Recreational ￿soCIation Independent Examiner's Report to theTrustees I report on the financlal statementsforthe year ended 31 March 2024. whith are setouton pa8èS 4t07. Respettive responsibilities of trustees and examiner . The charitys trustee5 ère responsiblefor the preparation of the accounts. The charitys trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithè 2011 Act) and that an independent eKaminatlon Is needed. It is my responslbllltyto.. - examlne the accounts under sertion 145 of the 2011 Act - to lollow the procedures laid down In the general Direthons g￿en by the commission under sectlon 14515llbl of the 2011 Art - to stste whether partloJlaf matters hove to rrryatten Basls of independent examlnerfs report My examlnafjon was carrled out in accordan¢e with ihe general direction5 8iven by the Charity Commisslon. An examinakn'on indudes a review of the accounfjng records kept by the charity and comparison of the accounts presented those records. It also Indudes conslderatton of any unusual items or d1sd0su￿S In the accounts. and seeklng explanathons from you as trustee5 concernlng any such matters. The pro¢edures undertaken do not provide all the evidence that would be Tequlred In an audlt and consequently no opinion is 8iven as to whether the accounts present a'true and fair wew. and the report is limited to those matter5 set out In the next ststeménL Independent examiner's statement In connertion with my examination. rK> matter has come to my •ttentlon: 11 I which gfves me reasonable cause to believe that In any m*erlal respect the requlrements: to keep accounting records In accordance wth seth.on 130of the 2011 Art; and to prepare accounts which accord withtheaccountin8 records and comply with the accountin8 requlrements of the 2011 Act have not been met,. or 121 to which, in my opinion. attention should be drawn In order to enable a proper understandire of the accounts to be reached Mark Ellis CPFA Chartered InstttutÈ of Public Finance and Accountsncy &4-3 Alston House White Cross Industrial Estate Lancaster Silverstone Retreational Association Statement of Financial Activities for the year ended 31 March 2024 fvnds funds 2024 2023 Incomlw ResC￿rteS Dwat[<￿. le8acies and S(rnllar Parfsh Cowcm 9,483 9,064 IncornSng reso¢Jr￿s from opÈratin8 activities In the{urtheran￿ of the Char￿Y pa￿1￿)￿ Bar Rent 13.CO) 13.ClXI 9.500 Incomlng restyJrctslrom other athvthes HalVPmm Hlre eld Hire 4.938 12,250 4.938 12,250 11.343 9242 Be¢)er•tin8 funds .291 67.291 282 5undrylncome 9574 9574 Total Incomlng Resources 116,536 414,267 530103 74,031 116.536 414.267 530A03 74,031 Net 5ncorning resources avallaNe for charltsbk purpo Resources expended CharItats￿ expendtture 11,513 eld Maint•nant• 13A95 13A95 16,065 Mana8ernent & Adrn1nlstra￿C MalntenarKe Ingjrance 345 345 2548 2,108 1,912 Computèrand softsvaro 5281 5,281 Cleanlnq 4. 195 4. 195 4.672 Legal & Profe$4onal Accountrncy Legal and Professlwl 390 2.355 268 2.355 3.283 23.397 23397 Jndries 1,007 IAK>7 915 Totsl rex)urces expeYKled 62,3f￿• 40.T46 Net Incow 54.176 414267 468A43 33,295 Silverstone Recreational Association Lonca5hire LAI 4XF Balance Sheet as at Unrestricted Restslcted Notes funds funds 2024 2023 Fixed assets Tan8lble as￿$ 470,137 470, 137 29.553 Current assets Trade debtors 3571 3571 Cash at bank and In hand 141,YO 141,940 111,192 145511 145.$11 111,192 Current Ilabllltles Trade uedtors 31 March 2024 Net current assets 139AS1 139.051 111,192 Totsl assets lesstotsl IlabllliJes 6Q3,188 140,745 Unrestricted Inccrfne Funds 140,74S Silverstone Recreational Association Funds bYDu8htlorwd 97,869 42￿76 140,745 107,450 Funds (arrÈd forwafd IS2,045 457.143 140.745 Report of the Trustees for the year ended 31 March 2024 The Trustees present their report al0￿ with the finandal stsfrments for the year ended 31 March 2024. The finarKial ststements have been prepared in accordance wlth the accountln8 policies set out on page 6 and comply wlth the applicable law. Constitutlon and Objects The charity is registered wtth the Charity Commissioners under the number 269521. The charity was established as previously feported through a trust deed dated 31 December 1974. The objects of the charity are the provislon and maintenance of a vlllage hall, recreaJon ground nd facilities ancillary theretoftythe use of the inhabitants of the Parlsh of Slfverstone, wlthout dlstlnctlon of polifjcal, re1￿louS or other oplnions, Indudlng for meetlng5, lectures and dasses and for other forms of recreation and beisur&time ￿CUpatiOn. wlth the ￿lert of Improvir¥ the conditlons of life for the said inhabrtants. Also.to holdthe land and buildi￿S belonging tothe charlty upon trustfor the purposes of a vlllage h311, recreation ground and facilities anollary thertto as aforesaid. Trustees and Governance Five trustees are app￿nted at the Annual Generdl Meeting of the Association to serve fof a perlod ofone year commertinBat the end of the meeting atwhich they areelected and expiring atthe end of the Annual General Meetir8 in the followin8 year. Achievement of the Objert of the Charity The charlty has, for a number of years. successfully achieved the objects and has developed fund5 to enable thls work to continue. In the past year. the officer5 and committee have continued to 5teerthe Assooation on a fi5calty 50und path. Financial Review The attached papev5showthe resultotactrvltkes undertaken inthe pastyear. An increase in assets of 2468.443 has been athteved. Silverrtone Recreational Association Notes to the Financial Ststements for the year ended 31 March 2024 Net Transfers mcvement between At 01104n3 in funds funds 31103124 Unrestrlcted funds General fund 97.869 511.319 609.188 Restricted funds Football Foundation West Northants Councll Facilltses Development (3256) 3256 46.132 42.870 140.745 1321 (42,876) 468.443 Net movement in fund5, irKluded In the aboNE are as follows.. Total funds 609. 188 Resourtes Capttal Movement Incoming resources expended Expendlture In funds Unrestricted funds General fund 116.536 {62.360) 457.143 511,319 Restrirted funds Football Foundayon 214267 (211.011) 3,256 West Northants Coundl 200,((KI (2￿.{￿)0) FacIli￿eS DeVelO￿ent {46.132) (46,132) 414267 (457.143) (42,876) Total funds Movement in funds 530.803 {62Jrfl) 468.443 Sllverstone Recreational Association Approved by the Trustees and signed on their r. behalf by- M Na5h- Chairman C Harrison-Treasurer Date: ij Charlty Number: 269521 Financial Ststements for the year ended 31 March 2024 Contents Page Reference and Idmlnlstrnfve InfomMty(x) Report of the Trustees Independent Examlners Report to the Trurtee5 Ststemtnt of FlnancSal Actfvlttes Balance Sheèt Notes to the Financlal Statements