REGISTERED CHARITY NUMBER.. 274292 REPORT OF THE TRUSTEES AND UNAUOITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR EARLS COLNE RECREATION GROUNO LB Group The Ortagon Suite E2 Middleborough Colchester Essex COI ITG
EARLS COLNE RECREATION GROUND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Indèpendènt Examlner's Report ststèment of Financial Artivitiès Balance Sheet Notes to the Financial Statements 8 to 19 Detailed Statement of Financial Artivities 20 to 21
L4RLS COLNE RECREATION GROUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees preseni their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in atcordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectrve l January 20191. 08JECTIVES AND ACTIVITIES Oblective5 and alms for the public benefit The objective of the charity is to provide sports and recreational facilities to the general public. The key aim is to ensu that as many people as possible are able to benefit from the facilltles that the charlty can offer. The trustees have reviewed the outcomes and achievements of our objectives and activities for the year, to ensure they remain focused on our charitable aims. and continue to deliver benefits to the public. We have complied with the duly under the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. There is an accepted bellef by society that it is important that people of all ages are able to exercise and lead a healthy lifestyle. The eharlty is able to play a role in this by providing facllities to help ensure that the general public can lead such lifestyles. The buildlng conslsts of a two badminton court sports hall. two squash courts, lounge bar, a designated fitness suite area, tommittee room, two sets of thanging rooms and toilets. reception area and kitchen. The outside ground5 in¢lude a football pitch, football training arèas. tennis courts. cricket ground, and a Multi-use Games Area IMUGAI for sports including football, walking football. nètball, walking netball and cricket training. The facilities that the charity ha5 are open to all members of the general public on a subscription basis which includes day passes. The fees are 5ubsidised as rnuch a5 P055ible by the charitv. The following clubs make regular use of ihe facllities that the charity offers.. Earls Colne Cricket Club Earls Colne Football Club Earls Colne Tenni5 Club Earls Colne Sgua5h Club Earls Colne Badminton Club North Essex Table Tennis School Halstead Town Foctrtball Club Dlmensions Trampoline Club This is a wide mix of clubs offering a wide range of different sport5. Being part of a club can give an Indlvldual a sense of identity and certainly in the case of younger children can build confidence and introduce new friendships. There is Iso a belief that, for younBer children and teenagers. being part of a sports club can help towards combatting nt150¢ial behaviour, as it glves a meaningful purpose to devote their time to. A further range of class activitie5 take place at the re¢reatlon club enabling all ages to enhance their health and well-being includin8 indoor bowls, bounce, yoga, art, toddler gymnastics and rugby tots. Alongside the regular elubs and activitles, the charlty providès a base to meet the thriving local dernand for school holiday day tramps including fotstball, tennis, mvlti-sports, squash and art. The charity also provides a facility for the local community to use for social needs including children's parties, events such as the Four Colne's Show, coffee mornings and village get tO8ethe¥s. The charity also recognises the importance of facilities such as the Club in difficult times, becoming a designated 'warm bank, for those community members that need it. Page i
EARLS COLNE RECREATION GROUND REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2024 ACHIEVEMENT ANO PERFORMANCE Charltable actl¥ltle5 The overall linancial position for 2023-24 was net income of £43,295, compared with a net loss of £21,453 for the previous year. This net income has been reinvested into a new tennis club pavilion. As in previous years, the underlyinB trading position remains challengin8. The unrestricted fund net income was £5,812 12023.. net income £13,3781. In spite of a difficult few year's recovering from the pandemic. the Club has enhanced its facilities as previously noted, with the trampoline storage area. the MUGA and changing rooms which are all well estsblished and 15 currently constructing a tennis pavilion. The cash position of the charity is also stable which the trustees are pleased to see and expect to continue throughout the nexi financial year. We continue to explore new sources of income and have launched a Café providing breakfast and lunch options, and open to the whole area of benefit. These improvement5 are crrtical to attractin8 new members to the Club and increasing the Club's standing as a community asset for Ear15 Colne and the SuTrondIng aTeas. For the current year, the fru5tees expect that the trading p051tion will continue to remain similar to this year. and we continue to monito¥ the financial position on a monthly basis. Whilst there has continued to be a measured approach to non-essential expenditure, the trustee5 have continued thè drive to make the ageing building fit for purpose with a focu5 on necessary repairs and renewals. However, it is apparent that any material improvements to the Club will not be possible wiihout Grants and Donations which remains a continuing focus of the Trustees. Thère is still much to do at the Recreation Club, making our facility fit for purpose and enticin8 for future mernbers of our community. It remains essential that all the individual clubs who use the charity's facilities promote the ECRC 'Onè Club. approach. so that everyone pulls together for continued operation of us all in these uncertain time5. Finally. the Trustees would like to thank the ECRC'S manager Sue Freear, and her team, for another sut¢e55ful year and have no doubt this good work will continue for the rest of 2025 and beyond. FINANCIAL REVIEW Investment policy and obledives At 31st MaTch 2024 the investment policy continued to be to maintain reserves in an interest bearing account with Barclays Bank. as well as £18.000 invested in National SavinBS Bonds. Reserves policy The total incoming resources for the year amounted to £3trJ,947 12023.. £209.3121. Expenditure for the year amounted to £2S7,65212023.. £230,765) which brou8ht a profit for the year of £43,29512023'.a loss of £21,453). The chaiity holds re5erve5 in order that levels of service provided for the hire of sports leisure facilities may be maintained should there be a reduction in incoming resources. Reserves in this context rnean funds that are freely available for the purpose of the charity after all commitments have been met. In addltion to such 'unrestricted reserves" the charity may also hold additional 'restrieted reserves" such funds represent funds donated for a specific purpose which cannot be used for anythSng other than the purpose for which they We donated. The ¢harlty had unrestricted reserves of £525.657 12023= £519.8451 represented by net current assets of £72,206 12023..£61,8061 and fixed assets of £461,47912023-. £458.0391 and creditors over one year of £8,028 at the year ended 31st March 2024. Such reserves represent approximately two years expenditure subject to asset financin& Page 2
EARLS COLNE RECREATION GROUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 MARCH 2024 FUTVRE PLAN5 The Trustee5 are focused on continuing to improve the flnanci31 posltion ol the Club whilst continuing to provide top class facilities to the local community. We recognise that future material improvement5 will require 8rant income and this is an on80ing focus of the Trustees. Work is in hand to règularise ihe ownership of the Land and asset5 of the charity by regi5terin8 the holding with the land Registry and ensuring that it is vested in the names of current Trustees. The next step to providing a more robust structure to the charity will be to e5tabli5h a Charitable Incorporated Organisation by the end of the Financial year 2025126. We will also be focussing on expandin8 the objects of the Charity to reflect it5 Status as a Community Centre as well as a Spa for sporting activities, which should make the charity more attractive to funders. At the time of writin& the Tennis Club Pavilion has been completed. and it5 improved facilities are provlng to be beneficial to the club and will do 50 for many years to come. Having diversified to the provision of café facilities to the community. proof of concept and some practieal learnin8'S have been taken on Board, and it goes from strength to strength. and is attracting more people to the premises, increasing awareness of the facilities and contributing to growing income. STRucfuRE. GOVERNANCE AND MANAGEMENT Governing document The charity is contrtslled by its governing document, a deed of trust and ¢ons¢itutes an unincorporated charity. The Earls Colne Recreational Ground Trust was established by a Deed of Trust dated 24th August 1977 and approved by the Charity Commissioners as a registered Charity on 23rd September 1977. The charity trades under the name of the"Ear15 Colne Recreational aub" A manaBernent committee representing the organi53tions using the facilities admrnisters the club. Rètruitmènt and appolntmènt of new trustèes All Trustees are briefed on their responsibilities as tru5tee5 prior to their acceptance of the role. Trustee5 Other than ex-officio trustee5 5h311 hold office for three years or until a Successor is appointed and shall be eligible for re-election. OrganItIOnal structure The Trustees hold meetings every two months at whith decisions are made. Risk manzBement The Trustees have a duty to identify and review the risk5 to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable a55urance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 274292 Prlnclpal address Green Farm Meadow Halstead Road Earls Colne ColchÈstef E55ex C06 2NG Pa8e 3
EARLS COLNE RECREATION GROUND EPORT OF THE TRUSTEES FOR THE YEAR ENDED31 MARCH 2024 Trustees Mrs S Thomp50n-Arnold Iresigned 1112120231 Mrs L F Bradford (resigned 318120231 D E Cooney D Mccubbine D Masterson (resigned 1112120231 Mrs G R Mccubbine (appointed 119120231 T Smith (appointed 25110120231 Mrs Z Thompson-Arnold lappointed ty8120241 Mrs S E H Emerson (appointed 319120241 Mrs C E Wootton lappointed 319120241 Mrs K McGibney (appointed 319120241 Independènt Examinèr LB Group The Octagon Suite E2 Middleb¢rough Colchester Essex COI ITG INDEPENDENT EXAMINER The trustees intend to ask the visiting independent examiner to undertake the independent examination of the charity in the followin8 year. Approved by order of the board of trustees on 24 January 2025 and signed on its behalf bv.. D E Cooney- Trustee Page 4
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEESOF EARLS COLNE RECREATION GROUND Independent examlner's report to the trustees of Earls Colne Recreation Ground I report to the charity trustees on my examination of the accounts of Earls Colne Recreation Ground Ithe Trust) for the year ended 31 March 2L124. Responsibilities and basi5 01 report As the charity trustee5 of the Trust you are responslble for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Direction5 given by the Charity Commission under Section 14515llbl of the Act. Independent examiner's statement Since your Charity's gross income exceeded £250,000 your examiner must be a rnember of a listed body. I can confirrn that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountant5 in England and Wales. which is one of the listed bodies. I have ¢(Impleted my examination. I confirm that no rnaterial matters have come to my attention in ctsnnection with the examination 8ivin8 me eause to bèlieve that in any material respect.. accounting recor¢Js were not kept in respect of the Trust as required by Section 130 of the Act,. or the accounts dL) not accord with those records.. or the accovnt5 do not comply with the applicable requirements concerning the form and content of accovnts set out in the Charitie5 IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fatr view which is not a matter considered as part of an independent examination. I have no concern5 and have come across no other matters In connectlon 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. Andrew Robert Graham Green LB Group The Octagon Sulte E2 Middleborough Colchester Essex COI ITG Date.. J4lilLr Page 5
EARLS COLNE RECREATION GROUND STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 24,003 61,680 85,683 32,338 Charltable artl¥liies Hire Charges Sales Children's Activitie5 Miscellaneous Income 78.873 103.714 908 26,233 78,873 103.714 908 26,233 76,929 85,687 1.239 10,126 Other trading activities Investment income 4,005 1,531 4.005 1,531 2.677 316 Total 239,267 61,680 300,947 209,312 EXPENDITURE ON Charitable activities Overheads Cost of sales Repairs and maintenance 141.125 72.640 19.690 24,197 165,322 72,640 19,690 151,427 52,617 26,721 Total 233.455 24,197 257,652 230,765 NET INCOMEIIEXPENOITUREI 5.812 37,483 43,295 121,4531 RECONCILIATION OF FUNOS Total funds brought f0rw3rd 519.845 173,998 693,843 715,296 TOTAL FUNDS CARRIED FORWARD 525.657 211,481 737.138 693.843 The notes forrn part of these financial statements Page 6
EARLS COLNE RECREATION GROUND BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total funds Unlestrlcted fund Restricted fund5 Notes FIXED ASSETS Tangible assets Investments li 12 443,479 18,1)00 194,145 637,624 18.000 S87,549 18,000 461,479 194,145 655,624 605,549 CURRENT ASSET5 Stock5 Debtor5 Cash at bank and In hand 13 14 15 4.455 4,235 91.854 4.45S 4.23S 109,190 4.201 1,423 95,429 17,336 IIyJ,544 17.336 117,880 101,053 CREDITORS Amounts falling due within one year 16 128,3381 128.3381 112,7591 NET CURRENT ASSETS 72,206 17,336 89,542 88,294 TOTAL ASSETS LE55 CURRENT LIABILITIE5 533,685 211,481 745.166 693,843 CREDITORS Amount5 falling dsje after more than one year 17 18.0281 18,0281 NET ASSETS 525.657 211,481 737.138 693,843 FUNDS unstrICted funds Restricted funds 19 525.657 211.481 519.845 173,998 TOTAL FVNOS 737,138 693.843 The financial statement5 were approved by the Board of Trustee5 and authorlsed for issue on 24 January 2025 and were signed on Its behalf by.. D E Cooney- Trustee D M¢Cubbine- Trustee The notes form part of these financial statements Page 7
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basrs of preparlng the ff nanclal statements The financial statements of the charity, which Is a publlc benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accountin8 and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical tost convention, with the exception of investments which are included at market value. The charity has complied with the SORP 2019's provisions that are currently in effect. Intome All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. St is probable that the income will be received and the amount can be measured reliably. Income for annual memberships Is recognised fo¥ the period it is reived. Grant5 obtained where the paymènt is made to secure the provision of particular services are included within charitable activities. Expenditure Liabilities are recognised as expend*ture a5 500n as there is a legal or constructive obligation committTng the charity to that expenditure, it 15 probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been cla55ified under heading5 that aggregate all c05t related tg the category. Where costs cannot be directly attributed to particular headings ihey have been allocated to activities on a basis consistent with the use of resources. Charltable artivities Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the Charitv. These costs, where not wholly attributable, are apportioned between the taiegories of charitable expenditure in addition to the direct costs. The total costs of each category expenditure therefore include support costs and an apportionment of overheads. Governance costs Governance costs comprise all costs attributable to ensuring the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs. Tanglblè flxed assets Depreciation is provided at the following annual rates in order to write off each asset over it5 estimated useful Itfe or, if held under a finance lease, over the lease term, whichever is the shorter. Fitne55 5Ulte equiprnent and MUGA pitch 20% on reducing balance and Straight line between 10 to 15 year5 20% on reducing balance Fixtures and fittings The LED li8ht5 are depreciated over the shorter of the expected useful life of the asset or the length of the hire purchase lease. Land and buildings are not depreciated due to the high level of maintenance undertaken on the building each vear. Page 8 continued...
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued Stocks Stocks and work in progress are valued at the lower of Cost and net realisable value, after making due allowance for obsolete and s5ow moving ilems. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Tamation The Chaflty is exempt from tax rjn its charitable aalvities. Fynd accounting Unrestricted fund5 can be used in accordance with the eharitable objectives at the discretion of the trustees. Restricted fund5 can only be used for particular restricted purposes Wlthin the objects of the charity. Restrictions arise when speclfied by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hlre purchase and leaslng commitmerrts Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finante leases are depreciated over their estimated useful lives or the lease term, whichever is shorter. The interest element of these obligations is charged to the Statement of Financial Attiwtles over the relevant period. The capital element of the future payments is treated as a liability. Irrecoverable vat Irrecoverable VAT is charged against the category of resources expended foT which It was Incurred. Debtors and Creditors withing one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arislng from impairment ale reco8nised in expenditure. DONATIONS AND LEGACIES 2024 2023 Annual membership fees Day membership fees Donations Grants 20,510 2,327 15,955 46,891 18,263 3,151 1.324 9.600 85.683 32,338 Summary of annual memberships paid at 31st March 2024. 3110312024 3110312023 Famlly Sin8le Junior OAP family OAP single 91 141 136 19 96 95 129 134 16 54 Page 9 continued...
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES- continued 483 428 Grants received. included in the above. are as follows.- 2024 2023 Other Grants Braintree Distrlct Council Enovert Comrnunity TTUSt ESC Lottery Fundin8 E55ex Comrnunity Fund soo 6,891 40,000 2,SOO 6.600 46.891 9.600 OTHER TRADING ACTIVITIES 2024 2023 Fundraising events 4,005 2,677 INVESTMENT INCOME 2024 2023 National savings incomè bonds Barclays deposit interest 543 988 236 1.531 316 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Aclivitv Squash Hire Charge5 Sports hall Hire Charges Tennis courts and muga pitch Hire Charges Sports equipment Hire Charges Other activities Hire Charges Fitness suite Hire Charges Bar hi¥e Hire Charges Bar Sales Sports equipment Sales Ice cream Sales Parties & childrens activities Children's Activities Food Mi5cellaneov5 Incorne Coffee rnachine Miscellaneous Income Other actlvities Mistellaneous Income 19,862 42,383 5,798 40 3,939 5.878 973 99,380 398 3.936 908 11.750 14.356 127 18,466 40,643 4,663 70 5.049 4,888 3,150 82,876 335 2,476 1,239 864 9,242 20 209,728 173,981 Page 10 continued...
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR ThE YEAR ENDED 31 MARCH 2024 CHARrrABLE ACtIVlTIES COSTS Support costs Isee note 71 Direct Costs Totals Overheads Cost of sales Repairs and maintenance 125.300 72,640 19.690 40,022 165.322 72.640 19,690 217,630 40,022 257.652 SUPPORT COSTS Governance costs Overheads 40.022 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for ihe year ended 31 March 2023. Trustees, expenses There were no tru5tees' expense5 paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 2024 2023 Wages and salaries Social security costs 97,063 1.075 74,552 1,320 98,138 75,872 The average monthly number of employees during the year was as follows: 2024 15 2023 13 Employees No employees received ernolument5 in exce55 of £60,000. Page 11 continued...
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THEYEAR ENDED31 MARCH 2024 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrestricted fund Restricred funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 23,239 9,099 32,338 Charitable activltles Hire Charges Sales Chlldren's Aalvlties Miscellaneous Income 76.929 85,687 1.239 10,126 76,929 85.687 1.239 10.126 other tradin8 activities Inve5trnent income 2,677 316 2,677 316 Total 200,213 9,099 209,312 EXPENDITURE ON Charltable activitie5 Overheads Cost of sales Repairs and maintenance 112,142 52.617 22,076 39,285 151,427 52,617 26,721 4,645 Total 186,835 43,930 230,765 NET INCOMEIIEXPENDITUREI 13,378 134,8311 121,4531 RECONCILIATION OF FUNDS Total funds brought forward 506.467 208,829 715,296 TOTAL FUNDS CARRIED FORWARD 519.845 173,998 693.843 Page 12 continued..
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ii. TANGIBLE FIXED ASSETS lrnprovements to Freehold property Car park extension Football property COST At l April 2023 Additions 358.793 26,837 12,667 80,037 At 31 Marth 2024 358,793 26,837 12,667 80,037 DEPRECIATION At l April 2023 Charge for year 33,080 9,392 At 31 March 2024 42,472 NET BOOK VALUE At 31 March 2024 358.793 26.837 12,667 37.565 At 31 March 2023 358.793 26,837 12.667 46,957 Fitness suite equipment and MUGA pitch Fixtures and fittlngs Assets under construction Totals COST At l April 2023 Additlons 122.112 16.150 162,956 2,409 763,402 79.861 61,302 At 31 Mar¢h 2024 138.262 165,365 61,302 843,263 DEPRECIATION At l April 2023 Charge for year 36,772 8,605 106,001 11,789 175,853 29,786 At 31 March 2024 45,377 117,790 205,639 NETBOOKVALUE At 31 March 2024 92,885 47,575 61,302 637.624 At 31 March 2023 85.340 56,955 587,549 No depreciation has been charged against the freehold property. football or car park extension as the trustees believe the residual value of the assets to be in excess of cost. Pa8e 13 continued...
EARL5 COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 ii. TANG18LE FIXED ASSETS- ¢ontinued Fixed assets, included in the above, which are held under hile Purchase contract5 are a5 follows.. Fitness Sulte equipment and MUGA pitch COST Additlons 9.859 DEPRECIATION Charge for year 986 NET BOOK VALUE At 31 March 2024 8,873 At 31 March 2023 12. FIXED ASSET INVESTMEKrs 2024 2023 National savings bonds 18,000 18,000 There were no investment assets outside the UK. Investments Ineither listed nor unlisted) were as follows.. 2024 2023 National savlngs bonds 18,000 18,000 13. STOCKS 2024 2023 Bar Sports equipment 4,455 4.059 142 4,455 4,201 Page 14 continued...
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENOED 31 MARCH 2024 14, DE8TORS: AMOUN7S FALLING DUE WITHIN ONE YEAR 2024 2023 Othef debtors Prepayments 2.822 1.413 35 1,388 4.235 1,423 15. CASH AT BANK ANO IN HAND 2024 2023 Other restricted funds General fund Fixed Assets Total fund5 Total funds Cash in hand Current account Bank account no. 3 8CKI 31,361 59,693 800 31,361 77.029 800 15.9l6 78.713 8,482 8,854 Total 91,854 8,482 8,854 109,190 95.429 16. CREDtTORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Hire purchase (see note 181 Trade creditors Social security and other taxes VAT Other creditors Accruals and deferred income 1,328 9,208 3,564 1,494 10,568 2,176 1,317 6,630 2,088 542 50 2,132 28,338 12,759 17. CREOITORS.. AMOUNTS FAiLING DUE AER MORE THAN ONE YEAR 2024 2023 Hire purchase (see note 181 8,028 Page 15 tontinued...
EARLS COLNE RECREATION GROUNO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 18. LEASING AGREEMENTS Minimum lease payrnents under hirè pvrchase fall due as follov4S'. 2024 2023 Gross obligation5 repayable.. Within one year Between one and five years 3.063 10.720 1,317 13,783 1,317 Finance charges repayable.. Within one year Between one and five years 1,735 2,692 4,427 Net obligation5 paYable= Within one year Between one and five years 1,328 8.028 1.317 9,356 1.317 19. MOVEMENTIN FUNDS Net movemènt in funds Transfers between funds At 3113124 At 114123 Unrestrlcted funds General fund 519,845 5,812 525,657 Restrlcted funds Fixed Assets Other iestricted funds 155.392 18,606 25,933 11,550 21,302 121,3021 202,627 8,854 173.998 37,483 211,481 TOTAL FUNDS 693.843 43,295 737,138 Page 16 continued...
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS- continuèd FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS- contSnued Net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 239.267 1233.4551 5.812 Restricted funds Fixed Assets Other restricted funds 47,390 14,290 121,4571 12,7401 25,933 11,550 61,680 124,1971 37,483 TOTAL FUNDS 300,947 1257,6521 43,295 Comparatives for movement in funds Net movement in funds At 3113123 At 114122 Unrestrirted funds General fund 506.467 13,378 519,845 Re5tricled fvnds Fixed Assets Other rè5trirtÈd funds 192.178 16.651 136.7861 1,955 155.392 18.606 208.829 134.8311 173.998 TOTAL FUNDS 715,296 121,4531 693.843 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlrtèd funds General fund 200,213 1186.8351 13,378 Restrirted funds Fixed Assets Other restricted funds 2,499 139,2851 14,6451 136,7861 1.955 9,099 143.9301 134,8311 TOTAL FUNDS 209,312 1230,7651 121.4531 Page 17 continued...
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS- continued A current year 12 months and prlor year 12 months combined position is as follows.. Net movement in funds Transfers between funds At 3113124 At 114122 UnrÈstrlded funds General fund 506,467 19,190 525,657 Restrlctèd funds Fixed Assets Other restritted funds 192,178 16,651 110,8531 13,SQS 21,302 121,3021 202.627 8,854 208.829 2,652 211,481 TOTAL FUNDS 715.296 21.842 737,138 A current year 12 months and prlor year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resource5 expended Movement in funds Unrestrlcted funds General fund 439.480 1420,2901 19,190 Restrlcted funds Fixed Assets Other restricted funds 49.889 20,890 160,7421 17,3851 110,8531 13,505 70,779 168.1271 2.652 TOTAL FUNDS 510,259 1488.4171 21.842 The Restricted Funds are made up of £203.047 which is a fixed a55et fund and £11,594 which is an other restricted fund. The fiyed asset fund has been recèived from restricted grants and donations for capital items. Thi5 relate to specific as5et5 which sit on the balanee sheet such as a MUGA pitch, trampoline storage, changing rooms and LED lighting, and an asset in construction. The other restricted fund has been received from Earls Colne Tennls Club and is for tennis facilities and repairs to the tennis courts as and when they are requireil. The Unrestricted funds are represented by net current 3$5ets of £63,243 and fixed assets of £461,479 le55 a HP liabllity of £8,028 and the reserves represent approximately two years expenditure subject to a55et financing. Page 18 continued...
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 20. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Pa8e 19
EARLS COLNE RECREATION GROUND DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDE031 MARCH 2024 2024 Total funds 2023 Total fvnd5 Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Donatlons and le8acles Annual membership fees Day membership fees Donations Grants 20,510 2,327 1,166 20.510 2,327 15,955 46,891 18,263 3.151 1,324 9.600 14,789 46,891 24,003 61,680 85,683 32,338 Other tradlng actlvFtles Fundraising events 4,005 4,W5 2,677 Inve5tmÈnt income National savings income bonds Barclays deposlt interest 543 988 543 988 236 80 1.531 1,531 316 Charitable artivitie5 Squash Sports hall Tennis court5 and rnuga pitch 19.862 42.383 5.798 19,862 42,383 5,798 18,466 40,643 4,663 F I li Bar Sports equipment Food Ice cream Parties & childrens attivities Coffee machine Other activities Fitness suite Bar hire 99.380 438 11.750 3.936 99,380 438 11,750 3,936 908 14,356 4,066 5,878 973 82,876 405 864 2,476 1,239 9.242 5.069 4.888 3,150 14,356 4,()66 5,878 973 209,728 209.728 173.981 Total Incomlng resources 239,267 61,680 300,947 209,312 EXPENDITURE Charltable artivities Wages Fitness instructor5 Light and heat Fundraising and advertising Carried forward 97,063 1,075 45 I,ooi 99,184 97,063 1,075 45 I,ooi 99,184 74,552 1,320 121 2.315 78,185 This page does not form part ol the statutory flnan¢lal statement5 Page 20
EARLS COLNE RECREATION GROUND DETAILED STATEMENT OF FINANCIAL AUIVITIES FOR THE YEAR ENDED31 MARCH 2024 2024 Total funds 2023 Total funds Unrestrict funds Restricted funds Charrtable actlvitles Brought forward Bar purchases Sports equipment purchases Food Costs Ice cream purchasè5 Repairs and maintenancè Waste Bank charges Rates Electricity Gas InsLtrance Postage and stationary Telephone aeèning Sky television Mis¢ellanetsus Vending machlne Computer costs Con5ultancv Subsciiptions and licences Cafe consumables Cafe ctsntrattors 99,184 55,265 533 6.710 2.754 9,103 1,556 5,249 374 11,799 1,985 2,114 337 975 772 6,418 492 3,560 1.711 127 1,129 1,173 1.570 99,184 55,265 533 6.710 2.754 11,843 1.556 5.249 374 11.799 1,985 2.114 337 975 772 6,418 492 3,560 1,711 127 1,129 1,173 1,570 78,185 45,851 979 1.684 25.424 1.297 2.464 1.626 12.461 3,885 4,127 127 728 973 6,124 756 2.783 678 2.740 1,254 214,890 2,740 217,630 191,406 Support ¢osts Governancè costs Independent examiners fee5 legal fees Depreciation of tangible fixed assets 9.025 1.212 8.328 9,025 1,212 29,785 7,250 21,457 32,109 18,565 21.457 40,022 39,359 Total resources expended 233,455 24,197 257.652 230,765 Net (èxpendlturelllncome 5,812 37,483 43.295 121,4531 Thi5 page does not form part of the statutory financlal statements Page 21