Charity r•glstv•tlon nuMr274292 IErt914nd and W*l••l EARLS COLNE RECREATION GROUND ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
EARLS COLNE RECREATION GROUND LEGAL AND ADMINISTRATIVE INFORMATION Tru•t••• Mr D NtCubtsn8 Mr D E Coomy Mrs G R McCubbTh MrT Smith IApp¢inl¢d 3 S¥plwnb 20241 (Apwntsd 3 Septornb•r 20241 (Appolntsd 1 August 20241 MrsCEWr Ch•rlty nurnb•r IEnglnd and Tllth¥l 274292 Prln¢lp•l •ddr• Hatslead Ro E•rf$ C¢lnè E$5ex EThJL8nd C06 2NG Ind•p•nd•nt •xamln•r Afflnw (Halsteadl Tho M•lb'n9S Hal8lead Éss•x C09 1HZ
EARLS COLNE RECREATION GROUND CONTENTS Twstee's rewt Ind8ptsndent •xan4Mf$ r•pcfft Stst*m¢nl olfirtondl oeiMoo$ Statemenl Offrnd posl Not•• lo the statoments 7-21
EARLS COLNE RECREATION GROUND TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Iru8tees present Ihwr onnual reFryt and financid Blatem8n15 knr y•arénd8d 31 March 2025. Th8 flnanclal ststements have been prnpared in accordm with Ihe actounling P)1•5 set OLbt In note 1 to th• finaneiAI statsMlS and cOMY th lh• gov•ming d0MOn1, tho Chwibes Act 2011. FRS 102 The Financial Repth'ng Standard aFplicat4e in the UK aTrJ Repuilic of Irela arKI tho Charttles SORP "Accounung and Reporting by Charities.. Statement of R8commend8d Practice ¥iCable to tharities preparing thelr ae&)unts In accordance the Finanaal Reportirvj Standard 8wlicable in the UK and RapuWi¢ ol Ireland IFRS 1021.. ObJo¢tbves and actl¥ltl•• The ¢)bjecbvg of the charity i¥ to provrfbg 8pyts ond rècrè8thA l•S to g•n81 wtblk and a key alm is to onsura that as many pIe as possibl• are aile to benefft frryn lh¥ ts¢41ths thal the can off•r. Thè trust••s hav• w•wed the outeomos and xhlevements ol our obiects¥es aThJ acbwb8$ for the yaar. to ensure they r8rn&n fsed on our charilabkn aims, an(1 contwiu8 to d8lNer Traffts to thè publSc. W• ujmplknd th Iho duty under the Chariis kt 2011 to have ward to wbk beneffl gukJanc8 publlshéd by th• cOmn$s10n. Thè charfty pro89 larAlitie8 to 8nabl• tho general puts1 to pursuo 4 varw of and beisurn aetlwllej. Th•so Include a sports h81, squash cthts. bar, a desgnated 1kn088 suile woa, ¥ets of focms ond loiletB, ree•ption aw and kn1¢h. Tho Outgkle grounds Indude o f)Iball ptth. footwl ts•iwMfd arnas, t•nnis ctyjrts, trlck•t ground, and 8 Multi U8e Gamo8Aroa for swts includry Icy)IWI, waIn9 fooujall. ngthol. wln9 nOlb01 and ¢ck•t trainlng. Thg facilrties that lh• eharity h88 arn op•n to all menkns of the gerwal pu on a Wb8cryti b9815 vthkh indud?¥ day pa8S8s. Tho f••s Ar• bdIs0o as much 8$ rsiN0 by the charity. A number of dub8 moko (tyur u¥e ol Iho fAcMhl•8 that th• off•r8 and IrK4ud•'. Earls Cdne Cfkket Club Earfs Colno Football Club Earfs Coln• TennSs Club Eèrfs Colnè Squash Club Earfs Colne Badrninton Club North Essex Table Tennis Scho Halstead Town Footbal Club Dimenslons Tram1n8 Club Thls a wldè mix of off6NJ a ld of d6ffwent spoils. Bekng part of a dub can glvg an IndIu¥l sense of Idgntity and certainty in th8 case ol ywnger thildren can bJild confidence and Intrcxjuce new frnd$h5pB. A further ran9e of clas¥ take ai Ihe racreation dub onabling all ages to enhaThx thelr health and wdlknlrvJ Including Indcw bots. TrC•. yvga. art. tojdlgr gyrnn•s and Ngbms. AIon9$hl& th8 regular dub5 and activthes, Ihe chanty pww.des a base trj nxet the thriwry I1 d8rnand for 5th001 holiday day carnps induding fDJtb811. tenni5. multi-sptrts. squash ¥J art. Th• Charity 90 prowdes a laulty for the loc81 WTmurwty lo use for 81 na8d8 indudlng chlldren's part. events such as the Four Colnes Show coffee nKJmiTrJs and vi11898 get lojethws. Tha charty a150 recogni5e5 th importance of faciliti&s such as th$ CJb in drf[Utt kn"mes. becomiryj a de8wJnatwJ Ivann bank, for thosa community member5 that need rt. Durfng the year the Cjub ha¥ open8d a café whKh is grcr•ring kn powlarfty, prowding c1xnpetVe1Y prird brèAkfost¥. lUeS, hot drinks and snack8 and new usèrs to Ihè thb, a6 wem a6 incr8a6ing trad8 OUt8bda of bar houts. PublK benefit The trustees have paid dug regard to guidarKe issuJ by the CW Con¥n1MM in dgadiThJ WItl xtivibes th8 charlty ShJId undertake.
EARLS COLNE RECREATION GROUND TRUSTEE'S REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢hS•v•m•nl• •nd p•rform•n¢• Signffjcant 8ctiwties and oehi6vem6nts ag8inSt 04clNes Tha ovarall finAntsal pos¢tion for 2024-25 was not expend of £53,587, Lxynpwed with a net inDJrM of £43,295 for tho prewous yeer. Thi$ in¢4)mo was lar99ty as a r•6utt of donabon8 and 9rants in ra8POCt of the new tenni8 club pawlion which has been completed. As in pwious years, th? undetyrva trading P)5rtion remains thallenging. Tho unr•$lrtted fund net expeThJtse was £20.78412024'. net incorr £5,812). In spite 01 a difficuA 18w year5. rstovonThJ fTom Iha pandemK. the Club has enhanced its la¢11 as pwously noted. wkth thè trampolin• storag• arna. th• MUGA changlng rocrfns and tonnls pavllion. The irnprovements aro cribcal to attraclin9 membw5 to tb and Inu•asing th• Club's staTrJing a8 a eommunlty a$s•l for Earfs Cdne and the sunoun¢Yn9 areos. The ca8h posrtlon of thg ¢hoty rgmothl rg191fvgly $t4bte whk tho trust••s ar• pa$•d to and expect to conllnue Ihrough¢wt Ihe next finanaal year. For Ihg rrent year, Ihe Tw$tees expect that th• tradlng posllon wlll b• sirnllar to last year. and we c¢xlinue to InItOr the finanrjal swllon on a r8gular b$. WhI18t Ihom h•8 0)n16nu•d to bo a moa8w•d apwo8th to 8yndtyr•. the tyuit•èi ha contlnu tha 10 maka th• agoiNJ buihying flt lof wrpose a fwjs on nec4s6ary repairs and rengwals. Howgvgr, It 18 appar•ni Ih•t any m•torfal Improv•monts to th• Club VAII not be poss)1& wAthoth Grants arKI Donaoons whi rgmaln$ J continuln9 fow$ of ts Twstg0¥. There is 8b"Il rnwh to th) at tho Club, rn&kn'r¥J our faulty frt for wrpjse and èntiang for future membors of aur eommunty. It f•mèlns •ss•nts•l th•t all the indNidual dubs wtho thg chartty3 f8dlibgs promote thg ECRC 'Ong Club. approach, so that •v8ryoM for conliTrJed operation of us 011 in Ihese un¢•rtaiTh b'mgs. Finally. the Trustees ¥Id likè to thank tho ECRC'S mbnagw Sua Fro8ar, and hor t•arn, for anothw iumsfvl year and no (loubt thij SPXKI Wvrkwill eonlinu? fty the r•8t of 202S and Flnan¢lal r•vl•w Re58rves policy The ¢harty holds resefV•8 In order Ihat ol provid•d th? hir• d spts hlsur• fadlttk•s may b• rnalnlaingd should Ihere bè a rdlIon in r•soure•8. Resee8 in Ihls rran Ihat are fregty for thè pu(po of th8 drtty after al comrnStrnents have In meL In addthon to such 'unrnstrld•d rnseNes'. th• may al hold addrth)nal "reted r888Nè5', iuch r8pre5tnt funds don8t•d for a 8p•dfie rp c4rffjot be used for anfftlrg other than th? purpoiè ft>r %thkh they were donated. The charfty had unre8trlcted re88rveB of £504.873 r8[ml•d by not euryont •ssets of £57.485, flxed As88ts of £453,659 an¢J non ujrrent Ilablie$ of £6,271 at Ihe year ended 31$1 Marth 2025 . Suth r•sarv•s reprèsent approximatety iwo y&ar5 eXpervJrtU subi8ct to assèt finarring. In¥Mtm•nt pollcy and objocVvo¥ Al 31st March 2025 the inv8Strnent pJlKy lned to b? to Ma¥Irt r8s•rv•s in 4n Interest beartng acc4)unt wlth Bard8 Bank. a6 as £18.LKKI invesled in National BoThJs. Plans lor lutur• p•rfjod• The Trustees are f(sed on continuing to improve the finahtial frftho (Jtjb vthdst continuing trj prowd8 top dass lacilrties to the IcKal ts)mmunity. We re¢ogth IW fvrture matla1 improvement5 will require grant Income 8T this is an ongoing focus of the Trustees. To comply wth Charity cornmissn requirements, the Trustèts are thè process of sethng up a separate wholly owned subsidiary which *ill be respongble the activthes of Ihe bar and café. This is expected to begin tradlrKJ In 2026.
EARLS COLNE RECREATION GROUND TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 StruGtur•, g+)v•man¢• •nd mn•ym•nt The tharity limited by guaran. Thè rtharlty Is by b ¥nng docthrnn¢ a dead oftmst wnstlttJt85 an Unlnc(xporaj charfty. The Eads Coln8 Recreati81 Ground Trus1 was 89tablished by a D88d of TnJ5t dated 241h August 1977 and approved by the Chartty CommiNYr$ as a re9iStered chaiity 23rd Soptgmb8r 1977. Th• charfly trades uThJw the name of lh8 'Eart8 CC4 Raoal Club". A managnI gynmiitg¢ rgpr880nting th• organlsalons uslng th• Ixllitles adminlsters the dub. The trustèos whts s•rv•d dUj IM y••r )d to th• d•t• olnatyJr8 ollho financ4•1 staternenls were.. Mr D McCubNne Mr D E Cooney Mrs G R Mccubblne Mr T Srnlth Mrg S E Ern8rson Mrg K McGlbn•y Mfs C E Wootton M168 Z ThompeonvAmold IApwSnled 3 Sepl8mb8r 20241 IAppoint•d 3 S•plember 2024 and roned 23 Juiv 20251 (Winled 3 Sepiember 20241 IApFynled 1 AUll 2024) Re¢rullmenl8ndJppointment oltru$tees All trusiegs are brfgfed on thglr wpon8lbllls a¥ Inwteo5 prlw to th•tr thx•pianc• of th• r•. Trust••8 Olh•r than ex•officio trust5 Jhall hobj olko ts th1 y•w¥ or unll a y#¢T l• aPFtht•d and ghall b• dlglbJ8 for electk)n. Non• of the Iru8te•8 has ary benefidal Interns1 In tho dwty. tho truoe8 Jr• MOMrn ol lh• eJ)arfty and guarant•• to ec1njtO £1 Sn lh8 event crf a lndlTrJ up. Th• companW8 ¢>Jrr•nt pollcy cAtt•mg th• payment ol Irad• cre4JMm Is to fdknv the CBI'S Prompt Puyers Codg leoplè¥ ar• avallabl8 fffjm lh8 CBI, C•ntr• Poh)t. 103 Now Oxtrd Str•oL LmIOn WC1A IOU). Th• compang8 rTant pol5 concemiry the payment of trade ig to.. . s8IU8 Ihe tem)s ol payment wlth SUFWlw3 Tthen agredng the tenng of IrWw¢ti. • onsur• Ihat 8upplbws or• mado 8war• ol Ihe twms of paYffnt by Indus1 of lh¢ rdgvanl tgnn8 th contrpds.. 8nd . pay in Jccordan¢e tAlh thw (¥)mw¥ (wlraclull aThJ l•gal obligaoom. OryanlsationalslnKlure The tru5t8es hold rrnetings ot lèast •¥•ry two monlhs at7•thth d•clslcm are made. Rl•k manwm•nt The Iruslees hav8 a duty to Klenbfy and r8vithY thè iisks to the thanty Is exposed to ensure approprbats controls are in place to wovidg reasrffiable awrarKe agrt fraud and ermr. The In188* report WB¥ apKwov•d by th• Bo#rd crfTnAtee& Mr D MccUne Trust 07 October 2025
EARLS COLNE RECREATION GROUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EARLS COLNE RECREATION GROUND I repxjrt to the trustees on my exanmnakn of lh¢ ffinanLyal stBtemonts of Earfs CL4ne Recrnakn Ground lth? tharityl for th• year ended 31 March 2025. RPOnSIbIlItI•• •nd b•sl• d r•port A¥ th& tru$t¢es of th8 charity yots a restK¥wlt48 Icrf the prepwoliw ol Ihe fina ¥latemgnt¥ In acts)rd8nc• th the requIrernts of thg Ch#riliasAct 2011. I report In r88P¢¢t ol my exarnlna16on tsl carWs ffinancial slatwnents carri out under 58Ction 145 of th• Charitles Ac¢ 2011. In rn9 Out my I h•v• lelch¥•d Iwven ty th• ChaTIty Cornmls5K>n under sethn 145(Sllbl of Ihe Charl$ Act 2011. Ind•p•nd•nt •x•mln•rf •t•t•m• Sinco tho charity's gross incolne excwd•d £250,1, th• ind•pènd8nt •x8mknar mu8t be a member of a body Ilsted in s8Ction 145 01 Ihe Chaiili•s Acl 2011. 1 cfjnftrm that l om qualNl•J to undertake tho examina¢¢on baUs8 l am a rnember of the As1)n of Chartw•d Cwtrfd Acwunlanls. is one ol Ihe tod185. I have complotgd my $x•minakn. I conllmi that Tr) mattern have c(¥n• to my altentk>n kn conrt•don wlth th• e¥8min8tkJn 9ivino me cause lo 11¥• that In any malertal r•8pec¢'. o¢¢¢unting r•eords w•r• not k•pt in rnspecl of the tharity a$ rgqutr•d by 130 01 th• Chaf5ti•1 Aet 2011. lh• finoncial slatements do no¢ ac£ord th088 rewrd5,' or ¢he fln4n¢lal ststèm•nt# do I1 C¢71Y wh the applIcae requlrements conceming lh• fomi and ¢ont•nt of financial slaternentj #ot Out Ih IM Charltios IAceounl8 and Rert8) Rogulations 2008 tsth•r than any r•qulr•ment that the financial ststwngnts 90 • tru• •tKI f8lr vl•w, 1¢h kn Mt a rnatt•r ¢$Jer9d as part tsf an Snda ndont examlnatth. lh8n0 should be ms and haw ccrfne other malkn In eonrt•ckn 1h •xafin•tlon lo attenWon In Ihls r•port Sn Oar lo onablo a pnjper urMJersi•ndlng ol th• finandal stal8m8nts to be reached. Andrew Robort Grah8rn Gre For and on behalf olAffinla IHalste•Jl Th• Mattings Rosemary La Ha18te8d Essex C09 1HZ
EARLS COLNE RECREATION GROUND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Total UnrMtrld•d R•strl¢t•d funds funds 2024 2024 Total lund• 2025 fvnd• 2025 2025 2024 Incom• Irom: Donatiofis and bgaci chatabl adv.&9 Other tradlrvJ acfvllSes Inve8tment• 24,911 242.646 4.279 24.911 242.646 4,279 24.cim 209,728 61,680 85,684 209.728 4.005 1.531 1.$31 Totsl In¢¢xn• 273.658 273.658 239,268 61,680 300,948 EJrp•ndltur• on: Chantat48 8thb•8 294.442 32.803 327,24S 233,4S8 24,197 257.653 Tot•1 •xp•ndltur• 294.442 32,803 327.245 233,4 24,197 257,653 N•1 Incom•ll•xp•ndltur•l #b Mov•nnI In lund• 120.7941 {32,803) IS3.$8n S,812 37.483 43.295 R•¢on¢lll•llon of fvnd•'. Fund balances At 1 April 2024 $2S.857 211.481 737.138 519.845 173.998 693,843 Fund ts•l•nc at 31 M•rch 2025 $04.873 178,678 883,SS1 525.657 211.481 737,138 The s18tgrn¢nl offfinanrial odNttiè8 I•$ am 1n5 ar108••3 recoythd in the year. fvjl IncorT aTrJ gxpendityre dodve Irrmn omtinuirfj a¢ts'vrfw.
EARLS COLNE RECREATION GROUND STATEMENT OF FINANCIAL POSITION AS Af 31 MARCH 2025 Not•• Flx•d as8•ts Tangible a55el¥ Investment8 12 13 801,768 18.C)O 637,624 18,000 619.766 655,624 Curr•nt a•a•ts 14 15 4.455 4.23S 109,190 Debtors Cash at bonk oTrd in hand 2.667 89.g¥)2 95,398 117.880 Cr•dltm: mount• falllnq wlthln on• yw 17 {2S,342) 128,3381 N•t curr•nt a•••ts 70,056 89.542 Tot•1 aM•t• h•• eurr•nt Ilabllltl•• 689.822 745,166 r•dltty•: *mount• l•llltw kn •ft•r mor• than ¢xw y•4r 18.2711 18.0281 N•t ••••l• 683.S51 737,138 Th• funds of th• charlty R•slnctod Income funds Unrosln'dod lund¥ 19 178,678 51M,873 211.481 525.657 fj83.551 737,138 Th• flnandal 8ts1eThnts apwoved by the trustsw on 09.Qctober.2025 MfDECoor Tru•t••
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng polkl•• Chirlty Ib)lOm)l0 Earts Cdno ReL¥ealion Grou[ is a puits tyitity. 1.1 A¢¢outrn0 conv•nOn The fin8nrial ststements hav¢ t¢gn wyred in accordance wilh tho charftys govomlng douJm6nl, the Charfties Act 2011, FRS 102 Tr Financial R8F4)rtiro StaThIa in Ihe UK and Ropubllc ol Ir&Land' 8Th1 the Charities SORP 'Accounling 8ThJ Rewling by Charibes.. Slaternent of R8commondod Prace6 aP1¢abl6 lo chantiès prepaiirvJ thwr acc4yJnts in 84xNdan¢e Ihg Financ4al R8POrting Standard aPicabl$ in th• UK aThJ R•wbk of Irdand IFRS 102r. Th Ltharity is a Put4K Ben•fft Entty 80 dofin¢d by FRS 102. Th• ch•rfty hos tsk•n advantty• crf th• in thg SORP for thariti not to prgpgre a 81otwnont tsl cash flc•ts. The Itstamènts hav• dopart•d th• Charfth [kcnts WKI Rewrt81 Re9ul8Oons 2W8 only to thg ¢xl8nt rgquired lo provld• a trutr and I{ •. Th5$ deparnire has Involved fonowng the Stalernenl of RKornmgnded Praclko lor chArtitis apptylrJ FRS 102 rather than the version of the Statement of Recommendod Praclke th Lq r•leTh•d to In ts R•3uWirw l)utthhth ha• sh)e• b••n vhthdrnwn. Th• financial stalem8nts ar8 prep8r•J in 8terfiThJ. whKh 15 the n(tin of charfty. Monetsry Thg finanual stsi•mènts h8v• bo•n prnpamd under the hIs1C81 cosl umvenbon, ImTrJrfied to Indudo the revoluation ol Iroèhold prop•rtl•s ènd to Indud• knv•sthw)t propeths and rtaIn fln8TrrAal Instruments al falr vakwl. The prfndpol accounj Ok4•8 adopt•d ar• 8•t bel. 12 Golng ¢on¢•rn At tha tim• of appro¥ing lh8 finanual slat•m&nts. th• trust80s have a rgasMalA? OXFeCtation that Ihe chartty h#8 adoqu8t8 rosour¢•s lo eoniinu• In ¢)paratlonal •xlstsnc th• foreseeatAe future. Thus the Irustee5 1.3 Charftsbl• funds Unr•sln'eted funds are available 8¢ th? of the Iru8to¥1 in fLMlh8rnnc• of I[r charftsb R•slrtcied lunds we subpd to spKific li1)n$ by grnnlorn a8 to th•y may be wbthln the objects ol the ¢haMty. The purpoBe8 and u8es ol Ihe r8stri fijnds ar• #•t in th• notes to th• fin•n¢io1 $tat•m•nts. IA In¢orn• Incorne is rew3ni8ed the clwrity Wlty ¢ntiW to it 8ft•r any p0rf0mmn con¢kn have boen rnet. aMnts can t ffasured rellabty. aThJ it woboble that wryll bts r•e•iv•d. Cash donalion$ are r8CO3ntsed on receipt other donath are wnlsed once the tharity has notified of Ihe donabon, unless Ferformance coTrJilJns requirt defeN81 of the amount. Irrne tax rVerable in rdation io donati($ receNed under Gfftd ordeJ5 01 c4)verbart is rethgnised at the Ume ol the donatS0n. LegacK8s arg reCn1j on Tpt or 0th8rwMe rf Ihe carity has noofied of 8Tr Impendlng dlslributbn, the amounl is kThxn, and [&Pl is exped•J. 11 the arnount is not knf7wn. Ihe legacy treated as a conts'ngent at. Grants obtsined where thg Pay1 is made to secure Ihe of pwtit)Jlw serykes are Incljded wlthln charitsble actiwts"es.
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Counry pollcl• (cont1nd} Incorr for annual mgnd)gr¥hips i¥ re¢L¥niwl for ts Fj it 15 received. 1.5 Expendllur• Expendituro Is r•cLyJnis•d crt• thern is a logal or coffalwctthie obllgath)n to transfer econornK benefft lo a third party, it Is probat4e that a transtsr ol ¢conom boneffts wlll be wulred In setuement. and the amount ol thg obligation Can be Tha5ured rdiably. Exwdituro is acctyjnlod on an accnjals basls and has been dassthed undar h&adIr that 8gJr8gate all costs related to Ihe category. Wher• eosts eannot dlrocuy 8¢trlbuted to particular h¢adin98 Ihey have been alIcated to actiwtses on a basis CDn51st8nt with the usè of r88wrc8& Costs of eharftsble acJvttles comfv all eosls Inwrred In the purnurt of the charltaNe oblects of the charfty. Th costs, wh•r8 not WhlY altrtbutthè. are apportloned between the calegwes of Charita18 fjxpenditure In oddition to the diTt¢t cosls. The of cat• •xp8ndrtur• th8rnfor• indudo 8UPPOrt eosts and an apportionment ofoverhowja. Govemanc4 t))8ts comth 811 c08ts altr11t8b1O * omurty ts pullk ac(Xxl8bilty of Ihe charfty and I I41 compliancè with rawlatim and gwod wath"c•. Th•s• costs indud8 CA)sts related to stabjtory audlt and 18g81188s logelhervrilh Bn appment of ovorh•ad and supwl costs. 1.0 Tanglbh flx•d •••ts T8ngible fixed 8s$ets are knthly ot arKI subsequènty mèwjrod at eolt or vduation. n•t of depreclafjcffj and any lryalnnI lossu. D•pre¢laOn 1$ r¢¢ognis•d $0 a$ to wrlt• c41 th• fA)St or Y&lAtJon ol awls ths thdr jaI valwB 0r Ihelr U8•fv1 lfv•• on the forg bary••.' Freehold property Improv•ments io propwty Fix1u and fittings Fib)888 suit• MUGAptch 20% r8duc4ng balar• 20% cffi r•ducJ balwKe and 8traW lkne betsvoen 10 to 15 Footbal Car park ext L8nd ond bUdIng$ arn not d•sxwlat•d du• to lh• Ngh of rnalntenance underten on the eath year. Tho gwn or iswyJ on th• dkipos&l of ass•t is dolem)•d a8 Ihe dlff•ren¢e between the sale proceeds and the carrylng yUe of Ihe a550I and ia rucoynid in Stsleftnt of financA81 aclfvllJes. Th8 LED IwJhts or• d8w8¢iatsd ov•r th• $Irtor011hfr expethl uselul life ofthe aBSet or ihe ofthe hlre purchase leas•. Inveslments held as flxe¢J assets we staled al the market value. 1.7 Impalmwnt of Tr•d •M•ts At 98¢h reporting end date, the Charity review5 the cang arrffyJnt5 of it5 taTvJibltr fixed assob to deterrnine vthether Ihere is any itiOn Ihat those assets have suffergd an irnpaiwrnent loss. W any such indication exlsts. th8 recoverabl• off#yJnt of lh8 asset15 e51kn in OTderto dgleTmI ts extent rflhe irnwrrrnt kn58 Irf anyl.
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢untIng pollcl•s IContlnu•dl 1.8 Stoc• 51(Kk5 4fE 5toled al otcost and esllmat8d Sdllng price kns LY)Sts lo COme(e and sell. after Ina.9 due allow8 for obsolete and sl(x rrK)viThJ items. Cost COVriSeS dired materials aTrJ, wherè applicabl8. direct labour costs and those ovetheads that have been incurred in bringing the stocks to their present locali¢)n and condItn. Item6 held for dislribulM al no or nornind Considwation arg nwsurgd bwgr ol T•8¢&nrtt tosl and cost. Net reall86 vakw is th8 oBtimaled ¥¢lliThJ prKo Igm 01 tslmat•J of ¢mpon and &ist8 to be Incurred In marknJng. selllThJ and dL8trftth. 1.9 Ch ¢4•h •qul¥•l•nt• Cash and eash equfvalents indudts cash In haTrJ. de[ held al caN banks, other $hort-tsrn Ilquld Inve51m8nts wlh original maluritiès ol threo months bss. aTrJ bank erdraft$. 88nk overdraft8 are shryn vAthin t#yrtyk¥Ja In liabilloss. 1.10 Fln•ncl•l In¥trum•nt• Th8 d)arity has to apply ryovlsKJns ol Secllon 11 '8ayc Finantial Instruments, and Sethon 12 'Olhèr Flnartd81 In$lrumonts Issuos. of FRS 102 to all of fts finandal lnslrumts. Flnancbal In•truThnI0 ore reE4wlvgd In lh• th•rW• b•lgnc• lh1 Wh chartty bacomeB Pafty to tho contractual prov18kn8 olthe kn8lnwrnnL Flnancbal oss•ts and ILabllNl•s af• offset. Tthth the nel amounts pr¢¥ent¢d in Ihg find#1 statemBn18. whèn thor•18 a lag811y 8nlorc•8bl• right to off th• rec1¥9•d amounts and thern1$ 8Th inlents'on to 8¢tlg gn p net ba• or to rna11 th• al1 and MtU• tM MUn•0u. 8•k IIn•ncl•ll•th Bast financkl assets. whkh Include deblorg 8ThJ $h and bank balancès, arè lrtlualty MsU¢•d at transaction prie4 indudlrYJ lrn)sactK)n costs and afe subseouenlty urried at 9rn0rtI¥8d cost Using the 8ff8thv8 Interest Mett1 the arrangement conslitutes a finanuNJ trantiOn, ere the transactlon L8 measurell at the prgsenl value of the ftrturg rowpts dlscwniod ai a rnark•t rnt• ol Interest. FSnancial ossets dassffjed as rec4lvable wthln cTh ypar are 8•sk fin•ndil Il•bllltl•s B88k finan¢lal li8billtie8. induthThJ ¢x¢ditors and bank k7ans 8Y• Inthlly r8wnls8d at transadon wlc unless the aryaryJement ¢onslltutes a financing tran¥actioTh. whwe the debt in51rum8nt 15 moasured at tho prasent value of Ihe future payi1$ dL8cfj al a markgl rate of FIMnd&l I&11•8 c48S9ffi8d as payab wthln one yoaf ar• rv)t anw)rtisod. Debt Instruments arg sul)sewty rrIed at amExti#ed (xt. n9 thè •ff•clfvo kntsrest rate nth. Trade crndltors ar• 013alan$ io pay wJ3 or 8eNces ljwt hav• been acquir•d In th• ordinary Murse of OP8ralJons frorn suppliers. AJnwnts payable a dassffjed as rrent liab4itps if payment 15 due wthin on• year or 1995. Ir rK¢l. they are pr8senl8d as n(JOnt liabilrtses. Trade creditors are Te¢ognisgd initsally at transacb)n wi¢¢ and bseqU? rrts85wed at rTK¥tised cost Un9 Ihe frffethe Intorest method. Fln8nci81 Ila¢411tles ¢wecwn189d Iho chawws C1rtual obtr5 •wfF) w arv or cancelled. 1.11 Taxatlon The charity is exempt frorn tax cfi ils c*awilabie acbth.
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounllng pollcl•• ICafitlnu•dl 1.12 Employ•• b•n•fft• The cosl of any unv5ed laY ewthrnent b rtVJgnised in p8rk)d In the servicas ar8 Tewminatlut neffl$ ar• rèeognls•d Immothately os an expense thfien Ihe (arlty 1$ demon8trabty cJJmmltted to terninalg Ihe 8mpbyment of an empknyee or to provklè tennination b8n&fits. 1.13 L•a••• Lga585 are dassthed as Ilnanea lèasès an•v Iho tom)s of the lease transfer substanbaty 811 th¢ and rewards ol ovm¢rship to thg1¢s¥g8s. AJI olhw dassffiad as operaUThJ leases. Ass•t$ hèld under finarKe k•as8s are recognSsed as aseels at the kmw of the a&89ts lalr V8h at Iha dato ol inc8plion and tha prosént valu• of th8 minimum lease payments. The related li8bilty 18 indud8d In th8 slaternent of finandal positi as a financ• 1•8s• OblatIOn. Lease payments ere treated as con8i$ling of ewtBI and interest 88nts. The int8resl is chaffJ8d to nal incomell&xp8ndlturel for the year so a& Io produce a con8tsnl intorgst on I rwMiniwwJ ol lilty. 1.14 Irr•¢ov•r•bl• v•t Irrgwverable VAT Is tharg•d Agalnst Its eatwjl ol •¥nj for WAh1 was Incurred. 1.15 D•blor• •nd ¢r•dltorn wtthln on• y••r Debtots and er•d¢tors 1h no statèd Int•r•st rat• and arn rnc•fvalJh or payoblg vAthln cw r 8r• r•eord8d 01 tr•ns#¢l#)n p¥h>. Any loss •thlr•3 knp#irn)•nt r•wnlMd In expendhwo. 1.18 Flx•d a•MI In¥•sthi•nts Fix8d 8$8•1 Investments are Initially rec4)gnised al [L After Inlual rewilhjn, shtyjld thè falr valuè of thè invèstmènts ehang•. th• ban¢t 11 b• adlustsd ¢0 represent the lair valu¢ ol the Inve¥trnent er• thè valuè can bè m•asuf•d rnlLqbty. The trustees inveslmenl polty Is a conservofjvg appro8¢h, whith is int•nd•d to the value ol th8 lunds Sn real terns for the benefft ol the ffen1 and fulurg stskohoklers ol thè ehanty whil8t 9èn•r8tlng lrtom8 to ¢tbUt• to Ih annual eXpd1Jrfj. Crlllul •¢countlng vtbmat•# and Judg•m•nts In the op1¢41K>n of Ihe Olo•s, th• bwt••s aro qrj io make judgements. esllrnate$ and assurnptbjns abryjt the rrying amnE of assets and Ik4bililitis thal are not adIlY appont from other sources. The eslimates and ass¢xi8ted assumpt•Jns are based on historical experfence and other factors Ihal ar• con8hlér•d to bè rnlovant. Aciual rnsums may dmler from these estimats&. The e$brnats8 and undetyng a55umplions afè revi&**d on an onwng basis. Revisl¢)ns lo accountlng esdmates are recognised in the pericrfj in whth lh8 88tirnat• is s•d where tho revlsion affects onty that period. or In the period of the revision luturg pgricth whgr8 the w5ion aff8Lts L¥)th current and fvtufe ric¥Js. 10-
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 AIARCH 2025 Incom• frnm donallons and Wl•4 Unff••trld•d R••lJlct•d fvnd• fvrtd• 2025 2025 Totsl Unr•jtrfc R••trlct fund• lund• Total 2025 2024 2024 2024 Donation8 aThJ gfft8 Grants M•mb•rshlp l••$ Other 1.187 14.789 46,891 15.956 46,891 20,S10 2,327 20.787 3.221 20,787 3,221 20.510 2,327 24.911 24.911 24,004 61.680 85,684 Grnts Bralnlree Dlslrid Councll Enov$rt Communtty Trtol 6,891 40,000 6,891 40,000 46,891 46,891 M•mb•rhlp f Summary ol annual mernt•rthlp pahj at 31 Ilarth 2025. 31103r2025 125 3110312024 91 141 136 19 Fpmity SlrvJle Junk)r OAP Famlty OAP Slrrfjle 156 815 483
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 AIARCH 2025 In¢om• from 6hwlt•bl• 11¥1 Unr••trl¢t•d Unr••trlct•d fvI¥ fvnd• 2025 2024 Hlr• Chwg•• Faeilth"•$ Hir 87.132 78,873 S•1• Equiprnent Hire 8ar and Cat.n9 438 106.421 396 103.316 Chlldf•n'• Actfvitl•• Partes 1,570 Mh¢•llan•¢x Bar and Catsrfng Other Inwm• 46,978 107 26,108 127 242.646 209,728 Inc•m• from oth•r tr•dlny •ctfvlll•• Unrn•trlct•d Unr••trl¢t•d fvnd8 fvnd• 2025 2024 FundralsMvJ •v•nts 4,279 4,005 In¢om• from In•¢m•nts Unrntrlct•d Unr••trkt•d funds nds 2025 2024 Naoonal saMThJs inmme tK)nds Barday5 d8POSit intere¥t 672 1.150 $43 1,531 12-
(rj ofj LD V V OJ ¢D ( J r r- oo) wj ¢4 ol r-- O ( V) r rr** ¥> Iili'lliiil,Ii
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support ¢o•t• •Mout•d tr •th111o• Total 2024 2025 18.266 10,237 2025 2024 Gov•rnn¢• ¢o•ts ¢ornprlM: Ind•pen¢Jont eIn8 Accountancy L•yl and yof•s8knal 15,150 616 9.025 1.212 18,266 10,237 Tru•t••• Nonè ol th• tnjstèos lor any POrnOM wllh I1} r•ceAve•J any rnmunwatsi or ben•fits frorn the grity dudng thg 4. 10 Employ•• Th• av•rage mrthly nuth of empkny••s during lh• w: 14 2025 Numb•r 2024 Numb•r Céntr• 14 15 Employm•nt ¢o•ts 2023 2024 Wages and salari 133,587 97.e63 2025 126,800 2024 93,765 3,017 279 Wage5 aryj sal8ri•s Scoal securrty costs 737 Total 133,567 97,061 15-
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employ••• {ConMu•d1 R•mun•rntlon ol k•y fflana9•m•nt p•r•onn•l The rernunerallon of key was 2025 2024 Aggrggat• uymp8ntk 20,672 15.600 11 TMllort The charty 18 exew from laxakn xlfv109¥ its ppli•d for purpotss. 16-
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tanglbl• fix•d a•uts Icontlnuodl Th• not canwrrfJ vahje of tangibkn fixod 88sets indud8s the folknwng in respxt ol aB$8ts heKI urthr finance or hirè purtha8e C¢)ntra. Tha daprnuabon charg6 in r•spact ol Such 8888ts 9Th)Unt to £1,TT5 12024- £9861 for thg ygar. 2025 2024 Flb)•ss suite and MUGA pitch 7.098 8,873 No d•preuation has been tharyed against Ihe freehold propgrty. fc#)tball w Car pork oxtènshjn as th• trus b8llev8 thè rèsldual valuè olth• assèts to b• in •xtss$ of cosi. 13 Flx•d ¥•¢ Inv••tm•nl• Natlonl •avlng• bond• Co•t gr valu•tlon A¢ l Apn'l 2024 & 31 2025 18.c)o C•rrylng arnount Al 31 March 2025 18.000 At 31 M4rch 2024 18,000 2025 2024 Stock 2,829 4,455 15 D•btgr• 2025 2024 Amounts falllng du• wlthln on• y••r. Other d•btors 1.217 1.450 2,822 1,413 2.667 4,235 18-
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 MARCH 2025 16 Flnan¢• I•1 obllgatlon• Futur• mlnimum lèas• payn$ du• undar financ• aSe$.. 2025 2024 Wlthin one ar Wlthin fv40 and yoar 3.063 7,657 3,063 10,720 10,720 12,6921 13,783 14,4271 Less.. fuluro ffinBnc¢ dwr 8,028 9.358 17 Cr•dltor•: amount• tslllng du• flthln on• y•ar 2025 2024 Not•• obliga'0n$ undor fin4ncg1gaB8ty 0th8r taxation and sodal security Trade ¢redrtor8 Oth•r er8drtors Accruals 8nd dofernd IrKoff¥ 1.757 4.549 16,957 579 1,328 5,058 9.208 10,588 2,176 25.342 28.338 18 Crndltorn.. Amounts Ialllng du• •ft•f morn th•n on• y• 2025 2024 Not•• Obltqolh)n8 undgr fmarw 6,271 8.028 19 Rtrt fvn41• The restrthd funds of the charity comprise Ihe unexFended bala85 of don•tioM and grants hek1 on INgt subject to speafic Conditic by donc as lo how Ihey may be u59J. Al 1 Aprfl In¢omln9 2024 r•sourc R•sourc•s At 31 March •xp•nd•d 2025 211,481 132.803 178.678 19-
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Rutrlciod fund IContlnu•d) Pr•vlous y•ar. At 1 Awll Incornlng R•sour• At 31 M•r¢h 2023 •xp•nd•d 2024 173.998 61.880 124.1971 211,481 The Re6trict8d Funds wo made up of £173.989 th r& a as8Ot lund and £4,689 whkh li an olh restrlctsd fund. The fixed a$s•t furtd has b••n r•e•iv•d from Mstricl grants ¢Jonation$ fw caphal iterns. These relate to ¥pKifK 3&48ts which sit on the balanee sheel as thg MUGA W. tramF4)IIAa stw•, changing rc4)ms, LED lighting ond an undor constnJd)n. Th• r•sthetsd fund has b8•n r•c•N•d Earf$ Colna TeMl• Club and ts lor 18nnts faLido$ and repalrs to tho t•nnls as wn IW w• Mqulr•d. 20 utrl•d At 1 Apyll 2024 In¢offllng R•sOurC At 31 Mir¢h rwouru• •xp•nd•d 2025 G•neral funds 525.657 273.658 1294,4421 504,873 Pr•vlou• y•r: At1Apr In¢omlnq R••ourc•• Al 31 March X123 mouf¢•• •xp•nd•d 2024 Gere1 lund 519,845 239,268 1233,4561 525,657 The unre$tridgd lund8 ol the tharity Convi of th¢ unexpended balanceB of don8tion5 8nd grants whlch w• not sublect lo spedfic c4)nd4¢ws by donors and gr8nior$ 85 io Ihey may used. The$0 indudè designated fvnds whkh ha b•an set 8sld• ofunr•stridod luThls by tW8tee$ for speofic purpo898. The unreslrict•d lund5 Are rewesent•d by nèt trJn•nt 8ss•ts of£57.48S and fixed assets of £453.659 les6 HP liability of £6.271 and the rg8erves repr888nl approximatety 2 y8ar5 expendituro suty'ect to Slfinandng. 21 An•tysl• of n•t au•ts b•tw••n lund• Totsl funds 2025 lund• 2025 2025 At 31 Mar¢h 2025: Tangible assets Investrnents Current ass8ts1ll'lth$1 Long temi liabilit 435.659 18,0 57.485 162711 166.107 601,766 18,000 70,056 16,2711 12,S71 504.873 178.678 683.551
EARLS COLNE RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Anaty•l of n•t aM•ts l)•tw••n fund• Icontlnuodl Unr•thctsd R••trl¢tod nd lund8 2024 2024 Total 2024 Al 31114r¢h 2024: Tangible as5tts Investments Current assets1lliablltt1l Long terrn liatililies 443.479 18.C 72.2C6 18.0281 194.145 637.624 18.000 89.S42 18,0281 17,336 525.657 211.481 737,138 22 R•lat•d party tr•nu¢tlon Th•r• wgrg M dlsdo88bl8 tod paty Ir8rffjackn ¢Jring th• &1{2024. n(Th}. 21