The Glebe Recreational Charity (274960} TRUSTEES, REPORT- FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their report and accounts for the period ended 30 September 2024. Structure. governance and management The charity was established by a charitable trust deed on 18 February 1952. The trustees who seJNed during the period were.. Mr FAhmed MrA Beere Mr M Harrison MrD Hill Mr M Phillips Mr P Sansom Mr J Taylor Mr M Wise New trustees meet serving trustees at, or prior to, appointment. Trustees are encouraged to attend appropriate external traininevents where these facilitate the undertaking of their role. The board of trustees meets regularly to administer the charity. The charity's major asset is the sports ground and associated building at White Post Road. Bodicote. near Banbury. The ground is held on a 999-year lease from l August 1994 at a peppercorn rent. Surplus funds are invested by the trustees in a managed portfolio. All other income is used for the objects of the ch3rity- Other than the permanent endowment fund, there were no restricted funds at the end of the year. The trustees have assessed the major rlsks to which the charity Is exposed and are satisfied that systems are in place to mitigate exposure to the major ris. The trustees have a risk management strategy which comprises.. -An annual review of the risks the charity may face -The estsblishment of systems and procedures to mitig3te those risks identified in the plan -The implementation of procedures designed to minimise any potential impact on the charity should those risks materialize Objectives and activities The charity's objettives are as follows.. Provide facilities for and to promote community Participation in healthy re¢atiOn Provide facilities for recreation and other leisure time occupation for the inhabitants of the area of benefit The charity achieves its objectives by providing buildings, facil¢ties and open Spo for the benefit of Banbury and district. There have been no changes in the policies during the year.
The Glebe Recreational Charity1274960) TRUSTEES, REPORT- FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees have referred to guidance on public benefit Issued by the Charity Commission when reviewing the aims and objectives of the charity and in planning future activities to meet these objectives. Achievements and performance The trust has again this year met its objettives and performed as expected providing a range of sporting and recreational facilities to a range of different local groups, including sports and community-based groups. Financial review The charity has performed in line with expectations this year, generating funds to invest in equipment to extend the facilities available to its beneficiaries. The charity remains in a good financial position moving forward. The charivs cash reserves at 30 September 2024 were £26,160 which the trustees deem to be adequate forthe charivs requirement& Plans for the future The charity plans to carry on building on the achievements of recent years ensuring we continue to achieve financial stability and meet the objectives of our trust deed. Further, the Trust recognizes Further, the Trust recognises the need to address Compliance with not just their own Policies, but also how it achieves its objettives. To this end. it is our intention to develop a Compliance role within the Trust, and that this will involve the review of key policies and procedures. including an internal audit of the work of the Trust. This will further inform the Annual Report for the yearto September 2025 and beyond. On eha the Board of Trustees Harrison Secretsry 11 cfj Is
CHARITY COMMISSION FOR ENGLANO ANO WALEsTh• Globg Rgcreatlonal Charlty 274960 Receipts and payments accounts CC16a For the period from 0111012023 3010912024 Section A Receipts and payments UnrestriGtod funds Restricted funds Endowment fund$ Totsl lund5 Lasty•ar trJth n•¥rv¥t toth•neaw#£ ioth• nAAr•st£ toth• hsar•st£ toth•n•are5t£ A1 Receipts & di5tribubon$ 15.725 14725 75 16,141 40 Dop05it nt Internst REnld inWnl 75 12.000 2,662.46 f2.000 37h02 3,937 274 VAT ielund$ 00n8On$ Lea38 19,964 11864 118 Wayleave Sub total(Gross income forAR) 34,719 f5.725 S8,294 A2 Assetand investment sales. (see tablel. Encash invtmentS Iparti 12.100 Sub total 12,600 34.719 IS,725 70,794 A3 Payments Grounds & Equiprnpntupk8qP Propeny ieluiblshmenl RatE5 5,289 S,289 JN8J 5.224 In¥urarKe I,oyo 1,320 30$ 6,11•0 IA2 Y,723 Aecountarty kkEePIng VAT payrnents Bank chawes LK9n¢es 300 3,176 J,176 85 229 229 720 Legafees 600 600 Sub total 17.074 17M74 17,117 A4 Asset and Investment purchases, Ise8 tsbl81 Additions to portfolio investmanl Mower and Iraiper Roller Sealing 18,72S 15,725 16,641 31h25 2ts,178 774 Sub total 15,726 15,726 69.018 17,074 15,725 32,799 86,685 Net of recelpts/(paym•nts) A6 Transfers betr9n funds A6 Cash funds last year end Cash funds thls year end 17,645 17.645 18,891 8,S15 26,160 B.515 26,160 24,406 8,515
Section B Statement of assets and liabilities at the end of the period Unro$tricied lunds RostrlGttrd Endowfflonl funds lts n44rHt£ CalegoflPS t¢ ng4r0$E£ n¢oro¥tÈ B1 Cash funds 197&93 HSB¢thtwil•C¢Ounl rotal Gash funds 1$,160 Unrwdtrf¢led funlts Re51rl¢ted lunds Endowmollt funtts ¢0 nOOrOtst£ TiadgdeDtvs 7.715 Fundlowhi¢b crrent¥#1U LlStd Inv05tm&ni8porfo&D EF F11whICh B4 Assets retalned forthè ch8TIty's own LSO Ld&mIng4.1Iasl EF 1,061,561 1.240.ODD uf 127,974 Ewlpmenl UF 44.056 When du• ¢181 UF B5 Llabllltle¥ A¢Vva itF VATI.abl up 1.554 S&n*d &yoft4 orlwo Iste5 orn bBha ofal tha VuSWè$ Sig Prinl Nome DHte of rov61 rMaith•4¥ Wl$q Mr Martln Phllllps
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Sectlon A Independent Examiner's Report Report to the trusteesl members of The Glebe Recreational Charity On accounts for the year ended 30 September 2024 Charity no {if any) 274960 Set out on the 'receipts and payments accounts, CC16a I report to the Irustees on my examination of the accounts ofthe above harity {'the Trusl'l for Ihe year ended 30109 12024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 20111'Mhe ACV). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 AGI and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(51(b} of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in. any material respect.. accounting records were not kept in accordan wtth section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in oonnection with the examination to which altention should be drawn in order to enable a proper understanding of the accounts to be reached. Slgned: Date: QY/o120?S Name: Hermione Hymers Relevant professional qualification(sl or body (If any): ACA Address.. Vvhitley Stimpson Limited, Penrose House 67 Hightown Road, Banbury, Oxfordshire OX16 9BE Section B Disclosure Only complete ifthe examiner needs lo highlight matters of concern {see CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018