eharlty Reglstratlon No. 279991 ALCON8URY RECREATION FIELD ANNUAL REPORT AND UNAUDITED FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 31 OECEMBER 2024
ALCONBURY RECREATION FIELD LEGAL AND ADMINISTRATIVE INFORMATION Truste•* E Adams P Watson C Bodley B Staines ChalY Number 279991 Prlnelpal Addross Alconbury Recreation Fiekl Great North Road Alconbury Huntlngdon PE28 4EX Independent Examln•r AJS Accountants Ltd Gibson House Erniine Business Park Huntingdon Cambridgeshire PE29 6XU
ALCONBURY RECREATION FIELD CONTENTS Pag• Trustees, report Independent examlnerf8 rgVJrt Stal6monl of flnandal aCtitIeS Balance 8heèl Notes totho finanry81 statements 9-15
ALCONBURY RECREATION FIELD TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Tha Trusteas prèsant their report and finaftcl81 ststements for the year 8nded 31 December 2024 The financial Statements have bg8n prepared in accordance wllh the accounting policies set out in nolg I to the accounts and comply with currént statutory requirements, th8 rèqLJir8rnenls of the charity's governing docum8nl and -Accounti'ng and Rgporting by Charities.. Slalgment of Recommended Practs'ce applicable to charities preparfng thelr accounts In accordance th the Flnancial RepoTUng Standard appllcable in the UK and Republlc of Iroland IFRS 1021185 amended for accounting periods commencing from 1 January 2016). ObJ•ctlv••'. Th¢ aims ol th• Charity ar? to providg indoor and outdoor CreatiOnal and Sports f8¢ilities for the COTnmuniti88 of Alconbury, Alconbury W&ston 8nd nfjighbouring areas in tha wost of thg Huntingdonshir8 Oistrict Council gèographical areo. At the start of last yeaT'8 report I pl8C8d on record our sincerè thankg to Mid¢ Gunney who stepped down from his Trustee's role during 2023. Tttis year's report again b•gins with similar thanks to anolher retiree, Laurencè Rlckard. Laurence has been central to the organlsatlon ynd man8gement of the ChatIeS actlvltles os well as acting as the Steward and Manager of th8 Sports 8nd Social Club for over 26 years. He has al80 8tepp&d up to fill numarous associaled roles during p8nods when volunteers have been thin on the ground and has provided ITIVdiUÉiuie supptsrl iu uur v¥riuus dSSOLiaieo user yroups. ronunaieiy, L8urence nas rxen persua¢ieo 10 continu8 to assist US on a part lime basig. Thank you. Laur8nc8. Another silnilarity with last year 15 that l am pleased to be able to report that Ihe charity has continued lo maintain a Becure financi81 position whilst invosling in n&ce88ary improvements to the building, field and our ther faclllties. Thls has proved possible due to the hard work ol volunteers who glve up thelr Ilme to asslsi us. gen8rous donations and succ85sful gr8nt applications. Our f8liti8S continuè to ba admirad by visiting sports Achl•v•ment• and PerformanceJ- Throughout the year our facilities have continued to provide a wide varfety of r8cr83tional, sports 8nd soual activities wth evenis to cover all age groups. Our target 'footf811' of 600 regular recreational user5 was surpassed with ease. Our football pitches and Cricket squares remain well used as a the indoor Pool, Darts 8nd Bowls Thursday Club is thriving and continuès to ba an important social meeting place for m8ny of Our 118ges more elderly residents. The fun¢tion room rèmains popular and Tegularfy hosts wéddings, partles and other private functions which provides supplemental income for the charity. The Fireworks evening was agaln a great success, and I would Ilke lo thank Cralg Goldsworthy and his Alconbury Weald team for th8ir assistsnce with crowd control and organisation on tho evening. D•v•lopments.' DLtring 2023 following a generous donation provided by the family of Frank Huffm8n w? were ae to refurbish the function room and install solar panels on th8 roof. I'his year our improvement works have been less visible but just as irnportant and necessary. The main function room ¢Joors WEre replaced as was the door to the referees changing room. Funding was secured to replace Ihe MUGA Ilghting with more energy efficient LED units and in associalion with Anglian Water and the Local Flood Group a nèw underground walor gardan was Installèd adjacént to MUGA which has improved the drainage in that part of the field. A set of new wheeled goalposts wer& purchased and as part of a sponsorship agreement with Gigaclear mobile cricket covers have 4)een secured. Thanks 8aain oo to Laurence and Ltz Adams lor th8ir hard work in the submission of successful orant ppllcatlons whlch have secured the fundlng for these Improvements
ALCONBURY RECREATION FIELD We 81so remaln gTAteful to the Woolley Wbndfarm scheme and the support shown by the Cambrldgeshlre Community Foundation, Alconbury Parish Council and many othèr knnd b6nafaetor8. Financial Review: The Tro88uror and our AGcounl8nt Andy spn9th0rpe of AJS Account8Trts Lld hJvo provld•d the Annu•l Accounts up to 31 •1 De¢embtrr 2024. The 2024 A¢¢ounta for th• Charity lhow a not IoB• of £1788 Ilncludlng d8pr8clatlon of £108131, compar8d lo nel1088 of £31081 Ilncludlng daproGl¥Uon 01 £13179 eponding of the don8ts.on of £160001 In 2023. Th• Trust••• hav• •••••••d th• major rl•k• to whlch th• Charlty l• •xpo••d to and ar• 44tl•fl•d th•1 •y*t•m• •r• In pl•c• to mltlgit• •xpo•ur• to th• rnor rlBk•. Structure. governance, and manag•ment: The Alconbury Field Charity's governing docLFment is a lease dated 3" April 1980 as amended 21 August 1984. I ne kniiariLy fi¢)s live vuiuiiieer Lru¥i¢es. Th8 Trustaes ar•, up tts the date of the finanri?I sta¢ements were- Elizabeth Adams P8uI Watson Chri5tl8n Bodloy Bruce Stsines The Charfty Is run by the trustees wlth help from the Professional Secret8ry to the Trustees, Laurence Rlckard. Separate r8sponsibllSty may be given to other vdLTrrteer8 to organise fundraising events for the benefit of the Charity. The Trustees, Report was approved by the Board of Trustees. Chrfstlan Bodlèy Chair of Trustees. Paul Watson. Trustee. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALCONBURY RECREATION FIELD
ALCONBURY RECREATION FIELD charity) for the year ended 31 0ècÈmbor 2024. R•sDongibilities and b•$is of reDOrt As the trustees ol the charity you are responsible for the preparation of the financial statements in 8ccord8nce wlh the requlrements of the Charities Act 2011 Ithe 2011 Act). I report In r8SP8Ct of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrytng out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451Sllbl of the 2011 Act. Indepondent oxamlnerfs Statement I have completed my examination. l oonfirni that no rnatters have come to my attention in connection wth the oxgmlnats.on glvlng mg cause lo belleve ihat In any mat681 m8PgC¢'. cmuntlng rewrds wer• not kept In respect of the ch#rlty requlred by Jectlon 130 01 the 2011 Ad-, or the flnanclal itaternents do not aord wllh thos• wGord$,' or th8 tin8nciai $t8t¢ment8 do noi Gompiy win ing 8ppiicoDie r&quirernon18 CanMing tho rorrn ano content of ac¢ount8 $•1 out In the Charllles (Accounts and Reports) RegulaOn$ 2008 other than any raqulrement thBt the accounts glve a twa and f8lr vlew whlch Is not a mattèr conslder8d 8s part of an independent examination. I have no concems and have come across no other mattels in connection with the examination to whlch to be reached. Andrew Sprsngthorpe FCCA For and behalf of AJS Accountants Lt Gibson House Ermine Business Pafk Huntingdon Cambridgeshir8 PE29 6XU
ALCONBURY RECREATION FIELD STATEMENT OF FINANCIAL ACTivrriES iriknLuiJifiii iiyknvibif 14r4U tAYtirii¥F i ur(C A6vur1 I FOR THE YEAR ENDED 31 DECEMBER 2024 Unregtricted Restricted Totsl Unrestricted Restncted Totsl iuiiu iuiiu> 2024 2024 2024 2023 2023 2023 14ote• Don•llons and logorl•J Otherimdlng actlvlUeJ Inv881m8nl Income Othar income 3,8S1 6,292 41,513 10,151 6,292 41.513 8,428 11,443 4,504 38.iQ6 38,706 Total Incom• 51.456 6.500 57,956 48,225 6,428 54,653 ii&riLaiMe ilLuviues Net Inc¢Jm¥ll•xp•ndltur•l for the yearl Net movèmènt In funds 2,527 14.3131 11,7861 17,3051 123.776 131.0811 Fund balances at 1 January 2023 1103.9921 313,221 209.229 166.4411 336.997 270,556 Inter-cornpany adjustments 130.2461 Fund balancos at 31 D•c•mb•r 2023 1101,4651 308,908 207,443 1103.9921 313.221 209.229 Th8 statement of financial activities includes all gains and losses recogni5•d in the year. All income and expenditure derivtr from continuing acts"vib"e5.
ALCONBURY RECREATION FIELD BALANCE SHEET AS A T 31 DECEMBER 2023 2024 2023 Not88 Flxed a55et$ Tangible assets Curr•nt Debtors Cash at bank and in hand 11 184.598 195,411 12 8,939 14,621 5,111 9,444 23,560 14.555 Credltorg.. amounts falllnq due wlthln on8 year 17151 17371 Net current assets 22.845 13,818 Total assets le curr•nt liabilities 207,443 209,229 Deferred income 14 207,443 209,229 Income fund5 Restricted funds Unrestrirted funds 308,908 1101.4651 313,221 1103.9921 207.443 209.229 Thè financial statements were approved by th• Truslees on chrlstlan Bodley Chalr of Trustees. Paul Wat•on. Trustee.
ALCONBURY RECREATION FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policieg nbury ReatiOn Fleld Is a tsnincorporated Charity registored in Englgnd and Wales, number 279991. 1.1 kcountlng ¢onv8ntlon The financial statemenis have been ppared In accordance vAth the charity's Igovemlng documentl, the Charities Act 2011 and "Accounting and Reporting by Charitl8s.' Statement of Recommènded Practs'ce applicable to charities preparing th8ir accounts in accordanca with th8 Financial Reporting Standard applicale in iiie UIK ana Mepuoiic oi ireiana jrmts l udi ieiieciive i January Lu i ¥1 I ne cnariiy is a vuDiic Bgnefit Entity as definéd by FRS 102. Tha charity has taken advantage of th& provisions in the SORP for eharities applying FRS 102 Update Bullelin 1 not to prgpare a Statement of Cash Flows. The financial statements have doP3rted from the Charities IAccounts 8nd R8POrtsl Regulations 2008 onty to the ¢?1 required to wovide a true antt tair viow. I h15 departure na$ Involved tollowng the Stat&m¥ni of Recomm8nded Practice for charitlgs applying FRS 102 rathèr than the v8rsion ol the Statem8nl of Recommended Practice which is referrad lo in the Regu18tions but which has since boèn withdrawn. Thè financial statements ar8 prepared in sterling, which is th& functional curr8n¢y of the charity. Monetary amounts in these financlal statements ar8 rounded to th8 nearest £. Th8 finanaal ststem6nts have b8en prepared und8r tho historical cost convèntion, modified to include the revaluation of freehold properties and to indude investment propertles and certaSn fjnancial instruments at fair value. The principal accounting policie8 adopteo are set out below. 1.2 Ooing concèrn charity has adequate resources to contlnue in operational existence for the foreseeable future. Thus the trustee5 conts'nuts to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable fundts Unrestricted funds 8re avallable for use at Ihe discretion of the truslges in furtherancg of their ch8ritablg Restricted funds are subject to spècific condltions by donors as to how they may ba used. The purposes and uses of the rnstrtcted funds are s¢t out In the notes lo the flnanclal statements. Endowmant fund8 are 8ubla¢l to 8pedfic conditions by donors that th¢ capltal mu8t be rnaintained by the r.harity 1.4 Incomlng r•ourc• Income is recogni58d whèn tha charity is legally antitled to il aft•r 8ny pèrformance conditions hav• bean met. the am¢unt8 can be measured reliably, and it is probable that incorng will be rgceived. notlfled of the donatlon, unless perform8nce condltSons requlre deferral of the amount. Income tax recoverable In re18tlon lo dDnatlon$ iecelved under Glft Ald or deeds of covenant Is rocognlsed al the Ilme of the donation. Leg8CIg8 a rocognisgd on receipt or otherwise if the charity has bagn notill8d of an impending distribution. the amount is known, and rgceipt is 8xpectèd. If the amount is not known, the legacy is treated as a contingent 8SSel.
ALCONBURY RECREATION FIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng pollcl•$ IContlnu•dl 4 R•qniirp•< 47YrwnA•A Expenditure is recognlsed once there Is a legal or conslrucllve obllgatlon to transfer economlc benefit to a third party. il Is prob8ble Ih8t 8 transfer of economic benefits will be required In settlemonl tho 8mount ol the obllyallon can be measured reliably. Expenditure is classified by aclivlty. Costs of generating funds are costs incurred in attracting voluntsry income and th08e incurrgd in trading activit185 thai ralse funds. Charitable activities and Govemanc8 Costs are costs incurred on the Charity's operalions. induding support costs and costs rdating to the govemance of the Charity apportioned to ch8ri18ble 8cUvlUes. 1.6 TangSbl• fSxod o•80ts Tangible fixed assets are initially maa6ur•d at Cost and subsequ8nUy measured 81 cost or valuaty"on. net of d¥yig¥iduvii 41111 •fly Itiiyditiii¥i Il I>t. Depreci8tlon 19 r8cognls8d so 88 to writè off the ¢ost or v8luation ol ass8ts18SS their residual values over thoir useful lives on Ihe fdlow7ng b8$9S'. Freghold land Not depr¢ciat&d r¥111011 exieii¥ioris ariu IrTiyruv#niviii¥ ¢.a 10 SUalyi>L IllItI Plant and equipment 1 5% straight line Freehold land and assets in the course of constnjction are not depreciated. The gain or loss arising on the disposal of an asset is detem)ined as the difference between the sa proceeds and the c8rying value ofthe asset, 8nd is recognised in net incomellexpenditurel for the year. 1.7 Impaimi•nt of fixed assets At each reporting end date. thè eh8rity rewews the caTrying arnounls of its tangible assets to detemiine whgth8r there is any indication that th088 35sets hav8 suffer8d an impairment loss. If any such indication exists. the wcover8ble amount of the asset is estim8t8d in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equival•nts Cash and cash equivalents include cash in hand. deposits held at call Yéith banks, other short-temi liquld Invostments wlih orfglnal m8turftles of three months or loss, and bBnk overdr8fts. Bank overdrafts 8re 8hown within boTrowing8 In cUt liabilities. The charfty has elected to apply the provlslons of Sectlon 11 'Basle Flnandal Instrum*nts' and S8¢Von 12 'oth8r Financial Instrumènts Issuas. of FRS 102 to all of its finan081 instruments. Financial in6trurnents ar• rècognised in the ¢hariW8 balance &he8t when the charity becomes party to the CctractUal provisions of the in5trumenl. Fln8ncial assets and Ilabilities are offset, with the net amounts presented in the financial statements. when there is 8 legally enforceable right to s81 off the rgGognised amounts and there is an intents'on to $8tUe on net basis or to realise the asset 8nd settle the liability simuhaneously. 10
ALCONBURY RECREATION FIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Aceauntlng pollcl•s {Contlnued Baslc fln8nus1 assets, whlch Include debtors and cash and bank balances, Bre Inltlylly me8sured 8t transaction price induding transaction costs and are subsequently carried at amortssed cost using the effective interest method unless the arrangemènt constitutes a financin9 transaction, where the transaction is m8asur8d at the pr8s8nt valuè of the futurg roGeipts discount8d at a market rate of interest. Financial assels c18ssified as receivable within one year are nol amortised. Basie financi•l liabilities Basic financial liabilities, including Gr8ditors and bank loans ar& initially recognised at transaction price unless the arrangement constilules a financing transaclion, where the debt instrument is rneasured at the present value of the future payments discounted at a market rate of inlerest. Fin8nc481 li8bilib.es clas$ifie(I 8s payable within one year are not amortlsed. Trade creditors 8ro obllg8tions lo pay for goods or seNi¢es Ih8t have been acquired in the ordinary course ol operatlons from suppllers. Amounts payable are classlfled as current Ilabllltlej If payment Is due wllhln one year or l¢s$. If not, they are presented as non-curreni Ilabllltles. Trade eredltors gre recognlsed Inltlal ai iransacllon pre and sub88quently measured at amortl8ed cost U81ng the effecuve Int¥ro81 method. D•r•¢oqnltlon olfln•n¢l•l Il•bllltl• Flnanclal Ilabll1tS are derocognlsed when the chadlls contractual obllgattons explre or are dlscharged or cance118d. Critical accountin9 estimate• and judgements In the application of the charity's accounting policies, the trustees are reouired to make judgements. èstimates and assumptions about thè carrying amount of ass8ts and liabilities that are not readily appar¢ from olher sources. The eslimatas and associatèd assumptions are based on historical expenence and other factors that are considered to be relevant. Actual resulis may drffer from Ihese ests'mates. The 86ty'rnates and underlwng assumptions are reviewed on an ongoing basis. Revisions to accounting period, or in the period ofth8 rgvision future periods whgr8 the r8vision 8ff8cts both curT•nt and future periods. Donations and leg•cies AA T•+*1 fund8 fund• lunds funds 2024 2024 2024 2023 2023 2023 Donations and gifts Grants rgcgtvablo 5,015 5,015 6,428 5.015 5,015 6,428 6,428 6.428 5,015 6,428 11,443 5.01 S 6,428 11.443
ALCONBURY RECREATION FIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 (Xher tradlng actMtle• I Inr•ko•ArrA fund$ fvnds 2024 2023 Fundraising events 6,292 Investment Incom• Unre¥trlct•d funds Unrestricted Funds 2024 2023 Rental income 41.513 38.706 Olh•r Inaom• Unr•¥trlct•d fund• unstrIcte{l funds 2024 2023 Oth8r income 12-
ALCONBURY RECREATION FIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charftsble actlvltles 2024 2023 staff costs Depreciation and impaimient Event costs Rtrnt, rates water Light and heat Telephone Postage and stationery R8pairs and renewals Cleaning and laundry Vehicle running costs Insurance Accountancy Sundry 8xpen585 14.763 10,813 1.246 1,132 9,137 962 182 7,990 1,437 589 3,679 570 25 14,953 13,179 1.149 10,137 555 383 37.989 3,113 566 3,140 570 59,742 85.734 Analysis by fund UnrestHcted funds RpqtrlrtAd fi InA 48,929 55,530 59,742 85,734 Trust•e• None of the trustees lor any persons connectèd with thèm) roc8ivod any r8muneration OT benefits from th charity durlng the year. Employee• Numbor of•mploye•5 The average monthly number of employees during the yearwas: 2024 Numbvr 2023 Numb•r Employment costs 2024 2023 Wages and salaries 14.763 14.953 13-
ALCONBURY RECREATION FIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Taxatlon Th• r.hAritrii i @ypmnt frnm lay >nA nAln< fallinn L4ri1hin R4?A nf th< Inrnm• Tay Arl ?nn7 2nrf s256 of the Taxation of Chargeable G8ins Act 1992 to the extent thal these are applied to *ts charitable objectives. No tax charges have arisen in the Charity. 11 Tanglblo fixed ass•t8 Frwhold land Pavllon axtenslons and ImDrg¥qm•iits Plant ftnd ¢qulpmonl Tol•l Cost At 1 January 2023 Additions 54,606 490,447 53.178 598.231 At 31 December 2023 54.606 490,447 53,178 598,231 Depreclatlon and Impalrnient Al 1 January 2023 Depreciation th8rge¢J in the year 351,237 9,345 51,583 1,468 402.820 10.813 At 31 December 2023 360,582 53.051 413,633 Carylng amount At 31 Decambar 2023 S4,606 129,865 127 184,598 At31 Oecember2022 54,606 139,210 1,595 195.411 12 D•btor• 2024 2023 Amount8 falllng duo wlthln on• y•ar- Trgde dgbtors AJrx)nbury Sports and SorAg1 Club Prepayment8 and accnJed income 3.726 2,911 1,580 2.200 5,306 5.111 reiiiiors.. amoun1¥ iaiiing (iue wiiiiiii orTE year 2024 2023 OthÈrt8X8tion and 80dal securbty Trad& creditOTB Accruals and deferred incoma 715 737 715 737 14-
ALCONBURY RECREATION FIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Deferred Income ?n? ?n?7 other deferred income 15 Related party tr•n••ction• Thèra wara no disdosable related party transactions during the year or the prior year. 15-