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2021-12-31-accounts

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Summary ofthe objects ofthe
charity set out in its
governing
document		 The Charity's
objectives are to promote and provide facilities for
recreation
or other leisure time occupation
in the interests ofsocial
welfare
in the parishes
ofChagford,
Gidleigh,
Throwleigh
and
Drewsteignton
-for both residents
and visitors.
Summary ofthe main
activities undertaken
forthe
public benefit in relation to
these objects		 We maintain
facilities for Football, Cricket, Tennis,
Netball and Swimming
and support a range ofother sporting
and recreational
activities activities,
including
running
and the use ofa gym
Statement
confirming
whether
the trustees have had regard
to the guidance
issued by the
Charity Commission
on public		 The trustees are aware ofthe guidance
issued by the Charity
Commission
on public benefit and ensure that all activities are confined
to those covered by our charitable objects.
benefit
I ~ e
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Summary
ofthe main
achievements
ofthe		 charity All areas ofthe Trust again suffered
from some loss of normal
operating
income and in the case ofthe affiliated clubs reduced sponsorship
and
during the year commercial
revenues.
During the year the Trust facilitated,
through
the provision
ofaccess to its
banking
facilities and charitable
status, fundraising
for Chagford
Cricket
Club (an affiliate ofthe Trust) and the Greenway
Project (a new, local
body set up to investigate
the feasibility
ofcreating a traffic free cycling
and general recreation
route between
Chagford
and Moretonhampstead).
These two projects combined
raised approaching
6100,000from a wide
range of predominantly
local donations. These funds were not available
for the general use ofthe Trust and by 2021 year end the vast bulk ofthe
money raised had been spent by the relevant bodies.
In the case ofthe
Cricket Club this resulted
in the erection ofa brand
new, England 8
Wales Cricket Board approved
practice nets facility at the playing
fields		 in
Chagford.
During the summer
this was regularly
used by not only the two
club league teams but also almost 150junior players from ages 5to 15.
The E5,000 living legacy previously
received
by the Trust was invested		 in
a total redecoration
ofthe exterior ofthe Clubhouse
building
and in a new
AV system for the social area. These updates were considered
necessary to make the Clubhouse
a more attractive venue for social and
business
events which the Trustees consider are a vitally important
part
ofthe future business
model that will enable the Trust to raise the
necessary
funds to maintain
its facilities and to continue
its work in
Chagford
and the surrounding
parishes.
The Trustees remain
five in number
however the management
committee
has been strengthened
by the co-option of Ali Squance, a new resident		 of
Chagford
with particular
skills in project management
and a general
interest
in sport and event organisation.
It would be inappropriate
not to end this report by acknowledging
the
tragic death,
in July 2022, of Russ Hannaford,
one ofthe Trust*s
employees,
who passed away unexpectedly
at the age ofjust 51.Russ
was a long term resident ofChagford
who had been involved
in many
aspects ofthe town's
life and who, with his cheerful
nature,
had always
been a willing and helpful
contributor
to the activities ofthe Trust and
several of its affiliated clubs. He is sadly missed by all who knew him.
Brief statement Brief statement Brief statement Brief statement ofthe ofthe Reserves are retained
primarily
for the purpose of pump
priming
new
charity's policy on reserves sporting
and recreational
facilities.
Ifthe community
wishes to develop
any particular
facility or run a project, we will help them fund raise so that
the funds raised cover the majority ofthe cost ofthe project. The routine
income generated
from activities is used to support the annual
maintenance
ofthose facilities.
Zero reserves
will only be held ifthere is a clear plan to generate
positive
reserves
in the following year and current reserves are required
to pump
prime that project.
Details of
in deficit		 any funds materially The funds are not in deficit.
Further financial review details
o Amount ofreserves held: As at the end of 31'"December 2021, cash reserves ofF49,366were
held.
~ Review ofthe charity's As with many organisations
the Trust entered 2021 with considerable
financial position at the end caution as a result ofthe highly unpredictable
operating
environment
ofthe period: caused by the COVID pandemic.
As it tumed
out the impact ofthe
pandemic
in 2021 whilst substantial
was less than
in 2020. With the
benefit ofcontinued
government
support
through
the furlough
scheme,
various special grants and longer periods of more normal
operation
of
facilities the Trust was able to continue to maintain
its facilities to a
reasonable
standard
and to open them as regulations
allowed.
e Explanation ofany Although
cautious about future funding
ofthe charity, the trustees
believe
uncertainties about the that they have taken steps to ensure that the facilities
will generate
charity continuing as a going sufficient income each year to more than meet the expenses of
concern maintaining
them. Moreover,
the recent development
of gym facilities will
start to create an additional
and sustainable
income source.
S
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0
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Ig»..lir;,g
Chagford Recreational Trust 2&9574
Receipts and payments accounts CC16a
For the period
from		 01.01.2021 To 31.12.2021
" - -
~ s . ~ ~.
Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total funds Last year
to the nearest to the nearest 6 to the nearest 8 to the nearest 6 to the nearest 6
A1 Receipts
Donations - Club 5,200 T0,555 75,755 1,560
Donations - Other 14,154 14,154 11,262
Covenants
IGilt Aid		 33,319 15,664
Grants 1,334
Income from government grants 22,825 22,825 27,370
Fundraising
- Lottery		 6,294 6,132
Fundraising
-Other
Total voluntary
income		 84,709 152,934
Club rents 2,D56 2,000
Gym entrance fees 6,7"I3 &,542
Clubhouse
activities 8 room		 hire 2,465
Club contributions
to		 expenses 872 1,000
Interest receivable
Feed in tariff 1,585
Sub total (Grossincome for AR)
A2 Asset and investment sales,
(see table).
Sub total
Total receipts 84,708
A3 Payments
Improvements
to facilities		 8 equipment 2,885 2,417
Equipment
purchased		 3,416 3,418
Maintenance
8 running		 costs 7,697 1,881
Services 16,989 11,545
Insurance 9,117 9,117 8,501
Finance costs 62
Sundries 252 474
Professional fees 8 Subscriptions 1386 140 1,182
Coaching 10,229 13,160
Smail grants
Direct charitable
expenditure		 52,172 40,030
Fundraising
costs		 2,456 3,385
Management
8 admin of		 the charity 4,864
Sub total 43,864
A4 Asset and investment
purchases,
(see		 table)
Swimming
pool development		 18,900 368
Playing fields development 68,815 5,TDD
SutT total
Total payments
Net ofreceipts(payments) 26,230
A5 Transfers
between		 f'unds 1,531 1,531
AS Cash funds last year end 23,&12 6,135 29,94T 3,71T
Cash funds this year end 48,3&5
Unrestricted Restricted Endowment
Categories Detaiils funds funds funds
to nearest k to nearest 6 to nearest 6
81 Cash funds Cash at Bank 29,009 20,35&
Total cash funds 29,008 20,35S
Un resiricied Restricted Endowment
funds funds funds
Detaiis to nearest 6 to nearest K to nearest k
82 Other monetary assets stocking I oan 5,000
Details Fund to which
asset baton s		 Cost (optional) Current value
o tional
83Investment assets None
Fund to which
asset belon s		 Cost (optional) Current value
o tional
84Assets retained for the Tennis Courts Unrestricted 25,104
charity's own use Playing field developments Unrestricted 16,134
Clubhouse development Unrestricted 1Q0,584
Swimming Pool Development Unrestricted 91,857
Fund to which Amount due When due
Details liablll
relates		 o lional o Sonal
85 Liabilities Charitable Loan Unrestdicted 35,QQQ No fixed date
Signed by one or two trustees on
behalf ofall the trustees		 Signature Position Date of
a
rovai
Simon Deane Treasurer
Richard Taylor Chair
Ir -,~ny j
Chagford Recreational Trust 28S574
Receipts and payments accounts CC16a
For the period
from		 01.01.2021 To 31.12.2021
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i		 - - ~ ~ e ~.
Tennis Courts Swimming
Pool		 Playing Fields General Funds Total funds
to the nearest
8		 tothe nearest 6 to the nearest 6 tothe nearest 6 to the nearest 6
A1 Receipts
Donations - Clubs 200 5,000
Donations - Other
Covenants
IGift Aid		 26,6T4 6,595 60 33,319
Income from government grants 5,156 17,669 22,825
Fundraising
- Lottery		 6,294
Fundraising
-Other		 587
Total voluntary
income		 29,013
Club rents 2,056
Gym entrance fees 6,713
Clubhouse
activities &room		 hire 2,465
Club contdbutions to expenses 8T2
Interest receivable
Feed in tariff 1,585
Sub total (Gross income forAR)
A2 Asset and investment sales,
{seetable).
Sub total
Total receipts 81,818
A3 Payments
Improvements
tofacilities		 &equipment 2,885
Equipment
purchased		 3,416
Maintenance
8 running		 costs 7,640 10
Services 62 13,975 2,952 16,989
Insurance 4,512 4,154
Finance costs
Sundries
Professional fees &Subscriptions 1,062 324
Wages 10,229 10,229
Small grants
Direct charitable expenditure 52,032
Fundraising
costs		 330 2,120
Management
&admin		 of the charity 973 2,675 1,216
Sub total 35,081 3,870
A4 Asset and investment
purchases, {seetable)
Swimming
pool development		 18,900 18,900
Sub total 18,960
Total payments 38,888
Net ofreceiptsl(payments) {8,841) 3,888
A5 Transfers
between		 funds
A6 Cash funds last year end
Cash funds this year end {S,841)
~ ~ s e s e s
Tennis Courts Swimming Playing Fields General Funds Total Funds
Categories Pool
B1Cash funds to nearest 6 to nearest R to nearest R to nearest 6 to nearest R
Cash at Bank 11,733 6,309 10,967 29,009
Total cash funds 11,733 M,967
Tennis Courts Swimming Playing Fields General Funds Total Funds
B2Other monetary assets Pool
to nearest 6 to nearest 6 to nearest 6 to nearest 6 to nearest 6
Stocking Loan 5,000 5,0OO
Tennis Courts Swimming Playing Fields General Funds Total Funds
B3Investment assets to nearestI Pool
to nearest 6		 to nearest K to nearest 6 to nearest 6
Tennis Courts Swimming Playing Fields General Funds Total Funds
B4Assets retained for the Pool
charity's
own		 use Cost (optional) Cost foptional) Cost (optional) Cost (optional) Cost (optional)
Tennis Courts 25,104 25,104
Playing
field developments		 16,134 16,134
Clubhouse
development		 100,584 100,584
Swimming
Pool		 Development 91,857
Tennis Courts Swimming Playing Fields General Funds Total Funds
B5Liabilities Pool
Cost (amount Cost (amount Cost famount Cost (amount Cost (amount
due) due) due} due) due)
Charitable
Loan		 35,000 35,000
fgo Ilf anyl
Chagford Recreational Trust 289574
Receipts and payments accounts Cc~sa
For the period
from		 01.01.2021 To 31.12.2021
e i ~ ~ ~
Tennis Courts Swimming
Pool		 Playing Fields General Funds Total f'unds
to the nearest
8		 to the nearest 8 to the nearest 8 to the nearest 8 to the nearest 5
A1 Receipts
Donations - Club 70,555
Donations - Other 14,154
Covenants l GIft Aid
Income from government grants
Fundraising
-Lottery
Fundraising
-Other
Total voluntary income
Club rents
Gym entrance fees
Clubhouse
activities &room hire
Club contributions to expenses
Interest receivable
Feed in tariff
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
Sub total
Total receipts 84,708
A3 Payments
Improvements
to		 facilities 8 equipment
Equipment
purchased
maintenance
8 running		 costs
services
insurance
finance costs
sundries
Professional fees 8 Subscriptions 140
coaching
small grants
Direct charitable expenditure
fundraising
costs
management
8 admin		 of the charier
Sub total
A4 Asset and investment
purchases,
(see table)
Playing fields development 6&,815 88,815
Sub total
Total payments
Net ofreceiptsl(payments) 1,740
A5 Transfers between funds
AS Cash funds last year end
Cash funds this year end

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