Trustees. Annual Report for the period -" Period start date Day | Monih i January ' Pericxl end date From Year 2023 Year 2023 December Section A Reference and administration details Charity name Chagford Recreational Trust Other names eharlty Is known by Registered charlty number (If any) 289574 Charlty's principal address clo Kings Barn West, Sandy Park Chagford Newion Abbot Postcode TQ13 8JW Names of the charlty trustees who manage the charlty Tru8tee nam• Offiee lif anyl Dates acted rf notfor wholo Chair Namo of porson lor body) •ntitlèd oint Iru8tee Ifan Richard Taylor Simon Deane Rod Webber Kate Webber Simon Ralph Alison Squan Treasurer Appointed 0910812023 Names of the trustees for the charlty. If any, (for example, any custodian trustee5) Name Dates acted If not for whole ear Not applicable Section B Structure, overnance and mana ement Description of the charfty's trusts The Charity's governing document is a Constitution adopted on 6th December 1999. Type of governing document leg trusi aeea, const1lUlif)iil How the charity is constituted An unlncorporated association established by a Constitution. Trustee selection methods Trustees are selected from those willing and able to serve the interests of the charity, with impartiality and balance belween the various sporting and recreational activities within our area of benefit. TAR Dèc 2023 Section C Ob'ectives and activities Summary ofthe objects ofthe charity set out in Its governing document Thè Charivs objectives are to promote and provide facilities for recreation or other leisure time occupation in Ihe interests of social welfare in the parishes of Chagford, Gidleigh, Throwleigh and Drewsteignton - for both residents and visitors. Summary of the maln activlties undertaken for the publlc benefit In relation to these objects We maintsin facilities for Foolball, Cricket, Tennis. Netball and Swimming and support a range of other sporting and recreational activities activities, including running and the use of a gym statement confirniing whether the trustees have had regard to the guidance Issued by the Charity Commission on public benefit The Irustees are aware of the guidance issued by the Charity Commission on public benefit and ensure that all actlvities are confined to those covered by our charitable objects. Section D Achievements and performance Sumrnary ofthe main achievements of the charlty durlng the year 2023 was a comparativety nomial y8ar for the Trust and ils associated Clubs and activities with no ex￿pIlOnaS capital projects or special fund raising required. The main external factor affecting operations, particularly for the Chagford Swimming Pool, was the high level of energy prices. As this report is written almost haI￿aY through 2024 prices have now come down but still remain significantly above those enjoyed a little over years ago. I would like to thank the existing truslees and all the volunteers who work with the affiliated clubs for their time, generosity and hard work in enabling the Trust to provide Se￿Ice$ to so many in the local communities. Section E Financial review Brief statemènt of the charity's pollcy on reserves Reserves are relalned primarily for the purpose of pump priming new sporting and re¢￿atIonal facilities. If the 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 of the cost of the project. The roLrtine income generated from activities is used to support the annual maintenance of those facilities. Zero reseNes will only be held if there is a clear plan to generate positive reserves in the following year and current reserves are required to pump prime that project. Detalls of any funds materlally In deficlt The funds are not in deficit. TAR Dec 2023 Furtherfinancial review detalls Amount of reserves held.. As at the end of 31 St December 2023, cash reserves of £37,687 were held. Review of the charity's financial position at the end of the period.. Financially the Trust does not hold any slgnfficant reseNes but aims to at least breakeven on normal operations by balancing income and expenditure in each year. As the Trust's Clubhouse at the Memorial Playing Field is now around 30 years old this approach needs to be reviewed as facilities are likely to require increasing levels of high cost maintenance and repair, e.g. heating, roof, driveway etG all of which would benefit from investment in the near future and where in some cases costs are already starting to be incurred. The Pool also requires considerable regular work to continue to operate safely and effectively and whilst so far, the majority of these costs have been covered from regular income and fund raising events it would be unwise to assume this state of affaiTS can continue indefinitely. Unrestricted income in 2023 was down around 4Yo from the previous year with comparable costs dropping 7 % . This produced a net excess of cost over income of around £3,000. Cashflow was assisted receipt of gift aid from prior periods. Both sporting and social activities operaled at a similar level to 2022 however Ihere is good scope and a desire from the Trustees for the facililies lo be used more widely by the community particularly for social events which can directly and indirectly generate useful income. The main sports and wellbeing activities using Trust facilities are the traditional ones of Football, Cricket, Running, Tennis and Swimming with the more recently formed Netball Club also growing in popularity. The Trust provided the funding to renew netball court markings on the tennis Courts to assist in this development. The Clubhouse Gym and Studio are also reasonably well used however gym membership remains around 30010 below the pr&Covid peak and the Trust wishes to encourage more local use of this particular facility which offers a low cost roule to fftness. Explanation of any uncertainties about the charity continuing as a going conc8rn Going forward the Trustees have identified a number of areas of focus to support the sustainability of the Trust.. {il Generation of increased regular income {parttcularly from social events) Wider promotion of the Trust's services to increase local awareness and use of facilities Preparation for the likely need for increased repair and improvement costs in the relatively near future Attracting more local people with a broader skill range to become involved in the management and marketing of the Trust livl Section F Other optional information Reason for non-disclosure of key personnel detalls: No details have been withheld TAR Dac 2023 Section G Declaration The trustees declare that they have approved the Irustees, report above. Slgned on behalf of the charity's trustees Slgnature(sl Full name(sl Position Date Simon Deane Rlchard Taylor Chair Treasurer TAR Dec 2023 Foll￿ANDWA Chaglord Rocroatlonai Tru¥t 289S74 Receipts and ments accounts CC16a Forthfr porood from U1.01.2023 To 31 12.2023 Section A Receipts and payments U#ifrstriGtgd Réstsicted £t)dowm•fit fund8 Total funds L*tye•r toth•nparnyl£ b)thene*r￿£ tothA wt*•tÈ A1 R•t•l ij 13,174 CoVenantslG￿￿1d Gr3Thts FUndra￿￿￿-Lottè 13,t74 27,J2J 7.lea 4.42S TotalvolunLI Clubrents entrencef8B8 ClubhDuseathlllés& ro¢mhiie ¢nS¢S $.542 2B.142 7.BJ9 7A1$ j.osi J¥ InlBre81 ￿c￿l¥9b Feèd Intari Bl Sub fotal(Gross ir7comg forAR) 2 A8Sat and Inv•5tmnt 8al*8. 18•è tabl¢l. 3.300 60,090 Sub tolal 39,513 J.300 42,813 50,090 A3P4 I￿prOVeMents IDf8cabÈ$8equ EquipThentwrthase¢ IMJO 11.JJ 7.450 11.296 11.388 Sefyts5 I￿￿tanC Financecosts Sundnos Plofess￿nalf0e1& SUbxnp￿n> Ctsathw Sm£1 DiroCtch4thab￿•1p¢*0nUrn Funor*s ¢osts Mana emént&•Jmin 0f￿e ch8rity $.794 20.2$6 9.gB4 11.295 741 741 .QJS 1.038 4.3 39.508 2.700 39,506 2,700 57.742 2.853 520 Sub lotal 12,208 41208 A4 *A8Ot and investment uKhasas, See table ming pcdd&vel(yMgni 4237 J.195 7A32 pk 384 384 584 Sub tot•1 384 42,S92 4l59Z 68,547 Netoff recelptrfpaymentsj A6 Transf*r¥ ￿￿¥￿art funds A6 Cash funds last year end Cash funds thls yearend 3,079 3JOO 221 18,457 36.09> 33.020 37.465 37,G86 55,922 37,46 4,666 CC2B9674 Section B Statement of assets and liabilities at the end of the period Unrestrf¢tod lund$ to n•4r*•t£ Restrlcted Endowfftefit fund Catsgtsriè D•tails tunMr••¢£ to nt4rHte 81 Cash lundB Cuh41 knk 23￿6$ 13,$32 Tot•1 ¢•sh lunds 23,86$ 13,832 R￿trIct9￿ fund ne4rn3tE Endowmènt nd¥ Detalls Stothw Lth*) B2 Other mon•tary ass•ts s.ou Fundfowhkh De¢alls Nonè ¢DBtlvptknn•ll tIDMI B3 In￿tmorrta¥6¢ts tO*hlCh a•5•t b• Detalls Courts costloptionill Curr•ntv4lu* B4 A8sets retsined forth Charitys own u8• 24,ID4 piaylwf*￿d￿V8￿rn￿n 19,329 hou*deve￿￿TknIt IW,868 DevEkyr UnreSb￿Ed An￿U￿1dU• Wh•n du• 85 Llabllib•s 3J,l)YJ N&fix¢d tytr*L¥ts¥o tru5tee5 on t￿11 of al1thotrust￿s Signature pos￿0￿ Dale of roval SIM￿ Deanè Treasurer Richard Taylor Chair CC2U9$74 [￿￿]N F(*WAAW￿DwlJEs chaglord RFrieatl0￿ll Trvsl 2B9574 Receipts and pa ments accounts CC16a Fortht pgrlo from 01.0120 To 31.12.2023 Section A Receipts and payments Unrestricted Funds T•nnls Courts Sv41mrrunq Pool Pl•yknq Flold6 Fund8 T4)tsl fvnds toth• n•4m6t£ toth• n•4r•st£ toth•nyr••it Al ReGfrl 1.670 &J Grants FundraiSifwJ- LgHery fundr&igiThJ- 13.174 7.1fj8 1.67Q 25.542 s.000 7.839 renls Oym entsanto fee5 Ck￿ko￿$¢ ¥Gbvrtie5 & roDmhké Clth¢ontrbu1￿￿5to EWS8S Intore$t ￿¢t￿￿bIP Feedints 7.8J• Sub tol81(Gross incom8 forAR) 2 AssB¢ and Inv•8tmènt sales. 1s09 tabl•l. 15.59J J9.513 Sub tota 6,403 15,590 15.SXI 39.513 A3Pa ments Improv￿g￿LS￿ r#¥rtie$& Equipmenl p￿rtha$* ment 10 2.026 4.103 .TfjO 3.306 5.083 set¥￿S Insuranc8 flnanca c¢*6 7A$9 347 250 714 769 144 467 741 Prof8ssMJffl31f¢*6 & su￿p￿0￿8 Wag8s Smau granls Dlr•ctchiIi￿kn19 ox FundrnislDg Costs affl(*oèmeAi& admin ofthe chaDty 1.216 ndftur• 661 14.041 24.￿2 2.700 Sub total 56¥ 14,041 24,2P2 A4 A68èt and Inve8tsn8nt ur¢ha¥u, Isee tsb Replacemen1￿$h rnachine 384 Sub total 665 14.041 24,676 42,592 Net ofre¢elpW(paymentsJ AS Transtors b8tt¥oon funds A6 Cash fund$18$t y6ar8nd Cash fimds this ye8rend 15651 565 19,08S} 12,209 142 12,897 12.9 3,079 600 J,895 3.857 14,307 16,198 36.099 33.020 CC289574 Section B Statement of assets and liabilities at the end of the period Tenni5 Courts S%Ylmmlng Pool ID￿are*l£ Playlng Field$ Goneral Funds Totsl Funds Categories B1 Cash funds Cash at Bank to nMrn•t£ 0,842 B,D19 rotal cash funds 9,993 B,019 23.85S Tenn18 Court 82 Other monèt4ryas3ets Ploylng Fhlth Gonoral Funds fotll Funds Pool to n•4mt£ nearHi£ ton•ar••t£ Stoc4Élng LDan T•nDl8 Cov Swtmmlthg Pool Pl•ylng Fhld% Genvral Fund8 Totsi Fund8 B3 Inv¢slmontMS80ts tr*Tr••r•Bt£ to n•4rn•t£ iOnv*Tr*l£ Tgnnl• Court8 B4 Assets Y•talned for the tharity's own u89 Swlmmlng Pool CostltyUon•ll p￿yIng Fhld8 G•neThl Fund¥ Total Fund¥ CoKtlop*n•ii Costlopiknnall CDJtlvptSDn•ll ¢Mtl4Pttonall Tennis Courts Playing field developments Clubhouse development SwiTnmkng Pool Developmoni Tennls Courfab Swlmmlhg Pool Colt 14rntsuM Plèylng F￿ld6 G•Thgr*i FuDd8 Tol•l Ful￿8 BS Llabilities CoBt 14rnount d￿> CDJt lamount du• Co•1 larnvunt ¢Mi ianvJunl Cknarfta￿e Loan 34000 CC289574 (HAwrYrfjwi Charity Name Ch•glord RKTeathinel TTh8t 2B9574 Receipts and ayments accounts CC16a Forthe p￿￿01 Irom P&r &.n- ¥aLE 21.12.2023 01.01.2023 Tts Section A Receipts and payments Restricted Funds T&nnlts C0Urt• Swimmln9 Pool Playlng Ggnoral Funds Total funds toth• neawst foth• n•a¥•tt£ toth• Tr•4r••tÈ A1 Recel Don8￿￿S. Q￿b DDna&Jffls-0thgr CovonanL%lGMh JDO Fundr•&ry. Lottery Totsi volunts ciubrnnts ent[￿n￿feB8 CIWhOuseacMes&room h Clthconthbu￿￿8t0 iftterest reCe￿￿b Feéd Intath 300 Sub total(Gros5 irjcome forAR) A2 A888t invgslrnont sal#, lo• tsblel. 3fp) ub totsl Total recelpts 3NJ 3,0 3.300 A3Pa ènts ImprDy*then13tof4cMli&s & e EqupMentpwth&5ed Ma￿￿&Are& (unning cosls SerwiDp5 Insur￿ JDdr￿S Prot￿$1￿￿￿11eE￿&Subsu￿￿Tr& Smaiioran Dlr•tt¢harflRbkTr•x Fundiar&lng co￿$ M&nagement&3dmln ￿the thÈnty Sub tolal A4 Assotand 1th¥oStment ￿￿has98,1ts6o table Improvèm$ntsttsf4clths & Sub totsl Ng1 ofr•c•lpts/{payments) A5 Transf8rs bèiween fundB A6 Cash tund8 Wstyaar ¢md Cash funds thls yearend 3,OUO 4.237 3,937 2.985 15 .5E 8,$88 1,366 4,666 CC289S74 Section B Statement of assets and liabilities at the end of the period T&nnl¥ Court8 Swlrnming Pool Playing Fieltls General Funds Total Funds CategoTle$ 81 Cash funds Cash 8t Bank toTr•ar••t¢ to nMr•Bt¢ 13.B32 rotal cash funds 13*32 13.832 7onnl8 Coywts Swlmmlng PO¢+1 IvnD•r•ale 82 Oth*r mon•tsrya8s•ts Playlng Fi•ld• Gonoral Fuhd• Total Funrtfy iDn••rnsl£ ton•in)*t£ T•nnl8 Cour SwlmmSng Pool Plwylng Fl8ld8 Gener•1 Funds Tot*1 Funds B3 1nv88knent4￿ots ton•4rn•t£ ton•4fvt£ tOllO•N•t£ T•nnls Courts B4 Assets retsined forth• ¢haritys own u$¢ Playln9 Flgld8 Gonèral Fynd8 Totsl Pool Costlopth)n•ll CoBtlopNoMII CDstlopiiorhall CoM{OPOunall T•nnls ¢oubts swlmmlng Pool i laMpuTrt Pltylng Flold8 G•n•ral Fufid# Total Funds 85 Liabilit188 Co$¢ Cost l•mount Cost 1*n￿Unt CC289574 CHARITY COMMISSION FOR ENGLAND PND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Chagford Recreational Trust On accounts for the year ended 31 De￿mber 2023 Charlty no Ilf any) 289574 Set out on pages CC16a pages 14 and TAR pages 1-3 I report to the trustees on my examination of the accounts of the above charty {'Chagford Recreational Trust.) for the year ended 3111212023. Responsibilities and basls of report As the charity's trustees, you are responsible for the preparation of the accounls in accordan￿ with the requirements of the Charrf(ies Act 2011 {Ihe Act"). I report in respect of my examination of the Tiust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charty Commission under section 145(5)(b) of the Act. Independent I have compteted my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to belteve that in. any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements COn￿rning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in Ihis report in order to enablè a proper understanding of the accounts to be reached. Slgned: Date: 2810812024 Name: Catherine Dymond Relevant professional qualificatsonls) or body: FCCA (Fellow member of the Association of Chartered Certified Accountants) Address: Bush & Co Limited 2 Barnfield Crescent, Exeter Devon EX1 1 QT IER Dec 2023 Section B Disclosure Only complete if the examiner needs to highlight material mallers of concern (see CC32. Independent examination of charity accounts.. directions and guidance for examiners). Give here brlef detalls of any Items that the examlnerwishes to disclose. IER Dec 2023