## **CHULMLEIGH PLAYING FIELDS ASSOCIATION (292125) INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2026**
||31.03.2025
**INCOME**
17,809.08
Lettings
5,655.00
Fitness Suite
1,500.00
Parish Council Grant
0.00
Donations:
Donation
0.00
Chulmleigh Old Fair
0.00
Cricket Club
0.00
Donation
0.00
Parent & Toddler
325.00
Dog Walkers Group
150.00
South Molton Rotary Group
259.00
Coffee Morning
162.73
Contribution from Bar
40.00
Other income - Table Hire
25,900.81
TOTAL INCOME
**Less: EXPENDITURE**
2,927.52
Building improvements & maintenance
36.47
Fitness Suite - key fobs and access key switch
527.86
Dog walk path
0.00
Studio tables, chairs and fittings
2,124.53
Insurances
4,981.65
Electricity
1,420.14
Oil
0.00
Defibrillator Battery
374.00
Water Charges
2,589.74
Cleaning
1,650.02
Grass cutting and grounds
338.16
Mower fuel and repairs
624.60
Licences
563.72
Sundry Expenses
300.00
Internet provision
80.00
Hire of Town Hall for Coffee mornings
5.75
Bank charges
0.00
New Studio Opening Day costs
18,544.16
TOTAL EXPENDITURE
7,356.65 **SURPLUS OF OPERATING INCOME OVER EXPENDITURE**||**31.03.2026**|
|---|---|---|---|
||||**21,013.51**
**6,765.00**
**1,500.00**
**1,000.00**
**150.00**
**100.00**
**50.00**
**37.42**
**0.00**
**0.00**
**0.00**
**452.00**
**10.00**|
||||**31,077.93**|
||||**2,181.01**
**822.73**
**0.00**
**1,284.46**
**2,254.80**
**4,288.83**
**1,485.85**
**323.40**
**753.00**
**2,648.58**
**967.50**
**598.23**
**620.42**
**749.41**
**463.00**
**0.00**
**63.63**
**164.46**|
||||**19,669.31**|
|||||
||||**11,408.62**|
## **CHULMLEIGH PLAYING FIELDS ASSOCIATION (292125) BALANCE SHEET AS AT 31 MARCH 2026**
||31.03.2025
**ASSETS**
33,948.69
Lloyds Bank account
616.50
Amounts owed by users
3,688.82
VAT recoverable on New Build
1,720.92
Insurance paid in advance
39,974.93
0.00
Less: Amounts owing
39,974.93
**NET ASSETS**||**31.03.2026**|
|---|---|---|---|
||||**30,648.94**
**2,193.50**
**4,064.47**
**2,003.74**|
||||**38,910.65**
**-301.87**|
||||**38,608.78**|
## **REPRESENTED BY:**
## **RESTRICTED FUNDS**
|Balance
brought
forward
Income
176.18
Night Landing Site
**176.18**
**0.00**
12,891.17
New Studio
**12,891.17**
**8,000.00**
400.00
Mower
**400.00**
**0.00**
0.00
Ladies Toilet Upgrade
**0.00**
**954.27**
13,467.35
**13,467.35**
**8,954.27**
**GENERAL FUNDS**
21,559.68
General Funds brought forward
-2,408.75
Less: Transfer to New Studio Costs - Restricted Funds
19,150.93
7,356.65
Add: Surplus for the year
26,507.58
General Funds carried forward
39,974.93|Balance
brought
forward
Income
**176.18**
**0.00**
**12,891.17**
**8,000.00**
**400.00**
**0.00**
**0.00**
**954.27**|Income|Transfer
From General
Funds
**0.00**
**837.87**
**0.00**
**0.00**|Transfer
From General
Funds
**0.00**
**837.87**
**0.00**
**0.00**|Expenditure
**0.00**
**21,729.04**
**0.00**
**0.00**|Expenditure
**0.00**
**21,729.04**
**0.00**
**0.00**|Balance|
|---|---|---|---|---|---|---|---|
||||||||carried
forward|
||||||||**176.18**
**0.00**
**400.00**
**954.27**|
||**13,467.35**
**8,954.27**||**837.87**||**21,729.04**
**1,530.45**
**26,507.58**
**-837.87**
**25,669.71**
**11,408.62**
**37,078.33**
**38,608.78**|||
|||||||||
|||||||||
|||||||||
|||||||**38,608.78**||
**CHULMLEIGH PLAYING FIELDS ASSOCIATION CHARITY NUMBER 292125**
## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE CHULMLEIGH PLAYING FIELDS ASSOCIATION**
I report on the accounts of Chulmleigh Playing Fields Association for the year ended 31 March 2026.
## **Respective Responsibilities of Trustees and Examiner**
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Statement**
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
## **Independent Examiner's Statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act, and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Charities Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Mark Joslin
Mark Joslin Meadow Mist, Chawleigh. 8 May 2026
## **AGM**
## **Friday 3[rd] July 2026**
## **Treasurer’s Report**
Areas to highlight from the accounts for the year ended 31[st] March 2026:
- The largest source of income has been from lettings, which have increased from £17,809 the previous year to £21,013 this year.
- The fitness suite continues to grow in popularity and produced an income of £6,765, up slightly from £5,655 the previous year.
- A number of donations have been gratefully received, including the Parish Council grant of £1,500.
- The pop up bar has been a huge success, bringing the community together on Friday afternoons and has really enhanced the wonderful facilities we have here.
- At the time the Account were prepared, £2,193.50 was owing from user groups. I am pleased to report that most of this has since been paid.
- In terms of expenditure, the largest single item was electricity (£4,288), with building maintenance costs (£2,181) and cleaning (£2,648) being comparable with last year.
- The bank balance at 31[st] March 2024 was £30,648, with £1,530 held in Restricted Funds. This is to cover ancillary items associated with the night landing site, maintenance of the grass mower and an upgrade of the ladies toilets.
We are moving towards an online booking and payment system for the bookable areas. This will make the booking and payment process a lot quicker and easier, and we are hoping to put this in place in the coming months. Please bear with us whilst we get our heads around it and transfer all user groups and existing bookings over to the new system. We will do our best to avoid any technical hiccups but please be patient if these do occur.
?? 2026. We are Hire charges will continue to be reviewed annually, taking effect from 1[st] hoping to keep these to a minimum, but changes will be inevitable, given rising costs and the need to invest in and maintain our facilities.
Finally, a thank you to Mark Joslin for his independent review of the Income and Expenditure statement and Balance Sheet and thank you to all of you for listening.
Any questions?