Charity registration number.. 296892 Chieveley Recreational Centre Annual Report and Finan¢ial S¢m¢nts for th¢ Year Eted 30 April 2025
Chieveley Re¢reatioDal Centre Contents (continued) Reftrence and Athninistrative Details Trustees, Report ststement of Trnst¢¢s' Responsibilities Independeni ExamÉncls Report stst¢m¢Dt of Finan¢ial Activities Balance Sheet Notes to the FitMn¢ial Statements 71014
Chieveley Re¢regtional Centre Reference and Administrative Details Chairman Neal Courtn¢y Trn5tees Neal Courtney Phil Kinzett-Eva Chris Miller Anthea Arn)its8¢ Derek Brown Mark Hutchin50n Eli7abeth Brown Richard Brant Kimb¢Tl¢y Ragousis Rebe¢¢a Collzens Patricia Brown Christopher Arniitage Rosalind Byrne je Pocock Ch•rity Registratio NuD)l>er 296892 Prineipal Offite Chieveley Village Hall High Strttt Chieveley Bw*shire RG20 8TZ IndependeDt Exgrniner Michael Wttks Down End Chiev¢ley Berkshire RG20 8TS Page I
Chieveley Recreational C¢ntre Trnstees, Report The Trustee5 of Chieveley Recreational C¢ntr¢ are pleased io presettt their Annual Report forthe year ending 30 April 2025. This year has mark¢d a p¢riod of significant progress ]d renewed community engagemen¢ underpinned by the strate8jt dir¢¢tion of the Vision 2050 initiative and the continued d¢di¢ation of our Executive Committe¢, volunte¢rs, and staff. The charity's core objectives remain the provision and maint¢n2nc¢ of a village hall and re¢reation ground for the benefii of ail inhabitaTLt5 of Chieveley parish, without distinction. This includes htssting meetings, cl&sses, and reereationa] activiti¢s aimed at improving the quality of life for our cornmunity. 2025 saw a 5ub5tantial increase in total inwme, rising by 68 /0 to £105.454, driven by higher hall and ground rents, su¢c¢$sful futtdrai5ing efforts. and generou5 grant suprK>rt. Notably, grant in¢om¢ quadwpled. with £31,000 all0¢8t¢d to th¢ VLSLon 2050 project. Expenditure decr&ed si8nifLCatitly to £58,017, followirtg the mpl¢tion of major capital works in the previous year, resllliing in a Det surplus of £47.437. Thi5 financial stability ha5 enabled the Centre to stret)8then its r¢s¢tv¢s ond prepare for future investment. Operationally, the Centre h&8 flollrith¢d. The Booking M#nag¢r reported Steady bookings, with children's parties remaining popular new efforts underway to attr&¢t weddings and celebration5. Weekday usage of the main hall 1$ near ¢apa¢ity, and weekend and evening slots-particularly in the Clubroom-arc being actively promoted. The launch of new aGttvitie5 such as yoga classes and the Chievel¢y Table Temlis Club has broad¢n¢d our community offering. with strong initial interest growth w>t¢ntial. The Chainnan's r¢port highlight¢d s¢veTal key developments. including the plan5 for installation of 8 new roof with solar panels, the removal of asbestos, and the refitrbishment of the ladies, toilets. Thcse improvements will not only enhan¢e the user experience but also contribute to long-tenn sustainability. Additiona] upgrades will include blackout blinds in the main hall, improved Wi-Fi (s¢h¢duled for Q4), and the rrration of a wilding area and nature trail. Plans are also und¢rway to ¢xploi¢ th¢ viability of 4 Chi¢v¢ley Community Café. with a potential launch in 2026. The"Fricnd5 of Chiev¢l¢y Village Ha]I" voluntetr scheme has been a resoundin8 success. with 20 new helpers SUPPQrting hall and grounds maintttwice. in¢luding our annual market5. This initiative has Significantly bolstered our operational c¥tacity and comtnunity Spirit. Financially* the Centre remains in a robust position. FuAds to £199.331. and new designated fimds were estsblished to support capital and strategic projects. The Tr¢asur¢r Introdu¢ d¢pf¢ciation ac¢owitin8 for long-tenn aSls, ¢nhan¢ing financial transparency and govemance. oking ahead, the Trusiees are focused on se¢uring fijnding for fithher improvements, including full insulatio cfriendlY heating. rewiring. acoustic soundproofjng. and refivbishment of the gent's toilets. These proj¢£t$ are essentia] to future"proofing the Centre and ensuring it remains a vibrant hub for generations to eom¢. The Tntstees &xtend th¢ir h¢artfelt thanks to all volteerS, Staff, aftd community members who ha contributed to this y¢ar's su¢¢¢$$¢s. Th¢ continued support from Chieveley PaTi5h Council and local event Or80lS¢rS a]so b¢¢n inyaluable. In conclusion. 2025 has been a forniative year for Chieveley Recreational Centre. With Strong financial foundation5, a clear strY4tegic vision, and an et)gaged communty, the Trn5tee5 are confident in the Cethtre's continued growth at)d relevance. We Temain COTnmitted to in¢lusivity, sustainability, and excellence in Service to our parish. Page 2
Chieveley Recreational Centr¢ Statement of Trustees, Responsibilities The tn]stees are responsible for preparing the lrnslees, report and the finaneiai ststements in cOrdan¢¢ with the United Kingdom Accounting Standard% (United Kingdom Genera]ly A¢wt¢d Accounting Practice) atKI applicable law and Jrgulations. The law app]ible to charities requires the trusiees to prepare financial statements for each financid year which give a true alld fair view of the state of affairs of the charity and of the incoming resources and application of resour¢e5 of th¢ charity for that period. In preparing these financial statem¢nts. the trUStee$ are required to: select suitsble accounting policies and then apply them consistently- observe ihe m¢thods and principles in the Charities SORP- make judgements and estimates that are r¢asonabl¢ and prudenL state whether appli¢able accountin8 standards have been followed subject to any material departures dhs¢los¢d ond explained in th¢ financial ststements. and pr¢pare the fJnaneia] staternents on the goiD8 concern basis unless it is inappropriale to presume that th¢ charity will continue in business. The tsustees are responsible for keepin8 proper accounting records thai disclose with r¢a50nable accuracy at any titlle the financial position of th¢ ¢harity and enable them to ensure that th¢ finaTh¢iaJ stst¢ments comply with the Charities Act 2011. the Charitkes (A¢¢ounts and Reports) Re8ulations 2008. 9d the provisions of th¢ ¢ODStitlltion. The tNstecs ar¢ also responsible for safeguarding the sets of the clwity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees art respollsible for the maintenan¢¢ and integrity of the COTporate and financial inforn)ation included on the charitable company'5 Wtb5it¢. Legislation governiDg the preparation and di5seminatiotJ Of financial statements may diff¢r from 1¢gi$10n in other jurisdiclions. Approved by the trust¢¢s of the ¢h0rity Oth . ...4. and sied on its behalf by.. Neal Courtney Chaimiatt and tsuste¢ Page 3
Chieveley Recreational Centre Independent Examiner'$ Report to the trustees of Chieveley Reere*tional C¢ntre I retrf)rt to the trustees on my ¢xamination of the arGount5 of Chicveley Recreationa] Centre for the y¢ar ¢nd¢d 30 April 2023. Responsibilities And of report As the charity trustees of Chieveley Recr¢ational Centr¢ you 8T¢ r¢sp)nsibl¢ for th¢ pr¢paraiion of th¢ ac¢ounts in aecordanee with the requirements of the Charities Act 2011 ('th¢ A¢t'). I report in respect of my examination of the Chieveley Recreational Centre's accounts carried out und¢r s¢ction 145 tsf the 2011 Act and in ¢ing out my examination I hav¢ followed all the applicable Directions given by the Charity Commission under section 145(5)Ibl of the Act. IDdependent eiaminer'8 ststement I have completed my ¢xamination. l confimi that no material tnatters have ctsme to nty attention in ¢otineetion with the examination 8ivin8 me cause to beli¢v¢ that in any mat¢rial Spect. l. accounting records were not kept in respect of Chieveley Recreationa] Centre requkred by section 130 of the Act., or 2. the accounts do not accord with those records. or 3. the accounts do not Comply with the accounting requirements concerning the fomi and Content of a¢counts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true aTJd fair view whith 15 not a matter considered as part of an independent examination. I have nts co 51MTruld bc erns and have eotne across no other matter5 in connectton with the examination to which attention in thi5 report in order to enable a proper understsnding of the accounts to be rexhed. Mi¢ha¢l We Iktwl End Chieveley B¢rkshir¢ RG20 8TS Iyz¥ Page 4
Cbieveley Recreational CeDlre Statement of Financial Activities for the Year EDded 30 April 2025 Unrestrieted nds Restricted ds Totll 2025 Note lrycome 8nd Endowments from: Day to day activitits Grants received Fundraising Gift aid Claims 51.843 31,643 16.700 84 51,843 36.827 16.700 84 5.184 Total iOme 100.270 5.184 105,454 Expenditure on: Charitable activities (55,104) (2,913) (58.017) Total expenditure (55,104) (2,913) (58,017) Net income Gr05s transfers between funds 45,166 5,450 2,271 (5.450) 47,437 Net movement in fimds 50.616 (3.1791 47,437 Rec0ClI18t1fjll of lld5 Total funds brought f0tard 129,988 21,906 151.894 Totsl fimds carri¢d forw4rd 180,604 18,727 199,331 T•t41 2024 UrestrICted fd$ Rtstrictd fund Not¢ IDcome Endowments from: Day to day activities Grants received Fundraising Gift aid claims 41.196 41,196 8.169 12,427 840 8.169 12,427 840 Tirtal income 54.463 8.169 62,632 Expendlture oll: Charitable activities Playground proje¢t (net of donations received) (41.776) (3.074) (78.599) {44.850) (78,599) Total expenditure (41.776) 81,673) {123.4491 Nei incomel{expenditure) 12.687 (73,504) 160.817) N¢t movement in ndS 12,687 (73,504) (60,817) Rec•Deilitiort of futsds Total fvnds brought fonyard Total hnds carried fonvard 117.301 95,410 212,711 129.988 21.906 151.894 All of the charity's a¢tiVLties derive frnm continuing operatioDS during the above two periods. The notts PM8¢5 7 to 14 form 4n int¢gr41 partof th¢5¢ financial slat¢m¢nts. Pag¢ 5
Chieveley Reereational Centre (Registration number: 296892) Balance Sheet as at 30 April 2025 21125 2024 Note Fixed assets Tangible assets Currertt S5ets Cash at and in hand 1.808 200,589 153,829 Creditor5: AmouDts falling due within One yer io (3,066 (1,935) N¢¢ Current 493ets 197,523 151,594 Net Assets 199.331 151.894 Funds of the Charlty: Restrit¢ed Incom¢ fund$ R¢stri¢ted 18,727 21,906 Unrestrleted iucome Unrestricted fimds 180.604 129,988 Totsl fund5 li 199.331 151,894 The fiDan¢ia] stst¢rnents on pages S to 14 were approved by the trustees. Y4Uthorised for issue on 7.1i.q.k<. and signed ontheir behalf by.. Neal Courtney Chairnian and trws¢e¢ The notes on pages 7 to 14 form an inte8ra] pOf these financia] statements. Pag¢ 6
Chieveley Recreational Centre Notes to the Financial Statements for the Year Ended 30 April 2025 l Ae£ouD¢in% policie5 St*temeDt of eompliallce The financia] statements have been prepared in accordance with the second edition of the Charities Stst¢m¢nt of Re¢ommended Prd¢tl¢¢ 15sued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republi¢ of Ireland (FRS 102) and th¢ Chariti¢s Act 2011. Basi5 of prepAratio Chieveley R¢¢r¢aiional C¢ntr¢ me¢ts th¢ d¢finition of a publi¢ b¢n¢fit ¢Thtity under FRS 102. The accounts (riTJanrial 5tat¢Tn¢nts) hav¢ been ppared under th¢ hi5torica] c05t conv¢ntion with items recognised at Cost or trdnsaction value unless Otherwise stated in the relevant notels} to these aecounts. Golng concern The trnstees consider that there are no material uncertainties about the charity's ability tr) nt]tille as a 80iiig concern. Income and eDdowments Voluntary income incllldin8 donations, gifts, lega¢i¢s and grants that provid¢ ¢or¢ fimding or are of a g¢nerni nature 15 recognised when the charity h&s entitlem¢Tht to th¢ in¢om¢, it is probabl¢ that th¢ in¢ome will b¢ r¢¢eiv¢d and th¢ amoutlt ¢an b¢ m¢&sur¢d with suffi¢i¢nt reliability. Expenditur• All expendittwe is re¢ognised on¢£ there is a legal or Gon5tructive obligation to that expenditurc, it 15 probable settlement is required and the amount ¢an be m¢asur¢d reliably. All ¢osts are allocated to the applicable expenditure headi aggregate si]nilar costs to that cate80ry. Where costs ¢gnnot b¢ dir¢rtly attributed to particular headings They have been allocated on a basis COll5i5tent with the use of resources, with centrdl staff sts allorat¢d on the basis of time spent, and depreciation charges allocated th¢ portion of th¢ ass¢t's us¢. Other support costs are allocat¢d based on th¢ spr¢ad of staff costs. TaDgible lIx 4$ts Indhvidual fix¢d assets ¢OSting £100.00 or more are initially word¢d at cost, less any subsequent ¢uMUlated d¢pre¢i&tion and subsu¢t accumulated impairnient losses. Deprttisti• xmortis4ti• Depreciation is provided on tangible fjxed &sset$ $0 4$ to write off the c05t or valuatkon. less any estimated rIdual value. over their expected USefi ecoJK)mic life as follows: Asset eliss Furniture and e4uipment Depretiatloll method #nd rnte 200/ti Straight lin¢ basis Cash cash equivAlents Cash and cash equivalttsts comprise ¢ash on ltsnd and call deposits. and oth¢r short-t¢rn) highly liquid investments that are readily convertible to a known amount of eash and are subject to at) insi8nifi¢ant risk of change in value. Page 7
Chievel¢y Recreational Centre Not¢s to the Finan¢ial Statements for the Year Ended 30 April 2025 (continued} Fund $truttre Unrcstrieted income funds ar¢ general fi]nd$ that are av8ilable for use at the trustees discretion in furtherance of th¢ obj¢¢tiv¢$ of the charity. Restricted income funds are those donated for use in a particular arvd or for specific purpose& the use of whi 1$ restricted to that area or purpose. 2 Ineome from day to day divitie3 Utsrestrlcted nds GenerAI Tot1 2025 Hall and ground rents Bank int¢rest received Clothing bank receipts Market rents Pole wayleave 44.243 5,806 1,400 371 23 44,243 5,806 1.400 371 23 51.843 51.843 UThre5tricted funds Gentral Total 2024 H7411 and ground rents Other rents r¢¢¢iv¢d Bank interest receivcd Clothing bonk yeiPtS Market rents Pole wayl¢ave Sundry in¢ome 36,034 I,5 1,258 1,207 320 23 449 36,034 1,905 1.258 1.207 320 23 449 41.196 41,196 Page 8
Chieveley Recreational Centre Notes to the Financial Statements for the Year Ended 30 April 2025 (continued) 3 Ineome from graDts received Unrestri¢ted funds General Restricted funds Totsl 21125 Multk use games area Playground and grounds Sundry General ¢apitsl Vision 2050 1,940 1,940 3,244 643 10.000 21,000 643 10,000 21,lJOO 31,(A3 5.184 Restrirted fulld5 36,827 Totsl 2024 Multi use gaTll¢5 ar¢a Playground and 8fouDds 1.940 6229 1,940 6229 8,169 8,169 4 Ine&me from fundraising Unrestricted fund$ General Tot81 21125 200 Club (net of proceeds) Cuppa n Cake {net proceeds) Fireworks (net pro¢eeds) Village fete (net proceeds) Donations East¢r Mark 2,850 891 11.252 362 735 610 2,850 891 11.252 362 735 610 16.700 16,700 UDrwlri¢tl futtds Getttral Totsl 2024 200 Club (net of pmeeeds} Cuppa n Cake (net proceeds) Fireworks (net proceeds) Village fete (net proced5) Donation5 ,877 505 9.245 130 670 1,877 505 9.245 130 670 12,427 12,427 Page 9
Chieveley Recreational Centre Notes to the Financial Statements for the Year Ended 30 April 2025 (continued) 5 ExpeThd1re on eharit*ble #ctivities Unrestrirted funds GeDer81 Re8trAeted funds Totsl 2025 Wages Cleaning Supplies ElccthGity (net tsf r¢fimds) 18,673 3,581 8.886 247 1,197 3,680 828 865 4.431 189 925 l8,673 3.581 8.886 247 1,197 3.680 828 865 4,431 189 925 2.172 6,453 1,235 fjoo 436 708 14 113 2,547 237 Water Insur3nce T¢l¢phone and internet Postage, station¢ry and ¢omputer costs Hall maintenance Subseription5 Sundry lin¢lusive of data protection and trJining costs) Skate rdlnp and MUGA Grounds maintenance PlaygroLmd maintenance Li¢¢n¢es Advertising Audit and accountancy Bank fees Entertainment Vision 2050 proj¢¢t D¢pr¢ciation 2.172 6.453 494 600 436 708 14 741 2.547 237 55,104 2.913 58.017 Page 10
Chieveley Re¢r¢2tional Centre Notes to the Financial Ststements for the Year Ended 30 April 2025 (continued) Unre5trieted funds Genergl R¢s¢rieted funds Total 2024 Wages Cleanin8 suppILes Electricity (net of refunds) Rates Wat¢r InsuraTh¢¢ Telephone and intcrnet Hall maintenaTh¢¢ Subscriptions Sundry (inclusive of data prote¢titsn and training costs) Skate ramp and MUOA Grounds maintenance Playground maintenan¢e Li¢¢n¢¢s 11.236 4,452 3.266 244 876 4,237 651 11236 4.452 3,266 244 876 4,237 651 4,939 180 1.594 417 11.378 307 1,073 4.939 180 1.594 417 2.473 8.905 123 1,073 41,776 3,074 44,850 6 Tru8t¢u remuneratioll #nd e5penses No trnst¢¢s, nor any persons ¢onne¢t¢d with them, have rettiv¢d any r¢rnunerntion from the tharity during the year. in respeet of their mles &$ trllstee. Where trnstees incur costs directly on behalf of the Hall, these expenses are reimbursed against the productio of a valid receipt. 7 T4xatiDn The clwity is a registered charity and 1$ th¢r¢for¢ ¢x¢mpi from tsxation. Pag¢ 11
Chieveley Recreational Centre Y4otes to the Finan¢ial Statements for the Year Ended 30 April 2025 (¢ontiDyed) 8 Tangible fixed assets Furnitsre ADd equipment Tot•l Cost Additions 2,045 2,045 At 30 April 2025 2,045 2,045 Depreei%tiort Charge for the year 237 237 At 30 April 2025 237 237 Net book vAlue At 30 April 2025 1.808 9 C*ih attd easb equfvalents 2025 2024 Bank current accounts Bank deposit accounts 38,899 l61.690 17,381 136.448 200.589 153,829 10 Credltors: falling due witbiD ODe year 2025 2024 Refundable damage deposits 3.066 1,935 Page 12
Chieveley Recreational Centre Notes to the Financial Statements for the Year Ended 30 April 2025 (continued) 11 Funds B91aDce at 31b April 2025 B41gDte at I May 2024 Intoming resources Resources ¢XP¢Dded Tr8D8fers Unrestricted funds Day to day fund R¢plaeement at regeneration r¢s¢Jv¢s fiujd Refurbishment fid Playground attd grounds ffijnd G¢neTai capitsl fimd Vision 2050 fund 15299 69,270 (48,157) (1,497) 34.915 16.000 98,689 (16,000) 16,000 114,689 (6,947) 6,947 10.000 21.000 10,000 21,000 129,988 100270 (55,104) 5,450 180,604 Restrleted funds Skate rarnp and MUGA Playground capital fimd 16,456 5.450 1,940 3,244 (2,172) (741) 16224 2,503 (5,450) Total restrleted funds 21,906 5,184 {2,9l3) {5,450) 18.727 Total fund5 151,894 05,454 53,017 199,331 Bal8nce gt 30 April 2024 Bal8iice At I M*y 21123 Incoming resourctg ROUrceS expended Trangferg Unrestricted funds Day io day fvnd Replaceme at regeneration reserves fimd R¢furbishm¢nt fiu Playground aDd 8rounds fund 2,612 54.463 {32.994) 18.782) 15.299 16,000 98.689 16,0(10 98,689 {8.782) (41,776) 8,782 117.301 54,463 129,988 Restric¢¢d Skate ramp and MUGA fimd Playground ¢apital fund 14.933 80,477 k,940 6.229 (417) (81.256) 16,456 5,450 Toi#l rtstrActed 95.410 8,169 181,673) 21,906 Totsl funds 212,711 62.632 (123.449) 151.894 Page 13
Chieveley Recreational Centr¢ Notes to the Financial Statements for the Yeydr Ended 30 April 2025 (continued) 12 Analysis of net 95sets between funds Unr¢stri¢ted fund$ GeneTg1 Tot•1 fvnds 8¢ 311 April 21125 Restricted fuDds Tathgible fixed assets Current asset5 Current liabilities 1,808 181.862 {3,0661 1,808 200,589 (3,0661 199.331 18.727 Total net &8sets 180.604 18.727 Unre5trided ds General Total futhds at 30 ApAI 2024 Restricted funds CwTent a85ets Current liabilities 131.923 1,935 21.906 153,829 Total net assets 129.988 21.906 151.894 Pa8e 14
Chieveley Recre8tlon8l Centre Treasurer's Report to the AGM- 10 September 2025 Year ended 30 April 2025 Treasurer's Annual Report for the Year Ended 30 April 2025 l am pleased to present the Treasurer's Annual Report for Chieveley Recreational Centre for the financial year ending 30 April 2025. This report provides a comparative analysis of the Centre's financial performance over the past year5, highlighting key developments, trends, and the overall financial health of the charity. TnWÉ Charitable Objectives First, I thought it might be worthwhile restating what are the objectives of the CRC, as set out in its constitution documents. so that we might have those in mind as we run through the accounts.. The provision and maintenance of a village hall and recreation ground for use of the inhabitsnts of the parish of Chieveley without distinction of political, religious or other opinions. including use for meetings, lectures and classes and for other forms of recreation and leisure time occupation. with the object of improving the life of the said inhabitants. Overvlew The financial year 2025 marked a significant period for the Centre following the exceptional expenditure in 2024 related to the playground project. Continuing with the momentum of improving the facility, focus began to tum to Vision 2050.. Total income increased substantially from £62,632 in 2024 to £105,454 in 2025, Tepresenting a 68% rise. This growth was driven by higher hall and ground rents, increased fundraising proceeds, and substsntial grant income, particulady for the Vision 2050 initiative. Expenditure decreased markedly from £123,449 in 2024 to £58,017 in 2025, reflecting the absence of large capital projects and a more stsble operational environment. As a result, the Centre recorded a net surplus of £47,437 in 2025, compared to a deficit of £60,817 in the previous year.
Income Analysls Income from day-to-day activities rose from £41.196 in 2024 to £51,843 in 2025, largely due to increased hall and ground rents and higher bank interest following my fixed rate investment of the reserve funds with Unity Trust Bank. Fundraising income also saw a notable increase, rising from £12,427 to £16,700, with the Fireworks event contributing over £11,000. Gift Aid claims were modest at £84, down from £840 in 2024 but l am anticipating an increased amount in 2026. as the bench projert resulted in further Gift Aid claims in the early part of the current year. Grant income nearly quadrupled, increasing from £8,169 to £36,827. This included £31,000 for the Vision 2050 proje¢ with £21,000 being restricted to specific purposes and £10,000 being available for general renovation funding, alongside the CPCS grants for the playground and multi-use games area IMUGAI which the Chair and l agreed with the CPC at the back end of 2024. The CPCS grant payments were lower for 30 April 2025 with the CPC deciding to retain the capital playground improvement amount in their own accounts. Expenditure Analysis Charitable expenditure fell significantly from £123,449 in 2024 to £58,017 in 2025. The previous year's figure included £78.599 for the playground project. which was not repeated in 2025. Operational costs such as wages, utilities, and maintenance remained consistent, with increases in wages and electricity costs, the former consistent with increased rates of pay and increased levels of work to support the increased activity from letting and as preparation for thevision 2050 projecL The year-on-year'increase. in electricity costs is remarkable, only because the 2024 year included reclaims of historically overpaid costs which were being held on account by Scottish Power. The reclaim of those reduced the annual cost in the P&L. In 2025 the costs paid have reflected the months electricity used through timely submission of meter readings and so no refunds were due in that year. Grounds and playground maintenance costs were lower in 2025, and depreciation was introduced at £237, reflecting new asset additions. I have begun to account for items with a useful life of more than one year in the balance sheet. which has not been done in the past. Restricted expenditure in 2025 was limited to £2,913, primarily for the skate ramp (which was successfulty renovated thanks to the Grounds Manager's input) and playground maintenance (predominantty the cost of some vandalism to the flexi-glass on the see-saw and the cost of quarterly safety inspections} compared to £81,673 in 2024, which is hard to compare as this would have been playground replacement costs.
Fund Mov¢ments and Reserves The Centre's total funds increased from £151.894 to £199.331. with unrestricted funds rising from £129,988 to £180,604. Restricted funds decreased sli9htly from £21,906 to £18,727 due to the completion of certain capital projects. The unrestricted Day-to-Day Fund grew from £15,299 to £34.915, reflecting the strong operating surplus. The RefUiShment Fund increased to £114,689 following a transfer of £16.000 from the Replacernent and Regeneration Reserve, which was subsequently closed. That transfer was to onsolidate the two funds into a single Refurbishment Replacement and Regeneration ReseNe. New funds were established upon receipts of grants. for a General Capital Fund {£10,0001 and Vi5i0n 2050(£21,0l, in anticipation of the investment in the Centre's infrastructure and strategic development through Vision 2050 roof replacement and solar power projert along with the refurbishment of the ladie5 toilet5. and the need to be able to demonstrate the use of grants funds in these projects. Balance Sheet and Flnanclal Posltlon Cash at bank and in hand increased from £153.829 to £200,589, demonstrating improved liquidity which was very welcome ahead of the Vision 2050 project. Creditors rose modestly from £1,935 to £3,066, primarily due to holding more significant sums in refundable damage deposits due to increased activity at the Hall. Tangible fixed assets were recorded at £1,808 following new equipment purchases la key Safe, the dog bag dispenser and its post and 14 deckchairs for use at Hall eventsl. The reconciliation of Cash to Net Funds is as shown in the accounts.. 202< Fl¥•d ass•ts Twbk469dS llssèts Cath thtbJllkxdillhJrd 200,589 Cndlt•rs.' fthi du•llbth er io ta$sets 199J31
The Centre remains in a strong financial position, with sufficient reseNes to support ongoing operations and future projerts. The trustees continue to manage funds prudently, ensuring sustainability and alignment with the charty'5 objectives. Conclusion The financial year 2025 has been one of growth for Chieveley Recreational Centre. The Centre has successfully begun to diversify its incomè streams, and laid the groundwork fOrfUtu development through strategic grant funding. The trustees remain committed to maintaining financial stability while investing in facilities and services that benefit the local community. I would like to thank all trustees, volunteers, and friend5 of the Hall for their continued dedication and contributions throughout the year. In particular I would like to thank the welcome efforts of our Chairman, who drives the thing forward,. and to make a special mention and thanks to Allin Miles, who despite having moved out of the Village has continued to give his support through the year, and continuing into the nert on the Vision 2050 project.
CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustees Charily Namè Chleveley Recreational Centre On accounts for the year ended 30 April 2025 Charity no (rfany) 296892 Set out on pages I report to the trustees on my examination of the accounts of the above Charity (Yhe Trust") for the year ended 30 April 2025. Responslbllltles and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charitles Act 2011 (Ihe Act"). I r8POrt in resped of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have ¢ome to my attention in connection with the examination {other than that disclosed below.) which gives me Cause to believe that in. any material respect: the accounting records were not kèpt in a¢¢ordance 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 requirem8nts conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Yrue and fairf view which is not a matter consid8red as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which att8ntion should be drawn in this report in order to enable a pr per understanding of the accounts to be reached. Please delete the. in the brackets if they do not apply. Signed: Dato: 0311212025 Name: Mike Weeks Relevanl professional qualification(s) or body IER Oct 2018
(rf any): Address: SfF Section Disclosure Only complete if the examiner needs to highlight material matters of concem (sae CC32, Independent examination of charity accounts- diredions and guidance for examiners). Glve here brief details of any items that tho examiner wishes to disGIo$?. IER Od2018