REGISTERED COMPANY NUMBER: 188704 IEngland and Wa1¢5} REGISTERED CHARIry NUMBER: 297633 TYuste•s and ited Fin Sireets Melhwdl Gar(1 Lrtj Bum BL Comwall EX23 8BX
rBation Ground Contents of the Financial Stafeme ltsr the Year Ended 31 Dewnber 2025 Pag• Report ofthe TnMte•s Independent Examln•f$ R•port ststèm•nt of Fkn8nel•l Athl¢les Bol•fK• Sheet Nots8 to th• Flnanclal St*t•m•nts
ROC0 G of the TnJslee8 forthe Year End 1 De¢ember 2025 The trustees who are difeclors of the thatty for thè puvtx)5es of th8 Ccryanies Act 2(L. present their report with the financial statements of the chanty the year enthd 31 Derxnbw 2025. The bwstees hav6 adLptwJ th& provisions ol Accounting an¢J Repo"ng by charl." Statémant of RecxxnrneThl&l Prac11 Kable to d)ants"es prepanrvJ their accounts in accordan Finanoal RewrbrvJ StaThlard icable the UK and Repubtic of Iieland IFRS 1021 lellectNe 1 JanL43ry 20191. The financi?1 statents have been prepar&l in &c(¥dan wth thè ctyJnb"ThJ set crt in notes to the acLounts and comply th tha tharrtls wvèmirYJ (SooJrYn( Ihe charl Act 2011 aThY A0unIVj at by Charitie8" statement of R8mrnmend8d PraCts aprIble lo tharIt$. prepanrg their a(tounts in accordancè wth the Finanaal Reporting St3ndard arrf)1 in UK81 RetrA of IreTrY. leffethp 1st Jan(wi 20191 OBJECTIVES AND ACTIVITIES The onginal charter states that the Ccffi5 aim is lo lei8we tsLyths for pec aThJ Mtyjay wsrtors at an affordatO pnlx. FurthwTrw)rn, the compary has cforatsd a poly wN"th ts Iw'r tth in wncW• and wactr•. The trust898 aim to this by ¢mF4JyThJ thtr stratg3W'. al Seekir4J to prrynote the avaiL9bdty Of vark)us kn'lths proM¢knJ. to MterS oflhe thalty and by encouraging rntr$hiP ofts 1rKwntst Ilenni8 dub. squash dub aThJ bolls thbl. bl Ensuring maintenance. wkeep and where pc6sb wgr&Jing ofkn"1rt L8 a regLlarbasls. The trustees must 8nswe th6 rMpanY rem•ns &y its th¥n sl¥al and inu¢ases relt this However, th8 buildiNJ of a substantsl profit ts nLX an obJe(ve. The o)rnpany'5 assets are heky to perrnrt rt to c¥wate sucre5sfv1ty m ac([thn wrth its thart&r. T fraahokj prop¢ty and prernises, its Ma1 asse( 15 in a posi enWr(nI8J senstbwty ¢alL8 fw vèry c¥8hJl manag8m?nt In setting their ¢Ie¢l aTrJ planniro thtyr acty'W the trwteeg hm gThn carefijl oJrntyJ•rabon to lh• ¢h4nty Cornmissiw's ger81 gubJ? ¢)n There h¥ve teen TrJ maierial (rys ttE cunptys KIeS past year. ACHIEVEMENTS AND PERFORMANCE Durin9 the year thè fruste•s ha aclsv•a th• mwn ahrA and of ts carity. the faalrties 8ThJ maintaining Ihtsm to a high st8Nlard. This has led to contrthJ w of the laolrtm by F•C(48 I1Ualty Ihrthffjh m1mberth of the dubs and by holiday wsrtors. FINANCIAL REVIEW Flnanclal posltlo The company's actounts a net SU ol £48.514. ccmpard to £42.010 n 2024. Incomiry S(JrS sh¢M a Crease of £2.3 fr(m £168.823 in 2024 to É171.726 In 2025 The company's pTrncipal funding sourc L8 tha pfovtsKm ol ku"lities. The rnaJ ol )C1)me recewj B fvryn thg pro1 of mini golf and crazy goff. R•sourLW ey4)en(knl have (kna8¢d by £3.801 £126.813 in 2024 10 £123.212 in 2025. At year end. the total luTrJ ba1ce Indj$r0 share captsl (xjnt&j to £3W.452 1£341.938 20241 Al fvJThJ5 are eemed unrestncte(l Reseryes we mainty heky m Ihe fomi of fiXj assets whth a twuired to rneet Ihe compatys objectives, aNJ cash and bank baLOn whth are to fmj ong(MNJ maintenarK8 and improvements. The company oJrrenUy has Sufft IK4u¥J resou$ to rts cwteirt a5 they f811 (kje. Paje I
ecfealion GrouThJ Re rt of the Trustees for the Year Ended 31 D8cember 2025 FINANCIAL REVIEW Reserves policy Th8 unrestricted re$Ve5 of the ccmpany £39).452 at the ¢1 arky 8 substsnb.al part of thtr rEs8rv8s 1$ the tsngl)le fixed assets ty0yed by tbe cc¥npany lor ts (tharIta purwse The truslees tEIEve that for finanual stability the available reserves (the ri ¢)Jrrent assets) slKwJd at knt 5uffwl Io CLJ4er o)sts for a of ts58lve moTrths. The Costs lor 2025 amounted to ard £123.(n). In &JdOn. the trustee5 aL80 recogntse reserves habe to te set &%Klt for fvtttjre lfbtshrnent ol the faalits rt provhjes. The thjstees t4ve that the reseNes to bè up on a roty basis io covar £70,Ct¥J cnsis ov8r a t¢n year pariod. The trustees ar• also awarè of otr rtk. Ihè tsjrpany has to (4).n fiocJ inuranco, tha trtS that is Is important to ereats a flcLYl lurMI r$8N•. Th thl of the re8wve i8 but the trustees tlieve that 1$ sèn&ble lo aim to buikl 8 resarve of £100,OCI)+ Therefore in totsl the Inthes telEve Ihe ret t)Jent assets shj L tewn £123.c ar £293,C(rf). The availab raserves at tho y&ar end £215,075 frdls into Ihe ofihts roryg. Golng conc•m There ar8 no m8tial urtsrtainlipi overgotr#J rA)nwn STRUCTURE, GOVERNANCE AND MANAGEMEI Gov•mlng Docum•nt The tharity VJ 8 pnv8te company limrt&J by shares i5 regole In En4%1 and W8493 Its governiThJ doMwnt is ts MemcKarKYum aTrJ Arbdes ol AssOoab"c. as ameThJed on 161h May 1987. kn thantabb status was granted. Appolnlm•nt olTru•t Trusteos a appnted by Invrtatth from b. Organlsatlon Thè board of trustees m8èt formalty èvèry finthS Matter5 betsten rne8b.r are g8n8r• haThJK8d by th& ehaiman or tha stary, d¥atsd aufv)rty. who 11 repryt bac at next meets"rKJ. Indueort and tralnlng of n•w In## Trustees a aware of their Wl oblKJalw uThJer charty aThJ oryny Law trustees rle a copy ol th• cynpanls Mem(YaTrJm WKI Arb'des of Ass00"atl. and are made &¥aro of wocsdurs * trus rneetsngs, the deri8vJn pr689. aTrJ recent fjnanoal pWl0nnan ofthe Lanty. In the event of a rW apwinknnl, the company se(xetary and the Laim)ath pinty r8rged wth bnefing a new trustee cfi thr a¥JaIlOns Extemal training by the iY)arrl. Is o)rLsbJer•d to be usefrjl for tt)e owoing st8wardshp ol chanty, ts att•rKlad by thè trustéès pjss R•lat•d Parti•s The has been no reimbuwnent ol exwses cf remUTr to trstee$ dLmThJ ffia p8nt#J Trongxoro bets4en the company a1 Ihe Mdivu81 dubs are not cA)nsKIe lo tr r4ate(S pafty transa(knns. REFERENCE AND ADMINISTRATNE DETAbLS R•gl8t•rtd Comparty numtjor 188704 (Eroland and Wales) ReghtsTrd Charfty numb•r 297633 R•9l$tgtgd offi¢• Leven Tefra Bude Comwall EX23 BLA Page 2
GI(nd fortho Y•ar Ended 31 D8c8mb8r 2025 TfUSt80¥ Mrs K E Smeeth M5 A Wnateley N E Tucker MASle& K Page- resigned 22r¥l 2025 Mrs S A Pri@e G Keat N Gleed Ms K H8sk)p J Petherid(. appoint&J 17th Sept•ner 2025 Company S9¢rvtsry Mrs L n$Man Indopend•nt Examln•r Streets Metherell Gard Lirnite•J 8urn View 8ude Cornwall EX23 88X This r8FQrt has tn prep8j fti ¢n(4 th speoal provisKm of Part 15 of the Cc47)pank% Ad 2(MX rdabThJ to $mall ¢ompon$, Apryoved by ¢yder 01th8 bo¥d oltrLtogs on............ .... .... .................... •TrJ $grd on its tehalfby.. rsSA Page 3
• Han R•crtation Grou I rèport to th8 tharty tnJslee5 (fft my examination of thè of Ihe C(ryany br the Y 31st fcEmter 2025. Re8pon8lbllStlg8 and bas ol rèport As the charity'5 trustees ol the Company laThJ Jso rts diredcKs fc¥ Iha rF(s of [panY Lawl you 8fè fasponsib for tha pieparation Of acrounts in ac1x wilh the WIthrnIS oftha Companw Aca 2C Ilhe 20C6 Aet'i. Haviro satisfi& mysew that the accounts ol Ccmpany ats not 18quirwl kj te audited uThJer Part 16 of the 2Cth Act and are elKJible for IrthpeThJent examinaknn. I r8lKHt in re¥Krt of my exInaOn ol your thanty's arx))unts as carri&J t under sectron 145 01 th8 Chantie5 Act 2011 Ilhe 2011 Act'l In carrying out my èxamination I have fClk)d thè Directions given by the Chaty ccMrnLSS 14451 Ibl ol 2011 Art Independ?ntgxaMln8 8tstwnnt sin my firm also hew with th& boceep"NJ for thè Cc4npty I must a memÈ¢r ol a body trsted In sact)n 145 of the 2011 Act, which has adcytsth is $rt¢t to tha prowsths of R¢wised Elhul Stsndard 2016 ¢ssued by the Fmancial RepDrtirrfJ Cou1 IFRCI. I confimi Ihat l am qUald to uThrtake the eXination tuSe l am a mèrnb8r of th8 Institute ol Chart&rnd A¢£tsnts in EnglaThJ aThJ Wakn, knKh 15 ore ofthe listed bc¥Si%. In addrticn I confirm in my vwi the Company has"informed manwanf the trustees have mad8 such judgments and deci8ions that are neede(I reLth"c to t prwntab)n and ¢Ji8doswe of inlcm8bon in Ihe financ4al $t8t&mttnts 18ccountsl examinwj l not personalty th¢ t¢xthker. aTrJ do rerth to Ihe bothke I have oM)pbted my examinatson I confimi Matt ho rm to my attenlth w) ts)nnaebon with axaminabon givirKJ mo caus• to balth•". actountiThJ records w? kepl in re5pecA ol ts cc1npY as rewrwj ty s8clTrJn 386 ollhe 2C(fj Art. or the accounts do not accord wrth Ihc6e rewds.. or the accounts do not compty the accoJnthJ requirements of se(Xw of the 26 Act other than any requirement that the ¢its give a 'Irt and f8 whth not a matter cx)nsJered 8S Part of an IndepeThJ8nt examinat1." or the aco)unts have not tthn preparnd m 0dara thè mètr)as and ol th8 Stat•n•nt ol Recommended Practi lor xctsJnb"ng and rep)rtiNJ by tharrt laOicsbl& io tharths yepanng thar accounts In 0)rance wrth the Finanoa Reportjro StaThJard aF1 In Ihe UK and Republic of Ireland IFRS 12 I have no conctms and hove r9 ¢Xlw m8ltws connecon wth th• 8xaminabtsn to whith attents'on Shk1 e drawn in Ihk8 In to enable a prwr undwstaTrJw ol Ihe axnts to t ro¢ts3. D8wd Nuel Co The Instiknte ol Ch8risffjd Accountsn Stre8ts Meth•r•ll Gard Lirnrt•J Bum Vie Bude Corm¥all EX23 88X 20 Page 4
nt of Financial Aclivrlies ratin an Income and Ex nditure A[ forthe Y8aT Ended 31 December 2025 2025 Total 2024 Total funds UnrestrkX8a R*stn"clwJ INCOME AND ENDOV4ThlENTS FROM Charitabl8 activitias Provi5ton of facalitss 160.027 165.027 162,085 Othèr trading acts"w5 Invostmtrnt In¢cvne other incL¥lla 350 349 349 5.895 Totxl 171.726 171.726 168,823 EXPENDITURE ON Charitable actlvitlo8 Supplyl costs 123.212 123.212 126,813 NET INCOME 48,514 48,S14 42.010 RECONCIUATION OF FUNDS Totsl fiJnds brought lorwrdrd 341.938 341,938 299.928 TOTAL FUNDS CARRIED FORWARO 39OAS2 390.432 341.938 The notes fom) part oflh858 finan(ial slatwwts
704 31 De¢ember 2025 2025 Total funds 2024 Tot81 fvnds Js nd FIXED ASSETS TaNJibk assets 175.3TI 175,3TI 176.967 CURRENf ASSETS Debtors Cash at bank and hand 12 13 3,015 170,041 223.309 223,309 22&939 225,939 173.osfj CREDITORS Amounts falliry duewithin cfft year 14 1118641 110,8641 NET CURRENT ASSETS 216.076 21S,07S 164.971 TOTAL ASSETS LESS CURpeNT LIABILm&8 390.462 390,462 341.939 NET ASSETS 390,452 390A52 341.938 FUNDS unstn¢Ied fijnds.. General Share capi 15 387,952 2,$00 339.438 2.5 390,452 341.938 TOTAL FUNDS 390.462 341.938 tharrtab eompany is •x•mptb)n frcffl uTha8r S•ci)n 477 01 ts Cryryni95 Act 28 frjr th8 year gndéd 31 Dèeamber 2025. The rnerntrErs have not required ts uryany t¢ fA)lain of rts faa$ slatThnts for the yaar èndgd 31 December 2025 in acc(¥datKe wrth Seckn 476 ofthe C(ryans Act 2Cth. The trustees acnovAedgt tlwr r•spM"lbas ensuring that charitable ts)mpa)y k•8F6 %ceffitirJ r•c£rfs thai CQrnF4y wilh Sethws 386 and 387 of Companies Aci ar¥J prepanNJ fina[1 staternen15 %thich give a trL )d fa¥ wtw of the slate of affairs of the tharitsb o)rnpany as al Iha and ol èach finamal ar ar¥J rts gJWus ¢x dèfio"t for eath finarKAal year In aco)rdance wth t requirements of SedDn$ 394 8nd 395 and whth Othee vAth the wuiremerrts of the compan Ad 2(Th relatrg to finarKial stsknnts. so far as ¥FAKatrAe to Ihe chantable mpanY. Ibl These financial statlts hav• been IYepa w) acccrfdarte vthh tha apfvt4e to tharrtabk crnpan sutigct to Ihè small compans r8giff. The finanaal statements apd ty the Board ol Trusts•s authorwd for issue .. a1 sKJnJ on ts bahaw by. Pring- Tnjthe notss fomi part ol Ihese finart4al ststwnwts Pa3e6
Notes to the FinancKal Staternts
forthe Ygar Ended 31 December 2026
AcCOuNG pclEs
Basls of prepaflng the finan¢lal stat•monts
The finanaal staternents of the Chatab cxynpany. vth¢h $ a putlK benèfft enw under FRS 102, have been
prepared in %tsJrdan
ents- continued for th¢ Year Endet131 De¢emb8r 2026 ACCOUNTING POUCIES- contlnuod Tanglbl• flxed assèts The Folry of th8 dire¢tCKS 15 to maitain buqthTh> lo a gctsj stthard of repair and so In their opinK)n no deFwabon is lred as Ihe exFethd resUal ol ts txjiklings at the end of their useful life above thè carrying Val in the al. Taxatio Fund a¢¢ounWry Unrestricted fijnds can b• usert1 m accord ith the tharai L4"•ths at ofts trustees Employee benefrt• VVh¢n $mployo0s have roThJer&4 to Iho tatly. 8htyt.twm ernplrye8 benefits to the empbygas are entit are rwntsed at the uThJL8CIntsj ar1UnteXrj to te paKJ in exchar¥Je that s¥rvK The ehanty opef8tss a d•fiMd cfjnthtthcfi for th8 ter d rts empbffts Conth'bub'orns are expensed as they become payab. btor8 and ¢r¢ditor8 ¢•1¥¥bIe I wy•bt• wittmn year 00btS and uedrtors no stabj inte1 rate aThJ reLW8t4¢ ¢rf p8y)ltr wih'n Or year are reoytsj at tran$0¢tn Any frryn we rBcwwd in ewrtUre. Fin¥n¢ial instrUmts l financial instrumenis are rgo)JniswJ iThtslty 81 trartsacts.on "c• 8x¢aJwvJ tr•wc*'M ¢))sts sub8equenUy at ancrt8ed c(61. Thege Inchjde c4sh at bank. ¢Jebtcrfs Lwjrtors OTHER TRADING ACTIVITES 2025 2024 Sundry feceipts INVESTMENT INCO 202S 2024 Dep't account interest 349 INCOlalE FROII CHARITABLE A¢Tr4mES 2025 Pro$ 2024 Totsl aCts"wts fa(ilrtN8S EquiFwm&rt hire PuttiThJ Tennis 1,884 2,665 17,786 1,920 768 916 2.315 56.349 57,390 25 10,160 4,310 5.370 1,396 17.614 1616 816 Squash Tab tennis Squash eltrlty Mini gdf Crazy Golf Squash dub contnbutson to leab Tennis dubs Squash o4ub B0S dub 2,147 67.282 51.$68 291 10,fy)3 Carried forward 164,939 161,858 Page 8 (y)nbnued...
GrtyJThJ ncial Stztefflents-continued forthe Year Ended 31 Decamber 2025 INCOME FROM CHARITABLE ACThIITIES- conrtu•d 2025 Prow5 tsf faolit 2024 Total Brought ford Pod 164,939 161.868 227 16S.027 162,085 OTHER INCOME 2025 2024 KrtCh lic•n 5,895 CHARiTA8Le A¢TwmES COSTS SuFPOrt Costs Isè8 rKst¢ 71 Support cc6ts 12J.212 SUPPORT COSTS Human fesources Eslat4ishmont Finare SuFp)rt ¢¢4ts 11,478 2.737 57,570 Martenance aTrJ dee080 &)vemonce Totsls SuFport cK>s 42,813 7,314 123,212 SuFPOrt cmls, indud&J Ihe ab. are 89 Establhhment 202S Support Costs 2024 Total vities Water rates Insuran LKJht 8nd heal Adverti8ing ral rates 2.679 4,114 7,778 1,424 317 4,164 4.249 190 417 11,478 16,312 Page 9 tinu...
Ground I lo the Financl I siatements - continued f rthe Ygar End•d 31 Decefflber 2025 SUPPORT COSTS- confinugd FinarKe 202S Suppyxt costs 2024 Total 8ctiwtEs Bank char Card charges 338 2.399 358 2,242 2.737 2,600 Human 2025 Supr costs 2024 Total Wages Pènsions 66,621 1,049 52,381 1,018 $7.670 53,399 Malnt•nane• and d8prKl•Uon 202S SuprK 2024 Total a¢tiwl Ground maintenarc maintenare ol prlSe8 maintena ol equipnent Depreciation ol tarKJibb fixed 888•ts Loss on disposal of tar#jIb fix¥d assats 2,478 39,993 1.256 2,332 33,413 961 2.336 163 42,813 46.069 202$ SupkJt 2024 Totsl Legal fees AccountiNJ and Saer•tsrio1 T&phone Printing, postage and SuThJry expens6s 375 4,87S 745 108 1,211 SSO 4,800 703 128 1,062 7,314 7.243 Goveman¢g ¢08ts 2025 SuprxJt ¢05ts 2024 Tot81 actimt lThJeperthnt èxamirts' w5ts 1,300 1,200 Page 10 continued...
I I ststements- co for the Yaar Ended 31 t)Ècembw 2025 NET INCOMEIIEXPENDITUREI Net IncWexperKhturel rs ated aftwtharg¥W(rxedthryl'. 2025 2024 1ThI8pend8nt examinerf reviEwcc6ts Depreciation- ¢y•med assets Defiat on di8Fx)sal OffiX asséts 1.31 2.337 1S3 1.2CO 2.331 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, Murrati(m or cther fr)r the year eThJeoJ 31 fcanbw 2025 br ts ytr8f ended 31 D8C8mtor 2024. Tru8tso•' •xpèr Thero re rKJ trust9. 8yns89 pJ tho yw 31 Ccanbor 2025 nor frJr the year end&Y 31 December 2024. 10. STAFF COSTS 202S 2024 Wages aNI salariès other pensKJn costs 56,S21 1,049 52.381 1,018 $7,S70 53.399 The rage monttty ol wnpbyees durry ts yearwas aB Ic4kyws.' 2025 2024 Head count -8xduth.ro IrLk8t88s 11. TANGI8Le FIXED ASSETS Freehokd PLqnt and macinery Totals COST At 1 January 2Wd5 AdditicS Disposals 163.907 48,464 212,371 900 13,6161 13,6161 At 31 D8c8mber 225 163,9)7 4S.748 209,656 DEPRECIATION At 1 January 2025 Charge for year Elirninated on disFosal 35,404 1337 13,4631 35,404 2,337 13,4631 At 31 DeCtrEr 2025 34.278 34.278 NET BOOK VALUE At 31 [knr 2025 163.907 11,470 17S,377 At 31 Deber 2024 163.7 13.(0 176.967 Ind¥JJed In cost of land arKI LwJkJiTy Is ftEelyJkJ lar¥J of £10.(W12024" £10.CQJI. ntinu* ..
lion GrouFKI to the Financial Sta nued for thè Yèar Ended 31 Dembr 2025 12. DEBTOFL8: AMOUNTS FALUNG DUE bMTHIN ONE YEAR 2025 2024 Trade debtors 1,200 1,815 2,180 3,015 13. CASH AT BANK AND IN HAND 2025 Total funds 2024 Totsl fijnds Cash in hand Bank aectyjnt 95 day saver arrAyJnt 128 161.586 8,327 39,634 183,675 Total 223,309 170.041 Cash at bank c48h In h8ThJ cath srt tsrm hty•ty IKTWJ irNesbnents vthh a rnanty 14. CREDITORS.. A1uNTs FALLING DUE WIThIN ONE YeAR 2026 2024 Creditors VAT Other <¥aditar5 AccruaL% and dèfwred iwno 1,463 1.191 193 8.017 2,180 138 S,261 10,864 15. MOVEMENT IN FUNDS At 31.12.2S At1.1.25 in fvJnd5 Unmirieted lund# Gereral fund Share caprtal 48,S14 387.952 2.$00 341.938 48,514 390.452 TOTAL FUNDS 341.938 48,514 390.452 Net movemant in fvThJs. Indjad in tha atthfj or& as IThxthiNJ Rèsources Mo¥ement funds Unrgstrlrtod fvnds Gereral fun 171,726 {123.2121 48.514 TOTAL FUNDS 171.728 1123,2121 48,514 Paoe 12 continued ..
atitin Ground Note5 to the Financial Statements- continu lorthe Year Ended 31 t)ecember 202$ 16. MOVEMEpif IN FUNDS- contInl Compardlovos for m0m9nt in fvnds movement in hJnd$ At 31.12.24 At1.1.24 Lknrostrictsd fundty General fuThJ Shar8 L3Prtal 297.428 42,010 339,438 299.928 42.010 341,938 TOTAL FUNDS 299.928 42.010 341.938 C¢mparab"v• mowngnl wi fuThJ$. incabJgJ a5 fclTh¥s'. InctmiTrJ RscyJrcs$ Movement in funds Unrn8trlctsd fund• General fund 168.823 1126,8131 42.010 TOTAL FUNOS 108,823 1126,8131 42.010 rthorised share ca1 has boon allottod. p9 in ful. Numtser CLgss NcnKial Vdua 2025 2024 Ordinary £1 2.500 16. RELATED PARTY DISCLOSURES The no rekted paty disc4osures lor tr* eThJed 31 2025. rhy the ye8r ended 31 D8cembef 2024. 17. DIRECTORS. AND OFFICERS. LIABILrrY INSURANCE The ¢xMnpany has taken oul Insuran ¢Thr re98ry lt$. offtys. liaiylity. Thè •ntyJnt paid foT th vgr in the year was £19312024.. £2481. Page 13