Charity R•glstration No. 298305 THE BATHURST PARK AND RECREATION GROUND TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 THE BATHURST PARK AND RECREATION GROUND TRUST LEGALANDADMINISTRATIVE INFORMATION TTu•tse$ Lydney Town Council Charlty number 298305 Addre88 Claremont Hou$¢ High Strèèt Lydney Glou¢*st•rshire GLIS SDX IMlepond•nt •xamlner st&phen Humphries Grrffiths Marshall 20 Neweme Streot Lydney GL15 5RA THE BATHURST PARK AND RECREATION GROUND TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Th? trusts$s PTasenl their annual report and financial staternents IDrth• year ended 31 bJ8rch 2025. The accounts have be¢n prepared in accordan￿ wtth the accounting poll¢ig5 set out in note I to tho accounts and comply with the charit￿$ governing document. the CharTbes Act 2011 and thè Statèment of Rectsmmended Practice, "Accountng Reportvig by Charitie8" lapplKable to eharrt*s prepamg their aLtounts in a¢¢ofdanc• with FRS1021. Objectives and aetlvft168 The objective5 of the charity as set out in its govemlng document are the pmwsion and mainlenanco of Bathurst Park and recreab.on ground prO￿ding public t)ongfft to the residents and visrtort of Lydney. The Iruslees. have conylied wth their duty to regard to guidan¢e on Public Benefft publishod by the Charrty Commi$sKJn in exèrcising their powets and dutias. The trustees have paid due regard to guidance issued by thè Charity Commi5$itsn iti deLYding ￿al xlivi1105 th• ¢h8rty shoulo undartake. Achievements and performance Thè charty has continued work in maintslning Bathurst Park 8nd Recrealton Ground in furtheran¢e of Public BenefrL Flnanclal review The trugte$$' believe thatthe charity has ad8qual$ reseThes to finan¢è its act￿￿•S frjr the immediat• futufe. It is the policy of the charty that unrestrictsd lunds which have not been designated for a spe¢ifi¢ uso $hould be maintained at a lèvel sufficient to ensurè that, in th8 event of a significant drop in fijnding. thè eharws current activrties ran be contimued whilo consideration is gNen to ways in whtch addi£K)nal funds rrAy be iaisèd. This lèvel ol reserves has been maintsined throughoutthe year. No funds are in defidL The trustees has assessed the nmjor ri$ks to which the charty rs expo$¢d, and are satisfied that systèms are in place lo mrtigate exposure to the mapr risks. The plans IDr future poriods are to ￿ntinuts the ehaiitys Existing work. stwdufe. governance •nd manag•m•nt The charity wa5 eslabSishod by a charitable trust detrd on 14 Novamber 1893. The trusteès. who served during the year ¥wrè'. Lydney Town Council No olhor trustees will be recruitgd or appointéd. The twstees. r¢portwas airthorised by the TTUSt Sècretary and Signed on b¥half of th• Trust. Trust Se¢r¢tsry Dated.. 4 June 2025 THE BATHURST PARK AND RECREATION GROUND TRUST CONTENTS TnJsto&s' report Independènt examinerfs raport statemant of finanaal activf( Balance sheet statement of Cash fiows Notes lo the financi81 statements 6-13 THE BATHURST PARK AND RECREATION GROUND TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BATHURST PARKAND RECREATION GROUND TRUST I report to the trusttes on my exarninatk)n of the financial slat•ments of The Balhur5t Part and Re¢r8ation Ground Trust ltt)e ¢harityl forthe ygar èndad 31 March 2025. Re¥ponslbllltleB and basls of report As the tnjstees of the char5ty you ar8 responsible lor tha prepaTalion oltho f¥ianual statemerbts in a¢cordance the requiremants of the Chawib•sAct 2011. I report in respecl of my examination of the charty's finanaal stat8ments carried out under 58etion 145 of th¢ Charitbs Act 2011. In cairying out my èxaminabon I have followed the Oifèctions given by the Charty ConNnission undÈr section 14515Xb) ofthe Charf(tes Act 2011. IndepwKlent examinerfs statemettt I have completgd my exaw4nalion. I confirm that no matters have come to my ¥ttention in connection with thtr eXa￿natIOn g￿ing rnÈ eauso to believe that in any m?terial respect". ?ccounb'ng re￿T￿5 were not kept in respect of thè charity as Tequifed by section 130 of the ChaiiO8s Act 2011. the finan￿81 stst•ments do not accord with tht)se records., Or the financial statements do not comply wrth the applicable requirements concgming tho form and contènt of financial stalem&nts sel out In the Charitiès (Accounts and Reports) Regulations 2008 other than any requirement that thè financial ststemènts gNe a truè and fair view. which is not a wtHtter considerod as part of an independent examination. I have no concerns and havg comg across no other matters in conneotlon with the examination to whi¢h attention should ba drawn in this mport in ordpi to enable a p¥op•r understandlng of the financial statements to be reached. stephen Humphrles Grifrrths Marshall 20 NewÈrn• Street Lydney Glou¢eslarshire GL15 5RA Dated.. 4 June 2025 THE BATHURST PARK AND RECREATION GROUND TRUST STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unre•tricted Unrestrthd lunds funds 2025 2024 ltt¢ome and endowmpnts from: Donations and legacies Charf(able a¢tivities Other trading activ￿¢$ Investments other income 87.547 11.403 11.435 1.149 7.114 52,200 9.259 10,C)38 1,315 12,754 Tcéal In¢omg 118,648 85,566 Expenditure on: Raising fund$ Charrtablo actwities 8,419 89,111 10.061 98,811 Totsl expanditure 97,530 108.872 Net ih¢omel(expendrture) and mov•ment In fundg 21.118 123,3061 Raconciliation of funds: Fund balance5 at l April 2024 461,471 484.777 Fund balan￿ 4t 31 March 202S 482.$89 461,471 All income and expendItu￿ is unrestricted, and derivtrs from continuing activrtles. THE BATHURST PARKAND RECREATION GROUND TrUST BALANCE SHEET AS AT 31 hlARCH 2025 2024 Flxed assets Tangible assèts 14 314,572 331.033 Current ass•t8 Debtors Cash at bank and in hand 15 9,091 160,438 124,886 169,529 132,429 CreditorB: amoun1$ falllng due wllhl one y•ar 16 11,S121 11.9911 Net cvrrent assets 168.017 130.438 T+)tsl aB¥ets less current Ilabilitiè8 482.589 461,471 The fvnds ofthe ¢harty Unrestricted ftAn¢J$ 17 482,589 461,471 482,569 481,471 The financial statements wers approved byth• trustees on 4 June 2025 Lydney Town Council Trustee THE BATHURST PARK AND RECREATION GROUND TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash fkyws from oper4tlng activities C86h generatèd fromllabsorbed by) operations 19 34.403 {8,5731 Investing aetlYltl•s Purchasg oftangible fjxed assets Investment income received 117,1241 1,315 1.149 Net cash generated frornllus¢d In) inve¥ling aetivitles 1.149 115,8091 Nèt cash used Sn Ilnan¢lng aotlvttles Net Increa8el(d¢creaBe) In cash and ¢4$h equivafents 35.552 124,3821 Cash and cash 8quivaknts at beglnnlng of ygar 124.886 149.268 Cksh and Gash equlv•l¢nts at end of year 180.438 124,886 THE BATHURST PARK AND RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ounting WklgB Cknarity infomiation The B4thuTSt Park and Recreation Ground Trust is a charitabl8 tNst. 1.1 Accountlng ¢onvgntlon The financial statements have been prepar8d in accord•nc• with the ch8rty% goveming document. the charities Act 2011, FRS 102'fhe Financial Reportin9 Stsndard applicable in the UK and Republic of Ireland. and tha Charities SORP "Accounting and Reporting by Charth'es.. Statement of Rècommended Pra¢tice applicable to Char￿e5 proparing their #ecounts in accordance with the Financial Rgporbng Standard applicable in the UK and Republ￿ of Ireland IFRS 102).. The charty is a PublK 8on•fft Entty as defined by FRS 102. The financi81 stat&menls havè departed from the Charit*s IAc(xiunts and Reports) Regulations 2008 onty to the extent required to provide a true and falr vi6w. Thks departur• ha5 Invo￿ed following thè Statement of Recommended Pra¢Xic8 for charitiès applying FRS 102 rather than the Ye￿￿)n of the Statom•nt of Recommènded Prath"eè which is Tef&rred to in the Re9ulations but￿h￿h has since been withdrawn Thfj accounts arg pr•pared in stèrlin9, which is the functional currency of the charity. The finaneial statements hav• been pfoparad under thè historical Cost convention. Th• principal accounting poIc￿S adopted ar• set out bètow. 12 Going ¢oneem At the tin* of approving the financial statements, the trustee$ havè a reasonablo expectation thst the charity has adequate resource5 to continuè in opèratDn81 existence lor the foreseeable futuw. Thus tho twst•os ¢ontinue to adopt the going ¢oneern ba51¥ of accounting in Pf¥paring the finaa¢ial statemants. 13 Charitable lunds Unrestricted furjds are available for u59 at the di5eretion of the trustees in furthtrranee of their rhafitable objectives. RÈstn"eted fvnd5 ara subiect to SPgdfic conditions by donors 85 to knv they may be used. The purposes and usès of the restrirtad fijnds are sèt out in the notes to the accounts. 1.4 In¢ome Inc(trm& is recognised when the charity is legally ontitled lo (É after any perforrnanca condit￿n$ have been m¢t. the ar￿Unts can bg moasured relKgbly, and r( is probabla that income will be rerAived. 1￿ Ex￿ndIture Expendithre is r8cognised once there is a 1è9al or constiuthe obligation to transfer econon¥c benefit to a thlrd paty, it is probable that a transfer of economic ￿nefitS will ￿ required in settlement. and tha amount of the obligation can be mgasured reliabty. Expendrture is ckssified by activty. The ￿St$ of each are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each actNity. Dir¢ct costs attributable to a sing activty ere 8110¢8ted directly ta tnat activity. Shared costs which contributè to more than one activty and support costs which ale not attributable to a singk aetwtty are apportioned bethén those actNit￿¥ on a basis conslstent with the usè of rèsources. Central staff costs are alio¢at¢d on the basi5 of time spènt and dèpreuathjn charges are alkK•lgd on the portvn of the assets us•. Rgsources expend•d are reeognisod in tha pwiod in whKh th¢y are incurred on the a￿rual5 basis, THE BATHURST PARK AND RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcl•s {Contlnu•dl 1.8 Tanglble flxed assets Tangible fixed assets are intlialty measured at cost and subsgquentty maasurgd at eost or valuation, net of depreclatbn and any impalrment losses. Depreciation is Te¢ognised so as to write off the cost or valuation of assots less their residual values ovor their u6oful liv￿ on the followng tsa50S'. Land and bulldings FL%turÉs, fittings & equipmént 4% stRight lin¥ basis 20% straight line basis The g?in or loss arising on the disposal ofan asset is det¢m)ined as the diffèrence befvfften th¢ sale proceeds and the earrylng value of the assè( and is r8cognised in the strte￿nt of financial actmbes. 1.7 Impairment of flxed assets At gaeh rèporting end date. the charity rewews the carrying amounts of r(s tangible and intsngible asset5 to determine whtsthtr there is any indic*ion that those assets hava suffered an impaimienl 10s5. If any such indication exists, the recoverable of thè asset is e5timatsd ki order to deterrrin• the extent of the impairment loss lif any). 1.8 Cash and cash equlvalents Cash and cash equlva￿nts indude cash In hand. deposits held at ¢all with banks, other short-terni liquid inveslnk¥Jts wÈth original malurtb.ès of thrae months OT lèss, and bank overdrafts. Bank overdrafts are shown wf(hin borrowing$ in current liabilthe& 1￿ Financial instruments Th¢ charty has eleL*ed lo apply the provisions of S•ction 11 'Basi¢ Flnancial Instwm?nts' and Section 12 'othèr Financial Instruments lswes, of FRS 102 to all of its financial instrumgnts. Financial instrumerts ar8 r*cogt)ised in the thartys balan￿ shètst when the charity beMm$s party lo the contractual prNslons of the instrument 8•sle flnancial amets Basic financial assèts, which include debtors and cash and bank balances. aro Inttlalty mèasured al transaction prtce in¢ludin9 transaction costs and are subsequenyy earried at amorti5e¢J cost using Ihe effectve Intèrast method unles6 ttrte arrangement conslrtutès a fjnancing transgLIK)n. where the transaction is mea5ur¥d at the present value of thè future receipts discounted at a market r8te of inlore5t. Financial assets classified as rècefvablè wfthin one year are not amoitis8d. kgaslc fln•￿I&ll1a￿Illtses gasic financial liabi1rt1è5, including creditors and b¥nk loans are inibally rewgnised at transadion prke unless the ?rrangeN*nt constitutes a financing transactictn, whero the d&bt instrumènl is meas¢Jred at tha prèsent value of the fvturo payments discounted at a market rate of intèrest Financial liabilitios elassffied as payable wrthin one year are not èrnrtised. Debt instrum8nts are subsèquentty carried at aThKJrtised eos( using the effeclive interest rate n*thod. Trade creditors ar¢ obligalions to pay for goods or sèrvices that have bÈ8n acquired in the ordinary course of operadons from suppliers. Amounts payable are Classified as current liabilib.ès if payment is due within one year or less. 11 not they are pr¢santèd as non-cuwenl Iwbilibe5. Trade creditors are racogTrised intsally at tran5adion pric• and subsequently m¥asured at amorb.sed ¢ost u$ing the effedNè Intèrest n￿thOd. THE BATHURST PARK AND RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢countlng pglicies (Continued) Derecognltlon of financial lialjllldas Financial liabililies ai• dereo)gni8&d when thè Charity's corrtra¢tual oblgal¢ons èxpire or are discharged or cancèll¢¢J. 1.10 Employee beneffts The cost of ben¢ffts for e￿WI￿y&tS, including any unused holhlay entitlomert is recognisad in the period in which tho employee's $eNice5 arè rèceived. 1.11 Unrestricted funds Unrestrletad funds are Nicoming re50uvces rece￿able or generatèd for the objocts of tho charty without rther specifjed purpose and are available as general funds. 1.12 R￿trIcted furÈd• Restrictèd lunds are subject to 5￿CifiC condthons by donots or grantors as to they may ba used. The purpos95 and uses of thè restricted frJn¢J$ are Set osjt in th9 notes to tha ffinancial ststomants. CTSti¢al a¢¢ountlng •stlmats• and Judgements In the application ofthe charity's a¢¢ounting polioès. the trustee$ am required to make judgements, estimates and assumptioris about th& carrying amount of assets and liabilibes that are not readily apparent from ¢)thtrr sources. Thè eslim8tes and asso¢i8ted assumptions ara based on historical experiènce and othei f8Ctors that are considored to be Telwant Adual resufés may differ from these estimates. Th• estimates and undertying assumptmjns aro reviewed on an ongoing basis. Revisions to accounting e8timates are re¢cgnised in tha pariod in which the estim*e is reviled whère tha revision affects only that period, or in the period ol the revision and future periods where the revision 8ffects both current and futurt period5. Donatlons and legacies 2025 2024 Grant income 87.547 S2,200 other Grant income fr)r th• ye81 endot1 31 March 2025 included £87.547 (2024 - £52.2C(11 Lydney Town Council grants. Charltable actlvltles Unrejtrlcted Funds 2025 Unrestrl¢ted Fund$ 2024 Charitable rental incom8 11,403 9,259 THE BATHURST PARKAND RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In¢owE from other tr•dlng 4¢tivMle• UnreFlrict•d Unrestrict•d funds funds 2025 2024 Fundraising events 11,435 10,038 Incom? from investment¥ Unr•8tricted UnTestrtcted fundg funds 2025 2024 Intérèst receNable 1,149 1.315 other Incon 2025 2024 Lydney Bo%Ming Club Park events th¢omo 4.389 2.725 4.389 7.114 12.754 Expenditure on ral•lng fvnd$ Unrestrkted Unrestrlcted funds fvDds 2025 2024 Fundral$lng and publicily staging fundraising gv8nts 8.419 10,061 THE BATHURST PARK AND RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitsble ￿tIvitIeS 2025 2024 Oapracratiom and 1mpairTr￿nt Light. heat, water. work$hop costs, Pavilion ¢osls. cleaning, disposables. repairs, alarm Administration Litter picking Repairs and renewtt15 Insurance Plant Costs and grounds nHintonance Play equipment maintenan¢9 Health & satsty & tree work costs Event costs Independènt •xar¢NnÈrs f•es forthe Ind•pendent exafflinat￿n 16.461 11.437 9,344 6,818 18,637 1.104 Y2,464 13,509 2,012 7,233 17,529 10,004 12,624 5,198 4,56S 19 2,754 900 11.153 5,775 2.347 5,035 1,000 89,111 98,811 89,171 98.811 Anatysis by lund Unrgstrictod fvnd5 89,111 89,111 Forthe year end￿ 31 Marrh 2024 Unrestr￿ted fvnds 98,811 98.811 Insurane8 exp*rtditure for the yèar ended 31 March 2￿25 had begn induded in th• £12.K24 comparative figure for the year ended 31 March 2024. 10 Net moven*nt In lunds 2025 2024 The net movement in funds is ststed after chargin￿{credItIngl.' Fee5 payable for thè independent ex8minab.on of th& Charitys financial statements Deprecration of thvn8d larwjible fixed a5s¢ts 1,000 16.461 900 22,464 11 Truste Nonè of the trustee8 lor any persons connected with theml receNed any rer￿ne￿￿.0Th or expensè8 during th8 year. -io- THE BATHURST PARK AND RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employ•e¥ The average Month￿ number of emplpyèes during the yearwas= 2025 NuM￿r 2024 Number £6,040 12024 £6,223) wages paid to &mployeos foT the yèar ended 31 March 2025 ar? included in Administration costs. There were no amployees whose annual remuneratKn was more than £60.OC(I. 13 T4xatlon The charity 1$ 8xempt Irom tsxafjon on its activitie5 becausa all its income is applied for Ch￿itable purposes. 14 Tan9ible fixed a¥s•ts Lond and bU1￿￿g Fithres fmngs & oqulpn*ftt Ttstsl At 1 April 2024 525,925 103.093 629.018 At 31 March 2025 525.925 103,093 629.018 Depwclatlon and 5nyalnMnt At 1 April 2024 Depreciation charg•d in the year 208,592 13,037 89.393 3,424 297,985 16,461 At 31 March 2025 221,629 2.817 314.446 Carrylng amount At 31 Mar¢h 2025 304,296 10.276 314.572 At 31 March 2024 317.333 13.700 331.033 15 Debtors 2025 2024 Amounts folllng due wrthlh one year. Trade debtors other debtois Prepayments and aecrued income 229 3,258 5,606 1.986 5.089 468 9,091 11 THE BATHURST PARK AND RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Creditorn: amounts falling due wlihln one ye•r 202S 2024 Trade credltors Accruals and deferred incomg 512 1,000 1.091 900 1.512 1.991 17 Unrestri¢t•d funds The incom8 funds olthe charty includ• the frglltywing designated funds whth havè been set asldo out of unr96trict&d fijnds by tha trustees speafic puipo80s'. At 1 Aprll Incomlny Resourc￿ Transfern At 31 March 2024 rnsource8 expended 2025 SumrrEr Events Tree Replaeèment Play Equipment Repl¥cament Special Projects and Bandstand General funds 8,041 9,700 1.176 38,812 403,742 8,041 9,700 1,176 32,012 431,660 16,8001 6,800 118,648 197,5301 461,471 118,648 197,5301 482,589 Prevk*us year. At 1 April 2023 Incoming R•soufces resources expendad TrAn8fern At 31 March 2024 Summer Events Tree Repla¢èment Play Equipment Replacement Spocial Projects and Band$tsnd General funds 4,541 9.700 18,300 3fj,812 415,424 3,500 8,041 9,7CLI 1.176 38,812 403.742 117.1241 2,000 11,624 85,566 1108,8721 484,777 85,566 1108,8721 461.471 The dèsignated fvnds are held as part of current as$gts 8131 Mar¢h 2025. 18 Relaied party tr•nMctlon• Tran$a¢tlofis with rèlated partles During the year th9 charity entered into the follvmng transartions wilh relatgd parti•s'. Grants from Lydney Town Council arè disclosed note 3 to the acwunts. 12- THE BATHURST PARKAND RECREATION GROUND TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 CaBh generated frorfAb￿rbed by) o￿TatIOnS 2025 2024 Surpluslldofic(Il for the year 21.118 123,3061 Adjustments for: Investment incoma récognised in statsment ol finèneial a&Mti&s Depreciation and impaiiment oftangible ￿ed assets 11,1491 16,481 11,3151 Movements in worklng capital: 15ncreas91 in dèbtors IDé¢re8s81 in credrtor5 11,$481 14791 15,0241 11,3W21 C88h generated fronVlabsorbed by) opratlon$ 34,403 18,5731 Analy$i¥ tsfchangu in net fvnd* The charity had no rnaleiial dèbt during the year.