Charity number: 300036
HARROLD PLAYING FIELD ASSOCIATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
HARROLD PLAYING FIELD ASSOCIATION
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Trustees' responsibilities statement | 4 |
| Independent examiner's report | 5 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 20 |
HARROLD PLAYING FIELD ASSOCIATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024
Trustees B Wilson, Trustee N Aellen, Trustee R Davis, Trustee (appointed 3 June 2024) J Calver, Trustee (appointed 3 June 2024) Charity registered number 300036 Principal office St Peters Barn High Street Harrold MK43 7DQ Accountants MHA Chartered Accountants The Pinnacle Building A 150-170 Midsummer Boulevard Milton Keynes Buckinghamshire MK9 1FD
Page 1
HARROLD PLAYING FIELD ASSOCIATION
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their annual report together with the financial statements of the Harrold Playing Field for the year 1 October 2023 to 30 September 2024.
Harrold Playing Field Association is a registered charity, number 300036, and is constituted under a Trust deed.
Organisational structure
The Board of Trustees delegates day to day administration of the charity to a Management Committee, which comprises both Trustees and Management Committee members representing the local community and main user groups. The Management Committee meets regularly and reports back to the Board of Trustees to enable their oversight.
The trustees who served during the year and up to the date of signature of the financial statements were:
Nick Aellen Barry Wilson Richard Davis (appointed 3 June 2024) Johnathon Calver (appointed 3 June 2024)
Objectives and Activities
Policies and objectives
The main objective of the playing field is to provide sporting and leisure facilities for the people of Harrold and its surrounding villages.
The main activities carried out on the playing field are cricket and scouting. These activities are carried out by Harrold Cricket Club and the 51st Harrold Cubs and Scouts. In addition, a football pitch is available for yearround casual use. The pavilion is also available for hire when it is not being used for sporting activities.
Activities undertaken to achieve objectives :
The main activities undertaken to achieve its objectives are:
-
Hire of the facilities to the two main user groups
-
Ongoing maintenance of the pavilion and playing field area
-
Hosting social events for the local community
-
Ad hoc pavilion hire
Public Benefit
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievement and performance
Main achievements of the Charity
-
The main achievements of the charity were as follows:
-
Investment to refurbish the interior of the pavilion and bar area.
-
Extension of the external patio area.
-
Hosting a village social event to mark the end of the summer for a second year running.
Page 2
HARROLD PLAYING FIELD ASSOCIATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
Financial Review
Rental from the two main user groups has been kept at the same level as the previous two years. Bar sales continue to be strong, building on the success of the Friday minis events through the summer months.
Reserves at the 30th September 2024 were £79,734 (2023: £77,301).
Reserves policy
The policy of the playing field is to provide for expected losses through the accounts. For potential unexpected losses we will hold in reserve £20,000 in our accounts to cover any unforeseen financial problems.
Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ ................................................ N Aellen B Wilson (Trustee) (Trustee) Date: 24th January 2025
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HARROLD PLAYING FIELD ASSOCIATION
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by:
................................................ ................................................ N Aellen B Wilson Trustee Trustee Date: 24th January 2025
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HARROLD PLAYING FIELD ASSOCIATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
Independent examiner's report to the Trustees of Harrold Playing Field Association ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2024.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning 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 '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 this report in order to enable a proper understanding of the accounts to be reached.
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HARROLD PLAYING FIELD ASSOCIATION
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 10/02/2025
Martin Herron BA (Hons) ACA
MHA
Chartered Accountants Milton Keynes
MHA is the trading name of MacIntyre Hudson LLP, a limited liability partnership in England and Wales (registered number OC312313).
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HARROLD PLAYING FIELD ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Other income 5 Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2024 £ - - - - 6,402 6,402 (6,402) 30,693 (6,402) 24,291 |
Unrestricted funds 2024 £ 35 62,451 163 62,649 53,814 53,814 8,835 46,608 8,835 55,443 |
Total funds 2024 £ 35 62,451 163 62,649 60,216 60,216 2,433 77,301 2,433 79,734 |
Total funds 2023 £ 42 56,307 76 56,425 |
|---|---|---|---|---|
| 54,511 54,511 |
||||
| 1,914 | ||||
| 75,387 1,914 77,301 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 20 form part of these financial statements.
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HARROLD PLAYING FIELD ASSOCIATION
BALANCE SHEET AS AT 30 SEPTEMBER 2024
| 2024 | 2024 | 2023 | |||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 10 | 34,074 | 30,263 | ||
| 34,074 | 30,263 | ||||
| Current assets | |||||
| Stocks | 11 | 2,231 | 3,148 | ||
| Debtors | 12 | 1,009 | 911 | ||
| Cash at bank and in hand | 53,043 | 53,573 | |||
| 56,283 | 57,632 | ||||
| Creditors: amounts falling due within one | |||||
| year | 13 | (10,623) | (10,594) | ||
| Net current assets | 45,660 | 47,038 | |||
| Total assets less current liabilities | 79,734 | 77,301 | |||
| Total net assets | 79,734 | 77,301 | |||
| Charity funds | |||||
| Restricted funds | 14 | 24,291 | 30,693 | ||
| Unrestricted funds | 14 | 55,443 | 46,608 | ||
| Total funds | 79,734 | 77,301 | |||
| The financial statements were approved and | authorised for issue by theTrusteesand signed on their behalf by: | ||||
| ................................................ | ................................................ | ||||
| N Aellen | B Wilson | ||||
| Trustee | Trustee | ||||
| Date: 24th January 2025 |
The notes on pages 9 to 20 form part of these financial statements.
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. General information
The charity is a registered charity in England and Wales and is unincorporated. The address of the principal office is St Peters Barn, High Street, Harrold, MK43 7DQ. The registered charity number is 300036.
The financial statements are prepared in GBP, rounded to the nearest whole pound.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Harrold Playing Field Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
2. Accounting policies (continued)
2.3 Expenditure (continued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
The cost of acquiring the Recreation Ground and erecting the pavilion therone was met by the inhabitants of Harrold from public subscription. In accordance with the terms of the conveyance, the Trustees have vested the property in the custody of the Charities Commission.
Management and control of the property is vested in a management committee comprising of seven elected and twelve representative members, which form the Committee of Harrold Playing Field Association.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
| Cub hut | - 10-20% straight line |
|---|---|
| Playing field equipment | - 10-20% straight line |
| Pavilion and storage | - 10-20% straight line |
| Main entrance | - 10-20% straight line |
| Bar/Pav equipment | - 10-20% straight line |
2.6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
2. Accounting policies (continued)
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
3. Income from donations and legacies
| Unrestricted funds 2024 £ Donations 35 Unrestricted funds 2023 £ Donations 42 Income from charitable activities Unrestricted funds 2024 £ Bar sales 57,671 Hire of pavilion 765 Hire of pitches 1,915 Eon FIT receipts 2,100 62,451 Unrestricted funds 2023 £ Bar sales 52,184 Hire of pavilion 450 Hire of pitches 1,650 Eon FIT receipts 2,023 56,307 |
Total funds 2024 £ 35 |
|---|---|
| Total funds 2023 £ 42 |
|
| Total funds 2024 £ 57,671 765 1,915 2,100 62,451 |
|
| Total funds 2023 £ 52,184 450 1,650 2,023 56,307 |
4. Income from charitable activities
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
5. Other incoming resources
| Bank interest receivable Bank interest receivable |
Unrestricted funds 2024 £ 163 Unrestricted funds 2023 £ 76 |
Total funds 2024 £ 163 |
|---|---|---|
| Total funds 2023 £ 76 |
6. Analysis of expenditure by activities
| Charitable activities Charitable activities |
Activities undertaken directly 2024 £ 60,216 Activities undertaken directly 2023 £ 54,511 |
Total funds 2024 £ 60,216 |
|---|---|---|
| Total funds 2023 £ 54,511 |
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
6. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Depreciation Bar sales - cost of sales Cleaning Water and sewerage charges Insurance Upkeep of field Repairs and renewals Advertising Accountancy Electricity Registration fees Credit card fees |
Activities 2024 £ 7,059 43,847 494 370 1,416 1,828 1,349 170 1,320 1,345 166 852 60,216 |
Total funds 2024 £ 7,059 43,847 494 370 1,416 1,828 1,349 170 1,320 1,345 166 852 60,216 |
|---|---|---|
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
6. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Depreciation Bar sales - cost of sales Cleaning Water and sewerage charges Insurance Upkeep of field General expenses Repairs and renewals Advertising Accountancy Electricity Registration fees Credit card fees |
Activities 2023 £ 5,412 41,518 331 344 1,308 1,237 (30) 1,172 85 1,200 956 185 793 54,511 |
Total funds 2023 £ 5,412 41,518 331 344 1,308 1,237 (30) 1,172 85 1,200 956 185 793 54,511 |
|---|---|---|
7. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £1,200 ( 2023 - £1,200 ) , and other services of £Nil (2023 - £Nil).
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 30 September 2024, no Trustee expenses have been incurred (2023 - £NIL).
9. Staff costs
There were no employees of the charity during the year (2023 - NIL).
Page 15
HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
10. Tangible fixed assets
| Cost or valuation At 1 October 2023 Additions At 30 September 2024 Depreciation At 1 October 2023 Charge for the year At 30 September 2024 Net book value At 30 September 2024 At 30 September 2023 |
Cub hut £ 9,926 - 9,926 7,148 347 7,495 2,431 2,778 |
Playing field equipment £ 4,459 - 4,459 2,599 310 2,909 1,550 1,860 |
Pavilion and storage £ 35,586 4,960 40,546 23,476 2,218 25,694 14,852 12,110 |
Main entrance £ 10,389 - 10,389 3,669 840 4,509 5,880 6,720 |
Bar/Pav equipment £ 12,634 5,910 18,544 5,839 3,344 9,183 9,361 6,795 |
Total £ 72,994 10,870 83,864 |
|---|---|---|---|---|---|---|
| 42,731 7,059 49,790 |
||||||
| 34,074 | ||||||
| 30,263 |
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 11. Stocks Bar stock 12. Debtors Due within one year Prepayments and accrued income 13. Creditors: Amounts falling due within one year Accruals and deferred income |
2024 £ 2,231 2024 £ 1,009 2024 £ 10,623 |
2023 £ 3,148 |
|---|---|---|
| 2023 £ 911 |
||
| 2023 £ 10,594 |
Page 17
HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
14. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds Restricted funds Pavilion refurbishment Total of funds |
Balance at 1 October 2023 £ 46,608 30,693 77,301 |
Income £ 62,649 - 62,649 |
Expenditure £ (53,814) (6,402) (60,216) |
Balance at 30 September 2024 £ 55,443 |
|---|---|---|---|---|
| 24,291 | ||||
| 79,734 |
Restricted funds are to support the full refurbishment of the pavilion and attached playing field. The refurbishment is ongoing and it is expected that the funds will be fully utilised in the coming financial year. Any existing funds already spent are included as fixed assets within the balance sheet and therefore the fund is being reduced on an annual basis by the charge of depreciation.
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
14. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds Restricted funds Pavilion refurbishment Total of funds |
Balance at 1 October 2022 £ 39,970 Balance at 1 October 2022 £ 35,417 Balance at 1 October 2022 £ 75,387 |
Income £ 56,425 Income £ - Income £ 56,425 |
Expenditure £ (49,787) Expenditure £ (4,724) Expenditure £ (54,511) |
Balance at 30 September 2023 £ 46,608 |
|---|---|---|---|---|
| Balance at 30 September 2023 £ 30,693 |
||||
| Balance at 30 September 2023 £ 77,301 |
15. Summary of funds Current year
General funds Restricted funds |
Balance at 1 October 2023 £ 46,608 30,693 77,301 |
Income £ 62,649 - 62,649 |
Expenditure £ (53,814) (6,402) (60,216) |
Balance at 30 September 2024 £ 55,443 24,291 79,734 |
|---|---|---|---|---|
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
15. Summary of funds (continued)
Prior year
| General funds Restricted funds |
Balance at 1 October 2022 £ 39,970 35,417 75,387 |
Income £ 56,425 - 56,425 |
Expenditure £ (49,787) (4,724) (54,511) |
Balance at 30 September 2023 £ 46,608 30,693 77,301 |
|---|---|---|---|---|
16. Analysis of net assets between funds
Current period
| Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2024 Unrestricted funds 2024 £ £ 24,291 9,783 - 56,283 - (10,623) 24,291 55,443 |
Total funds 2024 £ 34,074 56,283 (10,623) 79,734 |
|---|---|---|
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