Charity registration number: 300074
STUDHAM PLAYING FIELD TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Spicer & Co UK Limited Chartered Accountants Staple House 5 Eleanors Cross Dunstable Bedfordshire LU6 1SU
## Studham Playing Field Contents
||Page|
|---|---|
|Trustees' Report|1—3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Statement of Financial Position|6|
|Notes to the Financial Statements|7—10|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities|11|
Studham Playing Field Trustees' Report For The Year Ended 31 March 2025
The trustees present their report and the financial statements for the year ended 31 March 2025.
## Objectives and Activities
## Aims and Objectives
The charity provides a Playing Field for the benefit of the inhabitants of the parish of Studham in the county of Bedfordshire and its immediate vicinity.
The activities provided in the year included: a football pitch, cricket ground, facilities for Scouts and a tennis court and a Social Clubhouse. The playing fields were also used to house the community May Fair and a residents’ rugby tournament.
## Public Benefit
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
## Achievements and Performance
## Main Achievements
The charity has provided facilities for the use of locally run football and cricket clubs.
In addition, the Studham Scouts and Tennis Clubs have continued to thrive after many years of residence on our property. The May Fair has again made use of our facilities and been enjoyed by local residents whilst at the same time generated funds for local organisations and rental and grant income for the charity itself.
The Studham Sports and Social Club premises are located within our grounds and is supported financially by the charity.
## Financial Review
## Financial Position
The charity saw a significant increase in revenue and current assets as a result of a generous bequeathment arranged by a local resident. An excess of £26,520 was generated compared with a deficit of £656 in the prior year.
Reserves are held to ensure that the charity can continue to provide the facilities mentioned above.
Reserves increased in the year by £26,520 to £88,622.
## Reserves Policy
The reserves held should ensure that the charity continues as a going concern for the foreseeable future but will need to continue to generate income from the clubs which use its facilities.
The charity raises funds from the clubs and organisations which rent its facilities.
The charity holds its funds in accounts at a major UK high street bank.
## Additional Note
The principal risks facing the charity are a reduction in income from clubs as well as an increased need for funding by the Studham Sports and Social Club which has, prior to the recent pandemic, transferred funds to the charity to bolster its reserves allowing it to improve its facilities.
The constitution of the charity provides for the management of the charity to be appointed each year at its annual general meeting of the parishioners of Studham.
Page 1
Studham Playing Field Trustees' Report (continued) For The Year Ended 31 March 2025
## Reference and Administrative Details
## Trustees
Mr Charles Horton - Chairman Mr Allan Wright - Treasurer and Secretary
## Charity Number
300074
## Principal Address
49 Woodland Rise Studham Dunstable Bedfordshire LU6 2PF
## Independent Examiner
Suzanne Spicer FCA Spicer & Co UK Limited Chartered Accountants Staple House 5 Eleanors Cross Dunstable Bedfordshire LU6 1SU
## Bankers
LLoyds Bank 25 Gresham Street London
Page 2
Studham Playing Field Trustees' Report (continued) For The Year Ended 31 March 2025
The trustees' report was approved by the board of trustees and signed on its behalf by:
## Allan Wright
Mr Allan Wright Trustee 09/01/2026
Page 3
Studham Playing Field Independent Examiner's Report to the Trustees of Studham Playing Field For The Year Ended 31 March 2025
I report to the trustees on my examination of the accounts of Studham Playing Field (the Charity) for the year ended 31 March 2025.
## Responsibilities and Basis of Report
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Charities 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 Act.
## Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required 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 applicable requirements concerning the form and contents 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.
## Suzanne Spicer
Suzanne Spicer FCA 09/01/2026 Spicer & Co UK Limited Chartered Accountants Staple House 5 Eleanors Cross Dunstable Bedfordshire LU6 1SU
Page 4
## Studham Playing Field Statement of Financial Activities For The Year Ended 31 March 2025
**----- Start of picture text -----**
2025 2024
Unrestricted Unrestricted
funds funds
Notes £ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies 3 29,418 5,457
Charitable activities:
Raising Funds 75 400
Investments 4 335 286
29,828 6,143
EXPENDITURE ON:
Raising funds 5 (3,308) (6,799)
Charitable activities: 5
NET INCOME/(EXPENDITURE) 26,520 (656)
NET MOVEMENT IN FUNDS 26,520 (656)
RECONCILIATION OF FUNDS:
Total funds brought forward 62,102 62,758
TOTAL FUNDS CARRIED FORWARD 13 88,622 62,102
**----- End of picture text -----**
The notes on pages 7 to 10 form part of these financial statements.
Page 5
## Studham Playing Field Statement of Financial Position As At 31 March 2025
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2025 2024
Unrestricted Total
funds funds
Notes £ £
FIXED ASSETS
Tangible Assets 10 36,785 36,785
36,785 36,785
CURRENT ASSETS
Debtors 11 - 300
Cash at bank and in hand 52,315 25,017
52,315 25,317
Creditors: Amounts Falling Due Within One Year 12 (478) -
NET CURRENT ASSETS (LIABILITIES) 51,837 25,317
TOTAL ASSETS LESS CURRENT LIABILITIES 88,622 62,102
NET ASSETS 88,622 62,102
FUNDS OF THE CHARITY
Unrestricted Funds 88,622 62,102
TOTAL FUNDS 13 88,622 62,102
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## On behalf of the board
## Allan Wright
Mr Allan Wright
Trustee 09/01/2025
The notes on pages 7 to 10 form part of these financial statements.
Page 6
Studham Playing Field Notes to the Financial Statements For The Year Ended 31 March 2025
## 1. General Information
Studham Playing Field is an unincorporated charity registered with the Charity Commission, registered charity number 300074. The principal address is 49 Woodland Rise, Studham, Dunstable, Bedfordshire, LU6 2PF.
## 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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
## 2.2. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## 2.3. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.
## 2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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|||
|---|---|
|Freehold|at cost|
|Plant & Machinery|at cost|
|Fixtures & Fittings|at cost|
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## 2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 3. Income from Donations and Legacies
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||||
|---|---|---|
|2025|2024|
|Unrestricted|Unrestricted|
|funds|funds|
|£|£|
|Donations and gifts|29,418|5,457|
|4.|Investment Income|
|2025|2024|
|Unrestricted|Unrestricted|
|funds|funds|
|£|£|
|Bank interest receivable|335|286|
**----- End of picture text -----**
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Studham Playing Field Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
## 5. Analysis of Expenditure
|Raising funds
Raising funds
6.
Direct Costs
General administration:
Repairs, renewals and maintenance
General administration:
Repairs, renewals and maintenance
7.
Support Costs
General administration:
Independent examiner's fees
Charitable donations
General administration:
Charitable donations|Activities
undertaken
directly
(see note 6 )
£
638
Activities
undertaken
directly
(see note 6 )
£
3,999|Support
costs
(see note 7 )
£
2,670
Support
costs
(see note 7 )
£
2,800|2025
Total
£
3,308
2024
Total
£
6,799
2025
Raising
funds
£
638
2024
Raising
funds
£
3,999
2025
Raising
funds
£
420
2,250
2,670
2024
Raising
funds
£
2,800|
|---|---|---|---|
Page 8
Studham Playing Field Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
## 8. Independent Examiner's Remuneration
Independent examination of the financial statements
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|||
|---|---|
|2025|2024|
|£|£|
|420|-|
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## 9. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
## 10. Tangible Assets
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||||||
|---|---|---|---|---|
|Land &|
|Property|
|Freehold|Plant &|Fixtures &|Total|
|Machinery|Fittings|
|£|£|£|£|
|Cost|
|As at 1 April 2024|35,417|1,062|306|36,785|
|As at 31 March 2025|35,417|1,062|306|36,785|
|Net Book Value|
|As at 31 March 2025|35,417|1,062|306|36,785|
|As at 1 April 2024|35,417|1,062|306|36,785|
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## 11. Debtors
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||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Due within one year|
|Other debtors|-|300|
|Creditors: Amounts Falling Due Within One Year|
|2025|2024|
|£|£|
|Trade creditors|58|-|
|Accruals and deferred income|420|-|
|478|-|
|Movement in Funds|
|As at 1 April|As at 31|
|2024|Income|Expenditure|March 2025|
|£|£|£|£|
|Unrestricted funds|
|General:|
|General unrestricted fund|62,102|29,828|(3,308)|88,622|
|Total funds|62,102|29,828|(3,308)|88,622|
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## 12. Creditors: Amounts Falling Due Within One Year
## 13. Movement in Funds
Page 9
## Studham Playing Field Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
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As at 1 April As at 31
2023 Income Expenditure March 2024
£ £ £ £
Unrestricted funds
General:
General unrestricted fund 62,758 6,143 (6,799) 62,102
Total funds 62,758 6,143 (6,799) 62,102
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## 14. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
## 15. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
Page 10
Studham Playing Field Detailed Statement of Financial Activities For The Year Ended 31 March 2025
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2025 2024
Total Total
funds funds
£ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations from individuals 25,000 -
Donations from organisations 4,418 5,457
29,418 5,457
Charitable Activities:
Raising Funds
Events 75 400
75 400
Investments
Bank interest receivable 335 286
335 286
29,828 6,143
EXPENDITURE ON:
Raising funds
Repairs, renewals and maintenance (638) (3,999)
-
Independent examiner's fees (420)
Charitable donations (2,250) (2,800)
(3,308) (6,799)
(3,308) (6,799)
NET INCOME/(EXPENDITURE) 26,520 (656)
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Page 11