Company Number: Charity Number: 00901063 300909 NoN ABBOT A14D DISTRICT RECREATIONAL TRUST LIMITED (Luiited by Guarantee) t114AUDITED FINANCIAL STATEMEirrs YRAR E14DED 30 SEPTEbIBER 2024
NEtqTON ABBOT AIqD DISTRICT RECREATIOIIAL TRUST LIMITED (Lthlted by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 INDBX Page Reference and administration inf ormation Report of the Directors List of Menthers statement of Directors Responsibilitles Independent Examiners Report io li statement of Financial Activities 12 statement of f inancial position 13 14 Notes to the Financial Statements 15 20
ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED ILlmlted by Guarantee} REFERENCE AND ADMINISTRATION IIIFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 Directors N L Flower S J Reynolds M Andrews R C Bellotti M J Benney R B Hayes A Lloyd S O, Donnell D Patchett R Petersen T J Stronghill R G Thoma8 T Villis B WiddicoTnbe Ichalrman) Registered Of flee The Pavilion Marsh Road Newton Abbot Devon TQ12 2AR Company Registration Number 00901063 Registered Charity Number 300909 Bankers Lloyds Bank 41 Courtenay Street Newton Abbot Devon TQ12 2QW Independent Examiner l J Taberner FCA Turnbull & Co Accountants Limited Pilgrim House Oxf ord Place Plynouth PLI 5AJ Page I
NEWTON ABBOT A14D DISTRICT RECREATIONAL TRUST LIMITED ILlmited by auarantee} DIRECTORS REPORT 30 SEPTEMBER 2024 The directors present their report and the unaudited financial statements for the year ended 30 September 2024 for the purposes of section 162 of the Charities Act 2011 and for the purpo8e8 of section 41912) of the Cornpanies Act 2006. The directors confirn that they have complled with the duty in 8ection 17 15) of the 2011 Charities Act to have aue regard to guldance published by the CharitieB ConYni83ion. status The company is registered as a charity under section 4 Charities Act 1960 with the registered charity number of 300909 and a company registration number of 00901063 and is limited by guarantee. At the balance sheet date there were 30 members, whose liability is limited to £10 each in the event of winding up. Ob Jectlves and activitle8 The principal actlvity of the company is the provision of recreatlon, physical education, and other leisure time occupation8 in, or in connection with, the town of Newton Abl)ot and its environs. The Trust employs an adrninistrator and other part time staff. The company 18 responsible for the management and operation of a cricket ground, football pitch, car park, pavilion, five squash courts, four tenni8 courts and associated f acilities. The Trust's membershlp consists of five affiliated sports clubs: Newton Abbot Scpash Rackets and Lawn Tennis Club, Newton Abbot Spurs Football Club, South Devon Cricket Club, FIT2run Newton Abbot and Teignbridge Trotter8 Running Club. The hall is also used for a nuller of recreational activities. The conpany, s subsidiary company, Coralwharf Limited, operates a bar for the sports clubs using the facilities of the Trust. How our actlvltle8 dellver publlc benef It In writing this, the directors have had regard to the Charity Cormnission's Guidance on public benef it. Page 2
NEWTON ABBOT AY4D DISTRICT RECRL4TIONAL TRUST LIMITED (Llmited by Guarantee) DIRECTORS REPORT 30 SEPTEMBER 2024 How our actlvitie8 dellver publlc benefit Icontlnued) TEJe eOTnpany' s activities are the provision of recreation, physical education, and other leisure time occupations in, or in connection with, the town of Newton Abbot and its environs Eor the benefit of the public. Pavlllon and ground8 The company holds tbe land on which the activities take place under a lease granted by Newton Abbot UDC for 99 years from 12 August 1970 at a peppercorn rent. The company has granted an underlease to the trustees of Newton Abbot Squash Rackets and Lawn Tennis Club for 75 years from l October 1993 at an initial rental of £1,000 per annurn, and a Gupplemental underlease dated i April 1998 to expire at the same tirne a8 the tnain underlease for an additional initial rental of £1,250: and ha8 granted to the trustees of the Newton Ablx)t Spurs Football Club an underlease for 25 years frorn l Novethr 2007 at an initial rental of £2,500 per annum. R•sult8 A deficit was made this year of £10, 560. The reserves Carried forward at 30 Septenther 2024 were £279, 618. A substantial amount of time is contributed by Officers and Board Members in relation to the administration of the centre. No payments are rnade to any officers or Board Menther8 in this respect. The value of these 'gifts in kind, has not been quantified by the officers. Acblevernonts and Perforlllaneé 2024 wa5 a year of consolidation in which the Trust invested in and continued to provide much needed sporting facilities and services to the Newton Abbot & District Comrnunity. The comnercial side of the Trust, s operatlon, through Its trading subsidiaryi Coralwharf Ltd, produced a steady increase in turnover 1+4. 5) and a nominal rise in Gr088 Proflt of 2. 9. However, after the effect of rising costs and an increased contribution to the Trust of £56, 000 12023: £50, 0001 , Coralwharf produced a loss for the year of £3, 602. Despite the loss, the Bar, known as 'The Rec" continues to trade well and retains adequate reserves. The Member Clubs continued their respective sporting activities and Membership Subscription income exceeded budget with an Increase of 23.7* on Page 3
NE4rroN ABBOT AIqD DISTRICT RECREATIONAL TRUST L1141TED (Limited by auarantee) DIRECTORS REPORT 30 SEPTEMBER 2024 Achievements and Performance Icontlnued) 2023. Hall Hire, whilst on a par with 2023, was di8appointing, falling 9.2 short of budget and ref lecting rnarket sentirnent as pressures continued. 'C08t-of -living, Contributions from Clubs were as budgeted at £7,300. The Accounts show that 2023 was an exceptional year when we received a Grant 0£ £9, 500 to replace the artificial wicket on the Cricket pitch, plus SDCC, 8 additional contribution of £1,035 from the Cricket Testimonial event. Improvements were made to the Pavilion and grounds through the iustallation of bi-fold doors in the Bar, new LED lighting in the changing rooms a new Car Park barrier system to help control our valuable parking area. Income from the Car Park increased 12.8 to £23, 799 1£21, 096). Funds were also expended on the purchase of additional rnachinery, including new tractor mower and equipment to assist with grounds and pitch maintenance. The purchase was helped with a grant obtained by Newton Abbot spurs from the Football Premier League. A special 'thank you, is noted here to the group of volunteers who tend and prepare the £ootball and cricket pitches on a weekly basis. A180, thanks go out to the many volunteer8 who run the vaiious clubs that make up IThe Rec, During the year. the Trust Set up a Capital Grant and Improvement8 Programme aimed at irnproving the current facilities and assisting the Associated clubs with their own capital expenditure. Under the scherne grants were rAade to the Squash & Tennis club of £5,000 for tennis court Tllaintenance and £3,000 towards roof repairs. A further grant of £3.000 was made to Newton Abbot Spurs to assist with the extension of the football pitch to cornply with League regulations. Through the grants, the Trust was able to reco9nise the significant contribution that the constituent member clubs make to it8 collective existence and to assist with their own continuation. Expenditure, excluding the discretionary grants listed above, amounted to £142, 913 which was 8.4* up on 2023 (£131, 7891. Overall, the Trust produced a final deficit of £LO,560 compared to a 8urplus of £7,916 in 2023. The Trust continues to maintain a good level of Reserves and has a strong operating position. The proposed plans for the extension of and improvement to the Pavilion, under 'Project Big Build" continue to remain on hold until such time as a suitable af £ordable scheme can be devised and potential grant funding Page 4
NElfTON ABBOT AND DISTRICT FICREATIONAL TRUST LIMITED (Limited by Guarantee) DIRECTORS REPORT 30 8EPTEMBER 2024 AchlevementB and Per£orTaance (eontlnued) identified. For the time being a further nominal alloeation has been made within the accounts increasing "Designated Funds- to eventually be used towarda funding a viable project. Active involvement in the wider Communlty continued as the Trust has become the home of various groups including Dance and Yoga classes, Darts and Skittles Teams and a Bridge Club that have all made 'The Rec, thelr regular base. Looking forward, the Board will continue to reinvest and will work with the constituent metttt)er clubs to ensure a bright future whilst keeping 'The Rec, in its prime position as a vital part of the well-being of the Newton Abbot and District Conuftuoity. structure and governance Newton Abbot and District Recreational Trust is a company limited by guarantee and governed by it's Memorandum and Articles of Association originally dated 16 March 1967 and then revised on 19 DeceTnber 2017. It is registered as a charity with the Charity ComTnission. The company is overseen by an executive board, who rneet bi-monthly and set the strategic direction in line with the misgion and vi8ion of the charity. MeTnbers of the Executive Board are elected at the Annual General Meeting of the company. Any potential new members are invited to attend the AGM. Day to day responsibility for the irnplementation and operations of the strategy is devolved to Chris Hurrell centre manager. Dlrector3 The directors who served during the year were as £ollows: S J Reynolds R G Thomas R C Bellotti M Andrews M J Benney N L Flower R B Hayes A Lloyd S O, Donnell (appointed 10/05/20241 Page 5
FIEWTON ABBOT A14D DISTRICT RECREATIONAL TRUST LlbIITED (Limlt8d by Guaranteo) DIRECTORS REPORT 30 SEPTEMBER 2024 Director8 (contlnued) J Patchett R Petersen T J Stronghill T Villis B Widdicombe Mwnbers of the Zxecutlve Board at 30 SepteTrber 2024 The executive board during the year under review were". Elected directors N Flower Chairnan S Reynolds Treasurer R Petersen Property manager R Thomas S O, Donnell M Andrews Nomlnated dlrector3 Lloyd Newton Abbot squash & Tennis Club T Villis Newton Abbot Squa8h & Tennis Club R Bellotti Newton Abbot Spurs AFC J Patchett Newton Abbot spurs AFC B Widdicombe South Devon Cricket Club R Hayes Teignbridge Trotters Running Club T Stronghill Fit2Run Newton Abbot M Benney Soclal Honorary Preaident R Lewis R•88rve8 policy It is the policy of the company to build up their reserves to such time as they are needed to complete a project the charity is working towards or there is a large repair/replacement needed. Rlsk Revlew The Executive Board has conducted its own review 0£ the Thajor risks to which the charity is exposed and systerns have been established to mitigate those risks. Should si9ryLif icant external rigks to funding be identified, Page 6
IqEiffoN ABBOT AND DISTRICT RECREATIONA TRUST LIMITED ILthlted by Guarantee) DIRECTORS REPORT 30 SEPTEMBER 2024 strategie plan will be developed which will allow for the diversif ication of funding and activities. Internal risks are rninimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charity. These procedures are periodically reviewed to ensure that they still rneet the needs 0£ the charity. Advantage is being taken in the preparation of the directors report, of the Special exemptions applicable to small companies conferred by the CoTnpanies Act 2006. ON BEHALF OF THE BOABD S O Reynolds Dlrector Date Page 7
NEThN ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED <Llm&t•d by Guarantee) LIST OF MEMBERS 30 SEPTEMBER 2024 B Allen M Andrews RC Bellotti M Benney D Brown S Brown A Dawes J Doyle S Doyle A Feaver NL Flower R Hayes S Hember P Lennox RA Lewis A Lloyd S O, Donnell RM oliver J Pari8 J Patchett R Peterson S Reynolds T Stronghill C Sutclif fe R Thomas T Villis M Watts B Widdicombe M Widdicombe P Wright Page 8
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee) STATEI4EIIT OF DIRECTORS, BISPONSIBILITIES Company law requires the directors to prepare financial statements for each f inancial year which glve a true and fair view. In preparing those f inancial statements, the directors are required to: select suitable accounting policies and then apply them consi8tently,' Lake judgements that are rea80nable and prudent; State whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulations, and with applicable accounting Btandards, subject to any materlal departures disclosed explained in the financial statements . prepare the financial statement8 on the going concern basis unle8S it is not appropriate to presume that the company will continue in business. The directors are responsible for keeping aaequate accounting records, which disclose with reagonable accuracy at any time, the f inancial position of the company and to enable them to ensure that the financial 8tatement8 cornply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps Eor the prevention aod detection of fraud or other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Page 9
NEwfoN ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED IL£mited by Guarantee} INDRPENDEwf EXAMINERS REPORT TO THE DIRECTORS OF ilTON ABBOT A14D DISTRICT RECREATIONAL TRUST LIbIITED I report on the accounts of Newton Abbot And Dlstrict Recreational Trust Limited for the year ended 30 September 2024 whleh are 8et out on pages 12 to 20. Re8pectlv• R08ponBlbllltxe8 of Dlrector8 and Independent Exarnlnér The charity, s directors are responsible for the preparation of the accounts. The charity, s directors consider that an audit is not required for this year under part 16 of the Companies Act 2006 and an independent exaTnination has been requested. It is rny respon8ibllity to: examine the accounts (under Section 145 of the Charlties Act 20111 to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145 151 Ibl of the 2011 Actl, and to state whether particular matter8 have come to my attention. Basis 0£ ind•p•nd•nt exa•8, repozt My examination was earried out in accordance wlth the General Directions given by the Charity Comrnis8ioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations froTn you as directors concerning any such matters. The procedure8 undertaken do not provide all the evidence that would be required in an audlt and, consequently, I do not express an audit opinion on the view given by the accounts . Indepondent eXalletS, statem•nt In connection with my exaTnination, no matter has come to my attention: which gives me reasonable respect, the requirements cause to believe that, in any material (al to keep accounting Companies Act 2006 records in accordance with $386 of the Page 10
NESvfoii ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Lthlted by Cuaranteel INDEPENDEITT EXAMINERS REPORT TO THE DIRECTORS OF NEwfoN ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED Ibl to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Companies Act 2006 and the Staternent of Recommended Practise: Accounting and Reporting by Charities (revised 20051 have not been met,. or to which, in my opinion, atteneion shouia be drawn in order to enable proper understanding of the account8 to be reached. I J Taberner FCA Turnbull & Co Accountant8 Limited Chartered Accountants pllgrth House Ox£ord place Plymouth PLI 5AJ Data 19 Z6¥s Page 11
NEprroN ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Llmlted by Guarantee) STATEiIEwf OF FINANCIAL ACTIVITIES INCORPORATING INCOME A14D EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEKBER 2024 2024 De8lgnated UnreBtrCtea Total Fund Fund8 2023 Total FundB Notes Incom&ng Re80urceB Incomlng Resourc08 From Generated Fund8 Subscription8 and contributions Grants Other Income Investment Income 29,432 29,432 36,474 87,391 26,530 87,391 26,530 82,494 20.737 Total Incomlng Resource8 143, 353 143,353 139,705 ReBource8 Expended Direct charitable expenditure Governance costs 147, 884 6,029 147, 884 126, 008 6,029 5,781 Total R•8ourceB Expended 153, 913 153, 913 131, 789 Net Idef icitl /8urplus f or the year before taxation 110,560) 110, 5601 7,916 Taxation Nèt (Def icit) /Surplu8 f or the year 12 110.5601 (10, 5601 7,916 Funds Brought Forward 136,489 153, 689 290,178 282, 262 Transfer of funds made 3,511 (3, 5111 Fund8 Carrled Fonqard 140,000 139, 618 279. 618 290, 178 MoveTnent8 on reserve8 are set out in note 12 on page 19. Page 12
NEwfoN ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limit•d by Guarantee} BALANCE SHEET AT 30 SEPTEMBER 2024 CObIPANY NUMBER 00901063 Note 2024 2023 Flxed Assets Tangible assets Investments 157, 810 loo 132,727 loo Current As8eto Stocks Debtors Bank and Cash 462 31.782 118,542 447 40,081 150. 243 150,786 190, 771 Crodltor8 1 amount8 due within one year io 14,578 17,920 Ilet current asset2 136, 208 172, 851 Total a8Bets less ¢urr•nt 294, 118 305,678 Creditors: amounts due af ter one year li 114, 5001 115,5001 279, 618 290, 178 Accumulat•d Funds Unrestrlcted Designated 12 12 139,618 140, 000 153, 689 136,489 279, 618 290, 178 For the year ending 30 September 2024, the cornpany was entitled to exernption from an audit under section 477 of the Companies Act 2006 relating to srnall companies . The eTDber8 have not required the Company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge thelr responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the account8. Page 13
NEvfoN ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Llmlt8d by Guarant••) BALANCE SHZFT AT 30 SEPTEMBBR 2024 ICONTINUED) COMPANY IIUMBER 00 9010 63 These accounts have been prepared in accordance with the provisions applicable to corftpanies subject to the srnall companies, regime. The financial statements were approved by the Board of Directors on 2£ l.,12oZ and SiLed on its behalf by 8 J Reynold8 Dlrector Page 14
NEVION ABBOT AND DISCTRICT RECREATZONAL TRUST LIMITED (Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMEvfs FOR THE YEAR ENDED 30 SEPTEt4BER 2024 Newton Abbot and District Recreational Trust Limited is a company lirnited by guarantee and a charity registered at the Charity Colnmission of England and WaleB. The principal office is The Pavilion, Marsh Road, Newton Abbot, Devon. TQ12 2AR. The presentation currency is £ Bterling. Accouutlng Pollcl88 Ba818 0£ re aration The financial staternents have been prepared on the historic cost basis and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practise applicable to charitie8 preparing accounts in accordance with the Financial Reporting standard applicable in the UK ana Republic of Ireland IFRS 1021 (ef fective l January 2015)- Icharities SORP IFRS 102) and the Companies Aet 2006. NewtonAbbot and District Recreational Trust Limited meets the definition of a public benefit entity under FRS 102. In considering the transition to the accounting policies required by FRS 102, no adju8trnents have been made to restate the cornparative f igures. Con8oll¢Jatlon The company and ItB subsidiary comprise a 8nHII group. The company has therefore taken advantage of the exeTnption provided by Section 398 of the Companies Act 2006 not to prepare group accounts. Format of accounts In the opinion of the directors, the standard format of the profit and loss account as laid down by the C¢JNpanies Act 2006, would not present a fair view of the results of the company. Accordingly, the fornat of the profit and loss account has been amended as permitted by the Companies Act 2006. Fund accountin General funds are unrestricted funds which are available for the trusteeg for furtherance of the general objectives of the collany and which have not been deslgnated for other purposes. Designated funds are unrestricted funds that the trustee8 have set aside for a particular purpose. Page 15
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMEirfs FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountiog Policies (continuedl IDcomin Re80urceB Income is represented by monies derived from the company's principal activities af ter the deduction of value added tax and is only recogni8ed when the company has entitlement to the income, it can be Tneasured reliably and it is probable that it will be received. Resources ex ended Charitable Activities comprise those expenses directly related to the principal activity of the provisLon of recreation. physical education, and other leisure tiTne occupations in, or in connection with, the town 0£ Newton Abbot and its environs. All expenditure is accounted for on an accruals basis and is fully analysed in the notes. It is reColsed once there is a legal obligation to rnake payment to a third party, that it can be rneaBured reliably and it is likely that payment will be required. Governance Cost8 include those costs associated with meeting the constitutional and statutory requirements ot the charity. Flxed as8et8 All appropriate fixed assets are capitalised and recorded at cost. De r•clatlon Depreciation is calculated to write down the costs of assets by equal annual in8talments over their expected useful lives, as follows: Leasehold land and buildings Fixtures and Flttlngs 2 to 20P4 per annum 12.5Y¥ to 20 per annum Debtors Debtors are recognised at their settleTnent amount after any trade discounts. Llablllties and rovi8ion6 Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it Is possible that a transf er of econornical benefit will be required in settlement, and the arnount of the settlernent can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or amount received as advanced payments for goods er services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Page 16
NEIqTON ABBOT A14D DISTRICT RECREATIONAL TRUST LIMITED {LImted by Guarantee) NOTES TO THE FINANCIAL STATEI(ETrrs FOR THE YEAR ENDED 30 SEPTEMBER 2024 ccountlng Pollcle8 (contlnued) GrantB Grants received are accounted for on an accruals basis and are shown separately on the Staternent of Financial Activities. Grant income only subsequently deferred if required by the specif ic tertns and conditions of the grant. stock8 stocks are valued at the lower of cost or net realisable value. Coln concern With the affiliated clubs that are currently signed up, together with the other incozne strearns, going concern basis In preparing the accounts can be adopted. Dlrect Charltable Expendlture 2024 De8ignated Unrestrlcted Total Fund8 2023 Total Fund8 Expendlture Expendlture Property expense8 Of f ice and administration expenses Finance expenses 40,003 40,003 37,576 106, 972 909 106, 972 909 87,454 978 147, 884 147. 884 126, 008 Governance Co8t8 Reporting Accountants Fee Prof essional f ees 2,400 3,629 2.400 3,629 2,300 3,481 6,029 6,029 5,781 N•t 8urplu8 for the year Th£ IB Btated after charglng: Directors emoluments Depreciation written of f tangible f ixed assets 12,380 8,574 Page 17
IqEWTON ABBOT A14D DISTRICT RECREXTIONAL TRUST LIMITED (Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEI4ENTS FOR THE YEAR ENDED 30 SEPTEbI8ER 2024 Employee8 Nvrt)er of employees 2024 2023 The average monthly nurnber of employees during the year was: Administration ploiryueut CQBt8 Wages and salarieB Employers national insurance Pension contributlons 33,249 2,981 900 33,280 2,878 700 37,130 36. 858 No employee received emoluments above £60,000. Taxatio The COTnpany is a registered charity and no provision for taxation is consldered necessary. Tangible Fixed Assetj Leasehold Pavllio Fixtures and Fltting8 Ground8 Total Cost At l October 2023 Additions Di8posa18 82,600 30,843 252, 501 6,620 335,101 37,463 At 30 Septertther 2024 113, 443 259,121 372, 564 Depreclatlon At l October 2023 Charge f or year Disposals 65,819 7,370 136, 555 5,010 202, 374 12,380 At 30 September 2024 73.189 141, 565 214, 754 Page 18
NEWTON ABBOT AI4D DISTRIef RECREATIONAL TRUST LIMITED (Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Tauglble Flxed A8oetB Icontlllued) Net book value At 30 September 2024 40,254 117,556 157, 810 At 30 SepteTther 2023 16,781 115, 946 132, 727 Yixed aB8etB Inve8tmene8 2024 2023 Investment in 8ubsidiary company loo loo The subsidiary company, Coralwharf Limited, is IO0 owned. It ig trading company which operates a bar and registered and incorporated in England. At 30 September 2024, the aggregate amount of its share capital and reserves amounted to £12,218 and its loss for the year to that date was £3,602. Debtor8 Amounts falllng due within one year. 2024 2023 Trade Debtors Prepaellts and accrued Income Other tax and social security Other Debtors Arnount due from group undertaking 2,483 21,353 3,771 4,175 5,255 23,244 3,803 4,029 3,750 31,782 40,081 10 Credltor8: Amount8 falling due wlthln one year Trade creditors other Tax and social security Accruals and deferred incorne Payments on account Newton Abbot squash and Tennis Club loan Amount owed to group undertaking other Creditors 2,829 1,363 7,182 1, 528 1,000 504 172 4,454 669 6.364 1,082 1,000 4,188 163 14,578 17,920 Page 19
NEPTfoN ABBOT AI4D DISTRICT RECREATIONAL TRUST LIMITED (Llmited by Guarantee) NOTES TO THE FINANCIAL sTATE11rrs FOR THE YEAR ENDED 30 SEPTEblBER 2024 11 Credltors: Amount8 falling due after one year 2024 2023 South Devon Cricket Club Loan Newton Abbot squash and Tennis Club loan 10,000 4,500 io, 000 5,500 14,500 15.500 12 Accumulated Total Fund8 De8Ignated Fund Unreatrlcted Fund Total FulldB At l October 2023 Def leit or the year Transf er of funds 136,489 153,689 110,5601 13,5111 290, 178 110, 5601 3,511 At 30 September 2024 140, 000 139.618 279, 618 General funds are held £or the continuity of the charity. Designated funds are being held to go towards the 'Big Build,, where the company is looking to expand and Improve their current premises. 13 Share Capltal and Heller5 Llabllity The company IB limited by guarantee. In the event of the company being wound up, the liability of each member is limited to £1. 14 Control The company is under the effective control of its director8. 15 Tran8actlOZl8 wlth the Trustee8 None of the Trustees lor any persons connected with them) received any remuneration during the year, nor have they received expenses. Page 20
NEWTON ABBOT DISTRIUf RECREATIONAL TRUST LIMITED (Limlted by Guarantee) INCOME AND EXPENDITURE ACCOtJlTT FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 BUBSCRIPTIONS Subscriptions and Contribution8 29,432 36,474 INCOME Administration fee frorn the bar Hire of Hall Plteh Rents Car Park Leases Licenses other incorne Government grant8 15,000 14,531 60 23,799 10,240 23,300 461 15,000 14,238 21,096 10,060 22,100 87,391 82,494 116, 823 118, 968 OTHER INCOME Interest Receivable Charitable gif t f rom Coralwharf 1,530 25,000 737 20,000 143, 353 139. 705 EXPENDITtIRE Property Expenses Of f ice and Administration Finance Expenses Governance Costs 40,003 106, 972 909 6,029 37,576 87,454 978 5,781 1153,9131 1131, 789) IDEFICIT) /SURPLUS BEFORE TAXATION 110,560 7,916 Page 21
NE5rfoN ABBOT DISTRICT RECREATIONAL TRUST LIMITED {LmIted by Guarantee) DETAILED INCOME AND EXPENDITURE 70R THE YEAR ENDED 30 SEPTEiIBER 2024 2024 2023 SUBSCRIPTIONS AND COTRIBuTIoNs Contributions f rorn Clubs Subscriptions Iplayingl Subscriptions {sporting) Incorne Tax Recovered on Covenants 7,300 10,936 7,020 4,176 17,935 9,074 5,436 4,029 29,432 36,474 PROPERTY EXPENSES Rates Heat and Light Repairs to Property Ground8 Maintenance 7,100 23,719 6,437 2,747 6, 804 22,485 4,515 3,772 40,003 37,576 OFFICE AND ADMINISTL4TION EXPENSES Wages Insurance Cleaning Po8Lage, Advertising, Telephone and Stationery Depreciation Pavilion and Grounds Fixture8 and Fittings Equipment Maintenance Sundry Expenses Donation/ Grant 37,130 5,589 33,597 36,858 5,151 31, 775 4,258 5,010 7,370 2,365 653 ii,ooo 2,168 4,878 3,696 2,631 297 106, 972 87,454 FII4ANCE EXPENSES Bank Charges Cricket Club Loan Fee Squash and Tennis Club Loan Fee 134 500 275 153 500 325 909 978 COVERNANCE COSTS Prof essional Fee8 Reporting Accountants Fee 3.629 2,400 3,481 2,300 6,029 5,781 Page 22