Company Number: 00901063
Charity Number: 300909
NEWTON ABBOT AND DISTRICT
RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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INDEX Page
Reference and administration information 1
Report of the Directors 2 - 7
List of Members 8
Statement of Directors Responsibilities 9
Independent Examiners Report 10 – 11
Statement of Financial Activities 12
Statement of financial position 13 - 14
Notes to the Financial Statements 15 - 20
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
REFERENCE AND ADMINISTRATION INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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Directors N L Flower (Chairman)
S J Reynolds
M Andrews
M J Benney
R B Hayes
B R Mackness (appointed 23/09/25)
S O’Donnell
T J Stronghill
R G Thomas
T Villis
D Whitbread (appointed 23/09/25)
B Widdicombe
T J Gubby (appointed 01/11/25)
Registered Office 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 I J Taberner FCA
Turnbull & Co Accountants Limited
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
Page 1
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
DIRECTORS REPORT 30 SEPTEMBER 2025
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The directors present their report and the unaudited financial statements
for the year ended 30 September 2025 for the purposes of section 162 of the
Charities Act 2011 and for the purposes of section 419(2) of the Companies
Act 2006.
The directors confirm that they have complied with the duty in section 17
(5) of the 2011 Charities Act to have due regard to guidance published by
the Charities Commission.
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.
Objectives and activities
The principal activity of the company is the provision of recreation,
physical education, and other leisure time occupations in, or in connection
with, the town of Newton Abbot and its environs.
The Trust employs an administrator and other part time staff. The company
is responsible for the management and operation of a cricket ground, football
pitch, car park, pavilion, five squash courts, four tennis courts and
associated facilities.
The Trust’s membership consists of five affiliated sports clubs: Newton
Abbot Squash Rackets and Lawn Tennis Club, Newton Abbot Spurs Football Club,
South Devon Cricket Club, FIT2run Newton Abbot and Teignbridge Trotters
Running Club. The hall is also used for a number of recreational activities.
The company’s subsidiary company, Coralwharf Limited, operates a bar for the
sports clubs using the facilities of the Trust.
How our activities deliver public benefit
In writing this, the directors have had regard to the Charity Commission’s
Guidance on public benefit.
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NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
DIRECTORS REPORT 30 SEPTEMBER 2025
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How our activities deliver public benefit (continued)
The company’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 for the benefit of the public.
Pavilion and grounds
The company holds the 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 1 October 1993 at an
initial rental of £1,000 per annum, and a supplemental underlease dated 1
April 1998 to expire at the same time as the main underlease for an additional
initial rental of £1,250; and has granted to the trustees of the Newton
Abbot Spurs Football Club an underlease for 25 years from 1 November 2007
at an initial rental of £2,500 per annum.
Results
A surplus was made this year of £14,028. The reserves carried forward at 30
September 2025 were £293,646.
A substantial amount of time is contributed by Officers and Board Members
in relation to the administration of the centre. No payments are made to any
officers or Board Members in this respect. The value of these ‘gifts in
kind’ has not been quantified by the officers.
Achievements and Performance
Having been incorporated in 1967 and then taking on a 99-year lease in August
1970 from The Urban District Council of Newton Abbot (subsequently
Teignbridge District Council), 2025 marks 58 years as a successful charitable
organisation.
The Trust, commonly referred to as “The Rec”, was a while in the making and
was not without its doubters. One Councillor is quoted as stating: “The idea
of a joint pavilion for the two clubs was unworkable as both would want
their own bar and changing rooms and couldn’t be relied on to live in harmony
together.” (Cllr Edworthy c.1963)
In 2025 the Trust, thanks to its now five associated Member clubs continued
to provide much needed sporting facilities and recreational services to the
Newton Abbot & District Community. Active involvement in the wider Community
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NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
DIRECTORS REPORT 30 SEPTEMBER 2025
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Achievements and Performance (continued)
continued as the Trust has become the home of various groups over the years
including Dance and Yoga classes, Darts Teams and Newton Abbot Bridge Club.
On a Monday evening, we are very pleased to host Safebreaks CIC who provide
Community Enabling and Support, helping people to build confidence and take
positive steps towards independence.
The commercial side of the Trust’s operation, through its trading subsidiary,
Coralwharf Ltd, produced a strong increase in turnover (+7.1%) and a
remarkable 18% rise in Gross Profit. Despite rising costs, the Bar managed
an increased overall contribution to the Trust of £75,000 (2024: £56,000)
and continues to trade well, retaining adequate reserves.
The Associate Member Clubs continued their respective sporting activities
and Membership Subscription income, and Contributions exceeded budget with
an increase of 13.5% on 2024. Hall Hire increased by 10.6% reflecting an
increase in Function trade and Licences rose significantly, 40.7%, mainly
due to an uplift in the Licence Fee paid by Coralwharf Ltd. The only area
that didn’t see any real movement from 2024 levels was Car Park income,
stable at 23,862 and this is an area of focus for 2026.
Improvements were made to the Pavilion and grounds including the
refurbishment of the showers in changing room 3 and a new pump in the
football showers. With more improvements planned post year end, the renewed
changing facilities will help to provide much needed and improved useable
space which will be especially appreciated by our associated running club
members.
Funds were also expended on the purchase of additional plant and machinery,
including a new mower to assist with grounds and pitch maintenance. A special
‘thank you’ is noted here to the group of volunteers who tend and prepare
the football and cricket pitches on a weekly basis. Also, thanks go out to
the many volunteers who run the various clubs that make up ‘The Rec’.
The Capital Grant and Improvements Programme, aimed at improving the current
facilities and assisting the Associated clubs with their own capital
expenditure, continued with £7,000 being granted to assist with the
refurbishment of the Squash Courts. This grant followed on from the grant
given in 2024 to assist with the replacement of the flat roof on the squash
courts. The Trust was pleased that the Squash Club managed to secure
sufficient funding and complete the re-roofing in the early part of 2025.
Through the Grant Programme, the Trust continued to recognise the significant
contribution that the constituent member clubs make to its collective
Page 4
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
DIRECTORS REPORT 30 SEPTEMBER 2025
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Achievements and Performance (continued)
existence and to assist with their own sustainability.
Expenditure, excluding the discretionary grant listed above, amounted to
£147,020 which was 3% up on 2024 (£142,913). Overall, the Trust produced a
creditable final surplus of £14,028 compared to a deficit of £10,560 in
2024. The Trust continues to maintain a good level of Reserves and has a
strong operating position.
The longstanding 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 affordable scheme can be devised and potential grant
funding identified. In the meantime, “Designated Funds” have been set aside
as a reserve to eventually be used towards funding a viable project.
Looking forward, the Board will continue to reinvest and will work with the
constituent member clubs to ensure a bright and sustainable future, whilst
keeping ‘The Rec’ in its prime position as a vital part of the well-being
of the Newton Abbot and District Community.
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 December 2017. It is
registered as a charity with the Charity Commission.
The company is overseen by an executive board, who meet bi-monthly and set
the strategic direction in line with the mission and vision of the charity.
Members 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 implementation and operations of the
strategy is devolved to Chris Hurrell centre manager.
Directors
The directors who served during the year were as follows:
S J Reynolds
R G Thomas
R C Bellotti (Resigned 1/3/25)
M Andrews
Page 5
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
DIRECTORS REPORT 30 SEPTEMBER 2025
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Directors (continued)
M J Benney
D M Chalmers (Appointed 1/3/25)(Resigned 23/9/25)
N L Flower
T J Gubby (Appointed 1/11/25)
R B Hayes
A Lloyd (Resigned 11/11/25)
B R Mackness (Appointed 23/9/25)
S O’Donnell
J Patchett (Resigned 23/9/25)
R Petersen (Resigned 1/3/25)
T J Stronghill
T Villis
D Whitbread (Appointed 23/9/25)
B Widdicombe
Members of the Executive Board at 30 September 2025
The executive board during the year under review were:
Elected directors
N Flower - Chairman
S Reynolds - Treasurer
R Thomas
S O’Donnell
M Andrews
Nominated directors
B Mackness - Newton Abbot Squash & Tennis Club
T Villis - Newton Abbot Squash & Tennis Club
T Gubby - Newton Abbot Spurs AFC
D Whitbread - Newton Abbot Spurs AFC
B Widdicombe - South Devon Cricket Club
R Hayes - Teignbridge Trotters Running Club
T Stronghill - Fit2Run Newton Abbot
M Benney - Social
Honorary President
R Thomas
Reserves policy
It is the policy of the company to build up their reserves to such time as
Page 6
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
DIRECTORS REPORT 30 SEPTEMBER 2025
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Reserves policy (continued)
they are needed to complete a project the charity is working towards or
there is a large repair/replacement needed.
Risk Review
The Executive Board has conducted its own review of the major risks to which
the charity is exposed and systems have been established to mitigate those
risks. Should significant external risks to funding be identified, a
strategic plan will be developed which will allow for the diversification
of funding and activities. Internal risks are minimised 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 meet the needs of the charity.
Advantage is being taken in the preparation of the directors report, of the
special exemptions applicable to small companies conferred by the Companies
Act 2006.
ON BEHALF OF THE BOARD
S J Reynolds
Director
Date
Page 7
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
LIST OF MEMBERS 30 SEPTEMBER 2025
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B Allen
M Andrews
RC Bellotti
M Benney
D Brown
S Brown
A Dawes
J Doyle
S Doyle
A Feaver
NL Flower
T Gubby
R Hayes
P Lennox
A Lloyd
B Mackness
S O’Donnell
RM Oliver
J Paris
J Patchett
R Peterson
S Reynolds
T Stronghill
C Sutcliffe
R Thomas
T Villis
M Watts
D Whitbread
B Widdicombe
M Widdicombe
P Wright
Page 8
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
STATEMENT OF DIRECTORS’ RESPONSIBILITIES
Company law requires the directors to prepare financial statements for each
financial year which give a true and fair view. In preparing those financial
statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements that are reasonable 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 standards, subject to any material departures disclosed and explained in the financial statements;
* prepare the financial statements on the going concern basis unless it
is not appropriate to presume that the company will continue in
business.
The directors are responsible for keeping adequate accounting records, which
disclose with reasonable accuracy at any time, the financial position of the
company and to enable them to ensure that the financial statements comply
with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the
prevention and 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
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
INDEPENDENT EXAMINERS REPORT TO THE DIRECTORS OF NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
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I report on the accounts of Newton Abbot And District Recreational Trust
Limited for the year ended 30 September 2025 which are set out on pages 12
to 20.
Respective Responsibilities of Directors and Independent Examiner
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 examination has
been requested.
It is my responsibility to:
-
examine the accounts (under section 145 of the Charities Act 2011)
-
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of independent examiners’ report
My examination was carried out in accordance with the General Directions
given by the Charity Commissioners. 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 from
you as directors concerning any such matters. The procedures undertaken do
not provide all the evidence that would be required in an audit and,
consequently, I do not express an audit opinion on the view given by the
accounts.
Independent examiners’ statement
In connection with my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that, in any material
respect, the requirements
(a) to keep accounting records in accordance with s386 of the Companies Act 2006
Page 10
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
INDEPENDENT EXAMINERS REPORT TO THE DIRECTORS OF NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
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-
(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Companies Act 2006 and the Statement of Recommended Practise: Accounting and
-
to which, in my opinion, attention should be drawn in order to enable
-
a proper understanding of the accounts to be reached.
I J Taberner FCA
Turnbull & Co Accountants Limited
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
Date
Page 11
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025
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2025 2024
Designated Unrestricted Total Total
Notes Fund Fund Funds Funds
£ £ £ £
Incoming Resources
Incoming Resources From
Generated Funds 1
Subscriptions and
contributions - 33,422 33,422 29,432
Grants - - - -
Other Income - 98,490 98,490 87,391
Investment Income - 36,136 36,136 26,530
------- ------- ------- -------
Total Incoming Resources - 168,048 168,048 143,353
======= ======= ======= =======
Resources Expended
Direct charitable
expenditure 2 - 147,188 147,188 147,884
Governance costs 3 - 6,832 6,832 6,029
------- ------- ------- -------
Total Resources Expended - 154,020 154,020 153,913
======= ======= ======= =======
Net surplus/(deficit) for
the year before taxation 4 - 14,028 14,028 (10,560)
Taxation 6 - - - -
------- ------- ------- ------
Net Surplus/(Deficit)
for the year 12 - 14,028 14,028 (10,560)
Funds Brought Forward 140,000 139,618 279,618 290,178
Transfer of funds made - - - -
------- ------- ------- -------
Funds Carried Forward 140,000 153,646 293,646 279,618
Movements on reserves are set out in note 12 on page 20.
Page 12
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
BALANCE SHEET AT 30 SEPTEMBER 2025 COMPANY NUMBER 00901063
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Note 2025 2024
£ £ £ £
Fixed Assets
Tangible assets 7 153,776 157,810
Investments 8 100 100
Current Assets
Stocks 545 462
Debtors 9 38,688 31,782
Bank and Cash 133,653 118,542
------- -------
172,886 150,786
Creditors:amounts due
within one year10 23,116 14,578
------ ------
Net current assets 149,770 136,208
------- -------
Total assets less current
liabilities 303,646 294,118
Creditors:amounts due
after one year11 (10,000) (14,500)
------- -------
293,646 279,618
======= =======
Accumulated Funds
Unrestricted12 153,646 139,618
Designated 12 140,000 140,000
------- -------
293,646 279,618
======= =======
For the year ending 30 September 2025, the company was entitled to exemption
from an audit under section 477 of the Companies Act 2006 relating to small
companies.
The members have not required the company to obtain an audit in accordance
with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the
requirements of the Act with respect to accounting records and for the
preparation of the accounts.
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
BALANCE SHEET AT 30 SEPTEMBER 2025 (CONTINUED) COMPANY NUMBER 00901063
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These accounts have been prepared in accordance with the provisions
applicable to companies subject to the small companies’ regime.
The financial statements were approved by the Board of Directors on
and signed on its behalf by
S J Reynolds -Director
NEWTON ABBOT AND DISCTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
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Newton Abbot and District Recreational Trust Limited is a company limited
by guarantee and a charity registered at the Charity Commission of England
and Wales. The principal office is The Pavilion, Marsh Road, Newton Abbot,
Devon, TQ12 2AR.
The presentation currency is £ sterling.
1 Accounting Policies
Basis of preparation
The financial statements have been prepared on the historic cost basis
and in accordance with Accounting and Reporting by Charities: Statement
of Recommended Practise applicable to charities preparing accounts in
accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102)(effective 1 January 2015)-(Charities
SORP (FRS 102) and the Companies Act 2006.
Newton Abbot 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 adjustments have been made to restate the comparative
figures.
Consolidation
The company and its subsidiary comprise a small group. The company has
therefore taken advantage of the exemption 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 Companies Act 2006, would not
present a fair view of the results of the company. Accordingly, the
format of the profit and loss account has been amended as permitted by
the Companies Act 2006.
Fund accounting
General funds are unrestricted funds which are available for the
trustees for furtherance of the general objectives of the company and
which have not been designated for other purposes.
Designated funds are unrestricted funds that the trustees have set
aside for a particular purpose.
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NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
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1 Accounting Policies (continued)
Incoming Resources
Income is represented by monies derived from the company's principal
activities after the deduction of value added tax and is only recognised
when the company has entitlement to the income, it can be measured
reliably and it is probable that it will be received.
Resources expended
principal activity of the provision of recreation, physical education,
and other leisure time occupations in, or in connection with, the town
of Newton Abbot and its environs. All expenditure is accounted for on
an accruals basis and is fully analysed in the notes. It is recognised
once there is a legal obligation to make payment to a third party, that
it can be measured reliably and it is likely that payment will be
required.
Governance Costs include those costs associated with meeting the
constitutional and statutory requirements of the charity.
Fixed assets
Depreciation
Depreciation is calculated to write down the costs of assets by equal
annual instalments over their expected useful lives, as follows:
Leasehold land and buildings 2% to 20% per annum
Fixtures and Fittings 12.5% to 20% per annum
Debtors
Debtors are recognised at their settlement amount after any trade
discounts.
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 possible that a transfer
of economical benefit will be required in settlement, and the amount of
the settlement 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 or services it must
provide. Provisions are measured at the best estimate of the amounts
required to settle the obligation.
Page 16
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
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1 Accounting Policies (continued)
Grants
Grants received are accounted for on an accruals basis and are shown
separately on the Statement of Financial Activities. Grant income is
only subsequently deferred if required by the specific terms and
conditions of the grant.
Stocks
Stocks are valued at the lower of cost or net realisable value.
Going concern
With the affiliated clubs that are currently signed up, together with
the other income streams, a going concern basis in preparing the accounts
can be adopted.
2 Direct Charitable Expenditure 2025 2024
Designated Unrestricted Total Total
Fund Fund Funds Funds
Expenditure Expenditure
£ £ £ £
Property expenses - 37,497 37,497 40,003
Office and administration
expenses - 108,965 108,965 106,972
Finance expenses - 726 726 909
------ ------- ------- -------
- 147,188 147,188 147,884
====== ======= ======= =======
3 Governance Costs
Reporting Accountants Fee - 2,500 2,500 2,400
Professional fees - 4,332 4,332 3,629
------ ------- ------- -------
- 6,832 6,832 6,029
====== ======= ======= =======
4 Net surplus/(deficit) for the year
This is stated after charging:
Directors emoluments - -
Depreciation written off tangible fixed assets 12,198 12,380
======= =======
Page 17
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
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5 Employees
Number of employees 2025 2024
Number Number
The average monthly number of employees
during the year was:
Administration 4 2
====== ======
Employment costs £ £
Wages and salaries 54,749 33,249
Employers national insurance 5,125 2,981
Pension contributions 1,013 900
------- -------
60,887 37,130
======= =======
No employee received emoluments above £60,000.
6 Taxation
The company is a registered charity and no provision for taxation is
considered necessary.
7 Tangible Fixed Assets Leasehold
Fixtures Pavilion
and and
Fittings Grounds Total
Cost £ £ £
At 1 October 2024 113,443 259,121 372,564
Additions 2,816 7,380 10,196
Disposals (8,844) (608) (9,452)
------- ------- -------
At 30 September 2025 107,415 265,893 373,308
======= ======= =======
Depreciation
At 1 October 2024 73,189 141,565 214,754
Charge for year 7,075 5,146 12,221
Disposals (7,323) (120) (7,443)
------ ------- -------
At 30 September 2025 72,941 146,591 219,532
====== ======= =======
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NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
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7 Tangible Fixed Assets (continued)
£ £ £
Net book value
At 30 September 2025 34,474 119,302 153,776
====== ======= =======
At 30 September 2024 40,254 117,556 157,810
====== ======= =======
8 Fixed assets - Investments 2025 2024
£ £
Investment in subsidiary company 100 100
==== ====
The subsidiary company, Coralwharf Limited, is 100% owned. It is a
trading company which operates a bar and is registered and
incorporated in England.
At 30 September 2025, the aggregate amount of its share capital and
reserves amounted to £11,774 and its loss for the year to that date
was £544.
9 Debtors: Amounts falling due within one year.
2025 2024
£ £
Trade Debtors 6,185 2,483
Prepayments and accrued income 20,845 21,353
Other tax and social security 3,728 3,771
Other Debtors 4,848 4,175
Amount due from group undertaking 3,082 -
------ ------
38,688 31,782
====== ======
10 Creditors: Amounts falling due within one year
Trade creditors 8,833 2,829
Other Tax and social security 1,404 1,363
Accruals and deferred income 7,732 7,182
Payments on account 3,238 1,528
Newton Abbot Squash and Tennis Club loan - 1,000
Amount owed to group undertaking 1,711 504
Other Creditors 198 172
------ ------
23,116 14,578
====== ======
Page 19
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
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11 Creditors: Amounts falling due after one year
2025 2024
£ £
South Devon Cricket Club Loan 10,000 10,000
Newton Abbot Squash and Tennis Club loan - 4,500
------ ------
10,000 14,500
====== ======
12 Accumulated Total Funds
Designated Unrestricted Total
Fund Fund Funds
£ £ £
At 1 October 2024 140,000 139,618 279,618
Surplus or the year - 14,028 14,028
Transfer of funds - - -
------- ------- -------
At 30 September 2025 140,000 153,646 293,646
======= ======= =======
General funds are held for 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 Capital and Members Liability
The company is 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 directors.
15 Transactions with the Trustees
None of the Trustees (or any persons connected with them)
received any remuneration during the year, nor have they
received expenses.
Page 20
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025
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2025 2024
£ £ £ £
SUBSCRIPTIONS
Subscriptions and Contributions 33,422 29,432
INCOME
Administration fee from the bar 15,000 15,000
Hire of Hall 16,068 14,531
Pitch Rents - 60
Car Park 23,862 23,799
Leases 10,760 10,240
Licenses 32,800 23,300
Other income - 461
Government grants - -
------ ------
98,490 87,391
------- -------
131,912 116,823
OTHER INCOME
Interest Receivable 1,136 1,530
Charitable gift from Coralwharf 35,000 25,000
------- -------
168,048 143,353
EXPENDITURE
Property Expenses 37,497 40,003
Office and Administration 108,965 106,972
Finance Expenses 726 909
Governance Costs 6,832 6,029
------- -------
(154,020) (153,913)
------- -------
SURPLUS/(DEFICIT) BEFORE TAXATION 14,028 (10,560)
======= =======
Page 21
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)
DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 30 SEPTEMBER 2025
-------------------------------------------------------------------------- |
-------------------------------------------------------------------------- |
-------------------------------------------------------------------------- |
|
2025 |
2024 |
|
£ |
£ |
SUBSCRIPTIONS AND CONTRIBUTIONS |
|
|
Contributions from Clubs |
8,200 |
7,300 |
Subscriptions (playing) |
12,344 |
10,936 |
Subscriptions (sporting) |
8,030 |
7,020 |
Income Tax Recovered on Covenants |
4,848 |
4,176 |
|
------ |
------ |
|
33,422 |
29,432 |
|
====== |
====== |
PROPERTY EXPENSES |
|
|
Rates |
8,065 |
7,100 |
Heat and Light |
19,764 |
23,719 |
Repairs to Property |
6,295 |
6,437 |
Grounds Maintenance |
3,373 |
2,747 |
|
------ |
------ |
|
37,497 |
40,003 |
|
====== |
====== |
OFFICE AND ADMINISTRATION EXPENSES |
|
|
Wages |
60,887 |
37,130 |
Insurance |
4,605 |
5,589 |
Cleaning |
13,779 |
33,597 |
Postage, Advertising, |
|
|
Telephone and Stationery |
3,636 |
4,258 |
Depreciation - Pavilion and Grounds |
5,146 |
5,010 |
- Fixtures and Fittings |
7,075 |
7,370 |
Loss on disposal of assets |
2,009 |
- |
Equipment Maintenance |
4,418 |
2,365 |
Sundry Expenses |
410 |
653 |
Donation/ Grant |
7,000 |
11,000 |
|
------- |
------- |
|
108,965 |
106,972 |
FINANCE EXPENSES |
======= |
======= |
Bank Charges |
113 |
134 |
Cricket Club Loan Fee |
500 |
500 |
Squash and Tennis Club Loan Fee |
113 |
275 |
|
------ |
------ |
|
726 |
909 |
GOVERNANCE COSTS |
====== |
====== |
Professional Fees |
4,332 |
3,629 |
Reporting Accountants Fee |
2,500 |
2,400 |
|
------ |
------ |
|
6,832 |
6,029 |
|
====== |
====== |
|
|
Page 22 |