KING GEORGE'S FIELD CHARITY
FINANCIAL STATEMENTS
31 MARCH 2024
Charity Number 301136

KING GEORGE'S FIELD CHARITY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
CONTENTS
Trustees annual report
Independent examiner's report to the twslees
Statement of financial activities
Balance sheet
Notes to the financial statements
7t08

KING GEORGE'S FIELD CHARITY
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustee has pleasure in presenting Its report and the unaudited financial statements of the charity
FOR THE YEAR ENDED 31 MARCH 2024
ADDRESS
King George V Pavlllon. Peter Grant Way. Femdown, Dorset. BH22 9EN
TRUSTEE
Ferndown Town Council (Sole Trustee)
presented by Its members at the date of the meeting
CONTAcr
Mrs Tsolazzo (Administratorto theTrusteel. The Barrington Centre, Penny5 Walk, Ferndown BH22 9TH
EXAMINER
Oo the Numbers Ltd, 37 Upper Brownhill Road, Southampton S016 5NG
BANKERS
National Westminster, 503 Ringwood Road, Ferrbdown, Dorset, BH22 9BL
GOVERNANCE
Conveyance dated 30th July 1953 resulting in Declaration of Trust dated ioth September 1956
a5 amended by Schemes date 12l- January 1997 and 7-. March 1997 and resolution dated 3151 May 2012
Registered as a Charity on 25 October 1962
All documents Grvoilablefrom the odministrotor upon request.
OBJECTIVES
The object of the Charity is the provision and malntenance of a PL¢blic recreation ground for the benefit of
all persgns, without distinction of polttical, relibrious or other oplnlons wth the object of improving the
¢onditions of life for the said persons.
The land shall be held upon trust for use for the object of the Charity.
The land shall be maintained as a permanent memorial to King George V under the provisions of the Klng
George's Fields Foundation.
The trustee believes that the charity meets the public benefit requlrements and has complied with the duty
in sethon 4 of the 2011 Act.
ACHIEVEMENTS
Ferndown Town Council Contributes towards the improvement and maintenance of the fatilitiÈs by means
of an annual grant. The amount Df this grant for the current year was £118,23112023 .. £118,231).
Both the Charity and the Town Councll trustee clearly identify the cost / value of works carried out by
charity staff to maintain council assets and facilities, separate from the grant
Activities and objectives of both the chafity and its trustee are detailed on the Council website.
SIGNED ON BEHALF OF THE TRUSTEES
Trudy Sollazzo
Administrator
Cllr Terry Cordrey
Chairman of the Trustee

KING GEORGE'S FIELD CHARITY
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
I report on the accounts of the charity for the year ended 31 March 2024 whlch are set out on pages 4 to 7
RESPECTIVE RESPONSIBIUTIES OF TRUSTEES AND EXAM114ER
The charity's trustees are responsible for the preparation of the accounts. The charlty's trusiees consider that
an audit 15 not required for thls year under section 144121 of the Charthes Att 2011 (the 2011 Act) and that
an independent examination 15 needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under
5ertion 14515Xbl of the 2011 Att: and
to state whether parhcular matter5 have come to my attention.
8ASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the general Directions glven by the Charity
Commission. An examination includes a review of the accounting records kept by the chaiiLy and a
comparison of the accounts presented with those records. It also includes consideratlon of any unusual
items or disclosures In the accounts. and seekn.ng explananons from you as trustee5 con¢ernlng any such
matters. The procedures undertaken do mt provide all the evidence that would be required in an audit and
consequently no opinlon is given as to whether the accounts prèsent a 'true and fair view, and the report 15
Ilmlted to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connertion wfith my examination, no matter ha5 Come to my attention:
Illwhich give5 me reasonable cause to believe that irh any material respect the requirement%=
to keep accounting records in accordance with secbon 130 of the 2011 Act,. and
to prepare accounts which accord wtth the accounting record5 and tomply wlth the accounting

KING GEORGE'5 FIELD CHARrrY
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
iJnrestsi¢ted Restrf¢red EndowmÈnt Total Funds
FurK15
FuTras
Fund5
2024
2023
INCOMING RESOURCES
Donations and sundry income
Income from events
Grant- F¢indown Town Council
Grants- other
4.567
350
118.231
2,812
125.960
4,567
350
118,231
2,812
125,960
3,872
I,ocK)
118,231
Voluntsry Income
Dividends from investments
Bank Interest
123,103
1.071
2,543
2,543
2,543
2,543
43,596
101,920
Investment Income
1,071
47,138
54.420
5,439
106,997
231,171
Sports fees
Lettin8 income
Eleetrlclty feed in tariff
Charitable Activkiies
TOTAL INCOMING RESOURCES
43.596
101.920
145,517
271.477
145,517
274.020
2.543
RESOURCES EXPENDED
Grounds and hctusekeeping staff
Admin recharge fee
utilitie5 Iwater and elertricttyl
Field maintenance
Pavilion maintenance
Tennls court maintenance
Administration
Insurance
137.973
-21,S(K>
45,362
35,636
3,229
5,995
12,854
13,lJ5
232,664
5.316
-88.764
410,097
3,235
-40.116
137,973
-21,500
45,362
35,636
3,229
5,995
12,854
13,115
232,664
5,316
48.764
40,097
3,235
40,116
121.6a2
22,706
24,970
43,275
2,915
11,618
16,578
243,664
3.691
1,5
21,529
3,803
30,523
Charitable activities
Accountancy and payroll 5ervice5
Revaluation of assets previously expensed
Depreciation
Legal and professional fees
Govemance ¢0sts
TOTAL RESOURCES EXPENDED
192,548
192,548
274,187
NET INCOMINGI ioufGOINGI RESOURCES
78.929
2,543
81,472
-43,017
The notes on pages 7 to 8 form part ofthese financial statements.

KING GEORGE'S FIELD CHARrrY
BALANCE SHEET
AS AT 31 MARCH 2024
Note
2024
2023
FIXED ASSErs
Tangible assets
Long term deposits lendowment fvndl
Investments (Èndowment fund)
2,6d4,
105,LX)2
144,059
2.893.129
2.595.901
104.958
144,059
2,844,918
CURRENT ASS
Trade Debtors
Cash at bank and Sn hand
34,829
135.275
170.104
30.641
114,370
145,011
CURRENT UABIUTIES
Trade Creditors
Accwals and other creditors
41,810
976
42.786
50.165
789
50,954
NET CURRENT Assrrs
127,318
94,057
NEf ASSErs
3,020,447
2,938,975
FUNDS
Endowment fund5
Restricted income funds
Fixed asset revaluation
Unrestricted income funds
TOTAL FUNDS
263.444
4,641
1.069,525
1,682.837
3,020,447
258,200
4,641
1,069,525
1,606,609
2,938,975
These financial statements wère approved on
CllrTerry Cordrey
Chairman ofthe Trustee
The notes on page5 7 to 8 form part of these financial statements.

KING GEORGE'S FIELD CHARrrY
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 MARCH 2024
I. ACCOUNTING POLICIES
Basis of accounti
The financial Statements have been prepared under the historical cost Convenron, except for
investment5 which are included at market value and the revaluation of certaln fixed assets, and in
accordance with applicable United Kingdom accounting standards and The requirements of the
Statement of Recommended P￿ctiCe 'Accounting arKI Reporbng by Charlt(es' issued in March 20D5
ISORP 20051.
Rxed a55ets
All lixed assets are initially recorded at cost.
The trustee ha5 inventoried all assets in the year arid re￿eWed the depreciation pDlicie5 applied to
all assets. The charges for the current year include the adjustments to the updated approach.
A detailed schedule 15 held by the administrator.
Freehold land and buildings
Improvemeats to community assèts
Tools and equipment
Vehicle5 and rnotorised equipmènt
not depreciated
15% feduung balancè
20 % reducing balance
25% reduclng balance
Assets donated io the charity and those whith are fully tlepreclated are deemed to have
residual value of £1
Penslon ¢05tS
The d)arlty operates the LGPS for those employees whose service commenced before 2013
All other eligible employee5 have been Auto Enrolled into Creattvé Benèfit Solthions Ltd.
2, EMPLOYEES
The average number of employee5 durin8 the year, was a5 follows:
No employee re￿W¢d remuneratr.on of more than £50.￿ during the year12023 NIII.
3. TRUSTEES
No trustee received any remunerats.on during the current or previous year.
No trustee or other person related to the charity had any personal interest in any cont•rt or
transaction eritered into by the charity during the current or previou5 year.
No expenses were reimbursed to any individual trustee during the current or previous year.
2024
2023

KING GEORGE'S FIELD CHARITY
NOTES TOTHE FINANCIAL STATEMEMrs
FOR THE YEAR ENDED 31 MARCH 2024
Freehold Communtty
Property
A$￿ts
4. FIXED ASSE
Tools
Vehicles
Totsl
2023
COST
Bmught forward at 01.04.23
Revalijation in year
Addiuons
Disposals
Carried forward as at 31.03.24
2,481,865
379,632
20,(K)3
40.772 2,922,271 2.922.151
47.141
41,123
88,264
120
2.481,865
379,632
67,144
81,895 3,DIO,535 2.922,271
DEPRECIATION
Brought forward at 01.04.23
Charge forthe year
Dlsposals
Carried forv4ard as at 31.03.24
277.524
15,316
14.418
13,379
34.428
11,402
326,370
4D,097
304,841
21,529
292,840
27,797
45,830
366.467
326.370
NET 8OOKVALUE
Brought forward at 01.04.23
2,481,865
102,108
5.585
6,344 2,595.901 2,617,310
Carried forward a5 at 31.03.24
2.481,865
86.792
39.347
36,065 2,644,068 2,595,901
Unreallsed
UnrealSsed 8aSn 1110551 Mark2t value
Historfccost 8ain blfwd
for year
3LOI.24
5. INVESTMENTS
Part of the endowrnent fund 15 invested as follows
CAF Equity Fund
CCiA PfDperty deposit fund
CAF Fixed lThterest Fknnd
TOTAL
19,037
53.333
71.276
143.646
12.159
31,196
53,333
59,533
144,062
-11.743
416
The balance ol the endtswment fvnd is held in cash 5avin&5 account5 Wlth rnaturity between I day and I year
OI.r￿.23
bfvd
clfwd
31.03.24
6. RESERVES
4￿me
Expenditure TTan5fers
Endowment Funds (net of Solar p3ndsl
InvE5tment Revaluation reserve
Restritted Income Fund= Wood51 Bandstand
Bandstand
Revaluation of land and buildings March 2021
General fund- KGV building
General fund Isurplus on activities)
258,2Th)
-1.563
4.146
495
1,069,525
1.570,829
37,343
2,938,975
258,200
979
4,146
495
0 I,(￿9,525
1,570,829
116,273
0 3,020,447
2,543
271,477
274,020
192,548
192,548

Klng Georges Fièld Ftrndown
Ye3r
31.03.24
DR
0 31.03.23
DR
31103122
31.03.21
DR
cft
CR
CR
CR
INCOME
Pavlllon
General Room Hire
DCC RegISt￿rnrad1n8 St3ndards
DCC Land Rental
Registrars recharges
mis￿lIaneouS Income
Kiosk
Electrl¢lty Feed In Payments
26,598
14.086
50.745
2.723
20.802
20,628
1,236
4.653
7.500
5,439
62,981
3,198
6,618
20.628
2.906
13,918
3,51
4.285
55.053
153
11,959
20,628
6,207
880
5,391
5,203
4,120
43,947
105,663
Fleld
Football
Tennis pay as you 80
Crlcket
Mlsc Income
Tennis Club
Bowls Club
15.382
4,902
679
1.175
9.029
13,605
44.771
15,962
7.500
600
7,449
1516
480
6,602
1.339
1.750
7.420
12.368
48,888
4,229
9,945
38.236
2,890
5,500
18,836
Flnanclal
Interest and divldends
FTC Grant
5.355
118,231
123.586
274,020
1,071
118.231
119.302
231,171
61
139,760
139,821
233,110
4,185
139,948
144,133
2C6,916
TOTAL INCOME
(PENDrruRE
Pavlllon
Cleaning and Housekeeping
ElectricSty and utilities
Water/Sewage
COVID
Insurance
20,994
32,336
4,920
19,723
24.749
34,571
17.266
5,353
2.208
17.146
1.127
115
77.786
12,743
6.877
5,464
1,809
11,604
1,431
256
40,184
13,115
8,105
2.269
8L740
16.578
221
2.915
64,186
Re¢y¢ling waste charges
Flehj
Grounds Staff
Football
Bowls
Tennis
Cricket
General
Fuel
Health & Safety
HR Contractor
General waste charges
116,979
12.257
12.432
5.733
1,094
6,374
3,940
4.791
3,705
960
168.265
101.879
12,615
21.385
6,035
596
124,6%
5.614
5,081
7,811
1,023
431
1,401
1.544
1,930
2,545
152,076
116,888
3,798
2.738
1.192
621
3,991
2.149
2,807
550
2.908
137,642
2.615
2,691
150,461
Flnanclal
Accountancy Fees
Legal & Professional Fees
General
Support
General Admin cosls
Depre¢l8tion
1.611
3.235
-21,500
906
6,959
48,667
-57,456
192.548
0.00
i.othj
4,037
2,S83
1.000
3,675
983
443
138
27,094
33,334
211,160
3,803
22.706
8.307
21.529
59,541
274.187
1,335
25,733
34.688
264,550
TOTAL EXPENDITURE
Overall Surplus / IDefititl
81,472
43.017
-31,441
4,243