Charlty R•gi8tratK)n No. 301569
LYDNEY RECREATION TRUST
ANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

LYDNEY RECREATION TRUST
CONTENTS
Pago
Truste8s' roport
Independent &X8WUrtefs raport
statomont of financial adivit
Balance sheet
Statement of cash fiows
Notes to the finan¢i81 ststements
6-13

LYDNEY RECREATION TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Tru$ts•s
LydneyTown Counc
Charity nurnber
301569
Address
Claremont Hou8e
High Street
Lydney
Gloucèstershire
GL15 5DX
Indepomdènt examlner
Stephen HumphrÉ8S.
GrnTrths Marshall
20 Newerne Street
Lydney
GL15 5RA

LYDNEY RECREATION TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 hlARCH 2025
The trustees present Iheir annual report and ffin8n¢ial statements br the yaar anded 31 M4rch 2025.
The accounts have been prepared in aecordance with the accgunting policies set out in note 1 to the accounts
amd compty with the chartty's governing document. the Charities Ad 2011 and the Slatsmerst of Recommanded
Prath"co, 'Accounlng and Reportmg by Charrti•s" lapplieable to charities prepartng thelr a¢counts in accordan¢¢
wth the FRS1021.
ObJective8 and actlviti•s
The objectives of the ¢harty as set out in rts gov•ming do¢umBnt ore the provb5K*n 8nd mainlen8n¢* of playing
fi8lds, and othèt rècreational premise$ publK bgnafrt through heaEthfvl and enjcyablg r8eroational
activit￿5.
The trustèes, have cornplied with their duty to have regard to the guida￿& on Public Bengft publish•d by the
Charrty Commission in èxercising thebr powrs and duties.
Thè trustees have paid due regard to guidance issued by the Charity Commls$ion in deciding %that activities the
charity should undertake.
Th• charty has conts.nued its work in motntainiNJ Lydney Rerroaiion Ground in fi¢rthgranc* of Publie BènèftL
Signthcant expendituT8 had bggn incurred in tssptrct of drau>age and ¢hawJin9 room5.
Financial revlèw
The trustèès batseve that the th•nty has adequate rostrrvès to finance its ￿￿1110$ for th8 wnmèdiate futuro.
It 15 the pg1i¢y of the charity that unrestricted fijnds which have not been d8signated fr)r a specific use should be
rrraintAined at a level 5ufftttiènt lo ensure that, in the 8vent of a significant drop in fijnding. the tharty's Current
activf(ies can be continued while consideration is gwen to in which addrtional funds rrray be raised. This
lovel of reserves has been maintained thtoughoÈtt thè year. No funds are in deficit
The trustees has assessed the major rjsks to which the chaity is •xposed. and arè satisfied that systems are in
place to mrtigate oxposure b) the major risks.
The pjans for fijtttre wiods aT¢ lo ¢ontinue the charty's extsttng wo￿.
Structure. governan¢¢ and management
Th• charity was èstsblishad by a charitable tnjst deed on 3April 1946 and an order dalgd 6 Jun• 1968.
The truste¥s. who served during thè y•arwere".
Lydney Town Council
No other trustees wll be wuited orappoKit¢d.
Tho trustg0s' r•port was authorised by the Tr￿t Seuètsry and signed on behaifof thè Trust.
Tru51 Secretary
D¥ttrd-. 4 June 2025

LYDNEY RECREATION TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LYDNEY RECREATION TRUST
I reportts thè trustees on my gxamination 0ltt)e fjnancial statsmgnts of Lydney Ro¢r•ation Trust ltrtè charity) lortho
y&ar end8d 31 March 2025.
Respon¥ibSlttl¢s and ba818 ol r•port
As the trustees of the chanty you are responsible for the pr&parats"on of the financial s&￿ements in Sec￿rdanCe with
the requiiemenls ofthe CharitiesAct 2011.
l T*POrt In respect of my examination of the charty's finafjcial statemènts carried out under sectton 145 of the
Charl￿S A(* 2011. Ift carrying out my examination I have followed the Directions given by the Charty Commi5511)n
under sedion 14515llbl of th¢ Chanties Act 2011.
lttdependentoxamlnerf¥ statem•nt
I hav8 eompleted my e￿MInatIon. I confiim that no mattérs have come tts Irty attention in ¢onnectb)n with th&
xamination giving rr* cause to bèliève that ir) any material re5Pe¢t.'
account￿9 records wete not kept in respe¢t of the charty Ès rèquired by s•Gllon 130 of the Charities Act 2011.
the financial statemgnts do Th)t accord with those re¢ords-. or
thè financial ststements do not comply with the 8pplÉcable requiiements concerning thg form and ¢ont&nt of
financial statements set out in the Chariti'es (Accounts and Reports) Regulations 2008 other than any
requirement that the financial ststsments give a trua and fair v￿w, which 15 not a matteT conside18d as part of
an independent èxamination.
I have no concerns and have ts)m& across no othèr matters in connèetton with the ￿amInatIon to ￿*ich attents.on
should be drawn lli this report in ordèr to enable a proper understanding of the finanthal statements to ba r&ached.
stephen Humphrtas
Grifff(hs Marshall
20 Ntrweme Strèet
Lydn8y
GIouc8stsrshiT
GL15 SRA
Oated.. 4 June 2025

LYDNEY RECREATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 hlARCH 2025
Unrestfietad Unrestrlct•d
funds
funds
2025
2024
Income from:
Donations and legaae5
Charf(able activili
Investments
139.429
31.436
1,910
1(K),376
26,925
1.833
Total Ineom•
172,775
129.134
Expndilure on:
Charitable actNitle$
102,942
T21.999
Total •xp•nditure
11r2,942
121,999
N•t Income and mov•ment In fund$
69.833
7.135
Reconciliafjon otfunds:
Fund balan¢frs at 1 April 2024
329.346
322.211
Fund balances al 31 Ma￿h 2025
399,179
329.346
Al incofne and expendrtura is unrestrietèd, anfl derives from ¢ontinuing adfvltoes.

LYDNEY RECREATION TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
2025
Flxed assets
Tangib18 assets
11
143,714
118.546
Current assats
Oebtors
Cash at bank and in han(J
12
t5,926
241,240
14.560
197,560
257.166
212.120
Creditorn: amounts lal4ng due withl
ye4r
13
(1,7011
11.3201
N•tcurrent assets
255,465
210.8
Total assets lus Current liabilltle¥
399,179
329.346
The lunds ofthe charfty
Unreslri¢tsd fijnds
14
399,179
329,346
399,179
329,346
Thefi
c(al stgtaments were gppmved by tho trustees on 4 June 2ff25
Lydney Town Council
Trustse

LYDNEY RECREATION TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2024
Cash tlows from opeTatlttg activities
Cash generated from operation5
18
95.070
19.951
Investlng activities
Purchase of langib5e fixed ass8ts
Investmént income recelvod
153,3001
1.910
40.4571
1,833
Net cash used in Investlng activities
151.3901
138,6241
Nvteash generated Irom Ilnanclng actlvities
N•t Increaselldecrèaae) In cash and ¢•gh
equlvalents
43.680
118.673)
Cash and ¢ash oquwalents at beginning ofyear
197,580
216.233
Ca¥h and cash equivalents at •nd of year
241,240
197.560

LYDNEY RECREATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcle8
Charity inbmatlon
Lydney Recreation T￿￿t Is a eharitablÈ trust
1.1 Accounting conventlon
Th• financial statements havo been prepared in 8(tordan¢g th• chartys govèming do¢ument. the
Charf(ies Act 2011, FRS 102 The Financial Reporting Standard appI￿able In the UK and Republ￿ of Ireland,
and the Chariti•s SORP "Accounting and Reporting by Charit￿s.. Statsmont of Recommgnd*d Practtce
applicable to ¢harth'es preparing their a￿ount$ in a￿Ordan￿ with the Financial Repotting Standard
applicabte in the UK and Republic of lrnland IFRS 102r. The chefty i% a publ￿ Benefrt Entty as dgfingd by
FRS 102.
The financial ststemenls have departed from thè CharitEs IAc¢ounts and Report51 Regulat￿TrS 2006 onty to
th8 extent rÈquired to provide a true and fair wèw. This departure has invofved follDwing the Ststèmènt of
Recommended Pra¢ti¢e for charrti9s applying FRS 102 rather than the v&rsion of the Statement of
Recommgnd•d Practice which is refer￿￿ to in the Regu18tlons but which ha$ slnee been withdrawn.
The accounts arg prepared in sterling, vknich is the fvrTctional currency olthe charrty.
The accounts have been pr&pared under tho historical cost ¢on¥8nlion, rrK)dified to include the rwaluation of
Certain finan￿1 Instruments al fair value. The principal accounting polic￿ adopted are set out below.
1.2 Going concern
At the *"n* of approvlng the finan¢Kg1 statements, th¢ trustsas have a rèasonable expectat￿ that the chanty
has adequatè resources lo Continue in opèratr'onal existenee for the fore59eable future Thus thè trustsos
continue to adoptthe going con¢èrn basis of accounting in preparing the financial Statements.
1.3 Charlt4ble fvnd$
Unrestric*ed fitnds are avalabb for use at tha discretion of the t￿￿tee$ in further8n¢e ol thèir char*able
Obje￿[Vas.
Restrided lunds are subject to speerflc Conditions by donors or 9rantOTS as to they may be used. Tho
PU￿0￿ and uses of thè r•stricted fijnds are set out in the Th)tes to the financial statements.
Endowment fitnds are sublec* to spe¢rf￿ ¢onditions by donors that the ¢apital musl be maSntained by the
charity.
1A Income
Income is re¢ognised when th8 charrty is legally ontrfded to it after any perfomancè condit¥)ns have been met.
tha amounts can bo measured rglrably, and ti is probable that in¢omÈ will be receNèd.
1.5 ExP￿dItUre
Expenditurè is recognised once there is 8 byal or constr￿*¥0 oblgation to transf•r econorréc benefft to a
third paty, it is prcbable that a transfer of economi¢ b•n•ffts will bè rèquired in 8ettlement, and the *mount of
the obligat￿n can be rneasured reliably_
Expendi￿re 1$ classiffied by actmty. The c05ts of each athvlty are made up of the totsl of dir•ct Costs and
shared costs, including support costs involved in undertaking each actNty. Direct costs attTibutabl& to a single
activty are 8lh)cated diredly lo that activity. Shar¥d cost5 which eontn'bute to moro than one aebvty and
support costs which not attn'butabl• to a Sing￿ actfvity are apportionèd b8fv¥een thosa activiti￿ on a basis
consistent with the use of resources Central staff ¢o$ts ale alk)catsd on the ba5i8 Df t.mè spent. an
depreciats"C&n chargos are ¥llocated on the portion of the as$eVs use.
Resources •xpended are re¢ognised in the p0rlcwJ in wthi¢h they are incurred.

LYDNEY RECREATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢¢outitsng policies
(Continued)
1.6 Tanglble fix¢d assets
Tangiblè fLYèd assets are initi"811y measurod al co51 and subsequently measured at cost or valuation. net of
depreciation and any impairmenl lossès.
Depre¢￿tion is recognisgd so as ts Mitè off tha cost or valuation of assets le55 thèir residual values ¢)vgr their
usèful I￿0$ on the followng bases..
Land and buildings
Fi¥turtrs, fittin9s & equipmant
10% Straight lino basis
20% stralght line basis
Thè gain or k)ss arising on Ihè disposal of an asset k% detemiined as the differènce be￿n the sab proceed5
and the ¢airying value of the asseL and 1$ rècognised the statgment of financi81 actNiti•s.
1.7 Impairnwnt of ftx•d assets
At ea(* reporting end date, the eharity ￿vIewS thè earrying amounts of ts tangible assets to det8rmine
whether therè is Any Indication that those assets have suffeiad on impawment b$5. If any such indication
8xists. the recoverable amount of the asset IS 9Stimated in order to det•miine the extent of the impairment
b55 {if any).
Cash and cash equivalents
Cash and cash equlva￿nts include trash in hand. tl•posits held at ¢¥ll with banks, othèr short-temi IiqL5id
inv?stm8nts with original maturtknas ofthree rrKJnlhs or lèss. and bank ovwdrafts. Bank overdrafts shown
wthin boirown9s in current liabilrties.
1J Financial Instruments
The chaity has eleet•d to apply the p[ovi$￿nS of Section 11 'Bas* Financial Instwm8nts' and Soction 12
'Othèr Financ￿1 Instruments l$sues' of FRS 102 to all of its financial instruments.
Financial instwmenls are recogni5ed in tho chariiy's balance sheet when the charity baeomas party to th$
ntractual provbstons of the in5tnJm&nt.
Finaneial assets and liabltbes ère offset, with the not amounts wesentèd in thé financial statsmgnts. when
there is a legally enforceable rfghtto $91 off th$ reeognise¢J amounts and thore is an intèntion to settle on a net
basis or to realise the assèt and settle the li?bilty simultaneously.
Ba8k flnanci•l ￿90￿
Basi¢ financial assets. which includè debtors and cash and bank balances, ar8 initially measurèd at
transaction pri¢¢ including Iransadion costs and are sub5equ•nlly earned at amortised ¢¢st using the effectwe
intèr8st methocs unlèss the arrangement c¢n5titutes a ffinanciig transaction, where the transaction is
measured at the presènt value of the ftrtur¢ roceipts discounted at a markèt rate of inlertrst Financial assets
elassthed a5 receivable Mnthin on8 yèar are not amtsrtised.

LYDNEY RECREATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Pxcounting PDllclè8
(Contknuedl
Baslc fin•nelalllabiliti
Basic financial liabilities, induding creditors and bank loans am infaally re¢ognl$od at transaction prts unless
the arrangemènt conslrtute5 a financing transadion, where thè debt instrument 15 ft*asured at the pmsent
v¥lue ef the future payments discount¢d at a maiket iata of intsTesl. Financial liabilrtie5 cl¥ssffied as payab
within on¢ ygar are not amrtisad.
Debt instrumènts are subsequontty ¢arTied at affv)rbs&d ￿st Using the effectwe inltsrest rate Method.
Tradé ereditoTS are obligations to pay for yoods or seNi¢es that have been acquired in thg ordinary course of
operations from supplier& Amounts payable ar8 classified a5 current liabilities if payment 15 *Jue w￿h1n t￿8
ygar or less. If not thay are presented as non-current liabilities. Trada creditor5 are recognised inth.alty at
transaction price and subsequently measured at aTnoitis•d cost using tha affectNe intèrest method.
DeiBcognilion of finanual liablllllas
Financial liabilities are deretognis•d when thè Chari￿s contractU81 obligations explro OT are di6¢harg8d Of
¢an¢¥lled.
1.10 Employee beTreltts
The c051 of 8mployee bentrffts, including any unused holiday antit￿ment is racognised in th? paiiod in which
thè eMp￿Yee'S services are re￿1v$d.
1.11 Restricted Funds
Restiioted funds are to bè used for sp•tyfic purposes as laid down by the donor. Expenditur8 which meats
this crit8iKq is charged to thè lund.
1.12 Unrnstricted FuDds
Unréstrs'cted funds are incoming 1950urces receivabl* or generated for th• objects of the charity ¥￿thout
further specffjèd p¢Jrpose and are availablè as ganeral fvnd$.
CiltleAI accountlng •stlmate6 and Judgements
In the application of the ¢harity$ accounting poli¢ies, the trustees ar• required to mak• wdgemerds, 8Stimates
and assumpts'on5 about the carrying amount ot assets and liabilib.es that are not readity apparent from oth6r
sources. Th8 eskn'mates and associ8tÈd assumptions are based on historiral éxperience and other Fdctors that
are ¢onsidered to be ￿leVant. Actual rssuts may diffef from these estimate5.
Thè estimates and undertying assumptions arè ravwied on an ongoing bas15. R•visions to aeeounting
es*'nBtes are recognised *) th8 ptriiod in which the estimate is Femsed where the revi&ion affects only that
period. 01 in the period of thè rewsion and future periods where the revision affacts both cuffènt and future
p•riods.

LYDNEY RECREATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Donation8 and legacle$
Totsl
funds
2025
2024
LydneyTown Council & othergrants
139,429
100.378
Incomtr ITOM ibwestment8
unrestrict￿ Unrestrlcted
fvnds
fund¥
2025
2024
Interest receNable
1.910
1,833
Charitable *ctlvities
2025
2024
Charitable 18ntal income
Other income
26,829
4.607
23.411
3.514
31,436
26,925
Net mOvem￿t In funds
2025
2024
The not movement in f14nds is stated after ChargIn￿{Crodttingl.'
F808 payable foi the independ9nt exa￿￿nation of the chaiity's financial
statements
Depreciation of owned taThJib￿ f￿•￿ assets
1.000
28,132
900
23.186

LYDNEY RECREATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expendi￿re on ¢harltsble activities
Headin9
#8c982
2025
Heading
#ac982
2024
Direct co¥ts
Depreciation and iirpaiTrrEnt
Office eosts
Insurance
ter and businéss rates
Grass ¢utting, grounds, general maintenance
Littèr pithking. dog w8Ste bins & bag8
SkateboaTd park maintonance
Leg818nd professional
Independent exarninars f•es
GoesemanagerTEnt
seCt￿n 306 changing room ?tc expendlures
28.132
1,386
9.403
3.889
14.789
15.109
147
1,677
1,000
9,615
17.595
23,186
8,851
2,832
29,￿0
12,662
8.923
900
27.600
5.699
11Y2.942
121.999
Anatysis by fund
Unre5trictod funds
102.942
121.999
Tru¥t¢¢s
None of the trustses lor any persons ¢onnected with them) recewed any remuneration or benefits from thè
¢harity during th8 year.
Ernploy
Thè awrag& rnonth￿ numb8r of empk)y8es during the year was:
2025
Number
2024
Number
Totsl
Thgrg were no employges whose annual r8muneralTrJn more than £60.000.
10 Taxatl¢)n
The chanty Is exgmpt from taxation on its acknvitias because all its income is appli&d for charttabte purposes.
10-

LYDNEY RECREATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Tanglblt fix•d assets
Land and
bubhI￿95
Fixtures,
fittinq3 &
•quipmÈnt
T4*41
At 1 April 2024
Additions
336,261
53,300
4,411
339.672
53.300
At 31 Mai¢h 2025
388.561
4,411
392,972
Depreclatlon and ImpaSrn*nt
At 1 April 2024
Depr•ciation charged in th8 year
216.782
28,087
4,344
45
221,1
28,132
At 31 March 2025
244.869
4,389
249.258
Canylng amount
At 31 2025
143.692
143.714
At 31 march 2024
118.479
67
118,548
Addibons to land and building5 in the y&ar ènded 31 Mareh 2025 w8fe Section 106 axpondf(ures in r•spect ol
£27,800 on Drainage and £25,500 ifi respect of Lydn8y RFC changing rooms.
12 Debtors
2025
2024
ATrv)unts falling duèwithin one Y￿r.
Trado debtor5
Other debtor5
Prepayments and #ecrued ￿cOme
3,554
2,632
9.740
1,602
3,688
9,270
15,926
14,560
13 CreditoY¥: amounts falllng due wlthln one year
2025
2024
Trade credf(or5
Accruals and deferred
701
1,000
420
900
1,701
1.320
11

LYDNEY RECREATION TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Unrestrithd funds
The unrestricted fvnds Dfthe charTty comprise the unexpended balanees ofdonation$ and grants whlch are
not subject to specific ttsndrtions by donors and grantor5 as to how they may be used. The59 inclsjde
destgnated fvnds vthictt have beèn set asjdg Qut of unrestricted ffijnds by the trustsès for $pè¢the p￿￿Ose6.
Tranthrs At 31 March
2025
At I April
In¢omlng Resourc•s
2024 Te•ou¥ces exp•rthd
Special Projects
Garage Repair
Path
section 106
Managemènt of geèse
GÈne¥al fijnds
109,4D2
988
1.frJO
13.6871
105,715
988
1,000
9,999
3,600
277.877
13.650
13,6511
3,600
214.356
159.125
1102,942)
7.338
329.348
172.775
1102,9421
399.179
Prevlou¥ yw:
At 1 April
2023
Incoming Re¥ources
reBource8 expended
Transfers At 31 March
2024
Special Projects
Garage Repair
Path
Manag•menl ofgèèsè
Goneral fund5
128,252
986
1,000
3,600
188.373
<18,8501
109.402
1.000
3,600
214,358
129,134
1121.9991
18.850
322,211
129,134
1121,9991
329.346
Thè designat8d funds ar8 held as part of cuThent assets at 31 March 2025.
15 Related party transactions
Income for the year ènd￿ 31 March 2025 includtrs £77.29612024446.289) grant incorr* from Lydn6y Town
Council.
12-

LYDNEY RECREATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Ca¥h 9onernt•d from opgratlo
2025
2024
Surplus for the ye?r
69.833
7.135
Adju¥tments for.
Investment income recognised Én stat8menl of finanrAal 8ctNities
Daprecrdtior+ and imp?Iment oftangible fixed assets
11.9101
28.132
11.8331
23.188
Movements In Tmorklng capilal:
IlncTeasel in debtgr¥
Increasellde¢r¢8sel in creditors
(1,366)
381
14,2711
14,2661
C￿h generated from wratlon$
95.070
19.951
17 Analysls of change# Fn nÈt funds
Tha charity had no material debt during the year.
13-