Trustees’ Annual Report
Charity Name: Newent Recreation Ground
Charity Number: 301585
Trustees
Members of Newent Town Council
Advisors
independent examiner, KIngscott Dix Chartered Accountants
Structure, Governance & Management
The charity is governed by an Indenture dated 1899 which sets out the trust purposes.
The charity is managed by the Trustees, who are the elected members of Newent Town Council acting as the corporate trustee.
Day-to-day administration is delegated to the Town Clerk, who also acts as Secretary to the Trust.
Objectives & Activities
The object of the charity is the provision and maintenance of the recreation ground Watery Lane Newent for the benefit of the inhabitants of Newent and the surrounding area.
During the year, the recreation ground was made available for:
-
Public open space and recreation
-
Organised sports and youth activities (football, rugby, cricket, etc.)
-
Community events (fairs, circus, fun days, etc.)
Achievements & Performance
Delivery of a community pavilion on site, a community building that is being used for many activities and is available for hire
-
Routine grounds maintenance (grass cutting, repairs, litter clearance).
-
Use of facilities by local clubs and organisations under licence agreements.
-
Improvements undertaken (e.g., new storage, repairs, safety checks).
-
Community engagement and events hosted on the site.
Financial Review
- Total income for the year: £585,546.94
Plans for the Future
To Raise the profile of the site and promote community use
Statement of Responsibilities
The trustees confirm that:
-
They have had due regard to the Charity Commission’s guidance on public benefit.
-
The accounts have been prepared in accordance with applicable statutory requirements and the charity’s governing document.
-
They are satisfied the charity is a going concern.
Signed on behalf of the Trustees:
........................................... (Chair of Trustees / Mayor of Newent) Date: ........... ........................................ (Secretary to the Trustees / Town Clerk) Date: ...........
REGISTERED CHARITY NUMBER: 301585
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 March 2024
for
Newent Recreation Ground
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
Newent Recreation Ground
Contents of the Financial Statements For The Year Ended 31 March 2024
| Page | ||
|---|---|---|
| Report of the Trustees | 1 | |
| Independent Examiner's Report | 2 | |
| Statement of Financial Activities | 3 | |
| Balance Sheet | 4 | |
| Notes to the Financial Statements | 5 to | 8 |
Newent Recreation Ground
Report of the Trustees For The Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
301585
Principal address
Newent Town Council Rear Annexe , Newent Community Centre Ross Road Newent Gloucestershire GL18 1BD
Trustees
Newent Town Council
Independent Examiner
Peter Morgan Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
Approved by order of the board of trustees on 4 July 2025 and signed on its behalf by:
Newent Town Council - Trustee
Page 1
Independent Examiner's Report to the Trustees of Newent Recreation Ground
Independent examiner's report to the trustees of Newent Recreation Ground
I report to the charity trustees on my examination of the accounts of Newent Recreation Ground (the Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Peter Morgan The Institute of Chartered Accountants in England and Wales
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
29 July 2025
Page 2
Newent Recreation Ground
Statement of Financial Activities For The Year Ended 31 March 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 290 EXPENDITURE ON Charitable activities General - Other - Total - NET INCOME 290 RECONCILIATION OF FUNDS Total funds brought forward - TOTAL FUNDS CARRIED FORWARD 290 |
Restricted fund £ 292,483 700 6,170 6,870 285,613 16,000 301,613 |
31.3.24 Total funds £ 292,773 700 6,170 6,870 285,903 16,000 301,903 |
31.3.23 Total funds £ 17,665 |
|---|---|---|---|
| 1,665 - |
|||
| 1,665 | |||
| 16,000 - |
|||
| 16,000 |
The notes form part of these financial statements
Page 3
Newent Recreation Ground
Balance Sheet
31 March 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 - CURRENT ASSETS Cash at bank 290 CREDITORS Amounts falling due within one year 5 - NET CURRENT ASSETS 290 TOTAL ASSETS LESS CURRENT LIABILITIES 290 NET ASSETS 290 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 302,313 - (700) (700) 301,613 301,613 |
31.3.24 Total funds £ 302,313 290 (700) (410) 301,903 301,903 290 301,613 301,903 |
31.3.23 Total funds £ - 16,000 - |
|---|---|---|---|
| 16,000 | |||
| 16,000 | |||
| 16,000 | |||
| - 16,000 |
|||
| 16,000 |
The financial statements were approved by the Board of Trustees and authorised for issue on 4 July 2025 and were signed on its behalf by:
Newent Town Council - Trustee
The notes form part of these financial statements
Page 4
Newent Recreation Ground
Notes to the Financial Statements For The Year Ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Page 5
continued...
Newent Recreation Ground
| Notes to the Financial Statements- continued For The Year Ended 31 March 2024 3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,665 EXPENDITURE ON Charitable activities General 1,665 NET INCOME - TOTAL FUNDS CARRIED FORWARD - 4. TANGIBLE FIXED ASSETS COST Additions DEPRECIATION Charge for year NET BOOK VALUE At 31 March 2024 At 31 March 2023 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 6. MOVEMENT IN FUNDS At 1.4.23 £ Unrestricted funds General fund - Restricted funds Newent Community Pavilion 16,000 TOTAL FUNDS 16,000 |
Restricted fund £ 16,000 - 16,000 16,000 31.3.24 £ 700 Net movement in funds £ 290 285,613 285,903 |
Total funds £ 17,665 1,665 16,000 16,000 Freehold property £ 308,483 6,170 302,313 - 31.3.23 £ - At 31.3.24 £ 290 301,613 301,903 |
Total funds £ 17,665 |
|---|---|---|---|
| 1,665 | |||
| 16,000 | |||
| 16,000 |
Page 6
continued...
Newent Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 290 Restricted funds Newent Community Pavilion 292,483 TOTAL FUNDS 292,773 Comparatives for movement in funds Restricted funds Newent Community Pavilion TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,665 Restricted funds Newent Community Pavilion 16,000 TOTAL FUNDS 17,665 |
Resources Movement expended in funds £ £ - 290 (6,870) 285,613 (6,870) 285,903 Net movement At in funds 31.3.23 £ £ 16,000 16,000 16,000 16,000 Resources Movement expended in funds £ £ (1,665) - - 16,000 (1,665) 16,000 |
|---|---|
Page 7
continued...
Newent Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Newent Community Pavilion TOTAL FUNDS |
At 1.4.22 £ - - - |
Net movement in funds £ 290 301,613 301,903 |
At 31.3.24 £ 290 301,613 |
|---|---|---|---|
| 301,903 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Newent Community Pavilion TOTAL FUNDS |
Incoming resources £ 1,955 308,483 310,438 |
Resources Movement expended in funds £ £ (1,665) 290 (6,870) 301,613 (8,535) 301,903 |
|---|---|---|
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 8
REGISTERED CHARITY NUMBER: 301585
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 March 2024
for
Newent Recreation Ground
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
Newent Recreation Ground
Contents of the Financial Statements For The Year Ended 31 March 2024
| Page | ||
|---|---|---|
| Report of the Trustees | 1 | |
| Independent Examiner's Report | 2 | |
| Statement of Financial Activities | 3 | |
| Balance Sheet | 4 | |
| Notes to the Financial Statements | 5 to | 8 |
Newent Recreation Ground
Report of the Trustees For The Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
301585
Principal address
Newent Town Council Rear Annexe , Newent Community Centre Ross Road Newent Gloucestershire GL18 1BD
Trustees
Newent Town Council
Independent Examiner
Peter Morgan Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
Approved by order of the board of trustees on 4 July 2025 and signed on its behalf by:
Newent Town Council - Trustee
Page 1
Independent Examiner's Report to the Trustees of Newent Recreation Ground
Independent examiner's report to the trustees of Newent Recreation Ground
I report to the charity trustees on my examination of the accounts of Newent Recreation Ground (the Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Peter Morgan The Institute of Chartered Accountants in England and Wales
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
29 July 2025
Page 2
Newent Recreation Ground
Statement of Financial Activities For The Year Ended 31 March 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 290 EXPENDITURE ON Charitable activities General - Other - Total - NET INCOME 290 RECONCILIATION OF FUNDS Total funds brought forward - TOTAL FUNDS CARRIED FORWARD 290 |
Restricted fund £ 292,483 700 6,170 6,870 285,613 16,000 301,613 |
31.3.24 Total funds £ 292,773 700 6,170 6,870 285,903 16,000 301,903 |
31.3.23 Total funds £ 17,665 |
|---|---|---|---|
| 1,665 - |
|||
| 1,665 | |||
| 16,000 - |
|||
| 16,000 |
The notes form part of these financial statements
Page 3
Newent Recreation Ground
Balance Sheet
31 March 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 - CURRENT ASSETS Cash at bank 290 CREDITORS Amounts falling due within one year 5 - NET CURRENT ASSETS 290 TOTAL ASSETS LESS CURRENT LIABILITIES 290 NET ASSETS 290 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 302,313 - (700) (700) 301,613 301,613 |
31.3.24 Total funds £ 302,313 290 (700) (410) 301,903 301,903 290 301,613 301,903 |
31.3.23 Total funds £ - 16,000 - |
|---|---|---|---|
| 16,000 | |||
| 16,000 | |||
| 16,000 | |||
| - 16,000 |
|||
| 16,000 |
The financial statements were approved by the Board of Trustees and authorised for issue on 4 July 2025 and were signed on its behalf by:
Newent Town Council - Trustee
The notes form part of these financial statements
Page 4
Newent Recreation Ground
Notes to the Financial Statements For The Year Ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Page 5
continued...
Newent Recreation Ground
| Notes to the Financial Statements- continued For The Year Ended 31 March 2024 3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,665 EXPENDITURE ON Charitable activities General 1,665 NET INCOME - TOTAL FUNDS CARRIED FORWARD - 4. TANGIBLE FIXED ASSETS COST Additions DEPRECIATION Charge for year NET BOOK VALUE At 31 March 2024 At 31 March 2023 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 6. MOVEMENT IN FUNDS At 1.4.23 £ Unrestricted funds General fund - Restricted funds Newent Community Pavilion 16,000 TOTAL FUNDS 16,000 |
Restricted fund £ 16,000 - 16,000 16,000 31.3.24 £ 700 Net movement in funds £ 290 285,613 285,903 |
Total funds £ 17,665 1,665 16,000 16,000 Freehold property £ 308,483 6,170 302,313 - 31.3.23 £ - At 31.3.24 £ 290 301,613 301,903 |
Total funds £ 17,665 |
|---|---|---|---|
| 1,665 | |||
| 16,000 | |||
| 16,000 |
Page 6
continued...
Newent Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 290 Restricted funds Newent Community Pavilion 292,483 TOTAL FUNDS 292,773 Comparatives for movement in funds Restricted funds Newent Community Pavilion TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,665 Restricted funds Newent Community Pavilion 16,000 TOTAL FUNDS 17,665 |
Resources Movement expended in funds £ £ - 290 (6,870) 285,613 (6,870) 285,903 Net movement At in funds 31.3.23 £ £ 16,000 16,000 16,000 16,000 Resources Movement expended in funds £ £ (1,665) - - 16,000 (1,665) 16,000 |
|---|---|
Page 7
continued...
Newent Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Newent Community Pavilion TOTAL FUNDS |
At 1.4.22 £ - - - |
Net movement in funds £ 290 301,613 301,903 |
At 31.3.24 £ 290 301,613 |
|---|---|---|---|
| 301,903 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Newent Community Pavilion TOTAL FUNDS |
Incoming resources £ 1,955 308,483 310,438 |
Resources Movement expended in funds £ £ (1,665) 290 (6,870) 301,613 (8,535) 301,903 |
|---|---|---|
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 8