REGISTERED CHARITY NUMBER: 301585
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 March 2025
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 2025
| 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 | 9 |
Newent Recreation Ground
Report of the Trustees For The Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 20 January 2026 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 2025.
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
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
-
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
21 January 2026
Page 2
Newent Recreation Ground
Statement of Financial Activities
For The Year Ended 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 109 Other trading activities 2 10,779 Total 10,888 EXPENDITURE ON Charitable activities General 8,283 Other - Total 8,283 NET INCOME 2,605 RECONCILIATION OF FUNDS Total funds brought forward 290 TOTAL FUNDS CARRIED FORWARD 2,895 |
Restricted fund £ 37,160 - 37,160 - 10,002 10,002 27,158 301,613 328,771 |
31.3.25 Total funds £ 37,269 10,779 48,048 8,283 10,002 18,285 29,763 301,903 331,666 |
31.3.24 Total funds £ 292,773 - |
|---|---|---|---|
| 292,773 | |||
| 700 6,170 |
|||
| 6,870 | |||
| 285,903 16,000 |
|||
| 301,903 |
The notes form part of these financial statements
Page 3
Newent Recreation Ground
Balance Sheet
31 March 2025
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 - CURRENT ASSETS Cash at bank 4,235 CREDITORS Amounts falling due within one year 6 (1,340) NET CURRENT ASSETS 2,895 TOTAL ASSETS LESS CURRENT LIABILITIES 2,895 NET ASSETS 2,895 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 318,566 10,905 (700) 10,205 328,771 328,771 |
31.3.25 Total funds £ 318,566 15,140 (2,040) 13,100 331,666 331,666 2,895 328,771 331,666 |
31.3.24 Total funds £ 302,313 290 (700) (410) 301,903 301,903 290 301,613 301,903 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 January 2026 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 2025
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 Fixtures and fittings - 20% 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. OTHER TRADING ACTIVITIES
Hire Income
| 31.3.25 | 31.3.24 |
|---|---|
| £ | £ |
| 10,779 | - |
Page 5
continued...
Newent Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 March 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities General Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 1 April 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Unrestricted fund £ 290 - - - 290 - 290 Freehold property £ 308,483 7,880 316,363 6,170 6,327 12,497 303,866 302,313 |
Restricted fund £ 292,483 700 6,170 6,870 285,613 16,000 301,613 Fixtures and fittings £ - 18,375 18,375 - 3,675 3,675 14,700 - |
Total funds £ 292,773 700 6,170 6,870 285,903 16,000 301,903 Totals £ 308,483 26,255 334,738 6,170 10,002 16,172 318,566 302,313 |
Total funds £ 292,773 |
|
|---|---|---|---|---|---|
| 700 6,170 |
|||||
| 6,870 | |||||
| 285,903 16,000 |
|||||
| 301,903 | |||||
Page 6
continued...
Newent Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 March 2025
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 7. MOVEMENT IN FUNDS At 1.4.24 £ Unrestricted funds General fund 290 Restricted funds Newent Community Pavilion 301,613 TOTAL FUNDS 301,903 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 10,888 Restricted funds Newent Community Pavilion 37,160 TOTAL FUNDS 48,048 Comparatives for movement in funds At 1.4.23 £ Unrestricted funds General fund - Restricted funds Newent Community Pavilion 16,000 TOTAL FUNDS 16,000 |
31.3.25 31.3.24 £ £ 2,040 700 Net movement At in funds 31.3.25 £ £ 2,605 2,895 27,158 328,771 29,763 331,666 Resources Movement expended in funds £ £ (8,283) 2,605 (10,002) 27,158 (18,285) 29,763 Net movement At in funds 31.3.24 £ £ 290 290 285,613 301,613 285,903 301,903 |
|---|---|
Page 7
continued...
Newent Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 March 2025
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Newent Community Pavilion TOTAL FUNDS |
Incoming resources £ 290 292,483 292,773 |
Resources Movement expended in funds £ £ - 290 (6,870) 285,613 (6,870) 285,903 |
|---|---|---|
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 1.4.23 £ - 16,000 16,000 |
Net movement in funds £ 2,895 312,771 315,666 |
At 31.3.25 £ 2,895 328,771 |
|---|---|---|---|
| 331,666 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,178 | (8,283) | 2,895 |
| Restricted funds | |||
| Newent Community Pavilion | 329,643 | (16,872) | 312,771 |
| TOTAL FUNDS | 340,821 | (25,155) | 315,666 |
Page 8
continued...
Newent Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 March 2025
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 9