BAMPTON PARISH COUNCIL RECREATION GROUND CHARITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 CHARITY NUMBER 304259 Shilton Accounting Services l The Clock House Brize Norton Road Carterton OX18 3HN
BAMPTON PARISH COUNCIL- RECREATION GROUND CHARITY st FinanFlal statements.for,the year ended 31 March 2024 Contenxs: Page Trustees Annual Rèport Independent Examlner's Report Statèment of Flnanclal Artlvltles Balance Sheet Notes to the Firtancial Ststement 8-10 21 Page
BAMPTON PARISH COUNCIL- RECREATION GROUND CHARITY Trustees report for the year ended 31" March 2024 The Trustees of the Recreation Ground Charity are also Bampton Parish Councillors. The charity continues to fulfil the objects of its deed and is confident that it will continue to do so for the foreseeable future. The pavilion continues to support both sport and social activities. Pembroke Place Play Park, Recreation Ground and Sandford Field are now vested with the Official Custodian for Charities on behalf of the Bampton Ground Charity.
BAMPTON PARISH COUNCIL- RECREATION GROUND CHARITY Independent Examinerfs Report to the Trustees of the Bampton Parish Council- Recreation Groutid Charity. I report on the accounts of the Charity for the year ended 31" March 2024. Res ective res onsibilities of trustees and examiner. The charity's trustees are responsible forthe preparation of the accounts. The charity'5 trustee5 consider that an audit is not required for this year under section 43121 of the Charities Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to: a) examine the accounts (under section 43{7}Ibl of the Act b) to follow the procedures laid down in the general directions given by the Charity Commissioners (under section 43{7lb) of the Act) to state whether particular matter5 have come to my attention. Basis on Inde endent Examinerfs re ort. My examination was carried out in aGcordance with the General Directions glven by the Charlty 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 unugual items or disclosures in the accounts, and seeking explanation5 from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence which, would be required in an audit and corfsequently I do not exprÈSS an audit opinion on the accounts. Inde endent Examinerf 'statement: In connection with my examination, no matter has come to my attention: I: Which gives me reasonable cause to believe that in any material respett, the requirements of al to keep proper accounting r,ecords in accordance with section 41 of the 1993 Act and b) to prepare accounts vlhich accord with the accounting records and to comply with the requirements of the Act have'not been met. 2. To which, in my opinlon, attention should be drawn in ordef to enable a proper understanding of thè accounts to be reached. David Cuthbertson - ICPA Cert Acc (Open) th 24 June 2024 Shilton Accounting Services
BAMPTON PARISH COUNCIL- RECREATION GROUND CHARITY Statement of Flnancial Activities for the year ended 31" March 2024 Note5 UTrrestrkted Restrkted funds nd$ Endowment funds 2023 Income Grants & Donations 37,%XI 37,500 23,351 Covld grants Investments 8,571 8.571 5,351 Income from sportlng 7,8SI 7.851 8,755 Pavlllon hire 5.284 5,284 5,036 Sund Income 1,757 Totsl Income 59,206 59,206 Expendlture Upkeep of sport5 10.571 10.571 16,200 Malor fUrb1$hrnent 3.3LKJ Salaries 12,224 12.224 16,905 Pembroke & Sandford upkeep 3,413 3,413 4,110 Hard courts & skate park 420 Pavlllon runnSn8 Costs 16.841 16.841 25,757 Car park maintenance 2,954 2.954 Depreclatlon 5,996 5,996 5,996 Legal fees Accourrtancy 480 Bank char8es 72 72 72 Adminlstration & Snsurance 2,058 2,058 8,288 Tot•1 Expendlture 48,613 54,609 81,528
BAMPTON PARISH COUNCIL- RECREATION GROUND CHARITY Statement of Financial Activities for the year ended 31" March 2024 continued: Notes Unrestricted funds Restricted funds Endowment funds ZOZ4 2023 Net Income & expenditure 10,S93 (5,996) 4.597 (37.278) Gainsllosses arising on investments Unrealised gain/loss 1.548 16.999 18,547 112,280) Realised gains Totsl 8ainsllosses 1,548 16.999 18,547 (12,2801 Net movement In funds 12,141 (5,996) 16,999 23.144 {49.558) Funds brought forward 143,775 ,, 145,868 306,971 596,614 646,172 Total funds carrled forward 155,916 139.872 323.970 619.758 596,614
BAMPTON PARISH COUNCIL- RECREATION GROUND CHARITY Balance sheet for the year ended 31" March 2024 Notes Unrestricted Restrlrted Endowment funds funds funds 2024 2023 Flxed assets Tangible assets 92,521 139,872 63,500 295,893 301,889 Current assets Debtors 1,730 1,730 Investments 23,517 249,327 272,844 254,297 Bank balance 51,556 11,143 62699 41,238 Total current assets 76,803 260A70 337,273 295,535 Current liabilltie5 13.408 13,408 809 Net current assets 63,395 260,470 323,865 294,726 Total net assets 155,916 139,872 312,970 619,758 596,614 The Financlal Statements were approved by the Board of Trustees on 2024 And signed on its behalf b
BAWPTON PARISH COUNCIL- RECREATION GROUND CHARITY Financial statements for the year ended 31° March 2024 Notes to the accounts l. Accounting Policies: Basis otAccounting: The Financial statements have been prepared on a going concern basis under the historic cost convelltion. The significant accounting policies appld in the preparation of these Financial Statements are set out below. These policies have been consistently applied to all years presented, unless Othen¥i5e stated. The Charity applied SORP IFR51021 in the current year. Tangible fixed assets are. stated at cost less accumulated depreclation. Depreciation Is provlded at rate5 calculated to wrlte off the cost of èach asset over its expected useful life as follows: Tennis Courts MuLti spprts arena Equipment Store sh¢d Pavllion 5% straight line 5% straight line IO% straight Ilne IO% straight line.. .R% straight Ilne Investments Investments are recognlsed Hiltially at faif value which is normally the transactlon price includln8 transaction costs. Substtquently they are measured at fair value or publically quoted value, wSth changes recorded as net 88ins/losses on. investments in the SOFA. Other intrestments are measured at cost less impairment. Income recognltlon All income resourcès are included in the Statement of Financial Activities when the Charlty Is legal entitled to th¢ In¢oine after any performance conditions have been mel the amount can be measured reliably and it is probable that the.income will be received. For klon411ons to be recogni5ed the Charity will have been notified of the amounts and the settlement date in writing. If there.,Hre conditions attached to the donation and this requires 3 level of performance before.entitlement can be obtèined, then income is deferred until those conditions are fully rnet or the fulfilment of those conditsons.is within the control of the Ch3Tity and It is probable that they will be fulfilled. Expendlture reco8nition All Rxpenditure Is accourtted for on an accruals bas15 and has been classlfSed under headlngs that aggregate all costs related to the category. Expenditure is recogft15ed whero there is a legal or conitructive obllgation to.make payment to tljlrd partios, it is probable that th¢.settlemeht will be requlred and the amount of the obligatlorn can be measured reliablv. Irrecoverable VAT Ss charged as an expense agalnst the activlty for whlch expenditure arose.. tawatloD. The Charity is an exempt charity within the meanlnrt of schedule 3 of th¢ Charities Act 2011 and is considered to pass the testset.out in Paragraph I, Schedulè 6 of the FinanEe Act 2010 and therore It meet5 th'e definltlon of a charltablR company for UK corporation i¥ purposes. Golng concem The.Financial Statements have been prepared on a going concern basis as the trustees believe that no material unc¢rtainties exist. The trustees have conslder the level of funils held aod the expected level of Income and eKpendlture for ihe ne¥t 12 months from authdr15in8' thes2 Finan£ial statements ano con5idef that there Is sufficient leve15 of rese.rves tor the.Charity to be able to ctintirlue as a going concern. Fund awoyntlng bamptQD Recreation Ground:Charity has the followjng types of fund5.forwhich it is reSponble. Unrestrjcted fund5 are donatlons.aTld other incoming fEsourtei rèceivable or.generated"for the objectives of the Charity Without further restri¢tlOAS and arfe available as general funds. Restricted fund5 are donations or funds received which are éarmdlktd by the donor for specific purposes and cannot be U5od for general funds. Any further income frorTI restricted tunds invested rnu5t èlso be used for that purpose. The Endowment fund was set UP U51ng proceeds from thè Sale of Part of land lèft to Barripton in a will. Only income derived from the investment of the endowment fund may be Lltillsed. in furtherance of the ChaAty.
BAMPTON PARISH COUNCIL- RECREATION GROUND CHARITY Financial statements for the year ended 31° March 2024 Notes to the accounts contlnued Grants and donatlon$. This conslsts of grant made by Bampton Parish Council Tan8lble Flxed assèts (used for dlrert charltable purposes) Freehold Property Unrestricted Freehold Property Restricted Endowment Fixtures Fitting5 & Equlpment Total Costlvaluatlon At l April 2023 Additions Dis osals At 31 March 2024 92,521 289,771 63,500 99,699 545,491 92.521 289,771 63,500 99,699 545,491 Depreciation At l April 2023 Char elnthe ear At 31 March 2024 143,903 5,996 149.899 99.699 243,602 5,996 249.598 99.699 Net book value At 31 March 2024 At 31 March 2023 92,521 92,521 139,872 145,869 63,500 63,500 295.893 301.889 Investments NomSn•l Valuè Market valu• 31103124 Market value 31103123 Rea115ed ialnlloss Unreallsed alnlloss Endowment fund COIP Flxed Inlere5t 74,325 94.9S4 91.397 87,52S 3.872 COIF Investment 7,728 70,888 157.930 144.803 13,127 Unrestrlcted funds COIF interest 7,724 9,641 9.498 9,096 402 COIF Investment 687 iO,CQD 14.018 12.873 1,145 Totsl 272,844 254,297 18,547
BAMPTON PARISH COUNCIL- RECREATION GROUND CHARITY Financial statements for the year ended 31st March 2024 Notes to the accounts continued Current Llabilitles 2024 703 12,704 2023 329 Trade creditors A¢counting Accrual Totsl 13,408 Salarles- Average rbumber of employees during the year was 112023 - 11. Restrirted fund5 0110412023 Rete5ved In year Expended in 3110312024 ye¥r PJvmon 145,868 5,996 139,872 Playpark Mlllennlum Blkt Park. Totsl I4568 5,9.96 139,872 Endowment lund5 0110412023 Rècelved In year Expended In year 3110312024 249,327 In¥estments at market value Property Pembroke Fleld Property Buckland Road Endowment cash at bank Total 232,328 16,999 16.000 16.000 47.500 47,5(10 11,143 11,143 30fj.971 16A99 323.970 Related Party Transactlons During the year the CharSty was under the control of Bampton Parlsh Councll, the Trustee5 of the Charity. The Trustee received no remuneration and had no expenses reimbLsrsed in the ye3r12023- none) 101 P cige