Kidlington Recreational Trust Financial Statements Year Ended 5th April 2022
Kidlington Recreational Trust Profit and Loss Account Year Ended 5th April 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Income | ||||
| Recreational Trust income Parkhill income Gross Profit/(Loss) Other Income Interest received |
63,361 5,902 |
81,186 3,914 |
||
| 69,263 5 |
85,100 10 |
|||
| Total Income | 69,268 | 85,110 | ||
| Expenditure Rates Water Insurance Building maintenance Field maintenance Grants Printing, post and stationery Clerical Legal fees Accountancy Grounds Maintenance Plan |
423 454 4,980 0 2,070 23,436 19 3,500 0 140 7,970 |
0 73 4,813 1,234 1,470 32,923 17 2,400 0 130 9,314 |
||
| Parkhill expenditure | 5,214 | 5,594 | ||
| Total Expenditure Net Profit/(Loss) |
48,205 21,063 |
57,968 27,142 |
KIDLINGTON RECREATIONAL TRUST Balance Sheet Y/e 5th April 2022
| Current Assets Current Account Tracker Account Equity B/Fwd Profit/Loss for the year |
2022 30,615.63 50,359.01 80,974.64 59,911.97 21,062.67 80,974.64 |
2021 35,377.69 24,534.28 |
|---|---|---|
| 59,911.97 | ||
| 32,769.64 27,142.33 |
||
| 59,911.97 |
– ’ KRT TREASURER S REPORT 2021/2022
The Trust provided a rental discount of 50% during May and June at Yarnton Road, and received full rent for the rest of the year.
Government Additional Restrictions grants were received totalling £42,669 and £23,400 of this was passed on to Kidlington FC, Kidlington Youth FC and Garden City FC, with the remaining £19,269 allocated to Trust reserves
The Nursery at Parkhill was open from April to December, but then closed permanently and a new tenant was sought for Parkhill.
There was a gain of £688 income over expenditure at the Parkhill site.
There was some maintenance of the trees and shrubs on all sites, costing £2,070, but overall it is possible to allocate £2,000 excess of income over expenditure to Trust reserves, with £400 (20%) being ringfenced for maintenance.
Reserves available for grant funding: Available April 2021 £40,954 + Bank interest 2021/22 £5 + Covid grants 2021/22 £42,669 + excess 2021/22 £1,600 - Grants paid out £23,436
Total available Grant Fund April 2022 - £61,792
| Contingency available for maintenance | |
| Available April 2021 £4,400 |
|
| New addition 2021/22 £400 |
|
| Total Contingency Fund - £4,800 |
M.Mahoney 6.4.2022
Kidli on Recreational Trust &ndent Examiners Re I report on the accounts of Kidlington Recreational Trust for the year 8nded 5 April 2022 which are attached. As the charity's trustees you are responsibl8 for the preparation of the accounts and you consider that the audit requirement of Section 144 of the Charrties Act 2011 doe8 not apply and thal an independent examination 18 needed. It is my responsibility to state that on the basis of procedures specified in th8 general dirèctions given by the Charity Commissioners under section 145 (5) (b) of the act, whether particular matters have come tc my attention. My examination was carried out in accordance with the general directions given by the Charity Commissioners. An examination includ88 a review of the accounting records kepl by tha charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evid8nce that would be required in an audit and consequently I do not express and audit opinion on the view given by the accounts and the report is limited to those matters set out in the statement bel¢w. In connections with my examination, there were no matters that came to my attention.. 11) Which gives me reasonable cause to believe that in any rnaterlal respect the requirements.. To keep accounting records in a¢cordance with Sectlon 130 of the act.. and To prepare accounts which accord with the accountlng records and to comply with the accounting requirements of the act have not been met. <2) To which, in my opinion, attention should be drawn In order to enable a proper understanding of the accounts to be reached. o Paul Skinner FCCA 13th December 2022