**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