Charlty reglstration number 305018 (England and Wales) EFFINGHAM VILLAGE RECREATION TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 • xeinadin
EFFINGHAM VILLAGE RECREATION TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees Effingham Parish Council Exocutlv6 Board Paula Moss Laurence Smith Arnold Pindar Allce Trevor Chair Wice Chair Charlty numb&r (England and Walès) 305018 Prlnclpal address Klng George V Hall Browns Lane Effingham Surrey Unlled Klngdom KT24 5ND Independènt oxamlner Hazel Day Xeinadin Nl9hllngal8 Hous8 4648 East Slreet Epsom Surr8y KT17 1HQ
EFFINGHAM VILLAGE RECREATION TRUST CONTENTS Page Trustees, report Ind8p8nd&nt èxaminerfs r8POrt Slatemenl of financi81 acllvltles Balance sheet Noles lo Ihe flnanclal statements 9-19
EFFINGHAM VILLAGE RECREATION TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The truslees presenl their annual report and financial slatemenls for th8 year ended 31 March 2025. The financlal statements have been prepared in accordance with th8 accounling pollcies set i)ul in note 1 to the financlal slatemenls and comply with Ihe charitys governing document. th8 Charities Act 2011. FRS 102 'The FinancSal Reporting Standard applicable In the UK and Republic of Ireland. and the Charities SORP 'Accounting and ReportSng by Charities: Statement of Recommended Practice applicable lo charities preparing thelr accounls In accordance with the Financial Reporting Standard applicable in Ihe UK and Rèpublic of Ireland {FRS 1021", Objoctlvos and actlvltles The Schem8 stales that the Trust's objectiv8 Is, for the public benefit, to provlde or assist in th8 provlslon, support and mainlenance of facilities for recreation and other leisure-lime occupation for the inhabilanls of the area of ban6fi1. through the provision of a village hall and recreallon grounds. The area of benefit is defined by the Scheme lo be Ihe Civil Parish of Effingham and Ils Immediate neighbourhood Public benefl¢ Whan plannlng acllvilies lor the year, the Truslee has nSidered the Charlly Commission's guidanc8 on publlc benefit and has been sallsned these ¢omply. Thls rol8 conlinues lo be undertaken by Ihe Trustee and the Exe¢ulive Board. Volunloers staff and Volunteers The Trust's staff during th8 year comprised on8 employee, the manager. One Indivldual on a servic8 contract provlded speclalisl professional services in Ihe role of Facilllles Officer. The Trust has a150 benefited from Ihè conllnulng provlslon by Surrey Communlty Actlon of Ils subsidlsed payToll servlces
EFFINGHAM VILLAGE RECREATION TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and performance Significant 8Ctivilies and achievements agalnst objeclives Roview of Actlvlties The Trust conlinuos lo seek operating improvements in a cosl-effeclivo manner. To achieve that, besl v8lue-for- money conlracts have been negolialed and agreed. lo und8rtake cleaning. carelaking, gfounds mainlenance, clarlcal and adminislralive funclions. This allows the charity lo focus funds primarily to promola ils objects. However. In the late51 year. The Trust's assessment of risks highlighled a number of issues wllh the fabric ol Ihe bulldlng. The EXEC board Is now se8klng lo lake a more proactive approach in the repair and regenerallon of the facllllle5. 202415 has seen the installation of electrical healers in Ihe Pre-school loilets, replacemanl of Ihe 30-year- old, Barnes Wallis Hall heaters, and a new electric water healer In the Sullon Room, all lo hall contlnual repair ¢osls In these areas. Investmènt In Ihese areas prolecls vital Trust facllllies for Ihe community. Water Ingress into the building has been a particular concern and a full roof survey was completed Ihls year. 11 has identified the most problematic areas, and a programme of work Is undenyay. Th8 rè-routing of internal dralnage and the systematlc repalr of problem areas Ss proving beneficial. Th6 creatlon of a now soak-away adjoining the car park shows promising slgns of reducing water flow onto the Pitches and the 3G pllch area, although further works In Ihls area are likely to be requlred The Wllag6 Room conllnues to be a great suGcoss wilh new community groups slartlng on a regular basls. We have seen the start of the Menopause Cafe, the Effingham Probus Club and Teen Wellbelng classes added lo the already bustling array of community users on silo. A new Smartboard has been installed which is now belng used regularly by community groups lo host lalks and support m881ings. Counselllng servic8s have been exlended in the Tranquillily Room and additional venue5 within the facllily are being considered. We now have Ihree active pr8clilioners offering wellbeing sUPPOrt and counselling lo residents. The first year of the Foolb811 Pitch investment partnershlp programme with the FA l Football Foundation has been completed. and despite the weltesl year on record, we have seen fewer games cancelled this s8a50n than ever before, The Trust Is pleased Ihal th6 Investment has enabled more resld8n15 to use Ihe flelds more of tho lime in- line wilh Ihe obJecliv8s of the charity. Discussions with Ihe RFU began In 202412025 (In eonlunclion with the Football Foundallon) with thè alm of oblaSnlng a level of funding to support the improvomenl of the Rugby Pitches, At th8 Ilme of wriling, we are pleased lo report that Ihe funding has boen agreed. and an acllv8 maintenance programme wlll begin In September 2025,Thls will enable the Trust lo maxlmise use of the pllches for the broader communily. Varlous olher improvements have been made to Ihe building Itself Includlng initial redecoration of Ihe lobby area as a communlly Ilbrary and replacemenl of rugby posts due lo slomi damage. Improvement of walkways and pathways has also been Improved to Improve access lo the fields and encourage use of the grounds for walking and informal recreallon. The Festival of Christmas took place again thls year and desplle the weather 11 was a great turn out from Ihe community. The children enjoyed Glngerbread Decorating provided by the members of EFFRA, Chrlslmas Crafts with volunleors from our local community hosting the slall and Face Painling. The Reindeer were a welcome allraclion again this year. The Executive Board now pr¢)duces a quarterly nowsletler, detailing the actlvilies and facililies available al KGV. This is d81ivered via local magazines, on social media and via our websile. The Parish Council continues to provide lunding lo th8 charity to support free usage of the facilities by resldents, wilh the focus on children's play facilities and maintenanco of the grounds 10 5UPPQrt general use. External Organlsatlons The Trustee is grateful to Effingham Parish Council. Guildford Borough Council, Surrey County Council in partlcular County Counclllor Dennis Booth. tho Police and Crime Commissioner, Effingham Residents and Ra18payers Assoclalion. Bookham Resldenls Associalion, The Football Foundation and the FA, and individual members of the PLsbllc for such granls and donations they may make to the Trust from Ilme lo lime. The Trust IS especially grateful for the lime and efforts of its highly commilled manag8mènl and facililles team who continue to be a major assel for the charity.
EFFINGHAM VILLAGE RECREATION TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Future Dèvèlopments Our key priorily for the next period is to progress our plans for on Accessibl8 to All Community Playzone, café facililies and a Woodland Trail with forest school. A netsvork ol accessible paths Is planned lo open up th6 fiolds lo the enjoyment of all, including disab18d and mobllity impalred users. The Irust is working with a broad array of residents and user groups to shape Ihè plans. Surrey County Council has received a presentation from the trust EXEC team and has expressed inleresl in a major funding programme. We are currenlly preparing the application and approprlate planning permisslons lo progress the project. As part of Ihls prolecl, The Trust is inv8sllng In the d8v8lopm&nl of a Maslerplan for the sile which will ensure the facility is upgraded and continues lo meet ils charitable objecllves over the longor term. We arg keen lo ensure thal the facility meets the needs of all residents and continues lo allract Increaslng numbers of residents to participate In heallhy recreation, This approach will enable a more strategic and largeled approach lo Idenllfying sources ol grant fundlng and fundralslng Inlllallves In Ihe community. The renewal of the KGV bulldlng using Section 106 funds remalns a prospect. but18 condltional on the progress of a projecl pul lorward by Berkeley Homes (BH) to r6bulld Ihe local Howard of Effingham School, financed by expanding Efflngham's housing. Thal project has not progressed during the past year. The Trust conlinues lo alm lo attract Individuals wlth the skllls and knovAedge to partl¢lpale In Ils managemenl as members ol the Executive Board. to provide stability for tho Trust and Its ass6t and lo improve and lo expand delivery of seNi¢es lo users In Ilne wilh ils object. Flnanclal revlew Flnanclal Performance The Trust's policy Is lo malntaln sufficlent unreslricled reserves to manage 11 on a long-term basis. To that end, it alms to generate an appropriate level of income, having regard lo Ihe expendilure required lo operate 8nd lo malnlaln tho bulldings and grounds. lo finance conllnulng Improvement of facilities lo meel Ils charllable oblocls, and lo provide a sufficient cash reserve lo meel all réasonablé contlngenclès. Durlng lh8 year ended 31 March 2025. 11 has maintained a cash reserve of £55,000 oquival&nl to 6 monlhs op6rallonal costs as proscribed by the Charity Commission and Gonsislenl wilh our Reserves Policy. Deslgnated Funds Whilst income generally covers operalional expenses. The Trusl has worked hard lo grow an investment fund. designated the 'Fulure Project Fund,, to facilitate Ihe creation of unreslricled funds lo support Ihe Masler Plan sile development programme and inve51 in an appropriale level of rnainlenance activity lo mitigate risk lo Ihe building. structure, governance and management Governing document The Trust Is conlrollod by ils governing document (the Stheme), a deed of trust and conslilules an uninGorporat8d charily. The TTUSt governance scheme and operalions complies with the regulations and guidelines of °Field8 In Tnjst" and the Charity Commlssion. The land ilself is a formally designated 'King George's Field'.11 was established as such under the terms of the granl towards the inillal purchase of Ihe land which was rec6lv6d from Ih6 King George'5 Flelds Foundalion. Th8 mission of Ihe Foundation was to 'promole and to asslsl In Ihe establishment Ihroughoul the United Kingdom ol Great Britain and Northern Ireland of playing fields for the use and enloymenl of Ihe people,. The Foundalion itself was finally dissolved in 1965, by which lime Ihere were 471 Kin9 George's Fields all over the country: Effingham's is not the only 'KGV'. 11 is however th8 largesl of thè sixteen Klng George's Fields founded in Surrey. The successor body which undertakes to guard th8 legacy of tha Klng George's Flelds Foundation was initially Ihe National Playing Fields Assoclalion. subsequendy re-named Flelds In Trust. Flelds In Trust conlinues lo monitor that all designated King George's Fields are kept and used In keeping wilh the lerms of Ihe original grant.
EFFINGHAM VILLAGE RECREATION TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustee Th8 S¢hom8 spe¢lfies that the Trusteè Is Effingham Parlsh Coundl. Th8 TYusl88 appolnls the Ex6cullve Board. ENlngham Vlllage Recreatlon Tnjst {EVRT) ¢)p8ral8 according lo a "Sole Truslee. model. wilh Ihe Trustee being an Incorporated body. An In¢orpora18d entlty 89 Tmstee ensufes profosslonal admlnlslrallon, 18gal pffoleclion and perpetual 8ucce8slon. reducing disrvplion 8nd malnlalning stabllity for Ihe ¢hariVs opÈrallon9. Collectlvely such banellls enhance govèmance and operalional efficiancy. allowing the charlty to focus on 118 mlssion. Effingham Parlsh Counul currently serve8 8$ the Sol8 Trustee. Olher mallers R18k Managom•nl EVRT lake8 a prof8s$ional approach lo rlsk ass85smenl and management. Thè Truslea mana9emenl 18am rogulerly revi8W8 r18k¥. malnlaining a 8thedule, which the Trustee ovor8088. Approprlale acllon$ or& lfflplèm8nl8d to mltlgole rfsks. The ftnanclal posltlon of the trust 1$ ox8mlned al regulw meedng8 and consklered In re1811on to budg818, forecasts and any newly Idenlmed d8ks. Hire$ of tho Igcllltles have been con81ralned by agreem8nl8 or Ilcences the terms of whSch aré deslgnéd to mlnlmlza risks snd li8bililie8. Regular ch8ck8 havè been made to ensuro compliancé wlth laws. regulallon5 and Insurance requlr8ment8 b8arlng upon the 8Bfety and security of lh8 premlses. lacllltl08. Staff and u$eis. The Trusteé Is ablè to track and to act 8pproprlately on flsks through thè rl$k reglst8r. Inlèmal pollclès and procedureB and approprlate insurance. Th16 conllnues lo be undertaken by the Truste8 and th8 Execullve Board. Tho InJsloes' report Was approved by the Board of Trustee5. Paula Moss- Chalr Effinghgm P8rl$h Coundl Truiteé Ellzabèlh Hogger- VIC8 Chalr Effingh8m Parf8h Councll Trustéa Dale: [q/is.................. 10 ZS
EFFINGHAM VILLAGE RECREATION TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EFFINGHAM VILLAGE RECREATION TRUST I report to Ihe Iruslees on my examinalion of Ihe financial statements of Etringham Village Recrealion Trust (the charity) for the year ended 31 March 2025. Responslblllt108 and basls of report As the trustees of the charity you aro responsiblo fix Ihe preparalion of the financial statements in accordance with Ihe requirements of the Charities Act 2011. I report In respecl of my examination of the charily's financlal slalements carried oul under secllon 145 01 the Charities Act 2011. In carrying out my examination I have followed the Direcllons glven by the Charlty Commisslon under secllon 145{5)(b) of Iho Charities Act 2011. Independent examlner's slatemont Your altenllon Is drawn to the fact that the charity has prepared the financlal statements In accordance with the relevant version of the Stal6m8nl of Recommèndéd Practicè applicabl8 to charilles preparing thèlf financial slalemenls In accordance with the Flnancial Reporting Standard appllcabl8 In the UK and Republic of Ireland (FRS 102) In preference lo the Accounting and Reporting by Charities: Slalement of Recommended Practice issued on 1 Aprll 2005 whlch is relerfed lo in the exlant regulations bul has now been wllhdrawn. l understand Ihat this has been done in order lor the financlal stalemenls lo provide a Irue and fair view in accordance wlth UK Generally Accepted Accounting Pracllce. I have Compleled my ex8minalion. I confirm Ihat Tro mallers have come to my allenlion in conneclion with the examination giving me causé lo believe Ihal in any malerial respect.. accounling records were not kept in respect ol the charity as required by section 130 of the Charities Acl 2011. th8 finanGial slalem8nl8 do not accord wilh Ihose records.. or the finan¢lal slalements do not comply with the appllcable requlremenls Concernlng the fomi and content of financial slalemenls set out In the Charllies {Accounls and Reports} Regulations 2008 olher than any requlrement that Ihe financial statements give a Irue and fair view, which is nol a maller consldèred as part of an Independent examination. I have no Concerns and have come across no other mallers in connecllon wilh Ihe examination lo whlch atlenlion should b8 dr8wn in this report in order to enable a proper understanding ol the financial slalemenls lo b8 r88ched. Hazol Day Bsc (Hons) FCA DChA Xein8din Nighllngale House 4648 East Str881 Epsom Surrey KT17 1HQ Dale: IDlinlaD.AS....
EFFINGHAM VILLAGE RECREATION TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current flnanclal year Unrestrlcted funds 2025 Restrlctèd funds 2025 Total Total 2025 2024 Notes Incomé and endowments from: Donatlons and legacies Charll b18 acllvilies E(fingham Parish Councll Grant Capital ReplaGemenl Funds Grants 100 100 26,315 60.990 60.990 3,210 9,600 57.000 3,000 48.418 3,210 9,600 Other trading activities Investments Other income 1.585 2.025 131.537 1,585 2,025 138,187 548 1,307 131,644 6,650 Total Income 196,237 19,460 215,697 268,232 Expendl¢urt on: alsin Fundr8lsing and publicily 2.245 2,245 1,515 Charilable activities Grounds Hall and flat Sports court Admlnlslration 46.633 49.532 697 96.403 27.277 73,910 49,532 12,232 96,403 114,515 47,268 11,628 59,836 11.535 Total charltabl& expgndlture 193,265 38.812 232.077 233.247 Total expendlture 195,510 38.812 234.322 234.762 NÈt Incomel{expendllure) 727 (19.352) (18,625) 33,470 Net movement In funds 11 727 (19.352) (18,625) 33,470 Reconclllatlon of funds: Fund balances al 1 April 2024 254.316 861.338 1.115,654 1,082.184 Fund balance3 at 31 March 2025 255.043 841,986 1,097,029 1,115.654 Thè stalemenl of financi81 activities include5 all gains and losses recognised in Ihe year. All income and expendilure derive from continuing activities.
EFFINGHAM VILLAGE RECREATION TRUST STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED} INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prlor Ilnanclal year Unrestrlcted funds 2024 Rostrlcted funds 2024 Total 2024 Notos Income and endowments from: Donallons and legacles harilable a ilies Effingham Parish Councll Grant Capital Replacement Funds Grants 99 26,216 26,315 57,000 57,000 3,000 48,418 3,000 10,100 38.318 Olh8r Irading acllvilies Investments Other inc0rn8 548 1,307 125.108 548 1.307 131.644 6,536 Total Income 222,380 45,852 268,232 Expèndlture on: Raisin funds Fundralslng and publlclly 1,516 1,515 Grounds H811 and flat Sports court Adminlslrallon 85,740 47.268 665 59,836 28,775 114,515 47,268 11,628 59,836 10,963 Total oxpèndlture 195,024 39.738 234,762 Nel Incomo 27,356 6.114 33,470 Transfers b81ween funds (14.436) 14,436 Net movement In funds 11 12,920 20,550 33,470 Reconclllatlon of funds: Fund balances at 1 April 2023 241,396 840.788 1,082,184 Fund balances at 31 March 2024 254,316 861.338 1,115.654
EFFINGHAM VILLAGE RECREATION TRUST BALANCE SHEET ASAT31 MARCH 2025 2026 2024 Flxed 48$•ts T8nglble assets 14 910,480 942,646 Currènt usaet• Debtors Cash al bank and In hand 15 23,791 190,907 6,561 175,392 214.898 181.953 Crodltor8: amount8 falllng du• wlthln on8 year 16 (28,149) (8,945) Ngt ¢urf•nl as••t• 186.549 173,008 Tol81 o$sets10$s euvroht Ilabllltla# 1.097,029 1,116,664 The fundB of thè charlty RestrScled Incom& lunds Unrestricted lund8 19 18 841,986 255.043 861,338 254.316 1.097,029 1,115,854 The fin8nd81 slalemenl$ wore approved by the trustees on .. ... Paa Moss- Chalr Effingham Parlsh Councll Tru•lee Ellzabolh Hogger- Vlce ChalT Effingham Parfsh CounGil Tru•te• 161
EFFINGHAM VILLAGE RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢countlng policles Charlty Informatlon Effingham ViSlag8 Recreation Trust Is a charitable trust eslablish6d to provide and maintain recr&ational faGililies for th8 residents of Effinghatn Village. The charity is registered with Ihe Charity Commission under registration numb8r 305018. 1.1 Accountlng convontlon Th8 financial slalemènls have been prepared in accordancé with Ihe charily's governing doGum8nt, the Charities Act 2011. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Ihe Charities SORP "Accounting and Rcporting by Charilies- Slalement ol R6commendcd Practlc8 applicable lo charilies preparing their accounls In accordance with thè Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as definod by FRS 102. The charity has taken 8dvanlage of the provlslons In th8 SORP for charitles not lo prepare a slatemenl of cash Ilows. The financlal slalements are prepared In sterling. whlch Is the funcllonal currency of the ch8rlly. Monetary amounts In these financial slalemenls are rounded to the nearest £. The financlgl stalem8nls have been prepared under th8 historical cost convenlion. The principal accounting policies adopted are set out below. 1.2 Golng concèrn These financial stalemenls are prepared on the going concern basls. The Iruslee8 have a reasonablè exp8clalion that Ihe charity will conllnue in op8r81ion81 existenco for the foreseeable fvlure. however. th8 Iruslees are aware of ¢erlain malerlal unGerlainlies which may cause doubl on the charity's ability to continue as a going concern. 1.3 Charltable funds Unreslricled funds are avallable for use al the dlscrellon of Ihe trustees In furth8ran¢e of Ih81r charllable obJÈclives. Deslgnaled fL*nds are sel aside by Ihe truslee$ out of the unreslficted general funds for specific fulure purposes or projects. Reslricled funds are sublecl to specifi¢ condlllon5 by donors or granlors as lo how they may be used, The purposes and uses ol Ihe reslricled funds are sel out In the noles to Iho financial slalements, 1.4 Income Income is recognised wh8n the charity is legally enlilled lo il after any performance conditions have been met. thè amounts can be measured reliably, and il is probable Ihat incom8 will be recelved. 1.5 Expgndlture Llabililies are recognlsed as expendlture as soon as there Is a legal or constwclive obligalion commltling the charity lo that expendllure. il is probable Ihal 8 transfer of economic benellls wtll be required In selllemenl and Ihe amount of the obligation can be measured reliably. Exp8ndlture 15 accouv)led for on an accruals bas15 and has been classified under headings thal aggregate all cost Telated lo the category. Where cosls cannot be directly allribuled lo particular headings Ihey have been allocated lo activities on a basis consistent with the use of resources. 1.6 Tangible flxed assets Tangible fixed assets are Inllially measured at cost and subsequently measured al cost or valuallon, net of depreciallon and any impairment losses.
EFFINGHAM VILLAGE RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng polielés (Contlnued) D8preclalion is recognised so as to write off the wst or valuation of assels less Ih8ir residual values over their useful lives on Ihe following bases: Freehold land and buildings Plant and equipmenl Fixtures and filtings Sports Court nol applicable 20 /0 on cosl al varying rates on cost 10% on cost The gain or loss arislng on the dlsposal of an asset Is determined as the difference between the sale proceeds and the cafrying value of Ihe asset. and Is recognised In the slalemenl of financial activitie5. 1.7 Cash and cash equlvalents Cash and cash equivalonls Includ8 cash In hand, deposits held al call wilh banks. other shorl-leTm liquld Investments with oilginal maturllies of three months or less. and bank overdrafts. Bank overdrafts are Shown within borrowlngs In current Ilabllitles. 1.8 Flnanclal Instruments Th& charity has elected lo apply the provisions of Section 11 'Ba8lc Financial Instruments. and Seclion 12 'Other Financlel Instruments Issues. of FRS 102 lo all of ils financial inslruments. Flnanci81 instrumenls are r8cognls8d In Ihe ¢hariVs balance 3heel when the charity becom85 party lo the onlraclual provisions of Ihe instrument. Flnancl81 assels and liabllilles are offsèt, wilh Ihe nél amounts presented In Ihe financial slalemenls, whèn there Is a legally enforcèablè rlght to sèl off the r8¢ognised amounts and there is an inlenlion lo sellle on a net basls or lo realSs8 Ihe asset and setila Ihe liabillty slmullaneously. Baslc Ilnanclal assets Baslc Ilnanclal assets, whlch Include debtors and cash and bank balances, are Initlally measured at Iransactlon pric8 Including Iransacllon cosls and are subsequently carried al amortlsed cost using the effective Inlerest method unless the arrangement conslilules a financing Iransaclion, where Ihe transacllon Is measured at the prèsenl value of lh8 lulur8 receipts dlscounled al a market ralè of Interest. Flnancl81 assots Classified as recelvable within one year ar8 not amorllsed. Baslc IlnanGlal Ilabllltles Baslc financial Ilabililles. Including creditors arKI bank loans are inilially recognised at transaction price unlass the arrangèment conslilules a financing Iransaclion. where the debt instrument is measured al the present value of the future payments dlscounled 81 a market rale of interest. Finanoial liabililies classified as payable wllhln one year are not amortised. Debt Instruments are subsequently carrfed at amortSsed cosl. uslng Ihe effecllve Interesl rate melhod. Trade credltors are obligations to pay for goods or seTvice5 Ihat have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as currenl liabilities if paymenl is due wilhin one year or 18ss. If not, they are presenled as nOn-CuenI liabilities. Trade creditors are recognised initially al Iransaclion price and subsequently measured al amortised cost usin9 Ihe effective Inlerest method. Derecognition of financlal Ilablllfles Flnancial liabililies are dereGognised when the charity's contractual obligations explre or are discharged or cancelled. 10-
EFFINGHAM VILLAGE RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income Irom donatlons and legaclès Unrestrlcted Restrlct6d funds funds 2025 2025 Total Unreslrlcted R8strlcled fund6 funds 2024 2024 Total 2025 2024 Donalions and gifts 100 100 99 26.216 26.315 Income from charltablo actlvllles Unrestrlcted Restrlcted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Efflngham Parlsh Counell Grant Granls 60.990 60,990 57.000 57,000 Capltal Replacement Funds Grants 3.210 3.210 3.000 3,000 Grants Grants 9.600 9,600 38.318 10,100 48,418 60,990 12.810 73,800 95,318 13.100 108,418 Income Ircm other Iradlng actlvltlos Unrestrlcted Unrostrlcted funds funds 2025 2024 Christmas Inwnie 1,585 548 In¢om• from Invostments Unrestrlcted Unrestrlctod funds funds 2025 2024 Deposit account Interest 2,025 1,307 11
EFFINGHAM VILLAGE RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Other Income Unreslrlcted Restrlcted funds funds 2025 2025 Tolal Unrestrlcted Rgstrlcted lunds funds 2024 2024 Total 2025 2024 Facility hire and reimbursem8nl of s6Nl¢e costs Capllal replacement funds from ELRFC Bookham Colts ¢onlribulions 130.220 130,220 121.656 121,656 4.102 4,102 3.843 3.843 1.317 2,548 3,865 3,452 2,693 6,145 131,537 6.650 138.187 125,108 6,536 131,644 Expondlture on ralslng fund8 Unrèstrlcted Unrestrlcted fund8 fund$ 2025 2024 Fundfalsing and publlclty S8eklng donallons, grants and legacles 2,245 1.515 12-
EFFINGHAM VILLAGE RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charltablè actlvities Grounds Hall and flatsports ¢ourtAdmlnlstrati on Total 2025 2025 2025 2025 2025 Dlre¢t costs Staff cosls Dapreclalion and impairment Grounds mainlenan¢e Insurance Cleaning and refuse Repairs and renewals Gas, electricity and water Securily General adminislrallon expenses 33,215 33,215 32,186 42,980 6,638 23.136 19.213 21,635 4,471 25,472 20,631 42,980 1.394 8.905 11.535 4.547 14.231 4,648 21.635 4.471 697 14,565 25,472 73.910 49.532 12.232 73.252 208.926 Share of support and governance ¢08ts Ise8 note 101 Governance 23,151 23,151 73,910 49,532 12,232 96.403 232,077 Analysls by fund Unreslricled funds Reslricled funds 46.633 27.277 49,532 697 11.535 96.403 193,265 38.812 73,910 49,532 12,232 96,403 232,077 13-
EFFINGHAM VILLAGE RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlturg on charltable aetlvitles (Contlnued Prevlou8 yèar: Grounds Hall and flatsports court Adminigtratl on 2024 Total 2024 2024 2024 2024 Dlr•et costs Staff costs Dèpreciallon and impairment Grounds maintenance Insurance Cleaning and reluse Repalrs and renewals Gas, eleclricily and water Security G8neral 8dminislralion expenses 31,975 31,975 43.191 72,468 6.335 22,053 15,438 21,060 6.727 9.824 32,228 72.468 1.331 8.488 10,963 4.339 13,565 1,577 21.060 6.727 665 13.861 9.824 114.515 47.268 11.628 55,660 229.071 Share of support and governance costs (see note 10) Governance 4,176 4.178 114,515 47,268 11,628 59.836 233,247 Anolysls by fund Unreslrlcled funds Restricled funds 85.740 28.775 47,268 665 10,963 59.836 193.509 39.738 114.515 47.268 11.628 59,836 233.247 Trustees There were no trustees, remunerallon or other benefits paid for Ihe year ended 31 March 2025 nor for the year endod 31 March 2024. Trustees. exp8ns8S There were no Iruslees. expenses paid for Ihe year ended 31 March 2025 nor for Ihe year ended 31 March 2024. 10 Support co3ls allocated to aclSvlties 2025 2024 Governance costs 23,151 4,176 Analysod botween: Adminislralion 23,151 4.176 14-
EFFINGHAM VILLAGE RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Net movement In funds 2025 2024 The net movement in funds is sialed after charging1(crediling}: Fees payable for the independent examination of Ihe charilvs financial slalemenls Deprecialion of owned tangible fixed assols 2,268 32,166 2,268 43,191 12 Employees The average monlhly number of employees during the year was: 2025 Number 2024 Numb8T Employment costs 2025 2024 Wag88 and salarl8S 33,215 31.975 There were no employees whose annual rémuneratlon was moré than £60.000. 13 Taxatlon The charity is exempl from taxation on its aclivilies because all ils Income Is applied for charitable purposes. 14 Tanglblg flxed assets Fr•¢hold land and bulldlng• Plant and Flxtur•s and Sport* Court •qulpm•nl flltlngs Total Cost Al 1 April 2024 778.139 85,434 323,941 181,142 1,368,656 Al 31 March 2025 778.139 85.434 323,941 181,142 1,368.656 Deproclatlon and Impalrmont At 1 April 2024 Depreciatlon charged In the year 84,862 572 220.303 20.631 120,845 10,963 426,010 32,166 At 31 March 2025 85.434 240.934 131,808 458.176 Carrylng amount At 31 March 2025 778.139 83.007 49,334 910,480 Al 31 March 2024 778.139 572 103,638 60.297 942,646 15-
EFFINGHAM VILLAGE RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Debtors 2025 2024 Amounts falllng due wlthin one year: Trade debtors Prepayments and accfued income 983 22.808 1,189 5,372 23,791 6,561 16 Credllors: amount8 falllng due wlthln one year 2025 2024 Notes Deferred Income Trade creditors Accruals 17 1.836 17,708 8,605 458 4.967 3,520 28,149 8.945 17 Deferred income 2025 2024 Other deferred income 1,836 458 Deferred Income Is Includèd In the financlal statements as follows: 2025 2024 Deferred Income Is Sncluded wllhln-. Currant Ilabllilies 1.836 458 Movements In the year: Deferred Income al 1 Aprll 2024 Released from pr6vious periods Resources deferred in the year 458 (458) 1,836 863 (863) 458 Oeforred income al 31 March 2025 1,836 458 16-
EFFINGHAM VILLAGE RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Unre8tricted funds Al 1 Aprll 2024 Incomlng Resources resourc?s expended Transfers At 31 March 2025 General Fund Future prolecl Fund Flxed Asset Fund 3G Replacement Fund 94.803 15.000 133,812 10.701 196,237 {192,055) 5.944 104,929 15.000 130,357 4,757 (3.455) (5,944) 254.316 196,237 {195,510) 255,043 Prevlous year: At 1 Aprll 2023 Incomlng resource8 Resour¢e6 •xpended Transfers At 31 March 2024 General Fund Future proJect Fund Flxed Asset Fund 3G Replacement Fund 116.747 15,000 98,948 10.701 184,062 (191,570) {14.436) 94,803 15.000 133,812 10,701 38.318 (3.454) 241,396 222,380 (195.024) {14,436) 254,316 The Future Project Fund is for spe¢lfic large, non-capllal co$1$ such as items of ess8nlig1 repair or malntenance. Th8 FIx8d Asset Fund is for specific large capllal costs such as Improvemenls and equipment. The 3G R8placemenl Fund Is for Ihe charilVs share of the costs of the fulure r8placamenl of Ihe the 3G pllch. 17-
EFFINGHAM VILLAGE RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Rastrlcted funds The reslrictad funds of the eharlty comprise the unexpended balances of donations and grants held on Irust subjecl to speclflc conditions by donors as lo how they may be used. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 Capital Fund 8ookham Colts 3G ProJ8cI Playground Fund Bookham Colls 3G Replacament Fund Gulldford Borough Council- Asplre Grant Football Foundation - Grass Malntenance Fund 744,809 82,474 35.327 7,312 (10.339) (11,535> (6.838) 741.782 50.939 28.489 8.628 2.548 11,176 500 {500) 9.600 9.600 (9,600) 9,600 861,338 19,460 (38,812) 841,986 Provlous yéar; At 1 ApTII 2023 Incomlng r6sourco8 Resources expended Transfers At 31 March 2024 Capital Fund Bookham Colls 3G Prolecl Playground Fund Bookham Colts 3G Replacement Fund Guildford Borough Counc51- Asplre Grant Foolball Foundation - Gra5S Malnlenance Fund 753.556 74,566 6,731 6,844 (15,591) (12.092) (12,055) 744,809 62,474 35,327 26.215 14.436 5,935 2,693 8,628 500 500 9.600 9,600 840.788 45.852 {39.738} 14.436 861,338 The Capllal Fund is for specific large capltal cosls felaling lo iequiremenls under licences and other agreemènts. The Bookham Colts 3G Projecl is for ilem5 relaling lo the artificial pilch used by the local football club. The Playground Fund is for equipm8nl sp8cificalty for Iho playground. The Bookham Colls 3G Replacemenl Fund is for 50% of Bookham Colls share of the cosls of Ihe fulure replacement of the the 3G pitch. 18-
EFFINGHAM VILLAGE RECREATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Analysis of not assets betwèen funds Unrgstrlcted funds 2025 Rèstrlcted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current a8selsl(liabililies) 121.023 134,020 789,457 52,529 910.480 186.549 255,043 841,986 1,097,029 Unre$lrlcted funds 2024 Reslrlctad funds 2024 Total 2024 At 31 Mar¢h 2024: Tangiblo assets Current asselsl(IlabS1ilies) 124.477 129,839 818.169 43,169 942,646 173,008 254.316 861,338 1,115,654 21 Related party transactions There w8re no related party transactions for the year ended 31 March 2025 and 31 March 2024. 19-