Registered Charity Number.. 305C69 LALEHAM RECREATION GROUND TRUSTEES, REPORT ANC) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Laleham Recreation Ground On accounts for the year ended 3111212024 Charity no (if any) 305069 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 3111212024. Responsibilltles and basls of report As the charrty's trustees, 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commlssion under section 145{5)(b) of the Act. Independent I have completed my examination. I confimi that no material matters have examinerfs statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements Con￿rning 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 understandin9 of the accounts to be reached. . Please delete the worrls in the brackets if they do not apply. Signed: Date: 1410312025 Name: Adeel Sahi Relevant professional qualrfication{s) or body (rf any): Association of Chartered Certified Accountants (ACCA) Address: Bowdon Accounting Seniices Ltd Bartle House, Oxford Court, Manchester M2 3WQ IER Oct 2018 LALEHAM RECREATION GROUND CONTENTS Page Reference and admlnl8tratlve Informatlon Trustees, Report Statement of flnan¢lal actlvltlo• Balanco gh•et Note8 to the flnanclal 8tatoments 7-14 LALEHAM RECREATION GROUND REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Coline Squire. Chairman Mathew Calvert Richard Stokes Mavis Duncan Geoff Want Domlnic O'malley Charlty Regl8tered Numbor 305069 Prlnclpal Offlco The Broadw8y L8leham Surrey TW18 1RZ A¢¢ountants Bowdon Accounting S8Nice8 Bartle House Oxford Court Manchester M2 3WQ LALEHAM RECREATION GROUND TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report tO9ether with the financial statements of the charity Laleham Recreation Ground for the year 1 January 2024 to 31 De￿rnber 2024. BJECTIV TIVITI a. Poll¢les and objectlve8 In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Chanty Commission relating to publlc benefit. The Trustees are aware they must act in pursuit of the object8 for which the Charity was established in the first place, as defined by a conveyance dated 10 March 1923, Whe￿bY piece of land at Laleham was conveyed to certain individuals, to act as trustees of it, with th8 land to be used 'for th8 purpose of 8 Recreation Ground for the use 8nd enjoyment and benefit of the inhabitants ol the parish of L81gh8m", and the Scheme subsaquènly i8Éu8d by the Charity Commission on 2 Au9USt 1930. Acting in the best interests of the charity requires the trustees to keep the Recreation Ground in a proper condition. Allowng some use by people and groups based outside Laleham allows th8 trustees to secure incomè which in turn allows them to perform their dutses and maintain the various facilitie¥. The charlty's activilies expose it to a number of finandal risks induding credit ri￿, cash flow ri8k and liquidity. The eharlty h88 taken all 8tep8 necessary to ensure cartainty of cash Ilow8 and security of assets. b. Acllvltles for achlevlng oblectlvas In order to maintain liquidity to ensure that sufficient fund$ are avgilabl• for ongoing oparalion8 and future developments the charity has no debt, and intends to maintain a balan￿ of not les8 than £9,000 in the bank account. c. Maln actlvltles undertaken to further the Charlty's purposes for publlc beneflt The trustees have ensured activities have been focused on ensurin9 the Recreation Ground and the v8rious other facilities are being maintained to a suitable standard to ensure they ar• available for the benefrt of th8 'inhabitants of Laleham. in aGGordanGe wrth the original object8 of Ihe charity. The charity did not consider making any grants durin9 the year as it wished to retaln funds to maintain its existing f8¢Flitie8 and activities. ACHIEVEMENTS AND PERFORMANCE Revlew of Actlvltles Following the recent years of disruption arising from the Gon¥traints of GOVID-19 the Chanty continued with its approach of tight controls and disciplined management practices, and as règult its financial position eontinuèd to improve and consolid8te throughout FY24. The use of the Pavilion by local people for special events, such as birthdays, christenings, and funeral wakes continued at the increased levels seen in the previous couple of years. Similarly, the income from the bar continued to fe¢over to pre COVID-19 levels. The youth football has become firmly re-eslablished at the Recreation Ground and its activities have continued to grow which has ensured a steady financial contribution. Surrey Choices Ltd have taken over the running of the Café and continue to build up a regular clientele. whilst also ensuring a steady financial contribution to the Gharity. The Improvin9 financial heatth of the charity has resulted in significant 6xp8nditure items a6sociat¢d with the maintenan¢e and improvement of the facilities offered throughout th8 yéar. To this end circa £20.674 has been spent on items such as;_ Two new signboards A Teplacement refurbished Traclor A new Security Gate to improve site access securlty An acoustic absorbing ceiling in the main bar area Decoration of toi18ts, committee room and corridors Treatment of regularly blockin9 dr8in8 Measures to iwnprove the presence of mol?s around the sports playin9 are83. Plans are currently béing developed to furthèr improve the 8xists.ng faeilitias. In kgaping with many similar organisations, the Charity ha5 continued to review its energy supply arrangements. Discussions were undertaken with Octopus Energy throughout 2024 gnd they agreed to repay the advance security deposit of £4943.37 required in 2023, as ments'oned in the FY23 Annual Réport and Accounts. In February 2023 the Laleham Trustee3 passed their funds of £1350.41 to the Laleham Recreation Ground bank account for 3afe keeping. These fund8 which subsequently reduced to £888.41 are treated as restricted funds whith can only be used with the Wr￿en consent of at least three of the slx trustees. vi Golng concern After making appropriate enquiries, the Truslees have a reasonable expectation that the charity has adequate resources to Gontinue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparlng the financial statements. Further details regarding the adoption of th8 going concem basis can be found in the A¢ty)unting Policies. TR RNANCE AND MANAGEM NT General governance Trustees h8ve continued to review the current usage of the recreats'on Ground. H8ving considered the concerns of neighbouring r8sidentS 8nd the opinions of other village residents, the views of user groups and the proposed developments relating to ft)otball use. The Trustees will continue to maintain, enhance an￿Or upgrade existing facilits'es. However, the Trustees have in the past decided nol to approve the development and introduction of additional facilities, particAJlarly for football, at the current time. No single user group may have exdusive use of any area or facjlity within the grounds, beyond the nomal and pre-arranged needs of a parti¢ular group's activrties. b. Constitution The principal objed of the charity in the year under review is to provide facilities, and be responsible for, the promotion of recreational facilities for the benefit of the local community. Laleham Recreation Ground is responsible to the Trustees of the Laleham Charibes for the operational management of the grounds and buildings. c. Method of appolntment or el￿tiOn of Trustees The management of the charity IS the responsibility of the Trustees who are elected and co opted under the terms of th8 Trust Deed. d. Rlsk management The Trustees have assessed the major risks to which the charity is exposed, in partscular Ihose related to the operations and finances of the charity, and are satisfied that the systems and procedures are in place to mitigate our exposure to the major risks. e. Tru8tees' re8pon•lbllltle8 8tatement The Trustees are responsible for preparing the Trustees. report and Ihe financlal slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted A￿OUntIng Practice). The law applicable to charitles In England and Wale8 requires the Trustees to prepare finanGial statements for each financial year which give a true and fair vi8w of the stale of affairs of Ihe charity and of the incoming resources and application of resourcès of the eharty for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them con8istentty', observe the methods and principles in the Charities SORP., make judgements and accounting estimates that are reasonable and prudent,, prepare the financial slatements on the going concern basis unless it is inappropriate to presume Ihal the Gharity will continue in operation. The Trustees are responsible for keeplng proper accountin9 re¢ords that are sufficlent to show and explain the charity's transactions and disdose with reasonabl8 accuracy at any time the fin8ncial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulation 2008, 8nd the provision of the trusl deed. They are 81$0 re$pongible for $8feguarOing the 9$8618 of the charity and hence for taking reasonabl8 Steps for the prevention and detection of fraud and other ir￿gUIarltie8. This report was approved by the Trustees, on )11 and signed on their behalf Colln Squire Trustee LALEHAM RECREATION GROUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED DECEMBER 31, 2024 Nots Restricted Fund8 2024 Unrestrlcted Funds 2024 Total Funds Total Funds 2024 2023 Incomè from: Donations and Lègacies Charitable actsvitses Other trading activitigs Investrnents 1,350 14,224 49,308 27,674 92,556 20,700 46.986 26,772 92,468 20,700 45.986 25,772 92,458 Total Incomg Expendltur• on: Raising funds Charitable aGtivlties 34,796 48,469 83,265 34.796 56,203 90,999 43,260 40,207 83,467 7,734 7,734 Totsl oxpgndttur• Ngt rnov•mont In funds 17,734) 9,193 1,459 9.089 R•conclllatlon of funds: Total funds brought forward Net movement in funds 388,911 {7,734 381,177 35,569 9,193 44,762 424,480 1,459 426,939 415,390 9,089 424,479 Total funds carrled forward The notes fom part of thèse financial statsments LALEHAM RECREATION GROUND BALANCE SHEET AS AT DECEM8ER 31, 2024 Note 2024 2023 Flxed A88ets Tangible Fixed Assets 13 405.486 405,486 395.527 395,527 Curr•nt A*••t• Stocks Debtors Cash at bank and in hand 14 15 2,300 2,678 4,943 23,180 30,801 20,953 16 1500) {1,848} Creditors.. amounts falling due within one year N•t currant a88•t• 20.463 28,953 Total as8et8 h88 current Ilabllltle8 425,939 425,939 424,480 Total net assets 424,480 Chorlty fund• Rèstricted funds 17 381,177 44,762 388,911 35,569 Unrestricted Funds 17 Total fund8 425.939 424,480 Thè fin8neial gt8lèmènts were approved by the Board of Trustse$ and authori$6d for i88U8 on . signed on ils behalf by . and wero Colln Squiro The notes form part of these financial statements LALEHAM RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED DECEMBER 31, 2024 Gonoral Infomiatlon Laleham Récreation Ground is an unincorporated Charity registered with the Charity C¢)mmi$slon in England and Wal8S. Accountlng Pollcl 2.1 8asls ot preparation of ftnancial •tstoments The financial Stalen￿nts have been prepared in ac¢ordance with the Chariti¢$ SORP (FRS 1021- kwuntsng and Reporting by Ch8rllies'. Slalemenl of Recommended Pra¢llce appllcable to charities preparing their accwnts in accordance with th& Financial Roportlng Standard appli¢abl8 in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Fin•ncial Reporting Stsndard applicab￿ IA tho UK and Republic of Ir•l•nd IFRS 1021 And thé Chariles 2011. Laloham Recreation Ground meets the definition of a public bènefit entity under FRS 102. Assets and liabilities are initially recognized at hi$tOfical cost or transaction value unless otheN4ise stated in the reiavant accounting policy. 2.Z InGom• Al Incom18 rocognized onco the Charity has enlltsment lo the income, it is probable that the incom8 will b8 received and the amount of InC￿me rec8ivabl8 can be measured reliably. Income tax recoverable in ffjlation to investment income Is recognvzed al the time th8 investment income is receivable. 2.3 Exp•ndlturo8 Expenditure is recognized On￿ there is a legal or conslru¢tsve oblKJation to transfer economi¢ benefit lo a third paty, il 18 probable that a transfer of economic benefits wlll be required in settle￿￿nI ar¢d the amount of the obligats'on Gan be rneasured reliably. Expenditure is cla$$ifiod by activity. The costs of each activity are made up of the loial ol direct costs and shared costs, induding support costs involved in undertaking each activity. Dir8cI costs attfibulable to 8 8in9le activity are allocated directly to that activity. Shafed costs which contribute lo more than one activity and support costs which are not attributsble to a single activity ar8 appottoned befyyeen those activities on a basis ¢onsistenl with the us8 of r050uree$. Central staff Costs ar• allocated on the basis of ￿me spgnt, and dèpreclabon charges allocated on the portion of the asset's uso. Expgndilure on raising funds includes all expgndilure incurred by the Charity to raise funds for its charitable pufposos and includas costs of all fundraising aclivllies events and non-charitab18 trading. Expendilufe on charitable aclivilies is incurred on directly urKlertaking the activlties which further the Charity'8 objedives, as well as any associated support costs. All expendiWre is incluslve of irwoverable VAT. LALEHAM RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2024 2.4 Tanglble Flxed Assèts Tangible fixed a$$&ts costing £1,000 or more are capil8lis8d and recognised when future economic b8nafits are probable and the ￿$t or value of the asset can be measured feliably, Tangible fixed asséts are initially r8¢ognised al cost. After recLYJnition, under the cost mcdel. tangible fixed assets a measured at cost less accumulated depreciation and any accumul8led impairn8nt losses. All c051s incurr&l to brino a tangible fixed a?¥et into ils intended workin9 Condition Should be included in Ihe measuTemènt of cost. D8preciation is charged so as lo allocate the c05t of tanglble fixed assets less thelr residual value over their estsmated usefvl lives, on a reducing balancg basis. Depr8ciaiion ts provlded on the foll¢)wiNJ basl8.' - Freehold property- 2% Fixturés and fittlngs- 15% 2.5 Stocks Stocks gre valuéd St tho Iow8r of cost and nel r881isable value after making du6 allowanc8 for obsolete and slow4noving 8tock8. C051 in¢lud08 $11 direet Costs. 2.6 Dobtorn Trade and other debtors gre recognised al th8 $&tt18ment amunt after any trade discount offar8d. Prepaymènts are valuod at th• amount prepgid not of any trad8 di8count8 duo. 2.7 Cash at bank and In hand Cash al bank and in hand indudes cash and short-tgrm highly {￿Uld investments with a short maturity of three months or 18ss from the date of aGquisibon or opening of the deposil or simikr aKount. 2.8 Llabllltlol and provlslons Liabilities are recognised when there is an obligatson al the balance sheet dale as a result of a pa$1 event, Il 1$ probable that a transfer of economic bènèfit will be required in Setuement, arKI tho amount of th8 satt￿M•nI can be 88timated reliably. Liabilities are re¢))gnised at the amount that the Chgrity anti¢ipale$ il will pay lo sètde the debt or the amount it ha8 le￿ived as advanced paymenls for the goods or services it mu51 providè. Provisions arg n*a$ured at the test estimate of the amounts requir8d to settle the oblFgatson. LALEHAM RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31. 2024 2.9 Flnanclal ingtruments The Charity only has financial assets and financial liabilities of a klnd thal qualify as baslc financial inslrum8nts. Basic financial instrurrRnts are initialty rocognised at tr8nsa¢tion value and subsoquently measured at their settlerrÈnt value wrth the exceptson of bank loans which are subsequently measured al amortised cost using the effectiv6 int8resl mgthod. 2.10 Fund accountlng General funds are Unrestricted funds which are available for use at the discretion ot the trustees in furth&rance of the general objectives of thè Char¢ty and which have not bg8n do$￿￿81ed fof other speufic purposes. Designatèd funds comprisè Unrestrictod funds that have been sel aside by th8 Tru81888 for particular purroses. The aim and u80 of each designated fund 18 Sot out in the nolas lo thè finanaal statements. Restricted funds a￿ funds which are lo be used In accordance wlth specific resirlctlons imposed by ¢Jonors or whiGh have bean raised by the Charity for particular pu￿9$. The cost of administering such funds are chafged against the specifi¢ fund. The aim and use of each restricted fund is Set otjt in Ihg notes lo the financial $lat8m•nts. Inv•8lment income, 90in$, •nd 1088e8 are gllocot•d lo the appropriate fund. InGom• from donatlon• andlogacl Unréstrlctod lunme from non charltable tradlng actlvltles Unrnytrfcted funds 2024 Total funds Total funds 2024 2023 Pavilion bar ￿lpts 49,308 LALEHAM RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2024 Incomo from oth•r tradlng activiti•8 Unrostrictsd funds 2024 Total lunds Total funds 2024 2023 Rentsl incom8 25.772 25,772 27,674 Expondltur• on raising funds Costs ol ralsing voluntary ineom• unr￿tr1Ct•d funds 2024 Totsl funds T¢)tsl funds 2024 2023 Wages and salaries 16,455 16,455 22,429 Oth&r tradlng expens Unre8trlcted fund8 2024 Totsl funds Totsl fund$ 2024 2023 88r purd)8S8S Analysls of •xp8rKJlturn on charltsblo actlvltl Summary by fund typ8 Rgstrlctod funds 2024 Unr•8trlct•d fvnds 2024 Total funds Total funds 2024 2023 hadtable aGtivitie8 7,734 48,409 40,207 Total 2023 7,937 32,270 40,207 Analy•ls of oxp•ndlturé by actlvltl•8 Support ¢0gts Totsl funds Totsl funds 2024 2024 2023 Charitable activities 56,203 66,203 40,207 10 LALEHAM RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31. 2024 Analysis of oxpondituré by actlvltles {contlnuod) Analy$l$ of support costs Charltsble activities 2024 Total funds Totsl funds 2024 2023 Dèpreciation Independent examlnefs fees Computer costs Telephone, printtng and postsge Llghl, he81 ar￿ prèmises costs Repair5 and renewals Lègal and professional Sundry expenses TV sub$Griplion8 Ground service costs Water & 89w•rag$ charges Insuran 9,21 S 500 1,028 9.21 S 500 1.028 8,834 1,878 $82 291 10,135 5,833 18.885 5,300 18.885 5,300 1,886 14,644 2,676 2,815 14,844 2.676 2.816 7,753 2,556 40,207 56,203 66,203 10 Indopondent examIn•￿$ f868 The independent examinef s remuneration amounts lo an IndeFendent ex8minef$ fee of £50012023 - £1,878) 11 Staff costs 2024 2023 Wag88 and salarie$ 22,429 The avgrage numt*r of per80n8 enyloygd by tho Charity during the year was as follow8 '. 2024 No. 2023 Employees No employee received r8mun6ration arrK)untlng to more than £60.OW in either year. 12 Trustso's remu￿ratIOn and expen DiJrin9 the year,no Trustees re￿ived any remuneration or other benefits {2023- £NIL). During the year ended 31 December 2024,no TrLFStees expenses have been incurred12023 - £NILI. LALEHAM RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31. 2024 13 Tanglblg fix￿ assets Freehold PrO￿rtY Flxtures and fittings Total Cost Al 01 Jonuary 2024 Additions Dlsposals Al 31 December 2024 396.848 11.245 52,449 7,929 449.297 19,174 408.093 60,378 468.471 Depr8ciatlon Al 01 January 2024 Char9e for the year At 31 Decemter 2024 7.937 7,734 15,871 45,833 1,481 47.314 53,Y70 9,215 62,985 NET BOOK VALue Al 31 De¢omber 2024 392.422 13,064 405.486 At 31 Decembèr 2023 383,911 1,372 395.527 Induded within Fre•hold property 18 the Lalohgm r0ern8tion pavilion and land ￿ld for the bonefit and w by t Community. 14 stOGk• 2024 2023 Flnlshed g¢)ods and gotsjs for resale 2,678 15 Debtors 2024 2023 Dutr wlthln or¥• ￿ar Other debtors 16 Credttors.. Amounts falllng du• wtthln ono yoar 2024 2023 Acryuals and d￿arr8d Income 500 1,848 12 LILEHAM RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31. 2024 17 ststomonts ot funds Stat￿￿ents of funds- current yoar Balan¢? at 01 January 2024 8alanco at 31 De¢omb8r 2024 Incomè Expend5turo Unrestricted funds Designotgd funds Trustees funds 888 888 Genornl fund$ G&nar81 funds - all funds 34.681 92,458 (83.265) 43,874 Totsl fund• 35.569 92,458 183.265) 44.762 R•8trlctod fund* Development fvnd 388,911 {7,7341 381,177 Total lund8 424,480 92,458 190,9991 425,939 ststemonts of funds - prlor yoar B81Anea al 01 January 2023 Balance at 31 Doctmbor 2023 Income Expendlture Unre•trlet•d fund• Trustees funds 1,350 14621 888 Gen8r81 fund8- all funds 18,542 91,206 175,0671 34,681 Restrlcted funds Developmènt fund 396,848 {7,93n 388.911 Total funds 415,390 92,556 83,466 424,480 13 LALEHAM RECREATION GROUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2024 18 Summary of tunds Summary of funds - current yoar Balanco al 01 January 2024 8alance at 31 December 2024 Incomg Expenditurè Desi9nated lunds General funds Restricted funds 888 34,681 388.911 424,480 888 43,874 381,177 425,939 92,458 (83,2651 17.7341 190,9991 92,458 summary of funds- wlor yoar 8818nce at 01 January 2023 Ba18nce al 31 Decemter 2023 Incom Expendllure De$lgnal8d lund8 General funds Restri¢l•d funds 1.350 91,206 14621 {75,C671 (7,9371 183,4661 888 34,681 388.911 424,480 18,542 396.848 415,390 92,556 19 Analysls of ng1 ass•ts l)etween lunds Analysls of not assets betweon funds . current yoar Re8trl¢tod funds 2024 Unrfjstrfctod funds 2024 Totsl fund• 2024 Tangible fixed assets Current assets Cre(IlloTr due within one year Total 392,422 13,C64 20,953 15001 33,517 405,488 20.953 15001 425,939 392,422 Analys1• of ngt aM•ts betW￿n lunds- pflor yoar Restricted funds 2023 Unrestricted lunds 2023 Total funds 2023 Tangibk fixed assets Currant assets C￿ltOrs due within on8 year Total 388,911 6,616 30.801 11,8481 35,569 395,527 30,801 11,8481 424,480 388,911 14