REGXSTERED CHAIUTY NUMBER: 305242 REPORT OF THE TRUSTEES AND UNAUDITED YJNANCIAL STAfFMEY4TS FOR THL YEAR ENDED 31 MARCH 2024 HASTINGS & ROTHLR SPORTS TRUST Acuity Prof¢ssional PartnShip LLP Unit 2.02 High Weald House GloverB End Bexhill East Su8SeX TN39 SES
HASTLYGS & ROTHER SPORTS TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pige Report of the Trust¢e8 Ind¢pendent Ixan]Inerls Report StAtement of Fin4n¢ial Activlties StfttenJen* of Hn4n¢lal Position Nots8 to the Flnandal Stst¢ments 6 to 14 Dets5]ed Statement of Fln8hclal Actffivitle8 15 to 16
JIASTJNGS & RQTIIER SPORTS 'fRUST RIPORT OF THK TRUSTEES FOR THE YEAR ENDXD 31 MARCH 2024 Th¢ tru¢4 pr¢s¢nt their r¢port with the fittall¢ial ststements of th¢ charity for th¢ yr end 31 March 2024. The trustces hivc adopt the provi8i0ll8 of Ak¢ounting Ind R¢porting by Charili¢8', Stat¢mcnt of R¢comth¢nded Practic¢ applicable to tharities pr¢paring their accounts in accwd&n¢e with th¢ Financial R¢porting Sta]Idard appli¢able in the UK and R¢publio ¢)f Ir¢lattd (FRS 102) {¢ff¢ctiv¢ l January 2019). OBJECTIVES AND ACTIVITIES ObJeetlve8 ahd I'be obj¢¢t of th¢ Churity18. In the interest8 of 11 welfare, to improve the conditions of lifv ts the inhabitants of Ind visitors to th¢ ar¢a of b¢nefit, being Hastftngs ond St [LnArdS and the nefigblK)urhood th¢reo£ without distiiiction of politi¢al, religious, (r other inionS ty the ptovlsion and maintenan¢e of a sports facllity. Through the provigiott of affordable, subsldised sp)rling facilities, aini to encourage people and visitorg to the town. to participate in sporting activiti.es as a means of roor¢atiott. Thi in turn. assists the wdl being, fitsi¢ss and gthi¢ral heulth o£the p4rti¢ipaAts, Th¢ Tru8tee8 havc complied with the duty ltt StIon 17 of the 2011 Charit1¢$ A¢t to have due regard to guldan¢¢ published by th¢ Charity Commission, ancluaing publA¢ bell¢fit guldance. The aim 18 to Stri for sustainability in order that the (&j¢¢ts of the Charity may wntinue to bo cartied OUL Slgnlfkant acllrftle$ Th¢ 8trat¢gies for a¢hleving the objwtiY¢s in¢lud¢ continued elforts in the promotion of sporting and business activiti4 in the form of th¢ provi8kott of a 8POrts hall. m¢¢ting rth)ms. 8(Kial fi]llction4 catering and bars. The Tru¥t¢es tillu0 ¢0 work with a devdopmertt teNm to deliver & Ion8 terni strategi¢ plan to r&locate the fa¢llltlos d provld¢ ¢nhall¢¢d facilitios. The Charity -Operas with loral prits18ry, second schwls and ¢oll¢w. Th¢ Charity firth regularty provide fa¢llltiw, at reduwl rats, providing a ¢harlty benefit is proven. The ¥harity8 Iltwthe continues to be under pressur¢ a$ pr¢viouJly rokned due to genpral economi¢ wnditii)ns and challenges iti hiring our fa¢ilitRes during workin8 hours, srRucfuRf, GOVERNANCE AND MANAGEMENT Governlng do¢unwnt The cIlty is crAktmlled by its 8oveming do¢umtht. a d¢¢d of truyt and thnstithte8 an unincorporated cbarity. Reerultment and appolntment of D¢Jv irusttt9 The Trustees of th¢ Charity, for the purp(K8 of Ch&rity Law, ar¢ iticorpmt¢d und¢r di¢ nain¢ of Horntye Pk Management Comp4tsy Limit¢iL Under the rej4uits of the Melnffalldum and Article8 of Association of this ¢(Rnpatsy. one third of tho Charitys TTUSt¢es thall r&ir¢ from offi¢¢ at the Anttual General Meeting every ar. Th¢ retiring Trnstee5 sIll be thos¢ have been longes¢ in office sin¢¢ their last ele¢tion, and sball be eligible for revelection, Organlyatlottal structsre Pro¢oedmgs ot the Tntste¢s are govcrned by the M¢morandwn aad Arti¢1¢8 of As80¢iation of Horntye Park Mallagem¢nt Compv4ny Limited, artd the Ch&rAty 18 organised so that the Trustee8 meet regularly to manage it8 affairs. Th¢ s¢nior merrtb¢rs of the Mallag¢mfflt Conllnitt¢e me¢t on a more frquent basis &8 f¢quAred. Trusttts may delegate any of their powers ts) suboommittee8 Contsittittg Ydt R¢Ast one Trust¢ Day to day de¢islonA r¢garding operatlon&, affin& accounts et¢. are vnderÉak¢n by th¢ ManageDWIt Committe¢. Ijnportant issues are debated by a Sub11tt¢e. Rec¢)mm#ndation8 are put to the maiti board for ratifirAti(x), policy d¢cisions are dd)8t¢d at main IM)ard level.
HA8TtNGS & ROTHER SPORTS TRUST KEPORT OF THE TRIISTEES FOR THE YEAR ENDED 31 MARCH 2024 STRucfuRE, GOVERNANCE AND MAI¥AGKMENT nducdon and trAIDlng of new trteel The TnL4t¢os or¢ all familiar with th¢ prarti¢al work of thc Charity. Th¢y are also made aware of their responsibfilitics as Tteel and the rUIr¢Mellts th¢reof, Rlsk managtment The Truste¢8 actively review, on a regular basis, the major ri3k8 that the Charity faces and believe that the indep¢ttd¢nt examination and review of the controls over key fin&n¢ial sy8tems, will prnide sufficient resc¢¢8 in the ¢v¢llt of advers¢ )ndItions. The Trustees hav¢ 8180 oxamin¢d oth¢r 0[ational and busin¢ss risks fa¢ed by th¢ Charity md confirm that they hav¢ ¢Stabl1th sy8tem8 to mltigate silfi¢&t risk8. RETrTRENCE AND ADMINISTRATIVE DETAILS Regirtertd ChaYRty llumber 305242 Prlllclpal Addres8 Horntye Park oh¢mia Road Hasting8 Tl+T34 IEX Trllstees P N Finch C J Thayr¢ B Dlxon C M Ford (resigned 201512024) Mt l Gill¢spi¢ (TIgn 291212024) D S Na4s1irtg M O'connor K W(x)Il¢y (r¢8igned 201512024) Indepelldent E%nIDer Awity PTofcs8ional Partncrship LLP Unit 2.02 Hlgh Wd Hou8¢ Glover8 End Bexhill East Sus8ex TN39 SES Approved byordor of the board of trustees on .. .... ... ........... .. . .... .... SAed on its bebalf ty. P N Finch - Trustee
)EPENDLNT EXAMINER'S REPORT T() THE TXUSITES OF HASTll¥GS & ROTMER SPORTS TRUST Independent eXle8 report to th¢ trustses ofHas¢lngs & Rothet Sports Trust I r¢port to tho charity trustees on iny examitiation of tho accoullts of Hasting$ & Rother Sports Tnwt (the'fruBI) for the y¢ar ended 31 Mah 2024. Re¥pqmslbllltfiei ba of report As the charity trust¢e$ of th¢ TnL$t ate responsible for the pr¢par4tion of th¢ accouttts ift o¢cord8n¢e with the requlr¢ments of th¢ Charities Act 2011 Cthe Ad). I rel in respert of my examinfttion of the Trust's aceounts carried out undw Se¢tiott 145 of the Act and in ourying fflit my eAaminati(lli I have followed all Y4ppli¢abl¢ Dlrectlons given by the Charity Crn)mi8sion und¥r Sectio 145(5)(b) of the Act. llld¢pend¢nt eJamlner'¥ statothent Sinrc yow ch18 grosB in¢4Mne exccojed £250,0(Xl your exminer nwst b¢ a member of a list¢d body. I can collfir that I um qlIfied to uttdthake the ¢xaminuticAA bause X aD] a member of th¢ In¥tiiutc of Chartered ACunt8llts in England and Wales, which ts one of th¥ listed bcKlles. I have ¢omplotod my ¢xathinatioll. I ¢onfirm that no mat¢tlol matt¢r8 hav¢ come Èo my attention Ill coDttectioll with the examitiation Bivill8 m¢ ¢aug¢ to bell¢ve that in Any mat¢rlal r¢sp¢¢t: accountlng records wer¢ not kept in resfft of the Trust as ffwired by Seotion 130 of th¢ Act. or the a¢¢¢xmts do )1 4crord wlth those Tewds. or the accounts do not comply with th¢ appli¢able requir¢m¢nt8 ¢on¢¢rning the torm and content of awount8 get out in th¢ Chariti¢s (ACCnts and Report¥) Regulations 2008 (rth# than atty requirem¢nt that tho act8 give a true thir vi¢w whith is not a matt¢r consid¢red a8 part of an illdepertdent examination. I have no Cou¢n3 And have come actoss no (Xhor mattffs In InneCtIOn with the exatiunation to which &ttentioD 8hould b¢ drawn In this r¢port in ordor to ettable a proper wid¢rstandlng of the COUnts to be r¢ach¢iL Rach¢l Taylor FCA A¢Ylty Professional Partnersbip LLP Unit 2.02 High W¢ald House Glovers End Bexhill Eust Su8Bex TN39 SES Date: .1.9.:,1.2...2Q.24..,,. ................
HASTLYGS & ROTHKR SPORTS TRUST STATEMENT OF FINANCIAL A1VITIEs FOR YEAR EM>ED 31 MARCH 2024 2024 Totsl 2023 Total fvnd$ Unrutsl¢ted Restrkted rllnd fond INCOMK AND KNDOWMENTS FROM Chadtgdble AetlvltA¢s Provision of 8port8 and r¢mtional fac.ilitie 291,939 291,939 27S,561 Olbor tradlng a¢tiviti¢s 21,523 21,523 8,292 313,462 313,462 283,853 EXPFNDITURE ON RAising fimds Charltable 4¢tlvltA¢J Provision of sports and ¢r¢atial facilities 416,110 481063 431,550 To¢#l 41&110 65.953 481063 431,550 Not gains on inv¢8tm¢nts 115,080 NET INCOMEI(EXPENDITURL) U02,648) (6S953) (16wi) (32,617) RECONCILIATION OF FUNDS Totsl fi]nds brought fonvard 831,955 1,781,129 2,613.084 2,645,701 TOTAL nN)S CARRIICD FORWARD 729,3117 1,715.176 I44483 2,613,084 The notes form part of financial statemts
HASTINGS & ROTHff R SPORTS TRUST STATEMEwf OF FINANCIAL POSITION 31 IURCH 2024 21123 Notss FJXKD ASSETS Tangible asgets S(Klal invosttnents 10 11 2,17ffj637 167,802 2,261, 150,029 2J¥439 2,411,919 CURIIENT ASSETS Stwks Debtor8 Cth at bk and in hand 12 13 $2,S88 115,807 23,757 252.017 171,355 278,674 CREDITORS Amounts lIAllg due withiti on¢ y 14 (54172) (62.942) NET CURRENT A&8LTS 117,183 215.732 TOTAL ASSETS LESS CURRENT LIAHALrriEs 2861,622 2,627.651 CRXDnOR8 Amounts falllng du¢ aft¢r mth'¢ thall on¢ year 15 (17,139) (14,567) NET A&SXTS 2W4,483 2,613,084 18 Unrntricted fiwds Restri¢ted fimds 729a07 1.715,176 831,9S5 1,781,129 TOTAL FUNDS 2,444A83 2,613,084 The tlnanclal 3tat¢Ments were approved by th¢ B(Krd of Tnte¢S and authorised for 1sYUO ..1 L,14.21.lol(fr and w¢r¢ Signed on its Ethalf by: PNFinch- S N¢sslirt8 - Trngtee Th¢ ttotes forn part ofthe8e financial ateMentS
HASTYNCS & ROTHER SPORTS TRIYST NOTJCS TO THE FINANCIAL STATEMENTS FOR THK YEAR KM)ED 31 MARCH 2024 ACCOUNTING POLICLES BASIS OF PREPARING THE FINANCIAL STATEMENTS The fman¢ial statemont$ of the charity, which is a public benefit entity der FRS 102, hav¢ been prepared in accordance wftth the Charitles SORP {FRS 102) 'AIxM)UOting and Rq)orting by Charitie8: Stalement of Recomm¢nded PtIce applicuble to ¢hari(ies preparing their accounts in e0rdance with the Finattcial R¢pwting Stdard applicable in the UK and Republi¢ of Itthnd (FRS 102) (cffectivc l January 2019),, FItian¢1 R¢poriing Standard 102 'The Financial ¢ting Standard applicable Ao th¢ UK aad R4)ublic of Ireland, and the CIMriti¢s Act 2011. Tho financial statem¢nts h&v¢ b¢4n pr¢par¢d th¢ hi8torioal ¢08t ¢onvmtion. COME Voluntary inme 18 tereived by wuy of sub8wiptions and donations artd IB included in Ibll in th¢ Stst¢in¢nt of Finanoial A1vitieS wh¢ll rettive(L The value of 86]yi¢es provided by volunte$ has not bcffl inr.luded. Oth¢z inc4Thnih8 resources aTe Included in tho Slalom¢nt of Finan¢ial A¢tivitie8 when they are re¢6ivd. RESOIJIICES EXPELYDED Rwourw exp¢nded are r¢¢ogni$ed in the y¢ar tn which they are incuffel includlng attribulable VAT which cannot b¢ rerned Expendityre 18 allocated u8ainst rtIcUlar activities ere the cost telates directly to that tivity. Cts relating to the ov¢rall diraon and athinistration of each activity ap1)rtI¢)d on an ¢stimal¢d ba8iS. TANGlnLK FIXED AS'SETS Depre¢latI Is provided at th¢ following annual rates itt order to wxit¢ ¢)ff each ays¢t i)v¢r its ¢stIMat uselbl Freehold prop¢rty Plant and maohinery Fixtures and fittings 33% on cost attd 10 % i)n ¢ost 20% on cost Sto¢k8 are Valu at the lower of ¢t wid net realisable valu4 atter ADakitig due allowance for thsolete slow movlng Items. All strk held Is f4x bar gAd ¢at¢rlng artiviti¢&, TAXATION The ¢h&rity is eMpt from ¢oryoration tsx Lm it5 charftable activities. FUND ACCOlINTG Unr¢strict¢d Fund$ Unr¢stri¢ted fiwds ar¢ donatlms and otlw incomillg resource¥ r¢¢eivable or g¢n¢rated for the obj¢ots of the Charity wAthout rther specified rpOse and Rr¢ ovailabl¢ for genml fjmds. R¢str(¢ted Funds Restricted Funds r¢lat¢ tv th¢ p111 eKp¢nditure grant that was recei1 from the National Lottery and can only IK for partiadar restricted purpose8 Within the obirftives of the cbarity. HIRE PURCIIASE IIND LEA8]NG COMMITMENTS kontals paid under (w¢rating leases are ¢bar to the Statenient of Financlal Activiti on a straight line basis over th¢ period of the Ivase.
HASTJNGS & ROTHER SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS- conllDued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING IIOLICIES- contAnued PENSION COSTS The Charity op¢rates 8 defincd contribution pension scheme. Contributions paydble to the charitys pension sch¢m¢ are charged to th¢ Statement of Financial A¢tivtties in the period to which theyrelate. USE OF ASSETS ON A FREIE OF CHARGE BASIS In¢¢Nnillg resources by way ofperceived donati¢)ns have not been iocludea. OTHER TIIADLYG ACTMTIES 2024 2023 Misc¢llaneovs inwne 21,523 8,292 INCOME FROM CHARiTABLE ACTIVITILS 2024 2023 ACtIty Provision of sports and re¢r¢ational facilities Provision of sports and recreational (Iround hire 8ttd advertl8ing faoiliti¢s Provision of 8POrts Rnd recreational faciliti&s Provision of 4)(Yt8 and recrffdliotlal facilities Sundry rent Teceived L757 532 90.745 78,869 Sports hall and room hire 99,033 103,437 Bar and cateting income 100,404 92,723 291,939 275,561 RAISING DONATIONS AND LEGACIES 2024 2023
HASTINGS & ROTHKR SP()RTS TRITST NOTES TO THE FINANCIAL STATEMENTS * eontlnutd FOR THE YEAR EI¥DtD 31 MARCH 2024 CHARITABLE AcrivrriES COSTS SUp)rt ¢06ts (See ote 6) re¢t Coyts Totsls Provision of sports reer¢ational facilities 330J83 151,080 401063 £65,953 (2023; £65,953) of the above c08ts wer¢ attrllmtuble to the r¢8tricted fijllds, £420.632 (2023: £365,597) of th¢ &t()v¢ w¢r¢ attribiJtabl¢ to wir¢stri¢twl funds. SI7PPORT COSTS Ule of spfjrtlng and other faeSMtle¥ 1,214 15.082 1,877 55,414 25,00S 9&592 Bar ind eatsrlng 653 8,121 ,1010 29,839 13,465 5&088 Sundry rent rtt¢lved 2024Totsl 1.867 23,203 2.887 85,253 38,470 151,68 2023 1,500 10,432 3,456 85.253 30.809 131,450 Qov¢rnan Finthce Information technology ])¢preciatlon Le8al & profo¥8ioJMI f¢ BaT and oa*r,ltsg Costs Indud¢ th¢ ¢oSt of refrth¢nts provided in association with th¢ htr¢ of rooll. Jnm¢ from activitles 15 included wlthirt'sports hall and room hire,. L¢£al piofrssional fees inchuk fecs paid for work on th¢ valwdtion of the grwnds at Horntye ParK fees indiredly relating to tho of the land at Ilorntye ParLspecialist wLounting fet8 and also include bLX)kk¢¢plng fees. Th¢ support ¢ogts h3vF been located to th¢ activAtie& based oft the hour8 work¢d in each activity. TRUSTEESI REMUNERATION AND BENLFITS Th¢r¢ were no trust¢es' remun¢rntion or (rther benefits for the y¢ar vnded 31 makn 2024 nor for tho y¢ar ended 31. March 2023. TRUSTEESI EXPENSES lliore Wore tto Irujtsts, exp¢nse$ paid for th¢ year end¢d 31 Mftroh 2024 nor for the year ended 31 March 2023.
ASTINGS & ROTHER SPORTS TRUST NOTFS TO THE VINANCKAL 8TATEMENfS . ¢olltlnll¢d Fq)R THI YEAR 31 MARCTrI 2024 STAFF COSTS The average monthly ttumlw of employees durlng th¢ year was as followy: 2024 11 2023 10 Charitable a¢tiviti¢s No en)ployee8 re¢eived ¢tnoluments in ex¢es8 of £60,0(X), COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTtvtllES Unrestrl¢t¢d R¢6¢rl¢ted Totsl INCOMÈ AND ENDOWMEN13 TrIIOM ChArftible adlvRtI¥s ProvAsion of sports and T¢eational faciliti 275,561 275,561 Other Éradlng a¢tlvitie 8,292 8,292 Total 283,853 283,853 EXPEIIDITURE RaisÈttg fjjnds Charltabl¢ Aellvllks Provision of sport$ and r¢¢reati(Thl facilitles 365,597 65,9.fj3 431,550 Totsl 365,597 65,953 431,550 N¢t gain8 on invm¢llts 115,080 115,080 NKT INCOMFJ(EXPENDXTVRK) 33,336 (65,953) (32,617) RKCONCILIATION OF nJNDS Tot8l ffimds 1K0t forward 798,619 1,847.082 2,645,701 TOTAL FUNDS CARRIED FORWARD 831,955 1,781,129 1613,084
IIASTINCS & ROTHER SPORTS TRUST NOTES TO THE VINANCIAL STATEMEKffS * ¢Mthin¢d FOR THE YEAR ENDKD 31 MARCH 2024 111. TANGEBLE FIXED ASSETS Flxtures FTeehold prope,rty Plant mA¢hln¢ry tllngj Tot41s At l April 2023 and 31 Mareb 2024 4362,658 70,540 82J37 4421A35 Depr¢¢latloM At l April 2023 Charge for y¢ar 2,000,768 85,253 76,540 82J37 1159,645 853S3 At 31 March 2024 2,1186,021 76,540 82J37 2,244,1198 Net bTh)k v4lu¢ At 31 March 2024 2,176,637 2,176,637 At 31 Marth 2023 2261,890 2261,890 11. SOCIAL INVttSTMENTS Social Investments Wlst of initial ¢xpenditur¢ in resp¢ of constru¢tion work3 cattied OUÈ the r¢loc4tion of cortaln sporti facilities to CIAr¢mollt Sth(x)I, who on cry8tallisation of suuh works owed the Tnk8t £176,635 which th¢ Schwl have agreed to t(yy to the Tnjst on a quarterly knsis at £8,831.75 per quarter (Fver 20 quart¢r& Ropaym¢llts ¢onmMcod on 1st F¢LYuary 2024. The Thjst have inv¢s¢ed additional swial instment monies whllst Qlso inve5tig¢tting re¢rtional 8fi at Ilastings Academy attd Sandhurst R¢¢atIon Groun Tb¢ Claremont Social Inv¢8tment figwes were as follows for the y¢ar: . Professi1 fees £13,926 - Planning Costs £1659 - Ground Malntengmce costs £3226 12. STOCKS 2024 2023 Bar and catering Nto¢k 2,0 2,900 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 21)24 2023 Trade d¢btors Other d¢btors VAT Prepawts and accrued in(y)me 23,899 11,189 15.457 2,IM3 13,757 10,000 52,588 23,757
ASTINGS & ROTHERSPORTS TRUST NQTES TO THE FINANCIAL STATEMENTS. ¢ontlnued FOR THE YEAR ENDED 31 MAIICH 2024 14. CREDITORS: AMOI7NfS FALLING DUE WMIEN ONE YEAR 2023 B4ttk10ons and overdr41ts (S note 16) Trade cr#ditor8 Taxation and soclal swity Otha weditorA IlJ92 31.798 2,682 82IMI 31.762 15.446 9,684 6,050 172 62,942 IS. CREDITORS: AMOlmS FALI,ING DUE AYIER MORE THAN ONE YEAR 2024 2023 Bank loans (8e¢ note 16) 17.139 14,567 16. LOANS An anolysis of the mattwlty of lo&ns Is glven below: 21124 2023 Amounts fallittg due withill one year demand., Bk overdrafts Bank loan 7h92 4,0011 21,762 10,0 11,492 31,762 Amounts fallin8 between one and two years: Bonk104n8- 1-2 years 4,11011 10,000 Amounts tklling due betw¢en two ond flve years; Bank lo&ns- 2-5 t8 13,139 4,567 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Totsl fiill 2023 Total nds Unrnstrl¢tsd Restrkted fund fund Fixed ass¢ts Investtnettts Current &88¢ts Curr¢nt liabilitleg L(g tenn liabilities 461,461 167,802 171,355 (54,172) (17,139) 1,715,176 1176,637 167,802 171,355 (54,172) (J7,139) 2,261,890 150,029 278,Ci74 (62,942) (14,567) 729J07 1,715,176 2044,483 1613,084 ReNtrleted Fund8 R¢strlcted Funds r¢lat¢ to the Capital ¢xp¢ndithre graDt that was received from th¢ National and catt only Ix for p8rticular rrstrict¢d purposes within th¢ obi¢etives of the charity.
HASTINGS & ROTHER SPORTS TRUST NOITS TO THE FINANCIAL STATEMENTS- Contlnlled FOR TME YEAR EIYDED 31 MARCH 2&24 17. ANALYSIS OF NET ASSETS JIETWXEN Fuf4DS- eondllued Unrestrletod Funds Unrestrict1 fimd8 are donations and other Inc(1ng resovrceg receiwdble or gen&ated for the obie¢tiv¢s of th¢ Charity Without fiwthcr specified purpo8¢ and are &vailable for general fLd8. 18. MOVEMENI FUNDS Net movement In fund8 At 31.3.24 At 1.4.23 UnrestrA¢ted funds Gell¢T fund 831.955 (102,648) 729,307 Restrleted fmdl RtrICted 1,781,129 (65,953) 1,715,176 TOTAL FUNDS 2,613,084 (168.601) 2,444483 Net mov¢meDt in fwLd8, included in the above ar¢ as follows: Incoming > Re8ouree8 Movement Tesourees txpended In Unrestrl¢ted fuud$ General thnd 313,462 (41fj110) (102,648) Restrlcted fvnd$ Restrlcted (65,9S3) (65,953) TOTAL FtJNDS 313.462 (482,063) (168.601) Con1ptiveS for mov¢ment In funds Net movement In funds At 31.3.23 At 1.4.22 Unrestricted funds Gffleral fund 798,619 33,336 831,955 Rtr1¢tOd fundi R¢stri¢t¢d 1.847.082 (65,953) 1,781,129 TOTAL FUNDS 2,645,701 (32,617) 2,613,084
HASTINGS & ROTHIK SPORTS TRUST NOTES TO THE FINAF¥CYAL STATEMENTS- eonlnued FOR THE YEAR ENDED 31 MARCH 2024 I& MOVEMENf IN FUNDS- ¢ontlnuod Comparative iiet movem¢nt in funds, includ¢d iti the above are as follows.. In¢omlng rtsonrce• Re8our¢es ¢xponded Galn$ and m0ment 105¥¢8 In Ilthd5 Unr¢strl¢ted funds G¢nvxal fund 283,853 (365,597) 115,080 33,336 Restrleted Ilthd$ Restri¢tsd (65,953) (65,953) TOTAL FIJNDS 283.853 (431,550) I IS,080 (.32,617) A Curront year 12 months and prior ye4r 12 months combill¢d position 13 as follows: Net moyememt In ftmds At 31.3.24 .At 1,4.22 UnreJtrlet¢d tlmds General fimd 798.619 (69,312) 729,307 R¢rtrlctsd fvttds R¢stri¢d 1.847.082 (131,906) 1,715,176 2,645,701 (201,218} 14M,483 A curront al 12 months attd priLY yeur 12 months wmbined n¢t moveJll¢nt in itt¢lud¢d in the above ay¢ ag follows: ¢sre¢S expend¢d G#h$ and Movement 1058es In fulld$ Unr¢Jtrleted thnds (kneral fund S97,315 (781,707) 115,080 (69,312) Re¥trl¢ted fvhds Restrtcted {131,6) (131,906) TOTAL FUNDS 597,315 (913,613) 115.080 (201,218)
RASTXNGS & ROTHXR SPORTS TRUST NOTES TO THE FJNANCKAL STATEMENTS * efjtttlnued FOR I'HE YEAR F,NDLD 31 MARCH 2024 19, EMPLOYKE BENIEFrr OBLIGATIONS Th¢ charity operated the NEST p¢n8ion Scheme dutlng the year along*5ide an independ¢nt thiployer 8¢heme. Both nsIOn gchdnes wated are operated on a defined contribution basi$ 4nd minimum levels of COntrjbutiOll8 are made by th¢ ¢haTity. RELATED PARTY DISCLOSURES Th¢re are no r¢lat¢d patty transa¢tloL8 Idthtified.
HASTIN(IS & HOTHLR SPORTS TRUST DETAILÈD 8TATEMEyf OF FINANCIAL AcfiviTIKS FOR THIC YEAR ENDED 31 MARCH 2024 2023 INCOMK AND ENDOWM1Y[S Other tradlng a¢ilvltle8 Mis¢¢llan¢ou$ in¢om¢ 21J23 8,292 Charltsbk a¢dvltl Sundry rent rec¢Ave41 (Iroulld hir¢ and Advertising Sports hall and roofft hir¢ B81, and catering income L7S1 9743 99.033 1110,404 5.12 78,869 103,437 92,'Y23 291.939 275,501 Totul Jn¢omlJg re8our¢e8 313,462 283,853 EXPENDITU Charltable actlvltles 161,456 7,J23 4,015 6,681 13,489 9,777 33,421 3,419 917 &13 2&907 143,119 6.969 3,7 4,727 10,368 9,3S3 34,979 3,243 1,091 635 20,859 1,657 1,159 1,359 35 50,384 1,338 3,602 1,433 Social 8urIty Pensions Jir¢ of equipment Rates and wat¢r In$uran¢c Lighl and heat Telcphon¢ Postag¢ and 8tatioll¢ry Sundries Pr(yperty and gr¢Xll nwinl¢nall¢¢ Cle&nthg and wftste dlspo8&l Rqialr8 and r¢n¢wals Motor attd travellitig Stsff trainin8 Bar and ¢afyring purchase8 Bar and cateriny maintenan¢e Li¢ences Match fees 1,429 1,481 49,754 562 4487 331V83 300,100 Suppoyt cfjsts Min#gèttwAt Computer ¢08ts Carried forward {1187 1887 3,456 3,4S6 Thisp e d(*s not form p&rt of the statytory financial statem¢nts
HAS'llNG8 & ROTHER SPORT8 TRUS'r DETAILED STATEMENT OF FINAf4cIAL ACTivrrIKs FOR I'HK YEAR KNDED 31 MARCH 2024 2024 2023 ManageJn¢nt Brought forward Frethold propety 2,887 85,253 3,456 85253 88,140 88,709 In4n¢e ank Charge Bank Ic&4n internst IA)att Ixtterest 1526 6T1 20110 3.446 6,986 23303 10,432 GovernaThce ¢ost8 Leg and ptt)f¢ssiollal fxq Indep¢nd¢nt ¢xaminer's fee Spo¢ialist ac¢mtancy f¢¢s 3&470 1067 25,579 1.51)0 5,230 40J37 32J09 Tolal Tewurc¢s eXded 4KI,063 431,550 Net oxpendltsre before %alns and losAe8 (168,601) (147,697) Re4lts¢d re¢ogDts¢d g4lDI 10$8e8 Roalised 8ain81(lossey) on inv¢gtmfflt property 115,080 Net expendllure (168,60X) (32,617) This page does not forn) part of the statut(ry finatEcial statements