COURAGE DYER RECREATIONAL TRUST ANNUAL REPORT FOR YEAR ENDED 31 MARGM 2023 The Courage Dyer Recreational Trusl was constituted urKler a scheme approved by the Charity Commissioners in June 1986 and B a registered ¢harity No. 305361. The address of the Trust is Glo Democratic SeNiw. Town Hall, The Boulevard, Crawley, Wast Sussex, RH10 1UZ, telephone 01293 438625. The alm of the charity Is thè provision and mairtsnan(% of facilities for rerxeation and other leisure lime occupats'on for residents of the Borough ( CraWY and the Parrah 01 Rusper. The permanenl endowment of Ihe Trust eompTises pbying fialds at Langloy Green, Crawley which are maintained under a ser¥itx agreement by Crawley Bor(gh Council and an Invesirnent Fund created froTn the proc£ed8 of sale of recreational Lqnd prior to th6 fofmal establishment of the Tnjsl. The in¢Jyne from the Investment Fund (net of Administrative and ground maintan8nce expenses) is applied in grant aid to local organisalions and other group8 who provide reCreatnal and leisure opportunrtfft for residerts of ttr Trtl's ai•a of operation. The Tntst wa8 established with six tfustees Gomprisir¥J of six nninallY6 trustees, who hold office for a temi of four years. No remunerats'on is paid to trustee6. The Trustoes that Berved during 2022123 are set out below: Cwnullor Michael Jone8 GourKlllor Sue Mullins ctn(ll0f Shamila SNwaiah W3C Councillor Brian Qufftn } Nominaive } tru5tee5 of ) Crawley } Borough Council Mr P Castle Mr Malcolm Fillmore Mrn J AutTry-Smith Nomlnati¥e Irwtee of cra Art8 Council Nomnative trustee of RPer Pari8h CourK Nominative trustee for Sports lministra.0n ol the Trust is undertaken by officers of Crawley Borough Council foi which a "related party. charge is made in the accounts. Th8 Clerk to the Tnlstees IA MTS Hayley Thome (Members and Mayoral PA): the Treasuref to the Trust 18 Mrs Carolin Martlew, CPFA (Head of Corporate Finance). The Trusfs accounts are subject to an independent examffialion by Mike Platen of April Skie8 Aceountlng.
Grant aid 18 generalty made to a&8iSt grpS to expand or wlwe their facilrties andlor updatmg equipment. Each application for financial assistance is considered on lis merits in f8lation to tr contribution the proposed prdect Gan make to loeal re¢ational facilit*s and r8lated services. Applicants are normally expected to fvnd ratse for at least 50% of the project costs, to have funding in plao before grant paymnts are made and to complete prviects wrthin a yeai uf approval. However, exceptions to the8e polici8s are considered whe.re there is dve reason Such as the size of the Organisatn. No grants are made for Consumab materials or for general nJnnirKJ costs of organlsabon8. Durlng the year, Trustees met on two occasions and grants totalling £45 155 vme approved lo seven organ&2tions. Allowing for time to implement propcts. actual value of grants paKI out duriNJ the year was £20.000 relalir¥J to two otganisations. Outstanding grant approvals totsl £42,155 for ei9ht organisaiions arKI this is expected to be paid in tr (yjming The rna7ty of the Trusts funds are hekl in an investsnent fund operated specificalty for charities and designea for long frwm i¥i¥estrnent. tt 3eek8 to 5afgguard against the gffeds of inflation and it mostty invested in equibes. Smaller amounts are held in fixed interest income shales and a deposit fund. Over811. £430,000 has been invested in these funds and their value, eXpt for the deposit accounts. will vary from time to tirre depending on mathel condiiions. During 2022r23 the value of the investment increased to £1,377,e41 as at Marth 2023. This equatwj to a 1.11% increase trjr the year. The Trust 13 not involved in fund raislng activty And apart from the prospect of kAver investment retums in the future there are no major rlsks which requtre actlon by Trustses. Th• trust efjnfimi that tw have referred to the guidance contsined in the Charity Commtssions, gener81 guhjance on public benefrt when revieNwng the TTUSt's aims and obieclives and in planning futu activbties and setb'ng the grant making policy. H Thome Clerk to tho TTust88s C Martlew Treasurer to Trust Trustee of Courage Recreational Trust.
COURAGE DYER RECREATIONAL TRUST ACCOUNTS FOR 2022123
COURAGE DYER RECREATIONAL TRUST RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 2021122 unrestricted funds 2022123 Unrgstricted funds RECEIPTS FROM INVESTMENT (Note 2) Bank Int&rest Charities Official Investment Fund 74 267 40.148 40,413 38.712 38,786 PAYMENTS Administration (Note 3) Grounds Maintenance Grants Paid (Note 4) Purchase of further CCLA Investments 2,372 5,632 19,167 2,913 5,858 20,000 80,000 108,771 27,171 11,615 118,103 129,718 Net receipts and payments Cash funds last year end Cash funds this year end (68,358) 129,718 61,360 C Martlew Treasurer to the Trust 0311012024
COURAGE DYER RECREATIONAL TRUST STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2023 31.03.22 Endowment Unrnstrictod funds funds 31.03.23 Endowment UnrestriGted funds fund8 FIXED ASSETS 6,850 Land at Langley Green 6.850 INVESTMENTS (Note 5) 1.362.496 Charities Official Investment Fund 1.377,641 CURRENT ASSETS 129,718 Cash at Bank 61,360 CURRENT LIABILITIES (450) Credrtors Grant Approved (work carried out by CBC not yet processed) 1,491,764 TOTAL NEr ASSETS {900) (2,000) 6,850 6,850 1.436,101 g4gffi.K) C Martlew Treasurer to the Trust 0311012024
COURAGE DYER RECREATIONAL TRUST NOTES TO 2022123 ACCOUNTS 1. The Trust is 8 regist8r@d chAiity (no. 305361) 2. Income from investments has been induded on the basis of receipts rtrxived during the year. 3. Administrative expenditure covers the following items: 2021122 2022123 Administrative and accountsncy gupport services Audit fees 2,367 2,462 450 Bank charges 2,372 2,913 4. A schedule of grants paid in the year is attached. 5. The Trust held the following investments: Market Market value at value at 31.03.22 31.03.23 Charities Official Investment Fund - Investment income shares - Depostt fund 1,381.496 1.378.641 1,000 1.000 1,362,496 1,377,641 6. At 31 March 2023 offers of grant aid amounting to £42,155 to 8 organisations had been approved, but not yet paid Thesè will be d)8rged on the Trust fvnds in the next year provided the organisations meet the conditions for grant aid. C Martlew Treasurer to the Trust 0311012024
Grnnts pald In year (nots 41 Ref 526 530 anlsation Montefiore Institute lfielo tennis Club Totsl ald In •ar 10.000.00 10.000.00 20 000.00 Grants approvod ~ yet to be pakl Ref 499 anlsatk>n RLssper Village Hall - refurbishment of disabled toilets, application lo be resubmitted at meetin on 3" ¢Xober 2024 CravAey Bowls Club- worked carried out by CBC will be paid by intemal transfer in 2024-25 Crawle Hothe Club Doorsman Bowls Club Crawle Camera Club Three 8n(J es Foolbaii Club Rug rts Pavilion Broadfi8ld Commun Centre Totsl a roved et to bo 5,000 527 2.000 531 532 533 534 535 536 9,340 4,040 4,000 5,000 5,275 7,500
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report R•portto the InistO88 COURAGE DYER RECREATIONAL TRUST On accounts for tho year Qnded 31 March 2023 Charfty rbo Ilf any) 306361 Sot out on pag I report to the trustees on my examination of the accounts of the abo charity Ilhe Trust.) for the year ended 31.3.23 A5 the charity's trustees, you are responslblo for the prèparation of tho accnunts in a(xordance with the requirements of the Charities Act 2011 (Ihe Act.). I rw)rt in respect of my examination of the Trusfs aonIS caffied out under section 145 of the 2011 Act and in carrying out my examination, I have followed all Ihe appliGable Dir¢Gtion? given by the Chartty Commission under section 145{5){b) of the Act. Responslblljtles and basis of report Indopendent I have completed my exarnination. I confim that no Material matters have examlner's Ststsment rme to my attention in cnnneotion with the examination (other than that disdosed below ') which gi¥es me cause to believe that in, any material resFeCt." the a(untIng records w•r• not képt in 0rdne with section 130 of the Charities Ad.. or the accounts did not ac%ord with the accounling records,. or the a(Lounts did not comply with the applicable requirements conceming the fom and content of accounts set out in the Charities {A¢counts and Reports) Regulations 2008 other than any requirement that the aunt5 give a 'true and fail view which is not a matter considered as part of an independent examination. I have no COnm8 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 urKlerstanding ofthe accounts to be reached. ' Please (hlete the words in the brn¢kets if they do not apply. $19nod: 14.11.24 Nam•: Michael Platten CPFA Rel•vant professlonal qualfficatlon(s) or body {If any): FULL MEMBER CHARTERED INSTITLrrE PUBLIC FINANCE AND ACCOUNTANCY (CIPFA) Addro89: 6 Uplands Ro*l, Famham. Surrey GU9 8BP IER Oct 2018
Section B Disclosure Only complete rf the examiner needs to highlight matenal mattels of conGern (see CC32. Independent examination of charity ac£ounts: directions and guidan for examiners). Glve here brlef detalls of any ftèms that the examlner wishes to dlscloso. The Finanaal siatements nave ljeen prepared afier the ststutory deadline. The annual report. finAna81 statements and independent examinatbon certificate should have been lodged wtih the Charity Commission by 31 January 2024. The 8unts were n¢X sent to the Independent 8xaminer until 10 October 2024. IER Oet 2018