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 (
CraW￿Y 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 reCreat￿nal and leisure
opportunrtfft for residerts of ttr￿ Trt￿l's ai•a of operation.
The Tntst wa8 established with six tfustees Gomprisir¥J of six n￿ninallY6
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
ct￿n(￿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 R￿Per 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 gr￿pS 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 Organisat￿n.
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 rna￿7ty 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, eX￿pt 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 a￿o￿nIS 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 r￿me 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 ￿0rd￿ne￿ 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 a￿unt5 give a 'true and fail view which is not a matter
considered as part of an independent examination.
I have no COn￿m8 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 8￿￿unts were n¢X sent to the Independent 8xaminer until 10 October
2024.
IER
Oet 2018