COURAGE DYER RECREATIONAL TRUST AIINUAL REPORT FOR YEAR ENDED 31 MARCH 2024 The Courage Dyer Recroational Trust was constituted urKler a Schane approved by the Charity Commissioners in June 1986 and 18 a registered charity No. 305361. The address of the Tnt is cjo Democratic se1. Town Hall, The Boulevard. Crawley, West Sussex, RH10 1UZ, telephone 01293 438625. aim of the charity is the provlslon and rna1ntenan of faulrtw for recreation arKI other leisure time occupation for residents of the Borough of Crawley and the Parish of Rusper. The pemianent endowment of the Trust comprlses playing tskls at Langley Green, Crawley which are maintained under a Servi agreement by Crawley Borough Council and an Investrnent Fund created from the proceeds of the sale of recreational land prior to the fonnal establishment of the Trust. The income from the Invesbnent Fund (net of administrative and ground maintenance expenses) is appl in grant aid to local organisations and 0th8r groups who provide recreational and leisure opportunitses for residents of the Trusvs area of operation. The Trust was eStsbrhed with six trustees comprising of six nominative trustees, who hold office for a term of four years. No remuneration is paid to trustees. The Trustees that seNed during 2023124 are set belw. Councdlor Michael Councillor Sue Mullins CounGillor Sharmila Sivarajah WSC coallOr Brian Quinn } NominatNe } trustees of } Crawley } Borough Council MrPCath Mr Malcolrn Fillmore Mrs J Athy-smith Nominative tru*e of Crawley Arts Couniil Nominative trustee of Rusper Par C0clI The administration of the Tfust is undertaken by officers of Crawley BorotYJh Council for which a °related paty" charge ts made in the accounts. The Clerk to the Trustees is Mrs Hayley Thome (Members and Mayoral PA): the Treasurer to the Trust is Mrs Carolin Martknv. CPFA (Head of Corporate Finance). The Trust's accounts are subject to an 1rKleFent examination by Mike Platen of April Skns AccountirvJ.
Grant aid is generally made to assist groups to exparffl or improve th facilities andlor updating equipment. Each application for financial assistance is considered on its Merits in relation to the contribution the proposed proje can make to local recreational fraGilities and related services. N)plicants a normally expe(*ed to fund raise for at least 50% ol the project costs, to have funding in pla before grant payments are made and to complete projects within a year of approval. However, exceptions to these policies are considered where there is due reason such as the size of the organisation. No grants are made for consumable materials or for general running costs of organisations. During the year, the Trustees met on Or ¢)ccasion {0 additional grant was approved by the TnteeS via email) and four grants totslling £19.012 were approved. Allowing fof bme to Implnt projects, the actual value of grants paid out during the year was £48,946. OutstarKliThJ grant approvals total £12,000 for three organisations and this is expected to be paid in the comirrfj year. The majority of the Trusts fvnds ale hekl in an investment fund opeTated specfficalty for charities and designed for long tenn investment. It seeks to safeguard against the effects of Infian, and it mostly invested in equities. Smaller amounts are heSd in fixed interest ineom• shares and a deposit frjnd. Overall, £430,000 has been invested in these funds and their value, except for the deposit accounts, will vary friyn time to time depending on mathet condrtions. During 2023124 the value of fv investment increa8ed to £1.512.795 as at March 2024. This equated to a 9.81 % increase for the year. The Trust 18 not invofved in fund raising activty and apart fr(#n the prospect of lower investment returns in the future there are no major risks which require action by Trustees. The trustees confinn that have refe1 to the guidance contained in the Charity Commissions general guidance on public benefft when reviewing the Trust's aims and obiectives and in plannirKJ future activities and setting the grant makiThJ policy. ffl.L) H Thome Clerk to the Trustees C Martlew Treasurer to the Tntst Trustee of Courage Dyer ReCreanal Trust
COURAGE DYER RECREATIONAL TRUST ACCOUNTS FOR 2023124
COURAGE DYER RECREATIONAL TRUST RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 2022123 Unrestricted funds 2023124 Unrestrlcted funds RECEIPTS FROM INVESTMENT (Note 2) Bank Interest Chartties Official Investment Fund 267 40.146 40.413 975 42,042 43,017 PAYMENTS Administration (Note 3) Grounds Maintenance Grants Paid (Note 4) Purchase of fvrther CCLA Investments 2,913 5,858 20,000 80,000 108,771 48.946 48,946 (68,358) 129,718 61,360 Net receipts and payments Cash funds last year end Cash funds this year end (5,929) 61,360 55,431 gAgffl.K) C Martlew Treasurer to the Trust 0311012024
COURAGE DYER RECREATIONAL TRUST STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2024 31.03.23 Endowment Unrestricted funds funds 31.03.24 Endowment Unrestricted funds funds FIXED ASSETS 6,850 Land at Langley Green 6.850 INVESTMENTS (Note 5) 1,377,641 Charities Official Investment Fund 1,512,795 CURRENT ASSETS 61,360 Cash at Bank 55,431 CURRENT LIABILITIES (900) Creditors O Administration O Grounds Maintenance (2,000) Grant Approved (work carried out by CBC not yet prOSSed) (1.500) (2,627) (6,250) (2,000) 6,850 1,436,101 TOTAL NET ASSETS 6,850 1,555,849 C Martlew Treasurer to the Trust 0311012024
COURAGE DYER RECREATIONAL TRUST NOTES TO 2023124 ACCOUNTS 1. The Trust is a registered chanty (no. 305361) 2. Income from investments has been induded on the basis of receipts received during the year 3. Administrative expenditure covers the following items: 2022123 2023124 Administrative and accountancy support services Audrt fees Bank Charges 2,462 450 2,913 "Note.. Admin fees and Audit fees not yet paid. 4. A sthedule of grants paid in the year is attached 5. The Trust held the following investments: Market Market Value at value at 31.03.23 31.03.24 Charities Official Investment FurKI Investment income shares - Deposit fund 1,376,641 1,511,795 1,000 1,000 1.377,641 1.512,795 6. At 31 March 2024 offers of grant aid amounting to £12,000 to 3 organisations had been approved, but not yet paid. These will be charged on the Trust funds in the next year provided the organisation5 rtieet the conditions for grant aid. C Martlew Treasurer to the Trust 0311012024
Grants paid in year (note 4) Ref 540 538 539 536 535 533 537 531 540 anisation Downsman BNIS Club lfield Bam Theat 2nd lfield Scout Grou Broadfield Communi Rus r Parish Council Crawle Camera Club cwIe b Football Club Crawle Hocke Club Pound Hill Pounder 4,040.00 3.000.00 3,000.00 7,500.00 5.842.00 3,000.00 12,000.00 9.284.94 1.279.00 Total idin ear 48,945.94 Grants approved - yet to be paid Ref 499 534 527 anisation Rus r Villa e Hall Three Brid es Football Club Crawley Bowls Club - worked Caled out by CBC will be paid by intemal transfer in 2024-25 Total a roved et to be 5,000 5.000 2,000
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Reportto the trustees THE COURAGE-DYER RECREATIONAL TRUST On accounts for the year ended 31 March 2024 Charlty no (if any) 305361 Sot out on pages ¢7 I report to the trustees on my examination of the accounts of the above charity (Ihe Trust.) for the year ended 31.3.24 Responslbiltties and basis of report AS the chanty's trustees, you are responsible for the preparion of the accounts in accordance with the requirements of the Charities Act 2011 (Xhe Act.). I report in respect of my examinalion of the Trust's COUnt9 carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Direcb'ons given by the Charity Commission under section 145(5)(b) of the Act. Independent I have tMPleted my examination. I confirm that no material matters have examlnef s statement come to my attention in conneclion with the examination (other than that disdosed belcw ') which gives me cause to believe that in, any material respect: the accounting records were not kept in xcordance with section 130 of the Chaiities Act; or the a(xounts did not accord with the aoUnting records; or the accounts did not comply wrth the applicable requirements conceming the form and content of accounts set out in the Charlties (Accounts and Rep)rts) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and ha *ross no other rnatters in connection with the examination to whith attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Slgned: 20 Dece ber 24 Namo: ichael Platten CPFA Relevant professional qualification(s) or body (rfany): ULL MEMBER CHARTERED INSTITUTE PUBLIC FINANCE AND CCOUNTANCY (CIPFA) Address: Uplands Road, Famham, Surrey GU9 8BP IER Oct 2018
Section B Disclosure Only tx)mplete rf the eXaMir needs to hhlIght matenal matters of concem (see CC32, Independent examination of chafty a(xounts.' diiections and guidance for examiners). Give here brief detsils of any items that the examiner wishos to dlsclose. IER Oct 2018