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 Tn￿t is cjo Democratic se￿1￿.
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 eStsbr￿hed 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 co￿allOr 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￿ C0￿clI
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 1rKleF￿ent 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 Tn￿teeS via email) and four grants totslling £19.012 were
approved. Allowing fof bme to Impl￿nt 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 Infia￿n, 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 refe￿1 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 ReCrea￿nal 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
prO￿SSed)
(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
c￿wIe
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 Ca￿led 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 prepar*ion 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 t￿MPleted 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 a￿oUnting 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 eXaMi￿r needs to h￿hlIght 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