COURAGE DYER RECREATIONAL TRUST
ANNUAL REPORT FOR YEAR ENDED 31 MARCH 2025
The Courage Dyer Recreational Trust was constituted under a scheme approved by the Charity Commissioners in June 1986 and is a registered charity No. 305361. The address of the Trust is c/o Democratic Services, Town Hall, The Boulevard, Crawley, West Sussex, RH10 1UZ, democratic.services@crawley.gov.uk
The aim of the charity is the provision and maintenance of facilities for recreation and other leisure time occupation for residents of the Borough of Crawley and the Parish of Rusper. The permanent endowment of the Trust comprises playing fields at Langley Green, Crawley which are maintained under a service agreement by Crawley Borough Council and an Investment Fund created from the proceeds of the sale of recreational land prior to the formal establishment of the Trust. The income from the Investment Fund (net of administrative and ground maintenance expenses) is applied in grant aid to local organisations and other groups who provide recreational and leisure opportunities for residents of the Trust’s area of operation.
The Trust was established 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 served during 2024/25 are set out below:
| Councillor Michael Jones | } Nominative |
|---|---|
| Councillor Sue Mullins | } trustees of |
| Councillor Sharmila Sivarajah | } Crawley |
| WSCC Councillor Brian Quinn | } Borough Council |
| Mr Paul Castle | Nominative trustee - Crawley Arts Council |
| Mr Malcolm Fillmore | Nominative trustee - Rusper Parish Council |
| Mrs Juliette Aubrey-Smith | Nominative trustee - Sports |
The administration of the Trust is undertaken by officers of Crawley Borough Council for which a “related party” charge is made in the accounts. The Clerk to the Trustees is Miss Heather Girling (Democratic Services Officer); the Treasurer to the Trust is Mrs Carolin Martlew, CPFA (Head of Corporate Finance). The Trust’s accounts are subject to an independent examination by Mike Platten of April Skies Accounting.
Grant aid is generally made to assist groups to expand or improve their facilities and/or updating equipment. Each application for financial assistance is considered on its merits in relation to the contribution the proposed project can make to local recreational facilities and related services. Applicants are normally expected to fund raise for at least 50% of the project costs, to have funding in place 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, £31,580 worth of grants were awarded to six organisations. Allowing for time to implement projects, the actual value of grants paid out during the year was £20,889.93. Outstanding grants yet to be paid total £15,177 for two organisations and this is expected to be paid in the coming year.
The majority of the Trusts funds are held in an investment fund operated specifically for charities and designed for long term investment. It seeks to safeguard against the effects of inflation, and it mostly invested in equities. Smaller amounts are held in fixed interest income shares and a deposit fund. Overall, £430,000 has been invested in these funds and their value, except for the deposit accounts, will vary from time to time depending on market conditions. During 2024/25 the value of the investment decreased to £1,447,705 as at March 2024. This equated to a 4.3% decrease for the year.
The Trust is not involved in fund raising activity and apart from the prospect of lower investment returns in the future there are no major risks which require action by Trustees.
The trustees confirm that they have referred to the guidance contained in the Charity Commissions general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities and setting the grant making policy.
Grants Approved - Breakdown
| Reference | Organisation Name | Grant Approved |
|---|---|---|
| 541 | The POSH Club | £5,177 |
| 542 | CrawleyFilm Initiative | £4,664 |
| 543 | Rusper Tennis Club | £4,050 |
| 544 | Ifield MayFayre | £2,689 |
| 545 | Rusper Village Hall | £10,000 |
| 546 | Cricket Club | £5,000 |
| TOTAL: | £31,580 | |
| C Martlew | ||
| Clerk to the Trustees | Treasurer to the Trust |
H Girling Clerk to the Trustees
Trustee of Courage Dyer Recreational Trust
COURAGE DYER RECREATIONAL TRUST
ACCOUNTS FOR 2024/25
COURAGE DYER RECREATIONAL TRUST
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
| 2023/24 Unrestricted funds £ |
2024/25 Unrestricted funds £ |
|
|---|---|---|
| RECEIPTS FROM INVESTMENT (Note 2) 975 Bank Interest 42,042 Charities Official Investment Fund |
RECEIPTS FROM INVESTMENT (Note 2) 975 Bank Interest 42,042 Charities Official Investment Fund 43,017 PAYMENTS 0 Administration (Note 3) 0 Grounds Maintenance Grants Paid (Note 4) Crawley Bowls Club (work carried out by CBC) Audit Fees (Note 3) Purchase of further CCLA Investments 48,946 Net receipts and payments 61,360 Cash funds last year end 55,431 Cash funds this year end |
1,360 42,872 |
| 43,017 | 44,232 | |
| PAYMENTS 0 Administration (Note 3) 0 Grounds Maintenance 48,946 0 0 |
3,153 7,500 20,890 2,400 1,500 0 |
|
| 48,946 | 35,443 | |
| (5,929) | 8,789 | |
| 61,360 Cash funds last year end | 55,431 | |
| 55,431 Cash funds this year end | 64,220 |
C Martlew
Treasurer to the Trust Trustee of Courage Dyer Recreational Trust 05/09/2025
1
COURAGE DYER RECREATIONAL TRUST
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2025
| 31.03.24 | 31.03.24 | 31.03.25 | 31.03.25 | ||
|---|---|---|---|---|---|
| Endowment | Unrestricted | Endowment | Unrestricted | ||
| funds | funds | funds | funds | ||
| £ | £ | £ | £ | ||
| FIXED ASSETS | |||||
| 6,850 | 6,850 | Land at Langley | 6,850 | ||
| Green | |||||
| INVESTMENTS | |||||
| (Note 5) | |||||
| 1,512,795 Charities Official | 1,512,795 Charities Official | 1,447,705 | |||
| Investment Fund | |||||
| CURRENT | CURRENT | ||||
| ASSETS | |||||
| 55,431 Cash at Bank |
55,431 Cash at Bank |
64,220 | |||
CURRENT |
CURRENT |
||||
| LIABILITIES | |||||
| (1,500) Creditors | (1,500) Creditors | 0 | |||
| (2,627) Administration | (2,627) Administration | (3,237) | |||
| (6,250) Grounds | (6,250) Grounds | (8,155) | |||
| Maintenance | |||||
| (2,000) Grant Approved | (2,000) Grant Approved | 0 | |||
| (work carried | |||||
| out by CBC not | |||||
| yet processed) | |||||
| 6,850 | 1,555,849 TOTAL NET | 1,555,849 TOTAL NET | 6,850 | 1,500,533 | |
| ASSETS |
C Martlew
Treasurer to the Trust Trustee of Courage Dyer Recreational Trust 05/09/2025
2
COURAGE DYER RECREATIONAL TRUST
NOTES TO 2024/25 ACCOUNTS
-
The Trust is a registered charity (no. 305361)
-
Income from investments has been included on the basis of receipts received during the year
-
Administrative expenditure covers the following items:
| 2023/24 | 2024/25 | |
|---|---|---|
| £ | £ | |
| Administrative and accountancy support services | 0 | 3,153 |
| Audit fees | 0 | 1,500 |
| Bank charges | 0 | 1 |
| 0 | 4,654 |
1.) Admin and audit fees not yet paid for 24/25.
2.) £3,153 admin fees are applicable to 23/24
3.) £1,500 audit fees are applicable to 22/23 and 23/24
-
A schedule of grants paid in the year is attached
-
The Trust held the following investments:
| Market value | Market value | |
|---|---|---|
| at 31.03.24 | at 31.03.25 | |
| £ | £ | |
| Charities Official Investment Fund | ||
| - Investment income shares | 1,511,795 | 1,446,705 |
| - Deposit fund | 1,000 | 1,000 |
| 1,512,795 | 1,447,705 |
- At 31 March 2025 offers of grant aid amounting to £15,177 to 2 organisations had been approved but not yet paid. These will be charged on the Trust funds in the next year provided the organisations meet the conditions for grant aid.
C Martlew Treasurer to the Trust Trustee of Courage Dyer Recreational Trust 05/09/2025
3
Grants paid in year (note 4)
| Ref | Organisation | £ |
|---|---|---|
| 534 | Three Bridges Football | 5,000.00 |
| 542 | CrawleyFilm Initiative | 4,664.00 |
| 543 | Rusper Tennis Club | 3,550.00 |
| 544 | Ifield MayFayre | 2,675.93 |
| 546 | Cricket Club | 5,000.00 |
| Totalpaid inyear | 20,889.93 |
Grants approved – yet to be paid
| Ref | Organisation | £ |
|---|---|---|
| 541 | The POSH Club | 5,177 |
| 545 | Rusper Village Hall | 10,000 |
| Total approvedyet to bepaid | 15,177 |
4
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees | Charity Name THE COURAGE-DYER RECREATIONAL TRUST |
|---|---|
| On accounts for the year | 31 March 2025 Charity no 305361 |
| ended | (if any) |
| Set out on pages | 4-7 |
| (rem7-8ember to include the page numbers of additional sheets) | |
| I report to the trustees on my examination of the accounts of the above | |
| charity (“the Trust”) for the year ended31.3.25 | |
| Responsibilities and | As the charity's trustees, you are responsible for the preparation of the |
| basis of report | accounts in accordance with the requirements of the Charities Act 2011 |
| (“the Act”). | |
| I report in respect of my examination of the Trust’s accounts carried out | |
| under section 145 of the 2011 Act and in carrying out my examination, I | |
| have followed all the applicable Directions given by the Charity Commission | |
| under section 145(5)(b) of the Act. |
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns 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 understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed: Date: 27 October 2025 Name: Michael Platten CPFA Relevant professional FULL MEMBER CHARTERED INSTITUTE PUBLIC FINANCE AND qualification(s) or body ACCOUNTANCY (CIPFA) (if any): Address: 6 Uplands Road, Farnham, Surrey GU9 8BP
Oct 2018
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of None any items that the examiner wishes to disclose .
Oct 2018
2
IER