THE CENTRAL SOCIAL & RECREATIONAL TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity No: 305982 THE CENTRAL SOCIAL & RECREATIONAL TRUST REPORT AND FINANCIAL STATEMENTS CONTENTS Page Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-17 THE CENTRAL SOCIAL & RECREATIONAL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statements of the Charity for Ihe year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the Charitls Trust Deed, the Charities Act 2011 and 'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102). leffeGlive 1 January 20191. OBJECTIVES AND ACTIVITIES The objects of the Charity- to improve the conditions of boy and gids in England under the age of 21 and of all other persons who by reason of their poverty would olheNise be unable to obtain facilities for recreational or other leisure time occupations., to provide facilities for recreational or other lelsure time occupalions for such persons in Ihe inlerests of social welfare and in particular to provido equipment or funding to be used for recrealional or other leisure lime occupations. The Charity carried oul the objectlV8s noted above through the award of grants to sporting bodies and organisalions which benefit young people. The grants were awarded lo help the various organisations to mainly acquire sporting equipment. GRANT MAKING POLICY Grants are awarded after submission of claim by the applicant to the Trustees. The Trustees review the application to judge if the grant falls within the Charity's objectives and whether the application meets ils requirements in terms of the benefits it gives young persons. Each applicalion is discussed, reviewed and decided upon by the Trustees at their regular meetings. For the year ended 31 March 2024, the Trustees have agreed that grants will be made mainly for the purchase of equipment, with preference given lo the following ihree categories.. 1) Glubslorganisations which are affilialed lo a National Governing bcKJy 2) new seNices that provide a social community fun¢lion. again that should be affiliated lo a Nalional Governillg body 31 grants generally will be no more than £1.500 allhough the Trustees will consider applications above Ihls figure in exceptional circumstances ACHIEVEMENTS AND PERFORMANCE During the year, th8 Charity made grant awards totalling £41.793 {2023 - £35.050). The grants were awarded to 46 {2023 - 37) organisations involved in sporting and youth aclivities. FINANCIAL REVIEW The surplus for the year amounted to £77.470 (2023 - deficil £109,747). The Trusl incurred a deficit of £26,922 {2023 - deficit £27,592) prior lo an inveslment gain arising on Ihe Charity's inveslmenl porlfolio tolalling £104,392 {2023 - deficit £82,155). Principal funding came from the investment income arising on the Charily's investment portfolio. Investmenl relLtrns increased from £24.077 in the year 31 March 2023 to £30,912 for the year ended 31 March 2024. 11 is the aim of the Trustees to maxitnise the levels of grants paid each year whilst maintaining the Trust's capital, Ihereby ensuring the availabilily of income in future years so Ihat grant giving may be maintained. There have been no major changes in the way the Charity has operated or its policy for carrying out its objeclives. The Charily is not relianl on the services of unpaid volunteers ordonalions in kind. THE CENTRAL SOCIAL & RECREATIONAL TRUST TRUSTEES, REPORT {Contld) FOR THE YEAR ENDED 31 MARCH 2024 REVIEW OF ACTIVITIES The Trust has continued lo operale in much of the same way as in previous years. The Trustees endeavour to manage the Charity so Ihal inveslmenl relurns are maximised lo enable the level of grants paid to be maintained. A total of 46 organisations have benefited in the year under review from granls, with the amounts given ranging from £300 to £2,000. Grants are primarily given for sporiing equipment or lo improve sporting facilities. PRINCIPAL FUNDING SOURCES The principal funding source of the Charity is growth and dividend income from the invesimenl portfolio. INVESTMENT POWERS AND POLICY The Trust Deed 8ulhorises the Trustees to make and hold investments using the general funds of the Charity. The Trustees have the power to invest in any way Ihat they see fil. It is the policy of the Trustees to hold inveslmenls at cu￿ent levels. The investment holdings are maintained through a portfolio of government bonds. Gorporale bonds, equities, property and other alternative investmenls, managed by a recognised investment manager. The portfolio is mainly low risk as the Trustees concentrate on a relalively secure income stream rather than capital growth. RESERVES POLICY At the balance sheet date, the Charily had retained unrestricted funds lolalling £1.222,236 (2023 - £1,144,766). It is th8 policy of the Trustees lo m8lTltain reserves al their current levels so that sufficienl investment incom8 may be derived in order lo finance the award of grants. Th& maintenance of such signific8nl reserves represents Ihe Trustees, aims of long term operations through the continued receipl of reasonable levels of investment income lo finance grant awards, whilsl maintaining a hedge againsl possible fulure decreases in the market value of investments. FUTURE PLANS AND DEVELOPMENTS The Trustees plan lo continue the Trust's activities so that it operates on a similar basis lo which il has operated lo this poinl. If income returns are maintained at similar levels to the current year, they p5an lo continue giviiig grants up lo the maximum level each year without eroding the Trust's capital and investment portfolio. Publlc Benefit statement In shaping our objectives for the period and ￿annIng our activities. the Truslees have considered the Charity Commission's guidance on public benefit. including the guidance 'public benefit= running a Gharily (PD21'. The achievements and activities above demonslrale the public benelil arising Ihrough the Charity's activities. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document The organisalion is a charitable Trust, establislied on 14th June 1962 and registered as a Charity with the Charity Commission. The organisation is governed by Trust Deed which sets oul the objectives and powers of the Charity and governs Ihe aclions of the Trustees. Recruitment and Appointment of Truslees The Trustees of the organisation are also Ihe Charily Trustees for the purposes of charity law. Thè Trust Deed stipulates that there shall not be less than three nor more Ihan four Trustees. The power lo appoint new Truslees rests with Boxing England. There is no sel lime limil for which a Trustee can act. Trustees have generally been nominated because of involvement in sporting activity organisations, assisting bodies which help Ihe young or disadvantaged, and their business acumen, thereby engendering an all roLJnd perspective and expertise helpful lo the Charity. THE CENTRAL SOCIAL & RECREATIONAL TRUST TRUSTEES, REPORT (Conud) FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued) Trustees Induction and Training The Truslees maintain a good working knowledge of charity law and best praclise by attendance al charity courses run by outside providers. New Truslees are given copies of the Trust Deed and copies of relevant Charily Commission Publications. Organisation The Board of Trustees. which comprises four members, administers the Charily. The Board meets three times a year lo review the affairs of Ihe Charily and to consider grant applications which are only paid to a beneficiary ijpon the approval of the Board. To facililale aclivilies, the Board have delegated certain minor powers lo the Secrelary (who is not a Trustee), who chiefly deals with correspnndence and day to day administrative affairs. All decisions relaling to strategy and policy are made by the Board of Truslees. Risk management The Trust8es have a risk management slralegy whl¢h comprises: an annual review ofthe risks the Charily may face- the eslablishmenl of systems and procedures lo mitigate those risks idenlified in the plan. implemenlalion of procedures designed lo minimise any potential impact on the Charity should those risks materialise. The review has identified on5y minor risks primarily relaling lo inveslm8nt exposure. Inveslment risk is minimised by the maintenance of a balanced porifolio in relalively low risk holdings. A key element in Ihe management of financial risk is the selting of a resetves policy and ils regular review by the Trustees. Relaled parties The Charlty does not have relalionships with related parties and olher charities and organisations with which il co-operates in pursuit of its charitable objeclives. REFERENCE AND ADMINISTRATIVE DETAILS Trustees: W H Robinson K A Walters D Chapple LLeo Secretary: Beverfey Gold Charity Number,. 305982 Principal Address: 93 Tabernade Slreet. London EC2A 4BA Independent Examiner: David Tery. Ramon Lee Ltd. 93 Tabernacle Street, London EC2A 4BA Bankers: Coutts & Co.. 440 Strand, London WC2R OQS Website: www.csrt.info THE CENTRAL SOCIAL & RECREATIONAL TRUST TRUSTEES, REPORT {ConUd) FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The Tiustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the Charity and of the inaoming resources and application of resources, including the income and expenditure for that period. In preparing these financial slatements, the Truslees are required to: seleGI suitable accounting policies and Ihen apply them consistently., observe the methods an(1 principles in Ihe charity's SORP- make judgements and estimates that are reasonable and prudent. slate whether applicable accounling standards have been followed, subject to any material d8partLtres disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the Charity will continue in business. The Truslees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financial position of the Charity and enabSe Ihem to ensure Ihat the financial statements comply with the Charities Act 2011, the Charity {Accounls and Reports) Regulalions 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taklng reasonable steps for the prevention and deteclion of fraud and other irregularities. The Trustees are responsible for Ihe maintenance and inlegrily of the Gharity and financial information included on the charitable company's websile. Legislalion in the United Kingdom governing the preparation and dissemination of financial slalements may differ from legislation in other jurisdictions. APPROVAL This report was approved by the Truslees on 15 May 2024 and signed on ils behalf. IN TRUSTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CENTRAL SOCIAL & RECREATIONAL TRUST I report to the Trustees on my examination of the financial statements of the above Charity l.the Trust.) for the year ended 31 March 2024. This report is made solely to the Charity's Trustees, as a body. in accordance wilh the Charities Act 2011. My work has been undertaken so that I might slale to the Charity's Truslees those matters l am required lo state to them in an independent examiner's report and for no other purpose. To the fullest extent permilted by law, I do not acGepl or assume respongibilily to anyone olher than the Charity and the Charilvs Trustees as a body, for my Independent Examination. for this report. or for the opinions I have formed. Responsibilities and basis of report As Ihe Charity's Trustees, you are responsible for the preparation of the financial stalements in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of Ihe Trust's financial slatements carried oul under section 145 of the 2011 AGt and in Garrying oul my examination. I have followed all the applicable Directions given by the Charity Commission under section 145{51(bl of the Act. Independent examiner's stalement Your attention is drawn to the fact that the Charity has prepared financial statements in accordance with Acoounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in preference to the Accounling and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulallons but has now been withdrawn. understand th81 this has been done in order for financial statements to provide a true and falr vlew in accordance wilh Generally Accepted Accounling Practice effective for reporting periods beginning on or after 1 January 2015. I have coTnpleled my examination. I confirm that no materi81 mallers have come lo my allenlion in connection with Ihe examination which gives me cause to believe thal in. any material respect: the accounting records were not kept in accordance wilh sectlon 130 of the Charities Act., or the fin8ncial statements did not accord wilh the accounting records- or the financial slatemenls did not comply with Ihe applicable requirements concerning the form and content of financial slalemenls sel out in Ihe Charities {Accounts and Reports) Reg ulalions 2008 olher than any r8quiremenl that the financial statements give a 'true and fair, view which is not a maller considered as part of an independenl examination. I have no concerns and have come across no olher malters in connection with the examinalion to which allention shoLild be drawn in this report in order to enable a proper understanding of Ihe financial statements lo be reached. D TERRY- Chartered Accountant RAMON LEE LTD 93 TABERNACLE STREET LONDON EC2A 4BA 15 May 2024 THE CENTRAL SOCIAL & RECREATIONAL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 UNRESTRICTED FUNDS 2024 Notes 2023 Income Investment income 30,912 24,077 Total Sncome 30,912 24,077 Expenditure Cost of raising funds Expenditure on charitable aclivities 6,328 51,506 6,920 44,749 Total expenditure 57,834 51,669 Net Incomel{expenditure) and net movement in funds before gains and losses on investments {26,922) (27,592) Net gainsl{lossesl on investment 104,392 {82,155) Net movement in funds 77,470 {109,747) Reconciliation of funds Total funds broughl fowdrd 1.144,766 1.254.513 Total funds carried forward 1,222,236 1,144,766 CONTINUING OPERATIONS None of the Charity's activities were acquired or discontinued during the above two financial periods. TOTAL RECOGNISED GAINS AND LOSSES The Charity has no recognised gains or losses other than the above movements in funds during Ihe above two financial periods. The notes on pages 9 to 17 form part of these financial slalements THE CENTRAL SOCIAL & RECREATIONAL TRUST BALANCE SHEET AS AT 31 MARCH 2024 Notes 2024 2023 Fixed assets Investments 1,184.195 1.140,831 1.184,195 1,140.831 Current assets Cash al bank and in hand 43,601 8,855 Liabilities Credilors falling due within one year 10 5,560 4.920 Net Current assets 38,041 3.935 Net assets 1,222,236 1,144,766 The funds of the charity Unreslricled funds 1,222.236 1,144,766 Total charity funds 1.222,236 1,144,766 These financial statements were approved by the Trustees on 15 May 2024 and were signed on their behalf by.. W H ROBINSON K A WALTERS The notes on pages g to 17 form part of these financial statements THE CENTRAL SOCIAL & RECREATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance wilh the Charity's gov8ming document, tha Charities Act 2011, FRS 102 'The Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland. (°FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Stalemenl of Recommended Practice applicable to charilies preparing their accounls in accordancè with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effeclive 1 January 2019), The Trust constitutes a public benefit enlity as defined by FRS 102. The financial slatemenls have deparied from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than thÈ version of the Stalemènl of ReGornmende.d Prac.lice, which is referred lo in Ihe Regulations, bul which has since been wilhdrawn. The financial slatements are prepared in sterling. which is the functional currency of Ihe Charity. Monetary amounts in these financial slatemenls are rounded lo the nearest £. The financial statements have been prepared under Ihe hislorical cosl convention. The principal accountin9 policies adopted are set oul bebw. 1.2 Preparation of financial statements on a going concern basis The Ch8rily's financial statemenls show nel surplus of £77,470 (2023- nel deficit £109.747) for the year and free reserves of £1,222,236 (2023 - £1,144,766). The Trustees are of the view that these results have secured th8 immediate future of the Charity for the next 12 to 18 months and on this basis the Charity is 8 going concern, 1.3 Income Income is recognised when the Charity has enlitlement lo Ihe funds, 8ny performance conditions 8118ched lo the item(sl of income have been mel, il is probable Ihat the income will be received and amount can be measured reliably. Investment income is included when receivable. 1.4 Expenditure recognition and irrecoverable VAT Expenditure is recognised once there is a legal or conslruclive obligation to make a payment lo a third party, it is probable Ihal settlement will be required and thè amount of th8 obligation can b8 measured reliably. Expendilure is classified under the following activity headings: {a) Cost of raising funds consisls of inveslmenl managemenl Gosls and Iheir associated support costs. (b) Expenditure on charilable activities comprises the making of granls and th& associated support cosls. Grants are recognised as a cost when the Board of Trustees approve the grants. Irrecoverabl& VAT is charged as a cost against the aclimly for which the expenditure was incurred. 1.5 Allocation of sUPPOrt costs Support costs are those funclions Ihat assist the work of the Ch3rity bul do not directly undertake charitable activities. Support cosls include back office costs, finan￿ personnel and governance costs which support the Trust's programmes and activilies. These costs have been allocaled between cosl of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set oul in note 4. THE CENTRAL SOCIAL & RECREATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS (Convd) FOR THE YEAR ENDED 31 MARCH 2024 1.6 Funds structure Unrestricted funds are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets al market value. 1.7 Investments Investments comprise assels held to generate fulure income. All investment assets are shown on the balance sheet at market value at the balance sheet dale. The market value has been determined by the Independent Investmenl Portfolio Manager. The slatemenl of financial aclivilies includes the net gains and losses arising on revaluation and disposals throughout the year. The Charity does not acquire pul options, derivalives or other complex financial instruments. The main form of financial risk faced by the Charity is that of volatility in equity markets and investment markets due to wider economic conditions, the altitude of investors to investment risk, and changes in sentiment concerning equities and wilhin particular sectors or sub seclors. 1.8 Reallsed l unrealised gains and losses All gains and losses are taken to the Statement of Financial Aclivilies as Ihey arise. Realised gains and losses on investments are calculated as the difference between sal8s proceeds and their opening carrying value or their purchase value if acquired subsequenl lo the first day of the financial year. Unrealised gains and losses are calculated as the difference belween the fair value al the year end and Iheir carrying value. Realised and unrealised investment gains and losses are combined in the Slalement of Financial Activities. 1.9 Debtors Trade and other debtors are recognised at th8 setllemenl amount due afler any trade discount offered. Prepaymenls are valued al the amount prepaid nel of any trade discounls due. 1.10 Cash at bank and in hand Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-lerm liquid inveslmenls with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabililies. 1.11 Creditors and provisions Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the Iransfer of funds to a third p3rty and Ihe amount due to settle the obligation can be measured or eslimated reliably. Creditors and provisions are nomally recognised at their settlement amounl after allowing for any trade discounls due. 1.12 Financial instruments Tho Charity has elecled to apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset. wtth the net amounts presented in the financial statements, when there 15 a legally enforceable right to set off the recognised amounts and there is an inlention to sellle on a net basis or lo realise Ihe asset and settle the liability simulianeously. THE CENTRAL SOCIAL & RECREATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS (Contld) FOR THE YEAR ENDED 31 MARCH 2024 Basic financial assets Basic financial assels, which include debtors and cash and bank balances, are initially measured al transaction price including Iransaction costs and are subsequently carried al amortised cost using the effective interest method unless Ihe arrangement constitutes a financing transaction, where the transaclion is measured at the present value of the fulure receipts discounted at a mart(el rate of interest. Financial assets classified as receivable within one year are not amortised. Basic f inancial liabilities Basic financial liabililies, including credilors and bank loans are initially recognised at transaction price unless the arrangement conslitules a financing Iransaclion. where the debt instrument is measured al the present value of the future payments discounted at a market rale of interesl. Financial liabilities classified as payable wilhin one year are not amortisad. Debl instruments are subsequenlly carried at 8morlised Gosl. using ihe effective interest rate m81hod. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabililies if payment is due within one year or less. If nol. Ihey are presented as non-currenl liabilities. Trade credilors are recognised inilially al transaction price and subsequently measured at amortised cost using Ihe effeclive interest method. Derecognition of finan¢121 Ilabilities Financial liabilities are derecognised when the Charily's contradual obligations expire or are discharged or cancelled, 1.13 Judgement and key sources of estimation uncertalnty In the application of the Charity's accounting policies, the Charity is required to make ludgments, estima18S and assumptions aboul the carrying amounl of assets and liabilities thal are not readily apparent from other sources. The estimates and assoGiated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from Ihese estimates. The estimates and underlying assumplions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate Is revised where the revision affects only that P8riod, or in the period of the revision and future periods where the revision affecls both current and future periods. 1.14 Taxation The Charity is exempl from lax on ils charitable activities. 1.15 Cash flow statement The Charity qualifies as a small charity and advantage has been taken of the exemption provided by SORP (FRS 1021 as amended by Bulletin 1. not to prepare a cash flow slalemenl. INVESTMENT INCOME Unrestricted Fund5 Total 2024 Total 2023 Dividends - equities Interest on cash deposits 30.395 517 30,395 517 23.395 682 30,912 30.912 24,077 The investment income in 2023 totalling £24,077 was atlributed to unrestricted funds. 11 THE CENTRAL SOCIAL & RECREATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS (Contld) FOR THE YEAR ENDED 31 MARCH 2024 EXPENDITURE ON CHARITABLE ACTIVITIES Raising Funds Grants Total 2024 Total 2023 Grants (Note 5) Investment management fees Support costs {Nole 4) Governance costs (Note 4) 41,793 41.793 6.328 4,834 4,879 35,050 6,920 5,060 4,639 6.328 4,834 4,879 6.328 51.506 57.834 The lotal expenditure in 2024 of £57.834 (2023- £51,669) was charged to unrestricted funds. ANALYSIS OF SUPPORT AND GOVENANCE COSTS The Charity initially identifies the cA)sls of its supporl funGlions. 11 then identifies those costs which relate to the governance function. Governance costs and other support cosls are apportioned separately between Charity's key activities undertaken (see note 3) in the year. All the general support and govemance costs have been apportioned lo the various charilable activities on the basis of usage. General Governance Support Total 2024 Total 2023 Costs Administrative assistance Computer support & IT maintenance Trustee's insurance Independent examiner's fees 4,500 334 4,500 334 319 4,560 4,500 560 319 4,320 319 4,560 4.834 4.879 9,713 9,699 12 THE CENTRAL SOCIAL & RECREATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS {Contld) FOR THE YEAR ENDED 31 MARCH 2024 GRANTS PAYABLE During the year grants were d)arged lo Ihe Slalemenl of Financial Activities for the f￿10th￿ng organisations. Recipient of Inslitutlonal Grants 2024 Foundation lor Good Barnslaple Amateur BO￿ng Club Walkden Amateur Boxing Club STMA Academy London Military Boxing Club MaNels Lane Amateur Boxing Club Base Boxlng Arena Boxing Club Hull Dockers RLFC Ockbrook and Borrowash Lawn Tennis Club Bolton Melro Swim Squad Klngs Churches Marshes Esludianles CIC Pelerlee Town FC Telscombe Raiders FC Abbey Hullon Unilod FC South Shields Cricket Club Pelerborough Town Cricket Club Ipswich Boxing Club Ashfield Schwl of Boxing Old Swan Amateur Boxing Club Wilters Boxing Club Aldercar and Langley Mill Amateur Boxing Club Easlbourne Boxing Club Maleslic Boxing AcaderFJy BOXHIIT Amateur Boxing Club Allleborough Boxing Club University of Coventry Amateur Boxing Club A.P.E Project CIC The Jewels Dance Academy CIC Alherlon Cricket Club Limited Worthing Table Tennis Club Coundon Court Football Club Westclrfte Warriors Prescol C8bles Junior Foolball Club 353 977 812 420 1.050 1,042 974 889 1,000 1.044 910 961 1.000 1.059 1.109 1,133 1,000 1,275 960 soo 937 1.026 975 1,015 973 1.038 995 996 627 334 500 500 559 440 666 Trojan ABC Northem Powerhouse Boxing Academy East Durham Boxing Club Priory Park ABC Solihul Communily Boxin9 Club Carls BO￿ng Stable Halifax Wheelchair Rugby League Carried lo￿ard 1.056 1.000 985 1,000 1,500 1,158 1.000 37,749 13 THE CENTRAL SOCIAL & RECREATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS (Contld) FOR THE YEAR ENDED 31 MARCH 2024 GRANTS PAYABLE {Continued) Broughl forward Barton United Foolball Club And Fitness for all CIC Bishop's Stortford Youth Project Buxlon Cricket Club 37,749 924 500 1.000 1,620 41,793 Total grants Grants Payable- Previous Year Recipient of Institutional Granls 2023 Player Centric Ballersea Boxing Club 1st Whilegale Scout Group Lynn ABC RG4 FC Britania Boxing Club Galor ABC Birlley Town Juniors FC Burntwood Plalinum ABC Little Oakley Boxing Club Lancashire School of Boxing ABC Reddilch United Juniors Westre8 ABC Sheffield Uniled Junior Blades 1981 Birmingham Impact FC CIC Altiincham Table Tennis Social Group Holmlirth Cyickel Club Bridoefield Water Polo Club Honour & Glory Healthy Mind Lld. Billon Hall ABC Purple Gecko Youlh Queensbury ABC Norih London Sports Academy Treasure Sports Club Odyssey ABC Grey Ranks ABC Ha￿eY ABC Harrogate Rugby Club Belvidere Centre Sporting Weslon Football Club Rykneld B0￿Ing Club Limiled Willesden and Brenl Chess Club Rugby Borough Junior Football Club Bradford Sports Cenlral CIC Bradford Central FC London APSA FC Beeston Juniors FC Giants wlhdrawn 1,961 1.644 1,570 1,548 1,477 1,485 1,157 1,129 1,018 1,014 1.014 1,005 1,000 1,000 1,000 1,000 1,000 1,000 1,000 996 991 986 969 935 882 879 785 726 720 652 568 581 505 500 500 486 600 (1,230) Total grants 14 THE CENTRAL SOCIAL & RECREATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS (Contld) FOR THE YEAR ENDED 31 MARCH 2024 GAINS I {LOSSES) ON INVESTMENT ASSETS Unrestrlcted Funds Total 2024 Total 2023 Realised gainsl{losses) on sales Unrealised gainsl(losses) on year end valuation 24,750 79,642 24,750 79,642 <135.874) 53,719 104,392 104,392 82,155 NET INCOMEI