Charity Registratioll 3081135 Comp*ny R¢gis¢rntion14th 010618611 (England •nd Wales) COOPER'S HILL RECREATIONAL TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 PAGES FOR FILING WITH REGISTRAR COOPER'S HILL RKCREATIONAL TRUST LIMITED LEGALAND ADMINtSTRATtVE INFORMATION Trn$t¢es IMBird L Tu￿r J T¢n¢oni S Emmett G Wil￿￿ Charlty number 308035 Compgny number 01061860 Prlneipal *ddress Hill L•n¢ En8lefield Gr¢en Surrey Great Britsin TW20 OJX R¢gist¢red office 2 Salisbury C105e Wokirtghaln Berkshire England RG414AJ Auditor D E Hunt¢r Limited 2 Salisbury Close Wokingham Berkshire En8land RG414AJ COOPER'S HILL RECREATIONAL TRUST LIMITED CONTENTS P*ge Trustees report Statement of financial tii#ivitie5 Balance sheet Notes to the financitti sttttrments COOPER'S HILL RECREATIONAL TRUST LIMITED TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YE4R ENDED 31 DECEMBER 2020 Th¢ trusiees presents it's re￿rt and financia] statements forth¢ year end￿ 31 D#ember 2020. Th¢ financial statements have been prerAred in a¢wrdanc¢ with the accou￿rtg policies set out in not¢ I to the financia] statements and comply with the eharity's tgoverning diKum¢ntl, th¢ Companies Act 2006 and"Accounting and Reporting by Charities.. Statement of R¢¢ommended Pra¢ti¢e applicable to clwitie5 preparin8 their ￿coUnts an accordan¢¢ with th¢ Financial Reporting Standard applicable tn the UK 8nd RepublTC of Ireland IFRS 102) (effective l January 2019)" Objectives and *ctivltles The Trust's objects are to provide or wist in providing facilities for reue4tion and other leisure time occupation in or in connection with the urban district of Egham and its neighlx)urtK)(yJ. The wlictes adopted in furtherdnee of these objects are to provide sports and rttreationa] facilities and there h&5 been rrt) chan8e in these durtng the yw. The trustees have paid du¢ regard to guidanct issued by the Charity Cornmis5ion in drfiding what activities the Charity should underrake. Achievements and perform*nee The COV1￿19 pandemic had a major imi*Lt on the 0￿ratIOn of th¢ thre¢ secliors of th¢ T￿￿t over the last financial D&sPite the wbaoks that the pandemic br(￿ght to the fimL*C41ing of Manorcroft Junior Football Club and Coopers Hill LTC both s¢ctions managed to succe&sfully steer through the im￿)Sed su¥*nsion of activitie5 and loss of Èncome aTtd pay their quarterly subscriptions. The f￿tball club h&$ been abl¢ io ¢onÈinu¢ io invesi in th¢ mainteJw¢¢ of the pit¢h¢s and the tennis club cattied out the planned ￿-surfacing of four of the tennis eourts with the financial assistance of the c￿perS Hill Recreational Trust. Both ¢lubs wntinue to have a hedthy membership and the h&8 Man￿ to maintain a secuJY finaKial position. Unfortunately St Jude'$ playe￿cOn¢0rde Pmdu¢ti￿s wcrr badly hit by the ststutory canctball and tennis club in th¢ fom) of Contributions towards the cost of pitch [nainten￿r￿ aThl (x)un Ttrsurfacing and the cost of the refurbishment of the Old Paviliorj the accounts a8ain show a l¢)ss although continue to mainthin a hea]thy cash r¢s¢The of £25.(M)O. This cash reserve enables the trus¢ inter ali4 to step in and support any of the Clubs OkKrnting on ihe land in the event that they run into unforese¢n financial difficulties on a short ternj b&sis in ternis on kttping the facilities open in th¢ fulfilment of the Coppets Hill Recreational Trust obje¢tiv¢s. As always, I would like lo thank the dire¢torgtrU￿ and ￿lon ftsr their time and hard wort( which has proved all the more diffi¢uh this year during pttndemic. l al￿ thank Marie jew1tt-wilker￿n for her continuing s¢tvi¢¢s as treasurer to the Tn￿L A5 uwal I confirni that no members Of￿ Thtst are remunLYa*& IW immateria] am(￿nts of administration expen are reimbursed. COOPER'S HILL RECREATIONAL TRUST LIMITED TRUSTEES REPOIU (COIYTIIYUEDMINCLUDING DIREcfoRS' REpoirr) FOR THE YE4R ENDED 31 DECEMBER 2020 Flnaneial review It is the policy of the charity th* utwestrictrd fun(Ls which have t*et) designataj for a specifi¢ us¢ should be maintained at a level efjuivalent io i*tween three and six month's exp&)diture. The tnjstees ¢OTtstder thai resejyes at this l¢v¢l will ensure that: in the event of a significant dr￿ in fundin& they will be able to eontinue the charity's Current #ctivilies while ¢onsideTation LS given to ways in whirh additional funds may b¢ raiwl. This level of reserves has ￿en maintai￿{ throughout the year. The trustees have assessed the rn#jor risks to which the charity as and Satisfi￿ that systems are in place to miti8ate exposure to the major risk& Structur< govern*Bee And mxDK¢ment The charity is a Comp￿Y limited by guarantee and not having a share capitsl. The members of th¢ trustres. WIK) are also the dirxlors forthe ￿p￿e of company law. and who served during the year and up to th¢ date of sigT*lure of financial ststements IMBird L Turner J T¢n¢oni S Emmett G Wilson The b08rd oftrustees ￿l¢W and seek new trustee MernE￿ Should the ne)J artse. each new tntstee is given specific guidance and traLIiITi8 by the board to ¢nable them to fdaTry Outtheir dutÈes with suffieient proficien¢y. Non¢ of the m¢mb¢rs of the tThstees has any beneficial interost in th¢ company. All of the me4nber5 of the trustee5 are members of th¢ ¢ompany and guarantee to contri￿* £1 in the event of & windin8 UP. Statemertt of trustees responsibilities The trustees, who are also the direetors of CooT*s Hill Reueational Trnst Limited for the purpose of company law. is responsible for pr¢paring the Trustees Rewrt and the financ1￿ st8￿Ments in accordance with appliLxble law 2nd Unit Kingdotn Accounting Standards (United Kingdom Generally Accept￿1 AL¥ounting Prai*ic¢). Company iAw requires the trustees to prepare financial stat¢ments for each financia] year which Eive a true and fair view of the state of affai]s of the charity and of the incoming resour¢¢s a￿1 application of resou￿ includin8 the tncom¢ and ex>*nditure. of the charitable company for that year. ln prq)aring these financial statem&￿% the tTWtees is require4J ￿. - select suitabl¢ accounting policies and then apply th¢m ¢onsistentiy: - ObS￿e the methods and principle5 in the Charities SORP. - make judgements and ekitnates that are r¢a8onabl¢ and pnth)L and - prepare the financial 5tat¢m¢nts on th¢ going concun basis unless it Is irwprKwriate to presume that the charity will continue in operaiion. The trusLees is rst ¢4)rEve￿tiOn. The prI￿1P￿] xcout)lin8 p>li¢ies adopted are set out Eclow. 1.2 Going concern At the time of approwng the fknancial the trustee5 has a reasonable exptttation that the ¢harity has adequate resources to conttnue in operationa] extsmce for the foreseethle fitture. Thus the trustees continu¢ to adopt the going concern basis of a¢¢ounting in preparing the financial statements. The COVID-19 pandemic not aff¢¢t¢d the Charith65 ability to filnction as a going ¢onctrn and has r￿cl¥ed Government grants during th¢ year. IJ Ch8fltabI¢ funds Unrestricied funds are available for use at the discrtion of the trustees in furthrnce of their charitable Obj￿lives. 1.4 Ineon]e Income is reco8nised wthet) the chatity is legally entitl￿ to it after any perforn?ance conditions have be￿ th¢ arnounts can be measured reliably. and it 15 probable that incom¢ will be re¢eived. C&sh donathons are rexognised on re£etpt. (khe¥ don*ions are tewgnised once the charity h&8 been notified of the donatiory unless perfomianee conditions requir¢ d¢ftrral of the amowK. Income tsx recovernble in relation to donations reeeived under Gift Aid or deeds of covenant is reeognised at th¢ tirn¢ of (k)n￿lI)n. L4aci¢s are recognised on re￿ipl cf othenyise if the Charity h*s beffl notifi￿{ of an Impe￿1]ng dtstribution, the amount is known, and rettipt is expectrd If the anM)uni is not knovffl. the le8acy 15 trcated &s a contingent &sseL 1.5 Expenditsre UnTestri¢ted aye available for use at the discrdion ofthetrwsteu in fvrthenn¢e of their charitable objectives. COOPER'S HILL RECREATIONAL TRUST LIMITED NOTES TO THE FIIYANCblL STATEMENTS (CONTINUED) FOR THE YEAR EIYDED 31 DECEMBER 2020 Aecountlng polleieg {Continu•J) .6 Tanulblt fixed &sstts Tan8ible fsxed assets are initially measured at cost and subso4u¢nt]y measuMI at ￿$t or vdu&tion, net of depreciation and any impaimient losse5. Depreciation is reCO￿lsed so 8$ to write off cost or vat￿¢10n of assets less their residual values over their usefjjl lives the following bases: Land and buildings Fixtures. fittings & equiprnart 2.5 to 50/0 straight line 25% straight line The gain or 105s arisin8 on the diswjsal of an 3ss¢t is ddermined as th¢ difference between the sale p￿￿ee&S and the Ixrrying value of the asseL and is reCo￿ls¢d in net incomeJ(extth4iture) for the year. 1.7 ItttpaRrmeDt of fiY¢d assets Ai each reporting end date. th¢ ¢harity Tevi¢ws the canying arnounts of its tangible ￿Sets to detennine whether there is any indication that those &￿ts have sufftred an impairnient loss. If any suth Indication exists, th¢ r￿0ver&b]e amourtt of the asset is ostimat￿ in orderto detemiine the extent of the impairment loss (if anyl 1.8 Cash and cash equi￿lents Cash and ¢￿h eouivo]ents inGlud¢ Lwh in hand. deTMisits held at wtth banks other short-temi lÉquid inv¢stm¢nts with ollgrinal maturities of three months or less, and bank overdraft* Bank overdrafts are shown within borrowKn8s in current liabiliti¢s. 1.9 FiDaDci*I iDStruments Th¢ Gharity has eleded to apply th¢ wovisions of Section I I 'Ba5ic FinarKiai Instruments, and Section 12 '0ther Finan¢ial Instruments Issue5, of FRS 102 to all of its finan¢ial instnune￿ts. Financial instrutneRts are recognise41 in the chaTity's bakance shed wlKn the dltirtty bcrA)mes party to the contractua] provisions of th¢ inStn￿enL Financial assets and liabilities are offseL with the net amounts presented in the ftnancial statan¢nts, when there is a legally enforceable right to set off the recogni5ed amounts and there is an intention to sett]e on a nd basis or to realis¢ the asset and settle the liability simultsneously. BaslcJ]ndneknI￿sets Basic financial assetg which include debtors and cash and bank balances. are initially rn￿urtd at tfdnsaction price including transaction costs ond are subsequently carrid at arnortised Cr￿ usin8 the effective interest method unless the arrangtment constituws a financing trnll5action. where the transaction is m¢asured at th¢ present va]ue of th¢ ture reee2pts discount¢d at a market r* of inter&sL Fllmncial ¢I￿lfi￿1 &s Tvxiv4bl¢ within one year ar¢ not amonise