Recreational trust registration number: 503628
Sutton Coldfield Recreational Trust
Annual Report and Financial Statements
for the Year Ended 30 June 2025
Bissell & Brown Midlands Limited Chartered Certified Accountants Charter House 56 High Street Sutton Coldfield West Midlands B72 1UJ
Sutton Coldfield Recreational Trust
Contents (continued)
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|---|---|---|---|---|---|---|
|Reference|and Administrative|Details|1|
|Trustees'|Report|2|
|Statement|of Trustees’|Responsibilities|3|
|Chairman's|Report|4|
|Independent Examiner's|Report|5|
|Statement|of Financial|Activities|6|
|Balance|Sheet|7|
|Notes|to|the Financial|Statements|8|to|17|
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Sutton Coldfield Recreational Trust
Reference and Administrative Details
Trustees
T A Jones
S R Hampson D G Fletcher
Recreational trust Registration 503628 Number
Principal Office
Independent Examiner
The Roger Smoldon Ground 160 Walmley Road Sutton Coldfield West Midlands B76 2QA
Bissell & Brown Midlands Limited Chartered Certified Accountants Charter House 56 High Street Sutton Coldfield West Midlands B72 1UJ
Page 1
Sutton Coldfield Recreational Trust
Trustees’ Report
The trustees present the annual report together with the financial statements of the recreational trust for the year ended 30 June 2025.
Objectives and activities
Objectives, strategies and activities
The Trust operates recreational facilities from its base in Walmley Road, Sutton Coldfield. Its main source of income is the takings it receives over the bar, where it sells alcoholic and non-alcoholic drinks, along with a few food items.
Its other sources of income are from constitutional clubs and the rental of rooms and pitch hire.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
The annual report was approved by the trustees ofthe recreational trust on 28 April 2026 and signed on its behalf by:
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T A Jones
Trustee
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Page 2
Sutton Coldfield Recreational Trust
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the recreational trust and of the incoming resources and application of resources of the recreational trust for that period. In preparing these financial statements, the trustees are required to:
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¢ select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the recreational trust will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the recreational trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the recreational trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the recreational trust's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved bythe trustees of the recreational trust on 28 April 2026 and signed on its behalf by:
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A
V
W
{
TA Jones
Trustee
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Page 3
Sutton Coldfield Recreational Trust
Chairman’s Report for period July 2024 to June 2025
Membership across both Constituent and Associated Clubs has remained stable despite attempts by all parties to increase interest and involvement in their respective activities. The operating costs of maintaining facilities for community use remains a challenge. The Trust is financially sound but accepts that future budgets must factor m the need to maintain a “sinking” fund to deal with unexpected maintenance costs.
An increase in non-sporting outdoor events is proving financially beneficial as a means of funding site maintenance, but such an approach has to consider the importance of those facilities to the Constituent and Associated Clubs. The use of Trust facilities by local community groups grows slowly in the face of competition from other local clubs and hospitality establishments.
The plan to improve community facilities as an extension to the Clubhouse are on hold as it may duplicate the Wellbeing Centre when it becomes a reality.
Rugby football continues to be the main sporting activity followed by tennis and archery. Interest shown last year by both a Netball Club and a local Cricket Club in developing facilities on Trust maintained land have not materialised. Interest in installing some Padel courts shows potential.
The prospect of developing a community centre on land shortly to be made available to the Trust by Birmingham City Council remains active with a promise of some movement as soon as the land becomes available.
The competitiveness of the Trust’s hospitality element (The Trust Club) is benefitting from the refurbishment of facilities last year and the appointment of a salaried Manager rather than the original casual appointment.
Reviewing Health and Safety regulations and Employment Law remain a constant challenge and the Trust has to use professionals to ensure that the Trust applies a duty of care to all site users and employees.
Next year the Trustees intend to investigate the merits of converting from a Charitable Trust to a Charitable Incorporated Organisation as it may interact more effectively with the proposed Wellbeing Centre.
We are convinced that the policy of providing a more diverse and inclusive range of activities and interaction with local community groups and schools will strengthen our position going forward.
Chairmar, Sutton Coldfield Recreational Trust
28 April 2026
Page 4
,
Sutton Coldfield Recreational Trust
Independent Examiner's Report to the trustees of Sutton Coldfield Recreational Trust
I report to the trustees on my examination of the accounts of Sutton Coldfield Recreational Trust for the year ended 30 June 2025.
Responsibilities and basis of report
As the recreational trust trustees of Sutton Coldfield Recreational Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Sutton Coldfield Recreational 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 examiner’s statement
Since Sutton Coldfield Recreational Trust's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because ] am a member of Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Sutton Coldfield Recreational Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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.
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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.
John James Taheny FCCA“by Hh
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Chartered Certified Accountants Association of Chartered Certified Accountants
Charter House
56 High Street Sutton Coldfield West Midlands B72 1UJ
28 April 2026
Page 5
Sutton Coldfield Recreational Trust
Statement of Financial Activities for the Year Ended 30 June 2025
| Total | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2025 | ||
| Note | £ | £ | £ | |
| Income and Endowments from: | ||||
| Donations and legacies | 2 | 101,399 | 12,757 | 114,156 |
| Othertrading activities | 3 | 147,617 | - | 147,617 |
| Investment income | 4 | 880 | - | 880 |
| Otherincome | 5 | 60,892 | - | 60,892 |
| Total income | 310,788 | 12,757 | 323,545 | |
| Expenditure on: | ||||
| Raising fands | (13) | - | (3) | |
| Charitable activities | (290,406) | (15,448) | (305,854) | |
| Total expenditure | (290,419) | (15,448) | (305,867) | |
| Net income/(expenditure) | 20,369 | (2,691) | 17,678 | |
| Netmovement in funds | 20,369 | (2,691) | 17,678 | |
| Reconciliation offunds | ||||
| Totalfunds brought forward | 719,433 | 11,947 | 731,380 | |
| Total funds carried forward | 18 | 739,802 | 9,256 | 749,058 |
| Unrestricted | Restricted | Total | ||
| funds | fands | 2024 | ||
| Note | £ | £ | £ | |
| Income and Endowments from: | ||||
| Donations and legacies | 2 | 78,061 | - | 78,061 |
| Other trading activities | 117,509 | - | 117,509 | |
| Investment income | 4 | 1,185 | - | 1,185 |
| Otherincome | 5 | 47,263 | - | 47,263 |
| Total income | 244,018 | - | 244,018 | |
| Expenditure on: | ||||
| Charitable activities | (267,936) | (5,722) | (273,658) | |
| Total expenditure | (267,936) | (5,722) | (273,658) | |
| Netexpenditure | (23,918) | (5,722) | (29,640) | |
| Netmovement infunds | (23,918) | (5,722) | (29,640) | |
| Reconciliation offunds | ||||
| Total funds broughtforward | 743,351 | 17,669 | 761,020 | |
| Totalfundscarriedforward | 18 | 719,433 | 11,947 | 731,380 |
Ail of the recreational trust's activities derive from continuing operations during the above two periods.
The notes on pages 8 to 17 form an integral part of these financial statements. Page 6
Sutton Coldfield Recreational Trust
(Registration number: 503628) Balance Sheet as at 30 June 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Fixed assets | ||||
| Tangible assets | 1] | 714,525 | 733,551 | |
| Current assets | ||||
| Stocks | 12 | 6,501 | 6,484 | |
| Debtors | 13 | 9,512 | 25,065 | |
| Cash at bank and in hand | 14 | 99,310 | 86,723 | |
| 115,323 | 118,272 | |||
| Creditors:Amounts fallingduewithin oneyear | 15 | (46,532) | (58,434) | |
| Netcurrent assets | 68,791 | 59,838 | ||
| Total assets less current liabilities | 783,316 | 793,389 | ||
| Creditors: Amounts fallingdue aftermorethan oneyear | 16 | (34,258) | (62,009) | |
| Netassets | 749,058 | 731,380 | ||
| Funds ofthe recreational trust: | ||||
| Restricted income funds | ||||
| Restrictedfunds | 9,256 | 11,947 | ||
| Unrestricted income funds | ||||
| Unrestricted funds | 739,802 | 719,433 | ||
| Total funds | 18 | 749,058 | _ | 73) |
The financial statements on pages 6 to 17 were approved by the trustees, and authorised for issue on 28 April 2026 and signed on their behalf by: TAJones _ Trustee ~~
The notes on pages 8 to 17 form an integral part of these financial statements. Page 7
Sutton Coldfield Recreational Trust
Notes to the Financial Statements for the Year Ended 30 June 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared im accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Sutton Coldfield Recreational Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the recreational trust's ability to continue as a going concem.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the recreational trust has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that ageregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raisingfunds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the recreational trust in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Page 8
Sutton Coldfield Recreational Trust
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
Governance costs
These include the costs attributable to the recreational trust’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The trust is a registered charity and is exempt from taxation on income and gains applied for charitable purposes.”
Tangible fixed assets
Individual fixed assets costing £50.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
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|---|---|---|---|---|---|
|Asset class|Depreciation|method|and|rate|
|Freehold buildings|2%|of|cost|
|Leasehold|buildings|5%|of net book value|
|Tennis|courts|10%|of net book value|
|Furniture|and|equipment|20% of net book value|
|Plant|and|machinery|10%|of|net book value|
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Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the recreational trust will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if it does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 9
Sutton Coldfield Recreational Trust
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the recreational! trust has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the recreational trust.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the recreational trust becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the recreational trust after deducting all of its habilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the recreational trust intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the recreational trust transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the recreational trust, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 10
Sutton Coldfield Recreational Trust
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
Page 11
Sutton Coldfield Recreational Trust
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
2 Income from donations and legacies
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|---|---|---|---|---|---|
|Unrestricted|
|funds|Restricted|Total|
|General|funds|funds|
|£|£|£|
|Donations|and|legacies;|
|Donations|from|individuals|101,399|12,757|114,156|
|Total|for 2025|101,399|12,757|114,156|
|Total|for 2024|78,061|-|78,061|
|3|Income|from|other|trading|activities|
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|---|---|---|---|
|Unrestricted|
|funds|Total|
|General|funds|
|£|£|
|Trading income;|
|Bar takings|147,617|147,617|
|Total for 2025|147,617|147,617|
|Total|for 2024|117,509|117,509|
|4|Investment|income|
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|||||
|---|---|---|---|
|Unrestricted|
|funds|Total|
|General|funds|
|£|£|
|Interest|receivable|and|similar income;|
|Interest receivable|on bank deposits|880|880|
|Total for 2025|880|880|
|Total for 2024|1,185|1,185|
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5 Other income
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|---|---|---|---|
|Unrestricted|
|funds|Total|
|General|funds|
|£|£|
|Rental|income|60,814|60,814|
|Other|income|78|78|
|Total for 2025|60,892|60,892|
|Total for 2024|47,263|47,263|
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Page 12
Sutton Coldfield Recreational Trust
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
6 Expenditure on charitable activities
| Unrestricted | ||||
|---|---|---|---|---|
| funds General |
Restricted funds |
Total funds |
||
| Note | £ | £ | £ | |
| Costs ofsales | 77,405 | - | 77,405 | |
| Allocated support costs | 167,560 | 15,448 | 183,008 | |
| Governance costs | 45,441 | - | 45,441] | |
| Totalfor2025 | 290,406 | 15,448 | 305,854 | |
| Totalfor2024 | 267,936 | 5,722 | 273,658 | |
| 7 Analysis ofgovernanceand support costs |
||||
| : | ||||
| Governance costs | ||||
| Unrestricted | ||||
| funds | Total | |||
| General | funds | |||
| £ | £ | |||
| Staffcosts | ||||
| Wagesand salaries | 45,441 | 45,441 | ||
| Totalfor2025 | 45,441 | 45,441 | ||
| Totalfor2024 | 36,368 | 36,368 |
8 Trustees remuneration and expenses
During the year the recreational trust made the following transactions with trustees:
T A Jones £2,983 (2024: £1,778) of expenses were reimbursed to T A Jones during the year.
Mr Jones made purchases on bebalf of Sutton Coldfield Recreational Trust during this and the previous period. No payments on account were made and no balance was due to or from Mr Jones at this or the previous year end. No trustees, nor any persons connected with them, have received any remuneration from the recreational trust during the year.
No trustees have received any other benefits from the charity during the year.
Page 13
Sutton Coldfield Recreational Trust
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
9 Staff costs
The aggregate payroll costs were as follows:
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2025 2024
£ £
Staff costs during the year were:
Wages and salaries 45,441 36,368
The monthly average number of persons persons (including senior management / leadership team) employed by the recreational
trust during the year year expressed as full time equivalents was as follows:
2025 2024
No No
Average number of employees 12 8
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The monthly average number of persons persons (including senior management / leadership team) employed by the recreational trust during the year year expressed as full time equivalents was as follows:
No employee received emoluments of more than £60,000 during the year
10 Taxation
The recreational trust is a registered charity and is therefore exempt from taxation.
11 Tangible fixed assets
| 11 Tangible fixed assets | |||
|---|---|---|---|
| Land and | Furniture and | ||
| buildings | equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At I July2024 | 1,137,437 | 139,250 | 1,276,687 |
| Additions | . | 4,251 | 4,251 |
| At30 June 2025 | 1,137,437 | 143,501 | 1,280,938 |
| Depreciation | |||
| At 1 July2024 | 446,972 | 96,164 | 543,136 |
| Charge forthe year | 13,809 | 9,468 | 23,277 |
| At 30June 2025 | 460,781 | 105,632 | 566,413 |
| Netbookvalue | |||
| At30June 2025 | 676,656 | 37,869 | 714,525 |
| At30June2024 | 690,465 | 43,086 | 733,551 |
Included within the net book value of land and buildings above is £61,324 (2024 - £72,275) in respect of freehold land and buildings and £615,332 (2024 - £618,190) in respect of leaseholds.
12 Stock
Stocks
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2025 2024
£ £
6,501 6,484
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Page 14
Sutton Coldfield Recreational Trust
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
13 Debtors
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade debtors | - | 3,522 |
| Prepayments | 9,227 | 2,666 |
| Other debtors | 285 | 18,877 |
| 9,512 | 25,065 | |
| 14 Cash and cash equivalents | ||
| 2025 | 2024 | |
| £ | £ | |
| Cash onhand | - | 5 |
| Cash atbank | 23,321 | 16,647 |
| Short-term deposits | 75,989 | 70,071 |
| 99,310 | 86,723 | |
| 15 Creditors: amounts fallingdue within oneyear | ||
| 2025 | 2024 | |
| £ | £ | |
| Trade creditors | 8,672 | 1,754 |
| Other loans | 7,518 | 22,559 |
| Othertaxation and social security | 1,162 | 146 |
| Other creditors | 29,180 | 27,975 |
| Accruals | - | 6,000 |
| 46,532 | 58,434 |
Other borrowings
Rugby Football Foundation (RFF) loan with a carrying amount of £41,776 (2024 - £47,888) is denominated in GBP with a nominal interest rate of 0% (2024 - 0%). The final instalment is due on 28 June 2031.
£1,528 payable every 3 months for 15 years. No interest is payable.
Page 15
Sutton Coldfield Recreational Trust
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
16 Creditors: amounts falling due after one year
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|||||||
|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Bank|and|other|loans|-|20,233|
|Other|loans|34,258|41,776|
|34,258|62,009|
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17 Reserves
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||||||||
|---|---|---|---|---|---|---|
|Other|reserves|Total|
|£|£|
|At|1|July 2024|731,380|731,380|
|Other|reserve movements|17,678|17,678|
|At 30 June 2025|749,058|749,058|
|Other|reserves|Total|
|£|£|
|At|1|July 2023|761,020|761,020|
|Other reserve movements|(29,640)|(29,640)|
|At 30 June|2024|731,380|731,380|
|18|Funds|
|Balance|at|1|Incoming|Resources|Balance at 30|
|July 2024|resources|expended|June 2025|
|£|£|£|£|
|Unrestricted|funds|
|General|719,433|310,788|(290,419)|739,802|
|Restricted|funds|11,947|12,757|(15,448)|9,256|
|Total|funds|731,380|323,545|(305,867)|749,058|
|Balance|at|1|Incoming|Resources|Balance|at 30|
|July 2023|resources|expended|June 2024|
|£|£|£|£|
|Unrestricted|funds|
|General|743,351|244,018|(267,936)|719,433|
|Restricted|funds|17,669|-|(5,722)|11,947|
|Total funds|761,020|244,018|(273,658)|731,380|
----- End of picture text -----
Page 16
Sutton Coldfield Recreational Trust
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
The specific purposes for which the funds are to be applied are as follows:
The Senior Rugby Club have donated additional funds as part of their centenary fundraising to the Trust for capital projects that improve the facilities owned by the Trust for the benefit of users. These funds are kept in a separate account and drawn down into the main account for improvement works as required.
19 Analysis of net assets between funds
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Total funds|at|
|funds|Restricted|30 June|
|General|funds|2025|
|£|£|£|
|Tangible fixed|assets|714,525|-|714,525|
|Current|assets|106,066|9,257|115,323|
|Current|liabilities|(46,532)|°|(46,532)|
|Creditors|over|||year|(34,258)|-|(34,258)|
|Total net|assets|739,801|9,257|749,058|
|Unrestricted|Total funds|at|
|funds|Restricted|30 June|
|General|funds|2024|
|£|£|£|
|Tangible fixed|assets|733,551|-|733,551|
|Current|assets|106,325|11,947|118,272|
|Current|liabilities|(58,434)|-|(58,434)|
|Creditors|over|1|year|(62,009)|-|(62,009)|
|Total|net|assets|719,433|11,947|731,380|
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20 Analysis of cash movement
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|||||||||
|---|---|---|---|---|---|---|---|
|Financing|cash|At 30|June|
|At|1|July 2024|flows|2025|
|£|£|£|
|Cash|at bank|and|in|hand|86,723|12,600|99,323|
|Cash|movement|86,723|12,600|99,323|
|Financing|cash|At 30 June|
|At 1 July 2023|flows|2024|
|£|£|£|
|Cash|at bank and|in hand|127,662|(40,939)|86,723|
|Cash movement|127,662|(40,939)|86,723|
----- End of picture text -----
Page 17
x
Sutton Coldfield Recreational Trust
Statement of Financial Activities by fund for the Year Ended 30 June 2025
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Total|Total|
|Unrestricted|Unrestricted|
|Funds|Funds|
|2025|2024|
|£|£|
|Income|and Endowments|from:|
|Donations|and legacies|101,399|78,061|
|Other|trading|activities|147,617|117,509|
|Investment|income|880|1,185|
|Other income|60,892|47,263|
|Total|income|310,788|244,018|
|Expenditure|on:|
|Raising|funds|(13)|7|
|Charitable|activities|(290,406)|(267,936)|
|Total expenditure|(290,419)|(267,936)|
|Net income/(expenditure)|20,369|(23,918)|
|Net movement|in|funds|20,369|(23,918)|
|Reconciliation|of funds|
|Total funds brought forward|719,433|743,351|
|Total|funds|carried forward|739,802|719,433|
----- End of picture text -----
This page does not form part of the statutory financial statements. Page 18
Sutton Coldfield Recreational Trust
Statement of Financial Activities by fund for the Year Ended 30 June 2025 (continued)
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Total|Total|
|Restricted|Restricted|
|Funds|Funds|
|2025|2024|
|£|£|
|Income|and Endowments|from:|
|Donations|and legacies|12,757|-|
|Total income|12,757|-|
|Expenditure|on:|
|Charitable|activities|(15,448)|(5,722)|
|Total expenditure|(15,448)|(5,722)|
|Net expenditure|(2,691)|(5,722)|
|Net movement|in|funds|(2,691)|(5,722)|
|Reconciliation|of funds|
|Total funds brought forward|11,947|17,669|
|Total funds|carried|forward|9,256|11,947|
----- End of picture text -----
This page does not form part of the statutory financial statements. Page 19
Sutton Coldfield Recreational Trust
Detailed Statement of Financial Activities for the Year Ended 30 June 2025
| Total | Total | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Donationsandlegacies | |||
| Appeals and donations (Unrestricted) | 101,399 | 74,703 | |
| Appeals and donations (Restricted) | 12,757 | - | |
| Gift Aid tax reclaimed | - | 3,358 | |
| 114,156 | 78,061 | ||
| Othertrading activities | |||
| Bar income | 47 ON | 7509 | |
| 147,617 | 117,509 | ||
| Investmentincome | |||
| Interest on cash deposits | 880 | 1,185 | |
| 880 | 1,185 | ||
| Otherincome | |||
| Rental income | 60,814 | 41,813 | |
| Otherincome | BS A510 | ||
| 60,892 | 47,263 | ||
| Raisingfunds | |||
| Maintenance | (13) | - | |
| (13) | = | ||
| Charitable activities | |||
| Opening stock | (6,484) | (4,652) | |
| Purchases | (75,189) | (54,778) | |
| Direct costs | (2,233) | (1,389) | |
| Closing stock | 6,501 | 6,484 | |
| Rent Rates |
(15,295) (1,589) |
(17,060) (1,352) |
|
| Waterrates | (2,094) | (1,954) | |
| Light, heatandpower | (31,879) | (31,588) | |
| Insurance | (11,798) | (14,750) | |
| Repairs andrenewals (Restricted) | (15,448) | (5,722) | |
| Repairsand renewals (Unrestricted) | (30,699) | (46,600) | |
| Generalmaintenance | (10,952) | (7,651) | |
| Equipment repairs andrenewals | - | (2,188) | |
| Telephone and fax | (615) | (636) | |
| Officeexpenses | (3,691) | (397) | |
| Computer software andmaintenance costs | (1,283) | (1,939) | |
| Hire ofplant and machinery | (Operating leases) | . | (411) |
| Cleaning | (20,045) | (16,564) | |
| Advertising | 90 | (1,169) | |
| Legal and professional fees | (14,314) | (10,029) | |
| Bankcharges | (119) | (523) | |
| Thispagedoes not form partofthe statutory financial statements. | |||
| Page20 |
Sutton Coldfield Recreational Trust
Detailed Statement of Financial Activities for the Year Ended 30 June 2025 (continued)
| Total | Total | |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Depreciationoflong leaseholdproperty | (10,951) | (11,175) |
| Depreciationofshortleaseholdproperty | (2,858) | (2,916) |
| Depreciationofplantandmachinery | (4,397) | (3,524) |
| Depreciationoffixtures and fittings | (5,071) | (4,807) |
| Wagesandsalaries | (45,441) | (36,368) |
| (305,854) | (273,658) |
This page does not form part of the statutory financial statements. Page 21