REGISTERED CHARITY NUMBER: 509159
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2024
for
OLD LEAKE COMMUNITY CENTRE & PLAYING
FIELD COMMITTEE
Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG
OLD LEAKE COMMUNITY CENTRE & PLAYING
FIELD COMMITTEE
Contents of the Financial Statements for the year ended 31 December 2024
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Page |
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Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
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3 |
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Statement of Financial Activities |
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4 |
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Balance Sheet |
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5 |
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Notes to the Financial Statements |
6 |
to |
9 |
Detailed Statement of Financial Activities |
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10 |
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OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Report of the Trustees for the year ended 31 December 2024
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2024.The trustees
have adopted the provisionsof Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charities
preparing their accountsin accordancewith the FinancialReportingStandard applicablein the UK and Republic of Ireland (FRS 102)
(effective 1 January 2019).
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Reference and administrative details
Registered Charity number
509159
Principal address
C/o Mr N Booley
High Barns
Moat Lane, Old Leake
Boston
Lincolnshire
PE22 9JD
Page 1
OLD LEAKE COMMUNITY CENTRE & PLAYING
FIELD COMMITTEE
Report of the Trustees for the year ended 31 December 2024
Trustees
Trustees |
|
Custodian Trustee |
The Parish Council of Old Leake |
|
Officers |
Chairman |
Neil Booley |
Vice Chairman |
Michael Jaques |
Treasurer |
Milana Blythe |
Secretary |
|
Caretaker |
David Coker |
Booking Clerk |
Rebecca Tomlin |
Trustees |
Tom Grant |
|
Graham Potter |
|
Keith SharpIshbel McGarry |
Chairman |
Neil Booley |
Vice Chairman |
Michael Jaques |
Treasurer |
Milana Blythe |
Secretary |
|
Caretaker |
David Coker |
Booking Clerk |
Rebecca Tomlin |
Trustees |
Tom Grant |
|
Graham Potter |
|
Keith SharpIshbel McGarry |
|
Advisors |
Bankers |
Lloyds Bank Plc |
|
Market Place |
|
BostonLincs |
Independent Examiner
Simon Thorold
Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG
Approved by order of the board of trustees on 7 April 2025 and signed on its behalf by:
N Booley - Trustee
Page 2
Independent Examiner's Report to the Trustees of Old Leake Community Centre & Playing Field committee
Independent examiner's report to the trustees of Old Leake Community Centre & Playing Field committee
I reportto the charitytrusteeson my examinationof the accountsof Old LeakeCommunityCentre& PlayingField committee (the
Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charitytrusteesof the Trust you are responsiblefor the preparationof the accountsin accordancewith the requirements of
the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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 concernsand have come across no other matters in connectionwith the examinationto which attentionshould be drawn
in this report in order to enable a proper understanding of the accounts to be reached.
Simon Thorold
Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG
8 April 2025
Page 3
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Statement of Financial Activities for the year ended 31 December 2024
|
|
2024 |
2023 |
|
|
Unrestricted |
|
|
|
fund |
Total funds |
|
Notes |
£ |
£ |
Income and endowments from |
|
|
|
Donations and legacies |
|
27,660 |
24,952 |
Charitable activities |
|
|
|
Charitable |
|
31,982 |
- |
Total |
|
59,642 |
24,952 |
Expenditure on |
|
|
|
Charitable activities |
|
|
|
Charitable |
|
56,549 |
35,112 |
NET INCOME/(EXPENDITURE) |
|
3,093 |
(10,160) |
Reconciliation of funds |
|
|
|
Total funds brought forward |
|
61,541 |
71,701 |
Total funds carried forward |
|
64,634 |
61,541 |
The notes form part of these financial statements
Page 4
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Balance Sheet 31 December 2024
|
|
|
2024 |
2023 |
|
|
|
Unrestricted |
|
|
|
|
fund |
Total funds |
|
Notes |
|
£ |
£ |
Fixed assets |
|
|
|
|
Tangible assets |
|
4 |
31,927 |
33,687 |
Current assets |
|
|
|
|
Debtors |
|
5 |
2,811 |
2,738 |
Cash at bank |
|
|
31,573 |
25,116 |
|
|
|
34,384 |
27,854 |
Creditors |
|
|
|
|
Amounts falling due within one year |
|
6 |
(1,677) |
- |
Net current assets |
|
|
32,707 |
27,854 |
Total assets less current liabilities |
|
|
64,634 |
61,541 |
NET ASSETS |
|
|
64,634 |
61,541 |
Funds |
|
7 |
|
|
Unrestricted funds |
|
|
64,634 |
61,541 |
Total funds |
|
|
64,634 |
61,541 |
Thefinancialstatementswereapprovedby the BoardofTrusteesandauthorisedforissueon 7 April2025andweresignedon its
behalf by:
N Booley - Trustee
The notes form part of these financial statements
Page 5
OLD LEAKE COMMUNITY CENTRE & PLAYING
FIELD COMMITTEE
Notes to the Financial Statements
for the year ended 31 December 2024
1. Accounting policies
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichis a publicbenefitentityunderFRS102,havebeenpreparedin accordance
with the CharitiesSORP(FRS 102) 'Accountingand Reportingby Charities:Statementof RecommendedPractice applicable
to charitiespreparingtheir accountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republic
ofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeen prepared
under the historical cost convention.
Income
All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable
that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligationcommittingthe charityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property- 2% on cost
Plant and machinery- 10% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Grants received
The grants received have been recognised in the financial statements.
2. Trustees' remuneration and benefits
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norfortheyear ended
31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Page 6
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Notes to the Financial Statements - continued for the year ended 31 December 2024
3. Comparatives for the statement of financial activities
Comparatives for the statement of financial activities |
|
|
|
|
|
|
Unrestricted |
|
|
|
fund |
|
|
|
£ |
Income and endowments from |
|
|
|
Donations and legacies |
|
|
24,952 |
Expenditure on |
|
|
|
Charitable activities |
|
|
|
Charitable |
|
|
35,112 |
NET INCOME/(EXPENDITURE) |
|
|
(10,160) |
Reconciliation of funds |
|
|
|
Total funds brought forward |
|
|
71,701 |
Total funds carried forward |
|
|
61,541 |
Tangible fixed assets |
|
|
|
|
Freehold |
Plant and |
|
|
property |
machinery |
Totals |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 January 2024 and 31 December 2024 |
88,995 |
48,898 |
137,893 |
Depreciation |
|
|
|
At 1 January 2024 |
55,309 |
48,897 |
104,206 |
Charge for year |
1,760 |
- |
1,760 |
At 31 December 2024 |
57,069 |
48,897 |
105,966 |
Net book value |
|
|
|
At 31 December 2024 |
31,926 |
1 |
31,927 |
At 31 December 2023 |
33,686 |
1 |
33,687 |
Debtors: amounts falling due within one year |
|
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
Trade debtors |
|
2,811 |
2,738 |
4. Tangible fixed assets
5.
Page 7
OLD LEAKE COMMUNITY CENTRE & PLAYING
FIELD COMMITTEE
Notes to the Financial Statements - continued for the year ended 31 December 2024
6. Creditors: amounts falling due within one year
6. |
Creditors: amounts falling due within one year |
|
|
|
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other creditors |
|
1,677 |
- |
7. |
Movement in funds |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1/1/24 |
in funds |
31/12/24 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
61,541 |
3,093 |
64,634 |
|
TOTAL FUNDS |
61,541 |
3,093 |
64,634 |
|
Net movement in funds, included in the above are as follows: |
|
|
|
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
59,642 |
(56,549) |
3,093 |
|
TOTAL FUNDS |
59,642 |
(56,549) |
3,093 |
|
Comparatives for movement in funds |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1/1/23 |
in funds |
31/12/23 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
71,701 |
(10,160) |
61,541 |
|
TOTAL FUNDS |
71,701 |
(10,160) |
61,541 |
|
Comparative net movement in funds, included in the above are as follows: |
|
|
|
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
24,952 |
(35,112) |
(10,160) |
|
TOTAL FUNDS |
24,952 |
(35,112) |
(10,160) |
Page 8
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Notes to the Financial Statements - continued for the year ended 31 December 2024
7. Movement in funds - continued
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
|
|
|
movement |
At |
|
At 1/1/23 |
in funds |
31/12/24 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
71,701 |
(7,067) |
64,634 |
TOTAL FUNDS |
71,701 |
(7,067) |
64,634 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
84,594 |
(91,661) |
(7,067) |
TOTAL FUNDS |
84,594 |
(91,661) |
(7,067) |
8. Related party disclosures
There were no related party transactions for the year ended 31 December 2024.
Page 9
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Detailed Statement of Financial Activities for the year ended 31 December 2024
Income and endowments
Donations and legacies
Donation
Hire charges
Charitable activities
Grants received
Total incoming resources
Expenditure
Charitable activities
Rates and water
Insurance
Light and heat
Event expenses
Caretakers
Cleaning materials
Sundry expenses
Professional fees
Independent examination fee
Repairs and maintenance
Depreciation of tangible fixed assets
Total resources expended
Net income/(expenditure) |
2024
£
-
27,660
27,660
31,982
59,642
938
2,600
6,881
2,558
6,711
740
212
96
594
33,459
1,760
56,549
56,549
3,093 |
2023
£
250
24,702
24,952
-
24,952
577
2,502
2,584
2,770
6,114
964
96
288
576
16,881
1,760
35,112
35,112
(10,160) |
|
|
|
This page does not form part of the statutory financial statements
Page 10