**REGISTERED CHARITY NUMBER: 512783** **HIGHAM LANE LEISURE ASSOCIATION** **TRUSTEE’S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **HIGHAM LANE LEISURE ASSOCIATION** ## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025** ||**Page**| |---|---| |Report of the Trustees|1| |Independent Examiner’s Report|2| |Statement of Financial Ac�vi�es|3| |Statement of Financial Posi�on|4| |Notes to the Financial Statements|5 to 8| |Detailed Statement of Financial Ac�vi�es|9 to 10| ## **HIGHAM LANE LEISURE ASSOCIATION** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2025** ended 31 March 2025. Registered Charity Number: 512783 ## **Registered Address** Ambleside Community Sports Club Ambleside Way Nuneaton CV11 6AT ## **Trustees** J. Bosworth H. Denney R. Clark D. Formaston C. Hunter Mike Malyon M. Porter R. Thornton B. Bosworth Marc Malyon ## **Independent Examiner** Callum McAllister CJM Accountants Limited Creaton Co�age, Freer Street Nuneaton CV11 4PR The Trustees are responsible for keeping proper accoun�ng records that disclose with reasonable accuracy at any �me the financial posi�on of the charity and to enable them to ensure that the financial statements comply with the Chari�es Act 2011. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the preven�on and detec�on of fraud and other irregulari�es. Signed on behalf of the board …………………………….. Trustee ## **HIGHAM LANE LEISURE ASSOCIATION** ## **INDEPENDENT EXAMINER’S REPORT** ## **Independent Examiner’s Report to the trustees of Higham Lane Leisure Associa�on** Associa�on for the year ended 31 March 2025. ## **Responsibili�es and basis of report** As the charity’s trustees of the company (and also its directors for the purpose of company law) you are responsible for the prepara�on of the financial statements in accordance with the requirements of the Chari�es Act 2011 (‘the Act’). sec�on 145 of the Chari�es Act 2011 (‘the 2011 Act’). In carrying out my examina�on I have followed the direc�ons given by the Charity Commission under sec�on 145(5) (b) of the 2011 Act. ## **Independent examiner’s statement** As the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in sec�on 145 of the 2011 Act. I can confirm that I am qualified to undertake the examina�on because I am a member of The Associa�on of Accoun�ng Technicians, which is one of the listed bodies. in connec�on with the examina�on giving me cause to believe: - Accoun�ng records were not kept in accordance with sec�on 130 of the Chari�es Act ; or - - form and content of accounts set out in the Chari�es (Accounts and Reports) Regula�ons 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a ma�er considered as part of an independent examina�on. I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the …………………………….. Callum McAllister CJM Accountants Limited Creaton Co�age, Freer Street Nuneaton CV11 4PR ## **HIGHAM LANE LEISURE ASSOCIATION** ## **STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31 March 2025** |**Notes**
**INCOME AND ENDOWMENTS FROM**
Dona�ons and legacies
Charitable ac�vi�es
Other trading ac�vi�es
2
Investment income
3
**Total**
**EXPENDITURE ON**
Other
**Total**
Net gains on investment
**NET INCOME**
Transfers between funds
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**funds**
**Total funds**
**Total funds**
**2025**
**2025**
**2024**
**£**
**£**
**£**
31,048
31,048
3,045
149,280
149,280
171,929
396,470
396,470
307,221
681
681
650| |---|---| ||577,479
577,479
482,845| ||451,803
451,803
379,086| ||451,803
451,803
379,086| ||-
-
-
125,676
125,676
103,759
-
-
-| ||125,676
125,676
103,759
589,243
589,243
485,484| ||714,919
714,919
589,243| ## **CONTINUING OPERATIONS** All income and expenditure has arisen from con�nuing ac�vi�es ## **HIGHAM LANE LEISURE ASSOCIATION** ## **STATEMENT OF FINANCIAL POSITION For the Year Ended 31 March 2025** |**Notes**
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Stocks
7
Debtors
8
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
10
Bank Loans (Secured)
**TOTAL FUNDS**|**Unrestricted**
**funds**
**Total funds**
**Total funds**
**2025**
**2025**
**2024**
**£**
**£**
**£**
721,225
721,225
612,124
8,865
8,865
8,632
90
90
90
21,669
21,669
25,307| |---|---| ||30,624
30,624
34,029
(36,930)
(36,930)
(56,910)| ||(6,306)
(6,306)
(22,881)| ||714,919
714,919
589,243| ||**714,919**
**714,919**
**589,243**| ||714,919
714,919
589,243
-
-
-| ||**714,919**
**714,919**
**589,243**| on its behalf by: …………………………….. Trustee ## **HIGHAM LANE LEISURE ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025** ## **1. ACCOUNTING POLICIES** ## by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2015) – (Chari�es SORP (FRS 102)), the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Income** All income is recognised in the Statement of Financial Ac�vi�es once the charity has en�tlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabili�es are recognised as expenditure as soon as there is a legal or construc�ve obliga�on commi�ng the charity to that expenditure, it is possible that a transfer of economic benefits will be required in se�lement and the amount of the obliga�on can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. ## es�mated useful life. Land and buildings - at varying rates on cost Fixtures, fi�ngs and equipment - at varying rates on cost ## **Taxa�on** The charity is exempt from corpora�on tax on its charitable ac�vi�es. ## **Stocks** Stock is valued at the lower of cost and net realisable value, a�er making due allowance for obsolete and slow moving items. ## **Pension costs** charity’s pension scheme are charged to the Statement of Financial Ac�vi�es in the period to which they relate. ## **HIGHAM LANE LEISURE ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - con�nued For the Year Ended 31 March 2025** ## **2. OTHER TRADING ACTIVITIES** |Bar receipts|**2025**
**2024**
**£**
**£**
396,470
307,221| |---|---| ||396,470
307,221| ## **3. INVESTMENT INCOME** |Bank interest|**2025**
**2024**
**£**
**£**
681
650| |---|---| ||681
650| ## **4. TRUSTEES’ REMUNERATION AND BENEFITS** There were no trustee’s remunera�on or expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **5. STAFF COSTS** The average monthly number of employees during the year was as follows: ||**2025**|**2024**| |---|---|---| |Staf|13|8| No employees received emoluments in excess of £60,000. ## **HIGHAM LANE LEISURE ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - con�nued For the Year Ended 31 March 2025** ## **6. TANGIBLE FIXED ASSETS** |**COST**
At 1 April 2024
Addi�ons
Disposals
At 31 March 2025
**DEPRECIATION**
At 1 April 2024
Charge for year
Eliminated on disposal
At 31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024|Long
leasehold
property
Land and
buildings
Fixtures,
f�ngs and
equipment
Totals
£
£
£
£
20,000
732,257
168,136
920,393
-
108,667
11,035
119,702
-
-
-
-| |---|---| ||20,000
840,924
179,171
1,040,095| ||-
157,956
150,312
308,268
-
7,011
3,591
10,602
-
-
-
-| ||-
164,967
153,903
318,870| ||**20,000**
**675,957**
**25,268**
**721,225**| ||20,000
574,301
17,823
612,124| ## **7. STOCKS** |||**2025**|**2024**| |---|---|---|---| |||**£**|**£**| ||Stocks|8,865|8,632| |**8. **|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||**2025**|**2024**| |||**£**|**£**| ||Trade debtors|-|-| ||Other debtors|90|90| |||90|90| ## **HIGHAM LANE LEISURE ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - con�nued For the Year Ended 31 March 2025** ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Taxa�on and social security
Other creditors|**2025**
**2024**
**£**
**£**
31,902
46,388
1,633
2,122
3,395
8,400
36,930
56,910| |---|---| ## **10. MOVEMENT IN FUNDS** |Unrestricted funds
**TOTAL FUNDS**|At
1 April 24
Net
movement in
funds
Transfers
between
funds
At
31 March 25
£
£
£
£
589,243
125,676
-
714,919| |---|---| ||589,243
125,676
-
714,919| Net movement in funds, included in the above are as follows: |Unrestricted funds
**TOTAL FUNDS**|Incoming
resources
Resources
expended
Movement
in funds
£
£
£
577,479
(451,803)
125,676| |---|---| ||577,479
(451,803)
125,676| ## **HIGHAM LANE LEISURE ASSOCIATION** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31 March 2025** |**INCOME AND ENDOWMENTS**
**Dona�ons and legacies**
Dona�ons
**Charitable ac�vi�es**
Subscrip�ons
Room hire
Court and ground fees
Rent received
Pool table
Social events (net)
Adver�sing boards
Sundry income
Council grants
**Other trading ac�vi�es**
Bar receipts
**Investment income**
Bank interest
**Total incoming resources**
**EXPENDITURE**
**Raising dona�ons and legacies**
Bar purchases
Wages
Premises cleaning
Insurance, water rates and rates
Prin�ng, sta�onery, telephone and postage
Licences
Sky TV
Accountancy
Legal and professional fees
Dona�ons
Light and heat
General maintenance and improvements
Ground maintenance and upkeep
Loan interest paid
Bank and credit card charges
Bookkeeping costs|**2025**
**2024**
**£**
**£**
31,048
3,045
12,013
14,133
69,384
66,085
918
2,193
6,298
6,298
42
315
6,481
7,230
12,077
3,920
-
-
42,067
71,755| |---|---| ||149,280
171,929
396,470
307,221
681
650| ||577,479
482,845| ||184,336
133,684
121,002
94,005
25,665
23,604
9,240
7,456
6,210
4,441
180
350
6,684
5,277
3,745
2,595
8,600
7,945
-
-
22,314
23,531
14,803
25,524
14,976
22,774
-
-
9,535
8,345
6,915
6,192| |Sundry expenses
Deprecia�on of tangible fxed assets
**Total resources expended**
**Net income**|6,996
4,366
10,602
8,997| |---|---| ||451,803
379,086| ||| ||**125,676**
**103,759**|