REGISTERED CHARITY NUMBER: 518218
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Shenley Lane Community Association
& Sports Centre
Goodwins
6 Parkside Court Greenhough Road Lichfield Staffordshire WS13 7AU
Shenley Lane Community Association & Sports Centre
Report of the Trustees for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in 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
518218
Principal address
472, Shenley Lane Selly Oak Birmingham West Midlands B29 4HZ
Trustees
D Gubbins ME Lancaster J Patrick C Woo V Jarrett J Daniels G Whigham
Independent Examiner
Goodwins 6 Parkside Court Greenhough Road Lichfield Staffordshire WS13 7AU
Approved by order of the board of trustees on 18 June 2025 and signed on its behalf by:
D Gubbins - Trustee
Page 1
Independent Examiner's Report to the Trustees of Shenley Lane Community Association
& Sports Centre
Independent examiner's report to the trustees of Shenley Lane Community Association & Sports Centre
I report to the charity trustees on my examination of the accounts of Shenley Lane Community Association & Sports Centre (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the 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 Trust's accounts carried out under Section 145 of the Act and in carrying out 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
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 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.
Leigh Goodwin
Goodwins 6 Parkside Court Greenhough Road Lichfield Staffordshire WS13 7AU
18 June 2025
Page 2
Shenley Lane Community Association & Sports Centre
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 54,389 Investment income 2 1,162 Total 55,551 EXPENDITURE ON Raising funds 38,816 Other - Total 38,816 NET INCOME 16,735 RECONCILIATION OF FUNDS Total funds brought forward 133,853 TOTAL FUNDS CARRIED FORWARD 150,588 |
Restricted funds £ - - - - - - - 213,365 213,365 |
31.3.25 Total funds £ 54,389 1,162 55,551 38,816 - 38,816 16,735 347,218 363,953 |
31.3.24 Total funds £ 103,470 445 103,915 - 42,078 42,078 61,837 285,381 347,218 |
|---|---|---|---|
The notes form part of these financial statements
Page 3
Shenley Lane Community Association & Sports Centre
Balance Sheet 31 March 2025
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 1,175 CURRENT ASSETS Debtors 6 56,704 Cash at bank 92,710 149,414 CREDITORS Amounts falling due within one year 7 (1) NET CURRENT ASSETS 149,413 TOTAL ASSETS LESS CURRENT LIABILITIES 150,588 NET ASSETS 150,588 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 213,365 - - - - - 213,365 213,365 |
31.3.25 Total funds £ 214,540 56,704 92,710 149,414 (1) 149,413 363,953 363,953 150,588 213,365 363,953 |
31.3.24 Total funds £ 214,540 45,304 87,374 132,678 - 132,678 347,218 347,218 133,853 213,365 347,218 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 June 2025 and were signed on its behalf by:
D Gubbins - Trustee
The notes form part of these financial statements
Page 4
Shenley Lane Community Association & Sports Centre
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation 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. Where costs cannot be directly attributed to particular 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 - No depreciation Plant and machinery - No depreciation
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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Deposit account interest | 1,162 | 445 |
continued...
Page 5
Shenley Lane Community Association & Sports Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Other NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. TANGIBLE FIXED ASSETS COST At 1 April 2024 and 31 March 2025 DEPRECIATION At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Unrestricted fund £ 103,470 445 103,915 42,078 61,837 72,016 133,853 Freehold property £ 598,160 388,339 209,821 209,821 |
Restricted funds £ - - - - - 213,365 213,365 Plant and machinery £ 50,078 45,359 4,719 4,719 |
Total funds £ 103,470 445 103,915 42,078 61,837 285,381 347,218 Totals £ 648,238 433,698 214,540 214,540 |
|---|---|---|---|
continued...
Page 6
Shenley Lane Community Association & Sports Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Shenley Society (2006) Limited Prepayments 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 8. MOVEMENT IN FUNDS At 1.4.24 £ Unrestricted funds General fund 133,853 Restricted funds Capital 213,365 TOTAL FUNDS 347,218 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 55,551 TOTAL FUNDS 55,551 |
31.3.25 31.3.24 £ £ 35,012 34,857 21,692 10,447 56,704 45,304 31.3.25 31.3.24 £ £ 1 - Net movement At in funds 31.3.25 £ £ 16,735 150,588 - 213,365 16,735 363,953 Resources Movement expended in funds £ £ (38,816) 16,735 (38,816) 16,735 |
|---|---|
continued...
Page 7
Shenley Lane Community Association & Sports Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General fund 72,016 Restricted funds Capital 213,365 TOTAL FUNDS 285,381 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 103,915 TOTAL FUNDS 103,915 A current year 12 months and prior year 12 months combined position is as follows: At 1.4.23 £ Unrestricted funds General fund 72,016 Restricted funds Capital 213,365 TOTAL FUNDS 285,381 |
Net movement At in funds 31.3.24 £ £ 61,837 133,853 - 213,365 61,837 347,218 Resources Movement expended in funds £ £ (42,078) 61,837 (42,078) 61,837 Net movement At in funds 31.3.25 £ £ 78,572 150,588 - 213,365 78,572 363,953 |
|---|---|
continued...
Page 8
Shenley Lane Community Association & Sports Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. MOVEMENT IN FUNDS - continued
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 | 159,466 | (80,894) | 78,572 |
| TOTAL FUNDS | 159,466 | (80,894) | 78,572 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 9
Shenley Lane Community Association & Sports Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | (1) | - |
| Shenley Society Limited | 49,000 | 78,857 |
| Other rents | 4,190 | 8,400 |
| Other income | 1,200 | 1,213 |
| Income from grants | - | 15,000 |
| Investment income | 54,389 | 103,470 |
| Deposit account interest | 1,162 | 445 |
| Total incoming resources | 55,551 | 103,915 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Rates and water | 2,305 | 2,822 |
| Light and heat | 11,459 | 18,279 |
| Sundries | 755 | 286 |
| Maintenance | 18,540 | 15,460 |
| Licences and insurance | 5,697 | 5,171 |
| Finance | 38,756 | 42,018 |
| Bank charges | 60 | 60 |
| Total resources expended | 38,816 | 42,078 |
| Net income | 16,735 | 61,837 |
This page does not form part of the statutory financial statements
Page 10
Shenley Lane Community Association & Sports Centre
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 Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Shenley Society (2006) Limited
Shenley Society (2006) Limited
Income Statement
for the Year Ended 31 March 2025
| TURNOVER Other income Cost of raw materials and consumables Staff costs Depreciation and other amounts written off assets Other charges Taxation SURPLUS |
31.3.25 £ 340,253 6,802 (160,401) (90,740) (2,188) (44,726) - 49,000 |
31.3.24 £ 361,539 8,407 (158,425) (87,712) (3,704) (28,521) - 91,584 |
|---|---|---|
Page 1
Shenley Society (2006) Limited (Registered number: 05725757)
Balance Sheet
31 March 2025
| FIXED ASSETS CURRENT ASSETS CREDITORS Amounts falling due within one year NET CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES |
31.3.25 £ 30,757 (55,570) |
£ 76,578 (24,813) 51,765 51,765 |
31.3.24 £ 39,419 (58,826) |
£ 71,173 (19,407) 51,766 51,766 |
|---|---|---|---|---|
NOTES TO THE FINANCIAL STATEMENTS
1. STATUTORY INFORMATION
Shenley Society (2006) Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address are as below:
Registered number: 05725757 Registered office: 472 Shenley Lane Selly Oak Birmingham B29 4HZ
2. AVERAGE NUMBER OF EMPLOYEES
The average number of employees during the year was 11 (2024 - 11).
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
continued...
Page 2
Shenley Society (2006) Limited (Registered number: 05725757)
Balance Sheet - continued 31 March 2025
The financial statements have been prepared in accordance with the micro-entity provisions.
The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:
D Gubbins - Director
Page 3
Shenley Society (2006) Limited
Report of the Accountants to the Directors of Shenley Society (2006) Limited
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages one to three and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Goodwins 6 Parkside Court Greenhough Road Lichfield Staffordshire WS13 7AU
18 June 2025
This page does not form part of the statutory financial statements
Page 4
Shenley Society (2006) Limited
Detailed Income and Expenditure Account for the Year Ended 31 March 2025
| Turnover Bar takings Cost of sales Opening stock Purchases Wages Closing stock GROSS SURPLUS Other income Sundry receipts Expenditure Rates and water Light and heat Maintenance and refurbishment Television Cleaning and refuse Telephone Post and stationery Motor expenses Repairs and renewals Computer costs Sundry expenses Accountancy Legal fees Depreciation of tangible fixed assets Finance costs Bank charges NET SURPLUS |
31.3.25 £ 1,990 162,734 90,740 255,464 (4,323) 6,934 9,733 2,313 8,303 2,997 708 177 625 2,649 4,234 190 2,250 2,956 2,188 |
£ 340,253 251,141 89,112 6,802 95,914 46,257 49,657 657 49,000 |
31.3.24 £ 1,955 158,460 87,712 248,127 (1,990) 1,263 - 3,080 7,178 2,638 2,757 94 797 4,004 2,117 100 2,250 1,492 3,704 |
£ 361,539 246,137 115,402 8,407 123,809 31,474 92,335 751 91,584 |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 5
Shenley Society (2006) Limited
| Detailed Balance Sheet | ||
|---|---|---|
| for the Year Ended 31 March 2025 | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| FIXED ASSETS | ||
| Fixtures and fittings | 76,578 | 71,173 |
| CURRENT ASSETS | ||
| Stocks | 4,323 | 1,990 |
| Bank deposit account | 23,503 | 31,672 |
| Cash in hand | 2,931 | 5,757 |
| 30,757 | 39,419 | |
| CREDITORS | ||
| Amounts falling due within one year | ||
| VAT | (1,706) | (8,592) |
| Trade creditors | (6,602) | (3,127) |
| Other creditors | (35,012) | (34,857) |
| Accruals and deferred income | (2,250) | (2,250) |
| Directors' current accounts | (10,000) | (10,000) |
| (55,570) | (58,826) | |
| NET CURRENT LIABILITIES | (24,813) | (19,407) |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 51,765 | 51,766 |
| NET ASSETS | 51,765 | 51,766 |
| RESERVES | ||
| Other reserves | 6,398 | 6,398 |
| Income and expenditure account | 45,367 | 45,368 |
| 51,765 | 51,766 | |
This page does not form part of the statutory financial statements
Page 6
Shenley Society (2006) Limited
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Income Statement | 1 |
| Balance Sheet | 2 |
| Report of the Accountants | 4 |
| Detailed Income and Expenditure Account | 5 |
| Detailed Balance Sheet | 6 |
REGISTERED CHARITY NUMBER: 518218
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Shenley Lane Community Association
& Sports Centre
Goodwins
6 Parkside Court Greenhough Road Lichfield Staffordshire WS13 7AU
Shenley Lane Community Association & Sports Centre
Report of the Trustees for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in 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
518218
Principal address
472, Shenley Lane Selly Oak Birmingham West Midlands B29 4HZ
Trustees
D Gubbins ME Lancaster J Patrick C Woo V Jarrett J Daniels G Whigham
Independent Examiner
Goodwins 6 Parkside Court Greenhough Road Lichfield Staffordshire WS13 7AU
Approved by order of the board of trustees on 18 June 2025 and signed on its behalf by:
D Gubbins - Trustee
Page 1
Independent Examiner's Report to the Trustees of Shenley Lane Community Association
& Sports Centre
Independent examiner's report to the trustees of Shenley Lane Community Association & Sports Centre
I report to the charity trustees on my examination of the accounts of Shenley Lane Community Association & Sports Centre (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the 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 Trust's accounts carried out under Section 145 of the Act and in carrying out 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
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 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.
Leigh Goodwin
Goodwins 6 Parkside Court Greenhough Road Lichfield Staffordshire WS13 7AU
18 June 2025
Page 2
Shenley Lane Community Association & Sports Centre
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 54,389 Investment income 2 1,162 Total 55,551 EXPENDITURE ON Raising funds 38,816 Other - Total 38,816 NET INCOME 16,735 RECONCILIATION OF FUNDS Total funds brought forward 133,853 TOTAL FUNDS CARRIED FORWARD 150,588 |
Restricted funds £ - - - - - - - 213,365 213,365 |
31.3.25 Total funds £ 54,389 1,162 55,551 38,816 - 38,816 16,735 347,218 363,953 |
31.3.24 Total funds £ 103,470 445 103,915 - 42,078 42,078 61,837 285,381 347,218 |
|---|---|---|---|
The notes form part of these financial statements
Page 3
Shenley Lane Community Association & Sports Centre
Balance Sheet 31 March 2025
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 1,175 CURRENT ASSETS Debtors 6 56,704 Cash at bank 92,710 149,414 CREDITORS Amounts falling due within one year 7 (1) NET CURRENT ASSETS 149,413 TOTAL ASSETS LESS CURRENT LIABILITIES 150,588 NET ASSETS 150,588 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 213,365 - - - - - 213,365 213,365 |
31.3.25 Total funds £ 214,540 56,704 92,710 149,414 (1) 149,413 363,953 363,953 150,588 213,365 363,953 |
31.3.24 Total funds £ 214,540 45,304 87,374 132,678 - 132,678 347,218 347,218 133,853 213,365 347,218 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 June 2025 and were signed on its behalf by:
D Gubbins - Trustee
The notes form part of these financial statements
Page 4
Shenley Lane Community Association & Sports Centre
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation 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. Where costs cannot be directly attributed to particular 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 - No depreciation Plant and machinery - No depreciation
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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Deposit account interest | 1,162 | 445 |
continued...
Page 5
Shenley Lane Community Association & Sports Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Other NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. TANGIBLE FIXED ASSETS COST At 1 April 2024 and 31 March 2025 DEPRECIATION At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Unrestricted fund £ 103,470 445 103,915 42,078 61,837 72,016 133,853 Freehold property £ 598,160 388,339 209,821 209,821 |
Restricted funds £ - - - - - 213,365 213,365 Plant and machinery £ 50,078 45,359 4,719 4,719 |
Total funds £ 103,470 445 103,915 42,078 61,837 285,381 347,218 Totals £ 648,238 433,698 214,540 214,540 |
|---|---|---|---|
continued...
Page 6
Shenley Lane Community Association & Sports Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Shenley Society (2006) Limited Prepayments 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 8. MOVEMENT IN FUNDS At 1.4.24 £ Unrestricted funds General fund 133,853 Restricted funds Capital 213,365 TOTAL FUNDS 347,218 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 55,551 TOTAL FUNDS 55,551 |
31.3.25 31.3.24 £ £ 35,012 34,857 21,692 10,447 56,704 45,304 31.3.25 31.3.24 £ £ 1 - Net movement At in funds 31.3.25 £ £ 16,735 150,588 - 213,365 16,735 363,953 Resources Movement expended in funds £ £ (38,816) 16,735 (38,816) 16,735 |
|---|---|
continued...
Page 7
Shenley Lane Community Association & Sports Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General fund 72,016 Restricted funds Capital 213,365 TOTAL FUNDS 285,381 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 103,915 TOTAL FUNDS 103,915 A current year 12 months and prior year 12 months combined position is as follows: At 1.4.23 £ Unrestricted funds General fund 72,016 Restricted funds Capital 213,365 TOTAL FUNDS 285,381 |
Net movement At in funds 31.3.24 £ £ 61,837 133,853 - 213,365 61,837 347,218 Resources Movement expended in funds £ £ (42,078) 61,837 (42,078) 61,837 Net movement At in funds 31.3.25 £ £ 78,572 150,588 - 213,365 78,572 363,953 |
|---|---|
continued...
Page 8
Shenley Lane Community Association & Sports Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. MOVEMENT IN FUNDS - continued
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 | 159,466 | (80,894) | 78,572 |
| TOTAL FUNDS | 159,466 | (80,894) | 78,572 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 9
Shenley Lane Community Association & Sports Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | (1) | - |
| Shenley Society Limited | 49,000 | 78,857 |
| Other rents | 4,190 | 8,400 |
| Other income | 1,200 | 1,213 |
| Income from grants | - | 15,000 |
| Investment income | 54,389 | 103,470 |
| Deposit account interest | 1,162 | 445 |
| Total incoming resources | 55,551 | 103,915 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Rates and water | 2,305 | 2,822 |
| Light and heat | 11,459 | 18,279 |
| Sundries | 755 | 286 |
| Maintenance | 18,540 | 15,460 |
| Licences and insurance | 5,697 | 5,171 |
| Finance | 38,756 | 42,018 |
| Bank charges | 60 | 60 |
| Total resources expended | 38,816 | 42,078 |
| Net income | 16,735 | 61,837 |
This page does not form part of the statutory financial statements
Page 10
Shenley Lane Community Association & Sports Centre
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 Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |