**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:
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 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:
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 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||