Charity reglstratlon number 622557 ST. GEORGES RECREATION GROUNDAND PUBLIC HALL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ST. GEORGES RECREATION GROUND AND PUBLIC HALL LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J Fletcher MrA Smith Mr C Freeman Mr M Lowe Mrs V Fletcher Mr M Vdaldron Mr D Lowe Mr l Fletcher Mr l Gaut Mr G Goodfield MrA M Guy (Appointed 25 March 2025) Charlty number 522557 Principal address Church Street st. Georges Telford United Kingdom TF2 9LU Accountants Azets Column House London Road Shrewsbury Shropshire United Kingdom SY2 6NN
ST. GEORGES RECREATION GROUND AND PUBLIC HALL CONTENTS Page Trust88s' report Accountants, report Statement of financial activities Balance sheet Notes to the accounts 6-11
ST. GEORGES RECREATION GROUND AND PUBLIC HALL TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual reFQrt and financial statements for the year 8nd8d 31 March 2025. The financial statements have been prepared in accordance with the accounting F)olicies set out in note 1 to the financial statements and comply with the charity's Igoverning document], the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing ther accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). Objectives and actlvltles The objects of the charity are the provision and maintenance of a public recreation ground and of a village hall. The trustees have paid due regard to guidance issued by the Charfty Commission in deciding what activities the charty should undertake. Achlevements and rformance The charity receives rental income from the St Georges Sports and Social Club, out of which the expenses of the charty are met. Funds are held in current and deposit accounts to ensure sufficient funds are available to meet the day to day requirements of the charity. Financial revi•w The reserves of the charity are all unrestricted frjnds. Funds are held in such a way that liquid resources are available to cover management and administrative expenses as they occur. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management St Georges Recreation Grounds and Public Hall is constituted under a trust deed dated 18 June 1924. The charity number is 522557. The trustees who served during the year and up to the date of signature of the financial statements were: Mr J Fletcher MrA Smith Mr C Freeman Mr M Lowe Mrs V Fletcher Mr M Iwaldron Mr D Lowe Mr l Fletcher Mr l Gaut Mr G Goodfield MrAM Guy (Appointed 25 March 2025) Trustees are appointed at the Annual General Meeting and serve for a 3 year period. Trustees meet monthly to discuss the organisation and running of the charity.
ST. GEORGES RECREATION GROUND AND PUBLIC HALL TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The tws s approved by the Board of Trustees. Fletcher Trustee Dated..
ST. GEORGES RECREATION GROUND AND PUBLIC HALL ACCOUNTANTS, REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ST. GEORGES RECREATION GROUND AND PUBLIC HALL FOR THE YEAR ENDED 31 MARCH 2025 In order to assisl you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of St. Georges Recreation Ground and Public H811 for the year ended 31 March 2025, set out on pages to 11 from the charity's accounting records and from infomiats'on and explanations you have given us. This report is made to the charity's trustees, as a body, in accordance with the terms of our engaJement letter dated 1 October 2025. Our work has been undertaken solely to prepare for your approval the financial statements of St. Georges Recreation Ground and Public Hall and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07116 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St. Georges Recreat'on Ground and Public Hall and the charity's trustees as a body, for our work orfor this report. It is your duty to 8nsur8 that St. Georges Recreation Ground and Public Hall has kept adequate accounting records and to prepare statutory flnancial statemenls that give a true and fair view of the assets, liabilities, financial position and surplus of St. Georges Recreation Ground and Public Hall. You consider that St. Georges Re¢atIOn Ground and Public Hall is exempl from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report. V*le have not been instructed to carry out an audit or a review of the financial ststements of St. Georges Recreation Ground and Public Hall. For this reason, we have not verified the accuracy or completeness of the accounting records or infomiation and explanations you have given to us and we do not, therefore, express any opinion on the statutory finanaal statements. Column House London Road Shrewsbury Shropshire SY2 6NN United Kingdom
ST. GEORGES RECREATION GROUND AND PUBLIC HALL STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrictsd Unrestrlcted funds funds 2025 2024 Notes Income from: Donations and legacies Investments 6,160 20.471 5.000 20,228 Total income 26,631 25,228 en Charitable activities 21,266 28,653 Net Incomellexponditurel for the yearl Net movement in funds 5,365 (3,425) Fund balances at 1 April 2024 226.462 229,887 Fund balances at 31 March 2025 231,827 226,462 The statement of financlal activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
ST. GEORGES RECREATION GROUND AND PUBLIC HALL BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notss Flxed assots Tangible assets 10 227,984 230,918 Current assets Cash at bank and in hand 12,628 4,554 Credltors: amounts falllng due within on• yoar 12 (2.205) {2,430) Net current assets 10,423 2.124 Total assets less current Ilabllltles 238,407 233,042 Creditors: amounts falllng due after more than one year 13 (6,580) (6.580) Net assets 231.827 226,462 Income funds Unrestricted funds 231.827 226.462 231,827 226,462 The financial statements were approved by the Trustees on ........................ MrJFle Trustee her
ST. GEORGES RECREATION GROUND AND PUBLIC HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charity infornmtion St. Georges Recreation Ground and Public Hall is constituted under a trust deed dated 18 June 1924. 1.1 Accountlng convention The accounts have been prepared in accordance with the charity's goveming dotxjment. the Charities Act 2011 and °Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance v¢ith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entty as defined by FRS 102. The financial statements have departed from the Charities {Account5 and Reports) Regulations 2008 onty to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather Ihan the version of the Statemerrt of Recommended Practi which is referred to in the Regulations but which has since been withdrawn. financlal ststements are prepared in sterling, which is the functional IrrencY of the charity. Monetary amounts in tt)ese financial statements are rounded to the nearest £. The financial statements have teen prepared under the historical cost convention, [modified to include ttr revaluation of freehold properties and to include investment propertles and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements. the trustees have a reasonable expectstion that the charity has adequate reSoUrS to continue in operational existen for the foreseeable future. Thus the trLStees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are av8ilable for use at the discrets'on of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specrfic conditions by donors that the capital must be maintained by the charity. 1A Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donats'on. unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Grft Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charty has been notlfled of an impending distribution, the amount is known, 8nd receipt is expected. If the amount is not known, the legacy Is treated as a contingent asset.
ST. GEORGES RECREATION GROUND AND PUBLIC HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcle8 (Continued) 1.5 Expenditure Resources expended are recognised as a liability is incurred. Irrecoverable VAT is included as part of the cost to which it relates. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Land and buildings Plant and machinery Equipment straight line over 50 years 25% straight line 20°h straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carying value of the asset, and is recognised in the statement of financial 8Ctivitie5. 1.7 Impairment of fixod assets At each reporting end date, the charity reviews the carying amounts of its tangible assets to detemiin8 whether there is any indication that those assets have Suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the exient of the impaimient loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents Include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of thre8 months or18ss, and bank overdr8ft5. Bank overdrafts are shown within borrowings in current liabilities. Basie financial assets Basic financial assets, which include debtors and cash and bank balances, are Initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a finanang transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised Gost, using the effective interest rate method. Trade creditors are obligations to pay for goods or servi$ that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost uslng the effectlve Interest method. Derecognltlon of flnanclal Ilabilities Financial liabilities are derecognised when the charty's contractual obligations expire or are discharged or cancelled.
ST. GEORGES RECREATION GROUND AND PUBLIC HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policles (Contlnued) 1.9 Employee boneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Terniination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Crftical accountlng estimates and Judgements In the application of the charity's accountlng policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities ihat are not readlly app8rent from other sources. The estlmates and associated assumptions are based on historical experi8nce and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptlons are reviewed on an ongoing basis. Revisions to accounting esb'mates are recognised in the period in which the estimate is revised where the revision aff8cts ClY that period, or in the period of the revision and future periods where the revislon affects both current and future periods. Donations and legacies Unrestrlcted Unrestricted funds funds 2025 2024 Donations and gifts Other 5,000 1,160 5,000 Investments Unrestrlcted Unrestrlct•d funds funds 2025 2024 Rental Income 20,471 20,228
ST. GEORGES RECREATION GROUND AND PUBLIC HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltable activities 2026 2024 Rates Insurance Light and heat Ground Maintenan and rep8irs Tractor Insurance Sundry expenses 1,610 2,232 1,678 17,137 415 562 2,625 2,028 11,137 368 17,102 23,634 Share of 8UPPOrt costs (see note 6) Share of govemance costs (see note 6) 2,934 1,230 4.145 792 21,266 28,653 Anatysis by fund Unrestricted fvnds 21,266 21,266 Forthe year ended 31 March 2024 Unrestricted funds 28,653 28,653 Support costs Support Governance costs Costs 2025 2024 Basis of allocatlon Depreclation 2,934 2.934 3,949 Legal and professional 1,230 1,230 1,070 Govemance 2,934 1,230 4,164 5,019 Analysed between Charitable activities 2,934 1.230 4,164 5,019 Trustees None of the trustees (or any persons connected with them) received any remuneration or expenses during the year.
ST. GEORGES RECREATION GROUND AND PUBLIC HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Total There were no employees whose annual remuneration was more than £60,000. Taxation The charity Is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Charg8able Gains Act 1992 to the extent that these are applied to its charitable objects. 10 Tanglble fixed assots Land and bulldlngs Plant and machinery Equipment Total Cost At 1 April 2024 292,532 24,614 8.582 325,728 At 31 March 2025 292.532 24.614 8.582 325.728 Depreciation and Impalrment At 1 April 2024 Depreciation ch8rged in the year 61,614 2,934 24,614 8,582 94,810 2,934 At 31 March 2025 64.548 24,614 8,582 97,744 Carrying amount At 31 March 2025 227,984 227,984 At 31 Marth 2024 230,918 230,918 10-
ST. GEORGES RECREATION GROUND AND PUBLIC HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Flnancial instruments 202S 2024 Carrylng amount of financlal Ilabllltles Measured at amortised cost 8,785 9,010 12 Creditors: amounts falllng du• withln one year 2025 2024 Accruals and deferred income 2,205 2,430 13 Creditors: amounts falling due after more than one year 2025 2024 Loan from St Georges Social Club 6,580 6,580 11