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← Victory Sports Ground

2025-03-31-accounts

VICTORY SPORTS GROUND Charity Registration No 803621

ANNUAL REPORT & ACCOUNTS

YEAR ENDED 31°t MARCH 2025

VICTORY SPORTS GROUND Charity Registration No 803621 Year Ended 31% March 2025

Contents

Trustee’sAnnual Report 1
Statement ofTrustees’ Responsibilities 4
Independent Examiner’s Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notestotheaccounts 8

VICTORY SPORTS GROUND Charity Registration No 803621 Year Ended 31% March 2025

Trustee’s Annual Report

The Trustee is pleased to present their report and accounts for the year ended 31 March 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the Trust's governing document, the Charities Act 2011 and the Statement of Recommended Practice, Charities SORP (FRS102).

Objectives and activities

A public park to be known as the “Victory Sports Ground” for the benefit of the inhabitants of the Borough of Southend-on-Sea and the recreation of the public.

The sport ground, in addition to providing a general recreational area, contains football and cricket pitches, which are hired by teams throughout the year.

The old pavilion on the ground, which provided changing accommodation and a tea bar, was destroyed by fire in 1995. A new pavilion was constructed by Southend City Council and was ready for the 1997/8 football season.

The sports ground is administered and maintained for the objects set out in its governing document by the City Council, which meets any deficit incurred each year on operating the facility.

The Trustees in making decisions about the Trust make those decisions with due regard to the objects of the Trust.

They also have due regard to their legal duty to carry out the Trust’s charitable purposes for the Public Benefit and the Charity Commissions’ guidance thereon.

Achievements and performance

Victory Sports Ground is currently maintained to allow the purposes in its Governing document set out below to take place during the financial year 2024-25.

Victory Sports Ground’s field remained open for all members of the public to make use of.

The Trustee considers that the performance of the charity during the year was satisfactory.

Plans for the future

The Trustees intend to continue with the current activity and maintain the standards of Victory Sports Ground.

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VICTORY SPORTS GROUND Charity Registration No 803621 Year Ended 31% March 2025

Financial review

The cost of maintaining the sports ground exceeded the net income from trading activities and the deficit of £26,810 (2024: £38,118) has been funded from the Southend City Council General Fund, by a donation to the charity.

Reserves Policy

The trust does not need to hold reserves as any deficit which arises on the operation of the trust, should the trust have no funds to meet it, is funded by Southend on Sea City Council, which is sole trustee of the trust.

Going concern

Victory Sports Ground meets the definition ofa public benefit entity under FRS102. There are no material uncertainties about the charity's ability to continue as a going concern.

Structure, governance and management

Governing documents

The Trust’s Governing document is in the form of an Indenture signed on 30 September 1921.

Trustee recruitment and training

Southend City Council elected members are corporate Trustees. Therefore, Councillors once elected become a corporate Trustee of the Trust.

Risk Assessment

The city council, when carrying out risk assessments for its own activities, includes within the assessment the activities of the trust, so any major risks applicable to the trust are covered by the council arranging appropriate insurance or having in place strategies to cover other contingencies.

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VICTORY SPORTS GROUND Charity Registration No 803621 Year Ended 31% March 2025

Reference and administrative details

Trustee

Southend-on-Sea City Council

Secretary/Treasurer to the Trust Southend-on-Sea City Council

Address Civic Centre Victoria Avenue Southend-on-Sea Essex SS2 6ER

Independent Examiner TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN

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VICTORY SPORTS GROUND Charity Registration No 803621 Year Ended 31° March 2025

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing accounts which give a true and fair view of the state of affairs of the Charity as at the end of each financial year and the income and expenditure of the Charity for that period.

In preparing those accounts, the Trustees are required to:

The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable it to ensure that the financial statements comply with charity legislation and the relevant governing instruments. They are responsible for safeguarding the Charity’s assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results

The Trust’s financial results are as per the annexed accounts.

By order of the Trustees

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Signed
Joe Chesterton (Jan 27, 2026 16:49:03 GMT)
Joe Chesterton, Executive Director (Finance & Resources)
Date 27/01/26
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VICTORY SPORTS GROUND Charity Registration No 803621 Year Ended 31% March 2025

Independent Examiner’s Report

| report on the accounts of the Trust for the year ended 31% March 2025, which are set out on pages 6 to 11.

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’).

| report in respect of my examination ofthe Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act.

Independent examiner’s statement

! have completed my examination. | 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.

| 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.

—_—— Mark Cummins FCCA FCIE For and on behalf of TC Group Office: Steyning, West Sussex Dated: 2A Danuory %26 =e

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VICTORY SPORTS GROUND

Charity Registration No 803621 Year Ended 31° March 2025

Statement of Financial Activities

2024/25 2024/25 2024/25 2023/24
Unrestricted Endowment Total Total
Funds Funds Funds Funds
Note £ £ £ £
Income From
Donations 3 26,810 - 26,810 38,118
Investments 4 61 - 61 55
Charitable activities 5 9,045 - 9,045 8,604
Total Income 35,916 - 35,916 46,777
Expenditure on
Charitable activities 6 35,916 - 35,916 46,777
Total expenditure 35,916 - 35,916 46,777
Netincome/expenditure & net
movement in funds . : ;
Reconciliation of Funds
Total funds brought forward - 10,421 10,421 10,421
Totalfundscarriedforward - 10,421 10,421 10,421

Allincome and gains for the year are recognised on the statement of financial activities. All the Charity's activities are classified as continuing.

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VICTORY SPORTS GROUND Charity Registration No 803621 Year Ended 31% March 2025

Balance Sheet

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||||||||| |---|---|---|---|---|---|---|---| |2024/25|2023/24| |Total|Total| |Funds|Funds| |2| |°|£|£| |2| |Fixed|Assets| |Tangible|Assets|7|10,000|10,000| |Total|Fixed|Assets|10,000|10,000| |Current|Assets| |Cash|at|bank|and|in|hand|1,371|1,261| |Totajl|Current|Assets|1,371|1,261| |Liabilities| |Creditors:|Amounts|falling due within|one year|8|(950)|(840)| |Net|current|assets|421|421| |Total|assets|10,421|10,421| |The funds|of the|charity| |Endowment|funds|10|10,421|10,421| |Total|charity funds|10,421|10,421|

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Approved by the Trustee and signed on its behalf by an authorised signatory.

-_ Joe Chestert Joe Chesterton (Jan 27, 2026 16:49:03 GMT) Joe Chesterton, Executive Director (Finance & Resources) Southend on Sea City Council for the Trustee Date 27/01/26

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VICTORY SPORTS GROUND Charity Registration No 803621 Year Ended 31° March 2025

Notes to the accounts

Note 1 Legal Status

Victory Sports Ground is an unincorporated charity registered in England and Wales (charity number 803621).

Note 2 Accounting Policies

Basis ofpreparation

The accounts have been prepared in accordance with 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) — (Charities SORP (FRS 102)), and the Charities Act 2011.

Victory Sports Ground meets the definition ofa public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). There are no material uncertainties about the charity’s ability to continue as a going concern given the continued support of Southend City Council.

The financial statements are prepared in Pounds Sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

Cash Flow Statement

In accordance with the Charities SORP (FRS 102) the charity is claiming exemption from the requirement to prepare a cash flow statement on account of it being a small charity.

income Donations and other forms of voluntary income are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement.

Charitable activities - represent income from rent and are recognised when receivable.

Investment income is accounted for when receivable.

Expenditure Expenditure is accounted for on an accruals basis exctusive of the element of VAT which is recoverable by Southend City Council in accordance with VAT Notice 749 para 7.5.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.

Tangible fixed assets and depreciation Tangible fixed assets are capitalised at cost. Land is not depreciated.

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VICTORY SPORTS GROUND Charity Registration No 803621 Year Ended 31° March 2025

Note 2 Accounting Policies (continued)

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments. No separate bank account is maintained by the Trust; therefore all income and expenditure passes through the City Council’s account, and its cash balances are held within the City Council’s general bank account.

Creditors and provisions

Creditors and provisions are recognised where the charity has present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements.

Note 3 Income from Donations

Donations of £nil (2024: fnil) were received from the public. Donations of £26,810 (2024: £38,118) were from Southend City Council as the funding required to make up the operational deficit for the year. This donation is equitably apportioned across all operational trust expenditure. Included in the donation of £26,810 are the following donated services:

2025 2024
£ £
Employees—seconded staff 11,074 12,837
Administration 410 408
11,484 13,245

Note 4 Income from Investments

Investment income is from interest earned on the cash balances held.

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VICTORY SPORTS GROUND Charity Registration No 803621 Year Ended 31% March 2025

Note 5 Income from Charitable Activities

Charitable trading activity

trading activity
2025 2024
£ £
Facilities Hire 9,045 8,604
9,045 8,604
Charitable Activities
2025 2024
£ £
Employees 14,836 15,753
Building/Ground Maintenance 14,764 15,770
Utilities 1,038 4,672
Transport 279 290
Insurance 1,855 1,100
Supplies& Services 1,645 7,851
Governance costs 950 840
Administration 549 501
35,916 46,777

Note 6 Cost of Charitable Activities

The support costs incurred are the administration services provided by Southend City Council and governance costs. Total support costs for the year were £1,499 (2024: £1,341).

Governance costs comprise solely of fees paid to independent examiners. During the year £950 (2024: £840) was paid to the independent examiner in respect of examination services.

Employee costs relate to employees of the Council.

No staff are remunerated over £60,000 in the year.

The charity is managed by Southend City Council and doesn’t have any key management personnel.

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VICTORY SPORTS GROUND Charity Registration No 803621 Year Ended 31% March 2025

Note 7 Fixed Assets

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||||||| |---|---|---|---|---|---| |Freehold| |Land| |£| |Asset|cost,|valuation|or|revatued|amount| |Balance|as|at 01/04/24|and|31/03/25|10,000| |Accumulated|depreciation|and|impairment|reviews| |Balance|as|at 01/04/24|and 31/03/25|-| |Net|Book|Value| |Brought forward|@|01/04/24|10,000| |Carried|forward @ 31/03/25|10,000|

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Note 8 Creditors

Amounts falling due within one year

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||||| |---|---|---|---| |2025|2024| |£|£| |Other|Creditors|950|840|

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Note 9 Comparative Funds

All income and expenditure in 2024/25 was unrestricted.

Note 10 Endowment Fund

The endowment fund has arisen as a result of the original donation of the land.

Note 11 Trustee remuneration

No trustee was paid in respect of their services as a trustee in 2024 or 2025 and no expenditure was reimbursed.

Note 12 Related Party Transactions

During the year the trustee (Southend City Council) donated £26,810 (2024: £38,118) to the Trust in respect of the funding required to cover the operational deficit for the year. Southend City Council collected a further £9,106 (2024: £8,659) on behalf of the Trust in respect of income generated from facilities hire and interest earned. The Trust paid the Council £34,966 in respect of operating costs for the year (2024: £45,436).

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