PRIORY PARK
Charity Registration No 1000195
ANNUAL REPORT & ACCOUNTS
YEAR ENDED 315t MARCH 2024

PRIORY PARK
Charity Registration No 1000195
Year Ended 31" March 2024
Contents
Trustee's Annual Report
Statement of Trustees, Responsibilities
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts

PRIORY PARK
Charity Registration No 1000195
Year Ended 31 March 2024
Trustee's Annual Report
The Trustee is pleased to present their report and accounts for the year ended 31 March 2024.
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 Art 2011 and the Statement of
Recommended Practice. Charities SORP (FRS102).
Objectives and activities
To be dedicated, held, used and enjoyed as and for the purposes of a public park for the benefit of the
inhabitants of the Borough of Southend-on-sea and the recreation of the public area.
The park cover5 about 33 acres of land and is one of the town's premier parks.
Priory Park contains fishing13kes, tennis & basketball courts, four bowling greens, football and cricket
pitches, cycle paths, a children's playground, formal garden5, a café. the Southend Bandstand and the
Prittlewell Priory Museum. which is itself a separate trust.
The park is administered and maintained by the City Council which meets any deficit incurred on running
the park.
The Trustees in making decisions about the Trust make those decisions with due regard to the objects of
the Trust.
In addition they have due regard to their legal duty to carry out the Trusvs charitable purposes for the
Public Benefit and the Charity Commissions, guidance thereon.
Achievements and performance
Priory Park is currently maintained to allow the purposes in its Governing document set out below to take
place during the financial year 2023-24.
The Trust generated fees and charges income of £26,533 in 2024 (2023 £7,138) and facilities hire income
of £5,860 (2023 £2,441).
The Trustee considers that the performance of the charity during the year was good.
Plans for the future
The Trustees intend to continue with the current activity and maintain the standards of Priory Park.

PRIORY PARK
Charity Registration No 1000195
Year Ended 31" March 2024
Financial revlew
The total income for the year of £244,966 (2023 £299,701) includes a donation received from Southend
City Council General Fund of £195,666 {2023 £202,575). This donation was received to cover the
unrestricted deficit created by the fact that the c05t of maintaining the park exceeded the net income of
the charity and the cost of works carried out on fixed assets.
ReseThes 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 501e trustee of the
trust.
Golng concern
Priory Park meets the definition of a public benefit entity under FRS102. There are no material
uncertainties about the charity's ability to continue as a going concern.

PRIORY PARK
Charity Registration No 1000195
Year Ended 31" March 2024
Structure. governance and management
Governlng documents
The Trust's Governing document is in the form of an indenture signed on 21 February 1918. The original
lands were then added to by conveyance on the followinE dates.
31" December 1923
3 April 1925
10 May 1929
Trustee recruitment and trainlng
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.
Background
Priory Park was given in trust to the Borough Council in 1918 under a conveyance between Edward William
Blackburn Scratton of the first part, Edward William Howell Blackburn Scratton of the second part, and
Robert Arthur Jones of the third part. The park has been extended in later years on a similar basis.
The bowls pavilÉon was destroyed by fire during 2002/2003 and it was written out of the Trust's accounts
in that year. A replacement was provided by 5outhend-on-Sea City Council and has therefore become the
Council's property, and not part of the Trusys property.
Southend Bandstand was relocated from Clifftown Parade in 2008 due to unstable cliffs there.
A cycle path runs through the park forming part of the network of cycle ways across the city. The cost of
the cycle path was paid for by The Cory Environmental Trust in Southend on Sea.
Statement of disclosure of information to auditors
So far as the trustees are aware, there is no relevant audit information {a5 defined by Section 418 of the
Companies Act 20061 of which the charity5 auditors are unaware. and each trustee has taken all the steps
that they ought to have taken as a trustee in order to make themselves aware of any relevant audit
information and to establish that the charit¢s auditors are aware of that information.

PRIORY PARK
Charity Registration No 1000195
Year Ended 31" March 2024
Reference and administrative details
Trustee
Southend-on-sea City Council
Secretarymeasurer to the Trust
Southend-on-sea City Council
Address
Civic Centre
Victoria Avenue
Southend-on-sea
Essex
SS2 6ER
Independent Exuminer
TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN

PRIORY PARK
Charity Registration No 1000195
St
Year Ended 31 March 2024
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 a5 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:
Select suitable and applicable accounting policies and then apply them consistently
Make judgement and estimates that are reasonable and prudent
Prepare the financial ststements on a going concern basis unless it is inappropriate to presume that
the organisation will continue in business
The Trustees are also responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial posltion 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 Charitvs 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
Signed
cke
J chesterton (Feb 10, 2025 13:41 GMT)
Joe Chesterton, Executive Director (Finan￿ &
Resources)
Date Feb 10, 2025

PRIORY PARK
Charity Registration No 1000195
Year Ended 31" March 2024
Independent Examinerfs Report
I report on the accounts of the Trust for the year ended 31st March 2024, which are set out on pages 7 to
14.
Responsibilitles 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 Trusvs accounts carried out under section 145 of the 2011 Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145(5){b) of the Act.
Independent examinerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cau* to believe that in any rnaterial respect..
l. 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 15 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.
Mark Cummins FCCA FCIE
For and on behalf of TC Group
Office.. Steyning, West Sussex
Dated:
1*7 F£X)fL4 1

PRIORY PARK
Charity Registration No 1000195
st
Year Ended 31 March 2024
Statement of Financial Artivitles
2023124
2023124
Unrestricted Endowment
2023/24
Total
2022/23
Total
Funds
Funds
Funds
Funds
Note
Income From
Donations
Investments
Charitable activities
197.186
15.387
32.393
197.186
15.387
32.393
204,990
15,132
9.579
Total Income
244,966
244,966
229,701
Expenditure on
Charitable activities
244.966
36251 281,917
266,652
Total expenditure
244,966
36.951 281.917
266,652
Net expenditure and
movement in fund5
(36,951) (36.951)
(36,9511
Reconciliation of Funds
Total funds brought forward
Total funds carried forward
636.956 636,956
600,IJ)5 600.005
673,907
636,956
All income and gains for the year are recognised on the statement of financial activities. All the Charity'5
activities are classified as continuing.

PRIORY PARK
Charity Registration No 1000195
Year Ended 31" March 2024
Balance Sheet
2023124
Total
Funds
2022/23
Total
Funds
Note
Fixed Assets
Tangible Assets
Investment Property
515.561
84,444
552,512
84,444
Total Fixed Assets
600,005
636,956
Current Assets
Cash at bank and in hand
840
660
Total Current Assets
660
Liabilities
Creditors: Amounts falling due within one year
(660)
Net current assets/{liabilities)
Total assets less current liabilities
600,005
636,956
The funds of the charity
Endowment funds
10
600.005
636,956
Total charity funds
600.005
636,956
Approved by the Trustee and signed on its behalf by an authorised signatory.
Signed
J chesterton (Feb 10, 2025 13:41 GMT)
Joe Chesterton, Executive Director (Finan￿ & Resources)
Southend on Sea City Council for the Trustee
Date Feb 10, 2025

PRIORY PARK
Charity Registration No 1000195
Year Ended 31 March 2024
Notes to the Accounts
Note l Legal Statu5
Priory Park is an unincorporated charity registered in England and Wales (charity number 1000195).
Note 2 Accounting Pollcles
Bosls of preparation
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 l January 2015) -
(Charities SORP {FRS 102)}, and the Charities Act 2011.
Priory Park meet5 the definFtion of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless Otherwise ststed in the relevant accounting policy
notels). There are no material uncertainties about the charit(5 ability to continue as a going concern as a
result of the continued support of Southend Borough 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
Donation5 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 accrual basis exclusive 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. Buildings are depreciated on a
straight-line basis over a period between 20 and 40 years.

PRIORY PARK
Charity Registration No 1000195
st
Year Ended 31 March 2024
Note 2 Accountln8 Policies (continued)
Investment Property
Investment property is held at fair value with movement5 being taken to the Statement of Financial
Activities.
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 pass through the City Council's account,
and its cash balances are held within the City Council's general bank account.
Creditors and provisions
Creditor5 and provision5 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 rneasured or estimated reliably.
Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charity. These funds are used to support the day-to-day operations and any other
activities that align with the charity's mission.
Endowment funds are held in perpetulty. with the capital being invested to generate income. The income
from these investments IS Used in accordance with the donor's wishes or the charity'5 governing
documents to support specific projects or activities. The capital itself remains intact to ensure long-term
financial stability.
Critical accounting estimates ond 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 relewant. 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 ststements.
Note 3 Income from Donatlons
Donations of £195,66612023 £202,575) 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.
Donations of £1,520 {2023 £2,415) were receÉved frorn the public in respect of memorial trees.
10

PRIORY PARK
Charity Registration No 1000195
Year Ended 31. March 2024
Note 4 Income from Investments
2024
2023
Rent Priory Park Café
Rent Priory Park Bowling Pavilion
Rent Priory Park Lodge {part)
Interest
7,605
4.150
3,599
33
15.387
7,605
4.150
3.364
13
15,132
Note 5 Income from Charitsble Activities
2024
2023
Facilities Hire
Fees & Charges
5.860
26.533
32,393
2,441
7,138
9,579
Note 6 Cost of Charitsble Acttvities
2024
2023
Employees
Building/Ground Maintenance
Utilities
Transport
Insurance
Supplies & Services
Depreciation
Governance costs
Administration
53.546
57.673
53.011
996
5,800
72.599
36.951
840
501
48.617
81,308
44,311
278
4,611
49,475
36,951
660
441
281.917
266,652
The support costs incurred are the administration services provided by Southend City Council and
governance costs. Total support costs for the year were £1,341 (2023: £1.101).
Governance costs comprise solely of fees paid to independent examiners. During the year £84012023:
£660) was paid to the independent examiner in respect of examination services.
Employee costs relate to employees of the Council.
No staff were remunerated over £60,000 in the year.
The charity is managed by Southend City Council and doesn't have any key management personnel.
li

PRIORY PARK
Charity Registration No 1000195
Year Ended 31 March 2024
Note 7 Fixed Assets
Freehold Land
& Buildings
Asset cost, valuation or revalued amount
Balance as at 01/04123 and 31103124
920.770
Accumulated depreciation and impairment reviews
Balance brought forward @ 01/04/23
Charge for the year
Balan￿ carried forward @ 31103124
368,258
36,951
405.209
Net Book Value
Brought fonvard @ 01104123
Carrled fonyard @ 31103124
552,512
515.561
Note 8 Investment Property
Investment
Property
Fair Value
Balance brought forward @ 01/04123
Revaluation
84,444
Balance carried fonvard @ 31103124
The charity's investment property consists of the Priory Park Café and was valued on 31 March 2024 by
Jamie Redden MRICS.
Note 9 Credltors
Amounts falling due within one year
2024
2023
Other Creditors
660
Note 10 Endowment fund
The endowment fund arose from the donations of land as outlined in the background section of the
trustees, report.
12

PRIORY PARK
Charity Registration No 1000195
Year Ended 31" March 2024
Note 11 Trustee remuneration
No trustee was paid in respect of their ser4ices as a trustee in 2023 or 2024 and no expenditure was
reimbursed.
Note 12 Related Party Transartions
During the year the trustee (Southend City Council} donated £195.666 (2023: £202,575) to the Trust in
respect of the funding required to cover the operational deficit for the year and to cover the cost of works
required on the fixed assets of the trust. Southend City Council collected a further £47,780 (2023: £24,711)
on behalf of the Trust in respect of investment income and income generated from facilities hire. The Trust
paid the Council £244,126 in respect of operating costs for the year (2023: £229,040).
Note 13 Comparative Funds
2022/23
Unrestricted
Funds
restated
2022/23
Endowment
Funds
restated
2022123
Total
Funds
Restated
Note
Income From
Donations
Investments
Charitable activities
204,990
15,132
9,579
204,990
15,132
9,579
Total Income
229,701
229,701
Expenditure on
Charitable activities
229,701
36,951
266,652
Total expenditure
229,701
36,951
266,652
Net expenditure and movement in
funds
{36,951)
(36,951)
Reconciliatlon of funds
Total funds brought forward
Total funds carried forward
673,907
636.956
679,907
636.956
13

PRIORY PARK
Charity Registration No 1000195
Year Ended 31° March 2024
Note 14 Net Assets Between Funds
Year Ending 31st March 2024
Unrestricted
Endowment
Total
Fixed Assets
600,005
600,005
840
Current Assets
840
Current Llabilities
(840)
(840)
600,005
Total
600,005
st
Yeor Ending 31 March 2023
Unrestricted
Endowment
Total
Fixed Assets
636,956
636,956
660
Current Assets
660
Cu rrent Liabilities
{660}
{66Q)
636,956
Tota I
636,956
14