FOLKESTONE PARKS AND PLEASURE
GROUNDS CHARITY
Annual Report and Accounts for the Year
Ended 31 March 2024

Table of Contents
Annual Report............................................
Accounting and Reporting Responsibilities.........
Independent Auditor's Report......................
Statement of Financial Activities......
Balance Sheet.................................
.14
.16
Statement of Cash Flows...
2. Income.............................
17
.21
3. Contribution from Folkestone & Hythe District Council .
4. Employees and Management and Support Services................................................. ..
5. Premises and Grounds Expenses...
6. Governance Costs .
.21
21
21
21
7. Unrestricted Fund Analysis of Nel Income...............................
8. Fixed Assets...........
.22
.22
9. Debtors.........................................
10. Sum Held by Folkestone & Hythe District Council.
11. Creditors Due Within One Year..
12. Creditors Due After More Than One Year..............................
.24
.24
.25
.25
13. Fund Movements in the Year.........................................
.26
14. Analysis of Net Assets between Funds................................
15. Reconciliation of Net Cash Flow from Operating Activities .
16. Analysis of Cash and Cash Equivalents
17. Related Party Transactions...........................................
18. Key Management Personnel..........................
.27
.27
.28
.28
.29

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
INTRODUCTION
Folkestone & Hythe District Council, as Corporate Trustee, presents the annual report,
together with the financial statements, for the year ended 31 March 2024 for the
Folkestone Parks and Pleasure Grounds Charity ("the Charity").
1.2 The Charity's annual report and accounts have been prepared in accordance with the
Charities Act 2011 and Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance
with Financial Reporting Standards applicable in UK and Republic of Ireland (FRS 102)
"Charities SORP {FRS102)" together with the Charity s governing document.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity
Folkestone Parks and Pleasure Grounds
Charit
1006288
Folkestone & H the District Council
Cllr J Martin (Leader)
Cllr T Prater (Deputy Leader)
Cllr M Blakemore
Cllr P Blakemore
Cllr G Fuller
Cllr R Holgate
Cllr S Scoffham
Cllr R Shoob
Cllr J S eakman
Head of Paid Service - Susan Priest
Financial Advisor lo the Charity - Jonathan
Smith
Legal Advisor to the Charity - Nicola Murton
istration Number
Cor
orate Trustee
Names of the
Representatives of the
Trustee
Names of Chief Officers
Principal Office
Folkestone & Hythe District Council
Civic Centre, Castle Hill Avenue
Folkestone, Kent
CT20 2QY
Folkestone & Hythe District Council hold
balances on behalf of the Charity. The
Council's bankers are..
National Westminster Bank
Europa House, 49 Sandgate Road,
Folkestone, CT20 1 RU
Principal External Advisors
Bankers
Auditor
Begbies Chartered Accountants,
Unit 14, Park Barn, Evegate Business Park,
Smeeth, Ashford TN25 6SX
Investment Mana
ers
Folkestone & H the District Council

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Following the 1974 local government re-organisation, Folkestone & Hythe District Council
succeeded the Borough of Folkestone as Corporate Trustee for a number of areas of land
in Folkestone, each a charity in its own right, specifically provided as a park, pleasure
ground or recreation ground for the use and enjoyment of the inhabitants of the town and
its neighbourhood.
3.2 The areas of land are:
East Cliff and Warren
The Durlocks
Lower Sandgate Road (Coastal Park)
Radnor Park
Morehall Recreation Ground
Canterbury Road Recreation Ground
3.3 The individual charities all had identical objectives and to improve their administration a
successful application was made to the Charity Commission to combine them into one.
3.4 On 13 June 1991 the Folkestone Parks and Pleasure Grounds Charity was established,
by a Charity Commission scheme, for the provision of parks, pleasure grounds or
recreation grounds for the use and enjoyment of the inhabitants of the former Borough of
Folkestone and the neighbourhood thereof.
3.5 In accordance with the constitution of Folkestone & Hythe District Council, the Council's
cabinet carries out its Corporate Trustee functions.
3.6 The cabinet consists of the leader who is elected by the Council, together with at least
two, but no more than nine, councillors appointed to the cabinet by the leader. The current
cabinet is shown at 2.4. Councillors are required to stand for election by the public every
four years.
3.7 Day to day management of the Charity is delegated to chief officers in accordance with
the Council's constitution. The names and designations of chief officers are shown at 2.5.
3.8 The Charily is managed on the same basis as the Council's own recreation service and
is subject lo the same codes and protocols specified in the Council's constitution.
3.9 Risk Management
The major risks to which the Charity is exposed are managed within Folkestone & Hythe
District Council's risk management strategy and policy.
3.10 It is the overall responsibility of the cabinet to approve the Council's risk management
policy and strategy, to review il on an annual basis and to promote a culture of risk
management awareness throughout the Council, including the Charity.
3.11 The Council's constitution specifies the risk management responsibilities of the head of
paid service, the corporate directors and service managers.
3.12 Risks are identified, assessed and controls established throughout the year. The key
controls used by the Council and the Charity include..

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
formal written policies, codes and protocols.,
established organisational structure and lines of reporting;
clear authorisation and approval levels;
comprehensive strategic planning, budgeting and budgetary control;
effective insurance cover and vetting procedures.,
regular training and guidance;
maintenance of risk registers.
formal agendas, reports and terms of reference for meetings, projects etc.
3.13 Through the Council's risk management processes established for the Charity the cabinet,
representing the Corporate Trustee, is satisfied that any identified major risks have been
adequately mitigated where necessary. It is recognised that systems can only provide
reasonable but not absolute assurance that major risks have been adequately managed.
OBJECTIVES AND ACTIVITIES
Objective of the Charity
The Charity's objective, as set out in the Charity Commission scheme, is the provision of
parks, pleasure grounds or recreation grounds for the use and enjoyment of the
inhabitants of the area of the former Borough of Folkestone and its neighbourhood.
4.2 The parks and recreation grounds consist of the following:
East Cliff and Warren
The Durlocks
Lower Sandgate Road (Coastal Park)
Radnor Park
Morehall Recreation Ground
Canterbury Road Recreation Ground
4.3 The representatives of the Corporate Trustee confirm that they have referred to the
guidance contained in the Charity Commission's general guidance on public benefit when
reviewing the aims and objectives of the Charity and in planning future activities.
4.4 Aims and Intended Impact
The principal aim of the Charity is to ensure the maintenance of the parks and recreation
grounds, including public conveniences on charity land, in accordance with agreed
specifications so that the residents of Folkestone and Sandgate can continue to use them
for leisure pursuits and to enjoy the benefits of open spaces in an urban area.
4.5 Maintenance includes grass and hedge cutting, shrub and rose beds, herbaceous
borders, annual bedding displays, tree stock, ponds and associated structures such as
fences, walls, paths, car parks and public conveniences.
4.6 The Charity also provides sports facilities at East Cliff (bowls, golf, putting and tennis) and
allows attractions to take place on the sites, particularly Radnor Park (e.g. annual donkey
derby, amusements and boot fairs).
4.7 The success of the coastal park on the Lower Sandgate Road continues after 20+ years
of it's opening in 2000. The park is monitored by CCTV and has a warden. It has an
approximate area of 25 hectares designed into three zones.

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
4.8 The formal zone comprises pine avenues, fomial planting and hard landscaping. The fun
zone contains the largest free play area in the southeast as well as a zigzag path and
amphitheatre. The wild zone encourages wildlife through sensitive habitat management.
4.9 Objectives for 2023124
The main objective for 2023124 was to ensure that the maintenance of the charitable land
continued to the agreed standards.
4.10 This links to Folkestone & Hythe's strategic objective 'A thriving environment, of providing
a clean, attractive and safe environment for residents, visitors and businesses.
4.11 Key actions for 2023124 were the retention of the Green Flag accreditation national
recognition for the Coastal Park and Radnor Park, ensuring a summer events programme
in the Coastal Park and Radnor Park.
REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR 2023124
Radnor Park
The park continues to be popular with local residents and is being well used and has
retained its Green Flag Award for the seventh year running.
A new pétanque group was founded by local residents in order to raise funding for
permanent square. Funding was secured by the group, with a new pétanque square
installed in January 2024.
Following the introduction of five Bee Kind I wildlife areas in 2022123, new grass cutting
regimes have been introduced with two conservation cuts taking place (July & October).
5.2 Coastal Park
The Coastal Park continues to be the key destination play site for the District, retaining its
Green Flag status for the 17th consecutive year.
The six free family rock-pooling sessions were still popular and well attended.
A free Shakespeare production was performed by Changeling theatre was extremely well
attended and received.
A total ban of BBQS announced in June 2020 has resulted in a large decrease in littering,
vandalism and parking issues in the park,. this remains in place.
This financial year also saw the installation of Changing Places toilets designed to cater
for the needs of disabled adults and their carers within the Coastal Park.
In June 2023, a new concessions kiosk and toilet block opened near the foot of the Zig-
Zag path. The new building includes four additional toilets, one of which is a disabled
facility. The kiosk and toilet block are powered by solar panels and have a green roof.
Four battery powered backpack blowers were purchased in February 2023 with the aim
to minimise noise and pollution in the park during grounds maintenance activities.

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
5.3 East Cliff Sports
The sports facilities continue to be well used by the public and schools alike with similar
income levels to 2022123.
A new mower was purchased for the maintenance of the golf greens.
The kiosks on East Cliff are looking to adopt a cashless system which will reduce
administration costs (dealing with cash).
5.4 Beach Chalets- Marine Walk
The refurbishment of the Beach Chalets and local infrastructure along Marine Walk below
the Coastal Park, agreed by the FPPG Trustees in October 2019, was completed in
February 2021 . Working together with Creative Folkestone, particularly the Artist Rana
Begum, the Charity successfully delivered a colourful scheme which received positive
national coverage. The Chalets continue to be viewed positively by the local community
and are being enjoyed by tenants with 100 % occupancy (115).
The final cost of the project was £577,000 against a budget of £500,000. The Council
agreed an additional financial contribution of £69,500 to be repaid over the original ten
year period in equal instalments from surpluses generated from rental income and the
remaining £7,500 was funded by a contribution from the Creative Foundation. The Charity
made its first annual repayment in 2021122 when a sum of £56,544 was repaid; the third
payment towards this was made in 2023124.
FINANCIAL REVIEW 2023124
6.1 The charity ran an operating deficil of £13,000 in 2023124 (£58,000 surplus 2022123),
broadly in line with budget, given the 'cost of living, crisis.
6.2 Net revenue expenditure is defined as net expenditure on unrestricted funds excluding
depreciation and is met by a contribution from Folkestone & Hythe District Council, as it
is the intention for the charity to achieve a breakeven position each year. See Note 7 for
the analysis of net income.
6.3 The net revenue expenditure supported the objectives of the Charity by financing the
maintenance of charitable open Spa￿S, the provision of sports facilities at East Cliff and
the management of the Coastal Park.
6.4 The net expenditure of the Charity was financed by Folkeslone & Hythe District Council.
6.5 Reserves Pollcy
The day-to-day finances of the Charity are administered within the financial systems of
the Council, which also finances the net cost of the Charity on an ongoing basis. As a
result there are no separate balances representing resources set aside for Charity
purposes such as general contingencies and cash flow management.
6.6 The Charity's general fund had a surplus of £158,000 at the end of 2023124 (£171,000
2022123).

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
6.7 Investment Policy and Performance
At the start of 2023124 Folkestone & Hythe District Council held £118,434 on behalf of the
Charity. That sum represented the brought forward balance of past proceeds of the sale
of charitable assets and is managed by the Council as part of its overall investment
portfolio. The Council's investment activity during 2023124 complied with its approved
Investment Strategy for the year. Most investments made were for up to a maximum of
12 months duration, reflecting the gradual rise in interest rates from their historically low
base. The Council will continue to take a cautious approach around the credit risk of
counterparties available to invest with. The Council also has a strategic long term
investment in the CCLA Local Authority Property Fund.
6.8 The Charity also holds five properties (valued at £1,901,000) that are leased at
commercial rents and are classed as investment assets.
6.9 The Charity's accounts showing the financial performance for the year ending 31 March
2024 are set out on pages 14 to 29. They consist of the following..
The Statement of Financial Activities - which shows all resources made available
to the Charity and all expenditure incurred by it.
The Balance Sheet - which sets out the financial position of the Charity at the year
end. It shows the balances and reserves at the Charity's disposal and its long term
indebtedness, together with summarised information on the fixed assets held.
The Statement of Cash Flows
which shows how the Charity has used cash
generated by its activities and changes in cash and cash equivalents held by the
Charity.
b)
6.10 The accounts are supported by the Statement of Accounting Policies and various notes
to the accounts.
6.11 The charity finished the year with a surplus of £577,000 largely due to gains arising on the
revaluation on investment assets, bringing the total reserves to £5,648,000. Of these
funds £2,729,000 are restricted and £118,000 are endowment funds. At the balance sheet
date £5,875,000 of the reserves are represented by fixed assets and could only be
accessed by the sale of those assets.
FUTURE PLANS
7.1 The Charity will be considering enhancing a number of its land and property assets with
the intention of furthering the aims of the Charity and continues to improve the parks and
pleasure ground facilities for the people of Folkestone and the surrounding areas.
7.2 Draft master-planning work commenced to potentially create a new destination play area
and leisure hub at East Cliff following approval of the Play Area Strategy 2020-2030
which identified the site as a Priority Play Area. A full public consultation commenced in
2023124,. in July 2024, Trustees of the charity considered the response to the public
consultation. It was agreed not to increase the leisure facilities at East Cliff but for the
council to explore external sources of funding to improve the play area and address the
cost of maintaining the existing sports facilities.

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
AUDIT OF THE CHARITY'S ACCOUNTS
Begbies Chartered Accountants have been appointed to audit the 2023124 accounts in
accordance with the Charities Act 2011 .
FURTHER INFORMATION
Further information about the Charity can be obtained from Susan Priest, Head of Paid
Service, Folkestone & Hythe District Council, Civic Centre, Castle Hill Avenue,
Folkestone, Kent CT20 2QY. (01303 852303) susan.
riest
folkestone-h the.
ov.uk.
The Annual Report for the year ended 31 March 2024 approved by the Cabinet of
Folkestone & Hythe District Council, the Corporate Trustee, on 15 October 2025 and
signed on its beh If by..
Signed..
Date:
Cllr J Martin
Chair
Folkestone Parks and Pleasure Grounds Charity

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING AND REPORTING RESPONSIBILITIES
Folkestone & Hythe Districl Council as the Corporate Trustee of the Charity is responsible for
preparing a Trustees, Annual Report and financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales requires Folkestone & Hythe District
Council to prepare financial statements for each year which give a true and fair view of the state
of affairs of the charity and of the incoming resources and application of resources, of the charity
for that period. In preparing the financial statements, the representatives of the Corporate
Trustee are required to..
select suitable accounting policies and then apply them consistently-,
observe the methods and principles in the applicable Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
Folkestone & Hythe District Council as the Corporate Trustee is responsible for keeping proper
accounting records that disclose with reasonable accuracy at any time the financial position of
the charity and to enable them to ensure that the financial statements comply with the Charities
Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the
Trust deed. They are also responsible for safeguarding the assets of the charity and taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Folkestone & Hythe District Council is responsible for the maintenance and integrity of the charity
and financial information included on the charity's website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from legislation
in other ju risdictions.
We certify that the financial statements on pages 14 to 29. have been prepared in accordance
with the accounting policies set out on pages 18 to 20 and that il presents fairly the financial
position of the Folkestone Parks and Pleasure Grounds Charity at 31 March 2024 and the
Charity's incoming and outgoing resources for the year then ended.
Signed
Signed
61A ITII
Date
Cllr J
S Oc+01￿ 202 r
in
Date i< Oolvbei l¢lS
Chair
Folkestone Parks and
Pleasure Grounds Charity
Financial Advisor to the
Folkestone Parks and
Pleasure Grounds Charity

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
Report of the Independent Auditor to the Members of Folkestone Parks and Pleasure
Grounds Charity
Opinion
We have audited the financial statemenls of Folkestone Parks and Pleasure Grounds Charity for
the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance
Sheet, the Statement of Cash Flows and the related notes, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation
is applicable law and United Kingdom Accounting Standards, including Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of the
charity's net movement in funds for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011 .
Basis for opinion
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in
accordance with the Act and relevant regulations made or having effect thereunder. We
conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK))
and applicable law. Our responsibilities under those slandards are further described in the
Audilor's responsibilities for the audit of the financial statements section of our report. We are
independent of the charity in accordance with the ethical requirements that are relevant to our
audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating
to events or conditions that, individually or collectively, may cast significant doubt on the charity's
ability to continue as a going concern for a period of at least twelve months from when the
financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the
information included in the Trustees, Report. Our opinion on the financial statements does not
cover the other information and, except to the extent otherwise explicitly stated in our report, we
do not express any form of assurance conclusion thereon.

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent
with the financial statements or our knowledge obtained in the audit or otherwise appears to be
materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material misstatement in the
financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information,
we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities
(Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
adequate accounting records have not been kept by the charity., or
sufficient accounting records have not been kept., or
the charity financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees for the financial statements
As explained more fully in the trustees, responsibilities statement, the trustees are responsible
for the preparation of the financial slatements and for being satisfied that they give a true and
fair view, and for such internal control as the trustees determine is necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to fraud
or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's
ability to continue as a going concern, disclosing, as applicable, matters related to going concern
and using the going concern basis of accounting unless the trustees either intend to liquidate the
charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinion. Reasonable assurance is a high level of assurance,
but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect
a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our procedures
are capable of detecting irregularities, including fraud is detaiSed below..
Based on our understanding of the charity and the environment in which it operates, we identified
that the principal risks of non-compliance with laws and regulations related to charity law, and
we considered the extent to which non-compliance might have a material effect on the financial
statements. We also considered those laws and regulations that have a direct impact on the
preparation of the financial statements such as Charities Act 2011 and the Charities SORP.

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
We evaluated management's incentives and opportunities for fraudulent manipulation of the
financial statements (including the risk of override of controls), and determined that the principal
risks were related to posting inappropriate journals entries and management bias in certain
accounting estimates and judgements such as valuation of the unlisted investments. Audit
procedures performed by the engagement team included:
The engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilities and skills to identify or recognise non-compliance with applicable laws
and regulations;
Discussions with management including consideration of known or suspected instances of non-
compliance with laws and regulation and fraud;
Agreement of the financial statement disclosures to underlying supporting documentation.,
Enquiries and confirmation of management and the trustees as to their identification of any non-
compliance with laws or regulations, or any actual or potential claims;
Review of minutes of Board meetings throughout the period;
Incorporating unpredictability into the nature, timing andlor extent of testing.,
Evaluation of the selection and application of the accounting policies chosen by the charity; and
Evaluating management's controls designed to prevent and detect irregularities.
Because of the inherent limitations of an audit, there is a risk that we will not detect all
irregularities, including those leading to a material misstatement in the financial statements or
non-compliance with regulation. This risk increases the more that compliance with a law or
regulation is removed from the events and transactions reflected in the financial statements, as
we will be less likely to become aware of instances of non-compliance. The risk is also greater
regarding irregularities occurring due to fraud rather than error, as fraud involves intentional
concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on
the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This
description forms part of our audilor's report.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with section 144 of
the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has
been undertaken so that we might state to the charity's trustees those matters we are required
to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted
by law, we do not accept or assume responsibility to anyone other than the charity's trustees as
a body for our audit work, for this report, or for the opinions we have formed.
Begbies Chartered Accountants
Statutory Auditors
Unit 14, Park Barn
Evegate Business Park
Smeeth, Ashford
TN25 6SX
Begbies is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
2023124
Unrestri Restric- Endow-
c-ted
ted
ment
Fund
Funds
Funds
£'ooo
£'ooo
£'ooo
Total
£'ooo
Income and Endowments from:
Donations for projects
Charitable Activities
Investment Income (nole 2)
Contribution from Folkestone & Hythe DC (note 3)
Totsl
24
24
194
350
612
1,180_
194
350
612
1,156
24
Expenditure on:
Charitable Activities
Operation of Parks and playgrounds
Employees (note 4)
Premises & Grounds (note 5)
Supplies and Services
Management and Support Services (note 4)
Governance Costs (note 6)
Depreciation
Totsl
23
844
104
187
23
868
104
187
11
23
1,216
24
23
47
1,169
Gainsl(Losses) on Investment assets
Gainsl(Losses) on Revaluation of Fixed Assets
612
612
Net (Expenditure)Ilncome
600
(23)
577
Transfers Between Funds
Net Movements in Funds
600
(23)
577
Reconciliation of Funds:
Total funds brought forward
Total funds carried forward
2,201
2.801
2,752
2,729
118
118
5,071
5,648
14

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
2022123
Unrestric- Restric- Endow-
ted Fund ted Funds
ment
Funds
£'ooo
Total
£'ooo
£'ooo
Income and Endowments from:
Donations for projects
Charitable Activities
Investment Income (note 2)
Contribution from Folkeslone & Hythe DC (note 3)
Total
19
19
171
219
514
923
171
219
514
904
19
Expendlture on:
Charitable Activities
Operation of Parks and playgrounds
Employees (note 4)
Premises & Grounds (note 5)
Supplies and Services
Management and Support Services (note 4)
Governance Costs (note 6)
Depreciation
Total
20
671
101
46
20
709
101
46
38
23
61
23
907
846
Gainsl(Losses) on Investment assets
Gainsl(Losses) on Revaluation of Fixed Assets
228
228
Not (Expendltura)Ilncom•
286
(42)
244
Transfers Between Funds
Net Movements In Fundsrnllv
286
(42)
244
Roconclllatlon of Funds:
Total funds brought foward
Total funds carried fO￿ard
1,915
2,201
2,794
2,752
118
118
4,827
5,071

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
BALANCE SHEET AS AT 31 MARCH 2024
2023124
£'ooo
2022123
£'ooo
FIXED ASSETS (note 8)
Freehold Land and Buildings
Fixtures, Fittings and Equipment
Infrastructure Assets
Investment Assets (Properties)
Totsl Fixed Assets
3,821
79
74
1,901
5,875
3,821
96
79
1,289
5,285
CURRENT ASSETS
Debtors (note 9)
Totsl Current Assets
203
203
290
290
LIABILITIES
Creditors: due within 1 year (note 11)
Net Current Assets
92
111
109
181
Total Assets Less Current Liabilities
5,986
5,466
Creditors: due after more than 1 year (note 12)
338
395
TOTAL NET ASSETS
5,648
5,071
THE FUNDS OF THE CHARITY
Endowment Fund
Restricted Funds:
Capital Grants Reserve
Unrestricted Funds:
Revaluation Reserve
Unrestricted General Fund
TOTAL CHARITY FUNDS (note 13)
118
118
2,729
2,752
2,643
158
5,648
2,030
171
5,071
Approved by the Cabinet of Folkestone & Hythe District Council, the Corporate Trustee, on 15
October 2025
signed on its behalf by..
Signed
Date
Cllr Jim Martin
Chair
Folkestone Parks and Pleasure Grounds Charity
16

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 MARCH 2024
2023124
£'ooo
2022123
£'ooo
Cash flows from operating activities:
Net cash provided by operating activities (note 15)
(379)
(211)
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of investment
Net cash provided byl(used in) investing activities
350
219
350
219
Cash flows from financing activities..
Repayments of borrowing
Cash inflows from new borrowing
Net cash (used in)Iprovided by financing activilies
(57)
(57)
(57)
(57)
Change in cash and cash equivalents in the year
(86)
(49)
Cash and cash equivalents at the beginning of the year
(note 16)
290
339
Cash and cash equivalents at the end of the year (note 16)
203
290
At31
March
2024
£'ooo
Analysis of changes in net debt:
At 1 April Cashflows
2023
£'ooo
£'ooo
Cash at bank in hand
290
(87)
203
Debt..
Loans
(452)
57
{395)
Net debt
(162)
(30)
{192)

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
1. Statement of Accounting Policies
Basis of the Preparation of Accounts
The accounts (financial statements) have been prepared in accordance with the Charities SORP
(FRS102), the Charities Act 2011 and applicable regulations. The accounts have been prepared
on a going concern basis and under the historical cost convention with items recognised at cost
or transaction value unless otherwise stated in the relevant note(s) to these accounls. The charity
constitutes a public benefit entity as defined by FRS 102.
The Trustee considers that there are no material uncertainties about the charity's ability to
continue as a going concern.
Income and Expenditure
The revenue and capital accounts of the Charity are maintained on an accruals basis. That is,
sums due to or from the Charity are accounted for in the year to which they relate whether or not
the cash has actually been received or paid in the year. Accounts are accrued on an estimate
basis where actual figures are not known.
Income is recognised once the charity has sufficient certainty of receipt and the amount of
income can be measured reliably.
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 settlement will be required and the
amount can be measured reliably. Irrecoverable VAT is charged against the expenditure heading
for which it was incurred.
Grants and Contributions
Revenue grants and contributions are matched with the expenditure to which they relate.
Where the acquisition of a fixed asset is financed either wholly or in part by a grant or other
contribution, the Charity will normally have entitlement to the incoming resource when it is
receivable. At this point the income is recognised in the Statement of Financial Activities and is
not deferred over the life of the asset.
Grants and other contributions are accounted for on an accruals basis and recognised in the
accounting statements when the conditions for their receipt have been complied with and there
is reasonable assurance that the grant or contribution will be received.
Overheads
There is a recharge from the accounts of Folkestone & Hythe District Council, based on time
allocations, to reflect the cost of administrative and management support for the Charity.

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
ststement of Accounting Policies (continued)
Fixed Assets
Capitalisation
All expenditure on the acquisilion, creation or enhancement of fixed assets is capitalised on an
accruals basis in the accounts. Generally expenditure of over £10,000 on fixed assets is
capitalised, provided that the fixed asset yields benefits to the Charity and the services it
provides, for a period of more than one year, excluding routine repairs and maintenance of fixed
assets which is charged directly to resources expended.
Valuation
Freehold land and buildings are included in the balance sheel at the lower of net current
replacement cost or net realisable value in existing use.
Fixtures, fittings and equipment are included in the balance sheet at historical cost.
Investment assets (properties leased at commercial rent) are included in the balance sheet at
the lower of net current replacement cost or net realisable value. This is normally open market
value.
The surpluses arising on the initial valuation of fixed assets have been credited to the revaluation
reserve. Subsequent revaluations of fixed assets are planned at five yearly intervals, although
material changes to asset valuations will be adjusted in the interim period, as they occur. For
example, assets are reviewed annually for impairment loss. In accordance with this policy the
fixed assets were re-valued as at 31 March 2024.
Any assets acquired underfinance leases are also capitalised in the Charity's accounts, together
with the liability to pay future rentals.
Depreciation
Depreciation is provided for on all fixed assets with a finite useful life, which can be determined
at the time of acquisition or revaluation. Depreciation is based on the asset value included in the
balance sheet. The straight line method of calculation is used.
Depreciation is not provided for freehold land or investment assets.
Depreciation rates for other tangible assets are as follows:
functional buildings
20-35 years
fixtures, fittings and equipment
5-10 years
infrastructure assets
20 years
Financial instruments
The charity only enters into basic financial inslruments that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, and loan balances
with its parent entity, Folkestone & Hythe District Council. Financial assets and liabilities are
payable within 12 months for short term financial assets and liabilities, and are measured at the
transaction price less provisions for impairment.
19

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
statement of Accounting Policies (continued)
Funds Structure
a) General Fund this is an unrestricted income fund available to the Trustee to apply for the
general purposes of the Charity.
b) Revaluation Reserve
this is an unrestricted capital fund arising from the revaluation of the
Charity's fixed assets. It is not available for revenue purposes.
c) Capital Grants Reserve
this is a restricted fund reflecting the book value of fixed assets
fInan￿d by capital grants. The fund is reduced over the useful economic life of the assets in line
with their depreciation policy.
d) Endowment Fund this is a restricted fund holding capital receipts from the disposal of the
Charity's fixed assets. Investment income from this fund is transferred to the general fund.
Taxation
Folkestone Parks and Pleasure Grounds Charity is a registered charity and is therefore
potentially exempt from taxation on its income and gains as the charity falls within the definition
of a charitable trust as defined in Part 1, Schedule 6 of the Finance Act 2010. No tax charge has
arisen in the year.
Judgements and key sources of estimation uncertainty
The Trustee does not consider that there are any sources of estimation uncertainty at the
reporting date that have a significant risk of causing a material adjustment to the carrying
amounts of assets and liabilities within the next reporting period.
The most significant area of judgement and key assumptions that affect items in the accounts
relate to the revaluation of land and buildings.
Valuations are not reported as being subject to 'material valuation uncertainty, as defined by VPS
3 and VPGA 10 of the RICS Valuation- Global Standards, except in respect of Retail and specific
trading related assetslsectors such as camp sites, as at the valuation date there continues to be
an absence of relevanusufficient market evidence on which to base judgements. Consequently,
less certainty and a higher degree of caution should be attached to the valuations of these assets.
This does not apply to Freehold Land & Buildings.
20

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
Income
Investment income
2023124
£'ooo
185
2022123
£'ooo
158
Rental Income (UK)
External Investment Interest
Share of centrally determined investment income recharge
165
350
53
219
Donations
Donations of £24,245 were received in 2023124.
Contribution from Folkestone & Hythe District Council
The net expenditure of the Charity is met from the resources of Folkestone & Hythe District
Council and is treated as a special expense chargeable through Council Tax on the area of the
former Borough of Folkestone (the current area of Folkestone and Sandgate).
Employees and Management and Support Services
The Charity does not directly employ any staff. Staffing costs, including an on-cost to recover
Folkestone & Hythe's pension and national insurance overheads, are charged from the payroll
of Folkestone & Hythe District Council either directly or through an apportionment based on time
allocations. All apportioned staffing costs are included under 'managemenl and support
seNices'.
No employee of Folkestone & Hythe District Council charged total employee benefits (excluding
employer's pension contributions) in excess of £60,000 to the Charity in 2023124.
Premises and Grounds Expenses
The costs included in this heading are those relating to the grounds maintenance service and
maintenance of the Charity's assets including utility costs. Both maintenance services are
provided by Folkestone & Hythe District Council.
Governance Costs
2023124
£'ooo
2022123
£'ooo
Auditor's Remuneration - Current Year
Valuation Fees
Public Consultantion Fees
11
Fees for audit of the 2023124 accounts are estimated at £4k and have been accrued in 2023124.

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Fund - Analysis of Net Income
2023124
Running
Costs
£'ooo
118
245
483
51
51
41
989
2023124
Income
2023124
Net
Total
£'ooo
64
87
429
51
51
(96)
586
28
2022123
Net
Total
£'ooo
107
59
279
43
43
(76)
455
(7)
£'ooo
{54)
(158)
(54)
East Cliff & Warren (including Durlocks)
Lower Sandgate Road
Radnor Park
Morehall Recretional Ground
Canterbury Road Recretional Ground
Marine Walk Beach Chalets
Subtotal
Management and Support Ser￿1￿$
Governan￿ Costs
Subtotal
Contributlon from Folkestone & Hythe District
Councll
Net Income Before Transfers
Gross Transfer between funds
Net Income Before Other Recognlsed Galns
and Losses
(137)
(403)
39
(612)
13
(514)
(58)
13
(58)
Fixed Assets
a) Definitions of Fixed Assets
Freehold Land and Buildings- functional assets used in the delivery of services, possibly income
producing e.g. car parks, sports facilities etc.
Fixtures, Fittings and Equipment- play area equipment at the Coastal Park and play equipment
at Radnor Park and Canterbury Road Recreation Ground,
Infrastructure Assets
long-lived capital assets, normally stationary in nature and can be
preserved for a significantly greater number of years than most capital assets e.g. surfacing and
landscaping at Radnor Park.
Investment Assets - freehold land and buildings that are leased at commercial rents.
There is no historic cost to the charity of the revalued assets as they were transferred with no
charge in 1991 on the formation of the charity.
22

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
b) Movement in Fixed Assets
'Land
and
Building
Assets
under
Construc-
tion
,Total
£'ooo £'ooo
Fixtures
Infra-
Investm
structur
ent
Fittings e Assets Assets
£'ooo
£'ooo
£'ooo
£'ooo
Cost or valuation
01 April 2023
Additions
Revaluations
31 March 2024
3,832
454
109
1,289
612
1,901
613
6,297
3,833
454
109
Accumulated
Depreciation and
Impairment
Provision
01 April 2023
Revaluations
Charge for year
31 March 2024
11
358
30
399
17
375
23
422
12
35
Net Book Values
31 March 2024
31 March 2023
3,821
3,821
79
96
74
79
1,901
1.289
5,875
5,285
"The historical cost of Land and Buildings included above is £2,689,000 (2023.. £2,689,000)
c) Fixed Asset Valuation
The Charity's freehold land and buildings and investment assets (properties), were re-valued at
31 March 2024 by an external independent valuer - Wilks, Head & Eve Chartered Surveyors -
on the under-mentioned bases in accordance with the Statements of Asset Valuation Practice
and Guidance Notes of The Royal Institution of Chartered Surveyors.
Freehold Land and Buildings - are valued on the basis of open market value for the existing use
or, where this could not be assessed because there was no market for an assel, the depreciated
replacement cost.
23

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
Investment Assets (properties) - are valued on the basis of open market value.
d) Approximate Area of Charity's Land
31 Mar 24 31 Mar 23
Hectares
Hectares
102
102
13
13
East Cliff and Warren (incl Durlocks)
Lower Sandgate Road
Radnor Park
Morehall Recreation Ground
Canterbury Road Recreation Ground
130
130
Debtors
2023124
£'ooo
203
2022123
£'ooo
290
Sum Held By Folkestone & Hythe District Council (see note 10)
Trade debtors
203
290
10. Sum Held by Folkestone & Hythe District Council
The Council's investments, including the Charity's capital receipts, are now managed in-house.
The Charity's capital receipts are not in a ring-fenced investment but are part of Folkestone &
Hythe's overall investment funds.
Folkestone & Hythe District Council also holds the Charity's day-to-day cash balance in one of
its bank accounts. Sums held by the Council on behalf of the Charity are now treated as a debtor
balance to acknowledge that the Council has custody of the funds but not beneficial ownership.
2023124
2022123
£'ooo
£'ooo
118
118
Capital Receipts from Disposal of Fixed Assets
(Endowment Fund held by F&HDC)
Grants and Contributions (net of loans between F&HDC and
FPPG)
(Restricted Funds held by F&HDC)
(108)
{51)
General Reserve
(Unrestricted Funds held by F&HDC)
158
171
Movement in Trade Debtors and Creditors
(Administered by F&HDC)
35
52
203
290
24

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
11. Creditors Due Within One Year
2023124
£'ooo
2022123
£'ooo
Trade Creditors
Accruals
Deferred Income
Deposits
Loan due to F&HDC
12
22
44
57
92
57
109
12. Creditors Due After More Than One Year
2023124
£'ooo
338
338
2022123
£'ooo
395
395
Loan due to F&HDC
Following completion of the Beach Chalets and local infrastructure in February 2021, the Charity
had total borrowing with FHDC totalling £569,500 (see section 5.4 in the Trustees Report). The
borrowing period is 10 years and the indicative annual capital financing cost is estimated to be
£62,000 and the Charity will meet the financing costs over a 10 year period from the gross
additional revenue income generated from the scheme. A sum of £56,544 was repaid during the
financial year. This equates to an effective annual interest rate of 20/0.
25

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
13. Fund Movements in the Year
Movement in current year
Balance at
31 March
2023
£'ooo
Balance at
31 March
2024
£'ooo
Net Income
Transfers
£'ooo
£'ooo
Restricted Funds:
Capital Grants Reserve
Endowment Fund
2,752
118
(23)
2,729
118
Unrestricted Funds:
Revaluation Reserve
General Fund
2,030
171
613
(13)
2,643
158
5,071
577
5.648
b)
Movement in prior year
Balance at
31 March
2022
£'ooo
Balance at
31 March
2023
£'ooo
Net Income
Transfers
£'ooo
£'ooo
Restricted Funds:
Capital Grants Reserve
Endowment Fund
2,794
118
(42)
2,752
118
Unrestricted Funds:
Revaluation Reserve
General Fund
1,802
113
228
58
2,030
171
4,827
244
5,071
26

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
14. Analysis of Net Assets between Funds
Net
Long
Current
Term
Assets Liabilities
£'ooo
£'ooo
Fixed
Assets
£'ooo
Fund
Balances
£'ooo
2023124
Restricted Funds:
Capital Grants Reserve
Endowment Fund
Unrestricted Funds:
Revaluation Reserve
General Fund
2,729
2,729
118
118
2,643
503
5,875
2,643
158
5,648
(7)
111
(338)
{338)
Net
Long
Current
Term
Assets Liabilities
£'ooo
£'ooo
Fixed
Assets
£'ooo
Fund
Balances
£'ooo
2022123
Restricted Funds:
Capital Grants Reserve
Endowment Fund
Unrestricted Funds:
Revaluation Reserve
General Fund
2,752
2,752
118
118
2,030
503
5,285
2,030
171
5,071
63
181
(395)
{395)
15. Reconciliation of Net Cash Flow from Operating Activities
2023124
2022123
£'ooo
jtstJ', £'OOO
Net (expenditure)lincome for the reporting period
(as per statement of financial activities)
577
244
Adjustments for..
Depreciation charge
Lossl(Gains) on investments
Lossl(Gains) on fixed assets
Dividends, interesl and rents from investments
(Increase)IDecrease in debtors
Increasel(Decrease) in creditors
24
(612>
(11 •• (228>
(350)
(219)
23
{17)
(39)
Net cash provided byl(used in) operating activities
(379)
(211)
27

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
16. Analysis of Cash and Cash Equivalents
2023124
£'ooo
2022123
£'ooo
Sum held by Folkestone &Hythe District Council
203
290
Total cash and cash equivalents
203
290
17. Related Party Transactions
The Charity is required to disclose material transactions with related parties, bodies or individuals
that have the potential to control or influence the Charity (or to be controlled or influenced by the
Charity). Disclosure of these transactions allows readers to assess the extent to which the
Charity might have been constrained in its ability to operate independently (or might have
secured the capability to limit another party's ability to bargain freely with the Charity).
Folkestone & Hythe Districl Council has effective control over the general operations of the
Charity. It is responsible for providing the majority of the Charity s funding by financing its net
cost. The Corporate Trustee duties of the Council are carried out by its cabinet councillors. The
Charity's management and support and grounds maintenance is provided by Council officers.
Councillors are required to observe the code of conduct for councillors, register financial interests
under section 81(1) of the Local Government Act 2000 and register the receipt of any
giftslhospitality over £25. There are no material related party transactions with councillors to
disclose for 2023124.
Officers are required to observe the code of conduct for officers and register the receipt of any
giftslhospitality. The Charity had no material related party transactions with officers during
2023124.
Loan interest charges on the capital loan from the Council equates to an effective annual interest
rate of 20/0.
Material amounts included in the Charity's accounts relating to Folkestone & Hythe District
Council are as follows..
2023124
£'ooo
(612)
187
(165)
2022123
£'ooo
(514)
46
(53)
Contribution to finance net expenditure
Provision of management and support services
Share of ￿ntrallY determined inveslment income recharge
Provision of grounds maintenance and cleansing services
(see note 5)
868
709
28

FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
18. Key Management Personnel
The Corporate Trustee, Folkestone & Hythe District Council, constitutes the key management
personnel of the Charity. The cabinet members of Folkestone & Hythe District Council, as listed
on page 1, have not received any remuneration or expenses for carrying out the Corporate
Trustee function on behalf of the Council.
29