2024-03-31-accounts

HIGHFIELDS LEISURE PARK TRUST Annual Report for the year ended 31 March 2024 Registered Charity number 1006603

CONTENTS Page Report of the Trustees for the year ended 31 st March 2024 Objectives and Activities for the Public Benefit Achievements and Performance Financial Review Plans for Future Periods 10-13 Structure. Governan¢e and Management 14-15 Reference and Administrative Information 16-17 The Financial Statements 18-20 Notes to the Financial Statements 21 Independent Examiners Report

REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31ST MARCH 2024 The trustees present their annual report and financial statements of the Gharity for the year ended 31 st March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to Ihe accounts and comply with the charity's trust deed, the Charities Act 2011 and 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 published on 16 July 2014. OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT Highfields Leisure Park Trust is a charity of which the Council is sole trustee and is responsible for the general control and management of the charity. These responsibilities are delegated to the Trusts and Charities Committee by full Council. The Trusts and Charities Committee give their time freely and receive no remuneration or other financial benefits. Objective The primary objective ofthe charity is to provide public recreation and pleasure grounds for the people of Nottingham forever. To achieve this, a programme of ongoing maintenance of grounds and equipment is completed each year. This ensures the provision of well-maintained good quality public recreation facilities. The Trustee confirm they have referred to the Charity Commission guidance on public benefit when reviewing the aims and objectives and when setting plan5 for the future. Hi9hfields is open to the public at large assuring public benefit on an open access basis. There are no restrictions regarding the members of public who may use Highfields. No fees are charged for access lo the park but some fees are charged for various concessions within the park.

ACHIEVEMENTS AND PERFORMANCE Highfields Leisure Park Trust is responsible for providing leisure, recreation and sporting opportunities at Highfields Park for the benefit of Nottingham residents. Improvements on Ihe site in the last year have included.. Performance Report {April 2023 - March 2024} Objectivè Action Outcome Sport. Recreation & Events The £5.2m Heritage Lottery Funded park restoration project began in summer 2017 and completed in August 2018. Work has continued on some final and additional restoration items, including.. More people enjoying the park and its activities Improved physical activity and health and wellbeing Creation of an artistic bench using material from and representing the Maid Marian pleasure cruise boat. Target hardening of site western end of the park. Ranger led sessions and walks have run consistently allowing members ofthe public to be involved and more active on site. Projects include regular work in the Japanese Garden, bulb planting sessions, bench restoration sessions, Tottle Brook clearance, bat walks and wellbeing walks. Improvements I replacements to play areas Minor stonework capping repairs around the lake edges. Ongoing railing repainting by Probation Service attendees. The site offered a good range of quality activities throughout the year, which includes boating, Adventure Golf, winter and summer pitch facilities for football, archery and lacrosse, as well as croquet being held on site. There were a number of events, both sporting and community, on Highfields Park, including the, Nottingham University led Chinese Newyear event, bat walks and conservation awareness sessions The Adventure Golf & Boating activities were all open this year Sland-up paddleboard, yoga and others {e.g. University clubs) also regularly use the lake. A new Park Ranger has been on site since November 2021 and has spenl time on site leading on events and conservation projects, including helping to set up a community gardening group. a Japanese garden group behind the cascade, and working closely with community payback when they are on 51te. New lease completed with Nottingham croquet club signed and in place. Ongoing support of the ¢roquet club. Improved gates and access to the croquet lawns to aid maintenance. Community Access Nottingham High School have completed the construction of a new artificial hockey pitch on the Highfields sports ground site and it is now in full use. Park Ranger partnership working with the University of Nottingham and Nottingham Lakeside Arts (plans for 2023124 are being discussed.

A FCC bid for the new Serenity Garden memorial garden next to the old paddling pool, in partnership with Forever Slars baby loss charity, was successful and work started on the £108.000 garden in 2020121. Replacement of trees dead I vandalised The Serenity Garden was officially opened in July 2021 Connecting with local faith groups for use of the boating lake A 10 year maintenance and management plan {MMP) supported Ihe HLF bid and delails how the park is maintained following the restoration project,. this is updated annually. Maintenance programmes have been completed in order to ensure the formal areas and woodlands are kept in an attractive and favourable condition. Work with the Serenity Garden is ongoing wilh additional planting being provided by NCC and new trees. Well Maintained Safe, well presented and park users have more pride and ownership Recruitment of a permanent HLF-funded Head Gardener was successful. The partnership with the Estates and Grounds Maintenance Manager for the University of Nottingham campus remains strong. Works to the rhododendrons continue Security works lo site to prevent traveller access. New security bollards to western entrance of the site to mitigate unauthorised vehicular a¢cess. A joint project with the university was also completed to create a bund between the Serenity Garden and the playing field to limit vehicle aGGess into Highfields Park from the UON entran¢e. Masonry repairs to listed croquet pavilions and repainting of heritage railings and railing mounted Nottingham crest details. Improved environmental sustainability. Repairs and mainlenance of listed croquet pavilions. Sustainability Environmental Continued tree planting programme on site via memorial tree plantings. Continued upgrade of parks infrastructure via the memorial bench scheme. Memorial bench restoration continues to be a large focus and the new Heritage green colour is appearing all over the park as existing benches are refurbished and new ones are purchased by sponsors. Additional memorial trees planted. species selected to boost biodiversity and tree diversity on site. Volunteering hours were significantly impa¢ted during the covid19 pandemic bul volunteering activities are returning to the park with the Park Ranger using specific site projects to encourage a wider range of volunteers. Additional memorial benches added to site in Consistent heritage style. Existing benches restored in olive green

colour and new high quality timber. ERDF-funded creation of pond and installation of boardwalk across the old paddling pool to link to the new Serenity Garden. Additional planting added to stepping stone end of lake. Create new habitals. New water plants and lillies added to stepping stone area of lake lo improve water quality and habitats. More financially sustainable and value for money trust accounts. Sustainability Financial The Christmas Company returned to the site in December 2022. With in¢ome levels starting to retum to pre Covid levels. Cloud9 lease the boathouse for storage.

FINANCIAL REVIEW The Council provides grant monies to finance the annual operating deficit of the trust. In 2023124 this amounted to £2,378 {2022123 £101,724) which is a decrease of £99,346 compared to the previous financial year. This decrease is predominantly due to the receipt of £108,407 of interest received from capital investments. This grant supports the key objectives of the Trust. All transactions relating to Highfields Leisure Park Trust are subject lo the same financial regulations and procedures as those relating to land and property held by the Council. Policy on Reserrfes The Council is a key partner in delivering the objeclives ofthe Trust and has shown a continued Gommitment to meet any net expenditure in the year. It is therefore not felt appropriate for the Trust to hold reserves. Risk Management The Highfields Leisure Park Trust adopts the Council's risk management policy as appropriate. The following statement best sums up the purpose of risk management.. ' To ensure that the Council is not risk averse and takes or faces risks knowingly and manages them appropriately." The Trustee is committed to a programme of risk management to prolect the charity's assets. A risk register is held which identifies the keys risks and the measures in place to mitigate such risks. Procedures are also in place to ensure that appropriate advice and support is provided to Trusts and Charities Committee as and when required. Insurances Highfields Leisure Park Trust is covered by the Council's insurance policy The Council pays the premium.

PLANS FOR FUTURE PERIODS (April 2024 - March 20251 Objective Action Timetsble for Delivery Outcomè Sport, Recreation & Events Continue to deliver partnership events with Nottingham Lakeside Arts and the University of Nottingham Ongoing throughout the year. Improved physical activity and health and wellbeing Increase visitors to the park Ongoing delivery of the Activity Plan by the Park Ranger and Partners, including events, education and volunteering Raised profile of the park Inlrodu¢e different audiences to the park that may not have visited the site prior to events Improved education Community Access Continue to deliver education in partnership with Nottingham Lakeside Arts and Ihe University of Nottingham based on the NCC Park Ranger Education programme Annually available Increase in user groups using site Bat walks, creating green recycling opportunities l e. Increasing events offered eg Xmas wreath making Safe, well presented and park users have more pride and ownership eg. Japanese gardeners I general park improvement volunteers plus the introduction of park improvement days for litter picking etc. Improved environmental sustainability Diverse sports on site attracts diverse interest. Annually available Well Maintained Ongoing work on rhododendrons and interpreting the Maid Marian. 2024125 Develop and continue to update a new 10 year Maintenance plan. In place & approved by the HLF. Sustainability Environmental Continue to carry out volunteer and student task days on site. Ongoing Empowers local users with their local park. Continue to improve areas of the park for wildlife as part of practical education sessions within the new activity plan. Ongoing Create new habitats. i.e. meadow creation Make use of overgrown. unused areas of the park. More financially U5tainable and value for money trust accounts Sustainability Financial The Christmas Company will return to host an event in 2023 and the funds achieved will help to make improvements and maintain the park. Ongoing annually

Continued partnership working wth Colwick Park Lifeguards who lease the boathouse for storage. (Cloud9) and manage the boating lake Qngoing ontinued successful artnerships that help lo mprove the types and tandard of activities ffered @ Highfields Park Continued partnership working with Showcase Greens Ltd who manage the Adventure Golf. Ongoing

STRUCTURE GOVERNANCE AND MANAGEMENT In order to understand the objectives of the charity it is important to consider the history of the trust and how Nottingham City Council has managed and developed Highfields Park as a first-class facility for sport, leisure and recreation since the creation of the trust. The Sir Jesse Boot Memorial Scheme was created by the 1920 indenture. Be￿een 1919 and 1920, Sir Jesse acquired a mansion house called Highfields together with adjoining land lying west of the city of Nottingham. By Memorandum of Agreement dated 9 December 1921, it was agreed by Sir Jesse and the trustees of the 1920 indenture that the Highfields Estate had been purchased by Sir Jesse as agent for and on behalf ofthe Sir Jesse Boot Memorial Scheme. It was also agreed that the trustees would pay Sir Jesse £57,000 out of the trust fund as reimbursement of the costs of the purchase. In return Sir Jesse would convey the Highfields Estate to the trustees or as they might direct. By an indenture dated 1 November 1923 made between SirJesse, the trustees ofthe 1920 indenture and the Council, Sir Jesse, at the request of the trustees, conveyed part of the Highfields Estate lo the Council to hold the same "for the purpose of public re¢reation and pleasure grounds for the people of the City of Nottingham forever" this created the present tnjst. By an indenture of the same date made be￿een Sir Jesse, the trustees of the 1920 indenture and Ihe Universily College of Nottingham ("the University"), the rest of the Highfields Estate {including the Manor House) was conveyed to the University. It appears the memorial scheme was wound up in 1925. The land conveyed to the Council was for the most part laid out as a park. The land lies to the south of the University and to the north of the railway. It is divided along the east-west axis by University Boulevard. To the north of University BouSevard is a large boating lake with lakeside walks. formal gardens and fine turf sports facilities including putting, bowls and croquet greens. Plantations of rhododendrons and mature trees provide a unique natural backdrop to enhance the park setting. To the south of University Boulevard are playing fields, for winter and summer outdoor sports, together with a running track. Over the years there have been a number of dispositions of freehold interest in the land. These include various land exchanges with the University. the acquiring of land at Beeston Sidings immediately lo the south of Highfields Park and the conveyance of land to Nottinghamshire County Council for road wdening purposes. In addition, the Council as Trustee, over this time, has granted a number of leases (or licencesl of land subject to the 1923 Indenture. For example, the site of the fomer Highfields Lido to the University to develop the area as an art centre. Also included are lease agreements wth the trustees of Highfields Hockey Club for the former sports pavilion tea-rooms. A lease has also been agreed with the croquet club for use of the croquet pavilion and four lawns and to the University for the running track and associated facilities. Part of the Trust land to Ihe south of University Boulevard was developed during the early 1980's as a Science Park with low-density buildings for light industrial and scientific office use. In December 1998, the Science Park was exchanged for Council land at Beeston sidings, which had been laid out for sporting and recreational activities. 10

Atil Objoctives of Charity The provision of public recreation and pleasure grounds for the people of the City of Nottingham forever. In order to achieve this. a programme ofongoing maintenance of grounds and equipment is Gompleted each year. This ensures the provision of well-maintained public recreation and pleasure grounds. Trustees, selection methods Nottingham Cily Council {NCC) elected members are the sole Trustees NCC has elected members who are elecled on a 4-year cycle from the sitting Councillors. Councillor Adele Williams Councillor Linda Woodin Councillor AJ Matsiko Councillor Maria Joannou Councillor Andrew Rule Councillor Maria Watson Councillor Angela Kandola Councillor Anwar Khan Councillor Matt Shannon Councillor Michael Edwarils Councillor Audra Wynter Councillor Audrey Dinnall Councillor Carole Mcculloch Councillor Michael Savage Councillor Nick Raine Councillor Nadia Farhat Councillor Che l Barnard Councillor Naim Saqab Salim Councilloir Nayab Patel Councillor Neghat Khan Councillor Patience Uloma Ifediora Councillor Corall jenkins Councillor Oavid Mellen Councillor Devontay Okure Councillor Ethan Radford Counclllor Pavlos Kotsonis Councillor Eunice Regèn Councillor Faith Gakanje-Ajala Councillor Farianna Mahmood Councillor Sal Ahmad Councillor Sajid Mohammed Councillor Salma Mumtaz Councillor F02ia Mubashar Councillor Sam Harris Councillor Georgia Power Councillor Graham Chapman Councillor Gul Khan Coun¢sllor Sam Lux Councillor Samina Riaz Councillor Samtjel Gardiner

Councillor Hayley Spain Councillor Helen Kalsi Councillor Sana Nasir Councillor Sarita-marie RehTnan-Wall Councillor Imran Jalil Councillof Shu vftah Quddoos Councillor lay Haye5 Councillor Kevin Clarke Couneillor Steve 8attlemuch Councillor Sulcan Mahmood Councillor Zafran Khan Councillor Kirsty lones Councillor Kir5 L Jones Councillor Leslie A oola Councillor Liaqat Ali Trusts and Charities Committee Members Councillors are appointed to membership of the Trusts and Charities Committee by full CounGil to fulfil the Council's responsibilities as Trustees. The Constitution allows that where in-year changes are required to memberships, either at the request of the relevant political group or because a member has resigned or ceased to be eligible for membership, the Corporate Director of Finance and Resources has the authority to action those changes subject to political balance being preserved where applicable and to the changes made being reported to the next meeting of Council. Details of membership is updated and published on the Council's website on an ongoing basis. Committee details - Trusts and Charities Committee - Nottin ham Cit Council Councillor Andrew Rule Councillor Anwar Khan Councillor Farzanna Mahmood Councillor Fozia Mubashar Councillor Salma Mumtaz { Vice Chair) Councillor Sana Nasir Councillor Sarita-marie Rehman-wall Councillor Steve Battlemuch Councillor Zafran Nawaz Khan (Chair) Inductlon and training of Trusts and Charitles Committee Following appointment, Councillors are introduced to their new role and given a number of publications from the Charity Commission. These include guidance on charitie5 and a document issued specific for members of Local Authorities titled 'Councillors Guide." lo a council's role as charity trustee,. This ensure5 that new Councillors, are aware of the scope of their responsibilities under the Charities Act. 12

REFERENCE AND ADMINISTRATIVE INFORMATION Name and Address of Charity Highfields Leisure Park Trust Nottingham City Council Loxley House Station Street Nottingham NG2 3NG Governing Document Creation of trust by indenture dated 1 November 1923 and scheme made by the Charily Commission on the 4 October 1993 Main Activity Provision of public recreation and pleasure grounds Charity Commission Registered Number 1006603 Name and Address of Sole Trustee Nottingham City Council (The members of Nottingham City Council (NCC) Trusts and Charities Committee are listed on page 12 and 13) Organisational Structure of the Charity Highfields Leisure Park Trust, Nottingham is a charity of which Nottingham City Council is a sole trustee. Recommendations on the management ofthe Charity are delegated to the Trusts and Charities Committee. Day to Day Management Corporate Director for Communities. Environment and Resident Services Colin Parr Nottingham City Council Loxley House Station Street Nottingham NG2 3NG Name & Address of Independent Examiners RWB CA Ltd Northgate House, North Gate, New Basford, Nottingham NG7 7BQ Name & Address of Bankers Lloyds Bank Birmingham OSC Ariel House 2138 Coventry Road Sheldon B26 3JW Providers of Professional Advice Nottingham City Council Officers

RESPONSIBILITIES OF THE TRUSTEE The Charity Commission has a framework for accounting for charities to meel the need for public a¢¢ountability for the fesources held by charities. It is a Gombinalion of legislation and best practice. The legal requirements are contained in the Charities Act 2011. The accounting and reporting requirements are complemented by a revised Staternents of Recommended Practice.. Accounting by Charities (the Charities SORP) issued in 2015. The Trustee is required.. to make arrangements for the proper administration of the charity's financial affairs., to prepare the annual report and financial statements for each financial year to present a true and fair view of the charity's State of affairs as at the end of the financial year and of its incoming resources and its application for resources in that year. In preparing these statements the trustee has ensured.. suitable accounting policies have been selected and applied consistently., judgements and estimates have been made that were reasonable and prudent., the relevant legal requirements and recommended practices have been followed., they are prepared on the basis that the Highfields Leisure Park Tnjst is a going concern. The Trustee is responsible for ensuring that proper accounting records are kept which are up to date and for maintaining a satisfactory system of control over the charity's accounls and transactions. The Trustee is also responsible for ensuring that arrangements are made to safeguard the assets of the charity and reasonable steps are taken for the prevention and detection of fraud and other irregularities. The Trustee must take any steps that they ought to have taken in order to make themselves aware of any relevant independent examination information and to establish that the charity's independent examiners are aware of any such information. As far as the Trustee is aware there is no relevant independent examination information about which the Highfields Leisure Park Trust independent examiners are unaware. ADOPTION OF THE ANNUAL REPORT AND FINANCIAL STATEMENTS Approved by the Trusts and Charities Committee and signed on behalf of Nottingham City Council by.. Dale: 02.03.26 Councillor Zafran Khan (Chairl Signèd for the Trusts and Charities Commitlee Oatè: 26.02.26 Stuart Fair Corporate Director of Finance and Resources Signed for Nottinghom City Council 14

THE FINANCIAL STATEMENTS The financial statements include comparative figures for the previous year and consist of the following.. Statement of Financial Activities is a single accounting statement with the objective of showing all incoming resources expended by the charity in year, Balance Sheet setting out the assets, liabilities and funds of the charity., Notes to the Financial Statements explaining the accounting policies adopted and explanations of information in the financial statements. The financial statements have been prepared in accordance with ststutory requirements and the Statement of Recommended Practice.. Accounting and Reporting by Charities (revised 2015). Statement of Financial Activities For year ending 31 March 2024 Unrestricted Funds 2023124 Unrestrict8d Funds 2022123 INCOMING RESOURCES Grant from Local Authorities Incoming Resources from Charitable Activities Investment Income 2,377 134,177 108,407 101,724 116.953 Total Incoming Resources 244,961 218,677 RESOURCES EXPENDED Charitable Activities Olher Expenditure Total Resources Expended 243.461 1,500 244,961 218,677 218,677 Premium received from Property 2,095,001 Net Incoming l (Outgoing) Resources 2,095,001 Fund balances brought forward as at 1 April Fund balances carried forward as at 31 March 2,308,502 2.308,502 213.501 2,308,502 15

Balance Shaet As at 31 March 2024 2023124 2022123 Fixed Assets Tangible Assets.. Freehold Land & Buildings Investment Assets 2,308,501 2,308,502 2,308,501 2,308.502 Total Fixed Assets Current Assets: Debtors.. amounts falling due within one year Cash l Bank 1,500 Liabilities: Creditors.. amounts falling due within one year Cash l Bank {1,500) Net Current Assets Net Assets 2,308,502 2.308,502 Represented by: Funds Unrestricted Funds Capital Receipts 2,308,501 2,308,$02 2.308,501 2,308,502 16

NOTES TO THE FINANCIAL STATEMENTS 1. ACCOUNTING POLICIES General Principles The Annual Report summarises the Highfields Leisure Park Trust transactions for 2023124 financial year together with its financial position at 31 March 2024. This section explains the accounting policies applied in producing Ihe Annual Report for the Trust. Accounting policies are the principles, bases, conventions and rules by which transactions are recognised, measured and presented in the accounts. Basis of Preparation and Assessment of Going Concern The Annual Report has been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS102} and Charities Act 2011. The accounts have been prepared in accordance with the historic cost basis of a¢¢ounting except for fixed assets which have been included at notional amount. Compliance with the Charities SORP and the adoption of accounting standards and principles issued or adopted by the Accounting Slandards Board ensures that the accounts show 'a Irue and fair view. of transactions during the year and the financial position of the Highfields Leisure Park Trust at the year end. The trustee consider that there are no material uncertainties about the TrLbSt's ability to continue as a going concern. The trust constitutes a public benefit entity as defined by FRS102. Incoming Resources Income receipts are accrued and accounted for in the period to which they relate. Income received in advance is recognised as a liability on the balance sheet within creditors. Income from Nottingham City Council funds the net expenditure of the Highfields Leisure Park Trust for the benefit of the citizens of Nottingham. Resources Expended All expenditure is accrued and accounted for in the period during which they are consumed or received. Accruals have been made for all material sums unpaid at the year end for goods or services received or work completed. Payments made in advance are recognised as an asset on the balance sheet wsthin debtors. Charitable Activities These costs mainly relate to premises expenses, which includes day to day maintenance, grounds maintenance and patrol. Governance Costs Governance costs, including the administration of the trust are directly funded by Ihe Council. and these costs are not shown in the trust accounts. Fixed Assets Freehold Land and Buildin The valuation of assets is a notional value that reflects the trusts perpetual covenant for general public access to and use of the park. As a notional value is used, depreciation and impairment reviews are not applicable. 17

Investment Assets This is the loanlinvestment, stated at market value. of Highfields Leisure Park Trust's capital receipts with the Council upon which interesl (Bank of England base rate) is received. This interest is shown within the statement of financial activities - Investment Income. A¢¢ruals of Expenditure and Income The accounts ofthe Highfields Leisure Park Trust are maintained on an accruals basis. This means that sums due to or from the Highfields Leisure Park Trust during the year are included whether or not the cash has actually been received or paid in the year. Where income and expenditure has been recognised but cash has not been received or paid. a debtor or creditor for the relevant amount is recorded in Ihe balance sheet. Cash received or paid and not yet recognised as income or expenditure is shown as a creditor (receipt in advance} or debtor (payment in advance) in the balance sheet and the statement of financial activities adjusted accordingly. here it is doubtful that a debt will be settled, the balance of debtors is written down and a charge made to the statement of financial activities for the income that might not be collected. This bad debt provision is offset against the debtor balance on the balance sheel. In many cases the value to be entered in respect of accrued transactions will be certain. In others, this value has to be estimated and reference is Ihen made to past transactions and trends in order to determine the likely value. Cash This is represented by cash at bank which is held within the Council's bank account on behalf of Highfields Leisure Park Trust charity and cash in hand. Funds of tha Charity Unrestricted Fund A fund held on charitable trust for a purpose within the charity's objectives. The fund is equivalent to the notional value of the freehold land and buildings. Restricted Funds Capital receipts in respect of the sale or lease of land and buildings held and invested pending expenditure on further purchases of land or property for investment purposes. 2. TAX STATUS Highfields Leisure Park Trusl is a registered charity and is therefore exempt from income tax on income falling within S505 ICTA 1988. The Council is the sole trustee of the Highfields Leisure Park Trust and, in a¢¢ordance with VAT notice 749, is entitled to recover VAT incurred on the expenditure of the Highfields Leisure Park Trust under section 33 of the VAT Act 1994. 3. LAND AND BUILDING Trust lands are stated at the trustee's valuation of £1, being open market value for existing use of land subject to a perpetual covenant granting the general public access. 2024 2023 Freehold land and buildings

1. INVESTMENT ASSETS The investment assets are held primarily to provide an investment return for the charity. 2023124 2022123 Loan to Nottingham City Council 2,308,501 2,308,501 S. DEBTORS 2024 2023 Accrued grant income 1,500
2. CREDITORS 2024 2023 Accruals 1,500

3. ANALYSIS OF SOFA: INCOME AND EXPENDITURE 2023124 2022123 Income Charitable Activities Rents Fees & Charges 131,177 3,000 101,553 115,000 Investment Income Interest received from NCC Total Income 108,407 242,584 216.553 Expenditure Premises Supplies & Services Other Services Support SeNices Property Maintenance Third Party Payments Governance Costs Total Expenditure Net Deficit before Grant 34,928 2,887 130 192,750 11,783 983 1,500 244,961 (2,377) 55,426 41 151,280 9,936 1,994 218,677 101,724 Council Grant Receipt from Property activity NET {INCOMEI I EXPENDITURE 2,377 101,724 2,095,001 2,095,001 19

4. ANALYSIS OF GOVERNANCE COST 2024 2023 Independent examiners, fees 1,500

5. FUNDS Balance 0110412023 Incoming Resources Resources Balance Expended 0110312024 Unrestricted funds General 242,584 242,584 Total funds 242,584 242,584
6. TRANSACTIONS WITH RELATED PARTIES The Council is the sole trustee ofthe Highfields Leisure Park Trust and any transactions bet￿een these parties must be disclosed in accordance with the Charity SORP. The Council gave a grant of £877 to the Highfields Leisure Park Trust in 2023124 which funded the net expenditure of the charity. A further grant accrual of £1,500 has been included within the total income to reflect the increased grant provision in relation to fee accrual of Independent examiners cost. Other transactions be￿een the charity and NCC are in respect of the day-lo-day operations of the charity The Council charged the charity £192,750 {2022123 £151 ,2801 in respect of grounds maintenance and other support costs which is included in Resources Expended - Charitable Activities, within the Statement of Financial Activities. Individual councillors of NCC did not receive any benefits from the Highfields Leisure Park Trust 20

Independent Examiner's report to the Trustees of the Highfields Leisure Park Trust I report to the trustees on my examination ofthe accounts of Highfields Leisure Park Trust for the year ended 31 March 2024. Responsibilities and basis of report As the Charity trustees of Highfields Leisure Park Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Acl,). I report in respect of my examination of the Highfields Leisure Park Trust's accounts carried out under section 145 of Ihe 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(51(bl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of Highfields Leisure Park Trust as required by section 130 of the Act., or 2. the accounts do not a¢¢ord with those records., or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (A¢¢ounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with Ihe examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Nicholas 'Nilliam Bonnello FCA R'N8 CA Limited Northgale House North Gale Neiv Baslord oltln9ham NG7 7BQ 0210312026 21