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

4. 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
6. CREDITORS
2024
2023
Accruals
1,500
7. 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
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8. ANALYSIS OF GOVERNANCE COST
2024
2023
Independent examiners, fees
1,500
9. FUNDS
Balance
0110412023
Incoming
Resources
Resources
Balance
Expended 0110312024
Unrestricted funds
General
242,584
242,584
Total funds
242,584
242,584
10. 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
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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
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