HIGHFIELDS LEISURE
PARK TRUST
Annual Report
for the year ended 31 March 2025
Registered Charity number 1006603

CONTENTS
Page
Report of the Trustees for the year ended 31st March 2025
Objectives and Activities for the Public Benefit
Achievements and Performance
Financial Review
Plans for Future Periods
10-13 stwcture, Governance 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 2025
The trustees present their annual report and financial statements ofthe charity for the year ended 31st
March 2025. The financial statements have been prepared in accordance with the accounting policies
set out in note 1 to the 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
Republi¢ 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 of the 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 confim they have referred to the Charity Commission guidance on
public benefit when reviewing the aims and objeclives and when setting plans for the future. Highfields
is open to the public at large assuring public benefil on an open access basis. There are no restrictions
regarding the members of public who may use Highfields. No fees are charged for access to the park
but some fees are charged for various concessions within the park.
li

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 the site in the last year
have included-
Performance Report (April 2024 - March 2025)
Objective
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 heallh 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.
Improvements I replacements to play areas
Minor stonework capping repairs around the lake
edges.
Ongoing railing repainling by Probation Service
attendees.
The site offered a good range of quality activities
throughout the year, which includes boating, Advenlure
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 Newyearevent, bat
walks and conservation awareness sessions
The Adventure Golf & Boating activities were all open
this year
Ranger led sessions and
walks have run consistently
allowing members of the
public to be involved and more
active on sile. Projects include
regular work in the Japanese
Garden, bulb planting
sessions, bench restoration
sessions, Tottle Brook
clearan￿, bal walks and
wellbeing walks.
A new Park Ranger has been on site since November
2021 and has spent 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 wth
community payback when they are on site.
New lease completed with Nottingham croquet club
signed and in place.
Adventure Golf has been boughl by a new company
(Perfect Aquatics) who will be running it business as
usual whilst they develop investment plans.
Ongoing support ofthe croquet ¢lub.
Improved gates and a￿sS to
the eroquel lawns lo aid
maintenance.
The¢
uel club have

renovated the east lawns to
bring them up to the same
standard as the west lawns.
Wort(s include grading,
drainin
and rela
in
entirel
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 wth
Forever Stars baby loss charity, was suGGessful and
work started on the £108,000 garden in 2020121.
Replacement oftrees 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 IMMP)
supported the HLF bid and details how the park is
maintained following the restoration project., this is
updated annually.
Maintenance programmes have been completed in
order to ensure the fomial areas and woodlands are
kept in an attractive and favourable condition.
Work with Ihe Serenity Garden
is ongoing with additional
planting being provided by
NCC and new trees.
Well Maintained
Safe, well presented and
park users have more pride
and ownership
Replacement of visilor
interpretation and site
maps summer 2025.
Recruitment of a pemianent 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 to site to prevent traveller access.
New se¢urity bollards to
westem entran￿ of the site lo
mitigate unauthorised
vehicular access. A joint
project with the university was
also completed to create a
bund be￿een the Serenity
Garden and the playing field to
limit vehicle acces$ into
Highfields Park from the UON
entran￿.
Servicin
of bollards AIW 2025
Masonry repairs to listed
croquet pavilions and
repainting of heritage railings
and railing mounted
Nottin
ham crest details.
Access bridge to Beeslon
Sidings replaced with
¢omposite alternative lo
enable vehicular access
Repairs and maintenance of listed croquet pavilions.
Access and infrastructure around site and Beeston
Sidings improved

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.
Improved environmental
sustainability.
Additional memorial trees
planted, species selected to
boost biodiversity and tree
diversity on site.
Additional memorial benches
added to sile in consistent
heritage style. Existing
benches restored in olive
green colour and new high
quality timber.
Create new habitats.
Volunteering hours We￿ significantly impacted during
the ¢ovid19 pandemic but volunteering activities are
returning to the park with the Park Ranger using specific
site projects to encourage a widef range of volunteers.
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.
New water plants and lillies
added to stepping stone
area of lake to 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 income levels stsrting to return 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 2024125 there
was no expenditure deficits compared to the previous financial year {2023124 £2,377). therefore a grant
was not received from The Council to cover the expenses however a provision of £1,575 was made as
a grant accrual to meet the cost of independent examination. There was surplus income of £67,293
which was transferred to the Reserves at the end ofthe financial year.
All transactions relating to Highfields Leisure Park Trust are subject to the same financial regulations
and procedures as those relating to land and property held by the Council. Since May 2011 the Trusts
and Charities Committee has replaced the Executive Board for the purpose of approving transactions.
Pollcy on Reserves
The Council is a key partner in delivering the objectives of the Trust and has shown a continued
commitment 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 protect 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
ril 2025 . March 2026
Objective
Actlon
Timetable for
Delivery
Outcome
Sport,
Recreation &
Events
Continue to deliver partnership events with
Nottingham Lakeside Arts and the Universty
of Nottingham
Ongoing
throughout the
year.
Improved physical activity
and health and wellbeing
Increase visitors to the park
Raised profile of the park
Ongoing delivery of the Activity Plan by the
Park Ranger and Partners, including events,
education and volunteering
Introduce 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 the
University of Nottingham based on the NCC
Park Ranger Education programme (subject
to Covid-19 restrictions).
Annually
available
Increase in user groups
using site
Bat walks, creating green
recycling opportunities l.e.
Increasing events offered eg.
Xmas wreath making
Diverse sports on site attracts diverse
interest.
Annually
available
Ongoing work with Creswell
Crags archaeological park to
run education sessions.
Summer trails within the park
run by Lakeside Arts to
encourage visitors to explore
the site.
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.
Well
Maintained
Ongoing work on rhododendrons and
interpreting the Maid Marian.
2025126
Develop and Continue to update a new 10
year Maintenance plan.
In place &
approved by the
HLF.
Continued submission of site
to Green Flag Award
Improved environmental
sustainability
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.
Sustainability
Financial
The Christmas Company will return to host
an event in 2025 and the funds achieved will
help to make improvements and maintain
the park.
December 2025
More financially sustainable
nd value for money trust
cGounts
ontinued successful
artnerships that help to
mprove the types and standard
f activities offered @
Highfields Park
Support with Perfect Aquatics
o improve the golf offer on site
Continued partnership working with Colwi¢k
Park Lifeguards who lease the boathouse
for storage. (Cloud9) and manage the
boating lake
Ongoing
Partnership working wilh Perfect Aquatics
who manage the Adventure Golf.
Ongoing

io
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 of the Sir Jesse Boot Memorial Scheme.
Itwas also agreed that the trustees would pay Sir Jesse £57,000 out oflhe 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 be￿een Sir Jesse, the trustees of Ihe 1920 indenture
and the Council, Sir Jesse, at the request of the trustees, conveyed part of the Highfields Estate to the
Council to hold the same 'for the purpose of public recreation and pleasure grounds for the people of
the City of Nottingham foreverf this Created the present trust. By an indenture of the same date made
between Sir Jesse, the truslees of the 1920 indenture and the University College of Nottingham ("the
University.), the rest of the Highfields Estate {including the Manor House) was conveyed to the
Universty.
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, although some areas were
not so laid out and remained derelict. 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 Boulevard is a large boating lake with lakeside walks, fomial gardens and
fine turf sports facilities including putting, bowls and Croquet greens. Plantations of rhododendrons and
mature trees provide a unique natural ba¢kdrop to enhance the park setting.
To the south of University Boulevard are playing fields, for wnter and summer outdoor sports, together
with a running track.
10

li
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 to the
south of Highfields Park and the conveyance of land to Nottinghamshire County Council for road
widening purposes.
In addition, Ihe Council as Trustee, over this time, has granted a number of leases (or licences) of land
subject to the 1923 Indenture. For example, the site of the former Highfields Lido to the University - to
develop the area as an art centre. Also included are lease agreements with 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 Tnjst land to the 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.
Objectives of Charity
The provision ofpublic recreation and pleasure grounds forthe people of the City of Nottingham forever.
In order to a¢hieve this, a programme ofongoing maintenance of grounds and equipmenl is completed
each year. This ensures the provision of well-mainlained public recreation and pleasure grounds.
11

12
Trustee's selection methods
Trustee8' 8electlon mothods
Nottingham City Council (NCC) elected members are the sole Trustees. NCC has 55 elected members
who are elected on a 4 year cycle. The following table details the councillors I trustees for the financial
year 1 April 2024 to 31 March 2025 and also includes any posl year trustee movemenls..
Counclllor Adele Williams
Councillor Linda Woodin
Councillor ￿ Matsiko
Councillor Maria loannou
Councillor Andrew Rule
CouncilloT Maria Watson
Councillor An
ela Kandola
Councillor Matt Shannon
Councillor Anwar Khan
Councillor Mi¢hael Edwards
Councillor Audra Wynter
Countillor Audrey Oinnall
Councillor Carole Mcculloch
Councillor Michael Sava
Counclllor Nick Raine
Councillor Nadia Farhat
Councillor Che
l Barnard
CoL¢ncillor Naim Sa
ab Salim
Councillor Corall Jenkins
Councillor Na
ab Patel
Councillor Davld Mellen
Covncillo¥ Ne
hat Khan
Councillor Devonta
Okure
Councillor Patience Uloma Ifediora
Councillor Ethan Radford
Councillor Pavlos Kotsonis
Councillor Eunice Regan
Councillor Faith Gakan
e-Ajala
Councillor Farzanna Mahmood
Councillor Sal Ahmad
Councillor Sajid Mohammed
Counclllor Salma Mumtai
Councillor Fozia Mubashar
Councillor Sam Harris
Councillor Georgia Power
Councillor Graham Cha
CouncSllor Sam Lux
man
CouncilloT Samina Riaz
Councillor Gul Khan
Councillor Samuel Gardiner
Councillor Hayley Spain
Counclllor Helen Kalsi
Councillor Sana Nasir
Councillor Sarita-marie Rehman-wall
Councillor Imran lalil
Councillor Shuguftah Quddoos
Councillor Jay Hayes
Councillor Kevin Clarke
Councillor Steve Battlemuch
Councillor Sulcan Mahmood
Councillor Zafran Khan
Councillor Kirs
Jones
Councillor Kirsty L lones
Councillor Leslie Ayoola
Councillor Lia
at Ali
12

13
Trusts and Charities Committee Members
Councillors are appointed to membership of the Trusts and Charities Committee by full Council 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 lo the next meeting of Council. Details of membership will be
updated and published on the Council's website on an ongoing basis. The following is the current list
of the Trusts and Charities Committee appointed members who approve the Annual Report and
financial statements for the financial year 1 April 2024 to 31 March 2025..
Counrillor Zafran Nawan Khan
Chair
Counullor Salma Mumlaz
CounallorAndrew Rule
VI￿ Chair
Councillor Steve Battlemuch
Councillor Farzanna Mahmood
Councillor Sarita-marie Rehman-wall
CounallorAnwar Khan
Counallor Sana Nasir
CounrAllor Fozia Mubashar
Induction and training of Trusts and Charlties Committee
Following appointment, Councillors are introduced to their new role and given a number of publications
from the Charity Commission. These include guidance on charities and a document issued specific for
members of Local Authorities titled 'Councillors Guide.. to a council's role as charity trustee,. This
ensures that new Coun¢illors' are aware of the scope of their responsibilities under the Charities Act.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name and Address of
Charity
Highfields Leisure Park Trust, Nottingham
Nottingham City Council
Loxley House
Station Street
Nottingham
NG2 3NG
13

Governing Document
Creation of trust by indenture dated 1 November 1923 and scheme
made by the Charity Commission on the 4 October 1993
Main Activity
Provision of PLsblic 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 of the charity are delegated
to the Trusts and Charities Committee. All transactions relating to
Highfields Leisure Park Trust are subject to the same financial
regulations as those relating to the Council activity.
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
Nama & Address of
Bankers
Lloyds Bank
Birmingham OSC
Ariel House
2138 Coventry Road
Sheldon
B26 3JW
Providers of Professlonal
Advice
Nottingham City Council Officers
RESPONSIBILITIES OF THE TRUSTEE
The Charity Commission has introduced a new framework for accounting for charities lo meet the need
for public accountability for the resources held by charities. It is a combination of legislation and best
practice.
The legal requirements are contained in the Charities Act 2011 which came into effecl on 14 March
2012.
14

The accounting and reporting requirements are complemented by a revised Statements of
Recommended Practice- Accounting by Charities (the Charities SORP) issued in 2005.
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 ha5 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 Trust 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 accounts 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..
Date: 02.03.26
Councillor Z8fran Khan {Chaifl
Swned for th8 Trusts and Charrties Committee
Oate.. 26.02.26
Stuart Fair
Corporate Dire¢lor of Finance and Resources
Swned for Nottingham City Council
15

16
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 resour¢es 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 policie5 adopted and
explanations of information in the financial statements.
The financial statements have been prepared in accordance wth statutory requirements and the
Statement of Recommended Practice: Accounting and Reporting by Charities (revised 20151.
HIGHFIELDS LEISURE PARK TRUST
ststemant of FinanGial Activiti85
For year ending 31 March 2025
Unrestrlcted
Funds
2024125
Unrestricted
Funds
2023124
INCOMING RESOURCES
Grant from Local Authorities
2,377
Incoming Resources from Charitable Activities
148,210
134,177
Investment Income
114,271
108,407
Total Incoming Resources
264.056
244,961
RESOURCES EXPENDED
Charitable Activities
Other Expenditure
Total Resources Expended
195,188
1,575
196,763
243,461
1,500
244,961
Net Incoming l (Outgoing) ResourGes
67,293
Fund balances brought forward as at 1 Aprll
Fund balances carried forward as at 31 March
2.308,502
2.375,795
2,308.502
2.308,502
16

17
HIGHFIELDS LEISURE PARK TRUST
Balance Sheet
As at 31 March 2025
2024125
2023124
Fixed Assets
Tangible Assets..
Freehold Land & Buildings
Investment Assets
-2,375,794
2,375,795
2,308,501
2,308,502
Total Fixed Assets
Current Assets:
Debtors.. amounts falling due wthin one year
Cash l Bank
3,075
1500
Liabilities:
Creditors.. amounts falling due within one year
Cash l Bank
(3,075)
(1,500)
Net Current Assets
Net Assets
2,375,795
2,308,502
Represented by:
Funds
Unrestricted Funds
Capital Receipts
, 2,375.794,.
2,375 795
2,308,501
2,308,502
17

NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
General Principles
The Annual Report summarises the Highfields Leisure Park Trust transactions for 2024125 financial
year together with its financial position at 31 March 2025.
This section explains the accounting policies applied in producing the Annual Report for the Trust.
Accounting policies are the principles, bases, conventions and njles 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 {FRS102} issued on 16 July 2014 and the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and
Charities Act 2011. The accounts have been prepared in accordance with the historic cost basis of
accounting 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 Standards Board ensures that the accounts show 'a true 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 Trust's ability to continue as a
going concern.
The trust constitutes a public benefit entity as defined by FRS102.
Incomlng R8sourcas
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 ofthe 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 al the year end for goods or services received
orwork Completed. Payments made in advance are recognised as an asset on the balance sheetwithin
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 direclly fur)ded by the Council, and these
costs are not shown in the trust accounts.
18

19
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.
Investment Assets
This is the loanlinvestment. stated at market value, of Highfields Leisure Park Trust's Capital receipts
with the Council upon which interest (Bank of England base rate) is received. Thi5 interest is shown
within the statement of financial activities - Investment Income.
Accruals of Expenditure and Income
The accounts of the 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 the 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 ststement of financial activities adjusted accordingly.
Where it is doubtful that a debt will be settled, the balance ofdebtofs is written down and a charge made
to the statement of financial activities for the in¢ome that might not be collected. This bad debt provision
is offset against the debtor balance on the balance sheet.
In many cases the value to be entered in respect of accrued transactions will be Certain. In others, this
value has lo be estimated and reference is then 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 the Charity
Unrestricted Fund
A fund held on charitable trust for a purpose within the charity's objectives. The fvnd 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 Trust is a registered charity and is therefore exempt from income tax on income
fa51ing within S505 ICTA 1988. The Council is the sole trustee of the Highfields Leisure Park Trust and,
in accordance 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.
19

20
3. LAND AND BUILDING
Twst 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.
2025
2024
Freehold land and buildings
4. INVESTMENT ASSETS
The investment assets are held primarily to provide an investment return for the charity.
2024125
2023124
Loan to Nottin
ham Ci
Council
Brought forward balance
2,308,501
2,308,501
New loans for the year
67,293
Total loans to Loan to Nottingham City Council
2,375,794
2,308,501
5. DEBTORS
2025
2024
Ac¢rued grant income
3,075
1,500
6. CREDITORS
2025
2024
Accruals
3,075
1,500
20

21
7. ANALYSIS OF SOFA: INCOME & EXPENDITURE
2024125
2023124
Income
Charitsble Activities
Rents
124.315
23,895
131,177
3,000
Fees & Charges
Investment Income
Interest received from NCC
114,271
262,481
108,407
242,584
Totsl Income
Expenditure
Premises
Supplies & SeNices
Other Services
Support Services
Property Maintenance
Third Party Payments
Governance Costs
36,756
34,928
2,887
130
192,750
11,783
983
1,500
244,961
12,3771
(2,752)
155,809
5,375
1,575
196,763
65,718
Total Expendituro
Net Deficit before Grant
Council Grant
1,575
2,377
NET INCOME I (EXPENDITURE)
67,293
. ANALYSIS OF GOVERNANCE COST
2025
2024
Independent examiners, fees
1,575
1,500
9. FUNDS
Balance
0110412024
Incomlng
Resources
Resources
Balance
Expended 0110312025
Unrestrirted funds
General
262,481
262,481
Total funds
242,584
242,584
21

22
4. TRANSACTIONS WITH RELATED PARTIES
The Council is the sole trustee ofthe Highfields Leisure Park Trust and any transactions be￿een these
two parties must be disclosed in accordance with the Charity SORP.
The Council manages the Trusts, capital investments and reserves within their bank accounts. The
Council transfers the interest eamed back to the trust as investment income. Total of£67,293 has been
loan to the Council being the net surplus form operations for the year.
A grant accrual of £1,575 has been included within the total income to reflect the increased grant
provision in relation to fee accrual of Independent examiners cost.
Transactions befvleen the charity and NCC are in respect of the day-to-day operations of the charity.
The Council charged the charity £161,184 {2023124 £192,750) 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.
22

23
Independent Examiner's report to the Trustees of the
Highfields Leisure Park Trust
I report lo the trustees on my examination of the accounts of Highfields Leisure Park Trust for the year
ended 31 March 2025.
Responsibilities and basis of report
As the Charily trustees of Highfields Leisure Park Trust you are responsible for the preparation of the
accounts in accordanGe with the requirements of the Charities Act 2011 ('the Act'}.
I report in respect of my examination of the Highfields Leisure Park Trust's accounts carried out under
section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under section 145{5llb) 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 lo 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 Acl., or
2. the accounts do not accord with those records., or
3. the accounts do not comply with the accounting requirements concerning the form and content
of accounts
set oul in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a 'true and fair view, which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order lo enable a proper understanding of the accounts to be
reached.
Nicholas William BonnellD FCA
RWB CA Limiled
Northgate House
Norlh Gale
New Ba51ord
Noiiingham
NG7 760
0210312026
23