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← Endcliffe Park

2024-03-31-accounts

ENDCLIFFE PARK TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

REGISTERED CHARITY NUMBER 1112149

ENDCLIFFE PARK CONTENTS

Page
Reference and administrative details 1
Trustees’ report 2 - 5
Independent examiner’s report 6
Statement of financial activities 7 - 8
Balance sheet 9
Accounting Policies 10 - 13
Notes to the financial statements 14 - 18

ENDCLIFFE PARK REFERENCE AND ADMINISTRATIVE DETAILS

CHARITY NO: 1112149

TRUSTEES

Sheffield City Council is the sole Trustee of the charity, acting through the Charity Trustee Sub Committee.

Charity Sub-Committee Members:

Cllr Richard Williams (Chair) Cllr Fran Belbin (Deputy Chair) Cllr Christine Gilligan Kubo (Spokesperson) Cllr Mike Chaplin Cllr Kurtis Crossland

PRINCIPAL ADDRESS

Sheffield City Council Parks and Countryside Centre in the Park Guildford Avenue Sheffield S2 2PL

INDEPENDENT EXAMINER

Melvin Bailey FCCA DChA Rogers Spencer Limited Newstead House Pelham Road Nottingham NG5 1AP

1

ENDCLIFFE PARK TRUSTEES’ REPORT YEAR ENDED 31 MARCH 2024

The trustees present their report together with the financial statements of the charity for the year ended 31 March 2024. The financial statements comply with the charity’s trust deed, applicable law and the requirements of the Statement of Recommended Practice, ‘Accounting and Reporting by Charities’ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective on 1 January 2019 (Updated second edition – October 19).

DESCRIPTION OF CHARITY’S TRUSTS AND OBJECTS

The charity’s governing documents is a conveyance dated 15 October 1885.

The objects of the charity are public walks and leisure gardens.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Endcliffe Park is a charity and the sole Trustee is Sheffield City Council. The Charity Trustee Sub Committee is a standing sub-committee of the Strategy and Resources Policy Committee. It has been established to take all decisions of the Council, including but not limited to disposal of and other dealings with charitable land.

Management of the park is the responsibility of the Councils’ Parks and Countryside service. Management and administrative decisions are not decisions of the Council as Trustee and are made by the Executive Director of Neighbourhood Services, the Director of Parks, Leisure and Libraries, or the head of Parks and Countryside service in accordance with the Arrangements for the Delegation of Functions To Officers, under part 3 of the Council’s constitution.

PUBLIC BENEFIT

The Trustees have complied with the duty in s. 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Details of how the charity has carried out its activities for the public benefit are given in the section below.

ACTIVITIES AND ACHIEVEMENTS

During 2023/2024, the City Council has continued to meet and work with the friends of the Porter Valley (FoPV), who are a local community group and a registered charity with the declared aim of preserving and enhancing the natural and historic characteristics of the Porter Valley of which Endcliffe Park forms an important part, discussing various issues alongside planning tasks for regular workdays. Meetings take place quarterly between the Area manager and FoPV. This involves walking around the Park planning and discussing priorities.

Friends of Porter Valley, the City Council’s Park Operational Team and the Ranger Service support corporate volunteer groups worked together on several days to weed, prune and undertake other general parks tasks throughout the valley. The FoPV run a number of events including the annual Duck race, with estimated attendances of over 4,000 people.

Parks & Countryside also supported RAFA to improve the Mi Amigo memorial, with new fencing, steps resurfacing, additional notice boards and planting containers. RAFA raised over £13,000 to support improvements.

The weekly 5km Parkrun normally attracts over 700 runners per week.

The pay and display parking continues to be a successful addition to the park.

2

EVENTS

The following events took place during 2023/2024:

Date EVENT APPROX
ATTENDANCE		 ORGANISATION
10/04/2023 Easter Duck Race 4000 Friends of Porter Valley
13/05/2023 Fake Festival 1500 Fake Festival Ltd
26/05/2023 Farrar's FamilyFunfair 500 William Percival and Son
27/05/2023 Farrar's FamilyFunfair 500 William Percival and Son
28/05/2023 Farrar's FamilyFunfair 500 William Percival and Son
28/05/2023 Burns Club Partyin the Park 250 Theo's Burns Club Children's Hospital
29/05/2023 Farrar's FamilyFunfair 500 William Percival and Son
30/05/2023 Farrar's FamilyFunfair 500 William Percival and Son
31/05/2023 Farrar's FamilyFunfair 500 William Percival and Son
01/06/2023 Farrar's FamilyFunfair 500 William Percival and Son
02/06/2023 Farrar's FamilyFunfair 500 William Percival and Son
03/06/2023 Farrar's FamilyFunfair 500 William Percival and Son
04/06/2023 Farrar's FamilyFunfair 500 William Percival and Son
24/06/2023 Round Sheffield Run 5000 Kandoo Events
25/06/2023 Round Sheffield Run Kandoo Events
14/08/2023 Circus Zyair Set Up Circus Zyair
16/08/2023 Circus Zyair 450 Circus Zyair
17/08/2023 Circus Zyair 450 Circus Zyair
18/08/2023 Circus Zyair 450 Circus Zyair
19/08/2023 Circus Zyair 450 Circus Zyair
20/08/2023 Circus Zyair 450 Circus Zyair
01/09/2023 Montyon the Move - Outdoor Theatre 200 MontgomeryTheatre
17/09/2023 FamilyWalk 600 Weston Park Cancer Charity
08/10/2023 101010 1000 Kandoo Events
10/12/2023 Santa Paws Walk 120 Support Dogs Ltd
12/12/2023 Glow Run 404 Sheffield Children's Hospital Charity
07/01/2024 Winter Round Sheffield Run 2500 Kando Events
07/02/2024 SYO Club Night 130 Major Events
25/02/2024 Mi Amigo Ceremony 300 RAFA Sheffield

PLANS FOR FUTURE PERIODS

We are developing a masterplan for long term park improvements, utilising the parks buildings and looking at income generation. We hope to develop the entrance planting plans including continuing to reduce Annual bedding for new perennial planting.

FINANCIAL REVIEW AND FUNDING

Restricted Funds - Net expenditure was £25,731 (22/23: net expenditure of £19,546) comprising grants received from Sheffield City Council of £nil (22/23: £6,185). There is depreciation of £25,731 (22/23: £25,731).

The revaluation of assets this year showed an impairment loss of £27,179 against net book value.

Endowment Fund – The balance on Net income on endowment funds was £nil (22/23: £nil).

3

Unrestricted funds - Net income of £115 (22/23: £56). Income from charitable activities was £108,594 (22/23: £113,433) with expenditure of £196,241 (22/23: £124,047). The deficit was funded by the grant from Sheffield City Council of £65,201 (22/23: £9,422).

The income from donations and S106 maintenance has increased by £22,446 (22/23 Nil), comprising of £8,446 S106 maintenance funding and £14,000 RAF donation to support repairs and maintenance of the Mi Amigo memorial area.

The expenditure on charitable activities has increased by £72,194. This is due to a combination of waste disposal charges being made to the park where they had previously not, the repairs and maintenance to the Mi Amigo memorial (funded from RAFA) and other miscellaneous items.

Summary - At 31 March 2024 the charity had total funds of £752,501 (22/23: £805,295). Of these funds £749,868 (22/23: £802,777) are tied up in fixed assets. The remainder being endowment and designated funds of £2,633 (22/23: £2,518) held as investments. There was investment income of £115 (22/23: £56). This has been transferred to the Designated Fund which now totals £253 and is available to spend in accordance with the Charity’s Trusts & Objectives.

RESERVES POLICY

As the charity is managed and funded by the Council no specific charity reserves are deemed to be necessary.

Annual revenue expenditure is generally greater than income and the variance is born by the Council and not carried forward into the next financial year.

This charity has specific monies invested in the Council’s internal investment fund. Interest is received half yearly on the monies invested. The original investment forms the endowment fund and any interest earned is unrestricted income. This income has been earmarked by the trustees for use at the site for one-off projects rather than on-going costs and has therefore been shown as a designated fund.

RISK MANAGEMENT

The charity is dependent for its day-to-day management upon Sheffield City Council. It is therefore considered expedient and cost effective for the charity to adopt the Council’s risk management policy and strategy, which it considers is a crucial part of the service planning process in highlighting key risks and how they affect the Council’s ability to deliver its service and how they will be managed. The Council has incorporated a formal approach to risk management in its day-to-day operations and has developed a toolkit to allow managers to identify risk, which would prevent them from achieving their objectives and to provide information and guidance on how these risks can be managed. The Council operates an Internal Insurance Account covering a variety of risks.

4

ENDCLIFFE PARK TRUSTEES’ REPORT YEAR ENDED 31 MARCH 2024

Trustees' responsibilities statement

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TRUSTEES

Sheffield City Council adopted a Committee system in May 2022. The current Trustees are listed on Pg 1.

Approved by the Trustees and signed on their behalf by:

23/01/2025 Signed _____ Date _______

Cllr Richard Williams – Chair of the Charity Trustee Sub Committee .

5

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF Endcliffe Park

I report to the trustees on my examination of the financial statements of the charity for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

........................................ Melvin Bailey FCCA DChA for and on behalf of Rogers Spencer Chartered Accountants Newstead House Pelham Road Nottingham NG5 1AP

Dated: 29/01/2025

6

ENDCLIFFE PARK STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024

Note
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Investments
10
Total
Expenditure on:
Charitable activities
5
Total
Net income/(expenditure)
Transfer between funds
Other recognised gains / (Losses)
Gains / (Losses) on revaluation of fixed assets
19
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
2023/24
£
87,647
108,594
115
196,356
196,241
196,241
115
-
138
253		 Restricted
2023/24
£
-
-
-
-
25,731
25,731
(25,731)
(27,179)
802,777
749,868		 Endowment
2023/24
£
-
-
-
-
-
-
-
2,380
2,380		 Total
2023/24
£
87,647
108,594
115
196,356
221,971
221,971
(25,616)
(27,179)
805,295
752,501		 Total
2022/23
£
16,799
113,433
56
130,288
149,778
149,778
(19,490)
-
824,785
805,295

The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derives from continuing activities.

7

ENDCLIFFE PARK STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2023

Note
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Investments
10
Total
Expenditure on:
Raising funds
4
Charitable activities
5
Total
Net income/(expenditure)
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
2022/23
£
10,614
113,433
56
124,103
-
124,047
124,047
56
82
138		 Restricted
2022/23
£
6,185
-
-
6,185
-
25,731
25,731
(19,546)
822,323
802,777		 Endowment
2022/23
£
-
-
-
-
-
-
-
-
2,380
2,380		 Total
2022/23
£
16,799
113,433
56
130,288
-
149,778
149,778
(19,490)
824,785
805,295		 Total
2021/22
£
93,013
74,968
2
167,983
-
179,353
179,353
(11,370)
836,155
824,785

The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derives from

8

ENDCLIFFE PARK BALANCE SHEET AS AT 31 MARCH 2024

Unrestricted Restricted Endowment Total Total
2023/24 2023/24 2023/24 2023/24 2022/23
Note £ £ £ £ £
Fixed assets
Tangible fixed assets 9 - 749,868 - 749,868 802,777
Investments 10 253 - 2,380 2,633 2,518
253 749,868 2,380 752,501 805,295
Current assets
Debtors 11 1,123 - - 1,123 950
Liabilities
Creditors falling due within one year 12 (1,123) - - (1,123) (950)
Net current assets - - - - -
Net assets 253 749,868 2,380 752,501 805,295
Funds
Unrestricted income funds
Designated funds 15 253 253 138
Restricted income funds 13 - 777,046 - 777,046 802,777
Endowment funds 14 - - 2,380 2,380 2,380
Revaluation Reserve 19 (27,179) (27,179)
253 749,868 2,380 752,501 805,295

Approved by the Trustees and signed on their behalf by:

23/01/2025 Signed _____ Date _______

Cllr Richard Williams – Chair of the Charity Trustee Sub Committee.

9

ENDCLIFFE PARK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

1. Accounting Polices

Endcliffe Park is a registered charity in England. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are to provide public parks and leisure walks.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective on 1 January 2019 (Updated second edition – October 19), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The principal accounting policies adopted in the preparation of the financial statements are as follows:

1.1 Fixed assets

Endcliffe Park is classified as a Community Asset. The trustees policy is to value Community Assets at £Nil.

Land and Buildings were carried in the accounts at deemed cost as at date of transition to SORP (FRS 102).

Other Plant and Equipment are carried at cost.

Expenditure on fixed assets is capitalised, provided that the fixed asset yields benefit to the charity and the services it provides are for a period of more than one year.

Assets have been reviewed for any impairment loss in respect of consumption of economic benefit.

In 23/24 the assets were revalued by Property Services at Sheffield City Council.

10

ENDCLIFFE PARK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

1.2 Depreciation

Depreciation is provided on fixed assets at rates calculated to write off the cost of the assets over their expected useful lives as follows:

1.3 Investments

Fund balances are invested internally with Sheffield City Council. Investments are held at market value.

1.4 Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise of unrestricted funds that have been set aside by the trustees for specific purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

Endowment funds represent those assets which must be held permanently by the charity, principally investments. Income arising on the endowment fund can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund.

1.5 Income

Income from donations and grants, including capital grants, is included in income when it is probable that the income will be received, and is allocated to the appropriate fund.

Investment income is included when receivable.

Rental, events, and similar income is included when the event or function has taken place.

The cost of running the park is funded by Sheffield City Council. Annual revenue expenditure is generally greater than income and any variance is borne by the Council by way of a grant to the charity.

11

ENDCLIFFE PARK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

1.6 Expenditure

Expenditure is included in the Statement of Financial Activities on an accruals basis, net of any VAT, which can be recovered as Sheffield City Council is the sole trustee and therefore has special status under s33 VAT Act 1994.

The main exception to this treatment is payments for such items as gas and electricity are charged at the date of the meter reading rather than being apportioned between years. This policy is applied consistently each year.

Expenditure has been allocated to the activities to which it is directly attributable.

Cost of raising funds

The cost of generating any external funding, such as grant applications and events, is attributable to the time of Sheffield City Council officers who work on a range of projects including the charity. As such it is not possible to accurately apportion the cost of this to the charity so no charge is included in the accounts.

Charitable activities

Charitable activities are set out within the charitable deeds and represent the costs associated with the running and maintenance of the park.

Governance costs

Independent examination costs and finance officer costs are charged to the charity. The Council currently absorbs the cost of other officers’ time. This policy is kept under review.

Staff costs

The staff who work for the charity are employed by Sheffield City Council, and are subject to the terms and conditions of that organisation. The costs of such staff are recharged to the charity. Full disclosure of the relevant staff costs and numbers is provided in the notes to these financial statements.

Pensions

City Council employees may participate in the Local Government Superannuation Scheme, which provides members with defined benefits related to pay and service. The City Council makes payments for this group of employees to the South Yorkshire Pensions Authority, which administers pension arrangements on behalf of Sheffield City Council and the other local authorities in the South Yorkshire area. The City Council bears any deficit or surplus on the scheme and does not charge this to the charity.

12

ENDCLIFFE PARK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

1.7 Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

1.8 Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.9 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

13

ENDCLIFFE PARK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 24

2. Donations and legacies
Grants
Unrestricted:
S106 maintenance drawdown
Donation
Memorial Benches & Tree planting
Sheffield City Council - revenue grant
Restricted:
Sheffield City Council - capital grant		 2023/24
£
8,446
14,000
-
65,201
87,647
-
-
87,647		 2022/23
£
-
-
1,192
9,422
10,614
6,185
6,185
16,799

If expenditure is greater than income the variance is borne by Sheffield City Council and not brought forward into the next financial year.

3. Income from charitable activities
Unrestricted:
Fees and charges
Events
Rents
4. Analysis of expenditure on raising funds
Unrestricted:
Events
5. Analysis of expenditure on charitable activities
Unrestricted:
Employees
Repairs and maintenance
Grounds maintenance
Playground refurbishment and maintenance
Electricity
Water and sewage
Supplies and services
Tree work
Governance costs
Restricted:
Depreciation
6. Governance costs
Managing and administration:
Independent examination fees
Finance office costs		 2023/24
£
4,285
25,989
78,321
108,594
-
2023/24
£
79,717
18,248
14,925
14,018
5,344
2,785
52,429
6,360
2,415
196,241
25,731
221,971
2023/24
£
1,123
1,292
2,415		 2022/23
£
6,810
24,905
81,718
113,433
-
2022/23
£
74,582
5,379
13,949
4,367
3,785
2,077
6,763
10,926
2,220
124,047
25,731
149,778
2022/23
£
950
1,270
2,220

14

ENDCLIFFE PARK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 22

7. Staff costs and trustees' remuneration
Salaries
Social security costs
Superannuation		 2023/24
Total
£
61,796
6,180
11,741
79,717		 2022/23
Total
£
57,816
5,782
10,985
74,582
8. Staff numbers
2023/24
2022/23
Number
Number
The average number of employees during the year was
3
3
9. Fixed assets
Assets under
Construction
Plant and
Equipment
Land and
buildings
Total
£
£
Cost
At 1 April 2023
-
2,331
1,048,194
1,050,525
Additions
-
-
-
-
Transfers
-
-
-
-
Revaluation 31st March 2024
(235,744)
(235,744)
At 31 March 2024
-
2,331
812,450
814,781
Acccumulated depreciation
At 1 April 2023
-
2,331
245,417
247,748
Charge for the year
-
-
25,731
25,731
Reverse depreciation on revaluation 31 March 2024
(208,565)
(208,565)
At 31 March 2024
-
2,331
62,583
64,914
Net book value
At 31 March 2024
-
-
749,868
749,868
At 31 March 2023
-
-
802,777
802,777
10. Investments
2023/24
At market value
£
At 1 April 2023
2,518
Interest received
115
At 31 March 2024
2,633
11. Debtors
2023/24
2022/23
£
£
Amounts due from Sheffield City Council
1,123
950
No employee received remuneration of over £60,000 during the year (2021 - None). Trustees received no remuneration (2021 -
£Nil) and were not reimbursed for any of their expenses during the year.
All land and buildings are included at revalued amounts based on a valuation carried out March 31st 2024 by SCC Property
Services
The charity funds are invested in Sheffield City Council's Consolidated Loan Funds (interest paid half yearly). Market value is
the same as historical cost.		 8. Staff numbers
2023/24
2022/23
Number
Number
The average number of employees during the year was
3
3
9. Fixed assets
Assets under
Construction
Plant and
Equipment
Land and
buildings
Total
£
£
Cost
At 1 April 2023
-
2,331
1,048,194
1,050,525
Additions
-
-
-
-
Transfers
-
-
-
-
Revaluation 31st March 2024
(235,744)
(235,744)
At 31 March 2024
-
2,331
812,450
814,781
Acccumulated depreciation
At 1 April 2023
-
2,331
245,417
247,748
Charge for the year
-
-
25,731
25,731
Reverse depreciation on revaluation 31 March 2024
(208,565)
(208,565)
At 31 March 2024
-
2,331
62,583
64,914
Net book value
At 31 March 2024
-
-
749,868
749,868
At 31 March 2023
-
-
802,777
802,777
10. Investments
2023/24
At market value
£
At 1 April 2023
2,518
Interest received
115
At 31 March 2024
2,633
11. Debtors
2023/24
2022/23
£
£
Amounts due from Sheffield City Council
1,123
950
No employee received remuneration of over £60,000 during the year (2021 - None). Trustees received no remuneration (2021 -
£Nil) and were not reimbursed for any of their expenses during the year.
All land and buildings are included at revalued amounts based on a valuation carried out March 31st 2024 by SCC Property
Services
The charity funds are invested in Sheffield City Council's Consolidated Loan Funds (interest paid half yearly). Market value is
the same as historical cost.		 2023/24
2022/23
Number
Number
3
3
Plant and
Equipment
Land and
buildings
Total
£
£
2,331
1,048,194
1,050,525
-
-
-
-
-
-
(235,744)
(235,744)
None). Trustees received no remuneration (2021 -		 2023/24
2022/23
Number
Number
3
3
Plant and
Equipment
Land and
buildings
Total
£
£
2,331
1,048,194
1,050,525
-
-
-
-
-
-
(235,744)
(235,744)
None). Trustees received no remuneration (2021 -
- 2,331
812,450
814,781
-
-		 2,331
245,417
247,748
-
25,731
25,731
(208,565)
(208,565)
- 2,331
62,583
64,914
- -
749,868
749,868
- -
802,777
802,777
2,633
2022/23
£
950
Market value is

15

ENDCLIFFE PARK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 22

7. Staff costs and trustees' remuneration
Salaries
Social security costs
Superannuation		 2023/24
Total
£
61,796
6,180
11,741
79,717		 2022/23
Total
£
57,816
5,782
10,985
74,582

No employee received remuneration of over £60,000 during the year (2021 - None). Trustees received no remuneration (2021 - £Nil) and were not reimbursed for any of their expenses during the year.

8. Staff numbers
The average number of employees during the year was
9. Fixed assets
Cost
At 1 April 2023
Additions
Transfers
Revaluation 31st March 2024
At 31 March 2024
Acccumulated depreciation
At 1 April 2023
Charge for the year
Reverse depreciation on revaluation 31 March 2024
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Assets under
Construction
-
-
-		 2023/24
2022/23
Number
Number
3
3
Plant and
Equipment
Land and
buildings
Total
£
£
2,331
1,048,194
1,050,525
-
-
-
-
-
-
(235,744)
(235,744)		 2022/23
Number
3
- 2,331
812,450
814,781
-
-		 2,331
245,417
247,748
-
25,731
25,731
(208,565)
(208,565)
- 2,331
62,583
64,914
- -
749,868
749,868
- -
802,777
802,777

All land and buildings are included at deemed cost as permitted on transition to SORP (FRS102) based on a valuation carried out March 31st 2024 by SCC Property Services

10. Investments
At market value
At 1 April 2023
Interest received
At 31 March 2024		 2023/24
£
2,518
115
2,633

The charity funds are invested in Sheffield City Council's Consolidated Loan Funds (interest paid half yearly). Market value is the same as historical cost.

11. Debtors
Amounts due from Sheffield City Council		 2023/24
£
1,123		 2022/23
£
950

16

ENDCLIFFE PARK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 22

12. Creditors: amounts falling due within one year
2023/24
2022/23
£
£
Independent examination fees
1,123
950
13. Restricted funds
Land and
Buildings
Total
£
£
Balance at 1 April 2023
802,777
802,777
Income
-
-
Revaluation
(27,179)
(27,179)
Expenditure
(25,731)
(25,731)
Balance at 31 March 2024
749,868
749,868
Land and Buildings
This fund comprises various grants and donations received to finance capital projects in Endcliffe Park.
Restricted funds - prior year
Land and
Buildings
Total
£
£
Balance at 1 April 2022
822,323
822,323
Income
6,185
6,185
Expenditure
(25,731)
(25,731)
Balance at 31 March 2023
802,777
802,777
14. Endowment funds
2023/24
£
At 1 April 2023 and 31 March 2024
2,380		 12. Creditors: amounts falling due within one year
2023/24
2022/23
£
£
Independent examination fees
1,123
950
13. Restricted funds
Land and
Buildings
Total
£
£
Balance at 1 April 2023
802,777
802,777
Income
-
-
Revaluation
(27,179)
(27,179)
Expenditure
(25,731)
(25,731)
Balance at 31 March 2024
749,868
749,868
Land and Buildings
This fund comprises various grants and donations received to finance capital projects in Endcliffe Park.
Restricted funds - prior year
Land and
Buildings
Total
£
£
Balance at 1 April 2022
822,323
822,323
Income
6,185
6,185
Expenditure
(25,731)
(25,731)
Balance at 31 March 2023
802,777
802,777
14. Endowment funds
2023/24
£
At 1 April 2023 and 31 March 2024
2,380		 2022/23
£
950
802,777 802,777
2023/24
£
2,380

Endowment funds represent those assets which must be held permanently by the charity, principally investments. Income arising on the endowment fund can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investment form part of the fund.

Endowment funds - prior year 2022/23 £ At 1 April 2022 and 31 March 2023 2,380

15. Unrestricted funds

Balance at 1 April 2023
Income
Expenditure
Transfer
Balance at 31 March 2024		 £
£
£
-
138
138
196,356
-
196,356
(196,241)
-
(196,241)
(115)
115
-
General funds Designated funds
Total
-
253
253

Designated funds represent accumulated interest on the endowment funds. The trustees have set this money aside for oneoff projects in the future, rather than for ongoing running costs.

17

ENDCLIFFE PARK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 24

Unrestricted funds - prior year

Balance at 1 April 2022
Income
Expenditure
Transfer
Balance at 31 March 2023		 £
£
£
-
82
82
124,103
-
124,103
(124,047)
-
(124,047)
(56)
56
-
General funds Designated funds
Total
-
138
138
16. Analysis of net assets between funds
Investments
Fixed assets
Revaluation Reserve
Current assets
Creditors due within one year
Investments
Fixed assets
Current assets
Creditors due within one year
Analysis of net assets between funds - prior year		 Unrestricted
funds
Restricted
funds
Endowment
Total funds
£
£
£
£
253
-
2,380
2,633
-
777,046
-
777,046
-
(27,179)
(27,179)
1,123
-
-
1,123
(1,123)
-
-
(1,123)
253
749,868
2,380
752,501
Unrestricted
Restricted
Endowment
Total funds
£
£
£
£
138
-
2,380
2,518
-
802,777
-
802,777
950
-
-
950
(950)
-
-
(950)
138
802,777
2,380
805,295

17. Ultimate controlling party

The ultimate controlling party is the sole trustee, Sheffield City Council.

18. Related parties

The charity has a very close relationship with Sheffield City Council who is the sole trustee and provides the balance of funding not provided elsewhere on an annual basis, to enable the charity to carry out its charitable objectives.

The amount of funding provided by Sheffield City Council during the year is £65,201 (22/23: £15,607). At the year end £1,123 was owed by Sheffield City Council (22/23: £950).

19. Revaluation Reserve
Balance as at 31 March 2023
Gains on revaluation of fixed assets
Depreciation charges written to Revaluation Reserve
Losses on revaluation of fixed assets
Balance as at 31 March 2024		 Unrestri
cted
funds
Restricted
funds
Endowment
Total funds
£
£
£
£
-
-
-
-
(5,000)
(5,000)
(208,565)
(208,565)
-
240,744
-
240,744
-
27,179
-
27,179

18