Company registered number- 07394789
Charity registered number- 1142103
WICKSTEED CHARITABLE TRUST
{A Company Llmited by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

VIICKSTEED CPIARITABLE TRUST
A Company Llmited by Guarantè¢)
CONTENTS
Page
Rgforence and Admlnistrative Details of the Trust, its Trustee5 and Advi$?rs
Trusteos. Rgport
statement of Trustees. R•sponslbllltlo$
Independent Auditor'5 Report on the Flnancial Statement$
Consolldated Statom•nt of Financial Activities
2-12
13
14-17
18
Consolldated Balance Sheat
19-20
Trust 8alan¢e Sheet
21
Consolidated Statement of Cash Flows
22
Notes to the Financial Statements
23-48

WICKSTEEO CHARITABLE TRUST
IA Company Llmltgd by Guarantael
REFERENCE AND ADMINISTRATIVE DETAILS OF THE TRUST. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 29 FEBRUARY 2024
Tru$tee$
O C Wicksteed, Chairman
N P Vaughan
P A Stsmper
M Wigginton (resigned 25 July 20241
R Shanley lappointed 27 July 20231
J Harris (appointed 28 September 2023}
J W E Balding (appointed 30 November 20231
S Young (appointed 25 January 2024}
M J Cowland Ire5igned 21 June 20231
R Hunt {rgsigned 12 May 20231
D Lewin (appointed 26 September 20241
Company reglstered
number
07394789
Charity registered
number
1142103
Reglst¢rod offlce
Wicksteed Park
Barton Road
Kgttering
Northamptonshire
NN156NJ
Independent audltor
MHA
Centijry House
1 The Lakes
Northampton
NN4 THD
Bankers
National Westminster Bank PIC
16 High Street
Kettering
Northanls
NN16 8SZ
Soll¢ltors
Tollers Sollcitors
EKchange Court
Cottingham Road
Corby
Northanls
NN17 1TY
Page 1

wtCKSTEED CHARITABLE TRUST
{A Company Llmltgd by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 29 FEBRUARY 2024
The Trustees present their Annual Report together with the audit￿ financi81 statements of the Wickstegd
Charitsble Trust I'lhe Trust'l and ils subsidiary, Wicksleed Trading Limited Ilogelher Ihe Group") for the year 1
March 2023 10 29 Fobruary 2024. The Annual Report serves the purposes of both a Trustees, Report and a
Directors, Report under company law. The Trustees confirm that the Annual Report and financial statements of
the Group comply wth the current statutory requirements, the requirements of the Trust's governing document
and the provisions of the Statement of Recommended Practice ISORPI applicable lo charities preparing their
a￿OUnts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Irgland
IFRS1021.
Objectives and actlvltles
. Policie5 and objectives
Wicksteed Park is a Grade11 English Heritage Park and Garden. The park was established In 1922. and as thers
the Trust's main objectives are to provide ch8rilable purposes for the benefit of people resident in. but not
8xclusively in, Kettering and its neighbourhood. In particular, the provision of facilities for recreation and other
l&l$ure time occupation in the interest of social welfare lo improve the Conditions of life to the users of such
facilities. The community, education and heritage acts'vity programme5 promote the histori¢ landscape, heritage
rides and pro￿de new opportunities for communities to engage and parbcipate.
The Trust continues to a¢hi8ve Ils objectives by.
Providing access to open spaces conducive to health. These open spaces comprise gardens, an
art)orelum and parkland at Wicksleed Park.
Pioviding an extensive children's playground. with free-to-use swings, slides and other amusements.
The operation of a leisure park Ihrough its wholly owned subsKliary company Wicksteed Trading Limited.
The leisure park Is situated wlhln Wlcksteed Park.
b. Grant-making policies
Wi¢ksteed Park. which Indudes a free playground and the lelsure palk wlthin Sts grounds. is th8 main actiwty th¢
Trust supports to meet its objectives. From lime to lime the Trustees may consider applications from Wicksleed
Trading Limited for financial support to maintain andlor improve those facilities.
c. Public 8enefit
In settiThJ objectives and planning activities. the TnJstee8 have given due regard lo the publSc benefit guidance
published by the Charities Commission. The main activity of the Tiusl is Ihe provision of access lo the grounds
of Wickslaed Park for the benefit of children and adults alike. The Trustees are keen to continue the fourKler's
vision to promde open spaces and play equipment for children and also lo maintain the 18ke and gardens within
the Park. Wicksleed Park ¢onliriues lo be a part of many peoples. personal history, being somewhere that they
came as a child and now Msit with their own chIld￿n and grandchildren.
Page 2

WICKSTEED CHARITABLE TRUST
IA Company Limited by Guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 29 FEBRUARY 2024
Strategic report
Achtevements and perfom?an¢o
a. Main achievements of the Trust
In fulfilmenl of its principal chafitable objective. the Trust maintained free access to tha Park throughout the year.
proiiding vital access lo outdoor space for the people of Kettering and beyond.
b. Maintenan¢0 of I￿* play area$
The Trust continues to maintain the main playground and smaller play areas across the Park. The National
Lottery Hèritage Fund @Play Project supported the inslallalion of a heritage play area wtthin the environs of the
xisling free playground. The installation of the heritage play area was cofflpleled by Wickstegd Leisure Limited,
no longer a company within the Wicksleed group following its sale in 1958 bul founded by Charles Wick51eed
and the original manufacturer of children's playground equipment. The heritage play area and upgrades lo the
free playground opened to the public in spring 2022.
During the financial year. a competition was launched through the @Play Project inviting primary-aged pupils to
design a new piece of playground equipment. The winning design wa5 selected by a panel ofjudges and brought
to life by Wicksleed Leisure Limited. The °Beanslalk" was unveiled lo the publi¢ in March 2024 and is a popular
addition to the free playground.
¢. MaSntenan¢o of the gardèn$, arborgtum and paikland at Wlcksteed Park
During the year the Trust incuffed Costs of £784,96412023 - £1,071,431) in respect of the maintenance of tha
garden5. arboretum and parkland .
d. Restoratlon of the lake and surrounding areas at Wlcksteod Park
The restoration of the lake supported by funding from the Nation81 Lottery Heritage Fund, N¢Nthatnptonshire
County Council and Kellering Borough Council, wdened accessibility lo the Park and provtded opportunities for
wider community engagement and educational opportunities. Further investment into the lakeside area was
secured following the announcement by North Northamptonshire Council of funds from the Recovery and
Innovation Grant scheme. This funding SLtpported the regeneration of the children's lakeside area, together with
other vital projects across the Park.
e. Learnlng and Edu¢atlon a¢tlvltlo$
The eommunlty and educallon team develops 8nd delivers an exciting. inspirlng and accessible prcgramme of
seasonal activities and workshops for children. young people and adults. Activities are designed lo enrich both
national curriculum led learning andlor leisure intere515. The learning space opened in June 2019, providing a
dedicated and well-resourced space to provide opportunities to experience different aspeds of the Pork's rich
landscape and heritage.
Page 3

WICKSTEED CHARITABLE TRUST
IA Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
strategic report {contSnuedl
A¢hlovomonts and perfomiance Icontlnuedl
f. Communlty a¢tivltie$
The communkty team delfvered a ￿de range of community activities throughout the year ended 29 February
2024, supported by a dedicated team of volunteer5 to enable g￿ater access, engagement arKJ participation al
the Park. The team develop and deliver an annual programme of events that celebrate and inlerpfel the Park's
diverse landscape and rich heritage.
In addition, the community team support a number of community led activities and events thich contribute lo the
charitable objectives including Park Run and Junior Park Run. Sea Cadets use the lake for weekly training
sessions and the Model Boat Club continues to attract enthusiasts from across the County for ils activities and
use of the purpose-built model boating lake.
Natlonal Play Day is re¢ognisod oach August with a var￿ty of free-to-access activllles across the Park.
g. Volunteerlng
Wtcksleed Park values the contribulion vdunleers make lo the Park, caring for our landscape and assisting in
the delivery of a wide range of events and activities. The community team coordinate volunteer actimties through
the Wicksleed Volunteer Network providing support and training. Total volunteer hours for the ffinanaal year
amounted to 6.271 12023- 4.1691 reflecting a core team and additional support.
h. Ro$toratlon of the Hlstorlc Heart of Wicksteed Pa
Signif£cant works have been undertaken in recent years to support the resloratlon of th$ Park's hist¢)it
lands¢ape. Works included the pedestrian areas in the main precinct and the Tesloratlon and refurblshmenl of
several Park buildings including th& historic prefabricated buildings ￿MMOn1Y referred lo as the 'Concrele
Cottages.. One of these Cottages has been turned into an Sce croam parlour. honouring a long tradition of
setving ice-cream in the Park. The Trust has complele(S the provision of a new purpose built leaming space
which opened in June 2019, hgrilage play facilities. a changing space5 facility for p$ople with additional physical
needs and has increased accessibility within the heart of the Park.
Funding under the Recovery and Innovation Grant prowded by North Northamplonshire Council has supported
the continued investment into the Historic Heart. The grant contributed towards the repla¢emenl of the main flat
ioof of the pavdion to safeguard this historic and prestigious building and ensure il is a fit for purpose commercial
space able lo generate a sustainable source of revenug for the Park.
Page 4

WICKSTEED CHARITABLE TRUST
(A Company Llmltgd by Guarantge)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 29 FEBRUARY 2024
Strategic report Icontinuedl
A¢hlevgm•nts and ￿rf0m7ance {contlnued}
Play Herltage Lottèry Project
The @Play project, furmled through the National Lottery Heritage Fund is in its final delivery phase. The project
raised awarenes5 of the signrficanl herilttge and place in social history of Wicksleed Park. @Play enhanced the
visitor experience and widened oppcsrtunities lo participate and enjoy simple family play in line wlh the wishes of
the Park's founder, Charles Wid(sleed. This has been achieved through the resloralion and preservation of the
Park's unlque heritage via sustsinable investment and retaining free access to the Park's beautiful herilage
landscape and renowned playground.
The Wicksteed Park Archives is a digital collectton of items ￿lating to the herSta9e of the Park. Made possible by
the d￿l¢atIon of a team of volunteers working with the community team it is a free to access r8souTce that will
cont4nue 10 9row. showcaslng tho Park's heritagg and place in the community.
To mark the Park's belated centenary, a Regatta was held in August 2022. This family.friendly event included
live music, activities on the lake. competitions and more. February 2023 saw tho belaled Centsnary Ball in the
grand pavilion ballroorn.
The refutbishmenl of the fully accessible Garden Ro¢)m is now complete. which together with the refurbished
fountain18wn mako for a spectacular venue with fabulous views across the Park. The completion of these works
preserves the unique heritsge in the heart of the Park while also supporting a sustainable futuie through
additional areas for revenue generation.
The Innovation @Play Awards project, in partnership with schools, local unifom) groups and Wicksleed Leisure
Limited s8w children given the opportunity to pul their design skills into action and %Kal¢h the wnning design be
brought to life in the fom a unique plecg of play equipment installed in the main playground in March 2024.
j. Slade Brook Project
In partnership with the Environment Agency and Nene Rivers Trust, the project created a more natural
wateicourse within Ihls area of the Park. Tho lowered floodplain allows for a greater capacity for water storage
over the winter. providing 8 na￿ra1 defence agaiftst climate change. preventing flooding further upstream.
Improvement of the natural habitat through the ￿anting of native trees and wldflowers wll increase biodiversity
as well as facilitating public access to the area.
New waymarked nature trails have been designed during the year and will open lo the publ1¢ in Autumn 2024.
showcasing the oulslanding natural beauty of Ihls are8 and opening up a ngw opportunity for wellbeing within the
Park.
k. Investment perfonnan¢e agalnst obJ•ctlvos
The TNslees' long teryn investment objectives. as slatèd in the 'Finan¢ial Review below, are lo maxlmis8
Income and capitsl grovAh from the Ilsled investment portfolio. The Trusys income from the listed investments
was £NIL12023 £NIL). Income from listed investments is USLtally reinvested diredy to the portfolio to start to
replenish what has been disinvested lo internally fund projects. In addition to the income from listed inves*ments,
£8.813 {2023 - £1,526) of bank interest was received in the year.
Page 5

WICKSTEED CHARITABLE TRUST
{A Company Llmited by Guarantee)
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 29 FEBRUARY 2024
Strategic r¢port (¢ontinuedl
Achlevements and perfomiance {continuedl
l. Sustalnablllty
As part of the development of a green agenda, alongside wider conservation management responsibilities, tho
Trust is actively seekin9 new ways of working to inform policy and practice going forward, with a view to reducin9
its carbon footprint. The Trust has now invested in four electri¢ vehicles and remains committed lo phasing out
reliance on traditional vehicles where feasible. The Trust has recently completed an energy reviow of ils building
stock and has replaced both roofing m81$rials and single glazed windows on a number of key structuies in the
Park. All lighting within the main pavilion ballr¢)om has now been replaced wlh energy-efficienl LED lighting and
disused or inefficient appliances have been swl¢hed off. Environmental, Social and Govemance considerations
are now a key area in policy and decisionwmaking prO￿SSeS.
Flnan¢lal revlew
a. Golng ¢on¢grn
Wicksteed Trading Lim￿e0 was incorporated lo continue the trading acliwties of the Trust with a heavily m¢)difièd
business model and a reduced headcount from the former trading entity. Wicksleed Park Limited. The business
model has shifted from one with a large stsff base (both full, part lime and seasonall with high fixed overheads.
to one wtlh a small headcounl and lower, variabl8 overheads based on profitable activities.
Thg year ended 29 February 2024 was a challenging year for the trading subsidiary in light of hKJh inflation.
Increases lo National Minimum Wage and the impact of the cost-of-living crisis on the Core customer base, with
the squeeze on disposable income affecling spend on leisure lime aclivilies. In response to these challenges.
the trading subsidiary has completed a revSew of key contracts. suppliers. and casual staff rots arrangements lo
reduce the cost base. Furthermore, the calendar of events has b8en subslanlialty enhanced for 2024125 and
beyond YAlh the addition of new actiwties for Halloween, ChTlStmas, nature, and wellbeing. These $vents will
boost re￿n￿e at key points in the Park's calendar lo bolster income outside of the main rides and attractlons
season.
In assessing going concem, the Trustees have takon into account all available information about the future and
have reviewed detailed forecasts which consider both the various impacts of anti¢ipaled price rises and potential
future cash inflows arising from land salgs and the development of an over 55$ village wthin the Park. In light of
these considerations, and the management thereof. the Group's results are reported in accordan￿ with the
going concem concept.
The Twsl has su¢cessfulty applied to Ihe National Lottery Heillage Fund for 8 ngw grant lo support the creation
of a fundraising team at th8 Park. The team will be tasked with bc>osting non-trading ravenu8 by creating
awareness of and attr8¢ting funding for the piote¢lion of both the green space and heritage.
Page 6

WICKSTEED CHARITABLE TRUST
{A Company LlmSt¢d by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 29 FEBRUARY 2024
b. Reserves policy
Al th8 end of the repo￿ng period, the total reserves held by the Group amounted to £7,154,026 12023
£7.789,0691. Withln the total reserve balance, £18.616 (2023 £18,616) relates to the restricted Heritage Fund
which reflects donations and grant income re¢elved lo promote the heritage ol Wicksteed Park and £59,975
12023 £17,459) relates lo the @Play Fund ithich reflects income received to facilitate and enhance simple
family play in line with the wishes of the Park's founder. Charles Wlcksteed. Unrestricted reserves of £7,059.243
{2023 - £7.751,119) include the Accurnulaled Trust Fund which represents general funds not designated for
parts"cular purpose and the Revaluation Reserve which represents the amount by which unrestricted investments
exceed thelr hislorlcal cost.
The Trustees have considered the level of free re3erves, which are those unrestricled fL¢nds not invested in
tangible fixed assets, intangible fixed a5sels, designated or commltted funds. Al 29 February 2024, free resefves
amounted to a surplus of £814.06312023- £1.681.4641.
The Trustees consider that there are suffi¢Sgnl reserves to allow flexibility lo respond to short term and
emergency requirements of the Tru51, which may arise from time to time, due lo the nature ol Its properties. In
the Trustees, opinion. retained reserves should be equated wth approximately ￿e1ve months unrestricted
resources expended. excluding exceptional items, which 15 tu￿entlY in the regSon of £1.3m to £l.Sm.
Al this level, the Trustees believe they would have sufficient lime to generate funds from internal resources or to
consider alternative external sources of funding in order lo enable the Trust lo meet its obligations.
The current strategy is to replenish reserves through tho revlsed structure of the Trust's trading subsidiary. which
11 be supported by the Tru51 to enable il to operate effectively, through the establishment of an over 55$ village
within the Park's grounds and through fundraising activities supported by the newly awarded National Heritsge
Lottery Fund grant.
Details of material designated funds and their purposes are detailed in Note 22 to the financial ststements.
¢. Investment pollcy and performance
The Trustees have considered the most appropriate polKy for invosting funds and have found that a portfolio of
listed inveslmenls, managed as a discretionary portfolio by a firm of stockbrokers, meets their requirements to
generate both income and, over Ihe long temi, ¢apilal growth. In line w(th ils Investment Policy, Trustees take
into account environmental. socièl and governance considerations when making investment decisions. Portfolio
managers are aware of the Trust's objectives to ensure that individual investments wthin the portfojio align with
the charitable objectives of Ihe organisation.
Page 7

WICKSTEED CHARrrABLE TRUST
(A Company Llmited by Guarantee)
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 29 FEBRUARY 2024
d. Ri$k managemant and intemal control
Risk management- The Trustees ensure there are effective arrangements In place for Intgmal control includlng
risk management. A new Risk Management Policy was ralified by the Trustees at ils meeting In March 2023.
The systom of internal control is designed lo Identify, evaluato, monitor and manage risks. The system of internal
control is designed lo manage risk lo an acceptable level ¥Mthin the risk appetite of the Trust. The level of
acceptable risk is a key f2clor in the Trust's investment decislon-maklng process when considering how best lo
achieve its charitable aims and objeclNes.
Systems for management of risk - Risk managtsmenl forms a core part of rnanagernent informabon and is
considered al each Trust Board meeting. 11 inforffls how the Trust monitors its policies and iriilialives and how
these are incorporated into wider business planning across the Group. With partiCLtlar refeTen¢è to Wicksteed
Trading Limited, given the nature of its primary trade. risks are identified through senior and operational
management, incorporated Into the risk management framework and appropriate moniloring and mitigating
controls put in place.
The Audit Committee is tasked wth revsewing the Risk Register and systems of inlemal control and will report to
the main Board with any rewmmendalions for improvement.
An annual governance revl6w is completed each Autumn. Where weaknesses are identified, these are actioned
by managefflent and reported back lo the Trust Board.
The major risks fac¢ng the charity which Trustees consider lo be Ihe most significanl are:
Inflation risk- the risk that costs. particularty slafflng and ulilityes, will rise subslantialty ahead of income.
restricting the Tfusl's ability to deliver on ils charitable objactwes. Trtjslees continue lo closely monitor the
economic position both locally and nation811y. Budgetary controls and financial rgPOrting ale used lo
monitor the internal position Imthin the cost constraints prevailing.
Weather patterns- climate change and the risk of increased arsd prolonged spells of wet weather ￿11
have a detrimentsl impact on the main revenue of the trading ￿rnpany. To miligale thls risk the trading
company Is tasked with reducing reliance placed on tradltional. weather-dependenl income streams, with
a focu5 on year-n)und revenue generation.
Infrastructure- followng the effects of the pandemic on both trading income and reserve le￿1$,
Infraslruclure across the Park is in need of investment both to preserve the hisloiic landscape and to
attract Customors into Ih&1gisure park al a lime when household incomes are being squeezed by the cost
of living crisis. A programme of maintenance works is underway across the Park to preserve and protect
the historie landscape for future generations. Investment into the leisure park attractions is also ongoing. A
Management and Maintenance Plan has been completed through the @Play Project whi¢h facilitates
blssiness planning lo support the investrnenl needed across the Park.
Page 8

VIICKSTEED CHARITABLE TRUST
(A Company Llmlted by Guarantee}
TRUSTEES. REPORT (CONTINUEOI
FOR THE YEAR ENDED 29 FEBRUARY 2024
Plans far th• future
The Trustees plan to conUnue the act5￿tIeS oullSned above in the forthcoming years. and lo make more beneficial
use of the Trust's heritage assets. The new lodge vlllage for the over 55$ wll provide a baseline source of
revenue for the Park which is not wealher-dependent and wlll also provide funds lo bglster the reseNgs and
support investment into both the heritsge assets and ￿e trading subsidiary. The plans for the village have been
subject to consultstion and expert external scrutiny lo ensure they are appropriate lo the Park and are in line wlh
the original vision of the Park's founder. Charles Wicksteed. Wicksleed Village Umlted has been formed lo
manage the proposed development and will form part ol the Group going forward.
A result of the investment into the Park's assets and infraslructurtr wll 811ow for enhanced event activities
throughout the year by making these assets more accessible and attractive to both commercial and private
bookings. An enhanced event programme wll also serve to bolster a non-wealher dependent income stream lo
ensure the Park's future sustainability.
The implemenlallon of a fundraising team Into the Park wlll ralse awareness of the Park as a unique heritage
asset wSthin the county. opening up new opportunities for revenue generation through grant funding and
dona￿On$.
New partnerships with groups including the Kettering Nature Group. local councils and other leisu￿ operators in
the county have opened up opportunities lo raise awareness of the Park lo wider aLtdlenc8s through nature
acttvilies. community festivals and wellbeing.
f. Employment policios
The Trusfs policy is lo give full and fair consid&r81ion lo applications for employment made by disabled persons,
having regard lo their particular aptitudes and abilities. Disabled employeès receive appropriate training lo
promote their career development. Employees who become disabled are retsined in their existing posts where
possible or retrained for Suitable altemallve posts. Regular meetings are held belween senior management and
employees or their employee representatives lo discuss matters of concern.
g. Flnan¢lal actlvlties
The Group's principal fLtnding source is the income derived from the operation of a leisure park wthin Wickslged
Park. This income is ger¥erated by the Trust's trading subsidiary Wicksteed Trading Limited.
Wicksteed Charitable Trust
Totsl incoming resoU￿e$ for the year were £4,196,356 (2023 - £5.202,581). Resources expended in the year
tolalled £4,825,194 12023 - £4,196.959}- Valuation losses on the investment portfolio came lo £6,205 12023
£15.9111. There was no lax rebate received during the year {2023 - £NIL). The overall dacrease in Group funds
for the year was £635.043 {2023- £989,711 Inuease).
Wicksteed Tradin
Limited
Total income for the year was £3.977,967 (2023 £4,615,420). Expens&s for the year. including a Glft
payTnent to the parent of £412,867 totslled £4,692,208 {2023 £3.733.0491. The overall defial for the year,
including Gift Atd, was £714,241 (2023- 882.371 profill.
Page 9

WICKSTEED CHARrrABLE TRUST
IA Company Limited by Guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 29 FEBRUARY 2024
structurè. govemance and managoment
a. Governlng document
Wicksteed Charitable Trust is controlled by ts govemlng documenL the Memorandum arbd Articles dated 11
April 2012. and constitutes a company limited by guarantee, as defined by the Compani¢s Act 2006.
b. Liability of mombars
The liability of the members Is Ilmiled. Every member of the Charity proTnises, if the CharSty is dissolved while he
or she or it is a member or wllhin twtslve months after he or she or il ceases to be a member, lo contribute such
sum (not exceeding £101 as may be demanded of him or her or it lowards payment of the debts and liabilities of
the Charity incurred before he or she or il ceases lo be a m8mb&r, and of the costs charges and expenses of
nding up, and the adjustment of the rights of the conlribulories 8mong themselves.
¢. Trustees. Indemnltles
Throughout the year, and lo th& date this report is approved. professional indemnity insurance was in place to
Protect Tru51ees from claims arising from negligont acts, errors or omissions occijrring whilst on Twsl business.
d. Equality. Diversity and In¢lu$lon
Wicksleed Park is committed lo fostering 8 culluro of equality. diversity and inelusion across the organisation. A
ngw Equality, Diversity ar￿ Inclusion Policy was t81if*d by the Board in January 2024 and all pemianent staff
have completed enhanced training during Summer 2024.
As part of Its Straleglc Re￿ow. the Trust has commisslonad an organlsatlon-wlde survey of dlverslty to
understand the baseline and lo plan future strategy accordingly.
•. Raerultment and appointment of new Trustees
In accordance with the Articles of Association. the number of Trustees shall not be less than two bul shall not be
subject to any maximvm. Trustees may be appointed by ordinary resolution at any general meeting. Th¢
Trustees remain in office until they resign or are removed. Trustee membership is Yeviewed al the annual review
meetsng in autumn of each year.
Trustees are recruited lo provide the skills and expedence required lo govern the Trust 8ncl a skills audit is
completed annually by the HeatJ of HR followng a review of Trustee perfomance. Vacancies a￿ a(ivertised lo
attract suitably skilled c8ndldates and short-lisled applicants undèrgo a selection process. Recommendations for
8ppolnlment are ratified by the Board.
f. Trustee inductlon and training
A Trustee induction and ongoing Iralnlng programme ¢s in ￿ace which requires Tnjstees lo complete rel8vant
online training modules and familiarise themselves Charity Commission guldance, aligngd to their roles and
responsibilities.
The effectiveness of the Trust Board is rev¢ewed annually al the Annual Review meeting and by the Audit
Committee. If a Tiuslee has served for more than three consecutive terms of three years, their reappoinlrnent is
subject lo a rigorous review by the Board before reappoSnlment is confirmed.
Pago 10

WICKSTEED CHARITABLE TRUST
IA Company Llmlted by Guarantae)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 29 FEBRUARY 2024
stru¢tur•. govgmancè and managem¢nt 1¢ontinu￿)
g. Oryanlsation
The affairs of the Trust aro managed by the Board of Trustees, whlch meets at least six times a year.
The Board of Trustees is responsible for formulating strategy arKI ￿)I￿leS for the Trust and the exercising of
financial controls. A full govemance and policy rewew is scheduled for each autumn lo en8￿￿ policies and
procedures remain current and in line wlh best practice.
A strategic rewew of the organisalion is ongoing and wll address the aclmlies of the Board and Sha￿ thg future
strategic direction of the organisation.
h. Group structurn and investment in subsldlarl•$
All entities referenced below have been treated as stsbsidiaries on the basis that Wicksleed Charitable Trust has
control as11 Is exposed to, or has rights lo, variable returns from ils involvoment with the subsidiary and has the
ability to affect those returns.
The Trust owns 100% of the ordinary shares of Wicksteed Tradlng Llmited. a trading company Ino)Iporaled In
England and Wales to carry out certain actr'vities. which are ancillary lo and supplement the objectives of the
Trust. One of the Trustees is also a director of the company.
The trading sub5idiarls activitie$ lor the year are summarised in note 16 to the financial slatemenls.
The followng entities. registered in England and Wales, have been treated as subsidiaries for the reasons sel
out above.. Paradise Lane Limited Idormanll and Wicksleed Village Limited (dormant).
The structure of Wicksleed Trading Limited has been r&vi8wed during the ygar lo enhance overall goveTnance
and reporting lo the Trust. The senior management team require a broad expertise which involves drawtng from
the bgst senior level talent In the market. The Trust seeks to keep senior management salary costs at a
Proportionate ratio lo other salaries In the organisalion. Salarias for the senior management Igam are approved
and reviewed annually by the Tru51.
The senior rnanagemenl leam as al 29 February 2024 comprised..
Dlreclor of Finance and Govemance- Kelly Richardson LLB (Joint Honsl CPFA ACA
Head of Estste- Michael Bush DMS
Head of Operations- Jordan St Germaln BBUS CMILT (appointed 12 September 2023, reslgned 5 August
20241
Head ol HR- Mariya He8ney18ppoinled 19 April 2023, resigned 12 March 20241
Dlsclosurg of Infofmatlon to auditor
Each of the persons who aro Trustees at the lime when this Trustees, Report Is approvèd has confirmed that..
so far as that Trustee is aware. thare Is no relevant audit information of which the chaiitable group's
audltor is unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee In order to be aware of
any relevant audit infomiation and to establish that the charltsble group's audltor is aware of that
infomiation.
Pag821

WICKSTEED CHAR￿ABLE TRUST
IA Company Limited by Guaranteel
TRusfEES' REPORT ICONfiNUEDI
FOR THE YEAR ENDED 29 FEBRUARY 2024
Audltor
MHA has Indlcated their willingness to ¢ontinue in office. The designaled TnJsle8s will propose a motion
reappcynting the auditor al a meeting of the Tftjstees.
Appro
order of the membèrs of the Board of Trustees and signed on their behalf by..
ickste
Chairman
Dale."
Page 12

WICKSTEED CHARITABLE TRUST
(A Company Limited by GLtaranteel
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 29 FEBRUARY 2024
The Trustees (who are 81so the Directors of the Twst for the pur￿Se3 of company lawl are responsibl& for
preparing the Trustees, Report including the Strategic Report and the financial stal8ments in accordance wlh
applicable law and United Kingdom Accounting Standards (Llniled Ktngdom Generally Accepted Accounting
P￿ctI￿1.
Company law requires the Trustees lo prepare financial slalgments for each financial year. Under company law,
the Trusl&es must not approve the financial statements unless they are s*isfied that they give a true and fair
view of Ihe state of affairs of thè Group and the Trust and ol their incoming resources and applicabon of
resources, including theii income and expendittjre. for that period. In prepaiing these financial slalemenls. the
Trustees are required lo..
seloct suitable accounting policies and then 8pply them consisltsnuw.
observe the m@thods and principles of the Charities SORP IFRS 1021.,
make judgements and accounting estsmates that a￿ reasonable and prudent..
stsle whether appli¢8ble UK Accounting Standards {FRS 7021 have been fdlowed. subjecl to any material
departurés disclosed and eXpla￿ne￿ in the financial statements.,
prepare tho financial statements on the going concern basis unless it 15 inappropriate lo p￿Surne that the
GroLtp and the Trust will ujntinue in business.
The Twstees are respon3ib5e lor keepin9 adequate 8o¢ounting records that are sufficient to show and èxp(8tn
the Group and the Trust's transactions and disclose Mlh reasonable accuracy al any time the financial position
of the Group and the Trust and enable them lo en5Uf8 that the financial siatemenls wmply with the Companies
Act 2006. They are also rèsponsible for safeguarding the assets (rf the Group and the Trust and hence for taking
reasonable steps for the prever>tK>n and delection of fraud and other irregularÈb'es.
In so far as Ihe Trustees are aware..
there is no relevant audit information of vA)ich the Group and the Trust's auditor is unaware., and
the Trustees have lakgn all steps that they ought to have taken lo make themselves aware of any relevant
audtt information and to establish Èhal thè auditor is aware ol that informatson.
Appro
er of the Members of the Board of Trustees and signed on its behalf by..
O C Wicks
Chaimian
08te.' L.- /' Ii/u':_
Pa￿ 13

WICKSTEED CHARITABLE TRUST
(A Company Llmited by Guarantee)
INDEPENDENT AUDtTOR'S REPORT TO THE MEMBERS OF WICKSTEED CHARITABLE TRUST
Opinion
We have audited the financial slalements of Wi¢ksleed Charitable Trust Ilhe 'parenl charitable compan￿) and its
subsldiaries (the 'Group'} for the year ended 29 February 2024 which comprise the Consolidated Slalement of
Financial Activities. the Consolidated Balance Sheet, the Trust Balance Sheet, the Consolidated Statement of
Cash Flows and the related notes, induding a summary of significant accounting policies. The financi81 reporting
fiamework that has been applied in their preparation is 8ppli¢able law and United Kingdom Accounting
Standards, induding Financial Reporting Standard 102 The Financial Rèporting Standard applicable in the UK
and Republlc of Ireland. {United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial staternents=
give a true and fair view of the stste of the Group's and of the parent charitable compan￿$ affairs as al 29
February 2024 and of the Group's incoming resources and applicatlon of resources, includlng Its Income
and expenditure for the year Ihgn ended-
have been property prepared in accordance wlh United Kingdom Generally Accepted Accounting
Practice- and
have been prepared In accordanc& with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKI} and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial ststemenls section of our report. We are independent of the Group in accordance with the ethical
reqLtirement5 that are relevant lo our audit of the financial statements in the United Kin9dom. including the
Financial Reporting Couricil's Ethical Standard. and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit ewdence we have obtaine(l is suffi¢i8nl and
appropriate to prOV￿e a basis for our opinlon.
Concluslons r•latlng to golng concern
In auditing the financial statements, we have concluded that the Trustees, use of the going c4)ncern basis of
a¢¢ounting in the preparauon of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to eversts or
conditions that, indimdually or collectively, may cast significant doubl on the Group's or the parent charitable
mpanys ability lo continue as a going concern for a period of at least Iwelve months from when the financial
slalemenls are aulhorised for issue.
Our responsibilities and the responslbililies of the Trustees wlth resped to g¢￿ng concern are described in the
relevant sections of this report.
Page 14

WICKSTEED CHARITABLE TRUST
{A Company Llmlted by Guarantee)
INDEPENDENT AUD￿OR's REPORT TO THE MEMBERS OF WICKSTEED CHARITABLE TRUST
(CONTINUED)
Othei Infomiatlon
The other information comprises the information Sncluded in the Annuil Report other than the financial
statements and our Auditor's Report thereon. The Trustees are responsible for the other Information conlalned
within the Annual Report. Our opinion on the financial stslemenls does not cover the other inforrnation and,
except to the exlenl otherwise expli¢iUy staled in our report, we do not express any form of assurance conclusion
thereon. Our responsibility is to fead the other information and, In doing so, consider whether the other
information is materially inconsistent wlh the financial statements or our knO￿edge obtained in the course of the
audit. OT otherwise appears to be materially mlsslated. 11 we identify such material inconsistencies or apparent
material mlsstalements, we are required lo determine whether this gives rise to a material mlsstalemenl In the
finan¢Tral stalemenls themselves. If, based on the work we have performed. we conclude that there is a material
misslalemenl of this other informallon, wg ale required to report that fact.
We have nothir¥J to report in this regard.
Matters on whlch we are requlred to report by ex¢eptlon
We have nothing lo report in respect of the folbwing matters where the Charities (Accounts and Reports)
Regulations 2008 ￿qUireS us lo report to you if, in our opinion:
the infomiation given in the Trustees, Report is inwnsi5tent in any material respect with the fiTran¢ial
statements.. or
the parent charitable company has not kept sufficient accounling records- or
the parent charitable company financial statements are not in agreement with the accounting records and
returns.. or
we have not received all the infamalion and explanations we requirg for our audit.
Responsibiliti¢$ of Trustws
As explained more fully in Ihe Statement of Trustees, RestK)nsibililies. the Trustees (who are also the 0Sre¢lors
of the charitable company for the purposes of company lawl are respgnsible for the p￿paratiOn of the financial
statements arkd for being satisfied that they give a true and fair view. and for such internal ¢ontrol as the
Trustees delerrnino is necpssary lo enable the preparation of financk81 slalemenls that are free from material
misstatement, whelhgf due lo fraud or error.
In p￿paring the financial stslements, the Trustees are responsible for assessing the Group's and the parent
charltable compan5ls ability lo continue as a going concern, disclosing. as applicable, matters related lo going
concern and using the going concern basis of accounting unles5 the Trustees either intend to liquidate the Group
or the parent charitable company or lo cease operations. or have no realistic altemative bul lo do so.
Page 15

WICKSTEEO CHARITABLE TRUST
{A Company Limited by Guarantsg}
INDEPENDENT AUDITOR'S REPORT TO THE lthlEMBERS OF WICKSTEED CHARtTABLE TRUST
(CONTINUED)
Auditorfs respon5ibilitie5 for the audlt of th• flnanelal statements
We have been appointed as aL￿1t01 L*ndor section 151 of the Charities Act 2011 and report In accordance with
the Act and relevant regulations made or having effect thereunder.
Our Obl￿tIveS are to obtain reasonable assurance about wh8thar the financial statements as a whole are free
from material misslatemenl, whether due lo fraL*d or error, 8nd to Issue an Auditor's Report that includes our
opinion. Rèasonable assurance is a high level of assurance. but Is not a guarantee that an audit conducted in
acwrdance wlth ISAS IUKI ¥MII always delecl a material rnisstatement when il exists. Misstatements can arfse
from fraud or error and are Considered material If, individually or in the aggregate, they could ieasonably
expected to influence th¢ economic deciston5 of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to delecl material mlsstalements in ￿sPect of irregularities.
induding fraud. The extent lo which our procedures are capable of delecling irregularities. including fraud is
detailed below..
Enquiry of management around a¢tU81 and polenli81 litigation and claims-.
Perfomiing audit work over the risk of management override ol controls. including testing ofjoumal
entries and other adjustments for appropriateness, evaluating the business rationale of significant
transactions outslde the normal course of business and rewewSng a￿O￿ntIng estimates lor bias..
Reviewing minutes of meetings of those charged with governan¢e- and
Reviewing firian¢ial slalemenl disclosures and testing 10 5UPPOrting documentation to assess
compliance with applicable laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not delect all Irregularities. inclsjding
those leading lo a material misstalernent in the financial stalaments or non-u)rnpliance with regulation. This risk
ncreases the more that compli?nce with a law or regulation is removed from the events and transactions
refleded in the financial statements, as ￿ will be less likely lo become aware of instances of non-compliance.
The iisk is also greater regarding iTregulaiities occurring due to fraud rather than error, as fraud involves
intentional concealment. forgery, colluston, omlssion or misrepresentation.
A further description of our responsibilities for the audlt of the tlnancial slalements is l¢)caled on the Financial
Reporting Councll's website al:
.uklauditorsres
nsibiliJos. This description forms part of our
Audilorfs Report.
Page 16

WICKSTEED CHARITABLE TRUST
IA Company Llmlted by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WICKSTEED CHARITABLE TRUST
ICONTINUEDI
Use of our report
This report is made solely to the Group's Members. as a body, in accordance wth Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has beeri undertaken so that we might slate to the
Group's Members those matters we are required to state to them in an Audilols Report and for no other
purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than
the Group and its Members. as a body. for our audit work, for this report. or for the oplnions we have formed.
Rebe¢¢o Hughos Bsc (Honsl FCCA (Senior Statutory Audltorl
for and rx) behalf of
MHA
Slalulory Auditor
Northampton, United Klngdom
Dale.. 20 November 2024
MHA are eligible lo act as auditors In terms of section 1212 of the Companies Act 2006.
HA is the trading nam8 of Maclntyre Hl￿s0￿ LLP, a limited liability partnership In England and Wvales
{registered number OC3123131.
Page 17

WICKSTEED CHARITABLE TRUST
IA Company LSmited by Guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 29 FEBRUARY 2024
Unrestricted
funds
2024
Restrf¢ted
fund$
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and grants
Charitable activities
Other trading aclivilie5
Investments
Other income
2.471
1,280
3,9TI,997
8,813
193,295
195.766
1,280
3,977,997
8,813
547,141
1.500
4.615.521
1,526
36,893
Total Incom•
3.990.561
193,295
4.183.856
5,202,581
Expendlture on:
Raising funds and other activities
Charitable acliyilies
4.040,230
636.002
4.040.230
772.464
3,125,528
1,071,431
10
136,462
Total expenditure
4.676,232
136,462
4,812,694
4,196,959
Net lexpenditurellln¢om• b8fore net
lo$ses on investments
Net losses on investments
(685.671}
(6.2051
56.833
(628.8381
(6.2051
1.005.622
{15.9111
Net movement In funds
1691,8761
56,833
1635,0431
989,711
Rèconclllatlon of funds:
Total funds brought forward
Net movement in funds
7,751,119
{691,876}
37.950
56,833
7,789,069
{635.043)
6,799,358
989.711
Total funds carrled forward
7,059,243
94.783
7,154.026
7.789,069
AJI income and expenditure derive from conllnuing aclivilies.
The Consolidated Slalement of Flnanclal Activitiès inclLYJes all galns and tosses re¢ognSsed in the year.
The notes on pages 23 to 48 form part of these financial statements.
Paga 18

WICKSTEED CHARITABLE TRUST
IA Company Limited by Guarantee)
REGISTERED NUMBER: 07394789
CONSOLIDATED BALANCE SHEET
AS AT 29 FEBRUARY 2024
29 February 29 February 28 February 28 February
2024
2024
2023
2023
Note £
Fixed assots
Tangible assets
Inlanglble assets
Investments
14
15
16
6.237,495
7,685
405,417
6.066,699
2.956
780,930
6.650,597
6.850,585
Current a$$ets
stocks
Debtors
17
18
25
48.665
335,486
887,043
44.382
296.931
1,469,392
Cash at bank and in hand
1.271.194
1.810,705
Creditors.. Amounts f811ing due w(thin one
year
19
{635,498}
1688,7541
Net current ass&ts
635.696
1.121.951
Total assets less curTent liabiliti¢$
7286,293
7,972,536
Creditors.. Amounts falling due after more
than one yoar
20
(132,26n
{183.4671
Total net a55et$
7.154,026
7,789.069
Group funds
Restricted funds
Unrestrlcled funds
94.783
7,059,243
37.950
7.751.119
22
Total funds
7.154,026
7,789,069
Page 19

WICKSTEED CHARITABLE TRUST
{A Company Limited by Guarantee)
REGISTERED NUMBER: 07394789
CONSOLIDATED BALANCE SHEET ICONTINUED)
AS AT 29 FEBRUARY 2024
The Trusloes acknO￿edge their responsitxlibes for complying with the r4uiremenls of the Companies Acl 2006
with respect to accounting records and preparation of financial ststernents.
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.
Icksteed
Chairman
Date: b*/'11 IL"
The notes on pages 23 10 48 forrn part of these financial statements.
Page 20

WICKSTEED CHARITABLE TRUST
{A CL)mpany Limited by Guarantee)
REGISTERED NUMBER: 07394789
TRUST 6ALANCE SHEET
AS AT 29 FEBRUARY 2024
29 Fèbruary 29 February 28 F¢bfuary 28 February
2024
2024
2023
2023
Not• £
Non-current assèts
Tangible assets
Inlgngible assets
Investments
Debtors.. Amounts falling due after more
than one year
14
15
4.782.505
4,834,577
2,956
780,932
16
747.419
18
350,000
135.000
5,879.924
5,753.465
Current a55•ts
Debtors due ￿thIn 1 year
Cash at bank and in hand
18
476,012
494,738
651,601
370.839
970,750
1,022,440
Cr￿1119r$.. Amounts falling due wlhin one
19
{107,8S71
(111,9841
Not current assats
862.893
910.456
Total net assets
6,742.817
6,663.921
Charity funds
Rest￿ted funds
Unrestrscled furKIs
231.245
6.511,572
37,950
6,625,971
Total funds
6,742,817
6.663.921
The Trusfs net movement in funds for the year was a surplus of £78,896 {2023- £107,338).
The Trustees acknowledge iheir responsibilibes lor comptying wth the reqU1￿MentS of Ihg Aci with respect to
accounting records arKI preparation of financial statements.
The li
latements were approved and authorised for issue by the Trustees and signed on thetr behalf by.
Ocwic
Chaiiman
Date.. 7£?I'ii 1tts-:_4
The notes on pages 23 to 48 form part of these financi81 stalements.
Pag¢21

WICKSTEED CHARITABLE TRUST
(A Company Limited by Guarantee)
CONSOLIOATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 29 FEBRUARY 2024
2024
2023
Note
Cash flow$ from operatlng activitie5
Net cash generated (used inygeneratsd from oporattng aclivitias
24
1363.5201
1.242.435
Cash flows trom lTrvestlng a¢tivStles
Proceeds from the sale of tsngible fixed assets
Purchase of intangible assets
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Investment income
10.664
110.0001
1539.6941 1998.0361
424,719
57,973
{55,4111 1531,6121
8,813
1.526
240,006
15
14
16
16
Net cash used in investing actNItI¢$
1160,9091 11,230,143)
Cash Ilows from flnanclng activities
Repayments of hire purchase agreements
157.920} 1163,2701
Net cash used in fJn8ncing a¢tlvltles
21
157.920) 1163.270)
Change In cash and ¢ash equlvalents in th• year
Cash and cash equlvalenls at the beginning of the year
1582,3491 1150,978}
1.469.392
1.620.370
Cash and cash equlvalents at the •nd of the year
25
887,043
1,469,392
The notes on pages 23 to 48 form part of these financial statements.
Page 22

WICKSTEED CHARITABLE TRUST
{A Company Llmlted by Guarant99)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
General infomiatlon
Wi¢ksleed Charitable Tru51 Ilhe 'Gioup'l is 8 ¢haritable company limited by guarantee and is registered
with the Charity Commission (Charity Regislgred Number 11421031 and Registrar of Companies
(Company Registration Number 07394789) in England and Wales.
The address of the registered office is given in the Group information on page 1 of these financial
statements. The nature of the Group's operations and princlpal activitigs are detailed in the Trustees,
Report.
In the event of the Group being wound up. the liabil¢ty in respect of the guarantee Is limited lo £10 per
member ofthe Group.
A¢¢ountlng policies
2.1 Ba$ls of preparatlon of flnan¢lal statom•nts
The financial statements hav? been prepare(l in accordance wlh the Charitles SORP IFRS 102) -
Aceounling and Rewthng by Charities.. Statement of Recommended Practice applicable to chafities
Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 10218nd the Companies Act 2006.
Wicksteed Charitable Trust meets the definition of a public benefft entity under FRS 102. Assets and
liabililies are initially recognised al historical cost or transaction value unless otherwise staled in the
felevanl accounting rx)licy.
The financial statements are presentad in Pound Sterling ￿)ch is the functional currency of the
Group and Trust and are rounded to the nearest Pound Sterling.
The Consolidatgd Statement of Financial Acliwlies (SOFA) and Consolidated Balance Sheet
consolidate the financial ststemenls of the Trust and its subsidiary undertaking. The results of the
subsidiary are consolidated on a line by line basis.
The significant accounting policies applied in the preparation of these financial slalemenls are sel out
below. These policies have been consistently applied lo all years presented unless othe￿iSe slated.
Page 23

WIICKSTEED CHARITABLE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
Accounting polSclès {continued)
2.2 Golng concern
The Trustees have assessed the going concern status of the Group and Trust.
The Trustees consider that the Group and Trust have sufficient liquid resources and access to future
resources to enable the Group and Trust lo cover its costs and pay its li8bililles for the nexi 12
months from the date of approval of these financial statements.
The year ended 29 February 2024 was a challenging year for the trading subsidiary in light of high
inllalion, increases to National Minimum W8ge and the impact of the cosl-of-living crisis on the core
customer base. with the squeeze on disposable income affecting spend on leisu￿ time activities. In
responso to these challenges, the trading subsidiary has completed 8 review of key conlracts,
suppliers. and casual staff rola arrangements lo reduce the cost base. Furthermore, the calendar of
events has been sub5tanlially enhan¢ed for 2024125 and beyond with the addition of new aclivilie5 for
Ha11oween. Christma5. nature, and wellbeing. These events will boost revenue 8t key points in the
Park's calendar to bolster income outside of the main rides and attractions season.
Consequently. the Tnjstees have concluded that there are no material uncertainties that may cast
Sl9nificanl doubt about thè Group's and Trust's ability lo continue as a going con¢Èm for the next 12
months from the dale of approval of these financial stalemenls. Accordingly, the going concern basls
has been adopted in preparing thè financkal slatemenls.
2.3 Income
l income is recognlsed once the Group has entitle￿ent to Ihg income, il is probable that the income
11 be re￿iVed and the amount of income receivable can be measured reliably.
Grants are included in the Consolidated Stslemenl of Finartcial Activities on a receivable basis. The
balance of income received for spectfic purposes but not expeaded during Ihe period is shown in the
relevant funds on the Balance Sheet. Where income is received in advance of entiiiemenl of ttr¢eipl.
its recognition is deferred and included in creditors as deferred income. Where entitlement occurs
beforg income is received, the income is accrued.
Income tax recoverable in relation to investment Income is recognlsed at the time the Investment
income is receNable.
Other income is recognised in the perfod in which rt is recelvable and to the extent Ihe wods have
b8en provided or on ¢omplelion of the service.
2.4 Expenditure
All expenditure is accounted for on an aecruals basis. Expenditure is recognised once there is a legal
or constructive obliu81ion to transfer economic benefit lo a third party, il is probable that a transfer of
economic benefits will be required in settlement and the amount of the oblig81ion can be measured
reliably. Expenditure is classified by a¢tivity. The costs of each activity are made up of the total of
direct ¢05ts and shared costs, including support costs involved In undertaking each activity. Direct
costs attributable to o single activity are allocated directly to that actlvty. Shared eosls which
contribute to more than one activity and SLFPPOrt costs which are not attribulablo lo a single aCti￿ty
are apporttoned be￿een those aclivlts.es on a basis consistent w41h the use of resources. Central staff
Costs are allocated on tho basis of time spenL and depreciauon charges allocated on the portion of
the asset's use.
Page 24

WICKSTEED CHARITABLE TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
Accounting policies Icontinuedl
2A Expgndltur8 (contlnuedl
Expenditure on raising funds includes all expenditure incurred by the Group lo raise funds for its
charitable purposes and includes Costs of all fundraising acliwties. Non-charilable trading is reported
thin other trading actiwlies.
Expenditure on charitable activities is incurred on dire¢Uy undgrtaking the activities which further the
Group's obleclives. as well as any associated support costs.
AJI expendilure is inclusive of Irrecovgrable VAT.
2.5 Int¢re$t recelvable
Interest on funds held on deposit is included when receivable and the arnount can be measured
reliably by the Group; this is normally upon nots'fication of the interest paid or payable by the institution
th whom the funds are deposited.
2.6 Taxatlon
The Trust Is ¢onsSdered lo pass the tests sel out In Paragraph 1 Schedule 6 of the Flnance Act 2010
and therefore il meets th8 definition of a charitable company for UK corporation lax purposes.
Accordingw. the Trust is potentially exempt Irom laxafjon In raspect of income or capltal gains
Teceived withln categorses covered by Chapter 3 Part 11 of the CorporalSon Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992. to the exient that such incom& oi gains are
applied exclusively lo charitable purposes.
2.7 Intangible asset5 and amortl$atlon
Intangible assets costing £1,000 or mole are capitalised and recognised when future econom
benefits are probable and the cost or value of the asset can be measured reliably.
Intangible assets are initially rgcognised al cost. After re¢ognition, under the cost model, intangible
assets are measured at cost less any accumvlated 8mortisalion and any accumulated impairment
losses.
Amortisalion Is prov4ded on Intangible assets at rates calculated lo write off the cost of each asset on
a straighl-line basls over Ils expected useful life.
The eslimatod useful lives are a5 follows..
WebsSle development
5 years
2.8 Tanglbl¢ fixed assats and depreclatlon
Tangible fixed assets costing £1,000 or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset Can be measured reliably.
Tangible fixed assets are Initially reGognlsed al cost. After recognition. under the cost model. tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairm9nt
losses. All c051s incurred to bring 8 tangible fixed asset into its intended working condition should be
included In the measuremonl of Cost.
Page 25

WICKSTEED CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
Accounting polÉclès (continued)
2.8 Tangible fixed as$el$ and depreclation {¢¢ntlnuod}
Depreciation is charged so a$ to allocate the cost of tangible fixed assets less their residual value
over their estimaled useful lives, using the straight-line method.
Depreciation is promded on the followlng bases:
Freehold buildlngs
Property improvements
Plant and machinery
Fixiures and fittings
Motor vehicles
Offiee equipment
Computer equlpment
- 25 years
20 years
10 years
10 years
5 years
5 years
5 years
Fieehold land is not de￿ciated. Assets in the course of constnjetlon are not depreaated until they
are brought into use.
2.9 Investment$
Fixgd asset investments are a form of financial instrument and are initially recognlsed al th8lr
transaction cost and Subsequently measured al fair value at the Balance Sheet date. unless the value
cannot be measured reliably in which case it Is measured at cost less Impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Nel gaIn￿[loSses) on
investments, in the Consolidated Slalement of Financial Activitses.
Investments in subsidiaries are valued at cost less provision for impairment.
2.10 Stocks
Stocks are valued al the lower of cost and nel realisable value after making due allowance for
obsolete and s10w.mo￿ng stocks.
2.11 Debtor5
Trade and other debtors are recognised at the sewemenl amount aft¢r any trade discount offared.
Prepayments are valued at th8 amounl prepaid nel of any trade discounts due.
2.12 Cash at bank and In hand
Cash al bank and in hand includes cash and short-term highly liquid investments with 8 short maturity
of three months or less from the dale of acquisttion or opening of the deposit or similar accounL
Page 26

WICKSTEED CHARITABLE TRUST
{A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEAIENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
Accountlng p¢llcle$ (¢ontlnu¢d}
2.13 Llabllitle5 and provision$
abilities are reco9nised when there is an oblig8tion at the Balan￿ Sheet date as a result of a past
event, it is probable that a transfer of economic beneflt will be required in setttemenl, and the amount
of the settloment can be estimated reliably.
Liabilities are recognised al thg amount that the Group anlicipales it will pay to settle the debt or the
amount it has received as advanced payments for the goods or servI￿S il must provide.
Provisions are measured at the best esbmale of the amounts required trj settle the obligation. Where
the effect of the time value of money is material, the provision Is based on the present value of those
amounts, discounted al the pre-tax discount rale that reflects the risks spe¢rfic lo the liability. The
unwir￿l￿g of the discount is recognised in the Consolidated Stslemenl of Financial Activities as a
nance cost.
2.14 Flnan¢lal instruments
The GroLtp only holds basic financial inslrLtmenls. The financial assets and financial liabili118s of Ihe
Group are as folk)ws'.
Debtors - trade and other debtots {including accwed income) are basic financial instruments and are
debt instruments measured at amortised cost as delalled in Note 18. Prepayments are not financial
Instruments.
Cash at bank- is classified a5 a basic financial instrument and is measured at fa￿ value.
Liabilities - trade creditors, accruals and other ¢redttor$ are classified a5 financial instruments and are
measured al amorbsed cost as detailed in Notes 19 and 20. Taxation and soci81 security are not
includ&d in the financial instruments disclosure. Deferred income is not deemed lo be a financial
liability, as in the cash settlement has already taken place arid there is simply an obligation to d$liv&r
charitable services rather than cash or another financial instrument.
2.15 Flnance lea￿$ and hlre purchase
Assets obtained under hlre purchase contracts and finance leases are capiloltsed as langlble flxed
assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their
useful lives. Assets acquired by hire purchase are deprgciated over their useful lives. Flnance leases
are those where substantially all of the benefits and risks of ownership are assumed by the Group.
Obligations under such agreements are included in creditors, net of the finance charge allocated lo
future periods. The financè element of the rental payment is charged lo the Consolidated Statement
of Financial Activities so as to produce a constant periodic rale of charye on the net obligation
outstsnding in each period.
2.16 Opgratlng leasas
Rentals paid under operating leases are charged to the Consdidaled Statement of FinanrAal
AclNities on a straight line basls over the lease term.
Page 27

WICKSTEED CHARrrABLE TRUST
{A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
Accountlng pollcies (continued)
2.17 Pen$ion$
The Group operates a defined contribution pension scheme and the pensK)n charge represen15 the
amounts payable by the Group lo the fund in respect of the ye8r.
2.18 Fund accountlng
General funds are unrestricted funds which are available for use al the discretlon of the Trustees In
furtherance of th8 general objectives of the Group and which havo not been desSgnaled for other
purposes.
Restricted funds are funds which are to be used in accordance wth specffic reslriclions imposed by
donors or which have been raised by the Group for partscular purposes. The costs of raising and
administering such funds are charged against thè specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial slalements.
Invgstmenl income. 9ains and k)sses are allocated lo the appropriate fund.
Critlcal ac¢ountlng e$tlmates and areas of Judgemant
Eslimates and judgements are continually evaluated and are based on hislorfcal experience and other
factors. including expectations of future events that are believed lo be reasonable under the
circumstances.
rilical accounting estlmates and assumptions..
The Group makes estimates and assumptions conceming the fthure. The resulting accounting estimates
and assumptions will. by definition, seldom equal the related actual ￿SUlts. The estimates and
assumptions that have a significant risk of causing a material adjuslmenl to the carrying amounts of
assets #nd liabilities ¥Mthin the next financial year are set out below.
8asls of valuation of financial Inv￿lmentS
Depreciation rates of tsngible fixed assets
Useful e￿noMIC life of assets
Income from donations and grants
Unrestricted Restrfcted
funds
fund$
2024
2024
Total
funds
2024
D¢)nations
Grants
2,471
2.471
193,295
193,295
2.471
193,295
195,766
Page 28

WICKSTEED CHARITABLE TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
Ineomo from donations #nd grants Icontinuedl
Unrestricted
funds
2023
Reslricled
ftjnds
2023
Total
funds
2023
Donations
Grants
12,536
3,660
12,536
534,605
530.945
16.196
530.945
547,141
In¢ome from charitabl• a¢tlvttlg$
Unrestrf¢t•d
funds
2024
Total
funds
2024
Total
funds
2023
Gardan. arboretum and parkland at Wicksteed Park
1.280
1,280
1.500
All income from charitsble actl￿tieS was to unrestricted funds.
Income from other tradlng activities
Unrestricted
fund$
2024
Total
funds
2024
Total
funds
2023
Rent and concessions re￿FVable
Leisure park income
30
3,977.967
37
4.615.484
3.977,967
3,977.997
3.977,997
4,615.521
All income from other trading activitses was lo unrgslricted funds.
Page 29

WICKSTEED CHARITABLE TRUST
{A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
Income from Investments
Unrestrbcted
funds
2024
Total
fund$
2024
Total
funds
2023
Bank interest recelvable
8,813
8,813
1,526
JI income from investments was to unreslricled funds.
Other In¢¢me
Total
tunds
2024
Totsl
funds
2023
Sundry
36,893
All other income was to unrestricted funds.
Expendlture on raislng fund$ and other aGtivitie$
29 February 28 Febwary
2024
2023
Tradlng activities
Direct costs
Leisure park exp8nditur8
Staff costs
Depreciation
1.975.154
1.922.099
142.420
1,318,184
1.745.636
61.073
4,039,673
3,124,893
Other fundraislng actlvltlos
Direct costs
Bank and investrnent management ch8rg8S
557
635
4,040,230
3,125,528
All expenditure on trading actlvitles and other fundralslng activities was from unrestricted funds.
Page 30

WICKSTEED CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
10. Analysls of expenditur¥ on charitable activities
Actlvlties
undertak8n
dirèctly
2024
Total
funds
2024
Total
fvnds
2023
Garden. arboretum and parkland at Wlcksleed Park
772.464
772,464
1,071.431
Analysls of dlrect costs
Total
funds
2024
Total
funds
2023
Staff costs
Depreciallon and amortisalion
Trustee expenses
Maintenance and repairs
172.736
226.232
383
131.673
269,283
216,017
328.197
L il
39,992
22.875
37.124
3,036
628
139.136
167.735
3,796
243.921
15,147} 1240,0061
17.767
13.750
47,494
6,384
Governance costs
Professional fees
Sundry expenses
Advertising and publicity
Insurance
Other park costs
Profil on disposal of tangible fixed assets
772,464
1,071.431
11. Auditorfs remuneration
2024
2023
F¢es payablo to the Group's auditor for the audlt of the Group's annual
accounts
32.000
24.250
Fees payable to the Group's auditor in respect of..
All non-audil services not included above
6,332
2,520
Page 31

WICKSTEED CHARITABLE TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
12. Staff costs
Group
Group TTU$t
2023
Trust
2023
2024
2024
Wages and salaries
Soclal securlty c(Ists
ContribiJtiDn lo defined contribution pension
schemes
1.921,413
145,622
1.854.877
135,878
57,959
66,802
27,81Y)
24,164
2.094.835
2.014,919
57,959
66,802
The average number of persons employed by the Trust dvring the year was as follows..
Group
Group Trust
2023
No.
Tfusl
2023
2024
No.
2024
No.
Management
Administration
15
15
Other
117
121
141
142
The nijmber of employees wFK)5e employee benefits (excluding employer pension costsl exceeded
£60,000 was:
Group
Group
2023
No.
2024
No.
In the b8nd £60,001- £70.000
In the band £70,001- £80,000
In the band £100.001- £110.000
The lolal amount of employee benefits Uncluding employerfs social secLtrity and pension conlribLStionsl
received by Key Management Personnel TS £114,777 (2023 £202,776). The Group considers ils Key
Management Personnel comprise Senior Management.
13. Trustees. remuneratlon ond expenses
During the ￿ar. no TruSt￿S received any remuneration or olher benefils12023- £NIL}.
During the year ended 29 February 2024, expenses lotalling £383 were reimbursed lo Truslees12023 -
£8891 for the reimbursement of travel and accommodation.
Page 32

n¥>
V•P4
(o*
Nn¢*4
004)
¥JiJ

{#
IV

WICKSTEED CHARITABLE TRUST
IA Company Llmited by Guar?ntg91
NOTES TO THE FINANCIAL STATEMENTS
FOR THE Y&4R ENDED 29 FEBRUARY 2024
14. Tanglble fixed assets {eontinuedl
The Trust's freehold land and buildings contain land with a nel book value of £531.68712023 - £531,687>
which is not su4.ecl to depreciation chaiges.
The signtficant part of the TNst's freehold properties Comwise the parkland, layout and properties which
are used for direct charitable pijrposes.
In the opinion of the Trustees, the market value of the Group's and Trust's freehold18nd and buildings Is
hlghey than ils net bcx)k value at 29 Febwary 2024. The Trustees do not consider il practicable or
necessary lo quantify the differenee.
The net bgok value of owned and hire purchase agreements Included as 'Tangible fixed assets. in the
Group Balance Sheet is as follows:
29 February 28 February
2024
2023
Tangible fixed assets owned
Assets under hire purchase agreements
5.890,173
347.322
5,621.712
444.987
6,237.495 6.066,699
Infoimalion about assets held under hire purchase agraements is svmmarised b810w'.
Net book value
29 February 28 Febtijary
2024
2023
Plant and equlpment
318.628
444.987
Depreciation charge for the year
29 February 28 February
2024
2023
Plant and equipment
28,694
15.623
Page 35

WICKSTEED CHARtTABLE TRUST
(A Company Liiiiited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
14. Tangible fixed assets {continuedl
Addltlons
29 February 28 February
2024
2023
Additions lo assets held under hire PLtrchase agreements
308,000
15. Intanglbl• assets
Group
Website
development
Cost
Al 1 Mar¢h 2023
Additions
Disp05als
4.860
10,000
14,8601
At 29 February 2024
10.000
Amorti$ation
At 1 March 2023
Charge for the year
Eliminated on disposal
1,904
2,818
{2,407)
At 29 February 2024
2,315
Net book value
Al 29 February 2024
7.685
At 28 February 2023
2.956
Page 36

WICKSTEED CHARITABLE TRUST
{A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
IS. Intangiblo assèts Icontinuedl
Trust
W¢b51te
development
At 1 March 2023
Disposals
4.860
14,860)
Al 29 February 2024
At 1 March 2023
Charge for the year
Eliminated on disposal
1.904
503
12,4071
At 29 February 2024
Net book value
Al 29 February 2024
At 28 Febwary 2023
2,956
16.
Fixed asset Investments
Llsted
Investments
Group
Cost or valuatlon
At 1 March 2023
Additions
Disposals at carrylng value
Revaluations
780.930
55.411
(424.719)
16,205)
At 29 February 2024
405,417
Page 37

WICKSTEED CHARITABLE TRUST
{A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
16.
Flxed asset Investments (continued)
Investment In
subsldlary
companlgs
Llstsd
Investment$ Totsl
Trust
Cost or valuation
At 1 Marth 2023
Additions at cost
Disposals al Carrwng value
Revalu8Uons
780,930
780.932
55,411
397.411
1424,7191 {424,719}
{6.2051
16,2051
342,000
Al 29 February 2024
342.002
405,417
747,419
The Group's and Trust's listed investrntrnls were valued by the Trustees by reference lo market prices.
Thg Trustees consider that any listed investment representing 5% or more of the total market value of the
investsnenl portfolio to be material in the context of the investment portfolio. Al 29 February 2024, no
individual inveslmenl's ma¥kel value was greater than or equal to 5¥0 of the total listed investment
portfolio market value.
During the year the Trustees passed a resolution lo extinguish the three Inter-company loans with
Wicksleed Trading Limited, lolalling £342.000 Iwhich includes debts due within and after one year), in
exchange for share capital in the Company of the same amount.
Page 38

WICKSTEED CHARITABLE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
16. Flxed asset Inve5tmtrnts {conllnuedl
Principal sub$ldlarl&s
The fotlowing were subsidiary undertakings of the Trust..
Names
Company R9g1st￿ed
number officè ar
prin¢ipal place
of buslnèss
Prin¢ipal actlvity
Holding Inelud8d In
¢onsolldatlon
Wicksteed Trading
Limited
12653391 Wld(ste¢d Park. Operallon of a Leisure
Barton Road.
Park situated within
Kettering,
Wicksleed Park
England, NN15
6NJ
Paradise Lane Llmiled 07626655 Grand Pavilion
Wicksteed Park,
Barton Road,
Kettering,
England, NN15
6NJ
13705024 Wicksleed Park, No activity
Barton Road,
Kettering,
Northamptonshire
United Kingdom.
NN15 6NJ
Yes
No activity
100'/9
No IDormanl}
Wicksleed Village
Limited
100%
No {Dormant)
The finonaal iesulls of the subsidiaiips for the year were:
Name5
Income
Expenditure
Loss for the year
Net ass•t$
Wicksteed Trading Limited
3.977,967 14,692,208)
1714,2411
738,141
The transfeT under Gfft Ad of the tiading profrts of Wicksteed Tfadlng Limited as a dlslribullon to the
Charity was £412,86712023- £Nil). The paiTnent of Grft Ald is included In the loss for the year.
Page 39

WICKSTEED CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
17. Stock$
Group
Group
29 February 28 February
2024
2023
Gwds for resale
48.665
44,382
The Trust held no stock al the Balance Sheet date {2023- £NILI.
18.
Debtors
Group
Group Trust
Trust
29 February 28 February 29 February 28 February
2024
2023
2024
2023
Due after more thAn onè year
Amounts owed by group undertakings
350,000
135,000
Due within one year
Trade debtors
Amounts owed by group undertaklngs
Other debtors
PrepayTnenls and accrued income
109,222
123.696
834
412,867
42,674
19.637
25,949
606,180
7.207
12.265
47.182
179,082
34,979
138,256
335.486
296.931
826,012
786,601
Page 40

WICKSTEED CHARITABLE TRUST
IA Company Limited by Guarant991
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
19. Creditors: Arnount$ fallSng due within one year
Group
Group Trust
Trust
29 February 28 February 29 February 28 Fgbruary
2024
2023
2024
2023
Trade credltors
Amounts owed to group undertakSngs
Other tsxation and social security
Obligali¢)ns under hire purchase agreements
other creditors
Accnjals and defer￿d Income
228.018
108,868
5,631
62,9S2
7.294
105.817
51.200
15.912
234,551
76,716
57,920
16,242
429,008
14,993
39,274
89,697
635,498
688,754
107,857
111.984
Group
Group Trust
Trust
29 February 28 February 29 Fgbruary 28 February
2024
2023
2024
2023
Deferred In¢omo
Delerred income al l MOf¢h
Resour￿ deferred during the year
Amounts released from provlous periods
280.751
148,976
188,560
280,751
(280,7511 1148,9761
14,120
21.274
114.1201
Deferred Income at 29 February
188,560
280,751
21.274
During the year. the Group held deferred income of £188.560 12023 £280,751). This comprises of
£20,06912023 £Nill for the @Play project, £1.20512023 - £Nill for National Heritsge income, £Nil12023
£62.7201 in Wi¢ksteed Charitable Trusl relating to Lottery funding and £Nil 12023 - £5,000) relating to
Kettering Borough Council funding. The remainder relates to Wicksteed Trading Lirnited which holds
£54.320 {2023 £55,265) in relation to lodge sile fees received in advarKe, £35,799 12023 - £14,741)
relating to events, £Nil 12023 £2.7601 for ￿mpIng, £11.351 12023 £6,265} for Play Factory parties,
£62.000 12023 £62,000) relating lo RINO grants. £Nil 12023 - £35,000) relating to wedding events,
£3,666 12023 £Nil) relating to tfjckels and wristbands, £150 12023 £Nil} relating lo parkin9 and £Nil
12023 - £37,000} in relation to customer deposits for future events.
Page41

VIICKSTEED CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
20. Credltors." Amounts falling dug after rnore than one ye•r
Group
Group
29 February 28 February
2024
2023
Obligations under hlre purchase agreements
132.267
183,467
The Trust has no long teTm creditoT$12023- £NILI-
21. Hlro pur¢hasg agr90ments
Hire purchase agre&ments are due as follows:
29 February 28 February
2024
2023
No later than on8 year
8etweeen one year and five years
51.200
132.267
57.920
183,467
183,467
241,387
The following amounts In respe¢l of hire purchase agregments. where the GroupNrust is alossee, have
been fecognised in the Consolidated Ststemenl of Flnancial AdiV￿eS-.
29 February 28 February
2024
2023
Hire purchase lease payable
18264
15,888
The obligations under hire purchase agreements and finance leases contracts are secured tjnder nomal
commercial terms over the assets to which they relate.
Page 42

WICKSTEED CHARrrABLE TRUST
(A Company Llmlted by Guaranteal
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
22. Statement of funds
statement of funds- current year
Balance at
29 Febrnary
2024
Balance at 1
March 2023 Incomo
Gainsl
Expenditure (Losses}
Unrestrlcted funds
Accumulated Trust Fund
Revaluation ReseNe
7.655.388
95.731
4,003,061
14,688,732)
6.969,717
89.526
16,2051
7,751,119
4.003,061
14,688,732}
16,2051 7.059.243
Rostrictèd funds
Heritage Fund
@Play Fund
Slade Brook Realignment
NNC Finance
Stewardship
18,616
17.459
1.875
18,616
59,975
2,825
10,300
3.067
137,275
26,083
10,300
19,637
(94.7591
(25.1331
116.5701
37.950
193,295
1136.4621
94.783
Total of funds
7,789,069
4,196.356 14,825,194)
16,2051 7,154,026
Page 43

WICKSTEED CHARITABLE TRUST
{A Company Limited by Guarantgel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
22. Statement of funds (contlnued
Restrlctod funds
The Heritage Fund represents donations, including Grft Aid. received by the Trust to promote the heritage
of the Trust and Wicksleed Park.
The @Play Fund represents funds received for the @Play projecL The @Play project aims to facilitate
and enhance simple family play in line with the wishes of tha Pa¥k's found&r, Chades Wicksteed. This is
8chleved through an Actimly Plan that provides an exciting range of activitses celebratin9 children's play.
The proje¢l also provides for the installation of a heritsge play area within the free playground. and the
renovation of the top loor of the pavilion and fountsin lawn, as the CentrepIe￿ of the original heart of
Wicksleed Paik.
The Slade Brook Realignment Fund represents funding from the Envir¢)nment Agency and the Nene
Rivers Trust to lower the floodplain and realign the Slade Brook thereby improving capacity for winter
water storag8, biodiversity and public access.
Unrestricted funds
The Accumulated Trust Fund represonls the general funds of the Group that are not designated for
particular purposes.
The Revaluation ReseNe Fund is requlred by the Companies Act 2006 and reprgsonts Ihe amouni by
which unrestricted investments exceed Ihelr hlslorical cost.
Page 44

WICKSTEED CHARITABLE TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
22. Statement of funds (¢ontSnuedl
Statement of funds- prior year
Balance at
1 March
2022
Balance at
Gainsl 28 February
(Losses)
2023
Income Expenditure
Unr8slrl¢ted funds
Accumulated Tnjst Fund
Revaluation Reservo
6.664,649
111.642
4,671,636 {3.680.8971
7.655.388
95.731
(15,9111
6,776.291
4,671,636 {3,680,8971
115,911) 7,751.119
Rwstrlctèd funds
Heritsge Fund
@Play Fund
Slade BTook Realignment
NNC Finance
13,947
9.120
5,979
95,093
91.873
338,000
11,3101
(86.7541
189,9981
1338,0001
18,616
17.459
1.875
23,067
530.945
1516.0621
37,950
Total of funds
6,799,358
5.202,581
14,196.959}
{15.911 I 7.789,069
Page 45

CKSTEED CHARITABLE TRUST
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
23. Anatysls of net asset$ between funds
Analysis of net assets between funds - cuTrent p&rlod
Unre$trlcted Restricted
Total
tund$
funds
funds
29 February 29 Fèbruary 29 February
2024
2024
2024
Tangible fixed assets
Intsngible fixed as5815
Fixed asset investments
Current assets
Credik)rs due ￿￿thIn one year
Creditofs dug in mor¢ than one year
6,237,495
7,685
405,417
1.176,411
<635.4981
(132.2671
6.237,495
7,685
405.417
1,271.194
{635.4981
1132.2671
94,783
Total
7,059,243
94.783
7,154.026
Analysls of net assets betwoon funds - prlor period
Unrestricted
Restrictèd
Total
funds
fvnds
funds
28 February 28 February 28 February
2023
2023
2023
Tangible fixed assets
Intangible fixed assgts
Fixed asset investrnents
Current assets
Creditors due wlhin one year
Creditors due in more than one year
6.066.699
2.956
780,930
1,772,755
1688,7541
1183,4671
6.066,699
2,956
780,930
1,810,705
1688.7541
1183.4671
37.950
Total
7,751,119
37,950
7,789,069
Page 46

WICKSTEED CHARITABLE TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
24.
Recon¢lliation of net movemant In funds to net cash flow from operating a¢tlvltle$
Group
Group
29 February 28 February
2024
2023
Nel incomelexpenditUTe for the period 18s per Statement of
Financtal Activitsesl
{635.04'.
989,711
AdJustm•nts for:
Depreciation charges
Amortisalion charges
Net loss on investments
365.834
276,117
2,818
972
6,205
15,911
18,8131
11.5261
15,1471 1240.0061
{4.2831
(11.3591
(38,5551
23,933
146.536}
188,682
Investment income
Profil on dispos81 of tangible fixed assets
Inerease in stocks
Ilncreaselldecrease In debtors
{Decreasellincrease In creditors
Net cash generated lused In}Igenerat¢d from operatlng
actlvltles
1363,5201 1.242,435
25. Anal￿1$ of cash and cash equivatent5
Group
Group
29 February 28 February
2024
2023
Cash al bank
887.043
1,469.392
Analysis of changes In net debt
At29
February
2024
At 1 March
2023 Cash flows
Cash 8t bank and in hand
Hire purchase
1.469.392
(241.3871
(5813491
57,920
887,043
{183,467)
1,228,005
1524,4291
703,576
Page 47

WICKSTEED CHARrrABLE TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
27. Contlngent IlabllltSes
Al the year end the Company has a liability in relation lo a hire purchase agretsment of £183.467. In
addition. the Company Is liable to pay £180,000 on default of any contractual payments in respect of this.
This amount is secured over an existing assel. The Trustees conslder the economic oufflow lo be possible
bul not probable.
28. Capltal commitments
Group
Group Trust
Trust
29 F8bruary 28 February 29 February 28 February
2024
2023
2024
2023
Contracted for but not provlded In thos8
finan¢lal statements
Acquisition of tangible fixed assets
Acq*Jisition of intsngibfe fixed assets
53.305
14,000
29. Related party tran$actlon$
Until 15 June 2020 when the company was placed into administialion. Wicksteed Park Limited occupied
land and buildings owned by Wlcksteed Charitable Trust. These assets We￿ used by the company lo
carry out ils principal actwily. The Trust invoiced Wicksleed Park Limited £NIL12023 - £NILI in respect of
expenses incurred by the Trust on behalf of Wickst¢ed Park LimileLI.
In 2021 the Trust paid £130,(K)O on behalf of Wicksteety Trading Limited for the acquisition of the
business and assets of Wicksteed Park Limited. Al 29 February 2024. Wicksteed Trading Limked owed
£NIL (2023 - £130,000) to the Trust in respect of this loan. Inlerost of £1,683 {2023 - £8,892) was
charged durfng the y88r.
Wlcksleed Trading Limited OC¢Lfpies land and buildings owned by Wicksteed Charitsble Trust lo cary out
its principal activity. The Trust invoiced Wicksleed Trading Limited £NIL 12023 £NILI In respect of
expenses incurred by the Trust on behaK of Wicksteed Tradlng Umiled.
30. Ultlmate controlllng party
The chariLible company is ultimately controlled by the Board of Trustees.
Page 48