Charity Registration No. 1160965 (England and Wales) Company Registration No. CE003745 {England and Wales CLARE CASTLE COUNTRY PARK TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CLARE CASTLE COUNTRY PARK
CLARE CASTLE COUNTRY PARK TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees Gary Brown Neil Bagshaw Jack Dalziel Mrs M Mer¢h-Chammon Mis S Drury Mrs S Eyre MrA Brader K Price (Appointed 1 May 2024) Charity number 1160965 Principal address Station Building Malting Lane Clare Sudbury C010 8NW Independent examiner Ensors A[oUntantS LLP Saxon House Moseley's Farrn Business Cèntre Fornham All Saints Bury St Edmunds IP28 6JY
CLARE CASTLE COUNTRY PARK TRUST CONTENTS Page Trustees, report Independent examinefs report stalement of financial activities Balan sheet Statement of cash flows Notes to the financial statements 9.18
CLARE CASTLE COUNTRY PARK TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARGH 2024 The Trustee5 present their annual report and financial statements for the year ended 31 March 2024. The financial slatetnents have been prepared in accordance with the accnunting policies set out in note 1 to Ihe financial statements and comply with Ihe Trust's governing document, the Charities Act 2011 and 'Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019) Objectlves and activities The Trust's objects are.. 1) To preseNe. protect, maintain and improve the physical and natural environment of Clare Castle Country Park for the public benefit, interest and enjoyment, including by providing facilities in the inteiesls of social welfare foi recreation and leisure time occupation, with the objective of impro1ng their ondilions of life,. and 2) To advance the education of the public conmIng the history and heritage of Clare Castle Country Park and its physical and natural atlributes and heritage There has been no change in these during the year. The Trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the Trust should undertake. To further the Objectives, Ihe Trust has continued to maintain the Park and its buildings and taken steps to make irnprovements within the resources available without changing the basic peaceful nature of a country park. In addition to improving the general ecology of the Park, the Delivery Phase of the National Lottery Heritage Fund project started in May 2019 and completed in May 2023. Achiovements and perfomiance FinanGial VIeW Grants and the related expenditure (whether tre*ed as 'Restricted' or Unre5tricled' Funds} are VEwed separately from the operating results The Trustees believe the operating results best reflects the day-t(>day results of managing the Park. Accounting Gonventions requires the treatment of capilal expendilure to be dealt wilh in the way shown in these accounts. However, to a Gasual reader ofthe accounts this could give a misleading view of the ongoing financial performance of the Trust. This arises from the fact that capital expenditure, covered 1 OOOA by grants. is Irealed as a fixed asset with onty the depreciation on that expenditure being induded as a cost but the full amount of the grant being included in the Income and Expenditure account. The result is that in the year the grant is received and the expenditure is incurred a substantial excess of income over expenditure is shown while in the following years there can be a sizeable depreciation charge but no grant income. This has no cash implications bul can be confusing to the average non financial reader of the accounts.
CLARE CASTLE COUNTRY PARK TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 2023124 2022123 Operating surplus of the general fund 34.378 9,222 Add- Grants 3,876 13,098 34,378 Project costs Cost capitalised 13,978) {3,978 (49,876) 153,854 Depreciation Totsl costs (50,2S71 {50,2671 {50,267) 153,854) Net movement in fund$ 115,889) 140.756) It is the policy of the Trust Ihat unrestricted funds which have not been designated for a Specif use should be maintained at a level equivalent to twelve month's expenditure. The Trustees consider that reseNes at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Twst's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Grants Unrestricted grants reiVed in the year totalled £6.319 (2022: £nil). £5,926 (2022.. £nil) was spent in the year. Restricted grants received in the year totalled £nil12023'. £3,876) with expenditure of £nil (2023.. £53,854}. The Iwo major projects funded by grants from the National Lottery Heritsge Fund and LEADER (for the Education Training & Volunteer Centre) require expenditure to be incurred before the grants are paid. Operating Expgnditure The work undertaken by West Suffolk Council (grass culling, litter removal, weekly playground Health & Safety inspedions, tree inspèctions by a qualified arboriculturalist. and general and specific advice on all matters relaling to the proper management of a country park) is covered by a Service Level Agreement (SLA). The 'Green Spac£. maintenance Costs (which covers all those things that are noi part of the SLA, such as the castle maintenance, and work relating to trees, water features, hard surfaces. fences and gates and general park management). Support The Trustees are gralefijl foi the considerable amount of b-me put in by the volunteers. Without this support it would be impossible to maintain the Park. and make the improvements to the facilities that have been achieved in the five years 5in¢e the Park was transferred lo Clare. We would also thank Dedham Vale AONB and Stour Valley Project (including Simon Anstutz and Ernma Black} and the Environment Agency (including Will Akast) who have given us invaluable advice. Assots The freeholds of the land and builéings are held by Clare Town Council and con$¥uentty are not included in the accounts ofthe Trust. The fixed asset total is represented by the 'Fixed Asset, Fund within reslricted reserves, lo ring fence the total costs and subsequent depreciation in to a separate fvnd instead of amalgamating this within other projects.
CLARE CASTLE COUNTRY PARK TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees continue to review the level of Gash reserves and will maintsin fvnds as they see fit to meet the day to day objectives of the charity- The major risks to which the Charity is exposed, as identrfied by the Trustees, have been reviewed and systerns have been established to miligale those risks. They are reviewed every six months. Since the Trust was formed in 2015 a 'General Resetve, of c£140,000 has been built up. This was possible due to the considerable amount of time pul in by a few volunteers. The Trustees did not believe that was sustainable in the mediumilong term and so took steps to recruit paid staff to carry out some of those very lime- consuming 'management' and 'administrative' roles. This means that the surpluses of £20-30.OOO+pa generated in the early years will no longer be possible. However. while it may sometimes be a struggle to make a small surplus the existing 'General Reserves,, the substantial number of volunteers. plu8 the paid staff means the Trustees have no reservations about the 'going concern, status of the Trust. The going concern assumption used within the f1nancial statements is considered appropriate given the reseNeS of the charity, which will support its activities in the foreseeable future. This is discussed further within the accounting policies. The Trustee5 will ensure that the charty will continue to meet its charitable objectives for the foreseeable future, ensuring that the beneficiaries will continue to benefit from its activit18S. The completion of the National Lottery Heritage Fund project will mean that the major improvements to the park as set out in the grant application will be completed. This project has involved a huge amount of volLFnteer time in addition to the running of the Park on a day-to-day basis. On completion of the project it is the Trustees intention to continue to maintain the Park to meet the sometimes conflicting ecological and visitor demands in the most appropriate way and lo the highest standard achievable. There are always likely to be improvements that will require capital expenditure but these will only be implemented rf grants are obtained or operating surpluses have generated sufficient funds Structure. govemance and management The charity is administered by the Trustees. The accounts are prepared in accordance with applicable accounting standards and comply with the Charities RegulationslAct. 1) The accounts are prepared on an accrual basis. 2> Staff Sts. During the year Iheie were Ihree part-tirne employees.. a park manager, an administrator and. a deaner. Everyone else gave their ts-me freely and often do not claim expenses. 3) The Reserves Policy was approved by the Twstees on 30th March 2016 with the aim of having reserves that roughly equates to the normal expenditure in one year. 4) Two TtUStees or one trustee and the administrator are required to approve any withdrawals from any bank or savings accounts held by the Trust.
CLARE CASTLE COUNTRY PARK TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Constitution of the Trust sets out how eight Trustees are appointed. Appointments are for four years. Two are appointed by the Town Council, two by 'Supporters', two by continuing Trustees with the approval ofthe Town Council and two by continuing Trustees without the need for approval by the Town Council, The Trustees who served during the year and up to the date of signature of the financial slat8ments were.. Gary Brown Emma Haslings Mary Tweèd Neil Bagshaw Jack Dalziel Mrs M Merch-chammon Mrs S Drury Mrs S Eyre MrA Brader K Price (Resigned 1 May 2024) (Resigned 1 May 2024) (Appointed 1 May 2024) When a vacancy occurs the Trustees identify the particular skills and experience they believe are needed and then advertise and interview potential Gandidales before the appropriate group makes the final choi(E. There Is an induction process that covers a wide range of matters a new Trustee needs to know which includes th8 identification and implementation of any specific training needs. statement of Trustees. rnsponsibilltles 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 Practi). The law applicable to charities in England and Wales requires the Trustees to prepare financial staternents for each finan¢ial year which give a true and fair view of the state ol affairs of the Trust and of the incoming resoLJrces and application of resources of the Trusl for that year. In preparing these financial ststements, the Trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP., make judgements and eslimates that are asOnable and prudent., slate whether applicable accounting slandards have been lollowed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going COnM basis unless it is inappropriate to pre8um8 that the arity will continue in operation. The Trustees are responsible for keeping sufficient accounting records that disclose wilh reasonable accuracy at any time the financial position of the Trugl and enable them lo ensure that the financial statements Comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of Ihe trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Twstees, report was approved by the Board of Trustees on . 61111 ly.. Jack Dalziel Trustee Mrs S Eyre Trustee
CLARE CASTLE COUNTRY PARK TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLARE CASTLE COUNTRY PARK TRUST I report lo the Trustees on my examination of the financial ststernents of Clare Castle Country Part( Trust (the Trust) for the year ended 31 March 2024. Responsibilities and basis of report As the Trustees of the Trust you are responsible for the preparation of th& financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Trust's financial statements carried out under section 145 of the 2011 Acl. In carrying out my examination I have followed all the applicable Directions given by Ihe Charty Commission under section 145{51(b) of the 2011 Act. Independent examinerfs ststoment Your attention is drawn lo the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Charities: Statemènt of Recommended Practi issued on 1 April 2005 which is referred lo in the extant regulations but has now been withdrawn, l undetstand that Ihis has been done in order for financial statements to provide a true and fair view in accordance with GenerallyAccepted Accounting Praclice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. l Confirm thal no material matters have come to my attention in connection wilh the examination giving me cause to believe that in any material respecl.. accounting records were not kept in respect of the Trust as required by section 130 of the 2011 Act,. or the financial statements do not accord with those records- or the financial statements do not comply with the applicable requirements conceming the form and contenl of arKounts set out in the Chaiities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems 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 staletnents to be reached. Christopher Barrett IFCCA} Saxon House Moseley's Farm Business Centre Fornham All Saints Bury St Edmunds IP28 6JY
CLARE CASTLE COUNTRY PARK TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrfcted Restricted funds funds 2024 2024 Totsl Unrestsfcted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable aGlivilies other trading aclivities 24,403 109,889 30,944 24,403 109,889 30.944 12,12g 82,974 29,574 3.876 16.005 82,974 29.574 Totsl income 165,236 165,236 124,677 3,876 128,553 Expendtture on: Charitable activities 130,858 50,267 181.125 115,455 53,854 169.309 Total expenditure 130,858 50,267 181,125 115,455 53,854 169,309 Net incomel(expendfture) 34,378 150,267) {15.889) 9,222 (49,978) (40.756) Transfers between funds 11 (3,905) 3,)5 (101) 101 Not movement in funds 30,473 (46,362) (15,889} 9,121 (49,877) (40,756) Reconclliation of funds: Fund balances at 1 April 2023 180,622 871.193 1.051,815 171,501 921,070 1,092,571 Fund balances at 31 March 2024 211,095 824.831 1.035,926 180,622 871.193 1,051,815 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
CLARE CASTLE COUNTRY PARK TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixod assets Tangible assets 12 823,744 870,105 Current assets Stocks Debtors Cash at bank and in hand 13 14 2,698 38.655 212,550 1,832 30.281 194.248 253,903 226.361 Creditors: amounts falling due within one year 15 (41,721) (44,6511 Net current assets 212,182 181.710 Total assets less current liabilities 1,035,926 1,051.815 The funds of the Trust Restricted income funds Unrestricted funds 16 17 824,831 211,095 871,193 180,622 1,035,926 1,051,815 The financial ststeTnents were approved by the Trustees on ... Jack Dalziel Trustee Mrs S Eyre Trustee
CLARE CASTLE COUNTRY PARK TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating actlvities Cash generated from operations 21 22.208 48,919 Investing activities Purchase of tangible fixed assets 13,906} Net cash used in investing activities (3,9061 Net cash used in financing actfvities Net increase in ¢ash and cash equivalents 18,302 48,919 Cash and cash equivalents at beginning of year 194,248 145,329 Cash and cash equivalents at end of year 212,550 194,248
CLARE CASTLE COUNTRY PARK TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Clare Castle Country Park Trust is a Charitable Incorporaled Organisation. The registered office is Station Building, Malting Lane. Clare, Sudbury, C010 8NW 1.1 Accountlng convention The financial staternents have been prepared in aG¢ordance with Ihe Trust's goveming document, the Charities Act 2011 and "Accounting and Reporting by Gharities- Statement of Recornmended Practi applicable to charities preparing their accounts in accoidance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 20191" The Trusl is a Public Benefit Entity as defined by FRS 102. The finanaal statements have departed from the Charities (Accounts and Reports) Regulation5 2008 only to the extent required to provide a true and fair view. This departure has involved following Ihe Statement of Recommended Prartice for charities applying FRS 102 rather than th8 version of the Statement of Recommended Practice which is referred lo in the Regulations but which has Sin been withdrawn. The financial statements are prepared in sterling, which is the fvnclional CLJrrency of the Trust. Monetary amounts in these financial statements are rounded to Ihe nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time Of approving the financial statements. the Trustees have a reasonable expectation that the Trust has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees continue lo adopt the going concern basis of aG¢ounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of theii charitable objectives. Restricted funds are subject to spe¢ifi¢ conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial statements. 1.4 Income Income is iecognised when the Trust is legally entilled to it after any perfomiants Conditions have been met. th8 amounts can be measured reliably, and it is probable that incorne will be received. Cash donations are recognised on ceIpt. Other donations are recognised once the Trust has been notified of the donation, unless p8rforrnance conditions require deferral of the amount. Income tax recoverable in relation to donations receivgd under G1ft Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on reIpt or otherwise if the Trust has been notified of an impending distribution. the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset,
CLARE CASTLE COUNTRY PARK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policios (Continued) 1.5 Expenditure Expenditure is recognised on an accruals basis once there is a legal or constructive obligation to make a payment to a third party, it is probable that sett18ment will be required and the amount of the obligation be measured r81iably. Raising funds MpriSe costs associated with attracting with fundraising costs, sud) as the costs of fundraising trading and associated costs. Expenditure on charitable activities comprises of costs incutred by the Charity in the delivery Df its activities for its beneficiaries. 1.6 Tangible flxed assets Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, net of depreciation and any Impairment losses. Depreciation is recognised so as to write off the cost or valuation of asse15 less their residual values over their useful lives on the following bases- Property improvement5 Play equipment Fixtures and ffttings Over lease term 10 Year straight line 10 Year straight line The gain or loss arising on Ihe disposa5 of an asset is determined as the difference behmeen the sale proceeds and the carrying value af the asset, and is recognised in the ststement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the Trust reviews the carrying amounts of its lan9ible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impaimient loss (rf any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less ¢osts to complete and sell. Cost comprises direct materials and, where applicable. direct laboLJr costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in mad(eting, selling and distribution. 1.9 Cash and cash oquivalents Cash and cash équivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in ¢urrent liabilities. 10-
CLARE CASTLE COUNTRY PARK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcies {Contsnued} 1.10 Financial instruments The Trust has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are re¢ognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial slalements, when there is a legally enforable right to set off the re¢ognised amounts and there is an inlention to settle on a net basis or to realise Ihe asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective Inte$1 method unless the arrangement Gonstitutes a financing transaction, where the transaction is measured at the present value of the fuluie receipts discounted at a market rate of interest. Financial assets classified as reGeivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the atTangement constitutes a financing transaction, where the debt instrurnent is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at Iransaclion price and subsequently measured al arnortised using the effective inlerest method. Derecognition of financial liabilities Financial liabilities are derecognised wtten the Trust's contractual obligations expire or are discharged or cancelled. 1.11 Employee benofits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are reived. Termination benefits are reGognised immediately as an expense when the Trust is demonstrably corntnitted lo terminate the employment ofan employee or to provide termination benefits. Critical accountlng estimatss and judgements In the application of the Trust's accounting policies, the Trustees arg required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and Associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affeds only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
CLARE CASTLE COUNTRY PARK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants Membership fees 7,889 6,319 10,195 7,889 6,319 10,195 3,812 3.812 3,876 8,317 3,876 8,317 24,403 24,403 12,129 3,876 16.005 Income from ¢harltable activities Unrestricted funds 2024 Unrestricted funds 2023 Ancillary trading income Other income 96,758 13,131 75,313 7,661 109,889 82,974 Income from other trading activiti88 Unrestricted UnrestriGted funds funds 2024 2023 Fundraising events Lelling and licensing arrangements Sponsorships and social lotteri8S 593 27,145 3,206 1,402 25.831 2.341 Other trading activities 30,944 29,574 12
CLARE CASTLE COUNTRY PARK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities Total 2024 Depreciation and impairment Green spa Service Level Agreement Green space maintenance Building maintenance - Buildings Building maintenance - Toilets Car Park Service Level Agreement Expendilure on projects NLHF Overheads 50,267 16,186 16,913 4,936 15,880 6,047 2,754 68,142 181,125 181.125 Analysis by fund Unrestricted funds Restricted funds 130.858 50,267 181,125 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(creditingl'. DepreGialion of owned tsngible fixed assets 50,267 49,876 Trustees Nolle af the Trustees (or any persons connected with them) received any remuneratian or benefits frcffl the Trust during the year. Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number There were no employees whose annual remuneration was more than £60,000, 13-
CLARE CASTLE COUNTRY PARK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to tts ¢harilable objects. 11 Transfers A Iransfer of £3,905 {2023'. £Nil) wa5 made trom Unrestticled Funds to the Fixed Asset Restricted Fund. £Nil {2023: £5,378) was transferred to Unrestricted funds from designated funds. This included trSferS of £nil, (2023- £5,000) to the Vvater Fund. There were also transfers of £nil {2023. £600), from the National Lottery Heritage Fund, and Other £Nil {2023'. £378) designated fvnds lo unrestricted funds. These amounts relatéd to funds over and above the reserves policy, which have been allocated to be used in other projecis in the park. Other transfers have been detailed within the Designeled fund note 17 and ReStrted funds note 16, detailing the movement of reserves during the year. 12 Tangible fixed assets Proporty improYem•nts pray Fixtures and uipment littings Total Cost At 1 April 2023 Additions 935,258 35,783 3,904 106,684 1,077,725 3,904 At 31 March 2024 935.258 39.687 106.684 1,081.629 Depreciatlon and Impaimient At 1 Apiil 2023 Depreciation tharged in the year 151,404 35,630 14.313 3,578 41,901 11,059 207,618 50,267 At 31 March 2024 187,034 17.891 52.960 257,885 Carrying amount At 31 March 2024 748,224 21,796 53,724 823,744 At 31 March 2023 783,853 21,470 64,782 870.105 13 Stocks 2024 2023 Finished goods and goods for resale 2,698 1,832 14
CLARE CASTLE COUNTRY PARK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Debtors 2024 2023 Amounts falllng due within one year: Trade debtors Other debtors Prepaymenls and accrued income 22,401 4.313 11,941 18,797 1,116 10.368 38,655 30,281 15 Creditors: amounts falllng due within one year 2024 2023 Other taxalion and social security Trade creditors other creditors Accruals and deferred income 142 12,289 5,156 27,064 7,839 3,625 30,257 41,721 44,651 16 Rostricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2023 Incoming resources R850urces expended Transfers At 31 March 2024 Fixed Assets Locality ASDAN 870,106 1,000 87 (50,2671 3,905 823,744 1,000 87 871,193 {50.26n 3,905 824,831 Previous year: Incoming Resources resources expended Transfers At 31 March 2023 2022 National Lottery Heritage Fund Fixed Assels Localty ASDAN 3,876 (3,977) {49.87n 101 919.983 1,000 87 870,106 1,000 87 921,070 3,876 53,854 101 871,193 15
CLARE CASTLE COUNTRY PARK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Restricted funds (Contlnued) Restricted funds consist of amounts given for a specified purpose for use within the Trust - National Lottery Heritage Fund - This consisls of amounts received from the National Heritage Lotl8ry Fund to restore key features of the park and share Clare's heritage. Fixed Assels - This fund is represented by fixed assets which have been purchased with restricted monies, The amounts equates to the figure which has been capilalised within fixed assets on the balance sheet. ASDAN A grant was received from the Frank Jackson Trust to provide outdoor training for students who were following a limited academic curriculum. Funds under £2k- There are a number of restricted funds, none ofwhich amount to more than £2,OCN). These restricted amounts are used for the specified purposes as intended by the donors. Transfers - A transfer of £3,905 (2023. £nil) was made from Unrestricled Funds to Ihe Fixed Ass8t Restrict8d Fund. A transfer of £Nil12023.' £101) was made from the Nationel Lottery Heritage Fund (Restricted) lo Unrestricted Funds upon the ssation of the projects. 17 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donalions and grants which are not subjecl to speofic conditions by donors and grantors as to how they may be used. These indude designated funds which have been set aside out af unrestricted funds by the trustees foi specific purposes. At 1 Aprll 2023 Incoming resources Resources expend&d Transfers At 31 March 2024 Water other Castle Walls Th8 Old Goods Shed General funds 21,818 13.037 1,000 2,000 142.767 21,818 9,524 1.000 2,LKJO 176,753 6,319 15,92n (3,905) 158.917 (124,931) 180,622 165,236 (130,858) {3,905) 211.095 16-
CLARE CASTLE COUNTRY PARK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Unrestricted funds {Continued) Previous year. At 1 April 2022 Incoming resources Resources expended Transfers At 31 Pdlarch 2023 National Lottery Heritage Fund Water Other Castle Walls The Old Goods Shed General funds 600 16,818 12,659 1,000 2,000 138,424 16001 5,000 378 21,818 13,037 1,000 2,000 142,767 124,677 (115,455> (4,879) 171.501 124,677 115,455 1101) 180,622 D&signated Funds are those the trustees have agreed should be set aside for specific projects or capital expenditure that would not be part ofth8 ongoing running and maintenance oflhe park- National Heritage Lottery Fund This consists of the Trust's contribution for the delivery Phase of the National Lotlery Heritage Fund project. Water- This fund is in relation to monies set aside for water feature projects within the park. Other- This fund relates to other projects for which the Trustees have set aside funds for. Transfers - A transfer of £3,905 (2023.. £nil) was made from Unrestricted Funds to the Fixed Asset Restricted Fund. £Nil (2023: £5,378) was transferred to Unrestricted funds from designated funds. This included transfers of £nil, <2023: £5,000) to the Water Fund. There were also transfers of £nil (2023,. £600), from the National Lottery Heritsge Fund, and Other £Nil (2023.. £378) designated fvnds to unrestricted funds_ These amounts related to funds over and above the reserves poliw, which have been allocated to be used in other Fxojects in Ihe park. 18 Analysis of net assets beiween funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{liabilities) 823,744 1,087 823,744 212,182 211,Q95 211,Q95 824,831 1,035,S26 17-
CLARE CASTLE COUNTRY PARK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Analysis of net assets between funds {Continuedl Unrestrlcted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023: Tangible assets Current as5etsl(liabilitiesl 870,105 1.088 870,105 181.710 180,622 180,622 871,193 1,051,815 19 Capital commitments 2024 2023 Amounts contracted for bul not provided in the financial statements= Acquisttion of property. plant 2nd equipment 14,370 20 Related party transactions There were no disdosable related party transactions during the year12023 - none). 21 Cash generated from operations 2024 2023 Deficit for the year (15,889> (40.755) Adjustments foi". Depreciation and Impairrnent of tangible fixed assets 50,267 49.876 Movements in WOTking capital.. (Increase) in stocks (Increase)Idecrease in debtors (Decrease) in Lyeditors {Decrease)fincrease in provisions (866) (8,374) (2,930) {470) 58.379 (10,111) {8,000) Cash generated from operations 22,208 48,919 22 Analysis of changes in net funds The Trust had no material debt during the year. 18