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2023-03-31-accounts

TRUSTEE'S ANNUAL REPORT
INDEPENDENT AUDITORS' REPORT TO THE TRUSTEE OF THE HIGGINSON PARK CHARITY ............8
STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR END31MARCH 2023..., ,...,...„.
....... .,.....		 12
BALANCE SHEET AS AT31MARCH 2023. 13
NOTES TO THE FINANCIAL STATEMENTS 14
Registration Number 284420
Registered Address The Gateway
Aylesbup
Bucks
HP19 SFF
Name ofTrustee Buckinghamshire Council
Address of Trustee The Gateway
Aylesbury
Bucks
HP19 SFF
Contact Mark Preston
Assistant
Director		 of Finance
Address The Gateway
Aylesbury
Bucks
HP19 SFF
Solicitor Solicitor (Buckinghamshire Council)
Address The Gateway
Aylesbury
Bucks
HP19 SFF
Auditors Seymour Taylor Limited
Address 57 London Road
High Wycombe
Bucks
HP111BS

STATEMENT OF STATEMENT OF FINANCIAL FINANCIAL ACTIVITES FOR THE YEAR END31MARCH 2023
Total Total
Unrestricted Restricted Funds Funds
Note Funds Funds 2023 2022
2'000 E'000 E'000 2'000
Income
Income from charitable
activities
Operation
of		 exercise facilities and
park 216 216 112
Income from other trading activities
Commercial trading 92 92 125
Grant income 105
Total income 308 308 342
Expenditure
Costs ofraising funds:
Commercial trading 43
Expenditure on charitable activities:
Operation
of		 exercise facilities and
park 245 194 439 384
Total expenditure 253 194 447 427
Net operating
income I		 (loss) 55 (194) (139) (85)
Gains I(losses) on revaluation of
fixed assets 287
Net movement
in funds		 for the
year 55 (195) (140) 202
Reconciliation
offunds
Total Funds brought
forward		 316 7,114 7,430 7,228
Total funds carried forward 371 6,919 7,290 7,430
BALANCE SHEETAS AT31MARCH BALANCE SHEETAS AT31MARCH 2023
Charity Charity
Note 2023 2022
E'000 E'000
Fixed assets
Tangible assets 6,816 7,010
Total fixed assets 6,816 7,010
Current Assets
Debtors 247 444
Cash at Bank and in Hand 250
Total current assets 497 444
Liabilities
Creditors: Amounts falling due within one
year 10 -23 -24
Net Current assets 474 420
Total assets less current liabilities 7,290 7,430
Net assets 7,290 7,430
The funds ofthe charity:
Restricted income funds 13 6,919 7,114
Unrestricted income funds 371 316
Totalcharity funds 7,290 7,430

fair value and are carried at th fair value and are carried at th e amortise d
cost.		 d
cost.
Financial Assets are classified into three types as summarised
below:
Category Balance SOFA
Sheet
Amortised
Cost		 Amortised Movements
in amortised		 cost are
Cost debited / credited to the surplus or
deficit on the fund.
Financial Value through Fair Value Movements
in fair value		 are debited /
Other Comprehensive credited to Other Comprehensive
Income and Expenditure Income and Expenditure
Financial Value through Fair Value AII gains and losses are posted to the
Profit 5 Loss fund

Unrestricted Unrestricted Unrestricted Unrestricted
funds 2023 funds 2022
&000 &000
Income from other recreation or leisure-time
occupation 216 112
Total income from charitable activities 216

Income from other trading activities
Unrestricted Unrestricted
funds 2023 funds 2022
&000 OOOO
Income from other property 37 87
Income from events 55 38
Total income from other trading activities 92

Other
recreation
Facilities for or leisure-
physical time
exercise occupation 2023Total 2022 Total
OOOO 5,'000 &000 OOOO
Car Park Costs 18 18 14
Depreciation 194 194 191
Maintenance to grounds 36 36 35
Repairs/ Maintenance 57 57 28
Support costs (see note 7) 114 20 134 116
Total 308 131 439 384

6
Summary		 analysis ofexpenditure and related Income for charitable activities
Other
recreation
Facilities or leisure-
for physical time 2023 2022
exercise occupation Total Total
&000 5'000 5'000 OOOO
Costs (308) (131) (439) (384)
Physical exercise
Recreation or leisure-
time 198 198 112
Net cost funded from
other income (308) 67 (241) (272)
Other
Facilities recreation
for or lelsure-
physical time Basis of
exercise occupation Total apportionment
Governance Allocated on time
Insurance 10 Allocated on risk
Accountancy,
professional		 legal and other
services		 7 1 8 Allocated on time
General office 98 17 115 Allocated on time
Utilities 1 1
Total 114 20 134

NOTES TO T
8
Tangible fixed assets		 HE FINANCIAL STAT EMENTS —con tinued
Investment Land &
Properties Buildings Equipment Total
Cost or valuation &000 OOOO X'000 OOOO
As at1April 2022 1,352 7,025 442 8,819
Additions
Revaluations
As at31March 2023 1,351 7,025 442 8,818
Depreciation
and
impairments
As at 1April 2022 (1,367) (442) (1,809)
Charge for the year (193) (193)
As at31March 2023 (1,560) (442) (2,002)
Net book value
As at1April 2022 1,352 5,658 7,010
As at31March 2023 1,351 5,465 6,816

2023 2022
f.'000 OOOO
Other debtors 247 444
247
10Credit ors: amounts
falling d		 ue within one year
2023 2022
OOOO OOOO
Deferred income 23 24
23 24

Deferred income comprises advance payments from commercial leases.
OOOO
Balance as at1April 2022 28
Amount released to income earned from commercial trading (28)
Amount deferred
in year		 23
Balance as at31March 2023 23

bjects o fthe charity
Restricted Unrestricted Total
5,'000 5'000 X,'000
Balance at 1st April 2022 7,114 316 7,430
Income in the year 0 308 308
Gains / (losses) (1) 0 (1)
Expenditure
in the year		 (194) (253) (447)
Deferred Income 0
Balance as at31March 2023 6,919 371 7,290

mparatives
for movements
in charitabl		 e funds
Restricted Unrestricted Total
f.'000 &000 X,'000
Balance at 1st April 2021 7,018 210 7,228
Income in the year 342 342
Gains / (losses) 287 287
Expenditure
in the year		 (191) (236) (427)
Deferred Income
Balance as at31March 2022 7,114 316 7,430

NOTES TO THE FINANCIAL ST ATEMENTS —c ontinued
13Analysis ofnet assets between funds
Restricted Unrestricted Total
2'OOG &000 X.'000
Tangible fixed assets 6,816 0 6,816
Net current assets 103 371 474
6,919 371 7,290