2023-03-31-accounts - The Nicholas Everitt Park

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The Trustee	The Trustee	present their report and financial	present their report and financial	present their report and financial	present their report and financial	statements	statements	statements		for	the	year ended 31	year ended 31	year ended 31	March 2023.	March 2023.
The financial		statements		have been prepared		in accordance					with		the accounting		policies set out in			notes to		the
accounts	and		comply	with	the charity's governing			document,					the Charities		Act	2011 and	Accounting		and
Reporting	by	Charities:		Statement of Recommended			Practice applicable							to charities		preparing	their	accounts		in
accordance		with the Financial Reporting Standard					applicable					in	the UK and Republic of Ireland					published		in
October	2019.
Reference and Administrative Details
Charity	Name				The Nicholas Everitt Park
Charity	Number				304788
Address	of	Charity:			The Pavilion
					Nicholas Everitt	Park
					Oulton Broad
					Lowestoft
					Suffolk
					NR33 9JR
Trustee					Oulton Broad Parish Council
Councillors		ofOulton			Cllr S Keller
Broad Parish			Council		Cllr 5 Falat
					Cllr J Bragg
					Cllr TCannon
					Cllr P Carver
					Cllr B Keller
					Cllr A Page (resigned 3 May					2023)
					Cllr L Pullen (resigned		3	May 2023)
					Cllr C Ashdown
					Cllr D Bromley (appointed				19June			2022)
					Cllr A Besford-Land (appointed						19	June 2023)
					Cllr D Munro (appointed 19June 2023) CllrJ Davis (appointed 19June 2023)
Clerk to	Council				Ms M McGoun
Bank					Barclays
					21-22 Cornhill
					Bury St Edmunds
					Suffolk
					IP33 1DY
Independent			Examiner		Lovewell Blake LLP
					Chartered Accountants
					Bankside 300
					Peachman Way
					Broadland Business Park
					Norwich
					Norfolk
					NR7 OLB

		2023			2022
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			Funds			Funds
			6			6
Income
Grants —towards repairs	151,118		151,118	160,432	6,000	166,432
and maintenance
Grants —Covid 19				20,000		20,000
Property lettings	55,316		55,316	58,325		58,325
Leisure activity —Bowls	2,030		2,030	1,990		1,990
Leisure activity —Other	5,007		5,007	2,040		2,040
Leisure activity —Tennis	457		457	371		371
Donations	258		258	285		285
Misc. income	1 559		1 559	5861		5861
Total Income	215,745		215,745	249,304	6,000	255,304
Expenditure on
Charitable Activities
Insurance	267		267	227		227
Legal fees	765		765	1,125		1,125
Accountancy	418		418
Independent examination	2,400		2,400	1,406		1,406
Solicitors Chartered surveyors	4,000		4,000	2,787		2,787
Management fees	466		466	471		471
Repairs and maintenance Security Utilities Event expenses	126,173 50,784 26,207 2,012		126,173 50,784 26,207 2,012	169,869 48,232 35,921 257	6,757	176,626 48,232 35,921 257
Miscellaneous	1 728		1 728	2767		2767
Total Expenditure	215,220		215,220	(263,062)	(6,757)	(269,819)
Net income I
(expenditure) for the
year before revaluation	525		525	(13,758)	(757)	(14,515)
Revaluation				L1193 g()g)		1 930000
Net income before
transfer offunds	525		525	(1,943,758)	(757)	(1,944,515)
Transfers between funds				1 757	1 757
Net movement in funds	525		525	(1,945,515)	1,000	(1,944,515)
Fund balance at 1 April
2022	~2146674	6000	~2152674	4092189	5000	~4 097 189
Fund balance at 31 March
2023

		2023	2022
			6
Fixed assets
Land and buildings Fixtures, fittings and equipment Community asset		1,796,000 159,345 160000	1,796,000 159,345 160000
Total fixed assets		2 115345	2 115345
Current assets
Cash at bank		11,112	33,324
Debtors - VAT		32303	21 760
Total current assets		43415	55084
Current liabilities
Independent examination Creditors	fees accrual	(5,561)	(1,656) ~16099
Total current liabilities		5561	~17755
NET ASSETS
Funds
Unrestricted		2,147,199	2,146,674
Restricted		6000	6000
Total funds

lysis ofcharitabl	e funds
31 March 2023
	Funds			Transfers	Funds
	brought			and	carried
	forward	Receipts	Payments	Revaluation	forward
	6	6	6	6	6
Unrestricted	2 146674	215745	(215220)		2 147199
Restricted
Safety Fence	2,000				2,000
Viewing platform	4000				4 000
Total	6000		(~)		6000
31 March 2022
	Funds			Transfers	Funds
	brought			and	carried
	forward 6	Receipts 6	Payments 6	Revaluation 6	forward 6
Unrestricted	4092 189	249 304	f263062)	(1 931 757)	2 146674
Restricted
Safety Fence		2,000			2,000
Viewing platform Disabled swing	~5000	4,000	~6757)	1 757	4,000
	5000	6000	~6757)	1 757	6000
Total

sis ofnet assets	funds
31 March 2023	Unrestricted	Restricted	Total
	Funds	Funds	Funds 2023
	6	2	8
Tangible fixed assets Current assets Creditors less than 1 year	2,115,345 37,415 ~5567	6,000	2,115,345 43,415 ~5561
Net assets
31 March 2022	Unrestricted	Restricted	Total
	Funds	Funds	Funds 2022
	6	F
Tangible fixed assets Current assets Creditors less than 1 year	2,115,345 49,084 ~77755	6,000	2,115,345 55,084 ~5}
Net assets