Tr"ARM PARK REPORT AND FtYANCLIL STATEMENTS 31 MARCH 2023 Re£islered charlty number: 501757 OFFICIAL
Farm Park Table of Contents Report ofthelrustses............................................................................................................. Independcnl Ex8min¢ls Report................. ............................................................................... , stament of I'inancial Activities................... Balance Sheet.. . Not to the Financial Ststemcnls........ .9-10 OFFICIAL
Farm Park Rcport of the Trustees for the Year Ended 31 March 2023 The Trusle¢s prescni thelr report along with the financial statetnents of the charity for the year euded 31 Match 2023. The financial slalements have been prepared in ac¢ordance with the ac¢ounting policies sel out in the llot thereto and comply with the charity's trust deed and applicable law. Reference and administrative information Name of eliarity.. Farm Patk Registered charity number: 501757 Address for correspondence". rinance Directorate Bim)ingham City c.ouncil Ihe Coun¢il Housc Vicioria Square Ilirn)ingham ]JI IBB Trustee.. Bimjingham City Council Independeni EAaminer'. Mi. Jason Seagrave FCCA I Poplars Court Lenlon Lane Nottingham N(i7 2RR Dank: Il<Lrclays Baiik PIC 15 Colinore Row Birniingham B32BII OFFICIAL
Farm Park Report of the Trustees for the Year Ended 31 March 2023 Structure, Governance 2nd M*na8emenl Governing documenl The'fu1 ivas esiablished by a Tn1 Dced dated 15 Au8USt1972. It is a wgistered cbattty, with charity numbcr 501757. The Trustee is Birniingham City Council. Recruilmenl andappoinimenl oftrusiees The trustees, who served during the year, alld since the year end. are set oul in the Tefcrence and adtninistration detsils on page 2. Triislee Meetings l)ay lo day mariag¢ffj¢nt dccisions are iiiade by Ttus¢ and Cliarities Committee, which is m&d¢ up of eight Council Members. Three members acting as Truslecs are necessary ta form a quorum. Issues are decided by a simple majority of Lhose present and voling, provided at le&41 tivo Trnstees vole in favour of the resolution. D¢cisio, such &s disposals are madc by Full Council sit(ing separately as Corporate .1 ruslee. Objectlves and Actlvliles The Trustees hav¢ referr¢d lo die guidance contained in the Charity Commission's gcneral guidatL¢¢ on public bcnefil when reviewing the aims and objeL'tives of the charitable Lompany and in planning uny fiiture activities. In particular, the l rnslees havc considei'ed how planned a¢liviiics will contribute lo Ihe aims aiid objectives set. Tlie i)bjLK'tives ocihe Chariry are provide public spaces to be used for tho inhabitants of the City of ]3imiingham. lTh¢se spaccs arc managed by Bii'tninglwn c.ily Council on bel)alf of thc c.harity. forthe benefii of tli¢ cili£ens of Bim)ingham. Thcy are currently accessible to the general public. Publlc Benefit The Truslees confirm that in the exercis¢ of their powers as 2 charity ttugtee, they have had due regard lo thc published guidance from thc Charity Cummi55ion on the operaiion of ihe public benefit reqiiirement. OFFICIAL
Farm Park Report of the Trustees for the Year Ended 31 March 2023 Achievement5 and Performance Tot81 unrestricted incoming regouree4 for the year were £28,198 (2022: £26.780). Charitable expenditure aniounted to £28,198 (2022- £26,780). Flnancial Review lJnrestrieted income far ihc period amounted to £28.198 (2022.. £26,780) and the principal funding sources were from Ilirniingham Cily Council of £28,098 (2022- £26,680) and other inLome ul£lOO (2022- £IOO). Unrestricted expenditur¢ totalled £28.198 (2022.. £26,780) and comprised supplies and services of £28,198 (2022.. £26,780). Reserves and Risk M£7Firtgeiiiepil The cliarily lacks sufficient funds io maintain the public spaces and keep the 8rea in good state; it se¢k¥ rcgulur inctsmc from Birniin8ham Cily Couiicil. Consequellily. any defi¢il iiiade is covered by the City Cowictl. Risk Alaiiagemenl The Tru,st¢cs kccp under r¢vi¢w the major strdiegic &iid op¢ratioiial risks wliiLli dic charily fdC¢S and ar¢ satistied that Sybtrmb hav¢ been esthblished in ord¢T io minimi.se thc possible effec15 of such risks on Ihc charity. OFFICIAL
Farm Park Report of the Trustees for the Year Ended _31 Mareh 2023 Trustees, Responslbllilies in RelAtlon lo the FinanelAI Statements The Trustees are reiponsible for preparing thc Annual R¢port and the binancial Statements in accordance with applicable law and the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {fRS 102) (effc¢tiv¢ l J4uary 2019)- Charitie5 SOllP {fRS 102) and tlic Financial Reporting Standard applicable in the UK 2nd Republic of Ireland {FRS 102). The law applieable to charities in England And Wales requires th¢ Trustees to PTcpar¢ fuwicial statements for each finan¢ial year which giv¢ a tntc and fair vi¢w of the atrairs of thc charity and of the in¢oming resources and application of resources of the charily for that period. In preparing these financial statement5. the Trnstees are Tequired to: select Suitable accounting policics and Ihen apply them consisienily; obslrvc the methods and principles in the Charities SORP 2019. makc judgein¢nts and estimatcs (hat are reasonable and prudent: state wliether applicable UK accouniing Sthndards bave been followed, subjeci lo aiiy dLPdrtures th'scloqed Ithd explaincd in the findncial 8iaiemenLs' and prepare ihc financial statemenis on the going conceni basis unless it is inappropriate to presume that the charily will continuc in operalion. The Trnstees are responsible fur k¢eping aLcounting recoi'ds thai disclose wilh redsonabl¢ accuracy at any lime the financial posiiion of tlie charity and enable thcm lo ensLire thal the rin<incial .statenienls Comply with the Charilics Acl 2011, the ("harity (Aceounts and Reports) Regulations 20011. Financial Reporting Standard (FR8 102) and thc provisions of tlie trust dced. I'hey are also responsibl¢ for safeguardinb the asseLs of the charily and hencc Cor Lakirhg reasonable steps for tEie prei'enlion and detection of fraud and other irregularilies. Approved by the TThsteeq and signed on their behalf by: I'rustee: Counefillor Phil Davis (Chair of the TTusts and Charities Committee) Da*.. 15 December 2025 OFFICIAL
arm Park Independenl Examiner's Report to the Truslees of Farm Park I report to the charity ttvstees OD my ¢xaminaiion of the accounts of the charity for the year ended 31 Mareh 2023. Responslbllltle5 basls of report As the ¢harity's trnslces you .¢ reJponsibl¢ for the preparation ofthe accounts in acc01-dl¢¢ with the requirements of the Chl11cS Aci 2011 ('the Act.). I report in respect of my examination of the charity's accounts carTied (iul under scctiun 145 of the Act and in canying OUL my examinaiinn I have follo,ed all the applicable Direclions given by Ihe Chariry Comtnission under section 145(5){b) of the Act. Independent ex#miner's statemeD¢ I have ¢ompleled my examination. I confimi that no material matters l)ave Lome lo my Attcnlion in conncction wilh ihc examination giviiig Ine Ca$¢ to believe thai any malerial respect: accounling records wcrc noi kept in rcspccl of (he charit}, as requircd by section 130 of the Act. or th¢ <iccounts do not accord with those record%,' or the tLccourkts do not comply willi the applicablc r¢4uirements concerning the fonn and content of ac¢ounls qet out in the Charities (Aecouots and Reports) Rcgulations 2008 oihcr ihan any requirement thal the accounts give a 'lruc and fair view. whieh is not a matier Lonsidcrcd as part of an independent examination. nu concerns and lidve com¢ across no oiher maiters in cc)nnection willi the examination ic tt¢nuon %hould bc drdwn in this report in order eiiable a proper understai)ding ol. nts lo be reaclicd. on Seagrave FCCA Seagrave French l.L.P I Poplars Coun Lent()n Lallc 'Oilingham NG7 2RR Dale: 15 December 20?5 OFFICIAL
Farm Park Statemenl of Financial Actlvities for the Ycar Ended 31 March 2023 Unrestricted Fund3 Restrlcted FDd5 Total 2023 Total 2022 ID¢oFnlng rfsourees Other Income Birniin8ham City Council 100 28,098 loo 26,680 28,098 Total ineomln% resourccs 28,198 28.198 26,780 Resources txpended C.hatitabl¢ a¢uYities 28,198 28.198 26,780 Total resourcos expendcd 28,198 2A,198 26,780 Net 1ComIng resources before IrAnsfer$ Transfer GTU85 transfers betwccn funds Yet Incoming rtsources before olher r¢¢(J8nffi&ed %alns and loJst* Other rccognised gainslloss¢$ Piet m•%'ement In funds Recon¢lllatioM of funds Balance of ndS broughi forward ai l April Balance of fund5 earrffied forward at JI .Nl#rch OFFICIAL
Farm Park Balance Sheet as at 31 March 2023 Unrestricted R¢stricted Funds Funds Total Total Notes 2023 2022 Trixed assets Land And Buildings Current assets Dcbtors.. Amounts failing due within one year Lredilors: Amounts falling due within one year Net current assets Net Asset5 Funds PerIi)anent Funds Unrcslrict¢d l.'uns Totlll Funds Approved by the I ruslee5 and si8ll¢d on their behaifby: I'rustcc: Councillor Vhil DaviJ {ClJair of thc TnLSts and Clwities Comniiuee) Date.. 15 December 2025 OFFICIAL
Farm Park 'ote5 formin2 part of the Financial Statements for the year ending 31 March 2023 PriDci l Accouniin Policies Aceounlin Convention The accounts {finan¢Èal 5¢aremcnts) hav¢ been prepared, iti a¢wrdance with Accounting and Reportlll8 by Charities.. Ststemcnt of Recommcnded Praciice, applicable to charilics preparing their accounts and in accordance with th¢ Financial Reporting Srxndard applicable in the UK and Rcpublic of Ireland (FR8 102) (effective l January 2019)- Charities SORP {FRS 102) dnd the Financial Reporting Standard applicable in th¢ IJK and Republie of Ireland (Flis 102). 'I'he fmancial ststements are prepared on a going concern basis, under the historic cosi convention, modified to in¢lude certain items &1 fair value. Th¢ fuwicial slatemei)ts are prepared in sterling, which is the fijnclional currency of ihe chaTity. The significant accounting p)licies applied in the presentation of thes¢ financial statcments, are scl oul below. The8e policies have bcen consjstenily applied to all year8 presend, unlL5S otlierwise Slated. 'I'he charity has iaken advantage, of ilie oplion provided in the Statement of R¢Lummeuded Practice, lo hcadiiigs in Il)L Stsietnenl of Financial Acliviiies, Ilidi are applicablc lo their specific aciivity. rather th{ reporting on an activity basis b) Income All incotning re50urccs are includcd in the Slement of Finan¢ial Activities when the charily is enritled io the income and the amount ¢an bc quantified with accuracy. 'ndiiurc F.xpenses are charged An ihe financial Siaternents in the year to which thc li8bilily r¢lates. Charitable expethditure comprises those costs incurred by the Charity in the delivery of the activilics and services for lis ben¢ficiaries. It includ&s, both costs thal can be allocated direcily to such activities and those rosts of an indirect nature, necessary to support them. dl rund Accountin Dctdils and tbe nale of ¢ach fund ar¢ set below.. Unrestricted Funds comprise thosc funds which the .1 rustees are frec lo use in accordance with the charitahle objects. Restricted Fund5 represent those assers that must be held pernianenily by the charity. OFFICIAL
arm Park Notes forming part ofthe Flnancial Statements for the year ending 31 March 2023 ( oTrl'rt) Incomin ReSoueS 202.1 2022 Other Income - ground rent Birniingham City Council Funding 28,098 26,680 Resour¢es Ex nded 2023 2022 Supplics and Services F.xlernal Review Costs FinanLial services provided by RCC 28.198 26,780 198 780 Remuneration and Ex ns N'one of the Trn.siees receive remuncrdlion oroiher benefits from the Chariiy or reimbursement (ur any expetLSCS incurred on behalf of thc Charity, (2022: £Nil). Reserves At l April 2022 Incoming Resources Outgoing Revaluation Resources At 31 .M#rch 202.3 lJnrc.8lriLlcd reserves Restricted rescrvcs 28.198 (28,198) Funds 28,198 28,198 io OFFICIAL