FARM PARK REPOR'f AND FINANCIAL STATEMENTS 31 MARCH 2024 Regii*tered eharity number: 501757 OFFICIAL
Farm Park Table of Contents Report of the Trustees................................................................,.............,..,.....,.............,....... Independent Examiner's Report.......................................................,.. ....................,...,............ Statement of Financial Activities.................,...,.................,..,.................,..,. Balance Sheet...................................... Nfotes to the Fiinancial Slatements..,.....,..,.,...... .9-10 OFFICIAL
Farm Park Report of the Trustees for the Year Ended 31 March 2024 Tlie Tn]stees prescni their report along with the financial statements of the charity for the year ended 31 March 2024. The financial statcments have been prepared in accordance with the accounting policies set oul in ihe notes thereto and comply with the charity's trust deed and applicable law. Reference and administrative information Name of Lliarity: Farm PaTk Registered charity number: 501757 Addre88 for COiTespondGncc: Finance Dircctoratc Binningham City Council Tlie Coiincil HL)use Victoria Square Birminghain DI IBB Tiustee.. Birmingham City Louncil Independent Examiner: Mi. Jason Seagrave FCCA I Poplai-s Coiirt Lctiton Lane Nottingham Nti7 2RR Bank.. Bai'cldys Bank PIC 15 Colmore Row Birniingliam 143 2BH OFFICIAL
Farm Park Report of the Trustees for the Year Ended 31 March 2024 Icont'd) Structure Governance and Management Governing docuinent The 'I'rust was established by a Trust Deed dated 15 August 1972. It is a registered charity, with charity number 501757. The Trustee is Birmingham City Council. Recrz¢ilmenl and appointment of tn4Stee.I 'I'he t1te2S, who served diiring the year, and since the year end, are set oiit in ihe reference and administration details on page 2. Ti'ustee Meelings Day to day management decisions arc made by 'l'wst and Charities CommitteL', which iq rnade up of eight C'ouncil Members. Three mejnbers acting a8 Trustecs al'e neccssary to fonn a quorum. Issues are decided by a simple majority of ihose present and votiiig, pi'ovided at Le<lSt ttvo Trustees votc in favour of the L'esolution, Decisions, suLlI as disposals are madc by I,'ull Council silting separately as Coiyorate Trustee. OIIjL'Ltive¥ and ALlivitles Tlie Tiustecs have referred to tl)¢ guidance contatned in the Charity C'oinmission's general gLiidancc ()n public benefit ivhcn revicwing tlie aims and objecLivLs of the Lliarilable compc111y and iii i)lanriing7 any liitui'e aLtivities. In paiticular, tlie 'l'rustees have Lonsidei'ed how planned activilics will Lontribulc to the iLiinS arid objeLlives sei. The objcctiveq of the c.harit.y are tn provide puhlic qpAe.es to be used for the inhabit21itq of the City of Birn]ingham. These spaces are Iniillc2ged by Bimiingham C,ity C.oiincil on behalf of the Charity, for the benefit of thc citi7.ens of Birmingliam. 'I'hcy are cui-l'ently acccsbible to the general public. Public Benefit 'riic 'l'rustees confiini that in the exei'cisc of tlicir power8 as d cli<itY trust¢e, Ihey Iiave liad due regard to ilie piiblished guidance fi'om tlie Charily Commission on ihe operatioii of the public benefit reqLljI'emenl. OFFICIAL
Farm Park Report of the Trustees for the Year Lnded 31 March 2024 ItontTrd) Achievements and Performance Total unrestricted incoming resoui'ces for the year were £29,133 (2023: £28, R 98). Charitable expenditure amounted to £29,133 (2023: £28,198). Financial Review Unrestricted income for the period amounted to £29,133 (2023: £28,198) Lind th¢ principal funding sources were from Bim]ingham City Council ot. £29,033 (2023: £28,098) and other inLome of £100 (2023: £100). UnTestricted expenditure totalled £29,133 (2023: £28,198) and coniprised supplics and services of £29,133 {2023,. £28,198). ReseriJe.5 and Risk. Managemeiit 'I'li¢ charity lacks suffiLi¢nt fLLnds to maintain thc public space.s aiid keep tlic aretl in good %laLe' it sceks regular income from Bimiin&ihdin CLLY Couiicil. Coiisequently, any deficit made 1.8 CQVLrL.d by tlie City C.uuncil. Risk Mailagernént The TrustCC8 Iceep undcr review thc major strate8iC <iiid op¢i'aÈional ri.sks whiLlI Lhc ch<uiLy faces and arc satisfied thal systems havc been establislied in order to minimise thc possible effccts of such i'isks on thc charity. OFFICIAL
Farm Park Report of the Trustees for the Year Ended 31 March 2024 (eoTLt'dl Trllstees, Responsibilities in Relation to the Financial .8tatements The I rustees are i'esponsible for prcparing the Annual Report and the Financial Statements in accordance with applicable law aiid the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (bRS 102) {el'leLtive l Januaiy 2019) - Charities £()RP (FRS 102) and Ilie inancial Repoiting Standard applicable in the UK and Republic of Ireland (14RS 102). 'riie law applicdblc to cliaritie8 in F,ngland and Wales requires the Trustees to prepare tiiiancial tateiiients for each financial ycar wliicli givc a truc ]d fair view vf ihc affau's of Ihe chdrity aiid of the incoming resources and (Ipplication of resources of the charity for that period. In preparÈng thcse financial statements, the Truslees are required to.. sclect %uitdble accoiinting policies and then apply them cDnsistelltly' obsejve thL' mcthodq and Drinciple% in the c.harities SORP 2.019. makejudgements and eltiniates that are rcasonable and pnident. state wliether applicable UK accoLintingr standardg Iiave been followed, subject to any departuies di%closcd and cxplaincd in the financial .stateiiiciitS' (Iiid prepai'¢ tlie financial statement.% on the going Loncern basi8 unless it is inappropriate to presiLm¢ ih¢il the charity will continuc in opL'ration. The Trustees are reqponsible tor Iceeping accoiinting rccoi'ds that disclose with reasoiiable accuracy at any time the tinanciic I position ol- tlic ¢ll-llY and ciiable thcin to ensur¢ tliat tlic fiiiancial stateiiients Lomply witli thc Chai'ities Act 2111 I, tlie Charity (Accoiints ¢lnd Reporis) Ilcgulations 2008, Financial Reporting Standard (fRS 102) aiid the i)rovisions of tlic Irust dL'ed. They are also rcsponsible for safeguarding the assets of Ihe charity and hence for taking reasonable steps for tlie prevention and detection of fraiid and other irregularities. Approved by the Trustees signed on their behalf by: Trustee: Couiicillor Phil Davi$ (Cbair of the Trusts and Cliarities Committee) Date.. 15 December 2025 OFFICIAL
Farm Park Independent Examiner's Report to the Trustees of Tr'arm Park I L'eport to the charity tnistees on my examination of thc accounts of the charity for the year ended 31 March 2024. Responsibilities and basis of report As the charity's li'uslees you are respon8ible for the preparation of the accounts ILI accoi'danue with the requirements of the Charities ALL 2011 ('the Act,). I report in respect of my examination of Lhe charity's accounts caiTied out under section 145 of the Act and in L<urying OUL my exaininatinn T have follawed all the applicablc Dii-cctions given by thc Charity Commission under section 145(5)(b) ot.the Act. Independent examlner's statement. I have completed my exaniination. I confirm that no InaLei-icil malters Iiave Lonie to my altenlion in coniicctioii witli tlie exaniindlion gyiving ine cause to bclicve that iii any material resi)ect-. accounling record,% wcrc nol kept in rcspcLt of tlic charity as requiI'ed by seLtion 130 of the Act- oi- the accounts do not accord with those recnrds. or tlie accounts do not comply willi the applicable requircments concc'rning th¢ fomi and conteiit of accouiits set oiit in thc Charities {Accounts and Rcports) Regulations 2008 otlicr than any requircimenl ihclt the accoLLnts give a 'truL and fair view, wliich is not a In41LLcr cori.%iderL'd (18 PL2rt of an indcpcndent examinaiion. I liavc no concems and have come aci'oss no otlier matter8 in connection witli the examinatioii lic ttentioii .qlioiild bL' drawii in this report in ordei. to eiiable a propcr understaiiding of Ils Lo be l-eached. on SeagrAve FCCA Scagr(tve FrenLh I,LP Poplars Coiirt Lenton Lane Nuttinbyham NG7 2RR Date: 15 Deceniber 2025 OFFICIAL
Farm Park Statement of Financial Activities for the Year Ended 31 March 2024 Ilnrestrieted riunds Restrieted Fuiids I'otal 2024 Total 2023 Notes Incoming resnurees Other Income Birmingham City Louncil 100 29,033 loo 29,033 100 28,098 Total Incorning resources 29,1.13 29,133 28,198 Resuurces expended Charitablc acLiviLic,8 29,133 29,133 28,198 'I'otal resources expendLd 29.133 29,133 28,198 Net incnmin% resources before transfers Transfer Cji'oss Iraiisfers b¢tween funds Net iiicnming resources before otlier recngni$ed gainsi and losses Other i'ecogniscd gainsllosse8 Net movL'ment In funds ReconciliAtion of funds Balancc of funds brought forwArd at l April Balance of funds Carried forward 8t 31 March OFFICIAL
Varm Park Balance Sheet as at 31 March 2024 Unresti'icted Restricted Funds Funds Total 2024 Total 2023 Notes Fixed assets Land and Buildings Current assets Dcbtors: Amounts falling due within one year CreditL)rs.' Amoiuits falling due within one ye. Net current assets Net Assets Fuiids Pei'mancnt F'iinds Unrestricted E,'uns otal funds Appi"oved by the Trustees and signed on their behalf by.. Trustee: Couiicillor Pliil Davis (Chair of the Tru.%ts and Cliarities Committee) Date: 15 December 2025 OFFICIAL
Farm Park Notes forming part of tlie Filliincial Statements for the year ending 31 March 2024 Princi al Accountin Policies Accountin Convention Tlie accounts (financial stateincnts) havc been prepared, in accordance with Accounting and Reporting by Cliai'ities: Stalement ol IleLomniended Practice, applicablc to chai-ities prcparing their accounts and in accordance witli the b in<incial Reporting Standard applicable in the UK aiid Republic of Irelitnd (FRS 102) (cff¢Gtive l Jaiiuary 2019) - Charities SORP (FIIS 102) and the Financial RcpoLting Standard applicable in tlie UK and Republic of Ireland (FRS 102). I'lie financial statements are prepared on a going concern basis, under the historic cost Lonvention, modified to include certain ilems at fair value. "I'he financial statement8 arc pJ'epaT'ed in sterlins, which is the functional ¢urnency of the charity. The significant accounting policie.8 applied in the presenlation ol tliese finaiicial stateinenls, dre .qLbt out below. These policies have been consistcntly appliLd to all years presented, unless otheiivise stated. The chai'ity ha.% takcn advantage, of thc option provided in the StdtemcnL of Recommeiided Practice, to iise headi1188 in tlic Stalemenl OL. E,iiiancial A¢tivitie8, Lhat ure applicable to thcir specific activity, rather than reporting on an activity basis b) IiicaIiic All incoming resoiwces are iiicluded in the Staieinent of Financiiil Aclivilies when Ihe charity is L'ntitled to dic incoinc and the amount Lan be quantificd witli accuracy, enditure Expcnses are charged in the financial statements in thc ycar to whÈch the liability relates. Clitti'itable cxprii(Jilure Lornprises tliose costs incurred by tlie Charily in the delivery ot- tlie activitiL's and scrviccs for ils beneficiaiies. It iiicliides: both costs thiiL can be <ill(?L<tted directly to siich activities and tliosc costs ol. an iiidirect nalui'c, necessary to support ilicm. d) Pund Accountin Details <ind the naturc of each fund are set below- Unrestrlcted Funds comprise thoge fiinds whic.h the Trustee.q are free to use in accordance with the ch(Uitab5e objects. Resti'iclod Funds represent those a8,%ets that miist be held pemianently by the cliiil-ity. OFFICIAL
Farm Park Notes forming part of t,he Financial Statements for the year ending 31 March 2024 { cont'dl Incoinin Resources 2024 2023 Other Income- giound rent Birmingham City Coiincil Funding 100 29,033 100 28,098 Resources Ex ended 2024 2023 Siipplies and Serviccs LxtL'mal Review Costs rinancial services provided by BCC 29,13.3 28,198 Rcmuncration and F.x Noiie of the TrLiSteeq receive rcmiiiieratioii oi. other benefits froin the Cliarily or reimburseinent foi- any expcnses incun'ed on belialf of thc ClidriLy, (2023: £Nil). Reserves At l April 2023 Incoming Resources Outgoing Revaluation Resources At 31 .Ilarch 2024 LTnrestricted rcserves Rcstricted reserves 29,133 (29.133) FuRids 29,133 io OFFICIAL