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 t1￿￿te2S, 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