Hope Park Charltsble Trust
Report of the Directors and Trustees
and Flnancial Statements for the year ended
31 March 2025
Keswick
ACCOUNTANTS

Hope Park Charitable Trust
Index to the FinancSal Statements
for the year ended
31 March 2025
Page
Charity Information
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities
Statement of Financial Activities Comparative
Balance Sheet
Notes to the Financial Statements

Hope Park Charitable Trust
Charity Infomiation
for the year ended
31 March 2025
DIRECTORS
AND
TRUSTEES:
Cllr A L Dunn
Cllr N Evans
Cllr S Harwood
Cllr C J Houghton
Cllr C M Houghton
Cllr D J T Kemp
Cllr B R Lapthorn
Cllr J Murray
Cllr R Nelson
Cllr C Peat
Cllr R Scott
Cllr L J Taylor
CHIEF EXECUTIVE OFFICER".
Miss Vivien Little
BUSINESS ADDRESS
50 Main Street
Keswick
Cumbria
CA12 5JS
CHARITY NUMBER:
503465
ACCOUNTANT AND
INDEPENDENT EXAMINER
Frances Clark ACA
Keswick Accountants
Appleside
4 Leonard Street
Keswick
Cumbria
CA12 4EJ
Page 1

Hope Park Charitable Trust
Report of the Trustees
for the year ended
31 March 2025
The Trustees present their report together with the financial statements of the Charity for the year
ended 31 March 2025.
The accounts have been prepared in accordance with the Charities Act 2011, and the Accounting
and Reporting by Charities= Statement of Recommended Practice (SORP) applicable to Charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2015).
Governing Document
The Hope Park Trust is a charitable Trust governed by a trust Deed dated 10 June 1974.
Objectives
The provision and maintenance of a public park and recreation ground for use of the inhabitants
of, and visitors to, the town of Keswick without the distinction of political, religious or other
opinions, with the object of improving the conditions of life for the said inhabitants.
Trustees
The Trustees who acted during the period were as follows..
CllrA L Dunn
Cllr N Evans - co-opted November 2024
Cllr S Harwood
Cllr C J Houghton
Cllr C M Houghton
Cllr D J T Kemp
Cllr S Lansbury- resigned September 2024
Cllr B R Lapthorn
Cllr J Murray
Cllr R Nelson
Cllr T M Parsons- resigned January 2025
Cllr A G Paxon - resigned June 2024
Cllr C Peat- co￿pted July 2024
Cllr R Scott - co-opted March 2025
Cllr L J Taylor
Management Structure
In 1974 Keswi¢k Town Council was conveyed the Park on trust for the people of Keswick. It is
therefore a given that once democratically elected as a Town Councillor, the duty of Trustee forms
part of that role. The recuitment process is therefore according to the Local Government Act
1972., Representation of the People Act 1983 as amended by the Representation of the People
Act 1985, and Local Elections (Parishes and Communities) Rules 1986, amended 1999.
Page 2

Hope Park Charitable Trust
Report of the Trustees, contd.
for the year ended
31 March 2025
Review of the Development. Activities and Achievements of the Charity
During the year the Trust carried on with its objectives of running and maintaining the park for the
benefit of the people of Keswi¢k. The running of the games and refreshment facilities were
provided by a third paty contractor.
Visitors to Hope Park can enjoy magnificent floral displays, putting, pitch and putt, obstacle golf
and boules, visit the bird viewing station, sundial and have a drink or snack in Café Hope in
wonderful surroundings. The Park has plenty seating most of which has been kindly donated in
memory of loved ones.
Hope Park is home to the Max the Miracle Dog statue which provides income to the park, so far
this fund has been used to make improvements to many footpaths, a new handrail for a bridge and
new equipment to keep the park maintained to a high standard. This fund is restricted to
expenditure in Hope Park only.
The Trust has made a number of steps to address climate change including declaring a Climate
Change Emergency. What the Trust have done so far:_
Use only peat free compost
Use glyphosate free weed killer
Gradually introducing more bee friendly plants
Led a campaign asking retailers not to stock disposable BBQS and have prohibited use in our
Parks
Worked with partners to coordinate the control of Balsam
Changed to 1000/0 renewable energy suppliers
Invested the majority of our reserves in Ethical Banks
Replaced petrol equipment with electric as and when they need replacing
Use lower carbon fuel for the remaining petrol equipment
Have a Climate Change Action Plan in place which is regularly updated
- All staff have been given Climate and Carbon Literacy training
A Woodland Path has been introduced to improve accessibility to the Park via grant funding. The
fantastic work undertaken by the Parks and Café staff was acknowledged as they were given well
deserved accolades from Cumbria in Bloom obtaining gold and silver awards.
During the year the old workshop was demolished, a new surface water drain installed along with a
fence to help demark and secure the working area plus prevent members of the public from
entering. New steps were buili between the Ph green and 8th tee box to improve access to the tee
box.
Page 3

Hope Park Charitable Trust
Report of the Trustees, contd.
for the year ended
31 March 2025
Finances
During the year the Trust had net outgoing resources of £82,405 (incoming resources 2024 -
£65,610). The main reason forthe significant difference in comparison with the previous year is the
grant of £110,000 to Fitz Park Trust. When added to brought forward reserves of £846,610, the
closing reserves were £764,205. Of this, £525,214 are fixed assets, including the value of the cafe
and new staff accomodation and equipment. The year end revenue fund balance is £238,991 of
which £84,899 are designated funds and £1,888 are restricted funds.
Trustees and officerrs are currently working on short, medium and long-term plans.
Reserves Pollcy
The Trust has £152,204 of unrestricted revenue reserves. Ideally the level of reserves would
represent 3 months of the previous years running costs which is in the region of £40,000. The totsl
of unrestricted reserves is £677,418 {this includes fixed assets of £525,214). Further reseNes are
held in designated funds, the Building Fund £9,449 and Development & Equipment Fund £31,068.
These funds are held due to unforeseen ¢ircumstan¢es, such as flooding or other natural disaster
to cover uninsurable loses e.g. open space, as well as provision for ongoing improvements and
upgrades of the Trusts equipment and assets (including buildings). The Building Fund is allocated
to Hope Park only whereas the Development and Equipment Fund can be used in either Hope or
Fitz Park, the funds are 'topped up, annually from the previous years profit, no cap has been set for
these funds although this may be addressed during the short, medium and long term planning
exercise.
Investment Policy
The building fund and development and equipment fund earn interest during the year, along with
any reserves held. As part of addressing climate change the Trust decided to invest some
unrestricted reserves into Ethical Banks (CCLA & Unity Bank) earning a higher rate in interest.
Risk Assessment
An annual risk assessment is Carried out identrfying insurance and other risks, current
arrangements for managing these and any other action required. Insurances are put in place
where possible to mitigale any financial losses.
ON BEHALF OF THE TRUSTEES
Page 4

Hope Park Charitable Trust
Independent Examiners Report
for the year ended 31 March 2025
I report on the accounts for the Trust for the year ended 31 March 2025 which are set out on pages 5 -
13.
Respective responsibilities of trustees and examlner
The charity's trustees are responsible for the preparation of the accounts. The charitls trustees
consider that an audit is not required for this year, under section 144(2) of the Charities Act 2011 (the
2011 Act}, and that an independent examiners report is needed.
It is my responsibility to-
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Chariiy
Commission under section 145(5)(b) of the 2011 Act., and
- to state whether particular matters have come to my attention.
Basis of independent examiners report
My examination was carried out in accordance with the General Directions given by the Charity
Commissioners. An examination includes a review of accounting records kept by the charity and a
comparison of the accounts presented with these records. It also includes consideration of any unusual
items or disclosures in the accounts, and seeking explanations from you as trustees concerning any
such matters. The procedures undertaken do not provide all the evidence that would be required in an
audit and, consequently, I do not express an audit opinion on the view given by the accounts.
Independent examiners. statement
In connection with my examination, no matter has come to my attention=
(1) which gives me reasonable cause to believe that, in any materral respect, the requirements to..
keep accounting records in accordance with s130 of the 2011 Act,. and
to prepare accounts which accord with the accounting records and to comply with
the accounting requirements of the 2011 Act
have not been met.,
or
{2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
Frances Clark ACA
Keswick Accountants
Appleside
4 Leonard Street
Keswick
Cumbria CA12 4EJ
Page 5

Hope Park Charitable Trust
Statement of Financlal Activities
for the year ended
31 March 2025
31 March 2025
Notes Restricted Unrestrided Designated Total
Funds
Funds
Funds
31 March 2024
Total
INCOME
Donations and legacies
Donations and gifts
Legacies receivable
Grants receivable
266
4.277
1,040
4,543
1,040
9,140
1.577
1,073
Other Trading Activities
205.243
205,243
197.509
Income from investments
7.511
7,511
3,350
Total income
213.020
5.317 218,337
212,649
EXPENDITURE
Expenditure on charitable activities
305
296,317
4,120 300,742
147.039
Total expendlture
305
296.317
4,120 300,742
147,039
Net incoming l (outgoing) resources
1305) 183.297)
1,197 (82,4051
65,610
Net movement in funds
13051 183,297}
1.197 {82,4051
65.610
Total funds brought fotward
2.193
726.100
118,317 846,610
781.000
Transfers between funds
34.615
{34.6151
Total funds carrled forward
15
1.888
677,418
84,899 764,205
846.610
Funds carried forward as follows:.
Revenue Funds
Fixed Asset Funds
1,888
152,204
525.214
677N18
84,899 238.991
525,214
84,899 764,205
328.343
518,267
846.610
1.888
The notes form part of these financial statements
Page 6

Hope Park Charitable Trust
Statement of Financial Activities
Comparative
31 March 2024
31 March 2024
Restricted Unrestricted Designated Total
Funds
Funds
Funds
INCOME
Donations and legacies
Donations and gifts
Legacies receivable
Grants receivable
489
8,651
1,577
9,140
1,577
1,073
1,073
Income from charitable activities
Primary Purpose Trading
197,509
197,509
Income from investments
3,264
86
3,350
Totsl income
1,073
201,262
10,314 212,649
EXPENDITURE
Expenditure on charitable activities
1,263
145,728
48 147,039
Totsl expenditure
1,263
145,728
48 147,039
Net incoming l (outgoing) resources
(190)
55,534
10,266
65,610
Total funds brought forward
5,333
683,526
92.141 781,000
Transfers be￿een funds
(2,950) (12,960)
15,910
Total funds carried fonNard
2,193
726,100
118.317 846,610
Funds carried forward as follows:.
Revenue Funds
Fixed Asset Funds
2,193
207,833
518,267
726,100
118,317 328,343
518,267
118,317 846,610
2,193
The notes fomi part of these financial statements
Page 7

Hope Park Charltable Trust
Balance Sheet
asat
31 March 2025
Notes
31 March 2025
31 March 2024
Fixed Assets
Tangible fixed assets
12
525,214
518,267
525,214
518,267
Current Assets
Debtors
Cash at bank and in hand
13
145
290,693
53
369,358
290,838
369,411
Creditors: amounts falling due within one year
Creditors and accruals
14
51,847
41,068
Net Current Assets
238,991
328,343
Total Assets less Current Liabilities
764,205
846,610
NET ASSETS
764,205
846,610
Funds
Restricted funds
Unrestrided funds
Designated funds
15
1,888
677,418
84,899
2,193
726,100
118,317
16
764.205
848,610
As Approved on:
"T44 ?teS
By:
Page 8

Hope Park Charitablg Trust
Notes to the Financial Ststsments
for the year ended
31 March 2025
1 Accountlng Policies
General
The financial statements have been prepared in accordance with Accounting and Reporting by charit￿S..
Statement of Recommended Practice applicable to charities in P￿paring their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January
20151- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021. The charity meets the definition ol a public benefit entity under FRS102. Assets and
liabilities are initially recognised at histOTical cost or transaction value unless otherwise stated in the relevant
accounting policy note Is).
Tangible Fixed Assets and Depreciation
All tangible fixed assets are stated at cost less depreciation. Freehold land and buildings are maintained in a
good slate of repair and in the opinion of the Trustees the realisable value of the land and buildings is not less
than the book value. Consequentty no depreciation has been provided on freehold land and buildings. All
other assets are depreciated at the following rales'.-
Vehicles. planl and machinery- 20Vo reducing balance
Income
Income is accounted for on a re￿[Vable basis. Where income is received for a specific purpose, as defined by
the donor, this income is classed as restricted. Income received towards the general objects of the charity is
lassed as unrestricted.
Expenditure
Expenditure is accounted for on an accruals basis. Where it relates to a specific project it is allocated lo that
project as restiicted expenditure. Expenditure that relates lo the objects of the charity is classified as
charitable activities. Any legal or professional costs are classified as governance costs. The costs of
generating funds are separately indentified.
Funds
General funds are those where no reslriclions have been placed upon the speerfic spending of the funds by the
donor. Designated funds are those funds where the directors have ehosen to eamiark general funds for
specfic purpose. Restricted funds are those funds where the donation is received for a specific purpose as set
out by the donor.
2 Payment to Accountants
The payment to the accounts included in the expenditure is split as follows-
2025
2024
Payment for preparation of accounts
Payment for Independent Examination
590
340
930
575
325
900
Page 9

Hope Park Charitsble Trust
Notes to the Financial Statements
for the year ended
31 March 2025
31 March 2025
Restricted Unrestricted Designated Total 31 March 2024
3 Donations and gifts
Donations
266
266
9,140
4 Legacles receivable
Memorial Seats
1,040
1,040
1,040
1,040
1,577
1.577
S Grants recelvable
Cumbria County Council
1,073
1,073
6 Other trading activities
License fee and rent
Squirrel I bird feeding station income
Sale of assets I scrap
Hire of park
204,068
312
113
750
20S,243
204,068
312
113
750
205,243
196,030
397
135
947
197,509
7 Investment income
Bank interest received
7,511
7,511
7.511
7.511
3,350
3,350
8 Charitable activities
Grant to Fitz Park
Staff costs and uniforms
KTC recharge of admin cos1¢ (see note 91
Health and safety costs
Telephone
Web. internet and computer
Golf equipment and tools
Motor vehicle expenses
Contingency
Water rates and trade refuse
Insurance
Repairs and maintenance
Climate change costs
Light and heat
Plant production, trees and bird feed
Memorial seats and plaques
Materials
Equipment costs
Max statue expenditure
Woodland walk expeniture
Sign5 expense
Development C05ts
Building fund expenditure
Depreciation
Plant and machinery
Fixtures and Fittings
Motor Vehicles
Office Equipment
Loss I IProfftl on disposal of fixed assets
Independent Examiners Fee
110,000
88,045
29.831
351
488
898
779
3.812
2.436
1.770
3.761
12.563
361
110.000
88.045
29.831
351
488
898
779
3,812
2,436
1,770
3,761
12,563
361
842
7,476
120
1,185
61.642
28.239
441
463
1,379
439
3,807
1,237
3,419
13,867
628
3,718
6,856
48
1.309
1,073
7,476
120
1,185
3.000
3.000
305
20
1,000
18,070
305
190
400
1,000
20
1,000
18,070
9,646
1.148
7,731
131
15,957}
930
296,317
9.646
1.148
7,731
131
(5,9571
930
4,120 300,742
5.809
1.283
9,664
164
19361
900
147,039
305
Page 10

Hope Park Charitable Trust
Notes to the Flnancial Statements
for the year ended
31 March 2025
9 Breakdown of Keswl¢k Town Council Recharyes
31 March 2025
31 March 2024
Salaries, National insurance and Pension
Pension to Former Employee
Staff Expenses
Payroll Outsource Costs
Rent
Building Setvice Costs
Insurance
Repairs
Subscriptions
Stationery and Printing
Postage
Photocopier Lease and Charges
Computer Maintenance
Website and Internet Costs
Telephone
Health and Safety
Office Equipment and Fitting5
Council Chamber Expenditure
Conferences l Training
24,319
337
41
48
1,414
1,280
166
47
201
129
43
365
795
250
146
20
16
27
185
29,829
22,484
313
33
1.414
1,564
178
129
214
137
67
328
671
232
239
24
159
28.239
10 Employee Remuneration
Staff costs and uniforms
31 March 2025
31 March 2024
Gross salaries
Other staff and recruitment costs
Training and workwear
85,623
204
2,218
88,045
59,715
1,481
61,642
No employee earned £60,000 or more.
The average number of stsff employed by the trust during the year was as follows..
31 March 2025
No.
31 March 2024
Staff numbers
Gardeners and groundsmen
Administration
2.70
0.40
3.10
2.70
3.10
11 Trustse Remuneratlon and Expenses
No remuneration directly or indirectly out of the funds of the charity was paid or
payable for the year to any trustee or to any person or persons known to be connected
with any of them.
No reimbursement of expenses has been made or is due to be made to any of the
trustees in respect of the year.
Page 11

Hope Park Charltable Trust
Notes to the Financial Ststements
for the year ended
31 March 2025
12 Tangible Fixed Assets
Land and
Buildings
Plant and Fixtures and
Machinery
Fittings
Motor
Vehicles
Total
COST
At
1 April 2024
Additions
Disposals
At 31 March 2025
450,589
56,795
28,541
12,734
72,602
30,113
605
64,600
602.097
29,146
{12,734)
618,509
450.589
30,718
64,600
DEPRECIATION
At
1 April 2024
Charge for year
Eliminated on disposal<
At 31 March 2025
32,905
9,777
(9,191)
33,491
24,980
1,148
25,945
7,731
83,830
18,656
(9,191}
93,295
26,128
33,676
NET BOOK VALUE
At 31 March 2025
450,589
39,111
4,590
30,924
525,214
At 31 March 2024
450,589
23,890
5,133
38,655
518,267
13 Debtors
31 March 2025
31 March 2024
Other debtors
145
145
53
53
14 Creditors: amounts falling due within one year
31 March 2025
31 March 2024
Trade creditors
HP Liability
Other taxation & social security
Accruals
Owed to
6.501
2,358
60
15,017
30,269
51,847
60
8,311
30,339
41,068
Page 12

Hope Park Charltable Trust
Notes to the Flnancial Statements
for the year ended
31 March 2025
15 Funds
At
Incoming Outgoing
At
1 April 2024 Resources Resources Transfers 31 March 2025
Restrlcted Funds
CCC Woodland Walk
2,193
{3051
1,888
2,193
{3051
1.888
At
Incoming Outgoing
At
1 April 2024 Resources Resources Transfers 31 March 2025
Designated Funds
Building Fund
26.519
(17,070)
9.449
Equipment and Development Fund
42,508
(1,0001 (10,440)
31,068
Memorial Seats and Trees
2,118
1,040
(1201
(6051
2,433
Max Statue Fund
47,172
4,277
(3,0001 (6.500)
41,949
118,317
5,317
(4.1201 (34.615)
84.899
Note.. the transfers from Memorial Seats and Trees to the general reseNes are to cover the cost of
fixed asset purchases to be met by those funds, that have been added to the general reserves.
Funds Comparative Year Ended 31 March 2024
At
Incoming Outgoing
At
1 April 2023 Resources Resources Transfers 31 March 2024
Restricted Funds
CCC Woodland Walk
5,333
(1901 {2,9501
2,193
CCC Bike Rack
1.073
{1.0731
5.333
1.073
1,263
2.950
2.193
At
Incoming Outgoing
At
1 April 2023 Resources Resources Transfers 31 March 2024
Designated Funds
Building Fund
15,519
11.000
26,519
Equipment and Development Fund
33,722
8.700
42,508
Memorial Seats and Trees
4.379
1,577
148) 13.790)
2,118
Max Statue Fund
38,521
8,851
47.172
92,141
10,314
48
15.910
118.317
Page13

Hope Park Charitable Trust
Notes to the Financial Statements
for the year ended
31 March 2025
16 Net Assets by fund
Restricted Unrestricted Designated
Total
Tangible fixed assets
Current assets
Creditors.. amounts falling due
within one year
525,214
204,051
{51,847)
525,214
290.838
(51,847)
1,888
84,899
Total net assets
1,888
677,418
84,899
764,205
Net Assets by fund Comparative Year Ended 31 March 2024
Restricted Unrestricted Designated
Total
Tangible fixed assets
Current assets
Creditors.. amounts falling due
within one year
518,267
248,901
(41,068)
518,267
369,411
(41,068)
2,193
118,317
Total net assets
2,193
726,100
118,317
846,610
Page 14