CHARITY REGISTRATION NUMBER: 507587
Castle Park Trust
Unaudited Financial Statements
31 March 2024
AGP
Chartered Accountants
Sycamore House
Sutton Quays Business Park
Sutton Weaver
Runcorn
Cheshire
WA7 3EH

Castle Park Trust
Financial Ststements
Year ended 31 March 2024
Page
Trustee's annual report
Independent examinerfs report to the trustee
Statement of financial activities
Statement of financial position
Notes to the financial statements

Castle Park Trust
Trustee's Annual Report
Year ended 31 March 2024
The trustee presents his report and the unaudited financial statements of the charity for the year ended
31 March 2024.
Reference and admlnlstrative details
Registered charity name
Castle Park Trust
Charity reglstration number
507587
Prlnclpal office
The Portal
Wellinglon Road
Ellesmere Port
CH65 OBA
The trustee
Cheshire West and Chester
Council, which comprises 70
Members, none of whom are
remunerated by the charity.
Independent examiner
Rachel Palombella FCA
AGP Chartered Accountants
Sycamore House
Sutton Quays Business Park
Sutton Weaver
Runcorn
Cheshire
WA7 3EH
Sollcltors
Cheshire W8St and Chester Council Solicitors
Bank
Lloyds Bank PLC Ihrough Cheshire West and Chester Council

Castle Park Trust
Trustee's Annual Report (continued)
Year ended 31 March 2024
Structure, governance and management
The Charity is administered under a'scheme" approved by the Charity Commissioners for England and
Wales.
During 2023-24 the day to day operation of the Charity was administered by an Executive Management
Committee comprising of Councillors from the wards local to Castle Park, namely..
Frodsham (2 representatives)
Helsby
Sandston8
The Members of the Committee may also include other organisalions which use the park or are closely
associated with the park to send representatives to the Executive Committee meetings in a non-voting
capacity. Organisations represented in 2023-24 include Frodsham Town Council and Castle Park Arts
Centre Trust.
The "House" and "Grounds are managed in accordance with two Service Level Agreements (SLA'S)
between the Trust (Owner) and Cheshire West and Chester Council {Provider}.
The "House" SLA provides for the Council to manage the building on behalf of the Trust and account
for any rental income from licences and lellings after Ihe deduction of management. maintenance,
insurance, and administration costs.
The "Grounds" SLA allows for the Council to use the grounds and facilities for the provision of ils leisure
function as a Local Authority. In return the Council agrees to maintain the grounds to an agreed standard
al nil cost to the Trust.
Objectlves and activities
The Castle Park Trust, Frodsham Charity (the 'Trust') was established during 1933. The goveming
documents are two trust deeds dated 30 March 1933 as varied by a deed of gift dated 14 April 1934.
The building and park land were given to the former Runcorn Rural District Council in 1933 to hold on
trust for the public benefit of the area. Restrictions under the governing document in force at 31 March
2024 included..
to use the buildings for Council Offices, the advancement of education, a museum, art gallery,
or public library (although they can be leased if there is no requirement for these purposes)
lo use the grounds for an historic park for public use;
only to erect new buildings if they are necessary or desirable to further the objects of the charity,
and do not effect the historic character of the park.
Th8 objects of the Charity are..
The use of the buildings known as Castle Park House and outbuilding for..
Council offices for the purposes of the Council as Local Authority and the inhabitants of the area
of benefit (the adminislralive area of Cheshire Wesl and Chester Council)-
the advancement of the education of the inhabitants of the area of benefit-
a museum, art gallery or public library.,
the use of the remaining land and buildings as a public park for the benefit of inhabitants of the
area.
Whilst daily adrnission for the public lo the park is generally free, the Trust may allow the park to be
used for special events from time to time for which a charge may be made.
When Tnaking such decisions upon the use ofthe Trust's buildings and grounds. consideration has been
given to the Charity Commission's public benefit guidance where this guidance is relevant.

Castle Park Trust
Trustee's Annual Report (¢onlinued)
Year ended 31 March 2024
Achievements and performance
Facilities available at Castle Park include office accommodation and an arts centre. External facilities
include landscaped gardens, a café, bowling greens and tennis courts.
Flnancial review
The Trust's principal source of funding is from the letting of office space within the "House" and during
2023-24 the Trust received £136,1141£128,3741 in rental, licenses and other property related income.
The Trust also received investment income of £21,2871£9,222).
The Trust incurred expenditur8 of £113,7781£109,4961 in respect of the maintenance and administration
of the "House"
It is also relevant to note that a further amount of £2,683 has been Iransferred lo the permanent
endowment in accordance with the Charity Commission agreement to re-instate the £161,000
contribution made in 2005-06 from this fund towards the cost of the refurbishment of the house.
A sum of £15,000 has been transferred into the capital works fund to be used to finance future major
property refurbishment and replacement costs. The balance contained in the capital reserve continues
to be available a5 an unrestricted fund.
The valuation of Castle Park House at the end of 2023-24 was £436,240 (£433,100) and so tangible
fixed assets hav8 increased by £3,140.
Overall net incoming resources for the year were £43,623 {£28.100) giving tolal cash backed reserves
carried forward of £461,4231£417,800).
ReseNes Pollcy
The Charity's reserves of £461,423 {excluding those funds tied up in property) are represented by the
residual sale proceeds of 63 Park Lane (permanent endowment), the expendable endowment fund, and
an Unrestricted Income fund. The Unrestricted Fund has been splil between a General Fund which is
available to fund any aspect of expenditure and a capital works fund which is set aside to fund future
repairs and maintenanGe costs on the premises. These reserves are considered sufficient to meet the
on-going needs of the charily.
Investment Policy
The Charity's policy is for Cheshire West and Chester Council to invest all reserves in line with ils own
Annual Investment Strategy, which gives priority to the se¢urily and liquidity of investments rather than
to their yield. The return achieved on investments in 2023-24 was 4.950/0.
Risk Review
The activities and property of the charity form part of Cheshire West and Chester Council's ongoing
corporate rtsk management arrangements and are considered within the Trust'5 business planning
process.
The Trust will continue to work with the Council to ensure that its risks are given due proTninence within
the Council's corporate risk and asset management processes, and Trust assets do not suffer significant
detriment through unreasonable actions or inactions.

Castle Park Trust
Trustee's Annual Report (contlnued)
Year ended 31 March 2024
Plans for future periods
The charity plans lo continue to provide the activities and facilities outlined in "Objectives and Activities"
and "Achievements and Performance"
Trustees
The Trustees of the Trust as al 31 March 2024 are detailed on Page 1.
The trustee's annual report was approved on
trustees by..
and signed on behalf of the board of
Cllr M Garvey
By order of the committee

Castle Park Trust
Independent Examiner's Report to the Trustee of Castle Park Trust
Year ended 31 March 2024
I report to the trustee on my examination of the financial statement5 of Castle Park Trust {'the charity'l
for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustee of the charity you are responsible for the preparation of the financial slatements in
accordance with the requirements of the Charities Act 2011 ('the Act'l.
I report in respect of my examination of the charity's financial statements carried out under section 145
of the 2011 Act and in carrying oul my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(51(bl of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come lo my attention in
connection with the examination giving m8 cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the
Act., or
the financial statements do not accord wlth those records., or
the financial statements do not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a 'true and fairf view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with Ihe examination to which
attention should be drawn In this report in order to enable a proper understanding of the accounts lo be
reached.
Rachel Palombella FCA
AGP Chartered Accountants
Independent Examiner
Sycamore House
Sutton Quays Business Park
Sutton Weaver
Runcorn
Cheshire
WA7 3EH

Castle Park Trust
Statement of Financlal Activitie5
Year ended 31 March 2024
2024
Unrestricted Endowment
funds
funds Total funds Total funds
2023
Note
Income and endowments
Charitable activities
Investment income
136,114
136,114
21,287
128,374
9,222
21,287
Total income
136,114
21,287
157,401
137,596
Expenditure
Expenditure on charstable activities
Total expendlture
113,778
113,778
109,496
113,778
113,778
109,498
Net Income
22.336
21.287
43,623
28.100
Transfers between funds
(2.6831
2,683
Other recognlsed gains and losses
Gainslllosses) on valuation of inveslmenl
property
Net movement in funds
3,140
3,140
18,200
19,653
27,110
46,763
46,300
Reconclllatlon of funds
Total funds brought forward
Total funds carried forward
208,566
642,334
850,900
804,600
228,219
669,444
897.663
850,900
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing aGlivilies.
The notes on pages 8 to 15 fo￿ part of these financial statements.

Castle Park Trust
Statement of Financial Position
31 March 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
12
436,240
433,100
Current assets
Cash at bank and in hand
466,375
419,271
Credltors: amounts falling due withln one year
Net current assets
13
4,952
1,471
417,800
850,900
461,423
Total assets less current Ilabllltles
897,663
Funds of the charity
Endowment funds..
Permanent endowment fund5
Expendable endowrnent funds
Unrestricted funds
502,807
166,637
228,219
496,984
145,350
208,566
Total charlty funds
14
897,663
850,900
These financial statements were approved by the board of trustees and authoris8d for issue on
.WIJul.￿1Itrand are signed on behalf of the board by:
Cllr M Garvey
By order of the committee
The notes on pages 8 to 15 fonn part of these financial statements.

Castle Park Trust
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charity is a public benefit enlily and a registered charity in England and Wales and is
unincorporated. The address of the principal office is The Portal, Wellinglon Road, Ellesmere Port,
CH65 OBA.
statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 IFRS 102) (Charities
SORP (FRS 102)) and the Charitie5 Act 2011.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statement5 are prepared in sterling, which is the functional currency of the entily.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds ar8 unrestricted funds earmarked by the trustee for particular future project or
commitment.
Restricted funds are subjected to reslriclions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one oftwo sub-classes.. restricted income funds or endowment
funds.
Expendable endowment
The balance carried forward on the Expendable Endowment fund is £166,637.

Castle Park Trust
Notes to the Financial Statements (eontinyed)
Year ended 31 March 2024
Accounting pollcies (continued)
Incoming resources
Investment income
Investment income is credited to the account based on the average rate of return on investments
earned by Cheshire West & Chester Council during the financial year. Interest is calculated on the
average balance held by the charity during the year.
Income from charitable activlties
Income from Charltable Activities comprises mainly rent from the letting of rooms within the Castle
Park Building. All lets have been approved by the Charity Commission as required within the
governing doGument,
Revenue recognitlon
All incom8 included in the Financial Statements has been accounted for on an accruals basis and
relates to the financial year 1 st April 2023 to 31 st March 2024.
Resources expended
Dlrect Charltable expendlture
The governing document requires the maintenance and preservation of the Castle Park Building.
The costs of maintenance and preservation are recorded as "Direct Charitable Expendlture"
Tanglble assets
Tangible assets are initially recorded al cost, and subsequently stated at C05t less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded
at the fair value al the date of revaluation less any subsequent accumulated deprecialian and
subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recogni5ed in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the slatement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicator5 exist. Where the carrying value exceeds the
recoverable amount, the a55et is impaired accordingly. Prior impairments are also reviewed for
possible reversal al each reporting dale.
For the purposes of impaiment testing, when il is not possible to estimate the recoverable amount
of an individual asset, an estimate 15 made of the recoverable amount of the cash-generaling unit
to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets
that includes the asset and generates cash inftows that largely independent of the cash inflows
from other assets or groups of assets.

Castle Park Trust
Notes to the Financial Statements fcontinued}
Year ended 31 March 2024
Accountlng policies (continu8d)
Impairment of fixed assets {contlnuedJ
For irnpairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition dale, allocated to each of the cash-generating units that are expected to benefit from
the synergies of Ihe combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial Instruments
The charity only has financial assets and financial liabilities of a klnd that qualify as basic financial
instruments.
Basic financial instruments are initially re¢ognised al transaction value and
subsequently measured 81 their settlement value with the exception of banks loans which are
subsequently measured at amortised cost using the effective interest method.
Debtors
Trade and other debtors are recognised al the settlement amount due after any trade discounts
offered.
Creditors and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting from
a past event that will probably result in the transfer of funds to a third party and the amount due to
settle the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement arnounl after allowing for any trade discounts due.
Charltable actlvltles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Rent income
Ice cream licence and cafe income
Front of house funding
Other contributions
102,914
9,000
22,000
2,200
102,914
9,000
22,000
2,200
96,998
7,376
22,000
2,000
96,998
7.376
22,000
2,000
136,114
136,114
128.374
128,374
Investment income
Endowment Total Funds Endowment Total Funds
Funds
2024
Funds
2023
Bank interest receivable
21,287
21,287
9,222
9,222
10

Castle Park Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Expenditure on charitable activities by fund type
Unrestricled Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Maintenance and preservation of
Castle Park building and grounds
Support costs
88,599
25,179
88,599
25,179
113,778
78.736
30,760
78,736
30,760
113,778
109.496
109,496
Expenditure on charltable actlvltles by actlvlty type
Activities
undertaken
directly
Support Total funds
Gosts
2024
Total fund
2023
Maintenance and preservation of
Castle Park building and grounds
Governance costs
88,599
24,029
1,150
112,628
1,150
108,396
1,100
88,599
25,179
113,778
109,496
Analysis of support costs
Support
¢0515 Total 2024 Total 2023
Premises
Governance costs
Legal, professional and admin fees
2,287
1,150
21,742
25,179
2,287
1,150
21,742
4,246
1,100
25,414
25,179
30,760
Independent examlnatlon fees
2024
2023
Fees payable lo the Independenl examiner for..
Independent examination of the financial statements
1,150
1,100
10. Staff costs
No salaries or wages have been paid to employees, including members of the committee, during
the year.
11. Trustee remuneratlon and expenses
No remuneration or expenses were paid to trustees during the current or previous year.
11

Castle Park Trust
Notes to the Financial Statements (eontinued)
Year ended 31 March 2024
12. Tangible flxed assets
Land and
buildings
Cost
At 1 April 2023
Revaluations
433,100
3,140
At 31 March 2024
436,240
Depreciation
At 1 April 2023 and 31 March 2024
Carrylng amount
At 31 March 2024
436,240
Al 31 March 2023
433,100
Property revaluations
The building has been valued on an open market (existing use) basis by Cheshire West & Chester
Councils Eslales Officer in accordance with the Slalemenls of Asset Valuation Principles and
Guidance Notes issued by the Royal Institution of Chartered Surveyors IRICSI. The basis of
valuation does not require the asset lo be depreciated and reflects the fact that under the lerms of
the Trust deed it cannot be sold. Any such depreciation would be immaterial. The last valuation
was completed to reflect the value at 31sl March 2024 and was increased by £3,140 compared to
31st March 2023.
13. Credltors: amounts falllng due wlthln one year
2024
2023
Other creditors
4.952
1,471
12

Castle Park Trust
Notes to the Financial Statements (contlntsed)
Year ended 31 March 2024
14. Analysis of charltable funds
Unrestricted funds
Gains and
At
losses 31 Mar 24
At1Apr23
Income Expenditure
Transfers
General fund5
Designated Fund
11,081
197,485
136,114
1113,778) 117,683)
15,000
15,734
212,485
208,566
136,114
(113,778)
(2,683)
228,219
Gains and
At
losses 31 Mar 23
At1Apr22
Income Expendlture
Transfers
General funds
Designated Fund
10,603
181,768
128,374
(105,2131 {22,6831
14,2831
20,000
1109,496)
11,081
197,485
192,371
128,374
{2,683)
208,566
Transfer5 between funds
Since 2012-13 a designated fund has existed against the need to finance future major capital works
and lifecycle replacement costs. This fund will receive regular annual contributions from the
unrestricted general fund and in years where significant costs are incurred, balances will be
released to finance these costs.
13

Castle Park Trust
Notes to the Financial Statements fcontinued)
Year ended 31 March 2024
14. Analysls of Gharltable funds fcontinuÈd)
Endowment funds
Gains and
At
losses 31 Mar 24
At1Apr23
Income Expenditure
Transfers
Permanent
endowment -
Permanent
endowment fund
Expendable
endowment -
Investment
income
496,984
2,683
3,140
502,807
145,350
21,287
166,637
669,444
642,334
21,287
2,683
3,140
Gains and
At
losses 31 Mar 23
A11Apr22
Income Expenditure
Transfers
Permanent
endowment -
Permanent
endowment fund
Expendable
endowment -
Investment
income
476,101
2,683
18,200
496,984
136,128
9,222
145.350
612,229
9,222
2,683
18,200
642,334
The Pemianent endowment fund is comprised of the following..
Castle Park Building
Residual sale proceeds of 63 Park Lane
Annual contribution towards re-instatement of Permanent Endowment.
The building and park land were given to the former Runcorn District Council in 1933 to hold on
trust for the public benefit of the area. Restrictions under the governing document in force at 31
March 2024 included..
to use the buildings for Council Offices, the advancement of education, a museum, art gallery or
public library (although they can be leased if there is no requirement for these purposes);
to use the grounds for an historic park for public use.,
only lo erect new buildings if they are necessary or desirable to further the objects of the charity,
and do not effect the historic character of the park.
14

Castle Park Trust
Notes to the Financial Statements (¢ontlnued)
Year ended 31 March 2024
15. Analysis of net assets belween funds
Unrestricted Endowment Total Funds
Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
436,240
233,204
436,240
466,375
14,952)
897,663
233,171
14,9521
228,219
669,444
Unrestricted Endowment Total Funds
Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
433,100
209,234
433,100
419,271
(1,4711
850,900
210,037
(1,471)
208,566
642.334
16. Related parties
The SORP requires that information in respect of material transactions with related parties be
disclosed. In 2023-24 Cheshire West and Chest8r Council made the following paymen15 to Castle
Park Trust.. rent of £13,806, £22,000 in lieu of providing a front of house service. A maintained
school paid rent to the value of £41,500 and service charge of £1,219. Similarly, the Trust pald
Cheshire West and Chester Council £19,861 in respect of management and legal fees. Frodsham
Town Council paid rent of £5,100 to the Trust.
15