Filz Park Charitsble Trust
Report of the Directors and Twstees
and Financial Statements lor the year ended
31 March 2(Y24
Keswick
ACCOUNTANTS

Filz Park Charltabl• Trust
Index to the Financlal Slatemenls
for the year ended
31 March 2024
Page
Charity Information
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities
Statement of Financial Actimties Comparative
Balance Sheet
Notes to Ihe Financial Statements
9 -15

Fitz Park Charitable Trust
Charity Infomiation
lor the year ended
31 March 2024
DIRECTORS
AND
TRUSTEES:
Cllr A L Dunn
Cllr S Harwood
Cllr C J Houghlon
Cllr C M Houghlon
Cllr D J T Kemp
Cllr S Lanstxjry
Cllr B R Lapthom
Cllr J Murray
Cllr R Nelson
Cllr T bA Parsorns
Cllr A G Paxon
Cllr L J Ta￿or
CHIEF EXECUTIVE OFFICER:
Miss Vivien Little
BUSINESS ADDRESS
50 Main Street
Keswick
Cumbria
CA12 &JS
CHARITY NUMBER:
520327
ACCOUNTANT AND
INDEPENDEKf EXAMINER
Frances Clark ACA
Keswick Accountants
Appleside
4 Leonard Street
Keswick
Cumbria
CA12 4EJ
Page 1

Fltz Park Charltable Trust
Report of the Trustees
for Ihe year ended
31 March 2024
The Trustees present their report together with the finaKial staiements of the Charity for the year
ended 31 March 2024.
The account5 have been prepared in accordance wth the Charities Act 2011, and the Accounting
and Reporting by Charities: Statemenl of Recorrtmended Practice (SORP) a[￿l¢able to charities
preparing their accounts in accordance with the Financial Reporting Slandard applicable in Ihe
UK and Republic ol Ire￿d (FRS 102) (effective 1 January 2015).
Govemlng Document
The Fitz Park Trust is a Charitable Trust governed by a Trust Deed. The Trust was established in
1882 covering 28 acres of parkland in central Keswick adjoining the river Greta. A new scheme
was drawn up in 1995 and the management ol the Park is now the responsibility of Keswick Town
Council as sole Trustee.
Objectlves
The provision and maintenance of a public parl( arKJ recrealion grou￿1 for use of the inhabitants
of, and visitors to, the town of Keswick without the distinction of political, religious or olher
opinions. with the object of improving ihe conditions of lrfe for the said inhabrtants.
Trustees
The Trustees who acted during the period were as follows:
Cllr D S Burn - end of term May 2023
Cllr A Daniels - end ofterm May 2023
Cllr A B Dunn - end of temi May 2023
Cllr A L Dunn
Cllr S Harwood
Cllr C J Houghton - elected May 2023
Cllr C M Houghton - elecled May 2023
Cllr D J T Kemp- elected May 2023
Cllr S Lansbury
Cllr B R Lapthom - elected May 2023
Cllr A Lywood - end of terrn May 2023
Cllr D Miller - end of term May 2023
Cllr J Murray
Cllr R Nelson - elected May 2023
Cllr T M Parsons - elected May 2023
Cllr A G Paxon
Cllr L J Taylor - elected May 2023
Cllr P C Titley - end of tenn May 2023
Cllr P Walter - end of term May 2023
Management Structure
In 1995 Keswick Town Council was conveyed the Park on trust for the people of Keswck. It is
therefore a given thal once democratically elected as a Tobvn Councillor, the duty of Truslee
foms part of that role. The recuitmenl process is Iherefore according to the Local Government
Act 1972. Representation of the People Act 1983 as amendeLI by the Representation of Ihe
People Act 1985. and Local Elections (Parishes and Communities) Rules 1986, amended 1999.
Page 2

Fltz Park Charllable Trust
Report of th8 Truslees. contd.
for the year ended
31 March 2024
Review of the Developmenl, Actlvttles and Achleven*nts of the Charity
During thg year the Trust carried on its objeclives of running and mairltaining the parf( for tha benefit of
tha people of Keswick.
Fitz Park is splrt into two areas and is home to the I￿al lootball, bowling. cricket. athletics. tennis and Croquet
cILJbs. At Upwr Fitz Parf(, public tennis, bowling and putbng is available during the summer season together
with relreshmenls from Calé HNW year-round. The Trust also introduced the aLklitional activity of table
tennis to Uppar Fitz Part( this year. Lower Fitr Park contains a Iloodlit mutl use games area with pitches lor
5 and 7 asida football, tennis and basketball area and is also available lor infomial community use or pre-
booked activity sessions. Lower Fitr Park also contains an award-winning destinab.on play area providing
equipmenl for different age ranges, an outdoor gym and pump track. It is also home of tha Towns Junior
Park run.
Much needed income is gain8d from Crosthwaite Road Car Park, this is managed by a thY&paty provider.
with all profits remaining with the TrusL
The Trust has made a number ol steps to address clirnate change including d&laring a Climatg Change
Em8rgency. What the Trusl have done so far.'_
Use only peat Iree compost
Use glyphosate free weed ￿ller
Gradually inlroducing more bee friendly plants
Led a campaign asking relailers not to stock disposable BBQS and have prohibf(ed use in our Paths
- Worked wtth partners to coordinate the control of Balsam
Changed to 1 OOYO renewable energy suppliers
Invested the rnajority of our reserves in Ethical Banks
- Replaced petrol equipm8nt wth electric as and when need replacing
Use lower carbon fuel for the remaining pètrol equipment
- Have a Climate Change Action Plan in pla￿ which is regularly updat￿j
- All staff have been given Climate and Car￿n Literacy training
Introducing a bug hotel to Upper Fitz Park
- Planted many treés in an area named Elizabeth's woc*J
Footyath improvomgnts have laken place during the year with more planrEd in luiure years and a bike rad(
has been installed via grant funding. The area known as the top circle has been uroraded which inclu(Jed
'up¢y¢led' sealing made from a tree which had to be taken down in the park The lanlastic work undertaken
by the Parks and Calé staff was acknowledg￿1 as they were given well dese￿ed a¢xolade5 from Cumbria in
Bloom - gold and silver awards for Tourrsm, Small WoLNllaThJ Copse. Biodiversty and King5 Coronation
Feature.
A new workshop and staff premises are currèntly urKler construction with improvements to the cafélgames
building planned for next year.
Page 3

Fltz Park Charilable Trust
Report of the Trustees. cont
for the year ended
31 March 2024
nances
During the year the Trust had nel oirtgoing ￿sOUrCeS of £37.017 (2023 net incoming £43,108). When added
to brought forward reserves of £658,212 the closing r8serves were £621.1g5. Of this, £455:086 are fixed
assets and £166.109 revenue lunds. Of the Revenue funds £7,732 relate to restiicted lunds or projects.
£138,686 is the Sinking Fund whth has b88n set asKle as a designat&J fund. and ihe unreslricled revenue
reserves are £19.691.
Trustees and Oflicers a￿ currendy worfoTr3 on short, mediiwn and long temi plans.
Rese￿8$ Polley
The Trust has unrestricted revenue reserves of £19,691. lthaly the level of reserves WOLrld represenl 3 to 6
months of the previous year's running costs which is irj the region of £55,000 to £110,000. However the
Trust does not hold this level of generd reserves, as a grant is given to the Trust by KeS￿ck Town Council
via the precept from Cumberland Counul. The grant covers Ftlz Paths rumiThJ costs delTrcit and when risk
assessed the likelihood ol trti5 not continuing is very low.
Further reseNes are held in the Sinktng Fu￿1 (designated fund) in casg ol unforeseen circumstances, such
as flooding or other natural disasler lo cover uninsurabl8 loses e.g. open space, a5 well as provision lor
ongoing improvements and up3rades of the Trusts equipment and assets. During the year it was agreed that
Ihe Sinking Fund be capped at a maximuTn of £100.000 with any remaining funds being movecj to the
designated Future Development Fund arKI invested as previously agreed. Ihe profit made by Crosthwaitè
Road Car Park 15 moved annually inlo the Sinking Fund or Future Developmenr Fund.
The totsl ol unrestricled rese￿eS is £474.777 (Ihis includes lixed assets 01 £455,086). DeSignat￿j funds a
held in the sinking fund is £1 00.295 and Future Development Fund £38.391.
InveSth￿nI Policy
The sinkingmulures tund accounl eams interest during the year, along with any resgrves held. As part of
addressing climate changè the Trusl decided io invest some unreslrtcted reserves inlo Ethical Banks ICCLA
& Unity Bank) eaming a higher rate in inieresl.
Rlsk Assessrnenl
An annual risk assessment is carried out identifwng insurance arxl othar risks, current a￿angements lor
managing these and any other action required. Insur&¢es are put in place where possible to mitigate any
financid losses.
ON BEHALF OF THE TRUSTEES
Page 4

Itz Park Charitable Trust
Independenl Examiners Reporl
for the year ended 31 March 2024
I report on the accounts for the Trust for the year e￿ed 31 March 2024 which are set out on pages
5-14.
Respective responsibililies of trust￿ and examiner
The charitls Irustees are responsible for the preparation ol the ac£ounts. The charivs trustees
consider thal an audit is not required for thi5 year. under seclion 144{2) of the Charities Act 2011
(the 2011 Act). and that an indeperKlent examiners report is needed.
It is my responsibilty to=
- examine the accourits under section 145 of the 2011 Act,"
- to follow the procedures laid down in the General Directions given by the Charty
Comrnission under section 145(51(b) of the 2011 Act. and
- to state whether particular matters have come to my attention.
Basls of independent examlners report
My examinalion was carried oul in accordan￿ wilh the General Directions given by the Charty
Commissioners. An examinalion includes a review ol accounting records kepl by the charity and a
omparison of the accounts presented wilh these records. It also includes consideration of any
unusual items or disclosures in Ihe accounts, and seeking explanations from you as trustees
con￿MIng any such mallers. The procedures undertaken do rnt 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 tho accounts.
Independeni examiners. statement
In connection with my examination, no matter has come to my allenlion:
(1) which gives me raasonable cause to believe that. in any materiai respect, thè requirements to:
- keep accounting records in accordance with s130 of the 2011 A¢t' and
- to prepare accounts which accord with the accounling records and to comply with
the accounting requirements of the 2011 Act
have not been met.,
or
(2) to which, in my opinion, attenti)n should be dravm in order to enable a proper understanding ol
the accounts to be reached.
Fran￿S Clark ACA
Keswick Accountants
Appleside
4 Leonard Street
Keswick
Cumbria CA12 4EJ
Page 5

Fltz Park Charitable Trust
statement of Financial Aclivllles
tor the year ended
31 March 2024
31 March 2024
NolLe Restricted unreStr￿ted Designated Total
Funds
31 March 2023
Tot
INCOME
Donations and legacies
Donations and gitts
Legacies re￿1vable
Grants receivable
80
3,240
1.538
1.618
3.240
193.574
7.017
3,507
181.267
193.574
Income from charllable activilies
Other Trading Activities
Income from investments
76.606
1,918
76.606
3.530
65,540
442
1,612
Total income
3.320
273,636
1.612
278,568
257,T13
EXPENDITURE
Expenditure on charitsble activities
3.513
240.803
71.269
315,585
214.665
Total expendilure
3,513
240,803
71.269
315,585
214,665
Net incoming l (outgoing) resources
(193)
32,833 (69,657) {37.017)
43,108
Total funds broughl forward
23.837
481.403 152,972
658.212
615,104
Transfers between funds
(15,912) 139,459)
55,371
Total funds carried forwa
7.732
474.777 138,686
621,195
658.212
Funds carried forward as tollows:.
Revenue Funds
Fixed Asset Funds
7.732
19,691 138,686
166,109
455,086
455,086
474.777 138,686 621,195
199,206
459.006
658,212
7.732
The notes form part of these financial statements
Page 6

Fitz Park Charltable Trusl
Statement of Financial Activities
Comparative
31 March 2023
31 March 2023
Aeslricted Unrestricted Designated Tolal
Funds
INCOME
Donations and legacies
Donations and gffts
Legacies recetvable
Grants receivable
2,759
3.507
1,(M)O
4.258
7,017
3,507
181.267
180.267
Income from charilable activities
Other Trading Actlvllles
Income from inveslments
65,540
101
65,540
341
Total Income
7.266
250,166
341 257,773
EXPENDITURE
Expendilure on charllable activities
3,865
210,8Crf)
214,665
Total expenditure
3,865
210,800
214,665
Nel incomlng l (outgolng) resources
3,401
39,366
341
43,108
Total funds brought forward
23,210
469.627
122,267 615.104
Transfers between funds
12.774) (27.590)
30,364
Total funds carrled forward
23,837
481,403
152.972 658.212
Funds carrled lorward as follows:.
Revenue Funds
Fixed Asset Funds
23,837
22,397 152.972 199.206
459,0
459,006
481,403
152,972 658,212
23.837
Page 7

Filz Park Charilable Trusl
Balance Sheet
asat
31 March 2024
Noles
31 March 2024
31 March 2023
Fixed Assets
Tangibl& fixed assets
455,086
459,006
455.086
Current Assets
Debtors
Cash al bank and in hand
459,006
12
25.719
227.861
26,737
188,754
253.580
215.491
Credilors.. amounls falllng due withln one year
Creditors and accruals
13
87,471
16,285
Nel Current Assets
166.109
199,206
NEf ASSETS
621,195
658.212
Funds
Restricted funds
Unrestncted funds
Designated funds
14
7,732
474,777
138,686
23,837
481,403
152,972
15
621.195
658.212
As Approved on:
-rH L-/
By..
Page 8

Filz Park Charitable Trust
Notas to the Financial Slatements
for Ihe year ended
31 March 2024
1 Accounting Policies
General
The financial statements have been prepared in accordance with Acix)unting and Reporting by
Charilies.. Statement of Recommended Practice applicable lo chartlies in preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and R8public of Ireland IFRS
102) (effective 1 January 20151- (Charittes SORP {FRS 102}). the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102). The charity meets th8 delinition ol a public
benefit 8ntity under FRS102. Assets and liabilities are initially recognised al histoncal cosl or
transaction value unless otherwise stated in the relevant accounting policy note (s).
Tangibl• Flxed Assets and Depreciation
All tangible fixerj assets are staled at costlgss deweciation. FreelKJld land aTrJ buildings are
maintain8d in a gooé stale of repair and in the opinion of the Truslees the realisable value of the land
and buildings is not less than the tK)ok value. Consequently no deprecialion has been provided on
freehold land and buildings. All other assets are depreciated at the following rates.'-
Vehicles. plant and machinery- 20Y. reducing bajan
The Communiiy Sp￿ts Area was agreed to be part of freelhold land and buildings and therefore
depreciation provided in the previous year was Mrillen back.
Income
Income is accounted for on a receivable basis. whe￿ income is r￿1V￿j for a specrfic purpose. as
defined by the donor, this income is classed as restricted. Income r￿￿ed lowards the general
obj8Cts ol the charity is classed as unrestricted.
Expenditure
Expenditure is accounted for on an accruais basis. Where it relates to a specific projecl it is allocated
to that project as restricted expenditure. Expenditure that relates to th8 objects of the charity is
classified as charttable activities. Any legal or professional costs are dassified as governanc8 costs.
The costs ot generating funds are separately indenlilied.
Funds
General funds ara those where no reslrictions have been placed ￿0￿ th8 specific spending of the
funds by the donor. Designated funds are those funds where the directors have chosen to earmark
general funds for a speclic purpose. Restricted funds are those funds whgre the donation is received
for a specific purpose as set out by the donor.
2 Payment to Accountants
The payment to the a(xounts included in the expenditure is split as follows:
2024
2023
Payment for preparation of accourrts
Payment for Independent Examination
575
325
900
575
300
875
Page 9

Fllz Park Charitable TTUSI
Notes lo the Flnancial Statements
for Ihe year ended
31 March 2024
31 M￿h 2024
Restricted Unrestricled Designated
Total 31 March 2023
3 Donallons and gifts
Play Area Appeal Donations
Sundry Donalions
Just Giving Donations
BMX Income
Pups Shelter Donations
386
174
978
174
978
928
2,927
2,759
7.017
80
1,618
4 Legacles recelvable
Memorial Trees & Benche5
Legacies
3,240
3.240
3,507
3.240
3,240
3,507
5 Grants receivable
Keswidi Town Council
Cumbria County COU￿11
Insurance Proceeds
193,574
193,574
180,267
1,000
193,574
193,574
181,267
6 Other tradlng aclivities
Allerdale Borough Council Lottery
CSA Income
Car Park Income
Foolball Club Car Park Conlribulion
Football Club Rent
Bowling Club Car Park Conlribuli
Insuranca Reimbursements
Interim Lease Clubhouse and Courts
Wayleave
Lease - Games atKI CateriNJ
Hire of Fitz Park
568
278
53,732
11,226
1.OCIJ
1.666
759
278
53,732
11,226
1,000
1,666
44,325
11,974
1,000
1.474
33
5.700
929
76.606
1,474
33
5,700
929
76,606
1,343
4,010
2.096
65,540
Page 10

Fliz Park Charllable Trust
Notas to thè Flnanclal stsiements
for the year ended
31 March 2024
31 March 2024
Restricted UnrestricledDesignatec Tolal 31 March 2023
7 Charilable activilies
Staff costs and uniforms
KTC recharge of admin costs
Health and safety Costs
Advertising and PR
Contingency
Water rates, trade refuse and eleCt￿ty
Insurance
Repars and renewals
Climate change costs
Fitz flood expenditure
Plants, trees and fertilizer
Insurance claim expenditure
Jubilee iree
Projects funded by donations
Tree work and grass cutting
Sensory garden expendilure
Community gym expendtture
CSA Expenditure
Memoriai seats and pla]ues
Malerials and lools
Games equipment
Good box expenditure
Pup shelter expenditure
Car park expenses
CCC Bike rack
Sinking fund expenditure
Signage Expenditure
Tree carving expendrture
Resilience expenditure
Recharges from Hope Park Trust
BMX track expenses
Interesl and charges
Depreciation
Play Area and Equipment
Outdoor Gym
Trusl Plant and Machinery
(Profit) / Loss on Disposal ol Fixed Assel
Independent Examiners Fee
Legal fees
Professional Fees
116.771
28,239
315
569
2,500
11,733
6,218
22,492
116,771
28,239
315
569
2,500
11,733
6.218
22.492
588
106,559
26,685
350
333
2,501
6.677
7,200
21,497
743
564
1,770
Note 8
5,997
5.997
500
2,050
8,632
1.5ixi
9,220
1,500
9,220
279
279
110
1,245
916
916
151
2.651
280
151
2,651
280
2,745
193
10
2,759
2.759
12.907
324
71,269
334
12.907
10,368
676
324
71,269
334
700
37
2,845
961
397
961
397
689
433
1,369
1,638
4,190
118
900
1.369
1 ,638
4.190
118
900
1,712
2.048
4.418
1,000
875
8,000
240,803
8,000
71.269 315.585
500
214,665
3,513
Page11

Fitz Park Charllablo Tffust
Notes to the Financlal Statements
for the year ended
31 March 2024
8 Breakdown of Keswick Town Council Recharges
31 March 2024
31 March 2023
Salaries, National insurance and Pension
Pension lo Former Ernployee
Staff Expenses
Payroll Oulsource Costs
Rent
Building Service Costs
Insurance
Repairs - Decorating
Subscriptions
Stationery and Printing
Postage
Photocopier Lease and Charges
Computer Maintenance
Websile and Internet Costs
Telephone
Heahh and Safety
Office Equipment and Frttings
Council Chamber Expenditure
Conferences / Training
21,698
219
36
63
1,414
1.374
172
313
1.414
1,564
178
129
214
137
67
328
671
232
239
188
174
341
504
122
91
24
40
159
28,239
148
26.685
9 Employee Remuneration
Staff costs and unrforms
31 March 2024
31 March 2023
Gross salaries
Other staff costs and expenses
114,424
2.347
104,967
1,592
116.771
106,559
No employee eamed £60,000 or more.
No.
No.
Slaff numbers
Gardeners and groundsmen
Administratiion
2.20
0.40
2.60
2.20
0.40
2.60
Page12

Filz Park Charilable Tri
Notes lo the Flnancial Statements
for the year ended
31 March 2024
10 Trustee Remuneration and Expenses
No remuneration directly or indirectly out of the fund5 of the charÈty byds paid or
payable for the year to any trustee or lo any person or persons known to be connected
with any of Ihem.
No reimbursement of expenses has been rnade or is due lo b8 made to any of the
trustees in respect of the year.
11 Tangible Fixed L8sets
Play
Irust Pknl
Land and EqUipn￿nI Community
and
Buildings and Outdoor Sports Area Machinery Car Park
Total
COST
At
1 April 2023
Additions
Disposals
At 31 March 2024
190.285
180.459
136,213
60,634
3,392
183
63,843
99,797
667.388
3.392
183
670,597
190.285
180.459
136.213
99,797
DEPRECIATION
At
1 April 2023
Charge for year
Eliminaled on disposal
At 31 March 2024
165.421
3.007
42.958
4,190
65
47,083
208,379
7,197
65
215,511
168,428
NEf BOOK VALUE
At 31 March 2024
190.285
12,031
136.213
16,760
99.797
455.086
At 31 March 2023
190,285
15.038
136,213
17,676
99.797
459.009
12 Deblors
31 March 2024
31 March 2023
Trad8 d9blors
Owed by KTC
VAT recoverable
1,162
25,575
25,719
25.719
26,737
13 Creditors: amounts falllng due within one Jear
31 March 2024
31 March 2023
Trade creditors
Owed to Hope Park
Other taxalion & social securty
Accruals
77,310
41
3,836
67
10,120
87,471
12.382
16,285
Page 13

Fltz Park Charitable TnFst
Notes to the Flnan¢lal Ststements
for the year ended
31 M¥rch 2024
14 Funds
Al
Incoming Out9)ing
1 April 2023 Resources Reg)urces Transfers 31 March 2024
Prol8cls & Restrlcled funds
Memorial Seals and Trees
4.(H)2
3240
1151}
14,9981
2,093
Tree Carving
441
441
BMXTrack
652
732
Sensory Garden
{2791
Flood Recovery
3,365
13.3651
ResilIan￿ Fund
7.549
17.5491
Outdoor Gyrn
2.911
2,911
CCC Bike Rack Fund
324
1324)
Pups Shaltèr Fund
2.759
23,837
(2.759
13,513
15,9f2
7.732
DESIGNATED
DES Sinking Fund
152.972
1,612
13,3651 {50.924)
100,295
DES Futu¥e Developrnent Fund
I67.￿4)
71.2691
106.295
55,371
38.391
138.686
152,972
1.612
Not8: the transfers from Mernorial Seals and Trees to the g8rwal reserves ar8 lo covèr the cost of
fixed ass8t purchases to be met by those furKls, Ihal have been added lo Ihe general reservas.
Funds Comparatlve Year End(31 March 2023
At
Incoming Outgoing
At
l April 2022 Resources Resources TrarEfers 31 March a)23
Projects & Rest￿￿ed fwds
Memorial Seats and Trees
2,100
3,507
11,605)
4,002
Tree Carving
478
13n
BMX Trad(
652
Sensory Gar¢Jen
Flix)d Recovery
3,929
15641
3.365
Insurance Settlements
340
13401
Rasiliancè Fund
10,394
12.8451
7.549
Tree Donation
197
1197)
Outdoor Gyrn
3.286
1110)
(265)
2.911
CCC Bike Rad( FuThJ
1.000
1676
324
Pups Shetter Fund
2.759
7.266
2.759
Y3,837
23.210
3,189
2.7741
DESIGNATED &nking Fund
122,267
122,267
30,364
30,364
152.972
152.972
Page 14

Fitz Park Charllable Trust
Notes to the Finan¢ial stsiements
for the year ended
31 March 2024
15 Net Assels by lund
Restricted Unrestricted Designatgd
Total
Tangible fixed assets
Current assets
Credilors." amounts falling due
wwlhin one year
455,086
107,162
(87,471)
455,086
253,580
{87,471)
7,732
138,686
Total net assets
7.732
474.777
138,686
621,195
Net Assets by fund Comparative Year Ended 31 March 2023
RestrKled Unrestricled Designated
Tot8J
Tangible fixed assets
Currenl assets
Creditors: amounts falling due
within one year
459.006
38.682
116.285)
459,006
215,491
(16,285)
23,837
152,972
Total net assets
Y3,837
481,403
152.972
658,212
Page 15