Fitz Park Charitable Trust
Report of the Directors and Trustees
and Financial Statements for the year ended
31 March 2025
Keswick
ACCOUNTANTS

Fitz Park Charitable Trust
Index to the Financial 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

Fitz Park Charltable Trust
Charity Infomiation
for the year ended
31 March 2025
DIRECTORS
AND
TRUSTEES:
Cllr A L Dunn
Cllr N Evans
Cllr S Hatwood
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:
520327
ACCOUNTANT AND
INDEPENDENT EXAMINER
Frances Clark ACA
Keswick Accountants
Appleside
4 Leonard Street
Keswick
Cumbria
CA12 4EJ
Page 1

Fitz 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 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 of the Park is now the responsibility of Keswick Town
Council as sole Trustee.
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-opted July 2024
Cllr R Scott- co-opted March 2025
Cllr L J Taylor
Management Structure
In 1995 Keswick 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

Fitz 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 Keswick.
Fitz Park is split into two areas and is home to the local football, bowling, cricket, athlelics, tennis and
croquet clubs. At Upper Fitz Park, public tennis, bowling and putting is available during the summer season
together with refreshments from Café HNW year-round. The Trusl also introduced the additional activity of
table tennis to Upper Fitz Park this year. Lower Fitz Park contains a floodlit mutli use games area with
pitches for 5 and 7 aside football, tennis and basketball area and is also available for informal community
use or pre-booked activity sessions. Lower Fitz Park also contains an award-winning destination play area
providing equipment for different age ranges, an outdoor gym and pump track. It is also home of the Towns
Junior Park run.
Much needed income is gained from Crosthwaite Road Car Park, this is managed by a third-party provider,
with all profits remaining with the Trust.
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 comp05t
Use glyphosate free weed killer
Gradually introducing more bee friendly plants
Led a campaign asking retsilers not lo stock disposable BBQS and have prohibited use in our Parks
Worked with partners to coordinale the control of Balsam
Changed lo 100% renewable energy suppliers
Invested the majority of our reseNes in Ethical Banks
Repla￿d 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 15 regularly updated
All staff have been given Climale and Carbon Literacy training
Introducing a bug hotel to Upper Fitz Park
Planted many trees in an area named Elizabeth's wood - undertaking regular BioBlitzes
Footpath improvements have taken place during the year in Lower Fitz Park with more planned in future
years ion both lower and upper Fitz Park. 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.
Parks staff built new block built compost bays to replace the rotting wooden bays, they also built a plinth to
site ￿ water butts (donated by a Cumbrian firm) to catch water from the building roof.
A new workshop and staff premises were completed during the year along improvements to the cafélgames
building. A new outdoor seating area was created adjacent to the café by our skilled parks staff.
The linking of Fitz Park Trust and Townsfield was completed during the year. In Townsfield the Trust
provided a welkkept open space for informal recreation and leisure in close proximily to the town centre.
Grass cutting, hedge trimming and tree work was necessary to maintain the area which was available for use
by the inhabitants of, and visitors to, the town of Keswick and neighbourhood
Page 3

Fitz Park Charitable Trust
Report of the Trustees, contd.
forthe year ended
31 March 2025
Finances
During the year the Trust had net incoming resources of £209,626 (2024 net outgoing £37,017}. This
included a grant of £110,000 from Hope Park Trust for the new building work. and a capital adjustment of
£77,904 in relation to an adjustment of treatment of cost in the 2024 accounts. When added to brought
fomard reserves of £621,195 the closing reserves were £830,821. Of this, £676,802 are fixed assets and
£154,019 revenue funds. Of the Revenue funds £8,175 relate to restricted funds or projects, £135.936 is set
aside as a designated fund, and the unrestricted revenue resetves are £10,336.
Trustees and Officers are currently working on short, medium and long temi plans.
Reserves Policy
The Trust has unrestricted revenue reserves of £10,336. Ideally the level of resetves would represent 3
monlhs of the previous yearfs running costs which is in the region of £55,000. However the Trust does not
hold this level of general reserves, as a grant is given lo the Trusl by Keswick Town Council via the precept
from Cumberland Council. The grant covers Fitz Parks running costs deficit and when risk assessed the
likelihood of this not continuing is very low.
Further reserves are held in the designated funds in case of unforeseen circumstances, 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 equipmenl and assets. During the year it was agreed that the
Sinking Fund be capped at a maximum of£100,000 with any remaining funds being moved to the
designated Future Development Fund and invested as previously agreed. the profrt made by Crosthwaite
Road Car Park is moved annually into the Sinking Fund or Future Development Fund.
The total of unrestricted reserves is £687,138 (this includes fixed assets of £676,802). Designated funds are
held in the sinking fund is £100.000 and Future Development Fund £35,936.
Inveslment Policy
The sinkinglfutures fund account earns 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 inleresL
Risk Assessment
An annual risk assessment is carried out identifying insurance and other risks, current arrangements for
managing Ihese and any other action required. InSUran￿S are put in place where possible to mitigate any
financial losses.
ON BEHALF OF THE TRUSTEES
Page 4

Fitz 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
5-14.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The Charity's 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 Charty
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 material 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

Fitz Park Charitable Trust
Statement of Financial Activities
for the yèar ended
31 March 2025
31 March 2025
Notes Restricted Unrestricted Designated Total
Funds
31 March 2024
Total
INCOME
Donations and legacies
Donations and gifts
Legacies receivable
Grants receivable
111,935
111,935
549
203,297
1,618
3,240
193,574
549
203,297
Income from charitable activities
Other Trading Activities
Income from investments
83,553
134
83,553
4,136
76,606
3,530
4,002
Total income
549
398,919
4,002
403,470
278,568
EXPENDITURE
Expenditure on charitable activities
106
238,901
32,741 271,748
315,585
Total expenditure
106
238,901
32,741 271,748
315,585
Net incoming l {outgoingl resources
443
160,018 (28,739)
131,722
{37,017)
Capital adjustment from 2024
77,904
77,904
Net movement in funds
443
160,018
49,165
209,626
(37,017)
Total funds brought forward
7,732
474,777 138,686
621,195
658,212
Transfers be￿en funds
428
52,343 (51,915)
Total funds carried forward
15
7,747
687,138 135,936
830.821
621,195
Funds carried forvrnrd as foll0v￿:.
Revenuo Funds
Fixed Asset Funds
7,747
10,336 135,936
676,802
687,138 135.936
154,019
676,802
830,821
166,109
455,086
621,195
7.747
The notes form part of these financial statements
Page 6

Fitz Park Charitable Trust
Statement of Financial Activities
Comparative
31 March 2024
31 March 2024
Restricted Unrestricted Designated Total
Funds
INCOME
Donations and legacles
Donations and gifts
Legacies receivable
Grants receivable
80
3,240
1.538
1,618
3,240
193,574
193,574
Income from charitable activities
Other Trading Activities
Income from investments
76,606
1,918
76,606
3,530
1,612
Total income
3,320
273,636
1.612 278,568
EXPENDITURE
Expenditure on charitable activities
3,513
240,803
71,269 315,585
Total expenditure
3,513
240,803
71,269 315,585
Net incoming l (outgoing) resources
(193>
32,833
(69,657) (37,017)
Total funds brought forward
23,837
481,403
152,972 658,212
Transfers be￿een funds
(15,912) (39,459)
55,371
Total funds carried fO￿ard
7,732
474,777
138,686 621,195
Funds Carried forward as follows:.
Revenue Funds
Fixed Asset Funds
7,732
19,691
455,086
474,777
138,686 166,109
455,086
138,686 621,195
7,732
Page 7

Fitz Park Charitable Trust
Balance Sheet
asat
31 March 2025
Notes
31 March 2025
31 March 2024
Fixed Assets
Tangible fixed assets
11
676,802
455,086
676,802
455,086
Current Assets
Debtors
Cash at bank and in hand
12
24,820
158,340
25,719
227,861
183,160
253,580
Creditors". amounts falling due within one year
Creditors and accruals
13
29,141
87,471
Net Current Assets
154,019
166,109
NET ASSETS
830,821
621,195
Funds
Restricted funds
Unrestricted funds
Designated funds
14
7,747
687,138
135,936
7,732
474,777
138,686
15
830,821
621,195
As Approved on..
F-4
By..
Page 8

Fitz Park Charitable Trust
Notes to the Financial Statements
for the year ended
31 March 2025
1 Accounting Policles
General
The financial statements have been prepared in accordance with A¢¢ounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities in preparing their accounts in
accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective 1 January 2015) - (Charities SORP IFRS 102)), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102). The charity meets the definition of a publi¢
benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or
transaction value unless Otherwse stated in the relevant accounting policy note {s).
Tangible Fixed Assets and Depreciation
All tangible fixed assets are stated at cost less depreciation. Freehold land and buildings are
maintained in a good state of repair and in the opinion of the Trustees the realisable value of the land
and buildings is not less than the book value. Consequently no depreciation has been provided on
freehold land and buildings. All other assets are depreciated at the followng rates:.
Vehicles, plant and machinery- 200A reducing balance
The Community Sports Area was agreed to be part of freelhold land and buildings and therefore
depreciation provided in the previous year wa5 WTitten back.
Income
Income is accounted for on a receivable 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 classed as unrestricted.
Expenditur8
Expenditure is accounted for on an a¢¢ruals basis. Where it relates to a specific project it is allocated
to that project as restricted expenditure. Expenditure that relates to the objects of the charity is
classified as chartiable 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 restrictions have been placed upon the specific spending ofthe
funds by the donor. Designated funds are those funds where the directors have chosen to earmark
general funds for a specfic purpose. Restricted funds are those funds where the donation is received
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

Fitz Park Charitable Trust
Notes to the Financial Statements
for the year ended
31 Ma￿h 2025
31 March 2025
Restricted Unreslricted Designated Total 31 March 2024
3 Donations and gifts
Play Area Appeal Donations
Sundry Donations
Hope Park Trust
Just Giving Donations
BMX Income
Townsfield funds
246
1,190
110,000
76
246
1,190
110.000
76
386
174
978
80
423
111935
423
111935
1,618
4 Legacies receivable
Memorial Trees & Benches
549
549
549
549
3.240
3,240
5 Grants receivable
Keswick Town Council
203,297
203.297
203,297
203.297
193,574
193.574
6 Other trading activities
Allerdale Borough Council Lottery
CSA Income
Car Park Income
Football Club Car Park Contribution
Football Club Rent
Bowling Club Car Park Contribution
Interim Lease Clubhouse and Courts
Wayleave
Lease - Games and Catering
Hire of Fitz Park
743
743
568
278
53,732
11,226
1.000
1,666
1,474
33
5,700
929
76,606
60,510
12,063
1,000
60,510
12,063
1.000
1,522
33
6,700
982
83,553
1,522
33
6.700
982
83.553
Page 10

Fitz Park Charitable Trust
Notes to the Financial Statements
for the year ended
31 March 2025
31 March 2025
Restricted UnrestrictedDesignatec Total 31 March 2024
7 Charitable activities
Cost of goods sold
Staff costs and uniforms
lffc recharge of admin costs
Health and safety costs
Computer costs
Advertising and PR
Contingency
Water rates, trade refuse and electricity
Insurance
Repairs and renewals
Climate change costs
Plants, trees and fertilizer
Projects funded by donations
Tree work and grass cutting
Sensory garden expenditure
Community gym expenditure
CSA Expenditure
Memorial seats and plaques
Materials and tools
Games equipment
Townsfield expenditure
Pup shelter expenditure
Car park expenses
CCC Bike rack
Sinking fund expenditure
Signage Expenditure
Station road railings
BMX track expenses
Interest and charges
Depreciation
Play Area and Equipment
Outdoor Gym
Trust Plant and Machinery
(Profit) l Loss on Disposal of Fixed Asset:
Independent Examiners Fee
Professional Fees
114,031
29,831
114,031
29.831
116,771
28,239
315
Note 8
390
390
569
2,500
11,733
6,218
22,492
588
5,997
1,500
9,220
279
57
13,852
6,173
21,214
988
2,000
57
13,852
6,173
21,214
988
2.000
13,126
13,126
100
100
570
570
916
151
2,651
280
3,337
288
2,100
3,337
288
2.100
2,759
12,907
324
71,269
334
16,404
100
16,404
100
32,741
436
6,000
585
346
32,741
436
6,000
585
346
961
397
1,095
1,311
3,737
1,095
1,311
3,737
1,369
1,638
4,190
118
900
8,000
315,585
930
930
106
238,901
32,741 271,748
Page 11

Fitz Park Charitable Trust
Notes to the Financial Statements
forthe year ended
31 March 2025
8 Breakdown of Keswick Town Council Recharges
31 March 2025
31 March 2024
Salaries, National insurance and Pension
Pension to Former Employee
Staff Expenses
Payroll Outsource Costs
Rent
Building Service Costs
Insurance
Repairs - Decorating
Subscriptions
stationery and Printing
Postage
Photocopier Lease and Charges
Computer Maintenance
Website and Internet Costs
Telephone
Health and Safety
Office Equipment and Fittings
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
44
1,414
1,564
178
129
214
137
67
328
671
232
239
24
159
28.239
9 Employee Remuneration
Staff costs and unifomis
31 March 2025
31 March 2024
Gross salaries
other staff costs and expenses
111.876
2,155
114,424
2,347
114,031
116,771
No employee earned £60,000 or more.
No.
No.
Staff numbers
Gardeners and groundsmen
Administratiion
2.20
0.40
2.60
2.20
0.40
2.60
Page 12

Filz Park Charitable Trust
Notes to the Financial Statements
for the year ended
31 March 2025
10 Trustee Remuneration 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.
11 Tangible Fixed Assets
Play
Land and Equipment Community
Buildings
and Outdoor Sports Area
Trust Plant
and
Machinery Car Park
Total
COST
At
1 April 2024
Additions
Disposals
At 31 March 2025
190,285
225,932
180,459
136,213
63,843
1,927
99,797
670.597
227,859
416.217
180,459
136,213
65,770
99.797
898,456
DEPRECIATION
At
1 April 2024
Charge for year
Eliminated on disposals
At 31 March 2025
168,428
2,406
47,083
3,737
215,511
8,143
170,834
50,820
221,654
NET BOOK VALUE
At 31 March 2025
416,217
9.625
136,213
14,950
99.797
676.802
At 31 March 2024
190,285
12,031
136.213
16,760
99,797
455,086
12 Debtors
31 March 2025
31 March 2024
Trade debtors
Owed by KTC
VAT recoverable
24.820
25,719
24.820
25,719
13 Creditors: amounts falling due within one year
31 March 2025
31 March 2024
Trade creditors
Owed to Hope Park
Accruals
16,767
40
12,334
29.141
77,310
41
10,120
87.471
Page 13

Fitz Park Charitable Trust
Notes to the Financial Ststements
for the year ended
31 March 2025
14 Funds
Al
Incoming Outgoing
At
1 April 2024 Resources Resources Transfers 31 March 2025
Projects & Reslrfcted funds
Memorial Seats and Trees
2.093
549
161
(428)
2.208
Tree Carving
441
441
BMX Track
732
732
Sensory Garden
1,555
1.555
Outdoor Gym
2,911
11001
2.811
7.732
549
106
428
7.747
DESIGNATED
DES Sinking Fund
100,295
245
132,7411
32,201
100,000
DES Future Development Fund
38,391
138.686
3.757
4,002
6,212)
25,989
35,936
135,936
32,741
Note.. the transfers from Memorial Seats and Trees to the general reserves 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 Ende 31 March 2024
At
Incoming Outgoing
At
1 April 2023 Resources Resources Transfers 31 March 2024
Projects & Restricted funds
Memorial Seats and Trees
4,002
3,240
1151)
14.9981
2.093
Tree Carving
441
441
BMX Track
652
80
732
Sensory Garden
1,834
1279)
1,555
Flood Recovery
3.385
(3,3651
ResIlian￿ Fund
7,549
(7,5491
Outdoor Gym
2,911
2,911
CCC Bike Rack Fund
324
(324)
Pup5 Shelter Fund
2,759
23,837
{2,759)
{3.513) (15,912)
3.320
7.732
DES Sinking Fund
152.972
1.612
{3,￿5) (50.924)
100.295
DES Future Development Fund
67,904
71,269
106,295
55,371
38,391
138.686
152,972
1.612
Page 14

Fitz Park Charitable Trust
Notes to the Financial Statements
for the year ended
31 March 2025
15 Net Assets by fund
Restricted Unrestricted Designated
Total
Tangible fixed assets
Current assets
Creditors.. amounts falling due
within one year
676,802
39,477
(29,141)
676,802
183,160
(29,141)
7,747
135,936
Total net assets
7,747
687,138
135,936
830,821
Net Assets by fund Comparatlve Year Ended 31 March 2024
Restricted Unrestricted Designated
Total
Tangible fixed assets
Current assets
Creditors- amounts falling due
within 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
821,195
Page 15