CHARITY NUMBER - 803090
GOLD PARK, MUNDESLEY ANNUAL REPORT, FINANCIAL STATEMENTS AND AUDITOR’S REPORT FOR THE YEAR ENDING 31[ST] MARCH 2024
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GOLD PARK, MUNDESLEY INFORMATION
The Charity was registered with the Charity Commission in 1939 and re-registered on 22 May 1990 (Charity number 803090) with the objectives to provide open space and pleasure grounds and gardens for the use of the public.
Conveyance 24 April 1939 Charity Address The Old Fire Station Back Street Mundesley Norfolk NR11 8JJ Sole Trustee Mundesley Parish Council Independent Examiner BH Accounting Services 1 Shearwater Drive Bradwell Great Yarmouth Norfolk NR31 9UL
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GOLD PARK, MUNDESLEY
REPORT AND FINANCIAL STATEMENT
FOR THE YEAR ENDING 31st MARCH 2024
| Contents | Page |
|---|---|
| Trustees’ Annual Report | 4 |
| Independent Examiners Report | 5 - 6 |
| Receipts and Payments Account | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 |
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GOLD PARK, MUNDESLEY
TRUSTEES’ REPORT FOR THE YEAR ENDING 31[ST] MARCH 2024
The Trustees present their report and accounts for the year ending 31st March 2024.
Structure, governance and management
The charity’s governing document is its constitution adopted 24 April 1939. The Charity was registered in 1939 and re-registered with the Charity Commission on 22 May 1990 (charity number 803090).
The charity’s objectives are to provide open space and pleasure grounds and gardens for public use. Income is generated by raising funds from car parking.
Financial review and reserves policy
During the year income has amounted to £51,897 in comparison to the prior year of £46,857.
Payments amounted to £44,412 (2023: £45,013).
Funds at 31 March 2024 were £64,648 (2023: £46,857).
Although there is no formal policy in place the charity reviews the level of funds available on a regular basis.
Achievements and performance
The charity owns and maintains, for public benefit, Gold Park, a free to use public park located in Mundesley. The activity has continued throughout the year, as did the car park income from Gold Park.
Activities in the year included: maintenance of the park, repairs to the Play Area and free events for the public, including a Platinum Jubilee Party and an Outdoor Cinema.
Public Beneft
The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Commission in exercising their powers or duties.
This report was approved by the Committee and signed on their behalf by:
Bev Reynolds
B Reynolds, for and behalf of the sole Trustee, Mundesley On Sea Parish Council
Date: 09/12/2024
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B H Accounting Servi¢es I Shearwater Drive, Bradwell Great YarnioutlL Norfolk NR319UL 01493 440731107742327755 23° (ktober 2024 The TrS for Gold P Internal Audit for the year ending 31M March 2024 I have carrted out the Accounting Audit in accordance with cPlty Commission CC32 requiremenL Proper Bookkeeping I cheeked wher¢ FK)ssible, the pa)rynents and receipts from the invoiecsldocumentation to the bank statements. Cheque b(K)ks were not available. Revi¢w¢d invoices for unusual items. Budgetary CoDtroL8 Has been carried OUL Income Controls Review¢d Te¢eipt ofNNDC Car patk she and other income during the year. Payroll Controb Not applicable. set Controls I have not Ien presented with an r¢gisteT. I have attached a second page which will requi fuTther action. I should like to take this optx)rtunity to thank Denise/Christopher for their Cowoperation with the internal audit and the TnteeS for apwinting me. Yours faIthfilY Brenda Hoskins Page 5 of 9
Atachment
It would have been helpful to have included the Payments and Receipts reports with final totals, which is available on Scribe. Received since.
It is very difficult to reconcile the payments with the bank statements. The dates on the invoices do not necessarily follow on the bank statements, nor with when they are actually paid. Nothing seems to run logically. It would be useful if the actual date paid is annotated on each invoice. And perhaps the supplier invoices could be paid in the date order that are received by Gold Park.
There is a handwritten report marked Voucher 12. 103/111 Bev Reynolds is not totalled correctly. There is a difference of £1.00.
There is a handwritten report marked Voucher 6+8 which is not totalled correctly. There is a difference of £1.25. I was also unable to locate this on the Bank statements.
Overall, there are some differences between the Annual Report, Financial Statements and the actual Receipts and Payments. The differences are:
Receipts £75.00 different.
Payments £2741.32 different.
I have since discovered that these figures are in fact the VAT received and VAT paid.
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GOLD PARK, MUNDESLEY
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDING 31 MARCH 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| RECEIPTS | ||
| Car Park Income | 37882 | 42664 |
| Park Hire | 200 | 400 |
| Interest (includes interest 2022/2023 £326.61) | 964 | |
| Events | 12765 | 3782 |
| Admin (Refunds Electric/Water Costs) | 11 | 11 |
| VAT (received) | 75 | |
| TOTAL RECEIPTS | 51897 | 46857 |
| PAYMENTS | ||
| Admin, including professional fees and insurance | 12051 | 10243 |
| Bank Charges (last year’s bank charges were included in | 160 | |
| admin) | ||
| Events | 9287 | 6186 |
| Playground Maintenance | 14215 | 9625 |
| General Maintenance | 5063 | 18176 |
| Electric and Water | 695 | 603 |
| Refund of deposits Park Hire (Refundable deposit for last | 200 | |
| year’s park hire) | ||
| VAT (paid) | 2741 | |
| TOTAL PAYMENTS | 44412 | 45013 |
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GOLD PARK, MUNDESLEY
STATEMENT OF ASSETS AND LIABILITIES (BALANCE SHEET)
AS AT 31 MARCH 2024
| CURRENT ASSETS | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Cash held by Mundesley On Sea Parish Council | 0 | (8728) |
| Cash held Current Account | 16684 | 57162 |
| Cash held Savings Account | 47964 | |
| Total Cash Funds | 64648 | 48434 |
| Ear Marked Reserves (Estmated expenditure for the | 48000 | |
| repair and renewal programme for Gold Park | ||
| Playground Equipment in the region of £60K) | ||
| General Reserves | 16648 |
The Charity owns buildings and equipment located at the park and equipment at the children’s playground. Mundesley Parish Council owns the land.
We approve the financial statements on pages 7 to 8.
Bev Reynolds
B Reynolds, for and behalf of the sole Trustee, Mundesley On Sea Parish Council
Date: __09/12/2024_______
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GOLD PARK, MUNDESLEY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 31 MARCH 2024
1. General Notes
Basis of accounting: The accounts have been prepared on a receipts and payments basis; accordingly no account is taken of amounts payable or receivable at the period end.
The charity accounting records and funds have been separated from the accounts of Mundesley On Sea Parish Council, Gold Park has its own separate bank accounts.
- Contributons to Mundesley On Sea Parish Council to Operate Gold Park Gold Park pays a contribution to Mundesley On Sea Parish Council towards the cost of insurance, administration and office costs.
3. Staf Costs
The charity currently employs no staff. As such no employee was paid over £60,000 in the current or preceding year.
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