SHENLEY PARK TRUST
(A Company Limited by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR TO 31 MARCH 2025
Registered Company No: 2504980
Registered Charity No: 803520

SHENLEY PARK TRUST
IA Company Limlted by Guarnntee)
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2025
The Trustees present their annual report and the audited financial statements for the year ended 31 March 2025.
The accounts have been prepared in accordance ￿￿th the accounting poI￿leS set out in note 1 to the accounts with the
Memorandum and Articles of Association, the Charities Act 2011 and 'Accounting and Reporting by Charities".
Statement of Recommended PracticE applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK 2nd Republic of Ireland (FRS 102), las amended for accounttng periods
commencing from 1 January 2019}.
Chaiman's report
NomFally this r8POrt wouldprovide the highlights from the previous year. It would detail the important projects that had
been completed and those that had begun. It would summarise the number of meetings that Shenley Path Tnjst and its
committees had held during the year. It would mention the financial poSit￿n of the Trust and would have concluded with
my thanks to my fellow tmstegs and the employees of the park.
However, this has not been a nonnal year.
Glyn Dredge, the path director, digd on 20th April 2024 after a long battle ￿th cancer. He left behind his wife Liz and his
2 sons.
Glyn had W0￿ed for the park for decades. He was appointed as estate manager in May 1998 and promoted to park
director in October 2007, the position he held unh"I his passing. Since th&n, Ltt has been acting park director, a rol81
hope to confiffn as peffiianent in the very near future.
Glyn was incredibly devoted to and very proud of what he hadachieved with the path. Wortfing with knz and other pa
staff over the many years, they ¢￿ated a b8auliful natural park which is incrediblypopular with the community and the
various events attracted many visitors from nèar and far.
Glyn worked extremely hard on creab.ng and developing the property portfolio which provides valuablo income for the
needs of the pa￿.
It was an honourto work ￿th him and a privilege to call him a fvend.
Chair
Obj¢¢tives and activlties
The Charity was fomied in 1990 and in 1993 was granted a 150 year lease over part of the Shenley Hospital site.
The Chantvs object and its princtple purpose continues to be..
to estsblish and maintain a rural park in the Parish of Shenley
to provide or assist in the provision of facilities for recreation or other leisure time adivities
to secure the p￿serVatIon, protection, developmenl and improvement of features o* historic or public
interest within the Park.
to manage the Park to the highest possible standards with the resources at its disposal.
at all times to provide a safe and secure environment for members of the public to enjoy.
to make buildings within the Path or open space areas, such as the walled garden. available for communty
arid cultural acliwties or events.
to work in partnership with other organisations lo help deliver the Tnjsys objects.
to continue to create educational resources within the Park.
The trustees confimi that they have ￿ferred to the guidance cuntained in the Charity Commission's general
guidanck on public benefft when reviewing the Trust's aims aThJ objectives and in planning future activits"es.
Page 1

SHENLEY PARK TRUST
(A Company Limited by Guarantee}
TRUSTEES. REPORT
YEAR ENDEO 31 MARCH 2025
Achievements and performance
This statement is from Ltt Ensor, the interim park director..
Our park director Glyn Dredge who had worked lor Shenley Part( for over 30 y8ars passod away in Apnl. Hè had be&n ill
for a while but his love and passion for Shenley P8th gav8 him the str8ngth to pass on much of his extensive kno￿edge
and infonnation about the park to his ￿fe Liz who also wo￿8 for Shgnley Path.
Liz has continued to manag8 th8 park with help from thg trustegs since his passing in the role of interim pa￿ dir8clor.
A m&morial seryice was held for Glyn in the Walled Garden at Ihe end ofJun8. Rev Sarah Marshall of St Martins,
Shen18y led the se￿Ice. Glyn's work around th8 park. every tre& ho planted and all of his hard wort( in the creation of the
park and Wa116d Garden ￿main with us.
We all had to cany on as Glyn himself would have wished, so Ihe Wa118d Garden open8d at weekends from Easter 12-
4pm. Hertfordshire Big 8and ￿turned for a third year wth an aftemoon picnic concert in Jung in the Walled Garden, a
very successful 8v8nt.
Wé elso enjoyed two ouldoor theatre productions by The Pantaloons despitg cold weath8r conditions still a good numb8r
attended.
A good apple crop resulted in many SUGcessftil family apple picking days r&sult&d in th8 producli¢M of 2000 litr8s of appl&
juice.
For Apple Day the run of great w8ath8r 8nded and it was a w81 and windy day in the Wallgd Garden. Despite this we still
had 579 people came along despite the weather bacause Ihey wanted lo support Our day and enjoy some of the 52
varieties of app18s. Community groups provided children's 8Ctivities together with cr8ft stalls.. Radlett 8rownies and
Rainbows togeth8r with Sh&nl&y Rainbows organised the lea tgnt and hot dog st811 which sold out very quickly. Hands on
apple juicing demonstrat￿nS which chIld￿n particularty enjoy werg supervis8d also by the guides Ihroughout the day.
The gr89nhousgs are progressing in th8ir r&furbishment with the top gr&&nhous8 n&anng th8 end of the structural rgpair
phase.
Unfortunately we did not h8ve Glyn s chilies this year in the polylunnel but did grow many perenni818 for both planting out
in the Wall8d Garden and to sell on the Wallèd Gardén honèsty Stall.
Th8 tennis courts continue to be enjoyed by Ioc81 rgsidents logether with thg partc itsell.
Wassailing saw 2025 in and was 8 good dry event ￿th an attend8nce of 60. Wassail cakè and w8m> apple juice was
enjoyed in th8 tea room gardèn aftarnards.
Flnanclal rnvl•w
The Trust's income for the year amounted to £456,793. Al the end of the year total funds stand al £13.319.460 which is
almost all represented by the fixed assets of propety and equipment of £13,195,323.
Reser¥e8 pollcy
The Chariws reserves policy is to hold approximately 3 months of operating costs as reserve within General Unrestricted
Funds. to cover unplanned emergency repairs and other expenditu￿. The trustees consider that the ideal level of
reserves al 31 March 2025 to be between £100,000 and £107,000. The Trust has unrestricted reserves of £653,746
of which £591,165 15 represented by fixed assets leaving free reserves of £61.556 in the designated propety
maintenance reserve.
Plan8 for fulur• porlod8
The plans for the park are..
To continue to cary out work to the path greènhouses
To create a garden for Bees
To continue with outdoor Ihealre, concerts and other events in Ihe walled garden amphitheatre
To create a Shenley Park Museum
To continue planting around the park
Page 2

SHENLEY PARK TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT
YEAR ENDED 31 MARCH 2025
Reference and administrative detsils
Company Number..
025(M980
Chanty Number..
803520
Registered Office."
The Bothy. Shenley PaEk. Radlett Lane, Shenley. Herts WD7 7DW
Our advise
Auditors
Bankers
Solicitoffs
Brown Wamer LLP 38 Northgate, Newat1(-on•Trent, Notlinghamshire NG24 1 EZ
Barclays Bank PLC 197 Shenley Road, 80￿hamW00d. Herts WD6 1AR
SA Law
36-38 Upper Mariborough Road. St Albans AL13UU
Dire¢tors and trnstees
The directors of Ihe charitable company (the chartty) are its tnBtees for the purpose of chanty law. The trustees
and officers servirvJ during the year and sin(£ the year end w￿e as follows..
Trustees
Chair
W Gordon IApp)inted as Chair on 12th August 20251
A Harris (ReS￿ned as Chair aThJ Trustee on 1st August 20251
N J Hibbert
M Bright IAppointed 25th November 20241resigned 9th July 20251
R Butler
R GillMJar:
S Harringtorksmilh
H Pattersgn
J Shaw
N Susman (Appointed 9th Juty 2025)
W Susman
Treasurer
Company Secretary and Interim Park Director
Company Secretary and Park Director
Elizateth Ensor {Appoinled 20th April 20241
G Dredge {Deceased 20th April 20241
Structure. governance and management
Goveming document
Shenley Park Trust is a Charrtab￿ company limrted by guarantee. incorporated on 23 May 1990 and registered
as a charity on 21 June 1990. The company is govemed by rts Memorandum and Artides of Associab'on which
established the olects.ves and powers of the Charrtab￿ cnrnp￿y.
Re¢rultment and appointment of trustees
As set out in the Articles of Association the maximum number of trustees is ts¥e￿e. Of these
Hertsmere Borough Counul may appoint three trustees. two of whom shall be elected Members of the
Borough Council.
Shenley Parish Council may appoint two trustees one of whom shall be an elected Member of the
Parish Counctl_
The Trustees may aLw appoint seven a¢￿￿onal trustees.
The Chaifman of Ihe Board is ebcted by the trustees for a penod of three years. Wintrnents to the Board
are for a fixed period of four years. Trustees can offer themselves for re-eleth"on.
Trustee induction and training
All new trustees are given a trustee ir￿u¢ll0n pa(* induding Charity commtssion leafiet'The essential
Trustee.. What you need to know and a personal introduction and tour of the pat1( by the Park Director. Trustees
are encouraged to keep up to date h￿th chanty guidan￿ wa charty commission V&tbsite.
Page 3

SHENLEY PARK TRUST
IA Company Limiled by Guarantee)
TRUSTEES. REPORT
YEAR ENDED 31 MARCH 2025
Organisational structure
The Board of Trustees administers the Charity. The Charty is organised so that the trustees meet regulady
lo manage ils aflairs and theie are subwmittees covering FinancE. Pffjperty and G0veman￿, Management
and ideas for the Park.
A Park Director is apwnled by the tnjslees lo manage the day lo day operations of the Charity. To facilitate
effective operalKsns. the Park Director has delegated authority, within the terms of de￿ation approved by
the Iruslees. for operational matters including finance, employrnent and management of the park. An
administrator assists the Park Director in the day lo day adminbstration. The ￿MainIng staff are employed
in the development and management of the park.
Risk management
The Trustees have created a risk register whith they review on a regular b8SiS.
Related parties
The Charity has a very close relationship wilh Hertsmere Borough Cwncrj. who are the Charitys landk)rds and
who are enlilled lo nominate trustees. Shenley Parish Counal are also entifled to nominate InJstees.
Staternent of trustees. responsibiliti￿ in relation to the financial $tatemenls
The Trustees (who are also directors of Shenley Park Trust for.he purposes of o)mpany lawl are responsible for
preparing the truslees. report and financial stalements in ac(y)rdance wrth applicable law and United Kingdom
Slandards (Uniled Kingdom Generally Accepted Accounting Praclicel.
Company law requires the trustees lo prepare financial stateM￿lS for each financial year. which give a
true and fair view of the state of affairs of the Chai[tab￿ company and of the incoming resources and applicatton of
resour¢es. including income and expenditure. for the financial year. of the charitable company.
In preparing ttiose financial statements. the trustees are requir￿ to".
select SL¢ilable accounting policies and then apply them ￿nsIstenty.
observe the methods and prinuples in the Charities SORP..
make judgements and esiimales that are reasonable and prudent".
state whether applicable UK Accounting Standards have been followed subject lo any departures
disclosed and explained in the financial 5talemenls-. and
prepare the financial statements on Ihe gthng concem basis unless it is inappropriate to presume
that the charitable company will continue in business.
The Iruslees are fespon5ible for keeping adequate accounting records that disckise wyth reasonable accuracy al
any lime the financial position of Ihe charitable company and erfjble Ihem lo ensure that the financial slatemerits
comply with the Companies Act 2006. They are also responsib￿ for safeguarding the assets of the charitable
company and hence for laking reasonabie steps for the preventth and detection of fraud and other iffegularities.
The trustees are responsible for the maintenance and integrity of the corwrate and fin8nchg1 infomiation included
on the charitable companls website. Legislation in the United Kingdom goveming the preparatson and
dissemination of financial statements may dtffer from legislation in Otherjurisdict￿ns.
Statement as to disclosure to our auditors
In so far as the Injslees are aware al the time of approving (Msr trustees. annual report-
there is no relevant audit information of which the charitable companys auditors are unaware," and
the trustees have taken all steps that they ought lo have taken to make themselves aware of any
relevant audit infomatson and lo establish that the auditors are aware of that information.
Approved by the Trustees on l 8 1)eohW 2025 and signed on their behalf:
W Gordon
Chair
Page d

SHENLEY PARK TRUST
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT
TO THE MEMBERS OF SHENLEY PARK TRUST
Oplnlon
We have audited the finanaal statements of Shenley Park Trust for the year ended 31 March 2025 ￿lch comprise
the statement of financial actiwties. the balan￿ sheet and the notes to the financial statements, including a
summary of significant poliaes. The financial reporting frame¥*￿rk Ihat has been applied in their preparation is
applicable law and United Kingdom Accounbng Standards. induding FRS 102 "The Finanaal Reportsng Stsndard
applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounts'ng Practice).
In our opinion, the finanaal statements..
- give a true and fair view of the charitable company's affairs as at 31 Mafch 2025 arHI of its incoming resources
and application of resources. for the year Ihen ended..
- have been propedy prepa￿d in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance the requirements of the Companies Act 21XE.
Basis of opinion
In auditing the financial ststements, we conducted our audrf( in accordan￿ wlh International Standards on Auditing
IUKI (ISAS IUKII and applicable law. Our responsibilrties under those standards are fijrther described in the
Auditors responsibilits'es for the audit of the financi81 slatements section of our report. We are independent of the
company in accordan￿ wth the ethical requirements that are relevant to our audit of the financial statements in the
UK, inciuding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wlh
these requirements. We believe that the audit eviden￿ ￿￿ have obtained is sufficaent and appropriate lo provide
basis for our opinion.
Con¢luslons relatlng to golng concern
In auditing the financial stalemenls, we have Conduded that the use of the going cx)ncem basis of accounting in the
preparation of the financial statements is appropriate.
Based on the work we have perfomed, we have not identified any material Un￿rtaInlieS relating to events or
conditions that, indiwdually or collectively, may cast significant doubt on the charrtable company's ability to continue
as a going ¢onGem for a period of at least ￿e1ve months from vthen the financial statements are authonsed for
issue.
Our responsibilities and the responsibilibes of the truslees vthh respect to going concem are described in Ihe
relevant sections of this report.
Other Inforniatlon
The other information comprises the inforn*ion induded in the trustees report other than the finanaal statements
and our audito¢s report thereon. The tnjstees are responsible for the other informats'on contained vrithin the trustees
report. Our opinion on the finanual slatements does not cover the other infomation and, except to the extent
olhewse explicrtly staled in our report, we do not express any fomi of assurance condusion thereon. Our
responsibility is to read the other information and. in doing so. consider vthether the other infonnalion is materially
inconsistent with the finanrjal ststements or our kn¢￿￿edge obtsined in the course of the audit, or otherwse appears
to be materially misstaled. If identify such matenal inconsistencies or apparent material misstatements. we are
required to detennine whether this gives nse to a malerial misslatement in the financial statements themselve5. If.
based on the work we have perfonTte(l. V￿ conclude that there is a material misstatements of this other infomation,
we are required to report the fact.
We have nothing lo report in this regard.
Opinions on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the Wofk undertaken in the course of our auditr.
the information given in the trustees, report. which indudes the directors, ￿port prepared for the purposes of
company law for the finanual year for wthidi the financial statements are prepared is consistent with the financial
statements.. and
the directors. report induded within the trustees. report has been prepared in a¢COrdan￿ V•th applicable legal
requirements.
Page 5

SHENLEY PARK TRUST
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT
TO THE MEMBERS OF SHENLEY PARK TRUST
Matters on which wo are requlred to report by exception
In the light of the knowfedge and understandin9 of the company and its environment obtained in the course of the
audit, we have not identified material misststements in the directors, report included wthin the trustees, report.
We have nothing to report in respect of the followng matters in relation to which the Companies Act 2006 require us
lo report to you if, in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not been re￿iVed
from branches not visited by us", or
the financial stalemenls are not in agreement with the accounting records; or
certain disdosures of trustees, remuneration specified by law are not made., or
we have not received all the infomiation and explanations we require for our audit-, or
the trustees were not entitled lo prepare the financial statements in accordance ¥Mth the small companies
regime and take advantage of the small companies, exemptions in preparing the report and from the
requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the statement of trustees. responsibilities, the trustees who are also the directors of the
charitable company for the purposes of company law are responsible fof the preparation of the financial statements
and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is
rne￿ssary to enable the preparation of financial statements that are free from material misstatement, whether due to
traud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing. as applicable, matters related to going concern and
using the going con￿rn basis of accounting unless the trustees either intend to cease operations, or have no
realistic alternative but to do so.
Auditor's responsibillties for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
aterial misstatement. whether due to fraud or error, and to issue an ayditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordanr
th ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered matefial if, individually or in the aggregate. they could reasonably be expected to influence
the economic dec4sions of users on the basis of these financial statements.
As part of an audit in accordance wth ISAS IUKI, we exercise professional judgemerrt and maintsin professional
scepticism Ihroughout the audit. We also-.
Identify and assess the risks of material misstatement of the entity's financial slatements, whether due to fraud or
error, design and perfom audit procedufes responsive to those risks, and obtain audit evidence that is sufficienl and
appropriate to provide a basis for our opinion. The risk of not detecling a material misstatement resulting from fraud
is higher than for one resulting from error, as fraud may involve collusion, forgery. intentional omissions.
misrepresentations. or the oveffide of intemal o)ntrol.
Obtsin an understanding of intemal control relevant to the audit in order to design audit procedures that are
approprsate in the circumstance5, but not for the purpose of expressing an opinion on the effectiveness of the
group's intemal control.
Evaluate the appropnateness of accounting policies used and the reasonableness of accounling esb'males and
related disclosures made by Ihe trustees.
Page 6

SHENLEY PARK TRUST
(A Company Limited by Guarantee}
INDEPENDENT AUDITORS. REPORT
TO THE MEMBERS OF SHENLEY PARK TRUST
We conclude on the appropriateness of the Iruslees. use of the going concern basis of accounting and, based on
the audit evidence obtained, whether a material uneertainly exists related to events or conditions that may cast
significant doubt on the charity's ability to continue as a going concem. If we conclude that a material uncertainty
exists, we are required tts draw attention in our auditorfs report to the related disclosures in the financial statements
or, if such disclosures are inadequate, lo modify our opinion. Our conclLisions are based on the audit eviden
obtained up lo the date of our auditor's report. However. future events or conditions may cause the Charity to cease
lo continue as a going concern.
Evaluate the overall presentation, structure and content of the financial stalemenls. including the disclosures, and
whether the financial statements represent the underlying transactions and events in a manner that achieves fair
presentation li.e. gives a true and fair view).
We communicate with those charged with govemance regarding, among other matters, the planned scope and
timing of the audft and significant audit findings. including any significant deficiencies in internal control that we
identify during our audit.
Irregulanties, Including fraud, are Instsnces ol non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to delect material misstatements in respect of irregularities. including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
making enquiries of management as lo where they considered there was susceptibility to fraud, their knowledge of
actual, su5peded and alleged fraud.,
considering the intemal controls in place to mitigate risks of fraud and non-compliance with laws and regulations..
and
tested joumal entries to identify unijsual transactions..
assessed whether judgements and assumptions made in determining the accounting estimates were indicative ol
potential bias.,
investigated the rationale behind significant or unusual transactions..
agreeing financial statement disclosures to underlying sUpp￿ting documentation.,
reading the minutes of meetings of those charged with govemance.,
enquiring of management as to actual and potential liligatron and claims
A further description ol our responsibilities is available on the Financial Reporting Council's website at..
IIWWW.frc.ofg.ukJauditorsresponsibililes. The description forms part of our auditorfs report.
Us9 of our report
This report is made solely to the company's members, as 8 bojy, in accordan￿ with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might slate to the company's members those
matters we are required to slate to them in an auditorfs report and for no otheF purpose. To the fullest extent
permitted by law. we do not accept or assume responsibility to anyone other than the company and the company's
Members as a body, for our audit work, for this report, or for the opinions we have formed.
2025
David Brown {Senior Statutory Auditor)
For and on behalf of Brown Warner LLP
Chartgred Accountants
Ststutory Auditor
38 Northgale, Newark-on-Trent, Nottinghamshire NG24 1 EZ
Page 7

SHENLEY PARK TRUST
IA Company Limtted by Guarantee}
STATEMENT OF FINANCIAL ACTNMES
(including Income and Expenditure Accounti
YEAR ENDED 31 MARCH 2025
Unrestricted R6stricted Designated
Funds
Funds
Funds
Total
2025
Totsl
2024
Income:
Grants and donations
1.257
1,257
1,182
Income from othertroding othitEs.'
Events
Fwst and juice sales
Sundry sabs and other income
2.992
6,611
27.296
2.992
6,611
27,296
3,630
9,292
23,211
Inveslment incom8
Interest
Rental income
Chapel hire fees
Hiie of sports factli1￿5
Walled garden hire
2,031
379.822
34.243
1,528
167
341
2,372
379,822
34,243
1,528
167
2,076
370.812
24,883
Olher
Gain on fixed asset disposal
Insurance claim
505
505
25,591
21,756
Total Income
341
482 433
Expgndituro
Cost of raising funds
Fundraising costs
423
Expèrtlilure on chaiitable acbviti8S
408.238
413,238
428.540
Totsl expondltur•
408 274
413 274
Not Incom￿(9xpend1turnI
b#fore transfvrs
48,178
15,0001
341
43.519
53,470
Tranafer betwn lunds
11
19.050
119.0501
Other galns and los
Property revaluation
Net movement In funds
67,228
(5.000)
{18,7091
43,519
53,470
Balances at 1 Aprll 2024
$86,518
171,743 12,517,680 13.275,941 13,222,471
Balanc8s at 31 March 2025
11
£653 746 £166 743 £12 498 971 £13 319 460 £13 275 941
The slalemenl of financial acliviltes indudes all gains and losses recognised in the year.
All income and expenditure derwe from contsnuing aclivities
The notes on pages 10 to 15 form part of Ihege financial slalemenls
Page 8

SHENLEY PARK TRUST
IA Company Limlted by Guarnnts¢l
BALANCE SHEET
31 MARCH 2025
2025
2024
Flxed assets
T8ngit)le assets
13.195,Y23
13,234.21XS
Current Assets
Stock
Debtor5
Bank deposrt aceA)unts
B8nk current account
Petty cash
1.754
31.958
193.350
40.6(
5.481
273.152
4.745
74.385
143,119
34,476
4,249
260.974
Credltors". Amounts falltng
due within more than C￿ jpar
(87.815)
{1172391
N•t ¢urrent ass•ts
185.337
13.W.
143.735
13.377.941
Cr•dltors'. Amounts falling
due after m¢ye than ono year
10
{61.2(Kll
1102.0001
Totsl n•t ¥$s•ts
£13,319.460
3.275.94
Fundi
Unrestrlrtgd
653,746
586.518
Deslgnated
12.498.971
12,517,680
R6slricted
166,743
171,743
Total funrts
11
£13,319.460
£13,275.94
The accounts ￿tre approved ty the on 2025 armj ¥wre >3n&Y on thew behalf by..
W Gordon
Chairman
Registered company numbeT- 02504980
Rog1st¢r￿ ¢harity numlJer- 803S20
The notes on pages 10 to 15 fc*m part of these financaal statem￿ts
Pagè 9

SHENLEY PARK TRUST
IA Company Limited by Guarantèè)
NOTES TO THEACCOUNTS
YEAR ENDED 31 MARCH 202S
l. A¢¢ountlng Poll¢les
Charlty Inforniatlon
Shenley Park Trust is a ¢*aritable ￿MpanY linMle(J by guarantee. incorpocaled on 23 May f990 and
registered as a charity on 21 June 1990. The company is govemed by rts Memor8rHJum and Articles
of AssorAation Yknich established the objectives and powers of the Charitab￿ corryjany.
The charity is ￿$ste[ed Vlilh the Charity Commission of England and Wales with the charity number
803520. The prinupal address is The Bothy, Shenley Path. Radlett Lane, Shenley. Herts WD7 7DW
The prinrypal accountsng poliues a¢Jople(J, iudgen*nls and key sources of eslimabon uncertainty
in the preparation ol the ffinancial statement are as follo￿$..
The financial $131emenls have been prepared in 8th￿rdance Accounting and Reporting by Charities..
Statement of Recommended Practice applicable lo charitEs p￿paring their accounting in accorclance
w¢lh the Finanoal Reports"ng Standar(l applicab* in Ihe UK and Republic ol Ireland IFRS 1021 leffedive
l January 20191- Chant*s SORP IFRS1021. the Financial Reports"ry StaTrJard awlcable lo the UK and
Republic of Ireland IFRS1021 arKI the Compantes Acl 2(￿.
Shentey Park Trust meets the definth'on of 8 public benefit entity urKler FRS 102. The accounts have been
Pfepared under the historical cost ￿n¥enbOn, modified lo Incjude the revaluation ol leasehokl and
Investment properties and lo Include certaln fin8nu81 instruwEnts at lair value. The charity ha$ taken
advantage ol the provisions in Ihe SORP lor charibes applww FRS 102 Upttaie Bul￿tIn 1 not io prepo
Slalemenl of Cash Fl¢)NWd.
The fln8ncial slalen*nts are prepafed In 81ertlng is Ihe 1￿ctiCI￿1 ￿rrenCY lor th• tharlty and
rounded lo Ihe nearest £.
In
Al Ihe bme ol 8pprovlng the accounts. the Intslees have 8 reo91)nable expect8tton that me charlty has
alequ8le resources to Continue in operali¢)n81 exislence for the lOfesee8b￿ fijlure. Thus the tru$leès
ntlnue lo adopl the golrvJ concem b88ls for aceounlirwJ In propallrwJ Iho occounts.
Unreslricled general lund5 Compri￿5 Iho88 Mon￿ Ihal moy be u8ed lowards meetlng the chafllab
objective5 at the disuellon ol the Irusleeo.
De8lgn8led lunds are uNe5tricled lurKIs e•mwrked by lh& IN81ees lor partlcular purp08ei.
Restri￿ed luThJ¥ arfj monies raised lor, 8nd tr￿1r Ltye reslricted lo. a 8Fedflc puryjose, or donatoon
$uble¢l to donor Imp08ed cor¥JS1i¢)n¥.
All incoming iesources are Induded In the Stale￿nI ol finanryal activit￿5 lyhen the ch8rity18 enlllled lo the
Income and the amount can be quantilkd ¥bilh reas0ftab￿ #ccurary. The follo*ing spec4fic policie8 are applled
lo particular income..
Grants ind donationB art ind￿led in full in Ihe state11￿1 of Fln•rid•l ArJMtye5 *then rec•lvable.
Income from other trading aclivib'88 Ind￿leS event income. frull and lulce sales and 8urKIry 501¢$.
I I Invesimènt inco￿￿ Is induded vknen ieceivable. Investff•nl Incoff¢ indudes inveslmenl portfollo di¥ldend8,
Inte￿81 8nd income from the rental of ￿￿'se5.
Liabilitie5 are recogni5ed as ￿SOurceS expeThYed as soon as there 1$ 8 leg81 or consIn￿tIVe obllgalion
committing the charity lo rnake a payment to a Ihird paty, il 1$ probable that a transfer ol economic
benefits wlll be requifed In se111e￿nI and the amount of the obligation can be reli8bly.
Resources expen(Jed Is accounted for in the Slalerr*nl of Financt81 Aeti¥ities on an accnjals ba81$.
They are reported as part of Ihe expendiiure lo vknich they relale..
Costs ol thjndraising eomprise the costs assooaled ￿ryth altrathr*J ￿n￿me and cosls ofgenerating
anullary incon￿.
Expenditure or¢ charllable aetiwlies C4)mprises those costs lnuJr￿ by the Chadty in the delivery of ils
8Ctivibes 8nd seN1￿$ for rts beneficiaries. It indtsdes bolh cosls thal can be allocated d1￿Ctty lo such
activities ar￿ those costs of an indirect nature nwssary lo support them.
l ¢osls a￿ allocaled bets￿n experbdrtU￿ categoiies of Ihe SOFA on a basts designed lo ￿fleet the use of
the resource. Cosls relating lo particular actiwties are allocated directy. others are apportioned on an
appropriate basis e.g. stsff tsFr* and estimated usage.
Page 10

SHENLEY PARK TRUST
IA Company Limitod by Guarnntse)
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
ratln
loases
Rentals applicable to operats'ng lea5e5 substsntbalty all the beneffts and risks of ovmetship remain %*ilh the
lessor are chargeij against InC0ft￿ as in¢urreiJ.
Ibl flx
Tangible fixed assets a￿ stated at cost less acwnuiileij dep￿lation. vAth the exceplion of investment
properties. The costs of minor addith"tsn$ a￿ not caprt8ltsed. Depreciation Is Pfowded al rales calculated
lo write off the cost of each a$$el over its exF¢¢ted uselul lrfe as f¢ykn+*3.'
Leasehold Propety
Leasehold Improvements
Office EqUIp￿￿nI
Pl8nl and Machinery
Furniture and Fittir¥Js
Molor Vehide8
2% striyht line basis
10% strawJM line ba$18
25% stravJht line basis
10- 20% Stra￿h1 line basi8
10- 20% stratghl line basi$
30% on r*t book valuè
Individual flxed assets coslin9 MO￿ than £250 a￿ capilaliswj al ￿$1. Fixed assets exduding property
vthich are fully depreaated and over five year5 okl are *hTrtten out ol Ihe balance sheet.
Investrnenl and Leasehold properties are induded in the Balance Sheet at Iheir rnafket valualS0n.
To the extent that the deP￿CIatiOn of the leasehold propety relales lo its revaluation amount. 8 transfer Is
made from Ihe revalu8tson reserve to felaineil eaming5 lo relled the dsfferenee bet%*en the depreciation
thafge on ievèluatlon amoL￿1 ond the ￿lgIn•l ￿$1.
Al each reporting end dale. Ihe charity review5 Ihe Car￿ThJ amounts ol its tar¥Jible a$sot$ lo delermlne
whether there is any Indi￿110n ihat those 8ssels have suffere(l an Invalm￿nI103S. 11 any such Indieallon
exlsts. the recoverable 8mounl of asset is eslimaled in order lo deteM￿ne the extent of Ihg Impairm¢nl1088.
Stock 1$ volued ai the l¢Mr ol ¢o$i and net r¢all$abkn v8lu•.
Cash It bank aTrJ in hand Indudes c•$h and deposit8 held al call Wth banks.
Credllor5 and Pfovlslons afe recognised %there Ihe tharity has 8 presenl obligallon resulllng from a
past event that wll probably ￿sU11 in Ihe transfer of lunds lo a Ihird party and the amount ¢Jue Io settle
the obllgalion can be measufe(l or eslimale(I reliably Ciedilorn and prov181ons are nom8lly reeognls¢
81 thèir settlemenl amounl after •llo%ing lor 8ny discounts dw.
The charity only has finand•l •88et8 8nO flnarKi*l liabllibes of a klrKI that qualify as ba¥k flnanclal
In8trum8n15. Basic finan¢ial instruments are initially re¢ognisod 01 tr8n38cty.on value end 8ub8equenlty
measured al Ihelr settlernnl valu8.
The company operates 8 defined contribution. extemalty funded peft$￿ pension cost charge
represents conln"bulions payable ty the company lo Ihe Fund.
The charity is exempl Irom tax on its charttable actiWI'es.
om
The company is a company limileil by guarantee. The rn¢￿ of the ￿rnpany are the truslees nan￿ on page 3.
In the event of the Company being VKJund up. the liability in resFttt of the guarantee is limited lo £1 per ￿￿rntser
ol the company.
Page11

SHENLEY PARK TRUST
IA Company LlmStod by Guardntoe)
NOTES TO THE ACCOUNTS {eontlnu•d)
YEAR ENDED 31 MARCH 2025
2 Judg•m•nts and k¢y sour¢os of astimatlon uncartalnty
In the ap￿¢¢ab"On of the tharilable companys a¢£ounb"ng pOl￿e$. the Injstees are reqtjired lo make rudgements,
estimates and assumptions aboLrt the Car￿ng arr￿Int of assets and liabilttses that are not readity apparent from
other SoUr￿s. The estimates and associated 8ssumplyons ¥e based on histOriC21 eypenenee and other fa￿oIS that
are considered to be relevant. Actual results may differ Irom Ihese estimates.
The estimates and underfw.ng assumptions are revIev￿ on an oTrJoing basis. Revisions to acCoun￿n9 estimates a
recognised in the peri￿1 in vthith the estimale is revised the revision affects only that period, or in ￿ period
of the rewsion and futu￿ periods V•twe the revision affects both cAJffenl aThJ fuiufe perio(ts.
Grants and donatlons
2025
2024
Donations
Total
1.257
DMd•nd• and Intsrost
2025
2024
Inte￿81 fec*ivable
Totsl
2.372
Expondliurn
St•ff Costs D•prKl•tlon othor Costs
2025
2024
Cost of ralslng fund¥
Events. promotions and publiaty
Charltablg •xp•ndliurg
Premises and park mainlenance
Juice and Pfoducts
Cricket Club survey aNJ In$F*dions
Legal and professional
Office and adrrunislralion
Accounlancy support
423
160.047
58.775
1 $1.058
2,991
369.880
3.991
375.548
9.679
4.603
11.589
11.112
5.911
11,331
11.225
5.911
11.231
11,225
Gov•rnane• co•ts
Salaries and wages
Stalulory accounis
Aud¢tOfs' remuneration
3.000
2,000
6.000
413274
3,000
2,000
6.000
428
164 047 ￿775
Staff ¢08ts
2026
2024
Salarle$
Employers national Insur8rKx costs
Pension
1 $0,677
9.721
3.649
£164 047
152.997
8.827
11.D97
£172 921
The average number of employee$ 4wds'.
Park director
Park maintenance
The tab￿ below ghovra the emoluments of our higher pa•J stsff errNJlurr*nts indude all benefits, exdu(ling employer
pension costs.
2025
2024
£60.000 to £69,999
The key management personnel of charity comprise Ihe ljuslees, Part Director and Fnterim Park Director. The
lotsl including emplO￿r nab.onal insurance ¢ontributions and pension conth'bulions of key manageffent pefsor¢nel
during the ￿3T vras £81,50812024- 60,658>.
Trusteg rvmunorntlon and rnlated party tran¥actlon
No tnjstee OT olher pe￿n relaled lo the chanty h3s any petsonal Inte￿St in any thitracl or transaction errtered inio
by the charity during the ￿ar12024- nill. The tnjslees %%Ere not paid Of reimbursed for expenses during the year.
Page 12

SHENLEY PARK TRUST
IA Company Llmrtgd by Guarant•el
NOTES TO THE ACCOUNTS Icontlnuedl
YEAR ENDED 31 MARCH 2025
7. TangSble fixod aos•ts
Pro
& Flttln
men
¢￿t or valuatlon
As al 1st hpril 2024
A(Idilion8
Oisposals or written out
As at 31$1 Marth 2025
11.992,250
1,138.843
210.507
19.228
6,846
222,889
2.493
1,678
2.425
2,5LX) 13,348.271
22.553
9.346
13,361,478
2,500
11.992.250
1.139.743
2,493
4,103
Depraclatlon
As at 1st Aprll 2024
Charge lor year
On disposals or Yditten OLrt
As al 31st March 2025
22.777
22,795
88.698
34.608
1.722
157
743
715
125
114.065
58,77S
6,685
166.155
625
45,572
117,246
1.879
1.458
N•t book v*lu8s
As al 31st March 2025
11,992,250
1.094,171
105.643
614
2.645
13,195,323
As al 31st March 2024
11992250
935
13234206
The inveslmenl properties and properts'es ysed by Ihe charrtable company have been extemalty wofessionalty valued by
Anthony Oliver of Olivei Akers Eslale Agents aTrJ Valuers as at 13 Soplember 2023.
historic cost of the In¥eStr￿ prope￿e5 is £1.652.374 {2024 £1.652,3741.
Page 13

SHENLEY PARK TRUST
IA Company Lirnited by Guardnteel
NOTES TO THE ACCOUNTS Icofttinu￿)
YEAR ENDED 31 MARCH 2025
Debtorn
2025
2024
Trade debtors
Trade debtors- more than 1 Year
Other debtofs
VAT
Prepayments
Accnjed income
26,089
44,235
3,145
2,845
9,895
3,342
14,C68
£74 385
1,154
1,570
£31958
Crnditorn: Amounts lalllng du• wlthln one year
Trade creditors
Taxation and social secufty eosts
Hire fees and ￿ntaI incorn in advan¢
Olher credrtors
Hire deposits
Other creditors
Arxruals
Ponsion fund loan {8ee note 9)
3.703
5,967
21.100
525
3,333
16,081
4,721
34,212
452
1.850
12.387
40,800
£87815
19.123
40.800
£117 239
10 Crndltor•.' Amounts f•lllng du• aft•r mor• than on• y•ar
Pension fund loan
£102 000
Th• trust had a loan from Hèrtfofdshire County Coun(al •8 at 31 Mafth 2022 in tho lurn of £204,000 ansing from tt* defiut of
the trust'8 T￿m￿•r$hIP of the Counofs pension schen* aThJ aystall￿d at that tsrn. The loan is repayabkn in equal monthly
inslalments of £3,400 over a fNo year ca)nTh￿ry in Odthr 2022. Tho boan is free of interest.
The loan 18 guaranteed by Hertsff*re Borough Counal which interKlod to hokl a charg¢ {as yet incompletel over the
property. the Stewards House. one of the propert*s make up tho portfol￿ of Pfoperties hokl by t1￿ trust, and which 18
valued al £695.1)JO in the trusvs accounts.
11 Funds
al Analysls of n•t assets bet*Yen funds
Tanglbl•
N•t CurT•nt
Fix•d As••ts A•sots
Long T•mi
Credllors
Total fund¥J
Ro•tri¢tod
Orchard tea room reserve
Play area
Infrastructure and sensory
161.742
161,742
s.rA)1
5,001
Deslgnatgd fvnd8
Capital reserve
Propety revaluation reserve
Property maintenance reserve
1.450.289
10,987.126
1,450,289
10.987,126
61,556
61,556
Unrgstrict•d fund8
General reserve
591,165
123.781
{61,2001
653,746
13 195 323
13319460
Page 14

SHENLEY PARK TRUST
IA Company Limited by Guarantee
NOTES TO THE ACCOUNTS l¢ontlnuod)
YEAR ENDED 31 MARCH 2025
b) Movement In funds
Balance
1.4.24
Incoming Outgoing
Re8oure• R•sourco8 Gain81108ses Transfer4
Balance
31.3.25
Re8trictgd funds:
Orchard tea room reserve
Infrastructure
Totsl re8trl¢ted fund•
161,742
10.(X)1
171.743
161.742
S.001
166,743
15.LXK)I
D•sign•tod fund8:
Capital reserve
Propety revaluation reserve
Propety maintenancE reseNe
Total do1ignated funds
1,450.289
11.fJ%,176
61.215
12.517 680
1.450,289
10,987,126
61.556
12498 971
{19,0501
341
Unr•8trtcted lundi:
General fund
Total unro8trl¢tsd fund•
Total funds
586 518 456.4S2
586.518
456.452
13 275 941
408,274
408.274
653,746
653.746
13319460
19,050
¢1 Puq)os•$ of funds
Restrlcted fund
The Orchard Tea Room Resorw represents th• anw)unt of th• grnnt re￿1vrAI fmm Hertsrmro Borough Counul for the building
of a rw4 pavilion in the park.
Infra$trudure funds were donated by HertsrMfe Borough Counal lo the charrty lor worf( on the park pathways and entranc8.
Also lund8 were donated by Tesco's Bags for Ltfe to Ihe charrty for a sensory garden.
D•slgnated funds
The Capital Reserve ropre8ents ￿ onginal furKls received by the Tnjst fr(*n tho Heamh Authorty on rts fornatson to enabl? it
10 8slabli8h the park. This has been adjusted since fornal￿n by tho lec09nrt￿n ol a credrt ¥ri$ing from the Hertford8hire
County pension 8chom8 in tho lum of £123.167 in 2022.
Thè Propoty Revaluation R88erv• represents drffernrKe bot*wn the rna￿81 v8lu8ts.on of Iho Investr￿n1 and18asehold
properties and the orwinal cost volu8 when thoy wore won lo trust.
The Property Maintenance Reservo * a fvnd to cover sorrn of tl* anbcyt•J r•poir and refu¢oishn￿n1 costs, which are
eXP￿ded to bo incuffod in ftrture on the trusfs prop8rt￿.
Unrn8trScl•d lund•
Comprise those lunds which the In￿te8$ are froe to use in accordan(t with the objeds of tt* chanty.
12 Pon•lon Costs
All p&nsion rAJsts are tharged against the gewal fvnd incurnd.
13 Related paty traMaction•
The trustees consider Shenley Parish Coun¢il and Hertsrnrn Borolwh Cwncil to be related part￿8 due to their right to
appoint Iruslees to the Board of the Truste￿ The chantable cryny paKI rates of £4,428 to Hertsfftsre Borough Coun¢tl
during the year. There were no othe( relaled party transactson.
14 Capitsl Comrnilment
Th8 trustees had not agreed or contracted for any further caylal eypeThJrture as at 31 Marth 2025 other than that on the park
greenhouses, as prevtously reported.
Pa9e 15