PUBLIC OPEN SPACE REPORT AND FINANCIAL STATEMENTS 31 MARCII 2024 Registered charity number: 810154 OFFICIAL
Public Open Space Table of Contents Report of the Trustees............................,...,...............................,............................ IndependentExaminer's Report....................................................,..................................... Statement of Financial Activities........... Balan¢¢ Shcct,.............................,.. Notcs to thc Financial Statemcnts............................,......................,,.............................. .9-10 OFFICIAL
Public Open Space Report of the Trustees for the Year Ended 31 March 2024 Tlie Trustccs present theii" ieport along with the fInicIal stamentS of the charity for the year ended 31 March 2024. The financial statementq have been prepared in accordance with the accoiinting policies set out in the nots thereto and comply with the charity's trust dced and applicable law. Reference and adminlstratlve information Namc of charity: Public Open Space Registered charity number: 810154 Address for correspondence: Finance Directoratc BiiThinghain City Council The Council Eluuse Victoria Squ&ue BirmingliaTn BI IBB Trustee: Biimiingham City Council Indepcndcnt F.xainincr'. Mr Jason Seagrave FCCA I Poplais Coun Leiiton Larie NottingE]am NG7 2RR Bank.. Barclays Bar PIC 15 Colmore Row Binningham B3 2BH OFFICIAL
Public Open Space Report of the Trustees for the Year Ended 31 Mareh 2024 Icont'd Structure, Governance and Management Govel'ning docupnent Tlie Trust was established by a Trust Deed dated 9 May 1950. It is a registered charity, with charity number 810154. The Trustee is Birniingham City Council. Recruilrnenl and appoinlmenl of irust£es I'hc trustecs, who served during thc yL'£W, and Since the year end, are s¢t out in the refcrcnce and administration details on page 2. Triistee Meetiiig, Day to day mana£emcnt decisions al'e made by '.I'rust and Charities Committee, which 18 made up ot. cight Louncil Members. Tee meinbers aLting as Trustees 'e necessary to forin d quorum. Issues are de¢i(ILd by a simple majoriiy of tl]ose present and voting? pi-ovided al least two Tru.qtees vote in favour of the resolution. Dcci8ions, siich as Ilisposal8 are made by Full Council sitting separately as Corporate Trustee. Objectives and Activities Thc Trustees have rcfcrrLd to tlie giiidance Colltained in the Charity Cominission's gLneriil &)iiidance oil i)ubliL beiiefit wlieii reviewiLig the aims <ind ubjeLlivcs of the charitable company and in planning any future aLtivities. In paiticular; th¢ Trustees have considei-ed how planned aclivitics will contribut¢ to tlic aiiiis and obj¢cLivcs set. The objectivcs of the chai'ity ¢ire to support and proinote the use ot. land for open space pUo$C5, in line with ILS governing dociiment. I'lie nDen Space iq mAnaged by Binningham c.ity Coiincil on bLhAIt' of the Charity, for the bcncfit of the citizens of Biiniiiigliain. Tlicy are curr¥ntly accessible to the general public. Public Benefit Tlie Trustees confirm tliat in the exerciqe of their powers as a charity tnistee, they liave had due rLgard to the published guidance fi'oni the Charity Commissioii on tlie operation of the public beneEit rcquii-cment. OFFICIAL
Public Open Space Report of the Trustees for the Year Ended 31 March 2024 {eottt7d) Achievements and Performance Total unrestrscted incoming i'esourees for the year were £96,288 (2023: £96,288). Charitable expenditure amouiited to £96,288 (2023: £96,288). Financial Review Unrestricted inLome for the period amounted to £102.392 (202_3: £96.288) and the principal funding sources were from Bimiingham City Council of £102,392 (2023: £96,288) and other Ancnine of £U (2023: £0). LJnrestricted expenditure toialled £102,392 (2023: £96,288) and coinprised .8upplies and services nf £1 02,392 (2023: £96,288). ReseYve,g and Ri.Ik manageme.lit The cliarity lacks sut-ficient tunds to maintain the public spaces and keep the area in good state. it seelis reguldr inLonic from Birminghain LILY C,()uncil. Conseciuently, any defiLit made is covered by the Lity Council. Ri.sk Mapjtigettieiil 'I'lie Truslccs keep linder rcvicw the majoi stratcgic and operaliondl risks which thc charity faL'cs and are satisfied that systeins have been establishcd in order lo minimise the pos.sible el"tccls ol. SULh riskb on tlic charity. OFFICIAL
Public Open Space Report of the Trustees for the Year Ended 31 March 2024 {¢ont'dl Trustees, ResponsibilAtiL's in Relation to the Financial Statements The I'nlstees are i'e.8poiisible far preparing the Annual Report and the Financial Statements in accordance with applicable kaw and the Financial Repoiting Standard applicable in the UK and Republic of Ireland (bRS 102) (effective l January 2019}- C,harittes SORI, (FRS 102) and the Financial Rcpoiting Standard applicable in tlie UK and Republic of Ireland (FRS 102). Tlie law applicable to charitie8 in F.ngland and Wales reqiiires tlie 'frustees to prepare financial Slatements for each financial year whicEI give a true and fair vicw of thc affairs of Ihc charity and of the incoining resources and application of resources of the charity for that period. In preparing Lliese finallcial statements, the Trustees are required to: select suitablc accounting policie8 and tlien apply tlicm consistently. ObSee the methods and principles in the Ch(iritie.% SORE) 2019. niiike judgements and estinialeq that (ire reasonable aiid pldent. state wlicLlier tspplicable LTK aLLouiiiiiig sLdard liave been f<)1 Inwed, subject to any deparre% di8clo8cd and explained in the fLnancial statcments. <Thd prepare tlie financial statements on the going concern basis unlc88 It is inappi-opriate to pre8iime that the charity will continue in operation, Tlie Trustees are reqponsible for keepingr <iccoiinting i'ccord.q that disclose witl) reasi)nable accuracy at any tiine thc financial position of ihe LliaL'Lty and enable them io cnsure that the finaiici<il %ldlemenLs L(Imply willi the Chai'ities Ac.t ?.n I I, the c.harity (ALcounts and Repoi'tg) RL'gulationq 2008, Finic ncial Rcporting Standard {I,'RS 102) and tlie pi'nvisions ot'the trust deed. They are also respotisible for safegLLarding the assets of the charily and lience for taking reasonable steps for tlie prevention and detection of fraud Lind other irregulai-itiLs, Approvcd by tlic Trustees aiid signed on their behalf by: Trustee: Councillor Phil Davi8 (Chair of the Trusts and Charities Coinmittee) Date: 15 Dcccmber 2025 OFFICIAL
Public Open Space Independent xaminer's Report to the Trustees of Public Open Space I report to the charity trLiStees on my examination of the accounts of the charity for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees you are responsible for the preparatinii of the accOlt$ in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's accounts cai-ried out under seclion 145 of thc Act and in Cdrrying out Iny exdiiiination I have followed all ihe applicable Dii'ections given by the Charity (:ornmission under section 145(5)(b) of the Act. Independent examiner s statement T have completed my examination. T confirni that no niaterial matters havc come to iny attention iii conneclion with the examinatioii giviIiLJ Liie cause to believe tlial in any material rc8pect: aLcoiinli13&) rLLoi-ds were noi kept in i'espeet of the charity as rLqLiired by section 130 of the Act. or tl)e a¢coLints do not accord with those record.%' Dr tlic accounts do iiot comply witli Llie applicable requireinenls LunLemiiig the lorm and content of aLcounts set oiit in thc Chai'ities (Accounts and Reports) R¢ilationS 2008 other ihan any rcqLLirement that ihe accoLEnts give a 'true and fail. view, which is not a matter considercd as part of dn indepeiident examination. I Iiavc no concern.s and have come across no otliei. matters in conneLtion witli the examination hic ttentioii should be drawn in this rcport in ordcr to enable a pi'opei. uiider.staiidiJig ol. LLI)U ts LO be reached. on Seagrave FCCA eagravc French LLP I Poplars Court Lentoii I.ane Nottinghaiii NG7 2RR Date: 15 December 2025 OFFICIAL
Public Open Space Statement of Financial Activities for the Year Lnded 31 March 2024 Unrestricted Restrieted Funds Total 2024 Total 2023 LNotes Incoming resources Other Income Birminghain City Council 102,392 102,392 96,288 Total Incomln% resources 102,.192 102,392 96,288 Resources expended Cli¢1rilable activicies 102.392 102,392 96,288 Total resnurces expended 102,392 102,392 ct incoming resources before transfers Transfer Gros8 iidnsfers betwccn funds Net incoming resources l)cfore other recounlsed galns and Insses Otliei. i'ecogni.%ed gainsllusses INet movemenl in fun(Is Reconciliation of funds BalanLL of fiinds brought forward at l April Balance of funds carried foi'ward at 31 March OFFICIAL
Public Open Space Balance Sheet as at 31 March 2024 Unresti'icted Restricted Funds Funds Total 2024 Total 2023 Notes Flxed assets Land and Buildings Current asscts Dcbtoi"%.' Amounts. falLing dLie within one year Creditors: Amounts falling due within un¢ year Net current a.8.sets rset assets Funds PeiinaiicnL Funds Unrestricted IY uns Total D'unds ApDrnve.d by the Tnigtees and sisned on their behalf by.. Trustee: Coullcillor Phil Davis {CEiair of the Trusts and Charities Committee) Datc: 1.5 Dec¢nibcr 2025 OFFICIAL
Public Open Space Notes forming part of the Financial Statements for the year ending 31 March 2024 Princi al Aecountin Policies Accountin Convention The accounL8 (findncial statements) have been prepared, in accordance with Accounting and Reporting by Charities.. Staiement of Recommended Pi-actice, applicable to charities preparing their accounts and in accordane¢ widi the Financial Reporting Standard applicable in the UK Id Rcpublic of Ireland (FRS I02) (effective l January 2019)- Charities SORP (FRS 102) and the Financial R¢porting Standard applicable in the UK and Rcpublic of Ireland (FRS 102). Tlie financial statements are prepared on a going concem basis, under the liistoric cost Lonvention, modified to include certain items at fair value. Tlie financial slateincnts are prcpai'cd in sterling, which is the functional cw'rency ()f the ¢hdl-ity. T]ie significant accounting policies applied in Lhc presentation of these financial slatements, are l out bclow. 'I'hese policies have been cnnqislently applied to all years presented, unless othciwise 8laLed. Thc charity hds tiiken advantagc, of the option provided in the Stateincnt of Recoininen(led Praclice, to u.4e headings in the Statement of F'inancial Activities, that are applicable to Lheir spccifie aLtivity, rathcr than rcporting on an aclivity basis b) Income All incoiniiig rcsoui'ce.q al'c included in ilic Statement of FinanLidl Activities when the charity is entitled 10 tlie incomc and the ainount Can be qiiantified wilh accuracy. Ex endiLure Lxp¢n.8c8 arc charged in the financial staL¢inenis in tlie ye(It' to which tlic liability relatcs. Cliai'ilable expeiidilure L()Inpriscs those costs incurred by the Charily iii the delivery of the dLtivitie8 aiid services for its benLFILidries. IL includes, b()th costs tliat can be allocatcd directly to such activitie.% and those Losts of an indirect natui'e, necessary to suppoi-l them. d) Fund Accountin Dct&ils and thc nattLre ol'each fund arc sct below: Unreslricted Funds comprise those funds which the Truslees are free to use in accordancc with the charitable objLCts. Restricted Funds reprL'%ent thosc assets that must be held permanently by the charity. OFFICIAL
Public Open Space Notes forming part of the Financial Statements for the year ending 31 March 2024 { cont'd) lllcomin Resources 21124 2023 OLher Income 13irniingham City Council Funding 102,392 96,288 102 392 Rcsour¢¢s Ex ¢nd¢d 2024 2023 Supplies and Scrvices F.xteI-nal Review C,osts Financial services provided by B(:C 102,392 96,288 102 392 RLmunei'&ition and Ex None i)f tlie Tstee% receivc reMie1-atioI] oi. otlier bci)efits trom the Cliarity or reimbursement foi. any expcns¢s incuri.ed on behalf of Lhe C'.htity, (2023: £Nil). Rescrves At l April 2023 Incoming Rcsoui'ces Outgoing Revaluation Resoiirce5 At_Il March 2024 Unrestricled reseLves Rcstt'icted reseives 102,392 (102,392) Funds 102,392 (102,392) io OFFICIAL