PRIORY PARK
To be dedicated, held, used and enjoyed as and for the purposes of a public park for the benefit of the inhabitants of the Borough of Southend-on-Sea and the recreation of the public area.
Objects
TO BE DEDICATED, HELD, USED AND ENJOYED AS AND FOR THE PURPOSES OF A PUBLIC PARK FOR THE BENEFIT OF THE INHABITANTS OF THE BOROUGH OF SOUTHEND-ON-SEA AND THE RECREATION OF THE PUBLIC AREA
Financial health, per its FY2025 accounts
The accounts state that the charity operated at a net expenditure of £36,951, which was fully covered by a donation from Southend City Council. The charity holds endowment funds of £563,054 and has no unrestricted reserves, as its reserves policy indicates it does not need to hold reserves because the Council funds any operational deficit. The filing confirms there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The total income for the year of £240,254 (2024 £244,966) includes a donation received from Southend City Council General Fund of £194,951” — page 4
“The trust does not need to hold reserves as any deficit which arises on the operation of the trust, should the trust have no funds to meet it, is funded by Southend on Sea City Council, which is sole trustee of the trust.” — page 4
“During the year the trustee (Southend City Council) donated £194,951 (2024: £195,666) to the Trust in respect of the funding required to cover the operational deficit for the year and to cover the cost of works required on the fixed assets of the trust.” — page 15
“The Trust paid the Council £239,306 in respect of operating costs for the year (2024: £244,126).”
“During the year the trustee (Southend City Council) donated £194,951 (2024: £195,666) to the Trust in respect of the funding required to cover the operational deficit for the year and to cover the cost of works required on the fixed assets of the trust.” — page 15
“The Trust paid the Council £239,306 in respect of operating costs for the year (2024: £244,126).”
“During the year the trustee (Southend City Council) donated £194,951 (2024: £195,666) to the Trust in respect of the funding required to cover the operational deficit for the year and to cover the cost of works required on the fixed assets of the trust.” — page 15
“The Trust paid the Council £239,306 in respect of operating costs for the year (2024: £244,126).”
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £240k | £277k |
| 31/03/2024 | £245k | £282k |
| 31/03/2023 | £230k | £267k |
| 31/03/2022 | £152k | £189k |
| 31/03/2021 | £164k | £201k |
Common questions
Is PRIORY PARK financially healthy?
Per its FY2025 accounts: The accounts state that the charity operated at a net expenditure of £36,951, which was fully covered by a donation from Southend City Council. The charity holds endowment funds of £563,054 and has no unrestricted reserves, as its reserves policy indicates it does not need to hold reserves because the Council funds any operational deficit. The filing confirms there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.