HIGHFIELDS LEISURE PARK
Provision of public recreation and pleasure grounds for the people of the City of Nottingham forever.In order to acheive this, a programme of ongoing maintenance of grounds and equipment is completed each year. This ensures the provision of well maintained public recreation and pleasure grounds.
Objects
INCOME TO BE USED IN MAINTAINING THE PROPERTY OF THE CHARITY FOR USE FOR THE RECREATION OF THE PUBLIC IN THE CITY OF NOTTINGHAM AND OTHERWISE FOR THE PROVISION AND MAINTENANCE OF FACILITIES FOR RECREATION AND LEISURE-TIME OCCUPATION, WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE SAID PUBLIC.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £67,293 for the year ended 31 March 2025, with total incoming resources of £262,481 against total expenditure of £196,763. The trustees note that it is not appropriate for the Trust to hold reserves because the Council commits to meeting any net expenditure, and consequently, the policy on reserves indicates no reserves are held. The financial position is supported by unrestricted funds of £2,308,502, primarily representing the notional value of freehold land and buildings.
What the accounts disclose
“Income from Nottingham City Council funds the net expenditure of the Highfields Leisure Park Trust for the benefit of the citizens of Nottingham.” — page 18
“It is therefore not felt appropriate for the Trust to hold reserves.”
“The Council manages the Trusts’ capital investments and reserves within their bank accounts. The Council transfers the interest earned back to the trust as investment income. Total of £67,293 has been loan to the Council being the net surplus form operations for the year. A grant accrual of £1,575 has been included within the total income to reflect the increased grant provision in relation to fee accrual of Independent examiners cost. Transactions between the charity and NCC are in respect of the day-to-day operations of the charity. The Council charged the charity £161,184 (2023/24 £192,750) in respect of grounds maintenance and other support costs which is included in Resources Expended — Charitable Activities, within the Statement of Financial Activities. Individual councillors of NCC did not receive any benefits from the Highfields Leisure Park Trust.” — page 22
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
Structured financials (annual return, FY ending 31/03/2023)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £231k | £215k |
| 31/03/2025 | £264k | £197k |
| 31/03/2024 | £245k | £245k |
| 31/03/2023 | £2.3m | £219k |
| 31/03/2022 | £248k | £248k |
Common questions
Is HIGHFIELDS LEISURE PARK financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £67,293 for the year ended 31 March 2025, with total incoming resources of £262,481 against total expenditure of £196,763. The trustees note that it is not appropriate for the Trust to hold reserves because the Council commits to meeting any net expenditure, and consequently, the policy on reserves indicates no reserves are held. The financial position is supported by unrestricted funds of £2,308,502, primarily representing the notional value of freehold land and buildings. Its FY2025 accounts were independently examined.