RICHMOND PARK
Promotes health and activity by providing open space for walking and outdoor activities and by providing sports facilities and playgrounds. Creates community involvement by working together with the Friends of Richmond Park Group and the Sheffield Green Spaces Forum. Promotes fun and enjoyment by providing facilities for play and recreation and holding public events.
Financial health, per its FY2025 accounts
The charity reported a net expenditure of £10,669, funded entirely by a revenue grant from its sole trustee, Sheffield City Council. Total funds stood at £785,115, all of which are tied up in fixed assets, with no unrestricted reserves held. The trustees state that no specific unrestricted charity reserves are deemed necessary as the Council bears any annual revenue variance.
What the accounts disclose
“As the charity is managed and funded by the Council no specific unrestricted charity reserves are deemed to be necessary. Annual revenue expenditure is generally greater than income and the variance is born by the Council and not carried forward into the next financial year.” — page 6
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £36k | £47k |
| 31/03/2024 | £58k | £51k |
| 31/03/2023 | £37k | £55k |
| 31/03/2022 | £38k | £38k |
| 31/03/2021 | £24k | £45k |
Common questions
Is RICHMOND PARK financially healthy?
Per its FY2025 accounts: The charity reported a net expenditure of £10,669, funded entirely by a revenue grant from its sole trustee, Sheffield City Council. Total funds stood at £785,115, all of which are tied up in fixed assets, with no unrestricted reserves held. The trustees state that no specific unrestricted charity reserves are deemed necessary as the Council bears any annual revenue variance. Its FY2025 accounts were independently examined.