Charity roglstration number 1078076
Company registration number 3828083 IEiigland and Wales)
PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
LEGALANDADMINISTRATIVE INFORMATION
Trustees
R Keenan
P Moore
fvl J Edwards
W Kelly
Secretary
Ms L Murdock
Charlty niirnber
1078076
Company iiumber
3828083
Registered office
Life Bank
23 Quorn Street
Liverpool
L7 2QR
Auditor
Alexander Myerson & Co Lirniled
61 Rodney Street
Liverpoo
L19ER
Bankers
HSBC Bank PLC
99.101 Lord Street
Liverpool
L2 SPG
Sollcitors
Maxwell Hodge
14 Castle Street
Liverpool
L2 OSG

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Truste8s' report
Statement of Trustees, fesponsibililies
12
Independent auditor's report
13-15
Consolid81ed statement ol financial activities
16
Consolidated balance sheet
17
Charity balance sheet
18
Consolidated statement of cash flows
19
Note5 to the financial statements
20-36

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report and consolidated accounts for the year ended 31 March 2024
The financial slalemenls have been prepared in accordance with the accounting policies Sel out in note 110 the
financial stalemenls and comply with the charity's governing document, the Companies Act 2006 and
Accounling and Reporting by Charities. Statement of Recommended Practice applicable to charilies preparing
their accounts in accordance with Ihe Financial Reporting Standard applicable in the U K and Republic ol Irèland
IFRS 1021 (effective 1 January 20191"
Achlevements and performance
As a registered charity, we work with the local community and other volvntary and slalulory organisalions in a
common effort lo provide education, daycare. health and wellbeing, recreation and leisure opporlunilies. We
receive no core fundiiig and rely on partnerships, private hire and vo5unlary donations lo keep Ihis outstanding
communily hub open lo all our users and visitors of the diverse community we serve
Parks Options would like lo fofinally acknowledge all our staff and volunteers for their continued dedication and
hard work through the challenging limes.
This year 2023-2024 Parks Options have now adapted lo the ever-changing landscape with aftermalh of the
pandemic and cost of l iving crisis and energy increases il has been a challengin9 time and the impact oli families
has been an extremely busy period for Parks Options Ltd as the narrative shows.
With the sale of our Job Bank building Ihg team ac¥oss the organlsalion built up connections through that period
One particular initiative was eonnecling with Fare Share, this was chose as a way to support our families lo
access food, as we seen a rise in an uptake of Ih1s service and are cuirently being involv8d in another project
Gall8d 'Neighbourly whereby they offer a food seNice.
The Trustees along with the senior team look on the work done within the workshop last year locking al the
Business slrategy lor Parks Options Group, This involved looking al what the gfOUP currently do, if we n8ed lo
add or engage in other ways, link with other stakeholders and look al inveslinenl opportunities. The Board
agreed that investment into the properties needed lo be high on the agenda as the facilities ef the Charily allow
the group lo deliver their much needed services lo their users
A financial mode1 was created across the group which enabled the leam to look al possible opportunities. By
doing this work the group were able to look al potential projects that we could apply for funding 8pplicalions and
other ways we Could look at engaging.
Fundlng
The team consistently submits funding applications lo support the development and enhancement of new
projects. Recent applications include those lo the Police Cominissioners Fund. Aviva, Our Local Nature inilialive.
Eleanor Rathbolle Charitable Trust, The Million Hours Program through the National Lollery, PH Holt Foundation.
GranlsGap8, and Neighbouily.
Yew Tree Nursery
Yew Tree Nursery is currently closed following a careful review by the Directors of Sure Options This decision
was laken after assessing the risks associated with maintaining operations amidst ongoing 51affing challenges
Like many nurseries nationwide, Yew Tree Nursery faced significant difficullies in recruiting fully qualified, full.
lime Early Years Practitioners. A5 a result, we were increasingly reliant on agency staff, which not only increased
operational costs bul also raised concerns about the consistency and quality of care provided lo the children
After thorough consideialion, closing the nursery was determined lo be the most prudent and responsible course
of action.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Llfe Bank hous8s the followlng organlsatlons:
Kensington Children's Centre
Life bank Nursery
LDAS.Liverpool domestic advise service
City health partnèrship formerly known as Smoke free
LSCB-Liverpool safeguarding Children Board
Income is generated through room hire, rents and catering. Thefe is no available space in Life Bank lo rent out
as il is now fully occupied. The team have been working hard lo link with other organisalions lo hire the main hall
out, this will be More noticeable in the accounts lor 2023-24.
Along with the grant income from various projects we have managed lo generate from solar panels
Parks Optlons Ltd soclal impact 2023-2024 $0 far..
Halloween Spooktacular event
Parks Oplions partnered up with Derry Mathews CIC and Jubi188 Sports Bank who hosted a free Halloween
event aimed at engaging the local community, particularly children. The event, held on Halloween, brought
together over 500 families from across Liverpool, offering a fun-filled experi8nce open lo all, regardless of
location Every child received a goody bag, and the event fealured games, prizes, and an inleraclive pantomime,
Recognising that crime rates typically increase during this time of year, our primary goal was lo provide a safe.
enjoyable environment for children, keeping them off the streets and away from potential trouble. The event was
made possible through the generous support of local donors, including Tesco's cornmunily champion. who
contributed over 300 apples to create toffee apples for the chlldren
Christmas party partnership wlth Derry Mathows CIC
We supported along with Jubilee Sports Bank Derry Mathews CIC lo host the "Everybody's Christmas" event, a
free celebration took place on the 17th December for the first 500 families lo sign up aeross Liverpool. The event
look place al the Adelphi Hotel in the eily cenlre, where we provided both financial support and volunleer
assistance from our staff who generously donated their time to ensure the event's success.
Families enjoyed a full day of festive aclivilies, including games, a disco. and a pantomime. Each child received a
meal, a gift, and a selection box, and had the opportunity to meet Father Christmas Many of our nursery families
attended and expressed their appreciation, describing the evenl as a wonderful day for the children, filled wilh joy
and excitement
Along with supporting Everybody's Christmas, event Park Options supported a Christmas Party Ihal was
facilitated by a residents association within Kensingtonl Fairfield area called Lister Residents Association. The
organisalion donated £5D to the party.
Tosco community Grant £1000.00
Sensory garden
Life Bank Nursery secured second place in the Tesco Community Grant vole al your local Tesco: earning a
generous grant of £1,000.001 Voting took place across Tesco stores from mid-January 2023 to March 31 sl. 2023,
and we are graleful for the overwhelming support from Tesco customers Ihroughoiil the U K. This funding W￿11 go
towards enhancing our sensory garden.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
In addition, Life Bank Nursery has incorporated a growino area Into our outdoor space lo support the children ol
Kensington in making healthy lifesl]I le choices. By educating them early on, we aim lo promote positive health
and well-being
The growing area provides opportunities for hands.on activities such as digging and gardening, which are highly
beneficial lor the development of both fine and gross motor skills in yOLing children. 11 also offers Iherapeulic
benefits, helping lo support children's mental health and emotional well-bein9. We are particularly excited to
engage our Afterschool Club children. encouraging them lo take ownership of this space by deciding what to
plant and maintaining it themselves
All children who allend our setting will have the OPPDrtunily to learn about life cycles through aelivilies SLich as
planting, digging, growing, watering, and caring for the allotment. For our younger children. gardening asso
seNes as a valuable tool lo expand their vocabulary, as they learn new words and concepts through exploratory
play while engaging in these meaningful aclivilies.
Faro Share Go
With the cost-of-living crisis Parks Options Ltd applied for the food share under the cosl-of-living support lor
organisations, Fare Share Go provides charities and community groups with direct access lo surplus food from
local supermarkets, including Tesco, ASDA and Waitrose & Partners, and wholesaler Booker
The food is good quality food that Can no longer be sold for a variety of reasons, such as darnaged packaging or
a short.slielf life. This does not have an impact on the standard 01 safely of the food items availab5e. Food
available often includes bread, eggs and fresh fruit. 11 will always be within its use by dale ancl is perfectly good lo
eat.
Benefits of Fare Shafe Go include..
Direcl regular access lo supermarket surplus food items
No cost implications for your organisalion
Opportu nity lo build a relationship wilh your local superm8rkel.
With this in place at our setting our nursery families can gain acc&ss lo this food which has be8n supportive
especially with unemployment on the rise and the fact that our nursery is sitLialed in on@ of the most deprived
areas In Liverpool.
Clothès donatlons
Our nursery also holds a clothing donations area whereby families can donate and collect clothes that have been
donated we have seen the demand for this over the last few years.
Come together Chrlstmas 2023
We are deeply grateful for the continued support we received in Oecember 2023 froin the local charity
organisation, 'Come Together Christmas., Once again, this wonderful project generously donated gifts and
pyjamas lo the children al our nursery, which serves one of the most disadvantaged areas In Liverpool. Our
children and families are profoundly thankful for the kindness and time given by the volunteers. whose efforts
make a meaningful differènce during the holiday season
Camp Tèrrlg
Camp Terrig continue their outdoor programme it's an outdoor educational respite centre in North Wales. The
prospects main programme for this was for children lo go on residential places or day visits, the children and
young people are be￿een the ages of 5-20 years. All Prospects 2000+ work has started up again and they are
doing visits with older and disabled people whorn may have not been socially active since lockdown

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Activities include:
Families who have not been able lo take their children away on holiday due lo expense have also made
use of Terrig and donated a contribution lo the running costs
Christmas day trips lo Mold ané cheshire
Walking Moel Famau, Moel Arthur, the Cal Walk, Devils Gorge and fflany more.
Oijldoor education currently evolving the difference beNveen city and rural issues
The effects of litter, learning what the environment is, how people lived in rLJral areas in the past elc
Conservation=
Prospects also do proiects with local farmers the Dee Valley and Clywdian range area ol
outstanding natural beauty park rangers. Over the years they have bLiiII relationships wilh schools, nurseries as
well as Bradbury Field5 Isewices for blind and partially sighted people) and Christopher Grange who operate
residential care for disabled people.
A group of older people attend a reunion twiGe a year As childr&n from Liverpool, they lived in
Colom8ndy and they try lo meet up and reminisce about their chlldhood
Volunteers
Al Parks Options we have a volunteer who allends the setting and does some basic office duties al the selling he
is a very productive part of the teair and due lo not beiiig able lo access INork due lo his sight loss and asperges
doing volunteer work has built his confidence and feels valued
SURE OPTIONS
Jubllee Sports Bank
Life Bank Nursery and Preschool have continued lo go from strength lo strength providing early years edLicalion
in a 78-place nursery selling
The nursery received an Ofsled in July 23 wenl from an 'lnadequate' lo a 'Good' which was a result lo the hard
work and dedication of all our staff
Ofsled reported that,,
Children learn aboul Iheir diverse cominui?ity and the woild arouiid them Ilproiigl? excitiiig, well-plaiine(l eveiits.
For example, Glpildreii 19arii aboiil Alricaii ciillLire aiid Iradilioiis Thoy celebrale Africa Day with Gl7aiiaiai?
dancers, acting o(It th8 Story of 'Handa's Siirprise, Diiring 'Saf81Y IFFOI?tl)'. clilldrei? handle Slldkes, lizards aiio
geGkos. They learn abotjt their l?abitals. ¥v17iGh they later récre8le. Children are beginiiing lo rnake ser7se of the
physical world and Ilioir own cominui?ity.
Life Bank Nursery is a cliverse and mullicullural environment where the majority ol our children speak English as
an additional language. We acknowledge and embrace the rich cultural backgrounds ol our children and families,
incorporating various traditions and celebrations into the fabri¢ of our nursery life
In recognilion of our commilment to excellence, the Early Years team at Life Bank Nursery was proLidly
nominated for and awarded the Certificate of Excellence in June 2024-a well-deserved achievement for our
dedicated team.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
We have tried to malntaln lower fees than competltois to support familles with cost of livlng
This year 2023-2024 occupancy al Lifebank nursery as shown below steadily increased over the year. There is
still a struggle for Lifebank nursery in the area of recruitment of Early Year Practitioners, we are nol alone in this
as there is a national shortage of these skilled professionals, and the pandemic add&d lo what was already
difficult positions lo recruit for.
Occupancy Is as follows;
Occupancy '/0
Budget 2023-2024
April 2023
May 2023
June 2023
Actual Kansington
75.9'/0
July 2023
August 2023
September 2023
October 2023
48.9'/0
November 2023
December 2023
January 2024
February 2024
March 2024
65.6°/0
Llfe Bank Niirsery
Life Bank Nursery prioritises ouldooi education as a vital component of children's learning. The outdoor area has
been Ihoughtfully developed lo allow children to grow their own fruits and vegetables. They participate in the
entire process, from harvesting to washing and preparing the produce, before taking il home as part of a pre-
prepared meal, such as soup, This program has been highly effective in encouraging childran. especially those
who might not have otherwise tried vegetables, to incorporate healthy eating into their routines.
Overall occupancy withi n the year 22-23 57,39'1, this year 60.78'/,
Occupancy within the nursery has increased and in March 2024 stood al 71.8010

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Our outdoor sensory area is a place we have further developed this year through various funding
avenues:.
Hlgher needs funding
Life Bank NuTsefy continues to secure High Needs Funding. designated for children whose development,
learning, or behavioural needs require interventions that are significantly additional lo, or differenl from, the
standard curriculum and educational provision typically offered lo childr8n of their age in niainslieam schools
This funding has allowed the nursery to further enhance the sensory garden, conlribuling to the holistic
development of the children in our care.
Additionally, the nursery has invested in specially designed outdoor play equipment tailored for younger children.
These resources facilitate aclivilies such as climbing balancing, and gross motor skill coordination. all of which
are essential lor physical development. Research consislenlly shows that frequent and regular access lo outdoor
learning is criliGal for young children and should not be considered optional. The Early Years Foundation Stage
IEYFSI Curriculum, which has been slatulory since September 2008 for childreii from birth through the end of
the reception year, underscores the iniportance of daily outdoor experiences for childrens 5earning and
development.
In recent years, societal Ghanges have led to reduced outdoor access for many young children, with conlribuling
factors such as heightened safety Goncerns and the increasing dominance of sedentary indoor activities like
television, video gam8s, and computer use.
Learning outside the classroom is crucial in fostering healthy. active lilestyles.11 offers children opportunities for
physical aclivily, movement, and a sense of well-being, while also providing unique experieiices connected lo the
natural world, includin9 exposure to changing weather and seasons. Outdoor play helps children develop an
understanding and respect for nature, the environment, and the ir7terGonnecledness of humans. animals, plants,
and life cycles.
Furthermore, outdoor play enhances problem-solving abilities, crealivlly, and imagination, offering rich
opportunities for exploration and innovation. The outdoor environment provides the necessary space for children,
particularly those who thrive through active movement. lo develop their physical skills and engage in meaningful
discovery. For very young children, sensory and physic31 experiences are essential for brain davelopmenl and
the creation of neural pathways. For many, outdoor play al early years sellings may represent the only
opportunity lo play freely and safely, while learning lo assess risk and navigate new silualions independently.
Jubilee Sports Bank
Achievements
We continue lo adapt to evolving business needs by transitioning lo a cashless system, upgrading from PayPa
lo PayPal Zellle as PayPal no longer supports chip and pin functionality.
The boxing room at JSB has been enhanced with new equipment, including boxing bags and gloves generously
donated by Derry Mathews C1C.
Our Saturday circuit training class is now successfully established. attracting a diverse range ol participants and
delivering positive oulcomes.
We are also strengthening our partnership with Derry's Fil Club and CIC. fostering greater engagement with the
local community through collaborative efforts

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR fHE YEAR ENDED 31 MARCH 2024
Sn 2023-2024, Jubilee Sports Bank IJSUI was pleased with the completion of ils refurbishment, which included
new gym equipment. This upgrade was made possible through a loan Irom Parks Options. The previous gym
equipment, nearly 20 years old, had been inherited when Sure Options look over from the previous organisalion.
The revamp was necessary lo provide the community with modern, up-lo-dale sports equipment. Parks Options
also contributed to the cenlre's renewal by carrying out maintenance bvork, including painting and flooring
upgrades.
JSB conlinued ils efforts lo expand ils network by connecting wilh other independent community sports facilities
across Liverpool and seeking polenlial funding opporlunilies, The centre actively engaged with various local
groups, including Derry Fil Club, Liverpool Family Tae kwon do, Harmonise Academy. Liverpool Foundation, and
others, lo create an(f strengthen links. External collaborations were built bvilh organisalions like the Greenback
Org8nisalion, Roller Birds, MM Boxing, Action for Autism, and Liverpool City Council.
8y the end of 2023, J SB had succ8ssfully established valuable connections with a local boxing gym, leading lo
the slari of collaborativ& efforts.
See ple chart to show this year whare we generated income.
Sports Bank Income 2023.2024
Vendln8 SO￿$
196
Fltness
SiiltelClhssè$
21%
Spoits Hall
78%
￿￿.¥*￿
Fltness Suiiè/Classes 11 Swjits Fkll • Vendln8 ¥.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Fitness suite income increased from 11,/0 of total income 10 23-24 210/0 again with vending increasing as well as
sports hall dropping from 89.10 to 780/0.
JSB never received any grant income within this year generated Sports centre.
An annual comparison from 2022-2023 to 2023-2024..
Daily Passes 23-24 highest month July (29) lowest month December15) 22-23 highest month133) November 22
Lowest141 in December.
Weekly passes 2022-2023 no weekly passes sold.in 2023-2024 highest was161 in June.
Monthly membershlp Income in December in 2022-2023 highest month 1511 Januanj and lowest 18)
December.in 2023-2024 highest month (621 in March and lowest month {111.
Class passes with gym membership, monthly no Glasses.
No Astro usage within the sports centre we also had again due 10 coronavirus and pitch damage a period whère
there was no usage.
Student's monthlyldally 2022-2023 highest month (431 September and lowest month151 in December. In 2023-
2024 highest month161) in January and lowest months June & December1181.
Flnanclal Revl8W
The consolidated Statement of Financial Activities shows a negative nel movement of funds of £124,132 (2023.
£104,474). Total funds carried Iotward were £2,565,81612023.. £2,689,948) as al the Balance Sheet dale.
In respect ol the charitable parent company alone, lolal income was £265,279 (2023,. £308,543) for the year.
After taking into account 8xpenses of £375,05312023.. £484,516). which inclLide Ihe inleicompany debt forgiven
of £Nil (2023. £76,400), there was a net negative movernent on funds of £109,774 (2023: £155,973) lor Ihe year.
The charity's funds cornprised of unreslricled funds of £2,531,314 {2023.' £2,641,088) as al 31 March 2024,
Sure Options Limited made a pre and posl-lax loss of £14,358 12023,. profit £48,499) lor the year after
accounting for the intercompany debt forgiven of £Nil {2023. £76,400).
Reserves pollcy
11 is the policy of the charity lo maintain unrestricted fLinds, which are the free reseNes ol the charity, at a level
whereby expenditure in Ihe region of 3 months, estimated costs will be covered Based on the accounts lo 31
March 2024 Ihis would require approximately £229,000 of free 18serves, which has be8n met.
Risk management
The Iruslees have assessed the major risks to which the chaiily is exposed and are satisfied thal systems are in
place to manage exposure lo the major risks.
The Trustees. al their Board meetings, sel out tlie slralegic direction in which the charity should operale.
They adopt the policies and agree the practice lo deliver the strategy.
The Chair of Parks Options and the Chair of Sure Options meet weekly with the Chief Execulive lo discuss all
current issues. No decisions are taken al these meetings, decisions are left to the ielev8nl Board meetings. The
weekly meetings are an opportunity lo discuss issues in depth and lo provide advice and support to the Chief
Executive.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT>
FOR THE YEAR ENDED 31 MARCH 2024
Publlc 8eneflt
The board of Iruslees are satisfied that Parks Options Limited has fulfilled ils charitable objectives for 202312024
and thereby provided commensurate public benefit in CDmpliance with the provisions ol section 4 Charities Act
2011.
Plans & new challenges for 2024-2025
Continuing 10 work with fare share slrenglhening stronger partnerships to support our families.
continue to work towards cashless site through card machine.
More income for JSB looking at OAP. Students we need to largel siudenl residents with leaflets.
New website development for nurseries and sports cenlre.
Jubilee Spoils Bank engaged more with local community, schools. and medical centres, alreadi
established with in youth forum
JSB. -Hall availability offering in Sess busy periods i.e., 30-minule classes which are very popu lar.
external classes.
looking at opportunities for funding to upgrade the Astro pitches.
Linking with schools.
Women only classes especially within the BME Community. offer on weekday after school drop or
SatLirday a lot of women Inay work through tlie week.
Source funding for a potential weekend class i.e , maybe -self-defence class.
shorter circLiils working different body areas
Link in with local 'SoGial Prescriptions within the Kensington area linking with local Gornmunily
SUPPOft networks.
Mindfulnesslyoga in the workplaGe could offer the n ursery Ichildren centre to access class over at
JSB and comes out of training budgets which helps increase JSB Income.
Engag ing older generation through OAP -yoga, ta chi, lighlei exercise class.
After school growing club al life bank lo enhance our nursery outdoor educalian.
Social media -JSB have now a presence on social media they currently have thiiier 2nd Inslagram
a¢coLints and have been receiving positive feedback from their customers.
Programmes for half term for children.
Working with AFC to try and gel the home ground on sile.
Apply for the new government early years expansion programme to enhance our current setting
Structvre, governance and management
The charity is a company limlled by gLiaranlee. The charity's objects are lo promote urban regeneration by
providing unemployed people ill the local area opportunitie5 to learn basic numeracy, communication, literacy
and information technology skills, learn how their work can contribute lo the community. acquire job specific skills
and develop as a worker in terms of interpersonal ski115 and self-organisalion. The charity also provides a
service for local employers and is continuing the process of implementing a high level business leaders group.
The charity will co-operate with other agencies concerned with the poor and unemployed and will arrange
conferences and seminars to discuss the development of employment opportunities and provide open access to
the Charity's premises for all sections of the community, organising and promoting lectures, day schools,
exhibitions, and talks.
The company was incorporaled under the Companies Act 1985 Icompany registration number 38280831 and was
registered as a charity on 5 November 1999. It is therefore governed by Ils Memorandum and Articles of
Association.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT}
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also Ihe directors for the purpose of company law, and who served during the year and up
lo the date of signature of the financial slalements were
R Keenan
P Moore
M J Edwards
W Kelly
Mone of the trustees has any beneficial interest In the company. All of the Iruslees are mernbers of the company
and guarantee lo contri bule, if required. £1 in the event of a winding up.
No person other than a Trustee retiring by rotation shall be appointed or reappointed a Trustee al any general
mèeting unless..
They are recommendeé by the Trustees, or their appointment is propos&d by a member qualified to vole al the
meeting.
The process for appointing Trustees is by an interview Wlth the Chief Executive, al this interview the career and
inleresls of the individual are discussed The Chief Executive then prepares a report with a recommendation that
Is discussed al the next Board meeting The Board then decides if they wish lo appoint the applicant lo the
Board If they decide not to appoint, the Chief Executive provides feedback lo the applicant on why they were not
appointed.
The Trustees have regular nieelings lo agree slralegy and endorse decisions regarding the day to day activities
of the Charity.
Key management p&rsonnel ramuneratlon
The truslees consider the board of Iruslees and the senior management including the Chief ExecLilive are the
Key management of the charity in charge of direcling and controlling the charity and running and operating Ihe
charity on a day-lo-day basis. All Iruslees give of their time freely and no Iruslee remuneration was paid in the
year. Details of Iruslee expenses and related party transactions are disclosed in the accounts
Trustees are required to disclose all relevant interests anc5 register them with the Chief Executive and in
accordance with the Trust's policy withdraw from decisions where a conflict of interest arises.
The pay of the charity's chief execLltive is reviewed annually and normally Increased in accordance with average
earnings. In view of the nature of the chsrily, Ils economy ol operations, and the extensive use of professional
advisers lo Ihe trust board. The remL*neralion is also bench.marked with granl-making charities of a similar size
and activity to ensure that the remuneration sel is fair and not out of line with that generally paid for similar roles.
Please note staff are not gLiaranleed pay awards or bonuses in salaries and in cases whereby this Is
recommended this then goes lo the Chief ExecLltive lo aulhorise and requires that there be clear evidence of
sustained outstanding performance or evidence lo show the staff member has taken on additional roles or
responsibilities.
10

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Auditor
In accordance with the company's articles. a resolLilion proposing that Alexander Myerson & Co Ltd be
reappointed as auditor of the com pany will be pul at a General Meeting.
Disclosure of information to aiiditor
Each of the trustees has confirmed that there is no information of which Ihey are aware which is relevant lo the
audit, but of whiGh the auditor Is unaware They have further eonfirmed that they have taken appropriate steps to
Identify such relevanl information and lo establish that the auditor Is aware of such information
The Trustees, report was appfoved bil the Board of Trustees
R Keenan
Trustee
Dated. 4 11
LIIGI*

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Irustees, who are also the directors of Parks Options Limited for the purpose of company law. afe responsible
for preparing the Trustees, IReport and the financial statements in accordance with applicable law and United
Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice)
Company Law requires the Iruslees to prepare financial statements for each financial year which give a true and fair
view of the slate of affairs of the charity and of the incoming resources and application of resource5. including the
income and expenditure. of the charitable company for that year.
In preparing these financial statements. the Irusle8s are required lo..
select suitable accounting policies and then apply them Consistently,
obseNe the methods and principles in the Charities SORP.,
make judgements and estimates that afe reasonable and prudent.,
state whether applicable UK Accounting Standards have b8en followed, subject lo any material departures
disclosed and explained in the financial statements, and
prepare the financial statements on the going concern basis unless il is inappTopriale lo presume thai the charity
will continue iii operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al
any lime the financial position of the chaTily and enable them lo ensuré that the financial statements comply with the
Coinpanies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prev8nlion and detection of fraud and other ifregularilies.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PARKS OPTIONS LIMITED
Oplnlon
We have audited the financial statements of Parks Options Limited Ilhe 'charity'l and Ils SLibsidiary Ilhe 'group'l for
the year ended 31 March 2024 which comprise the Consolidated Slalemenl of Financial Activities. the Consolidated
and Parent Balance Sheets, the Consolidated Statement of Cash Flows the slalemenl of financial activities, the
balance sheet, the statement of cash flows and the notes lo the linanGial slatemenls, including significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable law
and United Kingdom Accounting Standards, including FRS 102 Tl)e Fii?aiicial Reportiiig Stanclard applicable li? È17e
UK and Repiiblic of Ireland IU niled Kingdom Generally Accepted Accciunling Practice)
In our opinion, the financial statements.
give a true and fair view of the stale of the groups and the charitable company's affairs as al 31 March 2024
nd of ils incoming resources and application of resources, for the year then ended.,
have been properly prepared in accordance with Uniled K1ngdom Generally Accepted Accounting Practice,
and
have been prepared in accordance wilh the requirements of Ihe Companies Acl 2006,
Basls foroplnion
We conducted our audit in accordance with Snternalional Standards on Auditing IUKI IISAS IUKI) and applicable
law. Our rebponsibilities under those standards are further described in the Audilor's r8spoiisibililies lor the audil ol
th8 financial slalements section of our report. We are independenl of the group and the charily in accordance with
the elhical requirements that are relevant to OLir audit of the financial statements in the UK, including Ihe FRC'S
Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these reqLiiremenls. We
believe that the audit evidence we have obtained is suffici8nl and appropri81e lo provide a basis for our opinion.
Concluslons relatin9 to golng concern
In auditing the financial slalemenls, we have concluded that the Trustees, use of the going coiicern basis of
accounting in the preparation of the financial slalernenls is appropriate.
Based on th8 work we have performed. we have not identified any material uncertainties relating lo events or
conditions that, individually or colleclively, may cast significant doubl on the charity's ability lo continue as a going
concern lor a period of al least Iwelve months from when the financial stalemenls are aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going conGein are described in the
relevant sections ol this report
Other Information
The other information comprises the information included in the annual report other than the financial statements
and our auditor's report thereon The trustees are respoiisible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and, except lo Ihe extent
othewise explicitly staled in our report, we do nol express any fofm of assurance conclusion Ihereon. Our
responsibility is lo read the other information and, in doing so, consider whelher the other information is materially
inconsislent with the financial stalemenls, or our knowledge obtained in the course of the audit, or olheNise
appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslalemenls,
we are required lo determine whether this gives rise lo a malerial misslalemenl in the financial slalemenls
themselves. If, based on the work we have performed, we conclude that there Is a material misslalemenl of this
other information, we are required to report that fact.
We have nothing to report in this regard.
Opinlons on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course ol our audit..
the information given in the Trustees, report for the financial ye8r for which the financial slalements are
prepared, which includes the direclors, report prepared for the purposes of company Saw. is consistent with Ihe
financial Statements, and
the directors, report Included within the Trustees, report h8s been prepared in accordance with applicable legal
requirem&nt5.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT (CONTINUEDJ
TO THE MEMBERS OF PARKS OPTIONS LIMITED
Matters on which we are required to report by exceptlon
In the light of the knowledge and understanding of the groLlP and the charity and its environm9nl obl8￿ned in the
course of the audit, we have not identified malefial misstatements in the directors, report included within the
Trustees, report.
We have nothing lo report in respect of the following matters in relation lo which the Con)panies Acl 2006 requifes
us lo report to you if, In our opinion..
adequale accounting records have not been kept, or returns adequate for our audit have not been received
fforn branches not visited by us., or
the financial statements are not in agreement with the aGcounling records and reluins, or
Certairs disclosures of tfUStees' remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit, or
the trustees were not enlilled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing Ihe Trustees, report and from Ihe
requirement lo prepare a strategic report.
R8sponslbllitles of trustees
As explained more fully in the statement ol Trustees. Ipsponsibilities, the Iruslees, who are also the directors ol the
charity for the purpose of company law, are responsible lor the preparation of the financia1 slalemenls and lor being
satisfied that they give a true and fair view, and for such internal canlrol as the trustees determine is necessary lo
enable the preparalion of financial slalem8nls that ar8 ffee from material misstatement, whether due lo fraud or
error. In preparing the f1nancial slatemenls, the Iruslees are responsible for a8$essing the group's and the charity s
ability to coiilinue as a going concern. disclosing, as applicable, mallers related lo going concern and using the
going concern basis of accounting Linless the trustees either intend lo liquidate Ihe group or the charitable company
or lo cease operations, or have no realistic alternative bul lo do so.
Auditor's re5ponslbllltles for the aud it of the flna nclal statemeiils
Our objectives are lo obtain reasonable assurance about whether the financial stalemenls as a whole are free from
material misstatement, whether due lo fraud or error. and to issue an auditor's report that include5 our opinion.
Reasonable assurance is a high level of 8ssuranGe but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material mis51aleMent when il exists Misslatements can arise from fraud or
error and are considered malarial if, individually 01 in the aggregate, Ih8y could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financial slalemenls.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
The extent to whlch the audit was consldered capable of detectlng irregularities, InGluding fraud
Our approach lo identifying and assessing the risks of materia5 Inisstalemenl In respect of irregularities, including
fraud and non-comp5iance with laws and regulations, was as follows..
the engagement partneT ensured that the engagement team collectively had the appropriate competence.
capabilities and skills to idenlity or recognise non-compliance with applicable laws and regulations.,
we identified the laws and regulations applicable lo the company through discussions with directors and
other management.,
we focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the company, inclLiding the Companies Act 200S, taxation
legislation and data protection, anli.bribery, employment and health and safely legislation,
we assessed the extent of compliance with the laws and regulalions identified above through making
enqui ries of management and inspecting legal correspondence, and
identified laws and regulations were communicated within the audit team regularly and the team remained
alert to instances of non-compliance throughout the audit
14

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PARKS OPTIONS LIMITED
We assessed the susceptibility of the company s financial statements lo malefial Inisslalement. including obtaining
an understanding of how fraud might occur, by
making enquiries of management as lo where they considefed there was susceplibilily lo fraud. their
knowledge of aclu21, suspected and alleged fraud, and
consiotering th8 internal controls in place to mitigate risks of fraud and non-compliance iNilh laws and
regulations.
To address the risk of fraud through management bias and override of controls, we
perforrn8d analytical procedures to identify any unusual oi un8xpected relationships,
tested journal entries to identify unusual Iransactions..
assessed whelher ILfdgemenls and assumptions made in delermining the accounting eslimales were
indicative of potential bias., and
invesligal8d the rationale behind significant or unusual transactions.
In response to the risk of irregularitles and non-compliance with laws and regulations, we designed procedureg
which included, but were not limited lo.
agreeing financial statement disclosures to underlying supporting documentation.,
reading the minute5 of meetings of those charged with governance.. and
enquiring of management as 10 8clual and potential liligalion and claims.
There arè inherent lirnilalions In our aiidil procedures described above The mor8 removed that laws and
regulations are from financial transactions, the less likely il is that we would become aware of non-compliance.
Auditing sta ndards also limil the audit procedures required to identify non.conipliance with laws and regulations to
enquiry of the directors and other management and the inspection of iegulalory and legal correspondence, if any
Material misslalements that arise due lo fraud can be harder lo detect than those that arise from error as they may
involve deliberate concealment or collusion
A further description of our responsibilities is available on the Financial Reporting Council's website al.. hltps'.11
MV frc.org uklaudilorsresponsibililies. Thls description forms part of our auditor's report,
Use of oiir report
This report is made solely lo the charitab18 cornpany's member8, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006 Our audit work ha5 been undertaken so that we might slate lo the charitable company's
members those mallers we are required to slate to them in an auditors report and for no other purpose To the
fullesl exlenl permilled by law, we do not accept or assume responsibilily lo anyone other than the charitable
company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
Paul Burns Bsc BFP FCA {Senlor Statiitory Auditor}
for and on behalf of Alexander Myerson & Co Llmited
Chartered Accountants
Statutory Audltor
81 Rodney Street
Liverpool
L1 9ER
15

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unreslrscled
funds
2023
2024
Notes
Income and endowments from,.
Donations and legacies
Charitable activities
Other trading activities
Investment income
Other income
64,044
115,195
802,464
8,387
6.132
28,690
101.648
801,509
2,072
3,911
64.044
114.195
602,464
8.387
6.132
1,000
Total Income
795,222
1,000
796,222
937,830
Ex
eiid itu re on.,
Raising funds
569,191
654.301
569,191
Charitabl8 activities
350,163
1,000
351.163
379,576
11,427
Olhar
Total expendlture
919,354
1,000
920,354
1.045,304
Net expendlture for tho yearl
Net movement In funds
{124,132)
1124.1321 1107,4741
Fund balances al 1 April 2023
2,689,948
2,689,948 2.797,422
Fund balances at 31 March 2024
2,565,816
2,565,816 2,689,948
The statement of financial activities include3 all gains and losses recognised In the year
All income and expenditure derive from continuing activities
The slalemenl of financial activities also cornplies with the requirements for an income and oxpendilliie account
under the Companies Acl 2006.
16

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
CONSOLIDATED BALANCE SHEET
AS Af31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
2.179,023
2.208,366
Current assets
Oebtors
Cash at bank and in hand
21
57,766
465.375
59,279
805,587
523,141
664,866
Cr8dltors: amounts falling dua wlthin
one year
23
110e,0311
1134,0991
Net current as5els
417.110
530.767
Total assets less current Ilabiliti8s
2,596,133
2,739.133
Credltors: amounts falling due after
more than one year
2S
130.317}
149,1851
Net assets
2,565.816
2,689,948
Income funds
Unre51ricled lund5
General unrestricted funds
Revaluation reserve
2,253.038
312.778
2,373,921
316.027
2,565,876
2,68g,948
2,565,816
2,689,948
These financial statements have been prepared in accordance with the provisions applicable lo companies subject
lo the small companies regime.
The financial staternénts were approved by the Trustees on
R Keenan
Trustee
Company Regi5tratloii No. 3828083

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
CHARITY BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
Inveslmenls
16
17
2,105,917
2.130 553
2,105,918
2,130,S54
Current assets
D8btors
Cash al bank and in hand
22
132,827
374,133
94,842
512.885
506,960
607,527
Creditors: amount5 falling due wlthin
one year
24
(67,2651
172,8061
Net current assets
439.695
534,721
Total assets less current Ilabilltles
2,545,613
2,665,275
Cradllors.. amounts falllng due after
more than one year
25
114.2991
124,1871
Net assets
2,531,314
2.641.088
The funds of the charity
Unrestricted funds
Revaluation reserve
2,218,536
312.778
2,325.061
318,027
2,531.314
2,641.088
2.531,314
2,641,088
These financial slalemenls have been prepared in accordance with the provisions applicable to companies subject
lo the small companies regime.
The accounls were approved by th8 Trustees on
,/,].
R Keenan
Trustee
Company Registration No, 3828083
18

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operatlng activities
Cash (absorbed by)Igenerated from
operations
38
1128,2911
1120,5301
Investing activlt18S
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Interest received
(9,200)
{67.891)
8.387
2,072
Net cash (used inllggnerated from
Investlng activlties
(8131
165.8191
Finaiiclng actlvlties
Repayment of bank loans
118,869)
119.270)
Net cash used in flnanol ng activltle5
(18,889}
119,270)
Not Idecreaselllncraase in cash and cash
equlvalents
1140,2121
(213,3801
Cash and ca8h 8quivalenls at beginning of year
605,587
818,967
Cash and cash equivalents at end of year
465,375
60S.587
19

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EMDED 31 MARCH 2024
(Conti nued)
Accounting pollcies
Turnover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for good5 and setNices provided in the normal course of business, nel of discounts, VAT and other
sales related taxes.
1.5 Expènditlire
Expenditure is recognised once there is a legal or constructive obligation to Iransler economic benefit lo a
third party, il is probable that a transfer of economic benefits will be requir8d in seltlemenl, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs Df each activity are made up of the lolal ol direct costs and
shared costs, including support costs involved in undertaking each activity Direct costs allribulable lo a single
activity are alloc81ed directly lo Ihat activity Shared cosls which contribute to more than one activity and
support costs which are not altribiitable lo a single aclivlty are apportioned between those activities on a basis
consislenl wilh the use of resources. Central Staff costs are allocaled on the basis of lime spent. and
depreciation charges ar8 allocated on th8 Portion of the agsel's use.
Expenditure is included in the Statement of Financial Aciivilies on an accruals basi5. inclusive of any VAT,
which cannot be reGovered.
Certain expenditure is directly altribulable lo specific activities and has been included in those cost
categories.
Certain other cosls, which are atlribulable lo more than one activity. are apportioned across cost categories
on thè basls of an estimate of the proportion of time spent by staff on those activities.
1, 6 Tang Ible f ixed assets
Tangible fixed assets are initially measured at cost and subsequently measured al cost or valLtalion, net of
depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valLJation of assets less their residual values over Iheir
useful lives on the following bases.,
Freehold buildings
Leasehold buildings
Fixtures, fittings & equipment
Computer5
10/0 reducing balance 112-24 months straight line
1 D/D reducing balance
15'/o reducing balance
250/0 Straighl line
rhe gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset and is recognised in the statement of financial activities.
1.7 Impairment of flxed assets
At each reportirig end dale, the Gharity reviews the carrying amounts of ils tangible assets lo determine
INhelher there is any indication that those assets have suffered an impairm&nl loss. If any such indication
exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impairment
loss (if any)
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid
investment5 Wlth original maturities of three months or less, and bank overdrafts.
20

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounti ng pollcies
Icoiitinued)
1.9 Flnancial instruments
The charity has elected lo apply the provisions of Section 11 Basic Financial Instruments, and Section 12
'Olher Financial Instruments Issue8, of FRS 102 to all of its financial inslrumenl6.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the
conlraclual provisions of the instrument.
Financial assets and liabilities ale offsel. with the nel amounts presented in the financial statements, when
Ihefe is a legally enforceable right lo sel off the recognised amounts and there is an intention lo sellle on a
net basis or lo realise the asset and settle the liability sirnullaneously.
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the
effective int8r8St method unless Ihe arrangement constitutes a financin9 Iransaclion, where the transaction is
eas ured at the present valu& of the future receipts discounted 81 a market rale of inleresl Financial assets
classified as receivable within one year are not amortised.
Basic flnancial liabilities
Basic financial liabllities, including creditors and bank loans are initially recognised al transaction price unless
the arraiigemenl conslitules a financing transaction, where the debt inslrLimenl is measured al the present
value of the future payments discounted al a market rate of interest. Financial liabiliti88 Classified as payable
within one year are not amortised
Debt instruments are subsequently carried al amortised cost. using the effective inter8st rate method.
Trade creditors are cbligations lo pay for goods or services that have been acquired in the ordinary Coufse ol
operations from suppliers. Amounts payable are classified as current liabililies if payment is due within one
yèar Of less, If not, they are presented as non-currenl liabilities Trade creditors are recognised initially al
transaction price and subsequently measured at amortiS8d cost using the effeGtive interest method.
Derecognition of linanciaj liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday enlillemenl is recognised in the period in which the employee's seNices are
received.
Termination benefits are reeognised immediately as an expense when the charity is demon51rably committed
to lerminale the employment of an employee or lo provide termination benefits.
1.11 Retlrement benefits
Payments lo defined contribution retirement benefit schermes are charged as an expense as they fall dLIe.
1.12 Taxation
The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to
corporation lax on income or gains falling within those exemptions.
The charity is not able lo recover Value Added Tax Expenditure is recorded in the accounts inclusive of VAT.
21

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcies
Iconlinuedl
1.13 Government grants
Grants are credited to deferred revènue. Grants towards capital expenditure are released lo the profil and
loss account over the expected useful life of the assets. Grants towards revenue expendilure are released lo
the profil and105s account as the related expenditure is incurred.
Crltlcal accounting estlmates and judgements (Group)
In the application of Ihe charity's accounting policies, the Iruslees are required lo make judgements, eslimales
and assumptions about the carrying amDunl of assets and liabilities that are not readily apparent from other
sources. Thè esti males and associated assumptions are based on historical experience and olhar factors that
are considered to be relevant. Actual results may differ from Ih2se estimates.
The eslimales and underlying assumplions are reviewed on an ongoing basis. Revisions lo accounting
eslimales are recognised in th8 period in which the eslim8le is revised where the revision affects onli/ that
period, or in the period of the revision and future periods where the revision affects bolh current and future
periods.
There were considered lo be no Cfilic81 accounting eslimales or judgements applied in the preparalioii of
these financial st8ternents
Donations and legacles
Unrestricted Unrestrlcled
funds
funds
2024
2023
Grants receivable
64.044
28.690
22

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2024
C harltatsle activlties
Rental income
and servlce
charges
Grants
rgcelved
Total
2024
Rentsl income
and servic8
charge$
2023
Granls
recelvad
Total
202J
2024
2024
2023
Income within
charitable activities
Performance related
grants
114,195
114,195
100.648
100,648
1,000
1,000
1,000
1,000
114,195
1,000
115,195
100,648
1,000
101.648
Analysis by fund
Unrestricted funds
Reslricled funds
114,Ig5
114,195
1,000
1QO,648
100.648
1,000
1,000
1,000
114,195
1,000
115,195
100,648
1.000
101,648
Other tradlng actlvltles
Un restricted Unrestrlcted
funds
funds
2024
2023
Sure Options Limited
602,464
801.509
Investment income
Unreslrlcted Unrestr5cted
funds
funds
2024
2023
Interest receivable
8,387
2,072
23

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Other Income
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
3.911
Other income
6,132
3,911
Raislng funds
Unrestyicted Unrestricted
funds
fLinds
2024
2023
Tr8din
costs
Operating Iiading company undertaking non-charitable Iiading activily
Staff costs
Depreciation and iinpairmenl
Support costs
154,776
388,896
12.908
12,611
212,936
416,366
13.732
11,267
Trading G03ts
569,191
654,301
24

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activlties
Charitable Charitable
expeiid iture expenditu re
2024
2023
100,816
25,635
63.791
24,127
763
22,476
281
91,817
25,976
70,969
37,334
1,006
21,853
Staff costs
Depreciation and impairment
Premises costs
Office costs
Travelling costs
Programme costs sessional workers
Sundry costs
237,889
248,955
Share of support costs (see note 101
Share of governance costs (see note 101
109,274
4,000
122.121
8,500
351,183
379,576
Analysis by fund
Unrestricted f und8
Restricted funds
350,163
1,000
378.578
1,000
351.163
379,576
25

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR fHE YEAR ENDED 31 MARCH 2024
10 Support costs
Support Governance
costs
costs
2024
Support Goveriiance
costs
costs
2023
Staff costs
Consultancy, legal fees
and bank charges
Interest paid on bank
loan
106,621
106,621
101,806
101,806
4,260
4,260
21,561
21,561
1,543
1,543
2.026
2,026
10,000
3,461
10.000
3,461
9,230
7.265
9,230
7,265
Audit fees
Accountancy
112,424
13,461
125,885
125,393
16,4g5
141,888
Analysed between
Trading
Charitable activities
3,150
109.274
9,461
4,000
12,611
113,274
3,272
122,121
7,995
8,500
11,267
130,621
112,424
13,461
125,885
125.393
16,495
141.888
The support costs and governance costs are allocated bas8d on lime spent.
The governance costs inc5ude payments to the audiloi which are detailed in note 11.
11 Auditor's remuii eratlon
The analysis of auditor's remuneTalion is as follows
Fees payable to Ihe company's audltor..
2024
2023
Audit ol the company's annual accoun15
4,000
5,660
Other servic8S to the group
the audit of lh8 company's subsidiafies
6,000
3,570
Totsl audit fees
10.000
9,230
Non-audlt services
All other non-audil services
3,461
7,265
12 Trustees
The trustees received no remuneration and no reimbursement of expenses during the year ended 31 March
202412023 £Nill.
26

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Employees
The average monthly nuinber of employees during Ihe year was..
2024
Number
2023
Number
Administration
Reception
Nursery t8am
Cleaners
Caretaker
Sports Centre team
27
21
37
Total
31
Employment costs
2024
2023
Wages and salarie8
Social security Costs
Other pension costs
549,208
38,158
8,967
S63,207
38,387
8,3g5
596,333
609,989
There were no employees whose annual remuneration was mor8 than £60,000.
14 Other
Unrestricted Unrestricted
fuiids
funds
2024
2023
Nel loss on disposal of tangible fixed assets
11,427
27

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2024
15 Tangible fixed assets. group
Leasehold
bLiildings
Flxlures.
fittings &
equlpfnenl
Computers
Total
Freehold
bulldlngs
Cost
At 1 April 2023
Additions
Disposals
164.930
9,200
12.629
2,360,579
9,200
1,028,020
1 155.000
12,629
2.369.779
At 31 March 2024
1,028,020 1,155,000
174,130
Depre¢iatlon and impairment
At 1 April 2023
Deprecialion charged in the year
Eliminated in respect ol disposals
47,920
9,801
22,985
11,320
76,646
14,828
4.662
2,794
152.213
38,543
At 31 March 2024
57,721
34,305
91.274
7,456
190,756
Carrylng amount
At 31 March 2024
970,299 1,120.695
82,856
5,173
2,179,023
Al 31 March 2023
980,100 1,132.015
88,284
7,967
2,208,366
At 31 March 2024, had the revalued assets been carried at historic cost less accumulated depreciation and
accumulated impairment losses, their carrying amount would have been approximately £799,Q41 (2023.
£807,113)
The freehold and leasehold land and buildings are staled at market valLie, Valuation was carried out by SK
Real Estate, 2 Colton Sl, Liverpool L3 70Y, on 24, 27 and 29 September 2021 for 3 of the properties.
Freehold building3 with a carrying amount of £970, 30012023= £980.1011 have a legal charge lo secure sums
advanced lo Liverpool Hope University in respect of initial build costs of the property and lo ensure continued
use ol the property during the conditional period of the grant funding 120 years) on the terms of the
agreemen15 dated 23 January 2003, 16 May 2003, 7 December 2004 and 25 July 2006 in the event of
insolvency
There is 8 second legal charge on the same property by way of a legal mortgage by Liverpool City Council as
security for the payment of £85, 000. This charge can be discharged if Ihe redemption dale is not triggered by
30 years from 27 March 2006.
28

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Tangible flxed assets- charity
Freehold
bulldings
Leasehold
buildlngs
Fixluros,
liltbngs &
equipment
Computers
Total
Cost or valu atlon
At 1 April 2023
Additions
1,155,000
65,069
1,000
12.630
2.232,700
1,000
1,000,001
Al 31 March 2024
1,000,001
1.155,000
66,069
12,630
2,233,700
Deproclation and Impairment
At 1 April 2023
Depreciation charged in the year
Eliminated in respect of disposals
19,900
9,801
22,985
11,320
54.599
1.721
4,663
2,794
102,147
25,636
Al 31 March 2024
29,701
34,305
56,320
7,457
127,783
Carrying amount
At 31 March 2024
970,300 1,120,695
9,749
5,173
2,105.917
Al 31 March 2023
980,101
1,132,015
10,470
7,967
2,130,553
At 31 March 2024, had the revalued assets been carried at historic cost less accumulated depreciation and
accumulated impairment losses, their carrying amount would have been approximately £799,041 (2023,.
£807,113)
The freehold and leasehold land and buildings are slated at market value. Valuation was carried oul by SK
Real Eslale, 2 Colton St, Liv8rpool L3 7DY, on 24, 27 and 29 Sept8mber 2021 for 3 01 the properties.
Freehold buildings with a carrying amount of £970,300 {2023'. £980,101) have a legal charge lo secure sums
advanced lo Liverpool Hope University in respect of initial build costs of the property and lo ensure continued
use of Ihe property during the conditional period of the grant funding 120 years) on the terins of the
agreernenls dated 23 January 2003, 16 May 2003, 7 December 2004 and 25 July 2006 in the event ol
insolvency.
There is a second legal charge on the same property by way of a legal Inortgage by Liverpool City Council as
security for the payment of £85,000. This charge can be discharged il the redemption dale is not triggered by
30 years from 27 March 2006
29

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Flxed asset investments Gharity
Subsidiaries
Cost or valuatlon
At 1 April 2023 & 31 March 2024
Carrylng amount
Al 31 March 2024
At 31 March 2023
18 Subsldlarle5: Charity
Details of the charity's subsidiaries al 31 March 2024 aré as follows..
Nature of business
Name of undartaking and country of
Incorporatioii or resid8ncy
England and Dormant
Wales
England and Promote care. education, health
Wales
and development of children
Direct
Parks Options Trading
Limited
Sure Options Limited
100.00
100.00
rhe aggregate capital and reserves and the result for the year of subsidiaries was as follows..
Name of undertaklng
Prof SU{Loss)
Capltal and
Reserves
Parks Oplions Trading
Lirniled
Sure Option8 Limlted
(14,3581
34,502
19 Flnanclal Instruments group
2024
2023
Carrying amount of financial assets
Debt instruments measured at amortised cost
473,358
615,399
Carrying amou nt of flnancial liabllitles
Measured at amortised cost
126,363
158,207
30

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Financlal Instruments charity
2024
2023
Carrylng amountof finanGlal assels
Debt instfuments measured at amortised c05t
Equity instruments measured al cost less impairment
473,756
582,510
Carrylng amount of f Inancial liabllities
Measured al amortised cost
76,637
93,154
21 Debtors group
2024
2023
Amoiints falling due withli) one yèar.,
Trade debtors
other debtors
Prepayments and accrued income
7,983
9,311
501
49,467
49,783
57.766
59,279
22 Oebtors charity
2024
2023
Amounts falllng due withln one year:
Trade dèbtors
Amounts dLse from subsidiary undertakings
Prepayments and accrued income
1,630
97,993
33,204
579
69,046
25,017
132,827
94,642
23 Credltors: amoiints falling due wlthin one year. group
2024
2023
Notos
Bank loans
other taxation and social security
Deferred income
Trade creditors
other creditors
Accruals
27
21,298
9,370
615
61,088
3.579
10,083
21,297
8,955
16,122
66,855
3.899
16.971
30
106,031
134,099
31

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
24 Creditors., amounts falling due wlthin one year charity
2024
2023
Notes
Loans and overdrafts
other laxalion and social security
Daferred income
Trade Cfeditors
other creditors
Accruals
28
10,648
4.927
10.648
3.839
31
44,111
3.579
4,000
45,913
3,906
8,500
67.265
72,806
25 Credltors: amount8 falllng due after more than one year -
uroiip
2024
2023
Notes
Bank loans
27
30,317
49,185
26 Cr6dltors: amounts falllng due aftèr more than one year -
charlty
2024
2023
Notes
Bank loans
28
14,299
24,187
27 Loan8 and overdrafts - group
2024
2023
Bank loans
51,614
70,482
Payable within one year
Payable after one year
21,297
30,317
21,297
49,185
The group bank borrowings with HSBC of £51,614 12023.. £70,482) are secured by a fixed and floatin9
charge over the charity's assels.
32

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
28 Loans and overdrafts - charity
2024
2023
24.947
34.835
Bank loans
10.648
24,187
Payable within one year
Payable after one year
10,648
14,299
The charity bank borrowings with HSBC of £24,947 12023. £34,835) are secured by a fixed and floating
charge over the charity's assets.
29 Company limlted by guarantee
Parks Options Limited is incorporated under the Companies Act as a company limited by guarantee. The
liabilily of the members is £1.
30 Deferred Incoine . group
2024
2023
Arising from government grants
other d8ferr8d income
15,712
410
615
615
16.122
2024
2023
Current liabilities
615
16,122
2024
2023
Total deferfed income at 1 April 2023
Amounts received in year
Arnour)Is credited lo statement of financial activities
18,122
49,537
165, 0441
32.763
31.763
132,7631
Total deferred income at 31 March 2024
615
16,122
Deferred income relatès lo amounts received in advance of enlillement
33

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR fHE YEAR ENDED 31 MARCH 2024
31 Deferred Income charity
2024
2023
Other deferred incoine
2024
2023
Current liabilities
2024
2023
Total defefred income a11 April 2023
Amounts received in year
Amounts credi18d lo slalem8nl of financial aclivilies
32,763
132,7631
Total deferred income at 31 March 2024
Deferred income relates to amounts received in advance of entitlement.
32 Retirement beneflt schemes - group
The Gharity operates a defined contribution pension schem8 lor all qualifyiiig employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
The charge to the income and expenditure account in respect of defined contribution schemes was £8,967
12023 - £8,3Q51.
33 Analysts of net assets between fiinds - group
Unrestricted Restrlcted
funds
funds
2024
2024
Total Unreslricled
funds
2023
2024
Fund balances at 31 March 2024 are
represented by..
Tangible assels
Currenl asselsllli8bilities)
Long term liabilities
2,179,023
417110
130,3171
2,179,023
417.110
130,3171
2,208,366
530.767
149,1851
2,565,816
2,565,816
2,889,948
34

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
34 Analysis of net assets between fund5 - charity
Unrestrlcted Restrlcted
funds
funds
2024
2024
Total Unrestricted
tuncls
2023
2024
Fund balances at 31 March 2024 are
represented by..
Tangible assets
Investments
Curr8nl asselsllliabilities)
Long term liabilities
2,105,917
2.105,917
2.130,553
439,695
114,2991
439,695
114,2991
534.721
124.1871
2.531,314
2,531,314
2,641.088
35 Operating lease commltments group
Al the reporting end date the charity had oulslanding commitments for future minimurn lease payments under
non.¢ancellable operating leases, whicli fall due as follows..
2024
2023
Within one year
Between two and five years
1,978
5,718
1,978
7,696
7,696
9,674
36 Related party transactlons groLIP
Rernuneratloii of key management personnel
The remuneration of key managemenl personnel, who are the Chlef Executive Officer, the Finance Manager
and the HR Manager, is as follows.
2024
2023
Aggregate compensation
lQfj.621
101,805
The group has taken advantage of the disclosure exemptions lo which it is enlilled regarding transactions
between parent and 1000/0 owned subsidiary companies and there are no other disclosable related party
Iransaclions.
35

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
37 Analysis of changes in i)et funds
At 1 April 2023
Cash IlowsAI 31 Mafch 2024
Cash al bank and in hand
Loans falling due within one year
Loans falling due after more than one year
605,587
121,2971
(49,1851
(140,2121
465,375
(21,2961
{30.3171
18,868
535.105
1121,3431
413,762
38 Cash generated from operatlons - group
2024
2023
Deficit lor the yeaf
(124,132)
1107,4741
Adiu8tmenls for..
Investment income recognised in slalement ol financial activities
Loss on disposal of tangible fixecl assets
Oepreciation and impairm8nt of tangible fixed assets
(8, 387)
12,072)
11.427
39.708
38,543
Movements in working capital.
{IncreasèJ in debtors
{Decreasellincrease in creditors
(Decreasellincrease in deferred income
1,513
112.5601
115,5071
17,129)
{48,1101
116,6411
Cash (absorbed byllg8nerated from operations
1120,5301
1128.2911
36