Charty registration number 1078076
Company registration number 3828083 (England and Wales)
PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
R Keenan
P Moore
M J Edwards
W Kelly
Secretary
Ms L Murdixk
Charlty number
1078076
Company number
3828083
Reg15tered offlce
Life Bank
23 Quom Street
Liverpool
L7 2QR
Audltor
Alexander Myerson & Co Limited
61 Rodney Street
Liverpool
L19ER
Bankers
HSBC Bank PLC
99-101 Lord Street
Liverpool
L2 6PG
Sollcltors
Maxwell Hodge
14 Castle Slreet
Liverpool
L2 OSG

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Trustees. report
Statement of Trustees, responsibilities
12
Independent auditorfs report
13-15
Consolidated statement of financial activities
16
Consolidated balance sheet
17
Charity balance sheet
18
Consolidated statement of cash flows
19
Notes to the financlal statements
20-37

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report and consolidated accounts for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's goveming document. the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Recommended Practsce applicable to charities preparing
their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 102) (effective 1 January 2019)"
Achlevements and performance
Life Bank Nursery
Life Bank Nursery understand outdoor education is a vital component of children's leaming.
It's a Nursery and Preschool located in the Kensington area of Liverpool and have continued to go from strength
to strength providing early years education for children from the age of O- 5 years. Holiday care is open during
half terms, providing fvjll day care, and half day care for children aged 5-11 years. The days are planned and
structured, to provide 'fun' activities for all children.
The nursery has invested in through various funders see below details a specially designed outdoor play
equipment tailored for younger children. These resources facilitate activities such as climbing, balancing, and
gross rnotor skill coordination, all of which are essential for physical development. Research consistently shows
that frequent and regular access to outdoor le8ming is critical for young children and should not be considered
optional. The Early Years Foundation stsge (EYFS) Curriculum, which has been statutory since September
2008 for children from birth through the end of the reception year. underscores the importance of daily outdoor
experiences for children's leaming and development.
Leaming outside the classroom is crucial in fostering healthy. active lifestyles. It offers children opportunities for
physical activity, movement, and a sense of well-being. while also providing unique experiences connected to
the natural worfd, including exposure to changing weather and seasons. Outdoor play helps children develop an
understanding and respect for nature, the environment, and the interconnectedness of humans, animals, plants,
and life cyGles.
Furthemore, outdoor play enhanGes problem-solving abilities, creativity, 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, to develop their physical skills and engage in
meaningful discovery. For very young children, sensory and physical experiences are essential for brain
development and the creation of neural pathways. For many. outdoor play at eady years settings may represent
the only opportunity to play freely and safely, while leaming to assess risk and navigate new situations
independently.
The nursery received an Otsted in July 23 went from an 'lnadequate' to a 'Good' which was a
result to the hard work and dedication of all our staff.
Otsted reported that.. -
Children leam about their diverse community and the world around them through exciting. well- planned events.
For example, children leam about Afrrcan culture and traditions. They Celebrate Africa Day wÈth Ghanaian
dancers, acting out the story of 'Handa's Surprise,. During 'Safari month,. children handle snakes, lizards and
geckos. They leam about their habitats, which they later recreate. Children are beginning to make sense of the
physical world and their own community.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
Life Bank Nursery is a diverse and multicultural environment where the majority of our children speak English as
an additional language. We acknowledge and embrace the rich cultural backgrounds of our children and
families, incorporating various traditions and celebrats-ons into the fabric of our nursery life.
In recognition of our commitment to excellence, the Eady Years team at Life Bank Nursery was proudly
nominated for and awarded the Certificate of Excellence in June 2024. a well-deserved achievement for our
dedicated team.
Overall occupancy within the year 23-24 60.70 % this year 57.82%
Occupancy within the nursery has increased and in March 2025 stood at 63.67%
This year 2024-2025 occupancy al Lifebank nursey as shown below steadily increased over the year hitting 700
occupancies within September and November 2024. There is sts'll a struggle for Lifebank nursery in the area of
recruitment of Eariy Year Practitioners. we are not alone in this as there is a national shortage of these sknlled
professionals and since the pandemic added to what was already drfficult positions to recrult for.
Occupancy is as follows: .
Occupancy Yo
Budget 2024-2025
Actual
April 24
May 24
June 24
56.70'/0
July 24
August 24
September 24
October 24
48.700/0
14.9001.
61.000
November 24
December 24
54.77°
January 25
February 25
March 25
63.67 %
Clothes donation5, competitive fees and foods services

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
As an add on and to meet demand our nutsery 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 we have
also along with this, maintained lower fees than competstors to support families wth cost of living along with this
we hosted a food share and have the fruit van and mobile pantry visit our sites each week with low cost good
quality products that families can access.
Toothbrush programme
Life Bank Nursery is proactNe and works above and beyond in their campaign to improve children's oral health.
As a result, staff aC￿sS specialist tooth brushing training to teach children and their families good oral health
routines this has been a huge success and even gained acknowledgement from NHS who have used the nursery
as a benchmark for other settings as the programme within the nursery has been the most successful in the city.
Additional grant Funding was accessed in 2024-2025 which includes: .
Expansion Grant
The Nursery received a grant from the Earty Years Expansion Programme to enhanc8 the current setting. This
funding is part of the Governments ¢hild¢are expansion plans, it is aimed to provide more places for Children,
particularly those of working parents and support the delivery of the 30-hour free childcare entitlement. This
grant was used to improve the space for the After School provision, additional shelving and storage to maximlse
the use of the existing indoor space, which has helped in uts'lising the area.
Pupll premlum
The Early Years Pupil Premium (EYPP) is additional funding for early years settings to improve the education
that they provide for some three and four-year-old children.
The grant provides funding to improve educational outcomes for disadvantaged children. Life Bank Nursery
spent this on various resources, additional training to Enhance speech and language development initiatives
throughout the year
DAF Fundlng
The nursery continues to receive Disability Access Fund (DAF) this year. DAF is a govemment initiative
designed to support early years providers (like nurseries and childminders) in making adjustments to their
settings to accommodate disabled children. It essentially provides additional funding to help providers create
more inGlusive environments for children with disabilities who may be eligible for the 15 or 30 hours of free
childcare.
The DAF is a financial measure provided by the government to earfy years providers to help them
support children wth disabilits'es or special educats-onal needs (SEND).
It's intended to help providers make "reasonable adjustments" to their settings. either to support an
individual child or for the benefit of all children.
These adjustment5 could include things like modifying the environment, providing specialized
equipment, or training staff to better support children with specific needs.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
Hlgher needs fundlng
Life Bank Nursery continues to secure High Need5 Funding. designated for children whose development,
learning, or behavioural needs require intervenb'ons that are significantly additional to. or different from, the
standard curriculum and educational provision typically offered to children of their age in mainstream schools.
This funding has allowed the nursery to further enhance the sensory garden, contributing to the holistic
development of the children in our care.
Jubllee Sports Bank Achlevements
JSB continued its efforts to expand its network by connecting with other independent
community sports facilities across Liverpool and seeking potential funding opportunities. The centre actively
engaged with various local groups, including Derrys Fit Club, Liverpool Family Tae kwon do, Hamionise
Academy, Lawrence House School and others, to create and strengthen links. Extemal collaborations wer8 built
with organisationsl sporting teams like the Roller Birds, MM Boxng. Action for Autism. various Morris dancing
organisations and several sporting teams.
We continue to adapt to evolving business needs by transitioning to a cashless system. upgrading from PayPal
Zettie as PayPal no longer supports chip and pin functs'onality.
The Saturday circuit training class is now suc¢essfiJlly established, attracting a diverse range of
participants and delivering posiltve outcomes. This has led to two more evening sessions being
added to our timetable
We are also strengthening our partnership with Dery's Fit Club and CIC, fosterlng
greater engagement with Ihe local Gommunity through Collaborative efforts.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
See pie charts to show this year and previous year where we generated income.
Sports Bank Income 2023-2024
Vendings&￿'
Su*el(las5es
Swrts PL)11 • Vet￿11¥ Saes
Sports Bank Income 2024-2025
in
Fitn
sports
SL￿rts Bank- Sale • Frtness 5uitelCFa55eJ
SDOrt5 Hbll

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
JSB received some funding this year from the Onwards Housing Programme, UKSPF funding from LCVS and
Eleanor Rathbone Charttable Trust.
An annual comparison from 2023-2024 to2024-2025
Daily Passes 24-25 highest month April and September (22) lowest month February (7) 23-24 highest
month July {29) lowest month December (5)
Weekly passes 2024-2025 highest month January (4) lowest month June July October and November with O
2023-2024 highest was {6) in June {6)
Monthly membership income 2024-2025 highest month January (62) lowest month December (19).in
2023-2024 highest month {62} in March and lowest month (11)
class passes with gym membership. monthly no classes.
NoAstro usage within the sports centre we also had again due to coronavirus and pitch damage a period where
there was no usage.
Student's monthlyldaily 2024-2025 highest Ociober (51) lowest December {81
In 2023-2024highest month (61) in January and lowest months June &December (18)
munit
emen
The number of families requiring help is increasing year on year we host various activities throughout the year
for children at our sports centre including Women's only classes. children's afterschool sessions along wilh
supportive grants to add additional assistance to our Life Bank Nursery also to assist us and support the families
who are struggling
l Event
Jubilee Sports Bank, in collaboration with Derry Mathews CIC, hosted there annual free Halloween event aimed
at engaging ihe local community again this year. This is the second year running and its been a huge success
with lots of positive feedback from families.
The event, held on Halloween, brought tO9ether over 500 families from across Liverpool, offering a fvn-filled
experience open to all, regardless of location. Every child received a goody bag, and the event featured games,
prizes, and an interactive pantomime.
Recognising that crime rates typically increase during this time of year, our primary goal was to 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 Community champion, our local
Edge Hill branch who supplied us this year with games, Halloween decoration and doughnuts as well sweets for
the goodie bags.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
Everybody's Christmas
Jubilee Sports Bank once again partnered with Dery Mathews CIC to host the "Everybody's Christmas" event, a
free celebration for the first 500 families to sign up across Liverpool. The event took place at the Adelphi Hotel in
the city centre. where Parks Options provided volunteer assistance from their staff. Our dediGated team also
generously donated their time to ensure the event'5 suc￿SS.
Families enjoyed a full day of festive activities, 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 ev8nt as a wonderful day for the children,
filled with joy and excitement.
tm
We are deeply grateful for the continued SUPFY)rt we received in December 2024 from the local charity
organisation, 'Come Together Christmas., Once again, this wonderful project generously donated gifts and
pyjamas to the children at our nursery. which serves one of the most disadvantaged areas in Liverpool. Our
children and families are profoundly thankful for the knThJness and time given by the volunteers, whose efforts
make a meanlngful difference during the holiday season.
With the support of the Eleanor Rathbone. we held free classes at sports centre to engage with women in
classes with th8 huge success of these classes at the feedback we continue to host an additional Box Fit class
this women's only boxing class to build confidence get fit and healthy to engage with others and reduce
loneliness.
hildren
sions
Ongoing free kids classes to 8UPPOrt with anti-social behaviour the sports Centre is continuing into 2025 whereby
we host free Children's class after school which has seen a positive outcome of children attending these
sessions.
The Directors made the decision to close Yewtree Nursery in December 2023. The closure was primarily due to
challenges in staff recruitment, which led to a reliance on agency staff. While agency staff are more costly. they
also lack the consistency necessary for providing a stable environment for the children. These issues were
further emphasisèd during an extemal inspection. vthich highlighted broadér concems regarding staff
recruitment in the early yéars sector. The sale of this building went ahead in November 2024 to Animal Trust
Vets CIC Liverpool.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
Plans & new challenges for 2025-2026
Conts'nuing to work with mobile pantry and fare share strengthening stronger partnerships to support our
families.
Engaging older generation through OAP -chair Yoga, ta chi - lighter exercises
New website development for nursery and Jubilee Sports Bank
Jubilee Sports Bank engaged more with local community, schools, and medical centres, already
established within youth forum, link in with children's centre family hub
JS8: .Hall availability offering in less busy periods i.e., 30-minute classes which are very popular.
external classes
looking at opportunities for funding to upgrade the Astro pitches
Linking with schools
Source funding for a potential weekend class i.e., maybe -self-defence class
shorter circuits working different body areas.
Link in with loc81 'Social Prescriptions within the Kensington area linking with local
community support networks.
Mindfulnesslyoga in the wothplace could offer the nursery Jchildren centre to access class over at JSB
and comes out of training budgets which helps increase JSB income.
Engaging older generation through OAP-Yoga, ta chi, lighter exercise class
After school growing club at life bank to enhance our nursery outdoor education
Programmes for half term for children
Working with AFC to try and get the home ground on site.
continue to work towards cashless site through card machine.
More income for jsb looking at OAP. Students V￿ need to target student ￿SidentS with leaflets.
Working with Derry's Boxing Gym - estsblish space for Derrys amateur boxing.
JSB to have a POS system to support the running of the centre.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
Flnancial Revlew
The consolidaled Statement of Financial Activities shows a negative net movement of funds of £5,066 (2024:
£124,132). Tolal funds Carried forward were £2,560,750 (2024.. £2,565,816) as at the Balance Sheet date.
In respect of the charitable parent company alone, total income was £291.787 {2024.' £265,279) for the year. After
taking into account expenses of £290.845 (2024.. £375,053), there was a positive movement on funds of £942
12024.. negakn've £109,774) for the year. The charivs funds comprised of unrestr(cted funds of £2,532,257 (2024."
£2,531,314) as at 31 March 2025.
Sure Options Limited made a pre- and post-tax loss of £6,007 (2024: loss £14,358) for the year.
Reserves poll¢y
It is the policy of the charity to maintain unrestricted funds. which are the free reserves of the charity. at a level
whereby expenditure in the region of 3 months, estimated costs will be covered. Based on the accounts to 31
March 2025 this would require approximately £229.000 of free reserves, which has been met.
Rlsk management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in
place to manage exposure to the Major risks.
The Trustees, at their Board meetings, set ¢)Ut the strategic direction in which the charfty should operate.
They adopi the policies and agree the practice to deliver the strategy.
The Chair of Parks Optien8 and the Chair of Sure Options meet weekly with the Chief Executive to discuss all
current issues. No decisions are taken at these meetings, decisions are left to the relevant 8oard meetings. The
weekly meetings are an opportunity to discuss issues in depth and to provide advice and support to Ihe Chief
Executive.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the date of signature of the financial statements were-
R Keenan
P Moore
M J Edwards
W Kelly
None of the trustees has any beneficial interest in the company All of the trustees are members of the company
and guarantee to contnbute, 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 at any general
meeting unless:
They are recommended by the Trustees. or their appointment is proposed by a member qualified to vote at the
meeting.
The process for appointing Trustees is by an interview with the Chief Executive. At this interview the career and
interests of the individual are discussed. The Chief Executive then prepares a report with a recommendation that
is discussed at the next Board meeting. The Board Ihen decides if they wish to appoint the applicant to the
Board. If they decide not to appoint, the Chief Execub've provides feedback to the applicant on why they were not
appointed.
The Trustees have regular meetings to ag￿e strategy and endorse decisions regarding the day-to-day activities
of the Charity.
Key managernent personnel remuneratlon
The trustees consider the board of trustees and the senior management including the Chief Executive are the
Key management of the charity in charge of directing and controlling the charity and running and operating the
charity on a day-to-day b8sis. All trustees give of their time freely and no trust8e remuneration was paid in thé
year. Details of trustee expenses and related party transactions are disclosed in the accounts.
Trustees are required to disclose all relevant interests and register them with the Chi8f 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 executive is reviewed annually and normally increased in accordance wth average
earnings. In view of the nature of the charity, its economy of operations, and the extansive use of professional
advisers to Ihe trust board. The remuneration is also bench-marked with grant-making Charities of a similar size
and activity lo ensure that the remunerats'on set is fair and not out of line with that generally paid for similar rolos.
Please note staff are not guaranteed pay awards or bonuses In salanes and in cases whereby this is
recommended this then goés to thé ChiÉf Exocutive to authorise 2nd réquires that there be elÉar evidence of
sustained outstanding performance or evidence to show the staff member has taken on additional roles or
responsibilities.
10

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 MARCH 2025
Audltor
In 8ccordgnGe with the companls articles, a rèsolution proposlng thatAexander Myeraon & Co Ltd ba
rgappglnted as auditor of the comp8ny w15 be put at a General Meeting.
Dlsclosurn of Infornmtlon to auditor
Each of the trustee8 has corfirmad that there Is no informgfion of lfr.ey are awarè whlch 18 r8levant to 11)e
audlL but of whlch th8 auditor is unawa￿, They have further confi￿ed that they ttave tsken appropriate steps to
Idèntify such rel8vant informatlon and to eslabllsh that the audltor is aware of such Infom)ation.
The Trustees, report was approvgj ty the Board ofTrustses.
R Koenan
Trusts8
Dated: Iliol io2S
11

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees, who are also the directors of Parks Options Limited for the purpose of company law, are responsible
for preparing the Trustees, Report and the financial slatements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the charitsble company for that year.
In preparing these financial statements. the trustees are required to..
select suitable accounting poliues and then apply them consistently-
obserye the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent.,
State whether applicable UK Accounting Standards have been followed. subject to any material departures
disclosed and explained in the financial statements; and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable st8ps for the p￿ventitsn and detection ol fraud and other irregularities.
12

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PARKS OPTIONS LIMITED
Opinion
We have audited the financial statements of Parks Options Limited (the 'charity') and its subsidiary (the 'group') for
the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated
and Parent Balance Sheets. the Consolidated Statement of Cash Flows the statement of financial activities, the
balance sheet, Ihe statement of cash flows and the notes to the financial statements. 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 The Financial Reporting Stand8trJ applicable in the
UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the groups and the charitable company's affairs as at 31 March 2025
and of its incoming resources and application of resources, for the year then ended.,
have been properly prepared in accordance wth United Kingdom Generally Accepted Accounting Practlce"
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) IISAS {UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the 8udit ol
the financial statements section of our report. We are independent of the group and the charity in accordance with
the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S
Elhical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial ststements, we have concluded that the Trustees, use of the going concern basis ol
accounting in the preparation of the financial ststements is appropriate.
Based on Ihe work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concerrt for a period of at least ￿e1ve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees viith respect to going concem are described in tha
relévant sections of this report.
Other inforniatlon
The other infomi8tion comprises the infomiation included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does rK)t cover the other information and, except to the extent
othemise explicitly stated in our report, we do not express any form of assuranre ¢onGlusion thereon. Our
responsibility is 10 read the other information and. in doing so. consider wheth9r the othor information ig m2torially
inconsistent with thé financial statéments, or our knowlédgè obtsined in thè course of tha audit, or otherwise
appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements,
we are required to determine whether this gives rise to a material misstatement in the financial statements
themselv8s. If, ba58d on the work we have performed. we conclude that the￿ is a material misstatement of this
other information, we are required to report that fact.
We have nothing to report in this regard.
Optnlons on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of Ouf audit..
the information given in the Trustees, report for the financial year for which the financial statements are
prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the
financial statements-, and
the directors, report included within the Trustees. report has been prepared in accordance with applicable legal
requirements.
13

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PARKS OPTIONS LIMITED
Matters on whlch we are requlred to report by exceptlon
In the light of the knowledge and underslanding of the group and the charity and its environment obtsined in the
course of the audit, we have not identified material misstatements in the directors, r&port included within the
Trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not been received
from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and ￿tUms. or
certain disclosures of trustees, 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 entitled to prepare the financial statements in accordance with the small companies
regime and take advantsge of the small companies, exemptions in preparing the Trustees, report and from the
requirement to prepare a strategic report.
Responsibilltles of trustees
As explained more fully in the statement of Trustees, responsibilities. the trustees, who are also the directors of the
charity for the purpose of company law. are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view. and for such intemal control as the trustees determine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error. In preparing the financial statements, the trustees are responsible for assessing the group's and the charity's
ability to conlinue as a going concem. disclosing, as applicable, matters related to going concem and using Ihe
going concern basis of accounting unless the trustees either intend to liquidate the group or the charitable company
or to cease operations, or have no realistic altemative but to do so.
Audltor's responsibllltles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance aboul whether the financial ststements as a whole are free from
material misstatement, whether due to fraud or error, and lo issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS (UK} will always detect a material misststement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
The extent to which the audlt was consldered capablo of dotectlng irregularities, Includlng fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities. including
fraud and non-compliance wth laws and regulations. was as follows:
the engagement partner ensured that the engagement team collectively had the appropriaté competence.
capabilities and skills to identify or recognise non-complignce with applicable laws and regulations.,
we identified the laws and regulations applicable to 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, including the Companies Act 2006. taxation
legislation and data protection, anti-bribery, employment and health and safety legislation-
• we assessed the extent of compliance wth the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence,. and
identified laws and regulations were communicated wthin the audit team regularly and the team remained
alert to instances of non-compliance throughout the audiL
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 CoMpan￿S financial statements to material misstatement, including obtaining
an understanding of how fraud might occur. by..
making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual. suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and nonwcompliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we:
performed analytical procedures to identify any unusual or unexpected relationships.,
tesled joumal entries to identify unusual transactions.,
assessed whether judgements and assumptions made in detemiining tha accounting estimates were
indicative of potential bias., and
investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance laws and regulations, we designed procedures
which included, but were not limited to:
agreeing financial statement disclosures to undedying supporting documentation.,
reading the minutes of meetings of those charged with govemance., and
enquiring of management as to actual and potential lits'gation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing slandards also limit the audit procedures required to identify non-compliance with laws and regulations to
enquiry of the direclors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to 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 at: https'.11
ww.frc.org.ukjauditorsresponsibilities. This description fomis part of our auditofs report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken $0 that we might state to the Gharitable company's
members those matters we are required to state to them in an auditorfs report and for no other purpose. To the
fullest extent pemitted by law. we do not accept or assume responsibility to anyone other than the charitable
ompany and the charitable company's members as a body, for our audit work, for this report. or for the opinions wé
have fomed.
Paul Burns Bsc BFP FCA {Senlor Statutory Auditor)
for and on behalf of Alexander Myerson & Co Limitsd
// ,/,/,,
Chartered Accountants
Statutory Audltor
61 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 2025
Unrestricted Restrlcted
funds
funds
2025
2025
Total Unr&stricted
funds
2024
2025
Notes
Income
d endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
Other income
42,373
113,780
702,225
10.794
4.474
42,373
121,482
702,225
10,794
4,474
64,044
115,195
602,464
8,387
6,132
7,702
Total Income
873,646
7.702
881,348
796,222
endlture on:
Raising funds
601,886
601.886
569,191
Charitable activities
348,207
7,702
355,909
351,163
Other
14
(71,381)
(71,381)
Total expendltur•
878.712
7,702
886,414
920,354
Net expendlture for the yearl
Net movement In funds
(5,066)
(5,066} {124,132)
Fund balances at 1 April 2024
2,565,816
2,565,816 2,689,948
Fund balances at 31 March 2025
2,560.750
2,560.750 2,565,818
The statement of financial activities includes all gains and losses recognised in th8 year.
All income and expenditure derive from continuing activities.
The statement of financlal activtties also Gomplies with the requirements for an income and expenditure aGGount
under the Companles Act 2006.
16

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
CONSOLIDATED BALANCE SHEET
AS AT31 MARCH 2025
202S
2024
F￿ed assets
TanGible a33¢ts
Is
1.785,447
2,179.023
¢uThent assets
D6btor5
Cash at bank and In hend
21
59,OTI
869,437
57,786
465.375
928,514
523,141
¢rédltors.' amounts falllng du• wfthln
one year
23
(145,874>
(106,031)
Net current 8ssel$
782,840
417,110
Total less cuTrènt Ilablllt108
2,588.287
2,596,133
Creditors: amounts falling duo aftèr
more than onè year
(7.537)
{30,3171
Not a$8et8
2,560,750
2,5e5.818
Incom¢ fund$
General unrestrScted funds
Revaluatlon r8s8Ne
1580,750
2,253.036
312,776
2.580,750
2,585,810
2,560.750
2,585,818
These financial statements have been pr•pared in accordance wilh th8 prov18ions appllcable to companies Subject
to the 8mall companles regimo.
The financlal ststement8 were approved by the Thth3 on
e8nan
Trusté•
Cornpafty R•glstrdtion No. 382B083
17

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
CHARITY BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notss
Flxed &880ts
Tangible assets
Investments
16
17
1.716,588
2,105,917
1.716,589
2,105,918
CuTreirt a860ts
Debtor8
Cash at bank and in hand
22
154,088
754,041
132,827
374,133
908.127
608,960
Credltors. amount6 falllng duo withln
one year
(87,701)
(67.265)
Net current ?8gets
820,428
438,695
Total assets lo¥s current Ilabllltles
2,582,017
2,546,613
Credttors: amounts lalllng due after
more than one year
26
(4.760)
(14.299)
Not asspts
2,532,257
2,531,314
The funds of the ¢hartty
Unwtrlcted funds
Rev8luatlon reserve
2,532,257
2.218.S36
312,778
2,532.257
2,531,314
2,532.257
2,531,314
Thew financiat statements have been prepared In accordance with the PTovlsions appllcable to tx)mponi88 subject
to the Small compfiniès ragime.
The accounts were approvf*J by the TN8tees on
R Kèanan
Tntstee
Company Règbtratlon No. 3828033
18

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operatlng activitles
Cash (absorbed by}Igenerated from
operations
38
(6.737)
<120,530)
Investing actlvlties
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Interest received
(11.963)
(9,200)
440,095
10,794
8.387
Net cash lused in)Igenerated from
Investlng activitles
438,926
(813)
Flnanclng activities
Repayment of bank loans
(28,128)
(18,869)
Net cash used In financlng actlvltles
(28,128)
(18,869)
Net Idecrèaselllncrease In cash and cash
equlvalents
404,061
(140,212)
Cash and cash equivalents at beginning of year
465,375
605,587
Cash and cash èqulvalents at end of year
869,437
465,375
19

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity informatton
Parks Options Limited is a private company limited by guarantee incorporated in England and Wales. The
registered office is Life Bank, 23 Quom Street. Liverpool. L7 2QR.
1.1 Accounting conventlon
The financial statements have been prepared in accordance with the charity's goveming document, the
Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance wlh the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102> (effective 1 January 2019)" The charity is a Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling. vthich is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include the revaluation of
freehold properties and certain financial instruments at fair value. The principal accounting policies adopted
are set out below.
Consolldatlon
The group firiancial statements consolidate those of the charity and its wholly owned subsidiary undertakings
drawn up to 31 March 2025. The results of the charity's subsidiaries have been incorporated on a line-by-line
basis.
A separat8 Ststement of Financial Activib-e$ and Income and Expenditure Account for the parent charitsble
company h8s not been presented because the charity has taken advantage of the exemption affofded by
section 408 of the Companies Act 2006.
1.2 Going concern
At the lime of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees
continue to adopt the going ￿ncern basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted fund$ are available for use at the discretion of the tnjstees in furtherance of their charitable
objectives.
RestriGÉed funds are subject to specific condit'ons by donors as to how they may be used. The purposes and
uses of the restricted and unrestricted funds are set out in the notes to the accounts.
1.4 Ineome
Income is recognised when the charity is legally entitled to it after any performance conditions hav8 been met.
the amounts can be measured reliably, 2nd it is probable that income will be rèceived.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as
contingent asset.
20

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Contlnued)
Tumover is measured at the fair value of the consideration received or rec&ivable and represents amounts
receivable for goods and services provided in the nomial course of business, net of discounts, VAT and other
sales related taxes.
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contr'tbute to more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asseys use.
Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT,
which cannot be recovered.
Certain expenditure is directly attributable to specific activities and has been included in those cost
categories.
Certain other costs, which are attributable to more than one activity, are apportioned across cost ¢ategories
on the basis of an estimate of the proportion of time spent by staff on those activits'es.
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuats'on, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual v8lues over their
useful lives on the following bases:
Freehold bulldings
Leasehold buildings
Fixtures, fittings & equipment
Computers
1 Yo reducing balan￿ 112-24 months straight line
1% reducing balance
15°A reducing balance
25% straighl line
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale
proceeds and the caryin9 value of the asset and is reco9nised in the statement of financial activities.
1.7 ImpaSrment of fixed assets
At each reporting end date, the charity reviews the carying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is esb'mated in order to detemine the extent of the impairment
loss (if any).
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at ￿11 with banks. other short-tarm liquid
investments with original maturities of three months or less, and bank overdrafts.
21

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Contlnued)
1.9 Flnancial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statem&nts, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Baslc financial assets
Basic finanGial assets. ￿lch include debtors and cash and bank balances, are initlally measured at
transaction price induding transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction. where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financlal liabiliti.es
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangemeni constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently GarTied at amortised cost. using the effective interest rate method.
Trade creditors are obligalions to pay for goods or services that have been acquired in the ordinary course of
operations from Suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If nol, they are presented as non-current liabilities. Trade creditors a￿ recognisèd initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of financial liabilltles
Financial liabilities are derecognised when the charitls contractual obligations expire or are discharged or
cancelled.
1.10 Employee beneflts
The cost of any unused holiday entrtlement is recognised in Ihe period in which the employee's services are
received.
Termination benefits are rewgnised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide tennination benefits.
1.11 Retirement benefrts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12 Taxation
The charity benefits from various exemptions from taxation afforded by tax legislatson and is not liable to
corporation tax on income or gains falling within those exemptions.
The charity is not able to recover Value Adde(l Tax. Expenditure is recorded in the accounts inclusive of VAT.
22

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policies
(Continued)
1.13 Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and
loss account over the expected useful life of the assets. Grants lowards revenue expenditure are released to
the profit and loss account as the related expenditure is incurred.
Critical accounting estimates and Judgements (Group)
In the applicats'on of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the Carrying amount of assets and liabilikn'es that are not readily apparent from other
sources. The estimates and associated assumpiions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and undertying assumpts'ons are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and fvture periods where the revision affects both current and future
periods.
There were considered to be no critical accounting estimates or judgements applied in the preparation of
these financial statements
Donatlons and legacles
Unrestricted Unrestrlcted
funds
funds
2026
2024
Grants receivable
42,373
64,044
23

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charitable activities
Rentsl income
and seTVi¢g
Charges
2025
Grants
recgivad
Total
2025
R•ntsl Income
and seNice
charye5
2024
Grants
recelvèd
Total
2024
2025
2024
Income within
charitable activities
Perfomance related
grants
113,780
113,780
114.195
114,195
7,702
7,702
1,000
1,000
113.780
7,702
121.482
114,195
1,000
115,195
Analysis by fund
Unrestricted funds
Restricted funds
113,780
113.780
7,702
114,195
114,195
1,000
7.702
1,000
113.780
7.702
121,482
114,195
1,000
115,195
Other trading activities
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Sure Options Limited
702,225
602,464
Investment Income
Unrestricted UnroStri¢ted
funds
funds
2025
2024
Interest receivable
10,794
8,387
24

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Other Income
Unrestricted Unrestrlcte
funds
funds
2025
2024
Other income
4.474
6,132
4,474
6,132
Ralslng funds
Unrestrlcted Unrestricted
funds
funds
2025
2024
Tradin
C05
Operating trading company undertaking non-charitable trading activity
Staff costs
Depreciation and impaitment
Support costs
141,077
429.338
15,059
16,412
154,776
388,896
12,908
12.611
Trading costs
601,886
569,191
25

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charitsble actlvlties
Charitable Charitable
expendlture expendlture
2025
2024
Staff costs
Depreciation and impaitment
Premises costs
Office costs
Travelling costs
Programme costs $8ssional workers
Sundry costs
78,903
21,766
56,058
37,502
510
25,457
258
100,816
25,635
63,791
24,127
783
22,478
281
220.452
237,889
Share of support costs {see note 10)
Share of govemance costs (see nole 10)
129,457
6,000
109,274
4,000
355,909
351,163
Analysls by fund
Unrestricted funds
Restricted funds
348,207
7,702
350,163
1,000
355,909
351,163
26

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Support costs
Support Governance
costs
costs
2025
Support Governance
costs
costs
2025
Staff costs
Consultancy, legal fees
and bank charges
Interest paid on bank
loan
119,771
119.771
106,621
106,621
8,925
8,925
4,260
4,260
761
761
1,543
1,543
Audit fees
Accountancy and IT
support
14,000
8,412
14,000
8,412
10,000
3,461
10,000
3,461
129,457
22.412
151,869
112,424
13,461
125,885
Analysed be￿een
Trading
Charitable activities
16,412
6,000
16.412
135.457
3,150
109,274
9,461
4,000
12,611
113,274
129,457
129,457
22,412
151.869
112,424
13,461
125,885
The support costs and govemance costs are allocated based on time spent.
The govemance costs include payments to the auditor vthich are detailed in note 11.
11 Audltor's remuneration
The analysis of audito¢s remuneration is as follows:
Fees payable to the company's auditor-
2025
2024
Audit of the company's annual account5
5,120
5,000
Other servlces to the group
the audit of the company's subsidiaries
5,120
5,000
Total audlt fe
10,240
10,QOQ
on.dudlt services
All other non-audit services
2,840
2,600
12 Trustees
The trustees received no remuneration and no reimbursement of expenses during the year ended 31 March
2025 <2024 - £Nil).
27

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Employees
The average monthly number of employees during the year was".
2025
Number
2024
Number
Administration
Reception
Nursery team
Cleaners
Caretsker
Sports Centre team
21
21
Total
30
31
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
575,389
42,717
9,905
549,208
38,158
8,967
628,011
596,333
There were no employees whose annual remuneration was more than £60.000.
14 Other
Unrestrieted Unrestricted
funds
funds
2025
2024
Net profit on disposal of langible fixed assets
71,381
The net profit after disposal is after taking account of the reversal of the Revaluation fte5er¥e of £312,778 a5
stated in the 2024 accounts.
28

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Tangible fixed assets - group
Freehold
buildin9$
Leas8hold
buildings
Fixtures,
fittings &
equlpment
Computers
Total
Cost
At 1 April 2024
Additions
Disposals
1,028.020 1.155,000
174,130
10,813
12,629
1,150
2,369,779
11,963
1380,000)
(380,000)
At 31 March 2025
1,028,020
775,000
184,943
13,779
2,001,742
Depre¢latlon and lrnpalmient
Al l April 2024
Depreciation charged in the year
Eliminated in respect of disposals
57,721
9,703
34,305
7,520
(11,286)
91,274
16,521
7,456
3,081
190,756
36,825
(11,286>
At 31 March 2025
67,424
30,539
107,795
10,537
216.295
Carrylng amount
Al 31 March 2025
960,596
744,461
77,148
3,242
1,785,447
At 31 March 2024
970,299 1.120,695
82,856
5,173
2,179,023
At 31 March 2025, had the revalued assets been Ca￿led at historic cost less accumulated depreciation and
accumulated impaimient losses, their carying amount would have been approximately £791,051 12024..
£799,041).
The freehold and leasehold land and buildings are ststed at market value. Valuation was carried out by SK
Real Estale, 2 Colton St, Liverpool L3 7DY, on 24, 27 and 29 September 2021 for 3 of the properties.
Freehold buildings with a carrying amount of £960,597(2024.' £970,300) have a legal charge to secure sums
advanced to Liverpool Hope University in respect of initial build costs of the property and to ensure continued
use of the property during the conditional period of the grant fijnding (20 yèars) on the temis of the
agreeménts dated 23 Janu8ry 2003, 16 May 2003. 7 December 2004 and 25 July 2006 in the event of
insolvency.
There is a 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. Thi5 charge rAn be discharged if the redemption date 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 2025
16 Tangible fixed assets- Gharlty
Freehold
buildings
Leasehold
buildings
Fixtures.
fittings &
equipment
Computers
Total
Cost or valuatlon
At 1 April 2024
Additionsl (Disposals)
1,000,001
1,155,000
(380,000)
66.069
12,630
1,149
2,233,700
(378.850)
At 31 March 2025
1,000,001
775,000
66,069
13,779
1,854,850
Depreclatlon and Impairment
At 1 April 2024
Depreciation charged in the year
Eliminated in respect of disposals
29,701
9,703
34,305
7,519
(11,286)
56,320
1,462
7,457
3,081
127,783
21,766
(11,286)
At 31 March 2025
39,404
30.538
57,781
10,536
138,260
Carrylng amount
At 31 March 2025
960,597
744,461
8,287
3,243
1,716,588
At 31 March 2024
970,300 1,120,695
9,749
5,173
2,105,917
At 31 March 2025, had the revalued assets been carried at historic cost less accumulated depreciation and
accumulated impaimient losses, their carying amount vnuld have been approximately £791,051 (2024.,
£799,041).
The freehold and leasehold land and buildings are staled at market value. Valuation was carried out by SK
Real Estate, 2 Cotton St, Liverpool L3 7DY, on 24, 27 and 29 September 2021 for 3 of the properties.
Freehold buildings with a carying amount of £960,597 (2024: £970,300) have a legal charge to secure sums
advanced to Liverpool Hope Univefslty in respect of initial build costs of the property and to ensure continued
use of the propety during the conditional period of the grant funding (20 years) on the terms of the
agreements dated 23 January 2003, 16 May 2003, 7 December 2004 and 25 July 2006 in the event of
insolvency.
There is a second legal charge on the same property by way of a legal mortgage by Liverpool City Council as
security for tho payment of £85,000. Thi8 Charge can be discharged if the redemption date is not triggered by
30 year5 from 27 March 2006.
30

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Flxed asset Investments - charity
Subsldlarles
Cost or valuatlon
At 1 April 2024 & 31 March 2025
Carrylng amount
At 31 March 2025
At 31 March 2024
18 Subsldlarles: Charity
Details of the charity's subsidiaries at 31 March 2025 are as follows:
Name of undertaking and country of
incorporation or resldency
Nature of business
OA Held
Dlrect
Parks Options Trading
Limited
Sure Options Limited
England and Dormant
Wales
England arKI Promote eare. education, health
Wales
and development of children
100.00
100.00
The aggregate capital and reseNes and the result for the year of subsidiaries vrds as follows..
Name of undertaking
ProflU{Loss)
Capital and
Reserves
Parks Options Trading
Limited
Sure Options Limited
(6,007)
28,495
19 Flnanclal Instruments - group
2025
2024
Carrylng amount of flnancial assets
Debt instruments measured at amorbsed cost
878,790
473,358
Carrying amount of financial liabilltles
Measured at amortised cost
123,317
128,363
31

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Flnancial instruments - charlty
2025
2024
Carrying amount of flnanclal assets
Debt instruments measured at amortised cost
Equity instruments measured al cost less impaitment
876,072
473,756
Carrying amount of flnancial liabilities
Measured at amortised cost
77.235
76,837
21 Debtors - group
2025
2024
Amounts falllng due wlthin one year:
Trade debtors
Other debtors
Prepayments and acGnJed income
9,359
7,983
49,718
49,783
59,077
57,766
22 Debtors - charlty
2028
2024
Amounts falllng due within one year.
Trade debtors
Amounts due from subsidiary undertakings
Prepayments and accrued inGome
3,394
118,639
32,055
1,630
97.993
33,204
154,088
132,827
23 Craditor3: amounts falllng due wlthln one year- group
2026
2024
Notes
Bank loans
Other taxation and social secunty
Deferred income
Trade creditors
Other creditors
Accruals
27
15,949
11,383
18.512
76,820
8,135
14,875
21,296
9,370
615
61,088
3,579
10,083
30
145,674
106,031
32

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
24 Creditors: amounts falling due within one year- charlty
2025
2024
Notes
Loans and overdrafts
Other taxation and social security
Deferred income
Trade creditor5
Other creditors
Accruals
28
10,048
4,033
11,194
49,986
4,565
7,875
10,648
4,927
31
44,111
3,579
4,000
87,701
67,265
25 Credltors: amounts falllng due after more than one year-
group
2025
2D24
Notes
Bank loans
27
7,537
30,317
26 Creditors: amounts falling due after more than one year-
charlty
202S
2024
Notes
Bank loans
28
4,760
14.299
27 Loans and overdrafts - group
2025
2024
Bank loans
23,486
51,614
Payable within one year
Payable after one year
15,949
7.537
21,297
30,317
The group bank borrowings with HSBC of £23,486 (2024: £51,614) are secured by a fixed and floating
charge over the charity's assets.
33

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
28 Loans and overdrafts - charity
2025
2024
Bank loans
14,808
24,947
Payable within one year
Payable after one year
10,048
4,760
10.648
14,299
The chanty bank borrowings with HSBC of £14,808 (2024: £24,947) are secured by a fixed and floating
charge over the charity's assets.
29 Company Ilmlted by guarantee
Parks Options Limited is incorporated under the Companies Act as a company limited by guarantee. The
liability of the members is £1.
30 Deferred Income - group
2025
2024
Arising from government grants
Other deferred income
18,512
615
18,512
615
2025
2024
Current liabilities
18,512
615
2025
2024
Total defe￿ed income at 1 April 2024
Amounts received in year
Amounts credited to statement of financial activities
615
67,972
(50,075)
16.122
49,537
(65,044)
Total defe￿ed income at 31 March 2025
18,512
615
Deferred income relates to amounts received in advance of entitlement.

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
31 Deferred income- charity
2025
2024
Other deferred income
11,194
2025
2024
Current liabilities
11,194
2025
2024
Total deferred income at 1 April 2024
Amounts received in year
Amounts credited to statement of financial activities
54.175
{42,981>
Total deferred income at 31 March 2025
11.194
Deferred income relates to amounts received in advance of entitlement.
32 Retlrement beneflt schemes- group
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fijnd.
The charge to the income and expendtture account in respect of defined contribution schemes was £9,905
(2024- £8,395).
33 Analysls of net assets between funds - group
Unrestrlcted Restrlcted
funds
funds
2025
2025
Total Unrestricte
fvnds
2024
2025
Fund balances at 31 March 2025 are
represented by..
Tangible assets
Current assetsllliabilities)
Long temi liabilities
1.785,447
782.840
17,537)
1,785,447
782,844
{7,537)
2,179,023
417,110
(30,317)
2,560,750
2,560,750
2,565.816
35

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
34 Analysis of net assets between funds - charity
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted
funds
2024
2025
Fund balances at 31 March 2025 are
represented by..
Tangible assets
Investments
Current assetsl{liabilities)
Long term liabilities
1,716,588
1.716.588
2.105,917
820,428
(4.760)
820,428
(4,760)
439,695
(14,2991
2,532,257
2,532,257
2,531,314
35 Operatlng lease commitments - group
At the reporting end date Ihe charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows:
2025
2024
Within one year
Be￿een and five years
1,978
3,740
1,978
5,718
5,718
7,696
36 Related party transactlons - group
Remuneration of key management personnel
The remuneration of key management personnel, who are the Chief Executive Officer, the Finance Manager
and the HR Manager, is as follows.
2025
2024
Aggregate compensation
119.771
106,621
The group has taken advantage of the disdosure exemptions to which it is entitled regarding transactions
be￿een parent and 100% owned subsidiary companies and there are no other disclosable related party
transactions.
36

PARKS OPTIONS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
37 Analysis of changes In net funds
At 1 April 2024
Ca¥h IlovMAt 31 March 2025
Cash at bank and in hand
Loans falling due within one year
Loans falling due after more than one year
465,375
(21,297)
(30,317)
404,062
5,348
22,780
869,437
(15,949)
(7.537)
413,762
432,190
845,951
38 Cash generated from operntlons - group
2025
2024
Deficit for the year
(5,066)
(124.132}
Adjustments for..
Investment income recognised in statement of financial activities
Profit on disposal of tsngible fixed assets
Depreciation and impairment of tangible fixed assets
(10,794)
(71,3811
36,825
(8,3871
38,543
Movements in working capital:
(Increase) in debtors
(Decrease)lincrease in creditors
(Decrease)lincrease in deferred income
(1,311)
27,093
17,897
1,513
(12,560)
(15,507)
Cash (absorbed by)Igenerated from operations
16,7371
{120,5301
37