R&JistWgd Crynpany No.. 04040674 IEngL4nd and Wal881 R&jiSter ChaTIty No.. 1085454 REPORT OF THE TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 IAARCH 21125 FOR BANKSIDE OPEN SPACES TRUST
BANKSIDE OPEN SPACES TRUST (REGISTERED NUMBE. 040406741 YEAR ENDED 31 IAARCH 2025 CONTENTS OF THE FINAIKIAL STATEMENTS R•f•r•nc• and a(knlnlstratlv• d4ts1 2-15 •pwd•nlAuditors' R•port 16-19 Con•olldat•d stat•M of Flnan¢lal A¢llvltl•s Consolldat•d Balanu Sh••t 21 Not•s to thè Fimneial St*ttm•ttls 23-38
BANKSIDE OPEN SPACES TRUST {REGISTERED NUMBER: 040406741 YEAR ENDED 31 IAARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Company number 040474 Ch¥lty numbgv R•J Crtss Gard8n Redcross Way SE1 1HA Dlreclors l Trust• Wc)d- Cha Jessica Beattie Pauline Buchanan B Sharon Daty Mafqyn Evers Alexander Gasmena J88n Mcmeaknn Sebastsn Kaknar- 8PFdnt&J 11 Je 2024 D•bordh N8g8n Koy manag•m•nt p•rsonn Charfotte GItsen- CEO Nith De$ml- Ho8d of Cwations and LMrvJ Spxe IMIILam Rallison- Head d Parks CCmne$ Jac H8fTi50n- Head of SFrfXt arml DeI1)pment MFLA MHAHouse Charter Crt Swansea Enterpts8 Park kndynd•nt Audltors SA7 9FS Lkn6ty Trltst Bank pk Four Bri11aCe Bwmingham B12JB Bankers Page 1
BANKSIDE OPEN SPACES TRUST {COMPANY IIUMBER: 04040674- CHARrrY NUMBER: 10854541 YEARENDED 31 MARCH 2025 TRUSTEES. REPORT Bankside Open Spaces Tnjst briThJs peop together through natyre, ck)sely with crrnUnrty to creat8 and care fur aw8rd-winning. sustaina8 green spxes. Our 16 parks and gardens are irKkJsrv8 ac85 where peopl8 can 18arn, grr1, ay. and thrNe. Each y8ar wè wdtLJme over a mllcm vlsltors. hjongside these spaces we run and support prOjts desJwY to gr¢y•J cnmmunty conn8CtiorEs, é8¥ebp people's sklls and terest in gardening nalure, aThJ promote the beneffts of an active lrfestylg. Tha foundat of all this yer, ar8 th8 spaces them5efves. ThLs is beeause know they Fday an invaluable rok? in cornbatbng ow ¢haryJQ dinale and risirbJ he8lth in8qualtts•s in tyjr ar8a. An area high levds of povwty and a severe deficit of publ green SP (London d818Storel and %there 90% of )usas are Ilats IL¢xal InsKJht with IM7)itsd access lo pivate gardens. It's because of this thrgat lo Iha health and wglbgiThJ of rxjmmunrtw th81 awjred stwes a welcomlng to everyttlty. Thanks to a mlwar grant Irom tha Cfy F(ndab"on and the math1 Lotlery COMMlty Fund. we'v8 been ableto invest in (xmmunty wtreath. Overthe Wyea rteaM delivered several partnership wilh and fcf pe& INirg wlh anxiety. Y)u adu16 1h 5Ptoa naads and dlsabnStl8s, and mhJTants and r. Unfortunatdy, th• financial lists fr)r dwribès likè BanksK1è Opèn SP Trust aro growkng. The orrtjoirg cosl of lfving t7Bi8, hlgh inflation and recent NaticThl Irtsuran(x ri585 are 8A (xjntrfbullng to SLsbstantlai increases in the cost ol pro11 delNery. To prc4eci wr we've devel)Fd arkj wil continu8 to grow as broad an irKorne Plfc410 a5 POSSt4e. indLxling irtcme frffii hires. gardeniThJ cx)ntracts, consuttancy. corrmts wrykd8ys. and indldual 1S)natK)ns. Wg atso wce•ssfilty akWi8d to n8w and &xi8ting grant makeF5 for and muttYear grantfvndirvJ aThY are extremety gra¢efrA io wrfiJnder5 who have provthd us with UFdift8d funding to meet some of increased salary &)sts. Ather of our key fo¢uses 15 $lay - tdh thrcKvJh el)10rj ow green spa, and thrOh free events and actfvibe5. Our Marft#)rough SFKJrLs Garden IMSGI is a hub for th15 area of our work. Our excrfirKJ PnS ts the site toc a W foThvard thi8 year wih more hjnding secured aNI partn8rships reathed. This k an anbrflws £5 rnlkn pro for a cJr $e and Is of great lmFQrtar8 as tr upgraded site us to thxjbbe wr Thpxt. OLY plis iidude.. A40m running tr8c, o)vered frfness deck. arwj fiexible indoorsp8ces. affrdable cAfé, ssi knlels. and 81kweath8r faclities. Over£S00,000 of gening, tthig p[ wr quality. overheatiThJ. a1 lack of shadp. Th8 MSG'5 hire irKom8 i8 grLW by 31% thanks to lh wnwovemts. In bjm this wll finance a signThl¢ant expansion in our free sports ccwhin9 prwmn5 by 27. The sc of the MSG proj.ect demonstrates ourcommthnt to nthuriNJ tN)th WF4e and skn. It rellects wr passKJn for 8rwring that everyL, regardless Ot background or cirrJJmslance. can access vibrant. lthY spaces aTrJ te p1 pro1 Ihal SUPFfAt w&)eiThJ. Strewn comrTwThty. budd more resi11 thJtur8S. Thè trust8es. who ¥8 akn directc¥s ofthè Chanty for tha pur ol the C¢xw)an Act. pr8S8nl th8ir 8nnu8J rw and rm8#81 Slaternts for ts year ended 31 March 2025. The financid ststements have been prepared in a1x0rda with the accgunting set out in the not8S to lh8 finarla1 stalernents and comtAy wilh th8 Charitys g)veming ¢Jocumert the Charities Ad 2011 aThJ 'Accounting and ReF#Ytiro by Charities.. Striwnl of Recornffwded Pr8elicg appkable lo ctn.8¥ pr8P8ring th9ir accounts in 8C(x)rd8nce the Financial Repo"n9 Standard apF4Kable in the UK and Repubk of Ind IFRS 1021 {effecttve 1 January 20191". The reFQrt i8 akn preparwj in COrd smam npanY rgjing (Secti)n 419(21 of Companvas Aci 261. Page 2
BANKSIDE OPEN SPACES TRUST (COMPANY NUMBER: 04040674- CHARrrY NUMBER: 1085454) YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT StTuciur•, go0n Jnd managenlIt Gov•mlng Documgnt Th8 Charfty is 8 Wmlted company. l¥nlbJ by rywantee. a8 by thè CoMpanS Act 2LK6. Thv& vrns wiewed and updated in 2023 to refieLt rTKKe accwatety vknat the organtsation does In actie and to ¢re thal 1n1stedIreCIors are ar4)oin18d in a me open and tranaren1 way. enCragIng inrAusion. equity dwr. Sub$ldlary Company Banksida OFen Spaces Trathng Urnited, rx¥npany number 08096770. VAS Set up in order to rary out commeroa improvements to parks and gardens. The UM$ of the sub6kYiary are included in the Ct)nsolit1at8d acc¥)thts ol the Chanty. The gynpany has rThJ b88n madg dormant R•crultm•nt and Appolntm•nt of Trustees Trustee3 are aFwinted via a Ihorough rscruth8nt Wh ncludes a two stay8 IntM"ew. Interviews are conducthy by the CEO and ex8ng m8mbèrs oflhe Board in fwtheranr8 of Ihe obi8cts of lh8 Trust ar¥J posts ar• therts"s&J across ¥au$ 8il6s Reath Vdunte•riThJ and L#7kedln. Inducllon and Tratnlng of Trustt•8 New Trust885 T8(xNe Iraining and irNJLKb"on Ihrough a ¥ rf mgan¥. wthding to on• sessions with the Chair, Treasurer and other TrusteeSlaff a5 apFryThte', teirJ swlied wlh relevart reodlng rn8t8rrals, briefing d(Nxm8nts atNJ widan( as well as regthr bri8fings. Skils shorlag85 on lh8 Board are akn krf>l urKJer (staTrt 8rnJ r•crulbn8nt of new Tnth i targeted a¥dIng. It is &rUlaging to note that the Bod is well represented by Tru8taès 8 wde range of skius enmPa$S1j Ihe ol thus requ1 fo gov8rn the Chanty. Organlsatlonal Stru¢turn The Trustees 98neralty hold qu8rtwty [Ttil$ at vthich dea"sicffis on 3tratwy. pdiGy 8j pr8Ct¥x are made. The day4tsy nJnniro of the tharty B dgal•J to the CEO with the Head of Operalion5 and LNing Space responsib frx rperationd management. {ersjht of the Matrlgh Sports Garden Is delega to the H•ad of Spc¥t and Devdcwnt and Volunt88riry Parts Maint•natKe to the Head of Parks and Comrnunty. A register of Trustee intwe8ts 1$ m8inl#id at Ihe oiftt aThJ is avalat4e to the put4ic Rlsk Management In (x)rnpliance Ihe SORP. the major r¢ks to Ihe Chwity is exposed, ss idenltfd by Trwtees, thg quarterfy Board m•8Ungs. R•wr¥•$ Pollcy The Twst maintsins restrid&Y, designat unwth¢t8d r•$. The trIcted reserves compris8 8 rrtjmber ot indiwdual re5erv85 for pthlar KW"ts. trK6e fvnded from extemal restrthd p4wy)se grants. The group's unr8striLl•J r85erv8 is £179,341 at Ihe yew end. Thi8 balanca iE#j&S £1.000 rdating to designatsd funds to be spent on specrfK projects. The deggThated fun¢ts are sh)wn within notè 22 of the ac4)unts and are rrthttor8d for thae9 at quartwty Board meetings. Unrestricted funds whith are rnt desvJnated. kno as free reserves. are set aside to c4)ver fiAur8 oper8b.onal costs. Tho knJst8es' target k8 to sufftient r858rv8s to COV8r vAnd-dowTr CA)Sts. This target amounts to £225.400. The ac1 reserves as at the balance $et datg total £16.419 12023124: £218,569). The Trustees are closety rWIng fv18vel of free reserves hek1 on a regular basis )d 0)nsideri opliorts to •adIe the gap. The frB8 r858r¥85 wll r*ed to be re9arty TgVi8W8d the year. Page 3
BANKSIDE OPEN SPACES TRUST (COMPANY NUMBER: 04040674- CTriARITY NUMBER: 10854541 YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT Gtslng Concern The Boatd continu85 tD mawrtain a review of the Clwitys gjlng cotKem basis. The Trustses appreckqte lh8 various extemal and inlemal faclors that prove a risk to rj c(YKxm. Nolwithst8fKlirvJ Ihèse th9h. the Ttwstees have assessed tt)at Ihe Charty is a gotng COrern, and the financial statements have been epar8d on that basis. OUR PURPOSE AND ACTMTIE8 BOST'S Chwitabh Pu0 To promots, for the wblic benefft. the conservation, Fyotecbon and improvement of the buil and natural environnE., and. in so doirg. to also advanr phys1 and mentsl heamh. educalkinal opportunitses aTr communlly d$¥loK¥nrt kn ar of urban ¢J8rtsty Ihr(whc¥Jt ETrjLd and Wdgs. Mlsslon Stat•m•nt Toenrth qualty oflrfe ty creatin9 sLIe. attrwANdy th¥Jrd and well Managed ctsnMty spaces. To support crtjr mission. we.. Enhance Heath and Wollbeing ErnrM)wer and Engage Lrxal Crrnuniios Transfc¥m OFn Spes Chanp1 SAJStainatshty Enhaneing H•alth and W1b01n9 CommuNIty Gnl•nlng 2024125 hKJhlKJhts-. Nominated fry Britain in Bk¥)m- Urtlan CcThmunty Award- 2025 Four London in Bk¥xn Awards indLAliNJ gc1 for Rad Cross Gardan. Tat8 c(MUnty Gathn and waterk Millennium Green COMMty Gn Fj Awar(Is We Ilafniained 16 cpen spaces Planted 8 tree5. 3(X) shnltrthrbx pl and 1200 tyJlb5 Maintsine¢J 5 wildlrfe pon¢ts Creaie(15 kJ piles 3 d•J Mdntsined 1 raln gaNJen Page 4
BANKSIDE OPEN SPACES TRUST (COMPANY NUM8ER.. 04040674- CHARITY NUMBER.. 10854541 YEAR ENDED 31 MARCH 2025 TRUSTEES, REPORT Parks and Gard•ns We protect and imFKove estIr0 ow spes and develop, design ar¥J create new 0. irueaslng acsSiA.1ty for all. In 2024125 we continued lo man•3e a total of 16 spaces. hddirg the18ase for six srtes ross Swlhwark and Lambeth and cctracts vthh b(rth Tate Modem. EnolL8h Heritage for Winchester Palace and Soulhwark coUnL. All our gardening 8nd landscaping projects are bult around the core prtnurle of comnxjnity engagement blrough Consullati and vobJnteorirvJ.This year w• wc¥kgd with. among others, those who have expErienced homekssrrt8. people with mental heth wls. c+Jer pg)F4e exPerror0 i8iAation, k)cal reshyents ofall ages and local busi workers. We make space frwl(llrfe Ihe heart of London by malrtainnJ and CtIng haLits like bg piles, dead hedg8s [trn gr88n w8st81 w)Thls and pl8nbro tr rKj1inpt. ThK8 year we rnpintsin&l W1]18 created five log piles and three de•J hedges for vAdlrfe. Bankside Open Spaces Tntst wcxs to reduce Ouf inpacl vt the enwrcmment by gartlening itsut Ch&Mal5, C151n9 drought r8skslant plants and using peat-fr88 Mposl We now have three zerfrgre8n- waste srtes.. Red Cross Garden. Tate Commth Garden arnj WaterlrKJ Milknnium Gleen. Communlty Invoh•m•nt and VoluFbte•Ang Wa are 8xtr8mdy grat8ful for Ihe tirne 9[ erw our VnteerS d8dic8le to imprwng. malntsinlng And shlang oUrrkS and gardens. helpwig delN8r wrevents. aciing as trustees and suppcKUng cJrwider work. We awn to recrult vdvnt88f8 from a dNers8 rwgg of bk9rrAJs that repr8Wt kxal comrnunty. By Yrking in partnership wth the vohJntary and Mmun sectc¥, we focus LW ietruth.ng peop with arnIng drfficults. those in r8COV8ryfrom physK4 and rnantsl h8alth diti(S. lknse at rlskofhom8sn8S5. Our (reaCh woth atso feeds into tyJr volunteerir¥J seSsic. ongside our ¢))mmunty voluntetrrs we also t2ke referr frDm extemal owisatthis and provide gxperien¢g ft)r students with SFecial Edlial Needs and Disabililies ISENDI are m supportgd internship programmes, and students VA)0 ore l¢)w¥ts quafftal)rts In horoeulture. In 2024r25 we vKknd wlh 63 Communlty Gardenln9 Vnte¢r5 69 people taknng part in our community outreach and engagement usslons deSIgn fc•r spKifk groups sh as SEND $bJd•nts p•opl¢ wtth anxjety, r¢fugeg8 and aSYrn seekerd 29 Crossbon•s Ward•n We hosted 245 MMunNY gard•nlng s•sslons kn 2014125. Our CommLm6ty Gardefig Volunteers ctrntrlbuled 5T16 hours to keeplng our parks IDoklng beautlful for tho local cornmunrty. Vdunt8er Crossbon8s Wardens enabled us to open the sik for six hours each week. and 2 hJurs on th8 first Sabjrday ol the m¢Mth, and for w81 avants such as Iha BOS Fèstiv and Bards and Bl8sslrMJs: welccMnir4J the public to the special and Uniq crossb Graveyard. We gather feedbw from ow ¥CnteerS, has reveaknj thaL a Sense crf personal hievem$n( th8 most en1oyate a5P8cts of ¥L4unt8erirwJ were aroL¥MI bufing rdatkjrhlps wllh others and &Ve mental and thysical •npacts of beirKJ c¥Jtdcm. 57% 01 volunt••Ys rnportod f8•ling proud of th• th•y htr• don• and 68% felt mora connected to tho local community 71% f•lt morn connectod to naiurn and 53% fvlt physlcalty l]tt•r aml hoalthlor 89% felt that thelr yonteerIng had an Inw¢t on the local cornmunlty Page 5
BANKSIDE OPEN SPACES TRUST (COMPANY NUMBER.. 04040674- CHARTfY NUMBER: 10854541 YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT "l enjoy spendirKJ lime 0d001$. wovides a refreshing £¥eak from my usual indoor routine. Volunt8&riry 188ves f86lffrrtJ nntaI rgtsshpd 8nd inv&w8t8d. One 0bIg 8XP8ri81Jce w8s firy first ¥rlunleering sess1, anting daffodms while chalbiu and getting lo know my fellow volunteefr3. Thnxwh my Invithment Lwith BOST. I have had Ihe pbasure of som8 truly wondgrfvl pgoplg." Lucinda. Thursday group, Math %J25 ovelypeople 8nd8 wholesom& (¥us. wont10 bè (xrtdN)ts In 811 w&&trn A hwlwt ofmy w6&k AnonYrU$, March 2025 he cmnecbw Ihave with other1e tl chats 8bxrf 98rdening. teirffJ invdved in keepng historiGal spac8 81, part8ktng actively vj the I81 Lx¥nfflunity arjd sh8ring lrfe gxpenencgs morg gener81fy have been nedlbty en17¢hiw n7cvnents for me as a reGenl ao7val to the RehboUrttr.- Anonymous, Marth 2025 Community Outreach and Engagernent Cmjr new Cornmunty ErJMt wryk focuses cffi Ihee key areas". Outr8h. Ergagement aThJ Recruttment year we Str8rVtherd our relationship wsth tharities and irmliwduals from rnarginali58d and minority Communit aTrJ marragiro disatrfkty by creab"TrJ and d81iveriThJ mic¥(trvdunteeriThJ sèssions. The 5es5bJns d&sn8d to these grwps to rArbLypal8 in gwd8nir¥J actwli85. buildiro th8 ski15 and confidenc need to volunleer again in the fvlure. We fd Ihat many parbupants expressed an interest in gaining 5ki15 for 8rnploym8nt and a desir8 to COnnt vthh natur8 arvj th8 comrnunty. We aim to facillate this by offering more gardeniThJ oppwbJniis anLI by usirrfJ whal we have knrnod frcm Ihis expr[enCe to rnake our weekty cA)rnmunity untEering 5e5sbJns mrxe acce55ible. We Fmproved r ¢)ffer for those ¥rilh di5abililies ty W'ro adapte(I tools for indNidu8ls m8n8giny x dr6ability and ldIng beds higher for eas& of access. We are also planning micro-volunteering sgssions th 8 speck811 Autistic SPtruM Disorder Dfumb8at CoW8ge. and the wat Community Coun$eUiro MU.thniC Courtseliro Setvice. Corporat• Volunt•orn This year w8 delIra 58 eorwrdta wAunt88rirvJ gardeniNJ s8ssths 1h 8 total of 742 YOnt8rs. Many cornpanes, both tuMir9 and new. joiied us (rS in imkyowftg the hxal for everyone lo enjoy. Thèse Inchjde, but ar8 limrted to. BlackRttk. Othy, Emst & YrNJng. Dorrlngtrin. Cknnlcun MlLg Group. Wornble BoThJ Dicinson, Norton Rose Fl¥Igh( Cawstc¥) Press. lm had lun and enjoy thorrw 100% felt appr¢¢iated 100% felt a s8n80 of achlevement 5% f•ll that th• acllvttl•s d•v•lop•d a $trong•r t•am 100qA said the everrt had a po$itr4fe ¥npact on them 78% felt mor• positiv• towards th•w •mployer 82% agreed they ho¥0 on lrnpr0v understanding of communlty issv8S 97% agrBod th•y h•¥0 Improv appr•cialion of local •nvin>nrn•nt Seaco teèm had 8 great few hou L¥rtdLX¥S h8lpmg to bdy up and garden aws In Mtnt Str88t Park. col18d1y, it made a t*arue from oursedeiiw Irf8. anLI to g8t ourh8nds and urKlertakg some manual labour in the ganlens. A team cornmented how this was a goL altgrn8&'ve lo wothing out in the gym! Overall il as gal fun and rc a cause. 77J8nk BOSTfor the experfertc6." Monique from Seao), June 2024 P&3e 6
BANKSIDE OPEN SPACES TRUST (COMPANY NUMBER.. 041740674- CHARrrY NUMBER: 1D854541 YEAR ENDED 31 IAARCH 2025 TRUSTEES. REPORT .1 would recommend thts valunteeriw day. ft was 981 lo he thg c• and the gre8nspace. do sorngthing conu)letslyditfgrgnl, but 81 sp8nd tThFe wth collgaguès in 8 ¢L¥nplotely dIffert environm8nt. It was verypowiNe. The team a ftexth and8c¢omrncKlafyry ofdifferonlkns'n88ds.' ArK)nyTrc "80ST 8r8 8 f8nt8th Icc81 ch8rity that has a lju Jinpacl a1nd tho arna 1hro th8 m8intsn8nc& of b&autrfulgreen spaces foreveryone to enjoyandajw volunteers to develop the g&rdening skillsl Our le8m loved h61ptng txrt andhUltyAComa$ a company (xrfdooraGtivity!" Ekna from DoNlIW, June 2024 OSTputon 8 9reat 8ftemLW trvs al Mint Street Pwkl Karen Mustafa wer8 hugelyknobvlodgeèble 8botJtth8 8ndhistory ofBOST8ndlgd the bn7W. n fJYI¥(e w made a rnal rferenGe to part in the aftemcon We ltse.. real lun. sense olaGGornpltshm8nt8TrY t1xyDIY 8Yb.- Svedana from Assurgj Guaranty, Septerntr 2024 80ST team facrfltated an excellent seswn lor us. As empk>y888 we had th8 9PWrtvnty to Ct)m t0gether0tslse the office and he8r8kAxrt h(3w valuabl& the WLv thal BOSTdo In the Ioc81 Commurityis." Katt)ryn from Orchard street Invesbnen( Septembw 2024 Tr Bankside Open Spaces Trvstin Red Cross Gwdens arg a fartastic th¢xaf8 forl¢xal ènvirofwnental m8irtenaoc& and areas b88Lty in Lond. Th8 rrdi¥rdu815 wlro th8 aloiig wth others are credible people to WO wrth, passale and driven ty the they th). The vdunle8rs you meet on the d8y 8r8 81so. Th8 htisw of th8 8rna is rrch and the sens8 of fithrnent you get fvDm day is amézlng. A gIETrèt t•am bufjdirt9 tsPPOrtunrty, l rec to aAIArterested.- George from & YourJ. Septsmber 2024 ustafa w88 8 gre8t Ilfrt0¢¢v 8nGI it w8s rJear howpBSSThSte he w8s about the woth ttjeyre doAng al R&d Cross gard&n. It was lovely b8ln9 Outsth wrth colleagues and SUPK4yting lh8 Ioc81 community. It Is vthnt how I0dI{S tykx81s arK so Irow Manyp80 and onioy tho speGe.' Anonymous leamed abrt Kyepanrsi the garden for wMThr. The 8XPg1i8ncÈ off8red a f•sclnatln9 gllmpse Into th& 8n s 8eOSyStem- IFogs, $mèll wildlilo and &ven locals and staff eryowng tr'r lunch brgaks crn8t•d a INing micmccwn. We accOmplhed a signfrant amwt iniusl three hwrs. I k)ved. N81hali8 from Cty BrvJ3e FouFKlakon. Marth 2025 Marfborough Sports G•rd•n Fre• Prograrnmts MSG and our free Framme$ are a unhiue and wtal resource kn our bcal eomrnnrty who face mUpIe chaleng•& In our ward, chihj povety is hfvJh. housiThJ is dersse. and rrKJst PgCf)le IN8 n flats wthout private idwr space. Linked to ow urban settiTh3 and hNJh rate5 of wverty ts an obesity crisis, where 38% of chlkjren in our ward arè ovI41ght 0bese at ap I¢11., ce of ihe worst ratss in the crAJntry. Amnd a third of aftér-SLLx4 paC4P3nts a frC aaS thich sccwe 1_311 lh8 most deprived) on the national lThJex of mUpIe Deprivation. Our c¥fftmunty 15 aL80 very dN8r58. arKI research shows that p18 from 81hnK minoribes, p¥b"(yJlarty Black t*kwnds. tend to be adversdy afft&S by econonNc issues. Page 7
BANKSIDE OPEN SPACES TRUST (COMPANY NUIIBER: 04040674- CHARITY NUAIBER: 1085454) YEAR ENDEO 31 MARCH 2025 TRUSTEES, REPORT In 2024r25. we had 352 registered parbcipants for our free after-1 actvities that took place fve days r wk linc4uding Fr88-Play S8555} during thg spriTrJ. 3umrn8r 8rbJ athurm t8rm$ b888n April and Octor. SessKJns We for chIldn a9ed 11 and we ¢vIted with chldren frorn Sev local schools bel we ue8ted the pr(%Jr8mn tg ttter undersland what aCtiVe5 IW w(xJkl like to tskg Part in. The we8kty programme constsled of footbal. t¢ wugby, basketball, roler skatirKJ to mLtsi, beh tennis. beach volleyball. wall ball and crickeL Qulfi& coac1 WL each di5cip&n& d8lNerwJ 8ach spcrt and all equipm8nt was Suppled. We w8re also to erK8ure 12 thiklren with SEND coukj pathpats ty frjndirg tgxhing awstsnts from Iwal schcx)is to allend and suppcvl thom. Most SEND atl8ndo8s had Jtism spactrnm disordar IASDI. The HeIte8cher Irom STr7j3 Primary Schcd Sa.. IIsty79 #aff from schcol supihyted the 1888 confidenl chudrgn as theyworn wlth famAiaradults who undStstttjIrnI$. Thls was ¥p)pularW1lh th& chosen families." To further our with dthjren with SEND. W Tan 8 'SEND Mrning5' progrynrro beneffitting 20 neurodwerse chihyren from local school We also ran a SEND Spw)rts FestTval for fve primary sehools in partn8rship wrfh A¢ SrML The festhl atlended by 47 [w1pant& DurirvJ th8 5clvJol 1K)ayS we run affordablg rnulb'-SFrt)rt8 rn[6 and alkThle 48 fr98 FAac8s pgr ramp to chiKlren frorn IrcoMe lamilies ftwght otlMse strugg4e to attend. Coaches from Lon&)n Swth Bank univSty'S Sports Ambassa(kys prc•Jramme delivered actNities daity IexdLIng bank hOaYS across the holhyay period, supported by our Activity C(x)rdinalor. 15 a150 a qUlfi1 (y)ath. 8T Iha year, wdcorned 136 re9i#ere(I part1$ into our fe Framme. gerratirg 766 attdanCeS across ts sessK)ns. Children were referred ty thetr sdKds, w6th kqates offwed Ihrwh nirt pmrtner sehcds and addonal referrals from fN8 others. includiro one hom&sth(diThJ seth"ThJ. or those tang up free Fkns. 63% were boys, and on average. 71% of parwts were from ethn rrMThxity baLwnds. "I Ihink the MSG is a fun place to be in and I f6ellik6 when l ffrst came here, I fett welcome and tlwe a nice cornnnIty8rnry th8 e048 (¥>n here. and enioyedcomiry 8v8ry I r8811ylik8 the co8ches, Ihey rea11ysupY0Uri19tI$th$.. Hcliday camps parbcapant. 2024 We surve1 parb"Lypants 8ft8r th8 r2rnPS to get a sense of takiThJ p8rt had imp8Cted th8m and w8 received good feedback in all areas. The slatements vA)ich reeeiv&l the most wtive resFonses W.. I Ilk•d th• coach•s I'm proud of what lkn achle¥ed I hav• improv•d my sports ski I hav? mad? now frf•nds I f•d frtter 1 gnJoy¢d tsklnq part I felt support•d to g•l th• bost oul ol taklng part I would Ilk• to m• back to tako part agaln at MSG I felt iafe at MSG Wè ¢Wtinu1 tg Make 8PaCg for local schct45 to run s[ts aC*v1¢ svch 8s PE lessons. extra-cwricukgr PE, sports days and en¢-terM actmbes. This us buibj strorNJ relal¥)nthip$ with Ir Ic1 schooL8. snablng us to wrth her to reach knilie5 lo COUe more ywThJ pec4)le to parbupat8 In actsvrties that MW benth Ih8r h8allh and welb8ry. Weekend foolball was deliv8red by IL& whe5 Regan's SCcer SCtr ar AclNe Communilios Neith. 8es8kx&s ts 4-11 year-okjs with a eak over the summer idays. Weekly sessio¥ for 11-14 year4d5 rzn every Salurday Sunday year-round. On avernge th8r8 W8re 18 w¢1.panIS sessiorL Page 8
BANKSIDE OPEN SPACES TRUST (COMPANY IIUMBER: 01040674- CHARITY NUMBER: 1085454)
YEAR ENDED 31 MARCH 2025
TRUSTEES, REPORT
Sessi5 Ic 125 yd$ rnn weeY on Sabjrday evenings. The sesSr were devebped out of a
surge in youry acwsing the site Unsu1$1 durirJ th8 COV1[19 pandern. Or8 r85trictvJns
were eased, supplied Coac to ereat8 a rre quafity tryrien. Tr sessKJns a coached by
forrner p8rticip8ntwhowenl on lo (n[lete his FA kvel l o)&hing qualfftabcm. The aver8g8 number of
participants per Session was 12.
EmprIng •nd Engaging L<Kal ComunHiB•
Gr••n Hub
the course of its third r. the Gw SUPForled respknt4ed wen prciects in wr rThnmunity
across th8 Borou. BankskI8 a1 areas. W
8ANKSIDE OPEN SPACES TRUST ICOAIPANY NUMBE. 04040674- CHARrrY NUMBER: 10854541 YEAR ENDED 31 IAARCH 2025 TRUSTEES, REPORT 49 Sdents eompleted gr¥ir¥J a 86% gradUan r acro the programmes. or those that gr3duated 61% are now in emF4oyment fijrther traOnir¥J. Jot6 have Induded Royal Parks ApprentishIp$. Chekea Phys Garden Trainee. Klverde. FrrJnal Gard$, PLgnel Twf. The Outside Group, Clarion Housing. Glendale, SprtJThehts City F8rn. Sd¥xl Fc)d Matters. Wlder and Rozèrfo Gardens. FLJttJre Gardeners $ d8slJnod to an K4uslve prcYJr8mm&, 8nd rdy on rèfèrrnk from sèvwal cwganisations IlUdIng Thrive. Wesl Ham ParK Green Skils Hub. Royal Parks, Working Well TrJst. Hackney Parks. Work Path. variOushfawS &ross Lorth tx)rough5. St Mungo'5, Tharn85reath. Sustain Our N•wharn Wcrf Ofthe 57 students rerxuited to owfve rodS of FUre GardeTrs in 2024125: 61% were femae 4T% were trn an 8¢hnic mnoty backgrou1 60% had a disablty or health condilion FuiuT• Gardeners tjueen Otzabeth Olymplc Park 2- May 2024 [ring Ihe surnrner of 2024. we ran 8 Se(nd Future Gwdeners tyogrwnrne based Queen Elizabeth Otympc Park IQEOPI, wn w) patnsr5hip Tth lh8 LorKJon Legacy Devek)pm8nt corporati ILLDC). &Jikl East Skills Centre, erde and the Lcffi¢)n of Neham and Tower Ham. This w[mm9 Co1158d ofa Levd 1 Cty Guilds Atwd ()Jalhation d81Nered by therde based at tr1r training depcrt In aEOP. Thè stLKlents also completed a week kng ¢Struthn Sknms Certifiratlon Scheme In partn8rshlp th BUIKI East Sknls Centre. All sbAents completsd a h¥Trweek work pLicemtt in QEOP wth nyverde and $¢ Moble Gard for a oJmpJ5tirwJ workslw, th8 Clympic Stadium and ExtharwJe Squar8. Therè w¢ffj eM)Yabl1fy WorkspS arY fve ofthe studg7ts We hiterykn by ijverde at the end ofthe course for three avaikble positK)n5 in QEOP. AJI three posthrm5 were filled with Fubjre Gard8Ther8 gr8(Juatès who 8r8 ¢urrenty in the pw Oftha 7 students, 43% were male aThY 57% femae.43% rane from an eihK backgrwnd and 57% had a disabilty or a long-term he8Nh 100% of stsjdents compkted the cowsè and 71% moved hto ellhEr emF4oyrnent or fvrther tralntrvj. th8 othgr5 either rrNTred back hre abrrAd or needed &Ydilirffial SUPF#xito get dosar lo empk)yment. Future Garden•rs Tham9$Ml 1- F•bruary 2025 In February 2025 we ran 8 F¥lot Fuhjre Gardener5 proarnMe in Th8rresrne8d fvnded by MaWim and in partnership th PeabcJy. The ctyJrse consisted ofa Level l &ty Guilds Award QualifatIon thatwas taught by a freelance tutor Site in Tha[&ad. Nl studenls oynFleknY a twtrweekwork 8caMentjth erfher M8ylirn or Peabcty and wsited sttes across aThJ Tl Exchange en in Erfth. AJI stLhJe4ts wers inteNewed by PeatrKMty fora tx>sion tn theirenwr(ffimentalservKe5team trttherewere Iivg vacan$ and no students opted to Y)rk IDr MaylTh. Out of Ihe 11 stIents, 10 graduated is a 91% grJualvJn rate and outrrflhe 10that graduated, are now Thls is than usual as there We jobs Peabth at ts ttme of aduat)n and ncme ofthe studenls feh suitable IL¥ theiobs avlale with May& Of the 11 sbjdents 45% %4Ere fem and 55% male. 36% frcrfn an miwity b8CkgrJnd and 73% had a disabilty or a htyemi heakh o)ndition. P•g•10
BANKSIDE OPEN SPACES TRUST (COMPANY NUMBER: 01040674- CHARITY NUMBER: 1085454) Y&4R ENDEO 31 MARCH 2025 TRUSTEES. REPORT Ll¥lng Spa LNing Space is Banksid8 Op8n Spacss Twst's community c8ntr8 in Watewko. Lon). It offers hals and olfice space for hire an(J serves as a hub for c(rrnunty a{". vith a primary forw on e3sertti818ft9r- 5chcol s8NC8s holiday activib8s fL¥ chibjren yr) p80P. These indude free football sessions flve days a week catedng to a bro&1 age rarvJe, after sckd famY se55KJns Iwice a week wtih fr88 m8als for th8 whd8 farnity, arml a youlh Iwjb runniry In 2024125 L7rj sp8 wefrn strength to stre, d8spite several ehalknges, wth a totsl of944 hires with 16.221 att&ThJegs lexdud1j children seryices}. Acvths Irdj workshops. training, danc8, kwata. bands. crafts. sew-devebpmerrt. Iheatre. di5ablty WP5, ktal residents. $eSsn$. parties and church groups. In addfoon. kn"virvJ Spa( hosts ))ffee mc¥nings fcx adthts run by the N8t¥Jnal Autism SoCty. an adVe service kn indM"duaL£ wrth SEND requirèmenb provided by SOSISEN and hosts IndfvKluas wth ¢crylex n$ fwr days a we {r pathership with the Mintsty of Justice's ResloraliveJustu conbnued. bmging in Cunmunity Payback teams wtKJ urKlertc4)k essential 'Lmpad wort in centre once a week. pmvpJing a valuable Contributi lo the UFeep aThJ rwntenanc crf the mJir. Sadty. we had io tsk& tho drffiojli decisw to dose the pknywThY I1 we are Workw with Lorbdon PY Design in partnership with L8mbeth to m8ke essenlial rep8iFS to the plBygr¢JJtNJ equlpment wlth their qualnled stsff. Work Is carried oui by volunteer c(QKKate groups and superwsed by th8r sp8Ci81ist staff. Thanks to their work, wa have bten to sucssl rtrOn one haff of the playLvouTrd and we e to be able to (pet) anothw structure tfore the end ol the summ9r. The playgrnd ck6ure has had an in8vitsb18 irnpact on our Sabjrday party bkIn$ with a redu(c¥) in enquiries and some cancellations, but the centre land the children) swifty &JaFled to the $ia0"0n by pKoviding parents with ideas for party 98mgs arKI othw actywts. Uvlng Space Chlkknn and Youth Activitses LNing Space delNered acbvity sess)ns in the s¢hocA homays in rship wth Oasis Hub W8te¥bo and South London bfjngs footbal. We had 277 registered anend88S t•tho pldpated in 10 weeks of hdiday provision. DuriThJ term time oas provi(bJ famity SessMY a week uafts. spcts and g8m8s and rald fwlball, hgt rreaL% provided for Ihg famity. PrOValrJ &s58ntsa space arnj support for families, these sessk)ns help e(Jge actNty aThJ wellbeing. prn(le s(Mial skilLs amongst younger children and Provide par8llts wffh access to Styjnposting for further supw)rL Th8r8 are currth)ty 165 registered usets. They pmwde key SLt to pron>te CommuThCat skils in y(xmger chldren, aThJ support for Ferents. 08s6s Youlh Hub prOdj a ts"¢e weety Sess provhlirq tsbbe tennis. games and fOolbl. CODking an oppcrtjnty frjr 188n8 to re slake and drscovw naw Hot m&ab and snacks are Pded al pa¥pants. Aft8rscFKKI ILthI se5nsrvj pL run by SjIh Lorwjon lQr¥Js (n8$ bj t on8 crfour m061 ser¥Ks. In 2024r25, we Insp8 ¢xJr cornmufmiw to l¥tI)It and wtdoofs a vibrant programme of free, seasonal events. These induded IlaJship svmmw festsval. a welV festNe ga1hering. and We launched the yearwth our nN)st dNwse Bankgde Open Spaces FgStN81 yet. D8SPrte the unpr8di¢tabl& weather. the event opened *ilh a sso8ked Lab"na Fiesta. briNJirKJ Ihe cc4tyJr and energy of Scth and CenlTal America to Bankgde. EKJht bands on the matn stage, cnvemg blues. jazz, lunk, S(, rock. 8wKI country. Rj Cross Garden tsffed a calmer atsrnsphere with lolK Americana, and n8tur inspired , while Martbh SF(ts Garden afve dance. aNI 50ng. Prye 11
BANKSIDE OPEN SPACES TRUST (COMPANY NUMBER: 04040674- CHARtrf NUMBER: 10854541 YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT - Festiv4 goer 2024 Communty hOghlLthts Sncluded the debuLof Heart'n. Swl QK)w-Ixl8br8lwig Ihe 18bents of Fwft)mets wfth learning disabilities and autist peotde- ty1aM Irish and Ghanakan dance workshoF6, a standc BSL interpretation from R(tk C1r. making acLE1rtY Lxntral to thè wforma)c8. his was a bn"lliart and day fxrt. A wrtfe s8d)n CL¥mnunty wès rwesènted in Muthe w8ys" Fes1Nal goer 2024 For Ihe first I. 80SFesl ueated iJ&Jrated space for ndgeftt wsitws With acxessibk craft sessKJns and a qui8t zono. an sl8p pkn to bukl on w) futurn OV. s Is a rgally oventl" F&sllval w 2024 CoincKI9 b¥rth Lon¢)n Open Gardens. our gardeniThJ team aThJ vdunteers weknrn new wsitors to the Tate Modern Community Garden. contrilmjting io an 8stimat&J 15,( attèndèes aerc6s tha lestiv81. enjoYg live mu5r. danryng. natyre. faMY a¢tNitw, fwd. and fun. In 8Uturnn, Tatg (9rn CrMUnty Garden alg) a Sla1 frJT c&Yer resInts fealuring tradthnal & mash and a wngaloNJ wth Thè Bifriar5 Settl8Thnt's Nwjhbngalas cl¥ir. We ueated this ev8ntlo provide a wdcomiry. $Slle sdUnrj a time when cost and evenir can feel isolth"w. Around 120 attend885. Ind19 lh8 Mayxof Southvrdrk. Cwnalor Narna 1. enioy8d wroalh ¢hiklren's cnts, muled We, and a fvejazz barKI. We round&l off the year wth the Bu Easter HunL drawirwJ arcJnd 3( cildr8n to Red Cross Garden tr a furFfilled traq folk)wed by Pre5 aTrJ th at MadEoL spts Garden. As thays. Ihe BOST Easter Bunny mad8 8 )Yft11 appearan¢e. Throu9hout th8 yew. 0 pthr&J ryth kKa wps to hclst communty4•I events &rc6s rSpaceS. We rEinvyorated engJJern8nl with crossk&S Graveyard, forming an Event Adw50ry Group to feview gvent proposals. The p birgs together exFwke in evenl pknniroJ, Crossbcnes. cuttural hi8tcry. and relevant themes s4Jch as sex woth. daath. and LGBTQl+ Issuès. Guid•J by Ihi5 group. CrosstrKJn•s h%l8d t)(x)k launths and a sittrspeoffic thealre performance in 2024r25. AJtrJether, cwr gvents rethd an estmated XJ.LXKS PWFIO, t¥irJro ccffim1tse$ together. sUPrtIng heBllh and 1rJ. lj sho8$ir the poww ofopen $CeS to enrith INes. Tran•fornilng Oyn Spaces BOST seeks to both pyotect and imwove Ihe ILa green Space netwL¥k BaAk%"dtr and surrount1ing areas in orderto mth'g8te the $hcwtag8 of. and lackof accoss to. parks aTrJ gar(lens experie by rnsmyents arnl sit. IAarlborough Sp(Yts Gard•n Pha8• 3 Capltal Works We are making strong progress on our F4ans to translorn M•t(Kou Sports Garthn IMSGI into a fijl Inclusfve, S&bL8, and resilK8nt cA)mrnunty spcrts wdlbeThJ hub. Hanning permissK)n has b88n secured, Stage 4 desJrts are bery fts&j. fundrnk%iwJ is tlrfdl unthrway, wilh o)nslnJcticffl due to bwJin in earfy 2026. The redevthJF¢d ¥ite will 3b3nrfKanty expand wge and reath rA our FramMeS. erobling around 75,OCQ SIts annualty frc¥m peoplè ofal backgrLwrth. Sti[J lacilti8s such as tha Mu._Se games pfteh. sand court. W811 b8N. and tsblg tennis wll reman in pbce. with 8%SJition81 features includirJ a new 4Ckn running and a covarwj lltrss to Ltt8r progrnNmh)g and m¢x• usa of spaca. Page 12
BANKSIDE OPEN SPACES TRUST {COMPANY NUMBER: I)4040674- CHARITY NUMBER: 1085454) YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT At lh8 heart of the redevebprrnnt B a rw h) wih spwAs and an affordab café. Over £500,0(K) 11 a150 be invested in greening the sile to tackk pcw air quaty, Overheat9, and a lack of a¢ssible green s. Infomigj by cOnsc wrfh local users. the desvjn i1deS shaded seating and inwroved comfort througFK)Ut. A key comp(¥)ent ofthe woj&t ts ts sustainaLle motsl. The new facAths wll albx for incfeased revenue generation tUgh sparR hire. evenls. wr8ramrn1rwrUrin9 th8 site can supwxi both communty access and ltsntrtwm Operatal 8tlty. The èjdtknnal inc4Jne wil dSrecty fvnd free and 5ubsidi88d activibgs. to widen Fwik?paiM whikn mawrtanir¥J 4ffordabilty. Onc8 comp181e. K4SG offer vrlal permanent infra5truclure, SLK as accesba toi18ts arKI indoor spacè, that the &te ojrrenty lacks. Thk% wlh make It e8sr lo host ch)sed sessions for vulrratle groups and provth a mcfe WelrxJm9 enrOnMent for casual use. Currenuy. rKrfjr8mmin9 1$ Ctrained by wealher a1 898sonalty. Posgdevebprnent, MSG wll OTate year-rc4Jnd, sUPng IcteM) engagement and behaviwrthange. rholI$c n)de1 ¢ombir@s physical activity *ith opportunibes to kam about nuthiion 8nd wgUtawh8lpiThJ to builj a he8thier, more re8iltent mmUnIty in on8 of LoThJon's most 19Y populatsd and untsr areas. Charnplon Su•talnabllty Bank8Kle Open SpacA8 Trust wDrks to rAJr vnrffjct on ts 8nwirrffiment by 9ard8nry tl¥jut chem$. choosing dr(wht reskstant F4ants and using at4ree coffpost. We now have three zer gre8fpwaste sites.. Red Cr055 Garden. Tate CcmUnty Garden and Waterkn Mllennium Green. In 8ddrtion to thu8 IASG 15 ba¥&J on cir¥ Ecm)my prvicAt483 ihe tIk1¥Y h8ve zero net gain. P89e13
BANKSIDE OPEN SPACES TRUST (COMPApfi NUMBER: 04040674- cHARy NUMBEIL. 10854541 YEAR ENDED 31 IJIARCH 2025 TRUSTEES, REPORT Pl•ns lorth• Fulur• Lrj forward to 2025126 arKI twd. we wll c¢)ntYM to cJnsdkY8te 8nd Streen our actmlies. Planned iNtiatNes inthdt". Continuing to sacure ful fundir¥J tr) realisa Caiyta EW"t at Marfboroh SFx)rts Garden. Irea$g our netyths wrth the business o)rnmunity to gerwdte &Jditial unrestricted ino)me through expandirrtj r rmthio of 0pwxrtI8$. Enabling the Icra communty to access pubk 3p8ce at Tr (otto and devek)plNJ 1he park as part of tho SnTh¥sfieS d8V81LpmenL Publlc Benefft $tat8m•nt The Trustees h8V8 referred to the guthre contsined in th8 Charity commion'$ 98neral ldance on wblt b•nefit when wwing Ihe ChariLYs 84ns and LJjectives and in tA8nniryJ BOSTS lutUTe activibe$. In parbwlar. the Trustaas consK18r h(rw pknned actMt5 wll eonlributo to Bosfs charilat48 purFA)S8. Flnanelal R•vlv Th? group'5 results year are set OLrt Ihe Ststement of Financial Adivitses on 20. The group gen8rabJ a deficat of £147.716 12024.. suwus £218.4781 tr the yeBr. The deficit in 2025 Is linkeLI to the SUrU$ in 2024 whth was due io the brge value of grdnts eamed income receNed and re¢ognised in the year of expendit. Contractual income is r#x sdety reowised in the Trust acc(wJnts with the Strategic plan ofwnding down the Irading subshsiary haviNJ ¢xoJff•J, wilh this bwng (bjrmant unb"l a fUre rgquir8m8nt i5 MJBntffied. The unrestricted lunds {exdLvJing deslgnated} hekl by th8 group are £79.341 12024.. £285,290). The d8svJn8ted lunds total £1(X).000 12024: £100.IKJO) the restrthd lunds totsl £746,482 12024.. £688,249), which ir•S "eapxta asser fiFnd babncB of £237.61012024.' £50,422) in reLth. to the Eujhouse building. SO R(¥ Way. London SE11 HA.ftomt•fiwethe Charity DrateS and prolessional lees relaied b) th9 slart of tha cakNtal pfc41 al Marbwh SpL¥b Gard. Poy pollcy for K•y Management P•rw?nel Trustees o)nsider that senw manag8rrnt team, conwed ofts key m8n8gement pef30nnel of th Charity. are in tharge of directvwJ and contrthling. runn and (y8rating U)e Charity on a day-to-day bas. Al Trustaes gNe their time fredy aThJ no Trusta• remunwatim in the year. Detail5 of Trustee expenses, key rnanJe£nt Fer51ne1 aThJ ted paty tr8ns8cbons are discb)sed in note 14 of pay of th8 senvjr staff is rewew&J annty and rKKmalty increased in accordance with averagg 8amings. In view of the nature of Charity, the trustees tsentma against pay levels in other tharities of a similar srLe and opetsfjng Sn the same sects. The rernun8raiion is t*n¢hmarked usfing market dats whhch is r8adbly available. The sam¢ pay in pLace acrctss al staff. 14
BANKSIDE OPEN SPACES TRUST (COMPANY NUMBER: 04040674- CHARrrY NUMBER.. 10854541 YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT STATEME1 OF TRUSTEES. RESPONSIBILttES The Trusteès Iwhts afy $0 thè dire¢tors of BanksKl• OFn Spaces Trust fcff the purwses ofcaynpany Lqwl are responsible preparing the financid statements in 8ccordan¢g vlith 8pplicabb IBW and Unrted Kingdom Account'ng Standards (United Kin9dL¥n G8n8raly Acc8Ptod AcoxnUNJ Practthl, irKIlIng FInanrA RewtirvJ Stsndard 102 apF4KaNe in the UK Repu of Ir81and. Company law requtres the Trustees to prepa fmancial atements ftK eath year which give tru• and falr vbFw of the stat8 ol affair5 of th8 thartIab comwy and of the incoming reswrces and appkab'on of reSr¢eS. iidudiThJ the incxlne and eXpe[re. of the (anla) C[ fDr th8t period. ) preparing those finarKyal statements, thè TrLLStÈes are requir&1 to.. . Sdect actnng and appty lh conslstenty. Observe th& meth¢JJs aThJ princiFles Chty SORP.. Make judgemellts and estimates that are re850nabk and ent." State wther the appl¢ae UK P£ccyJnting Stsndards IFRS 102? have begn folrywwj. $ublect to any material departures dthed and explained in statements: Prepare the financial stsiements on the gc4ng concern basis Un$3 it B Inap[te to kv8sum& that tha eharrlablè eompany VA C41inu• in tyjsinass. The Trustees are re5w)tle ts keetmng propw acoxntiw rBcords whth disdose wlih reasonab c#Jracy at any time the finanoal F#)$ of the ctiaritab ccfflpany to enale thern to ensur8 that the financial stat8ments cornpty wrkn lh8 CLvnpani85 Ad 20L. Tlw are also resFthsible for safeguarding the assets of the tharitabk o)mpany aTrJ her£ ts tskn9 reasonat49 61eps for lh9 W8V8ntion arwj dakcticrt of fraud and other irregLFLgwthes. Iwfar as thè TTUStees arF ¥•vare'. Therg is no rebvant audit infcffrnati clwthith ts drIta company's aLvJrtors We una•Mrn. and The Trustees have taken all steps that they ought to have taken to rnake themselv95 aW8ro of any r48vant audit information and to establish that lh8 audrtor5 are awaw of that infomiation. The auditor, MHA prewousty trad through legal lIty Maontyre Htstsn LLP. In response to wulalory changes, Macintyre Hu¢Json c8aswJ to an audit registration wrth th8 engagern9nt transthoning to MHA Audit LLP. Auditor4 The audltors. w8rè atl 2024r25 firAndat year f(knlrs a lender prorss 11 b8 propo81 for a rfrapw¥ntm8nt at the forttrKornirg knnual Ger1 M88b"ry. Approved by order ofthe Board of Twstees .......... ... .. .......... .......... and shJnJ on rts baha¥ ty.. T Wrth- Chainnan Page 15
BANKSIDE OPEN SPACES TRUST (REGISTERED NUIIBER: 04040674) YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDITORS, REPORT Opinlon W8 have audited finanryal statements of 8anks#Ye Open Spaces Trus¢ (the 'parent Charitse compan} and its subsh1iary lthe'group')forthe year ended 31 2(Y25 which cornpri5e Gr(NJp Statement of Financial ActitS, the GroLV and Parerrt BrKe Sheet, the Group and Parent Cash Fkw Statemevrt a1 te5 10 the fin8rKd slatements, indLKSiThJ 8 3LtrNnary of SJnffin1 8CCnting prAiae3. The finanryal reporbng frarneKk thai h85 been applied in thwr pparatIon is aP1¢able law and United Kingdom Attouth"ng StaThJards (Unrted Kingdom Gtsn8ra ALrepted AcUntIng Practice), ijdng Flnandal Reportkng SlaYlard 102 Tr Flntirtial Rwrbng Stsrthrd aFvIK8b kn Ihe UKand R8PUtlic of Irdand,. In our inion finanryal ststements: gfve a true and fair vivw of the slate of th8 grwp arwj parert charilable (unp8nls aftairs as at 31 Klarth 2025 and rrfthe gr¢wp's irKJming resoww and resoue$, indudiThJ its in(me arnl exndire, lor the year then ended,. have tjaèn prLP8rlyw8pared in nc£wh United lfjngdom GeneratyAcCpt ArUnn9 Practi¢g, Financ1 RwtirrfJ Standard 102 Th6 Financsa Reportiw Standard apF4icable kn th8 UK and Republ of Irelantr. aThJ have b88n pr8pared in accordance th the wviramnts of the Charibes Act 2011. B18 for oplnlon We conducted our audrt in aeLY)ft18nca wth 1ntématjn Stand8rds on Alldf(ing IUKI IISA8 (UK)) and applicable law. l)Jr re5rA)nbitie5 under th(tse stsThlards 8re knrther descrÉbed in the Audit(n' resrA)nsibilities forfv audrt of the financial statemts secbon oftyjr rnporL We are d&pendent ofthe group and parent chaab company In lh8 eth requirements thal ara rev8n1 to our audit of thè finartial staL8ments in Ihe UK Idj the FRCS Ethic Stsnd¥d. and we have fijlfilled our Oth ethKl resportybakn'es in 8ccxKdance with these qUirements. We believe that the audit evidence we have Obtain is Suffnt aprryriatè to a basis for onIon. Condusl¢ns r•latlng to golry concern In audng the finanC[StateMents, we have clyUded lhaltrUSteeS, Lrflh8 concem basls of accojnting in Iha W•parati of thè financid statements appropriate. Bas on the work we have we havo noi *Jenlffied w materkl uncertalntth relatiThJ io events or condlUC$ Ihat. ndNIUa or cdlactivdy. may Ixst siwifirant doLJbt on th8 group or parerrt charitat4& companys alIty lo continue as a 1r0 a peri¢)J ofat lea51 nnthS frorn when the financi slatemenls are authortse(I for Issue. Our P)nSibIl[beS and the reSPIbl11bss ofthe Irustee5 wilh resFAd to w)irvJ ¢oncem are described in the rdevant seclrons of this repcrt Oth•r Infomiatlon induded the Anr4Jal Reporl, other Ihan the financial stateMts and our Report of the Independent Audrtors thereon. The tr[teeS are resp¥)rle for Ihe rAher information r£¥rrtained wrthin the annu rewt. ffinal slatements (hxs not o)ver the olher inhyrnabon aThJ, expt to the Pa98 16
BANKSIDE OPEN SPACES TRusf OIEGISTERED NUMBER: 0411406741 YEAR ENDED 31 IIARCH 2025 INDEPENDENT AUDITORS, REPORT extent othervme ststwj in our reForL we th) Th)t expyess ary fm crf assurane8 condusi thereon. In conn8Cti¢)n ouraudilofthefinancial stat8m8nts. wr resFKmSitaty is to read the other infc¥mation and, in doing CCM)skler th8ther the Other informaticffi Is matefSaly kn¢(SIStent the financk41 statements. or our knedge oblain9d in th& audn cth8Ms8 8pp8ars to b8 mgrialty rnissfated. we identify such material in¢(mthtenths or appar8rrt rrbatwi4 misslatgments. we are required to determin8 whether this gives rise to 8 materi4 rnStatement in the finarKial statom8nts thomsdves. If. based on the woth we hav& perfrAmed, we dl#Je that there a materlal MésstarnNi tsf this oth8r inf¢xmalion. arè require(I to rgpcfft that facL We h8ve nothing to in thk% r8gard. Matt•rs on whleh 3r• r•qulr•d to rAport by •xc•ptkn We have nothing to report In respect of the fdkning mattws vknere the Charities IAcctsJnts and Reports) Reguktior 2CJ8 raqures us to rekxyl to Y rf, in IKTropinw)n: inforrrwkn w in ROF oflha Tmstè•s 1$ irK>)nsistOrt in wy mthal r06Frtwiih I the parent tharit mpry has ncrt kqit atsjuate 0ting r8p)rts: or thè fina181 slatents are not i) J•èm8nt ¢rb[j r)rS and relwns: or we have nc4 r1¥•d •1 thts InfOrkn aTrJ eyglanaliorts we requwe lor au(tiL R•sp(islbllltlos of trust¢ exrAained more futy in th8 Slatement of TnL8tees' Re$rties. the trust••s (who are ako the directors d the charitable cornpany for the purwses cl ctvnpany law} ar¢ r¢srM)nsible for the preparation of the financial statern and b8iThJ SatiS8d Ihat th8y gr¥e a twe fair view. and lor such intemal contrcl as Ihe trustees determine is necessary to enatle Ihe prepafaticffi of ffinanckgl statemenb that are freè from mats11 rnisStateM thje to tra Lytffor. In preparing the financaal statements, the Int5tees are reswwNe for assessing the group and pant tharitable cornpantys a"lIty to ¢Jxrtinue as a Ing r%Jnrn, disdosirKJ. as aw4icat4e. matters rdated to golrrfJ cLY)cem and LL8iThJ the goiro CreM basL% of a¢runI]ng leSS the trLteeS ther intend lo IKiuidate the group crf parent tharitat4e company or io oporations, rA have no realistic altemative but to do so. Our r•sponslblltlos fgr thg audlt of th• flnandal stat•m We have been appinted as auditors urbjer Seclion 144 of the Chwiis 2011 and in acCrdat wlth lh8 Ad and regllatics m&e or 8ffect thereunder. r 0tr48clfves are to obtain reason*Ae assuran atrKxrt whether ihe flnandal statements as a vthole are free from matarial MStateMe ¥thether due to fraud or error. aThJ to &%U8 4 Ret of the 1nden8n1Audth thal our oplnkn. R8asonabl8 assurance a hvJh levelda&8urance bul is not a guaraniee that an audrt c0Th1uCt in acrx>rd8l with ISAS IUKI will aways detect a materrdl isstatement when it 8xk%ts. mstateMents cw artse from fraLwJ or error and ¥e tonsK18red Matsr1 rf. individualty or in Ihe ryjregate. tw couhj reascfiabty be expe¢bJ to irffluence ecorrf)m Px98 17
BANKSIDE OPEN SPACES TRUST IREGISTEREO NUMBER.. 0411406741 YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDrroRS' REPORT Irregulan5, includiNJ Iwaud. ar¥ I[r of 1Km0)m[4 wilh knw3 8rkY regulatH)ns. We design proceiJur8s in line with cwr rests1rt. oullinett above. to sjetect rnaterHI misstatements in respect irr8gui8ribes. includW fraud. The extent to ¥thic Jr edureS are capable ot detethng irregulariti.es. iicluding fraud 15 d8lB18d bth. Enquiry of mantyewtht aThJ th06e charpy with govern around 1, FthntHI or SUSFrfted IWgats"on. dalms, non-comF40anco wlth applicab and regulations and fraLkJ. ReVW of legal and profes5K)nal fees for ?vKlenrx of legal work undertaken orfineslp8nattie Inrred. ReWIr0 of fmanrid stalenwts rfisdosu and lestiro to SUFwling dtxumentatin lo assess comF4kance wilh aFplthL4& law5 and rBgulal¥Jrts. P•rformirvJ aLTrdtt work over the risk ofmana3ernentoverrid8. kndudlng t8stir¥J ofioumal gntrbs other &Jjustm8nts apwopriaten8SS. assessment oftho m&thcxJdogias usad In Oart0 cthul8t• the •sUmatsd f8trv81uèofk)ng- tsrm debtors at Ihe yw-and fLY KIr of bi. The accounting was cwed to the finaryy81 reFKJrbrrfJ stsndards where necessary and nfirmed to appropriate. RevIr¥ ac¢ountirrfJ e5timat85 for Lmas. Eiscussths amongst th8 8ThJa38rrl t83rn n fElati to how aTrJ whgrg fraud ¢Cr in Ihe financial statsmert8 and any potential ind010r$ offraud. rSCuSst$ vthh ma)¥Jement ovw any pot11 c sUSpectj fraud. Performing subststhe tssts of dtrtS over the 9)MF4eteneselStenCe ot irK¥yne Trthin the Performing audht wk design aThJ Implt.(ffi of key arojnd the rBcL¥diNJ of in(orne, and eorrobor8tiThJ eviderv to tho1 wl¥th had been rT08{1 the finan(#a stalemenls to ensure that income was rnete. ConsId•raon$ awound Ilkellhood of detlIon However, throt0 inheTrt knitatK•)s ofan the is an unavtwJatAe riskthatwe may havè delerte¢J some Materi misstatements ir? the finanoal stalements, even though we have property F4anned and Fthrmed our audit in dance with aUdtIrj standards. example, the ftjrther rernov8d -lianCe with laws and wulatiorts lirregularitsl is from the events iransactions refieded In thefinaKklstat6ments. Ih818ss liketh8 i1enIty limi wOlureS requir8d by audltiry stsndards wtyJkJ identify it. In additpn, as with audiL there rernwned a higher risk of noTrdeteclKJn r irregularities, as tsse May invcth o)IhJsM. forgery. Intental cnlsskn)s, mreprSentatICns, or the overrkye of intemal controls. We are not resnsIble for wev•nting n£Fh1nea 8nd camot t expected to det£d nl¥COrrlance with al law5 and r89uhtiiTh. A furlher de3ptIOn rf our for the audit of the fvartial StAteM is kncated on Ihe Financ1 Rewting C¢JJncll's website at vMw.frc..uk1audlt(NST8sKThiIMlrtl8s. This deKription fDrrns part d wr Rewl ofthÈ lThJepend¢nt AJit¥. Us• gf our report This ptsrt is [rde SOW to the ¢haritslAe tnjsiees. as 8 toty, in accordance P8rt 4 of the Charrbgs (Accounts and Reports) RegulalK4)s 2008. ()Jr audit woth has LEen undertaken so that we rnit slate to the charitable companvs trLK%tees those mterS we 8re required to stste to them in on ajitt¥S. rK) othw Tots ftJl*3t extent pemwtted by lthv, do Th)t aoxptor P&3e18
BANKSIDE OPEN SPACES TRUST IREGISIERED NUMBER: 040411674) YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDITORS, REPORT essume resnS"1ty to anyone i>thÈr than Ihe ch8riWle c(xnrAny the tharilaL4e compAn9 trustees as a boxjy, for r aLKJit for this rwL crforthe q)1[N we have fcImd. MHA S18tutory Auditr Swansea. United lfjwjom 1711112025 MHA is tha tr8dirvJ namè trfmHAAjlIS8rvlces LLP. a liablty rtnerSP in ETrgnd andWaloB lr891stsrl nurnber OC4555421 Pry8 19
BANKSIDE OPEN SPACES TRUST IREGISTERED NUMBER.. 040406741 CONSOLIDATED STATEMENT OF FINANCL4LACTlVtrES FOR THE YEAR ENDED 31 IAARCH 202$ 2025 Total 2024 Total funds LIntr1thd R•strld•d lunds funds INCOME AND eNDOWMEPfft FROM: Donations and charrtab actwitss 152.938 133.8C 10,002 486.512 162.940 620.321 138,339 845,758 Acfvlties for generatir¥J fund5'. Comrneroa trading OP8rations Rental Incom& 57,795 536,178 536.178 511,696 Investrmenl inccffie.. Ba[ interest 1A20 97 Total Incom• and •ndowm•Nts 496.514 1.320.859 1.553.885 EXPENDITURE ON.. Fundraising advlOoS Charitatjle tivtbes CornmercAI tradirvj operation5 27.824 1.CJ1.894 576 27,824 438,281 1.440,175 576 11,522 1,260,370 63.315 Total •xpgndltur• 1.IJ30.294 438.281 1,468,5Y5 1.334207 NETINCOMEI (EXPENDITURE) 1205.9491 58,233 1147,7161 218.478 NET AIOVEMENT IN FUNDS (205.9491 58233 (147.716) 218.478 RECONCLIATION OF FUNDS Total lurKls brought forwrnrd 688.249 1.073.539 855.061 TOTAL FUNDS CARRIED FORWARD 823 539 The notes on pages 23- 38 fvjrm part oflhese finaroal slatements. The statement of financ1 acbvlbes indudes all gains and 105ses reownised in the year and all incomo and exp9fKliture derive from continuing t. The of financyat ath"vibes akn eLynFlies th the requirements for an Iro)me and eXpendIre urbjer Compani88Ad 2006. Page 20
BANKSIDE OPEN SPACES TRUST (REGISTERED NUIA8ER: 040406741 CONSOLIDATED BALANCE STrEEr AS AT 31 MARCH 2025 fknup Grnup 2024 Charlty 2025 Charlty 2024 FIXED ASSErs Tangibl8 asset5 Inv8strnents 15 300.532 16 117.143 117,143 117.143 117,144 CURRENT AsSs Debtors Cash at bank 17 385.4S2 341.356 470.Cp38 391.572 391.546 gJ1.781 B61.670 731902 86426B Long t•mi d•blors 17 244.544 389.604 241544 389.604 CREDrroRS Amounts faling duè 7Mthin onè 18 134Q061) 1294.871) 1346.061) {292.7081 NAsSEr8 1 079 308 FUNDS Unr8slrict8d fund Designated fijnts Restricted funds 79,341 100,Cto 285.2 100,C( 688.249 85.436 1¢X}.o 746.482 100.000 TOTAL FUNDS 925 1079 308 Th8 notes on pag8s 23- 38 fomi of18 fimroal 8latemgnts. The charitsble company is enti118d to exempb'on from audit under secti 4TT of the COMnE$ Act 2006 for the year eThJgd 31 Marth 2025, although an audrt ha5 b88n carried out under Section 144 (rf thg Charits Act 2011. The membeTr h8v8 Th)t deited n(Ce. pur¥LWrt to Sctic 476 crfthe ComFoniesAct 20C rsquiring an aLNJtt ol finanoal ststem8nts. These finawal ststgrnents have be8n und8r the rg4uir8m8nts of 145 of Ihg Charflfi#s Act2011. These 8tgmerts preparod in wilh the prow¥in8 applubl6 to charitable Compan subj to the sm81 QynnIes. wim8. Thg financial $tat8ments w•r• apFYoved by th& Board of TThBlee5 .. C its b8half ty. d were sned T WcL¥J- Chalnman Page 21
BANKSIDE OPEN SPACES TRUST (REGISTERED NUMBER: 11411411674) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 Group Group 2024 Charty 2025 Charty 2024 Cash flOT Irom oper&ln9 139.754 167.839 93.655 Cash flows from knve•tlng actIvI•S Purc*ase oftaTrJible fij assets 1191.Mi) (63,) {191.39J) 163.9601 knterest Te1¥ 1.420 97 1,420 Cash prowidwl by I lu¥ed inl investing activities Chang• In cash and cash ¢qulvalents In th• r•portlng period 1189.970) (63.8&3} {189,970) 1&3,863} I.216) (7.7711 {22.1311 29.792 Cash and cash 8quivaknts at Iho bwniNJ clthe reporting 391,572 363,487 333.695 Co•h and ¢h •quSvalents at t •nd of tht r•portlng porlod Th• not•s on pag85 23- 38 fryrn fina131 stalerTWts. P&Je 22
BANKSIDE OPEN SPACES TRUST (REGISTERED NUMBER: 041>4116741 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 STATWORY INFORMATION 8anksde Open Sp#ces TnJ5t a charit8Ne £1panY. Imrted by gwaranlee, wisted in Engl8nd irt th8 TNst885' R8pxL ACCOUNTING POLKIES The financial statements of the carit8t4e c¢w, whith ts a putlic entrty under FRS 1Q2, have been prEpared in I1h Charilie5 SORP IFRS 1021'ALrounting and Rerting by chari88.. Ststernent of Recomm Pr&(e aptAKatle to d)ar1ti6S PTeparfng thtslr accounts In aca)rCe wilh 1he FinarKid ReporbThJ Standard appkatle in Ihe UK and Republic of Ir81and IFRS 1021 leffethe 1 Janry 20191,, FirwnrA RekKYbng Stsndard 102 The FInanG ReiKKing stsa applicabla in Lhe UK and RewtAic of Irelan(r and the Crffipanies Ad 20(. The finanryal statements chsritabk8 0)rnpanl8 [unCinal and pr8S8n1alb cJJrr8ncy is the pjund stsrfiw 1£) and ¢8s a rourbknl to rEarE5t£1. A &gnthcant L the ithity's is by way grants. rTWlly of whiGh r851rictwJ for specific purws or rKojects. The charity stiives to genwate unrestricw irwme in ryder to its general running wsts. In the uTrnt year, the chaty has rep)rted a defit In unrestrkt8d fiJThJs. but do8s havg unrestri¢lod erveS of£179.341 at the bakn s1 date. The Tw$tees have a reasorotle exptatic that 5uffKaent income trther wfth grants wll continue lo b8 e1Ved to rm8t ¥ls 8xp8rtses and fijtrjre rarmtal (x)mMitrnts and th8r&fore Ihe tharity has adequate reSrS to continu8 in op8r8tunal u5t8nce for the foreseeat18 future. Accordingty. t Trw8tses c¢)Thtinue kn) wjopt lce basis in finan04 51atemwts. Ba•1$ of ¢oMolldaiion The finan statements g)n50th the re5uM5 of the charity aThJ OwTrj SLthdiary, BankshY8 OFen spa TradirKJ rnit8d a &ntrby-lone basts in a{anCe ith FRS 102. secbi>n 9 arNJ Ihe SORP IFRS 1021. seckn 24. A seFqfdle Ststernent of Fin8nch Activities Irme and Exp8nditur¥ Awunt lor paTenl clwrity Iw5 fKbt bew FYe5ent8¢J bKwse the grDup has 8th48ntaga of th8 afforded by sec cltha Companies Ad JO6. kncorne r•¢ognltion AJI income induded on the statnent d FinarKal klknbes then the th8rftatrle company Ls 9dlY ned to tho ittc(¥ and the arTt can b8 quantird 1h r8a50naile acojracy. Where grdnts are sui¥"8Ct lo perforrnanr rdated cThX1"$. theywe rewniseL1 in the stat8ftftt of Finanual Activth"es ba1 Upc when the Frar rdat&J o)Thlthns have mel, in line wilh th& Statement of Re¢(xnftnded Prxbce.. ACjrIrvj arvj Reporting by Chawiti85. DLy)ati0r are rewgnised eitl en reVed unless itsrty has bÈw in wrtDrvJ of Lx)th the amount and date ofexpe¢ted payt. Inco from tr1rj xlivrb85 r80)3nwd the delivery of and th8 provi8h)n of $eMces. Interest lund5 dopD%t 15 Inl receivab Ih? rnnl can be m8asLrJ re8 by the rarfty. Donated seM¢e5 awNJ knTrbE5 a wi5ed a5 wKorrE and exFtTrJIre when the benefit to the charity can b8 re&8onatAy quantikd or m8a8ur8d 1$ maleri lo the ¢harty. Tho valu0 ofvoluntWS' timè ha5 not ba8n in th& acoxnts. Expendltur• recognltlon Uabilities are r8CL4nis•J a5 exFeTh4itur8 a5 5c#Jn 85 th8re Is 8 b3at or constnth& oNlgabon cnrnrt11ng the charty to that eYpendth1. ft is kythable Ihat $elleM be required, and the 8nt of the cèligation cart te measured re&atty. All eXpditre xcojnted ky the xtyuals èasi. Al expenses I4ud sJrp)rt c4)sts ar• albxgled lo the 8F$knb exFeThJth he8diry. Page 23
BANKSIDE OF>EN SPACES TRUST (REGISTERED NUII8ER: 04040674) NOTES TO THE FINANCIAL STATElJlENTS FOR THE YEAR ENDED 31 MARCH 2025 2. ACCOUNTING POWES- Gontinu8d ExpÈnthturE. whith 15 tharged on an xcru basis. Is aled behveen expendlture IncAJrred directly in th8 effort to raise funds. expenditw¢ in(wod th'r• in thefunt ofthe charity's obj8thvas, and exppnditurB IUrTl in lh8 nagtl&1mln1StrW%lofttdMnfyIm0r¥c0sts#ndotheI oKndIre). Exp•ndltw• on rnl¥lng fuThd Costs d genwatiffj lurnls a Ihe L¥)sts iroJrrvd in atMiThJ irorne and Ihjse incxThd in other trading acbvitie5 Ihat ratse fiJKIs. Expprnliture on tharitstAe athrybes Ihe cosL8 di• aswaatÈd with MMUnty vdurrteering and inv(fvem8nt projects. conmunty 9derrJ. SF#Nts aLMli8s tn gra8n sparx. hobJiThJ 8vents and P•n55on costs The thartty 0rates 8 den >ema. Tf p$b)n Lxtst charge represents c¢"110ns payai4e by the thaffji bj Ihe ffiJTrJ, in •th of Ihe s¢heme. Mlcant Judgemonts and esllrnats8 In the appfirats.on of ¢hairtl$ pc4, the tlS1888 are wuired to make judgents, estimates and assumptions atrKJut Ihe Cang arTK)unts of assets and liabiltbe5 ihat ry)t readily apparent rrom other s£(C8s. Th8 esbrnates and asswatsd as$umpts"ons aro basod on histori¢al experience and othwfathswli¢h arp son5NJered to be rdev8nL Actual YeSts may dTrYerlrom th&88 estirnates. Th8 estirnatesand Undeng assumtth are DlTrg bas. ReMonSI0 accountin estimates arn recognised in the peri¢>J in whith the eslpngte is revised if tF ¥s1On onty effeds that Thg fthl(Mryrfj are Ihe vib"¢al jLMernonts that th8 tru5188s hav8 mJa in the wctess of aPpng the tho flnwKial statemènts. irrnent of assets ssets a asstsssed kn indtstor5 d Impaient at eè bel9 sheet dat& W IheTr 1$ (tierve evhlence of impaimienL an IM1rent l¢)ss 15 recoJw5ed in the S13tement of Finar181 AC¥es. Provk8ions are rerxNJniW the d)arity ot4+JaliJn as a res ofa past ev8rt and 8 reliaL4e estimate can be m•Je of a wcat4e adverse OLrtc¥yne. OthBrwse. material Ctingerrt l(abllWes a dis¢ktsed unks5 a trdrtholecorKffiic berrtS t& r8nN. cOnts"ntaSsels are 0Y diSdrad rf an infv ecOnOM Lwxfft5 15 pYct@L48. The annual devation C8rgetstsibIOfix0d ass4tSi%$8n5Tt0 ch8ng85 in ih? 85trnat•a 58j1 econornic INes Lrf the assets. The useftl ec¥MKMlliC Ir¥es reasse55ed anwvJally aThJ aeIed when rwssary to ref1 8strnat8s of e0)rMiC UsaI)n phy&icl c¥Jndilion of th8 Flnanclal Inslruments Bask firal assets. trade c4fftwd8btors and o5h and bank bakrn%s, ar8 knalY measwwj 8t transaction price unless the 8rrar¥J8ment o)nstittJtes 8 finawng transacb"(m. where the transacbon 1$ measured at the present value of tha fut1 rec8ipts disnted at 8 market rai8 of interest Page 24
BANKSIDE OPEN SPACES TRUST (REGISTERED XUIIBER: 040406741 NOTES TO THE FTNANCLAL STATEIIJENTS FOR THE YEAR ENDED 31 klARCH 2025 2. ACCOUNTING POLICES.¢Orfinu NOn-eXchan transactions. as grant debtor5 ar gwts are recogni8thI atth8 present vaue of likely amwnL Amy gal arising trorn pr858nt vabJe Bdju5trnerrts rwni8ed in thg Stat8fflent of Finartrid kn"ti85. Bas finantsal &atx"&tw. indudirKJ tr olher aj knns. are initlty Tecognise¢l at tranwtion Fthe the anaTrJerneni ccrt5titutes a tr)sacllon, where the debt nstTumsnt L% MaSuj at kyosonl of thfr frmjre paymwts dl5oxn at a mkot rat• of interesL T•ryJl• fix•d •s••ts TangitAe fixed assets stat1 at cct lBSsthwThb. IndTri(Jal fved •ssels L))slrJ£6(KJ rmre are c4Ytali5ed at COsL DepT18t?n is at ratss cbxl•J ) wrfle off tst orvduakn offix&l ass8ts, less th8lr e51irnated re5NJu4 rdluè. fftr their exp usefvl &ves on the ba585. Freeh(Ad Lqnd r¥)t depCh2ted. Lease1 improvements Offlr equlpment Park fixtur85 and fftb'ws G&eIj equipment Cornr equipt . 25 oflhe188s8 - straight ovw 5 year5 - aighi ovet 5 y¢ars . straight th. over 3 years . strattht over 3 yew5 Taxatlon Rentsls underoFerntiry lea885 are charpj a5 exp¥JIb a strnlghHine b8 rNefthe peric¥J ofthe ka5e. Pe10n ¢ts Th8 charity operates a defined c{thition p8Twn sehwne on thaYof ts amrloyegs. Contributions aTe tharged to Ihe Statement of Financi8tActMty in the Feric#J in which they are pay&>k. Tr assets ollhe scheme a separately from Ilwe of Ihe ¢hw"ty in 1Thenty adrninistered lund. Granl irKyxrE deleTh to [Ure kEriLK15 the gt 1$ lAl0 pwk)rn) r8labJ cOrvjoon5 beir9 The grant d8feTh8d and nc4 recL¥rri5ed urrfm the are fvty met Inv•stm•nts Fued asset irwe51m8nls are vaW atfairT4abJe. Fund aCu[lg Unr8Strict•J ldS Can used in xtC¢dC•Wlkn chwt49 c¢5 atlhg di8crotion ol i Reslricknj can ontybe used forp8rbrJJlarre51riLled WryK)seswithin thiects ofthe charilae PBge 25
BANKSIDE OPEN SPACES TRUST {REGISTERED NUMBER: 04(1406741 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IIARCH 2025 INCOME FROM DONATIONSPX) LEGACIES 2025 2024 95,903 67.037 110,210 28.129 Gft in Kind 2025 Donatkjns Grft in Kind 85.901 67.037 10.1))2 95,903 67,037 Total nm• from donadons and l•gael•8 151938 10.rJr2 T7.019 28.129 33.191 110.210 28,129 Gift in kind Total Income frorn donatlons and legacles 105.148 33.191 London Play. The value PCed C these contributKns is £67.03712024.. £28.1291. The income 8quival8nts ar rgcognk%wJ wthin IlLalKlS and grants. wrth c4mswnth.ng Ghag•s incl within unrestricted suppJrt costs. Page 28
BANKSIDE OPEN SPACES TRUST (REGISTERED 14LIM8ER: 0411406741 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARrrABLE ACTMllES 2025 2024 Grants Contraci irKom• 261.139 359.182 646.100 199.658 The signfftant Increase in ¢ttr&jaI Ir Is due to the transfer of income trom 8ankslde Open Spacw Tr&JiTrJ Lmbted. 202S Grants Contracl ino)me Total Incomo from charStabl• 2.700 131.109 2SS.439 228.073 261.139 359.182 133.W9 486.S12 2024 Grants Contracl irt4Jrr Total Income frorn Gharltabl• aclmties 39,789 95.315 .311 104,343 646.1CKI 199.658 135,104 710.654 845 758 INCOME FROM COMMERCIAL TRADING OPERATIONS OF SU&SIDIARY 2025 Tradirg ncom? There was rf trling irKryne tFYough(NJt th8 year. Al trading irKyTh i% ntriCj. Page 27
BANKSIDE OPEN SPACES TrUST (REGISTERED NUMBER: 04040674) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTrAcnJAL REPAL INCOME 2025 2024 Unmtrl¢t¢d 2025 Renr#l inc¢n 536.178 536.178 Total witractu¥l r•ntal Incom• 536.178 2024 511.6 511.696 Total contrathal r•b)tsl Incom• 511.6 511.696 IKrEREST INCOME 2025 2024 Intet •icc•ne INCOPAE I (EXPENDITURE) 2025 2024 Net Inco I(8Xnditurel is slated aftercfArgiTWJ I l(¥edibrvJ}: Depreryetion of t8ThJible fixed asseis Operab"ThJ kase paymenls Aulitor reMuneration-d[l AL¥Jitorremuneration- NoTrknJit 8.((J1 9,694 16,300 12,120 6,027 1S,7XI 3,250 Page 28
BANKSIDE OPEN SPACES TRUST (REGISTERED NUMBER: IJ40106741 NOTES TO THE FINANCIAL STATeMeNTS FOR THE YE4R ENDED 31 IblARCH 2025 EXPENDrniRe ON CHWABLE ACTMllE8 2025 Dit charitatAe 08fvY Staff costs Other operational cy)sts D8pr8uation Legal & prcrfesshjnal Premises costs, repai and maint8r*r Supwl Costs (see bekxl Governance Lx)sts (see bekAV) 139.881 296.940 127,334 3.799 121.OXI 125,049 167.132 20,709 169.166 233.243 309,047 530,183 127,422 8,001 126.952 145.077 172.784 20.709 4.202 5.902 20.028 5,6S2 Swbport costs 2025 cMunIcation $ts Sessiw81 Staff costs ISCOVer8b18 VAT Sundry 61S 425 2,452 9,119 7,855 127,081 15.431 13,298 5,403 127.081 12,922 13.032 2,509 167,132 5.652 17 784 Gov•manu 2025 Audit strate developmw 16,9) 3.759 16.950 3.759 Page 29
BANKSIDE OPEN SPACES TRUST IREGISTEREO NUMBER: 04040674} NOTES TO THE FINANCIAL STATEME18 FOR THE YEAR ENDED 31 IIARCH 2025 COMPARATIVE EXPEMDITURE ON CTriARftABLE ACTMnES 2024 Direct tharit8bltr defv Stsff costs other operaOnal 19 Depreciation Legal & profeSonal Premises costs. repalrs and makntenan(* Support Costs Is88 bebwl Govemance ¢c&8ts (see beb)w) 132,654 272.155 24.195 7,918 15,598 144.466 142,081 20,535 133.320 260,674 265.974 532,829 24.675 12.120 97,146 161,053 146.038 20,535 4,202 81.548 18.S97 3.957 500 768 1260 370 Support $18 2024 Communication ry)sts Sessional workers staff costs Sundry costs 10,131 4.017 115.565 12,368 514 2.950 10.645 6.967 115.565 12.861 493 2024 Audit Strat8gK dovdopment 19.0(KJ 1.535 19.OLX) 1.535 Page 30
BANKSIDE OPEN SPACES TRUST (REGISTERED NUMBER: 040406741 NOTES TO THE FINANCLAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. EXPENDITURE: SALARIES AIID NATIONAL INSURANCE 2025 2024 Salartes Sctial securty Petsions 592.248 53,252 20,665 S67.093 50,011 19,802 11. The penshjn cost charge reFvesents c£)tn"t¥Jl>)ns payat4e by the Charity to the penn sthemè arKJ amrMJllt8d to £20.66512024.. £19.8021. Ccmtritrtjbons totskng nl12024'. 1) were payat4e to the fund at Ihe year end arvj are induded wthin credrtLY5. 12. EMPLOYEES Th? nurnter of empbyees lolal enwknyee tnefits than £60.OthJ is as k41.. 2025 2024 £70.(K11- £80,(LIo £80.001 - £9).(0 The 8veffd mcfilhty number of ernpk)yees Itirre eqwakntl dwir¥J the was as folk)ws'. 2025 2024 18 I& VOLuiifEERS Th• valué of YUn' Iwne giv year is r)t reJty qLntifiable and. in line with the requirements of the SORP. has t bè8n rxyJni$8d wlthin the 8rmJnts. Page 31
BANKSIDE OPEN SPACES TRUST (REGISTERED NUMBER.. 040406741 NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1& RELATED PARTY TRANSACTIONS, TRUSTEES REMUNERATION AND EXPENSES AND KEY MANAGEMENT PERSONNEL REMUNERATK)N AND &XPENSES. No trusle88 r8mun8ration in the year {2024'. nll. No In189$ W8re Tmr5ed any exnSeS{2024." nill. The key management per$c¥)l olthe Charrty athe ChlEX8tiy9 Olfic¢r. the He&J of cl)ernb"cs ond VIng Sp8(x, lh8 He8d of Parks and C1MU and the Head of Spwt and Developmgnl. Th8 total emkloyee benefrts of the key management per$Ln81 of the Charlty were £225,445 12024.. £220.98n. K8r8n Atknnson. trust88. empkny8d as a directry al the Cty Bridge Foundation until S8t8rnb8r 2024. A balance of £255.61812024". £321,930) was oWj by City Brijge Foundation at the year end. DurlrwJ the year. gts of nl12024.. £379,720) We awarded frorn City Bridge Foundation. 15. TANGIBLE FiXED ASSEfs- GROUP AND CFiARrrY Furnitw•, Par Fhdr4g8 & Lthu•11d lIxtyr & Plwl & Ewv)Trvint ffttings machingry M•rlbDrough Caphal Pfoiect Total COST Bruught fo¥wwd Additk)ns 181.317 191.390 191. Ai 31 M8rth 2025 34.086 181.317 191,390 421.776 DEPRECIATION 8rougM fowd Charge fr* Ihe 25.847 446 72.413 113.243 8.(K)I At 31 Marth 2025 26293 79.8 8.688 6,295 121.244 BOOK VALUES At 31 March 101.349 191Jg0 3110.532 Al 31 Mar 2024 239 117,143 Page 32
BANKSIDE OPEN SPACES TRUST (REGISTERED NUIIBEIL. 040406741 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. INVESTMEKfs. GROUP AND CHARrrY Gr(P 2024 Chaffty 2025 Charlty 2024 Invastsn8nt ot ¢0st The chty hokls f share of£1 each in its owned tradir¥J $utridiary (xjrnpany 8ank%de Open Space5 Trading Ltd incorporat8d in th8 United lQThJdom. These afft the only shares alk)Ited, called up and ftjly paKI. The and resuls of this cwyany are sM#Se ltr•r. 2025 2024 SUMMARY PROFrr AND LO8SAccouKr Turnover Cost of sales and a¢Jrninislrath)n ec6ts servi rarge payable lo Ihe chaTFty 57,795 163.3141 1576 Mat profftlllossl 576 5.519 The assets and IlabAtl•8 ofth• subsldlary ww•: Current assets CUrrtt liabilbti.es 31,444 36,963 6.095 Total net $•18111ats111•BI 4519 Aggregate shar• capSts1 and r•••rv•• 519 17. DEBTORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR & OVER ONE YEAR - GROUPAND CHARITY Grnup Group 2024 chFty 2025 Charlty 2024 Short t•m) Debtor Prepayment A¢vued inr Bonkslde Opw Spares Tr*Jlng Other debtcKs 168.218 6,928 210,056 142.816 133.T16 193,5( 168,218 6,928 210.056 6.094 29) 139.456 133,776 193,506 35,043 470.098 391.546 1.781 LoThJ term 541 389.604 241544 389.604 Page 13
BANKSIDE OPEN SPACES TRUST (REGISTERED NUIIBEIL. 040406741 NOTES TO THE FINANCIAL sTATEmEPs FOR THE YEAR ENDED 31 MARCH 2025 18. CREDm)RS: AMOUNTS FALUNG OUE wrrHW ONE YEAR- GROUP AND COMPANY Group Group Chalty 2025 Charlty 2024 Trade crethlrys AcLruals Tax and social s8cunty Deferd income INoie 191 Other creditCff5 64.799 2.870 22.433 165.775 38.991 84.670 130.362 40.855 64,799 2.B70 22.433 165,775 38,991 82.750 130,112 40.855 ACCRUALS AND DEFERRED INCOME Group 2025 Gmup Charfty Chartty 2024 Baance browht forwrnrd Amounts released to income in year Amounts defead in the y8ar 44.972 144,9721 165.715 44.972 {44.9721 40,855 17,484 117.4841 165,775 17,484 117.4641 40,855 165.TT5 40.855 11S,775 40.855 OPERATING LEASE COMMITMEPITS Th& *rity +w oper8bng lèasè o)mmitsnents rel8tiNJ lo its rental as shown bekn. 2025 2024 v¥ithln 1 2-5years Owr 5 yèars 10.694 49.187 91.038 32.030 37,061 1CQ.417 P&3e 34
BANKSIDE OPEN SPACES TRUST (REGISTERED NUMBER: 040406741 NOTES TO THE FINANCIAL STATEIIIEKrs FOR THE YEAR ENDED 31 MARCH 2025 21. ANALYSIS OF NETK8SETS BEfwEEN FUNDS GROUP Tarytjle rd assels Ngt 8s88ts 62,922 16.419 t37.610 9)8.872 3(K).$32 625.291 I.0[KI 79.341 100.OIXI 746,482 925,823 Tangiblè fix8d ass813 Investrnents Not ass8ts 237.610 3CKI.532 22.513 1(.0[(1 508.872 631.3B5 746.482 931,918 ANALYSIS OF NASSErS BEtWEEhl FUNDS- pre¥lous year GROUP Tolal Tangiblè ¥ss•ts Net assets 66.721 218.569 50,422 637.827 117.143 956,398 100 1)00 688 249 1073 539 CHARtrY Unr•61rk I)•61gnat•d R•6tr1ct•d Tangib fLxed assèts Investments Net assets 66.721 50.422 117,143 219.341 I.((1 642.823 962.164 286.1)63 100.000 693245 1.079,308 Page 35
BANKSIDE OPEN SPACES TRUST OIEGISTERED NUIBER: 04040674) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2025 IAOVEMENT IN FUNDS- CURREKf YEAR At 1Mfa4 Expend1[9 Transfer 3113125 unrestrict fund• 285.290 824.345 I1,.294) 79.341 Deslgnated lund• 1Crf).iKKI 100,(XKJ R•¥tri¢tsd fttndg Cap6talAss8t Proj8rt Funds 50.422 637.827 191.) 305,124 14.2021 1434,0791 237,610 J8,872 TOTAL FUNDS 1.071539 1.320.859 11868.5751 925.823 MOVEMENTS IN FUNDS- COMPARATIVE 31rJ124 Unr•strfetsd fu
)9.889 809.840 (834.4391 D•glgnated thJnd$ 11XI.(KXI 1CK),C C8pitalAsset Project Funds 54,624 1,548 743.845 14,2021 (496.5661 50,422 637,827 TOTAL FUNDS 855.061 1.553.685 11.335.207) 1.073.539 P&Je 36
BANKSIDE OPEN SPACES TRUST (REGISTERED NUIABER: 04040674) NOTES TO THE FINANCLAL STATEMENTS FOR THEYEAR ENDED31 MARCH 202S DpIlO. nature and purpos• of restrlcl•d fund8 Communlty Involvom•nt and voluthorhig Inv(Aving our loca Mmunity to h81p irnprov8 and maintain parts and gard8ns. dglwer ¢JJr evts, art as truste85 and suptth owwider wryk. Communlty gardonlng ProtectirYJ and improving 8¥br (yen spares dgvek¥>. d95bJn oThJ cr8at& nvw 5P inc¥easiry accessibilty ts all. Funding thot htrlps us wovidè a185 to 1th and waltéing of tho communlty we serye. Events Funding r8ceived tryd$ (xganisro rnnty evenls and eFW8 bx81 mmunities. Tran5tormlng open spaces Funding that helps the charity to both prOtt and irnprove the ktal gr spxg netsvork in Banks8 and surrou1)g areas. CapW ass•ts This indthyes.. S(lh CoL5ncal rdth.rvd to fundirq r8(%ivgd t{F•AS tho provision of rthf 8ccomrn0dati( 8nd surrrrtJThYing t8ndsrnpiro. The told furKI capitalisad in 2012 and the bakince carried f(Vard rewesents the undeprgckltwJ ¢xst of the ass8L Quadrant (E Htyjsel. retr"rJ to fundlng reeefjved towards the pro¥rislon ol new office accommodallon and surrLwndlng landscaping. The thnd w&8 capnal*&l In 2011 and 2012 and Ihe balare carried fryward represents Ihe undeprwated oxst ofthe asset. Pfolessional lees required to Flan lor the cL¥nmunty hub at Ihe Marltwjugh Garden due to tha term bBnefits buikliThJ wll prDwde for Ihe ILK81 communty. Unr•strict•d funds Thi5 15 th8 W8ral fu. avalabl8 to sp8nd at the th5CrBtX oflh8 1w5tW5. D¢$ignat•d lunds These are funds set asidè by Ihe Intst•ss ILY the captal proj8el urnlerway at Th& Marfbwjgh Sports Gard8ns. P8g8 37
BANKSIDE OPEN SPACES TRUST (REGISTERED NUMBER: 040400741 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 RECONCIUATION OF NET {EXPENorruRE)rn4COME TO NET CASH FLOW FROM OPERATING AcThimES Group 2025 Group CharSty Charlty 2024 2025 2024 Net movement In fuThJs Add back deprecK8tion Deduct InteTesl Inc(¥n8 shovm kn 1nv•stsYrt aetiMt*s DecaSe111ncseI in deblors Incre88elld8creas81 in credrtors Other Not Gash provld•d by oporatlons {147.7161 8,CX)1 218.478 1147,140) 224,247 12.1aJ 8.1 12.120 11,4201 197) {1.420) 1971 229.706 1264.3361 255,295 1310.7161 51.183 89,927 53.353 168.101 250 56 092 167 839 ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Cash at bar CAPITAL COMMME11Ts A8 at 31 Marth 2025. there were c4Jlal ccMnmlJneNs12024: £nill. Page 38