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 0404￿74 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 J￿e 2024 D•bordh N8g8n Koy manag•m•nt p•rsonn Charfotte GItsen￿- CEO Nith De$m￿l- Ho8d of Cwations and LMrvJ Spxe IMIILam Rallison- Head d Parks CC￿m￿n￿e$ Jac* H8fTi50n- Head of SFrfXt arml De￿I1)pment MFLA MHAHouse Charter C￿rt Swansea Enterpts8 Park kndynd•nt Audltors SA7 9FS Lkn6ty Trltst Bank pk Four Bri￿￿￿11aCe 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 cr￿rnUnrty to creat8 and care fur aw8rd-winning. sustaina￿8 green spxes. Our 16 parks and gardens are irKkJsrv8 ac85 where peopl8 can 18arn, grr￿1, ￿ay. and thrNe. Each y8ar wè wdtLJme over a mllcm vlsltors. hjongside these spaces we run and support prOj￿ts des*JwY 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 ￿y*￿er, ar8 th8 spaces them5efves. ThLs is beeause know they Fday an invaluable rok? in cornbatbng ow ¢haryJ￿Q 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 math￿1 Lotlery COMM￿lty 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 pro1￿1 delNery. To prc4eci wr we've devel)F*d arkj wil continu8 to grow as broad an irKorne P￿lfc410 a5 POSSt4e. indLxling irtcme frffii hires. gardeniThJ cx)ntracts, consuttancy. corrmts wrykd8ys. and ind￿ldual 1S)natK)ns. Wg atso wce•ssfilty akWi8d to n8w and &xi8ting grant makeF5 for and mutt￿Year grantfvndirvJ aThY are extremety gra¢efrA io wrfiJnder5 who have provthd us with UFdift8d funding to meet some of increased salary &)sts. A￿ther of our key fo¢uses 15 $lay - tdh thrcKvJh el)10￿r￿j ow green spa￿, and thrO￿h free events and actfvibe5. Our Marft#)rough SFKJrLs Garden IMSGI is a hub for th15 area of our work. Our excrfirKJ P￿nS 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 c*Jr $￿e and Is of great lmFQrtar￿8 as tr* upgraded site us to thxjbbe wr Thpxt. OLY pl*is iidude.. A40m running tr8c*, o)vered frfness deck. arwj fiexible indoorsp8ces. affr￿dable cAfé, ￿ssi￿￿ knlels. and 81kweath8r faclities. Over£S00,000 of g￿ening, tthig p[￿ wr quality. overheatiThJ. a￿1 lack of shadp. Th8 MSG'5 hire irKom8 i8 grLW by 31% thanks to lh￿ wnwovem￿ts. In bjm this wll finance a signThl¢ant expansion in our free sports ccwhin9 prwmn*5 by ￿27. The sc* of the MSG proj.ect demonstrates ourcommthnt to nthuriNJ tN)th WF4e and skn. It rellects wr passKJn for 8rwring that everyL￿, regardless Ot background or cirrJJmslance. can access vibrant. ￿lthY spaces aTrJ t*e p￿1 pro1￿ Ihal SUPFfAt w&*)eiThJ. Strewn comrTwThty. budd more resi1￿1 thJtur8S. Thè trust8es. who ¥8 akn directc¥s ofthè Chanty for tha pur￿ ol the C¢xw)an￿ Act. pr8S8nl th8ir 8nnu8J rw and rm8￿#81 Slatern￿ts for ts year ended 31 March 2025. The financid ststements have been prepared in a1x0rda￿ with the accgunting set out in the not8S to lh8 finar￿la1 stalernents and comtAy wilh th8 Charitys g)veming ¢Jocumert the Charities Ad 2011 aThJ 'Accounting and ReF#Ytiro by Charities.. Striwn￿l of Recornffwded Pr8elicg appkable lo ct￿n￿.8¥ pr8P8ring th9ir accounts in 8C(x)rd8nce the Financial Repo￿"n9 Standard apF4Kable in the UK and Repubk of I￿￿nd IFRS 1021 {effecttve 1 January 20191". The reFQrt i8 akn preparwj in ￿COrd￿ smam ￿npanY rgjing (Secti)n 419(21 of Companvas Aci 2￿61. Page 2 BANKSIDE OPEN SPACES TRUST (COMPANY NUMBER: 04040674- CHARrrY NUMBER: 1085454) YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT StTuciur•, go￿￿0n￿ Jnd managen￿lIt Gov•mlng Documgnt Th8 Charfty is 8 Wmlted company. l¥nlbJ by rywantee. a8 by thè CoMpan￿S Act 2LK6. Thv& vrns wiewed and updated in 2023 to refieLt rTKKe accwatety vknat the organtsation does In actie* and to ¢￿￿re thal 1n1ste￿dIreCIors are ar4)oin18d in a m￿e open and tran￿aren1 way. enC￿ragIng inrAusion. equity dw￿r￿. Sub$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 Int*M"ew. Interviews are conducthy by the CEO and ex￿8￿ng m8mbèrs oflhe Board in fwtheranr8 of Ihe obi8cts of lh8 Trust ar¥J posts ar• therts"s&J across ¥a￿u$ 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 Trustee￿Slaff a5 apFryThte', teir*J 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 &r￿Ulaging to note that the Bo*d is well represented by Tru8taès 8 wde range of skius en￿mPa$S1￿j Ihe ol thus requ￿1 fo gov8rn the Chanty. Organlsatlonal Stru¢turn The Trustees 98neralty hold qu8rtwty [T￿til￿$ at vthich dea"sicffis on 3tratwy. pdiGy 8￿j pr8Ct¥x are made. The day4￿tsy nJnniro of the tharty B d*gal•J to the CEO with the Head of Operalion5 and LNing Space responsib￿ frx rperationd management. {￿ers￿jht of the Ma￿tr￿￿￿lgh 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#i*d 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 idenltf*d 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 i￿￿E#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 tha￿e9 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 ac￿1 reserves as at the balance $￿et datg total￿￿ £16.419 12023124: £218,569). The Trustees are closety r￿WIng fv18vel of free reserves hek1 on a regular basis )d 0)nsideri￿ opliorts to •adIe￿ the gap. The frB8 r858r¥85 wll r*ed to be re9￿arty TgVi8W8d the year. Page 3 BANKSIDE OPEN SPACES TRUST (COMPANY NUMBER: 04040674- CTriARITY NUMBER: 10854541 YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT Gtslng Concern The Boatd continu85 tD mawrtain a review of the Clwitys gjlng cotKem basis. The Trustses appreckqte lh8 various extemal and inlemal faclors that prove a risk to ￿￿r￿j c(YKxm. Nolwithst8fKlirvJ Ihèse th￿9h. the Ttwstees have assessed tt)at Ihe Charty is a gotng COr￿ern, and the financial statements have been epar8d on that basis. OUR PURPOSE AND ACTMTIE8 BOST'S Chwitabh Pu￿0 To promots, for the wblic benefft. the conservation, Fyotecbon and improvement of the buil and natural environ￿￿nE., and. in so doirg. to also advanr* phys￿1 and mentsl heamh. educalkinal opportunitses aTr communlly d$¥*loK¥n*rt kn ar￿ of urban ¢J8rtsty Ihr(whc¥Jt ETrjL￿d and Wdgs. Mlsslon Stat•m•nt Toenrth qualty oflrfe ty creatin9 s￿￿LIe. attrwANdy th¥Jr*d and well Managed ctsnM￿ty spaces. To support crtjr mission. we.. Enhance Heath and Wollbeing ErnrM)wer and Engage Lrxal Crrnuniios Transfc¥m OF*n Sp*es Chanp1￿ SAJStainatshty Enhaneing H•alth and W￿1b01n9 CommuNIty G*nl•nlng 2024125 hKJhlKJhts-. Nominated fry Britain in Bk¥)m- Urtlan CcThmunty Award- 2025 Four London in Bk¥xn Awards indLAliNJ gc*1 for Rad Cross Gardan. Tat8 c(￿MUnty Gathn and waterk￿ Millennium Green COMM￿ty G￿n F￿j 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 k*J 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 e￿stIr0 ow sp*es and develop, design ar¥J create new 0￿. irueaslng ac￿sSi￿A.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 cc￿tracts 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 he*th wls. c+Jer pg)F4e exPer￿ror0 i8iAation, k)cal reshyents ofall ages and local busi￿ workers. We make space fr*wl(llrfe ￿ Ihe heart of London by malrtainnJ and C￿tIng ha￿Lits like bg piles, dead hedg8s [tr￿n gr88n w8st81 w)Thls and pl8nbro tr rKj1inpt￿. ThK8 year we rnpintsin&l W￿1]18 created five log piles and three de•J hedges for vAdlrfe. Bankside Open Spaces Tntst wcx*s to reduce Ouf inpacl vt the enwrcmment by gartlening *itsut Ch&M￿al5, C1￿51n9 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 V￿nteerS d8dic8le to imprwng. malntsinlng And sh￿l￿a￿ng oUr￿rkS and gardens. helpwig delN8r wrevents. aciing as trustees and suppcKUng c*Jrwider work. We awn to recrult vdvnt88f8 from a dNers8 rwgg of b￿k9rrAJ￿￿s that repr8Wt kxal comrnunty. By Y￿rking in partnership wth the vohJntary and ￿Mmun￿ sectc¥, we focus LW ietruth.ng peop￿ with ￿arnIng drfficult￿s. those in r8COV8ryfrom physK4 and rnantsl h8alth ￿diti(￿S. lknse at rlskofhom8￿sn8S5. 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 Ed￿li￿al Needs and Disabililies ISENDI are m supportgd internship programmes, and students VA)0 ore l¢)w¥ts quafftal*)rts In horoeulture. In 2024r25 we vK*knd wlh 63 Communlty Gardenln9 V￿nte¢r5 69 people taknng part in our community outreach and engagement usslons deSIgn￿ fc•r spKifk groups s￿h as SEND $bJd•nts p•opl¢ wtth anxjety, r¢fugeg8 and aSY￿rn seekerd 29 Crossbon•s Ward•n We hosted 245 ￿MMunNY gard•nlng s•sslons kn 2014125. Our CommLm6ty Garde￿fig Volunteers ctrntrlbuled 5T16 hours to keeplng our parks IDoklng beautlful for tho local cornmunrty. Vdunt8er Crossbon8s Wardens enabled us to open the sik for six hours each week. and 2 hJurs on th8 first Sabjrday ol the m¢Mth, and for w81 avants such as Iha BOS Fèstiv￿ and Bards and Bl8sslrMJs: welccMnir4J the public to the special and Uniq￿ crossb￿ Graveyard. We gather feedbw* from ow ¥C￿nteerS, has reveaknj thaL a Sense crf personal hievem$n( th8 most en1oyat￿e a5P8cts of ¥L4unt8erirwJ were aroL¥MI bu￿fing rdatkjr￿hlps 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 yo￿nteerIng 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 0￿d001$. wovides a refreshing £¥eak from my usual indoor routine. Volunt8&riry 188ves f86lffrrtJ n￿ntaI￿ rgtsshpd 8nd inv&w8t8d. One ￿￿￿0￿bIg 8XP8ri81Jce w8s firy first ¥rlunleering sess1￿, ￿anting daffodms while chalbiu and getting lo know my fellow volunteefr3. Thnxwh my Invithment Lwith BOST. I have had Ihe pbasure of som8 truly wondgrfvl pgoplg." Lucinda. Thursday group, Math %J25 ovelypeople 8nd8 wholesom& (¥us*. wont￿10 bè (xrtdN)ts In 811 w&&t￿rn A hwlwt ofmy w6&k AnonYr￿U$, March 2025 he cmnecbw Ihave with other￿1￿￿e￿ tl* chats 8bxrf 98rdening. teirffJ invdved in keepng historiGal spac8 81￿, part8ktng actively vj the I￿81 Lx¥nfflunity arjd sh8ring lrfe gxpenencgs morg gener81fy have been ￿n￿edlbty en17¢hiw n7cvnents for me as a reGenl ao7val to the Re￿hboUrttr￿.- Anonymous, Marth 2025 Community Outreach and Engagernent Cmjr new Cornmunty Er￿J￿M￿t wryk focuses cffi Ihee key areas". Outr8￿h. Ergagement aThJ Recruttment year we Str8rVther￿d 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&s￿n8d to these grwps to rArbLypal8 in gwd8nir¥J actwli85. buildiro th8 ski15 and confidenc* need￿ to volunleer again in the fvlure. We f￿d Ihat many parbupants expressed an interest in gaining 5ki15 for 8rnploym8nt and a desir8 to COnn￿t vthh natur8 arvj th8 comrnunty. We aim to facillate this by offering more gardeniThJ oppwbJnii*s anLI by usirrfJ whal we have knrnod frcm Ihis exp￿r[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 ￿l￿dIng beds higher for eas& of access. We are also planning micro-volunteering sgssions th 8 speck81￿1 Autistic SP￿truM Disorder Dfumb8at CoW8ge. and the wat￿ Community Coun$eUiro MU￿.￿thniC Courtseliro Setvice. Corporat• Volunt•orn This year w8 delI￿ra￿ 58 eorwrdta wAunt88rirvJ gardeniNJ s8ssths ￿1h 8 total of 742 YO￿nt8￿rs. Many cornpanes, both ￿tuMir￿9 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 M*lLg Group. Wornble BoThJ Dic*inson, Norton Rose F￿l¥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. col18d1￿y, 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 g￿al 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 9￿81 lo he* thg c• and the gre8nspace. do sorngthing conu)letslyditfgrgnl, but 81￿ sp8nd tThFe wth collgaguès in 8 ¢L¥nplotely dIffer￿t 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 a￿1nd tho arna 1hro￿ th8 m8intsn8nc& of b&autrfulgreen spaces foreveryone to enjoyandajw volunteers to develop the g&rdening skillsl Our le8m loved h61ptng txrt andhUltyA*Com￿a$ 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 f*JYI¥(e w made a rnal rferenGe to part in the aftemcon ￿ We￿ ltse￿.. real lun. sense olaGGornpltshm8nt8TrY t1xyD￿IY 8￿￿Y￿b￿.- Svedana from Assurgj Guaranty, Septerntr￿ 2024 80ST team facrfltated an excellent seswn lor us. As empk>y888 we had th8 9PWrtvnty to Ct)m t0gether0tsls￿e 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, pass￿ale 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 & Your*J. Septsmber 2024 ustafa w88 8 gre8t I￿lfrt0¢¢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 I0￿dI{￿S tykx81s arK* so Irow Manyp80￿ and onioy tho speGe.' Anonymous leamed ab￿rt Kyepanrsi the garden for wMTh￿r. The 8XPg1i8ncÈ* off8red a f•sclnatln9 gllmpse Into th& 8n s 8eOSyStem- IFogs, $mèll wildlilo and &ven locals and staff eryowng tr￿'r lunch brgaks crn8t•d a INing micmccwn. We accOmpl￿hed a signfrant amwt iniusl three hwrs. I k)ved￿. N81hali8 from Cty BrvJ3e FouFKlakon. Marth 2025 Marfborough Sports G•rd•n Fre• Prograrnmts MSG and our free F￿ramme$ are a unhiue and wtal resource kn our bcal eomrnnrty who face mU￿pIe 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 ov*I4*1ght ￿0bese at ap I¢￿11., c￿e of ihe worst ratss in the crAJntry. Amnd a third of aftér-SL*Lx4 pa￿C4P3nts a￿ frC￿ a￿aS thich sccwe 1_311 lh8 most deprived) on the national lThJex of mU￿pIe 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 aff￿t&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 w￿k linc4uding Fr88-Play S855￿5} during thg spriTrJ. 3umrn8r 8rbJ athurm t8rm$ b8￿88n April and Octo*r. SessKJns We￿ for chIld￿n a9ed ￿11 and we ¢￿vIted with chldren frorn Sev￿ local schools bel￿ we ue8ted the pr(%Jr8mn￿ tg t*tter undersland what aCtiV￿e5 IW w(xJkl like to tskg Part in. The we8kty programme constsled of footbal. t¢￿ wugby, basketball, roler skatirKJ to mLtsi, be￿h tennis. beach volleyball. wall ball and crickeL Qu￿lfi&￿ 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 He￿Ite8cher Irom STr7￿￿j3 Primary Schcd Sa￿.. IIsty79 #aff from schcol supihyted the 1888 confidenl chudrgn as theyworn wlth famAiaradults who undStst￿ttj￿Irn￿I$. Thls was ¥￿p)pularW1lh th& chosen families." To further our with dthjren with SEND. W￿ Tan 8 'SEND Mr*ning5' progrynrro beneffitting 20 neurodwerse chihyren from local school* We also ran a SEND Spw)rts FestTval for fve primary sehools in partn8rship wrfh A¢￿ SrML The festhl ￿ atlended by 47 [w￿1pant& DurirvJ th8 5clvJol 1K)￿ayS we run affordablg rnulb'-SFrt)rt8 ￿rn[6 and alkThle 48 fr98 FAac8s pgr ramp to chiKlren frorn Ir￿￿coMe lamilies ftwght otl*Mse strugg4e to attend. Coaches from Lon&)n Swth Bank univ￿Sty'S Sports Ambassa(kys prc•Jramme delivered actNities daity IexdL￿Ing bank hO￿aYS￿ across the holhyay period, supported by our Activity C(x)rdinalor. 15 a150 a qU￿lfi￿1 (y)ath. ￿8T Iha year, ￿ wdcorned 136 re9i#ere(I part￿￿1$ into our f￿e F￿ramme. ger*ratirg 766 att￿danCeS across ts sessK)ns. Children were referred ty thetr sdKds, w6th kqates offwed Ihrwh nirt pmrtner sehcds and add￿onal referrals from fN8 others. includiro one hom&sth(diThJ seth"ThJ. or those ta￿ng up free Fkns. 63% were boys, and on average. 71% of parwts were from ethn￿ rrMThxity baL*wnds. "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 cornn￿nIty8rnry th8 ￿e0￿48 (¥>n￿ here. and enioyedcomiry 8v8ry I r8811ylik8 the co8ches, Ihey rea11ysup￿Y0Uri19tI$th$.. Hcliday camps parbcapant. 2024 We surve￿1 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 ¢Wtinu￿1 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 I￿r Ic￿1 schooL8. snablng us to wrth h￿er to reach knilie5 lo ￿COU￿e more ywThJ pec4)le to parbupat8 In actsvrties that MW benth Ih8r h8allh and welb8ry. Weekend foolball was deliv8red by IL￿& w￿he5 Regan's SC￿cer 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 Sessi￿5 Ic* 1￿25 y￿￿d$ rnn wee￿Y on Sabjrday evenings. The sesS￿r￿ were devebped out of a surge in youry acwsing the site Unsu￿￿1$￿1 durir*J th8 COV1[￿19 pandern￿. Or￿8 r85trictvJns were eased, supplied Coac￿ to ereat8 a rr￿￿e quafity tryrien￿. Tr* sessKJns a￿ coached by forrner p8rticip8ntwhowenl on lo (￿n[lete his FA kvel l o)&hing qualfftabcm. The aver8g8 number of participants per Session was 12. Emp￿rIng •nd Engaging Ln. Bug Lif•, G•rd•n. Mud Gang. V•oli•. Souihwark C(w￿l1. Stsrfing Landsw¢$ •nd St Mory'$ Ecochurch 2 Gr•en Hub Pmiects bein9 •w•rded London in Bloom Aw•rds for the '11￿ Your N8lghbourho¢)d' category Feedback from Y3: -1 know 8 A* (rfmum5 th8 8Stat8 • apryxi8t8 wh8n Ihw chNldr8n ccffl8 do￿￿ to the gènyen, V￿Y bum up erw and the mums ￿t soms wac•. P8• 1 fanlasi¢ for de.str&ssiw and for "l think thgt to learn ￿ drfert and to sham exp￿n£t$ 'It was effjgm6ty helpful lor mè. Sorn wgrn In my coM￿lc8t8d hye R8sporws to tr¥$ yearfs Green H￿) suryey r￿knj Ihat 1(￿ of pwticapants had enjoyed lh8 itwc4vemant wrth tho prcrfJram. 91.7% falt Ihèy W lèaml naw things galned new skllls. 1W% of those vtho fileil in L￿1 survtys féli Ihey had galned a new by attendiThJ and 92% felt dcksef to their o)mmuThty as a Tesull of attend￿￿. Fuiur• Gard•n•rs Fulure GardBn8r5 ￿ ￿rfr8e Cty arbj Guld¥ h(￿tic￿ll￿rB cours& at thos• who ar& lemi UneMplo￿J. or who vant to make a carear Cha￿ arè Str￿911r￿￿ to acc8ss fvriher educati￿ trainin9. From April 2024 to March 2f25. 57studonts partKapahY in our9th year ￿FUNIre Gard9r￿r5-this includ•s three ￿gUlAr courses {FG20, FG21. FG2218s wdl as QEOP2 8￿j Than*sme8d1. Page 9 8ANKSIDE OPEN SPACES TRUST ICOAIPANY NUMBE￿. 04040674- CHARrrY NUMBER: 10854541 YEAR ENDED 31 IAARCH 2025 TRUSTEES, REPORT 49 S￿dents eompleted gr¥ir¥J a 86% gradUa￿n r* acro￿ the programmes. or those that gr3duated 61% are now in emF4oyment ￿ fijrther traOnir¥J. Jot6 have Induded Royal Parks Apprenti￿shIp$. Chekea Phys￿ Garden Trainee. Klverde. Frr*Jnal Gard￿$, 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 I￿lUdIng Thrive. Wesl Ham ParK Green Skils Hub. Royal Parks, Working Well TrJst. Hackney Parks. Work Path. variOush￿fawS &ross Lorth tx)rough5. St Mungo'5, Tharn85reath. Sustain Our N•wharn Wcrf Ofthe 57 students rerxuited to owfve ro￿dS of FU￿re GardeTr￿s in 2024125: 61% were femae 4T% were tr￿n an 8¢hnic mnoty backgrou￿1 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 Ne*ham and Tower Ham￿. This w￿[￿mm9 Co￿￿1158d ofa Levd 1 Cty Guilds At*wd ()Jalhation d81Nered by therde based at tr￿1r 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 pLicem￿tt in QEOP wth nyverde and ￿$￿¢￿ Moble Gard￿ for a oJmpJ5tirwJ workslw, th8 Clympic Stadium and ExtharwJe Squar8. Therè w¢ffj eM￿)Yabl1fy Works￿*pS ar*Y fve ofthe studg7ts We￿ hiterykn￿ by ijverde at the end ofthe course for three avaikble positK)n5 in QEOP. AJI three posthrm5 were filled with Fubjre Gard8Ther8 gr8(Juatès who 8r8 ¢urrenty in the pw Oftha 7 students, 43% were male aThY 57% femae.43% rane from an eihK backgrwnd and 57% had a disabilty or a long-term he8Nh 100% of stsjdents compkted the cowsè and 71% moved hto ellhEr emF4oyrnent or fvrther tralntrvj. th8 othgr5 either rrNTred back hr￿e abrrAd or needed &Ydilirffial SUPF#xito get dosar lo empk)yment. Future Garden•rs Tham9$M￿l 1- F•bruary 2025 In February 2025 we ran 8 F¥lot Fuhjre Gardener5 pro￿arnMe in Th8rresrne8d fvnded by MaWim and in partnership ￿th Peabc*Jy. The ctyJrse consisted ofa Level l &ty Guilds Award Qualif￿atIon thatwas taught by a freelance tutor ￿Site in Tha[￿&￿￿ad. Nl studenls oynFleknY a twtrweekwork ￿8caMent￿jth erfher M8ylirn or Peabc*ty and wsited sttes across aThJ Tl* Exchange ￿en in Erfth. AJI stLhJe4ts wers inteNewed by PeatrKMty fora tx>s*ion tn theirenwr(ffimentalservKe5team t*rttherewere Iivg vacan￿$ and no students opted to *Y)rk IDr MaylTh. Out of Ihe 11 stI￿ents, 10 graduated is a 91% gr*JualvJn 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 av￿la￿le with May& Of the 11 sbjdents 45% %4Ere fem* and 55% male. 36% frcrfn an miwity b8Ckgr￿Jnd 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{*"￿. v*ith a primary forw on e3sertti818ft9r- 5chcol s8NC8s holiday activib8s fL¥ chibjren y￿r￿) p80P￿. These indude free football sessions flve days a week catedng to a bro&1 age rarvJe, after sckd fam￿Y se55KJns Iwice a week wtih fr88 m8als for th8 whd8 farnity, arml a youlh Iwjb runniry In 2024125 L￿7r*j sp￿8 we￿fr￿n strength to stre￿, d8spite several ehalknges, wth a totsl of944 hires with 16.221 att&ThJegs lexdud1￿j children seryices}. Ac*vths Ir￿￿d￿j workshops. training, danc8, kwata. bands. crafts. sew-devebpmerrt. Iheatre. di5ablty WP5, ktal residents. $eSs￿n$. parties and church groups. In addfoon. kn"virvJ Spa(* hosts ))ffee mc¥nings fcx adthts run by the N8t¥Jnal Autism SoC￿ty. an adV￿e 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 UF*eep aThJ rwntenanc* crf the ￿m￿Jir￿. Sadty. we had io tsk& tho drffiojli decisw to dose the pknywThY I￿1 we are Workw￿ with Lorbdon P￿Y 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 suc￿ss￿l￿ rtrO￿n one haff of the playLvouTrd and we e to be able to (pet) anothw structure t*fore the end ol the summ9r. The playgr￿nd ck6ure has had an in8vitsb18 irnpact on our Sabjrday party b￿kIn￿$ with a redu(*c¥) in enquiries and some cancellations, but the centre land the children) swifty &JaFled to the $i￿a0"0n by pKoviding parents with ideas for party 98mgs arKI othw actywts￿. Uvlng Space Chlkknn and Youth Activitses LNing Space delNered acbvity sess*)ns in the s¢hocA homays in ￿r￿ship wth Oasis Hub W8te¥bo and South London bfjngs footbal. We had 277 registered anend88S t•tho p*ldpated in 10 weeks of hdiday provision. DuriThJ term time oas￿ provi(bJ famity SessMY￿ a week ￿ uafts. spcts and g8m8s and ral￿d fwlball, hgt rreaL% provided for Ihg famity. PrOV￿alr￿J &s58ntsa space arnj support for families, these sessk)ns help e￿(￿J￿ge actNty aThJ wellbeing. pr￿n(le s(Mial skilLs amongst younger children and Provide par8llts wffh access to Styjnposting for further supw)rL Th8r8 are currth)ty 165 registered usets. They pmwde key SL￿￿t to pron￿>te CommuThCat￿ skils in y(xmger chldren, aThJ support for Ferents. 08s6s Youlh Hub prO￿d￿j a ts￿"¢e weety Sess￿ provhlirq tsbbe tennis. games and fOolb￿l. CODking an oppcrtjnty frjr 188n8 to re￿ s￿lake and drscovw naw Hot m&ab and snacks are P￿￿ded al pa￿¥pants. Aft8rscFKKI ILthI se5￿ns￿￿￿rvj p￿L￿￿ run by S￿jIh Lorwjon lQr¥Js (￿￿￿n￿8$ bj t* on8 crfour m061 ser¥K*s. In 2024r25, we Insp￿8￿ ¢xJr cornmufmiw to ￿l¥tI)It and wtdoofs a vibrant programme of free, seasonal events. These induded IlaJship svmmw festsval. a wel￿￿V￿ 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 s￿￿so8ked 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. R￿j Cross Garden tsffe￿d a calmer atsrnsphere with lolK Americana, and n8tur inspired ￿, while Martb￿h 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 C￿1r. making acLE￿￿1rtY Lxntral to thè wforma)c8. his was a bn"lliart and day fxrt. A wrtfe s8d*)n CL¥mnunty wès rwesènted in Muth￿e w8ys"_ Fes1Nal goer 2024 For Ihe first I￿￿. 80SFesl ueated iJ&Jrated space for n￿d￿￿geftt 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 CoincKI￿9 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. enjoY￿g live mu5r. danryng. natyre. faM￿Y a¢tNitw, fwd. and fun. In 8Uturnn, Tatg ￿(￿9rn Cr￿MUnty Garden alg) a S￿la1 frJT c&Yer resI￿nts fealuring tradthnal & mash and a wngaloNJ wth Thè Bi*friar5 Settl8Thnt's Nwjhbngalas cl¥ir. We ueated this ev8ntlo provide a wdcomiry. ￿$S*lle s￿dUnr￿j a time when cost and evenir can feel isolth"w. Around 120 attend885. Ind￿￿1￿9 lh8 Mayxof Southvrdrk. Cwnalor Narna ￿1. enioy8d wroalh ¢hiklren's cnts, muled W￿e, and a fvejazz barKI. We round&l off the year wth the Bu Easter HunL drawirwJ arc*Jnd 3(￿ c*ildr8n to Red Cross Garden tr a furFfilled traq folk)wed by Pr￿e5 aTrJ th at MadE￿oL* sp￿ts Garden. As thays. Ihe BOST Easter Bunny mad8 8 ￿)Yft11 appearan¢e. Throu9hout th8 yew. ￿ *0 pthr&J *ryth kKa wps to hclst communty4•I events &rc6s ￿rSpaceS. We rEinvyorated engJJern8nl with crossk￿&S Graveyard, forming an Event Adw50ry Group to feview gvent proposals. The ￿￿p birgs together exFwke in evenl pknniroJ, Crossbcnes. cuttural hi8tcry. and relevant themes s4Jch as sex woth. daath. and LGBTQl+ Issuès. Guid•J by Ihi5 group. CrosstrKJn•s h%l8d t)(x)k launths and a sittrspeoffic thealre performance in 2024r25. AJtr*Jether, cwr gvents rethd an estmated XJ.LXKS PWFIO, t¥ir*Jro ccffim￿1tse$ together. sUP￿rtIng heBllh and ￿￿1r￿J. ￿lj sho￿￿8$ir￿ the poww ofopen $￿CeS to enrith INes. Tran•fornilng Oyn Spaces BOST seeks to both pyotect and imwove Ihe IL*a green Space netwL¥k ￿ BaAk%"dtr and surrount1ing areas in orderto mth'g8te the $hcwtag8 of. and lackof accoss to. parks aTrJ gar(lens experie￿￿ by rnsmyents arnl sit￿. IAarlborough Sp(Yts Gard•n Pha8• 3 Capltal Works We are making strong progress on our F4ans to translorn M•t(Kou￿ Sports Garthn IMSGI into a fijl Inclusfve, ￿S&bL8, and resilK8nt cA)mrnunty spcrts wdlbeThJ hub. Hanning permissK)n has b88n secured, Stage 4 des*Jrts are bery f￿￿ts&j. ￿ fundrnk%iwJ is tlrfdl unthrway, wilh o)nslnJcticffl due to bwJin in earfy 2026. The redevthJF¢d ¥ite will 3b3nrfKanty expand ￿ wge and reath rA our F￿ramMeS. erobling around 75,OCQ ￿SIts annualty frc¥m peoplè ofal backgrLwrth. ￿Sti[￿J lacilti8s such as tha Mu￿._￿Se games pfteh. sand court. W811 b8N. and tsblg tennis wll reman in pbce. with 8%SJition81 features includir*J a new 4Ckn running and a covarwj lltr*ss to L*tt8r progrnNmh)g and m¢x• usa of spaca. Page 12 BANKSIDE OPEN SPACES TRUST {COMPANY NUMBER: I)4040674- CHARITY NUMBER: 1085454) YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT At lh8 heart of the redevebprrnnt B a r*w h￿) wih spwAs and an affordab￿ café. Over £500,0(K) ￿11 a150 be invested in greening the sile to tackk pcw air quaty, Overheat￿9, and a lack of a¢￿ssible green s￿. Infomigj by cOns￿￿c￿ wrfh local users. the desvjn i￿1￿deS shaded seating and inwroved comfort througFK)Ut. A key comp(¥)ent ofthe woj&t ts ts sustainaLle motsl. The new facAths wll albx for incfeased revenue generation t￿Ugh sparR hire. evenls. ￿ wr8ramrn1rwr￿Urin9 th8 site can supwxi both communty access and ltsntrtwm Operat￿al ￿8t￿lty. The èjdtknnal inc4Jne wil dSrecty fvnd free and 5ubsidi88d activibgs. to widen Fwik?paiM whikn mawrtanir¥J 4ffordabilty. Onc8 comp181e. K4SG offer vrlal permanent infra5truclure, SLK* as acces￿b￿a toi18ts arKI indoor spacè, that the &te ojrrenty lacks. Thk% wlh make It e8s*r lo host ch)sed sessions for vulr*ratle groups and provth a mcfe WelrxJm￿9 en￿rOnMent for casual use. Currenuy. rKrfjr8mmin9 1$ C￿￿trained by wealher a￿1 898sonalty. Posgdevebprnent, MSG wll O￿Tate year-rc4Jnd, sUP￿￿ng Ic￿￿teM) engagement and behaviwrthange. ￿rholI$￿c n￿)de1 ¢ombir@s physical activity *ith opportunibes to kam about nuthiion 8nd wgUtawh8lpiThJ to builj a he8thier, more re8iltent ￿mmUnIty in on8 of LoThJon's most ￿￿19￿Y populatsd and untsr areas. Charnplon Su•talnabllty Bank8Kle Open SpacA8 Trust wDrks to rAJr vnrffjct on ts 8nwirrffiment by 9ard8nry ￿tl¥jut chem￿￿$. choosing dr(wht reskstant F4ants and using ￿at4ree coffpost. We now have three zer gre8fpwaste sites.. Red Cr055 Garden. Tate Cc￿mUnty Garden and Waterkn Mllennium Green. In 8ddrtion to thu8 IASG 15 ba¥&J on cir￿￿¥ Ecm)my prvicAt483 ihe t￿Ik1¥Y h8ve zero net gain. P89e13 BANKSIDE OPEN SPACES TRUST (COMPApfi NUMBER: 04040674- cHAR￿y NUMBEIL. 10854541 YEAR ENDED 31 IJIARCH 2025 TRUSTEES, REPORT Pl•ns lorth• Fulur• L￿￿r￿j forward to 2025126 arKI twd. we wll c¢)ntYM* to c*JnsdkY8te 8nd Stre￿en our actmlies. Planned iNtiatNes inthdt". Continuing to sacure ful fundir¥J tr) realisa Caiyta EW"￿t at Marfboro￿h SFx)rts Garden. I￿rea$￿g our netyths wrth the business o)rnmunity to gerwdte &Jditi￿al unrestricted ino)me through expandirrtj ￿r rmthio of 0pwx￿rtI8$. Enabling the Icra communty to access pubk 3p8ce at Tr (*otto and devek)plNJ 1he park as part of tho SnTh¥sfie￿S d8V81LpmenL Publlc Benefft $tat8m•nt The Trustees h8V8 referred to the guthr￿e contsined in th8 Charity commi￿on'$ 98neral ￿ldance on wblt b•nefit when wwing Ihe ChariLYs 84ns and L*Jjectives and in tA8nniryJ BOSTS lutUTe activibe$. In parbwlar. the Trustaas consK18r h(rw pknned actMt*5 wll eonlributo to Bosfs charilat48 purFA)S8. Flnanelal R•vlv Th? group'5 results year are set OLrt Ihe Ststement of Financial Adivitses on 20. The group gen8rabJ a deficat of £147.716 12024.. suwus £218.4781 tr the yeBr. The deficit in 2025 Is linkeLI to the SUr￿U$ 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 fU￿re 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 D￿rateS and prolessional lees relaied b) th9 slart of tha cakNtal pfc4￿1 al Marbwh SpL¥b Gard￿. Poy pollcy for K•y Management P•rw?nel Trustees o)nsider that￿ senw manag8rr*nt 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 rnan*Je￿£nt Fer51￿ne1 aThJ ￿￿ted paty tr8ns8cbons are discb)sed in note 14 of pay of th8 senvjr staff is rewew&J ann￿ty and rKKmalty increased in accordance with averagg 8amings. In view of the nature of ￿ Charity, the trustees tsent*ma￿ 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• OF*n 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, irKI￿lIng 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 reS￿r¢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 act￿n￿ng and appty lh￿ conslstenty. Observe th& meth¢JJs aThJ princiFles Chty SORP.. Make judgemellts and estimates that are re850nabk and ￿￿￿ent." State w￿ther the appl¢a￿e 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￿$3 it B Inap[￿￿￿te to kv8sum& that tha eharrlablè eompany VA C4*1inu• in tyjsinass. The Trustees are re5w)￿tle ts keetmng propw acoxntiw rBcords whth disdose wlih reasonab c#Jracy at any time the finanoal F#)$￿ of the ctiaritab￿ ccfflpany to enal￿e 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 d￿rIta￿ 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 tr￿ad through legal ￿lIty Maontyre H￿tstsn 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 a￿￿￿t￿l 2024r25 firAndat year f(knlrs a lender pror*ss ￿11 b8 propo8￿1 for a rfrapw¥ntm8nt at the forttrKornirg knnual Ger￿￿1 M88b"ry. Approved by order ofthe Board of Twstees .......... ... .. .......... .......... and shJn*J 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 Charits￿e compan￿} and its subsh1iary lthe'group')forthe year ended 31 2(Y25 which cornpri5e Gr(NJp Statement of Financial Acti￿t*S, the GroLV and Parerrt B*rKe Sheet, the Group and Parent Cash Fkw Statemevrt a￿1 ￿te5 10 the fin8rKd slatements, indLKSiThJ 8 3LtrNnary of S￿Jnffi￿n1 8CC￿nting prAiae3. The finanryal reporbng frarneK*k thai h85 been applied in thwr p￿paratIon is aP￿1¢able law and United Kingdom Attouth"ng StaThJards (Unrted Kingdom Gtsn8ra￿ ALrepted Ac￿UntIng Practice), i￿￿jd￿ng Flnandal Reportkng SlaY*lard 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 irK*Jming resoww and resou￿e$, indudiThJ its in(￿me arnl ex￿ndi￿re, lor the year then ended,. have tjaèn prLP8rlyw8pared in ￿nc£w￿h United lfjngdom GeneratyAcC*pt￿ Ar￿Un￿n9 Practi¢g, Financ￿1 RwtirrfJ Standard 102 Th6 Financsa Reportiw Standard apF4icable kn th8 UK and Republ￿ of Irelantr. aThJ have b88n pr8pared in accordance th the wviramnts of the Charibes Act 2011. B￿18 for oplnlon We conducted our audrt in aeLY)ft18nca wth 1ntémat*jn￿ Stand8rds on Alldf(ing IUKI IISA8 (UK)) and applicable law. l)Jr re5rA)n￿bi￿tie5 under th(tse stsThlards 8re knrther descrÉbed in the Audit(n' resrA)nsibilities forfv audrt of the financial statem￿ts secbon oftyjr rnporL We are ￿d&pendent ofthe group and parent cha￿ab￿ company In lh8 eth￿ requirements thal ara re￿v8n1 to our audit of thè finartial staL8ments in Ihe UK I￿￿d￿j the FRCS Ethic￿ Stsnd¥d. and we have fijlfilled our Oth￿ ethK*l resportybakn'es in 8ccxKdance with these ￿qUirements. We believe that the audit evidence we have Obtain￿ is Suff￿￿nt aprryriatè to a basis for o￿nIon. Condusl¢*ns r•latlng to golry concern In aud￿ng the finanC￿[StateMents, we have cly￿Uded lhal￿trUSteeS, ￿ Lrflh8 concem basls of accojnting in Iha W•parati￿ of thè financid statements ￿ appropriate. Bas￿ on the work we have we havo noi *Jenlffied w materkl uncertalntth relatiThJ io events or condlUC￿$ Ihat. ￿nd￿NIUa￿ or cdlactivdy. may Ixst siwifirant doLJbt on th8 group or parerrt charitat4& companys a￿lIty lo continue as a ￿1r0 a peri¢)J ofat lea51 n￿nthS frorn when the financi￿ slatemenls are authortse(I for Issue. Our ￿P)nSibIl[beS and the reSP￿Ibl11bss 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 stateM￿ts and our Report of the Independent Audrtors thereon. The tr[￿teeS are resp¥)r￿l￿e for Ihe rAher information r£¥rrtained wrthin the annu rewt. ffina￿l￿ slatements (hxs not o)ver the olher inhyrnabon aThJ, ex￿pt 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 kn￿￿edge oblain9d in th& audn ￿ cth8Ms8 8pp8ars to b8 m*grialty rnissfated. we identify such material in¢(mthtenths or appar8rrt rrbatwi4 misslatgments. we are required to determin8 whether this gives rise to 8 materi4 rn￿Statement in the finarKial statom8nts thomsdves. If. based on the woth we hav& perfrAmed, we ￿dl#Je that there ￿ a materlal Méssta￿rn*Ni 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 fdkn*ing mattws vknere the Charities IAcctsJnts and Reports) Reguktior* 2C*J8 raqures us to rekxyl to Y￿ rf, in IKTropinw)n: inforrrwkn w in ￿ ROF￿ oflha Tmstè•s 1$ irK>)nsistOrt in wy mthal r06F*rtwiih I the parent tharit￿ ￿mp￿ry has ncrt kqit atsjuate ￿0￿￿￿ting r8p)rts: or thè fina￿181 slat￿ents are not i) *J•èm8nt ￿¢r￿b[￿j r￿)r￿S and relwns: or we have nc4 r￿1¥•d •1 thts InfOr￿￿kn aTrJ eyglanaliorts we requwe lor au(tiL R•sp(*islbllltlos of trust¢ exrAained more futy in th8 Slatement of TnL8tees' Re$r￿￿￿￿ties. 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 SatiS￿8d 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 pa￿nt tharitable cornpantys a￿"lIty to ¢Jxrtinue as a ￿Ing r%Jn￿rn, disdosirKJ. as aw4icat4e. matters rdated to golrrfJ cLY)cem and LL8iThJ the goiro C￿r￿eM basL% of a¢r￿unI]ng ￿leSS the trL￿teeS 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 Chwii*s 2011 and in acC￿rdat￿* wlth lh8 Ad and regllatic￿s 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 M￿StateMe￿ ¥thether due to fraud or error. aThJ to &%U8 4 Re￿t of the 1nde￿n￿8n1Audth 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. m￿stateMents cw artse from fraLwJ or error and ¥e tonsK18red Matsr￿1 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 Irregulan￿5, includiNJ Iwaud. ar¥ I[￿r￿ of 1Km￿0)m[4￿ wilh knw3 8rkY regulatH)ns. We design proceiJur8s in line with cwr res￿￿ts1rt￿. 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. ReV￿W of legal and profes5K)nal fees for ?vKlenrx of legal work undertaken orfineslp8nattie In￿rred. Re￿WIr0 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 O￿art0 cthul8t• the •sUmatsd f8trv81uèofk)ng- tsrm debtors at Ihe yw-and fLY ￿KI￿r￿* of bi*. The accounting was cwed to the finaryy81 reFKJrbrrfJ stsndards where necessary and nfirmed to ￿ appropriate. RevI￿r¥￿ ac¢ountirrfJ e5timat85 for Lmas. Eiscussths amongst th8 8ThJa38rr￿l t83rn n fElati￿ to how aTrJ whgrg fraud ¢C￿r in Ihe financial statsmert8 and any potential ind￿010r$ offraud. r￿SCuSs￿t$ vthh ma)¥Jement ovw any pot￿11￿ c* sUSpect￿j fraud. Performing subststhe tssts of dtrtS￿ over the 9)MF4etenes￿e￿lStenCe ot irK¥yne Tr￿thin the Performing audht w￿k design aThJ Impl￿￿t￿.(ffi of key arojnd the rBcL¥diNJ of in(orne, and eorrobor8tiThJ eviderv to tho1 wl¥th had been r￿T08{1 ￿ the finan(#a stalemenls to ensure that income was ￿rn￿ete. ConsId•ra￿on$ awound Ilkellhood of det￿lIon However, th￿rot0 ￿ inhe￿Trt 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 aUd￿tIr￿j standards. example, the ftjrther rernov8d ￿￿-￿￿lianCe with laws and wulatiorts lirregularit*sl is from the events iransactions refieded In thefinaKklstat6ments. Ih818ss like￿th8 i1*￿enIty limi￿ wO￿lureS 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. Intent￿￿al c*nlsskn)s, m￿repr￿SentatICns, or the overrkye of intemal controls. We are not res￿nsIble for wev•nting n£￿￿F￿h1nea 8nd camot t expected to det£d nl¥￿COrr￿lance with al law5 and r89uhtiiTh. A furlher de3￿ptIOn rf our for the audit of the fvartial StAteM￿ is kncated on Ihe Financ￿1 Rewting C¢JJncll's website at vMw.frc.￿.uk1audlt(NST8s￿KThiIMlrtl8s. This deKription fDrrns part d wr Rewl ofthÈ lThJepend¢nt A￿Jit￿¥. Us• gf our report This ￿ptsrt is [r￿de 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 rni￿t slate to the charitable companvs trLK%tees those m￿terS we 8re required to stste to them in on a￿jitt¥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 res￿nS￿"1ty to anyone i>thÈr than Ihe ch8riWle c(xnrAny the tharilaL4e compAn￿9 trustees as a boxjy, for ￿r aLKJit for this rwL crforthe q)1[N￿￿ we have fcIm￿d. MHA S18tutory Auditr Swansea. United lfjwjom 1711112025 MHA is tha tr8dirvJ namè trfmHAA￿jlIS8rvlces LLP. a liablty ￿rtnerS￿P in ETrg￿nd andWaloB lr891stsr￿l 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 LIn￿tr1thd 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.C*J1.894 576 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 financ￿1 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 eXpendI￿re 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 AsS￿s 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 N￿AsSEr8 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 of1￿8 fimroal 8latemgnts. The charitsble company is enti118d to exempb'on from audit under secti￿ 4TT of the COM￿nE$ Act 2006 for the year eThJgd 31 Marth 2025, although an audrt ha5 b88n carried out under Section 144 (rf thg Charit*s Act 2011. The membeTr h8v8 Th)t de￿ited n(￿Ce. pur¥LWrt to S*ctic￿ 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 Qyn￿nIes. wim8. Thg financial $tat8ments w•r• apFYoved by th& Board of TThBlee5 ￿ .. C￿ its b8half ty. d were s￿ned 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 fi￿j assets 1191.Mi) (63,￿) {191.39J) 163.9601 knterest T￿e1¥￿￿ 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 fina￿131 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, wiste￿d in Engl8nd irt th8 TNst885' R8pxL ACCOUNTING POLKIES The financial statements of the c*arit8t4e c¢w, whith ts a putlic ￿ entrty under FRS 1Q2, have been prEpared in I￿1h Charilie5 SORP IFRS 1021'ALrounting and Re￿rting by chari￿88.. Ststernent of Recomm￿￿￿ Pr&*(e aptAKatle to d)ar1ti6S PTeparfng thtslr accounts In aca)r￿￿Ce wilh 1he FinarKid ReporbThJ Standard appkatle in Ihe UK and Republic of Ir81and IFRS 1021 leffethe 1 Jan￿ry 20191,, FirwnrA* RekKYbng Stsndard 102 The FInanG￿ ReiKKing sts￿a applicabla in Lhe UK and RewtAic of Irelan(r and the Crffipanies Ad 20(￿. The finanryal statements chsritabk8 0)rnpanl8 [unCi￿nal and pr8S8n1alb￿￿ cJJrr8ncy is the pjund stsrfiw 1£) and ¢8s a￿ rourbknl to rEarE5t£1. A &gnthcant L* the ith*ity'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 cha￿ty has rep)rted a defi￿t In unrestrkt8d fiJThJs. but do8s havg unrestri¢lod ￿erveS of£179.341 at the bakn￿ s￿1 date. The Tw$tees have a reasorotle exp￿tatic￿ that 5uffKaent income tr￿ther wfth grants wll continue lo b8 ￿e1Ved to rm8t ¥ls 8xp8rtses and fijtrjre rarmtal (x)mMitrn￿ts and th8r&fore Ihe tharity has adequate reS￿r￿S to continu8 in op8r8tunal u5t8nce for the foreseeat18 future. Accordingty. t Trw8tses c¢)Thtinue kn) wjopt l￿ce￿ basis in finan04 51atemwts. Ba•1$ of ¢oMolldaiion The finan￿￿ statements g)n50*th the re5uM5 of the charity aThJ OwTr￿j 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 Ir￿me 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 stat￿nent d FinarK*al klknbes t*hen the th8rftatrle company Ls ￿9dlY ￿n￿￿ed to tho ittc(¥￿ and the arT￿t can b8 quantir￿d ￿1h r8a50naile acojracy. Where grdnts are sui¥"8Ct lo perforrnanr* rdated cThX1￿"￿$. theywe rewniseL1 in the stat8ft￿ftt of Finanual Activth"es ba￿1 Upc￿ when the F￿r￿ar￿ rdat&J o)Thlthns have mel, in line wilh th& Statement of Re¢(xnft*nded Prxbce.. AC￿jr￿Irvj arvj Reporting by Chawiti85. DLy)ati0r￿ are rewgnised eitl en re￿Ved unless itsrty has bÈw in wrtDrvJ of Lx)th the amount and date ofexpe¢ted pay￿￿t. Inco￿ from tr￿1r￿j xlivrb85 r80)3nwd the delivery of and th8 provi8h)n of $eMces. Interest ￿ lund5 dopD%t 15 In￿l￿ receivab￿ Ih? rnnl can be m8asLr*J re￿8￿ by the r*arfty. Donated seM¢e5 awNJ knTrbE5 a￿ wi5ed a5 wKorrE and exFtTrJI￿re when the benefit to the charity can b8 re&8onatAy quantikd or m8a8ur8d 1$ 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 c￿nrnrt11ng the charty to that eYpendth1￿. ft is kythable Ihat $elleM￿ be required, and the 8￿nt of the cèligation cart te measured re&atty. All eXp￿dit￿re xcojnted ky ￿ the xtyuals èasi*. Al expenses I￿4ud￿ sJrp)rt c4)sts ar• albxgled lo the 8F$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 al￿￿ed behveen expendlture IncAJrred directly in th8 effort to raise funds. expenditw¢ in(wod th'r• in thefu￿￿*nt ofthe charity's obj8thvas, and exppnditurB I￿UrT￿l in lh8 ￿nag￿t￿l&1mln1Str*W%loftt￿dMnfyI￿m0r¥￿c0sts#ndotheI oK￿ndI￿re). Exp•ndltw• on rnl¥lng fuThd Costs d genwatiffj lurnls a￿ Ihe L¥)sts iroJrrvd in atMiThJ ir￿orne 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 9*der￿r￿J. SF#Nts aL*Mli8s tn gra8n sparx. hobJiThJ 8vents and P•n55on costs The thartty 0￿rates 8 de￿n￿ >*ema. Tf* p￿$b)n Lxtst charge represents c¢￿￿"1￿￿10ns payai4e by the thaffji bj Ihe ffiJTrJ, in *•th of Ihe s¢heme. Mlcant Judgemonts and esllrnats8 In the appfirats.on of ¢hairtl$ pc4￿, the t￿lS1888 are wuired to make judge￿nts, estimates and assumptions atrKJut Ihe Ca￿ng arTK)unts of assets and liabiltbe5 ihat ￿ ry)t readily apparent rrom other s£￿(C8s. Th8 esbrnates and asswatsd as$umpts"ons aro basod on histori¢al experience and othwfathswli¢h arp son5NJered to be rdev8nL Actual YeS￿ts may dTrYerlrom th&88 estirnates. Th8 estirnatesand Unde￿ng assumtth are D￿￿￿lTrg bas￿. ReM￿onSI0 accountin estimates arn recognised in the peri¢>J in whith the eslpngte is revised if tF* ￿¥s1On onty effeds that Thg fthl(Mryrfj are Ihe vib"¢al jLM*ernonts that th8 tru5188s hav8 m*Ja in the wctess of aPp￿ng the tho flnwKial statemènts. irrnent of assets ssets a￿ asstsssed kn indtstor5 d Impai￿ent at eè* bel￿9 sheet dat& W IheTr 1$ (tier*ve evhlence of impaimienL an IM￿1r￿ent l¢)ss 15 recoJw5ed in the S13tement of Finar￿181 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 wc*at4e adverse OLrtc¥yne. OthBrwse. material C￿tingerrt l(abllWes a￿ dis¢ktsed unks5 a trdrtholecorKffiic be￿rrtS t& r8nN*. cOnts"n￿￿taSsels are 0￿Y diSdr￿ad rf an infv* ￿ecOnOM￿ Lwxfft5 15 pYct@L48. The annual dev￿ation C*8rgetsts￿ibIOfix0d ass4tSi%$8n5T￿t0 ch8ng85 in ih? 85trnat•a ￿58￿j1 econornic INes Lrf the assets. The useftl ec¥MKMlliC Ir¥es reasse55ed anwvJally aThJ a￿￿e￿Ied when rwssary to ref￿1 8strnat8s of e0)r￿MiC U￿saI￿)n phy&ic*l c¥Jndilion of th8 Flnanclal Inslruments Bask fir￿￿al assets. trade c4fftwd8btors and o5h and bank bakrn%s, ar8 kn￿alY measwwj 8t transaction price unless the 8rrar¥J8ment o)nstittJtes 8 finawng transacb"(m. where the transacbon 1$ measured at the present value of tha fut1￿ rec8ipts dis￿nted 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 a￿j knns. are init*lty Tecognise¢l at tranwtion Fthe the anaTrJerneni ccrt5titutes a tr*)sacllon, where the debt nstTumsnt L% M*aSu￿j at kyosonl of thfr frmjre paymwts dl5oxn￿￿ at a m*kot rat• of interesL T•ry*Jl• fix•d •s••ts TangitAe fixed assets stat*1 at cc*t lBSsthwThb￿. IndTri(*Jal fved •ssels L))slr*J£6(KJ ￿ rmre are c4Ytali5ed at COsL DepT￿18t￿?n is at ratss c*bxl*•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 dep￿Ch2ted. Lease￿￿1 improvements Offlr* equlpment Park fixtur85 and fftb'ws G&￿e￿I￿j equipment Corn￿r equip￿t . 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. Pe￿10n ¢￿ts Th8 charity operates a defined c{thi￿tion p8Twn sehwne on t*haYof 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 ￿ 1Th￿enty adrninistered lund. Granl irKyxrE deleTh￿ to [￿Ure kEriLK15 the g￿t 1$ ￿l￿Al0 pwk)rn)￿ r8labJ cOrvj￿oon5 beir9 The grant d8feTh8d and nc4 recL¥rri5ed urrfm the are fvty met Inv•stm•nts Fued asset irwe51m8nls are vaW atfairT4abJe. Fund aC￿u[￿l￿g Unr8Strict•J l￿dS Can ￿ used in xtC¢d￿C•Wlkn chwt*49 c￿￿¢5 atlhg di8crotion ol i Reslricknj can ontybe used forp8rbrJJlarre51riLled WryK)seswithin thiects ofthe charila￿e 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 ￿n￿m• 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 P￿Ced C￿ these contributK*ns is £67.03712024.. £28.1291. The income 8quival8nts ar* rgcognk%wJ wthin IlL￿alK￿lS 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 ¢t￿tr&￿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 tr￿ling irKryne tFYough(NJt th8 year. Al trading irKyTh i% ￿n￿triC￿j. Page 27 BANKSIDE OPEN SPACES TrUST (REGISTERED NUMBER: 04040674) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTrAcnJAL REP￿AL 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 Inte￿t •icc•ne INCOPAE I (EXPENDITURE) 2025 2024 Net Inco￿ I(8X￿nditurel 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 Di￿t charitatAe 08fv￿Y 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 c￿MunIcation ￿$ts Sessiw81 Staff costs I￿SCOVer8b18 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 STATEME1￿8 FOR THE YEAR ENDED 31 IIARCH 2025 COMPARATIVE EXPEMDITURE ON CTriARftABLE ACTMnES 2024 Direct tharit8bltr defv Stsff costs other opera￿Onal ￿19 Depreciation Legal & profeS￿onal 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 pen￿n 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 t*nefits than £60.OthJ is as k41￿.. 2025 2024 £70.(K11- £80,(LIo £80.001 - £9).(￿0 The 8veffd￿ mcfilhty number of ernpk)yees I￿￿tirre eqwakntl dwir¥J the was as folk)ws'. 2025 2024 18 I& VOLuiifEERS Th• valué of Y￿Un￿￿￿' Iwne giv￿ year is r*)t re*Jty qL*ntifiable and. in line with the requirements of the SORP. has ￿t bè8n r*xyJni$8d wlthin the 8rmJnts. Page 31 BANKSIDE OPEN SPACES TRUST (REGISTERED NUMBER.. 040406741 NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1& RELATED PARTY TRANSACTIONS, TRUSTEES REMUNERATION AND EXPENSES AND KEY MANAGEMENT PERSONNEL REMUNERATK)N AND &XPENSES. No trusle88 r8mun8ration in the year {2024'. nll. No In￿189$ W8re T￿m￿r5ed any ex￿nSeS{2024." nill. The key management per$c¥)￿l olthe Charrty a￿the Ch￿lEX8￿￿tiy9 Olfic¢r. the He&J of cl)ernb"c￿s ond ￿VIng Sp8(x, lh8 He8d of Parks and C1￿MU￿ and the Head of Spwt and Developmgnl. Th8 total emkloyee benefrts of the key management per$L￿n81 of the Charlty were £225,445 12024.. £220.98n. K8r8n Atknnson. trust88. empkny8d as a directry al the Cty Bridge Foundation until S8t*8rnb8r 2024. A balance of £255.61812024". £321,930) was oW￿j by City Brijge Foundation at the year end. DurlrwJ the year. g￿ts of nl12024.. £379,720) We￿ awarded frorn City Bridge Foundation. 15. TANGIBLE FiXED ASSEfs- GROUP AND CFiARrrY Furnitw•, Par* Fhdr4g8 & Lthu•1￿1d 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 ch￿ty hokls f share of£1 each in its owned tradir¥J $utr*idiary (xjrnpany 8ank%de Open Space5 Trading Ltd incorporat8d in th8 United lQThJdom. These afft the only shares alk)Ited, called up and ftjly paKI. The and resuls of this cwyany are s￿￿M#￿Se￿ ￿ltr•r. 2025 2024 SUMMARY PROFrr AND LO8SAccouKr Turnover Cost of sales and a¢Jrninislrath)n ec6ts servi￿ r*arge payable lo Ihe chaTFty 57,795 163.3141 1576 Mat profftlllossl 576 5.519 The assets and IlabAtl•8 ofth• subsldlary ww•: Current assets CUrr￿tt liabilbti.es 31,444 36,963 6.095 Total net ￿$•181￿11ats1￿11•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 ch￿Fty 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 sTATEmEP￿s 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 Defer￿d 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 defe￿ad 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 r￿d assels Ngt 8s88ts 62,922 16.419 t37.610 9)8.872 3(K).$32 625.291 I￿.0[KI 79.341 100.OIXI 746,482 925,823 Tangiblè fix8d ass813 Investrnents Not ass8ts 237.610 3CKI.532 22.513 1(￿.0[(1 508.872 631.3B5 746.482 931,918 ANALYSIS OF N￿ASSErS BEtWEEhl FUNDS- pre¥lous year GROUP Tolal Tangiblè ¥ss•ts Net assets 66.721 218.569 50,422 637.827 117.143 956,398 100 1)00 688 249 1073 539 CHARtrY Unr•61rk￿ I)•61gnat•d R•6tr1ct•d Tangib￿ fLxed assèts Investments Net assets 66.721 50.422 117,143 219.341 I￿.((￿1 642.823 962.164 286.1)63 100.000 693245 1.079,308 Page 35 BANKSIDE OPEN SPACES TRUST OIEGISTERED NUIBER: 04040674) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2025 IAOVEMENT IN FUNDS- CURREKf YEAR At 1Mfa4 Expend1￿[9 Transfer 3113125 unrestrict￿ fund• 285.290 824.345 I1,￿.294) 79.341 Deslgnated lund• 1Crf).iKKI 100,(XKJ R•¥tri¢tsd fttndg Cap6talAss8t Proj8rt Funds 50.422 637.827 191.￿) 305,124 14.2021 1434,0791 237,610 J8,872 TOTAL FUNDS 1.071539 1.320.859 11868.5751 925.823 MOVEMENTS IN FUNDS- COMPARATIVE 31rJ124 Unr•strfetsd fu >)9.889 809.840 (834.4391 D•glgnated thJnd$ 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 D￿￿pIlO￿. 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 ev￿ts, 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 a￿185 to ￿1th and waltéing of tho communlty we serye. Events Funding r8ceived try￿d$ (xganisro ￿rn￿nty evenls and eFW8 bx81 mmunities. Tran5tormlng open spaces Funding that helps the charity to both prOt￿t and irnprove the ktal gr￿ spxg netsvork in Banks￿8 and surrou￿1￿)g areas. CapW ass•ts This indthyes.. S(￿lh￿ CoL5ncal rdth.rvd to fundirq r8(%ivgd t{F•A￿S 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. re￿tr"r￿J 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 balar￿e 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•stsY￿rt aetiMt*s Dec￿aSe111nc￿seI 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 COMM￿ME11Ts A8 at 31 Marth 2025. there were ￿ c4Jlal ccMnmlJneNs12024: £nill. Page 38