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2023-03-31-accounts

Charity registration number 1088106

Company registration number 03989550 (England and Wales)

ULVERSTON FORD PARK COMMUNITY GROUP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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ULVERSTON FORD PARK COMMUNITY GROUP

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Shaun Atkinson Mr Bob Brown Ms Rosemarie Campbell Ms Marilyn Hale Mr Jamie Shaw Ms Shirley-Anne Wilson Ms Charlotte Fuke (Appointed 22 March 2023) Mr Neil Fleming (Appointed 22 June 2023) Charity number 1088106 Company number 03989550 Registered office Ford Park Community Group Ford Park Ulverston Cumbria LA12 7JP Independent examiner JL Winder & Co Suite 6 Furness Gate Peter Green Way Barrow in Furness Cumbria LA14 2PE Bankers Unity Trust Bank PLC Four Brindleyplace Birmingham B1 2JB

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ULVERSTON FORD PARK COMMUNITY GROUP

CONTENTS

Page
Trustees’ report 1-4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notestothefinancialstatements 8-18

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ULVERSTON FORD PARK COMMUNITY GROUP

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Se

The trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trustees's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activitles The principal activities of the Charity are:-

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Ulverston Ford Park Community Group exists to manage and maintain the green space of Ford Park and aims to enhance the quality of life for the people of Ulverston and surrounding area, by providing recreational facilities and a wide range of community based projects, activities and events.

Achlevements and performance

Registered charity Ford Park Community Group manages 8 acres of beautiful, historic parkland at the heart of Ulverston as a community amenity. In our large Victorian walled area we provide popular playing fields that are used for many local events, a natural playground area, trails, interpretation, a kitchen garden, a plant nursery and a volunteer centre.

The charity employs one full time member of staff and four part-time staff members (in total 3 full time equivalents). Ford Park is operated as a private company limited by guarantee. it is also a registered Charity and governed by a Board of Trustees.

The Park's Chief Executive is supported by the trustees and is ultimately rasponsible for the management of the Park, its staff and volunteers.

The charity own the building registered as 'The Coach House’. The ground floor of this building is a former cafe which is now home to a tenant restauranteur, Elite Dining Cumbria, trading as 'Base Restaurant’. The upstairs is a community room known as The Williams Room which is maintained and hired out to users by and for the benefit of the Ford Park Community Group.

The 2022/23 financial year was difficult for the charity with funds becoming scarce. A slate of events and changes have managed to address this issue in the short term and the charity now looks to continue this trend through other changes to secure its financial future.

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ULVERSTON FORD PARK COMMUNITY GROUP TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 a

Financial review During the year the charity received income of £234,156 (2022 - £178,197) this is split between £191,873 (2022 - £122,946) from donations, £11,303 (2022 - £15,583) from charitable activities, £6,952 (2022 - £15,941) from trading income, £23,223 (2022 - £23,718) from investment and other income of £805 (2022 - £9).

Resources expended on charitable activities amounted to £183,566 (2022 - £135,844) and £2,889 (2022 - £180) on raising funds.

The resulting surplus for the year was £47,701 (2022 - £42,173). This was split between a deficit on unrestricted funds of £(54,328) (2022 surplus - £9,801) and a surplus on restricted funds of £102,029(2022 - £32,372).

The balance on restricted funds of £322,675 relates to a grant of £185,380 with Futurebuilders England and is held in fixed assets, £102,825 relating to a grant for a new playground and £916 for two fixed assets being depreciated in fine with policy. The balance relates to grants not spent at the year end.

The balance on unrestricted funds at the year end is £477,787. There are no free reserves at the year end, all are tied up within fixed assets. The charity is looking to improve this position in the 2023/24 year.

The trustees and management board greatly appreciate the assistance, both financial and otherwise, given by the funders during the period. Donations in kind are not incorporated into the accounts as they are not valued in monetary terms.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. The charity look to improve the position and return to this level of reserves in 2023/24.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Safeguarding

Ulverston Ford Park Community Group (FPCG) is fully committed to its responsibility to safeguard and protect the interests of all children, young people and vulnerable adults it works with. We are committed to operate In a way which protects them.

Ford Park Community Group has a comprehensive safeguarding policy that is reviewed annually. The policy applies to all staff, volunteers and anyone working on behalf of FPCG and aims to provide a framework to ensure the Organisation's procedures and working practices are consistent with its values and beliefs. The purpose of the policy is to:-

The policy was last reviewed by the CO and trustees on 27th November 2018.

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ULVERSTON FORD PARK COMMUNITY GROUP TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 a

Plans for future periods Under direction of a new CEO and with the Covid-19 pandemic behind us, the charity now expects to broaden our offering in terms of community events and activities. These events are now being organised for 2023/24 and we expect this to bolster our financial position for the next financial year.

Much more remains to be done to develop long-term support for the Park to secure its future, increasing our membership and corporate membership and sponsorship will be key to this.

Our Funding and Bids Officer is employed on a part time contract to apply for grants on the charity’s behalf in order to win bids for both restricted and unrestricted funding. This has already began to prove fruitful in the successful awarding of several small as well as the inclusion in ongoing fund raising programs including The Big Give and the Co-Op community fund.

We are currently developing our medium term strategy and a robust business plan to take the charity forward into the next several years with an aim to make the charity and the park financially self-sufficient.

Structure, governance and management

The charity is a company limited by guarantee and established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under the Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr Shaun Atkinson

Mr Bob Brown Ms Rosemarie Campbell Ms Marilyn Hale Mr Garry Ronson (Resigned 31 October 2022) Mr Jamie Shaw Mr Derek Willison-Parry (Deceased 14 June 2023) Ms Shirley-Anne Wilson Ms Charlotte Fuke (Appointed 22 March 2023) Mr Neil Fleming (Appointed 22 June 2023)

Trustees are elected at the Annual General Meeting. The two longest serving trustees retire at each AGM and can be re-elected by vote. Trustee vacancies are advertised locally. To broaden the scope and experience of the Board, a trustee may make a direct approach to potential candidates to target specific skills and knowledge required to balance the Board. All nominations for trustees must be approved by the Board prior to the AGM. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 In the event of a winding up.

The Board of Trustees act as the Management committee and meets monthly as a group to discuss key management issues including legal, financial and development and to monitor the progress and activities of the Chief Executive. Trustees are also allocated to a number of specialist sub committees.

The Trustees delegate the day-to-day running of the Charity to the Chief Executive Officer/Park Director, Sam Ronson.

New Board Members are given an induction pack containing a copy of the governing document, a description of their role as a trustee and copies of recent minutes and reports. As part of the induction process new trustees are invited to meet the employees of the organisation and spend time with the Chief Executive and Chairperson. Trustees are encouraged to develop their own skills whilst volunteering in their Board role. Training opportunities are brought to the attention of Trustees at meetings and relevant course costs are met by the group. An audit of the Board members’ skills and knowledge is carried out annually to identify the training needs of the organisation.

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ULVERSTON FORD PARK COMMUNITY GROUP

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

The trustees' report was approved by the Board of Trustees.

Ms Shirley-Anne Wilson Trustee

12 December 2023

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ULVERSTON FORD PARK COMMUNITY GROUP

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ULVERSTON FORD PARK COMMUNITY GROUP wg a

| report to the trustees on my examination of the financial statements of Ulverston Ford Park Community Group (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

DTLUOie clos na ( ‘2

JL Winder & Co

Suite 6 Furness Gate Peter Green Way Barrow in Furness Cumbria LA14 2PE

Dated: 14 December 2023

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ULVERSTON FORD PARK COMMUNITY GROUP

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

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Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes £ £ £ £ £ £
Income and
endowments
from:
Donations and
legacies
Charitable activities		 3
4		 54,766
1,251		 137,107
40,052		 191,873
11,303		 88,186
2,294		 34,760
13,289		 122,946
15,583
Othertrading
activities
Investments		 5
6		 6,952
23,223		 -
-		 6,952
23,223		 9,679
23,718		 6,262
-		 15,941
23,718
Otherincome 7 805 - 805 9 - 9
Total Income 86,997 147,159 234,156 123,886 54,311 178,197
Expenditure
on.
Raising funds		 8 2,889 - 2,889 180 - 180
Charitable activities 9 138,436 45,130 183,566 113,905 21,939 135,844
Total expenditure 141,325 45,130 486,455 114,085 21,939 136,024
Net (expenditure}/income
forthe year/
Netmovement Infunds		 (54,328) 102,029 47,701 9,801 32,372 42,173
Fundbalances at 1 April
2022		 532,115 220,646 752,761 522,314 188,274 710,588
Fund balances at 31
March2023		 477,787 322,675 800,462 532,115 220,646 752,761

The statement of financial activities includes all gains and losses recognised In the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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ULVERSTON FORD PARK COMMUNITY GROUP

BALANCE SHEET AS AT 31 MARCH 2023

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2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 13 783,336 682,856
Current assets
Debtors
Cash at bank and in hand		 14 10,834
16,592		 56,708
64,388
27,423 121,096
Creditors: amounts falling due within
oneyear		 15 (10,297) (51,191)
Net current assets 17,126 69,905
Total assets less current liabilities 800,462 752,761
Income funds
Restricted funds 17 322,675 220,646
Unrestricted funds 477,787 532,115
800,462 752,761

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the smal! companies regime.

The financial statements were approved by the Trustees on 12 December 2023

Cw herder Wi Ms Shirley-Anne Wilson Trustee

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Company registration number 03989550

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ULVERSTON FORD PARK COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 EE

Charity information

Ulverston Ford Park Community Group is a private company limited by guarantee incorporated in England and Wales. The registered office is Ford Park Community Group, Ford Park, Ulverston, Cumbria, LA12 7JP.

4.4 Accounting convention The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland” ("FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policles adopted are set out below.

1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of thelr charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out In the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount Is not known, the legacy Is treated as a contingent asset.

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ULVERSTON FORD PARK COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

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(Continued)

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any Impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Playground equipment 10% straight line Fixtures and fittings 25% reducing balance Computers 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financlal instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments' and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the Instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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ULVERSTON FORD PARK COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, Including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired In the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities If payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised Initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

4.10 Employee benefits

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and Judgements in the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabillties that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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ULVERSTON FORD PARK COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

FOR THE YEAR ENDEDENDED 31 MARCH 20232023 FOR THE YEAR ENDEDENDED 31 MARCH 20232023 FOR THE YEAR ENDEDENDED 31 MARCH 20232023 FOR THE YEAR ENDEDENDED 31 MARCH 20232023 FOR THE YEAR ENDEDENDED 31 MARCH 20232023 FOR THE YEAR ENDEDENDED 31 MARCH 20232023 FOR THE YEAR ENDEDENDED 31 MARCH 20232023
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Donations and legacies
Unrestricted Restricted Total Unrestricted Restricted Tota!
funds funds funds funds
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Donations and gifts
Grants receivable		 54,566
200		 -
137,107		 54,566
137,307		 42,085
46,101		 -
34,760		 42,085
80,861
54,766 137,107 191,873 88,186 34,760 122,946
Donations and gifts
Orcina Limited		 40,000 - 40,000 37,000 - 37,000
NFU 6,379 - 6,379 - - -
Other 8,187 - 8,187 5,085 - 5,085
54,566 - 54,566 42,085 - 42,085
Grants recelvable for
core activities
SLDCCovidgrants - - - 32,337 - 32,337
Ulverston Town Council - 5,500 5,500 6,600 - 6,600
SLDC LIPS - - - - 9,420 9,420
CGP re Playground - - - - 9,250 9,250
FCC re Playground
Frieda ScottFoundation		 -
-		 100,000
9,426		 100,000
9,426		 -
-		 ‘
-		 -
-
Cumbria County Council
Other		 -
200		 5,525
16,656		 5,525
16,856		 -
7,164		 -
16,090		 -
23,254
200 137,107 137,307 46,101 34,760 80,861

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ULVERSTON FORD PARK COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

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4
Charitable activities		 4
Charitable activities		 4
Charitable activities
Charitable Charitable
Income Income
2023 2022
£. £
Nursery sales
Services provided undercontract		 1,251
10,052		 2,294
13,289
11,303 45,583
Analysis by fund
Unrestricted funds		 1,251 2,294
Restricted funds 10,052 13,289
11,303 15,583

§ Other trading activities

Unrestricted Unrestricted Restricted Total
funds funds funds
2023 2022 2022 2022
£ £ £ £
Membership subscriptions
Fundraisingevents		 4,500
2,452		 4,506
5,173		 -
6,262		 4,506
41,435
Othertrading activities 6,952 9,679 6,262 15,941
Investments
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Rental income 23,051 23,699
Interest receivable 172 19
23,223 23,718

6 Investments

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ULVERSTON FORD PARK COMMUNITY GROUP

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

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7 Other income

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Other income 805 9
8 Raising funds
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraisi { publici
Staging fundraising events 2,889 180
2,889 180

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ULVERSTON FORD PARK COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

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9 Charitable activities

Total Total
2023 2022
E £
Staffcosts 98,234 70,522
Depreciation and impairment
Maintenance andwaste disposal		 15,554
35,616		 4,437
23,512
Water rates 5,035 356
Insurance 3,088 6,934
Heatand light
Telephone
Office stationery
Training and subscriptions
Plant nursery purchases
Professional and consultancy fees		 6,981
1,432
1,283
869
887
-		 7,475
4,097
872
2,390
1,338
8,160
Advertising
Accountancyfees
Lease costs		 641
5,279
-		 120
1,023
1,461
Othercharitable expenditure 8,669 6,147
183,566 135,844
183,566 135,844
Analysis by fund
Unrestricted funds		 138,436 113,905
Restricted funds 45,130
Te
183,566		 21,939
TO
135,844

10 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was: 2023 2022 Number Number Charitable activities 8 5

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ULVERSTON FORD PARK COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2023MARCH 20232023 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2023MARCH 20232023 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2023MARCH 20232023 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2023MARCH 20232023
EE
11. Employees (Continued)
Employmentcosts 2023
£		 2022
£
Wagesand salaries
Otherpension costs		 96,590
1,644		 69,365
1,157
98,234 70,522

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Tangible fixed assets Freehold land Playground Fixtures and Computers Total
and bulldings equipment fittings
£ £ £ £ £
Cost
At 1 April2022
Additions		 670,092
-		 ~
114,545		 135,926
1,489		 11,296
-		 817,314
116,034
At 31 March 2023 670,092 114,545 137,415 11,296 933,348
Depreciation and Impairment
At 1 April 2022
Depreciationcharged in the year		 -
-		 11,455
-		 124,557
3,038		 9,901
1,061		 145,913
4,099
At 31 March 2023 - 11,455 127,595 10,962 150,012
Carrying amount
At 31 March 2023		 670,092 403,090 9,820 334 783,336
At31 March 2022 670,092 - 11,369 1,395 682,856
14 Debtors 2023 2022
Amounts falllng duewithinoneyear: £ £
Tradedebtors 9,385 9,818
Other debtors 1,446 2,596
Prepayments and accrued income - 44,294
10,831 56,708

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ULVERSTON FORD PARK COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

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15 Creditors: amounts falling due within one year
2023 2022
£ £
Othertaxation and social security 1,432 1,463
Trade creditors 5,556 2,703
Accruals and deferred income 3,309 47,025
10,297 51,191

16 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £1,644 (2022 - £1 ,157).

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ULVERSTON FORD PARK COMMUNITY GROUP

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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17 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement In funds Movement In funds Movement In funds Movement In funds
Balance at
1 April 2021		 Incoming
resources		 Resources
expended		 Balance at
1 April 2022		 Incoming
resources		 Resources
expended 31		 Balance at
March 2623
£ £ £ £ £ £ £
Futurebuilder
s England
(Building
grant)		 185,380 - - 185,380 - - 185,380
Fresh Ideas 1,800 - (1,270) 530 - (133) 397
Sellafield 1,094 - (402) 692 - (173) 519
Ulverston
Town Lands		 - 4,000 - 4,000 4,000 (8,000) -
Grantscape - 2,226 - 2,226 - (2,226) -
SLDC LIPS - 9,420 - 9,420 - - 9,420
Co-op - 3,148 - 3,148 - (3,148) -
World Market - 1,000 - 1,000 - - 4,000
Playground
(FCC, CGP
and
Persimmon)		 - 14,250 - 14,250 100,000 (11,425) 102,825
Lake District
Foundation
HAFfunding		 -
-		 -
43,289		 -
(13,289)		 -
-		 2,500
10,052		 (2,500)
(7,257)		 -
2,795
Cumbria
Commerce re
Kick Start - 716 (716) - 3,703 (3,703) -
The Big Give - 6,262 (6,262) - 3,679 - 3,679
BAE - - - - 4,000 (1,000) -
Cumbria
County
Council		 - - - - §,325 (721) 4,604
Frieda Scott
Foundation
Rathbone		 -
-		 -
-		 -
-		 -
-		 9,426
3,000		 -
(3,000)		 9,426
-
Cumbria
Community
Foundation
SLDC		 -
-		 -
-		 -
-		 -
-		 4,200
1,774		 (1,200)
(644)		 -
4,130
Ulverston
Town Council		 - - - - 1,500 - 4,500
188,274 54,311 (21,939) 220,646 147,159 (45,130) 322,675

Oe

-17-

ULVERSTON FORD PARK COMMUNITY GROUP

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2023 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2023 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2023 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2023 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2023 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2023 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2023 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2023
ae
18 Analysis ofnetassets between funds
Unrestricted		 Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Fund balances at 31
March 2023 are
represented by:
Tangibleassets
Current assets/(liabilities)		 494,215
(16,428)		 289,121
33,554		 783,336
17,126		 496,254
35,861		 186,602
34,044		 682,856
69,905
477,787 322,675 800,462 532,115 220,646 752,761

19 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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a ~18-