Charity registyation number 1088106 Company reglstratlon number 03989650 {England and Wales) ULVERSTON FORD PARK COMMUNITY GROUP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ULVERSTON FORD PARK COMMUNITY GROUP LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Shaun Atkinson Mr Bob Brown Ms Rosemarie Campbell Ms Shirloy-Anne Wilson M¥ Neil Fleming Ms Emma Alhe¥smilh (Appointed 22 June 20231 (Appointed 5 July 2024} Charlty number 1088106 Company number 03989550 Reglstered office Ford Park Community Group Ford Park Ulverslon Cumbria LA12 7JP Independent examiner JLWinder & Co Sui18 6 Furness Gale Peter Green Wsy Barrow in Furness Cumbria LA14 2PE Bankers Unity Trust Bank PLC Four Brindleyplace Birmingham B12JB
ULVERSTON FORD PARK COMMUNITY GROUP CONTENTS Page Trustees, report Independent examiner's report statement of financial aGlivilies Balance sheet Notes lo the financial stslemenls 8-18
ULVERSTON FORD PARK COMMUNITY GROUP TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and firnCial statements for the year ended 31 March 2024. The financial slalemenls have been prepared in accordan with the accounting policies sel out in note 1 to the financial slalemenls and comply with the IrusleEt5'5 governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommendèd Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standafd applicable in the UK and Republic of Ireland IFRS 1021. leffeclive 1 January 2019). Ohlectlves and activities The principal activities ol the Charity are'.- To promote the benèfits of the inhabitants of Ulverslon and the Neighbourhood thereof Ihereinafter called 'Ihe area ol benefit'l wilhoul dislin¢lion of sex. sexual orienlalion, race or of political. religious or other opinions, by providing facilities in the interests of social welfare for recreation and other leisurg-lime occupation with the object ol improving the conditions of life lor the said inhabitants. To preserve for the benetil of the people of Ulverslon and of the Nation, the historical. architectural and conslruclional heritage that may exist within the boundaries of Ford Park, Ulverslon, in buildings lincluding any structure OT erection, and any part of a building as so definecll of particular beauty or historical. archile¢lural or conslruclional interest. D To establish and s&cure access lo Ford Park and Gardens as a commuE7ily and public amenity and lo maintain and manage the same. whether alone or in ¢o-operalion with any local authoiily 01 other person or body in furtherance of these object5. Public benefit The trustees h8ve paid due regard lo guidance issued by the Charity Commission in deciding what activities the haiily Should undertake. Activiligs Ulveislon Ford Park Community Group exigls to manage and maintain the green Spa of Ford Park and aims 10 ènhance the quality of life for the people of Ulverston and surrounding area, by providing recreational facilities and a wide range of community based projects, acb'vities and events. Achievemenls and performance Signrficanl aclivilies and achi8vamenls against obieclwes Registered charity Ford Park Community Group manages 8 ac¥es of beatIful, historic parkland al the heart ol Ulverston as a community amenity. In our large Vi¢torian walled area we provide popular playing fields that are used for many local events, a natural playground aiea, trails, interpreiation. a kitchen garden, a an1 nursery 8nd 8 volunteer ntre. The Charity employs one fijll time member of staff and two parl-lime staff members lin lots1 3.5 lull tsme equivalenls}. Ford Park is opeTaled as a private company limited by guarantee. il is also a registered Chalily and governed by a Board of Trustees. The Park's Chief Executive is supported by the trustees and is ultimately responsible for the management of the Park, its staff and volunteers.
ULVERSTON FORD PARK COMMUNITY GROUP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The charity own the building registered as 'Th& Coath House,. The ground ftoc>r ol this building is a former café which is now home lo a lenanl restauranteur, Elilè Dining Cumbria, trading as '8ase Restsuranl,. The upstairs is a commLtnity room known as The Wlliams Room which is mainlainecl and hired out lo users by and for the benefit of the Ford Park Community Group. The 2023124 financial year presented some challenges for the charity and required investment in some areas to make financial or physical improvements for the organisalion and the assets il runs which will provide positive impaGI in fulure years. The charity has a number of events planned for the year ahead which will generate r8venue for OngTrg aGlivilies for the charity, These include family events su¢h as Christmas and Easter events as well as educational activities in partnership with local schools. There are events fwused on mature audiences plannèd such as an outdoor cinema and music events as well as small concerts and events in our Williams Room, all of which generate unrestricted funding. Financial revlew During the year the charity received incorne ol £185,209 12023 - £234,156) this is split between £131,27912023 £191,873) from donations, £2.114 {2023 - £11,303) from charitable aclivilies, £20,40012023 - £6.9521 from trading income, £28,25612Q23- £23.2231 from investment and other income of £3160 (2023 - £8051. Resources expende(l on charitsble activities amounted to £180,901 12023 £183,566) and £6,28212023 - £2,889 on raising funds. The resulting delicil for the year was £1974 12023 surplus of £47,701>. This was split between a defiGit on unrestricted funds of £130S6112023 £54,328} ancl a surplus on r8Stficled funds of £1,09212023- £102.C1291. The balance on restricted funds of £323,767 relates lo a grant of £185,380 with Fulurebuilders England and is l)eld in fixed assets, £91,40CI relating lo a grant for a new playground and £20.304 for live fixed assets being depreciated in line with policy. The balance relates lo grants not spent al the year end. The balance on unreslricled funds al the year end is £474,721. There are no free reserves al the year end. all are liecl up within fixed assets. The charity is looking to improve this position in the 2024125 year. The truslÉ@s and management bDard greatly appreciate the assistance, both financial and otherwise, givon by the fund8rs during the perw)d. Donations in kind are not incorporated into the accounts as they sre not valued in monetary terms. Reserves policy 11 is the policy of the charity that unrestricted funds which have not been designated for a specific use should mainlainpd al 8 level equivalent to between three and six month'8 expenditure. The Iruslees consiller that rèserves al this level will ensure that. in the event of a significant drop in funding, they will be able lo continue the charity's current a¢livilies while ctsnsideralion is given lo ways in which additional funds may be raised. The charity look lo Improve the position and return lo Ihi$18vel ol reserves in 2023124. aiof risks The Iruslees have assessed the major risks lo whith the charity 15 exposed, and are satisfied that systems are in place lo mitigate exposure lo the major risks.
ULVERSTON FORD PARK COMMUNITY GROUP TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Safeguardlng Ulverslon Ford Park Community GTOUP IFPCGI is fully ctsmmilled lo ils responsibility lo safeguarol protect the inleresls of all children, young people and vulnerable adutts it works wlh. We are commilled lo operate in a way which protects them. Ford Park Community Group has a comprehensive safeguarding policy that is reviewed annually. The policy applies lo all staff, volunteers and anyone working on behalf of FPCG and aims to provide a framework lo ensure the Organisalion's procedures and working praGtices are consislenl with ils values and beliefs. The purpose of the policy is lo'_ prolecl childrèn, young people and vulnerable adults with whom FPCG staff, volunteers and anyona working on b?half of FPCG may be involved. provide staff of FPCG, volunteers and anyone working on l)ehalf of FPCG with thè overarching principles that guide our approach lo safeguarding. The policy was last fftviewed by the CO and Iruslees on 27th November 2018. Plans for future perlods Under direction of a new CEO and with the Covid-19 pandem1¢ behind ug. the charity now expects lo broaden oui offering in terms of community events and activities. These events are now being organised for 2024125 and we expect this to bolster our financial Position for the next financial year. Much more remalns lo be done to develop long-lerm support for the Park lo secure ils future, increasing our membership and corporate membership and sponsorship wlll be key lo thls. Our FLfndraising and Communications Officer is employed on a part lime contract lo apply for grants on the Charity's behalf In order lo win bids for both reslricled and unrestricted funding. This has already began lo prove Iruilful in the successful awarding of several small as well as the inclusion in ongoing fund raising ptograms including The Big Give and the Co-op cotnmunily fund. We are currently developing our medium term strategy and a robust business plan lo lake the charity fonmard into the next several years with an aim lo make the charity and the park financially self-sufficier*l. Structure, governance and management The charity is a company limited by guarantee and established un(Ser a Memorandum of Association which established the objects and powers of the charitable company and is governed under the Articles of Association. The Iruslees, who are also the directors for the purpose of company law, and who served during Ihg year and up lo the dale of signature of the financial sl2lemenls wère.. Mr ShaLtn Alkinso Mr Bob Brown Ms Rosemarie Campbell Ms Marilyn Hale Mr Jamie Shaw Ms Shirley-Anne Imlson Ms Charlolle Fuke Mr Neil Fleming Mr Derek Willison-PaTry Ms Emma Alhersmilh Ms StaY Smith (Resigned 30 November 20231 (Resigned 12 December 20231 {Resigned 15 May 20241 IAppointed 22 Jtjne 20231 (Resigned 14 June 20231 (Appointed 5 July 20241 (Appointed 20 March 2024 and resigned 30 SepteMr 20241
ULVERSTON FORD PARK COMMUNITY GROUP TRUSTEES. REPORT IINCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Recruitm8nt and appoinlrnenl of tmslees Trustees are elected at the Annual General Meeting. The two longest serving trustees retire al each AGM and can be re-elected by vole. Trustee vacancies are advertised locally. To broaden the scope and experience of the Board, a Irusle@ may make a direct approach lo potential candidates lo largel speGifiG skills and knowledge required lo balance the Boarij. All nominations for trustees musl be approved by the Board prior lo the AGM. None of the Iruslees has any beneficÈal interest in the Company. All of the l¥uslees are members of the company and guarantee lo contribute £1 in the event of a winding up. Org8ni8gtional structurp The Board of Trustees act as the Man8gemenl Committee and meets monthly as a group lo discuss key management issues including legal, financial and developmènt and lo monitor the progress and activities of the Chief Executive. Trustees are also allocated to a number of specialist sub commillees. The Trustees delegate the day-to-day running of the Charity lo the Chief Executive Offi¢8rlPark Director, Sam Ronson. Induction and training of Imsloes New Board Members are given an induction pack containing a copy of the governing document. a description of their iole as a Iruslee and Gopies of recent minutes and reports. As part of the induction process new Iruslee8 are invited lo meet the employees of the organisalion spend lime with the Chief Executive and Chairperson. Trustees are gncouraged to dèvelop their own skills Nvhilsl volunteering in their Board role. Training opportunities are brought lo the attention of Trustees al meetings and relevant course costs are met by the group. An audit of the Board members, skills and knowlèdge is carried DUI annually lo identify the training needs of the organisation. The trustees, report was approved by the Board DI Trustee5. w, IAS Shirley-Ann Trustee Dale..
ULVERSTON FORD PARK COMMUNITY GROUP INDEPENDENT EXAIVIINER'S REPORT TO THE TRUSTEES OF ULVERSTON FORD PARK COMMUNITY GROUP I report to the Iruslees on my examination of the financial slalements of Ulverslon Ford Park Community Group {Ihe charilyl for the yèar ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity land also ils direclors for the purposès of MpanY lawl you are responsible for the preparation of the financial stslemer5ts in accordance with the requirements of the Companies Act 20LE Ilhe 2006 Act). Having salisfied myself that th& financial statements of the charily are not required lo bè audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my ttxaminalion of the charity's financial slalemenls ca[ed out under section 145 Df the Charities Act 2011 Ilhe 2011 AGII. In carfying out my examination I have followed all the spplicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no mallers have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the chaiily as required by section 386 of the 2006 Act- or the firnancial staternenls do not accord with l#ose records,. or the financial slalemenls do not Comply with the accounting requirements of section 396 of the 2008 Act other than any requirement that the a¢¢ounls give a Irue and fair view which is not a matter Considered as part of an independent examination., or Ihe financial slalemenls hav8 not been prepared in accordance with th8 methods and principles of th Statement of Recommended Practice for accounting and reporting by tharilies applicable to charilies preparing thèir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 I have no concerns and have come across no other mallers in ¢onne¢lion with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. JL Wlnder & Co Suite 6 Furness Gale Peler Green Vvay Barlow in Furness Cumbtia LA14 2PE Dated.. 27 November 2024
ULVERSTON FORD PARK COMMUNITY GROUP STATEIVIENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Restricted flinds funds 2024 2024 Total Unrestrlcled Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from- Donations 8nd12gacies Charitable activities other trading activities Investments Other incon)e 69,479 2.114 20,400 28,256 3,160 61,800 131,279 2,114 2J,400 28,258 3,160 54,766 1,251 6,952 23,223 805 137,107 10,052 191,873 11,303 6,962 23,223 805 Total Income 123,409 61,800 185,209 86.997 147.159 234.156 Expendlture on: Raising funds Charitable aclivilies 6.282 120,193 6,282 180,901 2,889 138,436 2,889 183,566 60,708 45,130 Total expenditure 126,475 60.708 187,183 141,325 45.130 186,455 Not incomellexpendlturel and movement In funds (3,(6) 1.092 11,9741 154,3281 102.029 47,701 Rèconclllation of funds.. Fund balances al 1 April 2023 477.787 322,675 800,462 532,115 220,646 752,761 Fund balances at 31 March 2024 474,721 323,767 798,488 477,787 322.675 800,462 The statement of financial adivilies includes all gains and losses recognised In the year. All income and expenditure derive from ¢onlinuing aclivilies.
ULVERSTON FORD PARK COMMUNITY GROUP BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets 13 792,675 783,338 Current assets Debtors Cash al bank and in hand 14 8,3 8,484 10,831 16,592 16,880 27,423 Credltors.- amounts falllng due wlthin one yeaT 11.067 10,297 Nel Current assets 5,813 17,126 Total assets less current Ilabllltles 798,488 800.462 The funds of th8 charlty Restricted income fLJnds Unreslricled funcls 17 323,767 474,721 322,675 477,787 798,488 800,462 The company is ènlilled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The dire¢lors acknowledge IheÈr responsibilities for complying wlh the requirement¥ of the Companies Act 2006 with respect lo accounting recDrcls and the preparation of financial slalements. The members have not requir&d the company lo obtain an audit of ils financial slalemenls lor the year in question in accordance with section 476. These financial statements hsve been prepared in accordance with the provisions applicable lo companies subject lo ths small mpanIeS regime. The financial slalemenls were approved by the trustees on . Jty Ms Shirley- Trusièe nne Wilson Company regislralion number 03989550 (England and Vvalesl
ULVERSTON FORD PARK COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charlty Information Ulverston Ford Park Communlty Group is 8 private company limtted by guarantee incorporated In England and Wales. The registered office is Ford Palk Community Group, Ford Park, Ulverslon, Cumbria, LA12 7JP. 1.1 Accountlng conventlon The fi'nancial slalemènts havè been prepared in accordance with the charity's Igoverning documenll, the Companies Act 2006, FRS 102 "The Flnancial Reporting Standard applicablè in the UK and Republic ol Ireland" I'FRS 1021 and th& Cha¥ilies SORP "Accounting and Reporting by Charities-. Slalemenl ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 lelfeclive l Janu8ry 2019}. Th8 charity is a Public Benefit Enlily as defined by FRS 102. The charily has taken advantage of the provisions in the SORP for charitses not lo prepare a Slalement of Cash Flows. The financial statements are prepared in sterfing, which is the functional CUTrency of the charity. Monetary amounts in Ihese financlal stslements are rounded lo the nearest £. The fi'nancial statemént5 have been prepared under the hisloricsl cost convention. The principal accounting policies adopted are sel out below. 1.2 Golng concern Al the lime of approving the financial slalemenls, the Iruslees have a reasonable 8xpectation that the charity has 8dequalÈ resources to continue in operational existence for the foreseeable future Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unreslricled funds are available for use at the dIsellon of tho trustees in lurtherance of their charilablo objedives. Reslricled funds are subject to speolic conditions by donors or grantors as to how they may be used. The pury)oses and uses of the restricted funds are sel out in the noltss lo the financial slalemenls. Endowment funds are subject lo specific conditions by donors that the Capital musl be maintained by th8 charily. 1.4 Income Income is recognised when the charity is legally enlillgd lo il after any performance conditions have been mel. the amounts can be measured reliably, and il is probabl8 that income will be roceived, Cash donations are i&cognised on receipt. OlhBr donations are recognised oncè the charity has been notified of the donation, unless performance conditions require deferral of the amounl. Income lax recovemble In relation lo donations fèceived under Gift Aid or deeds of covenant is recognised al the time ol the donation. Legacies are rècognised on receipt or otherwise if the charity has been notified of an impending tribUtIon. the amount is known, ancE receipt is expected. If the amount is not known, the legacy is Irealed as a conlingenl asset.
ULVERSTON FORD PARK COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcies Icontlnuedl 1.5 Expenditurè Expenditure is recognisad once there is a legal or constructive obligation to transfer economic benefll lo a third party, il is probable that a transfer of economic benefits will required in sèttlement, and the amount ol the obligation can be mÈ8sured reliably. Expenditure is classified by acllvlty. The costs of each activity are made up of the lolal of dir1 costs and shared Costs, including support Costs involved in undertaking each aclivily. Direct costs allrlbulable lo a single activity are allocated directly lo that aclivily. Shared costs which contribute lo more than one activity and support costs which are not allribulable to a single aclivily are apportioned between those acliviltes on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and d&precialion chaiges aTe allocated on the portion of the asset's use. 1.6 Tangiblè fixed assets Tangible fixed assets are initially measured al cost and subsequently measured al CDSI or valuation, net of dgpreGialion and any itnpaiimenl losses. Deprea81ion is recognised so as lo write off the cost or valuation of assets less IheiT residual values over their useful lives on the following bases.. Playground equipment Fixtures and fittings Computers 10Qk straight line 250/0 reducing balance 330k slraighl line The gain Dr loss arising on the dispos81 of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the 81alemenl of financial aclivilies. 1.7 Iwnpairment of flxed assets Al each reporting end dale, the charity reviews the carrying amounts of ils tangible assets lo determine whether there is any indi¢alion that those assets have sUffed an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order lo determine the exlenl of the impairment loss lif any), .8 Cash and eash equlvalents Cash and cash equivalents include cash in hand, deposits held at ca15 with banks, other short-lerm liquid investments with original malurilies of Ihreo months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilitie5. 1.9 Flnanclal instruments The charity has elected lo apply the provisions of Section f1 '8asic Financial Inslrumenls, and SecliDll 12 'Olher Financial Instruments Issues. of FRS 102 to all of ils financial inslrumenls. Financ(al instruments are recognised in the charity's balance sheet when the charity becomes party lo the conl¢actual provisions of the instrument. Financtal assets and liabilities ale offset, with th8 nel amounts presented In the financial slalemenls, when there is a legally enfoiceable right lo sel off the re¢ognis&d amounts and there is an intention to sellle on 8 nel basis or lo realise the asset and sellle the liability simultaneously.
ULVERSTON FORD PARK COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 IWARCH 2024 Accounting pollcies Icontlnuedl Basic Ilnaneial assets Basi¢ financi81 assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequenlly Carried al amortised cost using the effective interest method unless the arrangement constitutes a financing Iransaclion, where Ihe transaction is measured al the present valuè of the future receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortised. Baslc financial liabilities Basic financial liabilities, inGluding creLfilors and bank loans are initially recognised al transaction price unless the arrangement constilules 8 finanang Iransaclion, where the debt instrument is measured at the present value of the future payments discounted al a market rale of interest. Financisl liabilities classified as payable within one year are not amortised. Debt instruments ar8 subsequently carried al amorlised cog1, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquireof in the ordinary course of operations from suppliers_ Amounts payable are classified as current liabilities if payment is due wlhin one year or less. If not, they are presented as non-cur¥enl liabilities. Trade creditors are recogniséd initially at transaction price and subsequently measured al amortised cost using th& effective interest meth(. Derecognition of financlal Ilal)Illtles Finan¢ial liabilities are derecognised when the charity's contractual obligations expire or a dischargèd or Cancelled. 1.10 Employee beneflt$ The CDSI of any unused holiday enlillement is recognised in the period in which the employee's setvrces are received. Termination benefits are recognised immedlalely as an expense when the ¢harily is demor5slrably comtnitled lo terminate the employment of an employee or lo provide termination benpfils. 1.11 Retirement ben8fits Payments lo d8fined contribution retirement ben&fil s¢hemes are charged as an expense as they fall due. Critical accountlng estimates and judgements In the application of the charity's accounting policies, the trustees are required lo make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that 8re not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are ¢onsidered lo be relèvanl. Actual iesulls may differ from these eslimales. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accoLJnling eslimales are recognised in the peTiod in which the estimate is revised where the revision affects lY that period, or in the period of the revision and future periods where the revision affects both current and future periods. 10
ULVERSTON FORD PARK COMMUNITY GROUP NOTES TO THE FINANCIAL STATE[ENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacies Unrestricted Restricted funds funds Totsl Unreslricled Reslricled funds funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Grants receivable 62.736 6,743 15,000 46,800 77,736 53,543 54,566 20CI 54.566 137.307 137.107 69,479 61,800 131,279 54,766 137,107 191,873 Donatlons and glfts Orcina Limited NFU Ulverston Town Council Cumbria Community Fund Other 4Q,OOQ 40,000 40,000 6,379 40,OJO 8,379 10,000 10.000 5.000 5,000 22,736 22,736 8.187 8.f87 62.736 15,000 77,736 54.566 54,566 Grant8 receivable for coro activities Foyle Foundation Ulverslon To%vn Councl Baywind Energy Ulverslon Town lands FCC re Playground Frieda Scoll FoLtndation Cumbria County Council NFU Mutual Granlscape Sir John Fisher Foundation Other 8,200 3,000 12,500 2,OOLI 8,200 3,100 12,500 2,000 100 5,500 5,500 100,000 9,428 5,525 100,000 9,426 5,525 6,443 6,443 7,360 7.360 8,000 5,740 8,000 5,940 200 200 16,656 16,856 6,743 46,800 53,543 200 137,107 137.307
ULVERSTON FORD PARK COMMUNITY GROUP NOTES TO THE FINANCIAL STATEIKIENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charltable activities Unrestrlcled Restricted funds funds 2024 2024 Total Unrestricted R¥strl¢ted funds funds 2023 2023 Total 2024 2023 Nursery sales servIs provided under ¢onlracl 2,114 2.114 1,251 1,251 10.052 10,052 2,114 2,114 1,251 10,052 11,3L13 Income from other tradlng activitiès Unrestrlcled Unrestricted funds funds 2024 2023 Membership subscriptions Fundiaising @vents Shop income 5.209 14.792 399 4,500 2.452 Other trading activities 20,400 6.952 Income from investments Unrestrl¢tod Unrestrlcted funds funds 2024 2023 Rental income Interest receivable 27,919 337 23.051 172 28,256 23,223 other income Unrestrirted Unrestrl¢ted funds funds 2024 2023 Other income 3,160 805
ULVERSTON FORD PARK COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on raising funds Unrestricted UnrestrScted fLFnds funds 2024 2023 Fundralslng and publiclty Staging fundraising events Other fundraising costs 4,532 1,750 2,839 6.282 2,889 Expenditure on charltable actIvI&S 2024 2023 Dlrect costs Staff costs Depreciation and impairmènt Mabnlenance and waste disposal Water rates Insuranca Heal and light Telephone Office slalionery Training and subs¢riplitsns Plant nursery purchases Professional and consultancy fees Advértising Accountancy fees Other charitable expendiltjre 90,338 17,953 30,832 3,574 3,313 4.909 1,649 885 3.098 2,360 6,914 140 3,Q26 11,910 98,234 15,554 35,616 5,035 3,086 6.981 1.432 1.283 869 887 641 5,279 8,669 180.901 183,566 Analysis by fund Unreslri¢led funds Reslricled funds 120.193 60,708 138,436 45,130 180,901 183,566 10 Trustee5 None ol th& Iruslees lor any persons ¢onne¢led with them) receivect any remuneration or benelits from the charity during the year. 13
' ULVERSTON FORD PARK COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees The average monthly number of employees cluring the year was.. 2024 Number 2023 Number Charitable adivilies Employment costs 2024 2023 Wages 8nd salaries Social security 00515 other pension costs 88,661 104 1,573 96,590 1,644 90.338 98,234 There were no employees whose annual iemuneralion was more than £60,000. Remuneration of key managem6nt personllel The remuneration of key management personnel is as follows. Aggregate compensation 31,228 29,944 12 Taxatlon The charity is axernpl from taxation on ils adivilies because all its Income is applied for charitable purposes. 14-
ULVERSTON FORD PARK COMMUNITY GROUP NOTES TO THE FINANCIAL STATEIVIENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tanglblè flxed assets Fre8hold land and bulldln¥$ Playuround Flxtuves and vquipment flttlngs ComputeTS Total Cost Al 1 April 2023 Additions 670,092 114,545 137,415 27,293 11,296 933,348 27,293 Al 31 March 2024 670,092 114,545 164,708 11,296 960.641 Depreclatlon and Impalrment Al 1 April 2D23 Depreciation charged in the year 11,455 11,455 127,595 6.316 10,982 183 150.012 17,954 Al 31 March 2024 22,910 133,911 11,145 167.966 Carrylng amour)t Al 31 March 2024 670,092 91,635 30.797 151 792,675 Al 31 March 2023 670.092 103,090 9,820 334 783,336 14 Debtors 2024 2023 Amounts fallSng due wlthln one year.. Trade debtors Other debtors 6,951 1,445 9,385 1,446 8,396 10,831 15 Credltors- amounts falling due wlthln one year 2024 2023 Other laxalion and social security Trade creditors Accruals and deferred income 718 10.349 1,432 5,556 3,309 11,087 10,297 16 Retlrement beneflt schemes Deflned contrlbutlon s¢hem&s The chsrily operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from Ihose of the charity in an independently administered fund. The chsrg& to Fxolil or loss in respect of defined conlribution schemes was £1,57312023- £1.644}. 15-
ULVERSTON FORD PARK COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restricted funds The restricted funds of the charity comprise the unexpended balances of donalions and grants held on tnjsl subj8¢1 to specific conditions by donors as lo how they may be used. At 1 Aprll 2023 Incoming resources Resources At 31 March expènded 2024 Futurebuilders England (Building grant) Fresh Ideas Sellafield Ulverston Town Lands Granlscape SLDC LIPS Frieda Scott Foundation World Market P18ygroLJnd (FCC. CGP and Persimmon) The Big Give Sir John Fisher Foun(Jation Baywlnd Energy Weslmorland and Furness Foyle Foundation Cumbria County Council Sl8gecoach HAF Cumbria Community Foundation SLDC Ulverston Town Council 185,380 397 519 185,380 297 389 1,678 5,827 9,420 4.726 1,OQO 91,400 1100) 11301 13221 11,5331 2,000 7,360 9,420 9,428 1,QQO 102,825 3,679 14,70CII {11,4251 13,6791 18,0001 11,8891 15,2401 18,2001 13,3711 15001 12,7951 14,6941 11,1301 13,0001 8,000 12,500 5,240 8,200 10,811 4,604 7,233 500 2.795 5,000 306 1,130 1.50 13.000 11,500 322.675 61,80D 160,7081 323.767 16-
ULVERSTON FORD PARK COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restricted funds Contlnuedl Previous year: At 1 April 2022 Incomlng resourGes Resources At 31 March expended 2023 Fulurebuilders England (Builciing grant) Fresh Ideas Sellafield Ulverslon Town Lands Granlscape SLDC LIPS Co-op WoTld Market Playground (FCC, CGP and Persimmon) Lake District Foundation HAF funding Cumbria Commerce re Kick Start The Big Give BAE Cumbria County Council Frieda Scoll Foundallon Ralhbone Cumbrta Community Foundation SLDC Ulvefslon Town Council 185,380 530 e92 4,QOO 2,226 9,420 3,148 1,QOO 14,250 185,380 397 519 11331 (1731 {8,0001 12.2281 4,000 9,420 13,1481 1,000 102,825 100,000 2,500 10.052 3,703 3,679 1.000 5,325 9,426 3,000 1,200 1,774 1,50L> 111,425) 12.5001 17,2571 13,7031 2,795 3,679 11,000 17211 4,604 9,426 13.0001 11,2001 {6441 1,130 1,500 220,646 147,159 {45.1301 322,675 18 Unrestrlct8d funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo spe¢ilic conditions by donor5 and grantors as lo how they may be used. These include designated funds which have been sel aside otjl ol unr&slricled funds by the Iruslee8 foi specific puiposes. At 1 Aprll 2023 In¢oming resources Resources At 31 March expended 2024 General funcls 477,787 123,409 1126,4751 474,721 Previous year- At 1 Aprll 2022 Incoming resource5 Resources At 31 March expended 2023 General funds 532,115 86,997 1141,3251 477,787
ULVERSTON FORD PARK COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Analysls of net assets between fund5 Unrestricted lunds 2024 Restricted funds 2024 Total 2024 Fund balances at 31 March 2024 are ropresènted by: Tangible assets Current assetsllliabililiesl 495.591 {20.87LI) 297,Ll84 26,683 792.675 5,813 474,721 323,767 798,488 Unrestrlcted funds 2023 Rèstricted funds 2023 Total 2023 Fund balances at 31 March 2023 are represented by.. Tangible assets Current assetsllliabililiesl 494,215 116,4281 289,121 33,554 783,336 17,126 477,787 322,675 800,462 20 Related party transactions There were no disclosable related party transactions during the year12023- nono). 18