COMPANY REGISTIIATION NUMBER: 04476202 CHARITY REGISTRATION NUMBER: 1097692 Friends of Roundhay Park Company Limited by Guarantee Unaudited Financial Statements For the year ended 31 March 2023 FOROCAIIPBELL FREED Friends of Roundhay Park Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial acts-vib'es (including income and expenditure account} Statement of financial position Notes to the financial statements Friends of Roundhay Park Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2023 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. Roforgncg and admlni$tratlvo dalalls Registered charity name Friends of Roundhay Park Charity r•gistratlon numb•r 1097692 Company rngistration number 04476202 Principal office and registored 2nd Floor office 33 Park Place Leeds LS12RY Th• tru8t88S C R Criichley C Haughton C Ward J P Ferguson {Died 9 December 20221 Company Secrgtsry C Haughlon Ind8p8ndent 8xamlnor Lisa Calvert 2nd Floor 33 Park Place Leeds LS12RY Friends of Roundhay Park Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2023 structure. govemance and management Govornlng Docum•nt The organisalion is a ¢harrtable company limrted by guarantee. incorporated on 3 July 2002 and registered as a ¢harty on 27 May 2003. The company was established under a Memorandum of Association which established the objects and powers ol the charitable company and is governed under its Articles of Association. In the event of the company being S%￿und up members are required to contribute an amount not exceeding £10. Ro¢ruitsnont and appointrM•nt of directors and Trustees The dire¢lors of the company are also ¢harty trustees for the purpose of ¢harty law and under the Companys Artides of Associ*'on are knovm as Trustees. Under the requirements of the Memorandum of Association one third of the trustees are required to retire at each annual general meeting by rolalion. They may ￿ r￿ected ty the remaining trustees. The Iruslees may appoint a person who is wlling lo be a trustee %thether to fill a vacancy or as an additional Iruslee. Honorary Pre8ldènt Dr Marj'orie Zrff MBE passed away in April 2023. The Friends of Roundhay Park give thanks for Dr Ziff s support of our charitable endeavours and extend our ¢ondolen¢es lo her family. Obl•ctIv￿ and actlvltl The Company has set main objeth'ves for the charty, these are'.- 111 To promote the preserwatson, reslor81ion. maintenance and improvement of Roundhay Park Leeds for the benefit of the public. 121 To promote the benefit of Leeds and the surrounding areas by a$socBb'ng the local authorities and inhabitants in a common effort to provide facilities in the interest of social welfare for recreation and leisure lime occupatson with the objects of improving the conditions of life for the inhabitants. Strat8glc rnport The lolk)wng sections for achievements and perlomiance and financial rewew fomi the strategic report of the charity. A¢hl•vem•nts and perfomiance The biggest achievement last year was the 151Xh celebration. FORP hosted a range of activities including walks. talks and a vthole day of live music and entertainment for the local Community. The charity installed h¥0 new tree sculptures and infomiation board in Canal Gardens, replacing FORP'S Mary's Tree which had to be felled in Ihe previous year. Foresl Schools ran throughout the summer months Iterrn timel and the charity also continued ils litter picking and general maintenance work in the park. The charty achieved 'Local Favourrte. in the Fields in Trust UK'5 Favourile Park compelib.on and were recognised by Inner North Leeds Committee as 'Local Heroes,. **Friends of Roundhay Park** ## **Company Limited by Guarantee** **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ ## **Year ended 31 March 2023** ## **Financial review** During the year the charity has made (deficit)/surplus on its general activities of (£5,790) (2022: £5,880) and a surplus/(deficit) on its restricted fund of £nil (2022: £nil). The unrestricted and restricted funds now stand at £25,478 and £nil respectively (2022: £31,268 and £nil). ## **Reserves Policy** The trustees have examined the charity's requirements for reserves in light of the main risks of the organisation. It has established a policy whereby the unrestricted funds of the charity should be a minimum of 6 months based on the budgeted expenditure for the following year. ## **Investment Powers And Restrictions** The directors/trustees are only permitted to use the charity's assets solely towards the promotion of the objectives of the charity. ## **Plans for future periods** Avian Flu curtailed the sale of duck food throughout the previous year but has now been re-started, with permission of Leeds Parks, providing a good income and a better environment for users of Waterloo Lake. The charity is working with Leeds 2023 Year of Culture to host two events in the park, which will increase the profile of FoRP. The ground around the new tree sculptures will be landscaped providing a pathway to allow the public to view the sculptures easily. Forest Schools (during summer term time), litter picking and garden maintenance will continue. ## Jun 7, 2023 The trustees' annual report and the strategic report were approved on .................................... and signed on behalf of the board of trustees by: ## _Carol Haughton_ Carol Haughton (Jun 7, 2023 10:06 GMT+1) C Haughton Charity Secretary **3** **Friends of Roundhay Park** ## **Company Limited by Guarantee** ## **Independent Examiner's Report to the Trustees of Friends of Roundhay Park** ## **Year ended 31 March 2023** I report to the trustees on my examination of the financial statements of Friends of Roundhay Park ('the charity') for the year ended 31 March 2023. ## **Responsibilities and basis of report** The trustees are also the directors of the company for the purposes of company law are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention:(1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006, and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met, or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Lisa Calvert Independent Examiner 2nd Floor 33 Park Place Leeds LS1 2RY ## Jun 7, 2023 ................................. **4** Friends of Roundhay Park Company Limited by Guarantee Statement of Financial A¢tivitie$ {including income and expenditure account) Year ended 31 March 2023 2023 unrestn.cted fvnds Total funds 2022 Total fvnds Income and endowinents Donations and legacies Other trading activities Total In¢om• 33,418 3.505 33.418 3.SOS 36.923 23,506 50 36,923 23,556 Expenditure Expendrture on charitable activities Total exponditur• 42.713 42.713 17,676 42,713 42.713 17,676 Net1gxpgnditurgifin¢om• and n$1 movemgnt in fund$ 15.7901 15,790) 5.880 Reconciliation of funds Total funds brought forward Total funds carrl•d fopward 31,268 31.268 25,388 2S.478 2S,478 31.268 The slalemenl ol financial activities includes all gains and losses recognised in the year. All income and expenditure derive from ￿ntinuIng adivth'es. The notes on paye$ 7 to 12 fomi part of these flnanclal statements. **Friends of Roundhay Park** ## **Company Limited by Guarantee** ## **Statement of Financial Position** ## **31 March 2023** |||**2023**||2022| |---|---|---|---|---| ||**Note**|**£**|**£**|£| |**Current assets**||||| |Stocks|**12**|**3,192**||5,745| |Debtors|**13**|**1,640**||1,394| |Cash at bank and in hand||**22,581**||27,452| |||**27,413**||34,591| |**Creditors: amounts falling due within one year**|**14**|**1,935**||3,323| |**Net current assets**|||**25,478**|31,268| |**Total assets less current liabilities**|||**25,478**|31,268| |**Net assets**|||**25,478**|31,268| |**Funds of the charity**||||| |Unrestricted funds|||**25,478**|31,268| |**Total charity funds**|**16**||**25,478**|31,268| For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - 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; - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. These financial statements were approved by the board of trustees and authorised for issue on ## Jun 7, 2023 . ........................ , and are signed on behalf of the board by: _Carol Haughton_ Carol Haughton (Jun 7, 2023 10:06 GMT+1) C Haughton Trustee **The notes on pages 7 to 12 form part of these financial statements.** **6** Friends of Roundhay Park Company Limited by Guarantee Notes to the Financial Ststements Year ended 31 March 2023 General infonnation The charity is a public benefft entty and a private company limited by guarantee, registered in England and Wales and a registered charty in England and Wales. The address of the registered office is 2nd Floor, 33 Park Place, Leeds, LS12R Y. Ststement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalement of Recommended Pracli¢e applicable lo charib.es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accountlng pollcl•s Ba$1$ of proparatlon The financial statements have been prepared ￿ the historical cost basis. The financial statements are prepared in Steding, vthich 1$ the fvnclional currency of the entity. Golng concern There are no material uncertainties about the charity's abilty lo continue. Dlsclosuro exemptlons The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial slalements are consolidated into the financial statements of lenlef name of group financial slalemenlsl which can be obtained from {enter delaill. As sv¢h, advantage has been tsken of the follwng disclosure exemptions available under paragraph 1.12 01 FRS 102.. lal No cash flow statement has been presented for the ￿mpanY.{bl Di$¢lo$ure$ in respect of rinancial instruments have not been presented. Judgements and kgy 8our¢e$ of ostlmatlon uncertalnty The preparation of the financial stslements ￿qUI￿$ management to make judgements, estimates and assumption$ that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other lactors. including expectats'ons of future events that are believed lo be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discreti￿ of the trustees to further any of the charity's purposes. Reslncted funds are subjected lo resth"ctions on their expendrture declared by the donor or through the terms of an appeal. and fall into one of sub-dasses". restricted income funds or endowment funds. Friends of Roundhay Park Company Limited by Guarantee Notes to the Financial Ststements i¢onlthu¢dJ Year ended 31 March 2023 Accounting policies (conthiu•d) In¢omlng resour¢•s All in¢oming resources a￿ included in the statement of finan¢i81 acb"vthes when enlidement has passed lo the ¢harty." (( is probable that the e¢onomi¢ benefits associated with the transaction wll flow to the charity and the amount can be reliably measured. The followng specific policies are applied to particular categories of income.. income from donations or grants is recognised %then there is evidence of enlillemenl lo the gift, receipt is probable and tis amount can be MeaSu￿d ￿llabty. legacy income is recognised Nthen receipt is probable and enlillemenl is established. income from fjonaled goods is measured at the fair value of the goods unless this is impractical to measure reliably, in ￿lch case the value is derived from the cost to the donor or the eslimaled resale value. Donated facilibes and serwces are recognised in the account$ when received if the value can be reliabty measured. No amounts are included for the contribution of general volunteers. income from ¢ontracl$ for the supply of $erwces 1$ recognised vith the delivery ol the contracted seNce. This is classified as unrestricted fvnds unless there is a contractual requirement for il to be spent on a particular purpose and returned if unspent, in thich case it may be regarded as restricted. R8Bourc8s exp8ndod Expendrture is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the stalernent of rinancial activities to which it relates.. expenditure on raising lund$ indudes the costs of all fvndraising activrties, events, non- charitable trading activities, and the sale of donated goods. expenditure on charilable activities includes all costs incurred by a charity in undertaking activities that further ils charilable aims for the benefft ol its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expen￿rtU￿ includes all expenditure Ihat is neither related to raising ftjnds for the charity nor part of its expendrture on charitable acti¥￿'eS. All costs are allocated lo expenditure categories reflecting Ihe use of the resource. Direct costs attributable lo a single activity are allocated directly to that actiwty. Shared costs are apportioned between the acliwtses they contn.bute lo on a reasonable, ju5trfiable and consistent basi5. stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock lo its present location and condth"on. Friends of Roundhay Park Company Limited by Guarantee Notes to the Financial Ststements i¢onlthu¢dJ Year ended 31 March 2023 Lirnited by guarantee The Charity is a company limf(ed by guarantee and has no share capital. In the event of the charity being wound up, the liabilty in Te5pect of the guarantee is limrted lo £10 per member of the charity. Donations and legacies Unreslricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Members subscripty'ons Gift Aid Tax recovery Duck food General donations 8.033 1,473 6,117 7,295 8,033 1,473 6,117 7,29S 4,986 1,279 11,474 5,767 4.986 1,279 11,474 5,767 Grants Grants receivable 10,500 lo,￿mI 33.418 33,418 23,506 23,506 Othgr trading actlvitbgs Unreslricied Total Funds Unre$lri¢led Total Funds Funds 2023 Funds 2022 Sale of books, prints and cards 3,505 3,SOS 50 50 Exp•ndlturg on charllabl• actlvltles by fund typo Unreslricted Total Fund# Unrestricted Total Funds Funds 2023 Fund$ 2022 Costs In furtherance of charrtable objects Costs of generating funds Support ￿$1$ 31.396 8.984 2,333 31,396 8,984 2,333 14,112 2,009 1,555 14.112 2.009 1,555 42.713 42,713 17,676 17,676 Friends of Roundhay Park Company Limited by Guarantee Notes to the Financial Ststements i¢onlthu¢dJ Year ended 31 March 2023 Expenditure on charitable activities by activity type Activities undertaken Grant funding directly of acb"vib"es Support costs Total fund$ 2023 Total fund 2022 Costs in furtherance of charitable objects Costs of generating funds Governanee costs 29,546 1,850 31.396 14,112 8,984 8,984 2,333 42.713 2.009 1.555 2.333 38,530 1,850 2,333 17,676 Analysis of grants 2023 2022 Grants to Instltutlon8 Roundhay Skatepark Leeds Rowing Club National Centre Roundhay Runners While Rose Canoe 1,000 400 100 100 250 1,850 1,850 Total 9ranls 10. Indepondent examlnatlon f••8 2023 2022 Fees payable to the independent examiner for.. Independent examinats'on ol the financial slaternents 600 The charity's financial statements have fallen outside the scope of the requirement for an Independent Examin81ion this year. 11. Trustoo remunoration and expenses During the year the trustees received £nil 12022.. £nil} in remuneration and reimbursement of expenses. 12. Total stocks 2023 2022 Total stock5 3,192 5,745 10 Friends of Roundhay Park Company Limited by Guarantee Notes to the Financial Ststements i¢onlthu¢dJ Year ended 31 March 2023 13. Debtorn 2023 2022 Prepayments and accrued income Other debtors 168 1.472 115 1.279 1,640 1,394 14. Crnditors: amounts falling dug with•n on8 year 2023 2022 Accrua15 and deferred income Other creditors 1,860 75 2,473 850 1,935 3,323 15. ￿f•rred Incom• 2023 2022 Amount deferred in year 1,073 16, Analys18 of charftsbl* funds Unr88trlct8d funds At 31 March 202 1 April 2022 Income Expendrture Transfers General funds Playground reserve 31,268 36,923 {42,7131 25,478 31,268 36,923 {42,713) 25,478 Al 31 March 202 1 April 2021 Inc¢)me Expendrture Transfe General funds Playground reserve 18,803 6,585 23,556 {17.6761 6,585 {6,5851 31,268 25,388 23,556 {17,6761 31,268 During the years 2020 and 2021 work on refvrbishing the playground at the upper park commenced and was materially finished in the spring of 2021. Thi5 project was completed wthin budget which re5ulled in the balance of the playground designated fund being transferred back to general reserves. 11 Friends of Roundhay Park Company Limited by Guarantee Notes to the Financial Ststements i¢onlthu¢dJ Year ended 31 March 2023 17. Analysis of net assets between funds Unrestricted Total Funds Funds 2023 Current assets 25,478 25,478 Unrestricted Total Fun¢Js Funds 2022 Current assets 31,268 31,268 12