Charlty regl•tr4tlon numb•r 1101559
PARK LANE FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

PARK LANE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Nadè8m Ahmod
Mr Naveen Ahm8d
Mr Nazir Ahmed
Mr Sameer Ahmed
charlty number
1101559
Audltor
Champion Accountants LLP
2nd Floor Refuge House
3&37 Watergate Row
Chester
CH12LE

PARK LANE FOUNDATION
coKrENTS
Paga
Trustees, report
Statement of truslg9s' responsibilf(ies
Ind•pendenl auditorf5 report
Statement of ffinanc4al a¢b"vftte8
Balance Sheet
Notes to the financial statements
10-19

PARK LANE FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2021
The trustees present their annual report and ffinanoal statements for the year ended 30 September 2021.
The financi81 statements have been prepared in atxordance with the accounting policies set out in note 1 to
the financial statements and comply with the charity's goveming document, the Charitles Act 2011 and
"Accounting and Reporting by Charitiès.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the FinancAal Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 leffective 1 January 20191
Obj&ctiv&s and activtlies
The Charity's objects are to apply the income and all or such part or parts of the capital al such lime or timés
and in such manner to or for the benefrt of, such exdusively charilatjle objects and purposès in any part of the
warfd as the trustees shall think fit Ilhe 'objects'l and there has béen no change in these during the year. The
awareness of the charity and its activtties has continued lo grow during the year.
Public benefit
Thè trusteès (x)nfiim that they have o)mplied with the Tequirements of section 4 of the Charities Act 2011 to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Flnancial rèviow
The investment properties continue to generate incorne for the Charity and assist in the genèral Tunning of the
organisation.
The truste¢s maintain 8 fin8nrAal management policy in that income from the investment property Covers the
day to day njnning costs of the Charity. Any other expended r8sources must by wverod by suffi¢ient incoming
resources.
There was net income over expenditure of £330,273 12020. £178.8981. Of this, £100,000 ralatod to an
increas8 in th8 valve of Leeds Golf Centre which is held in investment properties.
The rental income represents the annu818mount of £280.OQO due Irom Leed5 Golf Leisure LLP and £15,526
in rent from other investment propèrty.
Polley on re$eThes
The trustees aim to maintain fre• rés8tVes unrestricted funds al a level equivalent to three months of
overhead costs {approximately £12,500}. The balance of total unrestricted funds at 30 Septèmber 2021 w85
£3.561,293.
After deduciing investment properb.es of £3.438.680 (including designated funds of £245,000) the surplus on
unreslri¢ted ieserve5 of £122,633 is thèrèforè abovè the t8iget level. The trustees expect this surplus to be
utilised by undertaking add￿onal tharttable actiwties in the coming years.
The designated funds are held for the pU￿Ose of allowing the charity lo continue holdin9 a rental investment
propety on Budey Rgad in Leeds.
Plan$ for the fvture
The trustees look forward to the next finanaal year where they wish to continue supporting other Ch8rities
through su¢cessfiJl fundraising and other social evenls. Thèy 8re optimistic that they will have successfijl
funding events which will allow them to meet the Charity's objectives.

PARK LANE FOUNDATION
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2021
Structurè. gov•rnancè and management
Naturè of gov•mlng doeument
The Charily was established by a charitable trust deed dated 20 August 2003 and 1$ a reglsltred Charity.
number 1101559, wlth the Charfly Commlssion In England & Wale8.
The Irusl¢68 who serve¢J during thg y￿[ and up lo the Ilate of signature of Ihe fmanclal staternents were..
Mr Nadeem Ahmed
Mr Naveen Ahmeil
Mr NazliAhmts4
Mr S8me*rAhmed
R•¢rultment andappolntment of trustees
Trustees are apptslnted by thè board of Trustè88 and serve for 3 year8 afteT which period ihey may put
themSe￿e$ forward for te-appointmenl. The firsl twstegs 8r¢ ¢ntWgd to hold offl¢e for nf¢.
The trustees ara not uKr&nlly r6cruNlng and theretse have Th) speLMfic re¢ruknwnt polldas In pl¥e, When lh•
Charity requires addilkjnal trustee8, the existing trustee8 will implement a poky of wiitmenl and training
whlch best 5erve5 the objects of the Charily.
Detalls ol relwant related party transadlons arn dlsdos•d In nots 20 to th• finafflal $tst•m•Yts. Th• Itvst¢•s
have as8e88ed the major risks lo vthich the chartty exposed. and are satisfied that adequale 8y8tem8 are In
place to mitlgate exposum lo the major ￿Sk&
Flnartelal inatrumènts
ObJectlv•s andpollcl•s
The Charity's activlties expose11 to a number ol financkil rlsks Includlng credll rfsk. cash flow rlsk and Ilquldlty
r68k. The uae ol flnanelal dèrlvallvey governèd by thè Charfly's ￿lICieS approved by the board of tm$lees,
provlde WTilten prSnclples on the use of flnanrAal derlvalives to managè these rl$ks. Th& Charlty doe$
not use derivative financial in8tiument8 for speculaiNe purposes.
Credltrisk
The Cha¥ity's windpal finandal a¥$ets are bank balances. cash and trade debtors.
The Charity's credll rlsk Is prlmarfty allrlbutable to Its trade debtOTS. The amounts presented kn tho bglance
$he•l ar* nf*l of altowan¢e$ for doublful debts. An allowarKè 18 madè Tkn there 18 èwdence of a reduction in
the recoverability ol the asset.
The Charfty ha$ ¥ ¢on¢entrathon of ¢redil rf$k ina$mu¢h ay ils primary assèt r8 let undor an operating lea30 to
a sing18 tenant. Tha truste￿ monitor thls risk thanks to th•lr closé Involvèmènt In thè opèrallons and finan￿$
ol the tsnanl,
Llquldlty Ylsk
In order lo maintain liquithty to ensure that sufficient funds 8re available for ongoirw operalk)ns And luture
developments, the Charfty use& a mixture of lon*temi and short-lerni debt finance.
The l $18ès' report was approved
y the Board of Trustees.
Mr Nadeem Ahmed
TN$lee

PARK LANE FOUNDATION
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2021
The tnJsteè5 rèsponsible for preparing the Trustèes, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards IUni(ed Kingdom Generally Accepted Accounting
Practi¢el.
The law applicable to tharities in England and Wales requires the trustees to prepare financyal ststemenls for
e8th financial year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources of the charity for that year.
In preparlng these financial statements. the trustees are required to..
selèct suitable accounting policies and then apply them consistendy.,
- observe the methods and principles in the Charities SORP.,
make judgements and esb"mates that are reasonable and prudent-,
state wheth*r applieAbla accounting standards have been followed. subject to any material departures
dI￿10Sed and explained in the financial statèments., and
prepare the financial slatements on Ihe going cA)ncem basis unless it is inappropriate to presume that the
charity will eontinue in operation.
The trustees are responsible for keeping sufficient accounting record5 that disdose wrth reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with
the Charlties Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the prowsions of the tnjst
deed. They are 3150 responsible for safeguarding the 355ets of thè charity and hence for tsking reasonable steps
for the prevention and detection of fraud and other Irregularities.

PARK LANE FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF PARK LANE FOUNDATION
Oplnlon
We have audited the financial statements of Park Lane Foundalion (the 'charity'l for the year ended 30
Seplernbei 2021 which cornprise the slalement of financial acbvilie5. the balance sheet and notes to the finanThal
statements, including significant accounting policjes. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom A¢¢ounling Standards, induding Financial Repo￿ng
StsndaTd 102 The Financial Reporting Sland8rd 8ppliG8ble in the UK and Republic of Ir8lAftd (United Kingdom
Generally Accepted Accounting Practice).
In our opinion, the financial slatemenls..
give a true and fair view of the stale of the chantys affairs as al 30 September 2021 and of its incoming
resources and application ol resources, for the year then ended..
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We ¢ondu¢t¢d oui audit in a¢cordan¢e wth International Sland8rds on Auditing IUKI IISAS IUKII and appli¢able
13w. Our responsibilities under those 31andards are further described in the Auditors responsibtilibes for the audit
of the ￿n￿n￿al ststemenls section of our report. We are independent of ihe charity in acoJrdance wtth the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fLJffillÈd our other Èthieal responsibilrties in accordance with these requirements. We
believe that the 8udrt ew4Jence we have obtsin8d is 5uITirient and appropriate to provide a ba518 for our opinion.
Conclusions relating to going concern
In auditing the ffinancjal slatemenls, we have conduded that the trustees, use of the going concern basis of
accounting in the preparalion of the financial statements is appropriate.
Based on the work we have perf¢imed. we have not identlfied any rnaterial uncertainties relating lo events or
CDnditions that, indiwdually or collectivety, rnay cast significant doubt on the charity's ability to continue 8s a
going concern for a period of at least ￿e1ve months from when Ihe finanaal statements are authorised for issue.
Our responsibilities 8nd the responsibilities of the trustees with iespect to going concem are deS¢￿bed in lh8
relevant section5 of this report.
othor Inforniatlon
The othar infomiation comprises the information indudèd in the 8nnu81 report oth8r than thè financial statements
and our auditorfs report thereon. The trustee5 are Te5ponsible for the other information contained within the
annual report. Our opinion on the financial statements does not cover the other infomiation and we do not
express any forni of assurancè conclusion thereon. Our responsibiltty is lo read the other inftsmiatson and. in
doing so. consider whether the other information is materially inconsistent with the finanaal statements or our
knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify
such materi81 inconsislencie5 or apparent material mi55tatements. we are required to deteTrnin8 whether this
gives rise to a material misstatement in the finanaal statements themselves. If, based on the work we have
performed, we conclude that thew is a matèrial misststemènt of this othèr infomation, WÈ arè required to report
that fact.
WÈ have nothing to report in this regard.

PARK LANE FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF PARK LANE FOUNDATION
Matt&Ys on whlch w? are required to Feport by exception
We have nothing to report in respect of the following matters in relation to which tho Charities (Accounts and
Reports) Règulation5 2008 require us lo report to you if, in DUT opinion..
the inforniation given in Ihg finan¢ial statements 1$ inconsistent in any material r8$pert with thp truslee5'
report", or
suffiuent accounting iecord5 have not bèen kèpl; Dr
the financial statements are rhot in agreement wlh the acwunting records,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of tswstees
As explained more fully in the statement of trustees. responsibilities, the trustees are responsible for th*
preparation of the financial statetnents and for being satisfied that they give 8 true and fair view. and for such
intèm31 control as the trustees delerrnine Is nece55ary lo enable the preparation of financial statements that are
free from material rnisstatement, whether due to fraud or error. In preparing the financial statements, the trustees
are responsible for assessing the charity's ability to continu8 3S 8 going concern, disdosing, as applicable,
matters related to going concern and using the going Con￿[n basis of accounting unless the tnjstees either
intend to cease operations, or have no realistic aAernative but lo do so.
Auditorfs r•sponsibllltlès for the audht of the financial Statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and rèport in accordancè with
the Act and relevant regulations made OT havit)g effect thereunder.
OUT objectives are lo obtain reasonable assurance about whether the financial statements a5 a whole are fr8e
from material misslalement. whelher due lo fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assuran￿ bLrt is not a guarantee that an audit conductèd in
accordance with ISAS IUKI will always detect a material misstatement when il exis15. fiAisstslernents can arise
from fraud or error and are considered rnaterial if. indiwdually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these finanaal statements.
Irregularities, including fraud, are instances of non-compliancè wth laws and regulations. Wè dèsign procedu￿$
in line with OLJr T8sponsibilities. outlined above, lo detect rnaterial misstatements in respect of irregularities,
induding fr8ud.
The extent to which our procedur85 ale capable of detecting irrogularities, including fraud, 15 detsiled below.

PARK LANE FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF PARK LANE FOUNDATION
Extent to which the audit was considered capable of detecting irregularlties, Includlng fraud
The responsibility for the prevention and detection of irregularities, including fraud. lies wilh the trustees and wlth
those charged with govemance. The objectivès of our audit in rèspect of irregularities and fraud 8rÈ to assess
the risk of rnaterial missl8lement of the financial 5taternents due to fraud, to obtain sufficient, appropriate audit
ewdence regarding the assessed risks and respond appropriately to fraud or suspected fraud during the audrt.
We determine Significant applicable laws and regulations through discussion with those charges with governance
and out own knowledge of the industry and design audit Pfocedures to help identrfy in5tsnces of non-compliance
wV¢h thosè laws and iegulab"¢ns that may have a material effect on the finanual stalemenls.
Or approach is to consider thè legal and regulatory frameworks direcuy applicable to the finaniyal 51alements
reporting framework IFRS102 and the Companies Act 20Q61 and the relevant tax compliance regulatsons in the
UK., the nature of the industry., the business performanea and the key drivers for management remLJnerab'on,' the
control environment and the procedures in place lo address idenb.fies risks, induding management override, non-
compliance wth laws and regulab.ons and to prevent and detect fraud or irregularity. We communicate identified
laws and regulatsons throughout our team and remain alert to any indications of no￿￿Mpliance throughout the
audit.
Our PToceduTes are designed to pro*ide reasonable assurance that the financial slatements are free from
rnalerial misstatement or error and include,. enquiries of managèment and of staff in key cornpliance funcb'ons.,
review of minutes of mèeting of those tharge5 Wtth govemance.. review and testing of manual joumals and
signtficant transactions outside the norrnal course of business., review of financial staternents disdosures and
testing to supporting documentstion., perfonrance of analytical procedures.
Vve are not responsible for preventing ￿0￿Complian￿ and due lo the inherent limitations of an audit, as
described above, the audit ¢annol be relled upon lo delect all instances of noTrcompliance wr(h laws and
regulations.
A further description of our responsibilities is available on the Financial Reporting Council's website al: https.'Il
%￿.[r¢.0rg.ukIaudrtOTsreSponSIblIItIe8. This description fomis part of our audrtor's report.
Oth•r matt•rs
Your attention is drawn to thè faci that the Chaiity has p￿pared finan¢ial stslemenls in accordance with
"Accounting and Reporting by CharttiÈs'. Statement of Recornmended Practice applicable lo charities PTeparing
their accounts In gc¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 102}" las amended) in preferencè to the Accounting and Reporting by Charibes". Statement of
Recommended PratXi¢e issued on 1 April 2005 which is referred to in the extant regulations but has now been
wlthdrawn.
This has been done in order for the finanaal statements to provide a true and fair ￿eW in accordance with
current Generally Ac£epted A¢￿Unting Practice.

PARK LANE FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED
TO THE TRUSTEES OF PARK LANE FOUNDATION
Usg of our report
This report is made solely lo the charity's trustees, as a body, in 8ccordance with part 4 of the Chanties
IAceoun15 and Reports) Regulats'ons 2008. Our audit work has been undertaken 50 that we might state to the
charitys tnjstees those matters we are required to 51ale to them in an audilors, report and for no other PUTPOSe.
To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity
8nd the thanty's trustees as a body, for our audit work. foi thi5 reporL or for the opinions we have fomied.
Susan Harris MA ACA (Senior Ststutory Auditor)
for and on b•half of Champlon Accountants LLP
27 July 2022
Chartered Accountants
ststutory Auditor
2nd Floor Refuge House
33-37 Watergate Row
Chester
CH1 2LE
Champion Accountants LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for
app(Mntmenl as audrtor of a company under section 1212 of thè Companie5 Act 2006.

PARK LANE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2021
Unrestiicted Unrestrlcted
funds
funda
2021
2020
as restated
Notss
Incorne from:
Donations and legacies
Investments
29,942
295.526
24.364
304,220
Totsl incom•
325,468
328,584
Ex
end
ture
Raising funds
43,776
46,188
Charitable activities
51,419
103,498
Totsl •xpendiluTe
95,19S
149,686
Nel gainslllossesl on investments
11
100,000
Net Income for the yearl
Net movem•nt in funds
330.273
178,898
Fund balances at 1 October 2020
3,231,020 3,052,122
Fund balances at 30 September 2021
3,561,293 3,231,020
The stslemenl of financial ath"vilies indudes all gains and losses recognised in the year.
All incomè and exp8nditure derive from ¢ontinulng actmlies.

PARK LANE FOUNDATION
BALANCE SHEET
AS AT 30 SEPTEIABER 2021
2021
2020
09 restal•d
Nots$
Flx8d assets
InveBtment properties
Current agsets
Oebtofs
Cash al bank and in hand
12
3.438,860
3.338.660
13
1.572.001
245,847
1,$72.000
35.992
1.817.848
1.607.992
Creditorg.. amount8 falllng du• 7ththln
on• year
15
11,849.3821
11,715,632)
Not current assetsl(Ilablllll•¥)
168,466
(107,840)
Totsl a¥•ots laBS cvrront114blllll
3.607,126
3.231.020
Crqdltorn: amounts falllng due aft•r
morg 1han on• yvr
(45,833)
Not
3,581293
3,231.020
Incom• fund8
Rwalualon re¥?rve
DesIgna￿d fvnds
Qenw•l unft8lricted funds
17
245.000
3,316,293
245,000
2.986,020
3,561.293
3,231.020
3,561,293
3,231.020
The finandal stalements wwe approved by the Trust••8 on £710..l/z oz i
Mr Nadeem Ahmed
Trust•e

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
Accounting polici•s
1.1 Accounting Convention
The financ4al 51alements have been Prepared in accordance with the charivs governing document, the
ChaTf(ies Act 2011 and 'Accounting and Reporting by Charitles- Ststement of Recommended Practs'ce
applicablè to ch8rities prèparing their accovnls in accordance with the Financial Reporting Standard
pplicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. The c4)anly is a Public
Benefft Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not to prepar¢ a Slalemenl of Cash Flows.
The financi81 st8tern8nls are prepared in sterling, which is the functional currency of the charty. Monetary
amounts in these finanaal statements are rounded to the nearest £.
The financial statements have been prepared undar the historical cost c4)nvention. Itnodified to include the
revaluation of freèhold properties and lo indude investment properties and certain financial instruments at
fair valuel. The prine4P81 accounting policies adopted are set out below.
1.2 Golng ¢oncem
At the time of apprtsving the financial 51atemenls, the trustees have a reasonable expèctation that the
tharity has adequ8te resources lo continue in operational existence for the foreseeable futurè. Thus the
trustees continue to adopl the going concern basis of accounting in praparing the finanual statements.
1.3 Charftable lunds
unre5tn.cled fvnds are available for use at the discretion of the Iwstees in furfherance of their charitable
Objectives.
1.4 Incom•
Voluntary income including donallons, gffts. legacie5 and grants that provide core funding or are of a
general nature is re¢ognised when the charity has entitlement to the incorne, it is probable thèt the income
will be received and the amount can be measured with suffiagnl ieliabiltty.
Donallon$ and lega¢les
Donations and legacAes are recognised on a receivable basis when receipt is probable and the amount can
be reliably measured.
Income tax recoverable in relation to donations received under Gfft Aid OT deeds of covenant is recognised
al Ihe time of the (lonation.
Investnwit In￿￿
Rental income is recognised on the accruals basis.
10-

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
A¢¢ounting poli¢les
Icontlnuedl
i.s expendltur
All expendrfcure is recognised once there is a legal or constructive obligation to that expenditure. il is
probable settlement Is required and the amount can be measured reliably. All co515 are allocated to the
applicable expenditure heading that aggregate sirnilar o)sts to that category.
Rai￿ng fvnds
These are ￿$ts incurred in 8ttra¢ting voluntary income, the management of investmènts and those
incurred in activitses that raise fund5.
Ch8At8ble actfvlfles
Charitable expenditurè comprises those costs incurred by the Charty in the delivery of its acts'vities and
services for ils benefiu8ries.
1.6 Investment proporties
Invèstment property 15 carried at fair value. dérived from the current maTkèt prices for comparable real
estate by exlemal valuers. The valuers use observable market prices. adjusted if necessary lor any
difference in the nature, location or condition of the speufic asset.
1.7 Cash and cash equivalents
Cash and cash equivalents ¢ornprfse cash on hand and ¢811 deposlls. and other short-term highly liquid
investrnenls that are readily convertible to a known amount of cash and are subject to an insignificant risk
of change in value.
1.8 Flnancial instruments
The charity has elected to apply the prowsions of Section 11 '8asic Financial Instruments, and Section 12
'Other Finanaal Instruments Issues, of FRS 102 to all of its financial instruments.
Finanrial instruments are recogni5ed in the charity'5 balance sheet when the Charity be¢omes party to the
contractual provisions of the instrument.
Financial assets and liabilrties #re off5el. with the nel amounts presented in the finanaal slalements, when
there is 3 legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to r8alise the ass8t and $￿e the liabilrty simultan8ousty-
Basle financlal assèts
Basic finanaal assets, which include debtors and cash and bank balances, are inrcially measured al
transaction pri¢e including transaction costs and are subsequently carried al amortised ctsst using the
effective inleresl method unless the arrangement constitute5 a financing transaction, where the transaction
is measured at Ihe present value of the future rècèipts discountèd at a markèt rate of intèrèst. Financial
assets dassffied as receivable within one year are not amortised.

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
Accounting policies
{Contlnuedl
Baslc Ilnanclalllabilities
Basic finanryal liabilities, including credrtofs 8nd bank loans ai8 inthally recognised al transaction price
unless the arrangernent constitute5 a financjng transaction. where the debt instrument is measured al the
present value of the )iture payments discounted at a markel rate of interest. Finanaal liabilities dassified
as pay8ble within one year aTe not amortised.
Debt instruments are subsequently carried at amoth'sed cost. using thè tffectivè intèrest rate method.
Trade creditors are obligations to pay for goods or serwces that have b¢en a¢qvired in the ordinary Course
of operations from suppliers. Amounts payable are classffied as current liabilrties if paymènt is due within
on8 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 èff¢ctive inter•st method.
Derecognltlon of flnancial liabilitiés
Financial liabilities are d818cogni5ed when the thartty's contractual obligations expire lx are discharged or
cancelled.
Critical accountlng estlmates and judgements
In the application of the charity's 8¢¢ounting policies. the trustees are required to make judgemenls.
estimates and assurnptions about the carrying amount of assets and liabilities 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 resu115 may differ from these estimates.
The estimates and undÈrfying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which ihe estimate is revised where the revision affects only that
period, or in ihe period of the revision and future P8riDd5 whe[8 thè revision affect5 both QUTt8nl and fulur
periods.
Donations and legacies
Unrestricted Unresirfcted
fvnds
funds
2021
2020
Donations and gifts
29.942
24.364
12-

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 30 SEPTEMBER 2021
Invèstmènts
Unrestricted Unrestricted
funds
fvnds
2021
2020
Rental income
Interest receivable
295,467
59
304,196
24
295,526
304.220
Rais5ng funds
Unrestricted Unrestricted
funds
funds
2021
2020
LSndf
and ubl.
Loan interest
43,776
46.188
43,776
46,188
Charitable actlvltte8
2021
2020
Grant fijnding of activities (see note n
44,104
91.633
Share of support costs (see note 81
ShaTe of governance costs Isee note 8)
4,315
3,000
8,865
3,000
51,419
103.498
Grants payabl•
2021
2020
Grants to institutions..
Other
44,104
91,633
13-

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
Grants payable
(Continued)
Ouring the course of the year the Charity made donations lo support projects In furtheranco of its ch8Titable
objectives.
The Chartty has funded local and national projects, induding donation5 of £29.176 to The Prince's TTUSI
and £3,OCM] lo Leeds Hospitals Charity.
All of the charitable grants made by the Chartty lolalling £44.104 were made to instituuons to admlnister the
projects diredy.
Support ¢osts
Support Goveman¢¢
osts
costs
2021
Support Governance
cos15
costs
2020
Insurance
Bank fees
Travel
Expenses
Sundry
191
7.460
53
595
566
3,416
3,416
7,460
53
595
566
899
899
Audit feès
3.000
3,000
3,000
3,000
4.315
3.000
7,315
8.865
3,000
11,865
Analysed belMeen
Charitable aCti￿7ties
4,315
3,000
7,315
8,865
3,000
11.865
Governanc8 costs includ8s paymènts lo th¢ auditors of £3,00012020- £3,000) for audit f¢es.
Trustees
None of the trustees lor any persons conne¢led wth them) received any remuneration or benefits from the
charity during the ye8r.
No trijstees have received any reimbursed expenses or any other benefits trom the charity during the year.
Donations made by th8 tnJstèe5 Without any conditions attathed totalled £28,728 for the year {2020
£23,232).
10 Employ••s
The average monthly number of employees during the year was..
2021
Number
2020
Number
Total
14

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
10 Employ•8s
Iconllnued)
There were no employees whose annual remuneration was more than £60,000.
11 Nèt galn*lllo*$es1 on investments
Unrgstrlctèd
funds
Totsl
2021
2020
Revaluation of investment propertle5
100,000
12 Inv¢stm•nt property
2021
Fair value
At 1 October 2020
Net gains or losses through fair v￿u￿ adjustments
3,338,660
100.000
At 30 September 2021
3.438,660
The most recent extemal valuation of the invèstmènt propÈrbes was carried out by Christie & Co in
December 2021. Previous waluations We￿ CaTried out in October 2019 by Dove Haigh Phillips LLP, March
2018 by Jones Lang Lasalle IP, Inc. and Seplember 2014 by A1150p LLP in respecl of different elements of
the property portfollo. The professional valuers are external to ihe tharty.
The carrying amount of investment pioperties would have been £1,724,454 under the historical cost
model.
The above Properties do not have any restrthons placed on them. Income generated from the properties
is used to maintain the properties and any Surplus is available to the Trustees to spend in accordance with
the Charity's objects. The propertps are held for rental under operating lease5.
13 Debtors
2021
2020
a$ r•stated
Amounts falling du• within one year-
Trade debtors
1,572,001
1,572,000
15-

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 30 SEPTEMBER 2021
14 Loan¥ and overdrafts
2021
2020
Bank loans
1,417,000
1,467.000
Payable within one year
Payable after one ye8r
1.371.167
45,833
1.467.OC4)
The charity has credit backed Heads of T•mis with a nèw ftjnder on similai term5 for five years. The
refinance is expected lo be Completed shortty after the signing of these accounts. The Current bank loan is
secured by legal tharges on the property known as Leeds Golf Centre, and on land on tha North side of
School Lane. Wike.
15 Credltors: amounts falllng du• wlthln one year
1021
2020
Not•s
Bank loans
other creditors
Accw815 and deferred income
14
1,371,167
261,374
16,841
1.467,000
235,357
13,275
1,649.382
1,715.632
16 CredltorJ: amounts falllng due aftew more than one year
2021
2020
Notss
Bank loans
14
45,833

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
17 Deslgnatsd fund$
The income funds of the charity indude the following designated funds which havè been set asid8 out of
unrestTlCtgd funds by Ihe trustees lor speofic purposos..
Movement
in funds
Incornlng
8alan¢e •t
rMourH•l Ortobgf 2020
Movémènt
in funds
Incornlrhq
Balan¢e it
regour¢•s 30 September
2021
Balan￿ at
1 October 2019
Designated funds
Revaluation reserve
180,000
65,000
180,QIYJ
65,QIJO
180,000
e5,000
245,000
245,000
245,000
The designated fund is held for the purpose of allovlng the charty to conts'nue holding a rèntal investment
property on Burfey Road in Leeds.
18 Analysis of net ass¢ts botw¢¢n lunds
Unrestricted Unrestricted
funds
funds
2021
2020
as restated
Fund balances at 30 September 2021 are represented by..
Investment properties
Current assetsllliabilitiesl
Long tèrm liabilities
3.438,66Q 3,338,660
168,46e
1107,6401
145,e331
3.561.293 3,231,020
17-

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
19 Related party transaclSons
During the year. the Gharity received management seNces from Parklane UK Investment Lirnited, a
business owned by of the Truslo9s. Th8 Charity was not charged for these seThices as the cost of
these seNices was insignrficant.
During the y8ar, th8 Charity recefved donations from the trustees, without any conditions attached,
amounting to £28.72812020- £23.2321.
At 30 Sepl8mber 2021. £261,374 {2020 - £235,357) was owed lo Park Lane Properties ILeedsl Limited, a
company in which the Trustees of the Charity are directors and shareholders.
For the year ended 30 September 2021. rental income of £280,000 12020 - £280,000) was charged lo
Leeds Golf Leisure LLP, a partnership in which ihe Trustees of the Charity are members, for usè Df the golf
COUT5e and premises at Wike Ridge Lane, shath￿e1I. Leeds.
At 30 September 2021 £1.572,OCQ {2020.' £1,572,000) was due to Park Lane Foundation from Leeds Go
Lelsure LLP.
The trustees are conSide￿d lo be the Charfjty's ￿ntrollIng party.
20 Prior p•riod adjustment
Induded in the balance du• from Leeds GOW Lei$ure LLP of £2.443,243, was an amount of £871.243,
which was identffied during thè year as bèing an incorrect, hislorical accounting adiustmenl. Due to the
significance of the amount, thi5 has been ¢x)rTected as a prior period adjustment. The adjustments required
to opening balances reported in previous years are set out below.
Changes to the batance sh￿t
At 30 September 2019
As previousty
Adjustment
roported
AS restated
Current a$s9ts
Debtors due within one year
2,295.243
1871,243)
1,424,000
Capital funds
Income funds
Unrestricted fiJnd$
3,923.363
1871,2431
3,052,122
Total equlty
3,923,363
1871.2431
3,052,122
18-

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
20 Prior period adjustment
{Continuedl
At 30 Septembor 2019
As prèvlousty Adlustm¢rnt
reported
As re8tats
Changes to tho proflt and lo$$ a¢count
P•rlod •ndèd 30 S•ptsmb•r 2019
As prevlou$ty
Adlu8trnent
A• rostatsd
eported
Amounts written off
871,243
871.243
Nat movÉmÈnt in funds
215,988
1871,2431
1655,255}