Charity registration number 1101559 (England and Wales)
PARK LANE FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

PARK LANE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Nadeem Ahmed
Mr Naveen Ahmed
Mr NazirAhmed
Mr Sameer Ahmed
Charity number (England and Wales)
1101559
Auditor
Champion Accountants LLP
2nd Floor Refvge House
33-37 Watergate Row
Chester
CH1 2LE

PARK LANE FOUNDATION
CONTENTS
Page
Trustees, report
Statement of trustees. responsibilities
Independent auditorfs report
Statement of financial activities
Balance sheet
Notes to the financial statements
9-16

PARK LANE FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees present their annual report and financial statements for the year ended 30 September 2024.
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 charity's goveming document, the Charities Act 2011 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 IFRS 102)
(effective 1 January 2019)"
Objectives and activities
The Charity's objects are to apply the income and all or such part or parts of the capital at such time or times and
in such manner to or for the benefit of, such exclusively charitable objects and purposes in any part of the world
as the trustees shall think fit {the 'objects') and there has been no change in these during the year. The
awareness of the charity and its activities has continued to grow during the year.
Public benefit
The trustees confirm that they have complied wth the requirements 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.
Financial review
The investment properties continue to generate income for the Charity and assist in the general running of the
organisation.
The trustees maintain a financial management policy in that income from the investment propety covers the day
to day running costs of the Charity. Any other expended resources must by covered by sufficient incoming
resources.
There was net income over expendrture of £31.841 deficit (2023.. £218.039 surplus).
The rental income represents the annual amount of £280,000 {2023'. £280,000) due from Leeds Golf Leisure LLP
and £27,534 {2023'. £13,131) in rent from other investment propety.
Policy on reserves
The trustees aim to maintain free reserves in unrestricted funds at a level equivalent to three months of overhead
costs (approximately £12,500). The balance of total unrestricted funds at 30 September 2024 was £3,892,037
(2023.. £3,923.878).
After deducting investment properties of £3,438,660 (including designated funds of £245,000) the surplus on
unrestricted reserves of £453,377 is therefore above the target level. The trustees expect this surplus to be
utilised by undertaking additional charitable activities in the Coming years.
The designated funds are held for the purpose of allowing the charity to continue holding a rental investment
property on Burley Road in Leeds.
Plans for the future
As trustees we recognise the pivotal role that fundraising plays in sustaining and advancing our mission. Looking
ahead, we are committed to implementing inib'atives to diversify and enhance our fundraising efforts, to continue
supporting our partner charities.
During the course of the next financial year, we aim to increase charitable donations through building on
successful initiatives established in 2024 while broadening our revenue streams by exploring new fundraising
avenues, including a customer donation scheme linked to our Roomzzz hotel busines5, a fundraising campaign
with our charity of the year partners and staff challenge events.
The Trustees have identified the theme of addiction and mental health as our chosen cause for the next year and
our selected charity partners for the year will be Young Minds,. Getting Clean,. and Recovery Runners. We will
continue to support other good causes through smaller donations and in-kind support through different facets of
our business.

PARK LANE FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Structure, governance and management
Nature of goveming document
The Charity was established by a charitable trust deed dated 20 August 2003 and is a registered Charity, number
1101559, with the Charity Commission in England & Wales.
The trustees who served during the year and up to the date of signature of the financial statements were..
Mr Nadeem Ahmed
Mr Naveen Ahmed
Mr NazirAhmed
Mr SameerAhmed
Recruitment and appointment of trustees
Trustees are appointed by the board of Trustees and seNe for 3 years after which period they may put
themselves forward for re-appointment. The first trustees are entitled to hold office for life.
The trustees are not currently recruiting and therefore have no specific recruitment policies in place, When the
Charity requires additional trustees, the existing trustees will implement a policy of recruitment and training which
best serves the objects of the Charity.
Details of relevant related party transactions are disclosed in note 19 to the financial statements. The trustees
have assessed the major risks to which the charity is exposed. and are satisfied that adequate systems are in
place to mitigate exposure to the major risks.
Financial instruments
Objectives and policies
The Charity's activities expose it to a number of financial risks induding credit risk. cash flow risk and liquidity
risk. The use of financial derivatives is governed by the Charity's F)olicies approved by the board of trustees,
which provide written principles on the use of financial derivatives to manage these risks. The Charity does not
use derivative financial instruments for speculative purposes.
Credit risk
The Charity's principal finanaal assets are bank balances. cash and trade debtors.
The Charity's credit risk is primarily attributable to its trade debtors. The amounts presented in the balance sheet
are net of allowances for doubtful debts. An allowance is made where there is eviden￿ of a reduction in the
recoverability of the asset.
The Charity has a concentration of credit risk inasmuch as its primary asset is let under an operating lease to a
single tenant. The trustees monitor this risk thanks to their dose involvement in the operations and finances of
the tenant.
Liquidity risk
In order to maintain liquidity to ensure that sufficient fijnds are available for ongoing operations and future
developments. the Charity uses a mixture of long-temi and short-term debt finance.
Th trust
s, report was approved by the
ard of Trustees.
Mr Nade
Trustee
Dated: ..
m Ahmed
toq<

PARK LANE FOUNDATION
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees are responsible for preparing the Trustees, Report and the financial statements in accordan￿ with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each
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 preparing these financial statements, the trustees are required to=
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial statements., and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity
11 continue in operation.
The trustees are responsible for keeping sufficient accounting records that disdose with reasonable accuracy at any
time the financial position of the charity and enable them lo ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the charity and hence for taking 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
Opinion
We have audited the financial statements of Park Lane Foundats-on (the 'charity'l for the year ended 30 September
2024 which comprise the statement of finanaal activities. the balance sheet and notes to the financial statements.
including significant accounting policies. The financial reporling framework that has been applied in their preparation
is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Standard 102 The
Financial Reporting Standard applicable in the UK and Republic of I￿land (United Kingdom Generally Accepted
Accounting Practice).
In our opinion, the financial statements-
give a true and fair view of the state of the charity's affairs as at 30 September 2024 and of its incoming
resources and application of 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 Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS IUK)} and applicable
law. Our responsibilities under those standards are further described in the Auditors responsibilities ft)r the audit of
the financial statements section of our report. We are independent of the charity in accordance with 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is suffiaent and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have conduded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a going
concem for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees wth respect to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the infomiation included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other infomiation contained within the annual
report. Our opinion on the financial statements does not cover the other infomiation and we do not express any form
of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent wth the financial statements or our knowledge obtained in
the course of the audit, or otherwise appears to be materially misststed. If we identify such material inconsistencies
or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement
in the financial statements themselves. If, based on the work we have performed. we conclude that there is a
material misststement of this other infomiation, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are reqUI￿d to ￿port by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports} Regulations 2008 requires us to report to you if, in our opinion=
the information given in the financial statements is inconsistent in any material respect with the trustees,
report., or
sufficient accounting records have not been kept: or
the financial statements are not in agreement with the accounting records., or
we have not received all the infom)ation and explanations we require for our audit.

PARK LANE FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF PARK LANE FOUNDATION
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities. the trustees are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as
the trustees determine is ne￿SSary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for
assessing the charity's ability to continue as a going concem. disclosing, as applicable, matters related to going
concern and using the going cOn￿M basis of accounting unless the trustees either intend to cease operations, or
have no realistic altemative but to do so.
Auditorfs responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and lo issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
th ISAS (UK} will always detect a material misstatement vthen it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including
fraud.
The extent to which our procedures are capable of detecting i￿egUlar1ties. induding fraud. is detailed below.
Extent to which the audit was considered capable of detecting irregularities. including fraud
The responsibility for the prevention and detection of irregularities, including fraud, lies with the trustees and with
those charged with governance. The objectives of our audit in respect of irregularities and fraud are to assess the
risk of material misstatement of the financial ststements due to fraud. to obtain sufficient, appropriate audit evidence
regarding the assessed risks and respond appropriately to fraud or suspected fraud during the audit.
We determine significant applicable laws and regulations through discussion with those charges with governance
and out own knowledge of the industry and design audit procedures to help identify instances of non-compliance
th those laws and regulations that may have a material effect on the financial statements.
Or approach is to consider the legal and regulatory frameworks directly applicable to the financial statements
reporting framework (FRS102 and the Charities Act) and the relevant tax compliance regulations in the UK- the
nature of the charity- the control environment and the procedures in place to address identifies risks, including
management override, non-complian￿ with laws and regulations and to prevent and detect fraud or irregularity. We
communicate identified laws and regulations throughout our team and remain alert to any indications of non-
Complian￿ throughout the audit.
Our procedures are designed to provide reasonable assuran￿ that the financial statements are free from material
misstatement or error and indude.. enquiries of management and of staff in key compliance ￿nctions. review of
minutes of meeting of those charges wth govemance- review and testing of manual joumals and significant
transactions outside the normal COLbrse of business,. review of financial statements disclosures and testing to
supporting documentation,. perfomiance of analytical procedures.
We are not responsible for preventing non-compliance and due to the inherent limitations of an audit, as described
above, the audit cannot be relied upon to detect all instances of non-compliance with laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https=Il
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.

PARK LANE FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF PARK LANE FOUNDATION
Use of our report
This report is made solely to the charity's trustees. as a body. in accordance with Part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees
those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's
trustees as a body, for our audit work, for this report. or for the opinions we have fomied.
Susan Harris MA ACA (Senior Statutory Auditor)
For and on behalf of Champion Accountants LLP. Statutory Auditor
Chartered Accountants
2nd Floor Refuge House
33-37 Watergate Row
Chester
CH12LE
Date= .30 July. 2025
Champion Accountants LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the CompaniesAct 2006.

PARK LANE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Unrestricted
funds
2024
Unrestricted
funds
2023
Notes
Income from:
Donations and legacies
Investments
152,323
307,534
146,016
297,084
Total income
459,857
443,100
Expenditure on:
Raising funds
Charitable activities
109,224
382,474
106,580
118,481
Total expenditure
491,698
225,061
Net incomel(expenditure) and movement in funds
(31,841)
218,039
Reconciliation of fund5:
Fund balances at 1 October 2023
3,923,878
3,705,839
Fund balances at 30 September 2024
3,892,037
3,923,878
The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

PARK LANE FOUNDATION
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
2024
2023
Notes
Fixed assets
Investment property
12
3,438.660
3,438,660
Current assets
Debtors
Cash at bank and in hand
13
1.249.149
609,742
1,246,420
468,018
1,858,891
1,714,438
Creditors: amounts falling due within
one year
15
(147,576)
(97,376)
Net current assets
1,711.315
1,617,062
Total assets less current liabilities
5,149.975
5,055.722
Creditors: amounts falling due after
more than one year
16
(1,257,938)
{1,131,844)
Net assets
3,892,037
3,923,878
The funds of the charity
Unrestricted funds
17
3,892.037
3,923.878
3,892,037
3,923,878
The financial statements were approved by the trustees on ..
Mr Nadeem Ahmed
Trustee

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting policies
1.1 Accounting convention
The financial statements have been prepared in accordan￿ with the charrty's governing document. the
Charities Act 2011 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)" 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 applying FRS 102 Update Bulletin
1 not lo 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, modified to include
investment properties at fair value. The principal accounting policies 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 concem 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 their charitable
objectives.
1.4 Income
Voluntary income including donations. gifts, legacies and grants that provide core funding or are of a general
nature is recognised when the charity has entitlement to the income, it is probable that the income will be
received and the amount can be measured wth sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis vthen receipt is probable and the amount can be
reliably measured.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at
the time of the donation.
Investment income
Rental income is recognised on the accruals basis.
1.5 Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. Al Costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in
activities that raise funds.

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting policies
{Continued)
Charitable activities
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and
services for its beneficiaries.
1.6 Investment properties
Investment propety is carried at fair value. derived from the current market pri￿S for comparable real estate
by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the
nature, location or condition of the specific asset.
1.7 Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
1.8 Financial 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 balan￿ 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.
Basic financial assets
Basic financial assets, which indude 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 al 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 dassified 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.
10-

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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 carying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experien￿ 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 vthere the revision affects both current and future
periods.
Critical judgements
Investment properties
Investment properties are stated at fair value at the balance sheet date. The fair value is based on
professional valuation, or book value, if not materially different. Further details can be found in note 12.
Income from donations and legacies
2024
2023
Donations and gifts
152,323
146,016
Income from investments
2024
2023
Rental income
Interest receivable
307,534
293.131
3,953
307,534
297,084
Expenditure on charitable activities
2024
2023
Grant funding of activities (see note 6)
338,571
47,996
Share of support costs (see note 8)
Share of governance costs (see note 8)
39,503
4,400
65,525
4,960
382,474
118,481
11

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Grants payable
2024
2023
Grants lo institutions..
other
338,571
47,996
During the course of the year the Charity made donations to support projects in furtherance of its charitable
objectives.
The Charity has funded local and national projects. including donations of £20,000 to Leeds Hospitals Charity,
Alzheimer's Society and Dementia UK.
The Charity also awarded a 5 year grant, totalling £250,000 in the year to be used for a specific project. The
name has not been disclosed in order to protect recipient confidentiality.
All of the charitable grants made by the Charity totaling £338,571 were made to institutions to administer the
projects directly.
Expenditure on raising funds
2024
2023
Other fundraising costs
109,224
106,580
Support costs allocated to activities
Year ended
2024
Total
2023
Insurance
Bank fees
Sundry
Legal and professional
Governan
8,000
137
31,066
300
4,400
5,545
614
30,387
28,979
4,960
43.903
70.485
2024
2023
Governance costs comprise:
Audit fees
4,400
4,960
4,400
4,960
12-

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl{crediting)'.
Fees payable for the audit of the charity's ffinancial statements
4.400
4.960
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Donations made by the trustees without any conditions attached totalled £23,426 for the year (2023 - £4,324).
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
12 Investment property
2024
Fair value
At 1 October 2023 and 30 September 2024
3,438.660
The most recent external valuation of the investment properties was carried out by Christie & Co in December
2021. Previous valuations were carried out in October 2019 by Dove Haigh Phillips LLP, March 2018 by
Jones Lang Lasalle IP, Inc. and September 2014 by Allsop LLP in respect of different elements of the properly
portfolio. The professional valuers are extemal to the charity.
The carying amount of investment properties would have been £1,724,454 under the historical cost model.
The above properties do not have any restrictions 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 properties are held for rental under operating leases.
It is our view as trustees that the golf club current (and as at 30 September 2024} market valuation is not
materially different from the book value. This is based on trading being materially the same as when it was
last externally valued and we believe that valuation yields have not materially shifted.
13 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
1,246,420
2,729
1,246,420
1.249,149
1,246.420
13-

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
14 Loans and overdrafts
2024
2023
Bank loans
1,201.314
1,225.220
Payable within one year
Payable after one year
93,376
1,107,938
93,376
1,131,844
In December 2022 the charity finalised a 5 year fijnding facility with Metro Bank for £1.2m. Interest is charged
at a variable rate, based on the Bank of England base rate. and the loan is secured by legal charges on the
property known as Leeds Golf Centre, and on land on the North side of School Lane, Wike.
15 Creditors: amounts falling due within one year
2024
2023
Notes
Bank loans
Other creditors
Accruals and deferred income
14
93.376
50.000
4.200
93.376
4.000
147,576
97,376
During the year, the charity has committed to providing a 5 year unconditional grant to a national organisation.
A commitment has been recorded in the financial statements within other creditors falling due within one year
of £50,000. Each year the commitment unwinds as the grant is paid.
16 Creditors: amounts falling due after more than one year
2024
2023
Notes
Bank loans
Other creditors
14
1,107,938
150,000
1,131,844
1,257.938
1,131.844
During the year, the charity has committed to providing a 5 year unconditional grant to a national organisation.
A commitment has been recorded in the financial statements within other creditors falling due after more than
one year of £150.000. Each year the commitment unwinds as the grant is paid.
14-

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
17 Designated funds
The income funds of the charity include the following designated funds which have been set aside out of
unrestricted funds by the trustees for specific purposes..
Movement
in funds
Incoming
Balance at
resources1 October 2023
Movement
in funds
Incoming
Balance at
resources 30 September
2024
Balance at
1 October 2022
Designated funds
Revaluation reserve
180,000
65,000
180,000
65.000
180.000
65.000
245,000
245,000
245.000
The designated fund is held for the purpose of allowing the charity to continue holding a rental investment
propety on Burley Road in Leeds.
18 Analysis of net assets between funds
Unrestricted
funds
2024
At 30 September 2024:
Investment properties
Current assetsl{liabilities)
Long term liabilities
3,438,660
1,711,315
(1,257,938)
3,892.037
Unrestricted
funds
2023
At 30 September 2023:
Investment properties
Current assetsl{liabilities)
Long term liabilities
3,438.660
1,617.062
(1,131.844)
3,923,878
15-

PARK LANE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
19 Related party transactions
During the year, the Charity received donations from the trustees, wff(hout any conditions attached, amounting
to £23,426 (2023 - £4,324).
For the year ended 30 September 2024, rental income of £280,000 {2023 - £280,000) was charged to Leeds
Golf Leisure LLP, a partnership in which the Trustees of the Charity are members, for use of the golf course
and premises at Wike Ridge Lane, Shadwell. Leeds.
At 30 September 2024 £1,246,420 (2023: £1,246,420) was due to Park Lane Foundation from Leeds Golf
Leisure LLP.
The trustees are considered to be the Charitys controlling paty.
16-