Registered number: 5906292 Charity number: 1115947 

LARK IN THE PARK (COMMUNITY PROJECTS) (A company limited by guarantee) 

## UNAUDITED 

TRUSTEES' REPORT AND FINANCIAL STATEMENTS 

FOR THE YEAR ENDED 31 MARCH 2024 



LARK IN THE **PARK** (COMMUNITY PROJECTS) (A company limited by guarantee) 

## CONTENTS 

||Page|
|---|---|
|Reference and administrative details of the Company, Its Trustees and advisers|1|
|Trustees' report|2 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7 - 8|
|Notes to the financial statements|9 - 15|





## LARK IN THE PARK (COMMUNITY PROJECTS) 

(A company limited by guarantee) 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024** 

**Trustees** Mr R B Maxim Mr A R Sharratt Mrs O O Smart-Babalola Mr P Smith **Company registered number** 5906292 **Charity registered number** 1115947 **Registered offlce** New Generation Centre Birkbeck Road Sidcup Kent DA14 4DJ **Company secretary** NM Rogers **Accountants** Tax Assist Incorporated Financial Accountants 133 Station Road Sidcup Kent DA15 7AA **Bankers** Lloyds Bank 12 Sydenham Road London SE'26 5OD 

## **Trustees** 

Page 1 



## **LARK IN THE PARK (COMMUNITY PROJECTS)** 

## **(A company limited by guarantee)** 

## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024** 

The Trustees present their annual report together with the financial statements for the 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. 

## **Objectives and activities** 

## **a. Activities undertaken to achieve objectives** 

The current primary activity is the running of an annual community project during the school summer holidays. This includes the involvement of over 100 volunteers and several churches and local organisations. The event involves activities for all age groups within the local community. 

## **b. Volunteers** 

The company is grateful for the unstinting efforts of its volunteers who are involved in service provision, event organisation and fundraising. 

## **Achievements and performance** 

## **a. Investment policy and performance** 

The charity currently holds no investments. 

## **Financial review** 

## **a. Going concern** 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 

## **b. Reserves policy** 

The Trustees review the level of reserves throughout the year and endeavour to ensure that there is sufficient working capital to cover any unexpected emergencies. 

## **c. Financial Review** 

As at 31 March 2023.the trust had unrestricted funds of £12,162 (2023:£18,357) available. These funds **will** be carried forward and, hopefully, be used for an event in the summer of 2024. 

Page 2 



## **LARK IN THE PARK (COMMUNITY PROJECTS)** 

## **(A company limited by guarantee)** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024** 

## **Structure, governance and management** 

## **a. Constitution** 

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 15/8/2006 

The charity's object and its principal activity during the year under review is to provide, or to assist in the provision of, facilities for the recreation, or other leisure time occupations of persons who have need of such facilities by reason of their youth, with the object of improving their quality of life. 

## **b. Methods of appointment or election of Trustees** 

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. 

## **c. Related party relationships** 

During the charity's main summer event it works with several local church's and charities. 

## **Members' liability** 

The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up. 

## **Statement of Trustees' responsibilities** 

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles of the Charities SORP (FRS 102); 

- make judgments and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Page 3 



## **LARK IN THE PARK (COMMUNITY PROJECTS)** 

**(A company limited by guarantee)** 

**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024** 

Approved by order of the members of the board of Trustees on 31 December 2024 and signed on their behalf by: 

R B Maxim Trustee 

Page 4 



## **LARK IN THE PARK (COMMUNITY PROJECTS)** 

**(A company limited by guarantee)** 

## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024** 

## **Independent examiner's report to the Trustees of Lark in the Park (Community Projects) ('the Company')** 

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2024. 

## **Responsibilities and basis of report** 

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act') 

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

## **Independent examiner's statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recomme_nded Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. 

I have no concerns and _have come _across no other matters in connection with the examination to which attention should be drawn 1n this report In order to enable a proper understanding of the accounts to be reached. 

This report 1s made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest elcte t perrrntted by I:aw, I do not :accept or assumo responsibility to anyone other than the Company and the Company s Trustees as a body, for my work or for this report. 

Signed: 

Dated: 21 December 2024 

P Rodgers 

FFA 

Page 5 



## **LARK IN THE PARK (COMMUNITY PROJECTS)** 

## **(A company llmited by guarantee)** 

## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)** FOR THE **YEAR ENDED 31 MARCH 2024** 

|**Note**<br>**Income from:**<br>Donations and legacies<br>3<br>Other trading activities<br>4<br>**Total income**<br>**Expenditure on:**<br>Charitable activities<br>**Total expenditure**<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>Net movement in funds<br>**Total funds carried forward**|**Unrestricted**<br>**funds**<br>**2024**<br>£<br>**28,114**<br>**4,612**|**Total**<br>**funds**<br>**2024**<br>£<br>**28,114**<br>**4,612**|<br>_Total_<br>_funds_<br> <br>_2023_<br>£<br>_14,275_<br>_7,830_<br>_22,105_<br>_27,791_<br>_27,791_<br>_(5,686)_<br>_24,043_<br> <br>_(5,686)_<br>18_,357_|
|---|---|---|---|
||**32,726**|**32,726**||
||**38,921**|**38,921**||
||**38,921**|**38,921**||
||**(6,195)**<br>**18,357**<br>**(6,195)**<br>**12,162**|<br>**(6,195)**<br>**18,357**<br> <br>**(6,195)**<br>**12,162**||



The Statement of financial activities includes all gains and losses recognised in the year. 

The notes on pages 9 to 15 form part of these financial statements. 

Page 6 



## **LARK IN THE PARK (COMMUNITY PROJECTS)** 

## **(A company limited by guarantee) REGISTERED NUMBER: 5906292** 

## **BALANCE SHEET AS AT 31 MARCH 2023** 

|**Fixed assets**<br>**Note**<br>Tangible assets<br>8<br>**Current assets**<br>Debtors<br>9<br>Cash at bank and in hand<br>Creditors: amounts falling due within one<br>year<br>10<br>**Not current assets**<br>**Total assets less current liabilities**<br>**Net assets excluding pension asset**<br>**Total net assets**<br>**Charity funds**<br>Restricted funds<br>11<br>Unrestricted funds<br>11<br>**Total funds**|**-**<br>12,162<br>12,162<br>**-**||**2024**<br>£<br>-|||_2023_<br>£<br>697<br>697<br>4_,704_<br>_13,129_<br>17_,833_<br>17_,660_|
|---|---|---|---|---|---|---|
||||**-**<br>12.162||||
|||||_(173)_|||
||||||||
||||12,162|||18,357|
||||12,162|||18,357|
||||12,162<br>**12,162**<br>**12,162**|||18,357|
|||||||18,357|
|||||||18,357|



The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. 

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. 

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

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. 

Page,7: 



LARK IN THE PARK (COMMUNITY PROJECTS)
Page 8

## **LARK IN THE PARK (COMMUNITY PROJECTS) (A company limited by guarantee) REGISTERED NUMBER: 5906292** 

**BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023** 

The financial statements were approved and authorised for issue by the Trustees on 31 December 2024 and 

The notes on pages 9 to 15 form part of these financial statements. 

Page 8 



## **LARK IN THE PARK (COMMUNITY PROJECTS)** 

## **(A company limited by guarantee)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **1. General infonnation** 

Lark in the Park (Community Projects) is a charity set to facilitate the running of an annual community project during the school summer holidays, principally in the London Borough of Bexley. 

## **2. Accounting policies** 

## **2.1 Basis of preparation of financial statements** 

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

Lark in the Park (Community Projects) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

## **2.2 Income** 

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

## **2.3 Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. 

All expenditure is inclusive of irrecoverable VAT. 

## **2.4 Tangible fixed assets and depreciation** 

Tangible fil<ed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated deprec1at1on and any accumulated Impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. 

Page 9 



## **LARK IN THE PARK (COMMUNITY PROJECTS)** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **2. Accounting policies (continued)** 

## **2.4 Tangible fixed assets and depreciation (continued)** 

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, . 

Depreciation is provided on the following basis: 

Plant and machinery 25% Reducing balance basis 

## **2.5 Debtors** 

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **2.6 Cash at bank and in hand** 

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **2.7 Liabilities and provisions** 

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. 

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 

## **2.8 Flnanclal Instruments** 

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

## **2.9 Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. 

Page 10 



## LARK IN THE **PARK** (COMMUNITY PROJECTS) 

(A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

## **3. Income from donations and legacies** 

Donations _Total 2023_ 

**Unrestricted funds 2024** £ 28,114 _28,114_ 

## **4. Income from other trading activities** 

## **Income from fundralsing events** 

||**Unrestricted**|
|---|---|
||**funds**|
||**2024**|
||£|
|Catering|2,095|
|Event Income|-|
|Tax Recoverable|2,517|
|Sale of Fixed Assets|-|
|**Total 2023**|4,612|
|_Total_2023|_4,612_|



## **5, Analysis of expenditure by activities** 

|Direct costs<br>_Total 2022_|**Activities**<br>**undertaken**<br>**directly**<br>**2024**<br>£<br>**Support**<br>**costs**<br>**2024**<br>£<br>31,740<br>7,181|_funds_<br>**Total**<br>**funds**<br>**2024**<br>£<br>_Total_<br>_2022_<br>£<br>**38,921**<br>_27,791_|
|---|---|---|
|||_38,921_|
||_31,740_<br>_7,181_||



Page 11 



## **LARK IN THE PARK (COMMUNITY PROJECTS)** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **5. Analysis of expenditure by activities (continued)** 

## **Analysis of direct costs** 

|**Activities**<br>**2024**<br>£<br>Event Costs<br>16,076<br>Site Costs<br>8,320<br>Catering Costs<br>344<br>Gifts and Donations<br>7,000<br>**Total 2024**<br>31,740<br>_Total 2023_<br>_20,739_<br>**Analysis of support costs**<br>**Activities**<br>**2024**<br>£<br>Depreciation<br>Motor and Travelling Expenses<br>Insurances<br>General Office Costs<br>Subscriptions and Advertising<br>Repairs and Maintenance<br>Legal and Professional fees<br>250<br>**Total 2024**<br>7,181<br>_Total 2023_<br>_7,052_<br>697<br>698<br>2,184<br>3,006<br>204<br>142|**Total**<br>**funds**<br>**2024**<br>£<br>**16,076**<br>**8,320**<br>**344**<br>**7,000**|_Total_<br>_funds_<br>_2023_<br>£<br>_4,360_<br>_8,344_<br>_7,355_<br>_680_|
|---|---|---|
||**31,740**|_20,739_|
|||_Total_<br>_funds_<br>_2023_<br>£<br>_547_<br>32<br>_1,714_<br>_1,272_<br>_2,454_<br>_468_<br>_365_|
||20,739||
||**Total**<br>**funds**<br>**2024**<br>£<br>**250**<br>**697**<br>2<br>**698**<br>**2,184**<br>**3,006**<br>**204**<br>**142**||
||**7,181**|_7,052_|
||||
||_7,052_||



## **6. Independent examiner's remuneration** 

Page 12 



## LARK IN THE **PARK** (COMMUNITY PROJECTS) 

## **(A** company llmited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS FOR THE VEAR ENDED 31 MARCH 2024 

## **7. Trustees' remuneration and expenses** 

During the year, no Trustees received any remuneration or other benefits ( _2023_ - _£NIL)._ 

During the year ended 31 March 2024, no Trustee expenses have been Incurred _(2024_ - _£NIL)._ 

## **8. Tangible fixed assets** 

|**Cost or valuation**<br>At 1 April 2023<br>At 31 March 2024<br>**Depreciation**<br>At 1 April 2023<br>Charge for the year<br>At 31 March 2024<br>**Net book value**<br>At 31 March 2024<br>_At 31 March_2023<br>**Debtors**<br>**Due within one year**<br>Other debtors<br>Tax recoverable|**Plant and**<br>**machinery**<br>£<br>**697**<br>**-**<br>**697**<br>**697**<br>**-**<br>**-**<br>697<br>**2024**<br>2023<br>£<br>£<br>**-**<br>**180**<br>**-**<br>**4**_,524_<br>**-**<br>**4**_,704_|
|---|---|



## **9. Debtors** 

Page 13 



## LARK IN THE **PARK** (COMMUNITY PROJECTS) 

**(A** company limited by guarantee) 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

## 10. Creditors: Amounts falling due within one year (continued) 

||2024|_2023_|
|---|---|---|
||£|£|
||£|£|
|Accruals and deferred incomeo|-|_173_|



11. Statement of funds 

Statement of funds • current year 

|||||Balance at|
|---|---|---|---|---|
||Balance at 1|||31 March|
||April 2023|Income|Expenditure|2024|
||£|£|£|£|
|Unrestricted funds|||||
|General Funds|18,357|32,726|(38,921)|12,162|
|Statement of funds - prior year|||||
|||||_Balance at_|
||_Balance at_|||_31 March_|
||_1 April 2022_|_Income_|_E:xpenditure_|_2023_|
||£|£|£|£|
|Unrestricted funds|||||
|General Funds|_24,043_|_22,106_|_(27,791)_|_18,357_|



## 12. Summary of funds 

Summary of funds - current year 

General funds 

||||Balance at|
|---|---|---|---|
|Balance at 1|||31 March|
|April 2023|Income|Expenditure|2024|
|£|£|£|£|
|18,357|32,726|(38,921)|12,162|



Page 14 



## LARK IN THE PARK (COMMUNITY PROJECTS) 

## (A company limlted by guarantee) 

## **NOTES** TO THE **FINANCIAL STATEMENTS** FOR THE **YEAR ENDED 31 MARCH 2024** 

## **12. Summary of funds (continued)** 

**Summary of funds** • **prior year** 

## General funds 

|||||_Balance at_|
|---|---|---|---|---|
||_Balance at_|||_31 March_|
|_1_|_April 2022_|_Income_|_Expenditure_|_2023_|
||£|£|£|£|
||_24,043_|_22,106_|_(27,791)_|_18,357_|



## **13. Analysis of net assets between funds** 

## **Analysis of net assets between funds** - **current year** 

|**Unr@ctrlct@d**<br>**funds**<br>**2024**<br>£<br>Tangible fixed assets<br>-<br>Current assets<br>12,162<br>Creditors due within one year<br>-<br>**Total**<br>12,162|**Total**<br>**funds**<br>**2024**<br>£<br>**-**<br>**12,162**<br>**-**|
|---|---|
||**12,162**|



## **Total** 

## **Analysis of net assets between funds** - **prior year** 

|_Unrestricted_<br>_funds_<br>_2023_<br>£<br>Tangible fi ed aosets<br>697<br>Current assets<br>_17,833_<br>Creditors due within one year<br>_(173)_<br>**Total**<br>_18,357_|_Total_<br>_funds_<br>_2023_<br>£<br>697<br>_17,833_<br>_(173)_|
|---|---|
||_18,357_|



Page 15