Registered number: 05101447
THE PARK CENTRE (KINGSWOOD) DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
Raymarsh Ford Limited Chartered Accountants 41 High Street Kingswood Bristol BS15 4AA
The Park Centre (Kingswood) Contents
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 2—3 |
| Accountant's Report | 4 |
| Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7—8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 9—10 |
The Park Centre (Kingswood) Company Information For The Year Ended 30 April 2024
| Directors | Mr Les Blakeman |
|---|---|
| Michael Lime | |
| Pamela Marshall | |
| Company Number | 05101447 |
| Registered Office | The Park Centre Kingswood High Street |
| Kingswood | |
| Bristol | |
| BS15 4AR | |
| Accountants | Raymarsh Ford Limited |
| Chartered Accountants | |
| 41 High Street | |
| Kingswood | |
| Bristol | |
| BS15 4AA |
Page 1
The Park Centre (Kingswood) Company No. 05101447 Directors' Report For The Year Ended 30 April 2024
The directors present their report and the financial statements for the year ended 30 April 2024.
Review of the Business
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2021. The trustees have adopted the provisions of 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 2015).
ACHIEVEMENT AND PERFORMANCE
The Park Centre is primarily run as a venue for hire for individuals, clubs, agencies and organisations which provide activities, opportunities, support, counselling, and services to the community. These also cover education and training, social and recreational and health and aim to maximize the Centre's facilities and resources. The Park Centre has been managed and maintained by a voluntary Management Committee and supported by a small team of paid workers since 2005. One of our aims is to help improve the quality of life for the people of Kingswood and the surrounding areas. The centre was established at the request of the local community, to provide a means of bringing people together to share and develop common interests.
Our aim is to strengthen the community of Kingswood ensuring that people of all races and backgrounds are valued and participate on equal terms within the centre's activities thereby building a fair, prosperous and cohesive community in which everyone has a stake. We aim to promote the development of the voluntary and community sector and encourage people to become actively involved. Activities and events are designed to target, and provide for, people in the community who may be isolated due to disability, race, age, parental responsibilities or language barriers. This is a requirement of local residents as the area has high numbers of lone parents, unemployed, low income families, adults without qualifications and elderly as well as an increasing number of other nationalities. We provide creativity and learning through the children's activity events held during the school breaks. These provide arts and crafts as well as play that encourages social skills. Other groups running at the centre include a 50+ club, Art and Crafts groups all of whom provide skills and confidence in their specific areas ESOL (English as a Second Language) since the local collage was forced to shut down have come to the centre to run 10 classes a week for people of other nationalities and there is a need for them to learn English to help them integrate into the community. The centre offers low cost birthday parties which are are held at the centre most weekends and a new addition to the centre are keep fit activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05101447 (England and Wales)
Registered Charity number 1118918
Registered office
The Park Centre High Street Kingswood Bristol BS15 4AR
Trustees
L Blakeman - Retired (Resigned 31 May 2023) MT Lines - Retired Ms PA Marshall - Retired DJ Peglar - Retired director (Resigned 9 January 2023) B Price - Retired Mrs S Smith - Retired(Appointed 27 Febriary 2024) Miss R Goozee - HR Assistant (Appointed 27 February 2024)
Independent examiner
Raymarsh Ford Limited Chartered Accountants 41 High Street Kingswood Bristol BS15 4AA
Page 2
The Park Centre (Kingswood) Directors' Report (continued) For The Year Ended 30 April 2024
Directors
The directors who held office during the year were as follows:
Mr Les Blakeman
Michael Lime
Pamela Marshall
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors 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 the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors 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.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
C Jones
Pamela Marshall
Director
12 June 2024
Page 3
The Park Centre (Kingswood) Accountant's Report For The Year Ended 30 April 2024
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of The Park Centre (Kingswood) For The Year Ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The Park Centre (Kingswood) For The Year Ended 30 April 2024 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of The Park Centre (Kingswood) , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of The Park Centre (Kingswood) and state those matters that we have agreed to state to the directors of The Park Centre (Kingswood) , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Park Centre (Kingswood) and its directors, as a body, for our work or for this report.
It is your duty to ensure that The Park Centre (Kingswood) has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Park Centre (Kingswood) . You consider that The Park Centre (Kingswood) is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of The Park Centre (Kingswood) . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Raymarsh Ford
12 June 2024
Raymarsh Ford Limited Chartered Accountants 41 High Street Kingswood Bristol BS15 4AA
Page 4
The Park Centre (Kingswood) Income and Expenditure Account For The Year Ended 30 April 2024
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses Other operating income OPERATING DEFICIT Other interest receivable and similar income Interest payable and similar charges DEFICIT FOR THE FINANCIAL YEAR |
2024 £ 151,144 (13,596 ) 137,548 (167,679 ) 8,243 (21,888 ) 292 (374 ) (21,970 ) |
2023 £ 162,898 (13,156 ) |
|---|---|---|
| 149,742 (160,240 ) 5,725 |
||
| (4,773 ) 48 (404 ) |
||
| (5,129 ) |
The notes on pages 7 to 8 form part of these financial statements.
Page 5
The Park Centre (Kingswood) Balance Sheet As At 30 April 2024
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Debtors 5 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 6 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2024 £ £ 15,105 15,105 3,324 84,594 87,918 (26,323 ) 61,595 76,700 76,700 76,700 76,700 |
2024 £ £ 15,105 15,105 3,324 84,594 87,918 (26,323 ) 61,595 76,700 76,700 76,700 76,700 |
2023 £ £ 17,521 17,521 15,082 72,165 87,247 (6,098 ) 81,149 98,670 98,670 98,670 98,670 |
2023 £ £ 17,521 17,521 15,082 72,165 87,247 (6,098 ) 81,149 98,670 98,670 98,670 98,670 |
|---|---|---|---|---|
| 15,105 61,595 |
17,521 81,149 |
|||
| 87,918 (26,323 ) |
87,247 (6,098 ) |
|||
| 76,700 | 98,670 | |||
| 76,700 | 98,670 | |||
| 76,700 | 98,670 | |||
| 76,700 | 98,670 |
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
C Jones
Pamela Marshall
Director
12 June 2024
The notes on pages 7 to 8 form part of these financial statements.
Page 6
The Park Centre (Kingswood) Notes to the Financial Statements For The Year Ended 30 April 2024
1. General Information
The Park Centre (Kingswood) is a private company, limited by guarantee, incorporated in England & Wales, registered number 05101447 . The registered office is The Park Centre Kingswood High Street, Kingswood, Bristol, BS15 4AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight line over lease period Plant & Machinery 20% reducing balance Fixtures & Fittings 25% reducing balance Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
| Office and administration Trustees |
2024 8 4 12 |
2023 11 4 |
|---|---|---|
| 15 |
4. Tangible Assets
Land & Property
| Cost As at 1 May 2023 Additions As at 30 April 2024 |
Leasehold £ 9,090 - |
Plant & Machinery £ 93,201 - |
Fixtures & Fittings £ 36,989 3,817 |
Computer Equipment £ 39,833 - |
Total £ 179,113 3,817 |
|---|---|---|---|---|---|
| 9,090 | 93,201 | 40,806 | 39,833 | 182,930 | |
| ...CONTINUED |
Page 7
The Park Centre (Kingswood) Notes to the Financial Statements (continued) For The Year Ended 30 April 2024
| Depreciation As at 1 May 2023 9,090 Provided during the period - As at 30 April 2024 9,090 Net Book Value As at 30 April 2024 - As at 1 May 2023 - 5. Debtors Due within one year Trade debtors Prepayments and accrued income Other taxes and social security Net wages 6. Creditors: Amounts Falling Due Within One Year Trade creditors Other creditors Pension fund Accruals and deferred income |
9,090 - |
81,259 1,095 |
31,627 3,468 |
39,616 1,670 |
161,592 6,233 |
|
|---|---|---|---|---|---|---|
| 9,090 | 82,354 | 35,095 | 41,286 | 167,825 | ||
| - | 10,847 | 5,711 | (1,453 ) | 15,105 | ||
| - | 11,942 | 5,362 | 217 | 17,521 | ||
| 2024 £ 103 2,267 924 30 3,324 2024 £ - - - 26,323 26,323 |
2023 £ 12,190 1,193 1,443 256 |
|||||
| 15,082 | ||||||
| 2023 £ 630 2,415 203 2,850 |
||||||
| 6,098 |
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 8
The Park Centre (Kingswood) Detailed Income and Expenditure Account For The Year Ended 30 April 2024
| TURNOVER Donations Rental income COST OF SALES Cafe consumables Exercise tutors Waste disposal Hire and leasing of plant, equipment and vehicles GROSS SURPLUS Administrative Expenses Wages and salaries Employers NI Employers pensions - defined contributions scheme Recruitment costs Staff training Staff entertaining Rates Light and heat Repairs and maintenance Cleaning Security costs Hire and leasing of plant and machinery Computer software costs Computer and IT consumables Insurance Printing, postage and stationery Advertising and marketing costs Telecommunications Data costs Accountancy fees Consultancy fees Subscriptions Other office costs Depreciation of plant and machinery Depreciation of fixtures and fittings Depreciation of computer equipment Sundry expenses Other Operating Income Cafe net income OPERATING DEFICIT |
2024 £ £ - 151,144 151,144 11,793 378 1,387 38 (13,596 ) 137,548 99,572 (104 ) 351 1,054 1,119 240 176 22,161 3,387 4,163 4,143 323 3,290 4,716 1,802 1,609 1,685 1,633 636 4,525 3,853 5 256 1,095 3,468 1,670 851 (167,679 ) 8,243 8,243 (21,888) |
2024 £ £ - 151,144 151,144 11,793 378 1,387 38 (13,596 ) 137,548 99,572 (104 ) 351 1,054 1,119 240 176 22,161 3,387 4,163 4,143 323 3,290 4,716 1,802 1,609 1,685 1,633 636 4,525 3,853 5 256 1,095 3,468 1,670 851 (167,679 ) 8,243 8,243 (21,888) |
2023 £ £ 20,909 141,989 162,898 11,091 - 1,356 709 (13,156 ) 149,742 95,800 - 984 335 1,849 296 596 12,059 8,541 3,479 1,430 288 6,394 6,545 1,741 973 899 1,024 284 4,671 2,609 71 54 1,369 5,321 2,212 416 (160,240 ) 5,725 5,725 (4,773) ...CONTINUED |
|---|---|---|---|
| 151,144 (13,596 ) |
|||
| 99,572 (104 ) 351 1,054 1,119 240 176 22,161 3,387 4,163 4,143 323 3,290 4,716 1,802 1,609 1,685 1,633 636 4,525 3,853 5 256 1,095 3,468 1,670 851 |
95,800 - 984 335 1,849 296 596 12,059 8,541 3,479 1,430 288 6,394 6,545 1,741 973 899 1,024 284 4,671 2,609 71 54 1,369 5,321 2,212 416 |
||
| 137,548 (167,679 ) 8,243 |
|||
| 8,243 | 5,725 | ||
| (21,888) |
Page 9
The Park Centre (Kingswood) Detailed Income and Expenditure Account (continued) For The Year Ended 30 April 2024
| Other interest receivable and similar income Bank interest receivable Interest payable and similar charges Bank charges DEFICIT FOR THE FINANCIAL YEAR |
292 | 292 (374) |
48 | 48 (404) |
|---|---|---|---|---|
| 374 | 404 | |||
| (21,970 ) | (5,129 ) |
Page 10
Issuer
Raymarsh Ford
Document generated Wed, 12th Jun 2024 7:17:47 UTC
Document fingerprint 233b60dcf0e25e3cb5cfb8988d061347
Parties involved with this document
Document processed
Party + Fingerprint
Wed, 12th Jun 2024 9:11:17 UTC Wed, 12th Jun 2024 9:16:36 UTC
Pamela Ann Marshall - Signer (4d330ffe24ef1aa7791b41367061a7fb) Chris Ford - Signer (52783ec66d6d9faa4de16ebb9f6c15a6)
Audit history log
Date
Action
Wed, 12th Jun 2024 7:17:47 UTC Wed, 12th Jun 2024 7:17:49 UTC Wed, 12th Jun 2024 7:17:49 UTC Wed, 12th Jun 2024 7:17:49 UTC Wed, 12th Jun 2024 7:17:49 UTC Wed, 12th Jun 2024 7:17:49 UTC Wed, 12th Jun 2024 7:17:49 UTC Wed, 12th Jun 2024 7:17:49 UTC Wed, 12th Jun 2024 7:18:01 UTC Wed, 12th Jun 2024 9:09:56 UTC Wed, 12th Jun 2024 9:11:17 UTC Wed, 12th Jun 2024 9:11:18 UTC Wed, 12th Jun 2024 9:11:18 UTC Wed, 12th Jun 2024 9:11:18 UTC Wed, 12th Jun 2024 9:16:12 UTC Wed, 12th Jun 2024 9:16:36 UTC Wed, 12th Jun 2024 9:16:36 UTC Wed, 12th Jun 2024 9:16:36 UTC
Envelope generated with fingerprint b220128c9f7300751e6b61462830447118.133.63.166 Document generated with fingerprint 233b60dcf0e25e3cb5cfb8988d061347.18.171.222.148 Document generated with fingerprint 14644e8dd66098f32f4869bdccaf92ce.18.171.222.148 Document generated with fingerprint 52a9a5f3fdf3d24cc241dc9121d1a2dd.18.171.222.148 Envelope generated.18.171.222.148 Pamela Ann Marshall has been assigned to this envelope.18.171.222.148 Chris Ford has been assigned to this envelope.18.171.222.148 Sent the envelope to Pamela Ann Marshall for signing.18.171.222.148 Document emailed to party email35.178.89.136 Pamela Ann Marshall viewed the envelope92.19.240.41 Pamela Ann Marshall signed the envelope92.19.240.41 Sent the envelope to Chris Ford for signing92.19.240.41 Document emailed to party email13.42.48.189 Pamela Ann Marshall viewed the envelope92.19.240.41 Chris Ford viewed the envelope193.160.246.55 Chris Ford signed the envelope193.160.246.55 This envelope has been signed by all parties193.160.246.55 Chris Ford viewed the envelope193.160.246.55