2025-04-30-accounts - The Park Centre (Kingswood)

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Registered number: 05101447

THE PARK CENTRE (KINGSWOOD) DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

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 2025

Directors Mr Michael Line Mrs Susan Smith 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

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The Park Centre (Kingswood) Company No. 05101447 Directors' Report For The Year Ended 30 April 2025 The directors present their report and the financial statements for the year ended 30 April 2025. 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 2025. 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 Keith Stanton - IT Specialist (Appointed 13 September 2024) Mrs S Smith - Retired Miss R Goozee - HR Assistant 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 2025

Directors

The directors who held office during the year were as follows:

Mr Michael Line

Mrs Susan Smith Appointed 20/01/2025 Pamela Marshall Resigned 06/01/2025

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.

By order of the board

Date

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The Park Centre (Kingswood) Accountant's Report For The Year Ended 30 April 2025

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 2025

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 2025 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. Date 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 2025

----- Start of picture text -----
2025 2024
Notes £ £
TURNOVER 188,331 151,144
Cost of sales (10,869) (13,596)
GROSS SURPLUS 177,462 137,548
Administrative expenses (153,099) (167,679)
Other operating income 10,369 8,243
OPERATING SURPLUS/(DEFICIT) 34,732 (21,888)
Other interest receivable and similar income 283 292
Interest payable and similar charges (307) (374)
SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR 34,708 (21,970)
The notes on pages 7 to 8 form part of these financial statements.
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The Park Centre (Kingswood) Balance Sheet As At 30 April 2025

2025 £ £ 18,985 18,985 18,536 85,590 104,126 (11,703) 92,423 111,408 111,408 111,408 111,408	2025 £ £ 18,985 18,985 18,536 85,590 104,126 (11,703) 92,423 111,408 111,408 111,408 111,408	2024 £ £ 15,105 15,105 3,324 84,594 87,918 (26,323) 61,595 76,700 76,700 76,700 76,700 f	2024 £ £ 15,105 15,105 3,324 84,594 87,918 (26,323) 61,595 76,700 76,700 76,700 76,700 f
	18,985 92,423		15,105 61,595
104,126 (11,703)		87,918 (26,323)

	111,408		76,700
	111,408		76,700
	111,408		76,700
	111,408		76,700

For the year ending 30 April 2025 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

Date

The notes on pages 7 to 8 form part of these financial statements.

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The Park Centre (Kingswood) Notes to the Financial Statements For The Year Ended 30 April 2025

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	2025 11 3 14	2024 8 4
		12

Tangible Assets

Cost As at 1 May 2024 Additions As at 30 April 2025	Land & Property Leasehold £ 9,090 -	Plant & Machinery £ 93,201 -	Fixtures & Fittings £ 40,806 2,954	Computer Equipment £ 39,833 6,465	Total £ 182,930 9,419
	9,090	93,201	43,760	46,298	192,349
					...CONTINUED

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The Park Centre (Kingswood) Notes to the Financial Statements (continued) For The Year Ended 30 April 2025

9,090 -	82,354 876	35,095 3,410	41,286 1,253	167,825 5,539
9,090	83,230	38,505	42,539	173,364
-	9,971	5,255	3,759	18,985
-	10,847	5,711	(1,453)	15,105
			2025 £ 17,367 1,169 - - 18,536 2025 £ 427 7,420 8 128 3,720 11,703	2024 £ 103 2,267 924 30
				3,324
				2024 £ - - - - 26,323
				26,323

5. Debtors

6. Creditors: Amounts Falling Due Within One Year

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.

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The Park Centre (Kingswood) Detailed Income and Expenditure Account For The Year Ended 30 April 2025

2025 £ £ 1,000 10,006 177,325 188,331 8,944 - 448 1,477 - (10,869) 177,462 103,655 - 478 646 1,808 - - 3,504 2,057 3,379 1,259 412 6,330 5,040 3,436 1,126 2,350 979 - 3,720 3,951 81 666 248 876 3,410 1,253 2,435 (153,099) ra	2025 £ £ 1,000 10,006 177,325 188,331 8,944 - 448 1,477 - (10,869) 177,462 103,655 - 478 646 1,808 - - 3,504 2,057 3,379 1,259 412 6,330 5,040 3,436 1,126 2,350 979 - 3,720 3,951 81 666 248 876 3,410 1,253 2,435 (153,099) ra	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) ...CONTINUED f
	188,331 (10,869)
103,655 - 478 646 1,808 - - 3,504 2,057 3,379 1,259 412 6,330 5,040 3,436 1,126 2,350 979 - 3,720 3,951 81 666 248 876 3,410 1,253 2,435		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
	177,462 (153,099)

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The Park Centre (Kingswood)
Detailed Income and Expenditure Account (continued)
For The Year Ended 30 April 2025
Other Operating Income
Cafe net income 10,369 8,243
10,369 8,243
OPERATING SURPLUS/(DEFICIT) 34,732 (21,888)
Other interest receivable and similar income
Bank interest receivable 283 292
283 292
Interest payable and similar charges
Bank charges 307 374
(307) (374)
SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR 34,708 (21,970)
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