Friends of Beaumont Park Ltd
Charity number 1129268
A company limited by guarantee number 06834350
Annual Report and Financial Statements
for the year ended 30 September 2022
Friends of Beaumont Park Ltd
Annual Report and Financial Statements for the year ended 30 September 2022
| Contents | Page |
|---|---|
| Trustees' report | 2 to 5 |
| Examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the accounts | 9 to 13 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Friends of Beaumont Park Ltd
Trustees' report for the year ended 30 September 2022
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Patricia Battye Resigned 19 July 2022 Anthony Moyle Christopher Connally Timothy Wilkes Julie Dempster Chair David Rudd John Stevenson
Charity number 1129268 Company number 06834350 Registered and principal address Bankers The Depot Virgin Money Beaumont Park 40 New Street Beaumont Park Road Huddersfield Huddersfield HD1 2BT HD4 7AY
Registered in England and Wales Registered in England and Wales
Independent examiner
E J Beverley FCCA
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a company limited by guarantee and was formed on 3 March 2009. It is governed by a memorandum and articles of association as amended on 27 March 2009 and new Articles were adopted by Special Resolution on 15 March 2017. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.
Method of recruitment and appointment of trustees
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members by an ordinary resolution.
Objectives and activities
The charity's objects
To promote the benefit of the residents without distinction of sex, sexual orientation, age, disability, nationality, race or of political, religious or other opinions, by associating together the said inhabitants and the statutory authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants; in particular, but not exclusively by the preservation, promotion, support, assistance and improvement of Beaumont Park.
To promote such other purposes as are charitable according to the laws of England and Wales for the benefit of the public as may from time to time be determined.
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Friends of Beaumont Park Ltd
Trustees' report (continued) for the year ended 30 September 2022
The charity's main activities
As a ‘Friends’ group connected to a public park we work closely with Kirklees council to help maintain and improve the facilities for all users across all age groups that use the park. The 'Friends’ have a visitor centre which is well used as a community venue hosting many local groups as well as serving as a café. The café is operated and run entirely by volunteers to help raise funds for FOBP.
We work closely with local schools and other charities to help develop and raise awareness of the park and its history. We also provide educational facilities for people to learn about environmental issues, health and wellbeing, leisure pursuits and ‘play’ for people across all age ranges.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular advancement of arts, culture, heritage or science and advancement of environmental protection and improvement.
Achievements and performance
Friends of Beaumont Park’s work on the Play project has gone from strength to strength. In particular, the new Play Area was opened quietly on 15 December 2021. The community have loved it and there are always children playing on the equipment – rain or shine. Friends of Beaumont Park supported the project to the tune of £74,700 which includes a generous grant from West Yorkshire Freemasons for £24,700 specifically for kit for children with disabilities. We held an official opening ceremony in August with the Mayor cutting the ribbon. This was a chance to thank all involved in the planning, finance and installation.
We have further developed the Love Exploring App available on mobiles. Families are very much enjoying using the app.
We worked on a Nature Story Trail associated book and printed copies are available for the public to purchase via our website or as an e-book through Amazon.
Coming out of the Covid Pandemic, Friends of Beaumont Park have resumed a programme of large outside events and the opening up of the Visitor Centre. Large events have included the Santa Procession with carols at the Bandstand, Easter Fun, Yorkshire Gala Day and Beaumont Barks. These events are very popular and generate considerable funds to reinvest in work in the park.
We continue to update our website and post on 3 social media platforms – Facebook, Twitter and Instagram.
FOBP have continued to maintain the Visitor Centre. There has been general ongoing maintenance and the nature story trail sculptures and the cedar tree sculpture have added to our maintenance schedule.
Beaumont Park won the 2022/2023 Green Flag Award yet again with the highest number of points in any Kirklees Park. We are grateful to John Mason, Kirklees gardener and his team.
There have been a number of weddings in the bandstand and FOBP have regretfully not renewed our wedding licence which was due in October. This is due to an inability to replace the volunteer who ran our weddings arrangements with a suitable replacement.
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Friends of Beaumont Park Ltd
Trustees' report (continued) for the year ended 30 September 2022
Financial review
The net income for the year was £17,381, including net income of £18,540 on unrestricted funds and net expenditure of £1,159 on restricted funds after transfers.
The Friends’ income is mainly from events in the park and to some extent from hiring out the Visitor Centre. In the year under consideration this was much less affected by Covid-19 restrictions than in the previous two years. The accounts show a surplus again and there is well over two years’ worth of income in unrestricted and designated funds. This balance is mainly held in the current account with Virgin Money.
The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £69,674. Within the reserves there is a total of £16,524 designated funds towards restoring park facilities, building an archive of the Park history and the restoration of the Cascade area. More details are provided in note 9.
The trustees aim to provide enough reserves to cover 3-6 months worth of normal annual expenditure from our activities, and this is reviewed annually once the accounts have been signed.
At present the reserves exceed this level and the trustees plan to utilise these reserves when the right projects can be found.
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Friends of Beaumont Park Ltd
Trustees' report (continued) for the year ended 30 September 2022
Statement of trustees' responsibilities
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. 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.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Approved by the board of trustees on 21/02/2023
Julie Dempster (Trustee)
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Friends of Beaumont Park Ltd
Independent examiner's report to the trustees of Friends of Beaumont Park Ltd
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 30 September 2022, which are set out on pages 7 to 13.
Responsibilities and basis of report
As the charity's trustees of the charitable company (and also 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 charitable 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 your charity's accounts as carried out under section 145 of the Charities Act ('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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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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
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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
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4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended 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 in this report in order to enable a proper understanding of the accounts to be reached.
E J Beverley FCCA
08/03/2023
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Friends of Beaumont Park Ltd
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 30 September 2022
| Notes 2022 Unrestricted funds £ Income from: Grants and donations (2) 1,222 Sales 86 Membership 15 Visitor centre hire 530 Refreshment income 25,715 Event income 5,769 Group income 4,856 Fundraising 102 Other income 186 Total income 38,481 Expenditure on: Refreshment sale costs 5,157 Insurance 1,861 Repairs and maintenance 565 Cleaning 251 Office costs 483 Telephone and internet 630 Printing - Advertising and PR 75 Equipment 760 Independent examination 630 Depreciation 1,096 Miscellaneous expenses 126 Events 2,186 Trailer expenses - Kirklees Council for the Play Project - Park works 2,514 Utilities 1,622 Group expenses 1,650 Fundraising 23 Goods for resale - Professional fees 678 Donations 1,000 Total expenditure 21,307 Net income / (expenditure) 17,174 Transfers between funds 1,366 Net movement in funds 18,540 Fund balances brought forward 56,376 Fund balances carried forward (3) 74,916 |
2022 Restricted funds £ 1,000 - - - - - - - - 1,000 - - - - - - - - - - - - - - - 793 - - - - - - 793 207 (1,366) (1,159) 1,366 207 |
2022 Total funds £ 2,222 86 15 530 25,715 5,769 4,856 102 186 39,481 5,157 1,861 565 251 483 630 - 75 760 630 1,096 126 2,186 - - 3,307 1,622 1,650 23 - 678 1,000 22,100 17,381 - 17,381 57,742 75,123 |
2021 Total funds £ 810 336 20 200 24,495 2,718 2,765 33 8 31,385 4,481 1,827 328 - 335 598 675 551 278 630 4,889 451 931 38 74,700 3,364 889 1,250 - 426 - - 96,641 (65,256) - (65,256) 122,998 57,742 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Friends of Beaumont Park Ltd
Balance sheet
| as at 30 September 2022 2022 Unrestricted £ Fixed assets Tangible assets (4) 5,242 Total fixed assets 5,242 Current assets Stock 523 Debtors and prepayments (5) 1,130 Cash at bank and in hand (6) 68,939 Total current assets 70,592 Current liabilities: amounts falling due within one year Creditors and accruals (7) 918 Total current liabilities 918 Net current assets 69,674 Net assets 74,916 Funds Unrestricted funds General unrestricted funds 58,392 Designated funds (8) 16,524 Unrestricted funds 74,916 Restricted funds - Total funds 74,916 |
2022 Restricted £ - - - - 207 207 - - 207 207 - - - 207 207 |
2022 Total £ 5,242 5,242 523 1,130 69,146 70,799 918 918 69,881 75,123 58,392 16,524 74,916 207 75,123 |
2021 Total £ 6,339 6,339 523 810 50,885 52,218 815 815 51,403 57,742 39,852 16,524 56,376 1,366 57,742 |
|---|---|---|---|
For the year ending 30 September 2022 the charitable 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 charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) 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 and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 21/02/2023
Julie Dempster (Trustee)
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Friends of Beaumont Park Ltd
Notes to the accounts
for the year ended 30 September 2022
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Donated goods for resale are valued at the amount actually realised upon their sale.
Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £1000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:
Visitor centre equipment: over 5 years Wedding Facilities: over 3 years Park Equipment: over 10 years Storage Container: over 5 years
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Friends of Beaumont Park Ltd
Notes to the accounts continued
for the year ended 30 September 2022
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
| 2 Grants and donations Sylvia Richmond Other donations 3 Restricted funds Community Development Fdn Sylvia Richmond, legacy |
Balance b/f £ 1,366 - 1,366 |
2022 Unrestricted funds £ - 1,222 1,222 Incoming £ - 1,000 1,000 |
2022 Restricted funds £ 1,000 - 1,000 Outgoing £ - 793 793 |
2022 Total funds £ 1,000 1,222 2,222 Transfers £ (1,366) - (1,366) |
2021 Total funds £ - 810 810 Balance c/f £ - 207 207 |
|---|---|---|---|---|---|
Fund name
Community Development Fdn
Sylvia Richmond, legacy
Purpose of restriction
Towards a drinking fountain. The transfer relates to releasing funds to unrestricted as the charity no longer plans to install a drinking fountain. The funder no longer exists so their permission cannot be obtained for this transfer.
Towards a rose garden in the park.
| Tangible assets Cost At 1 October 2021 Additions At 30 September 2022 Depreciation At 1 October 2021 Charge for year At 30 September 2022 Net book value At 30 September 2022 At 30 September 2021 |
£ 22,132 - 22,132 22,132 - 22,132 - - Storage container & refreshment trailer |
£ 6,970 - 6,970 1,386 697 2,083 4,887 5,584 Park equipment |
£ 2,490 - 2,490 2,490 - 2,490 - - Wedding facilities |
£ 7,828 - 7,828 7,073 400 7,473 355 755 Visitor Centre equipment |
Total £ 39,420 - 39,420 33,081 1,097 34,178 5,242 0 6,339 |
|---|---|---|---|---|---|
4 Tangible assets
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Friends of Beaumont Park Ltd
Notes to the accounts continued
for the year ended 30 September 2022
| 5 Debtors and prepayments 2022 £ Debtors 190 Prepayments 940 1,130 6 Cash at bank and in hand 2022 £ Cash at bank 68,734 Cash in hand 412 69,146 7 Creditors and accruals 2022 £ Creditors 28 Accruals 740 Deferred income (see note below for analysis) 150 918 Deferred income Deferred to next year £ Christmas Fayre 150 150 Item name Reason for deferral Christmas Fayre 8 Funds held as agent Balance b/f Incoming Outgoing £ £ £ Photography group - 1,288 400 - 1,288 400 Fund name Additional information Photography group Money received in advance for the Christmas Fayre. Funds held on behalf of the photography group. |
2021 £ - 810 810 2021 £ 50,885 - 50,885 2021 £ - 680 135 815 0 Released from last year £ 135 135 Balance c/f £ 888 888 |
|---|---|
| 9 Designated funds Restoration fund Archive fund Cascade fund Fund name Restoration fund Archive fund Cascade fund |
Balance b/f Incoming Outgoing Transfers £ £ £ £ 15,277 - - - 97 - - - 1,150 - - - 16,524 - - - Reason for designation Towards restoration of the park facilities. Towards building an archive of the history of Beaumont Park. Towards restoration of the 'Cascade' area of the park. |
Balance c/f £ 15,277 97 1,150 16,524 |
|---|---|---|
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Friends of Beaumont Park Ltd
Notes to the accounts continued
for the year ended 30 September 2022
10 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
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Friends of Beaumont Park Ltd
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 30 September 2022
| 2022 2021 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 1,222 810 Sales 86 336 Membership 15 20 Visitor centre hire 530 200 Refreshment income 25,715 24,495 Event income 5,769 2,718 Group income 4,856 2,765 Fundraising 102 33 Other income 186 8 Total income 38,481 31,385 Expenditure Refreshment sale costs 5,157 4,481 Insurance 1,861 1,827 Repairs and maintenance 565 328 Cleaning 251 - Office costs 483 335 Telephone and internet 630 598 Printing - 675 Advertising and PR 75 551 Equipment 760 278 Independent examination 630 630 Depreciation 1,096 4,889 Miscellaneous expenses 126 451 Events 2,186 931 Trailer expenses - 38 Kirklees Council for the Play Project - 50,000 Park works 2,514 3,364 Utilities 1,622 889 Group expenses 1,650 1,250 Fundraising 23 - Goods for resale - 426 Professional fees 678 - Donations 1,000 - Total expenditure 21,307 71,941 Net income / (expenditure) 17,174 (40,556) Transfers between funds 1,366 3,445 Net movement in funds 18,540 (37,111) Fund balances brought forward 56,376 93,487 Fund balances carried forward 74,916 56,376 |
2022 Restricted funds £ 1,000 - - - - - - - - 1,000 - - - - - - - - - - - - - - - 793 - - - - - - 793 207 (1,366) (1,159) 1,366 207 |
2021 Restricted funds £ - - - - - - - - - - - - - - - - - - - - - - - - 24,700 - - - - - - - 24,700 (24,700) (3,445) (28,145) 29,511 1,366 |
2022 Total funds £ 2,222 86 15 530 25,715 5,769 4,856 102 186 39,481 5,157 1,861 565 251 483 630 - 75 760 630 1,096 126 2,186 - - 3,307 1,622 1,650 23 - 678 1,000 22,100 17,381 - 17,381 57,742 75,123 |
2021 Total funds £ 810 336 20 200 24,495 2,718 2,765 33 8 31,385 4,481 1,827 328 - 335 598 675 551 278 630 4,889 451 931 38 74,700 3,364 889 1,250 - 426 - - 96,641 (65,256) - (65,256) 122,998 57,742 |
|---|---|---|---|---|
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