## Friends of Bowling Park
Charity number 1156565
## Annual Report and Financial Statements
for the year ended 31 December 2023
## Friends of Bowling Park
Annual Report and Financial Statements for the year ended 31 December 2023
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 3|
|Receipts and payments account|4|
|Statement of assets and liabilities|5|
|Notes to the accounts|6|
## **Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Trustees' report for the year ended 31 December 2023
## **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** David Brickman Chair Anna Boocock Resigned 9 October 2023 Shahid Islam Resigned 9 October 2023 Scott Hinsley Secretary Ian Slattery Appointed 9 October 2023 Georgina Taylor Appointed 9 October 2023 **Charity number** 1156565 Registered in England and Wales **Registered and principal address Bankers** 247 Bowling Hall Road Santander UK plc Bradford 2 Darley Street West Yorkshire BD4 7TJ Bradford West Yorkshire BD1 3HR
## **Accountants**
**West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation (CIO) foundation formed on 8 April 2014 and is governed by a constitution.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are appointed by a resolution passed at a properly convened meeting of the charity trustees.
2
## Friends of Bowling Park
## Trustees' report (continued) for the year ended 31 December 2023
## **Objectives and activities**
## **The charity's objects**
The objects of the CIO are for the benefit of the inhabitants of Bradford, to provide or assist in the provision of facilities for recreation and other leisure time occupation in the interests of social welfare with the object of improving their conditions of life for the inhabitants of the area of benefit in particular but not exclusively by the preservation, promotion, support, assistance and improvement of Bowling Park.
## **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 ……… (eg the advancement of education).
## **Achievements and performance**
FOBP have had another year in transition with some minor changes made to the management group and Board of trustees, with two new members joining in September. We successfully continued to operate our usual schedule of events in the Park including a monthly litter pick and weekly walking groups. Our volunteers continued to support the weekly Park Run which has re-established itself as a popular event after the disruption during the Pandemic. Further planting of Spring bulbs was undertaken in the Autumn period across the park. We continued to partner with the Lodge Café who provided space for our meetings this year. Our recently installed defibrillator continues to be managed by the group on behalf of the community, thankfully this has not had to be used this year.
## **Financial review**
The net payments for the year were £1,090, all relating to unrestricted funds.
## **Reserves policy**
The charity's free reserves, at the year end were £9,413.
No formal policy has been approved although the trustees work on an informal principle of at least 3 months running costs at any time. Based on projections for the next 12 months (2024/25) the Board accepts that the current level of reserves at 31 December 2023 still exceeds this target. As a result the Board have a plan to utilise them over the next few years and no significant restricted funds will be sought in the meantime.
Approved by the board of trustees on 14/10/2024
David Brickman (Trustee)
3
## Friends of Bowling Park Receipts and payments account for the year ended 31 December 2023
|**Receipts**
Donations
Event takings
**Total receipts**
**Payments**
Office rent
Event and activity expenses
Insurance
Printing and stationery
Water rates
Accountancy
Sundry expenses
HMRC penalty fees
**Total payments**
**Net receipts / (payments)**
**Fund balances brought forward**
**Fund balances carried forward**
(3)|2023
Total
funds
£
14
-
14
-
123
197
-
444
240
-
100
1,104
(1,090)
10,503
9,413|2022
Total
funds
£
105
137
242
200
1,129
151
30
166
300
130
200
2,306
(2,064)
12,567
10,503|
|---|---|---|
4
## Friends of Bowling Park Statement of assets and liabilities
|as at 31 December 2023
**Cash funds**
Cash at bank
Cash in hand
**Total cash funds**
**Debtors and prepayments**
Prepayments - Insurance
**Liabilities**
Accruals - Accountancy fee|2023
Total
£
9,376
37
9,413
2023
£
113
113
2023
£
240
240|2022
Total
£
10,468
35
10,503|
|---|---|---|
The financial statements were approved by the board of trustees on 14/10/2024
David Brickman (Trustee)
5
## Friends of Bowling Park
## Notes to the accounts
## for the year ended 31 December 2023
## **1 Accounting policies**
## **Basis of accounting**
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
## **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.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
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 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.
6