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2022-12-31-accounts

Ptstrpojje 'ange Park Centre charity exists to help people t Ime together sustaining a strongef community THE ARC COHESION HELP GROW PEACE •• OUR MISSION ENERGISE ENTERTAIN AOVKE EY£RYON£

Description
jan 22 Charnwood
Borou
h Council
CBC —Debt Advice Fundin		 f800*
Feb 22 CBC —Omicron
Recove
Grant		 E2677
Feb 22 CBCContain
Fundin
—Cook + Eat course		 Ei 575
Mar 22 - CBC —Members Grant —Coffee machine for community coffee
mo min f500
Mar 22 —Social Association
rant —for activities at		 famil
Easter		 event f150
Mar 22 - LCC Shires Grant —weekl
outh club for		 ears 6-8 K4 000
jun 22 —Lou hborou
h Universi
Grant —Cook+		 Eat course 6750*
jun 22 —S
rt En land —to bu
additional
Table Tennis table		 E464
Au
22 - CBC communi
rant scheme - weekl		 outh club for ears 6-8 f750
Au
22- CBC communi
safe
artnershi
- weekl
outh club		 for ears 6-8 Ei 500*
"Remaining
budgetis
being carried forward to2023.

Grange Grange Grange Park Centre Park Centre Charit
Com		 No
an		 No 1157806
Annual accounts for the eriod
Period from I 01/01/2022 To 31/12/2022
~
~
0
Restricted
Unrestricted income Endowment Prior year
Recommended
categories by activity		 funds funds funds Total funds funds
Income (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations
and legacies		 S01 3,088 8,575 11,663 15,952
Charitable
activities		 S02
Other trading
activities		 S03 49,959 49,959 27,149
Investments S04
Separate material
item ofincome		 S05 2,667 2,667 8,362
Other
Total		 S06
S07		 8,5 5 6, 90 ' 5'i,463
Expenditure
(Notes		 6)
Expenditure
on:
Raising funds S08
Charitable
activities		 Sog 51,968 10,495 62;462 49,221
Separate material expense item S10
Other S11 3,170 4,008 3,606
Total S12 14,503 69,640
Net incomel(expenditure)
the reporting
period		 before tax for
S13		 57? - 5,928 5,35'I 1,364
Tax payable S14
Net income/(expenditure)
after tax
before investment
gains/(losses)		 S15 577 - 5,928 5,$51 1,364
Net gains/(losses)
on
investments S16
Net income/(expenditure) S17 1,364
Extraordinary
items
Transfers between'funds		 S18
S18		 16,974 - 16,974
Other recognised gains/(losses):
Gains and losses on revaluation offixed assets for the
charity's
own use		 S20
Other gains/(losses) S21
Net movement in funds S22 17,56'I - 22;901 5,351 1,364
Reconciliation of
funds:
Total funds brought
forward
Total funds carried		 forward S23
S24		 61,167
78,7'i8		 759,166
736,26		 820,334
81,983		 821,698
820,334
~
s
0
QOC(6 Unrestricted Restricted
income		 Endowment Total this Total last
C9 funds funds funds year year
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) 801
Tangible assets (Note 14) 802 724,733 724,733 721,062
Heritage assets (Note 16) 803
investments (Note 17) 804
Total fixed assets 805
Gurrent assets
Stocks (Note 18} 806
Debtors (Note 19) 807 5,252 5,252 1,617
Investments (Note 17.4) 808
Cash at bank and in hand
(Note 24)		 Bos 101,923
Total current assets 81o 103,540
Creditors: amounts falling due within
one year
(Note 20)		 811 4,268
Net current assetsl(liabilities) 812 99,272
Total assets less current liabilities 813 8 „34
Creditors: amounts falling due after
one year (Note 20) 814 6,54Q 6,540
Provisions for liabilities 815
Total net assets orliabilities 816 60,2'.I3 754,?70 814,983 82Q,334
Funds ofthe Charity
Endowment
funds		 (Note 27} 817
Restricted income funds (Note 27) 818 736,265 736,265 759,167
Unrestricted
funds		 819 78,718 ?8,718 61,167
Revaluation
reserve		 820
Fair value reserve 821
Total funds 822 78,718 73,265 820,334
Date of
Signature Print Name approval
dd/mm/
Harriet Burt
Michael Ellerby

Note 2 Accounting
policies
2.2 INCOlNE
Recognition ofincome These are induded
in the Statement ofFinancial Activities (SoFA)when:
~
the charity becomes entitled to the resources;
~
it is more likely than not that the trustees
will receive the resources;		 Yes* No" N/a*
~
the monetary
value can be measured
with sufficient
reliability,
Offsetting There has been no offsetting ofassets and liabilities, or income and expenses, unless
required or permitted
by the FRS 102SORP orFRS 102.		 Yes* No' N/a*
Grants and donations are only included
in the SoFAwhen the general income recognition		 Yes* No N/a
criteria are met (5.10to5.12FRS102SORP). v'
In the case ofperformance
related grants, income must only be recognised to the extent
that the charity has provided the speciTied goods or services as entitlement
to the grant		 Yes* No* N/a*
only occurs when the performance
related conditions are met (5.16FRS 102SORP).
Legacies are induded
in the SOFA when receipt is probable,
that is, when there has
Legacies been grant ofprobate, the executors have established
that there are suffident assets in
the estate and any conditions attached to the legacy are either within the control ofthe		 Yes* No* N/a
charity or have been met.
Government grants The charity has received government
grants
in the reporting
period		 Yes* No* N/a"
Gift Aid receivable is induded
in income when there isa valid dedaration
from the donor.
Tax reclaims on Any Gift Aid amount recovered on a donation
isconsidered to be part ofthat gift and is		 Yes* No N/a*
donations and gifts treated as an addition to the same fund as the initial donation
unless the donor orthe
terms ofthe appeal have spedfied otherwise.
Contractual
performance		 income and
related		 This is only included
in the SoFAonce the charity has provided
the related goods or
services or met the performance
related conditions.		 Yes" No* N/a"
grants
Yes No N/a*
Donated goods Donated goods are measured
at fair value (the amount for which the asset could be
exchanged)
unless impractical
to do so.
The cost ofany stock ofgoods donated for distribution
to beneficiaries
is deemed to be
the fair value oithose grits at the time oftheir receipt and they are recognised
on receipt		 Yes* No* N/a"
ln the reporting
pariod
in which the stocks are distributed.
they are recognised as an
expense at the carrying amount ofthe stocks at distribution.
Donated goods for resale are measured
at fair value on initial recognition,
which is the
expected proceeds from sale less the expected costs ofsale, and recognised
in 'Income
from other trading
activities'
with the corresponding
stock recognised
in the balance		 Yes No* N/a*
sheet.
On its sale the value ofstock is charged against 'income from other trading
activities' and the proceeds from sale are also recognised as 1ncome from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets Yes* No* N/a*
and included
in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are induded
in the SoFAas income from donations		 Yes* No" N/a*
when receivable.
Donated services and Donated services and facilities are induded
in the SOFA when received atthe value of		 Yes* No" N/a
facilities the gift to the charity provided
the value ofthe gift can be measured
reliably.
Donated services and facilities that are consumed
immediately
are recognised as income		 Yes* No" N/a*
with an equivalent
amount recognised as an expense under the appropriate
heading
in
the SOFA.
Support costs The charity has incurred
expenditure
on support costs.		 Yes* No" N/a
Volunteer help The value ofany voluntary
help received is not included
in the accounts but is described
in the trustees'
annual
report.		 Yea* No" N/a*
Income from interest, This is included
in the accounts when receipt is probable and the amount receivable can		 Yes* No* N/a*
royalties and dividends be measured
reliably.
Income from membership Membership
subscriptions
received
in the nature ofa gift are recognised
in Donations		 Yes' No N/a*
CC17FRS102 SORP 15/02I2023
subscripttons subscripttons and Legacies.
Membership
subscriptions
which gives amember the right to buy services orother		 Yes* No* N/a*
benefits are recognised as income earned from the provision afgoods and services as
income from charitable
activities.
Settlement ofinsurance
claims		 Insurance daims are only induded
in the SoFA when the general irxxxne recognition
criteria are met (5.10to5.12 FRS102 SORP) and are included as an item ofother
income in the SoFA.		 Yes* No* N/a*
Investment
losses		 gains and This inc!udes any realised or unreafised
gains or losses on the sale ofinvestments
and
any gain or loss resulting
from revaluing
investments
to market value at the end ofthe		 Yes* No* N/a*
year.
2.3EXPENDITURE AND LIABILITIES
Liabilities are recognised
where it is more likely than not that there is a legal or		 Yes* No* N/a'
Liability recognition constructive
obligation
committing
the charity to pay out resources and the amount
obligation
can be measured
with reasonable
certainty.		 ofthe
Governance
costs		 and support Support costs have been allocated between governance
costs and other support.
Governance costs comprise all costs involving
public accountability
ofthe charity and its		 Yes* No N/a
compliance
with regulation
and good practice.
Support costs include central functions
and have been allocated to activity cost
categories an a basis consistent
with the use ofresources, eg allocating
property costs		 Yes* No" N/a*
by floor areas, orper capita, staff costs by the time spent and other costs by their usage.
Grants with
condiTions		 performance Where the chariity gives a grant with conditions for its payment
being a specific level of
service or output tobe provided, such grants are only recognised
in the SoFAonce the		 Yes* No* N/a*
recipient ofthe grant has provided the spectfied service or output.
Grants payable without
performance
conditions		 Where there are na conditions
attaching tothe grant that enables the donor charity
realistically
avoid the commitment,
a liability for the full funding
obligafion must be		 to Yes* No' N/a"
recognised.
Yes* No N/a*
Redundancycost The charity made no redundancy
payments
during the reporting
period.
Yes* Na* N/a
Deferred income No material
item ofdeferred income has been included
in the accounts.
Creditors The charity has creditors which are measured at setfiement
amounts less any trade
discounts		 Yes* No* N/a*
A liability ismeasured
on recognition
at its historical cost and then subsequently		 Yes* No* N/a'
Provisions far liabilities measured at the best estimate ofthe amount required to settle the obligation
atthe
reporting date
Basicfinancial
instruments		 The charity accounts for basic finandal
instruments
on initial recognition as per
paragraph
10.7FRS102SORP. Subsequent
measurement
isas per paragraphs
11.17
to 11.1S,FRS102SORP.		 Yes* bio* N/a*
2.4ASSETS
Tangible fixed assets for These are capitalised
ifthey can be used for more than one year, and costat least
use by charity Yes* No* N/a*
They are valued atcost.
The depredation
rates and methods used are disdosed
in note 14.
Intangible fixed assets The charity has intangible
fixed assets, that is, non-monetary
assets that do not have
physical substance
but are Identtfiable
and are controlled
by the charity through
custody
or legal rights. The amortisation
rates and methods
used are disclosed
in note 15.		 Yes* No* N/a'
Yes No* N/a"
They are valued at cost.
Heritage assets The charity has heritage assets, that is, non-monetary
assets with historic, artistic,
scientifi'c, technological,
geophysical
or envimnmental
qualities that are held
and
maintained
principally
for their contribution
to knowledge
and culture.
'The depreciation		 Yes* No* N/a*
rates and methods used as disclosed
in note 16.
Yes* No* N/a'
They are valued at cost.
Fixed asset investments
in quoted shares, traded bonds and similar investments
are
Investments valued at initially at cost and subsequently
at fair value (their market value) at the year
end. The same treatment
is applied to unlisted
inveslments
unless fair value cannot be		 Yes" No* N/a
measured
reliably
in which case it is measured
at cost less impairment.
Investments
held for resale or pending
their sale and cash and cash equivalents
with a		 Yes* No N/a'
maturity date ofless than 1 year are treated as current asset investments
Stocks and work in Stocks hekt for sale as part ofnon-charitable
trade are measured at the lower orcost or		 Yes* No' N/a
progress net realisable
value.
FRS1 2SORP 15/02/2023
Goods or services provided as part ofa charitable
acbvity are measured
at net realisable		 Yes* No* N/a"
value based on the service potential
provided
by items ofstock.
Work in progress is valued atcost less any foreseeable loss that is likely to occur on the Yes" No* N/a
contract.
Debtors (including
trade debtors and loans receivable) are measured
on initial
recognition
at settlement
amount after any trade discounts or amount advanced
by the
charity.
Subsequently,
they are measured
atthe cash or other consideration
expected to		 Yes* No" N/a*
be received,
m,~
ents		 The charity has investments
which
it holds for resale or pending
their sale and cash and
cash equivalents
with a maturity date less than one year. These include cash on deposit
and cash equivalents
with a maturity
ofloss than one year held for investment
purposes		 Yes* No* N/a*
rather than to meet short-term cash commitments
as they fall due.
Yes* No* N/a*
They are valued atfair value except where they qualify as basic financial instmments.
~ ~ ~ ~
Note 3 Income
Restricted
Unrestricted income Endowment
Analysis ofincome funds funds funds Total funds Prior year
K f.
Donations Donations and ifts 160 986
and legacies: Gift Aid
L
acies		 186
General
charities		 grants provided by government/other 2,928 8,5T5 11,503 14,780
Membership subscriptions and sponsorships
whic r in u stanc don t'on
Donated oods facilities and services
Other
Total 3,088 8,575 11,663 - 15,962
Charitable
activities:
Other
Total
Other trading
activities:
Room hire 44,086 44 086 26,795
Subscri tions for rou s/Classes 4,1TO 354
Cafe and Events 1,452
Other 252
Total 27,'l4.9
Income from Interest income
investments: Dividend income
Rental and leasin income
Other
Total
Separate
material
item
ofincome		 Covid Insurabce
Claims
CBC Covid Grants
Furlou
h		 2,667 '2,667 2,500
2,500
3,362
Total 2.,667,L362
Other: Conversion ofendowment funds into income
Gain on disposal ofa tangible fixed asset held
for charit s own use
Gain on disposal ofa programme related
investment
Royalties from the exploitation of intellectual
r
ert		 r' ht
Other
Total
TOTALI NCOM E 55 715 8575 64290 51 463
~ e ~
Note 6 Expenditure
This year Last year
Restricted Restricted
Unrestricted income Endowment Unrestricted income Endowment
Analysis funds funds funds Total funds funds funds funds Totalfunds
Ex enditure
on charitable activities:
Cafe Expenses 340 340
Classes/Activities Expenses 1,?56 5,119 6,875 2,603 2,603
Grant Funded
Expenditutre		 479 479
Event Costs 656 60 715
Advertising
&Marketing		 340 340 490 490
Cleaners wages 3,774 3,774
Cleaning 1,404 1,404 183 461
DBSChecks 18 18 36
Depreciation
Expense		 5,177 5,17? 5,350 5,350
Electricity 2,700 2,700 1,000 1,614 2,614
Gas 692 692
General Expenses 585 1,300 1,884 423 423
Gross Wages 28,635 28,635 13,159 10,190 23,349
Health and Safety 64 35 99
Insurance 1,673 1,673 1,674 1,674
IT' and Computer Expenses 319 319 802 231 1,033
Landscaping 913 979 5,273 5,273
Licences 547
Office Expenses 131 131 161
Premises expenses 159 159 1,220 1,704
Repairs &Maintenance 1,490 2,573 4,063 2,116 103 2,219
Telephone
8 internet		 940 940 353 464 817
Water Rates 503 503 144 359 503
Total expenditure on charitable activities 5'I ti68- . 10,495 . 49,221
Se arate material item ofex ense
Funds used
in previous years
Transferred
to unrestricted
Total
Other
Accountanc 3,170 3,170 2,836 678 3,514
Other Le al 23 69 92
Funds usedin
revi		 us ears 1,035 1,035
Contribution
for room		 hire 1,521 1,521
Reclassified as unrestricted 1,452 1,452
Total other expenditure 3,170 4,008 7,1?8 2,859 3,606
TOTAL EXPENOITURE 55,138 14,503 69,640 29,255 23,572 52,827

11.1 Staff Cost s
This year Last year
K
Salaries and wages 28,635 23,302
Social security costs
Pension costs (defined contribution scheme) 47
Other employee benefits
Total staff costs 28,M5
This year:
No employees received employee benefits (excluding employer
pension costs) forthe reporting period ofmore than f60,000
Note 14 Tangible fixed assets
Please complete this note ifthe charity has any tangible f/xed assets
14.1Cost or valuation
Freehold land & Other land & Plant, machinery and Fixtures, gttings and Total
buildings buildings motor vehicles equipment
At the beginning of 698,353 34,506 732,859
the vear
Additions 8,848 8„848
Revaluations
Disposals
Transfers *
At end ofthe year 698,353 43,354 741,707
14.2Depreciation and impairments
Basis SLor RB(Straight SLor RB SLor RB SLor RB SLor RB
Line or Reducing
Balance)
Rate
At beginning of the 11,797 11,797
year
Disposals
Depreciation 5,177 5,177
Impairment
Transfers*
At end ofthe year 16,974 16,974
14.3Net book value
Net book value at the 698,353 22,709 721,062
beginning
of		 the year
Net book value at the 698,353 26,380 724,733
end ofthe year

This year Last year
Trade debtors 3,282
Prepayments and accrued income 1,970 1,617
Other debtors
Total 6,252 1,617
Note 24
Cash at bank and		 in hand
This year Last year
Short term cash investments {lessthan 3months maturity date)
Short term deposits
Cash at bank and on hand 91,538 101,923
Other
Total
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