on Numbor. 09272223 Th8 Chartty R8gl3tratkn Numbor h:_ 1159939 The Parks Foundation Report and Unaudlted Accounts 31 March 2024 THE PARKS FOUNDATION
Th• Foundatlon R•port and acc4>unt• for tho y•v•nd•d 31 M•reh 2024 P••• ¢h•rlty Inlammtlon TN•t•rfAnnual R•port harf•v•d Accountsnts. r•p FuDd• Stst•monl&s 8tAtenxnt of FIn01&IlI• Slal¢mart ofFlnoKlalMl¥llltt. PthxY•af•lal• Mov•mtrA• In R•%rNtr Fund• 11 12 13 14 16 15 sum0111$ 8•knnc• •h••l C••h1104¥ •t•t•m• 17 19 21
THE PARKS FOUNDATION The Parks Foundation Reference and Adminlstratfve Detalls Trust••s Mark Crlbb Jacqueline Thorne John Thorne Julian Watkins Laura Tllllngs-watson Lynda Catt Stuart Folley Debra Cohen Mark Klteley Mark Holloway Roger Brown Notv. Julian Watklns started 31# Oct Laura Tillings-watson started 31- Oct Lynda Catt started 31A Oct JacquelineThorne resigned l7thJuly John Taylor resigned 17th July '23 Roger Brown resigned 6th Nov'24 Charlty R•ghtr•tlon Numb•r 1159939 Company R•glstr•tlon Numb•r The charity is incorporated In England The Cricket Pavillion Winton Recreation Ground Fltzhariis Avenue Bournemouth Dorset BH91BX R•glst•r•d/Prfnclpal Offl Ind•pend•nt Examlner MISS J A Rlchardson 32 Award Road Wimborne Dorset BH217NT Accountants & tax advls•rs Chorus Accounting 9a & Ioa. Saxon Square Christchurch BH23 1(2A Trustee Annual Report 202¥24
THE PARKS FOUNDATION Trust•• Annual R•port- FY 23ft4 The Trustees, who are also the directors of the charltyfor the purposes of the Companies Act 200& Present their report with the financial statements of the charityfoT the year ended 31 March 2024. The Trustees have adopted the provislons of Accountlng and Reportlng by Charlties." Statement of Recommended Practlce applicable to charltles preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland {FRS102) {January2022) ObJe¢tlves and Actlvltl•s The charity's purpose8 as set out In the objects contained in the ¢haritJls Memorandum of Associatlons are: To provide and enhance, or assist in such, the facilities maintenance, equipping of parks gardens landscaped areas. woodland, open spaces, playlng fleld playgrounds, nature reserves and recreational amenity spaces In Bournemouth, Chr15tchurch and Poole (BCP) and the environs for the beneflt of the inhabltants there ofr, To advance public education in the area of benefit with partlcular regards to horticulture, arl)orlculture, ecology, geology, archaeology, herltage and local hlstow, To provide or asslst in the provislon of facilitles for recreation or other leisure time occupation in the Interests of soclal welfare and wlth the objects of Improving the conditions of life for Inhabltants or the area of benef It. Publ1¢ b•n•flt The Parks Foundations trhe Foundation) focus is on: Wlldlife and conservation: publlc parks, amenity spaces and nature reserves all provlde essential habitats for natlve fk)ra and fauna. Investing in nature consepdation wlll help wlth improvlng biodiversity and Increases awareness and enjoyment of nature amongst the community. Educatlon: Parks act as an outdoor educatlon resource both formally (wlth schools, colleges and universities) and Informally for hortlculture, arborlculture, ewlogy, geology, archaeology. sport, heritage and local history. Health and wellbelng: There is a wealth of evidence of the posltlve effect of spendlng tlme in the natural environment and howthe quality ofthe parks and green space close to home shapes our health over a lifetime. A good quality environment 15 closely associated wlth a decrease in problems such as high blood pressure and depresslon. Better mental health, reduced anxiety and stress are also linked with outdoor physical activity. Gardenlng and growing: Fewer adults and chlldren have access to gardens than in the prevlous generation. Gardening can transform lives regardless of age or ability. Parks can provide allotments and community growing SpaS. Community cohesk)n: understanding a communitys needs and collaboratlng in parl<s design process create spaces that serve the publia drive connectivlty and foster a sense of community ownershiFX SF)Ort & play: parks can provide informal and natural play opportunities which offer a wide range of Eenefits to children and their parents for physical development. socialising, health and learning. They are also a Setting for numerous formal and informal 5POrtlng activitles, bringing different cultures and communlties together, Publlc art and cultural event&" Public art in open spaces can be aesthetlcally pleasing, uplifting, interactlve and inspiring. Cultuial events are enrfching for resldents and visitors allke and help bring understanding and tolerance to different communlties. Trustee Annual Report 2023f24
THE PARKS FOUNDATION The Parks Foundation¥ Trustees have reviewed the Charity Commission's guidance on public benefit and are confident The Foundation is delivering against our objective4 whlch is demonstrated through our impact in 2023/24. Achlevem•nts and Performance During our ninth year as a charity, The Foundation contlnued to Increase Its impact by expanding the number of projects delivered and generating additional funds foi parks and greenspaces across Bournemouth. Christchurch & Poole. Our m05t significant work was our Green Heart Parks project which enabled usto extend our staff team and create biodiversity improvement work in additional community parks 04 for this project and more than 20 in total) and inspire local residents about the nature on their doorstep. We also took over Redhill Park café and Boscombe Chlne café and mini-golf from BCP Council following thelr closure, provldlng us wlth additional communlty hubs and a future 5UStalnable Income source. Thanks to funding, we increased the team from eight paid staff to18, includlng twoyear- long placements funded by Groundwork's New to Nature placement scheme. Late in 2023, The Foundation's CEO, Cathi Farrer, went on maternlty leave, and John Hanson stepped In as Interlm CEO. PioJKt d•llvery Green Heart Parks (forrnerty Nature Recovery projectj Additional funding of £770,000 was secured over 2 years, which enabled us to deliver this project in14 parks and employ a Community Partnerships Officer (whose role focused on increasing the diverslty of park users) and a Trading Manager (to increase our park cafe actlvities in these spaces). Our thanks go to the National Lottery Heritage Fund, the UK Shared Prosperity Fund, Public Health Dorset, and other smaller funders for supportlng this work. The Project Manager and four Parks Activators dellvered 948 nature-based events for 5,793 people, ranglng f rom nature craft clubs and frdmily friendly activity sessions Ipond dipping, bat walks, bird box making, etc), to tree & bulb plantlng, and pond creation. The events also include 331 volunteering events which encouraged 1,057 predominately regularlyvolunteers to help in thelr local park, thus helping to reduce social isolation and creating a cohort of passioT)ate people: collectively, they gave 2,1425 volunteer hours to Improving their local park& Engagement surrfeys and events in each park provided us with resider)ts' opinions about the park changes of which more than 90% said theyfelt happywtth all or most of the proposed Improvements Iwlldlife ponds tree planting, seating. etc) being made. During the year 162 trees 2,800 bulb4 1900m2 wildflower plugsbeeds and 200m2 of native hedgerow were planted. seven community growing spaces were built or enhanced, and 40 hab5tats were installed for birds, bat4 bugs ptileS and hedgehogs Parks In Mlnd Now in Its sixth year of delivery, our ecotherapy pioject creates a positive change to people's physical and mental health through a therapeutic programme of free-to-attend park-based activitie& The project focuses on parks in Boscombe and areas of Bournemouth with significant deprivation. connecting people to the outdoors and their local parks and open spaces Regular artivitles such as yoga & tai chi, natural crafts Trustee Annual Report 202¥24
THE PARKS FOUNDATION gardenlng, nature Kplks, and mindfulness techniques, all help to improve the qualty of the parks meaning the wider communlty also benefits. It Is part social prescription {with some people referred through their GP, community mental health teams, etcl whilst other attendees self-refer or simply come along to take part in activities in thelr local park. The project parks include Shelley Park, Kings Park, Woodland.Walk, Boscombe <)rfercliff Nature Reserve. KntOn Gardens. Fisherman's Walk. and beach & foreshore Our beneflciaries value the interaction with nature, arts crafts and wellbeing dellvered through the programme. We delivered 2S2 session4 of which 43 were online, wlth an average of10 people atterbding each sesslon la total of c.2.100 attendees In total). Feedback from attendees stated: 94% state they enjoy tsking park in Parks in Mind actlvltles. 88% of participants agree or strongly agree that their mental health and wellbeing has Improved slnce attending Parks in Mind sesslons. 86% of attendees feel more connected to thelr local community. 91% of particSpants agree or strongly agree that they have learnt new skills and gained knowledge and experience. 74% of attendees are maklng new friend& 85% agree or strongly agree that they are vlsltlng more parks and green space& Feedback from one Parks In Mind attendee descrfbes the benefts of the programme: "Thonkyou for organising such a varied programme. Prevlously I'd vlslt a park a couple of tirnes ayeor- now l enjoy our parks everydoyj Durlng recent health problems the Parks In Mind events are a focus of posltlvlty, bolance ond enjoyment In my Ilfe. The mlndfulness sessions have Ignited a dailypractice to be aware of noture, the chonging season4 ond living more in the pre5enL The gulded wolks looking at the fauna and flora encourage me to go outslde, notklng more, and making the most ofsummer in good company. The online Wellness in Nature course made me reflect on self-care and grodualjy changes are coming obout that are improving my life. l aim to get Involved In more ofthe gurdening and movernent session5 too. Thankyou for leading each sesslon wlth humour and energy and helping me and Othe feel at ease andlncluded. Whatever the activity, It s alwys fun to socialise over tea and biscultsl" A blg thank you to the Boumemouth Towns Fund who are supporting Park5 in Mlnd untll March 202& Urbon Greening The Foundation's invoprfement with the Future Parks project (funded the Natlonal Lottery Heritsge Fund, National Trust and Department for Levelling Up. Housing and Communities, and project partner BCP Councll) has continued, albeit now focused on Urban Greening. This project is funded until septe.mber 2024 and Its alms are: Enable communities (Tesldents, buslness and private small-scale landowners) to take practlcal action around gr&ning the urban landscape through the creation of a rangeof how-to films online and prlnted resources, etc. Deliver a number of pllot projects Induding: Installation of house martln tower5 and swift boxes. direct rkIng with residents to create greener streets. and delivering a coaching programme including offerlng free trees. native bulbs, hedgehog highways et installation of sustainable urban drainage (SuDs} near parks where flooding regularly occur Trustee Annual Report 202¥24
THE PARKS FOUNDATION o work with Icurrently) nlne schools to help them make better use of their greenspaces and adopt management plans to enhance their biodiveTsIty on site. Grow our volunteers to aid with these initiatives and their promotion across the Bouinemouth, Christchurch and Poole area, and to act as champions for those parks The Foundation is working In. Park Yoga In 2023 we delivered Park Yoga at three sltes (Bournemouth Central Gardens, the Quomps In Chrlstchurch. and Poole Park) as well as in Shelley Park through our Parks in Mind project. Average attendance numbers range from 31 to 175 (venue and weather dependent), with 69% of attendees going to six or more sesslons. One participant told us .1 love everything about Park Yoga but the fact It's f ree, you can just turn up and it's outslde are my main lovesl.. Another said "l enjoy park yoga as I have a long-term health condition so find some exercise too much. I like the fact that It is outdoors as l am very connectcd to nature.. Overall, 93% of survey responders said they felt more connected to nature/outdoors, and Sl% sald they are now visiting this and other parks more often. Community Partnershlps This new role (f rom April 23) has been identifylng some of the key barriers to park usage for different religions, ages, race, ethniclties, gender4 abllities, wealth, etc. They are working across The Foundation, helping to increase staff comprehenslon. Identifying Incluslve changes, and encouraging members of more marginallsed communltles to feel welcome in our parks. Please note this role holder VRS on maternSty leave from January 2024, and a part-time interim replacement brought in to continue and grow the work through 2024ft5. includlng worklng with minority groups to organise events worklng with partners in deprived area of Kinsorthe5t Howe, etc. Fundralslng Throughout 2023124 the Foundatlon continued to deliver on its fundraising strategy object l. Increasing awareness and engagement wlth The Foundation supporters: our soclal rnedla followers grew by 51% to 11,890 people and our e-newsletter followers grew by 53% to 2421 people. We also worked to piomote our charws brand to better effect which should see further increases in supporter Interactions, donations and volunteering in fvture years 2. Delivering cost-effectlve fundraising activities: our focus remains on grant applications which have generated £563,228 of income this financial year and account for 92% of our fundraising income. 3. Belng insight and data drlven: our customer relatlonshlp management {CRM) database has enabled us to better communicate wlth supporters tiack performance and effectivenes% and have all supporter data held In one pla. Key fundraising achievements include: Green Heart Parks" We received £250,000 of grant funding from the National Lottery Heritage Fund to deliver our programme of work5, and raised an addltional £8.084 through the Big Glve Green Match Fund and a further £1390 from donation asks placed on emails and social media. etc. We a150 applied for salaries to employ two 'New to Nature, placement roles via Gcoundwork Trust, securing £38.375 and were successful In our applicatlon to receive almost 3.000 young trees from the Woodland TrusL Cafes." We have raised £170,000 during the year for a further cafe at Alexandra Park in Poole (the old pavilion building requires extensive repairs to the roof, new Trustee Annual Report 2023124
THE PARKS FOUNDATION electrics, etc) and £25,303 for the outdoor classroom at Kingf isher Barn visitor centre. Further fundraising will take place for both buildings. Festive •vents.' We tested our first festive ever)ts In December (though, due to bad weather, Just one at Redhill Café went ahead). A fundraising raffle and live music and dance all helped to create a wonderful communty evenL and it generated additional café Income at this usually qulet time of year. The Cooper-Thompson Rescue Aviary continues to be supported by local residents and aviary visitors who kind raised £3,616 to help the on-going maintenance of this heritage attraction. Wlldllfe cam•ra& We continue to live-stream footage from cameras in Kingf isher Barn vlsitor centre and at Henglstbury Héad showing inssde nesting boxe5 and the heron nests during breeding season. under the water in one of our wildllfe ponds and the bird table In one of the nature gardens. These can be accessed via our website and we stream the footage on televisions in our cafes enabling us to bring nature Into people's homes. Memory meado Following a scoplng exerclse carried out by a consultant In 2023, WÈ commissioned four large metal flowers to be created and sited in four of the parks we work in. The alm is to sell engraved plaques (akin to those for Bournemouth avlary) which can be personalized with a messagè in memory or In celebration of a loved one, a pet, etc. The f Irst flower was installed in Wlnton Recreatlon Ground in December'23 and early testing of fundralslng messages dld not perform well. Howevef. once the remaining three flowers are Installed (estlmated Q4, to coincide with the actioning of park plans) we will be able to roll- out the campalgn messaging. Contoctless Donotlons The Foundation has contlnued to obtain donations from the four donation units. When working, these are a superb way to generate donatlons but, apart from the contactle55 donation unit located by the avlarywhlch worked for some of the year, all the other untts had functional problems resulting in a total of just £1352 being ialsed. We wlll review the future of these units in the comlng year. Tradlng Our charltable tradlng company saw income grow to £317.$74 in 2023ft4, an Increase of 92% compared to 2022t23, with a NET loss of £20.013. During this perlod. have added two more community cafes to our portfolio across riOuS parks. We have employed Trading Manager Daniel Dean to manage the growth of these cafes, and the planned take over of a 41h communlty café at Alexandra Park. funding through the surplus from each afé. Klngflsher Barn Vlsltor Centra contlnues to deliver a variety of environmental educational activities to residen Including a well-attended gardening group Revenue for the year was £62,729 Wlth an operatlng surplus of £421. During 2023124, we worked hard to raise funds to purchase an outdoor educatlon classroom. Constructlon will Cornmen at the end of this funding year for use during 2024125 and onvrdrds, enabllng us to dellver more activitle4 especially during the colder months Winton Park Cafe: This community cafe continues to provide volunteering opportunities to, predominantly, young people with special educational needs or disabilities, increasing their v40rk experience and helping them to build their confidence. We continue to work with local charities and groups who use the café for their community outreach activitles. and Revenue for the year was £i03,118 (an increase of £5,876) with an operating surplus of £12.698, R•dhlll Park Calé: We have taken this café over f rom BCP Council. Our opening of the café (May'23} coincided with a period of hot weather and families using the nearty splash pool and play area, making it a very busy time for the new manager Trustee Annual Report 2023f24
THE PARKS FOUNDATION and volunteers. Revenue for the year was £108,69Z With an operating surplus of £10.794. Boscombe Chin• Café & mlni golf. Also opened in May'24 we are operating this café during the summer months only (there Is no passing trade outside of thls time}. Revenue for the year was £45,894 with an operating surplus of £10,651 Alexandra Park Café: Building work by BCP Council has taken longer than expected, meaning we look likely to open the café around May 2024. Due to coldhiet weather and darker skies, the late autumn and winter period are quleter In the cafes. This year's Festive Event at Redhlll Park café showed that revenue can be generated, and we ralsed £4.500 to provide three local charltles with food vouchers that they distributed to low-income peoplelfamilles enabling them to come to the warm Cafes for cornpany, actfvities and a meal and drinks of their cholce. Outstandlng volunt••rs The 8oard of Trustees would like to express their gratltude to all our 306 volunteers who have supported our work across our park cafes, those who help at Parks In Mind, Green Heart Parks and other nature-based or gardening projects, as VRII as our offlce operations. They have made a fantastlc contributing to our 1,667 activitles run through the year. Golno con¢arn The Board of Trustees are satisfied with the performance of the charity durlng the accounting period and the position as of 31st March 2024. The Board considers that The Foundation is in a reasonable posltion to contlnue its activities durlng the coming year, and that the charitys assets are adequate to fulfil its obligations. Mnandal kevlew The Statement of Financlal Actlvitles shows total funds for the perlod of £3SO,033. including the restrlcted funds of £86,875 and the reserve fund of £263,158. Free reserves are £2S3,l64 belng unrestrlcted funds less NBV of fixed asset& Pollcy on r•s•rv•A The Foundation separates its financial reserves into: Restricted Funds - selfIe to a particular project or purpose as stipulated by the donor or achieved through a project specific fundralslng campaign; Unrestrlcted Funds - to underpin the general operations of the Foundatlon {adminlstration) and to be available to cover unforeseen events. Our unrestricted funds Include a small percentage (2%) of designated funds for specific projects we're delivering/fund raising for. As per Charlty Commlssion guidance. the Foundation aims to keep Unrestricted Funds at a level equivalent to between three and six months of the Foundatlon's operailng costs including project, staff and core costs This is to ensure we have enough reserves to operate for a short period, should we not be able to generate our budgeted income, Our reser¥es are currently at approximately five months of our operating costs. As such, our Trustees are satisfied with our current reseThps level. Prlnclpal fundlng 50urc•s The Foundation has continued to try and diversify Its income streams, recognising the Importance of a blended f Inance model to ensure its financlal sustainabilwty. However, durlng 202¥24 Income was still primarily generated through grants f rom trusts and foundations192%1. Tr(Jstee Annual Report 202Y24
THE PARKS FOUNDATION Investment The Foijndation's savtngs accounts were with Teachers Building Society {Charity & Community Saver 90) £23446&97 was held in this account and was transferred into our maln charity account. Streamlining our bank accounts to suit the upcoming charity needs we closed the teachers bank account on Oct . Benefactors The Foundation is very grateful to all its supporters and donor& A number of organisations have made generous donations to specific projects they wlsh to support, notably. Green Heart Parks: The National Lottery Heritage Fund, National Trust and Department for Levelling Up, Housing & Communities Parks In Mlnd: People¥ Health Trust. Actlve L)orset and Bournemouth Towns Fund (via BCP Councll}. Park Caf& Community Infrastructure Lw Neighbouihood Portion (via BCP Council}, Talbot Mllage Trust, Dorset Communlty Foundation & BCP Council. Outdoor classroorn: The Valentine Trust, The Allce Ellen Cooper Dean Charltable Foundation and an anonymous donor. Park Yoga: Park Yoga charity Other: Groundwork INew to Nature). plus donatlons from residents and event Income Prfnclpl• rfsks and unc•rt•lntl•s The prlnclpal risks for The Foundation are being unable to secure funds ft)r the core team and falling to secure our longer-term financial sustalnabllity. As such, we are building in appllcatlons for core fund grants, ensurlng we generate unrestrlcted income (rather than solely restricted and project fundlng) and buildlng-ln approprlate full cost recovery models, Structure, Govemance and Manag•m•nt Nature of Govemlng Docum•nt The organlsation is governed by the companys Artides and Memorandum. The company, limited by guarantee. was registered in England and Wales on 20th October 2014, and on 6th November the submission to the Charities Q>mmission was made. The organisation was approved as a chaiity on 14th January2015. A CharitableTradlng Company, of which The Foundation Is the sole shareholder was Incorporated on 10th January 2022 and was operatlonal f rom the start of the 2022ft3 flnancial year. Organlsatlonal Structur• On the 01 April 2023, The Parks Foundation had nlne trustee& During 20224 John Taylor and Jacky Thorne stepped down as Trustees, and V welcomed Llnda Catt, Laura filllngs- Watson, Julian Watkins who bring expertlse in brand and marketing, charities and fundraising. and evaluation respectively. The Board would like to thank John and Jaclw for their signif icant contribution to the charty in their role as Trustees. The trustees meet a minimum of quarterly to provide strategic direction foi the Foundation. Trustees are recruited and trained following the Charity Commission's guidance (CC30). All trustees are aware of the six main Essential Trustee duties (CC3). Day-to-day operations of the Foundatlon Is administered by the Chief Executive Officer John Hanson, wlth responsibilitles def ined in a Scheme of Delegation of Authority. The Foundation currently has the equivalent of ll5 full-timequiwdlent staff (FfE) members with the charity and. plus >8 FfE part-tlme hourly paid contract staff members supporting tradlng operatlon. Trustee Annual Report 202*24
THE PARKS FOUNDATION Pay and remuneration for key personnel are recommended to the trustee5 for agreement by the Chief Executive Officer in line with our delegated authority agreement. Major rfsks and thelr management Resources The FoundatlDn¥ core operational activities (governan, fInan, fundraislng. marketing, project management, volunteer management) are delivered by the Chief Executive Officer O FfE), Fundraising Manager (0.7 E). Project Offlcer - Communlcatlons & Fundralslng DFfE) and a freelance Bookkeeper. Project delivery roles (Green Heart Parks and Parks In Mind} are funded through gfants and include the Projects Manager. Parks In Mind Team Leader, Parks Activators, Community Partnerships Officer and the two New to Nature placement roles. Trading roles (café managers) are funded through catering revenue f rom each site; however. the new Area Trading Manager role has partially been funded through Green Heart Parks (Heritage Lottery) funding for its flrst two year& Durlng 23A4 we have seen a signiflcant expanslon of our project worK Puttlng pressure on our small core team to cope wlth the increased demand for HR support, financlal controls and project monitoring. We wlll need to ensure that we grow the core team's capacity and associated support processes to support our project dellvery to mltigate risks in the future. . We continue wlth our ongoing Memorandum of Understandlng (Mou) with BCP Councll for our Vlork In the parks and green spaces of Bournemouth, Christchurch and Poole. Wé also continue our outsourced IT services to Angfech Solutions in Poole. A lease for our off ice accommodatlon at Wlnton Recreation Ground is In the process of belng agreed wlth BCP Coundl. which will be on a peppercorn rent. The foundation covers all utllity bllls Fundlng 202¥24 wasthe ninth year of operatlon for the Foundation. Our revenue Increased by. 249% frorn £244,735 to £610,692. Our 2023f24 funds have prlmarlly been generated through grants for the Green Heart Parks projert {£443,2481, Parks In Mind proje 40,750). and our Urban Greening (£72,673) as well as publlc donations for our cause. The Foundation 15 committed to ensurlng that a high proportion of donated funds go dtrectly to the cause, wlth minimum administrative overheads. In terms of covering adminlstrative and fundraising functions. the Foundation is working to develop unrestricted income streams to cover costs primarily through trading and fundraising. We wlll continue to diversify these income streams to ensure we become a financially secure charity with the ability to employ a small number of paid staff. Operatlonal Operational risks such as security and health and safety are revieved and assessed on regular basis by the Chlef Executlve Officer and are mitigated as far as possible. Any signif icant risks identifled In our rlsk register are escalated to the Board of Trustees. , Plans for future p•rlods The Foundation¥ 2022-2025 strategy focuses on improving urban community parks for both wildlife and residents. Alms and key objectives for future periods To further irnprove BCP'S community parks and greenspaces for people and wildlife through our Green Heart Parks ano Urban Greening projects, focuslng on Trustee Annual Report 202Y24
THE PARKS FOUNDATION increasing community cohesion and the dlversltyof people using parks and teaching and encouraging iesidents and cornmunity groups through activlties and resources to replicate these learnings in their own green spaces. To continue to grow the reputation and supporter base of the R)undation through Increased marketing and project delrvery. To increase unrestricted ir)come to ensure that the Foundatlon becomes financially stable. thiswill be through fundraising and our trading operatlons. ' To further expand our Parks in Mlnd project in parks and communlty cafes- If funds allow- demonstrating the Impact an ecotherapy project can have on people's mental and physical health and wellbeing To develop more partnerships with community. wellbeing and environmental organlsations to dellver meaningful programme To develop corporate partnerships prurfldlng opportunltles for collaboration and ongolng viability of the Foundatlon. To seek national 5UPPOrt and funding for the work of the Foundation and to advocate charitable asslstance for the good that public parks provlde. Approval The annual report was approved by the trustees of the Charty on 28th January 2025 and slgned on Its behalf by. Stuart Folley Treasurer, Trustee Trustee Annual Report 202Y24 10
THE PARKS FOUNDATION Independent Examlnefs Report to th• Trustees of The Parks Foundatlon Indepèndent examln*s r•port to the trustees of Th• Parks Foundatlon (the Company'l I report to the charlty tru¥cees on rnyexamination of the accounts of the Company for the year ended 31 March 2024. R•sponslblllti•s and basls of report As the Trustee5 of the Company (and also its dlrectors for the purposes of company law) you are responslble for the preparation of the accounts In accordance wlth the requlrements of the Companies Act 2006 (the 2006 Act,). Having satisfied myself that the account5 of the Company are not requlred to be audlted under Part16 of the 2006 Act and are eliglble for Independent examlnatlon, I report In respect of my examlnatlon of your charitys accounts as carried out under Sectlon145 of the Charlties Act 2011 ('the 2011 Act'l. In carrying out my examinatlon I have followed the Directions given by the Charity Commisslon under Sectlon14S(S) Ib) of the 2011 Act. Ind•p•nd•nt •xamln•fs stat•m•nt Slnce The Parks Foundatlon's gross income exceeded £250.000 your examlner must be a member of a body Ilsted in section 145 of the 2011 Act. I confirm that l am quallfied to undertakethe exam5natlon because l am a member of ICAEW whlch Is a Ilsted body. I have completed my examinatlon. I conflrm that no matters have cometo my attentlon sn connectlon wlth the examination gNing me cause to believe: l. accountSng records were not kept In respert of the Company as requlred by Sectlon 386 of the 2006 Act; or 2. the accounts do not accord with those records, or 3. the accounts do not complywlth the accounting requlrements of SertSon 396 of the 2006 Act other than any requlrement that the accounts glve a true and falr vlew whlch Is not a matter considered as part of an independent examlnation; or 4. the accounts have not been prepared in accordance with the methods and prlnclples of the Statement of Recommended Practice for accountlng and reportlng by charitles (applicable to charitles preparing their accounts In accordance wlth the Financlal Reporting Standard applicable In the UK and Republlc of Ireland (FRS102)1. I have no concerns and have come across no other matters in connectlon wlth the examlnatlon to whlch attentlon should be drawn In thi5 report in order to enable a proper understanding of the accounts to be reached. Signatur• Mlss JA Rlchardson FCA FCCA DChA 32 Award Road Wimborne Dorset Date BH217NT Trustee Annua l ReFx)rt 2023n4 ii
Th• Park• Found8Uon- 8t•t•m•nt of Flnandal Adl¥lUM for tho yev•nd•d 31 Mar 20 Stat•nwrtolFlnanclalActMll•s Oncludng tb• Incom• •nd EXpffldknrnACUntl0r tIM y•ar ondod31 M•reh 2024. •5 raqulrndby th• Comp•nkn Act 2006) A1 469.192 137,078 . 2Jl176 1814 2114 JAJg Invukn•rtA 1281 Totsl lTrcom• 610 Exp•ndllur• on.. 81 91301 495,$TI oth 41 N•t In¢mrf•xp•ndltuff•)f•rth•y••r nT 9.051 (9.(01) 10V14 PS&S•7) 347X 1IXJX 125W) R•conellth rfCund• I55$ fj114 2K707 494304 Th• •ttKh•d on 21 t•40 lorni an Int•gTal of Ih•J• a¢co 12
The Pip8 Found•tlon- Slat•mont of Flnan¢ld Actlvltl•• for th• yéar •nded 31 March 2024 The P•rks Found•tlon-Anatysl• of prlor yoar total lund•, •• requlred by yrngraph 4.2 of tho 8ORP PrlorY• Unrwkl•d Rtstskt•d Prf•rY•ar Pd•rY•v 2021 202) Incom•frnm; A1 2072x1 Olhor aciMI lnVMtm1• Oth•r 3,880 2.261 1,034 T¢t•l In¢om• X17.230 exyTrdltur• on: R8t8lrtq fvn Chwltabl• K4viU•• Othar 1,116 89.065 406.012 49O,S77 Tot41 •mpWl¢UV• 319 416 tr12 N•t•xp•ffldttuM f¢r J••r (51.8151 1198,78¥ 240 ie8,240) N•t Inoom•4ft•rtr•n•f•M 14434 {287.031> IX3,671 N•t mw•m•ntln fund• 13A 1287.031) IXJ,697> 7ot•l fund• bmughlfonywd 100.1 311109 419,304 193.551 All ctlv11l d•rl¥• from ¢OnlIn opvallon• A s•pgr&to Ststwmnt ofTotsl Gkn•nd Losjtt Isrntfequwed#8s hthJ•s •1 Th• nolm •ttachd on p•p• 21 to40 forni an Int•Bral ol •eÉ¢xmts. 13
The Park• Foundth- Slat•m•nt of Fln•nclal Actlvltles fortho y•ar•nd•d 31 March 2024 Tho Park8 Foundallon- R•souvcM appllod In tho y•r8nd•d 31 M•rth 2024 t¢Avard• Ilxed usets lor Charlty use:. Funrfl yneratedkntr dqt&Win lh• SOFA 101 P.5741 (253.$9n 114.m) Th• not•• •ltsth•d 4)n P*g•s 21 t• 40 forni•n part th•8• •¢cawrt 14
The Parks Foundatlon - Sl•t•ment ol Flnanclal A¢fjvllle8 for Ihg yèAr•nd•d 31 March 2024 Movements In r•vonU• and ¢aplthl lunds lor th• yur •nd•d 31 March 2024 R•v•nu• accumul•t•d fund• UhM•¢rl¢W Rq•trfei•d Fund• Funds 20 Totsl Fur L••¢y•ar Tot•1 Fund• tst•d 1VJ.SOe 62,149 246.707 499.304 RecLvJntAéd gdrA lo1 t•for•1 104,326 (263,69n JSOma 241707 264.1 {Fromyfo trkI•d 9.051 19.051) ¢lo•lNI fund¥ 8umm•ry ol fund• T•tsi L••lY• •nd Fund• Dwlgnthd IwNI• 283.108 JOQ,OJJ %4707 Th• not•$ •tr4ch•d on p•g•• 21 to40 forni w Int•qrnl p•rt thM• •ccaunts. 15
Th• Park• Foundailon- Staloment ol Fln•nclal AclMll•s for th• y•ar ondgd 31 March 2024 .Tho Parks Foundauon Incomo and ExndhUr• Ac¢ount lor Ihg yoar •nded 31 March 2024 48 roqulr•d by th• Companlqa Act 2006 com• . A• mt•t•d so73 241,419 hv•gtm•nl kncom• Int•reBI rnc4lv4b Olh•rcgPrntlrvJ IM?m& 3,439 1281 1.034 Qiom Ineom• In th•y••r b•loY••xuptlon•l 2¥734 tsro•• In¢¢m• In th• y••rln¢luOtftg •xc•plloffl li•m• Chorflatsl• •Ap•ndliur•. exrJu&¥d•FThd•lkn •TrJ •mwls•lon 41•.170 8,787 1,116 150 4HO 1,601 Fundr8)JlNJ cosll Oth•r •xwndl T•t•l •xp•ndlturn In thoy•ar N•tln¢om• b•fw• tax In th•finrI••y 104,328 P63,5gn on In¢om• •11ort•x In 1h•fin•ncW ymr 104,328 R•t4ln•d •urp[ lor th• Ilnan¢lal y•w 20$, In ac¢udJnc•th the provhkn• ofuw ?0 umd kn Ow Th• nots• att•ch¢d on pagm 21 to 40 fonm an Int•kv•l prt Ith• •c¢oun¢•. 16
Th• Park• FOUndon . Balan Sh••t M at 31 MarGh 2024 Th? IlnarKl81 ilatemenig have b••n Pl8par In accudanc•*lLh ihe Pr10& kn P•rt 16 of ihts Comp•nl¢•Ad 20(A8. appficobl•lo siwto t wnail r•gkn 8tu•rt Fol Appro¥•d by thè brd oflnMleei on 28 JJnwy2020 Comp8nynuTthr 08272223 Th• •tt•¢h•d on Pag•B 21 to 40 lomblh IntsiMI p•rt ol ¢h•¢t 18
Th¢ Parks Foundallon- BaL4n¢• Sh•ol as at 31 Mar¢h 2024 SORP Noteft•f 2024 2023 A• w••tsl• Tw&ble 48sels Investments Mld a Ilxed u•ali 10 11 A4 10.971 Totthl Ilx8d a•••ts 10,972 D8blor8 Cuh at bjnk •nd bftthd 12 82 188.973 238,174 24.10D 248,267 Tot1 cvYr•nl a¥i•l• 42S.147 CT•dltorn.' amounts lllln¥ du• w#hln on• y••r 05,110) 5.822 P4•1 turmit au• 340,037 234,735 Th• n•t •v•t¥ ol th• ¢h#rfty 300,033 246,707 Th•lotsl n•t M••t• alth• ¢harlty •N lund•d ty ih•fund• •lth• ¢hrlty. M lollq". ftMtrf¢i•d fvnd• R•ilrfthd R•VW Fund• 19 D2 86.875 82.149 Unr••trlct•d Pun 19 D3 283,158 193158 DMlqMl•d Fund• Tot•1 ¢h•rtty fvnd• 245,707 Tho %ORP Ref hdkgted Above [8 th8111katkllBknCa Sheet Ilemi as ¥el formal SORP doajmerds. reqrnd by pJraw•ph4.60 01th• SORP, tl• t0114Td and wrlgd fomord fuThJ8 dbovo havo been Agrned tolh 80FA. Th• dlre¢torJ 8T0 ¥dslled that Ihg ¢ompanyts w)Ilkd to e¥thYyVon fromtr rwemerl to obtah an wdll under ••ctbn 47T Of1 Conw)k8 A¢1 2CfvJO. Th• membern Iwe not T•wtred th• to 4)btsln an •111 tn a(rfdarthknllh 8•dlon 47S oflhe ACL The dlr•ctoTr ared 1he1rre8w)b1EIs tor Com[9 vAlh Ihe of CwJnl•s Acl 2006 re8F¢Ct lo lee0 r•cords andthe preparal(m rfn(rourts. thÈrftyls $ubled lo Exaththn urMIBTrtswltyl8glBlaO, 8rAllh9 rwt (1th8 Ind•pwThrfenl Exambwls on pagts 11. 17
Th• Parks Foundatlon Cash Flow Statement for the yoar énded 31 Mah 2024 2023 A• mtsi•d Ca•h Ilow• fft)m oporatlng ACtivlll•• N•t c#h used In ope14 •LlvlW as shm belwi 278 101 Cash I1¢m from Inv•sthiq octfvftl Interg61 r•c•lved ofproperty. ptsnl and 4quTpwl 2,281 <24,904> P.5741 Not ¢•ah u••d In Inv••tlng actlvlll•• 13S Cash Irom ftnJnelng actfvAI• ' N•t ca•h provld•d by fln•n¢lng •dlvltl•• l)v•rnll ¢a•h u¥•d In all iellvltl•• 774 Ca•h mov•m•nt• Chaw• In cush Jnd c4$h equ4101 from ICY In tho yfrar¢rMlèd 31 March 2024 (10.083) I300.4) Caeh and ¢a#h eqth1o at 1 WI 2023 248.257 647,031 Change In c••h •nd ¢•th•qufv*Jnts due lo oxelbaryr•t•mov•m•nt• Ca•h at hnk •nd In hand l•ss ov•rdrnft• at 31 Mar¢h 231174 257 19
Th8 Parks Foundatlon Cash Flow Statement for th• y•ar ended 31 March 2024 Th• Parks Foundatlon Ca8h Flow Slat•m•ntfor th• y•ar ondad 31 March 2024 . Contlnu•d R•conclllatlon of nat Incom•l(•xp•ndltur•) to n•t ¢Mh flow from op•ratlnp acthitlos N•t Incom•rt•xpendttin) 81 Inllki 8t•l•ml •1 FlnanlAcW 104.326 1253.S97) AdJu•1m• lor Depmclallon dwgeJ w1& do%8 ollnvoslments N•tghln8 on Inveslfflerti •J•l8 Dlvklends. knt•re81 rerts Ir4>rn b¥Ime5 Intr In deblorn Inuewlldotreasè) In ¢rndlty)M. txeww lo•n8 1757 {3A39} {164.873> 49.488 12,281) {17,425) {10,805) P4•t ¢i•h u••d In op•mlln9 actlvltl IS1 An•ty•l• of e••h •nd ¢a8h •qulvAl•nts . 2024 2023 Cash In horml fly* y•w •ndod 31 Mw¢h 2024 14oUc• 4YepoeMs. Q•is than 3 ftwnths) tJ8.174 246,257 Totsl ci•h and ¢uh gqufval•nts
Th• Park6 Foundatlon
Nole• lo the Accounts forth• y•ar ondgd 31 March 2024
l A¢¢ouThtlng pollcl•s
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The Parks Foundatl¢)n N+)tO9 to the Account8 for the year ended 31 M•r¢h 2024 Incornè li)m èxchange Iron•4ctltyn• ts recd by tho crity fty g&>Js or5 ÈUPFd der¢ontr entikn•nli$ subiBotofidfkng perfcrfrfi related Ir001rfy reeoNts illwwomeqU In v•lwtoth8 goods L¥ 8tTrfjcs suprknd bilhethtytsthtrpvtha, lff¢com•lrMI • non.•x¢h•nu• tran•Ktk+n 4STts•lw¢hwlty rKlw>vaftfrcth ts dOrvKrt vluo In4 th•txiro ofmryy, w•itys fr¢¢ty g¢VmVI •qU¥e In¢om• m¢oAfi41on (SOFA) T•cqivRbb 8, Ythen a IlwOrt0r wt reEuYs In •n a$Mt# or o r•dUEOrt h its knthlllie8 afvJ Ihe chwty has legal•nYVemrt th? pJDb8bb Andc•n ts moawjr fallqbty. 8ubJ•rttol•mi• •rKIcCffjdnshIthrnI bern&b•lJr•th•<4rlyh•nllknJ k¥ th• lJn( A¢¢oynllng lord•knd In¢om• and Incom•nG•ld In •fvc• WIwf• lerm• •rKI I•Ing tyhK4m• hw• rntbe•n mot ry unc•d•knty•thts M lo8rthp th#rltyc4n méot •ny t•rmi or ¢th•ThseWth1n i()tr. rd rec41 d•tsrr•d U a unll Itls PTobabh fhtlh• temii or f•xth8 InyJ bg fflèt gr•nL InchAlry Gr[Inent IhAI h sutg'xt to pth•ncwelAled In than¢• ol ¢J8lWngthe9dS aTrJ serv$ rnquliod lrythat wl4ect to Me1CmOni wfrK4tyoulsldo IhoMntrd of Ient cMW,18 a¢)1¢d forw A Ond 8h¢rn bJr d¢d IrQMo. D8foTh&I Inci¥n• rneL ¥Wh•n Incom• qr4ntw dcth rK+lbeen dthi l) IM coTrJthoM to qHI wjtlth lh• contr¢E olth• re¢1pknlrIty.IIIO a• • 8¥wl K rac•¥glfhD wftt l? Wlb8r• Iwn• rdoted corthi ar• knFos•d or ImF4ed by • finlw. Il)ts Is ¥pp)rfknned lo tholmo p8rfod• c(mm•tJ,oty1 wMr• app1ka b a¢o)urt8d fof49 a Ilabl1nd Jhwi M the bdancè 8hoèt #G d8kn•d inL>J)W. henqronts¥r¢ receknd kn •d¥•ru ¢¢lhe •thtyfmd811 tythem. thEt• TSplfi¢llm• +Iry¢ondltc thaDmI01 r•¢ov•rytythe dc4wcl•fty partof) gr#ftt do nol wwwrtrwrdllon ol Ir£I)mene Ixrt a 1bI trj fjrty wAYml ts r•Djo5d repaym8nlbwAim•8 probBb Don•t•d good•. f4¢lIftl •nd ••r¥le 22
The Parks Foundatlon Nol•• to the Accounts lorthè yr ended 31 March 2024 Don•l•d goods t1 •r• notllx•d u••ts or• fN at afalrvdw 1$ r¢llgl>t m•uur• th•vokt• ¢fthodon8t¢d 6th8. abB6nc8olany d(e¢t•rfj &5. trthavahn15 derfv•dfremth¢4rtofth8 Itffin to IPdonoror, In tht ofgotsji that4mexythdlO 8a1¢ th• •thai•g r•8ohvth• after d•dwlty any pad ¢Nlo of 401¢ Impr8¢lk¥bJo lo mgaJLKe the falrvalu8 ofggod$donaled lorrnsth ty Ihe cD5tsofvahlIDn the bonofit•, Ih•dQrtat gwds aro rlxognlwl u JncomoWt sdd. wlh Ine¥¢ 8ThJunt brY4 f1•d asan •XPBnqe. Th• tt6t8 ofgofyys donated lor to beneficklth h deèmed lo b? thtstslrv4Je dthc4e twod• upon rtclpt. When the 8r• ¢llstrArted freety ¢rf fc ¥ nomlrl eonshJw8llon, thth•(•Trj rnntSB dIu•d ft1th8 bmè of •th, to tho vol •lth• pdntddltthbon the 4ustrMrt18 8hMi•i a cOdDtion1 rnJ Oon•t•d ••ntk•g and lad1511•• 8t•ff 8TrJ us• ofsrywty) n kKathd k61he th• ofth•vaknoflho giftloth& ¢offty. I donaled le¢¢1 w• r•cagrd8ed •sdcNlon k)c4yn?In the cah b PolklM r•lallnq to •xp•ndiiur• on good• dThrfc•&pffjVld•d to th• R•¢oonlllon of bIllI1•¥ •Thl•xpondlwr• A Uablty, •nd th• r•lbt•d •ypendi¢we. [• r¢co3nlMd ot41Wkn ¢xtslJ 09 * mull 014 p•ot •nL #nd when mu• likolyth&n nrA ihal 4 translgfclxtymk ljwfits t• r•]thd kn slkmenl and ert th• •mount olthts cl•lloD<4n b• mwur•d or r•lW •1•. Usblmknj •rlslrvJ from fulur•lundlryJ CNn1lrnts orKIc0nthKtho 09•, Irt1knO rdit•d gr•Dt•, whero thelmisvjor t amount d theT w•ndh• I11•d to Mlllgfv ptdig•tsi IM uTrc4rt•ln, rfeè • OVIn In the4erthnth, whkhls at yor ond. The Inmwd ty rnffocl ony [nue88 In b8bllrfies. 1$ ¢Jew8ed by the olary pr wihln th• ybjd, And r•vw1f Lfeny provlo IB no longer l•qutr. Thèm rnovoffl•rts •rethg151ed oru4th1•d lo ro4th fimdts towhlth Ihe ovl•lon rela. Allo¢Ing ¢o•ts lo11¥{•# IAthng.an th b8Jl$ ofno •penl 1th 8nypwW¥•dvty. Vol1 Isd•scrfb•d mom kn Nrte6. Polldes relaung to assets, bY•bllllles •ndpro¥lslon$andoth•rm•lter& Flxed A•*•l Invo•lm•nts
Th• Park8 Foundatlon Nole3 to th8 Accounts fqr th• y•ar •nd¢d 31 W1•h 2024 FL%ed 48sel heMent0 in Sha, trajtd t. pro1111nvkn0n1s•re •htA Initi8lty at¢osl upon acw1" And 8tthelrrnarket ailho bkn ohmt dal¢ atthe gflh8fi8i0l pkMI. FW Ns8el knVèSknts In ufft•d •4Utt are 4tfv balance 8he¢td81¢ At ih•but ofllwlr mwknt Val. wheio woeJcth. Wtr4re ¥4uolbn leehnws w¢ (S1d$re4 re1•borwhor¢, kntho oplrrion th& I1tell cwl8 Ihl tothe oflhèa¢¢ounts, lTrKl•J atL¥rt a mith¥l¥ undertoken al eK •rj 48 towhthth¢ •wt bewrlikn dVn. 1 galns ¢)n f•d 4110ilnhwtynw r(AV B4 Slaknenld Tnglbl•nMrf•u•th TW frt¢d8•W8•re meaJur•J al thdrorfkAI costvts or sthguenl (•110n. Kdwt•d, •• d•Krknd •bo¥•. Costwalw dloxl• ••ided In tho •M&inloJtsh)lended w01knio. Deprethuon teen prov rata In ud¢rlowTll•(Ilth• lotW4rth4p•tad r¢•bthMlv4ubuMr 8nt 8nd mqclwy Motc¢ ¥ehlcleJ 20 % sNgNIkn• 26 % tr9dr A¢¢ountlng lor nptt•l ornnts •nd Ilx•d 4•¢d G1ft8 of t814ilU•fMd 0$9•ts or wants ofa cw nathry lor Jwpyrpms elK•wlrtw sp8dffcwMt•to bty uWie¢d In Oftrthiec48ollcIWty. ora to fix•J 88•o1 fvnth aft•r#w dDnAtthl h•) b8•n Wharélha tqrml Lhe i•ft r•quirnth6chwty itsIW tho Mteton an thenfv frf•J a8elfund aou•ated Isc4tepuW rulklwj fix•Jassd fijnd, Ih8rknr•8trtd$ wo n¢ted ITh the frd WMr•th8 1&Th8 altho gm wemdtMctho uset18 tho ¢lwJty lo us•tr• A•#èlonan um¥trl¢t¢d ba81s, IntJdh¥ fo r•cefv• lh• woceeds ofony uNe#1r b•s14 Ihon lh• fd ¥•lhen wgwJulr•d fwtlfwthernTK•oflh8th¥ity• 1Chl tywn unr•sldd•Y frt • traMfer18 m•dofrorn WweStri finls lo A deW frted 9$8etfihJ. •ppropriaietofvtm$ oftsor1noI ilary. the firJtya¥lhatthls pc4ptrf atr•nsferlolxed•WlfvJSyrnmtI0th nDf Ik v8hol AnyreskbJsl rrtiltyto the+yyx tr•y*rt o contawrt l1•bty 24
Th• Parks Foundatlon Notgfj to the Accounts for the year ended 31 M#rch 2024 IDsofEr •$ IN8 pe¥ réfateslo Governmtaran(S Ihe 6Alantthattt mayb• • d8pirbJr•fromthe FR8 102 SORP IStatem•nt rrfRtrwfrnd8d P10r1ftt1rW R¢wYrvJ by Charfll4912015.188 •mond•d ty the Wl luued In Fatfiry 20161. SORP), s{rth lslJiifd co Vk• thatit N Infrfthr locomi4y wth thè SORP. Dobto Cr•dlt•rn and prov141on• CroditoTr ar41 and ¢•rn•s alth•th)nt pay•trh•tthe bllgn FIN)nclal In•trum•nt• In¢ludlng u•h •nd b•nk b•l•nc•• Cash h•ld tyth• ¢ty Is lrnluded •t tha ImrAt and #t bths. vhthrln Lwlng •Trd hlrn pur¢hu•Gonlrncl• •nd ethnmllrn•rtA R•ntsl8 pdnd OF•tln9 I•0 w•dwgwJ itr•ltytlM ba•h lh• Ipwel P•MloM-d•lln•d ¢•ntrtbullDn Kh•m tharty oper#l•8 • defv1 ptn$lon •thm•. dwyod bJ••cCrwl •¥ Fund A¢¢ountlng Unv•8tr1tsJ kmd• org wl1gbbforO ofts InAt0 kn furlIrUl Ihègemrd obJ•thw oflh•thwl •pp8altYas 1Mknd bylw. 2 Ll•bllltyto taxatlon T1 Truste0& thal the clwlty saOsk8 Ih• oal oth kn ParngrW I Schth 8 ofth• Fkn kl 2010 for UK tax purposes. ACC, the Cwty b pot•nlJaly WAwnpt from taxalh)n In ol or (4pl galns r•¢ol¥ed wlNn cateotyl covwed by chw 3 F4rt 11 of 2010 or Secuon 258 of thg T8xwllon of Charggabl? G•fjn5 Ad 1991 io Ihe ext•nt that Suth or gJlThs ¥rv awli•d on tho apedfic ¢h8rtiatle ¢l•d8 ¢f th• ¥ nD olhor pwm. 4SJeil r•X recoMrth by the ard Is 1hwae in¢krd¢d kn th• relovanl rAbyts kntho Stat•n•rtolFlrwx¥al ALXiyiis. 3 Wlndlng up ordlssolutlon olth• ¢TY Ifupon rryI ¢1 ol Ihe d>ty Ihwe rnmakn assets. afvr th• s811On ofal detrAS ird nabllNlu, tha asset r¢prns•nl•d by Ihe fvnd sh•1 be to som ¢harilalle body N bothes having simllw the th•rfty. 4 Slgnlfic4n¢• pf flA•I•l Instruments toth• chorltfv pmltlon Iswp¥ relthj to Ingnclal inlrument
Tho Parks Foundatlon Not•$ to the A¢counls for the year •nded 31 MaTch 202 8 Not $urplus b•foi• lax In th• IlrwKl yeaT 24 4.SSO 5,757 550 6 Th• ¢ontrlbullon ol volunt••r4 Th• Bowd olTNil•as•KdJ toew¢s$ lhrallts io dl ow3C6 vOlt0¥ cAwworf¢ 8croi• our yk c4fag, Ihosath) help at Pa1 In Grwi Hgort PArk• tsXh•r n•tsv&bAs•d orgvdthng a8 7 staff ¢o•t• •nd •molwM•nts 8•l•ry¢ots 2024 2023 AS Mt•t•d 319.377 219.405 16,604 EM[Ye8 N•1kl Insur•rM for•1 •tsff En)phyo¢8 conts1trAthn&) defined bontsfit p•nth Tot•1 I•11••••nd r4l•t•d Nunthrn oif¥lldm• •mPhyworrfthfft #4ulwal 12 11 12 11 Th• •Jthiil•d•qvfv•lw•tnUnWoIfiufft•1I1ffl loJrydln rf•mnt•cdrfd• h• th•y••rM 12 11 12 11 •nlty. th? No ¢mtty• recernd Offf than £80.OtM) thJttnythgy¢w. Thtotsl emrAoyee berwfts oflhek•y managerne ltyW•re È114.102 {2023. £97.3181. Key m•naoèm&rt cx)mpromLs?thg CEO. Fun(trasy PiqeGt oifKw. In t4jtsb1 freejwe boJk keopeFiS •l>J askey m8nagbment pw81n bui nol 581y. 8 DelEned contsllwtlon P•Mk>n ¥¢homgs
The Park8 Foundallon Not?8 lo the Account¥ for the yr ended 31 March 2024 y Il&bditO8 8r#J amety 45sodated vllh lh• are slKfwn ¥J¢rdebk<9 •nd rJgd 9 Romun•rallon and paym•nts to Tru•t••s and p•rnon8 tonn•clqd wlth *h•m No rAbt oflK<k•t•xQe$Ww• ddmed kniTrte kn Iyear trj 31 M¥¢h 20 (2023.£rl) 10 Tonglblo fixad 458•ts L•nd •nd Buifdln Phnl& Motor Vghl¢lo• T¢)t•l hl 1 Aprll 2023 9.437 1574 1I79n 1g.b88 29,325 3.674 IS,7Dn At 31 M•r¢h 2024 IJ4pT•dAt Al 14)rf12023 Ch•ry for the On 7.457 1,653 {6,79n 10.897 2.997 18,364 (8,797) At31 2024 . 13 13894 N•t bO¢)kll• Al 31 Mv¢h 2024 At 31 VAr¢h 2023 11 Inv••tm•nl6 Iwld K Ilxod a•••ts Irt¥•¥kn• In LIBt•d ¢Jth•rCF••¥•i •ubsldl•rlH kn¥••lrn•nts vlkN••tment Tot•1 ¢•rrylngv•luu ol Inv••tmwt• At 1 20rJ At31 M•r¢h 2024 AnW• b•lw••n IrlO and hl•torfral co•t Inv•5bnents as abova h&J altslrvAI
Th• Park8 Foundatlon Not•8 to th• A¢¢ounts lor th• yoar ond•d 31 M•rch 2024 Thg wld[¥ry f)ynpsny Is The Pwks Ftyjndakn Trndlr¥J Lknlted ujmpyy rwthl8 13837LW. TM knthe fina14 y•¥ erJ4d 31 Wrch 2024 was t20.01312023. wofit£5.564. T1¥&F•W¥ offvcorrywyASrt 31 Vor¢h 2024ww• •dofKild£14.45012023. £&563). 12 D•btorn 23 A• r•Jt•t• Tr4d• d•bl$ treresl 67.443 119&10 23,817 13 CrndltOM: Imo1•111n9 wlthln on•y• 24 TrAd• ¢Mdlorn 71,110 33Jl1 PAYE, NICVAT•nd 1412 i.ni 14 Fund• r•c•lv•d a• ag•nt LhJlr¥J trb•ye8r lo 31 Mareh 2024 £1ry2.293 {2023.E88.207 Num R4Mvery•Thl Po P& RO¥Ter4¢ •• Iln M6petaolthè Urt1 #nd mud W¢j Ao •tthe b8l•wsP4t d..£58.37012O23. £nlll 15 Gu•vant•H mid• tythe ¢harlty on bqh•l1 oltN•tM• 10 Incom• •nd Eyndttur• a¢¢ounl •umrnary Al 1 Aprfl 2023 sur1{10S9) tho 241707 104.326 499,304 (253.$97) At31 M•r¢h 2tr 17 No r•kntsd prty trarn•¢llons 18 Partlculats ofhow pwtl¢ularfunth ar• rnpr•¥•nt•d by a•Mts and Il&blllil•s 28
Th• Parks Foundauon Noteg lo th• Accounts forth• year ond•d 31 March 2024 At 31 March 2024 Yow Fwnd• nd¥ uod• tund¥ Tonqltde FL¥•dAs Invostmarl8 aivaluatk)n.'. Flx¢d #ssellnvu1m11 4,995 332,969 (85.1101 5,303 88.875 428,14Y (86,110) Cwr•nl U4bth• 01876 Al l Aprfl 2023 nd• A• rwt•l•d A• M¥t41• Tandbye Flx•Jkn•l• IMslm•rts al v4luikn:. Flxed 411 Inv••trn¢n CurrnntA$50ts CwrnntUbAIK8 10.971 11971 8,208 62,149 2N367 (¥0221 62 149 707 19 Change Inlol•l ov•r th• y••ra• thown In Not• 18, analy¥•d by thdlvldu•l lund• fund•pArrt•d forlafrM lthd• th 2024 TrAr1•[• ftyr•w4to 2021 tundi In 2024 ••• Now 21 ••• NDl• 21 193.55 8OA49 Tol•1 unr•slrf¢W Ind dMlgn•t•d lund¥ 193 Pwkl In Nthnd FU PA• Gi¢ethJ} Conlod•88 Don•thsTIllI Nature Rer£ P*kYoga 1.275 lJ.665 13.53$ 23.272 502 7.280 28,189 I4,4) p.9971 60 16,7SO 4055 41,734 (9,0611 2D375 10.750 Total mtrfctld tsnd• 'Tol•l ¢harfty lund 20 Anatysl• offfiov•ments In fund8 oveTlho yoarm Shown In Note 19 oth 29
Tho Park8 Foundatlon Not•• lo tho Ac¢ount8 forth• y•aronded 31 Mareh 2D24 IneoJR• EwndlluTh Gal$ . MOv•mt Lou•• In 2024 2Q24 Unr•ffjlrtctsd wJdd••lgn•t•d"lund&- 4nM14 1413.086) R•¥trtct•dlundL Pa% In Mr F1¢ Pqrk• (Utsi (•erty) 137,0 1446291 144BS1 7310 24481 p,9•7) Yoga 1<140 Outdoor Cl4wotyn 10.700 147GO 21 D•t•ll• of tran•hr• b•lw••n funds In th• y•Ar •hown In Not• 19 In N>la 19 •bov••w:. X124 Tr•rthiN frpm) FuThli R••trj Fd1+YjdSw9 l•& 9.051 9.051 TornI R¢8bId Rw•roJ• FuTrJ• N•ttransf•rn 22. Th• puwo••• forwhl¢h th• lund• M d•iall•d In not• 19 arn hd ty th• chwlty ar•:. Th•s• lJrd• •re hthJft¢the rneebn9 I&108¢¢Ih•(a1Iy. wd to Pr r•wv•• kf Ijr¢ JivibM. wbj. u44eil 1)¢thartylelOTr, •r• R•strbd FtxedAM•l FXIS Tho Ihfj tkllexnj thxounlkng p¢41 In Mr Thls 6Jnd 8lm%to en4 Ihg SU5twt4rtyolowuthn•nvtrorwnlwlthl Parks Grn8rty) 7htsthJrwJ18 an e?lon Pwkswowwnm?. BCP kntrsfrm 8 parks Thls fvmd 13 dBdic8ted to owparbr*hpwkn Yoga delvwwwyogg Pqrk Y¢
The Parks Foundatlo Note to the Accounts forthe year ¢nd?d 81 March 2024 23 Ultlmale ¢ontrolllng party Th8 ¢haityl• Un11th cothl oltts regalMb¥& Every m¢mbof oflh8 Ch1$ lo con1th• arnt as may té ieqitt•J not eXethI £1 totho ass8ts01 thj eJ)mpany In tho event of18 Llr#J UP110 h?or8h• ts • m¢mber. or wlLth ojwyw after h?rysh* ces 31
The Parks Foundallon Dotall•d •nalyffjls ol Incom• •nd •xp•ndltsr• forth• y•r•nd•d 31 M•r¢h 2024 •# r•gulred byth• SORP Thls •nalysls Is cl•uslll•dby¢onv•nkn•lnomlnd•$tPrf0n$ •ndnotby•¢thilty. 14 Donillon• L•g•cl•• . Cwv•rty•ar Cwr•Tht•F . Ilir•lthd R••trlcl•d PrfoiY••r T¢t•l FuTr)d• X124 . 01•t1¢nI gllts fram Ihdhldu small donthns IrMIP41thJ•lty l•M than £101XI 25.151 30,041 33,473 Totsl don1¢¥ •nd 91ft1 from kndfvhlu•l• 26,111 30,011 33,473 knnu• irnnts lrnm gov•mm•nt•nd pwblk bodl•• Gov•Nm•nlgr•nfo 274.Of8 274818 34,280 Total publ1¢ N¥•A* 274,018 27{118 Smal gr•nts lThlMdually l•uthon £10 Governm•thtgM¢• 2P.030 128.3 5,569 155.915 132.988 Total prl¥•t• •tttOi¥•V•DWl 9rnThts 114421 211A11 Glft am r•clilm•d 3,QO 2,939 Tot•1 Glft•ld n¢knlm 2JJ Totsl Donatlon• •nd L•gacl Al 1¥7 45• IOZ 71 . 69627 212,176 25 lrtarn8 from ch•rft4bh •ctlvlih•- TradlDB Acfjvlu PthY••r R•sbl¢l•d T•tsl 20 Prfm•rypUrpI and •n¢l1tr•dl 8.109
Th? Parks Found•llon Detslhd •Th•l of Incom• Jnd •xp•ndltur• lorth• •r•d•d 31 March 2024 u Y•qulr•J by th• SORP Totsl Prlmary purpo•• •nd •ndll•rytr4dln 8,169 21 Tot•1 In¢om• fiém ¢hirfl•bl• •ellvlll•¥ euff•nty••r Unwtrf¢t•d fl•$¢1• Fund• Prtwymr TWI Fund• 2024 Ai f••t•tsd Tot41 InuJm• from ¢hathtl• trathg 8.169 6,383 Totsl Imm ¢hirlt•bl• •thltkn• 27 .In¢om• from oth•r, non ¢h•rll•bh, tfadlnq a¢ll¥ltl•• Cwrtft¢1T ¢wMniy••r Prforwl Uw••¢d6l•d R••ltht•d TolAI Fyndb TotslFund• Funds A• ml•l•d Inc4mè Irom lundrthlw 011¥ 2A14 2,814 3,880 Tol•l from oth•r•Gtl¥lU•• 1814 2114 28 Inv••tm•nt In¢om• Cwr*)ly••r fyfftnty•4r cuwr•rtyMr TotsIFMnd• prtorywr lynd• 2024 2023 A• Bk Inter• R•cdv4b 3.439 2,281 Totsl Imi•sthwnl th¢0 29 Other In¢om• and ylns ¢uYrnrty••r CuTr•nt>wi Curr•hty•4T PAorY••r . ilnwtrlelfd Rulwkl•d Tot•1 Fuh T•t•l F¥rthf• Summary ol othor Income Sundry oth•rlrKom• 1.034 Totsl •th•i Incom•
The P4rk• Foundatlon Dotalled Nls18 of Intom• and •xp•ndllurri lorth• y••r •nd•d 31 AlaKh 2024 r•qulr•d by th• SORP JD Exp•ndllurn on ¢haTllobh a¢tMll•- Dlr•Èt •p•ndlng CvmAty••r Cwff•Dty Currnm¢y• P4lorY Uw•trkW Il••trttt•d YotslFuth Totsl 2fj24 2021 Gr048 wag•6 and 881#th - charftabl• Jctivlllé• Employers, Nl- Ch8rltable 8cdvlli Dofined bendl pemlon M818- cha14b •¢livlli•s 237,474 117.474 219.405 16.067 14967 18.504 6.397 V•7 8,382 Travel Ind Subyiil•nc4- Ckaiitsbh Adt¥lO•B Cornmunlty Giidonl Plontlng Landse4plkng Wotsrin9 Scupllum & Struckn Tools and WY9n¢ Clothlng EqiMpmenl r•nlal & m•lnt•n•nc4 2,387 2.387 •13 .gfjs 22,180 101 11,227 12a8 18A79 1314 37 22,177 105 1.068 10,159 18.47• 2.314 37 9.410 Totsl dlr•ct•p•ndlng .J62.•18 215,320 31 Exp•fid1M on ch•rft•bl• thtl••- Gv•ntfvndlng ola¢llvltl•• ¢uff•rty•ar CwYthty•4r Cwr•ntwi Prtwyknr Uffjr•¥tsl¢tsd R••lrkt•4 T•tslF¥nd• ToblFund• 2024 ' Gr8nts made to 11•1i0 121.690 Tjtsl gr•nlrn•llng ¢0•ts B2¢ olGrnnt• ftMd• to ory•nIM1 C¥ry•Dly••r Cwrnhty• prtoiymr Vllr••Irl¢ ft•thct•d TotalFwDth Toi•l F1 Fundb FyThJ¥ 21 A• m•tst•rt 121.5èLI 121.590 . 34
Tha Park8 Foundatlon Dèlalled •Tr•lplB olln¢om8 and ¢xpendllurn for thè swrend•d 31 March 2024 4• fequlrèd by thè SORP 32 Support Costs Support¢o$ts beforn rnallo¢aUon 121,017 121047 11e.018 Totsl support Costs 121,047 121,047 111,018 Thè b88kn of alkon01Cotsts b¢bMon adl¥dlé$ Is devthd atwjnllnq pc41cly8 J3 Olher Exp•ndltur•- Goy¢m•nc• coots CwTrnty••r U4mfrl¢t•d Fund• 2024 Curr•nty•¥r R••trf¢f•d Fun nty••r TotslFundB prtorYMr Yol•l FwTrd• 2024 Z024 2023 AA r••lal•d Ind•p•ndonl EX11•6 f¢08 1,(KJO 1,QOO 650 Tol•l GoY•rNnu eo•t• Imoo 660 34 Totsl Chrltabl• •xp•ndlluY• C¥rf•ThtyMr ilnr•Jfrf¢tsd Fund• ¢urMntyMr T•t•l Pundi PdI¥r Toill Funds R••trt¢l•d Fund 2024 2024 2023 A• r•4tat•d Tol81 dlr•ct spding Tolgl gf&nlm8king costs Tolal 8UPPOrt CO8t8 Total Gov¢rn8t)Ce C06ts 821 B2 B2d 82• 289,517 93.301 382.818 255,320 121.590 118,018 660 121.047 I00 121,047 1,100 T•tsl ¢h8rftsbl• •xp•ndllur• 496 878 35 Expèndltur• on rilslng fvnd¥ and ¢o•ts ol Inv••tsA•nt m•nagwn•nl Currnnty••r R•lrfeiqd FrS Cw7•n¢y••r Cuff•nty•u T•tsl Fund• PJlorY•r Totsl FundA Fund• 2024 202J As rea1 Co81 ol lundrAlshg acllvN•s 1,501 Total fwndrAl•lnq costs B1 1,M1 1,601 1.116 30 othor tradlng •Xp•ndl1 unrnlat•d to lundrnlskng or chrftsble acllvltl•# Cuty•nty•r Curf•nIr Totsl Fund* Prforyw Totsl Fund• R88trtctrd Fund• 2024 Fund$ 2024 21124 Z02)
The Park• Foundatton D8tall8d •nafyryl$ ollncoM• and 6xp•ndlthM forth•p4r •nd•d 31 M*r¢h 2024 •• Thqulrod by lh• SORP Saltry 8UPPOrt tr•n81w . 1.838 Non ¢h•rlty•xp•ndltw• B3b 1.638 37 Tol•l of oth•r •xp•nthT• C¥wrwly••r Curr•rty••r ¢uN•nly• T¢ts] Fund• PrfDFY••r T•tsl Fund• 2023 A• rn•tst•d Non ¢harlty •yindlium Total oth•r •xp•ndlturn 37
Th• Parks Foundallon Actlvtty anaty#l# ofkncom• and •xp•ndttw• forth•forth• y•ar•nd•d 31 Ihr¢h 2024 Thls an•ty$ls 1$ cla¥ssHlodbyactTylty•ndnotbywiv4ntlonal nomlnald•s¢Ytlons. 38 Analysts of Incom• by acllvlty 80FA AI 2023 A r•d Ineom• Irom a¢tMII•¥ Vrty 4189 InGom• from ottrth¢, non tr•dlng •¢ll¥kl•• Summ•ry of Tol•l Incom4 In¢ludlng th•ll•ms bo eharhableathtr Olher 1¥11[¢ Donolbyo & Legad Irwelm•rt INArn• Olher Inc>)m A2 8.16• 2,014 696,270 3,439 3,800 232.178 2,281 1,034 Al Tot41 In¢wn• ¥ hown In th• SOFA C•f•90rf4• oll•J¢om• 610,892 39 An•ly81• of¢h•rflabl••xp•ndlturn by aGllvlty Acifvlty Dlr•ct •ts 8upport ¢o•ts fundlng of •GtITAtI•s Tot•1 Tolal 2023 Cts•rlt•bl• •c&vty Enhanco Gi••n SF•c•8 148.$24 148.324 247.296 5,717 242,622 Sl•ff costs 353.490 353,490 Tot•1 Ch•rftabl• •thlty 608,3 494670 8umrnry olehwM¢oslsby 4ctl¥lty Ra¥lng Fund ChJrftsbl• Suppoort T4)ts1 Towl G¢)v•rnn 38
Tha Parks Foundatlon Actlvlty anÈlysl8 of Incorn• and oxpendllvro forth•for Iho year•nd•d 31 Mrch 20 Slaff costs 35.a07 262,839 PpAC0S 101879 IT setvt 3S)J9D 101879 4.351 17,966 104,473 2.991 1,878 1,787 1,681 12,943 962 S,757 121.590 4.351 17,986 rf(th ar¥J co18 1946 18.067 1,107 18.067 1,107 Iniuianc GrnN•o Tot•1 ch•rit•bl• •yp•nOIw• Tr7 ThD 0111th LAthlJd In nol•34 An•ly¥l• of iupport a4NI gov+m•n co•ts by ch•Tlt•bhacllvltl• Totsl Admty 1.000 Summ•ry •fgr•ntm•klno Grnnt• to ar to support Inllknrtlon• hMl¥ldu• T•tsl 121.590 d*Jl• mwlè In 31. 40 Analyjls of non ¢harftal¥l• •dIrn byxflvlty Adfvmy Fun41ralslnH Fundrntslnq Olrwtfundral•lni tolts l.a01
Thè Park• Foundallon Acilvlty anaWls ollncomo and •xpondlture forth• for tho y•ar•nd•d 31 Paarth 2024 0owman Oov•rnanE• Cts 2024 GOV¢mn 2023 Ohr Expordture. Gmmarr1 •$ d¢t•kd in Note33 2023 A• r•st4t•d 1,601 1,118 Tot•1 non ¢k•rft•bkn•xp•ndll¥M Th• k•Jkklywn¢tthli by typ•¢f•pwthg Ite tri rKffilnl du6t1t ard ty( 1$ dal•1j In nth37