REGISTERED COMPANY NUMBER: CE007851 (England and Wales) REGISTERED CHARITY NUMBER: 1168208 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR PARK VIEW 4U CIO Whilehead & Howarth 327 Clifton Drive South Lytham St Annes Lancashire FY8 IHN
PARK VIEW 4U CIO CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2024 Page Report of the Trustees I to 10 Independent Examiner's Report Statemenl of Financial Activities 12 Balanee Sheet 13 to 14 Notes to the Financial Statements 15 to 23 Detailed Statement of Financial Activities 24 to 25
PARK VIEW 4U CIO REPORT OF THE TRUSTEES ror the Year Ended 31 MARCH 2024 The trustees who are also directors of the charity lor the purpose5 of the Companie5 Act 2006, present their report with the financial statements of the charit), for the year ended J l March ?0?4. The trustees have adopted the provisions of Accounting and Reporting by Chari(ies.' Statement of Recommended Practice applicable to charities preparing their accoiints in accordance with the Financial Reporting Sthndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). 0ECTIVEs AND ACTIVITIES Objectives and aims The Charitable objectives for the Park View 4U Charity are as follows: To provide, or assist in the provision ol, facilities for education. recreation or other leisure time occupation for the benefit of the inhabitants of L)tham and the surrounding area: in the interest of social welfare and with the object of iinproving the condition of life of the said inhabitants. In partlcular: The provision and maintenance of recreational facilities in the playing fields in LhaIn knowm as QEII Park View Playing Fields. The provision and maintenance of a Community Centre wiihin ihe QEII Park View Playing Fields. and to maintain or rnanage or co-operate w'ith any statutory authority in the maintenance and management of this centre for activities promoted by the charity in furtherance of its objects: To advance the education of the public in general and promole learning for pleasure in order to develop their individual capabilities, competencies, skills and understhndino in subjects of educational value. Signifieant aetivities Since its fomiation. the Charity. has successfully developed a once bog field into a three-generational park that provides play and recreation equipment and facilities for the use of the general public. The Charity delivers a wide range of events, activities and educational programmes for the benefit of the local community. The Charity owns an 'EcoPod' Education and Community Centre that provide facilitie5 to enable the delivery of the Charity's activities and that is available for hire by the public and our many community partners in the area. The Charity owns a cafe building and a refreshment kiosk. boih situated on the park, that (as of July 2020) are leased to a tenant with the funds generated from rental payments used to support the maiT]tenance and development costs associated '1th the park's facilities. To further its aims and objectives, the Charity undertakes fund raising events and activities and applies for relevant grants. The Charity also delivers a range of education and learning activities - the revenue from which helps to supports its work. The Charity employs a stnall team of staff to.. Manage and maintain the park landscape and the recreational facilities it provides Enable the delivery of the charity's community based events and aciivities Deliver educational and learning activities for all ages Promote the organization and development of its relationships with partner groups Public benefit In setting out its activities the Charity always has regard for the Charity Commissions. guidance on Public Benefit. Grantlllaking No grant-making activity is conducted by the Charity. Page I
PARK VIEW 4U CIO REPORT OF THE TRUSTEES ror the Year Ended 31 MARCH 2024 0ECTIVEs AND ACTIVITIES Volunteers The Charity has a large number of volunteers that are involved in delivering its objectives, these include= Park View 4U nominated volunteer David Nichols who was recognised by King Charles 111 as a Coronation Champion for the help he has given our charity over the last few vear5 Wlth our Men's Group, Gardening Club, Run Group, Smarter Running sessions and creating our bee hotel and hedgehog house. We were chosen by Cuffe & Taylor as charity partners of the Lharn Festival where JO volunteers supported the access gates with lstband$ on the night and also raised £2.578 with donations. Forest Tots - three volunteer5 SUPPOrt the deliver), of outdoor activities for pre-school aged children Park View 4U Run Group has I I qualified volunteer leaders deliver weekly social njnning groups for a range of abilities from beginner (including Couch lo 5k) through to more experlenced. All of the volunteers are also trained as first aid first responders. Smarter runninu . free weekly session delivered by a volunteer Gardening Hub - l O Community Maker volunieers maintain the kitchen garden and flower beds around the park as well as preparing the site for In Bloom judtring and meeiing the judges. Health Walk - we have two regular volunteers who support the leadership of our weekly health walk Men's Group - The Toolkit- 12 volunteers who repair facilities at the park. Wood Club - 12 men volunteer to create items lo sell io raise money for the Park View 4U charity and develop new skills - Community Maker volunteer5 SUPPOrted L)tham Christmas Lights Switch On. Park View Junior park run has 20+ volunteers every Sunday Page 2
PARK VIEW 4U CIO REPORT OF THE TRUSTEES ror the Year Ended 31 MARCH 2024 STRATEGIC REPORT Achievement and performanee Park and Recreational Facilities Created 3 new willow hurdle beds in the kitchen tsarden with support from willow artist Julie Livesey We were judged by North West in Bloom in July and Britain in Bloom Judges in August. Many of our birdboxes created by AKS Lharn year 7 & 8 students were inhabited by birds this year and looked fantastic as part of our woodland sculpture trail Volunteers from Live Like Ralph and Men's Toolkit sanded and primed the skate ramps then local graffiti artists produced new artwork across the Park View Skate Park. The event aS funded by Live Lik"e Ralph in memory of local skateboarder and artist Ralph Roberts. They also repainted the teen shelter and installed larger bins and extra benches around the park. Growing Connections - our monthly e-newsletter continued to inform our community of activities and events at the park Bought 3 shave horses, a pole laihe and tools for "Wood Club" at Toolkit thanks to ndIng from the Marsden Building Society Charitable Foundation We commissioned artist Jess Winter to produce some graffiti art on our shipping containers to advertise Fylde Family Cycling Club and our BMX track. Our men's group volunteers installed a bench donated by Jackie Sallsbury and family. The>, also dismantled the pergola surrounding the cafe and delivered a tree pruning session. Received a donation from Lytham Round Table to purchase a leaf blower and harness, rechargeable batteries and a hedge trimmer to help us maintain the park-. Events and activities World Bee Day Garden Paty with bee & nature themed activities, a sunflower growing competition, natural crafts, plant sale Big Help Out day Delivered a presentation and guided tour to members of L)qham Probus and St. Annes Probus Park View 4U Run Group - Five for Clive and Couch to 5k- with 55 participant5 - Lytham Festival fundraising event with George Ezra and Cai Bums 35 members of the Park View 4U Run Group took part in the Race for Life and raised £5870 for Cancer Research UK We were delighted to be chosen as Charity Partners for The Big Green Week Open Garden by Nicola and David Thompson with activities including art classes. yoga. meditation. druinstick workout. macrame, green household cleaning workshop and sound bath. The event raised £2.500 towards installing a wheelchair friendly roundabout at the park. World Sand Dunes Da). and Intemational Yoga Da5, Event. Partnered with F)'Ide Sand Dunes project and the British Wheel of Yoga to deliver activities on the beach including beach )'oga. litter pick and creating mindful mandalas. Sports Day Summer Event with Lanc5 County Council and AFC Fylde including football, crazy golf, races, game5 and more Page 3
PARK VIEW 4U CIO REPORT OF THE TRUSTEES ror the Year Ended 31 MARCH 2024 The Big Bike Revival x 4 sessions with Fylde Family Cycling Club. Get your bike repaired, learn how to fix your bik'e, learn to ride for adults: ride to Granny's Bay and back. "Ralphfest" a family friendly skate festival with Live Like Ralph CIC including a Skate Jam, free skate lessons, food, raffle, live music, aqua zip wire. DJ. the Songsmiihs. House of Wing4 graifili artists. It raised £7.000 for Live Like Ralph CIC Launched "Wood Club" at Toolkit - Photography Workshop with L)tham St. Annes Photographic Society Green Drive Five - 100 juniors and 400 adults took part in a l-mile and a s-mile race co-ordinated by Lytham St. Annes Road Runner5. Starting and finishin(F at Park View Cafe with medals and trophj presentation. It 15 the only Five Mile race across Lancashire. Park View 4U Run Group events including Mental Health Champion Run and Talk event. Real Skate North West delivered weekly Summer skateboarding sessions for beginners: teaching the fundamentals of skateboardlng in small groups or l- I sessions. They also launched the Cruiser Award for age 6+ Broomstick making and flying lessons for 40 witches and wizards Christmas wreath making workshops with Fylde Rangers Willow Festive decoraiion workshop with Pip Cottage Park View 4U volunteers sUPPOrted LhaM Christmas Lights Switch On Park View 4U team signed up for Tour De Ralph - Community Wami Space for 3 months over Winter with support from Seriously Hooked Up Park View junior parkrun every Sunday for 7 years Easter Egg Hunt Community Tree Planting in Witch Wood with 54 volunteers planting 200 trees on behalf of Fylde Eco Group Community Engagement Park View 4U work with locallnational parmers to deliver community activities including - Junior parkrun 2 x Weekly Forest Tots sessions Weekly Gardening Hub 5 w'eekly Lil Beatz Street Dance Cla55es Fylde Family Cycling Club - Junior Herbalist Club - Mel Hornby - Namasle Herbal Healing Health Walk - weekly - Ramblers A$SlatIOn - running for I l years The Toolkit Woodclllb Forest School Beach School - Park View 4U Run Group - Couch to sk programmes Smarter Running Seriously Hooked Up - weekly yarn social Guitar Club Th'eekly session5 Lharn Junior Football Club 5 weekly sessions of Yoga with Mel Hornby 2 wreath making workshops '1th Fylde Rangers Willow Workshops with Pip Cottage The Wild Revival Lytham Festival Windmill Community Benefit Society International Soroptirnists of the Fylde Lytham Hall Lytham in Bloom and North West in Bloom Page 4
PARK VIEW 4U CIO REPORT OF THE TRUSTEES ror the Year Ended 31 MARCH 2024 Lancashire Wildlife Trust - Love My Beach Fylde Sand Dunes Project - Lytham Round Table Fylde Borough Council Fylde Council Sport Development LSA Road Runners Lancashire Police Lytham St. Annes Together- Social Prescribing - Lharn Life and style Jolly Joggers En)est Cook LhaM Lion5 Clifton CIO Live Like Ralph Preston College Countess Dowager Eleanor Peel Trust National Institute of Medical Herbalists Lancashire Community Foundation Lancashire County Council LSA Art Society Portrait Group Fylde Council Rangers - Wam) Space First Aid Training Plus Fylde Repair Café Real Skate Nonh West Skool of Street Co-op Conimunity LSA Photographic Society Great Big Green Week Educational Programmes & Skills development NHS Community Cost of Living programme - Repair, Create and Repurpose ended M."ith IO0+ participants attending sessions including Grow Your OMTr: Fylde Repair Cafe, Natural Dyes, Green Cleaning.. Creating recycled paper and Intaglio etching using tetra pak cartons. Wild Revival's Elevate Esseniial Oils Workshop Sumnier Skate Camp Cruisers Award with Real Skate Junior Herbalist Club delivered 4 monthly workshops with Mel Hornby Delivered 2 workshops on creating willow hurdles with Pip Cottage alongside coppicing hazel and using shave horses to create 96 hazel stakes. Our third year of Junior Herbalist Club leader training with Mel Hornby MNIMH and The National Institute of Medical Herbalists. 5 participants became qualified leaders after the week long course in the Eco Pod: kitchen garden and playing fields. The Junior Herbalist Club training course also became an international success as Mel Hornby deliver the course to Naturopaths at Torrens University in Sydney. Australia in October. Forest Tots - 2 x weekly ouidoor toddler groups attended by 20 families CPD training for Lancashire Wildlife Trust's education team on naiural dyes and pigments. Wood Club at Toolkit created M'ooden sno1nen. baubles and robin5 M'hich sold out in 24 hours to raise money for the Park View 4U charity. Also ran training sessions on how to use a pole lathe and shave horses. Deliver 2 Stone Age Experiential Learning Days for schools Delivered a Wellbeing Day at Preston College for I l O students Outdoor Adventure Da}, for 150 pupils at the Willow's Catholic Primary School. Education team were fully booked throughout the )'ear delivering Ouidoor Education Programme. Seriously Hooked Up celebrated their 6th )'ear of runnin(F weekly yarn socials Fylde Family Cycling- Leam to Ride sessions Recognilion and Awards Page 5
PARK VIEW 4U CIO REPORT OF THE TRUSTEES ror the Year Ended 31 MARCH 2024 RHS North West in Bloom It's Your Neighbourhood Level 5 Outstanding Award - RHS Growing Communitie5 Award RHS Britain in Bloom Award - Gold and Best Coastal Resort - Lytham in Bloom received this award with incredible comments about Park View 4U's community engagement. wildlife friendly gardening, Plants to D)'e For project, volunteers and education. Press releases in the LSA Expre55 and Gazette Fylde Active Community Awards - Highl! Commended in Health and Wellbeing Award for Park View 4U Run Group and Highly Commended in the Contribution to aciive Communitles Indlvidual category for Park View 4U's Park Ranger Julie Noman Park View 4U Run Group won the England Athletics "Contribution to Running" Award at the England Athletics Regional Volunteer Awards Park Vie. 4U Run Group also w'on the National Am'ard for "Contribution to Running" from England Athletics. Park View Community Maker volunteers from our Gardenin( Club, Forest Tot5 and Park View 4U Run Group attended the Fylde Mayor Volunteer recognition event at Fylde Town Hall Our Community Maker Volunteers were invited on slage at Lytham Christmas Light Switch On to thank them for the work they do in the community. Coronation Champion A'ard from King Charles for David Nicho15 Park View 4U volunteer Cafe Since 1st July 2000, the cafe and refreshments kiosk on sile are leased by the Charity to a third party operator. In September 202J, the Chocolate Tower Kiosk Company took over the lease from our previous tenant Quirky Tea Rooms, rnaintaining the same terms a5 per the original lease. The agreement with Chocolate Tower Kiosk provides ihe Charity with a predictable source of income that has improved our ability to plan and conduct park mainienance activilies including the emplovment of our site Imaintenance manager. The lease be'een the Charity and Chocolate Tower Kiosk is for a maximum period of flve years with a break clause for the tenant after three years. The new tenant is proposing to undertake some renovations of the cafe building in winter of 2024125 and it is then proposed that the lease will be renewed for a rther period. Fylde Council (the head Landlord for the cafe site) have been approached and are in agreement in principal to provide a renewed Lease, on similar tenns, for a further period (maximum 7 years). Page 6
PARK VIEW 4U CIO REPORT OF THE TRUSTEES ror the Year Ended 31 MARCH 2024 STRATEGIC REPORT Financial reTr'iew Financial position The financial perfomance of the Charity has overall been good through the financial period. Savings have been made through the reduction in staifing for the Gardening and Park Maintenance, but these savings have been offset by the drop in revenue due to the closure of the EcoPod Community centre. Cafe revenues have been achieved in line with forecast. The Community activities we have delivered have been supported by a grant from Ernest Cook Trust that contributes towards the core costs of our education and community team Salaries. In addition M'e have secured a number of specific grants to deliver a wide range of social activities to bring people in the community together for their health and wellbeing. Fund balances The financial year ended '1th total funds available to be carried fornard of £573,157. These funds consist of £409,929 of restricted funds and unrestricted funds of £163,228, which form the reserve5 for the Charity as it moves forward. Financial perforniance The charity is split into three departments, Cafe. Park & Maintenance and Education. Café The cafe building was let out to Quirky Tea Rooms in July 2020 on a 5-5ear lease. This guarantees the charity a set level of rental income each nionth which covers our general overheads and contributes to..ardS the maintenance of the park. The lease was taken over by the Chocolate To.er Kiosk company on original terms: m-.ith an intent to extend the lease by mutual agreement following some cafe modifications in the winler of 2024125. Annual rent for the cafe £25,000 per annum frotn 2nd July 2022, T15ing to £26.500 per annum from 2nd July 2023, paid monthly. Park & Maintenance The Park & Maintenance department, which supports the on-going maintenance and revenue costs associated with the provision of recreational and park facilities. has maintained ils financial perfonnance in the period. In response to rising emplo}'ment and utilitv costs, as of April 202J. The Charitv has moved from a full time role to an annualised contracting approach for the post of Gardener and Grounds Mainienance in order to reduce overall costs of employment and io better reflect ihe seasonal nature of the role. This role is then supplemented by a seasonal maintenance role for 12thours a week, running from May through September to support the busy summer period. The cafe rental income now covers the salary of our park maintenance staff and: together with unrestricted income from community and education events. also provides financial income tow.ards insurance and utility Costs. We have been 5ucce55ful in securing rant tunding toTh'ards capital maintenance and repair costs for projects acr055 the park and we have continued to be supported by Fylde Borough Council throughout the period. Education & EcoPod Hire The level of revenue that the Charity has been able 10 generate through delivery of Communi. Education programmes and/or hire of the EcoPod has been significantly impacied this year as a result of the EcoPod being declared structurally unsound as a result of significant water damaue. in turn due to a number of faults M"'ith the building design and build. The Trustees took the decision to stop all use of the building in June 2023 folloiving independent surveys. The Education team have continued to provide a reduced level of activities outside in the park and have also increased beach school provision in partnership M'ith the Lancashire Wildlife Trust's F)'Ide Sand Dunes project. Rental hire revenue of the EcoPod has been impacted as we are not able to accommodate external groups whilst the building is out of use. It Is estimated that the lack of the building ha5 resulted in a loss ol income of circa £15k. Page 7
PARK VIEW 4U CIO REPORT OF THE TRUSTEES ror the Year Ended 31 MARCH 2024 STRATEGIC REPORT The salaries of the education team have been supported throuohoul the period from a Soroptimists grant received along with additional grants and ihe revenue received from community and educaiional programmes. Principal funding sources The Charity's main income in the reporting period have been provided by: - Outdoor Leaming Officer funded by the Ernest Cook Tn]st Donation from LhaM Probus & St. Annes Probus Donation from Croft's Ne'sagents Donation from Park View 4U Run Group - Five for Clive Fundraising and donation from LhaM Festival Nicola and David Thompson Open Garden Event for a wheelchair friendly roundabout "Wood Club" funded by The Marsden Buildin- Society Charitable Foundation Education team salaries from Speak Up for Women (Charity arni of the International Soroptimists of the Fylde) Live Like Ralph for Repairs for the Park Vie. Skate Park - NHS Community Cost of Living Support Grant funded our Repair. Create and Repurpose Upcycling programme Lancashire County Council funded our Wann Space Lytham Round Table for garden maintenance equipmenl Income from Tenant for the on-site Calé and Kiosk. Income as a result of charges made to individuals or organisations who access our educational programmes and activities. This income is supplemented by fundraising events and donations fmm individuals, organisations and partners. Principal risks and uneertainties The Ley strategic issue that (he Charity is facing relales to the critical condition of the EcoPod Community centre that means that the Charity had to stop ihe use of the building in June 2023, follo.ing a number of structural surveys. Unfortunately, as the company that built the EcoPod have since gone into liquidation, there is not a mechanism by which the Charity is able to seek compensation to repair the building and the independent advice we have received recommends that the existing building is demolished and replaced M'ith a new building. This is a significant and unforeseen financial impact on the Charity - the building is the central hub from which our community and education services operaie and the revenue from these and the rental of the building for wider community groups are key to the susthinabilily of the Charilv. The Chariti, is actively seeking grants in order to raise the funds required to replace the EcoPod estimated to be in the order of £300k and have agreement in principal that Fylde Council will provide a capiLqI grant to match funding that we are able to raise. Future plans Looking ahead, the key challenge for the Chartty Trustees are focused on the fundraising to enable replacelnent of the EcoPod Community Centre in order to restore the central hub for the delivery of our Charitable activities and reestablish the revenue from these, along with rental revenue of the EcoPod to suppon Ihe long terni sustainability of the Charity. We will continue the development and impletnentation ol the master plan for the park, in conjunction with Fvlde Borough Council, that sets out the programme of required maintenance, equipment replacement and planned improvements in order to better plan financially for these. We Th'ill strive to continue to deliver our wide range of activities that we believe offer best benefit to the general public, in line with our charitable objectives, either by ourselves or with our growing number of community partners. Page 8
PARK VIEW 4U CIO REPORT OF THE TRUSTEES ror the Year Ended 31 MARCH 2024 STRUCTURE, GOVERIYAIYCE AIYD MANAGEMEIYT Governing document The charity is controlled b! its governing document, a deed of mist. and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The charity is controlled by its governing document, a constitution and constilutes a Charitable Incorporated Organisation (CIO). Recruitment and appointment of new Irustees The Charity's constitution contains the term5 Wlth regards the appointment olTrustees, these are 5ummaT15ed as follows.. ( l ) Apart from the first charity trustees. every trustee must be appointed for a tem) of three years by a resolution passed at a properly convened meeting of the charity trustees. (2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. The Charity adopts the approach of regularly reviewing the collective ski115 and expertise of its trustees and identifies any gaps in this capability or experience that would benefit the charity to deliver its current or future objectives. As potential candidates are ideniified and agree to join as a Trusiee. they are typically invited to shadow the Trustee meetings. are provided coaching and support from exisiing Tnle¢S before formal appointment in line with the conditions stated above. Organisational structure The Board of Trustees meet formall! on a quarterly basis and more infonnallv on a monthly basis and consider, discuss and vote on all issues and decisions (hat are material 10 Ihe management of Ihe Charity and its activities. These meetings also cover the Trustees duty to identify and review the risks to ivhich the charity is exposed and ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The day-tfrday delivery of the Charity's activities are discharged by a small team of staff who are employed by the Charity. The staff enable the delivery of the Charity's community based events and activities, manage and maintain the recreational facilities it provides, operate the cale and help to promote the organisation and the development of its relationships with partner groups. The staff report into the Trustees and attend the monthly Trustee meeting5 to report on progress and raise any topics for consideration and decision by the Trustees. The staff also have the ability to raise any questions, issues or concerns with the Trustees as required between the meetings as required. Staff policies and procedures have been developed to provide the management framework for the Charity's employees. The pay and remuneration of the Charity's staff is reviewed on an annual basis, in line with the financial year of the Charity and recorded within the minutes of the appropriate Trustee meeting. A review is made of similar roles within the charitable sector and local governmeni parks departments in order to assist the benchmarking of the salaries, combined with knowledge of the relevant sectors held bv the Trustees. The charity works in par(nership with a number of local community groups and chariiies and these relationships are managed and revieTh'ed by the Trustee5 to ensure aliuninent to the charitable objective5 of Park View 4U. As required any mutual commitments made betw'een Park Vie. 4U and its partners are documented and recorded in the Minutes of the charity. A5 of the 1st April 2017, the Charity has operated as a Charitable Incorporated Organisation. REFERENCE AND ADMINISTRATIVE DETAIts Registered Company number CE007851 (England and Wales) Registered Charity number 1168208 Page 9
PARK VIEW 4U CIO REPORT OF THE TRUSTEES ror the Year Ended 31 MARCH 2024 Registered office Park View Centre Park View Road Lytham St Annes FY8 4JE Trustees R Norman R Nichols S Stewart C Oxley Independent Examiner Whitehead & Howarth 327 Clifton Drive South Lytham St Annes Lancashire FY8 IHN Report of the trustees, incorporating a strategic report. approved by order of the board of trustees, as the company directors, on .07'Fetr2025...................... and signed on the board's behalf by: R Norman - Trustee Page 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PARK VIEW 4U CIO Independent examiner's report to the trustees of Park View 4U CIO ('the Companv,) I report to the charity trustees on my examination of the accounis of Ihe Compan), for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company la,) >'ou are responsible for the preparation of the accounts in accordance wilh the requirements of ihe Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independeni examination: I report in respect of my examination of }'our charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 201 l Act,). In carrving out my examination I have followed the Directions given by the Charitv Commission under Section 145(5) (b) of the 201 l Act. Independent examiner's statement I have completed my examination. I confTh that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records: or the accounts do not compl), w'iih the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view M-hich 15 not a tnatter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for ac¢ounling and reporting by charilies (applicable io 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 w'ith the examination to which attention should be drawn in this report in order io enable a proper understhndints of the accounts to be reached. MdLci( Gareth Maddock BA(Hons) F.C.A. DChA Whitehead & Howarth 3?7 Clifton Drive South Lharn St Annes Lancashire FY8 IHN 07 Feb 2025 Date.. Page 11
PARK VIEW 4U CIO STATEMENT OF FINANCIAL ACTIVITIES ror the Year Ended 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds Notes ILYCOME AND ENDOWMEINTS FROM Donations and legacies 3,782 63,423 67,205 52,963 Other trading activities Investment income 8,036 45.545 8,036 45,545 23,028 35,916 Total 57.363 63.423 120,786 111,907 EXPENDITURE ON Raising funds 4,621 2,396 7,017 Charitable activities Charitable activities 135,252 185,288 101,944 Total 54,657 137,648 192,305 105,145 Net gains on investments IOJ.961 103,961 NET INCOMEI(EXPENDITURE) Transfers between funds 106,667 7,869 (74,225) (7,869) 32,442 6,762 12 Net movement in funds 114,536 (82,094} 32,442 6,762 RECONCILIATION OF FUNDS Total funds brought forward 48.692 492,023 540,715 533,953 TOTAL FUNDS CARRIED FORWARD 163,228 409,929 573,157 540,715 CONTINUING OPERATIONS All income and expenditure has arlsen from continuing activities. The notes form part olthese financial statements Page 12
PARK VIEW 4U CIO BALANCE SHEET 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets Investment property 47,025 296,410 47,025 400,371 134,330 296,410 10),961 IOJ,961 343,435 447,396 430,740 CURREIYT ASSETS Debtors Cash at bank and in hand 10 3.746 68,067 3,746 136,121 9,806 108,874 68,054 71,813 68,054 139,867 118,680 CREDITORS Amounts falling due within one year (12,545) (1,561) (14,106) (8,705) NET CURRENT ASSETS 59,268 66,493 125,761 109,975 TOTAL ASSETS LESS CURRENT LIABILITIES 163,229 409,928 573,157 540,715 NET ASSETS 16J,?29 409,928 573,157 540,715 FUIYDS Unrestricted funds Restricted ndS 12 163,229 409,928 48,692 492,023 TOTAL FUNDS 57J,157 540.715 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit ol its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees ackn0.1edge their responsibilitie5 for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial sthiements which give a true and fair view of the state of affairs of the charitable Company as at the end of each financial year and ol its surplus or deficit for each financial year in accordance with the requirements of Sections J94 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable lo the charitable company. (b) The notes form part olthese financial statements Page 13 continued...
PARK VIEW 4U CIO BALANCE SHEET- eontinued 31 MARCH 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue .07..Feb.2025..................... and M'ere signed on its behalf by: on ri5 C Oxley - Trustee The notes form part olthese financial statements Page 14
PARK VIEW 4U CIO NOTES TO THE FINANCIAL STATEMENTS ror the Year Ended 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial stal¢m¢nts The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Chariiies SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slaiements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. Going concern The financial statements are prepared on a going concern basis under the historic cost convention. The trustees consider the use of the going concern basis of accounting is appropriate. The charity has net assets of £573,157 (2023: £540,715) and a net surplus of £32.442 in the year (2023= £6,762). The (rus(ees are monitoring the situation and have a desire to ensure ihe charity maintains a net surplus position. The trustees consider that there are no material uncertainties relating to events or conditions that may cause significant doubt about the abillty of the Charity to continue as a going concern. Income All income is recognised in ihe Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the incoTne will be received and the amount can be measured reliably. Expenditure Liabilities are recognised a5 expenditure as 500n as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligalion can be measured reliably. Expendinwe is accounted for on an accruals basis and l)as been classified under headings thai aggregaie all Cost related io the category. Wl)ere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rales in order to write off each asset over its estimated useful life. Long leasehold Plant and machinery Fixtures and fittings Computer equipment in accordance with the property 200/0 on cosl 25 /0 on c05t Straight line over 3 years Investment property Investment propertv is sho1 at most recent valuation. Any aggregate surplus or defjcit arising from changes in fair value is recognised in the Statement of Financial Aciivities. Taxation The charity is exempt from corporation tax on its charitable activities. Fund aceounting Unrestricied funds can be used in accordance with ihe charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the flnancial statements. Pension costs and other p05t-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Staiement of Financial Aciivities in the period to which they relate. Page 15 continued...
PARK VIEW 4U CIO NOTES TO THE FINANCIAL STATEMENTS- eontinued ror the Year Ended 31 MARCH 2024 ACCOUNTING POLICIES- continued Debtors Trade and other debtors are recognised at the settlemenl amount due after any discount offered. Prepayments are walued at the amount prepaid net of any discounts due. Creditors Crediiors are recognised when a legal obligation exists at the reporting date as a result of a past event, and probable there ivill be a transfer of economic benefit to a third party to settle the obligation, which can be measured or estimated reliably. Financial Instruments The charity only has financial assets and liabilities that qualify as basic financial instruments. These are initially recognised at transaction value and subsequently measured at their settlement value. Judgements and estimation uncertainty The preparation of the financial statements requires management to make judgements, estimate5 and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported in the statement of financial ac(ivities during the s'ear. HoM'.ever. the nature of estimation meai)s that actual outcomes could differ from those estimates. Accruals, Depreciation and Investment property fair value have had the most significant effect on amounts recognised in the financial statements. See the notes to the account5 for the carrying amounts of these estimates. OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Pod hire income Education income Miscellaneous income 1,610 5.678 748 11.853 10,904 271 8,036 23,028 INVESTMEIYT IIYCOME 31.3.24 31.3.23 Rents received Deposit account interest 45,265 280 35,686 230 45,545 35,916 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is ststed after charging(crediting): 31.3.24 31.3.23 Independent examiners fees Depreciation - owned assets 4,560 88,237 4,640 13,278 Page 16 continued...
PARK VIEW 4U CIO NOTES TO THE FINANCIAL STATEMENTS- eontinued ror the Year Ended 31 MARCH 2024 TRUSTEES, REMUIYERATION AND BENEFITS There w'ere no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses During the year R Nonnan was reimbursed expenses totalling £201 (2023: £184) for costs incurred for the benefit of the charity. STAFF COSTS The average tnonthly number of employees during the year was as follows: 31.3.24 31.3.23 All Staff No employees received emoluments in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 996 51,967 52,963 Other trading activities Investment income 23,028 35,916 23,028 35,916 Total 59,940 51,967 111,907 EXPENDITURE ON Raising fund5 837 2,361 3,201 Charitable activities Charitable activities 43,358 58,586 101,944 Total 44.195 60,950 105,145 NET INCOMEI(EXPENDITURE) Transfers between funds 15,745 8,993 (8,983) (8,993) 6,762 Net movemenl in funds 24,738 {17,976) 6,762 RECONCILIATION OF FUNDS Total funds brought forward 510,000 533,953 TOTAL FUNDS CARRIED FORWARD 48.691 492,024 540,715 Page 17 continued...
PARK VIEW 4U CIO NOTES TO THE FINANCIAL STATEMENTS- eontinued ror the Year Ended 31 MARCH 2024 TAIYGIBLE FIXED ASSETS Fixtures and fitlings Long leasehold Plani and machinery Computer equipment Totals COST At l April 2023 Additions 196.196 7.718 932 2,519 1,232 207,665 932 At 31 March 2024 196,196 8.650 2,519 1,232 208,597 DEPRECIATION At l April 2023 Charge for vear 68.213 86,142 1.458 2.008 2,432 87 1,232 73,335 88,237 At 31 March 2024 154,355 3.466 2,519 ,232 161,572 NET BOOK VALUE At 31 March 2024 41,841 5.184 47,025 At 31 March 2023 1 ?7,98 J 6,260 87 134,330 INVESTMENT PROPERTY FAIR VALUE At l April 2023 Revaluation 296,410 103,961 At 31 March 2024 400,371 NET BOOK VALUE At J l March 2024 400,371 At 31 March 2023 296,410 Fair value at 31 March 2024 is represented by- Valuation in 2022 Valuation in 2024 Cost 133,210 103,961 16J,200 400,371 The fair value of the Investment property was initially valued at the equivalent of 8/0 of the building costs that housed the Cafe as at the 31 st March 2021. The subsequent revaluation's in 2022 and 2024 are based on the Insured property value which the trustees consider to be accurate. Page 18 continued...
PARK VIEW 4U CIO NOTES TO THE FINANCIAL STATEMENTS- eontinued ror the Year Ended 31 MARCH 2024 io. DEBTORS: AMOUIYTS FALLIiYG DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Other debtor5 ,068 2.678 6,939 2,867 3,746 9,806 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Social security and other taxes Other creditors Accrued expenses 5,094 (2,625) 4,9?3 6,714 7,108 (5,790) 1,768 5,619 14,106 8,705 12. MOVEMEIYT IIY FUIYDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unreslricted funds General Fund 48.692 106,668 7,869 163,229 Restricted funds Building Fund Sand & Water Fund Education Staff Wages Fund Landscapinu to Pod Windmill Community Babes in the Wood Soroptimists Cycling @ Park View Little Magic Grants 99.560 329.050 (83,42)) (2.720) 16,137 326.J30 300 1,375 12,680 300 1,375 14,185 6,820 18.709 4,830 (1.505) (288) (15.208) (300) (6,532) 4,530 (9) Live like Ralph Event Lytham Round Table Clive Barley's Mile Fund Decking Replacement Flame Academy Glasdon Defribrillator Live Like Ralph 2023 & Skate Park Men's Toolkit Project Rhirtham for Living Wami Spaces {Lancashire CC) Levelling Up Earnest Cook 1,777 88 801 (450) 1,865 854 656 4,000 53 1,106 4.000 763 1,630 3,210 4,539 77 (763) (425) 1,205 6,544 5,439 900 (i) 450 4.512 20,000 (76) (842) 4,512 20,000 492.02J (74,226) (7,869) 409,928 TOTAL FUNDS 540,715 573,157 Page 19 continued...
PARK VIEW 4U CIO NOTES TO THE FINANCIAL STATEMENTS- eontinued ror the Year Ended 31 MARCH 2024 12. MOVEMEIYT IIY FUIYDS- continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Gain5 and osses Movement in funds Unrestricted funds General Fund (54.656) 103.961 106.668 Restricted funds Building Fund Sand & Water Fund Windmill Community Babes in the Wood Soroptimists Cycling @ Park View Little Magic Grants (i) (83.422) (2,720) (1.505) (288) (45.209) (300) (83,423) (2,720) (1,505) (288) (15,208) (300) 30.001 500 (491) 88 (78) (450) (425) (726) (1,741) (i) Live like Ralph Event Lytham Round Table Clive Barley's Mile Fund Glasdon Defribrillator Live Like Ralph 2023 & Skate Park Men's Toolkit Project NHS Cost of Living Rhytham for Living Warm Spaces (Lancashire CC) Levelling Up Earnest Cook 88 801 (450) (425) 3,334 900 879 4.060 2,641 (i) 450 (i) 450 4,512 20,000 20.000 63.423 (137,649) (74,226) TOTAL FUNDS 120,786 (192,305) 103,961 32,442 Page 20 continued...
PARK VIEW 4U CIO NOTES TO THE FINANCIAL STATEMENTS- eontinued ror the Year Ended 31 MARCH 2024 12. MOVEMEIYT IIY FUIYDS- continued Comparalives for movement in funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unreslricted funds General Fund Poly Tunnel Ball Wild Edges Wild Edges 2 Plants to Dye for Skate Park Soup Dragons 14.281 213 3,188 1.188 1.684 16,402 18,009 (213) (3,188) (1,188) (1,684) (2,627) (31) (85) 48,692 (656) 85 15.746 8,993 48,692 Restricted funds Building Fund Sand & Water Fund Landscaping to Pod Windmill Community Babes in the Wood Soroptimists Cycling @ Park View FBC Toilet Fund Live like Ralph Event Clive Barley's Mile Fund Decking Replacement Flame Academy Glasdon Defribrillator Live Like Ralph ?0?3 & Skate Park Men's Toolkit Project Rhytham for Living Warm Spaces {Lancashire CC) 108,023 331.770 1,375 14,678 7,179 30.737 5,000 9.0?4 2,214 (8,463) (2,720) 99,560 329,050 1,375 14,185 6,820 18,709 4,830 (12.028) (170) (9,024) (437) .106 4,000 1,777 1,106 4,000 763 1,630 3,210 4,539 77 392 1,630 3,179 4,539 77 392 510.000 (8.984) (8,993) 492,023 TOTAL FUNDS 533,953 6,762 540,715 Page21 continued...
PARK VIEW 4U CIO NOTES TO THE FINANCIAL STATEMENTS- eontinued ror the Year Ended 31 MARCH 2024 12. MOVEMEIYT IIY FUIYDS- continued Comparative net movement in funds. included in the above are as follows". Incoming resources Resources expended Movement in funds Unrestricted funds General Fund Plants to Dye for 59.940 (43,538) (656) 16,402 (656) 59,940 (44,194) 15,746 Restricted funds Building Fund Sand & Water Fund Windmill Community Babes in the Wood Soroptimists Cycling @ Park View Live like Ralph Event Clive Barley's Mile Fund Decking Replacement Flame Academy Glasdon Defribrillator Live Like Ralph 2023 & Skate Park Men's Toolkit Project NHS Cost of Living Rhytham for Living Warm Spaces (Lancashire CC) 186 (8,649) (2,720) (2,443) (359) (42.028) (170) (437) (8,463) (2,720) (493) (359) (12,028) (170) (437) 1,106 4,000 763 1,630 3,179 1,950 30,000 ,106 4,000 999 1,740 (236) (I 10) 5,000 3.057 255 495 (461) (3,057) (178) (103) 77 392 51.967 (60,951) (8,984) TOTAL FUNDS 111.907 (105,145) 6,762 Material restricted funds include the.. Building fund M,hich M'as established from grant funding to create and matntaln the education buildings held in the charity,. the Sand & Water fund w'hich M'a5 created to build the sand and M'"ater plaj area and equipment used within the charities park. Soroptimists fund which provides education staff in the local Community. During the year grants totalling £30,000 were received in support of this fund. Windmill Community fund which is for the maintenance of the water pour play area, equipment and other vital repairs at the park. Men's tool kit project. A grant of £5,000 was received from The Countess Dowager Eleanor Peel Trust Fund for help towards the Men's wellbeing group. Transfers between funds Included within current year tran5fer5 betw'een funds were £9,024 frotn the restricted FBC Toilet fund to the unrestricted general fund. This is due lo costs in earlier jiears being paid from the general fund that actually related to the FBC Toilei fund spare.The grant was provided io keep people safe throughout Covid and the toilets were given priority. and deemed restricted: the funds in respect of this grant have been fully utilised. Other current year transfers between funds were transfers from unrestricted Designated funds back to the General fund as the projects the Designated funds were allocaied to have since ceased. Page 22 continued...
PARK VIEW 4U CIO NOTES TO THE FINANCIAL STATEMENTS- eontinued ror the Year Ended 31 MARCH 2024 13. CONTILYCEIYT LIABILITIES During the year the Eco pod flooring was found 10 be in poor condition as a result of stonn damage and water ingress. Structural surveys have been carried out and substhniial repair work is required. The decking around the EcoPod floor is also in a poor condition and requiring replacement. The pod has not been fit to use since June 2023 and it M'as 5ub5equently decided that it M'ould be detnolished and rebuilt salvaging whatever items was possible such as the Thindows. A £4,000 decking grant was received last year and this will be used towards the rebuild costs. Several other gYants have been applied for and received post year end towards the rebuild cost and there is potential for further grants to be received to help towards the final costs. 14. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 23
PARK VIEW 4U CIO DETAILED STATEMENT OF FINANCIAL ACTIVITIES ror the Year Ended 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations Grants 6.842 60,363 5,466 47,497 67,205 52,963 Other trading activities Pod hire income Education income Miscellaneous income 1,610 5,678 748 11,853 10,904 271 8,036 23,028 Investment income Rents received Deposit account interest 45.265 280 35,686 230 45,545 35,916 Total incoming resourees 120,786 111.907 EXPENDITURE Other trading activities Purchases Other purchases Bad debts Fund raising expenses Plant and machinery Fixture5 and fittings Computer equipment 490 284 580 683 977 2,008 88 28 1,413 87 410 7,017 3,201 Charitable activities Wages Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Staff recruitment and training Repairs and renewals Cleaning Building and premises expenses Carried forward 62,226 1,205 994 1.822 15,558 642 149 1,928 1,183 6,468 136 1,324 93,635 59,561 1,238 1,840 2,935 9,282 491 127 1,394 382 4,942 906 1,354 84,452 This page does not fomi part of the statutory financial statements Page 24
PARK VIEW 4U CIO DETAILED STATEMENT OF FINANCIAL ACTIVITIES ror the Year Ended 31 MARCH 2024 31.3.24 31.3.23 Charitable activities Brought fonvard Vehicle expenses Subscriptions Professional fees Bank charges Long leasehold 93,635 207 491 156 97 86,142 84,452 53 500 930 11,369 180,728 Support costs Governance costs Independent examiners fees 4,560 4,640 Total resources expended 192,305 105,145 Net (expenditure)lineome before gains and losses (71,519) 6,762 Realised recognised gain5 and losses Realised gainsl(losses) on fixed asset investments 103,961 Net income 32,442 6,762 This page does not fomi part of the statutory financial statements Page 25