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← Park View 4u

2025-03-31-accounts

REGISTERED COMPANY NUMBER: CE007851 (England and Wales) REGISTERED CHARITY NUMBER: 1168208

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

PARK VIEW 4U CIO

Whitehead & Howarth 327 Clifton Drive South Lytham St Annes Lancashire FY8 1HN

PARK VIEW 4U CIO

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31ST MARCH 2025

Page
Report of the Trustees 1 to 12
Independent Examiner's Report 13
Statement of Financial Activities 14
Balance Sheet 15 to 16
Notes to the Financial Statements 17 to 26
Detailed Statement of Financial Activities 27 to 28

PARK VIEW 4U CIO

REPORT OF THE TRUSTEES for the Year Ended 31ST MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charitable objectives for the Park View 4U Charity are as follows:

To provide, or assist in the provision of, facilities for education, recreation or other leisure time occupation for the benefit of the inhabitants of Lytham and the surrounding area, in the interest of social welfare and with the object of improving the condition of life of the said inhabitants. In particular:

Significant activities

Since its formation, the Charity has successfully developed a once boggy 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 provides facilities 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, both 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 maintenance and development costs of 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 small team of staff to:

Public benefit

In setting out its activities the Charity always has regard for the Charity Commissions' guidance on Public Benefit.

Grantmaking

No grant-making activity is conducted by the Charity.

Page 1

PARK VIEW 4U CIO

REPORT OF THE TRUSTEES for the Year Ended 31ST MARCH 2025

OBJECTIVES AND ACTIVITIES

Volunteers

The Charity has a large number of volunteers that are involved in delivering its objectives, these include:

Page 2

PARK VIEW 4U CIO

REPORT OF THE TRUSTEES for the Year Ended 31ST MARCH 2025

STRATEGIC REPORT

Achievements and performance Improving Park and Recreational Facilities

-Installed an inclusive play roundabout in the toddler area - Rosie's Roundabout

-Created a new wildflower meadow in the community garden, laid a new path in the woodland, created a new sign for the entrance to the park, added a new willow bee sculpture to the kitchen garden

-Growing Connections - our monthly e-newsletter continued to inform our community of activities and events at the park.

-Buzz Club - our giant bee hotel was part of a national study from Sussex University to discover which designs are preferred by which species of bees.

-Café closed for a major refurbishment, including increasing the kitchen to include a bakery, sound absorbing system, new outdoor seating area and outdoor toilet facilities

Eco Pod - Following Structural Issues with our old EcoPod - that was closed to use in June 2023 - and following a period of intensive fundraising, work has commenced on the demolition of the old Eco Pod and the start of foundations for new Education and Community Centre. Large areas of the park are now behind herras fencing and all planting from the banking of the main pathway has been removed to the kitchen garden for protection.

-Created dead hedges from fallen trees

-Converted an old shipping container into a Volunteer Hub reusing the wooden floor, lighting, heater from the demolished Eco Pod.

Events and activities

-Growing Well - Gardening and Wellbeing Festival - Land artist James Brunt, plant sale, chainsaw carving demonstrations, live music, birds of prey from Hugo's Animal Sanctuary, skateboarding with Real Skate North West, alpacas from Lowland farm, heritage crafts, stalls and activities with Coastal Collective, Fylde Eco Group, Saxon Archers, NHS Social Prescribing, The Alzheimer's Society, NVison, Morrison's Sewing Group, Pot Bound, Your Child Therapy

-Community Tree Planting Event at Witch Wood with Fylde Eco Group and LSA Civic Society. 200 trees planted.

-Fylde Neighborhood Policing Team community engagement event

-Sound baths in the amphitheater with Sweet Sound Waves

Page 3

PARK VIEW 4U CIO

REPORT OF THE TRUSTEES for the Year Ended 31ST MARCH 2025

-Official opening of the inclusive play roundabout with the Mayor and Deputy Mayor of Fylde and the family of Nicola and David Thompson.

-Summer Skills for 95 Young People aged 12 - 18 years - including outdoor yoga, skate and create, willow weaving sculptures, bushcraft skills, woodland wellbeing, woodworking

-Live Like Ralph Coast to Coast - 3 members of the Park View 4U team cycled from Scarborough to Lytham to support the LLR CIC fundraiser

-The Nettle Dress - staff and volunteers from PV4U demonstrated how to make cordage and fibres from nettles, Mel Hornby made nettle tea and cordial and Fylde Eco Group showed the film The Nettle Dress at Lowther Pavilion.

-Irish Sea Day event - delivered sand art workshops at this Lancs Wildlife Trust event

Community Engagement

Our range of community activities delivered by Park View 4U and local/national partners we work with included:

Page 4

PARK VIEW 4U CIO

REPORT OF THE TRUSTEES for the Year Ended 31ST MARCH 2025

- LSA Road Runners

Educational Programmes & Skills development

-Launched our 3 year Green Guardians project - funded by The Ernest Cook Trust - to engage children from FY and PR postcodes to help them access nature, increase biodiversity and care about their local environment. Will also deliver community events focusing on wildlife, food growing and nature connection. We were fully booked all year delivering Beach School, Forest School and our Green Guardians programme.

-Delivered outdoor education, fire safety and campfire cooking training for teachers at Medlar-with-Wesham C of E Primary School.

Page 5

PARK VIEW 4U CIO

REPORT OF THE TRUSTEES for the Year Ended 31ST MARCH 2025

-World Sand Dunes Day - sand art, beach combing, coastal clean up and beach yoga

-Thrive Outside - project aimed at people over 65 to encourage them to spend more time outdoors over the Winter months with visits to community gardens, parks, beach and meet inspiring community groups such as Dig In, Let's Grow Preston, Friends of Haslam Park, Dobcroft Nature Reserve and Geologist Trevor Lund.

-National Apple Day - community day of apple pressing, heritage apples tasting, apple bird feeder making and apple art

-Fruit Tree pruning course

Recognition and Awards

Cafe

The café and refreshments kiosk on site have been leased since July 2020 and are currently leased by the Charity to a third party operator - Paul Fowler who operates as Chocolate Tower Kiosk - who have been operating the café since 1st July 2023.

The agreement with the Tenant provides the Charity with a predictable source of income that has improved our ability to plan and conduct park maintenance activities including the employment of our site maintenance manager.

The current lease is applicable through to July 2027, with a break/review point in July 2026.

Page 6

PARK VIEW 4U CIO

REPORT OF THE TRUSTEES for the Year Ended 31ST MARCH 2025

The Tenant has undertaken extensive refurbishment of the Café through the winter season, starting in November 2024 and with works targeted to be completed for the Spring in 2025. These refurbishments have been undertaken at the cost of the Tenant, in consultation and agreement with Park View 4u Charity and Fylde Council. The works will reinvigorate the facility and ensure a modern attractive café facility for use by all Members of the public that visit or use the Charities facilities on the park. The refurbishment also provides an externally accessed toilet that will benefit all users of the parks facilities and that will be serviced and maintained by the Tenant.

This investment, coupled with the rebuild of the EcoPod Community Centre represent in the order of £500,000 investment in the community facilities at the heart of the park and set the Charity on a sure footing from which to benefit going forwards.

Page 7

PARK VIEW 4U CIO

REPORT OF THE TRUSTEES for the Year Ended 31ST MARCH 2025

STRATEGIC REPORT

Financial review

Financial position

The focus of the trustees has been to secure funding to enable the rebuild of the EcoPod following the structural issues that led the old building to be deemed unsafe in June 2023. This has been a significant activity throughout financial years 2023, 2024 and into 2025. Fund raising has been successful with enough funds being raised to ensure project completion. The new EcoPod should be completed with little or no need to use any general funds in support.

Beyond the fundraising for the EcoPod, the Charity has continued to operate with a good financial performance throughout the 2024/25 period, although the ability to raise funds through building hire for community groups or businesses has obviously been impacted.

Café revenues from rental have been achieved in line with forecast and our community activities and educational delivery programmes have returned to pre-COVID pandemic levels, supported by a range of grant funding, session charges and donations.

The Community activities we have delivered have been supported by the ongoing grant from Ernst Cook Foundation that covers the majority of core costs of one of our education and community team salaries. In addition we 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.

The Charity Trustees maintain close watch on rising costs and seek to ensure fixed contracts for electricity are negotiated to provide clear budget forecasting. Costs for the educational sessions have been reviewed and charges increased to assist with offsetting of rising utility costs. We have continued to operate a seasonal hours contract for the site maintenance costs in order to lower the overall cost within a 12 month period.

Fund balances

The financial year ended with total funds available to be carried forward of £646,563 (2024: £573,157). These funds consist of £483,178 (2024: £409,928) of restricted funds and unrestricted funds of £163,385 (2024: £163,229), which form the reserves for the Charity as it moves forward.

Financial performance

The charity is split into three departments, Café, Park & Maintenance and Education.

Café

The café building was let out to the 'Chocolate Tower Kiosk'/Paul Fowler on a 4-year lease commencing July 2023. This guarantees the charity a set level of rental income each month which covers our general overheads and contributes towards the maintenance of the park.

Annual rent for the café is £26,500, paid monthly.

Our tenant has undertaken a significant project to upgrade the facility which should see it opening in Summer 2025. We continue to receive rent throughout the closure period. We are expecting the revamped café will increase users on the park and as such, we will need to monitor and take further fundraising action against increased spend on repairs and maintenance to the park facilities.

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 improved in financial performance in the period.

The café rental income now covers the salary of our park maintenance staff and, together with unrestricted income from community and education events, also provide some financial income towards insurance and utility costs.

We have been successful in securing grant funding towards capital maintenance and repair costs for projects across the park including grants received by the Live like Ralph fund and grants to support repairs conducted by our Men's Toolkit Project Volunteers.

Page 8

PARK VIEW 4U CIO

REPORT OF THE TRUSTEES for the Year Ended 31ST MARCH 2025

STRATEGIC REPORT

Again we have been supported by Fylde Borough Council throughout the period for some costs for which we are grateful.

Education

Although the ability to deliver education sessions has been impacted by the EcoPod being closed, the team have implemented contingency plans to ensure that they can continue operating. In fact, the Education Department has increased the level of Community activities they deliver from last year and has generated income from both educational activities and general fundraising.

The salaries of the education team have been supported by the Ernst Cook Foundation throughout the period. This support, along with additional grants and the revenue received from community and educational programmes has supported the operation of this team. Going forwards we anticipate revenues will increase once the ability to hire out the new EcoPod building returns.

Principal funding sources

The Charity's main income in the reporting period have been provided by:

Grants received for:

Income from Tenant for the on-site Café and Kiosk.

Income as a result of charges made for those organisations who access our educational programmes and activities.

This income is supplemented by fundraising events and donations from individuals, organisations and partners.

Page 9

PARK VIEW 4U CIO

REPORT OF THE TRUSTEES for the Year Ended 31ST MARCH 2025

STRATEGIC REPORT

Principal risks and uncertainties

The charity's financial position continues to be strong overall. However we do continue to face risks and uncertainties, particularly around funding repairs for park assets. We have a scheduled plan for asset repairs and have been fortunate to receive significant funding during the year. However, we will need to continue sourcing further funding if we are to meet our objectives.

We also continue to face uncertainty around general donations which go towards the ongoing upkeep of the facilities. The current economic climate will mean that for a large number of park users, the ability to give generously will be harder. This will then have a knock on impact on what we receive through this channel.

Finally, as mentioned above, the Charity continues to be impacted by the significant rise in energy costs following the end of its previous fixed term contract in September 2022.

Future plans

Looking ahead, key challenges for the Charity Trustees include:

We will continue the development and implementation of the master plan for the park, in conjunction with Fylde Borough Council, that sets out the programme of required maintenance, equipment replacement and planned improvements in order to better plan financially for these.

We will 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.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, 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 constitutes a Charitable Incorporated Organisation (CIO).

Recruitment and appointment of new trustees

The Charity's constitution contains the terms with regards the appointment of Trustees, these are summarised as follows:

(1) Apart from the first charity trustees, every trustee must be appointed for a term 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 skills 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 identified and agree to join as a Trustee, they are typically invited to shadow the Trustee meetings, are provided coaching and support from existing Trustees before formal appointment in line with the conditions stated above.

Page 10

PARK VIEW 4U CIO

REPORT OF THE TRUSTEES for the Year Ended 31ST MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The Board of Trustees meet formally on a quarterly basis and more informally on a monthly basis and consider, discuss and vote on all issues and decisions that are material to the management of the Charity and its activities. These meetings also cover the Trustees duty to identify and review the risks to which the charity is exposed and ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The day-to-day 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 café 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 meetings 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 government parks departments in order to assist the benchmarking of the salaries, combined with knowledge of the relevant sectors held by the Trustees.

The charity works in partnership with a number of local community groups and charities and these relationships are managed and reviewed by the Trustees to ensure alignment to the charitable objectives of Park View 4U. As required any mutual commitments made between Park View 4U and its partners are documented and recorded in the minutes of the charity.

As of the 1st April 2017, the Charity has operated as a Charitable Incorporated Organisation.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE007851 (England and Wales)

Registered Charity number

1168208

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 1HN

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

Page 11

PARK VIEW 4U CIO

REPORT OF THE TRUSTEES for the Year Ended 31ST MARCH 2025

........................................................................ R Norman - Trustee

Page 12

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 Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Gareth Maddock BA(Hons) F.C.A. DChA

Whitehead & Howarth 327 Clifton Drive South Lytham St Annes Lancashire FY8 1HN 26 Jan 2026 Date: .............................................

Page 13

PARK VIEW 4U CIO

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31ST MARCH 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
10,362
Charitable activities
Charitable activities
50
Other trading activities
2
12,397
Investment income
3
35,830
Total
58,639
EXPENDITURE ON
Raising funds
2,639
Charitable activities
Charitable activities
90,740
Other
-
Total
93,379
Net gains on investments
-
NET INCOME/(EXPENDITURE)
(34,740)
Transfers between funds
12
34,896
Net movement in funds
156
RECONCILIATION OF FUNDS
Total funds brought forward
163,229
TOTAL FUNDS CARRIED FORWARD
163,385		 Restricted
funds
£
121,285
-
(1)
-
121,284
7,110
4,523
1,505
13,138
-
108,146
(34,896)
73,250
409,928
483,178		 31/3/25
Total
funds
£
131,647
50
12,396
35,830
179,923
9,749
95,263
1,505
106,517
-
73,406
-
73,406
573,157
646,563		 31/3/24
Total
funds
£
67,205
-
8,036
45,545
120,786
7,017
185,288
-
192,305
103,961
32,442
-
32,442
540,715
573,157

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 14

PARK VIEW 4U CIO

BALANCE SHEET 31ST MARCH 2025

Notes
FIXED ASSETS
Tangible assets
8
Investment property
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
11,102
103,961
115,063
4,379
63,377
67,756
(19,434)
48,322
163,385
163,385		 Restricted
funds
£
137,049
296,410
433,459
1,152
63,162
64,314
(14,595)
49,719
483,178
483,178		 31/3/25
Total
funds
£
148,151
400,371
548,522
5,531
126,539
132,070
(34,029)
98,041
646,563
646,563
163,385
483,178
646,563		 31/3/24
Total
funds
£
47,025
400,371
447,396
3,746
136,121
139,867
(14,106)
125,761
573,157
573,157
163,229
409,928
573,157

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 15

PARK VIEW 4U CIO

BALANCE SHEET - continued 31ST MARCH 2025

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 on ............................................. and were signed on its behalf by: 26 Jan 2026

Chris Oxley

............................................. C Oxley - Trustee

The notes form part of these financial statements

Page 16

PARK VIEW 4U CIO

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31ST MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements 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 £646,563 (2024: £573,157) and a net surplus of £73,406 in the year (2024: £32,442). The trustees are monitoring the situation and have a desire to ensure the 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 ability of the Charity to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon 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 obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where 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 rates in order to write off each asset over its estimated useful life.

Long leasehold - in accordance with the property Plant and machinery - 20% on cost Fixtures and fittings - 25% on cost Computer equipment - Straight line over 3 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the 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 financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

continued...

Page 17

PARK VIEW 4U CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST MARCH 2025

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due.

Creditors

Creditors are recognised when a legal obligation exists at the reporting date as a result of a past event, and probable there will 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, estimates 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 activities during the year. However, the nature of estimation means 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 accounts for the carrying amounts of these estimates.

2. OTHER TRADING ACTIVITIES

31/3/25 31/3/24
£ £
Pod hire income 2,400 1,610
Education income 9,996 5,678
Miscellaneous income - 748
12,396 8,036
3. INVESTMENT INCOME
Rents received 31/3/25
£
35,082		 31/3/24
£
45,265
Deposit account interest 748 280
35,830 45,545

continued...

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PARK VIEW 4U CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST MARCH 2025

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |31/3/25|31/3/24| |£|£| |Independent examiners fees|4,680|4,560| |Depreciation - owned assets|7,881|88,237| |Hire of plant and machinery|288|-|

----- End of picture text -----

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.

Trustees' expenses

During the year R Norman was reimbursed expenses totalling £1,206 (2024: £201) for costs incurred for the benefit of the charity.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |31/3/25|31/3/24| |All Staff|4|3|

----- End of picture text -----

No employees received emoluments in excess of £60,000.

7.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|3,782|63,423|67,205| |-| |Other trading activities|8,036|8,036| |Investment income|45,545|-|45,545| |Total|57,363|63,423|120,786| |EXPENDITURE ON| |Raising funds|4,621|2,396|7,017| |Charitable activities| |Charitable activities|50,036|135,252|185,288| |Total|54,657|137,648|192,305| |-| |Net gains on investments|103,961|103,961| |NET INCOME/(EXPENDITURE)|106,667|(74,225)|32,442| |Transfers between funds|7,869|(7,869)|-|

----- End of picture text -----

continued...

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PARK VIEW 4U CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST MARCH 2025

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
8.
TANGIBLE FIXED ASSETS
Long
leasehold
£
COST
At 1st April 2024
196,196
Additions
102,982
Disposals
(127,115)
At 31st March 2025
172,063
DEPRECIATION
At 1st April 2024
154,355
Charge for year
4,709
Eliminated on disposal
(127,115)
At 31st March 2025
31,949
NET BOOK VALUE
At 31st March 2025
140,114
At 31st March 2024
41,841
9.
INVESTMENT PROPERTY
FAIR VALUE
At 1st April 2024
and 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024
Fair value at 31st March 2025 is represented by:
Valuation in 2022
Valuation in 2024
Cost		 Plant and
machinery
£
8,650
-
-
8,650
3,466
2,008
-
5,474
3,176
5,184		 Unrestricted
funds
£
114,536
48,692
163,228
Fixtures
and
fittings
£
2,519
6,025
-
8,544
2,519
1,164
-
3,683
4,861
-		 Restricted
funds
£
(82,094)
492,023
409,929
Computer
equipment
£
1,232
-
-
1,232
1,232
-
-
1,232
-
-		 Total
funds
£
32,442
540,715
573,157
Totals
£
208,597
109,007
(127,115)
190,489
161,572
7,881
(127,115)
42,338
148,151
47,025
£
400,371
400,371
400,371
£
133,210
103,961
163,200
400,371

continued...

Page 20

PARK VIEW 4U CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST MARCH 2025

9. INVESTMENT PROPERTY - continued

The fair value of the Investment property was initially valued at the equivalent of 80% of the building costs that housed the Cafe as at the 31st March 2021.

The subsequent revaluation's in 2022 and 2024 are based on the Insured property value which the trustees consider to be accurate.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£ £
Trade debtors 4,587 1,068
Other debtors 450 2,678
Prepayments and accrued income 494 -
5,531 3,746
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors 31/3/25
£
15,418		 31/3/24
£
5,094
Social security and other taxes 1,740 (2,625)
Other creditors 6,323 4,923
Accrued expenses 10,548 6,714
34,029 14,106

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

continued...

Page 21

PARK VIEW 4U CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST MARCH 2025

12. MOVEMENT IN FUNDS

Unrestricted funds
General Fund
Poly Tunnel
Grans Fund
Ball
Wild Edges
Wild Edges 2
Plants to Dye for
Skate Park
Soup Dragons
Covid
FBC Community
Accessible Roundabout
Community Centre Building Fund
Restricted funds
Sand & Water Fund
Education Staff Wages Fund
Landscaping to Pod
Windmill Community
Babes in the Wood
Soroptimists
Cycling @ Park View
FBC Toilet Fund
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
NHS Cost of Living
Levelling Up
Wood Club @ Toolkit
Earnest Cook
New Eco Building
Park Yoga
Thrive Outside
Volunteer Hub
TOTAL FUNDS		 At 1.4.24
£
27,164
213
(11)
18,123
1,188
1,684
7,627
6,270
85
1,446
(320)
-
99,760
163,229
329,050
20,000
1,375
14,185
(8,114)
17,412
4,530
9,024
1,765
-
656
4,000
763
1,630
3,484
3,268
(93)
4,021
1,919
(12)
-
223
-
842
409,928
573,157		 Net
movement
in funds
£
(36,801)
-
-
-
-
-
-
3,193
-
-
-
40
(1,172)
(34,740)
(2,720)
20,000
-
(1,505)
-
-
-
-
-
(78)
-
-
-
(425)
-
(65)
-
(2,953)
(100)
(10)
82,245
370
4,425
8,962
108,146
73,406		 Transfers
between
funds
£
65,623
(213)
11
(18,123)
(1,188)
(1,684)
(5,000)
1,000
(85)
(1,308)
320
(40)
(4,417)
34,896
-
1,252
(1,375)
-
8,402
(17,412)
-
(9,024)
(1,865)
-
-
(4,000)
(763)
-
(3,484)
(3,217)
93
(442)
(1,819)
22
4,556
(223)
(4,755)
(842)
(34,896)
-		 At
31.3.25
£
55,986
-
-
-
-
-
2,627
10,463
-
138
-
-
94,171
163,385
326,330
41,252
-
12,680
288
-
4,530
-
(100)
(78)
656
-
-
1,205
-
(14)
-
626
-
-
86,801
370
(330)
8,962
483,178
646,563

continued...

Page 22

PARK VIEW 4U CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST MARCH 2025

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Skate Park
Accessible Roundabout
Community Centre Building Fund
Restricted funds
Sand & Water Fund
Education Staff Wages Fund
Windmill Community
Lytham Round Table
Glasdon Defribrillator
Men's Toolkit Project
Levelling Up
Wood Club @ Toolkit
Earnest Cook
New Eco Building
Park Yoga
Thrive Outside
Volunteer Hub
TOTAL FUNDS		 Incoming
resources
£
55,407
3,193
40
(1)
58,639
-
20,000
-
-
-
(1)
-
-
-
85,635
1,700
4,950
9,000
121,284
179,923		 Resources
Movement
expended
in funds
£
£
(92,208)
(36,801)
-
3,193
-
40
(1,171)
(1,172)
(93,379)
(34,740)
(2,720)
(2,720)
-
20,000
(1,505)
(1,505)
(78)
(78)
(425)
(425)
(64)
(65)
(2,953)
(2,953)
(100)
(100)
(10)
(10)
(3,390)
82,245
(1,330)
370
(525)
4,425
(38)
8,962
(13,138)
108,146
(106,517)
73,406

continued...

Page 23

PARK VIEW 4U CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST MARCH 2025

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General Fund
Restricted funds
Building Fund
Sand & Water Fund
Education Staff Wages Fund
Landscaping to Pod
Windmill Community
Babes in the Wood
Soroptimists
Cycling @ Park View
Little Magic Grants
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
Rhytham for Living
Warm Spaces (Lancashire CC)
Levelling Up
Earnest Cook
TOTAL FUNDS		 At 1.4.23
£
48,692
99,560
329,050
-
1,375
14,185
6,820
18,709
4,830
-
1,777
-
1,106
4,000
763
1,630
3,210
4,539
77
392
-
-
492,023
540,715		 Net
movement
in funds
£
106,668
(83,423)
(2,720)
-
-
(1,505)
(288)
(15,208)
(300)
9
88
801
(450)
-
-
(425)
3,334
900
(1)
450
4,512
20,000
(74,226)
32,442		 Transfers
between
funds
£
7,869
-
-
300
-
-
(6,532)
-
-
(9)
-
53
-
-
(763)
-
-
-
(76)
(842)
-
-
(7,869)
-		 At
31.3.24
£
163,229
16,137
326,330
300
1,375
12,680
-
3,501
4,530
-
1,865
854
656
4,000
-
1,205
6,544
5,439
-
-
4,512
20,000
409,928
573,157

continued...

Page 24

PARK VIEW 4U CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST MARCH 2025

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Restricted funds
Building Fund
Sand & Water Fund
Windmill Community
Babes in the Wood
Soroptimists
Cycling @ Park View
Little Magic Grants
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
TOTAL FUNDS		 Incoming
resources
£
57,363
(1)
-
-
-
30,001
-
500
-
879
-
-
4,060
2,641
1
(1)
450
4,893
20,000
63,423
120,786		 Resources
expended
£
(54,656)
(83,422)
(2,720)
(1,505)
(288)
(45,209)
(300)
(491)
88
(78)
(450)
(425)
(726)
(1,741)
(1)
-
-
(381)
-
(137,649)
(192,305)		 Gains and
Movement
losses
in funds
£
£
103,961
106,668
-
(83,423)
-
(2,720)
-
(1,505)
-
(288)
-
(15,208)
-
(300)
-
9
-
88
-
801
-
(450)
-
(425)
-
3,334
-
900
-
-
-
(1)
-
450
-
4,512
-
20,000
-
(74,226)
103,961
32,442

Material restricted funds include the:

Building fund which was established from grant funding to create and maintain the education buildings held in the charity; the Sand & Water fund which was created to build the sand and water play 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.

Earnest Cook funds are to pay towards Julie Norman's salary at £20,000 per annum.

continued...

Page 25

PARK VIEW 4U CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST MARCH 2025

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2025.

Page 26

PARK VIEW 4U CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31ST MARCH 2025

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31ST MARCH 2025
31/3/25 31/3/24
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 17,247 6,842
Grants 114,400 60,363
Other trading activities 131,647 67,205
Pod hire income 2,400 1,610
Education income 9,996 5,678
Miscellaneous income - 748
Investment income 12,396 8,036
Rents received 35,082 45,265
Deposit account interest 748 280
Charitable activities 35,830 45,545
Sundry charitable activities 50 -
Total incoming resources 179,923 120,786
EXPENDITURE
Other trading activities
Purchases 457 490
Other purchases 2,913 284
Bad debts - 3,170
Fund raising expenses 3 977
Depreciation of tangible fixed assets 6,376 2,096
9,749 7,017
Charitable activities
Wages 65,861 62,226
Social security 4,000 -
Pensions 1,134 1,205
Hire of plant and machinery 288 -
Rates and water 716 994
Insurance 1,057 1,822
Light and heat 10,069 15,558
Telephone 721 642
Postage and stationery 205 149
Sundries 364 1,928
Staff recruitment and training 197 1,183
Carried forward 84,612 85,707

This page does not form part of the statutory financial statements

Page 27

PARK VIEW 4U CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31ST MARCH 2025

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31ST MARCH 2025
31/3/25 31/3/24
£ £
Charitable activities
Brought forward 84,612 85,707
Repairs and renewals 1,692 6,468
Cleaning 9 136
Building and premises expenses 285 1,324
Vehicle expenses 139 207
Subscriptions 526 491
Professional fees 3,187 156
Bank charges 133 97
Long leasehold - 86,142
Other 90,583 180,728
Depreciation of tangible fixed assets 1,505 -
Support costs
Governance costs
Independent examiners fees 4,680 4,560
Total resources expended 106,517 192,305
Net income/(expenditure) before gains and
losses 73,406 (71,519)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments - 103,961
Net income 73,406 32,442

This page does not form part of the statutory financial statements

Page 28

Issuer

Whitehead & Howarth

Document generated Thu, 22nd Jan 2026 17:06:15 GMT

Document fingerprint 831e1d67e3daf719c07ad07c7feb152e

Parties involved with this document

Document processed

Party + Fingerprint

Thu, 22nd Jan 2026 17:19:14 GMT Fri, 23rd Jan 2026 17:35:59 GMT Mon, 26th Jan 2026 9:24:16 GMT Mon, 26th Jan 2026 9:28:18 GMT

Whitehead & Howarth - Signer (2ac5dca605b3b99495cdde86e45837c1) Mr R Norman - Signer (d9ab55e37055f186484de36938792822) Mr C Oxley - Signer (baada0ff6d6dcda3ff2d0c5a0651d167) Gareth Maddock - Signer (7d66a81a4bd6f313f323cfb4345c93cd)

Audit history log

Date

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Envelope generated by Hailey Lappin (89.213.8.168) Document generated with fingerprint d94d4b12949290bdac6f9161a81440cc (89.213.8.168) Document generated with fingerprint 03d7064ff974e88c00e2e49bc59d8af9 (89.213.8.168) Document generated with fingerprint 831e1d67e3daf719c07ad07c7feb152e (89.213.8.168) Sent the envelope to Whitehead & Howarth (gareth.maddock@w-and-h.com) for signing (89.213.8.168) Document emailed to gareth.maddock@w-and-h.com Whitehead & Howarth viewed the envelope (89.213.8.168) Whitehead & Howarth viewed the envelope (89.213.8.168) Whitehead & Howarth signed the envelope (89.213.8.168) Sent the envelope to Mr R Norman (richard.norman@parkview4u.org.uk) for signing (89.213.8.168)

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