Charity RegiJtration No. 1178841 WELLBEING AT GARON PARK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 RickardL
WELLBEING AT GARON PARK LEGAL AND ADPIINISTRATIVE INFORMATION Trustees C Shtfel TA Margerison JJ Burrage Wyall A Priesl {Apwinled 7 February 2023) {Appoinl8d 6 February 20241 Charlty number 1178841 P¥incipal addr•$s Cricket Pavilion Southend-on-sea Essex SS2 4FA IndoP0ndènt examlner Rickard Lud¢ln Llmiled I sl Floor County House 100 New London Road Chelmsford Essex CM2 ORG
WELLBEING AT GARON PARK CONTENTS Paga TrLEsle8s' rowrt Indopgndenl examinerfs report statement of financial a¢tlvllles Balance sho81 Notes to the financial st81gmenls 7-14
WELLBEING AT GARON PARK TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Iruslees present thelr annual report and fin8naal slalernents for the year ended 31 December 2023. Thè finandal slalemenls have btsen prepared in accx)rdance wtlh the accounting polic8 sèt out in note 110 the financial slalemenls and comply with the oharily's consi1Stulion, the Charities Act 2011 anrl "Arcounling and Reporting by Charllles.. Statement of Recommended Practice lupdaled for bulletin 1 & 2} appllcable lo charities preparing Iheir accounts in accordance with tho Flnanclal Reporting Stand8rd Appllcable in the UK and Republic of lieland IFRS 102) {efféctiva l January 20191" ObJe¢tlvès And actlvitie8 The ch8rily's objects are lo asslsl charities and Charilablo bodles working for the benéfit of the inhabilanls of the borough of Soulhend on sea and surrounding areas by prov(ding and maintaining secure 8nd prtvale facilities.. Al lo promote and protèct Ihe good physical, mental and sensory hèalth of th@ residents, andlor Blfor the recreation or other leisure Ilme occupation of those resldents who have need of sud) falitIeS by reason of their health. Infirmity or disablement in tho interests of social welfare and with the okJl8cI of Improving their ndItIOnS of life. The tru3lee$ h8v8 paid due regard lo guSdance issued by the Charity Commission In deddlng what acliwli68 the charily should tJnd@rtakg. Achlévements and ptrfomiance 11 has been a tough 12 months for the local mmunity. bul I'm pl&8séd to report another year of progress at WBGP in pursuit of our aspiration to improve tha mental and phy8iC31 hoallh and wellbeinu of thè local Community. Continuing the progross we made Sn 2022123, wa were able lo maintsin ond extend our interactons with partnèr organisalions. Our corè physical fa¢%llty. The Wellbelng Park, saw user numbers In¢rease from around 21,500 In 2022123 10 in excess of 26,000 in 2023124 (200k growth) as our activities helped people recover from the offects of Ihe pandemic and our fa¢11illes enabled lo play a positive role in the rocovary of the local COrnTnunily. Helping m¥ny local young pÈopl8 through the undoubted anxieties they face, as well as supportlt7g thé neurotypical and others with a rang8 of neurodivergent condllion8 back into educalian wtth our partners EH4CP, has been extrematy rèwarding. We have also successfully partn8r8d with ATF lo support those young people who are al Tisk of offénding. This has been hlghly successful with conlinuod high allendance levels and p0Sve outcomes wttith has highlighted that the programmès w& are offering are of great value to Ihe local ¢ommvnity- Our Coronalon event was delivered freè of charge, staffed by volunteers and was attendèd by nearly fifteen hundred local p8oplo. This has demonstratèd the scale of our dellvery potential. Our frIdShip meals provided happiness, conlenl and ramaradeTie forAfghan, Ukrainian and many other refuoees Ihrovghoul the year. Funding wise 2023124 was really lough. as the big funders were inundated with requests for support in iesponse lo the national and local cost of living crlsis, however we were successful with 8 numbor of smaller funding opportunities which allowed us lo support smaller projects and actlvitias at Garon Paik. Imporianlly, were able Its keep delivering In2Volunleering and In2Work programmes with the UK Shared Pro5perily Funding {UKSPFI, however, other opptsrtunilles were scaTCe. Tha Trustees recognise that the incorne of the Ch8rlly is subject lo tluctualion, particularly this year, givon the diffiwll 6conomic conditions already alluded lo. We have been able lo rely on our Landlord for cashflow support prioT lo Gr8nl Funding aTrivinu, and whilst this help would ¢onlinLJe if it were n8cÉssary again in the fuluie, wè are commltted lo building reserves in coming years lo en8urÉ services lo benefidarSes are mainlainad by Wellbeing. So In the year lo 31 December 2023 there was an ov8rspend on the unreslrtcted expenditure in excess of the in¢omÉ received in the yo8r. As 2 result, unreslrl¢ted fu¢KJs are CUTrenlly In a neualive balance of £18,011,allhough this has already bsen rècllfièd in the current fillan¢lal year with lunding raiséd in the first 4 months in excess of £50,000.
WELLBEING AT GARON PARK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Followlng a successful pik)I pioleol, Th& Garon Park Ywlh Club has been 8 real success and we were awarded an Essex High Sheiiffs Award. which t8¢ognised the achlevemenls of Anna, our Youth Lead. and her 18am who deliver we8k in week out lo our 350 Tegislered members. W8 are all excited for Ihg year ahead a8 on8 of capaclly bulldlng in the communlly and ralsing funds to provlde more fa¢lllll88 which our surveys and consultations have hlghNghted as d85perately needed. Flnanclal rovlew The trustees report that despite an undoubtedly ¢hall8nging year due lo the pandèmic, a number of key developments have been athi8veil and Ihe charity has seen financlal growth. Th¢ ¢harlly holds reslricl8d lund8 for tho purpose of conlinuln9 work on the Wellbeing Trall at GAron Park, Ihe employment of key peisonnel as well as for the developrnenl of f¥¢S1illgs such as a nature school, community garden and a community shèd, as swjported by the UK IA8n's Sheds A5so¢lallon. The Iiuslegs have assessed tha major rfsks lo which Ihe charlly Is exposed. and are 8alisfj8d that Systems are in pla to mlligale exposure lo the m8jor risks. structurei govemanco and management The charfly18 a Charitable I1pOrated Organl&alion ICIOI. and18 govem8d by Ms con81itutlon. The tru$leas w$ swved duAThJ the year ond up lo the date of $lgnaluie of thè financl81 glatements werè: C ShSr81 TA Margerison L Bou118f JJ Burrage CJ Wyalt A Prfesl (Resigneil 21 May 20231 (Appointed 7 Foiyuary 2023) (AppoSn18d 6 February 20241 Th repo approved by the Board of Truslee$. C Shlret Tru8le8 TA Marg8rls Trusts8 Dated., ? I
WELLBEING AT GARON PARK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WELLBEING AT GARON PARK I report lo th8 Iruslaas on my examination ol the finandal slalemenls ol INellbelng 81 G8ron Park Ilhe chaTityI for the year ended 31 December 2023. This report is made solely lo the charity's trustèès. as a body. in accordanc8 with section 145 01 the Charitiès Act 2011. My work has been undertaken so that I might slate to the charily's Irusltses those mallers l am required lo stale lo them In Ihis report and foT no other purpo3p. To the lullesl extent permilled bylaw. I do not accept or assume respon$lbllily lo anyone olher than the tharlty and tha charity's Iru51ees as & body, for my work, for this report, or for thé opinions I have formed. Rospon$ibllltlès and basls of report As the Iiuslees of the charity you ala responsible for the preparation of the finan¢lal statements in accord8n¢e with the Tequlrements of the Charities Ad 2011 Ith8 2011 Adl. I report in respect of my examlnallon of the charity's financial statements carried out under sèctlon 145 of the 2011 Aci. In carrying oul my ex8min8tion I have followed all the appli¢8bla Directions givell by the Charity Commlsslon under section 145(5llbl of the 2011 Ad. An Independènt ex8mltt8llon does not involve galherlng all th8 èvldence that would be Tequlred In an audlt and consequently does not cov8r all the malters that an auditor considers in gimng their opinlon on the financial stat6m8nts. The planning and ¢onduct of an audit goes beyond the limlled assLtrance that an Ittdénd@nt examin81ion Gan provide. Consequen(ly l Èxpr8ss no opinion as lo whether the finanaal stalements prègènt 8 'Irue and fair, eW and my report is limSled lo Ihose SpeCC matters sel out in thé Ind8pendenl examiner's statement. Ind•p&nd&nt examinerfs $tstsm8nt I have completed my examinallon. I confirm that no matters have Come to my altenlion in conntr¢llon with Ihe oxBminalion giving me cause to belleve Ihal in any material re8ped: accounting rècords wèr& not kept in respect of the charfly as r8quired by sectlon 130 of Ihe 2011 Act.. or the fillandal slal¢menls do not acrd with thosè records., or th& finanei81 statements do not cornply wlth the apWicable requlrémènts concerning the form and ¢tsnlenl of accounts sel out in the Charities IA¢¢ounls and Reports) Regulations 2008 other than any requirement that the accounts glve a true and fair vvew which is not a matter considered as part of an independent examination.
WELLBEING AT GARON PARK INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF WELLBEING AT GARON PARK I have no concerns and have come aGrog9 no other mallers in connection with thè ex8min8lion lo which allenlion should be drawn in this report in ord81 lo enable a proper under8landlng of the financial statements lo be reached. Janine Mansfield Rickard Luckin Limlled 1st Floor County House 100 New London Road Chelmsford Essex CM2 ORG
WELLBEING AT GARON PARK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restrlcted funds fund8 2023 2023 Totsl Unreslrlct•d Rèstricted funds funds 2022 2022 Total 2023 2022 Notès Income from: Donations and18gacies 11,43S 23,603 35,042 11,402 61,959 73.361 Charlt8blè actiwlies 31,096 fj7,628 48,724 22.199 143,693 185,892 Net Incomellèxpendlturel 119,8sn 5,975 113,6821 110,7971 181.7341 (92,5311 Tr8nsfars between fund8 1,616 11,6161 4,998 14,9981 Nèt mov8mont In funds 118,0411 4,359 113,682) {5.7991 {88,7321 192,5311 Reconclliation of funds.. Fund balances at 1 January 2023 30 35,522 35,552 5.829 122,254 128,083 Fund balanc at 31 Decembgt 2023 118.011) 39,881 21,870 30 35,522 35.552 The slalem8nl of finanual act[11$ Indudes all galns and losses recogni$gd in the year. All incom¢ and expevsdittjre derive from continulng aciivilies.
WELLBEING AT GARON PARK BALANCE SHEET AS AT 31 DECEIWBER 2023 2023 2022 Fixed assots Tangible ass8ts 21.308 25.242 CurTent assets Debtors Cash al bank and in har¥J 6,223 7,107 3,856 3,856 13,330 Creditors.. amount8 falling due wlthln ona yèar 11 3,294 3,020 Net current a88els 562 10,310 Total a*¥gts less curront Ilablllti 21,870 35.552 Tho fund$ of thg charlty Restrictèd income funds Unreslri¢ted funds 12 39,881 118,0111 35,522 30 21,870 35,552 ial 8tal s wera approvèd by the trustees on ...... .... C Shirel Trusts?
WELLBEING AT GARON PARK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcles Charlty Infoymatlon Wellbalng al Garon Park Is a Charitable Incorp()r8lad Organlsalion. 1.1 Ac¢ountihg Èonventlon Th8 finsncial slalemenls havè béen prepared In acrd8nc wilh the charily's ¢onslilulion, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Praclice {updaled for bulletin 1 & 21 applicablé lo eharilies preparlng their acLounts in accordance with thè Flnand81 Reporting Standard applicable in the UK 8nd Republic of Ireland IFRS 1021 leffeclive 1 Jat)uary 20191" Thé charity is a Pubil¢ Benefit Enlily as defined by FRS 102. The Chartty has iaken advantagè of the provisions In the SORP for ¢harilias apptying FRS 102 Update Bulletin 1 not lo prepare a Slalemant of Cash Flows. The financlal slalements have departed from tho Cha¥ities IAc¢ounls and Reports) Regulallons 2008 onty to the 8Xtent required to providè a true and fair Mew. Thls departure has involved followang tho Sts16menl of Recommtynded Practice lor eharilies applying FRS 102 rather than tho version of the Slalémenl ol RecL)mmended Practice which is referred lo in Ihe Regulations bul which has slnce been wlthdrawn. Tho flnancial slalemenls are prepared in ylerllng, whidi is the functlonal currency of the charity. Monetary amounts in these finandal slalemenls are rounded to Ihe nearest £. The financlal statements have been prepared under the historlcal cost convèntion. The pTinL¥pal 8¢counling policies adopted aro set out below. 1.2 Golng conc•m Al the Ilme ol approving lh8 fjnancAal stalemenls, the trustees hav8 a reasonable expe¢t8lion that the charity has adequate resour8 to continue in operalion81 éxistence for the loreseeable fuitsré. Thus the trustees conlinuè to adopt Ihe going concem basis of ac£ounling in preparing the finandal statement8. There had been sn overspend on thè support costs during the year. which has caused the unreslrlcted funds to go into defKit, however, the charity Is able to meet ils, liabilities as they fall due and the trustees, belièva Ihal the charity will bg able to eonlinue as 8 going colrn lor thè nèxt 12 molllhs, particularly given in the year lo 31 Dember 2024 nr&striC1ed funds have been reeniShed, in the first 4 months of the year. 1.3 ChAritable funds Unrestricted funds are aVailae for use at the discrelitsn of the Iruslees In furthèrance of their ¢h8ritsble objeclive8. Reslricled funds are sublecl lo specifi¢ ¢ondilions by donors or grantors as lo how they may be ustsd. The purposes and uses of the restricted funds ara set out in the note8 to the financial sialemenls. IA Income Income Is recognised when the ¢h8rity Is lega15y enlilled lo118ft8r any perfonnan¢e ¢ondilions havÈ bean met, the amounts Can be measured reliably, and il is probable Ih8t income will be recelved. Cash donations are recognised on rgceSpl. Other donallons are recognised the charily has been notified of the donallon, unless performance conditions requiré defarral ol the amount. Income lax recoverab16 in relation lo don81ions recaved under G1ft Ald or deeds of covenant Is recognised al thé time ol the donation. 1.5 Expendiiure Llabllilies aro recognised as soon as there is a legal or consl¥uclive obligalion commilling the charity lo the expenditure. All expenditure Is accounted for on an awruals basis and h88 been classified under headings that aggregate 811 costs related lo that category.
WELLBEING AT GARON PARK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcles (Continued) 1.6 Tangible fixèd assèts Tangible fixed a53els are initially measured 81 cost and subBequenlly ffleasured al cost or valuallon, nèl of depreciation and any Impairmenl losses. Depreciation is iecognFsed so as lo writè off the Ix)sl or valuation of assets less Ihelr sIdUal values over Ihelr useful lives on the following bases.. Plant and equipment Wellbelng Path Slraiuhl linè over 20 years Slraighl line over 20 years or 5 years The galn or Ioss arislng on the dlsposal of an asset Is delernilned as the difference between the sale proceeds and the ¢orrying value of th8 asset, and is recognised in the slalement of financial activities. 1.7 Impalrment of fixéd assets Al each pon9 end dale. the chaiity rwews the carrytng amoun18 of its tangible assets lo detarmina whether theré is any indication that those assets have suffered an irnpairrnenl loss. If any such indl¢8tion exists, the rewverabla amount ol the asset Is esllmaled in order to delenrinè the extent of ihe impaiiment loss (if any). 1.8 Flnancial instruments The charily has elected to apply the provisions of Soctlon 11 'Basic Financlal Inslrum8nls' and Section 12 'Other Finanal In$lrumetits Issues, of FRS 102 to all of Ils financial instrument8. Flnancial instruments are re¢ognlsed In the charilvs balance sh68t when the charlty becomes parly to the contraclual provisions ollhe inslrumont. Flnaneial assets and liabililies are off58t, with th8 net amounts presented in the fmanaal stalemenls, when there is a legally enfor¢eable r¢ghl lo sel off th6 rècognised amounts and there 1$ 8n inlenlion lo sellle on a nel basis or lo realise the asset and sett the liability simultaneously. 8asl¢ flnanclalassets Basic finanoal assets, which Indude debtors and c88h end bank balan8, are Initially maasured al transaction price including Iran$8¢llon costs and are subsequently carried al amortised cost using the effectlve inleresl melhod unless the airangament conslilules a finallclnu transaction. where the Irans8cbon is easured al the present value of the future r8eaipts discounted al a market rate of inlerest. FinanrAal assets classilied as receivable within one year are not amortised. 84slc flnanclal Ilabllities 8asic financial liabi1ilies, including creditors and b8nk108ns are Initially recognised al transaction pre unless the arrangement conslilules a financing Iransaclion, where Ihe debt instrument is mèasvrad al the present value of the fulure payments discounled at a market rale ol Interest. Financial liabllilies dassified as payable wlthln one year are nol amortised. Debt instruments are subsequently ¢arrfed at amorbsed cost, uslng the effoclive Interest rate method. Trade creditors are obligations to pay for goods or s6Mces that have been acquired in the ordinary Cours& ol operations from Suppliers. Amounts payablè are classified as current liabllllies Sf payment is due within one year or less. If not, they are presented as non-currenl liabililieg. Trade creditors ar8 recognised initially al transaction price and gubs8quently measufed al amort15¢d cosl using the effective Snleresl method. Dere¢ognltlon of financial Ilabllltles Fln2noial liabilities are der8cognised when the charily'5 contractual obligallons explrè or 8re discharged or ¢ancelled.
WELLBEING AT GARON PARK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Critlcal accountlng *¥tlmates and ludgémtnts In the applicalK&n of the charity's accounling policies, the Irustee8 ar? required lo make judgèmènts, aslimales and assumpllons about Ihe carrying amount of assets and lia119$ that are not readily app8ienl from other source5. The eslimales and aSsoated 835umplions are based on hi$lori¢al exrience and other factor5 that are considered lo be r818vant. Actual results rnay differ from Ihese eslimales. The estimates and underlylng assurnptions are reviewed on an ongolng ba815. Rev¢slons to accounting estimates are recognised in the porlod in which the eslim81è Ss ravised where the revision affecls only that period, or in the period of the revlsion and future periods where the rewision affects bolh cuirenl and future period8. Income from donatlon$ and legacles Unrestn¢tèd Rèstricted funds funds 2023 2023 Total Unmstrlcted R?strfctsd funds fvnd¥ 2022 2022 Totsl 2023 2022 Donations and gifts Granls 11,439 11,439 23,603 11,402 61,959 73,361 23.e03 11.439 23,603 35,042 11,402 61.959 73,361 Expend5ture on ¢h4rltablè actlvltles 2023 2022 Dlrect costs Depreciation and Impaimient Communlly hèalth sessions Donation to Garon Park CIC Youth ground work Wellbeing path runnlng costs Men's Shéd eosts Planting Plan costs Other charitable expenditure 3,934 3,935 500 2,700 6,223 258 65,447 1,#77 593 16,425 403 4,110 17,628 88.077 Share of support and gov•mxnce costs {see nots 61 Support Governan¢ 29.802 1,294 76,795 1,020 48.724 165,892 Analysls by fund Unrestricted funds Restricted funds 31,096 17,628 22,199 143.693 48,724 165.892
WELLBEING AT GARON PARK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees None of tha Iruslées (or any person5 conneclgd wlh them) received any remunèr8tion or benerrts from the charity durlng thè yéar. Support costs Support Governance costs costs 2023&Jpport costs Governance ¢osls 2022 Bld wilting AdminIstratN ensts Prinling postage and slalionery CompLrter c081s Rent Professn81 fees Consultancy Site maintenance 4,203 23,878 4,203 23,878 16,949 32,015 16,949 32,015 1,555 1.555 1,852 1.408 6,060 9,000 6,962 2.549 1,852 1,408 6,060 9,000 6.982 2,549 166 Accountancy feos 1,294 1,294 1,020 1,020 29,802 1.294 31,0 76,795 1,020 77,815 AaSed between Charitable aclivitses 29,802 1.294 31,098 76.795 1,020 77,815 Goveinance ¢0$18 indudes payments lo Ihe aceounls of £1,294 for independent examination lees. Employees The avèragé monthly number of employees during fh6 yearwas.. 2023 Number 2022 Number Total There were no employees whose annual remunefallon was more than £60,000. Yaxatlon The charity Is exempl frotll laxallon on ils aclivities beixuse al ils in¢om¢ Is applied for charfiable purposes. 10-
WELLBEING AT GARON PARK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tanglble fixed a880ts Plant andwollbolng Path oquipm¢ni Total Cost At 1 January 2023 23,100 13,054 36.154 At 31 Decamber 2023 23,100 13.054 36.154 Dtrprèclatlon and Impalmient At 1 January 2023 Deprecialion charged In the year 4.177 1,323 6,735 2,611 10.912 3.934 Al 31 December 2023 5.500 9.346 14,846 Carrylng amount At 31 December 2023 17,600 3,708 21.308 Al 31 December 2022 18.923 6,319 25,242 10 Debtors 2023 2022 Amounts falling due wlthin one year., Prepayments and accrued income 6,223 11 Creditors: amounts falllng due wlthln one year 2023 2022 Other ¢ditorS A¢¢ru¥ls and d&f8rr8d In*me 2,000 1,294 2,000 1,020 3,02Q
WELLBEING AT GARON PARK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Rostrlcted fund$ Thè restrictèd funds of the tharily comprise the unexpended balances of donatK>ns and grants held on trust subject to specific condllions by donors as to how they may be u$8d. At l January 2023 Incoming résourcès Resour¢e8 oxpended Transfers At31 Docember 2023 Path Men8 Shed Community Garden R.E. House Ltd Community fridge Sported found81ion Soulhend grant Hlvedome FSJ Southend Coun&1 CIB SOS Communlty Soulhend Ed¢Jcation Trust sainsbus Neighbourly Essex Cornmunily Found81K>n 1,057 18,024 5,983 817 1.385 593 1,440 6.223 12581 11,0991 (2.1311 17991 16,925 3,852 {8171 1224) 1.161 593 960 (480) (6,223} 11,53n {4,673) 2,CXIO 11,973 4,0 2,(0 1,500 2,130 463 7,300 4,000 2.000 1.097 1.530 {403) (6001 35,522 23,603 {17.6281 (1,8161 39.881 Prevlou$ y&ar.' At l January 2022 Incoming resource8 Resour¢es exnded Transfer At31 December 2022 Path ens Shed Community Garden N8luie School R.E. House Ltd Lotlery- Wellbeing Path LollÈry- s&ating and surfadng Commnily fridge Sported foundation Soulhend giant Jubileo Sl Edmunds ROSCA Hivedome 752 26.093 8.114 111,2011 1.410 82,138 7,602 2,IK)O 3,426 1,920 23.904 120,0001 12,276) 12,131) 13,599) 15.7931 1,057 18,024 5,983 11.201 {5931 187,7221 817 4,643 941 {7,6021 (6151 {3,3331 {4801 17.7861 13,OQOI 12,0001 113,7771 1,385 593 1,440 SCX) 7,912 {148} 2,OC 20,000 6,223 122,254 81.969 {143,6931 14,9981 35,522 12-
WELLBEING AT GARON PARK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEIVIBER 2023 12 Rastrlctad funds Icontlnuedl Rastrictad funds are used Ihe following purposes., Path developbng and malntalning tho outdoor area Mens Shed - for the buld of a shed. this was Completed In 2019 the expenditure represents tho annual depreciation. Communlly Gardèn- for thÉ purposas of building 8nd maintaining a eA)mmunily garden R.E. House Ltd- provlding wellness ¢18sses Communlly Frldge for the purpose of PToMding a food exchange for the communlly Sportod fOUndaOn - lo purchase sports equipment Soulhend grant - For the purchase of OLÈldoor équipmanl Ihls was purthasèd in 2021, thè 8xp@nditure represents tha Annual dèpraualion Hivedom6 Support for youth ground and communSly area bids FSJ IFowler Srnilh gnd Jonos Trust) funding for sports equlpmenl. games and activlly equipment Southev Counul CIB for Ihe PUf¢hasg of IT Infraslructura SOS Communily to fund a transport programme lo gel users lo and froTll the p8¥k Soulhend Education Trust to suppori the heatth and wellbeing of local people Salnsbury's Nelghbourly lo run a healthy eallng and vegetable grow(ng programme for children Essex Community Foundation - lo support the health and wellbeing of local people, enhan outdoor spac8 and for the purchase of signage 13 Unrestrlcted fund¥ The unrestiicled funds of ihe charity comprise thè unexpen(Jed balances ol donallot)s anii grants whlch aro not subjecl to specific conditions by donors and grantors a8 lo how they may be used. At l January 2023 In¢omlng Resource$ Y&sour¢es expeniled Tran$fgYs At31 D&¢•mb&r 2023 General funds 30 11,439 131,0%) 1,616 118,011) Prevlous year. At l January 2022 lrtcoming Resources resources expended TYan8leY6 At31 Decembor 2022 General funds 5,829 11,402 122,1991 4,998 30 13-
WELLBEING AT GARON PARK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 An8lysls of nèt AS8•ts baa•n funds Unreslyicted fund$ 2023 Restrlctgd funds 2023 Total 2023 Fund bal•neès at 31 D8e&mbar 2023 are rapresented by.. Tangible assets Current assetsllliabililiesl 21,308 18.573 21.308 562 118,0111 118,0111 39,881 21,870 Unre8trl¢tèd fund 2022 R*$trlct8d funds 2022 Total 2022 Fund balances at 31 Do¢¢mb8r 2022 are represented by: Tangible assets Currènt asselsllliabilitiesl 25,242 10,280 25,242 10,310 3ts 30 35,522 35,552 15 Rèlatèd party transactlans The charity Is working w71h Garon P8Tk CIC lo deliver thtr Wellbeing Path and the Nature School. Wellbeing al Garon Park and Garon Park CIC have a TrusteelDirecI in Gommon. Duiing th& year Ihts oharily transferred total of £27,29012022-. £54,603) for Ihè dév8lopm8nt of the weElbeing path, youth ground work, events and other expendilure. 14.