Charity Registration No. 1178841
WELLBEING AT GARON PARK
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
WELLBEING AT GARON PARK
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees C Shiret TA Margerison JJ Burrage CJ Wyatt A Priest D A Garroway (Appointed 8[th] October 2024) Charity number 1178841 Principal address Cricket Pavilion Southend-On-Sea Essex SS2 4FA Independent examiner KCA Accountants Limited 22 – 24 Elm Road Leigh on sea Essex SS9 1SN
WELLBEING AT GARON PARK
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 - 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 14 |
WELLBEING AT GARON PARK
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's consititution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice (updated for bulletin 1 & 2) 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
The charity's objects are to assist charities and Charitable bodies working for the benefit of the inhabitants of the borough of Southend on sea and surrounding areas by providing and maintaining secure and private facilities: A) to promote and protect the good physical, mental and sensory health of the residents, and/or B)for the recreation or other leisure time occupation of those residents who have need of such facilities by reason of their health, infirmity or disablement in the interests of social welfare and with the object of improving their conditions of life.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
It WBGP endured a tough year in 2023 mainly bought about by pressure on funders to support cost of living issues rather than more traditional health and wellbeing matters that form the core of our delivery.
2024 saw a marked turn around in our fortunes, as we refocused our efforts and our community programmes and facilities continued to be appreciated by ever increasing numbers. In 2023 we welcomed around 26,000 people to our wellbeing activities and this grew in 2024 to 35,615, a 37% increase in attendees. 16% of all attendees were in the special ability category, 2% able ability and 82% were all ability with a roughly equal split of male and females and 70% of users were under 18.
Volunteering was the mainstay of our day to day operation and our “In 2 Volunteering” programme being the principle thrust of much of the “social prescribing” style work we undertook focused on the UK Social Prosperity Fund (UKSPF) where we finished our third round of funding.
Our business model saw a strengthening of ties with many local charity partners increasing their use of our services and our own Youth and Conservation focuses increasing in popularity.
Our multi award winning Youth Club consolidated its role with local youth and is playing a vital role in developing our strategy, including the formation of a Youth Council to ensure their voices are heard and have a place in the running of the park and the delivery of services going forward.
Garon Park is a local nature hot spot with conservation and rewilding at the core of everything we do in the Park. Our carbon, ecological and biodiversity footprints and how we monitor and control them (increase or decrease), play a major role in planning for the future. Our daily work in pursuit of increasing our biodiversity and lowering our carbon are beginning to attract more interest from the public and authorities as a way to help the community back into overall good health.
Consultation and data collection are at the heart of all of our programmes and we are developing the resources and skills to really make the difference and properly inform our future plans. We have developed a strategy for holding two events a year where we invite the local community as a whole to see our site up close while enjoying the activities and partner led entertainment. This year, together with a Christmas extravaganza and a Summer Fete, we had a fairy trail running for the 6 weeks of summer holidays, each of which attracted over 1500 visitors.
All of these things would not happen without the tireless attention of the Board, who volunteer their time continuously and are directly involved in the delivery of everything we do, so I thank each and every one for their commitment, time and skill in making the charity such a success.
We have a highly skilled workforce who also commit with skill, passion, energy and thought and I thank them on behalf of the Board.
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WELLBEING AT GARON PARK
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Garon Park CIC our site partners are totally supportive of our work and I would like to acknowledge the commitment of their resources and support which the Board of Directors always place at our disposal. WBGP are in the very fortunate position to also have a number of key supporters who continue to provide funding that allows us to follow our key strategies and here again a heartfelt thanks for all you contribute not only in money terms, but also support and interest shown for our work. In closing, 2024 has been a good year for the charity and we have achieved our continued goal of improving the mental and physical health and wellbeing of the local community while growing the ecological and biodiversity values of the site. The need in the community is enormous, but we are meeting challenges head on, at pace and with scale and we are excited about our prospects in 2025.
Financial review
The trustees report that a number of key developments have been achieved and the charity has seen financial growth.
The charity holds restricted funds for the purpose of continuing work on the Wellbeing Trail at Garon Park, the employment of key personnel as well as for the development of facilities such as a nature school, community garden and a community shed, as supported by the UK Men’s Sheds Association.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO), and is governed by its constitution.
The trustees who served during the year and up to the date of signature of the financial statements were: C Shiret
TA Margerison D A Garroway (Appointed 8 October 2024) JJ Burrage CJ Wyatt A Priest
The trustees' report was approved by the Board of Trustees.
C Shiret
Trustee Dated: 6 August 2025
TA Margerison
Trustee Dated: 6 August 2025
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WELLBEING AT GARON PARK
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WELLBEING AT GARON PARK
I report to the trustees on my examination of the financial statements of Wellbeing at Garon Park (the charity) for the year ended 31 December 2024.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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WELLBEING AT GARON PARK
INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF WELLBEING AT GARON PARK
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 financial statements to be reached.
Keith Ashton KCA Accountants Limited
22 – 24 Elm Road Leigh on sea Essex SS9 1SN
Dated: 6 August 2025
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WELLBEING AT GARON PARK
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 67,919 72,901 Charitable activities 4 14,556 49,834 Net income/(expenditure) 53,363 23,067 Transfers between funds 10,374 (10,374) Net movement in funds 63,737 12,693 Reconciliation of funds: Fund balances at 1 January 2024 (18,011) 39,881 Fund balances at 31 December 2024 45,726 52,574 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 140,820 11,439 23,603 64,390 31,096 17,628 76,430 (19,657) 5,975 - 1,616 (1,616) 76,430 (18,041) 4,359 21,870 30 35,522 98,300 (18,011) 39,881 |
Total 2023 £ 35,042 48,724 (13,682) - (13,682) 35,552 21,870 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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WELLBEING AT GARON PARK
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Fixed assets Tangible assets 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 The funds of the charity Restricted income funds 12 Unrestricted funds |
2024 £ 2,169 44,517 46,686 960 |
£ 52,574 45,726 98,300 52,574 45,726 98,300 |
2023 £ £ 21,308 - 3,856 3,856 3,294 562 21,870 39,881 (18,011) 21,870 |
£ 21,308 562 |
|---|---|---|---|---|
| 21,870 | ||||
| 21,870 |
The financial statements were approved by the trustees on 6 August 2025
C Shiret
Trustee
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WELLBEING AT GARON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Wellbeing at Garon Park is a Charitable Incorporated Organisation.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice (updated for bulletin 1 & 2) 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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
There had been an overspend on the support costs during the year, which has caused the unrestricted funds to go into deficit, however, the charity is able to meet its' liabilities as they fall due and the trustees' believe that the charity will be able to continue as a going concern for the next 12 months, particularly given in the year to 31 December 2024 unrestricted funds have been replenished, in the first 4 months of the year.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category.
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WELLBEING AT GARON PARK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment Straight line over 20 years Wellbeing Path Straight line over 20 years or 5 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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WELLBEING AT GARON PARK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 67,919 - Grants - 72,901 67,919 72,901 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 67,919 11,439 - 72,901 - 23,603 140,820 11,439 23,603 |
Total 2023 £ 11,439 23,603 |
|---|---|---|
| 35,042 |
4 Expenditure on charitable activities
| Direct costs Depreciation and impairment UK Youth – Home Away from Home Donation to Garon Park CIC Youth ground work Wellbeing path running costs PCC Essex – Youth Support Planting Plan costs Other charitable expenditure Share of support and governance costs (see note 6) Support Governance Analysis by fund Unrestricted funds Restricted funds |
2024 £ 12,734 4,485 - 7,000 - 14,320 - 11,295 49,834 13,468 1,088 64,390 14,556 49,834 64,390 |
2023 £ 3,934 - 2,700 6,223 258 - 403 4,110 |
|---|---|---|
| 17,628 29,802 1,294 |
||
| 48,724 | ||
| 31,096 17,628 |
||
| 48,724 |
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WELLBEING AT GARON PARK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
5 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
6 Support costs
| Support costs Governance costs £ £ Bid writing 5,940 - Administration costs 7,528 - Printing postage and stationery - - Computer costs - - Rent - - Professional fees - - Consultancy - - Site maintenance - - Accountancy fees - 1,088 13,468 1,088 Analysed between Charitable activities 13,468 1,088 |
2024Support costs Governance costs £ £ £ 5,940 4,203 - 7,528 23,878 - - 1,555 - - - - - - - - - - - - - - 166 - 1,088 - 1,294 14,556 29,802 1,294 14,556 29,802 1,294 |
2023 £ 4,203 23,878 1,555 - - - - 166 1,294 |
|---|---|---|
| 31,096 | ||
| 31,096 |
Governance costs includes payments to the accounts of £1,088 for independent examination fees.
7 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
8 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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WELLBEING AT GARON PARK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| 9 Tangible fixed assets Plant and equipment Wellbeing Path £ £ Cost At 1 January 2024 67,100 13,054 At 31 December 2024 67,100 13,054 Depreciation and impairment At 1 January 2024 5,500 9,346 Depreciation charged in the year 10,124 2,610 At 31 December 2024 15,624 11,956 Carrying amount At 31 December 2024 51,476 1,098 At 31 December 2023 17,600 3,708 10 Debtors 2024 Amounts falling due within one year: £ Accounts receivable 2,169 11 Creditors: amounts falling due within one year 2024 £ Other creditors - Accruals and deferred income 960 960 |
Total £ 80,154 |
|---|---|
| 80,154 | |
| 10,912 3,934 |
|
| 27,580 | |
| 52,574 | |
| 21,308 | |
| 2023 £ - |
|
| 2023 £ 2,000 1,294 |
|
| 3,294 |
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WELLBEING AT GARON PARK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
12 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 January | At 1 January | Incoming | Resources | Transfers | At 31 | |||
|---|---|---|---|---|---|---|---|---|
| 2024 | resources | expended | December | |||||
| 2024 | ||||||||
| £ | £ | £ | £ | £ | ||||
| PCC Essex/High | ||||||||
| Sherrif/ECVYS | - | 17,425 | (17,395) | (30) | - | |||
| Men’s Shed | 16,925 | - | (1,099) | - | 15,826 | |||
| Community Garden | 3,852 | - | (2,610) | (144) | 1,098 | |||
| Rosca/Norman Garon/Veolia | - | 43,991 | (8,800) | 9 | 35,200 | |||
| Community fridge | 1,161 | - | (225) | (486) | 450 | |||
| Sported foundation | 593 | - | - | (593) | - | |||
| Southend grant | 960 | - | - | (960) | - | |||
| UK Youth – Adventure away from | home | - | 4,485 | (4,485) | - | - | ||
| FSJ | 463 | - | - | (463) | - | |||
| Southend Council CIB | 7,300 | - | (6,205) | (1,095) | - | |||
| SOS Community | 4,000 | - | (2,015) | (1,985) | - | |||
| Southend Education Trust | 2,000 | - | - | (2,000) | - | |||
| Sainsbury's Neighbourly | 1,097 | - | - | (1,097) | - | |||
| Essex Community Foundation | 1,530 | 7,000 | (7,000) | (1,530) | - | |||
| 39,881 | 72,901 | (49,834) | (10,374) | 52,574 | ||||
| Previous year: | At 1 January | Incoming | Resources | Transfers | At 31 | |||
| 2023 | resources | expended | December | |||||
| 2023 | ||||||||
| £ | £ | £ | £ | £ | ||||
| Path | 1,057 | - | (258) | (799) | - | |||
| Men’s Shed | 18,024 | - | (1,099) | - | 16,925 | |||
| Community Garden | 5983 | - | (2,131) | - | 3,852 | |||
| Essex Community Foundation | - | 2,130 | (600) | - | 1,530 | |||
| R.E. House Ltd | 817 | - | - | (817) | - | |||
| Sainsburys Neighbourly | - | 1,500 | (403) | - | 1,097 | |||
| Southend Education Trust | - | 2,000 | - | - | 2,000 | |||
| Community fridge | 1,385 | - | (224) | - | 1,161 | |||
| Sported foundation | 593 | - | - | - | 593 | |||
| Southend grant | 1,440 | - | (480) | - | 960 | |||
| FSJ | - | 2,000 | (1,537) | - | 463 | |||
| Southend Council CIB | - | 11,973 | (4,673) | - | 7,300 | |||
| SOS Community | - | 4,000 | - | - | 4,000 | |||
| Hivedome | 6,223 | (6,223) | - | - | ||||
| 35,522 | 23,603 | (17,628) | (1,616) | 39,881 |
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WELLBEING AT GARON PARK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
12 Restricted funds
(Continued)
Restricted funds are used for the following purposes:
Men’s Shed - for the build of a shed, this was completed in 2019 the expenditure represents the annual depreciation.
PCC Essex – grant funding for specific youth projects centred on socialising and mentoring.
Rosca/Norman Garon Trust/Veolia – funding for the development of a children’s playground area.
Community Garden - for the purposes of building and maintaining a community garden
Community Fridge - for the purpose of providing a food exchange for the community
Sported foundation - to purchase sports equipment
Southend grant - For the purchase of outdoor equipment this was purchased in 2021, the expenditure represents the annual depreciation
FSJ (Fowler Smith and Jones Trust) - funding for sports equipment, games and activity equipment
UK Youth Adventure away from home – Grant to provide underprivileged children access to green space and respite.
Southend Council CIB - for the purchase of IT infrastructure
SOS Community - to fund a transport programme to get users to and from the park
Southend Education Trust - to support the health and wellbeing of local people
Sainsbury's Neighbourly - to run a healthy eating and vegetable growing programme for children
Essex Community Foundation - to support the health and wellbeing of local people, enhance outdoor space and for the purchase of signage
13 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.
| At 1 January | Incoming | Resources | Transfers | At 31 | |
|---|---|---|---|---|---|
| 2024 | resources | expended | December | ||
| 2024 | |||||
| £ | £ | £ | £ | £ | |
| General funds | (18,011) | 67,919 | (14,556) | 10,374 | 45,726 |
| Previous year: | At 1 January | Incoming | Resources | Transfers | At 31 |
| 2023 | resources | expended | December | ||
| 2023 | |||||
| £ | £ | £ | £ | £ | |
| General funds | 30 | 11,439 | (31,096) | 1,616 | (18,011) |
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WELLBEING AT GARON PARK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2024 2024 £ £ Fund balances at 31 December 2024 are represented by: Tangible assets - 52,574 Current assets/(liabilities) 45,726 - 45,726 52,574 Unrestricted Restricted funds funds 2023 2023 £ £ Fund balances at 31 December 2023 are represented by: Tangible assets - 21,308 Current assets/(liabilities) (18,011) 18,573 (18,011) 39,881 |
Total 2024 £ 52,574 45,726 |
|---|---|
| 98,298 | |
| Total 2023 £ 21,308 562 |
|
| 21,870 |
15 Related party transactions
The charity is working with Garon Park CIC & Garon Park Bar Ltd to deliver the Wellbeing Path and the Nature School and many of the grant funded projects. Wellbeing at Garon Park and Garon Park CIC have a Trustee/ Director in common.
During the year the charity transferred total of £49,000 (2023: £27,290) for the development of the playground, youth ground work, events and other expenditure.
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