FRIENDS OF LLOYD PARK CHARifABLE INCORPORATED ORGANISATION FRIENDSof LLOYD PARK Chorilobla Incorporated Orgonisalion FRIENDS OF LLOYD PARK CIO ANNUAL REPORT AND FINANCIAL STATEMENTS FINANCIAL PERIOD 1•t January 2024 to 31•t December 2024 Registered charity No. 1183944 FRIENDS OF LLOYD PARK CHARITABLE tNCORPORATED ORGANISATION FRIENDS OF LLOYD PARK CIO FINANCIAL STATEMENTS 1st January 2024 to 315t December 2024 LEGAL AND ADMINISTRATIVE INFORMATION Object The obj'ects of the CIO are for the benefft of the residents of Walthamstow and the surrounding areas, to provide or assist in the provision of facilrties for recreation and other leisure time occupation in the interest of social weffare with the object of improving their conditions of lrfe. The area of benefft, in particular but not exclusively, by the preseprfation, promotion, support, assistance and improvement of Uoyd Park. Legal status FOLP CIO is an incorporated body. whose goveming do￿rnent is the ConstitLrtion approved and adopted on 3 June 2019. It has been granted registration as a charity by the Charity Commission. with charity registration number 1183944 on the 181h June 2019. HM Revenue & Customs has accepted FOLP CIO as a charity within the definition of 5ertion 506{1) of the Income & Corporation Taxes Act 1988, as a result of which the Associatson's income and gains are not taxable to the extent that they are applicable and appli&1 to charitable purpose8. Address 3 Mersey Road Walthamstow London E17 SLA Email.. folpe17@gmail.com Websrte: www.friend8ofiloydpark.org Offlcern and Commltt•• The Committee at the end of the financial year comprised". Chair.. Treasurer: Secretary.. Twstees.. Makeila Estelle Daniel Tumer David Hobson June Hedges Bankers Lloyds Bank 25 Gresham Street London EC2V 7HN FRIENDS OF LLOYD PARK CHARITABLE tNCORPORATED ORGANISATION FRIENDS OF LLOYD PARK CIO FINANCIAL STATEMENTS 1*t January 2024 to 31st December 2024 REPORT OF THE TRUSTEES COMMITTEE Under the Constituti'on, the Committee {vthich can have a maximum of twelve members) is elerted annually. The AGM for this period was held on 31 March 2025 at Trades Hall, Walthamstow. Makeila Estelle was elected to continue as C￿Chair, alongside Katy Rèid as new Cochair. Daniel Turner was elected to continue as Treasurer, David Hobson was elected to continue as Secretary. June Hedges stepped down as a Trustee after many years of service. Makeila reported that FOLP had an active year wilh multiple events. some of which V￿re very successful and som8 of which were severely impacted by bad weather. The profile of FOLP was increased with new committee members joining and thanked the commrttee for their support and hard work. A project to create carved artefacts from the fallen 8u¢alyptus tree is ongoing at time of writing. ACTIVITIES OF ThIE GROUP Events Ther8 were four main FOLP events planned during this period. two of which were very successful in temis of communty engagement, attendance and income generation, one event was severely impacted by bad wealher but still went ahead which led to much lower attendance and income, and one event had to be cancelled due to the risk of bad weather. The May Fair comprising Dog Show, Skate Jam, Basketball and May Pole was impacted by very heavy rain bLrt still proceeded but in hindsight this was a mistake. There were much less attendees Ihan usual arKI the stalls and FOLP all lost money. Th818sson was learnt and when the forecast looked like the Oktoberfest would be similarly affeded by bad weather the committee took the decision to cancel 5 day$ in advance. In the end the severe stomis did not happen, and th8 event probably could have prO￿ded but the decision had to Ix made based on the weather forecast at the time. The commtttee stands by the decision to can￿1 the Oktoberfest and have implemented a process to make the decision to pro￿ed or cancel events eadier than in previous years. Planning for the Oktoberfest had built on the previous year expenence and feedback and a deal had been struck to have 5 different bars so the problem of not enough drinks would have been resolved. It is worth noting that cancelling an event often incurs sunificant fees and costs which did impact our financial position in this period. The Summer Picnic was a new event held in Juty and posttioned as a l¢)&g1 replacement of the much-loved Garden Party. This was organised in conjunction with Soul Picnic and focused on music and children's activrties and was held on Fellowship Island_ There was a significant marketing efftirt to publicise the event. and it was very popular. The pre-event fundraiser at Pillars Brewery did not generate muth additi'onal income and only just broke-even forthe costs of PA hire, but the post•ent after party at Trades Hall generated a lot of donations. The De￿mber Christmas singalong event was expanded to become a Festive Fayre with around 10 additional stalls of local makers and Fxc¥Jucers. An additional children's choir was FRIENDS OF LLOYD PARK CHARfTABLE tNCORPORATED ORGAMSATION added to the entertainment and the event was by far the most successful, generating double the incomè ofthè previous year on the FOLP stall for mulled wine. The event used a generator to solve the problem of power supply from the IMA Gallery cJJtting out as happened in previous years. The athdition of the stalls made rt more of a destinatit)n event and many of the stalls sold out. The commrttee is grateful to Waltham Forest Council for t*oviding funding grants from William Morris and Chapel End wards (altEit s￿anificant1Y reduced from the volume of ward funding from previous year5), and from the Fellowship Fund for the Festive Fayre specifically, and to Central Estates and Stow Brothers for their continued Event Sponsorship. Other Projects Tr8e Project The commrttee worked to rescue the fallen eu¢alyptu$ tree from being pulped, atthough the original idea to create a bench could not be delivered. an altemative plan to create caNed decorative items from the smaller trunks is due to bè finished in April 2025. Ward funding was provided lo cover the costs of this project. A revised plan to ueate chairs from the larger trunks is under consideration at time of ￿Titing. Dog Walkers.. A leaflet was woduced lo educate dog walkers to Use the designated areas for off-lead activities and to promote resFrf)nsible dog ownership. Moat Project.. Foll0v￿n9 engagement from FOLP wilh WF Counal and Parks d8Pt wh8r8 residents, concems about the poor qualty of the moat was made dear to the representatives, and further study and rèports Y￿re commissioned which identified the build-up of leaveslplant and food residue and the lack ofwaterlair circulation as the primary causes . As a result, some cleaning of leaves and overhanging trees was completèd as well as the installation of an aeration system to increase the circulation of air within the water to try and reduce the build- up of algae and du¢kweed. Another initiative to install a duck feed vendiNJ machine was not successful due to objections from Parks dept aboLrt maintenance arKI vandalism, desplte these Goncems being addressed in the proposal. THE LLOYD PARK AIANAGEMENT GROUP FOLP continued to attend the Council's Management Group. but there was only one meeting in 2024, and the council representative indicated the ffleetings would wobably not continue in 2025. Additional dialogue was hehj regarding the poor stste of the moat in the park (see above) and concems around the lack of lohting in the Aveling Fields was raised on multiple o¢casion$ but Currently there is no plan by V4F Council to increase the lighting in that part of the park. FOLP are worf(ing to establish a new user group of all the different communty groups that are active wtthin the park and this is a priority for 2025. SOCIAL MEDIA FOLP'S website was changed and new URL is www.friendsofllo d ark.or We deleted our Twitterlx account and continued to update Fa￿boOk and Instagram accounts and the addition of Andrew to the commrttee to focus on Social posts made a significant difference to our online presence and engagemwrt. Unfortunately. he cannot continue in this role in 2025. The number of followers on Instagram has been steadily increasing and is now around 1870 (up from 1400 at end of 2023). POLICIES No changes have been made to FOLPS policies in 2024. FRJENDS OF LLOYD PARK CHARfTABLE tNCORPORATED ORGANISATION FRIENDS OF LLOYD PARK CIO FINANCIAL STATEMENTS 1st January 2024 to 31st December 2024 NOTES ON THE FINANCIAL STATEMEKrs These financial statements have been dravm up on an accrual's basis in accordance th the provisions of Acwunting and Reporting by Chanties.. Statement of Recommended practi￿ applicable to Char￿eS preparirKJ their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). The Associats'on has no pennanent endulvment and the whole balanc8 on the General Fund, which represents an unrestricled income fvnd, is available to be applied towards its objects. REPORTOFTHE TREASURER TOTHETRUSTEES OFTHE FRIENDS OF LLOYD PARK CIO I report on the financial statements of FOLP for the period from 111 January 2024 to the 31. December 2024 which are Set out on pages 6 to 11. R•specllve responslbllltles of th• Commltt•• The charity's Tru8te88 arè r8sponsible for the preparation of th8 financial statements. The Trustees consider that an audrt is not required for this year under sedion 144 of the Charities Act 2011 Itthe CharTties Acr) or an Independent Examination. It is my responsibility.. to examine the financial statements under section 145 of the Charities Act; to follow the procedures specffied in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act),. and to state whether particuLqr matters have Come to my attention. Th8 only signfficant mattèr of attention is the rfrstating of the 2023 accounts due to an error that was caused by one of the four underfying spreadsheèts not accounting for either income or expendtture of two new events that V￿re added to the FOLP events Ca￿ndar in 2023 (when compared to the original 2022 source file). The available funds in the FOLP account at the beginnin9 and end of the 2023 reporting year was not affected by this emr and the total amount re￿ived, and paid out during the year matched the account balanc8 for each month during the reporting perKKI. Daniel Tumer Treasurer FRIENDS OF LLOYD PARK CHARftABLE INCORPORATED ORGANISATION FRIENIXS OF LLOYD PARK CIO STATEMENT OF FINANCIAL ACTIVI 1st JanuAry 2024 to 315t Deeember2024 21124 No CeDernl Dultn*lwJ Fulld• INCOIKtNG RESOURCES Voluntary Givin8 20 4.737 4.737 18,763 7.41A) 14,965 Fund Raisin8 EM) InNrstnxnts Totxl IneondDg Ttsoujres 1&763 15 20 22ASS RESOURCES EXPENDED Charit#ble adiviti 515 19.856 515 19.856 3.875 13,122 CTranL8 8p¢nt OthLY I,:xpens Tot#1 ttJourt¢s expe#ded 714 21m6 714 524 17 21086 ￿21 Net I￿￿￿1￿￿(OU￿olBg) rtsouvtu befor• other rttognlstd *Dd Iwes 4934 G1th￿00¥s*S) ￿ lttvesl*nt awets Net Imcrewrfdecrt4Jt) In lllnds hrthtymr (U03) 4.737 2.434 4.934 Tot*1 fundi It be81ThthlTh% of yt4Jr 9,043 9,043 4,109 Total funds at end of year 740 4737 FRIENDS OF LLOYD PARK CHARfTABLE tNCORPOIiATED ORGANISATION FRIENDS OF LlnYD PARK CIO BALANCE SHEET 1st J•nu•ry21124 to 31st Decem￿r 2024 Totsl 2(124 Totsl 2023 FIXED K&SE15 CURRENT A&SETS D¢trrtors & Pr￿ayme￿$ Bank atKI cath IkEar¢¢3 11.471 11.477 9.043 CURREIYf LIABILITILS Cr¢ditor5 payable within ort ye NET CURRENT ASSETS/{I.IABILITIFS) 11.477 11.477 9.(M3 TOTAL NET ASSETS 11.477 I IA77 THE Tr UNDS OF THE CIIARITY Unrestri¢ttd incowe FuDd$: (knrthl tk8iMrAt¢d R¢striet¢d 11.477 T￿rAL Approved at Trustee Meeting on 7 January 2024 and swned on behalf of the Chair Make118 Estelle: Date.. cF/6¢L6 Lr FRIENDS OF LLOYD PARK CHARITABLE tNCORPORATED ORGANISATION FRIEIWS OF LLOYD PARK CIO NOTES TO THE FIIYANCIAL STATEMENIS 1st J￿n￿ary 2024 to 31st Dettmber 2024 I ACCOUNTING POLICIES la Basls of Ateou#ting The fmancial datements have been pwared under the CharitiC5 Act 2011 and wmpty with th¢ atement of Recommended Practice ￿)RP (FRS102- Ertvio￿ SK)RP 2005) and akn pjidance issu¢d by the cban.ty Co[llED]&￿. The acc￿￿15 basis olaccountti)8 h&8 been adomed. and the prllKipJl 4¢¢ounting p)li¢i¢$ set out below are applied consi&entty. Ib FvDd A¢tountlttg Apart from the ReStr￿ted fim&4 reftrred to below. all other fijnds are availabk for use at th¢ dis¢retion of FOLP in furtherdnce of its charitabk obie¢tive$. This includes the General and Desiwed fr￿d5. Restri¢t¢d compri* donations m&le thr￿ul the year foT outsMJ¢ ￿US