CHARITY REGISTRATION NUMBER: 1193205 Love Leeds Parks Unaudited Financial Statements 31 December 2024
Love Leeds Park8 Financial Statements Year ended 31 December 2024 Pagos Trustees, annual report 1to7 Independent examinerts report to the trustees Statement of financial activities Statement of financial position 10 Notes to the financial statements 11to19
Love Leeds Parks Trustees. Annual Report Year onded 31 December 2024 The tru$taaS Pf•sent IhelT report and the wotyJited fin8ndal statements of the chartty for thè ya T8d 31 December 2024. Chal r•port 2024 w88 a busy year as the charity moved from devebpment phase of our thrae year NJtional Lott8ry H•rita#• Fund project to delivery. I'm easd wè were able to focus and strsamllne fYJT apprOh in four new communty green8paces Across Lèads.. Se#croft, Slanningley, N•w Wort18y and H[$t. W9 wor• able to offer a number of grants to 8mg11 organisalions to InC$e acc•98 to greenspacos. and pilot our Sp8¢•hlve platform to connect nvw audiences. W¢ were able to conlinue the stralegic narrative with Leeds City Counal about d&vebping thè partn8r6hip mi•1. Wo iod o dep(tstM lo lull Coundl And hgd soTate meets'ng8 the executs've memb•r for gro8n 8pw8 and othgr intor•8t8d Councillorn. Wè were ab to get more fully involved with bolh the Clknate ACtn Hub Vrk across La8dg, but Also better with 8ma118r placa bas voluntsry ?nd cofflmunlty 8OCtor Eyg9nl8atlon$ In Ilne our theory of chang• and organi5Blional outcomes. Can I glv• strong thanks to our ¢ommurtty officer Anne. who develoF*d 80 many parlrw$hlps oco1$ L•èd$ that will help us in the noxt phase ol the proj•cl in wbdenlng nalure to be cbser alvjned to th Community Sector. And 8 cOntu•d Ih•nk8 to our CEO Chlo•. who h•$ offwed hBr good 801KI delivery of tho organi8atbnal priorilieB but a180 robust ch8lbng• to th• lord of IrustseB. Thanks 89 well lo our In4Jtee8. fvndors. back•t8 pgth•rs. Il'$ boan a gtrjd year. C Morrison
Lov8 Leeds Parks Trustees, Annual Reportlcontintmd) Year ended 31 Decernber 2024 R•f•rnnc• and administrativ• d•tail• Rgglstgrod charity narn• Love Leeds Parks Charlty rogistration numbor 1193205 Prlnclpal Dfflc• Love Leeds Parks Farnley Hall Farnley Hall Park H911 Lane Leeds LS12 SHA The tru¥ts•¥ A Barker C Morrison D Ellison J Preston J Scully L Kilching S Campbell (Appointed 15 July 2024} Indfrpond•nt •xamln•r N J Cadwallader FCCA For and On Behalf ol Dawd Cadwallader & Co Limited Sulle 3 Bignell Park Borns Chesterton Bice8ler Oxon OX26 1TD Structur•* gov•rn•nc• •nd managom•nt Love Leeds Parks suppcrts community-led enhancemen15 to publie parks and green spaces in Leeds. We rai8e awareness about the wide ranging benefits of pa5, promote community eng8gement in Uan green spaces and generate donations for paTk improvernenl prolects. The projects we fund are community focused and gdd value to public green Spaces. as well as priorltlBing parkg in deprived areas. The charity was sel up In 2021 and registered with the Charlty Commlsslcn as a CIO under the charity reference number 1193205. The flnancial slalements have been prepared in accordance wth the accounting policies set out in note 110 the ffinancial statements and comply wlh the charity's conslilutiun, the Charities Act 2011 and "Accounting and Reporting by Charitse5'. Statement ol Recornrnended PraGliGe applicable to charities weparing their accounts in accordance with the Financial Reporb'ng Sland8rd applicable in the UK and Republic of Ireland IFRS 1021 Recruitment •nd •ppolnknent of trust••s Trustees are appointed for a Ihreevyear lem and may sil for three consecuknve terms after which they ITrIU5t stand down for at least 12 months. Twslees are recruited through the netsvork$ of the current Iruslees and by occasl¢)nal advert.
Love Leeds Parks Trustees. Annual Report (conlinuedj Yoar ended 31 December 2024 Objectiv•• and a¢tlvltl•• Love Leeds Parks, charitable objectives are.. To provide or assist in the provision of publicly acc8s$ible green space Iparkg, gardens, landscaped areas, woodland. recreational Spaces. nature reserves and cemeteriesl facility.es in the interests of ¥ocial welfare of the inhabilanls of Leeds for recreation or other leisure lime occupabon of indiwdu815 o have need of such facilitses by reason of their youth, age, infirniily or disability. financial hardship or Social circumstances wth the object of improving IheSr conditions of life. The charlty operates thIn the Leeds local authorlty area. Publbc benefit The trustees have referred to the Charlly Commission's guSdance on public benefit - including 'Public benefit,. the public benefit requirement IP811' and 'Public benefit.. runnlng a charity IPB21' %then reviewng the charity's aims and objectives and in planning ils current and future aclivilie&. Th8 achievements and acl'¥its'es outlined in this report demon$lr41e the public benefit arising frorn the charity's acliviles. ActNib'es Love Leed8 Parks supports communlty-led enhancements to public parks and green 8pace8 in Leeds. We raise awareness about the wde-ranglng benefits of porks. promote community engagement In Urban green spaces and generate donations for park irnprovemenl projects. The projects wa lund are cornmunily focused and add value to public green Bpaces, as well 98 prlori118ing park8 in deprived are8S. Love Leeds Park5 delivers aclivities direcyy or prevides support and grants lo other charities and voluntary groupg who are working to support and improve gieen spaces or to encourage greater act1vY in green spaces. We work wth Fri•nds of Greengp8ce3, sporty club5 and all community organi8alions who w5h to have more attfaclive green 8pace8 and spaces that host rnore aclivilies lo meet the need8 of local people. Love Leeds Parks works closely wlh the Climate, Energy and Gr8•nsp¥ces department of of Leeds City Coun¢il and the Parks and Greenspaces Forum.
Love Leads Parks Trustees. Annual Report (nIO) Year ended 31 December 2024 Achl•v•ffl•nts and perfonnanG• Following the successful clevelopment and le51ing of our cornrnunily empowerment model across Burley and Harehi115 Parks In 2023, the Charity broadened its reach in 2024 to include community green 8pa¢e$ in Hunslet, Seacroft, Slannlngley and Wortley. These green 8pace8 were prioritr'8ed using Ihe proje¢l's selection criteria, Includlng.. IqUIty in access to qualty green space - three of the parts Iseacroft, Slanningley & Wortleyl had failed the Leeds Quality Parkg a$8essmenl in the previous two years. Supporting area¥ of high deprivation - three of the parkg (Hunslel, Seacroft & Worueyl are situated In the 10% m1 deprived postcodes in Leeds. Community appetite for change - all four parl¢s have a volunteer group dedScaled to stewarding and improving the park lor the benefit of both nature and their neighbours. Activity delivered across Ihegè n•ighbourhood$ was underpinned by the ¢hariW¥ four strategic priorities for 2023-25. 1. Connect- wè wll connect communilies to their local paik. We flrsl galned a detailed under8tandlng of the local conlexi from the lived experwnce of residents, exploring rneanlng, barriers to enty, and new idea¥ for how green spaces could better serve communib'es. In 2024, our Communlty Officer, Anne, led on communlty consullatlons across the Hunslel, Seacroft, Stsnningley and Wortley neighbourhoods. We were. once again, delighted by the response from communrtie8, Wth 987 residents, volunteers, and cornmunily leaders contributing their insight lo the prolect. These consultstions were co-designed with a neknrk of 40 local voluntary and community organisalions, Including volunteer groups. Schools, lailh cenlres, charibes, sports teams, and housing providers, Consultations were predomlnanlly condueled out in the community across trusted venues, lo addre5S barrier$ to partlcipallon and enyure a more incluslve process. The format of consultation sessions was t8ilored lo audiences, for example. uslng photo aids al ESOL classe8. Methods used included Interviews, creative aciOvitie$ al community events, School VrkshOpS. and recorded discussions Trmlh residents at gardening groups, art classes, and coffee mornings. Followng poor uptake on dig1ts18urvey8 2023, we al60 rolled out a more robu$t digital conyullallon offer through largeled social media advertising. This approach successfully reached a broader audience, wlh 179 residen15 Irom prlorrty poslcodes completing digital survey$. A wealth of qualitative dat? was collected from these con¥ultations, the key themes of whlch were used lo create a bluepdnl for the communit1$ vision for each park. 2. Mobilise- we will empoY*er communrties to bring parks to life through actlwtses and improvementg. These blueprints prowded o mandate lor grassroots groups and volunteers to trial co-designed 8Ctlvlty, 5UPPOrted by our Community Parks Activity Grants wogramme. In 2024. we p8rtnered with 13 grassroots groups lo ddiver community-led activity across parks in Burley. HarehS11s. Seacrcft, and Woruey, engaging more ihan 1.200 residents wth their local green space. Events ranged from therapeutic art sessions to guided walks, hip hop workshops, picnics, and tree planting days.
Love Leeds Parks Tru8t8es' Annual Report[conllhu•dJ Year ended 31 December 2024 Key outcomes from funded acliwty includt.. Residents were equipped wlh the skills, knedge, and confldence to use and shape their local green spaces moving forwards. In Burley, RETAS introdu¢6d refugee5 and asylum seekers to the city's green spaces. Residents Improved the physical fabric of their neighbouthoods. In Wortley, residents collects.vely planted 500 bulb3 and 4 trees in their local park. Gr888rools groups grew and diversified their mernber¥hip bases, supporting long-lerm viability. Friends of Burley Park reported younger residents joining their mailing list following a Gommunily planting day. Residents wgra Inspired lo lake their own slrenglh8-based approach lo community building. Followng community festival in SeaGroft, residents met with a local charity lo discuss uslng their pork Playbox as a venue for refreshments and live muslc. Residents conne¢led wlh their neighbours. Feedback from residents in Seacroft deemed this to be particularly Important posl-covid. Vdunlary and community organisalion$ successfully Irialled new a¢li¥ity that can be replicated. Hello Hip Hop (Jeveloped a 'Park Jarn, product for children that was piloted in HaTehi11s and then replicated in S•acroft. Following this activity, further grants were made lo nine groups in Hunslel and Stsnningley in the Autumn of 2024, for the dellvery of cornmunity-led 8ctlvily acros3 Springlsummer 2025. Proposed aclivty includes rollerskaling, foolb311, Zumba, guided creative walks, litter picks, and intergeneralional ommunity evenl8. In addition to activity funded by the grants programme, we also supported tyvo engagement projects through our Spacehive crowdfunding pl8tform in 2024. We partnered with Friends of Stanningley Park lo launch the cornmunily's first lantern parade, unlling 300 residents in the park for Creative workshops and celebrations. We al80 pJrtner•d th Englgnd Netball lo Support SO women and girfy back into sport in Meanwood Park. 3. Inve8t- wll bring new funding into parks. Th18 yoar saw new investment in Leeds's communlty parkg through the generous guppjrt of truyts and feundalion5, and our Spacehive crowdfunding plarform. Our work in 2024 was made pojsible by the National Lottery Herttage Fund, %Mth thanky lo National Lottery players. Our activities were also 8UPPOrted by the generous support of the National Trust, Sir George Martin Trust, Scurrah Wainwright Charily and the Mayor's Safer Communities Fund. Indiwdual donors from across the city supported parks athvlty through the launch of our Spacehive Crowdfunding campaign. Three projects benefltled from the support 0188 backers, generating a 58% increase on the charitls investment in the projects. 4. Amplrfy - wg wll place a spollighl on the important Tole parks play in building happy and healthy communities. In 2024, we have continued lo grasp opportunities lo work in partnership wth changemakers at all levels lo address the impa¢t of disparity in acces5 to qualrty green Space. In the Summer, our CEO was invited by Spacehive to present to local authority leaders across the country on the important role
Love Leeds Parks Trustees. Annual Report l¢ontinuedl Year ended 31 December 2024 parks play on the journey to net zero. Our CEO also joined the Leeds Parks & Green Spaces Forum leadership comrnittee to share consultallon finding5, while our Communrty Officer was invf(ed to present lo lo councilors sitting on the Inner West Community Safety & Environment comrnittee. Flnancl•l Mvl•w 2024 was the second year the charity recelved funds under ils National L¢)ttery Heritsge Fund three- year grant. In 2024 LLP did not deliver a major Blossom project for the National Trusl1£5k versus £30k 20231 and no funds lor community grants were received (Nil versus £24.5kl and thu5 income received in the year fell to £81,93912023.. £137,757), the roll out of community grant Programrnes acioss four parks seeing expenditure increasing to £101,32512023.' £96,958). This saw an ovefall delicil of of £19.38612023.' surplus of £40,799). Reserve5 policy Love Leeds Parks re8eNe8 poIIcy 18 to hold bethen 7 and 14 wgeks of expenditure as available unreslricled reyerves. The INStee8 consideT this amount sufficient lo allow the charity lo continue Its core activities during a period of unforeseen difficulties and inlerruplions in lundlng. This wa8 equivalent lo holdlng befvRen £13,640 and £27,280 in available unrestricted reserve5 on 31 December 2024. Total funds held on 31 December 2024 amounted 10 £39.256 91 lCh £17,276 was restricted and £21,980 was unre81ricted. The tru$lees are therefore 5at15fted Ih818ufflcienl unreslricled reserves afe currently held. However, the Iru8tee8 Mll continue to review the charity's financial obligation$ on an ongoing basis and are conscious that the charity will be subject increased commitments as the project grows, including co$ls associated with stalulory obligations lo it$ ytaff team. The IN$lees will therefore geek lo increase reserves over the course 01 2025 and. a8 noted telow, are working towards 8U818in8ble Income model. Futu1• Ilnanclll uncertalnty Thi8 year, fundraising efforts made by our CEO 88w new Ioc81 8UPPOrters inve81 in the charills a¢tlvrtle8, ¥th financial support generousty given by the Sir George Martin Trust, the Scurrah Wainwright Charity and the Mayor's Safer Communilles Fund, Despite this new investment, the charity 18 still reliant on the Nalional Lottery Heritage Fund INLHFI to cover most of f(5 operatin9 expenditure. In 2024, the 82% of contribytion to core costs made by the NLHF represented over 63% of our lo181 expenditure alone. To ensure the long-lerm financial viability of the charity, the CEO and Iru3lees are aiming to 8ecure 8 pipeline ol allernalive funding in 2025, to enable the ongoing employment of a 51aff team and the development and delivery of charitable act111$ in 2026 and beyond.
Love Leeds Parks Truste. Annual Report Year ended 31 December 2024 Plon8 torl¥lur• p•rlod• As we mEwe inlo the third and final year of Ihe LeedB Partnership Parks wlol projec( we wll conts'nue lo bulld on the 8UCCe88 of our proven cunfnvnlty empowerment mojel whilst looklng to the future of the Chgrfty. Key priontie8 for the wjcoming year includ&'. . Eng99¥Mt- We hope to ljunch an Bng80nI progf8mm Sn Spdng 2025. Thi8 w¢gramm¥ 8upport parln¥T or98ni88tion3 lo byikj Dn innovativ• actmty su¢cas81ully to$tod acros¥ communlty P8rk8 in BuTty. H8h411S, Seacroft and Stsnnin9ley. Digital communlcations - We wiw work In partnerSp Iha Natlonal Trust to engage a broeder audience across Leeds wrth the grnen 6pac88 on Iheir doorstep throu the ddivery of H dvJi 8108som campaign. Wo will Invest rosour¢4 In • rofr•¥h ol th• ¢tsiity'$ websit to b•tsr refl8ot th charity'8 purpose and impact and pul 8 Spotlight on the tiVit8S of our nehrk. EvalualSon - Wo will pr¢xur• thè 1vI8 of 8n ind8pend8nt avajuator to 8xplor8 th• k•y outccffles, 8ucces8•s, and 0¥nIng8 of th8 L8¢ds Partn8rship Park8 pilot. W• will di888minato tho68 finding8 With gre8n 8paco praclitionef8, local aulhority leodwg, and VCSO8 8cfosB the city, 88 we explNe nÈw p4rtn6rshlp wptsrtuntttès to 8UPPOrt th& ¢harlty'6 $tan. Fundraisin9 - It is vital that the charity Secures mulb'.year funding to support the cothinu8tion of our charitable adth'88 in 2026 and beyond. In 2025. the CEO and tru81ee8 wil work cb8ely wllh key gtakeholderF, includlng our VCSO nfjtsrk and authorty leader8, to dernon8frate the need for and impacl of th• chartys actwil to prosp0Ch fund8r8. The tru8tee8' onnu•l report aFfIr0d on .... ... truataés by.. ned on ol the board cl C MorriBon Cholr ro$ton Trsurel
Love Leed8 Parks Independent Examinerfs Report to the Trustees of Love Leeds Parks Year ended 31 December 2024 I report lo the trustees on my examination ef the financial glalemen18 of Love Leeds Parks I'the charitll lor the year ended 31 December 2024. R•spon•iblliti•s and bas1$ of r•port As the trustees of the charlty you are re8pon8ible for the preparation of Ihe fin8ncial stolements in accordance vAth the requlremenls of the ChaTlties Act 20111'lhe Act'l. I report in respect of my examination of the charity's financial statement$ Carried out under section 145 of the 2011 Act and in carrying out my examinadon I have follo all the applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Indgp•nd•nt •x•mlnorf• ¥t•tem•nt I have completed my examinath'on. I confirm that no material mallers have come to my attention in connection the examination giving me cause to belleve th81 In ony malerlal respect.. accounbng records were not kept In respect of ihe chaTIIy 88 requlred by 8ection 130 of the Act,. or the financial s181emenls do not accord wlh Iho8e records,. or the flnanual 818lements do not mplY wth the applicable requirements concerning the fom and content of ac¢oLtnts sel out in the Charities (Accounts and Reports) Regulations 200B other than any requirement that the accounts give a 'lrue and fair, view which 15 not a matter onsidered as part ol an Independent examination. I have no concerns and have come acr085 no other matters in connection wth the examination to vthich allenlion should be drawn In Ihiy report In order lo enable a proper under81anding of th• accounts lo be reached. N J Calallder FCCA Independent Examiner For and On 8ehalf of David caall¥der & Co Limlted Suite 3 Bignell Park Barns Chesterton Blcegler Oxon OX26 1TD
Love L8eds Parks statement of Financial Activitles Year ended 31 December 2024 2024 Re$lri¢ted funds Total fund* Total funds 2023 Unrestrided funds Income and end014entS Donations and legacies Charitable actsvities Investment income 4.813 s,000 139 71,987 76,800 5,000 139 107,757 30,000 Total Incom• 9,952 71,987 81,939 137.757 Exp•ndltur• Expendrtuie on raising funds.. C09ts of r818ing donations 8nd legacle8 Expenditure on charitable activitieB Tot•1 •xp•ndlture 4,972 3,087 8,039 2,583 90,703 93,286 7.556 93,769 101.325 10,039 88,919 96.958 N•t l•xp•ndltur•lnn¢om• 1,913 121,2991 119,3861 40,799 Trgn8f•r8 beeen lunds 110,288 10,288 N•t mov•m•nt In fund• 18,373) (11.013) 119,386) 40.799 RKonclll•tlon of fund• Total fundg brought forward Total fund• c•rrl•d forward 35,173 26,800 23,469 12.456 58,642 39,256 17.843 58.642 The statement of fi'nancial aclivilie8 include8 all gains and105ses recognised in the year. I Income and •xpenditure derive from conllnuing actiwti'es. The note8 pages 11 to 19 fomi of th•#• fln4nc1418tAt?m•nt•.
Love Leeds Parks statemenl of Financial Position 31 Decembor 2024 2024 2023 No Curr•nt a8••ts Debtor8 C8sh at ba{ in hand 10 27.213 40,955 68.188 48,770 57,87e Cr•dltoY•: Imounl fAlllng du• wlthln on• yur N•t ¢urrnnt au•is 16 18.420 9,526 39.286 58.642 Totsl ••••ts IM• curr•nt lknblllth• 39,258 39,256 58,842 N•t A•••t• $8,642 Fund¥ ot th• ch•rlty Re8lrKl8d fvnds Unrestricted funth 12,456 26,8CQ 39,2 23,489 35.173 58,642 T(tsl charlty fund• 17 Those flnanc*al 8talem•nt8 10 8Fprov•d by th• board of tru8lee8 ond authori?od for 18iu• on .7.IVow2.58nd are 8wJn•d on b8h811 ol the board by.. (O JA. p_k C Morrknon Cha J Pr8Ston Trnasur8f Th• rtot4$ On 4•• 11 to l• ollh4•• IIMn¢lal •t•tem•n¢•. 10
Love Leeds Parks Notes to the Financial Ststements Yèar ended 31 December 2024 G•n•ral Infonnation The charity is a public benefit entty and a registered charity in England and Wales and is unincorporated. The address of the principal office 18 Love Leeds Park5, Famley Hall, Farnley Hall P8rk, Hall Lane, Leeds, LS12 SHA. Statement of compli•nc• These financial ststemenls have been prepared in ¢omplian¢e wlh FRS 102. 'The Financial Reporting Sl8ndard applicable in the UK and the Republic of Ireland,, the Slalemenl of Recommended Practice applicable lo charlties preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ir&18nd IFRS 102} (Charities SORP {FRS 102118nd the Charities Act 2011. Ac¢ountlng pollch 8181• of proparatlon The financial statements have been pr•pared on the hi8torical co81 basis, as modrfied by the rev3luats.on of certain finanrAal assets and liabilities and investment properties measured al fair V81ue through Income or expendllure. The financlal Jtalemenls are prèpared in slerfing, which lfj the functs'onal currency ollhe anllty. Golng con¢•rn There arg no material uncertainties about the charity's ability to Gl)nllnue. Judg•m•nt• Ind k•y 4ourc•B of •¥tlm•tlon uncertalnty Thè preparation of the financial statemenlg requires management to make judg?ment8, eslimales and assumptions that affect the arnoun15 reported. These estirnate8 and judgements are continually reviewed and are based on experience and other fador$, including gxpectalion8 of lulure events that are believed to be reagon8ble under the circumstances. Fund accountlng Unrestricted funds are available for u8e at the dlscrellon of the Iruslees lo further any of the chanly's purpo$e$. Oeslgnated funds are unrestrided fund8 earmarked by the trug1Èè$ for particular future project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-dasses.. restricled income fund5 or endowment funds. 11
Love Leeds Parks Notes to the Financial Statements fMniinu8¢lJ Year ended 31 December 2024 Accounting policies (canllnu•dJ Incoming r•*ourc•¥ All Incorning resources are included in the statement of financial athvities when enlillement has passed to the charity,. il is probable that the economic benefi'ts associated with the transaction wll flow lo the charty 8nd the amount can be religbly measured. The following 8pedfic pollcles are applied lo parts'cular categories of income.. income from donations or grants 15 rec¢gnised when there 18 evidence of entitlement to the gift. receipt 15 probable and its amount can be measured reliably. legacy Income Ss recognised vthen Teceipl Is probable and entsllemenl 18 e$labli¥hed. Income from donBled gooijs 18 measured al the fair volue of the goods unless thlg is Impractical lo measure reliably, in vlnich case the value is dwived Irom the cost lo the donor or the eslim8led resale value. Oonated facilities and services are recognised In the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from ¢onlr4¢18 for the Bupply of Services 13 recegnlsed wilh the delivery of the contracted 5erwce. Thls ly Classiffed as unreslricle¢J fund8 unle98 there is a contractual requiremenl for Il to be spent on a particular purpese 8nd relumed if unspent, in %Ich case 11 may be regarded as reslncted, R••ourc•• •xp•ndod Expenditure is recogni8ed on an accruals baslj as ¥ liability 13 incurred. Expenditure includes any VAT thich cannot be fully recovered, and 18 clg¥8ified under headlngs of the statement of financial acty"vllies to vthich il relales.. expenditure on rJi8ing funds indudes the coBly ol all fundraising activilei, events, non- chgrilable trading aclivits'es, and the sale of donated goods. expenditure on thadlable aclivllles includes all coJl$ incurred by a ¢h¥rily In undertaking activities that further ils charitable aims lor the benefil of rts beneficiaries, Includlng those support costs and costs relating lo the govornance of the charity apportioned to charitable aclivllles. other expendilure includes all expendire that is neither related to r4i$ing funds for Ihe chgrity nor pBrt of its expenditure on charitable ath'vllies. All costs are allocated to expenditure categories reflecting the use of the regource. Direct costs attributable to a single activity are allocated direcuy lo that activity. Shared costs are apporboned befven the activities they contribute lo on 4 reasonable. justifiable and consistent basis. Fln•ficlal Instruments A financial asset or a financi81 liability is recognised only Ythen the Bharlly becomes a party to the conlrgctual Provisions of the instrument. Basic linancial instruments are initially recogni5ed at the amount receivable or p8yable including any related transacts'on costs. 12
Love Leeds Parks Notes to the Financial Statements fconUnu•dJ Year ended 31 Decombor 2024 A¢¢ountlng pollcles f¢oftthJu•d) Financial In•trumonts f¢ofttlnu•d) Current assets and current liabilities are 5ubsequenUy measured al the cash or other consideratson expected lo be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments Sn shares are publlcly traded or their fair value can olhenmse be measured reliably, the investment is subsequenuy rneasured at fair value changes in fair value recognised in income and expenditure. All other such investments are subsequently measured al cost le¥$ impairment, Other financial Instruments, including derivatives. are initlally recognlyed al falr value, unless payment lor an a$sel 1$ deferred beyond nomal buginesg terms or financed at 8 rale of interest that Is not a market rate, in which case the a$8al is measured al the present value ol the future payrnenls discounted al a market rale of interest lor a 6imilar debt instrument. Other financl81 instruments are subsequently measured at falr value, any changes recogni3ed in the slalemenl of financial ath'vities, wlh the ex¢epti¢)n of hedging inslrumenl$ In de8ignaled hedging relallonghlp. Flnancial assets that are measured al coyt or amorti8ed cost are reviewed for objective ewdence of impairment 81 the end of each reportlng dale. If there is objective evidence ol Impairment. an impairment loss 1$ recognised under the appropriate heading in the slalemenl of financial
cliv.es in %thich the inrtial gain wa$ recognised.
For all equity in81rumenl$ regardless of 819nlfic8nce. 4nd other flnandal ¥$$ets that are individually signilicanl, these are as8e88ed individually for Impairment. Other financial assets are elther assessed individually or giouped on the bag1$ of Slmilar credit risk characteristic$. Any reversals of Impairnienl are recognised immediately, to th2 extent that the reversal does not result in a carrying arnount ol the fingnci81 as$el that exceedg the carwng amount would have been had the impwnnent not prewously been recogn18ed. Donatlon¥ and legacleg Unrestricted Funds Re9tricted Total Funds Funds 2024 Donatlon• Oonation5 and gifty 1,559 8.391 9,950 Grants Granty receivable 2,741 63,596 66.337 Other don4tlon• and legacie• Ocnaled goods and services 513 513 4,813 71,987 76,800 13
Love Leeds Parks Notes to the Financial Statements (cort Year ended 31 December 2024 Donations and l•gaci•a (coftlthim unstriCted Funds Restricted Ttstsl Funds Funds 2023 Donatlons Donab'on8 and gifts 9,061 3.500 12,561 Grant8 Gran15 receivable 15,759 75,697 91,456 Othor donallons and l•gacl•B Donated good5 and yervices 3,740 28,560 3,740 79,197 107,757 Ch•ritabl• actlvlti Unrestricted Totsl Fund• Unreslrfcled Total Funds Funds 2024 Funds 2023 Services provided under contract 5,000 5,000 30,000 30,000 Inv••tm•nt Incixn• Unreslrfcted Total Funds Unreglricled Total Funds Funds 2024 Funds 2023 Bank interest recelv8ble 139 139 Co8tB of ral•lng don*tlon8 and l•gacl•• Unrestricted Funds Re8trfcted Total Fund• Funds 2024 Sub$cripb'on8 and plattom feeg Support cost8 917 1,668 1,028 6.528 4,861 4,972 2,583 7,556 Unrestricted Funds Restricted Total Fund8 Fund5 2023 Subscripts'ons and platfom f••s Support costs 313 2,289 1.260 6,177 1,573 8,466 10,039 2,602 7,437 14
Love Leads Parks Notes to the Financial Statements (¢onrhwedJ Year ended 31 December 2024 Exp•ndlture on charitabl• activiii•s by lund typ• Unrestricted Funds Restricted Total Funds Funds 2024 Service5 Provided under contract Support costs 2,919 148 36,714 53,989 39,633 54,136 3,067 90.703 93,769 Unrestricted Funds Restricted Total Funds Funds 2023 Services provided under contract Support costs 23,076 12,973 36,049 15,870 35,000 38.946 47,973 50,870 86,919 Expendlture on charitabl• •¢tlvltl•* by actlvlty typ• Aclivilltrs undertaken Grant lundlng direcuy of acllvllles Support costs Total fund• 2024 Totol fvnd 2023 Services prowded under contract Govemanct costs 14,309 25,324 52.397 1,739 54,138 92.030 1,739 93,789 85,134 1.785 14,309 25.324 86,919 10. Analysls of •upport costs Provision of publicly available green space Totsl 2024 Toial 2023 Staff costs Govemance costs General expenses Insurance Telephone Recruitment Training HR & payroll seNces Evaluation 56.940 1.740 152 157 624 389 56.940 1,740 152 157 824 389 48,241 2.100 212 157 890 742 600 497 3,200 662 662 60,664 60,664 56,439 15
Love Laeds Parks Notes to the Financial Statements l¢onthy•OJ Year ended 31 December 2024 11. Anjlysis af grants 2024 2023 Grants to Instltutlons RETAS Leeds- NLHF Friends of Burfey Park - NLHF Hello Hlp Hop- NLHF Harehills Park BoWing Club- NLHF Harehllls Lane Action Team- NLHF Left 8ank Leeds - NLHF Friends of Wotley- NLHF LS14 Trust- NLHF Friends of Hunslel Moor- NLHF FTiendB of Slanningley Path- NLHF Hamara- NLHF LS TEN limrted- NLHF The Nawroz School- NLHF All Eng18nd Netball Association- Sp8h1v& Friends of Slanningley Park- Spacehive Friends of 8udey Park- Spacehlve Other grants < £1.000 1,000 1,480 1,439 2,125 1,500 11,1251 1,500 1,492 2,998 4,500 1,500 1,500 1,5DO 1,440 1,000 1,140 1,223 1,169 3,987 25,324 1.235 7,279 7.279 Totsl grants 25,324 12. Ind•p•ndent •xamlnatSon 1008 2024 2023 Fees payoblo lo the independent examlner for.. Independent examlnètlon of the financlal 8t8lements 1,740 2,100 13. Staff ¢tI Th• lolal $laff costs and employee benefits for the reporting perlod ar• analysed gs follo.. 2024 2023 Wage5 and salaries 56,940 48,241 The average head count of employee8 during the year was 312023.. 3}. No employee received employee benefits of more than £60,000 during the year {2023.' Nill. 14. Trustsfr r•muMratlon and oxpon••• The key management personnel of the charity consists of the 808rd of Trustees and the Chiel Executive Officer ICEOI. The trustees receive no remuneration or benefils. The total benefits receivod by key management personnel in the ye3r was £25,62612023'. £26,246). 16
Love Leeds Parks Notes to the Flnancial Statements (conllnuqdj Year ended 31 December 2024 15. Debtorn 2024 2023 Prepayments and accrueij income 8,906 27,213 16. Crndltorn.. lmounts falling du• wlthln on• y•ar 2024 2023 Trade creditors Accruals and deferred InMe Other creditors 10,159 7,092 1,189 5,2S2 2,149 2,125 9.526 18,420 17. Anaty•l• of chttrftsbl• fund• Unr••trlctsd fvndl At 1 Jonuary 202 At 31 Oocombor 2024 Income Expendllure Tr¥nsfei8 We Love Leeds ParkB General lund8 5,000 30,173 13,5321 14,5071 18,0391 {1,4881 18,8181 110,286) 9,952 9,952 26,800 26,800 35,173 At 1 January 202 At 31 Decembor 2023 Income Expenditure Transfers We Love Leeds Parks General funds 2.000 56.560 58,560 3,000 5,000 30,173 35,173 12,264 12,284 (38.651) 138,6511 3,000 D•slgn•tgd Fund - Wo Lovfr Le8dB Park• The We Love Leeds Park$ fund has been developed lo empower local communities lo fundrai$? for projects that bring the people of Leeds into their local parks or green spa¢e$ with 8¢b'vilie8 or Improvements. Delivered via the Spacehive crowdfunding platform, the fund offers community groups. non-profits, and CICS, the opportunity to secure up lo £1,500 in funding towards projects benefi'tting Leeds, public green spaces. particularly Ihose located in areas of high deprivation. This includes ventures that bring comwnunilie5 together. irnprove acces$ibilily. enhance the physical and mental wellbeing ol local resident5, tackle the impacts of climate change, and conserve the heritage of public green sp3ceg. 17
Love Leeds Parks Notes to the Financial Statements Year ended 31 December 2024 17. Analysis of charltablo funds (conllndèdl R••trlctsd funds Al 1 January 202 At 31 D•Gember 2024 Income Expenditure Transfers National Lollery Heritage Fund Tree Plantlng Appeal Leeds Hortlcultural Society Sir George Marts'n West Yorkshire Comblned Authority The Scurrah WainvThighl Charty 19,936 3,533 54.915 5.650 187,9411 15,34SI 16,293 12,6241 3,203 1,214 2,783 2,763 5.659 13,3831 2.276 3.000 3,000 23,469 71.987 193,2861 10,286 12.456 Al 1 January 202 At 31 December 2023 Income Expendlture Tran8fer8 National Lottery Heritag• Fund Tree Planting Appe81 Leeds HortlcullLbral Society Sir George Martin Wesl Yorkshire Combined Authority The Scurrah Wainwrbghl Charity 12,7951 5,374 75,697 3.500 152,9661 15,3411 19,936 3.633 3,000 13,0001 5,579 79.197 (58,3071 13,0001 23,469 18. Analy•l• of n•t a•••i• bat•n fvnd• Unre$lricled Funds Re$lricled Tot•1 Fund• Funds Z024 Current assets Creditor5 le85 than 1 year 45,221 118,420) 26,801 12,455 57,676 118,4201 39,256 12,4SS Unrestricted Fund5 Restricted Total FurKIs Funds 2023 Current assets Creditor5 less than 1 year Net assots 44,899 19,526) 35,173 23,469 68,188 19,5261 58.642 23,469 18
Lovè Leeds Parks Notes to the Financial Statements (cLe Year ended 31 December 2024 18. Analy•l$ of net aysets betw•en funds Icontknuodj 19. Relat•d partl•s In 2024 the charity recelved grant funding from the National Trust tolalling £5,000. Two of the charity's tru3tees - Casey Pae Morri50n and Justin Dominic S¢ully- a employed by the National Trust. The fundg received from the National Trust are re8lricled to the charity'g'8lo$som' wojecl. The negotiation of workg was undertaken by the CEO and was informed by the availability of contractors al short notice wlhin the timeline of the plantr'ng season and the deadline yet by the Blossom Campaign In late 2023, the charity granted £1,460 lo Frlends of Burley Parf( under the Heritsge Fund Community grant scheme. In Autumn 2024, the charlty made a pledge of £1.169 to the Spa¢ehive Crowdfunder to be run be Frlends ol Burley Park under the We Love Leeds Parks programme. Trustee John Preston is an acts've committee member of the Friends of 8urley Park bul played no part In the Love Leeds Parks grant panel8 lo award these grants. Dean Ellis¢n bec8me an employee of the National Lottery Heritage Fund in Octobèr 2024, but in role unconnected lo the charlty's award and ils 8ub$equenl management. 19