Registered number: 13618036 Charity number: 1198372
THE PARK EDUCATION LTD
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
THE PARK EDUCATION LTD (A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 6 |
| Independent examiner's report | 7 - 8 |
| Statement of financial activities | 9 |
| Income and expenditure account | 10 |
| Balance sheet | 11 - 12 |
| Notes to the financial statements | 13 - 22 |
THE PARK EDUCATION LTD (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
| Trustees | Trustees |
|---|---|
| David Freed, Chair | |
| Philip Briggs | |
| Iain Neary | |
| Jonathon Baker (resigned 9 October 2025) | |
| Neil Way | |
| Avril Baker | |
| Jane Britton | |
| Lucio Mesquita | |
| Helen Holland (appointed 14 July 2024) | |
| Company registered number 13618036 Charity registered number 1198372 Registered office The Park Daventry Road Knowle Bristol BS4 1DQ Company secretary Philip Briggs Auditors Randall & Payne LLP Chargrove House Shurdington Road Shurdington Cheltenham Gloucestershire GL51 4GA Bankers National Westminster Bank 290 Wells Road Knowle Bristol BS4 2QA |
Page 1
THE PARK EDUCATION LTD (A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of the Company for the 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Status
The Park Education Ltd is a company limited by guarantee (registration number 13618036) and granted charitable status by the Charity Commission on the 24th March 2022 under number 1198372.
Structure Governance and Management
The Park Education Limited is a registered charity and a company limited by guarantee and is governed by its Memorandum and Articles of Association, the Companies Act 2006 and the Charities Act 2011. Its company registration number is 13618036 and its charity number is 1198372.
Investment Powers
Under the Memorandum and Articles of Association the charity has the power to make any investment that Trustees see fit.
The Directors
The Board of Directors, who are Trustees for the purpose of charity law, who served during the period and up to the date of this report are set out on page 1.
Appointment of New Trustees
New Trustees are recruited in line with the Memorandum and Articles of Association. Existing trustees are to be responsible for induction and training of new trustees.
Risk Review
The charity regularly considers the risks to which the charity is exposed at Trustees meeting. A formal risk register has not yet been prepared.
Going Concern
Having considered and reviewed the performance of the company, and forecasts for the next 12 months, the Trustees consider that it is appropriate to prepare the financial statements on a going concern basis.
Organisation
The Charity is managed by an elected board of Trustees. All board decisions are minuted. The Park Education Director is Louise Hunt who reports directly to the Trustees.
Page 2
THE PARK EDUCATION LTD (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities
a. Policies and objectives
The objects of the charity are as follows:
-
a) to advance the education of the public, in particular, but not exclusively, by providing educational courses to young people aged 14-21 to develop their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;
-
b) To further or benefit the inhabitants of the local area without distinction of sex, sexual orientation, age, disability, nationality, race or of political, religious or other opinions by associating together the said inhabitants and the statutory authorities, voluntary and other organisations in a common effort to advance education and provide facilities in the interests of social welfare for employment and recreation, and with the object of improving the conditions of life for the said inhabitants;
-
c) To maintain, manage and promote the existing community centre known as the Park (whether alone or in co-operation with any statutory authority or other person or body) for activities provided by the charity in furtherance of the objects.
In the exercise of the charity’s powers, to that end the charity has paid due regard to the published guidance from the Charity Commission on the operation of the Public Benefit requirement under the Charities Act 2011.
Summary of main objectives in relation to the organisation’s objects are as follows:
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1) Effective governance
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2) Commitment to equalities and inclusion
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3) Creation of policies and procedures underpinning efficient operation and administration
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4) Sound business planning and financial management
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5) Deliver Vocationally related education and training programmes
-
6) Contribution to employment and enterprise
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and performance
a. Summary of main achievements of the charity during the year
Governance
-
SAR + QUIP completed.
-
Regular meetings with City of Bristol college, including monthly quality reviews(which includes monitoring performance) fortnightly Curriculum link and safeguarding link.
-
All staff appraisals completed.
-
Due Diligence completed for the following years contract agreement.
-
Quality review completed.
-
Parents evenings completed.
-
Successful checks on IAG and employability.
Page 3
THE PARK EDUCATION LTD (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance (continued)
Staffing
-
LSA hours distributed amongst team following a resignation.
-
Team curriculum planning ongoing.
-
CPD ongoing for all employees.
Finance
-
Education income increased as the demand for the provision grew.
-
Grant secured from John James Foundation towards Water Sports activities.
Operation and Admin
-
Policies are being reviewed on a quarterly basis and signed off at Trust meetings.
-
Annual Due diligence completed.
-
External Verification of vocational courses was successful.
-
Current learners who will be progressing have had interviews, visits to college and taster sessions.
-
New intake of students have completed their induction week.
Equalities and Inclusion
-
Most of our students have EHCP’s, therefore lots of additional support is required for these young people.
-
Continuation of Talk Speech Language therapy for students.
-
SEN youth club continuing and successful.
-
Hate crime sessions ran by Brandon Trust.
Education and Training
-
Delivery of Sex Education and Relationships.
-
EHCP review meetings for all students.
-
Students completed Functional Skills exams and external verification submitted.
-
Summer holiday ‘keeping in touch’ sessions very successful.
-
Learner work placements worked well this year.
-
Visits and enrichment continued – eg Water Sports, Cooking, Mindful Walking and Running.
-
Positive visit from the ESFA.
-
Animal Care sessions ran for the nursery.
-
Achievement document already circulated – all KPIs exceeded.
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Completion of all qualifications and exams.
-
Successful transition of learners to new provisions.
-
Bleed kit training completed.
-
Good start to the new academic year – 35 full time learners, 3 New Fosseway courses.
Employment and Enterprise
-
Successful work experiences and placements.
-
Student fundraising via cake sales, tuck shop and other activities.
Page 4
THE PARK EDUCATION LTD (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance (continued)
Financial review
a. Financial Review
Incoming resources for the charity were £568,744 compared to £510,481 in year ended 31st March 2024.
Expenditure was £576,629 compared to £508,196 in year ended 31st March 2024.
b. Reserves policy
The trustees consider that reserves are an inherent part of The Park Education risk management process. The need for reserves will vary depending on The Park Education financial position and the assessment of the risks The Park Education faces at a particular time.
The Park Education Trustees have determined a reserves policy to maintain reserves at a level consistent with established good business practice and that is prudent. Free reserves at 31st March 2025 were £4,177 (2024: £12,062).
Plans for future periods
-
Governance
-
Address operational profile of the trustee membership to ensure diversity is maintained.
-
Plan for expansion of the provision.
-
Operations and Staffing
-
To ensure all policies are up to date.
-
Look at recruiting additional staff for increased number of students.
-
Ensure staff CPD is up to date.
-
Education
-
Continue to develop the education provision.
-
Explore opportunities to work closer with Hospital Education.
-
Explore opportunities of working closely with Oasis Academy following the redevelopment.
-
Employment
-
Strengthen links with local employers of all sizes.
-
Work closely with the Youth Guarantee Program to offer placements.
-
Prioritise local applications when recruiting.
Page 5
THE PARK EDUCATION LTD (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
David Freed
David Freed (Dec 10, 2025 11:32:41 GMT) ................................................
David Freed Trustee
Date: 10/12/2025
Page 6
THE PARK EDUCATION LTD (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner's report to the Trustees of The Park Education Ltd ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Page 7
THE PARK EDUCATION LTD (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner's statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants of Scotland (ICAS), which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's 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 Company and the Company's Trustees as a body, for my work or for this report.
Signed: Dated: 11/12/2025
Benjamin Burch (Independent Examiner)
ACA
Randall & Payne LLP Chartered Accountants & Independent Examiners Chargrove House Shurdington Road Cheltenham Gloucestershire GL51 4GA
Page 8
THE PARK EDUCATION LTD (A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Note Income from: Donations and legacies 2 Charitable activities 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2025 £ - 4,500 4,500 4,500 4,500 - - - - |
Unrestricted funds 2025 £ 2 564,242 564,244 572,129 572,129 (7,885) 12,061 (7,885) 4,176 |
Total funds 2025 £ 2 568,742 568,744 576,629 576,629 (7,885) 12,061 (7,885) 4,176 |
Total funds 2024 £ 15,405 495,076 |
|---|---|---|---|---|
| 510,481 | ||||
| 508,196 | ||||
| 508,196 | ||||
| 2,285 | ||||
| 9,776 2,285 |
||||
| 12,061 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 13 to 22 form part of these financial statements.
Page 9
THE PARK EDUCATION LTD (A company limited by guarantee)
SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025
| Gross income in the reporting period Less: Total expenditure Net expenditure/(income) for the reporting period |
Total funds 2025 £ 568,744 (576,629) (7,885) |
Total funds 2024 £ 510,481 (508,196) 2,285 |
|---|---|---|
The notes on pages 13 to 22 form part of these financial statements.
Page 10
THE PARK EDUCATION LTD (A company limited by guarantee) REGISTERED NUMBER: 13618036
BALANCE SHEET AS AT 31 MARCH 2025
| Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Total net liabilities / assets Charity funds Restricted funds 12 Unrestricted funds 12 Total funds |
3,400 99,652 103,052 (99,609) |
2025 £ 734 734 3,443 4,177 4,177 - 4,177 4,177 |
3,400 49,644 53,044 (46,315) |
2024 £ 5,333 |
|---|---|---|---|---|
| 5,333 6,729 |
||||
| 12,062 | ||||
| 12,062 | ||||
| - 12,062 |
||||
| 12,062 |
Page 11
THE PARK EDUCATION LTD
(A company limited by guarantee) REGISTERED NUMBER: 13618036
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
David Freed
David Freed (Dec 10, 2025 11:32:41 GMT)
................................................
David Freed
Trustee
Date: 10/12/2025
The notes on pages 13 to 22 form part of these financial statements.
Page 12
THE PARK EDUCATION LTD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Park Education Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The Park Community Centre Limited is deemed to be the ultimate controlling party and parent undertaking of The Park Education Ltd.The Park Community Centre Limited is a registered Charity (Number: 1140834). The Park Education Ltd is included in the Consolidated Financial Statements of The Park Community Centre Limited, whose Financial Statements are publically available at the following address:
The Park Daventry Road Knowle Bristol BS4 1DQ
1.2 Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
1.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
Page 13
THE PARK EDUCATION LTD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting policies (continued)
1.4 Expenditure (continued)
All expenditure is inclusive of irrecoverable VAT.
1.5 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Office equipment - 33% Straight line
1.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
1.9 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 14
THE PARK EDUCATION LTD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting policies (continued)
1.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 15
THE PARK EDUCATION LTD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Income from donations and legacies
| Donations Donation from parent charity Total 2024 |
Unrestricted funds 2025 £ 2 - 2 15,405 |
Total funds 2025 £ 2 - 2 15,405 |
Total funds 2024 £ 405 15,000 |
|---|---|---|---|
| 15,405 | |||
3. Income from charitable activities
| Common Room Hire Grants Supporting education activities Training course income Total 2024 |
Restricted funds 2025 £ - 4,500 - 4,500 - |
Unrestricted funds 2025 £ 1,118 4,498 558,626 564,242 495,076 |
Total funds 2025 £ 1,118 8,998 558,626 568,742 495,076 |
Total funds 2024 £ 980 4,441 489,655 |
|---|---|---|---|---|
| 495,076 | ||||
Page 16
THE PARK EDUCATION LTD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. Analysis of expenditure on charitable activities
Summary by fund type
| Staff costs Resources Other Direct Costs Depreciation Overheads Professional fees Total 2024 |
Restricted funds 2025 £ 4,500 - - - - - 4,500 - |
Unrestricted funds 2025 £ 349,767 42,540 3,926 4,599 169,131 2,166 572,129 508,196 |
Total 2025 £ 354,267 42,540 3,926 4,599 169,131 2,166 576,629 508,196 |
Total 2024 £ 309,154 40,244 3,642 4,599 148,319 2,238 |
|---|---|---|---|---|
| 508,196 | ||||
5. Analysis of expenditure by activities
| Staff costs Resources Other Direct Costs Depreciation Overheads Professional fees Total 2024 |
Activities undertaken directly 2025 £ 354,267 42,540 3,927 4,599 - 2,165 407,498 359,877 |
Support costs 2025 £ - - - - 169,131 - 169,131 148,319 |
Total funds 2025 £ 354,267 42,540 3,927 4,599 169,131 2,165 576,629 508,196 |
Total funds 2024 £ 309,153 40,244 3,642 4,599 148,319 2,239 |
|---|---|---|---|---|
| 508,196 | ||||
Page 17
THE PARK EDUCATION LTD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2025 £ 319,498 26,382 6,996 352,876 |
2024 £ 276,966 23,270 6,454 |
|---|---|---|
| 306,690 |
The average number of persons employed by the Company during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Employees | 16 | 17 |
No employee received remuneration amounting to more than £60,000 in either year.
The total employment benefits received by key management personnel including employer national insurance and employer pension contributions were £86,683 (2024: £63,020).
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .
8. Tangible fixed assets
| Cost or valuation At 1 April 2024 At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 |
Office equipment £ 13,798 |
|---|---|
| 13,798 | |
| 8,465 4,599 |
|
| 13,064 |
Page 18
THE PARK EDUCATION LTD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. Tangible fixed assets (continued)
| Net book value At 31 March 2025 At 31 March 2024 |
Office equipment £ 734 |
|---|---|
| 5,333 |
9. Debtors
| Due within one year Trade debtors |
2025 £ 3,400 3,400 |
2024 £ 3,400 |
|---|---|---|
| 3,400 |
10. Creditors: Amounts falling due within one year
| Loan from parent charity Trade creditors Amounts owed to parent charity Other taxation and social security Accruals and deferred income |
2025 £ 6,985 2,521 71,385 5,645 13,073 99,609 |
2024 £ 8,985 364 20,798 4,486 11,682 |
|---|---|---|
| 46,315 |
During the prior year, an amount due to the parent charity of £15,000 was waived by The Park Community Centre. The amount waived has been recorded as donation income in the prior year.
Page 19
THE PARK EDUCATION LTD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. Financial instruments
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 99,652 | 49,644 |
Financial assets measured at fair value through income and expenditure comprise of cash at bank and in hand.
Page 20
THE PARK EDUCATION LTD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds John James - Water sports and mindfulness Therapies for learners - SJP Charitable Foundation Total of funds Statement of funds - prior year Unrestricted funds General Funds - all funds |
Balance at 1 April 2024 £ 12,062 - - - 12,062 Balance at 1 April 2023 £ 9,777 |
Income £ 564,244 2,000 2,500 4,500 568,744 Income £ 510,481 |
Expenditure £ (572,129) (2,000) (2,500) (4,500) (576,629) Expenditure £ (508,196) |
Balance at 31 March 2025 £ 4,177 |
|---|---|---|---|---|
| - - |
||||
| - | ||||
| 4,177 | ||||
| Balance at 31 March 2024 £ 12,062 |
13. Related party transactions
At 31 March 2025 The Park Education owed £71,384 (2024: £20,797) to The Park Community Centre Limited. The Park Education Limited was charged rent and other charges of £137,783 (2024: £113,514) during the year to 31 March 2025.
Page 21
THE PARK EDUCATION LTD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
14. Controlling party
The Park Community Centre Limited is deemed to be the ultimate controlling party and parent undertaking of The Park Education Ltd.The Park Community Centre Limited is a registered Charity (Number: 1140834). The Park Education Ltd is included in the Consolidated Financial Statements of The Park Community Centre Limited, whose Financial Statements are publically available at the following address:
The Park Daventry Road Knowle Bristol BS4 1DQ
Page 22
Park Education - Financial Statements - For
signing
Final Audit Report
2025-12-11
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Document emailed to Benjamin Burch (benjamin.burch@randall-payne.co.uk) for signature 2025-12-10 - 11:32:42 AM GMT
Email viewed by Benjamin Burch (benjamin.burch@randall-payne.co.uk)
2025-12-11 - 11:54:40 AM GMT- IP address: 82.33.214.66
Document e-signed by Benjamin Burch (benjamin.burch@randall-payne.co.uk)
Signature Date: 2025-12-11 - 11:55:02 AM GMT - Time Source: server- IP address: 82.33.214.66
Agreement completed.
2025-12-11 - 11:55:02 AM GMT