BRIGHT PARK
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 PdJARCH 2024
Chaiily regislrBlion number 526085

BRIGHT PARK
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Liverpool LighlhoLFS8 Limlled
Charlty number
526085
Indèpendent examlner
Champion TLL Limited
7-9 Slallon Road
Heskelh Bank
Preston
Lancashlre
PR4 SSN

BRIGHT PARK
CONTENTS
Pag8
Trustees, report
Independent examinerfs report
Slalem8nl of financial activille8
Balance 8he81
Notes to thè fin2ncial statements
10-19

BRIGHT PARK
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Iruslegs present Ihelr annual report and financial slalemenls for the year enLfed 31 March 2024.
The finallcial statements have b&en prepared in accordance wilh Ihe accounting policles sel out In note 1 to the
financial slalements and comply with the charity'8 governing document, thè Charilies Act 2011 and "A¢counllng and
Reporting by Chafilies= Slalemenl ol Recommended Practice applicable lo charities preparSng thelr a¢counls in
accordance wllh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102) leffeclive 1 January 2019}.
Ob}ectlves and actlvltles
Charlty Objects
The provlslon of Items. services and faGililies lor any schools for children with special educational needs ir) the
are8 of be￿efit.
The promotion of th8 6ducallon of per8on8 who are In need of financial assistance who are atlendiFU. or who
have al any lime attended a school for Chlldren wllh special educalional ne@ds in the area of benefit.
To advan￿ the education of p8rsons rosldent In the ￿ea of benefit, parti¢ulaTly those who hav8 speclal
ecSucalional needs, in the subjects of arts, heritage. CLtllur8 and thé enviror)menl.
To provide or assist In th8 provlsion of facililies in th8 Interests of social welfare for r6creaUon or other leisure
lime occupation of persons re8id&nl in tho area of benefit who have need of such facilities by rea80n of their
youth, age, infirmily or disablllly, financial hardship or soclal clrcumslances with the oblecl of Improvlng their
conditions of life.
Alm and oblectlves
Building on ils heritage as a previous mansion hom? renowned for ils beaullful gardens, abandoned since 1998, the
main building burned down and landscape fallen into serious disrepalr, the trust alms lo
1. Restora the Park lo ils former beauly. Impiove the habilal and biodiverslly.
2. Provide facili116s for recrealiorb and le18ure for communiltes lo enjoy and improvo Ih8lr wellbeing,
especially those with special educallonal n8ed8.
3. Develop programmes on the Park that tsducalo chlldren and young people to look after enwronmenl.
4. Organise and host events and aolivilies for Fesidenls and olhors In art8, heritage and culture for théir
nloymenl and education.
5. Work lo rai88 fundlng essenllal for suslgining the Park.
Publlc bgneflt
The Trusleos have consldeied the Charity Commission guidance regarding publlc benefit and are conlenl that
tho Charity has mel the requirements as described above.

BRIGHT PARK
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevemènts and performance
Charllable actlvlll88
During the year, we
Compleled Ihreg funded projects covèring thè objectives of the park.
Mel up with Sarah Eberle the celebrated RHS award-winnlng Landscape deslgner who agreed lo SuppC￿t us
with our design ￿SiD￿ for the Park
Began lo run a Fore81 School pilot progfamme in the park. developlng partnerships with noighbouring prlmary
school8
Completed the process of bringing both w8lar and broadbandllelephone lines into the pat1(.
Carried oul essential repairs to the Park Lodge property that Is renled out to a l&nant. The repar programma
included the Inslallalion of new windows.
Appointed the new Programm@ Coordinator who 8180 continued as the Forest School Leader.
Friends of Bright Park were honoured wlh an 'RHS Il's Your Neighbourhood Award,, achievlng a Level 4
Thrlvlng slalus.
ACTIVITIES DURING 2023-24
Carrying on from the year 2022-23. the final phase of capital reslorallon of the park was lo bring oss8nllal ulllilie8
into the park. By the end of this financial year, we concluded the mission lo commission different providers lo
connect the park lo electricity and water. We also installéd a 4-camera CCTV system that monitors and rocord8
everyone who comes on-slle via the main entra￿e gales. Wth the Inslallalion of a phon& lin8 and inlernel
m¢xlem, we could fit)ally promde the W-FI that would enable appointed staff lo access the security system
remotely.
111 Forest School Hollday Club
Landscapir)g work was concluded In the area ol the park deslgnaled for the setting up of the forest 8chool
programme. Wlh funding secured from Awards Foi All and others, we ran two rounds of Forest School
programmes for primary-aged children. Two successful ouldoor Holiday Clubs were held during Ihe Eas18r and
Summer school breaks, providing children wlh a fun, active, and educational experlence durlng the school
holidays.
{111 Landscapg Management Programme
The hnany Hands project whlch slarled last year has continued. Hundrods of people have volunteered this y8ar,
including many from the neighbourhood communilies, students from Myerscough College, a staff team Irom a
CAly-b8sed buslne68, Internship students from Liverpool John Moores Unlverslty, and people servlng on the
Probation Servicts Payback Team broughl by Ihe Probgllon staff twice a week. Th8 landscape management
tasks included
i. Scheduled park malnlenanee tasks such as pruning, Irlmrnlng, and tree inspections
ii. Removlng Invasive specles
iii. P12nling new 8hrubs and trees
iv. Creating zones In the park where flowering plants aro sown lo make the park more gllracfive lo
regular vlsilors
v. Habllal enhancement acllvllles such as buildlng new bird nesls and hedg&hog hou8es
In addlllon to those. other volunteers look on the role of gale key holders, opèning up and closing the park to tha
communSly. Others volunleered lo monllor the movements and types of blrds and other animals visillng the park,
work with the Fore81 School team. do administration tasks, work wllh th8 event8 team, and many more. The
work of running 8 park needs so many skllls over long periods that dependlng on paid staff would make such
financially unsustainable.
{1111 Park Hlre Programme. Bright Park began offering its facilities for hlre to external organisalions and
individuals. Wa have idenllfied 5 nalurally occurring zones In the park that could be hired oul for different
purposes. This will need proper promollon5 if it is lo brlng income towards making the park sustalnable.

BRIGHT PARK
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Ilvl Communlty Engagement Programmes
Bright Park Introduced several regular community engagement programmes that largel different beneficlary
groups Including..
Squirrel Hour for children and Ihelr parenlslguardians
Horticulture Tralnlng In partnership with MyeTscough College for adults and young people In thè communities
The Bible Conversations programme began In the park inviting the commurAly, once a week 19 come and
explore the blble In a natural envlronmenl.
With the park now recolvlng dally vlsilors, we embarked on finding out more about the people that engage wllh us.
75Qh of the largel beneficiary groups reported ImpToved knowledge and skill in managing household energy usage
and bills by the end of their programme. 900/ts of the largel beneficlary group rèport improvement in mental and
physical wollbelng through programs and being In green spaces. 65% of the largel ben6ficlary group acqulred
new landscapg management ski11g. Skllls acqulred are valLpble towards mainlalnlng their home gardens and even
selling up their own small busln&ss or gelling employment.
Over the past year, Bright Park hosl8d a wide range of successful and walkrecelved events that bToughl th8
communlty together. Key highlights included..
Easter Celebration by Temple of Praise
Summer Bouncy Bonanza
The Klng's Coronalton Celebration
Let's CelebTale EuiovisiDn event and Workshops
Bright Park Summer Fundraiser
Oog Fest
'Chur¢h In the Park, Summér event
Autumn Welly Walk
8onfiie Night Fireworks Display
Monthly Car boot sales
We bullt new rolatlonshlps durlng the year wlth some organlsatlons Includlng
Klds Inc
they are a Chrlslian Puppet Ihealre. They also do themed walknng 81alion8 durfng Easler and
Christma5.
Nallonal Energy Actlon - is lookirvJ al brlnging energy-saving & recycling workshops to the park.
Northwèst Brltaln In Bloom - who pul us fotward for an award.
Healthwatch Llverpool 18 8ignpo81ing our acllvilies and giving advice and seryices on health matters.
These expanded our list which already Included Groumlwork Cheshlre & Merseyslde, Knolly Ash Allolmenl8,
K[￿llY Ash Air Force Cadets, Myerscough College, Knotly Ash Prlmary School, Payback Team, and Probation
Sèrvlcè.
Bright Park secured fundlng from several funders, including..
Morrlson's Foundatlon and Awesome Llverpool for the 'Llttle Llve$ Matter. Project
Eleanor Ralhbone Charltable Trust, Award5 for All, and Tho Ralnford Trust for the Sensory Storles Forest
School Project
PH Holt Foundatlon for the recruilmenl ol new volunteers.
Hemby Trust lo purchase new facllllles of a Marquee and a storage conlainer.

BRIGHT PARK
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
These ar& a samplg of many poslllve comments made by visllors and other users of the park during the year..
"Quallty place for famlly tlmg.
'Great for events."
'So pèacèful."
'It has glven me morg reasons to leave the house and enjoy the for6st area"
'Great posltlve place for the communlty."
"It Is a lovely local oasls.
'Llttl& gem of a park, enjoy a qulet walk around wlth dog
The Frlends of 8rlght Park volunteer team grew to 15 membeis, many acqijlring skills and confidence. They 811
slaltsd that they èxperi6nced Improvèd wellbeing and ieduced Isdatlon from volunteering al Bright Park.
Brlght Park's four Employèd staff were th8 Program Coordinator, th& Landscap& Mainlgnan¢g SupeNisor, one
full-lime placement from the 'New to Nature Project,. rur) by Groundworks UK, and the Bright Park Rosour¢es
Dlreclor who had daily ovèrslghl for tho Park. The ￿a¢èmenI operatéd as an Events Assisl&nl for the whole year.
Unfortunately, we did not have enough funds lo keop hor on when Ihe placement onded.
Unlverslty 12-we9k Int8rnshlp. Ong LJMU sludenl underwent a 12-week internship programme al Bright Park
and reported gaining valuable work experience in the role of engaging with the local communlty.
Forèst School Loader and Asslstanl. The Forest School Leader was taken on a8 Ihg naw Programme
Coordinator for Bright Park. Funding was raised sometimes lo cover the cost of contracting a casual assistant for
F￿est School when needed.
Park fundraising activities over the last 6 months of the year brought in £2,370.
Local buslness&s and shops supported our fundraising efforts by donallng in-klnd items and vouchers to our
raffles and incentlV8 gitts lo beneficiaries.
As tho park1s currenlty silualod in one comer of Knolly Ash & Dovecot Park Ward, b8n8ficiarles continue lo be
attrac18d from neighbouring wards covering Yew Tree. Wesl Derby and Kensington & FairField. The board
I￿undarIeS were changed after the May 2023 Loc&1 Councll elections which changed th8 area of the pa￿ from
Knolly Ash lo KnollyAsh & Dove¢ol Park ward.
The chalr and aMlh&r trustee have reprèsented Brlght Park on the board ol Llverpool Llghlhouse over Ihls
period. The board continue8 to look for competent at)d appropriate people lo bTing on lo the Management
Commlllee that wlll guide the development of the Park.
Flnanclal rovl8w
11 is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained al a level equivalent lo between three and six month's expenditure. The Iruslees consider that reserves
at Ihis level will ensure that, in the evenl of a significant dTOP in funding, they will be able lo continue the charity's
eurrenl activities while consideration is given to ways in whlch addS1ional funds may be raised. This level of reserves
ha8 been maintained throughout th8 year.
Reserves pollcy
Al th8 year end the Charity held general funds of £62,271 which is malnly for future development, g1vgn
the low level of overheads. on￿ the Park development work starts, these reserves will soon be
expended and the Trustees are seeking new funding for the development and ongoing maintenance of
Ihls project, some of which hos already been Becured, as noted alxive.
Al present the ieserves held a￿ sufficient for short-lerm cost commitments, however the reserves policy
wlll be revised In future lo take account of day-lo-day running costs once the maln development Is
completed.

BRIGHT PARK
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Results for the year
The resulls lor the year are summarised on the Slalemenl of Financlal Aclhjitles.
The Charlly made a deficit in Ihe year of £15,471.
Investmont pollcy and objectlves
The Trusl8&S 8xpe¢l th8 cash resource8 to be requlred al short-noti￿ and aro not In 8 P08111on to 'lle-up'
monies in exlernal investments al presenl. Inleresl rates available on short leim deposit ale mlnlmal al
present, however the Trusloes will continue lo monitor cash levels and any opportunilles lo earn a return
on these monies through safe l flexlble Inveslmenl8.
Rlsk managoment
Th@ Trustees have carried out a rlsk review for the initial development and ongoing acllvilie8 of the Charlly and
continually monitor those risks, Iheir polenlial impact, and ways of miligaling Such risks.
Plan8 for future perlods
Plans for thè park Include those immediately commilled lo from fundings received. and other plans we are looking
lo carry out in Ihe next 24 months.
Over tha nexl 12 months. we will work lo
Doubl8 th8 number of Friends ol Brlghl Park from 15 10 30 people.
Expand the park's biodiverslly by creating t)ew habllals for bees, birds, bugs. and pondlife.
Create a she51ered space in th8 park in which lo delivei smaller activities when the wealher Is bad. Approach other
organisalions in the area that have spaces In Ihelr buildings we can use for indoor-lype aclivilles.
Vvork with the Friends Toam lo expand fundrai8lng aclivllies organized by them lo include hosllng small events.
iunnlng car boot and tablelop sales, and runnlng furKfralsing raffles where possible.
Bring qualily large events lo Bright Park including those for whlch we can charge for allerbdance, another strategy
lo raise income.
Cieate a children's play area in Ihe park as a way of allracllng parents wllh small Children lo Msit more frequ&nlly.
E81ablish a small drinks and snacks and sealing area Café in the park.
Establish more health and wellbeing p¥ogrammes In Ihe park.
Gel funding lo creala a sports court for netball, football, tennis 81c.
Carry out seasonal park landscape maintenance activities.
Begin the proce85 needed to 8ubmil a grant applicallon to the H8rilagg Lollery Fund.
Apply lo several Tru8ts & Foundations. Local and National Govemmenl funds to raise income for developlng thè
park.
Work lo establish a partnership to support the development plan8 for the Forest School programmg in the park.
Looklno bèyond these, we wlll
Find suitable people lo joln the Management Commillee
Expand the network ol partner organlsalions lo include schools, colleges, universities, residenllal bodles.
businesses, local hospitals, local churches, local councll and other or9anisalions.
Work with our partners to come up with an gxciling design concept for the park that will transform the
park'8 image and function locally and beyond. 11 is our dream that having had the park passed on lo us,
w& want to create 80melhing oulslanding of il that can be p8SS8d on lo lulure generallons.

BRIGHT PARK
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARGH 2024
Sel up a thriving Friends L>1 Brighl Park bocsy lo contribute lo Ihe developmenl ol the charily.
Apply lo the Heritage Lollery Fund for a large grant lo secure subslanlial grant income that will fund a slep
change in the park development programme.
Establish a Ihrfving, financially sustainable Foresl School in the park.
Develop olher activities iii the park lo Improve Ils overall financial suslain8bilily, one that conlfibules lo the
national and global drive lo look after the environmonl and leach others lo do so.
structurè, governaiicè and management
The chaiily formally known as The Knotty Ash Speclal School Trusl15260851 was Ifanslerred lo Bright Park on 28
September 2011 and registered wilh the Charity Commistsion Enoland and Wales uiider ihe power given in the
Ch8rilie8 Act 2011.
The Iruslees who $eNed during the year and up to the dale of sSgnalure of the financial slalernenls were..
Liverwol Llghlhouse LimS18d
The Iruslees, re]JDrt was approved by th& Board of Tw81e88.
Liveip()ol Lighthouse Limil&d
Trustee
Date..

BRIGHT PARK
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BRIGHT PARK
l Teport lo the Iruslees on my examlnalion ol the financi81 slalemanls of BTighl Park Ilhe charllyl for the year en(ied
31 March 2024.
Responslbllllles and ba51s of report
As the Iruslees of the charity you are re¥ionsible for the preparation of the financial slalemenl$ in accordance with
Ihe requlrements ol the Charities Act 2011 (the 2011 Acll.
I report in respect of my examin4lion of charity's financial slalements carrled out under section 145 of the 2011
Act. In carrying out my examination I hav8 followed 811 the applicable Direcllons glv&n by the Charlly Commisston
under 8eGlion 145151(bl of the 2011 Act.
Indepondent examln&r's statement
Your allenliDn is drawn lo the facl Ihat the charlly has prepared financial statements in acCOrda￿e wllh Aceounling
and Reporling by Charities preparing their ac¢ounls in accordance with Ihe Financial R8POrting Slandard appll¢able
In the UK and Republlc of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Ch8rilie8.' Slalemenl
of Recommended Pracllce issued on 1 April 2005 which Is referred lo In the exlanl regulations bul has now ￿en
wilhdrawn.
l understand that Ihis has been done in ord8r for financSal slolemenls lo provide a true and fair view in accordance
with GenerallyAccepled Accounting Pracllce effèctive foT reporting perlods beginning on or after 1 January 2015.
I have completed my examlnalion. I confirm that no matl¢rs have c(Im8 to my allenllon In connection wllh the
examin811on giving mè cause lo believe that in any material raspecl-
accounting records were not kept in respect of the charity as requlred by section 130 of Ihe 2011 Act,. or
the financial stalements do not accord wllh Iho8e records,. or
the financial slalemenls do not comply with the applicable reqLfiiemenls concerning the form and Conlonl ol
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that Ihe
accoun18 glve a IfU& and falr vlew which is not a maller consldered as part of an Indeperidenl examination.
I have no conc8rn$ and have come across no other mallers in connection wllh the examination lo whlch atlènlion
Should be drawn in this report in order10 8nabl8 a propèr understanding of thè financial slalemenls lo be reache¢J.
Champlon TLL Llmlted
P Buck FCA, DChA
7-9 Slalion Road
He8kelh Bank
Preston
Laneashirg
PR4 8SN
Dated,.
i¥

BRIGHT PARK
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Restrlctgd
funds
funds
2024
2024
Total Unrestrlcted R&strlcted
funds
funds
2023
2023
Total
2024
2023
Notes
Income and 8ndowments from:
Donations and legacAes
Charitable aclivilies
Other trading 8clivilies
Inveslm8nls
Other Income
24,775
4,618
66.139
90.854
4.616
30,805
57,119
87,924
177
9,638
177
9,638
9.451
665
9,451
605
Total Income
39.518
66.139
105,655
40,820
57.119
97.739
Expenditurè on:
Charitable aclivilles
44.308
76,820
121,126
26,680
64,598
91.278
Totsl expendlture
44,306
76.820
121.126
26,680
64,598
91,278
Net Incomelloxpendlturel and
movement In funds
{4,7901
(10,6811
(15,4711
13.940
17.4791
6,461
Reconclllatlon of funds:
Fund balances at 1 Aplll 2023
67,081
15,356
82,417
53.121
22.835
75,956
Fund balances at 31 March
2024
62,271
4,675
66,946
67,061
15,356
82,417
The slalemenl Df financial activities includes all galns and108ses recognised in the year. All Ir￿Me and expenditurg
derive from continuing aclivilies.

BRIGHT PARK
BALANCE SHEET
ASA T31 MARCH2024
2024
2023
Notes
Flxed assets
Tanglble assets
14
58,625
61,177
Current assets
Deblors
Cash k)1 bank and in hand
15
17,085
15,040
15,314
10,619
32,125
25,g33
Credltors: amounts falllng due wlthln
one y&ar
123,8041
14.8931
Nat current assets
8,321
21.240
Total a$sots le$s curreiit Ilabllltle8
66,946
82.417
Nel assets excludlng penslon Ilablllty
66,946
82.417
The fundy of the charlty
Restricted income funds
Unreslrided funds
17
4,675
62,271
15,356
67,061
66,946
82,417
The fln8n¢ial slalemenls woro approved by tho Liverpool Li9hthou8e board on .
/z
Llveipool LighlhousÉ Limitèd
Board Iru5te&

BRIGHT PARK
NOTES TO THE FINANCIAL STATEfiiENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcl&8
Charlty Informatlon
Brighl Park Is a unicorporaled charity.
1.1 Accountlng conventlon
The financial slalements have be8n prepared in ac¢ord8nce with Ihé charity's goveming document, Ihe
Charities Acl 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland. I'FRS 102.1 gnd the Charities SORP "Accounting and Reporting by Charities.. Statement ol
Recommended PraGllce applicable lo chgrilies preparing Iheir aC￿UnIS In accoTdance with the Financial
Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102)" leffeclive 1 January 2019). The
charity 15 a Public Benefil Enlily as d8fined by FRS 102.
The charlly has taken adVant￿e of the provisions in the SORP for charflle8 not to prepare a Slalemenl ol
Ca8h Flows.
The financial st8lemenls have departed from the Charilles (Accounts and Reports) Regulalions 2008 only to
the extent required lo provide a true and falr vlew. This departure has involved followlng th6 Slalemenl of
Reco>mmended Pracli¢o for ¢harilie5 applying FRS 102 rather than the version of the Slalement of
Recommended Praclico which is referred lo In the Regulallons but which has since been wilhdr8wri.
The financial slalemenls are prepared in sterling, which is the functional currency of the charity. Monetary
amoun18 In these flnanclal slalemenls are rounded lo the n?aresl £.
The financial slalemenls have been prepargd under the hlslorlcal cost convenllon, modified lo include the
revaluation of freehold propertiès 2nd lo include investment propertles and certaln financial instruments al fair
value. The principal a￿OUntIng policies adopted are sel out b610w.
1.2 Golng concern
Al the lime of approvlng tho financlal slalemenls, Ihe Iruslees have a reasonable expectation that Ihe chartly
has adequate resources lo Continue in operational existence for the foreseeable fulure. Thus the tri￿le&S
continue lo adopt the going concern basls of accounllng IN preparing the financial stalemenls.
q.3 Charltable funds
Unreslrlcled funds are available for use at the discretion of th& trustees In furtherance of Ihelr charitable
objectives.
Deslgnaled funds are free reserves that have been designated by the Iruslees for specific purposes. These
are further d18closed in the noles lo the accounts.
Restricted funds are Sublecl to 8peclflc condllions by donors or grantors as lo how they may b8 used. The
purposes and uses of the reslrlcled ftsnds ale sel out In the ngles lo the financial slalémenls.
Endowment ￿ndS are sublecl 10 8pecific conditions by donors that th8 ¢apilal musl be m3inlained by the
charity.
1.4 Income
Income is recognlsèd when the eharily is legally enlilled lo il after any p6rformance conditions have been mel,
the amounts can be measured reliably, and il is probable that incom8 will be received.
Cash donallons are recognlsed on receipt. Other donations are recogni8ed once the charlly has been notified
of the donallon, unless p8rf¢)miance condillons require deferral of Ihe amount. Income lax recoverable In
relation lo donations recelved uTrdèr Gift Aid or deeds of covenant is recogni$8d al the lime of the donation.
10-

BRIGHT PARK
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies
Icontlnuèdl
Legacios are recognised on receipt or otherwise If the charity has been notifièd of an impending dislribulion,
the amount is known, and receipt is expected. If the amount Is not known. Ihe legacy is treated as a
conlingenl asset.
1.5 Expendlture
Expendilure is recognised once Ihere Is a legal or constructive obligation lo transfer economlc benefit to a
third party, It Is probable that a transfer of e￿noMiC benefits will be rtsqulfftd In selll8m8nl. and the amount of
Iho obligallon can be measured reliably.
Expendlture Is classified by activity. The costs of each aclivily aro mad8 up of the lolal of dir*t cos18 and
shared costs, including 8UPPOrt costs involved in undertaking each aclivily. Dlrecl co819 allribulable lo a slngle
activity are allocated directly lo that aclivily. Shared costs which contribut8 to more than one activity and
support ¢osls which are not allribulable lo a single Bctivily 8r6 8pportiDn8d between those activities on a basis
consislenl with the u8e of resources. Central staff costs are allo¢aled on the basls of Ilme spent, and
depreclatlon charges are allocated on the portion of the asset's use.
1.6 Tanglble flxed assets
Tangiblo fixed assets are initially measured 81 cogt and subsequently measured at cosl or valualion. nel ol
dapre¢iation and any impalrmenl losses.
Depreciation is recognised so as to wrlle off the c081 or valuallon of assels less their residual values over Iheir
useful lives on the following b8se8'.
Freehold land and buildings
Leasehold improvements
Plant and equlpmenl
Fixlurgs and fillings
Computers
En16r depreclallon rale via StalDB- cd74
2Dh on cost
20% on reducing balance
20% stralghl line
Enter depreciation rale via StalDB- cd198
The gain or loss arising on the disposal of an asset Is determined as Ihe difference between the sale proceeds
and the carrying valu8 of the asset, and is recognised in the Statement of ftnanclal aclivS1ies.
1.7 Impalrment of flxed assets
At each reportlng end dale, the charity reviews the carrying 8moiJnls DI Ils langlble 888ets lo delermlna
whether Iheie is any indication Ihal IhDS8 assets h8vg suffered an impairment loss. If any such indlcallon
exist8, the recovérable amount of Ihe asset is eslimaled in order to delemiints the 8xlenl of the impairment
108s111 any).
1.8 Cash 8nd cash equ5valents
Cash and cash equivalents include cash in hand, deposits held al call wlth banks, other short-lemi liquid
inveslmenls with original malurilies of three months or less. and bank oveidraft8. 8ank overdrafts are shown
within borrowings In Gurrenl liabllilies.
1.9 Flnanclal Inslruments
The charity has eleeted 10 8pply the provlsions of Sectlon 11 'Basic Flnancial Instruments, and Section 12
'Olher Finarcial Inslrumenls Issues, of FRS 102 10 all of Ils financlal1nslruments.
Financial inslrumenls are recognised in th8 charity's balan￿ sheel when the charlly bècomes party lo Ihe
conlraclual provisions of the inslrumenl.
Financial a88els and Ilabililies are offset, wilh the nel amounts presented In Ihe finar￿la1 slalemenls. ￿en
Iheré18 a legally enforceable righl lo sel off the recognised amounts and there15 an Inl6nllDn 10 8etlle on a T)el
basls or to realise the asset and sellle the liabllily simultaneously.
11

BRIGHT PARK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
AGGountlng pollclos
Icontlnuedl
Baslc flnanclal assets
Basic financial 8s8e18, which include debtors and cash and bank balances, are initially measured at
transaction prlce Includlng Iransactlon costs and are subsequently carried al amortlsed cost using the effaclive
inloresl mglhod unless the arfangemenl conslilules a financlng transaction, where (he transaction 18
measured al the present value of the future receipts dlscoLrnled al a market rate of interest. Financial assets
dassified as recelvable wllhln on6 year are not amortised.
Basic fiTnancffal liabilitles
Basic financial Ilabllilies, includirtg cieditors and barik loans are inllially recognised al transaction prlce unless
the arrangement conslilules a financing IransacUon, where the debt instrument is measured al the present
value of the fulura payments disGounled al a markel rate of interest. Financial li8bililies classified 8s payable
wilhln onB year are not amorlised.
Debt Instruments ar8 subsequently carried al amortised cost, using the effective interest ral8 mglhod.
Trade creditors are obllgallons lo pay for good5 or services that have been acquired in the Drdinary Cours8 01
optsralions from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or 188s. If nol, they are presented ag ntsn-curfenl liabililies. Trade creditors are recogriised initially al
Iransactlon prlco and subsequently measured al amortlsed cost using the effecllv& interest m@Ihod.
Derecognition of financlal Ilabllltles
Financial Ilabllllles ale derecognised when the charity's conlraclual obligallons expire or ar8 discharged or
can¢èll&d.
1.10 Employeè benoflts
The Cost of any unused holiday enlillement Is réctrgnlsed in the period in which the employee's services ar
recelved.
Teminailon benefits are recognised immediately as an expense when the charity is demonstrably commilled
to lerminale the employmenl of an employee Dr to provide lermin8lion b8n@fvls.
Crltlcal accountlng gstlmates and Judgements
In the application of Iha charity's a¢counling policies, the Iiuslees ale required lo make ludg8menls, 8slimatgs
and assumptions atK)ul the carrying amount of assets and liabllllles Ihal are not readily apparent from olher
sourc&s. The eslimal8s and associated assumptions are based on historical &xperi&nce and olhgr factors that
are con8ldered lo be relèvant. Actual result8 may differ from these esllmales.
The estlm8les and underlylng as8umplions are reviewed on an ongolng basis. Revisions lo accounting
e81imalgs are recognised in the perlod It) which the esllmate is revised where the revision affects ￿lY that
period. or in the period of the revlslon and future perlods where Ihe revision affects both current and futur6
P8rlods.
72-

BRIGHT PARK
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Incomè from donatlons and IBgacles
Unrestrlcted Reslrlct&d
lunds
funds
2024
2024
Total Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Granls
715
24.OOLI
715
90,139
6,805
24,000
6,805
81,119
66.139
57,119
24,715
66,139
90,8S4
30,805
57.119
87,924
Grants recelvable for core actlvllltrs
Veolia
Community Environment
Fund
Tha Poslcode Lottery
Wesl Derby Wa81eland
Charily
The Lancaster
Foundation
The National Lollery
Aw8rds lorAII
Morrisons
Groundwork UK
Other
17,582
17,582
11,935
24,602
11,935
24,602
3,675
3.675
3,000
3,000
24,000
24,000
11,193
9.969
8,830
18,272
14,200
24,000
24,000
11,193
9,969
8,830
18,272
14,200
24,000
66,139
90,139
24.000
57,119
81,119
Incoma from charltable actlvltles
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Educatlon and recreatlon facllStès d8V8lopment
Sale ol goDds
Charilable rental Income
Olh8r In¢ome
3.269
695
652
4,616
13-

BRIGHT PARK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Incomo from other tradlng actlvltle5
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Fundraislng events
Shop Income
69
97
80
Other tradlng activities
177
Ihcomg from Investments
Unrestrlcted Unr6strlcted
funds
funds
2024
2023
Renlal income
Interest receivable
9.451
9,293
345
9,451
9,638
other Income
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Other income
665
14-

BRIGHT PARK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expendlture on charltable acllvllles
Educatlon
Educallon
and
and
recreatlon
rècreation
facllltes
facllltes
dovelopmèn dovelopmen
2024
2023
Dlrect costs
Staff costs
Deweclalion and Impalrmenl
Programme fees
Light and heal
Repalrs and renewals
Event costs
Travel costs
Office costs
Markellng costs
Volunteer expens68
Professional fees
77,976
8,857
10,253
2,346
8,637
1,780
59,651
8,152
2,293
402
9,095
1,686
926
1,096
109
6,448
522
3,692
183
4,646
118,428
90,408
Sharg of support and governance costs (see note 91
Govemance
2.700
870
121,726
91.278
Analys15 by fund
Unre81iicled funds
R8slricled funds
44,306
76,820
26,680
84,598
121.126
91,278
Support costs allocated to actlvltles
2024
2023
Govemance costs
2,700
870
Analysed botween:
Edijcalion and recreation facillles dovelopmenl
2,700
870
15-

BRIGHT PARK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Net movemont In funds
2024
2023
The nel mov6menl In funds is slated after charglngllcredlllngl..
Depreciation of owned lengible fixed assets
8,856
8,151
11 Trustges
Non8 of the tiuslees lor any persons conn6cled wllh them) recelved any remuneration or b6nollts from the
charily during the year.
12 Employ88s
The average monlhly number of 8mployeg8 during the year was..
2024
Numbèr
2023
Number
Employment costs
2024
2023
Wages and salarie8
77,978
59,651
There were no èmployees whose annual remunerallon was more than £60,000.
13 Taxatlon
The charity is exen7pI from laxalion on ils aclivlltes because all Ils income is applled for charllable purposes.

BRIGHT PARK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Tanglbl& flx8d assets
Fr68hold laNI
and bulldings
Plant and Flxtures and
equlpment
fI￿Ing$
Computers
Total
Cost
At 1 April 2023
A(klilions
39,068
1,998
13,778
2,238
22.049
2,070
4,963
79,858
6,306
Al 31 March 2024
41,066
16,D16
24,119
4.963
88.164
Depreclatlon and Impalrmènt
Al 1 April 2023
Deprecialiori charged in the year
3,965
813
9,392
2,246
4,799
4,804
527
993
18,683
8,856
At 31 March 2024
4,778
11,638
9,603
1,520
27,539
Carrylnp amount
Al 31 March 2024
36,288
4,378
14,516
3,443
58,625
Al 31 March 2023
4,387
17,250
4,436
61,177
15 Debtors
2024
2023
Amounts falllng due wlthln one year:
Trade debtors
Amounts owed by fellow group undertaklngs
2,565
14.520
794
14,520
17,085
15,314
16 credltors: amount8 falllng due wlthln one ytr&r
2024
2023
Trade creditors
Amounts owed lo fellow group U￿￿ertakIngS
Accruals and deleried Income
20,022
1,382
2.400
2,642
1,391
660
23.804
4,693
17-

BRIGHT PARK
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
17 Rèstrlcted funds
The reslricled funds of the ¢harW comprlse the unexpended balances of donations and grants held on trust
subl8cI to speclfic ¢ondilions by donors as lo how they may be used.
At q Aprll
2023
Incomlng Resources At 31 March
rosourcos
expended
2024
15,356
115,356)
111,193}
14,500}
11,9501
National Ltsllery
Eleanor Ralhbone Charllable Trust
Liverpool City Couwil
HembyTrust
Nalic>nal Lollery. Forest School
Morlisons Foundation
New lo Nature
PH Holl
Rainford Trust
The Woodward Trust
Wesl Derby Capital
11,193
4,500
1,950
1,000
9,969
8,830
18,272
5,000
1.000
750
3.675
1,000
19,969}
18,830)
(18,272)
15,0001
14,0001
17501
3.675
15,356
66.139
176,8201
4,875
Prevlous year..
At l April
2022
Incomlng
resources
Resources At 31 March
xpended
2023
22,835
57.119
(64,5981
15,356
18 Unrestrl¢tod funds
The unreslilcted funds of the chaiily comprise the unexpended balances of donations and grants which are
not subjecl to specific condillons by dtsnor8 and grantors as to how Ihey may be used. These include
de8lgna16d funds whlch have been sel a8lde out of unreslricled funds by the trustees for specifvc purposes.
At 1 Aprll
2023
Incomlng Resources At 31 March
resources
expended
2024
General funds
67,061
39,516
144.306)
62.271
Prevlous year:
At1 Aprll
2022
Incomlng
resourcos
Resources At 31 March
exponded
2023
Ggneral funds
53.121
40,620
126.680)
67,061
18-

BRIGHT PARK
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Analysls of net a$set8 betwe&n funds
Unregtrlcted
fundy
2024
Restrlcted
funds
2024
Total
2024
At 31 March 2024..
Tangible assets
Current ass8lsllliabililiesl
58,625
3,646
58,625
8,321
4,675
62,271
4,675
66,946
Unrgslrlcted
funds
2023
Restrlcted
funds
2023
Total
2023
At 31 March 2023..
Tangible assBIs
Curienl asselsllliabilili@s)
61,177
5,884
81.177
21.240
15,356
67,061
15,358
82,417
20 Relatèd party transactlons
Love and Joy Mlnlslrles Ltd (Company No.05283980, Charlly No.11070291 also have two Iru8tees in common
with Liverpool Li9hlhou8e Limited. Al the year end Love and Joy Ministries owed £NIL lo Bright Park 12023..
£NILI, bul were owed £21,254 from 8righl Park12023: £1,391).
Liverpool Lighlhou8e Is the sole trustee of the charily at the year end an amount of £14.52012023.'£14,5201
was owed from Llverpotsl Lighlhouse and £NIL was owed lo Liverpool Llghlhouse12023-. £NILI
Land and building malnlained by Bright Park Char¢ly are held in trust by Liverpool Lighlhouse Llmiled. No
value has y61 been pla￿d on these assets which have been donated at £Nil cosl lo the Charity, The a8sets
would have a 81gnificanl market value il a valuallon were carrled out
21 Golng Concern
The Charlly currenlty has net curr&nl assets however the performance Ihis year has generated a deficit whl¢h
has reduced the reserve levels 8g3in81 largel las noted in the Trustees roportl. The Trustees have produced
foTecasl8 for the n8xl 2 years which show 8urpluse8 are expected in both years. A8 a result the accounts afe
prepared on a Going Con￿rn basls.