BRIGHT PARK ANNLIALREPORT AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charity registration number 526085
BRIGHT PARK CONTENTS Page Trustees, report Independent examiner's report Slalement of financial activities 10 Balance sheet Notes to Ihe financial slalemenls 12-21
BRIGHT PARK LEGAL AND ADMINISTRATIVE INFORMATION Truste8S Liverpool Lighthouse Limited Charity number (England and Wales) 526085 Independent examiner P Buck FCA, DChA champion TLL Limiled 7-9 Slalion Road Pieslon Lancashire PR4 6SN
BRIGHT PARK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRIGHT PARK l port to the trustees on my examination of the financial slalemenls of 81ighl Park {Ihe charity) for Ihe year ended 31 March 2025. Rosponslbllltles and basis of report As the Irustees of Ihe charily you are responsible for the preparation of the finan¢lal statements in accordance with the reouiremenls of the Charities Act 2011. I report in lospecl of my exarninalion of the charity's financial slatemenls carried out under section 145 of thè Charitias Act 2011. In ¢8Trying out my examination I have followed the Directions given by Ihe Charity Commission under seclion 145{5llbl of the Charities Act 2011. Independent examinerfs statsment- matter of concern identified I have completed my examination. I have identified a matter of ¢on¢em. Wilhtsul qualifying my report. I draw allenlion lo the disclosures in the Trustees, report and note 21 to the financial statements concerning the Charily's financial position. As sel out therein, the Charity incurred a deficit lor the year ended 31 March 2025 and al Ihe balance sheet dale had limited unrestricted cash resources. as well as nel cuirenl liabi1ilies. The Iruslees have prepared the financial slalemenls on a going concern basis on the grounds that the Charity expects to generate sufficient income to meet ils obligations as they fall due. My opinion is not modified in respect of this maller. I confirm that apart from the maller of concern sel out above, no matlers have come lo my atlenlion in conne¢tion with Ihe examination giving me cause lo believe that in any malÈri81 respect.. accovnling records were not kept in iespecl of the charily as required by section 130 of the Charities Act 2011. the finanaal slatemenls do not accord with those records., 3 the financial slaternenls do not comply with the applicable requirements concerning the form and content of rinancial slalemènts set out in the Chaiilies IA¢eounls and Reports) Regulations 2008 olhei than any requirement that Ihe financial slalemenls give a true and fair view, which is not a maller considered as part of an independent examination. I confirm that there 8f@ no other mallers in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the fin8nci8l slalements lo be reached. Champlon TLL Limited P Buck FCA. DChA 7-9 Slalion Road Heskelh Ballk Preston Lancashire PR4 6SN Dale.. If- l). Qoll,
BRIGHT PARK TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees presenl their annual report and financial stalemenls for the year ended 31 March 2025. The financial statements have been prepared in accordan with the accounling policies sel out In note 1 to the financial statements and comply with the charity's governing document, the Chaiilies Act 2011 and "Accounting and Reporting by Charities.. Slalement ol Recommended Practice applicable lo chaiilies preparing their 8ccounts in accordance with the Financial Reporting Sl8ndard applicable in the UK and Republic ol Ireland {FRS 102)" (effective 1 January 20191. Objectives and activities Charity Objects The provision of ilems, services and facilities for any schools for children with special edu¢alion81 needs in Ihe area tsf benefrt. The promolion of the education of persons who are in need of financial assistance who are allending, or who have al any lime allended a school for children with special educational needs in the area of benefit. To advan¢e the education of persons resident in the area of benefit, particularly those who have speLaal educalional needs, in the subjects of arts. heritage, culture and the environment. To provide or assist in the provision ol fxcililies in the interests of social welfare for recreation or other leisure lime occupation of persons resident in the area of benefit who have need ol such facilities by reason ol their youth, age, inlirmily or disabilily. financial haidship or social ¢ircumstances with the object of improving their conditions Aim and oblectlves Building on ils heritage as a previous mansion home renowned for its beautiful gardens, abandoned Sin 1998, the main building burned down and landscape fallen into serious disrepair, the trust aims lo Restore the Park lo ils former beauty. improve the habilal and biodNersily. 2. Provide facililies for recreation and leisure for communilies to enjoy and improve their wellbeing. èspeeially those with special educational needs. 3. Develop programmes on the Park that educate children and young people lo lotsk after environment. 4. Organise and host events and activities for residents and others in arts, heritage and culture for their enjoyment and education. 5. Work lo raisè funding essential for sustaining the Park. Public b&n&fit The Trustees have collsidered the Charity Commission guidance regarding publi¢ benefit and 8r8 conlenl that Ihe Chaiily has mel the requirements as described above.
BRIGHT PARK TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance Charitable activities The pèriod from April 2024 to March 2025 has been one of significant growth, community engagement and environmonlal development 31 Bright Paik. Imlh expanding parinerships, slrenglhened volunteer conlribulions and a diverse calendar of even15 and programmes, the paik has continued lo establish itself as a vibrant, indusive and sustainable cotnrnunily space. This report surnrllaiises the key achievements, activities and developments across the year. Headline achlevements During the year, we Incréased communily participation across events, wellbeing actiwlies and family programmes, wilh over 2,000+ visitors across major events. Strengthened volunteer capacily, growing the team Irom 10 10 26 volunteers. plus additional casual volunteers. with 14 people completing environmental courses and 6 progressing lo Level 2 horticulture. Sionilicant biodiversity enhancements through 5 new habitats. including an apiary, pond and wildlife slruclures. Improved infraslruclure supporting accessibilily, storage and all-weather delivery, in¢ludlng inslallalion of a new climbing frame and upgraded phone line and Wi-Fi connectivity. Expanded partnerships enabling wider programme reach and spB¢i8lisl support, with 6 new partners and 10 strengthened ongoing partnerships. £23,325 01 rÈslri¢led in¢ome was raised through grant applications lo trusts and foundations. Ongoing unreslricled income of £24,000 came from The Lancaster Foundation via its donation through Love & Jo)y Ministries Ltd. ACTIVITIES DURING 2024-25 1. Bringing our Communities into the Park Bright Park delivered ils busiest year to date, significantly expanding ils rea¢h and impact by providing meaningful activities for children, families, young people. 01der residents, dog owners. volunteers, local schools and the wider ¢ommunily. By extellding the park opening hours from 36hislweek lo 40hislweek, il provided opportunities for more visitors to walk into the park seven days a week, lolaling more than a loolfall of 3.500 park visitors over the 12 months. Added lo this, we hosled 10 events for the benefit of families, dog walkers, financially disadvantaged groups in Ihe communilies, and some to benelil everyone. These events strengthened communily èngagèment and social cohesion ol groups from different Liverpool and Knowsley wards thal we largeled. Major Events (April 2024- March 20251 The busy event calendar hosted 10 events that welcomed 2,200 petrple into Ihe park, slienglhening relationships with the cornrnunily and partners, and also supporting our ongoing fundiaising efforts. They included Easter Extravaganza.. Attracted 320 visitors and was organised in partnership wilh a communlly chufch, featuring donkey rides, crafts. puppet shows. storytelling and famiSy aclivilies. Cllmbing Frame Launch.. Attended by 30 children from Knotty Ash Primary S¢hool, two local councillors, our board members, represenlalives of partner organi$81ions, community members and volunteers. Two Dog Show events thal had a combined 610 visitors wilh their dogs. some partieipaling and others came lo waloh wlh their owners. The events included cotnpelilions and Ireals lor dogs. Service Provider Open Day.. Hosted 100 visitors and 10 service providers, enabling local agencies to engage with families and residenls. Two Bright Park Open Day5 which allracted 110 visitors and fjo potential pariners. showcasing progr8mmes. volunteering opporlunilies and environmental work. A Bonfire Nlght Flreworks event at(ended by 530 people, Ihe second event we hav& held partnering with Knotly Ash Primary School. Christmas Winter Wondèrland.. organised in partnership wth Beautiful New Beginnings alliaded 350 people of all ages, a major festive celebration.
BRIGHT PARK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 2. Wèllbelng & Community Programme Bright Park expanded ils wellbeing offer, supporting menlal health, physical aclivily, lileiacy and fatnily connection. These activities helped increase cornmunily Gohesion and improve wellbeing outcomes for families. Programmes this year included.. Singing TogelhÈr sessions Wellbeing Walks Energy Management Workshops Iwilh National EnergyAclion) Women's Netball IEngland Netball) Books and Babies strssions (The Reader) Squirrel Hour Picnic & Play family sessions Forest School Summer Holiday Club 3. Volunteers, Students & Work Plac&ments Frlends of Bright Park The Friends team played a crucial role in delivering programmes, maintaining the landscape and supporting 8vÉnls. Volunleer engagement and wmmilment grew steadily. with more members choosing lo specialise in aieas Ihal malched their inleiesls, such as landscape work, habilal creation and fundiaising, slienglhening the park's capacity and community ownership. Through thè year. the Friends team were also actively raising funds for the park, running labletop sales and other fundraising activities. rralnlng &Achievements The first cohort of volunteers, staff and community members compleled Level 1 RHS Practical Horticultural Skills. with all progressing lo Level 2 and a second Level 1 cohort beginning. The Friends of Bright Park received another Britain in Bloom, Il's Your Neighbourhood Award. which was upgraded lo Level 5 Ioulstandingl award. Staff members completed a range of training, induding First d, Health & Safety, Manual Handling and Designated Safeguarding Lead Iiaining. 2 staff members also undertook a six-monlh beekeeping progiamrne giftéd and dèlivèrèd by the Ormskirk Bee Association. One member of staff is currently undertaking a Level 3 Management qualilicalion, ftJlSy supported by £5.000 of gove¥ntnenl funding. Student & Community Placements We had 25 placernenls in the park this year. 20 Nnyerscough College students enhanced the ¢omposl bay area in the park. 4 LiveTpooI University studènts on placement supported landsoape environmental work. l New lo Nature trainee completed a year-long placement focused on event organisalion and community engagement.
BRIGHT PARK TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 4. BiodlvÈr$ity & Compostlng Prolects These programmes funded by grants from Moriisons Foundglion, and PH Holl Foundation deepened community awareness of biodiversity and environmental stewardship, enabled the introduction of new sessions on biodiversily and suslainabilily. and contributed lo noli¢88bltr incre8s&s in wildlife activity across the park. Habitat Creation A flagship biodiversity programme involved creating 5 new habilals. New pond, a home for pond living species (Frog, Toad. Beetle. Pond Olive mayfly, Blue-lailed Damsellty, Great Crested Newt and others) Apiary creation with multiple beehives to allfact and house bees 8ug hotels for solitary bees, ladybugs, lacewings, beetles, and tnany othei insects Bird boxes and hedgehog homes These programmes provided valuable education for bÈnelici8riès of volunteèrs and friends, providing them with hands-on environmental learning sessions. Sustalnablllty & Composting New communily compost bays installed Composting and sustainabilily workshops delivered, partneiing wrth Compost Works Conlinued focus on reusing materials and developing eco-friendly processes Increased educalional emphasis through Foresl School and horiiculture training 5. Infrastru¢ture & Capital Improvement8 This year saw improvements to the park's facilities acquired, thanks lo grants from generous funders and indNiduals. New Installations Large marquee funded by the Hemby Trust Climbing frame installed and launched Idonaled by Pentagon Playl New tables and ¢hairs funded by Asda Foundation Awning, se81ing area and ¢abin funded by West Derby Wastelands New community book¢8sè donated by Grow Speke 6. Partnerships Impact of Partnership Development Bright Park signilicanlly strengthened and expanded ils partnerships this year, directly enhallcing the qualily, reach and impact of our communily, wellbeing and environmental programmes. New partnerships brought specialist expertise, innovative activities and increased ¢apa¢ily, while established partners deepened Ihtrir illvoEvernenl, enabling more consislenl delivery and broader community benefits. Our new partners include Compost Works. Beaulilul New Beginnings. England Netball . Ormskirk Beekeepers Association • National Energy Action, and The Reader. We contlnue to strengthen ongoing partnerships .Love & Joy Ministries Ltd, Furends Dog Services, *1913 knolly ash squadron air de1$, .Myers¢ough College. Liverpool University. Grow Speke, Knotty Ash Piim8ry School, Loc81 Councillors. Through these combined parlnerships, Bright Paik delivered a wider lange of programrnes. reached more residents. irnproved environmental oul¢omes and crealed stronger pathways for 5earning. volunteering and community ¢onneclion.
BRIGHT PARK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 7. Fundraising The 2024-2025 period rnaiked a positive year for communily-led fundraising and the development of sustainable incotne slreams. Inclusive Swing Campaign.. Campaign launched to raise £5,000 for an inclusive swing, achieved with 8 £1,000 grant from a local councilor, sm811 fundraising events, donations from local oiganisalions, and conliibulions from the park community. Park Hire Launched.. We started hiring oul Ihe park lo other organisalions or priv810 use. Communily-Led and Volunteer FL)ndraising Activities-. Don81ions, lable-lop sales and other community inilialives continued to generate valuable svpport for the park. Over £3000 was raised through community events, relreshmenl sales. donations, lable-top sales, park hire and small fundraising activities These conlribLJlions directly support the park's ongoing development and enhance our ability to deliver accessible, year-round services foT thè ¢ommunity. 8. Funding Ovèrvlew The 2024-2025 year markèd a deerease in lolal income as thei& was no major capital works cairied out in the park. We received grants from the followlng funders.. Thè Lancaster Foundalion (Major Donor), * Pilkinglon Charities Fund, Comtnunily Environmental Fund, • LCC Energy Grant. • LCVS, Groundwork UK, Love and Joy Minislries, Morrisons Foundation. Tha grants. many of them reBtricted, supported these projects we delivered: Little Live5 Matlfrr- Habilal Creation across Ihe park, including educational workshops and events. 5+ new habilals created (apiary, pond, bug hotels, biid boxes, compost areas). 100+ direct participanlsl beneficiaiies, Increased biodiversity acro88 the park, 20 volunteers and slafl gained increased e¢ological and practical skills Sensory Story Times- Eslablishmenl ol Foresl School Programme cenlred around lilÈracy engagement. 100+ bèneficiaries. 22 sessions delivered, 3 groups across 2 schools, 2 farnily events involving parents and children. IOOVO of ¢hlldren improved engagement in lileraey activities, 75.kn of children gained hands-on skills (fire li9hling, den building, el¢.1, 800/0 of children developed soll skills Iself-esteem, confidence, risk-lakingl Many Hands Make Lighter work- Volunteer developtnenl and ¢apacily-building. Volunteers involved increased from 1010 26, 3 groups ol casual volunteers added Islud$nls, businesses). 5+ habitals created, 14 people completed training, 6 volvnleers progressed lo Level 2 RHS Horticulluie Training, InerèasÈd biodiversity, Higher communily engagement, new volunteer leadership roles were developed. Park Communlty (Phase 11- Inlioduction and development of new wellbeing progiammes Volunteers involved increased from fjo 10 26, 3 groups of casual volunteers added Isludents, businesses), 5+ habilals created, 14 people completed training, 6 volunteers progressed lo Level 2 RHS Horticulture Training, Increasod biodiversity, High&r community engagement, new volunteer leadership roles were developed. Brighter Day- Comrnunily engagemenl slrenglhening proje¢l. Reports ol oulpuls and outcomes to be reported in 2025-2026. Park Community (Phase 21- Conlinualion and expansion of wellbeing piogramme8 RertS of outputs and outcomes lo be reporled in 2025-2026. Funding Impact Summary Expanded environmental, wellbeing and family pro9rammes • Improved infraslruclure, ac¢essibilily and site usability Slrenglhened volunteer training. skills and capacity * Inereased community, educational and environmenlal engagernenl Established a strong platform for growth in 2022026
BRIGHT PARK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 9. Soclal Medla Presence and Marketing Strategy Our social media channels Continued to grow. providing an effective platform for promoting progratnmes, evtsnls and community opportunities. Regular conlenl, f&aluring project updates. volunleer slories and environmental inilialives. helped increase engagement and widen our reach across the local area. Over the reporting period, content inleiactions in¢reased by 305.4°/. page visits rose by 315.90/0, and follower numbers grew by 0.7Q/o, demonstraling a substantial rise in audience engagÈmenl and visibility. Targeted posts, collaborative shaiing with partner organi5alions and increased consislenl branding supporied a clearer marketing slialegy, ensuring that information about activities and opportunities was accessible. timely and visible lo the wider communily. 10. The YearAhèad 2024-2025 has been a Iransformalive year for Bright Park. With slrenglhened partnerships. increased volunleei capacity and record levels of community engagèmènt, the park has continued to evolve into a thriving, indusive and environmentally rich 5P8ce. Signilieanl growth in participation. new habilals. expanded piogiarnmes and itllproved inlrastruclure have deepened our impact across all age groups. The year ahead promises continued developmenl. greater aecessibility and further expallsion of comtnunily-led opportunities with Ihe main goal being to produce a Bright Park Development Plan12026-20301. We expect to hear back from a submission we made to Liverpool Cily Council lo lake over the runnino of a property asset noar Bright Park in Knotty Ash. The outcome of this will dramatically result in a slep-change growth of the organisalion, providing us with indoor sheltered fa¢ililies that we currell15y don't have in the park. Management Team The chair and another Iruslee have represented Bright Park on the board of Liverpool Lighthouse over thi5 peTlOd. The board continues lo look for compelenl and appropriate people lo brino on lo the Management Committee that will guide the development ol the Park. Financial review 11 is the policy of the ¢h8rily that unrestricted funds which have not been design8led for a spe¢ifi¢ use should be maintained al a level equival&nl lo between three and six month's expenditure. The Iruslees consider that reserves al this level will ensure that, in the event of a signilicanl drop in funding, they will be able lo continue Ihe charity's current activities while consideration is given lo ways in which additional funds may be raised. Thi5 level ol reserves has been maintained Ihroughoul Ihe year. R¥sèrv6s pollcy Al the year end the Charity held general funds of £54,704 which is m8inty for fultjre development, given the low Sevel of oveiheads. Once the Park development work starts, these resetves will soon be expended and the Trustees are seeking new funding lor the development and ongoing m8inlÉnan¢e of this proje¢l, some ol which has alrea(Sy been secured. as noted above. At presenl the reserves held are represènted by Fmed Assets. Cash reserves al the year-end weie £2,700. The reserves policy will be revised in future lo tske account Df day-to-day running costs once Ihe main development is compleled. Results for th• year The resuSls lor the year are summarised on the Statement of Financial Aclivilies. The Charity made a deficit in the year of £12.242. Investment policy and objectivès The Trustees expect Ihe cash resources lo be required at short-not1 and are not in a position lo 'lie-up' monies in exlornal invèstments al present. Interest rates av8i18ble on short term deposit are minimal al present, however Ihe Trustees wi11 continue lo monitor cash levels and any opporlunilies lo earn a return on these monies through safe I flexible inveslmenls.
BRIGHT PARK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Rlsk management The Trustees have carried out a risk review for the initi85 dèvèlopment and ongoino activilies ol Ihe Charity and continually monitor these risks. their potential impacl. and ways ol miligaling such risks. Plans for future periods Plans for the park include those immediately commilled lo from fundings received, and other plans we are looking lo carry out in Ihe next 12 months. In th& next 12 month5 Over the next 12 months. we will work lo Double the number of Friends of Bright Park from 15 10 30 people Expand the Management Committee 1È8m to at least 5 people Estsblish a partnership to support the development plans forthe Foresl School programme in the park. Gel the Management Committee lo work wlh 811 major stakeholders lo write a Bright Park Developmental Plan.{2026-20301 Continue to bring large quality events lo Bright Park including those foT which we can charge for allendance, another strategy to raise income. Establish a small drinks and snacks 8nd sealing area Calé in the park. Establish more health and wellbeing programmes in the park. Gel funding to create a sports court foi netball, football. tennis el Begin the process needed to submit a grant applicallon lo the Heritage Loltery Fund. Appty to several Trusts & Foundations, Local and National Goveinmenl funds lo raise in¢ome for developing the park. Looking beyond thes&, we wll Work with our partners lo ¢ome up with an exciting design concept lor the park that will transform the park's image and function locally and beyond. It is our dream that having had the park passed on lo us, we want lo cieale something outstanding of il that can be passed on lo futu generations. Sel up a thriving Friends ol Bright Park body lo contribute to the development of the charity. Apply lo the Heritage Lollery Ftjnd for a large grant to secure substantial granl income thal will fund a slep change in the park developmenl programme. Establish a thriving, financially sustainablè Forest School in the park. Develop other activities in the park to improve ils overall financi81 susl8inabilily, onè that contributes to the national and global drive lo look after the environment and leach others lo do so. Sel up a thriving Friends of Bright Park body lo oontribute to the development ol Ihe charity. Apply to the Herilage Lollery Fund for a large grant lo secure subslanlial grant income that wlll fund a slep change in the park development programme. Establish a thriving, financially sustainable Foresl School in the park. Develop other a¢tivilies in the park lo improve ils overall financial stjstainability. one that conliibules lo the nalional and global drive lo look after the environment and leach others lo do so. Structure, governance and management The charity formally known as The Knolly Ash Special School Trusl15260851 was Iransfeired lo Bright Park on 28 September 2011 and registered with the Charity Commission lor England alld Wales under the power given in Ihe Charitie5 Act 2011.
BRIGHT PARK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 fviARCH 2025 Th8 trustees who seNed during the year and up to the dale ol signature of the financia5 slalements weTe- Liverpool Lighthouse Limited The Iruslees, report was approved by the Board of Trustees. Liveipool Lighthouse Limited Trustèe Dale.. ..19 December 2025.............
BRIGHT PARK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Rèstrlcted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activities Other trading aciivilitss Investments Other income 55.016 4.319 212 8,664 23.325 78,341 4,319 212 8,684 24,715 3,921 69 10,146 66,139 90,854 3,921 69 10.146 Total Incom& 68,211 23,325 91.536 39,516 66.139 105.655 Expenditure on: Charitable aclwilies 75,778 28,000 103,778 44,3L 76,820 121,126 Total expenfliturè 75.778 28,000 103,778 44.306 76.820 121,126 Netexpenditure and movement in funds 17,5671 14.875} {12.2421 14.7901 110,6811 {15,4711 Reconciliation of funds.. Fund balances at 1 April 2024 62.271 4.675 66.946 67,061 15.356 82,417 Fund balances at 31 M#reh 2025 54,704 54.704 62.271 4,675 66,946 The slalemenl ol financial activities includes all gains and105se8 iecognised in the year. All in¢ome and expenditur& deriv& from continuing aclivilies. 10-
BRIGHT PARK BALANCE SHEET AS A T31 IVIARCH 2025 2025 2024 Notes Fixed assets Tangibleassels 14 59.736 58,625 Current assets Debtors Cash al bank and in hatKI 15 15.723 2,700 17,085 15,040 18.423 32,125 Creditors.. amounts falling due within one y6ar 16 {23,4551 {23,8041 Net current Iliabilitiesllassets 15,0321 8.321 Total assets less curront liabtlitie$ 54,704 66.946 The funds of the charity Restricted income funds Unreslricled funds 17 18 4.675 62,271 54,704 54,704 66.946 The financial slalemen15 were approved by the Iruslees on.19" December 2025 Liverpool Lighthouse Limited Trustee
BRIGHT PARK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IWARCH 2025 Aecountlng policies Charlty Information Bright Park is a unicoiporaled ¢harity. 1.1 Basis of prèparatlon The financial slalemenls have been prepared in accordance with the eharily's governing document, the Charities Act 2011, FRS 102 'The Financial Reporling Standard applicable in Ihe UK and Republic ol Ireland" I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable lo charities preparing Iheii accounts in 8¢cordance with the Financial Reporiing Standard applicable in the UK and Republic of Ireland IFRS 102)" leffeclive 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. The charity has laken advantage of the provisions in the SORP lor charities not lo prepare a Statement of Cash Flows. The financial slalemenls have departed from Ihe Charities (Accounts and Reportsl Regulations 2008 only to the exlenl required lo provide a true and fair view. This departure h8s involved following the Slalemenl of Recotnmended Practi for charities applying FRS 102 ralhei than the version of the Slalemenl of Recommendéd practi which is referred lo in the Regulation8 bul which has since been wilhdiawn. The financial statements ale piep8red in sterling, which is Ihe functional currency ol the charity. Monetary amounts in Ihese financial slalemenls ar& rounded to the nearest £. The finan¢ial slalemenls have been prepared under the hisloiical cost c(>nvenlion, modified lo include the ievaluali(>n of freehold properties and lo include investment pioperties and certain financial instruments 81 fair value. The piincip81 occounting policAes adopted are sel out below. 1.2 Going ¢oneèrn Al the lime of approving Ihe financial slalemenls, the Iruslees h8ve a reasonable expe¢t81ion that the ¢harily has adequate resources lo conlinue in operational exislen¢e for the foreseeablè fulure. Thus the trusleos continue lo adopt the going con¢ern basis ol accounting in preparing the financial slalemenls. 1.3 Charitable funds Unreslricled funds are available for use al the discretion of the Iruslees in furtherancg of Ihtslr ¢harilable objectives. Oesignaled funds are freè reserves that have been designated by the Iruslees for specific purposes. These are further disclosed in the notes lo Ihe accounts. Reslricled funds are subject lo spe¢ifi¢ conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslrieted funds are sel out in the notes lo the financial slalemenls. Endowment funds are subj&¢t lo specific condilions by donors that the capital musl be rnainlained by the charity. 1.4 Income Income is Tecognlsed when the charily is legally enlilled lo il after any perforrnance eondilions have been mel, the amounts can be rneasuied reliably, and it is probable that income will be received. Cash donations are récognised on receipt. Olher donations are recognised once thè eharily ha5 been notified of the donation. unless performance conditions require deferral ollhe amount. Incorne lax recoverable ill ielalion lo donations received under Gift Aid or deeds ol eovenanl is recognised at Ihe lime of the donalion. 12
BRIGHT PARK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Continued) Lega¢ies are recognised on receipt or olherwise if the charity has been notified Df an impending dislribulion, the amount is known. and receipt is expected. If the amount is not known, the legacy is Irealed as a conlingenl asset. 1.5 Expendlture Expenditure 18 recognised once there is a legal or constructive obligation to Ir8n8fer econornic benefit lo a third party. il is probable that a transfer of economic benefits will be Tequired in selllemenl, and the amount of (he obligation can be measured reliably. Expendiluie is classified by activity. The costs of each activity are made up of the lolal of dIrt costs and shared costs. including support costs involved in undertaking each aclivily. Direct costs allribulable to a single aclivily ale allocated directly lo that aclivily. Shared costs which contribute lo more than one aclivily and support costs which are not allribulable lo a single activity are apportioned belween those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tanglble flxed assets Tangib5e fixed assets are inilia15y measured al cost and subsequenlty measured at cost or valuallon, nel of depreciation and any impairment losses. Deprecialion Is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Plant and equipment Fixlures and fittings Computers 2% on cost 20Vv on reducing balance 20Vo slraighl line 20% on reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial aclivilies. 1.7 Impalrment of flxed assets Al each reporting end dale, the charity reviews the carrying amounts of ils tangible assets lo determine whether IheTe is any indication Ihal those assets havo suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is eslimaled in order lo (ietermine the exlenl of the impairment loss {if any}. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original malurilies of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Inslrumènls. and Sedion 12 'Olher Financial Inslrumenls Issues. of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the conlraclual provisions of the inslrumenl. Financial assets and liabilities are offset. with the nel amounts presented in the financial slatemenls. when Ihere is a legally enforceable right lo sel off the iecognised amounts and there is an inlènlion lo sellle on a net basis or lo realise the asset and settle the liabilily simultaneously. 13-
BRIGHT PARK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 IWARCH 2025 Accounting poli¢ie$ (Continued) Basic financialassels Basi¢ financial assets. which include debtors and cash and bank balances. are initially measured al transaction piice including Iransaclion costs and are subsequently carried al amortised cost using the effective interest method unless the airangemenl conslilutes a financing transaction, where the transaction 15 measured at the piesenl value of the future receipts discounled al a market rate of interest. Financial assets classified as reIvable within one year are not amortised. Baslc flnanelal Ilabilities Basic financial liabilities, including creditors and bank108ns afo initially ieoognised al transaction price unlèss the arrangement constitutes a financing transaction, where the debt instrument is measured al thè present value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable wilhin one year are not amortised. Débt instruments are subsequenlly carried al amortised cost. using the elfeetive inler&sl rale melh(Kl. Trade crediloTS are obligations lo pay for goods or services that have been acquired in the or(Sinary course of opeialions from supplieis. Amounts payable are classified as current liabilities if payment is due within one year or less. 11 not. they are presented as non-current liabilities. Trade creditors are iecognised initially at Iransaelion Price and subsequenlw measured at amortised cost using the efleclive interest method. Derecognltlon of flnanclalllablllfles Financial liabililies are derecognised when the ¢harily's conlr8Ctual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cosl ol any unused holiday entillemenl is recognised in the peTiod in which the employee's services are reived. Tormlnalion benefi15 are recognised immedialety as an expense when the charily is dèmonstrably commilled lo leirninale the employment of an employee or lo provide lermination benefits. Crltlcal accountlng estlmates and ludgemgnts In Ihe application of the charity's accounling policies, the Iruslees are required lo mak& ludgemenls. eslirnales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on hislorical experience and olhei laclors that are considered lo be relevant. Actual results may differ from Ihese eslirnales. The eslirnales and underlying assumptions are reviewed on an ongoing b8sis. Revisions lo accounting eslirnales are recognised in the period in which the eslimale is revised where the revision affects only that period, or in the period ol the revision and future periods where the revision affeols both current and future periods. 14-
BRIGHT PARK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Incomè from donations and legacies Unrestricted Rèstrlcted funds funds 2025 2025 Total Unrestricted Restllcted funds funds 2024 2024 Total 2025 2024 Donations and gifts Grants 31,016 24,000 31.016 47.325 715 24,(KJO 715 90,139 23,325 66,139 55,016 23,325 78,341 24,715 66,139 90,854 Grdnts Pilkinglon Liverpool City Council Gomtnunily Enmronment Fund Unknown The Lancaster Foundation NEA Unknown LCC Energy Grant Groundwork UK Other 7.tK)O 1.(J)O 7.000 1,000 3,1XlO 8,300 3,000 8,300 3.675 3.675 24,000 24,000 1,155 600 500 1,770 24,000 24,000 11,193 1,155 11,193 9.969 8.830 18,272 14,200 8,830 18,272 14,200 1.770 24,000 23.325 47,325 24.000 66,139 90,139 Income from charitable activities Unrestricted funds 2025 Unrestricted funds 2024 Educatlon and recreation facilites development Sale of goods Other income 4.319 3,269 652 4,31g 3,921 15-
BRIGHT PARK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from other trading a¢tivltlès Unreslri¢ted Unrestri¢tèd funds funds 2025 2024 Fundraising evenls 212 Income from investments Unrestricted UnStrictèd funds funds 2025 2024 Rental incotne 8.864 10,146 other income Unrestrlcted Unrestricted funds funds 2025 2024 Other income 16-
BRIGHT PARK NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities Education Education and and recrèation recrèation fa¢ililes fa¢ilites developmen developmen 202S 2024 Direct costs Slafl costs Depreciation and impaiimenl P¥ogr8mme fÉès Light and heat Repairs and renewals Events Office eosts Markeling VolLJnteer expenses Professional fees 70,929 10,(H)3 8,614 1,840 1,093 77,976 8,857 10,253 2,346 8,637 1,780 926 1,096 109 6,446 1,802 1,561 5,536 101,378 118,426 Share of support and governance costs (see note 91 Governanea 2,400 2,700 103,778 121,126 Analysis by fund Unrestrieted funds Restricted funds 75.778 28,000 44.306 76,820 103,778 121,126 Support costs allocated to activities 2025 2024 Governance costs 2,400 2.700 Analysed belween= Education and recreation facililes development 2,400 2.700 10 Trusteès None of the IfU51ees lor any persons connected with them) received any remuneration or benefits from tho charity during the yeai. 17
BRIGHT PARK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 IWARCH 2025 11 Net movement in funds 2025 2024 The nel movetnenl in funds 1$ slal&d aftèr chargingllcredilingl.. Depreciation of owned tangible fixed assets 10,003 8.856 12 Employee The average monthly number ol employee5 during the year was- 2025 Number 2024 Number Employment costs 2025 2024 Wages and salaries 70,929 77,976 There were no employees whose annual remuneialion was more Ihan £60.LK)O. 13 Taxation The charily is exempl from taxation on ils a¢lwiliès bÉe3use 811 its ineome is applied loy charitable purposès. 14 Tanglble flxed assets Freehold land and bulldlngs Planland Flxtvres and 8qulpm8nt flttlngs Compulèts Totsl C05t Al 1 April 2024 Additions 41,066 16,016 2,596 24.119 8,518 4,963 86.164 11.114 Al 31 Mar¢h 2025 41,066 18.612 32,637 4,963 97.278 Dèpraclatlon and Impaimient At 1 April 2024 Deprèciation eharged in the year 4,778 821 11,638 1,661 9,6C13 6,528 1,520 993 27.539 10.003 Al 31 March 2025 5.599 13,299 16.131 2,513 37,542 Carrying amount Al 31 March 2025 35.467 5.313 16.5C 2.450 59,736 Al 31 March 2024 36,288 4.378 14,516 3.443 58,625 18
BRIGHT PARK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Debtors 2025 2024 Amounts falling wlthln one year: Tiade debtors Amounts owed by fellow group undertakings Piepayrnenls and 8¢¢rued income 31 14,520 1,172 2.565 14.520 15,723 17,085 16 Creditors.. amounts falling du• wlthln one year 2025 2024 Trade creditors Amounts owed lo fellow group undertakings Accruals and defeired income 21.055 20,022 1,382 2,4 2,400 23,455 23,804 17 Restricted funds The reslricted funds ol the charity comprise Ihe unexpended balances of donalions and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 Aprll 2024 Incomlng rèsources Resources èxpended At 31 March 2025 4,675 23,325 128.0001 19-
BRIGHT PARK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Rèstrleted funds (Continuedl Previous year.. At q Aprll 2023 Incomlng resources Resources At 31 March expended 2024 15,356 {15,3561 111,1931 14.5001 11,9501 National Lollery Eleanor Ralhbone Charilable Trust Liverpool Cily Counc41 Hemby Trust National Lollèry- Foresl School Morrisons Foundation New lo Nature PH Holl Rainlord Trust The Woodward Trust Wesl Derby C8pital 11,193 4,500 1,950 1,000 9,969 8,830 18,272 5,000 1,000 750 3,675 1,000 19.9691 18.830) 118,2721 15,000) 11,000} 1750} 3.675 15.356 66.139 176,8201 4.675 18 Unrestrlctad funds The unresliicled fun(J5 of the charity comprise the unexpended balances of donalions and grants which are not subject lo specific conditions by donors and granlors as lo how Ihey may be used. These include designated funds which have been set aside out of unr8slriclèd funds by the Irusleés for spe¢ili¢ purposes. At 1 April 2024 Incoming resource¥ Rèsoureès At 31 March expended 2025 Genefal tunds 62,271 68,211 175.7781 54,704 ProvÉous y&ar: At 1 April 2023 Incoming resources Resources At 31 March •xpendad 2024 General ftjnds 67,061 39,516 144,3061 62,271 -20-
BRIGHT PARK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 19 Analysls of net assets between funds Unrestrlcted funds 2025 Restrlcted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current asselsllliabililies) 59.736 15.0321 59.736 {5,0321 54,704 54,704 Unrestrlctad funds 2024 Restrlcted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsllliabililiesl 58,625 3.646 58,625 8.321 4,675 82,271 4,675 66.946 20 Related party transactlons Love and Joy Ministries Ltd (Company No.05283980. Charity No.11070291 also have two Iruslees in common with Liverpool Lighthouse Limited. Al the year end Love and Joy Ministries owed £NIL lo Bright Park {2024'. £NILI. bul were owed £18.267 from Bright Park12024.' £21,254). Liverpool Lighthouse is the sole Iruslee of the charity al the year end an amount of £14,52012024'.£14,520} was owed from Liverpool Lighlhouse and £NIL was owed lo LiveTpooI Lighthouse {2024.. £NILI Land and building maintained by Biighl Park Charity are held in trust by Liverpool Lighthouse Limited. No value has yel been placed on these assets which have been donated al £Nil cost to the Charity. The assets would have a sionificanl market value if a valuation were carried out 21 Golng Concern The Charlty currently has nel current liabilities along with performance this year which has generated a deficit which has reduced the reserve levels against largel las noted in the Trustees report). The Trustees have produced forecasts for the next 2 years which show surpluses are expected in both years. As a result the ac¢ounls are prepared on a Going Concein basis. 21