REGISTERED COMPANY NUMBER: 04992631 (England and Wales)

REGISTERED CHARITY NUMBER: 1119391

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

PARK LANE CENTRE

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

15

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of 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).

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Staffing

Staff have continued to undertake training and refresher courses are completed online.

Over this year there have been 9 regular volunteers, who support in the café and with customer services as well as delivering free boot camp sessions to local people.

We are also committed to providing work experience opportunities and have provided 8 placements during this year.

Leaseholders

Our leaseholders have remained the same across this year, with some licensees changing including more NHS services joining us

Woody's Warren, Café and Playbarn

Although Woody's Warren income was down according to the previous year, this was because of the additional funding it received to provide a FREE warm space over the winter in the year 2023-2024. In terms of the café takings in this financial year, there was an increase in the daily and weekly takings overall.

Events

We ran a number of events over the year as shown below:

Summer Event and cool packs

Christmas Events

Youth Festival

Children's discos

Keeping warm event

Health and Safety

There was a RIDDOR reportable accident during this financial year, however the person involved did not sustain a lasting injury and no action was taken apart from our internal review and its outcomes, which was deemed robust and sufficient by the HSE.

Environmental

The Centre has continued its commitment to make as little environmental impact as possible. Cardboard, paper, glass, plastic, cans, toner cartridges, batteries and light bulbs are collected for recycling. Arrangements have been made to start recycling food waste from the end of this financial year.

Our Biomass Boiler and funded Solar Panelling installations help make us more environmentally sustainable through carbon neutral provision.

The ash waste from the biomass is free for gardeners to collect to improve their soil.

The 2 double electric vehicle charge points in our car park allow customers with electric vehicles to access charging and help us provide a service which will become more essential over the next few years.

All our cafe disposables are now compostable

Room Bookings

Room bookings continued to increase with more groups expanding numbers of sessions and starting up and courses being well attended.

We now open for bookings 7 days a week.

There were several large room hire aged debts identified in February. These were paid, but did not clear the bank account in time to show in this financial year's figures. The effect of this is that a loss has been made overall.

Funding

Park Lane Centre has worked to apply for funding to address the needs of our community.

We received grants to:

" provide a warm space and provide food for people in fuel poverty.

" Support a variety of groups with running costs

" Run community events

" Support young people to plan and run social action projects

We run free, accessible physical exercise sessions for members of the community and provided free exercise sessions for young people.

The Future

Park Lane Centre continues to face financial challenges during the year as rising costs including energy, food and materials impact on our budgets.

We have gained funding starting in the next financial year for more community engagement and the delivery of 3 large community driven projects, targeting local issues, over the next 5 years.

We will continue to seek funding for capital future projects.

Park Lane Centre will continue to promote itself and its services at every opportunity whilst seeking out other means of increasing income.

Budgets will be monitored to ensure that there is no wastage of resources and contracts with suppliers will be reviewed to ensure that best value is obtained in every case.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04992631 (England and Wales)

Registered Charity number

1119391

Registered office

Park Lane

Woodside

Telford

Shropshire

TF7 5QZ

Trustees

C A Bailey

R C Evans

L Herbert

D Maddock

Mrs J S Smith

H L Morgan

Company Secretary

Mrs J D Idiens

Independent Examiner

D E Ball & Co Limited

Chartered Accountants

15 Bridge Road

Wellington

Telford

Shropshire

TF1 1EB

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 5th November 2025 and signed on its behalf by:

C A Bailey - Trustee

Independent examiner's report to the trustees of Park Lane Centre ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also 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 your charity's accounts as 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.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	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

4.

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.

Russell Ball

D E Ball & Co Limited

Chartered Accountants

15 Bridge Road

Wellington

Telford

Shropshire

TF1 1EB

5th November 2025

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Support to the local community

335,094

18,234

353,328

372,477

Investment income

2

3,199

-

3,199

3,321

Other income

2,816

-

2,816

630

Total

341,109

18,234

359,343

376,428

EXPENDITURE ON

Charitable activities

Support to the local community

344,287

30,722

375,009

385,087

NET INCOME/(EXPENDITURE)

(3,178

)

(12,488

)

(15,666

)

(8,659

)

Transfers between funds

10

(1,305

)

1,305

-

-

Net movement in funds

(4,483

)

(11,183

)

(15,666

)

(8,659

)

RECONCILIATION OF FUNDS

Total funds brought forward

135,099

43,285

178,384

187,043

TOTAL FUNDS CARRIED FORWARD

130,616

32,102

162,718

178,384

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

7

5,561

25,010

30,571

40,940

CURRENT ASSETS

Debtors

8

15,227

-

15,227

11,914

Cash at bank and in hand

117,027

7,092

124,119

133,361

132,254

7,092

139,346

145,275

CREDITORS

Amounts falling due within one year

9

(7,199

)

-

(7,199

)

(7,831

)

NET CURRENT ASSETS

125,055

7,092

132,147

137,444

TOTAL ASSETS LESS CURRENT LIABILITIES

130,616

32,102

162,718

178,384

NET ASSETS

130,616

32,102

162,718

178,384

FUNDS

10

Unrestricted funds:

General fund

100,531

105,014

Building Maintenance Life Cycle Reserve

30,085

30,085

130,616

135,099

Restricted funds:

Capital Grant - Woody's Warren Playbarn

23,878

31,041

Capital Grant - Gym

1,132

2,828

Grant - Miscellaneous

3,440

810

Grant - BBC Children in Need

456

-

Grant - Well Being Cafe

276

-

Grant - Capacity Building

-

3,648

Grant - TGF PLCYouth

2,920

4,458

Grant - Madeley Council

-

500

32,102

43,285

TOTAL FUNDS

162,718

178,384

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 5th November 2025 and were signed on its behalf by:

C A Bailey - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirement of paragraph 33.7;

•

the requirement of paragraph 24(b) of IFRS 6.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

20% on cost

Woody's Warren playbarn

-

15% on cost

Computer equipment

-

25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	INVESTMENT INCOME

31.3.25

31.3.24

£

£

Deposit account interest

3,199

3,321

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.25

31.3.24

£

£

Depreciation - owned assets

11,383

13,745

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.

Related party disclosures

H Morgan is a Director of Park Lane Centre and Councillor for Telford and Wrekin Council. In the year ending 31 March 2024, H Morgan allocated £1804.90 being part of their share of the Councillors Pride Fund to Park Lane Centre, with the requirement it is used to support community groups with running costs and for sessional activity and material costs.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.

5.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.25

31.3.24

Administration

4

4

Charitable activities

9

9

13

13

No employees received emoluments in excess of £60,000.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Support to the local community

344,375

28,102

372,477

Investment income

3,321

-

3,321

Other income

630

-

630

Total

348,326

28,102

376,428

EXPENDITURE ON

Charitable activities

Support to the local community

336,912

48,175

385,087

NET INCOME/(EXPENDITURE)

11,414

(20,073

)

(8,659

)

Transfers between funds

(148

)

148

-

Net movement in funds

11,266

(19,925

)

(8,659

)

RECONCILIATION OF FUNDS

Total funds brought forward

123,833

63,210

187,043

TOTAL FUNDS CARRIED FORWARD

135,099

43,285

178,384

7.	TANGIBLE FIXED ASSETS

Fixtures

Woody's

Plant and

and

Warren

Computer

machinery

fittings

playbarn

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

18,780

47,718

95,500

15,816

177,814

Additions

-

1,014

-

-

1,014

At 31st March 2025

18,780

48,732

95,500

15,816

178,828

DEPRECIATION

At 1st April 2024

12,026

44,691

64,460

15,697

136,874

Charge for year

2,785

1,346

7,163

89

11,383

At 31st March 2025

14,811

46,037

71,623

15,786

148,257

NET BOOK VALUE

At 31st March 2025

3,969

2,695

23,877

30

30,571

At 31st March 2024

6,754

3,027

31,040

119

40,940

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

14,374

11,009

Prepayments

853

905

15,227

11,914

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

-

1,586

Accrued expenses

7,199

6,245

7,199

7,831

10.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.4.24

in funds

funds

31.3.25

£

£

£

£

Unrestricted funds

General fund

105,014

(3,178

)

(1,305

)

100,531

Building Maintenance Life Cycle Reserve

30,085

-

-

30,085

135,099

(3,178

)

(1,305

)

130,616

Restricted funds

Capital Grant - Woody's Warren Playbarn

31,041

(7,163

)

-

23,878

Capital Grant - Gym

2,828

(1,696

)

-

1,132

Grant - Miscellaneous

810

2,630

-

3,440

Grant - BBC Children in Need

-

456

-

456

Grant - Safer Stronger Communities

-

(1,305

)

1,305

-

Grant - Well Being Cafe

-

276

-

276

Grant - Capacity Building

3,648

(3,648

)

-

-

Grant - TGF PLCYouth

4,458

(1,538

)

-

2,920

Grant - Madeley Council

500

(500

)

-

-

43,285

(12,488

)

1,305

32,102

TOTAL FUNDS

178,384

(15,666

)

-

162,718

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

341,109

(344,287

)

(3,178

)

Restricted funds

Capital Grant - Woody's Warren Playbarn

-

(7,163

)

(7,163

)

Capital Grant - Gym

-

(1,696

)

(1,696

)

Grant - Miscellaneous

5,740

(3,110

)

2,630

Grant - BBC Children in Need

9,994

(9,538

)

456

Grant - Safer Stronger Communities

-

(1,305

)

(1,305

)

Grant - Well Being Cafe

1,000

(724

)

276

Grant - Capacity Building

-

(3,648

)

(3,648

)

Grant - Madeley Council - Warm Space

500

(500

)

-

Grant - Madeley Council - Christmas

1,000

(1,000

)

-

Grant - TGF PLCYouth

-

(1,538

)

(1,538

)

Grant - Madeley Council

-

(500

)

(500

)

18,234

(30,722

)

(12,488

)

TOTAL FUNDS

359,343

(375,009

)

(15,666

)

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.4.23

in funds

funds

31.3.24

£

£

£

£

Unrestricted funds

General fund

93,748

11,414

(148

)

105,014

Building Maintenance Life Cycle Reserve

30,085

-

-

30,085

123,833

11,414

(148

)

135,099

Restricted funds

Capital Grant - Woody's Warren Playbarn

38,204

(7,163

)

-

31,041

Capital Grant - Gym

4,524

(1,696

)

-

2,828

Capital Grant - Madeley Council

2,147

(2,147

)

-

-

Grant - Miscellaneous

-

774

36

810

Grant - Holiday Activities & Eat Well

234

(235

)

1

-

Grant - BBC Children in Need

6,593

(6,635

)

42

-

Grant - Safer Stronger Communities

-

(15

)

15

-

Grant - Asda Foundation

489

(489

)

-

-

Grant - Capacity Building

8,638

(4,990

)

-

3,648

Grant - National Grid Local Giving

-

(20

)

20

-

Grant - Ricoh - Community Health

1,551

(1,551

)

-

-

Grant - Energise - Commonwealth Games

830

(833

)

3

-

Grant - TGF PLCYouth

-

4,458

-

4,458

Grant - Madeley Council

-

500

-

500

Grant - Woodside youth festival

-

(22

)

22

-

Grant - Veolia Envirogrant

-

(9

)

9

-

63,210

(20,073

)

148

43,285

TOTAL FUNDS

187,043

(8,659

)

-

178,384