OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

Charity registration number 1013897

BATH AREA PLAY PROJECT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

BATH AREA PLAY PROJECT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees E Hendy
V Heslop
M Bogg
T Hill
M Ming (Appointed 28 February 2024)
T Swift (Appointed 20 September
2023)
B Harding-Clark
Charity number 1013897
Principal address Odd Down Community Centre
Odins Road
Odd Down
Bath
BA2 2TL
Independent examiner Mark Garrett Chartered Accountant
23 Leafield Industrial Estate
Leafield Way
Corsham
Wiltshire
SN13 9RS
Bankers Cooperative Bank
PO Box 101
1 Balloon Street
Manchester
M60 4EP
Barclays Bank PLC
Leicester
LE87 2BB

BATH AREA PLAY PROJECT

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 17

BATH AREA PLAY PROJECT

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their report and financial statements for the year ended 31 March 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The policies adopted in furtherance of these objects are listed in the constitution statement and there has been no changes in these during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The trustees have paid due regard to guidance issued by the Charity Commission on public benefit when exercising any powers or duties to which the guidance is relevant.

The Charity continues the provision of family play support for children and families, Nurture Groups in schools, Early Years provision, holiday playschemes & youth provision specifically for disabled children and young people in the form of short breaks. The Trustees continued use of reserves in order to ensure the FSPS team were managed effectively.

We successfully applied for funding with the We-Activate group providing places on our free community based play sessions open to all disadvantaged children and families across B&NES, for which grants were used to open these to families in receipt of benefit related Free School meals and receive a free packed lunch. These were vital for families with disabled children as they could then access free spaces on our existing specialist programmes in Easter and Summer school holidays. This opened up the service to more families, some of whom have continued to use the service since.

BATH AREA PLAY PROJECT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial review

Income and expenditure from contracts was used to fulfil our obligations, supporting vulnerable families at full capacity, despite no cost of living or inflationary increases being provided by the Council. We were very pleased with a successful application to the Henry Smith Charity and we have been able to extend our capacity for whole family support for the next 3 years. We were successful with an application to Quartet Community Foundation with a Sector Grant which means the Children & Young People’s Network will continue for another two years.

With support from local Trusts and Foundation, we were able to provide much needed community play sessions again, supported by a successful Lottery Awards for All application ensuring that children not in that grey area below the FSM threshold, had services available for them to use for free. Our work as Lead Partner on the Short Breaks contract was extended for a further year and the Local Authority have confirmed that these services will be open for recommissioning for 2024 onwards. We were delighted to have the CYPN contract funded by St. Johns through B&NES Council, providing longer term security however, we have recently learnt that this will not be beyond 3 years.

We have registered with the Government Tax free Childcare scheme in order to further support parents/carers when using our services. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six months expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. A level of 5 months’ reserves has been maintained throughout the year. The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. As part of their ongoing commitment to Quality Governance and Management, the organisation works in line with the ISO9001 Quality Award 2018. Ofsted inspected our Nursery and Pre-school in October 2022 and we were delighted to remain a Good Setting; an accolade to the hard work of the staff team at the Hut.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. A level of 5 months’ reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. As part of their ongoing commitment to Quality Governance and Management, the organisation has held the ISO9001 Quality Award since 2010 and has now achieved the 2018 standard. Ofsted registration has been maintained for 3 settings we resigned our Childcare Setting for Foxhill and Southside and our Social Care Ofsted registration for Residential Holiday Schemes for Disabled Children.

Structure, governance and management

The charity was established by a charitable trust deed in 1992. The charity objects are as follows:

(i) to advance the education of children and young people.

(ii) to promote a range of inclusive and accessible play opportunities for children in their own communties within the Bath area.

BATH AREA PLAY PROJECT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The trustees who served during the year and up to the date of signature of the financial statements were: A Henderson (Resigned 23 October 2023) E Hendy V Heslop J Cooper (Resigned 23 October 2023) F Wikeley (Resigned 23 October 2023) M Bogg T Hill C McKeever (Resigned 23 October 2023) M Ming (Appointed 28 February 2024) B Price (Appointed 26 April 2023 and resigned 28 October 2023) T Swift (Appointed 20 September 2023) B Harding-Clark

Trustees are recruited from the area in which the Charity operates and are appointed at the annual general meeting.

BAPP Trustees are indebted to Tracy Hill as Trustee Treasurer who has greatly assisted with the transfer of accounts from Quick Books to Xero, bringing payroll in house and ensuring improved financial reporting, greatly assisting Trustees responsibilities in financial management.

The charity's organisation structure consists of a board of unpaid Trustees, who have appointed a director, who is not a trustee, to manage the day to day operation of the charity. The director is supported by a number of paid administration staff in that role. The charity also employs project workers who carry out day to day functional tasks. These staff are under the control of the director and administration team.

Specific investment powers are outlined in the constitution statement.

There were no connected charities.

The trustees' report was approved by the Board of Trustees.

.............................. T Swift Trustee Dated: .....28/11/2024....................

BATH AREA PLAY PROJECT

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BATH AREA PLAY PROJECT

I report to the trustees on my examination of the financial statements of Bath Area Play Project (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants 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 that in any material respect:

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.

Mark Garrett Chartered Accountant

23 Leafield Industrial Estate Leafield Way Corsham Wiltshire SN13 9RS

Dated: 27 November 2024

BATH AREA PLAY PROJECT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Designated
Restricted
funds
funds
funds
general
Notes
£
£
£
Income from:
Donations and legacies
3
7,483
-
10,568
Incoming resources from
charitable activities
4
559,303
-
84,059
Investments
5
-
1,437
-
Total income
566,786
1,437
94,627
Expenditure on:
6
Charitable activities
7
659,837
-
-
Net (outgoing)/incoming
resources before transfers
(93,051)
1,437
94,627
Gross transfers between funds
141,957
-
(141,957)
Net income/(expenditure) for the year/
Net movement in funds
48,906
1,437
(47,330)
Fund balances at 1 April 2023
335,050
86,380
47,330
Fund balances at 31 March
2024
383,956
87,817
-		 Total
2024
£
18,051
643,362
1,437
662,850
659,837
3,013
-
3,013
468,760
471,773		 Total
2023
£
9,793
644,718
318
654,829
621,840
32,989
-
32,989
435,751
468,740

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

BATH AREA PLAY PROJECT

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
18
Designated funds
19
Unrestricted funds - general		 2024
£
34,414
469,095
503,509
(36,948)		 £
5,212
466,561
471,773
-
87,817
383,956
471,773		 2023
£
36,273
438,175
474,448
(12,058)		 £
6,350
462,390
468,740
47,330
86,360
335,050
468,740

The accounts were approved by the Trustees on ....28/11/2024 .....................

.............................. T Hill Trustee

BATH AREA PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Bath Area Play Project is an unincorporated charity.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

BATH AREA PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business.

1.5 Expenditure

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation 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:

Fixtures, fittings & equipment 25% reducing balance basis Motor vehicles 25% reducing balance basis

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 activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent 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 maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

BATH AREA PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

BATH AREA PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates 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 historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts 7,483 10,568 18,051 9,793 - 9,793

Donations from The Combe Down Holiday Trust, The Joyce Fletcher Charitable Trust, Andrew Fletcher, The Roper Family Charitable Trust, Co-operative Local Donations and Amazon Smile Program are all gratefully acknowledged. Our particular thanks for all donations from parents, members of the public at play events and anonymous donors.

BATH AREA PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

4 Income from charitable activities

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Office
Services provided under
contract
102,447
-
Performance related
grants
-
-
Ancillary trading income
-
-
Charitable rental income
12,239
-
Other income
2,697
-
Family, play and support
Services provided under
contract
136,353
-
Performance related
grants
-
66,672
Ancillary trading income
714
-
Preschool and creche
Services provided under
contract
147,671
-
Performance related
grants
690
15,101
Ancillary trading income
5,913
-
Charitable rental income
1,758
-
Other income
525
-
Disabled services
Services provided under
contract
128,104
-
Performance related
grants
-
2,286
Ancillary trading income
20,192
-
559,303
84,059		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
102,447
21,427
-
-
-
29,998
-
34
-
12,239
9,338
-
2,697
9,297
-
136,353
181,965
-
66,672
-
51,805
714
63
-
147,671
83,250
-
15,791
800
11,331
5,913
47,503
-
1,758
776
-
525
1,209
-
128,104
192,528
-
2,286
2,994
400
20,192
-
-
643,362
551,184
93,534		 Total
2023
£
21,427
29,998
34
9,338
9,297
181,965
51,805
63
83,250
12,131
47,503
776
1,209
192,528
3,394
-
644,718

5 Income from investments

Interest receivable

Unrestricted Unrestricted
funds funds
Designated Designated
2024 2023
£ £
1,437 318

BATH AREA PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

6 Grants and Contracts

Grants and contracts include the following: -

Bath and North East Somerset commissioning contracts £316,610 Quartet Community Foundation £2,000 GWR CEP £13,101

Henry Smith £57,600

And other grants from Midsomer Norton Town Council, Peasedown St John Parish Council, Radstock Town Council, Paulton Parish Council and Bath Building Society.

The charity also wishes to acknowledge a grant of £25,000 from Garfield Weston Foundation which was received and accounted for in the financial statements for 2023 and further grants which will be accounted for in the financial statements for 2025. .

7 Charitable activities

Staff costs
Depreciation and
impairment
Direct Charitable
Expenditure
Payments to subcontract
partners
Share of support costs (see
note 8)
Share of governance costs
(see note 8)		 Office Family, play
and support
Pre-school
and creche
Disabled
services
2024
2024
2024
2024
£
£
£
£
91,821
192,218
125,089
74,159
1,737
-
-
-
3,609
-
10,598
6,882
-
45
-
37,939
97,167
192,263
135,687
118,980
58,981
23,366
24,826
7,367
1,200
-
-
-
157,348
215,629
160,513
126,347		 Total
2024
£
483,287
1,737
21,089
37,984
544,097
114,540
1,200
659,837		 Total
2023
£
410,655
2,116
17,924
68,526
499,221
121,674
945
621,840

BATH AREA PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8
Support costs
Support
costs
Governance
costs
£
£
Rent, rates and venue hire
26,392
-
Utility costs
16,056
-
Stationery and postage
449
-
Telephone and internet
3,710
-
Materials and repairs
37,580
-
Travel and vehicle costs
6,884
-
Professional fees, bookkeeping, DBS checks,
OFSTED and compliance costs
20,340
-
Staff welfare, hygiene and training
1,409
-
Miscellaneous costs
1,720
-
Accountancy
-
1,200
Other professional fees
-
-
114,540
1,200
Analysed between
Charitable activities
114,540
1,200
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets		 2024
£
26,392
16,056
449
3,710
37,580
6,884
20,340
1,409
1,720
1,200
-
115,740
115,740
2024
£
1,737		 2023
£
18,166
22,446
1,162
4,713
28,572
8,842
31,640
1,132
5,001
830
115
122,619
122,619
2023
£
2,116

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number employees during the year was:

2024 2023
Number Number
43 38

BATH AREA PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

11
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2024
2023
£
£
450,968
383,177
23,765
17,622
8,554
9,856
483,287
410,655		 (Continued)
2024
2023
£
£
450,968
383,177
23,765
17,622
8,554
9,856
483,287
410,655
410,655

Part time and sessional staff have been included in the totals above in their entirety and the numbers above do not represent full time equivalent numbers.

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2024 2023
£ £
Aggregate compensation 41,304 35,716

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Tangible fixed assets

Fixtures,
fittings &
equipment
£
Cost
At 1 April 2023
61,917
Additions
600
At 31 March 2024
62,517
Depreciation and impairment
At 1 April 2023
59,080
Depreciation charged in the year
859
At 31 March 2024
59,939
Carrying amount
At 31 March 2024
2,578
At 31 March 2023
2,838		 Motor
vehicles
£
11,100
-
11,100
7,588
878
8,466
2,634
3,512		 Total
£
73,017
600
73,617
66,668
1,737
68,405
5,212
6,350

BATH AREA PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

14
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
16
Trade creditors
Other creditors
Accruals and deferred income
16
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Resources deferred in the year
Deferred income at 31 March 2024
17
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
22,142
(1,766)
14,037
34,413
2024
£
16,885
-
15,256
2,607
2,200
36,948
2024
£
-
2024
£
-
1,000
(1,000)
-
2024
£
4,919		 2023
£
36,272
-
1
36,273
2023
£
6,138
1,000
1,047
1,673
2,200
12,058
2023
£
1,000
2023
£
1,000
-
1,000
1,000
2023
£
6,453

BATH AREA PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17 Retirement benefit schemes

(Continued)

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Transfers At 31 March
2023 resources 2024
£ £ £ £
47,330 94,627 (141,957) -
Previous year: At 1 April Incoming Transfers At 31 March
2022 resources 2023
£ £ £ £
10,774 93,534 (56,978) 47,330
Unrestricted funds - Designated
These are unrestricted funds which are material to the charity's activities.
At 1 April Incoming At 31 March
2023 resources 2024
£ £ £
86,380 1,437 87,817
Previous year: At 1 April Incoming At 31 March
2022 resources 2023
£ £ £
86,042 318 86,360

19 Unrestricted funds - Designated

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
General funds 335,050 566,786 (659,837) 141,957 383,956

BATH AREA PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

20 Unrestricted funds (Continued)
Previous year: At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
General funds 338,935 560,977 (621,840) 56,978 335,050
21 Analysis of net assets between funds
Unrestricted Unrestricted Restricted Total
funds funds funds
general Designated
2024 2024 2024 2024
£ £ £ £
At 31 March 2024:
Tangible assets 5,212 - - 5,212
Current assets/(liabilities) 378,743 87,817 - 466,560
383,955 87,817 - 471,772
Per balance sheet 383,956 87,817 - 471,773
Balance to allocate 1 - - 1
Unrestricted Unrestricted Restricted Total
funds funds funds
general Designated
2023 2023 2023 2023
£ £ £ £
At 31 March 2023:
Tangible assets 6,350 - - 6,350
Current assets/(liabilities) 328,700 86,360 47,330 462,390
335,050 86,360 47,330 468,740

22 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).