Charity Commission Registered No: 1021896
PLAY RADNOR ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
INDEX Pages 1 – 2 Report of the Trustees Page 3 Independent Examiner’s Report Page 4 Statement of Financial Activities Page 5 Balance Sheet Pages 6 - 11 Notes to the Financial Statements
PLAY RADNOR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The Trustees present their report, together with the Financial Statements of the Charity for the year ended 31 March 2021.
Our Purposes and Activities
The objects of the charity is established to provide the provision of facilities for recreation and other occupations for children resident in the districts of Radnorshire/North Brecknock being facilities (A) of which such children have need by reason of their youth or social and economic circumstances and (B) which will improve the conditions of life for such children by promoting their physical, mental and spiritual well-being.
Activities and Performance
The Trustees are delighted to see Play Radnor/ Chwarae Maesyfed in a stronger position at the end of the financial year than when we started and feel this is due to hard work and adaptability from the staff throughout one of the most challenging years in recent memory.
We continued to provide play opportunities in whatever form was suitable for the current guidelines, and staff have been imaginative in their solutions to any barriers.
The building work has progressed and the main play area and exterior look unrecognisable from how the building was when we acquired it. The Play Development Officer , Rachel Maflin, was successful in a number of funding bids, raising money for Covid-specific projects, new staffing costs, capital funding for the building and even a new van! We were grateful for the furlough scheme which we utilised for staff for the first lockdown, and it is a credit to the staff that they were able to achieve all they did in a shorter period than expected. We also thank all our funders for continuing to support our work and the young people of Radnorshire
Plans for the Future:
We are firmly in the belief as trustees, and as an organisation, that play for children and young people is going to be vital in the promotion of wellbeing in the next year. With funding for new projects, and the return of some that had to cease, or move to virtual sessions, we hope that we can provide these opportunities.
We will continue to restructure the organisation, starting with the Play Development Officer role changing into a Manager’s position, as this better reflects Rachel’s position as the driving force and leader of Play Radnor/Chwarae Maesyfed. It is exciting to see new jobs, and the new faces, and we look forward to seeing what direction the organisation moves in next. March 2022 will be the 30th Anniversary of the formation of Play Radnor/ Chwarae Maesyfed and we want to encourage a community effort to celebrate the last 30 years. We will look to hold events that can raise awareness of our services in the community . The final touches on the building work will be completed as well, with the new kitchen an interesting new addition which opens up many more possibilities for building use and hire. Although we are aware that there still may be some impact from COVID during the year we feel the organisation is ready to adapt and deliver play opportunities however and wherever we can.
Financial Review
Total Incoming Resources in the year were £165,822 (2020 - £98,556). Expenditure was £89,806 compared to £65,662 for the previous year. Net income for the year was £76,016 compared to £32,904 for the previous year. The net movement in funds were net income for Restricted Funds of £54,894 (2020 - net income of £41,529) and net income for Unrestricted Funds of £21,122 (2020 - Net expenditure £8,625) details of which are provided in the notes to the Financial Statements.
Details of Income and Expenditure are given in the Statement of Financial Activities on page 4 of the report. The Principal Funding Sources are summarised in note 2 on page 7 of the Financial Statements.
Reserves Policy
The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, or held in designated funds, (‘the free reserves’) held by the Charity should be approximately three months of budgeted resources expended which is estimated at approximately £16,000 (2020 - £16,000). At this level the Trustees feel they would be able to continue the current activities of the Charity in the event of a significant drop in funding. The actual free reserves at 31 March 2021 were £17,944 (31 March 2020 - £Nil) and the trustees have a strategy to build reserves through planned operating surpluses in future years.
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PLAY RADNOR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
Legal and Administrative Information
Charity Name: Play Radnor Charity Registration No: 1021896 Charity’s Address: The Play Hub Temple Street Llandrindod Wells Powys LD1 5HW Trustees who served during the period were: Owen Griffkin Louise Bell Nicholas Tuffnell Gwawr Tuffnell Owen Howard (Appointed 10 May 2021) Bankers: HSBC Bank plc Middleton Street Llandrindod Wells Powys LD1 5EU Independent Examiner: A C Jones of Andrew Jones & Co Chartered Accountants The Old Surgery Spa Road Llandrindod Wells Powys LD1 5EY
Structure, Governance and Management
Governing Document
The Charity is governed by a constitution adopted on 28 April 1993 as amended in July 2001 and on 13 November 2003.
Organisational Structure
The policy and general management of the affairs of the Association shall be directed by the Trustees, an Executive Committee (‘the Committee’) which shall meet not less than four times a year and when complete shall consist of not less than three members.
Nomination and Election
The Trustees shall be elected at the Annual General Meeting of the Association.
Risk Review
The Trustees have conducted their own review of the major risks to which the Charity is exposed, and systems have been established to mitigate those risks. These procedures are periodically reviewed to ensure they still meet the needs of the Charity.
Statement of Trustees’ Responsibilities
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the charity’s financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
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(a) select suitable accounting policies and then apply them consistently;
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(b) make judgements and estimates that are reasonable and prudent;
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(c) state whether applicable accounting Standards and Statements of Recommended Practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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(d) prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the charity, and which enable them to both ascertain the financial position of the charity and ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities issued in March 2005.
Approved by the Trustees on 11January 2022 signed on their behalf by:
Owen Griffkin Chair
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PLAY RADNOR
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS TO THE TRUSTEES OF PLAY RADNOR
I report on the accounts of the Charity for the year ended 31 March 2021, which are set out on pages 5 to 11
Respective Responsibilities of Trustees and Examiner
The charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to our attention:
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(1) Which gives us reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A C Jones BSc (Econ) FCA Andrew Jones & Co Chartered Accountants The Old Surgery Spa Road Llandrindod Wells Powys LD1 5EY
31 January 2022
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PLAY RADNOR
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Total Funds | Total Funds | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Year Ended | Year Ended | ||
| Note | Funds | Funds | 31/03/2021 | 31/03/2020 | |
| £ | £ | £ | £ | ||
| INCOME | |||||
| Donations | 400 | 250 | 650 | 3,858 | |
| Income from Charitable Activities: | 24,415 | 126,674 | 151,089 | 89,851 | |
| Other Trading Activities: | 11,145 | - | 11,145 | 1,497 | |
| Other Income | 1,198 | 1,740 | 2,938 | 3,360 | |
| ____ | ____ | ____ | ____ | ||
| TOTAL INCOMING RESOURCES | (2) | 37,158 | 128,664 | 165,822 | 98,566 |
| ____ | ____ | ____ | ____ | ||
| EXPENDITURE | |||||
| Charitable Activities | (3) | 35,551 | 54,255 | 89,806 | 65,662 |
| ____ | ____ | ____ | ____ | ||
| TOTAL EXPENDITURE | 35,551 | 54,255 | 89,806 | 65,662 | |
| ____ | ____ | ____ | ____ | ||
| NET INCOME/(EXPENDITURE) BEFORE | |||||
| TRANSFERS | 1,607 | 74,409 | 76,016 | 32,904 | |
| Transfer between Funds | (6) | 19,515 | (19,515) | - | - |
| ____ | ____ | ____ | ____ | ||
| NET MOVEMENT IN FUNDS | 21,122 | 54,894 | 76,016 | 32,904 | |
| Total Funds at 1 April 2020 | (2,702) | 259,314 | 256,612 | 223,708 | |
| ____ | ____ | ____ | ____ | ||
| Total Funds at 31 March 2021 | 18,420 | 314,208 | 332,628 | 256,612 | |
| ____ | ____ | ____ | ____ |
The notes on pages 6-11 form an integral part of these Financial Statements.
4
PLAY RADNOR BALANCE SHEET AS AT 31 MARCH 2021
| Note | 31/03/2021 | 31/03/2020 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| FIXED ASSETS | |||||
| Tangible Fixed Assets | (7) | 244,756 | 178,371 | ||
| CURRENT ASSETS | |||||
| Debtors | (8) | 6,741 | 10,059 | ||
| Cash at Bank and In Hand | 89,311 | 70,713 | |||
| ____ | ____ | ||||
| 96,052 | 80,772 | ||||
| CREDITORS | |||||
| Amounts falling due within one year | (9) | (8,180) | (2,531) | ||
| ____ | ____ | ||||
| NET CURRENT ASSETS | 87,872 | 78,241 | |||
| ____ | ____ | ||||
| NET ASSETS | 332,628 | 256,612 | |||
| ____ | ____ | ||||
| FUNDS | |||||
| Unrestricted Funds | 18,420 | (2,702) | |||
| Restricted Funds | 314,208 | 259,314 | |||
| ____ | ____ | ||||
| TOTAL FUNDS | (10) | 332,628 | 256,612 | ||
| ____ | ____ |
Approved by the Trustees on 11 January 2022 and signed on their behalf by:
Owen Griffkin Chair
The notes of pages 6-11 form an integral part of these Financial Statements.
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PLAY RADNOR
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of Preparation
The Financial Statements have been prepared in accordance with 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 2015) – (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Exemption from Preparing a Cash Flow Statement
The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Preparation of Accounts on a Going Concern Basis
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
Income
Income including Capital Grants for the purchase of fixed assets are included in full in the Statement of Financial Activities when these are receivable.
Incoming resources in the form of donated assets are included in the Statement of Financial Activities, and capitalised where appropriate at a reasonable estimate of their value.
Expenditure
Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.
Charitable Expenditure comprises those costs directly attributable to direct charitable activities and an apportionment of overhead and support costs.
Governance costs comprise all costs involving public accountability of the Charity and its compliance with regulations and good practice. These costs include independent examination fees and legal fees.
Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold Buildings No depreciation Play Fort 10% on cost Motor Vehicles 25% on cost Computer Equipment 33.33% on cost Equipment and Fixtures 20% on cost (previously 25% on cost)
The residual value of the Freehold Property is considered to be at least equal to the carrying value of Freehold Property in the Financial Statements and therefore no depreciation has been provided on the building as this would be immaterial.
Voluntary Help and Gifts in Kind
No value has been put on the voluntary help received during the year.
Fund Accounting
The financial statements of a charity must differentiate between restricted and unrestricted funds.
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Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
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• Restricted funds are funds subject to specific conditions, imposed by the donor or by the specific terms of the charity appeal less amounts expended for these purposes.
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PLAY RADNOR
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
2. Income
| Income | ||||
|---|---|---|---|---|
| Total Funds | Total Funds | |||
| Unrestricted | Restricted | Year Ended | Year Ended | |
| Funds | Funds | 31/03/2021 | 31/03/2020 | |
| £ | £ | £ | £ | |
| Donations | 400 | 250 | 650 | 3,858 |
| Income from Charitable Activities: | ||||
| Grants | 24,415 | 126,674 | 151,089 | 85,578 |
| Subscriptions | - | - | - | 450 |
| Activities and Events | - | - | - | 3,823 |
| Other Trading Activities: | ||||
| Fund Raising | - | - | - | 182 |
| Charity Shop | - | - | - | 1,315 |
| Service Contracts | 10,882 | - | 10,882 | - |
| Hall Hire | 263 | - | 263 | - |
| Other Income | 447 | 1,740 | 2,187 | 3,356 |
| Investment Income | 1 | - | 1 | 4 |
| Profit on Disposal of Vehicle | 750 | - | 750 | - |
| ____ | ____ | ____ | ____ | |
| TOTAL INCOMING RESOURCES | 37,158 | 128,664 | 165,822 | 98,566 |
| ____ | ____ | ____ | ____ | |
| Grants | ||||
| Unrestricted | Restricted | Year Ended | Year Ended | |
| Grants received in the year were as under: | Funds | Funds | 31/03/2021 | 31/03/2020 |
| £ | £ | £ | £ | |
| Children in Need | - | 9,844 | 9,844 | 20,595 |
| PAVO – Comic relief / Wind Farm | - | - | - | 11,289 |
| Representative Body Church in Wales | - | - | - | 2,000 |
| WCVA | - | 30,558 | 30,558 | 39,999 |
| Powys Health Board / Public Health | - | - | - | 2,050 |
| Community Foundation Wales | - | 5,000 | 5,000 | 6,500 |
| Sportslot | - | - | - | 1,000 |
| Carm CC – Community Cohesion | - | 1,183 | 1,183 | 1,645 |
| Jaz Foundation | - | - | - | 500 |
| Powys County Council | 23,415 | 600 | 24,015 | - |
| Woodward Trust | 1,000 | - | 1,000 | - |
| Welsh Government | - | 25,000 | 25,000 | - |
| Lottery MG | - | 6,000 | 6,000 | - |
| Clothworkers | - | 14,000 | 14,000 | - |
| Moondance | - | 4,000 | 4,000 | - |
| BBC | - | 11,176 | 11,176 | - |
| Tesco Groundworks | - | 1,000 | 1,000 | - |
| HMRC | - | 15,725 | 15,725 | - |
| PSF | - | 250 | 250 | - |
| Leeds Building Society | - | 838 | 838 | - |
| Llandrindod Wells Town Council | - | 1,500 | 1,500 | - |
| ____ | ____ | ____ | ____ | |
| 24,415 | 126,674 | 151,089 | 85,578 | |
| ____ | ____ | ____ | ____ |
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PLAY RADNOR
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
3. Charitable Activities
| 3. | Charitable Activities | |||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Unrestricted | Restricted | Year Ended | Year Ended | |||
| Note | Funds | Funds | 31/03/2021 | 31/03/2020 | ||
| Other Costs: | £ | £ | £ | |||
| Salaries | (5) | 17,842 | 38,174 | 56,016 | 37,215 | |
| Staff Pensions | 520 | 104 | 624 | 1,272 | ||
| Staff Expenses | - | - | - | 252 | ||
| Training | - | 389 | 389 | 1,286 | ||
| Promotion and Publicity | 144 | 91 | 235 | 144 | ||
| Insurance | 1,976 | - | 1,976 | 2,208 | ||
| Light and Heat | 1,438 | - | 1,438 | 683 | ||
| Telephone and Internet | 564 | - | 564 | 615 | ||
| Printing, Postage and Stationery | 85 | 148 | 233 | 107 | ||
| Cleaning and Waste Disposal | - | 306 | 306 | - | ||
| Repairs and Renewals | 660 | 25 | 685 | - | ||
| Computer and Software | 159 | - | 159 | - | ||
| Vehicle Expenses | 1,017 | - | 1,017 | 929 | ||
| Venue Hire | - | - | - | 1,390 | ||
| Legal and Professional | 45 | 156 | 201 | - | ||
| Payroll Fees | 990 | - | 990 | 640 | ||
| Bank Charges | 84 | - | 84 | - | ||
| Play Resources | 100 | 90 | 190 | 3,748 | ||
| Activities and Events | 5,456 | 4,853 | 10,309 | 3,483 | ||
| General Running Costs | 148 | 350 | 498 | 2,586 | ||
| Depreciation | 218 | 9,569 | 9,787 | 4,652 | ||
| Governance Costs (see note 4) | 4,099 | - | 4,099 | 4,452 | ||
| Interest on Overdue PAYE/NI | 6 | - | 6 | - | ||
| ___ | ___ | ___ | ___ | |||
| 35,551 | 54,255 | 89,806 | 65,662 | |||
| ___ | ___ | ___ | ___ | |||
| 4. | Governance Costs | |||||
| Total | Total | |||||
| Unrestricted | Restricted | Year Ended | Year Ended | |||
| Funds | Funds | 31/03/2021 | 31/03/2020 | |||
| £ | £ | £ | £ | |||
| Salaries | 1,926 | - | 1,926 | 2,340 | ||
| Staff Pensions | 44 | - | 44 | 52 | ||
| Telephone and Internet | 63 | - | 63 | 68 | ||
| Printing, Postage and Stationery | 26 | - | 26 | 12 | ||
| Independent Examination | 300 | - | 300 | 300 | ||
| Accountancy | 1,740 | - | 1,740 | 1,680 | ||
| ___ | ___ | ___ | ___ | |||
| 4,099 | - | 4,099 | 4,452 | |||
| ___ | ___ | ___ | ___ | |||
| 5. | Staff Emoluments | |||||
| Total | Total | |||||
| Year Ended | Year Ended | |||||
| 31/03/2021 | 31/03/2020 | |||||
| £ | £ | |||||
| Staff Costs | 57,942 | 39,555 | ||||
| Employers NIC | - | - | ||||
| Staff Pension Costs | 668 | 1,324 | ||||
| ___ | ___ | |||||
| 58,610 | 40,879 | |||||
| ___ | ___ | |||||
| Average number of employees | 7 | 8 | ||||
| ___ | ___ | |||||
| 6. | Transfers between Funds | |||||
| Unrestricted | Restricted | |||||
| Funds | Funds | |||||
| £ | £ | |||||
| Transfers between funds in the year are: | ||||||
| Transfer costs from Unrestricted Funds to Restricted Funds | 19,515 | (19,515) | ||||
| ___ | ___ | |||||
| 19,515 | (19,515) | |||||
| ___ | ___ |
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PLAY RADNOR
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
7. Tangible Fixed Assets
| Cost or Revaluation At 1 April 2020 Additions Disposals At 31 March 2021 Depreciation At 1 April 2020 Charge for year On Disposals At 31 March 2021 Carrying Amount At 31 March 2021 At 31 March 2020 |
Freehold Buildings £ 169,983 55,284 - 225,267 2,874 1,437 - 4,311 220,956 167,109 |
Equipment, Fixtures and Fittings £ 14,180 237 - 14,417 3,114 2,950 - 6,064 8,353 11,066 |
Computer Equipment £ 1,556 497 - 2,053 1,360 361 - 1,721 332 196 |
Motor Vehicles Total £ £ - 185,719 20,154 76,172 - - 20,154 261,891 - 7,348 5,039 9,787 - - 5,039 17,135 15,115 244,756 - 178,371 |
|---|---|---|---|---|
8. Debtors:
| 8. | Debtors: | ||
|---|---|---|---|
| Total | Total | ||
| Year Ended | Year Ended | ||
| 31/03/2021 | 31/03/2020 | ||
| £ | £ | ||
| Debtors | 903 | 2,341 | |
| Prepayments | 5,839 | 7,718 | |
| ___ | ___ | ||
| 6,742 | 10,059 | ||
| ___ | _____ | ||
| 9. | Creditors: Amounts falling due within one year | ||
| Total | Total | ||
| Year Ended | Year Ended | ||
| 31/03/2021 | 31/03/2020 | ||
| £ | £ | ||
| Other Creditors | 2,810 | 431 | |
| Accruals | 2,040 | 2,100 | |
| Tax and Social Security Costs | 3,330 | - | |
| ___ | ___ | ||
| 8,180 | 2,531 | ||
| ___ | ___ |
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PLAY RADNOR
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
10. Funds
| Funds | |||||
|---|---|---|---|---|---|
| At | Incoming | Resources | At | ||
| 01/04/2020 | Resources | Expended | Transfers | 31/03/2021 | |
| £ | £ | £ | £ | £ | |
| Unrestricted Funds: | |||||
| General Funds | (2,702) | 37,158 | (35,551) | 19,515 | 18,420 |
| ____ | ____ | ____ | ___ | ____ | |
| Restricted Funds: | |||||
| Restricted Income Funds: | |||||
| Play Rangers | 1,934 | - | - | - | 1,934 |
| Thumbs Up | 11,134 | 11,426 | (7,538) | (7,050) | 7,972 |
| Llandrindod Bibs | 822 | 250 | - | - | 1,072 |
| Multisensory Toys | 915 | - | - | (915) | - |
| Stay and Play | 42 | - | - | (42) | - |
| Youth Market | 148 | - | - | - | 148 |
| Cheeky Monkeys | 296 | - | - | (296) | - |
| Postcode Lottery | 1,487 | - | - | - | 1,487 |
| Wild Tots | 1,143 | - | - | (1,143) | - |
| Teen Summer | 1,356 | - | - | (1,356) | - |
| Playful Arts Project | 217 | - | - | (217) | - |
| Carm CCM – Community Cohesion | 1,087 | 1,183 | (473) | (899) | 898 |
| Comic Relief | 9,285 | - | (2,348) | (1,848) | 5,089 |
| Jazz Foundation | 500 | - | - | (500) | - |
| Moondance | - | 4,000 | (1,562) | - | 2,438 |
| Tesco Groundworks | - | 1,000 | - | - | 1,000 |
| WCVA | - | 30,558 | (15,581) | (4,139) | 10,838 |
| HMRC Job Retention Scheme | - | 15,725 | (15,725) | - | - |
| AWPO | - | 600 | (26) | (574) | - |
| Holiday Hunger | - | 5,000 | - | - | 5,000 |
| BBC | - | 9,844 | (1,433) | (1,003) | 7,408 |
| Multi Sensory | - | 838 | - | - | 838 |
| Town Council | - | 1,500 | - | - | 1,500 |
| Kitchen Equipment | - | - | - | 349 | 349 |
| Welsh Government | - | 25,000 | - | (4,783) | 20,217 |
| Play Hub Building Renovations | - | 1,740 | - | - | 1,740 |
| ___ | ___ | ___ | ___ | ___ | |
| 30,366 | 108,664 | (44,686) | (24,416) | 69,928 | |
| ___ | ___ | ___ | ___ | ___ | |
| Restricted Capital Funds: | |||||
| Big Lottery Funds - Building | 126,418 | - | - | - | 126,418 |
| Tesco - Play Fort | 6,000 | - | (750) | - | 5,250 |
| Thumbs Grant - Computers | 206 | - | (196) | (10) | - |
| Postcode Lottery - Play Fort | 5,493 | - | (687) | - | 4,806 |
| Stay and Play - Shed | 115 | - | (57) | - | 58 |
| Wild Tots -Barbecue Fire Pit | 150 | - | (75) | - | 75 |
| Play Sufficiency - Projector | 183 | - | (91) | - | 92 |
| Kitchen Equipment | 3,670 | - | (830) | (349) | 2,491 |
| Improvements to Building | 29,198 | - | - | - | 29,198 |
| Acoustic Equipment etc | 1,631 | - | (408) | - | 1,223 |
| Flooring | 5,383 | - | (1,346) | - | 4,037 |
| Building Extension | 50,501 | - | - | 4,783 | 55,284 |
| Clothworkers - Van | - | 14,000 | (3,500) | - | 10,500 |
| Lottery MG - Van | - | 6,000 | (1,500) | - | 4,500 |
| WCVA - Gazebo | - | - | (49) | 237 | 188 |
| BBC – Laptop | - | - | (80) | 240 | 160 |
| ___ | ___ | ___ | ___ | ___ | |
| 228,948 | 20,000 | (9,569) | 4,901 | 244,280 | |
| ___ | ___ | ___ | ___ | ___ | |
| Total Restricted Funds: | 259,314 | 128,664 | (54,255) | (19,515) | 314,208 |
| ___ | ___ | ___ | ___ | ___ | |
| Total Funds: | 256,612 | 165,822 | (89,806) | - | 332,628 |
| ___ | ___ | ___ | ___ | ___ |
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PLAY RADNOR
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
The purposes of Restricted income funds are as under:
Play Rangers - in house and outreach play sessions
Thumbs Up - weekly group for children with disabilities and their siblings - under 5's, 5 - 11 and over 12's Llandrindod Bibs - infant feeding group, supported by Play Radnor
Trust - multi-sensory toys
Stay and Play - Knighton and Llandrindod stay and play projects for parent/carers and children under 5 and has now ended in 2020. Youth Market - previous project that is not currently running
Cheeky Monkeys - previous project that is not currently running
Play Hub Building renovation - renovations and planned extension to the Hub Postcode Lottery - creation of new/refurbishment of outdoor area Wild Tots - outdoor sessions for children aged 0-3. This project has now ended. Teen Summer - previous project that is not currently running.
Playful Arts Project - funding from D’Oyly Carte Charitable Trust for project with young people aged 11+ Carm CCM Community Cohesion - intergenerational projects.
Comic Relief - early years projects for children aged 0-3 and their parent/carers. Jazz Foundation - funding for the purchase of play and sports equipment.
Moondance - Covid 19 funding for provision of activity bags for children, parents and carers. Tesco Groundworks - equipment and outdoor improvements WCVA - recovery fund for new posts including cleaner, playworkers and toy library. HMRC Job Retention Scheme - funding to cover wages during pandemic
All Wales Play Opportunity - annual grant that provides funding for various projects, PDO and core costs. Holiday Hunger – funding to provide play and healthy snacks during school holidays. Mud and Sticks - weekly outdoor group for children ages 0-3 and their parent/carers. Multi Sensory - funding for multi sensory resources. Llandrindod Wells Town Council - funding for tables, play equipment and resources. Welsh Government - funding for capital costs of extension.
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||
|---|---|---|---|
| Tangible | Net Current | ||
| Fixed Assets | Assets | Total | |
| £ | £ | £ | |
| Restricted Funds | 244,280 | 69,928 | 314,208 |
| Unrestricted Funds | 476 | 17,944 | 18,420 |
| __ | __ | __ | |
| 244,756 | 87,872 | 332,628 | |
| __ | __ | __ |
12. Trustees Remuneration and Expenses
No Trustees were reimbursed in the year for costs incurred in attending meetings and expenses incurred for volunteer work (2020 - £Nil). No costs were incurred in the year for meetings of the Executive Committee (2020 - Nil)
No Trustees were employed in the year. No other Trustee or any person connected with them has received or is due to receive any remuneration for the period directly or indirectly from the charity’s funds.
13. Taxation
Play Radnor is a registered charity and is therefore not liable to taxation.
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