**Charity Number: 1021896**
## **PLAY RADNOR**
**ANNUAL REPORT AND FINANCIAL STATEMENTS**
**YEAR ENDED 31 MARCH 2022**
**PLAY RADNOR ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2022**
||**CONTENTS**|
|---|---|
|Page||
|1 - 3|Report of the Trustees|
|4|Independent Examiner’s Report|
|5|Statement of Financial Activities|
||(including Income and Expenditure Account)|
|6|Balance Sheet|
|7 - 12|Notes to the Financial Statements|
**PLAY RADNOR**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
The Trustees present their report, together with the Financial Statements of the Charity for the year ended 31 March 2022.
## **OUR PURPOSE AND OBJECTIVES**
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**
This financial year Play Radnor has been instrumental in the re-establishment of play opportunities in the community as we moved out of the COVID-19 lockdowns. This started in early 2021 with Play Radnor providing over 300 activity bags for children in 7 locations around Radnorshire to help parents before play sessions were restarted.
There were many opportunities from May 2021 and throughout summer for us to provide outdoor activity days. These included daily sessions in Llandrindod as part of the HAF project ( Llandrindod Wells Working Together) and a Holiday Hunger project.
We also provided sessions in Llanbister, Brecon, Knighton, Dolau, Builth Wells, Presteigne, Rhayader, Knucklas and Presteigne. Some of the daily holiday sessions continued through the winter holidays as well. We were happy to be at the forefront of ensuring that children could get back together and play, and we worked in partnership with other local organisations so we could reach more children.
We were also able to welcome people back into the Play Hub towards the end of the summer restarted old and new activities including:
Mud and Sticks – Outdoor play for under 5s.
Inside/Outside – Under 5’s and parent/carers.
Messy Play – Under 5’s and parent/carers.
Stay and Play - Parent-led playgroup.
Thumbs Up Club - Inclusive activities for families who have a child with an additional learning need.
Llandrindod BIBs - Peer Support for breastfeeding mums
Thumbs Up Club continued to provide support for children and young people with a disability/ additional learning need, using outdoor sessions when needed, before returning to the Play Hub in September. Nikki Davies who established the group, and has managed it for 9 years, left her post to take up a new role, and trustees/staff were very sorry to see her leave. The work Nikki has done in making sure that many families have a way to connect and take part in activities with other families has been vital in Powys since Thumbs Up inception. We wish to thank Nikki for everything she has done. It is testimony to the work that Nikki did that Thumbs Up has the framework to continue now, with a new manager – Claire Bailey taking the reins and continuing the great work of this important group.
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.
Thanks to funding from the Third Sector Resilience Fund for Wales Phase 2 scheme, administered by WCVA, we were able to part fund the existing post of manager. We were also able to continue to fund an admin post, Anne Harrison continued in this role and she has been invaluable in providing support to Rachel and the organisation. In addition, we were also able to employ two new members of staff:
A ‘Hub Co-Ordinator’ - Nikki Jones. This post was instrumental in raising the profile of the Hub, networking with local organisations, relaunching the Toy Library and many other tasks involved in raising money from the use of the Hub. We also recruited a Finance Officer, Toni Howard, which has meant we have much better systems in place for reporting to funders and planning budgets.
We are confident that the new building, and the current staff structure will lead to a very bright future for Play Radnor/Chwarae Maesyfed .The trustees are very grateful for the work that has been done by the staff in a difficult period, and it is our view that we are in a stronger position now as an organisation than we were before the lockdown. We are all looking forward to the future, and celebrating our 30[th] anniversary in a refurbished community building.
This funding has also enabled us to improve our IT and start work on a new website to improve our online presence and enable welsh translation.
The trustees are very grateful for the work that has been done by the staff in a difficult period, and it is our view that we are in a stronger position now as an organisation than we were before the lockdown.
1
**PLAY RADNOR**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **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 continue to provide these opportunities.
Over the next year we will hope to complete the change to become a CIO, transferring our assets to the new organisation. This brings a number of benefits including protection for trustees from financial liabilities and the organisation being able to hold assets in its own name.
## **FINANCIAL REVIEW**
Total Incoming Resources in the year were £165,469 (2021 - £165,822). Expenditure was £153,626 compared to £89,806 for the previous year. Net income for the year was £11,843 compared to £76,016 for the previous year. The net movement in funds were net income for Restricted Funds of £4,699 (2021 - net income of £54,894) and net income for Unrestricted Funds of £7,144 (2021 - Net income £21,122) 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 5 of the report. The Principal Funding Sources are summarised in note 2 on page 8 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 (2021 - £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 2022 were £14,993 (31 March 2021 - £17,944) and the trustees have a strategy to build reserves through planned operating surpluses in future years.
2
**PLAY RADNOR**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Charity Name** Play Radnor **Charity Registration Number:** 1021896 **Charity Address:** The Play Hub Temple Street Llandrindod Wells Powys LD1 5HW **Trustees:** Owen Griffkin (Chair) Louise Bell Nicholas Tuffnell Gwawr Tuffnell **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:
- (a) select suitable accounting policies and then apply them consistently;
- (b) make judgements and estimates that are reasonable and prudent;
- (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
- (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 24 January 2023 signed on their behalf by:
Owen Griffkin Chair
3
**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 2022, which are set out on pages 5 to 12.
## **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:
- examine the accounts under section 145 of the 2011 Act;
- 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
- 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:
- (1) Which gives us reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- 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
- (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
4
**PLAY RADNOR**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022**
|**Note**
**INCOME**
Donations and Legacies
Charitable Activities
Other Trading Activities
Other Income
**TOTAL INCOME**
2
**EXPENDITURE**
Charitable Activities
**TOTAL EXPENDITURE**
3
**NET INCOME/(EXPENDITURE)**
**BEFORE TRANSFERS**
Transfers Betw een Funds
5
**NET INCOME/(EXPENDITURE) AND NET MOVEMENT IN**
**FUNDS FOR THE YEAR**
Total Funds Brought Forw ard
Total Funds Carried Forw ard|**Unrestricted**
**Funds**
**£**
825
3,831
3,735
35,943
44,334
34,857
34,857
9,477
(2,333)
7,144
18,420
25,564|**Restricted**
**Funds**
**£**
2,545
100,699
16,807
1,084
121,135
118,769
118,769
2,366
2,333
4,699
314,208
318,907|**Total**
**Total**
**Funds**
**Funds**
**Year Ended**
**Year Ended**
**31/03/2022**
**31/03/2021**
**£**
**£**
3,370
650
104,530
151,089
20,542
11,145
37,027
2,938
165,469
165,822
153,626
89,806
153,626
89,806
11,843
76,016
-
-
11,843
76,016
332,628
256,612
344,471
332,628|
|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuing activities.
The notes on pages 7 to 12 form an integral part of these Financial Statements.
5
## **PLAY RADNOR BALANCE SHEET AT 31 MARCH 2022**
|**Note**
**FIXED ASSETS**
Tangible Assets
6
**CURRENT ASSETS**
Debtors
7
Cash at Bank and In Hand
**LIABILITIES**
Creditors falling due w ithin one year
8
**NET CURRENT ASSETS**
**NET ASSETS**
11
**THE FUNDS OF THE CHARITY**
General Funds
Restricted Funds
**TOTAL FUNDS**
11|**£**
**£**
**£**
**£**
301,678
244,756
301,678
244,756
29,115
6,741
16,887
89,311
46,002
96,052
(3,209)
(8,180)
42,793
87,872
344,471
332,628
25,564
18,420
318,907
314,208
344,471
332,628
**2022**
**2021**|**£**
**£**
**£**
**£**
301,678
244,756
301,678
244,756
29,115
6,741
16,887
89,311
46,002
96,052
(3,209)
(8,180)
42,793
87,872
344,471
332,628
25,564
18,420
318,907
314,208
344,471
332,628
**2022**
**2021**|
|---|---|---|
||||
|||332,628|
|||18,420
314,208|
|||332,628|
Approved by the Trustees on 24 January 2023 and signed on their behalf by:
Owen Griffkin Chairman
The notes on pages 7 to 12 form an integral part of these Financial Statements
6
**PLAY RADNOR**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **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).
## **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.
## **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 **.**
## **Incoming Resources**
Incoming resources 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 have been included in the Income and Expenditure Account at a reasonable estimate of their value and capitalised where appropriate.
## **Resources Expended**
Resources expended are accounted for on an accruals basis inclusive of VAT which cannot be recovered.
Expenditure is directly attributable to specific activities and has been included in cost categories of costs of generating funds, charitable expenditure provision of hospice and governance of the Charity.
Where costs cannot be directly attributed to these categories in respect of administration expenses, it is estimated based on activity levels that 90% of these costs are attributable to direct charitable expenditure and 10% to governance.
## **Tangible Fixed Assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold Property No deprecation Play Fort 10% on cost Equipment, Fixtures and Fittings 20% on cost Computer Equipment 33.33% on cost Motor Vehicles 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.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
## **Cash at Bank and in Hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors and Provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Accounting for Separate Funds**
The financial statements of a charity must differentiate between restricted and unrestricted funds.
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. Designated funds are income funds of the Charity which have been set aside for specific purposes, less amounts expended for these purposes. Unrestricted funds are all the other funds of the charity.
7
**PLAY RADNOR**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **2 INCOME**
|**INCOME**
**Donations and Legacies:**
Donations
**Income from Charitable Activities:**
Grants Receivable
**Other Trading Activities:**
Fundraising Income
Charity Shop
Service Contracts
Hall Hire
**Other Income:**
Sundry Receipts
Recharge of Wages to Play Radnor / Chw arae Maesyfed
Recharge of Costs to Play Radnor / Chw arae Maesyfed
Investment Income
Profit on Disposal of Vehicle
**TOTAL INCOME**
**GRANTS**
**Grants received in the year were as under:**
Children In Need
WCVA: Third Sector Resilience Fund for Wales Phase 2
Community Foundation Wales
Carmarthenshire County Council
Pow ys County Council
Woodw ard Trust
Welsh Government
National Lottery Aw ards for All
Clothw orkers
Moondance
BBC
Tesco Groundw orks
HMRC
PSF
Leeds Building Society
Llandrindod Wells Tow n Council
Bernard Sunley Foundation
Hedley Foundation
B & Q Foundation|**Unrestricted**
**Funds**
**£**
825
825
3,831
3,831
693
1,031
34
1,977
3,735
299
16,895
18,749
-
-
35,943
44,334
**Unrestricted**
**Funds**
**£**
-
-
-
-
3,831
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,831|**Restricted**
**Funds**
**£**
2,545
2,545
100,699
100,699
-
-
16,807
-
16,807
1,084
-
-
-
-
1,084
121,135
**Restricted**
**Funds**
**£**
-
56,575
6,600
-
-
-
-
9,995
-
-
10,546
-
483
-
-
-
10,000
1,500
5,000
100,699|**Total Funds**
**Total Funds**
**Year Ended**
**Year Ended**
**31/03/2022**
**31/03/2021**
**£**
**£**
3,370
650
3,370
650
104,530
151,089
104,530
151,089
693
-
1,031
-
16,841
10,882
1,977
263
20,542
11,145
1,383
2,187
16,895
-
18,749
-
-
1
-
750
37,027
2,938
165,469
165,822
**Year Ended**
**Year Ended**
**31/03/2022**
**31/03/2021**
**£**
**£**
-
9,844
56,575
30,558
6,600
5,000
-
1,183
3,831
24,015
-
1,000
-
25,000
9,995
6,000
-
14,000
-
4,000
10,546
11,176
-
1,000
483
15,725
-
250
-
838
-
1,500
10,000
-
1,500
-
5,000
-
104,530
151,089|
|---|---|---|---|
8
**PLAY RADNOR**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2022**
## **3 EXPENDITURE**
|**EXPENDITURE**
**Charitable Activities:**
**Costs Directly Allocated to Activities:**
Salaries, National Insurance and Pension
Staff Expenses
Staff Training
Insurances
Light and Heat
Repairs and Renew als
Printing, Postage and Stationery
Promotion and Publicity
Telephone and Internet
Computer and Softw are
Vehicle Expenses
Legal and Professional
Payroll Fees
Bank Charges
Cleaning and Waste Disposal
Toys, Equipment and Play Resources
Activities and Events
General Running Costs
Depreciation
Interest on Overdue PAYE/NI
Transfer of Grants to Play Radnor / Chw arae Maesyfed
Governance Costs (See below )
**Analysis of Governance Costs**
Salaries, National Insurance and Pension
Telephone and Internet
Printing, Postage and Stationery
Accountancy
Independent Examiner’s Fee|**Unrestricted**
**Funds**
**£**
23,501
60
60
2,057
1,713
543
223
-
604
6
904
-
805
138
513
392
-
109
209
-
-
3,020
34,857
528
67
25
2,100
300
3,020|**Restricted**
**Funds**
**£**
69,241
54
80
-
-
3,351
256
122
27
65
308
-
-
-
-
2,762
15,210
-
8,651
-
16,816
1,826
118,769
1,794
3
29
-
-
1,826|**Total Funds**
**Total Funds**
**Year Ended**
**Year Ended**
**31/03/2022**
**31/03/2021**
**£**
**£**
92,742
56,640
114
-
140
389
2,057
1,976
1,713
1,438
3,894
685
479
233
122
235
631
564
71
159
1,212
1,017
-
201
805
990
138
84
513
306
3,154
190
15,210
10,309
109
498
8,860
9,787
-
6
16,816
-
4,846
4,099
153,626
89,806
2,322
1,970
70
63
54
26
2,100
1,740
300
300
4,846
4,099|
|---|---|---|---|
|**4**
**STAFF COSTS**
Wages and Salaries
Staff Pension Costs
Average number of employees|**2022**
**2021**
**£**
**£**
94,084
57,942
980
668
95,064
58,610
11
7|
|---|---|
9
**PLAY RADNOR**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
|**5**
**TRANSFER BETWEEN FUNDS**
**The transfer between funds in the year are:**
Transfer of Core costs from Unrestricted Funds to Restricted Funds
Transfer of Restricted Costs from Restricted Funds to Unrestricted Funds|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
(3,402)
3,402
1,069
(1,069)
(2,333)
2,333|
|---|---|
|**6**
**TANGIBLE FIXED ASSETS**
**Cost or Revaluation**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for year
On Disposals
At 31 March 2022
**Carrying Amount**
At 31 March 2022
At 31 March 2021|**Freehold**
**Buildings**
**£**
225,267
64,205
289,472
4,311
1,437
-
5,748
283,724
220,956|**Equipment,**
**Fixtures**
**and Fittings**
**£**
14,417
-
14,417
6,064
2,952
-
9,016
5,401
8,353|**Computer**
**Equipment**
**£**
2,053
1,577
3,630
1,721
692
-
2,413
1,217
332|**Motor**
**Vehicles**
**Total**
**£**
**£**
20,154
261,891
-
65,782
20,154
327,673
5,039
17,135
3,779
8,860
-
-
8,818
25,995
11,336
301,678
15,115
244,756|
|---|---|---|---|---|
## **7 DEBTORS**
|**7**
Amount Due from Play Radnor / Chw arae Maesyfed
**8**
**DEBTORS**
Other Creditors
Accruals
Tax and Social Security Costs
Other Debtors
Prepayments
**CREDITORS: Amounts falling due within one year**|**2022**
**2021**
**£**
**£**
110
903
28,305
-
700
5,838
29,115
6,741
**2022**
**2021**
**£**
**£**
408
2,810
2,220
2,040
581
3,330
3,209
8,180|
|---|---|
10
**PLAY RADNOR**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **9 UNRESTRICTED FUNDS**
|**UNRESTRICTED FUNDS**
**Unrestricted Funds:**
General Funds
Total Unrestricted Funds
**RESTRICTED FUNDS**
**Restricted Income Funds:**
Tow n Council
Kitchen Equipment
Play Hub Renovations
Building Extension
Holiday Hunger
Thumbs Up
Tesco Groundw orks
WCVA
Community Cohesion
Llandrindod Bibs
BBC
Multi Sensory
Comic Relief
Hedley - Art Equipment
HAF
Moondance Foundation
Job Retention Scheme
Play Rangers
Youth Market
Postcode Lottery
TUP Friends
WCVA 2
Lantern Workshop
**Restricted Capital Funds:**
Big Lottery - Building
Play Fort
Shed
Barbeque Fire Pit
Projector
Kitchen Equipment
Improvements to Building
Acoustic Equipment etc
Flooring
Building Extension
Van
Gazebo
Laptop (2021)
Laptops
Total Restricted Funds|**At**
**01/04/2021**
**£**
18,420
18,420
**At**
**01/04/2021**
**£**
1,500
349
1,740
20,217
5,000
7,972
1,000
10,838
898
1,072
7,408
838
5,089
-
-
2,438
-
1,934
148
1,487
-
-
-
69,928
126,418
10,056
58
75
92
2,491
29,198
1,223
4,037
55,284
15,000
188
160
-
244,280
314,208
|**Income**
**£**
44,334
44,334
**Incoming**
**Resources**
**£**
-
-
-
-
-
11,630
-
-
-
-
-
-
-
1,500
16,807
-
483
-
-
-
2,185
56,575
360
89,540
-
-
-
-
-
-
-
-
-
31,595
-
-
-
-
31,595
121,135|**Expenditure**
**£**
(34,857)
(34,857)
**Outoing**
**Resources**
**£**
(1,352)
-
-
-
(5,000)
(12,197)
(604)
(12,830)
(898)
(1,072)
(7,408)
-
(1,870)
-
(15,283)
(2,438)
(483)
(865)
-
(1,487)
-
(46,046)
(285)
(110,118)
-
(1,437)
(58)
(75)
(92)
(830)
-
(408)
(1,346)
-
(3,750)
(49)
(80)
(526)
(8,651)
(118,769)|**Transfers**
**£**
(2,333)
(2,333)
**Transfers**
**£**
-
(349)
(1,740)
(20,217)
-
-
-
2,875
-
-
-
-
-
-
-
-
-
(1,069)
-
-
-
(1,050)
-
(21,550)
-
-
-
-
-
-
-
-
-
22,306
-
-
-
1,577
23,883
2,333|**At**
**31/03/2022**
**£**
25,564|
|---|---|---|---|---|---|
||||||25,564|
||||||**At**
**31/03/2022**
**£**
148
-
-
-
-
7,405
396
883
-
-
-
838
3,219
1,500
1,524
-
-
-
148
-
2,185
9,479
75|
||||||27,800|
||||||126,418
8,619
-
-
-
1,661
29,198
815
2,691
109,185
11,250
139
80
1,051|
||||||291,107|
||||||318,907|
## **10 RESTRICTED FUNDS**
11
**PLAY RADNOR**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
The purposes of Restricted Income Funds are as under:
|Llandrindod Wells Town Council|- funding for tables, play equipment and resources.|
|---|---|
|Building Extension|- funding for capital costs of extension.|
|Holiday Hunger|- funding to provide play and healthy snacks during school holidays.|
|Thumbs Up|- weekly group for children with disabilities and their siblings.|
|Tesco Groundworks|- funding for equipment and outdoor improvements.|
|WCVA|- recovery fund for new posts including cleaner, playworkers and toy library.|
|Community Cohesion|- intergenerational projects.|
|Llandrindod Bibs|- infant feeding group, supported by Play Radnor.|
|BBC (Mud and Sticks)|- weekly outdoor group for children ages 0-3 and their parent/carers.|
|Multi Sensory|- funding for multi sensory resources.|
|Comic Relief|- early years projects for children aged 0-3 and their parent/carers.|
|Hedley Art Equipment|- funding for art equipment and resources for new art room.|
|HAF|- provision of play sessions during the summer holidays and administrative and|
||managerial support for summer coordinator.|
|Moondance|- Covid 19 funding for provision of activity bags for children, parents and carers.|
|HMRC Job Retention Scheme|- funding to cover wages during pandemic.|
|Play Rangers|- in house and outreach play sessions.|
|Youth Market|- previous project that is not currently running.|
|Postcode Lottery|- creation of new/refurbishment of outdoor area.|
|TUP Friends|- fundraising by parents/carers of children attending TUP.|
|WCVA 2|- funding for new and existing posts, IT and website development.|
|Lantern Workshop|- funding for provision of two lantern workshops.|
## **11 ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Unrestricted Funds - General Funds
Restricted Funds
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**|**Tangible**
**Fixed**
**Assets**
**£**
10,571
291,107
301,678|**Net**
**Current**
**Assets**
**Total**
**£**
**£**
14,993
25,564
27,800
318,907
42,793
344,471|
|---|---|---|
## **12 TRUSTEES REMUNERATION AND EXPENSES**
No Trustees were reimbursed in the year for costs incurred in attending meetings and expenses incurred for volunteer work (2021 - £Nil). No costs were incurred in the year for meetings of the Executive Committee (2021 - 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.
12