OpenCharities

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

2021-03-31-accounts

Charity Registration No. 1025599

Company Registration No. 2692394 (England and Wales)

PLOT 10 COMMUNITY PLAY PROJECT

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

PLOT 10 COMMUNITY PLAY PROJECT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A B Stannard
C Cornford
Z L Bishop
F T Ngale
V S Burns
Charity number 1025599
Company number 2692394
Chief executive S Warren
Registered office 128 Chalton Street
London
NW1 1JD
Auditors Gerald Edelman LLP
73 Cornhill
London
EC3V 3QQ
Bankers National Westminster Bank
166 Camden High Street
London
NW1 0NW

PLOT 10 COMMUNITY PLAY PROJECT

CONTENTS

Page
Trustees' report 1 - 3
Statement of Trustees' responsibilities 4
Independent auditor's report 5
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 17

PLOT 10 COMMUNITY PLAY PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report and accounts for the year ended 31 March 2021.

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 Companies Act 2006 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) (effective 1 January 2019)“.

Objectives and activities

The objects of the charity are the relief of children and young persons resident or receiving full time education by providing or assisting in the provision of facilities to further their educational, physical, mental and spiritual development so that the conditions of their life may be improved. This is achieved by the provision of play and youth work services in the Somers Town area of the London Borough of Camden.

Plot 10 aims to provide a safe, affordable, creative environment in which the children of Somers Town can play and learn, free from racism, bullying and fear, whilst allowing their parents / carers to work or to learn.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the trust's aims and objectives and setting the targets and goals for the year ahead. It is the belief of the Trustees that the work carried out and the services provided by the project hugely benefit the play and education of children in the local area.

The Trustees would also like to say thank you to all our volunteers and an especially huge thank you to Sally Warren and all the staff team for their hard work and commitment to the children and the project. Without them Plot 10 would not be the special place it is today. The work they do with the children is absolutely brilliant.

All Trustees give of their time freely and no trustees remuneration or other benefits were paid in the year under review.

PLOT 10 COMMUNITY PLAY PROJECT

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance

Throughout 2020/2021, we continued to deliver quality provision to the highest level following the aims of Every Child Matters despite the ongoing pandemic. Plot 10 works to protect children and help them achieve what they want in life supporting them to:

Be Healthy Stay Safe Enjoy and Achieve Make a Positive Contribution and Achieve Economic Wellbeing

Our main achievement came during the national lockdown when the whole Play service worked jointly to help and support the families who usually attend our centres and those isolated and alone during this time.

Most of the staff were furloughed but we retained some staff who were not shielding and between us we provided a “Gardens for all “ scheme where families who had vulnerable children could book a time at the Project and visit the play area and play safely without coming in contact with other people .

The Play service, between us put together 500 play packs that were distributed to our families to alleviate the boredom and sense of isolation that the children were feeling.

We worked closely with one of the schools and a staff member was deployed at one point to work with their most vulnerable children to alleviate the pressure on the schools’ staff.

We came together as a community in order to help those in most need. We managed to get emergency funding to plug the income shortfall. However our key achievement was that we moved into our new premises in September 2020 which means the future of the charity will now be brighter and that much more sustainable.

A more detailed description of the activities of Plot 10 is available in the full Annual Report issued as a separate publication. This can be obtained directly upon request or from the website of the Charity Commission .

Financial review

The net expenditure for the year amounted to £3,793 (2020: Income £32,337).

During the year under review income totalled £218,466 (2020: £253,720). Grants receivable from London Borough of Camden to fund play centre activities amounted to £159,761 (2020: £186,596). Fee income charged to project users decreased by £42,678 (78%) to the sum of £12,224 due to the effects of the Coronavirus pandemic.

Total expenditure amounted to £222,259 (2020: £221,383). An analysis of the expenditure on play centre activities can be found in note 8 to the accounts. Salary costs remained broadly similiar at £192,395. There were no fundraising costs incurred in 2021 (2020: £17,883).

Due to the nature of the funding model it is difficult for the charity to build up significant reserves. The aim is to match expenditure against income on an annual basis. Any surplus arising is transferred to reserves for use against any future expenditure deficits. The reserves held at 31 March 2021 were £54,423.

In the year under review a deficit arose of £3,793. The local authority has confirmed funding to August 2024. This illustrates that the charity has a sustainable future serving the local community and is a going concern.

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.

PLOT 10 COMMUNITY PLAY PROJECT

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management

Plot 10 Community Play Project is a company limited by guarantee governed by its Memorandum and Articles of Association dated 28 February 1992. It is registered as a charity with the Charity Commission. The company does not have a share capital and the liability of it's members is limited to £1 each.

The trustees, who are also the directors for the purpose of company law, who served during the year were:A B Stannard

D Middleton (Resigned 1 January 2021) C Cornford Z L Bishop F T Ngale V S Burns

Persuant to the terms of its memorandum and articles of association the Board shall consist of a minimum of four and a maximum of eight Trustees.

The Trustees have the power to appoint new trustees at their discretion. All new Trustees are provided with sufficient background information regarding the charity's finances and activities in order to ensure they can carry out their role in a satisfactory and responsible manner. Training is provided if considered appropriate.

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of winding up.

The board of Trustees adminster the charity and meets at least three times a year. A Chief Executive is appointed by the Trustees to run the day to day operations of the charity. The Chief Executive has authority, delegated by the Trustees, for operational matters including finance, employment and the charity's core activities.

Auditors

Gerald Edelman LLP were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Disclosure of information to the Auditors

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

On behalf of the board of Trustees

..............................

A B Stannard

Trustee Dated: .........................

PLOT 10 COMMUNITY PLAY PROJECT

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2021

The Trustees, who are also the directors of Plot 10 Community Play Project for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

PLOT 10 COMMUNITY PLAY PROJECT

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF PLOT 10 COMMUNITY PLAY PROJECT

Opinion

We have audited the financial statements of Plot 10 Community Play Project (the ‘charity’) for the year ended 31 March 2021 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

PLOT 10 COMMUNITY PLAY PROJECT

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF PLOT 10 COMMUNITY PLAY PROJECT

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We planned our audit so that we have a reasonable expectation of detecting material misstatements in the financial statements resulting from irregularities, fraud or non-compliance with law or regulations.

PLOT 10 COMMUNITY PLAY PROJECT

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF PLOT 10 COMMUNITY PLAY PROJECT

The extent to which the audit was considered capable of detecting irregularities including fraud

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

Audit response to risks identified

Fraud due to management override

To address the risk of fraud through management bias and override of controls, we:

Irregularities and non-compliance with laws and regulations

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but are not limited to:

The test nature and other inherent limitations of an audit, together with the inherent limitations of any accounting and internal control system, mean that there is an unavoidable risk that even some material misstatements in respect of irregularities may remain undiscovered even though the audit is properly planned and performed in accordance with ISAs (UK). Furthermore, the more removed that laws and regulations are from financial transactions, the less likely that we would become aware of non-compliance.

Our examination should therefore not be relied upon to disclose all such material misstatements or frauds, errors or instances of non-compliance that might exist. The responsibility for safeguarding the assets of the company and for the prevention and detection of fraud, error and non-compliance with law or regulations rests with the tustees of Plot 10 Community Play Project.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

PLOT 10 COMMUNITY PLAY PROJECT

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF PLOT 10 COMMUNITY PLAY PROJECT

Hiten Patel (Senior Statutory Auditor) for and on behalf of Gerald Edelman LLP

23 December 2021 .........................

Chartered Accountants Statutory Auditor

73 Cornhill London EC3V 3QQ

PLOT 10 COMMUNITY PLAY PROJECT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Notes
Income
Donations
3
Grants receivable
4
Fees receivable
5
Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total charitable expenditure
Net (expenditure)/income for the year/
Net movement in funds
Fund balances at 1 April 2020
Fund balances at 31 March 2021		 2021
£
5,995
200,238
12,224
9
218,466
-
222,259
222,259
(3,793)
58,216
54,423		 2020
£
12,177
186,596
54,902
45
253,720
17,883
203,500
221,383
32,337
25,879
58,216

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

PLOT 10 COMMUNITY PLAY PROJECT

BALANCE SHEET

AS AT 31 MARCH 2021

2021
Notes
£
Fixed assets
11
Current assets
Debtors
12
21
Cash at bank and in hand
59,923
59,944
Creditors: amounts falling due within
one year
13
(13,951)
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds
The accounts were approved by the Board of Trustees on ..........................		 £
8,430
45,993
54,423
54,423
54,423		 2020
£
-
57,297
57,297
(5,166)		 £
6,085
52,131
58,216
58,216
58,216

.............................. A B Stannard

Trustee

Company Registration No. 2692394

PLOT 10 COMMUNITY PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Plot 10 Community Play Project is a private company limited by guarantee incorporated in England and Wales. The registered office is 128 Chalton Street, London, NW1 1JD.

1.1 Accounting convention

The accounts have been prepared in accordance with FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"("FRS102)", “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), the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2019. The charity is a Public Benefit Entity as defined by FRS102.

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 accounts have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

The accounts are prepared on a going concern basis which is dependent upon the continuing support of the London Borough of Camden. Grants from this source have been confirmed up to and including August 2024.

In light of the on going Coronavirus pandemic in the UK and the disruption that this has cause, the trustees have considered the impact that this could have on the charity's future prospects. In the year under review the charity was greatly affected by school closures which meant a lower attendance of the charity's 'after school' and 'before school' clubs. However, the charity took advantage of all government support available to them and closely monitored expenditure to ensure it was kept at a minimum while incomings were reduced. Since the year end things have returned to more normal conditions and do not believe there is significant risk to the long-term trading of the business.

The trustees have reviewed the charity's current cash position, and for a minimum period of at least 12 months from the date of approval of these financial statements, the charity will be able to meet its liabilities as and when they fall due.

Having made the appropriate enquiries, the trustees consider it appropriate to prepare the financial statements on the going concern basis.

1.3 Charitable funds

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

1.4 Incoming resources

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.

All other income is included on an accruals basis.

PLOT 10 COMMUNITY PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.5 Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All resources expended are accounted for on an accruals basis and the irrecoverable amount of VAT is included in the expense to which it relates.

Charitable activities costs comprise expenditure directly associated with the operation and development of the play centre plus other support costs.

Support costs include governance costs incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

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 20% on a 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 net income/(expenditure) for the year.

1.7 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.

1.8 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.

PLOT 10 COMMUNITY PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

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.

1.9 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.

1.10 Retirement benefits

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

1.11 Taxation

As a registered charity the Society is exempt from taxation on its activities which fall within the scope of Part 10 ITA 2007 and section 256 of the Taxation of Chargeable Gains Act 1992.

1.12 Amenities

The London Borough of Camden meets the lease charges on Agency premises and sites. The value of these amenities are not included in the Statement of Financial Activities.

1.13 Restricted funds

Restricted funds when receivable are subject to specific conditions by donors as to how they may be used.

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.

PLOT 10 COMMUNITY PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

3
4
5
6
7		 Donations
Fundraising
Grant receivable
Coronavirus Job Retention Scheme
London Borough of Camden
Fees Receivable
Fees receivable
Investments
Interest receivable
Raising funds
Fundraising and publicity
Seeking donations, grants and legacies		 2021
£
5,995		 2020
£
12,177
2021
£
40,477
159,761
200,238
2021
£
12,224
2021
£
9
2021
£
-
-		 2020
£
-
186,596
186,596
2020
£
54,902
2020
£
45
2020
£
17,883
17,883

PLOT 10 COMMUNITY PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

8 Charitable activities

Play centre operations
Staff costs
Premises overheads costs
Depreciation and impairment
Operating costs
Prior year provision written back
Support costs		 2021
£
192,395
12,391
1,746
8,890
-
215,422
6,837
222,259		 2020
£
184,706
9,505
1,941
17,230
(16,372)
197,010
6,490
203,500

Support costs includes payments to the auditors of £3,500 (2020 - £3,000) for audit fees.

9 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. No expenses were refunded to the Trustees in the year.

10 Employees

Number of employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other costs		 2021
Number
9
2021
£
179,725
11,868
802
192,395		 2020
Number
8
2020
£
170,147
12,001
2,558
184,706

PLOT 10 COMMUNITY PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

11 Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2020 52,394
Additions 4,091
At 31 March 2021 56,485
Depreciation and impairment
At 1 April 2020 46,309
Depreciation charged in the year 1,746
At 31 March 2021 48,055
Carrying amount
At 31 March 2021 8,430
At 31 March 2020 6,085
12 Debtors
2021 2020
Amounts falling due within one year: £ £
Prepayments and accrued income 21 -
13 Creditors: amounts falling due within one year
2021 2020
£ £
Other taxation and social security 4,636 1,470
Accruals 9,315 3,696
13,951 5,166
14 Financial instruments 2021 2020
£ £
Carrying amount of financial liabilities
Measured at amortised cost 9,315 3,696

PLOT 10 COMMUNITY PLAY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

15 Related party transactions

Remuneration of key management personnel

Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2021 2020
£ £
Aggregate compensation 42,124 43,641

There were no other disclosable related party transactions during the year (2020 - £nil).