**COMPANY REGISTERED NO: 01712322**
**NEWARK PLAY ASSOCIATION LIMITED CHARITY COMMISSION REGISTERED NO: 1026751**
## **STATEMENT OF ACCOUNTS**
**for the year ended 31 March 2023**
**NEWARK PLAY ASSOCIATION LIMITED**
## **Contents Page**
## **for the year ended 31 March 2023**
## **INDEX**
|Legal and Administrative Information|1|
|---|---|
|Trustees' Annual Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 14|
**NEWARK PLAY ASSOCIATION LIMITED**
## **Legal and Administrative Information**
## **for the year ended 31 March 2023**
## **Registered office**
Hill Close Off Reeves Way Peterborough PE1 5LZ
## **Directors and Trustees**
Mrs. J. Curphey Chair of trustees Mr. R. Brown Treasurer Mr. S. Milford Miss. L. Sachse Mrs. R. L. Scotten Mrs. C. Butler
Retired 3 July 2023
## **Independent Examiner**
K J Maggs F.C.A. Hoekman Way Spalding Lincs PE11 3HE
## **Bankers**
Barclays Bank Plc 1 Church Street Peterborough PE1 1XE
## **Solicitors**
Buckles Solicitors LLP Grant House 101 Bourges Boulevard Peterborough PE1 1NG
Page: 1
**NEWARK PLAY ASSOCIATION LIMITED**
## **Trustees' Annual Report**
## **for the year ended 31 March 2023**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023.
## **Structure, governance, management and objectives**
The charity is constituted by its governing document, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The company is also a registered charity with the Charity Commission and it's registration number is 1026751.
The principal activities of the charitable company during the year was that of providing play facilities for the children of Peterborough.
The charity's objects are specifically restricted to providing and securing the provision of facilities and services for play, recreation and the advancement of education, especially but not exclusively through leisure time activities, for children resident in Peterborough in the county of Cambridgeshire, being facilities and services of which such children have need by reason of their youth or social and economic circumstances which will improve the conditions of life for such children by:
1. Promoting their physical, mental and spiritual wellbeing;
2. Advancing or assisting in the continued development of children's capabilities, competencies, skills and understanding;
3. Affording opportunities for adventure and enterprise; and
4. Affording opportunities for play-based learning to children below statutory school age.
## **Achievements and public benefit**
New Ark Play Association Ltd (New Ark) welcomes children from all over Peterborough to their facilities, which include a traditional adventure playground, an eco-garden and a city farm. Children can attend New Ark’s parent/carer and toddler group, preschool, play support service, and after-school and holiday clubs. The charity believes every child has a right to play. Play is a child’s natural way of learning about the world, themselves and other people. Children need play opportunities that encourage exploration, adventure and enterprise. Having enough time and space for play increases children’s health and happiness. Play makes life more interesting and fun. At New Ark, children can enjoy all kinds of play, safely under adult supervision, indoors and out, all year round.
**Adventure Playground** - Many of the structures in our traditional adventure playground were handmade on site, using traditional building materials and discarded industrial parts. Children can explore risk in a controlled environment, supervised by professional play-workers who know when to let children work things out for themselves and when to help out. Children get lots of exercise, fresh air and contact with the natural world and all the benefits of play.
**City Farm -** New Ark has a variety of animals and birds on their city farm and children learn how to handle and care for them under the supervision of staff. Supporters can sponsor an animal and there are volunteering opportunities for young people and adults of all ages and abilities. New Ark provides enrichment activities for Duke of Edinburgh and Princes Trust, educational group and 1:1 sessions, placements to animal care students, and delivers animal care courses to the local colleges. They also offer social mornings for adults with additional needs, social prescribing sessions for adults, plus group and family visits, and children’s parties.
**Eco Centre -** The Eco Centre with its woodland area, sensory garden and small orchard enables children to observe the life cycles of wild creatures. They also learn to appreciate the colours, shapes and scents of plants. The area contains both purpose-built and loose natural play structures, which are generally suitable for younger children.
The charity keeps charges as low as possible for its users to ensure that a lack of money does not prevent children from enjoying their facilities.
Page: 2
**NEWARK PLAY ASSOCIATION LIMITED**
## **Trustees' Annual Report (continued)**
## **for the year ended 31 March 2023**
## **Achievements and public benefit (continued)**
The charity is members of: Early Years Alliance.
Ofsted reported in 2021 that;
_Children who attend New Ark are confident, articulate and friendly. They enjoy participating in a wide range of activities available to them at this unique provision. For example, they learn about animal care at the on-site farm, nature and exploration at the Eco centre and managing risks on play equipment in the extensive outdoor area. Parents also appreciate how much these activities benefit all aspects of their children’s development._
_Staff respect children's feelings, voices and choices. Children regulate their own behaviour and manage risks well. They learn to take turns and to consider others. Children demonstrate a positive attitude to learning, which will support them well when they move on to school. They are eager to interact with each other and adults. Consequently, they develop their communication and language skills well._
_Staff have a clear knowledge about what each child can do and what they need to learn next. The curriculum is planned so that each child enjoys rich learning opportunities and makes good progress in their learning and development. This is testified by parents._
_Children show good physical skills as they navigate the obstacle course outside. They are able to balance on wooden blocks, climb, slide, and jump a given number of times on the small trampoline. Staff effectively support those children who require extra support. They work well with parents and other professionals to ensure that children fulfil their potential._
## **Induction of new trustees**
The charity may, by ordinary resolution, appoint a person who is willing to be a Trustee. All Trustee's give their time voluntarily and received no benefits from the charity. New trustees are introduced via parents and friends. They are invited to meetings and enter into a trial period prior to appointment. DBS checks are performed on all trustees.
## **Day to Day Management**
The Trustees have delegated the day to day management of the association to the New Ark Manager. The Trustees maintain an overview of the various activities.
## **Financial review**
The results for the financial year are shown on pages 5 and 6 along with supporting notes from page 8 to 14.
As at 31 March 2023, Unrestricted Reserves held were £44,126 (2022 - £52,307) and Restricted Reserves held were £1,531 (2022 - £1,608).
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **Volunteers**
The charity's 'farm' provides courses and visits to the local college and schools. Due to the existence of livestock the charity relies upon volunteers to look after and care for the animals. Volunteers are used on the 'farm' on a daily basis equating to approximately 30 hours per week, i.e. approximately 1,600 hours per annum. The charity also provides work experience places in conjunction with the local college which contributes to the overall level of public benefit provided by the Association. All volunteers go through the child protection policies of the charity.
Page: 3
**NEWARK PLAY ASSOCIATION LIMITED**
**for the year ended 31 March 2023**
**Trustees' Annual Report (continued)**
## **Reserves policy**
The charity receives early years funding for children from two years of age. Income is also generated through preschool, after-school and holiday club subscriptions and fees charged for group and 1:1 visits and educational sessions. New Ark participates in the Holiday Activities and Food (HAF) programme which is funded by Peterborough City Council. Play Support Service placements are funded by local schools. Additional funding is sourced through grant applications and fundraising activities and fundraising events.
The trustees are continually seeking more income resources to grow the business and maintain the minimum level of reserves required.
The trustees believe that the charity should have four months of overheads to enable the transfer of the site to the Local Education Authority and ensure all of the children are provided with suitable replacement care. This currently amounts to approximately £68,000 which is in deficit of the current funds held. The charity needs to try and build these reserves so that they can ensure the long term future.
## **Trustees Responsibilities**
The trustees are responsible for preparing the trustees' annual 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
FOR AND ON BEHALF OF THE TRUSTEES
**Mrs. J. Curphey** Chair of trustees
Date: **13 November 2023**
Page: 4
**Independent Examiner's Report to the Trustees of NEWARK PLAY ASSOCIATION LIMITED**
I report to the charity on my examination of the accounts of the charity for the year ended 31 March 2023, which are set out on pages 5 to 14.
## **Respective responsibilities of trustees and examiner**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records, or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
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.
**K.J. Maggs** B.A., F.C.A. Chartered Accountant Spalding
Date: **26 November 2023.**
Page: 5
## **NEWARK PLAY ASSOCIATION LIMITED**
## **Statement of Financial Activities (including income and expenditure account)**
## **for the year ended 31 March 2023**
**----- Start of picture text -----**
2023 2022
Unrestricted Restricted
Note funds funds Total Total
£ £ £ £
INCOME
Grants Receivable 12,313 103,367 115,680 104,016
Donations and gifts 7,464 - 7,464 8,326
Charitable activities 71,029 - 71,029 44,339
Interest receivable 572 - 572 12
Total income 2 91,378 103,367 194,745 156,693
EXPENDITURE
Direct Charitable Expenditure
Playground 17,728 - 17,728 22,396
Playgroup - 57,202 57,202 56,365
Other 67,173 31,840 99,013 93,243
Total Direct Charitable Expenditure 3 84,901 89,042 173,943 172,004
Other expenditure
Administration 4
Salaries and pensions 50% 10,954 10,954 21,908 21,008
Independent examination 50% 642 642 1,284 1,184
Accountancy costs 50% 925 925 1,850 746
Professional Fees 50% 381 381 762 1,023
Subscriptions and licences 50% 365 365 730 969
Fundraising expenses 50% 233 233 466 81
Bank and payroll processing charges 50% 1,030 1,030 2,060 1,344
Total Other Expenditure 14,530 14,530 29,060 26,355
Total Expenditure 99,431 103,572 203,003 198,359
Net expenditure (8,053) (205) (8,258) (41,666)
Transfers 10 (128) 128 - -
Net expenditure after transfers (8,181) (77) (8,258) (41,666)
Fund balances brought forward 52,307 1,608 53,915 95,581
Total funds carried forward 10 44,126 1,531 45,657 53,915
**----- End of picture text -----**
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.
The notes on pages 8 to 14 form a part of these accounts.
Page: 6
**NEWARK PLAY ASSOCIATION LIMITED**
## **Balance Sheet**
## **at 31 March 2023**
**----- Start of picture text -----**
2023 2022
Unrestricted Restricted
Note Funds Funds Total Total
£ £ £ £
Fixed assets
Tangible fixed assets 7 12,126 - 12,126 14,834
Current assets
Debtors 8 7,340 - 7,340 3,413
Cash at bank 29,981 1,531 31,512 53,258
37,321 1,531 38,852 56,671
Creditors:
Amounts falling due within one year 9 5,321 - 5,321 17,590
Net current assets 32,000 1,531 33,531 39,081
Total assets less current liabilities 44,126 1,531 45,657 53,915
Funds 10
Unrestricted 44,126 - 44,126 52,307
Restricted - 1,531 1,531 1,608
44,126 1,531 45,657 53,915
**----- End of picture text -----**
The trustees are satisfied that the charity is entitled to exemption from audit of the financial statements for the year under Section 477 of the Companies Act 2006 (the Act) relating to small companies and that the members have not required the company to obtain an audit in accordance with Section 476.
The trustees acknowledge their responsibilities for:
- (i) ensuring that the charity keeps proper accounting records which comply with section 386 of the Act, and
- (ii) preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 396, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the charity.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standards applicable in the UK and Republic of Ireland'.
These financial statements were approved by the Trustees on **14 November 2023** and are signed on their behalf by:
## **Mr. R. Brown**
Treasurer
## _**Company Registered No: 01712322**_
The notes on pages 8 to 14 form a part of these accounts.
Page 7
**NEWARK PLAY ASSOCIATION LIMITED Notes to the Financial Statements**
**for the year ended 31 March 2023**
## **1. Accounting policies**
## **Basis of Preparation of Financial Statements**
Newark Play Association Limited is company limited by guarantee registered in England and Wales. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office of the charity is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are to provide play facilities for the children of member families.
The charity constitutes a public benefit entity as defined by FRS 102. 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) Section 1A, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **Cashflow Statement**
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard 102, section 1A.
## **Fixed assets**
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Leasehold buildings 10 years straight line Fixtures and Fittings 15% straight line Plant and Equipment 25% reducing balance
## **Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes with the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Page: 8
**NEWARK PLAY ASSOCIATION LIMITED**
**Notes to the Financial Statements (continued)**
## **for the year ended 31 March 2023**
## **1. Accounting policies (continued)**
## **Resources expended**
Expenditure is included in the statement of financial activities on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Where expenditure cannot be directly attributed to particular headings they have been allocated on an estimated proportion of the cost relating to each project or activity undertaken by the charity. In each case this proportion is shown next to the costs.
## **Allocation and apportionment of costs**
Charitable expenditure comprises those costs incurred by the charity in the delivery of it's activities and services for its beneficiaries.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examiners fees and costs linked to the strategic management of the charity. These are within administration costs.
Support costs include all those overhead costs for utility services, and other services and costs, which are in support of the activity. They have been allocated to activity cost categories on a basis consistent with the use of resources. These are within administration costs.
## **Pension costs**
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity The annual contributions payable are charged to the Statement of Financial Activity.
## **Operating lease agreements**
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against or credited to profits on a straight line basis over the period of the lease.
## **Taxation**
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
## **Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Page: 9
**NEWARK PLAY ASSOCIATION LIMITED**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 March 2023**
## **2. Incoming Resources**
|**Grants received**
Peterborough County Council
Institutional grants
Annual employment allowance
**Donations and gifts**
Fundraising events
Donations and gifts
**Charitable activities**
Nursery fees
After school and holiday clubs
Support Service
Farm and Gardens
Other income
**Interest receivable**
Bank Interest
**Direct Charitable Expenditure**
**Salaries and pensions**
Playground
0%
Playgroup
Actual
Cleaner
50%
Farm
35%
Support
Actual
Pension
Actual
**Other Expenses**
Playgroup / Playground
Actual
Farm
35%
Health and safety
50%
Rent and rates
75%
Insurance
75%
Electricity
75%
Repairs and maintenance
50%
IT support and costs
50%
Postage, Stationery and
Printing
50%
Telephone and Internet
75%
Waste disposal
75%
Cleaning materials
50%
Pest control
50%
Sundry expenses
50%
Depreciation
50%|**£**
-
8,500
3,813
2,547
4,917
3,257
34,744
11,314
11,958
9,756
572
91,378
**£**
17,337
-
6,379
14,135
35,212
1,608
687
1,448
637
1,108
1,220
1,188
505
297
111
448
349
67
100
513
1,552
84,901
**Unrestricted**
**Funds**
**Unrestricted**
**Funds**|**Restricted**
**Funds**
**£**
102,180
-
1,187
-
-
-
-
-
-
-
-
103,367
**Restricted**
**Funds**
**£**
-
56,515
6,380
7,611
-
585
445
780
637
3,325
3,660
3,565
505
297
111
1,344
1,048
68
100
514
1,552
89,042
**2023**
**2023**|**Total**
**£**
102,180
8,500
5,000
2,547
4,917
3,257
34,744
11,314
11,958
9,756
572
194,745
**Total**
**£**
17,337
56,515
12,759
21,746
35,212
2,193
1,132
2,228
1,274
4,433
4,880
4,753
1,010
594
222
1,792
1,397
135
200
1,027
3,104
173,943|2022
Total
£
98,516
1,500
4,000
19
8,307
12,523
19,871
7,390
4,310
245
12
156,693
2022
Total
£
21,427
54,531
9,804
27,208
21,423
1,834
3,084
2,187
801
3,493
4,883
12,692
777
453
684
875
857
721
538
505
3,227
172,004|
|---|---|---|---|---|
## **3. Direct Charitable Expenditure**
Page: 10
**NEWARK PLAY ASSOCIATION LIMITED**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 March 2023**
## **4. Administration costs**
The costs of administration have been allocated between funds based on the percentages shown on the Statement of Financial Activities.
## **5. Employee emoluments**
|Salaries
Social security costs
There are no employees who received emoluments exceeding £60,000
Average number of employees during the year
Employer's contribution to defined contribution pension scheme|**2023**
**£**
157,827
7,650
2,193
167,670
**2023**
14|2022
£
149,236
6,165
1,834
157,235
2022
13|
|---|---|---|
## **6. Related Party Transactions**
Trustee remuneration for the year was £nil (2022 - £nil).
No refund of expenses incurred in relation to charitable activities in the year (2022, nil).
## **7. Tangible fixed assets**
|**Cost**
Brought forward at 31 March 2022
Additions
Carried forward at 31 March 2023
**Depreciation**
Brought forward at 31 March 2022
Charge for the year
Carried forward at 31 March 2023
**Net book value**
At 31st March 2022
At 31st March 2021
**8. Debtors**
Debtors
Prepayments and accrued income|**Leasehold**
**& Freehold**
**Buildings**
**£**
65,817
-
65,817
55,687
1,649
57,336
8,481
10,130|**Fixtures**
**and**
**Fittings**
**£**
29,292
-
29,292
26,062
1,086
27,148
2,144
3,230|**Plant and**
**Equipment**
**£**
10,407
396
10,803
8,933
369
9,302
1,501
1,474
**2023**
**£**
5,938
1,402
7,340|**Total**
**£**
105,516
396
105,912
90,682
3,104
93,786
12,126
14,834
2022
£
2,370
1,043
3,413|
|---|---|---|---|---|
Page: 11
**NEWARK PLAY ASSOCIATION LIMITED**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 March 2023**
## **9. Creditors**
|Trade creditors
Taxation and Social security
Other creditors
Accruals
Deferred Income|**2023**
**£**
375
1,419
888
2,467
172
5,321|2022
£
2,058
1,233
355
2,726
11,218
17,590|
|---|---|---|
## **10. Funds**
|**2023**
**Unrestricted funds**
General fund
**Restricted funds**
Early Years Learning
Farm shed
Sensory Room
**Total funds**|**At 31 March**
**2022**
**£**
52,307
-
500
1,108
1,608
53,915|**Incoming**
**Resources**
**£**
91,378
102,944
-
423
103,367
194,745|**Outgoing**
**Resources**
**£**
(99,431)
(103,572)
-
-
(103,572)
(203,003)|**£**
(128)
628
(500)
-
128
-
**Adjustments**
**/ Transfers**|**At 31 March**
**2023**
**£**
44,126
-
-
1,531
1,531
45,657
|
|---|---|---|---|---|---|
The Early Years Learning funds are received for the purposes of proving Early Years Learning. The charity has been required to use core funding to enable it provide the activities.
The farm shed funds were provided for the acquisition of and the construction of a shed for the farm. The shed had been acquired at a cost of £396 and installed with a cost of over £100, therefore the restriction had been properly applied. Once the relevant element has been completed the funds are no longer restricted.
The Sensory Room funds were raised towards funding of room designed to help an individual with sensory issues learn to regulate their brain’s negative reactions to external stimuli by developing coping skills for these experiences. The funds raised to date have been designated for this purpose and cannot be used for any other activity without prior consent.
|The funds are constituted as follows:
Fixed assets
Debtors
Cash at bank and in hand
Creditors|**Unrestricted**
**Funds**
**£**
12,126
7,340
29,981
(5,321)
44,126|**Restricted**
**Funds**
**£**
-
-
1,531
-
1,531
**2023**|**Total**
**£**
12,126
7,340
31,512
(5,321)
45,657|
|---|---|---|---|
Page: 12
## **NEWARK PLAY ASSOCIATION LIMITED**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 March 2023**
|**10. Funds (continued)**
**2022**
**At 31 March**
**2021**
**£**
**Unrestricted funds**
General fund
93,973
**Restricted funds**
Playground and Playgroup
1,608
**Total funds**
95,581
The funds are constituted as follows:
Fixed assets
Debtors
Cash at bank and in hand
Creditors
**11. SOFA comparatives**
**INCOMING RESOURCES**
Grants receivable
Donations and gifts
Interest receivable
Other income
**Total incoming resources**|**Incoming**
**Resources**
**£**
58,177
98,516
156,693
**Unrestricted**
**funds**
**£**
5,500
8,326
44,339
12
58,177|**Outgoing**
**Resources**
**£**
(94,163)
(104,196)
(198,359)
**Unrestricted**
**Funds**
**£**
14,834
3,413
51,650
(17,590)
52,307
**Restricted**
**funds**
**£**
98,516
-
-
-
98,516
**2022**|**£**
(5,680)
5,680
-
**Restricted**
**Funds**
**£**
-
-
1,608
-
1,608
**Total**
**£**
104,016
8,326
44,339
12
156,693
**2022**
**Adjustments**
**/ Transfers**|**At 30 March**
**2022**
**£**
52,307
1,608
53,915
**Total**
**£**
14,834
3,413
53,258
(17,590)
53,915
|
|---|---|---|---|---|
Page: 13
**NEWARK PLAY ASSOCIATION LIMITED**
**Notes to the Financial Statements (continued)**
**for the year ended 31 March 2023**
## **11. SOFA comparatives (continued)**
## **RESOURCES EXPENDED:**
|**Direct Charitable Expenditure**
Playground
Playgroup
Other
**Total Direct Charitable Expenditure**
**Other expenditure**
Administration
Salaries
Independent examination
Accountancy costs
Professional Fees
Membership Costs
Fundraising expenses
Bank and payroll processing charges
**Total resources expended**
**Net outgoings**
Transfers
**Fund balance brought forward**
Funds carried forward|**Unrestricted**
**funds**
**£**
22,396
(16,406)
74,997
80,987
10,504
592
373
511
484
40
672
13,176
94,163
(35,986)
(5,680)
93,973
52,307|**Restricted**
**funds**
**£**
-
72,771
18,246
91,017
10,504
592
373
512
485
41
672
13,179
104,196
(5,680)
5,680
1,608
1,608
**2022**|**Total**
**£**
22,396
56,365
93,243
172,004
21,008
1,184
746
1,023
969
81
1,344
26,355
198,359
(41,666)
-
95,581
53,915|
|---|---|---|---|
Page: 14