**COMPANY REGISTERED NO: 01712322**
**NEWARK PLAY ASSOCIATION LIMITED CHARITY COMMISSION REGISTERED NO: 1026751**
**STATEMENT OF ACCOUNTS for the year ended 31 March 2024**
**NEWARK PLAY ASSOCIATION LIMITED**
**Contents Page**
## **for the year ended 31 March 2024**
## **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 2024**
## **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 Metro Bank Grant House 101 Bourges Boulevard Peterborough PE1 1NG
Page: 1
**NEWARK PLAY ASSOCIATION LIMITED**
**Trustees' Annual Report**
## **for the year ended 31 March 2024**
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 2024.
## **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 charitable company is registered in England and Wales, number 01712322.
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.
## **Trustees**
The trustees who have acted during the financial year are listed on page 1 of the financial statements, along with their roles and dates that they acted.
## **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.
## **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.
Page: 2
**NEWARK PLAY ASSOCIATION LIMITED**
**Trustees' Annual Report (continued)**
## **for the year ended 31 March 2024**
## **Achievements and public benefit (continued)**
_**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.
The charity is members of: Early Years Alliance.
## **Future developments**
The trustees currently feel that they "haven't had the money to seriously consider future developments" but they have set up a social prescribing hub after receiving money from the national lottery. They would ideally like to expand in this manner but protecting the current set up is the current concern with funding levels and changes in taxation all impacting on what may be possible. The trustees are working hard and diligently to ensure that we are here for the area's children.
## **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 2024, Unrestricted Reserves held were £20,447 (2023 - £44,126) and Restricted Reserves held were £6,396 (2023 - £1,531).
## **Reserves policy**
At the year end, the charity held free reserves of £11,334, which will largely be used during the summer term and to assist funding of the Summer Holiday activies, ensuring that the Ark remains an important facility for those that require it.
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.
Page: 3
**NEWARK PLAY ASSOCIATION LIMITED**
**Trustees' Annual Report (continued)**
**for the year ended 31 March 2024**
## **Reserves policy**
The trustees are continually seeking more income resources to grow the charity's work 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 £76,000, 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.
## **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.
## **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 January 2025**
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 2024, 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: **13 January 2025.**
Page: 5
**NEWARK PLAY ASSOCIATION LIMITED**
## **Statement of Financial Activities (including income and expenditure account)**
## **for the year ended 31 March 2024**
**----- Start of picture text -----**
2024 2023
Unrestricted Restricted
Note funds funds Total Total
£ £ £ £
INCOME
Donations - - -
Grants Receivable 15,778 128,418 144,196 115,680
Donations and gifts 2,333 - 2,333 7,464
Charitable activities 61,472 - 61,472 71,029
Interest receivable 1,147 - 1,147 572
Total income 2 80,730 128,418 209,148 194,745
EXPENDITURE
Direct Charitable Expenditure
Playground 27,081 - 27,081 17,728
Playgroup - 66,147 66,147 57,202
Specific donations - - -
Other 61,497 45,953 107,450 99,433
Total Direct Charitable Expenditure 3 88,578 112,100 200,678 174,363
Support costs 4 13,338 13,344 26,682 28,640
Total Expenditure 101,916 125,444 227,360 203,003
Net expenditure (21,186) 2,974 (18,212) (8,258)
Interest payable (301) (301) (602) -
Net expenditure (21,487) 2,673 (18,814) (8,258)
Transfers 10 (2,192) 2,192 - -
Net expenditure after transfers (23,679) 4,865 (18,814) (8,258)
Fund balances brought forward 44,126 1,531 45,657 53,915
Total funds carried forward 10 20,447 6,396 26,843 45,657
**----- 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 2024**
**----- Start of picture text -----**
2024 2023
Unrestricted Restricted
Note Funds Funds Total Total
£ £ £ £
Fixed assets
Tangible fixed assets 7 9,113 - 9,113 12,126
Current assets
Debtors 8 1,817 2,095 3,912 7,340
Cash at bank 26,533 32,245 58,778 31,512
28,350 34,340 62,690 38,852
Creditors:
Amounts falling due within one year 9 17,016 27,944 44,960 5,321
Net current assets 11,334 6,396 17,730 33,531
Total assets less current liabilities 20,447 6,396 26,843 45,657
Funds 10
Unrestricted 20,447 - 20,447 44,126
Restricted - 6,396 6,396 1,531
20,447 6,396 26,843 45,657
**----- 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 **13 January 2025** 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 2024**
## **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 2024**
## **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 2024**
## **2. Incoming Resources**
|**Grants received**
Peterborough County Council
Annual employment allowance
Corporate grants
Institutional grants
**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
**3. Direct Charitable Expenditure**
**Salaries and pensions**
Playground
Actual
Playgroup
Actual
Cleaner
50%
Farm
35%
Support
Actual
Pension
Actual
**Other Expenses**
Playgroup / Playground
Actual
Farm
35%
Events and occasions
Actual
Holiday Activities and Food
Actual
Health and safety
75%
Rent and rates
75%
Insurance
75%
Electricity
75%
Repairs and maintenance
75%
Waste disposal
75%
Cleaning materials
75%
Pest control
75%
IT support and costs
50%
Telephone and Internet
50%
Postage, Stationery and
Printing
50%
Sundry expenses
50%
Depreciation
50%|**£**
-
5,278
500
10,000
521
1,812
2,822
42,935
10,051
5,629
35
1,147
80,730
**£**
21,713
-
5,686
21,294
26,292
1,333
1,421
1,413
-
-
234
911
1,296
2,932
175
420
46
133
414
959
272
128
1,506
88,578
**Unrestricted**
**Funds**
**Unrestricted**
**Funds**|**Restricted**
**Funds**
**£**
128,418
-
-
-
-
-
-
-
-
-
-
-
128,418
**Restricted**
**Funds**
**£**
4,945
64,726
5,687
11,466
-
1,079
79
761
1,202
425
701
2,734
3,890
8,797
525
1,260
139
400
415
960
273
129
1,507
112,100
**2024**
**2024**|**Total**
**£**
128,418
5,278
500
10,000
521
1,812
2,822
42,935
10,051
5,629
35
1,147
209,148
**Total**
**£**
26,658
64,726
11,373
32,760
26,292
2,412
1,500
2,174
1,202
425
935
3,645
5,186
11,729
700
1,680
185
533
829
1,919
545
257
3,013
200,678|2023
Total
£
102,180
5,000
8,500
-
2,547
4,917
3,257
34,744
11,314
11,958
9,756
572
194,745
2023
Total
£
17,337
56,515
12,759
21,746
35,212
2,193
1,132
2,228
649
-
1,274
4,433
4,880
4,753
1,010
1,397
135
200
594
1,792
222
798
3,104
174,363|
|---|---|---|---|---|
Page: 10
**NEWARK PLAY ASSOCIATION LIMITED**
**Notes to the Financial Statements (continued)**
**for the year ended 31 March 2024**
## **4. Support costs**
The costs of administration have been allocated between funds based on the percentages shown on the Statement of Financial Activities.
|**Restricted**
**Funds**
**£**
**£**
Salaries and pensions
50%
10,510
10,511
Independent examination
50%
675
675
Accountancy costs
50%
717
718
Professional Fees
50%
62
63
Subscriptions and licences
50%
211
212
Fundraising expenses
50%
64
65
Payroll processing charges
50%
1,093
1,093
Bank charges
50%
6
7
13,338
13,344
**Employee emoluments**
Salaries
Social security costs
There are no employees who received emoluments exceeding £60,000
Average number of employees during the year
**Unrestricted**
**Funds**
**2024**
Employer's contribution to defined contribution pension scheme|**Total**
**£**
21,021
1,350
1,435
125
423
129
2,186
13
26,682
**2024**
**£**
173,706
9,124
2,412
185,242
**2024**
14|2023
Total
£
21,908
1,320
1,814
762
596
180
2,038
22
28,640
2023
£
157,827
7,650
2,193
167,670
2023
14|
|---|---|---|
## **5. Employee emoluments**
## **6. Related Party Transactions**
Trustee remuneration for the year was £nil (2023 - £nil).
No refund of expenses incurred in relation to charitable activities in the year (2023, nil).
## **7. Tangible fixed assets**
|**Leasehold**
**and Freehold**
**Buildings**
**£**
**Cost**
65,817
**Depreciation**
Brought forward at 1 April 2023
57,336
Charge for the year
1,649
Carried forward at 31 March 2024
58,985
**Net book value**
At 31st March 2022
6,832
At 31st March 2021
8,481
Brought forward at 1 April 2023 and carried
forward at 31 March 2024|**Fixtures**
**and**
**Fittings**
**£**
29,292
27,148
1,086
28,234
1,058
2,144|**Plant and**
**Equipment**
**£**
10,803
9,302
278
9,580
1,223
1,501|**Total**
**£**
105,912
93,786
3,013
96,799
9,113
12,126|
|---|---|---|---|
Page: 11
## **NEWARK PLAY ASSOCIATION LIMITED**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 March 2024**
## **8. Debtors**
|Debtors
Other debtors
Prepayments and accrued income
**Creditors**
Trade creditors
Other creditors
Taxation and Social security
Accruals
Deferred Income|**2024**
**£**
1,924
367
1,621
3,912
**2024**
**£**
9,257
2,743
3,073
3,639
26,248
44,960|2023
£
5,938
-
1,402
7,340
2023
£
375
888
1,419
2,467
172
5,321|
|---|---|---|
## **9. Creditors**
## **10. Funds**
|**2024**
**Unrestricted funds**
General fund
**Restricted funds**
Early Years Learning
Sensory Room
Holiday Activities and Food
**Total funds**|**At 1 April**
**2023**
**£**
44,126
-
1,531
-
1,531
45,657|**Incoming**
**Resources**
**£**
80,730
124,038
-
4,380
128,418
209,148|**Outgoing**
**Resources**
**£**
(102,217)
(119,173)
-
(6,572)
(125,745)
(227,962)|**£**
(2,192)
-
-
2,192
2,192
-
**Adjustments**
**/ Transfers**|**At 31 March**
**2024**
**£**
20,447
4,865
1,531
-
6,396
26,843
|
|---|---|---|---|---|---|
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 **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.
On 27 October 2021, the government announced a three year funding settlement of over £200 million each year for the **holiday activities and food** (HAF) programme. The first year of this funding settlement was 2022 to 2023 and 2023 to 2024 is the second year of the funding settlement. This funding is for the upper tier local authorities to coordinate and provide free holiday provision, including healthy food and enriching activities. The holiday periods cover the Easter, Summer and Christmas periods and are expected to relate to a minimum of 4 days, 16 days and 4 days respectively.
The **transfers** relate to deficits of funding provided by unrestricted funds and amounts relating to the prior period when funds received this year relating to the prior period.
Page: 12
**NEWARK PLAY ASSOCIATION LIMITED**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 March 2024**
## **10. Funds (continued)**
|The funds are constituted as follows:
Fixed assets
Debtors
Cash at bank and in hand
Creditors
**2023**
**At 1 April**
**2022**
**£**
**Unrestricted funds**
General fund
52,307
**Restricted funds**
Early Years Learning
-
Farm shed
500
Sensory Room
1,108
1,608
**Total funds**
53,915|**Incoming**
**Resources**
**£**
91,378
102,944
-
423
103,367
194,745|**Unrestricted**
**Funds**
**£**
9,113
1,817
26,533
(17,016)
20,447
**Outgoing**
**Resources**
**£**
(99,431)
(103,572)
-
-
(103,572)
(203,003)|**Restricted**
**Funds**
**£**
-
2,095
32,245
(27,944)
6,396
**£**
(128)
628
(500)
-
128
-
**Adjustments**
**/ Transfers**
**2024**|**Total**
**£**
9,113
3,912
58,778
(44,960)
26,843
**At 31 March**
**2023**
**£**
44,126
-
-
1,531
1,531
45,657
|
|---|---|---|---|---|
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|
|---|---|---|---|
## **10. SOFA comparatives**
|**INCOMING RESOURCES**
Grants receivable
Donations and gifts
Interest receivable
Other income
**Total incoming resources**|**Unrestricted**
**funds**
**£**
12,313
7,464
71,029
572
91,378|**Restricted**
**funds**
**£**
103,367
-
-
-
103,367
**2023**|**Total**
**£**
115,680
7,464
71,029
572
194,745|
|---|---|---|---|
Page: 13
**NEWARK PLAY ASSOCIATION LIMITED**
**Notes to the Financial Statements (continued)**
**for the year ended 31 March 2024**
## **10. 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
Payroll processing charges
Bank charges
**Total resources expended**
**Net outgoings**
Transfers
**Fund balance brought forward**
Funds carried forward|**Unrestricted**
**funds**
**£**
17,728
-
67,383
85,111
10,954
660
907
381
298
90
1,019
11
14,320
99,431
(8,053)
(128)
52,307
44,126|**Restricted**
**funds**
**£**
-
57,202
32,050
89,252
10,954
660
907
381
298
90
1,019
11
14,320
103,572
(205)
128
1,608
1,531
**2023**|**Total**
**£**
17,728
57,202
99,433
174,363
21,908
1,320
1,814
762
596
180
2,038
22
28,640
203,003
(8,258)
-
53,915
45,657|
|---|---|---|---|
Page: 14