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2025-03-31-accounts

COMPANY REGISTERED NO: 01712322

NEWARK PLAY ASSOCIATION LIMITED CHARITY COMMISSION REGISTERED NO: 1026751

STATEMENT OF ACCOUNTS for the year ended 31 March 2025

NEWARK PLAY ASSOCIATION LIMITED

Contents Page

for the year ended 31 March 2025

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 2025

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

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 2025

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 2025.

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 2025

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. It maximises the support of volunteers and local organisations for repairs and maintenance of the site in order to keep costs to a minimum.

The charity is a member of: Early Years Alliance.

Future developments

The New Ark trustees and managers continue to be focussed on increasing the charity's sustainability in an ever-challenging financial landscape, and serving its community by providing valuable support and services to local children cand families. This includes seeking new funding sources, income streams and partnershipworking opportunities.

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 2025, Unrestricted Reserves held were in deficit by £4,825 (2024 - surplus of £20,447) and Restricted Reserves held were £1,531 (2024 - £6,396). The trustees are trying to get the necessary funding to cover this deficit.

Reserves policy

At the year end, the charity held a deficit of free reserves of £11,148, for which funding is being tergetted to ensure 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 2025

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 £81,000, 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:

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: 9 January 2026

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 2025, which are set out on pages 6 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: 9 January 2026.

Page: 5

NEWARK PLAY ASSOCIATION LIMITED

Statement of Financial Activities (including income and expenditure account)

for the year ended 31 March 2025

----- Start of picture text -----
2025 2024
Unrestricted Restricted
Note funds funds Total Total
£ £ £ £
INCOME
Grants Receivable 6,700 139,834 146,534 144,196
Donations and gifts 2,406 - 2,406 2,333
Charitable activities 64,594 - 64,594 61,472
Interest receivable 1,264 - 1,264 1,147
Total income 2 74,964 139,834 214,798 209,148
EXPENDITURE
Direct Charitable Expenditure
Playground 30,137 - 30,137 27,081
Playgroup - 72,855 72,855 66,147
Other 58,433 53,678 112,111 107,450
Total Direct Charitable Expenditure 3 88,570 126,533 215,103 200,678
Support costs 4 9,403 17,464 26,867 26,682
Total Expenditure 97,973 143,997 241,970 227,360
Net expenditure (23,009) (4,163) (27,172) (18,212)
Interest payable (1,482) (1,483) (2,965) (602)
Net expenditure (24,491) (5,646) (30,137) (18,814)
Transfers 10 (781) 781 - -
Net expenditure after transfers (25,272) (4,865) (30,137) (18,814)
Fund balances brought forward 20,447 6,396 26,843 45,657
Total funds carried forward 10 (4,825) 1,531 (3,294) 26,843
----- 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 2025

----- Start of picture text -----
2025 2024
Unrestricted Restricted
Note Funds Funds Total Total
£ £ £ £
Fixed assets
Tangible fixed assets 7 6,323 - 6,323 9,113
Current assets
Debtors 8 739 1,134 1,873 3,912
Cash at bank 2,065 40,237 42,302 58,778
2,804 41,371 44,175 62,690
Creditors:
Amounts falling due within one year 9 13,952 39,840 53,792 44,960
Net current assets (11,148) 1,531 (9,617) 17,730
Total assets less current liabilities (4,825) 1,531 (3,294) 26,843
Funds 10
Unrestricted (4,825) - (4,825) 20,447
Restricted - 1,531 1,531 6,396
(4,825) 1,531 (3,294) 26,843
----- 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:

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 9 January 2026 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 2025

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 2025

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 2025

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
Arts and crafts
Other income
Direct Charitable Expenditure
Salaries and pensions
Playground
Actual
Playgroup
Actual
Cleaner
65%
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
65%
Telephone and Internet
65%
Postage, Stationery and
Printing
65%
Sundry expenses
65%
Depreciation
65%		 £
-
5,000
500
1,200
1,423
983
2,517
45,783
10,124
5,155
420
595
73,700
£
22,163
-
4,216
24,537
25,471
1,154
1,106
1,928
-
-
147
799
1,305
2,301
302
460
61
125
282
772
344
121
976
88,570
Unrestricted
Funds
Unrestricted
Funds		 Restricted
Funds
£
139,834
-
-
-
-
-
-
-
-
-
-
-
139,834
Restricted
Funds
£
7,587
71,749
7,829
13,213
-
1,763
317
1,038
68
1,825
443
2,399
3,915
6,904
908
1,380
185
375
523
1,433
640
225
1,814
126,533
2025


2025		 Total
£
139,834
5,000
500
1,200
1,423
983
2,517
45,783
10,124
5,155
420
595
213,534
Total
£
29,750
71,749
12,045
37,750
25,471
2,917
1,423
2,966
68
1,825
590
3,198
5,220
9,205
1,210
1,840
246
500
805
2,205
984
346
2,790
215,103		 2024
Total
£
128,418
5,278
500
10,000
521
1,812
2,822
42,935
10,051
5,629
-
35
208,001
2024
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

3. Direct Charitable Expenditure

Page: 10

NEWARK PLAY ASSOCIATION LIMITED

Notes to the Financial Statements (continued)

for the year ended 31 March 2025

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
65%
7,762
14,415
Independent examination
65%
317
588
Accountancy costs
65%
507
943
Professional Fees
65%
12
22
Subscriptions and licences
65%
169
315
Fundraising expenses
65%
35
66
Payroll processing charges
65%
601
1,115
Bank charges
65%
-
-
9,403
17,464
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
2025
Unrestricted
Funds		 Total
£
22,177
905
1,450
34
484
101
1,716
-
26,867
2025
£
188,687
10,255
2,917
201,859
2025
14		 2024
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

5. Employee emoluments

6. Related Party Transactions

Trustee remuneration for the year was £nil (2024 - £nil).

No refund of expenses incurred in relation to charitable activities in the year (2024, nil).

7. Tangible fixed assets

Cost
Depreciation
Brought forward at 31 March 2024
Charge for the year
Carried forward at 31 March 2025
Net book value
At 31st March 2022
At 31st March 2021
Brought forward at 31 March 2024 and
carried forward at 31 March 2025		 Leasehold
and Freehold
Buildings
£
65,817
58,985
1,649
60,634
5,183
6,832		 Fixtures
and
Fittings
£
29,292
28,234
836
29,070
222
1,058		 Plant and
Equipment
£
10,803
9,580
305
9,885
918
1,223		 Total
£
105,912
96,799
2,790
99,589
6,323
9,113

Page: 11

NEWARK PLAY ASSOCIATION LIMITED

Notes to the Financial Statements (continued)

for the year ended 31 March 2025

8. Debtors

Debtors
Other debtors
Prepayments and accrued income
Creditors
Trade creditors
Other creditors
Taxation and Social security
Accruals
Deferred Income
Funds
2025
At 31 March
2024
£
Unrestricted funds
General fund
20,447
Restricted funds
Early Years Learning
4,865
Sensory Room
1,531
Holiday Activities and Food
-
6,396
Total funds
26,843		 Incoming
Resources
£
74,964
130,354
-
9,480
139,834
214,798		 Outgoing
Resources
£
(99,455)
(136,000)
-
(9,480)
(145,480)
(244,935)		 2025
£
200
-
1,673
1,873
2025
£
10,949
1,092
2,064
3,399
36,288
53,792
£
(781)
781
-
-
781
-
Adjustments
/ Transfers		 2024
£
1,924
367
1,621
3,912
2024
£
9,257
2,743
3,073
3,639
26,248
44,960
At 31 March
2025
£
(4,825)
-
1,531
-
1,531
(3,294)

9. Creditors

10. Funds

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 2024 to 2025 is the third year of this 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 2025

10. Funds (continued)

The funds are constituted as follows:
Fixed assets
Debtors
Cash at bank and in hand
Creditors
2024
At 1 April
2023
£
Unrestricted funds
General fund
44,126
Restricted funds
Early Years Learning
(77)
Farm shed
500
Sensory Room
1,108
1,531
Total funds
45,657		 Incoming
Resources
£
80,730
127,995
-
423
128,418
209,148		 Unrestricted
Funds
£
6,323
739
2,065
(13,952)
(4,825)
Outgoing
Resources
£
(102,217)
(125,745)
-
-
(125,745)
(227,962)		 Restricted
Funds
£
-
1,134
40,237
(39,840)
1,531
£
(2,192)
2,692
(500)
-
2,192
-
Adjustments
/ Transfers
2025		 Total
£
6,323
1,873
42,302
(53,792)
(3,294)
At 30 March
2024
£
20,447
4,865
-
1,531
6,396
26,843

The funds are constituted as follows:

Fixed assets
Debtors
Cash at bank and in hand
Creditors		 Unrestricted
Funds
£
9,113
1,817
26,533
(17,016)
20,447		 Restricted
Funds
£
-
2,095
32,245
(27,944)
6,396
2024		 Total
£
9,113
3,912
58,778
(44,960)
26,843

10. SOFA comparatives

INCOMING RESOURCES
Donations
Grants Receivable
Donations and gifts
Charitable activities
Interest receivable
Total incoming resources		 Unrestricted
funds
£
15,778
2,333
61,472
1,147
80,730		 Restricted
funds
£
128,418
-
-
-
128,418
2024		 Total
£
-
144,196
2,333
61,472
1,147
209,148

1 147

Page: 13

NEWARK PLAY ASSOCIATION LIMITED

Notes to the Financial Statements (continued)

for the year ended 31 March 2025

10. SOFA comparatives (continued)

RESOURCES EXPENDED:

Direct Charitable Expenditure
Playground
Playgroup
Other
Total Direct Charitable Expenditure
Other expenditure
Support costs
Salaries and pensions
Independent examination
Accountancy costs
Professional Fees
Subscriptions and licences
Fundraising expenses
Payroll processing charges
Bank charges
Interest payable
Total resources expended
Net (outgoings) / incomings
Transfers
Fund balance brought forward
Funds carried forward		 Unrestricted
funds
£
27,081
-
61,497
88,578
10,510
675
717
62
211
64
1,093
6
301
13,639
102,217
(21,487)
(2,192)
44,126
20,447		 Restricted
funds
£
-
66,147
45,953
112,100
10,511
675
718
63
212
65
1,093
7
301
13,645
125,745
2,673
2,192
1,531
6,396
2024		 Total
£
27,081
66,147
107,450
200,678
21,021
1,350
1,435
125
423
129
2,186
13
602
27,284
227,962
(18,814)
1,147
45,657
26,843

Page: 14