NW5 COMMUNITY PLAY PROJECT
(A Company Limited by Guarantee)
Charity No. 1027125
Company No. 02692292 (England and Wales)
Trustees, Annual Report and Financial Statements
For the year ended 31 st March 2024

NW5 COMMUNITY PLAY PROJECT
Contents
For the year ended 31st March 2024
Page
Legal and Administrative Details
Trustees. Annual Report
Independent Examiner's Report
Statement of Financlal Activities
Balance Sheet
Notes to the Financial Ststements
9-14

NW5 COMMUNITY PLAY PROJECT
Lègal and Admlnlstrallve Detsils
For the year ended 31st March 2024
Status
The organisation is a registered charity, registered on the 13th Octob8r 1993.
Registered charity no.
1027125
Govorning document
The charity is constituted as a Company Limited by Guarantee.
Company no.
02692292 (England & Wales)
Regl$tered address
The Playhut
Islip Street
Kentish Town
London
NW5 2TU
Dlrectors and Trustees
Served during the year and up to the date of this report were as follows:
Linda Caroline Plummer (Chairl
Chadotte Pelzer- Vice Chair
Emma Cheetham (Treasurer)
Sarah Denvir-Financial Officer
Jenifer Amsterdam- Committee Member
Kate Uddin - Committee Member
Maimouna Mohamed
Karen Firth- Committee Member
Company Secretary:
Sharley Newitt- Project Manager
Bankers
HSBC Bank PIC
Camden Town
London
NW1 8QL
Independent examiner
Chaweevan Williams FCCA
Verdant Accountants Limited
20-22 Wenlock Road
London
N17GU
Page 1

NW5 COMMUNITY PLAY PROJECT
Trustees, Annual Report
Forthe year ended 31st March 2024
Introduction
The Trustees are pleased to present their report together with the financial statements of the Charity for
the year ended 31st March 2024.
Legal and administrative information set out under Company Information form part of this report.
The
financial stalements comply with current statutory requirements, the Charity's Articles of Association, and
the Slatement of Recommended PraCtI￿- Accounting and Reporting by Charities.
Objects of the Charity
The principal purpose of the Charity is to promote Ihe welfare of children and young people up to the age
of 25, and their families, living in the London NW5 area, London. This includes the advancement of
education and provision of facilities for recreation of the aforemenlioned inhabitants of the NW5 area.
The Charity's principal activities include..
A drop-in after school club provision
All day holiday playschemes and youth work programmes including the provision of lunch and other
meals.
All day opening on olher weekdays when local schools are closed
Junior Youth Club provision lup to age 14) at least three evenings each week
Youth club provision for 14+
An employmenl support and mentoring iniliattve for young unemployed
Work with young people around mental health issues
Football and other Sports programmes using a community sports pitch the Project manages
Youth outreach work and periodic programmes of activities on three local estates
Intensive support for local families under stress
Support and special placements for young people with particular needs referred by Camden Social
Services and other agencies
Support for local and borough wide initiatives designed to combat knife crime and other forms of
Violen￿ among young people, and joint work to help improve community safety and cohesion
Provision of a ￿ntre and faciltties for use by local voluntary organisations working in partnership wilh
the Charity for the benefit of young people in Kentish Town
Provision of the centre andlor facilities for use by other voluntary organisations wishing to run their
own training or club sessions for local young people
Volunteer, training, and work experien￿ opportunilies, for young people
Hall hire for people wishing to run events for children
Working in partnership with local primary schools and community organisations.
A recreation site providing play structures and other facilities available for use by children from the
community all year round
Crèche provision for meetings and activities organised by the Charity or other local organisations
working with families or children
Page 2

NW5 COMMUNITY PLAY PROJECT
Trustees, Annual Report
For the year ended 31st March 2024
Organisatlon and Management
A Management Board of local people govems the day-l￿aY work and policy direction of the Charity.
These people are elected at the AGM of members and are provided with some ongoing advice and
training to assist them in their work on the Board and its su￿comMitteeSJtask groups. At least two thirds
of this Board are also directors of the Company and Trustees of the Charity and overall govemance of the
Charity rests with those DirectOrs￿rUstees. They are accountable to memberslusers and report back at
members meetings and at the AGM. The Charity employs a Manager and small staff team to develop and
deliver the activities. servi￿$ and facilities referred to above. The Manager has also been appointed
Secretary to the Company
Investment Powers
Under the Memorandum and Articles of Association the Charity has the power to make any investment
which the Trustees deem fit.
Inv8Stm8nt Policy
The Trustees have resolved only to invest reserves in business reseNe bank accounts or similar and not
to pul money into stocks or shares or any other investment where there is a risk of the value of that
investment diminishing.
Fixed Assets
The charily owns its centre {"The Playhut'l and all the facilities in the centre. and the slructures and other
facilities on the site. The details of fixed assets are explained in the notes to the financial statements. The
NW5 Project also manages the local sports pitch.
Related Parties
The Charity worked closely with young people and adults in the community, and other local voluntary and
statutory bodies, in identifying needs in the area and seeking to address those needs.
Review of Financial Position. Activities and Future Developments
During the 2022123 financial year. despite the aftermath of the Covid pandemic and the cost of living
crisis, the Charity maintsined and developed its services and its principal range of activities for children
and their families.
The NW5 Project is embedded in a particularly deprived neighbourhood which has suffered greatly
economically and socially in recent years. Therefore, all NW5 Project services are currently being
provided free. This has only been made possible by slrenuous non-stop efforts to encourage donations
and success in securing some relatively short-term funding from charitable trusls. Looking ahead, the
Charity expects fundraising lo continue lo be a difficult and intense area of activity.
The playhuuplay centre is 50 years old and the Trustees wish eventually to replace this with a new centre
if a funding source can be identified. Meanwhile the present building and facilities have to be maintained
(and where possible improved) to meet frequently changing local needs, and to take full account of any
new or revised legislation.
Page 3

NW5 COMMUNITY PLAY PROJECT
Trustees, Annual Report
For the year ended 31st March 2024
Risk Management and Controls
The Trustees keep under review the major risks facing the Charity and intemal financial controls. In
addition, there are regular reviews and updates of Risk Assessmenls, Safeguarding policies, and other
policies and procedures. Procedures exist for mitigating and responding to risks and any problems
identified., and advi￿ and guidance is available from key local authority officers, the Project's payroll
service, development advisers, the National Youth Association, London Youth, and other sources.
The Trustees believe that by maintaining a high standard of service, relevant to local needs, it can
continue and build on relationships of trust wilh the local community and partner organisations, and
continue to reach out to those in need of the Charity's facilities and support. This approach is ￿ntral not
only to the Charity's ability to survive, but also its ability to respond to changing needs and cirCumstan￿s,
and move forward in these challenging times.
As a charity and as a company limited by guarantee, the Project is subject to the regulations and
requirements of both the Charity Commission and Companies House, and various regulatory
requirements in respect of playwork and youth work. Naturally Ihe Charity is also compliant with all other
relevant legal requirements. The Project is also actively working towards London Youth Quality Awards.
The NW5 Project is grateful for the ongoing advi￿ and support available from Camden Integrated Youth
SeNices, Young Camden Foundation, and other local bodies.
Reserves Policy
11 is the Charity's policy to maintain a level of general reserve (in addition to any designated reserves)
sufficient to meet any redundancy cosls and contractual commitments to creditors, and full overhead costs
for a period of three months.
Directors and Trustees
Directors of the company are also Trustees of the charity and there are no other trustees. These
DirectOrs￿rUsteeS collectively have the power to appoint additional diredors and members of the
Management Board as Ihey consider fit within the overall limitations set within the Memorandum and
Articles of Association. The Board is also able lo invite others to attend and contribute to management
meetings, sub-committees and discussions. Directors who setved during the year are listed on the
company information page.
Pag8 4

NW5 COMMUNITY PLAY PROJECT
Trustees, Annual Report
For the year ended 31 st March 2024
Statement of Trustees, Responsibilities
Company law requires the directors to prepare financial statements for each financial year which give a
true and fair view of the stale of affairs of the charitable company as at the balance sheet date. Those
statements should idenlity all incoming resources and the application of those resources, including grant
aid carried forward to meet planned expenditure in the following financial year. In preparing financial
statements the directors are expected to follow best practice and..
select suitsble accounting policies and then apply them consislenlly
make judgements and estimates that are reasonable and prudent, and
prepare the financial statements on the going-concern basis unless it is inappropriate to assume that
the charity will continue on that basis.
The directors are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any lime the true financial position of the charitable company and to ensure that those
financial statements comply with the Companies Act 1985 and Ihe Companies Act 2006.
The directors
are also responsible for safeguarding the assets and ethos of the charitable company, and for ensuring
external bodies or individuals do not seek to assume control of the Charity's facilities, assets or work.
Directors must also take reasonable steps for the prevention and detection of fraud and other
irregularities.
Independent Examiner
Following the retirement last year of John Green & Co , who for almost tsvo decades was the Charity's
Independent Examiner, the Trustees are pleased to welcome Verdant Accountants Limited as the new
Independent Examiner for 2022123 on ward
Approved
This report has been prepared in accordance with the Accounting and Reporting by Charities Statement of
Recognised Practi￿ and in accordance with the special provisions of Part Vll of the Companies Act 1985
relating lo small entities, and was approved by the Directors and Trustees on
1 Oth December 2024
and signed on their behalf by..
Emma Cheetham (Treasurer)
Director and Trustee
Page 5

NW5 COMMUNITY PLAY PROJECT
INDEPENDENT EXAMINER'S REPORT
Independent examine¢s report to the trustees of NW5 Community Play Project, Company no:
02692292 and Charity no: 1027125
I report ¢)n the financial statements of the above charity (a company limited by 9U8ranteg1 for the year endgd 31 March
2024. whSch comprise the statement of FinanrAal Acliwlies. the Balance She81 and th& related notes.
Respectlve responsibilities of trustees and examiner
The trustees who are also directors of the company for the purposes of company law, are responslble for the preparation of
the accounts in accordance with the Charities Act 2011 I'the Acl'l. The Charity's Iruslees considgr that an audit is not
required for thSs year under section 144 of the Act and that an independent examination is ￿e￿ed.
It is my responsibility to examine the accoun15 under section 145 of the Charities Act, fdlow the applicable Directions given
by thg Charity Commission under section 14515llbl of the Act. and state whether particular matters have come to my
attention.
Basis of independent examiner's report
My examinatlon was carri9d out in accordance with the general Directions given by the Charity Commission. An
examinath)n indudes a review of the accounting records kept by the charity and a comparison of the accounts presentsd
with those records. It also includes consideration of any unusual items OT disclosures in the 8ccounts, and seeking
gxplanations from the trustees concerning any such matters. The procedures undertaken do not provide all thg evidencg
that would be required in an audit and consequently no opinion is given as to wh8thei the accounts present a 'true and fair,
view and the report is limited to those matters set out in the slalefflent below.
Independent examiner's Statement
In connection with my gxamination. no mat8rial matters have come to my attention which gives me cause lo
Ileve that in. any material respect..
the accounting records were not kept in accordancg With sgction 386 of the Companies Act 120061..
or
Ihe accounts do not accord with the accounting records,. or
th8 accounts do not comply with the applicable requirements concerning the form and content of
th& accounts set out in section 396 of the Companies Act 2006 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.. or
The accounts have not been prepared in accL)rdance with the Charities SORP IFRS1021.
121
I have concerns a￿j have come across no othgr matters in connection with th8 examination to which
attention should be dr8wn thls r8POrt In ordgr to enable a proper understsnding of the accounts to b8
reached.
Chaweevan Wi1114ms FCCA
Date: 1 Oth December 2024
Chartered Certified Accountant
Verdant Acwuntants Ltd
20-22 Wenlock Road
London N1 7GU
Page 6

NW5 COMMUNITY PLAY PROJECT
Statsment of Financial Activities
For the year ended 31 st March 2024
Unrestrlcted
Funds
Restrlcted
Funds
Total
2024
Total
2023
Notes
Income from:
Grants
Fee income
Facility hire
Fundraising and donations
Misc income
Interest
80,020
80.020
39,404
3,325
4.134
2.851
506
97,771
19.798
3,789
17,711
405
308
39,404
3.325
4.134
2,851
506
Total income
50,220
80,020
130,240
139.782
Expendlture on:
Staff costs
Projects and services
P￿ mises and utilities
Independent examination fees
Bookkeeping and payroll service
Staff training and safeguarding costs
Depreciation
Other running costs
31.713
12.792
100.423
6.888
5,442
132.136
19.680
5.442
1,865
1,258
13.583
3.639
2.230
148,779
50,359
5.081
1,620
2,682
1,246
3,639
5.619
1,865
1.258
13.583
3.639
2.230
Total expenditure
49.858
129.975
179.833
219.025
Net Incomo for the Year
Funds at 1 April 2023
Transfer be￿een funds
362
42,381
(36.2801
(49,9551 (49,593) (79,2431
34,585
76,966
156,209
36.280
Funds at 31 March 2024
6,463
20.910
27.373
76.966
The notes on pages 9 to 14 form part ofthese accounts.
Page 7

NW5 COMMUNITY PLAY PROJECT
Balance Shaet
As at 31st March 2024
2024
2023
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
Notes
18.195
21,834
8,023
23,835
31,858
1,875
54.877
56.752
Liabilitie$
Credilor5-. amounts falling due within 1 year
Net current assets
{22,680)
11,620)
9,178
27,373
55,132
76.966
Not assets
Funds
Unrestricted funds..
Designated funds
General funds
15.000
27,381
42.381
34,585
6.463
6,463
20.910
Restricted funds
Total Funds
27.373
76,966
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the
year ended 31 March 2024. The members have not required the charitable company to obtain an audit of its
financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The truslees acknowledge their responsibilities for:
{al ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of
the Companies Act 2006 and
{bl preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with Ihe ￿qu1￿ments of Sections394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial 5tatements,so far as applicable to the
charitable company.
These financial statements have been p￿Pared in accordance with section 398 of the Companies Act 2006 and
section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of
Part 15 of the Companies Act ￿lating to small companies and constitute the annual accounts required by the
Companies Act 2006.
The financial statements were approved by the Board of Trustees on10 - I'I-W and were signed on its
behalf by:
JlJ¥•'
Emma Cheetham (Treasurer)
Director and Trustee
The notes on pages 9 to 14 form part of these accounts.
Page 8

NW5 COMMUNITY PLAY PROJECT
Notos to th8 Financial Ststements
For the year ended 31st March 2024
1 Accountlng policies
1.1 Bas1$ of Preparatlon of the Flnanclal Statements
The financial statements have been prepared in accordance with 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 IFRS 1021 (as amended for accounting periods commencing from 1 January 2016).
The charity is a Public Benefit Entity as defined by FRS 102.
At the time of approving the account5 the trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees
continue to adopt the going concern basis of accounting in preparing the accounts.
1.2 Tangible Fixed Assets and Depr6¢iation
Tangible Fixed Assets are stated at cost less depreciation. Depreciation is provided at rates calculated to
V￿lte off the cost of fixed assets over their expected useful lives on the following bases..
Computer equipment
Play equipment
Building refurbishment
25¥0 Straight Line Basis
100/0 Straight Line Basis
100/0 Straight Line Basis
1.3 Voluntary Incomo
Voluntary income is received by way of donations and gifts and is included in full in the Statement of
Financial Activities when received.
1.4 Grants
1.4.1 Grants are credited to the Slalement of Financial Activities in the year in which they are received.
Grants relating to a future accounting period are deferred until that period and included on the
balance sheet as deferred income.
1.4.2
Grants received for specific purposes are accounted for as restricted funds in the
Statement of Financial Activities.
1.5 Restricted Funds
Restricted funds are to be used for the purposes specified by the donor. Expenditure which meets these
criteria is identified to the fund.
1.6 Unrestricted Funds
Unrestricted fvnds a￿ certain grants, donations and other income re￿iVed or generated for the objects of
the charity without further specified purpose and are available as general funds.
1.7 Designated funds
Designated funds a￿ unreslricted fvnds set aside by the trustees for particular purposes.
1.8 Penslons
The charity conlributed to personal pension plans for 7 of its employees (2022.'7). Employer contributions
payable by the charity under these plans are charged to the Statement of Financial Activities when
incurred.
Page 9

NW5 COMMUNITY PLAY PROJECT
Notes to the Financial Statèments (contlnued)
For the year ended 31st March 2024
1 Accounting policies (continued)
1.9 Flnanclal Instruments
The charitable company has financial assets and financial liabilities of a kind Ihat qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequenUy
measured at their settlement value.
2 Trustees, Remuneration and Expenses
No remuneration was paid to Trustees during the year12023 - none)- There were no reimbursements to
Trustees during the year (2023- none).
Page 10

NW5 COMMUNITY PLAY PROJECT
Notes to the Financlal Statements (contlnuod)
For the year ended 31st March 2024
3 Grants:
Unrestrlcted Restrfcted
2024
2024
Total
Total
2024 CIF FOR 24125
Total
2023
GRANTS RECEIVED 2023124
SOURCE
PURPOSE
Camden Giving
LB Camden {Youth
Services)
Lab Tech Trust
Camden Giving
LB Camden
Sports Foundation
LB Camden (CIL)
LB Camden (Youth
Services)
LB Camden
Inclusiveness
International Trip and
youth support
Trainee Scheme
Inclusiveness
Transitions
Football equipment
Support ASC
International Trip and
youth support
Summer Festival
Summer skills project
1.000
1.000
20,000
20,000
17910
2,000
1.000
16,000
500
15,000
2,000
1,000
16.000
500
15,000
15,000
15,000
3000
800
London Youth
3,000
3.000
LB Camden Social
Setvices
Community Arts
Foundation
LB Camden Social
Services
Lab Tech Trust
LB Camden Social
Services
Summer projoct
1,175
1,175
500
500
Summer
2,955
2.955
Trainees
Balance of Summer skills
2,000
2.000
London Youth
1.000
1.000
Camden Giving
LB Camden (Youth
Services)
Festival
Summer programme 23
Camden Giving Trust Grant
Camden Giving Trust- Promoting Inclusiv8ness
Camden giving- Food programme
National Big Lottery
Young Camden Foundation
Safer Neighbourhood Project
Summer Festival
Youth Club
2.000
2,000
11,250
11,250
2.900
3.000
10.000
4,000
7,500
66.871
2,000
1,500
Total grants actually rocgived during 2023124
Carrled Forward to 2024125
95.180
95.180
97.771
20.910
Grant used appropriate to 202312024 is 95180 - 20910 (the amount received for 24125
International Trip) = 74270, plus overdue grants of LB Camden £3750 and Trust grant £2000 =£80,020
Page 11

NW5 COMMUNITY PLAY PROJECT
Notes to the Financial Statements (continued)
For the year ended 31st March 2024
4 Staff costs
2024
2023
Salaries and Wages
Social security costs
Pension costs
112.898
15,988
3.250
132,136
122,073
21,995
4.711
148.779
No employee was remunerated in excess of £60,000 per annum.
The average number of employees, calculated on a full-time equivalent basis, analysed by
function was:
2024
Number
2023
Number
Charitable activitie$- general operations
5 Tangible fixed assets
Computer
Equipment
Playhut &
Structures
Total
Assets
Cost
Al 1 April 2023
Additions
1,813
82.442
84.255
At 31 March 2024
1,813
82,442
84,255
Depreciation
At 1 April 2023
Charge for the year
1,813
60,608
3.639
62,421
3.639
At 31 March 2024
1,813
64,247
66,060
Net book value
At 31 March 2024
18.195
18,195
At 31 March 2023
21.834
21.834
6 Debtors:
Due within one year
2024
2023
Other debtors
Grants Receivable
Prepayment
Pension overpayments
798
5,350
1,875
1,875
8.023
1,875
7 Credltors: amounts falling due wlthln one year
2024
2023
Defer￿d Grants Income
Accruals
Taxation and Social Security
20,910
1,770
1,620
22.680
1.620
Page 12

NW5 COMMUNITY PLAY PROJECT
Notes to the Financlal s&￿ements (contlnued)
For the year ended 31st March 2024
8 Analysis of net assets ￿tween funds
Unrestricted
funds
Restricted
funds
Total
funds
Tangible fixed assets
cur￿￿1 assets
Creditors.. amounts falling due within one year
18.195
118.1951
18.195
31.858
(22,6801
50.053
122,680)
Total net assets
27.373
27.373
9 Movement In funds
2024
At l Aprll
Incoming
2023 Resources
Resources
Expended
Transfers At 31 March
2024
Restricted funds
34,585
80,020
(129,9751
36,280
20,910
Unrestricted funds:
Designated fund-
Youth Employment Project
Project Resilience Fund
15.000
{15.000)
15.000
115.000)
General funds
27,381
50,220
(49,858}
121,280)
6,463
Total funds
76.966
130,240
1179,8331
27,373
2023
At 1 Aprfl
Incomlng
2022 Resources
Resources
Transfers At 31 March
Expended
2023
Restricted funds
122.157
97.771
1140.664)
144.6791
34,585
Unrestricted funds:
Designated fund..
Youth Employment Projecl
Project Resilience Fund
7,000
25,000
32,000
8,000
15.000
(8.0001
{8,0001
(17.0001
8.000
15,000
General funds
2,052
42,011
(78,3611
61,679
27.381
Total funds
156.209
147.782
227.025)
17,000
76,966
Page13

NW5 COMMUNITY PLAY PROJECT
Notes to the Financial Statements {continued)
For the year ended 31st March 2024
10 COMPARATIVE STATEMENT OF FINANCE ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Unre$tri¢ted
Funds
Rastricted
Funds
Total
2023
Total
2022
Notes
Income from:
Grants
Fee income
Facility hire
Fundraising and donations
Sundry income
Interest
97,771
97,771
19.798
3,789
17,711
405
308
138,880
13,255
2,470
11,596
240
12
19,798
3.789
17,711
405
308
Total Income
42,011
97.771
139.782
166.453
Expenditure on:
Staff costs
Projects and seryices
Premises and uts'lilies
Independent examination fees
Bookkeeping and payroll service
staff training and safeguarding costs
Depreciation
Other running costs
35.707
32,733
113,072
17,626
5,081
148,779
50,359
5.081
1.620
2,682
1.246
3,639
5.619
124.885
30,701
4,267
610
910
838
3,639
4.031
1,620
2.682
1,246
3,639
5,619
Total expenditure
78,361
140,664
219.025
169.881
Net In¢omo for the Year
Funds at 1 April 2022
Transfer be￿een funds
(36.3501
34,052
44,679
(42,893) (79,2431
122,157
156,209
(44,679)
(3,428)
159,637
Funds at 31 March 2023
42,381
34,585
76.966
156.209
The notes on pages 9 to 13 fomi part of these accounts.
Page 14