**Registered number: 02692285 Charity number: 1027441**
# **THREE ACRES COMMUNITY PLAY PROJECT**
# **(A company limited by guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021**
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
|**CONTENTS**||
|---|---|
||Page|
|**Reference and administrative details of the charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 6|
|**Independent examiner's report**|7|
|**Statement of financial activities**|8|
|**Balance sheet**|9 - 10|
|**Notes to the financial statements**|11 - 23|
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021**
|**Trustees**|D Maloney|
|---|---|
||E McDermott (resigned 30 June 2020)|
||M Gilmour|
||K Harrigan|
||J Delaney (resigned 30 June 2020)|
||E Watkins (resigned 30 June 2020)|
||J Peel (appointed 30 June 2020)|
||L Schofield (appointed 30 June 2020)|
||D Taylor (appointed 30 June 2020)|
|**Company registered**
**number**
02692285
**Charity registered**
**number**
1027441
**Registered office**
29-31 Parkhill Road
Hampstead
London
NW3 2YH
**Company secretary**
Emma Wiener
**Accountants**
Berg Kaprow Lewis LLP
Chartered Accountants
35 Ballards Lane
London
N3 1XW||
Page 1
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021**
The Trustees present their annual report together with the financial statements of the charity for the 1 April 2020 to 31 March 2021. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
The objects of the charity are related to the provision of facilities to further educational, physical, mental and spiritual development of children so that their conditions of life may be improved. The charity offers safe and stimulating play and recreational activities for children and provides opportunities for them to grow, develop and improve their general well-being. Services provided include a breakfast club which includes drop-off at two local schools and after school club which Includes collection from three local schools. All day play schemes are provided during school holidays. The charity operates at one location in the London Borough of Camden, London.
## **b. Strategies for achieving objectives**
The trustees, management and staff understand the importance of child directed, old fashioned play. The play curriculum is based on empowerment, choice, participation and equal opportunities. Children are offered activities and opportunities to acquire and develop a range of skills. Staff are available to provide guidance as required and ensure a safe environment for alt'children.
## **c. Activities undertaken to achieve objectives**
The charity provides an inclusive service enabling access by children in need, children with disabilities and children from low income working families. All children are offered the same opportunities irrespective of socioeconomic background. The charity works closely with London Borough of Camden to regularly assess and review services.
The charity has also formed partnerships with local schools and other community organisations enabling them to use the facilities at the site so that they may provide activities to their own students or members.
## **d. Main activities undertaken to further the charity's purposes for the public benefit**
The trustees confirm that they have referred to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and providing activities.
Page 2
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Achievements and performance**
## **a. Main achievements of the charity**
The charity has continued its core activity of providing play facilities to children residing in the London Borough of Camden. The facilities provided have been improved during the year by way of continuing upgrade to play facilities.
The trustees and management have reviewed the facilities and resources to ensure as far as possible that the site is used throughout the day while respecting the lives of residents in the surrounding area. This includes providing facilities to local schools during the school day and also to schools and local youth clubs outside of school time.
Commissioning income from the London Borough of Camden is the main source of income and fees from parents and carers provide the balance of core funding. This has meant the play project has continued to undertake careful budgeting of expenditure. A significant proportion of the charity's income is expended upon salaries to provide play and youth work services. The charity also provides support and facilities to community organisations in Camden including a community nursery, local schools and local youth football clubs.
The last year has been a challenging one and in March 2020 we were asked to close our doors due to government Covid restrictions. The majority of staff were furloughed. Following discussions with members we started what became the “gardens for all project", opening up outdoor areas for local families to use and provide a safe environment to play outdoors.
Three Acres and other play projects within the Camden borough came together to pack and distribute hundreds of play packs to children across Camden during April and May 2020.
From June 2020 we were able to provide play afternoons for children that were not able to attend school and were struggling emotionally with the lockdown; the majority of children that attended were children with no siblings.
In July 2020 Three Acres was able to open and welcome children back to summer playscheme. The summer playscheme was planned and operated in compliance with government guidelines and was very different to how we would normally operate; families were just glad to be back, as so our “bubble`’ life started.
The charity received emergency funding from London Borough of Camden to supplement income shortfall and to also cover additional expenditure due to implementing and operating within government Covid guidelines.
The improvements to play structures and buildings during the past six years put Three Acres in a favourable position to continue to offer a safe and high quality play environment whilst still complying with the government restriction required due to Covid. We look forward to continuing our redevelopment of 3 Acres in the coming years focusing on improvements to the main building.
Page 3
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
The play project has continued to plan, develop and provide services to its members. Annual commissioning income from the London Borough of Camden is the main source of income and fees from parents and carers provide the balance of core funding. This has meant the play project has continued to undertake careful budgeting of expenditure.
The charity receives commissioning income from the London Borough of Camden and service fees from members who include parents and carers. A significant proportion of the charity's income is expended upon salaries to provide play and youth work services.
During the last year, Three Acres supported families through distributing play packs and the “gardens for all” scheme, we continued to stay open and provide services for children of key workers through the 2nd and 3rd lockdown.
The play project had net incoming resources of £38,775 (2020 - £23,673) for the year. At 31 March 2021 reserves stood at £416,704 (2020 - £377,929).
## **b. Reserves policy**
The trustees have established a policy whereby the unrestricted funds are accumulated to enable the charity to meet its immediate cash flow requirements. The trustees have set a requirement of three months expenditure and have considered this to be £60,000. The charity currently hold unrestricted funds in excess of this amount and is therefore maintaining the reserves policy.
During the year ended 31 March 2016, the trustees created a designated capital improvements reserve of £60,000 to be set aside tor future capital expenditure and development of existing buildings and structures.
## **c. Principal risks and uncertainties**
The trustees have conducted a review of the major risks to which the charity is exposed. External risks to funding have led to the continual review of income arising from parental support and hiring of facilities, internal risks are minimised by careful consideration of the laws and regulations relating to its activities.
## **Structure, governance and management**
## **a. Constitution**
The organisation is a charitable company limited by guarantee as defined by the Companies Act 2006. The company was established under a memorandum of association which established the objects and powers of the charitable company. The company is governed under its articles of association. The company has no share capital however in the event of the company being wound up, current members and members whose membership ceased in the 12 months prior to the date of winding up, are required to contribute an amount not exceeding £1.
The principal object of the company is to provide play and youth work services in the NW3 area of Camden.
Page 4
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Structure, governance and management (continued)**
## **b. Methods of appointment or election of Trustees**
Pursuant to the terms of the articles of association, the trustees consist of a minimum of four and a maximum of fourteen in number. Up to ten trustees are elected by the members of the charity. The trustees also have the power to co-opt up to four additional trustees at their discretion.
All new trustees are provided with sufficient background information regarding the charity's finances and activities in order to ensure they can carry out their role in a satisfactory and responsible manner. Training is provided if considered appropriate.
The role of trustee is voluntary and no trustees received any remuneration or other benefits from the charity during the financial year.
## **c. Organisational structure and decision-making policies**
The trustees meet as a management committee at least eight times each year. At these meetings the trustees receive reports from the charity's management and make decisions on strategy, policy and financial matters.
The trustees have delegated the day to day management of the charity to Emma Wiener, Manager, who has held this position since 1999.
## **d. Trustees' indemnities**
During the year the charity paid £909 (2020 - £1,058) for insurance cover for directors and officers.
## **Plans for future periods**
The activities of the chanty are expected to remain unchanged for the foreseeable future.
The trustees will continue to recycle and replace play structures as well as improving the facilities to benefit members.
Page 5
## **THREE ACRES COMMUNITY PLAY PROJECT (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, 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 of the Charities SORP (FRS 102);
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) 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 charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
## D Maloney
................................................
## **D Maloney**
Trustee Date: 26/01/2022
Page 6
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021**
## **Independent Examiner's Report to the Trustees of Three Acres Community Play Project ('the charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2021.
## **Responsibilities and Basis of Report**
As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
## Ian Saunderson
27/01/2022
Signed:
Dated:
Ian Saunderson FCA
## **Berg Kaprow Lewis LLP**
Chartered Accountants
Page 7
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021**
|**Note**
**Income from:**
Donations and legacies
2
Charitable activities
3
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**61,182**
**203,959**
**115**
**265,256**
**223,981**
**223,981**
**41,275**
**370,429**
**41,275**
**411,704**|**Restricted**
**funds**
**2021**
**£**
**25,000**
**-**
**-**
**25,000**
**27,500**
**27,500**
**(2,500)**
**7,500**
**(2,500)**
**5,000**|**Total**
**funds**
**2021**
**£**
**86,182**
**203,959**
**115**
**290,256**
**251,481**
**251,481**
**38,775**
**377,929**
**38,775**
**416,704**|_Total_
_funds_
_2020_
_£_
_39,000_
_300,383_
_556_|
|---|---|---|---|---|
|||||_339,939_|
|||||_316,266_|
|||||_316,266_|
|||||_23,673_|
|||||_354,256_
_23,673_|
|||||_377,929_|
The notes on pages 11 to 23 form part of these financial statements.
Page 8
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee) REGISTERED NUMBER: 02692285**
## **BALANCE SHEET AS AT 31 MARCH 2021**
|**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
**Net current assets**
**Total net assets**
**Charity funds**
Restricted funds
12
Unrestricted funds
12
**Total funds**|**5,500**
**289,445**
**294,945**
**(18,362)**
**5,000**|**2021**
**£**
**140,121**
**140,121**
**276,583**
**416,704**
**411,704**
**416,704**|_5,728_
_271,456_
_277,184_
_(50,752)_
_7,500_|_2020_
_£_
_151,497_|
|---|---|---|---|---|
|||||_151,497_
_226,432_|
||||||
|||||_377,929_|
|||||_370,429_|
||||||
|||||_377,929_|
Page 9
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee) REGISTERED NUMBER: 02692285**
# **BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2021**
The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## D Maloney
................................................
**D Maloney** Trustee Date: 26/01/2022
The notes on pages 11 to 23 form part of these financial statements.
Page 10
**THREE ACRES COMMUNITY PLAY PROJECT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Three Acres Community Play Project meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **1.2 Going concern**
The charity has a stable income stream from the London Borough of Camden. Additionally, further income from members has been received since the year end date. Based on both this and the substantial cash balance and healthy net asset position of the charity, the Trustees believe that the current coronavirus pandemic will not unduly affect the ability of the charity to continue its operations.
The accounts have therefore been prepared on a going concern basis.
## **1.3 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **1.5 Government grants**
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.
## **1.6 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Page 11
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. Accounting policies (continued)**
## **1.7 Tangible fixed assets and depreciation**
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor vehicles - 25% reducing balance - Fixtures and fittings 25% straight line
## **1.8 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.9 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.10 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **1.11 Pensions**
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
Page 12
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. Accounting policies (continued)**
## **1.12 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **2. Income from donations and legacies**
|**Unrestricted**
**funds**
**2021**
**£**
Grants
30,700
Government grants
30,482
**Total 2021**
61,182|**Restricted**
**funds**
**2021**
**£**
25,000
-
25,000|**Total**
**funds**
**2021**
**£**
**55,700**
**30,482**|
|---|---|---|
|||**86,182**|
|Grants
_Total 2020_|_Restricted_
_funds_
_2020_
_£_
_39,000_
_39,000_|_Total_
_funds_
_2020_
_£_
_39,000_|
|---|---|---|
|||_39,000_|
Page 13
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **3. Income from charitable activities**
|**Unrestricted**
**funds**
**2021**
**£**
Parental charges
42,235
Provision of venue and facilities
34,227
London Borough of Camden service contract
127,497
**Total 2021**
203,959
_Unrestricted_
_funds_
_2020_
_£_
Parental charges
_121,369_
Provision of venue and facilities
_47,100_
London Borough of Camden service contract
_131,914_
_Total 2020_
_300,383_|**Total**
**funds**
**2021**
**£**
**42,235**
**34,227**
**127,497**|
|---|---|
||**203,959**|
||_Total_
_funds_
_2020_
_£_
_121,369_
_47,100_
_131,914_|
||_300,383_|
Page 14
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **4. Investment income**
|**Unrestricted**
**funds**
**2021**
**£**
Bank interest receivable
115
_Unrestricted_
_funds_
_2020_
_£_
Bank interest receivable
_556_|**Total**
**funds**
**2021**
**£**
**115**|
|---|---|
||_Total_
_funds_
_2020_
_£_
_556_|
## **5. Analysis of charitable activities**
|Direct costs
Direct costs|**Activities**
**undertaken**
**directly**
**2021**
**£**
240,895
_Activities_
_undertaken_
_directly_
_2020_
_£_
_302,644_|**Support**
**costs**
**2021**
**£**
10,586
_Support_
_costs_
_2020_
_£_
_13,622_|**Total**
**funds**
**2021**
**£**
**251,481**|
|---|---|---|---|
||||_Total_
_funds_
_2020_
_£_
_316,266_|
Page 15
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **5. Analysis of charitable activities (continued)**
## **Analysis of direct costs**
|Staff costs
Depreciation
Cost of events and activities
Transport
Premise cost
Staff costs
Depreciation
Cost of events and activities
Transport
Professional fees
Premise cost|**Activities**
**2021**
**£**
178,683
11,375
17,270
1,550
32,017
240,895
_Activities_
_2020_
_£_
_175,354_
_8,657_
_34,622_
_3,343_
_11,902_
_68,766_
_302,644_|**Total**
**funds**
**2021**
**£**
**178,683**
**11,375**
**17,270**
**1,550**
**32,017**|
|---|---|---|
|||**240,895**|
|||_Total_
_funds_
_2020_
_£_
_175,354_
_8,657_
_34,622_
_3,343_
_11,902_
_68,766_|
|||_302,644_|
Page 16
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **5. Analysis of charitable activities (continued)**
## **Analysis of support costs**
|Telephone
Stationary, printing and postage
Bank charges
Sundry costs
Professional fees|**Activities**
**2021**
**£**
3,159
1,204
1,462
1,248
3,513
10,586|**Total**
**funds**
**2021**
**£**
**3,159**
**1,204**
**1,462**
**1,248**
**3,513**|
|---|---|---|
|||**10,586**|
|Telephone
Stationary, printing and postage
Bank charges
Sundry costs
Professional fees|_Activities_
_2020_
_£_
_3,229_
_3,319_
_1,667_
_732_
_4,675_
_13,622_|_Total_
_funds_
_2020_
_£_
_3,229_
_3,319_
_1,667_
_732_
_4,675_|
|---|---|---|
|||_13,622_|
## **6.**
## **Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £3,200 ( _2020_ - _£3,180_ ).
Page 17
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **7. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2021**
**£**
**164,081**
**12,068**
**2,534**
**178,683**|_2020_
_£_
_164,407_
_8,752_
_2,195_|
|---|---|---|
||||
|||_175,354_|
The average number of persons employed by the charity during the year was as follows:
|**2021**|_2020_|
|---|---|
|**No.**|_No._|
|**10**|_11_|
No employee received remuneration amounting to more than £60,000 in either year.
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2020 - £NIL)_ .
During the year ended 31 March 2021, no Trustee expenses have been incurred _(2020 - £NIL)_ .
Page 18
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **9. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2020
At 31 March 2021
**Depreciation**
At 1 April 2020
Charge for the year
At 31 March 2021
**Net book value**
At 31 March 2021
_At 31 March 2020_
**10.**
**Debtors**
**Due within one year**
Other debtors|**Motor**
**vehicles**
**£**
**2,850**
**2,850**
**1,960**
**223**
**2,183**
**667**
_890_|**Fixtures and**
**fittings**
**£**
**231,763**
**231,763**
**81,156**
**11,153**
**92,309**
**139,454**
_150,607_
**2021**
**£**
**5,500**
**5,500**|**Total**
**£**
**234,613**|
|---|---|---|---|
||||**234,613**|
||||**83,116**
**11,376**|
||||**94,492**|
||||**140,121**|
||||_151,497_|
||||_2020_
_£_
_5,728_
_5,728_|
Page 19
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **11. Creditors: Amounts falling due within one year**
|Other taxation and social security
Wages payable
Accruals and deferred income|**2021**
**£**
**1,981**
**123**
**16,258**
**18,362**|_2020_
_£_
_3,039_
_-_
_47,713_|
|---|---|---|
||||
|||_50,752_|
Page 20
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
|**12.**
**Statement of funds**
**Statement of funds - current year**
Designated Funds - all funds
General Funds - all funds
**Restricted funds**
Staff Fund
Refurbishment Fund
**Total of funds**|**Balance at 1**
**April 2020**
**£**
**41,700**
**328,729**
**-**
**7,500**
**7,500**
**377,929**|**Income**
**£**
**-**
**265,256**
**25,000**
**-**
**25,000**
**290,256**|**Expenditure**
**£**
**-**
**(223,981)**
**(25,000)**
**(2,500)**
**(27,500)**
**(251,481)**|**Balance at**
**31 March**
**2021**
**£**
**41,700**|
|---|---|---|---|---|
|||||**370,004**|
|||||**-**
**5,000**|
|||||**5,000**|
|||||**416,704**|
Page 21
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **12. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
Designated Funds - all funds
General Funds - all funds
**Total Unrestricted funds**
**Restricted funds**
School Holiday Activity Fund
Staff Fund
Refurbishment Fund
**Total of funds**|_Balance at_
_1 April 2019_
_£_
_41,700_
_312,556_
_354,256_
_-_
_-_
_-_
_-_
_354,256_|_Income_
_£_
_-_
_300,939_
_-_
_4,000_
_25,000_
_10,000_
_39,000_
_39,000_|_Expenditure_
_£_
_-_
_(284,766)_
_(284,766)_
_(4,000)_
_(25,000)_
_(2,500)_
_(31,500)_
_(316,266)_|_Balance at_
_31 March_
_2020_
_£_
_41,700_|
|---|---|---|---|---|
|||||_328,729_|
|||||_370,429_|
|||||_-_
_-_
_7,500_|
|||||_7,500_|
|||||_377,929_|
Designated funds relate to funds earmarked by the trustees for capital improvements.
Page 22
## **THREE ACRES COMMUNITY PLAY PROJECT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **13. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2021**
**£**
Tangible fixed assets
135,121
Current assets
294,945
Creditors due within one year
(18,362)
**Total**
411,704|**Restricted**
**funds**
**2021**
**£**
5,000
-
-
5,000|**Total**
**funds**
**2021**
**£**
**140,121**
**294,945**
**(18,362)**
**416,704**|
|---|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2020_
_£_
_143,997_
_277,184_
_(50,752)_
_370,429_|_Restricted_
_funds_
_2020_
_£_
_7,500_
_-_
_-_
_7,500_|_Total_
_funds_
_2020_
_£_
_151,497_
_277,184_
_(50,752)_
_377,929_|
|---|---|---|---|
## **14. Pension commitments**
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund.
## **15. Related party transactions**
A number of trustees have children who attend the childcare services run by Three Acres Community Play Project. The trustees are charged the same rates as members of the public whose children use the services provided.
Page 23
Three Acres Community Play Project
29-31 Parkhill Road, Hampstead, London, NW3 2YH
Date..
2610112022
Your ref.. IHSIT0825
Berg Kaprow Lewis LLP
35 Ballards Lane
London
N3 1XW
Dear Sir5
Three Acres Community Play Project
We confirm to the best of our knowledge and beliel, and having made appropriate enquiries of other
director5 and officia15 of the company, the following representations in connection with your report on
the company's financial statements for the year ended 31 March 2021.
We acknowledge that the work performed by you is substantially less In scope than an audit
performed in accordance with Auditing Standards and that you do not express an audit opinion.
We confirm that the company was entitled to exemption under Section 477 of the Companies Act
2006 from the requirement lo have its financial statements for the financial year ended 31 March
2021 audited. We a150 confirm that the members have not required the company to obtain an
audit of its financial statements for the financial year in accordance with Section 476 of the
Companies Act 2006.
We acknowledge as directors our responsibility for the financial statements which give a true and
fair view in accordance with the requirements of Section5 394-396 of the Companie5 ACL 2006 and
with the requirements of the Charities Act 2011 and which otherwise comply with the
requirements of those acts relating to financial statements, so far as applicable to the company All
the accounting records have been made available to you and all transactions undertaken by the
company have been properly reflected in those accounting records. All records and related
Règistered olfice.- 29-31 Parkhill R03d. Hampste3d. London. NW3 2YH
Registered In EnglBnd & Wales no. 2692285
Registered charity no. 1027441
information, including the minutes of the direitor5' and members, meetings have been made
available to you.
We confirm that we have maintained proper accounting records, as required by the Companies Act
2006.
We confirm that assets are Included on the balance sheet at no more than their recoverable
arnount5 and that liabilitie5 are included at their expected cost to the company.
We confirm, to the best of our knowledge and belief, that there have been no instances of non-
compliance or breaches of any laws or regulations which are essenti31 to the activities of the
company's activitie5.
We confirm that we are not aware of any pending litigation which may result in a significant loss to
the company.
We Confirm that there were no contingent liabilitie5 or lease commitment5 at the balance Sheet
date.
We believe that the company's financial statements should be prepared on a going concern basis
on the grounds that current and future sources of funding and Support will be more than adequate
for the company's needs. We have considered a period of twelve months from the date of
approval of the financial staternents. We believe that no further disclosures relating to the
company's ability to continue as a going concern need to be made in the financial statements.
We confirm that there were no transactions with related parties of the company or amounts due to
or from related parties at the balance sheet dale which are required lo be disclosed In the financial
Staternents other than those which are detailed in the notes to the financial statements.
We confirm that there have been no events since the balance sheet date which nece551tate revision
of the figures Included In the financial statements or disclosure in the notes to the financial
Statements. Should further material events occur, which may necesSltate revision of the figures
included in the financial statement5 or inclusion of a note thereto, we will advise you accordingly.
Yours faithfully
Three Acres Community Play Project
Signed on behalf of the Board of Director5
PAGE20F2