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 2025

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the charity. its Trustees and advisers
Trustees. report
Independent examiner's report
ststement of financial activities
Balance sheet
9-10
Notes to the financial statements

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 2025
Trustees
D Maloney
M Gilmour
D Taylor
K Harrigan
J Peel
L Schofield
Company registered
number
02692285
Charity registered
number
1027441
Registered office
29-31 Parkhill Road
Hampstead
London
NW3 2YH
Company secretary
Emma Wiener
Independent Examiner
Edward Passmore FCA
BKL Audit LLP
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 2025
The Trustees present their annual report together with the financial statements of the charity for the period from
1 April 2024 to 31 March 2025. 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 ISORPI
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).
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. SeNices provided include a breakfast club which includes drop-off at ￿0 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 Importan￿ 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 all children.
c. Activities undertaken to achieve objectives
The charity provides an inclusive setvice 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 seNices.
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 charty's purposes for the public benefit
The trustees confim that they have referred to the public benefit guidance published by the Charity Commission
when reviewing the charity's aims and objects'ves and providing activities.
Page 2

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Strategic report
Achievements and performance
a. Main achievements of the charity
The charity continues its core mission of providing eX￿ptIOnal play facilities for children in the London Borough
of Camden. Throughout the year, the charity has implemented significant upgrades to enhance the quality and
safety of facilities.
The trustees and management conduct regular reviews of resources and facilities, ensuring optimal utilisation
throughout the day while maintaining respect for the surrounding residents. The charity provides access to local
schools during school hours and extended SeNi￿S to schools and youth clubs beyond those hours.
The primary funding source is commissioning income from the London Borough of Camden as well as fees
from parents and carers. This robust funding model allows the charity to effectively manage budgets and ensure
long-term sustainability. A substantial portion of income is expended upon staff salaries, who deliver invaluable
play and youth work services. The charity also actively supports community organisations in Camden, including
a community nursery, local schools and youth football clubs.
The charity is committed to championing the voices of children and values their input. In response to ideas, an
art club has been launched during the after-school program, providing children with invaluable opportunities to
socialise and explore their creativity and selfexpression.
The charity also works closely with other play projects in Camden and are actively involved in the Holiday
Activity Fund (HAF) project. Through this initiative. spa￿S are offered during school holidays to children eligible
for free school meals, ensuring access to enriching play activits-es alongside nutritious packed lunches.
Page 3

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Strategic report (continued)
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 setvices.
The play project had net incoming resources of £49,906 (2024 - £659) for the year. At 31 March 2025 reserves
stood at £492,418 (2024 - £442.512).
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 reseNes policy.
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 seNices 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 2025
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 C(￿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 re￿iVed 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 Sin￿ 1999.
d. Trustees. indemnities
During the year the charity paid £969 (2024 - £959) for Insuran￿ cover for directors and officers.
Plans for future periods
The activities of the charity 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 2025
ststement of Trustees. responsibilities
The Trustees (who are also the directors of the charity for the purposes of company lawl are responsible for
preparing the Trustees, report including the Strategic 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 pnnciples 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..
Z)avil Malomgy
D Maloney
(Trustee)
0610112026
Page 6

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent Examinerfs 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
2025.
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 sectson 145(5)(bl of the 2011 Act.
Independent Examiner's Statement
Since the charity's gross income ex￿eded £250.000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l 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..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or
the accounts do not accord with those records,. or
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
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 l 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.
Signed. E8kb¥w8 Dated. 0810112026
Edward Passmore FCA
BKL Audit LLP
35 Ballards Lane
London
N3 1XW
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 2025
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies
Charitable activities
Investments
5, 000
300,513
4, 555
350,514
5,493
350,514
5,493
Total income
356,007
356,007
310,068
Expenditure on:
Charitable activities
306,101
306,101
309,409
Total expenditure
306,101
306,101
309,409
Net movement in funds
49,906
49,906
659
Reconciliation of funds:
Total funds brought forward
Net movement in funds
442,512
49,906
442,512
49,906
441,853
659
Total funds carried forward
492,418
492,418
442,512
The notes on pages 11 to 21 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 2025
2025
2024
Note
Fixed assets
Tangible assets
101,034
112,833
101,034
112,833
Current assets
Debtors
10
16,000
398,254
18,594
329, 391
Cash at bank and in hand
414.254
347,985
Current liabilities
Creditors.. amounts falling due within one
year
(22,870)
(18,306)
Net current assets
391,384
329,679
Total net assets
492,418
442,512
Charity funds
Unrestricted funds
Designated funds
General funds
12
200.000
292,418
200, 000
242,512
12
Total unrestricted funds
12
492,418
442,512
Total funds
492,418
442,512
Page 9

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
REGISTERED NUMBER: 02692285
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
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 accordan￿ 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
Trustee
0610112026
The notes on pages 11 to 21 form part of these financial statements.
Page10

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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 20191, 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 othe￿iSe
stated in the relevant accounting policy.
1.2 Going concern
After making appropriate enquiries. the trustees have a reasonable expectation that the company
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.
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 paty. 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 Interest receivable
Interest on funds held on deposit is included when re￿1vable and the amount can be measured
reliably by the charity,. this is normally upon nots-fication of the interest paid or payable by the
institution with whom the funds are deposited.
Page11

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
1.6 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 be￿een the carrying
value of fixed assets and their recoverable amounts are recognised as impairments. Impairment
losses are recognised in the Statement of financial activits'es 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
Fixtures and fittings
25°/0 reducing balan
25°/0 Straight line
1.7 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.
1.8 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.
1.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balan￿ 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.
1.10 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 2025
Accounting policies (continued)
1.11 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.
Income from donations and legacies
Unrestricted
funds
2025
Total
funds
2025
Government grants
Unrestricted
funds
2024
Total
funds
2024
Government grants
5, 000
5, 000
Income from charitable activities
Unrestricted
funds
2025
Total
funds
2025
Parental charges
Provision of venue and facilities
London Borough of Camden service contract
141,084
35,409
174,021
141.084
35,409
174.021
Total 2025
350,514
350.514
Page13

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from charitable activities (continued)
Unrestricted
funds
2024
Total
funds
2024
Parental charges
Provision of venue and facilities
118,848
49,094
132,571
118,848
49,094
132,571
London Borough of Camden service contract
Total 2024
300,513
300,513
Investment income
Unrestricted
funds
2025
Total
funds
2025
Bank interest receivable
5,493
5,493
Unrestricted
funds
2024
Total
funds
2024
Bank interest re￿1vable
4, 555
4, 555
Analysis of charitable activities
Activities
undertaken
directly
2025
Support
costs
2025
Total
funds
2025
Running the Play Project
291,016
15,085
306,101
Page 14

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Anatysis of charitable activities (continued)
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Running the Play Project
295, 850
13,559
309, 409
Anatysis of direct costs
Running the
Play Project
2025
Total
funds
2025
Staff costs
Depreciation
Cost of events and activities
Transport
Professional fees
Premises cost
208,939
11,799
25,326
294
208,939
11.799
25,326
294
2,746
41,912
2,746
41.912
291,016
291.016
Running the
Play Project
2024
Total
funds
2024
Staff costs
199,490
11,363
26,568
430
199,490
11,363
26, 568
430
Depreciation
Cost of events and activities
Transport
Professional fees
2,074
55, 925
2,074
55, 925
Premises cost
295. 850
295, 850
Page15

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Anatysis of charitable activities (continued)
Anatysis of support costs
Running the
Play Project
2025
Total
funds
2025
Telephone
Stationery, printing and postage
Bank charges
Sundry costs
Professional fees
5,088
2,374
1,433
1,664
4,526
5.088
2,374
1.433
1,664
4.526
15,085
15.085
Running the
Play Project
2024
Total
funds
2024
Telephone
Stationery, printing and postage
Bank charges
Sundry costs
Professional fees
4,117
2,031
1,822
2,274
3,315
4,117
2,031
1,822
2,274
3,315
13,559
13,559
Independent examiner's remuneration
The independent examinerfs remuneration amounts to an independent examiner fee of £3,900 (2024
£3, 600).
Page 16

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Stsff costs
2025
2024
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
196.282
9,398
3.259
182, 800
13,397
3, 293
208,939
199,490
The average number of persons employed by the charity during the year was as follows..
2025
No.
2024
No.
Administration
11
11
No employee re￿iVed remuneration amounting to more than £60,000 in either year.
Key Management Personnel consist of the Manager and Deputy Manager. The total employee
remuneration and benefits of the Key Management Personnel of the Charity were £72,181 (2024..
£78,236)
Page17

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025. no Trustee expenses have been incurred (2024 - £NIL).
Tangible fixed assets
Motor Fixtures and
vehicles
fittings
Total
Cost or valuation
At 1 April 2024
2,850
238,433
241,283
At 31 March 2025
2.850
238,433
241.283
Depreciation
At 1 April 2024
Charge for the year
2,569
70
125,881
11,729
128,450
11.799
At 31 March 2025
2,639
137,610
140,249
Net book value
At 31 March 2025
100,823
101.034
At 31 March 2024
281
112,552
112,833
10. Debtors
2025
2024
Due within one year
Other debtors
16,000
18,594
16,000
18,594
Page18

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11. Creditors: Amounts falling due within one year
2025
2024
other taxation and social security
Wages payable
Accruals and deferred income
2.612
2,157
18.101
3, 383
446
14,477
22,870
18,306
12. Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Income Expenditure
Unrestricted funds
Designated funds
Capital Improvements
Wind-down
140,000
60,000
140,000
60,000
200,000
200,000
General funds
General Funds- all funds
242,512
356,007
(306,101
292,418
Total Unrestricted funds
442,512
356.007
(306,101)
492,418
Capital Improvements
The trustees designated a portion of unrestricted fvnds for the purposes of future capital expenditure
and development of existing buildings and structures.
Refurbishment Fund
This fund consists of a fixed asset fvnded solely by donation for this purpose. Depreciation is allocated
against this fund over the assets useful life.
Wind-down
Funds set aside to cover the expected costs of winding up the charity in the eventuality it is required.
Page19

THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. Ststement of funds {continued)
ststement of funds - prior year
Balance at
31 March
2024
Balan￿ at
1 Apnl 2023
Income Expenditure
Unrestricted funds
Designated funds
Capital Improvements
Wind-down
41.700
98,300
60, 000
140. 000
60, 000
41,700
158, 300
200, 000
General funds
General Funds- all funds
400, 153
151,768
(309,409)
242,512
Total Unrestricted funds
441,853
310,068
(309,409)
442,512
13.
Analysis of net assets between funds
Anatysis of net assets between funds - current year
Unrestricted
funds
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
101,034
414,254
(22,870)
101,034
414,254
(22,870)
Total
492,418
492,418
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THREE ACRES COMMUNITY PLAY PROJECT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. Analysis of net assets between funds (continued)
Anatysis of net assets between funds - prior year
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
112,833
347,985
(18,306)
112,833
347,985
(18,306)
Creditors due within one year
Total
442,512
442,512
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 SeNi￿S 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 21