2021-03-31-accounts

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MILTON KEYNES PLAY ASSOCIATION (A company Limited by guarantee)

REPORT OF THE DIRECTORS AND

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FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

COMPANY NUMBER: 03051975

CHARITY NUMBER: 1047318

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MILTON KEYNES PLAY ASSOCIATION {A company Limited by guarantee)

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||||| |---|---|---|---| |CONTENTS|PAGE| |Company Information|1| |Report of|the Directors|2-§| |Independent Examiner's Report to Members|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes to the Financial Statements|9-16|an|)|

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MILTON KEYNES PLAY ASSOCIATION {A company Limited by guarantee)

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{A company Limitedcompany LimitedLimited by guarantee)guarantee)
	LEGAL&ADMINISTRATIVEINFORMATION
Directors in officeduringtheyear	FORTHEYEARENDED32MARCH2021		,
Andonthedatethereportwasapproved,
wereasfollows:	DavidCarty(resigned20/09/2020)
	Marie DianeJay (appointed02/06/2020)
	Sheryl LisaMayes(resigned16/04/2021)
	JonoPoon
	Jonathan Robert Elvin (appointed 07/01/2021)
	Lucinda Mobaraki(appointed25/01/2021)				7
	CostasStathis(appointed07/01/2021)
	DrLindaMarieWard(appointed24/01/2021)
	KennethOuncan Wilson (appointed02/12/2020}
Principaloffice:	2 BurnersLane
	Kiln Farm
	Milton Keynes
	Buckinghamshire MK113HB
CompanyRegistrationNumber:	03051975(EnglandandWales)
Charityregistrationnumber:	1047318
Bankers:	NationalWestminsterBankplc
	80 High Street
	StonyStratford
	Milton Keynes
	MK1i1 1A
IndependentExaminer:	RHammondFCA
;	HainesWattsAccountants	me		oo
	First Floor
	Woburn Court
	2Railton Road, WoburnRoad Industrial Estate
	Kempston, Beds
	MK427PN

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MILTON KEYNES PLAYASSOCIATION (A company Limited by guarantee)

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REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2021

The Directors, listed on Page 3, who are also Trustees ofthe Association, Present their report and the accounts for the Association for the year ended 31 March 2021.

Structure, governance and management . Governance The Milton Keynes Play Association is a company limited by guarantee and a registered charity and is governed. by itsOo ‘MemorandumTrustee recruitment and Articles (which in turn incorporated the governing document adopted prior to Incorporation). The Trustees are appointed by members at the AGM each year and are members of the public who have expressed a particular interest in serving as trustees of MKPA, New Trustees are introduced to the work of the MKPA by the staff Organisationaland Trustees and structure provided with whatever assistance they need to perform their duties effectively, Thethe Trustees/Directors, meet as a Board on a regular basis and are responsible for the management of the affairsms of MKPA. All major decisions are made by the Board, including the approval of annual accounts as well as material agreements, major capital expenditures, budgets and fong range Strategic plans and they have delegated day to day Operation decisions to the senior staff. All Trustees are non-executive.

MKPA is one of the longest running charitable Organisations in Milton Keynes, with over 40 years’ experience of Supporting child-centred play. MKPA supports parents, childminders and a range of organisations Including After School Clubs, Nurseries and Schools who Provide services to children and young people. MKPA also partners with Parish & Town Councils and has close liaison with other organisations such as MK Parks Trust, Community Action: MK and other voluntary and community groups.

Risk The principal risks to which the charity is exposed relate to the Safety of the children and young people with wham it. is in direct contact and to funding its sustainability. Procedures, which are reviewed at least annually, are in place to - manage the risks involved in dealing with children and young people. The Trustees review regularly the MKPA’s Impactfinancial of situation the financial to enablerisks, them to take appropriate action to minimise as far as possible the probability and likely

Pay policy The Charity has benefitted greatly from the input of volunteers. The financial value ofthe hours the volunteers have given ta the company Is not reflected in the accounts.

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MILTON KEYNES PLAYASSOCIATION

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"(A company Limited by guarantee)

OBJECTIVES AND ACTIVITIES

REPORT OF THE DIRECTORS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Objectives The objectives of Milton Keynes Play Association is to Provide professional play services across Milton Keynes. Sharing _ our skills, and knowledge, and Providing low-cost resources, equipment and training. With nearly SO years’... Publicexperience, benefit we champion pay on behalf of children, young adults, their families & carers, and the wider community The MKPA carries out a wide range of activities in pursuance of its charitable objectives, for example providing opportunities for open access play in parks and green Spaces across Milton Keynes, training for those working with children, specialist play equipment and play resources from our Scrapstore and shap. The Trustees consider that all of the activities it undertakes meet the test of public benefit, by meeting the needs of children and young peopie in Milton Keynes and of those who are directly responsible for their care and the wider community.

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The two core aims of MKPA are:

• ¢ Making Play Happen — we want all children in Milton Keynes and the surrounding area to have the Opportunity to direct their own play in an open and accessible environment.

• ° Making Play Matter ~ we want to ensure that the statutory, private, voluntary and community sector understand the value of child-centre, free play, and that the organisations that work with the children are

• Vision trained and resourced to provide high quality play opportunities. Our vision Is to ensure that all children in Milton Keynes have the Opportunity to learn through play. To achieve this vision, we aim to ensure that; ¢ All children have access to indoor and outdoor play facilities. ¢ Materials are avaitable to families, nurseries. Schools, and all other childcare providers to support learning through play

• a ee * ~ Education and training is available to ensure the safe provision of play for all children

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• Achievements and performance MKPA operates three core services: ® Play Activities e — Sale of play materials and scrapstore

• The DBS checks services was discontinued during the year

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: MILTON KEYNES PLAY ASSOCIATION KEYNES PLAY ASSOCIATION PLAY ASSOCIATION ASSOCIATION Ee (A company Limited by guarantee) company Limited by guarantee) Limited by guarantee) by guarantee) guarantee)

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MILTON KEYNES PLAY ASSOCIATION KEYNES PLAY ASSOCIATION PLAY ASSOCIATION ASSOCIATION BO , (A company Limited by guarantee) company Limited by guarantee) Limited by guarantee) by guarantee) guarantee) , . So no , ; REPORT OF THE DIRECTORS (CONTINUED) ke oe FOR THE YEAR ENDED 31 MARCH 2021 eee ee | Play Services are central to the delivery of the charitable objects of the company. We currently deliver Open‘Access i. o Play sessions to Parish Council in Milton Keynes and Scrapshacks in several schools (a large container filled with: - recycled/upcycled materials and equipment suitable for outdoor creative play). ) Sale of play materials and scrapstore (which takes re-usable waste products from companies which has play use) is hugely valued by our 1,500 members. Due to the restrictions imposed from the onset of Coronavirus the hire scheme for play equipment and the opening of the scrapstore was curtailed. ods a : Q in a . ) ae MKPAchildrenprovidesand younga widepeople,rangeandof trainingto inspireandanddevelopmentpromote a qualityopportunitiesplay service.to supportWe havethe needsextensiveof thoseexperiencewho carein thisfor . : ‘area, delivering around 150 courses to approximately 2,000 learners each year. ee - Woe Financial Review , - The charity made a surplus of £30,077 for the year compared to a loss of £10,571last year. This was largely due to the ; government support provided to the charity in the form of retail relief and coronavirus job retention scheme grants of £89,620 compared to a grant of £2,038 in the previous year. hag oe ety Most of the Charity’s income comes from play activities, training and the sale of play materials and scrapstore items. _ _ ' These activities were severely impacted by the restrictions imposed by the government to control the coronavirus and — income was down 43% on these activities compared to last year. The DBS checks carried out in previous years was , discontinued in the year. ce ! ? Expenditure was lower by 28% compared to the previous year because of the reduced was lower by 28% compared to the previous year because of the reduced lower by 28% compared to the previous year because of the reduced by 28% compared to the previous year because of the reduced 28% compared to the previous year because of the reduced compared to the previous year because of the reduced to the previous year because of the reduced the previous year because of the reduced previous year because of the reduced year because of the reduced because of the reduced of the reduced the reduced reduced level of activity. of activity. activity. 4... |... - _ Expenditure has not decreased by as much as the decline in revenue to the fixed overheads of the building, / redundancy costs from the closure of the DBS activity and the additional costs of complying with coronavirus . HO fictions ) Cs, _ Reserves |

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Expenditure was lower by 28% compared to the previous year because of the reduced was lower by 28% compared to the previous year because of the reduced lower by 28% compared to the previous year because of the reduced by 28% compared to the previous year because of the reduced 28% compared to the previous year because of the reduced compared to the previous year because of the reduced to the previous year because of the reduced the previous year because of the reduced previous year because of the reduced year because of the reduced because of the reduced of the reduced the reduced reduced level of activity. of activity. activity. 4... |... - _ Expenditure has not decreased by as much as the decline in revenue to the fixed overheads of the building, / redundancy costs from the closure of the DBS activity and the additional costs of complying with coronavirus . fictions ) Cs, _ Reserves The Trustees have established a policy whereby the total unrestricted funds not invested in tangible fixed assets and | not required to meet future obligations, being the “free services”, should be sufficient to support, future, grqwth ang 7 provide sufficient reserves for dealing with possible contingencies. ae a we Investment Policy ee ON __-The Trustees consider that the funds identified to meet the reserves policy should be held on deposit accounts to : "maintain access and generate income. Funds available above this level are considered by the Trustees for investment =» in income generating assets. or ce _ - 4 eo een HBE SE :

MILTON KEYNES PLAY ASSOCIATION

(A company Limited by guarantee)

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REPORT OF THE DIRECTORS (CONTINUED) Political and charitable donations FOR THE YEAR ENDED 31 MARCH 2021

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No charitable or political donations were made in this financial year.

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Plans for future periods

Much time over the year has been devoted to a review of the whole operation through a programme funded through Big Potential. The resulting report from the consultants was submitted toward the end of the year. An action plan has been produced which is to be worked on during 2020. Unfortunately, the bid for further investment funding as a result of the work done was ultimately unsuccessful, primarily as the scheme was oversubscribed.

Trustees’ responsibilities : The Trustees (who are also the directors of Milton Keynes Play Association for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees/Directors to prepare financial statements for each financial year. Under that law, the Trustees/Directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the Trustees/Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs ofthe charity and the income and expenditure of the charity for that period. oO

• In preparing these financial statements, the Directors are required to: © Select suitable accounting policies and then apply them consistently; © Observe the methods and principles in the Charities SORP; © Make judgements and accounting estimates that are reasonable and prudent; and ¢ Prepare the financial statements on the going concern basis unless sit is inappropriate to presume that

• The the charity will continue in operation. Trustees/Directors 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 ofthe 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 offraud and other irregularities.

Reappointment of independent examiner

Roger Hammond FCA of Haines Watts is deemed to be re- appointed as Independent examiner.

Signed by ordef bf[the][ Trustees]

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Marie Jay (Oirector/Trustee)
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Date: marty ee
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MILTON KEYNES PLAY ASSOCIATION

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(A company Limited by guarantee)

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS

• a FOR THE YEAR ENDED 31 MARCH 2021 ' >” | report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021 which are set out on pages 7 to 16

Responsibilities and basis of report

As the charity trustees of the company (and also 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 company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(S) (b) of the 2011 Act.

independent examiner's statement

The charity’s gross income exceeded £250,000 and | am qualified to undertake the examination by being a qualified member. of the Institute of Chartered Accountants in England and Wales (ICAEW). co es : | have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the company 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. 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).

| 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.

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Qavar Meersigad.
R Hammond FCA
Haines Watts Accountants
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Date: LB Oe Led |
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First Floor Woburn Court

2 Railton Road, Woburn Road Industrial Estate Kempston, Beds

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MK42 7PN
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MILTON KEYNES PLAY ASSOCIATION

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(A company Limited by guarantee)

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(A company Limited by guarantee)company Limited by guarantee)Limited by guarantee)by guarantee)guarantee) .					oo
	STATEMENTOFFINANCIALACTIVITIES
(INCORPORATINGTHEINCOMEANDEXPENDITUREACCOUNT)
	FORTHE YEARENDED31MARCH2021
Notes incomeand Endowments	Unrestricted funds £	Restricted funds £	Totalfunds 2021 £	Totalfunds 2020 £
Donationsandlegacies 10 Grants 11 Otherincome	13,256 88,120	- 1,500	13,256 89,620		6,499 2,038
Membershipfees Sundry Othertradingactivities	12,470 4,000	- .	12,470 4,000		22,361 1,633
Rentofsurplusaccommodation incomefrom charitable activities	18,272	-	18,272		16,659
Playactivities 3 Salesofplay materialsandScrapstore - Trainingactivities Administration	$1,926 41,516 36,004 2,466	: - - :	§1,926 41,516 36,004 2,466	'	88,085 66,331 79,710 32,493
TotalIncomeandendowments	268,030	1,500	269,530		315,809
Expenditure
Expenditureon charitable activities
Training 12 Playactivities 13 Playresources 14 Administration is	45,006 99,143 80,122 13,922	1,260 - - :	46,266 99,143 80,122 13,922		$3,454 126,085 92,730 $4,111
Totalexpenditure	238,193	1,260	239,453		326,380
Netincome/(deficit) beforetransfer Transfersbetweenfunds 17 Netmovementinfunds	29,837 240 30,077	240 (240) -	30,077 - 30,077		(10,571) - (10,571)
Reconciliation offunds
Totalfundsbroughtforward	13,650	-	13,650		24,221
Totalfundscarriedforward	43,727	-	43,727		13,650
The statement of Financial Activities includes all gains and recognisedgainsand losseshasnotbeen prepared. All oftheaboveamounts relatetocontinuingactivities. Thenotesonpages9to16formpartoftheseaccounts.		losses in the year	and therefore a statement of total
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The statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 9 to 16 form part of these accounts. . . , 7

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MILTON KEYNES PLAY ASSOCIATION . (A company Limited by guarantee) - Registered Number: 03051975 Number: 03051975 03051975

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Registered Number: 03051975 Number: 03051975 03051975 BALANCE SHEET a
FOR THE YEAR ENDED 31 MARCH 2021
Notes 2021 2020
Fixed assets £ £ r3 £
Tangible assets s) 5,611 3,055
Current assets
Goods for resale 5,865 4,214
Debtors & prepayments 6 24,826 28,735 ; ;
Cash in hand and at bank 7 56,815 18,337
Liabilities 87,506 $1,286
Creditors: Amounts falling due within one year
Creditors & Accruals 8 49,390 40,691
49,390 40,691
"Net Current Assets 38,116 10,595
Total Assets less Current Liabilities 43,727 13,650
Unrestricted income funds
General funds 43,727 13,650
Designated funds - -
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Total unrestricted funds 17 43,727 13,650
Total charity funds 43,727 13,650
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For the year ended 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees’ responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; mo, The Trustees acknowledge their responsibilities for complying with the requirements of the Act, with respect to Theseaccounting financial records statements and the were preparation approved by of financial the members statements. of the committee on the wal{ TURES 22021. and are MariesignedJay on (Director/T their prhaif<f by: : . The notes on pages 9 to 16 form part of these accounts.

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"MILTON KEYNES PLAY ASSOCIATION

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{A company Limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1. Statement of accounting policies a. These financial statements have been Prepared in compliance with FRS 102, “The Financial Reporting Standard applicable in the UK and the Republic of treland”, the 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) (Charities SORP (FRS 102) and the Charities Act 2011. b. The financial statements are Prepared on a going concern basis under the historical cost convention, modified ta include certain items at fair value. The financial statements are presented in sterling which {s the functional currency of the charity and rounded to the nearest £.

c. Potential impact of COVID-19

The trustees have considered the potential impact of Covid-19 to the charity. They believe that there will be an impact on its activities during the financial year to 31st March 2021. The charity carries out a significant amount of its work at events which have been hit significantly as a result of the imposed lockdown by the UK government including measures in place for social distancing and limits on public gatherings. These have reduced the income and costs of the charity.

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• d. Format

The company has taken advantage of the provisions of the Companies Act 2006 and presented an income and expenditure account in the form of a statement of financial activities an the grounds that it enables the - financial statements to show a true and fair view of the result for the year.

• @ Disclosure exemptions

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• The entity satisfied the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the foliawing disclosure exematians available under paragraph 1.12 of FRS 102: a) No cash flow statement has been presented for the charity.

• b) Disclosures in respect of financial instruments have not been presented.

• c) No disclosure has been given for the aggregate remuneration of key management personnel. .

• f. Fund accounting

Unrestricted funds are those which are available to be used by the Trustees at their discretion in furtherance of the charity's objects. Unrestricted funds also include any funds designated by the Trustees for a specific future purpose. Restricted funds are those which must be used only in accordance with the specific instructions imposed by the donors. Direct costs are charged as appropriate, but overheads are recovered from restricted funds only insofar as the terms of the funding permits.

g. Income All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

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MILTON KEYNES PLAYASSOCIATION (A company Limited by guarantee)

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• NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

• ¢ FOR THE YEAR ENDED 31 MARCH 2021 Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt

• ©© = Legacyis probable income and is its recognised amount can when be measured receipt is probable reliably. and entitlement is established, Se Income from donated goods is measured at the fair value of the goods unless this Is impractical to measure reliably, In which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be

• ¢ reliably measured. No amounts are included for the contribution of general volunteers, Income from contracts for the supply of services is recognised with the delivery of the contracted Service. This is classified as unrestricted funds unless there Is a contractual requirement far it to be spent

• h. Expenditureon a particular purpose and returned if unspent, in which case it may be regarded as restricted. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. When costs cannot be directly attributed to Particular headings, they have

• |. been allocated to activities on a basis consistent with the use ofthe resources. Goods for resale Stacks ofgoods for resale are value on the basis of Cost, less any provision for diminution in value. Stocks of

• donatedmaking a itemsdonation.are not valued on the balance sheet as this depends solely on members’ discretion, when -

• ]. Flxed assets All fixed assets are initially recorded at cost.

• k. Depreciation All assets will be depreciated at the following rates, designed to write off their cost less any residual value over their expected useful lives: Furniture and equipment 25.00% straight line Tequipment . Motor 33.33% straight line

• 1. vehicles 33.33% straight line Analysis of staff Costs, Trustee remuneration and cost of key management Personnel Staff costs 2021 2020 Salaries £ £ Employer's 137,808 177,398 national insurance contributions 7,948 6,899

• Employer's pension contributions 2,057 2,100 a ee en

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MILTON KEYNES PLAY ASSOCIATION (A company Limited by guarantee)

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

. _ Employee numbers The average number of full time staff employed by the Association 5 (2020: 5) in addition up to 31 seasonal staff are employed on a temporary basis during school holidays. There are no employees with emoluments above £60,000. The key management Personnel of the charity comprise the Office Manager and Training Manager. Their 3. total salaries were £40,876 (2020:£37,883). Trustees’ expenses _ a The Trustees receive no remuneration in respect of the services they perform for the Association but are reimbursed in respect of the travel and subsistence expenses they incur in attending meetings, functions etc. 4. ProfessionalNo remuneration fees or benefits in kind were paid to any trustee during the year (2020: ENil).

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2021 2020
Independent £ £
examination 2,400 2,400
| 2,400 2,400 |
5. Tangible fixed assets a =e
Motor IT Furniture & Tatal
Cost Vehicles Equipment Equipment
As £ £ £ £
at 1 April 2020 - 11,416 68,687 80,103
Additions 6,000 - - 6,000
As at 31 March 2021 ~~ 6,000 11,416 ~ 68,687 “86,103
Depreciation
As at 1 April 2020 - 10,680 66,368 77,048
Charge for the year 2,000 736 708 3,444
As at 31 March 2021 2,000 11,416 67,076 80,492
Net Book Values
As at 31 March 2021 4,000 : 1,611 §,611
As at 31 March 2020 - 736 2,319 3,055
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MILTON KEYNES PLAY ASSOCIATION (A company Limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) . FOR THE YEAR ENDED 31 MARCH 2021

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6. Debtors (amounts falling due within 1 year)

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		2021	2020
	Trade debtors VAT	£ 19,161 -	£ 20,993 373
	Prepayments&accruedincome	5,665	7,369
		24,826	28,735
7.	Cash atbank and inhand
	Pettycash	137	137
	Currentaccounts investmentaccount	39,635 17,043	14,301 3,899
		56,815	18,337
8.	Creditors(amountsfallingduewithin 1year)
		2021	2020
		£	£
	Tradecreditors SocialSecurity&othertaxes Othercreditors Accruals&incomereceivedinadvance	10,969 1,100 1,061 36,260	16,879 3,683 2,009 18,120
		49,390	40,691

1. Income from charitable activities - Play activities Play Service income is received largely from Parish and Town Councils, who contribute towards the delivery ofthe Open Access Play Sessions in the school holidays. 10. Income from generated funds — donations Donations 13,256 6,499 13,256 6,499

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	NOTESTOTHEFINANCIALSTATEMENTS(CONTINUED) FOR THEYEARENDED31MARCH2021 11. Grants
	2021 2020
	£ £ Milton Keynes Playday - 2,038 Community Foundation 10,000 - MK CommunityFund 1,500 - GovernmentRetailReliefGrant 45,300 - CoronaVirusJobRetentionScheme 32,220 -	a
	89,620 2,038
ne — 12. Expenditure—Training 2021 Unrestricted restricted Total £ £ , £ Staff &administration 17,704 - 17,704 Tutors&materials 14,198 - 14,198 Overheadsallocation 14,364 - 14,364		2020 Total £ 16,482 29,932 7,040
	46,266 oe 46,266	53,454
13.	Overheads are allocatedtorestricted activitiestotheextentthatthefundingtermspermit. Unrecovered overheadsaretreatedasexpenditureonunrestrictedactivities. Expenditure-PlayActivities 2021 2020 Unrestricted restricted Total Total £ £ £€ £ Staff &administrationcosts 70,072 : 70,072 75,688 Parish councils -
	- - PlayProjects 2,044 - 2,044 OpenAccessSessions 2,768 + 2,768 Overheadsallocation 24,259 - 24,259	1,154 1,162 8,375 39,706
	99,143 oe 99,143	126,085
	eens — oes	a

See above note regarding the allocation of overheads.

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NOTES TO THE FINANCIAL ST,ATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

14. Expenditure — Play Resources

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14. Expenditure — Play Resources— Play ResourcesPlay ResourcesResources
		2021		2020
	Unrestricted	restricted	Total	Total
Staff&administration costs Overheadsallocation	£ 41,021 39,101	£ - -	£ 41,021 39,101	£ 61,130 31,600
	“80,122	ee	~ 80,122	"92,730
Seeabovenoteregardingtheallocationofoverheads.
15. Expenditure—Administration
	Unrestricted	2021 restricted	Total	2020 Totat
Staff&administrationcosts Overheads allocation Governance costs Depreciation	£ 10,478 - - 3,444	£ - - - :	£ 10,478 - - 3,444	£ 39,767 9,388 3,707 1,249
	"43,922	~	~~43,922	"$4,111
Seeabovenoteregardingtheallocationof overheads.
Netincome/(expenditure)fortheyear
		2021	2020
This isstatedaftercharging: Depreciation		£ 3,444	£ 1,249

' See above note regarding the allocation of overheads.

15. Expenditure — Administration

16. Net income/ (expenditure) for the year

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MILTON KEYNES PLAYASSOCIATION {A company Limited by guarantee)

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17. Unrestrictedincomefunds	NOTESTOTHEFINANCIALSTATEMENTS(CONTINUED) FOR THE YEARENDED31MARCH2021
	General	Designated	Tota!Funds	TotalFunds
			2021	2020
As at1April2020 (Deficit)/Surplus fortheyear Transfers	£ 13,650 29,837 240	£ - 240 (240)	£ 13,650 30,077 -	£ 24,221 (10,571) -
Asat31March2021	43,727	-	43,727	13,650
48. Movements in Funds
	Btwd	income/	—_Expenditure/	Cfwd
		Transfer	Transfer
General UnrestrictedFunds Restrictedfunds-transfer	£ 13,650	£ 268,030 240	£ (238,193)	£ 43,487 240
Tatal	13,650	268,270	(238,193)	43,727
Restricted Funds
MKCommunityFund Transfer	- -	1,500 -	(1,260) (240)	240 (240)
Total	~~	“1,500	~(1,500)	oe

~ 19. Analysis of net assets between funds

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Tangible Net
Fixed Current
Assets Assets Total
£ £ £
Unrestricted income Funds
General Unrestricted Funds 5,611 38,116 43,727
Designated Unrestricted Funds 7 - -
5,611 38,116 "43,727
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MILTON KEYNES PLAYASSOCIATION

(A company Limited byguarantee)

, NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

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20. Taxation

1. StatusThe Association by virtue of its charitable status is exempt from taxation on its ordinary activities. The Association is a company limited by guarantee (no. 03051975) not having a share capital (the guarantee being restricted to £1 per member) and a registered charity (no. 1047318).

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