COMPANY REGISTRATION NUMBER: 03259275 CHARITY REGISTRATION NUMBER: 1059988 S.N.A.P (Special Needs Adventure Playground) Ltd Unaudited Financial Statements For the year ended 31 October 2020 •AA9T9JW* 301Q712021 COMPANIES HOUSE 23
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S.N.A.P (Special Needs Adventure Playground) Ltd Financial Statements Year ended 31 October 2020 Pages Trustees, annual report (incotporating the directorfs report) 1to3 Chartered accountant's report to the board of trustees on the preparation of the unaudited statutory financial statements Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 7t015
S.N.A.P (Special Needs Adventure Playgroundl Ltd Trustees, Annual Report IlnGorporating the Directorfs Report) Year ended 31 October 2020 The trustees, who are also the directors for the purpose5 of company law, present their report and the unaudited financial slalemenls of the Charity for the year ended 31 October 2020. Reference and adrnini5trative details Registered char•ty name S.N.A.P (Special Needs Adventure Playground} Ltd Charity registration number 1059988 Company registration number 03259275 Principal office and registered Pye Gen Road office CanncKk Staff5 WS11 5RW The trustees MrT Gimbert Mr R Hemjhway Mrs J Levelt Mrs M O'Boyle-Duggan Mr K Punter Mrs J Spoors Accountants Rostance Edwards Limited Chartered accountants 1 & 2 Herrtage Pa Hayes Way Cannock Staffo(dshire WS11 7LT Structure. governance and management Governing document The chority is controlled by its goveming document, a dee(1 of trust. and constrtutes a limited npany. limited by guarantee. as defined by the Compantes Ad 2006. Recruitment and appointment of new trustees New trustees are appointed following assessment and resolution by existing trustees.
S.N.A.P (Special Needs Adventure Playground) Ltd Trustees. Annual Report Ilncorporating the Director's Report) (con¢inuedJ Year ended 31 October 2020 Objectives and activities Objective and aims To continue lo offer a unique service for children and adults wrth special needs and disabilities lo play, learn and develop. To renew. develop and upgrade SNAP'S servtes and facilrties to ensure that they are relevant and of high qualily. To develop and implement a business model that ensures that SNAP is viable and suslainable. To iaise SNAP'S profile and work in partnership wrth other agencies. Signrficanl activities SNAP has achieved Ihrough mad(eling on xxial medo an increase in usage by schools, community groups and aduks In order lo maintain ts Core function of a SerVe lo customers with special needs SNAP has introduced parent and toddler sessions and upgraded ils facilities lor family part$. Play facilrties both internal and exlemal continue to be up[aded and made atiractive for users. A friends of SNAP group has been fomied and they are successfvl in wular fund raising. Prices are rewewed on the basis of ensuring business wabilty and affofdabilty to the customer. Expendrture is regularly SCr1n1sed wrth the aim of ensuring'besl value.. Public benefit SNAP provides a safe and slimulaling environment for all its user5. 11 allows parents and Ca[5 an opportunrty to relax and to socralise with others experrencing similar challenges. 11 provi(Jes extra CurrUlar aelivities for a range of schools and community groups from the whole of the Wesl Midlands conurbation and the surrounding Shire CountEs. Children and adults develop their gross and fine motor skills. It is a venue for Ictal parenls and toddlers, and also for children's part5. A venue for adutts wrth disabilrties during Ihe school day. Achigvements and perforniance Increased usage, weekly programme of life skills for aduhs. Regular fund raising activities Tanging from a digger ride from John O'Groats to Lands End lo several teddy tombola's. Grant5 from charitable and commercial bodies allowing SNAP to renew and upgrade i(5 equipment. Working partses have carried out a whole rarKJe of tasks including painting, garden work, general cleaning and maintenance free of charge. We continue to provide a setM¢e all year round except for four bank holhdays. We have 5Wltched to better value suppliers. Beneficiaries SNAP, has focused on what a chikl or adurt can do rather than their disabilrty. Users have experienced the irDportance of play in developing life skills, confidence and self esteem. Created opportunities that are operh lo everyone overcoming barrier5 to participalion. Supported parents and carers. Financial revlew Financial position The Charity has made losses over the past couple of yea. However. we are taking aCtn lo rectify this. We have raised entry costs and we have negotiated new deals on our utilily suppliers and waste removal seNice. We a also CuTntlY reviewing our stafting levels in order lo make a saving on wages_ Going concern We are ¢iJrrently relying on donalK)ns to cover some of our costs. We reguL4rly research into local businesses who donale lo charities as well as searchin9 the Charity Commission. We then make contact wrth Ial businesses asking for their 5UPPOrt. This has proved successful over the recent years and we see no reason why this woukj not be successful gc4ng forward. We therefore consider Ihe charity to be a going concem.
S.N.A.P (Special Needs Adventure Playground) Ltd Trustees. Annual Report Ilncorporating the Director's Report) {coeI Year ended 31 October 2020 Small Company provisions This report has been pPared in accordance with the provtsp)ns applicable to companies enlilled lo the small companies exemption. The trustees, annual port was approved on 29 June 2021 and signed on behaK of the board of trustees by". Mr R Heighway Trustee
S.N.A.P (Special Needs Adventure Playground) Ltd Chartered AGcountsnfs Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of S.N.A.P (Special Needs Adventure Playground) Ltd Year ended 31 October 2020 In order to assist you lo fu11 your dutw under t Companies Act 21J)6. we have prepared for your approval the financial statements of S.N.kP (Special Needs Adventure Playground) Ltd for the year ended 31 October 2020, which comprise the statement of financial activities (including income and expenditure account), statemenl ol financial FKJSition and the related notes from the charity's accounting words and from infomiation and eXplanat)S you have given us. As a praclising member firm of ihe Institute of Chartered Accountants in England and Wales IICAEWI, we are subj'ect to its ethal and other professKJnal requirements which are detailed al www.uew.comlenlmemberslreguLalions-stsndards-and-gUan. This report is made solely to the board of trustees of S.N.A.P (Special Needs Advenlure Playground) Ltd, as a body, in accordance with the lemis of our engagemenl letter dated 27 February 2019. Our work has been undertaken solely to Pfepare for your approval the financial statements of S.N.A.P {Special Need5 Adventure Playground) Ltd and stale those matters that we have agreed to stale to you, as a body, in this report in accordance with ICAEW Technul Release 07116 AAF as detailed at www.iGaew.cornlcompilation. To the fullest extent pemiitted by law, we do not accept or assume responsibilily to anyone other than S.N.A P (Special Needs Adventure Playground) Lld and its board of Iruslees, as a body. for our work or for this reporL It is youi duly to ensure that S.N.A.P (Special Needs Adventure Playgioundl Ltd has kept adequate accounting records and to prepare statutory financial slatements that give a true and fair view of the assets, liabilits, h"nancial posillon and hjss of S.N.A_P (Special Needs Adventure Playground) Ltd. You consider that S.N A.P ISpeciJ Needs Adventure Playground) Ltd is exempt from the stalutory audit requirement for the year. We have not been instructed to tarry out an audit or a review of the financial statements of S.N.A.P {Special Needs Adventure PlaygrourKI) Ltd. For this reason, we have not verrfied the accuracy or c<Mnpleleness of the aecounling rdS or inforrnation ar)d explanations you have given to us and we do not, the1efo, express any opinion on the 5Litthory fInala1 statements. ROSTANCE EDWARDS LIMITED Chartered accounlanls 1 & 2 Heritage Park Hayes Way Canncrk Staffordshiie WS117LT 29 June 2021
S.N.A.P (Special Needs Adventure Playgroundl Ltd Statement of Financial Activities (including income and expenditure account) Year ended 31 October 2020 2020 Restricted funds Total funds 2019 unStrd funds Totsl funds Income and endowments Donations and legacies Totsl income 29,202 1,650 30,852 86,771 29.202 1.650 30,852 86.771 Expenditure Expendrture on rai5in9 funds.. Costs of raising donations and ga¢$ (52.8rxii (s2,8) 11.9301 11,9301 154.730) {54.730} 167,864} 167,8641 Total expenditure Net lexpenditurevincome and net movement in funds {23,5981 (280) {23,8781 18.907 Reconciliation of funds Total funds brought ford Total funds carried forward 207,095 44.531 251.626 232.719 183.497 44.251 227.748 251,626 The statement of financial xtivities includes all gains and losses iecognised in the year. All income and expenditure derive frorn continuing ?cliwlies. The notes on pages 7 to 15 tom part of these financial ststements.
S.N.A.P (Special Needs Adventure Playground) Ltd Statement of Financial Position 31 October 2020 2020 2019 Fixed assets Tangible fixed assets 10 171,737 185,113 Current assets Debtors Cash at bank and in hand 11 622 56.851 69.121 57,473 69,121 Creditors.. amounts falling due within one year Net current assets 12 1,462 2,608 56.011 66.513 Total assets less current liabilities 227,748 251,626 Funds ofthe charity Restricted funds UnreStrted fund5 44.251 183.497 44.531 207.095 Totsl charity funds 14 227,748 251,626 For the year ending 31 October 2020 the charily was entrtw to exemption from audit under section 477 of the Companie5 Act 2CIJ6 relating to small companies. Directors. responsibilities-. The members have not required the company lo cijtain an audrt of rts financial statements for the year in question in accordan with section 476" The directors acknowledge their responsibilities for complying wth the requirements of the Act with respect to 8¢counling records and Ihe preparalion of financial statements. These financial statements have been prepared in accordance with the provisions applicab to Companies suty.eel lo the small companies. regime. These financial statemenls were approved by the board of trustees and aulhorised for issue on 29 June 2021, and are signed on behalf of the board by.. Mr R Heighway Trustee The notes on pages 7 to 15 fonn part of these financial $latemen¢s.
S.N.A.P (Special Needs Adventure Playground) Ltd Notes to the Financial Statements Year ended 31 October 2020 General infom)ation The chaiity is a public benefrt entrty and a private company limiled by guarantee. registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Pye Green Road. Cannock. Staffs. WS11 5RW. Statement of compliance These financk?I statemenls have been Prepared in ccKnpliance wth FRS 102, 'The Financial Reportin9 Standard applicable in the UK an¢J the Republ of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IreL8nd IFRS 1021 {Charities SORP {FRS 102)) and the Companies Act 2C(fj. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and lk8bilrt5 and investmenl properties measured al fair value through income or expenditure. The financk81 slalemenls a prepared in 51erliThJ. whh is th& fvn¢tional ¢urren¢y of Ihg entity. Going ¢oncem There are no material uncertainties about Ihe charity's ability to o)nlinue. DI10$Ure exemptions The enlily satisfies ihe crrteria of being a qualrfying entity as defined in FRS 102. As such. advaniage has been taken of the following disdosure exemptions available Und paragraph 1.12 ofFRS 102.. la) No cash flow statemerbt has been presented for the company. Ib) Disclosures in respect of financkal instruments have been presented. Judgements and key sources of estimation uncertainty The preparation of ihe financial statements requires management lo make judgements. estimates and assumptions that affect the amounts rewrted. These estimates and judgements are continually reviewed and are based on experien¢e an¢J other fa¢lors, including expectations of future event5 that are believed to be reasonable uThJer the circumstances. The judgements (apart from those involving eslimations) that management has made in the prctess of applwng the entitys accounting policies and that have the most sKJnrficant effect on the amounts recognised in the financial statements are as fcAIows". Key sources of estimalK)n VrertaIntY Accounling eslimales and assurnptions are made con¢eming the future and, by their nature, will rarely equal the related actual outcome_ The key assumptions and other sources of estimation uncertainly Ihal have a significant risk of causing a material adiu5tmenl lo the carrying amounts of asset5 and Ibil1eS within the ne financial year are as follows".
S.N.A.P (Special Needs Adventure Playgroundl Ltd Notes to the Financial Statements (coft¢intsedJ Year ended 31 October 2020 Accounting policies (continued) Fund accounting Uniestricted funds are availabje for use * the dIre1)n of the twslees lo further any of the chanly's purposes. Deswjnaled funds are unrestricled funds eam)arked by the trustees for particular future project or ommilmenl Restricted funds are subjected lo restr)n$ on Ihwr expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub<la55es'. reslricled income funds or end0ent funds. Incoming resources All incoming resources are in¢lule<l in the slalemenl of financial activities when enbllemenl has passed to Ihe charity.. it is probable that the economic tsnefi15 assockiled with the transaction will flow lo the charity and the amount can be reliably measured. The following S1[1¢ policies are applied to particular calegones of inc(¥ne.' income from donations or grants is recognised when there is evidence of enlillement lo the grft, receipt is probable and rts amount can be measured reliably. legacy income is renised when receipt is probable and entrtlement is established. income frcffi donated goods 15 measured at the fair value of the goorls unless thts IS impract1 to measure reliably. in which case Ihe value is derived from the cost to the donor OT the e5limated resale value. Donated facilities and serve$ are re¢ognised in the accounts when received rf the value can be reliably measured. No amounts a included f the conlribulion of general volunteers. income from conlrads for the supply of is recLyJniseO wlh the delivery of the contracled service. This is classrfied as unrestricled funds unless there is a contractual requirement for it to be spent on a partlar purpose and returned if unspent. in which case it may be regarded as iestricted.
S.N.A.P (Special Needs Adventure Playground) Ltd Notes to the Financial Statements (continuedj Year ended 31 October 2020 A¢counllng policies iconthiuedj Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expendrture includes any VAT which cannot be fulty recovered, and is cL8ssifEd under headings of the statement of financial actwilies to which it relates". expendrture on raising funds indudes the costs of all fundraising aclNilies. events, non<haritable trading activrties, arKI the sale of donaied goods. expendrture on Charrtab actrV1t includes all costs incurred by a charty in undertaking activities that further ils charitable aims for the benefit of rts beneficiaries, Includin9 those support costs and cosls relating lo the govemance of the charrty apportioned to charitable aclwilies. other expendiiure includes all expenditure that is neither rekted lo raising funds for the eharrty nor part of rts expendi14Jre on charitable actNrtie5. All costs are allLKaled to expendrtvre categories reflecting the use of ihe Tesource. Direcl cosls attributable lo a single activty are allocated directly lo that aciivity. Shared costs are apportioned between the activities they Contribute lo on a asonable, juslrfiable and consislent basis. Tangible assets Tangible assets are inrt1811y recorded at cost, and subsequently stated at st less any accumulated depI¥l)n and impaimient bsses. Any taroible assets carried al revalued amounts are recorded at the tair value at the dale of revaluation less any subsequent accumulaled deprecialK)n and subsequent accumuble<l ixpairment losse5. An inCaSe in the carrying amount of an asset as a $Urt of a revaluation. is reeognised in other TeccyJnised gains and losses. unless rt reverses a charge for impaimienl that has previously been recc4nised as eXpendrtu within the statement of financial actmlies. A de¢rease in the carryin9 amount of an asset as a sUIt of revaluation. is recognised in other re¢cyJnised gains and losses, except to which rt offsets any prevK¢us revaluation gain. in which case the loss is shown within other recognised gains and h)sses on the statement of financk41 actNlties. Depreciation Depreeialion is cakufaied so as to wrrte off ihe cost CK ValUa"On of an assel, less its residual value, over the useful econlY)) life of that assel as follows." Long leasehold property Plant and machinery Fixtures and fittings Equipment 30 years on cost 15% reducing baL4nce 33Yo Straight line 25% reducing balance Impairmenl of fixed assets A cewew lor indicators of impaimient is Carried out at each pOrting date. wrth the iecoverable amount being estimated where such indicators exist. whe the Carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impaim)enls are also reviewed for possible reversal at each reportiThJ dale.
S.N.A.P (Special Needs Adventure Playgroundl Ltd Notes to the Financial Statements (eontinuedl Year ended 31 October 2020 Accountin9 policies (eonthtsedj Impairment fixed assets (contint For the purposes of impaimienl testing, when it is not possible to estimate the recoverable amount of an individual assel. an eslimate is made of the recoverable amount of the cash-generaling ijnrt to whh the asset belongs. The cash-generaling unrt is Ihe smallest identifiable group of assets that includes the asset and generates cash infkS that largely independent of the cash inflows frcTh other assets or group5 of assets. For impaimient testing of gocxlwll, the goodwill acquired in a business combination is, from the acquisition date. allocated to each of the cash-generating units that are expected to benefit from the synergies of Ihe combination. irrespective of whether other assets or liabilitEs of the charity are assigned to those units Financial instruments A finan¢ial asset or a financial liabilty rs recognised only when the charity a party lo the contradual prowsions of the instnjment. Basic financial instruments are inrtially recognised at Ihe amount recewable payable including any related transaction costs. Current assets and current liabilrties are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subseqvenlty measured al amortised cost. Where investments in shares are pub)lY traded or their fair value can otherwise be measured reliably, the investment is subsequentty rneasu at fair value with changes in fair value recognised In income and expenditure. All other such investments are subsequently measured at cost kss impaimient. Other linancial instruments. includin9 derivatives, are inrtially recognised al fair value. unless payment for an asset is deferred beyond normal business temis or financed al a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted al a maiket rate of interest for a similar debt inslrument. Other financial in51ruments are subsequently measured al fair value, wilh any changes recognised in the slalernent of financial acliMtEs. wrth Ihe exceplK)n of hedging instwments in a desKJnated hedging relationship. Financial assets thal are measured at cost or arno"Sed cost are reviewed for objective evidence of impaiment at the end of each reporting dale. If the is objective edence of impaimenl, an impairment Ioss is re¢ognised under the appropriate heading in the slalemenl of hnancial adivities in which the inrtial gain was recognised. For all equity instruments regardless of signrficance. and other financial assets th81 8 individually significant. these are assessed indNKlually for impairment Other financial assets a either assessed indivhlually or grouped on the basis of sixilar cdrf( risk Characterist$. Any reversals of impairment are iecognised immedialety. to the exlent that the reversal does not result in a carwng amount of the financial asset Ihal exceeds what the carrying amount would have been had the impaimient not previously been rectyJnised. 10-
S.N.A.P {Special Needs Adventure Playground) Ltd Notes to the Financial Statements f¢on¢ed) Year ended 31 October 2020 Accounting policies (¢ontinu4dJ Defined contribution plans Contribulions to defined conlributNJn plans are recognised as an expense in the period in which the related service is provide(J. Prepaid contributwjns are recognised as an a5sel lo the extent that the prepayment will lead to a reduction in future payments or a cash refund. When conlribulions are not expected to be settled wholty wrthin 12 months of the end of the reportin9 dale in which the employees rendef the related seThice, the lobilily is measured on a discounted present value basbs. The unwinding of the discount is reccgnised as an expense in the period in which rt arises. Limlled by guarantee SNAP {Special Needs Adventuie Playground) Ltd 1$ a CLpanY limrted by guarante& 9ovemed by ils Memoiandum and ArtleS of ASsocialn. It ts a registered charily the Charity Commission. Donations and legacies Unrestricted Funds ReStrtea Total Fund$ Funds 2020 Donations Donalions 1,650 8,234 Grants Government grants lo.c0 10.000 Other donations and legacles Charitable activities - Attendance fee5 12,618 12,618 29.202 1.650 30,852 Unreslri¢led Funds Restricted Totsl Funds FuThJs 2019 'Donations Donations 1.203 36.633 37.836 Grants Government grants Other donations and legacies Chari(able aclivrties- Attendance fees 48,935 SO.138 48.935 86.771 36,633 11
S.N.A.P (Special Needs Adventure Playground) Ltd Notes to the Financial Statements (conlinufjd) Year ended 31 October 2020 Costs of raising donations and legacie5 Uniestri¢ted Funds ReStrted Total Funds Funds 2020 Costs of raising donations and legacies 52,800 1,930 54.730 Unrestred Funds Restricted Total Funds Funds 2019 Costs of raisin9 donations and legacies 60.664 7.200 67.864 Net lexpenditurelllncome Net (expendilurellincome is slated after chargiwlcredilingl.. 2020 2019 Depreciation of tangible fixed assets 15.726 16,142 Staff costs The lolal staff costs and employee benefrts fcw the reporting peri¢xl are analysed as follows." 2D20 2019 Wages and salaries Employer contributions to pension plans 25,534 36,605 309 25,690 36.914 The average head count of employees during the year was 812019". 8). The average number of full-time equivalent employees durin9 the year is analysed a5 follows." 2020 No. 2019 No. Number of stsff No employee received employee beneffts of mfft than £60.000 cjuring the year12019." Nill. Trustee remuneratlon and expenses No MurteratIOn was paid to any of Ihe trijstees duriry the year. 12-
S.N.A.P (Special Needs Adventure Playground) Ltd Notes to the Financial Statements {C4)nlinu¢dJ Year ended 31 October 2020 10. Tangible fixed assets Long leasehold Plant and Fixiures and property mxhinery rittiros Equipment Totsl Cost At 1 November 2019 Additions 354.342 148,309 2 2.569 2.098 8.513 52 513,733 2,350 At 31 October 2020 354.342 148.509 4,667 8.%5 516,083 Depreciatron Al 1 November 2019 Charge for Ihe year At 31 October 2020 190.723 11,812 202.535 131,628 3.209 569 5.700 70S 328,620 15,726 134.837 569 6,405 344.346 Carrying arnount At 31 October 2020 151.807 13.672 4,098 2,(H)o 2.160 171,737 Al 31 Ocloter 2019 163,619 16,681 2,813 185,113 11. DebtOT5 2020 2019 Trade debtors Other debtors 469 153 622 12. Creditors: amounts falling due wlthin one year 2019 Bank loans and overdrafts Trade creditors Social security and other laxes 42 1,394 26 42 1.377 1,189 1,462 2.608 13. Pensions and other post retirement benefits Deftned Contribution plans The amount re¢ognised in inccme or expenditure as an expense in relalKsn to defined contribution plans was £1 $612019." £3091. 13-
S.N.A.P (Special Needs Adventure Playground) Ltd Notes to the Financial Statements (coniinue Year ended 31 October 2020 14. Analysis of charitable funds Unrestricted funds At 1 November 2019 At 31 October 2020 IToMe Expenditure General funds 207.095 29.202 (52.8001 183,497 Al 1 November 2018 At 31 Oclc*)er 2019 Income Expenditure General funds 217.621 50,138 160,6641 207,09S Restricted funds At 1 November 2019 At 31 October 2020 Income Expenditure Restricted Fund 44,531 1.650 (1,930) 44,251 At 1 November 2018 Al 31 October 2019 Income Expendrture Restricted Fund 15,098 36,633 17.2(Y)I 44,531 15. Analysis of net assets belween funds Unreslricleo Funds Reslricled Total Funds Funds 2020 Tangible fixed assets Currenl assets Creditors less than 1 year Net assets 171.737 25.298 {1.462) 171,737 57.473 11.462} 32,175 19S.573 32.175 227,748 Unreslricted Funds Restricted Toial Funds Funds 2019 Tangible fixed assets Current assets Creditors less than 1 year Net assets 185,113 24.590 {2.608) 207,095 185,113 69,121 12,608) 251,626 44.531 44,531 -14-
S.N.A.P (Special Needs Adventure Playground) Ltd Notes to the Financial Statements (Conlinutdj Year ended 31 October 2020 16. Restrieted funds The following restricted funds were in place at the stsrt of the year or during the year.. t)onation towards lrfeskills for wages of stafl running lrfeskills courses and donations towards . projects for wages of staff and purchases from Childn in Need. All money spent and the lems of the restnctions have been met. At the year end the is still £44.251 to be used to furKI the lrfeski115 course olher projects. 1s-