||||~pa e| |---|---|---|---| |Legal and administrative|information||| |Report ofthe trustees|||2-5| |Report ofthe auditors|||6-7| |Statement of Financial|Activities||| |Balance Sheet|||| |Cash Flow Statement|||10| |Accounting
policies|||11-12| |Notes forming part ofthe financial statements|||13-17| |Detailed income &expenditure||account|18| |Page 18does notform|part ofthe statutory accounts.||| |Trustees|and|directors|directors|directors||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||J EDeightonvr|||| ||||||||M K Kohli (Treasurer)'"|||| ||||||||RJ Sinclair Taylor'*|||| ||||||||ASethffe|||| ||||||||J E Lowes*|||| ||||||||RStephens'*|||| ||||||||A Castro"'|||| ||||||||FSullivan
(Resigned 15/9/2020}|||| |**-Management|||committee|||members are|also for the purpose|ofthe Companies||Act2006,| |company||directors.||||||||| |Key management|||8|personnel|||A Grant- Chief|Executive||| ||||||||WJeeves-Services||Director|| ||||||||8 Ghebreyesus|-Finance Director||| |Administration|||and||registered|||||| |office:|||||||164Mackenzie|Road||| ||||||||London|||| ||||||||Ny BSE|||| |Charity registration||||non|||1086165|||| |Company|registration||||noa||03989283(England||&Wales)|| |Auditors:|||||||Christopher
Michael Limited|||| ||||||||Chartered
Certified||Accountants|&Statutory Auditors| ||||||||26Station Rd|||| ||||||||New Barnet|||| ||||||||Herts|||| ||||||||ENS 1QW|||| |Bankers:|||||||COIF Charity Funds|||| ||||||||Co operative
Bank|||| ||||||||Barclays Bank|||| |Funding|authorities:||||||LBofIslington|||| ## ## ## ## ## ## ## ## ## ## |Reserves policy and going concern|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The Trustees have established
a reserves policy and review this at least|annually.||Within||unrestricted||||funds,||||| |E95,MO (2020; E95,000) Is held as a designated
fund to cover closures|costs up||to|6 months||in the event ofthe charity||||||ceasing to|| |operate. The remaining
unrestricted
funds afE143,489(2020:E239,678)are used|||by the||charity||to fulfil a 'number ofroles, including||||||| |as operating
capital and supporting
the furtherance
ofthe charity's objectives.|||||||||||||| |Fixed Assets|||||||||||||| |The movement
In fixed assets are shown
In note 14ofthe financial statements|||||||||||||| |Plans for future periods|||||||||||||| |Funding
for the year 2021/22 has been secured
from
L B lslington
with total|||grants||receivable|||for the year of|||E948,909 for the||| |Charities'
core activities
and the aim ofthe Trustees
Is to further
develop the||children's|||centre,|||the provision of nursery||||education|| |and outreach
services in Islington
and the surrounding
areas.|||||||||||||| |Trustees responsibilities
In relatIon tothe financial statements|||||||||||||| |The charity
trustees
(who are also directors of the Company
for the|purposes||of company||||law)||are responsible||for preparing||a| |trustees'
annual
report
and
financial
statements
in accordance
with|applicable|||law|and|United|||Kingdom|Accounting||Standards|| |(United
Kingdom
Generally Accepted Accounting
Practice).|||||||||||||| |-select suitable
accounting
policies and apply them consistently;|||||||||||||| |-observe the methods
and principles
in the Charities SORP;|||||||||||||| |- make judgments
and estimates that are reasonable
and prudent;|||||||||||||| |-state whether
applicable
UK accounting
standards
have been followed, subject|||to|any|matedial|||departures||disclosed|||| |and explained
in the financial statements.|||||||||||||| |-prepare financial statements
on a going concern basis unless it is inappropriate|||to|presume||that the charity||||will continue|||| |in operation.|||||||||||||| |The trustees
are responsible
for keeping
accounting
records
which|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 of||| |fraud and other irregularities.|||||||||||||| |Directors and trustees|||||||||||||| |The trustees
who are directors for the purpose of company
law who|have served|||during the year|||||and up to the date of|||this report|| |are set out on page 1.|||||||||||||| |Statement
as to disclosure to our auditors|||||||||||||| |In sofar asthe trustees are aware at the time ofapproving
our trustees'
annual|||report:||||||||||| |-there is no relevant
information,
being information
needed by the auditor
in||connection with|||||prepading their report,||||||| |ofwhich the company's
auditor
is unaware;
and|||||||||||||| |-the trustees,
having made enquiries offellow directors
and the company
auditor that|||||they|ought|||to have individually||||| |taken, have each taken ag steps that he/she
is obliged totake as a director in||order to|||make themselves||||||||| |aware ofany relevant
audit information
and to establish that the auditor is aware||||ofthat information.|||||||||| |Byorder ofthe board oftrustees
d~e~|||||||||||||| |IElowe
Trustee
gs Company Director|||||||||Date:|)+|-/2|X)|| ## ## ## |||||||Unrestricted/||As restated| |---|---|---|---|---|---|---|---|---| ||||||Restricted|Designated|Total|Total| |||||Notes|Funds|Funds|~2020 21|~2019 20| ||||||E|E|E|E| |Income:||||||||| |Donations
and restdicted||grants||3|1,171,333||1,171,333|1,155,359| |Income from|Charitable
activities:|||||||| |Supporting
play Activity||||||173,252|173,252|293,698| |Income from|other charitable||activities|||||| |Fundraising|&other Income|||||129|129|673| |Totalincome|||||1,171,333|173,381|1,344,714|1,449,730| |Expenditure||||||||| |Cxpenditure|on charitable|activities:||||||| |Direct Charitable
expenditure||||6|1,171,333|163,770|1,335,103|1,418,090| |Management|and administration|||7||5,700|5,700|4,800| |Total expenditure|||||1171,333|169,470|1,340,803|1,422,890| |Net income/(expenditure)|||and net movements|||||| |in funds before gains and||losses on investments||||||| |||||||3,911|3,911|26,840| |Total funds|brought forward|||||234,578|234,578|207,738| |Total funds|carried forward|||||238,489|238,489|234,578| |ISLINGTON PIAT ASSOOATION
Ratement ofcash flows
Forthe
ear ended 31March 2021||||||| |---|---|---|---|---|---|---| ||||||2020/21|2019/20| ||||||Total|Prior year| ||||||Funds|Funds| |Cash flows from operating
activltlesr|||||6|E| |Net cash provided
by (used In) operating|activities||||233,102|(92,479)| |Cash flows from Invesdng
activities||||||| |Dividends,
interest and rents from investments|||||129|| |Proceed from the sale ofproperty,
plant and equipment||||||| |Purchase ofproperty,
plant and equipment|||||(1,598)|| |Net cash provided by/(used
In) investing|activities||||231,633|(92,479)| |Change
in cash and cash equivalents
in the reporting
period|||||231,633|(92,479)| |Cash and cash equivalents
at the beginning|ofthe reportmg||period||168,980|261,459| |Cash and cash equivalents
atthe end ofthe reporting||period|||400,613|168,980| |Reconciliation
ofnet movement
in funds|to net cash flow||from operating|activities||| |Net movement
in funds forthe reporting|period (as per|the|SOFA)||3,911|21,682| |Adjustments for:||||||| |Depreciation
charges|||||475|101| |Dividends,
interest and rents from investments|||||(129)|| |(increase)/decrease
in debtors|||||139,389|(119,086)| |increase/(decrease)
in creditors|||||89,456|4,824| |Net cash provided
by (used in) operating|activities||||233,102|(92,479)| |Analysis ofcash and cash equivalents||||||| |Cash in hand|||||400,613|168,980| |Total cash and cash equivalents|||||400,613|168,9&0| ## ## ## ## ## ## ## ||being wound|up, the lia|bi|lity|in respect|ofthe guarant|ee
is limited to61per|member ofthe charity.|| |---|---|---|---|---|---|---|---|---|---| ||||||||||As restated| |2|Financial performance||ofthe||charity|||2020/21|2019/20| |||||||||6|6| ||Income|||||||1,344,714|1,449,730| ||Expenditure|on charitable||activities||||1,334,489|1,415,589| ||Expenditure|on management|||and administration|||5,700|7,200| ||Depreciation|||||||475|101| |||||||||1,340,664|1,422,890| ||Net income|||||||4,050|26,840| ||Total funds|brought
forward||||||267,707|240,867| ||Total funds|carried forward||||||271,757|267,707| ||Represented|by:|||||||| ||Unrestdcted|funds||||||238,489|234,578| |3|Income from Donations|||and|Grants||||| ||Grants receivable||||||||| ||L8 Islington|- Core grant||||||999,362|983,150| ||Big lottery||||||||9,860| ||1961Charitable Trust|||||||1,500|| ||Small fundings|||||||30,609|63,741| ||International|women's|day|||||860|1,500| ||HMRC Furlough
grants|||||||137,202|| ||Others|||||||1,300|9,513| ||Lord Mayors fund|||||||500|| |||||||||1,171,333|1,067,764| |4|Income from charitable|||activities|||||| |||||||Activity|||| ||Advancing|education of||children-||supporting|play activity|173,252|293,698| ||||||||2020/21|2019/20| |---|---|---|---|---|---|---|---|---| ||||||||6|6| |5|Income from other charitable
activities|||||||| ||Fundraising|||||||| ||Interest receivable||||||129|673| ||||||||129|673| |6|Analysis ofexpenditure|on|charitable|activities||||| ||Supporting
Play activity|Direct costs|||||1,335,103|1,415,690| ||Supportcosts|||||||2,400| ||||||||1,335,103|1,418,090| |7|Analysis ofgovernance|and|support cost|||||| ||Supporting
play activity||||||600|2,400| ||Audit and accountancy||||||5,100|4,800| ||Legal &professional|||||||| ||Bank charges|||||||| ||||||||5,700|7,200| |8|Net income /(expenditure)||forthe year|||||| ||This is stated after charging:|||||||| ||Depreciation
-owned assets||||||475|101| ||Auditors
remuneration|for audit services|||||5,100|4,800| ||Auditors
remuneration|forother services||||||| |9|Analyses ofstaff costs,|trustee remuneration|||and expenses, and the cost of key|||| ||manaxement
oersonnel|||||||| ||Wages and salaries||||||1,012,495|971,600| ||Employers
national
insurance||||||1,044|62,017| ||Employers
Pension||||||759|27,859| ||Agency &seasional staff||||||18,348|11,111| ||||||||1,032,646|1,072,587| ||The average number of|staff employed||during|the year|||| ||were as follows:|||||||| ||Direct charitable||||||35|34| ||Administration
&support||||||6|6| ||||||||41|40| ||The number
of employees||whose emoluments||as defined for taxation|purposes||| ||amounted
to over 660,000||in the year|were as|follows:|||| ## |||Fixtures &|| |---|---|---|---| |||Fittings|Total| |14|Tangible fixed assets|6|F.| ||Cost:||| ||At 1April 2020|7,933|7,933| ||Additions|1,598|1,598| ||At31March 2021|9,531|9,531| ||Depreciation||| ||At1April 2020|7,630|7,630| ||Charge
in year|475|475| ||At31March 2021|8,105|8,105| ||Net book value||| ||At31March 2021|1,426|1,426| ||At 31March 2020|303|303| |15|Debtors||As restated| ||Amounts
due within one year:|2020/21|2019/20| ||otherdebtors|10,906|149,918| ||fees debtors|3,941|4,318| |||14,847|154,236| |16|Creditors||As restated| ||Amounts
falling due within one year:|2020/21|2019/20| ||Trade creditors|25,472|18,826| ||Fees creditors &deposits|38,851|32,289| ||Other creditors|26,769|16,678| ||Holiday pay accrual|32,205|11,635| ||Accrued expenses|5,100|9,513| ||Loans||| |||128,397|88,941| |17|Creditors||| ||Amounts
falling due more than one year:||| ||Loans|50,000|| |||50,000|| |18|Deferred Income|Deferred Income|Deferred Income|||||2020/21|2019/20| |---|---|---|---|---|---|---|---|---|---| ||Balance as|at 1April 2020|||||||| ||Amount
released to income earned from charitable|||||activities|||| ||Amount
deferred
in the|||year|||||| ||Balance as|at31March||2021|||||| ||||||||||As restated| |||||||||2020/21|2019/20| |19|Analysis of||charitable
funds||||||| ||Analysis of||movement|in unrestricted|funds||||| ||Unrestricted||-General reserve:||||||| ||Balance at||1April 2020|||||139,578|106,743| ||Movement||in year|||||3,911|26,840| ||Inter-fund|transfers|||||||5,995| ||Balance at||31March 2021|||||143,489|139,57&| ||Desi nated||- Reserve fund:||||||| ||Balance at||1April 2020|||||95,000|95,000| ||Movement||in year||||||| ||Balance at||31March 2021|||||95,000|95,000| ||Restricted|funds|||||||| ||Balance at||1Apdl 2020||||||5,995| ||Inter-fund||transfers||||||(5995)| ||Balance at||31March 2021||||||| ||Total|||||||238,489|234,578| |20|Analysis between fund|||balances|||||| ||||||||Unrestricted||| ||||||||General|Designated|Total| ||||||||E|E|E| ||Tangible tixed assets||||||1,426||1,426| ||Cash at bank and in hand||||||307,039|93,574|400,613| ||Other
net||current assets/(liabilities)||||(163,550)||(163,550)| ||||||||144,915|93,574|238,489| ## |21|Analysis ofRestricted|Analysis ofRestricted|Funds|Funds||||| |---|---|---|---|---|---|---|---|---| ||||||Balance|Incoming|Resources|Balance at| ||Funders name||||1/4/20|Resources|Expended|31/3/21| ||||||6|6|E|f| ||L8 Islington -|Core grant||||454,058|(454,058)|| ||L8 Islington -|chidren|in|need||8,333|(8,333)|| ||L8 Isiington -|Adventure||playground||536,971|(536,971)|| ||other income|||||1,300|(1,300)|| ||Small funding|||||30,609|(30,609)|| ||International|womens|day|||860|(860)|| ||HMRC Furlough|||||137,202|(137,202)|| ||Lord Mayor fund|||||500|(500)|| ||1961Chadtible
Trust|||||1,500|(1,500)|| |||||||1,171,333|(1,171,333)|| ## ## ##