| ~pa e | |||
|---|---|---|---|
| Legal and administrative | Information | ||
| Report ofthe trustees | |||
| Report ofthe auditors | |||
| Statement of Rnanclal | Activities | 1B | |
| Balance Sheet | |||
| Cash Flow Statement | |||
| Accounting policies |
13-14 | ||
| Notes forming part ofthe financial statements | 15-19 | ||
| Detailed income g espenditure | account | ||
| Page Jgdoes notform | port af | the statutory accounts. |
| Trustees | end dire | ctor | s | |||||
|---|---|---|---|---|---|---|---|---|
| I E Deightonvv | (resigned 15/10/2021) | |||||||
| M K Kohli (Treasurer)" (resigned 19/10/2022) |
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| RI Sinclair Tayiar" | (resigned 19/10/2022) | |||||||
| A Sethi** | ||||||||
| I E Loweve | (resigned 19/10/2022) | |||||||
| RStephens'" | ||||||||
| ACastro" | ||||||||
| "-Management | committee members are | A Kashyap "v 8 A Torment "s fI ED Burchett" (appointed 2/12/2021) (appointed 2/12/2021) {appointed 2/12/2021) also, for the purpose ofthe Companies Act 2006, |
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| company directors. | ||||||||
| Key management | gr | personnel | sKeeton-Acting | Chief Executive | ||||
| Wleaves-Services | Director | |||||||
| 8Ghebreyesus | -Finance Director | |||||||
| Administration | and | registered | ||||||
| office: | 164Mackenzie | Road | ||||||
| London | ||||||||
| NT BSE | ||||||||
| Charity registration | nou | 1086165 | ||||||
| Company | regtstratlan | nao | 039892S3(England | ik Wales) | ||||
| Auditars: | Christopher Michael Omited |
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| Chartered Certlhed |
Accountants | ik Statutory Auditors | ||||||
| 26Station Rd | ||||||||
| New Barnet | ||||||||
| Halts | ||||||||
| ENS 1QW | ||||||||
| Bankers: | COIF Charity Funds | |||||||
| Co operative Bank |
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| Barctays Bank | ||||||||
| Funding | authorhies: | LBofIsiington |
| Reserves pogcy snd going concern | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Trustees have established s reserves pogcy and review this at least annusgy. | Within | unrestricted | funds, | |||||||||||
| E95„000(2021:E95,000) is held as a designated fund to cover dosures costs up |
to 6 months | in the event ofthe |
charity | ceasing to | ||||||||||
| operate. The remaining unrestricted funds af8234,544(2021.8143,489)are used by the |
charity | to fulRI a 'number | ofroles, Indudlng | |||||||||||
| as operating capital and supporting the funherance ofthe charity's objectives. |
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| Fixed Assets | ||||||||||||||
| The movement ln fixed assets are shown in note 14ofthe gnanclal statements |
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| Plansforfuture periods |
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| Funding for the year 2022/23 hss been secured fram 18 isgngtun with total |
grants | receivable for the year af | F948,909 for the | |||||||||||
| Charities' core activities snd the alm ofthe Trustees Isto funker develop the | chgdren's | centre, the pnwision | of | nursery | education | |||||||||
| and outreach services in Islington and the surrounding areas |
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| Trustees responslbigdes In relation tothe flnandal statements |
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| The charity trustees (who are also directors of the company for the purposes |
of company | law) | are responsible | for preparing | 4 | |||||||||
| trustees' annual report and financial statements in accordance with applicable law |
and | Untted | Iangdom | Accounting | Standards | |||||||||
| (United Kingdom Germregy Accepted Accounting Practice). |
||||||||||||||
| -select suitable accounting policies and apply them consistently; |
||||||||||||||
| -observe the methods and principles in the Charities SORp; |
||||||||||||||
| —make judgments snd estimates that are reeumable and prudent; |
||||||||||||||
| -state whether applicable UK accounting standards have been fogowed, subject |
to any | material | depsrtwes | disdosed | ||||||||||
| and explained in the flnandal statements. |
||||||||||||||
| - prepare gnandal 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 amore that the Rnsnclal statements |
comply | with | the Companies | Act 2006.They are also | ||||||||||
| responsible for safeguarding the assets ofthe charity and hence for taking reasonable |
steps | for | the prevention | and detection of | ||||||||||
| fraud and other Irregularities. | ||||||||||||||
| Directors snd 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 | ||||||||
| sre set out on page 1. | ||||||||||||||
| Statement as to disclosure toour auditors | ||||||||||||||
| In so fsr as the trustees are swwe atthe time ofapproving our trustees' annual |
report: | |||||||||||||
| -there is no relevant information, being information needed by the auditor In mnnection |
with | Preparing then |
report, | |||||||||||
| ofwhich the company's auditor Isunaware; and |
||||||||||||||
| -the trustees, having made enquiries offegow directors and the company auditor that |
they | aught | to have lndivlduagy | |||||||||||
| taken, have each taken sg steps that he/she Is obliged totake as s director In |
arder to | make | themselves | |||||||||||
| aware ofany relmrant audit information snd to establish that the auditor is aware ofthat information. |
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| gy order ofthe board oftrustees | ||||||||||||||
| Annie Tennant | ||||||||||||||
| Trustee L Company Director |
| Statement o forthe year |
ffinancial activi ended 31March |
ties 2022 |
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|---|---|---|---|---|---|---|---|
| Unrestricted/ | As restated | ||||||
| Restricted | Designated | Total | Total | ||||
| ~No es | Funds | F~und | ~2022 22 | 20~QDS | |||
| f. | 4 | E | 4 | ||||
| Income: | |||||||
| Danations and restricted grants | 3 | 1,126,029 | 3,450 | 1,129,479 | 1,171,333 | ||
| income from | Charitoble octlvities: | ||||||
| Supporting play Activity |
276,873 | 173,252 | |||||
| income from | other charitable | activities | |||||
| Fundraislng | 86other income | 129 | |||||
| Total income | 1226.626 | 280,369 | 1,406,398 | 1,344,714 | |||
| Expenditure | |||||||
| Expenditure | on charitoble activities: | ||||||
| Direct Charitable expenditure |
6 | 1,126,029 | 174,065 | 1,300,094 | 1,335,103 | ||
| Management | and administration | 8,256 | 8,256 | 5,700 | |||
| Total expenditure | 12t6621 | 182,321 | 1,308,350 | 1,340,803 | |||
| Net Income/)expenditure) | and net mavements | ||||||
| in funds before gains and losses on investments | |||||||
| 98,048 | 98,048 | 3,911 | |||||
| Tatal funds | brought forward | 238,489 | 238,489 | 234,578 | |||
| Total funds | carried forward | 336137 | 366,637 | 238 81 |
| ISLINOTON PLAY ASMCIATTON 5tetement ofcash Sows Forthe aar ended 31March 2022 |
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|---|---|---|---|---|---|
| 2021/22 | 2020/21 | ||||
| Total | Prior year | ||||
| Funds | Funds | ||||
| Cash flows from operating acthrhlew |
5 | 5 | |||
| Net cash provided by (used ln}upwatlng |
activities | (55,252) | 233,102 | ||
| Net operating activities |
55,252} | ||||
| Cash flows from Invmalng ctlvltles |
|||||
| Dividends, Interest and rents from Investments |
46 | 129 | |||
| Proceed from the sale of property, plant snd equipment |
|||||
| Purchase of propeny, plant and equipment |
(3,009) | (1,598) | |||
| Nat cash provided by/ (used In) Investing |
activities | 2963 | 1469) | ||
| Change in cash and cash equihelerits In the reporting pw'lod |
(58,215) | 231,633 | |||
| Cash and cash equivalents at the beginning |
ofthe reporting | period | 400,613 | 168,980 | |
| cash and cash equivalents atthe end ofthe repordng |
period | ||||
| Recondgatkm ofnet movement in funds |
tn net cash Sow | fmm operating activities | |||
| Net movement In funds forthe reporting |
period (ss per | the | SOFA) | 3,911 | |
| Adjvstrnenw fern |
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| Depreciation charges |
1,109 | 475 | |||
| Dividends, interest and rents from investments |
(46) | (129) | |||
| (increase)/decrease in debtors |
(174,239} | 139,369 | |||
| increase/(decrease) in creditors |
19,876 | 89,456 | |||
| Nat cash provided by (used in) operating |
activities | (55,252) | 233,102 | ||
| Analysis ofcash and cash equivalents | |||||
| Cash In hand | 342.398 | 400,613 | |||
| Tonal cash and cash equivalents | 342,398 | 400,613 |
| 2 | Nnanciel perfonnance |
Nnanciel perfonnance |
afthe | afthe | charity | 2021/22 | 2020/21 | ||
|---|---|---|---|---|---|---|---|---|---|
| E | |||||||||
| Income | 1,406,398 | 1344,714 | |||||||
| Expenditure | an charitable | attivities | 1,298,985 | 1,334,628 | |||||
| Expenditure | on management | and administration | 8,256 | 5,700 | |||||
| Depreciation | 1,109 | 475 | |||||||
| 1300330 | 1,340,803 | ||||||||
| Net income | 98,048 | 3,911 | |||||||
| Total funds | braught forward | 238,489 | 234,578 | ||||||
| Total funds | carried forward | 336437 | |||||||
| Represented | by: | ||||||||
| tin restricted | funds | 336,537 | |||||||
| 3 | Income from Oanations | end | Grants | ||||||
| Grants receivable | |||||||||
| L8 Islingtan | - Core grant | 1,081,580 | 999,362 | ||||||
| Biglottery | |||||||||
| 29th Msy 1961Charitable | Trust | 1,500 | 1,500 | ||||||
| Small fundings | 14,760 | 30,609 | |||||||
| International | women's | day | 860 | ||||||
| HMRC Furlough grants |
137,202 | ||||||||
| Others | 8,779 | 1300 | |||||||
| Landan Mayor's fund | 3,200 | 500 | |||||||
| Big Alliance | 9,460 | ||||||||
| Healthy Winter Holiday | & | lslingtan | 5,000 | ||||||
| Museum ofLandon | 1,750 | ||||||||
| 1,126,029 | 1,171,333 | ||||||||
| 4 | Income from charitable | activities | |||||||
| Activity | |||||||||
| Advancing | education ofchildren- | supporting | play activity | 276,873 | 173,252 |
| 2021/22 | 2020/21 | |||||||
|---|---|---|---|---|---|---|---|---|
| f | ||||||||
| 5 | Income from other charitable activities | |||||||
| Fundraising | ||||||||
| Interest receivable | 129 | |||||||
| 129 | ||||||||
| 6 | Analysis ofexpenditure | on | charitable activities | |||||
| Supporting Play acthrlty |
Direct costs | 1,300,094 | 1,335,103 | |||||
| Support costs | ||||||||
| 1,300,094 | 1,335,103 | |||||||
| 7 | Analysis ofgovernance | and | support cost | |||||
| Supporting play activity |
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| Audit and accountancy | 7,116 | 5,100 | ||||||
| Legal &professional | 1,140 | 600 | ||||||
| Bank charges | ||||||||
| 5,700 | ||||||||
| 8 | Net income /(expenditure) | forthe year | ||||||
| This is stated after charging: | ||||||||
| Depreciation -owned assets |
1,109 | 475 | ||||||
| Auditors remuneration |
for | audit services | 7,116 | 5,100 | ||||
| Auditors remuneration |
for | other services | ||||||
| 9 | Analyses of~ffcosts, | trustee remuneration | and expenses, and the costofkey | |||||
| manaaement oersonnel |
||||||||
| Wages and salaries | 969,278 | 1,012,495 | ||||||
| Employers national insurance |
73,492 | 70,584 | ||||||
| Employers Pension |
22,510 | 23,428 | ||||||
| Agency &seasional staff | 24,838 | 18,348 | ||||||
| 1„090,118 | 1,124,855 | |||||||
| The average number of | staff employed | during | the year | |||||
| were as follows: | ||||||||
| Direct charitable | 72 | 64 | ||||||
| Administration & support |
6 | 6 | ||||||
| 78 | 70 | |||||||
| The number of employees | whose emoluments | as defined for taxation | purposes | |||||
| amounted toover E60,000 | in the year were as | follows: |
| Fixtures G | ||||
|---|---|---|---|---|
| Fittings | Total | |||
| 14 | Tsrlglble flxetl assets | E | E | |
| Cost: | ||||
| At 1April 2021 | 9,531 | 9,S31 | ||
| Additions | 3,009 | 3,009 | ||
| At 31March 2022 | 12,540 | 12,540 | ||
| Depredauan | ||||
| At 1April 2021 | 8,105 | 8,105 | ||
| Charge in year |
1,109 | 1,109 | ||
| At 31.March 2022 | 9,214 | |||
| Net baok value | ||||
| At31March 2022 | ||||
| At31Iularch 2021 | ||||
| 15 | Debtors | |||
| Amounts due widdn ane year: | 2021/22 | 2020/21 | ||
| other debtors | 186,501 | 10,906 | ||
| fees debtors | 2,585 | 3,941 | ||
| 189,086 | 14,847 | |||
| 16 | Creditors | |||
| Amounts falling |
due within one year: | 2021/22 | 2020/21 | |
| Trade creditors | 36,908 | 25,472 | ||
| Fees creditors Gdepasits | ¹4,010 | 38,851 | ||
| Other creditors | 29,503 | 26,769 | ||
| Itorlday psy accrual | 31,511 | 32,205 | ||
| Accrued expenses | 7,116 | 5,100 | ||
| Loans | 10,484 | |||
| 159,532 | 128,397 | |||
| 17 | Creditors | |||
| Amounts fsging |
due more than ons year: | |||
| Loans | 38,741 | 50,000 | ||
| 38,741 | 50,000 |
| 18 | Deferred income | 2021/22 | 2020/21 | ||||||
| Balance as | at 1April 2020 | ||||||||
| Amount released to income earned |
from charitable | activities | |||||||
| Amount deferred In the |
year | ||||||||
| Balance as | at 31March | 2021 | |||||||
| 2021/22 | 2020/21 | ||||||||
| 19 | Analysis ofcharitable funds |
||||||||
| Analysis ofmovement | in unrestricted | funds | |||||||
| Unrestricted -General reserve: |
|||||||||
| Balance at | 1April 2021 | 143,489 | 139578 | ||||||
| Movement | In year | 98,048 | 3,911 | ||||||
| Inter-fund | transfers | ||||||||
| Balance at | 31March 2022 | 211.537 | 143489 | ||||||
| Desi noted | - Reserve fund: | ||||||||
| Balance at | 1April 2021 | 95,000 | 95,000 | ||||||
| Movement | in year | ||||||||
| Balance at | 31March 2022 | 95,000 | 95,000 | ||||||
| Restricted | funds | ||||||||
| Balance at | 1April 2021 | ||||||||
| Inter-fund | transfers | ||||||||
| Balance at | 31March 2022 | ||||||||
| Total | 336,537 | 238,489 | |||||||
| 20 | Analysis between fund | balances | |||||||
| Unrestricted | |||||||||
| General | Designated | Total | |||||||
| 6 | 6 | 6 | |||||||
| Tangible fixed assets | 3,326 | 3,326 | |||||||
| Cash at bank and In hand | 250,724 | 91,674 | 342,398 | ||||||
| Other net |
current assets/ (liabilities) | (9,187) | (9,187) | ||||||
| 244,863 | 91,674 | 336,537 |
| 21 | Analysis ofRestricted | Funds | Funds | ||||
|---|---|---|---|---|---|---|---|
| Balance | Incoming | Resources | Balance at | ||||
| Funders name | 1/4/21 | Resources | Expended | 31/3/22 | |||
| E | E | 6 | E | ||||
| L BIslington - Core grant | 1,081,580 | (1,081,580) | |||||
| 29th May 1961Charitable | Trust | 1,500 | (1,500) | ||||
| 5mall fundings | 14,760 | (14,760) | |||||
| Others | 8,779 | (8,779) | |||||
| London Mayor's fund | 3,200 | (3,200) | |||||
| BigAlliance | 9,460 | (9,460) | |||||
| Healthy Winter Holiday | 8 | Islington | 5,000 | (5,000) | |||
| Museum of London |
1,750 | (1,750) | |||||
| 1,126,029 | 1,126,029) |
| 2021/22 | 2020/21 | ||
|---|---|---|---|
| Within | 1year | ||
| Within | two to five years |