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2023-03-31-accounts

Registered number: 05014282 Charity number: 1102753

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) (A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Trustees' report 2 - 4
Independent examiner's report 5 - 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 22

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees J Copeland, Chair C Derry, Vice Chair (resigned 30 November 2022) P Howkins P Peel J Brandreth D Brandreth Company registered number 05014282 Charity registered number 1102753 Registered office 480 Gipsy Lane Leicester LE5 0TB Company secretary D Brandreth Accountants Magma Audit LLP Chartered Accountants Unit 2 Charnwood Edge Business Park Syston Road Leicester LE7 4UZ

Page 1

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report together with the financial statements of the charity for the year 1 April 2022 to 31 March 2023. 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 (SORP) 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).

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Policies and objectives

The Trustees are aware of the Charity Commission's general guidance on public benefit and take into account when they review the aims and objectives of Northfields and District Play Association (Playbarn).

The charity operates the provision of facilities for recreation and other leisure time occupation for children, young people including those with disabilities who are resident in the Northfields and Humberstone areas of Leicester. Those children that have need by reason of their youth or social and economic circumstances with the aim to improve the conditions of life for such children by promoting their physical, mental and spiritual well being

Activities for achieving objectives

In furtherance of the objects of the association the Trustees aim to provide, maintain and equip the playground and building. Affording opportunities for adventure and enterprise, raise money for these purposes, create a positive play environment, give the community a direct voice on the running of the playground and children’s activities. To encourage a greater understanding and appreciation of young people and to foster interest and active participation in the use of playgroup and children's activities.

Achievements and performance

Review of activities

The Playbarn has had a busy year providing after school activities They have also taken the children on trips such as to Megazone, Stonehurst Farm Park, Cliff Lakes Watersports, Twinlakes, Nottingham Ice Skating and Swadlincote Ski Centre. During the year they expanded their provision for excluded children. In liaison with the schools they taught baking, bike repairs and assisted with any school work. They continue to provide for those with Special Needs. Work to the play equipment continued and most major repairs are now complete. Staff continue to be the greatest asset and ongoing training was provided throughout the year, including a specialist course on Epilepsy awareness.

Page 2

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Financial review

Going concern

After making appropriate enquiries, the Trustees continue to have a reasonable expectation that the charity has adequate resources to continue in operational existence for the immediate future. Since the year end there has been an indication that the 24-25 grant may be reduced by up to 25%. They are only granted funds one year at a time but 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.

Reserves policy

At 31 March 2023 the charity held £32,947 (2022 - £23,609) of unrestricted funds and £50,565 (2022 - £48,938) restricted funds.

The committee still considers it prudent to reserve a sufficient amount to cover any outstanding bills and wages for up to 3 months. The introduction of additional services, such as for excluded children provides additional income for the Playbarn and means that the resources are used during the day in addition to after school clubs.

Financial review

The total income during the year amounts to £214,282 (2022 - £201,213) with expenditure of £203,317 (2022 £192,961). This amounts to a net surplus of £10,965 (2022 - £8,252).

Structure, governance and management

Constitution

The charity is a charitable company limited by guarantee, incorporated on 13 January 2004 and registered as a charity on 22 March 2004. The charity was established under the Memorandum of Association dated 13 January 2004 amended by a special resolution dated 27 June 2006. In the event of the company being wound up, its members will be required to contribute an amount which will not exceed £10 each. The principal and registered office is 480 Gipsy Lane, Leicester, LE5 0TB.

The Trustees who are also directors for the purpose of company law, who served during the year are set out on page 1.

Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

Organisational structure and decision-making policies

The number of Trustees shall be not less than three, but shall not be subject to any maximum. The business of the charity shall be managed by the Trustees who may exercise all the powers of the charity.

Page 3

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' 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:

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:

J Copeland Trustee

Date:

Page 4

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023

Independent examiner's report to the Trustees of Northfields and District Play Association (Playbarn) ('the charity')

I report to the charity Trustees (who are also Directors for the purpose of company law) on my examination of the accounts of Northfields and District Play Association (Playbarn) ('the charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

This report is made solely to the charity’s Trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in this 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, for this report, or for the opinions I have formed.

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 section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner's statement

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 that in any material respect:

  1. accounting records were not kept in respect of the charity 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. 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.

Page 5

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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.

Signed:

Luke Turner

Dated:

FCA FCCA

Magma Audit LLP Chartered Accountants Unit 2 Charnwood Edge Business Park Syston Road Leicester LE7 4UZ

Page 6

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Other income
5
Total income
Expenditure on:
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
12,386
22,241
525
-
35,152
25,814
25,814
9,338
23,609
9,338
32,947		 Restricted
funds
2023
£
-
179,130
-
-
179,130
177,503
177,503
1,627
48,938
1,627
50,565		 Total
funds
2023
£
12,386
201,371
525
-
214,282
203,317
203,317
10,965
72,547
10,965
83,512		 Total
funds
2022
£
9,832
180,711
2,145
8,525
201,213
192,961
192,961
8,252
64,295
8,252
72,547

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 22 form part of these financial statements.

Page 7

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) (A company limited by guarantee) REGISTERED NUMBER: 05014282

BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 18,022
74,972
92,994
(48,863)		 2023
£
39,381
39,381
44,131
83,512
50,565
32,947
83,512		 3,335
73,909
77,244
(41,964)		 2022
£
37,267
37,267
35,280
72,547
48,938
23,609
72,547

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 accordance 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:

J Copeland Trustee

Date:

The notes on pages 9 to 22 form part of these financial statements.

Page 8

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2011.

Northfields and District Play Association (Playbarn) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Company status

The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

1.3 Going concern

The Trustees assess whether the use of going concern is appropriate, ie whether there are any material uncertainties related to events or conditions that may cast significant doubt over the ability of the charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 9

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting policies (continued)

1.4 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.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised and refer to the Trustees' report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

Page 10

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting policies (continued)

1.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £100 or more are capitalised.

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 between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities 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.

Depreciation is provided on the following bases:

Fixtures and fittings - 25% written down value Computer equipment - 25% written down value

1.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.8 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.

1.9 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.

1.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance 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.

1.11 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 11

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting policies (continued)

1.12 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.

1.13 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.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2. Income from donations and legacies

Unrestricted
funds
2023
£
Donations
12,386
Total 2022
9,832		 Total
funds
2023
£
12,386
9,832		 Total
funds
2022
£
9,832

3. Income from charitable activities

Unrestricted
funds
2023
£
Grants received
-
Other income
22,241
22,241
Total 2022
-		 Restricted
funds
2023
£
179,130
-
179,130
180,711		 Total
funds
2023
£
179,130
22,241
201,371
180,711		 Total
funds
2022
£
180,711
-
180,711

Page 12

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

4. Income from other trading activities

Income from fundraising events

Fundraising
Total 2022
Other incoming resources

Local government COVID restriction funding
Total 2022		 Unrestricted
funds
2023
£
525
2,145
Unrestricted
funds
2023
£
-
8,525		 Total
funds
2023
£
525
2,145
Total
funds
2023
£
-
8,525		 Total
funds
2022
£
2,145
Total
funds
2022
£
8,525

5. Other incoming resources

Page 13

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

6. Analysis of expenditure by activities

Charitable activities
Total 2022
Analysis of direct costs
Staff costs
Materials and activities		 Direct
costs
2023
£
155,408
141,215		 Support
costs
2023
£
47,909
51,746		 Total
funds
2023
£
203,317
192,961
Total
funds
2023
£
136,265
19,143
155,408		 Total
funds
2022
£
192,961
Total
funds
2022
£
115,237
25,978
141,215

Page 14

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Tools and equipment
Training
Household and cleaning charges
Sundries
Repairs and renewals
Governance costs
7.
Governance costs
Accountancy
Bookkeeping charges
8.
Independent examiner's remuneration
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts		 Total
funds
2023
£
9,862
209
2,205
3,417
998
2,097
967
752
2,095
2,636
17,046
5,625
47,909
2023
£
2,940
2,685
5,625
2023
£
2,940		 Total
funds
2022
£
7,166
139
2,355
4,057
1,040
1,330
756
2,621
2,333
855
24,084
5,010
51,746
2022
£
2,640
2,370
5,010
2022
£
2,640

Page 15

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2023
£
132,972
1,698
1,595
136,265		 2022
£
112,486
1,499
1,252
115,237

The average number of persons employed by the charity during the year was as follows:

2023 2022
No. No.
Employees 12 11

No employee received remuneration amounting to more than £60,000 in either year.

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).

Page 16

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11. Tangible fixed assets

Cost or valuation
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
12.
Debtors
Trade debtors
Other debtors
Prepayments and accrued income		 Fixtures and
fittings
£
47,418
11,036
58,454
11,987
9,285
21,272
37,182
35,431		 Computer
equipment
£
6,184
940
7,124
4,348
577
4,925
2,199
1,836
2023
£
16,288
-
1,734
18,022		 Total
£
53,602
11,976
65,578
16,335
9,862
26,197
39,381
37,267
2022
£
2,488
65
782
3,335

Page 17

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

13. Creditors: Amounts falling due within one year

Trade creditors
Taxation and social security
Other creditors
Accruals and deferred income		 2023
£
4,420
4,762
1,993
37,688
48,863		 2022
£
763
3,161
652
37,388
41,964

Page 18

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General funds
Restricted funds
LCC
Disabled Childrens Services
The National Lottery Community Fund
LCC - Feeding grant
Leicester Police
Bailey Will Trust
LCC Kitchen Grant
LCC - community fund
LCC - camp funding
LCC - arcade funding
Percy Bilton Charity
Groundworks UK
The National Lottery Community Fund
2022/23
Western Power - Community Matters
Total of funds		 Balance at 1
April 2022
£
23,609
-
-
5,280
346
7,328
4,057
10,435
13,554
3,000
1,272
2,885
781
-
-
48,938
72,547		 Income
£
35,152
138,991
27,639
-
-
-
-
-
-
-
-
-
-
10,000
2,500
179,130
214,282		 Expenditure
£
(25,814)
(138,991)
(27,639)
-
(87)
(40)
(1,352)
(2,271)
(3,389)
-
(318)
(721)
(195)
-
(2,500)
(177,503)
(203,317)		 Balance at
31 March
2023
£
32,947
-
-
5,280
259
7,288
2,705
8,164
10,165
3,000
954
2,164
586
10,000
-
50,565
83,512

Page 19

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General funds
Restricted funds
LCC
Disabled Childrens Services
The National Lottery
Community Fund
LCC - Feeding grant
Leicester Police
Bailey Will Trust
LCC Kitchen Grant
Kitchen donation
LCC - community fund
LCC - activities funding
LCC - camp funding
LCC - arcade funding
Percy Bilton Charity
Donations for holidays,
activities and food
Groundworks UK
Total of funds		 Balance at
1 April 2021
£
29,168
2,320
-
5,612
460
9,116
4,982
12,637
-
-
-
-
-
-
-
-
35,127
64,295		 Income
£
20,502
138,991
16,781
-
-
-
-
-
1,300
12,317
2,400
3,000
1,600
2,924
600
798
180,711
201,213		 Expenditure
£
(20,537)
(141,311)
(16,781)
(332)
(114)
(1,788)
(925)
(4,987)
(1,300)
(1,502)
(2,400)
-
(328)
(39)
(600)
(17)
(172,424)
(192,961)		 Transfers
in/out
£
(5,524)
-
-
-
-
-
-
2,785
-
2,739
-
-
-
-
-
-
5,524
-		 Balance at
31 March
2022
£
23,609
-
-
5,280
346
7,328
4,057
10,435
-
13,554
-
3,000
1,272
2,885
-
781
48,938
72,547

Page 20

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Statement of funds (continued)

The purpose of the Leicester City Council (LCC) grant is to provide supervised recreational facilities and other supervised leisure time occupations for children and young people aged between 5 and 18 up to 25 if they have a disability.

The Disabled Childrens Services funds are to provide recreational facilities and other supervised leisure occupations for children and young adults who have a disability.

The National Lottery Community Fund was income received to provide dance and music sessions for young people. The closing balance relates to funds to be spent in the next financial year.

The LCC feeding grant funds were received towards providing the provision of a food bank to ensure children receive a meal during the school holidays. The carry forward balance represents the net book value of £259 of the new blender and microwave capitalised in line with the charity's policies.

The Leicester Police grant funding is part of The Police and Crime Commissioners Prevention Fund. The funds will offer a youth project for young people to access in the Northfields and surrounding wards. The carry forward balance represents total unspent funds of £7,170, plus the net book value of £118 of the new TV capitalised in line with the charity's policies.

The Bailey Will Trust funds were received towards the cost of converting office space into a kitchen. This will be used to teach young people to cook. The funds were fully spent in the year and included within fixtures and fittings as fixed assets. The remaining balance of £2,705 represents the net book value of the assets.

The LCC kitchen grant was received to be used towards the kitchen conversion. All funds were spent during the year and included in fixtures and fittings as fixed assets. The remaining balance of £8,164 represents the net book value of the assets.

The LCC community fund income was given to provide new play equipment at the Playbarn. The funding was used to purchase and install a new Zip wire. All funds were spent during the year and the cost has been included in fixtures and fittings as fixed assets. The remaining balance of £10,165 represents the net book value of the new zip line.

The LCC camp funding was provided to enable the charity to organise a camp trip. The funds were unspent at the year end and have been carried forward to be spent in 2023/24.

The LCC arcade funding was received towards the cost of activities and purchasing a new arcade machine which is included in fixtures and fittings as tangible assets, all funds were fully spent. The closing balance represents the net book value of the equipment purchased amounting to £954.

The Percy Bilton Charity provided funds to the playbarn to provide activities, the charity purchased a slide with these funds. The carried forward balance represents the net book value of the assets acquired being £2,164.

The Groundworks UK income was provided towards the cost of an arcade machine. The remaining balance of £586 represents the net book value of the assets.

The National Lottery Community Fund income received in the current year is to be used to replace play equipment in an open accessible playground. The Playbarn plan to spend this money on ball courts in 2023/24.

During the year, the charity were successful in receiving funding from the Community Matters Fund by Western Power. The money has been spent in full towards heating solutions at the Playbarn.

Page 21

NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
5,895
Current assets
75,915
Creditors due within one year
(48,863)
Total
32,947		 Restricted
funds
2023
£
33,486
17,079
-
50,565		 Total
funds
2023
£
39,381
92,994
(48,863)
83,512

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
2,825
62,748
(41,964)
23,609		 Restricted
funds
2022
£
34,442
14,496
-
48,938		 Total
funds
2022
£
37,267
77,244
(41,964)
72,547

16. Related party transactions

The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 31 March 2023.

Page 22