Docusign Envelope ID.. D811 BCA&6742474F-81 F4-B3332A8B7823 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 2024
Docusign Envelope ID.. D8118CAM742474F-B1F4-83332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION IPLAYBARN) (A company limited by guarantee) CONTENTS Page Reference and admlnlstrative details of the charity, its Trustees and advisers Trustees. report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 9-22
Docusign Envelope ID.. D8118CA5-6742474F-B1F4-B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION {PLAYBARN) IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees J Copeland, Chair P Howkins P Peel J Brandreth D Brandreth Company registered number 05014282 Charity registered number 1102753 Registered office 480 Gipsy Lane Leicester LE5 OTB Company secretary D Brandreth Accountants Magma Audit LLP (Part of the Dains Group) Chartered Accountants Unit 2 Charnwood Edge Business Park Syston Road Leicester LE7 4UZ Page 1
Docusign Envelope IO.. D811BCAM742474F_8IF4-B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees psent their annual report together with the financial statements of the charity for the year 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees, report and a directors. report under company law. The Trustees confimi 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 chanty qualrfies 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 wth the aim to improve the conditions of life for such children by promoting their physical, mental and spiritual well being. Activities for achleving 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 dired 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. Achievelnents and performance Review of activities The Playbam continues to provide a variety of indoor and outdoor activities, helping the children and young people attending after school to develop lrfe skills, build confidence and create social connections. During the day support is given to children wrth additional needs, often on a one to one basis. An alternative provision programme is tailored to meet individual needs to those struggling within mainstream education. Opportunities to learn cooking 5ki115 are provide¢J in the fully equipped kttchen. The staff keep up to date wrth all relevant training and also ensure the building and play areas are well maintained. During the summer of 2023 any unstable structures We removed and replaced with new, using grant funding. This included a new accessible roundabout with seating making it suitable for individuals with nivbility issues. In addrf(ion a ZiFFline, outdoor table tenni¥ table, swings and a scesaw were all installed logether with renewed flooring for additional safety. Interactive games as well as go-karts are also available. Trips including visits to Draon Manor. Twin Lakes and Laser-force took place. At Christmas the children went to the Winter Wonderland in Tamworth. Page 2
Docusigft Envelope ID: D8118CAH742474F-B1F4-B3332A887823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION {PLAYBARN) (A company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 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. Although thefe was the threat of a reduced grant for 24-25. this has not taken effect. However, the council have infomied the Playbam that the grant will be phased out over the next few years. The Playbam has taken steps to prepare a business plan which provides for an increase in the support provision during the day. The aim of this is to fund any free after school activities provided. The Business Plan has been presented to the council in order to obtain a 5 year licence on the building and a new licence has been confimied. The Playbam has also set aside 3 months, worth of operating costs In the event that Income does not meet expectations. This is to allow for any redundancy and closing down costs. Further detsils regarding the adoption of the going concem basis can be found in the Accounting Policies. • Reserves policy At 31 March 2024 the charity held £33,587 (2023 - £32,947) of unrestricted funds and £42,611 (2023 - £50,565) restricted funds. The committee still considers it prudent to reserve a sufficient amount to cover any outslanding 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 £221,079 (2023 - £214.282) with expenditure of £228,393 (2023 - £203,317). This amounts to a net deficit of £7,314 (2023- £10,965 surplus). Structure, govemance 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 OTB. The Trustees who are also directors for the purpose of company law. who served during the year are set OLrt on page 1. • Methods of appointment or election of Trustees The management of thè charity is the responsibility of the Trustees who are elected and COwOPted under the terms of the Memorandum of Association. Organisational structure and decision-making policles 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
Docusign Envelope ID.. 08118CA54742474F41F4-B3332A887823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trustees, responsibilities The Trustees (who are also the directors of the chanty 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 lor each financial . Under company law, the Trustees must not approve the finanal 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.. select suitable accounting policies and then apply them consistently,. obseNe the methods and principles ofthe Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements: prepare the finanaal statements on the going concem basis unless it is inappropriate to presume that the harity will continue in business. The Trustees are responsible for keeping adequate accounting rerdS 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 TTUStees and signed on their behalf by.. DocuSign•d by.. CPL 2229C 8DA9 opelan Trustee 477 Date.. 19-Dec-24 1 2:16 PM Page 4
Docusign Envelope ID.. D811 BCA5-6742474F-81F*B3332A887823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION IPLAYBARN) IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examlner's report to the Trustees of Northfields and District Play Association (Playbarnl ('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 2024 which comprise the Statement of Financial Activrties, the Balance Sheet and related notes. This report is made solely to the charitys Tfustees, as a body, in accordan with section 145 of the Charits'es Act 2011. My work has been undertaken so that I might state to the chanty's Trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do nol accept or assume responsibility to anyone other than the chanty and the charity's trustees as a body, for my work, for this report, or for the opinions I have fomied. 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 (Ihe 2006 Act'l. 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 resped of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 AcV)- 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 invOe 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 stataments. The planning and conduct of an audit goes beyond the limitèd assurance that 2n independent examination Can provide. Consequently l express no opinion as to whether the financial statements present a 'tfue and fairf wew and my report is limited to those specific matters set out in the independent examiner's statement. Independent examinerfs 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.. accounting records were not kept in resped of the chaiity as required by section 386 of the 2006 Act. or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of sedion 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination.. or 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 2024 I have no concems 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: I 202* FCA FCCA Magma Audit LLP (Part of the Dains Group Chartered Accountants Unit 2 Charnwood Edge Business Park Syston Road Leicester LE7 4UZ Page 6
Docusign Envelope ID= D811BCA5ffj742474F-B1 F4-B3332A887823 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 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Incomè from". Donations and legacies Charitable activities Other trading activities 2,300 45,571 4,300 2,300 214,479 4,300 12,386 201,371 525 168,908 Total income 52,171 168,908 221.079 214,282 Expenditure on: Charitable activities 51,531 176,862 228,393 203,317 Total expenditure 51,531 176,862 228,393 203,317 Net movement in funds 17,954) {7,314) 10,965 Reconciliation of funds: Total funds brought fopward Net movement in funds 32,947 50.565 (7,954) 83,512 (7.314) 72,547 10,965 Total funds carried forward 33,587 42,611 76,198 83,512 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
Docusign Envelope ID.. D811 BCA5-6742474F-81F4-B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION IPLAYBARN) (A company limited by guarantee) REGISTERED NUMBER: 05014282 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Taiigible assets 10 36,585 39,381 36,585 39,381 Current assets Debtors 24,046 28,672 18,022 74,972 Cash at bank and in hand 52.718 92,994 Creditors: amounts falling due within one year 12 (13,105) (48,863) Net current assets 39,613 44,131 Total net assets 76,198 83,512 Charity funds Restricted funds Unrestricted funds 13 13 42,611 33,587 50,565 32,947 Total funds 76,198 83,512 The Charity was entitled to exemption from audit under section 477 of the Companies Ad 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: Do¢5j by.. 32229C98DA9F477 J Copeland Trustee Date.. 19-Dec-24 1 2:16 FW (3 The notes on pages 9 to 22 fomi part of these financial statements. Page 8
Docusign Envelope ID.. D811BCAs-6742474F1F4-B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) (A company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies 1.1 Basis of preparation of financial ststements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charilies: Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard appliGable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102), the Charities Act 2011 & 2022 and the Companies Act 2006. Northfields and District Play Association {Playbam) meets the dèfinition of a public benefit Èntity under FRS 102. Assets and liabilyties 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 resped of the guarantee is limited to £1 per member of the charity. 1.3 Going concern The Trustees assess vthether the use of going concem 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 Twstees make this assessment in respect of a period of at least one year from the dale 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 chaiity's ability to continue as a going concem, thus they continue to adopt the going concem basis of accounting in preparing the financial statements. Page 9
Docusign Envelope ID." D811 BCAM742474F-81 F4-B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 1.4 Income All income is recognised On 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, entrtlement 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 eslate. 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 executors intention to make a distribution. Where legacies have been notified to the chanty, or the charity is aware of the granting of probate. and the criteria for income recognrtion have not been met, then the legacy is treated as a contingent asset and disclosed rf material. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specffjc purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received. the income is accrued. 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 charrty of the item is probable and that economic benefit can be measured reliably. In accordance with the Chanties SORP (FRS 102), general volunteer time is not recognised and refer to the Trustees. report for more infomiation 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 Gtft 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. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obliqation 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 actimty. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activty and support costs which are not attributable to a single adivity are apportioned between those aclivities 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. Page 10
Docusign Envelope ID: D81 I8CA5-6742474F-81F4-B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN (A company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {¢ontinued> 1.5 Expenditure (continued) Charitable activrties and Govemance costs are costs incurred on the charity's operations. induding support costs and costs relating to the govemance of the chanty apportioned to charitable activities. All expenditure is inclusive of irrecoverable VAT. 1.6 Tangible fixed assets and depreciation Tangible fixed assets costing £100 or more are capitalised. A review for impainnent of a fixed asset is carried out rf events or changes in circumstances indicate that the carying 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. Impaimient 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 rvsidual value, over theii expected useful lives. Depreciation is provided on the following bases: Fixtures and fittings Computer equipment 25•/0 written down value 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 ¢h2rty,' this 18 normally upon notification of tho intérest paid or payabla by the institution wilh 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 renised 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 chanty anticipates rt 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 dixount is recognised in the Statement of financial activities as a finance cost. Page11
DocLtsign Envelope ID.. 08I1BCA742474F-B1F4-B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 1.11 Financial tnstruments The charty 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. 1.12 Pensions The chanty operates a defined contributson 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 accordan wtth specrfic restrictions imposed by donor5 or which have been raised by the charity for pariicular purpose5. The costs of raising and administering such funds are charged against the specrfic fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations 2.300 2,300 12,386 Total 2023 12,386 12,386 Page 12
Docusign Envelope ID.. D8118CA54742474F.B1F*B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activities Unrestricted Restricted fvnds funds 2024 2024 Total funds 2024 Total funds 2023 Grants received Other income 143,991 24,917 143.991 70,488 148,991 52,380 45,571 45,571 168,908 214,479 201,371 Total 2023 22.241 179.130 201.371 Income from other trading activities Income from fundraising evonts Unrestricted funds 2024 Total funds 2024 Total funds 2023 Fundraising 4,300 4,300 525 Total 2023 525 525 Page 13
Docusign Emielope ID.. D811BCA&6742474F-B1F4-B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Anatysls of expenditure by activities Direct costs 2024 Support costs 2024 Total funds 2024 Total funds 2023 Charitable activities 176.728 51,664 228.392 203,317 Total 2023 155,408 47,909 203,317 Analysis of direct costs Total funds 2024 Total funds 2023 Staff costs Materials and activities 160,422 16,306 136,265 19,143 176,728 155,408 Page 14
Docusign Envelope10'. 08118CAM742474F.B1F*B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities (continued) Analysis of support costs Total funds 2024 Total funds 2023 Depreciation Rates and water Insurance Light and heat Telephone Postage and stationery Tools and equipment Training Household and cleaning charges Sundries Repairs and renewals Govemance costs 11.806 178 1,727 6,347 767 397 $80 9.862 209 2,205 3,417 998 2.097 967 752 2,095 2,636 17,046 5,625 795 1,419 20,047 7,601 51,664 47.909 Govemance costs 2024 2023 Accountancy Bookkeeping charges 2.940 4.661 2,940 2,685 7,601 5,625 Independent examinerfs remuneration 2024 2023 Fees payable to the charitys independent examiner for the independent examination of the charitys annual accounts 2.940 2,940 Page 15
Docuslgn Envelope IO.. D811BCA&6742474F-B1 F4-83332A8B7823 NORTHFIELDS AND OISTRICT PLAY ASSOCIATION {PLAYBARN) (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Staff costs 2024 2023 Wages and salaries Social Security Costs Contribution to defined contribution pension schemes 154,823 3,692 1,907 132,972 1,698 1,595 160,422 136,265 The average number of persons employed by the charity during the year was as follows.. 2024 No. 2023 No. Employees 11 12 No employee received remuneration amounting to more than £60.000 in either year. Trustees. remuneration and expenses During the year, no Twstees received any remuneration or other beneffts (2023 - £NIL). During the year ended 31 March 2024. no Trustee expenses have been irbcurted (2023 - £NIL). Page 16
Docusign Envelope ID.. 0811 BCA5-6742474F_B1 F*B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Tangible fixed assets Flxtures and fittings Computer equipment Total Cost or valuation At 1 April 2023 Additions 58,454 8.760 7,124 250 65,578 9,010 At 31 March 2024 67,214 7,374 74,588 Depreciation At 1 April 2023 Charge for the year 21,272 11.199 4,925 607 26,197 11,806 At 31 March 2024 32,471 5.532 38,003 Net book value At 31 March 2024 34,743 1,842 36,585 At 31 March 2023 37,182 2,199 39,381 11. Debtors 2024 2023 Trade debtors Other debtors Prepayments and accrued income 21,711 896 1,439 16,288 1,734 24.046 18,022 Page 17
Docusign Envelope10.. D811BCA5-6742474F-BIF*B333248B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION {PLAYBARN) (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Creditors: Amounts falling due within one year 2024 2023 Trade creditors Taxation and social security Other creditors Accruals and deferred income 3,476 5,583 1,106 2,940 4,420 4,762 1,993 37,688 13,105 48,863 Page 18
Docusign Envelope ID.. D81 IBCAM742474F-BfF4-B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION {PLAYBARN) {A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Statement of funds ststement of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Income Expenditure Unrestricted funds General funds 32,947 52,171 (51,531) 33,587 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 Communty Fund 2022123 Percy Bilton - Roundabout 138,991 24.917 (138.991) (24,917) 6,280 259 5,280 194 (65 (30) (676) {2,0411 {2,541) 13,000) (2381 ($41 (147) 7,288 2,705 8,164 10.165 3,000 954 7,258 2,029 6,123 7.624 716 2.164 586 1,623 439 10,000 (2,5291 (1.146 7,471 3,854 5,000 50,565 168,908 (176,862) 42,611 Total of funds 83.512 221,079 (228,393) 76,198 Page 19
Docusign Envelope ID.. D811 BCW742474F-81F4-B3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Statement of funds (continued Statement of funds - prior year Balance at 31 March 2023 Balance at 1 April 2022 Income Expenditure Unrestricted funds General funds 23,609 35,152 (25,814) 32,947 Restricted funds LCC Disabled childnS Services The National Lottery Community Fund LCC- Feeding grant Leicester Polico Bailey Will Trust LCC Kitchen Grant LCC - community fund LCC- camp funding LCC - arcade funding Percy Bilton Charity Groundworks UK The National Lollery Communty Fund 2022123 Westem Power - Community Matters 138,991 27,639 (138,991) (27,639) 5,280 5,280 259 7,288 2,705 8,164 10,165 3,000 954 2,164 588 (87) (40) (1.352) (2,271) (3,389) 7,328 4.057 10.435 13,554 3,000 1.272 2,885 781 (318) (721) (195) 10,000 2,500 10,000 (2,500) 48,938 179.130 (177,503) 50,565 Total of funds 72.547 214.282 (203.317) 83,512 Page 20
Docusign Envelope ID.. 0811 BCAM742474F-B1 F4-83332A887823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Statement of funds (continued) The Purpose of the Leicester Cty Council (LCC) grant is to provide supeNised 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 SeNices funds are to provide recreational facilities and other supervised leisure occupations for chIldn and young adults who have a disabilty. 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 recetved towards prowding 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 £194 of the new blender and microwave capitalised in line with the charivs 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 cary forward balance represents total unspent funds of £7,170, plus the net book value of £88 of the new capitalised in line with the charivs 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 remaining balance of £2,029 represents the net book value of the assets. The LCC kitchen grant was reiVed to be used towards the kitchen conversion. The remaining balance of £6,123 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. The remaining balance of £7,624 represent5 the net book value of the new zip line. The LCC camp funding was provided to enable the charity to organise a camp tnp. The funds were spent during the current year. The LCC arcade funding was received towards the cost of activtties 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 £716. The Percy Bilton Chanty provided funds to the playbarn to provide activities. the charity purchased a slide with these funds. The Caled fornyard balance represents the net book value of the assets acquired being £1,623. The Groundworks UK income was provided towards the cost of an arcade machine. The remaining balance of £439 represents the net book value of the assets. The National Lottery Communty Fund income received in the prior year is to be used to replace play equipment in an open accessible playground. The carry forward balance represents total unspent fijnds of £6,360, plus the nel book value of £1,112 of the new basketball equipment capitalised in line with the charitys policies. The Playbam plan to spend the remaining money in 2024125. During the year, the charity were successful in receiving £5,000 of funding from the Percy Bilton charty towards the new roundabout in the playground. The money has been spent in full with the balance of £3,854 representing the net book value of the assets. Page 21
Docusign Envelope ID.. 0811BCAM742474F-B1FM3332A8B7823 NORTHFIELDS AND DISTRICT PLAY ASSOCIATION (PLAYBARN) (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due wthin one year 12,783 33,910 (13.105) 23,802 18,809 36,585 52,719 {13,105) Total 33,588 42,611 76,199 Analysis of net assets between funds - prior period Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Current assets 14,266 67,SH (48,863) 25,115 25,450 39,381 92,994 {48,863) Creditors due within one year Total 32,947 50,565 83,512 15. Related party transactions The charty has not entered into any related party transadion during the year, nor are there any outstanding balances owing beeen related parties and the charity at 31 March 2024. Page 22