REGISTERED COMPAI¥Y NUMBER: 05042881 (England 8nd Wales) REGISTERED CHARITY NUMBER: 1104506 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR LET US PLAY (WOLVERHAMPTON) Blackthorns Chartered Accountants Admiral House Waterfront East Brierley Hill West Midlands DY5 IXG
LET US PLAY (WOLVERHAMPTON) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees I to 4 IndependeDt Examlnerls Report Statement of Flnanclal Actlvltles Balance Sheet 7 to 8 Notes to the Flnanclal Statements 9 to 21 Detalled Statement of Flnancl81 Activitle8 22
LET US PLAY (WOLVERHAMPTON) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives Ydnd aims This year has seen a shift in the demand for places upon the charity. Rapidly increasing demand has seen waiting lists for the first time and essential assessments before granting membership, even for those more able children. It has become much harder to assc58 a child by lookin8 at them on paper. The SEND schools in the city have become a big mixture of abilities and disabilities with many more demanding children attending mainstream school because of the lack of places available in specialist SEND schools.Th¢ deTnand for places for children with high l¢v¢ls of nced rcmains very high. These children we tend to refer to as I I's as they need at least one member of staff to support them at sessions. The most common reason we support a child on a I: I basis is behaviour, but it can also bc because of extreme aXIetY. Sometimes the child is a danger to themselves, but often they are a danger to others as well. We have made adaptations to our building to try and accommodate these children. We constantly struggle for space and the breaky in our Schedule to run quiet sessions for those children who Gan't cope with the noise of larger sessions are hard to fmd. Largely this is becaus¢ of the attendance number5 rcquired for much of our fi]nding. Fxnding funding for the charity 18 a constant pressure and thi5 year has se¢n our staff co818 increase, whilst our overall income has dropp¢d. The Holiday Activities and Food initiative by the government has continued to be sUPPOrtcd by Wolverhampton City Council. We have continued to be actively involved in delivering the proj¢ct. Thiy include8 the #yow Wolve8 project running in half terni breaks. Its bought challenges at time8, but has enabled us to deliver more activitie5 overall. Once again this year we ran a series of activitles over the Christmas BreaK these wer¢ well attended and well supported by our staff team. Providing activities for disabled children and young people means that making every bession inclusive is impossible, instead our aim 18 alway5 to run sessions that are very varied by nature, to do something for everyone. This 18 very important to us and underyiny way we manage and produce our Sessions. However around 70 % of our membership are now over 12 years old. Much of thi8 18 about young people who joined when they were much younger and have remained members ever 8ince. During this year we ran just under 300 sessions across the year. Many days had the same session repeated twice during the day to ty and cope with demand. Thiq year saw the summer have lots of rain and damp weather, almost every 8esyion was impacted by weather in some way. Sometimes this highlights some of the social divides that exists amongst our membershtp. Inappropriately drey¥ed children was an issue often during the summer, where some children gimply didn't own the appropriate rainwear or footwear. Our weekly cycling project ha8 continued gratefully funded by the Eveson Trust. The Attendees do remain static with only the ocra5ional vacancy coming up. This wa8 hampered twice during the year when large sporting events were held at WV Active Aldersley which meant cycling did close for 7 additional weeks during the year.
LET US PLAY (WOLVERHAMPTON) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Signifleant actlvltles May 2023. Kim Hatton and Claire McK¢n were invited to attend the coronation of King Charles 3rd at Westminister Abbey. They were proud to represent the charity at such a prestigious event. Two Trustees were also invited to attend a garden paty at Buckingham Palac¢. This was a result of the Charity being awarded the Queens Award the previous year. Joyce Jeavons and Joanne Lacey attended as the chari8 Tepresentatives. July 2023 The biggest event of year was when we held our 20th Birthday party at Wednesfield British Legion in July 2023. Our actual birthday was in February 2023, but we decided to hold the celebration in the summer so that we could have the better weather and invite lots more people. Although a good number of previous staff and member5 did comc to help us c¢lcbrat¢, the weather really wasn't on our sid¢. Th¢ hcavcL8 poured and a lasting memory of th¢ day is being astounded at how much rain a bouncy castle ran hold. We were well prepared and ran indoor activitie5 and entertainment. Publlc benefit The trustees have complied with their duty in Section 17(5) of the Charity A¢t 2011 to have due regard to guidance published by the Charity Commission in respect of public benefit and in planning the activities for the year have kept this in mind. Volunteers We continued to use volunteers 8paringly. Having limited space in the LUP building meant we needed to restrict how many adults were An the premises. We continued to Use volunteers in other capacitie5. FINANCIAL REVIEW Finydnclgl posltion The charity had a deficit for the year of £7,756 (2023 surplus - £39,602) of which £8,863 (2023 - £22,613) related to restricted funds. The charity has r¢s¢rv¢s of £182,462 (2023 - £190,218) at th¢ year end of which £140,882 (2023 - £149,745) related to restricled nds. Reserves pollcy The directors feel that in the current economic climate a spKifi¢ reserves policy is not Applicable given the difficulty in predicting future grants and donations. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is a company limited by guarantee, and 18 controlled by its governing document, its Articles of Association. In the event of the company being wound up the members are required to contribute an amount not exceeding £1. This liability continuc8 for one year after cessation of membership. Under the requirements of thc ArtiGIc8 of Association, all the members of thc executivr comrnittee are elected to Serve until the next annual general meeting and at that time shall retire from office. Those that retire are eligible for re-election.
LET US PLAY (WOLVERHAMIryON) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure [£1 Us Play has an executive committee of up io 10 meftDbers who meet up to 8 times a year and are responsible for the strategic direction, financial position and policy of the charity. At present the committee has 8 members from a variety of backgrounds. A scheme of delegation is in place and day to day responsibility for the provision of services rests with the Charity Manager Kim Hatton. The Chair of Trustees is responsible for ensuring that the charity delivers the servic¢s as specified by its governing documents. lo¢ J¢avons has responsibility for Safeguarding with Simon Archer having responsibility for Data Protection. Induetlon and tralnlng of new trustees New trustees are invit¢d and ¢ncouraged to attend a training session to familiarise themselves with the charity and how it operate8. Thi8 is led jointly by the chair of the executive committee and the charity manager and covers: the obligations of executive committee memb¢r8 as both directors and trustees of the charity the main obligation8 which cover the governanGe and operation of the charity futur¢ plan8 and objectives of the charity the financial position of the charity REFERENCE AND ADMllyIsTRATIVE DETAILS RegiJ¢ered Company number 05042881 (England and Wales) Registered Charlty number 1104506 Registered office 7 Shaw Park Business Village Shaw Park Business Village, Shaw Road Wolverhampton WVIO 9LE Trustees Ms J Jeavons Chair & Safeguarding Lead P A Bate Trea8urer MsTLaw Psud Ms J D Lacey MS U Wastall S R Archer (resigned 3.12.23) D J Reilly D A Walton {appoint¢d l.11.23) Company Secretary MsTtAw
LET US PLAY (WOLVERHAMPTON) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IVL4RCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Victoria Brassington BA FCA Blackthorns Chartered Accountants Adrniral House Waterfront B1 Brierley Hill West Midlands DY5 IXG OUR ACM Our AGM was h¢ld on Saturday l Oth December at Wedn¢sfield and Woodend British legion. It attended by almost 100 families. All members were allowed to view our accounts and received an inforniation sheet from our trustees. Th¢ trustees vote4 lo continue with the same positions, th¢re were no changes. This report has been prepared in acxordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on .. and signed on its behalf by: J..-Jc)G(Klo ns Ms J Jeavons- Trustee
INDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES OF LET US PLAY (WOLVERHAMPTON) Independent examlner's report to the trustees of Let Us Play (Wolverhampton) ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responslbilltles and basis of report As the charity's trustees of the Company (and also its directors for the purpose8 of company law) you are responsible for the preparation of th¢ accounts in accordance with th¢ r¢quir¢ments of the Compani¢s Act 2006 ('th¢ 2006 Act,). Having satisfied myself thai th¢ accounts of the Company are not required to be aUdId under Part 16 of the 2006 Act and are eligible for independent examination. I rq)ort in respect of my examination of your charity's accounts as 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. Independent eXanner'S statement I have completed my examination. I confirni that no matter8 have come to my attention in Connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company 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 Section 396 of the 2006 Act other than any requirement that the accounts give a In and fair vi¢w which is not a matter ¢onsidered as part of an independent examination. or the accounts have not been preparcd in accordance with the methods and principle8 of th¢ Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be dramm in thi8 report in order to enable a proper understanding of the accounts to be reached. Victoria Brassington BA FCA The Institute of Chartered Accountants in England and Wales Blackth0rn8 Chartered Accountants Admiral House Waterfront East Brierley Hill West Midlands DY5 IXG 5 November 2024
LET US PLAY (WOLVERHAMFTON) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestrlcted Restricted fund funds 1¥4ote5 INCOME AND EI¥4DOWMENTS FROM Donations and legacie5 21,960 21,960 47,437 Charltable activltlej Delivery of seryices 216,768 216,768 229,072 Investment income 398 398 82 Total 22,358 216,768 239,126 276.591 EXPENDITURE ON Raising funds 480 480 Charltable a¢dvltlei Oth¢r income Delivery of servAces 17,271 3,500 221,140 2,500 238,411 6,000 1,860 232,593 Other 1,993 1,993 2,535 Total 21,251 225,633 246,884 236,988 NET INCOMEI(EXPENDITURE) 1,107 (8,865) (7,758) 39,603 RECONCILIATION OF FUNDS Total funds brought forward 30.649 159,570 190,219 150,616 TOTAL FUNDS CARRIED FORWARD 31,756 150,705 182,461 190,219 The notes forni part of these financial statements
LET US PLAY (WOLVERHAMpfoN) BALANCE SHEET 31 MARCH 2024 31.3.24 Total funds 31J.23 Tot funds Unrestrlcted fund Restricted funds Notes FIXED ASSETS TangAble assets 113.926 113,926 113.926 CURRENT ASSETS Debtors Cash at bank 1,200 34,837 1,200 130,722 4.281 128,954 95,885 36.037 95,885 131,922 133,235 CREDITORS Amounts falling due within one year io (4.281) (33,718) (37,999) (29,809) NET CURRENT ASSETS 31,756 62,167 93,923 103,426 TOTAL ASSETS LESS CURRENT LIABILITIES 31,756 176,093 207,849 217,352 CREDITORS Amounts falling due after more than one year li (25,388) (25,388) (27.133) NET ASSETS 31.756 150,705 182,46 I 190,219 FUNDS Unrestricted funds Restricted funds 14 31,756 150,705 29.225 160,994 TOTAL FUNDS 182,461 190.219 The Charitable company is entitled to exemption from audit under Seetion 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of ihe Companies Act 2006. The trustees acknowl¢dge their responsibilities for {a} ¢nsuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affair8 of the charitable company at the end of each fllwicial y¢ar and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othenvise comply with the requirements of the Companies Act 2006 relating to fmancial statements, so far as applicable to the charitable company. (b) The notes forn) part of these financial statetnents
LET US PLAY (WOLVERHAMPTON) BALANCE SHEET - continued 31 MARCH 2024 These financial statements have been prepared in a¢cordanc¢ with the provisions applicable to charitable companies subject to the small companies regime. The final) ial slalen?ei)Is were approved by the Board of Trustees and authorised for issue and were signed on its behalf by: OD J Jeavons - Trnslee The notes forni part of these fmancial statements
LET US PLAY (WOLVERHAMPTOIY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHAIUTY INFORMATION tKt U8 Play (Wolverhampton) 18 a privatc company. limit¢d by guarantee. r¢gist¢red in England and Wales, Tegistered number 05042881. Its register¢d office is 7 Shaw Park Business Village, Shaw Roa<L Wolverhampton, WVIO 9LE. It is aI80 registered with the Charity Conuni&8ioo registered munber 1104506. The financial statements are presented in Sterling, which is the fLmCtional currency of the company. ACCOUNTING POLICIES Basls of preparlng the financlal statements The financial statements of the charitable company, which 18 a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recon)mended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The finanGial Statements have been prepared under the historical cost eonv¢ntion. Income All income 18 recogni¥ed in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that thc income will bc reccived and the amount can be measured reliably. Expendlture Liabilities are recogni.8ed as expenditure as Soon as there 18 a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefit8 will be required in settlement and the amount of the obligation can be measured reliably. Expenditurc is account for on an aCGnlS basis and has been classified under headings that aggregate all cost related to the catsgory. Where cosls cannot be directly attributed to particular heading8 they have been allocated to activities on a basis consistent with the use of Tangible flxed assets Depreciation AS provided at the following annual rates in order to write off Ch asset over its estinmted useful ng leasehold The estimated residual value of the long leasehold property is considered to be greater than ¢08t and no depreciation is therefore included on this propety. Taxatlon The charity is exempt from corporalion tax on its charitable activities. Fund aceountlng Unr¢stricted fimds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fid5 can only be u8gd for particular restricted putposes within the objects of the clwity. Restrictions arise when specified by thg donor or when fid¥ are raised for particular restricted purposes. Fvrtber ¢xplanation of the nature and purpose of each fund is included in the notes to the fula1 statements.
LET US PLAY (WOLVERHAMPTON) NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2024 INVESTMENT INCOME 31.3.24 31.3.23 Deposit aOllnt interest 398 82 RAISING FUNDS Rallng donations and legacles 31.3.24 31.3.23 Support Costs 60 TRUSTEES, REMUNERATION AND BENEFITS There were no trnst¢e8' remuneration or other benefit8 for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenies There were no tru8tees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average monthjy number of employees during the year was as follows: 31.3.24 19 31.3.23 20 Provision of services No employees received ernolunnts in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted Restrlcted fund funds Total funds llYCOME AND ENDOWMENTS FROM Donations and legacies 47,437 47,437 Charltable actlvities Delivery of services 229,072 229,072 Investment income 82 82 Total 47,519 229,072 276,591 EXPENDITURE ON Charitable actlvltles Other income Delivery of services 1,860 28,670 1,860 232,593 203,923 Other 2,535 2,535 -io-
LET US PLAY (WOLVERHAMPTON) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued Unrestricted Restricted fund funds Totsl funds Total 30,530 206,458 236,988 NET INCOME Transferfj between funds 16,989 (11,248) 22,614 11,248 39.603 Net movement In funds 5,741 33,862 39,603 RECONCILIATION OF FUNDS Total funds brought forward 23,484 127,132 150.616 TOTAL FUNDS CARRIED FORWARD 29,225 160,994 190,219 TANGIBLE FIXED ASSETS Long leasehold COST At l April 2023 and 31 March 2024 113,926 NET BOOK VALUE At 31 March 2024 113,926 At 31 March 2023 113,926 DEBTORS: AMOUNTS FALLllYG DUE WITHIN ONE YEAR 31.3.24 31J.23 Prepayments and accrued income 1,200 4,281
LET US PLAY IWOLVERHAMPTON) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 io. CREDITORS: AMOUNTS FALLING DUE THIN ONE YEAR 31.3.24 31J.23 Bank loans and overdraft8 (see note 12) Other loans (see note 12) Other creditors Accrued expenses 34,641 1.543 {106) 1,921 26,406 1,543 1,860 37,999 29,809 ii. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.24 31.3.23 Other loans (see note 12) 25,388 27,133 12. LOANS An analy8is of the maturity of loans 18 given below: 31.3.24 31J.23 Amount8 falling due within one year on demand: Bank overdraft8 Other loans 34,641 1,543 26,406 1,543 36,184 27,949 Amounts falling due in more than five years: Repayable by in8ts1m¢nts: Other loans 25,388 27,133 13. SECURED DEBTS Other loans are secured against the freehold property held. -12-
LET US PLAY (WOLVERHAMYTON) NOTES TO THE FINANCIAL STATEMENTS - conthiued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS Net movement In funds At 31J.24 At 1.4.23 Unre8trl¢ted funds General fund 30.649 1,107 31,756 Regtrlcted funds Income resources Eve8on Activities Equipment Staff Salaries Volunteer Expense8 8,073 2.344 22,840 3,025 20,933 3,194 7,491 5,486 3,263 5,146 58.844 18,931 (i) 1,394 4,712 286 (4,773) (622) (142) 8,072 3,738 27,552 3,311 16,160 2,572 7,349 5,486 1,501 5,425 56,853 18,931 (3,990) (2,255) Headstart Parents Group Short Breaks Propety Purcha8e Build Fund Wolverhampton HAF Compass (1,762) 279 (1,991) (3,990) (2,255) 159,570 (8,865) 150.705 TOTAL FUIYDS 190,219 (7.758) 182,461 -13-
LET US PLAY (WOLVERHAMPTON) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS - eontlnued Net nwvement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fimd 22,358 (21,251) 1,107 Restrleted fund8 Income resources Eveson Activities Equipment Staff Salaries Volunteer Exp¢n8es CIN Par¢nts Group Short Break8 Propety Purchase Playschemes Wolverhamptoll HAF Compass (i) (3,206) (13,288) (4.732) (4,773) (622) (22,831) (1.762) (35,995) (1,991) (4,050) (130,127) (2,255) (i) 1,394 4,712 286 (4,773) (622) (142) (1,762) 279 (1,991) 4,600 18,000 5,018 22,689 36,274 4,050 126,137 (3,990) (2,255) 216,768 (225,633) (8.865) TOTAL FUNDS 239.126 (246,884) (7,758) -14-
LET US PLAY (WOLVERHAMIryOIY) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS - tontlnued Comparatlves for movement in funds Net movement An funds Transfers betiveell funds At 313.23 At 1.4.22 Unrestrlcted fund8 General fund 23,484 16,989 (11,248) 29,225 Restricted funds Eveson Activities Equipment Stsff Salarie8 Volunteer Expense8 CIN H¢adstart Parents Group Short Breaks Property PurGha8e Build Fund Wolverhampton HAF 1,917 15,608 3,025 16,515 3,634 6,481 5,036 5,688 6.291 50,132 12,805 427 7.232 2,344 22,840 3,025 20,933 3,194 7,491 5,486 3,263 5,146 58,844 18,931 9,497 4,418 (440) I,oio 450 (2,425) (1.145) (2,536) 6,126 9,497 11,248 127.132 22,614 11.248 160,994 TOTAL FUIYDS 150,616 39.603 190,219 -15-
LET US PLAY (WOLVERHAMvroN) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS - contiAued Comparative net rnovcment in funds, included in the above are as follows: Incoming resources Resources expended Movement All fund8 Unrestrlcted funds General fund 47.519 {30,530) 16,989 Restrlcted funds Eveson Activities Staff Salarie8 Volunte¢r Expenses 4.500 14,588 (4,073) (7,356) 4,418 (440) (26,786) (550) (2,425) (41,118) (2,536) (i 1,000) 427 7,232 4,418 (440) I,oio 450 (2.425) (1,145) (2,536) 27,796 1,000 Headstart Parents Group Short Br¢ak8 Property Purchase Playscheme8 Build Fund Wolverhampton HAF 39,973 11,000 6,126 124,089 6,126 9.497 (114,592) 229,072 (206,458) 22,614 TOTAL FUNDS 276,591 (236,988) 39,603 -16-
LET US PLAY (WOLVERHAMPTON) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS - continued A current year 12 months and prior y¢ar 12 months combined position is as follows: Net movement In funds Transfers behveen funds At 31J.24 At 1.4.22 UnrestrKcted funds General fund 23,484 18,096 (11,248) 30,332 Restrlcted funds Income resources Eveson Activities Equipment Staff Salaries Volunteer Expenses CIN Headstart Parents Group Short Breaks Property Purchase Build Fund Wolverhampton HAF Compas8 (i) 1,821 11.944 286 (355) (1.062) 868 450 (4,187) (866) (4,527) 6.126 5,507 (2,255) (i) 3,738 27,552 3,311 16,160 2,572 7,349 5,486 1,501 5,425 56,853 18,931 5,507 (2,255) 1.917 15,608 3,025 l6,515 3,634 6,481 5,036 5,688 6,291 50,132 12,805 11,248 127,132 13.749 11.248 152.129 TOTAL FUNDS 150,616 31,845 182,461 -17-
LET US PLAY (WOLVERHAMIryON) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMEIYT IN FUNDS - continued A current year 12 months and prior year 12 nnthS combined net movement An fimds, included in the above are as follow8: Ineoming resources Resourees expended Movement in funds Unrestrlcted funds G¢n¢ral fiu 69.877 (51,781) 18,096 Re$trlcted fund8 Incom¢ re80urces Eveson ActivitlC8 Equipment Staff Salarie8 Volunleer Expenses CIN Headstart Par¢nt8 Group Short Break8 Propety Purch88C Playschemes Build Fund Wolverhampton HAF Compass (i) (7,279) (20,644) (4,732) (355) (1,062) (49,617) (550) (4,187) (77,113) (4,527) (15.050) (i) 1,821 11,944 286 (355) (1,062) 868 450 (4,187) (866) (4,527) 9,100 32,588 5.018 50,485 1,000 76,247 15,050 6.126 250,226 6,126 5,507 (2,255) (244,719) (2,255) 445,840 (432,091) 13,749 TOTAL FUNDS 515.717 (483,872) 31,845 15. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2024. -18-
LET US PLAY (WOLVERHAMIryON) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 16. GRANTS RECEIVED - RESTIUCTED FUNDS 31.03.2024 31.03.2023 Britford Bridge Trust Children in Need Douglas Arter Foundation Garfield Weston Wolverhampton HAF Eric Vincent Trust Stafford5hire County Council - Short Breaks Grantham Yorke Trust Grimmitt Trust The Henry Smith Charity Justin France St Jame8, Place Foundation Groundwork UK Eveson Charitable Trust William Cadbury Trust GJW Turner & Members Albert Hunt The Toy Trust Rowlands Trust The Harry Payne Trust Hedley Foundation Prosperity Wealth T&TGU Measures Tw8t The Cole TTht Staffordshire Council Peter Richardson 5,000 22,689 500 27,796 5,000 124.089 126,137 750 36,274 39,973 3,000 1,500 1.890 1,000 8.500 1,000 4,500 500 2,300 10,000 4,600 500 1,000 2,000 2,208 860 2,000 2.000 2,022 1,810 1,500 1,000 1,197 745 216,768 229,072 -19-
LET US PLAY (WOLVERHAMPTOI NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 17. EXPENDITURE Accountsney9 legal & depreciation Recreational Premises & offlce costs Staff eosts Total Summer Playschemes Children in Need Equipment Eveson Charitabl¢ Trust Compass Parent Gmup Activities Fund Staff Salarie8 Volunteer Expenses Stafford8hire County Council - Short Breaks Mortgage InleTe8t Wolverhampton HAF Fund 1,166 300 4,732 2,413 2,884 22,531 4,050 22,831 4,732 3,206 2,255 1,762 13,288 4,773 622 793 2,255 1,762 5.708 7,580 4,773 622 11,901 24,094 35,995 1,990 130,127 1,990 2.610 48.597 78,920 76,579 5,222 21.251 143,830 General Account 225,631 21,251 76,579 26,473 143,830 246,882 RESTIUCTED FUNDS MOVEMENTS The funds of the charity include the following restricted fundy: Balance at 31.03,2023 Ineomlng resources Resources expended Balance at 31.03.2024 Eveson Charitsble Tru8t clIng Activities Fund Equipmeni Fund Staff Salaries Summer Play8cheme8 Volunteer Expen5C8 Children In Need Headstart / Compass Parents Group stsffordshire County Council - Short Breaks Wolv¢rhampton City Council Property Purcha8e Build fund 2,344 22,840 3,025 20,934 4,600 18,000 5,018 3.206 13,288 4.732 4,773 4,050 622 22,831 2,255 1,762 35,995 130,127 1.990 3,738 27,552 3,311 16,161 4.050 3.194 7.490 5,486 3,263 5,146 9.497 50,132 16.394 2,572 7,348 3,231 1.501 5,425 5.507 48,142 16,394 22,689 36,274 126,137 149,745 216,768 225,631 140,882 -20-
LET US PLAY (WOLVERHAMPTON) NOTES TO THE FINANCIAL STATEMENTS - conthiued FOR THE YEAR ENDED 31 MARCH 2024 19. RESTRICTED FUNDS The fill8 of tbe charity include the following restricted funds: Tangible Fixed A8sets Net Current Assets Total as at 31.03.2024 Eve80n Charitable Trn8t Cycling and Activities Fund Equipment Fund Statf Salaries Volunteer expenses Children In Need Parents Group Staffordshire County Council - Short Breaks Propety Headstart / Compass Build fund Wolverhampton City Council 3.738 27,552 3,311 16.161 2,572 7,348 1,501 5,425 3,738 27,552 3,311 16,161 2,572 7,348 1,501 5,425 48,142 3,231 16,394 5,507 48,142 3,231 16.394 5,507 48,142 92,740 140,882 -21-
LET US PLAY (WOLVERHAMPTON) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31J.23 INCOME AND ENDOWMENTS Donations and legades Donations 21,960 47,437 Investment Income Deposit account interest 398 82 Charltable actlvides Grants 216,768 229.072 Total Ineomlng resources 239,126 276,591 EXPENDITURE Charltable activltie8 Wages Recreational costs Premises and office costs Sundries 147,285 73,560 20,257 1,449 118,780 84,351 28,120 1,342 242,551 232.593 Other Mortgag¢ 1,993 2,535 Support cost8 Fln2nce Bank charge8 420 Governance costs A¢countan¢y fecs 1,920 1,860 Total resources expendcd 246.884 236,988 Net (expeDditure)Ilneome (7,758) 39,603 This page does not forn] part of the statOry financial statements -22-