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2021-03-31-accounts

Charity Registration No. 1105377

Company Registration No. 05098573 (England and Wales)

PLAY AWAY (ESHTON GRANGE)

COMPANY LIMITED BY GUARANTEE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Ms L Moores Mr B Moores Mr S Grayson

Centre Manager

Centre Manager Mr M A Hughes Charity number 1105377 Company number 05098573 Registered office Castle Chambers 43 Castle Street Liverpool L2 9SH

Independent examiner Mr Peter Taaffe FCA CTA DChA BWM Castle Chambers 43 Castle Street Liverpool L2 9SH

Bankers

Virgin Money 73 North Street Keighley West Yorkshire BD21 3SD

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE CONTENTS

Page
Trustees' report 1 - 2
Statement of trustees' responsibilities 3
Independent examiner's report 4
Statement of financial activities 5 - 6
Balance sheet 7
Notes to the accounts 8 - 17

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 and "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 2019)".

Objectives and activities

The objects of the charity are to provide or assist in the provision of facilities for recreation or other leisure time occupation for the benefit of those who by reason of their youth, infirmity or disablement, poverty or social and economic circumstances have a need of such facilities in particular through the provision of holidays for such persons and the provision of community recreational facilities for local children and subject thereto for such other charitable purposes as the trustees shall in their absolute discretion determine.

Our Georgian style Grade II listed building (built in 1756) has been extensively refurbished to accommodate groups of up to 35, in 4 Dormitories. The Centre is open all year and stands in 12 acres of land within the Yorkshire Dales National Park. Full details can be found on our website www.playaway-centre.co.uk.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Play Away closed due to Covid 19 on 20 March 2020. In the period from 20 March 2020 to April 2021, the staff were reduced to minimum and continued with the maintenance, development and caretaking of the centre and its animals. Trustees maintained that funding would still be made available.

The impact since lockdown has been immense and reduced us from entering into our busiest year into no visitors.

There has been partial furloughing of staff, but all staff have now returned in some way.

There have been no employment issues.

The charity holds a designated fund of £60k to ensure staff get paid and bills would be met should there be a hold up or problem with funding.

The primary funder has expressed a desire to continue funding Play Away.

Play Away received a grant of £25k from Craven District Council 'Covid Relief Fund' on 9 June 2020.

We look forward to continuing our provision for some much needed holidays for young people in 2021 and beyond.

Financial review

Income for the year to 31 March 2021 amounted to £150,198 (2020 - £221,849) from which expenses of £213,193 (2020 - £285,212) were expended leaving a deficit for the year of £62,995 (2020 – deficit of £63,363).

The unrestricted fund balance at the end of the year was £585,845 and of this £60,000 was designated funds. The designated fund is to cover staff redundancies and other closure costs in the event of reduced funding. Restricted funds were £nil at the year end.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

Risk policy

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to manage exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee. The company was incorporated on 8 April 2004 and on 5 April 2005 the net assets of the charity "Play Away" (an unincorporated charitable trust) were transferred to the company. The company's registered number is 05098573.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Ms L Moores Mr B Moores Mr S Grayson

None of the Trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute an amount not exceeding £1 in the event of a shortfall on winding up, whilst, or within one year of ceasing to be a member.

The Board of Trustees is responsible for the overall governance of the Charity. Trustees are either elected or co-opted and there is a minimum of 3. Trustees must be a member of the Charity.

Small company provisions

The report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

The trustees' report was approved by the Board of Trustees.

Ms L Moores

Trustee Dated: 21 August 2021

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2021

The trustees, who are also the directors of Play Away (Eshton Grange) for the purpose 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 year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that 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.

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF PLAY AWAY (ESHTON GRANGE)

I report to the trustees on my examination of the financial statements of Play Away (Eshton Grange) (the charity) for the year ended 31 March 2021.

This report is made solely to the charity's trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My examination has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an Independent Examiner's 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 examination, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

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:

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 financial statements to be reached.

Mr Peter Taaffe FCA CTA DChA

BWM Chartered Accountants Castle Chambers 43 Castle Street Liverpool L2 9SH

Dated: 6 September 2021

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Current financial year

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income from:
Donations and legacies
3
149,698
-
Charitable activities
4
500
-
Total income
150,198
-
Expenditure on:
Charitable activities
5
211,091
2,102
Total expenditure
211,091
2,102
Net movement in funds
(60,893)
(2,102)
Reconciliation of funds
Fund balances at 1 April 2020
646,738
2,102
Fund balances at 31 March 2021
585,845
-		 Total
2021
£
149,698
500
150,198
213,193
213,193
(62,995)
648,840
585,845		 Total
2020
£
189,609
32,240
221,849
285,212
285,212
(63,363)
712,203
648,840

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

All income and expenditure derive from continuing activities.

The movement in funds detailed above complies with the requirements for a statement of changes in equity under FRS102.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Prior financial year

Unrestricted
Restricted
funds
funds
2020
2020
Notes
£
£
Income from:
Donations and legacies
3
182,519
7,090
Charitable activities
4
32,240
-
Total income
214,759
7,090
Expenditure on:
Charitable activities
5
280,049
5,163
Total expenditure
280,049
5,163
Net movement in funds
(65,290)
1,927
Reconciliation of funds
Fund balances at 1 April 2019
712,028
175
Fund balances at 31 March 2020
646,738
2,102		 Total
2020
£
189,609
32,240
221,849
285,212
285,212
(63,363)
712,203
648,840

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

All income and expenditure derive from continuing activities.

The movement in funds detailed above complies with the requirements for a statement of changes in equity under FRS102.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE BALANCE SHEET

AS AT 31 MARCH 2021

Notes
Fixed assets
Tangible assets
9
Current assets
Debtors
11
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within one
year
12
Net current assets
Total net assets
The funds of the charity
Restricted funds
14
Unrestricted funds
Designated funds
13
General unrestricted funds
Total charity funds		 2021
£
8,720
66,888
75,608
(9,895)
60,000
525,845		 £
520,132
65,713
585,845
-
585,845
585,845		 2020
£
11,412
72,449
83,861
(10,199)
60,000
586,738		 £
575,178
73,662
648,840
2,102
646,738
648,840

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 21 August 2021

Mr S Grayson

Trustee

Company Registration No. 05098573

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Play Away (Eshton Grange) is a private company limited by guarantee incorporated in England and Wales. The registered office is Castle Chambers, 43 Castle Street, Liverpool, L2 9SH.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's memorandum and articles of association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

The charity holds a designated fund of £60k to ensure staff can be paid and bills met should there be a hold up or problem with funding. The primary funder has expressed a desire to continue funding Play Away. Play Away received a grant of £25k from Craven District Council 'Covid Relief Fund' on 9 June 2020.

Despite the uncertainty caused by Covid 19, the trustees believe that, given the measures put in place and the availability of cash reserves that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific conditions imposed by donors or which have been raised by the charity for particular purposes. The purposes and uses of the restricted funds are set out in the notes to the accounts.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure reflects all amounts paid and accrued during the year. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. All costs are allocated between the expenditure categories of the Statement of Financial Activities (SOFA) on a basis designed to reflect the use of the resource.

Charitable expenditure

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These represent costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

All assets costing more than £1,000 are capitalised at cost.

Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:

Freehold land and buildings - 4% and 20% on a straight line basis
Plant and machinery - 25% on a reducing balance basis
Fixtures, fittings & equipment - 25% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Taxation

The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. Recovery is made of tax deducted from qualifying income and from receipts under Gift Aid.

The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

3 Donations and legacies

Unrestricted Unrestricted
Restricted
funds
funds
funds
2021
2020
2020
£
£
£
Donations and gifts
107,520
182,519
7,090
Grants receivable
42,178
-
-
149,698
182,519
7,090
Grants receivable for core activities
Craven District Council Covid grant
25,000
-
-
HMRC coronavirus job retention scheme grant
17,178
-
-
42,178
-
-
4
Charitable activities
Educational,
recreation
facility
holidays
2021
£
£
Income from charitable activities
500
500
Analysis by fund
Unrestricted funds
500
500
500
500
For the year ended 31 March 2020
Unrestricted funds
32,240
32,240		 Total
2020
£
189,609
-
189,609
-
-
-
2020
£
32,240
32,240
32,240

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

5 Charitable activities

Staff costs
Premises costs
Office costs
Motor expenses
Animal farm
Sundry costs
Share of support costs (see note 6)
Share of governance costs (see note 6)
Analysis by fund
Unrestricted funds
Restricted funds
For the year ended 31 March 2020
Analysis by fund
Unrestricted funds
Restricted funds		 2021
£
104,783
30,410
1,280
616
4,090
579
141,758
62,701
8,734
213,193
211,091
2,102
213,193		 2020
£
134,542
60,050
2,720
2,421
5,977
1,831
207,541
69,965
7,706
285,212
280,049
5,163
285,212

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

6 Support costs

Support costs
Support
costs
Governance
costs
£
£
Staff costs
7,655
-
Depreciation
55,046
-
Independent
examination
-
1,520
Accountancy
-
6,062
Legal and professional
-
1,152
62,701
8,734
Analysed between
Charitable activities
62,701
8,734		 2021
Support
costs
Governance
costs
£
£
£
7,655
7,207
-
55,046
62,758
-
1,520
-
1,520
6,062
-
5,034
1,152
-
1,152
71,435
69,965
7,706
71,435
69,965
7,706		 2020
£
7,207
62,758
1,520
5,034
1,152
77,671
77,671

Support and governance costs are recharged to 'Education, recreation, facility, holidays' charitable activity.

Governance costs include £6,062 (2020 - £5,034), in respect of accountancy and other fees and Independent Examiner's Fees of £1,520 (2020 - £1,520).

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, and none was reimbursed any travelling expenses during the year (2020: None).

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

8 Employees

Number of employees

The average monthly number of employees during the year was:

Management
Support staff
Other staff
Employment costs
Wages and salaries
Social security costs		 2021
Number
1
1
6
8
2021
£
107,955
4,483
112,438		 2020
Number
1
1
14
16
2020
£
135,215
6,534
141,749

There were no employees whose annual remuneration was £60,000 or more.

9 Tangible fixed assets

Freehold land
and buildings
£
Cost
At 1 April 2020
1,300,656
At 31 March 2021
1,300,656
Depreciation
At 1 April 2020
734,582
Depreciation charged in the year
52,770
At 31 March 2021
787,352
Carrying amount
At 31 March 2021
513,304
At 31 March 2020
566,074		 Plant and
machinery
£
22,851
22,851
21,687
291
21,978
873
1,164		 Fixtures,
fittings &
equipment
Motor vehicles
£
£
58,771
3,500
58,771
3,500
51,181
3,150
1,897
88
53,078
3,238
5,693
262
7,590
350		 Total
£
1,385,778
1,385,778
810,600
55,046
865,646
520,132
575,178

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

10
Financial instruments
Carrying amount of financial assets
Debt instruments measured at cost
Carrying amount of financial liabilities
Measured at cost
11
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
12
Creditors: amounts falling due within one year
Other taxation and social security
Accruals and deferred income		 2021
£
66,888
8,957
2021
£
3,750
4,970
8,720
2021
£
938
8,957
9,895		 2020
£
72,449
7,673
2020
£
6,250
5,162
11,412
2020
£
2,526
7,673
10,199

13 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement Movement
in funds in funds
Balance at Income Balance at Income Balance at
1 April 2019 1 April 2020 31 March 2021
£ £ £ £ £
Contingency fund 60,000 - 60,000 - 60,000
60,000 - 60,000 - 60,000

The trustees have set aside a contingency fund to cover staff salaries and redundancy costs in the event of reduced income in the future.

Movement in funds Balance at
Income
Expenditure
Balance at
Expenditure
Balance at		 1 April 2019
1 April 2020
31 March 2021		 £
£
£
£
£
£		 Wildlife & Nature Project
-
3,300
(3,300)
-
-
-		 Cinema room equipment
-
3,110
(1,008)
2,102
(2,102)
-		 Other
175
680
(855)
-
-
-		 175
7,090
(5,163)
2,102
(2,102)
-		 Wildlife and Nature Funds were received for tree planting around the boundary. Other donations made during the year were for specific equipment/work.

PLAY AWAY (ESHTON GRANGE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

15 Analysis of net assets between funds

Unrestricted
funds
Restricted
funds
2021
2021
£
£
Fund balances at
31 March 2021
are represented
by:
Tangible assets
520,132
-
Current assets/
(liabilities)
65,713
-
585,845
-		 Total Unrestricted
funds
Restricted
funds
2021
2020
2020
£
£
£
520,132
575,178
-
65,713
71,560
2,102
585,845
646,738
2,102		 Total
2020
£
575,178
73,662
648,840

16 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2021 2020
£ £
Aggregate remuneration 57,876 57,697

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Trustees donated £50,000 to the charity during the year.

There were no other related party transactions during the year.

No guarantees have been given or received.

17 Company limited by guarantee

Play Away (Eshton Grange) is incorporated under the Companies Act as a company limited by guarantee. The liability of the members is limited to £1.