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← Braunstone Adventure Playground

2025-03-31-accounts

Braunstone Adventure Playground

Charity No. 1110046

Company No. 05446827

Trustees' Report and Unaudited Accounts

31 March 2025

Braunstone Adventure Playground Contents

Pages
Trustees' Annual Report 2
Independent Examiner's Report 6
Statement of Financial Activities 7
Summary Income and Expenditure Account 8
Balance Sheet 9
Statement of Cash flows 10
Notes to the Accounts 11 to 18
Detailed Statement of Financial Activities 19 to 20

Page 1

Braunstone Adventure Playground Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 05446827

Charity No. 1110046

Registered Office

Braunstone AP8 Cort Crescent Leicester LE3 1QZ

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

D.J. Rushin S. Taylor C.B. Thomson

==> picture [298 x 55] intentionally omitted <==

Accountants

I Hate Numbers Limited Forester Building 29-35 St Nicholas Place Leicester LE1 4LD

OBJECTIVES AND ACTIVITIES

The charity is constituted as a company limited by guarantee, number 05446827, and is therefore governed by a memorandum and articles of association.

The charity's object and its principal activity continues to be that of the provision of facilities and services for the recreation and other leisure time occupation for children and young people resident in the North Braunstone, South Braunstone and Rowley Fields areas of Leicester City, for which they have need by reason of their youth or social and economic circumstances and which will improve the conditions of life for such children by promoting their physical, mental and emotional well-being.

Our policy toward achieving the above continues to be the operation of a purpose-built Adventure Playground which consists of a walled self-build structures area of swings, platforms, nets and zip wire, a sports area, a paddling pool and a building consisting of office, toilets, kitchen, games hall, dance room, art room and TV room. It was nice to be back inside after the last couple of years.

The trustees meet on a regular basis to manage the charities affairs. The charity currently employs a full-time manager and 5 part time staff, and a couple of individuals that are self employed.

Page 2

Braunstone Adventure Playground Trustees Annual Report

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

Activities this year

The Adventure Playground continues to operate for 46 weeks of the year, closing 5 weeks per year for staff holidays and a further week for cleaning and repair work. During term time the playground opens from 3:30 pm to 6.30 pm Monday to Friday inclusively. During Half Terms and the school summer holidays the playground opens from 12 noon to 4.00pm Monday to Fridays. We had a steady stream of children throughout the year.

In addition to day-to-day activities the playground hosts a series of special events throughout the year. Our main one this year was Summer Playscheme we had Lion Learners in. We were extremely lucky this year to be the receivers of Feeding Britain’s Meals and More Summer Day Out, which we took the children to Twinlake’s, the weather was glorious, and everyone had a wonderful time. After March 2025 LCC are no longer funding the playground, so we are having to apply for grants and look at ways to become self-sustainable.

Public benefit

The charity provides a public benefit by providing recreational facilities free of charge to young children in the local area. This allows for children and young people to meet and interact with other children and to play in a free and safe environment under the sympathetic supervision of trained staff.

ACHIEVEMENTS AND PERFORMANCE

Future developments

We are now looking at moving the Playground forward and are applying for several grants to enable us to keep the playground open and looking at other ways we can keep the playground open for future generations.

Plans for the Future

Once again, our contract was extended for another year with LCC, but this does mean after March 2025 we will need to become self-sustainable which is a very difficult thing to become in this climate and in the location, we are situated. It maybe down the line we will have to take the very difficult position of reducing staffing hours or even making staff redundant. Obtaining grants is a long process which is very involved, so we do need to look at other options to run alongside getting grants.

FINANCIAL REVIEW

The statement of financial activities shows a total income of £257,891 and expenditure of £145,119.

This provides a surplus for the year of £112,772, added to the brought forward reserves of £10,720, gives the charity carries forward reserves of £123,492.

These funds are split between the unrestricted funds, and restricted funds - see statement of financial activities.

We will outline the funds held and how they will be utilised going forward.

Reserves Policy

Page 3

Braunstone Adventure Playground

Trustees Annual Report

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 of normal expenditure. The trustees estimate normal ongoing annual costs to be between £100,000 and £130,000 per year.

The charity had closing reserves of £123,492 as at the 31 March 2025, an increase of £112,772 form March 2024 reserves of £10,720. Of these reserves £72,687 were unrestricted funds. Therefore, the trustees believe the charity is in a position to deal with any financing problems.

The trustees estimate that reserves at a level of between £30,000 and £60,000 would ensure that, in the event of a

significant drop in funding, they would be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. It is desirable for the charity to maintain this level of reserves and at the higher end of these parameters where possible.

However due to the nature of the funding and economic circumstances the charity is not quite at the optimum position.

Overall the trustees are content with the level of reserves at the year-end although wished they had greater assets at its disposal. However, because of the nature of funding it is not possible to build up the level of reserves that the charity would consider to be more desirable in these ongoing times of uncertainty.

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

Restricted Funds

The trustees have taken the view that most forms of grant income received over the last 12 months to be Restricted Income in line with its ongoing approach towards income generation and the services it provides.

We had restricted income for the year of £191,910 and expenditure of £141,821 and so report an overall surplus on our restricted funds of £50,089. This is because of timing differences between the receipt of income and its expense.

The main funding within our Restricted funds comes from grants of £116,978 from Leicester City Council to run its playground activities throughout the year, and the Summer Playscheme. The expenditure incurred during the year amounted to £116,978.

We carry forward a balance of £nil on this scheme which is in line with our expectations.

We sadly had the last payment from Children in Need which meant we needed to look for funding for our Arts and Crafts worker elsewhere. We were lucky to receive a grant of £4,537 from Feeding Britain for the Children over the summer playscheme.

In addition to this income there was an additional grant provided of £1,000 from LCC Ward for the Kings Coronation and our Easter Playscheme.

Unrestricted Funds

We have £72,687 in our unrestricted reserves account, which includes the Leicester City Council Parachute Payments of £65,800, which will be used in the coming year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Page 4

Braunstone Adventure Playground Trustees Annual Report

The charity is constituted as a company limited by guarantee, number 05446827, and is therefore governed by a memorandum and articles of association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: We were very sorry to lose our long standing Chair Angie Dunn this year due to family commitments, we would like to thank her for her many years of support and service and wish her and her family all the very best in the future.

S M Taylor D J Rushin C B Thomson

The trustees appoint a management committee to run the charity on a weekly basis. The trustees oversee the management committee to review its operations on a regular basis.

The management committee is made up of:

S Taylor (Chairperson) C Thomson (Vice-Chair) B Lloyd (Secretary) DJ Rushin (Treasurer) L Shaw D Barton L White J Jackson

Thank you to all the staff and volunteers once again for their outstanding contribution.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

S. Taylor Trustee 13 October 2025

Page 5

Braunstone Adventure Playground Independent Examiners Report

Independent Examiner's Report to the trustees of Braunstone Adventure Playground

I report to the charity trustees on my examination of the financial statements of Braunstone Adventure Playground for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the company (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 your charity's financial statements 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 examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of FCCA, FTT, which is one of the listed bodies.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

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.

Mahmood Reza FCCA, FTT I Hate Numbers Limited Forester Building 29-35 St Nicholas Place Leicester

LE1 4LD 13 October 2025

Page 6

Braunstone Adventure Playground Statement of Financial Activities

for the year ended 31 March 2025

Notes
Income and endowments
from:
Donations and legacies
4
Investments
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income/(expenditure)
8
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2025
£
65,801
180		 Restricted
funds
2025
£
191,910
-		 Total funds
2025
£
257,711
180		 Total funds
2024
£
130,525
360
65,981
3,297
0		 191,910
124,440
17,382		 257,891
127,737
17,382		 130,885
151,535
-
3,298
-		 141,821
-		 145,119
-		 151,535
-
62,683
-		 50,089
-		 112,772
-		 (20,650)
-
62,683 50,089 112,772 (20,650)
62,683
10,004		 50,089
716		 112,772
10,720		 (20,650)
31,370
72,687 50,805 123,492 10,720

Page 7

Braunstone Adventure Playground Summary Income and Expenditure Account

for the year ended 31 March 2025

Income
Interest and investment income
Gross income for the year
Expenditure
Total expenditure for the year
Net income/(expenditure) before tax
for the year
Net income /(expenditure )for the year		 2025
£
257,711
180
257,891
145,119
145,119
112,772
112,772		 2024
£
130,525
360
130,885
151,535
151,535
(20,650)
(20,650)

Page 8

Braunstone Adventure Playground Balance Sheet

at 31 March 2025

Company No.
05446827
Notes
2025
£
Current assets
Debtors
11
1,561
Cash at bank and in hand
124,969
126,530
Creditors:Amount falling due within one year
12
(3,038)
Net current assets
123,492
Total assets less current liabilities
123,492
Net assets excluding pension asset or liability
123,492
Total net assets
123,492
The funds of the charity
Restricted funds
13
Restricted income funds
50,805
50,805
Unrestricted funds
13
General funds
72,687
72,687
Reserves
13
Total funds
123,492		 2024
£
-
13,801
13,801
(3,081)
10,720
10,720
10,720
10,720
716
716
10,004
10,004
10,720

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 13 October 2025

And signed on its behalf by:

S. Taylor Trustee 13 October 2025

Page 9

Braunstone Adventure Playground Statement of Cash flows for the year ended 31 March 2025

Cash flows from operating activities
Net income/(expenditure) per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
Other gains/losses
Increase in trade and other receivables
(Decrease)/Increase in trade and other payables
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2025
£
112,772
(180)
-
(1,561)
(43)
110,988
180
180
-
111,168
13,801
124,969
124,969
124,969		 2024
£
(20,650)
(360)
-
-
3,082
(17,928)
360
360
-
(17,568)
31,369
13,801
13,801
13,801

Page 10

Braunstone Adventure Playground Notes to the Accounts

for the year ended 31 March 2025

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 11

Braunstone Adventure Playground Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 12

Braunstone Adventure Playground Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Investments
Total
Expenditure on:
Charitable activities
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
Grants receivable
5
Income from investments
Interest income		 Unrestricted
£
65,801
65,801		 Unrestricted
funds
2024
£
4,743
360
5,103
24,651
24,651
(19,548)
(19,548)
(19,548)
29,552
10,004
Restricted
£
191,910
191,910
Unrestricted
£
180
180		 Restricted
funds
2024
£
125,782
-
125,782
126,884
126,884
(1,102)
(1,102)
(1,102)
1,818
716
Total
2025
£
257,711
257,711
Total
2025
£
180
180		 Total funds
2024
£
130,525
360
130,885
151,535
151,535
(20,650)
(20,650)
(20,650)
31,370
10,720
Total
2024
£
130,525
130,525
Total
2024
£
360
360

Page 13

Braunstone Adventure Playground Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable
activities
Staff costs
General rates and water
charges
Light and heat
Printing stationery, postage
Grants made
Governance costs
Staff costs
Independent examiner's fee
Insurance
7
Other expenditure
General administrative costs
Legal and professional costs
8
Net income/(expenditure) before transfers
This is stated after charging:
Independent Examiner's fee
9
Trustee remuneration and expenses
The nature of the reimbursed expenses		 Unrestricted
Restricted
Total
Total
2025
2024
£
£
£
£
3,297
82,043
85,340
78,427
0
177
177
242
0
13,476
13,476
5,890
0
1,476
1,476
1,015
-
-
-
3,256
-
-
-
9,530
-
1,440
1,440
2,520
-
-
-
1,472
3,297
98,612
101,909
102,352
Unrestricted
Restricted
Total
Total
2025
2024
£
£
£
£
0
835
835
-
0
16,547
16,547
-
0
17,382
17,382
-
2025
2024
£
£
1,440
2,520
2025
2024
Number
Number
None of the trustees (or any persons connected with
them) received remuneration during the year		 Total
2024
£
78,427
242
5,890
1,015
3,256
9,530
2,520
1,472
102,352
Total
2024
£
-
-
-

Page 14

Braunstone Adventure Playground Notes to the Accounts

10 Staff costs

No employee received emoluments in excess of £60,000.

The average monthly number of full time equivalent employees during the year was as follows:

Direct Service Workers
Administration and Support		 2025
Number
5
1
6		 2024
Number
6
2
8

Defined contribution schemes: The charity operates a defined contribution scheme for all qualifying employees. The assets of the scheme are held separately from of those of the charity in an independently administered fund.

11 Debtors

Prepayments and accrued income
12 Creditors:
amounts falling due within one year
Other taxes and social security
Other creditors
Accruals		 2025
£
1,561
1,561
2025
£
357
1,481
1,200
3,038		 2024
£
-
-
2024
£
-
682
2,399
3,081

Page 15

Braunstone Adventure Playground Notes to the Accounts

13 Movement in funds

At 1 April
2024
Restricted funds:
Restricted income funds:
Leicester City Council
-
Children In Need
-
Feeding Britain
-
LCC Ward Grant
716
Community Fund
-
Postcode Lottery
-
Awards for All
-
Total
716
Unrestricted funds:
General funds
10,004
Total funds
10,720
Purposes and restrictions in relation to the funds:
Restricted funds:
Leicester City Council
Children In Need
Feeding Britain
LCC Ward Grant
Community Fund
Postcode Lottery
Awards for All		 Incoming
resources
(including
other
gains/losses
)
£
116,978
11,503
4,537
1,000
24,660
13,232
20,000
191,910
65,981
257,891		 Resources
expended
£
(116,978)
-
(4,537)
(1,028)
(13,996)
(5,282)
-
(141,821)
(3,298)
(145,119)		 At 31
March
2025
£
0
11,503
-
688
10,664
7,950
20,000
50,805
72,687
123,492

14 Analysis of net assets between funds

Net current assets Unrestricted
funds
£
123,492
123,492		 Total
£
123,492
123,492

Page 16

Braunstone Adventure Playground Notes to the Accounts

15 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 April
2024
£		 Cash flows
£		 At 31
March
2025
£
13,801 111,168 124,969
13,801
13,801		 111,168
111,168		 124,969
124,969

16 Post balance sheet events

The trustees believe that the Charity remains a going concern, with a healthy balance sheet as at the 31 March 2025.

However, during the year, we were notified by Leicester City Council that our funding would be coming to an end. This loss of funding represents approximately 45% of the income funds the Charity received during 24-25.

Therefore this loss of funding represents a significant loss of funding that would affect the scope of work the Charity could undertake beyond the following financial year, this is cushioned by a Parachute Payment of £65,800 from the City Council.

Despite this the trustees are confident that they could in the longer term find ways of adapting practices and services and generate sufficient income to enable the Charity to continue its operations.

However, the trustees acknowledge at the date of the signing of the accounts this potentially impacts the going concern status of the Charity going forward.

17 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 17

Braunstone Adventure Playground Detailed Statement of Financial Activities

for the year ended 31 March 2025

Income and endowments from:
Donations and legacies
Grants receivable
Investments
Interest income
Total income and endowments
Expenditure on:
Charitable activities
Staff costs
General rates and water
charges
Light and heat
Insurance
Printing stationery, postage
Trips, materials, activities and
kitchen sundries
Repairs and maintenance
Cleaning and waste disposal
Training costs
Volunteers expenses
Equipment purchases
Project costs
Sundry costs
Governance costs
Staff costs
Independent examiner's fee
Bookkeeping and payroll
Insurance
IT, Tel & internet
Other expenditure
Total of expenditure on charitable
activities		 Unrestricte
d funds
2025
£
65,801
65,801
180
180
65,981
3,297
0
0
0
0
-
0
0
-
-
-
0
-
3,297
-
-
-
-
-
-
-
-
3,297		 Restricted
funds
2025
£
191,910
191,910
-
-
191,910
82,043
177
13,476
1,681
1,476
-
7,987
1,573
755
-
-
7,202
-
116,370
-
1,440
6,630
-
-
-
-
8,070
124,440		 Total funds
2025
£
257,711
257,711
180
180
257,891
85,340
177
13,476
1,681
1,476
-
7,987
1,573
755
-
-
7,202
-
119,667
-
1,440
6,630
-
-
-
-
8,070
127,737		 Total funds
2024
£
130,525
130,525
360
360
130,885
78,427
242
5,890
2,329
1,015
3,256
11,419
596
510
539
1,122
19,489
690
125,524
9,530
2,520
10,509
1,472
776
339
865
26,011
151,535

Page 18

Braunstone Adventure Playground Detailed Statement of Financial Activities

General administrative costs,
including depreciation and
amortisation
Bank charges
Software, IT support and related
costs
Subscriptions
Legal and professional costs
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 0
0
0
0
0
0
0
3,298
-
62,683
62,683
-
62,683
10,004
72,687		 219
207
409
835
16,547
16,547
17,382
141,821
-
50,089
50,089
-
50,089
716
50,805		 219
207
409
835
16,547
16,547
17,382
145,119
-
112,772
112,772
-
112,772
10,720
123,492		 -
-
-
-
-
-
-
151,535
-
(20,650)
(20,650)
-
(20,650)
31,370
10,720

Page 19