Cornyny realitr•tloft Nmbar (B993363 (Erf•nd Ind W•lM) NEW PARKS PLAY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NEW PARKS PLAY ASSOCIATION LEGAL AND ADMINISfRATIVE INFORMATION Karen Layrtood Klm North Darren Brown S•cvrt4ry Joannejohnson Chrlty 1118541 Compary numlmr 05993363 Prlndp•l •ddr•M New P•rksAdverrture Playwound Glenfield Road Lek•ster LE3 6RN 21 Scott Street Lelcester LE2 6DW lThkpffid•nt •xamk*r Thomas Mayfield BAACA Mayfield & Co {Ac¢ountants) Ltd 2 Merus Crt M•rldlan 8u51nws Park Lelcester LE19 IRJ Bankn Lloyds TS8 Bank PIC The Roundway 284a Humberstone Lane Lelcester LE49JN
NEW PARKS PLAY ASSOCIATION CONTENTS Independent examlner's report statement of flnandal artlvlUe$ Balance sh••t Notes to the flnanclal staternents 8-17
NEW PARKS PLAY ASSOCIATION TRUSTEES. REPORT (INCWDING DIRECTORS, REPORn FOR TIIE YEAR ENDED 31 MAR012024 The trustees present thelr report and accounts forthe r ended 31 March 2024. The flnanclal statements h&t been prepared In accordance wlth the accountln8 polkles set out In note I to the flnandal statements and comply wlth the thirttvs l£overnln8 documentL the Companles Art 2006 and 'Accountln8 and Reportl by Charities: Ststement of Recommended Practlce appllcable to charltles prepirlni their accounts In accordance wlth the Flnanclal Reportln8 Standard appllable In the UK and Republlc of Ireland (FRS 1021" (as amend•d for Kcountln8 perfod5 comm•nclngfrom l January 2016). ObJ•¢Uv•s and a¢tl¥ltteg We h•ve referred to the 8uidance contslned In the Charlty Commtssion's genernl wldance on publlc benefft when revlewlnB our alms and objecuves and In plannlng our future actfvltles. Prfndpl• ObJ¥tK The Parks Play Assoclatlon'$ prlnciple obJectl¥e Is: The provlslon of faclllues for educatlon, r•creatlon and other lelsure tlme Occuon for thlldren rnsldent In the New Parks •nd surroundln8 areas, In partlcular those chlldr•n hwe need due to $ocl•l or economlc clrcumstsnces. 4th the object of Improvln8 the wnditlcn5 of Ilfe for Such ¢hlklren by promotlnl thelr PhkL montsl and emotlonal developmenL New Parks Play Assodatlon Seeks to achie¥ thls objectlve In varfous Vdys. The as8oci•tlon operates and manages a perminent sTte and bulldlng known as th• Aifventure Play8mund. whlch is on Glenfield Road. Lelcester. th151s an "Open Acc•55" play provlslon. The slte consists of a play bulldlng for Ind(or actlbttkn providlng spxe for arts/crafts w0$hop4 bo•rd 8am4 table tennli table footh•ll: pool, readln8 comer. cookery and tuck shop. The slte has been landxaped wFth wlde pathways and nauve trws & shrubs. The slte provldes 5wce for adventure pkny equlpmert outdoor lym equlpmert sand & wattr play and a multkpurp05• Iloodllt ball court the sfte Is èlso floodlit fcr safety The playBround now opens dalty all year n>und from 3pm- 6pm Monday- Friday ind durln8 school holl* our hours are from 12mi- 4pm for wjung peopl• aged 5- 14 arS <rf ay. this Indudes a hallday Playscheme durlng the summer when extra staff are taken on from our pool of experlenced workers. Durlw half tsrrns we are open to the chndren 12pm tlll 4P thls Is operated wlth cor• staff only. All chlldren need to rezlster before uslng the f•dllty. Ourlni t year wo 249 ses$lon$ wlth 10,126 users. we have 385 chlldren re8lstered wlth us. How We ObJectfv•s New Parks Pliy Associatlon seeks ts achleve thls obJe¢llve In varlous way5. The as50datlon operates and mana8es permanent slte and bulldlno known as the PAlventure Playground, whl¢h is on Glenfield Road. LeTter,. thls Is an "Open Acces play provlslon. The 51te conslsts of a play bulldlng for Indoor actviltles providln8 space for artslcrafts workshopS1 board game4 table tennls table food)all• pool. readlni corner, cookery. The 51te been l•ndscaped wlth wlde pjthways and natlve trees & shrubs. The 51t• pr(wldes space for adventure play equlpmeirt, outdoor aym equlpmen( sand & water play and a multPurPOse floodlit hll court the skn Is also floodlit for We have been uslnl both inslde and outslde of our plawound but try and be outsld• the weather Is pod. Admtluthls year In lddltion to dty to day actmtles the plwound hosts a number of Speclal events throughout the ar whlch Included spqclal th•me days durfnq summer holidays, Chrlstm•s. Easter and other celebrntlons ind trlps th•t •rn fm of charge to our user5. We coolryd and served Chrlstmas dlnner to over ao ¢hlldren r two evenlnv.
NEW PARKS PLAY ASSOCIATION TRusfEES' REPORT (INCWDING DIRECTORS, REPORn (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 A¢hl•v•rn•nts •nd prformgnc• DUrt thi5 year we have worknd clos•ly wlth FareshaN Holiday Actlvlty Fund (LCCI Morrlsons Glenfield. Samworths which his enabl the plmround to pmlde snacks. drlnks and food durfng our sesslon$ 411 year rDund. The pliy8round was torwnate tu be reco8nlsed and receive an award at The New Parks Communlty Awards whlth was held at Klr4¥ Power Stsdlum. Flnmdd The st•tement of flnandal aCtitIeS on pa8e 6 shows a totsl Income of £160,745 and expendlture Df £151210 across our unr•strfrted and restrlcted funds. Th15 provlde5 a surplus of £8.535 for the )r ended 31 March 2024 and there remilns reserves carrled forward £22,279. These funds are spllt between the unrestrlrted funds ind restrkted funds. It ts the pollLy of the crIty that unrestrfcted funds whlch have not been de$l8n•tsd for an alternatkn spedfK u5• should be malntalned at a level oqulvalent to between three and slx month5 of normal WndIture . The tntee5 estlm•te normal onpln8 annual costs to be btheen £llJ).000 and £125.000 per year. The total reserves of £22.279 con$15ts of restrkted reserves carrled forward of £13.468. Th15 leave5 free reser$ of on £8 811. Therefore, th• trustees belleve the tharity Is below a POOn of comfort to deal wfth ary finandn8 problems. As Ideally would be nearer slx months Cots in rnserve. The trustees esumite that reser¥es at a Iml of •pproxlmately £50m would ensure thak In the event of a s18nmcant drop In fundln8, they would be able to contlnue th• dblrlty's current actl¥it1•5 whlle conslderatlonls ilven tt> ways In whlth addltlonal fijnds rn•y be nlsed. It ts deslrable for the charlty to malntsln thls level of reserves. Howew due to the nature of the fundlng and •conomlc cIrM$11nceS the charlty has not been able to malntaln thls level of reserves throu8hout the year. Whllst rer¥•9 are not at an optlrnum level thè trustees are pleas•d wtth the pfo8ress thq dbarity has made over the last flve years. We will outline the funds hekl and how thry wlll be utlltsed Bolwa farward. Obtrdll the trustees are not content wlth the level of reserbw Jt the war*nd and wlshed they had 8reater a55ets at Its dlspr4al. Rertrf¢lad Fundi The Charws prlnclpal fvnders rernaln the Lelcester aty Coundl who provTded a yant of £1212(X) far core play8round actMtle5 throughout the r, and the Summer p1cheme. The cm fundlng we 1ve from Lelcester aty Councll covers salarios & runnln8 costs any dMlopm•nt has to come from fundralsln& All of the 8rant has been spent ind there remaln5 no balances unspent. We have recelv•d an addftlonal £35,220 in restrfcted fundln6 overthe past year whlth would Include fundln8 from.. Holiday Acllvltl89 and Food Pro8ramme (HAn: Communty Panel Grdnts Anti Poverty Grants, and Lelce5ter%hlr• Pollce Antl-5odal Grants The trustws hm commltted to B larze sc•le refurbbhment of the playground over the years whirh has been well received. We have a balance on the Leke5ter Cty Councll Grants fund of £nll whlth has bttn completely spent In the Trr.
NEW PARKS PLAY ASSOCIATION TRusfEES' REPORT (INCWDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 UMeSlrt Fundj The charlty recolved £4J25 of unrestrfcted fund5 durtn8 the svr. Thi5 came vli fundrnlslrq and donatlons from numerous saurces. We had unrestrkt•d reserve$ of £8,811 ¢•rri•d fomrd. As part of thelr overall dutles of managemenL the trustees must ensure that the mijor rlsks to whlch the group Is exposed are revlewl and that systems are establlshed to mItIte those rlsb. The trustees conslderthat a major rfsk 15 one, whlch If It rnaterfallsed, would 4 slunlflcant adverse Impact on the charltles ablllty to fvnctlon and achleve Its purposes as Identlfled In its Memor•ndum and Artldes of SOCiatIon. The tntsttts reco8nlse that rlsks can arlse not only from the tharltles actmtles also from fallure to act or explolt opportunltles. Pl•ns lorfur• perfods Once ¥Jln. our contsact has been extended wlth Lekesterclty Councll (LCC) untll 2025 but 11 not be renThd In Its current form beyond the 31 March 2025. We were informed ty LCC that our Core fundlng Is Ilk•ly to cease In Its entlrety In 2025 and need to find ways to become selfvsustalnable. We have alway5 recelved core furKlln8 $0 are explorfng ways to dst. We contlnue to look for savln8s vthere we can. Other than thal the plwound Is as popular as thr wlthln the communlty and 1$ refiected wlth the conllnulnB new user re8lstrntlon$ and tho support we have recel¥ed from our local ¢ommunlty, p•5t and present user* local school and other communlty8roups and a8encles. Stvucture• ¥•rnIn and mAn¥emqnt New Parks Play Assoclatlon Is 8obwned by M•mornndum and Artkle$ of Assoclatlon. Its prlndple owritin8 address Is Nv Pdrks AAlventure Play8rDund, Glenfield Road Leke5ter LE3 6RN. New Park5 PlayA5SQCiatlon was founded a5 a diarlty In 1974 when the local communlty got togthrto run summer playschemes and18ter on receJved land from Lelce5ter city councll In 1978 along wlth urban area 5 year fundlnB to e#ab115h the id¥Yntur• Playground. After the 5 perlod we were 8lven annuil grant-akl from Lel¢estsr aty Coun¢ll to cmtjnue ttl develop the play8round. The Trust••s overthe year5 have ralsed funds through many Thnlsations Includl Lotteryto debtlop the pl•y8round from a field Into what It 1$ today. Its objects and pow•r5 are set out In the Mem(nndum olAssoclation and rn8ulthd by the Artlcles of A8sodatlon. All members of the charlty wlll be approved by the trustees and no employee of the company or relatlve of an emploe15 a member of the man•gement commlttee. The management committea Is responslble for settlN the dIrecti( of the charlty and establishlnq PDlIC The members hm at least four extraordlnary pn•ral meetln8s durln8 the year and delegate the day to day operatlon of the charlty to the Senlor Plawker and Mana8ement Support worknr. two full tlme and three part tlme Playworkers, •xtra Plawrkrs are tsken on durfng the summer. The Executlve Commlttee is selected •nnuJlty followln8 an Annual General Meetln8. The Executlve Commlttee a150 Invites representstlves from the fundln8 body Lelcester Clty Councll. The trurtees, who 4r• also the dlrertor5 for the purpose of compiry law and who seThed durtnzthe arWar•. Karen LI00d Klm North Dqrren Brown
NEW PARKS PLAY ASSOCIATION TRusfEES' REPORT (INCWDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Meetlny were held durln8 the ar on the followin8 dates Monday 6th March Monday l*June Monday 4th September (AGM) Monday 23rt October The committee memb•rs durln8 th¢ )r to 3tst March 2024 were: Mrs Karen La0d. Trea5ur•r Mrs Klm North- Chalr Mr Darren Brown- Vlce Ch•lr The trustees, report was approved ty the Brd of Trustees. Klm North Dlrnctor Dated: 16 September 2024
NEW PARKS PLAY ASSOCIATION INDEPENDENT EXAMINER'S REpoirr TO THE TRUSTEES OF NEW PARKS PLAY ASSOCIATION I report to the tru#ees on my examlnatlon of the flnancial 5t•t•rn•nt$ of New Parks Play Assoclatlon (the charlty) ftir the year ended 31 March 2024. R•yiilbllkl•s #nd ol r•port As the trustees of the charity (and also Its dlrectorn for the purposes of eomplny law) ytyj are responslble for the prep8ratlon of trR financlal statements In accordance wtth the rEqulrements of the Companles Art 20 (the 20[ Actl. Havln8 satisfied MlIf that th• fln•nd•l ststements of the ¢harfty are not requlred to be audlted under Part 16 of the 2006 Art and are ellble for independ•nt •yamlnatk>n, I report In respect of my eyAmlnatlon of the ¢harltVs fininclal statements carrfed out under section 145 of the CharTtles kt 20111the 2011 Art). In carryTn8 Out my examlnatlon I have followed all the applicable Dlrectlons Blwn by the Charlty Commlsslon under sectlon 14515)(bl of the 2011 ACL Ind•P• •x•nln•rfi slat•mert I have completed exarnlnatlon. l amflrm that no mattets have come to ry atteirtlon In connection wth th• examlnatlon 8iVin8 me Cause to belleve that In ary materlal respert: accountini records were not kept In respect of the charlty 4$ requlred by 5eCtiDn 386 of the 2(K16 Ac¢. or the flnanclal statsrnents do not accord wlth those records: or th• fininclal statements do not comply wlth the accountsnu requlrements of Section 396 of the 21X Act other than any r•qulr•ment that the accounts 8lve a true and falr vlffiv whlth Is not a matter considerEd as part of an Independent examlnatlon. or the flnandal stsitements have not been prepar•d In accordance with th• methods and prlndples of the StsteThnt ol Recommended Pftctlce for accountlng and reportlng ty charities ippllcible to charlt115 pr•parfn8 thelr attounts In accordance wlth the FIn¢la1 Report1 Standard applkable In the UK and R•publlc of Irelind (FRS 102). I have no concerns and have come across no other matter5 In connectlon with the emmlnatlon to whlch ittentlon should be drnwn In thls report In orderto enable a proper undu5tandlni of the financial ststemlnts to be r••ched. Thomas Myfidd PA FCA Mrfleld & Co (Accountant$) Ltd 2 Merus Court Merfdlan Buslne¥s Park Lelce5ter LE19 IIU Dated: 16 Septsmber 2024
NEW PARKS PLAY ASSOCIAlloN STATEMENT OF FINANCWL ACTivmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 lunds furnls fundi Intam• •nd •ndowm•nts from: Don•tlons and le8ade5 other trndln8 actmtks Investments Other Income 3,308 732 156.420 159.n8 732 285 142.798 143J38 239 60 133 1539 133 Totsi Incom• 4.325 156A20 160,745 3.772 141798 146.570 Expendltur• on: Charltablq atti¥ltl•s 6.111 151210 27218 140,191 167h09 Total •Xp•ndIr• 699 151210 27.218 140,191 I09 Net Inrom•/lapenoltyrn) and rnawrn•nt In lund% 1¥7741 10,309 8.535 (23W) 1607 Il•condU•llon of funds: Fund balances at i April 2023 10.585 3.lYJ 13.744 34,031 552 34583 nd Imlanrns rt 31 Mirch 2024 811 13A68 21279 3.159 13,744 The ¥r4tement of flnincl•l qthltles Includes all ylns and105ses reco8nlsed In th• year. All Incm and expendlture derlve from continulnl activitl•s.
NEW PARKS PLAY ASSOCIATION BALANCE SHEEr ASAf31 IK4Ra12024 Currert aiiets Debtors Cash at bank and in hand 637 29,948 114 30,585 14306) 50,204 (36A60) Cradltorn: amounts l•lllni dw wlthln on• N•t turr•nt Miets 21279 13.744 Net p•nik>n IhbMIty 22,279 13,744 TheId$01th•dWr Restrirted income funds Unrestrfcted funds 13,468 1811 3.159 22,279 13,744 The company Is entftled to the exttmpoon from the audlt requlr•m•nt contslned In sectlon 477 of the Complnles Att 21x16. fcr the year ended 31 M•rth 20 The trustee$ aGkno*led8e th•lr r•sponslbllltles for ensuring that the thirlty Iwps account1 records whlch comply wlth sectlon 386 of the Att and fDr preparln8 flnanclal statements vthich Ilve a true and falr eW of the State of iff•lrs of the company as at the end of the flnanclal year and of Its IncomlnK resources and appllcatlon of rOUrCe Includlnu Its Income and expendlture, ft>r the flnanclal year In accordance wlth the raqulrements of sectlon$ 394 and 395 and whl¢h otherwlse comply wlth the requirements of the Companles Art 2CQ6 relating to financ1 statementy so far as appllcable to the company. The mernbers hav• not requlred the company to obtsln an audlt of Its flnandal statements for the yaar In questlon In attordance with 5ertlon 476. These flnanckl statements h•vo been prepared In acMrdancq wfth tho provlslons èppllcable to companies subject ta th• small companles re8lme. The Ilnanclal statements were •pproved ty the trustees on 16 Septembor 2024 Karen Laywood Dlre¢tor Comyny reltratIon number 05993363 (Engllnd and Wales)
NEW PARKS PLAY ASSOCIATION NiifES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AttOunt1 polld Chrtty Inlorm•tlon New Play Assoclatlon Is a wtvate compary Ilmlted by fftiardntee Incorporated In En*nd and Wale& The rn8ist•r•d office ts 215cott Streak Lelcest•r. LE2 6DY Ll A¢countlw (amrtlon Th• flnandal ststements have been prepared In accordance with the chartty'5 Igovernlns document]. the Compinies Act 2006, FRS 102 Flnancial R8portlng Stsndard applkable In the UK and Republlc of Irelarf IR5 102.1 and th• Charltfes SORP 'Accountln8 and Reportlw by Charltles: Statemert of Recommended Practke appIlble to tharltles prepirlvd thelr accounts In accwdance wlth the Flnancial Rewtin8 St•ndard appllcable In the UK 4rrfl Republlc of Ireland (FRS 102)" {effectl¥e l January 2019). The tharfty15 a Public Beneflt Entity as defined by FRS 102. Th• tharlty has taknn adY4nts£e of th• provlslons In the SORP for chirltles not to prepare a Statement of Cash Flo Tho financlal statements are prepared In sterlln& whlchls the funrtional cuffency of the tharlty. Monetary amounts In these finandal statewvlnts are rounded to the nearest £ The flnanclal statements have been prepared under the hlstorlcal c05t conventlon, Imodlfied to Indude the revaluatlon of freehold propertles and to Includ• Investment propertles and certaln finlnclal Instruments at falr PAluoJ. The prlnclpal acc¢untlng pollcie5 adopted arn set out below. 12 Golns concem At the Ilme of approv1 the flMncLIl statements. the tntee$ have a reason•ble upectatknn that the tharlty has dequate resources to contlnue In oporntlonal exlstence for the foreseeable future. Thus th• trust•es contlnue to adopt the 1n8 concern basls of aco)untini In prep•rfn8 the flnanclal statements. 1.3 funth Unre5tr1cted funds are avallable for use it the dlscrellon of the trustee5 in furtheThnc• of thelr charltable obJertive& Restrfcted fvnd$ are subjert to specmc condltlons ty dorrf>rs or 8rantor3 as to haw they may be used. The purposes and Uses of the restrltted funds are set out In the notes to the flnancial statements. EndrAvment fuNJs are subJect to speclfk condltlon5 ty darT$ thatthe upltsl must be malThtslned bythe charlty. IA In¢om• Income Is reco8nlsed when the charfty Is legally entltled to it ther any perfonnance condltlons have be•n meL th• amounts ¢an be measured rellably• and It Is probable that Income wlll be r•c•lv•d. C•sh donatlons are recqnlsed on McelpL Other donations are reco8nlsed once the charfty has been nothled of the donatlon, unless perfomiance condltlons requlre deferrdl ¢)f the amounL Income tsx recoverdble In rekntlon to donatlons recelved under Glft Ald or deeds of conartIS rnco8nhed at the tlme of the donatlon. Le8acles are rewnlsed on recelpt or Othetse ff the chirfty has been iiotmed of an Impendlni dlstr1but1o the amount Is knoyffj and rec•lpt Is expected. If the amount Is not krnjwn. the le8w Is treated as a contIrent 155•t.
NEW PARKS PLAY ASSOCIATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢%ountlw polld•i (Cortlnu•dl 13 Expendfturels reco8nlsed oncq there Is • lepl or construrtl¥ objlptlon to trdnsfer economlc benefit to a thlrd party, Is probable that a transfer of economlc beneffts wlll be requlred In 5ettlemenk and the amount of the obllqatlon can be measured rellably. Expendlture is classlned by rtMty. The costs of aLtlvlty are mad• up of the totsl of dlrect costs and shared cost5 Includln8 Support costs invol1 In undertakln8 each actlvfty. Dirert costs attributablo to a sln8le actfvity are allocate£i dlrertty to that attlty. Sh•red costs whlch tontrlbute to morn than one actlth and support costs whlth are not attrlbirtabl• to a sln81• athlty are apportloned between thos• actmtles on i bAsls consbtent wlth the use of resour Centrdl staff costs are allocated on the basls of tlme spenk and depre£latlon ch•rBes are allocated on the portlon of the evs use. Expendlture Is recosnlsed on an accrual basis as a Ilablllty li Incurrnd. Expendlture IrKludes any VAT whlch cannat be fully recover•d. and Is reported as part olthe PendIture to whlth It relates. 1.6 Cmh and ash oqulvalen Cash ind cash equlvalents Include cash In hand, deposlts held at call wlth banks, other short-temi liquld IrNestfflents with Ixl£lnal maturftles of three months or less, and b•nk overdrafts. Bank overdrafts are shown wtthin bDrrowln89 In curr•nt Ilabllltles. 1.7 Nmndil Initrumnts Th• charlty onfy has flnandal assets and flnancial Ilabllltles of a klnd that quallfy as basic t]nanclal instrum•nts. Bask fln•nclal Instrumeiits are Inftlally rewnlsed at tr•n51Ctlon value and subsequently measures at thelr settlement lue wlth the eKeptlon of bank loans, whlch are 5ubs•quently measured at amortlsed Cost uslng t effectlve Interest method. Basic Ilnjnclal asset4 whlch Indude debtors and lash and b•nk balances, are Inltlalty measured at transKtlon prke Includlns trnnsactlon costs and are $ubsequently carried at amortlsed cost usln8 the effethe interest method unless the irrnngement constltutes a flnandni trnnsactlan, where the trnnsactlon Is measured at the present value of the futur• recelpts dbcounted at a market Ate of InteresL Fln•ndal assets dassmed as recelvable wlthln one arn not amortlsed. Ba51c flnarKlal Il•bllltleg. Indudln8 credltors and bank loans are Inlthlly reco8nlsed at transa¢tlon prfce unless th• arr4rnent ¢onstlbJtes a flnancln8 tranrtIOn, where the d•bt Instrument Is measured at the present value of th• firture pryments dlscounted at a market rate of Interest. Flnanclal Ilibllltles cl&qsMled as payable wlthin one yaar are not amortijed. Debt Instruments are subsequentty carrled at amortlsed cos¢ uslnKthe effectlve Interest rate method. Trade crfjdltors are abllwlons to payfor 8oods or Sere$ that hav• been acqulred In the ardlnary course of 0tIOnS from suppller& Amounts payable are cla$sified as current Ilabllltles If payment Is due wlthln one ar or less. ff no¢ they are prTrtsd as noTrrrent Ilabllltles. Trddq credltors are rqco8nlsed Inltlalty at trdnsactlon wic• and sub&equ•ntly measured at amortlsed cost US1r the effectlve Intèrest method. Flnandal IlabllttiK ar• d•rncognlsed when the ¢harWs contractual obliptlons explre or are dlschar8ed or <ancelled.
NEW PARKS PLAY ASSOCIATION NiJfES TO THE FINANCIAL sfATEMEKfs (CONTINUED) FOR THE YEAR EhlDED 31 MARCH2024 A¢anI1 pollcl•J (Contlnu•dl la Emplayee ben•fft¥ The cost of ary Uned hollday entltlement Is recogn15 In the perfod In whlch the employeé5 ser¥lces are r•cefved. Termlnatlon benefits are recoinlsed Immqdl•tely as an expense vthen the.charlty 15 demonstrnbly commltted to termlnate the employment of an emplo? or to pro¥lde termlnatlon benefits. QIU¢al a¢¢ountl#tsI and ludym•nts In the applIlon of the ch•rWs accountln8 polldes. the trustee5 are requlred to miko ludgements estlmates and assumptions about the c•rryln8 amount of assets and Ilabllltle5 that are not reidily •pp•rent from other source% The estlmates and assoclatsd as5umptlons are based on hlstorlcal •xperlence •nd oth•r fact¢X5 that are consldered to be relenL Actual results may dlfferfrom these estlmates. The estlmatss and underlyln8 assumptlons arn rethewed on an ongoin8 kn1& Revlslons to accountlng estlmates are reCnIsed In the wrk>d In whlth the eAimate Is revlsed where the rev151on Jffects only that perfod or In the perlod of the revlsion •nd future perfods where the rdslon affects both current •nd future perlods. Donatlon• and l•pdes Total Unrestrfcted ftestrlcted funds fvnds generdl 2023 Totsl funds a•n•rnl 2024 2024 2023 2023 Donatlons arKI ilfts Grdnts recelyable 058 1250 156,420 158.670 142,798 798 155,420 159,n8 141798 143I38 Other donatlons 1.040 10-
NEW PARKS PLAY ASSOCIATION NOTES TO THE FINANaAL sfATEMENTS (CONTINUED) FOR 7HE YEAR ENDED 31 MARCH2024 Domtlons and l•ptl•B (Coniinued) Grnnts roc•K•bl• for core JctMtI•s Le1$ter Ctty Councll Maln Grdnt Holldly ActlvFtles and Food Pro8rnmrne (HAF) Leicestershlre Pollo Antl Sodal Grant Ward Grnnts Anti Poverty Grant Nitlonal Lottery Communlty Panel Other 12L21XI 12L200 121200 1212Crt) 18,716 14716 9.658 9.658 9,135 9.135 LS00 7.119 7,119 io,IxJo io,c 250 250 1250 2.250 1250 154420 158.670 141798 141798 Ralffj funds Unrertrfcted Unr•slrkt•d funds fun iaMI •rnl Chrlstmas fUndrdlsI wents TrIp5 Income 1,514 L025 732 Ratslnq funds 732 2,539 Income from Iirmtnxnts ufftjtrfct Unrmtrfc funds fun Interest recelvable 185 11
NEW PARKS PLAY ASSOCIATION N(rrES TO ThE FINANaAL sfATEMEKfs (CONTINUEDI FOR ThE YEAR ENDED 31 MARCH 2024 othv In¢om• Unrn*l¢t•d UN•rtrf£ted lun funds 2023 Recelpts from football hlre Charhbl• •rthftl funth lundi 2024 2023 5tsff costs Activltle5 Equlpment and protethe clothlrwa R•palrs and malntenance Motor and travel expense5 Uahl heat and water Imurance Telephone Prlntln& postage and #atkjnffy Subscrlptlons Tralnlni bslte desl8n costs 97.962 18,832 L899 101998 11832 L899 451 6,591 3,207 523 584 331 574 97,831 22,862 475 15,915 8,151 4.119 973 63 6.591 3,207 523 331 574 360 447 252 6,099 131251 137J50 151607 Share of VernanCe costs (see note 8) 14860 14,802 146,111 151210 167A09 An•lysls by fvnd Unrertrkted funds- senernl Restrfcted funds 6,099 6,111 27,218 140,191 146.111 6AI99 146,111 152210 167A09 For the •r end•d 31 M•rth 202J UnrostrIct funds- pneral Restrlcted funds 27218 27.218 I40.1 140,191 27218 140,191 167A09 12-
NEW PARKS PLAY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARai 2024 Support qwt• Support Go¥•rn4n¢e 2024 202J of •1JotIon Stsff costs 7,317 7,317 7.145 Governance Indepedent MITre fees Prtnt1 postaue ind statlonery Trlephone Accountsncy and boo keeplni fees ank charges Miscellaneous expenses 1306 1306 2.390 Govemance Governance iio 195 195 288 GoN*rn•nco 4.830 430 89 13 410 78 Governance 6o¥emance 13 60 14,860 14,802 Analysed between Charftable actl¥ltles 14W2 Governance costs Includes Vrnents to the Independent emrnlners of 4306 (2023. £2JgJ) for eyamlnatlon fe•s. N•t Mo7•nt In 2023 The net movement In funds is Statsd after charylw/(cMdftln8): Fees p•yabl• forthe Independent examlnatlon of the chartV5 flnoncl81 st•tem•nts 2J06 io Trurt None of the tr115tee$ (or any persons L¥)nnected wlth them) recelved any remuneratlon durfni the year, and none of them were relmtrAJrsed for trnllln8 expenses (202> £nll). Ernpla• The aNtra8e monthly number of employees durlnl the year was: Numb•r Numb•r Salarkd siaff li 13-
NEW PARKS PLAY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 11 Ernploy• (Cortlnuodl Employment t4 Wales and salarfqs It,315 104.976 There were no empl¢w whoso Jnnu•l r•mun•rntlon moro thjn £60.IXJO. R•mun•ratlon of kny m•n•yrn•nt p•rvJnnql The remuneratlon of key man•8•m•nt perxjnnel was as follows: AB8repts compensatlon 31931 24,940 L7 Tax•tlon The chartty's actlvltles fall wlthln the ey£mptlons afforded ty the provlslons of the Income and Corporatlon TayAS Act 1988. ACcordIY, there Is no taxatlon charye In these a¢unts. 13 Ananthl Instrum•iits 2024 lry amount ollknlnd Il•bllltl•s Measured at amortlsed cost 3228 35,176 14 D•bta 2024 Arnounts fall1 du• wlthln on• r. Prepayments and accrued Income 637 15 Cndltorn: amoimts falllni due vAthln one Ar Other tsxatknn and sodal securfty Oth•r cr•dltor5 A¢cruo1s and deferred Income 33,129 1047 I047 8,3LIS 36,460 14-
NEW PARKS PLAY ASSOCIATION NiyfES TO THE FINANaAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 R•#rkt•d funth The Income fund5 of th• dwrfty Include restrfcted funds comprlsln8 the follow[ unexpended balances of donatlons and grnnts held on trust for spedfic purposes: At l Aprfl 2023 In¢orne Expendltum At JI M•h Leicestqr aty Coundl Hollday Attivltles and Food ProBrnmme IHAF) Anti p0rty Grant Lelc•st•rshlre Pollce Antl Soclal Grnnt Communlty Panal 12L2C 18.716 7,119 9,135 1121.2(Xi) 117,923) (801) (5A14) 1373) 2.847 6,318 3,321 312 3,159 156,420 (146,111) 13A68 At l Aprfl 2022 Incom• Exp•ndllur• At 31 Mar¢h Lelcester aty Coundl Hollday Actlvftles and Food Proqramme IHAFI Ward Grants Communlty Panel Natlonal Lottery 121,2LYJ 9,658 L51KI 11212CrfI) (7,363) (1,500) (128) Im)D) 552 1847 312 ,000 552 141798 {0,1) 3.159 15-
NEW PARKS PLAY ASSOCIATION NOTES TO THE FINANaAL sfATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Unrertrl¢W fun Th• unrnstrlcted funds of the charfty thmprlse the unexpended balances Df donatlons Ind irants whlth are not subject to specmc condltlons by donors and grantors as to how they may be used. These Include deslgnated funds whlch have been set aslde out of unrestrfrted funds by the trustees for spedtlc purpose& At i Awll 2023 In¢om• EXPdIturn At JI Maffh 2024 Generdl funds thri5tma5 fundrnlser SBRR Grant Emperor Sharniln B•lway Home other 3rt55 L514 1974 910 loo 1632 1075 5530 L514 L767 IL207) I0) (100) (L6321 112501 1250 10.585 4.325 16.0991 4811 Prwlous yeqr. At i Aprl 2022 Inrne Expendfture At 31 Mah Generdl funds Cavld 19 Chrtstmas fundralser SBRR Grdnt Emperor Srman Belway Home 26 (25.101) (2,117) 3A55 117 L514 1974 910 100 1632 2,974 310 1,632 34JJ31 17n 127.2181 10,585 ol n•t •ii•li batM•n fundi Unrertrfrted fundi funds 2024 At 31 Mirth 2024: Current assetsllllabllltlesl 4811 13A68 22279 ¢811 13A68 21279
NEW PARKS PLAY ASSOCIATION N17fES TO THE FINANaAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AMWS of net •Sléts b•twe•n fvnds (Contknu•dl Umeitrfcted nds 2023 Restrfct•d funds At 31 Marth 202J: Current assetsl(Ilabllftles) 10.585 3,159 13,744 10,585 13,744 l• Comp•rry Ilmlt•d byiuarantee New Parks Play Assoclatlon Is a company Ilmlted by warantee and accordirryly doe5 not hm share capltal. Ewry member of the compary undertake5 to cixrtrfbirte such an amourf( as be requlred not exceedi £1 to the assets of the charltsble company In the event of tt belns Miund up whll• he orshels a member, or withln one y••r •ft•r he or she ceases to be a member. PoAt Balance Sheet knnts The trustees belleve that the Charlty remains a 8oin8 concern, wlth a healthy balance sheet is •tthe 31 March 2024. However, the Charfty has been Infonmd that tl*y wlll no lonyr be funded by the loul iuthorlty bend the 21)24125 flnalar year. Th1$ loss of fundlni wlll reFxesent approxlmataly 75% of the income fundi th• (Iwrtty r•c•lv•s. Therefry thls loss of funding would represent a slgnlficant Ioss of fundln8 th•t would undoubtedly affect the scope of work the Charfty could undertah beyond the followin8 financl•l Iwr. Dwlte thls the trustees are conlldent that they could in the lonyr t•rm ftnd ways of adaptlng pr•ctlces and swvlces and generate sufficlent Income to enable the Charlty to contlnu• Its owrntlons. Hor. the tnthe5 ackncMled8e at the d•t• of th• s18n1 of the accounts thls IntIalty lrnpcts the 8oln8 concern status of the Charlty zolngforward. 17-