Company reglstratlon number: 05970025 Charity registration number. 1121081 IELD ACCOUNTANTS SOMERVILLE YOUTH & PLAY PROVISION LIMITED TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
somerville Youlh & Play Provislon Umlted Contents Page Referenco and Administrative Details Tru8lees' R8POrt 2-6 Ind?pendent Examlnerfs Report statem&nt of Financlal Activitles {InGluding Income and Expenditure Account) Comparativo Statement of Finandal Actlvltle8 (Includlng Incom6 and Exponditure Account) Balanca Sh88t Note8 to the Flnanclal Ststements
Somerville Youth & Play Provision Lirnitod Roference and Administrativè D¢talls For The Year Ended 31 March 2025 Trustees S D Browne {appolntsd 2310312025) A Morris (resigned 0410212025) K Faragher (resigned 0410212025) J Cumming8 (resigned 0410212025) J Shimidzu C Callender (appointed 2310312025) D Khler (reslgned 04102r2025) S Carey (appolnled 0310812025) P Fry (appolnted 0610512025) S W Low (appoint8d 0811212025) L Ononye (appointed 1910512025) Charlty Number 1121081 Company Nurnber 05970025 Rgglstored Offlce 260 Queens Road London SE14 5JN Indopondent Examiner Shaun Muller ACA FCCA Cornfield Accountants Limlted Chartered Accounlants 5 Comfield T8rrace Eastboume East Sussex BN214NN Page 1
Somerville Youth & Pkny Provlslon Limlted Company No. 05970025 Tnt5. Report For The Y&v Ended 31 March 2025 The frustees PTBSent their report Ihe firkgnaal Statem for the year ended 31 March 2025. Objectlves and Acllvltles Alms and ObJectlve5 Th8 charity carTies out a vaTiety of activitses in pursuance of its charitable alms. The trustees conslder that the activilies provide benellt to those who make use of Somerville YJth & Play Provision fsomerville.) facilitles and the wider community. These Indude: (a) To provide andlor assist in the provision of farjlities for recTration and other leisure-llme occupation for children, partlcularly (though not exctusivety) Ihose who are tesident in the New Cross and suOund1ng area of the London Borough of Lewtsham, belng facllllEes: i) of whlch such chiklren have need of such frdclthies by reason of their youth or soctal and economic CIrcumsLceS. and 11) which will improve the conditions'of lrfe for such children by promoting their physlcal, mental and sp5rltual well- being. (b) To frJrth8r or b8nefft the residents of areas where the Charity is a(aive. without dlstlnclton upon gender, sexual orlentatlon. race or political. religious or other opinions. by associating together the said residents and local authorities, voluntary and other organisations In a common effort to athrfan educatlon, to relieve poverty and need, and to provide facilities In Ihe interests of socaal welfrdre for recreation and lei5ur8 lime occupation with the objecuve of improvtng the conditions of life for the residents. Ensurfng our work dellvers our alms We review our aims, objeclives and acfivities each year. This review looks al what we achleved and the OLttcomes of our work in the period April 2024 to March 2025. Thls review helps us to ensure that our alms, objectives and activities remain focused on our ststed purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefft when reviewng our aims and objectives and in plannlng our fijture actlv6ttes. The Trustees conslder how planned actlvttles wtll contribute to the alms and objectives they have seL Achlav•m•nts and Perforniance Maln Achlevements AS of March 2025 we had a total of 1.870 children and young people registered wlth the organisation. 1.125 children and young people attend our servIS throughout the year. Our main sile is based in New Cro88 in a densety populated area. and consists of a large youth and comrnunity centre, wilh an outdoor adventure playground, as well as converted shipping containers which house a rPentry workshop, a bicyde maintenance workshop and a proposed muslG sludio. The tyjtslde space has been deslgned to foster the history of the site, which was originally built in 1971. The outside space al]ows children and young people the opportunities lo engage safety in physical, challenglng and imaginafjve play. in a natural environmenL During the period 225 we managed a second site. The Blue Youth and Communlty Centre (Ihe Blue.), vla ontract with Southwark CounciL Our service at this site was partly funded by LB Southwath. in addition to our own fundraising. The spa(x consists of a double fronted shop where the ground floc•f k% spfft into four sections, which is used as kltchen. office, rr workshop space and a 'thillouY zone wilh seating and computer games. The upstslrs Is a larger hall, houslng a pool table, bar football and a tab tennis table and available for larg8r workshops. The appolnted ntra manager was responsible fDr th8 day to day running of actlvlks and reported to the Director of Somervllle. ..CONTINUED Page 2
Somerville Youlh & Play Provision Limited Trustees. Report (continued) For Tho Yoar Endod 31 March 2025 Maln AGhievements - conllnued During the period Aprll 2024 to March 2025 provided high qualNy youth WOTk. at both sit8s for three evenings weeK during term time. We a150 provided substantial holidays activitles across the summer, Easter, Oclober and Chrfsknas holidays al bolh sltes funded by Lewsham and Southwark's Holiday Actsvity Fund (HAF). Our offar induded: edsports (Foolbai. wilh actNe girls and Iws foolball coaching. boxing) Bik8 r8PaI and mainlenance Drama Visual Arts Targeted workshops (Sexual Health. VioleTf£ Reduction) Cooking Gardening Trips ITtr. Seaside. Goarting. &%inThing. kn Skating) A Resldenllai Supporters of our work Wo Yuld like to lake this aortUnIty to thank all of our fund8t5. Staff and volunteers fur their ongoing commitment to the organisation. Flnanclal Rovlow Financial Po8illon During the year the charity had incoming resources of £173.081 and r8sourc8S 8xpended (exduding exceplional items) of £247,926. Reserves Policy The trustees have established the level of resources (that is those fUrS Ihat are freety avallable) that the charity ought to have. Aft8r a period of corisolidalion. this has been assessed as approximatety 20% of the annual running costs, which ha5 reduced In the 2025126 financial year. Employee loans Th8 trustees financial review identified unapwoved loans to Iwo former employees (see Nole 14. pag8 18 - °other debtors.). The truste88 have alerted and soughl advice from Ihe Charities Commisslons. The trustees have agreed a repaymenl schedule wilh one employe8 but ar8 unabl8 lo contact th8 Other employe&. In regards Ihe latter, we inten(J to make a complaint to the PDIiGe. The accounts wiu be regularly revlewed but may need to Jnslder Write of part of those debts. Page 3
Somervill8 Youth & Play Provision Llmlted Trustees. Report (contlnued) For Tho Year Endod 31 March 2025 structura, Govemance and Management Employee loans Members of the Executive Committee are the trustees of Somerville. They are local resldents with a variety of skills. experience and interests that lend them8elv8S to providing a business4ike, effecllve, sustainabl8 and nurturing safe environment for children and young people. The trustees are committed to the future and the values of the Somerville to 8nsurp the OTganisation is run to a high standard. The trustees are requlred to be appolnted annually at the Annual General Meeting by the members of the Somerville. Typicalty, the Trustees meet four tlmes per annum, but more often where appropriat8. The operations of the Charity was run by the Director. Bradley Cummings who was responsible for the day to day running of the tharity. duting the period April 2024 lo March 2025, Including the admlnistration. finanoal rnanagement. staffing, service delivery, resou. equipment and fundraising activities. The Direclor reported to Ihe Irustees at every meefing with a detailed Directors report and financlal stalements. The trustees assess their skills annually. and COwOPt new members if needed to ensure Ihat the followlng skills, knowledge or backgrounds are represented: Provision of services for thildren and yo9 people Business and finan Fundralslng and charity management Safeguarding Communty and parent engagement. which reffects the ethnic makeup of our community Plans for the future In 2024. the future of Somerville and Blue wore a cause for )ncern. The key issues were: 1. Tntse oversighl 2 Operalional management Fund ralslng The p70d October 2024 to December 2025 has seen 8 slgnfficant shift in management and delivery. The board of trustees ha5 been transfomied. We hav8 recruited a diverse group of commltted local professlona15 from the art, charity, human resources and legal industries. led by a Ix)mmitted local su(wsful small buslness owner. Wtth careful pknning and a high level of individual commltrnent, the board has appointed a confident, eXperIend and tenadous new CEO from the local o)mmunty, Kir5ty Collander-Brown, who is planning creative, detailed arKI ambitious plans lo revitalise the Somerville and ensure its continued survival for the benefit of lo1 children and young people for decades to CAxne. The trusl88s have r8vi8wed and tightened the managemenl and govemance a thomugh revlew and updating of policies, protocols and oversight of Ihe SomepAlle. This indudes regular sulKommittea meellngs In relation to finance and forecasting, human resources and safeguarding. The trustees and director hekl one of iwo slrategy revi8w days to consider the present posltlon and future plans for the Somervi118 in October 2025. A professional facilitator provlded a structured and recorded strategy revlew (pro bono). with a fUrfr view in 2026 to consolidate and refiect the progress of the SomeNII8. CONTINUED Page 4
SomeNi118 Youth & Play Provlslon Limlted Trustees, Report (continued) For Tho Year Ended 31 March 2025 Employ loans continuad Th8 CEO and Iruslees have kKussed on fundkng. emptoyir¥J new accountants Io SCTUtinise the Somervllle's accounts, &8SiSt with daY-t(daY financial forecasting, managing and reducing expenditure where appropriate and supportlng funding appli¢)ns. The accounts for 2024125 ide an adJusth%nt to 2023124 accounts to ensure that there ts an accurate record of unrestricted and reslricted funding (se8 fK)ts 12. page 17 Our plans for 2025r26 are ambitious. Somarville's futuro strategic plans VAU refleGt Ghildren and young people, and the local communws views. We will extend our youth worker staff team, develop our diverse funding strdtegy, general8 partnershlp projerts and place SomeTrille bad( on a fimi fooling. We are well advanced Nmth these plans. The Somerville is a vital resou to a dlverse economic and cullural communlty. We fill an unowjpied space for vulnerdble children and young people. and have done so since 1971. The trustees and staff team ar8 dedicated. energetic and talented. and focussed on working with funders, loGd authoiilies and businesses to give the opportuntties. support. nurturing and guidan that ow children and young people deserve. The Somerville leam recognis8 that children and Yn9 people fonn 25% of our communty, but are 100% of our future. Slalamant of Trustees. Responsibililios The Irustses (who are also the dirBclor5 of Sornerville Youth & Play Promsion Llmlted for the purposes of company law) are responsible for preparing the Trustees. Report and the financial statements in accordance with appllcable law and United Kingdom Acc0w.ng Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the tNstees to prepare financial atements for each financial year. Under company law the trustees must not approve the financtal statemenl unless they are salisfied that they gNe a tTU8 and fair vi8w of the stste of affairs of Ihe charitable company and of the incoming resources and appllcation of resources, Includlng the Income 8nd expenditure. of the chaTitabl8 company for that period. In preparing the financial statements the trustees are require<l to: seled suilable accounting polldes and then aF4)ly them nsIStenty. observe the methods and prinGiples in the Charity SORP; make Judgments and accounting estimates that are reasonable and prudent; and prepara th8 financial statements on the golng concem basls unless It Is Inappropriate to presume that the company will continua in busln&$5. The trustees are responsible for keeping adequate acUl}lIng records which disdose wth reasonable accuracy at anylime the financial positlon of the charitable company and to enable them to ensure that the accounts comply with Ihe Companies Act 2006. Thoy are also responslble for safeguarding the assets of the compary and hence for taklng reasonable steps for the prevention and detecti1 of fraud and other Irregularities. The trustees are responsible for the mainlenance and Integrity of the corporale and financlal Inf0Mtion incJud8d on the tharitable compansls webslte. Legislation in Ihe United Kingdom govemlng the preparation and dissemination of financial statements may dlffer from kglslation in otherjurisdiclion5. Small Company Rules This report has been pr8pared in accordan wllh the special provisions relating to companles subject lo the small companles regime wthin Part 15 of the Companies Act 2006. Page 5
SomeNille Youth & Play Provlslon Umlted Tru8te8s' Report (continued) For The Year Ended 31 March 2025 The trustees. report was approved by the board of trustees and signed on its behalf by. hl Tru8te8 Date Ollo,l£¢)t6 Page 6
Somgrville Youth & Play Provision Llmlted Indepfrndent Examlnerfs Report to the Trustees of Somerville Youth & Play Provlsion Llmlted For The Year Ended 31 Marth 2025 I report to Ihe charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilitlas and Basis of Report As the charlty trustees of the Company (and also ts directors for the purposes of company law). you ar8 responsible for the preparation of Ihe accounts in accordance with the requir8m8nts of the Companles Act 2006 (Ihe 2006 ACV). Having satisfied myself that the accounts of the Company are not required to b8 audlted under Part 16 of the 2006 Act and are eligib18 for independent examination. I report in raspect of my examlnation of your charitys accounts as carried out under sectlon 145 of the Charities Act 2011 ('the 2011 Act'l. In carrying out my examinatlon I have followed the DireGtions given by the Charty Commlsslon under section 145{5) (b) of the 2011 Act. Indepandgnt Examinarfs Statement I have o)mpleted rny examination. I confimi Ihat no matters have come to my attention in conneGtion with the examination givirMJ me cause lo believe: 1. accounting records were nol kept in respect of the Company as required by section 386 of the 2006 AG(. or 2. th8 accounls do not accord with those records: or 3. the a¢UnIS do not comply wlth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair vlew whlch Is not a matter considered as part of an Independent examination; or 4. the accounts have not beén prepared In accordance with the methods and principles of the Ststement of Recommended Practi for accounting and reportlng by charities appllcable to chatilies preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have rne across no other matters in conneGtion with the examlnation to whlch attention should be drawn In thls reporl in order lo enable a proper und8rBtanding of the accounts to be reached. Shaun Muller ACA FCCA Date oi 5 Cornf[d Terrace E8Stbourn8 East Sussex BN214NN Page 7
Somerville Youth & Play Provision Llmlted Slatsment of Flnanclal Activitles (Includlng Income and Expondituro Account) For Th6 Y¢ar Ended 31 March 2025 2025 Unrestrlcted Restricted Endowment Thtal funds funds funds funds 2024 Total funds Notas INCOMEAND ENDOWMENTS FROM: Donattons and legaci8S Charitable a¢tivltles Investments 2,590 153,766 2.590 14,232 170,466 236,533 25 16,700 156,381 16,700 173.081 250,765 EXPENDITURE ON: Raising funds NET EXPENDrruRE (202.742) (16,700) (46.361) {28,484) (247.926) (300,521) (28,484) (74.845) (49,756) Extraordinary Items NETMOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Totsl funds brought for*vard TOTAL FUNDS CARRIED FORWARD (24,000) (70.361) (24.000) (28,484) (98.845) (49.756) 105,215 455,743 560,958 610,714 17 34,854 427,259 462.113 560,958 The notes on pag8s 12 to 19 form part of th888 financlal stalements. Page 8
Somerville Youth & Play Provlslon Llmlted Comparatlw Statement of Flnancial Activiti8s (including Income and Expondlture A¢Gount) For Thè Y¢ar Ended 31 March 2025 2024 Unre8trtct8d Rostrlcted Endowmenl Total funds funds funds funds Notos INCOME AND ENDOWMENTS FROM: Dorkgllons and legaGles Charitable actlvlties 14,232 156,233 14,232 238,533 80,300 170,465 80.300 250,765 EXPENDITURE ON: Ralslng furK18 NET EXPENDrruRE (191,737) <80,300) (21,272) (28,484) (3DO,521 } (28,484) (49,758) Tran8fers b8tw8an funds 17 203.271 (255,351) 181,999 (255,357) 52,086 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Tol81 fund8 brought forward TOTAL FUNDS CARRIED FORWARD 23.602 (49.756) (76,784) 255,357 105,215 432,141 610,714 17 455,743 560,958 The notes on pages 12 to 19 form part of these financlal 8tatem8nts. Page 9
Somerville Youlh & Play Provislon Umlted Balance Sheot As At 31 March 2025 2025 unTtrIctsd Restrict Endowment Total fvnds funds funds funds 2024 Total funds FIXED ASSETS Tanglbl6 ksets 13 10.551 427.259 437.810 475,337 10,551 427.259 437,810 475.337 CURRENT ASSErs Debtors Cash at bank and in hand 14 12,941 19.873 12,941 29,861 19,873 68,734 32,814 98,595 32.814 Crndltor8: Amounts Falllng Du• Wlthln One Year 15 {8,511) (8,511) (12.974) NET CURRENT ASSETS (UABILITIES) 24,303 24,303 85,621 TOTAL ASSETS LESS CURRENT LIABILMES 427,259 462,113 560,958 NET ASSEr3 34,854 427,259 462,113 560,958 FUNDS OF THE CHARITY Endowment Funds UnrestrEcted Funds 427,259 455,743 34,854 1D5,215 462,113 560,958 TOTAL FUNDS 17 Page 10
Somarvllle Youth & Play Provlslon Llmited Balance Sheet (continued) As At 31 March 2025 For the year anding 31 March 2026 the charftable company YS entitle(I to 8x6mption from audit under section 477 of the Compani88 Act 2006 relating to small companies. The members have not requlred the charitable company to obtain an audlt in accordance with section 476 of the Companies Act 2006. The Irusteès acknowledge th8ir responsibilities for complylng with the requirements of the Act with respect to accounting records and tha preparallon of accounts. These accounts have been prepared In aCCoance with th8 provlsions appllcable to companie8 subject to the small companles regime. On behalf of the board TnJ8tee Date The notes on pag88 12 to 19 lomi part of Ihe88 flnancjal glatements. Page 11
Somarville Youth & Play Provlslon Llmlted Notes to tho Financlal Statemonts For The Year Ended 31 March 2025 1. General Informatlon Somervllle Youth & Play Provision Llrnlted Is a company Ilmited by guaranle8, incorporated In England & Wales, reglstered number 05970025 and registered charity number 1121081, The registered offlca is 260 Queens Road, London, SE14 5JN. 2. AcGountlng Poli¢les 2.1. Ba81$ of Prnparation of Flnanclal Stalernents The financlal statemen15 have been pr8pared In accordance wSth the Charities SORP (FRS 102) "Accountlng and Reporting by Charities: Statement of Recommended Practlce applicable to charftles preparlng their accounts In accordance wlth tha Flnanclal Reportlng St8ndard appllcabla In the UK and Republic of Ireland (FRS 102) (effectlve 1 January 2019)., Flnancial Reportlng Standard 102 "The Financlal Reportlng Standard applicable in the UK and Republic of Ireland. and the Companlas Act 2006. The tharftable company Is a Publlc Bangfil Entlty as defined by FRS 102. 2.2. Golng Concem Dlsclo8ur• The Iruste88 have not Identlfled any materlal uncertalntle8 related to events or conditlons that may. cast slgnlflcant doubt about the chatltabl8 companls ablllty to continue as a going concem. 2.3. Fund Accountlng Unrestrlcted funds can be used in accordance with the charltable objectlves at the dlscretion of the trustees. Deslgnated funds Gomprfse unrestrlcted fund8 that have been 8et a8ide by the trustees for a specific purposa. Restficted funds ar8 to be u8ed for 3pedflc purp08e8 88 lald down by tha donor. 2.4. Incomlng Resources All incomlng SourCeS are Included in th8 Statement of finand81 aclivities when the charity is entitled to the Income and the amount can be quantlfled wlth reaBonabl8 accuracy. Th8 followlng speclflc pollcles are appllgd to particular categories of Income: Voluntary income Is receNed by way of grants, donatlons and gifts and 18 inGluded In full In the 8tatement of financlal activities when reGeivable. Grants where entit]emenl Is not condltlonal on the delivery of a speclfic perfomiance by the Gharfty, are recognlsed wh8n the charlty b8coine8 unconditionally entitled to the giant. Donated services and facllltles are Included at the value to the charlty where thls can be quantifiad. Tha value of servlces provided by volunteers has not been included. Glfts donated for resale are Included as Incomlng resources withln athitie3 for generatlng funds when thay are sold. Grants. Induding grants for the purchase of fixed a858ts. are recognlsed in full In the statement of financlal aGtlvltias In the year in which they are receivable. Page 12
Somerville Youth & Play Provision Limited Nots8 to the Financial Stalements (continu8d) For Th• Yèar Endgd 31 March 2D25 2.5. Resourcos Expended Expendltura is r8cognised on an accrual basls as a IlabS1ty Is incurred. Expendlture indud86 any VAT which Inot be fulty recovered. and18 reported as part of the expenditurB to whlGh 5t relates. Costs of generating funds comprise th8 costs as%)clated wllh attrdcting voluntary Income and the costs Incuffed for fundraising purposes. Charilable axpendtlura comprises th058 wsts Incurred by the charity in the delivery of its actfvitles an services for Its beneficlarios. It inclu(Jes both costs that can be allocated dlreclly to such advities and those costs of an irKlirect nalure necessary to support them. Support costs are those costs Incurred dlrecty in support of expandre on the objects of the charity and Include project managemenL 2.6. Tanglbl• Flx•d Ag8•ts and D•proGlatlon Tangible fixed asBets are measured at cost18ss accumulated dépr8ciatlon and any aMulated Impalrmenl losses. Depredallon 15 provlded at rates lcUlated lo writ8 off the cost of the fixed assets, less their e8llmat8(J resldual value. over thair expethd useful Ilve8 on the followtng basas: Leasehokl Plant & Mathlnery Motor Vehlcles Flxlures & Flttlngs 25 year stralght Ilne 25% $tr81ght Ilne 25% 5tralght Ilne Various 2.7. Cash and Cash Equlvalents Cash and cash equfvalents are baslc financial assets and inrjude cash In hand and deposits held at call with banks, other short-term hEghly liquid investments Ihat mature in no more than three months from th8 dale of acqulsition and are readlly convertlble to a known amount of cash with Wl9nIficant rlsk of thange In valu&. and bank overdrafts. 2.8. Taxatlon The charlty is exempl from tax as all ts incomels charltablg and applled for chatitable purposes. 2.9. Ponslons The charitabl8 Company operates a defined pension ntribUtIon scheme. Contributlons are charg8d to the Statement of Flnandal Activities as they become payable In accordance with the rules of the scheme. 2.10. Crftlcal Accounllng Judgements and Key Sources of EstlmatFon Unurtalnty In the appllcatlon of the companys accounllng pollcles, management is requlrod to make Judgements, e8timate8 and &8sumptions about the carying value of assets and liabilities that are not readily apparent from other sources. The estlmates are underfying assumptions and are based on hlstorical exp8r18nc8 and other factors that are consldered relevanL Actual results may differ from these eslimates. The estlmales and underfylng assurnptions are revlewed on an ongolng basis. Revisions to accountlng esfjmates ar8 r8cognised in the perlod in which the estlmate Is revised W the revision affects onty thal pèriod, or In tho period of the revtsion and firture perfods rf the revision affects both rren1 and future periods. FollOng a review of the financial slaiemonts it is (leermd there ara no areas of estimatlon uncertainty. A (Titical accounting entry has been made In respect of opening bal8nc8s which could not be substantlated to extemal evidence. Th&se amounts have been Itten off as exceponal items in the year to ensuro the closing posilion is correcL Page 13
Somervllle Youth & Play Provision Limited Notss to the Financial Statements (contlnued) For The Year Ended 31 March 2025 2.11. Allocatlon and apWlonm¢nt of costs Costs direGtty allributable to restricled income is recowised as suth. Costs of running the charlty and malntalnlNJ ifs assets are recognlsed as support costs. 3. Income from Donatlons and Legacles 2025 2024 Unrestricted Total funds funds DortionS and gifts 2,590 14,232 4. In¢orne from Charitable Aclivittes 2025 2024 Total funds Unreslricted Restricted nds funds Total fund5 National Lottery- Community Fund LB Lewisham Grant Soulhwark Hollday Acltvlty Fund (HAF) Jack Petchey Southwark Council Glfts and Donations Core (Rental Income) Guys and St Thomas. The Blue St Olave8 Foundation wa Welcome Cinven Foundalion Grdnt Power the fight London Community Fund 75,000 26,668 23.000 2,700 22.020 19,200 23.000 19,200 23,000 2,700 18,793 711 72,002 2.700 18,T33 T11 72,002 43.477 38.250 2,818 1,100 1.500 20,000 20,000 4.000 10.000 4,000 10,000 153,766 16,700 170.466 236.533 5. Invesknnt Inme 2025 2024 Unrestrlcted Total fund5 fund5 Bank Interest re(%ivable 25 Page 14
Somorville Youth & Play Provlsion Llmlted Notos lo the Financial Slatements (contlnued) For The Year Ended 31 March 2025 6. Not Inm01(EXpendIlUre) The net expenditure is stated after charginty(creditiThJ): 2025 2024 Depreciation of tangible fixed assets- owned 37,527 39.217 7. Analysis of Expendlture 2025 Acdvlllgs Support undertaken Costs dlrectty (see note 8) Ratsing funds 26.718 221,208 247,926 Actlvitles Support undertaken costs directly (see note 8) Total Raislng funds 22.320 278,201 300,521 8. Support Costs 2025 Ralslng funds Employee costs Premlses expenses General admlnlstr8tion Depreclallon Inleresl payable 143,414 23.903 15.793 37,527 571 221.208 Page 15
Sornerville Youth & Play Provision Limit8d Notes to the Flnandal 8tatem8nts (continued) For The Year Ended 31 March 2025 2024 Ralsing funds Employee costs Pr8mises expenses General admlnlstratK)n Depreclaknn 201,636 18,397 18,951 39,217 278,201 9. Independont Examlnerfs RemuneTatlon 2025 2024 ag reststed Independent examlnauon of the financial stslement8 Other assurance servlces Tax adv180ry servlces other finandal sarvice8 1,620 450 1.700 2,070 1,700 10. Staff Costs Stsff costs were as follow8: 2025 2024 a• reslated Wages and salaries Sodal security wsts Olher penslon costs 133,286 3.947 5.842 181,189 13.203 7.071 143.075 201,463 No employees received employee benefits (ex&lJdlng employer pension costs) for fha reporting perl(Jd of more than £60,000. 11. Avorage Number of Employees Average number of employees durfng the yearvms: 8 (2024: 9) Page 16
Somerville Youth & Play Provision Limitsd Notas to the Flnancial Statsmonts (continued) For The Year Ended 31 MarGh 2025 12. Prlor Perfod AdJustmont Durlng the year. the Trustees Identified a classlfication error relating to prfor periods. In prevlous financlal statsrnents, a balan of £255,357 was hekl within the Restricted Fund and a balance of (£52,086) was h8ld withln the Endowm8nt Fund. Followlng a revlew, the Trustees concluded that these fvnds were no longer subject to external restrictlons and should have been recognised wlthln the Unrestrlcted Fund. To correct this. a transfer of £255,357 has been made from tho ResCted Fund to the Unra8tricted Fund and anoth8r transfer of £52,086 has been mad8 from thg Unre8trlct8d Fund to the Endowment Fund. As this relates to prior perlods. the adjustment has been tr6ated as a prior year adJu8tm8nt, and the openlng fund balances a8 at have been restatsd accordlngly. The Impact of the prEor year adjustment 18 as fotlows: Decrease in Restrlcted Funds at 31 March 2024 '. £255,367 Increa8e in R8Stricl8d Funds at 31 March 2024 . £52,086 Increase in Unrestricted Funds al 31 March 2024 . £207,271 There Is no Impact on tolal frjnds or net movement In funds for the comparative or current year. The Trustees are satlsffied that thls adjustment provklas a more accuraie presontatlon of the charltys fund8. 13. Tanglbla Ametg Land & Property L•a8ohold Plant & Machlnery Motor Vohlcles Flxtur•s & Flttlngs Tolal Cost A8 at 1 April 2024 A8 al 31 March 2025 712,099 14,270 41.750 78,415 846,534 712,099 14,270 41.750 78N15 846.534 D•prndatlon As al 1 April 2024 Provlded durlng the perlod As at 31 March 2025 256,356 28,484 14,270 41.750 58,821 9,043 371,197 37,527 284,840 14.270 41.750 67,864 408.724 Not Book Value As at 31 M8rch 2025 427,259 10,551 437,810 As at 1 Aprll 2Q24 455,743 19,594 475.337 Page 17
Somervllle Youth & Play Provlslon Llmlted Notes to the Financial Stalements (continued) For The Year Ended 31 March 2025 14. Dobtors 2025 2024 a8 restated Dug wlthln one year Trade debtors other d8btors 2,707 10,234 19.279 10,582 12,941 29,861 15. Cr•dltors: Amounts Faillng Du• Wlthln On• Year 2025 2024 a8 restated Trade creditorn Taxation and soclal securlty Accruals and deferred Incomo 4,780 6,514 1,700 6,441 2,070 8,511 12,974 16. Panslon Commltrn•nts The charitsble company operates a defined contributlon pension scheme. The assets of Ihe scheme aro held separatsly from those of the charitable compary In an Independently administered fund. Durfng the yoar the charge to Ihe statemenl of finandal acliviti98 in respect of defined contributiDn schemes Yms £5.842 (2024: £7.071). Al the balance sheet date Ihe charfty had overpaid c(vrtTilxrtK)ns to the Scheme of £756 (2024 - £838). These are Included in olher debtors. 17. Movement In Funds AB at l Aprll 2024 Asat31 Expendltur¢ March 2025 Income Unrestrlcted funds General: General unrestrlcled fvnd Designated: Deslgnaled fijnd 5,215 156,381 (226.742) <65,146) 100,000 100.000 Total unrestrlclod lund8 105.215 156,381 (226.742) 34,854 Restricted funds Rastricted funds Endowmgnl funds Pennanent 16,7CM) (16,700) ..CONTINUED Page 18
Somerville Youth & Play Provision Limited Notes lo the Flnanclal Statements (continuod) For The Year Ended 31 March 2025 Endowment funds 455,743 (28,484) 427,259 Total funds 560,958 173.081 (271,926) 462,113 As at 1 April 2023 Asat31 Inme Expenditure Transfers March 2024 Unrestrlcted funds General: General Unrestriad fund De3ignated: Deslgnated fund (176.784) 170.465 (191,73n 203,271 5,215 100,000 100.000 Total unraslricted funds (76.784) 170.465 (191.737) 203,271 105,215 Restricted funds Restricled funds Endowment funds Pemianent: EndovKn8nt funds 255.3S7 80.3(KJ (80JOO) (255,357) 432.141 (28.484) 52,086 455,743 Total funds 610.714 250,765 (300,521) 560,958 18. TransaGtlons wlth Trustees None of the trustees received any remun8rati¢m or any olher benefits from an emplownent with the charlty or a related entity during the current or previous yea. No tnJ8te8 exp8nses have been incurred. 19. Related Party Dlsclosur88 There have been no related paty transactions in the reportlng period that require disclosure. 20. Excoptlonal It•ms During the year. an extraordlnary expense wrlte off of £24.IX)O has been recognlsed in relation to balancas brought forward from previous years whlch could nol be sthtantiated. Page 19