Company registration nurnber.. 06538537 Charity registration number: 1123602 Gedling Play Forum (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended i l March 2024 CommuIiity Accounting Plus Units l & 2 North West 41 Talbot Street Nottinu NGI 5GL
Gedling Play Forum Contents Reference and Adminlstrative Delails Trustees, Report 2to5 Independent Examine¢s Report Statement of Financial Activities 7t08 Balance Sheet Notes to the Financial Statements IOto20
Gedling Play Forum Reference and Administrative Details Trustees Rachael Ellis Denise Devonpot1 Lesley Rhodes Vernon Coaker Senior Management Team Anne Crosbie, C(Fordinator Charity Registration Number 1123602 Company Registration Number 065J85J7 Registered OlCe Wollaton Avenue Community Centre Wollaton Avenue Gedling Nottinghamshire NG4 4HX Independent Examiner John O'Brien. employee of Community Accounting Plus Units l & 2 North West 41 Talbot Sireet Nottingham NGI 5GL Page I
Gedling Play Forum Trustees, Report The trustee5, who are director5 for the PUTPOSe5 of company law. present the annual report together with the financial statements of the charitable company lor the year ended 31 March 2024. Trustees and officers The trustees and officers serving during the year and since the year end were as follows.. Tnte¢S.. Rachael Ellis Denise Devonport Lesley Rhodes Vernon Coaker Structure, governance and management Nature ofgoverning documenl The charity is a company limited by guarantee and regislered charity. It is operated under the rules of its memorandum and articles of associalion dated 1810312008. It h&$ no share capital and the liability of each member in the event of winding-up is limited to £1. Recruitmenl and appointment of Iruslees Gedling Play Forum recognises that an effective board of trustees is essential if the charity is to be successful in achieving its objects. The board recognises the need to be representative of its rnernbers. Committee members are voted in at the Annual General Meeting. Nomination Fonns are available to groups and individuals in current membership. Trustees are elected from" committee members. recomtnendations from committee members and from advertising. The trustees recognise that they may not have all the skills needed to take the charity fonvard, therefore the Trustees can appoint specialist advisors to the board to enhance the range of ski115 needed to run, improve and develop the charity. Objectives and activities Objeets and ain To advance through play, the education. recreation and social welfare of children and young people in the Borough of G¢dling and surrounding areas. Objectives, slrategias and aclivities By providing a wide range of volunleering opportunities we are able to= Run our Resources Centre. this houses- a well-stocked scrap Store, craft shop, office, drop in area with kitchen. meeting and workshop area and a memorial garden (opened Seplember 2021). We provide community play activities at communit), events throughout Gedling Borough. These restarted in a covid safe way in 2021. We provide skill sharing through workshops. We have housedlsupported local groups that support wellbeing and mental health, helping local residents coping with isolation. Page 2
Gedling Play Forum Trustees, Report Public benefil Gedling Play Forum provides a range of public benefits= It has been proven ihat play/recreational activities promotes mental and phvsical well-being for all ages. By providing a meeting space we support participants sense of belongin& improving their well-being. Meeting enables people to skill share, this infonnal training benefits the individual and the wider community. Supporting local manufacturers and companies by diverting their useable, non-toxic materials from landfill saves them funding and helps build a sense of community. These materials are made available to a wide range of groups and individuals for crealive play. The greater range of materials available helps support people with more complex needs. Through volunteering opportunilies w'e can supporl people's menlal health and well-being. The skills and experiences they bring to our forum benefits the wider community. Current volunteers include retired people, long temi unemployed people, those on M'ork experience and young volunteers. ages range from 15 to 90. The trustees confinn thal they have complied with the requiremenls of seciion 17 of the Charities Act 201 I to have due regard to the public benefil guidance published by the Charity Commission for England and Wales. Aehievements and performance Our services have continued to be in high demand over 23124. We once again delivered play activities for well over 20 events across Gedling Borough.. about the same as last year. These included events covered b}, our agreement with Gedling Borough Council as il'ell as events funded by other commlmity organisations. such as the Holiday Activity and Food scheme delivered with St George's Centre. Netherfield and two events funded by Calverton Parish Council. As w'ith the previous year. where capacity meant that we couldn't deliver the play event ourselves we support community group5 by providing activities that they could deliver themselves- beneficiaries of these supply only projects include Positively Empom'ered Kid5 CIC, Friends of Standhill Park and Friends of Valley Road Park. Our skill sharing workshops have proven very popular thi5 )'ear. T..0 more Sustainable Sewing Courses and several one-day workshops covering skills such as leather working. Kumihitno (Japanese braiding), and Rust Dyeing have all booked up within hours of being advertised. Offered free of charue, with a donation requested to cover refreshments, has made these workshops accessible to all which has helped breakdown social isolation. improved confidence and wellbeing and provided a safe place to meet and make T)ew friendships and connections. This is in addition to our running of a busy Resource Centre and Scrdpsiore servlng approximately 6,000 people, through individual and family memberships, childminders and oul-of school groups, Sch]s, uniforn] groups. community groups and churches. None of these activiiies would have been possible without Noitinghamshire Count), Council LCF funding.. our brilliant team of volunteers and Anne Crosbie, our dedicated Coordinaior. We would also like to acknowledge the additional funding and support received from Gedling Borough Council. Our funders: suppliers, donors and members are invaluable. without them the Scrap Store and Play Forurn wouldn't exist. We also cannot end this Trustees Annual Report without acknowledging the fabulous team of volunteers who enable Gedling Play Forum to run and deliver over 20 community. play events every year= giving an average of 650 hours a year each!
Gedling Play Forum Trustees, Report Financial review Our financial health continues to improve as we are flnding new ways to deliver services and increase sales. Our good working relationships with Gedling Borough Council. Nottinghamshire County Council and community partners are vital to develop and delivering services. Policy on reserves Our 2002 van is in desperate need of replacemenl. we have reserves towards the cost of this. The asset transfer process remains unsettle(L however we still have a full repairing lease in the meantime and will have a maintenance programme in operation once the transfer does complete" our reserves reflect this. We also aim to maintain l-yeavs running costs to support the charity in an increasingly uncertain financial environment for the third sector. Page 4
Gedling Play Forum Trustees. Report Statement of Respon5ibilitics The Iruslees (who arc alsu the direciors of Gedling Play Forum for ihe purposes of company law) are responsible for preparing the trustees. report and the financial statcmcnts in accordance with applicable law and United Kingdom Accounting Standards Iunitd Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ircland" Thc TCPOrt and ac¢ounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. CoTnpany law Tcquires ihc trustees to prepare financial statements for each fiTJancial year. Under company law thc trustccs must not approve the financial siatemenls unle&8 they are satisficd that they give a Irue and fair view of the state of affairs of Ihc charilablc cornpany and of the incoming resources and application of resources. incliiding it5 incomc and cxpcnditurc, of the charitable company for that periiKI. In prcparing these financial statcrncnts. the tnTStees are required to: select suitable accounting policies and apply them consislently- ob5erYe Ihe methods and principles in ihe Charities SORP- make judgements and estimates that are reasonable and prudent: stsle whether applicable accounling standards. comprising FRS 102 have been followed. subject to any malerial departures dI105¢d and explained in the financial statements. and prepare the financi81 statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The InleeS are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial posttion of the charitsble company and cnablc them to ensure that the financial statements comply with the Companies Act 2006. Thev are also Tcsponsible for safeguarding the assets of the charitablc company and hcncc for taking rcasonablc steps for the prevention and delection of fraud and other irregularittes. The trustees are responsible for the maintenance 2nd integrity of the corpoTate and financtal infonn8tion includcd on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may dlffer from legislation in other Jurisdi¢tions. Small companie$ provision statement This r¢port has been prepared in accordance with ihe small companies regime under the Companies Acl 2006. The annual report was approved by the trustees of tbe cbarity on is 2PZFdnd signed on its behalf by: Rachael Ellis TnEst¢e P2ge 5
Gedling Play Forum Independent Examiner's Report to the trustees of Gedling Play Forum ('the Company,) Independent examiner's report lo the trustees of Gedling Play Forum ('Ihe Company,) L report to the charity trustees on my examination olthe accounts of the company for the year ended 31 March 2024. 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 accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satlsfied myself that the accounts of the Company 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 accounts as carried out under section 145 of the Charities Aci 2011 ('the 2011 Act,). In carrying out iny examination I have follom'ed the 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 confirni that no matters have come to my attention in connection with the examination giving me cause to believe that in any vnaterial respect- accounting records were not kept in respect of the Company as required by section J86 of the 2006 Act- or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section )96 of the 2006 Act other than any requirement that the accounts give a 'true and faiv view which is not a matter considered as part of an independent examination- or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. John O'Brien MSC, FAIA, FCIE. employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL 1911212024 Page 6
Gedling Play Forum Statement of Financial Activities for the Year Ended 11 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2023 Unrestricted funds Restricted funds Total 2024 Note (As restated) Income and Endowments from: Donations and legacies Charitable activities Investment income 21,772 13.345 849 21,772 27,510 849 12,058 21,977 14,165 Total income 14,165 Expenditure on: Charitable activities {27,290} (14,872) (42.162) {J4,587) Total expenditure (27,?90) (14,872) (42,162) (J4,587) Net incomel(expenditure) Transfers between funds 8.676 2.500 (707) {2.500) 7,969 (548) Net movement in funds 11,176 (),207) 7,969 (548) Reconciliation of funds Total funds brought fonvard 51,686 6,171 57,857 58,405 Total funds carried forward 14 62,862 2,964 65,826 57,857 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in noie 14. The notes on pages l O to 20 form an integral part of these financial statements. Page 7
Gedling Play Forum Statement of Financial Activities for the Year Ended 11 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) These are the figures for the previous accounting period and are included for eomparative purposes Unrestricted Restricted Total funds funds 2023 Note Income and Endowmenls from: Donations and legacies Charitable activities Investment income 12,058 8,778 12,058 21,977 13.199 Total income 20,840 13,199 Expenditure on: Charitable activities (25,800) (8.787) (34,587) Total expenditure (25,800) (8,787) (34,587) Net (expenditure)lin¢ome Transfers between funds (4,960) i.229 4.412 (J.229) (548) Net movement in funds (1.731) (548) Reconciliation of funds Total funds brought fonvard 53,417 4,988 58,405 Total funds carried forward 14 51,686 6,171 57,857 The notes on pages l O to 20 form an integral part of these financial statements. Page 8
Gedling Play Fornm (Registration number: 06538537) Balance Sheet as at 31 March 2024 2Tr23 2024 Note (As restated) Fiied ItS Tangible &ssets 10 7.423 7.331 Current Sets ebtors Cash at bank and In hand 1,031 58.896 1,529 51,029 12 59.927 52,558 Creditors: Amounts failing due within one year 13 1.524 (2,032) Net turrent assets 58.403 Net assets 65.826 57,857 Funds of the tharity: Restricted ineome funds K¢strict¢d funds 14 2.964 6.171 Unrestricted inconie fuDds Unrestncted tunds 62.¥62 Total funds 14 65.826 57.857 For the financial ending 31 March 2024 the charity w&% entided to exemption from audit under section 477 of the Companies Act 2006 relating to small cornpanie5. Directors, responsibilities-. The members have not required the charity to obtsin 3n audit of its accounts for the year in question in iiiwrdanLC sKtivn 476. and The diiectois acknowledge thejr iesponsibilities for comptying the requiMthts of the Act with respect to accountmg recor(ts and the preparatson ot. acc4)unts. These financIal statements have been prepared m accordance the special provisions relatsng to companies subject to the stnall companies regilne within Pan 15 of the CoEnpanie5 ?006. The finsnci21 statements on pages 7 to 20 were 4¥)roved by the tn. gnd authonsed for issue on I%...2d signed on their behalf by". Lesley Rhodes Trusiee The notes on pages l O to 20 fom an inte1 part of th&se financial statements. Page 9
Gedling Play Forum Iyotes to the Financial Statements for the Year Ended 31 March 2024 l Accounting policie5 Sumtnary of significant accounting policies and key accounting estimates The principal accounting policie5 applied in the preparaiion of these financial statements are set out below. These policies have been con51Stently applied to all the years presente(L unless otherwise stated. Statement of compliance 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 Siandard applicable in the UK and Republic of Ireland {FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Gedling Play Forum meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or trdnsaciion value unless otherwise ststed in the relevant accounting policy notes. Going concern The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Exemption from preparing a cash flow slatelnent Under the exemption available io smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flo.$ ithin the financial statements. Income and endowments Voluntary income including donations. gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with s1¢ient reliability- Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance condilions are attached to the grnTJt and are yet to be met, the income is recognised as a liability and included on the balance sheet as defed income to be released. Gifts in A-ind The value to the Charity of donated goods sold is re¢ognised as income when sold. The proceeds of the sale are included in sales and activity fees. Page 10
Gedling Play Forum Iyotes to the Financial Statements for the Year Ended 31 March 2024 Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that agregate similar costs to ihat category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on ihe spread of staff costs. Choritable activilies 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. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exernpt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gain5 Act 1992, to the extent that such incom¢ or gain5 are applied ¢xclu5ively to charitable purposes. Tangible fixed asset5 Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to WTite off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset clas5 Computer equipment 0]ce equipment Motor vehicles General equipment Depreciation method and rate 20.0% straiJt line Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequentl}, measured at amortised cost using the effective interest method, less provision for impairnient. A provision for the irnpainnent of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original ternis of the receivables. Cash and cash equivalents Cash and cash equivalents comprtse cash on hand and call deposits. and other short-term highly liquid investrnentS that are readil). convertible to a known amount of cash and are subject to an insignificant risk of change in value. Pagell
Gedling Play Forum Iyotes to the Financial Statements for the Year Ended 31 March 2024 Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific Purposes at the discretion of the trustees. Restricted income funds are those grants for use in a particular area or for Specific purposes, the use of which is restricted to that area or purpose. 2 Income from donations and legaeies Unrestricted funds General Total 2024 Total 2023 Grants. including capital grants; Govemment grants Grants from other charities Grants from companies Other income from donations and legacies 17.068 4.181 17,068 4,181 10,881 1,000 177 523 523 21,772 21,772 12,058 Page 12
Gedling Play Forum Iyotes to the Financial Statements for the Year Ended 31 March 2024 3 Income from charitable activities Unrestrieted funds General Restrieted funds Total 2024 Total 2023 £ (As restated) 13,199 6,690 2,088 Grants & donations Sales and activity fees Memberships 14,165 14,165 11,858 1,487 11,858 1.487 14,165 27,510 21,977 4 Grants & donations Unrestricted funds Restricted funds Total Nottinghamshire Coiinty Council Gedling Borough Council Sundry grants & donaiions Broxtowe Play Forum 17.068 1,550 12.005 610 18,618 1.133 4.181 4,181 21,77? 14,165 5 Investment income Unrestricted funds General Total 2024 Total 2023 Interest receivable and similar income; Interest receivable on bank deposits 849 849 Page IJ
Gedling Play Forum Iyotes to the Financial Statements for the Year Ended 31 March 2024 6 Expenditure on charitable activitie5 Unrestrieted funds General Restrieted funds Total 2024 Total 2023 Bank charges Building maintenance Computer costs Equipment Insurances {incl van insurance) Materials & activities Payroll service Printing, siaiionery & postage Legal & professional Wages, Nl & pension Sundry Telephone & internet Utilities Van rnnning costs Volunteer expenses Depreciation Premises maintenance 84 3,851 120 559 1,604 84 3,851 120 81 64 1,081 1,428 366 172 238 1,231 16,728 13 428 ,648 1.604 829 485 198 1271 7,951 16 2,628 9,841 15 214 3.899 17.792 15 445 445 6,194 2,058 6,194 2,058 442 5,380 1,139 506 2,408 2.408 2,064 27,290 14.872 42,162 34,587 7 Net incominwoutgoing resources Net incomin{outg0ing} resources for the year include= 2024 2023 Depreciation of fixed assets 2,408 2,0(A Page 14
Gedling Play Forum Iyotes to the Financial Statements for the Year Ended 31 March 2024 8 Staff costs The aggregate payroll costs were as folloivs- 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Pension costs 17,565 15,850 657 221 227 17,792 16,728 The monthly average number of persons (including senior management team) employed by the charity during the y.ear w'as as follows= 2024 2023 Average no. of emplovees 1 (2023 - 1) of the above employees participated in the Defmed Contribution Pension Schemes. Contributions to the employee pension 5cheme5 for the year totalled £227 (2023 - £221). No employee received emoluments of tnore than £60,000 during the year. The total employee benefits of the key management personnel of the charity were £14,695 (2023 - £14,495). 9 Related party transactions There were no related party transactions in the year. Page 15
Gedling Play Forum Iyotes to the Financial Statements for the Year Ended 31 March 2024 10 Tangible fixed a55ets 0]ce equipment Computer equipment General equipment Motor vehicles Total Cost At l April 2023 Additions 10,857 8,225 ,519 8.328 ?.500 28,929 2,500 At il March 2024 10,857 ,519 10,828 Depreciation At l April 202J Charge for the year 8.225 1.519 8,228 600 21,598 2,408 1,808 At 31 March 2024 5,434 8.?25 .519 8.828 24,006 Net book value At 31 March 2024 5,42) 2,000 7.423 At J l March 202J 7,231 loo 7,331 11 Debtors 2024 2023 Trade debtors Prepayments Other debtors 208 823 1,272 257 1,031 1,529 12 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 58.896 51,027 58,896 51,029 Page 16
Gedling Play Forum Iyotes to the Financial Statements for the Year Ended 31 March 2024 13 Creditors: atnounts falling due within one year 2024 2023 Other creditors Accruals 912 612 994 1,038 1,524 2,032 14 Funds Balance at I April 2023 Balance at 31 March 2024 Incoming resources Resources expended (As restated) Transfers Unrestricted funds General General Fund 41.670 {27,290) 2,500 52,846 Designaled Van Replacement Premises Repairs 5,340 4.676 5,340 4,676 10,016 10,016 Total unrestricted funds 51.686 35,966 (27,290) 2,500 62,862 Restricted funds Community Play Activittes Uniform Tech Inter-Generational Play Strengthen Communities Van Replacement Workshops 5.000 (6,500) 573 241 241 402 (250) (300) (5.000) 152 300 600 5.000 550 550 1,148 (2.822) (2,500) Total restricted funds 6.171 14,165 (14,872) (2,500) 2,964 Total funds 57,857 (42,162) 65,826 Page 17
Gedling Play Forum Iyotes to the Financial Statements for the Year Ended 31 March 2024 The specific purposes for which the funds are to be applied are as folloivs: The Community Play Activities Fund is restricted funding for delivering play events over the year. The Uniforni fund is restricted to purchase nem. uniforni when required. The Tech fund is to replace our old photocopierlscanner/printer. purchase additional laptops and to upgrade our website. Inter-Generational Play is to provide family play activities in a number of the local villages. Strengthen Communities is aivarded to support capacity building and resilience development once the Asset Transfer process is completed. Includes training for compliance with legal requirements and building management and training opportunities for volunteers. Van Replacement is to replace our ?002 regislered van. Aiming for an electric vehicle. Workshops is to deliver skill sharing workshops across the boroutsh of Gedling. The transfer from the Workshops fund to the General fund represents the net book value of fixed assets, the use of which is not subject to any restriction. Balance at 31 March 2023 £(As restated) Balance ai I April 2022 Incoming resourees Resources expended Transfers Unrestricted funds General General Fund 43.401 20,840 (25,800) 3,229 41,670 Designaled Van Replacement Premises Repairs 5,340 4,676 4.676 10,016 10,016 Total unrestricted funds 20,840 {25,800) 3.229 51,686 Restricted Community Play Activities Uniform Tech Workshops 4,747 241 5,500 (8,174) 2,073 241 402 i,455 4,244 (613) (),229) Total restricted funds 4.988 (8,787) (J,229) 6,171 Total funds 58,405 ()4,587) 57,857 Page 18
Gedling Play Forum Iyotes to the Financial Statements for the Year Ended 31 March 2024 15 Fees payable to independent examiner During the period, the fees payable (excluding VAT) to the charity's independent exarniner Community Accounting Plus are analj'sed as folloii's= 2024 2023 Independent examination Other financial services 760 516 364 1,276 994 16 Taxation The charity is a registered charity and is therefore exempt from Lqxation. 17 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 18 Analysis of net a55ets between funds Unrestricted 2024 Total funds General Designated Restricted Tangible fixed assets Current assets Current liabilities 7.423 46,947 (1.524) 7,423 59,927 (1.524) 10.016 2,964 Total net assets 52.846 10,016 2,964 65,826 Unrestricted 2023 Total funds General Designated Restricted (As restated) 7,331 52,558 (2,032) Tangible fixed assets Current assets Current liabilities 10.016 6,171 (2.032) Total net assets 41,670 10,016 6,171 57,857 Page 19
Gedling Play Forum Iyotes to the Financial Statements for the Year Ended 31 March 2024 19 Charity status The charity is a company limited by guardntee and consequentl! does not have share capital. Each of the trustees is liable to contribute an atnount not exceeding £1 to..ardS the assets of the charity in the event of liquidation. 20 Benefils in kind Gedling Homes provide the use of 2 garages rent free (£8?4. 202): £8?4)' Gedling Borough Council let the Play Forutn have the premises for 12 tnonths free rent on a Tolling ba515 Wlth the Forum responsible for repairs (£8,000. 202) £8,000): Gedling Borough Council gave a full rates rebate (£? 745. 202J.' £? 745)- Gedling Borough Council seTrices for w'ater checks and sterilisation of healers & lanks (£410, 202J £J94). Page 20