COMPANY REGISTRATION NUMBER.. 06826731 CHARifY REGISTRATION NUMBER.. 1128629 Fairplay Company Limited by Guarantee Financial Statements 31 March 2024 MCABA Limiled Va Mitchells Chartered a¢¢ounlants & statutory auditor 91-97 Saltergate Chesterfield Derbyshire S40 1LA
Fairplay Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Pag• Trustees. annual report {incorporating the directorfs report) Independent auditorfs report to the members 10 Stslement of financial activities (including income and expenditure account) 14 ststement of financial positi'on 15 Stslement ol cash flows Notes lo the financial statements 17
Fairplay Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Directorfs Report) Year ended 31 March 2024 The Iruslees. who are also the directors for the purposes of ¢(Nnpany law. Psent their report and the financial stslements of the charty for the year ended 31 March 2024. Reference and administrative details Registered charlty name Fairplay Charfty roglstratlon numbor 1128629 Company rngistration number 06826731 Principal office and registOr Alexandra Road West offlc• Cheslerfidd Oerbyshire S40 1NP Tho trustOOS Peter Barr Aaron P3uk Mary 8ond Angela Crossky-Holland Martin Goacher Ali50n Gregory Dawn Hawkins Angela Shepherd Jean Shepherd Sharon Davi$ Melissa Mercuri Andrew Bell Andrew Newton (Resigned 28 April 20231 Treasurer Vice-chair Chair {Appoinled 26 September 20231 (Appointed 28 September 20231 Chlgf •xocutlve offlcer Heather Fawbert Company socretary Dawn Ha%*ins Auditor MCABA Limrted Ua Mitchells Chartered Aountsnts & Statutory Audilor 91-97 Sattergate Chesterfidd Derbyshi S40 1LA Bankors Unity Trust Bank PIC 4 Brindley Place Birmingham B1 2JB
Fairplay Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢Onllnu8d) Year ended 31 March 2024 Structure. gov•rnan¢• and manag¢m•nt a. Consts'tution The organisation is a company limited by guarantee arKI was incorporated on 23 February 2009 and gained charitsble status on 18 March 2009. The charty is govemed by rts Memorandum and Articles of Association. There have been no amendments since incorporab'on. b. Methods of appointment or election of trustees The Iruslees are voted onto the commttee al each annual general meeting. Each year a third of the board of trustees musl retire using a yearly rotstion of the longest serving members. They may then be re-elected. The lotsl number of places on the Committee is ts¥elve. All Fairplay members are eligible to vole either as an individual or organisalion. The Iwstees meet every $ix to eight weeks and have overall responsibility for the organisabon's system$, procedures and controls, financial or otherwise. c. Policies odopled for the irKluetion and training of Iruslees The directors seek lo maintsin a suitable balance of skills and intefeslg among Ihoge Serving on the board and may. recruit or ccwpt new members if a retirement call or a skill shortfall requires action. Subject to the maximum number allowed, new directors receive online training and a face-to-face induction meeting with the Chief Executive. d. Organisallonal structure and decision making 1. The charity anfj ils propety shall be manage(1 and administered by a commrttee comprising the officers and other members elected in accordance wilh the constitution. The officers and other members of the committee shall be trustees of the charty and in the constitution are tO9ether called the trustees" 2. The Iruslees will consist of no more than e1Ve voting members in total. 3. The Iw$lees Shall meet at least every eight weeks. 4. The organisation is managed by the Chief Executive who has overall responsibility for the smooth running of Fairplay. A management report covering both strategic and operational issues is submitted lo the Irusteeg al the board meets"ng. The Chief Executive lakes spOnSIbl1 for monrtoring and evaluating conlracls and projects as well as responsibility for risk assessments and health and safety. Fairplay's Senior Finance Officer lakes overall responsibility for the day-to-day accounting and payroll for the organisalion. The Senior Finance OfficeT and Treasurer prepare the annual budge15 and financial reports for the Irusleelboard meetings and the annual general meeting.
Fairplay Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢Onllnu8d) Year ended 31 March 2024 Structure. gov•rnan¢• and manag¢m•nt {¢OnllDu8ffj e. Staff team and volunteers The core staff are contracted wth 6 Itime (37 hours) employees and 11 ranging from 10 hours lo 34 hours per week. Non<ore stsff ¢ontra¢ts range from 6 hours to fvlktime. Sessional workers are effectively on zero•hours contracts and work from 3 hours per week upwards. 78 staff were employed at 31 March 2024. The working week is very flexible due lo the organisats"on's acb"vrties wrth many staff working evenings and weekends. Fairplay provides services from a purposfrbuili centre in Chesterfield and welcomes members living in the Chesterfield, 801sover. North East Derbyshire. Hwh Peak and Derbyshire Dale5. The core staff team are based in the organisation's purpose-buili centre and the adjacent DCAS Centre ich is leased from Derbyshire County Council. Fairplay strives to provide good quality facilrties and activits'es for families wth the support of well.trained 51aff and volunteers. When a referral is made, a membership form is completed to determine the needs ol each child and how best they can be Supported. Families are invited lo visit the centre to see the excellent facilities and meet with the Mordinalor. During 2023124 Fairplay trained and $upporte<l 27 volunteers. Fairplay aims lo make volunteering a positive and rewarding experience. f. Pay ptslicy for key management personnel Fairplay uses grading tables grades O-7 for contracted staff. Management grades are 1-8. This grading system was used by the NHS who initially operated Fairplay's payroll wlh adjuslmenls lo the grading tables only when the board agree to a cost of living pay rise.
Fairplay Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢Onllnu8d) Year ended 31 March 2024 Oblectives and a¢t1vi•S a. Policies and objectives The objectives of the charity are.. - 1. To provide the necessary facilibes forthe care, recreation and education of children and young people th special needs and their careers and siblings. 2. To develop mediation and advocacy services for such persons are in need of them. 3. To promote for the benefit of the inhabitsnls of Chesterfield and the surrounding area, the provision ol facilities for the education and reea"on. or other leisure b.me occupation of Individuals who have need of such fa¢ilrties. by reason of their youth. age. infimty or disablement. financial hardship or social and economic ¢ir¢umstances, or for the public at large in the interests of $ocial welfare and with the object of improving the condition of lrfe of the said inhabitants. The acliviliey and services that Fairplay provide in North Derbyshire I as follows.. 1. Holiday play Schemes for children aged &12 years 2. Groups for young people aged 12-30 years 3. Holiday acts'vity days lor young people aged 12-30 years 4. Parent support groupslopportunthes 5. Home based support service for Children wth lrftrlimrting condrtions 6. Family trips 7. Under S's Group 8. Independent Living Group 18-30 years, ¢on$isting of S¢art, Moving Forward & Enterprise 9. Short breaks at Lea Green Learning and Development Centre in Matl¢xk 10. Independent Living Group plus 11. 1.-1 Care 12. Overnight Support for children and young persons wth complex needs 13. Derbyshire Information, Advi¢e an¢J Support Service Managemenl Group 14. Employment support in the Fairplay Gift Emporium 15. Siblings group 16. Neurodiverse Suppcrt Hubs When young people reach the age 0124, they wll be fully supported to find and access suitable services once they leave Fairplay. In setting objectives and planning for activrties. the trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefit, including the guidance 'Public benefit". running a charity IPB21'.
Fairplay Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢Onllnu8d) Year ended 31 March 2024 Achlev•ments and p•rfomianc• a. Review of activities During the year Fairplay has Worked with approximately 300 families who live in North Derbyshire and surrounding areas. The membership consists of Children and young people aged O to 30 years Idependenl on circumslancesl. Fairplay also works wrth volunteers aged 14 plus whts are recruited from local secondary $chools and ¢ollege$. They are offered inib'al volunteer training. which is backed up wth additional training when available. Each famity pays a yearly membership of £24 to help cover the cost of initial set.up and renewing records of existing members. Renewng the membership on a yearly ba51S alltsws the organisalion lo renew ils data base and lo ensure mailings are only sent to families who still require the service. Fairplay is proud to work in partnership with many organisations. Currently the chief executive is involved with MyPlace Netsvork. This further enables Fairplay to be prominent in raising awareness of children and young people with disabilities at a national level. For many years Fairplay has worked closely with the l¢¢al communrty through ils work in schools and Colleges and rts links with the local voluntary sector. Our services are usualty splf( into age groups starting vAlh family support and pre-s¢hool acty'vilies for the under 5's and play s¢heme$ for 5-12-year-olds. After the age of 12 there are a variety of projects for young people including youth clubs, girls. night and Saturday Social. For young people aged 18-30 year5 there is the Independent Living Project that meets weekdays using the DCAS Centre ladjacent to the main Fairplay building) as a base lo go off and do many exciting aclivilies. The Independent Living Group Plus offers support to young people with complex heatth care needs. Fairplay brings lots of children and young people together and enables them to take part in a wide variety of ath'vilies alongside their friends and peers. A safe supportive environment is created where young people Can try out many exciting activities designed lo increase confidence and $etf*steem. Young People's Group The Young People's Group is for young people aged 12-30 years (although new members aged 25 or over are not accepted, existing members can remain in the group until they reach the a9e of 301. The groups remain very popular an ever-increasing membership. The aelivrties that have been made available lo the young people are". Girls, night Inters club (aged 12-16 years) Chesterfield Youth Club Saturday Social Club Children's Schemes All schemes for children aged &12 years, including holiday play schemes and Saturday Club are well attended with an emphasis on getting active and trips out to a variety of places. Young people aged 12- 25130 year5 are invited to join the youth groups at the Fairplay Centre. Lea Green Learning and Development Centre Weekend trips to Lea Green provide young people wth Ihe oppcwlunity to spend time in a different environment, away from home.
Fairplay Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢Onllnu8d) Year ended 31 March 2024 A¢hlev•ments and p•rfomian¢• (conthu¢dJ Home Based Support and Continuing Care Fairplay, in conjunction with the Clinical Commissioning Groups and Chesterfield Royal Hospital NHS Foundation Trust, provide5 a Home Based Support Service for children and young people with complex health needs. This support Is offered to the family in the house or out in the communty. Support is a15tr offered for those children ovemight al the lulty equipped Fairplay Centre. The Home-Based Support Service also provides its members wth the opportunity to meet all together once a month at the Fairplay Centre. In all. 10 children and young peop CUentlY receive support from this service. Fairplay has been able lo offer the sibling$ of Home-Based Support children the opportunity to lake part in trips out throughout the year. The group have enjoyed many trips and also took part in a residential to the seaside. Parent Support Groups Throughout 2023124 Fairplay continued prov19 infomiation and support lo families on a wde variety of subjects that matter lo them. Fairplay Gift Emporium The Fairplay Gift Emporium gives our members aged 18+ the opportunity lo gain valuable work expenence. However. the operation of the emporium was affected by the COVID-19 pandemic. which restricted opening hours. From April 2023 the Gift Emporium was relocated lo the Fairplay cenlre. Impact of Cov119 Vvhilsl the impact of the COVID-19 pandemic has now generally receded, we remain vigilant to any changes in the current posrtion in order lo ensure that all of the children and young people who use our services are prolecled, particularly the MO vulnerable and those who are unvaccinated. Fairplay's activity level$ are now back to nornial. A $ignificont impact ol the pandemic wa$ the reduction in fundraising activities, but these have returned to pre&Covid levels or above and events such a5 Birkfesl and the'30k in a Oay" hike are able to take place as normal.
Fairplay Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢Onllnu8d) Year ended 31 March 2024 Flnan¢lal r•vlew a. Results for the year Total income for the year ended 31 March 2024 was £1,687,152 12023,. £1,467.3491 and lolal expenditure was £1,600.81812023." £1,326,164). resvlling in a surplus of £86.33412023." £141,185). The lolal of unrestri¢te¢J reserves as al 31 March 2024 is £2,355,52012023'. £2,264,081) and the total of restricted reserves at that date is £11,39812023.' £16,504). Free reserves as at 31 March 2024 lafter deducting the net book value of tangible fixed as5etsl were £938,87212023. £831,421). b. Principal funding Funding secured for the year ended 31 March 2024.. NHS North Derbyshire CCG- primarily Young People's Group and Home•Based Suppc*rt funding,. NHS and Derbyshire Autism Services- Neurodiverse Hub., Children In Need., Fee income. Income ftom donation$ and fundraising evenl$ c. Reserve$ policy The Iruslees, policy is to hold reserves equal to six months running costs plus provision for potential redundancy Costs in the event of ckssure. vthi¢h al 31 March 2024 are considered to amount lo £947,712 12023.. £824,258). In the current funding environment, the trustees consider it prudent to aim to hold reserves at this level to enable Fairplay to continue to offer its services for at least six months following any unforeseen loss of funding or disaster. Al 31 March 2024 ftee reserves were marginally below thig level. The Iruslees will conbnue to seek lo maintain a level of free reseNes in future periods that will ensure that the reserves policy continues lo be successfvlty mel. d. Going concern After making appropriate enquiries and preparing financial forecasts, the trustees have a reasonable expectslion that the charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of Ihe going wncern basi$ can be found in the accounting policies. e. Principal risks and uncertaints"e$ The trustees have conducted a review of the mapr risks to which the charity is exposed. A risk register has been established which is regularly updated. Appropriate systems or procedures have been established to mitigate the risks the charity faces. Fairplay is inspected by Derbyshire County Counal and the Care Quality Commission. thereby providing addrtional assurance that our 5ervice5 are well maintained and meet require<1 stsndards. Our CQC rating during this a¢Unng penod was'good,. Independent advice has been outsourced for some of the charity's services including HR advice and pension advice to minimise the risk of claims against Ihe organisats'on. Insurance cover is reviewed on a yearly basis and cover extended where needed.
Fairplay Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢Onllnu8d) Year ended 31 March 2024 Plans for futur• porl)ds Fairplay plans to continue to offer all of its current services. The ovemight weekend provision is continuing on a monthly basis at Lea Green Leaming and Development Centre. Other future developments include." Development of seNices for young people aged 1&30 through the Independent Living Group IILGI,. Expanding the training opportunities for office staff.. Creating new resources lor use in training and for parents and vdunleers., Development of new income streams., Increase the services of the Independent Living Group Plus., Stren9then links with national organisations i.e. UK Youth.. Strengthen links with local tsJ$inesses', Information on lundraising Pfactices. Develop the Neurodiverse Hub Fairplay ha$ a currènt fundraising policy and a copy is availab from the registèred officè. Fairplay do not engage in door-lTrdoor lundraising. Members of the public are not approached bul are invited lo donate via signage for each event. There have been no complaints received regarding Fairplay's fundraising activities or practices during the year. Fundraisers extemal to Fairplay receive an acknowledgement and receipt for money raised. Tru$to0s' ro$pon$ibilltiO9 $tatsm•nt The trustees, are also directors forthe purposes of company law, are responsible for preparing the Iruslees, report and the financial statements in accordance with applicable law and Unrted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practs'cel. Company law require5 the charTty trustees lo wepare financial Statements for each year which give a true and fair view of the slate of affairs of the charitable ¢ompany and the incoming resources and application of resources. including the income and expendrture. for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting poliues and then apply them consistently., observe the methods and principles in the applicable Charth"es SORP", make judgments and accounting estimates that are reasonable and prudent,. prepare the financial statements on the going con¢em basis unless il is inapproprie lo presume that the charity wll continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient 10 Show and explain the charty's transactions and dis¢lose with asOnable a¢¢ura¢y at any lime the financial position of the charity and enable them to ensure Ihat the financial statements comply with the Companies Act 2006. They are also respc*nsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irfe9ularf(ies.
Fairplay Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢Onllnu8d) Year ended 31 March 2024 Audltor Each of the persons who is a trustee at the date of approval of this report confirms that.. so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware., and they have taken all steps that they ought lo have taken as a trustee lo make themselves aware of any relevant audrt information and lo establish thatthe charity's auditor is aware of that information. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entiued to the Small companies exemption. The trustees, annual report was approved on board gf tru$lee$ by.. and signed on behaK of the Aaron Pauk Trustee Angela Shepherd Trustee
Fairplay Company Limited by Guarantee Independent Auditorfs Report to the Members of Fairplay Year ended 31 March 2024 Oplnlon We have audited the financial statements of Faifplay (the 'charity'l for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure accountl, slalemenl of financial position. statement of cash flows and the related note5, including a summary of significant accounting policies. The financial repothng framework that has been applied in their preparation is applicable law and Unrted Kingdom A¢counting Standards. in¢luding FRS 102 The Financial Reporting Standard appli¢able in the UK and Republi¢ ot Ireland (United Kingdom Generally Accepted Accounting Practicel. In our opinion the financial stslements". give a true and fair view of the stsle of the eharty's affairs as at 31 March 2024 and of ils incoming resources and application of sOUrCes. including rts income and expenditure, for the year then ended., have been properly prepared in accordance wth Unrte(l Kingdom Generally Accepted Accounting Practice., have been prepared in accordance with the requ¥ements of the Companies Act 2006. Ba$ls for oplnlon We conducted our audit in accordance wth International Slandards on Auditing IUKI IISAS IUKII and applicable law. Our re$ponsibilitie$ under those $tandards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance wlh the ethical requirements that are relevant lo our audit of the financial slalemenls In the UK, includin9 the FRC'S Ethical Stsndard. and we have fulfilled our other ethical responsibilitie$ in ac¢ordan¢e with these requirements. We believe that the audrt evidence we have obtained is $uffi¢ienl and appropriate lo provide a ba$1$ lor our opinion. Concluslons rolatlng to golng concem In auditing the financial slatemenls, we have concluded that tr* trustees, use ofthe going coneern basis of accounting in the preparabon ol the financial ststemenls is appropriate. Based on the work we have perfomied, we have not identr'ffied any material uncertainties relating to events or conditions that, individually or collectively. may cast signrficant doubt on the charity's abilrty to continue as a going concern for a period of al least Iwelve months from when the financial stalemenly are aulhorised for issue. Our responsibilrties and the responsibilities of the trustees respecl lo going concern are described in the relevant sections of this report. 10-
Fairplay Company Limited by Guarantee Independent Auditorfs Report to the Members of Fairplay (¢onUnu8dJ Year ended 31 March 2024 Other Infomiatlon The other information comprises the infomiation included in the annual report. other than the financial statements and our audf(or's report thereon. The trustees are responsible for the other information. Our opinion on the financial 5ts1emenls does not cover the other infomiation and, except lo the extent otherwise explicitly slated in our report. we do not express any form of assurance conclusion thereon. In ¢onne¢lion wf(h our audr( of the financial statements, our responsibility 1$ to read the other information and, in doing so, consider whether the other infomiation is materially inconsistent wth the financial slalements or our knO¥edge obtained in the audil or otheThwse appears to be materially misstated. If we Identify such malenal inconsistencies or apparent malenal misstslemenls. we are required lo determine whether there is a material misstatement in Ihe financial statements or a material misstatement of the other infom)ation. If, based on the work have perfomied, we conclude that there is a material mis$tatemenl of this other infom1ati¢. we are required to report that fact. We have nothing lo report in this regard. Oplnlons on other matters pros¢11b by th• Companl•s Act 2006 In our opinion, ba$e<l on the work undertaken in Ihe r$e of Ihe audit.. the information given in the trustees. report for the financial year for which the financial $tstements are prepared is consistent wlh the financial statements., and the Iru$lees' report has been Prepared in accordance applicable legal requirements. Mattèrn on which wo •r• roquirod to r•port by oxceptlon In the light of the knowledge and understsnding oflhe charity and its environment obtained in the course of the audit, we have not itjenlified material misstalemenls in the Iru$tees' POrt. We have nothing to report in respect of the following matters in relat to which the Companies Act 2006 requires us lo report to you rf, in our opinion= adequate a¢counling re¢ords have not been kept, or retums adequate for our audit have not been received from branches not visited by us". or the financial stslements are not in agreement wth the accounting records and retums". or certain disclosures of trustees. remunerats'on specffied by law are not made,. or we have not received all the infomiation and explanations we qUIre for our audit.. or the trustees were not entiued to prepare the financial statements in accordance wrth the small companies regime and take advantage of the small companies. exemptions in preparing the directors, report and from the requirement lo prepare a strategic report. 11
Fairplay Company Limited by Guarantee Independent Auditorfs Report to the Members of Fairplay (¢onUnu8dJ Year ended 31 March 2024 R•spon$ibllltl•s of trust••s As explained more fully in the trustees. responsibilities statement, the trustees (who are also the directors for the purposes of company lawl are responsible forthe preparation ol the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the Iru51ees determine Is necessary lo enable the preparation of financial slalemenls that are free from matenal misstslement. whether due lo fraud or error. In preparing the financial statements, the trustees are responsible lor assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of a¢¢ounling unless the trustees ether intend to liquidate the charty tsr lo cease operations, or have no realistic attemalive but to do so. Auditorfs responsibilities for the audit of th• financial ststsments Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from malenal Tnisstslemenl. Ythether due lo fraud or error. and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit ¢onducled in accordance with ISAS {UKI will aayS dele¢t a malerial mis$lalemenl when rt exi$l$. Mis$tslement$ ¢an arise from fraud or error and a wnsided material if, individually or in the aggregate, they could reasonably be expected to influence ihe economic decisions of users taken on the basis of these financial stslemenls. Irregularities. including fraud. are instsnces of non-compliance wth laws and Tegulations. We design procedure$ in line with our responsibilities, outlined above, to dele¢l material misstatements in respect of irregularities, including fraud. The extenl lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. Audito¢$ r•spon$ibiliti•s for d•ts¢ting Irr•gulariti••. Includlng fraud The obje¢tives of our audit are.. lo identify and a$sess the risks of material mi$$talement of the financial statements due to fraud or error,. to obtain Sufflent appropriate audit evidence regarding the assessed risks ol material misslatemenl due to fraud or error., and to respond appropriately to those risks. Owing lo the inherent limitslions of an audit, there is an unavoidable risk that material misslalemenls in the financial statements may not be detected. even though the audit is propedy planned and perfomied in aOrdance with the ISAS IUKI. In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following.. We obtsined an understsnding of the legal and regulatory frameworks applicable to the company and the sector in which they operate. We detemiined that the followng laws and regulations were most significant,. the Charits'es SORP IFRS 1021 issued in October 2019, the Companies Act 2006, the Charities Act 2011, UK corporate taxation law, employment law and health and safety legislation. We obtained an understsnding of how the company is comptying Yh those legal and regulatory frameworks by making inquiries to relevant members of the management team. We corroborated our inquiries though our review and inquiry into legal fees incurred in the year. 12-
Fairplay Company Limited by Guarantee Independent Auditorfs Report to the Members of Fairplay (¢onUnu8dJ Year ended 31 March 2024 We assessed the susceplibilty of the company's financial statements to material misstatement, including how fraud might occur. Audit predureS perfom)ed by the engagement team included.. Identifying the controls management has in place to prevent and detect fraud and assessing the operation of these controls Understanding how those charged with govemance considered and addressed the potential for override of controls or other inappropciale influence over the financial reporting process Identifying and testing joumal entries. in particular any joumal entn'es that were large or unusual in nature - Assessing the exlenl ofcompliance with the relevant laws and regulations governing the company and the sector il operates wthin. This included a review ol any polenlial breaches during and since the year end,. and Challenging assumptions and judgements made by management in its significant accounting eslimales. There are inherent limitations in the audri PredureS described above and the further removed non- compliance with laws and regulations is from the events and transactions reflected in the financial 51alements the less likely we would become aware of rt. The risk of not detecting a material misslalemenl due lo fraud is higher than the nsk of not detecting one resulting from error as fraud may involve deliberate concealment by, lor example. forgery. intentional misfepresentsts.ons collusion. A further description of our re$pon$ibilrtie$ for the audit of the financial statements is located on the Financial Reporb'ng Council's website at www.frc.org.uklauditorsresponsits.litie5. This description form¥ part of our auditor's report. U8• of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permrtted by law. we do not accept or assume responsibility lo anyone other than the charity and the charity's members as a body. for our audit worf(. for this report, or for the opinions we have formed. Andrew McDaid BFP FCA (Senior Stslutory Auditoil For and on behalf of MCABA Limited Va Mitchells Chartered Accountants & Statutory Auditor 91-97 Sallergate Chesterfield Derbyshire S40 1LA Date". 13-
Fairplay Company Limited by Guarantee Statement of Financial Activities (Including income and expenditu a¢¢ount) Year ended 31 March 2024 2024 Restricted fun¢Ys Totsl lund$ Total funds 2023 Unrestricted funds Incom8 and •ndowYnents Donations and legacies Charitable activities Other trading activities Investment income Other income 29.613 1,485.921 26.561 1.394 23.087 120,576 150,189 1.485,921 26.561 1,394 23,087 200,024 1,248,912 14,101 4,312 Total incomg 1.566.576 120,576 1.687,152 1,467,349 Expenditurn Expenditure on raising funds.. Costs of raising funds Expenditure on charitable activities Total expendlture 10 11,12 4.038 1,470.256 4.038 1.596,780 3,259 1,322,905 126,524 1.474.294 126,524 1,600.818 1,326,164 Not Income 92.282 15,9481 86,334 141,185 Transfers between funds 1842} Net movemont In funds 91.440 {5.106) 86,334 141,185 Roconclllatlon of funds Total funds brought forward Total funds carriod forward 2,264,081 16,504 2.280,585 2,139,400 2.355.521 11,398 2.366.919 2,280,585 The ststemenl of financial activities includes all gains antj losses recognised in the year. All income and expenditure derive from continuing acts'vrties. The nots8 on pages 17 to 30 fom) part of these financlal statements. 14-
Fairplay Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixèd assgts Tangible fixed assets 18 1.416,648 1,432,660 CurTent *$$•ts Stocks Debtors Cash at bank and in hand 19 20 928 173,006 875,123 1,110 153,040 821,515 1,049,057 975,665 Cr•dltors'. amounts lalllng du• wSthln on• yoar Net current as$•ts 21 98,786 127,740 847,925 950.271 Total a•••ts l••• ¢urr•nt Ilabllltlos 2.366.919 2.280,585 2,280,585 Net assets 2,386,919 Funds of tho charfty Restricted funds Unreslricled funds 11.398 2,355.521 16,504 2,264,081 2,280,585 Total charlty funds 2,386,919 These financial statements have been prepared in accordance with the provisions applicable lo companies subject lo the smo11 companies. regime. These financial stslements were approved by the board of trustees and aulhorised for issue on and are signed on behalf of the board by.. Aaron Pauk Trustee Angela Shepherd Trustee The nots8 on pages 17 to 30 fom) part of these financlal statements. 15-
Fairplay Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operating activities Nel income 86,334 141,185 Adjustments for. Depreciation of tsngible fixed assets Other interest receivable and similar income Loss on disposal of tangible fixed assets 25.714 11.3941 25,913 123 Changes in.. Stocks Trade and other debtors Trade and other creditors 182 119.9661 128.9541 1,568 115,7741 14,9181 148,097 Cash 9enerated from operations 61,918 Interest received 1,394 63,312 Net cash from operating acts"vilie$ 148,097 Cash flow¥ from Invg8ling a¢llville$ Purchase of tangible assets Nel cash used in investsng acbvrties 19.7041 19.7041 16,6931 16,6931 Net Incroa80 In cash and ¢ash equlval•nts Cash and ¢a$h equlval*nts at bgglnning of year Cash and cash aqulval•nts at end of y•ar 53.608 821,515 141,404 680,111 875.123 821,515 The nots8 on pages 17 to 30 fom) part of these financlal statements. 16-
Fairplay Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 G•n•ral Infomiatlon The charity is a public benefit enlty and a private company limited by guarantee, registered in England and Wale5 and a registered charity in England and Wales. The address of the registered office 15 Alexandra Road Wesl, Chesterfield. Derbyshire, S40 1 NP. Ststsmont of ¢ompllanc? These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable lo charrties preparing their a¢¢ounls In ac¢ordance with the Financial Reportsng Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 anil the Companies Act 2006. Accounting policies 8a¥l8 of pr•yratlon The financial statements have been Ppad on the historical cost basis. The financial statements are prepareil and presented in Sterling, which 1$ the fun¢ts'onal currency of the charity. The charity meets the defIn"On of a public benefit company under FRS 102. Golng concern The Trustee$ are of the opinion Ihal the charty continue to meet ils obligations as they fall due for the foreseeable fulure due to the current level of financial reserves and expectations ol future income. As o consequence. the Trustees have prepared the financial slalemenls on the going concem basis. 17-
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 A¢¢ountlng poli¢l•$ (¢Onlth¢d) Judgam•nts and kay sources of estimation uncortainty Critical accounting estimates and assumptions.. In the process ol applying the charty's accounting policies. the trustees a required to make certain estimates, judgements and assumptions that they believe are reasonable based upon the information available. These ests'mates and assumptions affect the reported amounts ofassets and liabilities at the dale ofthe financial statements and the reported amounts ofrevenue and expenses during the periods presented. Eslimales and judgements a continualty evaluate(l and are based on historical experence and other factors, including expectation$ of future events Ihat are believed to be relevant to the company. Actual results may differ from the estimates. the effe¢t of vthich is recognised in the period in which the facts that give rise lo the revision become known. The estimate and assumptions that have a significant risk of USIng material adjustment lo the rrying amounts of a$sel$ and liabilities wthin the next financial year are a$ follows.. Le8ses Determining whether leases ented into by the company as a lessee a operating or finance leases requires judgement. These de¢i$ions depend on an a$ses$menl ol whether the risks and rewards of ownership have been transferred from the le$$or to the lessee based on the evaluation of the terms and condth'ons of the arrangements on a lease by lease basis. Fund accounting Unrestricted funds are Ihose fund$ which are available for use al the discretion of the trustees to further any of the charity's purposes and have not been designated for other purposes. Restricted funds are fijnds which have been subjected to restricts'ons on their expenditure as imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such reStrle(l funds a charged against the specific fund. 18-
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 A¢¢ountlng poli¢l•$ (¢Onlln¢* Incoming roUr¢08 All income is included in the ststement of financial activf(ies when entitlement has passed to the charity, il Is probable that the economic benefits a5sociale£l wlh the transaction wll flow Its the charity and the amount can be reliably measured. The followng $pecffic poIles are applied to particular categories ol income.. Income from donations is recognised when the donation is received. Grant income is recognised when the ¢h3Tity becomes un¢ondrtionally enlrtled lo that income. )ere entillemenl to grant income is subject to perfomian¢e-relaled or other conditions, income is recognised in the Statement of Financial Activities in line wth the achievement of performance and salisfa¢tion of those ¢ondf(ion$. Fee income in respect of services provided lo Servi users are recogni5ed in line with the delivery of the underlying services. Income ftom the sale of merchandise is recognised al the point of sale. Inme from donated facilities and services are recognised in the accounts when received at a value which is the amount that the charity would have been willing lo pay to obtain the sèrvice or fa¢ilily of equivalent economic benefit on the open market. a ¢orrespc)nding amount is then recognised as expenditure in the period of receipt. Gffts in kind donated for distribLrtion are included at valuation and renised a$ income when they are distributed to projects. Grfts donaled for resale are included as income when they are sold. Income from fundraising events is recognised upon receipt of the proceeds ofthe event. Rgsourc8s eXnd•d Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under heading5 of the statement of financial activities lo which il relates-. Expenditure on raising funds in¢lude$ the ¢o$ts of all fvndraising a¢livilie$, events and non- charitable trading activibes. Expenditure on charitable activities includes all costs incurred by a charity in undertaking aclivrties that further rts charttable aims for the benefit of ils beneficiaries. including those support costs and costs relatiny to the govemance of the charity apportioned to charitable activrties. Other expendTture includes all expendTtUTe that 15 neither related to ra15ing funds forthe charty nor part of ils expenditu on charrtable aclivilies. All costs are allocated to expendIlu categories refiecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned befven the activities they contribute to on a reasonable. justs"fiable and consistent basis. 19-
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 A¢¢ountlng poli¢l•$ (¢Onlln¢* Govèmment grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is re850nable 85surance that the charity will cornply with the conditions attaching to them and tt)e giants will be received. Where the grant does not impose specffied future perfom)ance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does Impose specified future performance-related conditions on the recipient, il Is recognised in income only when the performance-related conditions have been met. Where grants received are prior lo sats'sfying the revenue re¢ognibon ¢rileria. they are re¢ogni$ed a$ a liability. Opernting 18as Rentals paid under operating leases are charged to the Stalernent of Financial Activities on a slraighl-line basis over the term of the undedying lease. Tanglblo a88•ts Tangible fixeil a$$el$ are ¢apitalised and recognised ¥then fulure enOmiC benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recorded al cost. Ythich includes all costs incurred lo bring the asset into ils inten¢Jed working ndItion or location, and subsequenlty stsled al cost less any accumulated depreciation and impaim)ent losses. Doproclatlon Depre¢ialion is calculated so as lo wnte off the cost or valuatson of an asset, less its residual value, over the useful economic life of that asset as follows". Long leasehold property Fixtures and fittings Motor vehicles Office equipment Over the extent of the undedying aSe 33% straight line 20% straight line 33% straight line Impalmient of flxgd a$$¥ts A review for indicators of impaimienl is carried OLrt at each reporting date, wrth the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impaimenls are also reviewed for possible reversal al each reporting date. Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving slo¢ks. Cost includes all diwl costs and other costs incurred in bringing the stock into ils present location and condrtion.
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 A¢¢ountlng poli¢l•$ (¢Onlln¢* Financial instrumants Debtors and creditors WTth no 5tsted interest rate and receivable or payable within one year are recorded al Iran5aclion price. Any losse5 arising from impairment are recogni5ed a5 such In the statement of financial aclivilies. Dofinod contribution plans The charrty operates a defined contribution pension scheme and the pension charge in the financial statements repre5ent5 the amsJJnl$ payable by the eharity in respect of the financial peri¢Jd. Llmltod by guarant The charity 1$ a Company limited by guarantee. The members of the company are the Trustees named on page 1. In the event ofthe charity being wound up, the liability in respect ofthe guarantee is limited lo £1 per member ol the charity. Donatlons and l•gacl Unrestricted Funds Restricted Totsl Funds Funds 2024 Donatlon8 Donations 18,805 130 18,935 Grants NHS North Derbyshire CCG Children in Need Derbyshire Voluntary Action Heath and Wellbeing Derbyshire Voluntary Action Counsellir C8C Communty Grant National Lottery Community Fund The Clolhworkers Foundation Foundation Derbyshire Jubilee Art The Hub 10,808 89.201 9,351 1,000 350 3,360 100,009 9,351 1,000 350 3,360 17,184 17,184 29,613 120,576 150,189 21
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 Donatlons and l¢gacl•s (ton#nu8 Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations 67.739 67,739 Grants NHS North Derbyshire CCG Children in Need Derbyshi Voluntary Action Heath and Wellbeing Derbyshire Voluntary Action Counselling C8C Communty Grant National Lottery Community Fund The Clolhworkers Foundation Foundation Derbyshire Jubilee Art The Hub 10,809 87,744 10.882 98,553 10,882 10,000 7,850 5,000 10,000 7,850 5,000 78,548 121,476 200,024 Charltabl• actlvltl•s unresth.cted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Fees for provision of $erNice$ 1,485.921 1,485,921 1.248.912 1,248,912 Other tradlng actlvltbes Unre$lri¢ted Total Funds Unrestricted Totsl Fund$ Funds 2024 Funds 2023 Fundraising Shop sales 24.872 1.689 24.872 1,689 11.001 3,100 11,001 3,100 26.561 26,561 14,101 14,101 Investment income unresth.cted Total Funds Unrestricted Totsl Funds Fund$ 2024 Funds 2023 Bank interest receivable 1.394 1,394 Other In¢ome Unreslricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Sundry income 23.087 23.087 4,312 4,312 -22-
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 10. Costs of ralslng fund$ Unreslricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Fundraising costs 4.038 4,038 3,259 3,259 11. Exponditurn on charitable activitias by fund typ Unrestricted Funds Restricted Total Funds Funds 2024 Care. recreation and educalion services Support costs 1,284,422 185,834 102.919 23,605 1,387,341 209,439 1,470,256 126,524 1,596,780 Unrestricted Funds Restricted Totsl Funds Funds 2023 Care, recreation and education service$ Support costs 1,066,561 134,988 1.201,549 101,898 19,458 1,168,459 154,446 121,356 1,322,905 12. Expendlture on Charltsbl? a¢tlvblJes by a¢tlvlty type Aclivities undertaken irecdy Support costs Total funds 2024 Total fund 2023 Care, re¢reation and edu¢ati¢)n services Governance ¢osl$ 1,387.341 187,169 22,270 1.574,510 22,270 1,305,291 17,614 1.387.341 209,439 1.596,780 1,322,905 13. Analy$l$ of Support ¢o$ts Care, recreation & education $ervices Tolal 2024 Total 2023 Premises Communication5 and IT General office Governance costs 128,068 23,846 35.255 22,270 128,C68 23,846 35.255 22,270 87,567 20,240 29,025 17,614 209,439 209,439 154,446 -23-
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 14. N•t In¢om• Net income is stated after chargingl{crediting).' 2024 2023 Depreci81ion of tangible fixed assets 25,714 25,913 1S. Auditors, remun8ration 2024 2023 Fees payable for the audit of the financial stslements 8.250 7,500 16. Staff costs The total staff costs and employee benefits for the reporting period are anatysed as follows.. 2024 2023 Wages and salaries Social security costs Employer conlributsons to pension plans 1.070,345 52,221 62.351 876,138 45,549 54,163 1.184,917 975,850 The average hea¢J count of employees during the year was 7812023.. 671. No employee received employee benefits of more than £60,000 during the year12023.' None). Kèy Manag•m•nt P•rnonn•l Key management personnel include all pergons that have authority and regponsibilty for planning, directing and controlling the a¢bvrtie$ ol the charity. The total ¢ompensalion paid lo key management personnel for services provided to the charity was £102,09812023.' £100,224). 17. Trust•• r•muneration and expenses No trustees recewed any reMuneraln or other benefits during the year ended 31 March 2024 12023.. None). No Iru5tees were reimbursed for expenses incurred in the course of their duties in the year ended 31 March 202412023.. None). -24-
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 18. Tangible flx•d ass•ts Long leasehold Fixiures and property firting$ Motor vehicles Equipment Total Cost At 1 Apr 2023 Additions Disposals At 31 Mar 2024 1,651,776 10,237 37,400 122,035 1,821,448 9,704 9,704 1649) 131,090 1,830,241 12621 9,975 1,651,776 37,400 D•pr•¢latlon At 1 Apr 2023 Charge for the year Disposals 230.032 16,685 8.045 1,264 12611 36.050 900 114,661 6,865 16481 388,788 25,714 19091 At 31 Mar 2024 246,717 9,048 36,950 120,878 413,593 Carrylng amount At 31 Mar 2024 1.405.059 927 450 10,212 1,416,648 7,374 1,432,660 At 31 Mar 2023 1.421.744 2.192 1,350 19. Stocks 2024 2023 Finished gt)ods and goods for resale 928 1,110 20. Dobtorn 2024 2023 Trade debtors Prepayments and accrued income other debtors 135.834 13,603 23,569 114,516 18,205 20,319 173,006 153,040 21. Credltors: ¥m¢unts lalllng due V4ithln one year 2024 2023 Accruals and deferred income Social security and other taxes Other creditors 95,051 72,400 11,504 43,836 3.735 98,786 127,740 -25-
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 22. D•f•rr•d In¢om• 2024 2023 At 1 April 2023 Amount released lo income Amount deferred in year At 31 Mar¢h 2024 24,909 124.9091 18.753 38,750 138,7501 24,909 18,753 24,909 Deferred income at the yeard date relates to income for events occurring after that dale. 23. P•nslon8 and othor pOstllm0nt btrfIts Deflned ¢ontrfbutlon plans The amount recognised in income or expenditure as an expense in relation lo defined contribution plans was £62,35112023.' £54,163). 24. Analysls of charftabk lund• Unrgstri¢tsd funds A11 Apr 2023 At31 Mar 2024 Income Expenditure Transfers General funds 2,264,081 1.566,576 11,474,295) {8421 2,355,520 At1 Apr 2022 At31 Mar 2023 Income Expenditure Transfers General funds 2,124,010 1,345.873 11,204,808) 19941 2,264,081
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 24. Analys1$ of ¢harftabk lunds i¢onUnu•dJ Restricted funds At1 Apr 2023 At31 Mar 2024 Income Expenditure Transfers High Peak Young Persons Group Home Based Support Children in Need 2021 Super Siblings Group The Clothworkers Foundation Foundation Derbyshire Jubilee Art Derbyshire Voluntary Action Counselling C8C Community Grant Derbyshire Voluntary Action Health and Wellbeing Derbyshire Autism Services {The Hub) 2,653 8,941 12.744 17.116 59.471 9.351 112,7501 {20,1851 160,5131 {9,3511 2,647 5,872 1.042 232 232 4,179 {1,7911 2,388 499 12401 259 350 3.360 13501 13,360) 1.000 1600 {2001 17.184 {17,1841 16.504 120.576 (126,5241 11,398 A11 Apr 2022 A131 Mar 2023 Income ExndItUre Transfers High Peak Young Per50n5 Group Home Based Support Children in Need 2021 Super Siblings Group National Lottery Community Fund Volunteers The Clothworkers Foundation Foundation Derbyshire Jubilee Art 2.608 9.666 12.742 16.986 58.016 10.882 {12.6971 {17.7111 {59.0101 110,8821 12,8841 2,653 8,941 3,116 232 10.000 {10,0001 7.850 {3,6711 4,179 5.000 14,501) (121,3561 499 15.390 121.476 16,504 25. Charitable lun(ts Purpo$¢$ of rastrfctgd funds The main restricted fvnds and their purposes are as follows.. High Peak.. To provide holiday play schemes in High Peak. Young Persons Group.. To provide a Chesterfield Youth Club and holiday activity day5.
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 25. Charitsbl• funds icon Purposas of rtrict$d funds (conlinuedj Home Based Support.. To provide the Home Based Support Group the opportunity lo take part in activity days throughout the year. Children in Need 2021- To provide fvnding for Inters, Gid$ Night and YoLrth Forum $e$$ion$. Super Siblings Group- To fund support for the siblings of service users. National Lottery Communty Fund Volunteers- To fijnd the recruilmenl of new volunteers. The Clolhworkers Foundation - To provide funding to fumish a Wellness R¢)om. Foundation Derbyshire Jubilee Art- To fund the creats'on of arts¥ork for the Plats'num Jubilee. Derbyshire Voluntary Action Counsdling- To wovide a counselling service lo familie5 Chesterfield 8orough Council Community Grant - To provide volunteer opportunities for young people with learning disabilities Derbyshire Voluntary Action Heatth and Wellbeing To fijnd activib.es lo Support a Health and Wellness day Derbyshire Autism Services (The Hub) - To fund the delivery of the Middle Area Neurodiverse Children's Hub$ Transfern b•twoen funds Restricted funds in deficit are covered by transfe from unrestricted funds to make up any shortfall in funding. Where any restricted fvnds are in surplus, any such surplus is either carried forward or transferred to unrestricted funds in accordance with the undedying grant agreement or any instruction5 from the grant funder. 26, Analy$l$ of net assets betW•wn lund• UnStricted Funds Restricted Totsl Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Ngt assats 1,414,001 1.028.808 187.2881 2,355,521 2,647 20.249 111.4981 11,398 1,416,648 1,049,057 198.7881 2,366,919 Unrestricted Funds Restricted Total Fund5 Funds 2023 Tangible fixed assets Current assets Credrtors less than 1 year Net assets 1,432,660 951,010 {119,5891 2.264,081 1,432,660 975,665 1127,7401 2,280,585 24,655 18,1511 16,504 -28-
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 27. Analysls of ¢hang•s In n•t dobt At1 Apr 2023 Cash flows At31 Mar 2024 Cash at bank and in hand 821,515 53,608 875,123 28. Operating 18as• commitments The total future minimum lease payments under non-cancellable operating leases are as follows.. 2024 2023 Not later than 1 year Later thon 1 year and not later than 5 years Later than 5 years 19,026 63.929 1.166.198 19,509 61,048 1,181,460 1.249.153 1,262,017 During the comparative period amendment5 were made to an existing lease lo refiecl full usage of a building by the charity bvhich had previous been Sutrtrleased ba¢k lo ils owners. The lease In question has 84 years lo run al the financial year-end. Accounting disclosures in these financial statements reflect the continued treatment of this lea$e as an operating lease, in light of inherent uncertainties involved in assessing fijture rental payments and the net present value of future minimum finaneial commrtmenls under the lease for the purposes of delemining whelherthe lèase would qualify as a finance 3$e. This approach has been taken to ensure that the financial statements show a true and fair view and do not give a misleading representation of the financial position of the charty.
Fairplay Company Limited by Guarantee Notes to the Financial Statements {wiUnuedJ Year ended 31 March 2024 29. R•latsd partl•s The followng payments were made to members of trustees. or the senior management team's close family members.. Lauren Boden - £4.14012023". £4,557) salary as team member", Elaine Pauk- £11,69812023'. £11,919) salary as children's co-ordinator Dion Shore- £4,07212023'. £3,463) salary as team member During the year, the charity entered Into transactions wth MyPl8ce Network Limf(ed, a company of which the Chief Exe¢ubve is a director. The charity charged MyPlace Network Limrted £5,043 12023.. £ nil) in respect ol services provided by the Chief Executive. Additionally the charity paid and subsequently recharged lo MyPla¢e Network Limited ¢osls of £ nil12023'. £7.768, for which a premium of £ nil 12023.. £1,069) was charged to that company. No amounts were owed to the charity by MyPlace Network Limited at either the current or comparative year-end. In the year under review the company feceived funds of £12, 127 from MyPlace Network Limited and agreed lo hold those lund as agenl for that company. As these fvnds are not within the control of Fairplay, they have not been recognised as an asset in these financial statements. These have been no other subsequent receipts or payments of fvnds from MyPlace Nefvlork Limited under this arrangement in the financial year. During the year services were provided lo the charity lo the value of £23.31412023,' £15,212> by the partner of the Chief EKe¢ulive. Al 31 Mar¢h 2024, an amount of £1,09512023'. £ nill was owed by the charity to the partner ol the Chief Executive. No Iruslee or other person related lo commrttee members had any peryonal interest in any contract or Iransaetson entered into by the ¢harity during the ¢urrenl or comparats.ve year. Children of committee membeis Lbse the centre on the same lenns and nd'on5 as other users.