Annual Report **Ray’s Playhouse Limited Unaudited Financial Statements For the year ended December 31, 2024** **Registered Charity 1142275 Company Registration number 07489085** ## Table of contents |Objectives of the charity|**1**| |---|---| |Chair’s report - the year in review|**2**| |Activities report|**4**| |Grants and impact|**5**| |Projects|**7**| |Financial review|**8**| |Structure, Governance and Management|**9**| |Reference and administrative information|**10**| |Trustees Responsibilities|**11**| |Independent Examiner’s Report|**13**| |Statement of Financial Activities|**15**| |Balance sheet|**16**| |Notes to the Accounts|**18-24**| ## **Trustees Report** ## Objectives of the charity The Trustees have pleasure in presenting their report and financial statements of the Charity for the year ended 31st December 2024. The objectives of Ray’s Playhouse are: - to enhance the development, education, physical and mental health of children primarily under statutory age by providing educational and support facilities in communities in The London Borough of Hammersmith and Fulham and other parts of the United Kingdom; - the organisation or provision (or assistance in the organisation or provision) of facilities for the recreation in the interests of social welfare and in the furtherance of education in the London Borough of Hammersmith and Fulham (with the object - Summer Highlightof improving the conditions of life for the persons whom the facilities are primarilyAutumn Highlight intended for) for persons who have need of such facilities by reason of their youth, - Remember to include relevantage, infirmity of disablement, poverty or social and economic circumstances;Remember to include relevant information that can promote your information that can promote your - nonprofit while keeping readersto act as a resource for young people up to and including the age of 8 years living innonprofit while keeping readers interested in your amazing work.The London Borough of Hammersmith and Fulham and other parts of the Unitedinterested in your amazing work. Kingdom by providing advice and assistance and organising programmes of physical, educational and other activities as a means of: - advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent and responsible individuals; - advancing education; and - providing recreational and leisure time activity in the interests of social welfare for people who have need by reason to their youth, age, infirmity or disability, poverty or social and economic circumstances with a view of improving activity levels **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **1** ## **Trustees Report** ## The year in review **Ray’s Playhouse continued to thrive throughout 2024, enjoying busy stay and play sessions with up to 30 families attending daily. Both repeat and new families joined our broad range of child-centred activities and services, with numbers remaining consistent throughout the year, including another exceptionally busy summer programme.** We continued to offer free places, funded by the Thomas Foundation, to those in need of help accessing the centre. Our ever-popular family Easter, Christmas, Halloween, and Summer Saturday Fundraiser festivities were lively, fun community events that raised several thousand pounds, highlighting the value Ray’s Playhouse holds within the local community. The flexibility of drop in stay and play is very popular formula with families, and the Playhouse is the only under-5's provision in the Borough that operates this way. We continued to see an increase in young children with developmental delays and with the qualified Early Years team supporting families with referrals to specialist services within the Borough. With thanks to The John Lyons Foundation, funding continued to support a Speech and Language Therapist for the majority of the year, a service that is in great demand with children making progress at every session. When funding ceased at the end of 2024, the team decided to maintain the service whilst looking for alternative funders. The Speech and Language Therapist attended once a week for two hours to help small groups with focused SLT sessions. We also joined services with H&F Family Champions to provide dental information along with referrals to other services within the Borough. The IAAM programme was delivered for the 8th year thanks to the 3SIF Grant program from LBHF; the Thursday afternoon sessions with a creche is fully subscribed with a small group. Sessions focus on topics including mental health, crafting, safety in the home and provide a much-needed lifeline for many users. Thomas’ Schools Foundation covered the majority of the cost to keep our Tuesday afternoon Small Group, additional needs session up and running. Monday afternoon Baby Group started up again due to part funding received from a Small Grant from LBHF. Due to the popularity of our ‘Living World’ projects we partnered with Langford, our local state primary school, to hatch chickens from eggs with The Happy Chick Company. Giving children the opportunity to learn about life cycles and understanding the world around them is a great skill to have for school readiness. Ray’s Playhouse acquired two guinea-pigs, Oreo and Biscuit who have been a big hit in the Playroom. The children have learnt to be gentle, be part of team work to clean out and feed them and many children bring old vegetables from home for feeding time. **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **2** We started a programme of toddler cookery classes, funded by the Daisy Trust; handling and exploring food, fine motor skills, chopping, measuring and a sense of achievement at the end were all skills acquired in the classes. The sessions were made fully inclusive for those with severe allergies or special needs, weekly recipes alternated between sweet & savoury and the low cost, nutritious recipes were printed out for parents to take home. Our Centre Manager returned part-time from Maternity Leave in April 2024 and shared joint roles with our Interim Manager which worked very well. Sadly Charlotte decided to leave to take a job closer to her home now that she had the baby and Louise took over as full time Manager. The hand-over has been seamless and we have a strong, long standing staff team and excellent leader in place. We continued with our aim to ensure that the service is more streamlined and data driven. Rota Cloud was successfully introduced for staff timetables, annual leave and payroll and this has saved much time on office duties. Our new Finance Trustee updated the financial procedures, we renewed the Lease for one year while we worked on an extended 8 year lease with H&F. We completed the annual Building Risk Assessment and Compliance Check. We have worked with local schools and colleges to welcome children on work experience weeks and volunteering as part of the Duke of Edinburgh Awards Scheme. We continued to distribute Foodbank and Rose Vouchers to those families who used or asked for referrals to the services. The venue was, once again in demand for rentals for both weekend children’s parties and mid-week for local services such as Residents and Housing Officer pre-booked appointments and Residents Meetings. ## Claire Larnder ## **Claire Larnder Chair** Ray’s Playhouse continues to work in partnership with professionals from Health, Social Care and Education and our Early Years staff, Parents & Carers have received assistance from those working around home and child safety, job searches, first aid training, dentists and volunteering opportunities. **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **3** ## **Activities** Report The team at Ray’s Playhouse run a busy and varied schedule that follows the Early Years Foundation Stages, ensuring that activities are inclusive and enriching from 0-5 years. Toddlers football helps young children refine their gross motor skills to support co-ordination and agility. The sessions also help build core strength and fitness helping children stay active and healthy. It also helps build confidence, form friendships and teaches children how to co-operate, share and communicate. Our music sessions are extremely popular and encourages imaginative play and storytelling through sound and movement. It also helps support memory, concentration, language skills and helps children grasp the sounds that make up words. The sessions teach listening, turn-taking and responding to others. The team at the playhouse organise seasonal themed events including Easter, Diwali, Halloween, and Christmas. These events bring the community together with music, food, dressing-up and inclusive early-years inspired activities for all our visitors. **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **4** ## **Grants** Report Ray’s Playhouse received two grants from the London Borough of Hammersmith and Fulham. “It’s All About Me” is a long-stand project which is part of 3SIF funding. These small group sessions support, mentor and give parents the opportunity to learn new skills, gain confidence and have valuable time out. Children are supervised at the centre with a creche. The Playhouse also received funding for mother and baby sessions in 2024. Dr Edward and Bishop King’s Charity have generously supported Ray’s Playhouse funding music classes during school holidays. John Lyon’s Charity have provided support for children to specialist speech and language therapy. Funding has also provided early-years physical activity sessions to help improve children’s balance, coordination, listening skills and school readiness. They also fund a school holiday activity fund for seasonal activities and additional staffing. We are extremely grateful to The Thomas’ Foundation who have provided free family places at our stay and play sessions at Ray’s Playhouse. The grant enables eligible families to access support to our small group focused play sessions throughout the year. The Daisy Trust is a volunteer-run charity that supports causes in the Borough, and they kindly support the Playhouse with healthy snacks, ingredients for our toddlers cookery sessions and play equipment. The Trust kindly donated funds for the Playhouse to purchase four nursery-grade outdoor play buggies. **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **5** ## Early-years support for the whole community Ray’s Playhouse is open Monday to Friday throughout the year welcoming families - carers with under 5's. During school holidays under 8's are welcome and we expand the range of activities on offer for the older children. The Playhouse charges £5 per family entry fee with an additional £1 per sibling, with free funded places offered to eligible families. The Playhouse provides a warm, welcoming space supervised by early-years professionals dedicated to helping families thrive with their young children. 10 180 60 Under 5's with their parents/carers join our Tuesday afternoon session for close support and referrals Families visit Ray’s Playhouse every week for stay and play sessions Under 5's that take part in our weekly physical sessions from football to dance **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **6** **Ray’s Playhouse is the only children’s centre in the Borough open weekdays on a drop-in basis. Here are some of the activities available at the centre:** Projects Details Outcome |**Stay and Play**|**Daily sessions for**
**parents/carers and**
**under 5's (under 8's**
**during school**
**holidays)**|**School readiness**
**Improve fine motor skills with**
**learning through play**
**Social skills**
**Reducing isolation and**
**loneliness for parents**| |---|---|---| |||**Supporting families who may**| ||**Small-group sessions**|**have children with additional**| |**Focused Stay and Play**|**for families and carers**
**requiring additional**|**needs**
**Parenting support**| ||**support**|**Signposting to services within**| |||**the Borough**| |||**Interaction with babies**| |**Baby massage**|**Small group massage**|**Relaxing session**| |||**Bonding**| |||**Listening and attention skills**| |**Football fun**|**Physical activity**|**Large motor skills**| |||**Team participation**| |||**Listening and attention skills**| |**Caterpillar Music**|**Sensory play through**
**movement**|**Interaction with parent/carer**
**and child**| |||**Motor and sensory skills**| ||**Positive parenting**
**programme**|**Positive parenting**
**Adopting healthier lifestyles**| |**It’s All About Me**|**harnessing parental**|**Supporting emotional**| ||**self-development and**|**wellbeing**| ||**awareness**|**Gaining new skills**| **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **7** ## **Financial Review** ## **YEAR ENDED 31 DECEMBER 2024** Ray's Playhouse had net incoming resources on unrestricted funds of £22,885 for the year (2023: £13,716 outgoing). Together with the accumulated surplus brought forward from previous years and a transfer from restricted reserves on completion of the flooring, there is now unrestricted funds of £92,771 (2022: £6,448). Restricted funds at 31 December 2024 were £2,074 (2023: £6,448). ## **Reserves Policy** The Trustees maintain a reserve of at least 3 months operating expenses. The reserve level is regularly considered. ## **Public Benefit** The Charity provides low-cost facilities for the less well advantaged members of the public in its catchment area and also provides social support to those who may from time to time require it. ## **Objectives for the coming year** The Trustees aim to continue to raise funds to provide the core services currently offered, to support families in an ever increasingly difficult financial environment. We hope to be able to replace the funding for the afternoon services and build in one or two more specialised sessions. **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **8** ## **Structure, Governance and Management** The company is limited by guarantee (company registration number 07489085), governed by its memorandum and articles of association. It is a charity registered with the Charity Commission, 1142275. The Board of Trustees is responsible for setting strategies and policies for the charity and ensuring that these are implemented. The Board of Management is responsible for the overall direction of Ray's Playhouse, for monitoring activity against the Articles of Association, for scrutiny and approval of Annual Plans and Accounts, and for risk assessment and management. The responsibilities for fulfilling obligations as a registered charity fall on the Board of Management. At least three members of the Board are trustees as defined by the Charity Legislation. Trustees are selected based on a range of abilities with the intention of maintaining a balanced board. Day-to-day management of the centre is delegated to the Centre Manager. **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **9** ## **Reference and Administrative Information** **REFERENCE AND ADMINISTRATIVE INFORMATION Charity Name** Ray's Playhouse Limited **Registered Office** c/o Woodfords Solicitors LLP 11 Harwood Road, London, SW6 4QP **Trustees** Ms Claire Larnder (Chair) Ms Clair Gordon Ms Divna Gakovic (Secretary) Ms Bryher Bailey Mrs Lisette Danesi Ms Rania Assaf **Bankers** Metro Bank Fulham Broadway Branch, Unit 3, Fulham Retail Centre London SW6 1BW **Solicitors** Woodfords Solicitors LLP 11 Harwood Road, London, SW6 4QP **Independent Examiner** Mrs Alison Sanderson FCA Liles Morris Chartered Accountants, 80 Coombe Road, New Malden, KT3 4QS **Centre Manager** Louise Chapman **Charity number** 1142275 **Website** www.raysplayhouse.org **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **10** **Trustees’ responsibilities in relation to the financial statements** The Charity Trustees (who are also the Directors of the Ray’s Playhouse Ltd) for the purposes of company law) are responsible for preparing a Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, for that period. In preparing the financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. By order of the Board of Trustees ## Claire Larnder Ms Claire Larnder **Chair and Trustee** 29th September 2025 **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **11** ## **Trustees’ responsibilities in relation to the financial statements (cont)** The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006 for the year ended 31 December 2024. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts. The Trustees, as directors, acknowledge their responsibilites for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing the accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board of Trustees on the 29th September 2025 and signed on its behalf by: ## Claire Larnder **Claire Larnder Chair of Trustees Ray’s Playhouse Limited** Grants **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **12** ## **Independent Examiner’s Report to the Trustees of Ray’s Playhouse Limited** ## **YEAR ENDED 31 DECEMBER 2024** I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of Rays' Playhouse Ltd (‘the charitable company’) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charity’s Trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed. ## **Responsibilities and basis of report** As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement. $200,000 Government Funding **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **13** ## **Independent Examiner’s Report to the Trustees of Ray’s Playhouse Limited** ## **Independent examiner’s statement (continued)** I have completed my examination. I confirm that no material matters have come to my attention in - accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair view which is not a matter considered as part of an independent examination; or - the financial statements 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 financial statements to be reached. ## **Alison Sanderson, FCA** Liles Morris, 80 Coombe Road, New Malden, KT3 4QS 29th September 2025 Donations $750,000 Grants **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **14** ## **Statement of Financial Activities for the Year ended 31st December 2024** ||**Statement of Financial Activities for the Year ended 31st December 2024**|**Statement of Financial Activities for the Year ended 31st December 2024**|**Statement of Financial Activities for the Year ended 31st December 2024**|**Statement of Financial Activities for the Year ended 31st December 2024**|**Statement of Financial Activities for the Year ended 31st December 2024**| |---|---|---|---|---|---| ||**Incorporating the Income and**
**Expenditure Account**
Notes
**Unrestricted**
**Funds 2024**
**£**
**Restricted**
**Funds 2024**
**£**
**Total Funds**
**2024**
**£**
**Total Funds**
**2023**
**£**||||| ||**INCOME**||||| ||**Donations and Legacies**
2
56,000
54,493
110,493
93,695||||| ||**Income from Charitable**
**Actitivies**
**Operation of the Centre**
3
67,488
-
67,488
78,912||||| ||**Total income**
123,488
54,493
177,981
172,607||||| ||**EXPENDITURE**||||| ||Cost of raising funds
4
2,456
-
2,456
612||||| ||Expenditure on charitable
activities
Operation of the Centre
5
104,018
46,418
150,436
140,221||||| ||Other expenditure
Governance
6
14,191
-
14,191
13,263||||| ||**Total expenditure**
**120,664**
**46,418**
**167,082**
**154,096**||||| ||**Net income/(expenditure)**
**2,824**
**8,075**
**10,899**
**18,511**||||| ||Transfers between
reserves
-
-
-
-||||| ||Net income/(expenditure)
and net movement in funds|2,824|8,075|10,899|18,511| ||~~Fundin~~g summary
Donations
Grants
Government Funding
$200,000
$750,000
$400,000
**Reconciliation of funds**
Total funds brought
forward
92,711
2,074
94,845
76,334
Total funds carried forward
**95,595**
**10,149**
**105,744**
**94,845**||||| ||||||| ||||||| There were no recognised gains or losses for 2024 or 2023 other than those included in the statement of financial activities. All income and expenditure relates to continuing activites. **The notes of pages 18 to 24 form part of these financial statements** **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **15** ## **Balance Sheet as at 31st December 2024** |**Notes**
**2024**
**£**
**2024**
**£**
**2023**
**£**
**2023**
**£**|**Notes**
**2024**
**£**
**2024**
**£**
**2023**
**£**
**2023**
**£**|**Notes**
**2024**
**£**
**2024**
**£**
**2023**
**£**
**2023**
**£**| |---|---|---| |**FIXED ASSETS**||| |Tangible Assets
10
3,151
4,366||| |**CURRENT ASSETS**||| |Debtors
11
23,595
13,892||| |Cash at Bank and in Hand
86,467
83,662||| |110,062
97,554||| |**CREDITORS**||| |Amounts falling due within
one year
12
7,469
7,075||| |**NET CURRENT ASSETS**
102,593
90,479||| |**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**105,744**
**94,845**||| |Funding summary
$750,000
**FUNDS**
Restricted Funds
13
10,149
**2,074**
General Fund
95,595
92,771
**TOTAL FUNDS**
14
**105,744**
**94,845**||| ||Grants|| **The notes of pages 18 to 24 form part of these financial statements** **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **16** ## **Balance Sheet as at 31st December 2023 (cont)** The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006 for the year ended 31 December 2024. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts. The Trustees, as directors, acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing the accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board of Trustees on the 29th September,2025 and signed on its behalf by: ## Claire Gordon Clair Gordon **Trustee** **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **17** ## **Notes to the Accounts** ## 1.Accounting policies ## Company information Ray’s Playhouse Limited is a private company limited by guarantee incorporated in England and Wales. The Registered office is detailed on the Reference and Administrative information. The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## 1.1 Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) effective 1 January 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Ray's Playhouse meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The accounts are presented in Pound Sterling (£) ## 1.2 Going concern At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts. ## 1.3 Incoming resources $400,000 Funding summary Voluntary income including donations, gifts, grants, and legacies are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when a donor specifies that income must be used in future accounting periods or conditions must be fulfilled before the charity is entitled to the income. Revenue from services provided is measured at fair value of the consideration received. $750,000 Grant, where entitlement is not conditional on the delivery of specific performance by Grants the charity, are recognised when the charity becomes unconditionally entitled to the grant. **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **18** ## **Notes to the Accounts** ## 1.4 Resources expended Liabilites are recognised when either a legal or constructive obligation is identified and includes any irrecoverable VAT. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examiner fees and costs linked to the management of the charity. ## 1.5 Accumulated funds General or “unrestricted “ funds represent the funds of the charity that are not subject to any restriction regarding their use and are available for application on the general purpose of the charity. ## 1.6 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the costs less estimated residual value of each asset over its expected useful life, as follows: ## **Office equipment** 3yrs straight line - computer equipment 5yrs straight line - all other office equipment ## **Fixtures & fittings** 3 - 5 yrs straight line except as detailed below 10yrs straight line - outdoor playground and flooring ## 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand and deposits held with banks. ## 1.8 Financial instruments The charity only has financial assets and liabilites of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Trade debtors and trade creditors are examples of basic financial instruments.$400,000 $750,000 ## 1.9 Government grants Business rates grants are recognised on receipt **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **19** **Notes to the accounts (cont)** |**2 INCOME**
**Grants and Donations**
**2024**
**£**
**2023**
**£**|**2 INCOME**
**Grants and Donations**
**2024**
**£**
**2023**
**£**|**2 INCOME**
**Grants and Donations**
**2024**
**£**
**2023**
**£**|**2 INCOME**
**Grants and Donations**
**2024**
**£**
**2023**
**£**|**2 INCOME**
**Grants and Donations**
**2024**
**£**
**2023**
**£**|**2 INCOME**
**Grants and Donations**
**2024**
**£**
**2023**
**£**|**2 INCOME**
**Grants and Donations**
**2024**
**£**
**2023**
**£**| |---|---|---|---|---|---|---| |**Unrestricted funds**
Grants receivable
56,000
57,548||||||| |**56,000**
**57,548**||||||| |**Restricted Funds**
Grants receivable
£
£||||||| |54,494
36,147||||||| |**Total voluntary income**
**110,493**
**93,695**||||||| |**3 Charitable activities**
**Operation of the**
**centre**
**2024**
**£**
**2023**
**£**||||||| |**Unrestricted**
**Restricted**
**Total**
**Total**||||||| |**Playhouse fees**
**Building Hire**
**Fundraising**
**Local authority**
**funding**
22,997
35,513
8,978
-
22,997
35,513
8,978
-
33,548
22,981
7,725
14,658||||||| |67,488
-
67,488
78,912||||||| |**4 Cost of raising funds**
**2024**
**£**
**2023**
**£**||||||| |**Unrestricted**
**Restricted**
**Total**
**Total**||||||| |**Advertising**
**Event costs**
57
2,399
**-**
57
2,399
149
463||||||| |Donations
**Total**||Government F
**2,456**|unding|Gr
**-**|ants
**2,456**|**612**| **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **20** ## **Notes to the accounts (cont)** |**5 Charitable activities**|||**2024**||**2023**| |---|---|---|---|---|---| |Centre operation|||**£**||**£**| ||**Unrestricted**|**Restricted**|**Total**||**Total**| |Staff costs|37,996|13,931|51,927||43,816| |Training & staff welfare|6|315|321||113| |Contract staff|31,778|22,876|54,654||45,815| |Premises costs|29,900|4,988|24,931||36,682| |Playhouse purchases|4,449|4,308|8,427||8,805| |Support costs (see note 6)|4,990||10,176||4,990| ||**104,018**|46,418|150,436||**140,221**| |**6 Support and Governance**|||**2024**|**2023**|**Basis of**| |**costs**|||**£**|**£**|**allocation**| ||Support|Governance|**Total**|**Total**|| |Office expenses|10,176|10,176|20,351|9,980|Est’d use| |Insurances||717|717|544|Governance| |Independent examination||1,800|1,800|1,800|Governance| |Bookkeeping and payroll||1,498|1,498|5,603|Governance| |AGM costs||-|-|326|Governance| |**Total**|**10,176**|**14,191**|**24,366**|**18,253**|| **The Governance costs are from Unrestricted Funds.** **Totals for 2024 are split : Support costs £4,990 and Governance £13,263** |**7. Staff remuneration and**
**head count**||**2024**|**2023**| |---|---|---|---| |**Average number of**|||| |**employees.**
**No employee received a**||**6**|**8**| |**salary of more than £60,000**|||| |**Employment costs - total**||**£**|**£**| |**Wages and salaries**
**Social security costs**||51,093
**-**|**43,281**
**-**| |**Pensions**||834|535| ||Government Funding||| |Donations
**Total**||**51,927**|Grants
**43,816**| Additional support has been provided throughout the year in administering and running the Charity, this includes the Centre Manager. The key management personnel of the charity comprise the trustees and the Centre Manager. The total compensation paid to key management personnel amounts to £31,060 (2023: Centre Manager £27,698). Total key management personnel costs of one (2023 : one) individual. **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **21** ## **Notes to the accounts (cont)** ## **8 Trustee Remuneration and related party transactions** None of the trustees received salaries or remuneration during the year nor prior year. There were no transactions with related parties during the year nor prior year. ## **9 Taxation** The company is a charity and is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988. ## **10 Fixed Assets** |**9 Taxation**
The company is a charity and is exempt from tax on income and gains falling within section 505 of the Taxes
Act 1988.
**10 Fixed Assets**|**9 Taxation**
The company is a charity and is exempt from tax on income and gains falling within section 505 of the Taxes
Act 1988.
**10 Fixed Assets**| |---|---| ||**Plant &**
**Machinery**
**Office &**
**Computer**
**Equipment**
**Furniture &**
**Play**
**Equipment**
**Total**| |**Cost**
Brought forward at 1
January 2024
Added|4,000
-
2,394
-
73,022
-
79,416
-| |**Carried forward at 31**
**December 2024**|4,000
2,394
73,022
79,416| |**Depreciation**
Brought forward at 1
January 2023|1,200
2,394
71,456
75,050
400
-
815
1,215| |Charge for the year|| |Carried forward at 31
December 2024|1,600
2,394
71,271
76,265| |Net book value carried
forward
Net book value brought
forward
**11 Debtors**|2,400
-
751
3,151| ||2,800
-
1,566
4,366| ||**2024**
**£**
**2023**
**£**| |Donations
Prepayments
Other debtors|Grants
Government Funding
6,347
17,248
5,801
8,091| ||23,595
13,892| ||| **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **22** ## **Notes to the accounts (cont)** |**12 Creditors:**
Amounts falling due in one
year|||**2024**
**£**|||**2023**
**£**| |---|---|---|---|---|---|---| |Trade creditors|||189|||-| |Pension creditor|||156|||157| |Accruals|||1,800|||1,800| |Deferred income|||5,324|||5,118| ||||**7,469**|||**7,075**| |**13 Restricted funds**||||||| ||**Brought**
**forward**
**2024**
**£**|Incoming
Resources
£|**Movement in**
**funds**
**Resources**
**expended**
**£**||Transfer|**Carried**
**forward**
**2024**
**£**| |||||||-| |LBHF - It’s All About Me
LBHF - Fast Track Grant|-
-|21,215
5,000|(21,215)
(400)|||4,600
-| |Thomas’ Schools F’dn Places|1,449|3,346|(4,795)|||-| |Thomas’ Schools PTA fundraiser|-|1,000|(1,000)|||-| |John Lyons Charity
DEBK (Wiggle Waggle)
The Daisy Trust|625
-
-|14,900
6,724
2,308|(13,920)
(2,780)
(2,308)|||1,605
3,944| |||||||-| ||**2,074**|**54,493**|**(46,418)**||**-**|**10,149**| ||**Brought**
**forward**
**2023**
**£**|Incoming
Resources
£|**Movement in**
**funds**
**Resources**
**expended**
**£**||Transfer|**Carried**
**forward**
**2023**
**£**| |||||||-| |LBHF - IAAM
Thomas’ Schools F’dn
John Lyons Charity|-
-
4,800|20,973
6,007
9,167|(20,973)
(4,558)
(13,342)|||1,449
625| |DEBK|1,648|-|(1,648)|||-| |||Government Funding||||| |Donations||||Grants||| ||**6,448**|**36,147**|**(40,521)**|||**2,074**| **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **23** ## **Notes to the accounts (cont)** Following a grant application to The London Borough of Hammersmith and Fulham (LBHF) for the 3rd Sector Investment Fund, Ray’s Playhouse were allotted funding for the project “It’s All About Me” (IAAM) which helps parents focus on their lives and support them in resolving personal and family issues, enabling them to improve the lives of their chidren and the whole family. John Lyons Charity provided grants for speech therapy sessions and for school holiday activities. Thomas’ Schools Foundation (TSF) provided a grant for £3,346 to provide free family places at the regular Stay and Play sessions. The School PTA additional arranged a fundraiser for the centre to purchase a water table. Dr Edward and Bishop Kings Fund (DEBK) provided funding “Wiggle Waggle”,”Caterpillar Music’, and to cover utility costs. ## **14 Analysis of net assets between funds** Fund balances at 31st December 2024 are represented by: ||**ween funds**
ber 2024 are represented by:|**ween funds**
ber 2024 are represented by:|**ween funds**
ber 2024 are represented by:|**ween funds**
ber 2024 are represented by:|**ween funds**
ber 2024 are represented by:|**ween funds**
ber 2024 are represented by:| |---|---|---|---|---|---|---| |||||||| |||**£**
**Unrestricted**
**£**
**Restricted**
**£**
**Total**
3,151
92,789
(345)
17,273
(7,124)
3,151
110,062
(7,469)||||| |**Tangible fixed assets**
**Current assets**
**Creditors: within one year**||||||| |||**95,595**||**10,149**|105,744|| |||||||| ## **15 Control** The charity is controlled by the Trustees under the terms of the trust deed. Government Funding Grants **Ray’s Playhouse Limited (07489085) Year ended 31 December 2024** **24** ## **Thank You** **Contact us : 020 7971 9002 www.raysplayhouse.org manager@raysplayhouse.org**