Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
**CHARITY NUMBER – 1164341 CIO NUMBER – CE005592**
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr G Stanley|
|---|---|
||Mr J Sykes|
||Mr N Cotton|
||Mr R Sanders|
|**Chief executive officer**|Mrs V Stanley|
|**Charity number**|1164341|
|**CIO number**|CE005592|
|**Principal address**|Fruit Tree|
||Otterbourne Road|
||Winchester|
||Hampshire|
||SO21 2RT|
|**Independent examiner**|Fiander ETL|
||Stag Gates House|
||63/64 The Avenue|
||Southampton|
||Hampshire|
||SO17 1XS|
|**Bankers**|Lloyds Bank plc|
||49 High Street|
||Winchester|
||Hampshire|
||SO23 9BU|
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **CONTENTS**
||**Page**|
|---|---|
|Chairman's statement|1 - 2|
|Trustees' report|3 - 6|
|Independent examiner's report|7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the financial statements|10 - 18|
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **CHAIRMAN'S STATEMENT**
## **FOR THE YEAR ENDED 31 AUGUST 2025**
It is with great pleasure that I present this year’s summary of the remarkable impact that The Playhouse Foundation continues to achieve. Over the past twelve months, we have consolidated our role as a vital source of early intervention and holistic family support for young children with autism, while also expanding our reach and strengthening our long-term sustainability.
The _Solving the SEND Crisis_ report, published on 18th September 2025, set out a compelling and urgent call for reform: timely intervention, strengthened inclusive practice within mainstream settings, improved resourcing, workforce development, and clearer accountability. The Playhouse Foundation stands as a practical, locally grounded exemplar of these priorities - particularly in the areas of early-years autism-specific provision, family engagement, and transition into mainstream education. As Government and the Department for Education respond to the report’s recommendations, we believe that aligning national reform with evidence-based, scalable practice such as ours will help ensure that change is both meaningful and grounded in what works for families.
Throughout the academic financial year, parents have repeatedly described our support as transformative for the whole family, not just the individual child. One family shared that their programme became a “lifeline” during a period of deep uncertainty. They told us that the most profound change was their son’s ability to communicate his needs; a “giant leap” that dramatically reduced frustration and unlocked new possibilities for connection and learning. Stories such as these capture the heart of our mission.
This year also marks ten years since the Foundation’s conception - an important milestone that highlights both our growth and our long-term stability. Among our most significant achievements has been the launch of two new outreach initiatives.
Our first initiative, a community playgroup launched in January, aims to support early identification of developmental needs and to give parents access to early, targeted interventions. Through structured play activities, children have been able to build communication and social interaction skills in an engaging, nurturing environment. Parents continue to benefit from the hands-on guidance of our consultants, empowering them to strengthen their relationship with their child through positive, attuned interactions.
Our second initiative - a parent-focused psychological support service, was introduced to equip parents of neurodiverse children with practical tools, emotional support, and confidence. Early outcomes show that parents feel more capable in co-producing and applying home-based strategies, supporting their child’s development, and enhancing family wellbeing. Importantly, this service has also enabled us to widen our reach, offering support to families further afield and helping us identify those who may benefit from our more intensive programmes.
Across all our services, we remain deeply committed to bridging the funding gap with high-impact outreach provision and providing clear, reliable pathways of support for every family we serve. Our flexible, child-centred approach, combined with the dedication of our staff, remains the foundation of our success.
This year we have also grown our professional network, recruiting new tutors and appointing additional consultants to meet increasing demand. We are proud to invest in internal supervision, enabling experienced tutors to progress their careers and ensuring the highest standards of practice across our team.
Our partnerships with professionals, schools, volunteers and universities continue to enrich our work. We are especially grateful to the University of Southampton for awarding us grant funding to host Psychology internships. These collaborations offer students invaluable hands-on experience while positively contributing to the quality and development of our services.
I would also like to extend my sincere thanks to our Board of Trustees, whose expertise, guidance and unwavering commitment underpin every aspect of the Foundation’s progress. Their strategic oversight and steadfast belief in our mission continue to shape our growth and ensure that we remain responsive, rigorous and forward-thinking.
None of our outreach projects would be possible without the generous support of the O’Sullivan Family Trust, the Brian Murtagh Charitable Trust and the Winchester Rotary Group. We are equally grateful to our dedicated volunteer fundraisers, including those who took part in the Eastleigh 10K. Your contributions continue to open doors and create brighter futures for the children and families we serve. Thank you for your ongoing trust, enthusiasm and partnership.
- 1 -
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
**CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
..............................
Mr G Stanley **Chairman**
5/1/2026 | 10:41 GMT Date: .........................
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Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2025**
The trustees present their annual report and financial statements for the year ended 31 August 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Given that our work evolves around the UK school academic year, our accounts reflect all activities over the last academic year.
## **Objectives and activities**
The charity's principal objective is:
To provide specialised education provision and social inclusion for young children with autism to improve functional daily living, communication and interactive play skills; enabling them to achieve their fullest potential.
The Playhouse Foundation is a UK-based non-profit dedicated to transforming the lives of young children with autism by delivering early, intensive, and proactive behavioural intervention programmes. We believe that early intervention is pivotal to positive long-term outcomes. By working with children from disadvantaged backgrounds and communities where parents, carers, and educational settings may be struggling to meet complex needs, we help ensure that the most vulnerable families receive the specialist support they require. Through our bursary programme, we also provide financial assistance to means-tested families, creating brighter and more inclusive futures for children with autism.
Our work is rooted in collaboration. We harness collective support with local authorities, educational providers, voluntary organisations and community groups to identify ‘hard-to-reach’ children and improve access to Applied Behavioural Analysis (ABA)-based educational provision. We also expand access by supporting higher-education students, trainee teachers and therapists, helping to build the future specialist workforce our communities need.
Support is delivered across both home and school environments to ensure consistency as part of our Team Around the Child model. Regular consultation and tutor visits allow us to provide essential assessments, reports, and recommendations that contribute to each child’s Annual Review. It is the intensity, consistency and partnership embedded within our programmes that contribute to the exceptional progress and successful outcomes achieved by the children we support.
Our programmes have a significant onward impact on families, teachers, support workers and external professionals. We have collaborated with more than thirty schools across Hampshire, enabling staff to develop a deeper understanding of autism and adopt a whole-school approach that benefits multiple children within their setting.
All programmes are entirely driven by the child and tailored to their individual needs. By supporting children at the earliest possible stage, we significantly improve their chances of reaching their true potential and reduce the likelihood of later social isolation, mental illness, or anxiety. When children can understand and communicate with the world around them, they are less likely to be misunderstood, labelled as disruptive, or become frustrated; and are more likely to grow into independent, confident individuals.
The effects of our work are far-reaching, improving not only the child’s development but also the wellbeing of their families, school communities, and the wider local area.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Achievements and performance - Our charitable activities**
## **Our Beneficiaries**
At the time of this report, we are working with fourteen families through a number of outreach projects across different communities within Hampshire; namely our home programmes, school provision, parent support programmes, playgroup families and small grants.
## **Advocacy within the community**
In addition to our bursaries, we offer a range of professional services that have been developed to meet the needs of individuals, families and professional bodies:
We provide a robust signposting scheme to support local families in search of help and resources to improve access and acceptance within the local community. Families may be in need of respite services such as parent support groups, information in response to a recent autism diagnosis, information about other early interventions, webinars, referrals to professionals or to start their own ABA Programmes. To date, we have supported over fivehundred families as part of our outreach service, many of whom we support for up to eighteen months and beyond. Our families report that they are able to engage with their child in a more meaningful and positive way, using effective coping strategies to manage behavioural difficulties. All our services are designed to improve the mental and physical wellbeing, self-belief and support families with a growth pathway to a brighter future.
Over the course of the year, we have continued to build upon collaborations with other local organisations to ensure that even more families have access to our services.
## **Partnership with our Local Authority**
The development of a progressive pathway between the Foundation and the Local Authority has significantly enabled us to be visible to the SEND team, ensure that our support will be well received by our beneficiaries and above all, emphasizes the effectiveness of our model.
Our advocacy work enables us to work closely with schools and our Local Authority to identify the ‘hard to reach’ children and the families who are unable to seek out services for themselves. The support we provide offers parents a resource network in which they can access for their child.
We continue to extend our reach alongside other local authorities within the UK, who have expressed an interest in replicating our model.
## **School Training**
We work with our teams of clinicians to deliver training to local primary schools, to incorporate positive behaviour support strategies to enable school staff to educate and consolidate their understanding of young children with autism and associated behaviours within the classroom. In addition to theory training, we provide bespoke practical workshop sessions to further enhance training and which cover tutor-specific topics related to conducting session work and implementing interventions effectively to create an optimal learning environment..
## **Our collaboration with Universities and the vital role of Volunteers and Interns**
Our partnerships with the Universities of Winchester, Reading, and Southampton, together with the commitment of our volunteers and interns, remain fundamental to the delivery of our mission and the expansion of our impact within the community. We offer structured internship and volunteer placements for Psychology students, many of whom progress into tutoring roles supporting our autistic beneficiaries and families experiencing disadvantage. These collaborations bridge academic learning with meaningful, hands-on experience while strengthening both the quality and reach of our services.
Interns gain valuable practical experience across a range of educational and therapeutic settings within the Foundation. Through direct involvement in communication development, social skills, functional learning, and behaviour management, students witness first-hand the long-term benefits of structured early intervention. Under the supervision of experienced consultants, interns contribute to personalised intervention programmes and receive training aligned with the Registered Behaviour Technician (RBT) framework, providing a strong foundation for future careers in clinical psychology, child development, and autism support.
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Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
In addition to our internship and volunteer programmes, during the financial year we invested in a student undertaking a Year in Employment placement. This year-long role provided extensive clinical exposure across multiple settings within the Foundation, supporting children with autism and further strengthening our service delivery.
Our student volunteers also play a crucial role in amplifying the charity’s mission. By raising awareness through digital platforms, sharing beneficiary stories, and supporting fundraising initiatives, they help extend our reach, increase visibility, and deepen community engagement.
Collectively, these university partnerships and volunteer contributions enhance students’ professional development while expanding the Foundation’s organisational capacity. This collaborative approach enables us to deliver consistent, high-quality support to children and families and demonstrates the powerful impact of shared community involvement.
## **Ongoing charitable activities**
Over the next twelve-month period, we will continue to:
- Incorporate means in which to strengthen and grow our collective impact with the local authority and schools to ensure that the value of early intervention through ABA reaches as many children as possible within mainstream primary schools where the school can no longer meet their needs.
- Expand and grow beyond Hampshire, using a tried and tested effective protocol.
- Extend and develop advocacy provision for families to reduce the burden on them, the local authority and the family courts while achieving the right educational support for children.
- Create an impact measurement strategy, building on the work accomplished to date as a key part of sustainability planning and to ensure that families, schools, and the local authority remain invested in our programmes.
- Build upon our database of suitably trained staff to speed up the decision-making process that it takes to create efficient programmes and become better equipped for a role in supporting a child with autism in school at no extra costs to the local authority or the school. The reassurance and legitimacy that the local authority endorses, has the potential to make this process much easier.
- Continue to expand our clinical network of Supervisors to meet the demand and expanse of our services and to operate close supervision of all consultants, providing guidance and up to date training including new approaches for the career development and fulfilment.
## **Financial review**
The income for the year totalled £111,835 (2024 - £105,509), including donations and gifts of £107,602 (2024 – 101,256) and grants of £1,178 (2024 - £2,300).
Total expenditure for the year was £109,894 (2024 - £94,563).
An overall surplus of £1,941 (2024 - £10,946) was generated during the year.
Early intervention with ABA is expensive - costing up to £45,000 per year per family. However, the savings from keeping children in mainstream schools with provision that does not disrupt the education of others, compared with resorting to specialist provision amounts to very much the same.
The intangible benefit of ABA training for teachers and support staff to allow reduced disruption in the classroom is difficult to quantify, but the number of teachers working with the Foundation rises year on year. Over the course of the year, there has been further modification of expenditure and reduction of costs and revised and formalised Agreements for those beneficiaries with whom match funding has been achieved. By supporting the training and qualification of ABA consultants and providing internships to Psychology students, the Foundation is investing in the future of education for children with autism and reducing the annual cost to under £30,000 per year for ABA home programmes with a further reduction to approximately £6,000 for provision within the school.
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Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Reserves policy**
Our aim is to maintain a level of reserves of not less than 6 months’ running costs. For the year ended 31 March 2025, the trustees considered it prudent to maintain cash reserves of a minimum of £68,000 and these funds were held in a CCLA/COIF deposit fund. The reserves policy is reviewed annually.
Our total free reserves stood at £114,369 at 31 August 2025 (2024: £110,205). The charity's reserve policy is to create long term financial sustainability by maximising our income to further its objectives by sound financial management and forward financial planning. The treasurer (Trustee) and Bookkeeper look to maintain enough money in the bank account to continue to fund all forthcoming planned commitments, designations, and expenses for the services as part of the families' ABA programmes (currently for one year), as well as the running costs of the Charity. At no point in the year is the bank account to be overdrawn.
## **Structure, governance and management**
The charity was registered a charitable incorporated organisation on 10 November 2015 and is governed by its constitution.
The trustees who served during the year and up to the date of signature of the financial statements were:
Mr G Stanley Mr J Sykes Mr N Cotton Mrs Z Rogers (Resigned 1 July 2025) Mr R Sanders
Recruitment and appointment of new trustees is conducted with an interview process with ultimate decision of appointment by existing trustees.
New trustees will be given a copy of the Trustee Code of Conduct which details the induction, rules and any training required.
The trustees' report was approved by the Board of Trustees.
.............................. Mr N Cotton **Trustee**
15/1/2026 | 17:47 GMT Date: .............................................
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Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PLAYHOUSE FOUNDATION**
I report to the trustees on my examination of the financial statements of The Playhouse Foundation (the charity) for the year ended 31 August 2025.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. 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.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Adam Buse, FCA
Fiander ETL Stag Gates House 63/64 The Avenue Southampton Hampshire SO17 1XS
16/1/2026 | 07:38 GMT Dated: .........................
- 7 -
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 AUGUST 2025**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
106,602
2,178
Investments
**4**
3,055
-
**Total income**
109,657
2,178
**Expenditure on:**
Charitable activities
**5**
105,456
4,438
**Total expenditure**
105,456
4,438
**Net income/(expenditure)**
4,201
(2,260)
Transfers between funds
(37)
37
**Net movement in funds**
4,164
(2,223)
**Reconciliation of funds:**
Fund balances at 1 September 2024
110,205
5,317
**Fund balances at 31 August 2025**
114,369
3,094|**Total**
**2025**
**£**
108,780
3,055
111,835
109,894
109,894
1,941
-
1,941
115,522
117,463|**Total**
**2024**
**£**
103,556
1,953|
|---|---|---|
|||105,509
94,563|
|||94,563|
|||10,946
-|
|||10,946
104,576|
|||115,522|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 8 -
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **BALANCE SHEET**
## **AS AT 31 AUGUST 2025**
|**Notes**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**12**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Restricted income funds
**13**
Unrestricted funds|**2025**
**£**
25,190
124,826
150,016
(32,804)|**£**
251
117,212
117,463
3,094
114,369
117,463|**2024**
**£**
24,400
120,434
144,834
(29,647)|**£**
335
115,187|
|---|---|---|---|---|
|||||115,522|
|||||5,317
110,205|
|||||115,522|
15/1/2026 | 17:47 GMT The financial statements were approved by the trustees on .........................
.............................. Mr N Cotton **Trustee**
- 9 -
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **1 Accounting policies**
## **Charity information**
The Playhouse Foundation is a charitable incorporated organisation (CIO) registered with the Charity Commission in England & Wales. The principal address is Fruit Tree, Otterbourne Road, Winchester, Hampshire, SO21 2RT.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011, the Financial Reporting Standard applicable in the UK and Republic of Ireland” (FRS 102), Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, UK Generally Accepted Accounting Practice and applicable charity law. The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, 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 financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Transfers are made between funds when adequate justification and supporting evidence is provided.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
- 10 -
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **1 Accounting policies**
**(Continued)**
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Support costs are allocated to activities in proportion to the staff time spent on each activity. Where support costs are allocated to restricted funds, these are allocated in accordance with the terms of the funding agreements.
Irrecoverable VAT is charged as a cost against the category of expenditure to which it relates.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 25% on reducing balance Computers Straight line over 3 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **1 Accounting policies**
## **(Continued)**
## **Basic financial assets**
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## **Basic financial liabilities**
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **Derecognition of financial liabilities**
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and gifts
106,602
1,000
Grants
-
1,178
106,602
2,178
**For the year ended 31 August 2024**
100,006
3,550|**Total**
**2025**
**£**
107,602
1,178
108,780|**Total**
**2024**
**£**
101,256
2,300|
|---|---|---|
|||103,556|
|||103,556|
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Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2025**
|**3**|**Income from donations and legacies**||**(Continued)**|
|---|---|---|---|
|||**2025**|**2024**|
|||**£**|**£**|
||**Donations and gifts**|||
||The O'Sullivan Family Charitable Trust|94,125|94,125|
||Other trust funds|1,133|2,671|
||Personal donations|2,530|1,800|
||Other|9,814|2,660|
|||107,602|101,256|
||**Grants**|||
||University of Southampton|-|2,300|
||Other|1,178|-|
|||1,178|2,300|
|**4**|**Income from investments**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Interest receivable|3,055|1,953|
- 13 -
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **5 Expenditure on charitable activities**
|**Direct costs**
Staff costs
Consultancy
Tutor fees
Fundraiser fees
Advocacy and family support
Sundries
Playgroups
**Share of support and governance costs (see note 6)**
Support
Governance
**Analysis by fund**
Unrestricted funds
Restricted funds
**6**
**Support costs allocated to activities**
Depreciation and loss on disposal of assets
Administrative and office expenses
Insurance
Bank charges
Governance costs
**Analysed between:**
Charitable activities
**Governance costs comprise:**
Independent examination
Other accounting services|**2025**
**£**
1,586
15,815
33,277
233
29,340
833
4,043
85,127
21,587
3,180
109,894
105,456
4,438
109,894
**2025**
**£**
84
20,559
828
116
3,180
24,767
24,767
**2025**
**£**
2,940
240
3,180|**2024**
**£**
978
17,972
30,447
50
23,040
1,332
-|
|---|---|---|
|||73,819
17,984
2,760|
|||94,563|
|||87,288
7,275|
|||94,563|
|||**2024**
**£**
179
16,491
1,207
107
2,760|
|||20,744|
|||20,744|
|||**2024**
**£**
2,760
-|
|||2,760|
- 14 -
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **7 Trustees**
No expense payments were made to trustees during the current or prior year.
During the year, Mrs V Stanley, the Chief Executive Officer and wife of the chair of trustees, invoiced the charity for management and consultancy services. Fees of £35,775 (2024 - £28,404) were payable by the charity, of which £3,240 was outstanding at the year end (2024 - £2,304). All transactions were conducted in accordance with the charity's constitution and on an arm's length basis.
None of the trustees received any remuneration or benefits from the charity during the current or prior year.
## **8 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
||1|1|
|**Employment costs**|**2025**|**2024**|
||**£**|**£**|
|Wages and salaries|1,586|978|
There were no employees whose annual remuneration was more than £60,000.
## **9 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
- 15 -
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
|**10**
**Tangible fixed assets**
**Fixtures and**
**fittings**
**Computers**
**£**
**£**
**Cost**
At 1 September 2024
2,201
5,134
At 31 August 2025
2,201
5,134
**Depreciation and impairment**
At 1 September 2024
1,866
5,134
Depreciation charged in the year
84
-
At 31 August 2025
1,950
5,134
**Carrying amount**
At 31 August 2025
251
-
At 31 August 2024
335
-
**11**
**Debtors**
**2025**
**Amounts falling due within one year:**
**£**
Trade debtors
24,346
Prepayments and accrued income
844
25,190
**12**
**Creditors: amounts falling due within one year**
**2025**
**£**
Other taxation and social security
64
Deferred income
23,531
Trade creditors
4,997
Accruals
4,212
32,804|**Total**
**£**
7,335|
|---|---|
||7,335|
||7,000
84|
||7,084|
||251|
||335|
||**2024**
**£**
23,712
688|
||24,400|
||**2024**
**£**
-
23,531
2,327
3,789|
||29,647|
All brought forward deferred income was released to incoming resources during the year.
- 16 -
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **13 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1**|**Incoming**|**Resources**|**Transfers At**|**31 August**|
|---|---|---|---|---|---|
||**September**|**resources**|**expended**||**2025**|
||**2024**|||||
||**£**|**£**|**£**|**£**|**£**|
|Brighter Life|2,745|-|(566)|-|2,179|
|University of Southampton|1,322|1,178|(1,585)|-|915|
|Winchester Rotary - Webinar|1,250|-|-|(1,250)|-|
|Winchester Rotary - Stay &||||||
|Play Group|-|1,000|(2,287)|1,287|-|
||5,317|2,178|(4,438)|37|3,094|
||**At 1**|**Incoming**|**Resources**|**Transfers At**|**31 August**|
||**September**|**resources**|**expended**||**2024**|
||**2023**|||||
||**£**|**£**|**£**|**£**|**£**|
|Brighter Life|3,755|-|(1,010)|-|2,745|
|The Brian Murtagh Trust|5,287|-|(5,287)|-|-|
|University of Southampton|-|2,300|(978)|-|1,322|
|Winchester Rotary|-|1,250|-|-|1,250|
||9,042|3,550|7,275|-|5,317|
Brighter life - Funding for the provision of resources such as equipment, toys and activities for children with autism and their families.
The Brian Murtagh Trust - Funding received to provide ABA school consultation and training services for a child with autism across three terms within his primary school.
University of Southampton - Funding for the employment of a student from the University of Southampton on an internship, to assist the charity in its provision of ABA programmes within the Hampshire area.
Winchester Rotary - Webinar - Funding received for to support The Playhouse Foundation's webinar series. As these funds were not required due to lower costs, Winchester Rotary agreed these funds could be used for the Stay & Play Group.
Winchester Rotary - Stay & Play Group - Funding received for to support support the operation of a weekly playgroup designed for children with SEN. The playgroup is led by trained therapists and offers a supportive setting for the children and their families. The playgroup was launched in Winchester in January 2025.
Transfers are made between funds when adequate justification and supporting evidence is provided.
- 17 -
Docusign Envelope ID: 77BD7A55-6992-43FE-A4FF-AFBAB1755227
## **THE PLAYHOUSE FOUNDATION**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **14 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**At 31 August 2025:**
Tangible assets
251
-
Current assets/(liabilities)
114,118
3,094
114,369
3,094
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 August 2024:**
Tangible assets
335
-
Current assets/(liabilities)
109,870
5,317
110,205
5,317|**Total**
**2025**
**£**
251
117,212|
|---|---|
||117,463|
||**Total**
**2024**
**£**
335
115,187|
||115,522|
## **15 Related party transactions**
Transactions with persons associated with the trustees are disclosed in note 7 to the financial statements. There were no other disclosable transactions with related parties (2024 - none).
- 18 -