Registered Charity No:1172108 Reglstsred Company No: 3907455 (England and Wales) MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMENT ASSOCIAIION (LIMrrED BY GUARANTEE) FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMENT ASSOCIATION (LIMrrED BY GUARANTEEI INDEXTO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Charlty Referen and Administsation Etsils Rewrt of Trustees (Induding Directors, and Strategic Indepen(Ènt Examiners Report ststement of rn0a1 Acbvibes Uncluding Income and Expenditure Account) 8alantr Skeet Notes to the Accounts 9-15 Consdidated Ir£on & Expenditure Account for the year endeAJ 31 March 2024 16
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMENT A55OCIATION (UMfrED BY GUARAKfEE) Charlty Reference and Admlnlstratlve Detalls for the year ended 31 March 2024 Charity Registration Number: 1172108 Company Registration Number: 3907455 Trustees: N Frearson C 50n E DLK)I M Gende J Marriott A Harlow M Marriott P Tetra G Trapanl Company Secretsry A Sewell Registered Office". Mowmacre Playground Bewcastle Grove Lelcester LE4 2]Y Independent Examiners: Celerica Ltd Cerknfied Accountsnts First Floor, The Old Chapel 9 Kempson Road Lelcester LE2 8AN Page 1
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMENf ASSOCIATION (LIMrrED BY GUARANTEE) REPORT OF THE TRusfEES (INCLUDING DIREcfoRS' & sfRATEGIC REPORT) FOR THE YEAR ENDED 31sr MARCH 2024 The trust Psent their report and financial statements of the charlty for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practtce (SORP) 'Accounting and Reporting by Charities" (FRS102) in preparing the annual financlal statements of the charity. The financlal statements have been prepared In accordance with the accounting p)licies set out in the rK)tes to the accounts and comply wth the charity governing document, the Charities Act 2011 and Accounting and Reporbng by Charities: Ststement of Recommended Practi applicable to charities preparing their accounts in accordance with the nancIal Reporting Stsndard applicable in the UK and Republic of Ireland Published In October 2019 (second edition). Trust ofth The directors of the charitsble company are also Its trustees for the purpose of charitsble law. The trustees who have served during the year and slnce the year end are as follows: N Frearson J Marriott M Marriott (ap[Xn t6.11.23) C Dyson A Harlow P Tetra (apntl 06.11.23) E Dool A Sewell [reIgn 06.11.23) G Trapani (aWyntj C6.11.23) M Gentle S Ward (fesgned 06.11.23) andA VieS The charity promotes social equality in Mowmacre and the surTounding area of Leicester through access to play. It creates challenging opportunities for adventurous playi based on consultation with local people and mentoring young people to be the best they can be, To act as a resour for young people up to the age of 19 living in Mowmacre by providing advi and assIstsn and organising programmes of physical education and other activities as a means of: l Advancing in life and helping young people by developing their sknlls, capacities and capabilities to enable them to participate in society as independent, mature and responsible indlviduals 2 Advanclng eduCaOn 3 Relieving of unemployment 4 Providing recreational and leisure time arttvity In the interests of social welfare for them with a view to improving their conditions of life Publjc Benefit ststement The trustees have considered the general gUIdan on publlc benefit issued by the Charltles Commission and has taken due regard of that guidance. The trust consider they are satisfied that the charity's activities do provide a wide public benefft. Page 2
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMENT ASSOCIATION (LIMrrED BY GUARANTEE) REPORT OF THE TRusfEES (INCLUDING DIREcfoRS' & sfRATEGIC REPORT) FOR THE YEAR ENDED 31ST MARCH 2024 (CONTINUED) icRe Achievements and perfOan Fundlng for the project Is through Lelcester aty Council, and is sufficient to employ I full tlme and 3 part time members of staff. During the year we have achieved over 20,000 child visits that come through our doors, with over 400 children registered from the local area. Financial Review Includln reserves With limited resou5 and difficulttes obtslnlng addltlonal nding, it has contlnued to be difficu to plan or develop additional services. The charity with sound financial management and the supwrt of the staff team and Management Committee members have continued to operate utilising It's unrestricted funds. The principle fundlng sources for the charity are curTently by way of grant funding through Leicester Oty Council to enable the charity to provide open access play Servi5. As a SuIt of constraints, the charity will need to look for addlonal sources of funding to provlde increased semces in future years. During the year, the charity made a defiat of £24,449 (2023: Deftit £35,275). The trustees have examined the charty's requirements for reserves in light of the risks to the organisation. The charity currently holds reserves that will cover 9 months worth of conttnuity. But with the funding streams, ivs aim is to build it up to cover a longer period. The Management Committee has transferred some of Its MUGA Pool and Capital Replacement funds to Unrestricted Reserves. This is in light of the recent deficlts for the year. Structu Overnan and mana ement The organisation is a charitable company Ilmlted by guarantee. Incorporated on 17 January 2000 as amended by a special resolution dated 13 February 2017 and amended by a special resolutlon registered at Companies House on 6 March 2017. The charity was and registered as a char]ty on 16th March 2017. The company was estsblished under a Memorandum of Artlcles which established the objects and powers of the charitsble company and is govemed under Artides of Association. In the event of the company being wound up membets are qUIred to contribute an amount not exceeding £10. The trustees have conducted a revlew of the major rfsks whlch the charlty Is exposed to. Appropriate systems and prOdureS have been established to mltigate the rlsks that the charity faces. Intemal control risks are minimised by the implementation of a financial policy and procedure for authorisation of all transactions within the project. ProureS are In pla to ensure compliance with health and safety of staff, volunteers, Trustees, Servi u*rs, contractors and visitors to the project. Page 3
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMEKf ASSOCIATION (LIMrrED BY GUARANTEE) REPORT OF THE TRusfEES (INCUIDING DMIEcfoRS' & sfRATEGEC REPORT) FOR THE YEAR ENDED 31ST MARCH 2024 (CONnNUED) Structure aVernan and mana ment Continued We are now rouunely monltored by the clty counclls play development offir for all quality delivery and operational aspects of the charlty. The project currently has 8 trustees who meet bl monthly and are responslble for the strategic direction and policy of the charity. The trustees come from the l(Kal community and brirvJ a range of skills to the board. The manager is also responsible for ensuring that the charty delivers the servi$ specified, that key performance indicators are met and the day to day operational management of the project. The manager has responslblllty for the Individual supervigon of the stsff team and also ensurlng that the team continue to develop their skllls and worklng practices In Ilne wlth good prdctice. Plans for Future Perlods The charity plans to continue the activities out11rd above in the forthcoming years subiert to the contlnuance of satisfactory funding arrangements. The charity will: Seek additional reSoUrs, sponsorship and funding to fund the core stsff team and reduce relian on volunteers I capacity issues. Diversify income streams and aim to ensure that no single funder accounts for more than 20% of totsl incomlng resour. Improve tralnlng for stsff. nduct t))ard skn'll audlt and create I IMplemt a plan for board recrultrnent. Create a Theory of Change and a new Impact management and reportlrKJ wstem. * Identify a list of needs that are currently unmet in the local area, especially for the 13+ age group, and develop l implement an activity and funding plan to meet these needs. Develop a communication plan to rBise the profile of the organisation locally and nationally, Negotiate lease improvement or asset transfer to improve the ability of the organisation to secure capitsl funding. Negotiate to secure addltlonal land arourKI the bulldlng. Secure capltal fijnding to cary out refurfoishment and improvements to the building and grounds. Seek capitsl for additicfftal sports provision. Investigate the potential self build on the play site including visits to exemplar organlsatlons. Create a plan to Increase Income from room hlre. Page 4
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMEKf ASSOCIATION (LIMrrED BY GUARAMfEE) REPORT OF THE TRusfEES (INCLUDING DIREcfoRS' & sfRATEGfC REPORT) FOR THE YEAR ENDED 31ST MARCH 2024 (CONTINUED) lated Partles In so far as it is complimentary to the charity's objecbves, the charity is guided by both l(xal and natlonal pollcy. At a natlonal level the project is steered by the green paper regardlng every chlld matters and its regulator Ofsted and within Ofsted's guidelines and recommendatlons. At a local level the projett will work within Leicester Cty's Play Policy. ent of Trustees, Res sibilities The Trustees, who are also dlrectors of the charlty are responslble for preparfng the Trustees, Report and flnanclal statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounttng Practice). Company law requires the trustees to prepare financial ststements for eath financial year, which glve a true and fair view of the state of affairs of the charitable company and of the incoming resour5 and application of resour of the charitable company for the year. In preparlng those finandal statements, the trustees are qUired to: select sultable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2019 (FRS 102): make judgements and estimates that are reasonable and prudent. stste whether appllcable UK Accountlng Standards have been followed, subjett to any material departures dlsclosed and explalned In the flnanclal statements. prepare the financlal ststements on the going cOnM basis unless It Is Inapproprtate to presume that the company will continue in operation. The trustees are responsible for keeping proper accounting records which disclose wtth reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Art 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the preventlon and detectTon of fraud and other irregularltles. Thls report has b*n prepared In accordance wth the Statement of Recommended Practice: Accounting and Reporting by arle5 2019 (FRS 102) and in accordan with the special provisions of Part 15 of the Companies Att 2006 relating to small companies. Approve(i by the Management Commlttee on ...... 2024 and signed on Its behalf by: Mr M Genue Page 5
MOWMACRE YOUNG PEOPLES PIAY & DEVELOPMENT ASSOCIATION (LIMITED BY GUARANTEE) INDEPENDENf EXAMINERS. REPORT TO THE TRusfEES OF MOWMACRE YOUNG PEOPLES PLAY & DEVELEOPME14T ASSOCIATION FOR THE YEAR ENDED 31ST MARCH 2024 We rewrt to the trust on our examination of the accounts of company for the year ended 31 March 2024 which are set out on pages 7 to 15. Responslbllities and basls of report As the charity trustees of the company (and also ts dire£tors for the purpjses of ccffipany law) you a resFonsible for the prepaRtion of the accounts in accordance th the requirements of the Companies Lt 21x16 ("the 2006 ACV). Having satisfied ourselves that the accounts of the company are requlreA to be audtted unr Part 16 of the 2006 Act and are eligible ft)r IperKknt examination, we rerort in respect of our examination of your company's accounts as carried out under section 145 of the charfe$ Art 2011 (he 2011 Acv,). In carrylng out our examination, we have followed the Dlrectlons glven by the Charty Commission under ion 145(5)(b) of the 2011 Att. Independent Examlnerfs Statement We have completed our examination. We can confirm that no matters have come to our attention in connertion wf(h the examination giving us cause to believe that in any matedal resFect: l accounting record5 were not kept in respect of the ccffipany as required by sertlon 386 of the 2006 2 the accounts do not cOrd wlth those records. or 3 the accounts do not comply with the accounting requirements of sectlon 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair which is not a matter considered as part of an independent exarnination. 4 the accounts have not teen prepared in accordan with the methods and prlnclples of the Statement of Recommendad practi for accountirKJ and reporting by Charities (apF4tsble to charities preparirwJ their accounts in accordan with rla1 RertIng Stsndard aFplThble in the UK and Republk of irdand (FRS 102), We have no COnrnS and have coff acn)ss no other matters In clntIOn with the examinatlon to whlch attention should be drawn in this report to enab a proper understandlng of the aCcnts to be reached. LERICA LTD CHARTERED CERTIFIED ACCOUNTA[5 FIRST FLC()R THE OLD ¢JIAPEL 9 KEMPSON ROAD LEICESTER LE2 8AN CELEFUCA Dated . Page 6
MOWMACRE YOU14G PEOPLES PLAY & DEVELOPMENT ASSOCIATION (UMITED BY GUARAKfEE) ATEMENT OF FINANCIAL AcrIwirI (Including Income & Expenditure Account) R THE YEAR ENDED I MARCH 2024 Unrestrithd Restri(ted Funds Funds 2024 2024 Total Funds 2024 Totsl FurMIs 2023 Income and endowments from: Donatlons and *acks Charltsble actNitles Investments 107,297 107,297 100,396 Total income and endowments 107 297 107 297 100 396 Expenditure on: Raising funds lJaritable actNit Other 131,746 131,746 135,671 Totsl expenditu 131746 135 671 Net (defidt) Transfers tetween furKIs (24,449) (24,449) (35,275) Net movemnt In funds (24,449) (24,449) {35,275) Recon(Iliation of funds: Totsl funds brought fovNard 139,734 139,734 175,009 Totsl funds canled forward 115 285 139 734 All income and expenditure derfve from contlnulng activities. The statement of financial actiwties include all galns and losses recognlsed during the year. Page 7
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMEKf ASSOCIATION (LIMrrED BY GUARANTEE) Registered company number 3907455 BALAN HEEf AS I MARCH 2024 2024 2023 FIXED ASSErs CURRENT ASSErs Debtors Cash at bank and In hand 12 126,945 126,945 167,968 167,968 CREDrroRS: amounts falling due within one year 13 11,660 28,234 NEf CURRENf ASSErs 115,285 115 285 139,734 NEf ASSErs FUNDS Unrestricted - General Unrestricted - Asset RePlarnent Unrestrtcted - Designated Restricted 14 65,285 20,OCKi 30,LYKI 24,734 35,000 80,CMJO 14 14 14 115 285 139,734 The charitsble company Is entltled to exemption from audit under Section 477 of the Companies Act for the year ended 31 March 2024. The members have not required the charitable company to obtain an audit of the financial statements for the year ended 31 March 2024 In accordan wtth Section 476 of the Companies Act 2016. The trustees acknowledge their responsibilities for: a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and b) preparing financial statements whlch give a true and fair Mew of the state of the charitable company as at the end of the financial year and of its surplus or deficit for each financial year in accordance with the requirernents of Sections 394 and 395 and which othemlse comply with the requirements of the Companies Att 2006 relating to financlal statements, so far as applicable to the charftable company. These financlal statsments have been approved in accordance with the speclal provtslons of Part 15 of the Companies Act 2006 lating to small charltable companles. The financial ststements were approved by the Board of Trustees on ..................... 2024. M Gentle - Director The notes on pages 9 to 15 form part of these accounts Page 8
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMENT ASSOCIATION (LIMrrED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 l Accountlng Policies I, Summary of significant accounting policies General information and basis of preparatlon Mowmacre Young Peoples Play & Development Association is a registered charty and also a company limited by guarant. In the event of the charity being wound up, the liabilty in respect of the guarantee is limited to £10 per member of the Charity. The address of the charity's head office is given on page l of these financial statements. The nature of the charivs objectives and prlnclpal acttvities detalled on page 2 of these finandal ststements. The charity constitutes a public benefit entity as defined by FRS 102. The flnandal statements have been prepared In accordan wlth Accounting and Reporting by Charlttes: Statement of Recommended Practlce appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 16 July 2014 (as updated through Update Bulletin I published on 2 February 2016, the nancial issued on Reporknng Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companles Act 2006 and UK Generally ACpted Practice as it applies from l January 2015. The charlty has applied Updated Bulletln l as published on 2 February 2016 and does not Include a cash flow statement on the grounds that it is applying FRS 102 Section IA The financial statements have been prepared to gwe a "true and fairf, view and have departed from the Charities (Accounts and Reports) Regulations 2CNJ8 only to the extent required to provide a 'true and fair" view. This departure has involved followng the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts In accordan with the Financial Reporting Standard applicable in the UK and Republic of Irelond (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practlce effective from l Aprll 2005 which has Sin been wlthdrawn. The financlal statements are prepared on a going concem basls under the hlstorical cost conventlon, modified to include certain itwns at fair value where considered necessary. The financial statements are presented In sterllng which Is the functional currency of the charity and rounded to the nearest wund. b Funds Unrestricted funds are available for use at the dlscretion of the trustees In fijtheran of the general objectives of the charity and whlch have not been deslgnated for other purwses. Desfgnated fijnds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restiicted funds are funds which are to be used in accordance with specific restriction5 impo*d by donors or which have been rdised by the charity for parbcular purposes. The cost of raising and administering suth funds are charged against the specific fund. The alm and use of each restricted fund is set out In the nots to the flnanclal ststements. Page 9
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMENT ASSOCIATION (LIMrrED BY GUARANTEE) NOTES TO THE ACCOUN R THE YEAR ENDED IMAR 24 NTIN ED l Accountlng Pollcles (Contlnued) l. Summary of slgnlflcant accountlng polldes (Continued) c Income recognltlon All incoming resources are included in the Statement of Finanaal Activities (SOFA) when the charty is legally entitied to the income after any performance of conditions have been meL the amount can be rneasud rellably and it Is probable that the Income wlll be received. For donations to be recognised the charity wlll have been notlfied of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performan before entitlement can be obtained then income is deferred untll those conditions are fully met or the fulfilment of those conditions is within the control of the chartty and It Is probable that they wlll te fulfilled. No amount of time is included in the financial statements for volunteer time in line with SORP FRS(102). Futher detsil is given in the Trustees Annual Report. Where practical, gits in kind donated for distribution to the beneficiarie5 of the chadty are induded in stock and donations in the finanaal statements upon receipt. If it is impractical to assess the fair value at receipt or if the costs to undertake suth a valuation outweigh any benefits then the fair value is recognised as a component of donations when It is distributed and an equtvalent amount recognised as charitable expenditure. Glts In klnd donated for resale are Included at falr value, belng the expected pr(Keeds from sale less the expected cost of the sale. whe estimating the fair value is practlcal upon reIpt It Is reccmjnlsed In stod( and 'Income from other trading activities" Upon sale, the the value of stock is tharged against 'Income from trading activities. and the proceeds are recognised as 'Income from other trading activities" Where it is impractical to fair value the items due to the volume of low value items they are not recognised in the financial statements until sold. This income Is recognlsed wSthln 'Income from other trdding activitles" xed assets gifts in kind are recognised when receivable and a included at falr value. TtrEy are not deferred over the life of the as*t, For legacies, entitlement is the earlier of the tharty being notified of an Impending distribution or the legacy being received. At this point income is OgnIsed. On occasion, legacies will be notlfled to the charlty however It Is not possible to measure the amount expected to be dlstrlbuted on these occaslons, the legacy Is treated as a CCtIngent asset and disclose(i. Income from trading activities indudes income eamed from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplwng goods and SeN1 In order to ralse funds and is recognised when entitlement has occurred. Investment income Is earned through holding assets for investrnent purpose5 such as interest. Interest income is recognised using the effective interest method. Any dividend and rent Income is reccNJnised as the charity's right to recelve payment Is establlshed. Page 10
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMEKf ASSOCIATION (UMTfED BY GUARANTEE) NOTE TOTHEA COUNTS FOR ThE YEAR ENDED IMAR 24 ED l Accountlng Polldes (Continued) Summary of significant accounting 5cleS (Continued) Expendlture recognltlon All expenditure is accounted for on an accruals basls and has been classified under headings that aggregate all costs related to the category. Expendlture Is recognlsed where there is a legal or construcbve obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Cost of raising funds Expenditure on charltsble artlvltles Other expendlture represents those Items not falllng Into the above categories. Irrecoverable VAT is charged as an expense against the activity for which the expenditsjre arose. Support costs allocatlon Support costs are those that asslst the work of the charity but do not directly represent charitable activities and indude office costs, g0Veman costs and administrative costs. They are incurTed directly in support of expenditure on the objects of the charfty. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitsble attivities. The analysi5 of these costs is in included in note 6. Tangible fixed assets As requested by the fvnders, no depreciation is provided on tanglble fixed assets. Assets a written off at the time of purchase. This is not In accordance with requlrements of Financial Reporting Standard Number 105 which requires assets to be written off over thelr estimated useful Ilves. The trustees conslder that these assets will have a small residual value at the end of each finanoal year. Debtors and creditors recelvable I payable within one year Debtors and credthrs with no ststed interest rate and receivable or payable within one year are recorded at transattlon prlce. Any losses artslng from Impalment are recognlsed in expenditure. Provisions Provisions are recognised when the charity has an obligation at the balance sheet dats as a result of a past even¢ It is probable that an oufflow of economic benefits will be required in settlement and the amount can be reliably estimated. Rentsls payabie or receivable under operating leases are charged to the SOFA on straight line basis over the period of the lease. Page 11
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMEKfASSOCIAnON (LIMrrED BY GUARAKfEE) R THE YEAR ENDED IMAR 24 NTIN ED l Accounting Policies (Continued) Summary of slgnlflcant accountlng polldes (Continued) Taxatlon No provision has been made for tsxation as the charity's charitable status renders it exempt from UK direct taxatton. Golng concern The financial statements have been prepared on a going concem basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure rs suffficient with the level of reserves for the charity to be able to continue as a going conrn. 2 Income from donatlons and legacles 2024 2023 General Income from donatlons and legacles was £nll whlch was attributable to unrestricted funds (2023: £nil). 3 Income from tharltsble actlvltles 2024 2023 Procurement arrangements: Leicester City Council - Core Other grants re activities & summer play scheme Other Grants 104,484 98,730 107 297 Income from charttable attlvltles was £107,297 (2023: £100,396). All of these were attrfbutable to unrestrlcted funds for 2024 and 2023. 4 Investment Income 2024 2023 Bank interest received Page 12
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMENT ASSOCIATION (LIMTfED BY GUARAKfEE) NOTES THEA FOR THE YEAR ENDED MAR CONTINUED 5 Analysls of expendlture on charitable activities Play activities for 5 - 19 year old$ 2024 2023 Direct wages other dlrect costs Support costs 66,497 26,194 39,055 63,437 27,998 135,671 £111,158 (2023: £135,671) of the above costs were related to unrestrlcted funds. £nil (2023: £nll) of these costs were related to tritted fund5. 6 Allocatlon of support costs Play activities for 5 - 19 year olds 2024 2023 Governan Wages & salaries Premlses Costs Trnvelling & tralning Building maintenance 2,867 29,036 4,278 6,202 1,853 44,236 29,036 3,927 7Crf) 39,055 7 Governan costs 2024 2023 Play activities for 5 - 19 year olds Independent examination fees & bookkeeping 2,867 8 Net Income l (expenditure) for the year 2024 2023 This is stated after charging: Depredatlon Independent Examiners Fees 1,920 9 Independent Examlners remuneration The Independent Examlnerfs Fees amounts to £1,920 (2023: £1,920). There were no other services. Pag8 13
MOWMACRE YOUNG PEOPLES PIAY & DEVELOPMEKf ASSOCIATION (LIMrrED BY GUARANTEE) co R THE YEAR END IMAR 10 Trustees and key management personnel remuneratlon and expenses The trustees received no remuneration during trE year. (2023: Nil) The trustees did not have any expenses relmbued during the year. (2023: NII) The key management personnel remuneration amounted to £29,036. (2023: £29,036) 11 Staff costs and employee benefits 2024 2024 2023 2023 Full Tlme Number Part Full Tlme Part Number Number Number aritable activities The totsl staff costs and employee benefits were as follows: 2024 2023 Wages and salaries Pensions 95,322 211 92,425 12 Debtor6 2024 2023 Other debtors 13 Creditors: Amounts falling due within one year 2024 2023 Other credltors Deferred income - LCC advance payment 11,660 7,205 14 Funds Balan 01.04.23 Balance at ndire Trar6fers 31.03.24 Income Unrestricted Funds General Asset Replacement Designated MUGA Restrlcted Funds General 24,734 35,000 80,000 107,297 (131,746) 65,000 (15,CKJO) (50,000) 65,285 20,0(N) 30,OCK) 139 734 107 297 131746 Page 14
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMEKf ASSOCIATION (LIMrrED BY GUARANTEE) NOTE THEA R THE YEAR ENDED 31 MARCH 2024 NTIN 15 Analysis of net assets between funds Unrestrlcted Funds General Asset Replacement tksignated MUGA Restricted Funds General 65,285 20,OIXI 30,0(M) 65,285 20,0(KJ 30,O¢XJ 24,734 35,000 80,000 115,285 115,285 139,734 The Management Commtiee has set up an unrestricted deslgnated fund of £30,0(M) for a "Multi Use Games Area" Gilled a MUGA Pool for short. A further designated fund was set up for Asset Replacement which is quite common for such organisations. The deslgnated funds have been reduced glven the results for prevlous two years and to build up the general unrestricted reseNes. 16 Related Party Transactions There were no related party transacttons durlng the year (2023: None) Page 15
MOWMACRE YOUNG PEOPLES PLAY & DEVELOPMENT ASSOCIATION (LIMrrED BY GUARANTEE) nsoll FOR THE YEAR ENDED MAR 24 INCOME Leicester City Councll Other Income 104,484 98,730 1,666 107,297 100,396 EXPENDrnIRE Wages & National Insuran Travelling & Training Expenses Accommodation Charyes Activities Equlpment & Materials Building Maintsnance Insuran Telephone Charges Postage, Stationery & Administration Independent Examiner5 Fee5 Bookkeeplng Volunteer Costs Professional Fees Bank Charges 95,533 3,927 2,584 16,866 3,164 700 1,383 92,473 6,202 4,278 15,211 4,762 1,853 1,230 1,454 666 2,160 707 3,666 930 79 734 1,680 1,128 2,750 300 154 131,746 135,671 NET INCOME BEFORE TAXATION (24,449) (35,275) Corporation Tax NEf INCOME FOR THE YEAR (24,449) (35,275) FUND BALANCE BROUGHT FORWARD 139,734 175,009 FUND BALANCE CARIUED FORWARD This page does not fonn part of the statuty financial statements Page 16