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← Play Action International

2024-06-30-accounts

ANNUAL REPORT & Thnancial Year ended 30 June 2024 Statements Registered CharitylNGO: 1172875 (England & Wales}, 9716 Iuganda) & OP. 2181051122-487113011 (Kenya)

CONTENTS Foreword from the Chair Play & Education in Africa What We Do Where We Work Reflectin On the Past Year hts From 2023124 Looking Ahead- Priorities for 2024125 Thankyou! Financial Review Our Governance Statement Of Trustees, Res onsibilities Inde endent Examiner's Re ort Consolidated Statement of Financial Activities Consolidated Balance Sheet Consolidated Cash Flow Statement Consolidated Notes to the Financial Statements UK Statement of Financial Activities UK Balance Sheet UK Notes to the Financial Statements 10 12 14 19 21 22 23 24 25 26 34 35 36 PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024

FOREIIORD FROH THE CHAIR As we reflect on the past year, l am immensely proud of what we have achieved together. Despite a challenging global landscape, we have remained steadfast in our mission to transform children's lives through play, expanding our reach and deepening our impact. One of the most significant milestones this year has been our expansion to Kenya, building on the strong foundation we have established in Uganda since 2009. Our growing partnerships with local governments and organisations demonstrate the increasing recognition of play as a fundamental pillar of early childhood development. This is a momentous step forward, and we are excited about the opportunities it present5 to create lasting change in communities. At the same time, we have continued to strengthen our programmes, pioneering new approaches to play-based learning, integrating innovative training models for teachers, and advocating for policy changes that prioritise play in early education. The landmark partnership with UNICEF Uganda to fabricate 72 playgrounds in just four months is a testament to our team's ability to deliver larg&scale impact efficiently and effectively. Volunteering remains at the heart of our work, and this year, we have seen incredible growth in our international volunteering programmes. With 274 university students taking part and new countries coming on board, we are proving that young people's passion and energy can drive meaningful change. Looking ahead, we are eager to diversify our volunteering opportunities to engage a broader range of young adults and expand to new regions. None of this would be possible without the dedication and resilience of our team, volunteers, donors, and partners. In the face of economic uncertainty, rising costs, and shifting funding landscapes, your unwavering support has enabled us to push forward and continue making a difference. As we enter a new chapter, our goal is to consolidate our achievements and build on the strong momentum we have created. We are determined to expand our impact sustainably, ensuring that every child has the opportunity to learn, play, and thrive. With your support, I have no doubt that we will continue to make profound and lasting changes in the years ahead. Thank you for standing with us on this journey. Here's to another year of impact, innovation, and transformation. Dr Noorzaman Rashid Chair of Board of Trustees PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024

PLAY & EDUCATION IN AFRICA THE NUMBERS SPEAK Why Play Matters in Education Play-based learning improves cognitive skills, creativity, and problem-solving abilities in children. Research shows that integrating play into early childhood education leads to higher literacy and numeracy rates. The Current State of Play & Education in Africa Only 220/0 of children in 5ub-Saharan Africa are enrolled in pre- primary education (UNESCO, 2022). Many schools lack safe play spaces or structured play programmes. Over 80¥0 of l O-year-olds in Africa cannot read a simple text due to poor early education foundations (World Bank, 2023). Play-based learning helps close this gap by enhancing memory retention and engagement. How Play Boosts Learning Outcomes Children who engage in structured play activities show a 20% improvement in problem-solving skills (Lego Foundation, 2021 }. Schools incorporating play report higher attendance rates and reduced dropout rates. Play fosters social-emotional learning which is essential for teamworL leadership, and future success. Breaking Barriers: What Needs to Change? Build and equip more playgrounds in schools. Support teachers in using play-based learning techniques. Governments should integrate play into national curriculums. PLAY IS A NECEssrry FOR LEARNING & DEVELOPHENT PLAY AcfioN IFifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024

WHAT IIE DO We believe that every child deserves the opportunity to experience the profound benefits of play. That's why we design, develop, and deliver innovative, high-quality play facilities and play-based programmes that help disadvantaged children learn, heal, and thrive. Playgrounds As Africa's leading not-for-profit playground manufacturer, we create safe, engaging, and inclusive play spaces for children in diverse settings. Playgroups Our mobile play programmes bring play opportunities to socially excluded children, ensuring no child is left behind. Playworkers We train and support community playworkers to use play as a powerful tool for children's development. Education Our Educational Play teacher training equips educators with the skills to enhance classroom learning through play. Mental Health We use play to support trauma-affected children and those in institutions, helping them build resilience and confidence. Apprenticeships Our nationally accredited apprenticeship programme trains street- connected young people in welding and construction, providing them with l ife-changing ski I Is. Advocacy We work alongside communities and governments to raise awareness and influence policy, ensuring play is recognized as essential to child development. Through play, we transform lives. From building safe playgrounds to training educators, supporting mental health, and empowering communities, we aim for every child- no matter their circumstances to have the opportunity to learn, heal, and thrive. Together, we're shaping a brighter future, one play opportunity at a time. PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024

IIHERE IIE IIORK From our offices and workshops in Milton Keynes (UK), Jinja (Uganda), and Kisumu (Kenya), we deliver our programmes across a diverse rangeof settings, ensuring that children in some of the most challenging environments have access to the power of play. Refugee Settlements Play is vital for children affected by trauma and displacement. Since 2016, we've partnered with major INGOS to support over 250,000 refugee children in Uganda. By integrating play into emergency response, we help restore normalcy, promote healing, and support development. Rural Comrnunities Remote rural communities face major challenges, from limited services to economic hardship and climate change. In some of East Africa's most isolated regions, our work has improved school attendance, learning, and dropout rates. Our playgrounds serve as community hubs, giving children a safe space to play and families access to support. Urban Slums Children in urban slums face extreme hardships, from homelessness and violence to lack of education and safe spaces to play. Our programmes provide vital respite, offering structured play that fosters joy, learning, resilience, and social development. ECDE Centres & Primary Schools For over a decade, we have helped ECDE centres and primary schools integrate playgrounds and play-based learning. Now, we are building model ECDE centres - best-practice environments that set new standards in early years education. These centres provide safe, stimulating spaces for children while training educators and shaping early childhood education policy. Hospitals and other institutions The world is built for adults, often leaving children in environments that feel intimidating and unwelcoming. Our play-based inteNentions make these spaces more child-friendly, improving children's experiences and outcomes. From hospitals aiding recovery to safe spaces in police stations and refugee centres, we help reduce fear and support vulnerable children. PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024

REFLECTING ON THE PAST YEAR Over the past year, we have remained steadfast in our mission despite significant challenges. Our three key strategic goals- Enabling Financial Growth, Improving & Expanding Our Services, and Driving International Volunteering- have guided our efforts as we worked tirelessly to expand our reach, strengthen our partnerships, and enhance the impact of our programmes. 1. Enabling Financial Growth In Progress: Securing new corporate partnerships proved more challenging than anticipated, even with the recruitment of a Corporate Engagement & Fundraising Lead. However, we successfully established a new partnership with Miswa Chemicals while continuing strong collaborations with Gamely Games and Landmark Properties. These long-term relationships reaffirm the trust and impact we build with our partners. On the social enterprise front, we made the difficult decision to close the Play Action Academy. While free courses saw significant engagement, we struggled to convert this interest into paid enrolments. Despite this setback, we remain committed to exploring sustainable reVenu￿generating models. Volunteering continued to be a growth area, supported by the Turing Scheme, which has enabled more young people to participate in our programmes by covering international travel costs. The scheme also allowed us to reach a broader and more diverse group of volunteers through the Widening Participation Programme. 2. Improving & Expanding Our Services YES:We made significant strides in formalising strategic partnerships, including signing MOUS with the counties of Mandera and Kisumu to co-invest in constructing model Early Childhood Development and Education IECDEI centres. We also strengthened existing partnerships with UNICEF, African Revival, and Proseed. Our training programmes expanded considerably. We partnered with the New Horizons Foundation - Lupeni to provide STEM training for primary school teachers in Romania and collaborated with the Global Fund for Children IGFC) to deliver impacrful training sessions. Notably, we served as the lead training provider at GFC'S PEAK Conference in Uganda, training 28 organisations, and delivered four-day Educational Play Training sessions for thei r partners in Uganda, Ghana, and Zambia. A key innovation this year was redesigning our playground structures to use a bolt method, reducing installation time by three days and requiring fewer personnel on-site. By improving our efficiency, we aim to deliver more play opportunities for children with fewer resources. PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024

Driving International Volunteering YES:To strengthen the support available to our volunteers, we introduced mandatory Mental Health First Aid training for all lead in-country staff for our summer programmes. Our number of university partners increased to 45, and we successfully ran our first summer playground projects in Kenya. This expansion marks a significant milestone, broadening our reach and increasing the impact of our volunteering initiatives. pi ATioWI PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024

HIGHUGHTS FROH 2023124 We are immensely proud of the progress we have made in the past year. Here are some of our most significant achievements: rirst Hodel ECDE Construction in Kenya We completed our first model Early Childhood Development and Education IECDE) centre at Obwolo Primary School in Kisumu, Kenya in partnership with Peter and Marina Rahal, the County Government of Kisumu and a number of small foundations. This marks an exciting new chapterfor the charity. Additionally, we broke ground on our next ECDE projects in collaboration with County of Kisumu, at Ong'adi Primary School and Ratta Village. Expanding Volunteer Programmes This year, 274 UK university students participated in our volunteering programme, helping to build 14 playgrounds in Uganda and Kenya over the summer. Expanding our volunteering activities to new countries is a major milestone and a testament to the growing demand for our work. PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024

Securing Our Laryest Playground Tender with UNICEF Uganda We secured a landmark contract with UNICEF Uganda to fabricate 72 playgrounds across 24 districts, in Uganda, in just four months - our biggest and fastest playground project to date! The contract also included community sensitisation initiative5 and teacher training at all 72 locations, making thi5 a major milestone for the organisation. Delivering Programmes Across Six Countries For the first time in our history, we expanded our reach to six countries in a single year, launching training and playground activities in Ghana, Kenya, Romania, South Sudan, Uganda, and Zambia. This achievement underscores our growing global impact. strengthening Government Partnerships We hosted a high-profile delegation from the County Government of Kisumu in London, including His Excellency, Governor Prof. Peter Anyang, Nyong'o, First Lady Dorothy Nyong'o, Minister for Education Hon. John Awiti, and members of the County Assembly. This visit fostered a collaborative approach to transforming early childhood education in Kisumu and reinforced our commitment to long-term, government-backed solutions. This year alone, our work has directly impacted 23,500 children, while 2,021 teachers, parents, caregivers, and community members have received training to create lasting change. This past year has been one of resilience, innovation, and progress. We are deeply grateful to our dedicated teams in the UK and East Africa, our volunteers, donors, corporate and local government partners Their unwavering support enables us to continue transforming children's lives through play. As we look ahead, we are excited to build on this momentum and create an even greater impact in the years to come. PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024

LOOKING AHEAD – PRIORITIES FOR 2024/25

1. Strengthening Financial Resilience

THANK YOU!

FINANCIAL REVIE The financial review is for the consolidated accounts of our operations in the UK and Uganda th for the year ending 30 June 2024. Business Hodel The charity's fundraising model iscurrently primarilydriven by studentvolunteering projects- an annual cycle which significantly impacts the timing and level of our financial resources. The timing of fundraising income is driven by the academic calendar. Students raise sponsorship to fund their volunteering activities building playgrounds in Africa. As such, income starts to flow from Octoberas students return to universities and colleges, rises Steadily through the winter as students raise sponsorship, and reaches its peak around the months of April to June as Students reach their fundraising deadlines. Over the summer months those funds are expended on delivering the volunteering projects. In the following October, a new cycle of student fundraising commences. Income Overview The past few years have been a journey of resilience and recovery following the challenges brought by the COVID-19 pandemic. As an organisation heavily reliant on international volunteering and fundraising, the restrictions on global travel had a profound impact on our income. In 2021, volunteering income fell to just £26,922 - the lowest in our history. However, we are proud to celebrate that this year, volunteering income has not only recovered but has exceeded pre-pandemic levels, reaching an impressive £579,547. Sources of Income 2024 GiftAid £29,735 Volunteering £579,547 Donations & Grants £219,363 Regular Giving & Other £30,958 We have also seen encouraging progress in other areas. Receipts from regular giving and other income streams have returned to prfrpandemic levels. Donations and grants have also shown some recovery, increasing from £1 10,669 in 2023 to £219,363 in 2024, but they remain significantly below pr￿C0vID levels. Compared to the £709,932 we received in grants and donations in 2019, we are still facing a nearly 70% shortfall in this critical funding stream. PLAY AcfioN IKfERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 14

Source of Income 2019 - 2024 £800,000 2019 W2020 12021 12022 ll2023 •2024 £700,000 £600,000 £500.000 £400,000 £300,000 £200,000 £ioo,000 £0 Donations & Grants Gift Aid Volunteering Regular Giving & Other Several factors contribute to this ongoing challenge. Reductions in UKAID funding and the ODA (Official Development Assistance) budget have impacted the availability of grants for major international projects. Additionally, we have observed a shift in funding priorities, with many donors focusing on national charities and high-profile global crises, such as the wars in Ukraine and Gaza. These changes in the funding landscape present ongoing challenges, but they also highlight the need for diversification and innovation in our fundraising approach. Despite thesefinancial hurdles, our recovery continues. The growth in volunteering and regular giving reflects a renewed commitment from our supporters, and we remain determined to rebuild our income streams to ensure the sustainability of our mission. Expenditure Overview Our commitment to efficiency and maximising impact is evident in this year's expenditure. Despite a modest increase in fundraising costs - rising from £37,404 in 2023 to £49,799 in 2024, 94 % of our expenditure was directly related to the delivery of our charitable activities. While we acknowledge that our expenditure on charitable activities has notyet returned to pre-pandemic leve151£1,214,046: 2019), we are moving in the right direction as our income base continues to grow. Spending on charitable programmes increased by nearly 600/0, from £495,496 in 2023 to £785,268 in 2024. This trend reflects our strategic approach to recovery, ensuring that we rebuild sustainably while maintaining financial resilience. Exepnditure Analysis Charitable Activities vs Raising Funds £1,400,000 £1,200,000 £1,000,000 £800,000 £600,000 £400,000 £200,000 £0 2019 2020 2021 2022 2023 2024 Raising Fu nds M Charitable Activities PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 15

This growth highlights our ongoing commitment to keeping overheads low, ensuring that the maximum of available funds go directly to 5UPPOrting children and communitie5. Compared to pre-pandemic levels, we have maintained a lean and eflicient cost structure, allowing us to scale up impact without a proportionate rise in fundraising expenses. As we continue our path to full recovery, we remain focused on delivering high-impact programmes while maintaining financial sustainability. Our ability to expand our charitable work so significantly while keeping fundraising costs controlled is a testament to the dedication and efficiency of our team and supporters. Summary The past few years have tested the charity like never before. The pandemic brought the greatest crisis in our history, causing a severe drop in income and forcing us to make difficult decisions to ensure the survival of our mission. However, the numbers now tell a story of recovery and renewal. 2019- 2024 Comparative Overview £1,400,000 £1,200,000 £i,(HJo,000 £800,000 £600,000 £400,000 £200,000 £0 Income Expenditure Funds Carri Forward -£200,000 2019 W2020 12021 •2022 ll 2023 12024 In 2022, our income had fallen to £493,638, well below our expenditure of £662,695 as we sought to honour existing programmes, resulting in a deficit of £98,254. Even in 2023, while our finances improved, we still carried forward a deficit of £20,850. This year, however, marks a turning point- our income has risen sharply to £893,868, outpacing our expenditure of £848,004, allowing us to carry forward £25,014, a strong signal that our charity continues on the path to recovery. This achievement is not just about numbers - it is about the incredible people who have made this possible. We express our deepest gratitude to our teams in the UK and East Africa, whose dedication and sacrifices ensured our survival through the hardest of time5. Their unwavering commitment has kept us moving forward, even in the face of uncertainty.we also extend our heartfelt thanks to our Board, who have continued to place their faith in our mission and our recovery. Their guidance and belief in the future of Play Action International have been invaluable. To our volunteers, who have shed sweat and tears raising funds, championing our work, and building the most wonderful play structures for children in Uganda and Kenya, we owe you everything. Your passion and hard work are at the heart of what we do. Finally, to our donors and partners, whose continued generosity has sustained us, we are deeply grateful. Your support allows us to reach more children, create more opportunities, and build a brighter future. With our income base strengthening and expenditure growing in alignmentwith our impact, weare confident that Play Action International is now on an upward trajectory. There is still work to be done, but with the collective power of our team, sUPPOrters, and community, the future is bright. PLAY AcfioN IKfERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 16

RESERVES POLICY The Board of Trustees has an agreed reserves policy, and it reviews the a550ciated risks on a regular basis. Play Action International is committed to the prudent use of funds it receives as soon as is practical to achieve its mission whilst recognising the need to have reserves in place to ensure the continuation of our operations in the event of an unforeseen downturn. Using the budget, the board determines on an annual basis the level of unrestricted reseNes required to meet the organisation's liabilities and the appropriate funds required to continue providing its services. It is the policy of the trustees to maintain the level of unrestricted funds at a level equal to three months of the charitys anticipated working capital needs. As at 30 June 2024, the charitys reserves continued to fall short of three monthsworking capital. In response to this financial position, the Board ofTrustees meet every month to monitorfinancial results and forecasts. The Board and Senior ManagementTeam have implemented a post- COVID recovery plan to ensure the charity rebuilds its revenue streams and reserves whilst also meeting the financial liabilities incurred during the pandemic e.g. Business Bounce Back Loan. Once the charity achieves its current reserves target of three months operating costs, the Board will review its Reserves Policy. CASH FLOII AND OVERDRAFT POLICY Due to the timing of the academic year and the seasonal nature of our fundraising, the charity currently makes Use of an overdraft in the autumn months (see BUSINESS MODEL above). We use this overdraft as a 5hort-term measure that enables us to bridge the cash flow gap between our expenditure and the commencement of a new fundraising cycle. We are committed to maintaining this facility at a modest level and our intention is to reduce reliance on it as we rebuild our cash reserves. RISK NANAGEHENT The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to manage those risks. The trustees consider that they have taken adequate steps to ensure compliance with this duty. The CEO and Board of Trustees maintain a pr(Factive approach to identifying, managing, and mitigating risks to the charity and its operations. A risk register is maintained, which identifies significant risks, along with the probability of such risks occurring, the likely level of impact, together with mitigating action to reduce the charitls exposure as appropriate. Particular attention is given to those risks which have the potential to have the greatest impact on the charity. These include risks associated with safeguarding, reputation, financial managemenL funding, international partnerships and health and safety as well as residual pandemic risks Procedures to mitigate other identified significant risks are implemented covering areas such as staff retention, erosion of values, mission drift and efficiency. Operational risks are managed on a day-to-day basis by management, whilst strategic risks are reviewed regularly, ensuring mitigation actions are progressing to plan and risks are consistently being minimised. This is formally presented to the trustees and assessed on a semi-annual basis. • Fundraising Hodel We continue to evaluate the risk associated with our unique fundraising model and its inherent tie to the academic year. Measures are in place to monitor and manage this risl ensuring that our financial strategy effectively navigates the cyclical nature of our income, safeguarding the charity's financial health, and its ability to deliver impacrful projects. Funding The UK international development sector is facing a crisis due to the reduction in trusts & foundations supporting international project5 and the increased competition for such available grants. The team continue to be creative as they seek new channels for income generation and are investing heavily in developing our international volunteering programme as well as securing corporate partnerships. PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 17

Cashflow Due to the timing of the academic year and the seasonal nature of our fundraising model, the charity currently makes use of an overdraft in the autumn months Isee BUSINESS MODEL above). We use this overdraft as a short-term measure that enables us to bridge the cash flow gap between our expenditure and the commencement of a new fundraising cycle. We are committed to maintaining this facility at a modest level and our intention is to reduce reliance on it as we rebuild our cash reserves. INVESTMENT POLICY The Board of Trustees, having regard to the liquidity requirements of operating the charity, reserves when available, are held in an interest-bearing deposit account. PUBLIC BENEFIT In all matters, the trustees have had due regard for the guidance published by the Charity Commission on public benefit. PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 18

OUR GOVERNANCE East African Playgrounds became a charitable incorporated organisation (CIO) in April 2017. We changed our name to Play Action International in August 2020. The charity is governed under its Constitution which was last amended in July 2020. CHARITY OBJECTS The objects of our charity are to advance in life and relieve the needs of disadvantaged children and young people in Africa and across the world through: al The provision of educational play facilities, resources, activities and training programmes provided in the interest of social welfare, designed to improve their conditions of life,. and bl Providing support and activities which develop their skills, capacity, and capabilities to enable them to participate in society as independenL mature and responsible individuals OUR BOARD & COMMITTEES The governing body of Play Action International is the Board of Trustees. Trustees serve an initial term of three years and are eligible for reappointment. Trustees ensure that the charity carries out its aims and objective5 for public benefit. The Board is responsible for overseeing the governance of all Play Action International's work and delegates the day-to-day management to the Chief Executive Officer (CEO). The Trustees remain collectively responsible for the charity. The Board met quarterly. At each meeting Trustees reviewed the charitys overall progress against agreed annual objectives, the financial position against the approved budget and organisational risks based on reports from the CEO and Treasurer. The Board has delegated specific responsibilities to the Finance Committeewhose membership is appointed by the Board. The Finance Committee is responsible for ensuring effective oversight of the charity'5 financial position - ensuring that financial risks are mitigated, that strong internal controls are maintained, and charity assets are used effectively. Since September 2020, the Finance Committee has met monthlyto ensure effective monitoring of our financial position and to rapidly implement remedial strategies, as necessary, as we continue to feel the economic effects of the pandemiclsee 'Reserves Policy,). RECRUITMENT, INDUCTION & TRAINING OF TRUSTEES When recruiting new Trustees, the Board gives regard to the skills, knowledge and experience needed for the effective administration of the CIO with a particular focus on key areas including financial management, safeguarding, legal, education and international development. We regularly review the skills, expertise and contribution of our Trusteesto identify any gaps and development needs. Play Action International operates an equal opportunities and diversity policy and encourages applications from diverse backgrounds to reflect the nature of our work and our primary beneficiaries. Trustees are appointed following open promotion of vacancies. Interviews are conducted by the Chairand CEO, with input from otherTrustees as required. New Trustees complete and sign a declaration of interest, anti-bribery policy, fit and proper person's declaration, Play Action International's code of conduct, safeguarding policy and undertake an Enhanced DBS check. All new Trustees receive a structured induction programme that covers all aspects of the role, an overview of the organisation and safeguarding training. Trustees receive an induction pack that includes copies of the charitys constitution, safeguarding policy, code of conduct, strategy, budgeL previous year's annual accounts and minutes of the Board's previous four meetings. PLAY AcfioN iTrifERNATIONALANNUAL REPORT & FINANCIALSTATEMENTS YearEnded 30thJune 2024 19

REPORTED CONFLICTS OF INTEREST During this financial year no conflicts of interests were reported by Trustees. KEY MANAGEMENT REMUNERATION Play Action International's Senior Management Team ISMT) consists of the Regional Director for Africa and CEO. The salaries of SMT staff are based on the same approach we use for all employees. All remuneration is reviewed annually by the charity's Board and benchmarked against salaries of comparable organisations. CHARITY NAME Play Action International lor"PAII operates in Uganda as East African Playgrounds INGO reg. no. 97161 and in Kenya as Play Action International Kenya (OP. 218/051122487113011). CHARITY NUMBER (UKJ 1172875 (previously registered as11292441 CHARITY CONTACT DETAILS REGISTERED OFFICE & PRINCIPAL ADDRESS Challenge House, Sherwood Drive, Bletchley, MK 3 6DP CHARITY WEBSITE www.playactioninterntional.org OUR MANAGEMENT BOARD OF TRUSTEES Dr Noorzaman Rashid Ichair) Alex Minford (Treasurer) Rob Taylor Anuraag Parashar CHIEF EXECUTIVE OFFICER Murielle Maupoint OTHER INDEPENDENT EXAMINER YP Finance Chartered Accountants Hawthorne House 17a Hawthorne Drive Leicester LE5 6DL BANKERS The Co-operative Bank POBox101 l Balloon Street Manchester M60 4EP PLAY AcfioN iTrifERNATIONALANNUAL REPORT & FINANCIALSTATEMENTS YearEnded 30thJune 2024 20

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

OF PLAY ACTION INTERNATIONAL

CONSOUDATED STATEMENT OF FINANCIAL ACTIVITIES For the year ended 30th June 2024 Year to 30106124 Total Funds Period to 30106123 Total Funds Unrestricted Restricted Funds Funds Note INCOMING RESOURCES Income & Endowments from: Donations & legacies Other trading activities Investments Other 640,240 19,780 43 14,442 219,363 859,603 19,780 43 14,442 614,718 1,283 1,756 Total incoming resources 674,505 219,363 893,868 617,761 RESOURCES EXPENDED Expenditure on: Raising funds Charitable activities Play & Apprentice Programme Other Interest Payable 49,779 49,779 37,404 565,905 4,066 8,891 219,363 785,268 4,066 8,891 495,496 6,773 684 Total resources expended 628,641 219,363 848,004 540,357 NET INCOME I (DEFICIT) 45￿64 45,864 77,404 RECONCILIATION OF FUNDS Total funds brought forward 120,8501 120,8501 198,2541 TOTAL FUNDS CARRIED FORWARD 25,014 25,014 (20,850) PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 23

CONSOLIDATED BALANCE SHEET

Dr Noorzaman Rashid

Alex Minford, FCA

CONSOUDATED CASH FLOH STATEMENT For the year ended 30th June 2024 Yearto 30106124 Total Funds Period to 30106123 Total Funds Unrestricted Funds Restricted Funds Note Cash flows from operating activities Net cash provided by operating activities 16 48,023 48,023 156,200 Cash flows from Investing activities Purchase of tangible assets Disposal of tangible assets 7,695 7,695 7,695 7,695 Cashflows from financing activities Bank loans & overdrafts 19,952) 19,9521 168,297) (DECREASE)IINCREASE IN CASH & CASH EQUIVALENTS IN THE YEAR 45,766 45,766 87,903 CASH &CASH EQUIVALENTS At the beginning of the period At the end of the period 95,184 140,950 95,184 140,950 7,281 95,184 NETCHANGE IN CASH &CASH EQUIVALENTS IN THE YEAR 45,766 45,766 87,903 PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 25

CONSOUDATED NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th June 2024 1. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements have been prepared underthe historical cost convention, and in accordancewith the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UKand Republic of Ireland IFRS 102) leffective l January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102), and with the Charitie5 Act 2011. The charity is a public benefit entity as defined in FRS 102. The charity amended its accounting date to 30 June with effectfrom the reporting period to 30 June 2023,. this is to align the results and financial position more closely with the charity's funding cycle. These financial statements cover a twelve-month period with nine-month comparison as last reported. The Consolidated Balance Sheet and Statements of Financial Activities and Cash Flow consolidate the financial statements of the charity and its Ugandan operation (East Africa Playgrounds I"EAP")}; which is incorporated in Uganda as a Non-Government Organisation (registration number 97161. EAP is fully controlled by the UK operation (Play Action International Ltdl as it appoints the board and Managing Director of EAP. The Ugandan operation, which is structured as a non-profit membership organisation in Uganda, prepares separate financial statements for the year ending 30, June, which are available on request. These statements are prepared in accordance with International Financial Reporting Standards for SMES. The Ugandan auditors, J T & Partners, who conducted and audit in accordance with International Standards on Auditing, gave an unqualified audit opinion for the year ended 30, June2024. A separate Balance Sheet and Statement of Financial Activitie5 is presented representing the activities of the UK operation. Fund accounting Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Unrestricted fund5 can be used in accordance with the charitable objective5 at the discretion of trustees. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income, any performance conditions attached to the income have been met, it is probable that the income will be received, and the amount can be quantified with reasonable accuracy. In the case of performance related grants or long-term contract income, income entitlement is considered to be conditional upon delivery of a specified level of service. Income is therefore recognised to the extent that the charity has delivered the service or activity. The expenditure incurred to date is used as a reasonable estimate or approximation of the charity's performance and so income entitlement. Any such income not recognised in the year will be carried forward as deferred income and is included in liabilities in the balance sheet to reflect the matching of such income with future activities. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure on raising funds includes all expenditure incurred by the charity to raise fund5 for its charitable purposes and comprises the direct costs of fundraising, costs for fundraising events and promotions, the staff in these areas and an appropriate allocation of support costs. PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 26

Charitable expenditure includes costs incurred in the furtherance of its charitable objectives, in addition to Costs of recruiting and selecting volunteers for the volunteer programmes and an appropriate allocation of support costs. Support costs include UK staff, office and administrative costs and finance costs, as well as governance costs. Governance costs are those costs related to the governance of the charity as opposed to the day-to-day management of the charity's activities. Included within this category are independentexaminer costs and trustee expenses. Support costs are allocated to expenditure purpose heading on the basis of the full-time equivalent number of staff contributing towards each purpose. Grants Grants are accounted for in line with performance of the activities for which the grant was provided or other performance related conditions. Taxation The charity is exempt from tax on its charitable activities. Operating leases Rental payments under operating lease5 arecharged as expenditure as incurred overthe term of the lease. The charity does not have any assets held under finance lease. Tangible fixed assets Expenditure of a capital nature costing more than £1,000 in the UK or more than UGX I million in Uganda is capitalised at cost. Items below these thresholds are expensed as incurred. Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rate5 in order to write off each asset over it5 useful economic life: Office equipment and motor vehicles Tools, equipment, fixtures and fittings Other assets and liabilities Debtors and creditors are stated at the settlement amount after any applicable discounts. Cash and bank deposits are stated at the cash amount. Deferred income relates to the timing differences between donations received in respect of performance related grants or long-term contract income and the recognition of income relating thereto in the Statement of Financial Activities based on the income recognition accounting policy outlined above. Foreign currencies Assets and liabil ities in foreign currencies are translated into Sterl ing at the rates of exchange ruli ng at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account through the Statement of Financial Activities. 12.5 % on cost and 20% on cost 12.5Wo on cost Foreign exchange forward contracts are included on the balance sheet at their fair value and realised and unreal ised gains lor losses) are credited / (debited) to the Statement of Financial Activities. PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 27

  1. INCOME FROM DONATIONS & LEGACIES- CONSOLIDATED Yearto 30106124 Total Funds Period to 30106123 Total Funds Unrestricted Funds Restricted Funds Institutional donations & grants Gift aid Volunteer fundraising & contributions to partici pation costs Regular giving & other donations 219,363 219,363 29,735 110,669 49,067 29,735 579,547 30,958 579,547 30,958 429,897 25,085 640,240 219,363 859,603 614,718 Institutional grants and donations of £5,000 and above in the year ended 3(Y June 2024, and included in the above, are as follows: Programme (see Note 15) Uganda programme South Sudan programme Kenya programme Uganda programme Uganda programme Romania programme UNICEF African Revival Miswa Chemicals Limited Mustard Seed Academy Transformation Ministries New Horizons Foundation {Lupeni) Proseed Charitable Trust Gamely Limited Teach the Children £111,526 £33,690 £10,000 £8,845 £8,212 £7,907 £7,500 £6,314 £5,238 Kenya programme Kenya programme Uganda programme
  2. INCOME FROM OTHER TRADING ACTIVITIES - CONSOLIDATED & UK Year to 30106124 Period to 30106123 Training Lottery & Raffles Commissions Other 9,358 1,383 9,039 1,283 1,283 19,780

  3. INVESTHENT INCOME- CONSOLIDATED & UK Year to 30106124 Period to 30106123 Interest receivable 43 PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 28

  4. OTHER INCOME- CONSOLIDATED & UK Year to 30106124 Period to 30106123 Insurance claims Income from asset disposals & other income 6,936 7,506 1,756 14,442 1,756 G. EXPENDITURE - CONSOLIDATED Direct costs Allocation ofsupport costs Yearto 30106124 Total Period to 30106123 Total Expenditure on: Raising funds Charitable activities: Play & apprenticeship programmes Other Interest payable 49,779 49,779 37,404 835,047 4,066 8,891 848,004 {49,779) 785,268 4,066 8,891 848,004 495,496 6,773 684 540,357 Direct costs include foreign exchange gains recognised during the year of £2,80612022123: £372) on remittances between the UK and Uganda.

  5. SUPPORT COSTS- CONSOLIDATED & UK Year to 30106124 Period to 30106123 UK Staff costs Management & administration costs Charity running costs Governance costs 182,069 78,715 41,464 2,061 93,180 53,439 18,427 1,900 304,309 166,946 Year to 30106124 Period to 30106123 GOVERNANCE COSTS Independent examiner's remunerations Examination services Trustee expenses Legal & regulatory DBS & Safeguarding 1,800 1,900 261 2,061 1,900 PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 29

STAFF COSTS- CONSOLIDATED Year to 30106124 Period to 30106123 Wages & salaries Social security costs Pension costs 227,059 15,299 3,627 245,985 143,525 13,319 2,291 159,135 The average monthly number of employees during the year was as follows: Year to 30106124 Period to 30106123 UK- Management UK- Administration & 5UPPOrt Uganda 23 29 26 31 The Chief Executive Officer ("CEO") is considered to be the key management of the charity. Murielle Maupoint was CEO throughout the period and remuneration paid to her during the year was £71,767 (2022123: £51,702. No other employees received emoluments in excess of £60,000. TRUSTEES, REMUNERATION & BENEFITS - CONSOLIDATED & UK The trustees do not receive any remuneration for their services. Trustees are re-imbursed for their travel expenses in attending trustee meetings. £Nil travel costs were re-imbursed in the current year;12022123: £Nil). 10. TANGIBLE FIXED ASSETS - CONSOLIDATED Office equipment & motor vehicles Tools, equipment, fixtures & fittings Totals COST At 1"July 2023 Additions Disposals 6,333 40,520 46,853 (1,182) {2,0561 (3,2381 th At 30 June2024 5,151 38,464 43,615 DEPRECIATION At I"July 2023 Charge for the period Eliminated on disposal 5,347 848 11,2081 24,355 3,698 11,5711 29,702 4,546 12,7791 th At 30 June2024 4,987 26A82 31,469 NET BOOKVALUE At 30th June 2024 164 11,982 12,146 At 15tJuly 2023 986 16,165 17,151 PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 30

  1. DEBTORS: AMOUNTS FALLING DUE HITHIN ONE YEAR- CONSOLIDATED 30106124 30106123 Accrued income Trade debtors Other debtors 65,805 169 2,127 68,101 3,163 3,163 Accrued income balance are released to the Statement of Financial Activities the year in line with performance.
  2. CREDITORS: AnouNTS FALLING DUE HITHIN ONE YEAR - CONSOLIDATED 30106124 30106123 Bank loans Bank overdraft Trade creditors Other creditors Trustee loans Accrued expenses Taxation & social security 10,650 11,537 9,846 41 5,000 140,536 18,328 184,401 17,210 41 5,000 46,049 35,663 115,500 The Bank Loan and Overdrafts represents a Bounce Back Loan i55ued under the government scheme to support businesses and charities impacted by the COVI-19 pandemic. The loan was drawn down in July 2020. No repayments were due in the first 12 months of the loan; thereafter the repayment term is 6 years from drawdown. The interest rate for the loan is 2.5% per annum,. the government covers interest payments for the first 12 month. The scheme offers the lender a I 00% government guarantee, but the borrower remains 100 % liable for the loan. Trustee loans are non-interest bearing, unsecured and repayable on demand.
  3. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR- CONSOLIDATED 30106124 30106123 Bank loans 11,782 11,782 20,848 20,848

  4. OBLIGATIONS UNDER OPERATING LEASES- CONSOLIDATED & UK At the balance sheet date, the total future minimum lease payments under non-cancellable operating leases in respect of office equipment were: 30106124 30106123 Within one year Within two to five years After five years 1,440 880 1,440 880 2,320 2,320 PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 31

  5. CHARITY FUNDS - CONSOLIDATED At 01107123 At 30106124 Income Expenditure Restricted funds Uganda play programme South Sudan programme Kenya programme Romania programme UNICEF 40,426 33,690 25,814 7,907 111,526 140,4261 133,6901 125,8141 {7,907} 1111,526) Total restricted funds 219,363 (219,363) Unrestricted funds General funds 120,8501 674,505 1628,641) 25,014 TOTAL FUNDS (20,850) 893,868 (848,004) 25,014 At 01110122 At 30106123 Income Expenditure Restricted funds Uganda play programme UK programme Kenya programme 102,106 1102,106) 18,7921 18,5631 8,792 8,563 Total restricted funds 8,792 110,669 Unrestricted funds General funds (107,046) 507,092 {420,896) {20,850) TOTAL FUNDS (98,254) 617,761 (540,357) (20,850) Restricted funds Grants are sought and received towards the specific costs of our principal programmes: i) Uganda play programme, where funds are applied in disadvantaged communities, including refugee settlements, to install playgrounds, and provide play-based training for these communities; ill our Kenya programme, where funds are applied to extend our community and refugee play programmes into Kenya; iii) in South Sudan funds provided playgrounds; iv) in Romania PAI provided play-based STEM training to primary school teachers; and v) UNICEF funded playgrounds and teacher training in Uganda. These funds are treated as restricted until such funds are spent. General funds General funds are unrestricted funds in hand and are available to the charity to meet its objectives. PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 32

1G. CASH FLOII STATEMENT Unrestricted Restricted Funds Funds Yearto 30106124 Period to 30106123 Reconciliation of net income to net cash flows from operating activities Net surplus forthe year Adjusted for: Depreciation IGain)/Loss on disposal of Fixed Assets {Increase)/decrease in debtors Increaselldecrease) in creditors 45,864 45,864 77,404 4,546 17,2361 164,939) 69,788 4,546 17,2361 164,9391 69,788 4,237 13,836 28,927 31,796 Net cash generatedl(absorbed) by operating activities 48,023 48,023 156,200 17. RELATED PARTY DISCLOSURES No trustee or other person related to the charity had any personal interest in any contract or th transaction entered into by the charity during the year ended 30 June 2024 nor during the period ended 30, June 2023. 18. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES Period to 30106123 Total Funds Yearto 30109122 Total Funds Unrestricted Restricted Funds Funds Note INCOMING RESOURCES Income & endowments from: Donations & legacies Other trading activities Investments Other Total incoming resources 504,049 1,283 110,669 614,718 1,283 483,536 1,756 507,092 1,756 617,761 10,099 493,638 110,669 RESOURCES EXPENDED Expenditure on: Raising funds Charitable activities Play & Apprentice Programme¢ Other Interest Payable Total resources expended 37,404 37,404 51,120 376,035 6,773 684 420,896 119,461 495,496 6,773 684 540,357 610,047 406 1,122 662,695 119,461 NET INCOME I (DEFICIT) 86,196 (8,792) 77,404 (169,057) RECONCILIATION OF FUNDS Total funds brought forward {107,046) 8,792 198,254) 70,803 TOTAL FUNDS CARRIED FORWARD (20,850) (20,850) (98,254) PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 33

UK STATEMENT OF FINANCIAL ACTIVITIES For the year ended 30th June 2024 Yearto 30106124 Total Funds Period to 30106123 Total Funds Unrestricted Restricted Funds Funds Note INCOMING RESOURCES Income & endowments from: Donations & legacies Other trading activities Investments Other 640,241 14,709 75,671 715,912 14,709 566,987 1,283 Total incoming resources 654,950 75,671 730,621 568,271 RESOURCES EXPENDED Expenditure on: Raising funds Charitable activities Play & Apprentice Programmes 49,779 49,779 37,404 538,709 75,671 614,380 396,524 Other Interest Payable 2,509 684 8,891 8,891 Total resources expended 597,379 75,671 673,050 437,121 NET INCOME I (DEFICIT) 57,571 57,571 131,150 RECONCILIATION OF FUNDS Total funds brought forward {14,197) {14,197) {145,347) TOTALFUNDS CARRIED FORWARD 43,374 43,374 (14,197) PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 34

UK BALANCE SHEET

Dr Noorzaman Rashid

Alex Minford, FCA

UK NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th June 2024 1. UK: INCOME FROM DONATIONS & LEGACIES Yearto 30106124 Total Funds Period to 30106123 Total Funds Unrestricted Funds Restricted Funds Institutional donations & grants Gift aid Volunteer fundraising & contributions to volunteer participation costs Regular giving & other donations 75,671 75,671 62,938 29,735 29,735 49,067 579,547 579,547 429,857 30,959 30,959 25,085 640,241 75,671 715,912 566,987 Institutional grants and donations of £5,000 and above in the year ended 3(Y June 2024, and included in the above, are as follows: Programme (see Note 15) South Sudan programme Kenya programme Romania programme Kenya programme Kenya programme African Revival Miswa Chemicals Limited New Horizons Foundation (Lupeni) Proseed Charitable Trust Gamely Limited £33,690 £10,000 £7,907 £7,500 £6,314 2. UK: EXPENDITURE Allocation of support costs Year to 30106124 Total Period to 30106123 Total Direct costs Expenditure on", Raising funds Charitable activities". Play & apprenticeship programmes Other Interest payable 49,779 49,779 37,404 664,159 {49,779) 614,380 396,524 2,509 684 8,891 8,891 673,050 673,050 437,121 Support costs are allocated to expenditure purpose headings on the basis of the number of full- time equivalent staff contributing towards each purpose. Included in the expenditure on charitable activities is £278,158 {2022-23: £171,739) remitted to PAI'S Ugandan operations. PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 36

  1. UK: DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30106124 30106123 Trade Debtors Prepayments Other debtors 169 169 989 2,000 1,158 2,000
  2. UK: CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30106124 30106123 Bank loans Bank overdraft Trade creditors Trustee loans Other creditors Accrued expenses Taxation & social security 10,650 11,537 9,846 5,000 41 21,786 18,328 17,211 5,000 41 3,147 35,663 65,651 72,599 The Bank Loans represents a Bounce Back Loan issued underthe government scheme to support businesses and charities impacted by the COVI-19 pandemic. The loan was drawn down in July
  3. No repayments were due in the first 12 month of the loan; thereafter the repayment term is 6 years from drawdown. The interest rate for the loan is 2.5% per annum", the government covers interest payments for the first 12 month. The scheme offers the lender a 1000 government guarantee, but the borrower remains l 00 % liable for the loan.
  4. UK: CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR 30106124 30106123 Bank loans 11,782 20,848 11,782 20￿48 PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 37

G. UK: CHARITY FUNDS At 30106124 At 01107123 Income Expenditure Restricted funds Uganda play programme South Sudan programme Kenya programme Romania STEM programme 16,574 33,690 17,500 7,907 116,5741 133,690) 117,5001 {7,9071 Total restricted funds 75,671 (75,671) Unrestricted funds General funds (14,197) 654,950 (597,379) 43,374 TOTAL FUNDS (14,197) 730,621 (673,050) 43,374 At 01110122 At 30106123 Income Expenditure Restricted funds Community play programme Kenya programme UK programme Programme development 45,375 9,000 145,3751 19,0001 18,7921 18,5631 8,792 8,563 Total restricted funds 8,792 62,938 (71,730) Unrestricted funds General funds (154,139) 505,333 1365,391) {14,197) TOTAL FUNDS (145,347) 568,271 (437,121) (14,197) Restricted funds Grants are sought and received toward5 the Specific costs of our three programmes: i) Uganda play programme, where funds are applied in disadvantaged communities including refugee settlements to install playgrounds, and provide play-based training for these communities,. ill our Kenya programme, where funds are applied to extend our community and refugee pay programmes into Kenya, iii) South Sudan funds provided playgrounds; and iv) in Romania PAI provided STEM training to primary school teachers," and vl UK programme, where funds are applied to develop community play activities in the UK. and vi) Programme Development, where funds are applied to develop new areas of activity; for example plastics recycling. These funds are treated as restricted until such funds are spent. General funds General funds are unrestricted funds in hand and are available to the charity to meet its objectives. PLAY AcfioN IKfERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 38

  1. UK: COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES Yearto 30106123 Total Funds Yearto 30109122 Total Funds Unrestricted Restrirted Funds Funds Note INCOMING RESOURCES Income & endowments from: Donations & legacies Other trading activities Investments Other 504,049 1,283 62,938 566,987 1,283 402,548 6,125 Total incoming resources 505,333 62,938 568,271 408,676 RESOURCES EXPENDED Expenditure on: Raising funds Charitable activities Play & Apprentice Programmes 37,404 37,404 51,120 324,794 71,730 396,524 504,363 Other Interest Payable 2,509 684 2,509 684 405 1,122 Total resources expended 365,391 71,730 437,121 557,010 NET INCOME I (DEFICIT) 139,942 (8,792) 131,150 (148,334) RECONCILIATION OF FUNDS Total funds brought forward 1154,139) 8,792 1145,347) 2,987 TOTAL FUNDS CARRIED FORWARD (14,197) (14,197) (145,347) PLAY AcfioN iTrifERNATIONAL ANNUAL REPORT & FINANCIAL STATEMENTS Year Ended 30th June 2024 39