**Charity Number: 1187418**
## **PLAY RADNOR / CHWARAE MAESYFED**
**ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
**PLAY RADNOR / CHWARAE MAESYFED ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **INDEX**
|Page||
|---|---|
|1 - 4|Report of the Trustees|
|5|Independent Examiner’s Report|
|6|Statement of Financial Activities|
||(including Income and Expenditure Account)|
|7|Balance Sheet|
|8 - 13|Notes to the Financial Statements|
**PLAY RADNOR / CHWARAE MAESYFED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
The Trustees present their report, together with the Financial Statements of the Charity for the year ended 31 March 2024.
## **OUR PURPOSE AND OBJECTIVES**
The object of the CIO is the provision of facilities for recreation and other occupations for children resident in the districts of Radnorshire/North Brecknock being facilities (A) of which such children have need by reason of their youth or social and economic circumstances and (B) which will improve the conditions of life for such children by promoting their physical, mental and spiritual well-being.
## **ACTIVITIES AND PERFORMANCE**
2023/24 was a successful year for Play Radnor/Chwarae Maesyfed as the organisation looks to consolidate the playhub and activities as a vital part of the community in Radnorshire. We received funding for several new projects that were only possible because of the building renovations completed in previous years, and usage of the space, participants in activities and funding income were all increased.
We have a number of core projects that have been running for a number of years and provide free support and play opportunities to local families. Our regular activities in this year included:
**Thumbs Up Club -** Providing play opportunities for children with additional needs. We recruited a new project manager in Spring, Jan Bufton, who had a lot of experience in this area of play. Funding from Children In Need has ended but future provision is being included in new bids.
**Mud and Sticks -** This outdoor project, based on land provided by Powys County Council, continued with variable numbers depending on the weather. Ruth Joiner became the leader on this project, ensuring it could continue through summer when numbers increased.
**Art Club** - The funding for this project ceased during the year but the project was completed successfully and reported on. The objectives were successfully met and future bids may be made to resume the project.
**Stay and Play** - One of our longest running projects continues to provide an important service for pre-school children and parents. It is run by volunteers from the parents and is very well attended.
## **New Activities:**
**Wildcraft** - We received funding from the Postcode Lottery Community Fund to run outdoor sessions. The project aims to engage children and young people with the outdoors with activities including den building, campfire cooking, basic woodworking, gardening, growing etc. The sessions began in summer 2023 and attendance was good from the start. New staff were also recruited to run the project.
**Healthy Eating/Cooking Club** - Funding was provided by Principality Building Society to provide healthy cooking sessions to children, young people and adults over the
period of a year. These have been very popular with young people with sessions usually full and seeing the new kitchen being used by children shows that there is a lot of potential in these sorts of activities.
**Summer Activities** - There was some HAF Llandrindod ( Holiday Activities and Food). money left over so Play Radnor were engaged to provide more summer activities, similar to the previous summer. These took place in 3 locations in or around Llandrindod and allowed us to have strong outreach into different areas of the town. We also provided play sessions in Llanwrtyd Wells and Glasbury.
## **PlayHub:**
The new facilities have been well used this year, both by the organisation and by new and existing hirers. The outdoor space has been improved through projects and funding with a new pizza oven, landscaping and addition of more outdoor toys. The kitchen has been very useful for parties and we continue to have a steady stream of hirers for this purpose. The facilities were used by Powys Teaching Health Board who wanted to run a cooking course to help people with independence, and they were also hired by a local pickling business!
The main hall has also been used by Alcoholics Anonymous and Mum’s Matter group regularly and Barcud Housing Association for a one-off event.
1
**PLAY RADNOR / CHWARAE MAESYFED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **Funding:**
Play Radnor//Chwarae Maesyfed are grateful to all our funding partners in 2023/24 for allowing us to continue providing play opportunities to children and young people in Radnorshire.
Our funders include: -Screwfix - Building improvements -Welsh Water/Dwr Cymru - New gate -Powys County Council - Warm spaces funding -Principality Building Society - Cooking sessions -Postcode Lottery - Outdoor Project/Wildcraft -Community Foundation Wales - 3 Years core funding -Woodward Charitable Trust – core funding -Powys Community Endowment – Core costs -Prince of Wales Charitable Fund– Vehicle running costs -BUPA Foundation Green Communities – Outdoors area -Pobl Trust – Purchase of toy library items -Community Matters Fund - Energy efficiency improvements -WCVA – Volunteer coordinator
## **PLANS FOR THE FUTURE**
It has been another successful year with our core activities continuing and some new projects beginning. Usage of the Hub is increasing each year and we are planning activities that give support to parents as well as children. We will have a new Volunteer Coordinator next year which will help with recruiting and training of volunteers.
The main challenges are finding and retaining staff, especially play workers. This is one of the reasons we wanted to recruit a volunteer coordinator.
Funding is also a continuing challenge and researching and writing bids takes up a lot of our Manager’s time. It would be good to see more support from Powys County Council as we provide a vital service for children and young people in Radnorshire. Having an annual core award from the council would give us a good foundation on which to build and give us a chance for longer-term planning and delivery of activity.
It is positive to see more successful bids this year, with some new funding partners which will provide core costs over a number of years.
We are undertaking the Investor in Volunteers Process to ensure our volunteer management is effective and provides the best experience for our volunteers and staff.
## **FINANCIAL REVIEW**
Total Incoming Resources in the year were £122,750 (2023 - £65,280). Expenditure was £119,945 compared to £77,062 for the previous year. Net income for the year was £2,805 compared to Net expenditure of £11,782 for the previous year. The net movement in funds were net income for Restricted Funds of £11,169 (2023 - net income of £11,782) and net expenditure for Unrestricted Funds of £8,364 (2023 - £Nil) details of which are provided in the notes to the Financial Statements.
Details of Income and Expenditure are given in the Statement of Financial Activities on page 6 of the report. The Principal Funding Sources are summarised in note 2 on page 9 of the Financial Statements.
## **RESERVES POLICY**
The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, or held in designated funds, (‘the free reserves’) held by the Charity should be approximately three months of core costs expended.The actual free reserves at 31 March 2024 were £Nil (31 March 2023 - £Nil).
2
**PLAY RADNOR / CHWARAE MAESYFED**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
Charity Name: Play Radnor / Chwarae Maesyfed Registered Charity Number: 1187418 Registered Office: The Play Hub Temple Street Llandrindod Wells Powys LD1 5HW Trustees: Owen Griffkin (Chair) Louise Bell Nicholas Tuffnell Gwawr Tuffnell Owen Howard (resigned September 2023) Lisa Horne (appointed October 2023) Bankers: CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ Independent Examiner: A C Jones BSc (Econ), FCA Andrew Jones & Co Chartered Accountants The Old Surgery Spa Road Llandrindod Wells Powys LD1 5EY
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing Document**
The Charity was incorporated as a CIO on 16 January 2020 and is governed by the Board of Trustees in accordance with its governing document .
## **Organisational Structure**
The policy and general management of the affairs of the Association shall be directed by the Trustees, an Executive Committee (‘the Committee’) which shall meet not less than four times a year and when complete shall consist of not less than three members.
## **Nomination and Election**
The Trustees shall be elected at the Annual General Meeting of the Association.
## **Risk Review**
The Trustees have conducted their own review of the major risks to which the Charity is exposed, and systems have been established to mitigate those risks. These procedures are periodically reviewed to ensure they still meet the needs of the Charity.
3
## **PLAY RADNOR / CHWARAE MAESYFED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the charity’s financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the charity, and which enable them to both ascertain the financial position of the charity and ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities issued in March 2005.
Approved by the Trustees on 29th January 2025 signed on their behalf by:
Owen Griffkin Chair
4
## **PLAY RADNOR / CHWARAE MAESYFED**
## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS TO THE TRUSTEES OF PLAY RADNOR / CHWARAE MAESYFED**
I report on the accounts of the Charity for the year ended 31 March 2024, which are set out on pages 5 to 12.
## **Respective Responsibilities of Trustees and Examiner**
The charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent Examiner’s Statement**
In connection with my examination, no matter has come to our attention:
- (1) Which gives us reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
- (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A C Jones BSc (Econ) FCA Andrew Jones & Co Chartered Accountants The Old Surgery Spa Road Llandrindod Wells Powys LD1 5EY
29th January 2025
5
## **PLAY RADNOR / CHWARAE MAESYFED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME**
**Note**
Donations and Legacies
Charitable Activities
Other Trading Activities
Other Income
**TOTAL INCOME**
2
**EXPENDITURE**
Charitables Activities
**TOTAL EXPENDITURE**
3
**NET INCOME/(EXPENDITURE)**
**BEFORE TRANSFERS**
Transfer Between Funds
**NET INCOME/(EXPENDITURE) AND NET**
**MOVEMENT IN FUNDS FOR THE YEAR**
Total Funds Brought Forward
Total Funds Carried Forward|**Unrestricted**
**Funds**
**£**
457
19,263
3,500
13,439
36,659
61,979
61,979
(25,320)
16,956
(8,364)
-
(8,364)|**Restricted**
**Funds**
**£**
-
86,061
-
30
86,091
57,966
57,966
28,125
(16,956)
11,169
18,974
30,143|**Total**
**Funds**
**Year Ended**
**31/3/2024**
**£**
457
105,324
3,500
13,469
122,750
119,945
119,945
2,805
-
2,805
18,974
21,779|**Total**
**Funds**
**Year Ended**
**31/3/2023**
**£**
-
65,280
-
-|
|---|---|---|---|---|
|||||
65,280|
|||||
77,062|
|||||
77,062|
|||||
(11,782)
-|
|||||
(11,782)
30,756|
|||||
18,974|
The statement of financial activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuing activities.
The notes on pages 8 to 13 form an integral part of these Financial Statements.
6
**PLAY RADNOR / CHWARAE MAESYFED**
## **BALANCE SHEET AT 31 MARCH 2024**
|**FIXED ASSETS**
**Note**
Tangible Assets
5
**CURRENT ASSETS**
Debtors
6
Cash at Bank and In Hand
**CURRENT LIABILITIES**
Creditors Amount Falling Due Within One Year
7
**NET CURRENT ASSETS**
**NET ASSETS**
10
**THE FUNDS OF THE CHARITY**
Unrestricted Funds
8
Restricted Funds
9
**TOTAL FUNDS**
10|**2024**
**£**
**£**
4,744
4,744
15,135
23,083
38,218
(21,183)
17,035
21,779
(8,364)
30,143
21,779|**2023**
**£**
**£**
1,417
1,417
3,270
32,312
35,582
(18,025)
17,557
18,974
-
18,974
18,974|**2023**
**£**
**£**
1,417
1,417
3,270
32,312
35,582
(18,025)
17,557
18,974
-
18,974
18,974|
|---|---|---|---|
||
|
||
||||18,974|
||||-
18,974|
||||18,974|
Approved by the Trustees on 29th January 2025 and signed on their behalf by:
Owen Griffkin Chairman
The notes on pages 8 to 13 form an integral part of these Financial Statements
7
**PLAY RADNOR / CHWARAE MAESYFED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1 ACCOUNTING POLICIES**
## **Basis of Preparation**
The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **Preparation of Accounts on a Going Concern Basis**
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
## **Exemption from Preparing a Cash Flow Statement**
The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements **.**
## **Incoming Resources**
Incoming resources including capital grants for the purchase of fixed assets are included in full in the Statement of Financial Activities when these are receivable.
Incoming resources in the form of donated assets have been included in the Income and Expenditure Account at a reasonable estimate of their value and capitalised where appropriate.
## **Resources Expended**
Resources expended are accounted for on an accruals basis inclusive of VAT which cannot be recovered.
Expenditure is directly attributable to specific activities and has been included in cost categories of costs of generating funds, charitable expenditure provision of hospice and governance of the Charity.
Where costs cannot be directly attributed to these categories in respect of administration expenses, it is estimated based on activity levels that 90% of these costs are attributable to direct charitable expenditure and 10% to governance.
## **Tangible Fixed Assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment, Fixtures and Fittings 20% on cost
## **Voluntary Help and Gifts in Kind**
No value has been put on the voluntary help received during the year.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
## **Cash at Bank and in Hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors and Provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Accounting for Separate Funds**
The financial statements of a charity must differentiate between restricted and unrestricted funds.
Restricted funds are funds subject to specific conditions, imposed by the donor or by the specific terms of the charity appeal less amounts expended for these purposes. Designated funds are income funds of the Charity which have been set aside for specific purposes, less amounts expended for these purposes. Unrestricted funds are all the other funds of the charity.
8
## **PLAY RADNOR / CHWARAE MAESYFED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**2** **INCOME**
**Donations and Legacies:**
Donations
**Income from Charitable Activities:**
Grants Receivable
Play Session
**Other Trading Activities:**
Hall Hire
Kitchen Hire
Toy Hire
**Other Income:**
Sundry Receipts
Recharge of Costs to Play Radnor
Investment Income
**TOTAL INCOME**
**GRANTS**
**Grants received in the year were as under:**
Powys County Council
Community Postcode Trust
Powys Association of Voluntary Organisations
Arnold Clark
Armed Forces Educational Trust
Lions
The Prince's Charities
Community Foundation Wales
BBC
Moondance Foundation
Carmarthen County Council
Welsh Water
Screwfix
Trusthouse
Masonic Charitable Trust
Pobl Trust
GWUK Groundworks
Prince of Wales Trust
The Woodward Trust
National Grid|**Unrestricted**
**Funds**
**£**
457
457
14,000
5,263
19,263
2,305
835
360
3,500
295
13,056
88
13,439
**36,659**
**Unrestricted**
**Funds**
**£**
-
-
-
-
-
-
-
6,500
-
-
-
-
-
-
5,000
-
-
1,500
1,000
-
14,000|**Restricted**
**Funds**
**£**
-
-
86,012
49
86,061
-
-
-
-
30
-
-
30
**86,091**
**Restricted**
**Funds**
**£**
94
24,250
-
-
-
-
-
8,583
9,782
-
-
500
5,000
28,000
-
1,000
1,881
-
-
6,922
86,012|**Total Funds**
**Year Ended**
**31/3/2024**
**£**
457
457
100,012
5,312
105,324
2,305
835
360
3,500
325
13,056
88
13,469
**122,750**
**Year Ended**
**31/3/2024**
**£**
94
24,250
-
-
-
-
-
15,083
9,782
-
-
500
5,000
28,000
5,000
1,000
1,881
1,500
1,000
6,922
100,012|**Total Funds**
**Year Ended**
**31/3/2023**
**£**
-|
|---|---|---|---|---|
|||||-|
|||||62,330
2,950|
|||||65,280|
|||||-
-|
|||||-|
|||||-
-
-|
|||||-|
|||||**65,280**|
|||||**Year Ended**
**31/3/2023**
**£**
28,560
19,904
4,000
1,000
2,950
1,200
1,500
5,000
7,408
2,438
898
-
-
-
-
-
-
-
-
-|
|||||74,858|
9
## **PLAY RADNOR / CHWARAE MAESYFED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**3** **EXPENDITURE**
**Unrestricted**
**Funds**
**Charitable Activities:**
**£**
**Costs Directly Allocated to Charitable**
**Activities:**
Wages and Salaries (Recharge from Play Radnor)
36,353
Staff Expenses
-
Staff Training
1,186
Insurances
2,361
Light and Heat
5,186
Repairs and Maintenance
858
Printing, Postage and Stationery
31
Promotion and Publicity
60
Telephone and Internet
284
Computer and Software
576
Vehicle Expenses
1,514
Legal and Professional
439
Payroll Fees
726
Bank Charges
101
Cleaning and Waste Disposal
484
Toys, Equipment and Play Resources
2,605
Activities and Events
4,497
General Running Costs
1,317
Subscriptions and Licences
521
Depreciation
-
Transfer of Grant to Play Radnor
-
Recharge of Costs from Play Radnor
-
Recharge of Governance Costs from Play Radnor
2,880
**Total Expenditure**
61,979
**Analysis of Governance Costs:**
Accountancy understated previous years
480
Accountancy
2,100
Independent Examiner’s Fee
300
2,880|**Restricted**
**Funds**
**£**
39,644
63
-
-
-
6,134
112
-
-
-
45
-
-
-
-
7,110
3,562
-
-
1,296
-
-
-
57,966
-
-
-
-|**Total**
**Funds**
**Year Ended**
**31/3/2024**
**£**
75,997
63
1,186
2,361
5,186
6,992
143
60
284
576
1,559
439
726
101
484
9,715
8,059
1,317
521
1,296
-
-
2,880
119,945
480
2,100
300
2,880|**Total**
**Funds**
**Year Ended**
**31/3/2023**
**£**
44,727
115
-
-
-
2,561
7
-
-
-
766
-
-
-
-
6,307
634
462
118
372
12,168
8,225
600|
|---|---|---|---|
||||77,062|
||||-
300
300|
||||600|
|**4** **TRANSFER BETWEEN FUNDS**
**The Transfer Between Funds In The Year Are:**
Transfer of Core costs from Unrestricted Funds to Restricted Funds|**Unrestricted**
**Funds**
**£**
16,956
16,956|**Restricted**
**Funds**
**£**
(16,956)|
|---|---|---|
|||(16,956)|
10
## **PLAY RADNOR / CHWARAE MAESYFED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**5** **TANGIBLE ASSETS**
**Cost or Revaluation**
At 1 April 2023
Additions
Disposals
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
On Disposal
At 31 March 2024
**Net Book Value**
At 31 March 2024
At 31 March 2023
**6** **DEBTORS**
Other Debtors
Prepayments
Recharge of Costs to Play Radnor
Amount Due from Play Radnor
**7** **CREDITORS: Amounts falling due within one year**
Other Creditors
Accruals
Tax and Social Security Costs
Amount Owed to Play Radnor
|**Equipment,**
**Fixtures and**
**Fittings**
**£**
1,859
4,623
-
6,482
442
1,296
-
1,738
4,744
1,417
**2024**
**£**
29
2,050
13,056
-
15,135
**2024**
**£**
162
2,400
-
18,621
21,183|**Total**
**£**
1,859
4,623
-|
|---|---|---|
|||
6,482|
|||
442
1,296
-|
|||
1,738|
|||
4,744|
|||
1,417|
|||
**2023**
**£**
3,270
-
-
-|
|||
3,270|
|||
**2023**
**£**
-
-
-
18,025|
|||
18,025|
11
## **PLAY RADNOR / CHWARAE MAESYFED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**8** **UNRESTRICTED FUNDS**
**Unrestricted Funds:**
General Funds
Total Unrestricted Funds
**9** **RESTRICTED FUNDS**
**Restricted Income Funds:**
Community Cohesion
Llandrindod Bibs
Mud and Sticks
Arts Club
Inside Out
Toy Library
Oakdale Trust
Dering Lines
Trusthouse
Local Places For Nature
Lantern Workshop
Healthy Eating Workshops
Welsh Water
Screwfix
Community Postcode
Mud and Sticks
Pobl Toy Library
BUPA Green
National Grid
**Restricted Capital Funds:**
Picnic Bench
Picnic Benches (AWPO)
Storage Container (Mud and Sticks)
Firedoors (National Grid)
Water Rill (Community Postcode)
**Total Restricted Funds**|**At 1/4/2023**
**£**
-
-
**At 1/4/2023**
**£**
590
1,052
8,693
4,427
2,248
183
364
-
-
-
-
-
-
-
-
-
-
-
-
17,557
210
1,207
-
-
-
1,417
**18,974**|**Income**
**£**
36,659
36,659
**Income**
**£**
-
-
-
-
-
-
-
-
28,000
94
49
8,590
500
5,000
24,250
9,782
1,023
1,881
6,922
86,091
-
-
-
-
-
-
**86,091**|**Expenditure**
**£**
(61,979)
(61,979)
**Expenditure**
**£**
-
(386)
(5,203)
(2,820)
(1,158)
(20)
(201)
(514)
(28,240)
(195)
-
(4,342)
(459)
(1,641)
(7,304)
(801)
(756)
(1,850)
(780)
(56,670)
(70)
(302)
(619)
(154)
(151)
(1,296)
**(57,966)**|**Transfers**
**£**
16,956
16,956
**Transfers**
**£**
-
(100)
(2,975)
(1,607)
(1,090)
-
-
514
240
101
(49)
(2,350)
-
-
(8,156)
(5,336)
-
-
(771)
(21,579)
-
-
3,096
771
756
4,623
**(16,956)**|**At 31/3/2024**
**£**
(8,364)|
|---|---|---|---|---|---|
||||||
(8,364)|
||||||
**At 31/3/2024**
**£**
590
566
515
-
-
163
163
-
-
-
-
1,898
41
3,359
8,790
3,645
267
31
5,371|
||||||
25,399|
||||||
140
905
2,477
617
605|
||||||
4,744|
||||||
**30,143**|
12
**PLAY RADNOR / CHWARAE MAESYFED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
The purposes of Restricted Income Funds are:
**Community Cohesion** - intergenerational projects.
**Llandrindod Bibs** - infant feeding group, supported by Play Radnor.
**Mud and Sticks** – 3 year funding of outdoor project for children ages 0-5 and their parents/carers.
**Arts Club** - to provide a wide range of visual arts opportunities for children and young people in Powys.
**Inside Out** - project for children aged 0-5 and their parents/carers to encourage increased outdoor play.
**Toy Library** – low cost lending service of toys and equipment for parents/carers in Powys.
**Oakdale Trust** – funding for raised beds and planting for outside space.
**Army Welfare** - to provide play opportunities at Dering Lines Army Camp.
**Trusthouse Charitable Foundation** – contributions towards running costs of the Play Hub for 3 years.
**Local Places For Nature** – funding to build a pergola, new path, seating and planters to improve the outdoor spaces at the Play Hub. Part transferred to Play Radnor.
**Lantern Workshop** – funding for the delivery of lantern making workshops.
**Healthy Eating Workshop** - funding to offer children and young people of all ages opportunities to prepare, cook and eat food together.
**Welsh Water** - funding for the fitting of a new outdoor wooden gate..
**Screwfix** - funding for improvements to the old office and art room.
**Community Postcode Lottery** - Funding for twice weekly outdoor Wildcraft project for children aged 4-12yrs.
**Mud and Sticks (2)** - funding for a weekly outdoor group for children aged 0-5 and their parent/carers.
**Pobl Toy Library** - funding for new resources and equipment for our toy library.
**BUPA Green** – funding for the pizza oven, shelter, additional planting and living wall.
**National Grid** - Funding for energy saving measures, including renewal of electric consumer unit, energy efficient lighting and new double glazed entrance doors.
## **10 ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Unrestricted Funds
Restricted Funds|**Tangible**
**Fixed**
**Assets**
**£**
-
4,744
4,744|**Net**
**Current**
**Assets**
**£**
(8,364)
25,399
17,035|**Total**
**£**
(8,364)
30,143|
|---|---|---|---|
||||
21,779|
## **11 TRUSTEES REMUNERATION AND EXPENSES**
No Trustees were reimbursed in the year for costs incurred in attending meetings and expenses incurred for volunteer work (2023 - £Nil). No costs were incurred in the year for meetings of the Executive Committee (2023 - Nil).
No Trustees were employed in the year. No other Trustee or any person connected with them has received or is due to receive any remuneration for the period directly or indirectly from the charity’s funds.
## **12 TAXATION**
Play Radnor / Chwarae Maesyfed is a registered charity and is therefore not liable to taxation.
13