REGISTERED CHARITY NUMBER: 1190286
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for Playing On CIO
Playing On CIO
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 |
Playing On CIO
Report of the Trustees
for the Year Ended 31 March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1190286
Registered office
5 Hyndewood Inglemere Road London SE23 2BH
Trustees
Michael Amaning - Trustee Suzanna Whitefield - Trustee (resigned) Adam Moll - Chair Aisha Bywaters - Trustee (resigned) Andrew Fitzroy Alphanso - Trustee (appointed 23.9.21) Nigel Godfrey - Trustee (appointed 29.9.21)
Approved by order of the board of trustees on………………… and signed on its behalf by:
……………………………………. Adam Moll - Chair
Page 1
Independent Examiner's Report to the Trustees of Playing On CIO
Independent examiner's report to the trustees of Playing On CIO ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sajjad Jaffer FCCA Harris Accountancy Services Ltd Cobalt Square, 83 Hagley Road Birmingham B16 8QG
11 May 2022
Page 2
Playing On CIO
Statement of Financial Activities for the Year Ended 31 March 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 79 Charitable activities Sales - services 71,050 Total 71,129 EXPENDITURE ON Charitable activities Services 48,376 Other 1,200 Total 49,576 NET INCOME 21,553 RECONCILIATION OF FUNDS Total funds brought forward 9,268 TOTAL FUNDS CARRIED FORWARD 30,821 |
Year Ended 31.3.22 Restricted Total funds funds £ £ 60,129 60,208 - 71,050 60,129 131,258 22,039 70,415 - 1,200 22,039 71,615 38,090 59,643 - 9,268 38,090 68,911 |
Period 7.7.20 to 31.3.21 Total funds £ 50,374 17,670 68,044 66,066 1,200 67,266 778 8,490 9,268 |
|---|---|---|
The notes form part of these financial statements
Page 3
Playing On CIO
Balance Sheet 31 March 2022
| Unrestricted Restricted funds funds Notes £ £ CURRENT ASSETS Debtors 5 31,450 - Cash at bank 571 38,090 32,021 38,090 CREDITORS Amounts falling due within one year 6 (1,200) - NET CURRENT ASSETS 30,821 38,090 TOTAL ASSETS LESS CURRENT LIABILITIES 30,821 38,090 NET ASSETS/(LIABILITIES) 30,821 38,090 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
31.3.22 Total funds £ 31,450 38,661 70,111 (1,200) 68,911 68,911 68,911 30,821 38,090 68,911 |
31.3.21 Total funds £ 32,250 8,562 40,812 (31,544) 9,268 9,268 9,268 9,268 - 9,268 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
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 which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 4
continued...
Playing On CIO
Balance Sheet - continued
31 March 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ……………………. and were signed on its behalf by:
……………………………………. Adam Moll - Chair
The notes form part of these financial statements
Page 5
Playing On CIO
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 6
continued...
Playing On CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Period | ||
|---|---|---|
| 7.7.20 | ||
| Year Ended | to | |
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Hire of plant and machinery | - | 558 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the period ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the period ended 31 March 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 12,000 38,374 Charitable activities Sales - services 17,670 - Total 29,670 38,374 EXPENDITURE ON Charitable activities Services 27,692 38,374 Other 1,200 - Total 28,892 38,374 NET INCOME 778 - RECONCILIATION OF FUNDS Total funds brought forward 8,490 - |
Total funds £ 50,374 17,670 68,044 66,066 1,200 67,266 778 8,490 |
|---|---|
Page 7
continued...
Playing On CIO
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted Restricted funds funds £ £ TOTAL FUNDS CARRIED FORWARD 9,268 - 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.22 £ Trade debtors 10,750 Prepayments and accrued income 20,700 31,450 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.22 £ Trade creditors - Other creditors - Accruals and deferred income - Accrued expenses 1,200 1,200 7. MOVEMENT IN FUNDS Net movement At 1.4.21 in funds £ £ Unrestricted funds General fund 9,268 21,553 Restricted funds Under our roof - 21,639 Drilling Diamonds - 16,451 - 38,090 TOTAL FUNDS 9,268 59,643 |
Total funds £ 9,268 31.3.21 £ 32,250 - 32,250 31.3.21 £ 1 743 29,600 1,200 31,544 At 31.3.22 £ 30,821 21,639 16,451 38,090 68,911 |
Total funds £ |
|---|---|---|
| 9,268 |
Page 8
continued...
Playing On CIO
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Under our roof Drilling Diamonds TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 71,129 30,000 30,129 60,129 131,258 At 7.7.20 £ 8,490 8,490 |
Resources expended £ (49,576) (8,361) (13,678) (22,039) (71,615) Net movement in funds £ 778 778 |
Movement in funds £ 21,553 21,639 16,451 38,090 59,643 At 31.3.21 £ 9,268 9,268 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 17,670 | (16,892) | 778 | |
| Baring Foundation | 12,000 | (12,000) | - | |
| 29,670 | (28,892) | 778 | ||
| Restricted funds | ||||
| Young Londeners Fund | 10,500 | (10,500) | - | |
| Wakefield and Tetley | 1,900 | (1,900) | - | |
| ACE Autumn Development | 15,994 | (15,994) | - | |
| ACE Coronavirus Response | 9,980 | (9,980) | - | |
| 38,374 | (38,374) | - | ||
| TOTAL FUNDS | 68,044 | (67,266) | 778 |
Page 9
continued...
Playing On CIO
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 10
Playing On CIO
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| Year Ended 31.3.22 £ INCOME AND ENDOWMENTS Donations and legacies Donations 79 Grants 60,129 60,208 Charitable activities Sales - Services 71,050 Total incoming resources 131,258 EXPENDITURE Charitable activities Hire of plant and machinery - Cost of services 1,420 Insurance 125 Telephone 105 Postage and stationery - Sundries 127 Travelling costs - Computer & Software 514 Staff Training 148 Subcontractor costs 67,976 70,415 Support costs Governance costs Accountancy fees 1,200 Total resources expended 71,615 Net income 59,643 |
Period 7.7.20 to 31.3.21 £ - 50,374 50,374 17,670 68,044 558 5,363 77 - 25 - 597 1,513 526 57,407 66,066 1,200 67,266 778 |
|---|---|
This page does not form part of the statutory financial statements
Page 11