**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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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