2024-03-31-accounts - Hornimans Adventure Playground

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Charity Registration No. 1198333

HORNIMANS ADVENTURE PLAYGROUND ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

HORNIMANS ADVENTURE PLAYGROUND ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

	Page
Charity information	3
Management committee member's report	4-6
Independent examiner's report	7
Income statement	8
Statement of financial position	9
Notes to the accounts	10
Detailed income statement	12

HORNIMANS ADVENTURE PLAYGROUND CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024

Trustees	Tracy Wauchope Carol London -Baptiste
	Deborah Fiamberti
	Alex Hood
	David Werner-Ratkovic
Charity Number	1198333 (England and Wales)
Accountants	Tarpon Limited
	132-134 Great Ancoats Street
	Manchester
	M4 6DE

HORNIMANS ADVENTURE PLAYGROUND MANAGEMENT COMMITTEE MEMBERS’ REPORT

The Management Committee presents their report and accounts for the year ended 31 March 2024.

The accounts have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's constitution, applicable law and the requirements of the Charities Statement of Recommended Practice (FRS 102).

Structure, Governance and Management

Hornimans Adventure Playground has existed as a registered charity since 1989. In May 2022 Hornimans Adventure Playground re-registered as a Charitable Incorporated Organisation. CIO registration number 1198333.

The Trustees are appointed annually at the Annual General Meeting and serve for one year after which they may put themselves forward for re-appointment if the wish to continue to serve. The constitution provides for a maximum of 15 trustees to form a Management Committee elected annually at the Annual General Meeting. This Committee is responsible to the Annual General Meeting and between General Meetings directs and manages the affairs of Hornimans Adventure Playground and agrees the broad strategy and areas of activity for the playground, including consideration of investments, reserves and risk management policies and performance. The day to day running of Hornimans Adventure Playground is delegated to the Manager and Senior playworker. The Board keeps the skill requirements for the Trustee Body under review. New trustees may be soughtby open advertisement or through a dialogue with major grant recipients.

The induction process for any newly appointed trustee comprises an initial meeting with the Chair and Trustees, at which point they will be given an induction pack that includes a brief history of Hornimans Adventure Playground, a copy of the Constitution, and a copy of the Charity Commission's guidance 'The Essential Trustee: What You Need to Know'. Newly appointed trustees are expected to familiarize themselves with the playground's Policies and Procedures.

Risk Factors

The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

Objectives and Activities

The playground is a charity and exists to provide facilities for recreation and other leisure time occupations for children in theRoyal Borough of Kensington and Chelsea. Being the 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 physical, mental and spiritual wellbeing and c) To provide, maintain and equip a playground offering opportunities for adventure and enterprise and a safe and learning environment for children between the ages of 5 and 15 years. These objectives have not been altered since the association was formed. The custodian trustees are responsible for the conditions set out in the lease with RBKC.

In furtherance of the objects of the Association and without prejudice to the generalitythereof, the Committee may:

a) provide, maintain and equip a playground or playgrounds offering opportunities for adventure and enterprise
b) assist the provision, maintenance and equipment of such playground(s) as aforesaid and raise money for these purposes
c) employ staff to assist the Association in managing the play areas established
d) make and maintain contact with and enlist general support from other persons and organisations who areinterested in the design, establishment, development or management of playgrounds.
e) The policies adopted in furtherance of these objectives form part of the contract between the Royal Borough of Kensington and Chelsea Family and Children's Services and Hornimans Adventure Playground and there hasbeen no change in these during the year.

RBKC Grant Commissioning :

Hornimans Adventure Playground is grant commissioned by the Royal Borough of Kensington & Chelsea (RBKC) to deliver Community Adventure Play. The annual value of the RBKC grant contract during 2023-24 is £87,140.

RBKC are actively encouraging Community Adventure Play organisations to work collaboratively to provide consistent, high quality play provision across the Borough.

Though there has been a reduction in the RBKC grant contract, the ongoing commitment of RBKC provides us with the firm foundations on which a sustainability and capacity building programme can continue to be successfully developed and implemented.

HORNIMANS ADVENTURE PLAYGROUND MANAGEMENT COMMITTEE MEMBERS’ REPORT

Charitable grants and other income :

We thank the RBKC and various charitable trusts and foundations that made our work possible during 2023-24 due to their kind support and generosity:

RBKC Commissioning £87,140 John Lyon’s Charity £37,000 Young K&C Foundation £23,490 Kensington & Chelsea Foundation £13,500 Garfield Weston Foundation £10,000 Octavia Foundation £5,000 Sport England £9,900 RBKC Holiday Activities & Food (HAF) £4,530

Statement of Public Benefit :

The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding the activities undertaken by the charity during the year. The trustees are satisfied that the information provided in the report and accounts meets the public benefit reporting requirements.

Achievements and Performance

Hornimans Adventure Playground continues to be a vital resource for community adventure play, serving children and young people aged 5 to 15 years. During 2023-2024, we successfully provided an all-year-round service, engaging 341 individual users, with approximately 80% of participants residing in Golborne Ward and the surrounding areas. Notably, around 80% of our beneficiaries are eligible for Free School Meals and/or live in deprived areas.

We operated free play sessions for 39 weeks during term time with revised hours: Monday to Friday (3.30 PM – 6 PM) and Saturdays (12 PM – 4 PM). During 12 weeks of school holidays, we also provided play services (Monday to Friday, 10.30 AM – 4.30 PM).

Our collaborations with local organizations significantly enriched our offerings:

Pursuing Independent Pathways (PiP): Supported disabled young adults (ages 18–25) in developing work skills.
Local Schools: Mentored children at risk of exclusion or poor educational outcomes.
Felix Project: Offered weekly free food distributions to families in need.
Met Police Youth & Community Engagement Team: Strengthened community ties through events.

Key projects included the establishment of a dedicated programme for children, young people and young adults with special educational needs and disabilities and our HAF and term time food programmes.

Adventure play, both structured and free, is crucial to children's development. Hornimans fosters an environment where children can creatively express themselves, socialise, and engage in imaginative play. We remain committed to supporting our community, ensuring the playground continues to be a safe and nurturing space for all children.

Future Plans

As we look to the future, Hornimans is committed to enhancing our mission to provide a safe, engaging, and supportive environment for children in our community. Our future plans are rooted in strategic growth, sustainability, and the continuous improvement of our services. Below are the key initiatives we plan to undertake over the next 3 to 5 years:

Development: We will develop and implement a comprehensive 3-5 year strategy that includes an income and fundraising strategy. Our emphasis will be on diversifying our funding sources to ensure long-term sustainability and to adapt our management plan accordingly.
Partnerships & collaboration is vital. We will work together to enhance support and resources for the children and families we serve.
Ofsted Registration: We will pursue registration with Ofsted to ensure that our programs meet high standards of quality and safety. This registration will strengthen our credibility and reassure families that their children are in good hands.
Quality in Play Initiatives: We will strive to enhance the quality of our play programs through the adoption of best practices and innovative approaches that cater to the diverse needs of our community.
Project Development: We are dedicated to developing new projects focused on Special Educational Needs & Disabilities (SEND) and targeted initiatives for Girls and Young Women. These projects aim to create inclusive opportunities that empower every child.
Play Space Enhancements: Continuous improvement of our indoor and outdoor play spaces is paramount. We will refurbish, replace, and upgrade facilities as needed, ensuring a safe and engaging environment for all children.
Eco-Friendly Operations: We recognize the importance of sustainability. A thorough review of our carbon footprint will guide us in developing eco-friendly operational practices, reducing our environmental impact, and fostering a sustainable future for our community.
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HORNIMANS ADVENTURE PLAYGROUND MANAGEMENT COMMITTEE MEMBERS’ REPORT

Our Commitment to the Community

Hornimans is more than just an adventure playground; it is a sanctuary for the children who depend on it and their families. With the rapid growth and development in the area, safe, child-oriented spaces are increasingly scarce. We are dedicated to maintaining and enhancing this playground, which many families consider a second home. The happiness and wellbeing of our children are our utmost priority.

Acknowledgments

We extend our heartfelt gratitude to our dedicated staff at Hornimans for providing stability and continuity during challenging times. Their unwavering commitment is the bedrock of our success. We also thank the volunteers who generously give their time and the supporters who provide necessary funding. Without your contributions, the positive impact we create would not be possible.

Staffing Restructure: In response to the financial challenges faced during 2023-24, Hornimans underwent a staffing restructure to reduce costs. This decision was taken with careful consideration, and we remain committed to supporting our remaining team as we work together to advance our mission and improve our services.

Review of financial position :

The statement of Financial Activities shows a gain for the year of £3,553. At 31st March 2024 free unrestricted reserves totalled £133,465. The management committee is committed to increasing the fundraising efforts in these difficult times so that the finances of the Playground are put on a more secure footing and that it can continue operating as a going concern. Although some small progress has been made into acquiring funding, this continues to be a significant issue and priority for us.

Reserves Policy :

It is the policy of the charity to maintain unrestricted funds in the form of net current assets at a level which the trustees believe appropriate after considering the future commitments of the charity and the likely administrative costs of the charity in the coming year.

Signed on behalf of the board of directors

............................................................................

Tracy Wauchope Trustee

Approved by the board on: 21 November 2024

HORNIMANS ADVENTURE PLAYGROUND INDEPENDENT EXAMINERS' REPORT

We report to the Management Committee on our examination of the financial statements of HORNIMANS ADVENTURE PLAYGROUND (the Playground) for the year ended 31 March 2024.

Responsibilities and basis of report

As the Management Committee of the Playground you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

We report in respect of my examination of the Playground's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

We understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

We have completed our examination and confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:

1 accounting records were not kept in respect of the Playground as required by section 130 of the 2011 Act; or 2 the financial statements do not accord with those records; or

3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

We 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 financial statements to be reached.

Tarpon Limited

132-134 Great Ancoats Street Manchester M4 6DE

17 November 2024

HORNIMANS ADVENTURE PLAYGROUND INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

Charitable income Charitable activities Net income for the year Total net income Other adjustments Total income the financial year	Total Unrestricted Funds 2024 £ 192,920 (189,367) 3,553 3,553 - 3,553	Total Unrestricted Funds 2023 £ 182,029 (175,325) 6,704 6,704 - 6,704

The income statement includes all gains and losses recognized in the year.

All income and expenditure derive from continuing activities.

HORNIMANS ADVENTURE PLAYGROUND STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024

Notes Fixed assets Tangible assets 4 Current assets Debtors 5 Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Net assets Income fund Unrestricted fund Total funds	2024 £ 12,899 54,000 70,537 130,319 (9,753) 120,566 133,465 133,465 133,465	2023 £ 13,616 37,492 88,557
		126,049 (9,753)
		116,296
		129,912
		129,912
		129,912

For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The trustees have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.

The financial statements were approved by the Board of Trustees and authorised for issue on 21 November 2024 and were signed on its behalf by

Tracy Wauchope Trustee

Charity Registration No. 1198333

HORNIMANS ADVENTURE PLAYGROUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

1 Statutory information

Hornimans Adventure Playground is a Charitable Incorporation Organisation (CIO) with the charity number 1198333.

2 Compliance with accounting standards

The accounts have been prepared in accordance with the Playground's constitution, the Charities Act 2011 and "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)" (as amended for accounting periods commencing from 1 January 2016). The Playground is a Public Benefit Entity as defined by FRS 102.

3 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

Tangible fixed assets and depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Land & buildings Over a 20 year period (life of the lease) Fixtures & fittings 25% on cost

4 Tangible fixed assets Cost or valuation At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023	Land & buildings £ At cost 256,226 256,226 242,610 717 243,327 12,899 13,616	Fixtures & fittings £ At cost 138,853 138,853 138,853 - 138,853 - -	Total £ 395,079
			395,079
			381,463 717
			382,180
			12,899
			13,616

HORNIMANS ADVENTURE PLAYGROUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

5 Debtors Amounts falling due within one year Accrued income and prepayments Other debtors 6 Creditors: amounts falling due within one year Accruals	2024 £ 5,782 52,358 58,140 2024 £ 9,753	2023 £ 5,782 31,710
		37,492
		2023 £ 9,753

7 Average number of employees

During the year the average number of employees was 6 (2023: 6).

HORNIMANS ADVENTURE PLAYGROUND DETAILED INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

Income Charitable activities-grants Investments Administrative expenses Wages and salaries Pensions Social security costs Temporary staff and recruitment Staff training and welfare Premises costs Running costs Depreciation Charitable expenditure Net income Total income for the financial year	2024 £ 192,248 672 192,920 86,362 3,110 13,639 - - 5,953 77,883 717 1,703 189,367 3,553 3,553	2023 £ 181,772 257
		182,029
		119,949 3,462 10,932 2,040 620 5,315 31,109 717 1,181
		175,325
		6,704
		6,704

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