Weavers Adventure Playground Association
Trustees' Report and Accounts
For the year ended 31 March 2021
Charity Number: 267157
Page 1
Weavers Adventure Playground Association Trustees' Report and Accounts
Contents
| Page | |
|---|---|
| Officers and Financial Advisors | 3 |
| Trustees' Report | 4 - 5 |
| Independent Examiners Report | 6 |
| Statement of Financial Activities | 7 |
| Balance sheet | 8 |
| Notes to the accounts | 9 - 11 |
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Weavers Adventure Playground Association
Officers and Financial Advisors
| Chairman | Mr Errol Wynter |
|---|---|
| Vice Chairman | Mr Ross Drabble |
| Secretary | Mrs Sarah Joshi |
| Management Committee | Mr Errol Wynter (Chair) |
| Mr Ross Drabble (Vice Chair) | |
| Mrs Sarah Joshi-(Secretary) | |
| Mrs Alanna Norman (Treasurer) | |
| Mr Zaffer Hassan (Member) | |
| Mrs Wendy O'Donnell (Member) | |
| Mr Mark Lloyd (Member) | |
| Miss. Kaite Burwood (Member) | |
| Charity No. | 267157 |
| Registered Office | C/O Oxford House |
| Derbyshire Street | |
| London, E2 6HG | |
| Accountants | MMK Accountants Ltd |
| Chartered Certified Accountants | |
| 37th Floor | |
| One Canada Square | |
| Canary Wharf | |
| London | |
| E14 5DY | |
| Bankers | Barclays Bank PLC |
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Weavers Adventure Playground Association Trustees Report For the year ended 31 March 2021
The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31st March 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the applicable law and the requirements of the Statement of Recommended Practice, " Accounting and Reporting by Charities" issued in March 2005.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Charity's objects and regulations are regulated by the constitution and the charity is an unincorporated association.
Appointment of Trustees
The trustees for the purposes of charity law are known as members of the management committee. Under the requirements of the constitution the members of the management committee are elected to serve for a period of one year after which they must be re-elected at the next annual general meeting.
Trustee Induction and Training
The trustees maintain a working knowledge of charity and company law and from current year onwards, they endeavour to attend charity and company courses run by outside providers. New Trustees are given copies of memorandum and articles of association and policies and procedures of the organisation.
Related Parties
During the year none of the trustees were remunerated or reimbursed expenses incurred by the Charity.
Risk Management
The trustees have identified the major risks to which the Charity is exposed and believe that the systems in place are adequate to mitigate those risks.The charity makes little use of financial instruments other than an operational bank account and so its exposure to price risk, credit risk, liquidity risk is not material for the assessment of the assets, liabilities, financial position and profit or loss of the charity.
Public Benefit Statement:
The trustees consider that they have complied with Section 17 of the Charities Act 2011 with regard to the guidance on public benefit published by Charity Commission. The paragraphs below demonstrate the public benefit arising through the Charity's activities.
OBJECTIVES AND ACTIVITIES
The Principal activities of the charity remain as being a social centre for children within Bethnal Green and East London and to cater for children of all cultures and religions. The principal objectives and activities are as follows:
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To manage and run an inclusive adventure playground for all children and young people
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To provide opportunities for social integration and creative play in a safe supervised environment
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`
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To provide workshops in areas of art/craft and sports that encourages healthy growth of the mind and bodies from all backgrounds and cultural groups
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FINANCIAL REVIEW
The statement of financial activities showed a net deficit for the year of £7,800. (2019/20-surplus £6,646) and total reserves stand at £6,036 (2019/20 surplus £13,836).
Reserves Policy
The management committe has examined the charity’s requirements for reserves in light of the main risks to the organisation. The present level of reserves available to the charity of £6,036 have decreased from last year.The strategy is to continue to build reserves through planned operating surpluses, the Management Committee has also considered the extent to which existing activities and expenditure could be curtailed, in the unlikely event that reserves become inadequate to meet the necessary commitments.
Trustees’ responsibilities in relation to the financial statements
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each financial year which gives a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming recourses in the year. In preparing the statement the trustees are required to:
*select suitable accounting policies and apply them consistently,
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*make judgements and estimates that are reasonable and prudent,
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*state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the statements of accounts.
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*prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its operations.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity at that time and to enable the trustees to ensure that any statement of account prepared by them complies with the regulations under section 130 of the Charities Act 2011.They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
APPROVAL
This report was approved by the Board and signed on its behalf by :
MR ERROL WYNTER CHAIRMAN
Date: 11/03/2022
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Independent examiner’s report to the trustees of Weavers Adventure Playground Association
For the year ended 31 March 2021
I report on the accounts of the company for the year ended 31 March 2021, which are set out on pages 7 to 11.
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 year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with general Directions given by the Charity Commission. 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 the 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 my attention
-
which gives me reasonable cause to believe that in, any material respect, the requirements: -to keep accounting records in accordance with section 130 of the Charities Act; and -to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
M Karim 14/03/2022 17:26:47
Misbahul Karim FCCA MMK Chartered Certified Accountants 960 Capability Green Luton LU1 3PE Date: 14/03/2022
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Weavers Adventure Playground Association Statement of Financial Activities For the year ended 31 March 2021
| Notes Incoming Resources Grants & Donations 2 Total Incoming Resources Resources Expended Charitable Activities 3 Governance Cost 4 Total Resources Expended Net incoming/(outgoing resources) Reconciliation of Funds: Total funds, brought forward Total funds, carried forward |
Unrestricted Funds £ 2,085 2,085 2,085 - 2,085 - - - |
Restricted Funds £ 65,629 65,629 71,989 1,440 73,429 (7,800) 13,836 6,036 |
2021 £ 67,714 67,714 74,074 1,440 75,514 (7,800) 13,836 6,036 |
2020 £ 89,225 |
|---|---|---|---|---|
| 89,225 | ||||
| 81,139 1,440 |
||||
| 82,579 | ||||
| 6,646 7,190 |
||||
| 13,836 |
The notes on pages 9 to 11 form part of these accounts.
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Weavers Adventure Playground Association
Balance Sheet As At 31 March 2021
| Notes 2021 £ £ Fixed Assets Tangible Assets 5 5,956 Current Assets Debtors 7 4,000 Cash in Hand and at Bank 5,597 9,597 Creditors Amounts falling due within one year 6 9,517 Net Current Assets 80 6,036 The Funds of the Charity Unrestricted funds 6,036 Restricted funds - 6,036 |
2020 £ £ 4,608 4,000 12,567 16,567 7,339 9,228 13,836 - 13,836 13,836 |
2020 £ £ 4,608 4,000 12,567 16,567 7,339 9,228 13,836 - 13,836 13,836 |
|---|---|---|
| 16,567 7,339 |
||
| 13,836 | ||
| - 13,836 |
||
| 13,836 |
These accounts were approved by the Trustees on 11 March 2022 and were signed on its behalf by:
………………………………………………………………………………Chairman Mr Errol Wynter
………………………………………………………………………………Treasurer Mrs Alanna Norman
The notes on pages 9 to 11 form part of these accounts.
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Weavers Adventure Playground Association Notes to the Accounts For the year ended 31 March 2021
1. Accounting Policies
1.1 Basis of Accounting
The financial statements have been prepared under the historical cost convention and in accordance with the applicable Accounting Standards , the Statement of Recommended Practice “Accounting and Reporting by Charities” published in March 2005 . The principal accounting policies adopted in the preparation of the financial statements are set out below.
1.2 Incoming Resources
Voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accounting periods or donors’ conditions have not been fulfilled, then the income is deferred. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs.
1.3 Resources Expended
Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.
Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources.
1.4 Going Concern Basis
The financial statements have been prepared on the going concern basis, as in the opinion of the director and trustees, there are no issues arising which would suggest any other basis as being more appropriate.
1.5 Depreciation
Depreciation is provided using the following rates and bases to reduce by annual instalments the cost, less estimated residual value, of tangible assets over the estimated useful lives:
Plant & Mechinary 25% reducing balance method
Furniture, Fixtures and Equipment 25% reducing balance method.
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Weavers Adventure Playground Association Notes to the Accounts For the year ended 31 March 2021
2. Grants and Donations
| LBTH-Main Stream Grant BBC Children In Needs Play 5A Side HMRC Gift AID HMRC JRS Grant Big Lottery- Awards for all The Glida Street Donation Subscription East End Community Fund Mayor Fund Local Giving N Kumar Workshop Canteen Income Other Donations |
Unrestricted £ - - - - - - - - - - 500 - 1,585 - - 2,085 |
Restricted £ 6,700 9,970 16,636 - 22,237 - 3,000 - 6,686 400 - - - - - 65,629 |
2021 £ 6,700 9,970 16,636 - 22,237 - 3,000 - 6,686 400 500 - 1,585 - - 67,714 |
2020 |
|---|---|---|---|---|
| £ 9,396 39,650 9,480 2,700 - 9,665 - 482 - 1,500 - 10,000 2,702 3,650 |
||||
| 89,225 |
3. Cost of Charitable Activities
| Cost directly allocated to Activities: Cleaning Consultancy Fee Depreciation Events & Activities Insurance Light and Heat Other Legal and Professional Pensions Rent Rates Repairs and Maintenance Stationery and Printing Telephone and Fax Travel & Subsistence Volunteers Expenses Wages and Salaries |
2021 £ 1,745 - 1,985 2,860 646 5,874 1,209 918 50 542 103 413 1,182 253 5,511 50,784 74,075 |
2020 |
|---|---|---|
| £ 2,269 4,813 1,536 6,988 898 5,289 420 678 50 173 573 624 696 195 10,862 45,075 |
||
| 81,139 |
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Weavers Adventure Playground Association Notes to the Accounts For the year ended 31 March 2021
4. Governance Cost
Accountancy Fee
| 2021 £ 1,440 1,440 |
2020 |
|---|---|
| £ 1,440 |
|
| 1,440 |
| 5. Tangible Fixed Assets COST At 1 April 2020 Additions during the year As at 31 March 2021 DEPRECIATION At 1 April 2020 Charge for the year As at 31 March 2021 NET BOOK VALUES As at 31 March 2021 As at 31 March 2020 6. Creditors: amounts falling due within one year 1 Love Community Accountancy Net Wages Rent Taxation & Social Security 7. Debtors Peter Coleman |
Furniture, Fixtures & Equipment 45,025 - 45,025 40,953 1,018 41,971 3,054 4,072 |
Plant & Machinary 3,012 3,333 6,345 2,476 967 3,443 2,902 536 2021 £ 5,250 2,880 1,287 100 - 9,517 2021 £ 4,000 4,000 |
Total 48,037 3,333 |
|---|---|---|---|
| 51,370 | |||
| 58,592 1,985 |
|||
| 45,414 | |||
| 5,956 | |||
| 4,608 | |||
| 2020 | |||
| £ 5,250 1,440 520 50 79 |
|||
| 7,339 | |||
| 2020 | |||
| £ 4,000 |
|||
| 4,000 |
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This Document has been Signed with a secure electronic signature via E-Sign.
Document Details
| Title | Full Accounts 31-03-2021 853WAV |
|---|---|
| Author | MMK (mail@mmkaccountants.com) |
| Document Created on | Mon, 14 Mar 2022 12:28:46 |
| Digital Fingerprint | 2d91e36b-bc93-4be2-a376-a833f9f2a18d |
Document Signers
Scan/Click the QR Code to view signature information
| Name | Misbahul Karim |
|---|---|
| mail@mmkaccountants.com | |
| Status | SIGNEDat Mon, 14 Mar 2022 17:26:47 |
| Signature Fingerprint | 9af6c68a-0d8f-424a-9dff-116ac4abdec5 |
Document History
Mon, 14 Mar 2022 17:26:47 Misbahul Karim Signed the Document