2022-03-31-accounts

Weavers Adventure Playground Association

Trustees' Report and Accounts

For the year ended 31 March 2022

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 2022

The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31st March 2022.

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:

• To manage and run an inclusive adventure playground for all children and young people

• To provide opportunities for social integration and creative play in a safe supervised environment

• `

• 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 £14,408. (2020/21-deficit £7,799) and total reserves stand at deficit £8,371. (2020/21 surplus £6,036).

Reserves Policy

The management committe has examined the charity’s requirements for reserves in light of the main risks to the organisation. 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,

• *make judgements and estimates that are reasonable and prudent,

• *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.

• *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: 03/02/2023

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Independent examiner’s report to the trustees of Weavers Adventure Playground Association

For the year ended 31 March 2022

I report on the accounts of the company for the year ended 31 March 2022, 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:

• examine the accounts under section 145 of the Charities Act,

• 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

• 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

1. 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

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Misbahul Karim FCCA MMK Chartered Certified Accountants 960 Capability Green Luton LU1 3PE Date: 03/02/2023

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Weavers Adventure Playground Association Statement of Financial Activities For the year ended 31 March 2022

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 £ 9,517 9,517 9,517 - 9,517 - - -	Restricted Funds £ 60,826 60,826 73,793 1,440 75,233 (14,407) 6,036 (8,371)	2022 £ 70,343 70,343 83,310 1,440 84,750 (14,407) 6,036 (8,371)	2021 £ 67,714
				67,714
				74,075 1,440
				75,515
				(7,801) 13,837
				6,036

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 2022

Notes 2022 £ £ Fixed Assets Tangible Assets 5 4,467 Current Assets Debtors 7 4,000 Cash in Hand and at Bank 654 4,654 Creditors Amounts falling due within one year 6 17,492 Net Current Assets -12,838 (8,371) The Funds of the Charity Unrestricted funds - Restricted funds (8,371) (8,371)	2021 £ £ 5,957 4,000 5,596 9,596 9,517 79 6,036 - 6,036 6,036	2021 £ £ 5,957 4,000 5,596 9,596 9,517 79 6,036 - 6,036 6,036
	9,596 9,517
		6,036
		- 6,036
		6,036

These accounts were approved by the Trustees on 3 February 2023 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 2022

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 2022

2. Grants and Donations

LBTH-Main Stream Grant BBC Children In Needs Play 5A Side The Big Give Trust Tower Hill Trust HMRC JRS Grant The Glida Street Donation East End Community Fund Mayor Fund Kitchen/ Canteen Income Local Giving Workshop	Unrestricted £ - - - - - - - - 6,810 2,707 - - 9,517	Restricted £ 22,125 - 8,061 3,961 4,700 11,279 6,000 4,700 - - - - 60,826	2022 £ 22,125 - 8,061 3,961 4,700 11,279 6,000 4,700 6,810 2,707 - - 70,343	2021
				£ 6,700 9,970 16,636 - - 22,237 3,000 6,686 400 - 500 1,585
				67,714

3. Cost of Charitable Activities

Cost directly allocated to Activities: Cleaning 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	2022 £ 1,623 1,489 5,997 884 3,202 7,862 2,001 50 380 5,816 991 1,209 - 2,380 49,427 83,311	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

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Weavers Adventure Playground Association Notes to the Accounts For the year ended 31 March 2022

4. Governance Cost

Accountancy Fee

2022 £ 1,440 1,440	2021
	£ 1,440
	1,440

5. Tangible Fixed Assets COST At 1 April 2021 Additions during the year As at 31 March 2022 DEPRECIATION At 1 April 2021 Charge for the year As at 31 March 2022 NET BOOK VALUES As at 31 March 2022 As at 31 March 2021 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 41,970 726 42,696 2,329 3,055	Plant & Machinary 6,345 - 6,345 3,443 764 4,207 2,138 2,902 2022 £ 5,250 2,880 4,706 150 4,506 17,492 2022 £ 4,000 4,000	Total 51,370 -
			51,370
			60,576 1,490
			46,903
			4,467
			5,957
			2021
			£ 5,250 2,880 1,287 100 -
			9,517
			2021
			£ 4,000
			4,000

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