## **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|
2
## **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|
3
**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
4
## **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
5
## **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
6
## **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.
7
## **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.
8
**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.
9
## **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|
10
**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|
11