Weavers Adventure Playground Association
Trustees' Report and Accounts
For the year ended 31 March 2023
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 Mark Lloyd |
| Secretary | Miss Katie Burwood |
| Management Committee | Mr Errol Wynter (Chair) |
| Mrs Alanna Norman (Treasurer) | |
| Mr Mark Lloyd (Secretary) | |
| Miss. Kaite Burwood (Secretary) | |
| Mr Zaffer Hassan (Member) | |
| Ms Shelly Corsinie (Member)- Appointed on 01/09/2022 | |
| Miss Christine Connelly (Member)- Appointed on 01/06/2022 | |
| Mr Ross Drabble- Resigned on 01/04/2022 | |
| Mrs Sarah Joshi- Resigned on 01/09/2022 | |
| Mrs Wendy O'Donnell- Resigned on 01/04/2022 | |
| 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 2023
The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31st March 2023.
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 £10,275 were paid to Mr. Errol Wynter for his work done for Gleam Service project. Mr. Errol Wynter is also a chair of the trustee of the organisation.
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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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 surplus for the year of £3,521. (2021/22-deficit £14,408) and total reserves stand at deficit £4,851. (2021/22 deficit £8,731).
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,
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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: 25/01/2024
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Independent examiner’s report to the trustees of Weavers Adventure Playground Association
For the year ended 31 March 2023
I report on the accounts of the company for the year ended 31 March 2023, 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
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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
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-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.
Misbahul Karim FCCA MMK Chartered Certified Accountants 960 Capability Green Luton LU1 3PE Date: 27/01/2024
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Weavers Adventure Playground Association Statement of Financial Activities For the year ended 31 March 2023
----- Start of picture text -----
Unrestricted Restricted
Notes 2023 2022
Funds Funds
£ £ £ £
Incoming Resources
Grants & Donations 2 30,646 57,334 87,980 70,343
Total Incoming Resources 30,646 57,334 87,980 70,343
Resources Expended
Charitable Activities 3 30,646 52,374 83,020 83,311
Governance Cost 4 - 1,440 1,440 1,440
Total Resources Expended 30,646 53,814 84,460 84,751
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Net incoming/(outgoing resources) 3,520 3,520 (14,408)
Reconciliation of Funds:
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Total funds, brought forward (8,371) (8,371) 6,037
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Total funds, carried forward (4,851) (4,851) (8,371)
----- End of picture text -----
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 2023
----- Start of picture text -----
Notes 2023 2022
£ £ £ £
Fixed Assets
Tangible Assets 5 3,350 4,467
Current Assets
Debtors 7 4,000 4,000
Cash in Hand and at Bank 207 653
4,207 4,653
Creditors
Amounts falling due within one year 6 12,408 17,492
Net Current Assets -8,201 - 12,839
(4,851) (8,372)
The Funds of the Charity
Unrestricted funds - -
Restricted funds (4,851) (8,371)
(4,851) (8,371)
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These accounts were approved by the Trustees on 25 January 2024 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 2023
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 2023
2. Grants and Donations
| LBTH-Main Stream Grant Volunteer Income Play 5A Side The Big Give Trust Tower Hill Trust HMRC JRS Grant The Glida Street Donation East End Community Fund Direct Credit Donation Mayor Fund Kitchen/ Canteen Income Local Giving Wakefield & Tatley Trust |
Unrestricted £ - 1,320 6,217 - - - - - 7,940 2,250 7,919 - 5,000 30,646 |
Restricted £ 35,475 - - 6,000 - 6,600 - - - - 9,259 - 57,334 |
2023 £ 35,475 1,320 6,217 - 6,000 - 6,600 - 7,940 2,250 7,919 9,259 5,000 87,980 |
2022 £ 22,125 - 8,061 3,961 4,700 11,279 6,000 4,700 6,810 2,707 - - 70,343 |
|---|---|---|---|---|
3. Cost of Charitable Activities
| Cost directly allocated to Activities: Cleaning Depreciation Events & Activities Insurance Interest- Other Light and Heat Other Legal and Professional Pensions Rent Rates Repairs and Maintenance Stationery and Printing Telephone and Fax Subscrition Travel & Subsistence Volunteers Expenses Wages and Salaries |
2023 £ 998 1,117 23,269 718 21 6,136 4,502 1,811 50 3,518 1,126 373 1,305 590 930 356 36,199 83,019 |
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 |
|---|---|---|
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Weavers Adventure Playground Association Notes to the Accounts For the year ended 31 March 2023
4. Governance Cost
| Accountancy Fee 5. Tangible Fixed Assets COST At 1 April 2022 Additions during the year As at 31 March 2023 DEPRECIATION At 1 April 2022 Charge for the year As at 31 March 2023 NET BOOK VALUES As at 31 March 2023 As at 31 March 2022 6. Creditors: amounts falling due within one year 1 Love Community Accountancy Net Wages Other Sundry Rent Taxation & Social Security 7. Debtors Peter Coleman |
Furniture, Fixtures & Equipment 45,025 - 45,025 42,734 573 43,307 1,718 2,291 |
2023 £ 1,440 1,440 Plant & Machinary 6,345 - 6,345 4,169 544 4,713 1,632 2,176 2023 £ 5,250 3,030 - 143 50 3,935 12,408 2023 £ 4,000 4,000 |
2022 £ 1,440 1,440 Total 51,370 - 51,370 62,066 1,117 48,020 3,350 4,467 2022 £ 5,250 2,880 4,706 - 150 4,506 17,492 2022 £ 4,000 4,000 |
|---|---|---|---|
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