Regislered Charity No: 286898 REPORT AND ACCOUNTS for the annual financial eriod ended 31 st December 2023 for Stonehouse Playspace Association Stonehouse Playspace Association INDEX TO THE FINANCIAL STATEMENTS for the 12 month period ended 31 st December, 2023 Page Legal and Adminiims to enwJretratrt5 m&nFHship ts4¥*r4YOtefr)ttEv•yk oftheolarity and thatany to IrÈ Pthttfs 5kilsandexpuwts- OBJECTIVE3,ACThITIES.ACHIEVEIIENTS AND PERFORM The ¢ffifitmknat Llw ha4E refW tott* theChantyctrnmwI￿ getreral I￿￿￿e1*fft%then re¥i&ThithJ thÈ(*JatEVs a¥ns aryj owves3￿1 In [￿anA1￿¥ snyadNibes RISK ￿GE1￿ VESTMENTPOUCY RESERVES P0￿y TRUSTEES. RESPONSIBILJTES appli￿b￿lawar.J UTh2ed ￿￿￿lA(￿xWntsng Si3nd3t05 ￿￿ted Kjtykn Gewl state1nentsf￿ each fi.?¥itsal a trL* a￿j chanvsststeofatfairs the financial pe￿￿ olts fmrwi at epyj -tnakell￿tyEr￿entsa￿JeSoMateslnat3Te reasortabÈ￿ K￿u n￿1 Slatem￿ts. a￿1 anytme the r￿1￿7 ofthe efiab￿ them to en￿￿ the fin￿G,￿ SlatsM￿ls¢x￿nth *ththeChatrtEsAa2011 tIEChanty TW *ea15o w&'>lets5akyuardirythe￿tsdthe ch•tyar¥J saki Aian Kem o￿l011k. INDEPENDENT EXAMINER'S REPORT TQ THE TRUSTEES OF StonehoL se Playspace Association ON THE ACCOUNTS FOR THE 12 MONTH PERIOD ENDED 31ST DECEMBER 2023 Res ctive Res nsibilities of Trustees and Examiner The charity's trustees are responsible foi the p￿palatIon of the accounts. The chanty's trustees consider that an audit Is not required ft)r this yeaf under section 144121 of the Charitse5 Act 2011 {the 2011 A(#) and that an independent exarnination is needed. It is my resFonsibilty to- ' examine thé accounts under SeCt￿n 145 of the 2011 Act., . to follmy the procedures laid down in the Gene¥al Direth'ons grven by the Chariti Gommissioner under sedson 14515}(bl of the 2011 Act", and . to statp whether p3rb"culat mattw5 have ojme to my attention. Basis of Inde ndent Examrnerfs My examinab.on was carried out in ￿Cordani￿ wth the General Direclions givèn by the Charity Commissioners. An examinab.on indudes a review of the 3(rx)unling recA)rds kept by the d)arity and a comparison of the accounts presented Mth those records . It also injudes (xjnsideration of any unusual rtems or disdosures in the accounts and seecing explanaiK)ns from you as trustees conceming sud) mattetS. The procedures undertaken do not provide all the evidence lh* would be required in an audit and Conseq￿e￿IlY r¥) opinion is given as lo whether the accounts present a 'ttue and fail view and e rewrt is limrted lo those matters set out in the statement below. Inde ndènt Examinerfs StateM￿t In conneci¢on wiltr.. my examinalion. no mattef has come to my attention.. . which gwes me feasonable (2USÈ to believe that. in any matenal respect, the requirements". la) to keep acox)unbng records in accordance V￿th section 130 of the 2011 A¢X." and Ibl to prepare a￿Ount5 ¥thich accord wrth the accounting records and to compl5 with the accounb.ng iequirefflents of the 2011 Act have not been met., . to which. in my cvinion, attention should be drawn in order lo enable a proper understanding of ttr..e a¢¢ounts to be reached. Signed.. Date". 1¢Jh April 2024 Mandy Wickery St Kew Accountancy Ltd. Patto Owriak Allen Park St. Kew Highway Bodmin PL30 3AR Stonehouse Playspace Asso¢iatioii Statement of Financial Activitie5 includin an Income and Ex nditure Account 12 month peri(Kl ended 31st December. 2023 Totsl Fund5 2023 Total Funds 2022 Notes Unrestr￿ted FurKIs Resth"cted Funds Incoming Resources Inconiing resour￿$ from geneTating fund,. Actsvities to generate funds Investment Income Incoming resources from Charitab￿ activrfii Other incoming iesources 205 205 65,086 70.043 Total Incoming Resources 65.291 65,291 70.079 Resources EX￿nded Charitable Activibes Govemance Costs 68.275 323 68,275 323 72.083 415 Total Resources Expended 68.599 68.598 72.498 Net Outgoing Resources: Net movement in Funds -3.307 -2,420 Total Funds at 1st January 2023 24.533 533 26.952 Intemal Transfer of Funds Total Funds at 31st December 2023 21.226 21,226 24,533 Stonehouse Playspace Association Income and Ex nditure Account for the 12 moi Ith period ended 31st December. 2023 01101123 - 31112123 INCOME Earned Ineorne PPYC Fees IIRechargesl PYS Fees IIRecharges} Rates Recharge.. Miscellaneous Net Interestllnvestment Income 9.600 19,200 33.147 3.023 116 205 GROSS PROFIT 65,291 EXPENDITURE Salaries HMRC Pensions Administration Insurance Rates Refreshments Telephonellnterp,2t TransFX)rt Professional Fees Miscellaneous Bank Chatges 51,499 8.233 2.033 918 3.023 1.836 413 68,S98 NET DEFICIT FOR THE YEAR 4,307 DEPRECIAT]ON Equipment OPERATING DEFICIT FOR THE YEAR 4,307 RETAINED SURPLUS BROUGHT FORWARD 24,533 RETAINED SURPLUS CARRIED FORWARD 21.226 SiJnehouse Playspace ASS￿lation B￿NcE SHEET AT 31ST DECEMBER, 2023 3111Y2023 3111212022 FIXED ASSErs Tangib￿ Assets 12 CURRENT ASSETS Debtors & PrepaWTr￿nt$ Shares ash at Bank & in Haad 14 4.983 282 21.680 4.801 282 24.725 29.608 CREDITORS AND ACCRUALS Amount5 falling due within one year 15 5.720 5.076 NET CURRENT ASSETS 21.226 24.$33 CREOtTORS Amounts falling due after one ye.?r 15 TOTAL ASSEfs LESS CURRENT UABILITIES 21.226 24.533 CAPITAL AND RESERVES Restricted Fu￿$ unreStr￿[8d Funds 21.226 24.533 21.226 24.533 ..-￿ned by Trustee Adrian Kemp Print Name Approved by the Trustees on. . .4yrif. 2024 Stonphouso Playspace ASs￿latIon NOTES TO TrIE FINANCLAL STATEMENTS fof the 12 rvonth period ended 31st D￿rnber, 2023 I. ACCOUNnNG POUCIES: Accounting ¢on¥entioTr The finanaal Stall￿entS have been prep¥ed thler historical cost convention arxl on an Accruals ba*s. in accordance the sialetnent of Recomr￿￿ Pta(*02LNJ51,the FinaThial Starxlard for Smalkr En￿tieS leffedwe Jawary 2Q1118rxl Ihe Llwri*sAci 2011. Voluntary Income Negligib￿ amounts ofvduntsry ina)tne 15 relwed bywty ofdonatir￿s aThY is in in the Statement of FinanoalAciwit*s when recw¥8ble. ThÈ value of seTrices providEd by vokjnleers has Th)t been induded. Expond￿lUT ReSou￿S expe￿ed are recagniopd in the P#KKI tw Th)fftd. Resixjr￿s eynded IrKI￿le 81tnbutaMe VAT ran not be reco¥ered. Unre5trict8d Funds Unrestricted funds are donalions, e.t￿S inC(￿e aThJ 01￿ iThxJmiry tesource5 or genera￿ for I object5 oflhe tharity ¥thoLrt fUrth-.rsre0￿ purtx)5e and are a¥aAable for a5 genwal atthÈ discrelion of the Injstees ￿ fiutrvartr oflhe ￿ner￿ t4)IeLa￿ of ts tharity. Dosignatad Funds Designated furKJs are ￿reStr1ded turx15 earrnarked by1￿ Mana￿￿tt (xxnrnrf￿_ for Pa￿Ular purp￿. R•stritted Funds Restn¢ted fU￿S are lo used fo,"swfic pwposes as18MI down bylhe d¢)rM)r. E.-pendrtute %vhth meets Ihese urtena c*arged to fwTd. legetherwth a ts1ranrts￿n of management and SLWWrt costs. Tangtblo FiAtrd assets Fixed assets ap capitalised at co:;. It not 10 (*pital￿e assets o)stiry kss Ihan £150. For valuation pu￿Ses. deyeoabon is i*kaJlated at folknwrKJ arHMJal tate5. in (Kderto ￿te off each asset over ils estsmaled useful life. VehKles F￿vre$ and Fitbr*Js Equipment 18% on a stravjhl knE b￿. 18% on ? straMJhl basi%. 18% on o stra￿h1 ￿rE basis. 2. DONATIONS 3111212023 T¢)tsl 3111212022 Total General donations 3. CURRENT ASSETS: Cash Bank 3111212023 31112r2022 Cash In H$ In Hand General FuThJ- C￿re.-.t 8usiness ReseNe 4.525 1Y,148 7.779 16.943 21.678 24.722 Stonehouse Playspace Assocfjatlon NOTES TO nlE FINW4Ci4L STATEIAENTS forthe 12 tnonlh pericNJ ended 31st Oecember, 2023 4. IPKOIAIMG RESOUR¢ESFROM.ICTiinnESTO FLI4TrER THECHARITWS 0￿¢T5 31M2rth 31112n02J Earned In(xme PPYC Salaries I(R￿h3￿) PYS Salane5 19.3 33.147 3.023 116 205 t9.2DD 33,147 3,023 25,835 32,128 1,E4)2 87F SuThlry 65.291 70.079 CURRENfASSETS." knvo¥br 31112m23 Tcéal 31112RJ23 Lthd UK Investrwrt Share5 01101r23 Ib￿S DtsrM)As Share5 held 31112r23 6.TRANSACTIONSVdtrH THE TRUSTEES 7. NET INCOIWNG RESIYJRCES FOR TFE YEAR 311121202J 31112￿22 T¢xal T¢￿ Fvt ThL5 LS Sta￿lafter thargiNJ FtMK¢ Independent Ex*nYWSf¢erThJner*￿n 323 415 323 323 415 B. GOVERNANCE COSTS Jll12r1023 3111212 T￿1 Fufvts Toi81 FurKI Fw 415 323 415 g. TRANSACTKJNS IWITH THETrUSTEES 10. STAFFCOSTS*J4D MUIABERS 31M212fy23 31112r2022 SaIaneSar￿ wages HklRC Sf.499 10639 2034 e8.055 2,033 61.786 Stonehouse Playspace Association NOTES TO THE FINANCIAL STATEMENTS fof the 12 morrth period endeil 31st December. 2023 11. DIRECT CHARITABLE EXPENDITURE Uwtrestricted GÈnÈral ReslriGted Fund Fund 3111212023 3111212022 Total Funds Total Funds SaLAr￿s HMRC 51.499 8.233 2.033 918 51.499 8,233 2.033 918 55.382 10,639 2.034 353 340 1.602 Pen5K)ns AdminLStration Insuran(* Rates Refreshrnent5 Telephonellntemel Transport Professional Fees Miscellarreous Bank Charges 3.OYJ 3.023 1.405 280 399 413 413 58 68,598 68.598 72.498 Addrtjonal note." Treatsyrent of the stsff costs foureS￿re &usted to indL** wages for employees utilis*J by Fjlymouth yO￿h Sailing an(1 Prin￿1￿ Pavilion Youth Club. 12. ASSETS Equlrfftnt Cost Brought Forward Addrtions Fulty Depreaaled As at 31st tkcemtw. 2023 Accthntslated Deprecsation Brought FO￿ard Charge for the pericAY Fully Depreciated As at 31st t*GetnL*r. 2023 Net Book val￿.. As at 31st DeceM￿eT. 2023 Net Book Val￿. As at 1st January. 2023 13. TAMTION The charity Is exernpt from corpwatwjn lax ¢)n it5 dwtitabb athitE5. 14. DEBTORS AND PREPAYMENTS.. knounts falling )23 3111212022 4,016 FNRC 1.216 271 Trkn Cralrtor5 5.72D 5.076 16. CAFYfAL COAWITMENTS t7. ANALYSIS OF NEfASSETS BETWEEN FUNOS Total Funds Funds Fvnds Futtd¥ TangiL4e assels Cutrenl assets LiaL¥lthes Nel assets As at 31st 2023 5.720 21.>6 5.720 21,226 18. MOVEMENYS IN FUNDS Inccthing (hrtw"ng 311121202J Total Resliict4d Funds Total Unie5tricted Funts 65.291 21,226 ToiAI Fun 291 21.226