2024-03-31-accounts

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GOLDHILL PLAY ASSOCIATION LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Registered number: 08075328

Charity number: 512440

GOLDHILL PLAY ASSOCIATION LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2	to	4	Directors trustees’ report
5			Accountant's report
6			Statement of financial activities
7			Balance sheet
8	to	12	Notes to the Accounts

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GOLDHILL PLAY ASSOCIATION LTD DIRECTORS TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024

Trustees

Trustees who served during the year were as follows:

N Hodgkin Chair T Charman Treasurer D Dixon Secretary A Rigby Trustee / Director V Grimley Trustee / Director N Gaulty Trustee / Director K Kaaczel Trustee / Director

The powers of appointing directors are vested in the Executive Committee which is elected by the members at the Annual General Meeting.

The trustees present their annual report and financial statements of the charity for the year ended 31 March 2024.

Reserves Policy

The reserve Policy agreed by the Committee is to maintain Unrestricted Funds in the form of bank deposits.

Statement of trustees / director’s responsibilities.

The Trustees are required as a charity and under the Charities Act 2011 to prepare financial statements for each financial year which give a true and fair view of the affairs of the company and disclose the net income or expenditure of the charity for that period, and:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
ensure financial statements comply with the applicable accounting standards and any material
departures are explained in the notes.

They are also responsible for:

safeguarding the assets of the charity
keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity
taking reasonable steps for the prevention and detection of fraud and other irregularities.

Legal status

The charity is constituted as a registered charity, registered number 512440. The charity is controlled by its governing document.

The charity is incorporated in England and Wales as a company limited by guarantee. Company number 0805328.

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GOLDHILL PLAY ASSOCIATION LTD DIRECTORS TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Objectives of the charity

The objects of the Association shall be the provision of facilities for recreation and other leisure-time occupation for children resident in the Saffron Lane Area of Leicester, being facilities: a) of which such children have need by reason of their youth or social and economic circumstances and b) which will improve the conditions of life for such children by promoting their physical, mental and social wellbeing.

We believe that all children have the right to play freely and safely. We aim to provide a friendly, caring and secure environment for children and young people.

We aim to improve the understanding of the importance of play and give parents and carers the opportunity to take part in their child’s play. We aim to encourage a child’s physical, mental and social development through challenging activities. We aim to create an environment for equal opportunities. We aim to have fun.

Structure, Governance and Management

Recruitment and appointment of new trustees The methods adopted for the recruitment and appointment of new trustees Nature of the governing Document and Constitution of the Charity:

a) The Association may admit, as members, any persons who are interested in the objects of the Association and who

may have special knowledge, which can assist the Association. Candidates for membership are to be elected by the

Executive Committee at its sole discretion.

b) Each member shall pay a minimum annual subscription to be determined by the Association.

c) The membership of any member shall cease upon the Secretary or the Association receiving written notice of his or her intention to resign or upon the passing of a resolution terminating his or her membership at a General Meeting. d) The committee shall have power to expel any member who shall, in the opinion of the Committee, render him or her unfit for membership of the Association. Before any such member is expelled, the Secretary shall give him or her

seven days written notice to attend a meeting of the Committee and shall inform him or her of the complaints made

against him or her. No member shall be expelled without first having an opportunity of appearing before the Committee and answering complaints made against him or her or unless two thirds of the Committee attend the

Committee meeting at which the expulsion is decided and vote in favour of his or her expulsion. e) No member of the immediate family of an employee of Goldhill Play Association shall stand or serve on the Executive Committee without knowledge and agreement if the trustees

f) Members of immediate family shall include: parents, children, spouses, common-law-spouses, ex-spouses or any children of the above.

The charity has three separate sections - Main Society, House 1 and House 2 - which have their own management committees and who have autonomous control and management of their section and work closely with the other management committees. Senior members of staff have responsibility and control of the day to day management of House 1 and House 2

The charity benefits from many voluntary hours and unclaimed out of pocket expenses contributed by its volunteer helpers. It is impossible to quantify the value of such help but the management committees wish to place on record their appreciation of the commitment and dedication shown by our staff and volunteers.

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GOLDHILL PLAY ASSOCIATION LTD DIRECTORS TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Review of activities

Goldhill would like to thank its many donors and supporters for their support over the last year. Goldhill continues to receive support from the Big Lottery programme which enables our family support work to continue to provide services for the families within our community.

Our food bank is operated on behalf of the Trussell Trust and we support around 35 people per week with their food boxes.

Our market which we run on Fridays helps around 75 families per week and for a cost of £2, they can collect around £35 worth of food per week.

The Goldhill Alternative Provision is now in full swing and we have around 22 young people per day from over 35 schools.

Future plans from the service is to explore independent schools and the way forward for our excellent services recommended by councils, schools SEN workers and social services.

After a number of complaints to OFSTED about their inspection procedures, we received a ‘compliant’ rating, which in turn allows more schools to use our services.

Our banking practices are now proving difficult as many suppliers require bacs payments which Goldhill’s accounts do not allow for this practice, so we are now looking for a way forward.

Review of finances

The charity relies on grant aid from the donors identified in the accounts, whose support is valued. To add sustainability to the play association, an additional service mentoring and supporting young people with behavioural needs, leading to exclusions from school (permanent and temporary) has been added. We work with schools and virtual schools on providing the above support at a cost to the school or education department.

Investment performance

No policies of investment considered at this time or invested by the trustees.

General fund

The Statement of Financial activities for the year shows a loss for the year of £18,566 (2023: -£23,951). Movements in fixed assets are set out in note 7 to the accounts.

Restricted

Donations are recognised as income and depreciation and profit\loss on sale are charged as expenses.

Professional advisers

Professional advisers to the society during the year were as follows:

Bankers Royal Bank of Scotland plc

Accountant Aims Accountants for Business

Approved by the board of directors on 7 July 2024 and signed on its behalf by

N Hodgkin

………………………………….

Registered Office

Goldhill Adventure Playground, Windley Road, Leicester, LE2 6QX

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GOLDHILL PLAY ASSOCIATION LIMITED INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED MARCH 2024

I report on the accounts of the company for the year ended 31[st] March 2024 which are set out on pages 6 to 12.

Respective Responsibilities of Trustees and Examiner

The Trustees (who are also directors of the company for company law) are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed. I am qualified by being a member of the ACCA.

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination it is my responsibility to:

Examine the accounts under section 145 of the 2011 Act
Follow the procedures laid down in the general Directions given by the Charities Commission under section 145(5)(b) of the 2011 Act, and
State whether particular matter have come to my attention

Basis of Independent Examination

My examination was carried out in accordance with the directions given by the Charity Commissioners. An examination including review of accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of the unusual items or disclosures in the accounts and seeking explanations from the Director Trustees of any such matters. The procedures undertaken do not provide all of the evidence that would be required from an audit and consequentially 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:

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 following requirements have not been met:
a) To keep accounting records in accordance with s386 of the Companies Act 2006 and
b) To prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and the methods and principles of the Statement of Recommended Practice: Accounting and reporting by Charities
To which in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached

AIMS Accountants for Business

7 July 2024

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GOLDHILL PLAY ASSOCIATION LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Note Income and Expenditure Incoming Resources 2 Resources Expended Direct charitable expenditure 3 Management and administration of the charity 5 Total Resources Expended 6 Net (Outgoing)/Incoming Resources before Transfers Net (Outgoing)/Incoming Resources for the year Other Recognised Gains and Losses Net Movement in Funds Fund Balances forward at 1 April 2023 Fund Balances forward at 31 March 2024 10	Unrest ricted Funds £ 359,822 6,225 43,540 49,765 310,057 310,057 -		Restricted Funds £ 212,965 541,063 525	Total Total 2024 2023 £ £ 572,787 501,075 547,288 440,808 44,065 36,316 591,353 477,124 (18,566) 23,951 (18,566) 23,951 - - (18,566) 23,951 127,469 103,518 108,903 127,469
			541,588
			(328,623) (328,623) -
	310,057 (328,623) 327,990 (200,521) 638,047(529,144)

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GOLDHILL PLAY ASSOCIATION LTD BALANCE SHEET AT 31 MARCH 2024

FIXED ASSETS Note Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS: Amounts falling due within one year 9 NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted 10 Restricted 10	2024 £ £ 2023 £ 34,797 33,119 81,711 12,120 39,582 114,593 121,293 126,713 47,187 32,363 74,106 94,350 108,903 127,469 638,047 327,990 (529,144) (200,521) 108,903 127,469
	121,293 47,187

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GOLDHILL PLAY ASSOCIATION LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

1 ACCOUNTING POLICIES

1a. Basis of accounting

The accounts have been prepared under the historical cost convention on the accrual’s basis and in accordance with the accounting principles set out in SORP - Accounting for Charities.

1b. Tangible fixed assets

Fixed assets are shown at historical cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life on a straight-line basis.

		2024	2023
Leasehold property		Over the lease term
Motor vehicle	% reducing balance	25	25
Fixtures and fittings	% reducing balance	25	25

1c. Allocation of Expenditure

Expenditure has been allocated between the main headings in the Statement of Financial Activities on the basis of the type of activity to which they relate. Income and expenses have not been netted off.

2. INCOMING RESOURCES

INCOMING RESOURCES
Grants Fees Mentoring Fundraising activities - Tuck shop Daytime group - Gold Club Donations received	Unrest ricted Funds £ - 13,115 327,795 17,458 - 1,454 359,822	Rest ricted Funds £ 212,965 - - - - - 212,965	Total 2024 £ 212,965 13,115 327,795 17,458 - 1,454 572,787	Total 2023 £ 308,714 16,515 160,850 3,110 - 11,886
				501,075

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GOLDHILLPLAYASSOCIATION LTD NOTES TO THE ACCOUNTS (CONT.) FOR THE YEAR ENDED 31 MARCH 2024

DIRECT CHARITABLE EXPENDITURE

	DIRECT CHARITABLE EXPENDITURE
	Purchases - other Tuck shop purchases Activity costs Property expenses Salaries Staff expenses & welfare	Unrest- ricted £ - - Unrest ricted £ - 6,225 - - - - 6,225	Retst- ricted £ - - Rest ricted £ - - 37,519 15,829 451,695 36,020 541,063	Total 2024 £ - - Total 2024 £ - 6,225 37,519 15,829 451,695 36,020 547,288		Total 2023 £ - - Total 2023 £ - 8,983 35,564 9,930 347,406 38,925 440,808
4. FUNDRAISING AND PUBLICICTY Unrest- ricted £ - - 5. MANAGEMENT AND ADMINISTRATION OF THE CHARITY	FUNDRAISING AND PUBLICICTY	Unrest- ricted £ - -

4.	FUNDRAISING AND PUBLICICTY
		Unrest-
		ricted
		£
		-
		-
5.	MANAGEMENT AND ADMINISTRATION OF THE CHARITY

Accountancy and bookkeeping Professional Fees Skip Hire Equipment leasing Postage and stationery Telephone Marketing Subscriptions Bank charges Sundry expenses Depreciation short leasehold property Depreciation of fixtures & fittings Depreciation of equipment 6. TOTAL RESOURCES EXPENDED Direct charitable expenditure Management and administration of the charity	Staff Deprec Costs £ 451,695 iation £ - - 3,022 451,695 3,022	Other Costs £ 95,593 41,043 127,516		2024 £ 5,837 14,896 2,405 12,225 132 2,814 - 1,680 299 755 780 365 1,877 44,065 Total 2024 £ 547,288 44,065 591,353		2023 £ 6,624
						14,813 2,909 4,710 180 2,235 864 1,417 362 - 780 648 774
						36,316
					Total 2023 £ 440,808 36,316
					477,124

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GOLDHILL PLAY ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONT.) FOR THE YEAR ENDED 31 MARCH 2024

No employees earned £40,000 p.a. or more. The average number of employees, analysed by function, was:

No employees earned £40,000 p.a. or more. The average number of employees, analysed by function, was:
Play workers Manager	2024 20 1 21	2023 12 1
		13

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GOLDHILL PLAY ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONT.) FOR THE YEAR ENDED 31 MARCH

2024

7. TANGIBLE FIXED ASSETS Short Leasehold £ At 1 April 2023 38,986 Additions - Disposals - At 31 March 2024 38,986 At 1 April 2023 10,137 For the year 780 On disposal - At 31 March 2024 10,917 Net Book Amounts At 31 March 2023 28,849 At 31 March 2024 28,069 8. DEBTORS Trade debtors Other debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Payments received in advance Trade creditors Other creditors including taxation and social security Accruals		Fixtures & Equipment £ 22,160 4,700 - 26,860 17,890 2,242 - 20,132 4,270 6,728 2024 £ 78,720 2,991 81,711 2024 £ 30,523 619 16,045 - 47,187		Total £ 61,146 4,700 -
				65,846
				28,027 3,022 -
				31,049
				33,119
				34,797
				2023 £ 12,120 -
				12,120
				2023 £ 28,444 247 3,672 - 32,363

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