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**
## **CONTENTS**
|Pages|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|
Page | 1
**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.
Page | 2
**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.
Page | 3
## **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
Page | 4
## **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
1. 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
2. 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
Page | 5
## **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)||||
Page | 6
**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|
|||
Page | 7
**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|
Page | 8
## **GOLDHILLPLAYASSOCIATION LTD NOTES TO THE ACCOUNTS (CONT.) FOR THE YEAR ENDED 31 MARCH 2024**
3. 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||
Page | 9
**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|
Page | 10
## **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|
||||||
Page | 11
**GOLDHILL PLAY ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONT.) FOR THE YEAR ENDED 31 MARCH 2024**
## 10. FUNDS
|FUNDS||||
|---|---|---|---|
|As at 1 April 2023
Surplus for year
As at 31 March 2024|Unrest
ricted
Funds
£
327,990
310,057
638,047|Rest
ricted
Fund
£
(200,521)
(328,623)
(529,144)|Total
£
127,469
(18,566)|
||||108,903|
Page | 12