GOLDHILL PLAY ASSOCIATION LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Registered number: 08075328 Charity number: 512440
GOLDHILL PLAY ASSOCIATION LTD
GOLDHILL PLAY ASSOCIATION LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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
DIRECTORS TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
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 2025.
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;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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ensure financial statements comply with the applicable accounting standards and any material departures are explained in the notes.
They are also responsible for:
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safeguarding the assets of the charity
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keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity
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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
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GOLDHILL PLAY ASSOCIATION LTD
DIRECTORS TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025
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 2025
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 behavioral 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 2025 and signed on its behalf by
Page | 5
…………………………………. gkin
N Hod
Registered Office
Goldhill Adventure Playground, Windley Road, Leicester, LE2 6QX
GOLDHILL PLAY ASSOCIATION LIMITED INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED MARCH 202 5
I report on the accounts of the company for the year ended 31[st] March 2025 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:
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Examine the accounts under section 145 of the 2011 Act
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Follow the procedures laid down in the general Directions given by the Charities Commission under section 145(5)
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(b) of the 2011 Act, and
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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
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Which gives me reasonable cause to believe that in any material respect the following requirements have not been met:
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a) To keep accounting records in accordance with s386 of the Companies Act 2006 and
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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
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To which in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached
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GOLDHILL PLAY ASSOCIATION LTD
AIMS Accountants for Business
7 July 2025
Page | 7
GOLDHILL PLAY ASSOCIATION LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrest | Unrest | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| ricted | Restricted | ||||||||
| Note | Funds | Funds | 2025 | 2024 | |||||
| £ | £ | £ | £ | ||||||
| Income and Expenditure | |||||||||
| Incoming Resources | 2 | 570,042 | 422,783 | 992,825 | 572,787 | ||||
| Resources Expended | |||||||||
| Direct charitable expenditure | 3 | 67,667 | 663,341 | 731,008 | 547,288 | ||||
| Management and administration of the | charity | 5 | 74,649 | 5,026 | 79,675 | 44,065 | |||
| 14 ,3 |
6 | 66 ,36 |
|||||||
| 2 1 |
8 | 7 | |||||||
| Total Resources Expended | 6 | 810,683 | 591,353 | ||||||
Net (Outgoing)/Incoming Resources before |
|||||||||
| Transfers | 427,726 | (245,584) |
182,142 | ||||||
| (18,566) | |||||||||
| Net (Outgoing)/Incoming Resources for the | |||||||||
| year | 427,726 | (245,584) | 182,142 | (18,566) | |||||
| - | - | ||||||||
| Net Movement in Funds | 182,142 | (18,566) | |||||||
| 427,726 | (245,584) | ||||||||
| Fund Balances forward at 1 April 2024 | |||||||||
| 638,047 (529,144) | 108,903 | 127,469 | |||||||
| Fund Balances forward at 31 March | 2025 | 10 | 1,065,773(774,728) | 291,045 | 108,903 | ||||
| Other Recognised Gains and Losses | - | - | |||||||
| GOLDHILL PLAY ASSOCIATION | |||||||||
| LTD | BALANCE SHEET | AT | 31 | ||||||
| MARCH 202 **5 ** | |||||||||
| Note | 2025 | 2024 | |||||||
| £ | £ | £ | |||||||
| FIXED ASSETS | |||||||||
| Tangible assets | 7 | 33,535 | 34,797 | ||||||
| CURRENT ASSETS | |||||||||
| Debtors | 8 | 141,359 | 81,711 |
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GOLDHILL PLAY ASSOCIATION LTD
| Cash at bank and in hand CREDITORS: Amounts falling due within one year 9 NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted 10 Restricted 10 |
151,665 | 257,510 1,065,773 (774,728) 291,045 291,045 |
39,582 121,293 47,187 74,106 638,047 (529,144) 10 8 ,90 3 10 8 ,90 3 |
|---|---|---|---|
| 293,024 35,514 |
|||
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
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.
| 2025 | 2024 | ||
|---|---|---|---|
| Leasehold property | Over the lease term | ||
| Motor vehicle | % reducing balance | 25 | 25 |
| Fixtures and fittings % reducing balance | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrest Rest Total_Total _ricted ricted | |||||||||
| Funds | Funds | 2025 | 2024 | ||||||
| £ | £ | £ | £ | ||||||
| Grants | - | 422,783 | 422,783 | 212,965 | |||||
| Fees | 175,975 | - | 175,975 | 13,115 | |||||
| Mentoring | 386,138 | - | 386,138 | 327,795 | |||||
| Fundraising activities - Tuck shop | 2,955 | - | 2,955 | 17,458 | |||||
| Daytime group - Gold Club | - | - | 4,974 |
- | - -Donations received 570,042 422,783 |
4,974 - 992,825 |
__1,454 572,787 |
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GOLDHILL PLAY ASSOCIATION LTD
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GOLDHILL PLAY ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONT.) FOR THE YEAR ENDED 31 MARCH 2025
3. DIRECT CHARITABLE EXPENDITURE
Unrest Rest Total Total ricted ricted 2025 2024
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||||||||||
|---|---|---|---|---|---|---|---|---|
|£|£|£|£|
|Purchases - other|-|-|-|-|
|Tuck shop purchases|2,063|-|2,063|6,225|
|Activity costs|58,532|45,775|104,307|37,519|
|Property expenses 7,072|52,945|60,017|15,829|Salaries|-|523,494|523,494|451,695|
|Staff expenses & welfare|-|41,127|41,127|36,020|
|67,66|66,34|73,00|
|547,288|7|3|1|1|8|
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547,288
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|---|---|---|---|
|4.|FUNDRAISING AND PUBLICICTY|
|Unrest- Retst- Total Total ricted ricted 2025 2024|
|£|£|£|£|
|-|-|-|-|
|-|-|-|-|
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- MANAGEMENT AND ADMINISTRATION OF THE CHARITY
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----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Accountancy and bookkeeping|2,168|5,837|
|14,896|
|Professional Fees|17,167|
|Cleaning|7,705|2,405|
|Equipment leasing|22,448|12,225 Postage and stationery|9,041|132|
|Telephone|1,559|2,814|
|Marketing|96|-|
|Subscriptions|2,045|1,680|
|Bank charges|982|299|
|Sundry expenses|13,602|755|
|Depreciation short leasehold property|780|780|
|Depreciation of fixtures & fittings|273|365 Depreciation of motor vehicles|400|-|
|Depreciation of equipment|1,409|1,877|
|7|,67|4|,06|
|9|5|4|5|
|6.|TOTAL RESOURCES EXPENDED|
|Staff|Deprec|Other|Total|Total|
|Costs|iation|Costs|2025|2024|
|£|£|£|£|£|
|-|
|Direct charitable expenditure|523,494|207,514|731,008|547,288|
|-|
|Management and administration of the charity|2,862|76,813|79,675|44,065|
|52,49|2,862|28,3|7|81,68|59,35|
|3|4|4|2|0|3|1|3|
----- End of picture text -----
GOLDHILL PLAY ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONT.) FOR THE YEAR ENDED 31 MARCH 2025
Page | 9
No employees earned £40,000 p.a. or more. The average number of employees, analysed by function, was: Play workers Manager
| 2025 33 ~~1~~ 3 4 |
2024 20 ~~1~~ 2 1 |
|---|---|
GOLDHILL PLAY ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONT.) FOR THE YEAR ENDED 31 MARCH 2025
Page | 10
| 7. TANGIBLE FIXED ASSETS Short Motor Fixtures & Leasehold Vehicles Equipment £ £ £ At 1 April 2024 38,986 26,860 Additions - 1,600 - Disposals - - At 31 March 2025 At 1 April 2024 31,049For the year 2,862 On disposal At 31 March 2025 Net Book Amounts At 31 March 2024 At 31 March 2025 8. DEBTORS 2024 Trade debtors Other debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 £ Payments received in advance - Trade creditors 31,132 Other creditors including taxation and social security 4,382 Accruals - 3 3 ,53 5 38,986 1,600 26,860 10,917 20,132 780 400 1,682 - - 11,697 400 21,814 28,069 - 6,728 27,289 1,200 5,046 2025 £ 134,240 7,119 141,359 |
Total £ 65,846 1,600 - |
|
|---|---|---|
| 67,44 | ||
| - 6 |
||
| 33,91 | ||
| 34,797 £ 78,720 2,991 £ 30,523 619 16,045 - 8 1 ,71 1 1 |
GOLDHILL PLAY ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONT.) FOR THE YEAR ENDED 31 MARCH 2025
| 3 5 ,15 4 |
4 ,18 |
|---|---|
| 7 7 |
Page | 11
10. FUNDS
| As at 1 April 2024 Surplus for year As at 31 March 2025 |
Unrest ricted Funds £ 638,047 427,726 1,065,773 |
Rest ricted Fund £ (529,144) (245,584) (774,728) |
Total £ 108,903 182,142 29 1 ,04 5 |
|---|---|---|---|
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