PLAYBOARD NORTHERN IRELAND
Company Limited by Guarantee
Financial Staternents
Year Ended 31 March 2024
Cornpany No.. N1030225
Charity No: NIC104724

PLAYBOARD NORTHERN IRELAND
Company Limited by Guarantee
Table of Contents
Year Ended 31 March 2024
Page
Company Information
Report of the Trustees
Independent Auditors Report lo the members
17
Statement of Financial Activities
20
Balance Sheet
21
Cash flow slalement
22
Notes to the Financial Statements
23-29

PLAYBOARD NORTHERN IRELAND
Company Limited by Guarantee
Statement of Financial Activities
(incorporating an income and expenditure account)
Year Ended 31 March 2024
Total Funds Total Funds
2024
2023
Unrestricted
Restricted
Notes
Income and endowrnents from:
Charitable Activities
139,438
446.874
586,312
932,656
Investments
3.385
3.385
636
Total Income and endowments
142,823
446.874
589,697
933,292
Expenditure on:
Charitable Activities
1220.568)
{474,9491
(695.5171 1965,3351
Total Expenditure
{220,568)
(474.9491
1695.5171 1965.335)
Net expenditure for the
year before transfers
177,7451
(28.075)
{105,820)
(32,043)
Transfers between funds
{28,0751
28,075
Net movement in funds
1105.820)
{105.820)
132.043)
Reconciliation of funds:
Total funds brought forward
1.560,353
1,560,353
1.592,396
Total Funds Carried Fonvard
14115
1.454.533
1.454.533
1,560.353
All income derives from continuing actiwlies. therefore no statement of recognised gains or losse5 is given.
The notes on pages 23 10 29 form part of these financial statements.
20

PLAYBOARD NORTHERN IRELAND
Company Limited by Guarantee
Balance Sheet
as at 31 March 2023
Note
2024
2023
Flxed Assets
Tangible assets
10
875,908
904,392
Current Assets
Debtors
Cash at bank and in hand
11
114,709
474,010
588.719
261,464
410.906
672,370
Creditors= amounts falling due within one year
12
10,094
16,409
NET CURRENT ASSETS
578,625
655.961
NET ASSETS
1,454,533
1,560,353
Represented by:
Unrestricted Funds
14
1,454.533
1,560.353
Restrl¢ted Funds
15
1,454.533
1.560.353
These financial statements have been prepared in accordance with the provsisions applicable to
companies subject to the small companies regime.
These financial statements were approved by the members of the committee and authorised for issue on
the
and are signed on their behalf by..
Stuart Buchanan
Trustee
Company Registration Number N1030225
The notes on pages 23 to 29 form part of these financial statements.
21

PLAYBOARD NORTHERN IRELAND
Company Limited by Guarantee
Statement of Cashflow
as at 31 March 2024
Note
2024
2023
Cash generated from/ (usgd inj operating activities
17
63,103
{112,979)
Cash flows from Investsng activities
Payments to acquire fixed assets
(7491
Net cash flow from investing activities
1749)
Increasel (decrease) in cash and cash equivalents
in the year
63,103
1113,7281
Cash and cash equivalents at beginning of period
410,907
524,634
Cash and cash equivalents at end of period
474.010
410.907
The notes on pages 23 to 29 form part of these financial statements.
22

PLAYBOARD NORTHERN IRELAND
Company Limited by Guarantee
Notes to the Financial Statements
for the period ended 31 March 2024
1 ACCOUNTING POLICIES
The principal accounting policies adopted. judgements and key sources of estimation uncertainly in the
preparation of the financial stalemenls are as follows:
al Basis of p￿ParatIOn
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 leffeclive 1
January 20191- (Charities SORP IFRS 1021). the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021, the Charities Act {Northern Ireland) 2008 and the Companies Act 2006.
Playboard Northern Ireland meets the definition of a public benefit entity under FRS 102.
The Charity has taken advantage of the following disclosure exemptions in preparing these financial
statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK & ROI..
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(dl',
the requirements of Section 11 Financial Instruments paragraphs 11.42. 11.44 to 11.45, 11.47,
11.481a)liiil, 11.48la){ivl, 11.48{bl and 11.48lc)',
bl Preparation of the accounts on a going concern basis
The activities of the charity were impacted slightly by the effects of Covid in the financial year ended 31
March 2024. However, the trustees are of the view that they have responded pro-actively throughout
and the measures taken during the year to reduce costs and continue lo secure future funding has
meant that the charity has been well placed to manage Ihe uncertainty going forward. The trustees
believe that sufficient resources and future funding will be available to support the charitls ability lo
continue as a going concern. even with the uncertainty of a fijnctioning Execub've and local Assembly
impacting significantly on both service funding and policy development, PlayBoard have ensLJred that
there are appropriate levels of reserves lo enable il lo deal with an expected reduction of income or
unforeseen circumstances.
cl Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
General funds may be transferred to designated funds where Tnjstees wish to use these funds for a
specific purpose. Such funds may be transferred back to general funds once the criteria for the
designation have been met or are no longer applicable.
Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The cost of raising and
administering such funds are charged against the specific fund. The aim and use of restricted funds is set
out in the noles to the financial slatemenls. Restricted funds may only be transferred lo general or
designated funds once the criteria for restriction have been discharged or no longer apply.
d} Income Recognitlon Pollcies
Items of income are recogni5ed and included in the accounts when all of the following criteria are mel..
The charity has entillemenl to the funds-
any performance conditions attached to the item of income has been mel or are fully within the control
of the charity-,
there is sufficient certainty that receipt of the income is considered probable.
23

PLAYBOARD NORTHERN IRELAND
Company Limited by Guarantee
Notes to the Financial Statements
for the period ended 31 March 2024
1 ACCOUNTING POLICIES Icontinugd)
e) Interest Receivable
Interest on funds held on deposit is included when receivable and the amount can been measured
reliably.
fj Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment lo a third
party, it is probable that settlement will be required and the amount of the obligation can be measured
reliably. Expenditure is classified under the following activity headings..
Expenditure on charitable activities includes the costs of activities undertaken to further the
purposes of the charity and their associated support costs
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
g} Allocation of support cost$
Support costs are those functions that assist the work of the charity but do not directly undertake
charitable aclivilies. Support costs include back office costs, finance. personnel, payroll and governance
costs which support the charity's programmes and activities. These costs have been allocated to
expenditure on charitable activities.
h) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening the deposit or similar account.
il Tangible Fixed Assets
Individual fixed assels are capitalised al cost and are depreciated over their estimated useful economic
lives on a straight line basis as follows..
Asset Category:
Annual Rate
Freehold Property
2/0
Fixtures, fittings and equipment
25/
The carrying values of tangible fixed assets are reviewed for impairment when events or circumstances
indicate the carrying value may nol be recoverable
j) Debtors
Trade and other debtors are recognised al the settlement amount due after any trade discount offered.
Prepayments are valued al the amount prepaid after taking account of any trade discount due.
k) Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and th6 amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at
their settlement amount after allowing for any trade discounts due.
11 Financial Instruments
The Charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section
12 Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
24

PLAYBOARD NORTHERN IRELAND
Company Limited by Guarantee
Notes to the Financial Statements
for the period ended 31 March 2024
1 ACCOUNTING POLICIES {continuedl
m) Financial instruments (continued)
instruments are recognised in the Charity's balance sheet when the Charity becomes party lo the
conlraclual provisions of the inslrumenl.
Financial assets and liabilities are offset. the nel amounts are presenled in the financial 51atemenls,
when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo
settle on a net basis of to realise the asset and sellle the liability simultaneously.
Basic financial assets
Basic financial assets. which include debtors, cash and bank balances. are initially measured al
transaction pri￿ including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured al the present value of the fulure recèipts discounted al a market rate of
interest. Financial assets classified as receivable within one year are not amorbsed.
Basic financial liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised al transaction price
unless the arrangement constitutes a financing transaction, where the debt instruments is measured al
the present value of the future payments discounted at a market rale of interest. Financial liabilities
classified as payable within one year are not amortised.
Debt instruments are subsequendy carried al amortised cost. using the effective interesl rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilities if payment is
due within one year or less. If not, they are presented as non current liabilities. Tmde creditors are
recognised initially at transaction price and subsequently measured al amortised cost using the effective
interest method.
Derecognition of financial Ilabilities
Financial liabilities are derecognised when the Charit￿S contractual obligations expire or are discharge
or cancelled.
n) Pensions
The company operates a defined contribution pension scheme. Contributions are charged in the
statement of financial activities as they become payable in accordance with the rules of the scheme.
ol Taxation
extent that income andlor gains are applicable and applied lo charitable purposes only. These
exemptions will rernain in place as long as income and expenditure is applied lo charitable purposes
only.
p) Critical accounting estimates and judgements
In the application of the Charitys accounting policies. the Trustees are required lo make judgements.
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other source5. The eslimales and associated assumptions are based on historical
experience and other factors that a￿ considered to be relevant. Actual results may differ from these
estimates.
The eslimales and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only
that period, or in the period of the revision and future periods where the revision affects both current and
future periods.
25

PLAYBOARD NORTHERN IRELAND
Company Limited by GuarantO0
Notes to the Financial Statements
for the period ended 31 March 2024
2 Income fn>m Charitable ktivitles
Total Funds
2024
Total Funds
2023
Unrestricted
R•strleted
Education Authority- Youth @ Play and PYP
Posits've Playgrounds
Sal85
Play Delivery
Childcare Partn8r5hip
HSCB 8righf Slari Grant
P88ce IV- Our Generation
Department ol Edu¢atson
DE Consult
107.548
2.250
1.491
125.541
62.461
120,000
245.756
267,609
4,553
1,223
121.199
7.532
4,553
1,223
121,199
67.532
120.000
135,874
131,000
4,931
4.931
139.438
446,874
586,312
932,656
The 2023 balance of £932,656 was split beiween ￿St￿tted funds of £800,913 and unreslricled funds of £131,743.
60,000
120,000
135.874
131,000
3 Investmènt Income
Total Funds
2024
Total Funds
2023
UnreSt￿¢t•d
Restri¢led
Bank Inte￿st R8CelV8ble
3,385
3.385
636
The 2023 balance of£636 was all unrestrieted funds.
4 Results for the year
The ￿S￿lts for th8 year has been arrFved at after charging Ihe followng..
2024
2023
Staff Pension Contributions
Depreciation
Auditors Remuntrration
39.817
28.484
5,760
53.299
33,427
5,580
S Analysis of expenditure on charitable actTrvities:
Total Funds Total Funds
2024
2023
Unrestrlcted
Restricted
Thematic Support
HSCB Bright Start Grant
School Aged Children
Wotklorce and Play Development
Ytsuth @ Play
Our Generation
Childcare Partnership
ROI
Department of Education
Support Costs (see Note 61
Govemance Costs (see Note 6}
28.484
28,484
115.502
35,920
115,502
207.306
104.605
101,155
226,964
135,629
5,000
140,629
111.863
55.955
111,863
55,955
26,006
131.335
131,335
192.127
27.266
50.303
77,569
88,334
3.184
4.991
8,175
8.924
220.568
474,949
695.517
965,335
The 2023 balance of £965.335 was split between restricted fvnds of £814.744 and unrestricted funds of £150.961.
26,006
26

PLAYBOARD NORTHERN IRELAND
Company Llmited by Guaranteg
Notes to the Financial Statement5
for the period ended 31 March 2024
6 Analysis of govqrnance and gUPPOrt costs=
The charity initially identif18s the costs ol ils support functions. 11 then identifies thos& cost5 which Telate to the govemanc8
function. Govérnance costs and other support costs are apportioned separatèly b81ween the charilable activity undertaken in
the period. Refer lo the table below for th8 basis for apportionment and analysis ol support and governance costs.
Gontral Support
Govemanc• Function
Unrestricted Restricted Unrestricted
Restricted
Totsl Funds Total Funds
2024
2023
Thematic Support
HSCB Bright Start Grant
School Aged Children
Workforce and Play Developrnenl
Childcare Partnership
Youth Play
Department of Education
Our Generation
16,702
16,668
1,459
18,127
15,605
22,4S4
27,266
3.184
30,450
4.947
4.477
470
16.332
4.112
22,054
8,790
20,368
969
2,093
9,759
22,461
7 Analysls ol staff costs:
2024
2023
Salaries and Wages
Employers National Insurance
Other Pension Costs
470,070
47.940
20.319
660.586
64,858
27,032
52,
No employees had emoluments (including employers contributions) be￿en £70.000-£80.000.12023.' None)
One employee had emoluments (including employers contributs.onsl b8tW8en £60,000-£70,000.12023.. On81
The key management personnel of thè charity comprise the Trust8es, th8 Chair, the Chief Executive orri¢er. the director of
Corporate Services & Finance and lh8 Director of Service Delivery & Development.
8 Staff Numbers
The average monthly number of employees during the year was..
2024
Number
14
2023
Number
16
Number ol Project Staff
Nutnber of Administrative Staff
Number of senior managemenl staff
Number of finance staff
20
23
TRUSTEES. EMOLUAIENTS
The charity Tru5tee5 were not paid or received any other bentfits from ernployThent with the charity in the year12023'. £nill
nelther were they reimbursed expense5 during the year12023.' £nill. No charity Trustee received payment for professional or
olher services supplied lo the charity12023.. £nill.
27

PLAYBOARD NORTHERN IRELAND
Company Limited by Guarantee
Notes to the Financial Statements
for the period ended 31 March 2024
9 Related Party Transactions
The charity was under the control of the board of Iruslees through out Ihe year. The￿ are no ￿lated party Irar15aclions
to disclos¢ under FRS 102.
None of the Truslees receive remuneration or other benefit from Iheir work with the charity. Any connection beiween a
Trustee OT senior manager of the charily with organisalions the charily works with musl be disclosed to the full Board of
Trustees in the same way as any other contractual relationship with a related party.
During the period PlayBoard Northem Ireland did not enter into any transactions with related parties.
10 Tan9lblè Fix¢d Assets
Fr¢ohold Fixtures &
Property
Fittings
Total
Cost..
AS 811 April 2023
Addition5
Disposals
As at 31 March 2024
1,215.249
132,825
1,348,074
1,215.249
132,82S
1,34B,074
Depre¢iatiori'.
As at 1 April 2023
Chargè for the year
Depn on disposal
As al 31 March 2024
316,323
24.404
127,359
4,080
443.682
28.484
340.727
131,439
472.166
Nel Book Value
As at 31 March 2023
898.926
5,466
904,392
A¥ at 31 March 2024
874,522
1,386
875,908
11 Dèbtors
2024
2023
Trade Debtors
Gpnts Receivable
Prepayments and accrued in¢ome
34,806
79,831
71
114,709
589
260,875
261,464
12 Creditors. amounts falllng duè wlthin on¢ ￿•r
2024
2023
Trade Creditors
A¢¢ru81s and Deferred Incorne
3.894
6,200
10,094
3.266
13,143
16,409
28

PLAYBOARD NORTHERN IRELAND
Company Limited by Guarantee
Notes to tho Financlal Statements
for the period ended 31 March 2024
13 Credltors.. amount5 falling due withln one year
Movemen
ncome
As al 1 April 2023
Resources deferred during the year
Amounts ￿leaSed frorn previous years
As at 31 March 2024
7,563
17.5631
14 Analysls of Movements in Unre5trictsd Funds
Opening
Balance
Asat31
March 2024
Income Exp•nditure
Transfers
Unrestrfet•d funds
Gen8ral funds- all funds
Designated Funds
428,566
1,131.787
142.824
1196.1641
124,4051
128,0751
347,151
3.107,382
Total
1.560,353
142.824
1220.5691
128.0751
1,454,533
15 Analysls of Movements in Restrlctsd Funds
Opening
Balance
Asat31
March 2024
Incorne Expenditure
Transfers
Childcare Partnership
Department of Education
HSCB 8righl Start Grant
Peace IV- Our Generats"on
60,000
131.000
120.000
135,874
160.9021
1141,0941
{133,6291
1139.3241
902
10,094
13.629
3,450
Total
446,874
1474.9491
28,075
16 Analysls of net assets betsyeen funds
Tangibl•
Fixad Assets
Not Currant
Asse¢s
2024
2023
Unrestrfded Funds:
General Funds
Designated Funds
Total Unrestricted Funds
1.386
874.522
875,908
345,765
232,861
578.626
347,151
1.107,383
1,454,533
428.566
1131787
1.560.353
Total Re$lricted Funds
Tolal
875,908
578.626
1.454.533
1,560,353
17 R¢¢onclllatlon of net cash movement In funds to net cash flow frorn opgrating actlvltles
2024
2023
Nèt movement in funds
Depreciation charg8
Decrease I lincreasel in dèbtors
ID8creasel I InC￿aSe in cr8diiors
1105,8201
28.484
146,754
6,314
130.1661
34.103
3,095
87,805
Nel Cash g8n8raled froml (used inl operaling actwilie5
63.103
80.773
29