ISLINGTON PLAY ASSOCIATION
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £77,400 for the year ended 31 March 2025, resulting in a reduction of total funds to £62,370. The trustees acknowledge that the charity has not met its reserve policy requirement and is materially dependent on continued financial support from Islington Council to meet its operational obligations. Despite these challenges, the trustees have adopted the going concern basis, citing adequate resources to continue in operation for the foreseeable future.
What the accounts disclose
“The charity is materiality dependent on continued financial support from Islington Council to meet its operational and financial obligations.” — page 9
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Azizat Ayoade
- Dean Michael Langsdon
- Petronilla Nicoletti
- Sophie Bruschan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.4m | £1.4m |
| 31/03/2024 | £1.5m | £1.7m |
| 31/03/2023 | £1.4m | £1.4m |
| 31/03/2022 | £1.4m | £1.3m |
| 31/03/2021 | £1.3m | £1.3m |
Common questions
Is ISLINGTON PLAY ASSOCIATION financially healthy?
The accounts state that the charity reported a net deficit of £77,400 for the year ended 31 March 2025, resulting in a reduction of total funds to £62,370. The trustees acknowledge that the charity has not met its reserve policy requirement and is materially dependent on continued financial support from Islington Council to meet its operational obligations. Despite these challenges, the trustees have adopted the going concern basis, citing adequate resources to continue in operation for the foreseeable future. Its FY2025 accounts were audited by SCB (Accountants) Ltd.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 06/11/2013 | £39k | "play, past, present and in perpetuity" |