K MAGILL & COMPANY Chari Number: 100191 Da sPla rou Annual Re ort and Unaudited Financial Statements for the financial ear ended 31 Au ust 2024 'Accountingfor yourfvture" BALLYGAWLEY I DUNGANNON | BELFAST I www.magillaccountants.co.uk CHARTERED ACCOVNIANIS
Happy Days Playgroup Contents Page Trustees, and Other Infomation Trustees, Annual Report Statement of Trustees, Rèsponsibilrties Indendent Examine$ Report Statement of Financial Activrties Balance Sheet Notes to the Financial Statements 10 Supplementary Infonnation relating to the Finanaal Statements 12
Happy Days Playgroup Trustees. and Other Infomiation Tru8tee8 Bertilla McAliskey Brian Duffin Micheal Carolan Charity Number In Northèrn Irèland 100191 Principal Addres8 School Lane Brackaville Coalisland Co Tyrone BT71 4NW Independ8nt Examlner Kleran Maglll K Magill and Company Chartered Accountants 2 Church Street Ballygawley Co Tyrone BT70 2HB Bank•rn AIB INI) PLC 18-20 Scotch Street Dungannon Co Tyrone BT70 1AZ
Happy Days Playgroup ststement of Trustees, Responsiblllties The trustees present their Trustees, Report and the unaudited finanaal ststements for the finanaal year ended 31 August 2024. The financial statements are prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing Iheif financial slalements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the infomalion required to be provided in the Tnjstees, Annual Report under the Statement of Recommended Practice (SORP} guidelines. The trustees of the charity are also charity trustees fof the purpose of charity law and under the charity's constitution are known as members of the l)oard of trustees. MIs8ion Statement Happy Days Playgroup provides pre-school education for children each year. 11 serves the town of Coalisland and surrounding areas. Children are provided with high quality, slimulaling pre-school education. The Play9roup employs 4 staff members who are fully qualified in childcare and education. The Playgroup is run by a committee of parents. The Playgroup receives money from the Education Authority for each pre-school child. This money is used to pay staff wages. Additional funds are achieved by fundraising events organised by the committee and staff. Additional grants are also applied for lo enhance the learning environment. Fundraising and parental fees are used lo pay ulility expenses, cleaning, food and additional resources such as art supplies. The beneficiaries are Ihe pupils. staff and families of Happy Days Playgroup. There is no private benefit from our purposes. Flnanclal Rovlèw During the year ended 31 August 2024, Happy Days Playgroup produced a deficit of £6,727 {2023.' £3,717). At the end of ihe financial year the tharity had assets of £67,47412023.' £74,201) and liabilrties of £012023.. £0). It is the policy of Happy Days Playgroup to retain a level to cover any unforeseen expenditure and allow th8 charity to continue in operation. The trustees do not foresee any financial issues in the foreseeable fure. Compllance wlth Sector-wlde Leg181ation and Stsndard• The Charity engages pro-actively with legislation, standards and codes which are developed for the sector. Happy Day8 Playgroup subscribes to and is compliant with the following.. The Charilies SORP IFRS 102) Approv•d by th• Board of Tru•tee• on 10 Dec•mber 2024 and •lgnod on Its b•half lry: 8ertllla M¢All•key Trustee
Happy Days Playgroup Statement of Trustèes, Responsibilitles The trustees are responsible for prepanng the finanaal statements in accordance with applicable law and regulations. The law applicable lo charities in Northem Ireland requires the trustees to prepare financial statements for each finanaal year which give a true and fair view of the assets, liabilities and finanaal position of the charity as at the financial year end date and of the surplus or deficrt of the charity and otherwise comply with the Charities Act {Northern Ireland) 2C(18. In preparing these financial statements, the trustees are required to.. select suitable accounting pdicies and apply them consistently., observe the methods and principles in the Charities SORP make judgements and estimates thal are reasonable and prudent, slate whether the financial statements have been prepared in accordance with the relevant financial r8POrting framework, identify those standards, and note the effect and the rèasons for any material departure from those Standards., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charty will continue in operation. The trustees confirm that thèy have complied with the above requirements in preparing the financial ststemenl$. The trustees are responsible for keeping adequate aGcounting records that are sufficient to show and explain the ¢harity's transactions and disclose with reasonable accuracy al any time the financial position of the charity an¢J enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitses. Approv•d by tho Board of Tru8tee8 on 10 Decomber 2024 and •lgnod on Its bohalf ty: Bortilla McAli8key Tru8ts0
Happy Days Playgroup Independent Examinerf8 Report INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF HAPPY DAYS PLAYGROUP We have examined the financial statements of the charty for the financial year endad 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. This report is made solely to the charity's members, as a body, in accordance with the Charities Act (Northem Ireland) 21J)8. Our work has been undertaken so that we might compile the financial statements that we have been engaged to cornpile. report to the Board of Trustees Ihal we have done so, and state those matters that we have agreed to state lo them in this report and for no other Pufpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other that the Gharily and the charity's members. as a body, for our work, or for this report. Respectivo responsibilities of charity tru8toos and examinér The charity's trustees are responsible for the preparation of the financial slatemenls in accordanc8 with the requirements of the Charities Act (Northern Ireland) 28. The charity's Iruslees considèr that an audtl is not required for this financial year under the Charities Act (Northern Ireland) 2008 and that an independent examination is required. It is our responsibility lo.. examine the financial statements under section 65 of the Charitiés Acl.. follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65{91{bl of the Charities Acl, and statè whether particular matters have come to our attention. Ba818 of Ind•pendent examlnorf8 report We have examined your charity financial statements as required under section 65 of the Charities Act and our examinalion W8s carried out in accordano with the general Directions given by the Charity Comfflission for Northern Ireland under section 65{91{bl of the Charities Act. An examination includes a review of the accountin9 records kept by the charity and a comparison of the financial slatements presented with those records. 11 also includés consideration of any unusual ilems or disclosure$ in the financial statements and seeking explanations from the trustees concerning any such matters. The pr¢)cedures undertaken do not provide all the eviden that would be required in an audit and consequenlly no opinion is given as to whether the accounts present a 'true and fair. view and the report is limited to those mattèrs set out in the statement below. In connection with our examination, no matter has come to our attention which gives us cause lo believe that in, any material resped.. accounting records were not kept in accAirdance with section 63 of the Charities Ad the financial stalemenls do not accord with those ac¢ounling records the financial slalemenls have not been prepared in accordan wilh Ihe Statement of Recommended Pradlce applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in th8 UK and Republic of Ireland IFRS102) there is further infomation needed for a proper und8rslanding of the accounts to be reathed. Independent examlnerf• •tatoment We have no concerns and have come across no other matters in connection with thé examination lo which attention should be drawn in this report in order to enable a proper underslanding of the financial statements to be reached. Kieran agill Bsc (Econl FCA FCPA AFTA K MAGILL AND COMPANY Chartered Accountants 2 Church Street Ballygawley Co Tyrone BT70 2HB Date: 10 D•combor 2024
Happy Days Playgroup Statementof Financial A¢tlvltle8 for the financial year ended 31 August 2024 Unre8trlcted Fund$ 2024 Total Unrestrided Funds 2023 Total 2024 2023 Note8 Income Activities for generating fvnds Totsl incoming resources 61.209 61.209 61,209 61.209 63,418 63,418 63,418 63,418 R•8ource8 Exponded Other expenditure 67,936 67,936 59,701 59,701 Net In¢omingloutgolng rosources before transfern Gross transfers between fvnds {6.727) 16,7271 3,717 3,717 Net movement In fund• for tho financial yr 16,7271 (6,727) 3.717 3,717 Recon¢lll*tlon of lund8 Balances broughi forward at 01 September 2023 74,201 74.201 70,484 70,484 Balan¢e8 Carrled forward at 31 Augu•t 2024 67.474 67.474 74,201 74,201 The Statement of Financial Activrties includes 811 gains and losses recognised in the financial year. All income and expenditure relale to continuing activities.
Happy Days Playgroup Balance Sheet for the financial year ended 31 August 2024 2024 2023 Notès Current As80ts Cash at bank and in hand 67,474 74.201 Net Current Assets 67,474 74,201 Total A880ts1038 Current Llabllities 67,474 74.201 Funds Reslrided funds General fund lunreslricted) 67,474 74,201 Total fund• 67,474 74,201 Approved by th• Board of Tru•teo8 and authorS8ed for18•u• on 10 Decemb•r 2024 and slgned on Its behalf by: B•rtilla McAll•key Tru•tee
Happy Day8 Playgroup Notes to the Financial Statements for thefinancial year ended 31 August 2024 GENERAL INFORMATION Happy Days Playgroup is a charity registered in Northern Ireland. The registered office of the charity is School Lane, Brackaville, Dungannon, Co. Tyrone, BT714NW, Northern Ireland which is also the principal place of business of the charily. The financial statements have been presented in Pound Sterling (£) which is also the functional Currency of the charity. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial $tat8ments. Ba818 of preparatlon The financial statements have been prepared on the going concern basis under the historical cost convention, modified to Include certain items at fair value. The financial slalements have been prepared in accordance with the Statement of Recommended Practice {SORPI"Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Réporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Sedion 1A of that Standard. As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for th8 Statement of Financial Activities and the Balance Sheet. Departures from the standard formals are lo comply with the requirements of the Charities SORP and are in compliance wilh section 4.7. 10.6 and 15.2 of that SORP. Statomont of ¢omplianc• The financial stalements of the charity for the financial year ended 31 August 2024 have been preparèd on the going concern basis and in accordance with the Statement of Recommended Practice {SORPI Accounting and Reporting by Charities preparing Iheir aGGounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir8land FRS 102, applying Section 1A of that Standard. Incom• Voluntary income or capital is included in the Statement of Financial Activities when the charity is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate reipl. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Expendlturn All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support cosls and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Governance costs are those asso¢iat8d with constitutional and statutory requirements. Cash at bank and In hand Cash at bank and in hand Gomprises cash on deposit at banks requiring16ss than three months notice of withdrawal. 3. INCOME 3.1 ACTIVITIES FOR GENERATING FUNDS Unre8trictod Funds 2024 Total Total 2024 2023 Fundraising Grants 1,374 59,635 61,209 1.574 59,635 61,209 2,723 60,695 63,418
4 EXPENDITURE 4.1 OTHER EXPENDITURE D5r•ct Costs 2024 Total Total 2024 2023 Administrative exp8nses 5 RESERVES 1024 2023 Al 1 Septembor 2023 (Deficilllsurplus for the financial year At 31 August 2024 74.201 16.727) 67,474 70,484 3,717 74.201 6 POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial yeaf-end. 10
HAPPY DAYS PLAYGROUP UPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 AU UST 2024
Happy Days Playgroup Supplementary Informatlon relating to the Financial Statements Operating Statement for the financial year ended 31 August 2024 2024 2023 Income E.A. Region - PEG Early Years Halifax Foundalion SHSCT HSCNI Parental fees and fundraising 54,560 56,520 3,675 500 3,5T5 74 Expendlturo Wages and pension Speèch and language services Resources Milk Early Years membership Extended servi¢x8 Staff training Electrirjty 59,740 50,717 1,276 1,447 1,569 95 519 1,530 1,109 Insurance Water rates General maintenance Fire maintenance Telephone and intemel Printing and stationery Subscnplions Acwunlancy Bank fees and interest 395 296 721 231 855 167 143 372 191 197 Net {dellcltll8urplu8 717 12