Company Number:N1043097 Charity Number:NIC100406 Creggan Pre-school & Tralnlng Trnst Lld (A compllny limiled by guarantoe) Accounts ror the year ended 31 March 2023
Creggan Pre-school & Trnlnlng Trust Ltd (A company limited by guarantee) Conlcnts Page Infomiation Director5 Report Independ¢ni E,xaminer's Report Stotement of Financial Activities Balance Slieet Notes lo th¢ uccounls 8-13
Creggan Pre-school & Training Trust Ltd (A company limited by guarantee) Informatlon Directors Nuala Crilly Maureen Hassan Patrick Daniel Callaghan Sharon Doherty Shauna Page Linda Wood5 Resigned 14.02.23 Appointed 15.02.23 Sccrelary Margaret McGlinchey Bernudett¢ Smith Resigned 14.02.23 Appointed 15.02.23 Company No: N1043097 Charity No: NIC100406 Rcgislered offi¢¢ Cromore Gardens Creggan Derry BT48 9TF Accountants M¢Groarty M¢CalTerty & Company Ltd Accoun(ants & Consultants 2 Carlisle Terrace Deny BT48 6JX Bankers AIB (NI) Mcadowbank Derry BT48 7TN Page I
Creggan Pre-school & Trnining Trust Ltd (A company limlted by guarnntee) Directors Report Tl)e direclors present their report and dje financial statements for the year ended 31 March 2023. Objectives and activities The principal aclivity of the cotnpany during the year under review was ihal of providing and promotin&) tlie facilities for early care, recreation and education of children. Company IYumb¢r N1043097 Directors and their inlerests The directors of ilie charity for tlie purposes ofcharity law and throughoul this report are colleclively referred lo as the direclors. The direclors serving during the year and since the year end were as follows: Nuala Crilly Maureen Hassan Patrick Collagilian Sharon Dolierty Shauna Page Lindo Woods Resigvned 14.02.23 Appointed 15.0? ?3 Govcrning Document Tlie orbianisation is a company wilh charilable status, The company was established under Memorandum & Articles of Associalion which outlined the area of benefit and the objects of tlie charitable organisalion. Risk Mgnggement The directors huve a risk manag¢menl strategy which consists of establishing a syslem of idenlifyin8 risks and mili&Jaiing such risks. Reserves Policy Cre&&van Pre-school & Training Trust Ltd have o policy that unreslricled reserves to be mainlained at a level to cover six monihs 5ulary, operalional costs and redundancy. Results & Performance The results and perforniance for the year of Creggan Pre-school & Training Trust Ltd are summarised in the enclosed accounls. Flnunclal revlew The financial perfomiance is 5ummarised in the enc105ed accounts. Page 2
Creggan Pre-school & Tralning Trust Ltd (A company limited by guarantee) Direclors Report .conlinued Directors Responsibilities In Relutlon To The Financial Slatements The director5 of Creggan Pre-school & Training Trust Ltd for the purposes of compony law are responsible for preparing the Dircclors, Annual Report and the financiol siatemenls in accordance with applicable law and United Kin&?dom Accounting Standards (Uniled Kinbydom Gencrdlly Accepted Accounling Practice). Company laiv requires the directors to prepare financial statements for each financial year. that give a true and fair view of tlie stale of the arrairs of the charitable company and of the incoming resources and application of resources, including ihe incom¢ and expendituK, of the charilable company for ihat period. In preparing these financial statements, Ihe dir¢clor5 are required lo: selecl suitable accounting policies and apply ih¢m consistently; observe the meihods and principles in the Charilies SORP 2019 (FRS102)' moke judgements and estimales tliat are reasonable and prudent. state wliether applicable UK Accounting Standards have been followed, subject to any malerial departures disclosed and explained in the financiol statements; prepore the financial stalements on the going concern basis unless it is inappropriate to presume that the liority will continue in business. The direclors are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time tlie financial position of the charity and enables them to ensure that the financial stalements comply with the Companies ACÉ 2006. Tlie direclors are also responsible for safeguarding the asse15 of the cliorily and hence for taking reasonable sleps for ihe prevention and detection of fraud and otlier irregularities. In so far as the direclors are aware: -there is no relevant inforniation of which the charilable company's indepcndent exaaminer is unaware, and -th¢ director5 liave taken oll the steps that they ought to have taken to make themselves aware of any relevant inforn)ation and io esloblish thot the independent examiner is aware of that infomiation. This report is prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relatingy lo small coinpanies. Tl)is report ivas approved and autliorised for issue by the Bourd on 4 Oclober 2023 and signed on its behalf by Irector Page 3
Creggan Pre-school & Training Trust Ltd (A company limited by guarantee) Statement of Flnanclal Activitie5 ror the year ended 31 March 2023 Unrestricted Funds Restricted Funds 2023 2022 Income rand Expendlture Incoming Resources Granls & Sundry Income 12,163 186,790 198,953 183.679 TolAI Incomlng Resources 12,163 186,790 198,953 183,679 Resources Expended Managiemeni & Administrntion 11.379 185,112 196,491 167,695 Tolal Resources Expended 11,379 185,112 196,491 167,695 Ncl Incomlng l (Outgolng) Resources 784 1,678 2,462 15,984 Trnnsfer behyeen funds Balances brought forward l April 2022 102,369 27,095 129,464 113,480 Balances carried forward 31 March 2023 103,153 28,773 131,926 129,464 Tlie above ainounts relale lo continuinbi operntions of tlie company. Thc company has no recoLinised gains and losses other than those included in the results above and therefore no 5epurdte 5talcmcnl of iolal recogTnised gains and losses has been presenled. There is no difference between tlie net incoming rcsources for the yerfir sluled above and tlieir historical cost equivalents. Page 5
Creggan Pre-school & Trnining Trust Lld (A compgny limited by guarantee) Balance sheet as at 31 March 2023 2023 2022 Noles Flxed assets Tangjible 97,623 100,352 Current llssets Debtors Casli at bank and in liand ,389 147,833 14.134 149,537 149,222 163,671 Currcnt liabilities Bank loans ond overdrafts Other creditors Accruals 17.667 6,384 7,652 9.382 23,096 16,182 10 31,703 48,660 Nct current usscts 17,519 Total thssets less current 215.142 215,363 Capilal Grant 11 {83.216) (85,899) Net 115setS 131,926 129.464 Rc5erve5 Unreslricled Reslricted 103.153 28,773 102,369 27,095 131,926 129,464 Page 6
CreggAn Pre-school & Training Trust Ltd (A company limited by guarantee) {contlnued) In approvingi these financial slatements as directors of the company we hereby confirni: For the year ended 31 Marcli 2023. the company was entitled to exemption under section 477 of the Companies Act 2006 relating lo small companies. The director5 have nol required the company to obiain an audit in accordance with section 476 of the Companies Acl 2006. The dir¢clors acknowledge tlieir responsibilities for complying wilh ihe requirements ofthe Companies Act ?006 witl) respect lo accounting records and the preparation ofaccounts. Tllese accounts Iiave been prepared in accordance with the provisions applicable to companies subject to the small companies re&¥ime in accordance with FRS102 SORP. Tlie financial statemenls were approved and authorised for issue by tlie Board on 4 Oclober 2023 and signed on ils behllifby: Direclor Company Number: N1043097 Page 7
Creggan Pre-school & Training Trnst Ltd (A company limited by guarantee) Notcs lo the Accounts for the year ended 31 March 2023 Accounting polltlts Tlie principal accounlin8 policies adopted in the preporalion of the financial statements are set out below and liave remained unclianbTed from the previous year, and also have been consislently applied within the same accounts. Accounting convention The financial 51alements have been pr¢pared in accordance wilh Accounting and Reporting by Cliarities: Statemeni of Recommended Pra¢ti¢e applicable to charities preparing their accounts in accordance with lh¢ Financial lieporting siandard applicable in the UK and Republic of Ireland Charities SOKP 2019 (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Companies Act 2006 and Charities A¢t (Northem Ireland) 2008. 1,2, TAngible fixed Asscls And deprceiation Tongiblc fixed 1cts are staled at cost less depreciation. Deprecialion is provided at rates calculated to write off the c05t or valuation les5 residual value of each sset over its expected useful life, as follows: Land and buildings Office Equipmenl Equipment 20/0 Straight Line 150/• Straiglit Line 250/0 Struight Line Ineome (i) Grants Gran15 reprents all umounts received and receivable during ihe year. Capilal granls are released 10 the profit and loss ac¢ount in ihe year in which ihey are received in line witli the SORP 2019 (FRSI 02). Revenue uTrnnls are crediled to ihe Stalement of Finoncial Aclivilies in the year they are received. (li) Donations & administration income. Tl)is comprises amounts re¢¢ived during the year, Page 8
Creggan Pre-school & Training Trnst Ltd (A Company limited by guarnntee) Notes to Ihe accounls ror the year ended 31 March 2023 Expcnditure (i) Direct Charitable Expendiiure This represents all expenditure directly attribuiable to ¢haritable causes. {ii} Management & Administration Tliis includes all oll)er expendilure not direcily &llocaled above and a portion of ihe overhead costs altribulable lo manaL7cm¢nt and adtninistration. Page 9
Creggan Pre-school & Trninlng Trust Lld (A company Ilmited by guaranlee) Noles to the accoun15 for the year cnded 31 March 2023 Income 2023 2022 Restricted Income Dcpurtmeni For Communities Derry City & Strabane District Council Hal ifax Foundation CLEAR Cash for Kids The Patliway Fund - Early Years Early Years -Covid Community Foundation Nl Derry Credit Union Aivards for All Capiial Grant Release Co Operalion Ireland Otlier Income WH+SSB 136,667 250 124,593 12,056 1.280 4.088 1,645 16.362 13,021 1,378 500 7,696 2.683 500 19.929 530 2,304 2,683 5,480 872 2,000 186,790 169,727 Unrestricted Income Play&irouplCreclie fees 12,163 13.952 12,163 13,952 Total Income 198,953 183,679 Reslricled Funds Fund5 received wliicli are earniarked by the funder for specific purposes. Such purposes are within the overall aims ofilie organisalion. (11) Unrestricted Funds Funds wliicli are expendable at the discrelion of the company in furtherance of the aims of the charity. In addition funds may be held in order to finance capital investment and working* capilal. Unrestricled reserves are at a level to cover six montlis salary, operationul costs and redundancy. Page 10
Creggan Pre-school & TraSnlng Trust Ltd (A company limited by guarnntee) Noles lo the accounls for the ycAr ended 31 March 2023 Resources Expcndcd Unrestr5cted Funds Restricted Funds Total 2023 Total 2022 Mvdnagemcnt & Administration Wab•es & sulllries Slaff pension costs Events expenses Cleaning Travellingi e.xpenses Programme expen5¢S Insurance Li&ihl & lieal Printing & slolionery Repairs & maintenance Telephone Sundry expenses Milk Accountancy Bank charges Depreciation on property Deprecialion on plant & macliinery Depreciation of fixtures & rittinbs 10,314 134,285 4,873 546 597 144,599 4,873 546 597 120 20,502 3.448 8.529 16 4,093 1,880 431 229 1,864 945 3,408 138 273 127,222 3,920 4,663 802 120 20,502 3,448 8,529 16 4,093 1,880 431 229 1,864 10,349 3,357 3.995 1,030 3.594 1,856 1,319 145 1,093 712 3,408 230 945 3,408 138 273 11.379 185,112 196,491 167,695 Nel Incoming Resources 2023 2022 Net incomingF resources Ilas been arrived at after charging. Depreciotion 3,819 3,638 Page 11
Creggan Pre-school & Tralning Trust Lld (A company limited by guarnntee) Note5 to the accounts for the year ended 31 March 2023 Slafr nolc The averagie number of persons ¢mployed by the company during the year amounted to 9 (2022 - 11). Tlie ag&iregiale payroll costs incurred during ihe year were: 2023 2022 Wa&?es and salaries Pension conlributions 144,599 127,222 4,873 3,920 149,472 131,142 Taxation Tliere is no chllrge lo tsLxaiion as the company has charitable stalus. Tanglble assets Land and buildings Offlce freehold Equipmenl Equlpment Tot91 Cost At l April 2022 Addilions 170,421 11.123 35,175 1,090 216,719 1,090 Al 31 March 2023 170,421 11,123 36.265 217,809 Depreciation Al l April 20?2 Charge for ihe year 70,759 3,408 10,433 138 35,175 273 116,367 3,819 Al 31 March 2023 74,167 10,571 35,448 120,186 Net book v#lues Al 31 Marcli 2023 96,254 552 817 97,623 Al 31 March ?0?2 99,662 690 100,352 Debtors 2023 2022 Other debtors 1.389 14.134 Page 12
Creggan PrChoOl & Tralnlng Trust Lld (A company limlled by guarnntee) Notes lo the accounts for the year cnded 31 March 2023 l O. Current liabililies 2023 2022 Bank loans and overdrafts T&Kes and social security costs Derced income Accruols 17,667 9,382 1,880 21,216 16,182 6,384 7,652 31,703 48,660 11. Capilol Grant 2023 2022 Capital Grani 83,216 85,899 Tlie Copiial Grani is written down onnually by 21/10 on a straight line basis. 12. Movements in Funds At At l Aprll Incoming Outgoing 31 MArch 2022 resources resources 2023 Restricled funds: 27,095 186,790 (185,112) 28,773 Tolal reslrictcd lunds 27,095 186,790 {185,112) 28.773 Unrestricted funds: General funds 102,369 12,163 (11,379) 103,153 Totol unrestricted funds 102,369 12.163 (11,379) 103,153 129,464 198,953 {196.491) 131.926 Purposes of Restriclcd Funds Reslricled &iranls awarded to ihe charity is provided to cover ihe core objecis as explained in director5 report. 13. Reluted Party Transllclions There were no reluted party trnnsaclions in tlie year under review. J4. Limited by Guarantec The company is limited by guarantee and does not have a share capital. Page 13