Comwany Number.'N1043097 Charfty NumberNIC100406 Creggan Pre-school & Trnlnlng Trust Ltd (A L'omp*ny Ilmlted by guarnntee) Accounts for the year endcd 31 Moreh 2024
Creggan Pre-school & Training Trust Lld (A company limited by guarantee) Infornigtion Direclor5 Nuala Crilly Maureen Hassan Sharon Doherty Shauna Page Linda Woods Secrelary Bernadette Smith Comp9ny No: N1043097 Charlty No: NIC100406 Regis1cr office Cromore Gardens CreB8an Deny BT48 9TF Accountants McGroarty Mccafferty & Company Ltd Accountants & Consultants 2 Carlisle Terrace De BT48 6JX Bankers AIB (NI) Meadowbank Derry BT48 7TN Page I
Creggan Pre-school & Training Tntst Ltd (A compAny Ilmlt¢d by guarantee) Statement of Finanelal Activltles Tor the yeAr ended 31 March 2024 Unrcstricted Funds Restricted Funds 2024 2023 Income Kxpendlture Inconilng Resourees Grants & Suiidry Incom¢ 17,207 183,167 200,374 198,953 TolAI Incoming Resources 17,207 183,167 200,374 198,953 R¢sourees Expended Management & Administration 10,060 176.975 187,035 196.491 TotRI Resources Expcndcd 10,060 176,975 187,035 196,491 Net Incomlng l (Oulgoing) Rcsourc¢y 7.147 6,192 13,339 2,462 Transfer between funds Bulunc¥s brouglit forwdrd l April 2023 103,153 28.773 131,926 129,464 Balances cllrrled forward 31 March 2024 12 110,300 34.965 145,265 131.926 'rhe al)ove tunounts relate lo coiitinuiiJb• operations of the company, Tlie comptffly h&s no recognised gaiiis and losses other than tliose included in the results above and therefore no separnte sLqtemeiil of tolal recoLpnised Lvains and losses lias been presenled. Tliere is no difference between thc net incoming resources for tlie year sialed above and ihcir hi51orical cosl equivalents. Page 5
Creggun Pre-school & Trninlng Trnst Ltd (A eompuny Ilmfiled by guarantee) Bydlance sheet as at 31 MArch 2024 2024 2023 Notes Flxed assets Tangible assets 102,093 97,623 Current 115sets Deblors Cash at bank and in hand 2.072 154,535 1,389 147,833 156,607 149,222 Currcnt liubililies Bank lollns and overdrafts Other creditor5 Accruals 21.107 8,096 3,699 17.667 6,384 7,652 10 32,902 31,703 Nel current assets 123,705 117,519 Tothl asscts less current 225,798 215,142 Capilul Grant Nct assots Ai (80,533) (83.216) 131.926 145.265 Rc8erves Unrcsti'icled IIcstriLled 110,300 34,965 103,153 28.773 12 145,265 131,926 Page 6
Creggan Pre-school & TraiDing Trust Ltd (A company Ilmiled by guaranlee) {conlinued) In approving these financial statemcnts as directors of the company we hereby confirm: For the year ended 31 March 2024, the company was entitled to exemption under section 477 of ihe Companies Act 2006 relating Small Companies. The directors have not required tlie company lo obtain wi audit in accordance with section 476 of tlie Componie5 Act 2006. The dircctors ocknowledgc their rcsponsibilitics for complying with ihe requirements of the Companies Act 2006 with respect to accountinuy records and tJ)e preparation of accounts. These accounts have been prepared in ac¢ordance with the provisions applicable to companies subject lo Ihe small companie5 r¢giin¢ in accordance wilh FRS102 SORP. Tlie fii)aiicial slateineijts were approved and autliorised for issue by the Board on l October 2024 and si8ned oil its b¢l)olf by: Dlr¢¢(or 54AUNJq PAQE CompAny Number: N1043097 Pagc 7
Creggan Pre-school & Training Trust Ltd (A ¢ompany Ilmlted by guarAntee) Noles to Ihe Jecounts for the year ended 31 Marcb 2024 Accountlng polEcles The principal accounting policies adopled in the preparation of the financial sthlements are sel out below ond have remained unchanged from the previous year, and &lso have been consistently applied within ilie same accounts. 1.1. Accounting ¢onvention Tlie fiIiaiicial statements l)ave been prepared in accordance with Accounting and Reporting by Cl)orities: Stutement of R¢cofflmended Practice applicable to charilies preparing their accounts in accordance with the Financial Rcporting Standard applicable in the UK and Republic of Ireland Cliariti¢s SORP 2019 (fRS 102), Ilie Financial Reporting Standard applicable in the UK and Republi of Iland (FRS 102), Companies Act 2006 and Charities Act (Northern Iland) 2008. 1.2, Tangible fixed assets rdnd depreciation Tllngiblc fixed Ds5cts are staled at cost less depreciation, Depreciation is provided ot rales calculated to wrile off the cost or valuation less residual value of each asset over its expecled useful life. follows: Land and buildings Office Equipment Fixtures & Fittings 20/0 Straight Line 15% Straight Line 250h Straiglit Line Income (i) Grants Grants represents all illnouiits received and receivable during the year. Capitdl L¥ruiits ar¥ releas¢d to the profit and loss account in the year in whicli they are received in line wilh the SORP 2019 (FRS102). Revenue grants ar¢ credited to tlie Stalement of financial Activilies in the year tliey are received. {ii) Donation5 & odminislration income. This comprises umounts. receiv¢d (Jurin&J the year. PagL' 8
Creggan Pr&&hool & Trnining Trnst Ltd (A company lftmited by guarantee) Notes to the llccounts for the year ended 31 March 2024 Expenditure (i) Direct Cliarituble Expenditure This rcprc5cnts all expcndilurc directly attributable to charitable causes. (li) Mw]agement & Administration Tliis includes all olher expenditure not directly allocated above and a portion of the overheod costs attributable lo management and adminislration. Pag¢ 9
CreggRn Pre-school & Training Trnst Ltd (A company Ilmlted by guarantee) Notes to Ihe fjtcounts for the year ended 31 March 2024 Income 2024 2023 Restrleted Income Department ofcommunilies National Lottery- Community Fund Derry City & Sirabane District Council CLEAR Casli for Kids Tlie Padiway Fuiid - Eurly Years Early Years lovid Communily Foundation Nl Derry Credit Union Awards for All Copital Gront ReleLqe Radius Co Operation Ireland WH+SSB Triax Hub 130,109 5,685 2,653 4,912 J36,667 250 4,088 1,645 16.362 13,021 1,378 500 7,696 2.683 20,523 14,177 500 2.683 925 500 2,000 1,000 183,167 186.790 Unrestricled Income Educalion & course fees Playgrouplcreche Fees 1,574 15.633 12,163 17,207 12,163 TolAI Income 200.374 198.953 (i) Reslrlcted Funds Funds received whicli ure eannarked by the funder for specific purposes. Such purposes are within the overall aims of ilie organisation. (li) Unrestriclcd fi unds runds wljicli are expendablc at the discretion of the company in furtlierance of the kims of ihe charity. In addition funds tnay be held in order to finance capital investment and working capital. Unreslricted reserves ure at a level io cover six months Salary. operational c05ts' and redundancy. l'ag¢ lu
CreggAn Pre-school & Tralnlng Trnst Ltd (A company Ilmited by guarantee) Notes to the Accounts ror Qhc year ended 31 March 2024 Resources Expended Unreslrlcled Funds Restrictod Funds Total 2024 Tolal 2023 ManJgemenl & Admintstr¥llon Wages & salaries Staff pension costs EvcnL8 expenses Cleaniiig Travelling expenses Prograinme ¢xpen5e5 Insurance Light & he&t Legal & professional costs Staff training Priiiliiig & stationery Repairs & maiiitei)ance Teleplloiie Sui)dry expenses Milk Accounlancy Bank cliarues Depreciation on property Deprecilltion on otTice equipment Depreciation of fixtures & fittings 9,275 120,068 4,776 2,840 1,261 129,343 4,776 2,840 1,261 100 20,696 3,646 8,021 1,050 275 780 3,416 2,064 2,864 22 1,068 685 3,568 138 422 144,599 4,873 546 597 120 20,502 3,448 8,529 20,696 3,646 8,021 1,050 275 780 3.416 2,064 2,864 22 1,068 16 4,093 1,880 431 229 1,864 945 3,408 138 273 685 3,568 138 422 10,060 176,975 187,035 196,491 Net Incoming Resource5 2024 2023 Net in¢oiniiig r¢source5 Iius been arrived at aft¢r ¢liargii)g. Depreciotion 4.128 3,819 Page 11
Cregggn Pre-school & Training Trnst Ltd (A company limlted by guarantee) Nole5 lo the accounts ror the year ended 31 Mydrch 2024 Slaff nole The average number of persons employed by the company during the year amounled to 9 (2023- 11). The agkFrcgate payroll costs incurred during the year were: 2024 2023 Wages and salaries )ension contributions 129,343 4,776 144,599 4,873 134,119 149,472 Taxollon Tliere is no cliarge lo IallOn as tlie company charitable slalus. TnngiblLb assels Land 8nd bulldlngs Office Flxtures & freehold Equlpment Fltllngs Total Cost At l April 2023 Additions 170.421 8,000 11,123 36,265 598 217,809 8,598 At 31 Murcli 2024 178,421 11,123 36,863 226,407 Deprecialion At l April 2023 Charge for the year Al 31 March 2024 74,167 3,568 10,571 138 35,448 422 120,186 4,128 77,735 10,709 35,870 124,314 Net book values At 31 Marcli 2024 100,686 414 993 102.093 At 31 Marcli 2023 96,254 552 817 97,623 Debtors 2024 2023 Ollier debtors 2,072 1,389 Page 12
Creggan Pre-school & Training Trust Ltd (A eompiny IlmSted by guarantee) Notes to the aecounts for the year ended 31 March 2024 10. Current liabililles 2024 2023 Bank loans and overdrafts Taxes and social security costs Deferred incoine Accruals 21,107 3,118 4,978 3,699 17,667 6,384 7,652 32,902 31,703 11. Capilal Grant 2024 2023 Capilul Gront 80,533 83,216 Tlie Capital Grant 15 writteii down lnuallY by 21AI on a strni8ht Ilne basis. 12. MovcmeDI8 in Funds At At l Aprll lDeomlng Outgolng 31 Mar¢b 2023 resourw re¥ollrces 2024 Reslricted funds: 28,773 183,167 (176,975) 28,773 183,167 (176,975) 34,965 Total restricted fund5 34,965 Unrestricled funds: Genernl funds 103,153 17207 (10,060) (10,060) 131.926 200.374 (187,035) 110,300 Totul unrestricted fund5 103.153 17,207 110,300 145,265 Purposes of Restrleled Funds RestriGt¢d awarded lo tJ)e charity is provided to cover the Core objects as explained in directors r¢port. 13. Relllled Pqrty Transactions Tliere were no related paTty traiisactions in the year undLr review. 14. Llmlled by Guarantee The cojnpany is limited by guarantce aiid does not liave a share capital. Page 13