Company Number:NI043097 Charity Number:NIC100406
Creggan Pre-School & Training Trust Ltd (A company limited by guarantee)
Accounts
for the year ended 31 March 2025
Creggan Pre-School & Training Trust Ltd (A company limited by guarantee)
Contents
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Page
Information 1
Directors Report 2-3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6-7
Notes to the accounts 8-13
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Creggan Pre-School & Training Trust Ltd (A company limited by guarantee)
Information
Directors
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|---|---|---|---|
|Directors|Nuala|Crilly|
|Maureen|Hassan|
|Sharon|Doherty|(Resigned|11/12/24)|
|Shauna Page|
|Linda Woods|(Resigned|29/05/25)|
|Secretary|Bemadette|Smith|
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Company No: NI043097
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|---|---|---|---|
|Charity|No:|NIC100406|
|Registered|office|Cromore|Gardens|
|Creggan|
|Derry|
|BT48|STF|
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|---|---|---|
|Accountants|McGroarty|McCafferty & Company Ltd|
|Accountants &|Tax|Consultants|
|2|Carlisle|Terrace|
|Derry|
|BT48|6JX|
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|---|---|---|
|Bankers|AIB|(ND|
|Meadowbank|
|Derry|
|BT48 7IN|
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Page 1
Creggan Pre-School & Training Trust Ltd (A company limited by guarantee)
Directors Report
The directors present their report and the financial statements for the year ended 31 March 2025.
Objectives and activities
The principal activity of the company during the year under review was that of providing and promoting the facilities for early care, recreation and education of children.
Company Number
NI043097
Directors and their interests
The directors of the charity for the purposes of charity law and throughout this report are collectively referred to as the directors.
The directors serving during the year and since the year end were as follows:
Nuala Crilly
Maureen Hassan
Sharon Doherty (Resigned 11/12/24) Shauna Page Linda Woods (Resigned 29/05/25)
Governing Document
The organisation is a company with charitable status. The company was established under Memorandum & Articles of Association which outlined the area of benefit and the objects of the charitable organisation.
Risk Management
The directors have a risk management strategy which consists of establishing a system of identifying risks and mitigating such risks.
Reserves Policy
Creggan Pre-School & Training Trust Ltd have a policy that unrestricted reserves to be maintained at a level to cover six months salary, operational costs and redundancy.
Results & Performance
The results and performance for the year of Creggan Pre-School & Training Trust Ltd are summarised in the enclosed accounts.
Financial review
The financial performance is summarised in the enclosed accounts.
Page 2
Creggan Pre-School & Training Trust Ltd (A company limited by guarantee)
Directors Report
seeeeeeee CONLIN
Directors Responsibilities In Relation To The Financial Statements
The directors of Creggan Pre-School & Training Trust Ltd for the purposes of company law are responsible for preparing the Directors’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the directors to prepare financial statements for each financial year, that give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP 2019 (FRS102);
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make judgements and estimates that are reasonable and prudent,
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The directors are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Companies Act 2006. The directors 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 irregularities.
In so far as the directors are aware:
-there is no relevant information of which the charitable company's independent exaaminer is unaware, and -the directors have taken all the steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
This report is prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.
This report was approved and authorised for issue by the Board on 15 December 2025 and signed on its behalf by Director pe _
Page 3
Creggan Pre-School & Training Trust Ltd
(A company limited by guarantee)
Independent examiner's report on the unaudited financial statements to the directors of Creggan Pre-School & Training Trust Ltd
We report on the accounts of the company for the year ended 31 March 2025, which are set out on pages §-13.
Respective responsibilities of charity directors and examiner;
As the charity directors you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to;
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examine the accounts under section 65 of the Charities Act 2008; - follow the procedures laid down in the general directions given by the Charity Commission for Northern Treland under section 65(9)(b) of the Charities Act 2008.
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state whether particular matters have come to our attention.
Basis of independent examiner's report
We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general directions given by the Charity Commission for Northem Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity directors concerning any such matters.
Our role is to state whether any material matters have come to our attention giving us cause to believe:
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that accounting records were not kept in accordance with section 386 of the Companies Act 2006;
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that the accounts do not accord with those accounting records;
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that the accounts do not comply with the accounting requirements of the Section 396 of the Companies Act 2006 and the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland;
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that there is further information needed for proper understanding.
Independent examiner's statement
We have completed our examination and have no concerns in respect of the matters listed above and, in connection with the following directions of the Charity Commission for Norther Ireland, we have found no matters that require drawing to your attention.
McGroarty, McCafferty & Company L Accountants & Tax Consultants 2 Carlisle Terrace Derry BT48 67X
Date: 15 December 2025
Page 4
Creggan Pre-School & Training Trust Ltd (A company limited by guarantee)
| Statement ofFinancial Activities | Statement ofFinancial Activities | Statement ofFinancial Activities | Statement ofFinancial Activities | ||
|---|---|---|---|---|---|
| for the | for theyearended 31 March 2025 | ||||
| Unrestricted | Restricted | ||||
| Funds | Funds | 2025 | 2024 | ||
| IncomeandExpenditure | £ | £ | £ | £ | |
| Incoming Resources | |||||
| Grants&SundryIncome | 13,456 | 183,590 | 197,046 | 200,374 | |
| TotalIncoming Resources | 4 | 13,456 | 183,590 | 197,046 | 200,374 |
| ResourcesExpended | |||||
| Management&Administration | 16,092 | 176,885 | 192,977 | 187,035 | |
| TotalResourcesExpended | 5 | 16,092 | 176,885 | 192,977 | 187,035 |
| NetIncoming/(Outgoing) Resources | (2,636) | 6,705 | 4,069 | 13,339 | |
| Transferbetween funds | - | - | - | - | |
| Balances brought forward 1 April2024 | 110,300 | 34,965 | 145,265 | 131,926 | |
| Balancescarriedforward31March2025 | 12 | 107,664 | 41,670 | 149,334 | 145,265 |
The above amounts relate to continuing operations of the company.
The company has no recognised gains and losses other than those included in the results above and therefore no separate statement of total recognised gains and losses has been presented. There is no difference between the net incoming resources for the year stated above and their historical cost equivalents.
Page 5
Creggan Pre-School & Training Trust Ltd (A company limited by guarantee)
| Balance sheet | Balance sheet | ||||
|---|---|---|---|---|---|
| as at 31March 2025 | |||||
| 2025 | 2024 | ||||
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangibleassets | 8 | 106,918 | 102,093 | ||
| Current assets | |||||
| Debtors | 9 | 2,250 | 2,072 | ||
| Cash atbankand inhand | 146,113 | 154,535 | |||
| 148,363 | 156,607 | ||||
| Current liabilities | |||||
| Bank loans and overdrafts | 21,618 | 21,107 | |||
| Othercreditors | 3,543 | 8,096 | |||
| Accruals | 2,936 | 3,699 | |||
| 10 | 28,097 | 32,902 | |||
| Net current assets | 120,266 | 123,705 | |||
| Total assets less current | |||||
| liabilities | 227,184 | 225,798 | |||
| CapitalGrant | 11 | (77,850) | (80,533) | ||
| Net assets | 149,334 | 145,265 | |||
| Reserves | |||||
| Unrestricted | 107,664 | 110,300 | |||
| Restricted | 41,670 | 34,965 | |||
| 12 | 149,334 | 145,265 |
Page 6
Creggan Pre-School & Training Trust Ltd (A company limited by guarantee)
(continued)
In approving these financial statements as directors of the company we hereby confirm:
For the year ended 31 March 2025, the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime in accordance with FRS102 SORP.
The financial statements were approved and authorised for issue by the Board on 15 December 2025 and signed on its behalf by:
Director
irector
Company Number: N1043097
Page 7
Creggan Pre-School! & Training Trust Ltd (A company limited by guarantee) Notes to the accounts for the year ended 31 March 2025
- Accounting policies The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
1.1. Accounting convention The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland Charities SORP 2019 (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Companies Act 2006 and Charities Act (Northern Ireland) 2008.
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1.2. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation.
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Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
Land and buildings - 2% Straight Line Office Equipment - 15% Straight Line Fixtures & Fittings - 25% Straight Line
- Income
(i) Grants
Grants represents all amounts received and receivable during the year.
Capital grants are released to the profit and loss account in the year in which they are received in line with the SORP 2019 (FRS102).
Revenue grants are credited to the Statement of Financial Activities in the year they are received.
(ii) Donations & administration income.
This comprises amounts received during the year.
Page 8
Creggan Pre-School & Training Trust Ltd
(A company limited by guarantee)
Notes to the accounts for the year ended 31 March 2025
3. Expenditure
(i) Direct Charitable Expenditure
This represents all expenditure directly attributable to charitable causes.
(ii) Management & Administration
This includes all other expenditure not directly allocated above and a portion of the overhead costs attributable to management and administration.
Page 9
Notes to the accounts
Creggan Pre-School & Training Trust Ltd (A company limited by guarantee)
for the year ended 31 March 2025
4. Income
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|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Restricted|Income|
|Department of Communities|142,539|130,109|
|National Lottery- Community Fund|3,965|5,685|
|Derry City & Strabane District Council|359|2,653|
|CLEAR|944|4,912|
|Department of Health|1,500|-|
|The Pathway Fund|- Early Years|22,523|20,523|
|Community Foundation NI|-|14,177|
|Derry Credit Union|500|500|
|Capital Grant Release|2,683|2,683|
|Radius|4,422|925|
|Triax Hub|4,155|1,000|
|183,590|183,167|
|Unrestricted|Income|
|Education & course|fees|1,983|1,574|
|Playgroup/Creche Fees|11,473|15,633|
|13,456|17,207|
|Total Income|197,046|200,374|
|(i)|Restricted|Funds|
|Funds|received which|are earmarked by|the funder for specific|purposes.|Such|purposes|are within|the|
|overall|aims|of the|organisation.|
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Gi) Unrestricted Funds
Funds which are expendable at the discretion 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 capital.
Unrestricted reserves are at a Jevel to cover six months salary, operational costs and redundancy.
Page 10
Creggan Pre-School & Training Trust Lid (A company limited by guarantee) Notes to the accounts for the year ended 31 March 2025
5. Resources Expended
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |
| Management& Administration | £ | £ | £ | £ |
| Wages& salaries | 14,237 | 126,653 | 140,890 | 129,343 |
| Staffpension costs | - | 5,083 | 5,083 | 4,776 |
| Events expenses | - | 435 | 435 | 2,840 |
| Cleaning | - | 1,299 | 1,299 | 1,261 |
| Travelling expenses | 326 | - | 326 | 100 |
| Programme expenses | - | 15,076 | 15,076 | 20,696 |
| Insurance | - | 3,758 | 3,758 | 3,646 |
| Light&heat | 7 | 7,555 | 7,555 | 8,021 |
| Legal&professional costs | - | - | - | 1,050 |
| Staff training | - | 3,250 | 3,250 | 275 |
| Printing &stationery | - | 1,748 | 1,748 | 780 |
| Water Rates | 534 | - | 534 | - |
| Repairs&maintenance | - | 2,491 | 2,491 | 3,416 |
| Telephone | - | 3,111 | 3,111 | 2,064 |
| Sundryexpenses | - | 73 | 78 | 2,864 |
| Milk | 3 | - | - | 22 |
| Accountancy | - | 1,173 | 1,173 | 1,068 |
| Bank charges | 995 | - | 995 | 685 |
| Depreciationonproperty | - | 3,768 | 3,768 | 3,568 |
| Depreciation on officeequipment | 993 | 993 | 138 | |
| Depreciation offixtures& fittings | - | 414 | 414 | 422. |
| 16,092 | 176,885 | 192,977 | 187,035 | |
| NetIncoming Resources | 2025 | 2024 | ||
| £ | £ | |||
| Netincomingresources hasbeen arrived | at after charging. | |||
| Depreciation | 5,175 | 4,128 |
Page 11
Creggan Pre-School & Training Trust Ltd (A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2025
6. Staff note
The average number of persons employed by the company during the year amounted to 9 (2024 - 11).
The aggregate payroll costs incurred during the year were:
| The aggregate payrollaggregate payrollpayroll costs incurred during the year | were: | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 140,890 | 129,343 |
| Pension contributions | 5,083 | 4,776 |
| 145,973 | =134,119 |
7. Taxation
There is no charge to taxation as the company has charitable status.
| 8. | Tangible assets | Land and | |||
|---|---|---|---|---|---|
| buildings | Office | Fixtures& | |||
| freehold | Equipment | Fittings | Total | ||
| £ | £ | £ | £ | ||
| Cost | |||||
| At 1 April2024 | 178,421 | 11,123 | 36,863 | 226,407 | |
| Additions | 10,000 | - | - | 10,000 | |
| At 31 March2025 | 188,421 | 11,123 | 36,863 | 236,407 | |
| Depreciation | |||||
| At 1 April 2024 | 77,735 | 10,709 | 35,870 | 124,314 | |
| Charge fortheyear | 3,768 | 414 | 993 | 5,175 | |
| At31 March2025 | 81,503 | 11,123 | 36,863 | 129,489 | |
| Net bookvalues | |||||
| At 31 March2025 | 106,918 | - | - | 106,918 | |
| At 31 March2024 | 100,686 | 414 | 993 | 102,093 | |
| 9. | Debtors | 2025 | 2024 | ||
| £ | £ | ||||
| Otherdebtors | 2,250 | 2,072 |
Page 12
Creggan Pre-School & Training Trust Ltd (A company limited by guarantee) Notes to the accounts
for the year ended 31 March 2025
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|---|---|---|---|---|---|---|
|10.|Current|liabilities|2025|2024|
|£|£|
|Bank|loans|and|overdrafts|21,618|21,107|
|Taxes|and|social|security|costs|3,543|3,118|
|Deferred|income|-|4,978|
|Accruals|2,936|3,699|
|28,097|32,902|
|11.|Capital|Grant|2025|2024|
|£|£|
|Capital Grant|77,850|80,533|
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The Capital Grant is written down annually by 2% on a straight line basis.
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|---|---|---|---|---|---|---|
|12.|Movements|in|Funds|At|At|
|1|April|Incoming|Outgoing|31|March|
|2024|resources|resources|2025|
|£|£|£|£|
|Restricted|funds:|34,965|183,590|(176,885)|41,670|
|Total|restricted|funds|34,965|183,590|(176,885)|41,670|
|Unrestricted|funds:|
|General|funds|110,300|13,456|(16,092)|107,664|
|Total|unrestricted|funds|110,300|13,456|(16,092)|107,664|
|145,265|197,046|(192,977)|149,334|
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Purposes of Restricted Funds
Restricted grants awarded to the charity is provided to cover the core objects as explained in directors report.
13. Related Party Transactions
There were no related party transactions in the year under review.
14. ~~‘ Limited by Guarantee
The company is limited by guarantee and does not have a share capital.
Page 13