KILROOT PLAYGROUP Trustees Annual Report and Unaudited Financial Statements for the year ended 31 March 2021 Registered Charity in Northern Ireland INIC100433) Page | I
KILROOT PLAYGROUP Financlal Statements Year ended 31 March 2021 Contents CHARITI REFERENCE AND ADMINISTRATIVE DETAILS................................................................................ TRUSTEES, ANNUAL REPORT........................................................................................................................ TRUSTEES OF THE CHARITY....................................................................................................................... REFERENCE AND ADMINISTRATIVE DAILs........................................................................................... STRUCTURE AND MANAGEMENT............................................................................................................. DESCRIPTION AND PURPOSE.................................................................................................................... AcfiviTIES AND OBJEcfivES.................................................................................................................... ACHIEVEMENTS AND PERFORMANCE...................................................................................................... PUBLIC BENEFITSTATEMENT................................................................................................ ................... FINANCIAL REVIEW................................................................................................................................... GOING CONCERN....................................................................................................................... . ............ RESERVES POLICY...................................................................................................................................... RESPONSIBILITIES IN RESPE OF THE FINANCIAL STATEMENTS........................................................... RISK REVIEW............................. ................................................................................................................ FUTURE PLANS.......................................................................................................................................... INDEPENDEf+lT EXAMINERS REPORT..........................................................................................................10 STATEMENT OF FINANcIALA1VlTy (INCLUDING INCOME AND EXPENDITURE ACCOUNT).................12 8ALANCE SHEET...........................................................................................................................................13 NOTESTO THE ACCOUNTS..........................................................................................................................14 2 | Page
KILROOT PLAYGROUP Year ended 31 March 2021 CHARITY REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name Kilroot Playgroup Charity registration number NIC100433 Principal office Eden Community Centre 42 Beltoy Road Carrickfergus Co Antrim BT38 9BH The trustees Mlss Lauren Keep Mrs Evelyn Mahood Bankers Danske Bank Donegal Sq West Belfast Co Antrim BTI 6JS Independent examiner Simon Hopper F.C.A. Hopper & Co 6 Doagh Road Ballyclare BT39 9BG
KILROOT PLAYGROUP TRUSTEES REPORT Year ended 31 March 2021 TRUSTEES, ANNUAL REPORT The Trustees present their report and the unaudited financial statements of the charity for the year ended 31* March 2021. The trustees have adopted the provisions ofthe Statement of Recommended Practice ISORPI "Account5ng and Reporting by Charities ' IFRS102 Sertion IAI in preparing the annual report and financial statements of the charity. The financlal statements have been prepared in accordance with the accounting policies set out In note5 to the financial statements and applicable accounting standards, 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 issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom 2nd Republic of Ireland IFRS 102 Section IA). the charity's governing document, the Charities Att (Northern Ireland) 2008, Charities Act INorthern Irelandl 2013, The Charities IAccount5 and Reports) Regulations (Northern Ireland) 2015 and UK Generally Accepted Practice. TRUSTEES OF THE CHARITY The trustees who have served durlng the year were as shown in the paragraph below: REFERENCE AND ADMINISTRATIVE DAlL5 The registered name of the charity is Kilroot Playgroupi charity registration number: NIC100433 Principal office Eden Community Centre, 42 Beltoy Road Carrickfergus, 8T38 9BH The trustees Lauren Keep Evelyn M3hood Colleen Campbell Lauren Hamilton Colleen Campbell and Lauren Hamilton resigned during 2023. age
KILROOT PLAYGROUP TRUSTEES REPORT Year ended 31 March 2021 Bankers Danske Bank Branch Business P.0 Box 183 Donegall Square West Belfast BTI 6JS Independent examiner Slmon Hopper F.C.A. Hopper & Co 6 Doagh Road Ballyclare BT39 9BG STRucfuRE AND MANAGEMENT Governing Document Kilroot Playgroup is a charity registered with the Charity Commission for Northern Ireland. Its operations are governed by a Trust Deed. There are 4 Trustees named above who oversee the charit¢s activities and finances and decide how It will achieve its objettives. Appointment of trustees The Chairman and the Trustees recruit and selett new Trustee5 as needed. New Trustees are recruited on the relevance of their professional skills, and their potential to be able to make a helpful contribution to the governance of the charity. As Part of the recruitment process they are made aware of a Trustees, legal obligations under charity law, the content of the Trust Deed, the committee and decision making processes, the business plan and recent financial performance of the charity. Once the potential new Trustee has agreed to be considered for appointment to the role, the Trustees meet to review and to vote on the candidates, suitability for appointment. If there is unanimou5 agreement. their names are then proposed for appointment at the next Annual General Meeting.
KILROOT PLAYGROUP TRUSTEES REPORT IconVd} Year ended 31 March 2021 DESCRIPTION AND PURPOSE The Committee communicate widely the vision, ethos and strategic direttion of the pre-school centre and ensure strong links Wlth the parents and local community. The committee ensures the groups financial and human resources are deployed effectively and in the interest of the children. AcfiviTIE5 AND OBJECTIVES We are a Ioc31 playgroup, who aim to educate children in learning through play. We provide opportunities for children to discover that learning is fun. play is a vital part of development for post office track and trace young children. Attending our playgroup, a child can acquire the skills to help them develop physically, intellettually, emotionally and socially. We seek to promote interaction with the community by regularly visiting the local primary school, places of interest and family activities. We create a disciplined environment in which children leam to control their own behaviour, feel good about themselves, become independent and responsible. Through annual early years, DENI and social services inspections we ensure that we have a well run playgroup and strive to maintain this high standard for many years to come. This is a direet benefit to the children and families who attend the playgroup currently but also our future intake of children in the community. The playgroup is ran by a committee lor trustee51, with Chalrperson. Secretary and Treasurer- mainly consisting of parents of the current years intake of children, with some previous years, committee members staying also. Committee meet at least twice a term and is responsible for ensurlng that the playgroup complies with its aim5 and is properly and responsibly managed for the good of it's beneficiaries.. ACHIEVEMENTS AND PERFORMANCE We are pleased to report that the charity has been operating at almost full capacity throughout the financial year. The trustees are pleased at the level of service achieved and are optimistic that this will continue in the future. PUBLIC BENEFIT STATEMENT The Board of Kilroot Playgroup confirm that they have had due regard for the guidance produced on public benefit by the Charity Commission for Northern Ireland and are pleased to report that during the year the charity has continued to provide public benefits through the programmes and services we offer. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set out.
KILROOT PLAYGROUP TRUSTEES REPORT {conYdl Year ended 31 March 2021 The direct benefit that flows from this purpose include enhancing the development and education of local children in the 6 areas of learning required by PEEP (Pre-school education expansion programmel This purpose also directly benefits the children in their transition to their choice of primary school in the area. This benefit is evidenced through yearly inspections by social services and DENI (Department of Educatlon in Northern Irelandl- of which thelr procedures we adhere to, I'The playgroup is meeting* very effectively, the educational and pastoral needs of the children and has demonstrated its capacity for sustained self-improvement, Pre-school inspection report March 20121 and also by the amount of yearly applications we get from parents who wish their child to be enrolled in the playgroup. The beneficiaries of this purpose are the children who attend. their families and also the families who wish their children to attend in the future. By carrying out our purposes, the children are then well equipped and prepared to cope with moving into primary school education, which in turn also benefits the primary school they plan to attend. A private benefit to our trustees would be the gaining of skills through finance. admin etc through following correct governance guidelines- these are necessary benefits but incidental and therefore necessary for the successful running of the organisation in carrying out our purposes. A second private benefit, again incidental, is that most committee members have children who attend the playgroup and who benefitfrom our purposes. Everyyear new committee members are elected, due to the new intake of children and so this is an inevitable. but necessary private benefrt in order to keep the organi5ation running. FINANCIAL REVIEW The Charity returned a surplus of £19,26212020: Deficit £5,852) for the year. As at 31 March 2021. the charity has funds carried forward of £29,99012020: £10,728). GOING CONCERN The 3rtivities of the charity is dependent on ongoing fundraising activitie5. The Trustees are of the opinion that the charity has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report. RESERVES POUCY The charity aim5 to retain unrestricted reserves at between three and six months expenditure. The trustees consider that this ensures that in the event of a significant drop in funding they will be able to continue activities while working to source alternative funding. The charity has maintained this level of funding throughout the year.
KILROOT PLAYGROUP TRUSTEES REPORT Iconvd) Year ended 31 March 2021 RESPONSIBILITIES IN RESPEcf OF THE FINANCIAL STATEMENTS The trustee5 are responsible for preparing the Trustees ' Report and the financial statements in accordance with applicable13w and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practlcel. Charity law require5 the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently* observe the Methods and principles in the Charities SORP 2019 IFRS1021,' make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements,. and prepare the flnancial statements on the going concern basis unle55 it 15 inappropriate to presume that the charity will continue to operate. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the flnancial statements comply with the Charities Act (Northern Ireland) 2008 and Charities Act INolthern Ireland) 2013 and Charities IAccounts and Reports) Regulations (Northern Ireland) 2015. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detettion of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's webslte. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. RISK REVIEW A review of major risks has been undertaken by the Trustees and system5 and procedures implemented to manage identified risks. The principal risk5 are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from funders. These risks are mitigated by the Trustees regularly monitoring the various activities of the charity at stated meetings and by reviewing available funding streams.
KILROOT PLAYGROUP TRUSTEES REPORT (convd) Year ended 31 March 2021 FUTURE PLANS It is the Trustees, intention to develop the present 3ttivitie5 of the charity. Disclosure of Information to Independent Examiner So far as each of the trustees in ofFice at the date of approval of these financial statements is aware- there is no relevant audit information of which the charity's independent examiner is unaware; and they have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant information for the independent examination and to establish that the charity's independent examiner is aware of that information. Independent Examiner Hopper & Co.. have indicated their willingness to remain in office and a resolution for their re-election will be proposed at the forthcoming Annual General Meeting. Approved by the trustees at a meeting on 19 July 2024 and signed on its behalf by: Lauren Keep Trustee elyn Mahood Trustee 9 | Page
KILROOT PLAYGROUP INDEPENDENT EXAMINERS REPORT Year ended 31 March 2021 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF KILROOT PLAYGROUP I report on the financial statements of Kilroot Playgroup for the year ended 315t March 2021 which are contained within the 2021 Annual Report. Respective responsibilities of trustees and independent examiner Kilroot Playgroup's trustees are responsible for the preparation of the financlal statements in accordance with the terms of the Charltles Act {Northern Ireland) 2008. Kilroot Playgroup's trustees consider that an audit is not required under section 6512) (audit} of the Charities Act (Northern Ireland) 2008 for the year and that an independent examination under section 64111 of the Charities Act (Northern Ireland) 2008 is required. It is my responsibility to: examine the accounts to state whether particular matters have come to my attention. Basis of independentexaminer's report My examination was carried out under Section 65 of the Charities Act INorthern Ireland) 2008. An examination includes a review of the accounting records kept by the Church and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements. and seeking explanations from the trustees concerning any such matters. The procedures do not provide all the evidence that would be required In an audit, and consequently I do not express an audit opinion on the view given by the financial statements. Independent examlner's statement In the course of my examination, no matter has come to my attention: 111 which give5 me reasonable cause to believe that in any material respert the requirements: to keep proper accounting records in accordance with Section 63 of the charities Act {Northern Irelandl 2008, and to prepare financial statements which accord with the accounting records in accordance with Section 64 of the Charitie5 Att (Northern Ireland) 2008 have not been met; or 101 Page
121 to which, in my opinion. attention should be drawn in order to enable a proper understanding of the rinancial statements to be reached. S Hopper FCA Partner Hopper & Co 19" July 2024 11 | Page
KILROOT PLAYGROUP srATEMENT OF FINANCIALACTIVITY (INCLUDING INCOME AND EXPENDITURE ACCOUNT) forthe year ended 31 March 2021 Note Unrestricted Funds Restricted Funds Total 2021 Total 2020 Income from: Donations and legacies 45,252 45,252 22,445 Charitable Activities 11.883 11,883 13.884 Total Income 57,136 57,136 36.329 Expenditure on: Charitable activities 37,874 37.874 42,181 Total Expenditure 37,874 37,874 42,181 Net Income 19.262 19,262 {5,8521 Net movement in funds 19,262 19,262 15,852) Funds brought forward 10,728 10,728 16.580 Funds carried forward 12 29,990 29.990 10,728 All income and expenditure derive from continuing activities. The statement of financial activities Includes all gains and losses recognised during the year. 121 Page
KILROOT PLAYGROUP BALANCE SHEET As at 31 March 2021 Note 2021 2020 Fixed Assets Tanglble Fixed Assets Total fLxed assets io 627 737 627 737 Current A55ets Other Debtors Cash and cash equiv21ents T¢tal current assets 2,221 11,136 13,357 32,729 32,729 CredÉtors: amounts falllng due within one year Total Creditors li 3,366 3.366 3,366 3,366 Net Current Assets 29,363 9,991 Total Net Assets 29,990 10,728 Funds of the charity Unrèstrirted funds General funds Total Charity funds 12 29,990 29,990 10,728 10,728 These financial statements were approved by the board of trustees and authorised for issue on 19 July 2024 and are signed on behalf of the board by: Lauren Keep Trustee Eve yn Mahood Trustee The notes on pages 14 to 25 form part of these financlal statements. 13 | Page
KILROOT PiAYGROUP NOTES TO THE ACCOUNTS for the year ended 31 March 2021 I. ACCOUNTING POLICIES General information The charity constltutes a public benefit entity as defined by FRS 102. The address of the principal office is Eden Community Centre. 42 Beltoy Road, Carrickfergus, BT38 9BH. Statement of compliance The financial statements have been prepared in accordance with the accounting policies Set out in notes to the financial statements and applicable accounting standards, Accounting and Reporting by Charitie5: 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS102 Section IA), the charity's governing document. the Charities Act INorthern Ireland) 2008, Charities Act INorthern Ireland) 2013 , The Charities (Accounts and Reports) Regulations (Northern Irelandl 2015, and UK Generally Accepted Practice. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. The trustees consider that these policies are suitable, have been consistently applied and are supported by rea50nable and prudent judgements and estimates. FUND ACCOUNTING The charity has various type5 of funds for which it is responsible, and which require separate disclosure. A definition of the various types of funds is as follows: Restricted funds comprise {al income from endowments which is to be expended only on the restricted purposes intended by the donor and Ib) revenue donations or grants for a specific charitable activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment 15 apportioned to the individual funds on an average balance basis. 141 Page
KILROOT PLAYGROUP NOTES TO THE AccourS {conVd) 31 March 2021 Unrestritted funds are funds which are expendable at the discretion of the Charity in furtherance of its objertives. In additlon to expenditure on activities such funds may be held in order to finance capital investment and working capital. Designated funds are general funds set aside by the trustee5 for use in the future. INCOMING RESOURCES All incoming resources are included in the Statement of Financial Actlvlties ISOFAI when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably. and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity, and it is probable that they will be fulfilled. Voluntary income received by way of donations and gift is credited to revenue on a receivable b3S1S. The charity receives grants in respect of support services. Income from government and other grants are recognised at fair value when the charity has entitlement after any perfomiance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met. then these amounts are deferred. Revenue grants are credited to incoming resources on the earlier date of when they are received or when they are receivable unless they relate to a specifled future period. Other income represents income that cannot be reported under the other analysis headings provided within the SOFA. Incoming resources With related expendlture Where incoming resources have related expenditure las with insurance proceeds) the Incoming resources and related expenditure are reported gross in the SOFA. 15 | Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS {¢onVd) 31 March 2021 Grants and donations Grants and donatlons are only included in the SOFA when the charity has unconditional entitlement to the resources. Tax reclaims on donations and glfts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. Contrartual Income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. {v} Gift5 in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as Incoming resources when receivable. {vil Donated services and facllities These are only included in incoming resources (with an equivalent amount In resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value place on these resources is the estimated value to the charity of the seNice or facility received. {vii) Investment Income This Is included in the accounts in the period to which it relates. {viiil Investment gain5 and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. It is categorised under the following headings: Expenditure on charitable artivities comprises those costs incurred by the charity in the delivery of its artivitie5 and services for its beneficiaries and includes salary costs, support service expenses, and an apportionment of support costs: Other expenditure represents those items not falling into the categories above. 16 | Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (convd) 31 March 2021 Llability recognition Liabilities are recognised where there is a legal or constructive obligation to make payments to third parties. it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. Governance costs These are shown within charitable artivities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. Grants wlth performance conditions Where the charity give5 a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognlsed in the SOFA once the recipient of the grant has provided the specified service or output. liv} Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant whlch remain in the control of the charity. (v) Support costs Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be direttly attributed to particular headings, they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have been allocated on a basis consistent with the use of the resources. Staff costs and other overheads have been allocated based on time spent. per capita and activity. Employee benefits When employees have rendered service to the charity, sholt-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. Value Added Tax The charity is not registered for VAT purposes, therefore expenditure is shown gross of VAT. 17 | Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS Iconvd) 31 March 2021 ASss Tan8lble Fixed Assets The cost of tangible fixed assets is their purchase cost. together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets. less their estimated residual Values. on a straight-line basis over the expected useful economic lives of the assets concerned. The principal annual rates used are as follows: Equipment IO% Reduclng balance In accordance with FRS102, assets under construction are not depreciated untll such times as they are available for use. Where the recoverable amount of a fixed asset is found to be below its net book value, the asset is written down to the recoverable figure and the loss on impairment is recognised in the SOFA. Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees, best estimate of market value. Leases Rentals payable under operating leases are Charged to the SOFA on a straight-line basis over the period of the lease. Tax The charity beneflts from various exemptions afforded by tax legislation. It is therefore not liable to corporation tax on income or gains falling due within those exemptions. Recovery is made of tax deducted from receipts under gift aid. Going ton¢ern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustee5 have consldered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Judgements and key Sources of estimation uncertainty The following judgements including those involving estimates have been made in the process of applying the above accounting policies that have had the most significant effect on the amounts recognised in the financial statements and that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabiltties Wlthin the next financial year.. 18 | Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (convdl 31 March 2021 depreclation method and asset useful lives The estimates and assumptions are reviewed on an ongoing basis considering the current and future market conditions. 2. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Total 2021 Total 2020 Donation5 EA Fundin8 45,253 45.253 22,445 45,253 45,253 22,445 3. CHARITABLE ACTivrfiES Unrestrirted Funds Restrlcted Funds Total 2021 Total 2020 Playgroup Fees Fundraising 11,883 11,883 12,647 1,237 11,883 11,883 13,884 19 | Page
KILROOT PLAYGROUP NOTES TO THE AccoUr[S (convd) 31 March 2021 4. STAFF COSTS The total staff cost and employee benefits for the reporting period are analysed as follows.. 2021 2020 Wages and salaries 33.290 32,437 The average head count of employees during the year was 312020: 3} No employee received employee benefits of more than £60.000 during the year12020: 31. EXPENDITURE ON CHARITABLE ACTIVITIES Unrestrlcted Funds Restricted Funds Total 2021 Total 2020 Main Activity Governance costs 37.274 600 37.274 600 41,581 600 37,874 37,874 42,181 201 Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (conyd) 31 March 2021 5. ANALYSIS OF SUPPORT COST5 Unrestricted Funds Restr&cted Funds Total 2021 Total 2020 Purchases Wages/Salaries Rent Legal & Professional Insurance Telephone Bank Charges Administration Costs Depreciation 1,015 33.290 1,384 536 392 90 27 430 iio 1,015 33.290 1,384 536 392 90 27 430 iio 2.402 32,437 4,224 1,555 392 88 26 327 130 37,274 37,274 41.581 6. NET EXPENDITURE Net Expenditure is stated after charging/lcreditingl: Total 2021 Total 2020 Depreciation of tangible fixed assets iio 130 iio 130 211 Page
KILROOT PLAYGROUP NOTES TO THE Accoupifs Iconvd) 31 March 2021 7. INDEPENDENT EXAMINATION FEES Total 2021 Total 2020 Fees payable to independent examiner for: Independent examination of the financial statements 600 600 8. TRUSTEES REMUNERATION AND EXPENSES The Trustees received no remuneration from the charity during the current or preceding financial years. 9. TKYATION The charity is entitled to certaln tax exemptions on income and profits from investrnents, and surpluses on any trading activities carried out in the furtherance of the charity's primary objectives. If these profits and surpluses are applied 501ely for charitable purposes. The charity is not registered for VAT and. accordingly, all their expenditure is inclusive of any VAT incurred. 221 Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS Icont'd) 31 March 2021 10. TANGIBLE FIXED ASSETS Fixture5 & Ftttings Cost At be8inning of the year Additions Disp05als At end ofthe year 3,672 3.672 Depreclation At beginning of the year Depreciation Disposals At end of the year 2,935 iio 3,045 Net book value at beginning of the year Net book value at end of the year 737 627 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Total 2021 Total 2020 HMRC 104 104 Accruals 3,262 3,262 3,366 3,366 23 | age
KILROOT PLAYGROUP NOTES TO THE Accoupifs {conVd) 31 March 2021 12. FUND BALANCES Fund5 2021 Balance at start Income Expenditu surplus / Transfer re (Deficit) Balance at end Unrestricted Funds General fund 10,728 57,136 {37,8741 19.262 29,990 Total 10.728 57,136 137,8741 19,262 29,990 Funds 2020 Balance at start Income Expenditu Surplus / Transfer re {Deficit) Balance at end Unrestrlcted Funds General fund 16,580 36.329 142,1811 15.8521 10,728 Total 16,580 36,329 142,1811 {5.5821 10.728 241 Page
KILROOT PiAYGROUP NOTES TO THE AcCOuTrs {conVd) 31 March 2021 13. ANALYSIS OF ASSETS BEnVEEN FUNDS Unrestricted Restricted Funds Funds Total 2021 Fixed A55etS Net Current Assets 627 29,363 627 29.363 29,990 29.990 Unrestricted Restricted Funds Funds Total 2020 Fixed Assets Net Current Assets 737 9,991 737 9,991 10,728 10,728 14. FINANCIAL COMMITMENT No contracts had been placed for future capital expenditure at the balance sheet date 15. EfHICAL STANDARDS In common with many other organisations of our size and nature. we use our independent examiner to prepare and assist in the preparatlon of the financlal statements. 16. RELATED PARTIES There were no related party transattions during the year12020: £Nil}. 25 | Page