KILROOT PLAYGROUP Trustees Annual Report and Unaudited Financial Statements for the year ended 31 March 2022 Reglstered Charity in Northern Ireland INIC1004331 Page | I
KILROOT PLAYGROUP Financial Statements Year ended 31 March 2022 Contents CHARrrY REFERENCE AND ADMINISTRATIVE DEfAILS....................................,........................................... TRUSTEES, ANNUAL REPORT........................................................................................................................ TRUSTEES OFTHE CHARITY.........,............................................................................................................. REFERENCE ANDADMINISTRATIVE DAILs........................................................................................... STRUCTURE AND MANAGEMENT............................................................................................................. DESCRIPTION AND PURPOSE.................... ................................................................ .............................. AcfiviTIES AND OBJEcfivES..............,..................................................................................................... ACHIEVEMENTSAND PERFORMANCE...................................................................................................... PUBLIC BENEFIT STATEMENT.................................................................................................................... FINANCIAL REVIEW................................................................................................................................... GOING CONCERN ...................................................................................................................................... RESERVES POLICY...................................................................................................................................... RESPONSIBIUTIES IN RESPECT OFTHE FINANCIAL STATEMENTS........................................................... RISK REVIEW.............................................................................................................................................. FURTURE PLANS...................................................................................................... ................................. INDEPENDENT EXAMINERS REPORT..........................................................................................................Ii srATEMENT OF FINANCIAL AcnviTY {INCLUDING INCOME AND EXPENDITURE ACCOUNTI ...,.............13 BALANCE SHEET......................................................................................................,....................................14 NOTES TO THE ACCOUNTS..........................................................................................................................15
KILROOT PLAYGROUP Year ended 31 March 2022 CHARI 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 Miss Lauren Keep Mrs Evelyn Mahood Bankers Danske Bank Donegal Sq West Belfast Co Antrim BTI 6JS Independent examlner Simon Hopper F.C.A. Hopper & Co 6 Doagh Road Ballyclare BT39 9BG 3 | ?age
KILROOT PLAYGROUP TRUSTEES REPORT Year ended 31 March 2022 TRUSTEES, ANNUAL REPORT The Trustees present their report and the unaudited financial statements of the charity for the year ended 31st March 2022. The trustees have adopted the provisions ofthe Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities ' IFRS102 Section IA) in preparing the annual report and financial statements of the charity. 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 Charities Statement of Recommended Prattice 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 IFRS 102 Section IA), the charity's governing document. the Charities Act INorthern Ireland) 2008, Charities Act (Northern Ireland) 2013, The Charities IAccounts and Report51 Regulations (Northern Ireland) 2015 and UK Generally Accepted Practice. TRUSTEES OF THE CHARITY The trustees who have seNed duringthe year were as shown in the paragraph below. REFERENCE AND ADMINISTRATIVE DETAILS The registered name of the charity is Kilroot Playgroup, charity registration uMber. NIC100433 Principal office Eden Commuinty Centre, 42 Beltoy Road Carrickfergus, BT38 9BH The trustees Lauren Keep Evelyn Mahood Colleen Campbell Lauren Hamilton Colleen Campbell and Lauren Hamilton resigned during 2023. 4 | Page
KILROOT PLAYGROUP TRUSTEES REPORT Year ended 31 March 2022 Bankers Danske Bank Branch Business P.0 Box 183 Donegall Square West Belfast BTI 6JS Independent examiner Simon Hopper F.CA. 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 activitie5 and finances and decide how it will achieve its objectives. Appointment of trustee5 The Chairman and the Trustees recruit and selert new Trustees 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 govemance ofthe 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 candldates, suitability for appointment. If there Is unanimous agreement. their names are then proposed for appointment at the next Annual General Meeting. age
KILROOT PLAYGROUP TRU5fEES REPORT (wnvdl Year ended 31 March 2022 DESCRIPTION AND PURPOSE The committee communicate widely the vision, ethos and strategic direction of the pre-school centre and ensure strong links With the parents and local community. The committee ensures the groups financial and human resources are deployed effectively and In the interest of the children. AcfiviTIES AND OBJECTIVES We are a local playgroup. who aim to educate children in learning through play. We provide opportunities for children to discover that learning 15 fun. play is a vital art of development for a young children. Attending our playgroup. a child can acquire the skills to help them develop physlcally. intellectually, 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 learn to control their own behaviour, feel good about themselves, become independent and responsible. Through annual early years, DENI and social servlces inspettions we ensure that we have a well run playgroup and strive to maintain this high standard for many years to come. This is a direct benefit to the children and families who attend the playgroup currently but also our future intake of children in the comrnunity. The playgroup is ran by a committee lor trustees), with Chairperson. 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 leaStice term and is responsible for ensuring that the playgroup complies with its aims 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 servSce achieved and are optimistic that this wil 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 attivities will contribute to the alms and objectives they have set out. 6 | Page
KILROOT PLAYGROUP TRUSTEES REPORT (convd) Year ended 31 March 2022 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 dirertly benefits the children in their transition to their choice of primary school in the area. This benefit is evidenced through yearly inspections by social service5 and DENI (Department of Education in Northern Irelandl- of which their procedures we adhere to, I'The p12ygroup 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 purp05e5, the children are then well equipped and prepared to cope with moving into primary school education. which in turn a150 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 benefit from our purposes. Every year new committee members are elected, due to the new intake of children and so this is an inevitable, but necessary private benefit in order to keep the organisation running. FINANCIAL REVIEW The charity returned a deficit of £6,27612021: Surplus £19,262) for the year. As at 31 March 2022, the charity has funds carried forward of £23.71412021- £29.9901. GOING CONCERN The activities of the charity 15 dependent on ongoing fundraising activities. 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 POLICY The charlty aims 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 altern2tive funding. The charity has maintained this level of funding throughout the year.
KILROOT PLAYGROUP TRusfEES REPORT {conVd) Year ended 31 March 2022 RESPONSIBILITIES IN RESPEcf OF THE FINANCIAL STATEMENTS The trustees are responsible for preparing the Trustees ' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Charity law requires 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 IFRS102J: make judgements and accounting estimates that are reasonable and prudent.. state whether applicable UK Accounting Standards have been followed , subjett to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is 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 financial statements comply with the Charities Act (Northern Ireland) 2008 and Charitie5 Act INolthern Ireland) 2013 and Charities (Accounts 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 detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrty of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 8 | JaEe
KILROOT PLAYGROUP TRUSTEES REPORT Iconvd) Year ended 31 March 2022 RISK REVIEW A review of major risks has been undertaken by the Trustees and 5yStems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputation31 damage and financial risks associated with the expettation 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. FURTURE PLANS It is the Trustees, intention to develop the present activities 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 financlal statements is aware: there 15 no relevant 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.
KILROOT PLAYGROUP TRUSTEES REPORT (convd) Year ended 31 March 2022 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 Evelyn Mahood Trustee 101 Page
KILROOT PLAYGROUP INDEPENDENT EXAMINERS REPORT Year ended 31 March 2022 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF KILROOT PLAYGROUP I report on the financial statements of Kilroot Playgroup for the year ended 315t March 2022 which are contained within the 2022 Annual Report. Respective responsibilitie5 of trustees and independent examiner Kllroot Playgroup's trustees are responsible for the preparation of the financial statements in accordance with the term5 of the Charitles Act (Northern Irelandl 2008. Kilroot Playgroup's trustees consider that an audit is not required under section 65121 lauditl of the Charltles Art (Northern Ireland) 2008 for the year and that an independent examination under settion 64{11 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 independent examiner's report My examination was carried out under Section 65 of the Charities Act (Northern 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 glven by the financial statements. Independent examiner's statement In the course of my examination, no matter has come to my attention: 111 which gives me reasonable cause to believe that in any material respect the requirements: to keep proper accounting records in accordance with Section 63 of the charities Act INorthern Irelandl 2008, and to prepare financial statements whith accord with the accounting record5 in accordance with Section 64 of the Charities Act (Northern Irelandl 2008 have not been met- or 111 Page
121 to which, in my opinion. attention should be drawn in order to enable a proper understanding of the financial statements to be reached. S Hopper FCA Partner Hopper & Co 19 July 2024 121 ?age
KILROOT PLAYGROUP srATEMENT OF FINANCIAL AcfiviTY (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2022 Note Unrestricted Funds Restrlcted Funds Total 2022 Total 2021 Incomefrom: Donations and legacies Charitable Attivities 30,266 10.281 30,266 10,281 45,252 11,883 Total Income 40,547 40.547 57,136 Expenditure on: Charitable activities 46.823 46,823 37,874 Total Expendlture 46,823 46,823 37.874 Net Income 16.2761 16,2761 19,262 Net movement in funds Funds brought forward 16,2761 29,990 16.276} 29,990 19,262 10.728 Funds carried forward 15 23,714 23,714 29,990 All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. 13 | Page
KILROOT PLAYGROUP BALANCE SHEET As at 31 March 2022 Note 2022 2021 Flxed Assets Tangible Flxed Assets Totsl fixed assets 13 532 627 532 627 Current Assets Cash and cash equivalents Total Current assets 27,268 27,268 32,729 32,729 Creditors: amounts falling due within one year Total Creditors 14 4,086 4,086 3.366 3,366 Net Current Assets 23,182 29,363 Total Net Assets 23,714 29,990 Funds of the charity Unrestricted funds General funds 15 23,714 23,714 29.990 29,990 Total charity funds 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 Evelyn Mahood Trustee The notes on pages 14 to 25 form part of these financial statements. 141 page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS for the year ended 31 March 2022 I. ACCOUNTING POLICIES General information The charity constitutes a public benefit entity as defined by FRS 102. The address of the principal offfice is Eden Community Centre. 42 Beltoy Road, Carrickfergus, BT38 98H. ststement of compliance The financial statements have been prepared in accordan with the accounting policies set out in notes 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 and Republic of Ireland IFRS102 Section IA), the charity's governing document, the Charities Act INorthern Ireland) 2008, Charities Act INorthern Irelandl 2013 . The Charities {Accounts and Reports) Regulations INorthern Ireland) 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 El. 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 reasonable and prudentjudgements and estimates. FUND ACCOUNTING The charity ha5 various types of lunds for which it is responsible, and which require separate disclosure. A definition of the various types of funds is as follows: Restritted funds comprise (al income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donations or grants for a specific charitable activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the Individual funds on an average balance ba515. 15 | Page
KILROOT PLAYGROUP NOTES TO THE AcCOuP {cont'd) 31 March 2022 Unrestricted funds are funds which are expendable at the discretion of the Charity in furtherance of its objectives. In addition to expenditure on actiwties such funds may be held in order to finance capital investment and working capital. Designated funds are general funds set aside by the trustees for use in the future. INCOMING RESOURCES All incoming resources are included in the Statement of Financial Attivities {SoFAI 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 basis. The charity recelves grants in respect of support service5. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance 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 arnount5 are deferred. Revenue grants are credlted to incoming resources on the earlier date of when they are received or when they are receivable unless they relate to a specified future period. Other income represents income that cannot be reported under the other analysis headings provided within the SOFA. Incoming resources with related expenditure Where iNcoming resour$ have related expenditure las with insurance proceeds} the incoming resources and related expenditure are reported gross in the SOFA. 16 | Qage
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (convdl 31 March 2022 Grants and donation5 Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Tax reclaims on donations and gifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to whlch they relate. (iv) Contrartual income and performance reled grants This is only included in the SOFA once the related goods or services have been delivered. Iv) Gifts in kind Glfts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Grfts 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. {vi} Donated servlces and facilities 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 service or facility received. {viil Investment income This is included in the accounts in the period to which it relates. (viil) Investment gain5 and losses Thls 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 UABILITIES 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 charltable activitie5 comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries and includes salary costs. SUPPOrt service expense5, and an apportionment of support C05ts- Other expenditure represents those items not falling into the categories above. 171 Page
KILROOT PLAYGROUP NOTES TO THE ACCOUi¥trs {conVd) 31 March 2022 Liablllty recOlt10n 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 activities 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 With perforrnan conditlons Where the charity gives a grant with condition5 for its payment being a specific level of service or output to be provided, such grants are only recognised In the SOFA once the recipient of the grant has provided the specified service or output. {ivl 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 which remain in the control of the charity. Iv) 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 admlnistrative payroll costs. They are incurred directly in support of expenditure on the object5 of the charity. Where support costs cannot be directly 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 overhead5 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 entltled are recognised at the undi5counted amount expected to be paid in exchange for that service. Value Added Tax The charity is not registered for VAT purpose5, therefore expenditure is shown gross of VAT.
KILROOT PLAYGROUP NOTES TO THE AccouTrifs {conYd) 31 March 2022 ASSETS Tan8ible Fixed A55ets 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, le55 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% Reducing balance In accordance with FRS102, a55ets under construrtion are not depreciated until 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 benefits 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 dedurted from receipts under gift aid. Golng concern The financlal statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered 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 golng 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 liabilities within the next financial year- 19 | Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (convdl 31 March 2022 depreciation method and asset useful live5 The estimates and assumptions are reviewed on an ongoing basis considering the current and future market conditions. 2. DONATIONS AND LEGACIES Unrestricted Funds Restricted Fund5 Total 2022 Totsl 2021 Donations EA Funding 30,266 30,266 45,2S3 30,266 30,266 45,253 3. CHARITABLE ACTIVITIES Unrestricted Funds Restrlcted Funds Total 2022 Total 2021 Playgroup Fees Fundraising 8,818 1,463 8,818 1.463 11,883 10,281 10,281 11,883 20 | Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS Iconvd) 31 March 2022 4. STAFF COSTS The total staff cost and employee benefits for the reporting period are analysed as follows: 2022 2021 Wages and salaries 34,694 33.290 The average head count of employees during the year was 312021: 31 No employee received employee benefits of more than £60,oc during the year12021- £Nil}. 5. EXPENDITURE ON CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Totsl 2022 Total 2021 Main Activity Governance costs 46,103 720 46,103 720 37,274 600 46,823 46,823 37,874 21 | Page
KILROOT PLAYGROUP NOTES TO THE AccouTrifs Iconvdl 31 March 2022 6. ANALYSIS OF SUPPORT cosrs Unrestricted Funds Restricted Funds Total 2022 Total 2021 Purchases Wages/Salaries Rent Insurance Legal & Professional Telephone Bank Charge5 Administration Costs Depreciation 7,021 35,284 2,316 392 703 94 19 179 95 7,021 35.284 2,316 392 703 94 19 179 95 1.015 33,290 1,384 536 392 90 27 430 iio 46,103 46.103 37,274 7. INDEPENDENT EXAIIAINATION Total 2022 Total 2021 Fees payable to independent examiner for: Independent examination of the financial statements 720 600 8. NET EXPENDITURE Net Expendlture is stated after chargingllcrediting): Total 2022 Total 2021 Depreciation of tangible fixed assets 95 iio 95 iio 22 | Page
KILROOT PLAYGROUP NOTES TO THE Accoufrifs {conVd) 31 March 2022 9. TRUSTEES REMUNERATION AND EXPENSES The Trustees received no remuneration from the charity durlng the current or preceding financial years. 10. TAXATION The charity is entitled to certain tax exemptions on income and profits from investments, and surpluses on any trading activities carried out in the furtherance of the charity's prirnary objertives. if these profits and surpluses are applied solely for charitable purposes. The charity is not registered for VAT and, accordingly* all their expenditure is inclusive of any VAT incurred. 11. TANGIBLE FIXED ASSETS Flxtures & Fittings Cost At beginning of the year At end ofthe year 3,672 3.672 Depreciation At beginning of the year Depreciation At end of the year 3,045 95 3.140 Net book value at beginning of the year Net book value at end of the year 627 532 23 | Dage
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS {cont'd) 31 March 2022 12. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR Total 2022 Total 2021 HMRC Accruals & Deferred income 104 3,982 104 3,262 4,086 3,366 13. FUND BALANCES Funds 2022 Balance at start Incorne Expenditu Surplus / Transfer re (Deficit) Balance at end Unrestritted Funds General fund 29,990 40,547 146,8231 16,2761 23,714 Total 29,990 40.547 146,8231 16,2761 23,714 Funds 2021 Balance at start Income Expendltu Surplu5 1 Transfer re (Deficit) Balance at end Unrestricted Funds General fund 10,728 57,136 137,8741 19.262 29,990 Total 10,728 57,136 137.8741 19,262 29,990 241 Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (convd) 31 March 2022 14. ANALYSIS OF ASS5 BETWEEN FUNDS Unrestritted Restricted Funds Funds Total 2022 Fixed Assets Net Current Assets 532 23.182 532 23.182 23.714 23.714 Unrestrirted Restrirted Funds Funds Total 2021 Fixed Assets Net Current Assets 627 29.363 627 29,363 29.990 29,990 15. FINANCIAL COMMITMENT No contracts had been placed for future capital expenditure at the balance sheet date 16. ETHICAL STANDARDS In common with many other organisations of our size and nature, we use our independent examiner to prepare and assist in the preparation of the financial statements. 17. RELATED PARTIES There were no related party transactions durlng the year12021: £Nill. 25 | Page