KILROOT PLAYGROUP Trustees Annual Report and Unaudited Financial Statements for the year ended 31 March 2023 Registered Charity in Northern Ireland (NIC100433) Page I I
KILROOT PLAYGROUP Financial Statements Year ended 31 March 2023 Contents CHARITY REFERENCE AND ADMINISTRATIVE DETAILS................................................................................ TRUSTEES, ANNUAL REPORT . TRUSTEES OF THE CHARITY....................................................................................................................... REFERENCE AND ADMINISTRATIVE DETAILS........................................................................................... STRUCTUREAND MANAGEMENT............................................................................................................. DESCRIPTION AND PURPOSE.................................................................................................................... ACTIVITIES AND OBJEcfivES................................................................................................................... ACHIEVEMENTS AND PERFORMANCE...................................................................................................... PUBLIC BENEFITSTATEMENT.................................................................................................................... FINANCIAL REVIEW................................................................................................................................... GOING CONCERN...................................................................................................................................... RESERVES POLICY...................................................................................................................................... RESPONSIBILITIES IN RESPEcf OF THE FINANCIAL STATEMENTS........................................................... RISK REVIEW.............................................................................................................................................. FURTURE PLANS........................................................................................................................................ INDEPENDENT EXAMINERS REPORT..........................................................................................................11 STATEMENT OF FINANCIAL AcfiviTY (INCLUDING INCOME AND EXPENDITURE ACCOUNT) .................13 BALANCE SHEET...........................................................................................................................................14 NOTESTOTHEACCOUNTS..........................................................................................................................15
KILROOT PLAYGROUP Year ended 31 March 2023 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 trustee5 Miss 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 2023 TRUSTEES, ANNUAL REPORT The Trustees present their report and the unaudited financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities ' (FRS102 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 (FRS 102 Section IA), the charity's governing document, the Charities Act {Northern Ireland) 2008, Charities Act {Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland} 2015 and UK Generally Accepted Practice. TRUSTEES OF THE CHARITY The trustees who have served during the year were as follows: Miss L Keep REFERENCE AND ADMINISTRATIVE DETAILS The registered name of the charity is Kilroot Playgroup, charity registration number: NIC100433 Principal office Eden Commuinty Centre, 42 Beltoy Road Carrickfergus, BT38 9BH The trustees Miss L Keep Mrs Evelyn Mahood
KILROOT PLAYGROUP TRUSTEES REPORT Year ended 31 March 2023 Bankers Danske Bank Branch Business P.0 Box 183 Donegall Square West Belfast BTI 6JS Independent examiner Simon Hopper F.C.A. Hopper & Co 6 Doagh Road Ballyclare BT39 9BG STRUCTURE 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 charitvs activities and finance5 and decide how it will achieve its objettives. Appointment of trustees The Chairman and the Trustees recruit and select 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 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 Trustee5 meet to review and to vote on the candidates, suitability for appointment. If there is unanimous agreement, their names are then proposed for appointment at the next Annual General Meeting.
KILROOT PLAYGROUP TRUSTEES REPORT {conVd) Year ended 31 March 2023 DESCRIPTION AND PURPOSE The committee communicate widely the vision, ethos and strategic direction of the pre-school centre and ensure strong link5 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. ACTIVITIES 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 is 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 physically, 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 services inspections we ensure that we have a well run playgroup and strive to maintain this high standard for many years to come. Thi5 is a direct 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 {or 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 least twice a 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 service achieved and are optimistic that this wil continue in the future. The 2023 season started well with Wednesday sessions and group bookings well attended throughout the year. In June we took part in the Lough Erne regatta having a lot of fun and coming out winners. We held our own BLS regatta in August, hosting teams from Foyle and Lough Erne, another fun and rewarding day for all involved. We also supported the Belfast Lough cross the lough swim, the Carrickfergus Triathlon, disability pride and the Belfast Maritime Festival, a busy year for all involved. 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. 61P2ge
KILROOT PLAYGROUP TRUSTEES REPORT {conVd) Year ended 31 March 2023 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 programme) 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 Education in Northern Ireland)- of which their 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 2012) 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 guideline5 - 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 eletted, 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 £3,861 (2022: £6,276) for the year. As at 31 March 2023, the charity has funds carried forward of £19,853 (2022: £23,714). GOING CONCERN The activities of the charity is 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 charity aims to retain unrestritted 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. 7 | Page
KILROOT PLAYGROUP TRUSTEES REPORT (conVd} Year ended 31 March 2023 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 {United 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 con51Stently' observe the methods and principles in the Charities SORP 2019 {FRS102),. 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 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 Charities Act (Nolthern 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 integrity 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 otherjurisdictions. age
KILROOT PLAYGROUP TRUSTEES REPORT {conYd) Year ended 31 March 2023 R15K REVIEW A review of major risk5 has been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks 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. 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 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.
KILROOT PLAYGROUP TRUSTEES REPORT (convd) Year ended 31 March 2023 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 Trustee eep Evelyn Mahood Trustee IOIPage
KILROOT PLAYGROUP INDEPENDENT EXAMINERS REPORT Year ended 31 March 2023 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF KILROOT PLAYGROUP I report on the financial statements of Kilroot Playgroup for the year ended 31st March 2023 which are contained within the 2023 Annual Report. Respective responsibilities of trustees and independent examiner Kilroot Playgroup's trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities 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 64(1) 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 matter5. The procedure5 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 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 {Northern Ireland) 2008, and to prepare financial statements which accord with the accounting records in accordance with Section 64 of the Charities Art (Northern Ireland) 2008 have not been met; or
12) 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
KILROOT PLAYGROUP STATEMENT OF FINANCIAL ACTIVITY (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2023 Note Unrestricted Funds Restricted Funds Total 2023 Total 2022 Income from: Donations and legacies Charitable Activities 33,962 11,381 33,962 11,381 30,266 10,281 Total Income 45,343 45,343 40,547 Expenditure on: Charitable activities 49,204 49,204 46,823 Total Expenditure 49,204 49,204 46,823 Net Income (3,861) (3,861) (6,276) Net movement in funds Funds brought forward 13,861) 23,714 (3,861) 23,714 (6,276) 29,990 Funds carried forward 15 19,853 19,853 23,714 All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losse5 recognised during the year. 131Page
KILROOT PLAYGROUP BALANCE SHEEr As at 31 March 2023 Note 2023 2022 Fixed Assets Tangible Fixed Assets Totsl fixed assets 13 452 532 532 452 Current Assets Cash and cash equivalents Totsl current assets 24,207 24,207 27.268 27,268 Creditors: amounts falling due within one year Total Creditors 14 4,806 4,806 4,086 4,086 Net Current Assets 19,401 23,182 Total Net Assets 19,853 23,714 Funds of the charity Unrestrirted funds General funds Total charity funds 15 19,853 19,853 23,714 23,714 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. 141Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS for the year ended 31 March 2023 I. ACCOUNTING POLICIES General information The charity constitutes 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 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 (FRS102 Section IA}, the charity's governing document, the Charities Act (Northern Ireland) 2008, Charities Act (Northern Ireland) 2013 , The Charities {Accounts and Reports) Regulations {Northern 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 £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 reasonable and prudent judgements and estimates. FUND ACCOUNTING The charity has various types of funds for which it is responsible, and which require separate disclosure. A definition of the variou5 types of funds is as follow5: Restricted funds comprise la) income from endowment5 which is to be expended only on the restricted purposes intended by the donor and (bl 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 basis. 151Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS {cont'd) 31 March 2023 Unrestricted fund5 are funds which are expendable at the discretion of the Charity in furtherance of its objectives. In addition 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 trustees for use in the future. INCOMING RESOURCES All incoming resources are included in the Statement of Financial Activities {SoFA) 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 15 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 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 performance condition5 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 unles5 they relate to a specified future period. Other income represents income that cannot be reported under the other analysis heading5 provided within the SOFA. (i) Incoming resources with related expenditure Where incoming resources have related expenditure (as with insurance proceeds) the incoming resource5 and related expenditure are reported gross in the SOFA.
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (conyd) 31 March 2023 Grants and donations 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 which they relate. (iv) Contractual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. (v) Gifts 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. (vi) Donated services and facilities These are only included in incoming resource51with 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. (vii) Investment income This is included in the accounts in the period to which it relates. (viii) Investment gains and losses Thi5 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 heading5: Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of it5 activities 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. 171Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (convd) . 31 March 2023 (i) Liability 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 activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and c05t of any legal advice to trustees on governance or constitutional matters. Grants with performance conditions Where the charity gives a grant with conditions 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. (iv) Grants payable without performance conditions These are only recognised in the accounts when a commitment h35 been made and there are no conditions to be met relating to the grant which 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 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 overheads have been allocated on a basis consistent with the use of the resources. Staff costs and other overheads have been 311ocated based on time spent, per capit3 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. 181Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (convd) 31 March 2023 ASSETS Tangible 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 IOYO Reducing balance In accordance with FRS102, assets under construction 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 3 recognised stock exchange are valued at market value at the year end. Other investment a55ets 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 deducted from receipts under gift aid. Going concern The financial 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 fund5 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 effett on the amounts recognised in the financial statements and that have a significant risk of causing a material adjustment to the carrying amount5 of assets and liabilities within the next financial year: 19 | Page
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (conVd} 31 March 2023 depreciation method and asset useful lives The estimates and assumptions are reviewed on 3n ongoing basis considering the current and future market conditions. 2. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Donations EA Funding 33,962 33,962 30.266 33,962 33,962 30,266 3. CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Playgroup Fees Fundraising 11,381 11,381 8,818 1,463 11,381 11,381 10,281 20IPage
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS {conYd) 31 March 2023 4. STAFF COSTS The total staff cost and employee benefits for the reporting period are analysed as follows: 2023 2022 Wages and salaries 36,223 34,694 The average head count of employees during the year was 3 (2022: 3) No employee received employee benefits of more than £60,000 during the year12022: 0) 5. EXPENDITURE ON CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Main Activity Governance costs 48,484 720 48,484 720 46,103 720 49,204 49,204 46,823
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (convd) 31 March 2023 6. ANALYSIS OF SUPPORT COSTS Unrestricted Funds Restricted Funds Total 2023 Total 2022 Purchases WaEes/Salaries Rent Insurance Legal & Professional Telephone Bank Charges Administration Costs Depreciation 4,046 36,223 6,770 472 667 105 61 60 80 4,046 36,223 6,770 472 667 105 61 60 80 7,021 35,284 2,316 392 703 94 19 179 95 48,484 48,484 46,103 7. NET EXPENDITURE Net Expenditure is stated after charging/(crediting)". Total 2023 Total 2022 Depreciation of tangible fixed assets 80 95 80 95 8. INDEPENDENT EXAMINATION FEES Total 2023 Total 2022 Fees payable to independent examiner for: Independent examination of the financial statements 720 720
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (convd) 31 March 2023 9. TRUSTEES REMUNERATION AND EXPENSES The Trustee5 received no remuneration from the charity during 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 primary objectives, 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 Fixtures & Fittings Cost At beginning of the year At end of the year 3,672 3,672 Depreciation At beginning of the year Depreciation At end of the year 3,140 80 3,220 Net book value at beginning of the year Net book value at end of the year 532 452 231Dage
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS (convd) 31 March 2023 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Total 2023 Total 2022 HMRC Accruals 104 4702 104 3,982 4,806 4,086 13. FUND BALANCES Funds 2023 Balance at start Income Expenditu Surplus / Transfer re {Deficit) Balance at end Unrestricted Funds General fund 23,714 45,343 (49,204) (3,861) 19,853 Total 23,714 45,343 (49,204) (3,861) 19,853 Funds 2022 Balance at start Income Expenditu Surplus / Transfer re {Deficit) Balance at end Unrestricted Funds General fund 29,990 40,547 {46,823) {6,276) 23,714 Total 29,990 40,457 (46,823} (6,2761 23,714
KILROOT PLAYGROUP NOTES TO THE ACCOUNTS {cont'd) 31 March 2023 14. ANALYSIS OF NET ASSEfs BETWEEN FUNDS Unrestricted Restricted Funds Funds Total 2023 Fixed Assets Net Current Assets 452 19,401 452 19,401 19,853 19,853 Unrestricted Restricted Funds Funds Total 2022 Fixed Assets Net Current Assets 532 23,182 532 23,182 23,714 23,714 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 as515t in the preparation of the financial statements. 17. RELATED PARTIES There were no related party transactions during the year (2022: £Nil). 25 | Page