Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) 31 March 2020 2020 Reslricled funds Total funds Total funds 2019 Unrestricted funds Note Income and endowments Donations and legacies Other trading aclivit'es Other income 44.899 44.899 4,775 1,945 51,619 46,496 3,323 1,982 4,775 1,945 Total income 6.720 44,899 51,801 Expenditure Expenditure on chanlable aetivib.es Total expenditure 3.855 57,326 61.181 59,089 3,855 57.326 61.181 59,089 Net expenditure and net movement in funds 2.865 (12,4271 9.5621 (7,2881 Reconciliation of funds Total funds brought forward Total fund5 carried forward 15,5501 12.685) 82.252 76.702 67,140 83,990 69,825 76,702 The slalemenl of financial activities includes all gains and kjsses recognised in the year. All income and experlditure denve from continuing aclivitses. The notes on pages 9 to 16 forni part of these financial statements.
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee ststement of Financial Position 31 March 2020 2020 2019 Fixed assets Tangible fixed assets 16 65.943 71,604 Current assets Cash at bank and in hand 5,177 8.538 Creditors: amounts falling due within one year Net current assets 17 3,980 3,440 1,197 5,098 Total assets less current liabilities 67,140 76,702 Net assets 67.140 76,702 Funds ofthe charity Restricted funds Unreslricled funds 69,825 (2,6851 67,140 82.252 15,5501 76.702 Total charity funds 19 For the year ending 31 March 2020 the charity was entitled to exemption from audit under sectson 477 of the Companies A¢1 2006 relating to small eompanies. Trustees, responsibilities.. The members have not required the charity to obtsin an audit of its financial statements for the year in question in accordance wtlh seeb.on 476.. The Iruslees acknowledge their responsibilib.es for complying wrth the requirements of the Act with respect lo accounling records and the Preparation of financial statements. These financial slalements were approved by the board of trustees and authorised lor issue on 30 November 2020, and are signed on behalf of the board by". Mrs S Murray Trustee The notes on pages 9 to 16 fonn part of these fsnanckql ststements.
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2020 General inforniation The charity is a private company limited by guarantee, registered in N. Ireland and a registered charity in Northern Ireland. The address of the registered office is 8 Point Road, BALLYKINLAR, Downpatrick. County Down. BT30 8AS. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK anij Republic of Iland IFRS 1021 (Charities SORP {FRS 10211 and the Charities Act {Northern Ireland) 2008. Accounting policies Basis of preparation The financial slalemenls have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure_ The financial statements are prepared In sterling, whieh is the functional currency of the entity. Going concem There are no material uncertainties about the charills gbility to continue. Disclosure exemptions No transactions o¢urred requiring disclosure under the financial instruments legislation. Judgements and key sources of estimation uncertainty There were no items of uncertainty requiring the exercise of judgement. Fund accounting Unreslricled funds are available for use al the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamarked by the trustees for particular future project or commitment. Restricted funds are subjected lo restricts.ons on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes". restricted income funds or endowment funds.
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Ststements (tontinuedj Year ended 31 March 2020 Accounting policies fconllnuedj Incoming resources All incoming resources are included in the ststemenl of financial activities when enlillement has passed to the charity., it Is probable that the economic benefits associated wlh the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income." income from donations or grants is recognised when there is evidence of entillemenl lo the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entiuement is established. income from donated gcx)ds is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services a recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income Irom contracts for the supply of services 15 recognised with the delivery of the contracted service. This is classifEed as unreslricled funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded a5 reslricled. ReSoUeS expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fvlly recovered, and is classified under headings of the slalemenl of financial activities to which it relates.. expendrture on raising funds includes the costs of all fundraising aetsvilies. events, non-chanlable trading acb"vilies. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefrt of ils beneficiaries. including those support cost5 and costs relating lo the govemance of the charity apportioned lo Gharitable aclivilies. other expenditure includes all expendf(ure that is neilher related to raising funds fof the ¢harily nor part of its expenditure gn charitable acb'vities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly to that acty'vily. Shared Costs are apportioned beeen the activities they contribute to on a reasonable, jusb'fiable and consistent bas1S. Tangible assets Tangible assets are initially recorded al cost. and subsequently sl*ed at cost less any accumulated depiecialion and impairment losses. Any tangible assets carried al revalued amounts are recorded al the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impaimient losses. -10-
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (et>nlinuedJ Year ended 31 March 2020 Accounting policie5 (continued) Tanglble as$ets (Conllnuedj An increase in the carrying amount of an asset as a result of a revaluation, is recogni5ed in other recognised gains and losses, unless it reverses a charge for impaimienl that has previously been reeognised as expenditure within the statement of financial acb"vities. A decrease in the carrying amount of an asset as a result of revaluation, is recognisetj in other recognised gains and losses, except to which il offsets any previous revaluation gain, in whch case the Ioss is shown within other recogr>ised gains and losses on the ststemenl of financial activities. Depreciation DepCiatIon is calculated so as lo write off the cost or valu2b.on of an asset, less ils residual value. over the useful economic life of that asset as folbws.. Buildings Fixtures & fittings 4D/o slraighl lir¢e 15QA straight line Impairment of fixed assets A VIeW for indicators of impaimient is carried out al each reporting dale, with the recoverable amount being eslirnaled where such indicalots exist Where the carrying value exceeds the recover8b5e amount. the asset is impaired accordingly. Prior impairments are also reviewed lor possible reversal at each reporting date. For the purposes of impairment testsng, when it is not possible lo estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unil lo which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash Inflows from other assets or groups of assets. For impairment testFng of goodwill, the goodwill acquired in a business eombination Is, from the acquisition date, allocated lo each of the ca5h-generaling units that are expected lo benefit from the synergies of the combination. irrespective of whether other assets or liabilib.es of the charity are assigned lo those units. Financial instruments A financial asset or a Iinancial liability is recognised only when the charity becomes 8 party lo the conlraclual provisions of the instrument. Basic financial instruments are initially recognised al the amount receivable or payable inclyding any related transaction costs. Current assets and current liabilities are 5ubsequenlty measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are 5ubsequenUy measured at amottised cosL Where investments in shores are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expendrture. All other such investments are subsequently measured al cost less impairment. 11
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2020 Accounting policies (cononued) Financial instruments {cortlinuedJ Other finaneial inslrumenls, incl4Jding derivatives, are initially recogni5ed al fair value, unless payment for an asset is deferred beyond normal business tenns Of financed at a rale of interest that is not a market rate. in which case the asset 15 measured al the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured al fair value, with any changes recognised in the sialemenl of financial acb"vilies. with the exception of hedging instruments in a designated hedging relationship_ Financial assets that are measured al cost or amorb.sed cost are reviewed for objective eviden¢e of impaimenl at the end of each reporting dale. If there is objects.ve evidence of impairment, an impaimenl loss is recognised under the appropriate heading in the statement of financial activities in which the inib.al gain was recognised. For all equity instruments regardless of SnIfiCanCe, and other financial assets that are individually significant, these are assessed individually for impaimient. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the exlenl that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaiment not previousty been recognised. Defined contribution plan$ Contributions to defined e0ntn.butn plans ale recognised as an expense in the period in which the related service is provided. Prepaid conlribulions are recognised as an asset to the exlenl that the prepayment will lead to a reduction in future payments or a cash refund When conlribukn'ons are not expected lo be settled wholly within 12 months of the end of the reporting dale in which the employees render the related service, the liability is measured on discounted present value basis. The unwinding of the discount is reeognised as an expense in the period in which it arises. Limited by guarantee The company is limited by guarantee not having a share capital. Donations and legacies Reslricled Total Funds Funds 2020 Reslricled Totsl Funds Funds 2019 Donations Donations 825 825 Grants S.E.E.L.B.-Grants receivable 44.074 44,074 46,496 46,496 46,496 44.899 44,899 46,496 12-
Ballykinlar Cross Community Pre-school Playgroup Limited Company Ltmited by Guarantse Notes to the Financial Statements fconllnuedj Year ended 31 March 2020 Other trading activities Unrestricted Total Funds unstriCted Total Funds Funds 2020 Funds 2019 Fees 4,775 4.775 3,323 3,323 Other Income Unreslricled Total Funds unrestn.cled Totsl Funds Funds 2020 Funds 2019 Other income 1.945 1.945 1,982 1,982 Expenditure on charitable activities by fund type Unrestricted Funds Reslricled Total Funds Funds 2020 Support costs 3,855 57,326 61,181 Unrestncted Funds Reslricled Total Funds Fund5 2019 Support costs 3,548 55,541 59,089 Expenditure on charitsble activities by activity type Total funds 2020 Tot81 fund 2019 Support costs Playgroup projects Property fun(¥ Govemance costs 53,869 5.661 1,651 53,869 5.661 1,651 50,771 6.614 1,704 61,181 61,181 59,089 10. Analysls ofsupport costs Analysis of support costs Total 2020 Total 2019 Staff costs Premises General Governance costs 44,381 10,446 4,703 1,651 44.381 10.446 4,703 1,651 37,215 10,798 9,372 1.704 61,181 61,181 59.089 13-
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Ststements Icontlnuedj Year ended 31 March 2020 11. Net expenditure Nel expenditure Is stated after chargingllcreditingl.. 2020 2019 Depreciation of tsngible fixed assets 5.661 6,614 12. Independent examination fees 2020 2019 Fees payable lo the independent examiner for. Independent examination of the financial statements 1,440 1,500 13. Staff costs The total staff costs and employee benefi15 for the reporting period are analysed as follows". 2020 2019 Wages and salaries Employer conthbulions to pension plans 42.431 826 35,975 505 43,257 36,480 The average head count of employee5 during the year was 412019." 41. The average number of full-lime equivalent employees during the year is analysed as follows". 2020 2019 No. No. Number ol staff - Administrative No employee receive(l employee beneffts of more than £60,000 during the year12019'. Nill. 14. Trustee remuneration and expenses TRUSTEE REMUNERATION Mrs Stephanie Murray, a trustee of the company,is a full time employee of the Charity and wa5 paid remunerats.on of £16,646 in the year lo 31.03.20 {2019.'£15.379}. 15. Transfers between funds No fund transfers were made during the course of the year. 14-
Ballykinlar Cross Community Prechool Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (corttlnued) Year ended 31 March 2020 16. Tangible fixed assets Land and Fixtures and buildings fittings Total Cost At 1 April 2019 and 31 March 2020 Depreciation At 1 April 2019 Charge for the year At 31 March 2020 141,531 20,913 162.444 69.928 5.661 20,912 90,840 5,661 96.501 75.589 20.912 Carrying amount At 31 March 2020 65,942 65,943 At 31 March 2019 71,603 71,604 17. Creditors.. amounts falling due within one year 2020 2019 Accmals and deferred income Social security and other taxes other creditors 2,500 1,200 280 2,500 721 219 3.980 3,440 18. Penslons and other post-retirement benefils Defined ¢ontribution plans The amount recognised in income or expendrture as an expense in relation lo defined contribution plans was £82612019." £505}. 19. Analysis of charitable funds Unrestricted funds At 1 April 2019 At Income Expenditure 31 March 2020 General fund5 15,5501 6.720 13.855) (2.6851 15-
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (¢i)ntinu Year ended 31 March 2020 19. Analysis of charitable funds (continued) Restricted funds Al 1 April 2019 At Income Expenditure 31 March 2020 Restricted Fund 1- P18ygroup projects Reslricled Fund 2 -Property fund 7.860 74,392 44.899 151,665} 15,661} {57,3261 1,094 68,731 82,252 44.899 69,825 20. Analysis of net assets between funds Unrestn"¢led Funds Restricted Total Funds Funds 2020 Tangible fixed assets Current assets Creditors less than 1 year Net assets 65,943 65,943 3,882 {2,6851 67,140 3,882 (2,685} 63.258 3.882 16-