Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee ststement of Financial Activities (including income and expenditure account) Year ended 31 March 2021 2021 Restricted funds Total funds Total funds 2020 Unrestricted funds Note Income and endowments Donations and legacies Other trading aebvities Other income 8,043 6,535 547 37,520 45.563 6.535 12,283 64,381 44,899 4,775 1,945 11,736 Total income 15.125 49,256 51,619 Expenditure Expenditure on charitable acts'vilies Total expendlture 4,146 58,702 62.848 61.181 4,146 58,702 62.848 61,181 Net incomellexpenditurel and net movement in funds 10,979 19,446) 1,533 19,5621 Reconciliation of funds Total funds brought forward Total funds carried forward 115,112) (4.133) 82,252 72,8C 67,140 68,673 76,702 67,140 The slalement of financial activities includes all gains and losses recognised in the year. l income and expenditure derive from continuing aclivilies. The notes on pages 7 to 15 fomi part of these financial statements. Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Statement of Financial Position 31 March 2021 2021 2020 Note Fixed assets Tangible fixed assets 15 62,691 65,943 Current assets Cash at bank and in hand 9,061 5.177 Creditors: amounts falling due withln one year Net current assets 16 3.079 3,980 1,197 5.982 Total assets less current liabillties Net assets 68,673 68,673 67.140 67,140 Funds of the eharity Reslricled funds Unreslrieled funds 72.806 14,133) 68,673 69,825 12,6851 67,140 Total charity funds 18 For the year ending 31 March 2021 the chanty was ent￿ed lo exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors. ￿spOnSIbl11t1es'. The members have not required the company to obtsin an audit of its financial statements for the year in question in accordance with sects.on 476-, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and the preparab'on of financial statements. These financial statements have been prepared in accordance with the provisions applicable lo eompanies subject to the Small companies. regime. These financial statements were approved by the t)oard of Iruslees and aulhorised for issue on 17 December 2021, and are signed on behalf of the board by". Mrs S Murray Mrs T Mcmullan Trustee Trustee The nates on pagè¥ 7 to 15 form part of these financial statements. Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2021 General information The charity is a publi¢ benefit enlrty and a private company limited by guarantee, registered in N. Irelané and a registered charity in Northern Ireland. The address of the registered office is B Point Road, BALLYKINLAR, Downpalrick, County Down, BT30 8AS. Statement of compliance These financial statements have been prepared in compliance wlh FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable lo charities p￿parIng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting policies Basi5 of preparation The financial statements have been prepared on the historical cost b85is, as modified by the revaluation of certain financial assets and liabilities and investment properb.es measured al fair value through income or expenditure. The financial statements are prepared in sterling. which is the functsonal currency of the entity. Going concgrn There are no material uncertainties aboul the charity's abilrty to continue. Dlsclosure exemptions No transactions ocurred 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 Unrestricted funds are available for use at the discreb.on of the trustee5 to further any of the charrty's purposes. Designated funds are unrestricted funds eamarked by the trustees for parb"cular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. reslricled income funds or endowment funds. Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2021 Accounting policies (conllnuedj Incoming resourees All incoming resources are included in the statement of financial activities when enlitlemenl has passed to the charity". it Is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies a￿ applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of entittemenl to the gift, ￿CeIpt is probable and its amount can be measured reliably. legacy income is recogni5ed when receipt is probable and enlitlemenl is established. income from donated goods is measured al the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost lo the donor or the estimated ￿Sale value. Donated facilitie5 and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunleeis. income from contracts for Ihe supply of services is recognised with the delivery of the contracted service. Thi5 is classified as tjnreslricted funds unless there is a contractual requirement for il lo be spent on a particular purpose and retumed if unspent, in which case il may be regarded as oslricted. ReSoU￿eS expended Expenditure is recognised on an aceruals basis as a liability is incurred. Expenditure includes any VAT.which cannot be fully ￿covered, and is classified under headings of the statement of financial activities lo which it relates. expenditure on raising funds includes the costs of 811 fundraising acb'vilies, events. non-charitable trading aclivib'es, and the sale of donated goods. expenditure on eharilable activities includes all costs incuffed by a charity in undertaking actyvities that further its charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned lo charitable aclivilies. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditure on charitable activities. All Costs are allocated to expenditu￿ categories reflecting the use ol the resource. Direct costs attributable lo a single activity are allocated directly to that aclivily. Shared cosls are apportioned between the activities they contribute to on a reasonable, justifi'able and consislenl basis. Tangible assets Tangible assets are inibally recorded at cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequenl accumulated impairment losses. Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (¢on¢inued) Year ended 31 March 2021 Accounting policies (cotrjtinued) Tangible assets (COn&nu8dJ An increase In the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impaim)ent that has previously been recognised as expenditure within the slalemenl of financial activities. A decrease in the carrying amount of an asset as a resurt of revaluation, is recognised in other recognised gains and losses, except lo which il offsets any p￿vIouS revaluation gain, in which case the loss is shown within other reco9nised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cosl or valuation of an asset, less ils residual value, over the useful economic lrfe of that gssel as follows.. Buildings Fixtures & frttings 4% slraighl line 15'h slraighl line Impairment oi fixed assets A review for indiealors of impaimient is carried out at each reporting dale, with the recoverable arnounl being esbmaled where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accorttingly. Prior impaimienls are also reviewed for possible reversal at each reporb.ng dale. For the purposes of impairment le51ing, 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-generaling unrfc lo which the asset belongs. The cash-generaling unit is the smallest idenlrfiable 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 lesling of goodwill, the goodwill acquired in a business combination is, from the acquisition dale, allocated to each of the cash-generaling units that are expected lo benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned lo those units. Financial instruments A financial asset or a financial liability is recognised only when the Charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are inFtially recognised at the amount receivable or payable including any related transaction costs. Current assets and Current liabilities are subsequendy measured al the cash or other consideration expected to be paid or re￿iVed and not discounted. Oebl instruments are subsequently measured al amorb.sed cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the inve51menl is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantse Notes to the Financial Statements (conlirtued) Year ended 31 March 2021 Accounting policies Flnancial instruments f¢ontinu¢dJ Other financial inslrumenls. including derivatives. are initially recognised al fair value. unless payment for an asset is deferred beyond nomal business terms OT financed al a ote of interest that is not a market rate. in which case the asset Is measured at the present value of the future payments discounted al a market rate of Inte￿St for a similar debt instrument Other financial inslrurnenls are subsequently rneasu￿d at fair valLJe, with any changes recognised in the slalemenl of financial acb"vities. with the ex¢eplion of hedging instruments in a designated hedging ￿latIOnshIp. Financial assets that are measured at cost or amortised cost are rev¢ewed for objective evidence of irnpairmenl al the end of each reporting d8te. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the slalemenl of financial actNlties in which the initial gain was recognised. For all equity instruments regardless of sKJnificance. and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characlerislics. Any reversals of impairment are recognised imme(liately. 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 impairment not previously been recognised. Defined contribution plans Contributions lo defined contn"bulion plans are recognised as an expense in Ihe period in which the related service is provided. Prepaid contributions are reeognised as an asset lo the extent that the prepayment will lead lo a reduction in future payments or a cash refund. When contributions are not expected lo be sett(ed wholly wtthin 72 months of the end of the reporting dale in which the employees render the related service, the liability is rneasured on a discounted present value basis. The unwinding of the diseounl is recognised as an expense in the period in which Il arises. Limited by guarantee The company is limited by guarantee. not having share capital. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2021 Donations Donations 8.043 8,043 Grants S.E.E L.B.-Grants receivable 37,520 37,520 37,520 45,563 8,043 10- Ballykinlar Cross Community Preschool Playgroup Limited Company Limited by Guarantee Notes to the Financial Ststements Iconbnuedj Year ended 31 March 2021 Donations and legacies (continuedj unresth.cled Funds Restncted Total Funds Funds 2020 Donations Donations 825 825 Grants S.E.E.L.8.-Grants receivable 44,074 44,074 44,899 44.899 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 Fees 6.535 6,535 4,775 4,775 Other income Unresthcted Funds Restricted Total Funds Funds 2021 Other income 547 11.736 12,283 Unrestricted Funds Restricted Total Funds Funds 2020 Other income 1,945 1,945 Expenditure on charitable activities by fund type Unrestricted Funds Restn"cled Total Funds Funds 2021 Support costs 4.146 58,702 62,848 Unreslricled Fund5 Restricted Total Funds Funds 2020 Support costs 3,855 57,326 61,181 11 Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (tontinuedj Year ended 31 March 2021 13. Staff costs (¢onlinuedJ Expenditure on charitable activities by activity type Support Totsl funds cos15 2021 Total fund 2020 Playgroup Property fund Govemance costs 55.415 5.661 1.772 55.415 5,661 1.772 53,869 5,661 1,651 62,848 62.848 61,181 10. Analysis of support costs Total 2021 Total 2020 Staff costs General running Premises Governance eosts 44,381 6.989 9.706 1,772 44,381 4,703 10,446 1,651 62,848 61.181 Included in general running costs was an amount of £2,679 relating lo essential expendrture necessitated by the covid pandemic. 11. Net incomel{expenditure) Nel incomellexpenditurel Is slated after charginglleredilingl.. 2021 2Q20 Depreciation of tsngible fixed assets 5,661 5,661 12. Independent examination fees 2021 2020 Fees payable lo the independent examiner for.. Independent examination of the financial statements 1.440 1,440 13. Staff costs The total staff costs and employee benefits for the reporting period are an8lysed as follows.. 2021 2020 Wages and salaries Employer contributions to pension plans 42.025 42,431 826 42.872 43,257 12- Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantse Notes to the Financial Statements iconthuedl Year ended 31 March 2021 13. Staff costs (conllnu8dJ The average head count of employees during the year was 312020.. 41. The average number of full-litne equivalent employees during the year is analysed a5 follows-. 2021 No. 2020 No. Number of staff - Administrab"ve No employee received employee benefits of more than £60,000 during the year {2020." Nill. 14. Trustee ￿muneratIon and expenses Mrs Stephanie Murray, a trustee of the chanty, received remuneration of £16,646 12020." £16,646) in her capacty as a full time employee of the charity. 15. Tangible fixed assets Land and Fixtures and buildings fittings Equipment Total Cost Al 1 April 2020 Additions 141.531 20,913 162,444 2,409 2,409 At 31 March 2021 141,531 20.913 2,409 164.853 Depreciation Al 1 April 2020 Charge for the year At 31 March 2021 75,589 5.661 20,912 96,501 5,661 81,250 20.912 102,162 Carrying amount At 31 March 2021 60.281 2,409 62,691 At 31 March 2020 65.942 65,943 16. Credltofs: amounts falling due within one year 2021 2020 Accruals and deferfed income Social security and other taxes Other creditors 2,500 465 114 2,500 1,200 280 3,079 3,980 17. Pensions and other post-retirement benefits Defined Contribution plans The amoLFnt recognised in income or expenditure as an expense in relation to defined contnbulion plans was Nil12020'. £826). 13- Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements Icoritinued) Year ended 31 March 2021 18. Analysis of charitable funds Unrestricted funds At 31 March 20 21 Al 1 April 2020 Income Expenditure Gener81 funds {2,685} 15,125 14,146) 8,294 Al 31 March 20 20 At 1 April 2019 Income Expenditure General funds 15,550} 6.720 13.8551 12,6851 Restricted funds At 31 March 20 21 At 1 April 2020 Income Expenditure Reslricled Fund 1 - Playgroup projects Restricted Fund 2 -Property fund 14.567) 74.392 49,256 {53,0411 15,6611 158,702} 18,3521 68,731 60,379 69,825 49.256 At 31 March 20 20 Al 1 April 2019 Income Expenditure Restricted Fund 1 Playgroup projects Reslri¢ted Fund 2 -Prtspety fund 7,860 74,392 44,899 151.665) (5,6611 157,3261 12.6851 72,510 82,252 44,899 69.825 14- Ballykinlar Cross Community Pre￿ChoOl Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (contlnugdj Year ended 31 March 2021 19. Analysi5 of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Net assets 65,942 6.864 65,942 6,864 {4.133} 68,673 14,1331 14.1331 72,806 unrestn.cted Funds Reslricled Total Funds Funds 2020 Tangible fixed assets Current assets Creditors less than 1 year Net assets 65.943 65,943 3,882 12,6851 67,140 3,882 12,6851 63,258 3,882 -15-