Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee statement of Financial Activities {including income and expenditure account) Year ended 31 March 2022 2022 Reslricled funds Total funds Totsl funds 2021 Unreslricled funds Note Income and endowments Oonalions and legacies other trading activities Other income 60,276 60,276 3,679 4,221 45,563 6,535 12.283 3,679 4,221 Total income 7,900 60,276 68,176 64,381 Expenditure Expenditure on charitable activities Total expenditure 3,184 3,184 66,787 66,787 69.971 62.848 62,848 69,971 Net lexpenditurellincome and net movement in funds 4.716 16,511} 11,7951 1,533 Reconciliatlon of funds Total funds brought forward Total funds carried forward 14.1331 583 72,806 68.673 66,878 67,140 68,673 66,295 The slalement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on paggs 7 to 14 fomi part of these financlal statem•nts.
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Statement of Financial Position 31 March 2022 2022 2021 Note Fixed assets Tangible fixed assets 14 56.548 62,691 Current assots Cash al bank and in hand 13,938 9,061 Creditors: amounts falllng due within one year Net ¢urrent assets 15 3,608 3,079 5,982 10,330 66.878 Total assets less current liabilitles 68,673 S8,673 Net assets 66,878 Funds of the charlty Reslricled funds Unrestricted funds 66,295 583 72,806 14,133) 68,673 Total charlty funds 17 66.878 For the year ending 31 March 2022 the charity was entitled lo exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of ils financial statements for the year in question in accordance with se¢lion 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial slaternents have been prepared in accordance with the provisions applicable lo companies subject lo the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 28 February 2023, and are signed on behalf of the board by.. Mrs S Murray Twstee The notss on pages 7 to 14 fom) part of these fin4nclal statements.
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2022 General information The charity is a public benefit entity and a private company limited by guarantee, registered in N. Ireland and a registered charity in Northerri Irel8nd. The address of the registered office 1$ 8 Point Road. BALLYKINLAR, Downpatrick, County Down, 8T30 8AS. Statement of compliance These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicabSe in the UK and the Republic of Ireland., the St8temenl of Recommended Practice applicable lo charities preparing 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. Accountlng pollcles Basis of preparation The financial statements 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, which is the functional currency of the enlily. Golng concern There are no material uncertainties about the charity's ability to Continue. Dlsclosure exemptions No transactions ocurred requiring disclosure under the financial instruments legislation. Judgements and key sources of estimatlon uncertainty There were no items of uncertainty requiring the exercise of judgement. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the Iruslees for particular future project or commitment. Reslricled funds are subjected to reslriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 March 2022 Accounting pollcles (contlnuedj Incoming resour¢¢s All incoming resources are included in the statement of financial activities when enlillemenl has passed lo the charity., il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income. inwme from donations or grants is recognised when there is evidence of enlillemenl to the gift, reeeipl is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and enlillement is established. income from donated goods is measured al the fair value of the goods unless this 1$ impractical to measure reliably. in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities 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 volunteers. income from contracts for the supply of serviees is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resour¢e$ oxpended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which il relates.. expenditure on raising funds includes the costs of all fundraising activities, events. non-charilable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, including those support costs and cos15 relating lo the governance of the charity apportioned lo charitable aclivilies. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitsble activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently slated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded al the fair value at the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2022 A¢countlng policles (¢ontlnued) Tangible assets (continued) An increase in the carrying amount of 8n asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclation Depreciation is calculated so as to write off the cost or valuation of an 8ssel, less ils residual value, over the useful economi¢ life of that asset as follows.. Buildings Fixtures & fittings 40A slraighl line 15D/o straight line 150/0 straight line Impairment of fixod assets A review for indicators of impairment is carried out at each reporting date, with the COVerable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal al each reporting dale. For the purposes of impairment testing, when il is not possible to 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 ¢ash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition dale, allocated lo each of the cash-generating 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. Flnancial Instruments A financial asset or a financial liability 15 recognised only when the charity becomes a party lo the contractual provisions of the instrument. Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs, Current assets and current liabilities are subsequently measured al the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortlsed cost.
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statsments (conllnued) Year ended 31 March 2022 Accounting poll¢ies (condnuedj Financial instruments (contlnued) Where investments in shares are publicly traded or their fair value can othenNise be measured reliably, the inveslrnent is subsequently measured al fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. other financial instruments, including derivatives, are initially recognised al fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not 8 market rate, in which case the asset is measured al the present value of the future payments discounted at a mad(et rate of interest for a similar debt instrument. Other financial instruments are subsequently measured al fair value, with any changes recognised in the statement of financial aclivilies. with the eXpIlOn of hedging instruments in a designated hedging relationship. Financial assets that are measured al cost or amortised cost are reviewed for objective evidence of impairment al the end of each reporting date. If there is objective evidenee of impairment, an impairment loss is recognised under the appropriate heading in the statement of fi'nancial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financi81 assets are either assessed individually or grouped on the basis of similar credit risk characleriskn'cs. 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 impairment not previously been recognised. Defined contributlon plans Contributions lo defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the exlenl that the prepayment will lead to a reduction in future payments or a cash refund. When ¢onlribulions 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 a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The company is limited by guarantee, not having share capital. Donatlons and lega¢ies Unreslricled Funds Restricted Totsl Funds Funds 2022 Donations Donations (FRI 10-
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2022 Donations and legacles (contlnued) Unreslricled Funds Restricted Total Funds Funds 2022 Grants S.E.E.L.B.-Gmnts receivable Early Years- Grants receivable Special Needs Gls Big Lollery fund Equiprllent grants 35,539 11,338 2,063 9,996 1,340 35,539 11,338 2,063 9,996 1,340 60,276 60,276 Unrestricted Funds Reslricled Total Funds Funds 2021 Donations Donations (FRI 8,043 8,043 Grants S.E.E.L.B.-Granls receivable Early Years- Grants receivable Special Needs Gts Big Lollery fund Equipment grants 37,520 37.520 8,043 37,520 45,563 Other trading activities un$1Cted Total Funds Unreslricled Total Funds Funds 2022 Funds 2021 Fees 3,679 3,679 6,535 6,535 Other income Unrestricted Funds Reslricled Total Funds Funds 2022 Other income 4,221 4,221 Unre51ricted Funds Reslricled Total Funds Funds 2021 Other income 547 11,736 12,283 11
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarante8 Notes to the Financial Statements (continued) Year ended 31 March 2022 Expenditure on charitable activitie8 by fund type Unrestricted Funds Reslricled Total Funds Funds 2022 Support costs 3,184 66,787 69,971 Unrestricted Funds Reslricled Total Funds Funds 2021 Support costs 4,146 58,702 62,848 Expendituro on charltable actlvities by activity type Support Total funds costs 2022 Total fund 2021 Playgroup activities Property Fund Governance costs 61,372 6,143 2,456 69,971 61,372 6,143 2.456 55,415 5,661 1,772 62,848 69.971 10. Net (expendlturellincomo Nel lexpenditure)lincome is slated after chargingl{crediting)'. 2022 2021 Depreciation of tangible fixed assets 6,143 5,661 11. Indepondent examlnation fee$ 2022 2021 Fees payable lo the independent examiner for.. Independent examination of the financial stslements 1,500 1,740 12. Staff costs The lolal staff costs and employee benefi'ts for the reporting period are analysed as follows.. 2022 2021 Wages and salaries Employer contributions to pension plans 48.963 1,182 50,145 42,025 847 42,872 -12-
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statsments Icontlnued) Year ended 31 March 2022 12. Stsff costs (¢onllnuedJ The average head count of employees during the year was 312021.. 41. The average number of full-time equivalent employees during the year is analysed as follows.. 2022 No. 2021 No. Number of staff - Administrative No employee received employee benefits of more than £60,000 during the year12021'. Nill. 13. Trustge remuneratlon and expenses Mrs Stephanie Murray, a trustee of the charity, received remuneration of £16,646 in the year to 31.03.202212021.. £16,646) in her capacity as a full lime employee. 14. Tangible flxed assets Land and Fixtures and buildings fillings Equipment Total Cost At 1 Aprll 2021 and 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 141,531 20,913 2,409 164,853 81,250 5.661 20.912 102,162 6,143 108,305 482 86,911 20,912 482 Carrylng amount At 31 March 2022 54,620 1,927 2,409 56,548 62,691 Al 31 March 2021 60,281 15. Creditors: amounts falllng due withln one year 2022 2021 Accruals and deferred income Social security and other taxes Other creditors 2,260 1,342 2,500 465 114 3,608 3,079 16. Pensions and other post-retirement benefits Defined contributlon plans The amount recognised in income or expenditure as an expense in relation to defi'ned contribution plans was £1,18212021'. £8471. 13-
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (conrfnued) Year ended 31 March 2022 17. Analys1$ of charitable funds Unrestricted tunds Al 1 April 2021 At 31 March 202 Income Expenditure General funds 14,133} 7,900 (3,1841 S83 Al 1 April 2020 At Income Expenditure 31 March 2021 General funds 115,112} 15,125 14.1461 14,1331 Restricted funds At 31 March 20 22 At 1 April 2021 Income Expenditure Restricted Fund 1 Playgroup projects Restricted Fund 2 -Property fund 11,5861 74,392 72,806 60,276 1606441 (6,1431 166,7871 11,954)) 68,249 66,295 60,276 At 1 April 2020 At Income Expenditure 31 March 2021 Reslricled Fund 1 Playgroup projects Restricted Fund 2 -Property fund 7,860 74,392 49,256 158,7021 11,586} 74,392 82,252 49,256 (58.7021 72,806 14-
Ballykinlar Cross Community Pre-school Playgroup Limited Company Limited by Guarantee Notes to the Financial Ststements (contlnued) Year ended 31 March 2022 18. Analysls of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 62,691 6,683 13,0791 66,295 62,691 7,266 13.0791 66,878 583 583 Unrestricted Funds Reslricled Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Net assets 65,943 6,864 65,942 6,864 14,1331 68.673 14,1331 14,1331 72,806 15-