COMPANY REGISTRATION NUMBER: N1070413 CHARITY REGISTRATION NUMBER: XR75184 LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limlted by Guarantee Unaudited Financial Statements 31 July 2023 Chartered accountant 35 CHURCH SQUARE BANBRIDGE CO DOWN BT32 4AP
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limited by Guarantee Financial Statements Year ended 31 July 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) Year ended 31 July 2023 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the y8ar ended 31 July 2023. Reference and administrative detalls Reglstered charliy name LAURENcEfowN PRE-SCHOOL PLAYGROUP Charlty registratlon number XR75184 Company registration number N1070413 Prlnclpal oflice and registered Drumnascamph Road offlce Laurencetown Craigavon BT63 6DU The trustees P Mcconnon H Mateer A Mccavigan C Patience H McGoldrlck R McKeown K Murphy F Malone L Walker L McGivern (Appointed 7 November 2022) (Resigned 19 June 2023) (Resigned 11 October 2022) Company secrelary Helen Mateer Independent examiner Seamus Ryan FCA 35 CHURCH SQUARE BANBRIDGE CO DOWN BT32 4AP Structure, govemance and management With effect from 1 st Oclober 2008, Laurencetown Playgroup (an unincorporated association) changed to Laurencetown Pre-school Playgroup (a limlted company by guarantee). The company is governed by its Memorandum and Articles of Association which were adopted on 12th June 2008. It is recognised by HM Revenue & Customs as a charity for tax purposes. The group is managed by a Committee elected at its AGM by members. The Committee consists of no less than five and no more than fifteen elected members. At the AGM there were nine on the Pre-school Playgroup Committee. Membership of the group falls into Categories i.e. 'Family Memb8rs' {parents/carers of all children who attend the group, each family to have one vote and count as one member) and 'Other Members, {other interested individuals, persons or other bodies approved by the Committee).
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limlted by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) (contlnued) Year ended 31 July 2023 Objecllves and acllvllles Laurencetown Pre-school Playgroup exists to achieve the following aims". 1. To create a pury)oseful, stimulating. supportive and safe anvironment for all the children. 2. To motivate and engage the children actively in learning through play. 3. To foster relationships. develop self-confidenc8, and respect of themselves and olhers. 4. To promole and value children's own ideas, thoughts and self-chosen play. 5. To encourage Children to observe, to experiment, to ask and respond to questions, to reason. imagine and expr8ss feelings and ideas. 6. To prepare the children for a smooth transfer lo primary school. The Pre-school playgroup employs Iwo staff members to help activate these aims i.e. the pre-school Playgroup Leader and Pre-school Deputy Leader. Tha Pre-school group operates five days per week during temi time from 9.00 am until 12 noon and can accommodate up to sixteen chibjren in any one session who are in their Pr8-school year. Staff prepare daily and weekly activily plans to ensure that all areas of leaming outlined in the Department of Education's 'Curricular Guidance for Pre-school Education, are covered. Thg Playgroup OFerat8s two afternoons per week during term timg from 1.00 pm until 3.30 pm and can accommodate up to enty-fOUr children over the age of years and ten months. In the current year of 2023124, there are 16 chiklren enrolled in the pre-school with currently 16 children enrolled in the afternoon session. There are currently 2 full time members of stafl. Achlevements and perforniance This has been another successful year for Laurencetown Pre-school Playgroup with 32 children registered wtth the group in the year to 31 July 202. During the year there were 16 children registered for the Pre-school provision and 16 for the separate playgroup which commenced in November 2008. The Pre-school Playgroup was inspected by Social SeNices in May 2023. The inspection went very well with no recommendations for improvement. Flnanclal revlew The period under review has seen the Playgroup suffer a deficit of £139. Our main sources of annual income are from the Department of Education's Pre-school Education Expansion Programme, Southern Health and Social Care Trust's Grant to Early Years Providers, fees from parents of children not entitled to a 'free' place and fundraising activities. Plans lor future perlods The Pre-school Playgroup is constantly trying to improve the quality of service it offers by building upon its achievement to date. The quality and extent ol provision on offer is alfected by the funding available to it, partlcularly funding in relation to salaries. Subjecl to this funding, the Playgroup will continue to work on any issues identified by CAPS Specialist Support Advisor.
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Llmlted by Guarantee Truslees, Annual Report (Incorporating the Dlrector's Report) (contlnued) Year ended 31 July 2023 Small company provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees. annual report was approved on 23 October 2023 and signed on behatf of the board of Irustees by: Helen Mateer Charity Secretary
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limited by Guarantee Independent Examiner's Report to the Trustees of LAURENCETOWN PRE- SCHOOL PLAYGROUP Year ended 31 July 2023 I report to the trustees on my examinatlon of the financial statements of LAURENCETOWN PRE- SCHOOL PLAYGROUP ('the chariw) for the year ended 31 July 2023. Responslbllftles and basls ol report As the trustees of the company (and also its directors for the purposes of company law> you are responsible for the preparation of the financial statements in accordance wlth the requirements of Charities Act (Northem Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 Ilhe 2006 Act.). You are satisfied that Ihe accounts of the company are not required by charity or company law to be audited and have chosen Instead to have an independent examination. Having satlsfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's flnancial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the 2008 Act. Indepondent examlner's ststement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. or the financial stalements do not accord with Ihose records; or the financial Statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ttrue and fair view which is not a matter considered as part of an independent examination. or the flnancial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Praclice for accounting and reporting by charities applicable to charities preparing iheir accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102). I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Seamus Ryan FCA Independent Examiner 35 CHURCH SQUARE BANBRIDGE CO DOWN BT32 4AP
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limited by Guarantee Statement of Financial Actlvltles (including Income and expenditure account) Year ended 31 July 2023 2023 Restr[ed lunds Tolal funds Total funds 2022 Unrestricted funds Nole Income and endowmenls Donations and legacies Olher trading activities Total income 39,327 39,327 12.782 62,862 15,116 77,978 12,782 12,782 39,327 52,109 Expendlture Expenditure on raising funds: Costs of raising donations and legacies Total expendlture 7,729 7,729 44,521 44,521 52,248 52,248 82,920 82,920 Nel expenditure and not movement in funds 5,053 (5,194) (139> (4,942) Reconclllation of funds Total funds brought fomrd Total funds carrled forward 24,662 29,715 24.662 29,604 24,662 15,194) 24,521 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notés on pag8$ 7 to 15 fomi part of these financial statements.
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limited by Guarantee Statement of Financial Position 31 July 2023 2023 2022 Note Fixed assets Tangible fixed assets 12 1,074 1,432 Current assets Debtors Cash at bank and in hand 13 458 23,591 24,049 417 24,253 24.670 Creditors: amounts falling due within one year Net current assets 14 600 1,440 23,230 24.662 24,662 23,449 24,523 Total assets less current liabilities Net assets 24,523 Funds of the charity Unrestricted funds 24,521 24,521 24,662 24,662 Total charity funds 18 For the year ending 31 July 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance wtth section 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 statements have been prepared in accordance with the provisions applicable to companies subject to the Small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 23 October 2023. and are signed on behalf of the board by.. P Mcconnon Trustee H Mateer Trustee The notes on pages 7 to 15 form part of these financial statements.
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limited by Guarantee Notes to the Financlal Statements Year ended 31 July 2023 General Informatlon The charity is a public benefit gntity and a private company limlted by guarantee, registered in Northern Ireland and a registered charity in Northem Ireland. The address of the registered office is Drumnascamph Road, Laurencetown, Craigavon, BT63 60U. Statement of compllance These financlal stalements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard appllcable in the UK and the Republic of Ireland,, the Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 102) {Charities SORP {FRS 102}l and the Companies Act 2006. Accountlng pollcles Basls of preparalion The financial statements have been prepared on the historical cost basis, as modifi8d by the revaluation of Certain financial assels and liabilities and investment properties measured at fair value through income or expenditure. The financlal statements are prepared in sterling, which is the functional currency of the entity. Going GonGarn There are no material uncertalntles about the Gharty's abllity to continue. Disclosure exemptions The entity satisfies th8 criterla of being a qualifying enity as defined in FRS 102. Its financial statements are consolidated Into the financial statements of {enter name of group financial statements) which can be obtalned from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: Judgements and kay sourcès ol estlmalion uncertainty The preparation of the financial statements requires management to make judgemenls, estimates and assumptions that affect Ihe amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectalions of future events that are believed to be reasonable under Ihe circumstances.
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limlted by Guarantee Notes to the Financlal Statements (¢ontlnued) Year ended 31 July 2023 Accounting policies feontlnued) Fund accounllng 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 earmarf(ed by the Iruslees for particular 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 lall into one of iwo sub-classes: restricted income funds or endowment funds. Incoming resources All incoming resources are included in Ihe statemenl of financial activities when entitlement has passed to the charity. it is probable that the economic benelils associaled with Ihe Iransaction will flow to th9 charity and the amount can be reliabty measurgd. The following specific policies arg applied to particular categories of income: income from donatlons or grants is recognised when there is evidence of entitl8ment to the gift, receipt is probable and its amount can be measured reliably. legacy Income is recognised when receipt is probable and entitlement is established. income from donated goods 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 valu8. 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 cantracts for the supply of seNices is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspenl. in which case it may be regarded as restricted.
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Llmited by Guarantee Notes to the Flnancial Slatements (contlnued) Year ended 31 July 2023 Accounling pollclas Icontlnued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expendlture includes any VAT which cannot be fully recovered, ancl is classified under headings of the statement of flnanclal activities to which it relates: expenditura on raising funds includes the costs of all fundraising activitles. events, non- charitabla trading activities, and the sale of donated goods. expenditure on charilable activities includes all costs incurred by a charity In undertaking activities that further its charitable aims for the benefit of its beneficiari8s, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activlties. All costs are allocated to expenditure categories reflecting the usg of the resource. Direct costs attributable to a single activity are alloGated direcity to that activity. Shared COSIS are apportioned between tha activities they contribute to on a reasonable, lustifiable and consistent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciatlon and impaimient losses. Any tangible assets Carried at revalued amounts are recorded at the fair value al the dale of revaluatlon less any subsequent accumulated depreclation and subsequent accumulated impairment losses. 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 impairment that has previously bèen 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 r8cognised gains and losses, except to which it offsets any previous revaluation gain, in which cas8 the loss is shown within other recognised gains and losses on the statement of financial activilies. Depreclatlon Depreciation is calculated so as to write off Ihe cost or valuation of an asset, less its residual value, over the useful economlc life of that asset as follows: Fixtures and fittings 250/0 reducing balance Impairment of lixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicaiors exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limited by Guarantee Notes to the Flnancial Statements (contlnuedj Year ended 31 July 2023 Accounllng pollcies (Conllnued) Impalrment of flxed assets (Conlimd) For the purposes of impairment testlng, when it is not possible to &stimate the recoverable amount of an individual asset, an estimate is made of the r8COV8rable amount of the cash- generating unit lo which the asset belongs. The Cashenerating 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 testing of goodwill, the goodwlll acquired in a business combination is, from the acquisilion date, allocated to each of the cash-generating units that are axpected to benefit from the synergies of the combination, irrespective of whelher other assets or liabilities of the charity are assigned to those units. Government grants Governmeni grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified future performanc8-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on th9 fecipient, it is recognised in income only when thè performance-related conditions have been mel. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a Flnanclal Instruments A financial asset or a financial Ilability is recognised onty when the charity becomes a paty to the contractual provisions of the instrument. Baslc financial Instruments are Inttlally recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequenlly measured at lair value with changes in fair value recognised in income and expendilure. All other such investments are subsequenlty measured at cost less Impalrment. Other financial instruments, including derivatives. are initially recognised at falr value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the presenl value of the future payments discounted at a mark8t rate of interest for a similar debt instrumenl. 10
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limited by Guarantee Notes to the Flnancial Statements (continued) Year ended 31 July 2023 Accountlng pollcies (contlnued) Financial Instruments (¢ontlnued) Other financial instruments are subsequently measured at fair value, with any changes recognised in tha statement of financial activities. with the exception 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 at the end of each reporting date. If there is oblective 8vidence of impaimient, an impairment loss is recognised under Ihe appropriate headlng in the Statement of financial activities in which the inilial gain was recognised. For all equity instruments regardless ol significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other f inancial assets ar6 either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals ol impairment are recognis8d immediately, to the extenl that the reversal does not resuEt in a carrying amounl of Ihe financial asset that exceeds what the carrying amount would have been had the impalrmenl not previously been recognised. Defined contribution plans Contributions to deflned contribution plans are recognised as an expense in the period In which the related seNlce Is provlded. Prepaid contributions are recognised as an asset to the exlent that the prepayment will lead to a reduction in future payments or a cash refund. When contrlbutions ar8 not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is rgcognised as an expense in the period in which It arises. Limited by guarantee Laurencetown Pre-school Playgroup is a company limtted by guarantee and accordingly does not have a share capital. Every member of the company und8rtakes to contribute such amount as may be required not exceedlng £1 to the assets of the charitable company in the ev8nt of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. Donatlons and legacies Restricted Total Funds Funds 2023 Restricted Total Funds Funds 2022 Grants EAS -Government grant Income Awards for All 38,488 839 38,488 839 57,929 4,933 62,862 57,929 4,933 62,862 39,327 39,327 11
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limited by Guarantee Notes to the Financial Statements (wnunued) Year ended 31 July 2023 Other tradlng actlvities Unreslricted Totsl Funds Unrestricted Total Funds Funds 2023 Funds 2022 Fees Fundraising events 10,925 1,857 10,925 1,857 12,782 14,065 1,051 15,116 14,065 1,051 15,116 12.782 Costs of ralslng donatlons and legacles Unrestricted Funds Restricted Total Funds Funds 2023 Wages and salaries Pension ¢osts Rent Repairs & maintenance Insurance Early Years Subscription Office Postage & Stationery Depreciation Accountancy Sundry Provisions & Refreshments Bank Charges Equipment 3,725 31,708 1,042 5,458 216 674 1,612 35,432 1,042 5,458 941 674 1,612 85 358 1,800 899 3,784 163 725 85 358 1,800 456 1,197 443 2,590 161 7,729 44,521 52,248 Unrestricted Funds f4estricted Total Funds Funds 2022 Wages and salaries Pension costs Rent Repairs & maintenance Insurance Early Years Subscriptlon Office Postage & Stationery Depreciation Accountancy Sundry Provisions & Refreshments Bank Charges Equlpment 43,557 2,004 5,000 43,557 2.004 5.000 3.043 588 1,301 65 477 1,680 2,828 6,403 178 15,798 82.920 3,043 588 1,301 65 477 1,680 2,423 281 403 6,123 178 601 15,196 72,030 10,890 12
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limited by Guarantee Notes to the Financial Statements (Contlnued) Year ended 31 July 2023 Nel expendlture Net expenditure is stated aftor chargingl(crediling): 2023 2022 Depreciation of langible fixed assets 358 477 Independent examlnation lees 2023 2022 Fees payable to the independent examiner for: Independent examination of the financial statements 500 500 10. Slaff cosls The total staff costs and employee benefits for the reporttng period are analysed as follows: 2023 2022 Wages and salaries Employer contributions to pension plans 35,432 1,042 43,557 2,004 36,474 45,561 The average head count of employees during the year was 2 {2022.' 31. The average number of full-time equivalent employee8 during the year is analysed as follows.. 2023 No. 2022 No. Number of staff - type 1 No employee received employee benefits of more than £60,000 during the year12022: Nil). 11. Truslee remuneration and expenses No remuneration was received by the trustees during the year. 13
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Limited by Guarantee Notes to the Financial Statements (conNnued) Year ended 31 July 2023 12. Tangible fixed assets Fixtures and fittings Cost Al 1 August 2022 and 31 Juty 2023 Depreciation Al 1 August 2022 Charge for the year At 31 July 2023 Carrylng amount Al 31 July 2023 At 31 July 2022 6.052 4,620 358 4.978 1,074 1,432 13. Debtors 2023 2022 Prepayments and accrued income 458 417 14. Creditors: amounls falllng due wlthln one year 2023 2022 Trade creditors Accruals and deferred income 600 601 839 600 1,440 15. Deferred income 2023 2022 At 1 August 2022 Amount released to income Amount deferred in year At 31 July 2023 839 1839) (4,9331 5,772 839 16. Pensions and other post retirement benefits Deflned contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1.04212022: £2,004). 14
LAURENCETOWN PRE-SCHOOL PLAYGROUP Company Llmited by Guarantee Notes to the Flnanclal Statements (continued) Year ended 31 July 2023 17. Government grants The amounts recognised in the financial statements for government grants are as follows: 2023 2022 Recognised in creditors- Deferred government grants due within one year 839 18. Analysis of charitable funds Unrestricted funds At 1 August 202 Income Exp9nditure Transfers 31 July 2023 General funds 24.662 12,782 {7,729} (5,194) 24,521 Restrlcled funds At 1 August 202 At Transfers 31 July 2023 Income Expenditure Restrlcted Fund 39,327 {44,521) 5,194 19. Analysis of net assets between funds Unrestricted Total Funds Total Funds Funds 2023 2022 Current assets 24,523 24,523 24,662 15