Ballygawley Early Years Ltd IA Company limited by guarantee, not having a share eapital) DIRECTORS, ANNUAL REPORT for the financial year ended 31 March 2023 The directors present t11r Directots. Annual Report. combining the Directors, Report atKI Trustees, Report, and Ihe unaudited financial statements for the finanaal year ended 31 March 2023. The financial statements are prepared in accordancE with the Companies Act 2006. FRS 102 "The Finanoal Reporting Standard applicable in the UK and Republic of Ireland" and A(Lount"ng and Reporting by Charities.. Statement of Recommended Practice applicab to chartbes preparing their financial statements in acE0rdan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The D1CtOrs, Report contains the infonnalion required to be provided in the Directors, Annual Report under the Statement of Re(x)mmended Practice {SORP) guidelines. The director5 of the cornpany are also ch8rity trustees for the purpose of charity law and under the company's constitution are krTh as members of the board oflruslees. In this report the directors of BaIlygabeY Eady Years Ltd present a Smary of its purpose, governance. activities, achievements and finances for the financial year 31 March 2023. The company is a registered charity and hence the report and results are presented in a foffn which cDmplies with the requirements of the Companies Ad 2006 and. although not Oblig to mPlY wth the Statement of Recommended Practi applicable in the UK and Republic of Ireland FRS 102. the organisatson has implemented its recommendations where relevant in these financial statements. Mission. Objectives and Strategy Mission Ststement Ballygawley Eady Years provides p4¢hO01 educalion, play aThJ leaming experiences to children aged 3 and 4 in the Ballygawley area. Children attend playgroup every day for one of either 2 sl0n$ vthich both last 2 hours 30 minutes. Charitable purp¢)se Ballygaw16y Eady Yea[5 Limited's purpose is to promote play based leaming environments for all ¢hildren under statOry school age in Ballygawley and the SuOund1ng environs in County Tyrone without distinction of age. gender. marital slatus, disability, sexual orientation, nationality. ethnic identity, political or religious opinion. by assoaating the statutory auth¢rities. community and voluntary organisations and the inhabitants in a cmMOn effort to advance edu¢alion, and in parb¢ular. (al To advance the education of the beneficiaiies by the provision of safe and satisfying group play, with the rights of parents/car¥ to take responsibility for and to promote the preservation of health to the benefiaaries. Ibl To Support the vision and values of Eady Yea Icl To advan any other exdusively charita>le purpose as the directors may, from time lo time. declde in accordance with the law of charity Public benefit The trustees believe that both elements of the public beneffl requirement are satisfied. The direcl benefit flowng from this purpose is thal thiklren at this stage have a Safe, healthy and sts'mulating environment in which they can learn Ihrough play and each child wll be helped to develop their own unKiue sel of qualities and talents to their full potential. These benefrt5 can be evtdenced by feedback from the parents. by detailed obsetvab'ons and assessments carried out by staff and by external inspections from the education depathent and social services. The purpose of the playgroup beneficial and the is no ham flowtng from the purpose. The beneficiaries of the purpose are the children who attend the playgroup. Preservation of health The benficiaries re1ve a heatth snack durlng their session which encourages healthy eating at a young age, parentsl(zrers are informed of any healrelated infomation relevant to children at this s18ge and the playgroup liaises with social services and other health officials in regard to rnaknng the health and development of children a priority.These benefits can be evidenc by feedbad( from parents. records kept of the children and also by external inspections by social servi$ and other heah officAals. Benefits to trustees A private benefit to trustees and staff may arise from training in good govemance, finance, thild protection. fir51 aid, etc. Through this training, skills and experience are acquired which are transferrdble to other settings. These benefits are incidental and nessary. because to ensure standards of care are achieved the training must be ftjlfilled. Certificates reNed uwn completion are put on public display.
Ballygawley Early Years Ltd IA compaww Ilmtt•d by guarants•. not havlng a sharn PItal) DIRECTORS, ANNUAL REPORT for the finanual year ended 31 March 2023 Financial Review During the yearended 31 March 2023, Ba1lygaeY Eady Years Limited produced a deficit of £73712022- £8,600). Al the year end. Ballygawley Eady Years Limited had lotsl funds of £84.39412022.' £85,131). It is the policy of 8al1ygaeY Eady Years Limtted to retain a level to cover any unforeseen expenditure and allow the charity to continue in operation. The directorsltrustees do not foresee any financial issues in the foreseeable future. Financial Results At the end of Ihe finanryal year the company has assets of £86,591 12022 - £87,226) and liabilities of £2.19712022 - £2.095). The net assets of the company have decreased by £1737). Directors The directors who sefved throughout the financial year. excEpl as noted. Vlere as follows: Mrs. Caroline Buchanan (Appointed 31 Deomber 20221 Mrs. Katie Erskine Mrs. Suzanne Lynch (Appointed 31 Dec£mber 2022) Mr5. Jane McAnenly (Resigned 31 December 2022} Compliance with Se¢tor-Wide Legislation and Standards The company engages prcpactively wth legislation. standards and c()Jes which are developed for the sector. Bally9awley Early Years Ltd 5ubscribe5 to and is complianl wth the following: The Companies Act 2006 The Charities SORP {FRS 1021 Approved by the Board of Dlrectors on 18 December 2023 and slgned on Its behalf by: aro Dlre¢tor Ine Bu¢ . Katie Ersklne Director
Ballygawley Early Years Ltd IA company limlted by guarantee, not havlng a $fvare capltall STATEMENT OF DIRECTORS, RESPONSIBILITIES AND DECLARATION ON UNAUDITED FINANCIAL STATEMENTS for the finaftcial year erKled 31 March 2023 General responsibilities The directors are responsible for preparing the financial statsments in accordance with applicable law and regulations. Company Saw requires the directors to prepare finanaal staternents for each finanaal year. Under that law the directors have elected to prepare the finanaal statements in accordan with United Kingdom Generally Accepted Accounling Practs'ce (United lQngdom Accounting Standards and applicable lawl induding FRS 102 'The Financial Reporting Slandard applicable in the UK and Republic of Irelan(r' Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the company and of the surplus or defictt of the uimpany for that period. In preparing these finanaal statements, the directors are required to: select suitsble accounting policies and apply them consistently- make Ilgements and estimates that are reasonable and pnMlen( state whether the finanaal statements have been prepared in acCrdan bmth the relevant financial reporting framewotk, identify those standards. and note the effert and the reasons for any material departure from those standard5,' and prepare the finanaal statements on the going concem basts unless it is inappropriate to presume that the company will continue in operalion. The directors confinn that they have complied with the above requirements in preparing the finanoal stalements. The directors are responsible for keeping adequate accounting retxfyrds that are sufficient to show and explain the company's transactions and disdose wth asOnable accura at any time the financial position of the company and enable them to ensure that the financial statements comply wth. They are also responsible for safeguarding the assets of Ihe company and hen for tskwig reasonable steps for the prevention and detection of fraud and other irregularities. Dir•¢tors' d•¢laration on unauditsd financial ststements In relation lo the financial statements Comprising Ihe Statement of Finanaal Activities lin¢orporating an Income and Expenditu A¢¢ount}, the Balan Sheet and the related notes: The directors approve these finanaal statements and confim thal Ihey are responsible for them, induding selecting the appropriate accounting policies. applying them consistently and making. on a reasonable and prudent basis, the judgements underlying them. They have teen prepared on the going nCern basis on the grounds that the charity will continue in operation. The directors confinn that they have made availabte to K Magill and Company, Chartered Accountsnts, all the company's ae£ounting re¢ords and provKled all the infomatKJn. books and d0MentS necessary for Ihe Gompilatson of the financial statements. The directors cOnfin that to the best of their knowledge and belief. the aco)unting records fie¢l all the transactions ofthe company for the financial year ended 31 March 2023. Approved by the Board of Directors on 18 December 2023 and signed on its behalf by: aroline Director anan Mrs. Katie E Director ine