Ballygawley Early Years Ltd IA company limitod by guarnt••, not VIng ¥ $h¥r• capiil) DIRECTORS. ANNUAL REPORT for the financial year ended 31 March 2024 The directors present their Dire¢tors' Annual Report, combining the Directors, Report and Trustees. Report, and the unaudited financial statements for the financaal year ended 31 March 2024. The financial statements are prepared in accordance wrth the Companies Act 2(K, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounts'ng and Reporb'ng by Charrties.. Stalement of Recommended Practice appluble to charrties preparin9 treir financial statements in OrdanCe with the Financbal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Diréctors, Report contains the infomiation required to be provhYed in the Directors, Annual Report under the Stalemenl of Recommended Praclr£ (SORPI guidelines. The directors of the company are also charty iruslees for the purpose of charity law and under the company's constrtution are krK)wn as members of the board of Iruslees. In this report the directofs of Ballygawley Early Years Ltd present a summary of rts purpose, govemance, activities, achievements and finances for the financial year 31 March 2024. The MpanY is a registered tharty and he the rewrt and resufts are presented in a fomi which complies wrth the requirements of ihe Companies Act 20( and, atthough not obliged lo compty with the Stalemenl of Rewmmended Practice applicable in Ihe UK and Republic of Ireland FRS 102. the organisation has implemenled ils recommendations where relevant in these financ1 statements. Mi•lon, Obje¢tiVo8 and Strategy Mission Statement Ballygawley Early Years provides pre-school education. play and leaming experiences to children aged 3 and 4 in the Ballygawley area. Children attend playgroup every day for one of either 2 sessions whth bolh last 2 hours 30 minutes. Charitable purpose Ballygawley Earty Years 'mited'S purpose is to promote play based leaming environments for all children under statutory school age in Ballygawley and the surrourKling environs in County Tyrone without distinction of age, gender, marrtal slalus. disabilty. sexual orientation. nat1of1ty. ethnic identity. politiogl or relwJious opinion, by associating the statutory authorrties, cx)mmunity and voluntary organisalions and Ihe inhabrtanls in a common effort to advance education. and in particular". (a) To advance the educalion of the beneficiaries by the provision of safe and satisfying group play. with the rights of parenlslcarers lo take responsibility for and lo promote the preserlation of health lo the benefiuaries. (b) To support the vision and values of Eaty Years Ic) To advance any otr èxdusivaty charrtable purpose as the dire(ors may. from time to time. decide in accordancé with the law of chanty Public benefft The trustees lIeVe that both elements of Ihe public benefit requirement are sab'sfied. The direrA benefrt flowing from this purpose is that children at this stage have a safe. healthy and stimulating environment in whh they can learn through play and each child will be helped lo develop Iheir own unmjue set of quaif(ies and talents to their full potential. These benefits can be evidenced by feedback from the parents. by delailed observalions and assessmenls carried out by staff and by extemal inspections from the education departmenl and social servIs. The purpose of the playgroup is beneficial and there is no hami flowing from the purpose. The beneflarieS of purpose are the children who attend the playgroup. Preservation of health The benfl0arS receive a health snack during their session whi¢h encourages trtalthy eats'ng at a young age. pafentslcarers are infomied of any heatth-felated infom)ation relevant to children at this stage and the playgroup liaises wrth social seNices and other health offioals in regard to making the health and developtrent ofchildren a priority.These benefits can be evidenced by feedbad( from parents. records kept of the chihjren and also by external inspectsons by soaal services and other health offic1$. Benefits to trustees A privat6 benefit to trustees and slaff may arise frwb trainin9 in good governance, finance, chikl protection, first aid, etc. Through this Iraining. skills and experience are acquired whh are transferrable to other settings. These benefits are incKlental and necessary, because to ensure standards of care are achieved the training must be fvlfilled. Certificates received upon complelion are put on public display. Financial Roview During the year ended 31 March 2024, Ballygawley Earfy Years Limited produc&J a defiut of £14,890 {2023 - £73n. At the year end. Ballygawley Eady Years Limited had total funds of £69,504 (2023.. £84,394). It is the policy of Baltygawley Early Years Limrted to retain a level lo cover any Ltnfoieseen expenditure and allow the charty to continue in operation. The directorsnrustees do not foresee any financ1 issues in Ihe foreseeable future.
Ballygawley Early Years Ltd IA ttsmpany limitod by guarantw. not havin9 a $h•r• capital) DIRECTORS. ANNUAL REPORT for the financial year erided 31 March 2024 Financial Results At the end of the financial year the company has assets of £72,1S8 {2023 - £86,591) and liabilities of £2,652 (2023 - £2.197). The net assets of tho company have decreased by £14.890. Dir•ctor8 The directors who serrfed throughoul the financtal year. except as noted. were as follows: Mrs. Caroline Buchanan Mrs. Katie Erskine Mrs. Suzanne Lynch Compliance with Sector-wido Legislation and Standards The company engages pro-actively wilh le9islalion, standards and codes which are developed for the sethor. Ballygawley Early Years Ltd subscribes to and compliant the foll(ywin9'. The Companies Aci 20(6 The Chanties SORP (FRS 102) Approved by the Board of Directors on 6 June 2024 and Signed on its behalf by: . Katie Erskine Director Director
Ballygawley Early Years Ltd IA company limitèd by ouar¥rbtee. not having a shar• capitall STATEMENT OF DIRECTORS. RESPONSIBILITIES AND DECLARATION ON UNAUDITED FINANCIAL STATEMENTS for the finanaal year ended 31 Marth 2024 General respon8ibilitiès The directors are responsible for prepariro the financial statements in acc%)rdance with applicable law and wuklions. Company law requires the directors to prepare financial stslemenls for each finarKial year. UrHJer that law the directors have elected lo prepare the finanlial statements in accordance with Uniled Kingdom Generally Accepted AcUntIng Practice (United Kingdom Accounting Slandards and appluble law) induding FRS 102 -The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" SectKJn 1A (Small Enlities). UrKJer company law the directors must not approve the financial Slatemenis unless they are satisfied that they give a true and fair view of the stale of affairs of the company and of Ihe surplus or deficit of the company for that penod. In preparing these finan¢ial statements, the directors are required to= selecl suitable acUtIng policies and apply them consistently." make judgements and estimates that are reasonable and prudent: state whether the finanaal statements have been prepared in accordance with the relevant fin8ncial reporting framework, Klentrfy those standards. and note Ihe effect and the reasons for any material departure from those standards., and prepare the financial statements on the going concem basis unle&8 it is inappropriate lo pSUrne that the company will continue in operation. The directors confimi that they have complied wth the ab)ve requirements in preparing the financial slatements. The directors are responsible for keeping adequate accountirvJ records that are sufficienl lo show arKI explain Ihe company's Iransactions and disclose with reasonable accurw at any lime the financkgl pOsitn of the company and enable them lo ensure that the financial statements compty with. They are also responsible for safeguarding the assets of the company and hence for taking reasonabbe steps for Ihe prevenlion and detection of fraud and olher irregularities. Directors. declaratlon on unaudited financial statements In relation lo Ihe financial statements comprisin9 the Slatement of Financial Aclivities (incorporating an Income and Expendrture Account). the Balance Sheet arKI the rélated notes.. The directors approve these financAal statements and wnfimi that they are responsible for them, IflUdI selecting the appropriate accounling policies. applying them consistenty and making, on a reasonable and prudent basis. the judgements underlying them. They have been prepared on the going concem basis on the grounds that ttre chanty will continue in opeialion. The directors confimi that they have made available to K Magiif and Company. Chartered Accountants, all the company's accounting records and provided all the infomiation. books and documents necessary for the compilation of the financial statements. The directors confirm thal to the best of their knowledge and belief, the accounts'ng records refiect all the transactions of the company for the financial year erKled 31 March 2024. Approved by the Board of Directors on 6 June 2024 and signed on its behalf by: aroline B(hanan Director Mrs. Katie Erskine Director