NI CHARITY NO. 100921 CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 CONTENTS PAGE General Information Annu31 Report of the Trustees Independent Examiner Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-13 CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 GENERAL INFORMATION CHARITY NAME CARRICK PRE-SCHOOL REGISTERED CHARITY NUMBER Charity Commision Nl NIC 100921 Registered - 30 October 2014 CHAIRPERSON Eamonn McGovern CHARITY TRUSTEE'S Noel McC3rthy- Treasurer David Craughwell Leanne Mallon Karen Todd Cathy Fegan Michelle Khan Brian Walsh Laura McManu5 Kerri Farrell Clare Brasbury Maria McKinley Clara Rafferty Erinn Murphy Erin Carr Una Doyle REGISTERED OFFICE 7A Sandry Road Newry Co Down BT34 2LB INDEPENDENT EXAMINER McPolin & Murdock ICAI Ltd 76a Main Street Ca5tlewellan BT319DL BANKERS First Trust 42-44 Hill Street Newry Co Down BT34 IAR CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ANNUAL REPORT OF THE TRUSTEES The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. The trustee's have adopted the provisions of the Statement of Recommended Practice ISORP} 'Accounting and Reporting by Charities,, effective January 2015. Reference and Administrative Information The name of the charity's trustees at the date thi5 report was approved are listed on page 3. together with the address of the principal office of the charity and the charity's registration num bers. Structure, Governance and Trustees Carrick Pre-school is a charity registered with the N I Charities Commission (October 20141, Charity Number 1009213nd is involved in a range of activities that provide education to young children under the statutory school age within the Newry & Mourne area. Education is provided primarily through the means of play based learning encompassing a range of social, personal, intellectual and physical development skills and activities. Recruitment and Appointment of Management Committee Membership of the Initiative is open to the following, irrespective of the ethnic identity, age, gender, sexual orientation, nationality, class and marital status, political or religious opinion. The management committee is primarily made up of the parents of children who attend the preschool. The Committoe consists of a Cha irperson, Treasurer and additional mem bers. All positions are elected annually at the Charities AGM. Organi5ational Strurture The policy and general management of the affairs of the Initiative shall be directed by the Committee which shall meet periodoically throughout the year and are elected at the Annual General Meeting. Aside from the management committee the organisation has operational staff including a general manager and play school support staff. Reserves Policy The Trustees have not set a minimum level of reserves higher than the amount required for it5 fixed asset investments. The Trustees regularly review the level of reserves held and consider opportunities to apply them in line with, and in furtherance of, its charitable objectives. CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ANNUAL REPORT OF THE TRUSTEES ICONTINUEDI Responsibilitles of Trustees As the charity's trustees we are aware of our responsible for the preparation of the account5 in accordance with the Charitie5 Act (Northern Ireland} 2008. It is also our responsibility to.. Select suitable accounting policies and then apply them consistently make judgements and estimates that are responsible and prudent prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the f inancial statements comply with CCNI guidelines. The Trustees are also responsible for safeguarding the assets of the charity and hence to take reasonable steps to prevent and detect fraud and other irregularities. Disclosures of Information to Independent Examiners To the knowledge and belief of the Trustees there is no relevant information of which the organi5ation's independent examiners are not aware. The Trustees have taken all the necessary steps of which they are aware, provided relevant information and established that the organis3tion's independent examiners are aware of the information. Tax Status Under Section 505 lillal and Icl of the Income and Corporation Taxes Act 1988, Carrick Pre-school is entitled to the charity tax exemption. Signed on behalf of the board of the Trustees Eamonn Chairpe 1109 2025 overn Noel Mcca Treasurer 1109 2025 on CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 I report on the financial statements of Carrick Pre-school for the year ended 31st August 2023 which comprise the statement of financial activities, the balance sheet and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies. Respective responsibilities of theBoard of Trustees and the Independent Examiner As the Charity's members you are responsible for the preparation of the Accounts and you consider that the audit requirement of Section 65131 of the Charities Act INI) 2008 (the Act) does not apply. It is my responsibility to state whether particular matters have come to our attention as a result of examining the financial statements. Basis of Independent Examiner's Statement My examination was carried out in accordance with general directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Account5 presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking explanations from you as members concerning any such matters. The procedures undertaken do not provide 211 the evidence that would be required in an audit, and consequently we do not express an audit opinion on the Accounts. Independent Examlnerfs Statement In the course of my examination, no matter has come to my attention:_ lil Which gives me reasonable cause to believe that, in any material respect, the requirements: to keep accounting records in accordance with Section 63 of the Charities Act INI) 2008. to prepare Accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or lill to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached. Gavan Murdock F.C.A McPolin & Murdock {CA) Ltd 76a Main Street Castlewellan Co Down BT319DL Date: 1109 2025 CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 STATEMENT OF FINANCIALACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) Year to Yearto 31 Aug-23 TOTAL 31-Aug-22 TOTAL Unrestricted Restrirted Unrestricted Restrlrted Note Income and endowment5'. Donations Fundraising Charitable Activities Grants Insurance Claim JRS Grants 976 976 3,780 900 3,780 900 5,378 10,070 64,311 5,378 10.070 67,268 9,554 50,491 9,554 60,991 2,957 500 Total Income 80,73S 2,957 83,691 74,725 500 75,225 Expenditure on: Costs of Generating funds; Charitable Activities Governance Costs Total Expenditure: 74,453 2,957 77,410 69,663 500 70,163 74,453 2,957 77,410 69,663 soo 70,163 Net movement in funds 6,282 6,281 5,062 5.062 Reconciliation of funds: Total Funds brought forward 41,315 6,490 47,805 36,253 6,490 42,743 Total Funds carried forward 47,597 6,490 54,086 41,315 6,490 47,805 The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resource5 expended derive from continuing activities. CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 BALANCE SHEET 2023 2022 Note Fixed Assets Tangible Fixed Assets 7,366 7,366 8,666 8,666 Current Assets Cash at bank 46,718 46,718 39,139 39,139 Net Current Assets 46,718 39,139 Long Term liabilities Government Grant Total Assets 54,085 47,805 Funds Restricted Unrestricted 6,490 47,598 6,490 41,316 TOTAL FUNDS 54,087 47,806 The financial statements were approved by the board Trustees on 1109 2025 and were signed on their behalf by.. Eamon Chairperson 1109 2025 vern Noel Mccarthy Treasurer 1109 2025 The notes on pages 9 to 13 form part of these accounts. CARRICK PRE-SCHOOL FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGVST 2023 NOTES TO THE ACCOUNTS I AcLountin lal Accounting Convenlion The finanriAI staletTrenl& have been Pl¢Pal¢d in 3LLurdAnce with Aciounliiig and Reportliig by Chèiities.- Statemtnt of R*commended Pia(liCE applicable to chaiili¥s pi¥parin8 th*.Ir ariounts in acioidance with the FinahLial Reportlng siandard applichblE in the UK and Republic of Ireland Charities SORP 2015 IFRS 1021, and the Companies Art 2006. The finani.ial st3lemèiilS are piepaied on a 8Oing confeffl basi5 under the historical cost convention. The financial 5tdtvments ore pii'sented in steiling which Is the tunclponal currency of the chAiiLy Ibl Income All Sneb are reviewd to deteimine whether thÉre is an indicdlioll that those assets have sulfefed an Impèirmenl loss. Where the cèrrviiig value err*éds the esliinated r¢cov¥rable a￿VOU￿1{beln8 rhe gie6teF of fair value les5 CQSt5 to sell and value -in-usel, an impairmetTri loss is recognised 5mmedi?tely in the income and e¥pEnditurÈ. Any reversal of PfÈviOU5 IrnPairment10s51s slmilarly reco8nised immÈdialely in the income and e>pendlture. Fiytuies and Fittings 15% reduring bal3nce lel Fixed a55el investments FiAed asset Invesrments are Siaied at ¢05t. 111 Fund •r£ounlin Funds hvld tQ8¢lher by ihÈ chèrlty either.. Unie5trictèd 8¢Trer41 fvnds- these ère funds which can be uséd In occordance with the charitable objects at the discretion of the tru51ees. ReSti￿(ted funds- thèse are funds that can only be used for patticular restricted purposéd within the ohjects of the charity. ResLiicliOrts arise when specified by the donor or when the funds are rai9ed for particular purpob%ed. Further erplanalion of the nature and purpose of each fund Is In¢ludtd in the notes to the flnancial statemenls. CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 NOTES TO THE ACCOUNTS (CONTINUED) 2 Donation5 2023 2022 Unrestricted Restricted Funds Funds Unrestricted Restricted Funds Funds TOTAL TOTAL Donations 976 976 976 976 3,780 3,780 3,780 3,780 3 Fundraisin 2023 2022 Unrestricted Restricted Fund5 Funds Unrestricted Restricted Funds Funds TOTAL TOTAL Last Man Standing Quiz Egg Chair Raffe Christmas Fayre Other fundraising Totals 900 900 1,008 563 3,795 13 5,378 1,008 563 3,795 13 5,378 900 900 4 Activities for eneratin funds 2023 2022 Unrestricted Restrlcted Funds Funds Unrestricted Funds Restricted Fund5 TOTAL TOTAL Fees Totals 10,070 10,070 10,070 10,070 9,554 9,554 9,554 9,554 CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 5 Grants 2023 2022 Unrestricted Restricted Funds Fund5 Unrestrirted Restricted Funds Funds TOTAL TOTAL WPT Harbour WBR Credit Union Education Authority Allied Property Hats & Shades DOH SPPG Autism Nl Funding Totals 500 loo 500 loo 64,311 loo loo 375 375 1.277 1,277 605 605 2,957 67,268 500 500 64,311 60,491 60,491 64,311 60,491 500 60,991 6 Insurance Claim 2023 2022 Unrestricted Restricted Funds Unrestricted Restrlrted Fund5 Funds Funds TOTAL TOTAL Insurance Cla im Totals 7 JRS Grant5 2023 2022 Unrestricted Restricted Funds Funds Unrestrlcted Funds Restricted Fund5 TOTAL TOTAL JRS Grants Totals CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 NOTES TO THE ACCOUNTS (CONTINUED) 7 Ex Ènditure Analysis of re50urces expended 2023 2022 Unrestricted Restricted Funds Funds Unrestricted Restricted Funds Funds TOTAL TOTAL Notes Staff Salaries Staff pension costs Training Staff Uniforms Resources Early Years 5nsurance Consumables Rates Light and heat Travel and Other Costs Computer expense5 Telephone & Broadband Professional & Legal Fees Repairs & Maintenance Cleaning Stationery, Print, & Postage Advertising General expenses Exceptional Item Bank charges Donation 55,681 1,899 55,681 1,899 51,976 1,032 678 558 2,825 1,854 1,230 1,140 602 579 51,976 1,032 678 558 3,325 1,854 1.230 1.140 602 579 342 1,455 1,667 903 1,180 1,132 1.452 274 342 4,412 1,667 903 2,957 500 1,180 1,132 1,452 274 1,620 647 2,333 1,123 175 1,620 647 2,333 1,123 175 1.571 757 1,461 875 73 118 311 1,571 757 1,461 875 73 118 311 374 374 293 605 1,300 74,453 293 605 1,300 2,957 77,410 293 200 1,529 69,662 293 200 1,529 70,162 Depreciation Charitable Expenditure 500 CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 NOTES TO THE ACCOUNTS (CONTINUED) 8 Tan ible Fixed Assets Total COST At I September 2022 Additions Disposals 17,986 17,986 At 31 August 2023 17,986 17,986 DEPRECIATION At I September 2022 Charge for the year Eliminated on disposal 9,320 1,300 9,320 1,300 At 31 August 2023 10,620 10,620 NET BOOK VALUE At beginning of period 8,666 8,666 At 31 August 2023 7,366 7,366 Balance at 15eptember 22 Movement in Incoming Resources Outgoing Transfer of Funds Balance at 31 August 23 Funds Retricted Funds 6,490 2,957 2.957 6,490 Unrestricted Funds Capital FLJnd General Fund 15,000 26,316 41,316 15,000 32,598 47,598 80,735 80,735 74,453 74,453 Total Fund5 47,806 83,691 77,410 54,087 10 Taxation The Company is registered as a charity with the Nl Charity Commission and by HM Revenue & Customs 11 Post-Balance Sheet Events There were no such events affecting the Financial Statements after the year end. 12 Related Parties The Charity does not have any related parties. 13