NI CHARITY NO. 100921 CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 CONTENTS PAGE General Information Annual 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 2024 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 McCarthy- Treasurer David Craughwell Leanne Mallon Patrice McAlindedn Clare Bransbury Erin Carr Maria Murphy Maria McKinlev Clara Raffertv Erinn Murphy Sarah Murphv Clara McKinlev Una Doyle REGISTERED OFFICE 7A Sandry Road Newry Co Down BT34 2LB INDEPENDENT EXAMINER McPolin & Murdock ICAI Ltd 76a Main Street Castlewellan BT319DL BANKERS First Trust 42-44 Hill Street Newry Co Down BT34 IAR
CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ANNUAL REPORT OF THE TRUSTEES The trustees present their report with the financial statements of the charity for the year ended 31 Au8USt 2024. The trustee's have adopted the provisions of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities,, effective January 2015. Reference and Adminlstrative Information The name of the charity's trustees at the date this report was approved are listed on page 3, together with the address of the principal office of the charity and the charity's registration numbers. Structure, Governance and Trustees Carrick Pre-school is a charity registered with the Nl Charities Commission Ioctober 20141, Charity Number 100921 and 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 religiou5 opinion. The management committee is primarily made up of the parents of children who attend the preschool. The Committee consists of a Chairperson, Treasurer and additional members. All positions are elected annually at the Charities AGM. Organisational Structure The policy and general management of the affair5 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 f rom 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 its 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 2024 ANNUAL REPORT OF THE TRUSTEES (CONTINUED) Responsibllities of Trustees As the charity's trustees we are aware of our responsible for the preparation of the accounts in accordance with the Charities Act INorthern 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 prtjdent prepare the financial statements on the going concern basis unless It is inappropriate to presume that the company will continue in business The Trustee5 are responsible for keeping adequate accoijnting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial POSltion of the charity and enable them to ensure that the financial 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 organisation'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 organisation's independent exarn iners 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 Eamon Cha irperson 1109 2025 vern Noel Mcca Treasurer 1109 2025
CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 I report on the financial statements of Carrick Pre-school for the year ended 31st August 2024 which comprise the statement of financial activities, the balance sheet and the related note5. 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 Ithe Act) does not apply. It is rny responsibility to state whether particular matters have come to our attention as a result of examining the financial statements. Basis of Independent Examlner's Statement My examination was carried out in accordance with general directions given by the Charity Commissioners. An exa mination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosure5 in the Accounts, and seeking explanations from you as members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the Accounts. Independent Examinerfs 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 Charitie5 Act INI) 2008. to prepare Accounts which accord with the accounting records and to comply with the accounting requirements of the Att 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 Mur ock F.C.A McPolin & Murdock ICAI Ltd 76a Main Street Castlewellan Co Down BT319DL Date: 1109 2025
CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNTI Year to Year to 31-Aug-24 TOTAL 31.Aug-23 TOTAL Unrestricted Restricted Unrestricted Restricted Note Income and endowments: Donations Fundraising Charitable Activities Grants Insurance Claim HMRCSMP +Comp 2,876 1,513 9,450 54,200 2,876 1,513 9.450 56,500 976 5,378 10,070 64,311 976 5,378 10,070 67,268 2.300 2,957 7,668 7,668 Total Intome 68,040 9.968 78,008 80,735 2,957 83,692 Expenditure on.. Costs of Generating funds; Charitable Activities Governance Cost5 Total Expenditure: 66,416 10,244 76,660 74,453 2,957 77.410 66,416 10,244 76,660 74,453 2.957 77,410 Net movement in funds 1,624 276 1,348 6.282 6.282 Reconciliation of funds: Total Funds brought forward 47,597 6,490 54,087 41,315 6,490 47,805 Total Funds carried forward 49,221 6,214 55,435 47,597 6,490 54.087 The statement of f inancial activities includes all gains and losses recogni5ed in the year. All incoming resources and resource5 expended derive from continuing activities.
CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 BALANCE SHEET 2024 2023 Note Fixed Assets Tangible Fixed Assets 6,Z61 6,261 7,366 7,366 Current Assets Cash at bank 49,169 49,169 46,718 46,718 Net Current Assets 49,169 46,718 Long Term liabilities Government Grant Total Assets 55,431 54,085 Funds Restricted Unrestricted 6,214 49,221 6,490 47,598 TOTAL FUNDS 55,435 54,087 The financial statements were approved by the board Trustees on 1109 2025 and were signed on their behalf by.. Eamonn Chairperson 1109 2025 overn Noel Mcca Treasure 1109 2025 The notes on pages 9 to 13 form part of these accounts.
CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NOTES TO THE ACCOUNf5 l Accountin 131 AccountinE ConvÉntion The finanf.ial Statements have been piepared in accordhncè with Aciounlin8 and Reporting by Charits.. Statement of Recornmended PTarl.ce applirèble to charities pieparing their atcouiils in accordance with the Financial Reporting Standard applic361e in the UK 2nd Republic of Irèland Chèiities SORP 2015 IFRS 1021. and the Companies Act 2(Q6. The financral staiernenls are piepared on a gtsing toniern basis undÈr the hi51o¢ical to¢ conwention. The financial stèiemènfs are presentéd In sleilinE which 15 the functionèl currency of the charlty Ibl Inc(Ftne All inctsme lintluding Erantsl Is accounted for as soon 45 the Charity receives it receipts basis. Icl Expenditure Eypeilditre is included In the Stèlement of Financial Aitiwlties a$ 500n as It is incurred payrnents b355s. Governance w5ts include the dir¢£t clearly idenlifiable costs of governance arTanEemenLS that re5ate to the gÈNeral running of the Charity. Theso a¢tivilie5 provide the Eovtrnance iiifrastrutture that allows the Chaiity to operaiÈ ènd to generate the ioformalion requited for public ariountabllity. Indiiect govÈrnènce costs, suth as staff cosis and olfiLe Supplies. hève not been 5eperètely idenlif4ed and akcounièd for £ince the cost ènd time of doing so is nol considèred suff¢entlY ne[l[al to a reèder of these financial stètemèrts. Idl Ftxed assets and depreciation Tangible fii8d J%sets are staled at cost less d¥piecièliun. At each bilènce she¥t date. Ilie carryinE aMOnIS of t?ngible Issets are rtrviewd to deteimlne whether theie is an indicalion that those as5oLg have suffered ath impairmeni loss. Wheie the carrying value èCeed5 the èstimated recoverèbl2 atnountlbeiiig the greater of fair value less ¢ost5 to sell and value -in-v5el, irnpairmÈnt1055 is reco8nised Imrnediately in the Iniorne and ewpenditure. Any reversal of a previous impairmènl le55 15 simllarly recognised immedlately in the in(otne ènd èxpenditure. Fi¥tures and FltlJn85 15% reducing balance lel F¢ed 355ei Intsestrnents Fijed a55et InYesimeiii¥ are statd at to<. lfj Fund a¢counling Fund5 held ioÈ¢iher by the thèrity eiihtrr. UnrestriCt¢d generèl funds- these ère funds which can be usèd in accordance wlth the ¢haiitable objects atthe disiretion of the trusiees. Re£tricl¥d funds these are funds thttt can only be used for particular restricted purpD5e(S within the obj*ct5 of the chhrily. Rgstriclions kri5e when speLified by the donor or whèn the funds arè raised for particular purpo?¢d. Further Èiplanation of the nèture and purpose of oach fund is includÈd in the notes to the finèncial 5ts¢emenis.
CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NOTES TO THE ACCOUNTS (CONTINUED) 2 Donations 2024 2023 Unrestricted Funds Restricted Funds Unrestrirted Funds Restrlcted Fund5 TOTAL TOTAL Donations 2,876 2,876 2,876 2,876 976 976 976 976 3 Fundraisin 2024 2023 Unrestricted Funds Restricted Funds Unrestricted Fund5 Restrlcted Fund5 TOTAL TOTAL Smarties Tubes Christmas Raffle Green Day Fundraiser Easter Raffle School Trip Money June BBQ Rattle Last Man Standing Quiz Egg Chair Raffe Christmas Fayre Other fundraising Totals 50 86 90 202 276 468 50 86 90 202 276 468 1,008 563 1,008 563 3,795 13 5,378 3,795 13 5,378 341 1,513 341 1,513 4 Activitles for eneratin fund5 2024 2023 Unrestricted Fund5 Restricted Funds Unre5trlcted Restricted Funds Funds TOTAL TOTAL Fees Totals 9,450 9,450 9,450 9.450 10,070 10,070 10,070 10.070
CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 5 Grants 2024 2023 Unrestricted Funds Restrlcted Funds Unrestricted Restricted Funds Funds TOTAL TOTAL WPT Harbour Unknown WBR Credit Union Education Authority Allied Property Hats & Shades DOH SPPG Autism Nl Funding Totals 200 500 200 500 500 500 loo loo 64,311 loo 375 1,277 605 67,268 54.200 54,200 loo 64,311 loo loo 375 1,277 605 2,957 1,500 1,500 54,200 2,300 56,500 64,311 6 Insurance Claim 2024 2023 Unrestricted Funds Restrlcted Funds Unrestricted Funds Restricted Funds TOTAL TOTAL Insurance Clai m Totals 7 HMRCSMP + Comp 2024 2023 Unrestricted Funds Restricted Fund5 Unrestricted Funds Restrirted Funds TOTAL TOTAL HMRCSMP + Comp Totals 7,668 7,668 7,668 7,668
CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NOTES TO THE ACCOUNTS ICONTINVED} 7 Ex enditure Analysis of resources expended 2024 2023 Unrestrlcted Restricted Unrestricted Restricted Funds Funds Funds Funds TOTAL TOTAL Notes Staff Salaries Staff pension costs Training Staff Uniforms Resources Early Years Insurance Consumables Rates Light and heat Travel and Other Costs Computer expense5 Telephone & Broadband Professional & Legal Fees Repairs & Maintenance Cleaning Stationery, Print, & Postage Advertising General expense5 Exceptional Item Bank charges Donation Depreciation Charitable Expenditure 43,007 1,958 7,668 50,675 1,958 55,681 1,899 55,681 1.899 342 1,455 1,667 903 1,180 1,132 1,452 274 342 4,412 1,667 903 1,180 1,132 1,452 274 221 2,148 I,oii 1,537 673 1,973 2,576 2,797 2,148 I,oii 1,537 673 1,973 2,957 1,400 525 7,644 1.238 52 1,400 525 7,644 1,238 52 601 246 1,620 647 2,333 1,123 175 1,620 647 2.333 1,123 175 601 246 374 374 352 725 1,105 66,416 352 725 1,105 10,244 76,660 293 605 1,105 74,258 293 605 1,105 77,215 2,957
CARRICK PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NOTES TO THE ACCOUNTS (CONTINUED} 8 Tan ible Fixed Assets COST At I September 2023 Additions Disposals Total 17,986 17,986 At 31 August 2024 17,986 17,986 DEPRECIATION At 15eptember 2023 CharEe for the year Eliminated on disposal 10,620 1,105 10,620 1,105 At 31 August 2024 11,725 11,725 NET BOOK VALUE At beginning of period 7,366 7,366 At 31 August 2024 6,261 6.261 Bèlance at I September 23 Movement in Incoming Funds Resources Outgoing Transfer of Funds Balance at 31 August 24 Retricted Funds 6,490 9,968 10,244 6,214 Unrestricted Funds Capital Fund General Fund 15,000 32,597 47,597 15,000 34,221 49,221 68,040 68,040 66,416 66,416 Total Funds 54,087 78,008 76,660 55,435 10 Taxatlon The Company is registered as a charity with the Nl Charity Commission and by HM Revenue & Customs 11 Post-Balan¢e 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