Reglstered number N1621023 Charity number 101011 Dara Pre-school Report Of The Trustees and Financial Statements For the year ended 31 July 2023 Dara Prn4chool Annual Report Contents Page Company infomi8tlon Report of the Tru8tè88 Independent E¥aminerfs Report Statement of Ilnanclal acllvltlB$ 2-3 B8lan¢o Sheet Notes to the finandal statements 7-10 Dara Pre4chool Company Information Trusteos & Dlrectors Margar&t TlerneylDireclarrrrust8e) ra Oat•s(Direotortrrustse) Delrdre McShane(frustee) Independ•nt oxamln•r LKerr&Co Unlt 58 Armagh Business Centrn Loughgall Road Armagh BT617NH Bankers Bank Of Ireland 11 Upper Engllsh Streot Amiagh BT6178H Regl4t•rod offlrA 17 Dnjmarg Vlllas Drumarg Armagh BT60 4AL Roglstored number N1621023 Charlty nuM￿r 101011 Dara Pre*chool Trusteas. Report The Trustees of Dara Prfrsd￿ present their repcfft and Ihe financlal statements for the year ended 31 ju￿ 2023. The Tru$tee$ have adopted Ihe provlslons of AcxounlEng and Reportlng by Charltles: st8tem8nl of Recommended Pra¢ti¢e applicable to charlttes preparing their accounts in ac¢ordance with the Flnanclal Reporung Standard appIl￿ble in thg UK and Republ1¢ of IrelandlFRS102). OBJECTIVES AND ACTIVMES Tho objBclives ol the Company are to promote play based leamlng envlronments for all childrgn under statutory sGhool age. of the Amiagh and Its surrounding envlrDn5 In County Armagh wlthout dlstinction of age. gender, marital status. dlsabilty, sexual orterrtatton, nattonallty, ethnic identify. politl¢al or religious oplnlon, by assoclatlng the $tstutory authorities, communlty and vduntsry organlsations and the Inhabltants in a common effort to advance educauon. and n partlcular,. 8) to adv8n¢e th¢ educatlon of lh& ben6ficiari85 by the provlslon ol safe and sausfylng group play. wtth the right of parenlsl¢arer8 lo take responslbillty for and to become Involved In tho acttvmes ol the group: and io promote Ihe preseryauon of health of the beneficlades: b) lo support the v8lu88 and prlnclpies of Earfy yea FINANCIAL REVIEW Resorv88 poIIcy 11 Is thg pollcy of Ihe Charity that reseN88 that have not bè6n designated for a SPOGific purp08e should be malntalned at a level equlvalent to betsveen 6 - 12 months expendlture. The Charfty conslders that reserves at thls level wlll ensure that In the event of a signlficant drop In funding, they ￿11 ￿ able to ￿ntInue some acdvlil8s however th1$ would be on a reduced $¢810. FUTURE PLANS Tha Charity Intends to continue Ihe work It perf0M￿ for the benefit of thg chlldren. ￿118 seeking contulnlng sour¢es of fundlng. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng documgnt The Charity 15 controlled by its govemlng dooJmenL a deed of trust, and con8fltutes a limited Company. limited by guarantee. 8$ dgflned by Ihe Companles Act 2(Kl6. Dara Pre-school Trustsgs. Report TRUSTEES RESPONSIBILTY STATEMENT The Trugtees a￿ wponslble for preparing the Trustee$. report and the financial statements In accordanc8 with appllcabl8 law and the Uniled iangdom A¢¢ounting Standards {Unilad Klngdom Generally Accepted Accwnting Practice). Charllle8 legi$l#lion requires the Trust888 to prepare financial 8tatem8nts for each finandal year. Under Charities leglslatton the Tn￿& musl not approve tha finanual statements unless Ihey are satisfied they give a Irue and falr vlew of the stal8 of affalrs of the charity and of the in￿ming resources Induding the recelpts and payments. of the charity for that year. In preparlng Ih8se finand81 statsmenls. tha Trustees are required to.. - $elect sultsble accounting pol￿85 and then applythom consistsnty: bserve tho methods and prSnclples In Ihe Charities SORP: -mak6 ludgm&nts and accountlng estlmates Ihat are masonable and pnmlent -8tste whether 8ppllcable UK accounting Standards have been foltuwod, $uble¢t to any malerlai departures dlsclos8d and 9xplalned In the flnandal ¥latgments. *repare tht flnancial statements on the golng concern b8sls unless It18 Inappropriats to presume (hat th9 charliable company will ¢onUnue In operation. Tha Trustees are responsib￿ lor koeplng adequato accountiThJ I¢￿rdS that arn sufficient io show and explaln Ihè ¢hartVs transacllons aThJ disclose with reasonable aeujracy at any tlme the flnan¢ial posluon of the charlty and enable them to 8nsur8 that thè fingnclal statements comply with the Charlles leglslauon. They are also responsible for safeguardlng the assets of the charity and hence for taklng roasonable steps for the preventlon and dete¢tion of fraud and other Irregularlti8S. Approved by order of the bo8rd ol tru8ieos on 15 Febnmry 2024 and slwed on It8 behalf by.. Margaret Tlemey- Trustee ILL Dara Pr•&hool Inde￿nd￿nt axamln•Vs r•port Rospectlva rèsponslbllltles of charlty trustèes and •xamln•r As the charity trusle&$ {and also the dlreciors ol the compary for Ihg purposes of company IBW) you arg responsible for the prepara11on of tho accounts In actordance wlth the raquirèmgnts of the Companles Act 2006. Having satisfied myself that the charity 1$ not subj￿1 to wdtt under company law. and is eligible for Ind8p&ndent exarnination. il 15 my responsibilty lo.. 1. Examhe the a¢eounts under secti(￿ 65 of the Charilies AGt 2. Follow the pr¢Jcedures laid do5￿ In the general Dlrethons gfven by the Charfty Commlsslon for Northam Ir&land undor spKtion 65(9)(b) of the Charfle8 ACL 3, State whother particular matter8 have Come to ry attontton. Ba818 of the Indopgndent •xamlnerfs rnport I have 6xomined your chartty accounts as requlred under section 65 of th8 Charftles Aol and my oxamlnation was carrfed out In acc<>rdance wlth th8 gener81 DIre¢￿On$ g￿en by Ihe Charity Commisslon lor Northem Ireland under sectton 65(9)Ib) of Ihe Char]tl8s Act. Th8 examination Includ8d a review of the 8crAJunUng records kepl by the Charity and a Kirnpadson of th& accounts presented with those records. 11 also Included conslderalon of any unusual items or dlsclosur8s In Ihe a¢￿unt8. and ¥eekkvJ explanalon$ you as charftytrustees conc•mlng ary such m•ttors. My role 18 to stale wh8ther any fflaterfal rnatter8 have como to my attentlon gmng me cau89 to belkvo.. 1. That a¢¢ounflng rocord8 wèr6 not képt In accordance wllh sectlon 386 Of tho Componles Act 2. That thé acMunts d¢ not a(xord wlth th088 a¢4>)unling roL¥Jrds. 3. That the accounts do not compqy wSlh the acC￿n11ng r0qulrernent8 of sectlon 398 of th¢ Companl&s Act 2006 and wlth the m6thods and prlncipleg of Iha Charfties Statement of Recommonded Pfadce applIca￿0 lo chaiill08 prop8dng thtlr accounts In accordan¢a with th Flnanclal Roporung Standard appllcablo In tho UK and Republ1¢ ol Ir8larKI. 4. Thal there Is further Infomiallon n•ed8d for a und•rntandkng of tho aecounts lo bo reached. Ind•wnd•nt examlnoff• stat•m•nt I have compl8tBd my examlnauon and have no concems In re$p¢¢t of tho m8tter8 (1) to14) Il&tsd above and. In connectlon wlth following th8 Dlrecuons of th8 Charlty Commi$$lon for Northern Ireland. I have found no matter8 that require drawwwJ to your attantion. LKerr&Co Chartered A￿ountants Unll 58 Amiagh Business Cgntrg Loughgall Road Armagh BT61 7NH 15 F8bruary 2024 Dara Pre4chool Statement of Financlal Actlvhles for Ihe year ended 31 July 2023 2023 2022 Incomlng resources Re8trictod funds Unrestrlcted fijnds 73,756 rd,547 71.273 19.734 Totsl In¢omlng resour¢gs 97,303 91,007 Rggources expenses Rgstrlctsd funds Charltable activibas 82,423 86,145 Unrostrlcted funds Govaman¢e ¢osts 6.860 7,179 Total rèlou￿0s expen••8 89,283 93.324 Not In¢omlngl(oulgolng) re8ourc•s 8,020 2.317 Fund balanc•• brought forward 136.696 139,013 Fund balan¢e• carrted forward 144,716 136,696 Dara Pre4¢hool Balance Sheet as at 31 July 2023 Notss 2023 2022 Flxed assets Tangible assets 68,31XI 70.965 Current a5•0ts Ca$h al bank and In h￿d 77,136 66,451 Credltor¥: amounts falllng d wlthln ono yoar (720) (720> Net ￿T￿TrI assets 76.418 65,731 Net ass•ts 144,718 136,696 Income funds Unreslrfcted funds Rastrfictsd funds 144,716 136,696 Total funds 144,716 136,696 The ¢haritable company Is entitled to exemptlon from audit under soction 477 of the Compgni88 Ad 2006 for the year end 31 Juty 2023. The members h8v8 not requlr8d the charltabl& company to obtaln an audit of its financlal 81alemènls lor the year ended 31 July 2023 In accordanca *iih Section 476 of the Companles Act 2006. The trusts¢$ a¢kn¢)wledge th8lr responslbifities for (al en¥urlng that the charitable company keop¥ accounting r8cords that comply wth Sectton 388 and 387 of the Companles Act 2006 and )s1¥ ¢annol be dlredy adrlbuted lo parUe￿ ￿•d￿0$ thAt havo beèn all￿1•d to acltvKl•s on a ba￿S constst•nt thè us8 ol restsure83. FUnda￿ou￿11ng Unreslrfcled funds 4￿n b• usad In acefjrd•nc• *lth ¢harflabl8 obJectlv•# al tha dlKroUon of th• trusts•s. R?¥lrlcted fiJnd8 can i)nly be Use￿ for p8rtlcLkn rthlc•d purpo888 hllhln thè oble¢ts of thè thanty. Reslrfdlons 8rtee ¥th•n 8pec4fiod by tho donor or f(mdg arg r818ed porbcular r08tdclod purposes. Dar4 Pre4¢hool Notes to th• A￿Unts forthe year ended 31 July 2023 2 Incom• 2023 2022 Restrfthd funds Educathm ALElhority grant Milk granl Dopartment tsf Educauon Pathway Fund Outdoor10onlng prole¢t Eartyy8ars d6v8lopm8nt fund Ge1￿llg ready lo learn fijnd EA Engage Fundlng Chiklcare Partnershlp 53.998 $08 14,950 52,246 494 14,937 1.fNJO 2.196 400 2,912 73.756 71.273 Unro8trf¢t•d fund¥ Fundralslrya Fee8 3,485 20.082 2,979 16,755 23.547 3 Ch•rflabl• actlvlti 2023 2022 R••trlot•d lufid¥ Staff sal8rle8 Heal & Ilght Staff unlfcrms Telephone Transport Tralrslng Provlsl¢Ms Equlprnenl Irsuranco Repolrs ond mBlnlen8n Rates 65,014 1,895 1,087 717 300 4.386 5.171 83.204 1,291 774 827 3.166 6.857 1.875 1.078 7.803 270 1.023 2.186 278 Dara Prfvschool Notes to the A¢¢ounts for the ￿ar •ndtd 31 Juty 2023 3 Gov•man¢• colts 2023 2022 UTrTa8trict•d fundi Statlonory & adverllslng Bankfees Professlonal foos Dapre¢18tion &Jndry oxpowes 1.376 1,582 322 1,038 2,685 1,008 2,665 7.179 4 Oporallng profft 2023 2022 Th1$13 stated oftor ¢harOivJ: Dgpredatlon ofv•med flxed awts 2.665 S Tanglbl• Ilx•d ass•ts Lthd& Bulldln99 Flxturo$ & flttlnq• Total ¢o•t Al l August 2022 At 31 Juty 2023 120,665 120 855 e1.855 O•prnel8tlon At 1 August 2022 Charyo for thè y08r At 31 July 2023 49.690 2,666 62.355 49,690 2.685 N•1 book ¥•lu• At 31 Juty 2023 At 31 July 2022 6 Crndllgrn: amounts falllng du• wlthln on• y•*r 2023 2022 Accrua18 720 Dara Prn4Gh0ol Notè$ to the Accounts for the year ended 31 July 2023 7 Unr•strfet•d lund• 2023 Al l August 2022 Incomlng r980urc UUllsedllrele8$8d) Transfers to r8slrl¢tgd fvnd8 Transfer fr*Jrn genor8J fund 136.696 23,547 16.8601 18,667) 16,687 At 31 July 2023 Rfjstrlctsd fundB 202J At 1 A￿￿$t 2022 Incomlng rasources UlllS9odllrd&a8ed) Tran81err8d from unrestrt(*ed fimd8 73.756 (82.4231 8,667 At31 ￿ty2023 8 T&xatlon Th• company18 4 r¢gl$tered charfty andlg thorefore not Il*>19 to la%gtlcffj. LIAblllty of m•mb•T• Dorg PrfrS¢hool Lg a cor¢yany Ilrntt•d by ouarantso. Tho Ilabllty member8 Iw Ilmltod to #n amounl notgxce8dno £1. 10 Contyolllng party There18 M uIUrnAtg conlJoNtvJ p•ty 10