Registered number NI621023 Charity number 101011
Dara Pre-School
Report Of The Trustees and Financial Statements
For the year ended 31 July 2025
Dara Pre-School Annual Report Contents
| Page | |
|---|---|
| Companyinformation | 1 |
| Reportof the Trustees | 2-3 |
| independent Examiner's Report | 4 |
| Statement offinancial activities | 5 |
| Balance Sheet | 6 |
| Notestothefinancialstatements | 7-10 |
Dara Pre-School Company Information
Trustees & Directors Margaret Tierney(Director/Trustea) Aira Oates(Director/Trustee) Deirdre McShane(Trustee)
Independant examiner L Kerr & Co Unit 58 Armagh Business Centre Loughgall Road Armagh BT61 7NH
Bankers Bank Of Ireland 11 Upper English Street Armagh BT61 7BH
Registered office 17 Drumarg Villas Drumarg Armagh BT60 4AL
Registered number NI621023
Charity number 101011
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Dara Pre-School Trustees’ Report
The Trustees of Dara Pre-School present their report and the financial statements for the year ended 31 July 2025,
The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lraland(FRS102).
OBJECTIVES AND ACTIVITIES
The objectives of the Company are to promote play based learning anvironments for all children under statutory school age, of the Armagh and its surrounding environs in County Armagh without distinction of age, gender, marital status, disability, sexual orientation, nationality, ethnic identify, political or religious opinion, by associating the statutory authorities, community and voluntary organisations and the inhabitants in a common effort to advance education, and in particular:
a) to advance the education of the beneficiaries by the provision of safe and satisfying group play, with the night of parents/carers to take responsibility for and to become involved in the activities of the group; and to promote the preservation of health of the beneficiaries:
b) to support the values and principles of Early years.
FINANCIAL REVIEW
Reserves policy
it is the policy of the Charity that reserves that have not been designated for a specific purpose should be maintained at a level equivalent lo between 6 - 12 months expenditure. The Charity considers that reserves at this level will ensure that in the event of a significant drop in funding, they will be able to continue some activities however this would be on a reduced scale.
FUTURE PLANS
The Charity intends to continue the work it performs for the benefit of the children, while seeking contuining sources of funding.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Gharity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by quarantee, as defined by the Companies Act 2006.
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Dara Pre-School Trustees’ Report
TRUSTEES RESPONSIBILTY STATEMENT
The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charities legislation requires the Trustees to prepare financial statements for each financial year. Under Charities legislation the Trustees must not approve the financial statements unless they are satisfied they give a true and fair view of the state of affairs of the charity and of the incoming resources including the receipts and payments, of the charity for that year. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charities SORP;
-make judgments and accounting estimates that are reasonable and prudent;
-state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequale accounting records that are sufficiant 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 financial statements comply with the Charities legislation.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other imeguilarities.
Approved by order of the board of trustees on 18 November 2025 and signed on its behalf by:
Margaret Tiemey - Trustee
Bee ee
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Dara Pre-School
Independent examiner's report
Respective responsibilities of charity trustees and examiner
Ags the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfiad myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:
-
Examine the accounts under section 65 of the Charities Act
-
Follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
-
State whether particular matters have come to my attention.
Basis of the independent examiner's report
| have examined your charity accounts as required under section 65 of the Charities Act and my examination was camed out in accordance with the general Directions given by the Charity Commission for Northem |reland under section 65(9)(b) of the Charities Act. The examination induded a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees conceming any such matters.
My role is to slate whether any material matlers have come to my altention giving me cause to believe:
-
That accounting records were not kept in accordance with section 386 of the Companies Act 2006.
-
That the accounts do not accord with those accounting records.
-
That the accounts do mot comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
-
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
| have completed my examination and have no concems in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern ireland, | have found no matters that require drawing to your attention.
hom
L Kerr & Co Chartered Accountants Unit 56 Armagh Business Centre Loughgall Road Armagh BT61 7NH
18 November 2025
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Dara Pre-School
Statement of Financial Activities
for the year ended 31 July 2025
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|||||||
|---|---|---|---|---|---|
|Notes|2025|2024|
|Incoming|resources|£|£|
|Restricted|funds|1|4.070|86,359|
|Unrestricted|funds|4|24,852|34,597|
|Total|incoming|resources|118,922—|420,956|
|Resources|expenses|
|Restricted|funds|
|Charitable|activities|2|105,077|104,879|
|Unrestricted|funds|
|Govemance|costs|3|6,472|7,238|
|Total|resources|expenses|113,549_|112,617|
|Net incoming/(outgoing)|resources|5,373|8,139|
|Fund|balances|brought|forward|152,855|144,716|
|Fund balances carried forward|158,228|152,855|
----- End of picture text -----
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||||||
|---|---|---|---|---|
|Dara|Pre-School|
|Balance|Sheet|
|as|at|31|July 2025|
|Notes|2025|2024|
|£|F|
|Fixed|assets|
|Tangible|assets|5|64,050|67,520|
|Current|assets|
|Cash|at bank and|in hand|94,698|66,055|
|Creditors:|amounts|falling|due|
|within|one year|6|(720)|(720)|
|Net current|assets|94.178|85,335|
|Net|assets|156,226|162,855|
|Income|funds|
|Unrestricted|funds|7|158,228|152,855|
|Restricted|funds|a|s|E|
|Total funds|158,228|152,855|
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The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year end 31 July 2025.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Section; 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial years in accordance with the requirements of Sections 294 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies,
The financial statements were approved by the board of Trustees on 18 November 2025 and were signed on its behalf by:
Margarel Tierney (Director) Me/yonet TEea
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Dara Pre-School Notes to the Accounts
for the year ended 31 July 2025
1 Accounting policies
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entry under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), Financial Reporting Standard 102 ‘The Financial Reporting applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entittement to the funds, itis probable that the income will be received and the amount can be measured reliably.
Depreciation
Depreciation has been provided al the following rates in order to write off the assets over their estimated useful lives.
Fixtures & fittings
20% straight line
Expenditure
Liabilities are recognised as expenditure as soon a5 there is a legal or constructive obligation committing the charily lo that expenditure, it is probable thal a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been Classified under headings that aggregate all cost related to the category. Where costs cannol be directly attributed to particular headings that have been allocated to activities on a basis consistent with the use of resources.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the trustees.
Restricted funds can only be used for particular restriced purposes within the objects of the charity. Restrictions arse when specified by the donor of when funds are raised for particular restricted purposes.
ri
Dara Pre-School
Notes to the Accounts
for the year ended 31 July 2025
| 2 | Income | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Restricted funds | |||
| EducationAuthority grant SHSCT grant |
64,988 - |
56,931 12,075 |
|
| Milkgrant | 449 | 191 | |
| Extended servicefund | 3,671 | - | |
| Department of Education Pathway Fund | 18,322 | 14,962 | |
| Childcare Partnership | 2,950 | 2,200 | |
| Inclusion fured | 3,750 | - | |
| 34.070 | 86,359 | ||
| Unrestricted funds | |||
| Fundraising Fees Uniforms |
4,173 19,760 aia |
42680 30,317 i |
|
| 24,852 | 34,597 | ||
| 3. | «Charitable activities | 2025 | 2024 |
| E | £ | ||
| Restricted funds | |||
| Staff salaries | 79,915 | 89,217 | |
| Heat& light | 1511 | 2,116 | |
| Staff uniforms | . | 406 | |
| Telephone Transport |
854 250 |
ar T1 |
|
| Training | 2,662 | 1,705 | |
| Provisions | 4,861 | 5,645 | |
| Equipment | 6,655 | 1777 | |
| Insurance | 1351 | 1,195 | |
| Repairs and maintenance Rates |
4,720 318 |
1,575 299 |
|
| 105,077 | 104,679 |
L3)
Dara Pre-School
Notes to the Accounts
for the year ended 31 July 2025
3 Governance costs
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|||||||
|---|---|---|---|---|---|
|Governance|costs|2025|2024|
|E|£|
|Unrestricted|funds|
|Stationery & advertising|2,380|1,800|
|Bank fees|304|355|
|Professional|fees|1,092|1,008|
|Depreciation|3,470|3,500|
|Sundry expenses.|1,226|1,275|
|8.472|7,938|
|Operating|profit|2025,|2024|
|E|£|
|This|is.|stated|after|charging:|
|Depreciation|of owned|fixed|assets|3,470|3,500|
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4 Operating profit
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||||||||
|---|---|---|---|---|---|---|
|5|Tangible|fixed assets|
|Land|&|Fictures|&|
|Buildings|fittings|Total|
|£|£|£|
|Cost|
|Ald|August|2024|59,000|64,375|123,375|
|Additions|te|ge|=|eee|
|ALB|July|2025|§9,000|64,375|123,375|
|Depreciation|
|Abd|August|2024|-|5,855|55,855|
|Charge|for the year|-|3,470|3,470|
|Al|31|July|2025|.|69,325|59,325|
|Net|book|value|
|At 31|July 2025|59,000|5,050|64,050|
|At|31|July 2024|59,000|6,520|67,520|
|6|Creditors: amounts falling|due within one year|2025|2024|
|£|£|
|Accruals|720|720|
----- End of picture text -----
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Dara Pre-School
Notes to the Accounts
for the year ended 31 July 2025
7 Unrestricted funds
| Unrestricted funds | 2025 |
|---|---|
| £ | |
| At 1 August 2024 | 152,855 |
| Incoming resources | 24,052 |
| Utilised/(relaased) | (8,472) |
| Transfers to restricted funds | (11,007) |
| ALS1July2025 | 158,228 |
8 Restricted funds
| Restricted funds | 2025 |
|---|---|
| £ | |
| Ald August2024 | = |
| Prior year adjustments | - |
| Ali January 2013 | . |
| Incoming resources | 94,070 |
| Utilised/(released) | (105,077) |
| Transferred from unresiricied funds | 11,007 |
| AbdJuly2025 | fe |
& Taxation
The company is a registered charity and is therefore not liable to taxation,
9 Liability of members
Dara Pre-School is a company limited by guarantee. The liability of the members is limited to an amount nol exceeding £1.
10 Controlling party
There is no ultimate controling party.
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