Rathfriland Pre-School Playgroup
Trustees’ Annual Report and Statement of Receipts and Payments and Assets and Liabilities
For the year ended 31st August 2025
Northern Ireland Charities Number: 101066
Rathfriland Pre-School Playgroup
References and administrative details
Charity Name: Rathfriland Pre-School Playgroup Charity Registration Number: 101066 Contact Address: 21 John Street Rathfriland Newry County Down BT34 5QH Trustees: Grace Lynch Ciara Monaghan Victoria Costello Tracey Nicholls Aisling Devlin Chantal Parsons Michelle McClean Therese McQuaid Danielle McConville Melissa Gawley Keri Lynch Natasha Corbett Suzanne McAlinden independent Examiner: S.M. Vint & Co 8 Newry Road Banbridge BT32 3HN
Bankers:
Danske Bank 37-39 Bridge Street Banbridge County Down BT32 3JL
Financial Position 2024/2025
The Pre-School Is governed by the Education Authority as a PSEP setting, The Education Authority Funding Is our main source of Income. They provide funding for the children of Pre-School age over the course of 10 months. This payment Is received on a monthly basis; It |s calculated on a flat rate per place In accordance with the attendance per month,
Our PSEP funding and fee-paying Income Is further subsidised by Fundraising activities throughout the year e.g. Cash for Clobber collections, Raffles etc, The Trustees are grateful to the parents for the help and support throughout the year and to those local businesses that helped our fundraising efforts through events and donatlons.
The Pre-School seek to apply for eligible funding each year to help with the cost of resources for the children when there Is opportunity for such funding. This year extra funding was released by the Department of Education for an Outdoor Learning Project. This funding allowed us to purchase outdoor resources and equipment to enhance the children's development and learning outcomes. We also received funding from the Pre-School Education Inclusion Support Fund to help support Special Educational Needs. With funding recelved from the Regional Childcare Partnership Small Grants Scheme we were able to purchase equipment, picnic tables etc., to allow us to make use of the small garden area adjoining our malin room.
The Pre-School holds two Bank accounts; a Current Account and a Savings Account.
The Pre-School has various running expenses including staff wages, rent, resources etc. The Committee recognise that a Reserve must be held to ensure a contingency for unforeseen circumstances and expenses. The Committee can report that the Reserve remains In a healthy position for this financial year.
Accounts for the year 1% September 2024 to 31" August 2025 show receipts totalling £74,209, payments totalling £75,917 showing a deficit of £1,708.
The Current Account bank balance at 31% August 2025 shows we have £2,463. Total Reserves £18,284.
;
There are no funds held by the charity that are materially in deficit.
All payments in the account were for the benefit of the Pre-School.
Signature: se ses Nyro Print name: & Cre We cela, Cond. Date: olvt O3 | VES
On behalf of Rathfriland Pre-School Playgroup Committee
Independent Examiner's Report to the Trustees of Rathfriland Pre-School Playgroup
| report on the accounts of the charity for the year ended 31st August 2025.
Respective responsibilities of Trustees and Examiner
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.
It is my responsibility to:
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examine the accounts under section 65 of the Charities Act;
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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; and
¢ state whether particular matters have come to my attention.
Basis of Independent Examiner's report
| have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
My examination included 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 concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
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That accounting records were not kept in accordance with section 63 of the Charities Act
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That the accounts do not accord with those accounting records
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That the accounts do not comply with the accounting requirements of the Charities Act
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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 concerns 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.
B Magennis FCCA FCA
For and behalf of $.M. Vint & Co
Chartered Certified Accountants & Registered Auditors
8 Newry Road
Banbridge
BT32 3HN
25/03/2025
Rathfriland Pre-School Playgroup
Statement of Receipts & Payments for the year ended 31st August 2025
| Unrestricted | Restricted | Prioryear | ||||
|---|---|---|---|---|---|---|
| Note | funds | funds | Total funds | total funds | ||
| Income and endowments from: | ||||||
| Donations | 2 | 0 | 0 | 0 | 0 | |
| Fundraising | 3 | 1,646 | 0 | 1,646 | 4,503 | |
| Grants and Funding | 4 | 67,702 | 0 | 67,702 | 54,359 | |
| Incomefrom CharitableActivities | 5 | 4,604 | 0 | 4,604 | 5,388 | |
| Other Income | 6 | 257 | ie) | 257 | 284 | |
| Total income | 74,209 | @) | 74,209 | 65,034 | ||
| Expenditure on: | ||||||
| Raising Funds | 7 | 462 | 0 | 462 | 336 | |
| Charitable Activities | 7 | 75,455 | 0 | 75,455 | 66,347 | |
| Total expenditure | 75,917 | 0 | 75,917 | 66,683 | ||
| Net income/(expenditure)resources | -1,708 | 0 | -1,708 | -1,649 |
Rathfriland Pre-School Playgroup
Statement of Assets & Liabilities- Year Ended 31st August 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Reconciliation offunds at 31.08.25 | |||
| Total funds brought forward | 19,992 | 21,641 | |
| Surplus/(deficit) thisyear end | -1,708 | -1,649 | |
| Total funds carried forward | 18,284 | 19,992 | |
| Bank & Cash Balances | |||
| Cash at bank and in hand | 18,284 | 19,992 | |
| 18,284 | 19,992 | ||
| Represented by | |||
| Unrestricted funds | 18,284 | 19,992 | |
| Restricted funds | 0 | 0 | |
| Tota!Funds | 18,284 | 19,992 |
The notes are an integral part of these financial statements.
The financial statements were approved by the Board of Trustees on 24 March 2026 and signed on its behalf by:
Qu Beg &y Grace Lynch - Trustee
Rathfriland Pre-School Playgroup Notes to the financial statements for the year ended 31st August 2025
1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial
statements are as follows:
a) Preparation of accounts on a going concern basis
The charity generally meets its day to day working capital requirements from its annual income. The Trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the charity has resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going concern basis
b) Income
Income is accounted for ona cash receipts basis as the amount is collected and are allocated as either restricted or unrestricted funds according to the terms of the donation.
c) Expenditure
Expenditure is recognised on a cash payments basis.
d) Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
e) Funds
Funds are classified as either restricted funds or unrestricted funds, defined as follows:
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the Club.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.
| 2. Donations | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total 2025 | Total 2024 | ||
| Donations | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | ||
| 3. Fundraising | |||||
| Unrestricted | Restricted | Total 2025 | Total 2024 | ||
| Fundraising | 1,474 | 0 | 1,474 | 4,207 | |
| Cash forClobber | 172 | 0 | 172 | 296 | |
| Other Fundraising | 0 | 0 | 0 | 0 | |
| 1,646 | 0 | 1,646 | 4,503 | ||
| 4. Grants | |||||
| Unrestricted | Restricted | Total 2025 | Total 2024 | ||
| EA-PSEP Funding | 63,930 | 0 | 63,930 | 49,235 | |
| EA-Extended Service Funding | 0 | 0 | 0 | 1,224 | |
| Other Funding | 3,772 | 0 | 3,772 | 3,900 | |
| Other Grants | 0 | 0 | 0 | 0 | |
| 67,702 | 0 | 67,702 | 54,359 |
Rathfriland Pre-School Playgroup Notes to the financial statements for the year ended 31st August 2025 (continued)
5. Income from Charitable Activities
| 5. Income from Charitable Activities | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total 2025 | Total 2024 | |
| Pre-School Fund | 4,110 | 0 | 4,110 | 5,360 |
| Miscellaneous | 494 0 494 528 ss Sees 4,604 0 4,604 5,888 |
|||
| 6. Other Income | ||||
| Unrestricted | Restricted | Total 2025 | Total 2024 | |
| Bank Interest Received | 257 | 0 | 257 | 284 |
| EarlyYears -Childcare RecoverySupport Fund | 0 | 0 | 0 | 0 |
| 257 | 0 | 257 | 284 | |
| 7. Analysis of Expenditure | ||||
| Unrestricted | Restricted | Total 2025 | Total2024 | |
| Raising Funds | ||||
| Fundraising costs | 0 | 0 | 0 | 0 |
| Postage & Stationary | 425 | 0 | 425 | 276 |
| General | 0 | 0 | 0 | 0 |
| Computer Costs | 0 | 0 | 0 | 0 |
| Bank Fees | 37 | 0 | 37 | 60 |
| 462 | 0 | 462 | 336 | |
| Charitable Activities | ||||
| Wagesand salaries | 56,464 | 0 | 56,464 | 52,614 |
| Running Costs | 10,249 | 0 | 10,249 | 5,618 |
| Donations | 283 | 0 | 283 | 126 |
| Administration Costs | 8,459 | 0 | 8,459 | 7,989 |
| 75,455 | 0 | 75,455 | 66,347 | |
| TotalExpenditure | 75,917 | 0 | 75,917 | 66,683 |
8. Taxation
Rathfriland Pre-School Playgroup is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities.
9. Analysis of trustee remuneration and expenses.
No Trustee received any payments other than for out of pocket expenses incurred.