Company registration number: N1606282 Charity registration numb¢r- 101320 KILLEAN PLAYGROUP LIMITED (A company limited by share capital) Annual Report and Financial Statements for the Year Ended 31 August 2022 SP McKeown & Co Ltd LnanereLI Lenifird ALLVLlnlUllts. RcskJt¢r¢d Auditvr$ & T#x Advisors 5 Lower Catherine Street Newry Co Down BT35 6BE
KILLEAN PLAYGROUP LIMITED Contents Reference and Administrative Details Sirategic Report Trustees, Report 3to4 Independent Examiner's Report Statement of Financial Activities Balance Sheet Siaiement of Cash Flows Notes lo the Financial Statements 9t0 17
KILLEAN PLAYGROUP LIMITED Reference and Administrative Details Charity Registration Number 101320 Company Regislration Iyumber N1606282 The charity is incorporated in Northem Ireland. 2 Kellys Road Killean Newry Co Down BT35 8RY SP McKeown & Co Ltd Chartered Certified Accountanls. Register¢d Auditors & Tax Advisors 5 Lower Catherin¢ Street Newry Co Down BT35 6BE Registered Offiee Independent Examiner Bankers Danske Bank Newry 58 Hill Streel Newry BT34 1 BD Page I
KILLEAN PLAYGROUP LIMrrED Strategic Report for the Year Ended 31 August 2022 The trwstees, who are direGtors for the purposes of ¢ompany law. present their strategic r¢pJrt for the year ended 31 August 2021 in Compliance with s414C of the Companies Act 2006. Fln&n¢lal ree Poliry on reserv In line with recommended practice from the Charity Commi89)n for North¢rn Ireland. the play8roup has established a rcserves policy io ensur¢ the stability of the mission, progr8mrne. etnployment and ongoin8 operations of the or8anisation. The l8rget minimum reserve fund has been identified as £60.(KK) which ensures that the Core activity of Killean PlaY0Up Ltd could continuc during a penod of unfor¢seen drfficulty in relation to the sa18ries, day to day TunninB and in the evajt of redundancies. A prowrtion of these TerVeS have to be maintained in a readily realisable fi)rni. Fundraising will continue on 8 year to y¢8r basis. The strate¢ report was 84pproved by the trustees of the chariiy on 26 May 2023 and 5]ed on its behalf by.. Mrs Pauline Dowdall Trustee Mr8 Collette K Twstee P88e 2
KILLEAN PLAYGROUP LIMITED Trustees, Report The trustees. who are directors for the purposes of company law. present the annual report logether with the financial slalements of the charitable company for the year ended 31 Augusl 2022. Objeelives and activities As per the constilulion. the company's objectives and activities are specifically restricted to the following: to promote play based learning environments for all children under statutory school age (hereinafter referred to as the beneficiaries) of Killean and its surrounding greaier ward area (hereinafter Called the 'area of benefit") without distinction of agpe, gender, marital siaius. disability. Sexual orientation. nationality. ethnic identity, polilical or religious opinion, by associating the stiilulory authorities, community and voluntary orgyanisalions and Ihe inhabitants in a common etTort 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 right of parenis/carers to take responsibility tor and to becom¢ involved in the activities of che group and to pi'omole the preservation of health of the beneficiarie5; (b) lo support the vision and values of Early Years- Ihe organisation for young children (hereinafter called 'Early Years,). (c) lo advance any other exclusively charitable purpose as the directors may, from time to time, decide in accordance with the law of charity. The playgroup is open Monday to Friday - 9,00 to 12.30 and employs 4 qualified staff. It provides a facility wl)ere the children can learn in a safe and stimulating environment at their own pace. The playgroup works 10 provide the pre-school curriculum and is proud lo have been recognised by Early Years with an Accrediation. In setting our objectives and planning our activities for the year Ihe Irusiees have &)iven careful consideration to the Charity Commission lor Nonhern Ireland's gFuidance on public benefit to ensure ihat the activities have helpLd to achieve the charity's purpose5 and provide a benefil to the ben¢ficiaries. ObJeL'ilve&, slralegle,s and actlviiles I'he School reopened after Covid-19 rvslrictions in Siptember ?020. After a difficult few months of workin¥ from home and keeping7 in touch wilh parents and children virtually. this wa5 a welcome reli¢f. Objeciives include gelling children back to a nornial routine and enhancing learning and development througyh face to face teaching, Going eoncern Managiement have considered a period of ai least 12 months from the date of approval of these financial statemen15 as part of their assessinenl of the appropriateness of the byoing concern assumption. and have concluded that Ihe going concern basis is appropriate. The effect of Covid-19 in 2020 has not created any doubt on the ability of the company to continue. Being a childcare facility. the premises were instructed to close but the company 15 SUPPOrted by the Department of Education and has sufficient reserves lo meet ils financial oblig?ation5. Trustees and orricers The trustees and officers serving during the year and since the year end were as follows.. Mrs Pauline Dowdall Mrs Fionnuala O'Neil Mrs Collette King Mr Patrick Mc Namee Trustees: Page 3
KILLEAN PLAYGROUP LIMITED Trustees, Report The annual report was approved by the trusie¢s of th¢ charity on 26 May 2023 and signed on its behalf by.. Mrs Pauline Dowdall Tnte¢ Mr8 Collette Kmg TThree Slruclure? governan¢¢ and management Organisdional strmdure Killean Playgroup is a company limited by guarantee and accepted as charitable by HMRC. The company is also a registered charity witb The Charity Commission for Northern Ireland der charity number 101320. Tbe rnpany was incorporated on 22nd Febnwy 2011. The company was established under a Memoranduo] of Association which esthblished the objects and powers of the compally, 8nd is governed by its Articles of As'sociation. The liability of the members is limited in that every member of the company undertak¢s to contribute and amount not exceeding £1 in the event of the Company being wound up. Recruilrnent and Appointment of Directors The Gkwity Intee$ are also directors of the coukpany. There were no ¢hanges to the DirlorS during the fmancial year. Organisalion Srncture The Board consists of four Trustees who administer the playgroup and meet monthly. The B0d has 8ppoinled Play8roup Leader to manage the day-t041ay operations of the Playgroup. The Playgroup leader has delegated authority, within tern)s of delegated 8pproval. for operational matters including staff supervisiory d¢'Very of Playgroup activities and bud8etary management. The Playgroup is allIated to the Early Years or88nisation 8nd orks very closely with their Early Years Specialist to ensure that staff are up-to-date with policy and practice within the tOr. Staff also Undake regular trainitig. Page 4
KILLEAN PLAYGROUP LIMITED Independent Examiner's Report to the trustees of KILLEAN PLAYGROUP LIMITED ('the Company,) I report to the charity trustees on my examination of the accoun15 of the Company for the y¢ar ended 31 August Responsibilities and basis of report As the chariry's trustees of KILLEAN PLAYGROUP L.IMITED (and also its directors for th¢ purposes of company law) you are responsible lor the preparation of the accounts in accordanc¢ with the requirements of the Companies Act ?006 ('the ?006 Act,). Having satisfied myself that the accouiits of KILLEAN PLA YGROUP LIMITED are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. it is my responsibility lo.. examine the accounts under seclion 65 of tlie Chariiies Act (Northern Ireland) 2008. to follow the procedures laid down iii the general Direciions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act: and lo slate whether particular matters have come to my attention. I have examined your charily's accounts as required under section 65 of the Charities Act and my examinalion wa5 carried out in accordance with the general Directions gyiven by the Charity Commission for Northern Ireland under section 65(9)(b) of Ihe Charilies Act. The examination included a review of the accountiiigy ricords kLpt by Ihe charity and a comparison ol- rhe account5 pr¢5eni¢d with those records. It a150 includes consideralion of any unusual items or disclosure5 in the accounts, and seeking explanations from you as charity trustees concerning any such marters. Independent examiner's statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examinalion bFiving me cause to believe.. l. accounting records were noi kept in resp¢rt of KILLEAN PLAYGROUP LIMITED as required by section 386 of the 2006 Act: or 2. Ihe accounts do not accord with those records. or 3. the accounts do not comply with ihe accounting requirements of section 396 of the 2006 Act other than any requirement tliat ihe accounts g?ive a 'true and fair view, which is not a matter considered as part oran independeni examination: or 4. the accoLints have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for aLcounlingi and reponing by charities lapplicable to charities preparing their accounts in accordance with the Financidl Reporting Standard applicable in the UK and Republic of Ireland (FRS 10211. I have no concern5 and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Shane MC Keown BA (Hons} FCCA Cliartered Certified Accountants, Registered Auditors & Tax Advisors 5 Lower Catlierine Sireel Newry Co Down BT35 6BE 26 May 2023 Page 5
KILLEAN PLAYGROUP LIMITED Statement of Financial Activities for the Year Ended 31 August 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrieted funds Restrieted funds Total 2022 Note Income and Endowments from: Donations and legacies Investment income 16.487 108 49,785 66.272 108 Total income 16,595 49,785 66,380 Expenditure on: Raising funds Charitable activities (440) (16,169) (440) (63,222) (47,053) Total expenditure Net (expenditure)lincome Net movement in funds (16.609) (47,053) (63,66?) (14) 2,732 2,718 (14) 2,732 2,718 Reconeili4tion of funds Total funds brought forward Total funds carried forward 19,237 (1.572) 17,665 16 19,223 U nre51ricted fund$ 1,160 Restrlcted funds 20,38.3 Total 2021 IYot¢ Income and EndowmeDts from: Donations ¢ind ILbJacies Investment income 26,891 79 38.825 65,716 79 Total income 26,970 38,825 65,795 Expenditure on: Raising funds Charitable activities (2) {12,467) (2) (52,864) 40.397 Total expenditure Net incomel(expenditure) (12,469) (40,397) 52,866) 14.501 {1.572) 12,929 Net movement in funds 14,501 (1,572) 12,929 Reconciliation of fund5 Total funds brought forward Total funds carried forward 4.736 4,736 16 19,237 {1.572) 17,665 All of the chariry's activities derive from continuing operations during the above two periods. Th¢ funds breakdown for ?021 is shown in note 16. The notes on pages 9 to 17 fomi an integral part of these financial statements. Page 6
KILLEAN PLAYGROUP LIMITED (Registration number: N1606282) Balance Sheet as at 31 August 2022 2022 2021 Note Flxed ets Tanble a&8ets CMrreDI aMet¥ Debtors Cash at bank and in hand io 426 533 7C() 85,314 173 88.686 12 88,859 86.014 Credltor•: AUntI flllng dut wtthln one year Net current as0 13 1.295 1,275 87,564 84.739 Total assets le•9 eurYeTrt IlbllltleJ Credlton: Amount• falllng due after nwye th4n one year 87,99) 85,272 14 (67,607 67.607 20.383 17.665 Fund$ of the ebrlty: Regtrkted Income funth RcsLncted tunds I,i(A) (1.572) Unrejtrlcted In¢ome fund• Unrestricted funds 19,223 19.237 Tot41 fundj 16 For the fm8ncial year endmg 31 August 2022 th¢ ¢harity wag eThtilld to ex¢mplion from audit under section 477 of the Companies Act 2(X)6 relating to small companies. Dir¢ctors' responsibilities.. Tbe m¢mbers have not r¢quired the charity to obiain an audit of its acKounts for the y¢8r in question in accordance with section 476. and The directors acknowleAlge thew r¢sponsibilities for (xJmplyin8 with the requirements of the Act with respect to deunting records and the pr¢paration of accounts. The fanLIal statements on pages S to 16 were Bpproved by the trustees. and authorised for issue on 26 M&y 2023 and signed orA their behalf by.. Mrs Pauline Dowdall Trustee Mr8 Collette Kin8 Tn¢£ The notes OD pagesq to 17'.0rn) an integral part of these fmancial statements. Pa8e 7
KILLEAN PLAYGROUP LIMITED Statement of Cash Flows for the Year Ended 31 August 2022 2022 2021 Nole Cash flows from operating activities Net cash income 2,718 12,929 Adjustments ¢0 cash flows from non-cash items Depreciation Investment income 107 (108} 133 (79) 2,717 12,983 Working capital adjustments Decrease in debtors Increase in credilors 527 20 729 25 13 Net cash flows from operating activities Cash flows from inves¢iD2 activlties Interest receivable and similar income Net increase in cash and cash equivalents Cash and cash equivalents at I September Cash and cash equivalents at 31 August 3,264 13,737 108 79 3.372 13.816 85.314 71,498 88,686 85,314 All of Ihe cash flows are derived from contiiiuin&i operations during the above two periods. The noies on pages g to 17 fom an inte¥ral part of these financial statements. Page 8
KILLEAN PLAYGROUP LIMITED Notes to the Financial Statements for the Year Ended 31 August 2022 I Charity status The charity is a charity private company limited by guaraniee and consequently does not have share capital. Each of the trustees 15 liable to contribute an amount not exceeding £ I towards the assets of the charity in the event of liquidation. The charity is registered Northern Ireland. The address of its regi5t¢red office is: 2 Kellys Road Killean Newry Co Down BT35 8RY These financial statements were authorised for issue by the trustees on 26 May 20?3. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial sialements are set out below. These policies have been consistently applied io all the years presented. unless otherwise stated. Statement of compliance These finaTicial statements have been prepared in accordance FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Praciice applicable to charities preparing their iiccounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRSIO?) (Charities SORP (FRS102)), the Charities Act (Northem Ireland) 2008 and Companies Act 2006. Basis of preparation KSLLEAN PLAYGROUP LIMITED meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless Otherwise stated in the relevant accounting policy noies. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significanl areas of uncertainty that affect the carrying valLse of assets held by the charity. Income and endowments All income is recognised once the charity has entitlement to the income, il is probable that the income will be received and the amount of Ihe income receivable can be measured reliably. Page 9
KJLLEAN PLAYGROUP LIMITED Notes to the Financial Statements for the Year Ended 31 August 2022 Doiidlioiis and legacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subjeci lo conditions that require a level of performanLe by the charity before the charity is entitled lo the funds. the income is deferred and not recognised until either those conditions are fully met. or the fulfilment of those conditions is wholly within the conirol of the charity and il is probable that these condilions will be fulfilled in the reponing period. LebFacy gifts are recognised on a case by case basis following the grant of probate when the administratorlexecutor for the esiate has communicaied in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recobJnition is subjecl to the value of the gift beinb) reliably measurdble with a degree of reasonable accuracy and the title lo th¢ assLi having been transferred io the charity. Granls recelvable Granls are recognised when the charity has an entitlement to the funds 8nd any condilioiis linked to Ihe grants have been met. Where performance conditions are attached to the grani and are yet to be met. the income is recognised as a liability and included on tli¢ balance sheet as deterred income to be released. liive&lmenl Inc'ame Dividends are reco&?nised once the dividend has been declared and notification has been received of the dividend due. Expenditure All expenditure is recobinised once there is a legal or construclive oblibialion to thai expeiiditure, it is probable seltleinent is required and the amount can be measured reliably. All costs are allocated 10 the applicable expeiiditur¢ headiiig that aggregate similar costs to that category. Where costs cannot be direcily atlribuied 10 particular headinL7s Ih¢y have been allocaied on a basis consisteni with tlie use of resources, wirh central staff costs allocated on the basis of lime spent. and depreciation ch&irg¢s allocated on the p()rtion of the asset's use, Oilier support costs are allocaied based on the spread of staff costs. Ral.Ilnxfunds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise fund5. Cliarlluhle ucilvlile Charitable expendilure comprises those costs incued by the charity in Ihe deliv¢ry of its activities and services for its beneficiaries. li includes both cosls that can be allocated directly to such aclivities and those costs of an indirect nature n¢cessary to support them. upport costs Support costs include central functions and have been allocated to activity cost categories on a basi5 consisteni with the use of resource5, tor example. allocating property Costs by floor areas, or per capita, staft costs by the time spent and other costs by their usage. Governance c05t5 These include the costs attributable to the charity's compliance with constitutional and statutory requirements, includingy audit, Strategic management and trustee5 meetings and reimbursed expenses. Pag¢ 10
KILLEAN PLAYGROUP LIMITED Notes to the Financial Statenjents for the Year Ended 31 August 2022 Government grants Government g?rants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grant5 relating to revenue are recogni5ed in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the assei. Where part ot. a grant relating to an asset is deferred, it is reLognised as deferred income. Taxation Tlie charity is considered lo pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it nieets the detiniiion of a charitable ColpanY for UK corporation tax purposes. Accordingly. the liarity is potentially exenipt from taxation in respect of income or Lapital gains reLeived wiihin caleg?ories covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Charbieable Gains Act 1992, to the extent that such income or gain5 are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £ 100.00 or more are initially recorded ai cost. less any subsequent accumulated depreciation and subsequent accumulated iinpairmeni losses. Depreciation gnd amortisation DLprLcialioii is provided on iangible fixed assets so as to write off the cost or valuation. less any estimated residlial value. over their expected useful economic life as follows: Asset elass Pldnt and machinery DepreciAlion method and rate 200/0 reducing balance basis Trad¢ deblors Trade debtors are amounts due from ru5tomers for merchandise sold or services perfomied in the ordinary course of bL15ines5. Trade debtors are recognised initially at Ihe Iraiisaclion price. They are subsequently measured at amortised cost using7 the effective inieresl method, less provision for impairment. A provision for the impairment of trade debtors is established when th¢re is objective evidencc that the charity will not be able to collect all amounts due according lo the original (erm5 of Ihe receivables. Cash and cash equivxlents Cash and cash equivalents Comprise cash on hand and call deposits, and other 5hort-term higihly liqiiid investments Ihal are readily convertible 10 a known amount of cash and are subject to an insignificant risk of change in value. Page 11
KILLEAN PLAYGROUP LIMITED Notes to the Financial Statements for the Year Ended 31 August 2022 Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Inter¢5t-bearing borrowings are subsequently carried at amortised cost, witli th¢ difference betw¢en ihe proceeds. net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to def¢r settlement of the liability for al least twelve months after the reportingy date, Foreign exchange Transactions in foreign currencies are recorded al the rale of exchange at the date of the transaction. Monetary assels and liabililies denominated in for¢i&rn currencies al the bal¢ince shcel date are reported at the rates of e¥change prevailing at thal date. The resu115 of overseas operations are translated al the average rates of exchange during the period and their balance sheels at the raies ruliiigJ at the balance sheet dale. Exchangye differences arising on translation of the opening nel assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling inierests a5 appropriale). Other exchange differences are recognised in the Statemeni of Financial Activities in the period in which they ai'ise except for: l ) exchange differences on transactions entered into to hedge certain foreign QUenCY risks (see above). 2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income. and 3) in the case of the consolidated tinancial statements, exchange difference5 on monetary items receivable from or payable to a forei&in operation for which settlement is neither planned nor likely io OCCLir (therefore forming part of the net investment in the foreign operalion), which are reco¥nised in other comprehcnsive income and reported under equity. Fund struetvre Unrestricted income fund5 are general fund5 that are available for use at the trustees discretion in furtherance of Ihe objectives of the charity. Restricted income funds are those donaled for use in a particular area or for specific purposes, the use of which is re5tricled to that area or purpose. 3 Income from charS18ble activities Page 12
KILLEAN PLAYGROUP LIMITED Notes to the Financial Statements for the Year Ended 31 August 2022 Unrestricled fund5 General Restricted funds Total funds Playgroup Fees Donations SELB Grants Other Grants HSCB Grants SHSCT Grants Supported leaming grant Total for 2022 11,540 3,990 11.540 3.990 i8.847 7,058 2.400 780 700 38,847 7,058 2.400 780 700 15,530 49.785 65.315 Total for 2021 26,280 38,825 65,105 4 Investment ineome Unrestrlcted funds General Total funds Interesi receivable and similar income. Inleresl receivable on bank deposits 108 108 108 108 Tolal for 2022 79 79 Total for 2021 S Expenditure on chAri18ble activities Unrestrieted funds General Restricted funds Total runds Note 13.739 1.135 5,774 41,270 19,513 42,405 Staff costs Allocated support costs Governance costs 1,295 Total for 2022 16,169 47,053 63.222 Totsl for 2021 12.467 40.397 52,864 Unrestricted funds Restricted funds Total 2022 Total 2021 CenerAI Charitable artivites 14.874 47.053 61,927 51.589 Page 13
KILLEAN PLAYGROUP LIMITED Notes to the Financial Statements for the Year Ended 31 August 2022 Activity undertaken directly Grant funding of activity Total expenditure Charitable activity 14,874 47.0.53 61,927 Totsl for 2021 11,192 40,397 51.589 6 Trustees remuneration and expenses No trustees. nor any persons connected with them. have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 7 Staff costs The a¥&?regate payroll costs were as follows: 2022 2021 Siaff costs durlng the year were: Wabies and salaries Pension costs 41,552 853 36,533 1,158 42,405 37,691 The monthly average number of persons (including senior management I leadership team) employed by the harity during the year expressed as full time equivalent5 was as follows.. 2021 2022 Average number of employ¢¢5 No employee received emoluments of more than £60.000 during th¢ year. 8 Independent examiner's remuneralion 2022 2021 Examination of the financial 5tatemen15 1,295 1,275 Page 14
KILLEAN PLAYGROUP LIMITED Notes to the Financial Statements for the Year Ended 31 August 2022 9 Taxation The charity is a registered charity and is therefore exempt from iaxation. 10 Tangible fixed assets Furniture 2nd ¢qtsipment Total Cost At I September 2021 1,600 1,600 At 31 August 2022 1.600 1,600 Depreciation At I September 2021 Charge for the year 1.067 107 1.067 107 At 31 August 2022 1,174 .174 Net book value At 31 August 2022 426 426 At 31 August 2021 533 533 I l Debtors 2022 2021 Other debtors 173 700 12 Cash and cash equivalents 2022 2021 Cash at bank 88,686 13 Creditors: smounts falling due within one year 2022 2021 Accrua15 1,295 1,275 14 Creditors: amounts falling due after one year 2022 2021 Other loan5 67,607 67.607 Page15
KILLEAN PLAYGROUP LIMITED Notes to the Financial Statements for the Year Ended 31 August 2022 15 Share capital 16 Funds B818nce at I September 2021 Incoming resources Resou rces expended Balance at 31 August 2022 Unrestrieted funds General 19,237 16,595 (16,609) 19,223 Restri¢¢ed funds (1.572) (47.053) 1,160 Total funds 17.665 66.380 {63,66?) 20,383 Balance at I September 2020 IDcoming resources Resources expended Bxlance xt 31 August 2021 Unrestrlcted fund5 General 4.736 26,970 (12.469) 19,237 Restricted funds 38,825 (40.397) (1.572 Total funds 4,736 65.795 152,866) 17,665 17 Analysls of net assets betiveen funds Unrestricted runds General Total funds at 31 August 2022 Restricted funds Tangible fixed assets Current assets Current liabilities Creditors over l year 426 85,012 (1,295) (67,607) 16.536 426 88.859 (1,295) (67.607) 3.847 Total net assets 3.847 20,383 Page 16
KILLEAN PLAYGROUP LIMITED Notes to the Financial Statements for the Year Ended 31 August 2022 Total funds at 31 August 2021 Unrestricted funds General Restricted funds Tangible fixed asset5 Current assets Current liabilities Creditors over l year 533 85.314 (1.275) (67.607) 700 86,014 (1.275) (67,607) Total net assets 16.965 700 17,665 18 Related party trAnsJetions During the year the charity made the following related party transactions: Killean Playgroup (Killean Playbiroup Limited took over the trade of Killean playbproup (LAnincorporated entity). Killean Playgroup loaned an amount of £67.606.93 to the limited company. This debi is not secured) At the balance sh¢et date the amuuni due to Killean Play&>roup was £67,607 (?0?1 £67,607). Page 17