Compan!. reujsts-ation number- N1606282 Charilj. re(FlStration nuinber.. l O l i20 KILLEAN PLAYGROUP LIMITED IA compani. limited b), share capital) Annual Report and Financial SialeieTrt5 for ihe Year Ended J l Auuust ?O?- SP MLKeoivii & Co Ltd CharterLd Ccill fied Accountants. ReTristered Audilors & Tai Advisors 5 Loii'er Cc11hci-ine Sireel Co Doi¥'ii B'l J5 6BL
KILLEAN PLAYGROUP LIMITED Contents Reference and Administrative Details Strate(Jic Report Trustees, Report Independent Exaininer's Report Staleiment of Financial ActiN'ilies Balaiice Sheet Statement of Q'ash F loii's Notes 10 the Financial Stateinents 9t0 17
KILLEAN PLAYGROUP LIMITED Reference and Administratii'e Details Charit!. Registralion Number IOlJ20 Compan! Registration Number N1606?82 The cliarili. is incorporated in Northern Ireland. 2 liellN's Road Killean Registered Office Co Doii'n BT-,5 SRY Independeni Eyaminer SP McKeoii'n & Co Ltd Cliartered Cenified Accounfaiits. Reoisiered Auditors & Tax Advisors S l.oiver Catheriiie Streei Co Doi%n BT)) 6BE Bankers Danske Baiik fi8 Hill Street Neiin. BTJ4 1 BD Pave I
KtLLEAN PLAYGROIIP LIMrrED Str¢egK Rep•Yt for tkn Ytsr Ended 31 Ayt 2023 .11 Auwi12Q2.1. 111 (X)n4)li3n¢e lIh 414C 13f the Ci)JWi¢ A¥1 ?(A. In line with re<x)nrnded practice from the Clwity COMMI for Northern trelJnd. the playgmup has estab]itheA a rn p)licy to the stability of Ibe JnisSi p[D8[. auploymott aud Ollgoin8 q)¢raiit)n of th¢ iNwiisl1iim. Th¢ fimd haN Iw) iikntifiol •% £(,{xX) ¢n%ures th&1 the core ]VitV of Pla) gtoup Ltsl could coulinu¢ duting a p¢ri(Nl of unfoTose¢n diffK¥lty in r¢lation yr li) y.r k8iS. The.qtral¢gic rwA)rt Kfr&" &pprotr"ed by Ilw of thè f&ity 0ft.14 kfy &nd (My. li* IWIry: MrsPaulinc Tn[( Mrs. Collett¢ Kiog Page 2
KILLEAN PLAI'GROUP LIMITED Trustees, Report The iruslees. ii'ho are directors for thc piirposes of coiiipan!. laH'. preseiit the annual report toueiher M'ith the rinancial siaieinenis and audiiors. report ol.the charilable compan!. for Ihe N'ear ended i l Auousi 202). Objectives and actii'itie5 As per the conslilulion. the coinp1c n!. s objeciives and aciivilies are specificall! restricied 10 the followino- ro proniote plaN, based learnin(F enN'ironmeni% foi all childreii under stalLiloTh" school acye Ihereinafier referred to as the beneficiarie%) ot. Tk illean and ils surrouiidini 'reaier iiaid area Iliereinafter called ihe -area of benefit") without d Istinclion of due. uender. Inarilal slatus. disabilit!,. sexual orienialioi). iiationality,. etlinic identity. poliiical or rel iiiious opinion, bi. a%£ociatiiiu Ilie staluiory auil)orilies. coiniiiunilN.' and voluntary oroanisations and the inhabitants in c? coinmon etyort lo advance education. and in particular. (a) t() adi'ance the education ot the beneticiaries bK IhL proiwjsion of %¢ife aiid satisfi.'ing ?roup play. Ivith the righi of parenislcarvrs to take responsibiliti. t-or and to becoine involved in the aciivities of the (Jroup and to proinote the preservation of Iie1L Ith ot Ilie beneficiaries= (bl to SLlPPOrt the visioi) and value5 01- EarlN Years- IhL oruuiii3ation for l'ounu cliildrcn (hcrcinafter called 'Early Years'}: (c) to advance anN' oihl'r eNclusii'L'I!' cli<iritable purpose as the directors mai.. froin tinie to tiine. decide in accordance ivith the 1aM. of charits.. The pla!. (sroup 15 open Monda!. lo FridaN 9.00 10 12.JO and eiMplo!s i qualitied staff. It provides a facilitN' .here the Lhildren can learn in a sat-e and sliinulalin? environmeni al tlieir 0,n pace. The pla512roup works to provide the prt-school curriculuin and is proud to liave been recooiiised bi Earl!. Years iwitli ali Accrediation. In settinLT our objectives and plannino our activities for ihe Near Ihe Irusiecs have uiven careful consideration 10 the Clihritv Cominission for Northern Ireland s <)uidance on Pliblic benefit to ensure that tlie activities have helped to achieve the charilN' % purp()s¢¥ and provide a benefit lo ihe beneticiaries. OhjeL'tive.i. .slriilegie.s uiicl ac'lii'ilie.s The SLhool reopened after Covid-19 restrictions in Sepiember 2020. After a dI7cUlt feii. months ot working froin hoiiie and keepinLT in IouLh ii'ith pJrcnts and cliildren virtuall!.. This 14 as a i¥elL()Ine i-elief. Objectives iiillude (Fettin(F children back to a nornial routine and enhancinu learnino and developiment throuu taLL' lo tace teachiiii Going eoneern Man¢lQF¢iiienl have considered a period of ai leasi l? nionihs froin the date ot approval of tliese financial slateiiiLnt% as part of their assessiiieiil of the appropriateness of Ihe uoiiiu coiiceim assumption, and have concluded that Ihe ijoinu concern basis is appropriale. The eftect ot- Covid-19 in 20?0 has not created an!. doubt on the abilit!. of the coinp1< ni. to continue. Bein15 a childcare faLilili'. Ihe preniises i%'ere instructed ro close bul Ihe coiiipaiiN' is supported b!. the Depaitnienl of Education and has Sufficient reserves to Ineei ils tinancial obliuaiion5. Trustees and orrietrs The trustees and otticers serN'in(* durinil Ihe lear and since the N'ear end ii'ere as folloivs: Trustees.. Mrs Pauline Do.datI Mrs Fionnuala O'Neil Mrs Collette Kin Mr P&lll'ick Mc Nainee
KILLEAN PLAYGROUP LIMITED D15closure of finftsrmation to auditor Each has laL¢D sty that they ougbt io have tak as a tnLc ID orts to m2L"e tImV&S aware of ally leiiani au4ii 2iif4im?Ill[ l{) <4ab]ith that ¥41ffj"'8 audi14Y js i)f that infiThi?liill. The ini8lees confirnA tb# th&¥ ittfODNt1 know (if tFw ik. &Kl&iiir i IirKiV&re. The Nx)rt Ia5 4)l¥bW by the anL4Lkn of the ¢b#rity i)n 14 May x)24 iL% lthalf by: Mk3 Paulill¢ lJ)wdall Tr($ Colldk Tn%< Kill¢an Playwup is a company limit1 by 8vraD and wted as ¢haritabl¢ by HMRC. The company is also a regI¢r clty ivilb The CkwRty' C(xnMiOll for Nortbern Irdalld uDda- chatity 101320. The company inbi)ItXYiiieQ ortr ?J? Id Febn 2011. Tr (XKnPW Trk &<&blithl 4 MikTKYan&kfft of A&lation which ¢aablished thc obj¢¢ts a1 powers of the company. and is governed by its ATticlts of Awiati<¥L The liabilit), of th¢ maulms is jimitoj iu that evoy of Ihe (x)n)pany UDLkttskn to Iltrilxxe >d Iiot ex'¢diti8 £1 in Ibe ev&it of th¢ o)mpth}' Ilg 7)Und w). Recrnitment alld Appointment of Directors fin&n¢i&l y¢&r.. Or8anisation sIntur¢ a PIIy8f¥X4) li) 14wia8¢ th¢ Ilay4114ay i)PXi4)N of the Playbknli4). The Plé>gn)up149dtr ha. Ikl¢8aied U171Y. Within terms of delegated approvaL for optralion21 nmtters itiGludiDg #aff swp0visi0 delivery of PJa} groiw activities budgetary nwia8eiiieiiL The Playgroup is affilialed to the Earty Years (Ygallisatioll and workk trery their Eafty Year%" its th&t are up4o&L¥ p¥*tic¢ wtthin th¢ Wor. %laff al uod¢na&'e It81ar training Page 4
KILLEAN PLAYGROUP LIlITED Independent Examiner's Report to th¢ trustees of KILLEAN PLAYGROUP LIMITED ('the Compani",) I report lo the charity, trustees on m}. eYamina(ion of ihe accounts of the Compan)" for the l'ear ciided J l August Responsibilities And basis of report As ihe charil) s trustees ol- klLLF..4N PL.41'CJROL'P LINIITED laiid also ils directors for the purposes of coiiipan!. laiyl you are responsible for ihe preparaiion ot. the accounis in accordanee ii'iili ihe requireiiients of tlie Conipanies Act 0061'the ?006 .4ct- i. Having satisfied mvself that the account5 Ot KI LLF..4N PL.41'GROLIP LINIITF.D are not reqiiired to be audited under Part 16 of the ?006 .4ct and are elii>ible for independeni elaiiiination. it is In!, responsibility. to.. exainine Ihc llccounts under section (Trs of Ihc Chariiies .4Lt IN'ortherii Irelaiid l ?008: to folloiv the procediires laid doii'n iii tlie eneral Direciions given bl. the Charit>, Commission for Northern Irelcind under section 6iig11 bl of the Cliarities .4cl' aiid to stale iwheiher particiilar mailers Iiai'e come to m!. anention. I have e.Namined your chariii. s aLLOLints as reqliired under seciion 6) of the Charities .4ct aiid li1 e.xai))ination was CL2rried OLrt iii accordaiice i¥iih Ilie cpeiieral Direclioiiq i)ii'eii bi Ihe Cliaritt. Comiiiiqsion for Northern I reland under section 651911 b i of tlie Charilies .4it. Tlie e.xaminatioi? included a reie. of tlie accounting I'ecords Lept b!. the ch¢1ritJ' and a comparison of the accounis prcs¢nted ii'iih those rccords. It also iiicludes consideration of ali), unusual ilcnis or disclosures in the a¢count5. and seeKinL eiplanations from you as charity trustees concernin(Tr 1< n), such m<ltters. Independent exAminer'$ 5tAtement I have coinpleied m). e.xainination. I confirni tliat no fftatters hai'e come to tni, attention iii connection iviih the eyaminatioii givincF nie cause to beliei'e- ac¢oiiniiniF records ¥%'ere not kept in respect of KILLEAN PLAI'GROI IP LIN4ITED as required by section -186 of the ?006 Act: or ? the accoiinl_q do not accord iith those records= or 3. the accounis do not compli" i%"ith thc accouiilincF rcquireinents of seLlioii _)96 of Ilie 7006 .4cl other than an). reqiiirement that thc accounts £Five a 'trLlC and fair i ieii, ii,hich is not a iiiatter considered as part of an independenl eNaminalion- or 4. the accounts have not been prepared in accordance ii'ith the meihods and priiiciples of the Stateinenl of ReiuTnniended Priciice for accoui)tin(J aiid rLPOrtiii< bi. ¢l)ariiies [&ipplicable to charities prepariiii, thcii. accounts in accordaiice iwiih ihc Financial Reportiiig Standard applicable in the UK and Republic of Ir¢land IFRS IO•I]. I liave no concerns and hae coine aLross nu other Iiiaiiers in eonnectioii ii'.iili the eianiinatioii to ilhich attention should be drawn in this report in order io cnablc a proper undcrstandiii(Tr ol-tlie accouiits lo be reached. Shane NIL Keoivii BA i Honsl FCCA Chaitered Certified Accouniants. Reg)istered .4udiiof5 &. T&i Adiiisors 5 Loiver Catherine Street Nelvry Co Dolvn BTJ5 6BE 14 M<ly ?0?4
KILLEAN PLAYGROUP LIMITED &+tatement of Financial Actii:ities for the Year Ended 31 August 2023 (Including Income and Eipenditure Account and Statement of Total Recognised Gains and Losses} Unre5trieled funds Restricted funds Total 2023 Note Income and Endowments from: Donations and leiiaLies Investinent income 11,479 57.469 68.948 20i Total incoime 1.68? -57.J69 69.151 Expenditure on: Raisiii(I tiinds Charitable activities (542) (59.401) 116.777) {4?.624} Total expenditure {4?.6?4) {59.94J) Net lexpenditure)lincoine li.6j71 14.845 9.208 Net movement in funds (S.6J7) 14.84$ 9.208 Reconeiliation of funds Total tunds broutshi fo¥"ard 11 $72) Total funds carried t-orii'ard 16 l j.?7j Rcstricted fiiilds 29.fi92 Total 2022 Unrestricted fund5 Note Income #nd Endom'menls from: Donations and leoacies Investn)ent income 16.487 108 49.78.5 66.272 108 Total income 16.)95 49.78£ Expenditure on: Raising tunds Charitable activities (440) (16.169) (440} (6J,222) 147.0.5J I -roial expendiiure (16.6091 {47.05i} (6i.662) Nei (e.Kpenditurel,'incoine 114) 2.718 Nel Inovenient in funds (14) 2,718 Reeoneilixtion of funds Total fiinds brouuht t"orni'ard 11 57? 17,665 Total fiinds carried foN"<1rd 16 1_16(1 All of the charitN 5 activilies derii'e troin continuing operations duriii(J the above tii'o periods. The fiinds breakdown for 2022 is shoii'ii in note 16. The notes on panes 9 to 17 form an tnieoral part of these financial staieinents. Pau¢ 6
iaLLEAN PLAYGROUP LIMITED (Reptration llThlRr. Nt606282) BalAnce Sheet as at 31 August 2023 Note 2022 Fixed Tanb]e &ts C4rr¢ttt as¥¢ts io 341 426 Cash at Ertnk and 1>1 hd 139 97.914 98.153 173 12 88,859 13 96.858 87,564 97,199 87.Wi 14 67.&)7 67,6A)7 ?9.592 20.383 Rcstridcd fid$ 13273 Unre¥lii¢t¢a Ittcon funds 1.160 16.319 19.223 Totsl fttath 16 20J83 For th¢ financial ¢llthng 31 2023 the thatity was enlitled to exanption fiDJn audit sr¢tiOD 477 of the A# 2[K Ttlffiing io S11 Directors, r¢sponsibilitses: The mcmb(z8 ha74e not requir&l tk Gh&ity to obtan an audii of its a(XOUDts for tbe year in ill ¥Y¢Xion 476. The diLfCtors ac'kd8c tbeir ra$&111ticS for Ying with xrquimts of Ibe Act with •t The fin131 statants pages 6 10 17 were 4yoved bs. the a1 allthO for 14 May 20?4 and the?T behdfb>: MT>' Pauluic Dowvdall Mrs Colld* King The uolcs (In Pag 9 to 1:,7forni aTr mtcgTal part of th¢s¢ fmaDoal
KILLEAN PLAYGROUP LIMITED Statement of Cash Floii s for the Year Ended 31 August 2023 2023 2022 Note Cash flom's from operating actii'ities Net cash income 9.209 2,718 Adjustments to cash floivs from Jion-cash items Depreciation Iiivestinent iiicome 107 (108) 9.091 2,717 Work'ing eapital adjustments (Increasel,.'decrease in deb(ors Increase in creditors {66) 527 20 Nei cash floi%.'s from operatinij acti ities 9.025 Cash flows frotn inN'e5ting actii'ities Intere%1 receivable and similar incoine ios Nel increase in cash and cash equivalents 9.228 Cash and cash equivalents ai I September Cash and cash equivalents al J l Aiioust 88.686 85.j14 97.914 88.686 All of the cash floiys are derived from coniinuinu operdlions duTin¢J ihe above ttvo periods. The notes on paTres 9 10 17 fonn an inieml part of thesc financial stateinents. Paoe 8
KILLEAN PLAVGROUP LIMITED Notes to the Financial Statements for the Year Ended 31 August 2023 Chariti. status The charil). is a chariii. prI.ale compan!. liinited bi. (iuarantee and coiisequentl!. does not have share capital. Each ot the Irusiees is liable to contribute an ainouni not eiceedin(p £ I toii.ards Ihe assets of the charit). iii the event ot liquidation. The charilk is reuistered in Northern Ireland. The address Ot" ils reui5tered office is- 2 Kellys Road Killean Co Down BTJ5 8RY Thege tinancial slaieinents were auihorised for issue bi. Ihe trustees on 14 Mai. 2024. 2 Accounting policies Summar), of significanl accounting policies and kei. accounting estimates Tlie principal accountin¥ policies applied iii the preparation ot these finaiicial stateinents are set out below. These p()1 icies have been consisientli. applied to all the lears presented. unless otherni'ise slated. Statement of compliance These linanLial slateinen(s have been prepared in accordance FRSIO? 'The Financial Reportin Standard applicable in the UK and the RepLEblic ol. Ireland,. The Sialeinent of Recoiiiimciided Practice dpplicable to chdrities preparinTr iheir accouiits iii accord1( nLe ii.ith ilie Financial Reportinft Siandard applicable in the UK aiid RepiibliL of Ireland IFRS1021 (Charities SORP IFRS1021I. the Charities Act {Northern Ireland) 2008 and Conipanies Act 7006. Basis of preparation KII.I.EAN PLA YGROUP LIMITED meeis the definition of a public benefii entit! under FRS 102. Assets and li(Ibililies are iniiiall!. reLounised at hisioriLal Lost or Iransaciion value uiiless oiheN'ise siaied in tlie relevani accounting pol icy notes. Going concern TIIL, trustees consider that there are no material uncertainries about the charitii's abiliti. to continue as a uoing concern iior an!.. sioniliLanl areas of uiicenaii)li ihdl atTeci ilie c(1 inv i'alue of asse15 held bl, the chariti.. Income and endowments All in¢oine is reLo¥nised once the cl)arili has eiitiileiiieni 10 the incoiiie. it is probable tliat the inconie w'ill be received and the amount of the income receivable can be measured reliablN'.
KILLEAN PLAYGROUP LIMITED Notes to the Financial Statements for the Year Ended 31 August 2023 Doiiiitiiiii.s aiid legiicie.s Donations are recu<?nised iyhen the charir)" has been notified in rIlli}U of both the amount and settlement date. In ihe event that a donalion is subject to condilions that require a level of perfonnance b!. tlie charit!.. before the charitN' is entitled lo the tunds. the incoine i.s deferred and noi recoiyiiised uniil eitlier those coiiditions are fully met. or the fiiifi Iment of. those condiiions is li holli. ii'ithin ihe conlrol of tlie chai-il!., aiid it is probable that these coiidilions ii'i I I be lill fillL.d in tlie reportin period. Le(TracN' gifts are recounised on a case bi. Lase basis folloii.in the vrdnt of probate i¥'l)en tlie adininistrator. eieclltor t.or the esiaie ha5 coIMiiiunicated iii iN"riiinu boih Ihe ainounl and settleineni date. Iii the event that the oitl is in the tonn of ali assei othL'r than cash or a fin1< ncial asset Iiaded oii a reco(Fiiised stock exchanTre. reeo(7nition is subject to the i'aliie of the uift beiniy reliabl!" iiieasurable I.[[h a de¢Free ot reasonable acLuracJ' and the litle to Ihe asset havino been transferred to the charilK". Grttiil.% receii'uble Grants are recoiynised when the charili, has an entiilement to the funds aiid ani.. condilions linked to the orantS have been Inet. Where performance conditions are aiiaclied to the £rant and are let to be Inei. tlie incoine is recounised as a liabiliti.. and included on the balance sheet as deferred incoine to be released. liii'e5tiiieiil iiic'ipnie Dividends are recoiJni5ed once the dil'idend has been declared and noiitication has been received ot-the dividend diie. Eipenditure Al l e.xpenditure 1% recoftnised onLe tliere is a leiTal or conslruciivL (Iblii)ation lo iliat e.xpenditure, it is probable setileineiit is reqiiired and the amoiint can be Ineasured reliabl!.. All costs are allocated to the applicable e.Ipend iture headiiiii that aviFfL'(Jale siini lar Cosis lo tlial caie Tori"_ 1here cosis C(Iniioi be directl!. attributcd to particular headinus thei. have beerk al located on a basis consisient ii'itli Ilie use ot- resources, Ii'iih central siaff costs allocated on the basis of tiine spent. and depreciation char?es allocated on the portion of Ihe asset-s use. Oiher support costs are allocated based on the spread of staff costs. Riii.singfunc15 These are costs incurred in aiiraciinu voluntan. incoTne. Ihe Inanaoement of investtnents and Ihose incurred in tradino activities that raise fuiids. Clinriliible (i('lji7ilie.s Chariiable eNpend ilure CQTnprises those costs incurred b!. the charit!. in the delii'en. of lis activities and services for its beneficiaries. It includes both costs thai can be alloLil(ed directli to siicli Ilctivities and those costs of an indirect nature necessaryw lo support ihein. Support costs Support costs includ¢ central functions and haN'e been allocated to activili. COSI catetsories oli a basis consisient wilh ihe use of resources. lor ¢.iainple. allocaiinu propert!" costs bi. tloor areas. 01- per capila. staff costs b), the tiine spent and oilier cos15 bN their usaue. Goverilance fosts These inclii(Ic Ihe costs altribLltable io Ilie charilk s compliance ii'iih Colislitutional and 5tatutori' requireiiients. inL liidingj c1udil. -slrlc ieuic manaoement aiid Iruslees Ineetinus and reiinbiirs¢d eipeiises. Paoe 10
KILLEAN PLAYGROUP LIMITED Notes to the Financial Statements for the Year Ended 31 Auuust 2n2_3 Government grants Gok'en1111enl <)ranls dre recoiilliSL'd based on the JLci'ual Inodel and are Ineasured ai Il)e t-air alue of the asset received or receivable. Grants are classified as relatin? eiiher to revenue or to asseis. Grants relatiiiu to reveiiue are reco17nised in incoine over the period in ii'hich Ihe relaied costs are reco(Jnised. Grants relalinu to assets al'e recoiJnised over ihe expected useful life of the assel. W'liere part of a urant relaiinu to an asset 15 deferred, it is recotsTtised as deferred incoine. Taiation The cl)Jrit!' is considered to pass the tests sel out in Paraoraph l %chedule 6 of tlie finance Act ?010 aiid theretore il iiieels the defiiiition of a Lliarilable cotnpaii!. for Ul( corporation taN pui-poses. Accordinol),. tl7e charitN' is poleniiallN' exempt t.rom iaiation in respect of inconje or capiic11 cyaiiis received ivithin cateuories cowered b )' ChapiLr i P<?rt I l of the L"orporaiioii -fa.K Aci ?0 l O 01- Seclion ) 56 ot the Taialion of ChariTeable Gains Act l 99? to the exitni that such ii)come or (Fains are appl lcd c.KclusiN'el!' to charitabl¢ pui"poses. Tangible filed a55e15 Individual li.xed assets costinu £ 100.00 or Inore are iiiiliallj" recorded at cost. less an), subsequent accumulated depreciaiion and subsequent accumulated impaimieni losses. DepreciatÉon and amortisatÉon Deprecialii)n 15 provided on taniJible tiled ass¢t% 50 as io ilriie OIT ihe cost or valuation, less an), estiimated residual value. over their expected uset-ul econoinic life as follows.. Asset class Plant and niaLhiner%' Depreciation method and rate 200.0 reducin(J balaiice basis Trade debtors Trade debi()rs are ainounls due froin customers for nierchandise sold or sern'ices pert"onned in the ordinan, course of business. Trade dcbiors are recoTrnised initllc Ill" 1¢ I the Iraiisaciion price. ThL!" arL subsequentli. Ineasured ai aiiioilised cosi usin(Tr the etlective iiiterest Ineihod. less provision for impairinent. A pi-uvisioii for tlie iinpainiient of trade debtors is established ii'hen there 1.% objective evidence Ihal the charili. i%'ill not be able to collect all ainounts due accordints to rhe ori(iinal ternis of ihe receivables. Cash 4ind eash equ ii'alents C1<sh and ca.%h equiv<11LntS COTnprise cash on hand and call dcposits. aiid oihei- short-tenii hicFhl)' liquid inN'estineiits thai arL' re14 dil!. coni LriiblL to a kiioii'n aijiuunt of cash and ale subjevt to ali insi(Jniticani risk of change in value. Pave 11
KILLEAN PLAI'GROUP LIMITED otes to the Financial Statements for the Year Ended 31 August 2023 Borrowings Iiilcresl-bearin? borroii'inos are initiall!. rccorded at fair value. i)ei of Iranfiaction costs. Interest-bearin borrO.1ngs are subsequentli. carried at ainonisLd cosi. i¥'iih the ditlerenLe beti%een the proceeds. net of transaction cosls. and the ainoiint due on redeinpiion beii)c) recoiynised as a cliarve lo the Stc1temeiit of Fiiiancial Aciivities over the period of the relevanl borroii'ints Interest eipense is reco(Fnised on the basis of the effectiv¢ interest Imeihod and is included in interest payable and siinilar charues. Borroii'in<7S 1< re classified as curreni liabilities ui)less the cliarit!. lias an unconditional ri(Flit to defer settleinent of the liabil it!, tor at Icast lii'elve months after the reponinu dale. Foreign exchange Trans<lCtioiis in foreign currencies are recorded at ihe rate of eNchange at the date of tlie transaction. Mon¢lari' assets and liabilities denoininaled in foreiLFn curreiicies at ihe balaiice sheet date are reported at the lates of exchanije prevailinv at that dale. The results of overseas operations are translated at the averaoe rates of e.Kchanue durin the period aiid tlieir balance sheets al the ratcs rulin(Tr al ihe balance sheet dale. Eichanue dit7ei'ence% arisiiio on 117nslation of the openiniF nel assets and results of oi'erseas operalions are reported in other coiiipr¢liensive incoine and accLiinulated in equitN' (attributed lo non-controllinc) interesrs as appropriate). Other exchange difterences are recooni5ed in the Siateinent of Financial Activities in the period in hICh the). arise eNcept tor: I l exchange di fferences on Iransactions entered into to hedue certain foreion currenci, risks {see above). 2) exchanTre differences arising on vains or losses on non-monetaTh' ileins ii'hich are recouni5ed in other compreliensive incoiiie- and i ) in Ihe case of Ihe consolidated financial stateinents. eichanoe ditTeirnces on IOnetari, iteins receivable froi or pa!.'able io a foreitsn operaiii)n for ii'liich seiilemeni is neiiher plai)ned nor likeli" lo uccui- (Il)erefoi-e foriiiin part ot- the nei investiiient in ihe forei<71i operaiion). ii'hich are reco()nis¢d in oiher coi)Ipreliensive incoiiie and reported under eqiiil!. Fund structure Iliirestricted incoine t-unds are oeneral fiinds Ilial are aN'ailable for use at the trustees discretion in furtherance of the objectives of the charit!.. Restricted incoille liinds are those donaied fvr use in a particular area or for specific purposes. the use of which is reslricled to Ihat <lrea or purpose_ 3 Income from charitable aetii'ilies Paoe l?
KILLEAN PLAI'GROUP LIMITED Notes to the Financial Statements for the Year Ended 31 Au%ust 2023 Un restricted funds General Rcstrieled funds Total funds Fiindraisino Pla)'group Fees SELB Grants Other Grants 7.9)8 56.182 1.287 56.182 Total for 2023 10.sss 57.469 68.024 Total for 2022 49.785 4 Investment income Uiirestricted funds General Total fund5 Interest receii'able and siinilar incoille- Inlercsl receivable on bank deposits Total for 2023 Total for 2022 108 108 S Expenditure on charitable actii'ities Unrestricted funds Geiieral Restricted lunds Total funds Note li.892 18,920 Staft- costs Govemance cosis 1,295 Total for 2023 16.777 47.6?4 Total for 2022 16.169 Unrestricted funds General Restricted funds Total 2023 Total 2022 Charitable activite5 i8.106 61.927 Pa{Fe l )
KILLEAN PLAYGROUP LIMITED Notes to the Financial statement.s for the Year Ended 31 August 202_3 Acti.1(. undertaken directli" Grant fiiilding of acti it}, Total expenditure Charitable activity 47.624 -f8.106 Total for 2022 14.874 61,927 6 Trustees remuneration and eipenses No trustees. nor an} persons connected ii'iih Iheiii. have i-eceived ani" reinui)eration from the charit). durino the year. No trustees have received an. reimbursed eNpenses OT anv other benefits from the charit). during the }'ear. 7 Staff costs -Ihe ag yureg<1te pa'r0]I costs iiere as folloil's: 20?3 2022 Staff costs during the l'ea r were: Wa¢Jes and salaries Pension costs 41.552 853 851 i9.186 42.405 The Inonthl5' avera(Je nuinber of persons l includinij seiiior manaueiiient leadership team) einploved by the charily dui-iiig tlie Jear expressed as full rime equivalents Il'as as folloivs-. ?023 2022 P*'o Average number ot-emplo!'ee5 No einplo)'ee received emoluinenls ot Inore than £60.000 durinu the l'ear. 8 It]dependenl exarnincr's remuiieration 2023 2022 Eiaminalion of the finanLia5 statements 1,295 Pafte 14
KILLEAN PLAYCROUP LIMITED Notes to the Financial Statements for the lear Ended 31 Augu.8t 2023 9 Taxation The charity is a reijisiered charit). and is iherefore exeinpi froin taxaiion. l O Tangible filed assets Furiiilure and equipment Total Cost At I September 202? 1.600 1.600 At .} l Aiiuiist 202J 1.600 1.600 Depreeiation At l %epieinber ?022 Charge for the J'ear 1.174 8.5 1,174 85 At J l Augu51202J 1.2$9 Nel book value At J l Auftusl 202) At i l Au(Trusl 2022 426 I l Debtors 2023 2022 Other debtors 12 Cash and cash equii'alents ?023 2022 Cash ai bank 88.686 13 Creditors". amounts falling due ii'ithin one l'ear 2023 2022 Accruals 14 Cr¥di¢urs- xmounts fallin% due after one l'ear ?0?3 2022 Other Io¢lns 67.607 67.607
KILLEAN PLAYGROUP LIMITED Notes to the Financial Statements for the Year Ended 31 August 2023 IS Share capital 16 Funds Balance at .September 2022 Incomiiig resources Resources expended Balanee at 31 August 2023 Unrestricted funds General 21.956 11.68? {17.i19) Restrieted funds 11..57?1 £7.469 {4?.6?4} 13.273 Total fund5 69.151 (59.94)) 29.592 Balance at I S'eplember 20?1 Incoming re50urees Resources eipended Balance at31 August 2022 Unrestrieted funds Gei)eral 19.?)7 16.i9f (16.609) 19.22) Restrictcd funds {1 £7?) 49.78$ (47.0SJ) 1,160 Total funds 17.66 (6i.662) 17 An21y515 of net assets betM"een funds Unrestricted funds Gener21 Total funds at 31 August ?023 Restritted fund5 Tan(Trible tixed assets Curreiit assets Current liabi lilies Creditors over l year 2,250 {1.295) (67.607) (67.6071 Total net assets 29.59? Pave 16
KILLEAN PLATr'GROUP LIMITED Notes to the Financial Statements for the Year Ended 31 August 2023 Unrestricted lunds General Total funds at 31 August 2022 Restricted fuiids Tanoible tixed assets Curreiit assets Current liabilities Creditors over l N'ear 4?6 426 88,859 (1,295) (67,607) 167.(107} Total net assets i.847 18 Related parlN' transactions DuriniT the N'e1r the charit) Inadc thc folloil'inu lated parti traiisactiuiis: Killean PIA1'2roup (Killeaii Plai'i?roup Limiled took over the Irade of Ki Ilean plaiioroup (unincorporated entity). Killean Plaj. loaned an ainounl of £67.606.9i (o ihc li1lted coinpan!.. Tl)is dL'bi is not secured) At the balance sheet date Ihe amouni diie io Killean Plal'uroup 'aS £67.6071?0?? _ £67.607). Pa(we 17