Company reglstration number: N1059206 Tlny Tots Cross Communlty Playgroup Company Ilmlted by guarantee Unauditod financial statements 31 May 2024 Tiny Tots Cross Community Playgroup Company limited by guarantee Contents Page Directors and other information Directors report Accountants report Stat8m8nt of comprehensive income Statement of financial position Notes to the financial statements 7.10 Tiny Tots Cross Community Playgroup Company limlted by guarantee Dlrectors and other Informatlon Dlrectors Ms Kerri Qulgley Ms Donna Kelly Ms C80imhe Keane Company number N1059206 Reglslered office Mullym8sker Arney Enniskillen Fermanagh BT92 2AB Buslnes3 address Tiny Tots Cross Community Playgroup Mullymesk8r Arney Enniskillen BT92 2A Accountants Gerard O'Brien & Co 1 The Market Pla¢8 Derrylin Enniskillen Co. Fermanagh BT92 9AN Bankors First Trusl Bank 2-4 East Bridge Street Enniski11on County Fermanagh BT74 7BT Paaa 1 Tiny Tots Cross Community Playgroup Company Ilmlted by guarantee Dlrectors report Year ended 31 May 2024 The directors present their report and the unaudited financial statements of the company for the year ended 31 May 2024. Dlrectors The directors who served the company during the year were as follows.. Ms Kerri Quigley Ms Donna K811y Ms Caoimhe Keane Small company provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. This report was approved by the board of directors on 27 November 2024 and signed on behalf of the board by: Ms Kerri Quigley Director Ms Donna Kelty Director Paaa 2 Tiny Tots Cross Community Play9roup Company Ilmlted by guarantee Report to the board of dlrectors on the preparatlon of the unaudited statutory financial statements of Tiny Tots Cross Communlty Playgroup Year ended 31 May 2024 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tiny Tots Cross Community Playgroup for the year ended 31 May 2024 which comprise the statement of comprehensive income, statement of financial position and related notes from the companls accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants . we are subject to its ethical and other professional requirements which are detailed at http:Ilww.accaglobal.comlenlmemberl professional-slandardsl rules-standardslacca-rulebook.html. This report is mad8 solely to the board of directors of Tiny Tols Cross Community Playgroup, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Tiny Tots Cross Community Playgroup and state those matters that we have agreed to state to the board of directors of Tiny Tots Cross Community Playgroup as a body, in this report in accordance wilh the requirements of the Association of Chartered Certified Accountants as detaile at http'.Ilwww.accaglobal.comlcontentldamlACCA Global ￿echnIcaVfaCytechnicaI-faetsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tiny Tots Cross Community Playgroup and its board of directors as a body for our work or for this report. It is your duty to ensure that Tiny Tots Cross Community Playgroup has k8Pt adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tiny Tots Cross Community Playgroup. You consider that Tiny Tots Cross Community Playgroup is exempt from th8 Statutory audit requirement for the year. W8 have not been instructed to carry out an audit or 8 review of the financial statements of Tiny Tots Cross Community Playgroup. For this reason. we have not verified the accuracy or completeness of the accounting records or information and explanalions you have given to us and we do not, therefore. expr8ss any opinion on the ststutory financial statements. Gerard O'Brien & Co Accountants 1 The Market Place Dorwin Enniskillen Co. Fermanagh BT92 gAN 27 November 2024 Paoè 3 Tiny Tots Cross Communily Playgroup Company limlted by guarantee Statement of comprehenslve Income Year ended 31 May 2024 2024 2023 Note Turnover Cost of sales Administrative expenses 40,789 43,840 (55,019) (51,246) Operatlng loss (14,230) (7,406) Other interest receivable and similar income Loss before taxatlon 350 (13.880) 22 (7,384) Tax on loss Loss for the flnanclal year and total comprehensivè income (13,880) (7,384) All the activities of th8 company are from continuing operations. The notes on pages 7 to 10 form part of these financial statements. Pane 4 Tlny Tots Cross Community Playgroup Company limited by guarantee Statement of flnanclal posltlon 31 May 2024 2024 2023 Note Flxed as88ts Tangible assets 43,937 43,253 43,937 43,253 Current assets Cash at bank and in hand 34,523 51,085 34.523 51,085 Credltors: amounts falllng due wlthln one year (838) {2,8361 Nat curront assets 33,685 48,249 Total assets lass curront Ilabllltlos 77,622 91,502 Net assats 77,622 91,502 Capltal and reserves Profit and loss account 77,622 91,502 Members funds 77,622 91,502 For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors responsibilities: The members have not required th8 company to obtain an audit of its financial statements for the year in question in accordance with section 476, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting r8cords and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with Section 1A of FRS 102 'Th8 Financial Reporting Standard applicable in the UK and Republic of Ireland,. The notes on pages 7 to 10 form part of these financial statoments. PaoÈ 5 Tiny Tots Cross Community Playgroup Company limited by guarantee Statement of flnanclal posltlon (contlnued) 31 May 2024 These financial statements were approved by the board of directors and authorised for issue on 27 November 2024, and are signed on behalf of the board by.. Ms Kerri Quigley Director Ms Donna Kelly Director Company registration number,. N1059206 The notes on pages 7 to 10 form part of these financial statements. Paaa 6 Tiny Tols Cross Community Playgroup Company limited by guarantee Notes to the flnanclal stalements Year ended 31 May 2024 General Informatlon The company Is a prlvate company Ilmited by guarantee, registered In Northern Ireland. The address of the registered office is Tiny Tots Cross Community Playgroup, Mullymesker. Arney, Enniskillen, Fermanagh, BT92 2AB. Statement of compllance Th¢s¢ financial statements have been prepared in compliance with the provi.qions of FRS 102. Section l A, 'The Financial Reporting Standard applicable in the UK and Republic of Jreland,. Accounllng pollcles Basls of preparatlon The financial slalements have been prepared on the historical cost basis, as modified by Ihe r8valuation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The linancial statements ar8 pr8pared in sterling. which is the functional currency of the entity. Turnover Turnover is measured at the fair value of the consideration receiv8d_ or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buy8r (usually on despatch of the goods); the amount of revenue can be measured reliably., it is probable that the associated economic benefits will flow to the entily,. and the costs incurred or to be incurred in respect of tha transactions can be measured reliably. Taxatlon The taxation expense represents the aggregat8 amount of current and deferred tax recognised in the raporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognis8d in other compr8hensive income or directly in capita5 and reserves, respectively. Current tax is recognised on taxable profit for th8 current and past periods. Current tax is measured at the amounts of lax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at th8 raporting date. Deferred tax is recognised in respect of all timing differences at the r&porting date. Unrelieved tax losses and othar deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have be8n enacted or substantively enacted by Ihe reporting date thal are expected to apply to the reversal of the timing difference. PaaÈ 7 Tiny Tots Cross Community Playgroup Company Ilmited by guarantee Notes to the flnanclal statements {¢ontlnued) Year ended 31 May 2024 Tanglble assets Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible as8Cts carried at revalued amounts are recorded at the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequcni accumulated impairment losses. An increase in Ihe carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the &xtent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the exteni of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss, Depreciation Depreciation is calculated so as to wrSte off the cost or valuation of an asset, less its residual value. over the useful economic life of that asset as follows.. If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangib18 assets, the depreciation is revised prospectively to refl8Ct the new estimates. Impalrment A review for indicators of impairment is carried out at each reporting date. with th8 recoverable amount b8ing estimated where such indicators exist. Where the carrying value 8xc&eds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the assel belongs. The cash-generating unit is the smallest identifiable group of assets that includes the ass8t and g8nerat8s cash inflows that are largely independent of the cash inflows from other ass8ts or groups of assets. Paa8 8 Tiny Tots Cross Community Playgroup Company limited by guarantee Not•s to the flnanclal statements {contlnued) Year ended 31 May 2024 Flnanclal Instruments A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, Ltnless the arrangement constitutes a financing transaction. where it is recognised at th8 presant value of the future payments discounted at a market rale of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value wilh changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, ar@ initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financad at a rate of interest that is not a markel rate. in which case the asset is measured at the present value of the future payments discount8d at 8 market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value. with any changes recognised in profit or loss, with the exceplion of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, Ihese are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not rasult in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognis8d. Deflned contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the r8lated S8NiCe is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a r8duction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which tha 8mployees r8nder the related service, the liability is measured on a discounted present value basis. The unwlnding of the discount is recognised in finance costs in profit or loss in the period in which it arises. Llmlted by guarantee The company is limited by guarantee and d08s not h8ve a shara capital. Employ86 numbers The average number of persons employed by the company during the year amounted to Nil12023: 3). Paoe g Tiny Tots Cross Community Playgroup Company limited by guarantee Nol8S to the flnancial statements (contlnued) Year ended 31 May 2024 Loss before taxatlon Loss before taxatlon Is stated after chargingl(crediting): 2024 2023 Depreciation of tangible assets 776 827 Tanglble ass8ts Fixtures, rilling.s and equipment Total Cost At 1 June 2023 Additions 49,007 1,460 49,007 1,460 At 31 May 2024 50,467 50,467 Depreciation At 1 June 2023 Charge for the year 5,754 776 5,754 776 At 31 May 2024 6,530 6,530 Carrylng amount At 31 May 2024 43.937 43,937 At 31 May 2023 43,253 43,253 Credltors: amounts falllng due wlthln one year 2024 2023 Trade creditors Social security and other taxes Other creditors 1,800 286 750 348 490 838 2,836 Paa8 10 Tiny Tots Cross Community Playgroup Company limited by guarantee The following pages do not form part of the statutory accounts. Tiny Tots Cross Community Playgroup Company limited by guarantee Detalled Income statement Year ended 31 May 2024 2024 2023 Turnover PEAGS fees Donations Early Years Fundraising events Fermanagh Trust- grant 30,742 2,475 37,180 2,631 1,471 2,558 5,772 1,800 40,789 43.840 Gross proflt 40,789 43,840 Gross profit percentage Overheads Admlnlstratlve expenses Wages Staff pension costs Room hire Rates Insurance Education activities Early years Light heat & water Cleaning Repairs and renewals Groceries Stationery & consurnables Telephone Legal and professional fees Accountancy Bank charges Miscellaneous Subscriptions Amortisation on short leasehold (40,082) (2,875) (100) (190) (5751 (478) 11,9321 12,045) {50> (2,092> (1,823> (20) (478) (38,075) (3,551 > (358) (233) (522) (300> (1,616) (1.115) (118) (1,171) (425) (1,800) (7501 (206) (179) {490) {262) (1) {750) (776) (827) (55,019) (51,246) Operating loss (14,230) (7,406) Operating loss percentage 34.9° 16.9% Other int8rest receivable and similar incorne 350 22 Loss before taxation (13,880) (7,384)