COMPANY REGISTRATION NUMBER: NI 059723 CHARITY REGISTRATION NUMBER: NIC 101680 Little Acorns Playgroup Derrynoose Unaudited Financial Statements For the year ended 30 June 2024 ADZ669LK 2610312025 COMPANIES HOUSE A10 24
Llttle Acorns Playgroup Derrynoose Flnancial Statements for the year ended 30 June 2024 Contents Page Trustees. Annual Report 1to2 Independent examinerfs report to the Trustees Statement of financial activities Statement of financial position Notes to the financial statements 6t011
Llttle Acorn• Pl•ygroup Derynoom Fln•nclal Stat•mtnb forth• y••r Md•d JO June X114 TN8tee8' Annual Report The trustees are also directors of the Charity for the wrFoses of the Ctumpanies Act 200B, preaenl ththr reput and the unaudited fiThanaal 81aleffIg ol Ihe charity for the year erKfed 30 June 2024. The tFu¥te¢s have adopted Ihe pro¥i510n$ olthe Slat¢ftwn¢ ol Recommenthd Practice ISORPI FRS 102 ACt4un.ng and R•p2rts'ng by Chwites, iisued in 2014. ncè and adrnlnls v detsll Regl•t•r•d ¢h•rfty nm• Llrf¢ Acom$ Pl•rOup O•ryrw Charfty re91t0Th numb•r NIC 101680 Comp•ny Mgl•tr•tlon numbv Pll 058723 PrfnclpDI offlE• 38 Fergort Road Armagh T80 3DH Mr¥ K4thryn P•10 M% Chri$bne M¢CreeBh M8 Szilvla Csongr8di Mr Cdum Mag Gllli•n Mu M Kwy MrCro•Ah Mrn Lgura Faman Mrs Donna MTr Oenise Tonwny Ms Aine F•rnll M• Ntcole Hu9h Ms Jiyna Murp Ms Emm& Anne Vallely Mrs Joonne O'N•ll Mr hnthony Ev•nB Mrn Mlth•ll¢ Gr40Y Mr Matt Grirr Mrn Clairt Strtk1aj Company seClry Mi Szllvb Csowrndi A¢¢ountants en.ght Vl$ion A¢x4)unt¥ncy 49 Tivnacr•• Rolld Denynoo8• Co. Amwgh 8T60 3EE SINetuM. go¥vn•n¢• •nd m•ngem•nt Ttre Mmmitlee cornrnunKate wdety the wi$ion. ethos and 5tr•teglc direction of lh8 pre sthoD1lh the parw15 and l¢xal GonTrnunity. The rnttee engJre the groups finanual and human resources ar8 deployed effeGtivety and in Ihe inlerp$t ¢f Ihe ¢hlldren. •thi¢vements 4nd perforn We arE plea98d repyl that Ihe ch8rity has been opernbrq W fvll padty throughoutthe fiD4nrial year.
Little A¢om¥ Pl•ygffjup Doirynoo•¢ Flnan¢l•l Staternonts for the year Ondod 30 June 2023 Trustee8' Annual Report (continued) Obi•¢tiv•s and a¢tivittO$ We are 8 local playgroup, who aim to educate childian in arnIng through play. We provide opportunllies for children lo discover that Learning is fun. play is a vital part of development for young children. Attendlng our playgroup. a child can acquiré the skills to help ihem develop physically, intellectually, emotionally and socially. We seèk to promote interaction with the community by guladY visiting places of interest and family activrties. We create a disciplined environment in which children leam lo control their own behaviour, leel good about themselves, become independent and responsible. Through annu81 Early Y8ars, DENI and social seNices inspections we ensui8 that we have 8 well run playgroup and strive to maintain this high standard for many years to come. This is a direct benefit lo the children and families who attend the playgroup currently bul also out future intake of children in the ¢ommunity- The Playgroup is run by a committee (or Trustees} with Chairperson. Se¢relary and Treasurer- mainly consistin9 of parents from the current year intake of ch51dTr. with some previous years cornmittee membors also staying, The Committee meet$ regularly and is responsible for ensuring Ihat the playgroup complies with its aims and is property and responsibly m8n89ed for the good ol its beneficiaries, Publ1¢ B¢nefrt Thè direct benefit that flows from this purpose include enhanclng the devolopm•nt and èducation of local children in the 6 areas ol learnin9 required by PEEP (P-SChOol education expansion programme) This purpose also di¢ttY benefits the children in their transition to their choice of primary school in the area. Thi5 benefil is evidenced through yearly inspections by social seNices and OENI (Department of EdLtcalion in Northern Ireland) of which their procedures we adhere lo, and 150 by Ihe amount of yearly applications we gel from pareDl$ who wish their child lo be enrolled in the playgroup. The bonefi¢iarie$ of this purpose are the childfen who attend, their families and 81s0 th8 familles who wish Iheii children to attend in the future. 8y carrying out our purposes. the children are then well equipped and prepared to cope with moving into primary school education which in turn also benefrts the primary school they plan to attend. A Pfivata benefit 10 our Iw$t••s would be the gaining of skills through financ• and adminlslr8tNe lun¢lion$ through following correct governance gu¢delines. these are necessary befItS bul incidentsl and therefore necessary for the succe88ful running of the organisalion in carrying out our purposes. A second private benefit, again incidental, 18 that most committee member¥ hove children who attend the playgroup and who benelrt from our purposes. Every yèar new committee members are elected. due lo the new intske of chihlren and so Ihis is an inevitsble, but necessary private benefit in order lo keep the organisation running. Flnanelil rnvl•w The playgroup relies on grants Irom th8 Education Authority for a substsnli81 proportion of Its income. In addition subscriptions from parents and general fundraising contribute lo the day to day running costs. In Ihe last financial year the organi5ation reportéd a deficit of £20,70812023 - defi1 £3,947). Reserves have lallen to £20.96612023- £41,674). There are plans lo review this in the 2024-25 year and increase with additional funding. The Iru51ees' annual report was approved on 24th March 2025 and signed on behall of the board of trustses by.. Mrs Kathryn Pattison Trn8t•e Ms Christine M¢Creesh Trustee
LIIU• A¢orn$ Pl•ygroup DèrrynooBe Fln•n¢lal Stst•m•nts for th• y••T end•d 30 Jun• 2024 Ind•pofid•nt Exaffilnees Report to the Trust•es of Llttlè Acorn8 PI•ygroup Derrynoose for th• y•ar ond•d 30 Jun• 2024 I report to the trustees on my emINation of the financial StaMertts of Little Acorns Playgroup Denynoose Ilhe charity) for the year ended 30 June 2024. R•8ponslbllltl•s and b•$S& of MPOrt A5 the trustees of the charity you are spOnsIble lor the preparation of Ihe f4nancial statements in actordance wilh the requirem&Ats of the Charities Act INorlhem Ireland) 2008 lthe'2008 Act'l. Also. as alreOIS ol th& ¢omp8ny you are responsible for the pr*pafatlon ol the flnon¢181 $1otomgnts In accordance wrth Ihe requ1MEntS ol the Compan1•5 Act 2006 lthe'2008 Acl'l. You are solisfigd Ihal your ch8rity18 nol fequlred by ¢h•nty ljw or company law lo be auditéd and hav& ¢ho$•n Instead to ha In Indèpendent examlnallon. I report in respect of my examinabon tsf the charity$ financi81 slaternents 0$ carrled oul under section 65 of Ihe 2008 Act. In carryirwj oul my examlnallon I have followed Ihe general directions given by the Charity Commission for Northern Ireland under seclion 8519llbl of the 2008 Acl. Ind•p•nd•nt ex•mln•fs 8tatem•nt I h•w compl•t•d my exAmln8tlon. l nfirn that no matters h8ve com• lo my atten"On in connectlon wllh my èxamlnBtion givlng m& ¢aus• lo b•11• that In any m•terl•l r•$p•d'. 1. accounllng recorfs were not kepl as requlred by secllon 63 01 the 2008 Act and sectlons 386 and 387 of Ihg Comp4nleJ Act 2006. or 2. lh• ffinanclgl sl•lefflgnl$ do not ace4>rd with thostr te¢ord8,' or 3. the finandal ilJl•ment8 do nol comply wllh the accounllng requlr•menli of Ihe 2008 Act gnd th• CompanleB Acl 201X.' or 4. the finanelal 8ts1ements do nol comply wSlh the applicable requirements concerning the fomi and cntent ol accounts sel oul In Ihe Charities (Accounts and Reports) Règulation8 2008 Oiher Ih8n any requiremenl that the acrAJunls give a 'lrue and lalrf eW which 15 nol 4 matter conslderad •$ part of an Indgpenilenl ex•minalion. I confimi that there •r• no other m4tt•rs lo whl¢h your •ttentlon should be drawn lo en•bh • prop•r underatandlng of the accoun18 to be r•J¢hed. Lisa Moynagh Brtght Vision'Account¥ncy Independent Examiner 241h March 2025
Llttle Acorns Playgroup Derrynoose Flnancial Statements for the year ended 30 June 2024 Statement of Financial Activities for the year ended 30 June 2024 2024 2023 Income & Endowments Funding Sponsorship Interest income Registration fees Total Incom• 53.212 60,816 9,488 320 70,623 53.212 Expenditure Wages & PAYE Telephone Maintenance & Repaifs Light & Heat Leased equipment Bank charges Equipment & Toys Advertising & Stationary Insurance Food & Sundry Expenses Depreciation Accountancy & Professional fees Renl Excursions & Events Staff pension contributions staff training & Travel cost8 Total expenditure (42,325) (700) (6,820) (1,679> (750) (132) 11,351) (1,430) 11,362) (1,553) (9,605) (3,703) (1,300) <72) 11,023) 114 (48,810) (588) (1,040) (1,755) (752) (61) (1,313) {796) (2,959) (2,065) (9,583) (2,487) (864) (1,388) 108 74,571 Net expenditure and net movement in funds 20,708 3,947 Reconclllallon of fundg Total funds brought forward Total funds carrled forward 41,674 20,966 45,622 The statement of financial activities includes all gains and losses recognised in the year. All income and expendilure derive from continuing activities.
Llttle Acorns Playgroup Derryn008e Flnanclal Statements lor the year ended 30 June 2024 Statement of Financial Position as at 30 June 2024 2024 2023 Note Fixed A88ets Tangible Fixed Assets 9,604 Current Asset• Debtors Bank and 23,586 Currenl Llabllltle• Creditors Net Current Assets 2,620 2,470 R•pre••nted by: Opening reseples Deficit for the year Total Equity 10 41,674 20,708 20.966 45,621 3,947 For Ihè year endlng 30 June 2024 the company was entitled to èxemptlon from audrt under sectlon 477 of the Companies Act 2006 relatin9 to small companies. The members have not quired the 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 records and the preparation of financial statements. These financial st8lemenls have been prepared and deliveftd in accordance with the provisions applicable to companies subject to the small companies, regime and In accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. These financial statements were approved by the b08rd of Iruslees and authorlsed lor issue on 24th March 2025. and are signed on behalf ol the board by.. Mrs Kathryn Pattison Trustee Ms Christine Mccreesh Trustee Company registration number: Nl 059723
Llttle Acorns Playgroup Dorrynoo80 Flnan¢i81 Slatements for the y••r Onded 30 Jun• 2024 Notes to the Financial Statèments 1. General Inlomiatlon The charity is a public benefit entity and a registeod charity in Northern Il•fid and is incorporated. The address of the principal offu is 38 FeTgort Road, Armagh, 8T60 30H. 2. Ststement ol complianc• These financial stslemenls have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic ol Ireland., the Slalemenl ol Recommended Practice applicable to ehartties preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act (Northern Ireland) 2008. 3. Accountlng poll¢leJ Basi8 of preparatlon The financial statements have been prepared on the historical cost basis. as modified by the revalualion of certain financial asselg and liabilities and inveslm8nl properlies me•suffjd al fair value through income or expendituro. The fin¥n¢ial statements are prepar&d in sterling. which 18 the lunclional currency of Ihe entity. Golng ¢oDurn There are no moterlal UnrtaIntieS about the charitys ability to Contlnue. Di•¢lo•urn •x•mpllon• The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update 8ull8tin 1, not lo prepare a statement of cash flows. Judgements and k•y •oyr¢•s ol e•tlm•tlon uncertalnty The Tru$lees have éstimated Ihe useful life and the residual value of the Playgroup's propety and equipment in arriving al the charge for depreciation. Fund a¢counling Unrestricted funds a available for use al the discretion of the Iruslees lo lurther any of the charws purposès. Designaled funds are unr85tricted fund$ eamarked by the trustees for particular future project or commitment.
Little Acoms Playgroup Derrynoose Financial Statements for the year ended 30 June 2024 Notes to the Financial Statements lcontlnuedl 3. Accountlng policies Iconlinufjd) Incoming resources All incoming resources are included in the statement of financial activities vthen entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income". • Income from donations or grants is recognised when there is eviden¢e of enlitlement to the 9ift, receipt ig probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is rneasud at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in Ihe accounts when received if Ihe value can be reliab measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of 5eNices is Cognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement lor il to be spent on particular purpose and returned rf unspent, in thich case it may be regarded as restricted. Rosourc•s expended Expenditure is recognl8ed on an accruals basls as a liability18 incurred. Expendlture Include8 any VAT vthich cannot be fully recovered, and is classified under headings of the statement of financlal activlties to vthich it relates.. expenditure on ralsing lunds includes Ihe costs of all furKlra15in9 activities, event$, noncharitable trading activities, and the sale of donated goods. expendlture on charitable activities includes all cost$ incurred by a charity in undertaking actlvities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. • other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charilable activities. All costs are allocated to expenditure categorles fleetIng the use of Ihe resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basls. Tangible assets Tangible assets are initially recorded al cost, and subsequently stated at cost less any accumulated dePCIatIOn and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accurnulated dèpreciation and subsequent accumulated ImpairnI losses.
t¢ Llttle Acorns Playgroup Derrynoose Flnanclal Slatements for the year ended 30 June 2024 Notes to the Flnancial Statements (continued) 3. Accountlng pollcles Icontlnued Tanglble 498ets l¢onllnued An increase in the carying amount of an asset as a result of a revaluation, is fecognised in other recognised gains and losses, unless it reverses a charge for impaimient thal has previousty been recognised as expenditure within the statemenl of financial aclivilies. A decrease in the carrying amount of an asset as a result of revaluation,15 recognised In other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown wilhin other recognised gains and losses on the statement of financial activities. Depr•clatlon Depreciation Is calculated so as to write off the cost or valuation of an asset, les$ its residual value. over the useful economic life of that asset 85 foll0v= Building - 33.33% straight line Equipment- 33.33% slralghl Ilne Impalrnient of fixed assets A réview for Indlcators of Impaimient Is carried out at each reporting date, with thè recoverablè amount belng eslimaled where such indicators exist. Where thè carrylng value exceeds the recoverable amount, the asset Is Impalred accordlngty. Prior Impairments are also vieWed for possible reversal at each reporting date. For the purposes of impainnenl testlng, when1118 nol possible to estimate the recoverable amount of an Indlvidual asset. an estim8te is made of the recoverable amount of the cashgeneraling unil lo which the asset belongs. The cash-gènerating unil is Ihe smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or group5 of assets. For impairment lesling of goodwill. the goodwill acquired in a business combination is, from Ihe acquisillon dale, allocated to each of the cash-generaling units that are expected to benefit from the synergies of the ¢ombinatlon. irrespective of whether olher assets or liabilities of the charity are assigned to those units. Flnanclal In8trufflent8 A financial asset or a financial liability is recognised only when the charty becomes a paty to the contractual provisions of the inslfumenl. Basic financial instruments are initially COgnised al the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subseouenlly measured al the cash 01 other consideration expected lo be paid or recelved and not discounted. Debl inslrumenl$ are subsequentty measured al amortised cost. Where investments In shares are publicly traded or their falr value can other*4ise be measured reliably, the Investment is subsequentty measured at fair value with changes in fair value recognised in income and expendrture. All other such investments are subsequenlly measured at cost less impairmenl.
Llttl• Aeoms Playgroup Oèrrynoose Financlal Slatemènts for tho year ended 30 June 2024 Notes to the Financlal Ststements (continued) 3. Accounllng poll¢l¢s (¢ontlnu¢d) Financial instrument8 (continued) Other financial instruments, including derivatives. are initially recognised at fair value, unless payment for an asset is deferred beyond normal business tenns or financed at a rale of intere51 that is not a market rate, In which case the assel is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with gny changes recognised in the slalement of financial activities, wrth the exceptior¢ of hedging instruments in a designated hedging relallonship. Flnancial assets that are measured at cost or amortised cost a reviewed for objective evidènce of impaimient at the end of each reports.ng date. If there is objective evidence ol impairnent. an impaiment loss is recogni58d under the appropriate heading in the statement of financial activities in which Ihe initi81 gain was recognised. For all equity instruments regardless of significance. and other financial assets that are individually s¢gnificant, these are assessed individually for impairrnent. Other financial assets are either assessed individually or grouped on the basis ol similar credit risk characterisllcs. Any reversals ol impairment are recognised Immedlately, lo the extent that the reversal does not result in 8 carrying amount ol the financial asset that exceeds what the carrying amount would have been had the impaimient not previously been recognised. Dèfined eontrlbutlon plans Contrlbutions to defined contribution plans are recognised as an expense in the period in which the related seNice is provlded. Prepald conlribuliong are recognised as an asset to the e*Xenl thal Ihe prepayment wlll lead to a reduction in future payments or a cash refund, When contributions are not expected lo be settled wholly Wblhin 12 months of the end of the reporting dale in which the employees render the related service. the liabilty is measured on a discounted present value basis. The unwindirKJ ol the discount is recognised a$ an expense In the period in vthich it arises. 4. Staff e08ts The total staff costs and employee benefits foi the reporting period are analysed as follows.. 2024 2023 Wages and salarles Employer contributions to pension plans Staff training and Travèl c08ts 142.325) (1.0231 114 148.810) {1,388) 108 50,307 43,463 The average head count of employees during the year was 512023.. 4). No employee ceiVed employee benefits of more than £60,000 during the y8ar (2023- Nill.
Little Acorns Playgroup Derrynoose Financlal Statsments for the year ended 30 June 2024 Notes to the Financial Statements (continued) S. Trustee remuneration and expenses The Trustees did not receive any remuneration nor recovered any out of pocket expenses during this or the preceding financial year. 6. Tanglblb Flxod A88ets 2024 Building 2023 Building Equipment Equlpment Cost At 1 July Additions At 30 Jun• 106,462 23,163 106.462 23,163 106,462 23,163 106,462 23,163 Depreciation At 1 July Charge for the year (99.782) 16,680) 33.33% SL 1106.462 (20,238) 12,925) 33.33% SL 123,163) (93,122) (8,660) 33.33% SL 199,782 {17,315) {2.923) 33.33% SL (20,238) At 30 June Carrylng amount At 30 Jung 7. Dabtorg: Amounts falllng duo wlthln one year 2024 2023 Prepayments . Croditors: Amounts falllng due within one year 2024 2023 Accruals and deferred income 2,620 2A70 10
Littl• Acorns Playgroup Derrynoose Flnanclal Statements for the year ended 30 June 2024 Notes to the Flnancial Statements (continued) 9. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,023 (2023: £1,388). 10. Anatysls of charitable funds Unmtrlcted funds At 1 Juty 2023 Income Expendlture At 30 June 2024 General funds 41,674 53,212 (73,920) 20,966 At 1 Juty 2022 Income Expenditure At 30 June 2023 General funds 45,620 70,623 (74,570) 41,674 11. Analysis of net assets between funds 2024 Unrostrlcted funds 2023 Unrestrlcted funds Total lunds Total funds Tangible fixed assets Current assets Creditors less than 1 year Net assets 9,604 34,540 {2.470) 41,674 9,604 34,540 (2.470) 41,674 23,586 (2,620) 20,966 23,586 (2,620) 20,968