CHARITY REGISTRATION NUMBER: 102206 St Brigids Playschool Mounffield Unaudited Financial Statements 31 August 2022 CLAREMOUNT Chartered accountants 1 b Brookmount Crescent Omagh Co Tyrone Bf18 5HG St Brigids Playschool Mountfield Flnanclal Statements Year ended 31 August 2022 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 13 Notes to the detailed statement of financial activities 14 St Brigids Playschool Mountfield Trustees. Annual Report Year ended 31 August 2022 The trustees present their report and the unaudited financlal statements of the charity for the year ended 31 August 2022. R8ferenca and admlnlstrative details Reglstered charity name St Brigids Playschool Mounffield Charlty registration number 102206 Prlnclpal office Mounffi8ld Prlmary School 4 Lenagh Road Omagh Co Tyrone Bf19 7PT N Ireland The trustees Mrs D Mullin Mrs C Mccloy Mrs M Haughey Mrs F Haughey Mrs R Tracey Ms S Gomian Ms S Wilson Ms S Smolarek Ms L Gonnan Ms T McGlone Ms E McGlinch8y Ms R Gallagher (Resigned 1 September 2021) (Reslgned 1 September 2021) (Appointed 1 September 2021) (Appolnted 1 September 2021) {Appolnted 1 September 2021) (Appointed 1 Sept8mber 2021) (Appointed 1 September 2021) (App)Snted 1 September 2021) {Appointed 1 September 2021) Independent examiner Shaun McElhlnney 1 b Brookmount Crescent Omagh Co Tyrone 8T78 5HG Structure. governance and managomont The organlsatlon Is a charity reglstered on 23 April 2015. It Is govemed under The Charlty Commlsslon for Northem Ireland. Objecllves and activities The charity operates a playgroup for pr&school chlldren. Achlevements and perforniance Th8 results for the period are contsined in the finandal statements. Financial revlew The organisation had another successful year with successful applTrcations for severai grants. St Brigids Playschool Mounffield Trustees. Annual Report (conthiu•d) Year ended 31 August 2022 The trustees, annual report was approved on 31 August 2023 and signed on behalf of th8 board of trustees by: Mrs D Mullln Trustse Mrs C Mccloy Trustee Mrs R Tracey Trustee St Brigids Playschool Mountfield Independent Examinerfs Report to the Trustees of St Brlglds Playschool Mounffield Year ended 31 August 2022 I report to the trustees on my examination of the financtal ststements of St Brigids Playschool Mounffield (Ihe chariv) for the year ended 31 August 2022. Responslbllities and ba51s of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act {Northem Ireland) 2008 (the '2008 ACY). You ar8 satisfied Ihat your charity is not required by charity law to be audited and have chosen instead to have an Independent examinatlon. I report In respect of my examlnatlon of the charliys financial statements as carried out under section 65 of the 2008 ACL In carrying out my examlnatlon I have followed the general Directions given by Ihe Charity Commission for Northern Irelarml under section 65(9)(b) of the 2008 ACL Independent examlneffs statoment I have completed my examlnatlon. I confim that no matters have come to my attentton In connection wlth my examination gfvlng me cause to belleve that In any material respect: accounting records were not kept as required by ¥￿th sectk)n 63 of the 2008 Act: or the flnanclal ststements do not accord wlth those records: or the financlal stetements do not comply wlth the accounting requlrements of the 2008 Act; or the flnanclal slatements do not comply wlth the applicable requlrements concerning the form and content of accounts set out Sn the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a 'true and falrf view which is not matter conskléred as part of an Independent examination. confirm understan t there are no o of the acco - matters to which your attenllon should be drawn to enable a proper to be reathed. Shaun McElhinney Independent Examlner 1b Brookmount Crescent Omagh Co Tyrone BT78 5HG CHAR TERED ACCOUNTANTS REGISTERED AUDITORS Claremounl House I b Brookmounl Crescen, Omagh 07- St Brigids Playschool Mountfield ststement of Financial Activitles Year ended 31 August 2022 2022 Unrestrlcted funds Total funds Total funds 2021 Income and endowments Donations and legacies Investment income 56,576 56,576 100,283 Total income 56.584 100,264 Expendlture Expenditure on charitable activitses Total expenditure 61.267 61,267 42,663 61.267 61.267 42,663 Net incomel(expenditure) and net movement in funds 4.683 4.683 57.601 Reconciliation of funds Total funds brought forward Total funds carried forward 84.026 84.026 26,425 79.342 79,342 84,027 The ststernent of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 11 forni part of th¢so financial stalements. St Brigids Playschool Mountfield Statement of Financial Position 31 August 2022 2022 2021 Flxed assets Tangible r￿ed assets 10 35,932 35.148 Current assets Debtors Cash at bank and in hand 11 356 44.648 232 49.396 45.004 49.628 Creditors: amounts falllng due wrthln one year Net current assets 12 1,053 1,020 43,951 79,343 48,608 84,026 Total assets less current Ilabllitles Net asset8 79,343 84,026 Funds of the charlty Unrestricted fvnds 79.342 84.027 Total charity funds 13 79,342 84,027 These flnanclal siatements were approved by the board of trustees and authorlsed for issue on 31 August 2023, and are 81gned on behalf of the board by: Mrs D Mullin Trustee Mrs C Mccloy Trustee Mrs R Tracey Trustee The notes on page$ 6 to 11 fomi part of these Ilnanclal statements. St Brigids Playschool Mounffield Notes to the Flnancial Statements Year ended 31 August 2022 General Infomiation The charity is a public benefrfL entity and a registered charty in Northem Ireland and is unincorporated. The address of the principal office is Mounffield Primary School, 4 Lenagh Road, Omagh, Co Tyrone. Bf19 7PT, N Ireland. Statement of compliance These finanaal statements have been prepared in Complian￿ with FRS 102, The Financlal Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable to charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northem Ireland} 2008. Accounting policies Basls of preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of ￿rtain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Going concern There are no material uncertaintie5 about the charitys abilty to continue. Disclosure exemptions The entity satisfies the crtteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for Ihe company. Ib) Disclosures in respect of financial instruments have not been presented. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually rewewed and are based on experience and other factors, Includir￿ expectations of future events that are believed to be reasonable under the cirCumstan￿s. No judgements that management has made in Ihe prO￿sS of applying the entivs accounting policies have a significant effect on the amounts recognised in the financial statements. No accounting estimates or assumptions have been made. Fund accountlng Unrestricted funds are available for use al th8 discretion of the tnjstees in furtherance of the g8nerat objectNes of the charity. Restricted funds ar8 subjected to restrictions on their expenditure imposed by th8 donor or through the tems of an app8al. St Brigids Playschool Mountfield Notes to the Flnancial Statements (conunued) Year endad 31 August 2022 Accounting policles (contlnued) Incomlng resources All incoming resources are included in the statement of financial adivitSes when entltiement has passed to the charlty: it is probable that the economic beneftis associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to parttcular categories of income: income from donations or grants 15 recognised when there is evidence of entitlement to the glft. receipt is probable and its amount can be measured reliably. legacy income is recognlsed when receipt is probable and entitlement is established. income from donated goods is measured 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 the accounts when received rf the value can be reliably measured. No amounts are induded for the contribution of general volunteers. income from contracts for the supply of services Is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent. in which case it may be regarded as restricted. Resources expended Expenditure is re¢ognised on an accrual basis as a liability is incurred. Expendtture includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates: Costs of generating funds comprise the costs associated wtth attracting voluntary income and costs of trading for fundraising purposes. Charttable expenditure comprises those costs incurred by the Gharity in the deltvery of rts activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Govemance costs include those costs associated with meeting th8 constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strateglc management of the charity. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resour￿. Tangible assets All fixed assets are initially recorded at cost. Depreciatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less Its resldual value. over the useful economic Ilfe of that asset as follows: Office Equipment 20% reduclng balance St Brigids Playschool Mounffield Notes to the Financial Statements (¢ondnuod) Year ended 31 August 2022 Accounting policies (condnuadj Impalrment of fixed assets A review for indicators of impairment Is carried out at each reporting date, with the recoverable amount being 8stimated where such Indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior Impaimients are also reviewed for possible reversal at each reporting date. For the purposes of impaimient testing, when it is not possible to estimate the recoverable amount of an Indmdual asset. an estimate is made of the recoverable amount of the cash-generating untt to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that indudes the asset and generates cash infi0V￿ that larg8ly independent of the ￿sh infiows from other &%8ets or groups of assets. For impaimwnt tasting of gotsjwill. the gocthill acquired in a business combination is, from the acquisilion date, allocated to each of the cash-generatlng unlts that are expected to benefit from the synergles of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only wh8n the chaiity becomes a paty to the contractual provislons of the instrument. Basic finanpial instruments are initially recognised at the amount receivable or payable Includlng any related transaction costs. Current assets and Current liabilities are subsequendy measured at th8 cash or other consideration expected to be paid or Teceived and not discounted. Debt instruments are subsequendy measur&J at amortised cosL Where investments in shares are publidy traded or their fair value can Othe￿iSe be measured reliably. the investment is subsequently measured at fair value viith changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impaimient. Other finandal Instruments. including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of Interest that Is not a market rate. in vthich case the asset is measured at the present value of the future payments dlscounted at a market rate of interest for a similar debt instrumenL Other financial instruments are subsequenty measured at fair value, with any changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging ￿latiOnShIp. Flnanclal assets that are measured at cost or amortised cost are reviewed for objective evidence of impaimient at the end of each repoi1ing date. If there Is objectlve evldence of impaiment, an impairment loss is recognised under the approptiate heading in the statement of financial activities in which the inrtial gain was recognlsed. For all equty instruments regardless of signfficarjce, and other financial assets that arè indNidually signtfican( these are assessed individually for impairmenL Other financial assets are eitt)er assessed individually or grouped on the basls of slmllar credlt rfsk charactertstics. St Brigids Playschool Mounffield Notes to the Financial Statements (conthued) Year ended 31 August 2022 Accountlng polldes (¢onOnwdJ Financial Instruments (Gonllnued) Any reversals of impaimient are recognised immediatety, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds Ythat the carrying amount would have been had the Impaiment not previously been recognised. Donations and legacles Unrestricted Total Funds Unrestrrcted Tot￿ Funds Funds 2022 Funds 2021 Donatlons Voluntary ContributionslFurKlraising VIELB Grants receivable Paying Places Other Donations 1,957 32.851 59.549 5.687 219 1.957 32,851 59,549 5,687 219 32.727 17.618 5,348 32,727 17.618 5.348 55,576 55.576 100.263 100,263 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Bank interest receivalAe Net incomel{expenditure) Net incomel(expenditure) is stated after chargingl(crediting): 2022 2021 Depreciation of tangible fixed assets 3.849 3.855 Independent examination fees 2022 2021 Fees payable to the independent examiner for. Independent examination of the financial ststements 960 960 Staff costs The average head count of employees during the year was 3 (2021.. 3). The average number of fulktime equivalent employees during the year is analysed as foll￿. 2022 2021 No. Number of trustees 10 10 St Brigids Playschool Mounffield Notes to the Flnanclal Statements (conlln Year ended 31 August 2022 Staff costs {conUftwdJ No employee recelved employee benefits of more than £60,000 during the year (2021: NII). Tnjstee remuneration and expenses No remuneration or other benefits from employment the charity or a related entity were received by the trustees. 10. Tanglblo f￿ad assets Land and buildings Equipment Total Cost At 1 September 2021 Additions 20.000 25,273 3,823 29,096 45,273 3,823 49,096 At 31 August 2022 Depreciation At 1 September 2021 Charge for th8 year At 31 August 2022 Carrying amount At 31 August 2022 At 31 August 2021 20,000 9,855 3,849 13.704 9,855 3,849 13,704 20,000 20,000 15,392 35,392 35.418 15,418 11. Debtors 2022 2021 Trade debtors 0th8r debtors 356 232 356 232 12. Credftors: amounts falllng due within one year 2022 2021 Accruats and deferred income 1,053 1,020 10 St Brigids Playschool Mountfield Notes to the Flnancial Statements (coftthiued) Year ended 31 August 2022 13. Analysis of charitable funds Unrestricted funds At 1 September 2021 At 31 August 2022 Income Expenditure General funds 84,026 56.5844 (61.268) 79.342 At 1 September 2020 At 31 August 2021 Income Expenditure General funds 26,425 1(M),264 (42,662) 84,026 14. Anatysls of net assets between funds Unrestrlcted Totsl Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 35,392 45.004 (1,053) 79.343 35.392 45.004 (1,053) 79.343 Unrestricted Total Funds Funds 2021 Tangible fixed assets Current assets Credltors less than 1 year Net assets 35,418 49,629 (1,020) 84,027 35,418 49.629 (1.020) 84.027 11 St Brigids Playschool Mounffield Management Infomiatlon Year ended 31 August 2022 The following pages do not fomi part of the financlal statements. 12 st Brigids Playschool Mountfield Detalled Statement of Financial Actlvltles Year ended 31 August 2022 2022 2021 Income and endowments Donations and legacies Voluntary ContributionslFundralslng WELB Grants receivable Paying Places Other donations 1.957 32,851 59,549 5,687 219 32.727 17.618 4348 56,576 100,263 Investment income Bank interest receivable Total Income 56.584 100.264 Expenditure Expenditure on charitable activities Wages and salaries Rent Other establishment Outings. membership & professional fees Depreciation Printing & Stationery 479 800 3,317 16.245 3,848 578 30.333 1,270 6.810 3.855 395 61.267 42.663 Total expenditure 61,267 42,663 Net incomel(expenditure) {4.683) 57.601 13 St Brigids Playschool Mountfield Notes to the Detailed Statement of Flnanclal Activities Year ended 31 August 2022 2022 2021 Expendlture on charltable actlvltles Governance costs Govemanca costs - wageslsalaries Govemance costs - rent Govemance costs - other establishment Gov8mance costs - accountancy fees Membership Fees Outlngs. Fee & General Expenses Govemance costs - depreciation Govemance costs - printing & statlonery 36,479 800 3.317 510 6.805 8,930 3.848 578 30.333 1,270 540 2.456 3.814 3.855 395 61,267 42.663 Expondlturo on charltable actlvltles 61,267 42,663 14