Company registration number N1036462 (Northem Ireland) PLAY-A-WAY CHILDCARE CENTRE LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 PLAY-A-WAY CHILDCARE CENTRE LTD COMPANY INFORMATION Dlrectors Pastor K. McAlees K, Farrelly E. McGrady P. Beaney C. Patker S, Templeton C. McGrady (Appointed 25 October 2022) (Appoinled 28 February 2023) Secretary L, McAlees Company number N1036462 Registered office Zion Hall Zlon Place Newtownards Co. Down BT23 7ER Accountants stanley Woods & Co Alexander House 49 151 Church Street Newtownards Co Down BT23 4AN 8uslnes5 address Zion Hall Zion Place Newtownards Co. Down BT23 7ER PLAY-A-WAY CHILDCARE CENTRE LTD CONTENTS Page Dlrectors, report Accountants, report Income and expendlture account Balance sheet and notes to the financial statements PLAY-A-WAY CHILDCARE CENTRE LTD DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The directors present their annual report and financial statements for the year ended 31 March 2023. Princlpal actlvitles The principal activity of the company continued to be that of the provision of Playgroup and Pre-school Educalion. Dlrectors The directors who held office during the year and up to the date of signalure of the financial statements were as follows: Pastor K, McAlees L,R Currie K, Farrelly E, McGrady K, De La Hoz P, Beaney C, Parker S, Templeton C, McGrady (Resigned 25 Oclober 2022) (Resigned 25 October 2022) (Appointed 25 October 2022} (Appointed 28 February 2023) PLAY-A-WAY CHILDCARE CENTRE LTD DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The direclors present their annual report and financial ststements for the year ended 31 March 2023. Objectlves and aclivlties To provide necessary facilities for the daily care. education and recreation for pre-school. To work in partnership with parenls and guardians to understand and provide for the needs of their children by offering appropriate play facilities. To ensure the centre offers opportunilies for all children regardless of religion, cullure. race or means. To promote good citizenship from an early age, helping children and families lo contrlbute lo the wider community. To advance educalion and training opportunities for those working within the setting and students who need placements to develop their skills. To work in partnership with organisations who promote Ihe development of early year's education providing the besl opportunities for children lo reach their lull potential. We slrlve lo provide a variety of stimulating activities to develop children's imaglnation. crèativity and curiosity- We strlve to develop interests and skills which result in lrfelong learning and enjoyment. We slrive to promote activities which encourage physical exercise and healthy lifestyles. We promote activslies which help to develop children's independence, self-esteem and confidence. We promote activities which help children lo empathise with others recognising Iheir needs. emotions and feelings developing compassion and awareness Ihat everyone is valued. Achievoments and perforniance The company conlinues to maintaln a high standard of practice maintaining links with the communlty and schools. The latesl inspectlon from Education and Training Inspeclorate raled the cenlre as 'Outstanding". We also have been received "Gold standard. under the Quality Assurance Award for Chlldcare. Feedback from parents reflects a high level of performance with most raling our services as excellent or very good. We continue to ask parents for ideas on how we can develop the company to meet their needs and using thelr feedback we impl8ment those ideas to develop and enhance our perfoman￿. Flnanclal review The company ha$ been self-suslaining over many years and wilh good financial planning we hope to continue this practice. ReseNes are needed to bridge the gap be￿een spending and recer4ing of income and to cover unplanned emergency repalts and other expendilure. At present, the company has around 3 month's reseTve5. Due to Ihe current gov6mment cutbacks we have suffered a significant cut in our Palhway Fund of around £21 k. We are engaged in the fight to overrule these cuts. although to date it seems unlikely of success. The Manager Is actively seeking alternative funding to bridge the funding gap and we are looking at additional sources of revenue such as charges for additional services which were free under the Pathway Fund. We are currently revlewing our business plan due lo the downlum in proffts with the view to ensuring the fulure of the company. This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies, exemption. On behalfofthe board Pastor K, McAlees Dlrector 12 June 2023 PLAY-A-WAY CHILDCARE CENTRE LTD REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF PLAY-A-WAY CHILDCARE CENTRE LTD In order to asslst you lo fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial stalements of Play-a-way Childcare Centre Ltd for the year ended 31 March 2023. which comprise the balance sheet, from the company's accounting records and from informalion and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountanls. we are subject to its ethical and other professional requirements which are detailed at https.'IAwM.accaglobal.comlgblenlmemberlstandardslnJles- and-standardslrulebook.html. It Is your duty to ensure that PSay-a-way Childcare Cenlre Ltd has kept adequate accounting records and to prepare statutory financial statements that comply with Ihe requirements of the Companies Act 2006. You consider that Play- a-way Childcare Centre Ltd is exempt from the ststulory audit requirement for the year. We have not been instructed to cary out an audit or a review of the financial statements of Play-a-way Childcare Cenlre Ltd. For this reason, we have not verified the accufacy or completeness of the accounting records or informatlon and explanations you have given to us and we do not. therefore. express any opinion on the statutory financial statement5. Stanley W &Co 12 June 2023 Certifled Accountants Alexander House 49 151 Church Street Newlownards Co Down BT23 4AN PLAY-A-WAY CHILDCARE CENTRE LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2023 Unreslricled Restricted Funds Funds Total Funds 2023 Total Funds 2022 INCOMING RESOURCES Grants receivable.. - Pathway Early Years Exiended Services Keep N. Ireland Beautiful DE Engage Funding HSBC Small Claims Grant Childcare Sustainability Fund other grants 27,527 3.030 845 27,527 3.030 845 27,527 800 3,912 2,500 3.030 480 4,568 329 4,568 329 Peags fees Membership fees Fundraising and miscellaneous Interest receivable Uniforms Milk allowance 29,873 14,216 2,159 110 940 287 29,873 14,216 2,159 110 940 287 27,194 11,438 645 10 630 121 Coronavirus Job Rentention Scheme 436 Total incoming resources 47.585 36.299 83,884 78,724 RESOURCES EXPENDED Wages & National Insurance Pension contributions Staff training Resources for break Registration contracts Transportloutings Uniforms Printing, postage. stationery and advertising Miscellaneous Grant funded expenses Cleaning Insurance Heat and light Rent Repairs Rates Telephone Equipmenubooks Accountancy fees Bank charges Milk account 38.413 815 22,821 61.234 815 61,252 640 45 427 2,573 112 549 130 494 11,960 497 2.116 10 1,025 155 967 134 64 508 2.386 2.581 640 265 422 298 660 238 319 497 2.374 10 1,036 235 967 8,023 207 508 3,462 3,504 790 265 572 298 660 238 319 258 80 7,888 143 447 2,508 3,504 438 1,076 923 150 150 457 938 720 214 181 Tolal resources expended 52,512 33,500 86,012 87,592 Net incoming resources for the year Balances blf 4.928 71,778 2,799 1.338 -2,129 73,116 -8,868 81,984 Balances clf 66,850 4,137 70,987 73,116 The charity has no reGognised gains or losses other than the results for the year as set out above. All of the activities of the charity are classified as continuing. PLAY-A-WAY CHILDCARE CENTRE LTD BALANCE SHEET AS AT31 MARCH 2023 2023 2022 Flxed assets 13,734 13,734 Cufrent assels 58,076 60,179 Creditors: amounts falling due within one year {825) (797) Nel current assets 57.251 59.382 Total assets less current liabilities 70.985 73,116 Net assets 70,985 73,116 Reserves 70.985 73,116 Notes to the financlal statefflents Employees The average number of persons. induding directors, employed by the company during the year was as follows: 2023 2022 Number Number Employees PLAY-A-WAY CHILDCARE CENTRE LTD BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023 Play-a-way Childcare Centre Ltd is a private company limited by guarantee Incorporated in Northem Ireland. The registered office is Zion Hall, Zion Pla￿. Newtownards, Co. Down, BT23 7ER. For Ihe year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the CompaniesAct 2008 relaling to small companies. The directors acknowledge their responsibilities for complying with the requirements of the Companles Act 2006 with respect lo accounling records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year In question in accordance with section 476. These financial statements have been prepared in accordance wth the rnicro*nlrty provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable lo the Micmthentities Regime. and the provisions applicable to companies subject to the small companies regime. The financial slalements were approved by the board of directors and authorised for issue on 12 June 2023 and are signed on its behalf by: Pastor K, McAlees Dlrector Company reglstratlon number N1036462 (Northern Ireland)