COMPANY REGISTRATION NUMBER.. N1066404
CHARI￿ REGISTRATION NUMBER: NIC102700
Slieve Gallion Community Pre-school
Company Limited by Guarantee
Unaudited Financial Statements
30 September 2022
PFS ACCOUNTANTS AND AUDITORS LTD
Chartered Certified Accountants
122 Main Street
Dungiven
Co Derry
BT47 4LG

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Financial Statements
Year ended 30 September 2022
Page
Directors, annual report (incorporating the director's report)
Independent examiner's report to the directors
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report)
Year ended 30 September 2022
The directors, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 30 September 2022.
Reference and administrative details
Registered charity name
Slieve Gallion Community Pre-school
Charity registration number
NIC102700
Company registration number N1066404
Principal office and registered 62B Longfield Road
office
Desertmartin
Magherafelt
BT45 5LS
Co Dery
The directors
Frances Barker
Denise Mccool
Clare Murray
Independent examiner
PFS Accountants and Auditors Ltd
122 Main Street
Dungiven
Co Dery
BT47 4LG

Slieve Gallion Community Preschool
Company Limited by Guarantee
Directors, Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2022
Structure, governance and management
The officers and Committee Members during the year were as follows..
Frances Barker (Chairperson)
Denise Mccool - Director
Clare Murray - Director
Nadine Connery - Committee Member
Mary B McGuigan - Committee Member
Andrea McBride- Committee Member
Brenda Robb - Committee Member
Mary McElwee - Committee Member
Karen McElwee- Committee Member
Danielle Mcstravock - Committee Member
Kathy Kidd - Committee Member
Kathy McLernon - Committee Member
Edel McGuckin - Committee Member
Alison Mccabe
Caroline Quinn
Rosie McGuigan
Charmaine Mcmullan
Dolores Higgins
Colene Smith
Charlene Kelly
Selina Spiers
Clara McDaid
Mary Bradley
Charlene Toner
Regina Molloy
Clara Donnelly
Joleen Shaw
Lisa Burns
Charlene Kelly
Eilish Kirkpatrick
Andrew Johnston
Objectives and activities
The principal activities of the company are to enhance the development and education of young
children by encouraging parentslguardians to understand and provide for the needs of their children
by offering play facilities.
Achievements and performance
We will continue to place great emphasis on rights, responsibilities, firmness, fairness, flexibility,
patience, humour and a passion for children's learning, as it is at the heart of the work we do.
We are also very proud of our recent Department of Education Inspection grade of outstanding in all
areas of the pre-school.
Financial review
The results of the company are set out in detail on page 5.

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Directors. Annual Report {Incorporating the Director's Report) (continued)
Year ended 30 September 2022
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The directors, annual report was approved on 15 June 2023 and signed on behalf of the board of
trustees by..
Denise Mccool
Director

Slieve Gallion Community Pre￿chool
Company Limited by Guarantee
Independent Examiner's Report to the Directors of Slieve Gallion Community
Pre-school
Year ended 30 September 2022
I report to the directors on my examination of the financial statements of Slieve Gallion Community
Pre-school {'the charity'l for the year ended 30 September 2022.
Responsibilities and basis of report
As the directors of the company (and also its directors for the purposes of company law} you are
responsible for the preparation of the financial statements in accordance with the requirements of
Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act,).
You are satisfied that the accounts of the company are not required by charity or company law to be
audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2008 Act and are eligible for independent examination, I report in respect of my examination of
the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my
examination I have followed the general Directions given by the Charity Commission for Northern
Ireland under section 65(9)Ib} of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection
with my examination giving me cause to believe that in any material respect-
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act", or
the financial ststements do not accord with those records,. or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'true and fairf view which
is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
frJ W,. LJI
PFS Accountants and Auditors Ltd
Independent Examiner
122 Main Street
Dungiven
Co Derry
BT47 4LG
15 June 2023

Slieve Gallion Community Preschool
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 September 2022
2022
Restricted
funds Total funds Total funds
2021
Unrestricted
funds
Nots
Income and endowments
Donations and legacies
Other trading activities
Investment income
43,633
7,064
10,820
54,453
7,064
39,368
3,905
Total income
50,704
10,820
61,524
43,275
Expenditure
Expenditure on raising funds..
Costs of raising donations and
legacies
Total expenditure
62,746
10,820
73,566
48,156
62,746
10,820
73,566
48,156
Net expenditure and net movement in
funds
(12,042))
(12,042)
{4,881)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19,493
19,493
24,374
19,493
7,451
7,451
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 8 to 17 form part of these financial statements.

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Ststement of Financial Position
30 September 2022
2022
2021
Note
Fixed assets
Tangible fixed assets
13
15,363
20,968
Current assets
Debtors
Cash at bank and in hand
14
2,780
6,608
22,681
9,388
22,681
Creditors: amounts falling due within one year
Net current assets
15
4,925
6,916
4,463
15,765
Totsl assets less current liabilities
19,826
36,733
Creditors: amounts falling due after more than one year
Net assets
16
(12,375)
7,451
(17,240}
19,493
Funds of the charity
Unrestricted funds
7,451
19,493
Total charity funds
20
7,451
19,493
For the year ending 30 September 2022 the charity 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 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 statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
The statement of financial position
continues on the following page.
The notes on pages 8 to 17 fomi part of these financial statements.

Slieve Gallion Community Pre-school
Company Limited by Guarantee
ststement of Financial Position (¢ontinued)
30 September 2022
These financial statements were approved by the board of trustees and authorised for issue on 15
June 2023 and are signed on behalf of the board by:
Frances Barker
Director
Denise Mccool
Director
Clare Murray
Director
The notes on pages 8 to 17 forni part of these financial statements.

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 September 2022
General infomiation
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is 62B Longfield Road, Desertmartin, Magherafelt, BT45 5LS, Co Derry.
Statement of compliance
These financial ststements have been prepared in compliance with FRS 102, 'The Financial
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 Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain 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 uncertainties about the charity's ability to continue.
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 reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the Circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the directors for particular future project
or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when 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 evidence of entitlement to the
gift, receipt is 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 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 if the value can be reliably measured. No amounts are included 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 returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities 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 charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
vaSue, over the useful economic life of that asset as follows=
Car park & yard improvements
Mobile classroom
Fixtures and fittings
Soft play area
10 % straight line
10 % straight line
20 % straight line
10 % straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, 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 asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the Combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants
are not recognised until there is reasonable assurance that the charity will comply with the
conditions attaching to them and the grants will be received.
Vvhere the grant does not impose specified future performance-related conditions on the
recipient, it is recognised in income when the grant proceeds are received or receivable. Where
the grant does impose specified future performance-related conditions on the recipient, it is
recognised in income only when the performance-related conditions have been met. Where
grants received are prior to satisfying the revenue recognition criteria, they are recognised as a
10

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Vvhere investment5 in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial 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 which case the asset 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 any changes
recognised in the statement of financial activities, with the exception 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 under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually ft)r impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
11

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
Accounting policies (continued)
Defined contribution plans (continued)
Vvhen contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Limited by guarantee
The company is Limited by Guarantee and does not have a share capital.
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donations
Donations type 1
883
883
Grants
NEELB Funding
Mains Grant
Community Foundation
Honourable Irish Society
Groundwork UK
Halifax Foundation
42,750
42,750
4,880
1,000
1,035
1,125
2,780
4,880
1,000
1,035
1,125
2,780
43,633
10,820
54,453
Unrestricted
Funds
Restricted Total Funds
Funds
2021
Donations
Donations type 1
669
669
Grants
NEELB Funding
HSC
DEARA
36,824
36,824
979
896
979
896
37,493
1,875
39,368
12

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Parental contributions
Fundraising events
After Schools Club
1,650
3,314
2,100
1,650
3,314
2,100
1,834
2,071
1,834
2,071
7,064
7,064
3,905
3,905
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Bank interest receivable
Costs of raising donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Food & consumables
Toys, arts & crafts
Wages and salaries
Other type 1- employer's NIC
Pension costs
Staff training
Rent and rates
Facilitator costs
Light & heat
Repairs & maintenance
Insurance
Accountancy fees
Office expenses
Furniture, tables and chairs
Legal and professional fees
Telephone
Graduation Expenses
Amortisation
Depreciation
Bank fees
Sundry expenses
300
320
400
300
1,058
41,287
110
1,071
3,003
2,423
1,670
2,838
2,663
3,049
1,958
2,573
2,073
4,474
1,166
800
(4,866)
5,605
167
144
738
40,887
110
1,071
223
2,423
270
2,558
938
3,049
1,958
238
793
4,474
1,166
800
(4,866)
5,605
167
144
2,780
1,400
280
1,725
2,335
1,280
62,746
10,820
73,566
13

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
Costs of raising donations and legacies (continued)
Unrestricted
Funds
Restricted Totsl Funds
Funds
2021
Food & consumables
Toys, arts & crafts
Wages and salaries
Other type 1- employerfs NIC
Pension costs
Rent and rates
Light & heat
Repairs & maintenance
Insurance
Accountancy fees
Office expenses
Furniture, tables and chairs
Legal and professional fees
Telephone
Amortisation
Depreciation
Bank fees
Sundry expenses
Cleaning
421
1,426
25,000
421
1,426
25,000
484
711
2,672
1,187
3,693
2,543
763
3,480
38
2,640
1,311
{4,866)
6,032
160
202
259
711
2,672
1,187
2,714
2,543
763
2,585
38
2,640
1,311
(4,866)
6,032
160
202
258
979
896
46,281
1,875
48,156
Net expenditure
Net expenditure is stated after chargingl(crediting)-.
2022
2021
Depreciation of tangible fixed assets
5,605
6,032
10. Independent examination fees
2022
2021
Fees payable to the independent examiner for..
Independent examination of the financial statements
1,958
763
14

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2022
2021
Wages and salaries
Social security costs
Employer contributions to pension plans
41,287
110
1,071
25,000
484
711
42,468
26,195
The average head count of employees during the year was 5 {2021: 4). The average number of
full-time equivalent employees during the year is analysed as follows..
2022
No.
2021
No.
Administrative staff
No employee received employee benefits of more than £60,000 during the year (2021= Nil)-
12. Trustee remuneration and expenses
The directorsltrustees received no remuneration in the year {2019-. £nill and there were no
transactions in which the directors had an interest requiring disclosure.
13. Tangible fixed assets
Short
leasehold Plant and Fixtures and
propety machinery
fittings
User
defined
asset
Total
Cost
At 1 October 2021 and
30 September 2022
Depreciation
At 1 October 2021
Charge for the year
At 30 September 2022
Carrying amount
At 30 September 2022
At 30 September 2021
42,906
52,025
17,475
3,248
115,654
26,406
4,125
52,025
13,007
1,480
3,248
94,686
5,605
30,531
52,025
14,487
3,248
100,291
12,375
2,988
15,363
16,500
4,468
20,968
14. Debtors
2022
2021
Trade debtors
2,780
15

Slieve Gallion Community Preschool
Company Limited by Guarantee
Notes to the Financial Ststements fcontinued)
Year ended 30 September 2022
15. Creditors: amounts falling due within one year
2022
2021
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
3,420
1,020
264
222
5,782
630
318
186
4,925
6,916
16. Creditors: amounts falling due after more than one year
2022
2021
Accruals and deferred income
12,375
17,240
17. Deferred income
2022
2021
Amount released to income
Amount deferred in year
At 30 September 2022
14,866)
17,241
{4,866)
22,106
12,375
17,240
18. 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 £1,071 (2021.. £711).
19. Government grants
The amounts recognised in the financial statements for government grants are as follows..
2022
2021
Recognised in creditors=
Deferred government grants due after more than one year
12,375
17,240
16

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
20. Analysis of charitable funds
Unrestricted funds
At
1 October 20
21
At
30 September
2022
Income Expenditure
General funds
Members Funds
{21,064)
40,557
50,704
(62,746)
(32,106)
40,557
19,493
50,704
(62,746)
7,451
At
1 October 20
20
At
30 September
2021
Income Expenditure
Transfer
General funds
Members funds
Capital reserve account
General contingency reserve
(36,833)
40,556
15,650
5,001
41,400
(46,281)
20,651
(21,063}
40,556
(15,650)
{5,001)
24,374
41,400
(46,281)
19,493
Restricted funds
At
1 October 20
21
At
30 Septemb
er 2022
Income Expenditure
Restricted Fund 1- desc in alcs
10,820
{10,820)
At
1 October 20
20
At
30 Septembe
r 2021
Income Expenditure
Restricted Fund 1 desc in alcs
1,875
(1,875)
17

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 30 September 2022
20. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2022
Tangible fixed assets
Debtor
Current assets
Creditors less than 1 year
Provisions
15,363
2,780
6,608
(4,925)
(12,375)
15,363
2,780
6,608
(4,925)
(12,375)
Net assets
7,451
7,451
Unrestricted Total Funds
Funds
2021
Tangible fixed assets
Current assets
Creditors less than 1 year
Provisions
20,968
22,681
(6,916)
117,240)
20,968
22,681
(6,916)
(17,2401
Net assets
19,493
19,493
18