COMPANY REGISTRATION NUMBER: N1066404
CHARITY REGISTRATION NUMBER: NIC102700
Slieve Gallion Community Pre-school
Company Limited by Guarantee
Unaudited Financial Statements
30 September 2023
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 2023
Page
Directors, annual report (incorporating the directors 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 2023
The directors, who are also the directors for the purposes of company law. present their report and the
unaudited financial statements of the Gharity for the year ended 30 September 2023.
Reference and administrative detalls
Reglstered charity name
Charlty registration number
Slieve Gallion Community Pr&School
NIC102700
Company registratlon number N1066404
Principal offlce and registered 62B Longfield Road
office
Desertmartin
Magheiafelt
BT45 5LS
Co Derry
The directors
Frances Barker
Denise Mccool
Clare Murray
Independent examlner
PFS Accountants and Auditors Ltd
122 Main Street
Dungiven
Co Derry
BT47 4LG

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) (contlnuedj
Year ended 30 September 2023
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 Mpmber
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 - Cotr7iTiitlee Member
Edel McGuckin - Committee Member
Michael Mciver- Committee Member
Liam Kearny - Committee Member
Linda Carmichael Committee Member
Ann Marie Ohagan
Julie Ohagan
Charlene Mcgovem
Leanne Martin
Declan Mcelhenon
Eimear Hegaty
Objectives and actlvities
The principal activities of the company are to enhance the development and education of young
children by encouraging pafentslguardians to understand and provide for the needs of their children
by offering play facilities.
Achlevements and perfomiance
We Wll continue to pla￿ great emphasi5 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 ail
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) (conllnued)
Year ended 30 September 2023
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 4 June 2024 and signed on behalf of the board of
trustees by:
Denise Mccool
Director

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Independent Examiner's Report to the Directors of Slieve Gallion Community
Pre-school
Year ended 30 September 2023
I report to the directors on my examination of the financial statements of Slieve Gallion Community
Pre-school ('the charity,) for the year ended 30 September 2023.
Responsiblllties 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 iequirements of
Charities Act (Northern Ireland) 2008 (the .2008 Act.) and the Companies Act 2C()61'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 lo have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's financial statements as Garried out un¢Jer 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)(b} of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confimi that no matters have come to my altentit)n in connȢtion
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 statements do not accord with those records,. or
Ihe financial statements do not comply with the a¢counting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'true and fail view which
is not a matter considered as part of an independent examination,. or
the fi'nancial 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 lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Independent Examiner's Report to the Directors of Slieve Gallion Community
Pre.School (continued)
Year ended 30 September 2023
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.
PFS Accountants and Auditors Ltd
Independent Examiner
122 Main Street
Dungiven
Co Derry
BT47 4LG
4 June 2024

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Statement of Financial Activities
{including income and expenditure account)
Year ended 30 September 2023
2023
Restricted
funds Total funds Total funds
Unrestricted
funds
2022
Note
Income and endowments
Donations and legacies
Other trading 2clivili@s
Investment income
Total income
56,249
5,309
65
6,616
62,865
5,309
65
54,453
7,064
61,623
6,616
68.239
Expendlture
Expenditure on raising funds..
Costs of raising donations and
legacies
Total expenditure
61,524
55,432
55,432
6,616
62,048
62,048
73,566
73,566
6,616
Net Incomel(expendilure) and not
movement In funds
6.191
6,191
(12,042)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
7,452
13,643
7,452
13,643
19,493
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 9 to 19 fomi part of these financlal statements.

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Statement of Financial Position
30 September 2023
2023
2022
Note
Flxed assets
Tangible fixed assets
13
10,242
15,363
Current assets
Debtors
Cash at bank and in hand
14
2,780
6,608
9,388
13,648
13,648
Credltors: amounts falllng due wlthin one year
Net current assets
Total assets less current liabllllies
Creditors: amounts falling due after more than one year
Net assets
15
1,997
11,651
4,925
4,463
19,828
21,893
16
8,250
13,643
12,375
7,451
Funds of the charlty
Unrestricted funds
13,643
7,451
7,451
Total charlty funds
20
13,643
For the year ending 30 September 2023 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 direclors acknowledge their responsibilities for comptying 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 9 to 19 forni part of these financial statements.

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Statement of Financial Position (contintsedj
30 September 2023
These financial statements were approved by the board of trustees and authorised for issue on 4 June
2024, and are signed on behalf of the board by..
Frances Barker
Dire¢tor
Denise Mccool
Director
Clare Murray
Director
Tho note8 on pages 9 to 19 form part of the8è financial 8taternents.

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 September 2023
General information
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 SLS, Co Derry.
Statement of Compliance
These financial statements 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 IFRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
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 investmenl properties measured at fair
V8liJ@ 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 al)out the charity'5 ability to continue.
Judgements and key sources of estlmation uncertalnty
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 accountlng
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 commitmenL
Restricted funds are subjected to restrictions on their expenditure declared by Ihe 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 (eontlntsed)
Year ended 30 September 2023
Accounting policies (continu8dJ
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 cateqories of in¢ome.'
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 entidement is established.
incomg. from donated goods is measured at the fair value of the goods unless this is
impractical lo 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 de.livery of thè
Gontrabted servlce. 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 liabilty ig incurred. EXpCnditu￿ includes any
VAT which cannot be fully recovered. and is classified under headings of the statement of
finanGial activities lo which it relates:
expenditure on raising funds includes the costs of all fijndraising activities, events,
non-charilable 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 apportM)ned 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
behveen the activities they contribute to on a reasonable. justifiable and consistent basis.
Tanglble assets
Tangible assets are initially recorded at cost. and subsequently stated at cost less any
accumulated depreciation and impairmenl 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.
10

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (Gontlnu
Year ended 30 September 2023
Accounting policles (eondnu¢dJ
Tangible assets (condnuod)
An increase in the carrying amunt 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 abbel as a result of revaluation, is recognised in other rgcognised gains and losqp.s,
except to which it offsets any previous revaluation gain, in which case the Ioss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciatlon
Depreciation is calculated 50 as to write off the cost or valuation of an asset. less its residual
value. over the useful economic lite ot that asset as follows:
10% straight line
100/0 Straight line
200A straight line
10% straight line
Car park & yard improvements
Mobile classroom
Fixtures and fittings
Soft play area
Impalmient 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 Ihe 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 impaimient 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. Crants
are not re¢ognised until there is reasonable assurance that the charity will comply with the
conditions attaching to them and the grants will be received.
Where 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 perfomiance-related conditions have been met. Where
grants received are prior to sats'sfying the revenue recognition criteria, they are recognised as a
11

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements fcontlnu¢d)
Year ended 30 September 2023
Accounting policles (eontlnued)
Financlal 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 recetvable or payablo including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
considerats'on expected to be paid or re￿iVed and not discounted.
Debt instruments are subsequently measured at amortised cosL
Vvhere investments 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. Al 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 asqet is defÈrred beyond normal business leim5 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 al a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any ohanges
recognised in the slalement 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 for 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 eX￿edS 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.
12

Slieve Gallion Community Pre￿chool
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 30 September 2023
Accounting pollcies (conllnued)
Defined contrlbution plans (eontlnued)
Vvhen contributions are not expected to be settled wholly within 12 rTh)nths 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 perlo(I In which it arises.
Llmited by guarantee
The company is Limited by Guarantee and does not have a share capital.
Donations and legacles
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donatlons
Donations
8,929
8,929
Grants
NEELB Funding
Community Foundalion
Halifax Foundation
Albert Hunt
Early Years
46,820
46,820
1,999
1,298
2,000
1,819
1,999
798
2,000
1,819
6,616
500
56,249
62,865
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donatlons
Donations type 1
883
883
Grants
NEELB Funding
Mains Grant
Community Foundation
Honourable Irish Society
Grounwork UK
Halifax Foundation
42,750
42,750
4,880
1,000
1,035
1,125
2,780
54,453
4,880
1.000
1.035
1,125
2,780
43,633
10,820
13

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (¢ontinuedJ
Year ended 30 September 2023
Other trading activlties
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Parental contributions
Fundraising events
After Schools Club
876
446
.3 g87
876
446
3,987
1,650
3,314
2,100
1,650
3,314
2,100
5.309
5,309
7,064
7,064
Investment income
Unrestricted Total Funds Unrestr￿ted Total Funds
Funds
2023
Funds
2022
Bank interest re￿1vable
65
65
Costs of raising donations and legacies
Unresli iLted
Funds
Restricted Total Funds
Funds
2023
Toys, arts & crafts
Wages and salaries
Pension costs
Rent and rates
Light & heal
Repairs & maintenance
Insurance
Accountancy fees
Office expenses
Legal and professional fees
Telephone
Amortisation
Depreciation
Bank fees
Sundry expenses
1.974
1,819
1,974
41,478
1,092
2,200
2.780
1,302
1,243
1,627
1,187
2,574
1,292
(4,125)
5,121.
166
2,137
39,659
1,092
200
2,780
1,302
1,243
1.627
1,162
2,574
1,292
(4.125)
5,121
166
1,339
55,432
2.000
25
798
6,616
62,048
14

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (conunugd)
Year ended 30 September 2023
Costs of raislng donatlons and lega¢les (conllnued)
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Food & consumables
Toys, arts & crafts
Wages an(1 salaries
other type 1- employefs 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
{4,8661
5,605
167
144
2,780
1,400
280
1,725
2,335
1,280
62,746
1D.820
73,566
Net Incomel{expenditure)
Net incomel(expenditure) is stated after chargingl(crediting):
2023
2022
Depreciation of tangible fixed assets
5,121
5,605
10. Independent examlnation fees
2023
2022
Fees payable to the independent examiner for=
Independent examination of the financial statements
1,627
1,958
15

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements {¢ontinued)
Year ended 30 September 2023
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2023
2022
Wages and salaries
Social security costs
Employer contributions to pension plans
Other employee benefits
41,478
41,287
110
1,071
3,003
1,092
42,570
45,471
The average head count of employees during the year was Nil (2022.. 5). The average number of
full-lime equivalent employees during the year is analysed as follows-
2023
2022
Administrative staff
No employee received employee benefits of more than £60.000 during the year (2022.. Nil).
12. Trustee remun8ration and expense8
The directorsltrustees received no remuneration in the year (2022= £nil) and there were no
transactions in which the directors had an interest requiring disclosure.
13. Tangible fixed assets
Short
leasehold Plant and Fixtures and User defined
propety machinery
fittings
asset
Total
Cost
At 1 October 2022 and
30 September 2023
Depreciation
At 1 October 2022
Charge for the year
At 30 September 2023
Carrying amount
At 30 September 2023
At 30 September 2022
42,906
52.025
17,475
3,248
115,654
30,531
4,125
52,025
14.487
996
3.248
100,291
5,121
34.658
52,025
15,483
3,248
105,412
8,250
1,992
10,242
15,363
12,375
2.988
14. Debtors
2023
2022
Trade debtors
2,780
16

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements Icontinued)
Year ended 30 September 2023
15. Creditors: amounts falling due within one year
2023
2022
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
1,360
3,419
1,020
264
222
383
254
1,997
4,925
16. Creditors: amounts falling due after more than one year
2023
2022
Accruals and deferred income
8,250
12,375
17. Deferred income
2023
2022
At 1 October 2022
Amount released to income
At 30 September 2023
12,375
(4,125)
8,250
17,241
(4,866)
12,375
18. Penslons and other p¢>st retirement benefits
Defined contrlbutlon plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £1,092 (2022.. £1,071).
.19. Government grants
The amounts recognised in the financial statements for government grants are as follows..
2023
2022
Recognised in creditors..
Deferred government grants due after more than one year
8,250
12,375
17

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Statements (c¢>nUnued)
Year ended 30 September 2023
20. Analysis of charitable funds
Unrestrlcted funds
At
l October 202
At
30 Septembe
r 2023
Income Expenditure
General funds
Designated Fund 1
(33,104)
40,556
7.452
61,623
{55,432)
(26,913)
40,556
61,623
(55,432)
13,643
At
l October 202
At
30 Septembpr
2022
Income Expenditure
General funds
Designated Fund 1
(21,064)
40,557
19,493
50,704
(62,746)
{33,106)
40,557
7,451
50,704
{62,746)
Restricted funds
At
l October 202
At
30 Septembe
r 2023
Income Expenditure
Restricted Fund 1
6,616
{6,616)
At
l October 202
At
30 September
2022
Income Expenditure
10.820
Restricted Fund 1
(10,820}
18

Slieve Gallion Community Pre-school
Company Limited by Guarantee
Notes to the Financial Ststements (conllnuedj
Year ended 30 September 2023
21. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
10,242
13,648
(1,997}
(8,250)
13,643
10,242
13,648
(1,997)
(8,250)
13,643
Unrestricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Not ass•ts
15,363
9,388
{4,925)
(12,375)
7,451
19