Company Registration No. N1041479 IIThLE ACORNS PLAYGROUP (A company Ilmlted by guarantee and not havlng a share capital) DIRECTORS. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 HMRC Charlty Reference XR 22757 CCNI Reference NIC 102983
LIThLE ACORNS PLAYGROUP COMPANY INFORMATION Directors Mr5 Barbara Taylor Mr Trevor Adams Mrs Laura McKelvey Mrs Joy Gamble Miss Caroline Reid Secretary Mrsjoy Gamble Registered Office 120 Castleroe Road Coleraine Co. Londonderry BT513RN Accountants Mark Harvey Chartered Accountant 3 Grange Road Coleraine BT52 ING Bankers Ulster Bank Ltd 30 The Diamond Coleraine Co. Londonderry BTS2 IDP
LirrLE ACORNS PLAYGROUP CONTENTS Page Directorfs Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-12
LIThLE ACORNS PLAYGROUP STATEMENT OF FINANCIAL AcnvmES (Incorporating Income and Expenditure Account) For the year ended 30 September 2024 Total Unrestricted Restrlrted Funds Note5 Funds Funds 2024 Total Funds 2023 Income and endowments from: Donations and legacie5 Other trading activities Charitable activitie5 Total incoming resources 2,860 44,653 47,513 2,860 49,625 52.485 1,325 40,946 42,271 4,972 4,972 Expenditure on: Charitable activities Governance costs Total resources expended 49,947 781 50,728 5,661 55,608 781 56,389 54,091 1,084 55,175 5,661 Net income/(expenditure) 3,215 689 12,904 Total funds brought forward 14 1,870 4,693 6,563 19,467 Total funds carrled forward 14 1,345 2,659 6,563 All incoming resources and resources expended derive from continuin8 activities. The company has no recognised gains or losses for the year other than the results above. The notes on pages 8-12 form part of these financial statements and should be read In conjunction therewlth.
LITfLE ACORNS PLAYGROUP BALANCE SHEET as at 30 September 2024 2024 2023 Notes Fixed Assets Tangible Assets io 4,252 6,374 Current Assets Cash at Bank and in Hand 858 3,862 Creditors Net Current Assets 858 3,862 Total Assets less CUrnt Liabilities 5.110 10,236 Accruals and deferred income 11 2,451 3,673 Net Assets 2,659 6,563 Funds Restricted Funds Unrestricted Income Funds Total Charity Funds 4,693 1,870 6,563 1,345 2,659 14 For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 Companies Act 2006 relating to small companies. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within part 15 of the Companies Act 2006. Approved by the board and authorised for issue on l February 2026 and signed on its behalf by: Director The notes on pages 8-12 form part of these financial ststements and should be read in tonjunction therewith.
LirrLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Basis of Preparation 1.1 Accountlng convention The financial statements are prepared under the historical cost convention with items recognised at cost or transaction value unless othenmise stated in the relevant notes. 1.2 Compliance with accounting standards The financial statements are prepared in accordance with FRS 102 "The Financial Reportin8 Standard applicable in the UK and Republic of Ireland" The disclosure requirements of section IA of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements have also been prepared in accordance with the Statement of Recommended practi "Accounting and Reporting by Charities" 1.3 Fund accounting Unrestricted funds are general funds that are available for use at the directors, discretion in furtherance of the objectlves of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Accountlng policies 2.1 Incomlng resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Income is derived from the provision of pre-school educational services and is recogni5ed as earned {that is, as the related goods or services are provided.) Investment income is included when receivable. Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where the entitlement, certainty of receipt and amount can be measured with sufficient reliability. 2.2 Resources expended Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable expenditure comprises those costs incurred by the charity in the delivery of its 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.
LITfLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED) Costs of generating funds are those costs incurred in attracting voluntary income. and those incurred in trading activities that raise funds. Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and costs associated with constitutional and statutory requirements. 2.3 Tangible fixed assets and depreciatlon Individual assets costing more than £200 are initially recorded at cost. Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Plant & Equipment Outdoor Play Area Office Equipment 4% Straight Line IO% Straight Line 2S% Straight Line Voluntary Income Total Unrestrlcted Restrlcted Funds Funds Funds 2024 Total Funds 2023 Donations Artlvftles for Generatlng Funds Total Unrestrfcted Restrirted Funds Funds Funds 2024 Total Funds 2023 Fundraising efforts 2,860 2,860 2.860 2.860 1,325 1,325 Income from Charttable Activities Totsl Unrestrlcted Restricted Funds Funds Funds 2024 Total Funds 2023 Fees Other Income Education Authority & Other Grants 5,514 3.891 35,248 44,653 5,514 3,891 40,220 39,646 49.629 40,946 1.3CNJ 4,872 4,972
LIThLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 {CONTINUED) Costs directly attributable to charitable activities Total Unrestrlcted Restricted Funds Funds Funds 2024 Total Funds 2023 Wage5 and related expenses Early Years Advisor Equipment Resources Training Repairs and Renewals Light and heat Water rates Telephone and postage Printin8 and stationery Bank charges Other expenses Unidentified Depreciation Capital grant release 38,140 4,972 43,112 43,936 1,104 100 100 1,174 1,680 963 1,763 323 717 21 66 733 1,487 226 628 1,487 226 628 107 996 8,052 1,433 1,222 49,947 107 996 8,052 2,122 2,833 1,222 1,222) 55,608 54,091 689 5,661 Governance Costs Total Unrestricted Restrlcted Funds Funds Funds 2024 Total Funds 2023 Insurance Independent Examinerfs fees 781 781 704 380 1,084 781 781 Net Incoming Resources 2024 2023 Net incoming resources is stated after charging: Depreciation of tangible assets and after crediting capital grant release 2,122 1,222 2,833 1,222 io
LITfLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED) Taxation The company is a Charity and is recognised as such by HMRC for taxation purposes IHMRC Charity Number XR 22757). 10. Tangible Flxed Assets Plant & Equlpment Equipment Total Cost As at l October 2023 Additions As at 30 September 2024 39,558 11,537 51,095 39,558 11,537 51,095 Depreciatlon As at l October 2023 Charge for the year As at 30 September 2024 33,184 2,122 35,306 11,537 44,721 2,122 46,843 11,537 Net Book Value As at 30 September 2024 As at 30 September 2023 4,252 6,374 4,252 6,374 11. Accruals and Deferred Income 2024 2023 Capital grant reserve: Balance at start of year Capital grant released 3.673 1,222 2.451 4,895 1,222 3,673 12. Share Capttsi The company is limited by guarantee and therefore does not have a share capital. li
LirrLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEvfEMBER 20241CONTINUED) 14. Reconciliation of Movement in Funds Total Unrestrirted Restricted Funds Funds Funds 2024 Total Funds 2023 Balance at l October 2023 (Deficit) for the year 1,870 3,215 1,345 4,693 {689 4,004 6.563 3,904 2,659 19,467 12,904 6,563 15. Contingent Liabilities The company has a liability to repay grants received should 5t cease to comply with various conditions set out in the letter of offer. 16. Capital Commltments The charity has not entered into any capital commitments at the end of the year. 17. Employees There were no employees with emoluments exceeding £60,000. The directors did not receive any remuneration for their services during the year. 2024 2023 Average number of employees 18. Dlrectors, Expenses There were no directors, expenses paid during the year. 12