CHARITY REGISTRATION NUMBER: 103035
Irvinestown Pre-school Playgroup
Unaudited Financial Statements
31 August 2023
GAT
MPSON ACCO
Chartered accountants
24 Main Street
Kesh
Co Fermanagh
BT93 1TF
CY

Irvinestown Pre-school Playgroup
Financial Statements
Year ended 31 August 2023
Page
Trustees, annual report
Independent examinerfs report. to the trustees
Statement of financial activities
Statement of financial position
Statement of cash flows
Notes to the financial statemeiits

Irvinestown Pre-school Playgroup
Trustees, Annual Report
Year ended 31 August 2023
The trustees present their report and the unaudited financial statements of the charity for the year
ended 31 August 2023.
Reference and administrative details
Registered charity name
Irvinestown Pre-school Playgroup
Charity registration number
103035
Principal office
Old Victoria School
Scallen Road
Irvinestown
Co Fermanagh
BT94 1HU
The trustees
Mrs E Hetherington
Mrs L Brown-McArdle
Mrs S Simpson
Mrs S Carleton
Mrs C Millar
Mrs C Hunter
Mrs C Maguire
Mrs G Mccaffrey
Mrs N Mccarney
Mrs S Knox
Independent examiner
Gary Thompson
24 Main Street
Kesh
Co Fermanagh
BT93 1TF
Structure, governance and management
Governing document
Irvinestown Pre-school Playgroup is registered with the Charity Commission for Northern Ireland.

Irvinestown Pre-school Playgroup
Trustees, Ann ual Report (contlnued)
Year ended 31 August 2023
Structure. governance and management (continued)
Governance
Irvinestown Pre-school Playgroup has a responsibility to conduct its business efficiently. The
establishment of, and the strict adherence to sound financial management policies is an integral part
of the organisation. The trustees and Management Committee are committed to establishing,
maintaining and applying all necessary good practice to ensure that their duty of care to the
management of finances of the organisation are fulfilled. The trustees are responsible for taking the
strategic decisions of how the Charity will move forward and who also are responsible for
appointments of future trustees.
It is essential that Irvinestown Pre-school Playgroup control all operational risks as far as is possible.
This includes the participation of all those involved directly or indirectly with the banking arrangements
for the organisation. Along with the financial systems of the organisation, this policy aims to detail
responsibilities, risk management, internal controls, and audit requirements associated with the use of
online banking.
Objectives and activities
Principal activity
Irvinestown Pre-school Playgroup is a pre-school setting. There is a fully trained and experienced
staff who plan a play based curriculum. This curriculum is planned in line with the Nl pre school
curriculum. The organisation has an extensive bank of policies pertaining to all areas within the pre
school curriculum, identifying all the areas of learning, health and safety and child protection to ensure
a cohesive approach to the children's learning. The children are taught through a play based
curriculum five days per week.
The benefit flowing from the purposes of Irvinestown Pre-school Playgroup is that all children in the
community will have equal opportunities to learn and develop their personal capabilities and thinking
skills to achieve their potential with the Northern Ireland Pre-school curriculum. The children have a
safe and secure environment in which they can develop, which benefits their well being as a whole.
This will benefit the community as a whole as the children in the Pre-school setting will begin their
school career on a positive footing towards becoming good citizens within the community. The
children's performance will be monitored, observed and recorded by fully trained staff, who are in turn
inspected regularly by inspection authorities.
Achievements and performance
The charity continued to operate successfully throughout the year and meet the objectives that it was
set up to achieve as listed above.
Financial review
Review of the Business
The charity is non-profit making with a net deficit of £5,073 for the year. The management continues
to be engaged in ongoing efficiency savings and is aware of the sustainable use of resources.
Reserves Policy
The trustees of Irvinestown Pre-school Playgroup have set a reserves policy which require that
reseNes be maintained at a level which ensures that the charity's core activity could continue during a
period of unforeseen difficultly and to assist in the future strategic development of the organisation.
The trustees have agreed that the Charity should endeavour to hold reseNes at an amount not less
than £15,000 in an effort to minimise the risks identified by the charity.

Irvinestown Pre-school Playgroup
Trustees. Annual Report (continued)
Year ended 31 August 2023
The trustees, annual report was approved on 25 October 2023 and signed on behalf of the board of
trustees by..
Mrs E Hetherington
Trustee

Irvinestown Pre-school Playgroup
Independent Examiner's Report to the Trustees of Irvinestown Pre-school
Playgroup
Year ended 31 August 2023
I report to the trustees on my examination of the financial ststements of Irvinestown Pre-school
Playgroup ('the charity,) for the year ended 31 August 2023.
Responsibilities and basis 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 (Northern Ireland) 2008 {the '2008 Act')- You
are satisfied that your charity is not required by charity law to be audited and have chosen instead to
have an 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){b) of the 2008 Act.
Independent examlnefs statement
I have completed my examination. I confimi 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 as required by with section 63 of the 2008 Act., or
the financial statements do not accord with those records., or
the financial statements do not comply with the accounting requirements of the 2008 Act., or
the financial statements do not comply with the applicable requirements concerning the
form and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'true and fair view which is not a
matter considered as part of an independent examination.
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.
Gary Thompson
Independent Examiner
24 Main Street
Kesh
Co Fermanagh
BT93 1TF

Irvinestown Pre-school Playgroup
Statement of Financial Activities
Year ended 31 August 2023
2023
Unrestricted
funds Total funds
2022
Total funds
Note
Income and endowments
Donations and legacies
Other trading activities
Investment income
Other income
62,368
429
43
1,401
64,241
62,368
429
43
1,401
64,241
56,444
923
221
Total Income
57,589
Expenditure
Expenditure on charitable activities
Total expenditure
69,314
69,314
69,314
65,367
65,367
69,314
Net expenditure and net movement in funds
(5,073)
{5,073)
(7,778)
Reconciliation of funds
Total funds brought fomard
Total funds carried forward
77,182
77,182
84,960
72,109
72,109
77,182
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 13 form part of these financial staternents.

Irvinestown Pre-school Playgroup
Statement of Financial Position
31 August 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
10
8,905
10,648
Current assets
Cash at bank and in hand
67,199
69,661
Creditors: amounts falllng due wlthln one year
Net current assets
11
3,995
3,127
63.204
66,534
Total assets less current liabilities
72,109
77,182
Net assets
72,109
77,182
Funds of the charity
Unrestricted funds
72,109
77,182
Total charity funds
13
72,109
77,182
These financial statements were approved by the board of trustees and authorised for issue on 25
October 2023, and are signed on behalf of the board by..
Mrs E Hetherington
Trustee
The notes on pages 8 to 13 forni part of these financial statements.

Irvinestown Pre-school Playgroup
Statement of Cash Flows
Year ended 31 August 2023
2023
2022
Cash flows from operating activities
Net expenditure
{5,073)
17,778)
Adjustments for..
Depreciation of tangible fixed assets
Other interest receivable and similar income
Accrued expensesl(income)
1,743
(43)
869
1,540
{1)
(114)
Changes in..
Trade and other debtors
Trade and other creditors
3,187
{1,648)
{4,814}
(1)
(2,505)
Cash generated from operations
Interest received
43
Net cash used in operating activities
(2,462)
(4,813)
Cash flows from investing activities
Purchase of tangible assets
Net cash used in investing activities
(3,820)
{3,820)
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
(2,462)
69,661
(8,633)
78,294
67,199
69,661
The notes on pages 8 to 13 form part of these financial statements.

Irvinestown Pre￿ChoOl Playgroup
Notes to the Financial Statements
Year ended 31 August 2023
General infomiation
The charity is a public benefit entity and a registered charity in Northern Ireland and is
unincorporated. The address of the principal office is Old Victoria School, Scallen Road,
Irvinestown, Co Fermanagh, BT94 114U.
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'5 ability to continue.
Judgements and key sources of estimation uncertainty
Estimates and judgements are contiriually evaluated and are based on historical 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 ￿rnds earmarked by the trustees 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.

Irvinestown Pre-school Playgroup
Notes to the Financial Statements (continued)
Year ended 31 August 2023
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.
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.
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 statemenl of financial activities. A decrease in the Garrying
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
value, over the useful economic life of that asset as follows..
Office Equipment
20 % reducing balance
Impairnient 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. Vvhere the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.

Irvinestown Pre-school Playgroup
Notes to the Financial Ststements (continued)
Year ended 31 August 2023
Accounting policies (continued)
Impairment of fixed assets (contlnued)
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.
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.
ere 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. 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 busine55 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 ststement 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 2sset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
10

Irvinestown Pre-school Playgroup
Notes to the Financial Statements (contlnuèd)
Year ended 31 August 2023
Accounting policies (contlnued)
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related seNice 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.
When 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.
other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Fundraising events
429
429
923
923
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Bank interest receivable
43
43
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Snack money
Photo Money
1,401
1,401
21
200
21
200
1.401
1,401
221
221
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Main Activity
69,314
69,314
65,367
65,367
11

Irvinestown Pre-school Playgroup
Notes to the Financial Statements (¢ontinued)
Year ended 31 August 2023
Expenditure on charitable activities by activity type
Activities
undertaken Total funds
directly
2023
Total fund
2022
Main Activity
69,314
69,314
65,367
Net expenditure
Net expenditure is stated after chargingl(crediting)'.
2023
2022
Depreciation of tangible fixed assets
1,743
1,540
Independent examination fees
2023
2022
Fees payable to the independent examiner for.
Independent examination of the financial statements
480
480
10. Tangible fixed assets
Equipment
Cost
At 1 September 2022 and 31 August 2023
Depreciation
At 1 September 2022
Charge for the year
At 31 August 2023
Carrylng amount
At 31 August 2023
At 31 August 2022
13,590
2,942
1,743
4,685
8,905
10,648
11. CredFtors: amounts falling due within one year
2023
2022
Trade creditors
Accruals and deferred income
1,882
2,113
1,883
1,244
3,995
3,127
12

Irvinestown Pre-school Playgroup
Notes to the Financial Statements (continuo
Year ended 31 August 2023
12. Penslons 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 £508 {2022'. £483).
13. Analysis of charitable funds
Unrestricted funds
At
1 September
2022
At
31 August 20
23
Income Expenditure
General funds
77,182
64,241
(69,314)
72,109
At
1 September
2021
At
31 August 20
22
Income Expenditure
General funds
84,960
57,589
(65,367}
77,182
14. Analysis of net assets botween funds
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
8,905
67,199
(3,995)
72,109
8,905
67,199
(3,995)
72,109
Unrestricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
10,648
69.661
(3,127)
77,182
10,648
69,661
(3,127)
77,182
15. Analysis of changes in net debt
At
At 1 Sep 2022 Cash flows 31 Aug 2023
Cash at bank and in hand
69,661
(2,462}
67,199
13