CHARITY REGISTRATION NUMBER: 103035
Irvinestown Pre-school Playgroup
Unaudited Financial Statements
31 August 2024
GA THOMPSON ACCOUNTANC
Chartered accountants
24 Main Street
Kesh
Co Fermanagh
BT93 1TF

Irvinestown Pre￿ChoOl Playgroup
Financial Statements
Year ended 31 August 2024
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 statements

Irvinestown Pre￿ChoOl Playgroup
Trustses. Annual Report
Year ended 31 August 2024
The trustees present their report and the unaudited financial statements of the charity for the year
ended 31 August 2024.
Reference and administratlve details
Registered charlty name
Irvinestown Pre-school Playgroup
Charity registration number
103035
Prfnclpal offlce
Old Victoria School
Scallen Road
Irvinestown
Co Fermanagh
BT94 1HU
The trustee8
Mrs E Hetherington
Mrs L Brown-McArdle
Mrs S Carleton
Mrs C Hunter
Mrs G Mccaffrey
Mrs S Knox
Ms H Sproule
Ms D Nedley
Ms L Corrigan
Ms R Emerson
Ms E McNulty
Independent examiner
Gary Thompson
24 Main Street
Kesh
Co Fennanagh
BT93 1TF
Structure. governance and managem6nt
Govern5ng document
Irvinestown Pre-school Playgroup is registered with the Charty Commission for Northern Ireland.

Irvinestown Pre-school Playgroup
Trustees. Annual Report (continu•d)
Year ended 31 August 2024
structure, governance and management (conllnued)
Govemance
Irvinestown Pre-Schc>ol Playgroup has a responsibilty to conduct its business efficiently. The
estsblishment 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 V￿11 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.
Objoctlves and activitles
Prlnclpal 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 leaming. The children are tsught 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 leam and develop their personal capabilits'es and thinking
skills to achieve their potential with the Northem 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 perfomance wll be monitored, obsep4ed and recorded by fully trained staff, who are in turn
inspected regularly by inspection authorities.
Achlevoments 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.
Flnancial review
Review of the Business
The charity is non-profit making with a net surplus of £4,967 for the year. The management continues
to be engaged in ongoing efficiency savings and is aware of the sustainable use of resources.
Reserves Pollcy
The trLbStees of Irvinestown Pre-school Playgroup have set a reserves policy which require that
reserves 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 reserves 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 (¢onrfnuedJ
Year ended 31 August 2024
The trustees, annual ￿port was approved on 16 November 2024 and signed on behalf of the board of
trustees by..
Ci_
Mrs E Hetherington
Trustee

Irvinestown Pre-school Playgroup
Independent Examinerfs Report to the Trustees of Irvinestown Pre-school
Playgroup
Year ended 31 August 2024
I report to the trustees on my examination of the financial statements of Iniinestown Pre-school
Playgroup {'the charity,) for the year ended 31 August 2024.
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 (Northem 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 carying out my examination I have followed the general Directions given by the
Charity Commission for Northem Ireland under section 65{9)(bl of the 2008 Act.
Independent examinerfs 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 as required by with section 63 of the 2008 Act; or
the financial ststements do not accord wrth those records., or
the financial statements do not comply with the accounting requirements of the 2008 Act., or
the financial statements do not comply wrth the applicable requirements conceming 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 fairf view which is not a matter
considered as part of an independent examination.
I confirm that there are no other matters to which your attentFon should be drawn to enable a proper
understanding of the accounts to be reached.
sort
dent Examiner
24 Main Street
Kesh
Co Fennanagh
BT93 1TF
16 November 2024

Irvinestown Pre-school Playgroup
Statement of Financial Activities
Year ended 31 August 2024
2024
Unrestricted
funds Total funds Total funds
2023
Note
Income and endowments
Donations and legacies
Other trading activities
Investment income
Other income
77,494
962
123
1,906
77,494
962
123
1,9(
62,368
429
43
1,401
64,241
Total income
80,485
80.485
Expenditure
Expenditure on charitable activities
Total expenditure
75.518
75,518
69,314
69,314
75,518
75,518
Net incomellexpenditure) and not movement in funds
4.967
4.967
{5,073)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
72,109
72,109
77,182
72,109
77,076
77,076
The statement of financial activits'es includes a51 gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 8 to 13 fomi part of these financial statements.

Irvinestown Pre-school Playgroup
Statement of Financial Position
31 August 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
10
14,676
8,905
Current assets
Cash at bank and in hand
63.960
67,199
Creditors: amounts falling due within one year
Net current assets
11
1,560
3,995
62,400
63,204
Totsl assets less current liabilities
77.076
72.109
Net assets
77,076
72,109
Funds of the charity
Unrestricted funds
77,076
77,076
72,109
Total charity funds
13
72,109
These financial statements were approved by the board of trustees and authorised for issue on 16
November 2024, and are signed on behalf of the board by:
CI_ qJL k
Mrs E Hetherington
Trustee
The notes on pages 8 to 13 forni part of these financial statements.

Irvinestown Pre￿chool Playgroup
Statement of Cash Flows
Year ended 31 August 2024
2024
2023
Cash flows from operating activities
Net incomel(expenditure)
4,967
(5,073)
Adjustments for..
Depreciation of tangible fixed assets
Other interest receivable and similar income
Accrued (income)lexpenses
3.669
{123)
(1,124)
1,743
(43)
869
Changes in..
Trade and other creditors
(1,311)
6,078
{1)
(2,505)
Cash generated from operations
Interest received
123
43
Net cash froml(used in) operating activities
6,201
(2,462)
Cash flows from Investlng actlvltles
Purchase of tangible assets
Net cash used in investing activities
(9,440)
(9,440)
Not docrease In cash and cash equlvalents
Cash and cash equivalents at beginning of year
Cash and cash equlvalents at end of year
(3,239)
67,199
63,960
(2,462)
69,661
67,199
The notes on pages 8 to 13 forni part of these financial statements.

Irvinestown Pre-school Playgroup
Notes to the Financial Ststsments
Year ended 31 August 2024
General infonnation
The charity is a public benefit enbty and a registered charity in Northem Ireland and is
unincorporated. The address of the principal office is Old Victoria School, Scallen Road,
Irwinestown. Co Fermanagh. BT94 1 HU.
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 liabilits-es and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the funcb'onal currency of the entity.
Going concem
There are no material uncertainties about the charity's ability to conts'nue.
Judgements and key sources of estimation uncertainty
Estimates and judgements are continualty evaluated and are based on historical experience and
other factors, including expectations of future events that are believed to be reasonable under the
Circumstan￿$.
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 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 sub-classes.. restricted income funds or
endowment funds.

Irvinestown Pre￿Chool Playgroup
Notes to the Financial Statsments (continued)
Year ended 31 August 2024
Accounting policies (continued)
Incoming resources
All incoming reSoUr￿S 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 ￿ognISed 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 retumed 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 depreciats-on 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 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 oftsets 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
20.10 reducing balan
Impainnent of fixed assets
A review for indicators of impainnent 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 impainnents are also reviewed for
possible reversal at each reporting date.

Irvinestown Pre-school Playgroup
Notes to the Financial Statements (¢ontinuedJ
Year ended 31 August 2024
Accounting policies (continued)
Impairment of fixed assets (continued)
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-
generats'ng 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 impaimient 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, irrespects-ve 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 paty to the
contractual provisions of the instrument
Basic financial instruments are initially recognised at the amount re￿1vable 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 re￿iVed and not discounted.
Debt instruments are subsequenUy measured at amortised cost
Where 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 expenditu￿. All other such investments are subsequently measured at
cost less impaimient.
other financial instruments. including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond nomial 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 acts'vities. 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
activits-es 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 indiwdually or grouped on the basis of similar credit risk characteristics.
Any reversals of impainnent are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exc&ds what the carying amount would
have been had the impairment not previousty been recognised.
10

Irvinestown Pre￿ChoOl Playgroup
Notes to the Financial Statements (continu
Year ended 31 August 2024
Accounting pollcles (¢ontinuedJ
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.
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 Totsl Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Fundraising events
962
962
429
429
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest recebvable
123
123
43
43
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Snack money
Photo Money
1,597
309
1,597
309
1,401
1,401
1,906
1,906
1,401
1,401
Expenditure on charitsble activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Main Activity
75.518
75.518
69,314
69,314
11

Irvinestown Pre￿ChoOl Playgroup
Notes to the Financial Statements (continuod)
Year ended 31 August 2024
Expenditure on charitable activities by activity type
Activities
undertaken Total funds
directly
2024
Total fund
2023
Main Activity
75,518
75,518
69,314
Not incomel{expenditure)
Net incomel(expenditure) is stated after chargingl{crediting):
2024
2023
Depreciation of tangible fixed assets
3,669
1,743
Independent exam5nation fees
2024
2023
Fees payable to the independent examiner for-.
Independent examination of the financial statements
510
480
10. Tanglble fixed assets
Equlpment
Cost
At 1 September 2023
Additions
13,590
9,440
23,030
At 31 August 2024
Depreciatlon
At 1 September 2023
Charge for the year
At 31 August 2024
Carrying amount
At 31 August 2024
At 31 August 2023
4,685
3,669
8,354
14,676
8,905
11. Creditors: amounts falllng due within one year
2024
2023
Trade creditors
Accruals and deferred income
571
989
1,882
2,113
3,995
1,560
12

Irvinestown Pre-school Playgroup
Notes to the Financial Statements (continued)
Year ended 31 August 2024
12. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relab.on to defined
contribution plans was £610 (2023: £508).
13. Analysis of charitable funds
Unrestricted funds
At
1 September
2023
At
31 August 20
24
Income Expenditure
General funds
72,109
80,485
(75,518)
77,076
At
1 September
2022
At
31 August 20
23
Income Expenditure
General funds
77,182
64,241
(69,314)
72,109
14. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
14,676
63,960
(1,560)
77,076
14,676
63,960
(1,560)
77,076
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
15. Analysis of changes In net debt
At
At 1 Sep 2023 Cash flows 31 Aug 2024
Cash at bank and in hand
67,199
(3,239)
63,960
13