2025-08-31-accounts

CHARITY REGISTRATION NUMBER: 103035

Irvinestown Pre-School Playgroup Unaudited Financial Statements 31 August 2025

GA THOMPSON ACCOUNTANCY Chartered accountants 24 Main Street Kesh Co Fermanagh BT93 1TF

Irvinestown Pre-School Playgroup

Financial Statements

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	4
Statement of financial activities	5
Statement of financial position	6
Statement of cash flows	7
Notestothefinancialstatements	8

Irvinestown Pre-School Playgroup

Trustees' Annual Report

Year ended 31 August 2025 esJaenatari

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2025.

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 Carleton (Resigned 2 December 2024) Mrs C Hunter (Resigned 2 December 2024) Mrs G McCaffrey Mrs S Knox Ms H Sproule (Resigned 2 December 2024) Ms D Nedley (Resigned 2 December 2024) Ms L Corrigan Ms R Emerson Ms E McNulty Mrs J Armstrong Ms R Melly Mrs C Muldoon Ms A Daly Mrs P McCaffrey 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.

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Irvinestown Pre-School Playgroup Trustees’ Annual Report (continuea) Year ended 31 August 2025 eee eS Structure, governance and management (continued) GovernanceIrvinestown Pre-School Playgroup has a responsibilitya 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 NI 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 surplus of £14,192 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 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.

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Irvinestown Pre-School Playgroup

Trustees' Annual Report (continuea)

Year ended 31 August 2025

The trustees' annual report was approved on 24 September 2025 and signed on behalf of the board of trustees by:

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Mrs E Hetherington Trustee

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Irvinestown Pre-School Playgroup

Independent Examiner's Report to the Trustees of Irvinestown Pre-School

Playgroup

Year ended 31 August 2025

EO | report to the trustees on my examination of the financial statements of Irvinestown Pre-School Playgroup (the charity’) for the year ended 31 August 2025.

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.

| 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 | 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

| have completed my examination. | confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:

1. accounting records were not kept as required by with section 63 of the 2008 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of the 2008 Act; or

4. _ 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.

| 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.

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a mpson
Independent Examiner
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24 Main Street Kesh Co Fermanagh BT93 1TF

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Irvinestown Pre-School Playgroup

Statement of Financial Activities

Year ended 31 August 2025

etn

		2025	2025	2024
		Unrestricted
		funds	Totalfunds	Total funds
	Note	£	£	z
Income and endowments
Donations and legacies		76,884	76,884	77,494
Other trading activities	3	2,919	2,919	962
Investment income	4	122	122	123
Other income	5	1,734	1,734	1,906
Total income		81,659	81,659	80,485
Expenditure			;
Expenditure on charitable activities	6,7	67,468	67,467	75,518
Total expenditure		67,468	67,467	75,518
Net income and net movement in funds		14,191	14,192	4,967
Reconciliation offunds
Total funds brought forward		77,076	77,076	72,109
Totalfundscarriedforward		91,267	91,267	77,076

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 statements.

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Irvinestown Pre-School Playgroup

Statement of Financial Position

a	31 August2025 OO ee
			2025	2024
		Note	£	£
Fixed assets Tangible fixed assets		10	21,830	14,676
Current assets
Cash at bank and in hand			70,954	63,960
Creditors: amounts falling due within	one year	11	1,516	1,560
Net current assets			69,438	62,400
Total assets less current liabilities			91,268	77,076
Net assets			91,268	77,076
Funds ofthe charity
Unrestricted funds			91,267	77,076
Totalcharityfunds		13	91,267	77,076

These financial statements were approved by the board of trustees and authorised for issue on 24 September 2025, and are signed on behalf of the board by:

Mrs E Hetherington L/ Trustee

The notes on pages 8 to 13 form part of these financial statements.

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Irvinestown Pre-School Playgroup

Statement of Cash Flows

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Year ended 31 August 2025
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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Cash|flows|from|operating|activities| |Net|income|14,192|4,967| |Adjustments|for:| |Depreciation|of|tangible|fixed|assets|5,458|3,669| |Other|interest|receivable|and|similar|income|(122)|(123)| |Accrued|income|(12)|(1,124)| |Changes|in:| |Trade|and|other|creditors|(32)|(1,311)| |Cash|generated|from|operations|19,484|6,078| |Interest|received|122|123| |Net cash|from|operating|activities|19,606|6,201| |Cash|flows|from|investing|activities| |Purchase|of|tangible|assets|(12,612)|(9,440)| |Net cash|used|in|investing|activities|(12,612)|(9,440)| |Net|increase/(decrease)|in|cash|and|cash|equivalents|6,994|(3,239)| |Cash|and|cash|equivalents|at|beginning|of year|63,960|67,199| |Cash|and|cash|equivalents|at end|of year|70,954|63,960|

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The notes on pages 8 to 13 form part of these financial statements.

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Irvinestown Pre-School Playgroup

Notes to the Financial Statements

Year ended 31 August 2025

OE

1. General information 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 1HU.

2. 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

Estimates and judgements are continually 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 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 two sub-classes: restricted income funds or endowment funds.

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Irvinestown Pre-School Playgroup

Notes to the Financial Statements (continued)

Year ended 31 August 2025 rec

2. 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:

• e 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.

• e 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.

• e 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 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 value, over the useful economic life of that asset as follows:

Office Equipment

• 20% reducing balance

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.

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Irvinestown Pre-School Playgroup Notes to the Financial Statements (continuea) Year ended 31 August 2025 ET 2. Accounting policies (continued)

Impairment of fixed assets (continued)

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 cashgenerating 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 becomesa 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.

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 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 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 exceeds what the carrying amount would have been had the impairment not previously been recognised.

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Irvinestown Pre-School Playgroup Notes to the Financial Statements (continued) Year ended 31 August 2025 eeeass

2. Accounting policies (continued)

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.

3. Other trading activities

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Sponsorships	176	176	-	-
	Fundraising events	2,743	2,743	962	962
		2,919	2,919	962	962
4.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Bank interest receivable	122	422	123	123
5.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Snack money	1,734	1,734	1,597	1,597
	Photo Money	-	-	309	309
		1,734	1,734	1,906	1,906
6.	Expenditure on charitable activities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	MainActivity	67,468	67,467	75,518	75,518

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Irvinestown Pre-School Playgroup

Notes to the Financial Statements (continueg)

		Yearended 31 August2025
ethic
7.	Expenditureon charitable	activities by activity type
		Activities
		undertaken	Total funds	Total fund
		directly £	2025 £	2024 E
	Main Activity	67,467	67,467	75,518
8.	Net income
	Net income is stated after charging/(crediting):
			2025	2024
			£	£
	Depreciation oftangible fixed assets		5,458	3,669
9.	Independent examination fees
			2025	2024
			£	£
	Fees payable to the independent examiner for:
	Independent examination of	the financial statements	510	510
10.	Tangible fixed assets
				Equipment
				£
	Cost
	At 1 September 2024			23,030
	Additions			12,612
	At 31 August2025			35,642
	Depreciation
	At 1 September 2024			8,354
	Charge for the year			5,458
	At 31 August 2025			13,812
	Carrying amount
	At 31 August 2025			21,830
	At 31 August 2024			14,676
11.	Creditors: amounts falling	due within one year
			2025	2024
			£	£
	Trade creditors		539	571
	Accruals and deferred income		977	989
		’	1,516	1,560

.

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Irvinestown Pre-School Playgroup

Notes to the Financial Statements (continuea)

Year ended 31 August 2025

aa

42. 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 £586 (2024: £610).

13. Analysis of charitable funds

Unrestricted funds

	Unrestricted funds
		At					At
		1 September				31 August 20
		2024		Income	Expenditure		25
		£		£	£		£
	General funds	77,076		81,659	(67,468)		91,267
		At					At
		1 September				31 August 20
		2023		Income	Expenditure		24
		£		£	£		£
	General funds	72,109		80,485	(75,518)		77,076
14.	Analysis of net assets between funds
					Unrestricted	Total	Funds
					Funds		2025
					£		£
	Tangible fixed assets				21,830		21,830
	Current assets				70,954		70,954
	Creditors less than 1 year				(1,516)		(1,516)
	Net assets				91,268		91,268
					Unrestricted	Total	Funds
					Funds		2024
					£		£
	Tangible fixed assets				14,676		14,676
	Current assets				63,960		63,960
	Creditors less than 1 year				(1,560)		(1,560)
	Net assets				77,076		77,076
15.	Analysis ofchanges in net debt
						At
			At 1	Sep 2024	Cash flows	31 Aug 2025
				£	£		£
	Cash at bank and in hand		_	63,960	6,994		70,954

14. Analysis of net assets between funds

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