COMPANY REGISTRATION NUMBER: N132947 CHARITY REGISTRATION NUMBER: NIC103150 Banagher Community Playgroup Limited Company Limited by Guarantee Unaudited Financial Statements 31 August 2024 PFS ACCOUNTANTS AND AUDITORS LTD Chartered Certified Accountants 122 Main Street Dungiven Co Derry BT47 4LG
Banagher Community Playgroup Limited Company Limited by Guarantee Financial Statements Year ended 31 August 2024 Page Directors, annual report (incorporating the directorfs report) Independent examiners report to the directors Statement of financial activities {iiicluding income and expenditure account) Statement of financial position Notes to the financial statements
. Banagher Community Playgroup Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 August 2024 The directors, who are also the trustees for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 August 2024. Reference and administrative details Registered ¢harity name Banagher Community Playgroup Limited Charity reglstration number NIC103150 Company registration number N132947 Prlnclpal office and reglstered 4a Beechmount office Feeny BT47 4TZ Co Derry The directors N Biggs U Mccullagh Leon Faulkner Independent examlner PFS Accountants and Auditors Ltd 122 Main Slreet Dungiven Co Derry BT47 4LG
Banagher Community Playgroup Limited Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (c(Jfttlnued) Year ended 31 August 2024 structure, governance and management Banagher Community Playgroup is a company limited by guarantee and accepted as charitable by HMRC under reference XR15932. The company is also a registered charity with The Charity Commission for Northern Ireland under Charity number 103150-0. The company was incorporated on 20th January 1997. The company was established under a Memorandum of Association which estsiblished the objects and powers of the company, and is gc.verned by its Articles of Association. The liability of members is limited in that every member of the company undertakes to contribute an amount not exceeding £1 in the event of the company being wound up. Recruitment and Appointment of Directors The charity Trustees are also Director5 of the company. Qrganibation Structure The Board consists of nine Trustees who administer the Playgroup and meet monthly. The Board has appointed a Playgroup Leader to manage the day-to-day operations of the Playgroup. The Playgroup Leader has delegated authority. within terms of delegated approval, for operational matters in¢luding staff supervision. delivery of Playgroup activities and budgetary management. The Playgroup is affiliated to the Early Years organisation and we work very closely with our Early Year5 Specialist to ensure that slaff are up-to-date with policy and practs-ce within the sector. Staff also undertake regular training.
Banagher Community Playgroup Limited Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 August 2024 Objectives and activitles The aims and objectives of Banagher Community Playgroup are to provide a safe, secure environment to enable the development and education of children under school age by encouraging parentslcarers to understand and provide for the needs of their children by.. Offering appropriate play facilities with the right of parents to take responsibility and to become involved in the activitie5 of the Playgroup
Ensuring the Playgroup offers opportunittes for all children regardless of religion. culture, race or means Encouraging the study of needs of such children and their families in the local area and Supporting the values and principles of Earty Years Organi5ation. The company follow the pre-school educatÉon curriculum for children attending the Playgroup covering.. Personal, social and emotional development Language development Physical development The Arts Early mathematics experience The world around us. Our daily routine is structured around- Free play Large group activities Outdoor play Buffet break. Strategic report The following sections for achievements and performance and financial review form the strategic report of the Charity. Achlevements and perfomiance The year September 2023 to August 2024 was another )sItive year for the playgroup with 15 children attending. We were able to continue to employ 3 members of staff to meet the adequate early years ratio of 1-.8. adults to children and to meet the needs ofany children who required 1.1 support. We received two grants this year from Exiended Services funding and the Child¢are Partnership Grant. Using these grants we were able to purchase a range of outdoor play equipment, mini-professors science lessons, yoga and fundamental sports skills sessions at our local sports hall. We were also able to make improvemenls to the soft pore ¢overing of our outdoor area.
Banagher Community Playgroup Limited Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 August 2024 Children had many opportunities to explo all areas of the pre-school curriculum- we were able to visit Ihe local primary school, post lelters at our local shop and make use of our local play park. Children also enjoyed tsvo trips this year. including a trip to a local forest and to The Playshed in Dery. Fundraising efforts remained good this year. We held a bonus ball competition and a weekly bonus ball raffle. We also held a Christmas and Easter raffle for hampersl This enabled us to meet our yearly target for fundraising. The Playgroup delivers its services under the early yearfs curriculum and children benefit from individual child development plans and reviews as well as the enjoyment from taking part in the above activities. Parentslcarers, knowledge and understanding is also increased through a monthly newsletter explaining current teaching themes and advising parentslcarers how they can reinforce learning with their child (eg learning about the s'-.4sons- songs etc.) and regular individual parent update meetings. The playgroup staff and trustees continued VrkIng with their EY specialist to improve the overall effectiveness of the outcomes for leamers, quality of provision and leadership and management. We were inspected by Social Services in March 2024 and the inspection went very well. Overall, the playgroup have had a successful year and look forward to ongoing success in the future. Financial review Total incoming resources for the year from charitable activities were £55,063. of which £44,587 was generated from grants. £10,476 from fundraising aclivities and Playground fees. Total resources expended for the Playgroup were £65,248 {2023: £54,956). The balance at the year end was a deficit £9,504. Reserves Policy In line with recommended practice from The Charity Commission for Northern Ireland, the Playgroup has established a reserves policy to ensure the stability of the mission, programme, employment and ongoing operations of the organisation. The target minimum Reserve Fund has been identified as equal to cover three months of operating costs, arKI redundancy costs for our staff and professional fees in the event that the Playgroup were to Close. The target amount of the Reserve Fund has currentty been calculated at £30,000. The current assets (bank and cash) of the Playgroup were £41,184. The dire¢tors' annual report and the strategi¢ report were approved on 15 May 2025 and signed on behalf of the board of trustees by: Leon Faulknera. Director Noelle Biggs Director
Banagher Community Playgroup Limited Company Limited by Guarantee Independent Examiner's Report to the Directors of Banagher Community Playgroup Limited Year ended 31 August 2024 I report to the directors on my examination of the financial statements of Banagher Community Playgroup Limited ('the charity,) for the year ended 31 August 2024. Responsibilities and basls of report As the dlrectors of the COTnpany (and also its directors for the purposes of company lawl you are responsible for the preparation of the financial slalements in accordan with the requirements of Charities Act (Northem Ireland) 2008 (the '2008 Act.) and the Companie5 Act 2006 {'th- 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 to have an independent examination. Having satisfied mys9.lf that the accounts of the company are not required to be aiidited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect or my examination of the charity's financial stalements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directs-ons given by the Charity Commission for Northern Ireland under section 65(9llbl of the 2008 ACL Independent examiner's 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 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 the financial ststements do not comply with the accounting 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 financial 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 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Banagher Community Playgroup Limited Company Limited by Guarantee Independent Examinerfs Report to the Directors of Banagher Community Playgroup Limited (eontlnued) Year ended 31 August 2024 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 Dl'ry BT47 4LG 15 May 2025
Banagher Community Playgroup Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 August 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Income and endowments Donations and legacies Investment income Other income 51,267 681 3,796 55,063 681 57,391 449 150 Total income 51.948 3,796 55.744 57,990 Expendlture Expenditure on charitable activities Total expenditure 3,796 65,248 65,248 54,956 61,452 3,796 54,956 Net (expenditureifincome and net movement in funds (9,504) (9,504) 3,034 Reconciliation of funds Total funds brought forward Total funds carrled forward 97,152 97,152 87,648 94,116 87.648 97,150 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 16 forni part of these financial statements.
Banagher Community Playgroup Limited Company Limited by Guarantee statement of Financial Position 31 August 2024 2024 2023 Note Fixed assets Tangible fixed assets 14 48,742 50.762 Current assets Cash dl bank and in hand 41,184 47,917 Credltors: amounts falling due withln one year Net current assets 15 2,278 38,906 87,648 1,529 46,388 97,150 9,-,150 Total assets less current liabilitles Net assets 87,648 Funds of the charity Unrestricted funds 87,648 97,150 97,150 Total charity funds 18 87,648 For the year ending 31 August 2024 the charity was entitled to exempts-on from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities.. The members have nol required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to acKounting records and the preparab-on of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 15 May 2025, and are signed on behalf ofthe board by: Leon Faulkner Noelle Biggs . 6,0 Director Director The notes on pages 9 to 16 forni part of these financial Statements.
Banagher Community Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 August 2024 General Infomiation 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 43 Beechmount, Feeny, BT47 4TZ, Co Derry. Statement of Gompliance 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 (FRS 102) {Charities SORP (FRS 1021) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cosl 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 unrtaIntieS about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial ststements requires management to make judgements, estimates and assumptions that affect the amounts reports. These estimates and judgements are continually reviewed and are based on experien and other factors including expectations of future events that are believed to be reasonable under the Circumstan$. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamarked by the directors for particular future proje¢t or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub4lasses'. ro$tricted income funds or endowment funds.
Banagher Community Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 August 2024 Accounting pollcies (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 Gan be reliably measured. The following specific policies are applied to particular categories of income: iricome from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliabty. 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 reliabty 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. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fvndraising activities, events, non-charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to Gharitable 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 ¢osts 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 Gosts are apportioned beeen the activitie5 they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initialty 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 deprecialion and subsequent accumulated impaimient losses. 10
Banagher Community Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (continu•dJ Year ended 31 August 2024 Ac¢ounting policles (continued) Tangible assets fcontlnuedj 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 recogn13ed as expenditure within the stat<xment 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 offset5 any previous revaluation qain, in which case the loss is shown within other recognised gains and losses on the statement of financial activikn'es. Depreclation Depreciation is calculated so as to write oh 'the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Freehold property Fixtures and fittings 2% straight line 25¢ reducing balance Impaimient 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual assec an estimate is made of Ihe 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 asset5 or liabilities of the charity are assigned to those units. Financlal instruments A financial asset or a financial liability is recognised onty when the charrty 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 amrtised cost. 11
Banagher Community Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (eonllnuedj Year ended 31 August 2024 Accountlng policies (¢onllnuedJ Financial instruments (continued) Vvhere investments in shares are publicty traded or their fair value can othetwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such inveslments are subsequently mAasured 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 actsvities, 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 reversa15 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. Deflned 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 wtthin 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. Llmlted by guarantee The organisation is a company incorporated under guarantee and does not have shale capital. The liability of each member is limited to an amount not exceeding £1. 12
Banagher Community Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 August 2024 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donatlons & fundraising 10.476 10,476 Grants Education Authority DOH - Childcare partnership 40,791 1,296 2,500 42,087 2,500 51,267 3,796 55,063 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations & fundraising 14,166 14,166 Grants Education Authority DOH - Childcare partnership 38,199 5,026 43,225 52,365 5,026 57,391 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 681 681 449 449 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other income 150 150 13
Banagher Community Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements {conllnued) Year ended 31 August 2024 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Charitable activities 61,452 3,796 65,248 Unrestricted Funds Restricted Total Funds Funds 2023 Charitable actNities 49.930 5,026 54,956 Expenditure on charitable activities by activity type Activities undertaken Total funds directty 2024 Total ftjnd 2023 Charitable activities 65.248 65,248 54,956 10. Net (expenditurevincome Net {expenditure)lincome is ststed after chargingl(crediting)- 2024 2023 Depreciation of tangible red assets 2,020 2,061 11. Independent examination fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 2.473 1,000 12. staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Employer contributions to pension plans 43,606 628 37,604 611 44,234 38,215 The average head count of employees during the year was 3 (2023: 3). No employee received employee benefits of mre than £60.000 during the year (2023.. Nil). 14
Banagher Community Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 August 2024 13. Trustee remuneration and expenses Trustees have not reiVed remuneration in the year. 14. Tangible fixed assets Freehotd Fixtures and property fittings Total Cost At 1 September 2023 and 31 August 2024 Depreciation At 1 September 2023 Charge for the year At 31 August 2024 Carrylng amount At 31 August 2024 At 31 August 2023 95.024 43,037 138,061 44,749 1.900 42,550 120 87,299 2,020 46,649 42,670 89,319 48,375 50,275 367 48.742 487 50,762 15. Credltors: amounts falling due within one year 2024 2023 Accruals and deferred income Social security and other taxes 1,260 1,018 2.278 1,200 329 1,529 17. Pensions and other post retiremenl benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £628 {2023-. £611). 15
Banagher Community Playgroup Limited Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 August 2024 18. Analysis of charitable funds Unrestricted funds At 1 September 2023 At 31 August 20 Income Expenditure General funds 97,152 51,948 {61,452) 87,648 At 1 September 2022 At 31 August 20 23 Income Expenditure General funds 94,116 52,964 (49,930) 97,150 Restricted funds At 1 September 2023 At 31 August 20 24 Income Expenditure Restricted Fund 3,796 (3,796) At 1 September 2022 At 31 August 20 23 Income Expenditure Restricted Fund 5.026 (5,026) 16