2025-08-31-accounts

Company registration number NI032947 (Northern Ireland) Charity registration number NIC103150 (Northern Ireland)

BANAGHER COMMUNITY PLAYGROUP LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

BANAGHER COMMUNITY PLAYGROUP LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Directors	N M Biggs
	L Faulkner
Secretary	U Feeney-McCullagh
Country of incorporation	United Kingdom	NI032947
	(Northern Ireland)
Charity registration	Northern Ireland	NIC103150
Registered office	4a Beechmount
	Feeny
	Co Derry
	Northern Ireland
	BT47 4TZ
Independent examiner	PFS Accountants and Auditors Ltd
	122 Main Street
	Dungiven
	Co Derry
	BT47 4LG

BANAGHER COMMUNITY PLAYGROUP LIMITED

CONTENTS

	Page
Trustees report	1 - 2
Independent examiner's report	3
Statement of financial activities	4
Balance sheet	5
Notes to the financial statements	6 - 11

BANAGHER COMMUNITY PLAYGROUP LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2025

The directors present their annual report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: 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)".

Objectives and activities

Public benefit

The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Activities

Banagher Community Playgroup Limited is a company limited by guarantee established to provide a safe, secure environment to enable the development and education of children under school age by encouraging parents/carers to understand and provide for the needs of their children.

The Playgroup is governed by its Articles of Association. The Board also 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. The Leader has delegate authority, within terms of delegated approval, for operational matters included staff supervision, delivery of activities and budgetary management. The Playgroup is affiliated to the Early Years organisation we works closely with a specialist to ensure staff are up-to-date with policy and practice within the sector. Regular training is also organised for staff members.

The Playgroup's primary objectives are to:

• Offer appropriate play facilities with the right of parents to take responsibility and to become involved in activities of the Playgroup

• Ensure the Playgroup offers opportunities for all children regardless of religion, culture, race or means

• Encourage the study needs of such children and their families in the local area

• Support the values and principles of Early Years Organisation

Achievements and performance

Significant activities and achievements against objectives

Over the past year, Banagher Community Playgroup has continued to play an active role in supporting the local community.

Key achievements during the year included:

• Employing 3 members of staff to meet the adequate early years ratio of 1:8 adults to children and to meet

• the needs of children who require 1:1 support

• Received grants from the likes of Extended Services Funding and Childcare Partnership Grant which enabled the purchase of a range of play equipment and make improvements to existing areas

• Offered opportunities to explore areas of pre-school curriculum

• Continued work with Early Years specialist to improve the overall effectiveness of the outcomes for learners, quality of provision and leadership and management

Overall the Playgroup have had a successful year and Trustees are proud of the continued commitment and look forward to ongoing success in the future.

• 1 -

BANAGHER COMMUNITY PLAYGROUP LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Financial review

The Playgroup's finances are carefully managed to ensure that resources are used effectively to support community initiatives.

Funding during the year was received from a combination of grants, donations and community support. These funds were used to deliver various programmes and excursions, support operational costs and maintain playground facilities.

The Trustees remain committed to ensuring strong financial governance and transparency in all financial matters.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The directors consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

The charity is a company limited by guarantee and accepted as charitable by HMRC under XR15932. The company is also a registered charity with The Charity Commission for Northern Ireland under 103150-0.

The directors who served during the year and up to the date of signature of the financial statements were: N M Biggs

L Faulkner

The trustees report was approved by the Board of Directors.

N M Biggs Trustee

L Faulkner Trustee

27 May 2026

• 2 -

BANAGHER COMMUNITY PLAYGROUP LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE DIRECTORS OF BANAGHER COMMUNITY PLAYGROUP LIMITED

I report on the financial statements of the charity for the year ended 31 August 2025, which are set out on pages 4 to 11.

Respective responsibilities of charity directors and examiner

As the charity directors (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, it is my responsibility to:

• examine the financial statements under section 65 of the Charities Act (Northern Ireland) 2008;

• follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act (Northern Ireland) 2008; and

• state whether particular matters have come to my attention.

Basis of independent examiner's report

I have examined your charity financial statements as required under section 65 of the Charities Act (Northern Ireland) 2008 and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also included consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe that:

• Accounting records were not kept in accordance with section 386 of the Companies Act 2006; or

• The financial statements do not accord with those accounting records; or

• The financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102); or

• There is further information needed for a proper understanding of the financial statements to be reached.

Independent examiner's statement

I have completed my examination and I have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

PFS Accountants and Auditors Ltd

122 Main Street Dungiven Co Derry BT47 4LG 27 May 2026

• 3 -

BANAGHER COMMUNITY PLAYGROUP LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Donations and legacies 3 72,344 7,206 Investments 4 640 - Total income 72,984 7,206 Expenditure on: Charitable activities 5 62,704 7,206 Total expenditure 62,704 7,206 Net income/(expenditure) and movement in funds 10,280 - Reconciliation of funds: Fund balances at 1 September 2024 87,648 - Fund balances at 31 August 2025 97,928 -	Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 79,550 51,267 3,796 640 681 - 80,190 51,948 3,796 69,910 61,452 3,796 69,910 61,452 3,796 10,280 (9,504) - 87,648 97,152 - 97,928 87,648 -	Total 2024 £ 55,063 681 55,744 65,248 65,248 (9,504) 97,152 87,648

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

• 4 -

BANAGHER COMMUNITY PLAYGROUP LIMITED

BALANCE SHEET

AS AT 31 AUGUST 2025

Notes Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities The funds of the charity Unrestricted funds 12	2025 £ 51,579 (2,297)	£ 48,646 49,282 97,928 97,928 97,928	2024 £ 41,184 (2,278)	£ 48,742 38,906
				87,648
				87,648
				87,648

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the directors on 27 May 2026

N M Biggs Trustee

L Faulkner Trustee

• 5 -

BANAGHER COMMUNITY PLAYGROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Charity information

Banagher Community Playgroup Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 4a Beechmount, Feeny, Co Derry, BT47 4TZ, Northern Ireland.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: 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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the directors for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

• 6 -

BANAGHER COMMUNITY PLAYGROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% straight line Fixtures and fittings 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

• 7 -

BANAGHER COMMUNITY PLAYGROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted funds funds 2025 2025 £ £ Donations and gifts 13,964 - Grants 58,380 7,206 72,344 7,206	Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 13,964 10,476 - 65,586 40,791 3,796 79,550 51,267 3,796	Total 2024 £ 10,476 44,587
		55,063

• 8 -

BANAGHER COMMUNITY PLAYGROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

4 Income from investments

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	£	£
Interest receivable	640	681

5 Expenditure on charitable activities

Direct costs Depreciation and impairment Wages Employer pension Courses Milk and snacks Rates Insurance Heat & light Cleaning Repairs & maintenance Printing, postage, stationery & resources Telephone Volunteers & travel expenses Legal and professional fees Accountancy General expense Analysis by fund Unrestricted funds Restricted funds 6 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets	Year 2025 £ 96 46,678 1,852 236 2,149 439 1,141 1,177 96 4,344 5,384 728 1,285 2,727 1,385 193 69,910 62,704 7,206 69,910 2025 £ - 96	Year 2024 £ 2,020 43,606 628 68 1,120 515 995 1,091 65 4,264 3,332 666 140 2,613 2,473 1,652
		65,248
		61,452 3,796
		65,248
		2024 £ - 2,020

• 9 -

BANAGHER COMMUNITY PLAYGROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

7 Directors

None of the directors (or any persons connected with them) received any remuneration or benefits from the charity during the year.

8 Employees

The average monthly number of employees during the year was:

2025	2024
Number	Number
4	3

There were no employees whose annual remuneration was more than £60,000.

9 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

10 Tangible fixed assets

Freehold land and buildings Fixtures and fittings £ £ Cost At 1 September 2024 95,024 43,037 At 31 August 2025 95,024 43,037 Depreciation and impairment At 1 September 2024 46,649 42,670 Depreciation charged in the year - 96 At 31 August 2025 46,649 42,766 Carrying amount At 31 August 2025 48,375 271 At 31 August 2024 48,375 367	Total £ 138,061
	138,061
	89,319 96
	89,415
	48,646
	48,742

11 Creditors: amounts falling due within one year

Other creditors Accruals and deferred income	2025 £ 947 1,350 2,297	2024 £ 1,018 1,260
		2,278

• 10 -

BANAGHER COMMUNITY PLAYGROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

12 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1	Incoming	Resources	At 31 August
	September	resources	expended	2025
	2024
	£	£	£	£
General funds	87,648	72,984	(62,704)	97,928
Previous year:	At 1	Incoming	Resources	At 31 August
	September	resources	expended	2024
	2023
	£	£	£	£
General funds	97,152	51,948	(61,452)	87,648

13 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

• 11 -

REF. NUMBER Q8SKW-T9Y5Z-ZMTBN-ULLVB DOCUMENT COMPLETED BY ALL PARTIES ON 27 MAY 2026 13:52:33 UTC SIGNER TIMESTAMP SIGNATURE
LEON FAULKNER EMAIL [e-mail] SENT 27 MAY 2026 10:54:47 VIEWED 27 MAY 2026 11:16:42
SIGNED 27 MAY 2026 11:16:58 IP ADDRESS 82.39.2.235 LOCATION DUNGANNON, UNITED KINGDOM RECIPIENT VERIFICATION EMAIL VERIFIED 27 MAY 2026 11:16:42
NOELLE BIGGS EMAIL [e-mail] SENT 27 MAY 2026 10:54:47 VIEWED 27 MAY 2026 13:51:51
SIGNED 27 MAY 2026 13:52:33 IP ADDRESS 82.132.246.179 LOCATION BIRMINGHAM, UNITED KINGDOM RECIPIENT VERIFICATION EMAIL VERIFIED 27 MAY 2026 13:51:51

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