elainetrainor&co' CHARTERED ACCOUNTANTS Lower Mourne Pre-school Report & Accounts Year Ended 31 July 2020 CHARTERED ACCOUNTANTS IREL4iyD Urrit 2, 71 mIllt St., Burr5 Wapoint BT34 3PU bl.. +44 (13)L)94175 3310 elAin&uel8inetrainorei)m | iipiiJ{11 elainetraiiior¢Yiin 'AT Reg.: 940 6497 07 Elaine '8]no1 FCA
Lower Mourne Pre-school Year Ended 31 July 2020 Contents Information page Independent Examincr's R¢port Trustees Report Income & Expenditure Account Balance Sheet Notes
Lower Mourne Pre-school Year Ended 31 July 2020 Information Page Committee Members Patricia McDow¢ll Michelle Robertson Vickie Newell Business address Longstone Community Hall 65-67 Longstone Road Annalong Co. DoTr BT34 4UX Accoullta)Jts Elaine Trainor & Co Chartered Accountants Unit 2, 71 Milltown Street Burreii Co Down BT34 3PU Bankers First Trust Bank 30 Gr¢encastle Street Kilk¢¢l Co. Down BT34 4BH
Lower Mourne Pre-school Income & Expenditure Account forthe Year Ended 31 July 2020 2020 2019 Incomo Fee Income Grants- Depl of Education Covid grant income Fundraising Break Money Registration Insurance Commission income Other Income 1,207 23,645 2,188 879 1,230 142 40,892 3,215 240 53 1,066 45,466 666 29,957 Expenditure Rent & Healing Wages & Salaries Materials Telephone Postage & Stationery Cleaning Materials Repairs & Maintenance Provisions OutingslEntertainment Subscriptions Staff Training Staff Pension staff Uniforms Insurance Bank Interest & Charges Advertlsing Aceountancy Professional Fees Sundry Expenses Depreciation of Equipment 2,850 30,772 1,539 150 166 100 108 478 195 2,459 60 1,082 2,700 28,584 1,328 130 480 78 500 878 386 2,222 48 1,000 138 392 145 392 136 84 390 905 134 401 300 353 420 42,401 40,082 {Deflcltl I Surplus for the Year (12.4441 5,384
Lower Mourne Pr¢-School Balance Sheet as at 31 July 2020 2020 2019 Flxed Ass&ts Tangible Assets 1.204 1,260 CurrentAssèts Debtor Cash at bank Cash in hand 7,270 76 7,346 19.081 647 19,728 Creditors.. Amounts falling due within one year 870 864 Net Current Assets 6.476 18,864 Total Assets less current 7,680 20,124 Creditors.. Amounts falling due after more than one year Nel Assets 7,680 20,124 Reserves Accumulated reserves bffid Revaluation of Fixed Assets Surplus for the Year 20,124 14,739 12,444 5.385 7,680 20,124 We approve the financial information which comprises the Profit and Los5 Account, Balance Sheet and the related notes. We acknowledge our responsibility for the financial information, including the appropriateness of the basis on which it has been prepared as set out in note I, and for providing Elaine Trainor & Cts with all the information nece55ary for its compilation. Chairperson Treasurer Date: 41qif ICJJ Date: 29 i.Ll
Lower Mourne Pre•School Notes to the accounts for the year ended 31 July 2020 Accounting policies A¢eounting eonvention The accounts are prepared under the historical cost conventiott modified when nccessary to include the revaluation of ccrtain fixed assets. 1.2. Tangible fixed assets and depreciation Depreviation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows: Fixtures, fittings and equipment 250/0 Reducing Balance Tangible assets Equipment TotAI Cost At l August 2019 Additions 7,480 345 7,480 345 At 31 July 2020 7.825 7,825 Depreciation At l Augiist 2019 Charge for the year At 31 July 2020 6,221 401 6,221 401 6,622 6.622 Net book value At 31 July 2020 1,203 1.203 At31 July2019 1,259 1.259