elainetrainor&co'
CHARTERED ACCOUNTANTS
Lower Mourne Pre-school
Report & Accounts
Year Ended 31 July 2020
CHARTERED
ACCOUNTANTS
IREL4iyD
Urrit 2, 71 mIllt￿ St., Burr￿5 Wa￿￿point 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 bffi￿d
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