Ballygowxn Community Pre-school & Playgroup Statement of Finallcial ActiVltie5 for the year ended 31 May 2024 2024 Unrestricted funds 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 62,489 50,595 Other Iradin8 &clivities 17.326 Total 80,696 67.921 EXPENDITURE ON Raising funds 7,810 10.833 Clinritable activities Staff Costs Administrative costs 74,759 6.226 58,598 8.367 Total 88.795 NET INCOMEI(EXPENDITURK) {8,099) (9.877) RECONCILIATION OF FUNDS Total funds brought forward 63,$53 73,430 TOTAL FUNDS CARRIED FORWARD 5S,454 63,553 The notes fom) part of these financial statements Pagg 5
Ballygowall Community Pre-scbool & PIAygrollp Balance Sbtet 31 Mjy 2024 2024 Unrestricted funds 2023 Tolal fund5 Notcs CURRENT ASSETS Debioi's Casli at bank and in hand 984 S7.348 6,760 58.332 64.880 CREDITORS Amount5 falling due within one year {2,878) (1,327) T CURRENT ASSETS 55.454 63.553 TOTAL ASSETS Ls CURRENT LIABILITIES 55,454 63,553 NET ASSETS 55.454 FUNDS Unrestricted funds 55,454 TOTAL FUNDS 55.454 63.5)3 The financial statements were approved by the Board of Twstees and authorised for issu¢ on - g.6.ffi..H d...1.Is........ and werc signed on its behaifby: K Slew8rt- Trustec The no(es form part of these fin8ncial statements Page 6
Ballygowan Community Pre-5thool & Playgroup Notes to the FinaDcial StAtemtnts for tht year ended 31 May 2024 ACCOUNTING POLICIES Stxtemcnt of ¢ompliance The financial stat¢ments of the charity, which is a public benefit entity under FRS 102, have been prepared in acLOI'dance iyith th¢ Chariiies SORP (FRS 102) 'Accounting and Repor(ing by Charitie5: St8tcm¢nt of Recommended Practice applicable lo charities prcparing iheir accounts in accordanc¢ iviih the Financial Reporting Standard applicable in the UK 2nd Republic of Ireland {FRS 102) (effective l January 2019),. Financial Reporting Stsndard 102 The Financial Reporting St8ndard applicable in thc UK and Republic of Ircland, and the Charities Act (Northern Ireland} 2008. The financial statsmenls have been pi'epared undei. the historical cost convention. Going coneer The Iruslees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income Volunlary income including donations) gift4 l¢g&cies and granls thai providc Core funding or are of a generd5 ature is recognised ivhen the ¢haiily has entitlement to the incotn( or it is probable that the income will be received and the amount Can be measur¢d with sufficient reli¥bility. Grants Teteiv2ble Grants are recoEnised when the charity has an entitlement to the funds and any condition linked to the gi'ant8 have been MCL Whcr¢ performancc condiiions are attachcd io lh¢ tsranl and are yet to be mel, th¢ income is recognised as a liability and included on the balance sheet as deferred income to be released. Investment Income Dividends are recognised once the dividcnd has been declared and notification of the dividend due has been r¢eeived. Expenditure All expendilure is recogni5ed once there 15 a legal or constructive obligation to that expenditure, it is probable settlemen( is requii'cd and the amount can b¢ measured reliably. All costs are allocated to the applic8ble expendittiTe heading that aggregate similar costs lo Ihot Category. Whcre Costs cai)not b¢ directly attributed to particulai- lieadings they have been allocated on a basi5 consi51ent with the use of resources. with central staff Costs allocated on tl)c basis of time spcnL and deprecialion charges allocated on the portion of tlic as5el's use. Other support costs al'e allocated based on the spread of staff costs. Raising fund5 These are costs incurred in atlracling voluntary income, the management of inve5tmeftts and those incuiTed in trddin8 aotivitie5 that raise lunds. Charitable activitie5 Charilable expenditure comprises those costs InCued by the charity in th¢ delivery of its activities and services for ils beneficiai'ics. li Includ both costs that can be allocated directly to such aclivilies and thosc costs of an indirect nature necessary to support them. Taxatlon The charity 15 considered lo pa5S the tests sei out in Paragraph I Schedule 6 of the Financc Act 2010 Iherefore it mccls thc definition of a charitable company for UK corporation tax purpose5. A¢cordingly the charity is potcnlially exempt from taxation in respect of income or capital gain5 received within catC801ies covered by Chapter 3 Part I l of the Corpordtion Tax A¢1 2010 or Section 256 of thc Taxalion of Chargeable Gains Act 1992. to the extent that such income or gain5 are applied exclusively to charitable PUTP05es. Page 7 continued...
BallygowAn Community Pre-sehool & Playgroup Notes to the Finallcial Statements- eolltinued for the year ended JI Mxy 2024 ACCOUNTING POLICIES- coutinued Trnde debtors Unrestrxcted income funds ¢an be used in accordanc¢ with th¢ ¢hari(ablc objectives at the dis¢i'elion of the trustees. Pension costs and other p05t-retirement benefits The charity operates a defined contribuiion pension scheme. Contributions payable lo the charity's pension scheTne are charged to the Stetement of Financial Activiti¢s in the period to which they rel&le. Governance costs These include the ¢05ts attributable to the charity's coinpliance with constitutional and slatutory requirements. including audit. str&tcgic managemcnt and iru5tees meeling5 and Teimbui'sed expenses. OTHER TRADING AcfiviTIES 2024 2023 Fees & Fundrdising events 18.207 17,326 TRUSTEESI REMUNERATION AND BENEFITS There were no Iruslees, remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023. Trustee5' expenses Trustres wcre reimbuTsed £298 for playgroup Costs whith they had incurred on behalf of the playgroup. STAFF COSTS The averag¢ monthly number of employees during the year was as follows- 2024 2023 Management and ¢hildcare No ¢mployees re¢eiv¢d emoluments in exeess of £60,000. COMPARA TIVES FOR THE STATEMENT OF FINANCIAL AcfivSTIES Unrestricted funds INCOME AND ENDOWMENTS FROM Donations and legaeies 50,595 Other trading activities 17,326 Total 67.921 EXPENDITURE ON Raisin8 funds 10,833 Page 8 rontinued...
BAllyEowaD Community Pre-school & Playgroup Notes to the FIDAneial Statement5 - Continued for the year ended 3l May 2024 COMPARA TIVES FOR THE STATEMEwf OF FINANCIAL ACTIVITI - continued Unrestricted funds Chxritable aetivitits Staff Costs Admini5trdtivc costs 58.598 Total 77.798 NET INCOMEI(EXPENDITURE) (9,877) RECONCILIATION OF FUNDS Totsl funds broughi forward 73,430 TOTAL FUNDS CARRIED FORWARD 63,553 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debiors 6,760 CASH AT BANK AND IN HAND 2024 Total nds 2023 Toial funds Gcner81 fund Dcsignated Fund Cash in hand B2nk account no. I Bank account no. 2 56 39,772 20 56 57,272 20 24 55,895 2.201 17,500 Total 39.848 17.500 57.348 Page 9 continued...
Ballygowall Community Pre-school & Playgroup Notes to the FinAnci81 Statements - tontinued for the year ended 31 May 2024 CREDITORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Soci&1 secuTlty and othw taxes OiheT ¢reditors Accruals and deferred incotn¢ 1,182 480 427 900 2.878 MOVEMENT IN FUNDS Nei movement in funds At 3115124 At 116123 UDrestTiCted funds General fund Designated Fund 46,053 17,500 (8,099) 37,954 63,553 8.099 55,454 TOTAL FUNDS 63.553 8.099 5S.454 Net movement in funds. included in the abov¢ are as follows.. Incoming resources Resourc¢s exp¢nded Movement in funds Unrestricted funds General fund 80,696 (88,795) (8,099) TOTAL FUNDS 80,696 88,795 comparativ for movernent in funds Nel movement in funds At 3115123 At 116122 Unrestricted funds General fund D¢5ignated Fund 55.930 (9.877) 46.053 63,553 TOTAL FUNDS 73.430 9.877) 63,553 Page 10 continued...
BallygowaD Community Pre-school & Playgrollp Note5 to the FiDaDclal St8temeDts- eontinlled for the year ended 31 May 2024 MOVEMENT IN FUNDS- continued CompaTativ¢ net movement in funds, included in the above are as follows.. Incoming resources Resouites expended Movement in fullds Unrestricted fuDds General fund 67.921 (77,798} (9,877) TOTAL FUNDS 67.921 77.798) 9,877 A current year 12 month5 and prior year 12 months combined posilion is 8s follows- Net movement in funds At 3115r24 At 116r22 UnrestTlCted funds Generdl fund D¢signated Fund 55.930 17.500 {17,976) 37.954 73.430 17976 55,454 TOTAL FUNDS 73.430 (17,976) 55.454 A current year 12 months and prior year 12 months combined movement in funds. iticlud¢d in the above are s follows.. Incoming resources Resources expended Movement in fundq Unrestricted fund5 General fund 148.617 (166,593) (17.976) TOTAL FUNDS 148,617 (166.5931 17.976) Pag¢ 11 continued...
Ballyeowan Community Pre-school & Playgroup Notes to the Financial Statements - tontinued for the year ended 31 MAY 2024 io. RELATED PARTY DISCLOSURES Tliere were no r¢laled party ti'ansaclions for the year ended 31 Imay 2024. Page 12