DÈrrytrasna Playgroup
Charity No. N1103414
Company No. N1608898
Tru5tees' Report and Unaudited Accounts
30 September 2023

Derrytrasna Playgroup
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Summary Income and Expenditure Account
Balance Sheet
2to4
Statement of Cash ftows
Notes to the Accounts
Detailed Statement of Financial Activities
IOto16
17tolS
Page I

Derrytrasna Playgroup
Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charity for the year ended 30
September 2023.
REFERENCE AND ADMINISTRATIVE DEfAILS
Company No. N1608898
Charity No. N1103414
Principal Office
191 Derrytrasna Road
Derrytrasna
Lurgan
Co. Armagh
8T66 6NR
Registered OfFJce
191 Derrytrasna Road
Derrytrasna
Lurgan
Co. Armagh
BT66 6NR
Dirertors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
L. Mccann
C. Neeson
Z. Skelton
Company Secretary
C. Shanks
Key Management Personnel
Chairperson
Secretary
Treasurer
Accountants
Leonie Mccann
Catherine Shanks
Catriona Neeson
Byrne Mccann & Co. Ltd.
67 Edward Street
Lurgan
Co. Armagh
BT66 6DD
Bankers
Page 2

Derrytrasna Playgroup
Trustee5 Annual Report
Danske Bank
39 Market Street
Lurgan
Co. Armagh
BT66 6AB
Solicitors
O'connor & Moriarty Solicitor5
51 North Street
Lurgan
Co. Armagh
BT67 9AG
OBJECTIVES AND AcfiviTIES
The company's object5 are specifically restricted to the advancement of education and the development of
children, the preservation and protection of health and the promotion of the benefit and wellbeing of
children aged between 3 and 11 year5 old and in particular but not exclusively children under Statutory
School age Ihereinafter called "the beneficiaries") in the Derrytrasna area and it5 environs of Co. Armagh
Ihereinafter called the "area of benefit") without distinction of age, gender, disability, sexual orientation,
nationality, ethnic identity. political or religious opinion, by associating the statutory authorities, community
and voluntary organisation5. parents and guardians and the inhabitants in a common effort to advance
education, and to provide educational and recreational facilities in the interests of Social welfare. with the
object of improving the conditions of life for the said inhabitants and in particular to: lal to advance the
education, ca re and development of children under statutory school age through the provision of safe and
satisfying group play in the interests of social welfare so as to develop their physical, mental and emotional
capacities. Ibl to advance the education, development and well being of children out-of-school hours and
during school holidays in the interests of social welfare so as to develop their physical. mental and emotional
capacities; Icl to support the values and principles of early years; Idl to provide training for parents and
carers of children in child development, parenting and other appropriate subjects. lel to promote or assist in
promoting community capacity building programme5 and projects for the benefit of the inhabitant5 Wlthin
the area of benefit who have need of such as515tance as a result of their youth, age, disability or infirmity, or
social and economic circumstances, in an effort to increase the abilities, skills and self-confidence of such
communities in the area of benefit. If) to advance any other exclusively charitable purpose as the directors,
may from time to time, decide in accordance with the law of charity-
Our organisation advances the education and the development of children, the preservation and protection
of health and the promotion of the benefit and wellbeing of children aged between 3 and 11 year5 old and in
particular but not exclusively children under statutory school age in the Derrytrasna area. Our organisation
provides a Playgroup for 0-5 year olds and a Breakfast/Afterschool Club for 5-11 year olds attending the
prim2ry school in the same property. Our playgroup promotes and follows the early years programme. thus
preparing 0-5 year old5 from the Derrytrasna area for entry into Pl. Our Breakfast and Afterschool Clubs
provides the advancement of education, development and well being of children during out-of-school hours
and during school holidays. During the Afterschool Club hours, children receive homework sUPPOrt and can
take part in organised activities such as art5 and crafts. cookery and tin whistle lessons.
In Setting our objectives and planning our attivities for the year the trustees have given careful consideration
to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have
helped to achieve the charivs purposes and provide a benefit to the beneficiaries. The benefits of
Derrytrasna Playgroup are both clear and directly related to the charity's aims and objectives.
Page 3

Derrytrasna Playgroup
Trustees Annual Report
ACHIEVEMENTS AND PERFORMANCE
This has been another successful year for the setting despite the cost of living continuing to rise. As a setting
we have been committed to keeping this setting sustainable and as a result introduced a rise in fee5 to align
the rising c05t of energy bills and national living wage. We also managed to secure a number of funding
applications to help with the general running and upkeep of the Setting as well a5 providing exciting artivitie5
for the children. With continued support from Pathway, Bright5tart and ABC Council throughout this financial
year a150. We also continue to hold fundraising events throughout the year to promote the Setting and raise
funds for essential needs of the setting to keep it running to a high standard. Going forward we aim to
promote and raise the profile of the Derrytra5na Playgroup, Breakfast and Afterschool Club within the local
community- In doing so we will continue to support the staff with their plans with developing the setting and
continue to develop a strong working committee. We will also strive to continue to meet our financial goal
i.e. to be a fully sustainable Playgroup, Breakfast and Afternoon club by raising the profile and hopefully
result in additional numbers of children attending the setting year on year.
FINANCIAL REVIEW
PlayGroup made a surplu5 of £8481 during the year. The Playgroup with careful planning and determined
ambition has managed to steer through the cost of living situation to date and with renewed similar
application would hope to present Similar result5 in the future.
It is the Charity's policy to maintain sufficient reserves to ensure continuous operation in an uncertain future.
The Trustees are responsible for keeping proper accounting record5 that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charity and hence taking reasonable Steps for the prevention and detettion of fraud and other irregularitie5.
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small Companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the
Charities SORP IFRS 1021.
Signed on behalf of the board
C. Neeson
Trustee
21 June 2024
Page 4

Derrytra5na Playgroup
Independent Examiners Report
Independent Examiner's Report to the trustees of Derrytrasna Playgroup
I report to the charity trustees on my examination of the financial statements of Derrytrasna Playgroup for
the year ended 30 September 2023.
Responsibilities and basis of report
As the charity's trustees of the company land also its direttors for the purposes of company lawl you are
responsible for the preparation of the financial Statements in accordance with the requirement5 of the
Companies Act 20061'the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
your charity's financial statements a5 carried out under section 145 of the Charities Act 20111'the 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under Section
145151 Ibl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe..
accounting records were not kept in accordance with section 386 of the 2006 Att,. or
the financial statements do not accord with those records,. or
the financial statements do not comply with the accounting requirements under settion 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair, view which is not a
matter considered a5 part of an independent examination- or
the financial statements have not been prepared in accordance with the methods and principle5 of the
Statement of Recommended Prattice 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 IFRS 1021.
I have no concerns and have come across no other matters in connettion with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
RAY
ND MCCANN FCCA
Byrne Mccann & Co. Ltd.
67 Edward Street
Lurgan
Co. Armagh
BT66 6DD
21June 2024
Page 5

Derrytrasna Playgroup
Statement of Financial Activities
forthe year ended 30 September 2023
Unrestrirted
funds
2023
Restricted
funds Total funds Total funds
2023
2023
2022
Notes
Income and endowments
from".
Donations and legacies
Charitable activities
8,300
87.439
8,300
87,439
6,969
81,309
Total
95,739
95,739
88,278
Expenditure on:
Other
87,258
87,258
Total
87,258
87.258
85,091
Net gains on investments
Net income
85,091
8.481
Transfers between funds
Net income before other
gain5/llosses)
8.481
3,187
8,481
8,481
3,187
Other gains and losses
Net movement in fund5
8,481
8,481
Reconciliation of funds".
Total funds brought forward
Total funds carried forward
3,187
37,671
50,000
87,671
84.485
46.152
50,000
96,152
87,672
Page 6

Derrytrasna Playgroup
Summary Income and Expenditure Account
for the year ended 30 September 2023
2023
2022
Income
95,739
88,278
Gross income forthe year
Expenditure
95,739
88,278
84.352
82,185
Depreciation and charges for
impairment of fixed asset5
2,906
2,906
Total expenditure for the year
Net income before tax for the year
Net income forthe year
87,258
85,091
8,481
3,187
8,481
3.187
Page 7

Derrytrasna Playgroup
Balance Sheet
at 30 September 2023
Company No.
N1608898
Notes
2023
2022
Fixed assets
Tangible assets
40,692
40,692
43,598
43,598
Current assets
Cash at bank and in hand
59,025
59,025
13.5651
55,460
45,046
45,046
19721
44,074
Creditors: Amount falling due within one year
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
io
96,152
87,672
96,152
87,672
96,152
87,672
The funds of the charity
Restricted funds
Restricted income funds
li
50,000
50,000
50,000
50,000
Unrestricted funds
General funds
li
46,152
37,672
46,152
Reserves
37,672
li
Total funds
96,152
87,672
These accounts have been prepared in accordance with the Special provision5 of Part 15 of the Companies
Act 2006 relating to Small companies.
Forthe year ended 30 September 2023 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Art
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 21 June 2024
And signed on its behalf by:
C. Neeson
Trustee
21 June 2024
Page 8

Derrytrasna Playgroup
Statement of Cash flows
for the year ended 30 September 2023
2023
2022
Cash flows from operating activities
Net income per Statement of Financial Activities
8,481
3,187
Adjustments for:
Depreciation of property, plant and equipment
Decrease in trade and other payables
2,906
2,906
16951
Net cash provided by operating artivities
11,387
5,398
Net cash from investing artivities
Net cash from financing artivities
Net increase in cash and cash equivalents
11.387
5,398
Cash and cash equivalents at the beginning of the year
45,046
39,636
Cash and cash equivalents at the end of the year
56.433
45.034
Components of cash and cash equivalents
Cash and bank balances
59,025
45,046
59,025
45.046
Page 9

Derrytrasna Playgroup
Notes to the Accounts
for the year ended 30 September 2023
l Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 IFRS 1021 leffettive I
January 20151 (Charities SORP IFRS 1021}, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Att 2006.
Change in basis of accounting orto previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestrirted funds
These are available for use at the discretion of the trustees in furtherance of the
general objetts of the charity.
These are unrestricted fund5 earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subjett to restrittion5 imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Attivities (SOFA) when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaim5 is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated service5
and facilities
These are only included in income (with an equivalent amount in expenditure)
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/llosses) on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gain5/llossesl on
investment assets
This includes any gain or loss on the sale of investments.
Page 10

Derrytrasna Playgroup
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered. and is reported as part of the expenditure to which it
relates.
Expenditure on
raising funds
These comprise the costs associated with attracting voluntary income, fundraising
Expenditure on
trading costs and investment management costs.
These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities service5 in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure 15 accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
These are support costs not allocated to a particular activity.
Grants payable
Governance costs
Other expenditure
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they
arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturitie5 of three months or less and bank overdrafts.
In the statement of financial position. bank overdraft5 are shown within borrowing5 or current liabilitie5.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Page 11

Derrytrasna Playgroup
Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilitie5 denominated in currencies other than the funttional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transartions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enter5 into a lease which entails taking substantially all the risks and rewards of
ownership of an asset, the lease is treated Bs a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance lease5 are initially recognised as a55ets of the charity at their f3ir value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the les50r 15 included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, Such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line ba51S.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods. facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
2 Company statu5
The company is a private company limited by guarantee and consequently does not have share capital.
Page 12

Derrytrasna Playgroup
Notes to the Accounts
3 Statement of Financial Activities - prior year
Unrestricted
funds
2022
Restricted
funds Total funds
2022
2022
Income and endowments from:
Donations and legacies
Charitable activities
Total
6,969
81,309
6,969
81.309
88,278
Expenditure on:
Other
88,278
85,091
85.091
Total
85,091
85,091
Net income
3,187
Net income before other
gains/(losses)
Othergains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought fonNard
Total funds carried forward
3,187
3,187
3,187
3,187
3,187
34,485
50,000
84,485
37,672
50,000
87,672
4 Income from donations and legacies
Unrestricted
Total
Total
2023
2022
8.300
8,300
8,300
8,300
6,969
6,969
5 Income from charitable attivities
Unrestrirted
Total
Total
2023
2022
87,439
87,439
87,439
87,439
81,309
81,309
Page 13

Derrytra5na Playgroup
Notes to the Accounts
6 Other expenditure
Unrestricted
Total
Total
2023
2022
Employee costs
Premises cost5
Amortisation, depreciation,
impairment, profit/los5 on
disposal of fixed assets
General administrative costs
Legal and professional costs
70,409
1,979
70,409
1,979
68,095
1,953
2,906
2,906
2,906
9,379
2,585
87,258
9,379
2.585
87,258
10,915
1,222
85,091
7 Net income before transfers
This is stated after charging-.
Depreciation of owned fixed assets
8 Staff costs
2023
2022
2,906
2,906
Salaries and wages
Pension costs
2023
65,851
2,364
68,215
2022
65,539
2,453
67,992
No employee received emoluments in exce55 of £60,000.
9 Tangible fixed assets
Cost or revaluation
At l Ottober 2022
At 30 September 2023
Depreciation and
impairment
At l October 2022
Depreciation charge for the
year
At 30 September 2023
Net book values
At 30 September 2023
At 30 September 2022
10 Creditor5:
amounts falling due within one year
72.660
72,660
72.660
72,660
29.062
29,062
2,906
2,906
31.968
31.968
40,692
43,598
40,692
43,598
2023
2022
Accrua15
3,565
3,565
972
972
Page 14

Derrytrasna Playgroup
Notes to the Accounts
11 Movement in funds
Incoming
resources
(including
other
gains/losses
Resource5
expended
At30
September
2023
At l Ottober
2022
Restricted funds:
Restricted income funds:
50,000
50,000
Total
50,000
Unre5tritted funds:
General funds
50,000
37,671
95,739
187,258)
46,152
Total funds
12 Analysis of net asset5 between funds
87,671
95,739
187,2581
96.152
Unrestrirted
funds
Restrirted
funds
Total
Fixed assets
Net current assets
40,692
40,692
55.460
96,152
55,460
55,460
40,692
13 Reconciliation of net debt
At30
September
2023
At l October
2022
Cash flows
Cash and cash equivalents
45,046
45,046
13,979
13,979
59,025
59,025
Net debt
45,046
13,979
59,025
Page 15

Derrytra5na Playgroup
Notes to the Accounts
14 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating lease5 are a5 follows-.
2023
Land and
buildings
2023
2022
Land and
buildings
2022
Other
Other
Operating leases with expiry date-
Pension commitments
2023
2022
The pension cost charge to the company
amounted to..
2,364
15 Related party disc105ures
Controlling party
2,453
Page 16

Derrytrasna Playgroup
Detailed Statement of Financial Activities
for the year ended 30 September 2023
Unrestricte
d funds
2023
Total funds
2023
Total funds
2022
2023
Income and endowments from:
Donations and legacies
8,300
8,300
8,300
8,300
6,969
6,969
Charitable activities
87,439
87,439
95,739
87,439
87.439
81,309
81,309
88,278
Total income and endowments
Expenditure on:
Employee costs
Salaries/wages
Pension costs
Staff training
Temporary staff
95,739
65,851
2,364
327
1.867
70,409
65,851
2,364
327
65,539
2,453
1,867
70.409
103
68,095
Premises costs
Light, heat and power
Premises cleaning
Premises repairs and
maintenance
1,455
56
1.455
56
1.339
50
468
468
564
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Bank charges
Equipment expensed
General insurances
Postage and couriers
Software, IT support and related
costs
1,979
1,979
1,953
2,906
2,906
2.906
144
4,900
918
2,011
144
108
5,653
1,505
1,706
4,900
918
2,011
439
439
267
Stationery and printing
Sundry expenses
Telephone, fax and broadband
179
179
706
75
895
13,821
788
12,285
788
12,285
Legal and professional costs
Accountancy and bookkeeping
2,585
2,585
2,585
2,585
1,222
1,222
Total of expenditure of other costs
87.258
87,258
85,091
Page 17

Derrytrasna Playgroup
Detailed Statement of Financial Attivities
Total expenditure
Net gains on investments
87,258
87,258
85,091
Net income
8,481
8,481
3.187
Net income before other
gains/{10sses)
Other Gains
8,481
8,481
3.187
Net movement in funds
8,481
8.481
3,187
Reconciliation of fund5".
Total funds brought forward
Total fund5 carried forward
37,671
50,000
87,671
84,485
46,152
50,000
96,152
87,672
P3ge 18