REGISTERED COMPANY NUMBER: N1603909 (Northern Ireland) REGISTERED CHARITY NUMBER: N1103574 ort ofthe Trustees and Unaudited Financial Statements for the Year Ended 30 ne 2022 for Tin Tols Pre-school Education Centre W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG
Tin Tots Pre-school Education Centre Contents of the Financial Statements for the Year Ended 30 June 2022 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 14 Detailed Stalement of Financial Activities 15 to 16
Tin Tots Pre-school Education Centre ort of the Trustees for the Year Ended 30 June 2022 The trustees who are also directors of the charty for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2022. The trustees have adopted the provisions of 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 102) {effeclive 1 January 2019}. OBJECTIVES AND ACTIVITIES Objectives and aim5 Tiny Tots aim lo provide the highest quality care and education for children in a secure and friendly environment. Staff and parents work in close partnership with each other to ensure children specific needs are attained. Publlc beneflt Tiny Tots Pre-school is an education centre for children aged 3-4 years who come from all backgrounds and religion. We deliver the highest standard of pre-school education through our experienced and highly trained staff, who come from different communrty backgrounds. A friendly and fun environment help children interact with others.. role play, games, reading, pictures and language are just some of the activities the children enjoy. Our learning programme help develop children's personal, so¢ial and emotional skills. There were 35 children registered during the term time. We completed various building Improvemenls in the year, improving the facilities for our children, supported by the local community. There continues to be no private gain to any individual member. In setting our objectives and planning our activities 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 aclivities have helped lo achieve the charity's purposes and provide a benefit to Ihe beneficiaries. FINANCIAL REVIEW Financial positlon The charity's reseNes for 30.6.22 were £92,203 (30.6.21 £96.9471 Nett deficit of £4,743 was reported in this year. (30.6.21 deficit £8,125) Performance model adjustment done in 30 June 2020 accounts. Reserves remain positive financially. There is no reserves poli¢y in place. Strong financial controls are in place to ensure efficient use of cash resources and meeting every day costs etc. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Page 1
Tin Tots Pre-school Education Centre ort of the Trustees for Ihe Year Ended 30 June 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Weekly meetings are held with management and staff to plan the flow of work and given tasks etc. Feedback controls with staff and parents are maintained. Monthly meetings of the trustees and senior management lake place to discuss the direction of the organisation, finances, funding, risks and other issues. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1603909 (Northern Ireland) Registered Charity number N1103574 Reglstered offlce 28 Dunamore Road Kildress Cookstown Co. Tyrone BT80 9NT Trustees G Mcclean (resigned 7.10.22) M Dohety (resigned 7.10.22) M Bradley (resigned 7.10.22) S McElduff M Tracey {appointed 7.10.22) L Glackin {appointed 7.10.22) S O, Hare (appointed 7.10.221 Company Secretary Independent Examiner W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG Approved by order of the board of trustees on 26 Aprtl 2023 and signed on its behalf by.. S McElduff - Trustee Page 2
Inde endent Examineffs Re ort to the Truslees of Tin Tots Pre-school Education Centre I report on the accounts of the company for the year ended 30 June 2022, which are set out on pages five to fourteen. Respective responsibilities of charity trustees and examlner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, it is my responsibility to.. examine the accounts under section 65 of Ihe Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9>lbl of the Charities Act state whether particular matters have come to my attention. Basi5 of the independent examiner'5 report I have examined your charity accounts as requSred under section 65 of the Charities Act and my examination was Carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65{91{b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, 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 kepl in accordance with section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charilies Stalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland That there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement I have completed my examination and 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. W McGillian Financial Accountant W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG Page 3
Inde endent Examinevs Re ort to the Trustees of Tin Tols Pre-school Edu¢alion Centre Date.. Page 4
Tin Tots Pre-school Education Centre Statement of Financial Activities for the Year Ended 30 June 2022 30.6.22 Total funds 30.6.21 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charltable activities Charitable Aetivilies 15.207 61.416 76,623 109,071 Other income 95 Total 76,621 109,167 EXPENDITURE ON Charitable activities Charitable Activities NET INCOMEIIEXPENDITURE) Transfers between funds 34,568 119,363) 46,797 14,619 81.365 (4,744) 117.292 {8,125) 16 14,619 14,6191 Net movement In funds 14,7441 14,744) {8,125} RECONCILIATION OF FUNDS Total funds brought forward 98.947 96,947 105,072 TOTAL FUNDS CARRIED FORWARD 96,947 The noles form part of these financial statements Page 5
Tin Tots Pre-school Education Centre Balance Sheet 30 June 2022 30.6.22 30.6.21 Notes FIXED ASSETS Tangible assets 84,550 90,110 CURRENT ASSETS Debtors Cash at bank 10 56 16,767 3,911 16.823 14,087 CREDITORS Amounts falling due within one year 19,160) {7,250) NET CURRENT ASSETS 7,663 TOTAL ASSETS LESS CURRENT LIABILITIES 92,213 96,947 CREDITORS Amounts falling due after more than one year 12 1101 ACCRUALS AND DEFERRED INCOME 14 NET ASSETS 92,203 FUNDS Unrestricted funds 16 92,203 96,947 TOTAL FUNDS 92,203 96,947 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022. The members have not required the company to obtain an audit of its financial Statements for the year ended 30 June 2022 in accordance with Seclion 476 ofthe Companies Act 2006. The trustees acknowledge their responsibilities for la) Complying with the requirements of the Act with respect to accounting record5 and the preparation of accounts The notes form part of these financial ststements Page 6 continued...
Tin Tots Pre-school Education Centre Balance Sheet- continued 30 June 2022 These financial statements have been prepared in accordance with the provisions applicab18 to charitable ¢ompanies subject lo the small ¢ompanies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 26 April 2023 and were signed on its behalf by.. S McElduff - Trustee The notes form part of these financial statements Page 7
Tin Tots Pre-school Education Centre Notes to the Financial Statements for the Year Ended 30 June 2022 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slalements of the charitable company. which is a public benefit enlity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) '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 1021 leffeclive 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Finan¢ial Activities once the charity has entitlement lo the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Fixtures and fittings 20V/o on reducing balance 50/0 on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objeIveS at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when spe¢ified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to Ihe financial slatements. Page 8 continued...
Tin Tots Pre-sch ol Education Centre Notes to the Financial Statements - continued for the Year Ended 30 June 2022 INCOME FROM CHARITABLE ACTIVITIES 30.6.22 30.6.21 Department of Education Parental Donations Grants BSO Compensation Building Repairs HSCB Charitable Activities Fundraising Charitable Activities Charitable Activities Early Years Covid Start Charitable Aclivities Activity Charitable Activities Charitable Activities Charitable Activities Charitable Activities 59,892 6,982 1,224 92,603 4,747 1,368 480 3,911 996 2,480 6,045 4,966 76,623 109 071 Grants received, included in the above, are as follows.. 30.6.22 30.6.21 Micro Grant 1,224 CHARITABLE ACTIVITIES COSTS Support costs (see note 4} Charitable Activities 81.365 SUPPORT COSTS Governan¢e costs Charitable Activities NET INCOMEIIEXPENDITURE) Net incomel(expenditure) is stated after chargingl{crediting}'. 30.6.22 30.6.21 Depreciation - owned assets 5,560 4,834 Page 9 continued...
Tin Tots Pre-school Education Centre Notes to the Financial Statements - continued for the Year Ended 30 June 2022 TRUSTEES, REMUNERATION AND BENEFITS There were no truslees, remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021. Trustees. expenses There were no trustees, expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021. STAFF COSTS The average monthly number of employees during the year was as follows.. Staff 30.6.22 30.6.21 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies Charltable activlties Charitable Activities 16,468 92,603 109,071 Other income 95 95 Total 16,564 92,603 109 167 EXPENDITURE ON Charitable activities Charitable Activities NET INCOMEI(EXPENDITUREI Transfers between funds 58,437 (41,873) 58,855 33,748 117,292 (8.125) 33,747 Net movement In funds {8,1261 (8,1251 RECONCILIATION OF FUNDS Total funds brought forward 105,073 105,072 TOTAL FUNDS CARRIED FORWARD 96,947 Page 10 ontinued...
Tin Tots Pre-school Education Centre Notes to the Financial Statements- continued for the Year Ended 30 June 2022 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Plant and machinery Totals COST At 1 July 2021 and 30 June 2022 7,876 11,307 129,350 148.533 DEPRECIATION At 1 July 2021 Charge for year 638 3,629 57.785 1,931 58,423 5,560 At 30 June 2022 4,267 63,983 NET BOOK VALUE At 30 June 2022 7,876 7,040 69,634 At 30 June 2021 7,876 10,669 71,565 90.110 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.22 30.6.21 Other debtors 56 3,911 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.22 30.6.21 Bank loans and overdrafts (see note 13) Trade creditors Social security and other taxes Accrued expenses 4,775 2,148 2,237 4,776 1,574 900 9,160 7,250 Page 11 ontinued...
Tin Tots Pre-school Education Centre Notes to the Financial Statements - continued for the Year Ended 30 June 2022 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 30.6.22 30.6.21 Other creditors 10 13. LOANS An analysis of the maturity of loans is given below- 30.6.22 30.6.21 Amounts falling due within one year on demand.. Bank overdrafts 14. ACCRUALS AND DEFERRED INCOME 30.6.22 30.6.21 Deferred government grants Government Grant Released 15. ANALYSIS OF NET ASSETS BEfwEEN FUNDS 30.6.22 Total funds Unrestricted Restricted fund funds 30.6.21 Total funds Fixed assets Current assets Current liabilities Long term liabilities Accruals and deferred income 84,550 16,823 19,1601 (10) 84.550 16,823 (9,1601 (10) 90,110 14,087 17,250) 92.203 92,203 96,947 Page 12 continued...
Tin Tots Pre-school Education Centre Notes to the Financial Statements - continued for the Year Ended 30 JLine 2022 16. MOVEMENT IN FUNDS Net Transfers movement beeen in funds funds At 1.7.21 At 30.6.22 Unrestrl¢ted funds General fund 96,947 (19.363) 14,619 92,203 Restricted funds Wages Fund 14,619 {14,619} TOTAL FUNDS 96,947 92,203 Net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestrl¢ted funds General fund 15,205 (34,5681 (19,363) Restricted funds Wages Fund DAERA 60,192 1,224 (45.573) 14,619 46,79 14,619 TOTAL FUNDS 76,621 81,3651 Comparatlves for movement in funds Net movement in funds Transfers beeen funds At 1.7.20 At 30.6.21 Unrestricted funds General fund 105,073 {41,873) 33,747 96,947 Restrlcted funds Wages Fund 33,747 {33,747) TOTAL FUNDS 105 072 Page 13 continued...
Tin Tots Pre-school Education Centre Notes to the Financial Statements - continued for the Year Ended 30 June 2022 16. MOVEMENT IN FUNDS - contlnued Comparative net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestrlcted funds General fund 16,564 158,43n {41,873) Restricted funds Wages Fund 92.603 (58.855) 33,748 TOTAL FUNDS 109,167 117,292 8,125 17. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 30 June 2022. Page 14
Tin Tots Pre-school Education Centre Detailed Statement of Financial Activities for the Year Ended 30 June 2022 30.6.22 30.6.21 INCOME AND ENDOWMENTS Donations and legacies Donations Charitable actlvities Department of Education Parental Donations Grants BSO Compensation Building Repairs HSCB Fundraising Early Years Covid Start 59,892 6.982 1,224 92,603 4,747 1,368 480 3,911 996 2,480 6,045 76,623 109,071 Other income Other income 95 Total Incoming resources 76,621 109,167 EXPENDITURE Support costs Governance costs Wages and salaries Staff Training Water rates Food Insurance Educational Equiment l Resourc Toys Consumables l Toiletries Light & Heat Repairs & Maintenance Fire alarm maintenance Administration Printing, postage & stationery Telephone Trips l Outings & Events Accountancy Carried forward 44,182 198 106 1,419 1,232 4,115 184 493 850 14,345 266 40 516 660 170 1,337 70,113 63,555 545 332 2,031 1,232 6.599 2,154 1,153 754 24,503 339 430 482 450 1,105 105,664 This page does not form part of the statutory financial statements Page 15
Tin Tots Pre-school Education Centre Detailed Statement of Financial Activities for the Year Ended 30 June 2022 30.6.22 30.6.21 Governance costs Brought forward Bank charges School Uniforms General expenses Early Years Sub / Advisory Depreciation on assets Employee Pension Defined Contr ibution Health & Safety Vetting Costs Computer costs Fundraising costs Interest on PAYE Gonsullancy 70,113 367 585 550 1,778 5.560 105,664 228 1,818 122 1,764 4,834 1,149 828 225 2,111 395 380 65 (89) 210 117292 Total resources expended Net expendFture 117292 This page does not form part of the statutory financial statements Page 16