REGISTERED COMPANY NUMBER: N1603909 (Northern Ireland) REGISTERED CHARITY NUMBER: N1103574 Re ort of the Trustees and Unaudited Financia5 Statements for the Year E ded 30 June 2024 for Tln Tots Pre-school Edu atlon Cen *AE5FHCQI' 251fffJ12025 COMPANIES HOUSE A10
156
W McGillian & Co 5-7 Tobermor8 Road Draperstown BT45 7AG
Tin Tots Pre-school Education Centre Content of the Financial Statements for the Year Ended 3 June 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Flnanclal Statements 8 to 14 Detailed Statement of Financlal Aclivlt18S 15 to 16
Tin Tots Pre-school Educatlon Centre ort of the Trustees for the Year Ended 30 June 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charitles: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in th8 UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims Tiny Tots aim to 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 chlldren 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 hlghly trained staff, who come from different community backgrounds. A friendly and fun environment help children interact with others: role play, gamas, reading, plctures and language are Just some of the activities the chlldren enjoy. Our learning programme help develop children's personal, SOGial and emotlonal skills. There were 31 children registered durlng the term tlma. We held a Fun Day and Coffee mornlng to help raise funds to improve the outdoor play ar8a. There continues to be no private galn to any indlvidual member. In settlng our objectives and plannlng our activities for the year the trusteas have given careful ¢onsideration to the Charity Commission for Northern Ireland's guidance on publlc benefit to ensure that the activities have helped to achieve the charitys purposes and provide a beneflt lo the beneficiaries. FINANCIAL REVIEW Flnanclal positlon The charity's reserves for 30.6.24 £85,343 {30.6.23 £84,520) . Nett surplus for the year 30.6.24 £823 (30.6.23 deflclt £7,683) Performance model adjustment done in 30 June 2020 accounts regarding government grants. Reserves remain positive financially. There is no reserves policy in place. Strong flnanclal 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
STrUCTURE,GOII.ERNANCEAND MANAGEMENr Rls, k. managemont.: "The INStoes hay8 A.. Aluty't¢. Idenllfy ahd,f6vlaw tbg, rllks.lo whl¢h th•,¢hadty la Axposed ond io. nsqre8pproprlata:cgntrol8 ar.o:lTr.place.lo provl.de"rea$onable asauraAQè.49alASt.fraud gnd:'..8rrffj. WeeklymeetFng¥.8r8,.'heldMith.rnan.99ement4nd: tff. plary thg,.flow..ofw0rk.:d1 Ofveff..tssks atG¥ Feedbath corjfrdls. wllh sl8ff. 8nd parpnts arA malntaine.d, Monthly m8Allng& or.:.thfr.tr44ste8# and fj.enlOr rn8nayemenl.f8K8.Plaae: t&dlsOW.Ih* dlrB.Gtlon'ofitlt8 org. aAlsal1on,,".thanh,,ldlrt.k xnd'othor188U69, egl8torad Company.'num'b•r NIfj.Q3909 (NoEthem,Ireland) Repl81?ra"d Chatity numb•r Nl.1:.03574 'Roglste'r•d•fflce' .2& DunaMor¢FIOad .,lQldross Cookstown., ¢0. T.yron8' .B T,80.:gNT T,rnstèe81 S McElduff:(reslgned.5&.24) L GE8J S O."Hare, (toslgno.d.12:9.241 .R:O', K8na.,1oppolntgdiS.4.24) AHgy8n (appolnted'5..4'.24) E..McGlln¢hey.lappolnled7,,1'1.24) N,McGlJrk'(aii.polnle4 7.ff.24.) ,¢.ompany.'So¢rotary. Indopendeht Examltt•r Kmaglll W MeGllllan &. Co. 7 Tobermorffj. Food .DraRerstown BT45.7A' .Ap.PA>V.ett:::b,yordeF.tsfitbe boaFd,.oflN'$teos 1.7 J.uno2025 antli$i9rJod,on MibohaV.b E., McGllnth6y-Truslea cs
Inde endent Examiner's Re ort to the Trustees of Tin Tots Pre-school Education Centre I report on the accounts of the company for the year ended 30 June 2024, which are set out on pages five to fourteen. Respectlve responslbilitles of charlty trustees and examlner As the charlty's trustees (and also the directors for the purposes of company law) you are r8sponsible for the preparation of the accounts In accordance wlth the requirements of the Companies Act 2006. Having satisfled myself that the charity is not subject to audit under company law and Is ellglble for independent examination, it is my responsibility to: examine the accounts under Section 65 of the Charities Act follow the procedures laid down In the general Dlrections given by the Charfty Commlssion for Northern Ireland under Section 65(9)(b) of the Charlties Act state whether particular matters have come to my attentlon. Basls of the Independent examlner's report I have examined your charity accounts as requlr8d under Sectlon 65 of the Charities Act and my examination was carried out in accordance with the general Directions glven by the Charity Commission for Northem Ireland under Section 65(9)(b) of the Charities Act. The examination Included 8 revlew of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included Gonsideration of any unusual items or disclosures in the accounts, and seeking explanatlons from you as charlty trustees concemlng 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 kept in accordance with Section 386 of the Cornpanles Act 2006 That the accounts do not accord wlth those accounting records That the accounts do not comply wlth the accounting requirements of Section 396 of the Cornpanles Act 2006 and with the methods and principles of the Charlties Statement of Recommended Practice applirAble to charities preparing their accounts in accordance with the Financial Reporting Standard applicab18 in the UK and Republic of Ireland That there Is further Information needed for a proper understandlng of the accounts to be reached. Independent examlner's statement I have completed my examination and have no concerns in respect of the matters (1) to {4) listed above and, In connection wlth following the Directions of the Charlty Commlssion for Northern Ireland, I have found no matters that require drawing to your attention. lé fflc Ill K Magil The Institute of Chartered Accountants in Ireland W McGlllian & Co 5-7 Tobermore Road Drapersiown BT45 7AG Date: Page 3
Tin Tots Pr -school Education entre St tement of Financial Activities for the Year Ended 30 June 2024 30.6.24 Total funds 30.6.23 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charltable activlties Charitable Actlvitles 84,659 106,504 101,137 Total 21.845 84,659 108 504 101.137 EXPENDITURE ON Charltable actlvltles Charitable Activities 84,656 105 681 108,821 NET INCOMEI(EXPENDITURE) Transfers between funds 820 823 (7,683) 16 3) Net movement In funds 823 823 (7.683) RECONCILIATION OF FUNDS Total funds brought forward 84,520 84,520 92,203 TOTAL FUNDS CARRIED FORWARD 84,520 The notes form part of these financial statements Page 5
Tin Tot Pre-school Education Cenlre Balance Sheet OJun 2024 30.6.24 30.6.23 Notes FIXED ASSETS Tangible assets 76,745 81,256 CURRENT ASSETS Debtors Cash at bank 10 56 16,865 17,182 CREDITORS Amounts falling due wlthln one year 11 (8,267) (12,356) NET CURRENT ASSETS 8,598 TOTAL ASSETS LESS CURRENT LIABILITIES 85,343 86,082 CREDITORS Amounts falling due after more than one year 12 (1,562) ACCRUALS AND DEFERRED INCOME 14 NET ASSETS FUNDS Unrestricted funds 16 84,520 TOTAL FUNDS 84,520 The charitable company is entitled to exemption from audit under Sectlori 477 of the Companles Act 2006 for the year ended 30 June 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companles Act 2006. The trustees acknowledge their responsibilities for (a) Complying with the requirements of the Act with respect to accounting records and the preparation of accounts The notes form part of these financial statements Pag8 6 continued...
Thesfr finandal siaYemeDts have been, prepaFed..lTh. ?ccordanG WI. thpJJrovl8lons ppllc3ble to ,GherftablA wnpHnlei,sutyJact.to:Iho smalbMmp4r41?¥.'.r09lm•. Tho. nancIal slaternents. lyere approved by. Ihfr Board o.fTr41stsB¥ ond,'auitTodsets. for 1sSit8, OA J.7 JMna.2025 qndvm 8tgnedtron lts,boh8lf by E. McGllnchey- TN8ta Th¥.notQs'.forni',partof thes•.:Ilnan¢lal.8tatemg.n
Tin Tots Pre-school Education Centre Notes to the Financial Statements for the Year Ended 30 June 2024 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing th8ir accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) (effeclive 1 January 2019),, Financial Reporting Standard 102 'The Flnancial Reporting Standard applicable In the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the hlstorical cost convention. Income All income Is recognised In the Statement of Financial Activitles once the charity has entitlement to the funds, it Is probable that the Income will be received and the amount can be measured reliably. Expenditure Liabilitles 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 basls 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 conslstent wlth the use of resources. Tanglble flxed assets Depreciation is provided at the following annual rates In order to wrlte off each asset over Its estimated useful life. Plant and machinery Fixtures and fittings 200/0 on reduclng balance 50/0 on reducing balance Taxatlon The charity Is exempt from corporation tax on Its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restrlcted funds can only be used for particular restricted purposes wlthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of th8 nature and purpose of each fund is Included In the notes to the financial statements. Page 8 continued...
Tin Tots Pre-school Education Centre Notes to the Financial Statements - continued for the Year End8d 30 June 2024 INCOME FROM CHARITABLE ACTIVITIES 30.6.24 30.6.23 Activity Department of Education Parental Donatlons Grants BSO Fundraising Charltable Actlvities Charitable Activities Charltable Activities Charilable Activities Charilable Actlvities 81,501 11,195 2,454 704 10,651 77,716 13,690 6,644 106,505 101.137 Granis rèceivèd, included In the above, are as follows: 30.6.24 30.6.23 DOH SPPG DAERA HALIFAX MUDC CLEAR 800 2,000 1,494 2,850 300 663 991 CHARITABLE ACTIVITIES COSTS Support costs (see note 4) Charitable Activities 105681 SUPPORT COSTS Governanc costs Charltable Activitles 105,681 Page 9 continued...
Tin Tots Pre-sch l Education entre Notes to the Financial Statements - continued for the Year Ended 30 June 202 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is ststed after chargingl(credltlng): 30.6.24 30.6.23 Depreciation - owned assets TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 June 2024 nor tor the year ended 30 June 2023. Tru8t895' expen885 There ivere no trustees, expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 30.6.24 30.6.23 Staff No employees recelved 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 Charitable activities Charitable Activities 16,777 101 137 Total 84,360 101 138 EXPENDITURE ON Charitable actlvitles Charitable Activities 26,156 82,665 108,821 NET INCOMEI(EXPENDITURE) Transfers between funds (9.378) 1,695 (7,683) Net movement in funds (7,683) (7,683) Page 10 continued...
Tin Tots Pre-school Education Centre Notes to the Financial Statements - contlnued for the Year Ended 30 June 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES. continued Unrestricted Restricted fund funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 92,203 92,203 TOTAL FUNDS CARRIED FORWARD 84.520 TANGIBLE FIXED ASSETS Improvements to property Fixtures and fittings Freehold property Plant and machlnery Totals COST At 1 July 2023 Reclassification 7,876 1,698 11,307 129,350 150,231 At 30 June 2024 7,876 13,005 129,350 150 231 DEPRECIATION At 1 July 2023 Charge for year 5,811 . 63,164 68,975 At 30 June 2024 7,047 66,439 NET BOOK VALUE At 30 June 2024 7,876 5,958 At 30 June 2023 7.876 1,698 5,496 66,186 81,256 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 other debtors 56 Page11 continued...
Tin Tots Pre-school Education Centre Notes to the Financial Statements - continued f r the Year Ended 30 June 2024 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 Bank loans and overdrafts (see note 13) Trade creditors Social security and other taxes Accrued expenses 4,775 (46) 4,774 3,435 8,267 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 30.6.24 30.6.23 other creditors 1,562 13. LOANS An analysis of the maturity of loans is given below: 30.6.24 30.6.23 Amounts falling due within one year on demand: Bank overdrafts 14. ACCRUALS AND DEFERRED INCOME 30.6.24 30.6.23 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 30.6.24 Total funds 30.6.23 Total funds Unrestricted Restrlcted fund funds Fixed assets Current assets Current liabilities Long term liabilities Accruals and deferr8d income 75,050 49,768 (39,475) 1,695 (32,903) 31,208 76,745 16,865 (8,267) 81,256 17,182 (12,356) (1,562) 85,343 85,343 84,520 Page 12 continued...
Tin -school Education entre Notes to the Financial Statements - continued for the Year En O June 202 16. MOVEMENT IN FUNDS Net movement in funds Transfers beeen funds At 30.6.24 At 1.7.23 Unrestrlcted funds General fund 84,520 820 85,343 Restrlcted funds MUDC (3) TOTAL FUNDS 823 Net movement In funds, included In the above are as follows: Incoming Resources Movement resources expended In funds Unrestrlcted funds Generas fund 21,845 (21,025) 820 Restrlcted funds Wages Fund DOH SPPG MUDC Clear Grant 82,205 800 663 991 (82,205) (800) (660) 84 656> TOTAL FUNDS 106,504 105,681) 823 Comparatlves for movement In funds Net movement In funds Transfers between funds At 30.6.23 At 1.7.22 Unrestricted funds General fund 92,203 (9,378) 1,695 84,520 Restrlcted funds HALIFAX 1,695 (1,695) TOTAL FUNDS 92,203 84,520 Page13 contlnued...
Tin Tots Pre-sch I ntre Notes to the Financial Statements - continued for the Year End ne 02 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 16,778 (26,156) (9,378) Restrlcted funds Wages Fund DAEFIA DOH SPPG HALIFAX MUDC 77,716 1,494 2.000 2,850 300 (77,716) (1,494) (2,000) (1,155) 1,695 82 665) TOTAL FUNDS 101138 17. RELATED PARTY DISCLOSURES There wer8 no related party transactlons for the year ended 30 June 2024. Page 14
Tin T ts Pre-school Education Centre Detailed Statement of Financlal Activiti8s for the Year End d 30 June 2 24 30.6.24 30.6.23 INCOME AND ENDOWMENTS Donations and legacles Donations Charltable activities Department of Education Parental Donations Grants BSO Fundralsing 81,501 11,195 2,454 704 77,716 13,690 6,644 106,504 101 137 Total Incomlng resources 106,504 101,137 EXPENDITURE Support costs Governance costs Wages and salaries Staff Tralnlng Water rates Food Insurance Educational Resources Toys Consumables l Toiletries Light & Heat Repairs & Maintenance Flre alarm maintenance School photos Admlnlstration Printing, postage & stationery Telephone Tutor costs, classes & trips Accountancy Bank charges School Uniforms General expenses Early Years Sub l Advisory Depreciation on assets Carrled forward 76,660 67,929 2,061 316 3,584 952 4,892 562 871 1,756 9,951 471 247 2,949 1,065 2,792 74 415 2,210 3,283 35 36 40 247 688 650 1,170 304 1,190 775 2,094 4,992 105,495 266 715 1,270 1,405 378 1,013 911 2,750 4,511 102,985 This pag8 does not form part of the statutory financial statements Page 15
Tin Tots Pre-school Education Centre Detailed Statement of Financial Activities for th Year Ended 30 June 2024 30.6.24 30.6.23 Governance costs Brought forward Employee Penslon Defined Contr ibution Health & Safety Vettlng Costs Fundraising costs Donation 102,985 105,495 1,941 95 2,186 23 54 1,055 660 105 681 108 821 Total resources expended 105.681 108,821 Net Incomel(expendlture) 823 This page does not form part of the statutory financial statements Page 16