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2023-08-31-accounts

Broughshane Playgroup Limited (previously known as Broughshane Community Centre of Early Learning)

Statement of Financial Activities for the Year Ended 31 August 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Unrestricted Unrestricted Unrestricted Unrestricted Unrestricted Total
funds 2023
Note
Income
and
Endowments		 from:
Charitable
activities		 3 44,964 44,964
Total
income		 44,964 44,964
Expenditure
on:
Charitable
activities		 4 (71,694) (71
,694)
Total
expenditure		 (71,694) (71
,694)
Net
expenditure		 (26,730) (26,730)
Net
movement
in
funds		 (26,730) (26,730)
Reconciliation
of
funds
Total
funds
brought		 forward 87,557 87,557
Total
funds
carried
forward		 10 60,827 60,827
Unrestricted Total
funds 2022
Note
Income
and
Endowments		 from:
Charitable
activities		 3 59,560 59,560
Total
income		 59,560 59,560
Expenditure
on:
Charitable
activities		 4 (61,912) (61,912)
Total
expenditure		 (61,912) (61,912)
Net
expenditure		 (2,352) (2,352)
Net
movement
in
funds		 (2,352) (2,352)
Reconciliation
of
funds
Total
funds
brought
forward		 89,909 89,909
Total
funds
carried
forward		 10 87,557 87,557

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 10.

The notes on pages 7 to I I form an integral part of these financial statements.

Page 5

Broughshane Playgroup Limited (previously known as Broughshane Community Centre of Early Learning)

(Registration number: N1039664) Balance Sheet as at 31 August 2023

2023 2022
Note
Fixed
assets
Tangible
assets		 7 8,516 9,695
Current
assets
Stocks 976 375
Debtors
Cash
at
bank
and
in
hand		 8 55,336 210
79,740
56,312 80,325
Creditors:
Amounts		 falling due within one year 9 (4,001) (2,463)
Net
current		 assets 52,311 77,862
Net
assets		 60,827 87,557
Funds
of
the
charity:
Unrestricted
income
funds
Unrestricted
funds		 60,827 87,557
Total
funds		 10 60,827 87,557

For the financial year ending 31 August 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 5 to I I were approved by the trustees, and authorised for issue on 2 October 2023 d signed on their behalf by:

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L Scott
Trustee
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Kathleen Anderson Trustee

The notes on pages 7 to 11 form an integral part of these financial statements.

Page 6

Broughshane Playgroup Limited (previously known as Broughshane Community Centre of Early Learning)

Notes to the Financial Statements for the Year Ended 31 August 2023

1 Charity status

The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding ENil towards the assets of the charity in the event of liquidation.

The address of its registered office is: Broughshane House 70 Main Street Broughshane Ballymena Co Antrim BT42 4JW

These financial statements were authorised for issue by the trustees on 2 October 2023.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 (FRS 102) (effective I January 2015) - (Charities SORP (FRS -102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act (Northern Ireland) 2008.

Basis of preparation

Broughshane Playgroup Limited (previously known as Broughshane Community Centre of Early Learning) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be recieved and the amount of the income receiveable can be measured reliably

Page 7

Broughshane Playgroup Limited (previously known as Broughshane Community Centre of Early Learning)

Notes to the Financial Statements for the Year Ended 31 August 2023

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Taxation

The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset
class		 Depreciation method
and		 rate
Improvements
to		 leasehold
property		 1%
straight
line
Fittings,
furniture
&		 equipment 20%
reducing
balance

Trade debtors

Trade debtors are amounts due for services performed in the ordinary course of business.

Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Page 8

Broughshane Playgroup Limited (previously known as Broughshane Community Centre of Early Learning)

Notes to the Financial Statements for the Year Ended 31 August 2023

3 Income from charitable activities

Unrestricted
funds
Total		 Total
General 2023 2022
Grant
aid-
DENI		 35,297 35,297 52,026
EA
-
Engage
Funding		 2,912 2,912 4,368
EA
-
Outdoor
Funding		 1,000
Donations 200 200
650
Fundraising 935 935 375
Other
income		 5,620 5,620
1,141
44,964 44,964 59,560

4 Expenditure on charitable activities

Charitable Charitable Charitable Total Total
activity
costs		 2023 2022
Wages
&
salaries
Staff
training,
recruitment
costs
&
EY
Support
Rent
&
insurance
Repairs
&
maintenance
Telephone,
postage
&
stationery
well-being		 54,594
54
1,897
5,325
1,584
1,106
765		 54,594
54
1,897
5,325
1,584
1,106
765		 154
4,643
322
681
667
Catering
Work
materials		 1,173
87		 1,173
87		 1,367
300
Outings 17 17 313
Graduation
&
sports
day
costs
Sundry
expenses
(inc.
Consultancy		 &
Accountancy)		 2,550
144		 2,550
144		 1,431
158
Bank
charges		 47 47 47
Depreciation
of
long
leasehold
property
Depreciation
of
plant
&
machiney		 1,132
1,219		 1,132
1,219		 1,415
3,790
Classes
&
activities		 71,694 71
,694		 61,912

Page 9

Broughshane Playgroup Limited (previously known as Broughshanc Community Centre of Early Learning)

Notes to the Financial Statements for the Year Ended 31 August 2023

5 Net incoming/outgoing resources

Net outgoing resources for the year include:

Depreciation of fixed assets

2023 2022
1,179 1
,462

6 Taxation

The charity is a registered charity and is therefore exempt from taxation.

7 Tangible fixed assets

Land
and		 Furniture
and
buildings equipment Total
Cost
At
1
September
2022		 4,643 23,542 28,185
At
31
August
2023		 23,542 28,185
Depreciation
At
1
September
2022		 610 17,880 18,490
Charge
for
the
year		 47 1,132 1,179
At
31
August
2023		 657 19,012 19,669
Net
book
value
At
31
August
2023		 3,986 4,530 8,516
At
31
August
2022		 4,033 5,662 9,695

Included within the Net Book Value of Land & Buildings above is ENil (2021- Nil) in respect of Freehold Land & Buildings and E4,033 (2021- E4,080) in respect of leasehold.

8 Cash and cash equivalents

2023 2022
Cash
on
hand		 15 104
Cash
at
bank		 55,321 79,636
55,336 79,740

Page 10

Broughshane Playgroup Limited (previously known as Broughshane Community Centre of Early Learning)

Notes to the Financial Statements for the Year Ended 31 August 2023

9 Creditors: amounts falling due within one year

2023 2022 2022 2022 2022
Accruals 4,001 2,463
10
Funds
Balance
at		 1
September Incoming Resources Balance
at
31
2022 resources expended August
2023
Unrestricted
funds
General
General 87,557 44,964 (71,694) 60,827
Balance
at		 1
September Incoming Resources Balance at
31
2021 resources expended August
2022
Unrestricted
funds
General
General 89,909 59,560 (61,912) 87,557

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