## 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:
**----- Start of picture text -----**
L Scott
Trustee
**----- End of picture text -----**
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||||
Page I I