Broughshane Playgroup Limited Statement of Financial Activities for the Year Ended 31 August 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2024 Note Income and Endowrnents from: Charitable activities 67,844 67,844 Total income 67,844 67,844 Expendllure on: Chariiabl¢ activities (75.041 Total expenditure 75,041 75,041 Net expenditure Net movement in funds 7,197 (7,197) {7,197) Re¢on¢illation of funds Total funds brought forward 60,827 60,827 Total funds carried forward 10 53,630 Unrestricted funds 53,630 Total 2023 Note Income and Endowments from: Charitable activiti¢s 44,964 44,964 Total income 44,964 44,964 Expendlture on: Charitable activities 71,694 (71,694 Total expenditur¢ Net expenditure 71,694 71,694 26.730 N¢t movement in funds (26,730) (26,730) Reconciliation of funds Total funds brought forward Total funds Caled forward 87,557 87,557 10 60,827 60,827 All of the charity's activities derive from conlinuing operations during the above two periods. The funds breakdown for 2023 is shown in note l O. The notes on pages 7 to I I fomi an integral part of these financial statements. Page 5
Broughshane Playgroup Limited (Registration number: N1039664) Balance Sheet as at 31 August 2024 2024 2023 Note Fixed assets Tangible assets 7.563 8,516 Currenl assets Stocks Cash at bank and in hand 660 49,198 976 55,336 49,858 56,312 Creditors: Amount$ falllng due within one year 3,791 (4,001) N¢t currenl assets 46,067 52,311 N¢t a55ets 53,630 60,827 Funds of the charlty.. Unrestricted income funds Unrestricted funds 53,630 60,827 Total funds 10 53,630 60,827 For the financial year ending 31 August 2024 Ihe charity was entitled lo exemplion from audit under Section 477 of Ihe Companies Act 2006 relatin8 lo small compani¢s. Directors, responsibilities.. The members have not required the charity to obtain an audil of ils accounts for the year in queslion in accordance with section 476; and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounling re¢ords and lh¢ preparation of accounts. These financial 51alements have been prepared in accordance with the special provisions relating to companies subject to ihe small companies regime within Part 15 of the Companie5 Act 2006. The financial statemenis on pages 5 to I I were approved by Ihe truslees, and auihorised for issue on 10 October 2024 and signed on their behalf by: Lexie Scott Trustee Kaihleen Anderson Trustee The note5 on pages 7 to I I fomi an integral part of these financial statements. Page 6
Broughshane Playgroup Limited Notes to the Financial Statements for the Year Ended 31 August 2024 I 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 contribut¢ an amount not exceeding £ l (oward5 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 stalements were authorised for issue by the trustees on l O October 2024. 2 Aeeountlng pollcle$ Summary of significant accounting policies and key accounting estimates The principal accouniing policies applied in the preparation of ihese financial statements are sel out below. These policies have been consislently applied to all ihe years presented, unless oihenvise stated. Statement of eompllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities,. Statement of Recommended Practice applicable to charilies pr¢paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeciive l 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. Basls of preparatlon Broughshane Playgroup Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially r¢¢ogni5ed at historical cost or tr&n5action value unl¢ss otherwise stated in the relevan( accounting policy noies. Golng eoncern The trustees Consider that there are no material uncertainties about Ihe charity's ability to continue as a going ¢oncern nor any significant areas of uncertainty that affect th¢ carrying value of assets held by the charity. Income and endowments All income is recognised once the charity has enti¢lement 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 Notes to the Financial Statements for the Year Ended 31 August 2024 Expendilure All expendilure is recognised once there is a legal or constructive obligation to that expendilure, il is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading thal aggregale similar costs to that category. Where costs cannot be direcily attributed to particular headings they hav¢ been allocated on a basis consistent with ihe use of resources, with. ceniral siaff costs allocated on the basis of time spent. and depreciaiion charges allocated on the portion of the asset's use. Other support costs are allocaled based on the spread of siaff costs. Charliable aeilvllles Charitable expenditure comprises those cosls incurred by ihe charity in the delivery of its activities and services for 115 beneficiaries. li includes both costs that can be allocated directly to such activities and those costs of an indirecl nature necessary to support them. Taxation The Charity 15 considered to pass the tests set out in Paragraph I S¢h¢dul¢ 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporalion lax purpose5. Accordingly, the charity IS Potentially ex¢mpi from taxation in respect of income or capital gains received within calegories covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to th¢ extent that such income or 8ains are applied exclusively to charitable purposes. Tangible fixed a55etS Individual fixed assets are inilially recorded at cost, less any subsequent a¢cumulat¢d depreciation and subsequenl accumulated impairment losse5. Depreelation and amortisallon Depreciation is provided on iangible assets so as to write off the cosl or valuation. less any eslimaled residual value, over their expected useful economic life as follows: As$el class Improvements to leasehold property Fittings, furniture & equipment Deprecl&tlon method and r&le l•/0 Strnight line 200/0 reducing balance Trade debtors Trade debtors are amounts due for services perfonned in the ordinary course of business. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni highly liquid inve5tment5 that are readily convertible to a known amounl of cash and are subject to an insignificant risk of change in vaSue. Fund structure Unrestricted income funds are general funds that are available for use at the tru51ees discretion in fifftherance of the objectives of the charity. Page 8
Broughshane Playgroup Limited Notes to the Financial Statements for the Year Ended 31 August 2024 3 Income from charitable activities Unrestricted (unds Gentral Total 2024 Total 2023 Fees received EA Belfasl EA - Engage Funding Donation5 Fundraising 9,299 57,110 9,299 57,110 5,620 35,297 2,912 200 935 100 ,335 100 67,844 67,844 44,964 4 Expenditure on eharitable actlvltles Charitable aelivily eosts Total 2024 Tolal 2023 Wages & salaries EY Support Staff training, r¢¢ruitment costs & well-being Rent & insurance Repairs & maintenance Telephone, postage & stationery Sundry expenses (inc. Consultancy & Accountancy) Catering Work Materials Outings Graduation & sports day costs Classes & activities Bank charges Deprecialion of long leasehold property Depreciation ot'plant & machiney 60,483 2,097 65 5,554 737 1,113 2,004 714 817 60,483 2,097 65 5,554 737 54,594 1,897 54 5,325 ,584 1,106 2,550 765 1,173 87 17 1,219 144 47 1,132 2,004 714 817 26 330 148 47 906 26 330 148 47 906 75,041 Page 9
Broughshane Playgroup Limited Notes to the Financial Statements for the Year Ended 31 August 2024 5 Net incomingloutgoing resources Net outgoing resources for the year include- 2024 2023 Depreciation of fixed assets 953 1,179 6 Tgxation The charity is a registered charity and is therefore exempt from taxaiion. 7 Tangible fixed fi55ets Land and buildings Furniture and equlpment Total Cost Al I September 2023 4,643 23,542 28,185 Al 31 August 2024 4,643 23,542 28,185 Depreciation Al I September 2023 Charge for the year 657 47 19,012 906 19,669 953 At 31 Au8usI 2024 704 19,918 20,622 Net book value At 31 August 2024 At 31 August 2023 3,939 3,624 7,563 3,986 4,530 8,516 Included within the Net Book Value of Land & Buildings above is £Nil (2023- Nil) in respect of Freehold Land & Buildings and £3.939 {2023- £3.986) in respect of leasehold. 8 Cash and eash equivalents 2024 2023 Cash on hand Cash at bank 32 49,166 55,321 55,336 49,198 Page 10
Broughshane Playgroup Limited Notes to the Finaneial Statements for the Year Ended 31 August 2024 9 Credltors: amounts falling due wlthln one year 2024 2023 Accruals 3,791 4,001 10 Funds Balanee al I September 2023 Incoming resources Resourees expended Balance al 31 August 2024 Unrestrleled funds General General 67.844 75,041 53,630 Balance at I September 2022 Incoming resources Resourees expended Balance at 31 August 2023 Unrestritted (unds General General 60,827 Pagell