COMPANY REGISTRATION NUMBER: N1038678 CHARITY REGISTRATION NUMBER: NIC103782 Dungiven Community Pre-school Playgroup Company Limited by Guarantee Unaudited Financial Statements 31 August 2024 CLAREMOUNT Chartered accountants Ib Brookmount Crescent Omagh Co Tyrone BT78 5HG
Dungilven Community Pre-SehooI Playgroup Company LiD]ited by Guarantee Financial Statements Year ended 31 Allgust 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditur¢ account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 14 Notes to the detailed statement of financial activities 15
Dungiven Community Pre-school Playgroup Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 August 2024 The trustees, who are also th¢ directors for the purposes of company law, present th¢ir icport and the unaudited financial statements of the charity for the year ended 31 August 2024. Referenee and administrative details Registered charity name Dungiven Community Pre-school Playgroup Charity registration number NIC103782 Company registralion number N1038678 Princlpal office and registered office 42a Mitchell Park Dungiven Co Derry BT47 4LW The trustees Ms L McReynolds Ms L Mullin Ms U O'Kane Ms K Grieve Mrs S Mccartney Mrs A O'connell Miss L McElhinney Mrs A Lynch Dr A Devlin-mullan Mrs G Canning Mrs S Mccloskey (Resigned 26 November 2024) (Resign¢d 26 November 2024) (Resigned 26 November 2024) (Appointed 26 November 2024) (Appointed 26 November 2024) (Appointed 26 November 2024) (Appointed 26 November 2024) Independent examiner Shaun McElhinney Ib Brookmount Crescent Omagh Co Tyrone BT78 5HG Structure? governance and management The organisation is a charitable company, limitcd by guarantee, incorporated on 13 May 2000 and accepted as a charity by HM Rev¢nue & Customs on 10 July 2002. The company was ¢stablished under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £ l. The trnstees of the charity, who are also directors, are detailed on page l.
Dungiven Community Pre-school Playgroup Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {conlinHed) Year ended 31 August 2024 Objectives and activities The charity operates a playgroup for pre-school children. Achievements and performanee The results for the year are contained in the financial statements. Financial review Dungiven Community Preschool was operating at almost full Caplty for the year ended 31 August 2024 which has led to an increase in turnover. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies ¢xemption. The trust¢¢s' annual report was approved on 20 May 2025 and signed on behalf of the board of trustees by: Ms L M¢Reynolds Trustee
Dungiven Community Pre-school Playgroup Company Limited by Guarantee Independent Examiner's Report to the Trnstees of Dungiven Community Pre-school Playgroup Year ended 31 August 2024 I report to the trustees on my examination of the fmancial statements of Dungiven Community Pre-school Playgroup ('the charity,) for the year ended 31 August 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financia] statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act,). You are satisfIed that the accounts of the company are not required by charity or company law to be audited and have chos¢n instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examAnatAon of ihe charity's financial stalements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by th¢ Charity Commission for North¢rn treland under section 65(9)(b) of the 2008 Act. Independenl examiner's statement I have completed my examination, I confinn that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an ind¢pendent examination. or thc financial statements have not been prepared in accordance with the melhods and principles of the Statement of Recommended Practi¢¢ for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). l Confirni that there are no other matters to which your attention should be drawn to enable a proper understanding of the acrounts to be reached. Shaun McElhinney Independent Examiner Ib Brookmount Crescent Omagh Co Tyrone BT78 5HG
Dungiven Community Pre-school Playgroup Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 August 2024 2024 Unrestricted funds 2023 Total funds Total funds Note Income and endowments Donations and legacies Investment income Other income 63,049 63,049 54,156 68 68 265 Total ineome 63,125 63,125 54,425 Expellditure Expenditure on charitable activities Total expenditure 64,928 64,928 70,485 64,928 64,928 70,485 Net expenditure and net movcment in funds (1,803) (1,803) (16,060) Reeoneiliation of funds Total funds brought forward Total funds carried forward 81,063 81,063 79,260 97,123 79,260 81,062 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 12 form part of these financial stAtements.
Dungiven Community Pre-school Playgroup Company Limited by Guarantee Statement of Financial Position 31 August 2024 2024 2023 Note Fixed a55els Tangible fixed assets 14 55,749 57,265 Current assets Cash at bank and in hand 25,147 26,670 Creditors: amounts falling due within one year Net ¢urrent assets 15 1,636 2,872 23,511 23,798 Total assets less current liabilities 79,260 81,063 Net assets 79,260 81,063 Funds of the charity Unrestricted funds 79,260 81,062 Total charity funds 17 79,260 81,062 For the year ending 31 August 2024 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 company to obtain an audit of its financial statements for the year in question in accordance with section 476, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regim¢, These financial slalements were approved by the board of trustees and authorised for issue on 20 May 2025, and are signed on behalf of the boaTd by.. Ms L McReynolds Trnstee The notes on pages 6 to 12 form part of these financial statemen
Dungiven Community Pre-school Playgroup Company Limited by Guarantee Notes to the Financial Statements Year ended 31 August 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 42a Mitchell Park, Dungiven, Co Derry, BT47 4L W. Statement of complianee These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of prcparation The financial statements have bcen prepared on the historical c05t basis, as modified by the revaluation of certain financial assets and liabilities and investment properties Ineasured at fair value through income or expenditure. The financial statements are prepared in slerlingl which is the nctional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Dlselosure exemptlons The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragrdph 1.12 of FRS 102: (a) No cash flow staleinent has be¢n Presented for the company. (b) Disclosures in respect of finaiicial inslTuments have not been presented. Judgements and key sources of estimation uncerthinty The preparation of the financial statements requires management to mak¢ judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believ¢d to be Te&sonable under the circumstances. No judgements, accounting estimates or assumptions that hav¢ been made by management will have a significant effect on the amounts recognised in the fjnancial statements.
DungRven Community Pre-school Playgroup Company Limited by Guarantee Notes to the Financial Statements (coNlinued) Year ended 31 August 2024 Aceounling policies (conlinued) Fund accounting Unrestricted funds are available for use at the discretion of the tNstees in furtheranc¢ of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the tenns of an appeal. Incoming Resources All incoming resources are included in the stalement of financial activities when th¢ charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to part'icular categories of income.. Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific perfonnance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Investment income is includ¢d when receivable. Incoming resources from charitable trading activity are accounted for when earned. Incoming resources from grants, wh¢re related to p¢rfonnance and specific deliverables, are accounted for as the charity earns the right to consideration by its perforniance. Resourtes expended Expenditure is recognised on an accrual basis as a liability is Incu¢d. Expendithre includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates: Costs of generating funds comprise the costs associated with attracting voluntary income and costs of trading for fundraising pury)oses. 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. Governance costs include those costs associated with me¢ting the constitutional and statutory Tequirements of the charity and include the audit fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories of the SOFA on a basis d¢signed to reflect the use of the resource. Tangible assets All fed assets are initially recorded at cost.
Dungiven Community Pre-school Playgroup Company Limited by Guarantee Notes to the Financial Statements fconlinued) Year ended 31 August 2024 Accounting policies (contilled} Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less it5 residual value, over the useful economic life of that asset as follows: Equipment 15 % reducing balance Impairment of fixed assets A review for indicators of impairnient is cattied out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired ac¢oTdingly. Prior impairnients are also reviewed for possible reversal at each reporting date. For the purposes of impairnient testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimat¢ is made of the recoverable amount of the cash-generating unit to which the asset belon&FS. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impaiment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. FAnanelal Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of th¢ instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or receiv and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otheise be measured r¢liably> the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investsnents are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond nonnal business tern]s or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present valu¢ of the futur¢ payments discounted at a market rate of interest for a similar debt instrument. Other financial instrnments are subsequently measured at fair value, with any changes recognised in the statem¢nt of flllancial activities, with the exception of hedging instruments in a d¢signat¢d hedging relationship.
Dungiven Community Pre-school Playgroup Company Limited by Guarantee Notes to the Financial Statements (condnmed) Year ended 31 August 2024 Accounting policies (conlinued) Financial instruments (collllK14ed) Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of llnpaimient, an impaimient loss is recognised under the appropriate heading in the statement of fmancial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairnient. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impaiirnent are recognised immediately, to the extent that the reversal does not result in a caryii)g amount of the financial ass¢t that exrecds what the carrying amount would hav¢ been had the impainnent not pr¢viously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related Service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a c&sh refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the persod in which it arises, Llmlted by guarantee The company is limited by Guarantee and does not have a share capital. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Voluntary Contributions WELB Grants receivable 6,823 49,565 6,661 6,823 49,565 6,661 63,049 63,049 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Voluntary Contributions WELB Grants receivable 1,956 37,818 12,518 1,956 37,818 14,382 1,864 52,292 1,864 54,156
Dungiven Community Pre-school Playgroup Company Limited by Guarantee Note5 to the Financial Statements (continued) Year ended 31 August 2024 Investment income Unrestricted Total Funds Funds 2024 Unrestricted Total Funds Funds 2023 Bank interest receivable Other ineome Unrestricted Total Funds Funds 2024 Unrestricted Total Funds Funds 2023 Milk 68 68 265 265 Expenditure on charitable activxties by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Support costs 64,928 64,928 Unrestricted Funds Restricted Total Funds Funds 2023 Support costs 68,622 1,864 70,485 Expenditure on charitable activities by activity type Tolal funds 2024 Total fitnd 2023 Support costs Governance costs 64,928 64,928 70,485 10. Net expendlture Net expendlture is stated after chargingl(crediting): 2024 2023 Depreciation of tangibl¢ fix¢d assets 1,516 ,784 I l. Indepcndent examination fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements lJ80 1,680 io
Dungiven Community Pre-school Playgroup Company Limited by Guarantee Notes to the Financial Statements (c&ntilluedJ Year ended 31 August 2024 12. Staff costs The total staff costs and employee ben¢fits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Employer contributions to pension plans 50,295 617 55,156 567 50,912 55,723 The average head count of employees during the year was 3 (2023: 3). The average number of full-time equivalent employees during the year is analysed as follows: 2024 2023 Number of trustees Number of playgroup staff li No employee received employee benefit5 of more than £60,000 during the year (2023: Nil). 13. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity OT a related entity were received by the trustees. 14. Tangible fixed assets Land and buildings Equipment Total Cosl At I September 2023 and 31 August 2024 Depreciation At I September 2023 Charge for the year At 31 August 2024 Carrying amount At 31 August 2024 At 31 August 2023 47,158 21,223 68,381 11,116 1,516 11,116 1,516 12,632 12,632 47,158 8,591 55,749 47,158 10,107 57,265 15. Creditors: amounts falling due within one year 2024 2023 Accruals and def¢ed income 1,636 2,872 li
Dungiven CommunRty Pre-school Playgroup Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 August 2024 16. Pensions and other post retirement benefils Defined eontribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £617 (2023: £567). 17. Analysis of charitable funds Unrestricled funds At I September 2 023 At 31 August 202 Income Expenditure Gen¢ral funds 81,063 63,125 (64,928) 79,260 At I September 2 022 At 31 August 202 Income Expenditur¢ General funds 97,123 52,561 (68,622) 81,062 18. Analysis of net asset5 between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than l year et assets 55,749 25,147 (1,636) 79,260 55,749 25,147 (1,636) 79,260 Unr¢stri¢ted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors le55 than l year Net assets 57,265 26,670 (2,872) 57,265 26,670 (2,872) 81,063 81,063 12
Dungiven Communlty Pre-school Playgroup Company Limited by Guarantee Management InformatAon Year ended 31 August 2024 The following pages do not form part of the financial statements. 13
Dungiven Community Pre-school Playgroup Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 August 2024 2024 2023 Income and endowmenÉs Donations and legacies Voluntary Contributions WELB Grants receivable 6,823 49,565 6,661 1,956 37,818 14,382 63,049 54,156 Investment income Bank interest rec¢ivable Other income Milk 68 265 Total income 63,125 54,425 Expendilure Expendilure on charitable activities Wages and salaries Pension costs Establishment costs Accountancy fees Membership fees Outings, food, and general expenses Depreciation Oth¢r interest payable and similar Gharges 50,295 617 4,602 1,440 2,133 4,229 1,516 96 55,156 567 5,379 1,380 1,431 4,706 1,783 83 64,928 70,485 Totvdl expenditure 64,928 70,485 Net expenditure (1,803) (16,060) 14
Dungiven Commllnity Pre-school Playgroup Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 August 2024 2024 2023 Expenditure on charitable activities Governance costs Governanc¢ costs - wageslsalaries Governance costs - pension costs Governance costs - Establishment costs Governance costs - accountancy fees Governance costs - Membership Fees Governance costs - Outings, Food & General Expenses Governance costs - depreciation Governance costs - Interest payable & other charges 50,295 617 4,602 1,440 2,133 4229 1,516 96 55,156 567 5,379 1,380 1,431 4,706 1,783 83 64,928 70,485 Expenditure on ¢haritable activities 64,928 70,485 15
Dungiven Community Pre-school Playgroup Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 August 2024 2024 2023 Income and endowments Donations and legacies Voluntary Contributions WELB Grants receivable 6,823 49565 6,661 1,956 37,818 14,382 63,049 54,156 Investment ineome Bank interest receivable Other Income Milk 68 265 Total ineome 63,125 54,425 Expenditure Expenditure on charitable actlvitles Wages and salaries Pension costs Establishment costs Accountancy fees Membership fees Outings, food, and general expenses Depreciation Other interesi payable and similar charges 50,295 617 4,602 1,440 2,133 4,229 1,516 96 55,156 567 5,379 1,380 ,431 4,706 1,783 83 64,928 70,485 Total expenditure 64,928 70,485 Net expenditure (1,803) (16,060) 14
Dungiven CommllnRty Pre-school Playgroup Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 August 2024 2024 2023 Expenditure on charitable Activities Governance Costs Governance costs - wageslsalaries Governance costs - pension costs Governance costs - Establishment costs Gov¢rnance costs - accountancy fees Governance costs - Membership Fees Governance costs - Outings, Food & General Expenses Governance costs - depreciation Governance costs - Interest payable & other charges 50,295 617 4,602 1,440 2,133 4229 1,516 96 55,156 567 5,379 1,380 1,431 4,706 1,783 83 64,928 70,485 Expenditure on charitable activities 64,928 70,485 15