# **Lavey Early Years Playgroup** 

# **REPORT AND FINANCIAL STATEMENTS** 

**for the year ended 31** st **August 2023** 

**Charities Number:** 

**NIC105257** 

1 



Lavey Early Years Playgroup
ST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
Contents
Pages
References and administrative details of the Charity
Trustees. Annual Report
Independent Examiners Report to the Trustees
Statement of Financial ActivÉties
Balance Sheet
Notes to the Financial Statements
9-13

## **Lavey Early Years Playgroup - Trustee's Annual Report for the year ended 31 st August 2023** 

The Trustees present their Annual Report and Financial Statements for Lavey Early Years Playgroup for the year ended 31 st August 2023. 

## **References and Administrative Details** 

**Charity Name:** 

Lavey Early Years Playgroup 

NICI 05257 **Charity Registration Number: Principal Address/Registered Office:** 63a Mayogall Road Knockloughrim Magherafelt BT45 8PG 

## **Trustees** 

The trustees who served during the year are as follows: 

**Chairperson:** Leona Larkham **Vice-Chairperson:** Susan McCloy **Secretary:** Lorraine Young **Treasurer:** Kelley Holleran **Vice-Treasurer:** Kate O'Neill 

## **Committee Members** 

Oonagh McCloy Glenda Kerr Angela Hearty Joanne McMullan Margaret Mary O'Neill Maeve Duggan 

3 



Objectives & Activities
Lavey Early Years Group provide a local facility that children before the age for statutory
education can come together to play> to learn, to be motivated, to mix with other children from
the same district and learn the social skills that will be required when they go to school.
The parents of these children will also benefit in that they have an excellent local facility where
their children will be looked after by experienced staff where they will be in a safe and healthy
environment close to their own homes therefore doing away with the need for transport in a very
rural area near Lavey. Young parents are encouraged to remain and to live locally because there
is such a facility close to them.
The benefits can be measured by the number of children attending the facility, the number of
parents supporting the facility and the number of local peopIe participating in the events laid on
for the pre-school by the Group. It also can be measured by the attitudes and levels of satisfaction
expressed by the parents and the children themselves to the activities promoted by the playschool.
The organisation manages the day to day rLu￿1ng of the activities of Lavey Early Years Group. It
works closely with the playgroup leaders, the parents, the children, the Department of Health
Services and the Early Years specialists to cn5ure that children are not only looked after but also
encouraged to enjoy play, education and exploration.
The Trustees eiicourage the playgroup leaders to stimulate the children with a variety of trips and
outings but also to ensure that the staft are highly motivated, highly qualified so that parents can
feel easy about leaving children in their care. The Trustees also act as fundraisers by seeking
grants or organising local activities supported by the community to ensure that the pre-school can
continue to survive into th¢ future.
Achievement5 & Performance
During the year extra funds were raised via Photo Commission and a Christmas Raffle.
At the end of the school year the Playgroup staff and children went on a trip to Portn]sh.
Compliance with Public Benefit
The Charity has given careful consideration to the Charity Commission for Northern Ireland's
guidance on public benefit to ensure that the activities entered into during the year have helped
to achieve the Charity's objectives and activities, as well as providing public benefit.
Funds held as custodiall trustee on behalf of otbers
The charity holds no funds as custodian trustees on behalf of others.

Financial Review
st
Total Income (£88,017) for the year ended 31 August 2023 was more than Total Expenditure
(£87,966) by £51 increasing the total cash funds held from £20,304 to £20,355. (Pages 7&8).
Cbaritable Purposes
To promote play based learning environments for all children of the area served without
distinction of age, gender, marital status, disability, sexual orientation, nationality, ethnic
identity, political or religious opinion, by associating the statutory authorities, community and
voluntary organisations and the inhabitants in a common effort to advance education. and in
particular:
To advance the education of the beneficiaries by the provision of safe and satisfying
group play, with the right of parents/carers to take responsibility for and to become
involved in the activities of the group. and to promote the preservation of health of the
beneficiaries; and
To support the values and principles of Early Years.
Structure, Governance and Management
Lavey Early Years Playgroup is a Registered Charity and is governed by the tenns of its
constitution, which was adopted by the membership on 17 May 2016. Lavey Early Years
Playgroup is registered with the Charity Commission and is placed on the Northern Ireland
th
register of charities from 14 July 2016.
The objectives and activities of the Charity are administered by a Management Committee,
which shall consist of not less than five nor more than twelve members. which includes the three
honorary officers being Chal￿erson, Secretary and Treasurer. The members are elected at the
5t
Annual General Meeting which is held no later than l November each year.
Approved by the trustees on the 5th July 2024 and signed on their behalf by:
oklAIV
Leona Larltham
Chair
Lorraine Young
Secretary

Independent examiner's report to the charity trustees of Lavey
Earley Years Playgroup
st
I report on the accounts of the Trust for the year ended 31 August 2023, which are set out
on pages 7 to 8.
Respective responsibilities of charity trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance
with the Charities Act (Northem Ireland) 2008.
It is my responsibility to:
Examine the accounts under section 65 of the Charities Act
Follow the procedures laid down in the general directions given by the Commission
under section 65 (9) (b) of the Charities Act
State whether particular matters have come to my attention.
Basis of independent examiner's report
I have examined your charity accounts as required under section 65 of the Charities Act and my
examination was carried out in accordance with the general directions given by the Charity
Cominission for Northern Ireland under section 65 (9) (b) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a
preparation of the accounts from those records. It also included consideration of any unusual
items or disclosures in the accounts, and seeking explanations from you as charity trustees
concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to
believe:
l. That accounting r¢cords were not kept in accordance with section 63 of the Charities Act
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of the Charities Act
4. That there is further inforn]ation needed for a proper understanding of the accounts to be
reached
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters I to 4 listed above
and, in connection with the following the Directions of the Charity Commission for Northern
Ireland, I have found no matters that require drawing to your attention.
Signed:
Name: Seamus O'Neill FCA
Weir & Co. Chartered Accountants, 23 High Street, Moneymore, BT45 7PA.
Date: 5th July 2024

Lavey Early Years Playgroup
ST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
STATEMENT OF FINIINCIAL ACTIVITIES
Note
Unrestricted Restricted
Funds
Funds
Total
2023
Total
2022
Incomin
Resources
Incoming resources from generated
funds
Grants & Donations
Total incoming resources
6,578
6,578
5,808
76,638
83,216
4,801
4,801
81,439
88,017
74,762
80,570
Resources Ex
ended
Support costs in fijrtherance of the
objeknts of the chartty
Governaiice Costs
Total resources expended
84,861
1,521
86J82
93,847
1,584
86,445
1,584
87,966
1,410
95,257
1,521
Net movement in funds
3,229
3.280
51
(14,687
Reconciliation of funds
Total funds b/fwd @ 0110912022
Total funds c/fwd @ 3110812023
20,304
17,075
20,304
20,355
34,991
20.304
3,280
The amounts above relate to continuing operation of the charity.
Total recognised gains and losses
The company has no recogntzed gains or losses other than those included above and therefore no
separate statement of total recognized gains and losses has been presented.
There is no difference between the retained surylus for the year stated above and its historical
cost equivalent.
The accompanying notes are an integral part of this income and expenditure account.

Lavey Early Years Playgroup
ST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
BALANCE SHEET
Note
2023
2022
Fixed assets
Tangible Assets
Total fixed assets
3,808
3,808
4,150
4,150
Current assets
Cash at bank and in hand
Debtors & Prepayments
Total current assets
26J04 29,290
461
26,304 29,751
Current Liabilities
Creditors: Amounts falling due within
one year
5211
9,744
5,211
9,744
Total Assets less Current Liabilities
24,901 24,157
Accruals and Deferred Income
4,546
3,853
Net Assets
20J55 20,304
The funds of the charity:
General funds
20,355 20,304
20J55 20,304
The financial statements on pages 7 to 13 were approved by the management committee on
5th July 2024 and signed on its behalf by:
oklAi&f
Leona Larkham
Chairperson
Lorraine Young
Secretary

Lavey Early Years Playgroup
st
Notes to the Financial Statements for the year ended 31 August
2023
Principle Accounting Policies
The following accounting policies have been applied consistently in dealing with items
which are considered material in relation to the charity, s financial statements.
(a) Basis of preparation
l. The accounts have been prepared on an accruals basis and include
income and expenditure as they are earned or incurred.
2. The recommendations of SORP (Accounting and Reporting by
Charities) has been followed in the preparation of these accounts.
(b) Incoming resources
Grants that relate to specific capital expenditure are treated as restricted
income which is credited to the Statem¢nt of Financial Activities when
receivedlreceivable. Revenue grants are credited to the Statement of
Financial Activities in accordance with the ternis of the grant. Donations
are included in the Statement of Financial Activities when receivable.
(c) Resources expended
Support costs in furtherance of the objectives of the charity
This represents all expenditure directly attributable to charitable causes.
Management and Administration
This includes all expenditure not directly allocated above. Overhead costs
have been attributed to the manageineiit and administration of the charity.
(d) Fixed Assets
Depreciation is calculated so as to write off the cost of an asset over the
useful economic life of that asset as follows:
Land & Buildings- 5 /v per annum
/0 reducing balance
Fixtures & Equipment- 150/
(e) Funds Structure
Restricted funds
Income receivable is eannarked by the donor for specific purposes. Such
purposes are within the ov¢rall aims of thc organization.

Unrestricted funds
Funds which are expendable at the discretion of the company in
furtherance of the objectives of the charity. In addition, funds may be held
in order to finance capital investment and working capital.
(f) Pensions
Existing employees of the charity are auto enrolled in the NEST pension
scheme unless they have exercised their right to opt out. The employer's
contributions made to the scheme in 2022123 was £1,290 (2021122:
£1,288) with an employer's contribution rate of 30/0 and an employee's
contribution of 5 /() of pensionable pay.
INCOMING RESOURCES
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Incomin
Incoinin
funds
Playgroup fees
Other income
Bank interest
Milk & Snack monies
Fundraising
Resources
reiources from
enerated
816
823
209
4,040
690
6,578
816
823
209
4,040
690
6,578
640
792
31
4,080
265
5,808
Grants & Donations
EA Grant
SEN Support Grant
Milk Gr￿lt
Pathway Fund Grant
Outdoor Learning Grant
Staff Training Grant
CCP Grant
75,816
75,816
68,034
4,365
402
822
822
4,463
4,463
1,000
500
461
74,762
338
4,801
338
81,439
76,638
Total Incoming Resources
83,216
4,801
88,017
80,570
10

RESOURCES EXPENDED
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Charitable Activities
Payroll Costs
EmployerNK Contributions
Employer Pension Contribution5
Staff Bonuses & Other Expenses
Student Lic¢nses
Early Years Subscription
Educational Materia15
Food & Sundries
Staff Training
Staff Unifornis
Repairs, Renewals & Cleaning
Insurance
Telephoiie
Heat & Light
Office & Admin Expenses
Subscriptioiis, Memberships &
Donations
Trips Expenditure
Sports Day Expenses
Sundry Expenses
Bank & Credit Card fees
Depreciation
Amortisation
70.556
70,556
77,037
319
1,288
441
544
2,043
514
3,466
1,290
1,290
586
2,094
460
3,763
150
586
2,094
460
3,763
150
177
3,755
484
768
1,334
475
115
1,497
597
645
1,370
651
115
420
1,917
597
877
2,239
651
115
232
869
759
132
35
116
342
(297)
84,861
759
132
35
116
342
(297)
86,382
731
151
42
111
373
(321)
93,847
Total Payments
1,521
Governance Costs
Accountancy
1,584
1,584
1,410
Total iesources expended
86,445
1,521
87,966
95,257

MOVEMENT OF FUNDS
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Funds Reconciliation
Balance at 01.09.22
Net movcinent to 31.08.23
As at 31.08.23
20,304
3,229)
17,075
20,304 34,991
51 (14,687)
20,355 20,304
3,280
3,280
TANGIBLE FIXED ASSETS
Freehold Land
& BuAldings
Fixtures
Fittings &
Equipment
Totsl
Cost
As at I September 2022
Additions
As at 31 August 2023
3,300
1,571
4,871
3JOO
1,571
4,871
Depreciation
As at I September 2022
Charge for the year
As at 31 August 2023
330
165
495
391
177
568
721
342
1,063
Net Book Value
As at I September 2022
As at 31 August 2023
2,970
2,805
1,180
1,003
4.150
3,808
Debtors & Prepayments
2023
2022
CCP Grant Debtor
461
461
12

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Creditors
Credit Card
PAYE
Wages
3,934
2,926
1,020
257
5,211
1,008
5,802
9.744
ACCRUALS AND DEFERRED INCOME
2023
2022
Covid Grant Capital Expenditure
Accruals
3,556
990
4,546
3,853
3,853
13