Lavey Early Years Playgroup REPORT AND FINANCIAL STATEMENTS for the year ended 31" August 2024 Charities Number: NIC105257 Lavey Early Years Playgroup ST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Contents Pages References and administrative details of the Charity Trustees, Annual Report Independent EX￿nInerS Report to th¢ Trustees Stateinent of Financial Activiti¢s Balance Sheet Not¢s to the Financial Stateinents 9-13 Lavey Early Years Playgroup - Trustee's Annual Report for the st year ended 31 August 2024 The Trustees present their Annual Report and Financial Statem¢Jits for Lavey Early Years Playgroup for the year elided 31" August 2024. References and Administrative Details Charity Name: Lavey Early Years Playgroup Charity Registration Number: NICI 05257 Principal Address/Registered Office: 63a Mayogall Road Knockloughrim Maghei'afelt BT45 8PG Trustees The trustees who served during the year are as follows: Chairperson: Leona Larkhainlcamel Milne Vice-chairperson: Susan McCloy/Katherine Dartnell Orozco Secretary: Lorraine YoungNiamh Hassan Vice-secretary: Imelda Keenan Treasurer: Kelley Holleranlshaunine Mccrystal Vice-Treasurer: Clara Scull ion/Agnieszka Dorrity Committee Members Oonagh Mccloy Glenda Kerr Angela Hegarty Joanne Mcmullan Maeve Duggan Kate O'Neill Margaret Mary O'Neill Davina Monaghan Maria McErlean Joanne McPeake Melissa Mccoy Elaine McFadden Objectives & Activities Lavey Early Years Group provide a local facil ity that children before the age for statutory education can come together to play, to leani, to be motivated, to mix with other children from the sain¢ district and leani 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 excelleiit local facility where their childi'en will be looked after by cxperieiiced 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 aiid to live locally because there is such a facility close to thein. 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 people 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 pareiits and the children themselves to the activities promoted by the playschool. The organisation manages the day to day running of the activities of Lavey Early Years Group. It works closely with the playgroup l¢adei's, the parents, the childreii, the Departsnent of Health Services and the Early Years specialists to ensure that childr¢ii ai¢ not only looked after but also encouraged to eiijoy play, education and exploration. The Trust¢¢s encourage the playgroup leaders to stimulate the children with a variety of trips and outings but also to ensure that the staff are highly motivated, highly qualified so that parents can feel easy about leaving childreii in their care. The Trustees also act as fundraisers by seeking grants or organising local activities supported by the conimunity to eiisure that the pre-school can continue to survive into the future. Achievements & Performance During the year extra funds were raised via Used Clothes Collection, Photo Corninission, Easy Fundraising, a Christmas Raffle and a May Day Bank Holiday Bonanza. Further funds were received via Pathway Fund Grant which were mainly used to fund the enhaiicement of the Forest Area and Membership of NI Forest School Association. At the end of the school year the Playgroup staff and children weiit on a trip to Portrush. Compliance with Public Benefit The Charity has given careful consideration to the Charity Commission for Northern Treland's guidance on public benefit to ensure that the actÉvities eiitered into during the year have helped to achieve the Charity's objectives and activities, as well as providing public benefit. Funds held as custodian trustee on behalf of others The charity holds no funds as custodian trustees on behalf of others. Financial Revieiv Total Income (£114,841) for the year ended 31" August 2024 was more than Total Expenditure (£99,535) by £15,306 increasing the total cash funds held from £20,355 to £35,661. (Pages 7&8). Charitable Purposes To promote play based learning environmeiits 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 statiitory 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 pareiitslcarers to take responsibility for and to becoine involved in the activities of the group. and to promote the preservation of health of the beiieficiaries. and To support the values and principles of Early Years. Structure, Governance and Management Lavey Early Years Playgroup is a Registered Charity and is govemed by the tenns of its th constitution, which was adopted by the Ineiiibership on 17 May 2016. Lavey Early Years Playgroup is registered with the Charity ComInission and is placed on the Northern Ireland th register of charities from 14 July 2016. The objebtives and activities of the Charity are administered by a Management Committee, which shall consist of not less than five nor more than twelve membei-s, which includes the three honorary officers being Cha1￿crson, Secretary and Treasurer. The members are elected at the Annual General Meeting which is held no later than I" November cach year. Approved by the trustees on the 16th June 2025 and signed on their behalf by: Carmel Milne Chair Niamh Hassan Secretary Independent examiner's report to the charity trustees of Lavey Earley Years Playgroup I report on the accounts of the Trust for the year ended 31st August 2024, 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 Charitics Act (Northern 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 mattel's 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 ac¢oi"dance with the general directions given by the Charity Commission for Northern Ireland under section 65 (9) (b) of the Charities Act. My examination included a review of the accounting records kept by th¢ 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 ¢xplanations from you as charity trustees concerning any such matters. My role is to state whether any materlal matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting r¢cords 3. That the accounts do not coiiiply with the accounting requirements of the Charities Act 4. That there is further information 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 Conimission for Northern Ireland, I have found no inatters that require di-awing to your attention. Signed: Name: Seamus O'Neill FCA Weir & Co. Chartered Accountants, 23 High Street, Moneymore, BT45 7PA. Lknb C Aeai Ici4- Date: 16th June 2025 Lavey Early Years Playgroup ST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 STATEMENT OF FINANCIAL ACTIVITIES Note Unrestricted Funds Restricted Funds Total 2024 Total 2023 Incomin Resources liicoming resources from generated funds Grants & Donations Total incoining resources 13,948 13,948 6,578 94,143 108,091 6,750 6,750 100,893 114,841 81,439 88,017 Resources Ex ended SLlPPOrt costs in furtli¢ranwe of the objects of the charity Governance Costs 92,415 5,218 97,633 86,382 1,902 94,317 1,902 99,535 1,584 87,966 Total resources expended 5,218 Nel movemellt in funds 13,774 1,532 15,306 51 Reconciliation of funds Total funds b/fwd @ 0110912023 Total funds clfwd @ 3110812024 17,075 30,849 3,280 4,812 20,355 35,661 20,304 20,355 The amounts above relate to continuing operation of the charity. Total recognised gains and losses The company has no recognized gains or losses other than those included above and therefore no separate statement of total recognized gains and losses has beeii preseiited. There is no differeiice between the retained surplus for the year stated above and its historical cost equivalent. The accompanying notes are an integral part of this income and expeiiditure account. Lavey Early Years Playgroup ST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 BALANCE SHEET Note 2024 2023 Fixed assets Tangible Assets Total fixed assets 4,112 4,112 3,808 3,808 Current assets Cash at bank aiid in hand Debtors & Prepayments Total current assets 39,226 26,304 39,226 26,304 Current Liabilities Creditors: Amounts falling due within one year (3,409) (5,211) (3,409) 5,211 Total Assets less Current Liabilities 39,929 24,901 Accruals and Deferred Income 4,268 4,546 Net Assets 35,661 20,355 The funds of the charity: Geiieral funds 35,661 20,355 35,661 20,355 The financial statements on pages 7 to 13 were approved by the management committee on 16th June 2025 and signed on its behalf by: Carmel Milne Chairperson Niamh Hassan Secretary Lavey Early Years Playgroup st Notes to the Financial Statements for the year ended 31 August 2024 Principle Accounting Policies The following accounting policies have been applied consistently in dealing with items which are considered Inaterial in relation to the charity's financial statements. (a) Basis of preparation l. The accounts have been prepared on an accnials basis and include inconie and expeiiditure as they are earned or incurred. 2. The reiommendations of SORP (Accounting and Reporting by Charities) has beeii followed in the preparatioii of these accounts. (b) Incoming resources Grants that relate to specific capital expenditure are treated as restricted incoine which is credited to the Stateineiit of Financial Activities when re¥eivedlreceivable. Revenue grants are credited to the Stateiiient of Financial Activities in a¥cordance with the ternis of the grant. Donations are included in the Stateiiient of Financial Activities when receivable. (c) Resources expended Support costs in furtherance of the objectives of the charity This i'epreients all expenditui-e directly attributable to charitable causes. Management and Administration This incliides all expenditure not direbtly allocated above. Overhead costs have been attributed to the management and administration of the charity. (d) Fixed Assets Depreciation is calculated so as to write off thc cost of an asset over the useful economic life of that aqset as follo￿S.. Land & Buildings- 50/0 per annum Fixtures & Equipment- 150/ /0 reducing balance (e) Funds Structure Restricted funds Inconie receivable is eai-marked by the donor for spe￿irl¢ purposes. Such purposes are within the overall aims of the organization. Unrestricted funds Funds which are expendable at the discretion of the coinpany 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 einployees of the charity are auto enrolled in the NEST pension schcine unless they have exercised their right to opt out. The einployer's contributions inade to the scheine in 2023124 was £1,436 (2022123: £1,290) with an employer's contribution rate of 3 /0 and an employee's contribution of 50/ /0 of pensionable pay. INCOMING RESOURCES Unrestrict¢d Funds Restrityted Funds Total 2024 Tolal 2023 Incomin Incomin funds Playgroup fees Other incoine Bank iiiterest Milk & Snack monies Fundraising Resources resourccs from enerated 800 1,121 487 4,520 7,020 13,948 800 1,121 487 4,520 7,020 13,948 816 823 209 4,040 690 6,578 Graiits & Doiiation EA Grant Milk Grant Pathway Fund Grant CCP Grant Donations 91,943 91,943 75,816 822 4.463 338 5,950 800 5,950 800 2,200 100,893 2,200 94,143 6,750 81,439 Total Incoming Resources 108,091 6.750 114,841 88.017 10 RESOURCES EXPENDED UnreslriLted Funds R¢striLted Funds Total 2024 Total 2023 Charitable Activities Pa>roll Costs Employer Pension Contributions Staff Boiiiises & Other Expenses Stiident Licenses Early Years Subscription Educational Materials Food & Sundries Staff Training Staff Unifomis Repairs, Renewals & Cl¢aDing Garden & Forest Expenses Insurance Telephone Heat & Light Office & Admin Expei)ses Subsiriptions, Meinberships & Doiiations Nl Forest Membership Fundraising Expenses Trips Expeiiditure Sports Day Expenses Sundry Expenses Bank & Credit Card fees Depreciation Amortisation Total Payments 75,844 1,436 370 75,844 1,436 370 526 3,125 937 3,890 59 70,556 1,290 526 586 2,094 460 3,763 150 3,125 500 3,890 59 437 428 500 1,669 928 1,669 657 922 3,365 731 61 1,917 657 636 2,565 731 61 597 877 2,239 651 115 286 800 1,000 1,000 1,000 661 104 35 225 366 278 97,633 1,000 661 104 35 225 366 (278) 92,415 759 132 35 116 342 (297) 86,382 5,218 Governance Costs Aciountaiicy 1,902 1,902 1,584 Total r¢souri¢S e.xp¢nd¢d 94,317 5,218 99,535 87,966 MOVEMENT OF FUNDS Unr¢btricted Funds Restricted Funds Tot21 2024 Total 2023 Funds Reconciliation Balanc¢ at 01.09.2i Net movenieiit to 31.08.24 As at 31.08.24 17,075 13,774 30,849 3,280 1,532 4,812 20,355 20,304 15,306 51 35,661 20,355 TANGIBLE FIXED ASSETS Freehold Land & Buildings Fixtures Fittings & Equipment Total Cost As at I Septeiiiber 2023 Additions As at 31 August 2024 3,300 1.571 670 2,241 4,871 670 3JOO 5,541 Depreciation As at I Septeillber 2023 Charge for the year As at 31 August 2024 495 165 660 568 201 769 1,06) 1,429 Net Book Value As at I Septeiiib¢r 2023 As at 31 August 2024 2,805 2,640 3,808 4,112 1,472 Debtors & Prepayments 2024 2023 Debtors 12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 Creditors PAYE Wages 1,997 1,412 3,934 1,020 257 5,211 3,409 ACCRUALS AND DEFERRED INCOME 2024 Covid Grant Capital Expenditure Accruals 3,278 990 4,268 3.556 990 4,546 13