Registered number N1037787 Charities Number NIC 105852 The Crow's Nest Community Playgroup Limited Report and Accounts 30 June 2022 The Crow's Nest Cornmunity Playgroup Limited Report and accounts Contents Page Directors, report Accounlanls. Teport Profrt and loss a￿OUnt Balanee sheet Slalement of changes in equity Notes to the accounts Foyle Foundation acknowledgement in note 1 The Crow's Nest Communlty Playgroup Limited Registered number: N1037787 Directors. Report The d1￿ctOrS present their report and accounts for the year ended 30 June 2022. Principal activiti9¥ The company's principal actimty during the year continued to be the enhancemanl. development and education of pr&sehool children by offering appropriate play facilities and sessional day care facilitr'es. During the year of trading the company made a profrt increasing reseNes. Directors The following persons sgrv9d as directors duTing the year. Mr David Condell Mrs Jacqueline Barr Mrs Olive Collins Gillian Pollock Small company provisions This report has been prepared in accordance wth the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on 5 December 2022 and signed on its behalf. Mr David Condell Dire￿Or The Crow's Nest Community Playgroup Limited Report to tha dir8ctor5 on tho preparation of tho unauditad statutory accounts of Th8 Crows Nest Communtty Playgroup Llmlted for the year ended 30 June 2022 In OTder to assist you to fulfil your duties under the Companies Act 2006. we have prepared for your approval the accounts of The Crow's Nest Community Playgroup Limited for the year ended 30 June 2022 which comprise of the Profrt and Loss Account, the Balants Sheet, the Slalement of Changes in Equty and the related notes from the company's accounting records and from infom)ation and explanations you have given us. As a praclising member firm of the Association of Charterwj Certffied Accounlanls. we are subject lo its ethical and other professional requirements which are detail￿ at http.'Ilrulebook.accaglobal.coml Our work has been undertaken in accordance with the requirements of the Association of Chartered Certrfied Accountants as detailed at http'.IthM.accaglobal.comlfactsh8e1163. David Wright Chartered Certified Accountants 89 Edenbane Road Garvagh Coleraine Londonderry BT51 5XE 30 November 2022 The Crow's Nest Community Playgroup Limited Profit and Loss Account for the year ended 30 June 2022 2022 2021 Turnover 65,959 87,690 Cost of sales 17,5971 14,4671 Gross profft 58,362 83,223 Administrative expenses 148,6341 147.5251 Operatlng proflt 9,728 35,698 Profit on ordlnary actlvlties beft)rg taxation 9,728 35,698 Tax on proff( on ordinary actNities Profit for the financial year 9,728 35,698 The Crow's Nest Community Playgroup Limited Registered number: N1037787 Balance Sheet as at 30 June 2022 Notes 2022 2021 Fixed assets Tangible assets Investments 57,980 21,178 79,158 12,563 58,917 71,480 Current assets Stocks Debtors Cash at bank and in hand 236 636 237 636 4,143 5,016 7,336 Creditors: amounts falling due withln one yoar {1,8141 Net current assets 5,522 5,016 Ng1 a$s9ts 84,680 76,496 Capital and reserves Capital Gr8nt Reserve Other Reserve Profit and loss account 4,622 10,025 70,033 6,166 10,025 60,305 Shareholder's funds 84,680 78,496 The directors are satisfied that the company ts entitled to exemption from the requirement lo obtain an audit under section 477 of the Companies Act 2006. The member has not required the company to obtain an audrt in accordance with section 476 of the Act. The directors ackn￿edge their responsibilities for Complwng wth the requirements of the Companies Act 2006 with respect to accounting rewrds and the preparation of accounts. The accounts have been prepared and delniered in accordance wth the special provisions applicable to companies subject to the small companies regime. The profit and Ios5 account has not been del￿e￿d to the Registrar of Companies. Mr Damd Condell Director Approved by the board on 5 December 2022 The Crow's Nest Community Playgroup Llmfted Statement of Changes in Equtty forthe year endod 30 June 2022 Share capital Capital Profit Grant valuation and loss reserve account Total At 1 July 2020 7,710 10,025 24,607 42,342 Proff( foT the financial year 35,698 35.698 Capital Grant Amortised {1,5441 11,544) At 30 June 2021 6,166 10,025 60.305 76,496 At 1 Juty 2021 6,166 10,025 60,305 78,496 PTofrt for the financial year 9,728 9,728 Capital Grant Amortised 11,5441 {1,S441 At 30 June 2022 4,622 10,025 70,033 84,680 The Crow's Nest Community Playgroup Limited Notes to the Accounts for the year ended 30 June 2022 1 Accounting policles Basis of preparntion The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Stsndard applicable in the UK and Republic of Ireland las applied to small entities by section 1A of the standard}. Tumover Turnover is measured at the fair value of the consideration received or ￿¢eNable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the signrficanl risks and rewards of ownership of the goods have transferred lo the buyer. Tumover from the rendering of services is recognised by reference to the stage of complotion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed lo date to the lotsl estimated contract ¢osls. The tumover figure for this year includes £5,000 from the Foyle Foundation. Intangible fixedassats Intangible f1xed assets are measured at cost less accumul8tive amorti$alion and any accumulatNe impaiment losses. Tangible flxed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impaimienl losses. Depreciation is PTowded on all tangible fixed assets, other than freehold land, at rates calculated lo write off the cost, less estimated residual value. of each asset evenly over its expected useful lffie, as folk)ws-. Land and buildings Plant and equipment 6 1 % Reducing balance 25% reducing balance Investments Investments in subsidiaries, associates and joint ventures are measured 81 cost less any accumulated impaimient losses. Listed investments are measured al fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliabty, in which case they a￿ measured al cost less any accumulated impairment losses. Changes in fair value are included in the profrt and loss account. Stocks Stocks are measured * the lower of cost and estimated selling Pri￿ less cos18 to complete and sell. Cost is deterrnined using the first in first out method. The carrying amount of stock sold is recognis￿ as an expense in the period in which the related revenue 15 recognised. Debtors Short term debtors are measured al transaction price (which is usualty the invoice pricel, less 8ny imp8iment losses for bad and doubtful debts. Loans and other fi'nancial assets are inf(ialty recognised at tron¥oct￿0n price includin9 any transaction costs and subsequently m8ssur6d at amortised cost determined using the effeclNe interest method, less any impainnent lo$se$ for bad and doubttul debts. The Crow's Nest Cornmunity Playgroup Limlted Notes to the Accounts for the year ended 30 June 2022 Credltors Short tem) creditors are measured at transaction price (which is Usual￿ the invoice pricel. Loans and other financial liabilfiies are inrtialty recognised al transaction price net of any transaction costs and subsequently measured al amortised cost detemiined using the effective interest method. raxation A current tsx liabilty is recognised for the tsx payable on the taxable proff( of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back lo recover lax paid in a previous period. Deferred tax is recognised in respeet of all liming drfferences be￿een the recognition of income and expenses in the financial statements and their inclusion in lax assessments. Unrelieved tax losses and other deferred lax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future tsxable proff(s. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment propety where the tax rale that applies lo the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions Provisions lie liabilities of uncertain liming or amount) are recognised when there is an obligation al the reporting date as a resutt of a past event, it is probable that economic benefft will be transferred to settle the obligation and the amount of the obligation can be esb'maled reliably. Foreign currency translation Transadions in foreign currencv&s are initially recognised at the r*e of exchange ruling at the date of the Iransaclion. At the end of each reportino period foreign eurrency monetary items are Iransl8led at the closing rate of exchange. Non-monetsry items that are measured at historical cost are translated al the rate ruling at the date of the transaction. All differences are charged to proff( or loss. Leased assets A lease is classifEd as 8 finance lease if (( transfers 5ubstantialty all the risks and rewards incidental lo ownership. All other leases are classrfied as operating leases. The rights of use and obltqalions under finance leases are initially recognised as assets and Itabil((ies al amounts equal to the fair value of the leased assets or, rf lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rale method. The finance charge is allocated lo each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance wrth the ¢ompanVs policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease temi. the asset is depreciated over the lower of the lease temi and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. Pensions Contributions to defined contribution plans are expensed in the period to which they relate. 2 Employees 2022 2021 The Crow's Nest Community Playgroup Limfted Detalled profit and loss account for the year ended 30 June 2022 2022 2021 Sales Sales 65,959 87,690 Cost of sales Other direct costs 7,597 4,467 Administratlve expenses Employee costs.. Wages and salaries Pensions Employer's Nl Staff training and welF2re 36,512 964 31,661 2,182 3,367 1,180 38,390 1.188 38.664 Premises costs-. Light and heat 3,422 3,422 1,010 1,010 General administrative expense5'. Telephone and fax Stationery and printing Bank charges Insurance Equipment expensed Repairs and maintenance Depreciation Sundry expenses 607 210 55 715 5,610 580 16461 334 7,525 207 67 836 919 2,599 5.398 Legal and professional costs- Accountancy fees 1,150 1,150 600 600 48.634 47,525