REGISTERED COMPANY NUMBER: 641147 (Northern Ireland) REGISTERED CHARITY NUMBER: 106346 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for Ballinascreen Earl Years W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG
Ballinascreen Earl Years Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 9 to 15 Detailed Statement of Financial Activities 16
Ballinascreen Earl Years ort of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims Ballinascreen Early Years aims to provide high quality care and education for children and a secure foundation for learning in an encouraging and nurturing environment, where there is an equality of opportunity and support for all and where staff and parents or carers work in close partnership. These aims are promoted through our key policies:. Unique Child, Positive Relationships, Enabling Environments, Learning & Development, Safeguarding & Welfare and further development. Activities will be planned in advance in order to meet the curriculum and children's specific needs. Continue to apply for grants to help with running costs etc. Continued communication with other professionals to exchange ideas and improve skills and continued professional development of staff. Public benefit Ballinascreen Early Years is a Pre-school Education Centre for children aged 3-5 years from all abilities and backgrounds. We deliver the highest standard of pre-school education through our experienced and highly trained staff, who come from different community backgrounds. Our active learning programme help develop children's personal, social and emotional skills. A friendly and fun environment help children interact with others:. role play, games, reading, pictures and language are just some of the activities the children enjoy. The children's spirit of enquiry and openness to learning is developed at all levels with individual plans to meet individual needs. This year we had 26 preschool children and 30 children in our sunshine room. It was great to see them develop their educational and personal skills over the year. There continues to be no private gain to any individual member. In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. Page 1
Ballinascreen Earl Years Re ort of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW Financial position Funds 31.3.24 £74,527. (31.3.23 £79,716). Deficit in the year of £5,189. (31.3.23 surplus £11,761) Strong financial controls are in place to ensure eff icient use of cash resources and meeting every day costs etc. There is no reserves policy. Funds remain in a positive position. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Weekly meetings are held with management and staff to plan the flow of work and given tasks etc. Feedback controls with staff and parents are maintained. Monthly meetings of the trustees and senior management take place to discuss the direction of the organisation, finances, funding,risks and other issues. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 641147 (Northern Ireland) Registered Charity number 106346 Registered off ice The Business Park Tobermore Road Draperstown Derry BT45 7AG Trustees Georgina Grieve Patrick Mcshane (resigned 19.12.23) Alexandra Larkin Andrew Mccutcheon (resigned 18.4.24) Claire Murphy (appointed 5.7.24) Company Secretary Page 2
Ballinascreen Earl Years Re ort of the Trustees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner W McGillian W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG Bankers Ulster Bank 23 High Street Draperstown BT45 7AB Approved by order of the board of trustees on behalf by: i...o.//.-/z.+........... and signed on its Georgina Grieve - Trustee Pago 3
Inde endent Examiner's Re Ballinascreen Earl Years I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages six to fifteen. ort to the Trustees of Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, 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 Charity Commission for Northern Ireland under Section 65(9)(b} of the Charities Act state whether particular matters have come to my attention. Basis of the 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 Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with 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: That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities 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 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 (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. W McGillian W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG Page 4
Inde endent Examiner's Re Ballinascree Earl Years ort to the Trusteès of L4 Page 5
Ballinascreen Earl Years Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Activities 18,191 61,830 80,021 85,219 Other income 31 Total 18,191 61,830 80,021 85,250 EXPENDITURE ON Charitable activities Charitable Activities 23,566 61,644 85,210 73,489 NET INCOMEI(EXPENDITURE) Transfers between funds (5,375) 222 186 (5,189) 11,761 14 Net movement in funds (5,153) (36) (5,189) 11,761 RECONCILIATION OF FUNDS Total funds brought forward 79,680 36 79,716 67,955 TOTAL FUNDS CARRIED FORWARD 74,527 74,527 79,716 The notes form part of these financial statements Page 6
Ballinascreen Earl Years Statement of Financial Position 31 March 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 16,243 16,104 CURRENT ASSETS Debtors Prepayments and accrued income Cash at bank and in hand 10 6,091 5,463 55,565 59,294 61,656 64,757 CREDITORS Amounts falling due within one year (3,372) (1,145) NET CURRENT ASSETS 58,284 63,612 TOTAL ASSETS LESS CURRENT LIABILITIES 74,527 79,716 NET ASSETS 74,527 79,716 FUNDS Unrestricted funds Restricted funds 14 74,527 79,680 36 TOTAL FUNDS 74,527 79,716 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) Complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. The notes form part of these financial statements Page 7 continued..
Ballinascreen Earl Years Statement of Financial Position - continued 31 March 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: Georgina Grieve - Trustee The notes form part of these financial statem8nts Page 8
Ballinascreen Earl Years Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SOFIP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Plant and machinery 2 /. straight line on cost 209/0 on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 9 continued...
Ballinascreen Earl Years Notes to the Financial Statements - continued for the Year Ended 31 March 2024 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activity Charitable Activities Education Authority Playgroup fees & registrations NHSCT Grants CWSAN SEN 61,205 67,197 Charitable Activities Charitable Activities Charitable Activities Charitable Activities Charitable Activities 17,215 16,047 (21) 1,253 743 1,601 80,021 85,219 Grants received, included in the above, are as follows: 31.3,24 31.3.23 Brackagh Wind Farm DOH CPP 903 350 1,253 CHARITABLE ACTIVITIES COSTS Support costs (see note 4) Charitable Activities 85,210 SUPPORT COSTS Governance costs Charitable Activities 85,210 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 31.3.24 31.3.23 Depreciation - owned assets 1,044 1,174 Page 10 continued...
Ballinascreen Earl Years Notes to the Financial Statements - continued for the Year Ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Other pension costs 58,135 3,509 50,861 2,834 61,644 53,695 The average monthly number of employees during the year was as follows: 31.3.24 31.3.23 Manager Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr8Stricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Activities 16,025 69,194 85,219 Other income 31 31 Total 16,056 69,194 85,250 EXPENDITURE ON Charitable activities Charitable Activities 13,742 59,747 73,489 NET INCOME Transfers between funds 2,314 9,411 9,447 9,411) 11,761 Page11 continued...
Ballinascreen Earl Years Notes to the Financial Statements - continu8d for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted Total funds funds funds Net movement in funds 11,725 36 11,761 RECONCILIATION OF FUNDS Total funds brought forward 67,955 67,955 TOTAL FUNDS CARRIED FORWARD 79,680 36 79,716 TANGIBLE FIXED ASSETS Freehold propety Plant and machinery Totals COST At 1 April 2023 Additions 14,162 9,538 1,183 23,700 1,183 At 31 March 2024 14,162 10,721 24,883 DEPRECIATION At 1 April 2023 Charge for year 1,742 248 5,854 796 7,596 1,044 At 31 March 2024 1,990 6,650 8,640 NET BOOK VALUE At 31 March 2024 12,172 4,071 16,243 At 31 March 2023 12,420 3,684 16,104 10. DEBTORS 31.3.24 31.3.23 Amounts falling due within one year: Amounts falling due after more than one year: NEELB Debtor 6,091 5,463 Aggregate amounts 6,091 5463 Page 12 continued...
Ballinascreen Earl Years Notes to the Financial Statements - continued for the Year Ended 31 March 2024 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Social security and other taxes Accrued expenses 1,040 2,332 (419) 1,564 3,372 1,145 12. LOANS An analysis of the maturity of loans is given below". 31.3.24 31.3.23 Amounts falling due within one year on demand: Bank overdrafts 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Fixed assets Current assets Current liabilities 16,243 61,656 16,243 61,656 16,104 64,757 74,527 74,527 79,716 14. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 79,680 (5,375) 222 74,527 Restricted funds Education Authority DOH CPP 186 (186) 36) 36 36 186 222) TOTAL FUNDS 79,716 5,189) 74,527 Page 13 continued...
Ballinascreen Earl Years Notes to the Financial Statements - continued for the Year Ended 31 March 2024 14. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 18,191 (23,566) (5,375) Restricted funds Education Authority 61,830 (61,644) 186 TOTAL FUNDS 80,021 85,210) Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 67,955 2,314 9,411 79,680 Restricted funds Education Authority Halifax Foundation NHSCT HSCB Wages grant CWSAN DOH CPP (4,607) 8,668 (4,061) (1) (532) (1,000) (3,074) (743) 532 1,000 3,074 743 36 36 9,447 9,411 36 TOTAL FUNDS 67,955 11,761 79,716 Page 14 continued...
Ballinascreen Earl Years Notes to the Financial Statements - continued for the Year Ended 31 March 2024 14. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 16,056 (13,742) 2,314 Restricted funds Education Authority CWSAN Brackagh Wind Farm DOH CPP 67,198 743 903 350 (58,530) 8,668 743 (903) 36 69,194 59,747) 9,447 TOTAL FUNDS 85,250 73,489) 11,761 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 15
Ballinascreen Earl Years Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Charitable activities Education Authority Playgroup fees & registrations NHSCT Grants CWSAN SEN 61,205 17,215 67,197 16,047 (21) 1,253 743 1,601 80,021 85,219 Other income Other Income 31 Total incoming resources 80,021 85,250 EXPENDITURE Support Costs Governance costs Wages Pensions Insurance Light and heat Telephone Postage and stationery Accountancy and legal fees Food Rent Staff training Property Repairs & Maintenance Transport Bank fees Resource material and play eq Memberships Fire prevention Uniforms Freehold property depreciation Plant and machinery depreciation 58,135 3,509 1,517 2,099 100 15 1,632 3,007 3,983 634 2,570 260 153 4,579 1,222 102 649 248 796 50,861 2,834 655 2,253 338 198 1,114 1,946 3,983 1,558 136 3,955 1,599 885 253 921 85,210 73,489 Total resources expended 85,210 73,489 Net (expenditure)fincome 11,761 This page does not form part of the statutory financial statements Page 16
This page does not form part of the statutory financial statements Page 16