## **PlaySchule** ## **Report and Accounts** **for the year ended 31 August 2024** |**PlaySchule**|| |---|---| |**Reports and accounts**|| |**Contents**|| |**Trustee Committee and Other Information**|**3**| |**Trustee Committee’s Report**|**4**| |**Statement of Trustees’ Responsibilities**|**5**| |**Independent Examiner's Report**|**6**| |**Statement of Financial Activities**|**7**| |**Balance Sheet**|**8**| |**Accounting Policies and Notes to Financial Statements**|**9-11**| ## **PlaySchule** ## **Trustee Committee and Other Information** ## **Trustees Committee** Dana Rice (Chairperson) Alan McCay (Treasurer) James McCartney ## **Bankers** Lloyds Bank Birmingham OSC 4, Ariel House Sheldon B26 3JW ## **Independent Examiner** Stephen Cox 32 College Glen Derry BT48 8PX ## **Registered office** St Columbs Park House 4 Limavady Road Derry BT47 6JY ## **Charity Number** 107244 ## **PlaySchule Trustee Committee’s Report** for the year ended 31 August 2024 The Trustees' committee presents their report and the financial statements for the year ended 31 August 2024. ## **Objectives** Our aim is to foster activities within Derry City and its adjacent areas in the North West of Ireland by providing and maintaining resources dedicated to enhancing social skills among the youth and raising awareness across the community, without regard for disability, sexual orientation, nationality, ethnic background, or political and religious beliefs, intending to better life conditions. Specifically, our objectives are: (1) To educate and support individuals aged 11 to 25 within the designated area through physical and mental activities, focusing on developing and enhancing their social skills to foster awareness and understanding. (2) To cultivate emotional intelligence among these individuals through activities and collaborations that span different communities, emphasising the growth of self-awareness, self-management, social awareness, and relationship skills, thereby aiding them in maturing fully as individuals and contributing citizens to better their living conditions. ## **Public Benefits and What We Do** The tangible benefits arising from our mission encompass an enhanced self-awareness, encapsulating an understanding of one’s strengths, weaknesses, thoughts, beliefs, motivations, and emotions; the fostering of positive, mature, and meaningful relationships; an elevated appreciation and respect for diverse communities; active engagement in community outcomes; and a diminished sense of isolation among “at-risk” youths. These benefits are verified through feedback from participants, instructors, and community welfare experts, alongside regular evaluations of our services conducted by independent entities. In delivering resources and services to our beneficiaries, we must remain aware of any unintended consequences from our activities, ensuring that the positive impact significantly surpasses any potential harm. Our primary recipients are young individuals aged 11 to 25 residing in Derry City and its neighbouring regions in the North West of Ireland. ## **Results** The deficit for the year amounted to £10,502 (2023 - £3,833 surplus). The committee members are satisfied with the progress and will continue into the next financial year. ## **Trustees Committee Membership** The following people served on the Trustee Committee during this year: Dana Rice (Chairperson) Alan McCay (Treasurer) James McCartney This report was approved by the Trustee Committee and signed on its behalf by: **----- Start of picture text -----**
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Dana Rice (Chairperson)
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Alan McCay (Treasurer)
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Date: 15/04/2025 ## **PlaySchule Statement of Trustees’ Responsibilities** The charity's trustees are responsible for preparing an annual trustee's report and financial statements in line with relevant legislation and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). According to the charity's constitution, the trustees must compile financial statements annually. These statements must accurately and fairly reflect the charity's financial condition, as well as detail the incoming resources and how they are applied, encompassing both the income and expenditure of the charity for that specific period. In the process of preparing the financial statements, the trustees must: - Choose appropriate accounting policies and apply them consistently throughout the financial statements. - Adhere to the guidelines and principles outlined in the Charities Statement of Recommended Practice (SORP). - Make judgements and estimates that are both reasonable and prudent in the context of the charity's operations and financial status. - Declare any UK accounting standards that have been adhered to, noting any significant deviations which must be disclosed and justified within the financial statements. - Compile the financial reports under the assumption of a going concern, except in cases where it becomes reasonable to believe that the charity will not continue its operations. The trustees hold the duty of maintaining accurate accounting records that, at any point, reasonably reflect the charity's financial status and ensure the financial statements are in accordance with applicable laws and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Their responsibilities also extend to protecting the charity's assets and implementing adequate measures to prevent and identify fraud and other irregularities. Furthermore, trustees are accountable for preserving the integrity of the charitable and financial information on the charity’s website. It is important to note that the legal requirements governing the preparation and distribution of financial statements in the United Kingdom may vary from those in other jurisdictions. ## **Statement as to disclosure to the independent reviewer:** In so far as the trustees are aware at the time of approving our trustees' annual report: - there is no relevant information, being information needed by the independent examiner in connection with preparing their report, of which the independent examiner is unaware, and - the trustees, having made enquiries of fellow trustees and independent examiners that they ought to have individually taken, have each taken all steps that they are obliged to take as a trustees to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information. By order of the board of trustees ……………………………... Dana Rice (Chairperson) Date: 15/04/2025 ## **Independent Examiner's Report to the Trustees of PlaySchule** ## **Independent Examiner's Report to the Trustee Committee of Playschule** I report on the accounts of PlaySchule for the year ended 31 August 2024, which are set out on pages 7 to 11. ## **Respective responsibilities of the trustees and examiner** As the charity's trustees, you are responsible for preparing the accounts in alignment with the Charities Act (Northern Ireland) 2008. My duties entail: - Conducting an examination of the Accounts under Section 65 of the Charities Act. - Adhering to the procedures established in the general directions provided by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. - Reporting whether specific matters have been brought to my attention. ## **Basis of Independent Examiner's Report** I have examined your charity's accounts to ensure they comply with Section 65 of the Charities Act. This examination adhered to the general directions provided by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The scope of this examination encompassed an evaluation of the accounting records maintained by the charity and a comparison of the presented accounts against these records. Additionally, the examination involved an assessment of any unusual items or disclosures within the accounts and soliciting explanations from you, as charity trustees, regarding any such findings. My responsibility is to determine whether there have been any material matters brought to my attention that would lead me to believe: 1. That the accounting records have yet to be maintained in accordance with Section 63 of the Charities Act. 2. That the accounts presented do not align with those accounting records. 3. That the accounts fail to meet the accounting standards stipulated by the Charities Act. 4. That additional information is necessary to achieve a comprehensive understanding of the accounts. This is in reference to CCNI ARR07 - supporting document dated 11 August 2016. ## **Independent Examiner's Statement** Upon completing my audit concerning the entity, including evaluating the practices and methodologies employed, I have not observed any material discrepancies warranting concern. Through the audit procedures executed and examining the available records, I possess adequate evidence to conclude that the financial statements provide an accurate and fair view of the charity’s financial position. Furthermore, no additional matters necessitating attention have come to light. _____________ ## **Stephen Cox** 32 College Glen Derry BT48 8PX 15 April 2025 ## **PlaySchule** ## **Statement of Financial Activities** for the year ended 31 August 2024 |**Note**
**Income**
Donations
**4**
Gift Aid
Grant
Services
**Administrative Expenses**
**Expenditure**
Facilities
Telephone & Internet
Admin and office costs
Equipment and electronics
Travel and subsistence
Printing, postage and stationery
Professional and consultancy fees
Staff training
Project-related costs
**2**
Wages and salaries
Bank Charges
Sundry expenses
Loan repayments
**Net (expenditure) and net movement in funds in year**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
**All amounts relate to continuing operations**|**Restricted**
**Funds**
**Unrestricted**
**Funds**
-
20,545
-
35,602
-
2,500
-
-
-
58,647
-
2,288
-
360
-
1,525
-
3,887
-
1,569
-
611
-
300
-
3,390
-
48,510
-
4,227
-
37
-
835
-
1,610
-
69,149
-
69,149
-
(10,502)
-
19,228
-
8,726|**2024**
**£**
20,545
35,602
2,500
-
58,647
2,288
360
1,525
3,887
1,569
611
300
3,390
48,510
4,227
37
835
1,610
69,149
69,149
(10,502)
19,228
8,726|**2023**
**£**
72,000
-
12,190
3,308| |---|---|---|---| ||||87,498| ||||3,019
205
1,952
13,061
1,678
885
2,137
-
39,821
16,641
42
968
3,256| ||||83,665| ||||| ||||83,665| ||||3,833
15,395| ||||19,228| ||||| **The statement of financial activities includes all gains and losses recognised in the year.** ## **PlaySchule Balance Sheet** as of 31 August 2024 |**Note**
**Current assets**
Cash at the bank and in hand
**6**
**Creditors: amounts falling due within one year**
**3**
**Net current (liabilities)/assets**
**Net (liabilities)/assets**
Fund Account
**Total Funds**|**2024**
**£**
8,726
(17,346)
(8,620)
(8,620)
(8,620)
(8,620)|**2023**
**£**
19,228
(18,750)| |---|---|---| |||478| |||478| |||478| |||478| On behalf of the Trustee Committee, we endorse these financial statements and affirm that all pertinent records and information have been provided for their preparation. The trustees have compiled the accounts in compliance with Section 130(1) of the Charities Act 2011. **----- Start of picture text -----**
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Dana Rice (Chairperson)
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Date: 15/04/2025 ## **PlaySchule Accounting Policies and Notes to financial statements** for the year ended 31 August 2024 ## **1. Accounting policies** ## **Basis of preparation** The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## a) Basis of preparation The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland. The entity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## b) Reconciliation with the previous Generally Accepted Accounting Practices In preparing the accounts, the trustees have considered whether, in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102, no material restatement of comparative items was needed. ## c) Preparation of accounts on a going concern basis The trustees believe that the ongoing monitoring of income and measures taken after year-end to manage operating costs and focus on income recreation have secured the immediate future of the entity. The entity also maintains high levels of goodwill from the local community, having secured funding from various sources and currently has a number of fundraising activities planned for the coming twelve to eighteen-month period. ## **Cash flow statement** The entity has availed of the FRS 102 Section 7 exemption from the requirement to produce a cash flow statement. Income comprises the various income streams detailed in the Statement of Financial Activities and is recognised when received. ## **Government Grants** Grant income is recognised in income when received. ## **PlaySchule** ## **Accounting Policies and Notes to financial statements** for the year ended 31 August 2024 ## **2. Project Costs** |Project - Daisy North
Project - Front Matter
Project - Inside Out Programme
Project - Spring To Sports
**3. Creditors**
Government Bounce Back Loan|**2024**
**£**
-
19,183
21,551
7,776
48,510
**2024**
**£**
17,346
17,346|**2023**
**£**
4,258
15,862
16,172
3,529
39,821
**2023**
**£**
18,750| |---|---|---| |||18,750| Per the Government Bounce Back Loan Scheme agreement, no repayments are due in the first twelve months from the drawdown date. In addition, the government will meet all related fees and interest charged in the same period. After the first twelve months, interest is calculated monthly at 2.5% per annum. ## **4. Fund Account** |Surplus/ (Deficit) for the financial year
Opening Total funds
Closing Total funds|**2024**
**£**
(10,502)
19,228
8,726|**2023**
**£**
3,833
15,395| |---|---|---| |||19,228| ## **5. Prior Period Error Correction** During the preparation of the 2024 financial statements, it was identified that 'Cash at bank and in hand' had been overstated by £17,532 in both the 2022 and 2023 financial statements due to computational error in bank reconciliation entries. This error has been corrected retrospectively in accordance with Section 10 of FRS 102, with the following impacts: |**Item Affected**|**2023**
**Reported**|**2023**
**Restated**|**2022**
**Reported**|**2022**
**Restated**|**Adjustment**| |---|---|---|---|---|---| ||**£**|**£**|**£**|**£**|**£**| |**Current assets**|||||| |Cash at the bank and in hand|36,760|19,228|32,927|15,395|(17,532)| |**Creditors: amounts falling due within one year**|(18,750)|(18,750)|(21,528)|(21,528)|-| |**Net current (liabilities)/assets**|18,010|478|11,399|(6,133)|(17,532)| |**Net (liabilities)/assets**|18,010|478|11,399|(6,133)|(17,532)| |Fund Account|18,010|478|11,399|(6,133)|(17,532)| |**Total Funds**|18,010|478|11,399|(6,133)|(17,532)| The correction is recognised in equity and has no effect on the 2024 statement of comprehensive income. ## **6. Cash and Cash Equivalents** The 2023 comparative balance has been restated downward by £17,532 to rectify a computational overstatement arising from manual reconciliation errors in prior periods. The 2024 balance reflects verified bank records following this adjustment.