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Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2023

Loughgall Pre-School Playgroup

Accounts for the year ended 30 June 2023

Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2023

Contents	PAGE
Information and professional advisers	1
Independent Examiners report	2
Income & Expenditure account	3
Balance Sheet	4
Notes to the Accounts	5 - 6

Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2023

Information

Leader

Address

Accountants

Bank

Mrs Lorna Glass

34A Ballygasey Road Loughgall Armagh BT61 8HY

JSR Chartered Accountants 44 Blackisland Road Annaghmore Portadown BT62 1NE

AIB 18-20 Scotch Street Dungannon BT70 1AZ

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Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2023

Independent examiner’s report to the charity members of ‘Loughgall Pre-School Playgroup’

I report on the accounts of the charity for the year ended 30[th] June 2023, which are set out on pages 3 to 6.

Respective responsibilities of charity trustees and examiner

As the charity’s members you are responsible for the preparation of the accounts in accordance with the Charities 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 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 Commission 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 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 members 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 63 of the Charities Act
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of the Charities Act
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.

Stacie Ross

Stacie Ross FCA, MIATI 44 Blackisland Road JSR Chartered Accountants Annaghmore Portadown BT62 1NE

11 December 2023

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Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2023

INCOME & EXPENDITURE ACCOUNT

INCOME Subscriptions and Enrolement Fees Early Years Income Fundraisers: Fundraising Fees Sponsored Toddle Uniform Income Sale of Photographs Sponsored Bike Ride Sale of Calenders Recycling Collection Auction Milk Rebate After School Club Grant Income EXPENSES Staff Wages and National Insurance Staff Pension Costs Toys and Equipment Rent Light & Heat Insurance Membership & Resources Purchases of Sweatshirts and uniforms Debutots Telephone Repairs and Maintenance Accountancy Bank Fees Printing, Postage and Stationery Training Course & Travel Expenses Supplies General Expenses Donation Depreciation Deferred Income (release of capital grant) Total Expenses Surplus	30 June 2023 £ 49,676 - 592 852 276 90 88 8 208 2,126 150 2,811 3,860 60,737 41,484 2,066 1,860 2,100 1,169 950 1,067 652 1,500 50 2,307 400 331 1,253 35 814 347 100 9,537 (7,361) 60,661 76 76	30 June 2022 £ 63,177 1,338 840 - 657 100 610 138 3,042 - 60 2,140 -
		72,102
		43,643 1,786 4,994 - 435 856 2,976 628 - 42 1,490 350 295 763 50 942 419 - 8,893 (6,967)
		61,595 10,507
		10,507

Approved by the Committee on .

And signed on their behalf by:

Kim Coulter

Mrs Kim Coulter Treasurer

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Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2023

BALANCE SHEET Position as at 30 June 2023

Notes: Fixed Assets Fixed Assets 2 Current Assets Cash at Bank & In Hand Debtors 3 Current Liabilities Sundry Creditors 4 Grant 5 Total Net Assets Capital and Reserves Balance B/fwd (Deficit) / Surplus for year	30 June 2023 £ 45,486 45,486 34,326 200 34,526 735 37,336 38,071 41,940 41,864 76 41,940	30 June 2022 £ 49,835
		49,835
		37,943 200
		38,143
		1,416 44,697
		46,113
		41,864 31,357 10,507
		41,864

The foregoing Income & Expenditure Account and Balance Sheet were approved by the committee on

Signed on behalf of the committee

Dean Forbes Mr Dean Forbes Chairperson

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Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2023

NOTES TO THE ACCOUNTS

1. Accounting Policies

The accounting policies adopted by the playgroup are set out below:

1.1 Cash flow statement

The playgroup has taken advantage of exemptions under Financial Reporting Standard No 1 and has not prepared a Cash Flow Statement

1.2 Value Added Tax

The playgroup is not registered for VAT.

1.3 Tangible Fixed Assets

Depreciation is provided at rates calculated to write off the cost or valuation less residual valuation of each asset over its estimated useful life, as follows:

Computer Equipment - Reducing balance over 5 years (20% pa) Building - Straight line over 15 years (6.67% pa)

1.4 Government Grants

Grants towards capital expenditure are released to the Income & Expenditure account over the expected useful life of the asset to which the grant relates.

2. Tangible fixed assets

Cost At 1 July 2022 Additions At 30 June 2023 Depreciation At 1 July 2022 Charge for period At 30 June 2023 Net book value at 30 June 2023 Net book value at 30 June 2022	Equipment Building Total £ £ £ 11,943 103,904 115,847 5,188 - 5,188
	17,131 103,904 121,035 4,074 61,938 66,012 2,611 6,926 9,537
	6,685 68,864 75,549
	10,446 35,040 45,486 7,869 41,966 49,835

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