Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2024
Loughgall Pre-School Playgroup
Accounts for the year ended 30 June 2024
Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2024
| 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 2024
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 2024
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 2024, 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:
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examine the accounts under section 65 of the Charities Act
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follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act
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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:
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That accounting records were not kept in accordance with section 63 of the Charities Act
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That the accounts do not accord with those accounting records
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That the accounts do not comply with the accounting requirements of the Charities Act
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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 FCA, MIATI 44 Blackisland Road JSR Chartered Accountants Annaghmore Portadown BT62 1NE
7 November 2024
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Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2024
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 (Defecit) / Surplus |
30 June 2024 30 June 2023 £ £ 44,398 49,676 - - 1,350 592 - 852 420 276 100 90 1,190 88 121 8 350 208 - 2,126 124 150 2,580 2,811 800 3,860 51,433 60,737 46,009 41,484 2,303 2,066 952 1,860 2,100 2,100 1,080 1,169 1,029 950 2,574 1,067 910 652 - 1,500 49 50 495 2,307 400 400 388 331 774 1,253 78 35 896 814 - 347 - 100 9,015 9,537 (7,361) (7,361) 61,691 60,661 ( 10,258) 76 ( 10,258) 76 |
|---|---|
Approved by the Committee on . And signed on their behalf by:
Mrs Kim Coulter Treasurer
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Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2024
BALANCE SHEET Position as at 30 June 2024
| 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 2024 30 June 2023 £ £ 36,471 45,486 36,471 45,486 26,041 34,326 200 200 26,241 34,526 1,054 735 29,975 37,336 31,029 38,071 31,682 41,940 41,940 41,864 ( 10,258) 76 31,682 41,940 |
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The foregoing Income & Expenditure Account and Balance Sheet were approved by the committee on 11 November 2024
Signed on behalf of the committee
Mr Dean Forbes Chairperson
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Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2024
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 2023 Additions At 30 June 2024 Depreciation At 1 July 2023 Charge for period At 30 June 2024 Net book value at 30 June 2024 Net book value at 30 June 2023 |
Equipment Building Total £ £ £ 17,131 103,904 121,035 - - - |
|---|---|
| 17,131 103,904 121,035 6,685 68,864 75,549 2,089 6,926 9,015 |
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| 8,774 75,790 84,564 |
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| 8,357 28,114 36,471 |
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| 10,446 35,040 45,486 |
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Loughgall Pre-School Playgroup Accounts for the year ended 30 June 2024
NOTES TO THE ACCOUNTS
3. Debtors & Prepayments
| Refundable Deposit Held by Church of Ireland for electric line | 30 June 2024 30 June 2023 £ £ 200 200 200 200 |
|---|---|
4. Sundry Creditors
| Accountancy Accrual Rent Wages Pension Provider 5. Government Grants At 1 July 2023 Received in year Released in year Balance at 30 June 2024 |
30 June 2024 30 June 2023 £ £ 400 400 - - - - 654 335 1,054 735 30 June 2024 30 June 2023 £ £ 37,336 44,697 - - ( 7,361) ( 7,361) 29,975 37,336 |
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6. Contingent Liability
The committee recongise the possibility that if Loughgall Pre-School Playgroup were to default on the terms of the Health & Social Care Capital Grant then they may have to repay some or all of the grant received.
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