Rascals Community Playgroup (Compally limited by guarantec) Trustees, report and financial statements for the year ended 31 August 2022 Company number: N1036835 Northern Ireland charity number: NIC107314 McFarland Arnold & Co Chartered Accountants
Rascals Community Playgroup (Company limited by guarantee) Contents for the year ended 31 August 2022 Pag¢ Legal and adininistrative inforination Trustees report Independent examiners, report Statement of financial activilies Balance sheet Note5 to the financial statements 8-11
Rascals Community Playgroup (Company Ixmited by guarantee) Legal and administrativc information for the year ended 31 August 2022 Legal Status The company is a private limited company, limited by guarantee, which was incorporated under the Companies (Northei'ii li'eland) Oi'dei. 1986 under Registration Nuinber N1036835. It is also I'ecognised as a chai'ity by HM Revenue & Customs under Reference Numbei- XR19021. The company is a registered charity with the Charity Coinmission for Northern Irelai)d since 15 Api'il 2020 undei. registration numbei. NIC107314. Trustees Susan Cooke (resigned 3 October 2022) Justine Mccrory Charlotte Lagan Brenda Gonnley Helen Warnock Registered office aiid business address 62 Main Street Gortin Co Tyrone BT79 8NH Indcpendent Examinei's McFai'land Ainold & Co Chartei'ed Accountants 8 Main Street Newtownstewart Co Tyrone BT78 4AA Bxiilcers Ulsler Bank 14 High Street Omagh Co Tyi'one BT78 IBJ Page I
Rascals Community Playgroup (Company limited by guarantee) Trustees, report for the ycar ended 31 August 2022 The trustees present their report and the financial statements for the year ended 31 August 2022. Dii'ectors Officers of the charitable company, known as direcloi's for the purpose of coinpany law aiid trustees for the pui'pose of charity law, who served during the year and up to the date of this report are set out on page l. Members of the charitable company guarantee to contribute an amount nol exceeding £1 to the assets of the charitable company in the evenl of winding up. Charitable objects The charitable company was established to advance and to pi-omote Ihe presei'vation and protection of liealth amongst children in the Gortin area of Co Tyrone. This is done by Ihe provision of play facilities and I'ecreation activities in the interests of social welfare with the object of enhancing the education and development of the childi'en without distinctions of sex, race, political, religion or other opinions. Tlie charitable company benefits tlie public by pi-oviding a high standard of pi'eschool education for children below the complusory school age. The company is a registered charity with the Charity Commission for Northern Ireland since 15 April 2020 under registration number NIC107314. Organisational structure The trustees meet regularly, administer the charity and make all policy decisions. Review of activities and achievements The directors are pleased with the number of children availing of the facilities dui'ing the year and the level of aclivilie5 has retiirned lo pre covid posltion. Reserves The results for the year are set out on page 5. The puiposes of the ndS are outlined in the notes to the financial statements. Voluntcers The charitable company is grateful foi. the unstinting efforts of its directors and other volunteers who have continually supported the activities aiid management of the charitable company throughout the year. As indicated in note l O to tlie financial statenients, the directors wei'e not in I'eceipt of any remuneration nor I'eiinbursement of expenses in i-espect of tl)eir services during tlie yeai.. Taxation The charitable company is accepted as a charity by HM Revenue & Customs under reference XRI 9021 and thei'efore is exempt from corpoi?tion tax. Statement of trustees, i'esponsibilities Tlie trustees al'e I'esponsible foi. pi'eparing the Trustees, Report and the financial statements in accordance wilh applicable law and regulations. Page 2
Rascals Community Playgroup (Company limited by guarantee) Trustees, report for the year ended 31 August 2022 Coinpany law and chai-ity law I'equires the trustees to prepare financial statement5 for eacli financial year. Under that law Ihc Iruslees have elected to pi'epare the financial statements in accordance with applicable law and United Kingdom Accountiiig Standards (United Kiiigdoni Gcnei'ally Accepted Accounting Practice) including 'Accounting and Reporting by Charities: Statement of Recommended Pi-actice, (FRS 102 'The Finaiicial Repoiting Standard applicable in the UK and Republic of Ii'elaiid,). Undei. company law the trustees must not approve the fiiiancial slatements unless they are satisfi¢d that they give a ti'ue and fail- view of th¢ state of affairs of the charitable company and of the surplus or deficit for that year. In preparing these financial stalements, the trustees al'e required to.. Select suitable accounting policies and then apply them consistently. make judgeinents and estiinate5 that are reasonable and prudent. state wh¢ther applicable accounting standai-ds and statements of recommended practice have been followed subject to any departures disclosed and explained in th¢ financial statement5. and prepai'e the financial stat¢inents on the goiiig concern basis unless it is inappropriate to pi'esuine that the charity will continue in business. The trustees are responsible for keeping adequate accounting I'ecords that are sufficient to show and explain the charitable compaiiy's Iransactions and disclose with reasonable accui?cy at any time the financial position of the charitable coinpany and eiiable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible foi. safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detectioii of fraud and othei. iii'egularities. Special provisions relating to small companics This i'epoi't has been prepai'ed in accoi'dance with Statement of Recoinmended Practice: Accounting and Reportiiig by Charities (FRS 102) and in accoi'dance with tlie special provisions of Parl 15 of the Companies Act 2006 relating lo small entities. Tliis I'eport was approved by the ti"ustee5 on L.Q) lo .1 3 and signed on its behalf by Sigiiatui'e: L. 4Vlc Lv, Namc (in block capitals): Ti'llstee Page 3
Rascals Community Playgroup (Company limited by guarantee) Independent examiner's report to the trustees on the unauditcd financial statements of Rascals Community Playgroup for the year ended 31 August 2022. We report on the financial statements of Rascals Community Playgroup for the year ended 31 August 2022 which comprise the slatement of financial activities, the balance sheet and the related notes. Respective responsibililies of trustees and examiner As the charity's trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Companie5 Act 2006. Having satisfied ourselves that the charilable company is not subject to audit under company law, and is eligible for independent examination, it is our I'espon5ibility to:. examine the financial statements undei. section 65 of the Chai'ities Act (Nl) 2008. 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 (Nl) 2008 state whether particular matters have come to our attention. Basis of independent examiner's report We have examined your charity financial statements as required under section 65 of the Charities Act (Nl) 2008 and our examination wa5 car]'ied out in accordance with the general directions given by the Charity Commission for Northern Ii'eland under section 65(9)(b) of the Charities Act (Nl) 2008. The examination included a review of the accounliiig records kept by the charity and a compai'ison of the financial statements presented with those records. It a150 included consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as charity trustees concerning any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: l. That accounting records were not kept in accordance with section 3 86 of the Companies Act 2006. 2. That the financial statements do not accord with those accounting I'ecords. 3. That the financial statements do nol comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charitie5 Staternent of Recommended Practice applicable to charities prepai'ing their financial statements in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland. 4. That there is further information needed for a proper understanding of the financial statements to be reached. Independent examiner's statement We have completed our examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. Chartered Accountants Datcd: 2É 2023 McFarland Arnold & Co Chartercd Accountants 8 Main Street Newtoivnstewart Co Tyrone BT78 4AA Page 4
Rascals Community Playgroup (Company limAted by guarantcc) Statement of financial activities for the year ended 31 August 2022 Uni'esti'icted Restricted funds fund5 2022 Total 2021 Total Incoming resource5 Donations & fundraising Registration Family subscriptions Education authority Farly Years Oihei. grallts Income from investinents 3,012 320 3,000 33,400 3,012 320 3,000 38,768 1,322 440 3,409 56,247 686 3,000 22 5,368 2,000 2,000 18 Total incoming resoui'ces 39,750 7,368 47,118 65,126 Resources expended Staff costs Employer pension costs Staff li?ining Rent payable Insurance Light and lieat Repairs and niaintenance Pi'intit)g, postage and stationery 'relephone and internet access Resoui-ces Milk & provisions Eai'ly Years fee5 Early yeai's consultant Legal and pi'ofe55ional Accountancy fees Geiieral expenses 34,032 990 120 1,500 868 569 414 150 970 2.282 1,716 523 1,117 360 600 234 34,032 990 120 1,500 868 569 414 150 970 9,650 1,716 523 1,117 360 600 234 36,284 685 58 2,500 868 671 7,874 114 927 7,900 2,462 415 2,380 7,368 600 193 I'otal resources expended (46,445) (7,368) (53.813) (63,931) Iyet movement in funds (6,695) (6,695) ,195 Total funds brought forward 17,276 17,276 16,081 Total funils carried forward 10,581 10,581 17,276 The notes on pages 8 to I I form an integral part of these fiiiancial statements. Page S
Rascals Community Playgroup (Company limitcd by guarantee) Balance sheet as at 31 August 2022 2022 2021 Notes Current asscts Cash at bank and in hand 11,778 17,276 11,778 17.276 Crcditors: amounts falling duc within one year (1,197) Net current assets 10,581 17,276 Net assets 10,581 17,276 Funds Unrestricted funds Restricted fijnds 10,581 14,827 2,449 10,581 17,276 The company is registered as a pi'ivate limited company in Northern Ireland Under Registration Numbei. N1036835. The trustees, statements required by Section 475 (2) and (3) are shown on the following page which fonns pait of this Balance Sheet. The notes on pages 8 to A i form an integral part of these financial statements. Page 6
Rascals Community Playgroup (Company limited by guarantee) Balance sheet (eontinued) Trustees, statements required by Section 475 (2) and (3) for the year ended 31 August 2022 In approving these financial slalements as trustees of the company we hereby coiifirm.. (a) Ihat for the yeai- stated above the company was eiititled to the exemption conferred by Section 477 of the Companies Act 2006 (b) that no notice lias been d¢posited at the registei'ed offic¢ of the company pui'suant to Seclion 476 of the Companies Act 2006 I'equesting that an audit be conducted for the year ended 31 August 2022 and (c) that we ackiiowledge our I'esponsibility for: (l) ensuring that the company keeps accounting records which comply with Section 386 of the Companies Act 2006, (2) pi-eparing financial statements which give a true and fair view of tlie state of the affairs of the company as at the end of Ihe financial yeai. and of its profit or loss for the year tlien ended in accordance with the requirements of Section 393 of the Companies Act 2006 and which otlierwise comply with the provisions of the Companies Act 2006 relating to the financial slatements, so far as applicabl¢ to the company. These financial statements are prepared in accordance with Slatement of Recoinmended Practice: Accounting and Reporting by Charities (FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of li-eland,) and in accordance with the special provisions of Pait 15 of the Companies Act 2006 relating to small entities. The financial statements weir approved by the Board on 2G N and signed on its behalf by Signaturc: u) JiLi4. /JL2/lloJ Name (in blocli capitals): 14£ IIIKJE ILI(¢LQle Trustec Trustee The notes on pages 8 to I I form an integral part of these finaiicial statements. Page 7
Rascals Community Playgroup (Company limlted by guarantee) Notes to the financial statements for the year ended 31 August 2022 General iiiformafion The company is a pi'ivate limited company, limited by guarantee, which was incorporated undei- Ihe Coinpanies (Northern li'eland) Oi'dei. 1986 under Registration Number N1036835 and registered chai'ity with the Charity Commission for Northern li'eland since 15 April 2020 under Registi'ation Number NIC 107314. The address of the registered oL¢e is 62 Main Street. Gonin, Co Tyrone, B T79 8NH. Statement of compliance These financial slatemei)ts have been prepai'ed in compliance with Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102, 'The Financial Reporting Standard applicable in the UK and the Repiibli¢ of li'eland,) and in accordance with the Conipanies Act 2006. Accounting policies Basis of preparation The financial statements are prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Pi'actice (FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,) The charity has taken advantage of Ihe exemption in FRS 102 Section IA froin the requirement to produce a cashflow statement because it is a sniall chai'ily. The pi'esentation currency of these financial statements is sterling. Ineoming i'esoui'ces All income is included in full in the Statement of Financial Activities when received. Income fi'om inveslinents is included in the year in which it is received. 3.3. Resources expended Resources expended are recognised in the year in which they are paid. 3.4. Fund a¢¢ounting Unrestricted funds relate to general funds which are available for use at Ihe discretion of Ihe ti'ustee5 in furtherance of the general objective5 of the charity and wliich have not been designated for oihei. purposes. Restricted funds are funds wliich al'e to be used in accoi'dance with specific I'estrictions inip05ed by donoi's or which have been I'aised by the charity foi. pailicular pui'poses. The cost of I'aising and adininistering such funds are charged againsl the specific nd. The aim and iise of each restricted fund is set oiit in the notes lo the financial statements. Page 8
Rascals Community Playgroup (Company limited by guarantee) Notes to the financial statements for thc year ended 31 August 2022 Finaii¢ial insti'uments A financial asset oi. a fiiiancial liability is recognised only when the company becomes a party to tlie contractual pi'ovisioiis of the insti'uinent. Basic financial instruments are initially i'ecogni5ed at the transaction price, unless the arrangement constitutes a rinai)cing Iraiisaction, where it is recognised at the present value of the future paymen15 discounted at a market rate of interest foi. a siinilar debt instrument. Debt insti'ument5 are subsequently measured at amoitised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective eviden¢¢ of impaii-ment at tlie eiid of each reporting date. If there is objective evidence of impainnent, an inipaii'ment loss is recognised iii profit or loss immediately. Foi. all equity instruments regai-dless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Othei- financial a55ets or either assessed individually or grouped oil tl)e basis of siinilai- ci'edit risk characteristics. Any i'evei'sals of impaii-ment al'e I'ecogiiised iii profit or loss immediately, to tl)e extent tliat the revei'sal does not i'esult in a carrying ainouiit of the financial asset that exceeds what the carrying amount would have been had the impairineiit not previously been I'ecognised. 3.6. Taxation The chai-itible company is I'egistered as a charity for tax purposes under reference NIC107314. As a chai'itible company, Rascals Community PlaY-OUp is exempt froin lax on income and gains falling within Section 505 of the Taxes Act 1988 oi. Section 256 of the Taxation of Chai'geable Gains Act 1992 to the extent that these are applied to its cliaritabl¢ objects. No tax chai-ges have therefore arisen for th¢ company for the year ended 31 August 2022. Grant income Unrestricted Restricted funds funds 2022 2021 Education Authority Early Years Otl)er small granls 33.400 5,368 38,768 56,247 686 3,000 2,000 2,000 33,400 7,368 40,768 59,933 Page 9
Rascals Community Playgroup (Company limited by guarantee) Notes to the financial statements for the year ended 31 August 2022 I mployees Number of employees 2022 Number 2021 Number The average monthly numbers of employees (including the trustees) during the year were: Employer pension costs 990 685 Creditors: amounts falling due within onc year 2022 2021 Bank overdraft 1,197 Analysis of nct assets between fllnds Unrestricted funds Total funds Fund balances at 31 August 2022 as repi'esented by: Current assets 11,778 11,778 11,778 11,778 Unrestricted funds I September 2021 Incoming Outgoing 31 August 2022 Genei'al fund 17,276 39,750 (46,445) 10,581 17,276 39,750 {46,445) 10,581 Purposes of unrestricted funds General funds are funds which al'e available for use at the discretion of the directors in rtherallCe of the general objective5 of the Charity and which have not been designated for other puiyoses. Capital commitments As at 31 August 2022, the charitible coinpany had no capital commitments. Page 10
Rascals Community Playgroup (Company limited by guarantee) Notcs to the financial statcm¢nts for the year ended 31 August 2022 io. Transactions with trustees The Trustees wei'e not in i'eceipt of any reinuiieration nor reirnbur5enient of expenses iii i'espe¢l of Iheir sei'vices during tl)e year. The trustees attend Ineetii)gs and cai'ry out the business of the cliai'itable coinpany on a voluntary basis. Page Il