R2sc21s Community Playgroup (Company limited by guarantee) Trustees, report and financial statements for the year ended 31 August 2024 Company number: N1036835 Northern Ireland charity number: INIC107314 McFarland Arnold & Co Chartered Accountants
Rascals Community Playgroup (Company limited by guarantee) Contents for the year ended 31 August 2024 Page Legal and adininisti'alive iiifoi'iiiation Ti'ustees report Independent exainiiiers, report Stateinent of financial activities Balance sheet Notes lo the financial statements 8- 11
Rascals Community Playgroup (Company limxted by guarantee) Legal and administrative information for the year ended 31 August 2024 Legal Status The coinpany is a private liinited coinpany, liinited by uuai'antee, which was incoi'poi'ated under the Coinpanies (Nortliei'n Ii'elaiid) Ol'der 1986 iindei. Registration Nuinbei. N1036835. It is a150 recognised a5 a charity by HM Revenue & Custoins iindei. Reference Number XR19021. The coii)pany is a regislered chai'ity with the Chai'ity Coininission foi. Noithei'n Ireland since 15 April 2020 undei. i'egi5ti'ation nuinbei. NIC107314. Trustees Rachel Ballantine (appointed l October 2024) Cathal Mccullagh (appointed 3 June 2024) Donna Mccullagh (appointed 3 June 2024) Roisin Sinith (appointed 3 Jiine 2024} Steven Tui'nei. (appointed 3 June 2024) Jiistine McCI'ory (resigned 23 May 2024) Charlotte Lagan (I'esigned 23 May 2024) Brenda Gorinley (resigned 23 May 2024) Helen Warnock (I'esigned 23 May 2024) Registered office and busiiiess address 62 Main Street Gortin Co Tyrone BT79 8NH Independent Examiners McFarlaiid Ai'nold & Co Chai'lered Accountants 8 Main Street Newtownstewart Co Tyrone BT78 4AA Bankers Ulstei. Bank 14 Hitsh Sti'eet Oimagh Co Tyi'one BT78 IBJ Page I
Rascals Community Playgroup (Company limited by guarantee) Trustees, report for the year ended 31 August 2024 The trustees present theii. report and the financial stateinents foi. the yeai. ended 31 August 2024. Directors Officers of the chai'itable coinpany, known as directoi's foi. the piii'pose of Coinpany law and Iriistees for the purpose of charity law, who served dui'ints the year and up lo the date of this i-epoit al'e set out on page l. Meinbei's of the charitable coinpany guarantee lo conti'ibule an ainount not exceeding £ I lo the assets of the chai'itable company in the eveiit of windiiits up. Chai'itable objects The chai'itable coinpany was establislied to advance and to pi'oinoce the preservation and pi'otection of health ainongst childi'en in the Gortin area of Co Tyi'one. This is doiie by the pi'ovision of play facilities aiid recreation activities in the interests of social welfare with the object of enhar)cing the ediication and developinent of the childi'en without distinction5 of sex, l-ace, political, i'eligioii oi. other opinions. The charitable coinpany benefit5 tlie public by providing a higli staiidai'd of pi'escliool education foi. childi'en below the complusoiy school age. Tlie coinpany is a I'egistered charity with the Chai'ity Coininission for Norlhei'n Ireland since 15 April 2020 under registi'ation nuinbei. NIC107314. Organisational structui'e The trustees Ineet I'egularly, adiminister the chai'ity and Inake all policy decisions. Revieiv of activities and achievemeiits The dii'ectoi's al'e awai'e that the niiinbei. of childi'en availing of the facilities needs to be Iiiaintained at the niaximuin level of 16 to ensure the futiire viability of the playgroup. They continiie to fundraise and considei- funding available. Reserves Tlie I'esults for the year al'e set out on page 5. The pui'poses of the funds are outliiied in the notes to the financial slateinents. Voliinteers I'he chai'itable coinpaiiy is gralelul for the iinslinting efforts of its directors and other voluiiteers wlio have continually suppoited the activities and Inanageinent of the charitable coinpany throughout the year. As indicated in note I I to the fiiiai)cial slateinents, the dii'ectoi's were not in receipt of any I'einunei'ation nor reiinbui'seinei)t of expenses in respect of theii. sei-vice5 dui'it]g the year. Taxation The cliaritable Coinpany is accepted as a chai'ity by HM Revenue & Ciistoms under i'eference XRI 9021 and thei'efore is exeinpt froin corpoi-ation lax. Statement of ti'ustees, responsibilities The li'iistees are I'esponsible foi. pi'epai'ing the Ti'ustees, Repoit and the finaiicial slalenients in ac¢oi'dance with applicable law aiid regiilalions. Page 2
Rascals Community Playgroup (Company limited by guai'antee) Trustees, report for the year ended 31 August 2024 Coinpany law and charity law requii'es the trustees lo prepare fiiiancial stateinents for each financial year. Under that law the trustees have elected to prepai'e the financial stateineiits in accoi'dance with applicable law and United Kingdoin Accounting Standards (United Kingdoin Generally Accepted Aceounling Practice} including 'Accounting and Repoiting by Chai'ilies.. Stateinent of Recoininended Pi'actice, (FRS 102 'The Financial Repoitiiig Standai'd applicable ii) the UK aiid Republic of Ireland,). Undei. con)pany law the ti'ustees Inu5t iiot approve the financial slateiments unless they are satisfied Iliat tliey give a ti'iie and fair view of the state of affaii's of the charitable coinpany and of the sui-pliis 01- deficit foi. that yeai.. In prepariiig these financial staleiments, the trustees are requii'ed to.. select siiitable accounting policies and then apply them consistently. Inake judgeinents aiid estin)ates that are reasonable and prudeiit. state whether applicable accouiiting standai'ds and slateinenls of I'ecoiiimended pi'actice have beeii followed subject to any depai'tiii'es disclosed and explained in the financial stateinents. and prepare the financial stateinents 011 the going concern basis iinless it is inappi'opi'iate to presiiiiie that the chai'ity will continue in business. The ti'ustees are responsible for keeping adeqiiate accounting records that are sufficient to show and explain tlie charitable coinpany's transactions and disclose with I'easonable accuracy at any time tlie financial position of the charitable coinpany and enable thein to ensure that the financial statements comply with the Coinpanies Act 2006. They are a150 1'espon5ible foi. safeguai'ding the assets of the charitable coinpany and hence for taking reasonable steps for the prevention and detection of fraud and other irregulai'ities. Special pi'ovisioiis relating to small companie5 Tliis repoi't has been prepai'ed in accordance with Statement of Recominended Pi'actice.. Accounting and Reporting by Charities (FRS 102) and in accoi'dance with the special provisions of Pait 15 of the Coinpanies Act 2006 I-elatiiig to sinall entities. Thi5 repoi1 was approved by the trustees on 28 (q and signed on it5 behalf by Signature: Name (iii block capitals): Triistee Page 3
Ilasca15 Community Playgroup (Company limited by guarantee) Indepen(lent examiner's R"eport to the trustee5 on the unaudited financial statements of Rascals Community Playgroup for the year ended 31 August 2024. We report on the financial statements of Rascals Coinmiinity Playgroup foi. the year ended 31 August 2024 which coinprise tlie stateinent of financial activities, tlie balance sheet aiid the i'elated notes. Respective I"esp0115ibilities of trustees and examiner A5 the charity's ti'ustees (and also the dii'ectors of the coinpany for the pui-poses of coinpany law) you are i'esponsible for the preparation of the financial slalenienls in accordance with Ilie requii'eineiits of Companies Act 2006. Having satisfied ourselves that the charitable coinpany is not subject to alidit under coinpany law. and is eligible for iiidepeiident exaimination, it is oui. responsibility to:. eyainine the financial stateineiits undei. section 65 of the Cliarilies Act (Nl) 2008. follow the procedui'es laid down in the genei'al dii-eclions given by the Chai'ity Coininission for Noi'thei'ii Irelaiid uiider section 65(9)(b) of the Cliai'ities Act (Nl) 2008 stale whelhei. particular Inattei's have conie to our attention. Basis of in(lependent examiner's report We have exaiiiined your chai'ity fiiiancial stateinents as required linder section 65 of tlie Cliarities Act (Nl} 2008 and our exainination was carried out iii accordance with tl)e genei-al directions given by the Charity Coinimission for Noi'iliern Ii'elaiid uiidei. section 65(9)(b) of the Chai'ities Act (Nl) 2008. The exainination included a I'eview of the accounting I'ecoi'ds kept by the charity and a coinparison of the financial stateinents presented with those I'ecords. 11 also included considei'ation of any unusual iteins or disclosui'es in the financial 5tateinents and seeking explanations fi-om you as charity trustees concerning any such matters. Our role is to state whether any material matters have come to our attention giving us caiise to believe.. l. That accounting recoi'ds ivere not kept in accordance with section 386 of the Coillpanies Act 2006. 2. That the financial statements do not accoi'd with those accoiinting records. 3. That the financial stateinents do not coinply witli the accounting requireinenls of section 396 of the Coinpanies Act 2006 ai)d with the Inetliods and principles of the Chai'ities Stateinent of Recoinmended Pi'actice applicable to chai'ities preparing their financial stateinei)ts in accordaiice with the Financial Reporting Standard applicable in tlie UK and Republic of Ireland. 4. That there is fuithei. infoi'n)ation needed foi. a proper undei'standing of the financial stateinents to be reached. Independent examiner's statement We have coii)pleted our exainination and have no concerns in respect of the mattel's (l) to (4) listed above and, in connection Nvith following the directioiis of the Charity comini55ioii for Noitliei'n Ireland, we liave found no mattels that requii'e drawing to yoiii. attention. Chartered Accountants Dated: MeFaR'land Ai'nold & Co Chartei'ed Accountants 8 Main Sti'eet Neivtownstewart Co Tyrone BT78 4AA Page 4
Rascals Community Playgroup (Company liinited by guarantee) Statement of financial activities for the year ended 31 August 2024 Unrestricted Resti'icted funds runds 2024 Total 2023 Total Notes Incoming resources Donations & fiindi'aising Registration Faniily siibscripiions including pi'e-preschool Ediication authority Othei- grants Iiicoine fi'oni investiiients 13,470 280 7,601 29,395 13,470 280 7,601 30,687 4,300 265 4,678 220 3,895 29,773 925 50 1,292 4,300 265 Total incoming resources 51,01 5,592 56,603 39,541 Resources expended Staff costs Eniployei. peiision costs Staff training Reci'uitinent costs Relit paid Insurance Light and heat Repairs aiid Inaii)tenance Pi'inting, posta(ye and stationery Telephone and internet acces5 Resoui'ces Fuiidraising expenses Fainily ftjn day expenses Milk & provisioiis Early yeai's fees Early yeai's consultant Accountaiicy fees Geiieral expenses Intei'est and chai'ges 31,890 1,296 230 337 2,000 727 2,691 104 247 1,008 1,073 2,104 599 1,229 143 1,265 1,536 48 106 31,890 1,296 230 337 2,000 727 2,691 104 247 1.008 2,365 2,104 899 1,229 143 1,265 1,536 48 106 32,912 990 10 2,500 655 1,877 302 173 885 3,585 1,292 300 1,298 536 214 696 43 30 Total resources expended (48,633) (1,592) (50,225) (46,278) Net movement in funds 2,378 4,000 6,378 (6,737) Total funds broiight foiward 3,844 3,844 10,581 Total funds carried forwai'd 6,222 4,000 10,222 3,844 The notes on pages 8 to I I form an integral part of these financial statements. Page 5
Rascals Community Playgroup (Company limited by £uar1i ntee) Balance sheet as at 31 August 2024 2024 2023 Notes Current assets Ca511 at bai)k and in hand 14,766 6,480 14,766 6,480 Creditors: amounts falliiig due Ivithin oiie year (4,544) (2,636) Net eurrent assels 10,222 3,844 Net assets 10,222 3,844 Funds Unrestricted fuiids Restricted funds 6,222 4,000 3,844 10.222 3,844 The coinpany is registered as a private liinited coinpany in Northern Ireland under Registration Numbei. N1036835. The Iruslees, slateinents required by Section 475 (2) and (3) are shown on the following page which forins part of this Balaiice Sheet. The notes oil pages 8 to I I form an iiitegral part of these fiiiancial stateillent5. Page 6
Rascals Community Playgroup {Company limited by guarantee) Balance sheet (continue(l) Trustees, statements requiR'ed by Section 475 (2) and (3) for the year ended 31 August 2024 In approving these financial statements as triistee5 of the coillpaiiy we hei'eby confirin: (a) that foi. the yeai. slated above the coinpany was entitled lo th¢ exeinplion confei'i'ed by Section 477 of the Conipaiiies Act 2006 (b) that no notice has been deposited at the registered office of the company piirsiiant to Section 476 of the Coinpanies Act 2006 I'equesting that an audit be conducted for the yeai. ended 31 August 2024 and (c) that we acknowledge our responsibility for.. ( l ) ensuring that the conipany keep5 accounting records which coinply with Section 386 of the Companies Act 2006, (2} preparing fiiiancial slateiments which give a true and fail. view of the state of the affairs of the coinpany as at the end of the finaiicial yeai. and of its profit or loss for the yeai. then ended in accoi'daiice witl) tlie I'equii'emenls of Section 393 of the Companies Act 2006 and which otherwise coinply with the pi'ovisions of the Coinpanies Act 2006 relatiiig to the financial slateinenls, so fai. as applicable to the colpanY. Tliese financial stateinents al'e prepai'ed in accordance witli Statement of Recomtnended Practice.. Accounting and Repoiting by Chai'ities (FRS 102 'The Fiiiancial Reporting Standai'd applicable in the UK and Republic of Ireland,) and in accordance with the special pi'ovisions of Pai't 15 of the Coinpanies Act 2006 relating to sinall entities. The financial stateinent5 were approved by the Board on 28 Hy 2? and signed on its behalf by Signature: Name (in block capitals): T(Ne 1SIp SM Trustee Trustee Tlie iiotes on pages 8 to I I form an integral pai't of these finAiicial statement5. Page 7
Rascals Community Playgroup (Company limited by guarantee) Notes to the financial statements for the year ended 31 August 2024 General informatlon The coinpany is a private liiniled coinpaiiy, liimited by guai'antee, wliich was ii)coi'porated under the Coinpanies {Noi'therii Ii'eland) Order 1986 undei. Registration Numbei. N1036835 and I'egistered chai'ity with the Charity Con)mission for Noi'thei'n Ii'elaiid siiice 15 Api'il 2020 uiider Registi'ation Nuinber NIC 107314. The addi'ess of the I'egistered 0]ce is 62 Main Sti'eet, Gortin, Co Tyrone, BT79 8NH. Statement of comi)liance These financial stateinents have been prepared in coinpliance with Accounting and Reporting by Chai'ities.. Siateillent of Recoininended Pi'actice (FRS 102, 'The Financial Repoiting Siandai'd applicable in tl)e UK and the Repiiblic of Ireland,) and in accoi'dance with the Coinpanie5 Act 2006. Aeeounting policies Basis of prepai'ation The financial stateinents al'e pi'epai'ed iindei. the historical cost convention and in accoi'dance with Accounting and Reporting by Cliarities.. Statement of Recoinineiided Practice (FRS 102, 'The Financial Reporlino Staiidai'd applicable in the UK and the Republic of li'eland,) The charity has taken advaiitaoe of tlie exemption in FRS 102 Section IA from the requirement to produce a cashflow stateinent because it is a small charity. The presentation cuii'ency of these financial statenients is sterling. Incomiiig resources All incoine is included in full in the Stateinent of Financial Activities when receivable. Iiicome froiii iiivestineiits 15 included iii the yeai. in wliich it is i'eceived. Resources expended Resources expended are i'ecognised in the year in which they al'e incurred. Suppoit costs are those costs incurred directly in support of expeiiditui'e on the objects of tlie charity and include pi'oject manageinent. 3.4. Fund accounting Unresti'icted funds I'elate lo general funds which are availabl¢ foi. Iise at the discretion of the tl'LlStees in fuithei'ance of the general objectives of Ihe cl)arity and whicli have not been designated for other piirposes. Resti'icted funds are funds which al'e to be used in accoi'dance with specific I'estrictions iniposed by donoi's or whicl) have been raised by the chai'ity foi. paiticulai. plliyoses. Tlie cost of i'aising aiid adiT]inistei-ing siich funds are cliarged against tl)e specific fiind. The aiin and use of each I'esti'icted flliid is sel out iii the notes to the finaiicial stateinents. Page 8
Rascals Community Playgroup (Company limited by guarantee) Notes to the financial statcmcnts for the year ended 31 August 2024 Financial instruments A financial asset or a finaiicial liability is recognised only when the company becomes a paity to the contractual pi'ovisions of the instrunient. Basic financial insti'un)eiits al'e initially recognised at t5ie li'ansaction price, unless the arrangement constitutes a financing ti'ai)saction, where it is recognised at the pi'esenl value of tlie future payinents discounted at a mai'ket rale of int¢r¢sl for a similar debt insti'ument. Debt ii)sti'uments are subsequently Ineasured at amoitised cost. Financial assets that are Ineasured at cost or amoitised cost are reviewed for objective evidence of iinpaii'ment at the end of each reporting dale. If Ihei'e is objective evidence of impairmeiit, an impainnenl loss is recogiiised in pi'ofit or loss iinmediately. For all equity instruments regardless of significance, and other fiiiancial assets that are individually sigiiificant, these are assessed individually for impairment. Othei. financial assets oi. either assessed individually or 'oup¢d on the basis of similar credit I'isk cl)aractei-islics. Any I'eversals of iinpaii'ment are recognised in pi'ofit or10s5 immediately, to Ihe extent that the revei'sal does not result in a carrying amount of the financial asset that exceeds what the carrying amounl would have been had the iinpairment iiot previously beeii recogiiised. 3.6. Taxation The Charitible company is registered as a charity foi. tax puiyoses under reference NIC107314. As a charitible coinpany, Rascals Coinmunity Play-0Up is exempt from tax on income aiid gain5 falling within Section 505 of the Taxes Act 1988 01. Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these al'e applied to its charitable objects. No lax charges liave therefore arisen for the company for the year elided 31 August 2024. Grant income Unrestricted Restricted fui)ds fuiid5 2024 2023 Education Aulliority- PEGS Education Authority - othei. Halifax Fei'inanagli & Omagh District Council 28,595 800 28,595 2,092 4.000 300 23,861 5,912 ,292 4,000 300 925 29,395 5,592 34,987 30.698 Page 9
Rascals Community Playgroup (Company limited by guarantee) Notes to the financial statements for the year ended 31 August 2024 Employees Number of employees 2024 Nutnber 2023 Number The average monthly numbers of employees (including the trustee5) during the year wei'e.. Employer pension costs 1,296 990 Creditors: amounts falling due Ivithin one year 2024 2023 Accruals and defeiTed income 4,544 2,636 Analysis of net assets between funds Uni'estricted Restricted fuiids funds Total funds Fund balances at 31 August 2024 as represented by.. Current assets Current liabilities 10,766 (4,544) 4,000 14,766 (4,544) 6,222 4,000 10,222 Unrestrictcd funds I September 2023 Incoming Outgoing 31 August 2024 General fund 3,844 50.041 (47,663) 6,222 3,844 50,041 (47,663) 6,222 Purposes of unrestricted funds Genei'al fi]nds are funds whtch are available for use at the discretion of the directors in fuithei'ance of the genei'al objeclives of the charity and which have not been designated for othei. purposes. Page 10
Rascals Community Playgroup (Company limited by guaraiitee) Notes to the finaiicial statements foi. the yeaR" ended 31 August 2024 Restricted funds I September 2023 Incoming Outgoing 31 August 2024 EA - Getting ready lo leai'n EA - Extended sei'vices Halifax Fouiidatioii - Staff salai-ie5 Ferinaiiagh & Oiiiagl) District Coiincil Fainily fun day 500 792 4,000 (500) (792) 4,000 300 (300) 5,592 (1,592) 4,000 Pui'poses of restricted funds Resli'i¢led funds are fijnds which al-e to be used in accordance with specific I'esti'ictions iinposed by donoi's oi. which have been I'aised by the cliarity foi. parliciilai. pui'poses. The c051 of raising and adiniiiistering such funds is charged against the specific fund. The aiin and use of each restricted fiind is set oiil in the note above. 10. Capital commitments As at 31 August 2024, the chai'itible compaiiy had no capital cominittnents. 11. Transactioiis Ivith trustees The Ti'iistees were not in receipt of any i-einuneration nor I'eiiiibiirseinent of expenses in respect of their sei'vices dui'ing tl)e yeai-. The ti'iistees attend Imeelings and cai'i'y OLlt the business of the chai'itable coinpany on a voluntai'y basis. Pagell