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2022-08-31-accounts

PEATLANDS PLAYGROUP LIMITED

Reports and financial statements

Year ended 31 August 2022

(A company limited by guarantee and not having a share capital)

Charity Registered number: 107632

PEATLANDS PLAYGROUP LIMITED

CONTENTS

Page
Company Directory 2
Director’s Report 3 – 4
Accountant’s Report 5
Income & Expenditure Account 6
Balance Sheet 7
Notes to the Financial Statements 8 - 12

1

PEATLANDS PLAYGROUP LIMITED

COMPANY DIRECTORY

Directors Dr Mark Cromie
Valerie Wilson
David Cahoon (appointed 5 November 2021)
Linda McClelland (appointed 11 November
2021)
Registered office 16 Church Street
Dungannon
Co Tyrone
BT71 6AB
Bankers Ulster Bank
20 High Street
Portadown
Co. Armagh
Accountants Ruddell & Company
Chartered Accountants
16 Church Street
Dungannon
Co Tyrone
BT71 6AB
Company Registration number NI 607726
Charity Registration number 107632

2

PEATLANDS PLAYGROUP LIMITED

DIRECTORS’ REPORT

The directors have pleasure in submitting their annual report together with the financial statements of the company for the year ended 31 August 2022.

REVIEW OF THE BUSINESS

The charitable purpose of Peatlands Playgroup Limited is the advancement of education.

The company’s principal activity is the provision of playgroup facilities.

During the past period the main activity of the company remained unchanged and the directors anticipate that any future developments would relate to this activity.

RESULTS AND DIVIDENDS

The directors consider that the results for the period were satisfactory, and remain confident that trading prospects will improve further in the next accounting period.

The deficit for the period amounted to £2,760 and has been transferred to reserves.

POLITICAL CONTRIBUTIONS AND CHARITABLE DONATIONS

The company made no charitable or political donations requiring disclosure.

INTERESTS OF DIRECTORS

The company is limited by guarantee and does not have any share capital. Therefore the directors and secretary who served during the year did not have a beneficial interest in the company.

All directors serve in a voluntary capacity.

EVENTS SINCE THE BALANCE SHEET DATE

There are no significant events affecting the company since the year end.

SPECIAL PROVISIONS RELATING TO SMALL COMPANIES

This report has been prepared in accordance with the small companies regime as per S. 381 of the Companies Act 2006 (as amended).

3

PEATLANDS PLAYGROUP LIMITED

DIRECTORS’ REPORT (cont’d)

STATEMENT OF DIRECTORS’ RESPONSIBILITIES

General Responsibilities

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable Northern Ireland and United Kingdom law and generally accepted accounting practices including the accounting standards issued by the Accounting Standards Board and published by Chartered Accountants Ireland.

Company law requires the directors to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

The directors are responsible for keeping proper books of account which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements are prepared in accordance with accounting standards generally accepted and with statute comprising the Companies Acts 1985 to 2006 and with relevant Northern Ireland Orders. They are also responsible for safeguarding the assets of the company and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors’ declaration on unaudited financial statements

In relation to the financial statements as set out on pages 6 to 12.

The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.

The directors confirm that they have made available to Ruddell & Co., Chartered Accountants, all the company’s accounting records and provided all the information, books, or documents, necessary for the compilation of the financial statements.

The directors confirm that to the best of their knowledge and belief, the accounting records reflect all the transactions of the company for the period ended 31 August 2022.

BY ORDER OF THE BOARD

Valerie Wilson 17 May 2023 ___ ___ Valerie Wilson Date Director

4

PEATLANDS PLAYGROUP LIMITED

INDEPENDENT EXAMINER’S REPORT ON THE FINANCIAL STATEMENTS TO THE MEMBERS OF PEATLANDS PLAYGROUP LIMITED

I report on the accounts of the Charity for the year ended 31 January 2022, which are set out on pages 2 to 14.

Respective responsibilities of charity trustees and examiner

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.

It is my responsibility to:

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 trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. That accounting records were not kept in accordance with section 63 of the Charities Act;

  2. That the accounts do not accord with those accounting records;

  3. That the accounts do not comply with the accounting requirements of the Charities Act;

  4. 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.

Jonathan Ruddell Jonathan Ruddell For Ruddell & Company Dungannon

17 May 2023

5

PEATLANDS PLAYGROUP LIMITED

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022

Note 2022 2021
£
Income
 (1 & 2) 72,772 88,585
Direct costs (5,581) (5,159)
______ ______
Gross surplus 67,191 83,426
Administrative expenses (69,951) (64,451)
Other operating income - -
_ ______
Operating surplus / (deficit) (3)
 (2,760) 18,975
Bank interest
-
-
_ ______
Surplus / (deficit) transferred to reserves
(2,760) 18,975
====== ======

All of the company’s activities are continuing and there are no recognised gains or losses requiring separate disclosure.

The notes on pages 8 to 12 form part of these financial statements.

6

PEATLANDS PLAYGROUP LIMITED BALANCE SHEET AS AT 31 AUGUST 2022

2022 2021
Notes £
Fixed assets
Tangible assets (4) 45,510 49,057
______
 ______
45,510
 49,057
______
 ______
Current assets
Debtors (5) -
 -
Stock (6) -
 -
Cash at bank and in hand 20,158
 20,545
______ ______
20,158 20,545
Creditors: amounts falling due
within one year (7) (626) -
______ ______
Net current assets 19,532 20,545
______
 ______
Total assets less current liabilities 65,042
 69,602
Creditors: amounts falling due
after more than one year (8) (25,200)
 (27,000)
______
 ______
39,842
 42,602
=====
 =====
Capital and reserves
Profit & loss account
 (9) 39,842
 42,602
______
 ______
Reserves 39,842
 42,602
=====
 =====

For the period ending 31 August 2022 the company was entitled to exemption from audit under S.477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with S.476 Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Acts 1985 to 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Valerie Wilson

Mark Cromie

Valerie Wilson Dr Mark Cromie Director Director

7

PEATLANDS PLAYGROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2022

1. Accounting Policies

1.1

Basis

The financial statements have been prepared on the going concern basis and in accordance with the Charity SORP (FRS 102) and Northern Irish statute comprising the Companies Acts, 1985 to 2006.

1.2 Basis

The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards.

1.3 Income

Income is the total amount receivable by the company for goods supplied and services provided excluding VAT and net of trade discounts, derived from the ordinary activities of the company.

1.4 Tangible Fixed Assets and Depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:-

Freehold Buildings 4% straight line Fixtures, fittings & equipment 20% reducing balance

8

PEATLANDS PLAYGROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS (cont’d) FOR THE PERIOD ENDED 31 AUGUST 2022

2. Income

The income of the company is applicable to markets within the United Kingdom.

3. Operating surplus

The surplus on ordinary activities is stated after charging/(crediting):

2022 2021
£ £
Depreciation of fixed assets 1,747 1,314
===== =====
4. Tangible Fixed Assets
Freehold Fixtures &
Buildings Fittings Total
£ £ £
Cost
At 1 September 2021 75,911 7,011 82,922
Additions - - -
______ ______ ______
At 31 August 2022 75,911 7,011 82,922
______ ______ ______
Depreciation
At 1 September 2021 30,362 3,503 33,865
Provided in the period 2,846 701
 3,547
______ ______ ______
At 31 August 2022 33,208 4,204 37,412
______ ______ ______
Net Book Value as at
At 31 August 2022 42,703 2,807 45,510
===== ===== =====
At 1 September 2021 45,549 3,508 49,057
===== ===== =====

9

PEATLANDS PLAYGROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS (cont’d) FOR THE PERIOD ENDED 31 AUGUST 2022

5. Debtors
2022 2021
£ £
Debtors
 - -
______ ______
- -
===== =====
6. Stock
2022 2021
£ £
Uniforms for resale
 -
 -
===== =====
There is no material difference the value of stock in the balance sheet and
their replacement cost.
7. Creditors: Amounts falling due within one year
2022 2021
£ £
Trade Creditors and Accruals
 626 -
Bank loans
 - -
______ ______
626 -
===== =====
8. Creditors: amounts falling due after more than one year
2022 2021
£
 £
Deferred grant income
 25,200 27,000
______ ______
25,200 27,000
===== =====

10

PEATLANDS PLAYGROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS (cont’d) FOR THE PERIOD ENDED 31 AUGUST 2022

9. Reserves
Income and Expenditure Account
2022
£
As at 1 September 2021 42,602
Retained surplus for the period (2,760)
______
At 31 August 2022 39,842
=====
10. Directors and employees
Staff costs during the period were as follows:
2022 2021
£ £
Salaries and wages
 51,405 46,671
Social security costs 3,190 2,151
===== =====

The average number of employees of the company during the period were as follows:

2022 2021
Service Provision 3 3
===== =====

The total emoluments paid to directors during the period amounted to £nil.

11. Going Concern

The company is dependent on funding from the parents of children who attend the playgroup. The directors have had discussions with the parents and are of the opinion that funding will continue for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the discontinuance of parental funding, or its reduction to an inadequate level.

11

PEATLANDS PLAYGROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS (cont’d) FOR THE PERIOD ENDED 31 AUGUST 2022

12. Legal status of the company

13. Transactions with directors

There were no transactions with directors in the current financial period.

14. Approval of the financial statements

The financial statements were approved by the board on 17 May 2023.

12

PEATLANDS PLAYGROUP LIMITED

DETAILED INCOME & EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2022

2022 2021
£ £
Income
Turnover
 72,772 88,585
_ _
Direct costs
Materials 5,581
5,159
______ ______
5,581
5,159
______ _
Gross surplus
 67,191 83,426
______ _
Administration expenses
Wages & Salaries
 54,595 48,822
Rent Payable 860 920
Rates 153 153
Insurance 910 903
Light and heat 2,417
2,520
Repairs and maintenance 2,250 3,091
Printing, postage & stationary 701 1,191
Accountancy 630 630
Bank charges 332 276
Food 2,174 1,652
Early Years subscriptions 1,992 1,494
Travel & entertainment 45 134
Charitable Donations - 250
Telephone 664 889
General Expenses 481 212
Depreciation on freehold property 1,046
1,236
Depreciation on fixtures & equipment 701
78
______ ______
69,951
64,451
______ ______
Surplus / (Deficit) on ordinary activities (2,760) 18,975
______ ______
Other operating expenses
Bank interest - -
______ ______
Surplus / (Deficit) on ordinary activities (2,760) 18,975
______ ______

13