PEATLANDS PLAYGROUP LIMITED
Reports and financial statements
Year ended 31 August 2023
(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 |
| Independent Examiner’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 | |
| Linda McClelland | |
| 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 2023.
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 £5,922 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 2023.
BY ORDER OF THE BOARD
Valerie Wilson 17 May 2024
___ ___ 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 August 2023, which are set out on pages 2 to 12.
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:
-
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 trustees 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.
Jonathan Ruddell
Jonathan Ruddell For Ruddell & Company Dungannon
28 May 2024
5
PEATLANDS PLAYGROUP LIMITED
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023
| Note | 2023 | 2022 | |
|---|---|---|---|
| £ | |||
| Income |
(1 & 2) | 78,186 | 72,772 |
| Direct costs | (4,708) | (5,581) | |
| ______ | ______ | ||
| Gross surplus | 73,478 | 67,191 | |
| Administrative expenses | (79,400) | (69,951) | |
| Other operating income | - | - | |
| _ | ______ | ||
| Operating surplus / (deficit) | (3) |
(5,922) | (2,760) |
| Bank interest | - | - |
|
| _ | ______ | ||
| Surplus / (deficit) transferred to reserves | (5,922) | (2,760) | |
| ====== | ====== |
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 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | £ | ||
| Fixed assets | |||
| Tangible assets | (4) | 42,281 | 45,510 |
| ______ |
______ | ||
| 42,281 |
45,510 | ||
| ______ |
______ | ||
| Current assets | |||
| Debtors | (5) | - |
- |
| Stock | (6) | - |
- |
| Cash at bank and in hand | 15,895 |
20,158 | |
| ______ | ______ | ||
| 15,895 | 20,158 | ||
| Creditors: amounts falling due | |||
| within one year | (7) | (856) | (626) |
| ______ | ______ | ||
| Net current assets | 15,039 | 19,532 | |
| ______ |
______ | ||
| Total assets less current liabilities | 57,320 |
65,042 | |
| Creditors: amounts falling due | |||
| after more than one year | (8) | (23,400) |
(25,200) |
| ______ |
______ | ||
| 33,920 |
39,842 | ||
| ===== |
===== | ||
| Capital and reserves | |||
| Profit & loss account |
(9) | 33,920 |
39,842 |
| ______ |
______ | ||
| Reserves | 33,920 |
39,842 | |
| ===== |
===== |
For the period ending 31 August 2023 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 2023
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.
Tangible Fixed Assets and Depreciation
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 2023
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):
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Depreciation of fixed assets | 1,429 | 1,747 | ||
| ===== | ===== | |||
| 4. | Tangible Fixed Assets | |||
| Freehold | Fixtures & | |||
| Buildings | Fittings | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 September 2022 | 75,911 | 7,011 | 82,922 | |
| Additions | - | - | - | |
| ______ | ______ | ______ | ||
| At 31 August 2023 | 75,911 | 7,011 | 82,922 | |
| ______ | ______ | ______ | ||
| Depreciation | ||||
| At 1 September 2022 | 33,208 | 4,204 | 37,412 | |
| Provided in the period | 2,668 | 561 |
3,229 | |
| ______ | ______ | ______ | ||
| At 31 August 2023 | 35,876 | 4,765 | 40,641 | |
| ______ | ______ | ______ | ||
| Net Book Value as at | ||||
| At 31 August 2023 | 40,035 | 2,246 | 42,281 | |
| ===== | ===== | ===== | ||
| At 1 September 2022 | 42,703 | 2,807 | 45,510 | |
| ===== | ===== | ===== |
9
PEATLANDS PLAYGROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (cont’d) FOR THE PERIOD ENDED 31 AUGUST 2023
| 5. | Debtors | ||
|---|---|---|---|
| 2023 | 2022 |
||
| £ | £ | ||
| Debtors | - | - | |
| ______ | ______ | ||
| - | - | ||
| ===== | ===== | ||
| 6. | Stock | ||
| 2023 | 2022 |
||
| £ | £ | ||
| 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 | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Trade Creditors and Accruals |
856 | 626 | |
| Bank loans |
- | - | |
| ______ | ______ | ||
| 856 | 626 | ||
| ===== | ===== | ||
| 8. | Creditors: amounts falling due after more than | one year | |
| 2023 | 2022 | ||
| £ |
£ | ||
| Deferred grant income |
23,400 | 25,200 | |
| ______ | ______ | ||
| 23,400 | 25,200 | ||
| ===== | ===== |
10
PEATLANDS PLAYGROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (cont’d) FOR THE PERIOD ENDED 31 AUGUST 2023
| 9. | Reserves | ||
|---|---|---|---|
| Income and Expenditure Account | |||
| 2023 | |||
| £ | |||
| As at 1 September 2022 | 39,842 | ||
| Retained surplus for the period | (5,922) | ||
| ______ | |||
| At 31 August 2023 | 33,920 | ||
| ===== | |||
| 10. | Directors and employees | ||
| Staff costs during the period were as follows: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Salaries and wages |
57,657 | 51,405 | |
| Social security costs | 3,265 | 3,190 | |
| ===== | ===== |
| The average number of employees of the company during the period were as | The average number of employees of the company during the period were as | The average number of employees of the company during the period were as |
|---|---|---|
| follows: | ||
| 2023 | 2022 | |
| 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 2023
12. Legal status of the company
The company is limited by guarantee and has no share capital. At 31 August 2023, the company had 8 members whose guarantee is limited to £1 each. The guarantee continues for one year after individual membership ceases.
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 2024.
12
PEATLANDS PLAYGROUP LIMITED
DETAILED INCOME & EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income | ||
| Turnover |
78,186 | 72,772 |
| _ | _ | |
| Direct costs | ||
| Materials | 4,708 | 5,581 |
| ______ | ______ | |
| 4,708 | 5,581 |
|
| ______ | _ | |
| Gross surplus |
73,478 | 67,191 |
| ______ | _ | |
| Administration expenses | ||
| Wages & Salaries |
60,922 | 54,595 |
| Rent Payable | 860 | 860 |
| Rates | 165 | 153 |
| Insurance | 926 | 910 |
| Light and heat | 1,970 | 2,417 |
| Repairs and maintenance | 4,230 | 2,250 |
| Printing, postage & stationary | 1,221 | 701 |
| Accountancy | 690 | 630 |
| Bank charges | 324 | 332 |
| Food | 2,864 | 2,174 |
| Early Years subscriptions | 2,279 | 1,992 |
| Travel & entertainment | 330 | 45 |
| Telephone | 830 | 664 |
| General Expenses | 360 | 481 |
| Depreciation on freehold property | 868 | 1,046 |
| Depreciation on fixtures & equipment | 561 | 701 |
| ______ | ______ | |
| 79,400 | 69,951 |
|
| ______ | ______ | |
| Surplus / (Deficit) on ordinary activities | (5,922) | (2,760) |
| ______ | ______ | |
| Other operating expenses | ||
| Bank interest | - | - |
| ______ | ______ | |
| Surplus / (Deficit) on ordinary activities | (5,922) | (2,760) |
| ______ | ______ |
13