COMPANY REGISTRATION NUMBER: NI678805 CHARITY REGISTRATION NUMBER: NIC108434
Puddleducks Playgroup Ltd Company Limited by Guarantee
Unaudited Financial Statements
30 April 2025
SP McCAFFREY & CO
Chartered accountants
50 Campsie Road Omagh Co Tyrone BT79 0AG
Puddleducks Playgroup Ltd
Company Limited by Guarantee
Financial Statements
Year ended 30 April 2025
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 15 |
| Notes to the detailed statement of financial activities | 16 |
Puddleducks Playgroup Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 April 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 April 2025.
Reference and administrative details
Registered charity name Puddleducks Playgroup Ltd Charity registration number NIC108434 Company registration number NI678805 Principal office and registered 15 Drudgeon Road office Clannabogan Omagh Co Tyrone BT78 1TJ The trustees Mr A Duncan Mrs G Logue Mrs K McLaren Mr C Colton (Resigned 13 December 2024) Mr R Mowlam (Resigned 13 December 2024) Mrs D Dolan (Resigned 13 December 2024) Mrs G Gallagher Mrs Kym Griffin Mrs A Murray Mr C Lynch Mrs N McCrossan Mrs E O Donnell Independent examiner SP McCaffrey & Co 50 Campsie Road Omagh Co Tyrone BT79 0AG
Structure, governance and management
Puddleducks Playgroup Ltd is registered with the Charity Commission for Nothern Ireland.
Puddleduck Playgroup Ltd has a responsibility to conduct its business efficiently. The establishment of, and the strict adherence to sound financial management policies is an integral part of the organisation. The trustees and Management Committee are committed to establishing, maintaining and applying all necessary good practice to ensure that their duty of care to the management of finances of the organisation are fulfilled. The trustees are responsible for taking the strategic decisions of how the Charity will move forward and who also are responsible for appointments of future trustees.
It is essential that Puddleduck Playgroup Ltd control all operational risks as far as is possible. This includes the participation of all those involved directly or indirectly with the banking arrangements for
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the organisation. Along with the financial systems of the organisation, this policy aims to detail responsibilities, risk management, internal controls, and audit requirements associated with the use of online banking.
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 April 2025
Objectives and activities
Principal activity
Waldorf Puddleducks Playgroup Ltd is a pre-school setting. Staff members are highly trained and experienced, led by a trained waldorf kindergarten teacher. This curriculum is planned in line with the NI preschool curriculum. The organisation has an extensive bank of policies pertaining to all areas within the pre-school curriculum, identifying all the areas of learning, health and safety and child protection to ensure a cohesive approach to the children's learning. The children are taught through a waldorf play based curriculum which allows students to develop a strong connection to nature and the outdoors.
The benefit flowing from the purposes of Puddleducks Playgroup Ltd is that all children in the community will have equal opportunities to learn and develop their personal capabilities and thinking skills to achieve their potential with the Northern Ireland Pre-school curriculum. The children have a safe and secure environment in which they can develop, which benefits their wellbeing as a whole. This will benefit the community as a whole as the children in the Pre-school setting will begin their school career on a positive footing towards becoming good citizens within the community. The children's performance will be monitored, observed and recorded by fully trained staff, who are in turn inspected regularly by inspection authorities.
Achievements and performance
Achievements and performance
The charity continued to operate successfully throughout the year and meet the objectives that it was set up to achieve as listed above.
Financial review
Review of the Business
The charity is non-profit making with a net surplus of £17,923 for the year. The management continues to be engaged in ongoing efficiency savings and is aware of the sustainable use of resources.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 April 2025
The trustees' annual report was approved on 26 November 2025 and signed on behalf of the board of trustees by:
Mr A Duncan Trustee
Mrs K McLaren Trustee
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Puddleducks Playgroup Ltd
Year ended 30 April 2025
I report to the trustees on my examination of the financial statements of Puddleducks Playgroup Ltd ('the charity') for the year ended 30 April 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the ‘2008 Act’) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
SP McCaffrey & Co Independent Examiner 50 Campsie Road Omagh Co Tyrone BT79 0AG
26 November 2025
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 30 April 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 66,219 | 66,219 | 57,574 |
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| Total income | 66,219 | 66,219 | 57,574 | |
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| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | 48,296 | 48,296 | 47,891 |
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| Total expenditure | 48,296 | 48,296 | 47,891 | |
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| Net income and net movement in funds | 17,923 | 17,923 | 9,683 | |
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| Reconciliation of funds | ||||
| Total funds brought forward | 116,333 | 116,333 | 77,729 | |
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| Total funds carried forward | 134,256 | 134,256 | 87,412 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 13 form part of these financial statements.
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Statement of Financial Position
30 April 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 10 | 12,820 | 14,244 |
| Current assets | |||
| Cash at bank and in hand | 126,846 | 108,114 | |
| Creditors: amounts falling due within one year | 11 | 5,410 | 6,025 |
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| Net current assets | 121,436 | 102,089 | |
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| Total assets less current liabilities | 134,256 | 116,333 | |
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| Net assets | 134,256 | 116,333 | |
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| Funds of the charity | |||
| Unrestricted funds | 134,256 | 116,333 | |
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| Total charity funds | 14 | 134,256═════════ |
116,333═════════ |
For the year ending 30 April 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 26 November 2025, and are signed on behalf of the board by:
Mrs K McLaren Trustee
The notes on pages 7 to 13 form part of these financial statements.
Draft Accounts
12:11 on 5 November 2025
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 April 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 15 Drudgeon Road, Clannabogan, Omagh, Co Tyrone, BT78 1TJ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Draft Accounts
12:11 on 5 November 2025
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
3. Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Eduction Authority | 57,678 | 57,678 | 45,429 | 45,429 | |
| Parent Contributions | 5,363 | 5,363 | 6,431 | 6,431 | |
| Keep NI Beautiful | 1,000 | 1,000 | – | – | |
| Grants Received | – | – | 2,484 | 2,484 | |
| Fundraising | 2,178 | 2,178 | 3,230 | 3,230 | |
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| 66,219 | 66,219 | 57,574 | 57,574 | ||
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| 5. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Main Activity | 48,296 | 48,296 | 47,891 | 47,891 | |
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| 6. | Expenditure on charitable activities | by activity type | |||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly | 2025 | 2024 | |||
| £ | £ | £ | |||
| Main Activity | 48,296 | 48,296 | 47,891 | ||
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| 7. | Net income | ||||
| Net income is stated after charging/(crediting): | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 1,424═══════ |
1,583═══════ |
8. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Wages and salaries | 33,368 | 33,412 |
| Employer contributions to pension plans | 2,217 | 1,712 |
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| 35,585 | 35,124 | |
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
8. Staff costs (continued)
The average head count of employees during the year was 4 (2024: 3). The average number of full-time equivalent employees during the year is analysed as follows:
2025 2024 No. No. Number of staff - 4 3 ════ ════
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
9. Trustee remuneration and expenses
10. Tangible fixed assets
| Equipment | |
|---|---|
| £ | |
| Cost | |
| At 1 May 2024 and 30 April 2025 | 17,586 |
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| Depreciation | |
| At 1 May 2024 | 3,342 |
| Charge for the year | 1,424 |
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| At 30 April 2025 | 4,766 |
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| Carrying amount | |
| At 30 April 2025 | 12,820 |
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| At 30 April 2024 | 14,244 |
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11. Creditors: amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 2,251 | 1,500 |
| Accruals and deferred income | 3,023 | 4,388 |
| Social security and other taxes | 136 | 137 |
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| 5,410 | 6,025 | |
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|
| Deferred income | ||
| 2025 | 2024 | |
| £ | £ | |
| At 1 May 2024 | 3,023 | 4,388 |
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12. Deferred income
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
13. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,217 (2024: £1,712).
14. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 | May 2024 | Income | Expenditure | Transfers | 30 April 2025 |
|
| £ | £ | £ | £ | £ | ||
| General funds | 116,333 | 66,219 | (48,296) | – | 134,256 |
|
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| At | At | |||||
| 1 | May 2023 | Income | Expenditure | Transfers | 30 April 2024 |
|
| £ | £ | £ | £ | £ | ||
| General funds | 77,729 | 57,574 | (47,891) | 28,921 | 116,333 |
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Management Information
Year ended 30 April 2025
The following pages do not form part of the financial statements.
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 30 April 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Education Authority | 57,678 | 45,429 |
| Parent Contributions | 5,363 | 6,431 |
| Keep NI Beautiful | 1,000 | – |
| Grants Received | – | 2,484 |
| Fundraising | 2,178 | 3,230 |
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| 66,219 | 57,574 | |
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| Total income | 66,219 | 57,574 |
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| Total expenditure | 48,296 | 47,891 |
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| Net income | 17,923 | 9,683 |
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Puddleducks Playgroup Ltd
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 30 April 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Main Activity | ||
| Activities undertaken directly | ||
| Direct charitable main activity - wages/salaries | 33,368 | 33,412 |
| Direct charitable main activity - pension costs | 2,217 | 1,712 |
| Direct charitable main activity - light & heat | 2,019 | 1,426 |
| Direct charitable main activity - repairs & maintenance | 2,316 | 3,265 |
| Direct charitable main activity - insurance | 656 | 570 |
| Direct charitable main activity - Accountancy | 1,326 | 1,182 |
| Direct charitable main activity – Consultancy Fees | 1,555 | – |
| Direct charitable main activity - raffle prizes | – | 1,229 |
| Direct charitable main activity - sundry | 1,020 | – |
| Direct charitable main activity - legal and professional fees | – | 200 |
| Direct charitable main activity - Subscription | 113 | 412 |
| Direct charitable main activity - amortisation | (1,365) | (1,365) |
| Direct charitable main activity - depreciation | 1,424 | 1,583 |
| Direct charitable main activity - printing & advertising | 355 | 205 |
| Direct charitable main activity - Early Years | 1,596 | 2,075 |
| Direct charitable main activity - Education Accessories | 1,538 | 1,644 |
| Direct charitable main activity - Bank Interest & Fees | 78 | 79 |
| Direct charitable main activity - Food | 80 | 262 |
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| 48,296 | 47,891 | |
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| Expenditure on charitable activities | 48,296 | 47,891 |
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