## **Private & Confidential**
Mr Thomas Mallon Naíscoil an Chéide
St. Francis of Assisi Primary School Madden Row Keady Co. Armagh BT60 3RW
Our ref: 1853/AG/SM
30 September 2024
Dear Thomas
## **Re: Naíscoil an Chéide – Income & Expenditure Account**
Please find enclosed the following in relation to the above for the year ended 31 March 2024.
## 1. Income & Expenditure Account.
Can you please arrange to sign the enclosed documents at your earliest convenience and return to this office for onward submission to the Charities Commission for Northern Ireland.
If you have any queries regarding the enclosed, please do not hesitate to contact Andrea Gallagher at our office.
Yours sincerely,
_________________________
## **SCC Chartered Accountants**
## **Naíscoil an Chéide**
## **Financial Statements for the year ended 31 March 2024**
**______________________________________________________________________________________________________ SCC - Chartered Accountants and Statutory Auditors**
## **CONTENTS**
||**Page**|
|---|---|
|Charity Address and Other Information|3|
|Independent Examiner's Report to the members of Naíscoil an Chéide|4-6|
|Independent Examiner's Report|7|
|Income & Expenditure Account|8|
|Statement of Assets & Liabilities|9|
|Notes to the Financial Statements|10|
**______________________________________________________________________________________________________ SCC - Chartered Accountants and Statutory Auditors**
2
## **Charity Address & Other Information**
## **Trustee Board**
Mr Thomas Mallon Ms Áinín Cassidy Ms Patricia-Anne Murray Mr Michael Beagan
## **Charity Address**
St Francis of Assisi PS Madden Road Keady Co. Armagh BT60 3RW
## **Independent Examiners**
SCC Chartered Accountants & Registered Auditors 17 College Street Armagh Co. Armagh BT61 9BT
## **Bankers**
Ulster Bank 7 Upper English Street Armagh Co. Armagh BT61 7BL
**______________________________________________________________________________________________________ SCC - Chartered Accountants and Statutory Auditors**
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## **Trustees' Report**
The financial year the report relates to is: 1st April 2023 to the 31st March 2024
The trustees present their report with the financial statements of the charity for the year ending 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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).
## **Objectives and Activities**
The aim of the Naíscoil is to enhance, through the medium of Irish, the development and education of children under statutory school age by encouraging parents/guardians to understand and provide for the needs of their children by:-
● further developing the growth of the Irish-medium sector by establishing a Naíscoil in Keady for children aged 2 years and 10 months and above to pre school age;
● supporting the role of IME by developing an Irish-speaking community and Irish–speaking families in Keady which encourages the use of the Irish language outside of the school environment, further enhancing the language’s use and visibility;
● ensuring that Naíscoil an Chéide is adequately resourced to meet the demands of those interested in IM education in Keady and its surrounding area;
● assisting parents and carers of IME children to support their children’s learning;
● availing of the Naíscoil as a mechanism to develop the role of the IME as a focus for learning in the community and as a focus of making the community of Keady aware of the many advantages of IME;
● offering appropriate play facilities, with the right of parents/carers to take responsibility for and to become involved in the activities of the Naíscoil; ensuring that the Naíscoil offers opportunities for all children, regardless of religion, culture, race or means;
● encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs of such children and their families in the local areas;
● supporting the values and principles of the DHSS.
## **Public Benefit**
Currently up to 24 pupils can progress through Naíscoil an Chéide, the Irish language pre-school, directly benefiting 24 children but also their parents and families by enhancing the Irish language, its community and the childrens’ education through the medium of Irish. Since the Naíscoil was established in 2015 and every year since we have had graduates who have received their pre-school education through the medium of Irish.
The pupils of Naíscoil an Chéide, their parents, the larger Keady community and our expanding Irish language community benefit in a non pecuniary manner from Naíscoil an Chéide.
_______________________________________________________________________________________
SCC - Chartered Accountants and Statutory Auditors
4
## **Trustees' Report**
There is no private benefit to the committee members or anyone else.
In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities have helped to achieve the charity’s purposes and provide a benefit to the beneficiaries.
Naíscoil an Chéide is a pre-school through the medium of the Irish Language. We provide childcare/preschool to those parents who wish to introduce their children to a second language and that language of choice is Irish. All activities are organised through the medium of Irish and the children develop their understanding of the language in a playful and creative environment. Naíscoil an Chéide is a nondenominational preschool.
Naíscoil an Chéide are registered with the Southern Health and Social Services Board and adhere to all requirements of the Trust in making provision for children. Naíscoil an Chéide's primary source of funding is from the Education Authority through their pre school education expansion programme which is essentially a premium paid for the delivery of the pre-school curriculum to children who attend pre-school one year before starting primary school. Those children who are younger and are not pre-school do not attract any funding.
In 2022/23 and in 2023/24 Naícoil an Chéide has delivered the programme as per the Education Authority's specification from 08:45 until 12:00 5 days a week.
The management of Naiscoil an Chéide are delighted that the staff have had such a positive impact on our pre-schoolers with each child progressing on to their primary school of choice. Each year it is essential to fundraise in order to cover the costs of our programme. Our fundraising strategy is agreed and implemented at the start of each academic year and includes a Hallowe’en quiz, an Easter raffle and a coffee morning.
## **Financial Review**
During the year the charity made a surplus of £6,207 (2023: £12,950). The charity does not currently have any debts.
_______________________________________________________________________________________ SCC - Chartered Accountants and Statutory Auditors
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## **Trustees' Report**
## **Structure, Governance and Management**
Naíscoil an Chéide is controlled by it’s governing document, a deed of trust and constitutes an unincorporated charity. It is managed by a voluntary committee. This committee is made up of the trustees and other members. The committee meets three times per school term and each meeting is minuted. There is a chairperson, vice-chairperson, secretary and treasurer. The treasurer oversees the financial management of the charity, presenting a financial report at each meeting and presenting the accounts at the AGM.
## **Reference and Administrative Details**
The name of the charity, as it appears on the register of charities is Naíscoil an Chéide. It is not known by any other name.
The charity number is 108446.
The address of the charity is as follows: Naíscoil an Chéide ℅ St. Francis of Assisi Primary School Madden Row Keady Co. Armagh BT60 3RW
## **Trustees**
The trustees of the charity who served during the year are as follows:
Thomas Mallon Áinín Cassidy Patricia-Anne Murray Michael Beagan
## **Independent Examiner:**
SCC Chartered Accountants & Registered Auditors Armagh BT61 9BT
Approved by order of the board of trustees and signed on its behalf by:
Thomas Mallon (Trustee) Date: 30 September 2024
___________________________________________________________________________________________ SCC - Chartered Accountants and Statutory Auditors
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## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF NAÍSCOIL AN CHÉIDE**
We report on the income and expenditure accounts of the charity for the year ended 31 March 2024.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. It is our responsibility to:
1) examine the accounts under section 65 of the Charities Act;
2) 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; and
- 3) state whether particular matters have come to our attention.
## **BASIS OF INDEPENDENT EXAMINER'S REPORT**
We have examined your charity accounts as required under section 65 of the Charities Act and our 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. The 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 unusal items or disclosures in the accounts, 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;
- 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**
We have completed our examination and have no concerns in respect of the matter (1) 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.
**Sean G. Cavanagh For and on behalf of SCC Chartered Accountants & Statutory Auditors**
17 College Street Armagh Co. Armagh BT61 9BT
## **30 September 2024**
**______________________________________________________________________________________________________ SCC - Chartered Accountants and Statutory Auditors**
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## **Naíscoil an Chéide**
## **INCOME & EXPENDITURE ACCOUNT**
## **for the year ended 31 March 2024**
|**Income**
EA Grant/PEAGs
Snack Fees
HSCNI
SHSCT
Donations
Fundraising
Milk Remit
Other
**Total Income**
**Expenditure**
Wages
Entertainment & Trips
Food
Equipment
Maintenance
Postage & Stationery
Educational Resources
Rent
Rates
Telephone
Insurance
Professional Fees
Accountancy
Sundry
PAYE
Pension Contributions
Sports Equipment
**Total Expenditure**
**Profit/(loss) for the financial year**|**2024**
**£**
**58,646**
**891**
**934**
**2,320**
**120**
**9,765**
**1,033**
**1,677**
**75,385**
**50,372**
**757**
**3,018**
**2,448**
**338**
**647**
**1,135**
**1,100**
**65**
**311**
**706**
**-**
**2,132**
**1,375**
**2,496**
**2,134**
**144**
**69,178**
**6,207**|**2023**
**£**
58,411
910
1,861
2,200
555
8,572
891
660
74,060
45,895
890
2,365
1,884
146
420
3,366
1,100
57
500
642
660
180
145
1,252
1,444
164
61,110
12,950|
|---|---|---|
## **Approval of Account**
The foregoing Income & Expenditure Account was approved by the Trustees on 30 September 2024 and signed by Thomas Mallon.
**______________________________________________________________________________________________________ SCC - Chartered Accountants and Statutory Auditors**
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## **Statement of Assets & Liabilities - Year Ended 31st March 2024 for the year ended 31st March 2024**
|**Reconciliation of Funds at 31.03.24**
Total funds brought forward
Surplus/(deficit) this year end
Total funds carried forward
**Bank & Cash Balances**
Cash at bank and in hand
**Represented by**
Unrestricted funds
Restricted funds
**Total Funds**|**2024**
**2023**
**£**
**£**
69,469
56,518
6,207
12,951
75,676
69,469
75,676
69,469
75,676
69,469
15,000
15,000
60,676
54,469
75,676
69,469|
|---|---|
__________________________________________________________________________________________ SCC - Chartered Accountants and Statutory Auditors
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## **Notes to the Financial Statements for the Year Ended 31st March 2024**
## **1. Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows;
- a) Preparation of accounts on a going concern basis
The charity generally meets its day to day working capital requirements from its annual income. The trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the charity has the resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going concern basis.
## b) Expenditure
Expenditure is recognised on a cash payment basis.
## **2.Taxation**
Naíscoil and Chéide is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities.
## **3. Analysis of trustee remuneration and expenses**
No trustee received any payments from the charity.
________________________________________________________________________________________ SCC - Chartered Accountants and Statutory Auditors
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