DRAPERSTOWN AFTER SCHOOL CLUB LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31st 2024 DRAPERSTOWN AFTER SCHOOL CLUB LTD TRUSTEES' REPORT AND ACCOUNTS |COMPANY INFORMATION
TRUSTEES' REPORT
INDEPENDENT EXAMINERS REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS|PAGE NO| |---|---| ||1
2-3
4
5
6
7-10| PAGE 1 DRAPERSTOWN AFTER SCHOOL CLUB LTD ## COMPANY INFORMATION Trustees/Directors Patrick McShane Caroline Kelly Brian McGuigan Aine Loughran Secretary Patrick McShane Company Number NI25840 Principal and Registered Office 5 Tobermore Road The Business Centre DRAPERSTOWN Co Londonderry BT45 7AG Accountants EM Accountants 2nd Floor Gortalowry House 94 Church Street COOKSTOWN Co Tyrone BT80 8HX Bankers Ulster Bank 23 High Street DRAPERSTOWN Co Londonderry BT45 7AB PAGE 2 DRAPERSTOWN AFTER SCHOOL CLUB LTD TRUSTEES' REPORT (Including Directors Report) FOR THE YEAR ENDED MARCH 31st 2024 The Trustees, who are also the directors of the company for the purposes of the Companies Act, present their report and financial statements for the year ended March 31st 2024. The information with respect to trustees, directors, officers and advisers set out on the information page, forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association, applicable Accounting Standards in the United Kingdom and the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities (FRS102)". ## OBJECTIVES AND ACTIVITIES In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission guidance on public benefit. The principal activity of the company is the provision of after school care for the local children. ## ACHIEVEMENTS AND PERFORMANCE The charitable company continues to provide an invaluable service to the local communities of Draperstown, Lower Glenshane and Tobermore. It provides safe, stimulating and affordable daycare for children living in this rural, disadvantaged area. Demand for the service from local families remains high. During the year we had our annual inspection from NHSC and received exemplary feedback on the quality of provision. ## FINANCIAL REVIEW The statement of financial activities for the year are set out on page 5 of the financial statements. A summary of the financial results of the charity is set out below. |OVERALL SUMMARY
INCOMING RESOURCES
TOTAL RESOURCES EXPENDED
SURPLUS/(DEFICIT) FOR PERIOD|£
104,142
90,924
13,218| |---|---| ## RESERVES POLICY The charity's policy on restricted funds is to separately record donations, grants and other sources of funding where restrictions are imposed on their use by the donor. The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets or designated for specific purposes ("the free reserves") held by the charity should be approximately six months of the resources expended. In addition to this the trustees have set a target of £21,980 to be held as reserves to take account of redundancy payments in the event that the company cannot continue in operation. This equates to £65,467 in general funds. At this level, the trustees consider that they would be able to continue the current activities of the charity in the event of a significant drop in income. It would also be necessary to consider how the income would be replaced. At the balance sheet date the company had free reserves of £72,226. ## PLANS FOR THE FUTURE The Trustees aim to provide the provision of after school care for the foreseeable future. In conjunction with similar organisations they will continue to lobby Government for sufficient resources to help fund the activities. In addition other ways of fundraising will be explored to ensure the long-term continuation of services. ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## STRUCTURE AND MANAGEMENT The company is a company limited by guarantee with charitable status. The company was established under a Memorandum of Association which established its objects. The day-to-day operation of the company is delegated to a management team who are responsible for providing the charity's services. The Trustees, in conjunction with the management team, have reviewed the risks to which the charity is exposed and established systems to mitigate those risks. PAGE 3 DRAPERSTOWN AFTER SCHOOL CLUB LTD ## GOVERNANCE During the period under review the trustees met every 13 weeks (4 times during the period). A panel comprised of existing trustees, selects members for the board. Trustees serve for a two year period and may be re-elected for further two year periods. The trustees who served during the period are listed on the information page. ## REFERENCE AND ADMINISTRATION DETAILS Draperstown After School Club Ltd (the charity), is a charitable company limited by guarantee, incorporated on August 23rd 1991. It is registered with the Companies Registrar under registration number NI 25840. It is also recognised as a charity by the Inland Revenue, XR 18366 and registered as a charity with the Charity Commission for Northern Ireland under reference NI108627. The trustees and secretary of the charity are listed on the information page. The principal and registered office of the charity is also listed on the information page together with details of the bankers. ## CHANGES IN FIXED ASSETS The movements in fixed assets during the year are set out in the notes to the financial statements. ## TAXATION As a charity, the company is not liable for corporation tax on its income or on capital gains to the extent that these are applied to its charitable objects. STATEMENTS OF TRUSTEES' RESPONSIBILITIES IN RESPECT OF THE ANNUAL REPORT AND THE FINANCIAL STATEMENTS The trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that year. In preparing these financial statements, the trustees are required to:- |-
select suitable accounting policies and apply them consistently;| |---| |-
make judgements and estimates that are reasonable and prudent;| |-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.| |The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose| |with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the| |Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention| |and detection of fraud and other irregularities.| ## IN GRATITUDE The trustees wish to convey their sincere thanks to the many volunteers and staff who have so generously given their support to the charity, With their support the trustees look forward to continuing to enhance the delivery of the charitable services of the company. This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. This report was approved and authorised for issue by the trustees on November 14th 2024 and signed on their behalf by: ## Patsy McShane Patsy McShane (Nov 15, 2024 09:56 GMT) Patrick McShane Director PAGE 4 DRAPERSTOWN AFTER SCHOOL CLUB LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DRAPERSTOWN AFTERSCHOOL CLUB LTD I report on the accounts of the compay for the year ended 31st March 2024 which are set out on pages 5 to 10. ## RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008; - 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 - 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. 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 includes condsideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning 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 386 of the Companies Act 2006 - 2 that the accounts do not accord with those accounting records - 3 that the accounts do not comply with the accounting requirements of the section 396 of the Companies Act 2006 and with the methods and principles of the 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 - 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. ## Paul McKillop (Nov 15, 2024 11:58 GMT) Paul McKillop F.C.C.A EM Accountants Chartered Accountants 2nd Floor Gortalowry House 94 Church Street COOKSTOWN Co Tyrone BT80 8HX November 14th 2024 PAGE 5 DRAPERSTOWN AFTER SCHOOL CLUB LTD STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING SUMMARY INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED MARCH 31st 2024 |NOTE
Income
Income from Charitable Activities
3
LESS: Expenditure
Expenditure on Charitable Activities:
Running and Operating Costs
4
Total Expenditure
Net income/(expenditure) and Movement in Fund
Reconciliation of Funds
Total Funds Brought Forward
Total Funds Carried Forward|UNR

s for Year|2024
ESTRICTED
R
FUNDS
£
77,507
63,546
63,546
13,961
60,256
74,217|ESTRICTED
FUNDS
£
26,635
27,378
27,378
-743
6,486
5,743|202
£
90,924|4
TOTAL
FUNDS
£
104,142

90,924
13,218
66,742
79,960|
£
90,182|2023
TOTAL
FUNDS
£
89,863

90,182
-319
67,061
66,742| |---|---|---|---|---|---|---|---| There are no recognised gains or losses other than the surplus or deficit for the above two financial years. All of the above amounts relate to continuing activities. THE NOTES ON PAGES 7 TO 10 FORM PART OF THESE FINANCIAL STATEMENTS PAGE 6 DRAPERSTOWN AFTER SCHOOL CLUB LTD BALANCE SHEET AS AT MARCH 31st 2024 |NOTE
Fixed Assets
Tangible Assets
9
Current Assets
Debtors
5
Cash at Bank and in Hand
Current Liabilities
Creditors: Falling Due within one year
6
Net Current Assets
Net Assets
Funds of the Charity
Unrestricted Funds
Restricted Funds
10
Members' Funds|2
£
8,428
78,261
86,689
11,842
11,842|024
£
5,113





74,847
79,960
74,217
5,743
79,960|20
£
7,672
54,710
62,382
4,704
4,704|23
£
9,064





57,678
66,742
60,256
6,486
66,742| |---|---|---|---|---| In approving these financial statements as trustees of the company we hereby confirm: - (a) that for the year ended 31st March 2024 the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006; - (b) that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted - (c) that we acknowledge our responsibilities for: - (1) ensuring that the company keeps accounting records which comply with Section 386; and - (2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Section 393 and which otherwise comply with the provisions of the Companies Act 2006 relating to financial statements, so far as applicable to the company. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved and authorised for issue by the board on November 14th 2024 and signed on its behalf by ## Patsy McShane Patsy McShane (Nov 15, 2024 09:56 GMT) Patrick McShane DIRECTOR Registration Number NI025840 THE NOTES ON PAGES 7 TO 10 FORM PART OF THESE FINANCIAL STATEMENTS PAGE 7 DRAPERSTOWN AFTER SCHOOL CLUB LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31st 2024 - 1 PRINCIPAL ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items, which are considered material in relation to the company's accounts. - a BASIS OF ACCOUNTING The accounts have been prepared in accordance with the historical cost convention and comply with financial reporting standards of the Accounting Standards Board and the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' (FRS 102) and in accordance with the Charties Act (Northern Ireland) 2008 and Companies Act 2006 and UK GAAP as it applies from 1 January 2015. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The financial statements are presented in sterling which is the functional currency of the charity. The Financial Statements comply with SORP (FRS 102). - b FIXED ASSETS All fixed assets are initially recorded at cost. The carrying value of fixed assets are reviewed annually for impairment if events or changes in circumstances indicate the carrying value may not be recoverable. - c DEPRECIATION Depreciation has been provided to write off the cost of fixed assets over their estimated useful lives at the following rates: - Refurbishment of Buildings 10% (Straight Line) Equipment 10%-25% (Straight Line) - d GRANTS Grants that relate to specific capital expenditure are credited to restricted incoming resources when receivable. Depreciation on the fixed assets purchased with such grants is charged against the restricted fund. Revenue grants are credited to the Financial Activities in the year which they fall due. - e FUND ACCOUNTING The charity has various types of funds for which it is responsible and which require separate disclosure. Definitions of the various types of funds are as follows:- - i Unrestricted funds - The unrestricted fund is available for use at the discretion of the Board of Directors, to be used in the furtherance of the general objectives of the company. - ii Designated funds - The unrestricted funds earmarked by the Board of Directors for particular purposes. - iii Restricted funds - The restricted funds are subjected to restrictions on their use imposed by the donor. The restrictions on the use of the funds are legally binding on the Board of Directors. - f INCOMING RESOURCES - All incoming resources are included in the statement of financial activities when the company is entitled to the income and the amount can be quantified with reasonable accuracy. ## g RESOURCES EXPENDED Expenditure is recognised on an accrual basis as a liability is incurred. ## h DEBTORS AND CREDITORS Short term debtors and creditors are measured at transaction price (which is usually the invoice price). ## i GOING CONCERN There are no material uncertainties about the charitys ability to continue. ## 2 TRANSACTIONS INVOLVING TRUSTEES During the year the Company entered into no transactions involving Trustees. The Trustees did not receive any remuneration or expenses during the year (2023 year : Nil). ## 3 INCOME FROM CHARITABLE ACTIVITIES |Fees and Other Income
Bank of Ireland Grant
Bright Start Childcare Support Grant
Bright Start Revenue Grant
Community Fund Grant
CWSAN Fun and Play Grant
CWSAN Mirco Grant
Department of Health Grant
Dept of Communities Grant
DFE -Apprenticeship Scheme
Irish Society Grant
Mid Ulster Council|UNR|YEAR TO MARCH 31st
2024
ESTRICTED
R
FUNDS
£
76,557
450
-
-
-
-
-
-
-
500
-
-
77,507|ESTRICTED
FUNDS
£
-
-
-
14,965
8,736
-
-6
800
-
-
1,400
740
26,635|YEAR TO M
20
76,557
450
-
14,965
8,736
-
-6
800
-
500
1,400
740|ARCH 31st
24
TOTAL
FUNDS
£









104,142|YEAR TO MARCH 31st
2023
TOTAL
FUNDS
£
70,096
-
-
14,805
-
738
875
891
2,458
-
-
89,863| |---|---|---|---|---|---|---| Income shown in unrestricted funds in the year to 31st March 2023 was £70,096 from fees and other income and £2,458 from DFE - Apprenticeship Scheme. All other amounts were restricted funds. PAGE 8 DRAPERSTOWN AFTER SCHOOL CLUB LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31st 2024 ## 4 EXPENDITURE **----- Start of picture text -----**
YEAR TO MARCH 31st MARCH 31st MARCH 31st
2024 2024 2023
UNRESTRICTED RESTRICTED TOTAL TOTAL
FUNDS FUNDS FUNDS FUNDS
£ £ £ £
COSTS OF GENERATING FUNDS - - - -
EXPENDITURE ON CHARITABLE ACTIVITIES
Accountancy 924 - 924 950
Administration Costs 3,336 - 3,336 3,038
Depreciation on Equipment 62 789 851 1,610
Depreciation on Refurbishment of Buildings 525 2,575 3,100 3,103
Equipment and Consumables 543 92 635 2,480
General Expenses 331 - 331 381
Heat, Light and Power 2,124 800 2,924 3,140
Insurance 2,941 - 2,941 2,684
Minibus Management Expenses 3,600 - 3,600 3,600
Other Activities Expenses - 600 600 -
Rent 7,500 - 7,500 9,500
Repairs and maintenance 926 1,400 2,326 662
Staff Development and Training 790 - 790 200
Travelling and Subsistence 3,389 42 3,431 2,053
Wages and Salaries 36,555 21,080 57,635 56,781
63,546 27,378 90,924 90,182
**----- End of picture text -----**
Expenses shown in Restricted Funds in the year to 31st March 2023 were Wages and Salaries (£14,805), Equipment and Consumables (£1,613), Heat, Light and Power (£891), Depreciation on Equipment (£1,511) and Depreciation on Refurbishment of Buildings (£2,582). All other expenses were shown in unrestricted funds. |5
6
7|DEBTORS
: Amounts falling due within one year
Draperstown After School Club Grants
Prepayments
CREDITORS
: Amounts falling due within one year
Trade Creditors and Accruals
Other Taxation & Social Security Costs
PARTICULARS OF EMPLOYEES
The average number of persons employed by the company during the year was as follows:
The aggregate payroll cost of these employees were as follows:|2024
£
5,339
3,089
8,428
11,842
-
11,842
6
57,635|2023
£
6,215
1,457
7,672
4,704
-
4,704
6
56,781| |---|---|---|---| ## 8 TAXATION The company has charitable status within the meaning of Section 506(1) Income and Corporation Taxes Act 1998 and as such its activities are outside the scope of Corporation Tax. PAGE 9 DRAPERSTOWN AFTER SCHOOL CLUB LTD NOTES TO THE FINANCIAL STATEMENTS - (CONTINUED) FOR THE YEAR ENDED MARCH 31st 2024 ## 9 SCHEDULE OF FIXED ASSETS |REFURBISHMENT OF BUILDINGS
Cost
Depreciation
Net Book Value
EQUIPMENT
Cost
Depreciation
Net Book Value
TOTAL FIXED ASSETS
Net Book Value||Balance
Additions
Disps
Deprec'n
as at
During
During
for
01/04/23
Period
Period
Period
£
£
£
£
53,297
(45,417)
(3,100)
7,880
12,098
(10,914)
(851)
1,184
9,064|Balance
as at
31/03/24
53,297
(48,517)
4,780
12,098
(11,765)
333
5,113| |---|---|---|---| The cost of tangible fixed assets (whether acquired or self constructed) comprises of purchase price (after deduction of trade discounts and rebates) and any costs directly attributable to bringing them into working condition for their intended use. |10|RESTRICTED FUNDS
Brackagh Quarry Wind Farm Community Fund Grant
Bright Start Revenue Grant
Bright Start Capital Grant
Community Fund Grant
CWSAN - Rural Micro Grant
CWSAN - Capital Grant
Department of Health Grant
Department of Communities Grant
Health & Social Care Grant
Irish Society Grant
Mid Ulster Council
Brackagh Quarry Wind Farm Community Fund Grant
Bright Start Revenue Grant
Bright Start Capital Grant
CWSAN - Fun and Play Grant
CWSAN - Rural Micro Grant
CWSAN - Capital Grant
DAERA Grant
Department of Communities Grant
Department of Communities Grant
Department of Communities Grant
Health & Social Care Grant|BALANCES
AT 1.4.23
69
-
4,794
-
-
900
-
285
438
-
-
6,486
BALANCES
AT 1.4.22
118
-
7,394
-
-
1,200
95
616
468
-
688
10,579|INCOMING

RESOURCES
-
14,965
-
8,736
-6
-
800
-
-
1,400
740
26,635
INCOMING

RESOURCES
-
14,805
-
738
875
-
-
-
-
891
-
17,309|RESOURCES
EXPENDED
49
14,965
2,583
6,115
-6
300
800
182
250
1,400
740
27,378
RESOURCES
EXPENDED
49
14,805
2,600
738
875
300
95
616
183
891
250
21,402||BALANCES
AT 31.3.24
20
-
2,211
2,621
-
600
-
103
188
-
-
5,743
BALANCES
AT 31.3.23
69
-
4,794
-
-
900
0
0
285
-
438
6,486| |---|---|---|---|---|---|---| ## 11 INDEPENDENT EXAMINERS REMUNERATION Independent Examiners remuneration for examination of the financial statements amounted to £924 (2023: £950) 12 GENERAL INFORMATION Draperstown After School Club Ltd (registered number NI025840) is a limited by guarantee company incorporated in Northern Ireland. The registered office is 5 Tobermore Road, The Business Centre, Draperstown, Co. Londonderry, BT45 7AG. The company paid rent to Workspace (Draperstown) Limited during the year £7,500 (2023: £9,500) together with management expenses of £3,600 (2023: £3,600) a company with common directors. The balance at the year end is £3,600 and is inlcuded in trade creditors. The company also paid administration expenses to Workspace Enterprises Limited during the year of £3,303 (2023: £3,004). The company is controlled by the board. In the opinion of the directors there is no ultimate controlling party. 13 RELATED PARTY TRANSACTIONS AND ULTIMATE CONTROLLING PARTY PAGE 10 ## DRAPERSTOWN AFTER SCHOOL CLUB LTD ## NOTES TO THE FINANCIAL STATEMENTS - (CONTINUED) FOR THE YEAR ENDED MARCH 31st 2024 ## 14 ANALYSIS OF NET ASSETS BETWEEN FUNDS **----- Start of picture text -----**
UNRESTRICTED RESTRICTED TOTAL
FUNDS FUNDS FUNDS
2024 2024 2024
£ £ £
Tangible Fixed Assets 1,991 3,122 5,113
Current Assets 84,068 2,621 86,689
Current Liabilities (11,842) - (11,842)
74,217 5,743 79,960
UNRESTRICTED RESTRICTED TOTAL
FUNDS FUNDS FUNDS
2023 2023 2023
£ £ £
Tangible Fixed Assets 2,577 6,486 9,063
Current Assets 62,382 - 62,382
Current Liabilities (4,704) - (4,704)
60,255 6,486 66,741
**----- End of picture text -----**