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COMPANY REGISTRATION NUMBER: NI038678
CHARITY REGISTRATION NUMBER: NIC103782
Dungiven Community Pre-School Playgroup
Company Limited by Guarantee
Unaudited Financial Statements
31 August 2024
Dungiven Community Pre-School Playgroup
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2024
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
Dungiven Community Pre-School Playgroup
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2024
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 31 August 2024 .
Reference and administrative details
Registered charity name
Dungiven Community Pre-School Playgroup
Charity registration number
NIC103782
Company registration number
NI038678
Principal office and registered
42a Mitchell Park
office
Dungiven
Co Derry
BT47 4LW
The trustees
Ms L McReynolds
Ms L Mullin
(Resigned 26 November 2024)
Ms U O'Kane
Ms K Grieve
Mrs A O'Kane
(Resigned 2 November 2023)
Mrs CT Mullan
(Resigned 2 November 2023)
Mrs C Doran
(Resigned 2 November 2023)
Miss EO Craig
(Resigned 2 November 2023)
Mrs S McCartney
(Resigned 26 November 2024)
Mrs A O'Connell
Miss L McElhinney
(Resigned 26 November 2024)
Mrs A Lynch
(Appointed 26 November 2024)
Dr A Devlin-Mullan
(Appointed 26 November 2024)
Mrs G Canning
(Appointed 26 November 2024)
Mrs S McCloskey
(Appointed 26 November 2024)
Independent examiner
Shaun McElhinney
1b Brookmount Crescent
Omagh
Co Tyrone
BT78 5HG
Structure, governance and management
The organisation is a charitable company, limited by guarantee, incorporated on 13 May 2000 and accepted as a charity by HM Revenue & Customs on 10 July 2002. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
The trustees of the charity, who are also directors, are detailed on page 1.
Objectives and activities
The charity operates a playgroup for pre-school children.
Achievements and performance
The results for the year are contained in the financial statements.
Financial review
Dungiven Community Preschool was operating at almost full capacity for the year ended 31 August 2024 which has led to an increase in turnover.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 20 May 2025 and signed on behalf of the board of trustees by:
Ms L McReynolds
Trustee
Dungiven Community Pre-School Playgroup
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Dungiven Community Pre-School Playgroup
Year ended 31 August 2024
I report to the trustees on my examination of the financial statements of Dungiven Community Pre-School Playgroup ('the charity') for the year ended 31 August 2024.
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:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. 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
4. 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.
Shaun McElhinney Independent Examiner
1b Brookmount Crescent Omagh Co Tyrone BT78 5HG
20 May 2025
Dungiven Community Pre-School Playgroup
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 August 2024
2024
2023
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Donations and legacies
5
63,049
63,049
54,156
Investment income
6
8
8
4
Other income
7
68
68
265
--------
--------
--------
Total income
63,125
63,125
54,425
--------
--------
--------
Expenditure
Expenditure on charitable activities
8,9
64,928
64,928
70,485
--------
--------
--------
Total expenditure
64,928
64,928
70,485
--------
--------
--------
--------
--------
--------
Net expenditure and net movement in funds
( 1,803)
( 1,803)
( 16,060)
--------
--------
--------
Reconciliation of funds
Total funds brought forward
81,063
81,063
97,123
--------
--------
--------
Total funds carried forward
79,260
79,260
81,062
--------
--------
--------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Dungiven Community Pre-School Playgroup
Company Limited by Guarantee
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible fixed assets
14
55,749
57,265
Current assets
Cash at bank and in hand
25,147
26,670
Creditors: amounts falling due within one year
15
1,636
2,872
--------
--------
Net current assets
23,511
23,798
--------
--------
Total assets less current liabilities
79,260
81,063
--------
--------
Net assets
79,260
81,063
--------
--------
Funds of the charity
Unrestricted funds
79,260
81,062
--------
--------
Total charity funds
17
79,260
81,062
--------
--------
For the year ending 31 August 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- 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 20 May 2025 , and are signed on behalf of the board by:
Ms L McReynolds
Trustee
Dungiven Community Pre-School Playgroup
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
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 42a Mitchell Park, Dungiven, Co Derry, BT47 4LW.
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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No judgements, accounting estimates or assumptions that have been made by management will have a significant effect on the amounts recognised in the financial statements.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Incoming Resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: - Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. - Investment income is included when receivable. - Incoming resources from charitable trading activity are accounted for when earned. - Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
- Costs of generating funds comprise the costs associated with attracting voluntary income and costs of trading for fundraising purposes.
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
- Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource.
Tangible assets
All fixed assets are initially recorded at cost.
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:
Equipment
-
15% reducing balance
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. 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.
4. Limited by guarantee
The company is limited by Guarantee and does not have a share capital.
5. Donations and legacies
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
Voluntary Contributions
6,823
6,823
WELB
49,565
49,565
Grants receivable
6,661
6,661
--------
----
--------
63,049
63,049
--------
----
--------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Voluntary Contributions
1,956
1,956
WELB
37,818
37,818
Grants receivable
12,518
1,864
14,382
--------
-------
--------
52,292
1,864
54,156
--------
-------
--------
6. Investment income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Bank interest receivable
8
8
4
4
----
----
----
----
7. Other income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Milk
68
68
265
265
----
----
----
----
8. Expenditure on charitable activities by fund type
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Support costs
64,928
64,928
--------
----
--------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Support costs
68,622
1,864
70,485
--------
-------
--------
9. Expenditure on charitable activities by activity type
Support costs
Total funds 2024
Total fund 2023
£
£
£
Governance costs
64,928
64,928
70,485
--------
--------
--------
10. Net expenditure
Net expenditure is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
1,516
1,784
-------
-------
11. Independent examination fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,380
1,680
-------
-------
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
£
£
Wages and salaries
50,295
55,156
Employer contributions to pension plans
617
567
--------
--------
50,912
55,723
--------
--------
The average head count of employees during the year was 3 (2023: 3 ). The average number of full-time equivalent employees during the year is analysed as follows:
2024
2023
No.
No.
Number of trustees
8
6
Number of playgroup staff
3
3
----
----
11
9
----
----
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
14. Tangible fixed assets
Land and buildings
Equipment
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
47,158
21,223
68,381
--------
--------
--------
Depreciation
At 1 September 2023
11,116
11,116
Charge for the year
1,516
1,516
--------
--------
--------
At 31 August 2024
12,632
12,632
--------
--------
--------
Carrying amount
At 31 August 2024
47,158
8,591
55,749
--------
--------
--------
At 31 August 2023
47,158
10,107
57,265
--------
--------
--------
15. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,636
2,872
-------
-------
16. 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 £ 617 (2023: £ 567 ).
17. Analysis of charitable funds
Unrestricted funds
At 1 September 2023
Income
Expenditure
At 31 August 2024
£
£
£
£
General funds
81,063
63,125
(64,928)
79,260
--------
--------
--------
--------
At 1 September 2022
Income
Expenditure
At 31 August 2023
£
£
£
£
General funds
97,123
52,561
(68,622)
81,062
--------
--------
--------
--------
18. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2024
£
£
Tangible fixed assets
55,749
55,749
Current assets
25,147
25,147
Creditors less than 1 year
(1,636)
(1,636)
--------
--------
Net assets
79,260
79,260
--------
--------
Unrestricted Funds
Total Funds 2023
£
£
Tangible fixed assets
57,265
57,265
Current assets
26,670
26,670
Creditors less than 1 year
(2,872)
(2,872)
--------
--------
Net assets
81,063
81,063
--------
--------