Help With a New user account

Id like to give my old Imac to my Daughter

I want to make her a new user account, but with just the standard apps that come with the computer , example Ilife and Iworks

obviously she can put her own stuff on it but Id like to keep the apps i paid for under my account (admin) desperate,

is this possible?

Also is there any good Free or cheap(30 dollars max) web filtering software.