Zero-8-Teen Annual Re ort and Audited Financial Statements For the Financial Year Ended 31 March 2023
Charity Number: NIC 100211 Zero-8-Teen Annual Re ort and Audited Financial Statements For the Financial Year Ended 31 March 2023 Contents Pa Trustees and Other Information Trustees, Report Statement of Trustees, Responsibilities Independent Auditor's Report Statement of Financial Activities 10 Balance Sheet Notes to Financial Statements 12-16 Supplementary Inforn]ation relating to the Financial Statements 17-18
Charity Iyumber: IYIC 100211 Zero-8-Teen Trustees and other Inforniation Trustees Jill Neill Sinead Morrow Grainne Mcconville Michelle Mccrink Ann McKernan Annette May Mandy Rodgers Agniezka Judiewicz-Kozak Sarah Ruddy Charity Number in Northern Ireland NIC 100211 Principal Address Moylinn House 21 Legahory Centre Brownlow Craigavon Co Armagh BT65 5BE Auditors Flynn & Company Accountants Limited Chartered Accountants & Registered Auditors 28 Carleton Street Portadown Co Armagh BT62 3EP Bankers Co-operative Bank Po Box 250 Delf House Southway Skelmerdale WN8 6WT Solicitors P Mcmahon Solicitor 74 Edward Street Lurgan Co Armagh BT66 6DB
Charity Number: NIC 100211 Zero-8-Teen Trustees, Re ort For the Financial Year Ended 31 March 2023 The trustees present their Trustees, Report and the audited financial statements for the financial year ended 31 March 2023. The financial statements are prepared in accordance witli the Charities (Protection and Social Investment) Act 2016. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees Report contains the infomiation required to be provided in the Trustees, Annual Report under the Statement of Recommendation Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees. In this report the trustecs of Zero-8-Teen present summary of its purpose, gov¢rnan¢e, activities, achievements and finances for tlie financial year ended 31 March 2023. The charity is a registered charity and hence the report and results are presented in a forn] which complies with the requirements of the Charities Act (Northern Ireland) 2008, The Charity (Accounts and Reports) Regulations (Northern Ireland) 2015 and the Charities SORP (FRS 102). The persons who served the charity as Trustees during the year were as follows: Jill Neill Sinead Morrow Grainne Mcconville Michelle Mccrink Ann McKernan Annette May Mandy Rodgers Agniezka Judiewicz-Kozak Sarah Ruddy Review of Activities. Achievements and Performance Since its conception, Zero-8-Teen has made a significant contribution to improving the lives of children an(1 young people. This is evidenced through projects and services that were established oli a small scale. However, with experience and learning, monitoring and evaluation processes, we have further developed many areas of our work. Financial Review The results for the financial year are set out on page l O and additional notes are provided showing income and expenditure in greater detail. Results and Dividends The charity has reported a surplus of income over expenditure for the year of £36,575 (2022: £75,303). At the end of the financial year the charity has assets of £305,028 (2022: £267,879) and liabilities of £13,548 (2022: £12,974). The net assets of the charity have increased by £36,575 to £291,480 (2022: £254,905).
Charity Number: NIC 100211 Zero-8-Teen Trustees. Re ort For the FinAaeial Year Ended 31 March 2023 Trustees, Report Cont'd..... Compliance with Sector-wide Legislation and Standards The charity engages pro-actively with legislation. standards and codes which are developed for the sector and subscribes to and is compliant with the followlng: The Charities SORP (FRS 102) Approved by the Board ofTrustees on 10 October2023 and sigped on its behalf by: Trustee
Charity Number: NIC 100211 Zero-8-Teen Statement of Trustees. Res onsibilities For tbe Finaneial Year Ended 31 Mareh 2023 The trustees are responsible for preparitkg the financial statements in accordance witli applicable law and regulations. The laiv applicable to charities in Northern Ireland requires the trustees to pTrpare financial statements for eaeh financial year which gives a true and fair view of the assets. liabilities and financial position of the charity as at the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act (Northem Ireland) 2008. In preparing financial statements, the trustees are require to: Select suitable accounting policies and apply them consistently. Observe the methods and principles in the Charities SORP. Make judgements and estimates that are reasonable ardd prudenl State whether the fjnancial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the eff¢¢t and the reasons for any mat¢rial departure from those standards" and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees ¢onfinn they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking responsible steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 10 October 2023 and signed on Its behalf by: INei stee
Charity Number: NIC 100211 Zero-8-Teen Inde endent Auditor's Re ort To the Members of Zero-&Teen Report on the audit of the Financial Statements Opinion We have audited the charity financial statements of Zero-8-Teen ('%he charity") for the financial year ended 31 March 2023 which comprise the Statements of Financial Activities, the Balance Sheet and notes to the financial statements, including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. In our opinion, when reporting in accordance with fair presentation framework the financial statements: give a true and fair view of tlie state of the Cliarity's affairs as at 31 March 2023, and of its surplus for the financial year then ended. have becn properly prepared in accordance with Unit¢d Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Basis for opinion We conduct our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of the report. We are independent of thc charity in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordancc with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect to the following matters in relation to which ISA'S (UK) require us to report to you where" the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate. or the trustees, have not disclosed in he financial statcments any identified material uncertainties that may cost significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least 12 months from the date whcn the financial statements are authorised for issue. Other Information The other infomiation comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our repo¢ we do not express any forni of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or othenvise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to deterniine whether this gives rise to a material misstatement in the financial statement themselves.
Charity Number: NIC 100211 Zero-8-Teen Inde endent Auditor's Re ort To the Members of Zero-8-Teen Inde endentAuditor's Re ort Cont'd If based on the work we have performed, we conclude that there is a material misstatement of this other inforniation, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception In light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matter where Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 requires us to report to you if, in our opinion.. adequate accounting records have not been kept. or the financial statements are not in agreement with the accounting rccords and returns" or certain disclosures of trustees, renumeration specified by law are not made; or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemption in preparing the Trustees, Annual Report. Responsibilities of trustees for the financial statements As explained more fully in the Statement of Trustees, responsibilities set out on page 6, thc trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they deterniine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, Tnatters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the charlty or to cease operations, or has no realistic alternative but to do so. Auditor's responsibilities for the audit of financial statements Our objectives are to obtain reasonablc assurance about whether the financial statements as a whole are free from matcrial misstatements, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance but, is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, indivldually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, includlng fraud. The extent of which our procedures are capable of detecting irregularities, including fraud is detailed below. Further information regarding the scope of our responsibilities as auditor As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of financial statements, whether due to fraud or error, design and perfonn audit procedures responsive to those risks, and obtain audit evidence that is sufiricient and is higher th<in for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations: or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriatc in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charity's internal control.
Charity Number: NIC 100211 Zero-8-Teen Inde endent Auditor's Re ort To the Members of Zero-8-Teen Inde endent Auditor's Re ort Cont'd Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whcthcr a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention to ourAuditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of the Auditor's Report. However, future events or conditions may causc the charity to ccasc to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of tlie audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. The purpose of our audit work and to whom we owe our responsibilities This report is made solely to the charity's members. as a body, in accordance with part 4 of the Charities Accounts and Reports Regulations (Northern Ireland) 2015. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's rcport and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have fornied. Flynn & Company Accoun ts Limited Cbartered Accountants and Registered Auditor 28 Carleton Street Portadown Co Armagb BT62 3EP l O October 2023
Charity Number: NIC 100211 Zero-8-Teen Statement of Financial Activities For the Financial Year Ended 31 March 2023 Unrestricted Restricted Funds Funds 2023 2023 Unrestricted Restricted Funds Funds 2022 2022 Total Total Notes Incomin Resources Activities for generating funds Other Income 3.1 315,849 186,582 502,431 325,927 175,614 501,541 28,615 28,615 Total incoming resources 315,849 186,582 502,431 354,542 175,614 530,156 Resources Ex ended Charitable activities 4.1 (282,926) (182,930) (465,856) (321,819) (133,034) (454,853) Net incomingloutgoing resources before transfers Gross transfers between funds 32,923 3,652 36,575 32,723 42,580 75,303 22,452 (22,452) Net movement in funds for the financial year 32,923 3,652 36,575 55,175 20,128 75,303 Reconciliation of funds Balances brought forward at 13 l April 2022 220,322 34,583 254,905 165,147 14,455 179,602 Balances carried forward At 31 March 2023 £253,245 £38,235 £291,480 £220,322 £34,583 £254.905 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All incorne and expenditure relate to continuing activities. io
Charity Number: IYIC 100211 Zero-8-Teen Balance Sheet as at 31 March 2023 2023 2022 Notes Fixed Assets Tangible Assets 31,242 34,082 Current Assets Debtors Cash at bank and in hand 20,189 253.597 24.550 209.247 273,786 233.797 Cr¢ditors: Aniollnts falling due within one year 10 {13,548) (11974) Iyet Current Assets 260,238 220,823 Total Assets less Current Liabilities £291,480 £254,905 Funds General Fund (unrestricted) Restricted Trust Funds 253,245 38,235 220.322 34,583 Totsl Funds 13 £291,480 £254,905 Approv¢d by the Board of Trustees and authorised for issue on 10 O¢tober 2023 end signed by: elll Trustee 11
Charity Number: NIC 100211 Zero-8-Teen Notes to the Financial Statements For the Financial Year Ended 31 March 2023 GENERAL INFORMATION Zero-8-Teen is a charity established in Northem Ireland. The registered olfice of the charity is Moylinn House, 21 Legahory Centre, Brownlow, Craigavon, Co Amiagh, BT65 5BE, Northern Ireland which is also the principal place of business of the charity. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the charity. SUMMARY The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost convention. The financial statements have been prepared in accordance with the Charities Act (Northern Ireland) 2008 and the Charities SORP (FRS 102). Statemenl of compliance The financial statements of the charity for the financial year ended 31 March 2023 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRSIO2" Incoming Resources Entitlement Èo legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advance of due perfo]Tnance under a contract is accounled for a5 deferred income until eamed. Grants for activities are recognised as income when the related conditions for l¢gal entitlement have been met. All other income is accounted for on an accruals basis. Resources Expended All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grant. support costs and depreciation on related assets. Costs of generating ndS similarly include fundraising activities. Non-staff costs not attributed to one category are allocated or apportioned pro-rdta to the stalfmg of the relevant service. Finance. HR. IT and administrativ¢ staff costs are directly attributable to individual activities by obj¢ctiv¢. Governanc¢ costs are thos¢ associated with constitutional and statutory requirements. Tangible fixed assets and depreciation Tangible fixed assets are stated at C05t or at valuation. less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follow5: Play Equipment Fixtures & Fittings Kitchen & OtTice Equipment 200/0 Reducing Balance 200/0 Reducing Balance 200/0 Reducing Balance Debtors Debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Income recognised by the charity from government agencies and other ¢0-nders, but not yet received at the year end, is included in the debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at bank requiring less than 3 months, notice of withdrawal. Taxation No current or deferred taxation arises as the charity has been granted charitable exemption. 12
Cbarity Number: NIC 100211 Zero-8-Teen Notes to the Financial Statements For the Financial Year Ended 31 March 2023 OTHER INCOME 3.1 OtherTrading Activities Unrestricted Funds Restricted Funds 2023 2022 Incoming resources from charitable activities Voluntary income 315,601 248 186,582 502,183 248 500.904 637 315,849 186,582 502,431 501,541 3.2 Other Ineome Unrestricted Funds Restricted Funds 2023 2022 Other income 28,615 EXPENDITURE Charitable Activities Direct Costs Other Costs Support Costs 2023 2022 Charitable activities 384,026 73,161 457,187 428,958 SUPPORT COSTS Charitable Activities 2023 2022 Resources and supplies Rent Insurance Training Premises expenses Office expenses Travel Legal and professional Audit and accountancy Bank fees General 7.582 38,840 4.566 1.870 .995 7.683 .565 4.398 3.080 928 654 7.582 38,840 4.566 1.870 .995 7.683 ,565 4,398 3,080 928 654 5,123 35,230 4.184 2,794 16 10.377 1.450 3,146 7,546 1,529 990 73.161 73,161 72,385 NET INCOMING RESOURCES Net Incoming Resources and stated after charging 2023 2022 Depreciation of tangible assets Operating lease rentals- office equipment 8,669 7,642 169 13
Charity Number: NXC 100211 Zero-8-Te¢n Notes to Ihe Financial Statements For the Financial Year Ended 31 March 2023 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed (including executive trustees) during the financial year was as follows: 2023 2022 Employees 29 31 The staff costs comprise: 2023 2022 Wages and salaries Pension Costs 370,633 9.806 366,844 8,930 380.439 375,774 TANGIBLE FIXED ASSETS Play Equipment Fixtures & Kitchen & Fittings Office Equipment Total Cost At l April 2022 Additions in year Grant Aid Early Years Development 66,894 7.546 (3,434) 15,019 35,323 ,717 117,236 9,263 (3,434) At 31 March 2023 71,006 15,019 37,040 123,065 Depreciation At l April 2022 Charge for the flnancial year 40,032 6,882 14,395 125 28,727 1,662 83,154 8,669 At 31 March 2023 46,914 14,520 30,389 91,823 Net book value At 31 March 2023 £24,092 £499 £6,651 £31,242 At 31 March 2022 £26,862 £624 £6,596 £34,082 DEBTORS 2023 2022 Trade debtors Other debtor 14,695 5,494 18,108 6,442 £20,189 £24,550 14
Charity Number: IYIC 100211 Zero-8-Teen Notes to the Financial Statements For the Financial Year Ended 31 Mareh 2023 10. CREDITORS Amounts falling due within one year Taxation and social security Costs (Note I l ) Accnlals and deferred income 2023 2022 4,748 8,800 4.364 8.610 £13,548 £12,974 TAXATION AND SOCIAL SECURITY Creditors PAYEINIC 2023 2022 4,748 4,364 12. RESERVES 2023 2022 At l April 2022 Surplus for financial year 254,905 36.575 179,602 75.303 At 31 March 2023 £291,480 £254,905 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds Restricted Funds Total Funds At l April 2021 Movement during financial year 165,147 55.175 14,455 20,128 179,602 75.303 At 31 March 2022 Movement during financial year 220,322 32,923 34.583 3.652 254.905 36,575 At 31 March 2023 £253.245 £38235 £291,480 13.2 ANALYSIS OF MOVEMENT ON FUNDS Balance Transfers Balance Between 31 March Funds 2023 2022 Income Expenditure Unrestricted Unrestricted Restricted Funds Restricted 220,322 315,849 (282,926) 253,245 34,583 186,582 (182.930) 38,235 Total funds £254,905 £502,431 (465,856) £291,480 15
Charity Number: NIC 100211 Zero-8-Teen Notes to the Financial Statements For the Financial Year Ended 31 March 2023 13.3 ANALYSIS OF NET ASSETS BY FUND Fixed A55et5 Current Assets Current Liabilities Totsl Restricted trust funds 38,235 38,235 Unrestricted trust funds 31.242 235,551 (13,548) 253,245 £31,242 £273,786 £(13,548) £291,480 14. POST-BALANCE SHEET EVENTS There have been no significant events effecting the Charity since the financial year end. 16
Charity Number: NIC 100211 Zero-8-Teen lementar Information Relatin to the Financial Statements For the Financial Year Ended 31 March 2023 Not covered b the re ort of the Auditors 17
Charity Number: NIC 100211 Zero-8-Teen lementa Information eratin Statement For the Financial Year End 31 March 2023 2023 2022 Income Childcare fees Southem Health Trust- In Kind Volunteer Cent Fundraising Admin Early Years Development Funding SH & SCT- Service Level Agreement Pathway Fund One off Funders Early Years CRSF SH & SCT- Splash Sure Start SH & SCT- Contact Centre Bright Start Bright Start (Disability Holiday) Apprenticeship Funding Donations LBC Jubilee Parties Early Years Grant Aid 2023 309,029 26.405 254,052 26.405 500 137 4,629 2,500 33.134 30.000 32,977 24,948 50,161 30,300 11.798 248 3.343 34,549 30,000 1,109 45,496 31,592 12.152 2,288 3,700 500 400 1,620 502,431 501,541 Gross sllrplu$ 502,431 501,541 Expenses Wages and salaries Furlough receipts Pension costs Staff training Access Nl Parties and outings Provisions Rent Insurdnce Unifonns Affiliation fees Repairs and maintenance Postage. stationery and advertising Computer & 50ftware Telephone Travelling and entertainment Legal and professional Travel Splash Sure Start Audit and accountancy Bank charges Bad debt General expenses Charitable donations Depreciation 370,633 366,844 (28,615) 8,930 2,508 896 9,806 1.870 172 1,151 6,409 38,840 4.566 22 970 1,995 1,517 3.270 2,896 1,565 3,428 5,017 35,230 4,197 169 956 119 2,612 2.963 4,530 1,395 3,146 42 4.108 1.529 869 990 3.080 928 3,385 654 30 8,669 7,642 465,856 426.238 Net Surplus for the year £36,575 £75,303 18