Charity Registration No. 100337 Company Rggistration No. N1032412 {Northorn Iroland) KIDS IN CONTROL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
KIDS IN CONTROL LEGAL AND ADMINISTRATIVE INFORMATION Truste M Mullan F Macklin L Frew Secretary J Atkinson Charfty numbgr 100337 Company number N1032412 Reg18tered offlce clo Beat Camival Centre 1147 Boyd Street Belfast BT13 2GU
KIDS IN CONTROL CONTENTS Pago Trustees, report Independent examine¢8 report Statement of financlal activitie8 Balance sheet Notes to the financial 8tatements 5-10
KIDS IN CONTROL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their report and accounts for the year ended 31 March 2023. The financial statements have been prepared in a(xxydance with the accounting wlicaes set out tn note 1 to the financial statements and comply with the charitys tgoveming document], the Companies Ad 20LK and 'Accounting and Repong by Chaiities: Ststement of Recommended Prath'ce applicable to tharities preparing their accounts in ardance wth the Financxal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting Per%#S MMeIng from 1 January 2016) Oblectlve• and aclivltle• To promote the benefit of the inhabilants of Northem Ireland wrthout distinction of age. sex, race or politi1. religious or other opinions by advancing public edurntion p9rt1(lartY bul not exdusively by the provision of training in drama and perf0mlan skills. The trustees have pald due regard to guidan(x issued by the Charity Commissi<)n in deciding what adivibes the tharity should undertake. Flnanclal rnvlow The results for Ihe year are set out in the financial slatements. The trustees has assessed the major risks to whiGh the charlty is exposed, and are satisfied that system8 are in placa to mftigate expo$ure to the major risks. StNctrrn. govomance and managomont The charity is 8 company limiied by guarantee and 1$ govemed by the memorandum and artid88 of ass(Kiation. The trustees. who are also the directors for the PUTP)s8 of cornpany law. and who served during the year and up to the dale of Signatu of the finandal staternenis were: M Mullan F Macklin L Frew The Iwstee8' report was approved by the Board of Tnjslees. Board Membe Daled: ...
KIDS IN CONTROL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KIDS IN CONTROL I report to the trustees on my examination of the financial statements of Kids in Control (the chlty) for the year ended 31 March 2023. Respoctlvo rasponsibilitios of trustees and examlner As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements ol the Companies Act 2006 (the 2006 Act). Having satisfied myself that the charity is not subject to audit under company law. and is eligible for Independent examination, it 1$ my responsibility to: examlne the accounts under sKtion 65 of the Charities Act (Northem Ireland) 2008; follow the procedures laid down In the general Dlreclions given by the Charity Commlssion for Northem Ireland under section 65{9)(b) of the Chanties Act., and state whether particular matters have come to my attention. Ba818 of Indopandont oxamlnor's rnport I have examined your charity accounts as required under Section 65 of the Charsties Act and my examinatlon was carried out in accordance with the general Directions given by the Chanty Commission for Northern Ireland under section 6519}Ib) of the Charities Act. Thè examination included a review of the accounting records kept by the charity and a Comparison of the accounts presented with those records. St also includes consideration of any unusual items or disclosures in the account¥. and seeking explanations from you as charity trustees concerning any such matters. My role is to stste whether any material matters have come to my attention giving me cause to believe.. accounting records were not kept in respect of the charity as required by seclion 386 of the 2006 Act., or the financial statements do not accord with those records: or That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charrties Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland That there is further informatlon needed for a proper understanding of the accounts to be reached. Independent examlnerf8 Statoment I have completed my examination and have no concefns in respect of the matters (1) to {4) listed above and, in connection with following the Directions of the Chanty Commission for Northem Ireland, I have fourKJ no matters that require drawing to your attention. Richard Mcclay FCA 1 Lanyon Quay Belfasl BT1 3LG Dated.. g October 2023
KIDS IN CONTROL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes Charitable activities 143.204 116,787 Charitable a¢tivities 128,623 122,737 Net Incomel(expendlturo) for tha yearl Net mov?mont In funds 14,S81 (5,9SO) Fund balances at 1 Aprll 2022 (5,348) e02 Fund balancas at 31 March 2023 9.233 (5.348) The statement of financial activities includè8 all gains and lo$Je$ recogniged in the year. All income and expenditure derive from continuing activities. The statement of financial actiwtie8 also complies with the requirements for an Income and expendiiure account under the Companies Act 2006.
i<IDS IN CONTROL BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Flxod assets Tangible assets Current assets Debtors Cash at bank and in hand 9.635 4.810 29.180 22.709 27,017 Crodltor4: amounts falllng w1th5n one year 10 (25.010) (47,574) Net current asset81(liabiltties) 2,007 (13,584) TrAal a•s•t8 1088 current Ilabllftle8 11,842 (5,348) Income funds Income and expendtture account 11.842 (5,348) 11,642 (5,348) The MpanY is entilled to the exemption from the audit requirement contained in section 477 of the Companies Act 20rffi, for the year ended 31 Matth 2023. The trustees acknowledge their responsibilities for ensuring that the charity keeps ac£ounting records which lxmpty with section 386 of the Act and for preparing financial ststements which give a true and fair view of the stste of affairs of the company 8s at the end of the financial year and of its incoming resources and application of resour$, including its income and expenditure. for the finan11 year in accordance with the requirements of sects'ons 394 and 395 and which otherwise comply wlth the requirements of the Companies Art 2CM)6 relating to financial statements, 80 far as applicable to the compary. These finandal statements have been prepared In accordance with the provisions appli(xble lo companies subject to the small companies regime. The atrAunts were approved by the Trustees on .. ulioJz3... L Frew Board IAember Company Registration N1032412
KIDS IN CONTROL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policios Charity Inforniation Kids in Control is a private company limited by guarantee incorporated in Northern Ireland. The registered office is clo Beat Carnival Centre, 1147 Boyd Street. Belfast, BT13 2GU. 1.1 Accountlng conventlon The accounts have been prepared in accordance wth the charity's goveming document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance viith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. {as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in yterfing. which is the functional currency of the charity. Monetsry amounts in these financial statements are rounded to the nearest £. The flnancial statement8 have been prepared under the historical Cost convention, modified to include the revaluatlon of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounts'n9 policies adopted are set OLrt below. 1.2 Golng concorn At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltsblo funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of thelr charftablq objectives unless ihe funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted fund8 are set out in the notes to the ffinancial statements. Endovment funds are subject to spec5fic conditions by donors that the caprtal must be maintained by the Charity. 1.4 Incoming resourcos Income is recognised when the charity is legally entitled to it after any perfomance eonditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recogni5ed once the charity has been notified of the donation, unless perfomance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the ts'me of the donation. Legacies are recognised on receipt or otherwise if the charity has been notffied of an impending distribution, the amount is known. and receipt is expected If the amount is not known, the legacy is treated as contingent asset. Turnover is measured at the fair value of the Consideration received or receivable and represents amounts receivable for goods and senrfices provided in the nomial course of business. net of discounts. VAT and other sales related taxes.
KIDS IN CONTROL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting pollcles (Continued) 1.5 Tanglble fixed assets Tangible fixed assets a initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings 25% Reducing Balance The gain or loss arising on the disposal of an asset is detemined as the dtfference betreen the sale proceeds and the carrying value of the asset. and Is recognised In net in¢omel(expendilure) for the year. 1.6 Impaiment of flxed assats At each reporting end date. the charity reviews the carrying amounts of its tangible assets to detemiine whether there is any indication that those assets have suffered an impaimient loss. If any such indtation exists, the recoverable amount of the asset is estimated In order to detemine the extent of the impaiment loss (if any). Intangible assets with indefinite useful Ilves and intangible assets not yet available for use are teJt•d for Impairment annually, and vthenever there is an Indication that the asset may be impaired. 1.7 Cash and cash aqulvalents Cash and cash equivalents include cash in hand, deposrts held at call b%ith banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts a shown wlthin borrowlng8 in current Ilabllltles. 1.8 Flnanclal In•trum•nts The charity has elected to apply the provisions of Section 11 'Basic Flnancial Instruments, and Section 12 'Other Flnancial Instruments 188ues' of FRS 102 to all of its financial in8trum•nt8. Financial in$trument8 are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the in$tNment. Financial assets and liabilities are offset, with the net amounts presented in the financlal statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on net baslg or to realise the asset and Settle the liability simultaneously. B8$1¢ flnanclal assets Basic financial assets, vthi¢h Include debtors and cash and bank balan¢es, are initially measured transaction price including transadion costs and are subsequently rned at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounterj al a market rate of interest. Financial assets classified as receivable within one year are not amortised.
KIDS IN CONTROL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) Baslc financlal liablllties Basic financial liabilities, including ¢reditors and bank loans are initially recognised at transaction price unless the arrangement constrtutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or sep4i¢es that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as Current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Deroeognltlon of flnanclal Ilabilitl•s Financial liabilits'es are derecognised when the charty's contractual obligation8 explre or are diharged or cancelled. Crltlcal •ccountlng estlmats$ and Judgements In the application of the charity's accounting policies, the twstees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities thal are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may drffer from these estimate8. The estimate8 and underlying assumpts'ons are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period In which the estimate is revised where the revision affects ffily that period. or in the period of the revision and future periods where the revision affects both Gurrent and fvture periods. Charltable actlvitle• RMtrfct•d Un41Mtrlct•d Total 2023 Totsl 2022 BBC Children in Need Arts and Business Nl O'oyly Carte In Kind Sponsorship Arts Council Nl AFP Department of Communities- Covid Recovery The HughBonGo Fund, The Talent Fund Vertical structu$, Cyber training grant GBCAF Community Recovery Grant BCC Core Revenue Funding BCC MAF Speedomick Foundation Eaméd Income 16.317 22,487 3,000 3,900 52,654 16,317 22,487 3.000 3,900 52,654 15,552 600 3,000 4.420 52,654 8,680 5,000 3,300 2.500 5,000 3,300 2,500 1.035 15,101 2.000 13,745 16,436 16,436 17,610 17,610 125,sg4 17,610 143,204 116.787
KIDS IN CONTROL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltable activities 2023 2022 Depreciation Administrative fees Welfare officers staff training & Volunteer Costs Tutor & Artlstic costs Office Rental Workshop & Venue Rental Workshop materials & props Rates & Water rates Power, light & heat Office overheads & admln Insurance Photographic & video documentats'on Travelling expenses Bank charges Other charitable expenditure 2.409 32,767 3,685 3,510 62,270 4,893 5,278 969 126 2,745 31,369 4,725 230 62.260 4,200 2,920 1.923 1,052 1,500 820 2,391 955 287 895 4,465 1,598 2,470 1,750 954 1.044 4,900 128,623 122,737 Tru8ts08 None of the trustees {or any persons connected wÉth them) recelved any remunerats'on or benefits from the charity during the year. Employees There were no employees durlng the year.
KIDS IN CONTROL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Tangible fixed assets FÉxtures and ffttings Cost At 1 April 2022 Additions 71,287 1.399 At 31 March 2023 72.688 D•prnclation and Impalmiont At 1 April 2022 Depreciation charged in the year 63.051 2,409 At 31 March 2023 85,460 Carrylng amount At 31 March 2023 7.226 At 31 March 2022 8.236 Dobtor• 2023 2022 Amounts falllng due wlthln on• year: Trade debtorn 4,308 4.810 Loan8 and ovordrafts 2023 2022 Bank overdrafts 5,569 24,813 Payable within one year 5,569 24.813 10 Crndltorn: amounts falllng due wlthln on• y•ar 2023 2022 Note8 Bank overdrafts Deferred income Accruals and deferred income 5.569 24,813 2,793 19.968 11 19,441 25.010 47.574
KIDS IN CONTROL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Def8rrnd income 2023 2022 Other deferred income 2.793 12 Rglatod party transactlons There bvere no dlsclosable related party tran8action8 during the year (2022 - none). 10-