Charity Registration No. 100337 Company Registration No. N1032412 {Northern Ireland) KIDS IN CONTROL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 KIDS IN CONTROL LEGAL AND ADMINISTRATIVE INFORMATION Trustees M Mullan L Frew N Moore (Appointed 18 September 2023} Secretary J Atkinson ChaTlty number 100337 Company number N1032412 Registered office clo Beat Carnival Centre 1147 Boyd Street Belfast BT13 2GU KIDS IN CONTROL CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activits'es Balance sheet Notes to the financial statements KIDS IN CONTROL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and accounts forthe year ended 31 March 2024. The financial statements have been prepared in accordance wf(h the accounting policies set out in note 1 to the financial statements and comp5y with the charity's [governing documenti, the Companies Act 2006 and 'Accounting and Reporting by Charitie5-. 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 1021" las amended for accounting periods commencing from 1 January 2016) Objectives and activitie5 To promote the benefit of the inhabitants of Northern Ireland without distinction of age, sex. race or political. religious or other opinions by advancing public education particularly but not exclusively by the provision of training in drama and performance skills. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake_ Financial review The results for the year are set out in the financial statements. The trustees has assessed the major risks to which the charrty is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The charity is a company limfced by guarantee and is governed by the memorandum and articles of association. The trustees, who are also the directors forthe purpose of company law. and who served during the year and up to the date of signature of the financial statements were" M Mullan F Macklin L Frew N Moore (Resigned 18 September 20231 (Appointed 18 September 20231 The trust6es' report was approved by the Board ofTrustees. L Frew Board Member Dated. .2fl-..X.l.- 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 charity) for the year ended 31 March 2024. Respective responsibilities of trustees and examiner As the trustees of the charity (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance wilh the requirements of the Companies Act 2006 Ithe 2006 Acti. 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 Charrty Commission for Northern Ireland under section 65(9llbl of the CharFties 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 unr the yearl Net movement in funds 2,688 {4,469) {1.782) 14,582 Fund balances at 1 April 2023 9,234 9,233 (5,3481 Fund balances at 31 March 2024 2,688 4,764 7,451 9,234 The statement of financial activities includes all gains and losses recognised in the year. All income and expendFture derive from continuing activities. The statement of financial adivities also complies with the requirements for an income and expenditure account under the Companies Act 2006. KIDS IN CONTROL BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 5,419 7,226 37,082 20.260 4,309 22.709 57,242 27,018 Creditors: amounts falling due within one year 10 {55,210) (25,0101 Net current assets 2,032 2,008 Total assets less Current liabilities 7.451 9,234 Income funds Restricted funds Unrestricted funds 4,763 2,688 9.234 7.451 9,234 For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the CompaniesAct 2006 relating to sm811 companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies Subject to the small companies regime. The accounts were approved by the Trustees on ....... L Frew Board Member Company Registration No. N1032412 KIDS IN CONTROL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charlty information 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 Accounting convention The accounts have been prepared in accordance with the charity's governing document. the Companies Act 2006 and "Accounting and Reporting by Charrties: 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). las 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 sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value_ The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the ¢harrf(y has adequate resources to continue in operational existence foi the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charrtable objectives unless the 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 funds are set out in the notes to the financial ststements. Endowment funds are subject to spectfic conditions by donors Ihat the capital must be maintained by the charity 1.4 In¢oming resource5 Income is recognised when the charity is legally entftled to -rt after any performance condition5 have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are reeognised on receipt. other donation5 are recognised once the charity ha5 been nolified of the donation, unles5 performance 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 time of the donation. Legacies are recognised on receipt or otheTwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and seNices provided in the normal 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 2024 Accounting policies (Continued) 1.5 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to wrrte off the cost or valuation of assets less their residual values over their useful lives on the following base5-. Fixtures and frttings 250h Reducing Balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asseL and is recogni5ed in net incomellexpenditure) for the year. 1.6 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tsngible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if anyl_ Intangible assets wfth indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, othei short-term liquid investments with original maturtties of three months 01 less, and bank overdraft5. Bank overdrafts are shown within borrowings in current liabilitie5. 1.8 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance Sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simu￿aneOUSly. Basic financial assets Basic financial assets. which include debtors and cash and bank balances, are inttially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financin9 transaction, where the transaction is measured at the present value of the future receipts discounted at 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 2024 Accounting policies {Contlnuedl Basic financial liabillties Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instTument 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 9oods or seTvices 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 liabil((ies_ Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effectNe interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. CritiGal accounting estimates and judgements In the application of the chatity's accounting policie5, the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and li8bilrties that 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 differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate 15 revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Charitable activities Restricted Un4testricted Total 2024 Total 2023 88C Children in Need Arts and Business Nl D'oyly Carte In Kind Sponsorship Arts Council Nl AFP BOI Begin Together The HughBonGo Fund, The Talent Fund Enkalon Vertical Structures, Cyber training grant GBCAF Core Revenue Funding BCC MAF Halifax Earned Income 2,813 20.512 2.813 20,512 16.317 22,487 3.000 3,900 52,654 8,250 55,779 6.345 5.000 500 8.250 55,779 6,345 5,000 500 5,000 3.300 2,500 16,436 16.611 5.875 16,611 5,875 30,202 30,202 17,610 121,685 30,202 151.887 143,204 KIDS IN CONTROL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities 2024 2023 Depreciation Administrative fees Welfare officers Staff training & Volunteer Costs Tutor & Artistic costs Office Rental Workshop & Venue Rental Workshop materials & props Rates & Water rates Office overheads & admin Insurance Photographic & video documentation Travel, Event Catering & Hospitality Bank charges Publicitylmarketing Telecommunications Financial Costs 1,807 37,351 4.155 2,423 64,915 5,808 13,180 1.312 2,409 32.766 3,685 3,510 62,270 4.893 5,278 969 126 1,598 2.470 1,750 954 1.044 413 1,555 2,932 1.248 2,347 3,700 1,455 474 9,998 1,303 2,263 153,669 128.622 Trustees None of the trustees lor any persons connected with them) recewed any remuneration or benefits from the charity during the year_ Employees There were no employees during the year. 2024 Number 2023 Number KIDS IN CONTROL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tangible fixed assets Fixture5 and flttings Cost At 1 April 2023 72,686 At 31 March 2024 72.686 Depreciation and impairment At 1 Apri5 2023 Depreciation charged in the year 65,460 1,807 At 31 March 2024 67.267 Carrying amount At 32 March 2024 5,419 At 31 March 2023 7.226 Debtors 2024 2023 Amount5 falling due within one year: Trade debtors 37,082 4,309 Loans and overdrafts 2024 2023 Bank overdrafts 27,952 5,569 Payable within one year 27.952 5,569 10 Creditors: amounts falling due within one year 2024 2023 Notes 8ank overdrafts Accruals and deferred income 27,952 27,258 5.569 19,441 55,210 25,010 11 Related party transactions There were no disclosable related party transactions during the year12023 - none).