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← Drumahoe Childcare Limited

2025-03-31-accounts

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

Company registration number NI039031 (Northern Ireland) Charity registration number NI100480 (Northern Ireland)

DRUMAHOE CHILDCARE LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Catriona Coyle
Lisa Dunn
Robert Dunn
Gillian Simpson
Lorna Somers
Kerrie O'Hara
Joseph Montgomery (Appointed 24 January 2025)
Secretary Kerrie O'Hara
Country of incorporation United Kingdom NI039031
(Northern Ireland)
Charity registration Northern Ireland NI100480
Registered office C/O Londonderry YMCA
51 Glenshane Road
Drumahoe
Londonderry
BT47 3SF
Auditor PFS & Partners Limited
16 Main Street
Limavady
BT49 0EU
Bankers Danske Bank
27 Glenshane Rd
Londonderry
BT47 2LN
Solicitors Turley Legal Ltd
Enterprise Causeway
Knocklynn Road
Coleraine
BT52 1WW

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

CONTENTS

Page
Trustees' report 1 - 3
Independent auditor's report 4 - 6
Statement of financial activities 7
Balance sheet 8
Statement of cash flows 9
Notes to the financial statements 10 - 19

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: 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)" (effective 1 January 2019).

Objectives and activities

Public benefit

This document has been prepared based on the guidance provided by the Charity Commission for Northern Ireland and Trustees have had regard to the Commission's Public Benefit requirement statutory guidance. The trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

The objectives and activities of the charity are to advance the education of children aged 2 to 11 years old in Drumahoe, County Derry/Londonderry and the wider Derry City and Strabane District Council area, by providing care facilities for children from 7.45am to 6pm.

In 2025, Drumahoe Childcare continued to progress against the strategic priorities set out in the three-year strategic plan. Work advanced across key areas of focus, supporting ongoing efforts to strengthen and enhance the quality, sustainability, and delivery of our childcare services. The organisation remains committed to achieving the goals outlined in the plan and building on the foundation established in 2024.

Building a culture of positive wellbeing for both staff and children is reinforced with the appointment of a Mental Health Champion.

Financial review

Drumahoe Childcare Limited's financial year runs from 1 April to 31 March.

The Board of Directors is responsible for the control and management of the organisation's financial budget.

Drumahoe Childcare is a "not for profit “organisation that aims to become sustainable without grant assistance, using any surplus to reinvest into services and facilities.

Occupancy levels remained consistent throughout the year with a view to increasing this in the next financial year where possible.

Funding was received from Bright Start and Derry City and Strabane District Council.

We will remain cautious moving into the next financial year given the unpredictability of the economy.

Opportunities for investment and growth will remain an area for exploration.

Reserves policy

Our reserves policy is equivalent to 3 months' operations costs and would cover redundancies should that situation arise.

Plans for future periods

The strategic plan will continue to guide our plans as we move into the next financial year, focusing on the priorities set out within the plan.

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

Drumahoe Childcare Limited has a Memorandum and Articles of Association and is incorporated under the Companies Act 2006.

We are a Company limited by guarantee, not having a share capital.

The organisation is controlled and directed by a Board of Trustees. The Manager is appointed to run the daily activities of the organisation and reports to the Board of Trustees at bi-monthly meetings. The quorum for a meeting is 5.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Catriona Coyle Lisa Dunn Robert Dunn Adrian Johnston (Resigned 24 January 2025) Gillian Simpson Andrew Tate (Resigned 1 October 2024) Lorna Somers Kerrie O'Hara Joseph Montgomery (Appointed 24 January 2025)

Recruitment and appointment of trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Statement of trustees' responsibilities

The trustees, who are also the directors of Drumahoe Childcare Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that 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 Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that PFS & Partners Limited be reappointed as auditor of the company will be put at a General Meeting.

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The trustees' report was approved by the Board of Trustees.

liseDocuSignedD29DDB4115354BB... Durby: Lisa Dunn Trustee

[ einSigned21F91288AED1473...by: Simmpsou Gillian Simpson Trustee

18 December 2025

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DRUMAHOE CHILDCARE LIMITED

Opinion

We have audited the financial statements of Drumahoe Childcare Limited (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted 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 our report. We are independent of the charity in accordance with the 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 accordance 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

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information 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 information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information 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 otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, 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

We have nothing to report in respect of the following matters in relation to which the Charities Act (Northern Ireland) 2008 require us to report to you if, in our opinion:

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DRUMAHOE CHILDCARE LIMITED

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, 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 the trustees determine 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, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 65 of the Charities Act (Northern Ireland) 2008 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, 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, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of legal counsel. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DRUMAHOE CHILDCARE LIMITED

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 8 of the Charities Act (Northern Ireland) 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

[PES Pantuurs lint James Daniel Brolly (Senior Statutory Auditor)

For and on behalf of PFS & Partners Limited, Statutory Auditor Chartered Certified Accountants 16 Main Street Limavady BT49 0EU 18 December 2025

PFS & Partners Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
-
22,155
Charitable activities
4
689,078
-
Other trading activities
5
-
850
Investments
6
2,890
-
Total income
691,968
23,005
Expenditure on:
Raising funds
7
-
746
Charitable activities
8
615,298
22,155
Other expenditure
418
-
Total expenditure
615,716
22,901
Net income and movement in
funds
76,252
104
Reconciliation of funds:
Fund balances at 1 April 2024
247,813
3,372
Fund balances at 31 March
2025
324,065
3,476		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
22,155
-
25,655
689,078
577,924
-
850
-
2,607
2,890
968
-
714,973
578,892
28,262
746
-
981
637,453
559,411
25,655
418
656
-
638,617
560,067
26,636
76,356
18,825
1,626
251,185
228,988
1,746
327,541
247,813
3,372		 Total
2024
£
25,655
577,924
2,607
968
607,154
981
585,066
656
586,703
20,451
230,734
251,185

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 15 83,199 67,799
Current assets
Debtors 16 12,373 20,895
Cash at bank and in hand 267,273 211,538
279,646 232,433
Creditors: amounts falling due within 18
one year (33,815) (37,124)
Net current assets 245,831 195,309
Total assets less current liabilities 329,030 263,108
Creditors: amounts falling due after
more than one year 19 (1,489) (11,923)
Net assets 327,541 251,185
The funds of the charity
Restricted income funds 21 3,476 3,372
Unrestricted funds 22 324,065 247,813
327,541 251,185

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025, although an audit has been carried out under section 65 of the Charities Act (Northern Ireland) 2008.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 18 December 2025

liseD29DDB4115354BB...DocuSigned Dun.by: [ einSigned21F91288AED1473...by: Simpson. Lisa Dunn Gillian Simpson Trustee Trustee

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from operations
25
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash used in investing activities
Financing activities
Repayment of bank loans
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(24,078)
2,890
(10,434)		 £
87,357
(21,188)
(10,434)
55,735
211,538
267,273		 2024
£
(7,418)
968
(8,526)		 £
30,620
(6,450)
(8,526)
15,644
195,894
211,538

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Drumahoe Childcare Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is C/O Londonderry YMCA, 51 Glenshane Road, Drumahoe, Londonderry, BT47 3SF.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: 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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

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 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 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions 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 recognised once the charity has been notified of the donation, unless 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 otherwise 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.

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 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 write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 5% straight line Motor vehicles 20% reducing balance Fixtures, fittings & equipment 25% reducing balance Play park 10% 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 asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible 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 any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 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 party 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 simultaneously.

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried 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 discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes 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 services 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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities 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 is 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.

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Income from donations and legacies

Restricted Restricted
funds funds
2025 2024
£ £
Grants 22,155 25,655
Grants
Bright Start 21,655 21,655
DCSDC - 4,000
Rutledge 500 -
22,155 25,655
4 Income from charitable activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Childcare income 689,078 577,924
5 Income from other trading activities
Restricted Restricted
funds funds
2025 2024
£ £
Fundraising events 850 2,607
6 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 2,890 968

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7 Expenditure on raising funds

Restricted Restricted
funds funds
2025 2024
£ £
Fundraising and publicity
Other fundraising costs 746 981

8 Charitable activities

Childcare
Share of governance costs (see note 10)
Analysis by fund
Unrestricted funds
Restricted funds		 2025
£
630,853
6,600
637,453
615,298
22,155
637,453		 2024
£
579,666
5,400
585,066
559,411
25,655
585,066

9 Description of charitable activities

Charitable activities

Childcare

We provide care facilities for up to 100 children on a daily basis, Monday to Friday. We operate a daycare facility and an out of schools. We open daycare at 8am to 6pm every day throughout the year. Our out of schools opens at 2pm to 6pm weekdays but during the summer and school holidays, we open at 8am. We pick up and drop off daycare children for nursery and preschool while out of school children are collected from their schools at 2pm, 3pm and when activities are taking place, 4pm. They are brought to the club where they are given a snack and then go to their separate rooms. We operate 5 rooms: daycare has 2 rooms with children aged from 2 to 4 years. Out of schools has 3 rooms: P1-2, P3-4 and P5-7. There are room leaders and playworkers in each room. The planning of activities are carried out with the involvement of the children. All activities are age appropriate. We have a sports hall and play parks so that activities for their physical well being are provided all year round. This also improves their social well being and interpersonal skills. Parents then collect their children from us at whatever time suits. During the summer our activities are much more extensive and would also involve trips off site.

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Support costs allocated to activities

Governance costs
Analysed between:
Charitable activities
11
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets		 2025
£
6,600
6,600
2025
£
4,200
8,679		 2024
£
5,400
5,400
2024
£
4,200
8,064

12 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

13 Employees

The average monthly number of employees during the year was:

Childcare staff
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
27
2025
£
445,604
25,913
5,252
476,769		 2024
Number
28
2024
£
419,272
21,169
4,581
445,022

There were no employees whose annual remuneration was more than £60,000.

14 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15
Tangible fixed assets
Leasehold
improvements
£
Cost
At 1 April 2024
47,000
Additions
-
At 31 March 2025
47,000
Depreciation and impairment
At 1 April 2024
8,225
Depreciation charged in the year
2,350
At 31 March 2025
10,575
Carrying amount
At 31 March 2025
36,425
At 31 March 2024
38,775
16
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
17
Loans and overdrafts
Bank loans
Payable within one year
Payable after one year		 Motor
vehicles
Fixtures,
fittings &
equipment
£
£
-
75,337
21,995
2,083
21,995
77,420
-
59,881
733
4,239
733
64,120
21,262
13,300
-
15,455

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18
Creditors: amounts falling due within one year
Notes
Bank loans
17
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
19
Creditors: amounts falling due after more than one year
Notes
Bank loans
17
20
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
10,017
-
901
10,918
11,979
33,815
2025
£
1,489
2025
£
5,252		 2024
£
10,017
4,726
83
13,523
8,775
37,124
2024
£
11,923
2024
£
4,581

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

21 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At
Bright Start
Rutledge
Fundraising income		 1 April
2024
Incoming
resources
Resources
expended
At 31 March
2025
£
£
£
£
-
21,655
(21,655)
-
-
500
(500)
-
3,372
850
(746)
3,476
3,372
23,005
(22,901)
3,476		 1 April
2024
Incoming
resources
Resources
expended
At 31 March
2025
£
£
£
£
-
21,655
(21,655)
-
-
500
(500)
-
3,372
850
(746)
3,476
3,372
23,005
(22,901)
3,476
3,476

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

21 Restricted funds (Continued)
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
Bright Start - 21,655 (21,655) -
DCSDC - 4,000 (4,000) -
Fundraising income 1,746 2,607 (981) 3,372
1,746 28,262 (26,636) 3,372

22 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources At 31 March
2024 resources expended 2025
£ £ £ £
General funds 247,813 691,968 (615,716) 324,065
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
General funds 228,988 578,892 (560,067) 247,813
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 31 March 2025:
Tangible assets 83,199 - 83,199
Current assets/(liabilities) 242,355 3,476 245,831
Long term liabilities (1,489) - (1,489)
324,065 3,476 327,541

23 Analysis of net assets between funds

Docusign Envelope ID: 9926A223-D60D-49D6-B3AB-A665D633EAF1

DRUMAHOE CHILDCARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

23 Analysis of net assets between funds (Continued) (Continued)
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 March 2024:
Tangible assets 67,799 - 67,799
Current assets/(liabilities) 191,937 3,372 195,309
Long term liabilities (11,923) - (11,923)
247,813 3,372 251,185
24 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
25 Cash generated from operations 2025 2024
£ £
Surplus for the year 76,356 20,451
Adjustments for:
Investment income recognised in statement of financial activities (2,890) (968)
Depreciation and impairment of tangible fixed assets 8,679 8,064
Movements in working capital:
Decrease/(increase) in debtors 8,522 (4,663)
(Decrease)/increase in creditors (3,310) 7,736
Cash generated from operations 87,357 30,620
26 Analysis of changes in net funds
At 1 April 2024 Cash flowsAt 31 March 2025
£ £ £
Cash at bank and in hand 211,538 55,735 267,273
Loans falling due within one year (10,017) - (10,017)
Loans falling due after more than one year (11,923) 10,434 (1,489)
189,598 66,169 255,767