Charity No 100664 LIThLE AMPS EARLY YEARS Flnancial Statements for the year ended 31 August 2023 , Campbell & Co LIThLE AMPS EARLY YEARS Contents Pag• Business Information Trustees Report Independent Examiners Report Profil and Loss Account 3-10 13 Balance Sheet 14 Notes to the Accounts 15- 17 LIThLE AMPS EARLY YEARS Busine55 Information Busin•ss address 94 Kilrea Road Upperlands Maghera A¢¢ountants J A S Campbell & Co 49 Managher Road Aghadowey Coleraine 8T51 4DE LIThLE AMPS EARLY YEARS The re ort of th• trust•OS lor the •ar ended 31 Au ust 2023 Introductlon The trustees presÈnl th6ir annual report and accounts for the year ended 31 st August 2023 The managemrnl committee are satisfied with the performance of the charity dur￿n9 the year and Ihe p0511ion al 31st August 2023 considerino the addslional financial burden placed upon the organ15ation by the new requifom¥nls by government lor the living wage ancl workplace pensions wa will meet our budget lor the upcoming year Namo. reglst•r•d ¢ffl¢• #nd constitutlon of th• ¢harlty The legal registration details a LITTLE AMPS EARLY YEARS Charitiès Comfflission Numb81 The lelephone numbers are NIC 100684 02879645005 ObJ•ctlv•s and Aetlvltlos of th• Charlty A summary ol the olJl•cts of th• ch•rty •$ $01 out In Its gov•fnlng doeument. In setting our objectives and planning our a¢livilies our rnanagemenl committee and staff have 91ven carolul ¢onsidtr8lion to the Ch4rity Comm15sion's g•noral guidance on publi¢ benefit and In particular to Ils supplementary public benefit guidance on aclvancing education and on fee chargin The aims ol Little Amps Earty Years Is 10 gnhanL* the development and educatson of children under statutory school age We olfer appropriate play facilities with the nGhl of parentslcarers lo lake responsibility for and lo become Involved In the activities of the group. ensurin Ihat the group offers OPPOnunities for all Children regardless ol religion. culture race or means We èncourage the study of tho needs of such childrgn and their families and promoting public 1nieresl In and r8cognilion of such needs of such children ont) their 18milies In th• local area We support the value6 and principles ol Early Years. Polici&s to tynsure the childrens saloty and welfare are in place distributed io all and are ¥liclly adhered lo. These policies Include such matters as diverse a5 Safeguarding Equal OpportLJnilies Polict•s Addition81 Need Policies M•dic81 Emergency Procedure Social Nelworking. E-safety and mobile phone policies Covid-19 an¢J Social Oistsncin9 Little Arnps Early Years recognises the Importanrk of working In partnership with parenlslcarers to promote the best Interests 91 children and that parents play a key role In the education of thèir children. The playgroup will work In partnership with and support parents In this role LI￿LE AMP8 EARLY YEARS Thé re ort of th• trustO•S for th? •ar •nd•d 31 Au ust 2023 Publlc bènefft that Is provld•d by th• ¢h•rty The public ben81il provided by the Playgroup starts with ihe ehildcare provided lo the children. providino quality childcare from qualified child care providers and looking after their health and well being on a daily basis Follgwing on from this glowing the ¢hild'5 poieniial during their time under our care and directing their personal and social development Providing a reliablo and cost trlfeclive pre pre-school service lo the parents. raking account ol safety. educational and nulritsonal Issues Providing support and guidance to the parents Fladiating out from here lo the Gommunity at large. providing loG81 facilities that keep the community logethtrr Therefore people don't have to leavè the area lo gel these benelils in larger towns and cities l&¥ding to Ihe slow declino of the area Providing local employment and Iraining both lull lime I part time voluntary or paid Co-ordinating with local scho¢l$ and lacililies. lo the benefit ol all parti85 A lol ol these goals are qualitative and longt•rm. and thu5 hard lo measurè As a basic Indicator though In 2022 wo had 23 children from 21 famili6s and In 2023 we had 2 1 children from 21 families Other more quanlitalive measures like numbers ol local staff *mployed ar6 delai￿ed below 2023 2022 2021 No of stsff m•mb•r8 living within colchm•nl area No ol students In the year 21 23 23 The charlty's alm$ Includlng the ch•ng•s or diff•renc¢8 It seeks lo make through Its actlvltles . Little Amps aims lo promote the Independence and porsonal dovolopmènt of the children within our care whilst also developing Iheir social ski115 The charity coniribules tOV4ards preparing our children for the Opportunit￿S. responsibilities and experien¢e ol later Ille An explanaiion of the charity s main objectives for the year. Littlè Amps objectives during the ye¥r were as follows.. To In¢rease childcare plaGos. whilst still providing a htgh 18vel o150rvl￿. To develop our links with locAI Schools To provide ever Improvin9 training lof our slafl and $0 provide an even better service to the local comfnunity To Increase the amount of fundraising aclivi11ts5 In the community. and increase the funds generaied by these new and existing activities LirrLE AMP8 EARLY YEARS The ro ort of th• truste•s for th• •ar end•d 31 Au ust 2023 An explanation of the charity's stratégiies for achieving its stated objectives. Durino th15 climate of reduced governrnenl funding th¢ Charity needs to Sland on Its own leet. to conlinue to achiev8 the charity's objectives the following strategie$ have been Identified Increased fundraising will t* morg Important In the future as outside funding Is more difficult to obl8in and Inflation In¢reases all tsur Gosts. We leel we have mel our objectives and have adapted quickly lo the changing cireumslaneès laced, particulatarly ovor the past couple DI years e used programmes such as See Saw In Order to engage with the children, whilst learning Irom home servl¢os provlded) thai contribute to the achievement of rhe staled objociives, The Charity's main aim Is lo enhance the development and oducalion fur Children under slaiultsry school age In Ihe Upperlands and surrounding area The Cnarity complies with all employmeni18gislalion pays adeouata salanes to staff and provid•s opportunitses lor ongoing training In r)rder lo aeknowledge the respons￿bIe and skilled nature ol the work with childrèn 8nd to protect the rights ol employees We onsure that each stafl momber will be Irained lo a rninimum ol NVQ level 3 Each child 1$ allocated a key workor We adhere to the Minlmum standards set out by th• Northem trust Supervision will be In the ratios as follows. 18 for 3-4 year olds Ino less than 3 Staff at any timel The contrlbthion of volunteers The Pre-school would like lo thank all committoe and voluntsry Staff for their continuous support The Pre-school Managèment would olso like lo thank the E¢Jucation Authonty and Earty Yeais for their ￿1n￿n￿OU5 6U?PQn. Achl•voments and P•rformance of th• Charlty A revlew ol chahrable acrlvitles undertaken by the charity The charitable activitigs undertaken by the Trust lake the form of fre• placès for children of pre sch¢)ol age and a $mall lee lor those 111 the pre Qfe-se5510n5 Addibonal support and guidance Is provided to parents as thèy require It. LirrLE AMPS EARLY YEARS The re ort of the trustMs for th• •ar ended 31 Au ust 2023 Fundraising activiiies Whilst the Chanty relies on funding from th* donors Identified In the accounts whose support Is valued there Is Still scope to further Increase fundraising activities Those undertaken In the 2023 year Include the following 2023 2022 2021 l.anci' l)riss Ii'alk l)i)naiiiin i)I' ii'hilL4glLliids Iriim l)iina manii lutK'%, qui/ %hLLI 900 600 419 618 387 29D4 I'hLLIU¥ lisr I rLJ%LifL I luni IrL)m l>rimar¥' %ihc)4)1 'I'()liil l undrai4in¥,d()naii1sn 1 351 1 545 Factors relevant to rhe achlevement ol the charity's objectives One ol the main factors affecting the Charity's ability lo achieve Ils objectives Is that Little Amps Is the Only pre school Getting within a 5 mile radius of the village ol Upperlands Employment of dlsabled porsons Little Amps Is •n equal opportunities employer Structur•, Gov•rn*nc• and Manag•m•nt Nature of the Governing Document and Constltutlon of the charlty Little Amps is governed by a consiilution administered by a Management Committee The methods adopred for rhe rncrullment and appolntmeni of new trust•es When new committee members are wquirnd. usually through vacanoes occunng, the existing memtsers decide what skills experience and knO¥￿edge Is required Takin9 care lo comply wilb any tspecific requir•monls set out In the governing documents. Fil Person as50ssmenis as rgquired are carried out by SO￿41 Sèrwices. Can¢Yidatss are fornally appointed al the AGM. The policies and procedures adopted lor th• induction and tralnlng of Trustees, Manag•mont and Committee Members. New members ar• Introdu¢ed lo the others and key members of staff so that they can get a better understanding of the organ15ation. and the chollenges It faces LI￿LE AMPS EARLY YEARS Tho ra ort ot th• trust• for th? 04r •nd•d 31 Au ust 2023 The organlsational structure of the charity and how decisions are made. Key decisions are the remit of the ManageTILeader and Management Committee. $0 they can best guide the future DI the charity Less Imp)rtanl d&￿S1oN$ are delegated lo the Staff Routsne day to day de¢i$ions are also the responsibility ol key employees as per their contract of employmgnl Relationships between the charity and related parties, including its subsidiaries The Trust has no subsidiariès The major risks to which the charlty is exposed and revlews and systems to mirlga¢e risks The trusièes and memters take the Issue ol risk management véry s¥riously The rnaior risks lo the eh8rity are The reduction of lunuea places 15 the major threat lo the onging viability of the Pre School 01 a lessèr degree ol risk are 18elors Ilk? failure lo ¢omply with legol requirem¥nts Clos attention Is gIVon lo these matters bul Il Is possible however remote to have the setting closed down Il there are failings In the ratio ol slaft lo children Very dose attention and control Is placed on these legal factors Risks such as change In demographics, are unlikely lo have an Immediate affect and would allow sufficenl time lo adapt If they were to occur. Flnan¢lal R•vl•w Policies on reseThes The Iruslees having reconsidered the position of the charity now feèl that an unrèstricted reserve of £10 000 Is required to covar any exp•neas like redund4nci•s èt¢ The reserve policy 1$ monitored during the year and Il necessary reviewed due lo changing noeds and ¢ir¢um8tancLi LirrLE AMPS EARLY YEARS Thg re rt of th• tru8tM• forthe oar ended 31 Au ust 2023 Princlpal funding sources and how expenditure in the year under review has supported the key objectives of the charity. The principal source$ of funding are EA-NE-REGION CRE funded placès Non funded places IFe8sl Other Funding - D O H Oil Grant Early Years Pathway 36 528 3.774 800 4.000 Little Amp5 would like lo take this opportunity lo thank Ear4y Years and the Education Authority lor the suport piovided towards staff costs Also Donaghl 8rothers lor their donalion ol while goods Many fhanks lor your a551St8nc Income during the year has been used lo cover the support cost ol the Play9roup as per the Profit & Loss Account. Avallablllty and adequacy ofa$Jets of ea¢h of rhe funds The Trustees and Management Committee are satisfied that the Trust's assets In each lun¢J are available and adequate to lulfil its otyligations In respect ol each fund rransaction$ and Financial posltlon The tinancial statements are set out on pages 13 to 17 The financial slalemenls hav been prepared Implementing the 2005 Revision ot the Si8temenl of Recommendéd Practice lor Accounlino and Reporting by Charities Issued by the Charity Commission lor England and Wales (revised In June 20081 and In accordance with the Financial Reporting Standard IOT Smaller Eniilies leffeclive Apnl 20081 As slated In Ihe ntrodu¢titsn to thi$ report. the Truste¢s consider the financigl performance by the charity during the year lo have been salislaclory. The Stslem•nt of Finanual A¢livitses show n81 oulgoinglincoming resource6 lor th• year of a rovanue natura of -£ 7, 191 (prior year -£ 3,244 and net realised ouigoinglincoming resources of a capital nature ol £ O, Ipnor year £01. making not overall realised Incomingloutgoing resources of -£ 7.191 (prior ye8r-£ 3 2441 The total rèserves at the year end after aceountsng lor unrealised losses after revaluing Inv¥slments of £ Q (prior year £01. stand at £21 832 Iprior year £29.0231 Free unrestri¢ted liquid resefyes amounted 10 £21.280 Iprior year £23.6431 SpecMl¢ changes in fixed assets Changes In Iixed assets are shown In detail In the notss lo the accounts LI￿Le AMPS EARL Y YEAR8 The re ort of the trustegs for the •ar end•d 31 Au ust 2023 Plans for Future Perlods Little Amps will continue lo Iwk at other funding streams lor the benefit of the setting and the children. Early Years have talked aboLtI the possibility of increasing funding lo keep In line with inflaiion and the rising ¢osls across the board. this Is still In negotiation stages Th• name of th• Chlef Exocutlvè Offlc•f and other s•nlor staff memb•r(s} to whom day to day management of the ch2rlty Is delegatod by the charlty trust••s. Neville Carson Chairpor50n The mombers ol th? Board of Trustws of th• Charlty durlng th• y?ar •ndod 31st August 2023 w•r• Ruth Houst¢n Rosie Pollock NevIl￿e Cargon Paula Carson All ar• Tru$t••s ol th• company and Member• ol ghe Management Committee. and their responjibilititrs rosponsibililies Iinclude all the responsibilities ol trustèes under the Charities Act. C?mmfftM M•mts•rs Ruth Houston Neville Carson P8ulg Carson Rosie Pollock Kyra 81oomfield Se¢relary Chairperson Treasurer Non Commltt•• M•mb•rs None Th• memb¢rs of the Board of Trust￿8 of the Charlty at th• dat• th• r•port and a¢¢ounts were approved w•r•'.- Rosie Pollock Paula Carson Neville Carson Kyra Bloomfield Treasurer Chairperson 8ank•r3 Ulster Bank 13 Mainst Maghera BT46 SAA LirrLE AMP3 EARLY YEAR8 The re ort of th• trust••s lor th• oar •nd•d 31 Au ust 2023 Indep•nd•nt Examln•r J A S Campbèll & Co Accountant 49 Managher Road Aghadowey Coleraine BT514DE Statem•nt of Dlr•¢tors' and Trust••s' R•$ponslbllltl•s Tho Charities Act t require the Board of Truslees to prepare finan¢i41 statemants lor each Iinancial year which give a trut and fair view ol the slate of affairs ol the charity as al the end of the financial year and ol the surplus or deficit ol the chanty In preparing those finanGial sialemenls the Board Is require¢ 10 $•k•cl 5Ultabl• accounting policies and then apply ltt•m con$istently mak* iudgernen18 and eslimales that arè reasonable and prudent, and prepare Ihe financial statements on the going concern basis unless it 1$ Inappropriate to prè8um• that Itt• eharity wll continu• In busine$6 stole whèthar applicablo aceounting standards and slalernents ol recommended practice have been tollowed sutsiecl io any material departures disclosed and 8xplain•d In the financaal statements, The Trustees are also responsiblé lor main141ning adequatè accountino r•cor4s which disclose with reasonable ac¢uraGy at any tirne the financial position ¢1 the charity and which are sufficient lo show and explain the ¢harity's transaction5 and enable them lo ensure that Ihe financial statements comply with waulalions matse under rhe Charities Act They are also responsible for safeguartsing the assets ol the charity and hence lor lakin9 masonable steps lor the prevention and detection ol fraud and other IrregularitsO$. The Trusle•s are also rg$ponsible for the conlenis of the Trustees. report. 8nd the responsibility ol the Independent examiner In relalign to the Tru6tee$' report Is limited lo examining the report and ensuring that. on the lace of the report. there are no Inconsistencies with the figures disclosed In the financial statements. M•thod of pr•paratlon of ac¢ounts These accounts have been prepared In accordance with the provisions applicable io companies sutsiect to the small Gompanies regime. Thls roport was pr•s•nted to th• members and approved by them at th• AGM ¢n Sept•mb•r 2024. and du•ly r•¢ord•d In th• mlnutss. 10