COMPANY REGISTRATION NUMBER: N136068 KIDZONE Company Limited by Guarantee Unaudited Financial Statements Year ended 31 July 2021 ENN Chartered accountants 40 GREENAN ROAD NEWRY CO DOWN BT34 2PZ KIDZONE Company Limiled by Guarantee Flnancial Ststements Year ended 31 July 2021 Contents Page Directors. report Statement of income and retained earnings Statement of financial posibon Notes to the financial statements The following pages do not fomi part ol the financial statements Detailed income statement Notes to the detailed income statement 10 KIDZONE Company Llmiled by Guarantee Dlrectors. Report Year ended 31 July 2021 The directors present their reF)Qrt and the Una￿lited finan￿al statements of the eompany for the year etKled 31 July 2021. Dlrecto The direclors who seThed the company during the year were as follows." Martina Lynch Tanya Murphy Waklemiar Zaczek Andrea White George Rolston knanda O'Hagan Ashling Murphy Deirdre Mcmanus Adele McGuinness Sonya Mccusker Martin Mcconnell Claire Blackadder-McConneH Roisin Hart Small company provlslons This Tep)rt has been prepared in acCOrdar￿ wilh the provisions a￿liCable to companies enlilled to the small companies exemptKJn. This report was approv&1 by Ihe tM)aTd of dir&tLYs on 31 (kiober 2021 and signed on behalf of th8 board by.. Tanya Murphy Director Glwre Blacka(kler-McConnell Directot DIANE KENNEDY Company Secretary Registered office: CLOUGHREA COMMUNrrY CE￿RE MILLVALE ROAD BESSBROOK NEWRY CO DOWN BT35 7NH KIDZONE Company Limited by Guara￿ee Statement of Income and Relalned Earnings Year ended 31 July 2021 2020 Turnover 1￿,609 148.577 Gross profft 190,609 148.577 Admintstralive expenses Operating proliU(108s) 165.581 154,412 15,835) 25,028 ProllV{loss) kn tsxation 25,028 15.8351 Tax on prof￿1[08S) ProllV{loss) for th8 Ilnancial year and lotsl comprehenswe In¢ome 25.028 15,8351 Retalngd eamings at tho start of the y Retalned eamings at the end of the year 11.507 36.535 17,342 11,507 All the activities ol the company are from continuing operatM)ns. KIDZONE Company Limlted by Guarantee Statement of Flnancial Posilion 31 July 2021 2021 2020 Fued assgts Tangible assets 16,813 17,233 Current assets Cash al bank arKI in harnl 36,953 17.983 Creditois." amounts falllng due wlthin one ￿ar Nel current agsgtsllliabilities) Total assets less curront Ilabilities Nei assets 17,231 19,722 23.709 15,726) 11.507 36.535 36,535 11,507 Capltal and rese￿eS Profil and loss account Members funds 36.535 36.535 11,507 11.507 These financial statements have tr*en prepared in accorda￿ wiEh the proms1￿ applicable lo companies subject to the small companies. regime and in accordance vAth Section 1A of FRS 102 'The Financial ReportiThJ Standard awlicatrAe in the UK arnj RepuNic of Ireland.. For the year erKling 31 July 2021 the company was enliued to exemption Irom audit uNler section 477 of thg Companies Act 2006 re￿ting to smdl companies. Directors. responsibilities.. The members have not required the company lo obta.tn an audit of its financial statements lor the year in question in accordance wth section 476: The directors acknowledge th￿[ resp)nsibililies for compl￿ng wth the requiremgnts ol the Act wtth respect to accounting records and the ￿epara110n ol fi'nanci￿ $￿eMents. These financial staterrlents were apFyoved by Ihe LN)ard of directors arKI authorised for issuo on 31 OGtob6r 2021, ano are signgj on behalf ot the board by: Tanya Murphy Director Claire Blackadder-mcconnell Director Company registration number.. N136068 KIDZONE Company Limited by Guarnntee Notes to the Financial Statements Year ended 31 July 2021 General inforniation The company is a private company lifflrted by guarantee, registered in N IRELAND. The address of the registered offtt is CLOUGHREA COMMUNITY CENTRE. MILLVALE ROAD. BESSBROOK, NEWRY, CO DOWN. BT35 7NH. Siatement of compllance These linanci￿ slatements have been Fwared in comp4Éance wrth Section 1A ol FRS 102. 'The Financial ReportiNJ Standard Wi¢ab￿ in the UK arKI the RewUic of Ireland,. counting pollelgs Basis ol preparallon The financi￿ statements have been prepared on the historical cost basis, as modified by the revaluation of certain financFal assets and liabilrties aThJ investment properties measured at lair value through profil or loss. The fina￿la1 slateinents are prepar￿1 in sterFirKJ. whth is the fu￿tion￿ currency of the errtity. Revenug recognition Tumover is measured at the fair value of the consthtion received or receivable for goods supplied and serwces rendered, net of discounts atKI Value Added Tax. Revenue from the sale of gocxjs is recognised when the signrfi¢anl risks and rewards of ownership have transferred to the t￿Yer {usU￿1Y on despatch of the goods); the amount of revenue can be measure(I reliably,. rf is probable Ihal the asswated economic ￿nerrtS will flow lo the entity., and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Tanglble assets Tangib￿ assets are in1b￿ty recor￿ al cosl. and subsequenty stated at cost less any accumulated deprecialion and imwm)ent ￿sseS. Any tangible assets carried * revalued amounts are recorded 21 the fair value at Ihe date ot revaluation le55 any subsequent ac¢umulaled depreciation and subsequent acwmulated impaimient losses. An increase in the carrying amount ol an asset as a resutt ol a revalualion. is recognised in other comprehensrve income and accumulated in equity, except to the extent tt reverses a revaluation decrease of the same asset prevKsusly reCognis￿l in FKofit or loss. A decrease in the carrying amount ol an asset as a result ol reV￿UatiOn. is recognised in other eomwehensive income lo the extent ol any prewousty recogllised revaluation increase awjmulated in equty in respect of that asset. Where a Tevdualion decrease exceeds the accumulated revaluatiorE g&Trs accumulated in uty in iespecl of that asset. the excess shall be recognised in PToff( or loss. KIDZONE Company Limited by Guarantee Notes to the Flnanclal Stalements Year ended 31 July 2021 Accountlng pollcles f¢onlin￿) Depreciation Dgprecialion is calculated so as to V4ttle off cost or vatuation of an asset, fess its Tesiduai value, over the useful ecor$om￿ of that asset as follows.. Property Alterations st￿￿h1 line Impalrmgnt of fixed assets A review lor indKators of impaFrment is carried at each rewrting dale. with the recoverable amount being estimated where such ir#J1cato￿ exist. Where the carryTng value exceeds the recoverable amount. the asset is irn￿red acwrdingly. P￿r impairments are also reviewed for possible feversal at each rewjrting dale. For the purposes ol impaimienl testing. vthen it is not pM)ssible to estimate lh8 recoverable amount of an individual asset, an es16mate is ma(k ol the recoverable amount of the castri- geneTaling unit lo which the assel belongs. The cash-generabng unit is the smallest identifiable group of assets thai inclLKles the asset and generates cash infiows that large￿ independent of the cash inflows from other assets OT groups ol assets. For impaimient testirvu ol grmxknll, the goodMII acquired in a business comblnation is, from the acquisition dale, allctated lo each ol the cash-generating units that are expected to benefit from the synergies of the combination. IrreS￿￿Ve of whether other assets or lthiltbes of the company are assigned to those untfs. Flnancial Inslruments A frnanciai asset or a tinancial liability is recognK%ed onty when the company becomes a paty to the contractual provssions of the instrumenL Basic financial instruments are Initi￿lY Teccmjnised transaction pri￿, unless thg arrangement constitutes a financing transaction. where il is recc¥Jnised al the present value of the fLrture payinents discounted al a rna￿et rate of interest for a similar debt instnjment. De￿ instruments are subsequgntty measured at amortised cost Where investments in nOn-convert￿b1e preference shares non-puttable ordinary shares or preference shares are publicly liaded or their fair vaiue can otherwise be measured reliably, the investrnenl is subsequerrtly measured at faTrr value with changes rn lair value recognised in profil or loss. All other such investrnents are subswnty measured at eAJSt less impaim)enL Other financial instmments, induding derivatives, are inttFalty recognised at f￿r value, unless payment lor an asset is deferred teyond normat t)usiness lemis or financed al a rate of interest that is not a market rate, in which we the asset is measured al the present value of the future payments discounted at a market rate ol interest for a SifT7ilar debl instrumert. Other finanryal instruments are subsequendy measurèd at fair vdue, swth any changes recognised in profit or loss, wrth the exception ol hedging instruments in a designated hedging relationshtp. KIDZONE Company Limlled by Guarantee Notes to the Financlal Stslements Year ended 31 July 2021 Accountlng policies (contsn￿J Flnanclal instruments Financial assets thai are measur￿1 at cost or amortised cost are reviewed lor objective evidence ol impaimient al the of each rewrting dale. If there is otyectrve evKJence of impairment, an impairment loss is reCc¥Jni￿￿ in profiE or loss immediately. For all equty instruments regardless of signkn, aml other financial assets that are individudly shJnilicant, these are assessed indrvKlually for impaimienl. Other linaneial assets are either assessed individU￿[Y or grouped on the basis of SIm￿ar Cr￿lIE risk characlerislics. Any reversals of impainnenl are recognise(l in profft or k)ss immedialety. lo the exlenl thal the reveTsal does not result in a carryrrfj amount of the asset that exceeds whal the carrying amount would have been had Ihe impwnnent not preVi￿sty been recc¥Jnised. Company Ilmltgd by guaranlee The Liability of members is limited lo an amount not exceeding one wund slerfing. Employee numbers The average number of persons employed by Ihe company during the year amounted to 11 12020.. 11). Profft beforn tsxatlon Profil before taxation is slated after charging: 2020 Depreciation of tangitle assets 420 420 Tanglble assets Freehold property Cost At 1 Augu8t 2020 and 31 Juty 2021 Depreciallon At 1 August 2020 Charge lor the year At 31 July 2021 Carrylng amount At 31 July 2021 At 31 July 2020 21,013 3,780 420 4.200 16,813 17,233 KIDZONE Company Urniled by Guarantee Notes to the Financial Ststements (c•7thM Year ended 31 July 2021 Creditors: amounts falling due wilhln year 2020 Bank loans aiKI overdrafts SOCI￿ seeurity and other taxes Other credf(ors 11,999 2,293 2,939 17.231 12,001 4,509 7,199 23,709 KIDZONE Company Umited by Guarantee Management Inforniation Year ended 31 July 2021 Thè tollowlng pages do not form part of thg flnan¢ial StateTh￿l KIDZONE Detsiled In￿rne Stateme Year ended 31 July 2021 2021 2020 Tumover Grants Unreslricted Donatrons Other Income PEAGS Pathway Fund 95,831 23,757 11.207 31.747 28,067 190,609 62,077 27.694 8,004 23,731 27.071 148,577 Gross proflt 190.609 148,577 Overheads Administrative expens8S 165,581 154.412 Operating prollulloss) 25.028 15.8351 ProfiV{loss) before taxation 25,028 15,835) KIDZONE Notes to the Detsiled Income Statement Year ended 31 July 2021 2020 Adminlstrative expenses A(Iminislralive staff salaries and Office Costs Employets national insurance contriLKthr Slaff pension contribLrtions- other Rent Light arKf heal Insurance Flepairs and mainienance latk)wable) Cleaning costs Flesources & Equipment Provisions Travel and substslence Telephone Office expenses Equipment repairs and renewals Printing postage and statM)nery Staff training Sundry expenses Legal and professional fees I￿rOWableI Aceounlancy fees Depreciation ol tangible assets Bank charges 119,547 118.738 729 1,896 1,411 3.485 2,397 1.859 232 8.399 2,265 4,063 85 6,165 2.021 1,406 2.335 10.094 1,183 11.957 1.552 808 20 343 2,509 1,241 2.762 1,300 420 258 298 1,008 2.112 2,892 1.412 420 209 165.581 154,412 10