Charity Registration No. NIC101176
Company Registration No. N1043041 (Northern Ireland)
EMPLOYERS FOR CHILDCARE
GROUP ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

EMPLOYERS FOR CHILDCARE
LEGALAND ADMINISTRATIVE INFORMATION
Directors
Mrs J Kennedy
Mrs S Mccarry
Prof M McHugh OBE
Ms A Mervyn
Mrs L Mulholland
Mr J O'Neill
Mr M Stevenson
Secretary
Ms M Marin OBE
Charlty number
NIC101176
Company number
N1043041
Principal address
11 Blaris Industrial Estate
11 Altona Road
Lisburn
Co. Antrim
BT27 5QB
Registered office
11 Blaris Industrial Estate
11 Altona Road
Lisbum
Co. Antrim
BT27 5QB
Auditor
GMCG LISBURN
Century House
40 Crescent Business Park
Lisburn
BT28 2GN
Bankers
Danske Bank
4548 High Street
Portadown
Craigavon
Co Armagh
BT62 1 LB
Solicitors
Edwards & Co
28 Hill Street
Belfast
BT1 2LA
Worthinglons
24-38 Gordon Street
Belfast
BT12LG

EMPLOYERS FOR CHILDCARE
CONTENTS
Page
Directors, report
Independent auditor's report
Group Statement of financial activities
Group Statement of financial position
11
Company Statement of financial postion
12
Group Statement of cash flows
13
Company statement of cash flows
14
Notes to the financial statements
15-29

EMPLOYERS FOR CHILDCARE
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MAY 2023
The director5 present their annual report and financial statements for the year ended 31 May 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and Gomply 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 IFRS 102)" (effective 1 January 2019).
Objectives and activities
Employers For Childcare is established to make it easier for parents wth dependent children to get into work and to
stay in work. We do this by addressing childcare as an economic and a labour market issue.
The Charity's purposes, as set out in our governing document, are to advance education, to prevent and relieve
poverty and to relieve those in need by reason of financial hardship or other disadvantage by:
promoting the provision and use of good quality registered childcare for the benefit of children and their
parents
providing information on all aspects of childcare and work-related issues, and raising awareness of the
support available for parents including financial support with childcare costs, and associated employment
rights
undertaking and publishing research into all aspects of childcare and work-related issues including parental
entitlements and the provision of childcare
raising awareness of issues relating to provision of childcare facilities and parental entitlements.
These purposes are intended to benefit families, particularly working parents wilh dependent children, and those
parents who are seeking to get back into work. More broadly, the public at large benefits through the economic
development generated through broadening Ihe pool of potential employees within the workforce, lifting families out
of poverty and facilitating children's access to high quality early years education and childcare.
The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Achievements and performance
This year marked an incredible milestone for Employers For Childcare. Since 2008, when our Family Benefits
Advice Service began, we have identified over £105 million in financial support for families across the UK. This has
only been possible as a result of our social enterprise business activities which have enabled us to invest £7.4
million in our charity during that time.
Our charity works directly with parents through the Family Benefits Advice Service, and for parents through our
research. policy, and lobbying work. To achieve the charity's purposes during the year under review we undertook a
range of activities. We continued to deliver support and helped putting money back in the pockets of hard-pressed
families and the economy, at what was a challenging time for everyone. We provided a Family Benefits Advisory
Service offering free, impartial, and confidential advice and information on childcare and work-related issues both
through operating a Freephone helpline and through delivering outreach, for example presentations and one to one
advice sessions in community and employer settings.
We had over 1 million engagements with our services in person, online though social media and by telephone. We
helped over 11,000 people and carried out over 4,400 calculations for parents. In terms of deliveriro impact through
the Family Benefits Advice Service - 97 % of parents would recommend our seNices to other parents and 97 % of
parents rate the quality of the seNice as excellent or good.

EMPLOYERS FOR CHILDCARE
DIRECTORS. REPORT
FOR THE YEAR ENDED 31 MAY 2023
Recent feedback from our clients include=
"I feel much better informed since speaking with the Family Benefits Advice Service and have been able to take
action to maximise my work opportunities knowing the impact this will have on my benerrts"
°It's very clear concise and jargon free which is helpful for sewice users."
"By providing crucial advice in such a short time of space, this saved us thousands of pounds by making the righl
arrangements in time."
.1 was told by a universal credit advisor I wasn't going to be entitled to any help but Employers For Childcare could
see I was entitled to help. This reduced my anxiety over money."
Financial review
The results for the period are as set out on pages 10 to 29. The charity returned net outgoing resources of £223,889
(2022 - £151,766). At 31 May 2023 the level of unrestricted reserves held was £2,869,689 (2022- £3,093,578).
The Directors are obliged to ensure that sufficient reserves are available to allow the organisation to continue its
work in the foreseeable future. From June 2008 the main source of income is the trading activity of Employers For
Childcare Trading. The Directors would wish to carry reserves of six month's running costs.
Structure, governance and management
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association.
The directors who served during the year and up to the date of signature of the financial statements were-.
Mrs J Kennedy
Mrs S Mccary
Prof M McHugh OBE
Ms A Mervyn
Mrs L Mulholland
Mr J O'Neill
Mr M Stevenson
The Board is responsible for the overall governance of the charity. Directors are either elected or co-opted and the
total number of directors shall not be subject to any maximum but shall not be less than two.
The Board delegates the exercise of certain powers in connection with the management and administration of the
charity to the Audit and Risk Committee. This is controlled by regular reporting back to the Board, so that all
decisions made under delegated powers can be ratified by the full board in due course.
The Chief Executive Officer is responsible for the day to day management of the Gharity's affairs and for
implementing the policies agreed by the Board of Directors.

EMPLOYERS FOR CHILDCARE
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MAY 2023
statement of directors, responsibilities
The directors who also act as trustees for the charitable activities of Employers for Childcare, are responsible for
preparing the Directors, Report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice).
Company Law requires the directors 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 directors are required to=
select suitable accounting policie5 and then apply them consistently-
obsetve the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the group and 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 group and
charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
The auditor, GMCG LISBURN, is deemed to be reappointed under section 487{21 of the CompaniesAct 2006.
Disclosure of information to auditor
Each of the directors has confirmed that there is no information of which they are aware which is relevant to the
audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant information and to establish that the auditor is aware of such information.
This report has been prepared in accordance with the provision applicable to companies entitled to the small
companies exemption.
The directors, report was approved by the Board of Directors.
Ms M Marin OBE
Secretary
Date..

EMPLOYERS FOR CHILDCARE
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EMPLOYERS FOR CHILDCARE
Opinion
We have audited the financial statements of Employers for Childcare (the 'parent charitable company,) for the year
ended 31 May 2023 which comprise the group statement of financial activities, the group statement of financial
position, the company statement of financial position, the group statement of cash flows, the company statement of
cash flows and the 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 FRS 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..
give a true and fair view of the state of the group and charitable company's affairs as at 31 May 2023 and of
its incoming resources and application of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing {UK) (ISAS {UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit ol
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
Stsndard, 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 directors, use of the going concem 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 ￿e1ve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concem are described in the
relevant sections of this report.

EMPLOYERS FOR CHILDCARE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EMPLOYERS FOR CHILDCARE
Other information
The other information comprises the information included in the annual report other than the finartial statements
and our auditorfs report thereon. The directors are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, 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.
Opinions on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the information given in the directors, report, for the financial year for which the financial statements are
prepared is consistent with the financial statements., and
the directors, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
Sn the light of the knowledge and understanding of the group and parent charitable company and its environment
obtained in the course of the audit, we have not identified material misstatements in the directors, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of directors, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit-, or
the directors were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the directors, report and from the
requirement to prepare a strategic report.

EMPLOYERS FOR CHILDCARE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EMPLOYERS FOR CHILDCARE
Responsibilities of directors
As explained more fully in the statement of directors, responsibilities, the directors 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 directors 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 directors
are responsible for assessing the group's and parent charitable company's ability to continue as a going concern,
disclosing, as applicable, matters related to going concem and using the going concern basis of aco)unting unless
the directors 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
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 audttor'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 ststements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

EMPLOYERS FOR CHILDCARE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EMPLOYERS FOR CHILDCARE
Extent to which the audit was considered capable of detecting irregularities, includlng fraud
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
and then design and perform audit procedures responsive to those risks. including obtaining audit evidence that is
sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing potential risks of material misstatement in respect of irregularities, including fraud and
non-compliances with laws and regulations, we considered the following:
The nature of the industry and Sector, control environment and business performance, including the group's
and company's remuneration policies for directors, bonus levels and performance targets, if any,.
Results of our enquiries of management about their own identification and assessment of the risks of
irregularities.,
Any matters we identified having obtained and reviewed the group's and company's documentation of their
policies and procedures relating to..
Identifying. evaluating and complying with laws and regulations and whether they were aware of
any instance of non-compliance.,
Detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud,. and
The internal controls established to mitigate risks of fraud or non-compliance with laws and
regulations.,
The matters discussed among the audit engagement team regarding how and where fraud might occur in
the financial statements and potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the group and
charitable company for fraud and identified the greatest potential for fraud in income recognition. In common with
all audits under ISAS (UK), we are also required to perform specific procedures to respond to the risk of
management override.
We also obtained an understanding of the legal and regulatory frameworks that the group and charitable company
operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of
material amounts and disclosures in the financial statements. The key laws and regulations we considered in this
context included the Companies Act 2006, and local tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial
statements but compliance with which may be fundamental to the group's and charitable company's ability to
operate or to avoid a material penalty.

EMPLOYERS FOR CHILDCARE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EMPLOYERS FOR CHILDCARE
Audit response to risks identifIed
Our procedures to respond to the risks identified included the following:
Reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the
financial statements.,
Enquirtng of management concerning actual and potential litigation and claims.,
Performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud.,
Reading minutes of meetings of those charged with governance and reviewing correspondence with tax
authorities., and
In addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments,. assessing whether the judgements made in making accounting
estimates are indicative of a potential bias,. and evaluating the business rationale of any significant
transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the
audit.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed our audit
in accordance with auditing standards. In addition. as with any audit, there remains a higher risk of non-detection of
irregularities, as they may involve collusion, forgery, intentional omissions, misrepresentations, or the override of
internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-
compliance with all laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council's website at- https'.11
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.

EMPLOYERS FOR CHILDCARE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EMPLOYERS FOR CHILDCARE
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitaije company's
members 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 charitable
company and the charitable company's members as a body, for our audit work, for this report, or forthe opinions we
have formed.
Mr Stephen Houston FCA (Senior Statutory Auditor)
for and on behalf of GMCG LISBURN
Chartered Accountants
Statutory Auditor
Century House
40 CreS￿nt Business Park
Lisburn
BT28 2GN

EMPLOYERS FOR CHILDCARE
GROUP STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MAY 2023
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Notes
Incorn
and
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
31,115
45,567
31,115
45,567
685,870
86,585
1,955
43,750
43,750
626,347
10,966
15,279
685,870
86,585
1,955
626,347
10,966
15,279
Total income
774,410
76,682
851,092
652,592
43,750
696,342
nditure on:
Raising funds
844,435
844,435
556,457
556,457
Charitable activities
166,986
76,682
243,668
262,948
43,750
306,698
Tax on activites
(13,122)
(13,1221
{15,047)
(15,047)
Total expenditure
998,299
76,682
1,074,981
804,358
43,750
848,108
Net movement in funds
(223,889)
{223,889) (151,766)
(151,7661
Fund balances at 1 June 2022
3,093,578
3,093,578 3,245,344
3,245,344
Fund balances at 31 May
2023
2,869,689
2,869,689 3,093,578
3,093,578
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
10-

EMPLOYERS FOR CHILDCARE
GROUP STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023
2023
2022
Notes
Fixed assets
Tangible assets
15
2,303,248
2,416,129
Current assets
Stocks
Debtors
Cash at bank and in hand
17
18
2,328
35,245
6,351,872
30,814
7,856,857
6,389,445
7,887,671
Credltors: amounts falling due within
one year
19
(5,756,440)
(7,130,536)
Net current assets
633,005
757,135
Total assets less current liabilities
2,936,253
3,173,264
Provisions for liabilities
21
(66,5641
(79,686)
Net assets
2,869,689
3.093,578
Income funds
Unrestricted funds
2,869,689
3,093,578
2,869,689
3,093,578
These financial statements have been prepared in accordance with the provisions applicable lo companies subject
to the small companies regime.
The financial statements were approved and authorised for issue by the Directors on
its behalf by
and signed on
Mrs S Mccarry
Trustee
Mr M Stevenson
Trustee
Company Registration No. N1043041
11

EMPLOYERS FOR CHILDCARE
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023
2023
2022
Notes
Fixed assets
Tangible assets
15
1,952,897
1,995,372
Current assets
Debtors
Cash at bank and in hand
18
94,807
452,440
12,192
783,047
547,247
795,239
Creditors: amounts falling due within
one year
19
(11,3441
(189,5381
Net current assets
535,903
605,701
Total assets less current liabilities
2,488,800
2,601,073
Income funds
Unrestricted funds
2,488,800
2,601,073
2,488,800
2,601,073
As pemiitted by S408 Companies Act 2006, the charitable company has not presented its own profit and loss
account and related notes. The charitable company's deficit for the year was £112,273 (2022 - £40,684)
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 Directors and authorised for issue on
its behalf by
Z&.7.Z4
and signed on
Mrs S Mccarry
Trustee
Mr M Stevenson
Trustee
Company Registration No. N1043041
12

EMPLOYERS FOR CHILDCARE
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MAY 2023
2023
2022
Notes
Cash flows from operating activitles
Cash absorbed by operations
Taxes paid
Income taxes refunded
25
(1,589,630)
{1,595,8031
2,361
7,125
Investing activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Investment income received
(9,065)
(9,8851
1,329
10,986
86,585
Net cash generated from Investing
activities
77,520
2,410
Net cash used In financing activities
Net decrease in cash and cash equivalents
(1,504,985)
11,591,032)
Cash and cash equivalents at beginning of year
7,856,857
9,447,889
Cash and cash equivalents at end of year
6,351,872
7,856,857
13-

EMPLOYERS FOR CHILDCARE
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MAY2023
2023
2022
Notes
Cash flows from operating activities
Cash (absorbed by}Igenerated from
operations
27
(332,066)
146,864
Investing activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Investment income received
(4,364)
25
41
1,459
Net cash generated froml(used in)
investing activities
1,459
(4,298)
Net cash used in financing activities
Net (decrease)lincrease in cash and cash
equivalents
(330,607}
142,566
Cash and cash equivalents at beginning of year
783,047
640,481
Cash and cash equivalents at end of year
452,440
783,047
14-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
Accounting policies
Charity information
Employers for Childcare is a private company limited by guarantee incorporated in Northern Ireland. The
registered office is 11 Blaris Industrial Estate, 11 Altona Road, Lisburn, Co. Antrim, BT27 5QB.
1.1 Accounting convention
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" I'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. The principal accounting
policies adopted are set out below.
1.2 Basis of consolidation
The consolidated financial statements incorporate those of Employers for Childcare and all of its subsidiaries
(ie entities that the group controls through its power to govern the financial and operating policies so as to
obtain economic benefits).
All intra-group transactions, balances and unrealised gains on transactions between group companies are
eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence
of an impairment of the asset transferred.
1.3 Going concern
The charitable group as well as carrying out charitable activities via it's Family Benefits Advice Service also
operates the administration of a childcare voucher scheme and an indoor adventure facility, called High Rise.
The directors have reviewed the cost structure for High Rise during the 2024 financial year and have taken
action to reduce costs and through a concentrated marketing campaign to increase footfall. The charity uses
the funds generated from the High Rise facility and the childcare voucher scheme to finance the charitable
activities it undertakes.
The group meets its day to day working capital requirements through it's own bank reserves and has no
external funding. Total funds at bank available for use by the group and charity at the year-end was £692,126
12022 - £814,525) and the directors believe that the charitable group has adequate reserves to self-finance
the charitable activities while the trading operations transition.
The directors have considered future financial projections and future cash flow requirements and are confident
that the company will continue in business for the foreseeable future. On this basis, the directors consider it
appropriate to prepare the financial statement5 on the going concern basis.
1.4 Charitable funds
Unrestricted funds are available for use at the discretion of the directors in furtheran￿ of their charitable
objectives.
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 statements.
15-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY2023
Accounting policies (Continued)
1.5 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.
Income from charitable activities provides core funding to support the charity's activities and is recognised in
ftjll in the statement of financial activities in the year in which they are receivable,
The charity receives govemment grants in respect of the provision of specified services, projects and
activities. Income from govemment and other grants are recognised at fair value whèn the Gharity has
entitlement after any performance conditions have been met, it is probable that the income will be received
and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
Income from trading activities provides additional funding to support the charity's activities and is recognised
in full in the statement of financial activities in the year in which they are receivable.
Investment income is included in the year in which it is receivable.
1.6 Expenditure
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate
all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to
make payments to third parties, it is probable that the settlement will be required and the amount of the
obligation can be measured reliably. It is categorised under one of the following headings.. Costs of raising
funds, Expenditure on charitable activities and Other expenditure.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Support costs are those that assist the work of the charity but do not directly represent charitable activities
and include office costs, governance costs, depreciation costs and administrative payroll costs. They are
incurred directly in support of expenditure on the objects of the charity and include project management
carried out at the office. Office costs, depreciation costs governance costs and payroll costs are allocated to
charitable activities based on useage. The allocation of the support costs is analysed in note 11.
1.7 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..
Freehold land and buildings
Fixtures and fittings
Computers
20/0 & 12.50/0 Straight Line
100/0
33.33 % Straight Line
33.33% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds
and the carying value of the asset, and is recognised in the statement of financial activities.
16-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
Ac¢ountlng policies (Continued)
1.8 stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Nel realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
1.9 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.
1.10 Flnanclal 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 simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction pri￿ 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.
17-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
Accounting policies (Continued)
1.11 Taxation
There is no liability in respect of the Chartty due to the charitable status.
Taxation in the year comprises current and deferred tax and relates to the activities of the charity's subsidiary
company. Tax is recognised in the Income Statement, except to the extent that it relates to items ￿COgniSed
in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are
recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax
liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference
arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects
neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent
that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be
recovered. Deferred tax is calculated at the tsx rates that are expected to apply in the period when the liability
is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it
relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in
equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset
current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same
tax authority.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Temiination 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.
1.13 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the directors are required to make judgements,
estimates and assumptions about the carying 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
pertod, or in the period of the revision and future periods where the revision affects both current and future
periods.
18

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
Critical accounting estimates and judgements {Continuedl
Key sources of estimation uncertalnty
Flxed assets
The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset
and estimates of residual values. The directors regularly review these assets lives and change them as
necessary to reflect current thinking on remaining lives in light of prospective economic utilisaticn and physical
condition of the assets concerned. Changes in assets lives can have a significant impact on depreciation
charges for the period. Detail of the useful lives is included in the accounting policies.
Donations and legacles
Restricted
funds
Total
2023
2022
The Rank Foundation
31,115
Charitable activities
Restricted Restricted
Funds
Funds
2023
2022
Services provided under contract
45,567
43,750
Other trading activities
Unrestricted Unrestricted
funds
funds
2023
2022
Childcare voucher administration fees
High Rise Income
478,225
207,645
626,347
Other trading activities
685,870
626,347
19-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
Investments
Unrestricted Unrestricted
funds
funds
2023
2022
Interest receivable
86,585
10,966
Other income
Unrestricted Unrestricted
funds
funds
2023
2022
Miscellaneous income
Other coronavirus funding
Insurance claim receivable
1,955
160
10,000
5,119
1,955
15,279
Raising funds
Unrestricted Unrestricted
funds
funds
2023
2022
Trading costs
Staff costs
Depreciation and impaimient
Share of support costs (see note 11)
218,295
527,190
92,214
6,736
80,836
379,815
90,480
5,326
844,435
556,457
-20-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
Charitable activities
2023
2022
staff costs
Depreciation and impairment
Travel
Printing & publicity
155,230
25,485
3,270
712
221,757
25,561
1,400
792
184,697
249,510
Share of support costs (see note 111
Share of governance costs (see note 11)
30,146
28.825
12,390
44,798
243,668
306,698
Analysis by fund
Unrestricted funds
Restricted funds
166,986
76,682
262,948
43,750
243,668
306,698
10 Description of charitable activities
To make it easier for parents with dependent children to get into work and to stay in work.
21

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
11
Support costs
Support Governance
costs
Costs
2023Support costs Govemance
costs
2022
Staff costs
Depreciation
Telephone
Computer costs
Premises expenses
Insurance
Bank fees
Security costs
Postage and stationery
Legal & Professional
Sundry expenses
Staff training and
recruitment
8,792
4,247
204
648
539
263
8,792
4,247
2,038
6,476
5,385
2,626
296
368
2,007
10,142
1,769
23,108
4,260
193
628
305
229
23,108
4,260
1,931
6,280
3,054
2,290
226
126
1,766
14,002
1,130
1,834
5,828
4,846
2,363
296
331
2,007
224
1,592
1,738
5,652
2,749
2,061
226
113
1,766
803
1,017
37
13
9,918
177
13,199
113
17,561
17,561
1,591
1,591
Audit fees
4,000
4,000
2,750
2,750
36,882
28,825
65,707
17,716
44,798
62,514
Analysed be￿een
Raising funds
Charitable activities
6,736
30,146
6,736
58,971
5,326
12,390
5,326
57,188
28,825
44,798
36,882
28,825
65,707
17,716
44,798
62,514
The basis of allocation of the support costs identified above is a mixture of the percentage of time spent on
each activity and the pro rata cost of each direct cost when compared to the support cost.
Governance costs includes payments to the auditors of £4,000 (2022- £2,750) for audit fees.
12 Directors
None of the directors (or any persons connected with them) received any remuneration or benefits from the
harity durtng the year.
13 Employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
41
16
-22-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
13 Employees {Continuedl
Employment costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
614,170
48,791
28,252
415,965
35,319
173,396
691,212
624,680
Included in the pension costs in the prior year is £148,099 paid as settlement on withdrawing from the multi-
employer defined benefit scheme that the charity previously participated in.
The charity considers its key management personnel to comprise of the Chief Executive Officer and the senior
management team. The total employment bener￿tS including employer pension contributions of the key
management personnel were £208,69112022 - £184,078).
The number of employees whose annual remuneration was more than £60,000 is as follows..
2023
Number
2022
Number
£60,000 to £80,000
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 Taxationof Chargeable Gain5 Act 1992 to the extent that these are applied to its charitable objects.
23-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
15 Tangible fixed assets
Group
Freehold Fixtures and Computers
land and
fIttings
buildings
Total
Cost
At 1 June 2022
Additions
Disposals
2,121,255
635,347
4,437
48,107
4,628
2,804,709
9,065
At 31 May 2023
2,121,255
639,784
52,735
2,813,774
Depreciation and impairment
At 1 June 2022
Depreciation charged in the year
Eliminated in respect of disposals
125,268
42,570
219,835
76,291
43,477
3,085
388,580
121,946
At 31 May 2023
167,838
296,126
46,562
510,526
Carrying amount
At 31 May 2023
1,953,417
343,658
6,173
2,303,248
At 31 May 2022
1,995,987
415,512
4,630
2,416,129
-24-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
15 Tangible fixed assets (Continued)
Charlty
Freehold Fixtures and Computers
land and
fittings
buildings
Total
Cost
At 1 June 2022
2,106,783
2,696
5,492
2,114,971
At 31 May 2023
2,106,783
2,696
5,492
2,114,971
Depreciation and impalrment
At 1 June 2022
Depreciation charged in the year
111,901
42,136
2,696
5,002
339
119,599
42,475
At 31 May 2023
154,037
2,696
5,341
162,074
Carrying amount
At 31 May 2023
1,952,746
151
1,952,897
At 31 May 2022
1,994,882
490
1,995,372
16 Subsidaries
Details of the Charity's subsidiary at 31 May 2023 is as follows-
Ernployers for Childcare Trading Limited
Registered office.. 11 Blaris Industrial Estate, 11 Altona Road, Lisburn, BT27 5QB
Nature of business.. Other business support activities
This company is limited by guarantee and is deemed to be controlled by the charity.
17 Stocks
2023
2022
Finished goods and goods for resale
2,328
18 Debtors
2023
2022
Amounts falling due within one year:
Group
Trade debtors
Corporation tax recoverable
Other debtors
Prepayments and accrued income
1,687
3,129
7,125
4.263
16,297
9,624
23,934
35,245
30,814
-25-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
18 Debtors (Continued)
2023
2022
Charity
Amounts owed by subsidiary undertakings
Other debtors
Prepayments and accrued income
77,597
9,624
7,586
4,263
7,929
94,807
12,192
19 Creditors: amounts falling due within one year
2023
2022
Notes
Group
Other taxation and social securlty
Deferred income
Vouchers payable
Trade creditors
Other creditors
Accruals and deferred income
28,529
35,991
14,000
6,871,178
9,732
176,554
23,081
20
5,659,746
23,923
7,306
36,936
5,756,440
7,130,536
2023
2022
Charity
Other taxation and social security
Trade creditors
Amounts owed to subsidiary undertakings
Other creditors
Accruals and deferred income
25
82
8,201
734
1,791
171,827
6,985
1,462
9,775
11,344
189,538
20 Deferred income
2023
2022
Deferred income
14,000
-26-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
20 Deferred income (Continued)
Deferred income is included in the financial statements as follows..
2023
2022
Deferred income is included within..
Current liabilities
14,000
Movements in the year..
Deferred income at 1 June 2022
Released from previous periods
Resources deferred in the year
14,000
(14,000)
14,000
Deferred income at 31 May 2023
14,000
Included in deferred income is £nil (2022 £14,000) relating to grant monies received from The Rank
Foundation.
21
Provisions for Siabilities
2023
2022
Deferred tax liabilities
66,564
79,686
66,564
79,686
22 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balan￿$ of
donations and grants held on trust for specific purposes..
Movement in funds
Incoming
Resources
Balance at
resources
expended 1 June 2022
Movement in funds
Incoming
Resources
Balance at
resources
expended 31 May 2023
Health & Social Care Trust
The Rank Foundation
43,750
143,750)
45,567
31,115
(45,567)
{31,115)
43,750
(43,750)
76.682
(76,682)
Health & Social Care Trus
To enable Family Benefits Advice servi￿ to provide information, advice and guidance to families.
The Ra
ion
Towards employment of a new 3-year entry level position within the organisation.
27-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
23 Analysis of net assets between funds
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted
funds
2022
Restricted
funds
2022
Total
2023
2022
Fund balances at 31
May 2023 are
represented by-
Tangible assets
Current assetsl(liabilities)
Provisions
2,303,248
633,005
{66,564)
2,303,248 2,416,129
633,005
757,135
{66,5641
(79,686)
2,416,129
757,135
(79,686)
2,869,689
2,869,689 3,093,578
3,093,578
24 Related paty transactions
There were no disclosable related party transactions during the year {2022 - none).
25 Cash generated from group operations
2023
2022
Deficit for the year
(223.889)
(151,7661
Adjustments for..
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impaimient of tangible fixed assets
Settlement of pension obligations
Taxation
(86,585)
(10,966)
{119)
120,420
(16,877)
(15,047)
121,946
(13,122)
Movements in working capital..
(Increase) in stocks
{Increase)/decrease in debtors
(Decrease) in creditors
(Decrease)Iincrease in deferred income
(2,328)
(11,556)
2,837
(1,360,096) (1,538,285)
(14,000)
14,000
Cash absorbed by operations
(1,589,630) (1,595,803)
26 Analysis of changes in net funds - group
The charity had no debt during the year.
-28-

EMPLOYERS FOR CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
27 Cash generated from operations - charity
2023
2022
Deficit for the year
(112,273)
(40,684)
Adjustment5 for..
Investment income recognised in statement of financial activilies
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Difference between pension charge and cash contribution5
{1,4591
(41)
(25)
42,626
{16,877)
42,475
Movements in working capital..
Ilncrease)Idecrease in debtors
IDecrease)lincrease in creditors
(82,615)
(178,194)
24,462
137,403
Cash (absorbed by)Igenerated from operations
(332,066)
146,864
28 Analysis of changes in net funds
The charity had no debt during the year.
-29-