EMPLOYERS FOR CHILDCARE DIRECTORS. REPORT FOR THE YEAR ENDED 31 MAY 2023 The directors present their annual report and finanoal statements forthe year ended 31 May 2023. The financial statements have been prepared in accordance wilh the accounting policies sel out in note 1 to the financial statemenls and comply with the charity's Memorandum and Arb"cles of Association, the Companie5 Act 2006 and "Accounting and Reporting by ClicAiilies. Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffeclive 1 January 20191. 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 goveming d¢xument. are lo advance education, to prevent and relieve povety and to relieve those in need by reason of financial hardship or other disadvantsge by.. promoting the provision and use of good quality registered childcare for the benefit of children ￿d their parents providing infomation 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 aSS¢xiated emplryment rights undertaking and publishing research into all aspects of childcare and work-related iSs￿S induding parental entitlements and the prowsion of childcare raising awareness of issues relating to provision of childcare facilities and parental entitlements. These purposes are intended to benefft families. particularly woth.ng parents with dependent children. and those parents who are seeking to get back into work. More broadly, the public at Sarge benefits Ihrou9h tIE economic development generated through broadening the pool of potential employees wthin the workforce. ￿.￿ng families out of povety and facilitating children's access to high quality earfy years education and childcare. The directors have paid due regard to guidance issued by the Charity Commission in decidiro what activtties the charity should undertake. Achievements and perfomiance 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 activitr.es which have enabled us to invest £7.4 million in our charity during that time. Our charity works directly with parents through the Family Deneffts Advice Service, and for parents through our research, policy, and lobbying work. To achieve the charity's purposes during ihe 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 infomiab.on on chIldca￿ and work-related issues both through operating a Freephone helpline and through delivering outreach. frjr example Presentations and one to one advice sessions in community and employer settings. We had over 1 million engagements with our serwces 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 parenls would recommend our services to other parents and 970A ol parents rate the quality of the service as excellent or good. EMPLOYERS FOR CHILDCARE DIRECTORS. REPORT FOR THE YEAR ENDED 31 MAY 2023 Recent feedback from our clients include-. .1 feel much better infonned since speaking wifh the Family Benefrts A¢fvice servi￿ and have been able to take action to maximise my wort( opportunities knowing the impact this will have on my benefrts. "It's very clear concise and jargon r￿e which is helpfvl forseryice users." "By providFng cmcial advice in such 8 short time of space, this saved us thousands of pounds by making the righl affangements in timè." .1 was told by a universal cre(Yit advisor I wasny going to be entilled to any help but Ernploye￿ For Childcare could see I was entitled to help. This Trduced my anxiety overmoney." Financial review The results for the period are as set out on pages 10 to 29. The chartty returned net outgoing reSoUr￿S of £223,889 12022 - £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 suffiuent reserves are available to allow the organisation to Gontinue its woth 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 cary reserves of stx month's running costs. Structure, governance and management The charity is a company limtted by guarantee and is govemed by its Memorandum and Articles ofAssociation. 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 MSA Mervyn Mrs L Mulholland Mr J O'Neill Mr M Stevenson The Board is responsible for the overall governan￿ of the charity. Directors are either elected or co-opted and the totsl number of directors shall not be subject to any maximum but shall not be less than ￿0. The Board delegates the exercise of certain powers in connectÉon with the management and administration of the charity to the Audit and Risk Committee. This is controlled by regular ￿porting back to the Board, so that all de￿s1OnS made under delegated powers can be ratified by the fvll board in due coutse. The Chief Executive Officer is responsible for the day to day management of the charity'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 charitsble activit.es of Employers for Childcare, are responsible for preparing the Directors, Report and Ihe finanaal statement5 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting practi￿). Company Law requires the directors lo 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 charrtable company for that year. In preparing these financial slatements. the directors are required to.. select suitable accounting policies and then apply them ￿nsiStentIy,. observe 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 concem basis unless tt is inappropriate to presun* thal 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 harity 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 Companies Act 2006. Dlsclosure of information to audltor Each of the directors has confimied that there is no InfO￿atIOn of which they are aware which 15 relevant to the audit, but of which the auditor is unaware. They have ftjrther confirmed that they have taken appropriate steps to identify such relevant infomiation and to establish that the auditor is aware of such infomiation. This report has been prepared in accordan￿ wsth the prowsion applicable to companies entitled lo the small companies exomption. The directors, report was approved by the Board of Directors. Ms M Marin OBE Secretary Date..