REGISTERED COMPAINY NUMBER: N1032914 (Northern Ire12nd) REGISTERED CHARITY NUMBER.. NIC101411 Re ort of the Trustees and Financial Statements for the Year Ended 31 March 2024 for Children in Northern Ireland Acom an Limited b Guarantee Lynn Drake & Co Ltd Statutory Auditors I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE
Children in Northern Ireland Contents of the Financial Statements for the Year Ended 31 March 2024 Page Reference and Administrative Details Report of the Trustees Report of the Independent Auditors 8 to 11 Statement of Financial Activities 12 Statement of Financial Position 13 Statement of Cash Flows 14 Notes to the Statement of Cash Flows 15 Notes to the Financial Statements 16 to 28 Detailed Statement of Financial Activities 29 to 30
Children in Northern Ireland Reference and Administrative Details for the Year Ended 31 March 2024 TRUSTEES Marie Cavanagh John Hunsdale Alison Beattie Brenda McQueen Bernard Hannaway Michele Janes (resigned 101112024) Paul Morgan Colin Hayburn (appointed 241412023) COMPANY SECRETARY Pauline Leeson REGISTERED OFFICE Unit 9 40 Montgomery Road Belfast Co. Antrim BT6 9HL REGISTERED COMPANY NUMBER N1032914 (Northern Ireland) REGISTERED CHARITY NUMBER NIC101411 AUDITORS Lynn Drake & Co Ltd Statutory Auditors I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE CHIEF EXECUTIVE Pauline Lceson. CBE
Children in Northern Ireland ort of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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 l January 2019). OBJECTIVES AND ACTIVITIES Principal Activities The main activities of the Company are unchanged since last year and are principally to promote the preservation and protection of health and the personal development of children, without distinction of sex, race or of political, religious or other opinions, and the advancement of public education in cliild care associating the appropriate voluntary agencies with the object of improving the conditions of life for such children in Northern Ireland.
Children in Northern Ireland Re ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Strategies for Achieving Aims and Objectives In our latest Strategic Plan we outlined 3 strategic pillars to guide our work in the short to mid term.. Influencing: Lobbying to ensure children are at the centre of decision making. l. CINI will help shape policy and future Programmes for Government and proposed strategies for future delivery that are affordable and tangible. 2. CINI will work with government to produce chtld friendly versions of policies. 3. CINI will highlight emerging trends and engage with politicians to deepen their understanding of the complex issues which face children and young people. 4. CiNl will work with Government to encourage greater co-operation between Government Departments and an open and transparent budgeting process for children and young people is established. 5. CINI will work with local government to ensure the voice and interests of children and young people inform community planning processes. 6. CINI will integrate evidence from a range of sources to inform planning and decision making at all levels as the 'go to, source for child policy information in Northern Ireland. Learning: Capacity building across the sector and innovating best practice l. CINI will develop a sector wide training needs analysis as a basis for a comprehensive menu of learning and development to increase the capacity and quality of services provided for Children and young people. 2. CINI will optimise digital software and tools to provide relevant, accessible knowledge and skills development in areas such as child development and child protection. 3. CINI will gather information to forecast future trends and stimulate innovation to meet the emerging needs of children, young people and practitioners. 4. CINI will promote the accreditation of social care staff who work with children and young people as a quality standard. 5. CINI will support the joint working group with the Health and Social Care Trusts to drive cross-boundary training and co-operative Working. 6. CINI will source evidence and best practice to inform the development of practice and provision. Collaboration: Working with others to increase impact l. CINI builds alliances to drive reform on issues affecting children and young people across cducation, justice. health, employment and the private sector. 2. The key Partnerships which CINI chairs: Child Poverty Alliance and Children's Disability Strategic Alliance continue to make a demonstrable impact on policy.
Children in Northern Ireland ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES 3. CINI is positively contributing to systemic change in Northern Ireland through its membership of strategic partnerships such as the Children and Young People's Strategic Partnership & the Safeguarding Board for Northern Ireland. Public benefit Purposes l To promote, develop and support the voluntary and community sector particularly those organisations offering services and support to children. young people and their families in Northern Ireland. 2. To promote the well being of children, young people and their families to improve their lives in Northern Ireland. The Trustees believe that both our purposes satisfy both elements of the public benefit requirement. Purpose l- the direct benefits which flow from this purpose include a strong professional community of practice across the voluntary and community sector who are able to work effectively with Children and Young People. The benefits are demonstrated through feedback from member organisations and regular independent evaluation and monitoring of our services by DOH and SPPG. Th¢ beneficiaries of this purpose are voluntary and community sector organisations working with children, young people and their families living in Northern Ireland. Purpose 2 The direct benefit from this Purpose include resources being directed towards activities and services that maximise benefits for all children. These benefits are demonstrated by evideTice from government departments and statutory authorities in relation to policy commitments and resource allocation to children's services. The beneficiaries of this purpose are children, young people and their families living in Northern Ircland.
Children in Northern Ireland Re ort of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW Financial position The company had net outgoing resources for the year of £25,708 (2023: net incoming resources of £9,776). Unrestricted funds increased by £21.871, while restricted funds decreased by £47,579. Review of the Year In a year that has presented significant challenges for all of us, Children in Northern Ireland and the sector continued to provide quick and efficient responses to the needs of children and their families. We have worked with our community partners in Carrickfergus, Downpatrick, Limavady and Portadown and our Youth Advisory Group to empower communities to build a sustainable response to food insecurity by producing peer research on poverty. We have strengthened our Regional Parent Helpline by delivering workshops on School Based Anxiety and Parenting through Disability and expanding the Passionate Parents Network. We continue to develop and deliver award winning posts through Parentline on topics such as Breastfeeding and School Avoidance. Influencing We launched the Children's Policy Forum and supported the Children's sector to ensure the continuation of core funding. Learning Our wide range of learning and development courses across NI continue to expand with the Continuation of contracts with local councils and Mears Group. Collaboration We continue to service 6 Locality Groups in Southern Trust alongside CYPSP. We continue to roll out the School Uniform Recycling Toolkit for schools and hosted Feel Good events on emotional wellbeing and health for young people. Sustainability We continue to work with a range of public, private, statutory. govcrnmental and voluntary trust bodies to support our work. Effectiveness Children in Northern Ireland continues to adapt to the changing environment to achieve impact and change for children, young people and their families Reserves policy The charity's policy is to retain a level of free reserves, which matches the needs of the organisation, both at the current time and in the foreseeable future. The reserves required should be sufficient to meet committed grant expenditure and the running costs for a period equivalent to six months annual expenditure. The charity will continue to monitor compliance with this policy on a regular basis and the Board will review the appropriateness of the policy annually.
Children in Northern Ireland ort of the Trustees for the Year Ended 31 March 2024 FUTURE PLANS We plan to develop a Forum for parents of children with disabilities to facilitate engagement re access to services. Our Regional Parenting Helpline, Parentline NI, will continue to provide support, guidance and advice to parents and carers with a particular focus on parental participation. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Children in Northern Ireland Limited is a company limited by guarantee without a share capital. It is governed by a Memorandum and Articles of Association and the liability of the members is limited to an amount not exceeding £1 O. The Board of Directors meets on a quarterly basis. Related parties There were no related paty transactions for the year ended 31 March 2023. Risk management The principles of good governance are embedded within all aspects of Children in Northern Ireland Limited operations with management and staff being keenly aware of the Boards responsibility of ensuring that the organisation protects itself from financial exposure and reputational damage, A close working relationship is maintained between the Board and management to ensure that operationally staff are aware of the standards required of them by the Board and the Board are always in a position to provide guidance and support to tnanagement in the discharge of their duties. This two way relationship is the key feature of Children in Northern Ireland Limited governance arrangements and is a key strength in the company. A conscientious approach to ensuring that contractual project requirements are achieved has been maintained at all times both in the accounting period being reported on and since Children in Northern Ireland Limited's establishment. Very tight financial controls on expenditure and all financial commitments are maintained at all times and project staff have been trained and have become experienced in budgctary controls.in both these areas ie Project delivery and financial controls management all staff have established close working relationships with funding organisations to ensure all mandatory standards are consistently achieved. Board representatives also actively engage with funding bodies. The Board. management and staff are fully aware that the nature of the work in which Children in Northern Ireland Limited is involved can bring with it a high level of scrutiny to ensure that all activities are fully compliant with funding requirements and, therefore, beyond reproach. The Board of Children in Northern Ireland Limited is, therefore, greatly reassured of the company's compliance with the highest of standards of governance on the basis that all monitoring and evaluation of project delivery demonstrates achievement of all funders, objectives and that funders, audits and vouching of financial expenditure and the statutory audit confirm compliance with both probity and regularity in the use of monies received. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Children in Northern Ireland for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Children in INorthern Ireland ort of the Trustees for the Year Ended 31 March 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued 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 charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP. make judgements and estiinates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with r¢asonabl¢ accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit information of which the charitable company's auditors are unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditois are aware of that information. AUDITORS The auditors, Lynn Drake & Co Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 25 November 2024 and signed on its behalf by: Pauline Leeson - Secretary
ort of the Inde endent Auditors to the Members of Children in Northern Ireland Opinion We have audited the financial statements of Children in Northern Ireland (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting frainework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and have been prepared in accordance with the requirements of the Companies Act 2006. 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 Auditors, responsibilities for the audit of the financial statements section of our rcport. We are independent of the charitable company 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 tlie provisions available for small entities, in the circumstances set out in note 18 to the financial statements, 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 charitable company'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.
ort of the Inde endent Auditors to the Members of Children in Northern Ireland Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 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. In connection with our audit of the financial statements, 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 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 prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where 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 trustees, remuneration specified by law are not made. or we have not received all the information and explanations we require for our audit. or the trustees wcre not entitled to take advantage of the small companies exemption from the requirement to pr¢pare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes 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 charitable company'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 alternativc but to do so.
ort of the Inde endent Auditors to the Members of Children in Northern Ireland Our 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 a Report of the Independent Auditors 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.. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. In particular, we looked at where management made subjective judgements, for example in respect of accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion, we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management for risk of fraud. Based on our understanding of the company and industry, we identified the principal risks of non-compliance with laws and regulations as those that have a direct impact on the determination of material amounts and disclosures in the financial statements. We evaluated management's incentives and opportunities for fraudulent manipulation of the financtal statements and identified the greatest potential for fraud. We communicated the identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. Audit procedures performed included, but were not limited to: Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud. Reviewing the financial statement disclosures and testing to supporting documentation. Review of board meeting minutes of those charged with governance. In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments- As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:_ Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The Tisk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charities internal control. 10
ort of the Inde endent Auditors to the Members of Children in Northern Ireland Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Perform analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud or error. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charities ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation. structure, and content of the financial statements, tncluding the disclosures and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding. among other matters, the planned scope and timing of the audit and significant audit findings, including significant deficiencies in internal control that we identify during our audit, A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.ukJauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 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 charitable company's members those matters we are required to statc to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. istair Wells (Senior Statutory Auditor) for and on behalf of Lynn Drake & Co Ltd Statutory Auditors I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE 25 November 2024
Children in Northern Ireland Statement of Finaneial Activities Incor oratin an Income and Ex for the Year Ended 31 March 2024 enditure Account 31.3,24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Charitable activitie5 Grants Receivable 801.934 801,934 943,624 Investment income Other income 9,872 118,692 9,872 124,858 1,282 119,902 6,166 Total 128,564 808,100 936,664 1,064,808 EXPENDITURE ON Raising funds 1,128 9,781 10,909 31,667 Charitable activities Direct Charitable Expenditure Governance 19,372 3,600 928,491 947,863 3,600 1,019,765 3,600 Total 24,100 938,272 962,372 1,055,032 NET INCOMEI(EXPENDITURE) Transfers between funds 104,464 (82,593) (130,172) 82,593 (25,708) 9,776 15 Net movement in funds 21.871 (47,579) (25,708) 9,776 RECONCILIATION OF FUNDS Total funds brought forward 549.259 161,246 710,505 700,729 TOTAL FUNDS CARRIED FORWARD 571.130 113,667 684,797 710,505 The notes form part of these financial statements 12
Children in Northern Ireland Statement of Financial Position 31 March 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 27,068 43,442 CURRENT ASSETS Debtors Cash at bank 12 173,003 640,474 193,945 647,759 813,477 841,704 CREDITORS Amounts falling due withln one year 13 (155,748) (174,641) NET CURRENT ASSETS 657,729 667,063 TOTAL ASSETS LESS CURRENT LIABILITIES 684,797 710,505 NET ASSETS 684,797 710,505 FUNDS Unrestricted funds Restricted funds 15 571,130 113,667 549,259 161,246 TOTAL FUNDS 684,797 710,505 These financial statemcnts have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 25 November 2024 and were signed on its behalf by: Marie Cavanagh - Trustee The notes form part of these financial statements 13
Children in Northern Ireland Statement of Cash Flows for the Year Ended 31 March 2024 31.3.24 31.3.23 Notes Cash flows from operating activities Cash generated from operations (12.054) 39,722 Net cash (used in)Iprovided by operating activities (12.054) 39.722 Cash flows from investing activities Purchase of tangible fIxed assets Interest received (5.103) 9.872 (13,042) 1,282 Net cash provided by/(used in) investing activities 4,769 (11,760) Change An cash and cash equivalents in the reporting period Cash 2nd cash equivalents at the beginning of the reporting period (7,285) 27,962 647,759 619,797 Cash and cash equivalents at the end of the reporting period 640,474 647,759 The notes form part of these financial statements 14
Children in Northern Ireland Notes to the Statement of Cash Flows for the Year Ended 31 March 2024 RECONCILIATION OF NET {EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation Charges Interest received Decrease in debtors (Decrease)lincrease in creditors (25,708) 9,776 21,477 (9,872) 20,942 (18,893) 21,265 (1,282) 6,023 3.940 Net cash (used in)Iprovided by operation5 (12,054) 39,722 ANALYSIS OF CHANGES IN NET FUNDS At 114123 Cash flow At 3113124 Net cash Cash at bank 647,759 (7,285) 640,474 647,759 (7,285) 640,474 Total 647,759 (7,285) 640,474 The notes form part of these financial statements 15
Children in Northern Ireland Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements a) General information and basis of preparation Children in Northern Ireland Limited is constituted as a company limited by guarantee incorporated in Northern Ireland (N1032914). In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per member of the charity. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.. Thc significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by th¢ charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. (c) Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. 16 continued..
Children in Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Basis of preparing the financial statements For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities (SOFA) when receivable. Income received from collections is recognised when received. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacics will be notified to the charity however it is not possible to measure the amount expected to bc distributed. On these occasions, thc legacy is treated as a contingent asset and disclosed. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. The charity receives government grants which are detailed within the notes to these financial statements. Income from government and other grants are recognised at fair value when the charity has entitlement after any pcrformance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitl¢ment is not met then these amounts are deferred. (d) Expenditiure recognition All expenditure is accounted for on an accruals basis, inclusive of VAT which cannot be recovered 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 the following headings.. Costs of raising funds includes the costs associated with attracting voluntary incomes. Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to sucli activities and those costs of an indirect nature necessary to support them. and Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. 17 continued...
Children in Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. (e) Support costs allocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have bcen allocated on an insert detail basis and other overheads have been allocated on a basis consistent with the use of resources. Fund-raisiiig costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. (D Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Fixtures & Fittings Computer Equipment 200/0 Straight Line 330/0 Straight Line (g) Debtors and creditors receivable I payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. (h) Financial Instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at settlement value. (i) Impairment Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment Ioss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. 18 continued.
Children in Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Basis of preparing the finaneial statements (i) Provisions Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event. it is probable that an outflow of economic benefits will be required in settlernent and the amount can be reliably estimated. (k) Leases Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. (l) Tax No provision is required for taxation as the company is defined as a charity foi taxation purposes. The charity is a registcred charity and so such is entitled to certain tax exemptions on income and profits from investments and surpluses on any trading activities carried on in furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. (m) Going concern The financial statements have been prepared on a going concern basis as the trustees believc that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and cxpenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. (n) Judgements estimates and assumptions The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The items in the financial statements where these judgements and estimates have been made include.. (i) estimating the useful economic life of tangible fixed assets (li) allocation of expenditure and support costs Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 19 continued...
Children in Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Fund accounting Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are Charged to the Statement of Financial Activities in the period to which they relate. INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 9,872 1,282 INCOME FROM CHARITABLE ACTIVITIES 31,3.24 31.3.23 Activity Grants Receivable Grants 801,934 943,624 Grants received, included in the above, are as follows: 31.3.24 31.3.23 DHSS&PS Childcare Unit (Core Grant) SHSCT - Locality Development Officer SPPG - Childrens Services Training SPPG - Disability Awareness Holiday Hunger SPPG - Parentline Dormant Accounts Fund NI SPPG - Parent & Carer Engagement SPPG - Parental Participation BCC Children in Need Th¢ National Lottery Community Fund - Empowering Young People 38,553 65.199 99.750 19,443 81,000 287,000 20,606 5.357 46,000 6,102 77,106 78,199 107,250 19,443 214,468 287,000 49,872 64,286 46,000 132,924 801,934 943,624 20 continued...
Children in Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2024 OTHER INCOME 31.3.24 31.3.23 Membership Fees Room Hire and Catering General Donations Consultancy Fees Training Income 28,844 4,284 560 13,761 77,409 30,836 4,509 112 23,545 60,900 124,858 119,902 RAISING FUNDS Raising donations and legacies 31.3.24 31.3.23 Publications and Promotion 10,909 31,667 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Direct Costs Totals Direct Charitable Expenditure Governance 947,863 947,863 3,600 3,600 947,863 3,600 951,463 SUPPORT COSTS Governance costs Governance 3,600 21 continued...
Children in Northern Ireland Notes to the Financial Stalements - continued for the Year Ended 31 March 2024 ET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after chargingl(crediting): 31.3.24 31.3.23 Auditors, Remuneration Auditors, remuneration for non audit work Depreciation - owned assets 2,000 1,600 21,477 2,000 1,600 21,265 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. 10. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social security costs Other pension costs 496,312 32,318 25,497 486,969 34,644 25,147 554,127 546,760 The average monthly number of ¢niployees during the year was as follows: 31.3.24 23 31.3.23 23 Management & Administration The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 31.3.24 31.3.23 £60,001- £70,000 The key management personnel of the charity cornprise of the Chief Executive and Senior management team. The salaries paid to key management personnel being the Chief Executive Officer, Policy Officer and Finance & Office Manager during the year totalled £213,852. (2023.. £221,267) 22 continued.
Children in Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2024 11. TANGIBLE FIXED ASSETS Fixtures and fittings Computer equipment Totals COST At l April 2023 Additions 80,472 110,062 5.103 190,534 5,103 At 31 March 2024 80,472 115,165 195,637 DEPRECIATION At l April 2023 Charge for year 58,549 7,725 88,543 13,752 147,092 21,477 At 31 March 2024 66,274 102,295 168,569 NET BOOK VALUE At 31 March 2024 14,198 12,870 27,068 At 31 March 2023 21,923 21,519 43,442 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments and accrued income 136.277 36,726 173,879 20,066 173,003 193,945 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Social security and other taxes Other creditors Accruals and deferred income Deferred Income 8,335 18,827 4,895 34,578 89.113 27,509 10,699 3,860 41,755 90,818 155,748 174.641 23 continued...
Children in Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2024 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Fixed assets Current assets Current liabilities 10,268 595,255 (34,393) 16,800 218,222 (121,355) 27,068 43,442 813,477 841,704 (155,748) (174,641) 571,130 113,667 684,797 710,505 15. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 3113124 At 114123 Unrestricted funds General fund Designated 504,259 45,000 104.464 (82,593) 526,130 45,000 549,259 104,464 (82,593) 571,130 Restricted funds Core Children's Scrvices Training SHSCT- Locality Development Officer Disability Awareness Training Holiday Hunger SPPG - Parentline SPPG - Parent & Carer Engagement SPPG - Parental Participation Capital Equipment Fund The National Lottery Community Fund - Empowering Young People 3 (82,593) 82,593 5,351 5,351 23,568 16,527 16,583 27.824 23,985 18,189 29,219 (13,372) 3,098 (4,193) (7,727) (23.985) 8,456 (12,419) 10,196 19,625 12,390 20,097 26.645 16.800 2,563 2,563 161,246 (130,172) 82,593 113,667 TOTAL FUNDS 710,505 (25,708) 684,797 24 continued..
Children in Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2024 15. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 128,564 (24.100) 104.464 Restricted fund5 Core Children's Services Training SHSCT - Locality Development Officer Disability Awareness Training Holiday Hunger SPPG - Parentline SPPG - Parent & Carer Engagement SPPG - Parental Participation Dormant Accounts Fund NI Capltal Equipment Fund The National Lottery Community Fund Empowering Young Pcople 3 38,553 99,750 (121,146) (99.750) (82,593) 66,365 19,443 87,102 287,000 10,357 46,000 20,606 (79,737) (16,345) (91,295) (294,727) (34,342) (37,544) (20,606) (12,419) (13,372) 3,098 (4,193) (7,727) (23,985) 8,456 (12,419) 132,924 (130,361) 2,563 808,100 (938,272) (130,172) TOTAL FUINDS 936,664 (962,372) (25,708) 25 continued...
Children in Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2024 15. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds Transfers between funds At 3113123 At 114122 Unrestricted funds General fund Designated 318,830 45,000 185,429 504,259 45,000 363,830 185,429 549,259 Restricted funds Children's Services Training SHSCT- Locality Development Officer Family Support Consultant Participation Network Families Matter Participation (Self Funded) Holiday Hunger The Family Modcl SPPG - Parentline SPPG - Parent & Carer Engagement SPPG - Parental Participation Dormant Accounts Fund Nl Capital Equipment Fund Disability Awareness 6,516 (40) (1.125) 5.351 23,995 19,031 68,000 34,193 72,642 6,657 66,650 7,057 6,678 153 25,327 (352) (19,031) (68,000) (34,193) (55,360) (1,577) (28,021) 16,928 11,509 (153) (13,890) 16,527 (75) 23,568 (699) (5,080) (10,805) 16.583 27,824 23,985 18,189 17,782 29,219 16,527 336,899 (175,653) 161,246 TOTAL FUNDS 700,729 9,776 710,505 26 continued...
Children in Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2024 15. MOVEMENT IN FUNDS - continued Comparative net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 121,184 64,245 185,429 Restricted funds Core Children's Services Training SHSCT - Locality Development Officer Family Support Consultant Participation Network Families Matter Participation (Self Funded) Holiday Hunger The Family Model SPPG - Parentline SPPG - Parent & Carer Engagement SPPG - Parental Participation Dormant Accounts Fund NI Capital Equipment Fund Disability Awareness 77,106 107,250 (77,106) (107,290) (40) 78,199 (78,551) (19,031) (68,000) (34,193) (269,828) (1,577) (315,021) (47,358) (34,491) (50,025) (13,890) (2,916) (352) (19,031) (68,000) (34,193) (55,360) (1,577) (28.021) 16,928 11,509 (153) (13,890) 16,527 214,468 287,000 64,286 46,000 49,872 19,443 943.624 (E,119,277) (175,653) TOTAL FUNDS 1,064,808 (1,055,032) 9,776 16. CONTINGENT LIABILITIES A contingent liability exists to repay grants received should certain conditions not be fulfilled by the charity. 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. 27 continued...
Children in Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2024 18. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. 19. UNRESTRICTED FUNDS In accordance with best practice the company directors have agreed a comprehensive reserves policy. As such this unrestricted fund is the result of the company's strategic objective to establish reserves which equate to six months of annual running costs. The aim is to provide sufficient funds to cover any working capital requirements associated with receiving grant funding in arrears, any unforeseen costs which may arise, as well as allowing for the payment of any liabilities which would arise should the company cease to operate. Although Children In Northern Ireland may not be in a position to maintain this level of reserves at a particular point in time. it will strive to achieve a reserve which equates to this level. 20. DESIGNATED FUNDS Designated funds are made up as follows - Opening Balance Incoming Resources Outgoing Resources Fund Balance at 31 Transfer March 2024 Project continuation Staff training 40,000 5,000 40,000 5,000 45,000 45,000 21. WINDING UP Every member of the Company undertakes to contribute to th¢ assets of the Company, in the event of the same being wound up while it is a member, or within one year after it ceases to be a member. for payment of the debts and liabilities of the Company contracted before it ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributor's among themselves, such amount as may be required not ex¢e¢ding one pound. 22. SHARE CAPITAL The Company is Limited by Guarantee and has no Share Capital 28
Children in Northern Ireland Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Investment income Deposit account interest 9,872 1,282 Charitable activities Grants 801,934 943.624 Other income Membership Fees Room Hire and Catering General Donations Consultancy Fees Training Income 28,844 4,284 560 13,761 77,409 30,836 4,509 112 23,545 60,900 124,858 119,902 Total incoming resources 936,664 1,064,808 EXPENDITURE Raising donations and legacies Publications and Promotion 10,909 31,667 Charitable activities Salaries and Pensions Social security Pensions Insurance Light and heat Telephone Stationery and Printing Sundries Training and Seminars Property Rent and Upkeep Room Hire and Catering Postage Computer Expenses Motor and Travel expenses Legal and professional & trainer fees Bank Charges Subscriptions Carried forward 496,312 32,318 25,497 5,774 3.040 19,326 2,983 4,234 486,969 34,644 25,147 5,868 4,259 21,252 4,481 5,242 6,569 43,720 3,214 432 16,128 7,645 102,551 169 1,768 770,058 52,919 4,125 106 26,216 5,229 59,573 362 1,579 739,593 This page does not form part of the statutory financial statements 29
Children in Northern Ireland Detailed Statement of Financial Activities for the Year Ended 31 Mareh 2024 31.3.24 31.3.23 Charitable activities Brought forward Internet Project Delivery Costs Fixtures and fittings Computer equipment 739,593 162 186,631 7,725 13.752 770,058 162 228,280 7,919 13,346 947,863 1,019,765 Support costs Governance costs Auditors, Remuneration Auditors, remuneration for non audit work 2,000 1,600 2,000 1,600 3,600 3,600 Total resources expended 962,372 1,055,032 Net (expenditure)Jincome (25,708) 9,776 This page does not form part of the statutory financial statements 30