REGISTERED COMPANY NUMBER: N1025862 (Noi'thern Ireland) REGISTERED CHARITY NUMBER: 101666 Report of the Ti'ustees and Uiiaudited Financial Statements for the Year Ended 31 Marcli 2023 for CAREERS N KIDS M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Li5burn Road Belfast Co. Antrim BT9 6GH
CAREII RS N KIDS Contents of the Financial Stateinellts FOR THE YEI AR ENDID 31 MARCH 2023 Page Report of the Trustees Indepeiident Ci xaniiner's Report Statement of Financial Activiti Balance Sheet Notes lo tlie Financial Stateinenls 7 to 12 Detailed Statement of Fin&neial Activltles 13
CAREI ERS r4 KIDS Rcport of the Ti'ust¢es IOR THE YEAR INDED 31 MARCH 2023 The ti'ustees who are also directors of the chai'ity for the purposes of the Colnpanies Act 2006, present their report with the financial stateinei)Is of tlie charity for the year ended 31 March 2023. The Irustees h&ve adopted the PTovisioll5 or Accouiiting and Reporting by Chai'ities: Slateinent of Recoimnended Prdctice applicable to charities preparing their accoun15 in accordance with th¢ Financial Reporting Standard applicable IT) the UK and Republic of Ireland (FRS 102) (effective l Januai'y 2019), OBJIICTIVEI S AND ACTIVITIES Objectives and activities and public benefit The pi'incipal obje¢tiv¢ is to provide facilities for the daily care, recreation and education for children who are below the coinpulsoi'y scliool age and for children of coiiipulsory school age out of school hours and dui'tng school holidays. These objectives were achieved dui'ing the year and the charity has Inet the publ&c benefit I'equii'einent. FINANCIAL REVIEW Financial positioii Tlie trustees are satisfied with the resiilts for the year and the year end positioi) for the company. The net decrease in resoiii'ces for the year ainounted to £25,330 which was credited to fijnds broiight foi'ward. Total funds carried forward at Ihe year end ainoiinled to £(31,829). Tlie results for Il)e year are s¢t out in Ilic incoine and expenditure accouiit. Goiiig coiiecrn Aft¢i' Inaking appropriate enqLllI'ies, the trustees have a reasonable expe¢lation thai the coinpany has adequate resour¢¢s to coiitinue in opei'ational existence for tl)e foreseeable luture. For this reason. they continue to adopt Ihe going concern basis in preparing the financial statements. FUTURI PLANS The triistees will continiie to proiiiole the objectives of the coinpany in future years. STRUCTURI, GOVERNANCE AND MANAGEMENT Govei'ning document Careei's N Kidg is a coinpany limited by guaraiitee and does not have a shal'e capital. It is governed by ils Meinoranduin and Arfi¢les of Associatioii. The liability of each Ineinber is limited to an amount not e,xceeding £ l. Recrultment and appointment of neiv trustees Th¢ imanagement of the coinpaiiy is the i-esponsibility of the trustees who are elected and co-opted undei. the teiYis of the TrLlSt deed, Organisational structure None of the ti'ustees have any beneficial interest in Ihe company. Decisions at General Meetings shall be inade by passing ordinary resolutions requiring a simple inajority of ineinbers present and voling. Risk maiiagement The Iru5tees have assessed the Inajor risks to which the company is exposed, in particular those related to the operations and finances of the coimpany, and are satisfied tliat systems and procedures are in place to Initigate exposui'e to the Inajor risks.. REFKRENCE AND ADMINISTRATIVE DETAIL Registered Company number N1025862 (Northern Ireland) Registered Charity number 101666
C'.AREfi RS N KIDS Ri'i)vrl uf the Ti-us¢ee$ IOR Tiif IlF.AR F.NIICI D 31 MARCII 2023 RL&lJlStihi'ed office 81 PerLy SIiTci Falls Rol d Beifasi C,0. Anti'ini BT13 2HT Ti'u5tl'L'S M% R L Bi'eei) Solicilor T Mitilieivb Toivii Pli1)IiL'I' P A MLDoiiiiell EleLII'iLi¢lll Mb K O'K4ine Ti4iiiiing C.Iiii%ii114inl Ms C Qiiiiin SoLial IlloiLr InilLipLndcnt IxJniiner C()i)aill MLGiaLly FCA M.B.MLGI'li dy & Cn Chai1L'I'cil Ac¢viiiiliiiiis Siiil¢ 2B Cadog)dll14ouse 32? l.isburii Road BLlfdsi L'ii. Aiilriin 14TII ()GH TRUSTEES. RISPONSIIIILITY STATEMENT TI1¢ Ii'USLClb {Ivlio Ir nlso ilic dii'cLIIiT5 of CarLcrs N Ki(Ls l()r ihL l)Ul'P()w% of conipoily laii,) all, I'e&ixinsiblc fi)r PYLI)ai'inE ilic Rei)ort of ilie Tiiisiecs 4lll(I Ilie fiii'iiiLltil siJlci)ieiiis in ilLL()rdAnce iviili ai)pliLdl?IL Iuii. uiid Uiiil¢d Kingd(Iiii AL¢viiiiliiiu Siiiii(Idi'ds IUnilLd Kiiibrdom GLnLI'dlly ALicplcd A¢Loiiniing Prai(iL¢). Cuii)i)clliy Ill, reqiiii'e.s Ilie Inisie¢b Iv piri)air finaiicial siaiei))en(s for eacli liiiancial Jjeai. which b?ive n Inie iiid fair, vieiv of Ilic slute of affciir$ of Il)c cliaiirllblc collllllllly Èind nl- Ilic iiicoiniiig rc%otsrce8 ai)(l applieillioi) 111. 1f.snul.c. iii¢11idiii Il)e ii)Lonie aiid expeiidilure, of tlic ¢1141riliiblc Loliipally lor Ilial pcriod. Iii pirpariiig il)05e fiii.11lLlii1 bliilc131ciIIs, Ilie Ini%lLit+ iirL I'¢(iiiirLd 14Tr s¢lcci suiiable acisxinling poliLies uiid ilicii dpply thein coiJsistei)Ily' ubseive ilie ni¢iliv(l% diid pi'inLipl¢% in Ihe Cliarity SOIUP. 111(IkL jLidgi¢iiici)ls ai)d csiin)atLs Il)&( arc rccTr%onable.11)d pnidciil- pi'epai'e Ilie fllli111¢1$11 .s111 Èeiii¢il oi) Il)c Lioiiig coi)cem basis unlcss il 15 iiioppropriale io presuiiie il)al ilie ¢liarilJble Th¢ iiiisiecs are Itsponsible foi. kccpiiig pft)p¢r a¢Loiiniiii&i C0]S M'hich di5closc iviih Iyiisonable H¢Lui¥cy al iiny IiiiiL tlie linallLial position ot. Ilie Lliariiiible Loinpdiiy and iu enable Ill11 lo ¢ii.%uiY Ilidt tlie linuiicial slaieiiieni8 coiniily ivitli IIIL Coniijaiiics Acl 200C). TIIL'Y are al80 *poli.%)ble for safeu)uai'diiigy ihc &%%cl% nf Ilie cliarirable coinpai)y al l)ciicc IDI. lakiiig reasoiillble steps for Ilie prcvcniion and deieclioi? of fraud ai)d oilicr iii'cgulDriti¢s. This report has bLYn prcp1& re(1 li) accorddnce willi Ilic speLial pruvibiviis uf Pail 15 uf iliL' Coiiipunies ALI 2006 rel11111 10 511iall coinpunies. rove yor r of the board of lrnsle¢3 on ....... and si¥7ii¢d on its iK'lialt by: P A McDonnell- Tiiistee
Iiidependent Examiller'5 Report to the Trustees of Careei's N Kids I I'eport on the a¢couiits of the coinpany for the year ended 31 March 2023, which are set out on pages four to twelve. Respective responsibilities of charity Irustees 2nd examiner As the chai'ity's ti'ustees (aiid also the directors foi. the purposes of company law) you are responSLble for the pi'epai'ation of the accounts in accordance with the requirements of the Coinpanies Act 2006. Having satisfied Inyself that the Charity is not subject to audit under company law and TS eligible for indepeiident exaininalioii, it is Iny responsibility to.. e.¥ainine the accounts under Section 65 of the Charities Act follow the pi'ocedures laid down in ihe general Directions given by the Charity Commissioii foi. Noril)en) Ireland under Section 65(9)(b) of the Charities Act state whether pai'li¢ulai' tnatters liave coine to my attentioii. Basis of the independent examiner'5 report I have exainined your chai'ity accounts as required under Section 65 of the Charities Act and Iny exainination was cai'ried oiil in accordance with the general Directions given by the Chai'ity Coininission for Northern Ii'elaiid under Sectioii 65(9)(b) of tli¢ Charities Act. The exainination included a review of the accounting recoi'ds kept by the charity and a coiiiparisoii of the accounts presented with those records. It also included consideration of any unusual it¢ins or disclosiii'es in ihe accounts, aiid seeking explaiiations froin you as charity trustees concerning any siich inatters. My role is to state whether any material matters Iiave come to my attentioii giving Ine cause to believe: That accounting records wei'e not kept in accordance with Section 386 of the Coinpanies Act 2006 That Il)0 a¢¢oiinls do nol accord with those accouniing records Thal Ilie accounts do not coinply with the accounting reqiiireinents of Section 396 of the Cornpanies Act 2006 and with the ineihods and principles of the C.hai'ities Stateinent of Reconiinended Pi'actice applicable to chai'itics preparing their accounts in accordance with the Financial Reporting Standard applicable iii ihe UK and RepLiblic of Ireland Thal Ihei'e is further information needed for a proper iinderstanding of th¢ accounls to b¢ I'¢ach¢d. Independent examlner's stAtement Since yoiir charity's gross incoine exceeded £250,000 your exaiiiinei. Inust be a Ineinber of a listed body. I can confiriyj that l ain qualified io und¢i'lake Ilie exaininalion because l ajn a ineinber of the Inslitute of Chartered Accounlants in Ireland which is one of the listed bodies. I have coinpleled Iny exaininalion and have no conceins in i'espect of the Inatters (l) 10 (4) listed above and. in coiinection with following the Dii'¢ctions of the Chai'ity Coininission for Northem Irelaiid, I liave fouiid iio Inatters that reqiiire drawing to your attention. Coi)aill McGI'ady FCA The Institute of Chartered A¢countants in Ireland M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisbum Road Belfast Co. Antriin BT9 6GH 15 Decembei. 2023
CAREERS IY KIDS Statement of Financial Activities FOR THE YEAR ENDII D 31 MARCH 2023 3113123 Total fund5 31nn2 Total fund5 Uni'e5tricted fund Restricted fund Notes INCOME AND EI NDOWMENTS fROM Donations and legacies (i) (i) Charitable activities Charitable 288,473 288,473 251,700 Investm¢nt incom¢ Total 288,472 288,472 251,701 EXPENDITURL ON ClIAritable activities Charitabl¢ 313,802 313,802 302,469 NEI T INCOMC/(EXPENDITURE) (25,330) (25,330) (50,768) RECONCILIATION OF FUNDS Total funds brought forward 4,504 (11,003) (6,499) 44,269 TOTAL FUNDS CARRIED FORWARD 4,504 (36,333) (31,829) (6,499) The nofrs fonn part of these financial stateInents
CAREIRS N KIDS Balance Sheet 31 MARCH 2023 3113123 Total fuiids 3113122 Total funds Unrestricted fund Restricted fund Noles FIXED ASSETS Tangible assets 7248 7,248 8,172 CURIiENT ASSETS Debtors Cash at bank 2,516 17 2,516 17 3.100 1.017 2,533 2,533 4,117 CREDITORS Ainounts falling due within one year 4,504 (46,114) (41,010) (18,788) NET CURRENT ASSF.TSI(LIABILITIES) 4.504 (43,581) (39,077) {14,671) TOTAL ASSETS LESS CURRENT LIABILITIES 4,504 (36,333) (31,829) (6,499) NET ASSETSI{LIABILITIES) 4,504 (36,333) (31,829) (6,499) Uiii'estricted ndS Reslricted ndS 4,504 {36,333) 4,504 (11,003) TOTAL FUNDS {31,829) {6,499) Tlie charitable company is entitled to exempiion from audit under Section 477 of the Coinpanies Act 2006 foi. the yeai. ended 31 March 2023, The ineinbers have not required the company to obtain an audit of its financial stateinents for the year ended 31 March 20?3 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuriiig Ihal the chai'itable coinpany keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and pr¢pai'ing financial slal¢ments which give a true and fair view of the slate of affairs of the charitable coinpany as at the end of each finaiicial year and of its surplus oi. deficit for each financial yeai. in accoi'dance with the requireinents of Sections 394 and 395 and which otherwise coinply with the requireinents of the Companies Act 2006 relating to financial stateinents, so far as applicable to the charitable company, (b) The notes ftjm) part of ihese financial stateinents continued...
CAIIEERS N KIDS B41thni'e SIIL'et- con¢inucd 31 NIARCII 2023 T11¢5L' fiiiaiicial sialciiiciils have beeii i)repllird iii accordaiice iviili tlie pmvisi(M)s applicable lo cliarilablc conii)aiiie.s subj¢Lt lo tlic siiiall Loftipunies rest line. The tinai)Cl<11 $1llcincnts veiE dpprovui by ihc Bvard of Tlustees #1lid aiitlioi-iscd lor issuc i..r../.i..k.. /.£J . -.Iiid ivci'c signed oil lis bchall'by= on P A McDonJicll - TiiistCL 11 L Bi'een- Tiiisl¢e Tlic noics fonn Pfirt ofihese financi£l151atements
CAREERS N KIDS Notes to the Financial Statements FOR THI YEI AR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Basis of prepai-iThg the financial statements The financial 5tateinen15 of the charitable coinpany, which is a public benefit entity undei. FRS 102, have been prepared in accoi-dance with the Charities SORP (FRS 102) 'Accouiiting and Repoiting by Charities: Statemeiit of Recommended Practice applicable to chai'ities preparing their accouiits in accot'danc¢ wilh the Financial Reporting Slandai'd applicable in the UK and Republic of Ireland (bRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Rcporling Standard applicable in th¢ UK and Republic of li'eland, and the Coinpanies Act 2006. Th¢ fanciall statements have been pi'epared under the hisiorical cost conv¢ntton. Income All incoine is i'ecognised in the Slaleinent of Finaiicial Activities once tlie charity ha5 entitleinent to the funds. it is probable that the incoine will b¢ r¢ceived and the amount can be measured I'eliably, Expendlture Liabilities are recognised as expendilurc as soon as Ihere is 8 legal or constructive obligatioii cominilling the chai'ity to tliat expenditui'e, it is probable that a traiisfcr of econoiiiic ben¢fils will b¢ requir¢d in settleimei)t and the alont of the obligation can be It)easured reliably. Expenditure is accounted for on an a¢ci'Lials basis and has been classified Liiider headings Ihat aggregate all cost related to Ilie categoiy. Where costs caiinot be dii'ectly attributed lo paiticular headings they have been allocated to activities on a basis consistent wirh the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over ils estiinated useful life. Taxatlon The charity is exempt froin corporation tax on its charitable aclivili¢s. Fuiid accounting Unrestricted fuiids cali be used in accordance willi Ihe ¢l)aritable objectives at the discretion of tlie trustees, Resti'icted fiinds can only be used for particular restricted purposes within the objecls of the chai'ity. Resti'ictions ai'ise when specified by Ihe donoi. or when funds are raised for particular I'eslricted pui'poses. FuriELer explanation of the nature and putpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commltments Rentals paid undei. operating leases are charged to the Stateinent of Financial Activities on a straight line basis ovei. the period of the lease. Pension c05t5 atbd other post-retirement benefits The chai'itable coinpany operates a defined contribution pension scheine. Conti'ibiitions payable to the chai'itable coinpany's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued...
CAREERS f+1 KIDS Notes to the FinancÉal StateMents - continued FOR THE YEAR ENDED 31 MARCH 2023 INVESTMENT INCOME 3113123 3113122 Interest receivable - ti'ading NET INCOMEIl(EXPINDITURE) Net incomel(¢xpenditure) is stal¢d aft¢r chai'ging/(crediting)'. 3113123 3J13122 Depreciation - owned assets Othei. operatii)g leases 924 4,977 1,061 5,120 TRUSTEES, REMUNERATION AND BENEFITS Thei'e wei'e no truslees, reinuiieration or oilier benefils for the Y1. ended 31 March 2023 noi. foi. the yeai. endod 31 March 2022. Trustees, expei)ses There wei'e no tiiislees, expenses paid foi. the year ended 31 March 2023 nor for the year endcd 31 March 2022. STAFF COSTS 3113123 3113122 Wages and salarie5 oihei. pension ¢osts 266,193 6,941 258.585 6,947 273,134 265,532 1.he average monthly number of einployees during the year was as follows: 3113123 17 31122 16 Day car¢ 8SSlStants No employees received emoliiinents in excess of £60,000. continued...
CAREERS N KIDS Notes to the Financial Statements - continued FOR THF, YEAR ENDED 31 MARCH 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrieted fund Restricted fund Total fund5 IIYCOME AND ENDOWMENTS FROM Charitable activities Chai'itable 251,700 251,700 Investment income Total 251,701 251.701 EXPENDITURI ON Chlli'itable aclivities Chai'ilable 302,469 302,469 NKT INCOME/(CI XPENDITURE) (50,768) {50,768) RECONCILIATION or FUNDS Total luiids brougjt forwai'd 4,504 39,765 44,2C?9 TOTAL FUNDS CARRIED FORWARD 4,504 (11,003) (6,499) TANGIBLE FIXED ASSETS Fixtures And riltings Freehold propcrty Plant and machinery Totals COST Al l April 2022 and 31 March 2023 169,663 55,111 6,503 2Jl,337 DEPRECIATION At l April 2022 Charge foi. year 162,413 725 54,473 128 6,279 71 223,165 924 At 31 Mai'ch 2023 163,138 54,601 6,350 224,089 NCT BOOK VALUE At 31 March 2023 6,525 510 213 7,248 At 31 March 2022 7,250 638 284 8,172 cot)tinued...
CAREERS N KIDS Notes to the Financial Statements - continued FOR THE YEAR NDED 31 MARCH 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113123 3113122 I'rade debtors Pi'epaytnents 2,436 80 2,491 609 2,516 3,100 CREDITORS: AMOUNTS FALLING DUC WITHIN ONE YEAR 3113123 3113122 Bank loatis and overdrafts (see note l O) Trade ¢reditors Social security and other taxes Other ci'editors Acci'uals and deferred incorne 1,225 1,768 2.S,118 7,823 5,676 6,100 697 3,659 1,524 6,808 41,610 18,788 io. LOANS An analysis of the Inaturity of loans is given below.. 3113123 3113122 Amoiints falling due within one year on demand: Bank ovei'di'afts 1,225 6,100 11. MOVEMENT IN FUNDS Net movement in funds At 3113123 At 114122 Unrestricted funds General fund 4,504 4,504 Restricted funds General fund (11,003) (25,330) (36,333) TOTAL FUNDS (6,499) (25,330) (31,829) io continiied...
CARE¢ CRS N KIDS Notes to the Finaiieial Stateinents - continued riOR THE YIAR ENDED 31 MARCH 2023 MOVEMENT IN FUNDS - cojitinued Net inovement iii funds, included in the above are as follows- Incoming resources Resources expended Movernent in fuiids Restricled fund5 GeThei'al fund 288,472 (313,802) {25,330) TOTAL FUNDS 288,472 (313,802) (25,330) Comparatives for movement iii fullds Net movement in funds At 3113122 At 114121 Unrestricteil funds Geiiei'al fund 4.504 4,504 Restricted funds Genei'al fund 39,765 (50,768) (11,003) TOTAL FUNDS 44,269 (50,768) (6,499) Compai'ative nel niovement in funds, included in the above are as follows: Incoming i'esources Resoiirces expended Movement in funds Resti'icted funds General fund 251.701 (302,469) (50,768) TOTAL FUNDS 251,701 (302,469) (50,768) continued,..
CAREI ERS N KIDS Notes to the Fiiiancial Statemeiits - continued riOR THE YEAR ENDED 31 MARCH 2023 ii. MOVEMENT ILY FUNDS- continued A current year 12 months and prior year 12 months coinbined position is as follows- Net movement in funds At 3113123 At 114121 Unrestricted funds Gen¢Yal fund 4.504 4,504 Restricted fuiids Geiieral fuiid 39,765 (76,098) (36.333) TOTAL FUNDS 44,269 (76,098) (31,829) A cut'rent year 12 Inonths and prior year 12 inonths coinbined nel inoveinent in fiinds, included in the above are as follows: Iiicoming resoui'ces Resources expeiided Movement in fuiids Restricted fuJid5 Genei'al fund 540,173 (616,271) (76,098) TOTAL VUNDS 540,173 (616,271) (76,098) 12. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 March 2023. 12