REGISTERED COMPANY NUMBER: NI025862 (Northern Ireland) REGISTERED CHARITY NUMBER: 101666
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025
for
Careers N Kids
M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH
Careers N Kids
Contents of the Financial Statements for the Year Ended 31 March 2025
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|Page|
|Report of the Trustees|1|to|2|
|Independent Examiner's|Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|to|6|
|Notes to the Financial Statements|7|to|12|
|Detailed|Statement of Financial|Activities|13|
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Careers N Kids
Report of the Trustees for the Year Ended 31 March 2025
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"aass.
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Registered office
81 Percy Street Falls Road Belfast Co. Antrim BT13 2HT
Trustees
Mrs R L Moran Solicitor T Matthews Town Planner P A McDonnell Electrician Ms K O'Kane Training Consultant Ms C Quinn Social Worker
Independent Examiner Conaill McGrady FCA M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH
Approved by order of the board of trustees on itseeseeeserssnerstesentsssseenssseeeseee aNd Signed on its behalf by:
P A McDonnell - Trustee
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Independent Examiner's Report to the Trustees of Careers N Kids
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Independent examiner's report to the trustees of Careers N Kids (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in Ireland, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4, the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Conaill McGrady FCA The Institute of Chartered Accountants in Ireland
M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH
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Careers N Kids
Statement of Financial Activities for the Year Ended 31 March 2025
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|---|---|---|---|---|
|Unrestricted|31/3/25|31/3/24|
|fund|—_Restricted|Total|Total|
|Notes|fund|funds|funds|
|INCOME AND ENDOWMENTS FROM|£|£|£|£|
|Charitable|activities|
|Charitable|-|357,923|357,923|301,408|
|EXPENDITURE ON|
|Charitable|activities|
|Charitable|-|333,661|333,661|338,605|
|NET INCOME/EXPENDITURE)|-|24,262|24,262|(37,197)|
|RECONCILIATION OF FUNDS|
|Total funds brought forward|4,504|(73,530)|(69,026)|(31,829)|
|TOTAL FUNDS CARRIED FORWARD|4,504|(49,268)|(44,764)|(69,026)|
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The notes form part of these financial statements
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Careers N Kids
Balance Sheet
31 March 2025
OO.
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|---|---|---|---|---|---|
|31/3/25|31/3/24|
|Unrestricted|Restricted|Total|Total|
|Notes|fund|fund|funds|funds|
|FIXED ASSETS|£|£|£|£|
|Tangible assets|6|-|5,732|5,732|6,441|
|CURRENT ASSETS|
|Debtors|7|-|3,714|3,714|2,390|
|Cash|at bank|
|-|18|18|18|
|-|3,732|3,732|2,408|
|CREDITORS|
|Amounts falling due within one year|8|4,504|(58,732)|(54,228)|(77,875)|
|NET CURRENT ASSETS/(LIABILITIES)|4,504|(55,000)|(50,496)|(75,467)|
|TOTAL ASSETS LESS CURRENT|
|LIABILITIES|4,504|(49,268)|(44,764)|(69,026)|
|NET ASSETS((LIABILITIES)|4,504|(49,268)|(44,764)|(69,026)|
|FUNDS|10|
|Unrestricted funds|4,504|4,504|
|Restricted funds|(49,268)|(73,530)|
|TOTAL FUNDS|(44,764)|(69,026)|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
- The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) _ preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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Careers N Kids
Balance Sheet - continued 31 March 2025
oT These financial statements 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 ttre essesersearessssesreesersseene Gd Were Signed on its behalf by: |} = ag P A McDonnell - Trustee
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R L Moran - Trustee
The notes form part of these financial statements
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Careers N Kids
Notes to the Financial Statements for the Year Ended 31 March 2025
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1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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), Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.
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.
Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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.
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Careers N Kids
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
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- NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
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31/3/25 31/3/24
Depreciation £ £
Other - owned assets 709 807
operating leases 5,298 6,512
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3. TRUSTEES' REMUNERATION AND BENEFITS
endedThere 31wereMarchno trustees’2024. remuneration or other benefits for the year ended 31 March 2025 nor for the year
Trustees' expenses
31ThereMarchwere2024.no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended
- STAFF COSTS
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|---|---|---|---|
|31/3/25|31/3/24|
|Wages|£|£|
|Other|and salaries|274,993|281,513|
|pension costs|7,868|7,504|
|282,861|289,017|
|The|average monthly|number of employees during the year was|as follows:|
|Daycare|31/3/25|31/3/24|
|assistants|16|16|
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No employees received emoluments in excess of £60,000.
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|5.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|
|Unrestricted|—_Restricted|Total|
|fund|fund|funds|
|INCOME AND ENDOWMENTS FROM|£|£|£|
|Charitable|activities|
|Charitable|-|301,408|301,408|
|EXPENDITURE ON|
|Charitable|activities|
|Charitable|-|338,605|338,605|
|NET INCOME/(EXPENDITURE)|-|(37,197)|(37,197)|
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)
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Careers N Kids
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
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| 5. | COMPARATIVESFORTHESTATEMENTOF | OFFINANCIALACTIVITIES | -continued | ||
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| RECONCILIATIONOFFUNDS | |||||
| Totalfundsbrought forward | 4,504 | (36,333) | (31,829) | ||
| TOTALFUNDSCARRIEDFORWARD | 4,504 | (73,530) | (69,026) | ||
| 6. | TANGIBLEFIXEDASSETS | ||||
| Fixtures | |||||
| Freehold | Plantand | and | |||
| COST | property £ |
machinery £ |
fittings £ |
Totals £ |
|
| At I April2024and 31March2025 | 169,663 | §5,111 | 6,563 | 231,337 | |
| DEPRECIATION | |||||
| At 1April2024 Chargeforyear |
163,790 587 |
54,703 82 |
6,403 40 |
224,896 709 |
|
| At31 March2025 | 164,377 | 54,785 | 6,443 | 225,605 | |
| NETBOOKVALUE | |||||
| At31March2025 | 5,286 | 326 | 120 | §,732 | |
| At31March2024 | 5,873 | 408 | 160 | 6,441 | |
| 7. | DEBTORS:AMOUNTSFALLINGDUEWITHINONE YEAR | ||||
| 31/3/25 | 31/3/24 | ||||
| Tradedebtors Prepayments |
£ 3,634 80 |
£ 1,946 444 |
|||
| 3,714 | 2,390 |
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Careers N Kids
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
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|8.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|
|31/3/25|31/3/24|
|Bank|£|£|
|Tradeloans and overdrafts (see note 9)|8,042|7,806|
|Social|creditors|3,557|1,296|
|Other|security and other taxes|28,832|34,850|
|Other|creditors|2|9,153|21,193|
|Accruals|-|3,733|
|and deferred income|4,644|8,997|
|54,228|77,875|
|9,|LOANS|
|An analysis of the|maturity of loans|is given below:|
|31/3/25|31/3/24|
|Amounts|£|£|
|falling due|within|one|year on demand:|
|Bank overdrafts|8,042|7,806|
|10.|MOVEMENT IN FUNDS|
|Net|
|movement|At|
|At|1/4/24|in funds|31/3/25|
|Unrestricted|funds|£|£|£|
|General fund|4,504|-|4,504|
|Restricted funds|
|General fund|(73,530)|24,262|(49,268)|
|TOTAL FUNDS|(69,026)|24,262|(44,764)|
|Net movement|in|funds, included in|the above|are as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|Restricted|funds|£|£|£|
|General fund|357,923|(333,661|)|24,262|
|TOTAL FUNDS|357,923|(333,661)|24,262|
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Careers N Kids
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
TTTaoa 10. |.[MOVEMENT][ IN][ FUNDS] - continued
Comparatives for movement in funds
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|---|---|---|---|---|
|Net|
|movement|At|
|At|1/4/23|in funds|31/3/24|
|Unrestricted|funds|£|£|£|
|General fund|4,504|-|4,504|
|Restricted funds|
|General fund|(36,333)|(37,197)|(73,530)|
|TOTAL FUNDS|(31,829)|(37,197)|(69,026)|
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Comparative net movement in funds, included in the above are as follows:
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|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|Restricted|funds|£|£|£|
|General fund|301,408|(338,605)|(37,197)|
|TOTAL FUNDS|301,408|(338,605)|(37,197)|
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A current year 12 months and prior year 12 months combined position is as follows:
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|---|---|---|---|---|
|Net|
|movement|At|
|At|1/4/23|in funds|31/3/25|
|Unrestricted|funds|£|£|£|
|General fund|4,504|-|4,504|
|Restricted|funds|
|General fund|(36,333)|(12,935)|(49,268)|
|TOTAL FUNDS|(31,829)|(12,935)|(44,764)|
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Careers N Kids
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
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10. ©[MOVEMENT][ IN][ FUNDS] - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|Restricted funds|£|£|£|
|General fund|659,331|(672,266)|(12,935)|
|TOTAL FUNDS|659,331|(672,266)|(12,935)|
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- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
12, GOING CONCERN
The charity has operated in a surplus this finacial year having operated in a deficit over the previous two years. They remain in contact with their creditors and have payment plans in place with a view to reducing overall debt. The trustees meet regularly to monitor the ongoing finanancial position of the charity.
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Careers N Kids
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
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|---|---|---|---|
|TTT|III|
|31/3/25|31/3/24|
|£|£|
|INCOME AND ENDOWMENTS|
|Charitable|activities|
|Fees & supplies|345,815|295,238|
|Grants|12,108|6,170|
|357,923|301,408|
|Total incoming resources|357,923|301,408|
|EXPENDITURE|
|Charitable|activities|
|Wages|274,993|281,513|
|Pensions|7,868|7,504|
|Repairs and maintenance|5,298|6,512|
|Rates and water|1,810|1,242|
|Insurance|3,880|3,402|
|Light and heat|8,799|8,258|
|Telephone|2,814|2,992|
|Postage and stationery|2,268|1,463|
|Sundries|1,385|1,769|
|Childcare costs|4,264|4,162|
|Canteen costs|8,071|7,683|
|Travel|costs|
|Accountancy|-|975|
|Legal|fees|3,798|3,516|
|& professional|3,934|3,377|
|Freehold property|587|652|
|Plant and machinery|82|102|
|Fixtures and fittings|40|53|
|Bank charges|1,079|876|
|Interest payable|2,691|2,554|
|333,661|338,605|
|Total resources expended|333,661|338,605|
|Net income/(expenditure)|24,262|(37,197)|
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This page does not form part of the statutory financial statements
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