COMPANY REGISTRATION NUMBER: N1031540 CHARITY REGISTIL4TION NUMBER: NIC101767 The Dry Arch Children's Centres Company Limited by Guarantee Financial Statements 31 March 2023 CLAREMOUINT Chartered Accountants & Statutory Auditor Ib Brookmount Crescent Omagh Co Tyrone BT78 5HG
The Dry Arch Chxldren's Centres Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustecs, annual report (incory)orating the director's report) Independent auditor's report to the mcmbers 11 Statement of financial activitics (including income and expenditure account) 15 Statement of financial position 16 Statement of cash flows 17 Accounting policies 18 Notes to the financial statements 22
The Dry Arch Children's Centres Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2023 The tnislees, who are also the directors for the purposes of company law. present their report and the financial statements of the charity for the year ended 31 March 2023. Reference and administrative details Reg15tered charlty name The Dry Arch Children's Cenlres Charity registration number NIC101767 Company registration number N1031540 Prlnclpal offlce and reg15tered offlce Unit 150 Legavallon Road Glenshane Business Park Dungiven Co Deny BT47 4QL The trustoes Mrs B Macqueen Mr5 J Whileside Mr D Whileside Mrs M Carey Mrs T Mccloskey Company secretary Mrs B Macqueen Audltor Claremount Chartered Accountants & Statutory Auditor Ib Brookmount Crescent Omagh Co Tyrone BT78 5HG Banker5 Ulster Bank 29 Clooney Terrace Waterside Co Derry BT47 1 AS
The Dry Arch Children's Centres Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (co11¢} Year ended 31 March 2023 Structure? governance and management Governing Document The organisalion is a charitable Cornpany limited by guarantee, incorporated on 5 November 1996. The company was established under a Memorandum of Association which established the objects and powers of the charitable conipany and is governed under its Articles of Association. In the event of ihe company being wound up members are required to contribute an amount not exceeding £ l. Management Subject lo the provisions of the Companies Act, the memorandum and the articles of association and to any directions given by special resolution. the business of the Company shall be managed by the directors who may exercise all the powers of the company. Risk Management The trustees of The Dry Arch Children's Centres acknowledge their responsibility in identifying and mitigating the vari0115 risks which the conipany may be exposed lo. They have conducted a review ot'the major risks lo which the charity is exposed. A strategic plan has been created setting out the key aims, objectives and policies for the company a5 shown in Ihis report. This straiegi¢ plan is constantly evolving lo reflect the changing needs of faniilies in the Dungiven and Limavady areas. This plan ensiires that the charity has a clear focus - to provide quality support services to enable and enri¢h the developmental opportunities of children. Quarterly financial biidgels and variance reports are prepared in conjunction with the Company's fiinding partners. This provides feedback into the perforniance of the charity and address areas for potential improvement. Bud&?el preparation ensures that the charity is constantly looking forward and does not rest on its laurels as fiinding is dependent on future activities. Perfomiance reports are provided lo the trustees on a monthly basis to ensure infomaiion obtatned is accurate and relevant for decision making purposes. The company operates a comprehensive recruitment and training process for all current and potential staff members. As child safely is paramoiinl, ea¢h potential new employee is subject lo a vetting procedure before their contract of employment is signed. Qiialificalions and references are checked Ihoroiighly lo ensure that each new employee has the required skillg to improve the existing workforce. Job training and development (including health & safety) is also provided for exisling employees to further their skills and experience.
The Dry Arch Children's Centres Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlhthed) Year ended 31 March 2023 Objectives and actlvities The principal aim of Dry Arch Children's Cenlres is the empowerment of family members through the provision of a continuuni of high quality support services that enrich the lives and improve developmental outcomes for children. Associated Aims.. l. To encoiirage children from an early age to avoid risky behavioiir and to moderate or overcome any and all physical, mental, emotional, educational andlor molivalional barriers to improved self-esteem and personal developmenl. 2. To prornote and siipport the parenting role as the primary carers and enablers of Iheir children's development. Dry Arch Children's Cenlres provide fully inlegraled, seamless and non-stigmalising service5 that flexibly meet the needs of children, young people and their families. These services have been developed in partnership with oiir local communities, as well as with other individuals and agencies with whom we share respont>ibilily for families. The Dry Arch Children's Cenlres niodel delivers a holistic approach to meeting individual, family and community needs Ihroiigh the joint planning and delivery of services. Its integrated and seamless approach achieves more than the sum of ils parts. This markedly conlrasls a disaggregated arrangement wherein separate services are provided from a common base. In short, families gel joined-up support from one place ensuring the right help al the right time. Sample Services Provided.. - Full Day CarelNursery. Sessional Creche. 2-Year Old Programme. Pre-school Playgyroiip. Out-of-schools programme. Sure Slat1. Parenting Ediicaiion and Support. Yoliih Support. Elealih Promoting Homes. E lealih Promoting Famiers. Outreach Support. Flome-Based SupporVFamily Visiting. Parenting Assessment and Contaet. Aduli Education and Training Centre. Early Intervention Family Support Hiib. Stratcglc report The following sections for achievernents and perforniance and financial review form the slralegic report of the charity.
The Dry Arch Children's Centres Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conlinmed) Year ended 31 March 2023 Achlevements 2nd performance All objectives sel within the previous year have been achieved. In addition to the objectives outlined the organisation, in continuing lo lislen to our community and their needs. have developed a number of new project areas and made very successful appointments to ensure these objectives set for 2023124 can be met accordingly. New projects And initiAtlves inelude: Launching our BEE-LONG Campaign to ¢al¢ a connected, Compassionate Community Launching our Neurodiversity Campaign to support Families struggling whist awaiting a diagnosis or those who have had a recent diagnosis. Launching a specific Programme to lackle "Menial ill-Health" and high levels of anxiety among the Younger generation
The Dry Arch Children's Centres Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (con¢iniied) Year ended 31 March 2023 Financial review The organisation had another suc¢e55fi11 year in whi¢h the level of income received increased once again and they invested in a further £15,254 of fixed assets. The net assets of the organisation now stand al £1,233,543. Principal Funding Sources The principal fiinding source for the charity is currently by way of grant and contract income froni the Health and Social Care Board. The ¢harity also generates in¢om¢ from its day car¢ and out of school programmes to siipplemenl this grant income. Grant Policy Grants obtained are classified as restricted funds and are subject to restrictions on their expenditure imposed by the donor or throligh the lerms of an appeal. Reserves Policy The Inislees are confident that the reserves of the company are of a siifficienl level to be able lo continiie the current activities of the charity in the event of a drop in funding. Unreslricled reserves are available for use at the discretion of the Inistees in fiirtherance of the general objectives of the charity. Restricted reserves are subjected 10 restrictions on their use by the donor. Finance reserves are set aside to protect the charity against drops in income and as a back-up for future extensions and commitments when necessary. It is also policy to increase reserves lo cover six months operational expenditure shoiild il be required in the future. It is the intention of the charity to increase reserves annually to accommodate for the provision of employee pension contributions in line with Pension Regulator legislation. The charity transfers a minimum of £2,000 per month into it's business reserve account from unrestricted monies and the level of reserves is monitored quarterly as part of nom]al budgetary reporting and control. The Management Committee of the charity monitor the drawing down of reserves and lakes corrective action lo replenish these whenever necessary.
The Dry Arch Chlldren's Centres Company Limited by Guarantee Trustees, Annual Report {Incorporating the Director's Report) (eonilrtMedJ Year ended 31 March 2023 Plans for future perlod$ Review of Objectives 202212023 The demand for our services has Continued throughout the year with more and more Children. Young People and Parents presenting with Anxiety related eonditions and mental ill-healih. In response we have developed a niiniber of new and bespoke age approprillte programmes delivered to Families both in house and within the Family I lome as well as across all schools in the catchment area. This has incliided new appointments of two new staff with very spe¢ifi¢ skills sets. The number of Partner agencies has also grown with a greater number of referrals made lo the Early Intervention Family Support HUB. More and more Families are struggling with the cost of living crisis and as siich we have partnered with Money and Pensions lo train our staff in money mattagenienl and belter informing Parenls of what is available to them in times of financial crisis. As demand for support services increases we continue lo develop and direct services and programmes lo where we are needed most. Services include.. Suresiart Provision Early Intervention Family SLlPPOrt I IUB Child Care and Nursery Provision Out of schools Wrap around Care and support Yoiith Mentoring and Programmes Family support l-lome Visiting Therapeiiti¢ Siipport in group and one to one basis Play Therapy Therapeutic intervention within Schools Health and Nutrition Programmes All of these heading include a wrath of programmes which can be viewed on our new website and App. Vision for 2023124 The vision for the incoming year ahead remains steadfast in ensuring we develop and deliver Appropriate, timely and nieaningful services and support systems to our Families. We want to strengthen oiir Community throiigh the BEE-LONG campaign and intend lo 80 on the road with a number of community led Initiatives supportingl the notion of "connect and compassion" in an attempt to highlight the issue of Isolation and Loneliness and how this impaets oiir eniolional and physical wellbeing at any age and stage of our lives. For too long we have become disconnected from each other, communiealing only through airwaves. We want to highlight the strength in the PACES Agenda, linked to the ACES Agenda but focusing more on the positives of resilience and less on the adversities of ACES.
The Dry Arch Children's Centres Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (cijrtiirtued) Year ended 31 March 2023 Demand The continues to be an in¢rease in demand for Children presenting with high levels of anxiety from an early age as well a5 high referral rate for youth and family support services within all school age groups. It is intended to continue support Ihroiigh varioiis platforms bul primarily meeting and supporting Children, Young People and Families face to tace in a group or one 10 one platforni. Oiir services have continued and will do so in the future, as long &s we are needed! We have developed a new website and Family Support APP to enable us to reach our Families quicker and easier. Other platforms include.. Social media platforms to inforn] Parents of what is available. Sure Start Provision for O to 4 year olds o Daily telephone calls lo clients Centre Based Programmes o I lome Visiting Siipport Therapeiitic Siipports Neurodiver511y Supports Therapelltic Programmes within Schools o Onlinelzoom Support where appropriate Food parcels and hol meals delivered to those in most need; Social Slipermarket Conliniied relationship with HUB partners to ensure seamle55 delivery. Early Intervention Support The vision of reaching all Children, Yoiing People and their Faniilies is alive within our vision. We need lo reach Families before they are in need of siippori. We need lo get the message out that there are so many support available to Families who are stru&'gFlingT and intervene early. Monitorlng (Paperless by 2024) Utlllslng Dlgltal Methods to adapt to Ihe needs of scrvlcc users We continue to operate systems that allow lis to reach our target aiidience via digital platforms from initial contact lo final audit. This is in keeping with oiir vision to be a paperless organisalion by end of 2024. Our Current plaifoms include.. How did we communlcate wlth our par¢nts, famllles, and the community. lristsgram Mailchimp
The Dry Arch Children's Centres Company Limlted by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (CONiinued) Year ended 31 March 2023 How we are delivering online services and supporting families Whattsapp Phone Calls Email Facetlme Messenger Zoom Text Service Delivery Edrnodo Seesaw Zoom Pro enables lis to deliver a rangye of prog>rammes for parents and children without limit. These have been especially beneficial for programmes such as Breasifeeding Siipporl, hypnobirihing, anxiety programme5 and reaching those who slniggle to join a groiip as a result of fear of the virus and social situations. We continue 10 support Parents and Children where this anxiety exists. Edrnodo has been excellent in settin8 UP training programmes for parents which can be delivered both. live or recorded in advance lo enable parents/¢arers to log on when it suits them. Staff have adapted well to implementing digital platforms to everyday life at the Dry Arch centre, supporting our promotional channels siich as Facebook and Instagram. Projected activity for 2023124 Oiir services will conliniie to be responsive to the needs of local Families. With oiir HUB partners we aim to address the crisis feli by many due lo the increase in the cost of living. Families are having to choose between healing their homes or feeding their families. This shoiild never be a ¢hoi¢e anyone has lo makel The Dry Arch ED is a member of the Regional Children and Young Peoples Strategic Partnership and the Regional Poverty Task and Finish Group in the Western Trust Area charged with tackling the issue of real poverty feli within our communilies today. More than in the past 25 years. We will develop and deliver more Parenting Programmes based on the "ifamily2, and what it means lo be a Parent of the igeneration. Training for Teachers in Schools to enable them to better regulate whole classrooms to allow for more reled leaming environments and less anxiety and stre55 among Teachers and Ihe Children within their classrooms.. Bed poverty campaign to continue to highlight and address the numbers of Children and Parents sleeping on sofas and floors. PACE'S Agenda lo highlight the need for better community connection and engagement as well as better understanding of what isolation and loneliness is doing lo our mental health.
The Dry Areh Children's Centres Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conliniied) Year ended 31 March 2023 Partnership Working The Early Intervenlion Family Support HUB continues to grow and ferra19 io this service increase weekly. The number and types of services have increased with more and more primary school aged Children finding themselves struggling lo cope emotionally. The Dry Arch Management and Staff will not let a Global Pandemic prevent us from reaching Fatnilies, particularly those Families who need us most. These serviees will include: Equine Therapy Therapy t)og within schools Play Therapy Therapeutic Play Art Therapy LegJo Therapy Resiliency based programmes for all age groups. All other Family Support services will continue, but a greater emphasis will be placed on therapeiilic programmes in pannership with local priniary schools, in an attempt to address the increasing niimbers of referrals for Ihose Children struggling with anxiety and social isolation. The Dry Arch Siire Start and Early Intervention Family Support Programme will continue to provide support and guidance to families in the Limavady Boroiigh Council area. Addressing the Right to Food We have established links with Children in Northern Ireland as part of a regional approach to tackling food poverty and holiday hiingyer. The campaigFn will be led by the Yoiing People and aims to bringF the issiie food poverty lo local MLA'S and ultimately inform policy in Northern Ireland as has been the case in England. This work has seen many Young People flourish throughout 2023 and will continue throughout 2024. Trustees, re5ponslbllltles statement The tnistees, who are also direclors for the purposes of company law, are responsible for preparing the Iruslees, report and the financial statements in ac¢ordance with applicable law and United Kingdom A¢¢ounling Standards (Uniled Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a tnie and fair view of the state of affairs of the charitable conipany and the incoming resources and application of resources. in¢luding the income and expenditLire. for that period.
The Dry Arch Children's Centres Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (ronffinuedj Year ended 31 March 2023 In preparing these financial statements, the trnslees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in ihe applicable Charities SORP,. make jiidgments and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slatemenls. prepare the finan¢ial statements on the going concern basis unless it is inappropriate to presume that the charity will continiie in business. The trustees are responsible for keeping adequate accoiinling records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable theni lo ensure that the financial statements comply with the Conipanies Act 2006. They are also responsible for safegiiarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregiularilies. Auditor Each of the persons who is a trustee at the dale of approval of this report confirms that.. so far as they are aware, there is no relevant audit information of which the charitys auditor is unaware; and they have taken all steps that they ought lo have taken as a truslee 10 make theniselves aware of any relevant aiidit information and lo establish that the charity's auditor is aware of that infomlalion. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006. The trustees, annual report and the strategic report were approved on 23 Janu&ry 2024 and signed on behalf of the board of trustees by.. Mrs B Macqueen Trustee io-
The Dry Arch Children's Centres Company Limited by Guarantee Independent Auditor's Report to the Members of The Dry Arch Children's Centres Year ended 31 March 2023 Oplnlon We have audited the financial statements of The Dry Arch Children's Centres (the 'charily') for the year ended 31 March 2023 which Comprise the statem¢nl of financial a¢tivities (including income and expendittire account), slalemenl of finan¢ial position, statement of cash flows and the related notes, incliiding a summary of significant a¢coiinling policies. The financial reporting framework that has been applied in their preparation is applicable law and Uniled Kingdom Accoiinting Standards, including FRS 102 The Financial Reporting Standard appli¢able in the UK and Republic of Ireland (United Kingdom Generally Accepted A¢eounting Practice). In our opinion the financial statements.. give a tnie and fair view of the slate of the charity's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We ¢ondiicted our aiidil in accordance wilh International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Oiir responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial slalemenls section of our report. We are independent of the charity in a¢¢ordan¢e with the ethical requirements that are relevant to our audit of the financial statements in the UK, includins the FRC'S Ethical Standard, and we have ftilfilled oiir other ethical responsibilities in accordance with these requirenienls. We believe that the aiidil evidence we have obtained is siifficienl and appropriate lo provide a basis for oiir opinion. Concluslons r¢latlng to golng ¢oncern In auditing the financial statements, we have concluded that the trustees, use of the going ¢on¢ern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfornied, we have not identified any material uncertainties relating to events or conditions that, individiially or collectively, may cast significant doiibi on the ¢harity's ability lo ¢ontiniie as a going concern for a period of at least twelve months from when the financial statements are auihorised for issue. Our responsibilities and the responsibilities of the Iruslees with respe¢t to going concem are described in the relevant sections of this report. li
The Dry Arch Children's Centres Company Limited by Guarantee Independent Auditor's Report to the Members of The Dry Arch Children's Centres (conliniied) Year ended 31 March 2023 Other information The other information comprises the information included in the anniial report, other Ihan the financial statements and our auditor's report thereon. The truslees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise expliciily stated in our report, we do not express any forn] of assurance conclusion thereon. In connection with our audit of the financial slalements, our responsibility is lo read the other information and, in doing so, consider whether the other infom)ation is materially inconsistent with the financial staternenls or our knowledge obtained in the aiidit or OtheISe appears lo be materially misstated. If we identify such material ineonsislencies or apparent material misstatements, we are required to determine whether there is a material misslatemenl in the financial statements or a material misstatement of the oiher information. If, based on the work we have performed, we conclude that there is a material misststement of this other information. we are reqiiired to report that fact. We have nothing lo report in this regard. Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the Course of the audit: the information given in the trustees, report for the financial year for whieh the financial statements are prepared is consistent with the financial slalements. and the trustees, report has been prepared in accordance with applicable legal requirements. MAtters on whlch Ive are requlred to report by exceptlon In the light of the knowledge and understanding of the charity and ils environment obtained in the course of the audil, we have nol identified maierial misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for oiir audii have not been received from branches not visited by u5; or the financial statements are not in agreement with the a¢¢ountin8 records and returns- or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the inforniation and explanations we require for our audit. 12
The Dry Arch Children's Centres Company Limited by Guarantee Independent Auditor's Report to the Members of The Dry Arch Children's Centres (¢onl¥nMed) Year ended 31 March 2023 Respon5ibilitles of trustees As explained more llY in the trustees, responsibilities Statement, the tnistees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied thai they give a Inie and fair view, and for such internal control as the trustees determine is necessary lo enable the preparation of financial stalem¢nls that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements. the tteeS are responsible for assessing the charills ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accoiinling unless the trustees either intend lo liquidate the charity or lo cease operations. or have no realistic aliernalive bul lo do so. Auditor's respon51bllitles for the audit of the financial statements Our obje¢lives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstat¢nienl. whether due to fraud or error, and to Issue an auditor's report that includes our opinion. Reasonable assiirance is a high level of assurance, but is nol a giiarantee Ihal an audit condiicled in accordance with ISAS (UK) will always delecl a malerial misslatemenl when il exists. Misstatements can arise from fraud or error and ar¢ considered material if, individiially or in the aggregate, they coiild reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. ItTegularities, including fraiid. are instances of non-compliance with laws and regulations. We design procedures in line with oiir responsibilities, oiiilined above, to delecl material misslatemenls in respect of irregularities. including fraud. As part of an audit in accordance with ISAS (UK), we exercise profestsional judgmeni and maintain professional scepticism throLighoiit the aiidil. We also.. Iderjtify and assess the risks of material mis5talement of the financial slatemenls, whether due lo fraud or eOr. design and perforni audit procedures responsive lo those risks, and obtain aiidit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not delecling a material misstatement resulting from fraud is higher than for one resulting froni error, as fraud may involve ¢olliision, forgery, intentional omissions, misrepresenlalions, or the override of internal ¢onlrol. Obtain an understanding of internal control relevant to the audit in order lo design aiidil procedures that are appropriate in the circiimslances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of a¢¢ountin8 policies used and the reasonableness of accounting eslimates and related dis¢losures made by the tru51ees. 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 iineertainty exists related lo events or conditions that may asl Significant doubt on the Charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required lo draw attention in our auditor's report lo the related disclosures in the rinancial statements or, if such disclosiires are inadeqiiale, lo modify our opinion. Oiir concliisions are based on the audit evidence obtained up lo the dale of our auditor's report. However, future events or conditions may cause the charity to cease lo continue a5 a going concern. Evaluale the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statement5 represent the underlying transactions and events in a manner that achieves fair presentation. 13-
The Dry Arch Children's Centres Conipany Limited by Guarantee Independent Auditor's Report to the Members ot. The Dry Arch Children's centi.es Year ended 31 March 2023 Ile Loinmunical¢ with tliose charged with uoiicmanLc r¢garding, among oili¢r matters, Ihe planiicd sLope and liiiiing of ilie audil and significanl audit fiiidings. including any sigiiificanl dcficieneies in intemal control Iliat we identify during our audit. Use ol. our report This report is made solely to the cliarity's m¢nibers, as a body, in accordance with Cliapter 3 of Part 16 of the Companics Act 2006. Our aii(Ei1 work has been iindertaken so that wc might state to the charity'b incmbers thos¢ Tnattcrs we dre reqiiired lo st¢ltL lo tlieiii iii an aiiditor'b report and for no othcr PiiTP05e. To tIiL fikll¢%t extent pcrmillcd by lrflw,, we do iiul <i¢Lepl or a5suine rcspvnsibilily tu anyone otl)¥r ihan Ihc cliarity and ihc Lliarity's niei]Ibcrs d5 a body. for our dudil work, for this rLPVrt. or for Ilie opiniu we have formcd. Shaun McElhinn r Statutory Auditor) For and on behalf of Claremount Chartered Accoiinlants & StatOrY Auditor Ib Biookn)ount Crescent Oniagh Co Tyrone BT78 5HG 23 January 2024 14-
The Dry Arch Children's Centres Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 2022 Unrestricted fijnds Restricted funds TotAI funds Total ndS Note Income 2nd endoTrvment5 Donations and legacies Other trading activities Investment income 17,375 743,344 2,673 1,109,277 1,126,652 743,344 2,673 1,150,982 636,546 52 Total income 763,392 1,109.277 1,872,669 1,787,580 Expendlture Expenditure on charitable activities Total expendlturo 572,468 1,109,277 1,681,745 1,615,034 572.468 1,109,277 1,681,745 ,615,034 Nct Income and net movement in funds 190,924 190,924 172,546 Reconclllatlon of funds Total ndS brought forward Total funds carrled forwArd 787,545 255.074 ,042,619 870,073 978,469 255,074 1,233,543 1.042,619 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive froni continiiinb) aclivilies. The notes on pmges 22 to 27 form part of these financial statements. 15-
The Dry Arch Children's Centres Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Fixed assets Tangible fixed assets 12 199,790 221,496 Current assets Debiors Cash at bank and in hand 13 22,481 1,062,044 29,961 867,920 1,084,525 897.881 Credltors: amounts falling due withln one year 14 50,772 76,758 Net current assets 1,033,753 821,123 Tot#1 Assets less current liabllltlc5 1,233,543 1.042,619 Net assets 1,23J,543 1.042,619 Funds of the charlty Restricted fiinds Unrestricted funds 255,074 978,469 255.074 787.545 Total ¢hArlty funds 16 1,233,54J 1,042,619 These financial sialemenls were approved by the board of trustees and authorised for issue on 23 January 2024, and are signed on behalf of the board by.. rs B Macqueen Tnislee The notes page$ 22 to 27 form part of these financial statements. 16
The Dry Arch Children's Centres Company Limited by Guarantee Statement of Cash Flow5 Year ended 31 March 2023 2023 2022 Cash flows from operating gctivities Net income 190,924 172.546 Adjiislmenrs]or.' Depreciation of tangible fixed assets Government grant incorne Other interest receivable and similar income Accrued income 36,960 45,153 (1,126,652) (1,150,982) {2,673) (52) (17,664) {1,107) Chunge.¥ in.. Trade and other debtors Trade and other creditors 7,480 {8,322) {15.165) 5,148 Cash generated from operations {919,947) (944,459) Interest received 2,673 52 Net cash froml{used in) operating activities {917,274) (944,407) Cash flows from Investlng a¢tlvltle$ Piirchase of tangible assets Nel cash used in investing activities {15,254) {15,254) (5.664) (5.664) C45h floivs from financlng Actlvities Government grant income Net cash (used in}Ifrorn financing activities 1,126,652 1,150,982 1,126,652 1,150,982 Net increase in cash and cash equivalents CAsh And cash equivalents at beginning (bf yeAr 194,124 867,920 200,911 667,009 Cash and cash equlvalents at end of year 1,062,044 867,920 The notes on pages 22 to 27 form part of these financial statement$. 17-
The Dry Arch Children's Centres Company Limited by Guarantee Accounting Policies Year ended 31 March 2023 Basis of preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assels and liabililies and investment properties measured at fair value through income or expenditure. The financial stalemenls are prepared in sterling, which is the nCtIonal currency of the entity. Golng concern There are no material uncertainties about the charills ability to conliniie. Judgements and key sources of estimatlon uncertalnty The preparation of the financial slalenienls requires management lo make jiidgements, eslimales and assumptions that affect the amoiints reported. I"hese eslimales and jiidgemenls are continually reviewed and are based on experience and other factors, includingT expectations of fuliire events that are believed lo be reasonable under the circumstances. No judgements, accounting estimates or assumptions that have been made by management will have a significant effect on the amounts recognised in the financial slaiements. Fund a¢countlng Unrestricted funds are available for use ai Ihe discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are siibjecled to restrictions on their expenditure imposed by the donor or Ihrough the terrns of an appeal. Incomlng Resources All incoming resources are included in the statement of financial activities when the charity is eniiiled lo the income and the amount can be quantified with reasonable accuracy. The following specific policies a applied lo particular categories of income; Voluntary income is received by way of grants, donations and gifts and is incliided in fiill in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specifi perforniance by Ihe Charity, are re¢ognised when the charity becomes unconditionally enliiled lo the grant. Investment income is included when receivable. Incoming resources from charitable trading activity are accounted for when earned. Incoming resources from grants, where related to perfonnance and specific deliverables, are accounted for as the charity earns the right lo Consideration by ils performance. 18-
The Dry Areh Children's Centres Company Limited by Guarantee Accounting Policies (coNlinued) Year ended 31 March 2023 Incomlng resour¢es All incoming resources are included in the statement of financial activities when entitlement has passed to the charity. it is probable that the eeonomi¢ benefits associated with the transaction will flow lo the Charity and the aniount can be reliably measured. The following specific policies are applied lo particular categories of in¢ome- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measiired reliably. lega¢y income is recognised when receipt is probable and entitlement is established. income from donaied goods is measured at the fair value of the goods unless this is impractical lo measure reliably, in whieh case the value is derived from the cost lo the donor or the eslimllted resale value. Donated facilities and services are recognised in the accoiinls when received if the value can be reliably measiired. No amounts are incliided for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a conlracliial reqiiirenienl for it to be spent on a particular purpose and returned if unspent. in which case it may be regarded as restricted. Resources expended Expenditiire is recognised on an a¢¢rual basis as a liabilily is inciled. Expenditure includes any V AT which cannot be fully recoVed. and is reported as part of the expenditiire to which il relates.. Costs of generating fiinds comprtse che costs associated with attracting voluntary income and costs of Irading for fundraising purposes. Charitable expendittire comprises those costs incurred by the charity in the delivery of ils activities and services for ils beneficiaries. It includes both costs tE]al Can be allocated directly to such activities and ihose costs of an indirect nature necessary to support them. Governance costs incliide those Costs associated with meeling the conslitulional and slattilory requirements of the charity and incliide the audit fees and costs linked lo the strategi¢ management of the charity. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resoiirce. Tangible assets All fixed assets are initially recorded al cost. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value. over the useful economic life of that asset as follows.. Building adaptions Motor vehicles Eqiiipmenl Leased Assets 5'/D slraighi line 20 /9 Straight line l O % straight line 20 /0 straight line 19-
The Dry Arch Children's Centres Company Limited by Guarantee Accounting Policies (ronffiniied) Year ended 31 March 2023 Impalrment of fixed assets A review for indicators of impairment is carried out at each reporting dale, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the assel is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment lesling, when il is not possible to estimate the recoverable amount of an individual tts.sel, an estimate is made of the recoverable amount of the cash_generating unit to which the asset belongs. The ¢ash-generating unit is the smallest identifiable group of asseis that in¢liid¢s lh¢ asset and generates cash inflows that largely independent of the cash inflows from oiher assets or groiip5 of assets. For impairment testing of goodwill, the goodwill acqiiired in a business combination is, from the a¢quisilion date, allocated to ea¢h of the cash-generaling iinils that are expected lo benefit from the synergies of the combinaiion, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments A fiiiancial asset or a financial liability is recognised only when the charity becomes a pany lo the conlractiial provisions of the inslrunient. Basic finan¢ial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Ciirrenl assets and current liabilities are subsequently measiired al the cash or other consideration expected to be paid or received and not discounted, Debt inslnimenls are subseqiiently measured al arnortised cost. Where investments in shares are publicly Iraded or their fair value Can oihenvise be measured reliably, the investment is subsequently nieasiired at fair value with Changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairnienl. Other financial inslrumenls, including derivatives. are initially COgnised at fair value. unless payment for an asset is deferred beyond normal business terms or financed at a r&le of intere81 that is not a niarkel rate, in which case the asset is measured at the present value of the futiire payments dis¢ounted al a market rale of interest for a siniilar debt instrument. Other financial instruments are subseqiienily measured at fair valiie, with any changes re¢ognised in the slalement of financial a¢tivities, with the exception of hedging instrurnenls in a designated hedging rel<ilionship. Financial assets that are nieasured at cost or amortised cost are reviewed for objective eviden¢e of impairment at the end of each reporting date. If ihere 15 objective evidence of impairment, an impairment Ioss is recognised under the appropriate heading in the 5tat¢m¢nl of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant. these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk charact¢rislics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the Carrying amount would have been had the tmpairnienl not previously been recognised. 20-
The Dry Arch Children's Centres Company Limited by Guarantee Accounting Policies (conl¥nued) Year ended 31 March 2023 Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayrnenl will lead to a reduction in future paynients or a cash refund. When contribiilions are not expected to be settled wholly within 12 months of the end of the reporting dale in which the employees render the related service. the liability is measured on a discounted present value basis. The unwinding of the discoiinl is recognised as an expense in the period in which it arises. 21
The Dry Arch Children's Centres Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General information The charity is a public benefil entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is Unit 1 50 Legavallon Road, Glenshane Business Park, Dungiven, Co Derry, B T47 4QL. StAtement ofcompllan¢e These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable lo charities preparing their accounts in ac¢ordttnce with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SOIiP (FRS 102)) and the Companies Act 2006. Llmlted by guarantee The company is Limited by Guarantee and does not have a share Capital. Don#tlons and legaeles Unreslri¢ted Fiinds Restricted Total Funds Fiinds 2023 Donations Donations I Commission 17 17 Grant5 WIISCT (Limavady) HSCB (Surestart) DFC FISCB Fair Play Grant Early Years CRSF NIII & SSWB (Tran5POrt Contract) Playgroup FISS Milk Refund USEL Sniall Grants HMRC JRS Grant Early Years Pathway Fund BBC Children In Need Training Tran5POrt Income 211,523 748,862 30,877 2,138 211,523 748,862 30,877 2,138 5,000 5,000 38,994 1,356 6,602 12J77 38,994 1,356 6.602 12,377 28,478 214,982 28,478 28,982 3,200 ,246 3,200 1,200 7,046 17,375 1,109,277 1,126,652 22-
The Dry Arch Children's Centres Company Limited by Guarantee Notes to the Finydncial Statements (ConliNerf) Year ended 31 March 2023 Donations and legacies (contlnued) Unreslrieted Funds Restricted Total Funds Funds 2022 Donation5 Donations I Commission Grants WFISCT {Liniavady) HSCB (Sureslart) DFC HSCB Fair Play Grant Early Years CRSF NIFI & SSWB (Transport Conlraci) Playgroup FISS Milk Refund USEL Small Grants HMRC JRS Grant Early Years Pathway Fund BBC Children In Need Training Transport Income 230,952 722,903 27,850 2,905 230,952 722,903 27,850 2,905 38,064 6,779 32,926 3,726 10,881 8,305 8,249 27,948 29.494 38,064 6.779 32,926 3,726 10,881 8,305 8,249 27,948 29,494 67,699 1,083,283 1,150,982 Other tradlng actlvltles Unre5tricled Total Funds Funds 2023 Unreslricled Total Funds Fiinds 2022 Daycare & OOS Fees Training Registration Feesloiher Management fees Contribution low&rds governance costs Miseellaneous Receipts 729,375 650 1,306 729J75 650 1,306 627,234 627,234 915 915 4,597 7,416 4,597 7,416 4,597 3,800 4,597 3,800 743,344 743 J44 636,546 636,546 Investment income Unrestricted Total Funds Funds 2023 Unrestricted Total Funds Funds 2022 Bank Interest Receivable 2,673 2,673 52 52 23-
The Dry Arch Children's Centres Company Limited by Guarantee Notes to the Financial Statements (collilnuédj Year ended 31 March 2023 Expenditure on charltable aetlvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Limavady Surestart DFC Daycare & OOS Expenses Playgroup BBC Children in Need Small grants Pathway Fund Support costs Exceptional costs of charitable activities 169,683 673,883 25,939 169,683 673,883 25,939 349,270 35,554 4,052 12,366 25,880 382,902 2,216 349,270 35,554 4,052 12,366 25,880 161,920 220,982 2,216 572,468 1,109,277 1,681,745 Unrestri¢led Funds Restricted Total Fiinds Fiinds 2022 Limavady Sureslarl DFC Daycare & OOS Expenses PlaygyroLIP BBC Children in Need Sniall grants Pathway Fund Support costs Exceptional costs of charitable activities 181,124 640,743 25,572 181,124 640,743 25,572 341,336 29,523 26,480 3,579 24,025 340,378 2,274 341.336 29,523 26,480 3,579 24,025 152,237 188,141 2,274 531,751 1,083,283 1.615,034 -24-
The Dry Arch Children's Centres Company Limited by Guarantee Notes to the Financial Statements (ronfynued) Year ended 31 March 2023 Expenditure on charitable Activities by activity type A¢livities undertaken directly Support costs Total funds 202J Total fund 2022 Limavady Siireslarl 169,683 673,883 25,939 349.270 35,554 4,052 12,366 48,882 74,978 4,938 218,565 748,861 30,877 349,270 38,995 28,982 12,378 3,569 28,478 219,554 2,216 230,955 722,903 27,850 341,336 32,926 29,494 8,304 1,089 27,948 189,955 2,274 DFC Daycare & OOS Expenses Playgroiip BBC Children in Need Small Grants IOG (Training Room) Pathway Fund Govemance costs Exceptional cost of charitable activities 3,441 24,930 12 3,569 2,598 219,554 2,216 25.880 1,296,627 385,118 1,681,745 1,615,034 Net Income Net income is stated after charging/(crediling)'. 2023 2022 Depreciation of tangible fixed assets 36,960 45,153 l O. Audltors remuneratlon 2023 2022 Fees payable for the audit of the financial statements 1,900 1,900 I l. Staff eosts The total staff Costs and etnployee benefits for the reporting period are analysed as follows.. 2023 2022 Wages and salaries Social security costs Employer contribution5 to pension plans 1,258,416 82,376 21,351 1,213,227 72,357 20,885 1,362,143 1,306,469 The average head coiint of employees diiring the year was l 01 {2022.. 99). The average number of full-time equivalent employees during the year is analysed as follows.. 2023 2022 Number of staff - administrative staff ioi 99 No employee received employee benefit5 of more than £60,000 during the year (2022.. Nil). 25-
The Dry Arch Chlldren's Centres Company Limited by Guarantee Notes to the Financial Statements (coNriNMed) Year ended 31 March 2023 12. Tanglble fixed assets Building Adaptions Motor vehicles Equipment Leased Assets Total Cost Ai l April 2022 Additions 619,513 3,923 113,267 2.500 385,256 8,831 5,485 1,123,521 15,254 At 31 March 2023 623,436 115.767 394,087 5,485 1,138,775 Depre¢latlon Ai l April 2022 Charge for the year 452,511 20,134 106,787 2,660 337,242 14,166 5.485 902,025 36,960 At 31 M8rch 2023 472,645 109.447 351,408 5.485 938,985 Carrying amount At 31 March 2023 150,791 6,320 42.679 199,790 Ai 31 March 2022 167,002 6,480 48.014 221,496 13. Debtors 2023 2022 Prepayments and accrued income Grants receivable 477 22,004 477 29,484 22,481 29,961 14. Credltors: amounts f4lllng due wlthln on¢ year 2023 2022 Bank loans and overdrafts Trade creditors Accrua15 and deferred income Other creditors 4,254 8,100 5,173 33,245 6,963 12.346 22,837 34,612 50,772 76,758 15. Pcnsion5 and other post rctircmcnt benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plan5 was £21,351 (2022- £20,885). 26-
The Dry Arch Chlldren's Centres Company Limited by Guarantee Notes to the Financial Statements (colllittued) Year ended 31 March 2023 16. Analy515 of charitable funds Unrestricted funds Al l April 2022 At Expenditiire 31 March 2023 Ineome General funds 787,545 763,392 (572,468) 978,469 At l April 2021 Ai Expenditiire 31 March 2022 Income General funds 614,999 704,297 (531,751) 787,545 Restrlcted funds At l April 2022 At Expendiliire 31 March 2023 Income Restricted Fund 255,074 1,109,277 (1,109,277) 255,074 At l April 2021 Ai Expendiliire 31 March 2022 Income Restricted Fund 255,074 1,083,283 (1,083,283) 255,074 17, Analysls of changes In net debt At 31 Mar 2023 At l Apr 2022 Cash flows Cash al bank and in hand Debi due wtihin one year 867,920 (6,963) 194,124 2,709 1,062,044 {4,254) 860,957 196,833 1,057,790 27-