Glendurragh Childcare Services Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year onded 31 May 2023 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charty for the year ended 31 May 2023. Reference and administrative details Registered charity name Glendurragh Ghildcare Services Limited Charity registration number 102105 Company reglstration number N1046513 Princlpal office and registered Mantlin Road office Kesh Co Fermanagh BT93 1 TU The trustees Mrs T Kerr Mrs K McDonagh Mr J Ellis Mrs D Gray Mrs L Simpson Company secretary Mrs Kyrenia McDonagh Independent examiner Gary Thompson Bannagh Beg Kesh Co Fermanagh BT93 8BY Structure, governance and management Governing document Glendurragh Childcare services Limited is a company limited by guarantee (Registration Number N1046513). The company is govemed by its Memorandum of Articles of Association. The company is recognised as a charity by HMRC (ref XR67754)
Glendurragh Childcare Services Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (cantinued) Year ended 31 May 2023 Structure, governance and management (¢onUnued) Governance Glendurragh Childcare Services Limited has a responsibility to conduct its business efficiently. The establishment of, and the strict adherence to sound financial management policies is an integral part of the organisation. The Board of directors and Management Committee are committed to establishing, maintaining and applying all necessary good practice to ensure that their duty of care to the management of finances of the organisation are fulfilled. The Board of directors are responsible for taking the strategic decisions of how the Charity will move forward and who also are responsible for appointments to the board. It is essential that Glendurragh Childcare Services Limited control all operational risk5 as far as is possible. This includes the participation of all those Involved directly or Indirectly with the banking arrangements for the organisation. Along with the financial systems of the organisation. this policy aims to detail responsibilities, risk management. internal controls. and audit requirement5 associated with the use of onllne banking. Objectives and activitles Prlncipal actlvlty The objects of the Company shall be to enhance the development and eduGation of young Ghlldren by encouraging parentslguardians to understand and provided the needs of their children in North Fermanagh and its environs (the area of benefit") by.. a) offering appropriate play facilities, with the right of parentslcarers to take responsibility for and to become involved in the activities of the Company, ensuring that the Company offers opportunities for all children regardless of religion, culture, race or means. b) Encouraging the study of the needs of such childen and theSr families and promoting public interest in and recognition of the needs of such children and thelr families in the local area. c) Providing the necessary facilities for the daily care, recreation and education of children during out of school hours and school holidays. dl Providing training for parents, volunteers and carers of children in child development, parenting and other appropriate recreational and educational subjects. The direct benefit which flows from Purpose'.- (a) is to provide appropriate play facilities and equal opportunities to all children who use our centre. To encourage parents and carers to become involved in activities held within the centre. Direct benefit to all children regardless of religion, culture, race or me8ns so that they may have an opportunity to develop and enhanGe their education and Social skills. To prepare the children for the transilion to nursery school and then to primary school. The direct benefit which flow from Purpose Ib} is to encourage development and education to both childlparentlcarer within the North Fermanagh area. To actively protnote awareness to children and parentslcareers the importance of their child's needs during development to provide the best start in life and lo encourage them to reach Iheir fLsII potential. The direct benefit which flow from Purpose {G) is to ensure that we have facilities to provide Gare to children who attend primary school, during term and non term time. Provide a facility for the care of children during school holidays. A place in whlch they can meet socially to build on relations with their fellow peers. To be actively involved in recreational and educational development. To build on their own of identity 50 that each child feels a sense of belonging and social inclusion within their own community The direct benefit which flow from Purpose Idl is to provide training for parents, volunteers and carers of children. To encourage parents, volunteers and careers of children to attend such training to further understand the development needs of children and to raise awareness of meeting the child's social and emotional development A private benefit to directors may arise from a programme of ongoing training in good governance etc. Through this training directors gain skills and experience which are transferable to other settings. These benefits are incidental and necessary to ensure the benefit is provided to our beneficiaries
Glendurragh Childcare Services Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 May 2023 Strategic report The follon9 sections for achievements and performance and financlal review form the strategic report of the charity. Achlevements and performance The charity continued to operate throughout the year and meet the objectives that it was set up to achieve as listed above. Financlal review Revlew of the Business The Company is non-profit making with a net deficit of £36.870 for the year. The management continues to be engaged in ongoing efficiency savings and is aware of the sustainable use of resources. Reserves Policy The trustees of Glendurragh Childcare Services Limited have set a reserves policy which require that reserves be maintained at a level which ensures that the charrty's core activity could continue during a period of unforeseen difficultly and to assist in the future strategic development of the organisation. The trustees have agreed that the Charity should endeavour to hold reserves at an amount not less than £50,000 in an effort to minimise the rTsks identified by the charty. Small company provlsions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report and the strategic report were approved on 3 November 2023 and signed on behalf of th8 board of trustees by.. Mrs T Kerr Trustee Mrs L Simpson Trustee