Small Wonders Childcxre . Statement of Finallcial Activities for tbe Year Ended l March 2025 31.3.25 Total nds 31.3.24 Total funds Unrestricted Restricted fund funds Notes INCOME AYJ D ENDOWMENTS FROM Donations and legacies 50,759 Charitable activities Grants Receivable 25,129 25.129 20,953 Other trading activities 577,137 577.137 555,073 Total 577,137 25,129 602,266 626,785 EXPENDITURE ON Charitable activities Charitable Activities Governance Costs 581.453 2.640 24.957 606,410 2,640 613.430 3,506 Total 584,093 24,957 609.050 616,936 NET INCOMEI(EXPENDITURE) (6.956) 172 (6.784) 9.849 RECONCILIATION OF FUNDS Total funds brought forward 70,548 257 70.805 60,956 TOTAL FUNDS CARRIED FORWARD 63,592 429 64.021 70.805 The note5 form part of these financial statements 14.
' Small Wonders Childcare Staternent of Finaneial PositlOD 31 Mareh 2025 31..3.25 31.3.24 Notes FIXED ASSETS Tangible assets 11 4,584 6,197 CURRENT ASSETS Debtors Cash at bank 12 11,166 100,472 12,442 99.959 111.638 112,401 CREDfroRS Amounts falling du¢ within one year 13 (52,201) (47,793) NET CURRENT ASSETS 59,437 64.608 TOTAL ASSETS LESS CURRE LIABILITIES 64,021 70,805 NET ASSETS 64.021 70,805 FUNDS Unrestri¢t¢d funds Restricted funds 15 63,592 429 70,548 257 TOTAL FifNDS 64,021 70,805 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small compani¢s regime. The financial statements were approved by the Board of Trustees and authorised for issue on 29 September 2025 and were signed on its behalf by., M Smith - Trustee J Mercer - Trustee The notes fonn part of these financial statements 15
Small Wonders Childcare Statement of Cash FRows for the Year Ended 31 March 2025 31.3.25 31.3.24 Notes Cash flows from opernting aetivities Cash generated from operations 513 12,980 Net cash provided by operating activities 513 12,980 Change in cash aDd cash equivalents in the reporting period Cash and cash equivalents gt the beginning of the reporting period 513 12,980 99.959 86,979 CAsh and ca$h equivalents at the end of the reporting period 100,472 99,959 The notes forni part of these fjnancial statements 16
Small Wonders Childeare Notes to the Statement of Cash Flows for the Year Ended 31 March 2025 RECONCILIATION OF NET (EXPENDITURE)IINCOIVIE TO CASH FLOW FROM OPERATING ACTIVITJES 31.3.25 31.3.24 Net (expenditure)lineome for tbe reportlDg period (as per tbe Statement of FiDaDci21 Activitie8) Adjustments for: Depreciation charges Decrease in debtors Increasel(decrease) in creditors (6,784) 9.849 1,613 1,276 4.408 1,613 11,437 (9,919) Net ea$h provided by operation$ 513 12,980 ANALYSIS OF CHANGES IN NET FUNDS At 114124 Cash flow At 3113125 Net casb Cash at bank 99,959 513 100,472 99,959 513 100,472 Total 99,959 513 100,472 The notes fonn part of these financial statements 17
Small Wonders Childcare Notes to the Finaneial Statements for tbe Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial ststements Summary of significant accounting policies (a) General inforn]ation and basis of prepaTation Small Wonders ChildCa is constituted as a company limited by guarantee incorporated in Northern Ireland (N1068112). In the event of the charity being would up. the liability in respect of the guarantee is limited to £1 per member of the charity. The charity constitutes a public benefit entity as defined by FRS 102. The financial stat¢m¢nts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their a¢counls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. The financial statements are prepared on a going con¢ern basis under the historical cost convention, modifi¢d to includ¢ certain items at falr valu¢. The financial statements are presented in sterling whlch is the functional currency of the charity.. The significant accounting policies applied in the preparation of these financial statements are set out below. These policles have been consistently applied to all years presented unless otherwise stated (b) Funds UnStriCted funds are available for use at the discretion of the trustees in further8n¢¢ of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Th¢ aim and use of each d¢signated fund is set out in the notes to the financial statements. Restrict¢d funds ar¢ funds which are to be used in a¢cordan¢e witb specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Further explanation of the nature and purpose of each fund is included in the notes to the fmancial statements. (c) tncome COgnItI0Th All incoming resources ar¢ included in the Statement of Financial Activities {SoFA) when the charity is legally entitled to the income after any perforniance conditions have been met, the amount can be measured reliably and it is probable that the Income will be rec¢ived. 18 Continued..,
Small Wonders Childcare Notes to the Financial Statemeuls - eonlinued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - CODtIDued Basis of preparing the finaDcial statements For donations to be recognised th¢ charity will have been notified of the amounts and the settl¢ment date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities (SOFA) when receivable. Income received from collections is reCOlSed when received. Donatcd facilities and donated professional seryices are re¢ogni5ed in income at their fair value when their economic benefit is probable. it can be me2sured reliably and the charity has control over the item. Fair value is detennined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open mark¢t for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. For legacies, entitlement is the earlier of the charity being notificd of an impending distribution or the legacy being receiv¢d. At this point income is r¢cognised. On occasion legacies will be notified to the charity however it is not possibl¢ to measure the amount expected to b¢ distributed. On these occasions, the legacy is treated as a contingent Set and disclosed. Income from trading activities includes income earned from ndraISing events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and serrfices in order to raise funds and is recognised when entitlement has occurred. The charity receives government grants which are detail¢d within the notes to th¢se financial statements. tncome from government and other grdnts are recognised at fair value when the charity has entitlement after any perforniance conditions have b¢¢n meL it is probable that the income will be received and the amount Can be MeaSud reliably. If entitlement is not met then these amounts are deferred. (D) Expenditure r¢cognition All expenditure is accounted for on an accruals basis. inclusive of VAT which cannot b¢ Tecovered and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructiv¢ obligation to make payments to third parties. it is probable that the settlement .will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Costs of raising funds includes the ¢05ts associated with attracting voluntary income5. Expenditure on charitable activities includes those costs incued by the charity in the delivery of its activitie5 and services for its beneficiaries. It includes both costs that can be allocat¢d directly to such activities and those costs of an indirect nature necessary to support them. and Other expenditure represents those items not falling into the categories above. Irrecoverable VAT 15 charged as an expense against the activity for which expenditure arose. 19 Continued...
Small Wonders Cbildcare Notes to tbe Finoncial Statements - continued for the Year Ended 31 Marcb 2025 ACCOUNTll¥G POLICIES - continued Basis of preparing the fftDancial $tstements Grants payable to third parties are within the ¢harAtable objectives. Where unconditional grants are offered, this is aTUed as soon as the recipient is notified of the grant, as this gives rise to a reasonabl¢ ¢xpectstion that th¢ recipient will receive the grants. Where ntS are conditional relating to perfonnance then the grant is only accrued when any Unlfilled conditions ar¢ outside of the control of the charity. (¢) Support costs allocation Support costs are those that assist the work of th¢ charity but do not directly represent charitable activities and include office costs, gov¢rnance costs. administrative payToII costs. They are inCued directly in support of expenditure on the objects of the Charity and include project management Carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have bc¢n allocated to cost of raising funds and expenditur¢ on charitabl¢ activities on a basis consistent with use of the resources. Premises overheads have been allocated on an insert detail basis and other overheads have b¢en allocated on a basis consistent with th¢ use of resources, Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating inforniation in support of the charitable activities. (fj Tangible fixed ass¢ts Tangible fixed assets are stated at cost less arxumulated depr¢ciation and accumulated impairnient losses. Cost includes costs directly attributable to making the asset capable of operating as intended. D¢preciation is provided on all tangible fixed assets. at rates ¢al¢ulated to write off the cost, les5 estimated residual value, of each asset on a systematic basis over its expected useful life as follows.. Motor Vehicles Equipment IO% Straight Line 20/0 Straight Line (g) Debtors and creditors receivable I payable within one year Debtors and cr¢ditors with no stated interest rat¢ and r¢ceivabl¢ or payable within one year are recorded at transaction price. Any losses arising from impairment are rexognised in expenditure. (h) Financial Instruments The charity only has financial ass¢ts and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently Measur at settlement value. (i) Impairment Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the Tecoverable amount of the asset, or the asset's cash generating uniL is estimated and ¢ompared to the canying amount. Where the carrying amount exceeds its recoverable amount, an impairnient loss is reColised in profit or loss unless th¢ asset is carried at a revalued amount where the impainnent loss is a revaluation decr¢ase. 20 continued..
Small Wonders Cbildcare Notes to the Financial Statements - tontinued for the Year EDded 31 Marcb 2025 ACCOUNTING POLICIES - coutiuued Basis of preparing tbe financial ststemeDts (i) Provisions Provisions are re¢ognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outfiow of economic benefits will be required in settlern¢nt and the amount can be reliably estimated. (k) Leases Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease terni and th¢ ¢xpected useful life of the asset. Minimum lease payments are apportioned between the finance ¢harge and the reduction of the outstanding lease liability using th¢ effective interest method. The related obligations, net of future finance charges, are included in creditors. Rentals payable and receivable under operating Icases are charged to the SOFA on a straight line basis over the period of the lease. (l) Tax No provision is required for taxation as th¢ cornpany is defined as a charity for taxation purposes. The charity is a registered charity and so such is entitled to certain t&K exemptions on incom¢ and profits from investments and surpluses on any trading activities carried on in furtherance of th¢ ¢harity's primary objectiv¢s, if these profits and surpluses ar¢ applied solely for charitable purposes. (m) Going concern The financial statements have been pr¢pared or¢ a going concern basis as the truste¢s believe that no material uncertainties exist. Th¢ trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising thes¢ financial statements. The budgeted income and expenditure is su£fJ¢ient with the level of reserves for the charity to b¢ able to continue as a going concern. (n) Accounting estimates and areas of judgement The preparation of the financial statements requires management to make judgements, estimates and assumptions that affcct the amounts reported. These estimates and judgements are continually reviewed and are based on experien¢¢ and other factors. including expectations of futUT¢ ev¢nts that are believed to be reasonable under the circumstances. The items in the financial statements where these judgements and estimates have been mad¢ include.. (i) estimating the useful economic life of tangible fixed assets (li) allocation of expenditure and support costs Pension costs and other post-retirement benefits The ¢haritable company operates a defined contribution pension sch¢me. Contributions payable to the Charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 21 continued...
Sm811 Wonders Childcare otes to the Finaneial Statements - ¢ontinued for the Year EDded 31 March 2025 DONATIONS AND LEGACTES 31.3.25 31.3.24 Donations 50,759 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Childcar¢ Fees Room Hire After Schools Bus/ Transportation 'Sundry Income Childcar¢ Catering Insurance Claim Registration Fees 369.553 2,025 196,535 2,400 1,440 3,784 339.836 8.730 194,384 215 2.267 5.382 4.259 1,400 577,137 555,073 lIYcOTr FROM CHARJTABLE ACTIVITIIS 31.3.25 31.3.24 Activity Grants Receivable Grants 25,129 20.953 Grants received, included in the abov¢, are as follows.. 31.3.25 31.3.24 Bclfast City Council - Summer Scherne Department of Health Belfast City Council - Revenue 1.500 3.000 20,629 953 20,000 25.129 20,953 22 continued...
Small WoDders Childcare Notes lo the Financial Statements - eontinued for the Year Ended 31 March 2025 CHARTfABLE ACTIVITtES COSTS Support costs (see note 6) Direct Costs Totals Charitable Activities Governance Costs 605.521 889 2.640 606,410 2,640 605,52I 3.529 609,050 SUPPORT COSTS Governance costs Finance Totsls Charitable Activities Governance Costs 889 889 2.640 2,640 889 2,640 3.529 NET INcoTr(ExPENDITl7RE) Net incomel{expenditure) is stated after chargingJ(crediting)' 31.3.25 31.3.24 Accountancy Fee Audit Fee Depreciation - owned assets Hire of plant and machinery 1,320 1,32Q 1,613 2.400 2,640 1,613 2,681 TRUSTEES, RETrtLfNERATION AIYD BENEFITS There were no trust¢es' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. 23 Continued...
Small Wonders Childtare . Notes to the Financial Statements - continued for the Year Ended 31 March 2025 STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social security costs Other pension costs 388,777 22.278 6,574 416,517 18,468 6,210 417.629 441.195 The average monthly number of employees dursng the year was as follows: 31.3.25 26 31.3.24 29 Management & Administration No employees received emoluments in excess of £60,000. Th¢ key management personnel of the charity comprise of th¢ Chief EKecutiv¢ and Senior management team. The salari¢s paid to key management personnel being the Chief Executive Offjcer, Finance Manager, and Programme C(>ordinator during the year totalled £88,832. (2024 £89.714) 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTITIEs Unrestricted Restrict¢d fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 50.759 50.759 Cbaritable activities GTants R¢ceivable 20.953 20,953 Other trading activities 555.073 555.073 Total 605,832 20,953 626,785 EXPENDITURE ON Charitable activities Charitable Activities Governanc¢ Costs 592.349 3.506 21,081 613.430 3,506 Totsl 595,855 21.081 616,936 NET INCO/XPEDITuRE) 9,977 .(128) 9.849 RECONCILIATION OF FTJNDS Total funds brought forward 60.571 385 60,956 24 continued...
Smvdll Wonders Cbildcare Notes to the Financial Statements - continued for the Year Ended'31 March 202 10. COMPARATIVES FOR THE STATE11N[ OF Ft¥ANCIAL ACTIVITIES- ¢ontinued Unrestricted Restricted Total fund funds funds TOTAL FUNDS CARRIED FORWARD 70,548 257 70,805 11. TANGIBLE FIXED ASSETS Motor vehicles Equipment Totals COST At l April 2024 and 31 March 2025 14.850 8.816 23,666 DEPRECIATION At l April 2024 Charge for year 8,910 1.485 8,559 128 17.469 1,613 At 31 March 2025 10,395 8,687 19,082 NET BOOK VALUE At 31 March 2025 4,455 129 4.584 At 31 March 2024 5.940 257 6,197 12. DEBTORS: AMOUNTS FALLING DUE WITHtN ONE YEAR 31.3.25 31.3.24 Trade debtors Prepayments 10.268 898 9,814 2,628 11,166 12.442 25 continued...
Small Wonders Childcare Not&$ lo the Financial StatemeDts - Continued for the Year Ended 31 March 2025 13. CREDITORS: AMOIJNTS FALLING DUE ONE YEAR 31.3.25 31.3.24 SWC Intercompany Accruals and deferred income 38,497 13,704 38.497 9.296 52,201 47,793 14. ANALYSIS OF IYET ASSETS BETWEEN FUNDS 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted fund funds Fix¢d assets Cuent assets Current liabilities 4.455 111,338 (52,201) 129 300 4,584 111.638 (52,201) 6,197 112,401 (47,793) 63,592 429 64,021 70,805 IS. m0vETrNT IN FIINDS Net movement in funds At 3113125 At 114124 Unwtricted funds Gen¢ral fund 70,548 (6,950 63.592 Restricted funds BCC Summer Scheme HSCB 300 (l28) 300 129 257 257 172 429 TOTAL FUNDS 70,805 (6,784) 64,021 26 continued.-.
Small Wonders Childcare Notes to the Financial Statements - continlled for the Year Ended 31 March 2025 15. MOVEKENT IN FUNDS - continued Net mov¢ment in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 577,137 (584,093) (6,956) Restricted funds BCC Summer Scheme Department of Health HSCB BCC Revenue 1.500 3,000 (1.200) (3,000) (128) (20,629) 300 (128) 20,629 25,129 (24,957) 172 TOTAL FUNDS 602.266 (609.050) (6,784) CompAratives for movement in funds Net movement in fvnds At 3113124 At 114123 Unrestrieled funds General fund 60,571 9,977 70,548 Restricted fuDds HSCB 385 (128) 257 TOTAL FUNDS 60,956 9,849 70,805 27 continucd,..
Small Wonders Childeare Notes to tbe Financial Statements - CODtinued for the Year Ended 31 Mvdrch 2025 15. MOVEIW4T tN FUNDS - continued Comparative net movement in funds. included in the above are &$ follows: Incoming resources Resources expended Movernent in funds Unrestrictsd funds General fund 605,832 (595,855) 9,977 Restricted funds BCC Sununer Sch¢me HSCB BCC Revenue 953 (953) (128) (20.000) (128) 20.000 20,953 (21,081) (128) TOTAL FUNDS 626,785 (616,936) 9,849 A current year 12 month5 and prior year 12 months combined p(>sition is as follows: Net movement in funds At 3113125 At 114123 Unrestricted funds General fund 60.571 3,021 63,592 Restricted fund$ BCC Summer Scheme HSCB 300 (256) 300 129 385 385 44 429 TOTAL FifNDS 60.956 3,065 64,021 28 continued...
Small Wonders Child¢are Notes to the Financial Ststements - eontinued . for the Year Ended 31 March 2025 15. . MOVEMENT IN FUNDS - eontiDued A Current y¢ar 12 months and prior year 12 months cornbined net movernent in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1,182,969 (1.179.948) 3,021 Restricted funds BCC Summer Scheme Department of Health HSCB BCC Revenue 2.453 3,000 (2.153) (3,000) (256) (40,629) 300 (256) 40,629 46,082 (46,038) 44 TOTAL FIINDS 1,229,051 (1,225,986) 3.065 16. RELATED PARTY DISCLOSURES TraDsaetlODS Ivlth Related Parties During the year the charity entered into the followin8 transactions with related parties'.- During the year Small Wonders Childcare entered into transactions with Shankill Womens Centre. a related paty. At the balance sheet dats, the amount owed to Shankill Womens Centre was £38,497 (2024 - Small Wonders Childcare owed £38,497). 17. POST BALANCE SHEET EvEs There were no events after the reporting period therefore no material issue5 need disclosed. 18. LLMtTED BY GUARANTEE The company is limited by guarantee and has no Sha capital. 29 continued...
Small Wonders Child¢are Notes to the Financial Statements - continued for the Year Ended 31 March 2025 19. WINDJIYG IIP Every MeMr of the Company undertakes to contribute to the assets of the Company, in the event of the same being wound up while it is a member. or within one year after it ceases to be a member, for payment of the debts and liabilities of the Company contractsd before it ceases to be a member, and of the costs, charges and expenses of WAnding up, and for the adjustment of the rights of the contributofs among themselves. such amount as may be required not exceeding one pound. 30
Small Wonderg Childcare Detailed Statement of Financial Activities for tbe Ye&r Ended 31 March 2025 31.3.25 31.3.24 INCO1 AND ENDOwNTs DonatlODS and legaeies Donations 50,759 Otber trnding activities Childcare F¢es Room Hire After Schools Bus/ Transportation Sundry Income Childcare Catering Insurance Claim Registration Fees 369,553 2,025 196,535 2,400 1,440 3,784 339,836 8,730 194,384 215 2,267 5,382 4,259 1,400 577,137 555.073 Charitable activities Grants 25,129 20,953 Total incomiDg resources 602.266 626,785 Cbaritable activities Wages Social security Pensions Hire of Equipment Rates and water Insurance Light and heat Telephone Postage and sLqtionery Sundrics Cleaning Creche Materials Creche Activities Creche Catering Staff Training Staff Travel Summer Scherne Activities Carried forward 388,777 22,278 6,574 416,517 18.468 6,210 2.681 2,263 7,274 14,665 3,401 1,019 2,299 3.861 2,807 8,345 14,066 898 2,039 4,384 10,597 3.153 1.780 940 2,028 1.741 15.162 22,284 848 2.175 550 505,324 484,760 This page does not fonn part of the statutory financial statements 31
Small Wonders Childcare Detsiled StAtement of Financial Activitie for the Ye4r End d 31 March 2025 31.3.25 31.3.24 Charitable activities Brought forward Repairs and Maintenance Rent Motor Expenses Legal and Professional Fees Subscriptlons IT Costs Service Lev¢1 Agreements Depreciation of tanglble fixed assets 484,760 20,730 46,417 2,415 404 505,324 22,461 32.403 1.581 416 131 2.814 44,475 1,613 1,543 47,639 1.613 605.521 611.218 Support costs Fin#Dce Bank charges 889 678 Governance costs Accountancy Fee Audit Fee 1,320 1.320 2,400 2,640 2,640 5,040 Total resources ¢xp¢nd¢d 609,050 616,936 Net (expenditureyincome (6,784) 9,849 This page does not fonn part of the statutory financial statements 32