Klnder House Unaudlted Flnan¢lal 5tatement5 For the year èndèd 31 Dècèmber 2021 Charity Number.. 103688 Company Number: N1044136
Klnder House Content for the year ended 31 December 2021 Serving Directors and Advisors Trustee5' Report Independent Examlner's Report Statement of FSnanclal Actlvltle5 Balance Sheet Notes to the Flnanclal statements l(k13 P1
Klnder House 5eTvlng Dlrertors and Advlsors for the year ended 31 De¢ember 2021 Direttors Jim Conlon John Thompson Finbar Mccormick Helen Hossack Peter Heathwood Chairperson Flnbar Mccormack Treasurer JIM Conlon Banker First Trust F¢rtwllliam Branch 551 Antrlm Road BT15 3BU Sollcitor Cleaver Fulton Rankln SO Bedford Street Belfast BT2 7FW Independent Examlner Lowry Grant FPM Accountants Ltd 1-3 Arthur Street Bel*a5t BTI 4GA Reglstered Offlce 3 Westpolnt Klllough BT30 7QT Charity Number Company Number 103688 N1044136 P•)8 2
Kinder House Trustees. Report for the year ended 31 December 2021 The trustees present their report and accounts for the year ended 31 December 2021. The accounts have been prepared in accordance with the accounting policies set out In note I to the accounts and comply with the charity's constitution, the Charities Act 2008 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reportin8 Standard appllcable the UK and Republlc of Ireland IFRS 1021" la5 amended lor accountin8 periods comrnencln8 frorn l January 20191. ObJertlve5 and artlvltles The charity's objetts are to prtsmote the edutation and social welfare of children, young adults and disadvantaged adults. Thè polScles adDPted In furtherance of these objects include.. The purchase and use of a communlty house by appropriate organisations and charitable bodies,. Organlslng and facllltatlng the organlsatlon of soclal, recreational and educatlonal activltles which involve chlldren and youn8 adults- and The or8anisation of international exchange visits for the children and youn8 adults and those who are workin8 Wlth and supervisln8 them in such activltle5. There has been no change In these poll¢les during the year, although income from Internatlonal exchange visits has diminished in recent years and the focus of the company on 8enerating fund5 ha5 had to become more focused on Northern Ireland. The tru5tee5 have paid due regard to 8uidance issued by the Charity Commlssion In dec5din8 whzt activities the charity shtsuld undertake. Flnanclal revlew The result5 are Set out on pages 8 to 13. The company incurred a net deficit for the year ol £10,775 12020.. nèt delitit of £9,778), leaving unrestrittèd funds of £20.277 and rèstricted funds of E369,435 The level of unrestricted funds at 31 Dècèmber 2020 was £19,129 (see Note 51. The unrestricted funds are considered tts bè essentlal to provide sufficient funds to cover anv unforeseen costs which may arise and to fulfil the legal obligailons of the charity in the event that current levels of income are not maintained. It15 the policy of the company that unrestricted funds which have not been designated for a 5pecill Use should be maintained at a level equivalent to at least three month's expenditure. The trustee5 consider that reserves at this level will ensure that. in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to Way5 in which addltional funds may be raised. This level of reserves has been malntained throu8hout the vear. The company ha5 assessed the major risks to which the charlty is exposed, and are 5at15fled that systems are in place to mitigate exposure to the major risks. Durin8 the year Kinderhouse Charity leased out the Its premises to Wave Trauma Charity which is the largest cross community victim's group in Northern Ireland with the ultimate aim of transferring its ownership to them. During the year. Kinderhouse accommodated a large number of groups that had suffered during the Northern Ireland "troubles". Expenses incurred by Kinderhouse pertained to the running and maintenance of the property and some mlnor repairs and legal fees. P8w3
Klnder House Trustees, Report for the year ended 31 December 2021 Structure, governance and management Kinder House is a Company limited by guarantee, incorporated on 19 September 2002 and accepted as a charity for tax purposes by HM Revenue & Customs on the 7 October 2002. It is governed bv iti MemoraTrdum 3nd Articles of Association dated 12 September 2002 and amended to allow for current governance in March 2015. Methods useil to recruit and appolnt new charlty tru5tee5 include the circulatlon of Invitations to all members so that they may nomlnatè trustees prior to the Annual General Meetlng. None of the trustees has any beneficlal Intèresi the company. All of the trustees are members of thè company and guarantee to contribute £1 In the evènt of a wlnd5ng up. Org•nls•tlonal Structure The charirable company Is governed by its Memorandum and ArtScles of Association. The company is not for profit and limited by 8uarantee. The or8anlsation is governed by It5 8oard of Director5 who meet re8ularly. New Director5 are briefed on their le8al obligatlons under charity Bnd company law, the content of the Memorandum and Artlcles of Association. the commlttee and decision-makin8 proces5, the buslness plan and recent financial performance of the charltv. statement of Trustees Reswnslbllltles Thè trustees, who are also the directors of Kinder House for the purpose of Company law, are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and UnSted Kin8dom Accounting Standards (United Kingdom Generally Accepted Accountin8 Practice), Company Law requlres the trustees to prepare accounts ftsr each flnanclal year whlch glve a true and faSr view of the state of affalrs of the charlty and ot the incomlng resources and application of resources, Sncludin8 the income and expendlture, of the charltable company for that year. In preparin8 these accounts, the trustees are required to: select suitable accountin8 policie5 and then apply them conslstentlv.. observe the methods and principles in the Charities SORP.. make judgement5 and estimate5 that are reasonable and prudent,. and prepare the account5 in the goin8 concern basi5 unless It Is inappropriate to presume that the charity will continue In operation. The trustees are responsible for keepin8 adequate accountlng records that disclose with reasonable accuracy at any time the flnancial posltlon of the charity and enable them to ensure that the accounts comply wlth the Companies Act 2006. They are also SpOnSIble for safeguardin8 the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4
Klnder Hou•e Trustees. Report for the year ended 31 December 2021 The report was approved by the Board of Trustees, and signed on fts behalf: 31 J Conlon (Treasurer)
Independent Examlner's Report to the tharlty trustees of Klnder House la company limited by guaranteel I report on the accounts of the company for the year ended 31 December 2C121 which are set out on pages 8 to 13. RESPECTIVE RESPONSIBILITIES OF CHARITY TRUSTEÉS ANO ÉXAMINER The charltV'5 tru5tee5, who are also the director5 01 the company for the purposes of company law, are responsible for thè prèparatlon of thé ac¢tsunts in accordante with the rèquirements of the Companies Act 2006. The Trustees conslder than an audlt 15 not required under sectlon 65 of the Charities Act INorthern Ireland) 2008 and that an Indèpendent examlnatlcn Is needed. Having satisfled myself that the charlty is not sybjert to audit under Company law and Ss ell8lble for Sndependent examlnatlon, It is my resonslbillty to.. examlne the accounts under sectlon 65 of the Charitle5 Act,. to follow the procedures lald down in the 8eneral dlrectlons 8Sven by the Charlty Con)mSsslon under section 6519llbl of the Charities Act (Northern Ireland) 2008,. and to state whether partlcular matters have come to my attentlon. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance with the general Directions given by the Charitv Commi551on. An examlnatlon includes a revlew of the accountSng records kept by the charlty and a comparlson of the accounts presented wlth those records. It also Sncludes consideration of any unusual item5 or disclosures In the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requSred in an audit and consequently no oplnion 15 glven as to whether the accounts present a'true and falr view, and the report 151Smited to those matters sei out in the statement below. I have examined your charity attounts as required under sertion 65 of the Charities Act and my examination was carried out In acrurdance wlth the general DlrectSons given by the Charity Commisslon for Northern Ireland undèr settion 6519llbl of the Charities Act. The examinatlon P8ge 6
Independent Examlner's RepNt to the charity trustees of Klnder House la Company limlted by guaranteel Inclu(Jed a review of the a¢countln8 records kept by the charity and a comparison of the accounts presented wlth those records. It also Sn¢luded consideration of any unusual 5tem5 or dlsclosures In the acttjunts, and seeking explanatlons from you as charlty trustees concernin8 any such fflatter5. In connection wlth my examlnatlon, no matter has come to my attentS0n'. lal whlch 8lves me reasonable cause to belleve that In any material respect the Tequlrements: l. to keep accounting records in accordance wlth seetlon 386 of the Companles Act 2006,. and 2. to prepare accounts whlch accord wlth the accountlng records. comply with the accountlng requirements of section 396 of the Companles Act 2006 and wlth the rnethods and principles of the Statemen( of Recommended Practlce.. Accountlng and Reportlng by Charllles; have not been met or Ibl to which, in my opinlon, attentlon should be drawn In order to enable a proper understandin8 of the accounts to be reached. Lowry Grant FCCA for, and on behalf of, FPM Accountant9 Ltd Date 1_3 Arthur Street Belfast BTI 4GA Paqe 7
Kindèr House Statement of Finarbclal Activltles lincorporatlng an Income & Expendlture Account) for the year ended 31 December 2021 Total 2021 Total 2020 Notes Unrestrlcted Restricted INCOME FROM: CharStable Actlvltlès 7,C4JO 7,000 11,272 TOTAL INCOME 7,000 7,000 11,272 EXPENDITURE ON: Charitable Activitie5 15,8521 111,9231 117,7751 121,0501 TOTAL EXPENDITURE 15,8521 11,923 117,775 21.0501 NET INCOME I IEXPENDITUREI 1,148 111,9231 110,7751 19,7781 Transfer between fund5 NET MOVEME14T IN FUNDS 1,148 111,9231 110,7751 19,7781 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 19,129 381,358 400,487 410,265 TOTAL FUNDS CARRIED FORWARD 20,277 369,435 389,712 400,487 All income derives from contlnuln8 actlvities, therefore no st¥tement of reco8ni$ed 8alns or 1055es15 given. The note5 on pages 10 to 13 form part of these financial statements. Pege B
Klnder House Balance Sheet as at 31 December 2021 Notes 2021 1020 FIXED ASSETS Tangible Flxed Assets 386,706 398.735 cuTrIRENT ASSETS Ban k Balance Prepayments 4,673 129 4,802 3,419 129 3,548 CREOITORS- amounts < l year Credltors and Accruals 11,7961 11.7961 NEf cuRREr ASSETS 3,006 1,752 NEf ASSETS 389,712 400.487 REPResENTED BY: Accumulated Fund - Restrlcted Accumulated Fund - Unrestrlcted 369,435 20,277 381.358 19,129 389,712 4,487 For the year ended 31 December 2021 the charlty was entStled to exemptlon from audlt under sectlon 477 of the Companles Act 26 relatln8 to small companles. Trustees, re5POn5ibi1Sties: The members have not requlred the charlty to obtaln an audlt of Its accounts for the year In questlon In accordance wlth sectlon 476: and The trustees acknowledge their responsibilities for complyln8 wlth the requirements of the Act with respect to accountln8 records and the preparation of accounts. These accounts have been prepared In accordance wlth the provlslons appllcable to companles subject to the small companles, reglme These flnancial statements were approved by the members of the committee and authorised for issue on the ... . and are signed on thelr behalf by: Mrjc Director lon Company Alumber N1044136 The notes on pages 10 to 13 torm part of these flnancial statements, P8gg 9
Kinder House Notes to the Flnanclal Statements for the year ended 31 December 2021 I. ACCOUNTING POLICIES rhe principal aceounting pollcies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follow5= al Basis of preparation The financial statements have been prepared in accordance wlth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191- (Charities SORP IFRS 1021, the Financial Reporting Standard applicablè in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Kinder House meets the definition of a public benefit entity under FRS 102. Assets and Ilabilltles are Inlti3lly rÉcognisÈd at historltal cost or transattlon value unless otherwlse stated In the relevant accounting pollcy notelsl. bl Preparation of the accounts on a goinB concern basis The trustees are of the oplnlon that thè charlty Is a golng concern due to the level of reserves and plans in place. cl Fund Accounting Unrestricted funds are funds which are avallable for use at the discretion of the Trustees In furtheranre of the 8eneral oblect5ves ol the Charlty and whlch have not been designated for other purposes. Restricted funds are fund5 whlch whlch are to tse used In a¢¢ordanre with speclfic restrlctlons Imposed by donors or whlch have been raised by the Charity for particular purpose5. The tost of raising and administering such funds are charged against thè specific fund. The aim and use of restricted fund5 IS Set out in the notes to the financial staternent5. Restricted funds may only be transferred to general or deslgnated funds once the criteria for restriction have been dischar8ed or no longer apply. dl Income Income is recognlsed when the charity ha5 entltlement to the rent, funds, any performance condltlons attached to the itemlsl of Income have been met. It Is probable that the income will be received and the amount can be measured reliablv. Income Is deferred only when the charity has ro fulfill condltions before becomlng entitled to period. el Donated services and facllities In accordance with the Charitie5 SORP IFRS 1021, the general volunteer tlmÈ of 5UPPOrteTs Ss not recognised. Page 10
Kinder House Note5 to the Flnanclal Statements for the year ended 31 Dec&mber 2021 I. ACCOUNTING POLICIES fl Expenditure and ITrecoverable VAT Expenditure is reco8ni5ed once there is a legal or con5tructlve obllgation to make a payment to a third party, it Is probable that settlement will be required and the amount of the obligation can be measured reliably.Expenditure 15 classified under the followin8 activity hea(Jing'. ExpendSture on charltable activities comprise5 those costs Incurred by the charity In the delivery of it5 activities and service5 for il5 beneficiaries. It include5 both c05t5 that can be allocated directly to such activitie5 and those costs of an indirect nature necessary to support them. Irrecoverable VAT Is charged as a cost agalnst the activity for which the expenditure was incurred. gl Tan8lble fixed assets and depreciation Tangible fixed a5set5 are stated at cost le55 depreclatS0n. OeprecSation is provided at rates calculated to write ¢>ff the cost or valuation of fixed assets, less their èstimatèd residual value, over their expected useful lives on the followinB basis., Office Equipment 25% Reduclng 8alance Flxtures & Fittings 25% Reducing Balance Building & BuildinA Refurblshment 2% Straight Line h) Cash at bank and in hand Cash at bank and cash in hand Includes cash and short term current accounts. il Value added tax Value addpd tax is not recoverable by the charity, and as such is Included In the relevant costs In the Statement of Flnanclal Activltles. 11 Taxatlon The company 5s a reglsterèd charlty and the charltable tax exemptlons are therefore being claimed to the extent that income andlor gain5 are applicable and applied to charitable purpctses only. These exemptSons wlll remaln in place as long as income and expendlture is applied to charitable purposes only. P8ae11
Kinder House Not•S to the Financial Statements for the year ended 31 Decernber 2021 3 FIXED A55ETS Bulldlng Refurblshment Fixtures & FlttlnK5 Buildlng Equlpment Total COST as at l January 2021 Additions Disposals as èt 31 December 2021 250,740 345,390 9,486 5,321 610,937 250,740 345.390 9,486 5,321 610.937 DEPRECIATION as at l January 2021 Char8e for the Year 84,001 5,015 113,819 6,908 9,105 95 5,277 li 212,202 12.029 as at 310ecember 2021 89,016 120,727 9,200 S,288 224,231 NBV as at 31 Oe¢ember 2021 161,724 224,663 286 33 386.706 as at 31 Oecember 2020 166,739 231 $71 381 398,73S 4 INCOME FROM CHARITABLE ACTIVITIES Unrestrlcted Restrlrted 2021 2020 Rental Income Donations 7,WO 7.000 6,230 5,042 11.272 7,000 7,000 Paoe 12
Klnder House Note5 to the Flnancial Statements for the year ended 31 December 2021 5 EXPENDITURE Unrestricted Restricted 2021 2010 Bank Inteiest & Charge5 Depreciation Heat & light Insurance Water rate5 Cleanin8 Repair5 & renewals Accountan¢v Sundry Telephone 52 106 732 3,491 52 12,029 732 3,491 60 12,065 1,933 4,059 368 80 958 796 388 343 21,050 11,923 266 796 409 266 796 409 5,852 11,923 17.775 6 MOVEMENT IN FUNDS Unrestrlrted Restrl£ted 2021 2020 Balance brought forward 19,129 381,358 400,487 410,265 Income for the year Expenditu for the Year 7,OJO 15,8521 7,000 117,7751 11,272 121.0501 111.9231 Balance carried forward 20,277 369,435 389,712 400.487 Page 13