Klnder House Unaudlted Flnanclal Statements For the year ended 31 December 2024 Charity Number: 103688 Company Number: N1044136
Klnder House Content for the year ended 31 December 2024 Servlng Dlrectors and Advlsors Trustees, Report Independent Examlner'5 Report Statement of Flnancial Activitles Balance Sheet Notes to the Financlal Statements 10-13
Klnder House Servlng Directors and Advisors forthe year ended 31 December 2024 Directors Jim Conlon John Thompson Finbar Mccormick Helen Hossack Peter Heathwood Chairperson Finbar Mccormack Treasurer JIM Conlon Banker First Trust Fortwilllam Branch 551 Antrim Road BT15 3BU Sollcitor Cleaver Fulton Rankln 50 Bedford Street Belfast BT2 7FW Independent Examiner Michael Farrell AAB Group Accountants Limited 1-3 Arthur Street Belfast BTI 4GA Registered Office 3 Westpoint KSllough BT30 7QT Charlty Number Company Number 103688 N1044136 Page 2
Klnder House Trustees. Report for the year ended 31 December 2024 The trustees present their report and accounts for the year ended 31 December 2024. The accounts have been prepared In accordance with the accountlng policies set out In note I to the accounts and comply with the charity's constitution, the Charities Act Northern Ireland 2008 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102}" (as amended for accounting periods commenclng from l January 2019). Alms The aims of the Trustees are to transfer the property into the ownership and care of Wave Trauma. This process is currently In It's flnal stages and is belng progressed by the legal people of both partles. The A¢hlvementS Over the current accounting year have been to malntaln the approprlate Insurance on the bullding as per the original agreement and to carry out any work of a hlstorlcal nature required by Wave to ensure contlnulty of usage by Wave and It's cllents. Objectlves and actlvltles The charity's objects are to promote the education and soclal welfare of children, young adults and dlsadvantaged adults. The policles adopted In furtherance of these objects include: - The purchase and use of a community house by appropriate organisations and charitable bodies; Organising and facilitating the organisation of social, recreational and educational activities which Involve children and young adults; and The organisation of international exchange visits for the children and young adults and those who are working wlth and supervlsing them in such actlvlties. There has been no change in these policies during the year, although income from international exchange vlslts has dimlnlshed In recent years and the focus of the company on generatlng funds has had to become more focused on Northern Ireland. The trustees have pald due regard to guidance Issued by the Charity Commission in deciding what activities the charity should undertake. Flnanclal revlew The results are set out on pages 8 to 13. The company incurred a net deficit for the year of £4,856 (2023: net deficlt of £5,603), leavlng unrestrlcted funds of £38,826 and restricted funds of £333,564 The level of unrestrirted funds at 31 December 2023 was £31,715 (see Note 6). The unrestricted funds are considered to be essential to provide sufficient funds to cover any urifore5een cost5 which may arlse and to fulfll the legal obligations of the charity in the event that current levels of income are not maintained. It is the policy of the company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least three month's expenditure. The trustees 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 charitvs current activities while consideration is given to way5 in which additional funds may be raised. This level of reserves has been maintained throughout the year. Page 3
Kinder House Trustees. Report for the year ended 31 December 2024 The company has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Durlng last year Klnder House Charlty 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 transferrlng Its ownershlp to them. During this financial year, the situation wlth Kinder House remained largely unchanged with the Wave Trauma charity leasing Kinder House for use by its admlnlstrators and clients with the Kinder House trustees being responsible for property Insurance and some hlstorfc malntenance Issues. Progress contSnued to be made towards a complete transfer to Wave and it is anticipated that thi5 could be completed within the next financlal year. On completion of the transfer Kinder House would cease trading and stop functloning as a Llmlted Company and a Charlty. Wave pay a monthly rent on the property, as per agreement, which allows Kinder House to bulld up some financial reserves which leaves us in a stronger flnanclal position year on year. Structurei governance and management Kinder House is a company limited by guarantee, Sncorporated on 19 September 2002 and accepted as a charity for tax purpose5 by HM Revenue & Customs on the 7 October 2002. It Is governed by its Memorandum and Articles of Association dated 12 September 2002 and amended to allow for current governance in March 2015. Methods used to recrult and appolnt new charity trustees include the circulation of invitations to all members so that they may nominate trustees prior to the Annual General Meeting. None of the trustees has any beneficial interest in the company. All of the trustees are memebers of the company and guarantee to contrlbute £1 in the event of a windin8 UP. The Klnder House Board has malntained the same structure allowln8 a contlnulty of governance while maintaining contact with Wave to allow intervention a5 required. This arrangement has been successful to date and will continue until no longer needed. Organisational Structure The charitable company is governed by its Memorandum and Articles of Association. The company is not for profit and limited by guarantee. The organisation is governed by its Board of Directors who meet regularly. New Directors are briefed on their legal obligations under charity and company law. the content of the Memorandum and Articles of Association, the committee and decision-making proce5S, the business plan and recent financial performance of the charity. Page 4
Kinder House Trustees. Report for the year ended 31 December 2024 Statement of Trustees Responsibilities The trustees, who are also the dlrectors of Klnder House for the purpose of company law, are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requlres the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these accounts, the trustees are required to: select suitable accounting policies and then apply them conslstently,. observe the methods and principles in the Charitle5 SORP; make judgements and estimates that are reasonable and prudent; and prepare the accounts in the golng concern basls unless it is Inapproprlate to presume that the charity will continue in operation. The trustee5 are responsible for keepSng adequate accounting records that dlsclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charSty and hence for taking reasonable steps forthe preventlon and detection of fraud and other irregularities. The report was approved by the Board of Trustees, and slgned on Its behalf: Mrjc lon (Treasurer) Date Page S
Independent Examlner's Report to the charlty trustees of Kinder House {a company limited by guarantee) I report to the trustees on my examlnation of the flnancial Statements for Klnder House on pages 8 to 13. RESPECTIVE RESPONSIBILITIES OF CHARITY TRUSTEES AND EXAMINER As the trustees of the charlty and { also the dlrectors of the company for the purposes of company lawl, you are responsible for the preparatlon of the accounts in accordance with the requlrements of the Companies Act 2006. Having satisfied myself that the charlty Is not subject to audit under company law and Is ell85ble for Independent examination, it is my resonslblllty to: examlne the accounts under section 65 of the Charltles Act; to follow the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northern Ireland) 21x18," and to state whether particular matters have come to my attention. BASIS OF INOEPENDENT EXAMINER'S REPORT I have completed my examlnatlon, I confirm that no matters have come to my attention in connection with the examlnatlon glvlng me cause to believe that in any material respect: Accounting records were not kept In respect of the charity as required by section 386 of the 2006 Act; or The financlal statements do not accord with those records; or The financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examinatio. or The financial Statements have not been prepared in accord3nce wlth the methods and prlnclples of the Statement of Recommended Pratice for Accountlng and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting
Independent Examine5 Report to the ¢harlty trustees of Kinder House (a company limited by guarantee) Standard applicable in the UK and Republlc of Ireland (FRS 102). I have no concerns and have come across no matters In connectlon wlth the examintlon to which attentlon should be drawn in this report In order to enable a proper understanding of the flnanclal statements to be reduced. I can conflrm that l am quallfied to undertake the examlnatlon because l am a registered member of Chartered Accountants Ireland, which is one of the listed bodie5, 20 October 2025 Michael Farrell for, and on behalf of, AAB Group Accountants Limlted Date 1-3 Arthur Street Belfast BTI 4GA P8ge 7
Klnder House Statement of Financial Activities (incorporating an Income & Expendlture Account) for the year ended 31 December 2024 Total 2024 Total 2023 Notes Unrestrlcted Restrlcted INCOME FROM: Charitable Activities 16,666 16,666 14,912 TOTAL INCOME 16,666 16,666 14,912 EXPENDITURE ON: Charltable Actlvltles {9,555) (11,967) (21,522) 120,515) TOTAL EXPENDITURE {9.555) 111,967) (21,522) 120,515) NET INCOME / IEXPENDITURE) 7,111 (11,967) 14,856} (5,6031 Transfer between funds NET MOVEMENT IN FUND5 7,111 111,967> {4,856) (5,603) RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 31,715 345,531 377,246 382,849 TOTAL FUNDS CARRIED FORWARD 38,826 333,564 372,390 377,246 All income derives from contlnuing activities. therefore no statement of recognlsed gains or losses is given. The notes on pages 10 to 13 form part of these financial statements. Page 8
Klnder House Balance Sheet as at 31 December 2024 Notes 2024 2023 FIXED ASSETS Tangible Fixed Assets 350,752 362,720 CURRENT ASSErs Bank Balance Prepayments 23,466 16,322 23,466 16,322 CREDITORS- amounts < l year Credltors and Accruals -1,828 -1,796 NET CURRENT A55ETS 21,638 14,526 NET ASSETS 372,390 377,246 REPRESENTED BY: Accumulated Fund - Restricted Accumulated Fund - Unrestrlcted 333,564 38,826 345,531 31,715 372,390 377,246 The company Is entitled to the exemption from the audit requlrement contained in section 477 of the Companies Act 2006, for the year ended 310ecember 2024. The directors acknowledge their responslbllltles for ensuring that the charity keeps accounting records which comply wlth section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financlal year and its Incoming resources, Including its income and expenditure, for the financial year in accordance wlth the requlrements of sections 394 and 395 and whlch otherwlse comply wlth the requirements of the Companies House Act 2006 relating to financial statements, so far as applicable to the company, The members have not qUired the company to obtain an audit of its financial statements for the year In questlon in accordance wlth sectlon 476. These financlal statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These financial statements were appToved by the trustees and authorlsed for issue and are signed on their behal Mr J Conlon Director Date The notes on pages 10 to 13 form part of these financial statements. Page 9
Kinder House Notes to the Flnanclal Statements for the year ended 31 December 2024 I. ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. a) Basls of preparation The financial statement5 have been prepared In accordance wSth Accountlng and Reportlng by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 (effective l January 2019) - {Charities SORP IFRS 102), the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Kinder House meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accountlng pollcy note{sl. b) Preparation of the accounts on a golng concern basls The trustees are of the opinion that the charity is a going concern due to the level of reserves and plans in place, cl Fund Accounting Unrestricted funds are funds which are available for use at the dlscretlon of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restrlcted funds are funds which which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for partlcular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of restricted funds is set out in the notes to the financial statements, Restricted funds may only be transferred to general or designated funds once the criterla for restrlctlon have been dlschar8ed or no longer apply. d) Income Income is recognised when the charity has entitlement to the rent, funds, any performance conditions attached to the Item{sl of income have been met, It is probable that the income will be received and the amount can be measured reliably. Income is deferred only when the charity has to fulfill conditions before becoming entitled to period. e) Donated services and facilities In accordance wlth the Charities SORP (FRS 102), the general volunteer time of 5UPPOrters Is not recognised. Page 10
Klnder House Notes to the Financial Statements for the year ended 31 December 2024 I. ACCOUNTING POUCIES fj Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that Settlement will be required and the amount of the obllgatlon can be measured reliably.Expenditure Is classlfied under the followlng activitv heading: Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was Incurred. g) Tangible fixed assets and depreclatlon Tanglble fixed assets are stated at cost less depreclatlon. Depreciatlon is provided at rates calculated to write off the cost or valuatlon of fixed assets, less their estimated residual value, over their expected useful Ilves on the followlng basls: Offlce Equlpment Flxtures & Flttings Bullding & Building Refurbishment 25% Reduclng Balance 25% Reducing Balance 2% Straight Line h) Cash at bank and in hand Cash at bank and cash in hand Includes cash and short term current accounts. i) Value added tax Value added tax is not recoverable by the charity, and as Such is included in the relevant costs In the Statement of Financial Activities. J) Taxatlon The company is a registered charity and the charitable tax exemptlons are therefore being claimed to the extent that income and/or gains are applicable and applied to charitable purposes only. These exemptions will remain in place as long as income and expenditure Is applied to charitable purposes onlv. Page11
Klnder House Notes to the Financial Statements for the year ended 31 December 2024 3 FIXED ASSETS Bulldln8 Refurbishment Flxtures & Fittings Building Equlpment Totsl COST as at l January 2023 Additions Disposa15 as at 31 December 2024 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 2023 Charge for the Year 99,046 5,015 134,543 6.908 9,326 5,302 248,217 11,968 as at 31 December 2024 104,061 141.451 9,366 S,307 260,185 NBV as at 31 Decernber 2024 146,679 203,939 120 14 350,752 as at 31 December 2023 151,694 210,847 160 19 362,720 4 INCOME FROM CHARITABLE ACTIVITIES Unrestrlcted Restrlcted 2024 2023 Rental Income Donations 16,666 16,666 14,912 16,666 16,666 14,912 Page 12
Klnder House Notes to the Financial Statements for the year ended 31 December 2024 S EXPENDITURE Unrestrfcted Restrlcted 2024 2023 Bank Interest & Charges Maitenance Depreciation Heat & light Insurance Accountancy Sundry 47 47 748 11,967 3,397 4,331 862 170 21,522 46 60 11,981 3,362 3,982 796 288 20.515 11,967 3,397 4,331 862 170 9,555 11,967 6 MOVEMENT IN FUNDS Unrestrlcted Restricted 2024 2023 Balance brought forward 31,715 345,531 377,246 382,849 Income for the year Expenditure for the Year 16,666 -9,555 16,666 -21,522 14,912 -20,515 -11,967 Balance carrled forward 38,826 333,564 372,390 377,246 7 RELATED PARTY TRANSACTIONS There were no dlsclosable related party transactlons durlng the year12023-none). Page 13