Registered number N1049041 Charity number NIC 103889 GLENULLIN CHILDCARE TRUST (A company Ilmlted by guarantee) Report and Unaudlted Accounts for tho year ended 31 Decémber 2022 Campbell & Co
GLENULLIN CHILDCARE TRUST Contents Page Company Information Report of The Trustees Independent Examiner's Report Profit and Loss Account 3-12 13-14 15 88lance Sheet 16 Not85 to the Accounts 17-21
GLENULLIN CHILDCARE TRUST Company Information Chairperson Raichéal Mhic Niocaill (appointed July 20221 Secretary Mark Kate McLaughlin (appolnted July 2022) Treasurer Briege O'Kane {appolnted October 2022) Reglstered offlca 39 Tlrkeeran R08d Garvagh Colerain8 BT515AX Legal Status The Gl8nullin Childcare Trust Is, a company limlled by guarantee whlch was formed in 2004 to provide childcare facilities in the interests of the local communlty. It is registered with the Inland Revenue as a charity for tax purposes. Accountants J A S Campbell & Co., 49 Managher Road Aghadowey Coleraine 8T514DE Bankers Danske Bank Main Street Kilrea Coleraine BT515QS Reglstered number N1049041 Charities Commission Number NIC 103889
GLENULLIN CHILDCARE TRUST The report of the trust8e8 for thè èar ended 31 Decombor 2022 Introductlon The Iruslee5 present their annual reporl 8nd accounts lor Ihe year ended 3151 December 2Q22. The board ol trusle¢s arè satisfied with the p6rformanc6 of the charity during the year and the poslllon al 31st December 2022, consldering the Increased flnanc181 burden placed upon the organisalion by thè new requirernenls ol government lor a further Increase lo the living wage and workplace pensions,alongside the increased cost of Ilving, they conslder that th8 charity is in a strong p0811ion lo continue Its acilvllSes durlng the coming year and th81 the charity's 8sse15 are adequate lo fulfil its abligalions. Namè, roglstered offl¢e and con5titutlon of the charlty The legal regi51r81ion details are D&le of in¢orporalion Company R6gislration Number The Rogisfer6d oifice is 1511212003 N1049041 39 Tirkeenan Road GaN8gh NIC 103889 028 295 57913 Ch8ri1185 Commission Number Th& lalophono number Is Objoctlves and Actlvltles of the Charlty A summary of the obJ•ctJ of th• charlty 4s set out In Its gOrnIng document. In setllng our obl8Ctives and plannlng our ècllvilies our gov¢rnors havg giv9n Gargful considoralion lo the Charity Commlssion'5 general guidance on public benelil 8nd in partlcular lo Its supplemanlary public benefit guidance on advancing education and on fe8 charging. The object8 ol Glenullin Childcara Trusl Ss to Pfovlda 8 quality chlldcaro seNlce fot children aged 6 weeks to 11 years. W8 8ndèavour lo prornot8 Independon¢e, dgvglop 8oGial skllls and peryonal development In Structured and flexible way. All this within a safe, warm envlromenl where ¢hlldren's physlcal, 8mollonal and social dovelopmgnl is paramount. 11 is the pollcy of Glenullin Childcar8 Tru611o prolocl and losltr th9 dignity of children by ensurin9 that staff Ireal e8¢h child as an individual, valuing their unique attributes 8nd qualities. Pollcies to ensure th8 childrens s318ly and welfare are In place, dlslTibu18d lo all and aro Sliclly adhered lo. These policie$ include such rn811er5 as diverse 85 Vetting all Indlviduals who come Into contact wlth the chlldren. Equal Opportunllles Policies. Additional Need Poliei8S Medic81 Emergency Procedure. Social Neorking. E-safety and moblle phon8 pollcle8. Security of this Selling. Collection Policy. Social Distancing and Covid.19. The Trust re¢ognises the importance of wort(ing In pailnershlp with parentslcarers lo promote the best interests of children and that parents play a key role in the education of their children. The group will work in partnershlp wlh and support parents In Ihls role.
GLENULLIN CHILDCARE TRUST The report of the Irustees for the aar ended 31 December 2022 Publ1¢ benefit that is provlded by the charlty The public benefit provided by the Trust starts with the childcare provided lo the Ghildren, provlding quality chlldcare from quallli8d child care providers and looklng altar Ihair health and well being on a daily basis. Following on Irom this, growino thè child's polenllal durlng Ihtrlr tlm¢ und81 our care and directing Ihelr personal and soclal development. Providing a reliable and cost effective service lo the parents. lakSng account ol safely, education81 and nulrillonal issues. Providing support and guidanca Its the paren15. not only about lttelr children bul also on tax and benefit matters, also acting as a meeling place lor those parents, Radialing out from here lo the community al largè, providing local facilities that kgep th community logèlher. Theralore paople don't have lo leave the area lo g81 Ih8sa benefits In larger towns and cities leadlng lo the slow declin8 ol the aréa. Providing loc81 ernploymenl and Iralnlng both full tlme I part Ilme, voluntary or pald. Co-ordinallng wilh local s¢hools and lacililies, lo the benefll of all parlS8S. Ultimately lo turn out well developed youth who will bè of benefit lo the wholè ol the commvnlty. A lol of thosè go8ls aro qualilalive 8nd longierm, and thus hard lo measure. As a basic indicator though in 2021 wa had 60 childr8n from 46 familys and in 2022 w& had 84 children from 61 familys, Others more quanlilalivo lika numbers ol hours childcarè provlded, and numbers of local Staff employed are detailed below.. 2022 2021 2020 Total hour5 chlldcarg provlded No of staff members1Svlng withln cat¢hm•nl area No of slud8nls in the year Hours provlded in Baby Room16weeks - 2yéarsl Hours provlded in Toddler Room12years} Hours provSded In Middla Room13y98rsl Hours providod in Pre School Room Hours provided in Aft8r School Room 56793 NIA 25680 11640 13580 7368 11305 12900 NIA NIA NIA NIA NIA 5855 6108 3261 4991 5465 NIA Information not avgSlable due lo lack of staff dug lo Malernlly leav8r. Th• ch8rlty's aims includlng the changes or dlfferences It seeks to make through Its actlvitles . The Trust aims lo promote Ihe Independence and per50nal 08veloprnenl of the childrèn withln our care whilst also developing their social skills. The charfty conlrlbule$ towards preparlng our charges for th8 OPPOrtunlllès, sponsibililies and 8xperlence of later lila. An explangtlon of the charlty's maln objecllves for the year. The Trusts oblecllves durlng the year w8re as follows.. To increase childcare places, whilst still providing a high level of service. To develop our links with local schools. To provide ever improvlng Irainlng for our Elaff and so providè an evèn better seNlee lo the local community. To increase the amount of fundralsing aclivitl8s in the community, and Increase the funds generated by these new and existing aclivilies.
GLENULLIN CHILDCARE TRUST The report of the trustees for the ear ended 31 Dècombor 2022 An explanation of the charlty s strategies for achieving ils stated objectives. Durlng Ihls cllm8le of re(JuGed government fundingt the Trust needs to sland on ils own IWO feel, lo continue lo achieve the charily's objecliv¢s Ihe following slralegies have been identified.. Short term, the answer has been lo rely on the support ol volunleers in tho communlly, re- arranglng Ilmè ID share the workload and reduce admlni51ratlon Ilme, OngoSng fundraising remalns essential os Ihg reducllon in government funding Gonllnues. Senior staff with 8ssis51ance from the voluntary committee need to GonlSnue to work lo increase this throughout the year. Slruclured payment schémes are In place wilh discounls lor payment by direGI dobil, attempting lo reduca thè adminislralion burdèn of having lo pursue parents and guardians lor oulslandlng accounts. Schemes remaln in place lo encourage families lo source all Ihelr chlldcare from the Trust, nol only benefiting from our quallty ¢hlldcBre, but also recelving a dlscounl for Ihelr so¢ond and subsequ8nl chlldrèn ol Sb/¢. Due lo an increase sn expenditure Ilnked wllh the Increased national living wage and cost ol living crisis a further increase in lee3 need5 to be Gonsider8d.11 is ¢ssential flnanees are contlnuod lo be revlew8d on a regular basis by Ihg ¢ommlllg8 8nd rgmaSn a slandlng item on the agenda of General meelingg. Dgtalls of slgnlflcant actlvltles (Includlng Its maln programmes, projects, or s•rvlc•s provld•d) that contrlbut• to th• achl•vemont of the slat•d objoctlves. The Trust's main seNice Is Ihe provision ol childcare lo the lownland8 Of Glenullin. Agh8dowey, 8allorln and hlril8rl8nd8 of Garvagh, Swalragh and Kllr88. The Trust complies wllh all employment legSslallon, pays adequate solari?s lo staff, and provid8s opportunities for ongoing training in order lo acknowledge tho responslblè and skilled nature of the work wllh cttildren and lo protect the rfgh18 of employees, We ensure that each staff m8mb8r will be trained lo a minlmum ol Nva10vel 3, 8nd are registerèd under the Childmindlng and Day Care Registration Childrèrb INI) Order 1995 wllh all th81 that enlalls. Each chlld Is allocated a named carer. SupervSsion will b8 In the rBlios as follows.. 1.,3 for 0-2 year old$, Ino less than 2 staff al any limel 1..5 for 2-3 year olds. Ino less than 2 stall al any limel 1..8 for 3-4 year olds. Ino less than 2 slafl al any Ilmel 1:10 for 4-11 year olds. Ino1855 than 2 staff 81 any limel Summer time theme aclivilies, including external trips are also provided. These are also supervised in the ratio 1..5. Ino less than 2 staff al any limel The contrlbutlon of volunteers Whilst not a signlflcant e18m8nl of the care staff, il Is acknO%edged that wilhoul the large number of unpaid hours contributed willingly by Trustèes in admSnislr81ive roles the eharlly could lust not operate. Also the support of parents and the cornmunily in fund raising makes a large conlribullon lo the success of the Trust. The Glenullin Childcare Trust wishes to thank all volunteers and supporters for Ihelr Invaluable efforts. and trust that we can rely upon them in Ibe future.
GLENULLIN CHILDCARE TRUST The report of tho trust8ès for the èar ended 310ècembèr 2022 Achlevoments and Performance of the Charlty A revlew of charltable 8ctlvltles undertal(en by the charl(y The charitable aclivlli&s undertaken by Ihe Tru51 lake th& form of subsld151ng the cost ol the childcare charged lo the parenls. Addilion81 support and guidance 58 provlded lo parents as Ihey requlrelt. Fundralslng actlvltles Whilst the Trust relies on grant aid from the donor3 idenllfled in the accounts, whosè support Is valu8d. there Is still scope lo further Increasg lundr818lng 8cllville8. Thos• undertaken in the 2022 year include th8 lolltsws.. 2022 2021 2020 Bag Packing Sm8rt1es Tube Cottecllon Photographer Commission Clothes Bank DlscolFun Day Raffl85 Run a Mlle 60 630 630 230 Fa¢tors relevanl to the achlevom•nt of th• charlty s objectlves Factors affecllng the abllity of tho Trust to 8chiov8 ils oblgcllv•8 are 88 follows.. Effect of the economy on the price we can afford lo ¢hargo for our seryicas. Compelillon Mrylh the local mark&t for ChSldcare Provision. Raducèd availabllily of childcara c081s b&lng paid by thè govornmenl. Ever increasing Gosl of expenses and ovorheads. Our m8ln objective 59 lo provlde 8 quallty childcare sèrvSe& for those In our communlty whtr need11. In 2022, evan as we have continued lo navlgttle our way out of the pandemlc the 88faly of our children and fam118$ r&maln6d paramount. Employment ofdlsabledpersons Ongoing consullalions are being c8rried out with Egrly Years lo fomulale a disabled workers policy. 8ul as yel no policy for disabled workers is in place, Structurè, Governance and Management Nature of the Governlng Document and Constltution ol the charlty The Trust is a comp8ny Ilmlied by guarantee and as such is governecl by Ils memorandum and articles of assDcialion.
GLENULLIN CHILDCARE TRUST The re ort of tho tTUStees for tho ear 6ndod 31 Docembor 2022 Tho methods adopted ftir the recrultment and gppolnfmont of new trustees When new InJsl2es are required, USLtally Ihrouoh vacAnclo6 occuring, the 8xlslSng Iruslo88 ¢J8cide wh815ki115, 8Kperience and knowlèdge is required, Taking ¢8re lo cornply wilh Èny Specific roquSremBnls sel oul In the 9overnlng document5. The posllion is then advertlsed within Ihe18cilily and local church bull6lin9. Fll Person gs5e5smenls 88 requlred are carrl8d out by So¢lal Servlces. C8ndldales are fonn8lly appolnied al th8 AGM. The pollcles andprocedures adopted lor the Inductlon and tralnlng of trusteos. New Irus18es are inlroduG8d lo the othèr Irusle&s and key members of staff so that they can 9018 better understanding of the oro8nls8llon, and Iha chollengos il laces. The Irusl8es are glven an induction p8ck outlining the background of Ihe organis81ion, job roles and responsibilities elc, the pack Includes such Ihlngs as a copy ol staff lerms and condlllons, flnance manual and copy of memorandum antj 8rtlclas, An 89sessmenl of tho sklll provlded by the liuJle•s and any Iralnlng rèqulred by them Is Identified and then a plan Is pul In p18GO lo enable Ihe trus1&8 lo acqulre those skllls n8eded lo better fill thelr r8sponslblllllo8. M¢nlortng of dlrettors Is c8rrled out by th8 Communlly Buslnass Advlyor from worksp8Ce In Drapèrslown. The org•nlsatlonal structure of the charlty and how declslons are made. Koy decisions aro the rernS1 ol the board of Irusle$s, so they can best guide the future ol th8 Trust. Less important declslon8 may be delegated lo sub commll?08 $el up for 8peclfl¢ purposes, Routine day lo day declsions are th6 responslbllily of key employees as per Ihelr conlTacI of employment. Relatlonshlps b•twéen th• charlty and related partlos, Includlng its subsldlarl•s The only transactions w51h relalad parties is disclosed Sn the notes lo the accounts, Ihls Is a loan from th8 Iroasurer Patricia Mullan whSch Is now repald in full. The Trust has no subsSdiari05
GLENULLIN CHILDCARE TRUST Th8 report of the truste8S for the ear ended 31 December 2022 The major risks to whlch the charity Is exposod and revlews and syst@ms to mitigate risks The Iruslees lake Ihe issue of risk marnagernenl very seriously. The major ri5k5 to th8 charity are '. The lermlnalion ol funding Is 8 Ihreal. The Slruglo Is gettlng new famllie 810 lako up our servlce5, ellher due lo Gompellllon or Pricg rises that may bg forced upon the Trust. Th8 Truslges feel that the charity is well 9slabll$h9d In tho community wllh a rècord ol achlavamenl Ihal will sland il in good stead In thè current financlal cllmale. Any pressures that the Trust woul(J b8 exp6rlenclng Is likely tts have a similar or greater effect on our compel5150n. Of algssgr degree ol risk are factors like fellure lo ¢omply wilh18gal requirements. Close allenllon is given lo these mallers, bul ills possible, how8ver remote lo have the child care facllily Closed down If there ar8 laillngs in th8 ratso ol staff lo chlldren. Very close attenllon and control 1$ placed on Ihese legal factors. Risks such as change in demogr8phlcs. are unlikely lo hav8 an immedlale affect and would allow $uffleonl limo to 8dapl11 they were ID occur. Fundraislng is not a significant 8lemènl ol Sncome and has been su¢8$$fully Increased this y8ar. More onus is lo be pl8ced on Ihls by 88nior stall Ingle8d of relying on the voluntary commlllee. RSsk rnanagemenl Is 8 dyn8mlc process and 80 needs and gels the board's con81gnl attention. 11 Is lell that with the broad bas0 ol experlenc& the Irusleeg have, they are capable of 518erlng the Trust Ihrough these dlfficull Ilmos. Flnanclal RovS&w Pollcles on r•serves The Iru51e8s having reconsidered the ptssilion of the trust now feel that an unre81ricled r¢$oNo of £90,000 ig now requId bearlng In mlnd th8 conllicllng factors that charSty law requires any Sncome rec8ived by a charlty lo be spent wilhln a re8sonable period of r$ceipl, and for the trust lo have a comfortable bulfer lor 118 normal trading. As thè roseNe8 of the Reserves of tha company arè now £107, 767 which continue lo exceed the largel how8ver a decroaso 01 £10.016 oocurr&d this year. With increasing expandilure11 Is vital finances are reviewed on a r8gular basls throughout the year. The res8rv8 policy Is monitored during th6 year. and if necè558ry revl8wed due lo ch8nging needs and circumsian¢es.
GLENULLIN CHILDGARE TRUST Thè rèport of the trusteès for thg ear endgd 31 D&cambèr 2022 Princlpal funding sotsrce5 and how expendllure In the year under revlew hss supported the key objectlves of the charlty. The prinripal sour¢e5 01 funding 8re Activities for generating funds Ihls Is Income derfvad Irom chlld care aclivlllos . Th15 has incrgasod from £206.316 in 2021 10 £227,221 in 2022. This Is os a direct elfgcl of easing of COVID re8lriclion8 and relurnlng lo o more norm81 servlc8 provlson. Voluntary Incom& is derived from other bodi&s The Iruslee8 would Ilke lo lake Ihls opportunity lo thank Early Years, EA-NE-REGIO, Department far Communllles 8nd HM Revenue & Customs. Many thanks for your generous granl-aicl towards th& capital spend gnd operalSng costs of tho Trust, wilhoul whose support W8 would not sllll be oporallng. Income dLtring the yo8r has beèn used lo cover the support ¢osl of the Trust as per tha Profil & Loss Ac¢ount. The Investment pollcy and objectlves, Includlng the extent (If any) to whlch speelal, envlronmental or ethlcal conslderatlons are t8ken Into ac¢ount. The Trust has no significant funds lo Invest and as 8u¢h elhlc81 conslderalions are seen a5 a mool point. Avallabiiity and adequaoy of assets of each of the funds The board of Injslees Is $8ll$fi8d that the Trust's as3818 In 8a¢h fund aro avallable and ad8quale lo fulfil ils obligallons In respect of each fund. rransactlons and Fln8nGlal posltlon The financial stat8m8nts ar8 $91 out on p8gès 14 10 23. The financlal slal8menls have begn prepared Implementlng the 2005 Revlslon of the Slalemgnl of Recommended Practice for Accounting and Reportlng by Charitiès Issued by thè Charity Commisslon for England and Wales Irevlsed In June 20081 and In accordance wSlh th8 Financial Reporting Standard for Smaller Enlllie$18ff8clive April 20081. A5 s181od In thè Introduction lo this report. the Trustees consider the financi81 perfom8nce by the charity during th6 year lo have boen salisfa¢lory. Th6 Slalemenl of Financial Activities show nel oulgoinglin¢omSng resources for thè year of a revenue nature of-£10,016 Iprior year £11,640) and net realised oulgoinglincoming resource5 of a capilal nature of £ O, (prior ygar £ 01. making nel overall roalised incominglouigoing resources of-£ 10,016 (prior y8ar £11,640). The lolal reservès at the year end after accounting for unreallsed losses afler revaluing investmenls of £ O (pnor year £ O), stsnd at £107,767 (prior year £117,783). Fre8 unr&slricted liquid resery8s amounted to £107,767lprSor year £117,783).
GLENULLIN CHILDCARE TRUST The report of the trustees for the ear ended 31 December 2022 Spe¢lflc changes In fixed assets Ch8nges in fixed assets are shown In delall in the notes lo Iho accounls. Thèro have bÈen only a small increasè In fixèd ossel8. Share Capltal The comrjany Is Ilmiled by gu8ranlo0 and Ihereforo hÈs no share capllol. Plans for Future Perlod$ Th8 Irusl conllnues lo dedicate 11rn9 and p&rsonnel lo sourcln9 8nd securlng fundlng from 11 available avenues, Fees were increased in Aprll 2023 8nd ongolng revlew ol Ihls is requiréd due lo the further planned Sncrease In nallonal Ilvlng wage And ongolng c051 of Ilvlng CriSi5. The name of the Chlef Exècutlve Offlcer and other senlor staff member(sl to whom day to day management of the Charlty Is delegated by the charlty trustees. Deirdre Maguire - Manager Aine Harkin - Dèputy Manager Cathy Faulkner. Deputy Manager The membars of the Board of Tru8to08 of the Chgrlty durlng tho year endèd 31st December 2022 were :. Raiché81 Mhic Nioc8ill 8riggo O'Kane Mary Kale McLaughlln Orna Young Ciaran M¢Nicholl (gppoinled July 20221 Chalrperson 18ppolnled Octob&r 20221 Treasurer lappoinled July 20221 Secretary {appoinlad November 20211 VSce Chair lappoinled July 20221 Dlreclor AJI ar8 dirèctors of th8 company and also Iru61e8s of the chgrlty, And their re$ponsiblli118S Include all the respon51bililias of directors under the Companle8 Act and ol Iruslees und8r the Charities Act. 10
GLENULLIN CHILDCARE TRUST The report of th8 trustèès Committee MembeTS for the yèar endèd 31 D8C8mbor 2022 There were no Commillee Members this year other than Ih05e Seven Ilsled above Non CommS11•• Memb•r8 Thera ware no Non Commlllèè M8mb*rs this year The member8 of thg Board of Tru8teo8 of tho Charlty at the date th• report and accounts were approved were',- Raichéal Mhlc Nlocalll Briage O'Kane Mary K81& McLaughlln Chairperson Trga8ur8r Secretary Bankers Dansk8 Bank Main Slreol KilreA Col8rain Sollcltor8 Francis J INlne & Company IncorporalSng Francls J McNlcholl Solicllor8 42 Dublin Road 8ellasl BT2 7HN Indepondont Examlner J A S Campbell Accountant 49 Managhgr Road Aghadowey Col8r8inè BT5140E
GLENULLIN CHILDCARE TRUST The report of the trustees for the ear ended 31 Dacember 2022 Statemont of Dlrectors, and Trusttes, Responslblllllos Th8 Charities Act Bnd Ihè Companl8s Act r6quir9 Ihe 808rd ol Tru51e8s lo prepare fin8n¢l81 slalpmenls for gach financial year which givg a true Bnd loir vlew ol the slate ol 011oirg ol th6 harily as al Ihg end DI the financial y8ar and ol tha surplus or d91icli of Ihè charlly, In preparing those financial 51alemenls Ihè Board Is requlred lo select suli&ble aceountlny pollcSes Bnd then Hpply them conslsl8nlly', make judg$menls and eslimales Ihal are rea8onabl& and prudenl., Bnd prepare the fin8ncial slalernenls on the going concem bas15 unless11 Is nappropriBle lo pr6surne Ihot the charSty wll continue in bu8ln688. stale whelher applicable 8ceounling slandards and 518lemenls ol recommended pracllce hav& b88n followed, $ubjecl to any malorlol dopartures dls¢losod and explalned In Ime flnanGlal slalemenl$', The Truslggs ara also responsiblè for mainl8inin9 adequate accounllng r8cords whlch dlsclose wllh reasonable accuracy al any Ilme Ihg financlal position of the charity and whlch are sufficient lo show and Oxplain the charity's IrBnsaclions and 8nabl8 them lo ensure that Ihe finan¢i81 slaloments cornply wlih th& Companl6s Act 2006 and comply with regulaiion$ made under th• Charities Act. They are also responsible for safeguarding the assets of the chorily 8nd henc& for taking re8son8bl8 stèps for the prevèntion and d818cllon of fraud and other Ia9ularItIos. Tho Trustegs ara also rgsponslble for th8 contents ol tha Tfusl&ès' report, and the responsibllity of the independent 8x8minèr in relation lo the Tru$lees' report is limi18d lo examining the report and ensudng that, on Ihe lace of Ihts report, there are no Inconslsl8ncies wllh the figure8 dlsclosed In thè flnancl81 Slalemonts. M•thod of preparation of account8 These accounts have baen prepared in gccord8ncè wllh thè provlslons applicable lo companie5 subject lo the small Companies regime. Thi8 réport was approvèd by the board of Iruslges cn 17 Sgplembttr 2023. Brfege O'Kane Director and Tnjslee