Registered number N1049041 Charity number NIC 103889 GLENULLIN CHILDCARE TRUST (A company Ilmlted by guarantee) Report and Unaudlted Accounts for the year ended 31 December 2023 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 Balance Sheet 16 Notes to the Accounts 17-21
GLENULLIN CHILDCARE TRUST Company Infomiation Chairperson Raichéal Mhic Niocaill (appointed July 2022) Secretary Mark Kate McLaughlin (appointed July 2022) Treasurer Briege O'Kane (appointed October 2022) Regbstered offiGe 39 Tirkeeran Road Garvagh Coleraine BT515AX Legal Status The Glenullin Childcare Trust is. a company limited by guarantee which was fomied in 2004 to provide chiklcare facilities in the interests of the local community. It is registered with the Inland Revenue as a charity for tax purposes. Accountants J A S Campbell & Co., 49 Managher Road Aghadowey Coleraine BT514DE Bankers Danske Bank Main Stro8t Kilrea Coleraine BT515QS Registered number N1049041 Charities Commission Number NIC 103889
GLENULLIN CHILDCARE TRUST The re ort of the trustees for the ear ended 31 December 2023 Introductlon The trustees present their annual report and accounts for the year ended 3131 December 2023. The board of truste03 are satisfied with the p8rfomiance of the charity during the year and the position al 31st December 2023. considering the increased financial burden placed upon the organisation by the new requirements of government for 8 further increase to the living wage and workplace pension$.alongside the increased cost of living. they consider that the charity is in a strong position to continue ils activities during the coming year and that the charity's assets are adequate lo fulfil its obligations. Name, reglstered offlco and constltutlon of the charlty The legal registration delails are :. Dale of inco$ratIon Comp8ny R8gistralion Number The Registered Office is 1511212003 N1049041 39 Tirkeenan Road Garvagh NIC 103889 028 295 57913 Chari118s Commission Numbèr The 1818phon8 number is Objectlves and Acllvltie• of tho Charlty A summary of the obiKts of th charity as sot out in its governing documenL In setting our objectives and planning our activities our governors have given careful consideration lo the Charity Commission's general guidance on public benefit and in particular to Its supplemèntary publlc bènefll guidanc6 on advancing education and on fee charging. The oblecls of Glenullln Chlldcare Trust Is to provlde a quallty chlldc8re serylce for ¢hlldr6n aged 6 weeks to 11 years. We endeavour to promote independ8nGe. devek>p soclal skllls and pgrsonal d8veIoprrnt In Structured and flexible way. I this within a safe, warm envirornent where children's physical, emotional and soclal developmonl Is paramount. It is the policy of Glenullin Childcaro Trust to prot&¢l and foster th? dignlty of Ghildren by ensuring that staff treat each chlld as an indlvldual, valuing Ihèlr unique attributes and qualities. Policles lo énsure the childrens safety and welfare are In place, dlstributed to all and are stictly adhered to. Th8se policies Include such matter8 88 dlverso as . Vètting all Indlvldua15 who come Into conlacl wlth the chlldren. Equal Opportunities Policigs. Additional Noed Policies Medi¢al Emergency Procedure. Social Networking, E-safety and mobile phone policies, Security of this Setting. Collection Policy. Social Distancing and Covid-19. The Trust recognises the importance of working in partnership with parentsl¢arers lo promole the best interests of children and that parents play a key role in the education of their children. The group will work in partnership with and support parents in this role.
GLENULLIN CHILDCARE TRUST The report of the trustees for the ear ended 31 December 2023 Publk benefit that is pmvlded by the charlty The public benefit provided by the Trust starts with the childcare provided to the children. providing quality childcare from qualified child care providers and looking after their health and well being on a daily basis. Following on from this, growing the child's potential during their lime under our care and directing their rSOnal and social development. Providing a reliable and cost effectiv8 service to the parents, taking a¢¢ount of safety, educational and nutritional issues. Providing support and guidance to the parents. not only about their chIldn bul also on tax and benefit matters. also acting as a meeting place for those parents. Radiating out from hera lo the community at large. providing local facilities that keep the community t(KJ8ther. Therefore people don't have to leave the area to gel these b8nefils in larger towns and cities leading lo the slow dedine of the area. Providing local employment and training both full tim8 I part time. vduntary or paid. Cfrordinaling with local schools and facilities, to Ihe benefit of all parties. Ultimately lo lum out well developed youth who will be of benefit to the whol& of the Community. A lot of these goals are qualitative and longlemi. and thu5 hard lo measure. As a baslc Indicator though in 2022 had 84 children from 1IXt familys and in 2023 we had 84 children from 74 familys. Others more quantitative like numbers of hours childcaTe provided, and numbers of local staff employed are detailed b&low: 2023 2022 2021 Total hours childcare providod No of staff membérs living within catchment area No of Students in the year Hours provided in Baby Room {6weeks - 2years) Hours provlded In Toddler Room {2y8ars} Hours provlded In Middle Room13years) Hours provided in Pre School Room Hour5 provided In After School Room 59406 56793 NIA 13080 14645 6440 12661 12580 11640 13580 7368 11305 12900 NIA NIA NIA NIA NIA NIA Infom)allon not avallable due to18ck of staff due to Matemlty leaver. The charlty* alms Includlng tho changes or dlfferences It seeks to make through its activities . The Trust 8Sms to promotè thg indepandance and personal dovelopment of tho chlldren withln our care whilst also developing Ihelr soclal skills. The charlty conlribules toward5 preparlng our charges for the opportunllles. reSPonbillt1e8 and experience of laler lrfe. An oxplanatlon of the charfty s main objectives for the year. The Trusts objectives during the year were as follows., To increase childGare places. whilst still providing a high level of service. To develop our link5 Wlth local schools. To provide ever improving training for our staff and so provide an even better service to the local mMunIty. To increase the amount of fundraising activities in the communrty, and increase the funds generated by these new and existing activities.
GLENULLIN CHILDCARE TRUST The report of the trustees ear ended 31 Decomber 2023 An explanation of the charity s strateqi•s ft>r achieving its stated objectives. During this climate of reduced government funding, the Trust needs to stand on its own two feet. to continue to achieve the charity's objectives the following strategies have been identified- for the Short temi, the answer has been to rely on the support of volunteeT5 in the community, r arranging time to share the workload and reducé administration tim8. Ongoing fundraising remains essential as the reduction in government funding continues. Senior staff with assisstance from the voluntary committee need to continue to work to increa58 this throughout the year. Structured payment schemes are in place with discounts for payment by direct debit, attempling lo reduce the administration burden of having lo pursue parents and guardians for outstanding accounls. Schemes remain in place lo encourag& famllies lo source all their chIldca from the Trust. not only b&nefiling from our quality childcare. bul also receiving a discount for their second and subsequ8nt children of 5%. Du6 lo an Increase in expendlture Ilnked with the In¢reased national living wage and cost of living crisis a further incr8a5e in fees needs lo be considered. It 15 8ssenlial finances are continued lo be reviewed on a regular basis by the commi1188 and remain a standing Item on the agenda of G8neral meetings. Detalls of slgnlficant actlvltlos (Includlng Its maln pmgrammos. projects, or servlc•s provlded) that contribute to the achievement of the stated objectlves. The Trusvs maln service is the provision of childcare lo the lownlands of Glenullln, Aghadowey, Ballerin and hlnlerfands of Garvagh, Swalragh and Kllrèa. The Trust complles wllh all employment leglslallon, pays adequate salarles lo staff, and provldes opportunltles for ongoing Iralning in order lo acknowledg6 the responslble and skilled nature of the work with children and to protect Ihg rights of employee5. We ensure that each $tsff member will b& trained lo a mlnimum of NVQ level 3. and are reglstered under the Childmindlng and Day Care Registration Chlldren INI) Order 1995 wllh all Ihal that 8ntails. Each chlld is allocated a named carer. Supervlslon will be In th¢ ratlOS 89 follows., 1..3 for 2 yèar olds. (no less than 2 staff at any timel 1..5 for 2-3 year olds. (no less than 2 staff at any timel 1.8 for 34 year olds. Ino less than 2 staff al any time) 1.. 10 for 4-11 year olds. (no less than 2 staff at any lime} Summer Ilme Iheme aclivltles, including external trips are a150 provided. These aro also supervisad in the ratio 1..5, (no less than 2 staff at any time) The contrlbution of volunteers Whilst not 8 significant element of the car8 Staff, il is acknowledged that without the large number of unpaid hours contributed willingly by Trustees in adminislralive roles the charity could just not operate. Also the support of parents and the communily in fund raising makes a large contribution to the success of the Trust. The Glenullin Childcare Trust wishes to thank 811 volunteers and sUPPOrters for their invaluable efforts, and trust that we can rely upon th8m in Ihe futur8.
GLENULLIN CHILDCARE TRUST The report of the trustees for the ear ended 31 December 2023 Achievements and Performanc8 of the Charity A r•vi•w of Charitable activities undartakèn by tho ¢harity The charitable activities undertaken by the Trust take the form of subsidisin9 the cost of the childcare charged lo the parents. Additional support and guidance is provided to parents as they require it. Fundraising activities Whi151 the Trust relies on grant aid from the donors identified in the accounts, whose support is valued. ther8 Is still scope lo furth8r increase fundraising activities. Those undertaken in the 2023 year include the follows: 2023 2022 2021 Smarties Tube Cottection Clothes 8ank Raffles Sponsored walk Christmas Show Tae in the Pol Nurysery Sumrner Fun Donatlons 50 40 100 1074 650 1475 63 630 230 Factors relevant to the achievement of the charlty'$ objectives Factors 8ffecling tha ability of the Trust to achleve Its objectives are as follows: Effect of the economy on the prlcè we Gan afford to char9e for our services. Competition with the local market for Childcare Provision. Reduced availability of childGare costs being paid by the 9ovemment. Ever increasing cost of expenses and overheads. Our maln objectlve Is lo provide a quality chlldcaffj servlce for those in our communlty who need11. In 2023, even as we have continued lo navigate our way out of the pandemic the safety of our Ghlldren and families remained paramount. Employment of dlsablod persons Ongoing consultations are being carri8d out with Early Years lo formulate a disabled workers policy. Bul as yel no policy for disabled workers is in place. Structure, Governance and Management Nature of the Governing Document and Constitutlon of the charity The Trust is a company limited by guarantee and as such is govemed by its memorandum and artides of assocbalion.
GLENULLIN CHILDCARE TRUST The report of the trustees for the ear ended 31 December 2023 Tha mèthods adoptéd for the recrultment and appointment of new trustees When new tnjstegs are required, usually through vacancies ocujring. the existing tTuslees decide what skills, experience and knOedge is required. Takin9 care to comply with any specffic requirements sel out in the goveming documents. The position is then advértised wthin the facility and Ioc81 church bulletins. Fit Person assessments as required are carried oul by Social Services. Candidate5 are formally appointed at the AGM. The pollcles and procedures adopted for the Inductlon and tralnlng of trustees. New trustees are introduced to the other Iwstees and key members of staff so that they can gel a better undetBtandin9 of the organisatlon. and the challenges it faces. The Iruslees are given an induction pack outlining th8 backgrnd of the organi881ion, icsb roles and r8sponsibililies 8tc, the pack includes such things as a copy of staff terms and wnditions, finance manual and copy of memorandum and artides. An assessment of the skill provided by the trustee$ and any training required by them Is identified and then a plan is pul in place to enable the trustee lo acquire those skills needed to better fill their responsibilities. Mentorlng of dlrectors Is carrled out by the Communlty Bu81nes$ Advlsor from workspace In Dr8perstown. The organlsatlonal structure ol the charlty and how declslons are made. Koy docisions are the remlt of the board of trugte85. $0 they can best gukjg th¢ fvturg of the Trust. Less Important declslons may be delegated to sub ¢ommll6es set up for sp•¢lfic purposes. Routine day lo day decision8 are the r6spon8iblllty of key omployees as per their contract of employment. Relatlonships behveen the Charity and related parties, Including Its subsldlarles The only transaction5 with related parties is disclosed in the noles to the accounts, this is loan from the Ireasurer Patricia Mullan whi¢h is now repaid in full. Th8 Trust has no subsidiaries
GLENULLIN CHILDCARE TRUST The report of the trustees for the ear ended 31 December 2023 The major risks to whlch the charlty Is exposed and revlews and systems to mitigata risks The truslees take the Issue of risk managem8nt very seriously. The major risks to the charity are ', The ternination of funding is a threat. The strugle is gelting new famllle Sto take up our services. either due lo compellllon or price rises thal may be forced upon the Trust. The Trustees feel that the charity is well estsblished in the commurbity with a record of achievement that will stand it in good sl&ad In the current financial climate. Any pressures that th8 Trust would be experiencing Is likely lo have a similar or greater eff&¢t on our competition. Of 8 lesser degree of rlsk are factors like failure to comply with legal raqulremgnls. Close attention is given to these matters, but il Is possible, however remote to have the child care facility closed down if there are failings in the ratio of staff lo children. Very dose attention and control is placed on these legal factors. Risks such as change in demographics, are unlikely lo have an immediate affect and would allow $ufficenl time lo adapt if Ihoy were to occur. More effort has béén placed un Fundraising and h88 bè8n suc8ssfully increased this year. More onus Is to be placed on this by senior 8t8ff Instead of relying on the voluntary mmittee. Risk management Is a dynamic process and $0 needs and gets the board's conslanl attentlon. 11 Is fell that with the broad base of experSance the trustees have. they 8r8 capable of steerlng the Trust through these dlfficult times. Flnanclal Revlew Policies on reserves Thg truslo6s having reconsidered the position of th¢ tru9t now feel that an unrestricted reserve of £go.000 is now required bearing in mind the h¥0 conflicting factots that charity law requires any Income received by 8 charity to b8 spent wllhin a reasonable period of receipt, and for the trust to have a comfortable buffer for Its normal trading. A5 Ihe resèrves of the Reserves of the company are now £95,156 whlch contlnue to exed the largel however decrease of £12,611 occurrgd this year. With increasing expendibjre it is vital finan¢8s are revlewed on a regular basls throughout the year. The r•serve poli¢y is rrK*nitored during the year, and if necessary reviewed due to changing needs and circumstane•$.
GLENULLIN CHILDCARE TRUST The report of th• truste•s for the ear ended 31 December 2023 Prlnclpal fundlng sources and how axpendlture In the year under revlew has supported the key objeGtives of the charity. The principal sources of funding are Activities for generating funds this is income derived from child car8 activities . This has incrgas8d from £227.221 in 2022 to £251,714 in 2023. This is as a direct effect of easing of COVID restrictions and returning to a more norn1 seThicè provison. Voluntary Income is derived from oth8r ly)dles The trustees would like lo take thls opportunity to thank Early Years. EA-NE-REGIO. Departmont for Communities and HM Revenue & Customs. Many thanks for your g8n8rou5 granl-aid towards the capilal spend and operating costs of the Trust. wilhoul whose support we would not still be operating. Income during the year has been used to cover the support cosl of the Trust as per th8 Profrt & Loss Account. The Investment pollcy and objectives, Includlng th• •xt•nt (If any) to which speclal. envlronment•l or ethical considerations arn taken Into accounL The Trust has no significant funds lo invest and 8s such ethical ConseratIOnS are seen as moot point. Avallablllty and adwuacy of assets of ea¢h of the funds The board of trusteès is satisfied that the Tru$Vs assols in each fund are available and adequate lo fulfil ils obligations in respect of each fund. Transactions and Flnanclal posltlon The financial staternen15 are sel out on pages 14 to 23. The financlal slalemenls have been prepared implementing the 2005 Revision of the Statement of Recommended Practice for Accounting ané Reporting by Charities issued by the Charlty Cornmlsslon for England and Wales {revlsed in June 20081 and In accordance wlth the Flnancial Reporting Stsndard for Smaller Entities (effective Aprll 20081. As ststed In the introduction lo this report, the Twslees consider Ihe financial performance by the charlty durfng the year lo have been sallsfactory. The Slalement of FinanGial Activities Show net outgolngllncoming resources for the year of a rovenue nature of-£12.611 (prior year-£10,016} and nel realised oulgoinglincoming resources of a capital nature of £ Q, (prior year £ 01, making net overall reali5ed inGomingloutgolng resources of -£ 12.611 (prior year -£10.0161. The total reserves al the year ènd after aGGounting for unrealised losses after revaluing investments of £ O (prior year £ O), stand al £95.156 (prior year £107,767). Free unrestricted liquid reserves amounted to £95,156(prior year £107.7671.
GLENULLIN CHILDCARE TRUST The report of the tru8te•s for the ear ended 31 DeG¢mber 2023 Specific changes in fixed assets Changes in fixed assets are shown in detail in thé notes to the accounts. There have been only a small increase in fixed assets. Share Capital The company is limited by guarantee and therefore has no share capital. Plans for Future Periods The trust continues to dedicate lime and personnel to sourcing and securing funding from all available avenues. Fees were increased in April 2023 arKI ongoing review of this is required du8 lo the further planned increase in national living wage and on90ing cost of living crisis. The name ol the Chlef Executlvé Offlcer and other 8enlor staff member(sl to whom day to day management of the charity is delegated by thA c.haritv tri•tAA Deirdre Maguife - Manag8r Emily Cochrane- Deputy Manager Cathy Faulkner- Deputy Manager The members of the Board of Tru8tee8 of the Charlty durlng the year ended 31st December 2027 1"-"- . Raich081 Mhic Niocalll Briege O'K8ne Mary Kale McLaughlln Matthew Godwin Jill Black Susanna M¢llvar Clara G¢Jdwin Oma Young Ciaran McNicholl (appolnted July 20221 (appointed October 2022) (appointed July 20221 (appointed October 2023) (appointed October 2023) (appointed Oclobor 20231 lappoinled October 2023) (Resigned October 20231 (Resigned October 20231 Chairperson Treasurer Secretary Vlce Chalr Director Director Director Director All are diraclors of the company and also Iruslees of the charity, and Ihair responsibilities indude all the responsibilities of diredors under the Companies Acl and of trustees under the Charilles Act. 10
GLENULLIN CHILDCARE TRUST The report of the trustees Committee Mambors for the ear ended 31 December 2023 There were no Committee Membefs this year other than those seven listed above Non Committee Memt>èrs There were no Committee Members this year The members of the Board of Trustees of the Charity at the dale Ihe report and accounts were approved were:. Mallhew Godwin Raichéal MhiG Niocaill Clara Godwin ChaifP8rson Treasurer Secretary Bankers Danske Bank Main Street Kilr¢a Coleraine Sollcltor6 Francls J Irvlne & Company incorporating Francis J McNicholl Soli¢ilor5 42 Dublin Road Belfast 8T2 7HN Independent Examlner J A S Campbell Accountant 49 Managher Road Aghadowey Coleraine BT514DE 11
GLENULLIN CHILDCARE TRUST The report of the trustees for the ear ended 31 December 2023 Statemont of Directors, and Trustees, Responsibiliti•s The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financi81 year which give a tru8 arid fair view ol the slate of affairs of the charity as al the end of the financial year and of the surplus or d8ficit of th8 charbty. In preparing those financial statements the Board is required lo select suitable accounting policies and then apply them consislenlly., make judgements and eslimales that are reasonable and prudent", and prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charity wll continue in business. stste whelh8r applicable accounting standards and slalemenls of recommended practice have been followed. subject lo any material departures disclosed and explained in the financial ststem&nls'. The Trustees are algo responsible for maintaining adequate accounting records which disdose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They ar& also responsible for safeguarding Ihe assets of the ch8rity and hence for taking reasonable steps for Ihe prevention and detection of fraud and other irregularitses. The Trustees are also responsible for the contents of the Trustees. report, and the responsibility of the independent examiner in relation lo the Trustees, report is limited lo examining the report and ansuring that. on the face of the report, there are no inconsistencies with the fIgUS disclosed in the fin8ncial slalèmenls. Method of preparation of accounts Thése a¢¢ounlg havè en prepared in accordan¢& with the provisions applicable lo companies subject to the small companles regime. Thls report was approved by the board of Iwslees on 28 October 2024. Q fnhc KJiOCXi Raichéal Mhic Niocaill Diroctor and Trusta 12