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 d8veIoprr￿nt 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 chIld￿n 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.
reSPon￿billt1e8 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 knO￿edge 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 backgr￿nd 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 $0 needs and gets the board's conslanl
attentlon. 11 Is fell that with the broad base of experSance the trustees have. they 8r8 capable
of steerlng the Trust through these dlfficult times.
Flnanclal Revlew
Policies on reserves
Thg truslo6s having reconsidered the position of th¢ tru9t now feel that an unrestricted
reserve of £go.000 is now required bearing in mind the h¥0 conflicting factots that charity law
requires any Income received by 8 charity to b8 spent wllhin a reasonable period of receipt,
and for the trust to have a comfortable buffer for Its normal trading. A5 Ihe resèrves of the
Reserves of the company are now £95,156 whlch contlnue to ex￿ed the largel however
decrease of £12,611 occurrgd this year. With increasing expendibjre it is vital finan¢8s are
revlewed on a regular basls throughout the year.
The r•serve poli¢y is rrK*nitored during the year, and if necessary reviewed due to changing
needs and circumstane•$.

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 norn￿1 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 Cons￿eratIOnS 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•*tA*A
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 fIgU￿S 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