Company Registration No NI046314 Charity Registration No NIC 104601
Cloona Child Contact Centre Limited
(A Company Limited by Guarantee)
Trustees' Report and Unaudited Financial Statements
Year Ended 31[st] March 2024
CLOONA CHILD CONTACT CENTRE LIMITED
Contents
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Trustees | 2 to 4 |
| Report of the Independent Examiner | 5 |
| Statement of Financial Affairs | 6 |
| Balance Sheet | 7 |
| Cash Flow Statement | 8 |
| Notes Forming Part of the Financial Statements | 9 to 13 |
| Schedule 1 | 14 |
CLOONA CHILD CONTACT CENTRE LIMITED Page 1
Company Information
Directors
The directors of the charitable company (“the charity”) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the directors.
The directors serving during the year were as follows:
Roisin McKenna Chair Brenda Tighe Denis Cavanagh Lindsay Kerr Megan McCann
Registered office and operating address
124 Stewartstown Road, Belfast BT11 9JQ
Accountants
C D Diamond & Co, 46 Hill Street, Belfast BT1 2LB
Bankers
AIB Bank UK Limited, 35 University Road, Belfast, BT7 1ND
Solicitors
Madden & Finucane, 88, Castle Street, Belfast BT1 1HE
Company Registration No NI046314 Charity Registration No NIC 104601
CLOONA CHILD CONTACT CENTRE LIMITED Page 2
Report of the Trustees for the Year Ended 31[st] March 2024
The directors present their report and the financial statements for the year ended 31[st] March 2024. The information with respect to directors and advisors is set out on page 1 forms part of this report. They have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities (FRS 102) in preparing the report and financial statements of the charity.
Trustees of the Charity
The directors of the charitable company are trustees for the purposes of charity law. The terms "director" and "Trustee" are used interchangeably throughout the financial statements. The trustees who served the year are set out on page1.
STRUCTURE GOVERNANCE AND MANAGEMENT
Governing Document
Cloona Child Contact Centre Ltd is a company limited by guarantee and does not have a share capital. It governed by its Memorandum and Articles of Association. It is registered as a charity with H M Revenue & Customs.
The manager of the company carries out the day-to-day management of the company and is delegated authority for operational matters including finance and staffing. The directors manage all other business decisions and meet on a monthly basis.
Activities
The company is a charity existing to create a safe supportive environment where separated or separating families can meet to maintain contact, discuss their difficulties and sustain family relationships
Results
The net incoming resources for the year amounted to £419 all of which are attributed to general reserves, which now stand at £15,902.
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Risk review
The directors have conducted its own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Significant external risks to funding have led to the development of a strategic plan, which will allow for the diversification of funding and activities. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.
Taxation Status
The company is recognised as a charity by H M Revenue and Customs. Accordingly the company has availed of the exemptions contained in Section 505 Income and Corporation Taxes Act 1988 and Section 256 Taxation of Chargeable Gains Act 1992.
Responsibilities of the directors
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements the directors should follow best practice and:
-
select suitable accounting policies and then apply them consistently
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make judgements that are reasonable and prudent and
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prepare the financial statements on the going concern basis.
The directors are responsible for maintaining proper accounting records which disclose with reasonable accuracy the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Reserves policy
The trustees have established the level of reserves which the charity ought to have. Reserves are needed to bridge the gap between spending on its activities and receipts from granting organisations. Reserves
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are also needed to sustain operations and meet contractual obligations over the period when funding may not be forthcoming.
Directors
The directors, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.
The directors of the company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31[st] March 2024 was 5 (2023- 5).
Statement of Disclosure of Information to the Reporting Accountant
In so far as the directors, who held office at the date of approval of these financial statements, are aware
There is no relevant information of which the company's accountant is unaware
The directors have taken all relevant steps that they ought to have taken to make themselves aware
of any relevant information and to establish that the accountant is aware of that information.
Accountants
C D Diamond & Co were appointed as the company’s accountants during the year and have expressed their willingness to continue in that capacity.
This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities and in accordance with the special provisions of the Companies Act 2006 relating to small entities.
Approved by the directors on 26th September 2024 and signed on its behalf by:
Denis Cavanagh Hon Treasurer
CLOONA CHILD CONTACT CENTRE LIMITED Page 5
Report of the Independent examiner To the Trustees of Cloona Child Contact Centre Limited
We report on the accounts of the charity for the year ended 31[st] March 2024, which are set out on pages 6 to 14.
Respective Responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 65(2) of the Charities Act (Northern Ireland) 2008 (the Charities Act) and that an independent examination is required.
It is our responsibility to:
a) Examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.
b) 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.
c) To state whether particular matters have come to our attention.
Basis of Independent Examiner’s Report
We have examined the accounts as required under section 65 of the Charities Act and in accordance with the general directions given by the Charities Commission for Northern Ireland. Our examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items 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 required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the next statement.
Independent Examiner’s statement
In connection with our examination, no matter has come to our attention:
- Which gives us reasonable cause to believe that in any material respect the requirements:
a) To keep accounting records in accordance with section 63 of the Charities Act and section 44(1)(a) of the 2005 Act and regulation 4 of the 2006 Accounts Regulations, and b) To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2008 and section 44(1)(b) of the 2005 Act and Regulation 9 of the 2006 Regulations have not been met, or
- To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
…........................................................................
C.D Diamond & Co
Chartered Accountants & Registered Auditors 46 Hill Street Belfast BT1 2LB
26th September 2024
CLOONA CHILD CONTACT CENTRE LIMITED
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Statement of Financial Activities (including Income and Expenditure Account) for the Year Ended 31st March 2024
| Unrestricted Restricted Funds Funds Notes £ £ Incoming resources Donations & Generated Income 2 1,216 - Activities to further the charity's - - objects: Grants and contracts for advice and information, outreach work and training project 3 40,547 Investment income and interest - - Total incoming resources 41,763 - Resources expended Charitable expenditure Advice and information 30,150 Management and administration 11,194 Total resources expended 4 41,344 - Net incoming resources - Net income for the year 5 419 - Net movement in funds 419 - Total funds at 1st April 2023 15,483 - Total funds at 31st March 2024 15,902 - |
Total Funds 2024 2023 £ £ 1,216 1,907 - - 40,547 39,161 - - 41,763 41,068 30,150 30,631 11,194 10,140 41,344 40,771 419 297 419 297 15,483 15,186 15,902 15,483 |
|---|---|
CLOONA CHILD CONTACT CENTRE LIMITED
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Balance Sheet as at 31st March 2024
| Fixed assets Current assets Bank Accounts Debtors Cash on Hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Represented by Unrestricted funds Restricted funds Capital Reserve |
2024 £ £ 1,106 16,323 - 16,323 1,527 14,796 15,902 15,902 - - 15,902 |
2023 £ £ 1,475 12,519 3,140 15,659 1,651 14,008 15,483 15,483 - - 15,483 |
|---|---|---|
For the financial Year Ended 31st March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year ended 31st March 2024 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements on pages 6 to 14 were approved by the board of directors on 26th September 2024 and signed on its behalf by
Director
Director
CLOONA CHILD CONTACT CENTRE LIMITED
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Cash Flow Statement for the Year Ended 31st March 2024
| Operating Surplus Fixed assets Additions Depreciation of fixed assets Decrease in Debtors Decrease in creditors Net cash outflow from operating activities Interest received Purchase of fixed assets Capital grant received Decrease in Bank Balances Opening Bank Balance Closing Bank Balance |
£ 2024 419 - 369 3,140 124 - 3,804 - 3,804 - - 3,804 3,804 12,519 16,323 |
£ 2023 297 735 - 492 3,140 - 33 3,053 - - 3,053 - - - 3,053 - 3,053 - 15,572 12,519 |
|---|---|---|
CLOONA CHILD CONTACT CENTRE LIMITED
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Notes to the Financial Statements for the Year Ended 31st March 2024
General Information and basis of Preparation
Cloona Child Care Centre Limited is a company limited by guarantee and not having a share capital and is registered in Northern Ireland. The address of the registered office of the company is given on page 1 of these financial statements.
The company was established under a Memorandum of Association which established its objects and powers and is governed by its Articles of Association
The charitable company constitutes a public benefit entity as defined by FRS 102.
Statement of Compliance
The financial statements have been prepared on the going concern basis under the historical cost convention and in accordance with applicable accounting standards. Statement of Recommended Practice "Accounting and Reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) The Charities Legislation of Northern Ireland, Companies Act 2006 and the UK Generally Accepted Practices as it applies from January 2015
The charitable company adopted SORP (FRS 102) in the current year and an explanation as to how transition to SORP is included in the notes below.
Tangible fixed assets and depreciation
The cost of tangible fixed assets is their purchase cost together with any incidential costs of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets less their estimated residual values on a straight line basis over their expected useful economic lives
Incoming Resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled the income and the amount can be reasonably quantified.
Voluntary Income and Fundraising
Voluntary income and fundraising income is credited to revenue on a receivable basis.
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Grants
Revenue grants are credited to incoming resources on the earlier date of when they are received or receivable unless they relate to a specified future period.
Capital grants are credited to restricted incoming resources when receivable, transferred to designated funds upon receipt and released to general funds over their estimated useful lives.
Incoming resources from charitable activities
Income is included in the Statement of Financial Activities when received
Deferred income
Income from certain events has been deferred as those events will not occur before the year end
Resources expended
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs under that category. When costs cannot be directly attributed to particular headings they are allocated on a consistent and appropriate basis.
Costs of generating voluntary income
These comprise costs incurred in generation voluntary income on an accruals basis.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes directly allocated costs and those indirect costs needed to supply those services. Support costs are allocated relevant to the income received.
Value Added Tax
The company is not VAT registered thus expenditure is shown gross of VAT
Governance
Governance costs reflect those incurred in the governance of assets associated with constitutional and statutory requirements
Fund accounting
The charity has various funds for which it is responsible and which require separate disclosure as follows
Unrestricted funds
Funds which are expendable at the trustees discretion including capital investment and working capital
Restricted funds
Funds to be used for donor specified purposes against which appropriate expenditure and fairly allocated overheads are charged.
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| 2 | Donations | ||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Unrestricted | Restricted | Total | |||
| £ | £ | £ | £ | ||
| General Income | 1,216 | - | 1,216 | 1,907 |
3 Incoming resources from activities to further the charity's objects
| Advice and information | 2024 2023 Unrestricted Restricted Total £ £ £ 40,547 40,547 39,161 |
|---|---|
| 40,547 - 40,547 39,161 |
4 Total resources expended
( See schedule 1)
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5 Net incoming resources for the year
This is stated after charging:
2024 2023 £ £ Depreciation 369 492 Staff costs and numbers Staff costs were as follows: 2024 2023 £ £ Salaries and wages 22,286 23,151 22,286 23,151
6 Staff costs and numbers
The average weekly number of employees during the year, calculated on the basis of full time equivalents, was as follows: 1.
7 Taxation
The company is exempt from corporation tax on its charitable activities.
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8 Creditors: amounts falling due within one year
| Creditors and accruals Bank overdraft |
2024 2023 £ £ 1,527 1,651 - - 1,527 1,651 |
|---|---|
9 Deferred Income
Deferred income reflects income received during the year in respect of expenditure to be incurred in future accounting periods. The amount deferred at 31st March 2 2023 - Nil (2022 - nil)
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SCHEDULE 1 - EXPENDITURE
| Salaries & Wages Supervision costs Consumables Training Sessional Payments Rent, Rates & Power Insurance Telephone & IT Postage,Stationery & Advertising Contact Services Rent Play Equipment Professional Fees Bank Fees Membership Fees Miscellaneous Expenses Rescources and Equipment Depreciation |
2024 £ 22,286 - - 1,617 7,864 2,744 519 382 555 2,210 61 733 151 30 450 1,373 369 41,344 |
2023 £ 23,151 - - 1,734 7,480 1,566 593 412 307 2,580 - 803 225 395 38 995 492 40,771 |
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