Company regSstered number: N1031453 Charity registered number: NICIO5179 WHITEROCK CHILDRENS CENTRE LTD (Pwivate (offlpany limioed by 8uarnntee without share capltal) IRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 COMPANIE'S HOUSE 21 SEP2m BELFAST •JccipvYw• 2110912023 COMPANIES HOUSE JNI
292
Tony Clarke 53 Andersonstown Road Belfast BTII 9AG
WHITEROCK CHILDRENS CENTRE LTD CONTENTS PAGE Reference and adrninistrative details of the charity, its trustees and advisers Annual Report of the Trustees 24 Independent Examiner Report Statement of Financial Activitie5 Balance Sheet Notes to the Financial Statements 9-15
WHITEROCK CHILDRENS CENTRE LTD {Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Trustees. Annual Report Ilncorporating the Director's Report) STRucfuRE, GOVERNANCE AND MANAGEMENT The charity is controlled by its 8overnin8 document, a Memorandum and Articles of Association, and constitutes a limited company. limited by guarantee. as defined by the Companies Act 2006. The company was incorporated on 21 October 1996 and re8lStered with the Charity Commi55ion for Northern Ireland on 3 May 2016. REFERENCE AND ADMINISTRATIVE DETAILS Whiterock Childrens Centre Ltd (also known as Whiterock Creche Association) Re8lstered Company number N1031453 Re8lstered Charlty number NIC105179 Registered office 91 Whiterock Road Belfast County Antrim BT12 7PG CHAIRPERSON Katheen Laverty TRUSTEES Anette Conlon KevSn Morrlson Kathleen Laverty DIREcfoRS Anette Conlon Kevin Morrison Kathleen Laverty INDEPENDENT EXAMINER Tony Clarke 53 Andersonstown Road Belfast BTII 9AG
WHITEROCK CHILDRENS CENTRE LTD (Private company limited by guarantee without share capltal) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Trustees. Annual Report Ilncorporating the Director's Report) Chairperson's Report The past year has been busy for Whiterock Children's Centre. The increased cost of living crisis, the ongoing wave of mental ill health hitting working class communities in our post covid world, and the absence of a sitting Assernbly in Stormont has meant increased demand and reduced resources. And l am so proud of the team in Whiterock who have, regardless of this, delivered new funding streams, secured long term investments, and increased the programme of work to meet the needs of our children, young people and familles. We continue to strive forward with the ultimate objective of 3 new purpose-built modern building. With the support of the local community, staff, volunteers, our users. and the wei8ht of our political representatives behind us, we remain hopeful that the immediate future will see some positive developments. The local area deserves to see a dynamic change In scenery, with much needed housing and family support services remainin8 on their doorstep. I want to thank our funders for their continued support, and who have been more than accommodating during these challen8in8 times. Their flexibility has made it possible for us to adapt to the needs of our staff and families. I want to thank everyone who has enabled us to be at the plnnacle of family support and childcare In the Greater Belfast area. This team are very much en8ralned within the local community and display utmost professionalism and dedication to their work. I would like to 8ive special praise to our Centre Director Deirdre Walsh, who with her drive and passion has brought us to new and exclting pastures, I must also thank my fellow trustees. It has been a privilege to undertake the position as Chair, but credit must be given to the others whose Sound advice, credible research and onsoing commitment make it possible for us to serve such an impressive staff team. I look forward to seeing what the next year brings for us all. There will be challenging times ahead, but I personally believe, we have the right people on board to get us there.
WHITEROCK CHILDRENS CENTRE LTD IPrivate company limited by 8uarantee without share capltal) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Trustees. Annual Report (Incorporating the Director's Report) (continued) Structure, Governance and Trustees Whiterock Childrens Cetre Ltd which is registered as a charity with the Charity Cornmission for Northern Ireland, was Incorporated as a company limited by guarantee in Northern Ireland, registration number N131453, with the objettive of undertaking charitable activities for the benefit of the Inhabitants of Northern Ireland. Going Concern After making appropraite enquiries, the trustees have a reasonable expectation that the company has adequate resource5 to continue in operational exlstence for the foreseable future. For this reason they continue to adopt the going concern basis in preparing the financial statements, Further details reqarding the adoption of the 8oin8 concern basis can be found in the Accounting Policies. Flnanclal Revlew The results for the year ended 31 March 2023 are set out on pages 7 and 8 of the financial statements. The total income for the year ended 31 March 2023 amounted to £443,57812022'. £437,219). The total expendlture was £448,137 (2022: £431,363) The Trustees consider that the unrestricted funds of the charity is sufficient and adequate to fulfil their obligations. The charity held £95,870 in reserrfes at the year end (2022: £100,913I. Reserves Pollcv The income of the Company is considered adequate and the risks associated with anv significant reduction In income is regarded as unlikely. The Trustees are satisfied with the current level of reserves at the present time. The Trustees are reviewing the Reserves Policy in the current year.
WHITEROCK CHILDRENS CENTRE LTO {Private company limited by gvarantee wiihout share capital) TRUSTEE5' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Trustees, Annual Report {Incorporating the Director's Report) {continued) Trustees, responsibilities statement The Trustees (who are also directors of Whiterock Childrens Centre Ltd for the purposes of cornpany law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard (United Kingdom Generally Accepted Accountin8 Practice) Company law requires the trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the income resources and application of resources, including the income and expenditue of the charitable company for that period. In preparing these financial statement5, the Trustees are required to: select suitable accounting policies and then apply them consistently observe the rnethods and principles In the Charitles SORP; make judgments and accounting estimates that are reasonable and prudent; prepare the financial 5tatement5 on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transaction and disclose with reasonable accuracy at any time the financial position of the charitable company and the enable them to ensure that the financial statements comply with the Companies Act 2016. They 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. This report was approved by the Trustees, on ... .... and signed on behalf by: Katheen Laverty Director
WHITEROCK CHILDRENS CENTRE LTD {Private company limited by 8uarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF WHITEROCK CHILDRENS CENTRE LTD I report on the financial statements of the company for the year ended 31 March 2023 which are set out on pages 7 and 8. This report Is made solely to the company's Trustees, as a body In accordance with section 65(31(a) of the Charities Act Northern Ireland 2008 and regulations made under section 66 of the Act. My work has been undertaken so that I might state to the company's Trustees those rnatters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by13w. I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work of this report. Respective responslbllltles of trustees and examlner As the company's Trustees (and also the directors of the company for the purpose of company law) you are re5pon5ible for the preparation of the financial statements in accordance with the requirments of the Companies Act 2006. Having Satisfied myself that the company is not subjert to audit under company law, and is eligable for Independant examination. It is my responsibility to: examine the accounts under section 65 of the Charities Act • follow the procedures laid down in the general Directions 8lven by the Commission under section 6519)(b) of the Charities Act state whether particular matters have come to my attention. Basis of Independent Examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under sectlon 65(9)Ibl of the Charities Act. My examination Included a review of the accountin8 records kept by the charity and comparison of the accounts presented with those records. It was also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. Independent examinerfs statement My role is to state whether any material matters have corne to my attention glving me cause to believe: That accounting records were not kept in accordance with sectlon 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further information needed for a proper understanding of the accounts to be reached.
WHITEROCK CHILDRENS CENTRE LTD (Private company limited by guarantee wlthout share capital) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF WHITEROCK CHILDRENS CENTRE LTD (Continued) I have completed my examination and have no concerns in respect of the matters (l) to (41 listed on p¥e 5 and, in connection with following the directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Date: 53 Andersonstown Road Belfast BTII 9AG
WHITEROCK CHILORENS CENTRE LTD {Private company limited by guarantee without share capitall TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENOITURE ACCOUNT Year to Unrestf icted Restricted 31-Mar-23 Funds Funds TOTAL Yearto 31-Mar-22 TOTAL Note Incorne from: Donations and Legacies Charitable Activities 26,219 115,113 26,219 417,359 54,437 382,782 302,246 Total Income 141,332 302.246 443.S78 437,219 Expenditure on: Charitable Activities 161,604 286,533 448,137 431,363 Total Expendlture: 161,604 286,533 448.137 431,363 Net Oncome/(expendlture) (20,272) 15,714 (4,558) 5,855 Transfers between funds 7,110 (7,110) Net movement In funds (13,162) 8,603 {4,559) 5,855 Reconclllatlon of Funds Total funds brou8ht forward 190,041 190,041 184,186 Total Funds carrled forward 176.879 8.603 185,481 190,041 The statement of financial activities includes all galns and losses recognlsed in the year. All incoming resources and resources expended derive from continuing activities. The notes on pa8e 9 to 15 form an inte8ral part of these accounts
WHITEROCK CHILDRENS CENTRE LTD {Private cornpany1Srnited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 BALANCE SHEET As at 31 March 2023 2023 2022 Note Flxed Asset5 Tangible Assets 14 81,009 81,009 89,128 89,128 Current Assets Debtors Cash at bank 9,970 109,565 119,535 14,422 156,681 171,103 Liabilitles Creditors., amounts f•lNn8 du• wilhlh ¢rt• y••r IS,063 (63,057) Net Current Assets 104,472 108,046 Total Assets Less Current (Liabilities) Long-term Liabilities Loans Falling due: amounts la111 due than one year 185,481 197,174 11 (7,134) Net assets 185,481 190,041 Funds Restricted Unrestricted 8,603 176,879 190,041 TOTAL FUNDS 12 185.481 190,041 The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The Trustees conslder that the cornpany is entitled to exemptlon from the requirment under the provisions of section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirments of the Companies Act 26 with respect to accounting records and the preparation of financial statements. The financial statements were approved by the board directors on signed on behalf by: and were Kathleen Laverty Director The notes on page 9 to 15 form and integral part of these accounts
WHITEROCK CHILDRENS CENTRE LTD (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE ACCOUNTS l Accounting policies la) Basis of preparatlon of financial statements The financial statements have been prepared in accordance with 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 Republic of Ireland IFRS 102) (effective l January 2015) - (Charities SORP (FRS 102) the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Whlterock Childrens Centre Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised as historical cost or transaction value unless otherwise stated in the relevant accounting policy. (b) General information Whlterock Childrens Centre Ltd is a private company limited by guarantee. The company is incorporated in Northern Ireland and has the company number N1031453 The registered office address and principal place of business is 91 whiterock Road, 8elfast, Northern Ireland. BT12 7PG. The principal activity of the company continues to be operateing within a Social economv Framework for part of our work. WCC are a local employer providing employment for 19 employees In a area of hi8h deprivation WCC is a non profit takin8 or8anisation and 311 profits are re invested in the charitable purposes of the group. The charity beneficiaries of the centre are the children and families who use the centre to return to employment trainin8 or education. Support black and minority ethnic familes through out West Belfast ta enable them to settle into community. The financial statements are presented in Sterling (£), The level of rounding 15 £1. (c) Company status The company is a company limlted by guarantee. The members of the company are the Trustees names on page l. In the event of the company being wound up the liability in respect of the guarantee is limited to £1 per member of the company. Id) Going concern After reviewing the charities forecasts and projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financi31 statements. {e) Income All income is recognised once the company has entitlement to the income. It is probable that the income will be received and the amount of income receivable can be measured rellably. Donated servlces or facilitles are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and the economic benefit can be measured reliably In accordance with the Charities SORP (FRS 102).
WHITEROCK CHILDRENS CENTRE LTD (Private company limited by guarantee without share capltall TRUSTEES, REPORT ANO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE ACCOUNTS {contlnued) (e) Income continued On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would be willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount Is then recognised in expenditure in the perlod of receipt. Income tax recoverable in relation to donation5 received under Glft Aid or deeds of covenant IS recognised at the time of donation. Income tax recoverable in relation to investments income is recognised at the time the investment income is receivable. (l) Expendlture Expenditure is recognised once therels a legal or constructive obligation to transfer economic benefit to a third party. It is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The cost of each activity are made up of the total direct Costs and shared costs, including SUPPOrt costs Involved In undertaklng each actlvlty. Direct costs attributable to single activity are allocated directly to that activity. Shared costs which contrlbute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on the basis consistent with the use of resources. Support costs are those costs incurred directly in support of expenditure on the objects of the cornpany. (gl Tangible fixed assets and depreclatlon A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. Shortfalls between the caring value of the fixed assets and their recoverable amounts are recognised as impairments, impairments losses are recognised in the Statement of financial activities incorporating income and expenditure account. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation if provided at rated calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases,. Equipment Land and Buildings IS% Reducing 8alance 20 year lease term 10
WHITEROCK CHILDRENS CENTRE LTD (Prbvate company Ilmlied by guarantee Wbthout share capital) TRLISTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE ACCOUNTS Icontinued) Ihl Interest receovable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the bank. (i) Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Ul Cash at Bank and In hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three rnonths or less from the date of acquisltlon or opening of the deposit of similar account. (k) Llabilitles and provisions Liabilities are reco8nised when there is an obli8ation at the balance Sheet date as a result of a past event, it is probable that the transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated rellably. Liabilities are recognised at the amount at the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is Material, the provision is based on the present value of these amounts, discounted at the pre-tax discounted rate that reflects the risks specific to the liability. The unwindin8 of the discount is recoginsed within the interest payable and similar char8es. (11 Flnanclal Instruments The company only has financi31 a55ets and financial liabilitles of a kind that qualifie5 as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subseqvently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. (m) Fund accountln8 General funds are unrestricted funds which are available for the use at the discretion of the Trustees in the furtherance of the general objective5 of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with the specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements, 11
WHITEROCK CHILDRENS CENTRE LTO {Private company limited by guarantee without share capltall TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 NOTES TO THE ACCOUNTS {continued) 2 Income from Donatlons and Le acies 2023 2022 Unrestricted Fund5 Restricted Funds TOTAL TOTAL Donations Furlough Other Totals 2023 14,3SI 14,351 13,742 3,262 37,433 54,437 11,868 26,219 11,868 26.219 Totals 2022 51,175 3,262 54,437 3 Income from Charitable Artlvitles 2023 2022 Unrestricted Funds Restrirted Funds TOTAL TOTAL Halifax Foundation BRO/DFC BCC Early Years PHA- Clear BHSCT OFMDFMnEO DFE Surestart Children in Need HSBC Active Communities Network CFNI Childcare Fees British Red Cross Education Authority Ireland Fund Totals 2023 500 29,348 26,263 30,344 3,984 68,991 42,693 1,880 12,221 24,182 11,705 5,625 44,511 500 29,348 26,263 30,344 3,984 63,991 42,693 1,880 12,221 24.182 11,705 5,625 44,511 115.113 4,800 30,481 24,559 29,917 72,559 42,377 12,221 19,390 22,440 14,400 115,113 98,073 3,300 4,000 4,266 382.782 115,113 302,246 417.359 Totals 2022 98,073 284,709 382.782 12
WHITEROCK CHILDRENS CENTRE LTD (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENOEO 31 MARCH 2023 NOTESTO THE ACCOUNTS (CONTINUED) 4 Staff Costs and Numbers 2023 2022 Gross Wa8es and Salaries 328,937 328,937 321,472 321,472 No employee received emoluments of more than £60,00012022.. None) The average monthly nurnber of employees during the year, calculated on the basis of full time equivalents, was as follows: 2023 Number 19 2022 Number 20 5 Ex endlture 2023 2022 Charltable Artivities Unrestrirted Funds Restricted Funds TOTAL TOTAL Wages and salaries Teaching and Training Project costs Childrens catering Insurance & Interpretation Outsourced Finance Llght and Heat M&R and IT Printing, Stationery & Postage Telephone Equipment 8ank charges Cleanlng and Waste Disposal Other Cost5 & Entertainment Consultancy Depreciation Loan Interest Re8istrations and Membership fees Uniform Total 2023 82,528 4,500 12,465 5,669 5,957 6,400 7,067 12,591 2,566 595 246,409 328,937 4,220 8,720 14,474 26,940 5,669 6,657 7,200 21,086 13.591 2,616 2,795 321,472 11,961 28,488 5,133 7,470 3,850 10,384 15,450 939 2,993 2.392 635 3,488 1,933 3,590 8,228 1,863 825 267 431.363 700 800 14,019 1,000 50 2,200 66S 3,095 1,616 4,660 8.119 2,049 51S 544 161,604 665 3,345 2,166 6,520 8,119 2,049 515 544 448,137 250 550 1,860 286,533 Total 2022 145.393 285,970 431.363 13
WHITEROCK CHILDRENS CENTRE LTD (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE ACCOUNTS {CONTINUED) 6 Trustees remuneratlon & expenses During the year, no Trustees received any remuneration12022 - £NIL). During the year, no Trustees received any benefits in kind (2022 - £NIL). Durin8 the year, no Trustees received any reimbursement of expenses12022 - £NIL). 7 Debtors 2023 2022 Grants Receivable Trade debtors Prepayments Total 2023 1,921 7,945 104 9,970 12,467 1,954 14,422 8 Creditors: amounts fallin due wlthln one ear 2023 2022 Accruals & Deferred Income HMRC PAYE & Pension Trade Creditors Other Creditors Loans Total 2023 44,511 6,970 5,589 291 9,183 15,063 1,929 9,648 63,057 9 Inde endent examiner's remuneratiort The independent Examiner's remuneration amounts to an Independent Examination fee of £240 (2022 - £240) 10 Related art transactlon5 There were no related party transactions during the year. 11 Lon -term Liabilities 2023 2022 UCIT Loan Total 2023 7.134 7,134 14
WHITEROCK CHILDRENS CENTRE LTO (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE ACCOUNTS (continued) 12 Statement of fund5- current ear Balance at l April 2022 Transfer in/out Balance at 31 March 2023 Income Expenditure Restrirted funds Grants Total restricted funds 302,246 302.246 (286.5331 (7,110) (286.5331 (7,110) 8.604 8.604 Unrestricted funds General Total Unrestiirted funds 190,041 190,041 141,332 141,332 (161,604) (161,604) 7,110 7.110 176,879 176,879 Total of funds - current year 190,041 443.578 (448,137 185,483 13 Statement of fund - rior ear Balance at l April 2021 Income Expenditure Transfer in/out Balance at 31 March 2022 Total unrestricted funds Total restricted funds Total of funds - prior year 100,379 83,447 183.826 149,248 287,970 437,218 1145,3931 85,447 1285,9701 (85,447) 1431,363) 190,041 190,041 14 Fixed Assets Land & Property Equipment Totals COST At l April 2022 Addition5 At 31 March 2023 DEPRECIATION At l April 2022 Charge for the year At 31 March 2023 NET BOOK VALUE At beginning of period At 31 March 2023 150,000 64,164 214,164 150,000 64,164 214.164 65,000 7,500 72,500 60,036 619 60,655 125,036 8.119 133.155 85,000 77,500 4,128 3.509 89,128 81.009 15