EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
Income frorn:
Donations and legacies
Charitable aclivities
Other trading activities
Investments
168.523
168,523
2.074,945 9.349.019 11.423,964
1.140,667
1,140.667
1.276
1.276
201,436
201,436
1.001,024 9.218,428 10.219,452
1,132,706
1,132,706
685
685
Total income
3.216,888 9.517.542 12.734.430
2.134,415 9.419,864 11.554.279
Expenditure on:
Raising funds
Charilable aclivities
Other expenditure
314
411
725
2.998.370 9.505.249 12.503.619
708
708
2,490
4,992
7,482
2.104,898 8.861,627 10.966,525
13
Total expenditure
2.999.392 9.505.660 12.505.052
2.107.388 8.866.619 10.974,007
Net income
217.496
11.882
229.378
27.027
553.245
580.272
Transfers between
funds
302,242
1302,2421
Nel movement in
funds
10
217.496
11.882
229.378
329.269
251,003
580.272
Reconciliation of funds:
Fund balances at 1 April 2024
979.342
290.4(
1.269.748
650.073
39.403
689.476
Fund balances at 31 March
2025
1,196,838
302,288
1,499,126
979,342
290,406
1,269,748
The slatement of financial aclivities includes all gains and losses recc#Jnised in the year. All income and expenditure
derive from continuing activities.
16-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
15
822.371
750.027
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
13.965
415.355
3,421,716
23,583
676,382
1,706,129
3,851.036
2,406,094
Creditors: amounts falling due within
one year
18
{3,139.534)
11,766,896)
Net current assets
711.502
639.198
Total assets less current liabililies
1.533.873
1.389.225
Creditors: amounts falling due after
more than one year
19
(34,747)
(119,4771
Net assets
1,499,126
1,269,748
Tho funds of the charity
Restricted income funds
Unreslricled funds
302.288
1,196,838
290.406
979,342
23
1,499,126
1,269,748
The financial statements were approved by the Trustees on 16 September 2025
MT McDonagh, Chair
Director
R Park, Treasurer
Director
Company registration number N1023257 (Northem Ireland)
17-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating aclivities
Cash generated from operations
32
2,128,891
429,192
Investing activities
Purchase of langible fixed assets
Investment income received
(64,875)
1.276
685
Net cash (used in)Igenerated from investing
activities
(63,5991
685
Financing activities
Repayment of bank loans
Payment of finance leases obligations
(101.768)
{6.025)
{76,453)
Net cash used in financing activities
1107,7931
(76,4531
Net increase in cash and cash equivalents
1,957,499
353,424
Cash and cash equivalents at beginning of year
529,292
175,868
Cash and cash equivalents at end of year
2.486.791
529.292
Relating to:
Cash at bank and in hand
Bank overdrafts included in creditors payable
within one year
3,421,716
1,706,129
1934,9251
{1,176,8371
18-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
Early Years - the organisalion for young children is a private company limited by guarantee incorporated in
Northem Ireland. The registered ofFice is 6c Wildflower Way, Apollo Road, Belfast, BT12 6TA.
1.1 Accounting convenlion
The financial statements have been prepared in accordance with the charity's Memorandum and Arlicles of
Association. the Companies Act 2006 and '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 (FRS 102)" (as amended for accounting
periods commencing from 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterting. which is the functional currency of the charity- Monetary
amounts in these financial statements are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going Concern
The charitable company had free reserves of £464,214 at 31 March 2025. This equates to approximately 8
weeks of unreslricled expenditure and is in line with the target set by the board at the most recent review of
the reserves policy.
Following the year end. managemenl accounts indicate that the charitable company has generated a further
surplus in the period since 31 March 2025. In addition. detailed projections and cash flow forecasts have been
prepared for the period to 31 December 2026. The projections prepared to 31 December 2026 indicate that
there are adequate reSoUr￿S to enable the charitable company to continue to meet its financial obligations as
they fall due for at least the next ￿e1ve months after the date of signing these financial statements.
Taking all factors into consideration. the directors are of the opinion that it is appropriate that the financial
stalements are prepared on a going concem basis.
1.3 Charitable funds
Unreslricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific wnditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are sel out in the notes to the financial stalements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on re￿ipt. Other donations are recognised once Ihe charily has been notified
of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
19-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies {Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party. il 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 costs of each activity are
made up of the total of direct costs and shared costs, including support costs involved in undertaking each
activity- Direct costs attributable to a single activity are allocated directly to that activity- Shared costs which
contribute to more than one activity and support costs which are not altributable to a single activity are
apportioned belween those activilies on a basis consistenl with the use of resources. Central staff costs are
allocated on the basis of time spent, and depreciation charges allocated on the portion of the assel's use.
Support costs are those costs incurred direcuy in supt)ort of expenditure on the objects of the charity.
Govemance costs are those incurred in connection with administration of the charity and compliance with
constilutional and statutory requirements.
Costs of generating funds are costs incurred in attracting voluntary income. and those incurred in trading
activities that raise funds.
Charitable activilies and Governan￿ costs are costs incurred on the cornpany's educational operations,
including support costs and costs relating to the govemance of the company apportioned to charitable
aclivities.
All expenditure is inclusive of irrecoverable VAT.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases=
Land and buildings
Leasehold improvements
Fixtures and fittings
Computers
Motor vehides
2% per annum straight line
40kn per annum straight line
15 % per annum straight line
330/0 per annum straight line
25% per annum straight line
Freehold land and assets in the course of construction are not depreciated.
The gain or loss arising on the disposal of an assel is delemiined as the dlfference belween the sale proceeds
and the carrying value of the asset, and is recognised in the statemenl of financial activities.
1.7 Impaimient of fixed assets
At each reporting end date, the charity reviews the carrying amounts of ils tangible assets to determine
whether there is any indication that those assels have suffered an impairment loss. If any such indication
exists, the recoverable arnount of Ihe asset is estimated in order lo determine the exlent of the impairment
loss lif any).
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, Whe￿ applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured at the lower of repla￿ment cost and cost.
-20-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies {Continued)
Nel realisable value is the estimated selling Pri￿ less all estimated costs of completion and costs lo be
incurred in marketing, selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, olher short-lem liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in currenl liabilities.
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instmments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention lo settle on a nel
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaclion cosls and are subsequently carried at amortised cost using Ihe effeclive
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future re￿iptS discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangemenl constitutes a financing transaction. where the debt inslrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequendy carried at amortised cosl, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operalions from suppliers. Amounts payable are classtfied as current liabililies rf payment is due within one
year or less. If not, they are presented as n0n-cu￿ent liabilities. Trade creditors are recognised initially at
transaction price and subsequendy measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabililies are derecognised when the charivs contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday entiuement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised imrnediately as an expense when Ihe charity is demonstrably committed
to terminate the employment of an employee or to provide temiinalion benefits.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
21

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies {Continued)
1.13 Leases
Leases are classified as finance leases whenever the temis of the lease transfer substantially all the risks and
rewards of ownership to the lessees. All other leases are classtfied as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the dale of
inception and the present value of the minimum lease payments. The related liability is included in the balance
sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest
elements. The inlerest is charged to net incomel{expenditure) for the year so as to produce a conslanl
periodic rate of interest on the remaining balance of the liability-
1.14 Operating leases
Rentals under operating leases are charged to the Statement of Financial Activities incorporating Income and
Expenditure Account on a straight line basis over the lease tem.
1.15 Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterfing at rates of
exchange ruling at the balan￿ sheet date.
Transactions in foreign currencies are translated into steding at the rate ruling on the date of the transaction.
Exchange gains and losses are recognise(l in the Ststement of Financial Activities incorporating Income and
Expenditure Account.
Crilical accounting estimates and judgements
In the application of the charity's accounting policies, the Trustees are required to make judgements,
eslimales and assumptions about Ihe carying amount of assets and liabilities that are nol readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
faclors that are considered to be relevant. Actual results may differ from these estimates.
The eslimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only Ihal
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Key sources of estimation uncertainty
Fixed assets
The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset
and estimates of residual values. The directors regularly review these asset lives and change them as
necessary to reflect current thinking on remaining lives in light of prospeclive economic utilisalion and physical
condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation and
amortisation charges for the period. Detail of the useful lives is included in the accounting policies.
Debtors
Short term debtors are measured at transaction price. less any impaimient. Impairment of such debtors
involves some estimation uncertainty.
Restricted and unrestricted funds
Judgements are made in relation lo allocation of income and expenditure to restrlcted and unrestricted funds.
The directors consider it appropriate to allocate these fijnds based on interpretation of donations received.
-22-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations and legacies
Restricted
funds
2025
Restricted
funds
2024
Donations and gifts
Grants
55,000
113,523
201.436
168,523
201.436
Income from charitsble activities
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Charitable income
Surestarts and support to
the sector
2.074.945 10.880.082 12.955.027
1.001.024 9.218,428 10.219,452
Charitable income
Less.. deferred income
(1.531.063) {1.531.0631
2.074,945 9.349.019 11.423,964
1.001,024 9.218,428 10.219,452
Performance relaled grants analysis
Charitable
income
2025
Charitable
income
2024
Training
Management recharges
Atlantic Philanlhropies
Northern, Western & Southern Health & Social Care Trust
Health & Social Care Trusts- Other. including Surestart
DE Pathways Fund
Management Fees
Project grants
Peace IV and Aspire
325,479
419,084
280.963
361,722
600.000
87,062
4.196.606
3,414,660
358.340
577,738
342.361
110,056
4,333,639
3,938,026
1,330,381
792,896
174,403
11,423,964
10.219,452
-23-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from other trading a¢tivities
Unrestricted Unrestricted
funds
funds
2025
2024
Insurance and members. insurance
Day care fees
Sale of publications
Subscriptions
Trading activity income- other
7,500
977.227
7,504
35,576
112,860
15,820
917,116
9,289
39.245
151,236
other trading activities
1,140,667
1,132,706
Income from investments
Unrestricted Unrestricted
funds
funds
2025
2024
Interest receivable
1,276
685
Expenditure on raising funds
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Totsl
2025
2024
Trading costs
Other trading activities
314
411
725
2,490
4,992
7.482
-24-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on Charitable a¢tivities
Charitable
Charitable
expenditure expenditure
2025
2024
Direct costs
Staff cosls
DE Pathway grants paid
Accounlancy fees
Programme costs
Recruitmenl expenses
Training course costs
Travel and subsistence
Travel - direct costs
Redundancy costs
Peace IV grants paid
Unrecoverable VAT
Bad debt write off
6,089,818
3.938,030
4,000
993,704
61,917
7,977
3,462
82,981
7,433
48,754
40,813
5,469,165
3.414.659
4,480
807.536
10,972
3.472
31
89.804
57,537
151.721
27,961
1.409
11.278.889
10.038.747
Share of support and governance costs (see note 9)
Support
Governance
1,210,980
13,750
916,343
11.435
12.503,619
10.966,525
Analysis by fund
Unrestricted funds
Restricted funds
2,998,370
9.505,249
2,104,898
8.861.627
12,503,619
10.966,525
-25-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allo¢ated to activities
2025
2024
Depreciation
Computer expenses
Light, heat and power
Training Ilncl. Sureslarts)
31,824
215,269
61,702
63,800
32,126
113.741
72,709
43.730
p li
Subscriptions and support services
Sundries
Telephone
Professional fees
Cleaning
Insurance
Rent
Governance costs
24,406
226,794
52,420
199,817
43,473
78,436
215,039
11,750
25,705
138.918
48,290
112.122
39,757
72.705
216.540
11,435
1,224,730
927,778
Analysed between:
Charitable expenditure
1,224,730
927.778
10 Net movement in funds
2025
2024
The net movement in funds is slated after chargingl(crediting):
Fees payable for the audit of the chariws financial statements
Depreciation of owned tangible fixed assels
Depreciation of tangible fixed assets held under finance leases
Loss on disposal of tangible fixed assets
11.750
19,730
12,094
708
11,435
32.126
11 Trustees
None of the Trustees lor any persons connected with them) received any remuneration during the current or
prior year. However, one Trustee was reimbursed a total of £396 {2024 - £nil) for travelling expenses.
12 Employees
The average monthly number of employees during the year was:
2025
Number
2024
Number
Management and administration
Charity services
38
191
36
186
Total
229
222
-26-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Employees {Continued)
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
5,202,415
444,581
442,822
4,709,217
376.503
383,445
6.089,818
5,469,165
Redundancy and temiination payments
During the year redundancy payments of £7,433 (2024 - £57,537) were made to 3 {2024 - 6) employees.
Directors and key management personnel remuneration and expenses
The total amount of employee benefits re￿iVed by key management personnel is £334.166 {2024 - £308.608)
The charity considers its key management personnel to comprise of the senior management team.
The number of employees whose annual remuneration was more than £60,000
is as follows..
2025
Number
2024
Number
In the band £60,001- £70,000
In the band £70,001- £80,000
13 Other expenditure
Unrestricted Unrestricted
funds
funds
2025
2024
Net loss on disposal of tangible fixed assets
708
14 Taxation
The charity is exempt from income tax and capital gains lax to the extent that its income and gains are applied
for charitable purposes. No lax charge has arisen in Ihe year.
-27-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Tangible fixed assets
Land and
Leasehold Assets under Flxtures and
bulldlngs Improvements constructlon
flttlngs
Computers
Motor
vehlcles
Total
Cost
Al 1 April 2024
Additions
Disposals
736,199
55,000
92,600
326,006
69,587
60,497
1,500
133,8151
1,284,889
104,875
136,6441
48,375
12,8291
At 31 March 2025
791,199
92,600
326,006
66,758
28,182
48,375 1,353,120
Deproclatlon and Impalrment
Al 1 April 2024
Depreciation charged in the year
Eliminated in respect of disposals
350,585
14,724
56.899
3,704
66,881
1,260
12,1221
60,497
42
133,8151
534.862
31,824
135,9371
12,094
Al 31 March 2025
365,309
60.603
66,019
26,724
12,094
530.749
Carrying amount
At 31 March 2025
425,890
31,997
326,006
739
1,458
36,281
822,371
At 31 March 2024
385,614
35,701
326,006
2,706
750,027
-28-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Tangible fixed assets {Continued)
The net carying value of langible fixed assels includes the following in respect of assets held under finance
leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £12,094
{2024 - £-) for the year.
2025
2024
Motor vehicles
36,281
Included in land and buildings is freehold land acquired during the year at a cost of £55,000. In accordan
with the charity's accounting policy, freehold land is not depreciated.
16 Stocks
2025
2024
Finished goods and goods for resale
13,965
23.583
17 Debtors
2025
2024
Amounts falling due within one year:
Trade debtors
Other deblors
Prepayments and accrued income
263,418
17,647
134,290
265,961
1.057
409,364
415,355
676,382
18 Creditors- amounts falling due within one year
2025
2024
Notes
Bank loans and overdrafts
Obligations under finance leases
other taxation and social security
Deferred income
Trade creditors
Other creditors
Accruals
20
21
1,035,881
8.000
106,576
1,531,063
145,998
12,702
299,314
1,268,856
171,823
22
51,445
20.271
254,501
3,139,534
1,766,896
Securily is as disclosed in notes 20 and 21.
-29-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Creditors: amounts falling due after more than one year
2025
2024
Notes
Bank loans
Obligalions under finance leases
20
21
8,772
25,975
119,477
34,747
119.477
Security is as disclosed in notes 20 and 21.
20 Loans and overdrafts
2025
2024
Bank overdrafts
Bank loans
934,925
109,728
1.176.837
211,496
1,044,653
1,388,333
Payable within one year
Payable after one year
1.035,881
8.772
1.268.856
119.477
The bank overdrafts are SeCu￿d on the building and a floating charge over the assets of the charitable
company.
A guarantee has been pledged by the Department for Business Energy and Industrial Strategy in respect of
the bank loan.
Bank loans are being repaid by way of monthly instalments until April 2026 with an interest rate of Danske
Bank Base Rate plus 4¥0.
21 Finance lease obligations
Future minimum lease payments due under finance leases-
2025
2024
Within one year
Wilhin two and five years
8.000
25,975
33,975
The charity's obligations under finance leases are secured on the related assets.
-30-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
22 Deferred income
2025
2024
Other deferred income
1,531,063
Deferred income is included in the financial statements as follows:
2025
2024
Deferred income is induded within:
Current liabilities
1,531,063
Movements in the year=
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
4,329
{4.329)
1,531,063
Deferred income at 31 March 2025
1,531,063
The defe￿ed income arises in respect of income being received in the year which relates to a future
accounting period and in respect of income received in the year where conditions for recognition have not
been satisfied. The income will be released to the Statement of Financial Activities in the period to which it
relates.
23 Unrestricted funds
The unrestricted funds of Ihe charity comprise the unexpended balan￿5 of donation5 and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designaled funds which have been set aside out of unreslricled funds by the trustees for specific purposes.
At 1 April
2024
Incoming
resources
Resources
expended
Transfers Al 31 March
2025
General funds
979.342
3,216.888
{2.999.3921
1.196.838
Previous year:
At 1 April
2023
Incoming
resources
Resources
expended
Transfers Al 31 March
2024
General funds
650.073
2.134.415
(2.107.388)
302,242
979.342
31

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
24 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject lo specific condition5 by donors as lo how they may be used.
At 1 April
2024
Incoming
resources
Resources
expended
Transfers Al 31 March
2025
Aspire
Surestarts
HSCT
DE Pathways
Projects
Toybox
Peace IV
DE Core Grant
AU8ntic Philanthropies
125.649
4,333.638
110.056
3.938.026
176.173
465.246
48.754
265.000
55.000
1125,6491
{4.333,673)
(110,0561
(3.938,026)
1173,5271
1465,246)
(48,754)
1265,000)
(45,729)
{35)
(378)
2,268
290,784
300,055
290.406
9,517.542
{9,505,6601
302,288
Previous year:
At 1 April
2023
Incoming
resources
Resources
expended
Transfers Al 31 March
2024
Surestarts
HSCT
DE Pathways
Projects
Toybox
Peace IV
DE Core Grant
Atlantic Philanlhropies
4.033.066
147.062
3,414.660
314.080
349.703
342.361
218.932
600.000
(4,033,066)
1147,0621
(3,414,660)
1328,925)
1347,0151
1366,174)
(218,932)
(10,785)
13.073
2.517
23.813
1,395
(5,205)
(3771
(298,432}
290.783
39,403
9.419.864
(8.866,619)
(302,242}
290.406
-32-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
25 Explanatory notes to the funds
UNRESTRICTED FUNDS
General Funds
This reflects the short-temi tactical reserves required by Ihe Organisation and represents approximately 7
weeks, worth of unrestricted expenditure to cover short-term setbacks or cash flow difficulties.
RESTRICTED FUNDS
Atlanti¢ Philanthropies (AP) and Associated Funds
Over a number of years the charity re￿iVed funding from Atlantic Philanthropies to support a long-term
research, practice and policy development programme focused on outcomes for young children. This project
has concluded.
Atlantic Philanthropies has supported Earfy Years in the design and development of plans for the construclion
of an Early Years Centre of Excellence in Clogher Valley.
Surestarts
Funding from various Trusts and Childcare Partnerships for a number of Surestart projects.
Health and Social Care Trusts
Funding for an advisory service providing support, training and quality assistance for earfy years groups within
each Trusl area. as follows=
Norlhem Health and Social Care Trust
Soulhem Health and Social Care Trust
Westem Health and Social Care Tnjst
DE Pathway
A fund managed by Earfy Years for the Department of Education to improve the development of children who
are al risk of not reaching their full potential within the school system and develop an enhanced, more
sustainable Early Years sector.
Projects
Funding for a range of projects delivered by the charity.
Toybox Project
Funds for an outreach play development project for Traveller Children.
Peace IV
This is funding re￿iVed from SEUPB. This project aims to bring about a posilive attitude and behavourial
change among children, parents. teachers and the wider community- The project uses an evidence based
approach to purposefvl. direct and sustained curriculum-based conlacl between children of different religious
backgrounds.
DE Core Funding
Funding from the Department of Education to support core costs of Early Years.
-33-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
26 Explanatory notes to the funds {conlinued)
ASPIRE
The ASPIRE {Advancing Shared Partnerships through Indusive Relationships in Education) is a rnulti-agency
project, with the Education Authority as Lead Partner. The project is funded by PEACEPLUS. The project
provides direct and regular sustained contact between children and young people from different cultural,
religious and SOCI￿eConOMiC backgrounds across settings and schools within Northern Ireland and the border
counties. with a focus on peace building, reconciliation and inclusion to improve educational outcomes. Early
Years is responsible for Ihe operational oversight. project development and project delivery to Eady Years
settings, with other partners responsible for older age groups.
Transfers
During the prior year the charity made transfers from restricted to unrestricted funds totalling £302,242. For
transfers of £3.810 Ihe balan￿ arose due to the fact that overhead cost5 were nol fully allocated to ￿rtaIn
funds in prior years. For the transfer of £298.432 from Atlantic Philanthropies, this was a reimbursement of
unrestricted funds that Eady years had spent on the Clogher project in prior years.
27 Retirement benefit schemes
2025
2024
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
442,822
383,445
The charity operates a defined contribution pension scheme for all qualrfying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
28 Analysis of net assets between funds
Unrestricted
funds
2025
Restricted
funds
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assetsl{liabilities)
Long term liabilities
767,371
464,214
(34.747)
55,000
247,288
822.371
711,502
(34.7471
1.196,838
302,288
1.499.126
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsl{liabilities)
Long temi liabilities
750,027
348,792
(119.477)
750,027
639,198
{119.4771
290,406
979.342
290,406
1.269.748

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
29 Operating lease ¢ommilments
Lessee
At the reporting end dale the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows=
2025
2024
Wilhin one year
Belween two and five years
In over five years
105,891
174,306
15,000
107,920
109.500
295,197
217,420
30 Related party transactions
Transactions with related parties
During the year the charity entered into the following transactions with related parties..
Grants paid
2025
2024
Giggles Eady Years
Adventures Day Nursery
98,515
22,009
30,000
120,524
30.000
The above Trustee owned nursery and playgroups received grants from the Pathway and Northem Ireland
Childcare Subsidy funds. These groups applied for grants and were assessed against the same crileria and
on the same basis as other applicants.
During the year the charity provided management and administrative support to Eady Years ROI for no
charge. In addition, the charity paid expenses on behalf of Eady Years ROI. At the balan￿ sheet date, an
amount of £13,608 remained due from EaTly Years ROI {2024: £5.131 due to Early Years ROI).
31 Conduit funding
The charity acts as an agent on behalf of the Department for Education in respect of the Northem Ireland
Childcare Subsidy Scheme. During the year, the charity received £10,575,000 in respect of this scheme and
dislributed £10,016,535.. these amounts have been excluded from income and expenditure. At 31 March 2025.
the charity held bank balances amounting to £558,465 in relation to these monies, with a corresponding
balance of deferred income.
-35-

EARLY YEARS- THE ORGANISATION FOR YOUNG CHILDREN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
32 Cash generated from operations
2025
2024
Surplus for the year
229,378
580.272
Adjuslments for:
Investment income recognised in statement of financial activities
Loss on dist)osal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
(1.276}
708
31,824
(6851
32.126
Movements in working capital:
Decrease in slocks
Decrease in debtors
Increaselldecrease) in creditors
Increasel(decrease) in deferred income
9,618
261,027
66,549
1,531,063
5,159
3.963
1187,3141
(4.3291
Cash generated from operations
2,128,891
429.192
33 Analysis of changes in net funds
At 1 April 2024
Cash flows
New financeAt 31 March 2025
leases
Cash at bank and in hand
Bank overdrafts
1.706.129
(1,176.837)
1.715,587
241,912
3.421.716
1934,9251
529.292
1,957,499
2,486,791
Loans falling due within one year
Loans falling due after more than one year
Obligalions under finance leases
192.019)
1119.477)
(8,937)
110,705
6,025
1100.9561
{8,7721
(33.9751
(40,000}
317.796
2,065,292
(40,000}
2,343,088
34 Contingent liabilities
A portion of grants received may become repayable of the charitable company fails to comply with the temis
of the letter of offer.
35 Members. liabilty
Each member of the charitable company undertakes to contribute to the assets of the company in the event of
it being wound up while they are a member, or within one year after they cease lo be a member, such amounl
as may be required, nol exceeding £1 for the debts and liabililies ox)ntracted before they ￿ase to be a
member.
-36-