REI GISTERED COMPANY NUMBER.. N1044971 (Noi'thei'ii Ii"elaTid) RII GISTEI RED CHARITY NUMBLI R: 106089 RE4 PORT OF THE I'RUSTEI ES AND FINANCIAL STATEI MENTS FOR THE YEI AR LNDED 31 MARCH 2023 FOR EsiaiA CHILDCARE LIMITED McAleei- Jacksoii Ltd Cliai'tei'ed Accoiiiitants & Statiitoi'y ALiditoi's CIILII'CI) HoLise 24 Diibliii Road OMAGH Co. Tyi-oiie BT78 IHE
I SIIRA CHILDCARE LIMITED CONTII NTS OF THI FINANCIAL STATEMENTS FOR TH[ Yli AR EI NDED 31 MARCH 2023 Page Refei'ence and A(Iniiiiistrative Details Repoi"t of tlie Ti'iistees Repoi't of the liidependent Aiiditoi's Statement of Financial Activities 10 Balance Sheet Casli Flow Stateiiient 13 Notes to tlie Cash Floiv Statemeiit 14 Noles to the Finaiicial Statements 15 to 21 Detaile(J Statement of fiinaneial Activities 22 to 23
I SIIRA CHILDCARE LIMITED RtrERlI NCEI AND ADMINISTIL4TIVE DEI TAILS riOR THE Yll AR NDED 31 MARCH 2023 TRUSTEEI S C Mccai'iiey S McEvoy J A Bates S M Loiighi'aii L M Firth P Sl)iels D Mccai'rol l (appoiiited 1 .8.22) COMPANY SE4 TARY C Mccaffi'ey REI GISTERID OFFIC 167 Newtowiisaville Road Eski'a Oinagli Co. Tyrone BT78 2RJ REGISTEREI D COMPANY NUMBER N1044971 (Nortliei'n li'eland) RL4 GISTERED CHARITY NUMBER NIC106089 AUDITORS McAleei' Jacksoii Ltd Cliai'tei-ed AccoLintaiits & StcltLltory ALiditors Cliiii'cli Hoiise 24 Diiblin Road OMAGH Co. Tyi'one BT78 1 HE BAIYKERS Daiislce Batik 5-7 Mai'ket Sti'eet OMAGH Co. Tyi'oiie BT78 1 BN Page I
ESKRA CHILDCAREI LIMITED RE4 PORT OF THE TRUSTEI ES FOR THE YEAR EI NDED 31 MARCH 2023 The tl'LlStees wlio al'e also dii'ectors of tlie cliai'ity foi. tlie purposes of tlie Coinpaiiies Act 2006, pi'esenl tlieii. i'epoi't witli tlie fiiiaiicial stat¢iiients of tlie chai'ity foi. the yeai. elided 31 Mai'cli 2023. Tlie ti'ustees liave adopted tlie pi'ovisioiis of Accoiiiitiiig aiid Repoi'tiiig by Cliarities.. Stateineiit of Recoinineiided Pi'actice applicable to cliai'ities pi-epai'iiig tl)eii' accoLlllts iii accoi'daiice witli tlie Fiiiancial Repoi-tiiig Staiidai'd applicable iii tlie UK aiid RepLiblic of li'elaiid (FRS 102) (effective l Janiiai'y 2019). OBJECTIVEI S AND ACTIVITIE< S Objectives ancl aclivities Eski'a Cliildcat'e Ltd opei'ates a ivi'ap-ai'oiiiid daycai-e sei'vice aiid playgi'oiip based in tlie local coinilliin ity ceiiti'e iii Eski'a. Tlie bLisiiiess was set LIP ill 2001 to pi'ovide childcai'e soliitions foi. pai'etits ill tliis I'elatively disadvaiitaged i'iii'al coininliiiity aiid lielp SLlStaiii Illiinbei's at tli¢ local pi'iiiiai-y scliool. Oiii. Goals Eskra Cliildcai'e Ltd will advaiice tlie ediicatioii of clii Idi-ei) LIP to tlie age of12 yeai's by'.- l . Pi'ovid ing tlie iiecessai-y facilities for tlie dai ly care, recreatioi) aiid ediicatioii of cliildi-eii, wliicli is affordable aiid accesible to faniilies iii tlie Eski'a coiiiiniiiiity ai)d widei- d isti'ict. 2. Meetiiig Il)e social, edLicalioi)al aiid developi)ieiital needs of pi'e-scliool cli ildi'eii iii tlie Eski-a cominiiii ity aiid widei- disti'ict by tli¢ pi-ovisioii of pre-scliool educatioii. Tl)e coiiipaiiy is a I'egistei'ed cliai-ity undei. i-egisti-atioii iiiiinber NIC106089. Piiblic benefit Eski'a Cliildcai-e Ltd del ivei'ed sigiiificaiit piibl ic beiiefit against botli objectives ovei- tlie last trading pei-iod. Iii tlie fiiiaiicial yeai. ending 31 Marcli 2023 Eski'a Childcai'e Ltd pi'ovided,.- Pi'e-scliool ediicatioii foi- 47 clii Idi'¢ii aged 3 4 yeai's- aiid A stiiniilatiiig eiivironilleiit foi. 274 clii Idreii aged 5 Inoiitl)s - 12 years Page 2
I SI<RA CHILDCARI LIMITEI REPORT of4 THE TRUSTE( E4 S FOR THEI YEI AR fNDED 31 MARCH 2023 ACHIEI VEMENT AND PEI Rf4 ORMANCE Chai'itable Activities DLlI'iiig 2022123 tlie biisiiicss slowly caime oiit of the COVID I'egti'ictioiis. It is to tlie OLltstaiidiiig ci'ed it to tlie Inaiiageineiit teaiii aiid staff tliat tlie biisiness lias siii'vived and Inade it tlii'oLigli aiiotliei- fiiiaiicial yeai.. Iii spite of SLicli a cliallengiiig yeai., the staff of playtiiiie seciii'ed aiiotliei. graiit fi'oiii tlie pathway fiiiid foi- tlie pi'ofessioiial developineiit of staff aiicl staff i¥i51iiig gave lip leisLlI'e tiine to Lll)dei-take ti'aiiiiiig. Key Highlights Siiice COVID, tlie coiiipaiiy l)as expei-ieiiced sevei'e difficiilty iii i-eci-liitiiig i)ew staff. We I'espoiided by oiierliaiiliiig oui- staff i-einiii)ei'ation wliicli raises oiir valiiable staff sigiiificaiitly above the iiatioiial IniiiiiiiLIIII wage. Tliis is fact is soinelliiiig we al'e pleased abolit biit Lll)foi-tiinately it Ineaiis a coi'i-espoiidiiig inci'ease in fees foi. oiii. pai-eiits. OLII. Goals foi. Next Yeai. Coinplete the Inajoi. ovei-liaiil of oiir i'eci-uitineiit, I'einLinei'atioii aiid staff stl'LlCtiii-es li) Playtime. After COVI D resti'ictioiis, Ive plaii to coiitlllLie oiii. engagement witli pai-eiitslcai'ers, gi'aiidpai-eiits, aiid tlie local coininiiiiity by exteiidiiig (lie opi)oi'tiiii ities foi- tlieiii to becoine iiivolved witliiii oiir pi'e-scliool pi'ogi-ainime. We plaii to sti-ei)gtlien oiir fiiiaiice and goveriiaiice systeins witli iiivestment in softwai-e aiid ti'aiiiiiig foi. stilff aiid dii-ectoi-s. FINANCIAL REVIEW Financial position Eski-a Clii Idcai'e Ltd is deliglited to I'epoitt an excel leiit fiiiancial pei-foi'inaiice. Risks & Uiicei'taii)ties The inain i'isks foi- tlie cliai'ity in t5ie iiext yecir is tlie difficiilty in i-eci-liitii)g staff 1( lid I'etaiiiii)(y qLlci1ified staff. Pi'incipal fiiiiding soiii'ces Eskra Cliildcai'e Ltd geiiei-ates 84 % of its iiicoine froim fees from pareiits wlio Lise the cliildcai'e facility. Tlie coinpaiiy also i'eceived £97,045 fi'oin the Depaitnient of Ediieatioii to deliver a pi'e-scliool edLicatiOll CLlI'I'icuIIiiii foi. 47 local cliildi'eii aged 3-4 years. Reseives policy Tlie Triistees aiiii to hold siifficiei)t desigiiated fLiiids to SLlPPOIt social entei-pi-ise activity. Iii additioii, i'esei'ves al-e maiiitaiiied to pi'ovide a Iiedge agaiiist tlie loss of ti'aditional pi'oject fLinding foi. tli¢ delivei'y of Eski-a Cliildcare Ltd.'s objectives, aiid to fliiid tlie Cliarity's capital aiid propei'ty Inaiiileiiaiice plaiis to flind foi. the iiplceep aiid i-eiieNval of pi'einises. Tlie Ti'iistees al'e satisfied tlie designated fiiiids I'einaiii adeqliate foi. tlie time beiiig. Page 3
EI SKRA CHILDCARE LIMITED REI PORT OF THL TRUSTII ES roR THE YII AR INDED 31 MARCH 2023 FINANCIAL REI VIli W Goiiig concern Tlie tl'LlStees l)ave assessed, based 011 tlie aiiticipated activities of tlie cl)ai-ity, tliat tliei-e at'e adeqiiate I'esolirces iii place to Ineet tlie oii-going costs of tl)e cl)ai-ity foi. a Iiiiiiiiniiin of 12 Inoiitlis fi-oin tlie date of sigiiing of tlie finaiicial slateinents. Iii coiiiiiig to tliis concliisioii, tlie tl'LlStees liave assessed tlie eiitity's ciii'i'ei)t finaiicial ai-j'aiigeimeiits aiid avai lable I'esoLlI-ces of tlie cliai-ity. Foi. tliis i easoii, tlie fiiiaiicial stateineiits liave been pi'epai'ed oli a going coiTrcei-ii basis Nvli icli presiiines tlie real isdtioii of assets aiid liabi lities iii tlie iioi'iiial COLlI'se of bLisiness. STRUCTURE, GOVEI RNANCL AND MANAGEI MENT Govei'iiing (lociiment Tlie cliai-ity is coiiti'ol led by its govei-niiig docLiineiit, a deed of triist, aiid coiistitiites a limited coinpaiiy, l lim ited by giiaraiitee, as defiiied by tlie Coiiipaii ies Act 2006. Oi'ganisational structiii'e Eski',I Cliildcare Ltd is Inaiiaged by 7 tl'LlStees iioiiiiiiated by tlie Ioccil coiiiiniiii ity aiid pareiits iisiiig tlie daycai'e sei'vice. Tlie ti'iistees are also d ii'ectoi's of tlie coinpaiiy. Cliaii'pei-soii: Clii'is Mccariiey Coiiipany Seci'etai'y.. Colette Mccaffi-ey Ti'easiirei.: Steplieii McEvoy Tlie dii'ectoi's/ti-iistees meet at Icast foiii. tiilles pei. yeai- aiid iiidividiial triistees take specific respoiisibility foi. fiiiaiicial issiies, HR issues, pol icies aiid safegiiai-diiig. STATEMENT OF TRUSTEI Li S, RL4 SPONSIBILITIES Tl)e ti'iistees (Ivlio al'e also tlie dii'ectoi's of Eski'a Cliildcai'e Liiiiited foi. tlie piii-poses of coiiipany laNv} at'e I'espoiisible foi. prepai'iiig tlie Repoi't of tlie I'i'LlStees and tlie fiiiaiicial stateiT]eiits iii accoi'dance ivitli applicable law and Uiiited Kii)gdoiii Accoiiiitiiig Staiidai'ds (Uiiited Kiiigdoiii Geiiei-ally Accepted Accoiiiitiiig Pi'actice). Coillpaiiy laiv I'eqiiii-es tlie ti-iistees to pi'epai'e fiiiaiicial stateiiieiits for eacli finaiicial yeai. wliicli give a Iriie alld fail- view of tlie state of affaii's of tlie cl)ai'itable coinpaiiy aiid of tlie iiicoining I'esoiii'ces aiid applicatioii of I'esoiii-ces, iiicliiding tlie iiicoine aiid expeiiditLlI'e, of tlie chai-itable coiiipaiiy for tliat pei-iod. Iii pi'epai'ing tliose fiiiaiicial stateiiieiits, tlie tl'LlStees al'e I'eqiiii'ed to select siiitable c1CCOllllting policies aiid thei) apply tliem coiisistently; obsei've tlie iiietliods aiid pi'iiiciples in tl)e Cliai-ity SORP. Inalce jlidgeineiits and estimates that al'e i'easoiiable aiid pi'iideiit. prepare tlie fiiiaiicial stateineiit.s oii tlie goiiig coiicei'ii basis iinless it is iiiappropi'iate to presuine tliat the cliai'itable coinpany wi I I coiitll)Lie iii biisiiiess. Pagc 4
I SIIRA CHILDCARE LIMITllD REI PORT OF THE TRUSTLES FOR THI YEI AR II NDED 31 MARCH 2023 STATEMENT OF TRUSTEI Ei S, REI SPONSIBILITIEI S - coiitinued Tlie ti'iistees al-e I'espoiisible foi. keepiiig pi'opei. accoiiiiting i'ecords wliicli Ilisclose with reasoiic1ble accLlI'acy at aiiy tiine tlie fiiiaiicial positioii of tlie c111( I'itable coiiipaiiy ai)d lo eiiable tliein to eiisiii'e tliat tlie fiiia51ciaS stateiiieiits coiiiply witli tlie Coiiipaiiies Act 2006. Tliey al'e c2lso i-espoiisible foi. safegiiai-diiig tlie assets of tlie cl)ai-itable coinpaiiy aiid lieiicc for takiiig i-easoiiabl¢ steps foi. tlie pi'eveiitioii aiid detection of fi'aLid aiid otlier ii'i'egLilai'ities. Iii so fai. as tlie ti'iistees at-e awai'e: tl)ei'e is no i'elevaiit aiidil. iiifoi-iiiation of Nvliicli the cliai'itlc ble coinpaiiy's aiiditoi's al'e iiiiawai'e. aiid tlie ti'iistees liave talcesi all steps tliat tliey OilLTlit to Iiave talceii to ITJake theinselves awai-e of aiiy i'elevaiit aiidit iiifoi'iiiation aiid to establisli tliat the aiiditoi's al'e awai'e of tliat iiifoi'iiii1tioii. AUDITORS Tlie aiiditoi's, McAleei' Jacksoii Ltd, will be pi'oposed foi- i'e-appoiiitiiieiit at tlie forthcoiniiig Aiiiiiial Geiiei'al Meeting. This I'epoit lias beeii pi'epai'ed iii accoi'daiice witli tlie special pi-ovisioiis of Part 15 of the Coinpaiiies Act 2006 i-elatiiig to sinall coinpanies. Appi'oved by oi'dei- of tlie boai'd of trLlStees 011 21 Dec¢inbei' 2023 ai)d sigiied oli ils belialf by.. C Mccai-ney - Ti'iistee Page 5
REI PORT or THE INDEI PEI NDENT AUDITORS TO THE MIMBERS OF ESICRA CHILDCAREI LIMITED Opiiiion We liave aiidited tlie finaiicial stateineiits of Eski-a Cliildcai'e Liinited (tlie 'cliai-itable coiiipany,) foi. tlie yeai. ended 31 Marcli 2023 wliich coiiipi'ise the Stateinent of Fiiiaiicial Activities, tlie Balaiice Slieet, the Casli Flow Stateineiit and iiotes to tlie fiiiaiicial stateineiits, iiicliid iiig a Sliinmai'y of sigiiificant accoLllltiiig pol icies. Tlie fiiiai)cial I'eportiiig fi'ainewoi'k tliat has been appl led iii theii- pi'epai'atioii is applicable law aiid Uiiited Iciiigdoin AccoLllltiiig Staiidai'ds (Uiiited Kiiigdoim Geiiei'ally Accepted Accoiintiiig Pi'actice). Ili OLII. Opillloli tli¢ fiiiaiicial stateiiieiits.. give a ti'iie aiid fail. view of tlie stilte of tlie cliai'itable coiiipaiiy's affairs as at 31 Mai-cli 2023 aiid of its iiicomiiig I'esoiii-ces aiid applicatioii of resoLlI-ccs, Iiicliidiiig its incoine aiid exp¢nditLlI'e, foi. the yeai. tlieii elided. liave beeii pt'opei'ly pi'epaiEd iii accoi'daiice witli Ui)ited Kiiigdoin Gei)ei'ally Accepteil Accoiiiitiiig Pi'actice. aiid liave beeii pi'epai'ed iii accoi'daiice witli tlie I'eqiiii-eineiits of tlie Coinpaiiies Act 2006. Basis fol. opinioii We coiidLlCted oiii. aiidit in accoi'daiice witli Iiitei'iiictioiial Staiidards oli ALiditii)g (UK) (ISAS (UK)) and applicable law. OLlI' i'espoiisibi l ities iindei- those staiidai'ds at'e fLlI'lliei' desci'ibed iii tlie Aiiditoi's, I'espoiisibi lities foi. tlie 1( Iidit of the fiiiancial statemeiits sectioii of OLII. i'epoi't. We al'e iiideyeiideiit of tlie cl)ai'itable coinpaiiy iii accoi'dance witli tlie etliical reqLlii-eineiits tliat are I'elevaiit to oiii. aiidit of tlie fiiiaiieial stateineiits iii tlie UK, iiicliiding tlie FRC'S Etliical Staiidai'd, aiid tlie pi'ovisions available foi- sinal l eiitities, li) tlie cii'ciiinstaiices set OLIt iii iiote 17 to tlie fiiiancial stateineiits, aiid we liave fiilfilled our otlier ethical respoiisibilities iii accoi'daiice witli tliese reqLllI'einenls. We believe tliilt tlie alidit evidence we liic ve obtaiiied is SLifficient aiid appi'opi'iate to pi-ovide a basis foi. out. opiii ion. Coiicliisiolis i'elatii)g to going coneei'n Iii aLiditiiig tl)e fiiiaiicial stateiiieiits, we liave coiicliided that tlie triistees, Iise of tlie goiiig concei'ii basis of accoLiiiling iii tlie pi'epai'atioii of the fiiiaiicial slateillents is appropi'iate. Based oii tlie work w¢ liave pei'foi-tned, we liave i)ot identified aiiy matei-ial iiiicei'taiiities I'elating to evei)ts 01- coiiditioiis that, iiidividiially oi. collectively, Inay cast sigiiificaiit doiibt 011 tlie cliaritable company's ability to coiitll)Lie as a gioiiig coiicei'ii foi. a pei-iod of at least twelve Inoiiths fi'oill wheii tlie fiiiaiicial stateineiits cll-e aLltlioi'iged for iSSLIe. Oiir respoiisibilities and tlie respoiisibilities of tl)e tl-LlStees witli i-espect to goiiig concei'ii al'e desci'ibed iii tlie I'elevaiit sectioi)s of tliis I'epoi't. Page 6
REI PORT ofi THE INDII PEI NDEI NT AUDITORS TO THE MEMBERS or 4 SKIL4 CHILDCARE LIMITED Otlier iijfoi'ination Tlie tl'LlStees al-e I'espoiisible foi. tlie otliei. infoi'iiiation. Tlie otliei. iiifoi-iiiatioii coiiipi'ises tlie infoi'iiiatioii incliided iii tlie Aiiiiiicil Repoit, othei. tliaii tlie fiiiaiicial stateiiieiits aiid oiii. Repoi-t of tlie Iiidepeiideiit Aiiditors tliei'eoii. OLII. opin ioii oli tlie fiiiaiicial stateineiits does iiot covei. the otl)ei- iiifoi'inatioii aiid, except to tlie exteiit otliei'wise expSicit5y stated iii OLir I'epoi-t, we do iiot expi'ess aiiy foi'in of assLlI'ance coiicliisioii tliereoii. lii coniiectioii ivitl) oiii. aiidit of tlie finaiicial stcltein¢iitS, OLII. respoiisibil ily is to l-ead tlie otliei. iiifoi'inatioii aiid, iii doiiig so, coiisidei. wlielliei. tli¢ otl)ei' iiifoi'ination is matei'ially iiicoiisisteiit witli tlie fiiiic l)cial stateinei)tS Ol. OLII- Iciiowledge obtaiiied iii tli¢ aLidit oi. otliei'wise api)eai-s to be inatei-ially misstated. If ive ideiitify siicli Inatei'ial iiicoiisisteiicies 01- appareiit Inatei'ial Inisstateinei)ts, Ive al'e I'eqLllI'ed to detei'iiiiiie Nvlietlier this gives i'ise to a Iiiatei'ial Inisstateii)eiit iii tlie finaiieial st1cteiiieiits tlieinselves. If, b1( sed oii tlie woi'k we have pei'foi'ined, we coiiclude that tliei-e is a iiiatei'ial Inisstateinciit of this otliei. iiiforinatioii, we al'e I'eqiiii'ed to i'epoi't tliat fact. We havc iiotliiiig to I'epoi't iii tl)is regai'd. Oi)iiiioiis on otliei" mattel's pi'escJ'ilie(I by tlie Coinpanies Aet 2006 In oiii. opiiiioii, based oli tlie woi'k iiiideitakeii in tlie coiii'se of tlie aiid it- tlie iiifoi'ination (Fiveii ii) the Repoi't of the Ti-listees foi- tlie fiiiaiicial year foi. wliicli tlie finaiicial stateinents are pi'epai'ed is consisteiit with t5ie fiiiaiicial stateineiits; ai)d tlie Rei)oit of tl)e Ti'iistees lias beeii prepai-ed iii ilCCOI'daiice witli applicable legal I'eqiiii-eineiits. Mattel's oil Ivhicl) Ive al'e requii'ed to repoi't by exception Iii the liglit of tlie knoivledge and iiiidei'staiidiiig of tlie cliaritable coinpaiiy and its eiivii-oiiineiit obtaiiied iii tlie coiii-se of tl)e aiidit, we have not identified inatei'ial iiiisstateimeiits iii tlie Report of tlie Ti'iistees. We liave iiotliiiig to I'eport in I'espect of tlie followiiig Inatters wliei'e the Coinpaiiies Act 2006 reqLliI'es LIS to i'eport to yoii if, iii oiii. opiiiioii.. adeqiiate accoiiiitiiig i'ecoi'ds have iiot beei) kept oi. i-etiii'iis adeqiiate for oiii. aiidit have iiot beeii I'eceived fi'oin bi'aiiclies iiot visited by lis; oi- tlie fiiiaiicial stateiiieiits al'e iiot iii agi'eeineiit witli tlie accoiiiitiiig i'ecords aiid I'etiiri)s' oi. cei'taiii d isclosiii'es of tl'LlStees' i'einiii)ei-atioii specified by law al'e Iiot iiiade. oi. we have iiot I'eceived all tlie iiifoi'iiiatioii aiid explai)atioiis we i-eqLllI'e foi. oui. aiidit. oi. tlie tl-LlStees wei'e iiot entitled to take advai)tage of tlie siiiall coinpaiiies exeinptioii fi'oin tlie i-eqiiii'ement to pi'epai-e a Sti'ategic R¢poi't or iii prepai'ing tlie Repot't of tlie Ti'iistees. Resi)onsibilities of ti'ustees As ekplaii)ed Inoi-e fill ly ii) tlie Statemeiit of Ti'LlStees' Respoiisibil ities, tlie ti-listees (wlio al'e also tl)e dii'ectoi's of tlie cliai-itable coinpaiiy foi. tlie Plirposes of coinpic Iiy law) al'e I'esponsible for the pi'epai'c tioii of the fii)cliicial stateineiits aiid foi. beii)g satisfied tliat tli¢y give a ti-ue and fail. view, aiid foi. siicli iiitei'iial coiiti'ol cls ilie trLlStees detei'iii iiie is iiecessai'y to enable tl)e pi'epai'atioi) of fiiiaiicial stateineiits tl)at are fl'ee fi-oiii matei'ial In isstatemeiit, wliethei. due to fi'aLid 01- ei'i'oi.. Iii prepai'iiig the fiiiaiicial stateineiits, tlie ti'iistees al'e respoiisible foi. assessiiig tlie cliai'itable coiiipany's abi lity to coiItillLie as a goiiig coiicei'n, disclosiiig, 1( s applicable, Inattei's i-elated to goiiig concei'n aiid LlSiI)g tlie ooiiig concei'ii basis of accoiiiiting iinless tlie ti'iistees eitliei. iiitend to liqiiidate tlie chai'itable coinpaiiy oi. to cease opei'atioiis, 01- liave iio I'ealistic altei'iiative biit to do so. Page 7
REI PORT OF THE INDfi PENDlli NT AUDITORS TO THE MEMBII IIS OF I SI<RA CHILDCARE LIMITED Oiii. i"esi)oiisibilities foi. tlie aii(lit of the finaiicial statements OLII. objectives al'e to obtaiii i'easoiiabl¢ assiii'aiice abolit Nvlietliei. tlie fiiiaiicial stateinents as a ivliole al'e free fi'oiii material In isstateineiit, wliethei. diie to fi-aiid oi. ei'i'oi-, aiid to issiie a Repoi-t of tlie Iiidepeiideiit Aiiditors tliat iiicILides OLII. opinion. Reasoiiable assLlI'aiice is a liioli level of assLlI'ance, biit is iiot a giiai'aiitee tliat ali aLidit coiidLlCted iii accoi'dai)ce witli ISAS (UK) will cllivays detect a Inatei'ial iiiisstateineiit wlien it exists. Misstateinents cali ai'ise fi'oiii fi'É111d or ei'i'oi. aiid al'e coiisidei'ed i)iaterial if, iiidividiially or iii tlie aggi'egate, Iliey COLI Id I'easoiiably be expected to iiifliieiice tlie ecoiioiii ic decisioiis of iisei's takei) oli tlie basis of tliese fiiiaiicial stateineiits. Tlie exteiit to wliicli OLlI' pi'ocediires al'e capable of detectiiig ii'i'egiilai'ities, iiiclLI(liiig fi'aiid is detailed below.. In ideiitifyiiig alld assessiiig risks of iiiatei-ial Inisstateineiit iii I'espect of ii-l'egLilai'ities, inclLidiiig fi'aiid aiid noii-coinpliaiice witli laNvs ai)d I'egLI latioiis, we coii8idei-ed tlie folloiviiig.. tlie natiii-e of tlie illdLlStiy aiid sectoi., conti'ol eiivii'oiiineiit aiid bLlSlI)ess pei'foi'illaiice iiicluding tlie Coinpaiiy's I'einiiiiei'alioii policies. i-esLilts of oiii. eiiqiiii-ies of Inaiiagemeiit aiid otliei. key pei'sons ciboiit tlie Coiiipaiiy's owii ideiitification aiid assessinciil of tlie I'islcs of ii'regLI lai-ities, ii)cliid iiig tliose tliat iiiay occiii. eitliei. as a i-esii It of fi'aiid or ei'i'oi., aiid Inattei's ive ideiitified fi'oin oiii. i-eview of tlie Coinpaiiy's pol icies, i)rocedLlI'es and iiitei-iial coiiti-ols. aiid tlie iJ)atters disciissed ainoiig tlie aiidit eiigageinenl teain I'egai'diiig potential iiidicatoi's of fi'aiid aiid wliei'e it In iglit occiii- iii tlie fiiiaiicial stateineiits. We also obtaiiied ali Lindei'staiidiiTrg of tlie legal ai)d regLilatoi-y frciinewoi'k tliat tlie Coiiipaiiy opei'ates iii, foclisiiig oli pi'ovisioiis oli tliose that liad a dii'ect effect oli Inaterial ainoLlllts aiid disclosiii'es iii tlie fiiiaiicial stateineiits. Tlie key laws aiid I'egiilations we considei'ed in this coiitext iiicliided tlie UIC Conipaii ies Act,, liealtli aiid safety i-e(yiilatioiis tooetliei. witli pi'ovisioiis of otliei- laivs aiicl i-egLI lations Iliat do iiol l)ave a direct effect 011 tlie fiiiaiicial stateineiits, biit coinpliaiice witli wli icli Illay be fiiiidaiiieiital to the Coiiipany's ability to operate Iii addi'essiiig the I'isk of fi'aLid tlii-oiigh Inaiiageinent ovei'ride of conti'ols, we tested tlie appi'opi-iateiiess of joiii'iial eiiti'ies and otliei. adjLlStiiieiits' assessed wlietlier tlie jiidgeineiits iiiade iii Inakiiig accoiiiitiiig estiinat¢s at'e iiidicative of a poteiitial bias; aiid evaliiated the biisiiiess I'atioi)ale of any significaiit traiisactioiis tliat ai'¢ iiiiiisiial OI. OLltside tlie iioi'inal COLlI'se of biisiiiess. Becaiise of tlie iiilieieiit limitatioiis of ali aiid it, tliei'e is a I'isk tliat we will iiot detect all ii'i'egiilai'ities, iiicliidiiig tliose leadiiig to a matei'ial Inisstateineiit iii the fiiiaiicial stateiiieiits oi. iioii-coinpliai)ce with I'egiilation. Tli is I-isk iiici'eases tlie Inoi'e tliat coiiipliance witli a law 01- I'egiililtioii is I'eiiioved froin tlie eveiits aiid ti'aiisactioiis i'eflected iii tlie fiiiaiicial stateineiits, as we ivil I be less l ikely to becoine awai'e of instaiices of noii-coiiipliaiice. Tlie i-isk is also gi'eatei. I'egai'diiig iri'egiilai'ities occiii'i-ing diie to fi'aiid I'atliei. tliaii eri'oi., as fi'aLid iiivolves iiitentional concealiiieiit, foi'geiy, coll iisioii, oniissioii oi. In isi-epi-eseiitatioii. A fiiitliei- descriptioii of oiii. I'espoiisibilities foi. tlie alidit of tlie fiiiaiicial statenieiits is located oii tlie Finaiicial Repot'ting Coiiiici I's website al www.fi'c.oi'g.Iiklaiid itorsi'espoiisibilities. I'liis descriptioii foi'iiis pait of oiii. Repoi-t of tlie Indepeiideiit Aiiditoi's. Page 8
REI PORT ofi THI INDEI P[1 NDENT AUDITORS TO THE MEMBERS or El SI<RA CHILDCARE LIMITED Use of oiii. rei)oi't Tliis I'epoi't is ii)ade solely to tlie cliai'itable Coliipitiiy's iiieiiibei's, as a body, iii accoi'daiice with Cliaptei. 3 of Pai-t 16 of tl)e CoiMI)anies Act 2006. Our aiidit woi'k lias beeii iiiidei'lakeii so that we iiiiglit state to tlie cliai'itable coini)aiiy's meinbei's tliose illattei's we al'e I'eqiiircd to slate to tliein in ali £lLiditoi-s' i-eport aiid foi. iio otl)ei' piii-pose. To tlie fiillest ext¢iit permitted by law, we do iiot accepl oi. assiiine respoi)sibi lity to aiiyoiie otliei. tl)aii tlie cliai-itable coiiipaiiy aiid tlie cliaritable coinpaiiy's Ineinbei's as a body, foi. OLII. aiidit woi'k, for tliis i'epoi'l, oi. foi- tlie opiiiioiis we l)ave foi'ined. Micliael Bai-liett (Seiiioi. StatLltoi'y Aiiditoi.) foi- aiid on belialf of McAleei- Jacksoii Ltd Chai'tei'ed Accoiiiitaiits & StatLltoi'y Aiid itoi's Cliiii-cli HoLise 24 DLibliii Road OMAGH Co. Tyi'oiie BT78 1 HE 21 Decembei. 2023 Page 9
EI SKRA CHILDCARE LIMITII D STATEMENT or riINANCIAL ACTIVITIES roR THE YEI AR EI NDED 31 MARCH 2023 2023 Total funds 2022 Tolal fiiiids Uiii'esti-icted Resti'icted fliiid fiind Notes INCOME AND EINDOWMENTS fiROM Doiiatioiis aiid leLJacies 15 15 215 Cliai'itable activities Clii Idcarc activities 1,039,934 1,039,934 , 973,805 Iiivestinent iiicoiiie Otliei. incoine 42 9,265 9,565 Total 1,049,517 1,049,517 983,327 EXPENDITURE ON ChAI'itable activities Cli i Idcai-e activities 944,085 944,085 898,872 Otliei. 51,673 51,673 42,603 Totxl 995,758 995,758 941,475 NII T INCOME 53,759 53,759 41,852 CONCILIATION OF fuNDS Total fLiiids bi'oiiglit foi'lvard 230,618 230,618 188,766 TOTAL fuNDS CARRIED f4 ORWARD 284,377 284,377 230,618 The iiotes foi'iii pai-t of tliese fiiiaiicial stateinents Page 10
4 SI<RA CHILDCARE LJMITED BALANCE SHEI Ei T 31 MARCH 2023 2023 Total funds 2022 Total fiiiids Uiii'esti'icted Resti'icted flind fiiiid Notes FIXID ASSEI TS Taiigible assets 110,553 110,553 114,535 CURRENT ASSEI TS Debtoi's Casli at baiik aiid iii Iiaiid 12 70,466 173,255 70,466 173,255 68,918 111,916 243,721 243,721 180,834 CIIEI DITORS Ainoiii)ts fal liiig diie witliiii oiie yeai. 13 (43,511) (43,511) (31,800) NET CURRENT ASSEITS 200,210 200,210 149,034 TOTAL ASSEI TS LEI SS CURREI NT LIABILITIEI S 310,763 310,763 263,569 CREIDITORS AinoLlI)ts falliiig diie aftei. Inoi'e tliaii oiie yeai- 14 (26,386) (26,386) (32,951) NET ASSETS 284,377 284,377 230,618 FUNDS Uiii'esti'icted fiiiids 15 284,377 230,618 TOTAL f4UNDS 284,377 230,618 The iiotes foi'iii pait of tliese fiiiancial stateinents Pagell contiiiiied...
I SKRA CHILDCARf LIMITID BALANCE SHEI Ei T - continueil 31 MARCH 2023 Tliese fii)aiicial stateineiits liave beeii prepai'e(l iii accor(laiice witli tlie pi'ovisioiis cipplicable to cliai'itable coinpaiiies siibject to the siiiall coinpaii ies I'egiiiie. Tlie fiiiaiicial stateineiits wei-e appi'oved by tlie Boai-d of I I'iistees aiid aLltlioi'ised foi. issiie on 21 Deceiii bei. 2023 and ivei'e sigiied oli its belialf by: C Mccai'ney - Ti-iistee Tlie iiotes forni pai't of tliese fiiiancial stateinents Page 12
I SKRA CHILDCAREI LIMITED CASH FLOW STATEMENT FOR THE YE4 AR ENDED 31 MARCH 2023 2023 2022 Notcs Casli flows fi'om opei'atiiig activities Ccish geiiei-ated froim opei'lc tioiis 64,691 19,509 Net casl) pi'ovided by opei'atii)g activities 64,691 19,509 Cash fijows from iiivesting activities Piii'cS)ase of taiigible fixed assets Iiitei'est i-eceived (12,920) (3,500) 42 Net casli iised iii investiiig activities 12,917) 3,458) Cash floii's fi'om finaiiciiig activities Gi'ants I'eleased 9,565 9,265 Net casli provided by fiiiaiiciiig activities 9,565 9,265 Change in casli an(1 casli equivalenls in the i'epoi'ting pei'iod Cash Ai)d casli equivalents at the begiiining of the i'ei)oJ'tiiig pei'io(I 61,339 25,316 111,916 86,600 Casli aiicl cash eqiiivalents at the end of the i'epoi'ting pei'io(I 173,255 111,916 The notes foriii pait of these fiiiaiicial statcinents Page 13
I SICRA CHILDCARE LIMITED NOTEI S TO THE CASH fiLOW STATIMENT roR THE YEI AR EI NDLD 31 MARCH 2023 REI CONCILIATION of4 NEI T INCOIVII TO NEtT CASH FLOW fiROM OPERATING ACTIVITIEI S 2023 2022 Net iiieome foi" the i'epoJ"ting pei'io(l (as i)ei' tlie Statement of ri jll¥2nciAI Actiiiities) A(ljiistnients foi.: Depi-eciatioii cliai'ges iitei'est I'eceived Gi'aiits I'eleased 117cl.ease i li debtoi-s Iiici'ease/(deci'ease) iii ci-editoi's 53,759 41,852 16,903 (3) (9,565) (1,549) 5,146 17,005 (42) (9,265) (13,768) (16,273) Net casli iii"oviileil by 01)ei"ations 64,691 19,509 ANALYSIS OF CHANGES IN NEI T FUNDS At 1.4.22 Cash flow At 31.3.23 Net L'ash Cas11 at biliik and iii liaiid 111,916 61,339 173,255 111,916 61,339 173,255 Total 111,916 61,339 173,255 The notes foi'iii pai't of tliese fiiiaiicial stateineiits Page 14
Et SI<RA CHILDCARE LIMITED NOTLI S TO THE FINANCIAL STATEMEI NTS roR THE AR ENDID 31 MARCH 2023 ACCOUNTING POLICIEIS Basis of pi'epai'ii)g tlie fiiiancial stAtements Tlie fiiiaiicial stateinents of tlie cl)ai-itable coini)aiiy, wliicli is a PLiblic beiiefit entity iiiidei. FRS 102, liave beeii pi-epared iii accoi'daiice witli tlie Cliai'ities SORP (FRS 102) 'Accoiintiiig ai)d Repoitii)g by Cl)ai'ities'. Slateiiieiit of Recoiniiieiided Pi'actice applicable to cliai'ities pi'epai'iiig tlieii. accoiiiits li) aceoi-daiice witli tlie Fii)aiicial Repoi'tiiig Staiidai'd applicable iii tlie Ul£ aiid Repiiblic of Ii'elaiicl (FRS 102) (effective I Jaiiiiill'y 2019),, Fiiiaiicial Repoi'tiiig Staiidard 102 'Tlie Fiiiaiicial Repoi'tiiig Standai'd applicable in (lie UJC and Repiiblic of Ii'elaiid, aiid tlie Conipaiiics Act 2006. The fiiiai)cial stateineiits have beeii pi'epai'ed iii)der tlie histoi-ical cost coiiveiition. liieome ASI iiicoi)ie is i'ecogiiised iii tlie Stateineiit of Fiiiaiicial Activities oiice tlie cliai'ity lias ei)titleiiiei)t to tlie fiii)ds, it is pi'obab5e tliat tl)e iiicoiiie wi15 be I'eceived aiid tlie anioiiiit cai) be Ineasiii'ed I'eliably. I xpenilitui'e Liabi lities al-e I'ecogiiised as expeiiditLlI'e as sooii as tliere is a legal oi. coiisti'iictive obligation coinin ittiiig the cliai'ity to tliat expeiiditiii'e, it is pi'obable tliat a ti'aiigfei. of ecoi)omie beiiefits will be reqiiii-ed iii settleineiit aiid tlie ainoiiiit of the obliLTatioii cali be iiieasLlI'ed I'eliably. Fxpeiiditiii-e is accoiiiited foi. oii ali acci'Lials basis aiid lias beeii classified uiidei. lieadiiigs that aggi'egate all cosl related io the categoi'y. Wliei'e costs caiiiiot be dii-ectly atti'ibiited to pai-tiCLilai' lieadiiigs tliey liave beeli al located to activities on a basis coiisisteiit witl) Ilie use of resoLlI'ces. Taiigible fixe(l assets Depreciatioii is pi'ovided at tlie followiiig aiinLial rates iti oi'dei. to write off eacl) asset ovei. its estiinated iisefiil life. Leaseliold iinpi'oveinents Eqisipineiit, fixtLlI'es & fittings l O % 011 I'ediiciiig balaiiee 200/0 on I'ediiciiig ba5ance Taxatyon Tlie cliai-ity is exein5)t fi'oiii coi-poi-ation tax oli its cliai'itable activities. Fiiii(l accountiiig Uiii'estricted fiii)ds can be iised in accoi'daiice witli tlie cliai'itable objectives at tlie disci-etion of tlie tl'LlStees. Resti-icted fiiiids cali oiily be iised foi. pai'ticiilai. I'esti'icted piirposes witliiii tlie objects of tlie chai-ity. Resli'ictioiis ai'ise wlieii gpecified by tlie doiioi- oi. wheii fiiiids al'e i-aised foi- paiticiilai. i-esti'icted PLlI'poses. Fiirtliei. explanatioii of the natiii'e aiid piii-pose of eacl) fLiiid is iiicliided iii tl)e iiotes to tlie fiiiaiicial stateiiieiits. Hii'e puj'cliase and leasing commitments Reiitals paid iiiidei. opei'atiiig lec?ses al-e clicl1.ged to tl)e Stateineiit of Finaiicial Activities on a sti'aiglit liiie basis ovei. tlie pei'iod of tlie lease. Page 15 coiitiiiiied.
I SICRA CHILDCARE LIMITED NOTfi S TO THE FINANCIAL STATEMENTS- coiitinued FOR THL YEAR EI NDED 31 MARCH 2023 ACCOUNTING POLICIE( S - continiie(I Peiisioji costs aiid othei. i)ost-i'etii'emeiit benefits Tlie cliai'itable coiiipany opei'ates a defiiied coiiti'ibiitioii peiisioii sclieine. Coiiti-ibiitioiis i)ayable to tlie cliai-itlc ble coinpaiiy's peiisioii sclieine al'e cliai'gcd to tlie Statciiieiit of Fiiiaiicic11 Activities iii tlie period to wliicli tliey I'elate. Debtoi's anil ei'e(litoi's R'eceivableli)ayable ivitliin oile yeai. Debtoi's aiid ci-eclitoi's ivitli iio stated interest l-ate aiid I'eceivable oi. payable witliiii oiie ye2c I. al-e i-ecoi'ded at tl',111saction pi'ice. Aiiy losses ai'isiiig fi-oin iinpaii'imeiit al'e recogiiised in tlie iiicoine aiid expeiiditiii'e accoiiiit iii Iiiaiiageiiiei)t aiid adiniiiisti'ative expenses. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES of4 Ei STIMATION UNCERTAINTY Estiinates aiid jiidgeii)eiits are I'eqiiii'ed wlieii c1pplyiiig accoiiiitiiig policies. Tliese are coiitinLially evalLiated aiid at'e basecl oli liistoi'ical expei'ieiice aiid otl)ei' factoi's, iiicliidiiig expectatioiis of fiitLire eveiits tliat are bel ieved to be i-easoiiable Lll)dei' tlie ciiciiinstaiices. Recovei-abi lity of debtoi's Estiiiiates al'e Inade iii I'espect of tlie I'ecovei'able valiie of ti'ade aiid otlier debtoi's. Wlieii assessiiig tlie level of pi'ovisioiis i-eqiiired, factoi's iiicliidiiig ciii'i'ent tl'1¢ dilig expei'ience, liistOl'iC<il expei'ieiice aiid tlie agiiig pi'ofile of debtoi-s al-e coiisidei'ed. Usefiil econoin ic l ives of taiigible assets Tlie aiiiilial depi'eciatioii chai'ge foi. taiigible assets is seiisitive to cliaiiges iii tlie estiinated iisefiil ecoiioinic lives aiid I'esidLial valiies of tlie assets. The iisefLiI economic lives aiid I'esidiial Vciliies al'e I'e-assessed aiiiiiially. Tliey al'e ainended Nvheii necessai'y to reflect CLlI'i-eiit estiinates, based oli fiitiire iiivestiiieiits, ecoiioinic iitilis1c tioii aiid tlie pliysical coiiditioiis of tlie assets. DONATIONS AND LEGACIES 2023 2022 Doiiatioiis 15 215 Page 16 coiitiiiiied...
EI SKRA CHILDCARII LIMITED NOTES TO THf FINANCIAL STATEI MENTS- continued riOR THE YII AR ENDED 31 MARCH 2023 INVI4 STMENT INCOME 2023 2022 Iiitei'est oli casli deposits 42 INCOME FIROM CHARITABLEI ACTIVITIEI S 2023 2022 Activity Cliildcai'e activities Cl)ildcai'e activities CliiSdccl1'e activities Clii Idcai'e 1( Ctivities Clii Idcai'e activities Childcai-e activities Childcare activities Fees LdLication Aiitlioi'ity Ti'aiiiiiig gi'aiits Pai'eiits fees (volLintai-y) Milk Gi'aiits & covid SLlPPOrt Miscellaiieoiis iiicoine 870,469 97,045 1,500 7,525 1,848 56,813 4,734 795,761 90,526 3,500 6,979 1,583 71,825 3,631 1,039,934 973,805 CHARITABLE ACTIVITIEI S COSTS SLlPPOIt costs (see iiote 7) Cl)ildcare activities 944,085 SUPPORT COSTS Govei'iiance costs Management Totals Cliildcai'e activities 939,105 4,980 944,085 Page 17 contiiiiied...
I SI<RA CHILDCARE LIMITID NOTfs TO THE f4INANCIAL STATEMENTS- coiitiniied FOR THE YII AR EI NDED 31 MARCH 2023 NEI T INCOMli /(EI XPEI NDITUREI Net iiicoinel(expenditiii'e) is stated aftei- cliai'giiig/(ci'editiiig)'. 2023 2022 Aiiditoi's, i-eniiinei-atioii Depi'eci1¢ tioii owiied assets 4,980 16,903 4,166 17,005 TRUSTI4 EI S, REI MUNERATION AND BENEI FITS Tliere wei'e iio tl'LlStees' i-eiiiiiiiei-atioii oi. othei. beiiefits foi- tlie yeai- elided 31 Mai'cli 2023 llor for tlie yeai. elided 31 Mai-ch 2022. Ti'llstees, expenses Tliei'e were iio ti'iistees, expeiises paid foi. the year elided 31 Mcl1'clI 2023 iior foi. tlie yeai- elided 31 Mai'cli 2022. 10. STAFF COSTS 2023 2022 Wages aiid salai'ies Staff ii'aiiiii)g & ivelfai'e 800,081 10,384 764,719 3,773 810,465 768,492 Tlie avei-age iiioiitlily Iiiiinbei. of einployees diii-iiig tlie year was as fol lows.. 2023 52 Staff 2022 52 No einployees I'eceived eiiioliiiiieiits iii excess of £60,000. Page 18 continiied...
EI SI<RA CHILDCAREI LIMITEI D NOTfi S TO THI filNANCIAL STATEI MEI NTS- contiiiuc(I FOR THEI YEI AR EI INDID 31 MARCH 2023 11. TANGIBLE FIXED ASSETS Eqiiipiiieiit, Leasehold fixtiii'es iinpioveinents & fittiiigs Totals COST At l Api'il 2022 Additioiis 160,496 2,160 168,536 10,760 329,032 12,920 At 31 Mai'cli 2023 162,656 179,296 341,952 Dll PREI CIATION At l Api'il 2022 Cliai'ge for yeai. 76,768 8,589 137,729 8,313 214,497 16,902 At 31 Mai'cli 2023 85,357 146,042 231,399 Nl(T BOOI< VALUE At 31 Mai'cli 2023 77,299 33,254 110,553 At 31 Mai'cli 2022 83,728 30,807 114,535 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONEI YEI AR 2023 2022 Ti'ade debtoi-s Othei. debtoi's 66,052 4,414 63,884 5,034 70,466 68,918 Page 19 coiitinued...
EI SICRA CHILDCARI LIMITfD NOTI4 S TO TIIE FINANCIAL STATIMEI NTS- coiitinued FOR THE YEI AR ENDED 31 MARCH 2023 13. CREIDITORS: AMOUNTS FALLING DUE WITHIN ONE YEI AR 2023 2022 ',1de ci'editoi's Social secLlI'ity aiid otl)er takes Otliei- ci-editoi's 11,294 12,725 19,492 7,005 2,390 22,405 43,511 31,800 14. CRLI DITORS: AMOUNTS fiALLING DUE AFTEIR MORE THAN ONE YEI AR 2023 2022 Defei'i'ed (rovei'iiineiit gi'aiits 26,386 32,951 15. IVIOVEMEI NT IN FUNDS Net Inoveiiieiit iii fLiiids At 31.3.23 At 1.4.22 Uni'estricte(I fiin(Is Gciiei'al fiiiid 230,618 53,759 284,377 TOTAL FUNDS 230,618 53,759 284,377 Net Inoveiiieiit iii fiiiids, iiiclLided iii tlie above are as fol lows: liicoiiiiiig resoiii'ces Resoiirces expeiided Moveiiient iii fiinds Uiii'estriete(I fiin(Is Geiieral fliiid 1,049,517 (995,758) 53,759 TOTAL FUNDS 1,049,517 91)5,758) Page 20 continiied...
I SICRA CFIILDCARI LIMITED NOTEI S TO THI FINANCIAL STATEMINTS- continueil r4OR THE YEI AR ENDED 31 MARCH 2023 15. MOVEMENT IN fi UNDS - continued Compai'atives foi. n)ovemei)t in fiinils Net Inoveinent iii fiinds At 31.3,22 At 1.4.21 Uiii'esti'icte(I fiiiiils Geiiei'al fLiiid 188,766 41,852 230,618 TOTAL FUNDS 188,766 41,852 230,618 Coinpai'ative i)et Inoveineiit iii fLiiids, ii)cliided iii the above at'e as fol lows.. Incoining iesoLlI'ces Resoiii'ces expeiided Movenieiit ILI fiiiids Unresli'icted fuii(Is Geiiei'al fiiiid 983,327 (941,475) 41,852 TOTAL FUND.8 983,327 941,475) 41,852 16. REILATED PARTY DISCLOSURES 'riiei'e wei'e iio i-elated paity ti'aiislc clioiis foi. the yeai- elided 31 Mai'ch 2023. 17. rRC EI THICAL STANDARD. PROVISIONS AVAILABLE f4OR SMALL ENTITIEI S Iii coiniiioii witli Inaiiy othei. biisitiesses of OLII. size and iiatiire we Lise OLir aiiditors to assist witli tlie pi'epai'atioii of tlie finaiicial stateinei)ts. Page 21
SI<RA CHILDCARE LIMITED Dri TAILED STATEMLI NT or FINANCIAL ACTIVITIEI S riOR THE YEAR ENDED 31 MARCH 2023 2023 2022 INCOME AND LI NDOWMIINTS Donatioi)s aii(I legacies Donatioiis 15 215 IniiestJnent income Iiilei'est on casli deposits 42 Chai'itable actlVAties Fees Ediicatioii Aiitliority Ti'aiiiiiig gi-aiits Parents fees (voliintai'y) Milk Gi'aiits & covid siippoit M iscellaiieoiis iiicoine 870,469 97,045 1,500 7,525 1,848 56,813 4,734 795,761 90,526 3,500 6,979 1,583 71,825 3,631 1,039,934 973,805 OtlieR' income Goveri)Ineiit gi-aiits I'eleas¢d 9,565 9,265 Total incomiiig I'esoui"ces 1,049,517 983,327 EXPENDITURE Other Food & catei'ing 51,673 42,603 Sui)poi't costs Maiiagement Wages & salai-ies Staff ti'aiiiiiig & welfai'e Water rates Iiisui'aiice Liglit & heat Teleplioiie & fax Cai-i-ied foi'wai'd 800,081 10,384 1,608 3,059 9,893 2,009 827,034 764,719 3,773 1,708 4,914 8,068 1,872 785,054 This page does Iiot form pait of tlie statiitoiy finaiicial stateiiients Page 22
EI SIIRA CHJLDCARE LIMITED Dri TAILED STATEI MEI NT OF FINANCIAL ACTIVJTIII S roR THE YE4 AR EI NDED 31 MARCH 2023 2023 2022 Maiiageiiieiit Bi'oiiglit foi'wai'il Statioiieiy & coinpiitei-s Baiili cl)ai'ges Cleai)ii)g Ti'avcl & siibsisteiice Relit Repaii-s & Inaiiiteiiaiice SLlI)di'y expeiises Coiisiiltaiicy fees Photograpliei. Doiiatioiis Resoiii'ce Inaterials Developineiit activities Taxi costs - clii Idi'cii Un ifoi'ins Depi-eciatioii of taiigible asset 827,034 8,427 505 8,983 270 13,694 21,754 3,498 15,441 785,054 7,451 738 9,346 724 14,658 24,034 2,315 9,946 360 280 14,762 2,926 4,130 977 17,005 13,281 7,006 2,300 16,903 939,105 894,706 Govei'iiance costs ALid itoi's, i-einiiiiei'atioii 4,980 4,166 Total I'esoiii'ces expeiided 995,758 941,475 Net IllLonie 53,759 41,852 Tliis page does not foi'ni pait of tlie statlltoi'y fiiiancial statenieiits Page 23