REGISTERED COlkTPANY NUMBER: N1044971 (Northern Ireland) RECJSTFRED CHARITY NUMBER: NIC106089 REP RT FTHETR TEE AND FINAN IAL TATENENT FOR TItE YEAR END D31MAR H 2023 FOR ESKRA CHTLDCARE LIIVUT McAleer Jhckson Ltd Chartered Accouiitanls & Sialiiiory Auditors Cl)urch House 24 Diiblin Road OMAG14 Co. Tyroiie BT78 1 H.E JCIWKLOY 2211212023 COMPANIES HOUSE .JNI
339
ESKRA CHILDCARE LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 P2go Referencc and AdmiJ)istralive Delails Report of the Truslees Reporl of thc Indepcndent Auditors Stxtemcnt of Financial Activities 10 Biilance Sheet Cash FIDW Statement Notcs to the Cash Flolv Stalemenl 14 Notes to the FinAncial Slalemenls 15 10 21
ESKII4 CHILDCARE LIMITED REFERENCE A]YD ADMllYlS'fRA"fivE Dll TAII.S FOR THE YEAR ENDLD 31 MARCH 2023 TRUSTEES C Mccarney S McEvoy J A Bxies S M Loii8hran L M Firlh P Shiels D Mccarroll (appointcd 1.8.22) coPANy SF.CRFTARY C Mccaffrcy RECISTER.ED OFFICE 167 Neivtoivnsaville Road Omagh Co. Tyronc B"r78 2RJ REGISTEIIED COM.PANY NUMBF.R N1044971 (Northern Irclaiid) REGISI'EIIED CHARITY NUMBF,R NIC106089 AUDITQRS McAleer Jackson Ltd Chartered Accoiinianls & Statiitory Auditors Cl)urch 14ouse 24 Diiblin Road OMAGFI Co. Tyrone BT78 1 HE BANKERS Danske Bank 5-7 Market Street OIMAGH Co. Tyrone BT78 IBN Page I
ESKRA CHILDCARE LIMITED EGISTERED NulER. N1044971 REI)ORT OF THE TRUSTF.F.S FOR THF YEAR II NDED 31 MARCH 2023 Tli¢ Irustees ivlio are also direclors of tlie charity for Ilie purposes of tlie Compaiiie5 Act 2006, pr¢scnl tlicir rcporl iviih Ihe financial slalcmei)Is of tl)c cl)arily for tl)e year L'ndLd 31 March 2023. The Iriisl¢cs havc adopted Ilie provisioiis of Accountiiig aiid Reportiiig by Clitiritics: Siateinent of Recominended Praclice applicable lo charilies preparin8 their accoui)ts accordance iviih tlie Finaiicial Rcporting Sl<111dard applicable in ihe UK and Republic of Irelaiid (fRS 102) (effective l January 2019). OBJECTIVES AND ACTJVITJES Objectives and aclivi¢i¢s Eskra Childcare Ltd operales a ivrap-aroiind daycare service and playgroup based in ihe local community centr¢ in Lskra. The business ivas set up in 2001 lo provide childeare soliitions for parents in this relatively disadvantaged riir81 community and li¢lp siistaiii niimbcrs at the local priiiiary school. Our Goals skra Childcare Lid will advance the education of childr¢n up 10 ili¢ ag¢ of12 ycars by'.- l . Providing Ili¢ necessary faci lilies for the daily care, rLLr¢ation and education of Lhildi¢n. which is afTordablc aiid Rccesiblc to fam ilies in Ille Eskra cominiiiiily aiid wider district. 2. Meeling the social, educational and developinei)lal necds of prc-school children iii the Cskra coinmiinity and vider disiricl by the provision of pre-scliool education. The company is a re8islered charity linder registration number NIC106089. Public benefit Eskra Cliildcare Ltd delivered si8nificant piiblic benefit against bolh objeclives over the last irading period. Iii tlie financial year eliding 31 Mllrcli 2023 Eskra Childcare l.,td providcd;. Pre-school ediicalion for 47 cliildren <iged 3 4 years.. aiid A stimulating ei)vironment for 274 children aged 5 Inonihs- 12 years Page 2
ESKRA CHILDCARE LIMITED REGISTEIIED NUMBER: N1044971 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 ACHIEVEMENT AND PERFORMANCE ChAritAble aL¢ivitios Dijriiig 2022123 tlic business sloivly caine out of tlie COVI D I'estriclioiis. li is to ilie oiitstand iiig cred ir to tlie Inaiiageii)enl teain and staff that the bi)sin¢ss lia5 survivcd and niade it ihroiigh another fiiiancial year. In spite of such a challenging year, the staff of playiiine seciired aiiother grant from the patliivay fund for the professional development of staff i1nd slaff ¥villing gave up leisure tiine to utidertake trainiiig. Key Highlights Siiice COVID, the coinpan>' has experienced severe difficiilty in recruiliiig iieiv staff. We respondcd by ovcrliaulin8 oiir siaff remuiieration ivliich raises OLif itr8lLiable staff significanily above the Iia¢ioiial iii i li ini Llln 'age. "fiiis is facf is sometliing ive are pleased aboLii but Liiiforliinalely it means a corr¢sponding increasc in fees for our pareiits. Our Goals for Next Year Complele the iiiajor ovcrhaul of oiwr recruilment, r¢muneratioii and staff striicfus ilT Playtiin¢. After COVID restrictions, Ive plan to conlinue our engagcment iviili pareiit51carers, grandparents, and tlie local community by exteiiding the opportunities for them to become involved ivithin our pre-school programme. le plan to slrengtlien oiir finance and governance systems ivith iiivestment in sofhvare aiid training for sta ff and d ireclors. FINANCIAL REVIEW Financial position Eskra Childcare Ltd is delighted to repon an e.xcel lent financial perforinaiice. Risk's & Uncertainties The Inain risks for ilie charity in the ne.xt year is ihe difficulty in re¢ruitii18 staff and retaining qiialified st2fr. Principxl funding sourcc5 rskra Cliildcare Lid geiierates 840/0 of its incoine from fees fi'om parents ii,Iio use tlle ¢liildcare facility. "rhe coiiipany also received £97,045 from tlie Departmcnt of Fducatioii lo deliver a pre-scliool education ciirriciiliim ror 47 local children aged 3-4 years. Reserves policy The Trustees aim to llold sufficieiit designated fiinds 10 support social enterprise activity. Iii add ition, reserves are mainlained to proiiide a hedge agaiiisr tl?e loss of traditioiiaj project fuiiding for the deliver), of Eskra Childcare Ltd.'s objectives, and to flind the Charity'5 capital and property maiiitenance plans to fund for tlie lipk.eep and Teneival of premises. The Truste¢s are satisfied tlie designated funds remain adequaie for the tiiiie being. Page 3
ESKRA CHJLDCARE LIMITED EGISTERED NUMBER: N104497J KCI PORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 FINAI%'CIAL REVJEW Going concern I'he irusiecs have assessed, based on ilie aiiricipated activities of the cliarity. tl)al iliere are adequatc resources iii place lo meet tlie on-8Oi118 Costs of tlie chArily for a ininiiniim of 12 months froni the dale of si81iing of ilie rinaiictal slaleinenls. Iii coming to this concliision, Ihe Irijslees have assessed Ihe L'ntity's currcni finaiicial arrangeineiils aiid availabl¢ resources of Ihe charily. For this I'easoi), Ihe financial stateineiits llave been prepared on a goiiig concern basis ivliich presuines the realisation of assels and liabilities in tlie nomial course of busiiiess. STiiucfuR.F. GOVERNANCE AND MANAGEMENT Coverning document 'lkne charity is coiilrollcd by ils governing dociimeiit, a deed of irust, and coiistitutes a l imil¢d compan>,. liin ited by guarantee, as defjned by tlie Coinpanies Act 2006. Orgknisational slructure Eskra Childcare Ltd is Inanaged by 7 trustees nominated by the local coiniiiunity aiid parents using the daycare service. The Irustecs arc also directors ofihe coinpdny. Chairpersoii., Cliris Mccarney Company Secretary: Colette Mccaffrey Treasuref: Stephen Mccvoy Tlie direclorsltrustees meet at least foiir tiines per year aiid individual Irustees lake specific respoi)sibility for financial issues, HR issues, policies and S<ifegiiarding. STATEMF.N'f OF TRUSTEES, RESPONSIBILITJES The triistees (ii.ho are also tl)e dircctors of Eskra Childcare Liinited for tlie purposes of coiiipany laiv) are responsible for preparing the Report of the Trusiees aiid tl)e financial statements in accordan¢¢ ivitli applicdble la¥v and Uiiitcd Kiiigdoin Accoiinting Sidiidards (Uniled Kin8doin Gencrally Acceptcd Accounting Practice)- Coinpany law rcqiiires tIiL' Irusiees io prepare financial slatemenls for each financial year ii.hi¢li give a irue aiid fair vieiv of the state of affairs of tlie cliaritable company and of the incoming resources and application of resources, iiicliiding tlie income and e.xpenditure, of the cl)arilable company for that period. In preparing those riiiancial staleiMci)ts, tlic Iruslecs are rcquircd lo sele¢1 suitable accounting policies and then apply them consislenlly; observe the meihods and principles in the Charity SORP. make judgeinents and eslimates that are reasonable and priident; prepare thc financial slatcincnts on ihe going concern basis unless it is inappropriate to presiime that the cliarilable company iyill conliniie in business. Page 4
ESKRA CHILDCARE LIMITED REGISTERED NUMBF IY104497J REPOIII" OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT OF TRUSTEES, RESPONSIBILITtES- continued The trustees are responsible for keeping proper accouiilii)g records ivhich disclose ivilli rcasonable accuracy at aiiy time the financial posilion of the charitable company and to enable them to eiisiirc that ihe fiiiaii¢ial statemenls comply iviili the Compaiiies Act 2006. Tliey are also rcspon%ihle fnr safe.giiarding the a55ets of the charitable compaiiy and l)ence for laking reasonable steps for the prevention and detcction of fraiid and oiher irregularities. In so far as the Iruslees are aware: tliere is no r¢levai)t aiidit informalion of ivliich the cliaritable company's aliditors are 111)aivare' and the inisiees liave laken al I sleps thai they oiiglit io liave takeii lo Inake tl)emselves aiyare of any relevant aiidit inforination aiid to establ isli tliat tlie auditors are aivare of that infornialion. AUDITORS The auditors. McAlcer Jack50n Lid, Ivill be proposed for rc-appoinlmenl at the fortlicoiniiig Aiinual General Meeting. This report has beei) prepar¢d in accordance iviih ilie special provisions of Part 15 of tlie Compaiiies Aci 2006 relaiing to sinall coiiipaiiies. Approved by order of tho board of trustees on 21 De¢einbei' 2023 aiid signed on ils belialf by: C Mccarney - Trustee Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF F.SKRA CHILDCARE LIMITED Opinion W¢ have aLidiled tlie financial stateiiients of Lskra Childcare Liinited (Ihe 'charitable company,) for tlie year ended 31 M¢ir¢h 2023 11,hich coi)Iprisc tlie Statcinenl of Financial Activities, tlic Balance She¢t, rlie Casli fio¥v Sialcniei)l aiid iioles to tlic fiiiancial slalcineiils, incliiding a siimniary of sigiiificaiil giccoiinli118 policies. Tlie financial reporti n8 frameivork Ihat has been applicd in their preparalioii is applicablc laiv and Uniled K i Iigdoin Accoui)ling Staiidards (Uiiited Kingdom Generally Accepted Accoiintin8 Practice). In oiir opinion the financial staternenls: give a trii¢ ai)d fair vici%' of tlie stale of tlie charitable coinpany's affairs as at 31 March 2023 and of ils incoming resources and application of r¢sourccs, including ils incoinc and e%p¢ndilt)re. for the year theii have been properly preparcd in accordance ivith United Kingdom Generally Accepted Accouiitiiig Practice. aiid h8I1e b¢¢n prepared in aLcordance witli the reqiiiremenis of the Compaiiies Act 2006. Basis for opinion We conducted our audit in accordance with Inteniational Standards on Auditiiig (UK) (ISAS (UK)) and applicable laiv, Oiir responsibilities undcr ihose standards are fiirthcr d¢scribed in the Aiidilors, r¢spoi)sibi l ities ror tlie aiidil of Il)e financial staleinenls section of oiir report. We are independent of the charitable compaiiy in accordance ivitli Ihe elliical requireincnls that are Televant to oiir aiidil of Ihe financial slaleinenls in the UK, iiicluding the fRC's Ethical Standard, and tlie provisions avai lable for .smal I cnlities, iii tlic circumstances set OLIt in iioie 17 10 tlie finaiici81 stalemenls, and wc liave fuifillcd our other eili ical respoiisibi lities in accordance ivith Ihese requireinents. We believe tliat tlie audil evidence we have obtaincd 15 5uffici¢nt and appropriate to provide a basis for our opinion. Con¢lusion$ relaling to going conccrn In auditlll8 tlie financial statcments, Ive have ¢oncliided that tlic truslces, Iise of Ilie going concern basis of uccoiiniing in the preparation of the fiiiancial sfaleincnts is appropriaie. Based on the ivork ive have performed, we hav¢ nol identified any matcrial uncertaintics relating to events or conditions that, iiidividiially or collectively, Inl¢ y cast significaiit doubt on the charitable company's abiliry to continue as u goiiig concern for a period of at leasl livelvc iiiontlis froin ivhci) tlic financial stalemcnls are aiiilioriscd for issue. Our responsibililies and tlie responsibilities of the triistees ivith respect to 8oin8 concern are described iii tlie rclcvant sections of this rcport. Page 6
KEPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ESKRA CHILDCARE LIMJTED Oihcr information The Irustees are responsible for ihe other iiiforiiiation. The other inforn)atioJi comprises the informatioii included in the Annual Reporl, other than the financial stateineiits aiid oiir Report of ihe Iiidependenl Aijdilors tliercoii. Our opinioii on the fjiiancial stateineiils does iiol cover the orher inforinalion and, eicepi 10 the e.xtcnt oihernvise ¢xplicitly stated in our rcport, Ivc do not express any form of assuraiice coi)clusioi) rhereoii. In connection ivith our audit of ihe fiiiaiicial stateinenls, oiir respoiisibility is to read the otlier iiifonnatioi) and, in doing so, considcr ivliether the other inforinalioii is niaterially inconsisteiit iviih the fiiiancial statemcnls or our Knoivledge obiaii)ed in the 8udil or oillerivise appears to be Inaterially misstated. Ir we ideiilify such material inc0115isleiicies or apparent ihaterial Inisstaieineiits, ive are required to determine ivhether tl)is gives rise to a material misslateinent in the financial slatemenls themselves. If, based on tlie ivork ive have perfonncd, li'e conclude tllat there is a Jnaterial In isslateinenl of iliis other inforinalion, Ive are reqiiired to report tl)at fact. We have nothing to report iii iliis regard. Opinions on Other matlcrs pre$cribed by the Compunies Act 2fK16 In oiir opii)ion, based on ihe ivork iindertaken in the course of tl)e alidit: Ihe inforniation giveii in ihe Report of Ilie Trustees for tlie fiiiancial year for which tli¢ financial stateinents are prepared is consistenl iviih ihe financial slaleineiits. and the Report of the Triistees has beeii prepared ii) accordance ivith applicable legal reqiiireiiienls. Matters on ivhich M'c Hre requircd ¢0 report by exccplion In ihc lighi of ilie ki)o¥i,Icd8e and iJndersiAiidiiig of Ilie charitable compaiiy ai)d its environiii¢nt obtained ii) the course of Ilie audit, li'e liave Iioi idenlified material m isslalements in Ihe Report of ihe Triisrces. We have notlii1i8 lo report in respect of il)e folloivin8 Inaiiers ivliere the Companies Act 2006 reguires us to report to yoii if, ii) our opinion.. adcquate accouiiiin8 records liaiie llol been kepi or returns adeqiiale for our audii have not beeii received from brancl)es ilot visiied by us. or tlie financial slaleii)eiits are iiot in agreemenl ivith the accounting records and returns. or certain dilo511reS of trustees, remiineratioii specified by laiv are iiol made. or vc have not received all the infonnatioii and explai)atioiis ive rcquire for our audit; or the triistees iver¢ not entitled to tak'e advanlage of tlie sinall coinpanies exempiion froin the requireinent to prepare a Slrategic R¢port or in preparing the Repon of tlie Triislees, Responsibilities of trustccs As elplained more fully in the Statement of Trustees, Responsibilities, the Irust¢es (Ivho are also the dir¢ctors of the charitable compan), for the piirp0se5 Of coinpany laiv) are responsibl¢ for the pr¢paratioii of the financial statements and for beiiig satisfied that thev give a triie and fair vieiv, and for Such internal cnnl.rnl A.$ the triistee.% determine is necessary to cnable (lie preparalioi) of financial stalements Iliat are free froin inaterial misstatement, Ivheiher diie to fraud or error. In preparing tlie financial slaiements, the trustees are responsible for assessiiig tlie charitable company's ability to continue as a going concern, disclosing, as applicable, matters related 10 going concern and using the going concern basis of accounting unless the triislees either intend to liqiiidale the charitable company or to cease operalions, or have (io realistic aliernative but to do so. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ESKRA CHILDCARE LIMITED Our responsibilities for the audit of the financial statements Oiir objectives are to obtain reasoiiable assurance about ii,hether the finaiicial stateinents as a ivhole are free from i)iaterial m isstateiiient, Ivlietlier due to fraiid or error, aiid to issue a Report of tlie I iidepcndent Auditors that iiicliides our opinioii. Rcasoiiable assurance is a higli leiiel of assiirance, biit is nol a guaraiilee Iliat an aiidit coiidiicted iii accordaiice with ISAS (UK) Ivill alivays detect a material Inisslalemenl ivheii it exist5. M isstateinents can arise froin fraud or error and are coiisidered material if. ind ividiially or in the a88regate, Ihey coiild I'easonably be expected to i nfliiencc the economic decisions of L15ers takeii on tlie basis of these financial staleinents. Tl)e extent to ivhich oiir procedures are Capable of detecting irregularities, incliidins fraud is detailed beloiv: Iii identifyin8 and assessing risks of rnaterial IiiiSSlalenieiit in respect of irregularities, includiiig fraud aiid non-com plihi)cc ii'ith laivs and regiilations, Ive considered tlie folloivii)g'. the nature of the indiisiry and sector, control environinent aiid business performance including the Coinpany's remuneralion pol icies. results of oiir enquiries of Inanag¢rnent aiid olher key pcrsons aboul the Company's oivn identification 8iid assessineiit of the risks of irre8iilarities, including those thai may OCCLir eitlier as a result of fraud or error, arid matters we identified from our revi¢iv of the Compai)y's policies. procedures and internal coi)Irols; and Ihe Inatters disciissed ainong the ai)dit engagement leain regarding pot¢ntial indicators of fraud aiid ivhere it In iglit occur iii Ihc fiiiai)cial stacemeiits. We also obtained an uiiderstanding of the legal and regulalory frameivork that tlie Coinpaiiy operates in, focusing on provisioiis on ihosé that had a direct effecl on material amoiints and disclosures iii tlie financial Slateinents. The key laws and re8iilations ive considered ii) this eonleyt iiicluded the UK Coinpanies Aci,, l)ealtli and safety regiilations togeiher il'ith provisions of other laivs and regLilations that do not have a d irect efrTect on the finaiicial slatem¢nt5, but compliance ivith ivhich may be fundan)¢nial io tlie Company's ability to operate In addressing the risk of fraud throLl811 managemen¢ override of controls, Ive iested ihe appropriateness of journal entries and other adjustments- assessed ivhether ihe judgements made iii m<ikin8 accoiiiiting estiinalcs are indicative of a potentia I bias. and evaliiated ihe business rationale of any significant transactions tliat are uniisLial or outside tlie normal ¢ourse of business. Becausc of the inher¢ni limitations of an audit, there is a risk ihat Ive ivil I not detect al l irregularities, includiiig tliose leadin8 to a material misstateineiil in tlie finaiicial slatements or non-compliance ¥vitli regulation. This risk iiicreases the more thal coinpliance with a laiv or regulation is renioved from the events and transactions renecied in the finaiicial sialeinents, a5 Ive ivill be less l ikely to become aivare of instances of non-coiii pliance. The risk is also greater Tegarding i¢gUlarItIeS occurring due to fraud ratlier than error, a5 fraud iiivolves intenlional coiicealmenl, forgery, collusion, oin ission or misrepreseiilation. A further description of our responsibilities for the audit of the financial scaiemcnrs is located on the financial Reportin8 Council's ivebsite at wiviv.fr¢.org,ukJauditorsresponsibilities. This description forms part of oiir Repon of the Independent Auditors. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ESKRA CHILDCARE LIMITED Use of our report I'his report is made solely to thc charilable coinpany's membcrs, as a body, in accordance iviih Cl)apter 3 of Parl 16 of the Companies Act 2006. Our audit ivork has beeii undertaken so tlial li'e rniglit state io Ihe cliaritable coiiipany's mernbcrs those matters ive are reqiiired to slate lo Ihein in ali auditors, report aiid for no other purpose. To the fullest exteiit perin itted by laii., Ivc do not accepl or assiim¢ respoiisibil ity to anyone other il)aii Ihe cliaritablc coinpiiny aiid Ilie charitable conipany's in¢mb¢rs as a body, for our audil work, for Ihis report, or for the opiiiions we liave formed. Michacl Barnert (Senior Siatutory Auditor) for and on behalf of McAlecr Jackson Ltd Chart¢red Accounlants & Sialiitory Aiiditors Churcli House 24 Diiblin Road OMAGH Co. Tyrone BT78 1 HE 21 December 2023 Page 9
ESKRA CHILDCARE LIMITED STATEMENT OF FINANCIAL ACTIVITIEI S FOR THE YEAR ENDED 31 MARCH 2023 2023 Total funds 2022 Total funds Unrestricted Restricted fund fi)nd Notes INCOME AND ENDOWMENTS FROM Doiialions and legacies Js Js 215 Charitable activities Childcare activities 1,039,934 1,039.934 973,80S liivestment income Other income 42 Total 1,049,517 1,049,517 983.327 EXPENDITURE ON Charitable Aclivities Cliildcare activities 944,085 944,085 898,872 Otlier 42,603 TolAI 995 758 995 758 941475 ]YET INCOME 53.759 53,759 41,852 RECONCILIATION OF FUNDS Total funds broiisht forivard 230,618 230,618 188,766 TOTAL FUNDS CARRIED FORWARD 284,377 284J77 230618 The noies form part of these financial staiements Page 10
ESKRA CHJLDCARE LIMITED REGISTERED NUMBER: N1044971 BALANCE SHEEI T 31 MARCH 2023 2023 Total funds 2022 Total funds Uni'cstricted Rcsiricted rund fund Noles FIXED ASSETS Tangible assets J 10,553 110,553 114,535 CURRENT ASSETS Debtor5 Cash at bank and in hand 12 70,466 173 255 70.466 173 68,918 243,721 243,721 180.834 CREDITORS Ainoiii)ts fallin8 due within one year 13 {43,511) (43,511) {31,800) NET CURRENT ASSETS 200,210 200 149 034 TOTAL ASSETS LESS CURRENT LIABtLITIES 310,763 310,763 263,569 CREDITORS Ainoiints falling due after more (han one year 14 (26J86) (26J86> (32,951) IYET ASSETS 284 377 284J77 230,618 FUNDS Unresiricled funds Is 284J77 230618 TOTAL FUNDS 284J77 230,618 The noies form part of these financial statements Pagell continued..
ESKRA CHILDCARE LIMITED REGISTEREI) NUMBER: N1044971 BALANCE SHFET - conliiiucd 31 MARCH 2023 "riiese financial slalcinenls have beeii prepared iii <lccordancc iviih tlie provi5ion5 applicable to charitable companies subjecl to ilie small coinpanies regime. The financial staleinenls iver¢ approved by the 13oard of Truslees aiid aulhorised for issue on 21 December 2023 aiid ivere signed on ils bel)alf by: C Mccarney - Triistee The notes form part of these fjnancial slalernenls Page 12
ESKRA CHILDCARE LIMITED CASH FLOW,SI'A'I'EMEIYT FOR THE YEAR FNDED 31 MARCH 2023 2023 2022 Noies Cash flows from operaling aclivilies Casli 8enerated from operations 64,691 Net cash proiiided by operaling activities 64.69J Cash floii's from investing activities Purchase of iangible fixed assels I nlerest received (12.920) (3,500) 42 Nel cash iised in investing activities J2,917) Cash noivs from financing 2clivities C>raiits released Nct cash proi*ided by financing activities Change in cash and cash equivalents in the reporting period C#sli aii(I,c2sh equivalents Al tlie bcginning of Ihc reporting period 61 J39 25.316 111.916 Cash Nn(I cash equivalents al the end of the rcporling pcriod 173 2SS The notes fomi parl of these financial slatements Page 13
ESKRA CHILDCARE LIMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 RECONCILtATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTTVITIES 2023 2022 Nct income for the reporting pcriod (as per tlie Statemenl of Financial Activities) Adjustments for: Depreciation charges Inleresl received Grants released I ncreas¢ in debiors I n¢reas¢l(de¢rease) in creditors 53,759 41,852 16,903 (3) (9,565) (J,549) 5,146 17,005 (42) (9,265) (13,768) 16273) Nel cgsh provided by opcrations AIYALYSIS OF CHANGES I]¥ NET FUNDS At 1.4.22 Cash flow At 31.3.23 Nct cash Cash at bank and in hand 173 255 173 255 Total ljl 9J6 173 2SS The notes form part of these financial stalements Page 14
ESKRA CHILDCARF. LIMITED NOTES TO THE TrINANCIAL STATEMENTS FOR THE YEAK NDID 31 MARCH 2023 ACCOUNTING POLICIES Basis of preparing Ihe financial statenients The fiiiaiicial slateinents of th¢ charitable coinpany, Ivhich is a public benefit entit)J uiider F-RS 102, have bceii prepared iii accordance wilh ihe Cliarities SORP (FRS 102) 'Accoiinliii8 aiid Reporting by Charilics.. Stateinent of Recommended Practice applicable to clilirities preparing their accoiints in accordance ivith Ihe financial Rcporting Standard applicable iii thc UK and Rcpublic of Ireland (FRS 102) (effective I Janiiary 2019),, financial Reporting Standard 102 '1-he Financial Reportiiig Siaiidard applicable in the UK and Repiiblic of Ircland, and ihe Companies Act 2006. Thc financial sialcmeiits Iiavc becn preparcd linder the historical cost convention. Ineome All iiicoine is recognised in il)e SiatemLnl of inJncial Activities once Ihc cliarit), lias entillement to the fiinds, it 15 probablc Ihal tlie incomc ivil I be rcccivcd and tlic amount can k ineasurcd reliably. Expenditure Liabi litie5 are recogi)ised as e.Ypenditure as sooii as Ih¢re is a l¢oal or ¢onsrriictive obligation committiiig Ihc charity lo Iliat c,xpcndiliir¢, il is probablc tlial a transfcr of economic benefits ivill be required in selllemeiil aiid the amolinl of the obligafioii can be Ineasured reliably. F.xpcnditurc is accountcd for on an accnials basis aiid lias bcen classificd under lieadi1i8.S that aggregate all cost relal¢d lo Ihe ¢ai¢gory. Wliere costs cannot bc direcily aftribiited to particiilar lieadings (h¢y have be¢ii allocAtcd to acliviiies on a basis ¢onsisicnl ivith tlic Iise of rcsources. Tangible fixL'cl Assets Depreciatioii is pi'ovided al the folloiviiig anniial rales ii) order io ivrire off each asset over its estimaled usefiil l ife. Leasehold iinprovemeiils Equipinenl, fixturcs & fittings I 00/0 on rediicing balance 200/0 on redii¢ing balance Taxation I"he charity is exeinpt froin corporation tax on its LhHritable aclivilics. Fund 2ccovnting Uiirestricll'd fuiids Gan be iised in accordaiice iviih lh¢ ¢l)arilable objectives al tlie discretion of the Irusiees. Restricted fiinds can onl), be used for particular reslrictcd purpo%es ivithin the objecrs of il)e charity. Restriclions arise ivhen specbficd by ihe donor or ivheii funds are raised for particular restricted piirFx)scs. Further explai)ation of Ihc naiure and purpose of each fund is included in tlie iiotes to the financial stalements. Hire purchase and leasing ¢ommilments Rentals paid uiider operating leases are charged to Ihe Statement of Finaiicial Activities on a slraioht line basis oiler the pcriod of the lease. Page 15 continued...
ESKRA CHILDCARE LIMITED NOTES TO THE FIIYANCIAL STATIMEN'I'S - continucd FOR THE YEAR ENDED 31 MARCH 2023 ACCOUhYTING POLJCIES - continue(I Pension e05ts and othcr post-rotirenient bcncfits The cliaritable coiiipany operales a defincd contribLltioii pension scheme. Contributions payable to tlie charitable company's pensioii scl)eme are charged to the Stalemenl of financial Activities in tlie period to Ivhich they relate. Debtors and creditors receivablelpa)'able ivithin one ycar Dcbiors and credilors ivith no slated interest rate Éind reLeivable or payable withiii one year are recordcd at transaction price. Any losses arising froiii impairineiil are reeognised in ihe incoine and expenditiire accoiint in managemcnt aiid adiiiiiiistrarivc expcn5es. CR.ITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY E5tiinate5 aiid jiid8emenls are reqi)ir¢d ivl)en applying accoiintlll8 pol icies. These are coiitinual ly evaluated and arc based on hisiorical experience and other factors, incliiding expeclalions of futiire events that are believed to be reasonable under the circumstances. Recoverability of debtors Eslimati's are Inade in respecl of the recoverable valiie of trade and other debtors. When assessin8 tlie level of provisions required, faciors incliiding current tradin8 eiperience, historical e.Iperience and tlie aging profile of debtors are considered. Useful econoni ic lives of iaii8ible assets Tlic anniial deprccialioii charge for tan8ible assels is 5en5itive to changes in ihe estiinated useful economic lives and residual valiies of the assels. The useful e¢onoini¢ lives and rcsidual valiies ar¢ re-assessed annually. Tl)ey are aniended ii,licn iiecessary to reflect current estimates. based on futiire inve%tments, econoinic ul ilisalion and the pliy5ical cond itions of the assels. DONATIONS AND LEGACIES 2023 2022 Donations 15 215 Page 16 continued,..
ESKRA CHILDCARE LIMITED NOTES TO THE FINANCIAL STATEMENTS- coDtinued FOR THE YEAR ENDED 3.1 MARCH 2023 INVESTMENT INcolF 2023 2022 I nlercsl oli cash deposits 42 INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Acliiiity Cli ildcare activities Chi Idcarc activilics Cl)ildcare actiiiities Childcare activities Childcare activities Childcare activilies Childcare activities Fees Cd(Icalion Aiirliority I"rainiiig grants Parcnls fees (voluntary) Milk Granls & ¢ovid support M iscellaneoiis incoine 870,469 97,(MS 1,500 7,525 1.848 56,813 795,761 90,526 3,500 6.979 1,583 71,825 1039 934 973 805 CHARtTABLE ACTIVITIES COSTS Support costs (sce note 7) Childcare activilie5 944 08. SUPPORT COSTS Governance costs Mana&Jement I"otals Clii Idcare 8ctii*ities 939 105 4,980 944,085 Page 17 continued..
ESKRA CHILDCARE LIMITED IYOTES TO THE FI]YANCIAL STATEMENT continued FOR THE YEAR EINDED 31 MARCH 2023 NF.T INCOMEI{EXPENDITURE) Net incomel(eNpenditLire) is stated after charginpJ(crediting)- 2023 2022 Auditors, reinuneration Depreciation - Olviied assels 4,980 4,166 TRUSTEES, RE1UNERATIoN AND BENEFITS There Nvcre no trusiees, remuneration or otlier beiiefils for the year ended 31 Mar¢li 2023 nor for the year ended 31 March 2022. Trustees, exponses There NYer¢ no iriistees, expeiise5 paid for tlie year ended 31 Marcli 2023 nor for tl)e year ended 31 Marcli 2022. 10. STAFF COSTS 2023 2022 Wages and salaries Siaff Iraining & ivelfare 800,081 764,719 810,465 768,492 "I"he avera8e monthly iiumber of employees during the year was as follo%vs: 2023 52 2022 52 Staff No eniployees received einolumenls in excess of £60,000. Page 18 continued...
ESKRA CHILDCARE LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 11. TANGIBLE FIXED ASSETS Iquipn)ent, Leasehold fixtures improvements & fittings Totals COST Al l April 2022 Additions 160,496 168,S36 329,032 Al 31 Marcli 2023 162,656 179 296 341,952 DEPRECIATION Al l April 2022 Charge for year 76,768 8,589 137,729 214,497 16,902 At 31 Marcli 2023 146,042 231,399 NET BOOK VALUE AI 31 March 2023 110 5S3 Al 31 March 2022 83,728 114535 J2. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 'rrade debiors Other debtors 66,052 63,884 Page 19 continiied,..
ESKRA CHILDCARE LIMITED NOTES TO THE FJNANCIAL STATEME]YTS- continued FOR THE YEAR ENDED 31 MARCH 2023 13. CREDJTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Social security aiid other taxes Oiher creditors 11.294 12.725 7,005 2,390 43,5JJ J4. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2023 2022 D¢f¢rred governmenl grants 15. MOVEMENT JN FUNDS Nei Inovemenl in funds At 31.3.23 At 1.4.22 Unre51ricted funds General fund 230,618 53.759 284J77 TOTAL FUNDS 230 618 284 377 Net movemenl in funds, included in the atove are as folloivs; Incomin8 resources Resources expended Movement in funds Unrestricted funds General fund 1,049,517 (99S,758) 53,759 TOTAL FUNDS 1,049 $17 99S 758 Page 20 continued...
EÈiKIIA CHILDCARE LIMITFD NOTES TO THF FINA]YCIAL STATEMENTS- conlinuL'd FOR THE YEAR ENDED 31 MARCH 2023 15. MOVFMENT FUNDS- continucd Comparatives for movement in funds Net nioi'emenl in funds Al 31.3.22 At 1.4.21 Unrestriclc'd funds General fiind 188,766 41,852 230,618 TOTAL FUNDS 188766 41.852 230618 Comparative nel movem¢n¢ in funds, incliidcd in tlje above are a5 follows: Jncoming resources Resources expendcd Movement in funds Unrc$lricted funds General fiind 983,327 (941,475} 41,852 TOTAL FUNDS 983,327 941,475) 16. RELATED I'ARTY DISCLOSUIIES There ivere iio related party transactions for thc year cnded 31 March 2023. 17. FRC ETHICAL STANDARD- PIIOVISIONS AVAILAIILF, FOR SMALL ENTITIES In common iviih many otlier biisinesses of our size and natLire ive use our auditors to assist ivith the preparation of ihe financial Slatemenls, Page 21