**REGISTERED COMPANY NUMBER: NI044971 (Northern Ireland) REGISTERED CHARITY NUMBER: 106089**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2025**
## **FOR**
## **ESKRA CHILDCARE LIMITED**
McAleer Jackson Ltd Chartered Accountants & Statutory Auditors Church House 24 Dublin Road OMAGH Co. Tyrone BT78 1HE
**ESKRA CHILDCARE LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Report of the Trustees**|2 to 5|
|**Report of the Independent Auditors**|6 to 9|
|**Statement of Financial Activities**|10|
|**Balance Sheet**|11 to 12|
|**Cash Flow Statement**|13|
|**Notes to the Cash Flow Statement**|14|
|**Notes to the Financial Statements**|15 to 21|
**ESKRA CHILDCARE LIMITED**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **FOR THE YEAR ENDED 31 MARCH 2025**
## **TRUSTEES**
C McCarney S McEvoy J A Bates S M Loughran L M Firth (resigned 29.1.25) P Shiels D McCarroll
**COMPANY SECRETARY** C McCaffrey **REGISTERED OFFICE** 167 Newtownsaville Road Eskra Omagh Co. Tyrone BT78 2RJ
**REGISTERED COMPANY** NI044971 (Northern Ireland) **NUMBER**
**REGISTERED CHARITY** 106089 **NUMBER**
## **AUDITORS**
McAleer Jackson Ltd Chartered Accountants & Statutory Auditors Church House 24 Dublin Road OMAGH Co. Tyrone BT78 1HE
## **BANKERS**
Danske Bank 5-7 Market Street OMAGH Co. Tyrone BT78 1BN
Page 1
**ESKRA CHILDCARE LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and activities**
Eskra Childcare Ltd operates a wrap-around daycare service and playgroup based in the local community centre in Eskra. The business was set up in 2001 to provide childcare solutions for parents in this relatively disadvantaged rural community and help sustain numbers at the local primary school.
Our Goals
Eskra Childcare Ltd will advance the education of children up to the age of 12 years by:-
1. Providing the necessary facilities for the daily care, recreation and education of children, which is affordable and accessible to families in the Eskra community and wider district.
2. Meeting the social, educational, and developmental needs of pre-school children in the Eskra community and wider district by the provision of pre-school education.
The company is a registered charity under registration number NIC106089.
## **Public benefit**
Eskra Childcare Ltd delivered significant public benefit against both objectives over the last trading period. In the financial year ending 31 March 2025 Eskra Childcare Ltd provided:-
Pre-school education for 36 children aged 3 - 4 years: and
A stimulating environment for 239 children aged 5 months - 12 years
Page 2
**ESKRA CHILDCARE LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
During 2024/25 the business continues to offer and build on the strong financial performance of the previous year. The business faced a significant challenge when one of the key management team decided on a change in career and leave Playtime. The directors recruited Early Years to help plan for succession. After undertaking a recruitment exercise and exploring the local labour market the solution was found in restructuring the business to give our senior staff more responsibility. It is a great credit to the Childcare Manager that this restructuring of the organisation has been a success and provides a strong foundation for the future of the business.
It was a significant achievement for Playtime to secure another grant from the Pathway Fund for the professional development of our staff and we appreciate the commitment of staff to give up leisure time to undertake training.
## **Key Highlights**
We were delighted to report that staff remuneration has remained above the national minimum wage last year. Unfortunately, it has meant a that our parents faced a significant increase in childcare fees. During the year: -
- Playtime took part in Shared Education Programme with McClintock's Children's Centre, Seskinore and secured £4536.00 grant funding to plan shared sessions with our Partners.
- The company secured Pathway Funds of £30,000 to support Children's Development and Staff Professional Development through Training.
- A new group was established - Tot's Parents/Carers Group which runs term-time and has 10-15 families attending weekly. The project provides a space for child development and reducing social exclusion and supporting Mental Health of parents.
- A grant from Hunter Hill helped install an Air-Con System supporting Staff & Children's well-being
- A grant of £3,000 from Slieve Divena helped upgrade of the Telephone System to cloud based system.
## **Our Goals for Next Year**
We plan to continue our engagement with parents/carers, grandparents, and the local community by extending the opportunities for them to become involved within our pre-school programme.
We plan to build on the Apprentice Programme to develop the skills of staff and improve recruitment.
We plan to strengthen our finance and governance systems with investment in software. We also plan to develop our new core management team and recruit additional directors to build the management capacity and professionalism of the organisation.
## **FINANCIAL REVIEW**
## **Financial position**
Eskra Childcare Ltd is delighted to report an excellent financial performance.
## Risks & Uncertainties
The main risks for the charity in the next year is recruiting qualified staff and planning for the retirement of our Childcare Manager.
## **Principal funding sources**
Eskra Childcare Ltd generates 88% of its income from fees from parents who use the childcare facility. The company also received £96,574 from the Department of Education to deliver a pre-school education curriculum for 36 local children aged 3-4 years.
Page 3
**ESKRA CHILDCARE LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **FINANCIAL REVIEW**
## **Reserves policy**
The Trustees aim to hold sufficient general funds to support social enterprise activity. In addition, reserves are maintained to provide a hedge against the loss of traditional project funding for the delivery of Eskra Childcare Ltd.'s objectives, and to fund the Charity's capital and property maintenance plans to fund for the upkeep and renewal of premises.
## **Going concern**
The trustees have assessed, based on the anticipated activities of the charity, that there are adequate resources in place to meet the on-going costs of the charity for a minimum of 12 months from the date of signing of the financial statements. In coming to this conclusion, the trustees have assessed the entity's current financial arrangements and available resources of the charity. For this reason, the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Organisational structure**
Eskra Childcare Ltd is managed by 6 trustees nominated by the local community and parents using the daycare service. The trustees are also directors of the company.
Chairperson: Chris McCarney
Company Secretary: Colette McCaffrey
Treasurer: Stephen McEvoy
The directors/trustees meet at least four times per year and individual trustees take specific responsibility for financial issues, HR issues, policies and safeguarding.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Eskra Childcare Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 4
**ESKRA CHILDCARE LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, McAleer Jackson Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 23 March 2026 and signed on its behalf by:
## _**CHRIS McCARNEY**_
…………………………………………
C McCarney Trustee
Page 5
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ESKRA CHILDCARE LIMITED**
## **Opinion**
We have audited the financial statements of Eskra Childcare Limited (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 18 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Page 6
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ESKRA CHILDCARE LIMITED**
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative 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**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
We obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, pensions and tax legislation, environmental regulations and health and safety laws, together with provisions of other laws and regulations that do not have a direct effect on the financial statements, but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.
We tailored our response to those identified risks to include enquiring of management and external legal advisors concerning actual and potential litigation and claims, performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud, and reviewing correspondence with tax authorities and other regulatory bodies.
In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias, and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business. We apply professional scepticism throughout the audit to consider deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statements.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
- the nature of the industry and sector, control environment and business performance including the company's remuneration policies, and performance targets;
- results of our enquiries of management and other key persons about the company's own policies for the identification and assessment of the risks of irregularities, including those that may occur either as a result of fraud or error, and matters we identified from our review of the company's policies, procedures and internal controls; and
- the matters discussed among the audit engagement team regarding potential indicators of fraud and where it might occur in the financial statements;
- design of audit procedures responsive to those risks that incorporate unpredictability around the nature, timing and extent of our testing.
Page 8
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ESKRA CHILDCARE LIMITED**
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
## _**MICHAEL BARNETT**_
…………………………………………
Michael Barnett (Senior Statutory Auditor) for and on behalf of McAleer Jackson Ltd Chartered Accountants & Statutory Auditors Church House 24 Dublin Road OMAGH Co. Tyrone BT78 1HE
23 March 2026
Page 9
**ESKRA CHILDCARE LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**Charitable activities**
5
Childcare activities
Investment income
4
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
6
Childcare activities
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
**438**
**1,225,525**
**-**
**7,873**
**1,233,836**
**1,208,867**
**24,969**
**247,208**
**272,177**|
Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2025**
**Total**
**funds**
**£**
**438**
**1,225,525**
**-**
**7,873**
**1,233,836**
**1,208,867**
**24,969**
**247,208**
**272,177**|2024
Total
funds
£
134
1,127,930
2
6,806|
|---|---|---|---|---|
|||||1,134,872|
|||||1,122,087|
|||||12,785
234,423|
|||||247,208|
The notes form part of these financial statements
Page 10
## **ESKRA CHILDCARE LIMITED**
## **BALANCE SHEET**
## **31 MARCH 2025**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
11
**94,531**
**CURRENT ASSETS**
Debtors
12
**99,638**
Cash at bank and in hand
**194,544**
**294,182**
**CREDITORS**
Amounts falling due within one year
13
**(91,158)**
**NET CURRENT ASSETS**
**203,024**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**297,555**
**CREDITORS**
Amounts falling due after more than one
year
14
**(25,378)**
**NET ASSETS**
**272,177**
**FUNDS**
15
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
11
**94,531**
**CURRENT ASSETS**
Debtors
12
**99,638**
Cash at bank and in hand
**194,544**
**294,182**
**CREDITORS**
Amounts falling due within one year
13
**(91,158)**
**NET CURRENT ASSETS**
**203,024**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**297,555**
**CREDITORS**
Amounts falling due after more than one
year
14
**(25,378)**
**NET ASSETS**
**272,177**
**FUNDS**
15
Unrestricted funds
**TOTAL FUNDS**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2025**
**Total**
**funds**
**£**
**94,531**
**99,638**
**194,544**
**294,182**
**(91,158)**
**203,024**
**297,555**
**(25,378)**
**272,177**|2024
Total
funds
£
103,948
98,880
147,228
246,108
(80,268)
165,840
269,788
(22,580)
247,208
247,208
247,208|
|---|---|---|---|---|
||||**272,177**
**272,177**||
The notes form part of these financial statements
continued...
Page 11
**ESKRA CHILDCARE LIMITED**
## **BALANCE SHEET - continued 31 MARCH 2025**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23 March 2026 and were signed on its behalf by:
## _**CHRIS McCARNEY**_
…………………………………………
C McCarney Trustee
## _**STEPHEN McEVOY**_
…………………………………………
S McEvoy Trustee
The notes form part of these financial statements
Page 12
## **ESKRA CHILDCARE LIMITED**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
**Cash flows from financing activities**
Grants received
Net cash provided by financing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|**2025**
**£**
**42,165**
**42,165**
**(5,520)**
**-**
**(5,520)**
**10,671**
**10,671**
**47,316**
**147,228**
**194,544**|2024
£
(19,309)
(19,309)
(9,720)
2
(9,718)
3,000
3,000
(26,027)
173,255
147,228|
|---|---|---|
The notes form part of these financial statements
Page 13
**ESKRA CHILDCARE LIMITED**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025**
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Increase in debtors
Increase/(decrease) in creditors
**Net cash provided by/(used in) operations**|**2025**
**£**
**24,969**
**14,937**
**-**
**(758)**
**3,017**
**42,165**|2024
£
12,785
16,325
(2)
(28,414)
(20,003)
(19,309)|
|---|---|---|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.4.24|Cash flow|**At 31.3.25**|
|---|---|---|---|
||£|£|**£**|
|**Net cash**||||
|Cash at bank and in hand|**147,228**|**47,316**|**194,544**|
||**147,228**|**47,316**|**194,544**|
|**Total**|**147,228**|**47,316**|**194,544**|
The notes form part of these financial statements
Page 14
**ESKRA CHILDCARE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention
The financial statements are prepared in sterling which is the functional currency of the charitable company.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Leasehold improvements 10% on reducing balance - Equipment, fixtures & fittings 20% on reducing balance
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 15
**ESKRA CHILDCARE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES - continued**
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Debtors and creditors receivable/payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income and expenditure account in management and administrative expenses.
## **Grants receivable**
Capital grants received and receivable are treated as deferred income and amortised to the Summary Income and Expenditure Account annually over the useful economic life of the asset to which it relates. When the possibility of clawback is remote and in the interests of accurately stating the company's liabilities, the directors may consider it appropriate to release all or part of the remaining grant to the income statement. Revenue grants are credited to the Summary Income and Expenditure Account when received.
## **2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY**
Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## Recoverability of debtors
Estimates are made in respect of the recoverable value of trade and other debtors. When assessing the level of provisions required, factors including current trading experience, historical experience and the aging profile of debtors are considered.
Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on future investments, economic utilisation and the physical conditions of the assets.
continued...
Page 16
**ESKRA CHILDCARE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **3. DONATIONS AND LEGACIES**
|Donations
**4.**
**INVESTMENT INCOME**
Deposit account interest
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Fees
Childcare activities
Education Authority
Childcare activities
Training grants
Childcare activities
Parents fees (voluntary)
Childcare activities
Milk
Childcare activities
Grants
Childcare activities
Miscellaneous income
Childcare activities
**6.**
**CHARITABLE ACTIVITIES COSTS**
Childcare activities|Direct
Costs
£
**57,882**|**2025**
**£**
**438**
**2025**
**£**
**-**
**2025**
**£**
**1,074,699**
**96,574**
**558**
**4,865**
**2,254**
**39,647**
**6,928**
**1,225,525**
Support
costs (see
note 7)
£
**1,150,985**|2024
£
134
2024
£
2
2024
£
987,717
78,659
908
6,335
2,513
45,970
5,828
1,127,930
Totals
£
**1,208,867**|2024
£
134|
|---|---|---|---|---|
|||||2024
£
2|
continued...
Page 17
**ESKRA CHILDCARE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **7. SUPPORT COSTS**
|Childcare activities|Management
£
**1,145,128**|Governance
costs
£
**5,857**|Totals
£
**1,150,985**|
|---|---|---|---|
## **8. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|Auditors' remuneration
Depreciation - owned assets|**2025**
**£**
**5,857**
**14,937**|2024
£
5,376
16,325|
|---|---|---|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **10. STAFF COSTS**
|Wages and salaries
Staff training and welfare|**2025**
**£**
**1,013,724**
**1,504**
**1,015,228**|2024
£
915,916
12,828|
|---|---|---|
|||928,744|
The average monthly number of employees during the year was as follows:
||**2025**|2024|
|---|---|---|
|Staff|**53**|52|
No employees received emoluments in excess of £60,000.
continued...
Page 18
**ESKRA CHILDCARE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **11. TANGIBLE FIXED ASSETS**
|Leasehold
improvements
£
**COST**
At 1 April 2024
**162,656**
Additions
**-**
At 31 March 2025
**162,656**
**DEPRECIATION**
At 1 April 2024
**93,087**
Charge for year
**6,957**
At 31 March 2025
**100,044**
**NET BOOK VALUE**
At 31 March 2025
**62,612**
At 31 March 2024
69,569
**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Other creditors|Equipment,
fixtures
& fittings
£
**189,016**
**5,520**
**194,536**
**154,637**
**7,980**
**162,617**
**31,919**
34,379
**2025**
**£**
**86,618**
**13,020**
**99,638**
**2025**
**£**
**13,909**
**3,503**
**73,746**
**91,158**|Totals
£
**351,672**
**5,520**
**357,192**
**247,724**
**14,937**
**262,661**
**94,531**
103,948
2024
£
92,691
6,189
98,880
2024
£
7,109
2,869
70,290
80,268|Totals
£
**351,672**
**5,520**
**357,192**
**247,724**
**14,937**
**262,661**
**94,531**
103,948
2024
£
92,691
6,189
98,880
2024
£
7,109
2,869
70,290
80,268|
|---|---|---|---|
|||||
|||||
|||||
||||98,880|
||||2024
£
7,109
2,869
70,290|
||||80,268|
continued...
Page 19
**ESKRA CHILDCARE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
|**14.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**2025**
**£**
Deferred government grants
**25,378**
**15.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.4.24
in funds
£
£
**Unrestricted funds**
General fund
**247,208**
**24,969**
**TOTAL FUNDS**
**247,208**
**24,969**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**1,233,836**
**(1,208,867)**
**TOTAL FUNDS**
**1,233,836**
**(1,208,867)**
**Comparatives for movement in funds**
Net
movement
At 1.4.23
in funds
£
£
**Unrestricted funds**
General fund
234,423
12,785
**TOTAL FUNDS**
234,423
12,785|2024
£
22,580
At
31.3.25
£
**272,177**
**272,177**
Movement
in funds
£
**24,969**
**24,969**
At
31.3.24
£
247,208
247,208|
|---|---|
|||
||
|
continued...
Page 20
**ESKRA CHILDCARE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **15. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
1,134,872
1,134,872|
Resources
expended
£
(1,122,087)
(1,122,087)|
Movement
in funds
£
12,785
12,785|
|---|---|---|---|
## **16. CONTINGENT LIABILITIES**
There is a contingent liability to repay all grant monies should they not be distributed under the terms of the various initiatives. The trustees do not anticipate any repayment falling due under the terms on which grants were received.
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2025.
## **18. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES**
In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.
Page 21