Kirlunriola Early Years
Statement of Financial Activities for the Year Ended 30 June 2023
(Including Income and Expenditure Account and Statement of Total Rccogniscd Gains
and Losses)
Unrestrictcd
funds
Total
2023
Note
Incomc and Endowments from:
Cliaritable activities
51,106
51,106
Total income
51,106
51,106
Expenditure on:
Cliaritable activities
47,354)
(47,354)
Total expenditure
(47,354
47,354
Net income
3,752
3,752
Net movement in funds
3.752
3,752
Reconclliation of funds
Total funds brought forward
23.161
23,161
Total funds carried forward
12
26,913
Unrcstrictcd
runds
26,913
Total
2022
Note
Income and Endowmtnts from:
Charitable activities
48,071
48,071
Total income
48,071
48,071
Expenditurc on:
Charitable activities
(44,725)
44,725)
Total expenditure
44,725)
44,725
Net income
3,346
3,346
Net movernent in funds
3,346
3,346
Reconciliation ol fund5
Total funds brought forward
19.815
19,815
Totsl funds Ca￿led forward
12
23,161
23,161
All of the charity's activities derlve frorn continuing operations during the above two periods.
The funds breakdown for 2022 is shown in note 12.
The notes on pages 8 to 12 forni an integral part of these financial statements.
Page 6

Kirkinriola Early Years
(Registration number: N140577)
Balance Sheet as at 30 June 2023
2023
2022
Note
Fixed assets
Tangible assets
855
1,140
Current assets
Stocks
Debtors
Cash at bank and in hand
319
2,870
28,022
70
2,387
27,287
io
31,211
(5,153
29,744
(7,723
Credltors: Amount5 falling due wlthin one year
Net current assets
26.058
22,021
Net assets
26,913
23,161
Fund5 of tlie charity:
Unrcstrlctcd income funds
Unrestricted ￿ndS
26,913
23,161
Total funds
12
26,913
23,161
For the financial year ending 30 June 2023 the charity was entitled to exemption from audit under Section 477 of
the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the charity to obtain an audit of its accounts for the year in question in
accordance with section 476; and
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to coinpanies
subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 6 to 12 were approved by the trustees, and authorised for issue on 18 August
2023 and signed on their behalf by:
Z.
Zillah Wallace
Company Secretary and Trustee
The notes on pages 8 to 12 forni an integral part of these financial statements.
Page 7

Kirkinriola Early Years
Notes to the Financial Statements for the Year Ended 30 June 2023
I Charity status
The cliarity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have share
capital. Each of the Irustees is liable to contribute an amount not exceeding £5 towards the assets of the charity
in the event of liquidation.
Tlie address of ils registered office is.,
5 Cloglier Road
Ballymeiia
Co Antrim
B T43 6TB
These financial statements were authorised for issue by the trustees on 18 August 2023.
2 Accounting policics
Surnmfiry of significant Accounting policie5 and key accounting cstimate5
The principal accouiiting policies applied in the preparation of tliese financial statements are set oiit below.
These policie5 have been consi5t¢ntly applied to all the year5 presented, unless otherwise stated.
Statement ofcompliance
The financial staternents have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January
2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in ihe UK and Republic of
Ireland (FRS 102). They also coniply willi the Companies Act 2006 and Charities Act (Northern Ireland) 2008.
BASIS of prep1& ration
Kii'kinriola Early Year5 meets flie definition of a publi¢ benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaclion value unless Otherwise stated in the relevant acrounting
policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going
concem nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Expcnditure
All ¢xpenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with central staff
osts allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other 5UPPOrt costs are allocated based on ihe spread of staff costs.
Page 8

Kirkinriola Early Years
Notes to the Financial Statements for the Year Ended 30 June 2023
Cliaritable aclivilies
Charitable expenditure comprises those costs incurred by the charity in the delivery of it5 activities and services
for its beneficiaries. It includes both costs that can be allocat¢d dir¢ctly to such activities and those costs of an
indirect nature necessary to support them.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset
received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue
are recogniscd in income over the period in which the related costs are recognised. Grants relating to the
acquisition of fixed a5SCts are netted off against the asset to wliicli it relates. Wliere pait of a grant relating to an
asset is deferred, it is recognised as deferred incoine.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets ihe definition of a charitable company for UK corporation tax purposes. Accordingly, the
charity is potentially exempt from taxation in respect of income or capital gains received within categories
covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and
subsequent accumulated iinpairment losses.
Depreclatlon and amortlsatlon
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected use￿1 economic life as follows:
Asset class
Fixture5 & fittings
Depreelatlon method and rate
25 % reducing balance basis
Stock
Stock is valued at the lower of Cost and estimated selling price les5 cos15 to complete and sell, after due regard
for obsolete and slow moving stocks, Cost is dolerinined using the first-in, first-out (FIFO).
Trade debtors
Trade debtors are amounts due for services perfornied in the ordinary course of business.
Trade debtors are recognised initially at the transaction price.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of
the objectives of the charity.
Page 9

Kirkinriola Early Years
Notes to the Financial Statemcnts for the Year Ended 30 June 2023
3 Income from charitable activitie5
Unrestrictcd
funds
General
Total
2023
Total
2022
PEAGS
Fees
Fundraising
Sale of sweatshirts
Interest
DAEKA
35,717
9,256
5,392
595
146
35,717
9,256
5,392
595
146
31,616
10,120
4,460
468
io
1,398
48,072
51,106
51,106
4 Expciiditure on charitablc activitlC5
CliaritAble
activlty eosts
Total
2023
Total
2022
Salaries & pension costs
Light, heat & power
Insurance
Repairs & rnaintenance
Telephone, postage & stationery
Subscriptions
Purchase of Sweatshirts
Workshops, work materials etc
Food
Sundry expenses
Accounlancy fees
Early years specialist
Bank charges
Depreciation
36,471
1,810
3,075
1,037
138
59
589
247
703
134
1,266
1,367
173
285
36,471
1,810
3,075
,037
138
59
589
247
703
134
1,266
1,367
173
285
33,913
1,546
2,712
2,492
58
59
290
347
665
57
894
1,102
210
380
47,354
47,354
44,725
Page 10

Kirkinriola Early Years
Notes to the Financial Statements for the Year Ended 30 June 2023
S Net incomingloutgoing resources
Net incoming resources for the year include:
2023
2022
Depreciation of fixed assets
380
6 Taxatlon
The charity 15 a registered charity and is therefore exempt from taxation.
7 Tangible fjxed assets
Furnlture and
equipment
Total
Cost
At l July 2022
17,134
17,134
At 30 June 2023
17,134
17,134
Dcpreelotlon
At l July 2022
Charge for the year
15,994
285
15,994
285
At 30 June 2023
16,279
16,279
Net book value
At 30 June 2023
855
855
At 30 June 2022
1,140
1,140
8 Stoek
2023
2022
Stocks
319
70
9 Debtors
2023
2022
Trade debtors
Prepayments
loo
2,287
2,387
2,870
2,870
Pagell

Kirkinriola Early Years
Notes to the Financial Statements for the Year Ended 30 June 2023
10 Casli and cash equivalents
2023
2022
Cash on hand
Cash at bank
12
27,275
28,018
28,022
27,287
I I Creditor5: amounts falling due withln one year
2023
2022
Other creditors
Accruals
3,930
1,223
5,248
2,475
5,153
7,723
Other creditors include grant fi]nding from Early Year5 'Childcare Support, Fund £307 and from the Education
Board 'lT Support, Fund £421 which had not been spent at the year end.
12 Funds
Balance at I
July 2022
Incomlng
resources
Resources
cxpcnded
Balance at 30
June 2023
Unrestricted funds
Generiil
General unrestricted fund
23,161
51,106
(47,354
26,913
Balance at I
July 2021
Incoming
resources
Resources
expended
Balance at 30
June 2022
Unrestricted funds
Geiicrul
General unrestricted fund
19,814
23,161
Page 12