Kirliinriola Ei arly Years Statement of Financial Activities for Ilie Year Ended 30 Juiic 2024 (Including Incomc and xpcnditure Accuunt and Slatement of I'otal Recogniscd Gains and Losses) Unresli'icted funds TotAI 2024 Note Incumc And Endowments from: Cliai'itabl¢ activities 58,291 58,291 Total income 58,291 58,291 Expenditure on: Cliai'itable activities (51,559) {51,559) Total expciiditure 51,559) (51.559) Nct incoine 6,732 6.732 Net inovemcnt in funds 6,732 6,732 ReconciliAtion of funds Total flinds brought foiward Total funds carried forward 26,913 26,913 12 33,645 Uni'eslricted funds 33,645 I'otnl 2023 Note Income aiid Endowments from: Cliarilable aclivilies 51,106 51,106 Total income 51,106 51,106 Expenditure on: Charitable activities 47,354) 47,354) l otal expcndilure (47,354) (47,354) Net incoine 3,752 3,752 Net Inoveinent in funds 3,752 3,752 Reconciliation of fuiids Total fund5 broLight forward 23.161 23.161 Total funds carried forward 12 26,913 26,913 All of thc charity's &clivities derive froin continLiing operations dui'ing the abovc two periods. 'rhc fuiids breakdowi) for 2023 is shown iii nole 12. Tlie notes on pages 8 to 12 fonn an integral part of these financial stateinents. Page 6
Kirkinriola Early Years (Registration number.. N140577) Balance Sheet as at 30 June 2024 2024 2023 Notc Flxed asscts l aiigiblc asset5 2,741 855 Current nssets Stocks Debtors Casli at bank and in hand 275 1.440 34,697 319 2.870 28,022 10 36.412 31.211 Cr¢ditors: Amounts fHlling due within onc yeR r 5.508) 5.153) N¢t eurrent n.%set$ 30.904 26,058 N¢t nsset5 33.645 26.913 Funds of the chArity: Unrestricted incom¢ funds Unr¢slricted funds 33,645 26,913 TotHI flind5 12 33,645 26,913 l.or Il)¢ finaiicial yeai. ending 30 Julie 2024 tlie chariiy was cntilled io cxciiiplion froni audit iiiider section 477 or Ilie Coiiipanies A¢t 2006 r¢la1ing to sniall compani¢s, Direclors, responsibilities: The iiicmbcrs have nol reqiiired ihc charity to obtain an audit of its accounts for the year in question in accordance with 5CCtion 476; and Tli¢ dir¢¢loi's acknowledge tlieir responsibilities for complying witl) Ili¢ requirements of tl)e Act with respect 10 accoiinling rccords and thc pirparation uf accounl5. 'rhes¢ fiiiancial slaleineiils havc bccii prcpared in accordancc with tlic special provi5ioiis relaiing to companies subject to tlie sniall companies regimc within Part 15 of the Coiiipanies Act 2006. Thc finaiicial statcineiils oil pages 6 to 12 were approved by the trustees. and authoriscd for issuc on 27 Sepleniber 2024 and signed on thcir behalf by.. Zillali Wallacc Coiiipany Secretary aiid Tru5tec Tlie notes on pages 8 to 12 forni an integral part of tl)ese financial statenients. Page 7
Kirkiiii'iola Early Ycars Notes to the Fiiiancial Statements for the Year Ended 30 June 2024 I Charity status 1'1ie charity is liinited by giiaranlee, incorporated in Northern Ireland, and consequently does not havc 5hai'c capital. Each of the trustees is liable to ¢ontributc an amouiit not ex¢e¢ding £5 towards the a5SCts of Ihc charity iii ihe eveiit of liquidation. Tlie address of its registered office is.. 5 Cloghei. Road Ballymena Co Antriin BT43 6TB 'riiLse finaiicial slatemeiits were aLlthorised for issiie by Ilie truslces 01) 27 September 2024. 2 Aecounting policies SummAry of significant aeeounting policies and kcy accounting estirnAte5 The principal accounting policies applied iii the prcparalioii of these finaiicial sl8teiiiei)Is al'e sct out bclow. These policies have been consisleiitly applied lo all the years pr¢senled. unless oihcrwise slatcd. Stiltomont of eomplinnc¢ I'lic fin(Incial sluleiiicnls liuve bccii prcpai'ed in accordance with AccoLiiiling and Reporting by Cliarilies.. Stalcnicnt of Ilecommended Practice applicablc to cliarilies preparing ilieir accouiits in occordaiice willi the rinanciRI Reporting Siandard applicable in tlie UK and Republic of Ircland (r.RS 102) (effeclive l JaiiLl4ily 2015) - (Charities SORP (fRS 102)), ilic fiiiancial Reporting Siaiidard applicable iii the UK aiid Ilei)ublic OF Irelaiid (fRS 102). Tl)ey a150 coinply with Ilie Coiiipanics Aci 2006 and Charities ALt (Northern Irelaiid) 2008. Ilnsis of prepRrAtion Kirkini'iola EMI'ly Years Ixeets the definition of a public benefit entity under fRS 102. Assets and limbilitics ai'c initially recognised at Iiistoi'i¢al cosl or Iransaclion value unless otherwise stated in the relevant R¢counling policy i)oles. Going concern Tlic trustees considei. tliat tliere are no niaterial uncertainties about tlie cl)arity's ability to continue as a goiiig conccni nor any sigiiificanl areas of uiicertainty Il)at affect tlie carrying value of assets lield by tl)e cliai'ity. %penditure All cxpcnditurc is rccogniscd once there is a legal or constructive obligation to Ihat expenditure, it is probable sctilemciil is rcquii'cd ai)d ihc ainount cali be mcasured reliably. All costs air allocated to the applicable expenditure heading that aggregatc siinilar costs to that category. Where costs cannot be dii'ectly altribuled lo particular l)eadings Iliey liavc beeii allocated on a basis consistent willi the use of re50ur¢es, wi.lli ceiilral Staff costs allocated on the basis of tiiiie spent. and dcpre¢iation cliarges allocated on tlie portion of tlie a5set'5 use. Ollier 5UPPOrt cost5 are allocated based on tlie spread of staff costs. Page 8
Kirkinriola Early Years Notes to the Financial Statements for the Year Ended 30 June 2024 Cliarllable aclivilies Charitable expenditure comprises those Costs incurred by the charity in the delivery of ils aclivitics and services for ils beiicficiaries. It includes both costs that can be alSocal¢d directly to such activities and those costs of an indirect naturc necessary to support tliem, Governmcnt grants Government grants are recognised based on tlie accrual model and are measiired at the fair value of the asset received or receivable. Grants are classified as relating either to revenuc or to 115se15. Graiits rclating to reveniie ar¢ recogiiised in income over the period in which th¢ relalcd costs are recognised. Grants relating to the acquisition of fixed assets are n¢lted off against thc as5Ct lo which it rclates. Wherc part of a grant relating to an a55¢t is dcferred, it is recognised as deferrcd income. Tnxfition Tlic charity is considei-ed io pass Il)¢ t¢sts set out in Paragraph I SclicdLile 6 of the finance Act 2010 and Ili¢rcforc it nicels the definition of a cliarilabl¢ company foi. UK coi'poration tax piii'poscs. Accordingly, the Charity is potcntially exeinpt froim taxation in resp¢¢t of iiicoine or capital gains rcccivcd within catcgorics covered by Cliaptcr 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargcablc Gains Act 1992. to the extent that such income or gains are applied ex¢lusively to charitable purposes. Ti)ngibl¢ fix¢d asscts IndividLial fixed assets are initially recorded at C05t, less any siibsequent a¢cLimiilaled depreciation and subsequcnl acclimulaled impairment losscs. Deprecintion And Amoi'tiSRtion Depreciat1011 is providcd on tangible fixcd assels so as to write off the cosl or valuation, less any esliiiiated re,sidual value. over tlicir expccled useful ecoiioiiiic life Rs follows: Asset cla55 Fixtures & fittings DepreciAtion metliod And rAte 250h rediicing balance basis Stoek Siock is valued al Ilie loiver of cost and ¢slimaled selliiig price less costs to coniplete and scll, after duc rcgai'd ror obsolctc and slow moving stocks. Cost is delermined using the first-in, first-oiit (riro). "rrAde debtors Trade debioi% are ainounts due for services perfonned in the ordiiiAry course of business. Trade debtors are recognised initially at the transaction price. Fund structure Uni'e5triclcd income funds are general funds that are available for us¢ at the Iruste¢s discrelion in furtherance of th¢ objectives of Ilie charity. Page 9
Kirkini'iola Early YL'ars Notcs to tlie Financial Statements for tlie Year Ended 30 Junc 2024 3 Income froin chnritable nctivities Uiireslricted funds G¢nerAI Total 2024 Tot•91 2023 IJI.'AGS Coiniiiunily Fouiidation DOI-I SI)PG Fees rundrai5ing Sale of swealsliirts Interest 43,000 2.800 800 ,074 2,872 487 258 43,000 2,800 800 8,074 2,872 487 258 35.717 9.25() 5,392 595 146 58,291 58.291 51.106 4 Expenditure on chAritAble Activitie5 ChnritAblc Activity costs TotAI 2024 202.1 Salai'ics & peiision costs Liblil, heal & poivci. In8LlI'ance Ilepairs & niaintcnance I'elcphoi)e* postage & stationcry Subscriptions Purchase of sweatsliirts Workshops, work materials etc 37,746 1,617 3,416 1,563 465 59 481 866 694 404 1.386 1.775 173 914 37.746 1.617 3,416 1,563 465 59 481 866 694 404 1,386 1,775 173 914 36.471 1.810 3,075 1.037 138 59 589 247 703 134 1,266 1,367 173 285 Sundry expcnses Accountancy fees Early ycars spccialisl Bank charges Depreciation 51,559 51,559 47,-354 Page 10
Kirkinriola Early Years Notes to the Financial Statements for the Year Ended 30 June 2024 S Net incomlngloutgoing resources Net incoming resoiirces for ilie year include.. 2024 2023 Depreciation of fixed a55ets (914) 285} 6 'fAXlltion Thc charity is a regislercd charity and 15 tlierefore exempt from taxation. 7 TAngiblo fixed assets Furniture and equipnient TDtnl C.o.It Al l July 2023 Addilions 17,134 2,800 17,134 2,800 AI 30 June 2024 19,934 19.934 DepreciRtlon Ai l July 2023 Cliarge for the year At 30 June 2024 16,279 914 16.279 914 17,193 17,193 Net book VAlue AI 30 JLine 2024 2.741 2,741 AI 30 June 2023 855 855 8 Stock 2024 2023 Stocks 275 319 9 Debtors 2024 2023 Ti'ade debtors Prepayments 261 1,179 2.870 1.440 2.870 Page 11
Kirkinriola Ei arly Years Notes to the Financial Statcmcnts for thc Year Ended 30 Junc 2024 10 Cash and cisli equivalents 2024 2023 Casli on liaiid Casli at bank 121 34,576 28,018 28,022 34,697 I I Crcditors: amounts fAlling due within one year 2024 2023 Other creditors Acci'uals 4,496 1.012 3.930 1,223 5.508 5,153 Olhcr crcdiloi's incliide grant funding from the Education Board 'lT Support, fuiid of £421 whicli had iiot been spciil al thc ycar ciid. 12 11 iinds Biiliince Mt I July 2023 Incoming rcsoui'ccs Rcsuurccs expLndLd BiiliinLe nt 30 Junc 2024 Uni'esti'ictcd funds Genertil Gcncral unrestrictcd fund 26,913 58,291 BAIAnee At I July 2022 Incoming resources Re50urc¢s expcnded BAlancc At 30 Julie 2023 Unrestricted funds General Gei)eral unrestricted fund 23.161 51,106 47,354 26,913 Page 12