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