Kirkinriola Early Years
Statement of Financial Activities for the Year Ended 30 June 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Unrestricted | Total | ||
|---|---|---|---|
| funds | 2025 | ||
| Note | £ | £ | |
| Income and Endowments from: | |||
| Charitable activities | 3 | 56,335 | 56,335 |
| Total income | 56,335 | 56,335 | |
| Expenditure on: | |||
| Charitable activities | 4 | (54,244) | (54,244) |
| Total expenditure | (54,244) | (54,244) | |
| Net income | 2,091 | 2,091 | |
| Net movement in funds | 2,091 | 2,091 | |
| Reconciliation offunds | |||
| Total funds brought forward | 33,646 | 33,646 | |
| Total funds carried forward | 12 | 35,737 | 35,737 |
| Unrestricted | Total | ||
| funds | 2024 | ||
| Note | £ | £ | |
| Income and Endowments from: | |||
| Charitable activities | 3 | 58,291 | 58,291 |
| Total income | 58,291 | 58,291 | |
| Expenditure on: | |||
| Charitable activities | 4 | (51,559) | (51,559) |
| Total expenditure | (51,559) | (51,559) | |
| Net income | 6,732 | 6,732 | |
| Net movement in funds | 6,732 | 6,732 | |
| Reconciliation of funds | |||
| Total funds brought forward | 26,913 | 26,913 | |
| Totalfundscarriedforward | 12 | 33,645 | 33,645 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 12.
The notes on pages 8 to 12 form an integral part of these financial statements. Page 6
Kirkinriola Early Years
(Registration number: N1I40577) Balance Sheet as at 30 June 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 7 | 2,056 | 2,741 |
| Current assets | |||
| Stocks | 8 | 188 | 275 |
| Debtors | 9 | 2,473 | 1,440 |
| Cash at bank and in hand | 10 | 38,374 | 34,697 |
| 41,035 | 36,412 | ||
| Creditors: Amounts falling due within one year | 11 | (7,354) | (5,508) |
| Net current assets | 33,681 | 30,904 | |
| Net assets | 35,737 | 33,645 | |
| Funds ofthe charity: | |||
| Unrestricted income funds | |||
| Unrestricted funds | 35,737 | 33,645 | |
| Totalfunds | 12 | 35,737 | 33,645 |
For the financial year ending 30 June 2025 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 companies 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 1 October 2025 and signed on their behalf by:
Zillah Wallace
Company Secretary and Trustee
The notes on pages 8 to 12 form an integral part of these financial statements. Page 7
Kirkinriola Early Years
Notes to the Financial Statements for the Year Ended 30 June 2025
1. Charity status
The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £5 towards the assets of the charity in the event of liquidation.
The address of its registered office is: 5 Clogher Road Ballymena Co Antrim BT43 6TB
These financial statements were authorised for issue by the trustees on 1 October 2025.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements 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 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act (Northern Ireland) 2008.
Basis of preparation
Kirkinriola Early Years meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Expenditure
All expenditure 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 costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 8
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Kirkinriola Early Years
Notes to the Financial Statements for the Year Ended 30 June 2025
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly 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 recognised in income over the period in which the related costs are recognised. Grants relating to the acquisition of fixed assets are netted off against the asset to which it relates. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the 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 11 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 impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Fixtures & fittings 25% reducing balance basis
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
Trade debtors
Trade debtors are amounts due for services performed 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.
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Kirkinriola Early Years
Notes to the Financial Statements for the Year Ended 30 June 2025
3 Income from charitable activities
| Unrestricted | |||
|---|---|---|---|
| funds | Total | Total | |
| General | 2025 | 2024 | |
| £ | £ | £ | |
| PEAGS | 36,590 | 36,590 | 43,000 |
| Community Foundation | - | - | 2,800 |
| DOH SPPG | 3,000 | 3,000 | 800 |
| Outdoor Funding Grant | 613 | 613 | - |
| Fees | 11,366 | 11,366 | 8,074 |
| Fundraising | 4,013 | 4,013 | 2,872 |
| Sale ofsweatshirts | 274 | 274 | 487 |
| Interest | a2 | 2 | |
| 56,335 | 56,335 | 58,291 |
4 Expenditure on charitable activities
| Charitable | Charitable | Total | Total | |
|---|---|---|---|---|
| activity | costs | 2025 | 2024 | |
| £ | £ | £ | ||
| Salaries & pension costs | 37,676 | 37,676 | 37,746 | |
| Light, heat& power | 1,582 | 1,582 | 1,617 | |
| Insurance | 2,640 | 2,640 | 3,416 | |
| Repairs & maintenance | 4,890 | 4,890 | 1,563 | |
| Telephone, postage & stationery | 382 | 382 | 465 | |
| Subscriptions | 59 | 59 | 59 | |
| Purchase ofsweatshirts | 275 | 275 | 481 | |
| Workshops, work materials etc | 755 | 755 | 866 | |
| Food | 641 | 641 | 694 | |
| Sundry expenses | 1,214 | 1,214 | 404 | |
| Accountancy fees | 1,488 | 1,488 | 1,386 | |
| Early years specialist | 1,729 | 1,729 | 1,775 | |
| Bank charges | 228 | 228 | 173 | |
| Depreciation | 685 | 685 | 914 | |
| 54,244 | 54,244 | 51,559 |
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Kirkinriola Early Years
Notes to the Financial Statements for the Year Ended 30 June 2025
5 Net incoming/outgoing resources
Net incoming resources for the year include:
Depreciation of fixed assets
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| (685) | (914) |
6 Taxation
The charity is a registered charity and is therefore exempt from taxation.
7 Tangible fixed assets
| 7 | Tangible fixed assets | ||
|---|---|---|---|
| Furniture and | |||
| equipment | Total | ||
| £ | £ | ||
| Cost | |||
| At | July 2024 | 19,934 | |
| At | 30 June 2025 | 19,934 | 19,934 |
| Depreciation | |||
| At | July 2024 | 17,193 | |
| Charge for the year | 685 | 685 | |
| At | 30 June 2025 | 17,878 | 17,878 |
| Net book value | |||
| At | 30 June 2025 | 2,056 | 2,056 |
| At | 30 June 2024 | 2,741 | 2,741 |
| 8 | Stock | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Stocks | 188 | 275 | |
| 9 | Debtors | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors | - | 261 | |
| Prepayments | 2,473 | 1,179 | |
| 2,473 | 1,440 |
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Kirkinriola Early Years
Notes to the Financial Statements for the Year Ended 30 June 2025
10 Cash and cash equivalents
| 10 Cash and cash equivalents | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Cash on hand | 10 | 121 |
| Cash atbank | 38,364 | 34,576 |
| 38,374 | 34,697 | |
| 11 Creditors: amounts falling due within one year | ||
| 2025 | 2024 | |
| £ | £ | |
| Other creditors | 6,347 | 4,496 |
| Accruals | 1,007 | 1,012 |
| 7,354 | 5,508 |
Other creditors include grant funding from the Education Authority 'IT Support’ Fund of £421, and Outdoor Funding Grant of £1,387, which had not been spent at the year end.
12 Funds
| Balance at 1 | Incoming | Resources | Balance | at30 | |
|---|---|---|---|---|---|
| July 2024 | resources | expended | June 2025 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | |||||
| General unrestricted fund | 33,645 | 56,335 | (54,243) | 35,737 | |
| Balance at 1 | Incoming | Resources | Balance | at30 | |
| July 2023 | resources | expended | June 2024 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | |||||
| Generalunrestrictedfund | 26,913 | 58,291 | (51,559) | 33,645 |
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