COMPANY REGISTRATION NUMBER: N1670029
CHARITY REGISTRATION NUMBER: NIC108165
Ladybirds Children's Services
Company Limited by Guarantee
Financial Statements
31 March 2024
'ADIUXYC2*
2711212024
COMPANIES HOUSE
#3

Ladybirds Children's Services
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
10
Statement of cash flows
11
Notes to the financial statements
12-19

Page 1
Ladybirds Children's Services
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The trustees, who are also th8 directors for the purposes of company law, present their report and the
unaudiled financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name
Ladybirds Children's Services
Charity regi8lratlon number
NIC108165
Company reglstratlon number N1670029
Principal offlce and registered 357 Old Belfast Road
office
Bangor
BT191RB
N.Ireland
The trustees
Shona Kelly
Karin Gilkinson
Georgina Murray
Nicole Weir
Independent examiner
RBCA Ltd
Linenhall Exchange
26 Linenhall Street
Belfast
BT2 8BG
Structure> governance and management
Ladybird Children's Services is governed by a Memorandum and ArtIGles of Association and is a
Company Limited by Guarantee wllh charitable status. LADY81RDS is registered with HMRC for
charitable purposes. On appointment to the Board of Directors, the Trustee receives induction training
lo ensure they are aware of the responsibility of their post. The roles and responsibilities of the Board of
Directors are contained in the Board Induction Manual and detail the strategic level of their decision
making powers. Operational matters are delegated lo the Operations Manager who reports to the Board
at meetings held at least 6 times per year. There are 8oard Sub-Groups including Staffing and Finance.
It is a family and childcare cenlre, registered wlth the South Eastern Trust, managed day to day by an
Operations Manager and a team of qualified staff. It is open Monday io Friday, 07.30 am to 17.30pm.

Page 2
Ladybirds Children's Services
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Dlrector's Report) (contlnued)
Year ended 31 March 2024
Objectives and activities
The objectives of LADYBIRDS are to promote any charitable purpose for the benefit of women, children
and family's resident in the Ards North Down region lo improve the conditions of their lives. In particular
to:
l. Providing high quality daycare and childcare and parenting in a safe and nurturing environment and
lo encourage ané develop their abilities and confidence by organising activities Ihal will enhance their
health and wellbeing and their social and intellectual development.
2. Providing facilities and recreational and educational activities for Ihe care and development of children
and young people during out-of-school hours and school holidays.
3. Increasing parental recognition ofthe needs of children and young people and the value ofa structured
childcare provision and encouraging them to become involved in the activities of the Charity,
4. Advance educatlon, relleve poverty and promote good health by the provlsion of advice and support
to parentslguardians and offer training programmes aimed at developing good parenting.
5. Contributing to the profession81 development of those working in daycare and childcare.
Public Benefits Statement & Declaratlon
The public benefit for Ladybird Children's Services are for Ihe purposes of benefiting children,
parentslguardians and families resldent in the Ards North Down area are'.-
Enhance the development and education of children and young people
Enhance social and Inlellectual development of the children and young people taking part in the day
and childcare activities
Improve health. confidence and capabillties of parenlslguardians who take up offered training and
support
Provide facilities and recreational and educational activity for children and young people during out of
hours and school holidays
Encouraging parents and guardians to become involved in the activity of the charity
Developing the skills and ability of the staff
Provide advice and support lo parents and guardians and offer training aimed al providing good
parenting
No harm arises from these purpos8s. Incidental benefit may arisefrom transferable skills Iralnlng offered
to Board members lo fulfil their duties.
Resenies Policy
Ladybirds reserves policy aims to cover a minimum of Ihree months costs in order to meel unexpected
demands, a delay in receiving funding and to give breathing space should there b8 an unfavourable
change to government policy.
Regular budgetary control allows us to monitor our financial well being on a monthly basis. Reserves
are restricted to ensure we can also meet any redundancy liability for employed staff who complete fixed
term contracts.

Page 3
Ladybirds Children's Services
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (conlinuedj
Year ended 31 March 2024
Objectives and actlvit5es {eonllnu8d)
LADYBIRDS has been providing onsite childcare, playgroup, mums and lots groups, parenting
programmes and early intervention initiatives for 30 years, formerly operating as a community
association, lo ensure caring responsibilities are not a barrier to engagement on programmes for
women. It has now registered as full time daycare with South Eastern Healthcare Trust, to widen
participation and improve Ihe programmes and services provided to the children. Care is provided for
children who attend programmes of support and for supporting women who are returning to Ihe
workplace and who chose to support a social economy childcare setting.
Provision is split into relevant age categories and rooms - 8abies aged 0-2 years, Wobblers aged 2-3,
pre-pre-school aged 34 and pre-school aged 34. Plans are in place to expand lo offer afterschool
service and to look for a second venue lo extend the places available to parents due to the current
waiting list. Ladybirds Childcare unit works closely with Early Years organisation to ensure a quality
accessible service In Kilcooley and Ards North Down, for the community sector.
LADYBIRDS provides a community resource for children. and advances early years and play
development through the delivery ofchildcare programmes, parenting courses and initiatives, mentoring
and guidance. It aims to ensure all children reach their developmental milestones and full potential
through fostering a nurture based play programme, dellvering evidence based programrnes such as
Media Initiative and Incredible Years which supports diversity and positive parenting trainlng for the
Early Years sector.
1. Provide a welcoming space lo deliver positive play development to enabl8 all children lo meet their
developmental milestones and meat th8ir full potential.
2. To deliver positive parenting programmes for the relief of povety and disadvantage.
3. Ensure children feel safe and secure and valued.
4. Welcome all parents regardless of background, religion, race, marital status, political belief, sexual
orientation, gender, or disability.
5. Promote equal opportunity and gender equality.
6. Providing safe and satisfying group play, in which parents are encouraged lo take part in the
development of the lives of their ¢hildr8n.
7. Increase parental recognition of the needs of children & young people and the value of a stwctured
childcare provision.
8. Encouraging parental recognition of the needs of children & young people and the value of
structured childcare provision designed to meet their needs.
9. Promoting and supporting children & young people in developing Good R81ations within their
community and in other communities.
10. Promoting activities that will enhance the health & well-being of children & young people.
11. Doing all such other lawful things as are necessary for or conductive to the attainment of the
above aims.

Page 4
Ladybirds Children's Services
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (¢ontlnued)
Year ended 31 March 2024
Objectives and activities (¢oniinu￿)
Special Needs Support
Ladybirds provides support for children wilh additional and special needs. It has facilities including a
sensory garden with musical wall, acrylic mirror panels, wizzy dizzy to help with physical and sensory
needs, water tray with different levels and mud kitchens to explore different textures and sensory train
where we will grow our own food and experience colours and smells. Our sensory room including bubble
tower. Infinity Tunnel. softie with fibre Optic lights, activity wall panels, weighted blanket, selection of
sensory mobile tactile toys, fibre optic rug, projector which displays scenes onto the wall, interactive
keyboard and colour changin9 bench and a sensory mood cube. The centre will conlinue lo develop
th8 sensory programme to become a centre of excellence for children with additional needs.
Out of School Support l Holiday Clubs
Ladybirds provides out of school support in the form of Breakfast Clubs, Afterschool's Clubs and Holiday
Clubs and Summer Schemes to support children and working parents. The schemes are focused on
play development and enGouraging children reaching their full polenlial. developing their confidence and
self-esleem.
Summer Schemes are based in disadvantaged areas targeting hard lo reach families who otherwise
would not avail of summer scheme provision.
Achievements and performance
Staff TralnSng
Staff continue to participate in Continuous Personal Development (CPD) throughout the year, aligned
to their Personal Development Plan. Training included=
Safeguardlng
Paedialric First Aid
Manual Handling
Level 2 Award in Food Safety & Catering
CCLD Level 5 Childcare Leadership & Development
CMI Level 3 Project Management
Food Allergy & Intolerance
Adverse Childhood Experiences Level 1
Level 2 Trauma Sensilive Approach
SEN Level 2
Level 5 Leadership and Management
Health & Wellbeing
Working in partnership with the Public Health Agency and the South Eastern Healthcare Trust.
LADYBIRDS delivered a varied health and wellbeing and health promotion programme for both children
and parents. This included nutritional advice, cooking on a budget, physical activity, therapeutic
horticulture and 8rls and crafts for positive mental health. Ladybirds also operates an onsite Foodbank
which is assisting the issues of Food Poverty, which were heightened during COVID 19.

Page 5
Ladybirds Children's Services
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {continue<lJ
Year ended 31 March 2024
Achiev•ments and performance (contlnu•dJ
Parenting & Young Women
Ladybirds has developed a comprehensive parenting support programme which is delivered face to face
and digitally. It provides an intensive support programme for young women aged 16-25 who are at risk
of not reaching Iheir full potential and parents who require additional support and friendship.
Ending Violence Against Women & Girls
Ladybirds works with the South Eastern Domeslic Violence Partnership, a consortium of organisations
supporting victims and sutvivors of domestic abuse and coercive control. The organisation responded
lo the consultation on the Nl Executive policy development lo ensure the voice of local families, women
and girls were heard at a regional and pollcy making level.
Lobbying & Advocacy
The organisation lobbies local, regional and national Government. meeting with decision makers and
policy lead, to promote the support of families and and children in the Ards and North Down region, on
key areas which are impacting local families Including poverty, affordable childcare, early years support
and children wSth additlonal needs.
Promoting Intergenerational Engagement
Ladybird Children's Services recognises the valuable contribution older people provide lo the local
community and utilise thelr ski15s through our inlergenerational programmes. Ladyblrds currenlly
partners with Oakmounl Residential Home, lo develop unclerslanding of intergenerational working, older
peoples issues, respect and understanding. All generations are included in our family events, which
have been paused due to the Covid situation.
Education & Training
Parental educational support Is encouraged through our parenting programmes. This is provided
both face to face and digitally via Zoom and Teams lo maximise engagement and participation. We
facilitate employability support, CV building and job search for those parents who are seeking lo escape
the poverty trap.we have a dedicated Parenting Room in the Ladybirds Centre.
Cost of Living Crisls Interventlon
As the cost of living crisis Impact was stlll belng felt. with ongoing challenges In the Early Years sector.
LADYBIRDS remained at the forefront for planning for supporting vulnerable clients- new and existing
in relation to their health and wellbeing. Welfare packs to assist personal hygiene for women,
children, men and baby boxes were provided for client referrals, working in partnership with health
professionals, community organisalions and concerned residents. The centre continues to offer
Community Fridge Food Support programme and worked with Ards and North Down Borough Council
as a distribution partner during their Hardshlp programme during the winter of 2023.
Financlal review
Restricted reserves are used for the purposes intended as per the conditions of funding for each fund.
LADYBIRDS'S restricted reserwes balance related to the liming differential receipt of funding and
expenditure. There reserves should balance at zero when programmes are completed. There is 2
designated fund for the building project, to future proof the organisation and remove the ongoing risk of
premises being sold.
Unrestricted reserves are used for items in keeping with the organisalions charitable aims and objectives
including redundancy liability. At the end of the current year, the Charity shows a loss of
£15.414 which includes expenditure which has been capilalised for a period in the future.

Page 6
Ladybirds Children's Services
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {continu¢dJ
Year ended 31 March 2024
Plans for future periods
LADYBIRDS aims to
a) Continue refurbishment of the building to implement an enhanced Children & Family Centre
service for Ards North Down and strengthen the rural services for women, children and families
in the Borough.
b) Ladybirds is conlinuing to work with Nl Housing Executive to develop an onsite provision in
Kilcooley estate
cl Progress the digitalisation project to improve access to LADYBIRDS programmes via online
platforms.
dl Develop social economy to help sustain the organisallon, maklng it less relianl on grant income.
el Secure funding to upgrade Ihe building
Funds held as custodlan trustee
LADYBIRDS does not hold funds on behalf of others.
Trustees ResponsSbllltleg Statemont
The Trustees who are also Directors of LADYBIROS for the purposes of Company Law are
responsible for preparing the Trustees Report and the final statements in accordance with the
applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting
Practice).
Company law requires the Charity Trustees lo prepare financial statements for each year which
gives a true and fair view of the state of affairs of the charitable company and the incoming
resources and applicalion of resources, including the income and expenditure for that period.
In preparing these financial stalemenls, the Trustees are required to:
Selecl suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP (FRS 1021
Make judgements and accounting estimates Ihal are reasonable and prudent
State whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements
Prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the charity will continue in business
The Trustees are responsible for keeping adequate accounting records that are sufficient to show
and explain the Charities transactions and disclose with reasonable accuracy at any lime the
financial position of Ihe charity and enable them to ensure that the financial statements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and
henGe for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 7
Ladybirds Children's Services
Company Limited by Guarantee
Trustees. Annual Report {Incorporatlng the Director's Report) (cononued)
Year ended 31 March 2024
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
24 Dec 2024
The trustees. annual report was approved on .
trustees by..
and signed on behalf of the board of
SQ
Shona Kelly
Treasurer
Nicole Weir
Trustee

Page 8
Ladybirds Children's Services
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Ladybirds Children's
Services
Year ended 31 March 2024
I report to the twstees on my examination of the financial statements of Ladybirds Children's Services
('the Charity.) for the year ended 31 March 2024.
Responslbllltles and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparalion of the financial statements in accordance with the requirement5 of
Charities Act (Northern Ireland) 2008 (the'2008 Act,) and the Companies Act 20061'the 2006 Act,). You
are satisfied that the accounts of the company are not required by Charity or company law lo be audited
and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's financial slalements as carried out under section 65 of the 2008 Act. In carrying out my
examination I have followed the general Directions given by the Charity Commission for Northern Ireland
under section 65(9){b) of the 2008 Act.
Independent examiner's statement
I have completed my 8xaminalion. I conflrm thal no matters have Com8 to my attention in connection
with my examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act., or
the financial statements do not accord with those records: or
the financial statements do not comply with the accounting requirements of section 396 01 the
2006 Act other than any requirement th31 the accounts give a 'true and fail view which is not
a matter considered as part of an independent examination., or
the financial statements have not been prepared in accordance with the methods and
principles of the Slalement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
ri
¥vA
BrSan Stewart, for and on behalf of
RBCA Ltd
Independent Examiner
Chartered Accountants
Linenhall Exchange
26 Linenhall Street
Belfast
BT2 8BG
24 Dec 2024
Date......

Page 9
Ladybirds Children's Services
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Unrestricted
funds
2024
Restricted
funds Total funds
2024
2023
Total funds
Note
Income and endowments
Donations and legacles
Other trading activities
Total income
50,945
50,945
101,517
152,462
23,689
110,646
101,517
101,517
50.945
134,335
Expenditure
Expenditure on charitable activilies
Total expendlture
112,748
55,128
167,876
139,279
112,748
55,128
167,876
139,279
Net (expenditure)lincome and net
movement in funds
(11,2311
14,183)
(15,414)
(4,944)
Reconciliation of funds
Total funds brought forward
Total funds carried fOr￿ard
14,294
10,660
24,954
29,898
3,063
6,477
9,540
24,954
The slalemenl of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 11 to 19 form part of these financial ststements.

Page 10
Ladybirds Children's Services
Company Limited by Guarantee
Statement of Flnancial Position
31 March 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
12
12,546
9,154
Current assets
Debtors
Cash al bank and in hand
13
2,400
16,657
19,057
2,400
34,721
37.121
Creditors: amounts falling due within one year
Nel current Iliabilltles)lassets
Total assets less current Ilabililies
14
22,063
21,321
15,800
(3,006)
9,540
24,954
Nel assets
9,540
24,954
Funds of the charity
Restricted funds
Unrestricted funds
6,477
3,063
10,660
14,294
Total charily funds
16
9,540
24,954
For the year ending 31 March 2024 Ihe charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, r8sponsibililies:
The members have not required the company to obtain an audit of Ils financlal statements for the
year in question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and Ihe preparation of financial slatements.
These financial statements have been prepared in accordance with the provisions appllcable to
companies subject lo the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on
24.Dee.2024...
and ar8 signed on behalf of the board by..
SQ
KJMoLf
Shona Kelly
Treasurer
Nicole Weir
Trustee
The notes on page$ 11 to 19 fomi part of thèsè flnanclal statements.

Page 11
Ladybirds Children's Services
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operatlng actlvities
Net lexpenditurellincome
(15,414)
(4,9441
Adjustments for..
Depreciation of tangible fixed assets
Interest payable and similar charges
Accrued (income)lexpenses
3,136
506
2.288
515
{2)
Changes in..
Trade and other debtors
Trade and other credilors
(1,800)
(2,625)
6,568
742
Cash generated from operations
(11,030)
Interest paid
Nel cash (used in)Ifrom operating activities
{5061
(11,536)
{515)
(7,083)
Cash flows from investing activities
Purchase of tangible assets
Net cash used in investing activities
(6,528)
(6,528)
(280)
{280)
Net d•crease in Cash and cash equlvalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
(18,064)
34,721
(7,363)
42,084
16,657
34,721
The notes on pages 11 to 19 form part of these financial statements.

Page 12
Ladybirds Children's Services
Company Limited by Guarantee
Notes to the Financlal Statements
Year ended 31 March 2024
General infomiation
The charity is a public benefit entity and a private company limited by guarantee. registered in
N.Ireland and a registered Charity in Northern Ireland. The address of the registered office is 357
Old Belfast Road, Bagor, BT19 1 RB, N.Ireland.
Stalement of compliance
These fSnanGial slalements have been prepared In compliance with FRS 102, 'Th8 Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. the 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) (Charities
SORP (FRS 102)) and th8 Companies Act 2006.
Accounting policies
8a818 of preparation
The financial stalements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investmeni properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the funclional currency of the entity.
Golng concern
There are no material uncerlainlies about the charity's ability to continue.
Judgements and key sources of estlmatlon uncertainty
The preparation of the financial slatements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These eslimales and judgements are
continually reviewed and are based on experience and other factors, including expectations of
future evenls that are believed to be reasonable under the clrcumstances.
Fund accounllng
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's
purposes.
Designated funds are unreslricled funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one of￿0 sub-classes.. restricted income funds or endowment
funds.

Page 13
Ladybirds Children's Services
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accountlng pollcles (contlnuod)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction will
flow lo the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and ils amount can be measured reliably.
legacy income is recognlsed when recelpi is probable and enlitlemenl is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost lo the donor
or the estimated resale valuè. Donaled facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
Conlribution of general volunteers.
income from contracts for the supply of seNices is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for il to be spent on a particular purpose and returned if unspent, in which case
il may be regarded as restricted.
Resources •xpended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statement of financial
8clivilies to which il relales:
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither relaled lo raising funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned
between the activities they contribule to on a reasonable, justifiable and consistenl basis.
Tangible assets
Tangible assets are initially recorded al cost, and subsequently stated at Cost less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded
at Ihe fair value at the date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.

Page 14
Ladybirds Children's Services
Company Limited by Guarantee
Notes to the Financial Statements (¢ontinued)
Year ended 31 March 2024
Accounting policies {eOnlinuéd)
Tangible assets (eontlnu8d)
An increase In the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within Ihe statement of financial activities. A decrease in the carrying
amount of an asset a5 a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain. in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreclatlon
Oeprecialion is calculated so as to write off Ihe cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Equipment
20 % reducing balance
Impalrment of flxad assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when il is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of thecash-
generaling unit lo which the asset belongs. The cash-generating unil is the smallest identifiable
group of assets that includes the asset and generates cash inflows that largely independent of the
cash inflows from olher assets or groups of assets.
For impaimient testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generaling units that are expected lo benefit from
the synergies of the combination, irrespective of whether other assets or liabililies of the charity
are assigned to those units.
Flnancial instruments
A flnancial asset or a financial liability is recognised only when Ihe charity becomes a party lo the
contractual provisions of Ihe instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected lo be paid or recelved and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where inveslmenls in shares are publicly traded or thelr fair value can othe￿ise be measured
rellably, the investment is subsequently measured at fair value with changes in fair value
fecognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.

Page 15
Ladybirds Children's Services
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounllng pollcles (contlnu•d)
Financial instruments {conllnuèdJ
Other financial instruments, including derivatives, are initially recognised al fair value, unless
paymenl for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the assel 15 measured al the present value of the future
paymenls discounted al a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value. with any changes recognised
in the statement of financial activities, with the exception of hedging instruments in a designated
hedging relationshlp.
Financial assets th81 are measured at cost or 8mortised cosl are reviewed for objectlve evidence
of impairment al the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of finanGial activities
in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are indlvidually
significant, these are assessed individually for impairment. Other financial assets are either
assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impaimienl are recognised immediately, to the extent that the reversal does nol
result in a carrying amount of th& financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Deflned contribution plans
Contributions lo defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent that
the prepayment will lead lo a reduction in future payments or a cash refund.
When contributions are not expected lo be settled wholly within 12 months of the end of the
reporting dale in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in the
period in which it arises.
Llmlted by guarantee
The company is limited by guarantee and has no authorised or issued share capital. The company
has charitable status accepted by Ihe Charity Commission for Northern Ireland under reference
NIC670029
Donatlons and legacies
Restricted Total Funds
Funds
2024
Restrlcted Total Funds
Funds
2023
Donatlons
Donations
15,762
15.762
Grants
Grants receivable
50.945
50,945
7,927
7,927
50,945
50,945
23,689
23.689

Page 16
Ladybirds Children's Services
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 31 March 2024
Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Creche Income
101,517
101,517
110,646
110,646
Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds
Funds
2024
Charitable Actlvities
110,712
2,036
112,748
55,128
165,840
2.036
55,128
167,876
Unrestricted
Funds
Restrlcted Total Funds
Funds
2023
Charitable Activities
Support costs
108,435
1.955
28,889
137,324
1.955
110.390
28,889
139.279
Expenditure on charitable activities by activity type
Activities
Activities Total funds
undertaken undertaken
2024
dlrectly
dlrectly
Total fund
2023
Charitable Activities
Governance costs
165,840
165,840
2,036
137,324
1.955
2.036
165,840
2,036
167,876
139.279
Net (expenditure)lincome
Net (expendilurellincome is stated after chargingl{creditingl'.
2024
2023
Depreciation of tangible fixed assets
3,136
2,288
10. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Employer contributions to pension plans
95,692
1,978
97,670
79,084
1.635
80,719

Page 17
Ladybirds Children's Services
Company Limited by Guarantee
Notes to the Financial Statements {conlinuÈd)
Year ended 31 March 2024
10. Staff costs (contlnu•d)
The average head count of employees during the year was 12 {2023.' 11).
No employee received employee benefits of more than £60,000 during the year (2023.. Nill.
11. Trustee remuneration and expenses
No Trustees have received renumeration in the year.
12. Tangéble fixed assets
Equipment
Total
Cost
At 1 Aprll 2023
Additions
13,901
6,528
13.901
6,528
At 31 March 2024
20,429
20,429
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
4,747
3.136
4,747
3,166
7,883
7,883
Carrylng amount
At 31 March 2024
12,546
12,546
9,154
Al 31 March 2023
9,154
13. Deblors
2024
2023
Other debtors
2,400
2,400
14. Credltors: amounts falllng due wlthln one yèar
2024
2023
Accruals and deferred income
Social security and other taxes
Other Creditors
3,410
5,515
13,138
3.409
774
17,138
22,063
21,321
15. Pensions and other post retlrement benefits
Oeflned contribution plans
The amount recognised in income or expenditure as an expense in relation to
defined contribution plans was £1,978 {2023.' £1,635).

Page 18
Ladybirds Children's Services
Company Limited by Guarantee
Notes to the Financial Statements {c4ntinu¢d)
Year ended 31 March 2024
16. Analysis of charltable funds
Unrestricted funds
At 31 March
2024
Al 1 Aprll
2023
Income Expenditure
General funds
14,294
101,517
(112,748)
3,063
At 31 March
2023
At
1 AprS12022
Income Expenditure
General funds
14,038
110,646
(110,390)
14,294
Restrl¢ted funds
At
31 March
2024
At 1 Aprll
2023
Income Expenditure
Restricted Fund
10.660
50,945
(55,128;
6,477
Al 31 March
2023
At 1 April
2022
Income Expenditure
Restrlcted Fund
15,860
23,689
128,889)
10,660
17. Analysis of net assets between funds
Unrestricted Restrlcted Total Funds
Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors les5 than 1 year
Net assets
12,546
12,546
37,121
(22,063)
27,604
(22,063)
Unrestricted Restricted Total Funds
Funds
Funds
2023
Tangible fixed assets
Current assels
Creditors less than 1 year
Net assets
9,154
26,461
(21,321)
14,294
9,154
37,121
(21,321)
24,954
10.660
10,660

Page 19
Ladybirds Children's Services
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
18. Analysis of changes In net debt
At
Al 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
34,721
(18,064)
16,657