Company registration number.. NL670029 Charity registration number.. NIIC108165 LADYBIRDS CHILDREN'S SERVICES TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 IIIIILIIII 'AEHTRB19* 2011212025 COMPANIES HOUSE A19
181
Ladybirds Children's Services Contents Page Reference and Administrative Details Trustee5' Report Independent Examiner's Report Statement of Flnanclal Actlvltles (Includlng Income and Expendlture Account) Comparative Statement of Financial Actlvltles {includin9 Income and Expenditure Account) 8alance Sheet Notes to the Financlal Statements 10-15
Ladybirds Children's Services Reference and Administrative Details For-The Year Ended 31 March 2025" _ Trustees Shona Kelly Karln Gilkinson Alison Blayney (appointed 09/1012024) Ashley Clarke (appolnted 0911012024) Nlcole Welr Charity Number NIIC108165 Company Number N1670029 Reglstered Offlce 357 Old Belfast Road Bangor BT19 IR8 Independent Examiner Brian Stewart FCA Independent Examiners R8CA Llmlted Llnenhall Exchange 26 Linenhall Street Belfast BT2 88G Page I
Ladybirds Children's Services Company No. N1670029 Trustees, Report For The Year Ended 31 March 2025 The trustees present their report and the finandal statements for the year ended 31 March 2025. Objectlves and Activities Aims and ObSectlves The objectives of LADYBIRDS are to promote any Charitable purpose for the benefSt of women, chlldren and famlly's resident In the Ards North Down region to improve the condltbons of thelr Ilves. In particular to.. l.Provldlng high quality daycare and chlldcare and parenting in è safe and nurturlng environment and to encourage and develop their abllltles and confidence by organislng artivities that will enhance thebr health and wellbelng and thelr soclal and Intellectual development. 2.Provldlng facilities and recreational and edutational activities for the care and development of children and young people during out-of-school hours and School holidays. 3.Increasing parentol recognition of the needs of children and young people and the value of a structured childcare provislon and encouragin9 them to become involved in the actlvities of the Charity. 4.Advance education, relieve poverty and promote good health by the provision of advice and support to parentslguardlans and offer trainSng programmes almed at developlng 9ood parentlng. 5.Contrlbuting to the professlonèl development of those working in daycare and chlldcare. Public Benefits Statement & Declaratlon The publlc beneflt for Ladyblrd Children's Services are for the purposes 0¢ benefitlng children, parents19uardlans and families resident In the Ards North Oown area are'.- Enhance the developrnent and educatlon of children and young people - Enhance social and Intellectual development of the chlldren and young people taking port in the day and childcare activlties Improve health, confidence and capabilities of parentslguardians who take up offered tralnlng and support Provlde facilities and recreatlonal and educatlonal actlvity for children and young people durlng out of hours and school holldays EncouragSng parents and guardlan5 to become Involved in the actlvity of the charlty Developin9 the skills and ability of the staff vrovlde èdvice and support to parents and ouardlans and offer tralnlng almed at provldlng good parentlng No harm aroses from these purposes. Incidental benefit may arise from transferable skills tralning offered to Board members to fulfil their duties. LAOYBIRDS has been provldlng on51te chlldcare, playgroupi mums and tots groups, parentlng programmes and early interventlon Inltlatives for 27 years, formerly operatlng as a commvnlty assoclatlon, to ensure caring responsibilities are not barrler to engagement on programmes for women. It has now registered as full time daytare with South Eastern Healthcare Trust, to widen participation and improve the programmes and 5ervice5 provided to the children. Care Is provided for children who attend programmes of support and for supporting women who are returning to the workplace and who chose to support a soclal economy childcare setting. Provision 15 split into relevant age categories and rooms - Babie5 aoed 0-2 year5, Wobblers aged 2-3, pre-pre-school aged 3-4 and pre-school aged 3-4. Plans are in place to expand to offer afterschool servbce and to look for a second venue to extend the places available to parents due to the current waitin9 Ilst. Ladybirds Childcare unlt works closely wllh Farly Years organisation to enJure a quallty occessible seivlie iii Kilcooley and Ards North Down, for the community sector. LADYBIRDS provide5 a community resource for chlldren, and advances earty years and play development through the delivery of childcare programmes. parenting courses and initlatives, mentorin9 and gubdance. It aims to ensure all chlldren reach their developmental milestones and full potential through fosterlng a nurture based play programme, delivering evidence based programme5 Such as Nedia Inltiatlve and Incredible Years which support5 diversity and positive parenting tralning for the Early Years sector. l. Provlde a welcomlng space to dellver positive play development to enable all chlldren to meet thelr developmental milestones and meet their full potential. 2. To deliver positive parenting programmes for the relief of poverty and disadvantage. 3. Ensure children feel safe and secure and vèlued. .CONTINUED Page ?
Ladybirds Children's Servlces Trustees. Report (continued) For The Year Ended 31 March 2025 Aims and Objectlves - contlnued 4. Welcome all parents regardless of background, religion. race, marital status, political belief, sexual orientation, gender. or disability. S. Promote equal opportunlty and gender equallty. 6. Providing safe and satisfylng group play, in which parents are encouraged to take pèrt in the development of the lives of their children. 7. Increèse parental recognltSon of the needs of chbldren & youn9 people and the value of a structured chSldcare provlslon. 8. Encouraging parental recognition of the needs of chlldren & young people and the v)lue of strurtured childcare provislon designed to meet their needs. 9. Promotin9 and supportlng children & young people in developing Good Relatlons within their communlty and in other communltles. IU. Promoting actlvltles that wlll enhance the health & well-belng of children & young people, I l. Dolng all such other lawful things as are necessary for or conductive to the attaSnment of the above aims. Speclal Needs Support LadybSrds provides 5UPPOrt for Children with additional and speclal needs. It has facilities including a sen50ry garden with muslcal wall, atrylic mirror panels. wiz2y dizzy to help with physical and sensory needs, water tray wlth different levels and mud kltchens to explore dlfferent textures and sen50ry traln where we wlll grow our own food and experlence colours and smells. Our sensory room Including bubble tower, Infinity Tunnel, softle wlth fibre optlc lights, actlvity wall panels, weighted blanket, selection of sensory mobile tactile toys, fibre optlc rug, projector which displays scenes onto the wall, interactive keyboard and colour changlng bench and a sensory mood cvbe. The centre wlll contlnue to develop the sensory programme to becorne a centreof excellence for children with additional needs. Out of School Support l Hollday 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 encouraglng chlldren reachlng their full potentlal, developin9 their ¢onfSdence and self-esteem, Summer Schemes are based Sn disadvantaged areas targetlng hard to reach farnS1Ses who otherwise would not avall of summer scheme provision. Achievements and Performance Maln Achlevement$ staff Training Staff continue to particlpate In Contlnuous Personal Development (CPDI throughout the year, allgned to thelr Personal Development Plan. Tralnlng Included.. Safeguarding Paediatric First Aid Manual Handling Level 2 Award In Food Safety & Caterlng CCLD Level 5 Chlldcare Leadership & Development CMI Level 3 Project Management - Food Allergy & Intolerance Adverse Childhood Experiences Level I Level 2 Traurna Sensitive Approach SEN Level 2 -Level 5 Leadershlp ènd Management Health & Wellbeing Working in partnership wlth the Publlc Health Agency and the South Eastern Healthcare Trust, LADYBIRDS delivered 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 arts and crafts for posltive mental health. Ladybird5 also operates an onsite Foodbank which is assisting the issues of Food Poverty, which were heightened during COVID 19. Parenting & Young Women ..CONTINUED Page 3
Ladybirds Children's Services Trustees. Report (continued) For The Year Ended 31 March 2025 Maln Achievements- continued Ladyblrds has developed a comprehensive parenting sUPPOrt programme which is delSvered face to face and dlgbtally. It provbdes an Intensive support programme for young women aged 16-2S who are at rlsk of not reaching their full potential and parents who require additional sUPPOrt and friendship. Ending Violence Against Women & Girls Ladybirds works wlth the South Eastern Domestic Violence Partnership, a consortiom of or9anisètlons supportlng vlctims and survlvors of domesticabuse and coercive control. The organisatian responded to the consultation on the Nl Executive policy development to ensure the voice of local families. women and gbrls were heard at a regional and policy making level. Lobbying & Advocacy The organlsation lobbles local, regional and natlonal Government, meetlng wlth declslon makers and policy lead, to promote the support of families and children Sn the Ards and North Down region, on key area5 which are Impacting local families including povertyi affordable childcare, early years support and children with additional needs. Promoting Intergenerational Engagement Ladybbrd Chlldren's ServSces recooni5es the valuable contrlbutlon older people provlde to the local community and ytillse their skills through our Intergenerational programmes. Ladyblrds currently partners wlth Oakmount Residential Home, to develop understandin9 of Intergenerational working, older peoples Issues, respect and understandbng. All generations are included in our family everhts, which have been paused due to the Covid situation. Education & Tralnlng Parental educational svpport Is encouraged through our parentSng programmes. Thls Is provided both face to face and dlgitally vla Zoom and Teams to maximise engagement and partlcipation. We facilitate employabi1Sty support, CV building and job search for those parents who are seeking to escape the poverty trap. We have a dedicated Parenting Room in the Ladybirds Centre. EuropeJn Moblllty (Erasmus+) LADYBIRDS has been engaged in a number of Erasmus+ as an associate partner. Thls has enabled us to develop international Ilnks, develop good practlce and share innovation/knowledge exchange. This work will conclude in Summer 2023, due to Brexit. The centre wlll explore the Turing Scheme as an alternative and continue to work with the 8rltish Councll for Internatlonal engagement. Financial Revlew FlnJncial Positlon Restricted reserves are used for the purposes Intended as per the condltlons of fundSng for each fund. LADYBIRDS'S restricted reserves balance related to the timlng dlfferential receipt ol funding and expenditure. There reserve5 should balance at 2ero when programmes are completed. There is a desionated fund for the building project, to future proof the organisatlon and remove the ongolng rlsk of premises being sold. Unrestrirted reserves are used for items in keeping wlth the organisations charitable aSms and objectives includSng redundancy liability. At the end of the current year, the charlty shows a surplus of £35,873 (2024.. Deficit Él 5,414) wlth the accumulated funds of £45,413 (2024.. £9,540) whSch includes expenditure which has been capitalised for a perSod In the future. Addltlonal Note Plans for future periods LADYBIRDS aims to a> Complete the purchase of the bullding to implement an enhanced Chlldren & Famlly Centre service for Ards North Down and strengthen the rural services for women, b) Ladybirds Is contlnulng to work with Nl Housing Executive to develop an onsite provision in Kilcooley estste c} Progress the digitalisation project to improve access to LADYBIRDS programmes via online platform5. d) Develop social economy to help 5UStain the organisation, makSng it less rellant on grant income. e) Secure funding to upgrade the building Funds held as custodian trustee ..CONTtNUED Page 4
Ladybirds Children's Services Trustees. Report (continued) For The Year Ended 31 March 2025 Addltlonal Note - continued LADYBIRDS does not hold funds on behalf of others. structure, Governance and Management Governing Document Ladybird Children's SeNlces is governed by a Nemorandum and Articles of Association and rs a Company Limited by Guarantee with charltable status. LADYBIRDS is registered with HMRC for charitable purposes. On appointment to the Board of Directors, the Trustee receives induction trainlng to endure they are aware of the responsibility of their post. The roles and responslbllities of the Boart of Direttors are contained Sn the Board Induction Manual and detail the strateglc level of thelr decision making powers. OPerational matters are delegated to the Operation5 Manager who reports to the Board at meetings held at least 6 times per year. THere are Board Sub-Groups includSng Stsffing and Finance. It Is a fai)iily land chlldcare centre, reglstered wlth the South Eastern Trust, ,managed day to day by an Operatlons Manager and a team of qualified staff. It Is open Monday to Friday, 07.. 30 èm to 17.. 30pm. statement of Trustees. Responsibilities The trustees {who are also the directors of Ladyblrds Children's SeNices for the purposes of company law) are responsible for preparing the Trustees. Report and the financlal statements In accordance wlth appllcable law and Unlted Kingdom Accountlng Standards (United Kingdom Generally Accepted Accounting Practlce). Company law requires the trustees to prepare financial statements for each flnanclal year. Under company law the trustees must not approve the flnancial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, Including the income and expendlture, of the charitable company for that perlod. In preparlng the financlal statements the trustees are required to.. select suitable accounting policie5 and then apply them consistentlyt obseNe the methods and prlnclples in the Charity SORP,. make Judgments and accountlng estimates that are reasonable and prudent,. and prepare the financial statements on the going concern basis unless it is inapproprlate to presume that the company will contlnue In buslne5S. The trustees are responslble for keeplng adequate occountlng records whlch dlsclose wlth reasonable accuracy at anyt5me the flnancial position of the charltable company and lo enable them to ensLtre that the accounts comply wlth the Companies Act 2006. They are also responsible for safeouarding the assets of the company and hence for taklng reasonable steps for the prevention and detection of fraijrl And other irregularitieJ. The tnjstees are responsSble for the maintenance and integrlty of the corporate and financlal informatSon Included on the charitable company's website. Leglslation in the Unlted Kingdom goveming the preparatlon and dlssemlnation of financial statements may differ from legislation In other jurisdictions. Small Company Rules This report has been prepared in accordance with the special provisions relatln9 to companles svbJe¢t to the small cornpanies reglme wllhln Part 15 of the Companies Act 2006. The tnJstees' report was approved by the board of trustees and signed on its behalf by: s&.- &ii Ukjw Shona Kelly Nlcole WeSr Trustee Date Trustee 19 Dec 2025
Ladybirds Children's Services Independent Examiner's Report to the Trustees of Ladybirds Children's Services For The Year Ended 31 March 2025 I report to the charity trustees on my examination ol the accoLTrnts of the Company for the year ended 31 March 2025. Responsibilities and Basis of Report As the eharlty trustees of the Company {and also Its dlrectors for the purposes of company law). you are re5ponslble for the preparation of the accounts in accordance with the requirernents of the Companles Act 2006 ("the 2006 Act"). 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 examlnation, E report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examlnatlon I have followed the Dlrectlons glven by the Charity Commlsslon under sectbon 145{5) (b) of the 2011 Act. Independent Examiner's Statement I have completed my examlnation. I confirni tht no matters have come to my attention In ctsi)IleLtSon wlth the examinatlon givlng me cause to believe: l. accounting records were not kept In respect of the Company as required by sertion 386 of the 2006 Act; or 2. the accounts do not accord with those record5; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other thèn any requirement that the accounts give a 'true and falr vlew, whlch Ss not a matter consldered as part of an Independent examinatlon; or 4. the accounts hove not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard appllcable in the UK and Republlc of Ireland (FRS 102). I have no concerns and have come across no other matters In connectlon with the examlnatlon to which attentlon should be drawn in this report in order to enable a proper understanding of the account5 to be reached, Brian Stewart FCA Independent Examiners Date RBCA Llmlted Llnenhèll Exchange 26 Linenhall Street Belfast BT2 8BG 19 Dec 2025 Page 6
Ladybirds Children's Services statement of Financial Activities (including Income and Expenditure Account). For The Year Ended 31 March 2025 2025 2024 Unrestricted Restrlrted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and.legacies Other tradin9 activities 20.856 20,856 156,151 50,945 101,517 156,151 156,151 20.856 177,007 152,462 EXPENDITURE ON: Charltable a¢tlvities'. Expenditure on charitable activities {120,278) (20,856} {141, 1341 (167,877) NET INCOME/(EXPENDITURE) 35,873 35,873 {15,41S) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 35,873 35,873 (15,415) 3,063 6,477 9,540 24,954 TOTAL FUNDS CARRIED FORWARD 14 38,936 6,477 45,413 9,539 The notes on page5 10 to 15 form part of these financlal statements. Page 7
Ladybirds Children's Services Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2024 Unrestricted Restricted funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Oonations and legacie5 Other tradlng activitles 50,945 50,945 101,517 101,517 101,517 50,945 152,462 EXPENDITURE ON: Charitable activitles: èxpendlture on charltèble artlvlties (112, 7481 (55.129) {167,8771 (11,232) NET EXPENDITURE {4.183) {15,415) NeT MOVEMENT IN FUNDS RECONCILIATION OP FUNDS: Total funds brovght forward (11,2321 {4,183) {15,415) 14,294 10,660 24,954 TOTAL FUNDS CARRIED FORWARD 14 3,062 6,477 9,539 The notes on pages 10 to 15 lorm part of these flnancial statements. Pagc 8
Ladybirds Children's Services Balance Sheet As At 31 March 2025 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes FIXED ASSETS Tangible Assets li 10,037 10,037 12,546 10,037 10,037 12.546 CURRENT ASSETS Debtors Cash at bank and in hand 12 2,400 16,657 45,609 6,477 52,086 45,609 6,477 52,086 19,057 Credltors: Amounts Falllng Duè Withln One Year 13 116,710) (16,710) {22,064) NET CURRENT ASSETS (LIABILITIES) 28,899 6.477 35,376 13,007) TOTAL ASSETS LESS CURRENT LIABILITIES 38,936 6,477 45,413 9,539 NET ASSETS 38,936 6.477 45,413 9,539 FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds 6,477 38,936 6,477 3.062 TOTAL FUNDS 14 45,413 9,539 For the year endlng 31 March 2025 the charitable company was entitled to exemptlon from audit under sectlon 477 of the Companles Act 2006 relatlng to small companies. The members have not required the charitable company to obtaln an audit in accordance wlth section 476 of the Companles Act 2006. The trustee5 acknowledge their responsibilities for complying with the quirementS of the Act with respert to accounting records and the preparatlon of accounts. These accounts have been prepared In accordance wlth the provisions applicable to companies subject to the Small companies regime. On behalf of the board SL UkJ@Af Shona Kelly Nlcole Weir Trustee Oate Trustee 19 Dec 2025 The notes on pages 10 to 15 form part of these financial statements. Page 9
Ladybirds Children's Servlces Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Information Ladybirds Children's Services Is a company limited by guarantee, incorporated in Northern Ireland. registered number N1670029 and registered charlty number NIIC108165. The registered office is 357 Old Belfast Road , Bangor, 8T19 IRB. 2. Accounting Pollcles 2.1. B?sis of Preparation of Financlal Statements The financial statements have been prepared in accordance wlth the Charlties SORP IFRS 102) "Accountlng and Reportlng by Charities.. Statement of Recomrnended Practice appllcable to charities preparing their accounts In accordance with the Financial Reportlng Standard applicable In the UK and Republic of Ireland {FRS 102) leffectlve I January 20191" Financial Reporting Standard 102 "The Finantial Reportino Standard appllcable in the UK and Republic of Ireland" and the Companles Act 2006. The charitable company Is a Publlc Benefit Entlty as defined by FRS 102. The presentation curreney is £ Sterllng. The level of rounding is to the nearest £. 2.2. Golng Concern Dlsclosure There are no material uncertèlnties about the charlty's ability to contlnue. 2.3, Significant Judgements and estSmatlons The preparatlon of the flnanclal statements requlres management to make Judgements, estimates and assumptlons that affect the amounts reported. These estimates and Judgements are continually reviewed and are based on experience and other factors, includlng expectations of future events that are believed to be reasonable under the circumstances. 2.4. Fund Accountlng Unrestricted funds are avallable for use at the discretion of the trustees to further any of the charlty's purposes. Designated funos are unrestricted funds earmarked by the trustees for partlcular future project or comrnltment. Restricted funds are subjected to restrlttlons on thelr expendlture declared by the donor or through the terms of an appeal, and fall Snto one of two sub-classes.. restrlcted income funds or endowment funds. 2.5. Incoming Resources All Incoming resources are Included In the statement of flnanclal activities when entitlement has passed to the charityt t Is probable that the economic beneflts associated with the transaction wlll flow to the charity and the amount Can be reliably measured. The following speclflc policies are applied to particular categories of Income., Income from donatlons or grants is recognised when there Is evidence of entitlement to the oift, receipt is probable and Its amount can be rneasured rellably. legacy income is recognlsed when receipt is probable and entltlement Is established. Income from donated goods Ss measured at the fair value of the goods unless this Is impractlcal to measure rellably* in which case the value is derived from the cost to the donor or the estlmated resale value. Donated facilities and servlces are recognised in the accounts when received if the value can be re15ably measured. No arnounts are Included ror the contribution of general volunteers. income from contrdcts for the supply of services Is recognise(J with the delivery of the contracted Service. This is classified as unrestricted fund5 unless there is a contrartual requirement for it to be Spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Page lo
Ladyblrds Children's Services Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2.6. Resources Expended Expenditure is recognised on an accruals basls as a Ilability is Incurred. Expenditure includes any VAT whlch cannot be fully recovered. ond is classified under headings of the ststement of financial activities to which it relates.. expenditure on raising fund5 includes the costs of all fundraising activities. events, non-charitable trading actlvltles. and the sale of donated ooods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of Its beneflclanes, includin9 those support costs and costs relatln9 to the governance of the charlty apportloned to charltable actlvltle5. other expenditure Includes all expendlture that Is neither related to ralslng funds for the charity nor part of Its expenditure on charitsble actlvities. All costs are allocated to expendlture categories reflectlng the use of the resource. Direct costs attrlbijtahlp to a $ln9le activitv are allnrAltr,d dir•rtly to thè¢ 3knliviLy. costs èi Lluiied berween the activities they contribute to on a reasonable, justiflable antj consistent ba515. 2.7. Tangible Flxed Assets and IleprecSatlon Tangible flxed assets are measured at cost less accumulated depreciation and any accumulated impalrment losses. Depreciatlon 15 provided at rates calculated to write off the cost of the ffixed assets, less their estimated residual value, over thelr expected useful Ilves on the followlng base5'. Computer Equlpment 20% reduclng balance 2.8. Cash and Cash Equivalents Cash and cash eoulvalents are baslc flnancSal assets and Include cash In hand and deposlts held at call wlth banks, other short-term hlghly Ilqubd Investments that mature in no more than three months from the date of acquisitlon and are readily convertlble to a known amount of cash with inslgnlficant risk of change in value, and bank overdrafts. 2.9. Flnanclal Instruments A flnanclal asset or a Ilnènclal Ilablllty Is recognlsed only when the charlty becomes a party to the contractual provisions of the instrument. Basic financièl instruments are Snitially recognised at the amount recelvable or payable includlng any related transactlon costs. Cui'rent assets and current Ilabilities are subsequently measured at the cash or other consideration expected to be pald or recelved and not dSscounted. Debt instruments are subsequently measured at amortlsed cost. Where Investments In shares are publicly traded or their falr value can otherwise be measured reliablytr the investment is subsequently measured at fair value wlth changes in fair value recognlsed In income and expendSture. All other such Investments are subsequently measured at cost less Impalrment. Other financlal instruments, Including derlvatives, are Initially recognlsed at falr value, Ltnless payment for an asset is deferred beyond nomial business terms or financed at a rate of interest that is not a market rate, in which cose the asset is measured at the present value of the future payments discounted at a market rate of Interest for a similar debt instrument, other financial instrtjments are subsequently measureo at falr value, with any changes recognised In the statement of financial activities, with the exception of hedging instruments in a designated hedglng relationship. Flnancial assets that are measured at cost or amortlsed cost are reviewed for objectlve evidence ol impairment at the end of each reporting date. If there is objective evldence of impairment, an Impalrment loss is recognlsed under the appropriate headlng In the statement of financial activities In whlch the Inltlal galn was recognlsed. For all equity instruments regardless of slgnificance, an(J other financial assets that are individually 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 impairment are recognised immediately. to the extent that the reversal does not esult in a carrying mount of the flnanclal asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 2.10. Taxation The charity Is exempt from tax as all its Income Is charltable and applied for charltable purposes. Page 11
Ladybirds Children's Services Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2.11. Defined contribution plans Contributions to defined contribLFtlon plans are recognised as an expense in the period In whlch the related seNlce Is provided. Prepald contributions are recognised as an asset to the extent that the prepayment wlll lead to a reductlon in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the dlscount Is recognI5ed a5 an expense In the perlod In whlch It arises. 3. Income from Donations and Legacles 2025 2024 Restrlcted Total funds funds Donatlons and glfts 20,856 50,945 The following grants are Included wlthln the total Income from donations and legacles above: 2025 2024 Restricted funds Total funds Grant recelvable5 20,856 50,945 4. Income from Other Trading Actlvities 2025 2024 Unrestricted Total funds funds Income from other tradlng artivitles 156,151 101,517 5. Net Income/(Expendlture) The net Income/lexpendSture) 15 Stated after charglngl{crediting)'. 2025 2024 Depreciation of tangible fixed assets - owned 2,509 3,136 6. Analysls of Expenditure 2025 Actlvitie$ undertaken dlrectlv Support costs (see note 7) Total Expendlture on charttable actlvltles 94,354 46,780 141,134 Page 12
Ladybirds Children's Services Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2024 Activities undertaken dlrectly Support costs {see note 7) Total Expendlture on chorltable actlvities 115,008 52.869 167,877 7. Support Costs 2025 Expenditure on charhtable activities Employee cost5 Premlses expenses General administratSon Depreciatlon 14,859 12,743 16,669 2,509 46,780 2024 Expenditure on charitable activities Employee costs Premises expenses General adminlstratlon Depreciatlon 1,483 27,838 20,412 3,136 52,869 8. Independent Examlner's Remuneratlon 2025 2024 Independent examination of the Ilnancial statements 2,000 1,530 9. Staff Costs Staff costs were as follows: 2025 2024 Wa9es and salarles 93,097 115,008 No employees recelved employee beneflts {excludlng employer penslon costs) for the reporting perlod of more than £60,000. 10. Average Number of Employees Average number of employees during the year was.. 12 12024.. 12) Pagc 13
Ladybirds Children's Services Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 - 11. Tan9lble Assets Cornputer Equipment Cost As at l April 2024 20,429 As at 31 March 2025 20,429 Oepreciation As at l April 2024 Provlded durlng the perlod 7,883 2,509 As at JI March 2025 10,392 Net Book Value As at 31 March 2025 10,037 As at l Aprll 2024 12,546 12. Debtors 2025 2024 Due within one year Trade debtor5 2,400 13. Creditors: Amounts Falling Due Withln One Year 2025 2024 Amounts owed to group undertakings Taxatlon and soclal security Accruals and deferred Income 13,139 1,572 1,999 13,138 5,SlS 3,411 16.710 22,064 14. Movement In Funds As at l Aprll 2024 Asat31 xpendlturo March 2025 Incorn• Unrestricted funds General.. General unrestricted fund Restrirted funds Restricted fund 3,063 156,151 (120,278) 38,936 6,477 20,856 {20,856) 6,477 Total funds 9,540 177.007 {141,1341 45,413 As at l April 2023 Asat31 Expenditure March 2024 Income Unrestricted funds General.. General unrestrlcted fund 14,294 101.517 (112,749) 3,062 .CONTINUED Page 14
Ladybirds Children's Services Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Restricted funds Restricted fund 10,660 50,94S {55,128) 6,477 Total funds 24,954 152,462 {167,877) 9,539 15. Transactions with Trustees None of the trustees received any remuneration or any other beneflts from an employment with the charlty or a related entity ¢Jurlng the current or previous year. 16. Related Party Dlsclosures There were no related party transactlons durlng the year. 17. Company limited by guarantee The company Is Ilmlted by guarantee and has no share capltal. Every member of the company undertakes to contrlbute to the assets of the companyi In the event of a wlnding UPJ such-an amount as may be requlred not exceeding £1. Pay¥ IS