Charity Number: NIC109147 Treehouse Creche Accounts for the year ended 31 March 2024
Treehouse Creche Contents Page Legal and Adininistrative Infomiation Trustee's Report Indepeiident Examiners Report Statement of financial Activities Balance Sheet Notes to the accouiits 7-10
Treehouse Creche Legal and Administrative Information Charity Name Treehouse Creche Charity Number NIC109147 Operational Address l A Westway Derry N Ireland BT48 8EN Charity Trustees Michael Mccaffety (Chairperson) Stephen Cooley Cathy Mcclaffety Lesley Hager (Secretary) Sandra Sweeney Tina Lynch Jacqueline Power Accountants McGroarty Mccaffety & Company Ltd Accountaiits & Tax Consultants 2 Carlisle Terrace Derry BT48 6JX Bankers Bank of Ireland 27 Culmorc Road Derry BT48 8JB Page I
Treehouse Creche Trustee's Report The trustces present their report and tli¢ financial statements for th¢ year ended 31 March 2024. Principal actlvity and obJ¢ctivcs Th¢ Association is established to provide safe and affordable childcarc in an area of deprivation, by providing the children a friendly place to go to improve their social and interaction skills and give parents and carers the opportunity to work, at training or return to education, with the assurance that their children are well cared for. Trustees and tlieir interests Tlie Ineinbers of the charity for the purposes of charity law and tljroughout this report are collectively referred to as the trustees. The trustees serving during tlie year and since the year end were as follows; Micliael Mccaffety (Chairperson) Stephen Cooley Catliy Mcclaffety Jacqueline Power Lesley Hager Sandra Sweeney Tina Lynch (Secretary) Coverning Document The organisation is an unincorporated Association with charitable status. The Association was established under a Constitution ivhich outlined the area of benefit and the objects of the charitable organisation and is governed under its Constitution. Recruitment and appointment of the nianagement committee Tlie inaiiagement coiniiiitte¢ of the Association ¢onsists of sev¢n memb¢rs and shall meet at least nTn¢ times a year. Tlie members of tlie management committee shall have tlie power to appoint any member of the Association to be a member of the managemeiit committee, either to fill a casual vacancy or as an addition to the existiiig Inembers. Any member may withdraw from the Association at any time giving at least fourteen day's notice to tlie Association. Risk Managoment The trustees have assessed tlie major risks to which the association is exposed, in particular those related to the operations and finances of the association, and are satisfied that systems are in place to mitigate the exposure to the major risks. Financial review Tlie Manageinent Coirjmittee is empowered to receive money in the form of subscription5, grants and donations and to raise money by other lawful means. All Inoney raised for the Association shall be used to further the objectives of the Association and for no other purpose. Plans for Future Periods The associalion plans to contiiiue to develop on the activities as outlined above in the forthcoming years subject to satisfaclory fundiiig arrangements. Page 2
Trechouse Creche Sta(LmLnt of trustLLS' fL'spoiisibilitlL'Ji The Iruslees are i'esponsible for prepLirino Ihe Linnual report and the fin1( llLicl1 slaleinenls in aLcordance willi applicablc law and Unilcd Kingdoin Gencral ly Acccpied Accounting Prglclice. Thc Iclw appliLablc l() ¥hariii¢s iii N()rthcni Irclund i'oquirc¥ Ilic monibcrs [(} pr¢pur¢ fiiiunciul 8talcnicnl.8 f()r C&icII tiniinciiil yeur thiit give u true kind tuir view of the .%lilte of tlie iift'iiir.% ot the chiirity ill tlie end of the tin¢inciiil yLur and of ils .sui'pluq or deticit for Ilie tinancial yelL r. In doing qo Ilie Iru8lee.s Éve required 10: sclcct suilablc acL()uiiting pi)licic% aiid apply Ihcm c()n8i8tLntly; obscrve tlie inLII)()ds Éiiid principles in Ihe Charitic% SORP 2019; niiikc judgcmciil% und ciliniulCS Ihul urL rLasonublc uiid pruLlcnl; lale whelhei. dppliLuble aLL()uiiliii¥ sldiidai'ds liave been folli)%ved, subjeLI l() uny maleriul depai'lure.s disLlI)sed Ind explained iii tlie tinanciLiI 8ialenients; prepÉire Ilie I Inan¢ial 8lLilenienl.s ()n Ihc gy()in&i L{)ncern unles.4 il ]% inuppri)priiiie i() pre8umL Ihui Ilic Lharily will continue in operation. Thc truslC¢S ofL re.4ponsiblc for maintaining propcr accouniing rccL)rds ivhich diSLlo.%c wilh rca50nablc acLuracy Élt 'iny time the fiiiiL nciil pogition ot the chiritv lind enabl¥.4 ih¢m to Lnqurl Ihllt the fin41ncial %11temen14 comply wilh Ihc Charilics ALI (N(711hciii Irelaiid) 2008.Tlic IIusiec5 lire 1150 I'e5poiisible lor s.Ifc&Ju47rdiiig the :15scl% of Ilic charily lind lience tor t&?king reiisoll4ible step% t'or tlie preveniion and detecllon ot t'raud Éind other irregularities. A res0luiioii will be pr()pi).4ed nl Ihc AIiiiLiuI GcnLriil MLClin¥ that MLGr()ariy MLCaffci-iy & C()n)pany Ltd bc re-Lippointvd ii.s IndLPLndL'nt Ex41miner.s to the chcirily for the en5uintF yeclr. By Ordcr ol- Ihe LMan¢igcmeni Conimillee Comniittee nicniber Dutc: 21 Junuary 202) PaRe 3
'I'reeliouse Creche Inclepenclent Eiaminer's rei)ort to the charih. committee members of Treehouse Creclie Wc rcport un Ilic aLCOllllt4 ot" Ilic Lliariiy I c)r tli¢ yciir Lnd¢d .3 l Marcli ?0?4. iyhicli Lire %et oiit Oli P42gyes 5 - 11). Re51)ective re5ponsibÉlities of cliiiritv comniittee members lind e.¥iiminor As tlie charity's iiicinber4 you aic rc%poiisible for tli¢ i)r¢par¢ilioii of Ilie Éi¢coiinl% iii i& ccordi& lice ivitli tlic CliaritiL% Act (Ni)rtlicrii IrL'liiid) ?008. 1115 OLir rLpOli51bilIlY to: ¢X¢l1iiin¢ tlie &lC¢Ollllt% uiid¢r Sectioii 65 of tlic Cli&lrities Act: lul loiii tlie prc)Lediire4 l&iicI cloii'ii in iliL' &yciicriil DircLtic)ii% jij ot. tliL CI)2LritlL% ALt: .%IL)tL iiplILilicr parlicLilar Ill&iltLr% Iiavc LOllIL to our iilt¢nlioii. li by Ilic Cc)Innii.%sic)11 Liiidcr ScLtioii ()519) (1)) BASIS of In(Ici)endent eianilner's report We Iiiive exaiiiiiied yoiir clii&rily &lCC()Illlt.S &l.% reqiiirecl iiiider Seclioii l)5 of Ilie Cliarilic.% ALt lind c)Iir cxaiii11l.1tion iV&15 L&lfi'iLd oiit 111 JLLordiinLe ii'iili tIiL &yL'ii¢f.111)irccli0114 bFjll¥ii by tlic Cl)1rity Coiiiin is%ic)ii toi. NloitliL'rIi IrLI'ii)d iiiidci. Scclioii 65 (9){b) of ilie Cli:Irilic% ALI. Oiir cxaiiiiJi¢1tioii iiicliidcd rcviciv of tlic accoiiiitillb) I'Lcords kci)I by tlic Llitti-iry c111d a COillP¢irisoii of tli¢ acLoLlllt4 prc4ciitcd ii'itli ihosc recorLl%. li cil%0 iiiclLILlecl coJi%ider]tiorJs of iiiy linusu11 ilcin% or disclo.surc.% iii IIIL ILLOLiiIIs. cind %eL.kin¥ c.xplLliidlioii Iroin you as LIILirity iiictnbL Th L()IILcriiinLI L]IIy -%LicII IiiLlttLr%. Oiir rol¢ is to stale iiiliLthLI' <lllV 111:Ilcri'il iiiallcrb l)LlVL LoiiIL Io OLlI- 'IIIL'iIIIoii 4riviiigF Ll% L<lllS¢ lo b¢] ILv¥: I , Tli2£ 1 IL ILoiiiIIiiiLi fuLord% ii'irL iioi kei)i iii aciord1i IILL IVitlI SoLtioii ()3 of tlic C5ii?I'itiLS Act. "r111¢ t Illl clLcoiiiils do iiot c1ccord iviili 1110sL LILLoiinlLlliY rccords. .3. Tli¢lt Ilic accoiiIilN do iiot coii)i)ly 14'iili Ilic 41ccoiiiifiiibV rcqiiircjiieiits of Ilie Cliiirities Aci. 4. Tlial tIiLri i.s fiii1hci' intoi'iiialic)ii IicL(ILLI tor <1 prui)Lr unclLpilanding7 of IliL &lLLC)Iiiil.% lo bc rLI'lLlILd. Indei)eiident E%iiminer'8 Stiitement We liave LOlllI)leted i)Lif ¢,X¢iiiiination 14 nd liavc no LollLLrnS in rL'%PLLI ol" IIIL lii<illcr% 1 41 islLd IibL)K'c lind, in LOllllCLtioii iviili tIiL lolloiviii& DiiL"Llioii.% of Illl C l)4lrily Coiiiiiii%%ion Ni lorthilil IrL'lai)d; IL I1?¢ foiiiid 110 Illc1ttcr4 tliilt rcqiiii'e (Iraiviiiq to oiir ÉltlLiIIioii. ,)qcGroi)I , hqcciiffe t!, &, Conii)ii Accountants find TAI C nts 2 C.iirli cTcr Derri. N Irelllnil BT48 6JX D4te: 21 J2nuin, 2024
Treehouse Creche Statcment of Financial Activities for the year ended 31 March 2024 Restricted Funds Unrestricted Funds 2024 2023 Income and Expenditure Incomlng R¢sources Voluntary Income 94,308 94,308 93,606 Total IDcomlng Rcsour¢¢$ 94,308 94,308 93,606 Resources Expended Manageinent & Administration 104,115 104,115 86,877 Total Resourccs Expended 104,115 104,115 86,877 Net Incoming / (Outgoing) Resources (9.807) (9,807) 6,729 Balances brought forward l April 2023 9,191 9,191 2,462 Balances carried forward 31 Marcli 2024 (616) (616) 9,191 The above amounts relate to Continuing operation5 of the organisation. The organisation has no recognised gains and losses other than those included in the results above and therefore no separllte statement of total recogniscd gains and losses has been presented. There is no difference between the net incoming resources for the year stated above and their Iiistorical cost equivalents. Page 5
Treehouse Creche Balance sheet as at 31 Nl¥qrch 2024 2024 2023 Current assets CÉi%li < b&ink" sind in hiind 11.098 CurrL'nl liubililies Oilier Lredilor. ALLruals 2,1133 1,441) 92 3,47.3 1.907 NLIt current (liabilitlL'S)IussL'ts (616) 9,191 I'otal as.sets less LurrLint liab5lltle.s (616) 9,191 Funds Restricted Unre4lriLled (61.)) 9,190 (61.5) 9.190 VAUDArnM.nOEBthITBALAPICE W¢ appri)VL Ihcsc aLLÉ)untS &1nd conlirm Ilial ive have niade availuble ull rclcvanl record8 and inlornialion li)r their prepui'aiion. Member Me Date: 21st January 2025 Date: 21st January 2025 Page 6
Treehouse Creche Notes to the accounts for the year ended 31 March 2024 Accounting policies The principal accounting policies adopted in tli¢ preparation of the financial statements are set out below and have remaiiled unchanged from the previous year, and also have been consistently applied witliin the same accounts. 1.1. Accounting convontion The accounts are prepared under tlie historical cost Convention modified when necessary? and in coinpliance with the Charities SORP (FRS 102). Inconie (i) Grants Grants represents all amounts received and receivable during the year. Capital grants are released to the profit and loss account in the year in which they are received in line witli tli¢ Cliaritics SORP (FRS 102). Revenue grants are credited to the Statement of Financial Activities in the year tliey are received. (li) Doiiations & adininistration income. Tliis comprises amounls received during the y¢ar. 1.3. Expenditure (i) Direct Cliaritable Expenditure This represents all expenditure directly attributable to charitable causes. (li) Management & Administration This in¢lud¢s all other expenditure not directly allo¢ated abov¢ and a portion of the overliead costs attributable to maiiagement and administration. Page 7
Treehouse Creche Notes to tbe accounts for the year ended 31 March 2024 Incomo 2024 2023 Unrestricted Tncome Grant Income Fees Otlier iTi¢om¢ 6,000 87,859 449 5,530 85,635 2,441 94,308 93,606 Restricted Income 94,308 93,606 (i) Restricted Funds Funds received wliich are earmarked by the Funder for specific purposes. Such purposes are within the overall aiins of the organisation. (11) Unrestricted Funds Funds ivhich are expendable at the discretion of the company in furtherance of the aims of the charity. In addition funds may be held in order to finance capital investment and working capital. Page 8
Treehouse Creche Notes to the account5 for the year ended 31 March 2024 R¢sources Eipend¢d Restrlcted Funds Unrestricted Funds Total 2024 Total 2023 Management & Administration Staff Costs Slaff pensions Training Establisliment costs Materials Plioiie Professional fees Accouiitan¢y fees Bank fees Repairs and maintenance Insurance Stationery & postage 86,309 1,027 3,133 5,623 5,134 367 91 540 630 570 641 50 86,309 1,027 3,133 5,623 5,134 367 91 540 630 570 641 50 77,085 512 1,680 I,ooo 3,914 447 319 900 400 583 37 104,115 104,115 86,877 Nct Incomlng Resourccs 2024 2023 Net incoming r¢sourc¢s has been arrived at after charging. Accountancy fees 540 Number of employees The average monthly iiumbers of employees during the year, calculated on the basis of full tiirje equivalcnts, was as follows: 2024 Number 2023 Number Employoes 2024 2023 Salaries and wages 86,309 77,085 Taxation No cliarge to taxation is due as tlie association has charitable status. Page 9
Treehouse Creche Notes to the accounts for the year ended 31 March 2024 Current liabilities 2024 2023 Taxes aiid social security Costs Other Creditors Ac¢ruals 239 1,794 1,440 92 1,815 3,473 1,907 Movements in Funds At l April Incomlng Outgolng 2023 resources resources At 31 March 2024 Restricted funds: Total restricted funds Unrestricted funds: Total unrestricted funds 9,191 94,308 (104,115) (616) 9,191 94.308 (104.115) (616) Page 10