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REGISTERED COMPANY NUMBER: NI025862 (Northern Ireland)
REGISTERED CHARITY NUMBER: 101666














Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Careers N Kids

Careers N Kids

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 12

Careers N Kids (Registered number: NI025862)

Report of the Trustees
for the Year Ended 31 March 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objective is to provide facilities for the daily care, recreation and education for children who are below the compulsory school age and for children of compulsory school age out of school hours and during school holidays. These objectives were achieved during the year and the charity has met the benefit requirement.

FINANCIAL REVIEW
Financial position
The trustees are satisfied with the results for the year and the year end position for the company.

The net decrease in resources for the year amounted to £37,197 which was credited to funds brought forward. Total funds carried forward at the year end amounted to £(69,026). The results are set out in the income and expenditure account.

Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

FUTURE PLANS
The trustees will continue to promote the objectives of the company in future years.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Careers N Kids is a company limited by guarantee and does not have a share capital. It is governed by its Memorandum and Articles of Association. The liability of each member is limited to an amount not exceeding £1.

Recruitment and appointment of new trustees
The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Trust Deed.

Organisational structure
None of the trustees have any beneficial interest in the company. Decisions at General Meetings shall be made by passing ordinary resolutions requiring a simple majority of members present and voting.

Risk management
The trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
NI025862 (Northern Ireland)

Registered Charity number
101666


Careers N Kids (Registered number: NI025862)

Report of the Trustees
for the Year Ended 31 March 2024


Registered office
81 Percy Street
Falls Road
Belfast
Co. Antrim
BT13 2HT

Trustees
Ms R L Breen Solicitor
T Matthews Town Planner
P A McDonnell Electrician
Ms K O'Kane Training Consultant
Ms C Quinn Social Worker

Independent Examiner
Conaill McGrady FCA
M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of Careers N Kids for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which 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 expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 29 May 2025 and signed on its behalf by:




P A McDonnell - Trustee

Independent Examiner's Report to the Trustees of
Careers N Kids


Independent examiner's report to the trustees of Careers N Kids ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies 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 examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in Ireland, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Conaill McGrady FCA
The Institute of Chartered Accountants in Ireland

M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

28 May 2025

Careers N Kids

Statement of Financial Activities
for the Year Ended 31 March 2024

31/3/24 31/3/23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - - - (1 )

Charitable activities
Charitable - 301,408 301,408 288,473
Total - 301,408 301,408 288,472

EXPENDITURE ON
Charitable activities
Charitable - 338,605 338,605 313,802

NET INCOME/(EXPENDITURE) - (37,197 ) (37,197 ) (25,330 )


RECONCILIATION OF FUNDS
Total funds brought forward 4,504 (36,333 ) (31,829 ) (6,499 )

TOTAL FUNDS CARRIED FORWARD 4,504 (73,530 ) (69,026 ) (31,829 )

Careers N Kids (Registered number: NI025862)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 - 6,441 6,441 7,248

CURRENT ASSETS
Debtors 7 - 2,390 2,390 2,516
Cash at bank - 18 18 17
- 2,408 2,408 2,533

CREDITORS
Amounts falling due within one year 8 4,504 (82,379 ) (77,875 ) (41,610 )

NET CURRENT ASSETS/(LIABILITIES) 4,504 (79,971 ) (75,467 ) (39,077 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,504

(73,530

)

(69,026

)

(31,829

)

NET ASSETS/(LIABILITIES) 4,504 (73,530 ) (69,026 ) (31,829 )
FUNDS 10
Unrestricted funds 4,504 4,504
Restricted funds (73,530 ) (36,333 )
TOTAL FUNDS (69,026 ) (31,829 )

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Careers N Kids (Registered number: NI025862)

Balance Sheet - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 29 May 2025 and were signed on its behalf by:





P A McDonnell - Trustee





R L Breen - Trustee

Careers N Kids

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


Careers N Kids

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31/3/24 31/3/23
£    £   
Depreciation - owned assets 807 924
Other operating leases 6,512 4,977

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


4. STAFF COSTS
31/3/24 31/3/23
£    £   
Wages and salaries 281,513 266,193
Other pension costs 7,504 6,941
289,017 273,134

The average monthly number of employees during the year was as follows:

31/3/24 31/3/23
Daycare assistants 16 17

No employees received emoluments in excess of £60,000.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - (1 ) (1 )

Charitable activities
Charitable - 288,473 288,473
Total - 288,472 288,472

EXPENDITURE ON

Careers N Kids

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£    £    £   
Charitable activities
Charitable - 313,802 313,802

NET INCOME/(EXPENDITURE) - (25,330 ) (25,330 )


RECONCILIATION OF FUNDS
Total funds brought forward 4,504 (11,003 ) (6,499 )

TOTAL FUNDS CARRIED FORWARD 4,504 (36,333 ) (31,829 )

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 and 31 March 2024 169,663 55,111 6,563 231,337
DEPRECIATION
At 1 April 2023 163,138 54,601 6,350 224,089
Charge for year 652 102 53 807
At 31 March 2024 163,790 54,703 6,403 224,896
NET BOOK VALUE
At 31 March 2024 5,873 408 160 6,441
At 31 March 2023 6,525 510 213 7,248

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 1,946 2,436
Prepayments 444 80
2,390 2,516


Careers N Kids

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts (see note 9) 7,806 1,225
Trade creditors 1,296 1,768
Social security and other taxes 34,850 25,118
Other creditors 21,193 7,823
Other creditors 2 3,733 -
Accruals and deferred income 8,997 5,676
77,875 41,610

9. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£    £   
Amounts falling due within one year on demand:
Bank overdrafts 7,806 1,225

10. MOVEMENT IN FUNDS
Net
movement At
At 1/4/23 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund 4,504 - 4,504

Restricted funds
General fund (36,333 ) (37,197 ) (73,530 )

TOTAL FUNDS (31,829 ) (37,197 ) (69,026 )

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Restricted funds
General fund 301,408 (338,605 ) (37,197 )

TOTAL FUNDS 301,408 (338,605 ) (37,197 )


Careers N Kids

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/4/22 in funds 31/3/23
£    £    £   
Unrestricted funds
General fund 4,504 - 4,504

Restricted funds
General fund (11,003 ) (25,330 ) (36,333 )

TOTAL FUNDS (6,499 ) (25,330 ) (31,829 )

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Restricted funds
General fund 288,472 (313,802 ) (25,330 )

TOTAL FUNDS 288,472 (313,802 ) (25,330 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/4/22 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund 4,504 - 4,504

Restricted funds
General fund (11,003 ) (62,527 ) (73,530 )

TOTAL FUNDS (6,499 ) (62,527 ) (69,026 )

Careers N Kids

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Restricted funds
General fund 589,880 (652,407 ) (62,527 )

TOTAL FUNDS 589,880 (652,407 ) (62,527 )

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

12. GOING CONCERN

The charity has operated in a deficit over the last two years. They have made contact with their creditors and put payment plans in place with a view to reducing overall debt. The trustees have ageed to meet regularly to monitor the ongoing finanancial position of the charity.