CORNABRACKEN - AFTERSCHOOL C.I.C.

Company limited by guarantee

Company Registration Number:
NI630238 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 August 2025

Period of accounts

Start date: 1 September 2024

End date: 31 August 2025

CORNABRACKEN - AFTERSCHOOL C.I.C.

Contents of the Financial Statements

for the Period Ended 31 August 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CORNABRACKEN - AFTERSCHOOL C.I.C.

Directors' report period ended 31 August 2025

The directors present their report with the financial statements of the company for the period ended 31 August 2025

Principal activities of the company

The company's principal activity during the year continued to be to benefit children of school age by providing after school childcare, catering for their individual needs and promoting their development.



Directors

The directors shown below have held office during the whole of the period from
1 September 2024 to 31 August 2025

Melanie O'Kane
Oliver O'Kane
Jacqueline McNabb
Maeve Turbitt


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 May 2026

And signed on behalf of the board by:
Name: Melanie O'Kane
Status: Director

CORNABRACKEN - AFTERSCHOOL C.I.C.

Profit And Loss Account

for the Period Ended 31 August 2025

2025 2024


£

£
Turnover: 103,949 116,144
Cost of sales: ( 3,325 ) ( 3,645 )
Gross profit(or loss): 100,624 112,499
Administrative expenses: ( 100,294 ) ( 112,914 )
Operating profit(or loss): 330 (415)
Interest payable and similar charges: ( 29 )
Profit(or loss) before tax: 330 (444)
Tax: ( 54 ) 76
Profit(or loss) for the financial year: 276 (368)

CORNABRACKEN - AFTERSCHOOL C.I.C.

Balance sheet

As at 31 August 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 0 400
Total fixed assets: 0 400
Current assets
Debtors: 4 45,733 45,965
Cash at bank and in hand: 21,102 36,532
Total current assets: 66,835 82,497
Creditors: amounts falling due within one year: 5 ( 7,772 ) ( 24,034 )
Net current assets (liabilities): 59,063 58,463
Total assets less current liabilities: 59,063 58,863
Provision for liabilities: ( 76 )
Total net assets (liabilities): 59,063 58,787
Members' funds
Profit and loss account: 59,063 58,787
Total members' funds: 59,063 58,787

The notes form part of these financial statements

CORNABRACKEN - AFTERSCHOOL C.I.C.

Balance sheet statements

For the year ending 31 August 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 May 2026
and signed on behalf of the board by:

Name: Melanie O'Kane
Status: Director

The notes form part of these financial statements

CORNABRACKEN - AFTERSCHOOL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures, fittings and equipment : over 5 years

CORNABRACKEN - AFTERSCHOOL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 3 3

CORNABRACKEN - AFTERSCHOOL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2024 2,988 2,988
Additions
Disposals
Revaluations
Transfers
At 31 August 2025 2,988 2,988
Depreciation
At 1 September 2024 2,588 2,588
Charge for year 400 400
On disposals
Other adjustments
At 31 August 2025 2,988 2,988
Net book value
At 31 August 2025 0 0
At 31 August 2024 400 400

CORNABRACKEN - AFTERSCHOOL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2025

4. Debtors

2025 2024
£ £
Trade debtors 9,269 13,474
Other debtors 36,464 32,491
Total 45,733 45,965

CORNABRACKEN - AFTERSCHOOL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 2,664 2,104
Other creditors 5,108 21,930
Total 7,772 24,034

COMMUNITY INTEREST ANNUAL REPORT

CORNABRACKEN - AFTERSCHOOL C.I.C.

Company Number: NI630238 (Northern Ireland)

Year Ending: 31 August 2025

Company activities and impact

Cornabracken After School CIC operates a year-round (51 week) after-school childcare provision, offering high-quality, affordable, and integrated childcare services to our families. As a result, our local community has greatly benefitted in numerous ways: 1.Local families have access to affordable and safe childcare facilities without the need for long commutes. 2. Children are cared for in a safe and nurturing environment by local staff. 3. The proximity of our facility to the school offers added convenience for families. 4. We have created employment opportunities within our community, providing two full-time and three part-time positions. 5. We support local businesses, such as shops and local service providers. 6. We are dedicated to enhancing community integration and building relationships from an early age. 7. We provide childcare services to disadvantaged families, children with special educational needs, children on the Child Protection Register, and those supported by family intervention. 8. We ensure inclusivity by providing access to our services regardless of religion, disability, linguistic needs, sexual orientation, gender or age. 9. We strive to ensure all sections of our community can access our project through open, fair, and clearly communicated procedures. Our organisation has a clear social and environmental mission as outlined in our governing documents. We generate the majority of our income through trade and reinvest the majority of our profits. We operate independently of the state and are primarily controlled in the interest of our social mission. Our systems are accountable and transparent. Cornabracken After School CIC provides high-quality childcare, education, and learning services in socially disadvantaged areas, addressing both educational and social disadvantages. Our services support the nutritional, physical, social, emotional, language, and cognitive development of children. Despite the challenges, we have continued to provide invaluable support. Our childcare service is located in the Strule Ward of Omagh, an area identified by NISRA in 2017 as being in the top 25% of the most disadvantaged Super Output Areas, ranked 168th in terms of multiple deprivation. Our stakeholders are committed to supporting the local com-munity. In addition, we have a clearly defined social and environmental mission outlined in our governing documents. We generate the majority of our income through trade and reinvest most of our profits back into the organization. We operate independently of the state and are primarily controlled in alignment with our social mission. Our systems are designed to be both accountable and transparent. Our families have greatly benefited from the services we provide. We take pride in the sup-port we offer and are confident that our stakeholders value our contributions.

Consultation with stakeholders

Our stakeholders, residing in the local and surrounding communities, utilise our facility on both a full-time and part-time basis, enabling them to work or study. We consistently engage with our stakeholders regarding the services we offer and actively involve them in future planning for the company. The directors of the company also reside in the area and have developed a robust and effective business model through reflective practice, market research and strong relationships with our stakeholders. The company remains committed to supporting families by providing accessible, affordable and flexible childcare services. We ensure our facility is staffed with well-trained personnel and equipped with appropriate resources to meet children's needs and requirements. Our company is fully inclusive, serving all community members. Through extensive stakeholder consultation and research, we have identified that our facility meets the critical needs of families in the area: We operate in a significantly disadvantaged area. The Strule Social Output Area, where we are located, is ranked 168th in Northern Ireland's Multiple Deprivation Measures for 2017 (NISRA) and is in the top 25% of the most disadvantaged SOAs within the Fermanagh and Omagh Local Government District. Regarding educational deprivation, the NISRA findings for 2017 reveal that the Strule ward is within the top 25% of the most disadvantaged SOAs in the Fermanagh and Omagh Local Government District. Identified risks for children in our service areas include: 1. Low-income families and poverty (20.90% of children in Omagh are in low-income families - NISRA) 2. Developmental delays (e.g., significant increases in speech and language delays - LAST Sure Start) 3. Mental health issues (2013/14 Northern Ireland Health Survey reports a mean War-wick-Edinburgh Mental Wellbeing score of 50.0 in the Western Health and Social Care Trust, with crude suicide rates for Fermanagh & Omagh at 13.84% per 100,000 in 2010-12) 4. Health issues/poor nutrition (NISRA reports 2,315 in bad health and 597 in very bad health in Omagh) 5. Lone parent families (14.76% of households in Strule 1 were lone parent households with dependent children - March 2011) 6. Alcohol/drug abuse (2010/11-2012/13 standardised rate for alcohol-related admissions in Mid Ulster LGD2014 was 492.6 per 100,000 population compared to Northern Ireland's 682.7 per 100,000 population) 7. Looked-after children/children on the Child Protection Register (Over 23,000 children received support from children's services in Northern Ireland last year, including over 2,800 children)

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 May 2026

And signed on behalf of the board by:
Name: Melanie O'Kane
Status: Director