| Pages | ||||
|---|---|---|---|---|
| Trustees' Annual |
Report | 2to6 | ||
| Auditor's Report |
7to 9 | |||
| Statement ofFinancial Activities | 10 | |||
| Summary Income |
and Expenditure | Account | ||
| Balance Sheet | 12 | |||
| Statement ofCash | flows | 13 | ||
| Notes to the Accounts | 14to | 21 | ||
| Detailed Statement of Financial Activities | 22to | 23 |
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Notes | f | f | |||
| income and endowments | |||||
| from: | |||||
| Donations and legacies Investments Other |
48,002 136 150,961 |
871,541 | 48,002 136 1,022,502 |
106,554 956,736 |
|
| Total | 199,099 | 871,541 | 1,070,640 | 1,063,290 | |
| Expenditure on: |
|||||
| Raising funds Charitable activities Other Total Net gains on investments |
39,264 21,219 132,375 192,858 |
868,737 868,737 |
39,264 21,219 1,001,112 1,061,595 |
38,485 39,351 943,410 1,021,246 |
|
| Net income Transfers between funds |
6,241 | 2,804 | 9,045 | 42,044 | |
| Net income before other | |||||
| gains/(losses) | 6,241 | 2,804 | 9,045 | 42,044 | |
| Other gains and losses | |||||
| Net movement in funds Reconciliation offunds: |
6,241 | 2,804 | 9,045 | 42,044 | |
| Total funds brought forward | 425,337 | 425,337 | 382,333 | ||
| Total funds carried forward | 431,578 | 2,804 | 434,382 | 424,377 |
| 2023 | 2022 | ||
|---|---|---|---|
| E | |||
| Income | |||
| 1,070,504 | 1,063,289 | ||
| Interest and investment | income | 136 | |
| Gross income for the year Expenditure |
1,070,640 1,034,961 |
1,063,289 990,473 |
|
| Depreciation and charges |
for | ||
| impairment offixed assets |
26,634 | 30,773 | |
| Total expenditure for the year Net income before tax for the year |
1,061,595 9,045 |
1,021,246 42,043 |
|
| Net income for the year | 9,043 | 43,043 |
| 2023 | 2022 | ||
|---|---|---|---|
| 6 | 6 | ||
| Cash flows from operating activities |
|||
| Net income per Statement ofFinancial Acthrities | 9,045 | 42,043 | |
| Adjustments for: |
|||
| Depreciation ofproperty, plant and equipment Dividends, interest and rents from investments Other gains/losses |
26,634 (1,022,638) |
30,773 (947,670) |
|
| Increase in trade and other receivables Increase/(Decrease) in trade and other |
payables | (17,915) 4,726 |
(22,877) (18,054) |
| Net cash used in operating activities |
(1,000,148) | (915,785) | |
| Cash flows from Investing activities |
|||
| Payments for property, plant and equipment Dividends, interest and rents from investments |
(47,926) 1,022,638 |
(45,952) 947,670 |
|
| Net cash from investing activities |
974,712 | 901,718 | |
| Cash flows from financing activities |
|||
| Repayment ofborrowings |
61 | ||
| Net cash from financing activities |
61 | ||
| Net decrease in cash and cash equivalents | (25,375) | (14,067) | |
| Cash and cash equivalents atthe beginning |
ofthe year | 324,068 | 337,174 |
| Cash and cash equivalents at the end ofthe |
year | 298,693 | 323,107 |
| Components ofcash and cash equivalents |
|||
| Cash and bank balances | |||
| 299,653 | 324,068 | ||
| 299,653 | 324,068 |
eporng Standard applicable in the U Republic of Ireland (FRS102)and the Companies Act 2606. |
eporng Standard applicable in the U Republic of Ireland (FRS102)and the Companies Act 2606. |
K and |
|---|---|---|
| Change in basis ofaccounting orto previous accounts |
||
| There has been no change to the accounting policies (valuation rules and method ofaccounting) last year and no changes have been made to accounts for previous years. |
since | |
| Fund accounting | ||
| Unrestricted funds |
These are available for use at the discretion ofthe trustees in furtherance general objects ofthe charity. |
ofthe |
| Designated funds Revaluation funds Restricted funds |
These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement ofinvestment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms ofan appeal. |
|
| Income | ||
| Recognition of income |
Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. |
|
| income with related expenditure |
Where income has related expenditure the income and related expenditure reported gross in the SoFA. |
is |
| Donations and legacies |
Voluntary income received by way ofgrants, donations and gifts is included the SoFA when receivable and only when the Charity has unconditional entitlement tothe income. |
in the |
| Tax reclaims on donations and gifts |
Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates. |
|
| Donated services and facilities |
These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material. |
|
| Volunteer help Investment income Gains/(losses) on revaluation offixed assets |
The value ofany volunteer help received is not included in the accounts. This is included in the accounts when receivable. This includes any gain or loss resulting from revaluing investments to market value at the end ofthe year. |
|
| Gains/(losses) on investment assets |
This includes any gain or loss on the sale ofinvestments. |
| Expenditure | |||
|---|---|---|---|
| Recognition expenditure |
of | Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part ofthe expenditure to which it relates. |
|
| Expenditure raising funds |
on | These comprise the costs associated with trading costs and investment management |
attracting voluntary income, fundraising costs. |
| Expenditure on charitable activities |
These comprise the costs incurred by the services in the furtherance ofits objects, governance costs. |
Charity in the delivery of its activities and including the making ofgrants and |
|
| Grants payable | All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end ofthe year but not yet paid. |
||
| Governance | costs | These include those costs associated with requirements ofthe Charity, including any costs linked to the strategic management other administration costs. |
meeting the constitutional and statutory audit/independent examination fees, ofthe Charity, together with a share of |
| Other expenditure | These are support costs not allocated to a | particular activity. |
|
| Taxation | |||
| The charity is | exempt | from corporation tax on its charitable activities. |
| 3 Stateme |
n | t ofFinancial | Activities -prior year | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | |||||
| 2022 | 2022 | 2022 | |||||
| Income and | endowments | from: | |||||
| Donations Other |
and legacies | 115,619 | 115,619 | ||||
| Total | 947,670 | 947,670 | |||||
| 115,619 | 947,670 | 1,063,289 | |||||
| Expenditure | on: | ||||||
| Raising funds Charitable activities Other |
38,485 16,962 |
22,389 | 38,485 39,351 |
||||
| Total | 26,590 | 916,820 | 943,410 | ||||
| 82,037 | 939,209 | 1,021,246 | |||||
| Net Income | |||||||
| Net income before other | 33,582 | 8,461 | 42,043 | ||||
| gains/(losses) | 33,582 | 8,461 | 42,043 | ||||
| Other gains and losses: | |||||||
| Net movement Reconciliation |
in funds offunds: |
33,582 | 8,461 | 42,043 | |||
| Total funds brought forward Total funds carried forward |
382,333 415,915 |
8,461 | 382,333 424,376 |
||||
| 4 | Income from donations | and legacies | |||||
| Unrestricted | Total | Total | |||||
| 2023 | 2022 | ||||||
| 28,701 | |||||||
| 48,002 | 48,002 | 77,853 | |||||
| 48,002 | 48,002 | 106,554 | |||||
| Income from investments | |||||||
| Unrestricted | Total | Total | |||||
| 2023 | 2022 | ||||||
| 136 | 136 | ||||||
| 136 | 136 |
| 6 Other income |
|||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| 2023 | 2022 | ||||||
| Housing Benefit Other Income Grants Support Income |
68,491 82,470 |
808,822 308 62,411 |
808,822 68,491 308 144,881 |
508,441 12,341 34,650 401,304 |
|||
| 150,961 | 871,541 | 1,022,502 | 956,736 | ||||
| 7 | Expenditure on raising funds |
||||||
| Unrestricted | Total | Total | |||||
| 2023 | 2022 | ||||||
| Costs ofgenerating | voluntary | ||||||
| income | |||||||
| 39,264 | 39,264 | 38,485 | |||||
| 39,264 | 39,264 | 38,485 | |||||
| 8 | Expenditure on charitable |
activities | |||||
| Unrestricted | Total | Total | |||||
| 2023 | 2022 | ||||||
| Expenditure on charitable |
|||||||
| activities | |||||||
| Grants made Governance costs |
21,219 | 21,219 | 16,962 | ||||
| 22,389 | |||||||
| 21,219 | 21,219 | 39,351 | |||||
| 9 | Other expenditure | ||||||
| Unrestricted | Rest'ricted | Total | Total | ||||
| 2023 | 2022 | ||||||
| Employee costs Motor and travel costs Premises costs- Amortisation, depreciation, |
104,156 11,060 |
131,243 32,692 626,198 |
235,399 32,692 637,258 |
181,756 17,878 657,761 |
|||
| impairment, profit/loss on disposal offixed assets |
26,634 | 26,634 | 30,773 | ||||
| General administrative Legal and professional |
costs costs |
13,439 3,720 |
51,580 390 |
65,019 4,110 |
52,076 3,166 |
||
| 132,375 | 868,737 | 1,001,112 | 943,410 |
| 10 Net income before transfers | 10 Net income before transfers | |||||
|---|---|---|---|---|---|---|
| This is stated after charging: Depreciation ofowned fixed assets 11 Staff costs |
2023 6 26,634 |
2022 f 30,773 |
||||
| Salaries and wages Social security costs Pension costs |
2023 215,495 13,764 4,463 |
2022 164,775 10,149 3,297 |
||||
| 233,722 | 173,221 | |||||
| No employee | received emoluments | in excess of660,000. | ||||
| 12 Tangible fixed assets | ||||||
| Motor | Furniture, | |||||
| Vehicles | Fixtures | 85 | Total | |||
| Fittings | ||||||
| f | ||||||
| Cost or revaluation | ||||||
| At 1February Additions |
2022 | 11,500 | 105,820 | 117,320 | ||
| At 31January Depreciation |
2023 and |
11,000 22,500 |
36,926 142,746 |
47,926 165,246 |
||
| impairment | ||||||
| At 1February Depreciation |
2022 charge for the |
2,875 | 54,409 | 57,284 | ||
| year | 4,906 | 21,728 | 26,634 | |||
| At 31January 2023 Net book values |
7,781 | 76,137 | 83,918 | |||
| At 31January At 31January 13 Debtors |
2023 2022 |
14,719 8,625 |
66,609 51,411 |
81,328 60,036 |
||
| 2023 | 2022 | |||||
| Trade debtors | 6 | 6 | ||||
| Other debtors | 48,275 | 45,867 | ||||
| 15,687 | 180 | |||||
| 14 Creditors: | 63,362 | 46,047 | ||||
| amounts falling |
due within one year | |||||
| 2023 | 2022 | |||||
| Otherloans | ||||||
| Other taxes and social security Accruais |
61 8,340 |
3,614 | ||||
| 2,160 | 2,160 | |||||
| 10,561 | 5,774 |
| Incoming | |||||
|---|---|---|---|---|---|
| resources | |||||
| (including | Resources | At 31 | |||
| At 1 February |
other gains/losses |
expended | January 2023 |
||
| 2022 | ) | ||||
| 6 | |||||
| Restricted | funds: | ||||
| Restricted | income funds: | ||||
| Housing Benefit Support Income Grants |
808,822 62,411 308 |
(868,737) | (59,915) 62,411 308 |
||
| Total | 871,541 | (868,737) | 2,804 | ||
| Unrestricted | funds: | ||||
| General funds | 425,337 | (30,185) | (192,858) | 202,294 | |
| Designated | funds: | ||||
| Rent | |||||
| Other Income Bank Interest Donations |
82,470 68,491 136 78,187 |
82,470 68,491 136 78,187 |
|||
| Total | |||||
| 229,284 | 229,284 | ||||
| Total funds | 425,337 | 1,070,640 | (1,061,595) | 434,382 |
| 16 Analysis ofn | et assets between funds |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| funds | funds | Total | ||
| Fixed assets | f | f | ||
| Net current assets | 289,153 | 81,328 63,901 |
81,328 353,054 |
|
| 289,153 | 145,229 | 434,382 | ||
| 17 Reconciliation | ofnet debt | |||
| At 1 | At 31 | |||
| February | January | |||
| 2022 | Cash flows | 2023 | ||
| Cash and cash | equivalents | 6 324,068 |
E (24,415) |
299,653 |
| 324,068 | (24,415) | 299,653 | ||
| Borrowings | ||||
| (61) | (61) | |||
| (61) | (61) | |||
| Net debt | ||||
| 324,668 | (24,476) | 299,592 | ||
| 18 Commitments | ||||
| Pension commitments | ||||
| 2023 | 2022 | |||
| The pension cost charge to the company | f. | |||
| amounted to: |
||||
| 19 Related party disdosures | 4,463 | 3,237 | ||
| ControNnI port | Y |
| Unrestricte | Restricted | ||||||
|---|---|---|---|---|---|---|---|
| d funds | funds | Total funds | Total funds | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| f | f | f | |||||
| Income and endowments | from: | ||||||
| Donations and legacies |
|||||||
| 28,701 | |||||||
| 48,002 | 48,002 | 77,853 | |||||
| investments | 48,002 | 48,002 | 106,554 | ||||
| 136 | 136 | ||||||
| 136 | 136 | ||||||
| Other | |||||||
| Housing Benefit Other income Grants |
68,491 | 808,822 | 808,822 68,491 |
508,441 12,341 |
|||
| Support Income | 82,470 | 308 62,411 |
308 144,881 |
34,650 401,304 |
|||
| Total income and endowments Expenditure on: |
' | 150,961 199,099 |
871,541 871,541 |
1,022,502 1,070,640 |
956,736 1,063,290 |
||
| Costs ofgenerating | donations | and | |||||
| legacies | |||||||
| 39,264 | 39,264 | 38,485 | |||||
| Total ofexpenditure | on raising | 39,264 | 39,264 | 38,485 | |||
| funds | 39,264 | 39,264 | 38,485 | ||||
| Charitable activities |
|||||||
| Grants made | 21,219 | 21,219 | 16,962 | ||||
| Governance costs |
21,219 | 21,219 | 16,962 | ||||
| 22,389 | |||||||
| Total ofexpenditure | on charitable | 22,389 | |||||
| activities | 21,219 | 21,219 | 39,351 | ||||
| Employee costs | |||||||
| Salaries/wages Employer's NIC Pension costs Staff training Staff welfare |
94,425 7,524 2,206 0 |
121,070 6,240 2,257 797 |
215,495 13,764 4,463 797 |
164,775 10,149 3,297 2,499 |
|||
| 0 | 880 | 880 | 1,036 | ||||
| Motor and travel costs | 104,156 | 131,243 | 235,399 | 181,756 | |||
| Travel and subsistence | 0 | 32,692 | 32,692 | 17,878 |
| Premises costs | 0 | 32,692 | 32,692 | 17,878 | |
|---|---|---|---|---|---|
| Rent | |||||
| Rates | 560,082 | 560,082 | 573,055 | ||
| Light, heat and power Premises cleaning Premises repairs and |
3,004 | 4,575 3,365 |
4,575 3,004 3,365 |
17,235 1,574 2,125 |
|
| maintenance | 8,056 | 19,929 | 27,985 | 45,269 | |
| Other premises costs | 38,247 | 38,247 | 18,503 | ||
| General administrative | costs, | 11,060 | 626,198 | 637,258 | 657,761 |
| including depreciation |
and | ||||
| amortisation | |||||
| Depreciation ofMotor | Vehicles | ||||
| Depreciation ofFurniture, |
|||||
| Fixtures &Fittings | 26,634 | 26,634 | 30,773 | ||
| Bank charges Equipment leasing and |
hire | 288 | 288 | 568 | |
| charges | 5,773 | 5,773 | 4,774 | ||
| General insurances Postage and couriers Software, ITsupport and related |
0 77 |
30,939 | 30,939 77 |
27,180 | |
| costs | 19,715 | 19,715 | 15,680 | ||
| Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs |
2,030 0 5,272 13,439 |
925 78,214 |
2,030 925 5,272 91,653 |
1,479 288 2,107 82,849 |
|
| Accountancy and bookkeeping Other legal and professional |
3,720 | 3,720 | 3,000 | ||
| costs | 390 | 390 | 166 | ||
| Total ofexpenditure ofother costs Total expenditure Net gains on investments |
3,720 132,375 192,858 |
390 868,737 868,737 |
4,110 1,001,112 1,061,595 |
3,166 943,410 1,021,246 |
|
| Net income | 6,241 | 2,804 | 9,045 | 42,044 | |
| Net income before other | |||||
| gains/(losses) | 6,241 | 2,804 | 9,045 | 42,044 | |
| Other Gains | |||||
| Net movement in funds |
6,241 | 2,804 | 9,045 | 42,044 | |
| Reconciliation offunds: |
|||||
| Total funds brought forward | 425,337 | 425 337 | 382333 |