| Pages | |||
|---|---|---|---|
| Trustees' Annual Report | 2to3 | ||
| Independent Examiner's |
Report | ||
| Statement of Financial Activities | |||
| Summary Income and Expenditure |
Account | ||
| Balance Sheet | |||
| Notes tothe Accounts | 8to 11 |
| Unrestricted | ||||
|---|---|---|---|---|
| funds | Total funds | |||
| 2023 | 2023 | |||
| Notes | f | f | ||
| Income and | endowments | |||
| from: | ||||
| Donations | and legacies | 9,427 | 9,427 | |
| Total | 9,427 | 9,427 | ||
| Expenditure | on: | |||
| Charitable | activities | 1,339 | 1,339 | |
| Other | 6,419 | 6,419 | ||
| Total | 7,758 | 7,758 | ||
| Net gains on | investments | |||
| Net income | 1,669 | 1,669 | ||
| Transfers between funds |
||||
| Net income | before other | |||
| gains/(losses) | 1,669 | 1,669 | ||
| Other gains | and losses | |||
| Net movement in funds |
1,669 | 1,669 | ||
| Reconciliation offunds: | ||||
| Total funds carried forward | 1,669 | 1,669 |
| 2023 | |
|---|---|
| E | |
| Income | 9,427 |
| Gross income forthe period | 9,427 |
| Expenditure | 7,758 |
| Total expenditure forthe period |
7,758 |
| Net income before tax for the period | 1,669 |
| Net income forthe period | 1,669 |
| Republic o | f Ireland (FRS102)and the Companies Act 2006. |
f Ireland (FRS102)and the Companies Act 2006. |
f Ireland (FRS102)and the Companies Act 2006. |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Change in | basis ofaccounting ortoprevious accounts | ||||||||||
| There has been no change to the accounting policies (valuation rules and method |
ofaccounting) | since | |||||||||
| last year and | no changes have been made to accounts for previous years. | ||||||||||
| Fund accounting | |||||||||||
| Unrestricted | funds | These are available for use atthe discretion ofthe trustees | in furtherance | of | the | ||||||
| general objects ofthe charity. | |||||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular | purposes. | |||||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | |||||||
| restatement ofinvestment assets attheir market values. |
|||||||||||
| Restricted | funds | These are available for use subject to restrictions imposed |
by the donor | or | through | ||||||
| terms ofan appeal. | |||||||||||
| Income | |||||||||||
| Recognition | of | income is included in the Statement ofFinancial Activities |
(SoFA) when | the | charity | ||||||
| income | 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 | Where income has related expenditure the income and |
related expenditure | is | |||||||
| expenditure | reported gross in the SoFA. | ||||||||||
| Donations | and | Voluntary income received by way ofgrants, donations |
and gifts is included | in | the | ||||||
| legacies | the SoFAwhen receivable and only when the Charity has |
unconditional | |||||||||
| entitlement tothe income. |
|||||||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFAatthe |
same time asthe | ||||||||
| donations | and gifts | gift/donation to which it relates. |
|||||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
||||||||||
| and facilities | where the benefit to the Charity is reasonably quantifiable, |
measurable | and | ||||||||
| material. | |||||||||||
| Volunteer | help | The value ofany volunteer help received is not included |
in | the accounts. | |||||||
| Investment | income | This is included in the accounts when receivable. |
|||||||||
| Gains/(losses) on |
This includes any gain or loss resulting from revaluing investments to market |
value | |||||||||
| revaluation | offixed | atthe end ofthe year. | |||||||||
| assets | |||||||||||
| Gains/(losses) on |
This includes any gain or loss on the sale ofinvestments. | ||||||||||
| investment | assets |
| PENIEL ASSEMBLY | PENIEL ASSEMBLY | ||
|---|---|---|---|
| Notes tothe Accounts | |||
| Expenditure | |||
| Recognition | of | Expenditure isrecognised on an accruals basis. Expenditure includes any VAT which |
|
| expenditure | cannot be fully recovered, and is reported as part ofthe expenditure to which it |
||
| relates. | |||
| Expenditure | on | These comprise the costs associated with attracting voluntary |
income, fundraising |
| raising funds | trading costs and investment management costs. |
||
| Expenditure | on | These comprise the costs incurred by the Charity in the delivery ofits activities and |
|
| charitable activities | services in the furtherance ofits objects, including the making |
ofgrants and | |
| governance costs. |
|||
| Grants payable | AII grant expenditure is accounted for on an actual paid basis |
plus an accrual for | |
| grants that have been approved by the trustees atthe end of |
the year but not yet | ||
| paid. | |||
| Governance | costs | These include those costs associated with meeting the constitutional and statutory |
|
| requirements ofthe Charity, including any audit/'independent |
examination fees, |
||
| costs linked tothe strategic management ofthe Charity, together with a share of |
|||
| other administration costs. |
|||
| Other expenditure | These are support costs not allocated to a particular activity. |
| 3 | Expenditure | on charita | ble activities | ||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| 2023 | |||||
| Expenditure | on charitable | ||||
| activities | |||||
| 1,339 | 1,339 | ||||
| Governance | costs | ||||
| 1,339 | 1,339 | ||||
| 4 | Other expenditure | ||||
| Unrestricted | Total | ||||
| 2023 | |||||
| Motor and | travel costs | 400 | |||
| Premises costs | 2,515 | 2,515 | |||
| General administrative | costs | 2,748 | 2,748 | ||
| Legal and professional | costs | 756 | 756 | ||
| 6,419 | 6,419 |
| 2023 | |||||
|---|---|---|---|---|---|
| f | |||||
| Accruals | 756 | ||||
| 756 | |||||
| 7 | Movement | in funds | |||
| Incoming | |||||
| resources | |||||
| (including | Resources | At31May | |||
| other | expended | 2023 | |||
| gains/losses | |||||
| )f | |||||
| Restricted funds: | |||||
| Unrestricted | funds: | ||||
| General funds | 9,427 | (7,758) | 1,669 | ||
| Total funds | 9,427 | (7,758) | 1,669 |
| No 8 |
tes tothe Accounts Analysis ofnet assets between funds |
||
|---|---|---|---|
| Unrestricted | |||
| Total | |||
| funds | |||
| f | f | ||
| Net current assets | 1,669 | 1,669 | |
| 1,669 | 1,669 | ||
| 9 | Reconciliation ofnet debt | ||
| At31May | |||
| Cash flows | 2023 | ||
| E | E | ||
| Cash and cash equivalents | 2,425 | 2,425 | |
| 2,425 | 2,425 | ||
| Net debt | 2,425 |
| forthe period ende | d | 31 | May 2023 | ||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | Total funds | ||||
| 2023 | 2023 | ||||
| E | |||||
| Income and endowments | from: | ||||
| Donations and legacies | |||||
| 9,427 | 9,427 | ||||
| 9,427 | 9,427 | ||||
| Total income and endowments | 9,427 | 9,427 | |||
| Expenditure on: |
|||||
| Charitable activities |
|||||
| 1,339 | 1,339 | ||||
| 1,339 | 1,339 | ||||
| Total ofexpenditure activities |
on | charitable | 1,339 | 1,339 | |
| Motor and travel costs | |||||
| Travel and subsistence | 400 | ||||
| 400 | |||||
| Premises costs | |||||
| Rent | 2,307 | 2,307 | |||
| Premises repairs | and | 208 | 208 | ||
| maintenance | |||||
| 2,515 | 2,515 | ||||
| General administrative | costs, | ||||
| including depreciation |
and | ||||
| amortisation | |||||
| Bank charges | 4 | 4 | |||
| Information and publications |
311 | 311 | |||
| Software, ITsupport |
and related | 355 | 355 | ||
| costs | |||||
| Sundry expenses | 2,078 | 2,078 | |||
| 2,748 | 2,748 | ||||
| Legal and professional | costs | ||||
| Audit/Independent | examination | 756 | 756 | ||
| fees | |||||
| 756 | 756 | ||||
| Total ofexpenditure | of | other costs | 6,419 | 6,419 | |
| Total expenditure | 7,758 | 7,758 | |||
| Net gains on investments | |||||
| Net income | 1,669 | 1,669 | |||
| Net income before gains/(losses) |
other | 1,669 | 1,669 |