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||||Pages|
|---|---|---|---|
|Trustees' Annual Report|||2to3|
|Independent<br>Examiner's|Report|||
|Statement of Financial Activities||||
|Summary<br>Income and Expenditure||Account||
|Balance Sheet||||
|Notes tothe Accounts|||8to 11|





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||||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<br>funds|||||
|Net income|before other||||
|gains/(losses)|||1,669|1,669|
|Other gains|and losses||||
|Net movement<br>in funds|||1,669|1,669|
|Reconciliation offunds:|||||
|Total funds carried forward|||1,669|1,669|





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||2023|
|---|---|
||E|
|Income|9,427|
|Gross income forthe period|9,427|
|Expenditure|7,758|
|Total expenditure<br>forthe period|7,758|
|Net income before tax for the period|1,669|
|Net income forthe period|1,669|









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|Republic o|f Ireland (FRS102)and the Companies<br>Act 2006.|f Ireland (FRS102)and the Companies<br>Act 2006.|f Ireland (FRS102)and the Companies<br>Act 2006.|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Change in|basis ofaccounting ortoprevious accounts|||||||||||
|There has been no change to the accounting<br>policies (valuation<br>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<br>funds earmarked<br>by the trustees|for particular|||purposes.|||||
|Revaluation||funds|These are unrestricted<br>funds which include a revaluation||reserve representing||||||the|
||||restatement<br>ofinvestment<br>assets attheir market values.|||||||||
|Restricted|funds||These are available for use subject to restrictions<br>imposed|||by the donor||or|through|||
||||terms ofan appeal.|||||||||
|Income||||||||||||
|Recognition||of|income is included<br>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<br>with sufficient reliability.|||||||||
|Income with||related|Where income has related expenditure<br>the income and|related expenditure||||||is||
|expenditure|||reported gross in the SoFA.|||||||||
|Donations|and||Voluntary<br>income received by way ofgrants, donations|and gifts is included|||||in||the|
|legacies|||the SoFAwhen receivable and<br>only when the Charity has||unconditional|||||||
||||entitlement<br>tothe income.|||||||||
|Tax reclaims||on|Income from tax reclaims is included<br>in the SoFAatthe|same time asthe||||||||
|donations|and gifts||gift/donation<br>to which it relates.|||||||||
|Donated services|||These are only included<br>in income (with an equivalent<br>amount<br>in expenditure)|||||||||
|and facilities|||where the benefit to the Charity is reasonably<br>quantifiable,|||measurable||and||||
||||material.|||||||||
|Volunteer|help||The value ofany volunteer<br>help received is not included|in||the accounts.||||||
|Investment||income|This is included<br>in the accounts when receivable.|||||||||
|Gains/(losses)<br>on|||This includes any gain or loss resulting<br>from revaluing<br>investments<br>to market|||||||value||
|revaluation||offixed|atthe end ofthe year.|||||||||
|assets||||||||||||
|Gains/(losses)<br>on|||This includes any gain or loss on the sale ofinvestments.|||||||||
|investment||assets||||||||||





|PENIEL ASSEMBLY|PENIEL ASSEMBLY|||
|---|---|---|---|
|Notes tothe Accounts||||
|Expenditure||||
|Recognition|of|Expenditure<br>isrecognised<br>on an accruals basis. Expenditure<br>includes any VAT which||
|expenditure||cannot be fully recovered, and is reported as part ofthe expenditure<br>to which it||
|||relates.||
|Expenditure|on|These comprise the costs associated with attracting<br>voluntary|income, fundraising|
|raising funds||trading costs and investment<br>management<br>costs.||
|Expenditure|on|These comprise the costs incurred<br>by the Charity<br>in the delivery ofits activities and||
|charitable activities||services in the furtherance<br>ofits objects, including the making|ofgrants and|
|||governance<br>costs.||
|Grants payable||AII grant expenditure<br>is accounted for on an actual paid basis|plus an accrual for|
|||grants that have been approved<br>by the trustees atthe end of|the year but not yet|
|||paid.||
|Governance|costs|These include those costs associated<br>with meeting the constitutional<br>and statutory||
|||requirements<br>ofthe Charity, including<br>any audit/'independent|examination<br>fees,|
|||costs linked tothe strategic management<br>ofthe Charity, together with a share of||
|||other administration<br>costs.||
|Other expenditure||These are support costs not allocated to a particular<br>activity.||



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|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|





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|No<br>8|tes tothe Accounts<br>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|





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|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<br>on:||||||
|Charitable<br>activities||||||
|||||1,339|1,339|
|||||1,339|1,339|
|Total ofexpenditure<br>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<br>depreciation|||and|||
|amortisation||||||
|Bank charges||||4|4|
|Information<br>and publications||||311|311|
|Software,<br>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 <br>gains/(losses)|other|||1,669|1,669|





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