2021-03-31-accounts - Sgyh

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				Page
1.	Report ofthe management Committee
	Reference	and administrative	information
	Objectives	and aims
	Achievements and performance
	Financial	review
	Structure,	governance and management
2.	Independent	examiner's report
3.	Statement	offinancial activities		10
4.	Balance sheet
5.	Notes forming part ofthe financial statements			12

for the year ended 31st.M	ar	ch 2D21
			Unrestricted
			Funds	Total
			2021	2020
Income
Donations			1,385	748
Donated scrviccs and facilitics			4,200	4,2DO
invcstmcat income			262	534
Sundry income			3,142	85
PFP managcmcnt fccs			15,593	27,405
Income from charitable	activities
Rents			112,802	198,357
Grants and contracts			92755	94264
Total Income			230 139	325593
Expenditure
Charhabtc activities			252 102	316273
Total Expenditure			25II 102	~3762 3
Net income/fcxpcndiiurcI			(27,962)	9,320
Gain on revaluation oflixed	asset
Gain on disposal offixed asset				10,920
Net Income/(expenditure]		after gain	(27,962)	20,240
Total funds at 1st.April 2020			337576	317336
Total funds at 31st.March		2021

			2021		2020
		Notes		E
Tangible assets		(2)			5,222
Current assets
Debtors and prepayments		(3)	13,314		21,607
Cash at bank and in hand			314,313		326,627
			327,627		348,234
Current liabilities
Creditors: amounts	falling
due within 12months		(4)	(18,013)		(15,880)
Net Current assets/	[liabilities]		309,614		332,354
Net assets			399,674		337,576
Unrestricted Funds
Designated Fund		(8)	251,233		250,510
General Funds			58,381		87,066
Total funds			399.674		337,576

(1)Principal hccountiag PoHcics
The principal accounting policies adopted in the preparation ofthe financial statements			are			set out
below and have remained unchanged from Ihe previous year.
(a) Sasls ofpreparation
ltte charity constitutes a public bensiit entity as defined by FRS 102.Ths fmsncial
statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement ofRecammsndsd Pracgce appiicabfe to charitfes preparing their accounts		in		a	ccordancs
with the Financial Reporting Standard applicable in the UK and Repubiic ofIreland	(FRS			2)2nd edition 10
the Charities Acl2011and the Companies Acl 2006.
'fhe linancial statements have been prepared under the historical cost convention.
(b) Fund accovntlng
[i] Unrestricied funds sre available for use at Ihe discretion afthe trustees in furtherance				of
Ihe general objectives ofthe charity.
Pii]Designated funds are unrestricted funds earmarked by the Management Commitlee		for
particular purposes.
[iii]Restricted funds are subjected to restrictions on their expenditure imposed by the		donor
or through the terms afan appeal.
(c) Income
Income is included in Ihe statement of Unsocial activities when the charity
isenlitled tothe income and the amount can be quantified with reasonable accuracy.		The
following speciTic polfdes are applied to particular categories ofincome,
9] income received by way ofgranls, donations and gills and is Included in full
in Ihe Statement of Financiai Activities when receivable, Grants, where enliUernent	is	not
conditional on the delivery ofa specific performance by the charity, are recognised	when
the charity becomes unconditlonsliy entitled lo the grani.
[ii] Donated services and facilities are included at the value ta the charity where thfs	can		be
quantified.
[iii]The value ofservices provided by volunteers hss nol been included in these accounts.
[iv] Investmenl income is included when receivable.
[v]income fram charilable trading activity are accounted for when earned.
[vi]income from grants, where related to performance snd specific deliverables,
are accounted for as the charity earns Iho right to consideration by ils perfonnance.
(d) Expenditure
Expenditure is recognised on an accrual basis as a liability is Incurred. Expenditure	Includes
any VAT which cannel be fully recovered
[i]Cools ofgenerating funds comprise the costs associated with attracting voivnlsry
income and Ihe costs of trading for fundraising purposes.
gf] charitable expenditure comprises those costs incurred by the charily in the delivery		af
its activiUes and services for ils beneficiaries, Itincludes boih casts that can be allocaied
direcgy lo such acgviTies and lhasa costs of an indirect nature necessary to support	Ihem
[iii]AII coals are sflocated between the expendilure categories of the SoFA on a basis
designed to reflect the use af the resource. Costs relating to a particular activity are
sgacslsd directly, others are apportioned on an appropriat basis.

(2) Fixed Assets
Tangible			Furniture	g
			Equipment
			E
Cost
Balance brought	forward		27,622
Increase in asset	valuation
			27,622
Depreciation
Balance brought	forward		22,400
charge for the year			5,222
			27,622
Net book value at 31st.		March 2021
Net book value at 31st.		March 2020	5,222
(3) Debtors
					2021		2020
						E
Prepayments					1,660		1,753
Sundry debtors					11,654		19,854
					13.314		21,5D7
(4) Creditors: amounts		falling due within 12 months
Accounts payable					8,560		3,693
Sundry creditors	and accruals				9,433		12,187
					18.D13		15,888

(5) Expenditure
			2021			2020
Landlord fees			59,988			97,654
Recruitment			184			150
Cleaning			4,138			2,693
Renewals and maintenance			11,889			10,614
Office rent			4,200			4,200
Internal decoration			2,663
Salaries			114,203			126,843
Light and heat			10,651			12,208
Rates and water			4,305			(1,499)
Office phone			10,914			14,924
Non capitalised equipment			1,608
Gardening			1,560			827
Servicing equipment			240			2,798
Residents welfare			76			4,291
Subscriptions and publications			511			907
Travel andmotorvehicle			4,940			5,332
TV licence and contracts			630			1,015
Insurance			5,202			4,244
Sundry			1,902			4,878
Print, post and stationery			3,531			3,548
Trustees expenses			85			837
Training			448			1,379
Independent examiner's	fees		875			675
Computer and IT			3,528			4,802
Consultancy, legal and professional			4,467			8,243
Mortgage interest						271
Bank charges			72			231
Refreshments			66			337
Oepreciation			5,222			3,871
			258,1D2			316,273
(6) Analysis ofnet assets	between funds
		General	Oesignated	Revaluation
		Funds	Funds	Reserve	Total
		E	E	E	E
Tangible fixed assets
Current assets		76,394	251,233			327,627
Current liabilities		(18,013)				(18,013)
Net assets at 31stMarch	2021	58,381	251,233			309,614
			14

				2021	2020
Average number of	staff employed	in the	year [includes part time]
No employee received emoluments		ofmore than E60,000.
The average weekly	number ofemployees		during the year were calculated on
the average monthly	head count.
					f
Salaries and wages				110,279	114,976
Pensions				1,483	2,353
Socialsecurity costs				2,441	9,513
				114.203	126,842

	Opening				Carried
	Balance	Income	Expenditure	Transfers	Forward
Designated Fund	E	f	f	f	f
Property Reserve	250,000				250,000
Residents Fund	510			723	1,233
	250,510			723	251,233
General funds	87.066	230,139	[258,102)	(723)	58,381
Movements in funds-previous	year
	Opening				Carried
	Balance	Income	Expenditure	Transfers	Forward
Designated Fund	E	f	f	f	f
Property Reserve	155,750			94,250	250,000
Residents Fund	2,034	748	(3,6SO)	1,378	510
	157,784	748	(3,650)	95,628	250,510
Revaluation Reserve	86,969			(86,969)
General funds	72,583	333.936	(310.795)	[8,659)	87,065