COMPANY REGISTRATION NUMBER: N1620042 CHARITY REGISTRATION NUMBER: NIC100289 Davina's Ark (Aftercare Addiction Centre) Cornpany Limited by Guarantee Unaudited Financial Statements 31 March 2023 PHELAN & PREscorr Chartered accountants River House Home Avenue Newry Co Down BT34 2DL Davina's Ark (Aftercare Addiction Centre) Company Limited by Guarantee Statement of Financial Activities {including income and expenditure account) 31 March 2023 2023 Restricted funds Total funds Unrestricted funds Not8 Incoming Resources Voluntary and Charitable Income Total income 37.196 153,032 190,228 190,228 37,196 153,032 Expenditure Expenditure on ralslng funds: Resources Expanded Total expandlture (40,641) (108.871) (149,512) {40,641) {108.871) (149,512) Net Income and net mov•m•nt In fund8 13,445) 44.161 40,716) Re￿nCIliation of fund8 Total funds brought forward Total funds carrled lo￿ard 9,588 6.143 20,612 30,200 64,773 70,916 The statement of financial activities includes all gains 2nd losses recognised in the year. All income and 8xpenditure derive from continuing activities. The notes on pages 11 to 16 forni part of these flnancial Statements. Davina's Ark (Aftercare Addiction Centre) Company Limited by Guarantee Statement of Flnancial Position 31 March 2023 2023 Flxed assets Tangible fixed assets 10 6,143 Curront ass8t8 Cash at bank and in hand 68.453 74,595 Credltor8: amounts falling due within ono yoar Net eurr¢nt ass•ts 11 3,679 70,916 Total assots1088 currènt liabilities 70,916 Net assets 70,916 Funds of thé charlty Restricted funds Unrestricted funds 6,143 64,773 Total ¢harlty funds 12 70,916 For the year ending 31 March 2023 the charity VRS entitled to exemption from audit under section 477 of the Compani8s Act 2006 relating to small companies. Truslees responsibilities: The members have not required the charity to obtain an audit of its financial ststements for the year in question in accordance with section 476- The trust&es acknowledge their responsibilities for complying wlth the requirements of the Act wlth respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordanc8 Wlth the PTovisions applicable to companies subjecl to the Sfnall companies. regime. These financial statements were approved by the board of trustees and authoris8d for issue on 12th October 2023, and are signed on behalf of the board by.. Geraldina Deen Ro$8n7ary Rooney Geraldine Deen Trustee Rosemary Rooney Truslee The notss on pages 11 to 16 form part ol these flnanclal statsm8nts. Davina's Ark {Aftercare Addiction Centre) Company Limited by Guarantse statement of Cash Flows Year ended 31 March 2023 2023 Cash flows from operdting activities Net expenditure 40,716 Adjustments for.. Depreciation of Tangible Fixed Assets Donations in Kind Movement in Creditors 2,048 2,190 1,370 Changes in.. Trade and other debtors NIL Cash generated from operatlons Net cash movement in operating activitles 41,944 41,944 Cash flow8 from Investlng actlvltles Purchase of tangible assets Nel cash used in investing activitiès Net Increase In cash and cash equlvalents 41,944 Cash and cash oquivalenl8 at beglnnlng of year Cash and cash oqulvalonts at end of y8ar 26,509 68,453 The notes on pages 11 to 16 form part of these flnanclsl statomonts. 10 Davina's Ark (Aftercare Addiction Centre) Company Limited by Guaranteè Notes to the Financial Statements Year ended 31 March 2023 Gen•ral infomiation The charity is a private company limited by guarantee, registered in Northern Ireland. Statoment of complianco These financial statem8nts have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, Ihe Statement of Recomm8nded Practice applicable to charities pr8paring their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic or Ireland (FRS 102) {Charilies SORP {FRS 102)) 8nd the Chariti88 Act 2011. Accountlng pollcles Bas18 of preparation The financial statements have been prepared on th8 historical cosl basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements ar8 pr&pared in sterling, whiGh Is the funcllonal currency of the entity. Golng concern There are no material unc6rtainties about the charitys ability to continue. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Davina's Ark (Aftercare Addiction Centre) Company Limited by Guarantee Notes to the Financial Statements (contlntsedj Year ended 31 March 2023 Accounting pollci•8 (thjtlnued) Incomlng resourcas All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. rt is probable that the economic benefits associated with the transaction will flow to the charity and the amount can b& reliably measured. The following specific policies are applied lo particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when rec8iPt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general Volunteers. Income from contracts for th8 supply of servlees is r6cognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for il to be spent on a particular purpose and retumed if unspent, in which case It may be regarded as restricted. Rosources oxp•nded Expenditure is recognised on an a¢cruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classrfi8d under headings of the statement offinancial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities. ancj the sale of donated goods. expenditure on charitable actlvities includes all costs incurred by a charity In undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising fund8 for the charity nor part of its expenditure on charitable activities. All costs 8re allocated to expendtture categoriès reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible asséts are initially recorded at Cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are iecorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairnienl losses. 12 Davina's Ark (Aftercare Addiction Centre) Company Llmited by Guarantee Notes to the Financial Statements {￿n￿￿￿erf) Year ended 31 March 2023 Accounting policl•s (￿ntinu•d) Tanglble as8•tS fconunuodj An increase in the carrying amount of an asset as a result of a r8valuation, is recognised in other recognised gains and loss8s, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous rèvaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Doprociation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings Impalmiont of flxed assets 25Yo reducing balance A review for indicators of impairment is carri@d out at each reporting date, with the recoverable amount being estimaled where such indicators exist. Where the carrying value exceeds the re￿Verable amount, the asset is impaired accordingly. Prior impairments 8re also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimat8 is made of the recoverable amount of the cash-generaiing unSt to which the asset belongs. The cash-generaling unit is the smallest identifiable group of assels that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabililies of the charity are assigned to those units. Flnanclal Instrument8 A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument, Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs. Currenl assets and current liabilities are subsequently rneasured at the cash or other consideration expected to be paid or receiv8d and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in share5 are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and exp8ndilure. All other such investments aTr subsequently measured at cost less impairment. 13 Davina's Ark (Aftercare Addiction Centre) Company Llmited by Guarantee Notes to the Financlal Statements (contlnved) Year ended 31 March 2023 Accounting policles (¢onrfnu Flnanclal instruments {continuodJ Other financial instruments, including derivatives, are initially recognised al fair value, unless payment for an asset 15 deferr8d beyond normal business terms or financed at a rate of interest that is not a market rate, in which cas8 the asset is measured at the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Otherfinancial instruments are subsequently measured at fair v31ue. with any changes recognised In the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measur&d at cost or arnortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impaiment, an impaimient loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and otherfinancial assets that are individually significant, these are asse8$8d individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characterlstlcs. Any reversals of impairment ar& r8cognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously be8n recognised. Limlted by guarantèe Davina's Ark (Aftercare Addiction Centre) Is 8 company limiled by guarantee and accordingly does nol have a share capltal. Every member of th8 company undertakes such amount as may be required not exceeding £1 to the assets of the charitsble company In the event of its wound up while he or she is a member, or within one y8ar after hé or she ceases to be a member. Income Unrestricted Funds Restrfcted Total Funds Funds 2023 Voluntary Income LFT Charitable Trust Public Health Agency - Clear Project National Lottery Community Fund NM&DDC Confederation of Community Groups Publlc Funding Public Donations. Service User Donations Fundraising Donations in Kind 15,480 5,944 129,158 1,450 1,000 15.480 5,944 129,158 1,450 1,000 9,955 17,198 6,903 3,140 9.955 17,198 6,￿3 3,140 14 Davina's Ark (Aftercare Addiction Centre) Company Limited by Guarantee Notes to the Financial Statements (¢ontinu8d) Year ended 31 March 2023 Income contd. Unreslricled Funds Restricted Total Funds Funds 2023 Other Income Bank Interest 37.198 153,032 190.228 R¢sources Expandad Unrestricted Funds Restricted Total Funds Funds 2023 Staff Costs Establishment Costs Communication and IT Office Expenses Depreciation Account8ncy Fees Subscriptions Charges Sundry Expenses and Evant Costs 26,395 93,416 10,104 119.811 10,104 365 13,369 2,048 546 426 127 2,716 359 9,320 2.048 546 426 96 1.450 4.049 31 1,266 40,641 108,871 149,512 Nat expenditura N8t expondlture Is stated after chargingl{cr8diting)'. 2023 Depreciation of tangible fixed assets 2,048 Staff costs and Trustee remuneratlon and •xpensos The total staff costs and employee benefits for th8 reporting period are analysed as follows.- 2023 Wages and salaries 119,811 The average head count of employ88s during the year was 3. No employ68 r￿1Ved employee benefits of more than £60,000 during th8 year. No trustee r8c8ived remuneration. 16 Davina's Ark (Aftercare Addiction Centre) Company Limited by Guarantee Notes to the Financial Statements (continu•d) Year ended 31 March 2023 10. Tanglble fixed assets Flxtures and fittings Cost At 1 April 2022 Additions 38,476 950 At 31 March 2023 39,426 Depreclation At 1 April 2022 Charge for the year At 31 March 2023 31,236 2.048 33,284 Carrying amount At 31 March 2023 6.143 11. Creditors: amounts falling due wlthln ona y8ar 2023 Other creditors 3,679 12. Analys1$ of charitable funds Unre8tr1cted funds At 1 Apr 2022 Income Expenditure 31 Mar 2023 General 9.589 37,198 {40.641) 6,143 Restricted funds At 1 Apr 2022 Income Expenditure 31 Mar 2023 General 20.612 153.032 (1 Q8.871) 64.773 16