Davina's Ark (Aftercare Addiction Centre} la company limited by guarantee) Statement of financial activities (including income and expenditure account) for the year ended 31 March 2024 Unrestricted Restricted Funds Funds Total Funds Total Funds Mar 2024 Mar 2023 Notes Incoming resources Voluntary and charitable income Total income 36,264 36,264 134,177 134,177 170,441 170.441 190,228 190,228 Expenditure Expenditure on raising funds.. Resources expended Total resource5 expended 26,139 26,139 129.993 129.993 156,132 156,132 149,512 149.512 Net income and net movement in funds 10,125 4,184 14,309 40,716 Reconciliation of funds Total funds brought forward 6,143 64,773 70,916 30,200 Total fund carried forward 16,269 68,956 85,225 70,916 The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.
Davina's Ark (Aftercare Addiction Centre) la company limited by guarantee) Statement of Financial Position at 31 March 2024 Note Mar 2024 Mar 2023 Fixed assets Tangible fixed assets io 6,594 6,143 Current assets Cash at bank and in hand 82,081 82,081 68,453 68,453 Creditors: amounts falling due within one year 11 3.450 3,679 Net current assets 78,631 70,916 Total assets less current liabilities 85,225 70,916 Net assets 85,225 70.916 Funds Restricted income funds Unrestricted income funds 12 68,956 16,269 64,773 6,143 85,225 70,916 For the financial year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. Trustees responsibilities: The members have not required the charity to obtain an audit of its financial statements for the year in question in accordance with Section 476: The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting record5 and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved by the board of trustees and authorised for issue on 9th September 2024, and are signed on behalf of the board by.. Geraldine Deen Trustee Rosemary Rooney Trustee The notes on pages 11 to 17 form part of these fin ia statements
Davina's Ark (Aftercare Addiction Centre) la company limited by guarantee) Statement of Cash Flows at 31 March 2024 Mar 2024 Mar 2023 Cash flows from operating activities Net income 14,309 40,716 Adjustments for: Depreciation of ta ngible fixed assets Donations in kind Movement in creditors 2,198 {1,900} {2291 2,048 (2,190) 1,370 Cash generated from operations 14,377 41,944 Met cash movement in operating activities 14,377 41.944 Cash flows from investing artivities Purchase of tangible assets 1750) Net cash used in investing activities 750 Net increase in cash and cash equivalents 13,628 41,944 Cash and cash equivalents at beginning of year 68,453 26,509 Cash and cash equivalents and end of year 82,081 68,453 io
Davina's Ark (Aftercare Addiction Centre) (a company limited by guarantee} Notes to the financial statements for the year ended 31 March 2024 General information The charity is a private company limited by guarantee, registered in Northern Ireland. Statement of compliance The financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard in the UK and the Republic of Ireland, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021- (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2011. Accounting policles Basis of Preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue as a going concern. Fund accounting 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 of 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. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to 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. 11
Davina's Ark (Aftercare Addiction Centre) la company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Legacy income is recognised when receipt 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 a re recognised in the accounts when received if the value can be relia bly measured. No amounts are included for the contribbtion of general volunteers. Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recogni5ed on an accruals basis when a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates. Expenditure on raising funds includes the cost of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aim for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to the charitable activities. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activitie5. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are a Ilocated directSy to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible fixed assets Tangible fixed assets 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 recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 12
Davina's Ark (Aftercare Addiction Centre) la company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 An increase in the carrying amount of an asset a5 a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recgnised 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 revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of f ina ncial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less Its residua I value, over the Useful economic life of that asset as follows: Fixtures & fittings 25Yo reducing balance Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the a55et is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not P055ible to estimate the recoverable amount of an individual asset, an estimate 15 made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely are independent of the cash inflows from other assets or group 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 exected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial Instruments A financia l asset of f ina ncial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recogni5ed at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 13
Davina's Ark (Aftercare Addiction Centre) {a company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Debt instruments are subsequently measured at amortised cost. Where instruments in shares 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 expenditure. All other such investment are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designatd hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the intial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recogni5ed 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 been recognised. Limited by guarantee Davina's Ark (Aftercare Addiction Centrel is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes such amount as may be required not exceeding £1 to the assets of the charitble company in the event that it is wound up while he or she is a member, or within one year after he or she ceases to be a member. 14
Davina's Ark (Aftercare Addiction Centre) {a company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Income Unrestricted Restricted Total Funds Total Funds Funds Funds Mar 2024 Mar 2023 Voluntary Income LFT Charita ble Trust Public Health Agency- Clear Project National Lottery Community Fund Newry, Mourne & Down District Council Confederation of Community Groups 15,480 5,944 129,158 1,450 1,000 4,696 128,033 1,448 4,696 128,033 1,448 Public Funding Public Donations Server User Donations Fundraising Donations in Kind 4,190 16,931 12,118 3,025 4,190 16,931 12,118 3,025 9,955 17,198 6,903 3,140 134 177 170 441 190 228 Resources Expenses Unrestricted Restricted Total Funds Total Funds Funds Funds Mar 2024 Mar 2023 Staff Costs Establishment Costs Communications & IT Office Expenses Depreciation Professiona l Fees Accountancy Su bscriptions Bank Charges Sundry Expenses and Event Costs 13,125 1,071 75 5,509 2,198 109,456 11,674 4,361 478 122,581 12,745 4,436 5,987 2,198 3,000 2,014 470 133 2.569 119,811 10,104 365 13,369 2,048 3,000 2,014 470 ioi 1,577 546 426 127 2,716 32 992 129 993 156 132 149 512 Net income Mar 2024 Mar 2023 Net income is stated after charging: Depreciation 15
Davina's Ark (Aftercare Addiction Centre) (a company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Staff costs and trustee remuneration and expenses The total staff costs and employee benefits for the reporting period are analysed as follows: Mar 2024 Wages and salarie5 Sessional workers 66,279 56,302 The average head count of employees during the year was 3. No employee received employee benefits or more than £60,000 during the year. Taxation The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts. 10. Tangible fixed assets Fixtures Fittings & Equipment TOTAL Cost At l April 2023 Additions At 31 March 2024 39.426 39,426 Depreciation At l April 2023 Charge for Year At 31 March 2024 33,284 33,284 Net Book Value at 31 March 2024 Net Book Value at 31 March 2023 11. Creditors: amounts falling due within one year Mar 2024 Mar 2023 Other creditors 3,450 3,679 16
Davina's Ark (Aftercare Addiction Centre) (a company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 12. Analysls of charitable funds Unrestricted fvnds 01-Apr 2023 Incoming Resources Outgoing Resources 31-Mar 2024 General Restricted funds 01-Apr 2023 Incomlng Resources Outgoing Resources 31-Mar 2024 General 134 177 129 993 13. Contingent liabilities The charity has a contingent liability to the grant awarding bod ie5 to repay grants if certain conditions are not met. 17