**COMPANY REGISTRATION NUMBER: NI19317** 

## **FAMILY CARING TRUST Company Limited by Guarantee Unaudited Financial Statements** 

## **Year ended** 

**31 December 2016** 

## **K.JENNINGS & CO.** 

Chartered accountant 40 GREENAN ROAD NEWRY CO.DOWN BT34 2PZ 



## **FAMILY CARING TRUST** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 31 December 2016** 

|**Contents**|**Page**|
|---|---|
|Directors' report|**1**|
|Statement of income and retained earnings|**2**|
|Statement of financial position|**3**|
|Notes to the financial statements|**4**|
|**The following pages do not form part of the financial statements**||
|Detailed income statement|**9**|
|Notes to the detailed income statement|**10**|





FAMILY CARING TRUST
Company LimFted by Guarantee
Dlreclors. Report
Year erKled 31 December 2016
The direclors present their rewrt and the unaudit￿￿ financial statements of the company for the year
ended 31 December 2016.
Dlre¢lor3
The directors who served the c(Hnpany thjring the year V￿re as folk)ws:
Paul Butterfield
Martin Butterfield
Peter Bulterfield
Small company provlslons
This report has been prepared in a(￿rdarre with the prowsions appliC￿e to companies entitled to
the small companies exemption.
This report was approved by Ihe tx)ard of directors on 14 Awst 2017 and signed on behalf of the
board by..
Paul Butterfiek
Director
Martin Bultetfield
Direclor
Paul Butterfiekl
Company Secretary
Registered otfice..
44 RATHFRILAND ROAD
NEWRY
GO DOWN
BT34 1 LD

## **FAMILY CARING TRUST** 

## **Company Limited by Guarantee** 

## **Statement of Income and Retained Earnings** 

## **Year ended 31 December 2016** 

|||**2016**|2015|
|---|---|---|---|
||**Note**|**£**|£|
|**Turnover**||**17,715**|29,027|
|Cost of sales||**4,559**|13,944|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Gross profit**||**13,156**|15,083|
|Administrative expenses||**19,491**|27,814|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Operating loss**||**(6,335)**|(12,731)|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Loss before taxation**|**6**|**(6,335)**|(12,731)|
|Tax on loss||**–**|–|
|||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Loss for the financial year and total comprehensive income**||**(6,335)**|(12,731)|
|||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**Retained earnings at the start of the year**||**23,581**|36,312|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Retained earnings at the end of the year**||**17,246**<br>৶৶৶৶৶৶৶৶|23,581<br>৶৶৶৶৶৶৶৶|



All the activities of the company are from continuing operations. 

**The notes on pages 4 to 7 form part of these financial statements.** 

**- 2 -** 



FAMILY CARING TRUST
Company Limited by Guarantee
Statement of Financial Position
31 December 2016
2016
2015
Flxed assets
Tangible assets
3.230
Currenl assels
Stocks
Debtors
Cash at bank and in haTrJ
12.033
12.046
1.170
9,979
23,195
7.010
19,909
Credltors: amounts lalllng due wllhln one y￿r
Nel current assets
10
17,246
17,246
17246
20,351
Totsl assels less currenl Ilabllltles
23,581
Net assets
23,581
Capital and reserves
Profit and loss account
17246
17246
23,581
23,581
Members funds
These financial statements have been prepar￿j in accordance with the piovisions applicable to
companies subject lo Ihe small companies, regime and in accordance with FRS 102 The Financial
Reporting Standard applicabb in the UK and Republ￿ of Ireland..
For the year en(fing 31 December 2016 the Company was entFlled lo exemption from audit under
section 477 of the Companieg Act 2006 relating lo small companies.
Directors resp)nsibilittes=
The members have not required tho company lo obiain an audr( of r(s financial statements for the
year in question ID aCcc￿al￿e with ￿tion 476"
The directors acknowla*Je their resF()nsibiltties for comTYwng with the requirements of the Act
th respecl to account￿￿ re￿rdS the preparatK)n of financial stalemenls.
These financial statements were approved by the ly)ard of directors and authorised lor issue on 14
August 2017. and are signed on behalf of the ix)ard by:
Paul Butterfi8k
Director
Director
Company registration numbw: N119317
The nolgs on pgg98 4 10 7 fornTr part of these fln•ncl•l statement&

**FAMILY CARING TRUST** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 31 December 2016** 

## **1. General information** 

The company is a private company limited by guarantee, registered in N IRELAND. The address of the registered office is 44 RATHFRILAND ROAD, NEWRY, CO DOWN, BT34 1LD. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Transition to FRS 102** 

The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 12. 

## **Judgements and key sources of estimation uncertainty** 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## **Revenue recognition** 

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. 

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. 

## **Tangible assets** 

Tangible 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. 

**- 4 -** 



## **FAMILY CARING TRUST** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 December 2016** 

## **3. Accounting policies** _**(continued)**_ 

## **Tangible assets** _**(continued)**_ 

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. 

## **Depreciation** 

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: 

Equipment - 25% straight line 

## **Stocks** 

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. 

## **Defined contribution plans** 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises. 

## **4. Company limited by guarantee** 

The company is limited by guarantee with the liability of each member limited to one pound sterling. 

## **5. Staff costs** 

The average number of persons employed by the company during the year, including the directors, amounted to 2 (2015: 2). 

**- 5 -** 



## **FAMILY CARING TRUST** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 December 2016** 

|**6.**|**Profit before taxation**|||
|---|---|---|---|
||Loss before taxation is stated after charging:|||
|||**2016**|2015|
|||**£**|£|
||Depreciation of tangible assets|**3,230**|859|
|||৶৶৶৶৶৶৶|৶৶৶৶|
|**7.**|**Tangible assets**|||
||||**Equipment**|
||||**£**|
||**Cost**|||
||**At 1 Jan 2016 and 31 Dec 2016**||**29,921**|
||||৶৶৶৶৶৶৶৶|
||**Depreciation**|||
||At 1 January 2016||**26,691**|
||Charge for the year||**3,230**|
||||ৄৄৄৄৄৄৄৄ|
||**At 31 December 2016**||**29,921**|
||||৶৶৶৶৶৶৶৶|
||**Carrying amount**|||
||**At 31 December 2016**||**–**|
||||৶৶৶৶৶৶৶৶|
||At 31 December 2015||3,230|
||||৶৶৶৶৶৶৶৶|
|**8.**|**Stocks**|||
|||**2016**|2015|
|||**£**|£|
||Raw materials and consumables|**12,033**|12,046|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**9.**|**Debtors**|||
|||**2016**|2015|
|||**£**|£|
||Trade debtors|**697**|1,097|
||Other debtors|**169**|73|
|||ৄৄৄৄ|ৄৄৄৄৄৄৄ|
|||**866**|1,170|
|||৶৶৶৶|৶৶৶৶৶৶৶|
|**10.**|**Creditors:** **amounts falling due within one year**|||
|||**2016**|2015|
|||**£**|£|
||Trade creditors|**–**|106|
||Other creditors|**2,663**|2,738|
|||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|||**2,663**|2,844|
|||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|



**- 6 -** 



## **FAMILY CARING TRUST** 

## **Company Limited by Guarantee** 

**Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 December 2016** 

## **11. Related party transactions** 

No transactions with related parties were undertaken such as are required to be disclosed under FRSSE. 

## **12. Transition to FRS 102** 

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015. 

No transitional adjustments were required in equity or profit or loss for the year. 

**- 7 -** 



## **FAMILY CARING TRUST** 

## **Company Limited by Guarantee** 

**Management Information Year ended 31 December 2016** 

**The following pages do not form part of the financial statements.** 

**- 8 -** 



## **FAMILY CARING TRUST** 

## **Detailed Income Statement** 

## **Year ended 31 December 2016** 

||**2016**|2015|
|---|---|---|
||**£**|£|
|**Turnover**|**17,715**|29,027|
|**Cost of sales**|||
|Opening stock - resale|**12,046**|20,592|
|Purchases|**4,546**|5,398|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
||**16,592**|25,990|
|Closing stock - resale - type 7|**12,033**|12,046|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
||**4,559**|13,944|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Gross profit**|**13,156**|15,083|
|**Overheads**|||
|Administrative expenses|**19,491**|27,814|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Operating loss**|**(6,335)**|(12,731)|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Loss before taxation**|**(6,335)**|(12,731)|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|



**- 9 -** 



## **FAMILY CARING TRUST** 

## **Notes to the Detailed Income Statement** 

## **Year ended 31 December 2016** 

|**Year ended 31 December**|**2016**||
|---|---|---|
||**2016**|2015|
||**£**|£|
|**Administrative expenses**|||
|Wages and salaries|**10,957**|16,530|
|Staff pension contributions  - defined contribution|**1,088**|978|
|Rent|**600**|1,800|
|Light and heat|**–**|667|
|Insurance|**229**|330|
|Travel and subsistence|**–**|2,058|
|Telephone|**264**|917|
|Computer Costs|**510**|928|
|Printing postage and stationery|**946**|863|
|Staff training|**–**|18|
|Sundry expenses|**164**|331|
|Accountancy fees|**1,300**|1,300|
|Depreciation of tangible assets|**3,230**|859|
|Bank charges|**203**|235|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
||**19,491**|27,814|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|



**- 10 -**