Company registration nuraber: N1042183 Charity registfdtion number.. NIC100428 Community Focus Leaming known CFL (A company limiioj by guarantee) A[￿￿8[ Report and Financial StAt¢ments ft* the Year End￿ 31 D￿nber 2017 J AMC Cleinents& Co Independant Examiner Unit 25B Ballymeno Bu$inw Centre 62 Fenaghy Road Galgomi, Ball)mena BT42 IFL Community Foeus Learning known as CFL Contents Reference and Athninistrative Details Strategic Report Trustees, Report 3to5 Statem¢nt of Trustees, Responsibili¢i¢5 Independent Examiner's Rewfft Statement of Financial A¢tiviti¢s Ba18n¢e Sheet Notes to ihe Finsmcial Statements 10 to 17 Community Focus Learning known as CFL Reference and Administrative Detai ChHlrmAn Mrs Mary M¢Dtrmoi Trustees Mr Fergal Curr4n Mrs Sandra Millar Mrs Tess C MT5 Mary MtDumot Prlnclpfil Office 26 Market Road BalI￿le￿a Co Antrtm Northern Lroland BT43 6EL Regl$ter¢d oifi¢e 26 Markd Rcod Ball)mena Co Antrim BT43 6EL The charity is in¢orporated in NonhaTr Ireland. N1042183 Company ReglslrAtlon Number ChArlty Reglstratlon Number NIC100428 Independent Examlner J A M¢ Cl¢menL% & Co Ind¢p¢ndanr Examiner Unit ?5B BallJThena B￿sine&S &tre 62 Fa)aghy Road Galgorn), Ball￿ne￿a BT42 IFL Page I Community Focus Learniug known as CFL Strategie Report for the Year Ended 31 December 2017 The trust¢e4 who are directors for the purpose5 of cornpany law. present their strategic report for the year end¢d 31 December 2017, in compliancewith s414C of theCompani&s Ad 2006. The strategi¢ report Was approved by the trustees of thctharity on 6 August 2018 and signed on lis behalf by.. Mrs Santha fvlillar Trustee Page 2 Community Foeus Learning known as CFL Trustees, Report The irustee4 who 4re directors fw the purposes of company law, present the al￿￿￿1 report togethtt with the financial Statements of the charttable company for the year ended 31 December 2017. Trustee5 Mr Fetg&l Cuffan Mr5 Sandra Millar Mrs Tes5 Corry Mrs Mary McDerniol ObJectlYes and i¢tlvltlfs Objects andalft Community Focus Learning's objects (""Objerts"") are spc¢ificAlly r¢stricLed to The following.. (l) To advance education and trainin8 for the benefir of the public withou( distinctic￿ of sex, sex￿1 orienlalion, age race ethnicity, disabilit), or political. religious OT Oth￿ opinicn by L8sociaiin8 with statutory authorities, voluntary organisations and inhabitsnis in a common etTort to advancc ￿lU¢4110n the arts, culiuro h¢ritag4 personal d¢velopmeni. training and employment ski114 and to provide faciliti¢s in the interests of social wclfare with the objert uf improving the condiiion$ of lift for members of the public. 12)'1'o advanc¢ health by the proiision of educatim and health proinotional progrHrnm¢s c.ommunity I,'ocus l£aming is established 10 provide Irainin8 and development opporlunities to peA)ple of all ages, baLkgrounds and abilities in particulor tho% with disability. io improve the quality of the￿ livc8 and ei)hftnce s¢lf-e51eem and ¢onfid¢n¢e' to encourage pyle to develop skills to suppor( health and wellbeing and in particular ittenlal health. CFL brin& education to the community, swrcin8 opporluni1i￿ and lunding to ensure ￿lnerable people are not regtrictttl froiii parti¢ipaiin& CFL are al￿￿t en¢￿iraging those 8t ihe margu)s to participate in community aclivlty by buildin¥ capacity io etnpow¢r irtdividuals through a range of programmes addressing issues around hcalth and well-being, rural isolation, lonelin￿S and access to basic service5. Prograinmw are based on individLial needs.. Promote education and training in informal enviromaits where le4ming is for everyone T￿get areas oldi￿dVantage and encuur8¥e participalion by those Identifi￿ as'hard to rea¢h' Develop skills aDd Incre￿ knowledge, selfqnena Co Antrim Northem Ircland BT43 6EL These financial stateMe￿ts were authoris&l isgue by ihe tswsiees on 6 Au8USt 2018. 2 A¢¢ounllng pollcles Summary of sl%nlflcant accouDlln8 ￿11( le5 key xccounllts8 esllm&tes ThL' priiicipal ar￿UntIng policics applied in the preparation of thesc finan¢ial stat¢nients are set out b¢low. These policies have beerL consistently applied to all ihe years pr¢sentsJ, unle55 Otherwise 51&ted. Statement of ¢ompll#n¢e I'he findnLial stateinents have been prepared tn Accordance with Accounting and Reporting by Chariti&8'. Statollent ol Re¢omm¢nded PractiLe applicable to tharilie5 prepgring ihetr accounts in accordance with the Financial Reporting Standard Rpplieable in the UK and Republic of Ireland (FRS 102) (eff￿11¥e l January ?0151- (Charities SORP (FRS 10211, the Tr'inanual Rq)(xting Standard applicable in the UK and Republic of Ireland (FRS 102), They also comply with the L'ompani¢s A¢t 2006 and Charities Act 2011. Bayls of preparatlon C(xninunity Focus Learning meets the definiti(m of ¥ public benefii entity undtt FRS 102. Assets and liabilitias are inilially recogni5¢d &t hffistori￿l ca8t or transacti(￿ value unless (rfherwise stat&t in lh¢ relevant accounting policy Thotes. Going concern The triL%te¢s ¢onsider that there are no ]nalersal uncertainties al￿1 the chariws ability to conlillue as a going ¢on¢ern nor any signifLcant areas of unccrtainty that affect ihe Carr￿ng value of assets held by the charity. Page 10 Community Focus Learning known as CFL Notes to the Financial Stalements for the Year Ended 31 December 2017 Ex¢mptlon from preparlng 4 cash flow statement The charity opted lo early adopt Bulletin I publi5hfAI on 2 F￿ 2016 and have th¢refore Mot included a cash flow slliteinent in the5¢ financial statement Ineome and endowmenls All in¢ome is re¢o8nised once the charity has entitlemfflt to the irLcoTne. it is probable that the income will received and the atnouni of th¢ income receivable can be measured reliably. Expendlture All expendilure is reco8nis&a once there is a legal or ¢onstru¢tiv¢ obligation lo that expenditur4 it is probable sctiletnent is re4uirEd pnd the amount can be measured reliably. All cost5 arc allocated to the appli¢abl¢ expendirure heading that aggregate sirnil8r costs LO thar category. Whtte costs cannc¢ be dir￿tlY aiiribut&l to particular headings they have been all(L8ied on a basis consistent with the use of resources. with ¢¢ntral staff cosrs allocaied on the basis of time spent, and depreciation charges all(￿ated on the portion of the assct's use. Other support Costs are allocated based on the 8pread of $18ff ¢osts. Rulslngfunds T￿¢se are co￿5 incurred in a¢tr4dill8 volun¢ary incrthe. th¢ manag￿￿1t of investments and those in¢urred tradin8 adivitias that r&i5e fijnds. Tautlon 'I'he Lharity 13 considered to pass the tests sei OUL in Paragrdph I Schedule 6 of the Finan(t Act 2010 and therefore it Ineets the definiliun of a chariiabl¢ ¢oinpany f(x l.K Corporatic￿ lax purposes. Accordingly? the Charity is potentially cxempt from taxaiicffl ui respect of income capilal gains recelved within categories covered by c'hapt￿ 3 Pari I I of the Corporaiicm Tax Act 2010 or s￿tiOn 256 of ihe Taxa¢7(￿ of Chargeable Goins Act 1992, to the extent that guch income or gains ar¢ opplied exclusively to charitable purpo545. TrAde debkjrg Trade debtcrs are amounts due from c￿%10￿¢rS for mer¢h8ndis¢ sold or Servic￿ pttformed in the ordinary course of bu5in¢sy. Trad¢ debtors are recognised initially at the tranSart1(￿ price. They are subs4uenily Ineasured at amortised wst I15in8 th¢ ¢ffe£tivc intere# meth￿L l&ss provision for irnp8imifflt. A provision for ihe impairn)enl of trade debtors is established wh¢n there is objective evidence that the charity will Dot Ee able to ¢olle¢t all amounts due ace(xding to the originalternis of th¢ rKeivables. C#sb And eash equlvalen15 Cash ca.￿h equivalent5 comprise cash on hand and call dep05its, and other sht*t-tttm highly liquid investments that are re&dily convertible to a known amount of wh and are subjeLt to an insignifiL￿t risk of change in value. Page 11 Community Focus Learning known Yds CFL Notes to the Finan¢iAI Statements for the Year Ended 31 De¢¢Jub¢r 2017 Borrowlngs tnteresi-bearing ￿rrowingS ar¢ initially re¢orded ai fair value, nei of transaction costs. Interest-lxaring b)rTowngs are subsequently carried at amortised cost, with th¢ differen¢e ￿tWeell the proceeds, net of transaction costs, and the aD]OUtLI due on redemptii)n being recognised 85 a charge to the stsiemenr of Fittancial Activities over the period of the relevant boTrowin8. Interest expense is recognised on the basis of the efftctive interest method and is includfyj in interest pajable and similar charges. Borrowings are classified as cUrre￿t liabiliti£s unless the chariry h&s an Unc￿nditI¢mI right to defu settlement of th# li&bility for at l¢ast iwelve months after the repOrt￿g dak. orelgn exchange Transactions in foreign currcn¢ies are recorded ai the rate of exchaiige ai ihe dale of Ihe transaction. Monetary assets and liabilities denominatul in foreign currencies at the b&lan¢e sh¢¢t dgie are reporied at the rates of exchange prevailing at that date. The results of ov¢r5e45 operalions gre translat￿ at the average rates of ￿change during the period artd their balance sheets at the rfites ruling at the bal4nce sheet date. Exehan8e differences arising on translation of the opening net 8ssets gnd results of ovcrseas opera¢ions gre rep(rt¢d in other ¢0mpreh￿SIve income and accumulaied in cqiiity {attt1bUt￿ to non-controlling interests a5 appropri8te). her exchon8e difference6 are recognised in the Statemeni of Financial Activities in the pttiod in ￿lch ihey Hrise except for.. 11 exchange differencej on tranS&cti￿S ￿t￿ed into to h￿8¢ certain foreign curr¢n¢y risks (see aE(Jve)' 2) exchange differences aristng on gains ￿ losses on non-monetary items which are recognised fft other comprehL￿Sive income. E4nd 31 in the c8$e of the consolidated financial stst¢menty ex¢b4ng¢ dIffer¢n￿ (K) monetttry items receivable from or payable to a foreigll operation for which setilema]t is iieither plannal Iior likely to wour (therefore forming part of the net investment ifL lh¢ foreign operati(m). which are rec4)8nised in ¢Aher tx)mpr¢hensive income and r¢port¢d under eqiiity. Fund structure Restricted income funds are those donated for us¢ in & parti¢u]ar area (ff fry spttific purp05e4 the use ol. wthich is re8trirt￿ to that ared or purpose. Page 12 Community Focus Leydrning known as CFL Notes to the Finaneial Statements for the Year Ended 31 December 2017 Flnanclul Instrunjents C1￿$1}1c0llo￿ Financi￿ wets and financial liabilities ar¢ rwised when the clwiry becomes & party to the contrg4Ctua] provisions of the instrumelit. Financial liabililics and equiiy instruments 8re clL4sified ac￿￿dIng io ihe subs(ance of the contractual arrangements entered into. An equity instrumtht is any ¢ontraa that evida)w a residual itJtere# in the asseis of the charity after deducting all of its liabiliiia Rec&gnlilon onrfmefjsuremenf All financial assets alld liabiliiiL% arc initiAIty mvdsured at transaction price (including tr8nsadion ¢ostsl, except for th05¢ finan¢ial wets eI￿lfied as ai fair value through profit or Ioss. which arc initially measured at fair value (which is normally th¢ tronsarti(m price excluding trAnS￿ti(￿ costs). unle55 ihe arrangeM￿t conslitutC5 a financiiig transaction, If an arrangcment ￿nStItuteS a finaThcing tronsa¢ri(m, the fiD8n¢ial ass¢t or financial liability is measured ai the present value of the fvture payments discounted 8¢ a marke¢ ra* of int¢rest for a similar debt instrument. Fin&n¢ial 8wts and liobiliti&s are only offset in the statement of financial position when. and only when there exlst8 tt legally ¢nfor¢eable righi 10 sel oif the recognised amounts and the charity intends either to settle on a net basis, or tts realise the asset and seitle the liabiliiy simulianeoLL81y. FitLlln¢ial assets ar¢ derecognised when and only when a) the coniractual rights to the cash fIows frorn the fjnunci asset expire or are settled, b) the eharity transftts LO ano(htt party substantially all of the risks and rewards of ow)ership of the financial assa, (K ¢) the chprity, d&spi¢e h4vtn8 reiaiiied some, but not all, significant risks and rewards of ownership> has transferred control of ihe &￿et ￿ anothtt party. Finan¢ial liabilities ar¢ d¢reco8nised only when ihe obligaiion specifled in the contract iy dI$Chttrg￿, ¢ancelled or expires, Page 13 Community Foeus Learning knoivn as CFL Notes to the Financial Statements for the Year Ended 31 December 2017 Debtlnslnimenls Debt instrutnents which meet the following conditi¢)ns are subsequently measured at amortised cost using the effective interest methomj: (8) The ¢ontra¢tual return to the holdtt is (i) a fixed amwn(' {ii} 8 p￿SItiv¢ fixed rale or a positive variable rate. or (iii) a Combinati￿ of a positiv¢ ￿ 8 negaiive fixed and a positivc variabl¢ rnt¢. (b) The contra(t may provide for repayments of the principal or the rettDTr to the hold￿ (but not to be linked to single releyant observable index of general price inflaticm of the CUrr￿eY in which the deix IThstrum￿t is denvtninul¢￿ provided such litths are not leveraged. (c) The coniratt may provide for ¥4 det¢rtninY4bl¢ variatiTh) of the rcturn io the holdLT duriiig the life of the instrument, provided that (i) the new ratc satisfics condir1(￿ la) and th¢ variaiii)n is noi ciyniingent on furure cvents other than {1) a ¢hangc of a contradual variabl¢ Tate'12) to proieLt ihe holder againsr crcdit delerioration of thc i55uer; (31 clianges in levies applied by a ccntrdl bank or Hri5ing from change& ui relevant tsxaiicn ￿ law. or (li) the new rate is a market rate of interest and 8ali8fies conditii)n (a). (d) There is no contra¢tual proyision that ¢ould, by its tern)4 resul¢ in the holder losing the prin¢ipal amount or any Interest attribuiabl¢ to the ¢urreni period or pri(r p¢ri(xJs. (e) ContrauuAI provisions that porniit the issuer to prepay a debt instrument or wmit the holder to put it back to the issuer before maturity are not contingent on future events, othtt than to protect the holder against the credit dclcriuraiion of the issuer or a change in control of (he issuer, or to proied ihe holder or issuer ogai]ut Changes in l¢vi¥s applied by a central bank or arisin8 from changL% in rele￿1( (&xafi(m or law. {fj C.(mtractu&l provisions may pem)it the oxtension of the iemi of the de￿ instrument, provided that the reNm io the holdcr and any other cffl)Iractual provisions appli£xblc during the extcndL4d tenn ￿lIsfy the conditions of PEwagr&phs (a) to (¢). Debt ins(ruments thal are classified as payable or receivable within one >tar on initial reco8nitiu) and which me¢t th¢ atK)ve conditions meL8Lwed at the undiscountoj amounl of the cash (K other considcr&ti(m expe¢t¢d to be paid or receive5￿ b¢low} 4,755 Total expenditure Net incomeJ{expenditure) ()ther recognlsed galns losse5 OthLY gainO10gsos (anal>sed below) Reconclllation of thtsd$ 4.755 5,844 10.599 12,6U8 8.148 (8.094) 54 9,269 291 291 Total fi￿dS carried forward 237 Page 20 Community Fo¢us Learning Iinown as CFL Detydiled Statement of Financial Activitie5 for the Year Ended 31 December 2017 2017 Tolal 2016 Tolal Donallons andlegacl Donated goods 2017 u￿reStrICted rllnds Restrltted fund$ Tothl 2016 Other Total Other lrndlng rt¢¢lvliles Grants- otlicr agencies Lloyd$ John Moores Foundatic S&les of donated g￿dS Fccs and supplies 810 {3,060) 810 (3,060) 3.000 3,000 4,724 12,903 12903 50 2017 UDrestrlctrd funils 2017 Restrlctcd fund$ Totsl 2Q16 O(h¢r Tot*1 RaiFingfunds Wages and salaries Training Training Training Rent (5,034) (5,034) (i) (1,771) (4,841) (178) (719) (1,401) (1,401) Rates Li8h¢ heat and power (173) (9lO) (173) (910) Page21 Community Foeus knrning I￿Own as CFL Detailed Statement of Financlal Activities for the Year Ended 31 December 2017 2017 Unre51ricted funds 2017 R¢strl¢ted funds Total 2016 Olber Tothl Light. heat and power LighL heat and power (123) {1231 123 (17) {2421 123 Insurtlnce Insurance Repairs and renewals Telcphone and fax Telcphonc and f&x T¢l¢phi)ne arhd fllx Computer 50ftwaTe and Tnairttenan￿ costs Computer software and maintenance costs Printing, postage and 5¢aiion¢ry Printing, po.stage and stalioiiery Printin& posia8e and stationery General Expen5e5 Travel and subsistence Adv¢riising Bank charges Bank interert pa￿ble redi¢ ¢ard ¢horg¢g (17) (242) (545) 256 (3.620) (1,180) (1,180) (19) 19 (19) 19 (179) (222) (179) (222) (96) (30) 50 (96) (294) (50) 50 (9) (200) (200) (920) (920) 161) (170) 1327) 327 25 25 5,844 2017 Unrestricted fyDds 2017 Totgl 2016 Other Total Oiher gfjinE/IosscT Accountancy fees Le8al and profession￿ fees Bank Charges (150) (131 128 {150) (13) 1?8 91 291 Page 22