REGISTERED COMPANY NUMBER: N1033133 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC 100565 ort of the Trustees and Financial Statements for the Year Ended 31 December 2023 for Survivors of Trauma Limited Acom an Limited b Guarantee Lynn Drake & Co Ltd Chartered Accountants 1st Floor 34 B-D Main Street Moira Co. Arinagh BT67 OLE
Survivors of Trauma Limited Contents of the Financial Statements for the Year Ended 31 December 2023 Page Reference and Administrlitive Details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Statement of Financial Position 9 to 10 Notes to the Financial Statements Detailed Statement of Financial Activities 23 to 24
Survivors of Trauma Limited Reference and Administrative Details for the Year Ended 31 December 2023 TRUSTEES Paul Maguire Ann Rowan (Treasurer) Patrick Murphy Joe Stewart (Chairperson) Margaret Brown Miriam Mulholland COMPANY SECRETARY Patrick Murphy REGISTERED OFFICE St Silas Church 151 Cliftoiivil le Road Belfast BT14 6JR REGISTERED COMPANY NUMBER N1033133 (Northern Ireland) REGISTERED CHARITY NUMBER NIC 100565 INDEPENDENT EXAMINER Lynn Drake & Co Ltd Cliartered Accountants I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE CHIEF EXEC OFFICER Gary Teer BANK First Trust Bank 11-15 Donegall Square Nortli Belfast BTI 5GB
Survivors of Trauma Limited ort of the Trustees for the Year Ended 31 December 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Stateinent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in tlie UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims Survivors of Trauma's main objectives are to offer a support network to all those people who have been affected both directly aiid indirectly as a result of the 'Troubles'. Our centre acts as a catalyst for victims and survivors to continue on their journey towards healing. Through mutual understanding, friendship, education arid tlierapy treatments, users of the centre empower tliemselves to reintegrate back into society. Public benefit Survivors of Trauma provide services for victims and Survivors of the Nl 'troubles' as defined under the Victims and Survivors (Northern Ireland) Order 2006. (a) someone who has been physically or psychologically injured as a result of or in consequence of a conflict related incident. (b) someone wlio provides a substantial amount of care on a regular basis for an individual Inentioned above. (c) someone who has been bereaved as a result of or in consequence of a conflict related incident. The relief of those in need - The direct benefits that flow from this purpose include,. improved quality of life amongst victiins and survivors of trauma living in the BT14 area through greater access to higli qual ity services that meets identified needs. The advanceinent of liealth - The direct benefits tliat flow from this purpose include- reduced levels of stress and anxiety, increased level of wellbeiiig for victims and survivors dealing with trauma. The advanceincnt of education The direct benefits that flow from this purpose includc.. enlianced interpersonal skills, personal and professional development. Providing recreational facilities in the interests of social welfare The direct benefits that flow from this purpose include: greater sense of connectedness, social inclusion and accessibility to high quality services for victims and survivors. These benefits are demonstrated through consistent monitoring and evaluation against quality Standard frainework. beneficiary feedback and proj¢ct evaluations. Benefits are demonstrated tlirough feedback aiid ass¢ssmeiits. The trustees have had regard to CCNI'S guidance on public benefit.
Survivors of Trauma Limited ort of the Trustees for the Year Ended 31 December 2023 ACHIEVEMENT AND PERFORMANCE Chairperson's Report It was business as usual as we entered January bringing to a close our final quarter in tlie first three months of the year and commencing a new prograinme of work beginning April 1st 2023. Following a two-year funding extension in 2020 we were once agaiii presented with a further twelve months 'roll on, which would take us up to Marcli 2024. It can be challenging tied to a programme budget which has remained relatively the sam¢ for the third year in a row, VSS throughout the years previously have put out funding calls for additional resources which have been welcome. It is however difficult to plan outside iiormal activities when constrained by a fixed budget particularly with the rising cost of absolutely everything. Nonetheless we have managed to deliver a successful programme of Personal & Professional Development (PPD) and Health & Wellbeing (HWB) services acliieving targets and outputs in line witli workplans. Our compleinentary therapies programines as ever has been in high demand with figures set to exceed what was initial ly anticipated. Our counselling service delivered on a relatively small budget is also set to achieve anticipated targets. We delivered two separate daytrips this year with one group Iieading off to Navan and another participating on a guided tour of the Belfast hills. Classes delivered under PPD included soft furnishings, painting, genealogy, wood carving, yoga, and craft workshops. Our end of year candlelight remembrance evening was a perfect opportunity for members and their families to come together in shared acknowledgement of all thosc people that we have lost. Further activities at the centre this year have been tl)ree voluntary led programmes which include virtual Pilates, guitar lessons and a gardening club. 2023 was a good year for sourcing additional grants and once again we received a successful outcome froin an applicatioii made to the Natioiial Lottery (Awards for All). The grant totalling £4800 will be used to purchase new electric treatment couches, so a huge thank you to The National Lottery once again. This year we saw the first of our financial rewards from the power g¢n¢rat¢d by the solar panels that were installed witli the help froin the Lottery in 2022. This is a fantastic return whicli can be reinvested in our activities andlor additional riiiining costs, for example, the £1162 received from POWER Nl is equal to 30 counselling sessions. For the second year in a row The Halifax Foundation NI have supported the annual cost of our cleaning service and helped us upgrade our recreation rooin with new fitted carpet tliroughout. We would like to extend a sincere thank you to both the Lottery and to the Halifax Foundation for their investment iii our work it really Inakes a huge difference. Fiiially, on behalf of the Board I would like to extend our deepest gratitude to outgoing coordinator Marie Close who retired this year. Marie was a founder member of tlie organisation a fervent advocate for victims and survivors and a tireless worker for the organisatioii and we wish her the very best in her retirement and for the future. FINANCIAL REVIEW The company had net incoining resources for the year of £2,722 (2022.. net outgoing resources of £5,780), which reflected the completion of a nuinber of projects during the year. Unrestricted funds increased by £7,5 83, wlii le restricted funds decreased by £4,861. Reserves Policy The charity's policy is to retain a level of free reserves, which inatches the needs of the orgaiiisation both at the current time and iii the foreseeable future. The cliarity has developed a plan to establish and maintain this agreed level of free reserves. The charity will Continue to monitor compliance witli this policy on a regular basis and the Board wil I review the appropriateness of the policy aniiual ly.
Survivors of Trauma Limited ort of the Trustees for the Year Ended 31 December 2023 FUTURE PLANS I can't escape the feeling of DeJa'Vu as I write of yet another one-year extension to our current funding under the Victims and Survivors Prograinme. However, on a much more positive note it is envisaged that a new funding call for longer term programmes could well be on tlie table close to the end of this year. A solid funding structure is what we need and if successful tt would provide us with some stability to plan for longer terin goals. Internal developinents aside it lias been an eventful year ending with the imminent departure of the current Victims Coinmissioner, a new Victim's Strategy finally launched and currently out for consultation. Yet still in the absence of a fully functioning Executive we have many unanswered questions particularly regarding legacy and tlie need for redress of bereaved victims highlighted in a recent Queens University publication. We welcome Luke Moffet and Kevin Hearty's paper an iinportant step towards acknowledging the need for reparations for tliose bereaved during tlie troubles. We will continue to work collaboratively with all our social partners in l)elping to shape the future landscape of the sector and prioritise the health and wellbeing needs of victilT]s and survivors in our conimunity. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is coiitrolled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of new trustees The method Lised to recruit new trustees oiito the board is that of the board networking through there own contacts to fiiid soineone who fits the iiecessary requirement at the tiine. Charitable Status and Registration Survivors of Trauma Limited was registered with the Charity Commission for Northern Ireland on 19th August 2014. Its Charity number is NIC 100565.
Survivors of Trauma Limited Re ort of the Trustees for the Year Ended 31 December 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management Tlie principles of good governance are embedded within all aspects of Survivors of Trauma Limited operatioiis witli Inanagement and staff being keenly aware of the Boards responsibi lity of ensuring tliat the organisation protects itself from financial exposure and reputational dainage, A close working relationship is maiiitaiiied between tlie Board and management to ensure that operationally staff are aware of the standards required of them by the Board and the Board are always in a position to provide guidance and support to management in the discliarge of their duties. This two way relationship is the key feature of Survivors of Trauma Limited governance arrangements and is a key strength in the company. A conscientious approach to ensuring that contractual project requirements are achieved has be¢n maintained at all tiines both iii the a¢couiiting period being report¢d on and since Survivors of Trauma Limited establishment. Very tight finaiicial controls on expenditure and all financial coinmitments are maintained at all times and project staff have been trained and have become experienced in budgetary controls.ln both these areas ie Project delivery arid financial controls management all staff have established close working r¢lationships with funding organisations to ensure all mandatory standards are consistently achieved. Board representatives also actively engage with funding bodies. The Board, manageinent and staff are fully aware tliat the nature of the work in which Survivors of Trauina Limited is involved can bring with it a high level of scrutiny to ensure that all activities are fully compliant with funding requireinents aiid,therefore, beyond reproach.The Board of Survivors of Trauma Limited is, therefore, greatly reassured of the coinpany's compliance with the Iiighest of standards of governance on the basis that all moi)itoring and evaluatioii of project delivery demonstrates achievement of all funders objectives and that fuiiders, audits aiid vouching of financial expenditure and tlie Iiidependent Examiners Report coiifirm coinpliance with both probity and regularity in the use of Inonies received. EVENTS SINCE THE END OF THE YEAR Information relating to events since the end of the year is given in the notes to the financial statements. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (wlio are also tlie directors of Survivors of Trauma Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and tlie fiiiancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the triistees to prepare financial statemeiits for eacli financial year which give a true and fair view of the statc of affairs of the charitable coinpany and of the incoming resources and application of resources, iiicluding the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accountiiig pol icies and then apply them consistently. observe tli¢ methods and principles in the Charity SORP. mak¢ judgements and estimates tliat are reasonable and prudcnt. prepare the financial statements oli the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Survivors of Trauma Limited ort of the Trustees for the Year Ended 31 December 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements coinply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable conipany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small coinpanies. Api?roved by order of the board of trustees on 4 March 2024 and signed oii its behalf by.. Joe Stewart (Chairperson) - Trustee
Inde endent Examiner's Re ort to the Trustees of Survivors of Trauma Limited I report on the accounts of the company for tlie year ended 31 December 2023, which are set out on pages eight to twenty two. Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of coinpany law) you are responsible for the preparation of the accounts in accordance with the requirements of the Coinpanies Act 2006. Having satisfied niyself that the cliarity is not subject to audit under company law and is eligible for independent exainiiiation, it is my responsibility to.. examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Cliarity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whetlier particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance witli the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning aiiy such matters. My role is to state whether any material Inatters have come to my attention giving me cause to believe.. That accounting records were Iiot kept in accordance with Section 386 of the Coinpanies Act 2006 That tlie accounts do not accord with those accounting records That the accounts do iiot coinply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods aiid principles of the Charities Statement of Recommended Practice applicable to charities prepariiig their accounts in accordaiice witli the Financial Reportiiig Standard applicable in the UK and Republic of Ireland That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have coinpleted niy examination aiid have no concerns in respect of the matters (l ) to (4) listed above and, in connection with following the Dir¢ctions of the Charity Commission for Northern Ir¢land, I have found no matters that r¢quire drawing to your attention. Billy Drake Lynn Drake & Co Ltd Chartered Accountants I st Floor 34 B-D Main Street Moira Co. Armagli BT67 OLE 4 March 2024
Survivors of Trauma Limited Statement of Finaneial Aetivilies Incor oratin an Income and Ex enditure Account for the Year Ended 31 December 2023 31.12.23 Total funds 31.12.22 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2,123 2,123 1,902 Charitable activities Grants Receivable 162,738 162,738 193,844 Other trading activities Other income 4,175 1,762 4,175 1,762 2,946 348 Total 8,060 162,738 170,798 199,040 EXPENDITURE ON Charitable activities Charitable Activities Governance 477 165,384 2,215 165,861 2,215 202,581 2,239 Total 477 167,599 168,076 204,820 NET INCOMEI(EXPENDITURE) 7,583 (4,861) 2,722 (5,780) RECONCILIATION OF FUNDS Total funds brought forward 96,995 284,650 381,645 387,425 TOTAL FUNDS CARRIED FORWARD 104,578 279,789 384,367 381,645 The notes form part of these financial statements
Survivors of Trauma Limited Statement of Financial Position 31 Deeember 2023 31.12.23 31.12.22 Notes FIXED ASSETS Tangible assets 10 292,721 301,085 CURRENT ASSETS Debtors Cash at bank 3,063 93,160 3,596 80,234 96,223 83,830 CREDITORS Amounts falling due within one year 12 (4,577) (3,270) NET CURRENT ASSETS 91,646 80,560 TOTAL ASSETS LESS CURRENT LIABILITIES 384,367 381,645 NET ASSETS 384.367 381,645 FUNDS Unrestricted funds Restricted funds 104,578 279,789 96,995 284,650 TOTAL FUNDS 384,367 381.645 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 Deceinber 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibi lities for (a) ensuring tliat the cliaritable coinpany keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Coinpanies Act 2006 relating to financial statements, so far as applicable to the charitable coinpany. The notes form part of these financial statements continued...
Survivors of Trauma Limited Statement of Financial Position - continued 31 December 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 4 March 2024 and were signed on its behalf by.. rt (Chairperson) - Trustee Ann Rowan (Treasurer) - Trustee The notes form part of these finan[ial stateinents
Survivors of Trauma Limited Notes to the Financial Statements for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basis of preparing the financial statements (a) General information and basis of preparation Survivors of Trauma Limited is constituted as a company ITmited by guarantee incorporated in Northern Ireland (N1033133). In the event of the charity being would up, the liability in respect of the guarantee is liinited to £1 per member of the charity. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accouiiting and Reporting by Charities.. Statein¢nt of Recommeiided Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Staiidard applicable in the UK aiid Republ ic of Ireland (FRS 102), th¢ Financial Reporting Standard applicable in the United Kingdoin and Republic of Ireland (FRS 102), the Cliarities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. The financial statemeiits are prepared on a going concern basis under tlie historical cost convention, modified to include certain items at fair value. The financial stateinents are presented in sterling wliicli is the functional currency of tlie charity.. The significant accountiiig policies applied iii the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity aiid wliich have not been designated for otlier purposes. Restricted funds are fuiids whicli are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purpos¢5. The cost of raising and administering such fuiids are charged against the specific fund. The aim and use of each restricted fLind is set out in the notes to the fiiiancial statements. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. (¢) Income recognition All incoining resources are included in the Statement of Financial Activities (SOFA) wh¢n the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlemcnt date in writiiig. If there are conditions attached to the donation and this requires a level of performance befor¢ ¢ntitleinent can be obtained then income is deferred until those conditions are fully met or the fulfilmeiit of those conditions is within th¢ control of the charity and it is probable that they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities (SOFA) when receivable. Income received froin coll¢ctTOllS is recognised when received. continued...
Survivors of Trauma Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Donated facililies and donated professional services are recognised in income at their fair value when their ecoiiomic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of tlie gift to the charity. For example the amount the charity would be williiig to pay in the open Inarket for sucli facilities and services. A correspoiiding ainount is recognised in expenditure. No amount is included in the financial statements for voluT]teer time in line with tlie SORP (FRS 102). Further detail is given in the Trustees, Annual Report. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy b¢iiig received. At tliis poiiit iiicome is recognised. Oil occasion legacies wil I be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a coiitingent asset and disclosed. Income froiii trading activities includes income eariied froiT] fundraising events and trading activities to raise funds for the cliarity. Iiicome is received in exc5iange for supplying goods and services in order to raise funds and is recognised wheii entitlement has occurred. The charity receives government grants which are detailed within the notes to these financial statements. Iiicome from governmeiit and other grants are recognised at fair value when the charity has entitl¢menl after any perforinance conditions liave been met, it is probable that the income will be received and the amount can be Ineasured reliably. If entitleinent is not Inet then these amounts are deferred. (D) Expenditiure recognition All expenditure is accounted for on an accruals basis. inclusive of VAT which caiinot be recovered and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where tliere is a legal or constructive obligation to make payinents to third parties, it 15 probable that the settlement will be required and the ainount of the obligation can be measured reliably. It is categorised under the following headings.. Costs of raising funds includes th¢ costs associated with attracting voluntary incomes. Expend iture on charitable activities includes those costs incurred by tlie charity iii the delivery of its activities and services for its bencficiaries. It includes both costs that can be allocated directly to such activities aiid those costs of an indirect iiature necessary to support them. and Other expeiiditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. (e) Support costs allocation 12 continued...
Survivors of Trauma Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2023 ACCOUNTING POLICIES- continued Basis of preparing the finaneial statements Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in siipport of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs caiinot be directly attributed to particular headings they Iiave been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have been allocated on an insert detail basis and other overheads have been allocated on a basis consistent with the use of resources. Fuiid-raising costs are tliose incurred in seeking voluntary contributions and do not include the costs of disseininatiiig information in support of tlie charitable activities. (fj Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estiinated residual value, of each asset on a systematic basis over its expected useful life as follows: Freehold Property Fixtures aiid Fittings Computer Equipinent 40/0 Reducing Balance I 00/0 Reducing Balance 25 % Straight Line (g) Financial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractiial provision of the instrument. Basic financial instruments are initially recognised at the amounts 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 rclived and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares ar¢ 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 incoine and expenditure. All other such investments are subsequently measured at cost less impairinent. Other financial iiistruments, including derivatives, arc initially recognised at fair value, unless payinent for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of iiiterest for a similar debt instrument. Other financial instruments are subsequently measured at fair value with any changes recognised in the statemeiit of financial activities, with the exception of hedging instruinents in a designed hedging relationship. 13 continued...
Survivors of Trauma Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements 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 iinpairment an impairment loss is recognised uiider the appropriate heading in the statement of financial activities in which the initial gain is recogiiised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed ind ividually for impairment. Otlier fiiiancial assets are either assessed individually or grouped on the basis of simi lar cred it risk characteristics. Any reversals of iinpairment are recognised 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. (h) Impairment Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash geiierating unit, is estiinated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an iinpairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. (i) Provisions Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estilT]ated. ti) Leases Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and tlie expected useful life of the asset. Minimum lease payments are apportioned between the finance charge aiid the reductioii of the outstanding lease l lability using the effective interest method. The related obligations, net of future finance cliarges, are included in creditors. Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. (k) Tax No provision is required for taxation as the company is defined as a charity for taxation purposes. The charity is a registered charity and so such is entitled to certain tax exemptions on income and profits from investments and surpluses on any trading activities carried on in furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. (l) Going concern 14 continued...
Survivors of Trauma Limited Notes to the Finaneial Statements - continued for the Year Ended 31 December 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements The financial statements have been prepared on a going concern basis as the trustees believe that no Jnaterial uncertainties exist. The trustees have considered the level of funds held and tlie expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for tlie charity to be able to continue as a going concern. (m) Judgements estimates The following judgements including those involving estimates that have been made in the process of applying the above accounting policies that have had tlie Inost significant effect on the ainounts recognised in the financial statements and that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year: (i) depreciation Inethod and asset useful lives The estiinates and assuinptions are reviewed on an ongoing basis considering the current and future market conditions. Financial reporting standard 102 - reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exeinptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK aiid Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. Taxation The coinpany is a registered charity aiid so such is entitled to certain tax exemptions on iiicoine and profits from investments and surpluses on any trading activities carried on in furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or wlien funds are raised for particular restrictcd purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Cash flow statement The charity has taken advantag¢ of the exemption in the SORP from the requirement to produc¢ a cash flow because it is a small charity. 15 continued...
Survivors of Trauma Limited Notes to the Financial Statements - Continued for the Year Ended 31 December 2023 DONATIONS AND LEGACIES 31.12.23 31.12.22 Gifts Donations 1,923 200 1,650 252 2,123 1,902 OTHER TRADING ACTIVITIES 31.12.23 31.12.22 Bank Interest Room Hire 1,108 3,067 24 2,922 4,175 2,946 INCOME FROM CHARITABLE ACTIVITIES 31.12.23 31.12.22 Activity Grants Receivable Grants 162,738 193,844 Grants received, included in the above, are as follows.. 31.12.23 31.12.22 Halifax Foundation Victims & Survtvors Service National Lottery Coininunity Fuiid National Lottery Cominunity Fund Capital 3,580 154,358 246 4,554 3,870 126,252 63,722 162,738 193,844 16 continued...
Survivors of Trauma Limited Notes to the Financial Statements - continued for Ihe Year Ended 31 December 2023 CHARITABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totals Charitable Activities Governance 165,861 165,861 2,215 2,215 165,861 2,215 168.076 SUPPORT COSTS Governance costs Governance 2,215 Support costs, included in the above, are as follows: 31.12.23 31.12.22 Total activities Governance Independeiit Examiners Fee Accountaiicy Fee Bank Charges 480 1,200 535 480 1,200 559 2,215 2,239 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after chargingl(crediting)'. 31.12.23 31.12.22 Independent Examiners Fee Accountancy Fee Depreciation - owned assets 480 1,200 13,568 480 1,200 13,002 17 ontinued...
Survivors of Trauma Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2023 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. STAFF COSTS 31.12.23 31.12.22 Wages and salaries Social security Costs Other pension costs 79,144 1,618 1,813 68,795 1,487 1,481 82,575 71,763 The average Inonthly number of employees during the year was as follows: 31.12.23 31.12.22 Management & Administration No einployees received emoluments in excess of £60,000. 10. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Computer eqiiipment Totals COST At l January 2023 Additions 778,382 100,633 11,336 5,204 890,351 5,204 At 31 December 2023 778,382 100,633 16,540 895,555 DEPRECIATION At l January 2023 Charge for year 478,828 11,982 100,002 65 10,436 1,521 589,266 13,568 At 31 December 2023 490,810 100,067 11,957 602,834 NET BOOK VALUE At 31 December 2023 287,572 566 4,583 292,721 At 31 December 2022 299,554 631 900 301,085 18 continued.
Survivors of Trauma Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2023 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Victims & Survivors Service 3,063 3.596 12. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Social security and other taxes Accrued expenses 1,514 3,063 905 2,365 4,577 3,270 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.12.23 Total funds 31.12.22 Total funds Unrestricted Restricted fund funds Fixed assets Current assets Current liabilities 1,073 103,505 291,648 (7,282) (4,577) 292,721 96,223 (4,577) 301,085 83,830 (3,270) 104,578 279,789 384,367 381,645 14. MOVEMENT IN FUNDS Net movemeiit in funds At 31112123 At 111123 Unrestricted funds General fund 96,995 7,583 104,578 Restricted funds Capital Grant Release Halifax Foundation Victiins & Survivors Service Victims & Survivors Service (Capital) National Lottery Community Fund National Lottery Community Fund Capital 281,877 (11,982) 1.157 2.487 (65) 32 269.895 1,157 4,415 566 246 1,928 631 214 3,SlO 3,510 284,650 (4,861) 279,789 TOTAL FUNDS 381.645 2,722 384,367 19 continued...
Survivors of Trauma Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2023 14. MOVEMENT IN FUNDS- eontinued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 8,060 (477) 7,583 Restricted funds Capital Grant Release Halifax Fouiidation Victims & Survivors Service Victims & Survivors Service (Capital) National Lottery Community Fund National Lottery Community Fund Capital (11,982) (2,423) (151,871) (65) (214) (11,982) 1,157 2,487 (65) 32 3,580 154,358 246 4,554 (1,044) 3,510 162,738 (167,599) (4,861) TOTAL FUNDS 170,798 (168,076) 2,722 Comparatives for movement in funds Net moveinent in funds At 31112122 At 111122 Unrestricted funds General fund 92,364 4,631 96,995 Restricted funds Capital Grant Release Victims & Survivors Service Victims & Survivors Service (Capital) National Lottery Coinmunity Fund 294,358 (12,481) 1,927 (71) 214 281.877 1,928 631 214 702 295,061 (10,411) 284,650 TOTAL FUNDS 387,425 (5.780) 381.645 20 continued..
Survivors of Trauma Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2023 14. MOVEMENT IN FUNDS - continued Coinparative net movement in fuiids, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 5,196 (565) 4,631 Restricted funds Capital Grant Release Halifax Foundation Victiins & Siirvivors Service Victims & Survivors Service (Capital) National Lottery Community Fund (12,481) (3,870) (124,325) (71) (63,508) (12,481) 3,870 126,252 1,927 (71) 214 63,722 193,844 (204,255) (10,411) TOTAL FUNDS 199,040 (204,820) (5,780) 15. CONTINGENT LIABILITIES A contingent liabi lity exists at the year end to repay grants received should certain conditions not be fulfilled by tlie charity. 16. RELATED PARTY DISCLOSURES There were no related party transactions for tlie year ended 31 December 2023. 17. POST BALANCE SHEET EVENTS There were no events after tlie reporting period tlierefore no material issues need disclosed. 18. WINDING UP Every member of the Coinpany iindertakes to contribute to the assets of the Company, in the ev¢nt of the same being wound up while it is a member. or within one year after it ceases to be a member, for payment of the debts and liabilities of the Company contracted before it ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributor's among themselves, such amount as may be required not exceeding one pound. 21 continued..
Survivors of Trauma Limited Notes to the Finaneial Statements - continued for the Year Ended 31 December 2023 19. SHARE CAPITAL The Company is Limited by Guarantee and has no Share Capital 20. COVID-19 The trustees continue to moiiitor the impact of Covid 19. Tlie trustees believe there is no adjusting events to report after the reporting date. The trustees will continue to Inonitor the situation closely to secure the viability of the organisation. 22
Survivors of Trauma Limited Detailed Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 31.12.22 INCOME AND ENDOWMENTS Donations and legacies Gifts Donations 1,923 200 1,650 252 2,123 1,902 Other trading activities Bank Interest Room Hire 24 2,922 3,067 4,175 2,946 Charitable activities Grants 162.738 l93,844 Other income Other 1,762 348 Total incoming resources 170,798 199,040 EXPENDITURE Charitable activities Gross Salaries ER'S NIC Pensions Rates & Water Light & Heat Telephone & Internet Postage Stationery & photocopy Tutor costs Staff training Repairs & Renewals Course Materials Cleaning expenses Insurance People and Communities Project Costs Travel Residentials / Respit¢ Counselling Carried forward 79,144 1,618 1,813 283 9,607 1,240 1,373 11,225 172 1,655 68,795 ,487 1,481 339 7,739 1,058 1,069 6,351 6,105 90 3,240 2,637 63,508 64 3,769 1,500 169,232 2,212 2,890 198 13,218 3,147 129,795 This page does not form part of the statutory financial statements 23
Survivors of Trauma Limited Detailed Statement of Financial A¢tivities for the Year Ended 31 December 2023 31.12.23 31.12.22 Charitable activities Brought forward Therapies Remembrance Evening Sundries Food & Catering Depn - Freehold Property Depn - Fixtures & Fittings Depn - Computer equipment 129,795 21,000 998 500 169,232 20,145 50 152 12,481 71 450 11,982 65 1,521 165,861 202,581 Support costs Governance costs Independent Examiners Fee Accountaiicy Fee Bank Cliarges 480 1,200 480 1,200 559 2,215 2,239 Total resources expended 168,076 204,820 Net income/(expenditure) 2,722 (5,780) This page does not form part of the statutory financial statements 24