REGISTERED COMPANY NUMBER: N1033133 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC 100565 ort of the Trustees and Financial Statements for the Year Ended 31 December 2024 Surviv Acom an Trauma Limited Limited b uarantee Lynn Drake & Co Ltd Chartered Accountants I st Floor 34 B-D Main Street Moira Co. Arniagh BT67 OLE
Survivor f Trauma Limit nts of th Fin ments for the Year Ended 31 December 2024 Page Referenee and Administrative Details Report of the Trustees Independent Exarniner's Report Statement of Financial Aetivities Statement of Financial Position 9 to 10 Notes to the Financial Statements 11 to 22 Detailed Statement of Financial Activities 23 to 24
rvivors ofTrauma Limited eference and Administrative Details for the Year Ended 31 December 2024 TRUSTEES Paul Maguire Ann Rowan (Trwurer) Patrick Murphy Joe Stewart (Chairperson) Margaret Brown Miriam Mulholland COMPANY SECRETARY Patrick Murphy REGISTERED OFFJCE St Sila5 Church 151 Cliftonville Road Belfast BT14 6JR REGISTERED COMPANY NUMBER N1033133 (Northern Ireland) REGISTERED CHARITY NUMBER NIC 100565 INDEPENDENT EXAMINER Lynn Drake & Co Ltd Chartered Accountants I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE CHIEF EXEC OFFICER Gary Te¢r BANK First Trust Bank 11-15 Donegall Square North Belfast BTI 5GB
vors of Trauma Limited ort ofthe Trustees for the Year Ended 31 December 2024 The trustees who are also dir¢ctors 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 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. 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 102) (effective l January 2019). ORJECTIVES 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 and 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 understandin& friendship, education and therapy treatments, users of the centre empower themselves 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 orthern 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 who provides a substantial amount of care on a regular b&sis for an individual mentioned 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 victims and survivors of trauma living in the BT14 area through greater access to high quality services that meets identified needs. The advancement of health - The direct benefits that flow from this purpose include: reduced levels of stress and anxiety, increased level of wellbeing for victims and survivors dealing with trauma. The advancement of education - The direct benefits that flow from this purpose include: enhanced 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 framework. beneficiary feedback and project evaluation5. Ben¢fits are demonstrated through feedback and assessments. 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 2024 ACHIEVEMENT AND PERFORMANCE Chairperson's Report As another successful year was being brought to a close, we headed towards March 2024 with the understanding that we were looking at a further 12 month 'roll on, extension. This latest extension is most likely to be the final one taking us up to an open call sometime in 2025. With the launch of the new Victims and Survivors Strategy 2024 -2034 we have reached an important juncture in which to reflect on the work we have done and to develop plans for the future. The strategy sets out a vision for a 'trauma infomied, society that addresses the needs of victims and survivors. It recognises the invaluable work that has been carried out and aiins to build on progress made by adapting to the changing needs of victims and survivors. Collaborative work with VSS examining new and emerging needs within the sector and the challenges that lie ahead took place late 2024. These consultation events were the beginning of interactions between VSS and the com/vol sector in preparation for the open call and to discuss the pros and cons to what may very well be a challenging budget. It could also be the case that any additional expenditure previously approved by utilising the employees allowance (NIER) may be subject to a more rigorous process. This was something that we did experience this year when unsuccessful following our submission for additional funding instead we were reminded that NIER should be utilised for the purpose. Our targets and associated outputs of work plans for this year are set to be achieved and, in some are&s, we hav¢ exceeded expectations. Under Health & Wellbeing our complementary therapies programmcs as ever has been in high demand with figures set to exceed what was initially anticipated. A stark increase in demand for talking therapies meant that we redirected additional resources to meet the need. This spike in demand for talking therapies reflects th¢ ever-changing needs of victims and survivors and the importance of a holistic approach to meeting that need. Classes delivered under PPD included soft fumishings, painting, genealo&y, wood carving. yog4 Tai Chi and craft workshops. We ran two separate day tripsloutings taking in a visit to Rowallan Gardens summer fete and a guided tour of our very own locally bas¢d Clifton House and graveyard. Our candlelight remembrance evening was a very moving and heartwarming end to the year facilitated by Paul Mcmahon and representative of his symbolic approach. It w&$ once again a very well attended event, a coming together in shared acknowledgement of all those people that we have lost. A big thank you the Halif&x Foundation Nl for once again funding our cleaning service and contributing to a room upgrade. The Foundation have been a supporter of our work for many years and this round of funding will be our final year of three before we takc a twelve-month break. FINAIYCIAL REVIEW The company had net outgoing resources for the year of £13,625 (2023: net incoming resources of £2.722), which reflected the completion of a number of projects during the year. Unrestricted funds decreased by £19,023, while restricted funds increased by £5,398. Reserves Policy The charity's policy is to retain a level of free reserves. which matches the needs of the organisation both at the current time and in th¢ foreseeable future. The charity has developed a plan to ¢stablish and maintain this agreed level of free reserves. The charity will continue to monitor compliance with this policy on a regular basis and the Board will review the appropriateness of the policy annually.
rvivors of Trauma Limited ort of the Trustees for the Year Ended 31 December 2024 FUTURE PLANS As we approach 2025, we have an indication of the timeline in which a call for funding will open and its likely to be around May. This will be an open call and will be a fairly competitive process, so it is imperative that we are in a strong position to meet that challenge. We are currently procuring services to develop a strategy which will layout a five-year plan setting out our goals and aspirations but also aligning with wider victims, strat¢gy and plans. We are mindful of our aging membership and of our duty to take care of the changing needs. Whilst focussing on future goals such as transgenerational impact of trauma and wider societal impact of the troubles on our communities we must ensure that the current needs of older members are addressed. This is an important time for the organisation and for the victims and survivors, S¢Ctor there is still much work to be done and with the budgetary constraints across all departments its sure to be challenging. We are ambitious in our &8pirations to continue to deliver quality service to victims and survivors and have proving to be resilient when the going gets tough. Joseph Stewart Chairperson STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, &s defined by the Companies Act 2006. Recruitment and appointment of new trustees The Inethod used to recruit new trustees onto the board is that of the board networking through there own contacts to find someone who fits the necessary requirement at the time. Charitable Status and RegistratioD Survivors of Trauma Limited was registered with the Charity Comrnission for Northern Ireland on 19th August 2014. Its Charity number is NIC 100565.
of Trauma ort of the Trustees forth Y ar Ended 31 Deeember 2024 STRUCTURE. GOVERNANCE AND MANAGEMEIYT Risk management The principles of good governance are embedded within all aspects of Survivors of Traurna Limited operations with management and staff being keenly aware of the Boards responsibility of ensuring that the organisation protects itself from financial ¢xposure and reputstional damage, A close working relationship is maintsined between the 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 discharge of their duti¢s. This two way relationship is the key feature of Survivors of Trauma Limited govemance arrangements and is a key strength in the company. A conscientious approach to ensuring that contractual project requirements are achieved has been maintained at all times both in the accounting period being reported on and since Survivors of Trauma Limited establishment. Very tight financial controls on expenditure and all financial commitments are maintained at all times and project staff have been trained and have become exp¢ri¢nced in budgetary controls.ln both these areas ie Project delivery and financial controls managem¢nt all staff have established close working relationships with funding organisations to ensure all mandatory standards are consistently achieved. Board representatives also actively engage with funding bodies. The Board, management and staff are fully aware that the nature of the work in which Survivors of Trauma Limited is involved can bring with it a high level of scrutiny to ensure that all activities are fully compliant with funding requirements and,Iherefore, beyond reproach.The Board of Survivors of Trauma Limited is, therefore, greatly reassured of the company's compliance with the highest of standards of governance on the basis that all monitoring and evaluation of project delivery demonstrates achievement of all funders objectives and that funders, audits and vouching of financial expenditure and the Independent Examiners Report Confirm compliance with both probity and regularity in the usc of monies received. EVENTS SINCE THE END OF THE YEAR Infomiation relating to events since the end of the year is given in the notes to the financial statements. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Survivors of Trauma Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {Unit¢d Kingdom Generally Accepted Awounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Rcpublic of Ireland Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable cornpany and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP. make judgements and estimates that ar¢ re&sonable and prudent. pr¢pare the financial statement5 on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Surviv f Tr uma Limit d ort f th Trustees for the Year Ended 31 December 2024 STATEMENT OF TRUSTEES, RESPOIYSIBILrriES - 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 comply with the Companies Act 2006. They are also responsible for safeguarding the &gsets of the charitable cornpany 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 companies. Approved by order of the board of trustees on 26 February 2025 and signed on its behalf by: Joe Stewart (Chairperson) - Trustee
en miner's Re ort to the Trustees of Suryivors of Trauma Limited I report on the accounts of the company for the year ended 31 December 2024, 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 company law) you are responsible for th¢ preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independeiit examination, 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 Charity Cornmission for Northern Ir¢land under Section 65(9)(b) of the Charities Act state whether 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 w&8 carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of tlie Charities Act. The ¢xamination 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 any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not aOrd with those accounting records That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further inforniation needed for a proper understanding of the accounts to be reached. Independent examiner's ststement I have completed my examination and have no concerns in respect of the matters (l ) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Bill ra Lynn Drake & Co Ltd Chartered Accountants I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE 26 February 2025
urvivors ofTrauma Limited Statem nt f Finan ial A tivities Incor oratin an Income and Ex enditure Account for the Year Ended 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3,115 3,115 2,123 Charitable activities Grants Receivable 145,111 145,111 162,738 Other trading activities Other income 5,307 729 5,307 729 4,175 1,762 Total 9,151 145,111 154,262 170,798 EXPENDITURE OIY Charitable activities Charitable Activities Govemance 10,497 155,158 2,232 165,655 2,232 165,861 2,215 Total 10,497 157,390 167,887 168,076 NET INCOMEI(EXPENDITURE) Transfers between funds (1,346) (17,677) (12,279) 17,677 (13,625) 2,722 14 Net movement in funds (19,023) 5,398 (13,625) 2,722 RECONCILIATIOIY OF FUNDS Total funds brought forward 104,578 279,789 384,367 381,645 TOTAL FUNDS CARRIED FORWARD 85,555 285.187 370,742 384,367 The notes forni part of these financial statements
Traum Limited Statement of Financial Position l December 2024 31.12.24 31.12.23 Notes FIXED ASSETS Tangible assets io 279,841 292,721 CURRENT ASSETS Debtors Cash at bank 2,680 93,392 3,063 93,160 96,072 96,223 CREDITORS Amounts falling due within one year 12 (5,171) (4,577) NET CURRENT ASSETS 90,901 91,646 TOTAL ASSETS LESS CURRENT LIABILITIES 370,742 384,367 NET ASSETS 370,742 384,367 FUNDS Unrestricted funds Restricted funds 14 85,555 285,187 104,578 279,789 TOTAL FUNDS 370.742 384,367 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required th¢ company to obtain audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge th¢ir responsibilities for (a) ensuring that the charitable company 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 y¢ar 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 Companies Act 2006 relating to financial statemcnts. so far as applicable to th¢ charitable company. The notes form part of these financial stalements continued...
Survivors of Trauma Limited Statement of Financial Position- continued 31 December 2024 Thesc financial statements have been prepared in accordance with thc provisions applicablc to cliaritable companies subjcct to the small companies regime. The financial statements wcrc appi'ovcd by the Board of Trustces and autlioriscd for issue on 26 February 2025 and were signed on its behalf by.. oes (Chairperson) - Trustee Margaret Brown - Trustee The notes forni part of these financial statements 10
rvivors o Limit d Notes to the Financial Statemen for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financial statements (a) General information and basis of preparation Survivors of Trauma Limited is constituted as a company limited by guarantee incorporated in Northern Ir¢land (N1033133). In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per member of the charity. The charity constitutes a public benefit entity &8 defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. 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 102). the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise statsd. (b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. (c) Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when 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 reccived. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlem¢nt can be obtaincd then income is deferred until those conditions are fully met or the fulfilment of those conditions is within th¢ control of the charity and it is probable that they will b¢ 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 from collections is recognis¢d when received. continued...
urviv rs of Tr uma Limi Notes to the Financial Statements- con for the Year Ended 31 December 2024 in ACCOUNTING POLICIES - continued Basis of preparing the financial statements Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fatr value is detennined on the basis of the value of the gift to the charity. For example the amount the charity would bc willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further dctsil 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 being received. At this point income is recognised. On occasion legacies will be notified to the charity howev¢r it is not possible to measurc the amount expected to b¢ distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is r¢cognised when entitlement has occurred. The charity receives government grants which are detailed within the notes to these financial statements. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that th¢ income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. (D} Expenditiure recognition All expenditure is accounted for on an accruals basis, inclusive of VAT which cannot be recovered and has been cl&ssified under headings that aggregate all costs relafrd to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings,. Costs of raising funds includes the costs associated with attracting voluntary incomes. Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocafrd directly to such activiti¢5 and those costs of an indirect nature necessary to support them. and Other ¢xpenditure represents those items not falling into the categories above. Irrecoverable V AT is charged as an expense against the activity for which expenditure arose. Grants payable to third parti¢s are within the charitable objectives. Where unconditional grants are off¢red. 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 th¢ charity. (e) Support costs allocation 12 continued...
Survivors ofTrauma Limited Notes to the Financial Statements - continued for the Y ar Ended 31 December 2024 ACCOUNTING POLICIES - continued Basis of preparing the financial 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 support of expenditure on the objecls of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditu on charitable activities on a basis consistent with use of the resources. Premises overheads have been allocated on an insert detail b&8iS and other overheads have been allocated on a basis consistent with the use of resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of dissemlnating information in support of ihe charitable activities. (fj Tgngible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairnient 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 ¢al¢ulated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows.. Freehold Propety Fixtures and Fittings Computer Equipment 4 % Reducing Balance IOO/o 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 contractual 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 relived and not discounted. Debt instruments are subsequently me&sured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair valu¢ with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less irnpairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond nornial business ternis or financed at a rate of interest that is not a market rate, in which case the &sset 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 subs¢qu¢ntly measured at fair value with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designed hedging relationship. 13 ontinued...
Survivors of Trauma Limited Notes to the Financial Statements- continue for the Year Ended 31 December 2024 ACCOUNTING POLICIES- continued Basis of preparing the financial statements Financial assets that are rne&sured 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 impairnlent loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain is recognised. For all equity instruments regardless of significance, and other financial assets that are individually significanL these are assessed individually for impairnient. Other financial &gsets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impaim]¢nt are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that ¢xc¢eds what the carying amount would have been had the impairinent 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 assefs cash generating unit, is estimated and compared to the carrying amount. Where the Carrying amount exceeds its recoverable amount, an impainnent 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 estimated. (i) Leases Assets acquired under finance leases are ¢apitalised and depreciatcd over the shorter of th¢ lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditor5. Rentals payable and receivable under operating leases are charged to thc SOFA on a straight lin¢ basis over the period of the lease. (k) Tax No provision is required for ttIOn as the company is defined as a charity for t&xation 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 caled 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...
Trauma Limited ncial tatements - continued for the Year Ended 31 December 2024 ACCOUNTING POLICIES - continued Basis of preparing the financial ststements The financial statements have been prepared on a going concern basis &8 the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and ihe 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 the 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 the most significant effect on the amounts 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 method and asset useful lives The estimates arjd assumptions are reviewed on an ongoing basis considering the current and future market conditions. Financial reporting stsndard 102 - reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as perniitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. Taxation The company is a register¢d 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. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only bc us¢d for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted pUoses. 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 advantage of the exemption in the SORP from the requirement to produce a cash flow because it is a small charity. 15 continued...
rvivors of Trauma Limited Notes to the Finaneial Statements- eontinu for the Year Ended 31 December 2024 DONATIONS AND LEGACIES 31.12.24 31.12.23 Gifts Donations 2,585 530 1.923 200 3,115 2,123 OTHER TRADING ACTtVlTIES 31.12.24 31.12.23 Bank Interest Room Hire 2,630 2,677 1,108 3,067 5,307 4,175 INCOME FROM CHARITABLE ACTIVITIES 31.12.24 31.12.23 Activity Grants Receivable Grants 145,111 162.738 Grants received, included in the above, are as follows.. 31.12.24 31.12.23 Halif&x Foundation Victims & Survivors Service National Lottery Community Fund National Lottery Community Fund Capital Volunteer Now Mens Grant 3,452 141.592 3,580 154,358 246 4,554 450 145.494 162,738 16 continued...
Survivors of Trauma Limited Notes to the Financial Statements- contin for the Year Ended 31 December 2024 CHARITABLE ACTIvrriES COSTS Support costs (see note 6) Direct Costs Totals Charitable Activities Govemance 165,655 165,655 2.232 2,232 165,655 2,232 167,887 SUPPORT COSTS Governance costs Governance 2,232 Support costs, included in the above, are as follows: 31.12.24 31.12.23 Total activities Govemance Independent Examiners Fee Accountancy Fee Bank Charges 492 1,220 520 480 1,200 535 2,232 2,215 NET INCOMEI(EXPENDITURE) Net in¢ome/(expenditur¢) is stated after chargin(crediting). 31.12.24 31.12.23 Independent Examiners Fee Accountancy Fee Depreciation - owned &ssets 492 1.220 13,330 480 1.200 13.568 17 continued...
Survivors of Trauma Limited es to the Financial Statements- continued for the Year Ended 31 December 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. STAFF COSTS 31.12.24 31.12.23 Wages and salaries Social security costs Other pension costs 83,360 2,211 1,908 79,144 1.618 1.813 87,479 82,575 The average monthly number of employees during the year w&s as follows.. 31.12.24 31.12.23 Management & Administration No employees received emoluments in excess of £60,000. 10. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Computer equipment Totals COST At l January 2024 Additions 778,382 100,633 16,540 450 895.555 450 At 31 December 2024 778,382 100,633 16,990 896,005 DEPRECIATION At l January 2024 Charge for year 490,810 11.503 100,067 58 1,957 1,769 602,834 13,330 At 31 December 2024 502,313 100,125 13,726 616,164 NET BOOK VALUE At 31 December 2024 276,069 508 3,264 279.841 At 31 December 2023 287,572 566 4,583 292,721 18 ontinued...
urvi fTraum Limi Notes to the Finaneial Statements - continued for the Year Ended 31 December 2024 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Victims & Survivors Service 2,680 3,063 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Social security and other t&xes Accrued expenses 2.054 3,117 1,514 3,063 5,171 4,577 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.12.24 Total funds 31.12.23 Total funds Unrestricted fund Restricted funds Fixed assets Current assets Current liabilities 461 85,094 279.380 10,978 (5,171) 279,841 96.072 (5,171) 292,721 96,223 (4.577) 85,555 285,187 370,742 384,367 14. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31/12124 At 111124 Unrestricted funds General fund 104,578 (1,346) (17,677) 85,555 Restricted funds Capital Grant Release Halifax Foundation Victims & Survivors Service Victims & Survivors Service (Capital) National Lottery Community Fund National Lottery Community Fund Capital Volunteer Now Mens Grant 269,895 1,157 4,415 566 246 (11,503) 2,503 (1.843) (77) (246) 17,677 276,069 3.660 2,572 489 3,510 (1,138) 25 2,372 25 279,789 (12,279) 17.677 285,187 TOTAL FUNDS 384,367 (13,625) 370.742 19 continued...
Survivors ofTrauma Limited Notes to th Financial Statem ontinued for the Year Ended 31 December 2024 14. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming resources Resource5 expended Movement in funds UDrestri¢ted funds General fund 9,151 (10,497) (1,346) Restricted funds Capital Grant Release Halifax Foundation Victims & Survivors Service Victims & SLirvivors Service (Capital) National Lottery Community Fund National Lottery Community Fund Capital Volunteer Now Mens Grant (11.503) (949) (143,052) (77) (246) (11,503) 2,503 (1,843) (77) (246) 3,452 141,209 (1,138) (425) (1,138) 25 450 145,111 (157,390) (12,279) TOTAL FUNDS 154,262 {167.887) (13,625) Comparatives for movement in funds Net movement in funds At 31112123 At 111123 Unrestricted funds General fund 96,995 7,583 104.578 Restricted funds Capital Grant Release Halifax Foundation Victims & Survivors Service Victims & Survivors Service (Capital) National Lottery Con]munity 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 3,510 3,510 284,650 (4,861) 279.789 TOTAL FUNDS 381,645 2,722 384.367 20 continued...
Surviv ofTr Limi Notes to the Financial Statements - continued for the Year Ended 31 Deeember 2024 14. MOVEMENT IN FUNDS- continued Comparative 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 Foundation 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 15. COIYTINGENT LIABILITIES A contingent liability exists at the year end to repay grants r¢ceived should certain conditions not be fulfilled by the charity. 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. 17. POST BALANCE SHEET EVENTS There were no events after the reporting period therefore no material issues need disclosed. 18. WINDING UP Every member of th¢ Company undertakes to contribute to the assets of the Company, in the event of the sam¢ 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 ihemselves. such amount as may be required not exceeding one pound. 21 continued...
Survivors of Trauma Limi Notes to th Fin ncial Statements- continued for the Year Ended 31 December 2024 19. SHARE CAPITAL The Company is Limited by Guarantee and has no Share Capital 22
Survi ors of Trauma Limited Det iled Statement of Fin ncial Activiti for the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donations and legacies Gifts Donations 2,585 530 1.923 200 3,115 2,123 Other trading activities Bank Interest Room Hire 2,630 2,677 1,108 3,067 5,307 4,175 Charitable activities Grants 145,111 162,738 Other ineome Other 729 1,762 Total incoming resources 154,262 170,798 EXPENDITURE Charitable activities Gross Salaries ER'S NIC Pensions Rates & Water Light & Heat Telephone & Internet Postage Stationery & photocopy Tutor costs Therapy Training Staff training Repairs & Renewals Cleaning expenses Insurance Programme Costs Travel Residentials / Respite Counselling Carried fonvard 83,360 2,211 1,908 333 9.174 1,318 1,588 10,431 325 79,144 1,618 1,813 283 9,607 1,240 1,373 11.225 172 1,655 2,212 2.890 4,069 2,751 3,197 417 1,174 1.707 4.480 128.443 198 13,218 3,147 129,795 This page does not form part of the statutory financial statements 23
urvivor fTr um etailed Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 Charitable activities Brought fonvard Therapies Remembrance Evening Sundries Computer Costs Depn - Freehold Property Depn - Fixtures & Fittings Depn - Computer equipment 128,443 22,470 1,151 129,795 21,000 998 500 261 1,503 58 1,769 11,982 65 .521 165,655 165,861 Support costs Governance costs Independent Examiners Fee Accountancy Fee Bank Charges 492 1,220 520 480 1,200 535 2,232 2,215 Total resources expended 167,887 168,076 Net (expenditure)lincome (13,625) 2,722 This pag¢ does not fom) part of the statutory financial statements 24