STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2018
| 2018 | 2018 | 2017 | |||
|---|---|---|---|---|---|
| **Unrestricted ** | Restricted | Total | funds | ||
| funds | funds | ||||
| Notes | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | |||||
| Charitable activities | 60022 | 60022 | 63631 | ||
| Investment income | 2 | 122 | 122 | 34 | |
| Total | 60144 | 60144 | 63665 | ||
| EXPENDITURE ON | |||||
| Charitable activites | 66764 | 66764 | 61970 | ||
| NET (EXPENDITURE)/INCOME | -6620 | -6620 | 1695 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 99278 | 272355 | 371633 | 369938 | |
| TOTAL FUNDS CARRIED FORWARD | 92658 | 272355 | 365013 | 371633 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
COMPANY NUMBER NI34900
BALANCE SHEET
AT 30 SEPTEMBER 2018
| BALANCE SHEET AT 30 SEPTEMBER 2018 |
||||
|---|---|---|---|---|
| 2018 | 2017 | |||
| Unrestricted | Total | funds | ||
| funds | ||||
| Notes | £ | £ | ||
| FIXED ASSETS | 154499 | 183934 | ||
| CURRENT ASSETS | ||||
| Cash at bank and in hand | 208928 | 186150 | ||
| Debtors and prepayments | 2426 | 2369 | ||
| 211354 | 188519 | |||
| CREDITORS | ||||
| Amounts falling due within one year | 840 | 820 | ||
| NET CURRENT ASSETS | 210514 | 187699 | ||
| TOTAL ASSETS LESS CURRENT | ||||
| LIABILITIES | 365013 | 371633 | ||
| NET ASSETS | 365013 | 371633 | ||
| FUNDS | ||||
| Unrestricted funds | 92658 | 99278 | ||
| Restricted funds | 272355 | 272355 | ||
| TOTAL FUNDS | 365013 | 371633 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.
The members have not required the company to btain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their 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 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 Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.
The financial statements were approved by the Board of Trustees on 20 March 2019 and were signed on its behalf by:
Mairead White
................................................................ Trustee/Director
The notes form part of these financial statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) `Accounting and Reporting by Charities: Statement of Recommedned 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 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Fixed Assets
All fixed assets are initially recored at cost.
Depreciation
Depreciation has been provided at the following reates in order to write off the assets over their estimated useful lives.
Freehold property 4% straight line Equipment 25% reducing balance Fixtures & fittings 25% reducing balance
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resouces.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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 when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2018
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 2017 | 2016 | |||
| £ | £ | |||
| Deposit account interest | 34 | 67 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2018 nor for the year ended 30 September 2017.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2017 nor for the year ended 30 September 2018.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2017 | 2016 | |
|---|---|---|
| Administrative and support staff | 1 | 2 |
No employees received emoluments in excess of £60,000.
5. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| Freehold | Fixtures & | Total | ||
| property | Equipment | fittings | ||
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 October 2017 | 415919 | 44177 | 91585 | 551681 |
| Additions | 1490 | |||
| At 30 September 2018 | 415919 | 45667 | 91585 | 553171 |
| Depreciation | ||||
| At 1 October 2017 | 246198 | 44177 | 77372 | 367747 |
| Charge for the year | 16637 | 75 | 14213 | 30925 |
| At 30 September 2018 | 262835 | 44252 | 91585 | 398672 |
| Net book value | ||||
| At 30 September 2018 | 153084 | 1415 | 0 | 154499 |
| At 30 September 2017 | 169,721 | 14213 | 183,934 | |
| DEBTORS | 2018 | 2,017 | ||
| £ | £ | |||
| Prepayments | 2369 | 2,287 | ||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2018 | 2017 | |||
| £ | £ | |||
| Accruals and deferred income | 840 | 820 |
-
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2018
8. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||
|---|---|---|
| Unrestricted funds General fund Restricted funds National Heritage Memorial Fund Release of Capital Grant DARD TOTAL FUNDS |
At 1/10/17 £ 99278 6945 222379 43031 272355 371633 |
Net movement in funds At 30/9/18 £ £ -6620 92658 |
| 6945 222379 43031 |
||
| 272355 | ||
| -6620 365013 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds Restricted funds TOTAL FUNDS |
Incoming resources £ 60144 60144 At 30/9/16 97583 272355 369938 |
Resources Movement expended in funds £ £ -66764 -6620 |
|---|---|---|
| -66764 -6620 |
||
| Net movement in funds At 30/9/17 £ £ 1695 99278 272355 |
||
| 1695 371633 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 63665 | -61970 | 1695 |
TOTAL FUNDS
There were no related party transaction for the year ended 30 September 2018.
- RELATED PARTY DISCLOSURES