Charity registratlon nurnber: 100853 The Edge Flnanclal Statements Year ended 319t March 2023
The Edge Flnanclal Statements Year ended 31#t March 2023 Contents Page Officers, Report Independent Examlner's Report Statement of Financial Activities Statement of Flnancial Posltlon Statement of Cash Flows Notes to the Financial Statements 7-11
The Edge Officers, report The officers of The Edge present their report and financial statements of the charity for the year ended 313t March 2023. References and adminlstratlve detsils Registered charity name: The Edge Charity registration number: 100853 Principal office: PO Box 18, Windmlll Street, Ballynahinch, Co Down, BT24 8Yr. Officers Mrs Erln Nixon (Chairperson) Mrs Hollie Dowling (Treasurer) Mr Philip Roy (Secretary) Mr David Brown Mrs Helen Clarke Mr Peter Crory Mr Ken Foster Mr Terry Hllland Rev Dario Leal Mrs Wanda Rodgers Structure, governance and management The day to day operation of The Edge Is carrled out by the employees of the charlty and in tum thls is overseen by the Trustees who are drawn from Churohes in and around Ballynahinch. The Edge exists to empower young people and the wlder community to achleve their full potential splritually, mentally, socially and physically. The officers, annual report was approved on 281h November 2023 and slgned on behalf of the board of trustees by: Mrs Erin Nixon (Chairperson)
The Edge Independent examlnees report to the officers of The Edge I report on the financial statements for the year ended 31 s¢ March 2023 which comprises the attached Statement of Financial Activities, Statement of Financial Position, Statement of Cash Flows and all supporting Notes to the Financlal Ststements. Respectlve responslbilities of charlty offlcers and examlner As the charltys officers you are responsible for the preparation of the accounts In accordance with the Charities Act (Northern IreL3nd) 2008. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination. it is my responsibillty as Independent Examlner to: examine the accounts under sectlon 65 of the Charitles Act follow the prOdureS laid down in the general Directlons glven by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charltles Act stst& whether particular matters have come to my attention. Basls of Independent examlnor's report I have examined your charity accounts as requlrad under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the Charltles Act. The examination included a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanatlons from you as charity officers conceming any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. That the accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do nol accord with those accountlng records Contlnued:
The Edge Independent examinerfs report to the offlceTS of The Edge Continued: 3. That the accounts do not comply with the accountlng requirements of the Charltles Act 4. That there is further information needed for a proper understanding of the accounts to b8 reached. Independent examlner's statement I have completed my examlnation and have no concerns in respect of the matters 1 to 4 listed above and, in respect of the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. te uddl on (FCA) S Huddleston Chartered Accountant 18ramble Hill Lane Hillsborough BT26 6FQ
The Edge Statement of Financlal Activities Year ended 31st March 2023 Not8 Unrestricted R•strlcted Total funds funds 2023 Total 2022 Income Donations. Gift Aid reolaims, grants and funding awards 71,986 15,940 87,926 103,577 Charitable activities 300 300 Investment income 89 72.375 89 88,315 78 103,655 Expendlture Expenditure on charitable activities 5&6 {63,410) 15,940) 79,350} 106.021) Surplus l (Deflclt) for the 8,965 8,965 2,366) Reconciliation of fund8 Total funds brought forward 44,058 44,058 46.424 Surplus l (Deficit) for the year 8,965 8,965 (2,366) Total funds carrled forward 53.023 53,023 44,058 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure has been derived from continuing activitles.
The Edge Statement of Flnanclal Position as at 31st March 2023 Note 2023 2022 Fixed assets 10,995 11,759 Current assets Creditors: amounts falllng due within one year Net current assots 46,274 36.477 10 (4,246 4,178 Total not assets 53,023 44,058 Reconcillation of funds Total funds brought forward Surplus l (Deficlt) for the year Total funds carried forward 44,058 8,965 53,023 46,424 (2,3661 44,058 These flnancial statements were approved by the board of trustees and authorised for issue on 28th November 2023, and are signed on behalf of the board by: rs Erin Nixon (Chairperson) ie Dowling (Treasur
The Edge Statement of Cash Flows Year ended 310t March 2023 2023 2022 Cash flows from operatlng actlvitles Surplus l (Deficit) for the year 8,965 (2,366) Adjustments for: Depreclatlon Interest receivable and slmilar income Interest payable and similar charges 764 (89) 121 764 (78) 112 Changes In: Trade and other debtors Trade and other creditors (1,505) 68 5,298 1,206 Cash generated from operations 8,324 4,936 Interest pald Interest received Net cash from I {121) 89 8,292 (112) 78 used In oE8ratlnAactlvltles Net increase l (decrease) In cash and cash equlvalents 8,292 4,902 Cash and cash equivalents at the be inning of the year Cash and cash e uivalents at the end of the ear 28,495 36,787 23,593 28.495
The Edge Notes to the Flnanclal Statements Year ended 318t March 2023 1 Statement of compliance These accounts have been prepared In compliance wlth FRS 102, The Flnanclal Reporting Standard applicable In the UK and Republic of Ireland, Charftles SORP (FRS 102), the Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act (Northern Ireland) 2008. 2 Accountlng pollcles Basis of preparation The financial statements have been prepared on the historical cost basis and In sterling which is the principal functional currency of the charity. Golng concern There are no rnaterial uncertaintles about the charlty's ablllty to continue. Fund accountlng Unrestricted funds are avallable for use at the discretion of the trustees to further any of the charlty's purposes. Designated funds are UnStrIcted funds eamiarked by the officers for a particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. Depreclatlon Depreciation has been provided at tha following rates in order to writ8 off the assets over their estimated useful lives: Tenant irnprovements Equipment No depreciation required in current year 200/0 Straight line
The Edge Notes to the Financial Statements Year ended 31st March 2023 3 Donations etc 2023 2022 Individuals Churches (Unrestricted funds) Churches (Restricted funds) Gift Ald reclaims Grants and funding awards (Unrestricted funds) Grants and funding awards Restricted funds) 47,922 12,700 1,550 9,487 1,877 14,390 33,625 14,020 1,~100 7,382 11,300 35,550 103,577 4 Charltable actlvities 2023 2022 Sale of goods (Confectionery etc) 300 300
The Edge Notes to the Financial Statements Year ended 31st March 2023 5 Expondlture on charitable actlvltles 2023 2022 Rent Bank charg8S Heat and light Telephone and intemet Insurances Staff costs Repalrs, malntenance, cleaning and sundry equlpment General admlnistration expenses Professional fees (provision wrltten-offj Summer Mlsslon and Activity weekslEaster and Christmas eventsrr:BUCIOther programme costs Depreciation 4,667 121 2,265 630 3,621 43,709 282 509 (600) 4,200 112 1,119 507 3,269 56,885 477 526 23,382 764 79,350 37,562 764 106,021 6 Staff costs 2023 2022 Wages and salarles (Unrestricted funds) Wages and salaries (Restricted funds) 43,709 54,485 2,400 43,709 The average number of employees during the year was 2 (2022 - 2) No employee recelved employee benefits during the year (2022 - NII) 7 Trustee remuneration and expenses No trustees received any remuneratlon or relmbursement of expenses during the year (or the previous year).
The Edge Notes to the Financial Statements st Year ended 31 March 2023 8 Fixed asFAts Tenant Improvements Equlpment Totsl Cost At 1. April 2022 Additions Disposals At 31st March 2023 39,384 19,060 58,444 39,384 Depreciatlon At 1st April 2022 Charge for the year Eliminated on disposals At 3151 March 2023 29,916 16,769 764 46.685 764 47,449 Net book value At 31" March 2023 9,468 1,527 10,995 At 318t March 2022 9,468 2,291 11,759 9 Current 888ets 2023 2022 Bank Debtors and 36,787 9,487 46,274 28,495 7,982 36,477 repayments -10-
The Edge Notes to the Flnanclal Statements Year ended 31st March 2023 10 Creditors: amounts falling due withln one year 2023 2022 Accruals PAYE tax and NIC 2,754 1,492 4,246 2,884 1,294 4,178