Charity reglstratlon number: 100853 The Edge Flnanclal Statements Year ended 31st March 2024
The Edge Financial Statements Year ended 31st March 2024 Contents Page Officers, Report Independent Examinerfs Report statement of Financial Activities Statement of Financial Position Notes to the Financial Ststements 6-10
The Edge Officers, report The officers of The Edge present their report and financial statemenls of the charity for the year ended 31 St March 2024. References and administratlve details Registered charity name: The Edge Charty registration number 100853 Principal office: PO Box 18. Windmill Street, Ballynahinch, Co Down, BT24 8Yr. Officers Mrs Erin Nixon {Chairper60n) Mr David Brown Mrs Helen Clarke Mr Peter Crory Mr Ken Foster Mr Terry Hilland Mr Joshua Martin Mrs Wanda Rodgers Mr Philip Roy Structure, governance and management The day to day operation of The Edge is carried out by the employees of the charity and in turn this is overseen by the Trustees who are drawn from Churches in and around Ballynahinch. The Edge exists to empower young people and the wider communty to achieve their full potential spiritually, mentally, socially and physically. The officers, annual report was approved on 19th November 2024 and signed on behalf of the board of trustees by: rs Erin Nixon (Chairperson)
The Edge Independent examinerfs report to the officers of The Edge I report on the financial statements for the year ended 3151 March 2024 which comprises the attached Statement of Financial Activities, Slatement of Financial Posits'on and all supporting Notes to the Financial Statements. Respective rasponsibllitles of charity officers and examiner As the charity's officers you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility as Independent Examiner to: examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under section 65{9)(b) of the Charities Act state whether particular matters have come to my attention. Basls of Independent examlnerfs report I have examlned your charity accounts as required 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 Northem 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 officers concerning 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 not accord with those accounting records Contlnued:
The Edge Independent examlner's report to the officers of The Edge Contlnued: 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further infonnation needed for a proper understanding of the accounts to be reached. Ind8pendant examinef s statement I have completed my examination and have no concems 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. Date tephen Huddle on (FCA) S Huddleston Chartered Accountant 1 Bramble Hill Lane Hillsborough BT26 6FQ
The Edge ststement of Financial Activitles Year ended 31st March 2024 Note Unrestricted Restrlcted Total funds funds 2024 Total 2023 Income Donations, Gift Aid reclaims, grants and funding awards 76,127 13,557 89,684 87,926 Charitable activities 250 250 300 Investment income 155 76,532 155 90,089 89 88,315 13,557 Expendlture Expenditure on charitable activities 5&6 (68,745) 13,557 (82,302) (79,350) Surplus l (Deflclt) for the ear 7,787 7,787 8,965 Reconclllatlon of funds Total funds brought fonNard 53,023 53,023 44,058 Surplus l (Deficit) for the year 7,787 7,787 8,965 Total funds carried foThvard 60,810 68,010 53,023 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure has been derived from continuing activities.
The Edge Statement of Financlal Posltlon as at 31 st March 2024 Note 2024 2023 Flxed assets 160,231 10,995 Current assets Creditors: amounts falling due wlthln one ear Net current assets 54,297 46,274 10 (3,718) 4,246 Total net assets 210,810 53,023 Reserves Total reserves brought forward Premises valuation Surplus I Deficit) for the year Total reserves carried forward 53,023 150,000 7,787 210,810 44,058 8,965 53,023 These financial statements were approved by the board of trustees and authorised for issue on 19th November 2024. and are signed on behalf of the board by: Mrs Erin Nixon (Chairperson)
The Edge Notes to the Financial Statements Year ended 31st March 2024 1 Statement of compliance These accounts have been prepared in compliance with FRS 102, The Flnancial Reporting Standard applicable in the UK and Republic of Ireland, Charities SORP (FRS 102), the Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Charities Act (Northern Ireland) 2008. 2 Accounting policies Basis of preparatlon 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 material uncertainties about the charity's ability to continue. Fund accountlng Unrestricted funds are avallable for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked 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 tenms of an appeal. Deprnclatlon Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Tenant improvementslPremises Equiprnent No depreciation required in cuent year 20 % straight line
The Edge Notes to the Financial Statements Year ended 315t March 2024 3 Donations etc 2024 2023 ndividuals Churches (Unrestrfcted funds) Churches (Restricted funds) Gift Aid reclaims Grants and funding awards (Unrestricted funds) Grants and funding awards (Restricted funds) 49,664 15,825 2,500 9,758 880 11,057 89,684 47,922 12,700 1,550 9.487 1,877 14,390 87,926 4 Charitable activities 2024 2023 Sale of goods (Confectionery etc) 250 250 300 300
The Edge Notes to the Flnancial Statements Year ended 31st March 2024 5 Expenditure on charitsble actlvltles 2024 2023 Rent Bank charges Heat and light Telephone and internet Insurances staff costs General adrninistration expenses Professional fees (prowsion written-off) Repairs, maintenance, cleaning and sundry equipment, Activity Week. Mission Week, T:BUC, other events and programme costs Depreciation 4,583 109 1.994 582 3,848 47,169 712 4,667 121 2,265 630 3,621 43,709 509 (600) 22,541 764 82,302 23,664 764 79,350 6 Staff costs 2024 2023 Wages and salarles Unrestricted funds 47,169 43,709 The average number of employees during the year was 2 (2023 - 2) No employee reiVed employee benefits during the year (2023 - Nil) 7 Trustee remuneratlon and exponses No trustees received any remuneration OT reimbursement of expenses during the year (or the previous year).
The Edge Notes to the Flnancial Statements Year ended 31 March 2024 8 Fixed assets Tenant Improvements Ipremlses Equlpment Total Cost At 1" April 2023 Additions (valuation) Disposals At 3151 March 2024 39,384 19,060 58,444 150,000 150,000 189,384 19,060 208,444 Depreclatlon At 181 April 2023 Charge for the year Eliminated on disposals At 31st March 2024 29,916 17,533 764 47,449 764 29,916 18,297 48,213 Net book valu8 At 31° March 2024 159 468 763 160 231 At 31Jt March 2023 9 Current assets 2024 2023 Bank Debtors and prepayments 35,052 19,245 54,297 36,787 9,487 46,274
The Edge Notes to the Financial Statements Year ended 31st March 2024 10 Credltors: amounts falling dug withln one year 2024 2023 Accruals PAYE tax and NIC 3,625 93 3,718 2,754 1,492 4,246 10-