The World of Owls Company Limited by Guarantee Statement of Financial Activities {including income and expenditure account) 31 July 2024 2024 2023 Unrestricted funds Total funds Total funds Nole Incomo and Ertdowments Donations, Legacies and Grants Investment Income 43.755 43,755 39,785 Total Incomo 43.755 43.755 39.785 Expenditure: Expenditure on raising funds.. Costs of raising donations. legaaes and grants Costs of other trading activities Expenditure on charitable activities 9.096 2,454 42,247 9,096 2.454 42,247 8,548 2.215 29,729 9.10 Total Expenditure 53,797 S3,797 40,492 Net (expenditu￿>11ncorne and nel movement in funds -10.042 -10,042 -707 Ro¢onciliation of funds Total funds brought forward Total funds carried forward 18.398 8.356 18,398 8,356 The statement of financial activities includes all gains and h)sse$ recognised in the year. All Income and expenditure derive from continuing activities. The notes on pages 8 to 16 fom) part of these financial statement The World of Owls Company Limited by Guarantee Statement of Financial Position 31 July 2024 2024 2023 Fixed Assets Tangible fixed assets 16 7.763 Current Assets Stocks Cash at bank and in hand 17 19.303 7.1CK) 19,200 21.320 Total Current Assets 26.403 40.520 Liabilities.. Creditors= amounts falling due within one year Other creditors including taxal￿n and social security Accruals and deferred income 18 22.460 750 26,635 750 23,210 27.385 Net current asscsts 13,135 Tolal assets less ¢urrenl liabililies 10,956 22.898 Creditors.. Amounts falling due after more Ihan one year 19 2.6Crf) 4.500 Total net assets 8.356 19,105 Funds of the charity Unrestricted funds 8.356 19,105 Total charity funds 20 8.356 19.105 For the year ending 31 July 2024 the charity was entitled to eXeMpt￿n from audrt under section 477 of the Companies Act 2006 relalino to srnall companies Directors, responsibilities.. The members have not required the ccmnpany to obtain an audit of Ils financial slalemenls for the year in Question in accordance with section 476". The directors acknowledge their responsibilities for complwng with the requirements of the Act with respect to accounlinq records and the Dreparalion of financial statements. These financial statements have been prepared in accordance with the provisions aoplicable to companies gubiect to the small ComDan￿s. reoime. The notes on pages 8 to 16 form part of these financial statement The World of Owls Company Limited by Guarantee Statement of Financial Position (continued) 31 July 2024 These financial statements were approved by the board oftrustees and authorised for issue on 1111112024 and are signed on behalf of the board by". Mr Michael Gi Trustee The notes on pages 8 to 16 form part of these financial statements. The World of Owls Company Limited by Guarantee Notes to the Financial Statements Year ended 31 July 2024 General information The charity is a public benefit entily and a private company limited by guaranlee. regislered in Northern IreL8nd and a registered charity in Northern Ireland. The address of the registered office is wor￿ of Owls Cenlre. 32 Mountshalgus Lane, Randalstown. Co Anlrim. BT41 3LE, Norlhern Irdand Statement of coTnplianGv These financial staiements have been prepared in compliance wrth FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Slatemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {Charities SORP IFRS 1021) and the Companies Act 2006. Accounting policies Basis of prÈparation The financial statemenls have been prepared on Ihe historLal cost basis, as modified by the revaluation of certain financial 855ets and liabilrties and investment properties measured al fair value through income or expendrture. The financial statements are prepared in sterling. which Is the functional currency of the entrty. Going concern There are no material uncertainlies about the charity s abilty lo continue. Dlsclosure exemptions The entrty satisfies the criteria of being a qualifying entity as defined in FRS 102. As such. advantage has been taken of the following disclosure exempl¥)ns available under paiagraph 1.12 of FRS 102.. 12> No cash flow stateme.nt has been presented for the corllpany. (bl Disclosures in respect of financial insiruments have not been presented. Judgements and key sources of eslimation uncertainty The preparation of the financial statements requires management to make judgements. e51imales and assumptions that affect the amounts reported. These estimates and jutsgernenls are continually reviewed anol are based on experience and olher factors, including expectation5 of future evenls that are believed to be reasonable under the circumstsnces. The World of Owls Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 July 2024 Accounting policies (conlinuedl Fund accounting Unreslricled funds are available for use al the discrelk)n of the trustees lo further any of the charity's purposes. Designated funds are unrestr￿ted funds eamarked by Ihe trustees for particular future project or commitment. Restricted funds are subjected to restridions on their expenditure declared by the donor or through Ihe lems of an appeal. and fall into one of two sub-classes restricted income funds or endowrnenl funds. Incoming resources All incoming resources are included in the staternent of financial activities when entitlement has passe¢Y to the charity,. rt Is probable thai the ecor¢omic benefits associated with tlie li