Charity registration number NIC101042 Company registration number N1048888 (Northern Ireland) FAUGHANVALE COMMUNITY PROJECT LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FAUGHANVALE COMMUNITY PROJECT LIMITED CONTENTS Page Charity Informalion Trustees, report Independent examinerfs report Statement of financial activities Balance sh9et 10 Notes to the financial statements
FAUGHANVALE COMMUNITY PROJECT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees M Moore M Watson Rev N McDemott R Logue Rev J L Blair Rev D P Hoey Secretary M Watson Charity number NIC101042 Company number N1048888 Registered office Unit 11 16 Vale Centre Clooney Road Greysteel Londondery BT47 3GE Independent examlner M¢)ore (Nl) LLP 21123 Clarendon Street Londonderry BT48 7EP Bankers Danske Bank 27 Glenshane Road Altnagelvin Londondery BT47 2LN
FAUGHANVALE COMMUNITY PROJECT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their report and accounts for the year ended 31 March 2023. The Trust is a charitable company limited by guarantee and accepted as a charity by HM Revenue and Customs under reference X042994. Th8 financial statements have been prepared in accordance with th8 accounting policies set out in note 1 to the financial statements and comply with the charity's governing doctsmènt, the Companiès Act 2006 and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) las amended by 'Amendments lo FRS 102 Triennial Review Incremental improvements and clarifications" for accounting periods commencing from l January 2019).. Oblectlves and actlvlties The charity's objects are to promote the benefit of the inhabitants of Faughanvale and its surroundlng areas, to provide day care to the elderly. young physically disabled. people with learning disabilities and mental health problems, as well as r8creation and leisure facilities in the interests of social welfar8 and educalion and there has been no change in these during the year. The charities main activities are day care and Moving On Programmes. The weekly activities in the day centre are essential skills . English, Maths. educational. work experience, introduction lo busines5 activilies, arts and crafts, cookery. drama workshops. environmentsl prograrnm8s, leisure activities and outings to places of interest, The charity also provides freshly made meals to all the users of the seNice. Public Beneflt The objectives of the Trust are as listed above. The Trust has considered the UK Ch8rity Commission's guidance on public benefit and plans lo ensure that it provides public benefit and achieves its objectsves as set out in the Trust's Memorandum and Articles of Association. The direct benefits to the individuals using the seNice include.. The promotion of social interaction and combating loneliness., Creating a sense of belonging., Stimulating the development of individuality and choice.. and Supporting and developing essential life skills encouraging Independenc8. The trustees give careful consideration to accessibility for all withoul discrimlnation on grounds of polltlcs, religlon, race, sexual origination, social or economic background. The Trustees have a180 taken cognisance of the UK Charity Commlsslon's Guidance on Public Benefit and plans to ensure that thls is achieved within our objectives as set out in the Trust's Memorandum and Articles of Association. To further this, Faughanvale Community Project has exlended its range of contact and invitation to the wider EglintonlGreysteel community to engage in FCP activities, entertainment, in-house training for our staff and service users and work experience. This is increasingly being taken up and benefits the wider community and seNlce users in lerms of wider social integration beyond the centre and family. The nature of such involvèment includes.. Educational programme5 Music and drama Arts and crafts Sports activities Diversional activities Planned outings The public benefit sought is attained through working in partnership with various statutory and educational bodies, social enterprises, voluntary agencieslgroups. businesses and schools.
FAUGHANVALE COMMUNITY PROJECT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The statutory. Educational. Training bodies and agencies include: Westem Health and Social Care Trust,. Regulation and Quality Improvement Agency IRQIA)" Police Service of Northem Ireland (PSNI)., Northern Ireland Social Care Council" North West Regional College: Mark Mcchrystsl Training Consultancy: MTA Training Services. Social Enterprises with which we share many objectives hence exchange Ideas and opportuntties to benefit service users and the wider community indude, hence public benefft: Greysteel Enterprise (The Vale Centre). Greysteel Communty Association", Eglinton Community Association. Eglinton. Voluntary Agencies and organisations visit and interact with our service users. participating and volunteering in Our planned activities throughout the year. for example: Women's Institute. Eglinton; St Vincent de Paul., Presbyterian Women's Association (PWA). Mother's Union., Men's Shed, Eglinton. Businesses provide work experience for our Moving On Programme. They also participate in planned activities including our 'out of hours, entertainments such as Easter, Halloween and Christmas. The businesses are: Nicholl Fuel Oils; Nicholl Supermarket; Braidwater Enterprises. Hogg & Mitchell Enterprises,. W J O'Brien & Son, Funeral Directors,. Alec Orr Motors. The opportunity for work experience supports public benefit. The service users are increasingly contributing within the community through their increased involvement Viith the above and the training opportunities available in FCP thus lending to the public benefit. Achievements and perfomiance During the financial year to 31 March 2023 Faughanvale Communty Project continued to achieve its objective to provide day care to the eldedy and disabled. The centre was able to provide care 3 days per week to a number young disabled persons, people with learning difficulties and the Elderly. Faughanvale Community Project also prowded meals on wheels throughout the full year, servicing 40 people per day, 4 days per week. A luncheon club was held one day per week when up to 10 people from the local community Join our service users for lunch and entertainment. Financlal review The results for the year are set out on page 7. Total incoming resources for the year were £164.266 (2022 - £162,685) of which 850A was generated from Westem Trust contracts. Total resources expended were £184.815 {2022 - £156,331) of which 100% was expended on direct charitable activities. The balance of total funds at the year end was £218,141 of which £113,422 was unrestricted, £2,683 was restricted and £102,036 was desi9nated in nature. Reserrfes policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to betsveen three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a signrficant drop in funding, Ihey will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Trust aims to continue to increase its reserves to ensure the stsbility of its services, employment and everyday operations of the organisation. The trustees have assessed the major risks to which the diarity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
FAUGHANVALE COMMUNITY PROJECT LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Structure, governance and management The charily is a company limited by guarantee and accepted as charitsble by HMRC under reference X042994. The company was incorporated on 30 November 2003 and is governed by its Memorandum and Articles of Association, The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of sigrsature of the financial statements were: M Moore M Watson Rev N McDermott R Logue Rev J L Blair Rev D P Hoey Recrultment and appolntment of Trustees The Charity Trustees are also Directors of the company. A Trustee is initially elected by the Board in accordance with the Memorandum and Articles ofAssociation. Under the requirements of the Memorandum and Articles of Association unless otherwise determined by the company in a General Meeting, th8 number of Trustees shall not be less than three. In the financial year no new Trustees w8r8 appointed and none resigned. The Board as a whole was approved by the AGM and continues to monitor its membership. None of the trustees has any benefi¢ial interest in the company. All of Ihe trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The Board of trustees which administers the Trust meets throughout the year as required.
FAUGHANVALE COMMUNITY PROJECT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Statement of trustees. responsibilities The trustees, who are also the directors of Faughanvale Communty Project Limited for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently: - observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent. slate whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial ststements; and prepare th8 financial statements on the going concem basis unless it is inappropriate to presume that th8 charity wlll continue in operation. The trustees are responsible for keeplng adequate accounting records that disclose wlth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities.
FAUGHANVALE COMMUNITY PROJECT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The trustees, report was approved by the Board of Trustees. M Moore Trustee Dated.. 21 December 2023
FAUGHANVALE COMMUNITY PROJECT LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAUGHANVALE COMMUNITY PROJECT LIMITED We report to the trustees on our examination of the financial statements of Faughanvale Community Project Limited (the charity) for the year ended 31 March 2023. Responsibilities and basis of report As the trustees of the charity (and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordan with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied ourselves that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, we report in respect of our examination of the charity's financial statements carried out under section 65 of the Charities Act. In carrying out our examination we have followed all the applicable Directions given by the Charity Commission for Northem Ireland under section 65(9){b) of the Charities Act. Independent examinerfs statement We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial statements do not accord with those records" or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an Independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparrng their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102). We have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Moore (Nl) LLP 21123 Clarendon Street Londonderry BT48 7EP Dated.. 21 December 2023
FAUGHANVALE COMMUNITY PROJECT LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Current flnanclal yèar Unrestricted Unrestricted Restrlcted funds funds funds general [descriptlon] 2023 2023 Total Total 2023 2023 2022 Notes Income fro Grants and donations Charitable activities Investments 125,814 14,689 355 23,408 149,222 14,689 355 146,481 16,066 138 Total Income 140,858 23,408 164,266 162,685 Ex enditure on: Charitable advities 159,510 4,580 20.725 184,815 156,331 Net lexpèndltureylncome for the yearl Net movement In funds (18,652) (4.580) 2,683 120,549) 6,354 Fund balances at 1 April 2022 132,075 106,617 238,692 232,338 Fund balances at 31 March 2023 113,422 102,036 2,683 218,141 238,692 The statement of financlal actlvllies Includ85 all gains and losses recognised in the year. The ststement of flnancial actlvities includes all gains and Ioss8s recognised In the year. All income and expenditur8 derive from continuing actlvitles. The stalement of flnanclal actlvltles also complies with the requirements for an income and expenditure account under the Companies Act 2006.
FAUGHANVALE COMMUNITY PROJECT LIMITED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Prlor financial year Unrestricted Unrestricted Restricted funds funds funds general [description] 2022 2022 Total 2022 2022 Notes Income from.. Grants and donations Charitable activities Investments 127,085 16.066 138 19,396 146,481 16,066 138 Totsl income 143,289 19.396 162.685 enditure on: Charitable activities 132,247 4,688 19,396 156,331 Net (expenditure)lincome for the yearl Net movement in funds 11,042 (4,688) 6,354 Fund balances at 1 April 2021 121,033 111,305 232,338 Fund balances at 31 Mah 2022 132,075 106,617 238,692 The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continulng activities. The statement of financAal activitles also complies with the requirements for an intxjme and expenditure account under the Companies Act 2006.
FAUGHANVALE COMMUNITY PROJECT LIMITED BALANCE SHEET AS AT31 MARCH 2023 2023 2022 Notes Flxed assets Tangible assets 11 110,450 115.068 Current assets Debtors Cash at bank end in hand 12 3,872 112,935 1,568 132,847 116,807 134,415 Credltors: amounts falllng due wlthln one year 13 19,116) 110,791) Net current assets 107,691 123,624 Total a$s8ts less current Ilabllltl•s 218,141 238,692 Income funds Restric18d funds Unrestricted funds - Idescrfptlonl Unrestricted funds - general 15 16 2,683 102,036 113,422 106,617 132,075 218,141 238,692 The company is entitled to the exemplion from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023. The directors acknowledge their responsibililies for complying wlth the requirernents of the Companies Act 2006 with respecl to accounting records and the weparation of financial stalements. The members have not required the company to oblain an audit of its financial statements for the year in question in accordance with s8Ction 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 21 December 2023 M Moore Trustee Company reglstratlon number N1048888 10-
FAUGHANVALE COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Charity inforniation Faughanvale Community Project Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Unit 11- 16 Vale Centre. Clooney Road. Greysteel, Londondery, BT47 3GE. 1.1 Accounting Convention The financial ststements have been prepared in accordan wilh the charity's goveming document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entrty as defined by FRS 102. The charity has taken advantsge of the provisions in the SORP for charities not to prepare a Ststement of Cash Flows. The financial ststements are prepared in sterling, which is the functional currency of the charity. Monetsry amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable fvnds Unrestricted funds are available for use at the discretion of the tnjstees in furtherance of their charitable objectives. Designated funds Comprlse funds which have been set aside at the dis¢tion of the Trustees for specific purposes. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the finanrAal ststements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditlons have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donatrons are recognised once the charity has been notified of the donation, unless perforynance conditions require deferral of the amount. Income tax remverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Investment income represents bank interest re4vable during the year. Incoming resources from charitable activities consists of income generated from day centre activities held at the centre during the year. 1.5 Expenditure Expenditure is recognised On there is a legal or constructive obligation to make a payment to a third paty. it Is probable that settlement wll be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes the costs of services undertaken to fijrther the purposes of the charity and their associated support costs. 11
FAUGHANVALE COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng policies (Continued) 1.6 Tanglble fixed assets Tangible fixed assets are initially measured 81 cost and subsequently measured at cost or valuation, net of depreciatlon and any impairment losses. Depreciation is recognised so as to writ8 off the cost or valuation of ass81s less their residual values over their useful lives on the following bases: FehOld land and buildlngs Fixtures and fittings Motor vehicles 2Yo straight line 100/• Straight line 25°k reducing balance The gain or loss arising on the disposal of an asset is detemined as the difference beeen th8 sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalrment of flxed assets At each reportino end date, the charity reviews the carying amounts of its tanglble assets to det6rmlne whether there is any indi¢ation that those assets have suffered an Impalrment loss. If any such indication exists, the r8coverable amount of th8 assel is estimated in order to determlne the extent of the Impalrment loss lif any). 1.8 Cash and cash equivalent$ Cash and cash equivalents include cash in hand, deposits held at call wlth banks. other short-term liquid investments wilh original maturities of three month5 or less, and bank overdfafts, Bank overdrafts are shown within borrowings In current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Sectlon 11 '8aslc Financial Instruments, and Sectlon 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are r8cognlsed in the charity's balance sheet when the charlty becomes p8rty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented In the flnancial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realis8 the asset and settle the Ilability simultaneously. 8aslc flnanclal assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is rneasured at the present value of the future receipts discounted at a market rate of inter8St. Financial assets classified as receivable within one year are not amortised. 12-
FAUGHANVALE COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting polt¢ies (Continued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction Pri unless the arrangement Constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instnjments are subsequently carried at amortised cost, using the effective interest rate method, Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassffied as current liabilities if payment Is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are r8cognised initially at transaction price and subsequentiy measured at amortised cost using the effective interest method. Der0gnAtIon of flnanclal Ilabilities Financial liabilities are deCOgniSed when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Taxation The company is a charty and is recognised as such by HM Revenue & Customs under the charity tax reference X04994. As a result, there is no liability to taxation on any of its income. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are recetved. Termination benefrts a recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or lo provide termination benefits. 1.12 Retirement beneffts Payments to defined contrrbution retirement benefit schemes are charged as an expense as they fall due. Critlcal accountlng estirnates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that a not readily appant from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimales. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is vISed where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Grants and donations Unrestricted Restricted funds funds general 2023 Totsl Unrestricted Restricted funds funds general 2022 Total 2023 2023 2022 2022 Grants receivable 125,814 23,408 149,222 127,085 19,396 146.481 13-
FAUGHANVALE COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Grants and donations {Continued) Grants recelvable for core actlvities Western Trust Contract other 125.814 14.529 8.879 140,343 8,879 121,045 6,040 13,978 5,418 135,023 11,458 125,814 23,408 149,222 127.085 19,396 146,481 Income from charltablè activitles Unreslrl¢ted funds 2023 Unrestrlcted funds 2022 Headlng #ac989 Day Centre Income 14,689 16,066 Incomè from Inve8tmenls Unrnstricted Unrèstrlcted funds fund8 2023 2022 Interest receivable 355 138 14-
FAUGHANVALE COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Expenditure on charitable activities Heading
ac982
2023 Heading
ac982
2022 Direct costs Staff costs Depreciation and impairnient Day centre food & consumables Craft & workshop costs Staff training Minibus running costs 96,821 4,618 18,074 3,131 2,680 12,588 77,395 4,739 14,962 350 5,742 10,489 137.912 113,677 Share of support and governance costs (see note n Support Governance 44,503 2,400 40,524 2,130 184,815 156,331 Analysls by fund Unrestricted funds Unrestricled funds - Heading #ac997 Restricted funds 159,510 4,580 20,725 132,247 4,688 19.396 184,815 156,331 15-
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FAUGHANVALE COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Trustees Key management are deemed to comprise the Trustees. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. One of the Trustees received a remuneration for their role as the bookkeeper and administrator of all charity activities. Employees The average monthly number of employees during the year was: 2023 Number 2022 Number Employees Employment costs 2023 2022 Wagès and salari8S Other pension costs 92,741 4,080 74,682 2.713 96,821 77,395 There were no employees whose annual remuneration was £60.000 or more. 10 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 17-
FAUGHANVALE COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Tanglble flxed assets Freehold land Flxtur•$ and Motor v•hlcl•$ and bulldings fittlngs Totol Cost At 1 April 2022 Disposals 160,851 48.817 (27,191) 26,885 236,553 {27,191) At 31 March 2023 160,851 21,626 26,885 209,362 Depreclatlon and Impairrnent At 1 April 2022 Depreciation charged in the year Elimin8ted in respect of dlsposals 53,442 3,217 41,310 1,363 {27,191) 26,733 38 121,485 4,618 127,191) At 31 March 2023 56,659 15,482 26,771 98,912 Carrylng amount At 31 March 2023 104,192 6,144 114 110,450 At 31 March 2022 107,409 7.508 151 115,068 12 Debtors 2023 2022 Amounts falllng due wSthln one year: Other debtors Prepayments and accrued income 2,240 1,632 1,568 3,872 1,568 13 Credltors: amounts falllng due withln one year 2023 2022 Other taxation and social security Trad& creditofs other creditors 1,193 4,615 3,308 1,063 6,964 2,764 9,116 10.791 14 Retlrement beneflt schomes Defined contributlon schemes The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to profit or loss in respect of defined contribution schemes was £4,080 (2022 - £2,713). 18-
FAUGHANVALE COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 15 Restrlcted funds The restricted funds of the charity MpriSe the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2022 Incoming resources Resources At 31 March expended 2023 23,408 (20,725) 2,683 Prevlous year: At 1 April 2021 Incoming resources Resources At 31 March expended 2022 19,396 (19,396) 16 Unrestricted funds - These are unrestricted funds which are material to the charivs activities. At 1 Aprll 2022 Resources At 31 March expended 2023 106,616 (4,580) 102,036 Previous year: At 1 Aprll Resources At 31 March 2021 expended 2022 111,305 (4,688) 106,617 17 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes, At 1 April 2022 Incomlng Resources At 31 March resources expended 2023 Generdl fvnds 132,074 140,858 (159,510) 113,422 19-
FAUGHANVALE COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 Unrestricted funds (Continued) Previous year: At 1 Aprll 2021 Incoming resour¢es Resources At 31 March expended 2022 General funds 121,033 143,289 (132,247) 132,075 -20-
FAUGHANVALE COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 19 Related party transactlons