Daneo Human and Splrltual Development Services Report and Flnancial Statements For the Year ended 31 March 2023 Income and Expenditurn Account Unrestrictsd funds Restrlcted funds Total funds 2023 Total funds 2022 NOTES INCOME Donations Income from charltable activitles Total Income 27,685 8.358 36.043 34.050 EXPENDITURE Cost of raising funds Expenditure on charitable activities Total expendlture 27,253 27,253 26.587 5.103 5.103 Not Incom• and movement In funds forthe year 432 3,255 4,348 RECONCILIATION OF FUNDS Non cash movement depreciation Totsl funds brought fonvard Total funds Carried forward 259 259 259 11,949 2,672 14.621 10.014 12.640 5,927 The statement of financial activities includes all gains and losses recognised in the year. All Income and expenditure deriv8 from continuing activities. By order of the board of trustoes Date >£> Daneo Human and Spntual Development Servlce$ Report8nd Fin8ndalS1atwn￿ts Forthe yearend￿ 31 March 2023 Daneo Human and Splrltual Development Servlcos R8port and Flnanclal Statéments For the Year ondod 31 March 2023 Statsment of Assets and Llabllitiès As at 31 March 2023 Unrestricted funds Restricted funds Total funds 2023 Total funds 2022 NOTES Cash funds Current acc Dovetail acc Petty cash Totsl 12.591 12,591 5,926 50 18.567 11,549 2,672 400 14.621 5,926 50 12.641 5,926 Assets retsined for the Charitys own use Flxtures and fittings 471 471 731 Net assots 13,112 5,926 19,038 15,352 Funds of the charlty Unrestricted income funds Restricted Income funds 13,112 13.112 12,680 5,926 5,926 5.926 19,038 2.672 15,352 13,112 By order of the board of trustees Date 17/,,1 Dan￿ Human and Swntual D&V￿0pment SeNic&s Reptsrt8ndFln8nclalSt8tements Forthe Yearended 31 March 2023 Daneo Human and Splrltual Development Services Raport and Financlal Statemonts For tho Year ended 31 March 2023 Notes to the Accounts 1. Accounting Policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: a) Basis of preparation The financial statements have been prepared in accordance wlth Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charilles preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2015) - (Charitles SORP (FRS 102)), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Daneo Human and Splrltual Development Serrfices meets the definition of a public benefit entlty under FRS 102. Assets and liabllltles are Initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). b) Preparation of the accounts on a going Gon￿rn basis Th& Charity reported an operating surplus of £3,687 for the year. The trustees are of the view that the charity is a going concem. c) Income Income is recognised when the charity has entltlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Incorne from government and other grants, whether 'capital' grants or 'revenue' grants, is recognlsed when the charlty has entltlement to the funds, any performance conditions attached to the grants have been rnet, it is probable that the income will be received and the amount can be measured reliably and is not deferred. d) Donated services and facilities Donated services and donated facilities are recognised as income when the charity has control over the item, any condltlons assoclated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economlc benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to th8 truste8s' annual report for mor8 information about their contribution. On receipt, donated servlces and donated facllltles are recognised on the basis of the value of the gifl to the charity which is the amount the charity would have been willing to pay to obtain services or facilitles of equivalent economic benefit on the open market; a corresponding amount is then recognls8d in expenditure in the period of receipt. D8n80 Human and Spithal Development Semces Report 8nd Rnanclal Statwnents For the Yearended 31 M8rch 2023 Daneo Human and Splrltual Development Services Report and Flnanclal Statements For the Year ended 31 March 2023 e) Interest recelvable Interest on funds held on deposit is included when receivable and Ihe amount can be measured reliably by the charity. this is normally upon notification of the interest paid or payable by the Bank. Q Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charty which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Trust's work or for specific projects being undertaken by the Trust. g) Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, It Is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headlngs: Costs of raising funds comprise of th8 costs of day to day running and maintenance of the bulldlng and associated services. Expenditure on charitable a¢tfvitles Includes the costs of perfomiances, exhibitions and other educational activities undertaken to further the purposes of the charty and their associated support costs. Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost agalnst the aclivity for which the expenditure was Inujrred. h) Tangible fixed assets Individual fixed assets costing £300 or more are capitalised at cost and are depreciated over their estimated usefvl economic lives on a straight line basis as follows: Asset Category Plant, equipment and motor vehicles Annual rate 10-33% Depreciation is not charged in the year of purchase. i) Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments wtlh a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. D8n80 Human and Spirftual I￿VelOpMent S&ryi¢es Report and Fin8nclal StatementsFor the Yearandad 31 M8rch 2023 Daneo Human and Spiritual Developmont Services Report and Flnanclal Statements For the Year ended 31 March 2023 2. Legal status of the Charity The Charlty Is registered with the Charlty Commission for Northarn Ireland and recognised as a Charlty with HM Revenue & Customs. In the event of the charity belng wound up. the liability in respect of the Trustees is limited to £1 per member of the charity. 3. Financial Perfonnance of the Charity Unrestricted Restricted Account Account Total 2023 Total 2022 EXPENDITURE Cost of raising funds Wages Contra Payrnents Rent Insurance Heat, light and power Repairs and renewals Postage and statlonery Cleaning and maintenance Legal and professional fees Telephone and Internet Bank fees Office supplies General expenses Depreciatlon Totsl cost of ralslng funds 8.590 8.590 8,194 290 7,800 583 3,999 403 292 1,767 295 1.991 138 369 207 259 7,800 640 7,800 640 4.994 623 243 1,673 348 1,714 131 104 133 259 27,253 623 243 1.673 348 1,714 131 104 133 259 27,253 Expenditure on charitable activities Counsellor fees Bank fees Total expenditure on charitable activities 5,040 63 5,040 3,070 45 5.103 5,103 3,115 Total expenditure 5.103 Daneo Human end S￿nt￿oI Developmenf Serw Report 8nd knndal Slalements For the Yearended 31 Ma￿h 2023 Daneo Human and Spiritual Development Servlces Report and Flnanclal Statements For the Year endèd 31 Pjlarch 2023 4. Cash funds Unrestricted Funds Restricted Funds Total 2023 Total 2022 Cash at bank 12,591 5,926 18.517 14,221 Petty cash 50 50 400 Totsl 12.641 5.926 18.567 14.621 5. Assets retained for the charity's own Fixtures Total flttings COST at beglnnlng of year Additions 1,297 1,297 COST at end of year 1,297 1,297 DEPRECIATION at beginning of year Charge for the year DEPRECIATION at end of year 566 566 259 269 825 825 Net Book Valug at 31 March 2023 472 472 Net Book Value at 31 March 2022 731 731 Daneo Human and Spntual Devwenl S8rvices Reportand Fin8nclal Stetwnents Forfhe Y88rendgd 31 March 2023