Daneo Human and Spiritual Development Services Report and Financial Stataments For the Yoar ended 31 March 2024 Income and Exp8ndlture Account Unrestrlcted funds Restricted fund5 Total funds 2024 Total funds 2023 NOTES INCOME Donation8 Income from charitable activitie5 Total income 30.505 30.505 500 500 31.005 31,005 36.043 36.043 EXPENDITURE Cost of raising funds Expenditure on charitable activities Total expendituro 30,797 30,797 27.253 4.776 4.776 5,103 30,797 35,573 Net income and movement In funds for the yoar 292 4,568 RECONCILIATION OF FUNDS Non cash movement Depreciation 364 364 259 Capital Addition (525) {525) Total fijnds brought forwar Total funds carrfed fonvard 12.640 5.927 18,567 14.621 12,187 1.651 13,838 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. By order of the board of trustees Date D8neo Human and Spintual Development S8rvioe$ Raport 8nd Flnand81 Ststwmnts For Yearended 31 March 2024 Daneo Human and Splrltual Development Servlces Report and Financlal Statemonts For the Year ended 31 March 2024 Statement of Assets and Llabllities As at 31 March 2024 Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 NOTES Cash funds Current acc Dovetail acc Petty cash Total 12.005 12,005 1,651 182 12,591 5.926 50 18,567 ,1.651 182 1.651 Assets retained for the Charity's own use Fixtures and fittings 631 631 471 Net assets 12,818 1,651 19.038 Funds of the charlty Unrestricted income funds Restrl¢ted income funds 12,818 12,818 13,112 1,651 1,651 1,651 5,926 By order of the board of trustees Date ¥J,,l D8neo Human ènd ￿ntUal Development SeNlce8 Report and Finandal Ststements ￿ the Yeeronded 31 March 2024 Daneo Human and Spiritual Development Services Roport and Financlal Stat6m8nts For the Year onded 31 March 2024 Notes to the A¢¢ounts 1. Accounting Pollcles The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial ststements are as follows: a) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Daneo Human and Spiritual Development Serrfices meets the definition of a public benefrt entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accountlng policy note(s). b) Preparation of the aGcounts on a going concem basis The Charity reported an operating deficlt of £4,568 for the year. This was funded from reserrfes. The trustees are of the view that the charity is a going concem. c) Income Income is recognis8d when the charity has entitlement to the funds, any performance conditlons 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. Income from government and other grants, whether 'capital' grants or 'revenue' grants, Is recognised when the charity has entltlement to the funds, any performance conditions attached to the grants have been met, 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 facilsties are recognised as income when the charity has control over the itern, any conditions associated 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 economic 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 the trustees, annual report for more information about their contribution. On receipt, donated services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtsin services or facilities of equivalent economic benefit on the open market., a corresponding amount is then recognised in expenditure in the period of receipt. Den80 Human and Sorftual Developmenl S8rvices Report 8nd Flnancial Statements For the Yearended 31 M8rch 2024 Daneo Human and Spiritual Develownent Servlces Report and Flnancial Statements For the Year ended 31 March 2024 e) Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the chartty. this is nomially upon notification of the interest paid or payable by the Bank. fj 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 charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations whiGh 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 15 probable that setuement will be required and the amount of the obligation can be measured reliably. Expendlture is classified under the following actlvlty headings: Costs of raising funds comprise of the costs of day to day running and maintenance of the building and associated services. Expenditure on charltable activities includes the costs of performances, exhibitions and other educational actlvltles undertaken to further the purposes of the charty and their associated support costs. other expenditure represents those items not falling into 8ny other heading. Irrecoverable VAT Is charged as a cost agalnst the activity for which the expenditure was incurred. h) Tanglble fixed assets Individual fixed assets costing £300 or more are capltallsed at cost and are depreciated over their estimated useful economic INes on a slraight line basis as follows: Asset Category Plant, equipment and motor vehicles Annual rate 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 with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Dan&0 Human and Spntual Devwenl Serwces Raport and Finand81 St8tgm¢nts Forthe Yearended 31 March 2024 Daneo Human and Spiritual Development Services Roport and Flnanclal Statements For the Year ended 31 March 2024 2. Legal status of the Charlty The Charity is reglstered with the Charlty Commission for Northem Ir8land and recognlsed as a Charity with HM Revenue & Customs. In the event of the charity being wound up, the liabillty in respect of the Trustees is limited to £1 per member of the charity. 3. Financlal Perforniance of the Charlty Unrestricted Restrlcted Account Aocount Total 2024 Totsl 2023 EXPENDITURE Cost of raising funds Wages Contra Payments Rent Insurance Heat, Ilght and power Repairs and renewals Postage ar￿ stationery Cleaning and malntenance Legal and professional fees Telephone and internet Bank fees Office supplies General expenses Depreciation Total cost of ralslng funds 12,337 12.337 500 7,800 10,150 soo 7,800 642 5,093 7ee 180 438 348 1.524 133 60 612 364 30.297 7,800 640 5,093 766 180 438 348 1,524 133 60 612 364 30,797 623 243 113 348 1,714 131 104 133 259 27,253 500 Expenditure on Gharltable activities Counsdlor fees Bank fees Total Oxpendlture on charltable activities 4,720 56 4,720 56 5,040 63 4776 4,776 5,103 Total expenditure 30,296 5.276 35,572 31356 Dan80 Human and Splrftual Devèlopment Sfjrwces Report and Flnandal Statements Forthe Yearendèd 31 M8rch 2024 Daneo Human and Spiritual Development Servlces Report and Financial Statoments For the Year ended 31 March 2024 4. Cash funds Unrestricted Funds Restrictod Funds Total 2024 Total 2023 Cash at bank 12,OOS 1,651 13,656 18,517 Petty cash 182 182 50 Total 12.187 1.651 13,838 18.567 5. Assets retained for the charity's own use Fixtures Total fittings COST at beginning of year Addltions 1,297 525 1,297 525 COST at end of year 1,822 1,822 DEPRECIATION 8t beglnnlng Of year Charge for the year DEPRECIATION at end of year 827 827 364 1,191 1,191 Net Book Valu• at 31 March 2024 631 631 Net Book Valu8 at 31 March 2023 471 471 Dan80 Human and Spifftu81 Developm&nl S8rvlce8 Report and Fu￿n¢181 St8tsmenl$ Forthe yearend￿ 31 March 2024