Company Number: N1062968 Charity Number.. NIC101118 ? incredAE)LE inspire . empower . include incredABLE (A company limited by guarantee, not having a share capital) Annual Report and Audited Financial Statements for the financial year ended 31 March 2023 Daly Park & Company Ltd Chartered Accountants and Registered Auditors 4 Carnegie Street Lurgan Co. Amiagh BT66 6AS Northern Ireland
incredABLE IA Company Ilmited by guaranteg. not having a Share capltsl) CONTENTS Page Reference and Administrative Information Trustees, Annual Report 4-10 Statement of Trustees, Responsibilities 11 IndependentAuditorfs Report 12-14 Statement of Financial Activities 15 Balance Sheet 16 ststement of Cash Flows 17 Notes to the Financial Statements 18-23
incredABLE IA company limited by guarantee, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Michael Joseph Best Susan Margaret Best Kathleen Elizabeth Courtenay Edwin Graham Peter Hanna Deborah Suzanne Hoy Wlkinson David Hughes Lisa Mallon Anne Mairead McAlinden Emma Louise Mooney Carla Smyth Dr Alan Manson Turtle Company Secretsry Mr. Nigel Robert Hampton Charity Number in Northern Ireland NIC101118 Company Number N1062968 Registered Office and Principal Address 162 Portadown Road Richhill Co. Armagh BT619LJ Northern Ireland Auditors Daly Park & Company Ltd Chartered Accountants and Registered Auditors 4 Camegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Bankers Danske Bank 39 Market St Lurgan Co. Armagh BT66 6AB Northem Ireland
incredABLE IA company lirnited by guarantee. not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 The trustees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and the audited financial statements for the financial year ended 31 March 2023. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the company are also charity irustees for the purpose of charity law and under the company's constitution are known as members of the board of truslees. In this report the truslees of incredABLE present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2023. The company is a registered charity and hence the report and resulls are presented in a form which mplIeS with the requirements of the Companies Act 2006 and, although nol obliged to comply with the Statement of Recommended Practice (Charities SORP effective January 2015), the organisalion has implemented its recommendations where relevant in these financial statements. Structure, Governance and management The charity was set up in February 2007 as a company limited by guarantee constituted under the Companies Act 2006 and is also registered with the Charity Commission for Northern Ireland as charitable company under ref NIC101118. The company is governed by its Memorandum and Articles of Association with the principal office of the company located at 162 Portadown Road, Richhill. The trustees of the company are its directors for the purposes of charity law. IncredABLE is managed by a board of voluntary trustees with experien working in the charitable sector. Trustees are elected and appointed each year and can include representatives from some of Ihe regional statutory agencies with experience working with individuals with autism I leaming difficulties. Trustees receive an induction process which includes an explanation of the current and future plans for activity within the charity and guidance on governance and responsibilities of a trustee. The day to day management of incredABLE is delegated to a management team headed by Nigel Hampton, CEO, which reports to the Board on a regular basis. The charity's main risk assessed by the board is cashflow and the ability of the company to meet payments when they fall due. A resetves policy has been developed to help smooth cashflow pressure in circumstances where fijnding ceases or is delayed. Review of Activities, Achievements and Perfomiance Chief Executives Foreword Dear friends, supporters, and members of the incredABLE community, As we reflect on the athievements and challenges of the past financial year, it is my honour to present this forward for the 2022-23 financial year. The year gone by was marked by resilience. adaptation, and the unwavering commitrnent of our incredABLE community in the face of the lingering impacts of the Covid-19 pandemic. Our collective efforts enabled us to rebuild and. with great satisfaction, witness a retum to pre-pandemic levels of seNice delivery. Throughout the year, we navigated the complexities of the pandemic, implementing necessary mitigations to safeguard the well-being of our participanls, staff, and volunteers. The positive outcomes, refiected in our key performance indicators across all metri, are a testament lo the dedication and hard work of every individual associaled with incredABLE. Vvhile we celebrate Ihese achievements, we remain vigilant, Gognisant of the economic and well-being challengès persisting in the wake of the pandemic. The hashtag #incredABLEpeople nol only encapsulates the remarkable individuals we seNe but also extends to the invaluable contributors who make our organisatton thrive. l express my deepest gratitude to our voluntary board of trustees for their wisdom, oversight. and unwavering support. Our incredible leam of volunteers. whose skills and experience5 defy quantification in monetary terms, have been indispensable in the delivery of our projects and services. Our devoted staff. known for going beyond the call of duty, also deserve special acknowledgment.
incredABLE IA company Ilmlted by guarantee, not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 As we look ahead to the 2023-24 financial year, we anticipate facing exceptional cost pressures due lo the rising cost of living. Inflationary increases pose challenges to both our beneficiaries and our organisation's operational costs. We are committed to diligently working lo mitigate these impacts and ensure Ihal our beneficiaries are shielded from the brunt of increased costs. In the coming year. incredABLE will intensify its efforts to provide meaningful opportunities and high-quality seNIs, shaped by the ourrent and emerging needs of our community. Collaboration with families and individuals will remain ntral to our approach, emphasising effective support, co-production, and besl practices. To meet the growing demand for our projects and services, we will focus on developing a sustainable, gr0-0enIed, and diverse funding base lo fortify our finanaal resilience. Our commitment to building an effective, resilient organisation remains steadfast. We will adapt to Changing needs, be driven by impact, and continue our dedication lo innovation. As we embark on this joumey. we extend our gratitude to all those who have supported incredABLE financially during the past year. Your generosity has been instrumental in helping us recover from the financial challenges posed by the Covid-19 pandemic. Together, with the continued support of foundations, Injsts, and individuals, we are poised to make meaningful change and fulfil our mission. Thank you for being an inlegral part of this incredABLE community. Warm regards. Nigel Hamplon, Director I CEO In the year ended 31 March 2023, incredABLE continued to provide exemplary support se1viS throughout the Southern Area. Specifically, we were able to deliver that support to more than 513 {2022-23'. 653) children and adults with learningfintellectual disability andlor autism through our many exciting projects and services. Mission: To create incredible opportunities for incredABLE peoplel By delivering meaningful projects and quality services in partnership with individuals who have a learningfintellectual disability andlor autism. vision- A society where individuals with a leamingl intellectual disabilty andlor autism are inspired. empowered and included. Values.. Commitment We are passionate and dynamic staff and volunteer team who are committed to people first and supporting individuals to realise their own vision of being incre(JABLE Collaboration We believe in the value of working in collaboration and proactively seek out partnerships to make incredABLE things happen Creativity We strive for creativty in our bespoke approach to opportunities so that Ihey are meaningful, participatory and uniquely incredABLE Community We see Communty as central to the incredABLE experien of inclusion and we work alongside to support engagement, ac$$, and visibility of incredABLE individuals incredABLE deliver projects and seNices in the Southern Health and Social Care Trust Area.
incredABLE IA company limited by guarantee. not having a share capltsl) TRUSTEES. ANNUAL REPORT forthe financial year ended 31 March 2023 Projects & Services, Outputs & Achievements: Adult Short Breaks ASB Service In partnership wilh the Southem Health and Social Care Trust Adult Leaming Disability Teams. incredABLE delivers the ASB servi. In fvlfilling its dual aims of providing respite for carers and shattering the mold of bed-based respite to offer a wide range of meaningful activities and experiences. the ASB service offers group residential breaks in venues across Northem Ireland. ASB offers both mid-week and weekend breaks in which participants lake the lead, choosing what they want to do. when, and where. As they make decisions about Iheir time away. individuals on the ASB seNice socialise with peers, work on compromise and communication skills, practice daily living skills, and take part in many of Ihe activities available across Nl, such as attending Belfast Giants matches. visiting forest parks, walking along the beach in Newcastle, and much more. We offer tailored support, ensuring that we have the right staff with each group to ensure every participant has their specific, individual needs met within the group. During the 2022-2023 financial year there have been 54 ASB residentials. 48 x 2-night residentials, 2 x 3-night residential and 4 x 7-night residentials. and a total of125 participants have availed of the servi. BIG Bes oke Individual and Grou ort SeNi For many young people and adults. one to one or small group support is the best option to reach their goals. BIG is a Servi that provides exactly those options, with a Servi completely iailored to each individual, focused on their passions, their needs. and supporting them in bringing their dreams to life. BIG can be as flexible or routine as the individual or group desires, as the plan is agreed with both the individual and their carers. Together. they establish the activities to be undertaken. the schedule, and the exact support an individual needs. Whether accessing live music, going shopping with friends, or getting exercise at the local pool. anything is possible with BIG. Most people access the BIG Se1 using funds from Direct Payments via Self Directed Support (SDS). 13,332 hours of support were delivered to 72 individuals during the 2022-23 financial year. Peer Outin Pro ramme pop incredABLE is proud to partner with the Southem Health and Social Care Trust Children and Young People's Disabilty Teams to offer the Peer Outing Programme. POP is a seNice focused on young people as they approach and go Ihrough the transition between school and adult services. It provides social outings wtth peers and a number of opportunities for personal growth that serves the young people into adulthood including team building, communication, conflict mediation, and overall improvement in self-confidence. POP outings take place once a month and can be activity based orjoining in with a community event. Vwhile POP outings take pla as a group. the project is still individualised, with specific supports designed to offer participants the Chan to fully engage with their peers and their communities. POP gives young people control by making sure all activities are chosen by the young people themselves, promoting a person-centred approach in addition to the social inclusion built into the programme. During the 2022-23 financial year, 27 POP Saturdays were delivered in 3 locations and 6, 2-night residentials.
incredABLE IA company limited by guarantse, not havlng a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 Youth Em owerment Pro ramme EP YEP is a residential Servi made up of ten 3-day residentials over the course of a year. We deliver YEP in partnership with the Southern Health and Social Care Trust Children and Young People's Disabilty Teams and focuses on daily life skills in preparation for the possibility of independent or supported living arrangements once participants leave school. The four main areas YEP focuses on include.. Personal Development- Leaming to be independent and participating in a programme away from home. Independent Living Skills- These will include key skills such as establishing morning routines. cooking, btjdgeting, relationships, personal care and home safety. Social Development- To encourage peer support and increase social skills involving outings and attendan to range of community and soaal events. Self-esteem- The development of independent skills. having the confidence to offer an opinion when planning activities or shopping and feeling positive about reaching goals set. During the 2022-23 financial year, 10 YEP residentials were delivered and a total of 19 participants have availed of the seNice. Saturda clubs Saturday Clubs Still stand as one of our newest services, only developed three years ago and now delivered in partnership with the Southem Health and Social Care Trust Children and Young People's Disability Teams. Saturday clubs are unique in incredABLE's portfolio of seNices in providing weekly opportunities for venue-based activities. Eath Saturday. 2 separate sessions give carers a short break while making sure children have 3 hours of fiJn with their peers. Activities change weekly and cover sensory, physical, and creative opportunities. Sessions run from 10am-1 pm and from 2pm-5pm. During the 2022-23 financial year a total of 33 participants have availed of the service. Summer scheme Summer is traditionally a time for children and young people to avail of new. exciting activities they cannot a$$ during the school year. For many young people with an intellectual disabilty andlor autism. that isn't possible due to a lack of supports. Over the past few years. incredABLE has sought to alleviate that conrn by offeting a 3-week summer scheme. delivered in partnership with the Southem Health and Social Care Trust Children and Young People's Disability Teams. The scheme runs for 1 week in each of the l¢xalities of Amagh & Dungannon. Craigavon & Banbridge and Newry & Mourne, Mon-Fri 5pm, each day and is delivered with the support ofthe Armagh & Dungannon, Craigavon & Banbridge and Newry & Mourne, Mon-Fri 9-5pm. each day. During the 3-week scheme a total of 37 participants have availed of the seNlCe. ASD Strand One- ASD Life skills develo ment residentials This strand aims to provide support to young people with a diagnosis of ASD to develop independent living skills and life skills through an agreed programme. focusing on four distinct areas.. Personal Development, Independent Living skills, Social Development & Building self-confidence. and self-esleem. During the year, cohorts of 12 young people undertook a series of 6 residentials. Strand Twfr ASD Social Saturda The strand aims to provide support to young people with a diagnosis of ASD lo develop independent living skills and lrfe skills, through an agreed Saturday programme. It offers young people the chance to engage with peers outside of a school environment and as a group choose a range of different Monthly activities that they would like to be part off. During the year. fwo cohorts of 12 young people undertook a series of 12 whole Saturday activity trips.
incredABLE {A company limited by guarantee, not having a share capltal) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Strand Three- ASD Evenin life skills ramme The strand aims to provide support to young people wtth a diagnosis of ASD to develop independent living skills and life skills. through an agreed 10-week evening programme. It offers young people the Chan to engage with peers outside of a school environment and as a group choose a range of different weekly activities that they would like to be part off. During the year, four cohorts of 12 young people undertook a series of 10 evenings together. ASD seNices are commissioned by the Soulhem Health & Social Care Trust and referrals are made through the ASD CAMHS Connedleam. During the 2022-23 financial year a total of 119 participants have availed of the ASD seNices strands. We are incredABLE Strand 0nncredABLE- Made IncredABLE-y Made is a social enterprise service that has grown and developed over the last six years to become successful chocolate production venture.11 offers a whole day opportunity in which partiapants learn and cultivate transferrable skills of production, packaging. and print that can be used across a wide range of employment opportunities. By offering meaningful, skills-based activities for young adults with an intellectualllearning disability andlor Autism. incred- ABLE-Y made fills a need in the community while focused on the future goals of the trainees. Currently incredABLE-y Made runs across three sites- Richhill Enterprise Hub, Tamnamore in Dungannon. and Jethro Community Centre in Lurgan- and all'five weekdays, ensuring the opportunity is available to a wide range of trainees and meets all their needs. Our most popular product is our luxury Belgian chocolate jollies are individually hand poured and handtied by our trainees and we are thankful to the many corporate customers for which we have created branded bespoke lollies for their business, and as a wedding favour for couples getting married, and for olher special occasions. Sales increased by 1380/0 in 2022-23 financial year. Strand Two- in¢redABLE Me IncredABLE Me facilitates independent living through a daily living skills project for adults with a leamingfintellectual disability andlor Autism. Through leaming cooking, safety, household skills, and more participants in this projecl achieve improved self-confidence as well as the ability to be active participants in the running of their homes. The living skills programme runs over 16 weeks. working with small groups of young adults in order to give them one on one instruction leading to a better understanding of the tOPiGS covered over the duration of the course. Additionally, two residentials and one day trip give participants a chance to be assessed before the course ends so thal we can focus further on areas of need while they continue to hone their skills in new ways and situations. Strand Three incredABLE To ether incredABLE Together is the social strand of the We Are incredABLE project, giving participants a social outlet to spend needed time with their peers while simultaneously building sctial skills to benefit their lives. ParticulaTly important to these young adults is that they have lefl school and are often disconnected from their social circle. IncredABLE Together ensures that they create new social connections and have an opportunity to keep those connections thriving. Social clubs took place in three areas, including Craigavon, Banbridge, and Keaty. They meet weekly with different young adults taking part every other week to serve more participants. Participants also have a Chan to take part in an end of year residential where they socialise for a longer period of time and get lo experience new adventure-based activities that build group rapport. During the 2022-23 financial year a total of 64 participants have availed of the We are incredABLE project. December 2022 marked the conclusion of the 6-year National Lottery Community Fund funding for Ihe We are incredABLE project. As part of the exit strategy of this project. many former participants have transitioned to other Servi areas over the year and continues to be engaged and supported by incredA8LE. Further work is ongoing to transition those individuals who have been involved in the project this year to existing or new service provision within incredABLE.
incredABLE {A company limited by guarantee, not havlng a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 Café incredABLE Jethro Our Café in the Jethro Centre is running strong. open 5 days a week offering made to order meals from a carefully-crafted menu. Additionally, Café incredABLE caters for intemal Jethro Centre clients as well as outside groups regularly, giving participant trainees the opportunity to leam catering in addition to cooking, serving, using the till, and more. Café incredABLE @ Jethro increased the tolal sales by 360/0 for the 2022-23 financial year, serving 18.102 customer transactions, but most importantly, employing and supporting 7 individuals with a learninglintellectual disability andlor autism. Café incredABLE South Lake Our flagship Café in South Lake Leisure Centre (SLLC) in Craigavon also continuès to shine. We are proud ofthe seniice we offer at SLLC, and we are even more proud Ihal this café, in addition to having become a community hub, continues to be a place where we offer training. employment, and meaningful daytime activity for individuals with a leam1n1nte1leCtUal disability andlor autism within our café spaces. Our customer base continues to remain loyal. and we serve as many people who come lo the South Lake Leisure Centre just for a coffee or breakfast as we do those who are in the SLLC already for their own purposes and stop by for refreshment before or after. Café incredABLE @ South Lake increased the total sales by 100/0 for 2022-23 financial year, SeIng 135,463 customer transactions, but most importantly, employing and supported 13 individuals with a leamingfintellectual disability andlor autism. Café incredABLE Banbrid e Leisure Centre Through our successful collaboration with Armagh City, Banbridge and Craigavon Borough Counal we were awarded the tender to operate a third café on the first floor of Banbridge Leisure Centre and Café incredABLE @ Banbridge Leisure Centre launched on the 7th November 2022. Our social enterprise cafes have gained Iraction as a means of achieving social impact while sustaining a profitable business model. A cafe designed to accommodate individuals with leaminglintelleclual disabilities and autism serves as an inclusive Spa and an employment platform for this underseTved community. This latest development for the charity further extended our geographical reach to anolher town within our area of operation and provides much needed additional provision for individuals with a leamingfintellectual disability andlor autism. The café has created seven new jobs and is open seven days a week serving a range of freshly made hot and cold options as well as in-house catering for events being held within the centre. incredABLE Mourne Cenlre The incredABLE Moume Centre. Ballinran is used by incredABLE's groups for residential and holidays as well as being open on a self-caterrng residential basis to outside charitable groups. We continue to increase occupancy rates, with an increase of 15% this year over last. Both our own groups and outside groups praise the centre for being comfortable with wonderful amenrties and within easy distan of many attractions. Financial Revlew The current year financial results have shown an increase in both income and associated costs. Income is £822.916 (2022 £752,452), an increase of £70,464 {9.36 % ) Expenditure is £796,161 (2022 £694,024), an increase of £102.137 (14.72Q/o). An operating surplus of £26.755 is recorded for the year compared to a surplus of £58,428 in 2022. These increases are a result of increased participalion in projects and activities and additional staffing and other associated costs required lo deliver the projects. The trustees are satisfied that Ihese results are in line wilh anticipated budgets and provide a basis for building reserves towards the targeted free reserves target. Reserrfes pollcy A reserves policy has been formulated to explain the rationale for holding reserves and the level of reserves that is appropriate for the charity. The trustees review this on an annual basis and believe a free reserve target of three months running costs would be appropriate, i.e.. Approx. £200,O¢J). Trustees The truslees who served throughout the financial year, except as noted, were as follows..
incredABLE IA company limited by guarantee, not having a share capltall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Michael Joseph Best Susan Margaret Best Kathleen Elizabeth Courtenay Edwin Graham Peter Hanna Deborah Suzanne Hoy Wilkinson David Hughes Lisa Mallon Anne Mairead McAlinden Emma Louise Mooney Carla Smylh Dr Alan Manson Turtle In accofdance with the Articles of Association, the directors reli by rolalion and. being eligible. offer themselves for re-election. The charity also trUllS new Irustees when required The secretary who served during the financial year was: Mr. Nigel Robert Hampton Compliance wlth Sector-wide Legislation and Standards The company engages pro-actively with legislation, stsndards and codes which a developed for the sector. incredABLE subscribes lo and is compliant with the following.. The Companies Act 2iJ The Charities SORP {FRS 1021 Public Benafit The direct benefits which flow from our purposes include improvemenl in the wellbeing, self-esteem and quality ¢f lrfe for children and adults with a Learningl Intellectual Oisability as well as a reduction of anxiety and stress amongst carers of ehildren and adults with a Learningl Intellectual Disability. These benefits are demonslraled through our feedback from children and adults with a Learningl Intellectual Disability and their carers- service evaluation forrns.. and compiled and summarised in our annual report. These purposes does not lead to harm. The charills beneficiaries are children and adults with a Learningl Intellectual Disabilily in the Soulhern Health & Social Carè Trust Area. They also include family tnembers and carers of those who are diagnosed with a Leamingl Inlelleclual Disability. A private benefit flowing from these purposes is that gained by a Trustee who also has a son or daughter who uses the support seNices. This trustee applies for and is assigned 5UPPOrt in the same way as all other benefi¢iaries. This benefit is incidental and necessary lo ensure the benefit is provided lo our beneficiaries. Audltors The auditors, Daly Park & Company Ltd. (Chartered Aceountanls) have indicated their willingness lo continue in office in accordance with the provisions of Section 485 of the Companies Act 2006. Approved by the Board of Trustees on 11th December 2023 and signed on Its behalf by.. Dr Alan Manson Turtle DireGtor 10
incredABLE IA compzny limited by guarantee, not having a share capital) STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2023 The Iruslees, who are also directors of incredABLE for the purposes of company law. are responsible for preparing the financial slalemenls in accordance with applicable law and reglrlalions. Company law requires the Iruslees as the directors lo prepare financial slalemenls for each financial year. Under that law the Iruslees have elected lo prepare the financial slalemenls in accordance with United Kingdom Generally Aepted Accounting Practice {Uniled Kingdom Accounting Standards and applicable lawl including FRS102 "The Financial Reporting Standard applicable in the UK ancl Republic of Ireland Under company law the IIu51ees musl not approve the financial ststemenls unless they are satisfied that they give a true and fair view of the slate of affairs of the company and of the nel income or expenditure of the company for that period. In preparing these financial stalemenls, the Iruslees are required lo.. select suitable accounting policies and apply them consistently.. obseNe the melhods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent.. slate whether the financial slalemenls have been prepared in accordance with the relevant financial reporting framework. identify those standards, and note the effect and the reasons for any material departuie from those standards: and prepare Ihe financial statements on the going concern basis unless It is Inappropriate lo presvme that the company will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's Iransaelions 8nd disclose wilh reasonable accuracy al any lime the financial p0511ion of the company and enable them lo ensure Ihat the financial slatemenls comply with the Companies A¢1 2006 and. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of Iraud and other irregularities. In so far as the trustees are aware.. there is no relevant audit information {infomialion needed by the company's auditor in connection wilh preparing the audilorfs report) of whieh the company's auditor is unaware. and the Irustees have taken all the steps that they ought lo have taken as Iruslees in order lo make themselves aware of any relevant audit information and lo establish that the company's auditor is aware of that information. Approved by the Board of Trustees on 11th December 2023 and signed on its behalf by- DrAlan Manson Turtle Director 11
INDEPENDENT AUDITOR'S REPORT to the Members of incredABLE IA company limited by guarantee. not havlng a share capttal) Report on the audit of the financial statements Opinion We have audited the company financial slatements of incredABLE {'the company,) for the financial year ended 31 March 2023 which comprise the Statemenl of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet, the Statemenl of Cash Flows and notes to the financial statemenls, including the summary of significant accounting policies set out in note 3. The financial reporting framework Ihat has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with FRS 102. In our opinion, when reporting in accordance with a fair presentation framework the financial statements- give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its surplus for the financial year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordan with the requirements of the Companies Act 2006 and the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with Internalional Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independenl of the company in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordanTr with these requirements. We believe thal the audil evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concem In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed. we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going oncern for a period of at least tsvelve months from the date when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other Inforniation The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and. except lo the extent othetwise explicitly stated in our report, we do not express any fom of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the olher infomiation is materially inconsistent with the financial statemenls or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether thi5 gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatemenl of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Trustees, Annual Report has been prepared in accordance with applicable legal requirements. 12
INDEPENDENT AUDITOR'S REPORT to the Members of incredABLE {A company limited by guarantee, not having a share capital) Matters on which we are required to report by exception In the light of our knowledge and understanding of the company and its environment oblained in the course of the audit. we have not identified material misstatements in the Trustees. Annual Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept-, or the financial slatements are not in agreemenl with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are nol made.. or the trustees were not entilled to prepare the financial statements in accordan with the small companies regime and take advantage of the small companies, exemption in preparing the Trustees, Annual Report. Responsibilities of trustees for the financial statements As explained more fully in the Statement of Trustees, Responsibilities set out on page 7, the trustees are responsible for the preparation of the financial statements and for being satisfied Ihat they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from materral misstatement. whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the company's ability to continue as a going concern, disclosing. as applicable, matters related to 90ing concern and using the going concern basis of accounting unless management either intends to liquidate the company or to cease operations, or has no realislic alternative but to do so. Auditor's responsibilities forthe audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemenl, whether due to fraud or error, and to issue an Auditor's Report Ihat includes our opinion. Reasonable assurance is a high level of assuran, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstalement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misslatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. There is an inherent difficulty in detecting irregularities during audit. However the effectiveness of entity's controls, the nature and extent of audit prOdureS perfonned. gives us confidence in detecting irregularities. Further information regarding the scope of our responsibilities as auditor As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also= Identify and assess the risks of material misstatement of the whether due to fraud or error. design and perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecling a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion. forgery, intentional omissions, misrepresenlalions. or the override of internal control. Obtain an understanding of internal control relevant to the audrt in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of acKounling estimates and related disclosures made by trustees. Conclude on the appropriateness of the trustees, use of the going conrn basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists relaled to events or conditions that may cast significanl doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Audrtor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, lo modify our opinion. Our Gonclusions are based on the audit eviden obtained up to the date of our Auditorfs Report. However. future events or conditions may cause the company to cease to conlinue as a going concern. Evaluate the overall presentation, structure and contenl of the financial statements, including the disclosures, and whether the financial statements represent the underlying Iransaclions and events in a manner that achieves fair presentation. 13
INDEPENDENT AUDITOR'S REPORT to the Members of incredABLE IA company limited by guarantee. not having a share capltall We communicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Ruairi Maginn enior Statutory Auditor) for and on behalf of DALY PARK & COMPANY LTD Chartered Accountants and Registered Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland 11th December 2023 14
incredABLE IA company limited by guarantee. not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES {Incorporating an Income and Expenditure Account) for the financial year ended 31 March 2023 Unrestrictsd Restricted Funds Funds 2023 2023 Total Unrestricted Restricted Funds Funds 2022 2022 Tolal 2023 2022 Notes Incoming Resources Voluntary Income Activities for generating funds Investments Other income 476,471 476,471 5,960 467,466 467,466 25,126 42 5,960 25,126 404 340.081 404 340.081 453 259,407 453 259.407 4.4 Total incomlng resources 346,445 476.471 822,916 284,986 467.466 752,452 Resources Expended Charitable activities 319,690 476.471 796,161 217,558 476,466 694,024 Net incorningloutgoing resources before transfers Gross transfers befween fvnds 26.755 26.755 67,428 {9,000) 58.428 Net movementin funds for the financial year 26,755 26.755 67,428 {9,000} 58,428 Reconciliation of funds Balances brought forward at 1 April 2022 16 1,038,487 1,038,487 971,058 9,000 980,058 Balances carried forward at 31 March 2023 1,065,242 1,065,242 1,038,486 1,038,486 The Slatement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate lo Conlinuing activities. The notes on pages 18 to 23 forn part of the financial statements 15
incredABLE IA cornpany Ilmlted by guarantee, not having a share capttall Company Number.. N1062968 BALANCE SHEET as al 31 March 2023 2023 2022 Notes Fixed Assets Tangible assets 11 865,771 895,175 Current Assets Debtors Cash al bank and in hand 12 133,580 220,324 71.181 207.388 353,904 278,569 Creditors.. Amounts falling due wlthln one year 13 1132,8781 1101,1091 Net Current Assets 221,026 177,460 Totsl Assets less Current Llabilities 1,086,797 1.072.635 Creditors Amoun15 falling due after more than one year 14 121,555) (34,149) Net Assets 1.065,242 1.038,486 Funds Unreslricled designated funds General fund (unreslricted} 865,771 199,471 895,175 143.311 Totsl funds 16 1,065,242 1,038.486 These financial slatemenls have been prepared in accordance with the special provisions relating lo small companies within Part 15 of the Companies Act 2006. Approved by the Board of Trustees and authorised for issue on 111h DeGember 2023 and slgned on its behalf by DrAlan Manson Turtle Director The noies on pages 18 to 23 lomi part of the financial staiernents 16
incredABLE STATEMENT OF CASH FLOWS frjr the financial year ended 31 March 2023 2023 2022 Notes Cash flows from operating activities Net movement in funds Adjustments for.. Depreciation Interest receivable and similar income Interest payable and similar expenses 26,756 58,428 42,271 (404) 2,647 43,037 (453) 3,173 71,270 104,185 Movements in working capital= Movement in debtors Movement in creditors 162,399) 18.247 (35,551) 11.103 Cash generated from operations Interest paid 27,118 (2.6471 79,737 (3,173) Cash generated from operations 24,471 76.564 Cash flows from Investing activities Interest received Payments to acquire tangible assets (12,8671 (25,226) Net cash generated from investment activities {12,463) (24,773) Cash flows from financing activities Repayment of short term loan Advances from subsidiarieslgroup companies (13,1811 14,109 (52,419) 25.527 Net cash generated from financing activities 928 {26.892) Net increaselldecrease) in cash and cash equivalents Cash and cash equivalents at 1 April 2022 12,936 207,388 24.899 182,489 Cash and cash equivalents at 31 March 2023 19 220.324 207,388 17
incredABLE {A company limited by guarant99. not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023 GENERAL INFORMATION incredABLE is a company limited by guarantee incorporated in Northem Ireland. The registered office of the company is 162 Portadown Road. Richhill, Co. Armagh, BT61 9LJ. Northern Ireland which is also the principal place of business of the company The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial ststements. Basis of preparation The financial stalements have been prepared on the going concern basis under the historical cost convention. modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland FRS 102" As permitted by the Companies Act 2006, the company has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of compliance The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practi (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Incoming Resources Voluntary income or capital is included in the Statemenl of Financial Activities when the company is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a dislribution to be made by the executors. Income received in advan of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entrtlement have been met. All other income is accounted for on an accruals basis. Tangible fixed assets and depreciatlon Tangible fixed assets are stated at cost or at valuation. less accumulated depreciation. The charge to deprecialion is calculated to write off the original cost or valuation of langible fixed assets, less their estimated residual value. over their expected useful lives as follows.. Land and buildings freehold Plant and machinery Fixtures, fittings and equipment Motor vehicles 40h Straight line 20Q/o Straight line 209/0 Slraighl line 25 % straight line Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies and other co-funders. but not yet received al year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand Gomprises cash on deposit at banks requiring less than three months, notice of withdrawal. Taxation No Gurrent or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added is expensed as incurred. 18
incredABLE {A company limited by guarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 Grant Income 476,471 476,471 467,466 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Fundraising events 5.960 5,960 25,126 INVESTMENTS Unrestricted Restricted Funds Funds 2023 2022 Investments 404 404 453 4.4 OTHER INCOME Unrestricted Restricted Funds Funds 2023 2022 Other income 340,081 340,081 259.407 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support 2023 2022 Charity Costs 736,974 59,187 796,161 694,024 SUPPORT COSTS Charitsble Activities 2023 2022 Support Costs 59,187 59,187 57,991 ANALYSIS OF SUPPORT COSTS 2023 2022 Support Costs 59.187 57,991 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are stated after ¢hargingllcrediting): Depreciation of tangible assets Auditorf5 remuneration-. audit services COVID Support Grants received 42,271 43,037 4,240 3,700 (8,852) 19
incredABLE IA company Ilmlted by guarantee, not havlng a share capitsll NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 INVESTMENT AND OTHER INCOME 2023 2022 COVID Support grants received Bank interest 8,852 453 404 9,305 INTEREST PAYABLE AND SIMILAR CHARGES 2023 2022 On bank loans and overdrafts 2,647 3,173 10. EMPLOYEES AND REMUNERATION No remuneration was paid to any trustee in the current or previous financial year. Number of employees The average number of persons employed (including executive trustees) during the financial year was as follows.. 2023 Number 2022 Number Employees 20 20 The staff costs comprise: 2023 2022 Wages and salaries Pension costs 470,823 20.561 411,310 19,962 491.384 431,272 11. TANGIBLE FIXED ASSETS Land and buildings freehold Plant and Fixtures, machinery fittings and equipment Motor vehicles Total Cost At 1 April 2022 Additions 936.202 5.648 78,340 12,867 56.677 1,076.867 12,867 At 31 March 2023 936.202 5,648 91.207 56,677 1,089.734 Depreciatlon At 1 April 2022 Charge for the financial year 84,430 21,656 4,026 406 53,6C 11,685 39.630 8.524 181,692 42,271 At 31 March 2023 106,086 4,432 65,291 48.154 223.963 Net book value At 31 March 2023 830,116 1,216 25,916 8,523 865.771 At 31 March 2022 851.772 1,622 24,734 17.047 895,175 20
incredABLE IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 Northern Bank Limited holds a charge over property and lands at 42 Ballinran Road, Kilkeel, Co.Down and 162 Portadown Rd, Richhill, which contains fixed and floating charge. The charge was registered on 0110612017. Northern Bank Limited holds a charge over the lands of the company in respect of mortgage totaling £95,000. The charge was created on 1211212011. 12. DEBTORS 2023 2022 Trade debtors Other debtors Prepayments and accrued income 101,805 8,468 23,307 58,*7 3,481 8.733 133,580 71,181 13. CREDITORS Amounts falling due withln one year 2023 2022 Bank loan Trade creditors Amounts owed to connected parties {Note 18) Taxation and social security costs Accruals and deferred income 16.800 44,640 64,579 1.245 5,614 17.387 15,128 50,470 13.566 4,558 132,878 101,109 14. CREDITORS Amounts falling due after more than one year 2023 2022 Bank loan 21.555 34,149 Repayable in one year or less, or on demand {Note 13) Repayable between one and 0 years Repayable between two and five years 16.800 16.800 4,755 17,387 17.387 16,762 38,355 51,536 15. RESERVES 2023 2022 At 1 April 2022 Surplus for the financial year 1,038,486 26.756 980,058 58.428 At 31 March 2023 1,065.242 1.038.486 21
incredABLE IA company Ilmited by guarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 16. FUNDS 16.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds Total Funds At 1 April 2021 Movement during the financial year 971,058 67,428 980,058 58,428 At 31 March 2022 Movement during the financial year 1,038,487 26,755 1,038.487 26,755 At 31 March 2023 1,065,242 1.065.242 16.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2022 Income Expenditure Transfers between funds Balance 31 March 2023 National Lottery Community Fund CFNI- Dept of Health Carers Fund Community Foundation for Northern Ireland SHSCT BBC Children In Need LFT Trust 86.045 86,045 37,500 37,500 4,000 4,000 335,509 8,417 5,000 335,509 8,417 5.000 476.471 476,471 Unrestricted funds Building Fund Unrestricted General 895,175 143,312 (29,404} 29,404 865.771 199.471 346,445 319.690 1,038,487 346,445 {319,690) 1,065.242 Total funds 1,038,487 822.916 796.161 1.065.242 16.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use Current assets Current Long-term liabilities liabilities Total Unrestricted general funds 865,771 353,904 (132,878) {21,555) 1,065,242 865,771 353,904 (132,878) (21,555) 1,065,242 17. STATUS The company is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one year Ihereafier, for Ihe payment of the debts and liabilities of the company contracted before they aSed to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1. 22
incredABLE IA company limited by guarantse, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 18. RELATED PARTY TRANSACTIONS The following amounts are due to other connected parties= 2023 2022 Related party 1 Related party 2 20,000 44,579 20,000 30,470 64,579 50.470 £20.000 of mèmbers loan is interest free and is repayable on demand as disclosed above. IncredABLE Enterprises is a company which is managed and controlled by membersldirectors of IncredABLE. During the course of the current year a number of transactions were made between the organisations with the balance of £44,579 {2022 £30,470) is still due to IncredABLE Enterprises at the end of the year. These amounts are included in note 13 . 19. CASH AND CASH EQUIVALENTS 2023 2022 Cash and bank balances Cash equivalents 1,106 219,218 694 206,694 220,324 207,388 20 RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT Opening balance Cash fiows Other changes Closing balance Long-lerm borrowings Short-term borrowings (34,149) {17,387) 12.594 (12.594) (21.555) (16,800) 13.181 Total liabilities from fjnancing activities (51.536) 13.181 {38,355) Total Cash at bank and in hand (Note 19) 220,324 Total net debt 181,969 23