Downs and Proud Charity No. N100075 Trustees. Report and Unaudited Accounts 31 January 2023
Downs and Proud Contents Pages Trustees, Annual Report 2to4 Independent Examiner's Report Statement of Financial Activities Balance Sheet Statement of Cash flows 14 Notes to the Accounts 8t013 Detailed Statement of Financial Activities 15to16 Page I
Downs and Proud Trustees Annual Report The trustees present their report with the unaudited financial statements of the charity for the year ended 31 January 2023. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. N100075 Principal Offi 11 Fox's Glen Lurgan Co. Armagh Northern Ireland BT67 9ER Trustees The following trustees served during the year.. A. Beatty J. Bu nting C. Heanev A. McAlinden Accountants Byrne Mccann & Co. Ltd. 67 Edward Street Lurgan Co. Armagh BT66 6DD Bankers Danske Bank P.0. Box 183 Donegall Square Wes Belfast Northern Ireland BTI 6JS OBJECTIVES AND ACTIVITIES To create and develop the conditions which will enable people with Down's syndrome to attain their full potential and to undertake any other charitable activities in connertion with Down's syndrome in the Lurgan area. Page 2
Downs and Proud Trustees Annual Report Down's & Proud is a public benefit as it enhances the lives of people with Down's syndrome and their families primarily in the Lurgan area but it is also available to anyone in Northern Ireland via our social media pages and telephone contact. It helps our children build friendships and allows them to grow up together. We run an annual Summer Scheme for all of the children in our group and hire qualified assistants to look after the children to ensure their safety requirements are fully met. We provide all aspects of support for our children and their families as and when required. We want to make sure the parents are happy and have adequate support and information to help with decisions they may face throughout their child's education and beyond. We also provide financial assistance for various reasons for example educational aides and speech programs. We have our own weekly Tell Take5 Speech Club. We have 3 qualified co-worker5 which under the guidance of a speech therapist hold weekly speech sessions for the children in Down's & Proud. This gives the children the extra help they need with their speech and also encourages friendships within the group. We aim to provide support and a listening ear for those who want to share their thoughts and experiences. Down's & Proud aim to raise awareness of Down's syndrome, as the more people are aware and educated about the condition, the easier it will be on our children. These benefits are demonstrated through positive feedback from parents and families and the actual improvements in the capabilities of children who are involved in the group. There is no harm or private benefit flowing from the purposes. ACHIEVEMENTS AND PERFORMANCE We have achieved so much throughout the year. We have ongoing Speech Clubs on a weekly basis which has improved the childrens, speech and signage dramatically. We ran a very successful two week Summer Scheme that allowed both respite care for the parents and also learning and development for all of the children. The children get to go on several trips throughout the two weeks as well as participating in many external entertainment programmes that we hire into the Summer scheme.we split the activities so that we had 3Ctivities for the younger toddlers and babies such as baby yoga and Jo Jingles and other activities for the older children e. g. football, golf and sports games. We also had joint activities and entertainment such as Wee Wonders and Fit Mind Coach. We continued with Football Camp for all our members. The children attended weekly training sessions and the Downs and Proud football team took part in football tournaments in Newry and Derry which involved disabled teams from all over. We also held a tournament this year at South Lakes Leisure Centre welcoming teams from Newry and Derry. It was a very successfull day. We also have weekly Singing Sessions which the children enjoy so much. We had a Christmas Singing Showcase in St. Peters Church which hundreds of people attended. It was a great day all round. We have worked hard this year at creating awareness by holding fundraising events during the year and publicising these events and 'getting the word out there" via social media and our website. We also create great awareness by issuing promotional clothing and merchandise. Our main achievement throughout the year has been the happiness of our children and their families. FINANCIAL REVIEW Reserves remain healthy. However, this year saw a deficit of expenditure over income of £27,138. and a further drain on the reserves. Covid-19 and the Cost of Living Crisis have resulted in greater challenges in the charity sector. The charity's policy is to hold reserves in order to continue with its aims in future periods if financial uncertainty or significant decreases in income should occur. There are no foreseen uncertainties at the year end. Reserves remain healthy at £37,731 as at 3110112023. Page 3
Downs and Proud Trustees Annual Report Down's & Proud work hard to raise enough funds to allow the various activities, education clubs, summer scheme and purchases of educational aides to occur. Being able to spend the funds on items that aid our children to reach their potential means we are meeting our objective. Statement of trustees. responsibilities in relation to the financial statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reportsl Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the asset5 of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees A. Beatty Trustee 30 October 2023 Page 4
Downs and Proud Independent Examiners Report Independent Examiner's Report to the trustees of Downs and Proud I report to the trustees on my examination of the financial statements of Downs and Proud for the year ended 31 January 2023 which comprise the Statement of Financial Artivities, the Balance Sheet, the Statement of Cash Flows and the related notes. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'the Act'l. The trustees consider that an audit is not required for this year under the Charities Act 2011, 5.144121 (the 2011 Act) and that an independent examination is needed. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Art and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect: the accounting records were not kept in respect of the charity as required by section 130 of the Act; or the financia5 statements do not accord with those records,. or the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns 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. Raym ACCA Byrne Mccann & Co. Ltd. 67 Edward Street Lurgan Co. Armagh Mccann BT66 6DD 30 October 2023 Page 5
Downs and Proud Statement of Financial Activities for the year ended 31 January 2023 Unrestricted funds Total funds Total funds 2022 2023 2023 Notes Income and endowments from: Donations and legacies Charitable activities 9,150 50 9,150 50 4,903 19 Investments 53 Total 9,200 9,200 4,975 Expenditure on: Raising funds Charitable activities 17,078 17,078 36 9,092 890 Other 19,260 19,260 Total 36.338 36,338 10,018 Net gains on investments Net expenditure 127,138} 127,1381 15,0431 Transfers between funds Net expenditure before other gains/{losses) 127,1381 127,1381 15,0431 Other gains and losses Net movement in funds 127,1381 127,1381 15,0431 Reconciliation of funds: Total funds brought forward 64,869 64,869 69,912 Total funds carried forward 37,731 37.731 64,869 Page 6
Downs and Proud Balance Sheet at 31 January 2023 Charity No. N100075 2023 2022 Current assets Cash at bank and in hand 38,571 38,571 38,571 64,869 64,869 64.869 Net current assets Total assets less current liabilities 38,571 64.869 Creditors: Amounts falling due after more than one year Net a55Èts excluding pension asset or liability io 18401 37,731 64,869 Total net assets 37,731 64,869 The funds of the charity Restricted funds Unrestricted funds General funds li li 37,731 64,869 37,731 64,869 Reserves li Total funds 37,731 64,869 Approved by the trustees on 30 October 2023 Anfgned on their behalf by: JQ-fKL &+ A. Beatty Trustee 30 October 2023 Page 7
Downs and Proud Notes to the Accounts for the year ended 31 January 2023 l Accounting policies Basis of preparation The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Change in ba515 of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous year5. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive. the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated Services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llossesl on This includes any gain or loss resulting from revaluing investment5 to market value revaluation of fixed at the end of the year. assets Gains/llossesl on investment assets This includes any gain or loss on the sale of investments. Page 8
Downs and Proud Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities service5 in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plu5 an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt from tax on its charitable activities. Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Artivities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Page 9
Downs and Proud Notes to the Accounts Research and development Expenditure on research and development is written off in the yea r in which it is incurred. Foreign currencies Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencie5 Other than the f unctional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of ar) asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as a55ets of the charity at their fair value at the inception of the lease or. if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation 50 as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line ba51S. Pension costs The charity operates a defined contribution plan for its employees. A def ined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Receipt of donated goods, facilities and services All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the tharity. Page 10
Downs and Proud Notes to the Accounts 2 Statement of Financial Activities - prior year Unrestricted funds Restricted funds Total funds 2022 2022 2022 Income and endowments from: Donations and legacies Charitable activities 4,903 19 4,903 19 Investments 53 53 Total 4,975 4,975 Expenditure on: Raising funds Charitable activities 36 36 9,092 9,092 890 Other 890 Total 10,018 10,018 Net income 15,0431 15,0431 Net income before other gains/llosses) Other gains and losses: 15,0431 15,043} Net movement in funds 15,0431 15,0431 Reconciliation of funds: Total funds brought forward Total funds carried forward 59,912 10,000 69,912 54,869 10,000 64,869 3 Income from donations and legacies Unrestricted Total Total 2023 2022 9,150 9,150 9,150 9,150 4,903 4,903 4 Income from charitable activities UnrestrTrted Total Total 2023 2022 50 50 19 50 50 19 Page 11
Downs and Proud Notes to the Accounts 5 Income from investments Total Total 2023 2022 53 53 6 Expenditure on raising funds Unrestricted Total Total 2023 2022 Costs of generoting voluntary income 17,078 17,078 Fundraising trading costs 36 17,078 17,078 36 7 Expenditure on charitable artivities Total Total 2023 2022 Expenditure on charitable activities 9,092 Governance costs 9,092 8 Other expenditure Unrestricted Total 2023 Total 2022 890 Bank loan and overdraft interest payable Employee costs General administrative costs Legal and professional costs 153 153 18,217 50 18,217 50 840 840 19,260 19,260 890 9 Staff costs 2023 18,217 18,217 2022 Salaries and wages No employee received emoluments in excess of £60,000. Page 12
Downs and Proud Notes to the Accounts 10 Creditors: amounts falling due after more than one year 2023 2022 Accruals 840 11 Movement in funds Incoming resources At31 (including Atl other February gains/losses 2022 Resources expended January 2023 Restricted funds: Unrestricted funds: General funds 64,869 9,200 136,3381 37,731 Total funds 12 Analysis of net assets between funds 64,869 9,200 136,338} 37,731 Unrestricted funds Restricted funds Total Net current assets Creditors due in more than one year and provisions 28,571 10,000 38,571 18401 18401 28,571 9,160 37,731 13 Reconciliation of net debt Atl At31 February 2022 January 2023 Cash flows Cash and cash equivalents 64,869 64,869 126,2981 126,2981 38,571 38,571 Net debt 64,869 126,2981 38,571 Page 13
Downs and Proud Statement of Cash flows for the year ended 31 January 2023 2023 2022 Cash flows from operating activities Net expenditure per Statement of Financial Activities 127,1381 15,0431 Adjustments for: Increase in trade and other payables 840 Net cash used in operating activities 126,2981 15,0961 Net cash from investing activities 53 Net cash from financing activities Net decrease in cash and cash equivalents 126,2981 15,0431 Cash and cash equivalents at the beginning of the year 64,869 69,912 Cash and cash equivalents at the end of the year 38,571 64,869 Components of cash and cash equivalents Cash and bank balances 38,571 64,869 38,571 64,869 Page 14
Downs and Proud Detailed Statement of Financial Activities for the year ended 31 January 2023 Unrestrirted funds Total funds 2023 Total funds 2023 2022 Income and endowments from: Donations and legacies 9,150 9,150 9,150 9,150 4,903 4,903 Charitable activities 50 50 50 19 50 19 Investments 53 53 Total income and endowments 9,200 9,200 4,975 Expenditure on: Costs of generating donations and legacies 17,078 17,078 17,078 17,078 Costs of other trading activities 36 36 Total of expenditure on raising funds 17,078 17,078 36 Charitable activities 9,092 9,092 Total of expenditure on charitable artivities 9,092 Other expenditure 890 Bank loan and overdraft interest payable 153 153 153 153 890 Employee costs Salaries/wages 18,217 18,217 18,217 18,217 General administrative costs, including depreciation and amortisation Stationery and printing 50 50 50 50 Page 15
Downs and Proud Detailed Statement of Financial Activities Legal and professional costs Accountancy and bookkeeping 840 840 840 840 Total of expenditure of other costs 19,260 19,260 890 Total expenditure 36,338 36,338 10,018 Net gains on investments Net expenditure 127.1381 127,1381 15,0431 Net expenditure before other gains/{losses) Other Gains 127,1381 127.1381 15,0431 Net movement in funds 127,1381 127,1381 15,043} Reconciliation of funds: Total funds brought forward 64,869 64,869 69,912 Total funds carried fonmard 37,731 37,731 64,869 Page 16