Downs and Proud Charity No. N100075 Trustees, Report and Unaudited Accounts 31 January 2024 Downs and Proud Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Attivities Balance Sheet 2to4 Notes to the Accounts 8t012 Statement of Cash Flows 13 Detailed Statement of Financial Attivities 14to15 Page I Down5 and Proud Trustees Annual Report The trustees present their report with the unaudited financial statements of the charity for the year ended 31 January 2024. REFERENCE AND ADMINISTRATIVE D￿AlLs Charity No. N100075 Principal Office 11 Fox's Glen Lurgan Co. Armagh Northern Ireland BT67 9ER Trustees The following trustees served during the year: A. Beatty J. Bunting C. Heaney 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 OBJEcfivES AND AcfiviTIES 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 connection with Down's syndrome in the Lurgan area. Page 2 Downs and Proud Trustee5 Annual Report Down's & Proud 15 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 Takes Speech Club. We have 3 qualified co-workers 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 thought5 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 basi5 which has improved the children's 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 got to go on several trips throughout the two weeks as well a5 participating in many external entertainment programmes that we hire into the Summer Scheme. We split the activities so that we had activities for the younger toddlers and babies such as Blossom Mindfulness and Playaway Nl and other activities for the older children e. g. football golf, Bowling and sports games. We also had joint activities and entertainment such as Wee Wonders. Fit Mind Coach and Music Therapy Sessions. We continued with Football Camp for all our members. The children attended weekly training sessions for which the Down's & Proud football team took part in football tournaments in Newry and Derry which involved teams with disabilities 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 successful 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 publicising this via social media. 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 £2988, and whilst it is relieving to have left the disappointing results of last year behind. there is a determination to return the charity to profit as soon as possible. Covid-19 and the Cost of Living Crisis have resulted in greater challenges in the charity sector. The charivs 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 £34.743 as at 31/01/2024. Page 3 Downs and Proud Trustees Annual Report Down's & Proud work hard to raise enough funds to allow the variou5 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 trustee5' 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 Report51 Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the a55ets 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 2024 Page 4 Downs and Proud Independent Examiners Report Independent Examiner'5 Report to the trustee5 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 2024. Responsibilities and basis of report As the charity'5 trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Att 20111'the Act'l. I report in respect of my examination of the charity'5 financial statements carried out under section 145 of the 2011 Att and in carrying out my examination I have followed all the applicable Direction5 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 a5 required by settion 130 of the Act: or the financial statements do not accord with those record5: or the financial statements do not comply with the applicable requirements concerning the form and content of 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. Ra ccann FCCA Byrn Mccann & Co. Ltd. 67 Edward Street Lurgan Co. Armagh BT66 6DD 30 October 2024 Page 5 Downs and Proud Statement of Financial Artivities for the year ended 31 January 2024 Unrestricted fund5 Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities 32,053 50 32.053 50 9,150 50 Total 32,103 32,103 9,200 Expenditure on: Raising funds Other 17,089 18,002 17,089 18,002 17,078 19,260 Total 35,091 35,091 36,338 Net gains on investments Net expenditure {2,9881 12,9881 127.1381 Transfers between funds Net expenditure before other gains/{lossesl 12,9881 12.9881 {27,1381 Other gains and losse5 Net movement in funds 12,9881 12,9881 {27,1381 Reconciliation of funds: Total funds brought forward 37.731 37,731 64,869 Total funds carried forward 34,743 34.743 37,731 Page 6 Downs and Proud Balance Sheet at 31 January 2024 Charity No. N100075 2024 2023 Current assets Cash at bank and in hand 35,463 35.463 35,463 35,463 38,571 38,571 38,571 Net current asset5 Total assets less current liabilities Creditors: Amounts falling due after more than one year Net assets excluding pension asset or liability Total net assets 38,571 17201 34,743 18401 37,731 34,743 37.731 The funds of the charity Restricted funds Unrestricted funds General funds 34,743 37,731 34,743 37.731 Reserves Total funds 34,743 37.731 Approved by the trustees on 30 October 2024 And signed on their behalf by: A. Beatty Trustee 30 October 2024 Page 7 Downs and Proud Notes to the Accounts forthe year ended 31 January 2024 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 IFR5 1021 and the Charities Act 2011. Change in basis 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 years. 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 purpose5. 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 15 expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts 15 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 arnount in expenditure) and facilitie5 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 investments 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 Note5 to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basi5. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on raising funds These comprise the costs associated with attracting voluntary income, fundraising trading cost5 and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basi5 plus 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 5UPPOrt C05t5 not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity 15 exempt from tax on its charitable artivities. 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. 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 charity. Page 9 Downs and Proud Notes to the Accounts 2 Statement of Financial Attivities - prior year Unrestricted funds Total funds 2023 2023 Income and endowments from: Donations and legacies Charitable activities 9,150 50 9,150 50 Total 9,200 9,200 Expenditure on: Raising funds Other 17,078 17,078 19,260 19,260 Total 36,338 36,338 Net income 127,1381 127,1381 Net income before other gains/(10sses) Other gains and losses: Net movement in funds 127,1381 127.1381 127,1381 127,1381 Reconciliation of funds: Total funds brought forward Total funds carried forward 64,869 64,869 37,731 37,731 3 Income from donations and legacies Unrestricted Total Total 2024 2023 32,053 32.053 32,053 32,053 9,150 9,150 4 Income from charitable artivities Unrestricted Total Total 2024 2023 50 50 50 50 50 50 Page 10 Downs and Proud Notes to the Accounts 5 Expenditure on raising funds Unrestritted Total Total 2024 2023 Cost5 of Generating voluntary income 17,089 17,089 17,089 17,089 17,07S 17,078 6 Other expenditure Unrestricted Total Total 2024 2023 Bank loan and overdraft interest payable Employee costs General administrative costs Legal and professional cost5 172 172 153 17,110 17,110 18,217 50 720 720 840 18.002 18,002 19,260 7 Staff costs 2024 2023 Salaries and wages 17,110 17,110 18,217 18,217 No employee received emoluments in excess of £60,000. 8 Creditors: amounts falling due after more than one year 2024 2023 Accrua15 720 840 720 840 9 Movement in funds Incoming resources (including Atl other February gains/losse5 2023 At31 Resources expended January 2024 Restrirted funds: Unrestricted funds: General funds 37,731 32,103 135,0911 34,743 Total funds 37,731 32,103 135,0911 34,743 Page 11 Downs and Proud Notes to the Accounts 10 Analysis of net assets between funds Unrestrirted funds Restricted fund5 Total Net current assets Creditors due in more than one year and provision5 25,463 10.000 35,463 17201 17201 25,463 9,280 34,743 11 Reconciliation of net debt Ati February 2023 At31 January 2024 Cash flows Cash and cash equivalents 38,571 38,571 13,1081 13,1081 35,463 35,463 Net debt 38,571 13,1081 35,463 Page 12 Downs and Proud Statement of Cash flows for the year ended 31 January 2024 2024 2023 Cash flows from operating artivities Net expenditure per Statement of Financial Activities 12,9881 127,138) Adjustments for: IDecreasel/lncrease in trade and other payables 1120) 840 Net cash used in operating activities 13,108) 126,2981 Net cash from investing artivities Net cash from financing activities Net decrease in cash and cash equivalents 13,1081 126,2981 Cash and cash equivalents at the beginning of the year 38,571 64,869 Cash and cash equivalents at the end of the year 35,463 38,571 Components of cash and cash equivalents Cash and bank balances 35,463 38,571 35,463 38,571 Page 13 Downs and Proud Detailed Statement of Financial Activities for the year ended 31 January 2024 Unrestrirted funds 2024 Total funds 2024 Total fund5 2023 Income and endowments from: Donations and legacies 32,053 32,053 32,053 32,053 9.150 9,150 Charitable activities 50 50 50 50 50 50 Total income and endowments 32,103 32,103 9,200 Expenditure on: Costs of generating donations and legacies 17,089 17,089 17,089 17,089 17,078 17,078 Total of expenditure on raising funds 17,089 17,089 17,078 Other expenditure Bank loan and overdraft interest payable 172 172 153 172 172 153 Employee costs Salaries/wages 17,110 17,110 17,110 17,110 18,217 18,217 General administrative costs, including depreciation and amortisation Stationery and printing 50 50 Legal and professional costs Accountancy and bookkeeping 720 720 840 840 720 720 Total of expenditure of other costs Total expenditure Net gains on investments 18,002 18,002 19,260 35,091 35,091 36,338 Net expenditure 12,9881 12,988) 127,1381 Net expenditure before other gains/llosses) 12,9881 12.9881 127,1381 Page 14 Downs and Proud Detailed Statement of Financial Attivities Other Gains Net movement in funds 12.9881 12,9881 127,1381 Reconciliation of funds: Total funds brought forward 37,731 37,731 64.869 Total funds carried forward 34,743 34,743 37,731 Page 15