Parents’ Education as Autism Therapists
Trustees’ report and financial statements for the year ended 31 December 2018
Charity No: NIC101545 (Northern Ireland)
HM Revenue and Customs Charity No: XR24761
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Contents
| Page (s) | |
|---|---|
| Management committee and advisors | 1 |
| Trustees’ report | 2 – 3 |
| Independent auditors’ report | 4 – 6 |
| Statement of Financial Activitiesand Statement of Comprehensive Income | 7 |
| Statement of Financial Position | 8 |
| Statement of Cash Flows | 9 |
| Statement of Changes in Equity | 10 |
| Notes to the financial statements | 11 – 15 |
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 1
Management committee and advisors
| Management Committee | Registered Auditors | |
|---|---|---|
| Dr. Stephen Gallagher | Chairperson | ASM (M) Ltd |
| Prof. Tony Byrne | Treasurer | Chartered Accountants |
| Olivia Briggs | Committee members | Diamond Centre |
| Emma Murphy | Market Street | |
| Daniel Diamond | Magherafelt | |
| Scott Graham |
Registered Office Bankers 385 Springfield Road First Trust Limited Belfast 322 Antrim Road Glengormley
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 2
Trustees’ report
The Trustees presents its report and the audited financial statements for the year ended 31 December 2018.
Constitution and objectives
The Association, which is recognised as a charity in Northern Ireland, is operated under the rules of its constitution dated 6 December 1997. The management of the Association is the responsibility of its Trustees who are elected and co-opted under the terms of the constitution.
Principal policies to achieve objectives
The Association is established to help and support children and adults suffering from autism and other related communication and behavioral disorders, and to help the families and carers of such people.
Taxation
The Association is registered with HM Revenue & Customs as a charitable body for taxation purposes (HM Revenue & Customs Charity Number XR24761).
Trustees
The Trustees at 31 December 2018, who have all been Trustees for the whole of the year ended on that date, are listed on page 1.
Commentary on the financial statements
Financial statements presentation
The Association’s financial statements have been presented in the format set out as best practice by the Statement of Recommended Practice (“SORP”) “Accounting by Charities” issued by the Charity Commissioners in England and Wales.
The Statement of Financial Activities (“SOFA”) set out on page 7, focuses on showing the total incoming resources, both revenue and capital, which have been made available to the Association during the year and the way in which those resources have been used, whether as direct charitable expenditure in carrying out and supporting the Association’s community driven activities, or in the management and administration of the Association itself. The SOFA also shows those incoming resources for the year received from sources which place restrictions on the way in which the Association can use the funds, and the level of incoming resources that can be used by the Association without restriction, within the Association’s charitable objects.
Financial results and the funding of future work
Both the level of activities and the year end financial position were considered satisfactory given the Association’s objectives and the Trustees expect that this level of activity will be sustained for the foreseeable future.
The Statement of Financial Activities shows a net increase in restricted funds of £18,785 and a net decrease in unrestricted funds of £45,769.
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 3
Trustees’ report
Expenditure on equipment
The movements in fixed assets during the year are set out in note 6 to the financial statements.
Reserves
The Association had net assets of £33,726 at 31 December 2018.
Trustees’ responsibilities
From the constitution the members must comply with their obligations with regard to:
-
¨ the keeping of accounting records of the Association; and
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¨ the preparation of annual statements of account for the Association.
Internal financial control
The Trustees have overall responsibility for ensuring that the Association has in place an appropriate system of controls, financial and otherwise, to provide reasonable assurance that:
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¨ the Association is operating efficiently and effectively;
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¨ its assets are safeguarded against unauthorised use or disposition;
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¨ proper records are maintained and financial information used within the Association or for publication is reliable; and
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¨ the Association complies with relevant laws and regulations.
The Association’s systems of financial control are designed to provide reasonable, but not absolute, assurance against material mis-statement or loss.
Statement of disclosure to auditors
So far as the Trustees are aware, there is no relevant audit information of which the Association’s auditors are unaware. Additionally, the Trustees have taken all the necessary steps it ought to have taken as the Trustees in order to make themselves aware of all relevant audit information and to establish that the Association’s auditors are aware of that information.
Auditors
A resolution to reappoint the auditors, ASM (M) Ltd, will be proposed at the annual general meeting.
By Order of the Board
Dr. S Gallagher Chairperson
9 October 2019
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 4
Independent auditors’ report to the Trustees of Parents’ Education as Autism Therapists
Opinion
We have audited the financial statements of Parents’ Education as Autism Therapists for the year ended 31 December 2018 which comprise the Statement of Financial Activities and Comprehensive Income, the Statement of Financial Position, the Statement of Cash Flows, the Statement of Changes in Equity and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
-
give a true and fair view of the state of the Associations’s affairs as at 31 December 2018 and of its deficit for the year then ended; and
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
Basis for opinion
We conducted our audit in accordance with International 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 independent of the Association in accordance with the 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 accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
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the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
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the Trustees’ have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Association’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 5
Independent auditors’ report to the Trustees of Parents’ Education as Autism Therapists
Other information
The other information comprises the information included in the Trustees’ Report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Association and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.
We have nothing to report in respect of the following matters, in our opinion:
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adequate accounting records have not been kept by the Association, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of Committee members
The Trustees’ are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Association’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees have no realistic alternative but to do so.
Porents, Educt7tson os Autism Theropists Ftnoncit71stotementsfoi the yeor ethled31 DecemberZ018 Poge 6 Independent auditors. report to the Trustees of Parents, Education as Autism Therapists Auditorfs responsibilities for the audlt of the Ilfiandal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fravd Of errol, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not 3 guarantee that an audit conducted in accordance with ISAS IUKI will always deteu a maierial misstatement when It exists. Mi5Statements can arise from fraud or error and are considered material if, Indsvidually or in the a88re8ate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial staiements is located on the Financial Reporting Council's website at.. vJww.fr£.or audrtoisies nsbilities. This description forms part of our auditor's report. Llse of our report This report is made solely to the Tnjstees. as a body. Our atsdit work has been undertaken so that we might slate to the Trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the Association and the Trustees as a body. for our audit work, lor this report, or for the opinlons we have formed. ¢Alllster Isenlor Statut¢)ry Audltor For and on behalf of: ASM IM) Ltd Chartered Accountants and 5tstutory Audltors The Diamond Centre Market Street Magherafelt 9 October 2019 ASM
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 7
Statement of Financial Activities and Statement of Comprehensive Income
| Notes | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | 2018 | 2017 | ||
| £ | £ | £ | £ | ||
| Incoming resources | |||||
| Donations | 25,473 | - | 25,473 | 12,339 | |
| Activities to further the Charity’s objects | 79,349 | 20,443 | 99,792 | 168,593 | |
| Total incoming resources | 1 | 104,822 | 20,443 | 125,265 | 180,932 |
| Resources expended | |||||
| Costs of generating funds | |||||
| Fundraising and publicity | 1,369 | - | 1,369 | 1,031 | |
| Charitable expenditure | |||||
| Management and administration | 18,003 | - | 18,003 | 24,850 | |
| Direct charitable expenditure | 131,219 | 1,658 | 132,877 | 162,653 | |
| Total resources expended | 2 | 150,591 | 1,658 | 152,249 | 188,534 |
| Net movement in funds | (45,769) | 18,785 | (26,984) | (7,602) | |
| Other comprehensive income for the year | - | - | - | - | |
| Total comprehensive income for the year | (45,769) | 18,785 | (26,984) | (7,602) | |
| Reconciliation of movement in funds | |||||
| At 1 January 2018 | 48,833 | 13,020 | 61,853 | 69,455 | |
| Net movement in funds for the year | (45,769) | 18,785 | (26,984) | (7,602) | |
| At 31 December 2018 | 3,064 | 31,805 | 34,869 | 61,853 |
All amounts above relate to continuing operations of the Association.
There is no difference between the net movement in funds for the year stated above and their historical cost equivalents.
The notes on pages 11 to 15 form part of these financial statements
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 8
Statement of Financial Position
| Note | 2018 | 2017 | |
|---|---|---|---|
| s | |||
| £ | £ | ||
| Fixed assets | |||
| Property, plant and equipment | 6 | 293 | 700 |
| Current assets | |||
| Trade receivables | 7 | 5,038 | 4,515 |
| Cash at bank and in hand | 33,152 | 61,628 | |
| 38,190 | 66,143 | ||
| Creditors: amounts falling due within one year | 8 | 3,614 | 4,990 |
| Net current assets | 34,576 | 61,153 | |
| Net assets | 34,869 | 61,853 | |
| Funds employed | |||
| Unrestricted funds | 3,064 | 49,287 | |
| Restricted funds | 31,805 | 12,566 | |
| 34,869 | 61,853 |
The financial statements on pages 7 to 15 were approved and authorised for issue by the Trustees on 9 October 2019 and were signed on its behalf by:
Dr. S Gallagher Chairperson
Prof. T Byrne Treasurer
Registration Number: XR24761
The notes on pages 11 to 15 form part of these financial statements
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 9
Statement of Cash Flows
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Net cash inflow from operating activities | (28,476) | (40,740) | |
| Returns on investments and servicing of finance | |||
| Interest paid | - | - | |
| Net cash inflow/ (outflow) for returns on investments and | - | - | |
| servicing of finance | |||
| Capital expenditure | |||
| Purchase of property, plant and equipment | - | (186) | |
| Net cash outflow for capital expenditure | - | (186) | |
| Financing | |||
| Bank loan repayments | - | - | |
| Net cash outflow for financing | - | - | |
| Increase/ (decrease) in cash and cash equivalents | (28,476) | (40,926) | |
| Reconciliation of operating profit to net cash inflow from operating activities | Reconciliation of operating profit to net cash inflow from operating activities | ||
| 2018 | 2017 | ||
| £ | £ | ||
| Operating surplus/(deficit) | (26,984) | (7,602) | |
| Depreciation on property, plant and equipment | 407 | 540 | |
| (Increase)/decrease in other debtors and prepayments | (522) | (84) | |
| Increase/(decrease) in trade creditors | 1 | (1,403) | |
| Increase/(decrease) in other taxation and social security | (856) | (378) | |
| Increase/(decrease) in other creditors and accruals | (522) | (31,813) | |
| Net cash inflow/ (outflow) from operating activities | (28,476) | (40,740) | |
| Analysis of changes in net debt | |||
| 2018 | 2017 | ||
| £ | £ | ||
| Opening balance | 61,628 | 102,554 | |
| Net cash flow | (28,476) | (40,926) | |
| Closing balance | 33,152 | 61,628 | |
| Change in | |||
| 2018 | 2017 | year | |
| £ | £ | £ | |
| Analysis of balances | |||
| Cash at bank and in hand | 33,152 | 61,628 | (28,476) |
| Bank overdraft | - | - | - |
| 33,152 | 61,628 | (28,476) |
The notes on pages 11 to 15 form part of these financial statements
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 10
Statement of Changes in Equity
| Unrestricted | Restricted | Other | Total | |
|---|---|---|---|---|
| funds | funds | reserves | ||
| £ | £ | £ | ||
| At 1 January 2017 | 14,793 | 54,662 | - | 69,455 |
| Total comprehensive income for the year | 34,040 | (41,642) | - | (7,602) |
| At 31 December 2017 | 48,833 | 13,020 | - | 61,853 |
| Total comprehensive income for the year | (45,769) | 18,785 | - | (26,984) |
| At 31 December 2018 | 3,064 | 31,805 | - | 34,869 |
The notes on pages 11 to 15 form part of these financial statements
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 11
Notes to the financial statements
1. Principal accounting policies
The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom. A summary of the more important accounting policies, which have been consistently applied, is set out below.
Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2018) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Going concern
The Association generated a deficit during the year ended 31 December 2018 but at that date the Association’s assets exceeded its liabilities.
The ability of the Association to continue as a going concern is dependent on the continued support of funding bodies and donations from the general public.
After making enquiries, the Trustees have a reasonable expectation that the Association has adequate resources to continue in operational existence for the foreseeable future. Accordingly they continue to adopt the going concern basis in preparing the Trustees’ Report and the financial statements.
Judgement and key sources of estimation uncertainty
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgments and estimates have been made are summarised below.
Property, Plant and Equipment
Property, plant and equipment is stated at its purchase cost, net of depreciation and any provision for impairment.
Depreciation is calculated so as to write off the costs of property, plant and equipment, less their estimated residual values, on a straight line basis over the expected useful economic lives of the assets concerned, except as noted below. The principal annual rates used for this purpose are as follows:
% Office equipment 20
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 12
Notes to the financial statements
Key accounting policies
Income
All incoming resources are recognised in the Statement of Financial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt. When an incoming resource relating to a future accounting period is received, the amount is treated as deferred income and it is included within creditors in the statement of Financial Position.
Capital grants
Prior to adoption of the SORP, grants specifically for capital expenditure were credited to a deferred credit account and released to income and expenditure over the expected useful lives of the related assets.
In accordance with the SORP, capital grants receivable are recognised immediately in the Statement of Financial Activities unless they are restricted to future accounting periods or may become repayable under the terms attached.
Funds
Parents’ Education as Autism Therapists has various types of funds for which it is responsible and which require separate disclosure. These are as follows:
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¨ restricted income funds: income which is earmarked by the donor for specific purposes. Such purposes are within the overall aims of the Association; and
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¨ unrestricted funds: funds which are expendable at the discretion of the Trustees in furtherance of the objects of the Association. In addition to expenditure on transport provision, such funds may be held in order to finance capital investment and working capital.
Management and administration costs
Management and administration costs relate to the costs of running the Association, such as the costs of meetings, audit and statutory compliance and include any costs which cannot be specifically identified to another expenditure classification.
Deferred income
Deferred income relates to incoming resources in the current year which are specifically to fund activities in future accounting periods.
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 13
Notes to the financial statements
2. Analysis of total resources expended
| Staff costs | Depreciation | Other costs | Total | Total | |
|---|---|---|---|---|---|
| 2018 | 2017 | ||||
| £ | £ | £ | £ | £ | |
| Fundraising and publicity | - | - | 1,539 | 1,369 | 1,031 |
| Management and administration | - | 407 | 17,596 | 18,003 | 24,850 |
| Direct programme expenditure | 113,708 | - | 19,169 | 132,877 | 162,653 |
| 113,708 | 407 | 38,304 | 152,249 | 188,534 |
3. Employee information
The average weekly number of persons employed by the Association during the year was:
| 2018 | 2017 | |
|---|---|---|
| Number | Number | |
| By activity | ||
| Administration | 2 | 2 |
| Direct programme management | 3 | 3 |
| 5 | 5 | |
| 2018 | 2017 | |
| £ | £ | |
| Staff costs (for the above persons) | ||
| Wages and salaries | 100,692 | 115,667 |
| Social security costs | 5,518 | 10,642 |
| Other pension costs | 7,498 | 9,437 |
| 113,708 | 135,746 |
4. Net movement in funds
| 2018 | 2017 | |
|---|---|---|
| £ | £ | |
| Net movement in funds is stated after charging: | ||
| Depreciation charge for the year: | ||
| Property, plant and equipment- owned fixed assets | 407 | 540 |
| Auditors’ remuneration | 1,200 | 1,200 |
5. Taxation
No provision for taxation is required as the Association has charitable status approved by the HM Revenue & Customs.
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 14
Notes to the financial statements
6. Property, plant and equipment
| 6. Property, plant and equipment | ||
|---|---|---|
| Office | Total | |
| equipment | ||
| £ | £ | |
| Cost | ||
| At 1 January 2018 | 14,722 | 14,722 |
| Additions | - | - |
| Disposals | - | - |
| At 31 December 2018 | 14,722 | 14,722 |
| Depreciation | ||
| At 1 January 2018 | 14,022 | 14,022 |
| Charge for the year | 407 | 407 |
| Disposals | - | - |
| At 31 December 2018 | 14,429 | 14,429 |
| Net book value | ||
| At 31 December 2018 | 293 | 293 |
| At 31 December 2017 | 700 | 700 |
| 7. Trade receivables | ||
| 2018 | 2017 | |
| £ | £ | |
| Amounts fallingdue within one year | ||
| Other debtors | 4,954 | 4,431 |
| Prepayment | 84 | 84 |
| 5,038 | 4,515 | |
| 8. Creditors: amounts falling due within one year | ||
| 2018 | 2017 | |
| £ | £ | |
| Accruals | 1,925 | 2,445 |
| Payroll taxes | 1,689 | 2,545 |
| 3,614 | 4,990 |
9. Capital commitments
The Association had no capital commitments at 31 December 2018 or at 31 December 2017.
10. Contingent liabilities
A contingent liability exists to repay grants received should certain conditions not be fulfilled by the Association. In the opinion of the Trustees the terms of the letters of offer have been complied with and a liability is not expected to arise.
The Association had no other contingent liabilities at 31 December 2018 or at 31 December 2017.
Parents’ Education as Autism Therapists Financial statements for the year ended 31 December 2018
Page 15
Notes to the financial statements
- Ultimate controlling party
There is no ultimate controlling party.