West Bann Development Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income 9,379 39,878 45,011 1,103 95,371 1,650 259.595 11,029 299,473 45,011 1,103 1,305 295,605 57,154 40 Total income 261,245 356,616 354,104 Expenditure Expenditure on raising funds.. Costs ol other trading activits'es Expenditure on chariiable activities Total expenditure 9,682 82,473 32,578 221,005 42,259 303,479 37,221 296,505 333,726 92.,155 253,583 345,738 Net Income and net movement In funds 3,216 7,662 10,878 20,378 Reconc•lialion of funds Total funds brought forward Total funds ¢affled forward 110,004 113.220 778,633 786,295 888,637 899.515 868,258 888,637 The statement of financial activrties includes all gains and losses recognised in the year. All income arKI expenditure derive from continuing activities. 14
West Bann Development Company Limited by Guarantee ststement of Financial Position 31 March 2023 2023 2022 Note Flxed assets Tangible fixed assets Investments 17 18 8,736 775,812 784,548 9,530 775,812 785,342 Current assets Debtors Cash at bank and in hand 19 70,477 209,196 279,673 79.071 160.236 239,307 Cradllors: amounts falllng due wlthln ono y•ar Net current assets 20 117,336 162,337 78,269 161.038 Totsl assets less current llabilities 946.885 946.380 Credltors: amounts falllng due after more than one year Net a8sets 21 (47.370) 899,515 {57.744) 888,636 Funds of the charlty Restricted funds Unreslricted funds 786.295 113.220 778.633 110,004 888,637 Total charity funds 25 899.515 These financial statements were approved by the board ot trustees and authorised for issue on 13 December 2023, and are signed on behalf of the board by,. Harry McGill Director 8ernie Cosgrove DitOr These finanaal statements have been prepared in accordance with the provisions applicable to companies subjecl to the small companies regime. 15
West Bann Development Company Llmlted by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General informatlon West Bann Development is a public benefit entity and a privale company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ifeland. The address of the registered office is 8 Kilbwen Court. Coleraine, BT513TP. Statement of compliance These financial ststements have been prepared in compliance wilh FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable to charities preparing iheir xcounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accountlng poll¢1•8 Basls of prnparatlon The financlal statements have been prepared the historlcal cost basis. as modlfied by U)e revaluation of rtain financial assets and liabililies and investment properties measured at fair value through income or expenditure. The financial statements are prepared In sterllng. which Is the functional cuffency ol the entty. Golng conc•rn There are no material uncertainties about the chadtls abllity to continue. Judgements and k•y sources of tImatIOn uncertalnty Accountin9 estimates and assumptions are made concerning the future and, by their nature. will rarely equal the related actual outcome. The key assumptions and Other sources of estimation uncertainty that have a significant risk of causing a material adjustment to Ihe carrying amounts of assets and liabilities wiihin the next financial year are as follows.. Depreciation rates for equipment and fixtures have been estimaled based on expected future value. The carryin9 values at the current and previous year ends are disclosed in noie 16 of the Financial Staternents. Fund accounllng Unrestricted funds a available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future projecl or commitmenl. Restricted funds are subjected to restrictions ¢)n their expenditure deClad by the donor or through the terms of an appeal, and fall into one of Iwo suklasses.. restricted income funds or endowmenl funds. 16
West Bann Development Company Limited by Guarantee Notes to the Financial Statsments (¢oniinued) Year ended 31 March 2023 Accounting policies (contlnued) Incomlng resources All incoming resources are included in the stalement of financial actNlties when entitlement has passed to Ihe charity. it is probable that the economic benefits associated with the transadion will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, leIpl is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlemenl is established. income from donated goods Is measured at the falr value of the goods unless Ihls Is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities arKI services are recognised in Ihe accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts lor the supply of services is recognised with the delivery of Ihe conlracted service. This is classified as unfestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, In which case it may be iegarded as restricted. Resources exnded Expenditure is recognised on an accruals basis as a liability is incued. Expenditure includes any VAT which cannot be fully recovered. and is dassified under headings of the statement of financial aclivities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitsble trading activits'es, and Ihe sale of donated goods. expenditure on charitable activilles includes all costs incurred by a charity in undert8kin9 activities ihat further lis charftable aims f the benefit of its benerlaries, including those support costs and costs relating lo the governance of the charity apportioned to charitsble aclivities. other expendrture includes all expendtture that is neither related lo raising funds for the charity nor part of its expenditure on charilable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocaled directly to that activity. Shared costs are apportioned between the aclivities they contribute to on a reasonable. justifiable and consistent basis. Tangible a88et8 Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and impaiment losses. Any tangible assets caffied at revalued amounts are recorded at the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impainment losses. 17
West Bann Development Company Limited by Guarantee Notes to the Financial Statements f¢ontlnuedJ Year'ended 31 March 2023 Accounting policies (eontlnuèd) Tangible assets (C{lIned) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gain5 and losses, except to which it offsets any previous revaluation gain, in which case the 105s is shown within other recognised gains and losses on the statemenl of financial activitie5. Depreciation Depreciation is calculated so as lo wrile off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows.. Flxtures, fittings & furniture Creche equipment Office equipmenl Computer equipment 10°/0 Straight line 10'h Siraight line 10Vo Straight line 25•kn slrai9ht line Investments Unlisted equlty investments are initially recorded at cost, and subsequeniiy measured ai fair value. If fair value cannot be reliably measured, assets are measured at cost less impairmenl. Listed inv8Stments ace measured at fair value with changes in fair value being recognised in income or expenditure. Investment property Investment property is Inltlally recorded at cost, whlch Includes purchase price and any directly attributable expenditure. Investrnent property is revalued to its fair value al each reporting date and any changes in fair value are cecognised in income or expenditure. If a reliable measure ol fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on*oing basis. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prlor Impairments are also reviewed for possible reversal at each reporting date. 18
West Bann Development Company Limited by Guarantee Notes to the Financial Statements (conthiuodj Year ended 31 March 2023 Ac¢ountlng polkles f¢onUnu¢dJ Impalrm•nt of fixed assets (eonflnuedj For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is rnade of the recoverable arnount of the Cashenerating unit to which the asset belongs. The cash-generating unit is Ihe smallest identifiable group of assets that includes the asset and generates cash infiows that largely independent of the cash innov from other assets or groups of assets. For impaimeni testing of goodwill, the goodwill acqulred In a buslness comblnation is, from the acquisition date, allocated to each of ihe CaShenerating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until Ihere is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where ihe grant does not impose specif*d future performance-related condltions Qn the recipient, it is recognised in income when the grant proceeds are recerved or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised In income only when the performance-related conditions have been met. Where grants received are prior to satisfying ihe revenue recognition criteria, they are recognised as a liability. FlThancial in8trument8 A financial asset or a financial liability is reco9nised only when the charity becomes a paty to the conlractual provislons of the instrument. Basic financial instruments are inilially recognised at the amount receivable or payable Induding any related transaclion cosls. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and noi discounted. Oebl instruments are subsequently measured at amortised cost. Where investments In shares are publicty traded or their fair value can otherwise be measured reliably. the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investmenis are subsequentty measured at St less impairment. Other financial insirurnenls. including detivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed ai a rate of interest that is not a market rate. in which case the asset is measured at the present value of the future payments discounted at a market rate of inlerest for a similar debl instrument. 19
West Bann Development Company Limitsd by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Accounting policies (¢on¢lnuodJ Flnancial instruments (conllnued) Other financial instruments are subsequentty measured at fair value. with any changes recognised in the statement of financial aciivities, with the exception of hedgin9 instruments in a designated hedging relationship. Financial assets that are measured at cost or amorts'sed cost are reviewed for objective evidence of impaim)ent at the end of each leporting date. If there is objective evidence of impairment. an impairment loss is recognised under the appropnate heading in the statement of finanaal activities in which the iniiial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually lor impairment. Other firk3ncial assets are either assessed indivKlually or grouped on the basis of similar credit risk characteristrcs. Any reversals of impairment are recognised imrnediately. lo the exlent that the reversal does not result in a carrying amount ol the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined Contrlbutlon plans Contributlons to defined contribulion plans are recognlsed as an expense in the peric(l in which the related sepiice is provided. Prepaid contributions are recognised as an asset lo the extent that the prepayment will lead to a ieducts'on in future payments or a cash refund. When contributK)ns are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guaraniee West Bann Development is a cornp8ny limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as be required not exceeding £1 to the assets of the company in the evenl of its being wound up while he or she is a member, oi within one year year after he or she ceases to be a member. tlonations and lega¢les Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations received PCCT don81ion 9,379 9,379 1,650 1,650 9,379 1,650 11,029 20
West Bann Development Company Llmited by Guarantee Notes to the Financial Statsments (Colllinuedj Year ended 31 March 2023 Donations and legacies (conllnued) Unrestricted Funds Restricted Total Funds Funds 2022 Donations Donations received PCCT donation 405 405 900 900 405 900 1.305 Charltsble a¢liviti¢s Unrestricted Funds Restricted Total Funds Funds 2023 IT and Educational Course Fees Early Years Course Fees Health and Wellbeing Course Fees DFC Regeneration Prqect DFC Health & Well Being Projecl DFC Churchlands Community Supporting Families TLP DFC Churchlands Community Supporting Families TLP -pa to schools Pathway Fund Causeway Coast & Glens 8C BBC Children in Need Coleraine Sure Start (2 year old progr8mme) CRUN Big Lottery I COAST Radius Housing CBC deferred income released ESF . Leam to Earn Central Good Relations Fund Up Programrne Focus on Family Northern Childcare Partnership Boys and Girls Club Police Community Safety Partnership Bytes 9,793 6,265 23,820 9,793 6,265 23.820 63.612 2,800 63,612 2,800 61,024 61,024 {59.747) 18,000 3,500 (59,747> 18,000 3.500 62,597 62,597 26,892 7,161 9,524 57,706 26,892 7,161 9,524 57,70S 750 925 4,851 259.595 750 925 4,851 299,473 39,878 21
West Bann Development Company Limited by Guarantse Notes to the Financial Statements (¢onllnu•dJ Year ended 31 March 2023 Charltable actlvltles (¢oniinu•d) Unrestricted Funds Restricted Total Funds Funds 2022 IT and Educational Course Fees Early Years Course Fees Health and Wellbeing Course Fe88 OFC Regeneration Project DFC Health & Well Being Pfoject DFC Churchlands Community Supporting Families TLP DFC Churchlands Community Supporting Farnilies TLP-pa to sctrthls Pathway Fund Causeway Coast & Glens BC B8C Children in Need Coleraine Sure Start (2 year old programme) CRUN Lottery I COAST Radius Housing CBC deferred income released ESF - Learn to Earn Central Good Relations Fund Up Programme F4xus on Famlly Northern Childcare P8rtnership Boys and Girls Club Police Community Safety Partnership Bytes 13,104 9.488 5,840 13,104 9,488 5,840 61,318 2,800 61,318 2,800 61,433 61,433 (59.747) 18,000 7.692 1,348 57,101 4,994 23,727 7,969 9.524 35.979 27.414 2,075 2,409 2,440 697 (59,747) 18,000 7,692 1,348 57,101 4,994 23,727 7,969 9,524 35,979 27.414 2,075 2,409 2,440 697 28,432 267,173 295.60S Other trnding activilies Unrestricted Tolal Funds Unrestricted Total Funds Funds 2023 Funds 2022 Hall Renl Board Room Rent IT Suite Rent Unit Rent Office Rent Catering Provision Consultancy Photocopying I Printing Services 5,882 3,596 175 16,380 910 862 17.036 170 5.882 3.596 175 16,380 910 7,470 10 7,470 10 20,020 1,560 20,020 1.560 17,036 170 27,940 154 27.940 154 45,011 45,011 57,154 57,154 22
West Bann Development Company Llmited by Guarantee Notes to the Financoal Ststsments leon¢lnued) Year ended 31 March 2023 Investment Income Unrestricted Total Funds Unrestricted Totsl Funds Funds 2023 Funds 2022 Bank interest receivable 1,103 1,103 40 40 Costs of othef trading activities Unrestricted Funds Restricted Totsl Fundg Funds 2023 Staff costs Other trading activity 1- employerfs NIC Other trading activity 1- pension costs Other trading activity 1 rent Water charges Electricity Premises repairs & maintenance Insurance Advertising Consultancy fees Telephone and internet Mlscellaneous Depreciation Trainlng Bank charges Heating fu81 Postage Office stationery Computer repairs and sepdicing Compuier software Cleanin9 6,871 {226) 162 434 961 (17) 78 15.500 95 589 22,371 (131) 751 434 961 2,784 1,509 1,673 2.801 1,431 1.673 310 5,314 1,471 25 1,035 5,624 1,476 415 1,114 390 79 419 419 1,121 256 369 14 799 300 1,121 256 306 14 762 185 63 38 115 9,682 32,578 42,259 23
West Bann Development Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2023 Costs of other Irading activities (et)nllnuedJ Unrestricted Funds Restrlcled Total Funds Funds 2022 Staff costs Other trading acts.vity 1- employerfs NIC Other trading activity 1- pensKM costs Olher trading activity 1 rent Water charges Electricity Premises repairs & maintenance Insurance Advertising Consultancy lees Telephone and inlemet Miscellaneous Depreciation Training Bank charges Healing fuel Postage Office stalionery Computer repairs and serviclng Computei software Cleaning 9.244 (59) 130 11,394 1,153 287 20,638 1,093 417 (4,020> (4,020) 2,133 1,690 1,808 12 7.445 1,423 265 1,664 78 344 854 238 192 25 733 189 2,133 1,303 1.808 388 12 7,445 1.341 22 1,528 54 81 244 136 23 344 854 238 189 25 689 110 43 79 6,648 30.573 37.221 10. Expendlture on charllable activiti88 by fund typo Unrestricted Funds Restricted Total Funds Funds 2023 West Bann Developrnent Charity Support costs 63,457 19,016 146,569 74,436 221.005 210,025 93,454 303.479 82.473 Unrestricted Funds Restricted Total Funds Funds 2022 West Bann Development Charily Support cosls 37.086 28,934 162,517 67,967 230,484 199.602 96,903 66,020 296.505 24
West Bann Development Company Lomlted by Guarantee Notes to the Financial Statements {coftthiu•dJ Year ended 31 March 2023 11. Expendltur• on charltable actlvltles by acilvlty type Aciivitles undertaken directly Support costs Toial fund8 2023 Totsi fund 2022 West 8ann Development Charity Govemance costs 210.025 89,31S 4,139 93,454 299.340 4.139 303,479 289.777 6.728 296,505 210,025 12. An8ly818 of 8UPPOrt C08ts Analysis of support costs activity 1 Total 2023 Total 2022 Staff costs Premises Communications and IT General office Finance costs Governance costs Insurance Consultancy fees Depredaiion 51,171 12,718 5.094 2,315 933 4,138 1,886 12,519 2,479 51,171 12,718 5,094 2,315 933 4,138 1,886 12,519 2,479 93,253 49,472 10,832 4,854 1,736 767 6,728 2,039 16,570 3,705 96,703 93,253 13. Net Income Net income is stsied after chargingl(credibrvJ)'. 2023 2022 Depreclaiion of tan9lble fixed assets 3.593 5,369 14. Audltors remunerallon 2023 2022 Fees payable for the audit of the financial ststements 3,950 6,480 25
West Bann Development Company Limited by Guarantee Notes to the Financial Statements l¢onthJuod) Year ended 31 March 2023 15. Staff costs The total slaff costs and empk>yee benefrts for the reporting period are analysed as follows: 2023 2022 Wages and salaries Sc¢ial security costs Employer contributions to penston plans Other employee benefits 216.534 10.813 5.561 206,745 10,449 3,854 173 232,908 221,221 The average head count of employees during the year was 13 (2022., 14). The average number of lull-time equivalent employees durin9 the year is analysed as follows: 2023 No. 2022 No. Management Administration & Support Earfy Years Good Moming Causeway Causeway Leain to Earn 13 14 No employee received employee benefits of more than £60.000 during the year (2022.. Nil). 16. Trustee remuneratlon and expense8 No MuneratiOn or other benefits from employment with the charity or a related entity were received by the trustees. 17. Tangible flxed as8•ts Fixtures and Creche Office IT fittings Equipment Equipment Equipment Total Cost At 1 Aprtl 2022 Additions 9,528 580 21,115 1,726 21,190 84.660 493 136.493 2.799 139,292 At 31 Mah 2023 10,108 22,841 21,190 85.153 Depreclatlon At 1 April 2022 Charge for the yeai Al 31 Mar¢h 2023 7.504 454 16,957 1,596 20,486 299 82.016 1.244 126.963 3.593 7,958 18.553 20.785 83.260 130,556 Carrying amount At 31 March 2023 2,150 2,024 4,288 4,158 405 1.893 8,736 9,530 At 31 March 2022 704 2,644 26
West Bann Development Company Limited by Guarantee Notes to the Financial Statements C¢ontlnuedJ Year ended 31 March 2023 18. Investments Invesiment properties Co$1 or valuatlon At 1 Aprll 2022 and 31 March 2023 Impaiim•nt At l April 2022 and 31 March 2023 Carrying arnount At 31 March 2023 775,812 775,812 775,812 At 31 March 2022 All investments shown above are held at valuation. Inve8tmont propertlos Investment property has been valued by the directors at the year end date. The valuatlon is based on applying a suitable rate to the current rental Income assuming lull occupancy. In Ilne wlth rates applying io similar properties in the locality. 19. Debtors 2023 2022 Trade deblors Prepaymenls and accrued Incorne Other debtors 69,034 62 1,381 73,342 4,098 1,631 70,477 79,071 20, Credltors; amounts falllng due wlthln one year 2023 2022 Trade creditors Accruals and deferred In¢ome Other creditors 37,269 79,526 541 31,230 46,908 131 117,336 78,269 21. Creditors: amounts falling due after more than one year 2023 2022 Tradè creditors Accruals and defeffed Income 18.794 28.576 19,844 38,100 47,370 57,744 27
West Bann Development Company Limited by Guaranteè Notes to the Financial Statements {contlnu•éJ Year ended 31 March 2023 22, Deferred Income 2023 2022 At 1 April 2022 Amouni released to income 38.100 (9.524) 28.576 47,624 (9.524) 38,100 At 31 March 2023 23. Pensions and other post r8tiroment benefits Defin•d conlrlbutlon plans The amounl recogni5ed in income or expenditure as an expense in relation to defined contribution plans was £5.561 (2022,. £3.854). 24. Gov•rnm•nt grants The arnounis recognised in the financial statements for government grants are as follows: 2023 2022 Recognised in creditors.. Deferied government grants due after more than one year 28,576 38,100 25. Analysis of charitsble funds Unrestricted funds At 31 March 202 At 1 April 2022 Income Expenditure General funds Pre - incorporation unrestricted fund 40,792 69,212 95,371 (92,155) 44,008 69,212 110,004 95,371 (92,155) 113,220 Restrlctèd lund8 At 31 March 202 At 1 April 2022 Income Expenditure West Bann Charity Restricted Fund Buildings Restricted Fund 54,516 724.117 251,721 9,524 (253.583) 52,654 733,641 786,295 778,633 261,245 (253.583) 28
West Bann Development Company Limited by Guarantee Notes to the Financial Ststements (condnu•d) Year ended 31 March 2023 26. Analysls of net a&sets between funds Unrestricted Funds Restricted Total Funds Total Funds Funds 2023 2022 Tangib fixed assets Investments Current assets Credilors less than 1 year Creditors greater than 1 year Nel a88ets 597 8,140 8.737 775,812 775,812 126,177 153,495 279,672 (13.554) {103,782) (117,336) (47,370) (47,370) 786,295 899,515 9,530 775.812 239,307 (78,269) {57,744) 888,636 113,220 29
West Bann Development Company Limited by Guarantse Management Informatlon Year ended 31 March 2023 The following pages do not forni part ol the financial Statements. 30
West Bann Development Cornpany Limited by Guarantee Detailed Statement of Financial Activitles Year ended 31 March 2023 2023 2022 Income and endowments Donations and legacies Donations received PCCT donation 9,379 1,650 11,029 405 900 1,305 Charltablo actlvltles IT and Educational Course Fees E8rly Years Course Fees Health and Wellbeiro Course Fees DFC Regeneration Project DFC Health & Well Being Project DFC Churchlands Community Supportlng Families TLP DFC Churchlands Community Supporting Families TLP -paid to schools Pathway Fund Causeway Coast & Glens BC BBC Children in Need Coleraine Sure Start (2 year old programmo) CRUN Big Lottery I COAST Radius Housing CBC deferred incorne released ESF - Learn to Earn Central Good Relations Fund Up Programme Focus on Family Northern Childcare Partnership Boys and Girls Club Police C¢)mmunity Safety Partnership Bytes 9,793 6.265 23,820 63,612 2,800 61,024 {59,747) 18.000 3,500 13.104 9,488 5,840 61,318 2,8CMJ 61,433 {59,747) 18,000 7,692 1,348 57,101 4,994 23,727 7,969 9,524 35,979 27,414 2,075 2,409 2,440 697 62.597 26,892 7,161 9,524 57.706 750 925 4.851 299,473 295,605
West Bann Development Company Limited by Guarantee Detailed Ststement of Financial Activities (contlnuèd) Year ended 31 March 2023 Other trading actlvitles 2023 2022 Hall Rent Board Room Rent IT Suite Rent Unit Rent Office Renl Catering Provision Consultancy Photocopying I Prlnting Services 5.882 3.596 175 16,380 910 7.470 10 20,020 1.560 17,036 170 27,940 154 45,011 57,154 Inveslment Income Bank interest receivable 1,103 40 Tolal income 356,616 354.104 32
West Bann Development Company Limltad by Guarantee Detsiled Statement of Financial Activitie8 (eonlnued) Year ended 31 March 2023 2023 2022 Expendlture Costs of other tradlng actlvltlo8 Wages and salaries Employerfs NIC Pension costs Rent Rates and water Light and heat Repairs and maintenance Insurance Motor vehicle expenses Legal and professional fees Telephone Other office costs Oepreciation Training Bank charges Heating fuel Postage Office stationery Computer repairs and seNicing Compuier solhvare Cleaning 22,371 (131) 751 434 961 2.784 1.509 1,673 20.638 1,093 417 (4,020) 2,133 1,690 1,808 12 7,445 1,423 265 1,664 78 344 8S4 238 192 25 733 189 5,624 1.476 415 1,114 419 1,121 256 369 14 799 300 42,259 37,221 Expendllure on charStabl• actlvltles Wages and salaries Employerfs NIC Pension costs Other post-retiremenl benefits Rent Light and heat Repairs and maintenance Insurance Vehicle leasinglhire Other motorltravel costs Legal and professional fees Telephone Other office costs Qepreciatlon Printing Course expenses - compuier l educational Course expenses - recreational l exercise Course expenses - early years 194,163 10,944 4,810 186.107 9.356 3.437 173 4,292 4,748 3,762 2,039 195 3,157 6,533 3,166 3,891 3,705 965 5,733 764 2,3S8 6,262 6,196 3,359 1,886 135 2,664 4,004 3,285 2,667 2,479 1,397 8.233 3,588 1,937 33
West Bann Development Company Limited by Guarantee Detailed Ststement of Financial Activities (coneinuedj Year ended 31 March 2023 2023 2022 Brought fonNard 258,009 244,381 Course expenses - complernentary therapies Course expenses - community engagement Course expenses - youlh engagement Creche expenses Craft materials Catering Advertising Training Consultancy fees Healing fuel Postage Office Slationery Computer seicIng & repairs Compuler software Cleaning Donations 8ank fees 11,883 434 1,601 20 1,025 4.574 442 170 17.825 2,496 569 821 30 1,779 668 200 933 11.840 7,621 157 1,308 2,648 351 120 22,147 1,902 529 426 57 1,631 420 200 767 303,479 296,505 Total •xp•nditure 345.738 333,726 Net income 10,878 20,378 34
West Bann Development Company Limited by Guarantee Notes to the Detalled Statement of Financial Activities Year ended 31 March 2023 2023 2022 Costs of other trading aetivities Rent, hire and providing seNices staff costs other trading actNity 1- employerfs NIC Other trading activty 1- pension costs Other trading activity 1- rent Water charges Electricity Premises repairs & maintenance Insurance Advertising Consultancy fee5 Telephone and iniemet Miscellaneous Depreclation Training Bank charges Heatin9 fuel Posiage Office stationery Computer repaits and seThicing Computer sofrNare Cleaning 22,371 (131) 751 434 20,638 1,093 417 (4.020) 2,133 1,690 1,808 12 7,445 1,423 265 1,664 78 344 854 238 192 25 733 189 2,784 1,509 1,673 5.624 1,476 415 1,114 419 1,121 256 369 14 799 42,259 37,221 Costs of other tfadlng actlvlti 42,259 37,221 35
West Bann Development Company Limited by Guarantee Notes to the Detailed Ststement of Financial Activities fcontlnued) Year ended 31 March 2023 2023 2022 Expenditure on Charitable activlties West Bann Development Charily Activities undertaken directly staff costs Direct charitsble activity 1- employers NIC Direct charitable activity 1 pension costs Rent Travel costs Miscellaneous expenses Prlnting Course expenses - computer l educational Course expenses - recreational l exercise Course expenses - early years Course expenses - complementary therapies Course expenses - community engagement CoLtrse expenses - youth engagernent Creche expenses Craft rnaterials Caterlng Advertising Trainin9 Consultancy fees 144,370 11.237 3.139 6,262 2,664 1,743 1,397 8.233 3.588 1.937 11.883 434 1.601 20 1.025 4.574 442 170 5,306 140,170 6,922 2,509 4,292 3,157 3,301 965 5,733 2.358 11.840 7,621 (6) 1,308 2.648 323 120 5,577 210.025 199,602 Support costs Staff costs Support charitable activity 1- employerfs NIC Support charitable activity 1 pension costs Support charitable activity 1- trainlng Electricity Premises repairs & maintenance Insurance Telephone and internet Miscellaneous Depreciation Creche expenses Advertlsing Consultancy fees Heating fuel Posla9e Office stationery Computer repairs & servicing Compuler software Cleaning Donations 49,793 (293) 1,671 45,937 2,434 928 173 4,748 3,762 2,039 3,166 590 3,70S 183 28 16,570 1,902 529 426 57 1.631 420 200 6,196 3,359 1,886 3,285 924 2,479 12.519 2,496 569 821 30 1,779 668 200 36
West Bann Development Company Limited by Guarantee Notes to the Detailed Ststement of Financlal Actlvltles (¢ontinued) Year ended 31 March 2023 2023 2022 Brought forward 88,382 89,408 Bank fees 933 767 89,315 90,175 Governance costs Govemance costs - subscriptions Governance costs - audit fees Governance costs - legal and ott1 professional fees 135 3,950 195 6,480 53 4,139 6,728 Expend•ture on Charitable activities 303,479 296,505 37