## **COMMUNITY ADVICE ARMAGH LTD** ## **Statement of financial activities** ## **For the year ended 31 March 2019** |||**Unrestricted**|**Unrestricted**|**Unrestricted**||**Restricted**|**Restricted**||**2019**|||**2018**| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||**funds**||||**funds**||**Total**|||**Total**| ||**Notes**||**£**||||**£**||**£**|||£| |**Incoming resources**||||||||||||| |Incoming resources from generating funds:||||||||||||| |Voluntary income|2||31,825||||-||31,825|||19,887| |Activities for generating funds|3||97||||-||97|||-| |Investment income|4||42||||-||42|||13| |Incoming resources from charitable activities|5||96,845||||-||96,845|||130,501| |**Total incoming resources**|||128,809||||-||128,809|||150,401| |**Resources expended**||||||||||||| |Salaries & NIC|6||129,623||||-||129,623|||122,280| |Staff Training|||2,906||||-||2,906|||730| |Rent, light, heat & insurance ACDC - (notional)|||5,150||||-||5,150|||5,150| |Outreach rental|||204||||-||204|||130| |Insurance|||1,343||||-||1,343|||481| |Cleaning|||170||||-||170|||450| |Volunteer expenses, travel, etc|||2,501||||-||2,501|||1,521| |Advertising|||570||||-||570|||-| |Audit fees|||1,380||||-||1,380|||1,380| |Employment consultancy fees|||5,865||||-||5,865|||1,308| |General administration|||1,829||||-||1,829|||952| |Telephone|||1,830||||-||1,830|||1,211| |Sundry expenses|||325||||-||325|||407| |IT maintenance contracts|||660||||-||660|||2,253| |Interest payable and similar charges|||67||||-||67|||71| |Depreciation and impairment|||1,965||||-||1,965|||948| |NACAB subscription|||75||||-||75|||1,211| |**Total resources expended**|||156,463||||-||156,463|||140,483| |||||||||||||| |**Net incoming/(outgoing) resources**||||||||||||| |**for the year**|||(27,654|)|||-||(27,654|)||9,918| **The notes on pages 11 to 14 form an integral part of these financial statements.** **Page 7** ## **COMMUNITY ADVICE ARMAGH LTD** ## **Statement of financial activities** ## **For the year ended 31 March 2019** |Total funds brought forward
**Total funds carried forward**|68,802
41,148|)
(2,215
)
(2,215|66,587
38,933|56,669| |---|---|---|---|---| |||||66,587| The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. **The notes on pages 11 to 14 form an integral part of these financial statements.** **Page 8** ## **COMMUNITY ADVICE ARMAGH LTD** ## **Income and expenditure account** ## **For the year ended 31 March 2019** |**Notes**
**Income**
Operating expenditure
**Operating (deficit)/surplus**
**Other income**
Interest receivable and similar income
**Interest payable and similar charges**
**Retained (deficit)/surplus for the financial year**|**2019**
**£**
128,767
)
(156,396
)
(27,629
42
42
)
(67
)
(27,654|**2018**
**£**
150,388
)
(140,412
9,976
13
13
)
(71
9,918| |---|---|---| All activities derive from continuing operations. **The notes on pages 11 to 14 form an integral part of these financial statements.** **Page 9** ## **COMMUNITY ADVICE ARMAGH LTD** ## **Balance Sheet** ## **as at 31 March 2019** |**as at 31 March 2019**|||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||**Restated**|||| |||||**2019**||||**2018**|||| ||**Notes**|**£**||**£**||**£**|||**£**||| |**Fixed assets**|||||||||||| |Tangible assets|8|||7,795|||||3,070||| |**Current assets**|||||||||||| |Cash at bank and in hand||34,430||||66,807|||||| |||34,430||||66,807|||||| |**Creditors: amounts falling**|||||||||||| |**due within one year**|9|(3,200|)|||(3,200|)||||| |**Net current assets**||||31,230|||||63,607||| |**Total assets less current**|||||||||||| |**liabilities**||||39,025|||||66,677||| |Restricted funds paid in advance||||92|||||90||| |**Net assets**||||38,933|||||66,587||| |**Funds**|10||||||||||| |Restricted income funds||||(2,215|)||||(2,215|)|| |Unrestricted income funds||||41,148|||||68,802||| |**Total funds**||||38,933|||||66,587||| |The financial statements were approved by|the trustees on 4|September||2019 and signed on its behalf by|||||||| |**________________**||||**__________________**|||||||| |**Lynd Roper**||||**Eamon Donnelly**|||||||| |**Director**||||**Director**|||||||| **The notes on pages 11 to 14 form an integral part of these financial statements.** **Page 10** ## **COMMUNITY ADVICE ARMAGH LTD** ## **Notes to financial statements for the year ended 31 March 2019** ## **1. Accounting policies** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year. ## **1.1. Basis of accounting** The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the the Charities Act (Northern Ireland) 1964. ## **1.2. Cashflow** The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity. ## **1.3. Incoming resources** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold. Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable. Income from investments is included in the year in which it is receivable. ## **1.4. Resources expended** Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **1.5. Tangible fixed assets and depreciation** Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: - Fixtures, fittings and equipment 20% straight line **Page 11** ## **COMMUNITY ADVICE ARMAGH LTD** ## **Notes to financial statements for the year ended 31 March 2019** ## **1.6. Defined contribution pension schemes** The pension costs charged in the financial statements represent the contribution payable by the charity during the year. ## **2. Voluntary income** |**Unrestricted**
**funds**
**£**
Southern Health & Social Care Trust
4,800
Welfare Reform
26,579
Donations (grateful clients)
446
31,825
**3.**
**Activities for generating funds**
**Unrestricted**
**funds**
**£**
Other
97
97
**4.**
**Investment income**
**Unrestricted**
**funds**
**£**
Bank interest receivable
42
42
**5.**
**Incoming resources from charitable activities**
**Unrestricted**
**funds**
**£**
Armagh City & District Council
85,253
Armagh City & District Council (Notional)
5,150
Pension Wise
5,750
Money Advice
692
96,845|**2019**
**Total**
**£**
4,800
26,579
446
31,825
**2019**
**Total**
**£**
97
97
**2019**
**Total**
**£**
42
42
**2019**
**Total**
**£**
85,253
5,150
5,750
692
96,845|**2018**
**Total**
**£**
19,485
18,419
402| |---|---|---| |||38,306| |||**2018**
**Total**
**£**
-| |||-| |||**2018**
**Total**
**£**
13| |||13| |||**2018**
**Total**
**£**
106,932
5,150
-
-| |||112,082| **Page 12** ## **COMMUNITY ADVICE ARMAGH LTD** ## **Notes to financial statements for the year ended 31 March 2019** |**6.**|**Employees**|||||||| |---|---|---|---|---|---|---|---|---| ||**Employment costs**|**2019**||**2018**||||| |||**£**||**£**||||| ||Wages and salaries|125,425||120,766||||| |||125,425||120,766||||| ||No employee received emoluments of more than £60,000 (2018 : None).|||||||| ||**Number of employees**|||||||| ||The average monthly numbers of employees (including the trustees) during|||the year,|calculated on the basis of|||| ||full time equivalents, was as follows:|||||||| |||**2019**||**2018**||||| |||**Number**||**Number**||||| ||Staff|8||7||||| ||Voluntary Staff|8||8||||| |||16||15||||| |||||||**Other**||| |**8.**|**Tangible fixed assets**|||||**tangible**||| |||||||**assets**||**Total**| |||||||**£**||**£**| ||**Cost**|||||||| ||At 1 April 2018|||||23,855||23,855| ||Additions|||||6,690||6,690| ||At 31 March 2019|||||30,545||30,545| ||**Depreciation**|||||||| ||At 1 April 2018|||||20,785||20,785| ||Charge for the year|||||1,965||1,965| ||At 31 March 2019|||||22,750||22,750| ||**Net book values**|||||||| ||At 31 March 2019|||||7,795||7,795| ||At 31 March 2018|||||3,070||3,070| |**9.**|**Creditors: amounts falling due**|||||||| ||**within one year**|||||**2019**||**2018**| |||||||**£**||**£**| ||Accruals and deferred income|||||3,200||3,200| **Page 13** ## **COMMUNITY ADVICE ARMAGH LTD** ## **Notes to financial statements for the year ended 31 March 2019** |**Unrestricted funds**|**At**||||**At**| |---|---|---|---|---|---| ||**1 April**|**Incoming**|**Outgoing**||**31 March**| ||**2018**|**resources**|**resources**||**2019**| ||**£**|**£**|**£**||**£**| ||**Restated**||||| |Unrestricted Funds|68,802|128,809|(156,463|)|41,148| **9. Unrestricted funds** ## **Purposes of unrestricted funds** Funds which are expendable at the discretion of the Directors in furtherance of the objects of the charity. Such funds may be held in order to finance capital investment and working capital. |**Restricted funds**|**At**||**At**|| |---|---|---|---|---| ||**1 April**||**31 March**|| ||**2018**||**2019**|| ||**£**||**£**|| ||**Restated**|||| |Restricted Fund|(2,215|)|(2,215|)| ## **10. Restricted funds** ## **Purposes of restricted funds** Grants or donations received, which are earmarked by the donor for specific purposes within the overall aims of the organisation. **Page 14**