AIDS Care Education and Training (Northern Ireland) Limited 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 Olher income 1.840 226.048 3.180 172 33 1.840 273.048 3.180 172 33 3,328 223,538 3.848 47,000 155 Total income 231,273 47.000 278,273 230,869 Expenditure Expenditure on Gharitable activities Total expenditure 10 196.1G2 45.989 242,151 219.244 196,162 45.989 242,151 219,244 Net income and net movement in funds 35.111 1,011 36,122 11,625 Reconciliation of funds Total funds brought foNard Total funds carried forward 115,590 150,701 115,590 151,712 103,965 115,590 1,011 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on page5 26 to 36 form part of these financial statements. 24 AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Fixed assets Tangible fixed assets 15 387 703 Current assets Debtors Cash at bank and in hand 16 346 154,690 6,128 159,005 155.036 165,133 Creditors: amounts falling due within one year Net current assets 17 3.711 3,246 161,887 151.325 Total assets less current liabilities 151.712 162,590 Creditors.. amounts falling due after more than one year Net assets 18 47,000 115,5go 151.712 Funds of the charity Kestricted lunds Unrestricted funds 1,U11 150,701 115,590 Total charity funds 22 151,712 115,590 These financial statements have been prepared in accordan￿ with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 26 June 2023, and are signed on behalf of the board by. S Semple MBE Trustee The notes on pages 26 to 36 forni part of these financial statements. 25 AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northem Ireland and a registered charity in Northern Ireland. The address of the registered office is 58a High Street. Holywood. BT18 9AE. Northern Ireland. statement of compliance These financial statements have been prepared in Complian￿ with FRS 102, The Financial Reportlng stancjard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. AIDS Care Education and Training (Northern Ireland) Limited meets the definition of a public benetit entity under FRS 102. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the fijnctional currency of the entity- Golng concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The principal accounting policies adopted. judgements and key Sou￿$ of estimation uncertainty in the preparation of the financial statements are as follows.. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 26 AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity", it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income trom donatsons or grants is recognised when there is evidence of entitlement to the gift, re￿Ipt is probable and its amount can be measured reliably. legacy income is recognised when re￿Ipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this 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 and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of ServI￿S is recognised with the delivery of the contracted service. This is classified as unrestricted 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 regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates= expenditure on raising fijnds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single acts'vity are allocated directly to that activity- Shared costs are apportioned be￿een the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 27 AIDS Care EduGation and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements {continuedJ Year ended 31 March 2023 Accounting policies fcontinuedj Tangible assets (continu 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 gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value, over the useful economic lrfe of that asset as follows: Fixtures and fittings Motor vehicles Equipment 20Yo straight line 20 /0 Straight line 20Qkn straight line Impainnent of fixed assets A review for indicators of impaimient 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. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testsng. when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash infiows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating 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 there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified frjture Performance-￿1ated conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future perfOrMan￿-re1ated conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to sats-sfying the revenue recognition criteria. they are recognised as a 28 AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2023 Accounting policies (ct>ntsnuedJ Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are inttially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly 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 investments are subsequently measured at QSt less impairmenl. Other financial instruments, including derivatives, are initially recognised at fair value. unless payment for an asset is deferred beyond normal business terms 01 finanGed at a late 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 interest for a similar debt instrument. other financial instruments are subsequently measured at frdir value, with any changes recognised in the statement of financial activib'es, with the exception of hedging instruments in a deslgnated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective eviden of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significan￿, and other financial assets that are individually significant, these are assessed individually for impaimient. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related Servi￿ is provided. Prepaid contrtbutions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 29 AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantse Notes to the Financial Statements {continued) Year ended 31 March 2023 Accounting policies (continue Defined contribution plans (contlnued) When contributions 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. Llmlted by guarantee Each of the members of the company has guaranteed to contribute to the assets of the company in the event of the same being would up to the extent of £1. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Donations 1.840 1.840 3.328 3.328 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2023 Department of Health Department of Health Mental Health Fundlcommunity Foundation PHA Regional Sexual Health Training Contract PHA Regional RSE Contract PHA Belfast Area PHA Southeast Area PHA Western Area PHA Southern Area Western HSCT Other Training Revenue 41,295 41,295 47.000 47,000 92,793 89,300 92,793 89,300 1.100 1.560 1,100 1,560 226.048 47,000 273,048 30 AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements (continu Year ended 31 March 2023 Charitable activities (conttnuedj Unrestricted Funds Restricted Total Funds Funds 2022 Department of Health Department of Health Mental Health Fundlcommunity Foundation PHA Regional Sexual Health Training Contract PHA F