BALLYNAHINCH CHILD CONTACT CENTRE STATEMENT OF FINANCIAL ACTIVITIES (Incorporating the Income and Expenditure Account)
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | 2023 | ||
| Notes | £ | £ | £ | £ | |
| Incoming resources | |||||
| Incoming funds from various | |||||
| Grant Awarding Organisations | 1 | 32,337 | - | 32,337 | 29,922 |
| Total incoming resources | 32,337 | - | 32,337 | 29,922 | |
| Resources expended | |||||
| Staff costs | 19,867 | - | 19,867 | 17,475 | |
| Establishment costs | 6,000 | - | 6,000 | 5,250 | |
| Insurance | 1,160 | - | 1,160 | 1,182 | |
| Playground inspection | 420 | - | 420 | - | |
| Trustees meetings and AGM costs | 331 | - | 331 | 747 | |
| Legal and professional fees | 1,050 | - | 1,050 | 750 | |
| Communications and IT | 861 | - | 861 | 406 | |
| Other expenses | 1,988 | - | 1,988 | 1,954 | |
| Total resources expended | 31,677 | - | 31,677 | 27,764 | |
| Net income and (expenditure) | 660 | - | 660 | 2,158 | |
| Balances brought forward | 37,278 | - | 37,278 | 35,120 | |
| Balances carried forward | 37,938 | - | 37,938 | 37,278 |
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.
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BALLYNAHINCH CHILD CONTACT CENTRE BALANCE SHEET 31 DECEMBER 2024
| Notes CURRENT ASSETS Cash at bank Debtors CREDITORS Amounts falling due within one year 5 NET CURRENT ASSETS NET ASSETS FUNDS Restricted funds 6 Unrestricted funds 6 |
31.12.24 £ 40,596 382 40,978 3,040 37,938 37,938 - 37,938 37,938 |
31.12.23 £ 36,940 2,538 |
|---|---|---|
| 39,478 2,200 |
||
| 37,278 37,278 |
||
| - 37,278 37,278 |
APPROVED BY THE TRUSTEES AND SIGNED ON THEIR BEHALF BY:
........................................................................ Mrs Kelly Breen Trustee Date:
The notes form part of these financial statements
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BALLYNAHINCH CHILD CONTACT CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparation
The financial statements of this public benefit entity have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019) � (Charities SORP (FRS 102).
The presentation currency of the financial statements is Pounds Sterling (£).
Going concern basis
At the time of approving the financial statements the trustees have a reasonable expectation that the charity has adequate resources to continue in operation existence for the foreseeable future thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
The following is a summary of the significant accounting policies adopted by the charity in the preparation of the financial statements.
Income
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:
Income from events and courses are recognised when the event or course has been delivered and the charity becomes unconditionally entitled to the income.
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Expenditure on raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Expenditure on charitable expenditure comprises the cost of providing support to research bodies to further the charitable purpose. Together with support costs incurred centrally and governance costs associated with the governance arrangements of the charity and are primarily associated with constitutional and statutory requirements. The charity�s expenditure on governance costs ensures that the organisation complies with legislation and best practice.
Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Fund accounting
The charity has various types of funds for which it is responsible and which require separate disclosure. These are as follows:
(i) Restricted funds
Donations received which are designated by the donor for specific purposes. Such purposes are within the overall aim of the charity.
(ii) Unrestricted funds
Funds which are expendable at the discretion of the charity in the furtherance of the objectives of the charity.
continued...
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BALLYNAHINCH CHILD CONTACT CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 2. INCOME Health & Social Care Trust Award 3. EXPENDITURE Resources expended Staff costs Establishment costs Insurance Playground maintenance Trustees meetings and AGM costs Legal and professional fees Communications and IT Other expenses Staff travelling allowance Total resources expended 4. STAFF COSTS Wages and salaries Other pension costs |
Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 £ £ £ £ 32,337 - 32,337 29,922 Unrestricted Funds Restricted Funds Total Funds Total Funds £ £ £ £ 19,867 - 19,867 17,475 6,000 - 6,000 5,250 1,160 - 1,160 1,182 420 - 420 - 331 - 331 747 1,050 - 1,050 750 861 - 861 406 1,988 - 1,988 1,954 - - - - 31,677 - 31,677 27,764 31.12.24 31.12.23 £ £ 19,737 17,475 130 - 19,867 17,475 |
|---|---|
No employee received emoluments of more than £60,000 in this financial year (2023: Nil)
The average monthly numbers of employees (excluding the trustees) during the year, calculated on the basis of full time equivalents, was 3 (2023: 3).
Trustees did not receive any remuneration or expenses during the year (2023: Nil).
Defined contribution scheme
The charity operates a defined contribution pension scheme. The pension costs charge represents contributions payable by the charity to the pension fund and amounted to £130 (2023: Nil).
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.24 | 31.12.2 | |
|---|---|---|
| £ | £ | |
| Accruals | 3,040 | 2,200 |
continued...
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BALLYNAHINCH CHILD CONTACT CENTR7E
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
6. ANALYSIS OF CHARITABLE FUNDS
| Fund analysis At 1 January 2024 Unrestricted funds General funds 37,278 |
Income Expenditure At 31 December 2024 32,337 (31,677) 37,938 |
|---|---|
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