HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Total funds 2022 Note Income from: Donations and legacies Charitable activities 100 51,737 51,737 68,109 Totsl income 51,737 51,737 68,209 Expenditure on: Charitable activities 59,249 59,249 51,697 Totsl expenditure 59,249 59,249 51,697 Net movement in funds (7,512) (7,512) 16,512 Reconciliation of funds". Total funds brought forward Net movement in funds 64,250 {7,512 27,888 92,138 (7,512) 75,626 16,512 Totsl funds carried fonNard 56,738 27,888 84,626 92,138 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 11 to 23 form part of these financial statements. Page 8
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) REGISTERED NUMBER: N1048343 BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Fixed assets Tangible assets 10 334 606 334 606 Current assets Debtors 5,159 100,543 1, 742 113,953 Cash at bank and in hand 105.702 115,695 Creditors.. amounts falling due within one year 12 (21.410) (24, 163) Net current assets 84,292 91,532 Total assets less current liabilities 84,626 92, 138 Net assets excluding pension asset 84,626 92, 138 Total net assets 84,626 92, 138 Charity funds Restricted funds 14 56,738 27,888 64,250 27,888 Unrestricted funds 14 Total funds 84,626 92, 138 The company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Directors and signed on their behalf by.. Brian Lambkin Director Hedley Abernethy Director Date" 29108r2024 Page 9
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2023 The notes on pages 11 to 23 form part of these financial statements. Page 10
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General information Healing Through Remembering is a private charitable company limited by guarantee and incorporated and registered in Northern Ireland under Company Registration Number N1048343. The charitable company's registered office is situated at Suite 2.06, Custom House, Custom House Square, Belfast, BT13ET. Healing Through Remembering is an extensive cross-community project made up of a diverse range of individual members with different policitcal perspectives and social experiences. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102> 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 Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Healing Through Remembering meets the definits.on of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Income All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Expenditure on charitsble activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Tangible fixed assets and depreciation Tangible fixed assets costs-ng £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tsngible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Page11
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies {continued) 2.4 Tangible fixed assets and depreciation (continued> Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis- Computer equipment 33 % straight line 2.5 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.6 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.7 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or seNices it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.8 Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.9 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objects'ves of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Directors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 12
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donations and legacies Unrestricted funds 2023 Total funds 2023 Donations Donations Unrestricted funds 2022 Total funds 2022 Donations 100 too Income from charitable activities Restricted funds 2023 Total funds 2023 Income from charitable activities - The advancement of Human Rights, Conflict Resolution or reconciliation or the promotion of Religious or Racial Harmony or Equality and Diversity 51,737 51,737 Restricted funds 2022 Total funds 2022 Income from charitable activities- The advancement of Human Rights, Conflict Resolution or reconciliation or the promotion of Religious or Racial Harmony or Equality and Diversity 68, 109 68, 109 Page 13
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from charitable activities - by funder 2023 2022 International Coalition of Sites of Conscience Department of Foreign Affairs- Reconciliation Fund - part of 1303 Department of Foreign Affairs- Reconciliation Fund - part of 1664 Department of Foreign Affairs- Reconciliation Fund - part of 1991 Diversity Challenges Ulster University - Co-hosting visit of TMIN UOL University of Liverpool Belfast City Council - Day of Reflection Consultancy David Stevens Legacy Grant Screening Violence site visit ISOSC Site visit 6,068 15,409 18,224 18,224 18,438 2,888 4,900 3.000 1, 225 25,350 1,225 2,950 1.750 194 51,737 68, 108 Analysis of expenditure on charitable activities Summary by fund type Restricted funds 2023 Total 2023 The advancement of Human Rights, Conflict Resolution or reconciliation or the promotion of Religious or Racial Harmony or Equality and Diversity 59,249 59,249 Restricted funds 2022 Total 2022 The advancement of Human Rights, Conflict Resolution or reconciliation or the promotion of Religious or Racial Hamiony or Equality and Diversity 51,697 51,697 Page 14
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expenditure by activities Activities undertaken directly 2023 Support costs 2023 Total funds 2023 The advancement of Human Rights, Conflict Resolution or reconciliation or the promotion of Religious or Racial Harmony or Equality and Diversity 45,804 13,446 59.250 Activities undertaken directly 2022 Support costs 2022 Total funds 2022 The advancement of Human Rights, Conflict Resolution or reconciliation or the promotion of Religious or Racial Harmony or Equality and Diversity 37,439 14.258 51,697 Page 15
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expenditure by activities (continued) Analysis of direct costs Conflict resolution 2023 Total funds 2023 Depreciation Transport and storage Office administration 273 273 7,788 393 7,788 393 Bank fees and charges Staff travel costs 219 219 2,434 2,279 3,848 767 798 2,434 2,279 3,848 767 798 Insurance Rent Printing, stationery and postage Events and venue hire Consultancy fees Subscriptions Website and software other travel costs 13,495 419 13,495 419 2,362 208 2,362 208 Stsff wages & salaries Staff pensions 9,323 1,198 9,323 1,198 45,804 45.804 Page 16
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expenditure by activities (continued) Analysis of direct costs (continued) Confiict resolution 2022 Total funds 2022 Depreciation Transport and storage Office administration 67 67 8,072 1,260 206 1,618 2,123 5,333 454 8,072 1,260 206 1,618 2, t23 5, 333 454 Bank fees and charges Staff travel costs Insurance Rent Printing, stationery and postage Telephone and internet Events and venue hire 311 311 1,035 3, 060 461 1,547 523 10,171 1,198 1,035 3, 060 461 1,547 523 10,171 1,198 Consultancy fees Subscriptions Website and Soare Other travel costs Staff wages & salaries Stsff pensions 37.439 37,439 Analysis of support costs Total funds 2023 Total funds 2022 Accountancy Staff wages & salaries Stsff pensions 2,925 9,323 1,198 2, 890 10,170 1,198 13,446 14,258 Page 17
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Independent examiner's remuneration 2023 2022 Fees payable to the company's independent examiner for the independent examination of the company's annual accounts Fees payable to the company's independent examiner in respect of.. All assurance ServIS not included above 1,790 1.802 719 692 All other SeNiS not included above 416 396 Directors. remuneration and expenses During the year, no Directors received any remuneration or other benefits (2022 - £NIL). During the year ended 31 December 2023, no Director expenses have been incurred (2022 - £NIL). 10. Tangible fixed assets Computer equipment Cost or valuation At 1 January 2023 Disposals 20.274 (19,455 At 31 December 2023 819 Depreciation At 1 January 2023 Charge for the year On disposals 19,668 272 (19,455 At 31 December 2023 485 Net book value At 31 December 2023 334 At 31 December 2022 606 Page 18
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11. Debtors 2023 2022 Due within one year Prepayments and accrued income 5,159 1.742 5,159 1, 742 12. Creditors: Amounts falling due within one year 2023 2022 Other taxation and social security Other creditors Accruals and deferred income 200 200 18,438 2.772 21,175 2,788 21,410 24,163 13. Financial instruments 2023 2022 Financial assets Financial assets measured at fair value through income and expenditure 100,543 113,953 Financial assets measured at fair value through income and expenditure comprise cash and cash equivalents. Page 19
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Statement of funds Statement of funds - current year Balance at 31 December 2023 Balance at 1 January 2023 Income Expenditure Unrestricted funds Designated funds Designated Funds - all funds 13,249 13,249 General funds General Funds - all funds 14,639 14,639 Totsl Unrestricted funds 27,888 27,888 Restricted funds Restricted Fund 1 64,250 51.737 159,249) 56,738 Totsl of funds 92,138 51.737 159,249 84,626 Page 20
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Statement of funds (continued) Statement of funds - prior year Balance at 31 December 2022 Balance at l January 2022 Income Expenditure Unrestricted funds Designated funds Designated Funds - all funds 13.249 13,249 General funds General Funds - all funds 14,539 100 14,639 Totsl Unrestricted funds 27, 788 100 27,888 Restricted funds Restricted Fund 1 47,838 68, 109 (51,697) 64,250 Total of funds 75, 626 68, 209 (51,697) 92,138 15. Summary of funds Summary of funds - current year Balance at 31 December 2023 Balance at 1 January 2023 Income Expenditure Designated funds General funds 13,249 14,639 64,250 13,249 14,639 56,738 Restricted funds 51,737 159,249 92,138 51,737 159,249 84,626 Page 21
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Summary of funds (continued) Summary of funds - prior year Balance at 31 December 2022 Balance at l January 2022 Income Expenditure Designated funds General funds 13.249 14,539 47.838 13,249 14,639 64,250 100 Restricted funds 68, 109 (51,69T) 75. 626 68,209 (51,69T) 92.138 16. Analysis of net assets between funds Analysis of net assets between funds - current year Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 334 334 105,702 (78,148) 105,702 (21.410) 56,738 Total 56,738 27,888 84,626 Analysis of net assets between funds - prior year Restricted Restricted funds - class Unrestricted funds funds 2022 2022 Total funds 2022 2022 Tangible fixed assets Current assets Creditors due within one year 606 606 64.250 51.444 (24, 163) 115,694 (24, 163) Total 64, 250 27,887 92, 137 17. Commitments As at 31 Dember 2023 the charitable company had no commitments. Page 22
HEALING THROUGH REMEMBERING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Controlling party The ultimate controlling paty is the Board of Directors who are also Trustees of the charitable company. 19. Going Concern The company's charitsble activities. together with the factors likely to affect its future development, performance and position are set out in the Directors, Report. The financial position of the charity, along with its policies and processes for maintaining current activity. managing its funding and its financial risk management are also set out in the Directors, Report. The charity meets its day to day working capital requirements through third party funding. The current economic conditions create some uncertainty over the levels of the funding that will be available in future periods, although the directors are of the opinion that the third party funders will continue to provide adequate funds. The charity's forecasts and projections. taking account of reasonably possible changes in operating performance, show that the company will be able to operate within its current facilities. The company has ongoing discussions with funders and at this stage no matters have been drawn to its attention to suggest that funding renewals may not be forthcoming on acptable terms. After making enquiries. the Directors have a reasonable expectation that the charity has adequate resources to continue in operation for the foreseeable future. Accordingly the Directors continue to adopt the going concern basis in preparing the annual report and accounts. Page 23