2024-03-31-accounts

Orchardville Society Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2024

			2024		2023
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income
Donations and legacies	5	6,087	1,489	7,576	25,796
Charitable activities	6	–	1,782,771	1,782,771	1,666,565
Other trading activities	7	567,655	–	567,655	778,343
Investment income	8	5,954	–	5,954	2,284
Other income	9	2,298	–	2,298	2,509
		─────────	────────────	────────────	────────────
Total income		581,994	1,784,260	2,366,254	2,475,497
		═════════	════════════	════════════	════════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies	10	(6,395)	–	(6,395)	(23,499)
Costs of other trading activities	11	(180,329)	–	(180,329)	(319,473)
Expenditure on charitable activities	12	(674,386)	(1,754,875)	(2,429,261)	(2,487,398)
		─────────	────────────	────────────	────────────
Total expenditure		(861,110)	(1,754,875)	(2,615,985)	(2,830,370)
		═════════	════════════	════════════	════════════
		─────────	────────────	────────────	────────────
Net expenditure		(279,116)	29,385	(249,731)	(354,873)
		═════════	════════════	════════════	════════════
Transfers between funds		6,355	(6,355)	–	–
		─────────	────────────	────────────	────────────
Net movement in funds		(272,761)	23,030	(249,731)	(354,873)
Reconciliation of funds
Total funds brought forward		524,214	71,159	595,373	950,246
		─────────	────────────	────────────	────────────
Total funds carried forward		251,453	94,189	345,642	595,373
		═════════	════════════	════════════	════════════

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 pages 20 to 34 form part of these financial statements.

17

Orchardville Society Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2024

		2024	2023
	Note	£	£
Fixed assets
Tangible fixed assets	17	65,628	84,073
Current assets
Stocks	18	6,418	17,752
Debtors	19	116,744	191,064
Cash at bank and in hand		471,928	537,575
		─────────	─────────
		595,090	746,391
Creditors: amounts falling due within one year	20	(315,076)	(235,091)
		─────────	─────────
Net current assets		280,014	511,300
		─────────	─────────
Total assets less current liabilities		345,642	595,373
		─────────	─────────
Net assets		345,642	595,373
		═════════	═════════
Funds of the charity
Restricted funds		94,189	71,159
Unrestricted funds		251,453	524,214
		─────────	─────────
Total charity funds	24	345,642 ═════════	595,373 ═════════

These financial statements have been prepared in accordance 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 19 November 2024, and are signed on behalf of the board by:

Kathryn Martin (Chair) Trustee

Louise Tiffney (Treasurer) Trustee

The notes on pages 20 to 34 form part of these financial statements.

18

Orchardville Society Limited

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 March 2024

	2024	2023
	£	£
Cash flows from operating activities
Net expenditure	(249,731)	(354,873)
Adjustments for:
Depreciation of tangible fixed assets	23,557	40,102
Other interest receivable and similar income	(5,954)	(2,284)
Interest payable and similar charges	1	–
Accrued income	(9,093)	(136,873)
Changes in:
Stocks	11,334	3,041
Trade and other debtors	74,320	35,753
Trade and other creditors	89,078	(4,652)
	─────────	─────────
Cash generated from operations	(66,488)	(419,786)
Interest paid	(1)	–
Interest received	5,954	2,284
	────────	─────────
Net cash used in operating activities	(60,535)	(417,502)
	════════	═════════
Cash flows from investing activities
Purchase of tangible assets	(12,475)	(7,566)
Proceeds from sale of tangible assets	7,363	1,522
	────────	─────────
Net cash used in investing activities	(5,112)	(6,044)
	════════	═════════
Net decrease in cash and cash equivalents	(65,647)	(423,546)
Cash and cash equivalents at beginning of year	537,575	961,121
	─────────	─────────
Cash and cash equivalents at end of year	471,928	537,575
	═════════	═════════

The notes on pages 20 to 34 form part of these financial statements.

19

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is Lagan Village Tower, 144-152 Ravenhill Road, Belfast, BT6 8ED.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard 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 Companies Act 2006.

3. 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 functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

20

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. 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 from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt 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 services 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 funds 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 governance 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 activity are allocated directly to that activity. Shared costs are apportioned between 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.

21

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Tangible assets (continued)

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 life of that asset as follows:

Long leasehold property	-	4% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	33% straight line
Equipment	-	33% straight line

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. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, 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 inflows 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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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.

22

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Government grants (continued)

Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received 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 the revenue recognition criteria, they are recognised as a liability.

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 initially 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 cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at 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 interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence 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 significance, and other financial assets that are individually significant, these are assessed individually for impairment. 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.

23

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

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.

4. Limited by guarantee

The company is limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up while he or she is a member or within one year after he or she ceases to be a member.

5. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Donations
Sundry donations	6,087	1,489	7,576
	═══════	═══════	═══════
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Donations
Sundry donations	23,443	2,353	25,796
	════════	═══════	════════

24

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

6. Charitable activities

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
SDS Income	–	97,440	97,440
Travel to Work	–	6,591	6,591
BBC - Children in Need	–	–	–
Employability solutions BHSCT Income	–	37,667	37,667
DoH Castle Buildings	–	–	–
Community Foundation NI	–	–	–
Carers Fund	–	35,050	35,050
Department of Justice	–	16,000	16,000
Rank Foundation	–	14,270	14,270
OCN NI grant	–	576	576
Department of Health	–	–	–
Mid and East Antrim BC	–	–	–
The Cedar Foundation	–	–	–
Barclays	–	–	–
ESF Grant Aid	–	–	–
Belfast Health & Social Care Trust	–	266,738	266,738
Clasp Project	–	22,820	22,820
Workable	–	86,743	86,743
Tap 2	–	71,478	71,478
South Eastern Health & Social Care Trust	–	324,335	324,335
Western Health & Social Care Trust	–	22,860	22,860
Motability	–	77,000	77,000
Lottery Community Fund	–	77,287	77,287
UKSPF SkillSet	–	579,765	579,765
PA Foundation	–	27,500	27,500
Community Fund	–	1,681	1,681
Dormant Accounts	–	6,000	6,000
Belfast City Airport	–	3,530	3,530
Lisburn & Castlereagh City Council	–	3,140	3,140
Ards & North Down BC	–	300	300
Wills Charitable Trust	–	4,000	4,000
	────	────────────	────────────
	–	1,782,771	1,782,771
	════	════════════	════════════

25

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

6. Charitable activities (continued)

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		£	£	£
	SDS Income	–	96,274	96,274
	Travel to Work	–	4,209	4,209
	BBC - Children in Need	–	39,833	39,833
	Employability solutions BHSCT Income	–	36,379	36,379
	DoH Castle Buildings	46,838	–	46,838
	Community Foundation NI	–	3,000	3,000
	Carers Fund	–	35,330	35,330
	Department of Justice	–	4,000	4,000
	Rank Foundation	–	12,797	12,797
	OCN NI grant	3,340	288	3,628
	Department of Health	35,305	–	35,305
	Mid and East Antrim BC	–	2,900	2,900
	The Cedar Foundation	–	70	70
	Barclays	12,610	–	12,610
	ESF Grant Aid	–	489,570	489,570
	Belfast Health & Social Care Trust	–	252,691	252,691
	Clasp Project	–	24,447	24,447
	Workable	–	95,069	95,069
	Tap 2	–	66,809	66,809
	South Eastern Health & Social Care Trust	–	383,414	383,414
	Western Health & Social Care Trust	–	21,392	21,392
	Motability	–	–	–
	Lottery Community Fund	–	–	–
	UKSPF SkillSet	–	–	–
	PA Foundation	–	–	–
	Community Fund	–	–	–
	Dormant Accounts	–	–	–
	Belfast City Airport	–	–	–
	Lisburn & Castlereagh City Council	–	–	–
	Ards & North Down BC	–	–	–
	Wills Charitable Trust	–	–	–
		────────	────────────	────────────
		98,093	1,568,472	1,666,565
		════════	════════════	════════════
7.	Other trading activities

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2024	Funds	2023
	£	£	£	£
The Orchard Café	280,924	280,924	290,651	290,651
Business Centre	77,104	77,104	106,965	106,965
Orchard Café at The Grove	2,025	2,025	225,931	225,931
Orchardville Cleans	207,602	207,602	154,796	154,796
	─────────	─────────	─────────	─────────
	567,655	567,655	778,343	778,343
	═════════	═════════	═════════	═════════

26

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

8. Investment income

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Bank interest	5,954	5,954	2,284	2,284
		═══════	═══════	═══════	═══════
9.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Other income	2,298	2,298	2,509	2,509
		═══════	═══════	═══════	═══════
10.	Costs of raising donations and legacies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Fundraising costs	4,280	4,280	8,660	8,660
	Donations costs	2,115	2,115	14,839	14,839
		───────	───────	────────	────────
		6,395	6,395	23,499	23,499
		═══════	═══════	════════	════════
11.	Costs of other trading activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	The Orchard Café	142,044	142,044	208,319	208,319
	Business Centre	36,598	36,598	74,747	74,747
	Orchard Café at The Grove	1,687	1,687	36,407	36,407
		─────────	─────────	─────────	─────────
		180,329	180,329	319,473	319,473
		═════════	═════════	═════════	═════════

12. Expenditure on charitable activities by activity type

	Activities
	undertaken		Total funds	Total fund
	directly	Support costs	2024	2023
	£	£	£	£
Employment & Skills	775,222	186,379	961,601	1,311,215
Community Provision	642,077	129,485	771,562	800,682
Supported Training	537,185	83,255	620,440	277,077
Industrial Solutions	–	–	–	30,312
Fundraising	–	7,165	7,165	8,348
Governance costs	–	68,493	68,493	59,764
	────────────	─────────	────────────	────────────
	1,954,484	474,777	2,429,261	2,487,398
	════════════	═════════	════════════	════════════

27

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

13. Analysis of support costs

				Costs of
				generating
	Employment	Community	Supported	voluntary
	& Skills	Provision	Training	income	Total 2024	Total 2023
	£	£	£	£	£	£
Staff costs	99,351	94,515	65,329	5,055	264,250	367,500
Premises	56,685	12,522	3,572	1,809	74,588	76,882
Communications
and IT	8,825	7,278	4,767	56	20,926	16,142
General office	21,518	15,170	9,587	245	46,520	37,178
Governance costs	26,118	25,871	16,504	–	68,493	59,764
	─────────	─────────	────────	───────	─────────	─────────
	212,497	155,356	99,759	7,165	474,777	557,466
	═════════	═════════	════════	═══════	═════════	═════════

14. Net expenditure

Net expenditure is stated after charging/(crediting):

	2024	2023
	£	£
Depreciation of tangible fixed assets	23,557	40,102
Fees payable for the audit of the financial statements	8,694 ════════	9,384 ════════

15. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2024	2023
	£	£
Wages and salaries	1,712,366	1,762,649
Social security costs	125,000	125,479
Employer contributions to pension plans	103,334	121,354
Other employee benefits	8,216	5,275
	────────────	────────────
	1,948,916	2,014,757
	════════════	════════════

In addition to the costs above redundancy payments were made to 11 staff members in the year, statutory redundancy payments totalled £27,692 (2023: £69,360). The redundancies arose as a result of operational restructuring of the charity.

The average head count of employees during the year was 125 (2023: 121). The average number of full-time equivalent employees during the year is analysed as follows:

	2024	2023
	No.	No.
Total head count of staff	125	121
	════	════

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

Key Management Personnel

28

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

15. Staff costs (continued)

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £264,136 (2023:£367,499).

16. Trustee remuneration and expenses

No trustee received any remuneration during the year (2023: £Nil). No trustee received expenses during the year (2023: £Nil).

17. Tangible fixed assets

		Long
		leasehold	Fixtures and	Motor
		property	fittings	vehicles	Equipment	Total
		£	£	£	£	£
	Cost
	At 1 April 2023	175,256	132,051	6,879	214,088	528,274
	Additions	–	8,071	–	4,404	12,475
	Disposals	–	(14,068)	–	(13,279)	(27,347)
		─────────	─────────	───────	─────────	─────────
	At 31 March 2024	175,256	126,054	6,879	205,213	513,402
		═════════	═════════	═══════	═════════	═════════
	Depreciation
	At 1 April 2023	124,820	120,811	5,542	193,028	444,201
	Charge for the year	2,799	4,087	1,337	15,334	23,557
	Disposals	–	(8,080)	–	(11,904)	(19,984)
		─────────	─────────	───────	─────────	─────────
	At 31 March 2024	127,619	116,818	6,879	196,458	447,774
		═════════	═════════	═══════	═════════	═════════
	Carrying amount
	At 31 March 2024	47,637	9,236	–	8,755	65,628
		═════════	═════════	═══════	═════════	═════════
	At 31 March 2023	50,436	11,240	1,337	21,060	84,073
		═════════	═════════	═══════	═════════	═════════
18.	Stocks
					2024	2023
					£	£
	Finished goods and goods for resale				6,418	17,752
					═══════	════════
19.	Debtors
					2024	2023
					£	£
	Trade debtors				76,948	70,913
	Prepayments and accrued income				18,762	22,768
	Other debtors				21,034	97,383
					─────────	─────────
					116,744	191,064
					═════════	═════════

29

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

20. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	11,986	36,313
Accruals and deferred income	243,559	130,840
Social security and other taxes	45,876	56,447
Other creditors	13,655	11,491
	─────────	─────────
	315,076	235,091
	═════════	═════════
Deferred income
	2024	2023
	£	£
At 1 April 2023	60,444	3,567
Amount released to income	(60,444)	(3,567)
Amount deferred in year	182,256	60,444
	─────────	────────
At 31 March 2024	182,256	60,444
	═════════	════════

21. Deferred income

22. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £103,334 (2023: £121,354).

23. Government grants

The amounts recognised in the financial statements for government grants are as follows:

	2024	2023
	£	£
Recognised in creditors:
Deferred government grants due within one year	–	3,567
	════	═══════

30

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

24. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At				At	31
	1 April 2023	Income	Expenditure	Transfers	March 2024
	£	£	£	£	£
General funds	524,214	581,994	(861,110)	6,355	251,453
	═════════	═════════	═════════	═══════	═════════
	At				At	31
	1 April 2022	Income	Expenditure	Transfers	March 2023
	£	£	£	£	£
General funds	854,157	904,672	(1,307,758)	73,143	524,214
	═════════	═════════	════════════	════════	═════════
Restricted funds
	At				At	31
	1 April 2023	Income	Expenditure	Transfers	March 2024
	£	£	£	£	£
ESF	–	–	–	–		–
Eramsus	–	–	–	–		–
Travel to Work	–	6,591	(6,591)	–		–
The Baily Thomas
Charitable Fund	–	–	–	–		–
Garfield Weston
Foundation	–	–	–	–		–
Orchardville DFC	177	–	–	(177)		–
Restricted Donations	2,573	1,489	(1,489)	(2,573)		–
SDS Income	64,804	97,440	(89,810)	–	72,434
BBC Children in need	22	–	–	(22)		–
Employability BHSCT	3,583	37,667	(37,667)	(3,583)		–
Workable	–	86,743	(86,743)	–		–
Western Health and
Social Care Trust	–	22,860	(22,860)	–		–
South Eastern Health
and Social Care Trust	–	324,335	(324,335)	–		–
Belfast Health and
Social Care Trust	–	361,036	(361,036)	–		–
Community Foundation
NI	–	–	–	–		–
Carers Fund	–	35,050	(35,050)	–		–
Department of Justice	–	16,000	(16,000)	–		–
Rank Foundation	–	14,270	(14,270)	–		–
OCN NI Grant	–	576	(576)	–		–
Mid and East Antrim BC	–	–	–	–		–
The Cedar Foundation	–	–	–	–		–
Motability	–	77,000	(72,142)	–	4,858

31

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

24.	Analysis of charitable funds (continued)	Analysis of charitable funds (continued)
	Lottery Community Fund	–	77,287	(65,924)	–	11,363
	UKSPF	–	579,765	(574,231)	–	5,534
	PA Foundation	–	27,500	(27,500)	–		–
	Community Fund	–	1,681	(1,681)	–		–
	Dormant Accounts	–	6,000	(6,000)	–		–
	Belfast City Airport	–	3,530	(3,530)	–		–
	Lisburn & Castlereagh
	City Council	–	3,140	(3,140)	–		–
	Ards & North Down BC	–	300	(300)	–		–
	Wills Charitable Trust	–	4,000	(4,000)	–		–
		────────	────────────	────────────	───────	────────
		71,159	1,784,260	(1,754,875)	(6,355)	94,189
		════════	════════════	════════════	═══════	════════
		At				At	31
		1 April 2022	Income	Expenditure	Transfers	March 2023
		£	£	£	£	£
	ESF	–	489,570	(489,570)	–		–
	Eramsus	61,238	–	–	(61,238)		–
	Travel to Work	–	4,209	(4,209)	–		–
	The Baily Thomas
	Charitable Fund	3,000	–	–	(3,000)		–
	Garfield Weston
	Foundation	8,905	–	–	(8,905)		–
	Orchardville DFC	177	–	–	–	177
	Restricted Donations	2,573	2,353	(2,353)	–	2,573
	SDS Income	16,591	96,274	(48,061)	–	64,804
	BBC Children in need	22	39,833	(39,833)	–		22
	Employability BHSCT	3,583	36,379	(36,379)	–	3,583
	Workable	–	95,069	(95,069)	–		–
	Western Health and
	Social Care Trust	–	21,392	(21,392)	–		–
	South Eastern Health
	and Social Care Trust	–	383,414	(383,414)	–		–
	Belfast Health and
	Social Care Trust	–	343,947	(343,947)	–		–
	Community Foundation
	NI	–	3,000	(3,000)	–		–

32

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

24. Analysis of charitable funds (continued)

Carers Fund	–	35,330	(35,330)	–	–
Department of Justice	–	4,000	(4,000)	–	–
Rank Foundation	–	12,797	(12,797)	–	–
OCN NI Grant	–	288	(288)	–	–
Mid and East Antrim BC	–	2,900	(2,900)	–	–
The Cedar Foundation	–	70	(70)	–	–
Motability	–	–	–	–	–
Lottery Community Fund	–	–	–	–	–
UKSPF	–	–	–	–	–
PA Foundation	–	–	–	–	–
Community Fund	–	–	–	–	–
Dormant Accounts	–	–	–	–	–
Belfast City Airport	–	–	–	–	–
Lisburn & Castlereagh
City Council	–	–	–	–	–
Ards & North Down BC	–	–	–	–	–
Wills Charitable Trust	–	–	–	–	–
	────────	────────────	────────────	────────	────────
	96,089 ════════	1,570,825 ════════════	(1,522,612) ════════════	(73,143) ════════	71,159 ════════

Transfers from restricted to unrestricted funds have taken place in the year which relate to expenditure previously recognised as within unrestricted funds, these balances have been fully spent and all contractual obligations have been met in the relation to these funds.

25. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Tangible fixed assets	65,628	–	65,628
Current assets	318,645	276,445	595,090
Creditors less than 1 year	(132,820)	(182,256)	(315,076)
	─────────	─────────	─────────
Net assets	251,453	94,189	345,642
	═════════	═════════	═════════
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Tangible fixed assets	84,073	–	84,073
Current assets	671,665	74,726	746,391
Creditors less than 1 year	(231,524)	(3,567)	(235,091)
	─────────	────────	─────────
Net assets	524,214	71,159	595,373
	═════════	════════	═════════

33

Orchardville Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

26. Taxation

The Company is a registered charity, and as such is entitled to tax exemptions on income and profits in furtherance of the charity's primary objectives.

27. Related parties

There were no related party transactions incurred during the year.

28. Analysis of changes in net debt

					At
	At	1	Apr 2023	Cash flows	31 Mar 2024
			£	£	£
Cash at bank and in hand			537,575	(65,647)	471,928
			═════════	════════	═════════

29. Contingencies

A contingent liability exists to repay grants and Trust monies received should certain conditions not be fulfilled by the charity. In the opinion of the Trustees, the terms of the Letters of Offers have been, or will be, complied with and no liability is expected.

30. Ethical standards

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements

34