ABC Communlty Network {A cutnpww1SmSt¢d by guarantee, not having • shar$ ¢apltal) STATEMENT OF FINANCIAL ACTIVITIES {IncorpoMtlng an 4nd Exp8iidllur8 Account) for the flnanclal year ended 31 March 2023 Unre8trfcted Restrlcted Funds Funds 2023 2023 Total Unreslricled Rfyslricted Funds Funds 2022 2022 Total 2023 2022 Notes Incomlng Ré8oiirc88 Voluntary Incornè Charitable acllvtlles Self-G&nèrated In¢omè Inveglm¢nl$ 101.519 101.519 3,101 92,735 95,838 26,893 215 26,893 215 25,551 25,551 53 Totol Incomlng r8source8 27.108 101,519 128,e27 28,656 92,735 121,39J Ra$our¢g8 Exp•nd&d Charitable aclivlll&s 15,612 96,651J 112.262 35,132 96,6(10 131,732 Not In¢omlngloutgolng regourcp$ befpre trnnsferg Transfer$ baiween funds 11A96 4,869 16,365 (6.4761 (3,865) {10,341) 244 {244) 5,888 15.B88) Nèt moyement In funds for the finanoial year 11,740 625 16,365 15881 <9,753) (10,341} Reconclllation of funds Balances br(ght fotward at 1 April 2022 15 16,103 373 16,476 16,691 10,126 26,817 Balances caffiod forward at 31 March 2023 27,843 1998 32,841 16,103 373 16,476 The Slalgm6nt of Flriancial ActtvRigs Includos all galns and lossés re¢ognlsed In the financlal year. All inooma and expendltur8 relat8 lo conllnuing acllvitlB5. Thg notes on pages 15 to f g lomi part of the financlal stal8m8n18 12
ABC Community Network A ¢ompany limitgd by gU&irantoè, not havlng a shar& capllal Company Numbw. N1037Q61 BALANCE SHEET as a131 March 2023 2023 2022 Not¢$ Flxed Assets Tanglble ass815 11 572 1,144 Curront As8ets Debtors Cash al bank 8nd in hand 12 3,793 37,481 6,260 14,920 41,274 21,180 Credltors., Amounts fallln9 dLrè wlthln oné year 13 {9,Q05) (5,8481 Net Current Assets 32,269 15,332 Total Assets loss Current Llabilitles 32,841 16,476 Ftsnds Re8tiicted funds General furjd Ivnroslrttttedl 4,998 27,843 373 16,103 Total funds 15 32,841 1S,47S Th959 flnanclal 5talern8nts havè been prepared in accordan wlth Ihfj sppclal provSslons reiallng to small ¢ompania8 Within Part15 of the Companles A¢t 2008. The finandal stalem9nts have bEon prepared In 2ccord&nce with the pmvlslons applicable to ¢ompanle$ sublecl to IhB small companieg, regimg and in aGwrdancè vAth FRS 102 'Th8 Flnancial Roportlng stalard appllcabl8 In the UK 2nd Rgpubllc of Ireland. appiylng Seotlon 1A of that Standard. Approved by the Board of Trustees and aQthorlsed for Issue on 26 October 2023 and slgrted on Its behalf by Fran¢es Kerr Chairperson Ky10 Hil Tru$tOQ Tha notes on page¥ 1510 19 lortn part of the financial st2Men[S 13
ABC Communlty Network STATEMENT OF CASH FLOWS for the flnancial year gndèd 31 March 2023 2023 2022 Notos C45h flows Irom pptrraling a¢tlvltles Net movèm8nt In funds Adluslmonly for: Depieclallon Interest r8ceivabi8 and slmli ar income 16,365 (10,341) 572 (2151 786 (4) 16,722 19,559} Movernenls in working Gapltal: Movem9nl In debtors Movem&nl in ¢reditors 2,467 3,157 (166) Cash gertaratod from oporalions 22,346 (9,137> Cash Ilow$ from Invostlng acti*1¢$ Intgresl recelv6d 215 Net In¢roa$o In cash and ca¥h oqulvalént8 Cash and cash èqulvalonts at l Aprll 2022 22,561 14,920 {9,133) 24,053 Cash and cash equlvalents at 31 March 2023 17 37,481 14,920 14
ABC Communlty Network (A compgny Ilmlled by guarantee, not h?vlng o $h*r• ¢apltall NOTES TO THE FINANCIAL STATEMENTS for th8 finanGlal y6ar gnd8d 31 March 2023 RESERVES POLICY The fruslaes are aiming lo sol oslde g target of £29,000 which equates lo three months of the organlsatlon'8 runnlng cosls. Th18 reserve Is to allow for a oonllnued. smooth d811very of 8&rvl¢8s in the gvonl of a dlsrupllon to Inttume due to unforesoen circumstances. The trustees will conllnuo to work towards Ihls target In fulure years, GENERAL INFORMATION AYC Ccrfnmunlty Network 1$ a company Ilrnited by guarantse tncorporated in Northern Ireland. Tha rtered offic6 of tho company Is 82 Thomas Street, Portadown, Cralgav(m, Co. Armagh. BT62 3NU, Northern Ir81and whl¢h Is 21s0 the princlpal place of business of the company The financ4al 8tatements haye been pre¥ented In Pound Sterllng 1£) which Is also th6 functlonal currency of thé company. SUMMARY OF SIGNIFICANT ACGOUNTING POLICIES The lollowlng o¢counllng pollcies have been applled ccnsl818ntly Sn dgallns wllh Itèms whlch are consldered malerfal Sn r61allon lo 1116 charlty's flnanclal statements. Basls of prgparatlon The finaneial statements have been prepared un Ihe golng concem basis under the hi$tori¢al ¢osl convention, modlfiad lo Include certaln Items at falr value. The fin4llGlal stat8m8nts havo been prepared In accordance wllh the Slalemenl of Rec(Immended Ptactice {SORPI 'Accounling and Rèportlng by Charitle5 prepartng Ihalr accounts In 8CCDrdance w51h th8 Flnanctal R@portlng Standard appllcabl8 In the UK and Rgpublic of Ireland FRS 10r, applying Section 1A of Ihat Standard, As permRtgd by the Companles Aol 2Q06, tho company has varied the strdndard fomials In Ihal aot lor the Slalement of Finanoial Aolivilles and the BalaTr SheaL Departures from th8 Standard fomals are to comply wlth the requlrements of the Charltle8 SORP and are In oompllan¢4 wlth section 4.7, 10.6 and 15.2 of that SORP, Statement of eompllan¢e The tlnan¢lal $tatemenl$ of the ¢ompany for the financlal year ended 31 December 2017 have b6en prepared on the golng concem basls and In accordanra lIh the Stalem&nt of Recommended Pradce ISORPI 'A¢¢ounllng and Repoi'ling by Charities pi'epartng their a¢oounts In aooordano wlth th8 Hnancial Roportlng Standard appllcable in the UK and Republlc of Ireland FRS 102" applylng Seclitm 1A ol that standard, Inwmlng Resources vontary In¢ame or Capllal b Included In the Slalemonl of FInala1 ACtlIteS wh6n th& company l$18gally entillad lo It, its financlal value can bo qltantlfied wlth rèasonable c6rtalnty arld there Is raasotyable certalnly of Ils ulllmate receipt. Enlitlemont to kga¢i¢s Is considered estsbllsh¢d when the company has b88n nollfied of a dlstrfibutlon to be mad8 by the executor8. Income receivèd In advance of due p&rfonnanco under Gonlracl Is accounted for as deferred income until oarned. Grants for acLMIFes aTr recognlsed as Income when th@ related condillons for legal 8ntlll&menl havo been m81, All other income Is a¢oouiiled on an accruals basis. Resources Expendad All r&soufC@s exp&nded aro a¢counted for on an accruals basis. Chatitablg activities includo costs of services and gran15, supwrl cosis and depreclalion on relalgd a$5&ts. Costs ol goneratlng funds slmuarty Include fundralslng actlvlllas. Non-staff costs nol attributed lo one category ol actlvlty are allocated or 8PPOrtloned pro-rala lo the slafflng ot tha relevant servlce. Fln8nTr, HR, IT and admlnlslrallvo Staff costs are dlreclly altiibutable to Individual aclsvitle8 by ObclEVe. Govemance costs are tho$é assoaialed wllh ¢on$lilulional and statutory re4ulrem&nts. Tanglble flxed assef¥ and doprpclatlon T8ngible fixed assots ar8 slated al cost or at valuation. less accumul3l$d depreclation. Th& charge lo depre¢latton Is cal¢ulabJ lo wriig off the odginal oost or valuallon of tanglblo flxed assets, 19SS their estlma18d resldual valuo, over thelr 8XP8cled useful Ilves as follow8.. Flxtures, fittings and equipment 25Yg Sltabjhl line 15
ABC Communlty Network IA ¢omp4ny limlted by guaranleo, not havlng a shar• capital) NOTES TO THE FINANCIAL STATEMENTS eontinued for Ihg flnanclal year 8ndèd 31 March 2023 Debtors Deblors are re¢ogni8èd al the &elU8ment amount due after any dlscounl offer&d. Prepayments ar8 valu&d al the amount prepald nèl OF any Iradg dlscounl& due. Income recognlsed by the Ihe company frorn government agencies and other co-fundors, but not yet rec6lved al yèar ond, is Included In debtors. Cash at bank and In hand Cash at bank and In hand (y)mprlses cash on depo¥it at banks r9qulrfftg less thtm three month5 nDiice of withdrawal. Taxatlon No CLJrrenl or defoThed tsxalion arises as the company ha3 been granted charitable èxemption, Irrecovgrabl valued added lax is expensod a? incurred. PROVISIONS AVAILABLE FORAUDITS OF SMALL ENTITIES In common wllh many other charltable companles of Dur $lz¢ and nalure, we use our Nudltors lo assisl with the preparatton of th& flnanclal statemènts. INCOME DONATIONS AND LEGACIES UnYostrlGtgd Restricted Fund5 Funds 2023 2022 Voluntary Income 101,519 101,519 95,838 CHARITABLE ACTivrriEs UnTOStrl¢tsd Restrlcted Fund¥ Fund$ 2023 2022 Income from Charllable Actlviti9S 26.B93 26,893 25.551 INVESTMENTS Unrestrlct8d Re$trlGt8d Funds Funds 2023 2022 InYeslmentS 215 215 EXPENDrruRE CHARrrABLE ACTIVITIES Dlrect Costs Othar Costs Sijpport Costs 2023 2022 Co$18 of Charitabl¥ A¢tivitie 112,262 112,262 131,732 16
ABC Communlly Network IA company Ilmlt¢d by guarantèe, not havlng a Fharè ¢apltall NOTES TO THE FINANCIAL STATEMENTS Continued for th& fanCIal year ended 31 MarGh 2023 SLIPPORT COSTS Charltabl# A¢tSvitles 2023 2022 ProJe¢t Co813 other office costs Premlges Costs Depreciallon Salaile5 and wages Genoral QKpenses Audit and other profgss5onal f6os 7,410 7,115 23,197 512 70,439 1,218 2,311 7,410 7,115 23,197 572 70,439 1,218 2,31 12,918 6,630 15,632 786 93,739 2,027 112,262 112,262 131,732 ANALYSIS OF SUPPQRT COSTS 2023 2022 Project Costs Other office costs Premlses Coels Depreclalio Salarles and wagg¥ General expen8es Audit and other profe33ional fees 7,410 7,115 23,197 572 70,439 1,218 2,314 12,918 6,630 15,632 786 93,739 2,027 112,262 131.T32 NET INCOMING RESOURGES 2023 2022 Net Incomlng R8soiirces ar& stated aft8r charglngllcredltlng): Depreolatton of langiblo assets Auditor's rlunratIon. - audlt seFViC8S 572 786 2,311 2.027 INVESTMENT AND OTHER INCOME 2023 2D22 Bank Intstgsl 215 17
ABC Community Network IA comp?ny Ilmllad by guaranteè, not haYlM9 a sharD capitJll NOTES TO THE FINANCIAL STATEMENTS contlnu8d for the financlal year ended 31 March 2023 10. EMPLOYEES AND REMUNERATION NuMr of #mployè8S Th& avérage number of parsons employed Ilncludlng exe¢uUve trltsloosl durlng the flnanclal year was as follows.. 2023 NuMr 2022 Number Employ808 Th& slafl costs comprise- 2023 2022 Waga$ and salarfas Panslon cost5 67,119 3,320 91,198 2,541 70,439 93,739 11. TANGIBLE FIXED ASSETS Flxtureg, fitting¥ and gquipmgnt Total Cost Al 31 March 2023 28.803 28.803 Depre¢latlon At 1 April 2022 Charge for the finan¢lal year 27,659 572 27.659 572 Al 31 March 2023 28,231 28.231 Net book valuo At 31 Maruh 2023 572 572 At 31 March 2022 1,144 1,144 12, DEB TORS 2023 2(fr22 Trade deblors Prepaymont5 and accrued income 2.891 902 5,818 442 3.793 6,280 13. CREDETORS Amount8 falllng due wlthln one year 2023 2022 Taxallon and social seourlty costs A¢cruals and deferred InGom8 549 8,456 549 5,299 9,005 5,848 18
ABC Community Network {A company limitod by guarantee, not havlng * shartr capital) NOTES TO THE FINANCIAL STATEMENTS Conllnued for the finan¢i81 year ended 31 March 2023 RESERVES 2023 2022 At 1 Aprs12022 Surplu8llDeficltl for the flnan¢lal year 16,47¢ 16,365 26,817 110,3411 At 3.1 March 2023 32,841 16,476 1S. FUNDS 15.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrg$trlotod Reslrlcted Funds Fund8 Totsl Fund$ At 1 Aprfl 2021 Movement durlng the financial year 16,691 (588) 10,126 19,753) 28,817 (10.3411 At 31 March 2022 Movemenl durlng lh8 finan¢lal yoar 16,103 11,740 373 4,625 16,476 18.365 At 31 2023 27,843 4,998 32,841 452 ANALYS18 OF MOVEMENTS QN FUNDS Balanco. l April 2022 Income Expendlturfj Transferg belween funds Balanoe 31 Maroh 2Q23 Rgstrirt9d funds Department for Crjmmunltles Soulhorn H&alth &nd So¢lal Care rrust ACBCBC Grant Awards 4 All PHA Clear 49 246 67,505 10,126 67.554 10,128 (244) 78 9,189 9,706 4,993 8.979 5.716 4.2T3 288 3.990 Y20 373 101,519 96,650 (244) 4,998 Unrostrfcted funds Unr68lricled Genoial 16,1Q3 27,108 15,612 244 27,843 Total funds 16,476 128,027 112,262 32,841 16. STATUS The Ilabllity of the members is Itrnlted. E¥ery member of th6 wmpany undertake8 to conlrlbule lo the assots of the company in the event of Ils belng wound up whlle Ihw are momb&rs, or wllhin one yegr thereaftér, for the paymenl of thé d6bts and li8bilitles of the company contracted before they reased to be m&mbers, and the ¢081s, Charges expenseg of wlndlng up. and for the adluslmenl of tlie rights of the ¢onlrlbulors amow Ihemsglves. such amnI a8 may be required. not exc8edlng £1. 17. CASH AND CASH EQUIVALENTS 2023 2022 Cash and bank balgncos 37,481 14,920 19