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 sta￿lard 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 st2￿Men[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 r￿￿tered
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
vo￿ntary In¢ame or Capllal b Included In the Slalemonl of FIna￿la1 ACt￿lIteS 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$5&ts. Costs ol goneratlng funds slmuarty Include
fundralslng actlvlllas. Non-staff costs nol attributed lo one category ol actlvlty are allocated or 8PPOrtloned
pro-rala lo the slafflng ot tha relevant servlce. Fln8nTr, HR, IT and admlnlslrallvo Staff costs are dlreclly
altiibutable to Individual aclsvitle8 by Ob￿clEVe. Govemance costs are tho$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& f￿anCIal 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 r￿lun￿ratIon.
- 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
NuM￿r of #mployè8S
Th& avérage number of parsons employed Ilncludlng exe¢uUve trltsloosl durlng the flnanclal year was as
follows..
2023
NuM￿r
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 am￿nI a8 may
be required. not exc8edlng £1.
17.
CASH AND CASH EQUIVALENTS
2023
2022
Cash and bank balgncos
37,481
14,920
19