ABC Community Nelmrork IA Company Ilmlted by guarante¥, not havlig a shuip tapltsl) STATEMENT OF FINANCIAL ACTIVITIES IFt¢orpurallng an Iii¢omfr And ExpeThdlluY@ Atteount) fvr the fin8n¢lal yoarendqd 31 March 2024 Unrestrlttted Rastrlcled Funds Funds 2Q24 2024 Totsl Urn81¢1ed Re8lrlcted Fund$ Funds Funds 2023 2023 Total Fund6 2(Y23 Notos Inooming R&soure¢y Voluntary Incorhe Charlt8blé 4¢llvilies $8lf-Gen6Mlèd Inco¥r8 InvgStm&nts 14064 84,064 101,519 101.519 20,06 639 28,065 639 26,893 218 215 Total InGomlng reaourc&s 21704 84,064 110,708 27.108 101&f19 128,827 Resourceb Expèndgd Cliarltab18 arb.vll s.1 29,228 89,082 118,290 15,612 96,650 112.262 N•t In¢omli)gloutgolng rosour¢05 bfjforetransf6rs {2,6241 (49981 (7.5221 11,496 4.885 1&,365 Tran&fgrs batwoen fund¥ {2441 Not Mov¢rnpne In funds for tho Ilrtan¢lal y¢ar 12,6241 {4J9BJ (7,5221 1'1,740 4,625 1IS3EIS R¢¢on¢iliatlon of lunds: Total funds beglnnlng of the yeèr 15 27,843 32,844 16,10$ ts73 18,476 Total fund6 atthe end of Éh& year 25,318 25,318 27,843 4,998 32,841 Th¥ Slat&monl of FlnanclalAGllvlllo8 Indudes &ll galn$ qnd105588 rEcognl8 In the Ilnan¢ial yoar. All In¢om& and expandllure relat¢ to oontlnulng a¢117@9. The lloleson pag85 15tp 19 partufthefinanclal statemgnts 13
Abc f4omrnunlty Network A eomp)ny Ilrnllod b ompany tAbr. N l tylt#r4nts¢ ngt havlnÈ a $h•r¥ ¢Jpltoll 87001 BALANCE SHEET tts at31 Maioh 2014 Flxgd A$ts Not 2023 Curr¢nlA$89ts Oebtor8 Cash 01 bank and In hqnd 12 1ti,329 4403 8,793 37A81 32,732 Cr#dlf4r8; Amrf)urt8 falllng dLre wtthln ygor Ngt Current A$w$ 41,274 13 {8,4141 19,IXXI 2S,818 Tc('atAgs•ts1o8$ Currnnt Llabilltlo4 32,269 25,311 82,841 R&glrlcted fiinds 13ener4lfund IuTW@BtrtotefJ> Tot41 fvnd& 25,31 8 27,M3 IS 25.318 31041 Th950 ¢la1om&nts havo been pr8p#r4d th ¢¢OrdnO wlth IIT& spo11 provlelong rfjlallng to grnfi11 Companles wthln PArt 1S tsf the Companlog Aot 2008. I"he fin¥nolal 8totomgnts haw been prgF)arad In uccordan¢& wlth tho yrovtglon8 appltQ8bl& to eomp&Mles tsubJv¢t lo thè 8mill ¢ompanlè reyime and tn a&¢0aNa* vAth FF18 1fj2 Yho Flnanclal Rép¢ylir]g 8tand4rd appll¢atA$ In Iho UK and Repu)lia of trolantl apprn@ &&otlun IA olthal Standird. Apprgvthtl by tjiè Bourd olTrns£o9¥ 4uthorlsad for19gug on bghallty and ¥lgngd on Ws Fr411QO¥ grr Mate9r Tru.8tso The Trpl8¥ on pales 15 to 19 form p8rt of financlttl 14
ABC Community Ngtwork STATEMENT OF CASH FLOWS fortho nanCial yèar onded 31 March 2024 2024 2023 Cash Ilows from op8ratlng 8¢tlvltles Nel mov8mehl in fvrds Adiuslh)onls for., Daprecltllon Inlerest rgcolvab19 and $lmilar iiLome 17,622) 16,365 572 1215) (639} Movamèn15 in worklng ptta1.. Movem$nl in debtor$ Movement In tredltors 17,589) 16,722 I6,$) (Sgl) 2.467 3,157 Cayh Iusod Inygen?rated from gpèr4lion6 Ca&h flow9 from Investlng ¥tlvltlBS Internsl rec&lv¢d {14,7161 22,34e rJ9 215 Nat (de¢r¢aseylncroasg ID ¢ash and Gash equlvalgnts gh and Gash equivalonts at tho bpglnfting of the yaar Cash aid oash equ1vartts at thé ènd of the yg 11407n 37,481 22,581 14,92 12 23,404 37,481 15
ABC Communlty Nélwork IA ¢ompany Ilmlted by guar8n¢Be, n(>t hllVg a Share tapltall NOTES TO THE FINANCIAL STATEMENTS for the fiiianclal year anded 31 Mar¢h 2024 GENERAL INFORMATION ABC Community Notwork Is d company Ilmiled by guaranterj Incorporatéd In Northern Ireland. Tre rggislred offi¢8 of Ihg company Is 82 fh¢Jm8s $tr6@I, Port8down, Cralyavon, Co. Arffiagh, BT82 3NU, North6rn Ireland whieli 19 also the prlnclpal place of buslnass of. tho company Tho financial st81¢rnonts havg b$gn pres8ni¢d In PoLtrnd 1£) whlch19 8150 tho funLtltsng1 tren¢y ¢f the company. SUMMARY OF SIGNIFICANT ACCOUNTING pOLIcs ThFJ followlng aceou17ttng pollol98 havo be$n applled cons(stgntly In doalin9 wllh Itom% which consIded malerlal in relAllon to the ¢èJafiVs flnanttlAI statements. Basls of preparatlon The fin8ncl81 ¥tal¢mgnts havo been prepsr¢d on th& golng tDncérn ba3[6 under Ihe higlorical cost convenlk)n, modlflbd to Include cwlaln Itwns al falr valu&. Tbe finan¢ial slalements hav& boen pr•par¢d In awrdonce wllh the Statement of R&commènd8d Pr8tt1i¢e {80RPI"Atttsunling aml Repcrtin9 by Charill&s preparfng Ihelr aGcounls in gccordan¢e with the Financial Reportlng Star#laTd applltrdbie in rhe UK and Ropublic of Ireland FRS 102" appl9 Secllon IA of that 81andard. A8 permillorJ by th& Companls Act 2006, Ihfj conTpany h¥s vai19d the &tandercl foTmats In Ihgt aet for thé Statomenl of Finamclal Adlvllles and th8 Dalancè Shèel. Departures from the standard formals a to camply th thè reqtjlremènls 4)f the Chartfjey SQRP and are In ctrmpllanGO wlth seclk)n 4,7, 10.6 antl 15.2 of that SQRP. Statement of ¢ompllanc¢ The f]n&n¢l4l st&t&monts tsf th& company for IhB flnancial y@ar ended 311)8ttomb$r 2017 have be¢n preparfjd on tho golng toncgrn basls and in aGcoTdanGe wllh the Statsment ol R¢¢ommBnded Pra¢llco 18ORPI A¢¢aunling and Reportlng by Charltio¥ preparlng thlr aC¢¢yJnis In &Ltordan¢$ wllh the Flnancial Reptsrtlng Standard appll¢4ble in th& UK arid R8publl¢ ul IToIAnd FRS 102" applylng S&¢llon 1A of Ihal S>tandard. InGtsmMg Resourc09 Voluntary Income or capltal ts in¢ludod In the St8tom$nl of 1Inan¢1I ACvre$ whon the comp8ny Is legally Èntllled to It, its financial valua ¢an be quarttlfled wlth reasonable Certainty End there is r•a¥onobl¢ ¢¢rtainty of 11$ ultsmaLg racolpl.. Entlflem9nt to Ipga¢i?$ F8 consider¥d gslabllshad when lh8 comp4ny has bpen notlllod of a dtslrltsulion to bo made by Ihg OxeGl0r.5. Income r&ttelvod In advance of duè perfollnan vndor a conlraGI Is accounted for as deferr&d In¢om& until earned. Grants for activitie$ are re¢ognlsod as Inoomo wh9n th¢ relaied ¢ondlllons for ]egal enlltl6ment have beeri Mol. Al olhL4r thcome Es accountod for on an a¢oruats basts. Tanqlble ilxtd assèts and depra¢iation Tanglble flxed os88ts aft siatod at c1 or at valuallon, les8 8ccumul¥led deprerlallon. Th ¢harge to dopreci8llon1s oalculal¢d lo wrfle off the orulftal co$t or valuallon of tsngibig assets,108B Ihek e$limatscf r&sldual valuè, Dvor Ihelr expectsd useftsl liv89 a6 follows.. Flxlure8, fltlin9s and equlpmgmt 25% Stralght Ilna Debtors Deblurs are ro¢ofjni5od at the sott16ment amount due 8ll&r any (fis¢ount offpmd. Pr8paymenls &re valued al Ihg amount propald nel of any trade dfsGounts due. IrTcome r&coonised by the company from 9overnmenl 8gencle8 and olher co.lui)ders, but not yel rocelved al year end,18 Included in debtors. Cash at bank and In hand Ca8h al bank and In hond ¢ompri$es cash on depo$tt al bank8 requlring19ss han three tnorilh@' nollce of wllhdrawal. Taxafilon No current or dglèrred laxaiion arlse5 a5 the company has been granlad ¢harttable axemptton. Irrecoverable value<i addèd lax i¥ expenso¢J a8 incurrod. PROVISIONS AVAILABLE FOR AUDITS OF SMALL ENTrriE8 In Qommon with many other chttrit8blo comp8nle$ of our and natuts, WQ U8& our aL*dilo]B to assist wilh the proP8rallDn of the flnanclal slatomenls. 16
ABC Communlty Network ¢onlinugd IA ¢)Inpafiy Ilmltod by yuarante¢. not havlng a $h#re rapltall NOTES TO THE FINANCIAL STATEMENTS for the finanolal yearonded 31 March 2024 INCOME LYONATIONS AND LEGACIES UnroStrfiat¢d Re6tr1ctfyd Funds Funds 2024 2023 Volunlery InGomg PA,084 84,064 101,519 4.2 CHARITABLE ACTIVITIES UnMlrlct¢d R¢stri¢tsd Fund$ Fund$ 2024 2023 Gyants from governmÈnts aftd oth6r GO.furtdgr8: Inc¢me from Charltablo Acllvltle& 26,065 26,0&5 28.893 4.3 INVE8TiYtENTS Unré#trlrtgd Re$trl¢ted Funds Fund8 2024 2073 Investments 639 639 215 EXPENDITURE CHARITABLE ACTIVITIES Oth¥r Cts Support 2Q24 2023 Costs Cufjts of CharilahlEAcl¥vilEos (2,501) 120,791 118,290 112.282 ANALYS18 OF SUPPORT COSTS 2024 2023 Qonoi'al expens6S Pr•mlsos Cost¥ Sularies and WB9 Depreolatlon Other Offl costs Prolect Costs Audlt and othgr professional foes 1,797 22,214 71832 572 9,492 11,¢)39 1.218 2S,197 70,43è 572 7,115 7,410 12Q,791 f12,282 17
ABC Community Network continué (A company 1tsnll by uuarantso, lio¢ havlng a3hare capital) NOTES TO THE FINANCIAL STATEMENT.8 for tho )Inancial yoar fjnd&d 31 Marcl) 2024 NET INCOMING RESOURCES 2024 2023 Netlllcomlng Resour¢BS ar9 Statod aftèr charglnpJ{orgdltlngi.' D&preclation of. t8nglb19 a$s¢t8 ALK15tor's rÈmEm¢rallen,' - audÈt $grvkes 572 2,845 2,311 INVESTMENT ANP OTHER INCOME 2024 2Q28 Bank Intare81 639 215 EMPLOYEES AND REMUNERATION Number ofethployegs The average numbèr of por&ork8 employoct Ilncludlng 6xg¢utfve tfU8l¢esl duriny the financial year wa$ as follows.. 2LI Number 2023 NuMr Emptoyees Thè $laff cogts compTIso; 2024 2023 Wago% and sal&rie& Ponslon co8t8 67,3BI 2,970 47,119 70.331 70,439 10. TANGIBLE FIXED ASSETS FIxtur. flttlngs and equlpmenl Total Al 31 March 2Q24 28.803 28,803 Doprècjation At 1 Aprll 2IY23 Ch8rgè far th? flnanttlal year 28,231 572 2e,231 57 Al 31 fv7arch 2024 21.803 28,803 Nèt book valuè Al 31 Mar¢h 2024 At 31 M8r¢h 2023 572 572 11. DE8TORS 2024 2023 Trada ¢èbtors Pre.p8yments and aterued Incom6 9,505 824 1891 902 10,329 3,793 18
ABC Communli y Network contlnu•d IA company Ilmit by guarantsi not h4vlno a share capit•ll NOTES TO THE FINANCIAL STATEMENTS for th& Ilnancial yèar ended 31 fvlar¢h 2024 12. CASH AND CASH EQUIVALENTS 2023 Ca8h nd bank batanc¢$ 23,403 37.481 CREDITORS Amounts falling dug wlthln oTrer Taxallon and soclal s¢a411ty costs Accruals and deferred incom6 2024 7,815 8,45 8,414 9,005 RESERVES 2024 2023 Al tho beginning 011 y&ar <Dellolt)ISurplu& for the Inanclal year At the end of lle year 32,841 17.5221 16,476 26,319 32,841 FUNDS 15,1 RECONCIUATIOM OF IAOVEMENT IN FUNDS Unrostrlctod Restrlcftèd Fund$ FuMd$ Total Funds At 1 Aprll 20Y2 Movement during the flnancl81 year Al 81 M&rch 2023 Motremonl duFlfig Ihgfinanrlal yoar Al 31 March 2024 18,103 11,740 16,476 16,385 27,843 (2.5251 4,998 (4,9981 32,841 ri,5231 2&318 21,31 B 15.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 Aprll 2023 In¢omo Expentllturg Transfers beiwn funds JI March 2024 Dqpath)onl for Communitte8 Southern Hgahh and soclal Cara Trust AC.BCBC Grant Nallon81 Lottery Community Fund PIIA Cloar 64,459 10,485 1?4,459 10,485 288 3.99Q 720 9,120 g.408 3,g90 4,998 4,064 89,2 Unrestrictgd funds Unroslrfcled General 27,843 28,704 29,228 25,318 32,841 110,7e8 118,290 25,318 19
¢onllnu8d ABC Community Notwork ¢ompany limitèd by guar4nto0, not l)avlnJ a shara ¢aplthfi NOTES TO THE FINANCIAL STATEMENTS for the flnanclal year gndecl 31 March 2024 16. BTATUS 'rh8118blllty of the members io limitwl. Ewery mernbor of tho Company undwrtak&s b ¢onlrlbutfj to the a880ts of company in the 8venl of its bging wound up whll$ they are mwnber4 or wlthln on8 year Ihoroafter. for the payment ot tho dab18 and Ilabilllie8 01 the company wnlracted before Ihoy ceas8d lo be mÈr(Ibor8, and the costs, charges and 8xpans¢s of wlndln9 up, and lar tho adluslment of tho rlghls ol Ihe ¢onlributt)Tg 8niong Ihem8elveg, such amount as may bp roquIMd, not eXC•OLllng £ 1. 17. rRVSTEE REMUNERATION None of th8 Tru$le¥$ rea81Y8d nor walved any form ol remungrallan durlng the currant ¢r pr6vlous ftnanLI81 year, 20