| Page | |
|---|---|
| CharityInformation | |
| Trustees'report | 2-5 |
| Independentauditor'sreport | |
| Statementoffinancialactivities | 10-11 |
| Balancesheet | IN |
| Statementofcashflows | 191 |
| Notestothefinancialstatements | 14-27 |
| Chairperson | MrsFLundy | |
|---|---|---|
| Trustees | MrJArmstrong | |
| MrPHasson | ||
| MrWKennedy | ||
| MrsFLundy | ||
| DrMMcKinney | ||
| MrEMontgomery | ||
| MrPMcLaughlin | ||
| MsClareSugden | ||
| MrSFinlay | (Appointed30May2024) | |
| Secretary | MrsJTaggart | |
| Charitynumber | NIC102034 | |
| Companynumber | N1017565 | |
| Registeredoffice | 17SandelVillage | |
| KnocklynnRoad | ||
| Coleraine | ||
| BT521WW | ||
| Auditor | Moore(N.I.)LLP | |
| 30-32LodgeRoad | ||
| Coleraine | ||
| BT521NB | ||
| Bankers | UlsterBankLimited | |
| 30TheDiamond | ||
| Coleraine | ||
| Co.Londonderry | ||
| BT521DP | ||
| DanskeBank | ||
| DonegallSquareWest | ||
| Belfast | ||
| BT16JS | ||
| Solicitors | MacaulayWrayLLP | |
| 35NewRow | ||
| Coleraine | ||
| CoLondonderry | ||
| BT521AH |
| Unrestricted | Unrestricted | Restricted | Total | Unrestricted | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds |
funds | ||||
| general | designated | general | designated | ||||||
| 2024 | 2024 | 2024 | 2024 | 2023 |
2023 |
2023 | 2023 | ||
| Notes | £ |
£ |
£ | £ | £ |
£ |
£ | £ | |
| Incomeandendowmentsfrom: | |||||||||
| Charitableactivities | 3 | 653,581 | 3,657,420 | 4,311,001 | 634,721 |
418,131 | 1,052,852 | ||
| Othertradingactivities | 4 | 212,619 | 212,619 | 221,498 |
- | 221,498 | |||
| Investments | 5 | 2,070 | 2,070 | 563 |
563 | ||||
| Otherincome | 6 | 48,691 | 48,691 | 39,495 |
39,495 | ||||
| Totalincome | 916,961 | 3,657,420 | 4,574,381 | 896,277 |
418,131 | 1,314,408 | |||
| Expenditureon: | |||||||||
| Charitableactivities | 7 | 920,162 | 25,294 | 363,276 | 1,308,732 | 867,954 |
30,515 |
135,787 | 1,034,256 |
| Net(expenditure)lincomefortheyear/ | |||||||||
| Netmovementinfunds | (3,201) | (25,294) |
3,294,144 | 3,265,649 | 28,323 | (30,515) |
282,344 | 280,152 |
| Net(outgoing)/Incomingresourcesbefore transfers |
(3,201) | (25,294) | 3,294,144 | 3,265,649 | 28,323 | (30,515) | 282,344 | 280,152 |
|---|---|---|---|---|---|---|---|---|
| Grosstransfersbetweenfunds | 4,203 | (4,203) | - | |||||
| Net(expenditure)/incomefortheyear/ Netmovementinfunds |
(3,201) | (25,294) | 3,294,144 | 3,265,649 | 32,526 | (30,515) | 278,141 | 280,152 |
| Fundbalancesat1April2023 | 912,628 | 419,389 | 693,505 | 2,025,522 | 880,102 | 449,904 | 415,364 | 1,745,370 |
| Fundbalancesat31March2024 | 909,427 | 394,095 | 3,987,649 | 5,291,171 | 912,628 | 419,389 | 693,505 | 2,025,522 |
2024 |
2023 |
||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixedassets | |||||
| Tangibleassets | 12 | 5,489,900 | 2,232,099 | ||
| Currentassets | |||||
Stocks |
13 |
44,833 |
43,840 | ||
| Debtors | 14 | 522,022 | 200,035 | ||
| Cashatbankandinhand | 401,809 | ||||
| 968,664 | |||||
| Creditors:amountsfallingduewithin | |||||
oneyear |
17 |
(796,723) |
(318,418) | ||
| Netcurrentassets | 171,941 | 133,913 | |||
| Totalassetslesscurrentliabilities | 5,661,841 | 2,366,012 | |||
| Creditors:amountsfallingdueafter | |||||
| morethanoneyear | 18 | (370,670) | (340,490) | ||
| Netassets | 5,291,171 | 2,025,522 | |||
| Incomefunds | |||||
| Restrictedfunds | 20 | 3,987,649 | 693,505 | ||
| Unrestrictedfunds-designated | 394,095 | 419,389 | |||
| Unrestrictedfunds-general | 909,427 | 912,628 | |||
| 2,025,522 |
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ |
£ | £ | |
| Cashflowsfromoperatingactivities | |||||
| Cashgeneratedfromoperations | 25 | 3,069,768 | 435,348 | ||
| Investingactivities | |||||
| Purchaseoftangiblefixedassets | (3,450,504) | (397,092) | |||
| Proceedsfromdisposaloftangiblefixed | |||||
| assets | 1,235 | - | |||
| Investmentincomereceived | 2,070 | 563 | |||
| Netcashusedininvestingactivities | (3,447,199) | (396,529) | |||
| Financingactivities | |||||
| Proceedsfromnewbankloans | 580,000 | - | |||
| Repaymentofbankloans | (46,042) | (49,912) | |||
| Paymentoffinanceleasesobligations | (5,238) | (18,212) | |||
| Netcashgeneratedfrom/(usedin) financingactivities |
528,720 | (68,124) | |||
| Netincrease/(decrease)incashandcash equivalents |
151,289 | (29,305) | |||
| Cashandcashequivalentsatbeginningofyear | 202,487 | 231,792 | |||
| Cashandcashequivalentsatendofyear | 353,776 | 202,487 | |||
| Relatingto: | |||||
| Cashatbankandinhand | 401,809 | 208,456 | |||
| Bankoverdraftsincludedincreditorspayable | |||||
| withinoneyear | (48,033) | (5,969) |
| Charitableactivities | ||
|---|---|---|
| 2024 | 2023 | |
| Trainingcourses | 31,067 | 64,317 |
| Rents | 541,858 | 509,350 |
| Services | 17,788 | 18,147 |
| Roomhireincome | 6,588 | 9,658 |
| Miscellaneousincome | 3,588 | 507 |
| Grantincome | 3,710,112 | 450,873 |
| 4,311,001 | 1,052,852 | |
| Analysisbyfund | ||
| Unrestrictedfunds-general | 653,581 | |
| Unrestrictedfunds-designated | ||
| Restrictedfunds | 3,657,420 | |
| 4,311,001 | ||
| Fortheyearended31March2023 | ||
| Unrestrictedfunds-general | 634,721 | |
| Restrictedfunds | 418,131 | |
| 1,052,852 |
| Othertradingactivities | ||
|---|---|---|
| Unrestricted | Unrestricted | |
| funds | funds | |
| general | general | |
| 2024 | 2023 | |
| Shopsales | 176,812 | 179,436 |
| Shopcommission | 35,807 | 42,062 |
| Othertradingactivities | 212,619 | 221,498 |
| 5 | Investments | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| general | general | ||
| 2024 | 2023 | ||
| Bankinterest | 2,070 | 563 | |
| 6 | Otherincome | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| general | general | ||
| 2024 | 2023 | ||
| Netgainondisposaloftangiblefixedassets | 224 | - | |
| SolarROCincome | 21,970 | 30,325 | |
| Solarexportincome | 26,497 | 9,170 | |
| 48,691 | 39,495 |
| 2024 | 2023 | |
|---|---|---|
| Staffcosts | 97,284 | 57,185 |
| Depreciationandimpairment | 191,691 | 105,304 |
| Purchases | 96,538 | 96,835 |
| Stafftraining | 5,560 | 5,850 |
| Openingstock Closingstock |
43,840 (44,833) |
39,020 (43,840) |
| Trainingcosts | 121,197 | 77,894 |
| Repairsandmaintenance | 81,567 | 75,892 |
| Advertisingandpromotions | 30,050 | 8,869 |
| Motorandtravelexpenses | 17,613 | 18,177 |
| Subscriptions | 8,276 | 7,743 |
| Badanddoubtfuldebts | 80 | - |
| Miscellaneousexpenses | 5,351 | 9,814 |
| Bankcharges | 14,304 | 6,496 |
| Interestonfinancelease | 856 | 1,111 |
| Loaninterestpaid | 60,028 | 20,585 |
| Computerexpenses | 22,401 | 20,110 |
| 751,803 | 507,045 | |
| Shareofsupportcosts(seenote8) | 536,839 | 510,447 |
| Shareofgovernancecosts(seenote8) | 20,090 | 16,764 |
| 1,308,732 | 1,034,256 | |
| Analysisbyfund | ||
| Unrestrictedfunds-general | 920,162 | 867,954 |
| Unrestrictedfunds-designated | 25,294 | 30,515 |
| Restrictedfunds | 363,276 | 135,787 |
| 1,308,732 | 1,034,256 |
| 8 | Supportcosts | |||||
|---|---|---|---|---|---|---|
| Support | Governance | 2024 | 2023 | Basisof | ||
| costs | costs |
allocation | ||||
| Staffcosts | 337,804 | - |
337,804 | 345,778 | Support | |
| Rentandrates | 71,779 | - |
71,779 | 69,081 | Support | |
| Lightandheat | 27,479 | - |
27,479 | 33,177 | Support | |
| Cleaning | 9,094 | - |
9,094 | 9,492 | Support | |
| Stationery,printingandpostage | 3,544 | - |
3,544 | 6,565 | Support | |
| Telephone | 23,451 | - |
23,451 | 21,049 | Support | |
| Insurance | 25,259 | - |
25,259 | 21,717 | Support | |
| Legalandprofessional | 38,429 | - |
38,429 | 3,050 | Support | |
| Serviceshired | - | - |
- | 538 | Support | |
| Auditfees | - | 5,500 |
5,500 | 5,000 | Governance | |
| Legalandprofessional | - | 14,590 |
14,590 | 11,764 | Governance | |
| 536,839 | 20,090 | 556,929 | 527,211 | |||
| Analysedbetween | ||||||
| Charitableactivities | 536,839 | 20,090 | 556,929 | 527,211 |
| Numberofemployees Theaveragemonthlynumberofemployeesduringthe |
yearwas: | |
|---|---|---|
| 2024 | 2023 | |
| Number | Number | |
| Officeandmanagement | 14 | 12 |
| Employmentcosts | 2024 | 2023 |
| Wagesandsalaries Socialsecuritycosts Otherpensioncosts |
385,025 30,635 19,428 |
352,604 32,787 17,572 |
| 435,088 | 402,963 |
| Thenumberofemployeeswhoseannualremuner | ationwas£60,000ormorewere: | |
|---|---|---|
| 2024 | 2023 | |
| Number | Number | |
| Over£100,000 | 1 | |
| Over£110,000 | 1 | - |
| 12 | Tangiblefixedassets | ||||
|---|---|---|---|---|---|
| Landand | Fixturesand | Motor |
Total | ||
| buildings | fittings | vehicles |
|||
| £ | F- | ||||
| Cost | |||||
| At1April2023 | 2,828,846 | 742,910 | 34,950 |
3,606,706 | |
| Additions | 3,210,228 | 240,276 | - |
3,450,504 | |
| Disposals | (1,033) | - | (1,033) | ||
| At31March2024 | 6,038,041 | 983,186 | 34,950 |
7,056,177 | |
| Depreciationandimpairment | |||||
| At1April2023 | 911,893 | 436,500 | 26,214 |
1,374,607 | |
| Depreciationchargedintheyear | 120,885 | 62,070 | 8,736 |
191,691 | |
| Eliminatedinrespectofdisposals | (22) | - | - |
(22) | |
| At31March2024 | 1,032,756 | 498,570 | 34,950 |
1,566,276 | |
| Carryingamount | |||||
| At31March2024 | 5,005,285 | 484,616 | - |
5,489,901 | |
| At31March2023 | 1,916,953 | 306,410 | 8,736 |
2,232,099 | |
| Thenetcarryingvalueofthetangiblefixedassetsincludesthefollowinginrespectofassetsheldunder financeleaseorhirepurchasecontracts.Thedepreciationchargeinrespectofsuchassetsamountedto £8,736(2023-£8,738)fortheyear. |
|||||
| 2024 | 2023 | ||||
| Motorvehicles | - | 8,736 | |||
| 13 | Stocks | 2024 | 2023 | ||
| Finishedgoodsandgoodsforresale | 44,833 | 43,840 | |||
| 14 | Debtors | ||||
| 2024 | 2023 | ||||
| Amountsfallingduewithinoneyear: | £ | £ | |||
| Tradedebtors | 23,892 | 14,470 | |||
| Otherdebtors | 491,290 | 180,159 | |||
| Prepaymentsandaccruedincome | 6,840 | 5,406 | |||
| 522,022 | 200,035 |
| Loansandoverdrafts | ||
|---|---|---|
| 2024 | 2023 | |
| Bankoverdrafts Bankloans |
48,033 945,729 |
5,969 411,771 |
| 993,762 | 417,740 | |
| Payablewithinoneyear Payableafteroneyear |
623,092 370,670 |
82,051 335,689 |
| Amountsincludedabovewhichfalldueafterfiveyears: | ||
| Pblbinstalments | 117,099 | 137,232 |
| Futureminimumleasepaymentsdueunderfinanceleases: | ||
|---|---|---|
| 2024 | 2023 | |
| Withinoneyear Withintwoandfiveyears |
5,586 - |
6,094 5,586 |
| 5,586 | 11,680 | |
| Less:futurefinancecharges | (785) | (1,641) |
| 4,801 | 10,039 |
| 17 | Creditors:amountsfallingduewithinoneyear | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Notes | £ | £ | ||
| Bankloansandoverdrafts | 15 | 623,092 | 82,051 | |
| Obligationsunderfinanceleases | 16 | 4,801 | 5,238 | |
| Othertaxationandsocialsecurity | 12,498 | 9,402 | ||
| Tradecreditors | 92,825 | 154,449 | ||
| Othercreditors | 978 | - | ||
| Accrualsanddeferredincome | 62,529 | 67,278 | ||
| 796,723 | 318,418 | |||
| 18 | Creditors:amountsfallingdueaftermorethanoneyear | |||
| 2024 | 2023 | |||
| Notes | £ | £ | ||
| Bankloans | 15 | 370,670 | 335,689 | |
| Obligationsunderfinanceleases | 16 | - | 4.801 | |
| 370,670 | 340,490 | |||
| 19 | Retirementbenefitschemes | |||
| 2024 | 2023 | |||
| Definedcontributionschemes | £ | £ | ||
| Chargetoprofitorlossinrespectofdefinedcontributionschemes | 19,428 | 17,572 |
| Analysisofnetassetsbetweenfunds | |||||
|---|---|---|---|---|---|
| UnrestrictedUnrestricted | Restricted | Total | Total | ||
| funds | designated | funds | |||
| funds | |||||
| 2024 | 2024 | 2024 | 2024 | 2023 | |
| Fundbalancesat31March | |||||
| 2024arerepresentedby: | |||||
| Tangibleassets Currentassets |
1,108,156 171,941 |
394,095 - |
3,987,649 - |
5,489,900 171,941 |
2,232,099 133,913 |
| Longtermliabilities | (370,670) | - |
- | (370,670) | (340,490) |
| 909,427 | 394,095 | 3,987,649 | 5,291,171 | 2,025,522 |
| Remunerationofkeymanagementpersonnel Thekeymanagementpersonnelofthecompanycompr |
isetheTrusteesandseniormanagementt | eam. |
|---|---|---|
| 2024 | 2023 | |
| Aggregatecompensation | 112,270 | 104,257 |
| Cashgeneratedfromoperations | 2024 | 2023 |
| Surplusfortheyear | 3,265,649 | 280,152 |
| Adjustmentsfor: | ||
| Investmentincomerecognisedinstatementoffinancialactivities | (2,070) | (563) |
| Gainondisposaloftangiblefixedassets | (224) | - |
| Depreciationandimpairmentoftangiblefixedassets | 191,691 | 105,304 |
| Movementsinworkingcapital: | ||
| (Increase)instocks | (993) | (4,820) |
| (Increase)indebtors | (321,988) | (62,650) |
| (Decrease)/increaseincreditors | (62,297) | 117,925 |
| Cashgeneratedfromoperations | 3,069,768 | 435,348 |
| 26 | Analysisofchangesinnet(debt)/funds | |||
|---|---|---|---|---|
| At1April2023 | CashflowsAt31March2024 | |||
| Cashatbankandinhand | 208,456 | 193,353 | 401,809 | |
| Bankoverdrafts | (5,969) | (42,064) | (48,033) | |
| 202,487 | 151,289 | 353,776 | ||
| Loansfallingduewithinoneyear | (76,082) | (498,977) | (575,059) | |
| Loansfallingdueaftermorethanoneyear | (335,689) | (34,981) | (370,670) | |
| Obligationsunderfinanceleases | (10,039) | 5,238 | (4,801) | |
| (219,323) | (377,431) | (596,754) |