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||Page|
|---|---|
|CharityInformation||
|Trustees'report|2-5|
|Independentauditor'sreport||
|Statementoffinancialactivities|10-11|
|Balancesheet|IN|
|Statementofcashflows|191|
|Notestothefinancialstatements|14-27|
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|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||
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|||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|
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|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|
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|||`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|
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||||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)|
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|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|
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|Othertradingactivities|||
|---|---|---|
||Unrestricted|Unrestricted|
||funds|funds|
||general|general|
||2024|2023|
|Shopsales|176,812|179,436|
|Shopcommission|35,807|42,062|
|Othertradingactivities|212,619|221,498|
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|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|
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||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|
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|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||
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|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|-|
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|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|
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|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|
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|Futureminimumleasepaymentsdueunderfinanceleases:|||
|---|---|---|
||2024|2023|
|Withinoneyear
Withintwoandfiveyears|5,586
-|6,094
5,586|
||5,586|11,680|
|Less:futurefinancecharges|(785)|(1,641)|
||4,801|10,039|
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|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|
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|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|
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|Remunerationofkeymanagementpersonnel
Thekeymanagementpersonnelofthecompanycompr|isetheTrusteesandseniormanagementt|eam.|
|---|---|---|
||2024|2023|
|Aggregatecompensation|112,270|104,257|
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|---|---|---|
|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|
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|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)|