FAMILYLIFE FOUNDATION STATEMENT OF FINANCIAL AFFAIRS YEAR ENDED 31 MARCH 2023 Notes 2023 2022 Unrestrict ed funds Total funds Total funds Income and endownments Donations and legacies Investment income 15825 26 15825 26 7089 32 Other incoming resources 3158 3158 19009 19009 7121 Expenditure Expend on charitable activities 8&9 21833 21833 11313 Tota l expenditure 21833 21833 11313 Net (expenditurel/income and net movement in funds -2824 -2824 -4192 Reconciliation of funds Total funds b/f 18565 18565 22757 Total funds c/f 15741 15741 18565 The statement of financial activities included all gains and losses recognised in the year. All income and expend iture derive from continuing activities. The notes on pages 8 to 13 form part of these financial statements, FAMILYLIFE FOUNDATION STATEMENT OF FINANCIAL POSITION 31 MARCH 2023 Notes 2023 2022 Total funds Total funds Fixed Assets 13 808 Current Assets Cash at bank and in hand Prepayments 10412 5000 15412 19045 19045 Creditors Amounts fallinfg due within l year 14 480 480 Net Current Assets 14932 18565 Total assets less current liabilities 15741 18565 Net Assets 15741 18565 Funds of the charity Unrestricted funds 15 15741 18565 Total charity funds 15741 18565 These financial statements were approved by the board of trustees and authorised for issue on 6 December 2023, and are signed on behalf of the board by.. Prof. C shaw- Appointed Chair Trustee The notes on pages 8 to 13 form part of these financial statements. FAMILYLIFE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 General information The cha rity is a public benef it entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is Duncairn Manse, Duncairn Avenue, Belfast, BT14 6BP. Statement of compliance The financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard 3pllicable in the UK and the Republic of Irela nd, the Statement of reccommended Practice applicable to charities preparing their accounts in accorda nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} {Charities SORP I FR510211 and the Charities Act {Northern Irela nd} 2008. Accounting policies Basis of preparation The financia I statements have been prepared on the historical cost basis, as modif led by the revaluation of certain f inancial assets and liabilities and investment properties measured at fair value through income or expend iture. The statements are prepared in sterling, which is the functional currency of the entity. Going concerm There are no material uncertainties about the charity's ability to continue. Disclosure exemptions The charity has taken advantage of the provisions of the SORP for charities applying FRS102 Update Bulletin I not to prepare a Statement of Cashflows. Judgement5 and key sources of estimation uncertainty The trustees have not made any estimates in prepartion of these accounts accounts. Fund Accounting U nrestricted funds are ava ilable for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds a re SLAbject to restrictions on their expenditu re declared by the donor or through the terms of the appeal, and fall into two sub classes: restricted income funds or endownment funds. FAMILYLIFE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Icontinuedl YEAR ENDED 31 MARCH 2023 Accounting policies (continued) Incoming resources All incoming resources are included in the financial activites when entitlement ha5 passed to the cha rity; it is probable that the economic benef its associated with the tra nsaction will flow to the charity and the amou nt can be reliably measured. The following specific policies are applied to particular categories of income: Income form donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliable. Legacy income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured at fair value of the good5 unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services a re recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractua I requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure included any VAT which cannot be fully recovered, and is classif led under headings of the statement of f inancial activities to which it relates.. Expenditure on raising funds includes the cost of all fundraising activities, events, non charita ble trading activites, and the sale of donated goods. Expenditure on cha ritable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support cots and costs relating to the governance of the charity a pportioned to cha ritable activites. FAMILYLIFE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Icontinuedl YEAR ENDED 31 MARCH 2023 Accounting policies (continued) Resources expended (continued) Other expenditure incl udes all expenditure that Is neither related to raisi ng funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs a re apportioned between the activities they contribute to on a reasonable, justifiable a nd consistent basis. Financial instruments A financial asset or a financial liability is recognised only when the charitv becomes a party to the contractual provision5 of the instrument. Basic financial instruments are initially recoEnised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publically traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other f ina ncial instruments, includ ing deriatives, are initia Ily recognised at fair value, unless payment for an asset is deferred beyond normal business terms or fina nced at a rate of interest that is not ma rket rate, which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recogn ised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial asset5 that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an im pa irment loss is recognised under the appropriate head ing in the statement of f inancial activities in which the initia I gain was recognised. io FAMILYLIFE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {continuedl YEAR ENDED 31 MARCH 2023 Financial instruments (continued) Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a ca rrying amount of the financia l asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donations and legacies 2023 Total Unrestricted funds funds Total funds 2022 Unrestricted funds Donations Donations and gifts The Ardbarron Trust TBF & KL Thompson Souter Charitable Trust Arnold Clark Foundation 2325 4000 6500 3000 2325 4000 6500 3000 3089 3000 3089 3000 iooo iooo 15825 15825 7089 7089 Investment income 2023 Total Unrestricted funds funds Total funds 2022 Unrestricted funds Bank interest receivable 26 26 32 32 Other incoming resource5 2023 Tota l Unrestricted funds fund5 Total funds 2022 Unrestricted funds Generated income 3158 3158 li FAMILYLIFE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Icontinuedl YEAR ENDED 31 MARCH 2023 staff costs As disclosed in note 12 the Charity made payments to one trustee in the previous year but otherwise had no employees during the current or prededing financial years. Expenditure on charitable activities by fund type 2023 Total Unrestricted funds funds Total funds 2022 Unrestricted funds Support Costs 21833 21833 11313 11313 Expenditure on charitable activities by activity type 2023 2022 Support Costs Total funds Total funds Charitable Activity 21833 21833 11313 Analysis of Support Costs 10 Analysis of support costs 2023 2022 Activity I Total Total Volunteer Expenses Missions and Ministry Costs Wages and Salaries Bank Charges Accountancy Fee IT Expenses Write off Management Fees Depreciation Computer Equipment 198 873 198 873 221 230 250 12 600 32 480 274 32 480 274 4774 15000 202 4774 15000 202 ioooo 21833 21833 11313 12 FAMILYLIFE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Icontinuedl YEAR ENDED 31 MARCH 2023 11 Independent examination fees 2023 2022 Fees payable to the independent examiner for: Independent exam ination of the f inancial statements 480 480 12 Trustee remuneration and expenses One Trustee, Mr G Moore, received payment for administrative and other services carried out for the charity in the previous year. None was paid in the current year 2023- £nil12022- £2501. He was not paid for acting as trustee. 13 Tangible Fixed Assets Comp Equip Cost At 114122 Additions Disposal ioio At 31/3123 ioio Depreciation At 1/4122 Charge for year Disposal 202 At 31/3123 202 NBV At 31/3123 808 14 Creditors: Amounts falling due within one year 2023 2022 Accruals and deferred income 480 480 13 FAMILYLIFE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Icontinuedl YEAR ENDED 31 MARCH 2023 15 Analysis of charitable funds Unrestricted funds At l April 2022 At31 Income Expenditure March 2023 General Funds 18565 19009 -21833 15741 At l April 2021 At31 Income Expenditure March 2022 General Funds 22757 7121 -11313 18565 16 Analysis of net asset5 between funds 2023 Unrestricted funds Total funds Fixed Assets Current assets Creditors less than l year 808 15412 -480 808 15412 -480 15741 15741 2022 Unrestricted funds Total funds Current Assets Cred itors less than l year 19045 -480 19045 -480 18565 18565 14