FAMILYLIFE FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
| Notes | 2025 | 2024 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Totalfunds | Totalfunds | ||
| £ | £ | £ | ||
| Income and endownments | ||||
| Donations and legacies | 4 | 32,807 | 32,807 | 16,261 |
| Investment income | 5 | 12 | 12 | 14 |
| Otherincoming resources | 6 | 1,439 | 1,439 | 4,705 |
| TotalIncome | 34,258 | 34,258 | 20,980 | |
| Expenditure | ||||
| Expenditure on charitable | ||||
| activities | 8&9 | 26,474 | 26,474 | 28,299 |
| Totalexpenditure | 26,474 | 26,474 | 28,299 | |
| Net (expenditure)/income | ||||
| and net movement in funds | 7,784 | 7,784 | -7,319 | |
| Reconciliation offunds | ||||
| Totalfunds b/f | 8,422 | 8,422 | 15,741 | |
| Totalfundsc/f | 16,206 | 16,206 | 8,422 |
The statement of financial activities included all gains and losses recognized in the year. Allincome and expenditure derive from continuing activities.
The notes on pages 10 to 16 form part of these financial statements.
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FAMILYLIFE FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
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||||||||
|---|---|---|---|---|---|---|
|Notes|2025|2024|
|Total funds|Total|funds|
|£|£|
|Fixed|Assets|13|404|606|
|Current|Assets|
|Cash|at|bank and|in|hand|16,282|2,295|
|Prepayments|-|6,000|
|16,282|8,295|
|Creditors|
|Amounts|falling due within|1|year|14|__ 480|_480|
|Net|Current Assets|15,802|7,815|
|Total|assets|less|current|liabilities|16,206|8,422|
|Net Assets|16,206|8,422|
|Funds|of the|charity|
|Unrestricted|funds|15|16,206|8,422|
|Total|charity funds|16,206|8,422|
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These financial statements were approved by the board of trustees and authorized for issue on 15 August 2025, and are signed on behalf of the board by:
AKO Prof. C Shaw — Appointed Chair Trustee
The notes on pages 10 to 16 form part of these financial statements.
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FAMILYLIFE FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1 General Information
The charity is a public benefit 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.
2 Statement of compliance
The financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and the Republic of Ireland, the Statement of recommended practice (Charities SORP (FRS102)) and the Charities Act (Northern Iretand) 2008.
3 Accounting Policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity’s ability to continue.
Disclosure exemptions
The charity has taken advantageofthe provisions of the SORP for charities applying FRS102 Update Bulletin 1 not to prepare a Statement of Cashflows.
Judgements and key sources of estimation uncertainty
The trustees have not made any estimates in preparation of these accounts.
Fund Accounting
Unrestricted funds are available 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 are subject to restrictions on their expenditure declared by the donor or through the terms of the appeal, and fall into two sub classes: restricted income funds or endownment funds.
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FAMILYLIFE FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
Accounting Policies (continued)
Incoming resources
All incoming resources are included in the financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Legacy income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured at fair value of the goods 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 are 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 services. This is classified as unrestricted funds unless there is a contractual 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 asa liability is incurred. Expenditure including any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
Expenditure on raising funds includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
Other expenditure included ail expenditure that is neither related to raising 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 are apportioned between the activities they contribute to ona reasonable, justifiable and consistent basis.
Accounting Policies (continued)
Financial Instruments
A financial asset or financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
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FINANCIAL STATEMENTS
FAMILYLIFE FOUNDATION
YEAR ENDED 31 MARCH 2025
Basic financial instruments are initially recognised 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 publicly 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 financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not market 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 recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets 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 impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4 Donations and legacies
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | Totalfunds | Unrestricted | Total | |
| funds | funds | funds | ||
| Donations | £ | £ | £ | £ |
| Donations and gifts | 2,432 | 2,432 | 3,761 | 3,761 |
| Ardbarron Trust | 6,000 | 6,000 | 6,000 | 6,000 |
| TBF& KLThompson | 6,500 | 6,500 | 6,500 | 6,500 |
| Souter Charitable Trust | 3,000 | 3,000 | - | - |
| Benefact Trust | 13,000 | 13,000 | - | - |
| Glenmachan | 675 | 675 | - | = |
| Power Ni | 1,200 | 1,200 | __- | - |
| 32,807 | 32,807 | 16,261 | 16,261 |
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FAMILYLIFE FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
5 Investment income
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Totalfunds | Unrestricted | Total | ||
| funds | funds | funds | |||
| £ | £ | £ | £ | ||
| Bank interest rec’ble | 12 | 12 | 14 | 14 | |
| 6 | Otherincomingresources | ||||
| 2025 | 2024 | ||||
| Unrestricted | Totalfunds | Unrestricted | Total | ||
| funds | funds | funds | |||
| £ | £ | £ | £ | ||
| Generatedincome | 1,439 | 1,439 | 4,705 | 4,705 |
7 Staff Costs
The charity made no payments to any trustee in the current year or previous year. It had no employees during the current or preceding financial year.
8 Expenditure on charitable activities by fund type
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Totalfunds | Unrestricted | Total | ||
| funds | funds | funds | |||
| £ | £ | £ | £ | ||
| Support | Costs | 26,474 | 26,474 | 28,299 | 28,299 |
9 Expenditure on charitable activities by activity type
| 2025 | 2024 | |||
|---|---|---|---|---|
| Support Costs | Totalfunds | Totalfunds | ||
| £ | £ | £ | ||
| Generated | income | 26,474 | 26,474 | 28,299 |
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FAMILYLIFE FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
10 Analysis of support costs
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||||||||
|---|---|---|---|---|---|---|
|Analysis|of|2025|2024|
|Support Costs|Total|Total|
|Activity|1|
|£|£|£|
|Missions|and|ministry|costs|2,832|2,832|3,519|
|Donations|785|785|4,195|
|Bank charges|34|34|37|
|Accountancy fee|480|480|480|
|IT expenses|141|141|325|
|Management fees|22,000|22,000|22,541|
|Depn|computer equipment|_202|__202|__202|
|26,474|26,474|28,289|
|11|Independent|examination|fee|
|2025|2024|
|£|£|
|Fees|payable|to the|independent|
|examiner|for:|
|Independent|examination|of the|
|financial statements|480|480|
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12 Trustee remuneration and expenses
No amounts were paid out during the current or previous year.
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FAMILYLIFE FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
13 Tangible Fixed Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| At 1 April2024 | 1010 |
| Additions | = |
| Disposals | ___- |
| At 31 March 2025 | 1010 |
| Depreciation | |
| At 1 April2024 | 404 |
| Chargeforyear | 202 |
| Disposal | — |
| At 31 March 2025 | 606 |
| NBVat31March2025 | 404 |
| 14 | Creditors: | Amounts fallingduewithin oneyear | ||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Accruals | anddeferredincome | 480 | 480 |
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FAMILYLIFE FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
15 Analysis of charitable funds
| At | 1/4/24 | Income | Expenditure | At31/3/25 | 31/3/25 | ||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| General | Funds | 8,422 | 34,258 | -26,474 | 16,206 | ||
| At | 1/4/23 | Income | Expenditure | At31/3/24 | 31/3/24 | ||
| £ | £ | £ | £ | ||||
| General | Funds | 15,741 | 20,980 | -28,299 | 8,422 |
16 Analysis of net assets between funds
| 2025 | ||
|---|---|---|
| Unrestricted funds | Totalfunds | |
| £ | £ | |
| Fixed Assets | 404 | 404 |
| CurrentAssets | 16,282 | 16,282 |
| Creditors lessthan 1 year | __ -480 | -480 |
| 16,206 | 16,206 |
| 2024 | ||
|---|---|---|
| Unrestricted funds | Totalfunds | |
| £ | £ | |
| Fixed Assets | 606 | 606 |
| CurrentAssets | 8,295 | 8,295 |
| Creditors lessthan 1 year | -480 | -480 |
| 8,422 | 8,422 |
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