Icare Intorporoted
Unauditedfinancialstotement5Aor the year ended31 Ortober 2023
Page 3
Directors, report
The directors present their report and the unaudited financial statements for the year ended 31 October 2023.
Re5uIt5
The Statement of Financial Attivities for the year is set out on page 7.
Directors
The directors of the Company at 31 Ortober 2023, who have all been directors for the whole of the year ended
on that date, are listed on page l.
Financial Instruments and risk management
Information on the use of financial instruments by the Company and its management of financial risk are
discussed in the Strategic Report.
Taxation 5tatU5
The Company is a close company as defined by the provisions of the Income and Corporation Taxes Act 1988
and this position has not changed since the end of the financial year.
Corporate govemance
Icare Incorporated is a company limited by guarantee and as such it does not have share capital.
Every director being a member undertakes to contribute to the assets of the Company, in the event of same
being wound up while he is a member. or within one year after he ceases to be a member, for payment of
debts and liabilities of the Company contracted before he ceases to be a member, and of the costs. charges
and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such
amount as may be required not exceeding £l.(M).
The Company is registered with the HM Revenue & Customs as a charitable body for taxation purposes IHM
Revenue & Customs Charity No. Kr369341. The Company was incorporated on 20 Ortober 2011 and its
governing instruments are the Memorandum and Articles of Association. The address of the Companws
registered office, which is also its principal address, is given on page l.
Remunerdtion
The directors of the Company received no remuneration other than the reimbursement of out of pocket
expenses.
Commentary on the financial Statements
Financial statements presentation
The Companvs financial statements have been presented in the format set out as best practice by the
Statement of Recommended Practice I"SORWI "Accounting by Charities" Issued by the Charity Commissioner5
in England and Wales.
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Icare Intorporoted
Unauditedfinancialstotement5Aor the year ended31 Ortober 2023
Page 4
Directors, report {continued)
The Statement of Financial Activities I"SOFA"I focuses on showing the total incoming resources. both revenue
and capital. which have been made available to the Company during the year and the way in which those
resources have been used, whether as direct charitable expenditure in carrying out and supporting the
CompanWs community driven activities, or in the management and administration of the Company itself. The
SOFA also shows those incoming resources for the year received from sources which place restrictions on the
way in which the Company can use the funds, and the level of incoming resources that can be used by the
Company without restriction, within the CompanV5 charitable objects.
Changes in fixed assets
The movements in fixed assets during the year are Set out in note 10 to the financial statements.
Reserves
At 31 October 2023 the Company had net liabilities of £7,413 12022.. net assets of £6.0651.
Directors, responsibilities ststement
The directors are responsible for preparing the Strategic Report, the Directors. Report and the financial
statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the
directors have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Prartice Iunited Kingdom Accounting Standards and applicable lawl. Under company
law the director5 must not approve the financial Statements unless they are satisfied that they give a true and
fair view of the state of the affairs of the Company and the profit or105s of the Company for that year.
In preparing these financial statements, the directors are required to=
select suitable accounting policies and then apply them consistently:
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed. subject to any material
departures, disclosed and explained in the financial statements- and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Company will continue in business.
The directors are responsible for keeping adequate accounting record5 that are sufficient to show and explain
the Companws transactions and disc105e with reasonable accuracy at any time the financial p051tion of the
Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
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Icare Intorporoted
Unauditedfinancialstotement5Aor the year ended31 Ortober 2023
Page 5
Directors, report {continued)
Special provisions relating to small sized companie5
This report has been prepared in accordance with the special provisions of Part XV of the Companies Act 2006
relating to small sized companies.
Approval
The Directors. Report was approved by the Board of Directors on 18 October 2024 and signed on its behalf by..
v￿￿1r￿a VIIA£kl
Mairead Mackle
Director
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