Registration Number: Nl 020856 Salnt John of God Foundatlon IA company limited by guarantee, not havlng a share capital) Trustees. Report and Flnanclal Statement8 Flnanclal Year Ended 31 December 2023
Saint John of God Foundation IA cornpany limited by guarantee, not having a share capital) Trustees. Report and Financial Statements 2023 CONTENTS Page TRUSTEES AND OTHER INFORMATION TRUSTEES, REPORT INDEPENDENT AUDITORS, REPORT 8-10 STATEMENT OF FINANCIAL ACTIVITIES 11 BALANCE SHEET 12 STATEMENT OF CHANGES IN FUNDS 13 STATEMENT OF CASHFLOVVS 14 NOTES TO THE FINANCIAL STATEMENTS 15-21
Saint John of God Foundation (A company limited by guarantee, not having a share capital TRUSTEES AND OTHER INFORMATION Trustees Theresa Ghalaieny John Lennon John Gallagher (Brother Ronan) (Brother Finnian) Secretary Ciaran Cuddihy Company Number: NI 020856 Charity Tax Number: XR 43047 Northern Ireland Charity Number: NIC 102440 Registered office Arthur House 1-3 Arthur Street Belfast Co Antrim BT14G8 Independent audltors Crowe Ireland Chartered Accountants and Ststutory Audit Firm 40 Mespil Road Dublin 4 D04 C2N4 Ireland Solicitors Rosemary Connolly Solicitors Limited 2 The Square Warrenpoint Co. Down BT34 3JT Bankers First Trust Bank Limited 31135 High Street Belfast Co. Antrim BT12AL
Saint John of God Foundation IA company Ilmited by guarantee, not having a share capital) TRUSTEES, REPORT The Trustees present their report and the audited financial statements for the financial year ended 31 Dember 2023. The Trustees have adopted the provisions of the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts with reference to the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) effective 1 January 2015} - (Charities SORP (FRS 102), in preparing their annual report and financial statements of the charity. Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordan with applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year giving a true and fair view of the company's assets, liabilities and financial position at the end of the financial year and the profit or loss of the company for the financial year. Under that law the trustees have prepared the financial ststements in accordance with United Kingdom Generally Accepted Accounting Practice {United Kingdom Accountancy Standards and applicable law). Under company law, the trustees shall not approve the financial statements unless they are satisfied that they give a true and fair view of the company's assets, liabilities and financial position as at the end of the financial year and the profit or loss of the company for the financial year. In preparing these financial statements, the trustees are required to". select suitable accounting policies and then apply them consistently., make judgements and estimates that are reasonable and prudent; state whether the financial statements have been prepared in accordance with applicable accounting standards and identify the standards in question, subject to any material departures from those standards being disclosed and explained in the notes to 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 trustees are responsible for keeping adequate accounting records that are sufficient to.. correctly record and explain the transactions of the company- enable, at any time, the assets, liabilities, financial position and profit or loss of the company to be determined with reasonable accuracy-, and enable the trustees to ensure that the financial statements comply with the Companies Act 2006 and enable those financial statements to be audited. The trustees confirm that they have complied with the above requirements in preparing the financial ststements. The trustees are also responsible for safeguarding the assets of the company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Objectives and Activities The company's principal activity is to raise funds to support people with learning disability and those with mental health challenges. It will continue with its fundraising activities. How the Money Was Raised The charity raises money mainly by asking the public to commit to making monthly donations using a direct debit from their bank account. Fundraisers are contracted to call on people and explain the work of the charity and to ask them for their support. Money is also raised through donations from special appeals, grants from other organisations and from legacies. The Board would like to thank each and every donor for the help that they are giving to improve the lives of people who are marginalised as a result of intellectual disability, mental health challenges, age or social
Saint John of God Foundation (A company limited by guarantee, not having a share capltal) TRUSTEES, REPORT (continued) exclusion. The Board would also like to thank the UK govemment for its support for the programme under the Gift Aid scheme. How the Money Was Spent The charity supported mentsl health projects in Northern Ireland and in Malawi and projects supporting people with leaming disabilities in Malawi. Malawi The year 2023 marked the commencement of the implementation of the new SJOG Malawi five-year strategic plan which was developed at the end of 2022 and expires at the end of 2027. The plan has five pillars, which are our roadmap for the next five years.. 1) Governance, Institutional and Human Capital Development., 2) Optimal Service Delivery., 3) Education, Research, and Consultancy., 4) Partnership, Advocacy and Communication,. and 5) Resource Mobilisation and Investments. The year 2023 had its challenges, including Cyclone Freddy in Southern Malawi. There We several significant events and programs that impacted the lives of people in the region. The major highlights of the year were.. the recognition of St. John of God facility in Mzuzu as the first hospital in the country to be rated as a 3-star medical facility in the provision of quality health services to its clients., commemoration of an Open Day aimed at celebrating its 30 years of our work in Malawi and the setting up of the local fundraising office which is tasked with finding new funding which will help make the programme more financially sustainable over time. th support from partners, the Malawi team empowered local communities to strengthen their child protection systems and tackle issues of abuse, neglect, and other forms of violence within communities. The service also offered holistic rehabilitation seNices and vocational skills training to children and youths with special needs. The SJOG Malawi College of Health Sciences had several attainments including the introduction of new courses. The mental health Out-Patient Department attendance and average bed occupancy rate in the inpatient facilities increased in comparison to 2022. Several stsff capacity-building initiatives were done including in-service and external staff training. Detailed information on the SJOG Malawi services can be found at www.s' .mw. Northern Ireland The Charity has developed a programme to support the delivery of community mental health projects across Northern Ireland as well as supporting children with intellectual disabilities. This helps answer the serious mental health and addiction problems that are prevalent in more marginalised communities. The approach the charity is taking is to identify community based charities and to partner with them to provide more funding so that they can provide a greater amount of counselling and other therapies. The programme now has four partners,. Lighthouse in Belfast, The Aisling Centre in Enniskillen, The Koram Centre in Strabane and Solas in Belfast. In 2023 the following grants were made". Koram Centre - Strabane, Tyrone Mental Health £10,000 The project supports individuals dealing with a range of mental healthlemotional wellbeing issues. This includes low moodldepression, stresslanxiety, relationship, and work issues.
Saint John of God Foundation (A company limited by guarante6. not having a share capital) TRUSTEES. REPORT (continued) Solas - Omeau Rd Belfast Intellectual Disability £ 20,000 To help towards the purchase of a dedicated SONA 8 passenger vehicle. The addition of the vehicle allow SOLAS to operate independently of the childcare area, and ensure that all young adults on the programme, will be able to fully engage in the full suite of activities Through this project Lighthouse aims to provide free and 8c¢essible counselling, crisislemotional support to those in crisis or who are suicidal, and those directly affected by suicide. This project funded the part-time salary costs of the Co-chief Executives responsible for leading the organisation as the line manager of the other members of staff, working with the Board of Trustees to set strategic direction and oversee the delivery of strategic objectives The project aims to address a broad range of mental health issues including trauma, sexual abuse, domestic and sexual violence, anger, addiction related issues, self-harm, low-mood, depression, anxiety, stress bereavement, self-esteem Lighthouse, Belfast Mental Health £10,000 Pure Mental {Nl) Youth Mental Health £30,800 Aisling Centre, Enniskillen Co. Fermanagh Mental Health £10,000 Future Support From 2024 onwards it is planned to continue to fund the programme in Malawi and other SJOG projects in Africa and seek new partners in Northern Ireland. Trustees The Trustees who held Offi during the period under review and up to the date of this report were as follows.. Theresa Ghalaieny John Lennon {Brother Ronan) John Gallagher (Brother Finnian) Attendance at Board Meetings The attendance of the Board of Trustees members at meetings is as follows: Board member Attended John Gallagher Theresa Ghalainey John Lennon
Saint John of God Foundatlon (A company limited by guarantee, not having a share capltal) TRUSTEES. REPORT (continued) Financial review A review of the operations of the company during the financial year and the results of those operations are as follows.. The Statement of Financial Activities and Balance Sheet for the year ended 31 December 2023 are set out on pages 11 and 12. Net movement in funds for the year amounted to É95,891 (2022.. E96,629). At the end of the year, the company had totsl assets of É451,849 12022. £513,059) and total liabilities of É14,172 (2022.. 171,273). The net assets of the company have decreased by E95,891 (2022.. increased £96,629). The directors are satisfied with the level of retained reserves at the year end. Reserves The Board has agreed that it is necessary to maintsin a reserve of not less than £50,000 to cover unexpected expenditure, should income be impacted for any reason. At 31 December 2023, the company held reserves of £437,677. These reserves consist of £y unrestricted reserves and £z restricted reserves. Accounting records The measures taken by the trustees to secure compliance with the company's obligation to keep adequate accounting records are the use of appropriate systems and procedures and employment of competent persons. The accounting records are kept at Flavian House, Saint John of God, Stillorgan, Co. Dublin. Structure, governance and management The company is a company limited by guarantee, not having a share capital, registered with Companies House (NI 20856) and the Charity Commission for Northern Ireland INIC102440). The company is governed on behalf of its members through its Constitution. The company is underthe Direction of a Board of voluntary and non-executive Trustees to whom the Chief Executive reports and receives direction. On 1 January 2021, the company changed its name from 'The Saint John of God Association, to 'Saint John of God Foundation,. The Board meets at the very least, four times a year to receive reports from the CEO and consider the company's performance and strategies. The trustees convene an annual general meeting each year at which the reports and financial statements for the preceding financial year are adopted, the performance and outlook for the company are discussed and the independent auditors report is received. The Board submits its longest serving trustees, as well as any casual vacancies filled Sin the last AGM, for election to the company's members in line with the Constitution. The Board is empowered to appoint Trustees subject to subsequent ratification by the Members in General Meeting. Upon appointment, Trustees are inducted as to the Company's mission, values, current issues and their responsibilities as Trustees under law. Appointment is for a three-year renewable term, with a maximum of three terms in line with best practices in corporate governance, to which the Board is committed. Trustees and secretary's interests The trustees and secretary and their families had no interest in the company or any other related companies at 31 December 2023. Reference and admlnlstratlon deta118 Details included on page 2.
Salnt John of God Foundation (A company limlted by guarantee, not havlng a share cap51al) TRUSTEES. REPORT (continued) Prfncipal risks and uncertalnties The trustees consider the greatest risk and uncertainty to be a fall in charitable donab'ons. The trustees regularly review and assess this risk. Events Since the End of th• Year One partner supported by the charity, Pure Mental (Nl), has closed down since the year end. Dlsclosure of infomiatlon to auditors The Trustees in office at the date of this report have each confinned that: as far as helshe is aware, there is no relevant audit infonnation of which the company's ststutory auditors are unaware", and helshe has taken all the steps that helshe ought to have taken as a trustee in order to make himselflherself aware of any relevant audit information and to establish that the company's ststutory auditors are aware of that information. ststutory Auditors The Auditors, Crowe Ireland, have indicated their willingness to continue in office in accordan with the provisbons of section 485A {7) of the Companies Act 2006. This report was approved by the board and signed on its behalt. 1¥ Director John Gallagher Dire John Lennon Date..
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Saint John of God Foundation (A company Ilmited by guarantee, not having a shara capital) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SAINTJOHN OF GOD FOUNDATION REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS Opinion We have audited the financial ststements of Saint John of God Foundation (the 'Company') for the year ended 31 December 2023, which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Changes in Funds, the Statement of Cash Flows and the related notes to the financial statements, including a summary of significant accounting policies set out in note 3. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Statement of Recommended Practice "Accounting and Reporting by Charities" second edition effective 1 January 2019. In our opinion, the accompanying financial statements.. give a true and fair view of the assets, liabilities and financial position of the Company as at 31 December 2023 and of its net movement in funds for the year then ended., have been properly prepared in accordance with Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" and have been properly prepared in accordance with the requirements of the Companies Act 2006 and Charities Act (Northern Ireland) 2008. Basls for Oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit of the financial statements sects'on of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of financial statements in UK, including the FRC'S Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 17 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclu8lon8 Relatlng to Golng Concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concem for a period of at least trrfelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other Inforniatlon The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors, Report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent othetwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otheiSe appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misststement of this other information, we are required to report that fact. We have nothing to report in this regard.
Salnt John of God Foundation (A company limited by guarantee, not having a sharn capital) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE SAINT JOHN OF GOD FOUNDATION (continued) Opinion on the Other Matters Prescribed by the Companies Act 2006 Based solely on the work undertaken in the course of the audit, we report that: in our opinion, the information given in the Trustees. Annual Report is consistent with the financial statements,. and in our opinion, the Trustees, Annual Report has been prepared in accordance with applicable legal requirements. We have obtained all the infomation and explanations which we consider necessary for the purposes of our audit. In our opinion the accounting records of the Company were sufficient to permit the financial statements to be readily and properly audited, and the financial statements are in agreement with the accounting records. Matters on Which We Are Requlred to Report by Exception Based on the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report. We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities (Accounts and Reports) Regulations {Northem Ireland) 2015 requires us to report to you if, in our opinion.. adequate accounting e0rdS have not been kept. or the financial statements are not in agreement with the accounting records and retums-, or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit; or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantsge of the small companies, exemption in preparing the Trustees, Annual Report. Respective Responsibilitles ResponsÉbilities of Trustees for the Flnancial Statements As explained more fully in the Statement of Trustees, Responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Company's ability to continue as a going COnrn, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Auditors. Responsibilities for the Audit of the Financial Statements INe have been appointed as auditor under section 65(2) of the Charities Act (Northern Ireland) 2008 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Audito¢s Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misststements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Saint John of God Foundatlon
(A company limited by guarantee, not having a share capital
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE SAINTJOHN OF GOD FOUNDATION
Icontinued)
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and
assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud
or error, and discussed these beeen our audit team members. We then designed and performed audit
procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a
basis for our opinion.
We obtained an understanding of the legal and regulatory frameworks within which the charity operates,
focusing on those laws and regulations that have a direct effect on the determination of material amounts and
disclosures in the financial statements. We assessed the required compliance with these laws and regulations
as part of our audit procedures on the related financial statement items. In addition, we considered provisions
of other laws and regulations that do not have a direct effect on the financial statements but compliance with
which might be fundamental to the charity's ability to operate or to avoid a material penalty. We also considered
the opportunities and incentives that may exist within the charity for fraud.
Auditing standards limit the required audit procedures to identify non-compliance with these laws and
regulations to enquiry of the Trustees and other management and inspection of regulatory and legal
correspondence, if any. We identified the greatest risk of material impact on the financial statements from
irregularities, including fraud, to be within the timing and completeness of income and the override of controls
by management. Our audit procedures to respond to these risks included enquiries of management and the
Income, Finance, Risk and Audit Committee about their own identification and assessment of the risks of
irregularities, testing of a sample of transactions against the terms of any agreements and the requirement of
the Charities SORP IFRS102), sample testing on the posting of journals, reviewing accounting estimates for
biases and reading minutes of meetings of those charged with governance.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed our
audit in accordance with auditing standards. In addition, as with any audit, there remained a higher risk of non-
detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or
the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected
to detect non-compliance with all laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at..
Saint John of God Foundation (A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE) Flnancial Year Ended 31 December 2023 Unrestricted Restricted funds funds Total funds Total funds 2023 2022 Note Income from Donations and legacies 522,111 4,257 526,368 537,835 Expendlture on Charitable activities Raising funds (320,063) (110,414} (320,063) (110,414) (441,206) Net movement In funds 91,634 4,257 95,891 96,629 Reconciliation of funds: Total funds brought fOard Transfers beeen funds 14 332,430 9,356 341,786 245,157 Total funds carried fomard 424,064 13,613 437,677 341,786 There are no other recognised gains or losses other than those listed above in the net income for the financial years presented. All income and expenditure are derived from continuing activities. The notes on pages 15 to 24 form part of these financial statements.
Salnt John of God Foundation (A company limited by guarantee, not having a share capltal) BALANCE SHEET As at 31 December 2023 2023 2022 Note Current assets Debtors.. Amounts falling due within one year Cash at bank and in hand 413,405 38,444 503,521 9,538 451,849 513,059 Creditors.. Amounts falling due within one year 10 (14,172) (171,273) Net assets 437,677 341,786 The funds of the charlty Restricted funds Unrestricted funds 14 14 13,613 424,064 9,356 332,430 Total funds 437,677 341,786 The financial statements were approved and authorised for issue by the board on 27 August 2024 On behalf of the Board of Trustees.. Trustee John Gallagh Trust John Lennon The notes on pages 15 to 24 form part of these financial statements. 12
Saint John of God Foundation (A company limited by guarantee, not having a share capital STATEMENT OF CHANGES IN FUNDS Flnancial Year Ended 31 December 2023 Unrestricted reserves Restricted reserves Total At 1 January 2022 Net movement in funds for the year At 31 December 2022 235,801 96,629 332,430 9,356 245,157 96,629 9,356 341,786 At 1 January 2023 Net movement in funds for the year At 31 December 2023 332,430 91,634 9,356 4,257 13,613 341,786 95,891 437,677 424,064 The notes on pages 15 to 24 form part of these financial statements. 13
Saint John of God Foundation (A company limited by guarantee, not havlng a share capital) STATEMENT OF CASH FLOWS Financial Year Ended 31 December 2023 Note Total to year Totsl to year 2023 2022 Cash flows from operating activlties: Net inflow l (outflow from operating activities 13 28,906 (24,063) Cash flows from investing activities Cash flows from financing activities Net increase l (decrease) in cash and cash equivalents (28,908) (24,063) Change In cash and ca8h equlvalents In the reportlng perlod Cash and cash equivalents at the beginning of the reporting period Changes in cash and cash equivalents Cash and cash equivalents at the end of the reporting period 9,538 28,906 38,444 33,601 {24,063) 9,538 The notes on pages 15 to 24 form part of these financial statements. 14
Saint John of God Foundation (A company limited by guarantee, not having a share capital NOTES TO THE FINANCIAL STATEMENTS General infomiation These financial statements comprising the Statement of Financial Activities, the Balance Sheet, the Statement of Changes in Funds, the Statement of Cash Flows and the related notes to the financial statements including a summary of the significant accounting policies constitute the indtvidual financial statements of Saint John of Gods Foundation for the year ended 31 Dember 2023. Saint John of Gods Foundation is a company limited by guarantee, not having a share capital, incorporated in the Northern Ireland under company number Nl 20856 and is a registered charity under number XR 43047. The registered office is Arthur House, 41 Arthur Street, Belfast, Co Antrim, BT1 4GB. The company's principal activity is to raise funds for the Order. Basis of preparation of financial statements and statement of compllance The financial statements have been prepared with reference to Accounting and Reporting by Charities.. statement of Recommended Practice applicable to Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {"FRS 102"), Charities SORP (FRS 102), the Charities Act (Northern Ireland) 2008 and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements in confomity with FRS 102 and Charities SORP {FRS 102) requires the use of certain key assumptions conceming the future, and other key sources of estimation uncertainty at the reporting date. It also requires the trustees to exercise its judgement in the process of applying the company's accounting policies. The areas involving a higher degree of judgement or areas where assumptions and estimates have a significant risk ofcausing a material adjustmentto the carrying amounts of assets and liabilities within the next financial year are disclosed in note 4. 3 Accounting policies The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless othefwise stated. 3.1. Golng concern The financial statements are prepared on a going concern basis. 3.2. Foretgn currency translation Functional and presentation currency." The Company's functional and presentational currency is British Pounds (£GBP). Transactions and balances.. Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Financia5 Activities. 15
Saint John of God Foundation (A company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS (continued) Accounting policies (continued) 3.3. Income recognition Items of income (including gift-aid income) are recognised and included in the accounts when all of the following criteria are met.. the charity has entitlement to the funds., any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity., there is sufficient certainty that receipt of the income is considered probable,. and the amount can be measured reliably. For legacies, entitlement is taken as the earlier of.. the date on which the charity is aware that probate has been granted., the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made., or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probablewhen the amount can be measured reliably and the charity has been notified of the executorfs intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. 3.4. Donated servlces and facilities Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the giftto the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period of receipt. 3.5. Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity heading.. Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 3.6. Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and govefnance costs which support the charity programmes and activities. These costs have been allocated beeen cost of raising funds and expenditure on charitable activities. The support costs are set out in note 7. 16
Salnt John of God Foundatlon (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS (continued) Accounting pollcies Icontinued) 3.7. Employee benerts Vvhen employees have rendered Se1 to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that servi. 3.8. Pension costs The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payments obligations. The contributions are recognised as an expense in the Statement of Financial Activities when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds. 3.9. Corporation tax The company is a registered charity and therefore is not liable to corporation tax on income derived from its charitable activities. All of its income falls within the various exemptions available to registered charities. 3.10. Flnancial instruments The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like debtors and creditors and loans tolfrom related parties. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective eviden of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Financial Activities. For financial assets measured at amortised cost, the impairment loss is measured as the difference beeen an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another paty that is able to sell the asset in its entirety to an unrelated third party. Financial liabilities are classified according to the substance of the contractual arrangements entered into. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as Current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Creditors are recognised initially at transaction pri and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled. 17
Saint John of God Foundation (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS (continued) 3 Accountlng policies (continued) 3.11. Debtors Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost usin9 the effective interest method, Sess any impairment. 3.12. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 3.13. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 3.14. Fund accounting Unrestricted funds are available to spend on activits'es thatfurtherany ofthe purposes ofthe company. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the company's work or for specific artistic projects being undertaken by the company. 4. Critical accounting judgements and estimation uncertainty In the application of the company's accounting policies, the directors are required to make judgments estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The directors consider the accounting estimates and assumptions below to be its critical accounting estimates and judgments". 4.1. Impalrnient of debtors The company makes an estimate of the recoverable value of trade and other debtors. Ihthen assessing the impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 10 for the net carrying amount of the debtors and associated impairment provision. 4.2. Going concern The Trustees have prepared budgets and cash flows forecasts for a period of at least hvelve months from the date of approval of the financial statements which demonstrate that there is no material uncertainty regarding the company's ability to meet its liabilities as they fall due, and to continue as a going concern. On this basis, the Trustees consider it appropriate to prepare the financial statements on a going concern basis. Accordingly, these financial statements do not include any adjustments to the carrying amounts and classification of assets and liabilities that may arise if the company was unable to continue as a going concem. The financial statements have been prepared on a going concern basis. 18
Saint John of God Foundation (A company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS (continued) 5 Income 2023 2022 Unrestricted Fundraising including Gift Aid Sundry income 522,111 537,830 522,111 537,835 Restricted Fundraising including Gift Aid 4,257 526,368 537,835 6 Expendlture 2023 2022 Expenditure on charitable actlvities Unrestricted Grants to Northem Ireland and SJOG Charities Support costs (see note 8) 240,322 79,741 378,510 62,696 320,063 441,206 Expenditure on raising funds Unrestricted Legal and profession81 fees 110,414 110,414 7 Support costs 2023 2022 Staff salaries Staff social security costs Staff pension costs Staff expenses Management and administration cost Marketing Audit and accountancy (governance costs) Bank charges General expenses 10,093 1,093 845 493 53,633 90 47,927 216 9,715 4,748 9,364 4,103 17 79,741 62,696 19
Saint John of God Foundation (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS (continued) 8 Staff costs 2023 2022 Wages and salaries Social security costs Pension costs 10,193 1,093 845 12,131 The average number of employees during the financial year was 1 (2022.. nil). (i) Trustees Trustees received no remuneration (2022.. £nil) or expenses (2022.. £nil) during the reporting period. There were no loans advanced to trustees during the year and no loans outstanding at 31 December 2023. (li) Key manag8m8nt personnel compensation Key management are defined as members of the Board of Trustees, who are not remunerated. The compensation paid or payable to key management personnel during the year was £nil (2022.. £nil). The company is run by the Board of Trustees in conjunction with senior management of a related company, Saint John of God Foundation, incorporated in the Republic of Ireland. 9 Debtors: Amount8 falllng due wlthln one year 2023 2022 Amounts due from related parties (see note 16) Accrued income Other debtors 350,222 63,043 140 434,342 68,966 213 413,405 503,521 10 Credltors: Amounts falllng due wlthln one year 2023 2022 Trade creditors Amounts due to related parties (see note 16) Taxation and social security Accruals 2,645 162,000 2,441 9,086 9,273 14,172 171,273 Amounts owed to related entities are unsecured, interest free, have no fixed dates of repayment and are repayable on demand. 11 Contingent Ilabilities, commltments or guarantees There were no contingent liabilities, commitments or guarantees at 31 December 2023. 20
Salnt John of God Foundation (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS (continued) 12 Company limlted by guarantee Saint John of God Foundation is a company limited by guarantee, not having share capital. Each member has agreed to contribute £1 in the event of a winding-up. 13 Note to the statement of cash flows 2023 2022 Net movement in funds Decrease l {Increase) in Debtors (Decrease) I Increase in Creditors 95,891 90,116 (157,101) 96,629 {282,364) 161,672 Net cash ouffiow from operating activities 28,906 (24.063) 14 The funds of the charity Opening Balance Closing Balance Income Expenditure Restricted funds Unrestricted funds 9,356 332,430 4,257 522,111 13,613 424,064 (430,477) Total funds 341,786 526,368 (430,477) 437,677 The balance on restricted funds at 31 December 2023 represents funds received during 2023 or in previous years for a number of projects which were still ongoing at the year*nd. The remaining funds on these projects is expected to be spent during 2024. 15 Controlling party The Trustees consider that SJOG Hospitaller Services Group is the controlling party of the company by virtue of Common members on the Board of Trustees. 16 Related party transactions The transactions entered into, and balances owed tolfrom related parties are as follows.. During the year, the company received management and support services totalling £132,000 (2022: £216,040) from Saint John of God ISJOG) Hospitaller Services Group. The amount owed to SJOG Hospitaller Services Group at the year end was £nil {2022'. £162,000). SJOG Hospitsller Services Group is a related paty by virtue of common members on the Board of Trustees. During the year, the company received management and support services totalling £53,476 (2022". £46,775) from Saint John of God Foundation. a charity registered in the Republic of Ireland. The amount owed by Saint John of God Foundation (ROI) at the year end was £350,222 (2022: £434,342). Saint John of God Foundation (ROI) is a related party by virtue of common members on the Board of TrusteeslBoard of Directors. There were no other transactions with related parties which would require disclosure under Section 33 of Financial Reporting Standard 102. 21
Saint John of God Foundation (A company limited by guarantee, not having a share capltal NOTES TO THE FINANCIAL STATEMENTS (continued) 17 Provlslons available to small entitie8 In common with many other organisations of our size and nature, we use our auditors to assist with the preparation of the financial statements. 18 Events after the balance sheet date There were no significant subsequent events that have taken place since the year end that would result in adjustment to 2023 financial information or inclusion of a note thereto. 19 Approval of flnanclal statements The financial statements were approved by the Board of Trustees on 2Ph August 2024. 22