Company Reglstratlon Number: N1610562 ALLY Foyle Ltd Financial Statements and Trustee5' Report for the Perlod Ended 31 March 2023
ALLY Foyle Ltd Company limited by guarantee Contents Page Legal and Administralive Information Trustees, Report Independent Examiner's Report Statement of Financial AGtivities for the period ended 31 March 2023 Balance Sheet as at 31 March 2023 Notes to Ihe Accounts 9-13
ALLY Foyle Ltd Company limited by guarantee Legal and Administrative Inforrnation Status The organisation is a charitatle company limited by guarantee, incorporated in Northern Ireland on 5 January 2012 and is recognised as 8 charity by Revenue & Customs. The governing document is a Memorandum and Articles Of Association. Directors: Paula Martin Martin Mccartney ChaSrperson . Paula Martin Accountants . Fergus McAteer & Co. Charlered Accountants 31133 Clarendon Street Oerry BT48 7ER Main Banker5: First Trust Bank Meadowbank Slrand Road Derry Reglstered Offlce: 18 Balliniska Road Springtown Industrial Estate Derry BT48 ONA Inland Revenue Charity Reference Number . XR 85046 Company Number . N1610562 Charity Commission of Northern Ireland Number: NIC 102595 Page 1
ALLY Foyle Ltd Trustees, Annual Report for the Period Ended 31 March 2023 The Directors are pleased lo present their annual report togelher with the financial stalemenls of the Charity for the period ended 31 March 2023 which are also prepared to meet the requirements for a Directors, report and accounts for Companies Act purposes. The financial statements comply with the Charilies Act (Nl) 2022, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities. Stalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic Of Ireland IFRS102) {effeclive 1 January 2019.) The company is governed by a Memorandum and Articles Of Association dated 05101112. The company number is Nl 610562 and the regislerd office is 18 Balliniska Road, Springtown Industrial Estate. Derry. The company is a registered Northern Ireland charity - reference NIC 102595. Directors and trustees The directors of the charitable company Ilhe Charity) are the trustees for the purposes of Charity Law. The trustees during the period and at 31 March 2023 were as follows.. Paula Marlin Marlin Mccartney Chalrs report Nelworking and partnerships are a part of the success of Ally Foe and Ihe managemenl commiltee assists in helping develop projects that lake place. We continue lo meet nur aims and objectives by supporting and nemorking with voluntary & community member groups along with relevant statutory agencies. In ord6r to Ghallenge these issues, we continue lo slt on various commlttees working with older people. We have a yearly service level agreemenl wlth Ihe WHSCT, who continue to provlde funding towards Activ8 Ageing Programmes for our member groups. We are always sourcing funding to continue to provide programme5 and actlvltles for our older people lo take part in. Successful grant applications have been secured from.. WHSCT service level agreement.. £26,354 Arts Council Nl - £2,140 Halifax Foundation - £3,840 The finances and budgets are monilored by our co-ordinator and reported to the committee, our annual accounts are available for inspeclion. We would like to thank members of the Management Commillee who have supported our co-ordinator and also our member groups and funding bodies. Our purposes and activltles The purposes of the Charity is to prDvide active ageing programmes for older people in the Foe 8rea and to develop partnerships with appropriale networks and relevant agencies. This is done with the help of public fundinq and all activitles are funded from arants recèived. In shaping our objectives for Ihe year and planning our aclivilies, the directors have considered the Charity Commission's guidance on public benefit requirement (PBR1). We endeavour to encourage a wide range of people and organisalions to lake aévantage of our expertise and promote all within our community lo make use of our services. Page 2
ALLY Foyle Ltd Trustees. Annual Report for Ihe Period Ended 31 March 2023 Volunteers The Charily is very involved in the community and we rely on voluntary help. We are assisted by volunteers within each older people's group who help organise programmes within the individual clubs and groups Related Partles The organisation has close relationships with other groups in the Foyle area engaged in the provision of services to older people. Achlevements and perfomiance In addition to these mainslays of our annual programme we provide information to older people. offer training and consultation's and provide different resources such as feel safe leaflets. fire safety leaflets, falls prevention leaflets, gripper handles, medicine bottles, magnifiers, walking maps, informalion leaflet5, & hot drink rnugs. We network wth different groups and clubs 8nd offer advice and infomialion through email, social media and newsletters direclly posted out to older people. We continued to source and receive funding for individual packs which have been very suGcessful. Financial Review As outlined above all activities are funded by grants received. During the year income of £32,334 was received and total costs were £36,955. This left a deficit for the year of £4,621 which was funded from opening reserves of £30,127. The Charity was left with reserves of £25,506 at the year end. The Directors were pleased with the resuks for the year. The unrestricted reserves at the year-end were £2,246. Reserves pollcy and golng concern Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency costs. Due to the nature of Charity, no activities are started Of Costs incurred until funding is in place. The Directors consider that il is not neSSary lo have unrestricted reserves as funding is in place to meet all costs. The trustees have reviewed the circumstances of the Charity and consider that there is secured funding in place Ihat is adequate lo fund activities for the foreseeable future. The directors are of the view that the Charity is a going concern. We will continue to source funding for the nemork. Our service level agreement has been exlended until March 2024 to ensure our sustainability. Page 3
ALLY Foyle Ltd Trustees. Annual Report for the Period Ended 31 March 2023 Plans for future periods We plan lo continue to offer a variety of programmes and aclivities directly lo older people in their Glubs, groups, community cenlres and sheltered l assisted living accommod2tions. We will continue to source extra funding for the delivery of positive ageing programmes that we plan direGtly with older people. We will continue to source extra funding for the delivery of positive ageing prograrnmes that we plan directly with older people. Statement of tNstee6' responslbllltles The Charity Trustees (who are also the director5 of the ALLY FoOe Ltd for the purposes of company lawl are responsible for preparing a Trustees, Annual Report and financial statements in accordance th applicable law and United Kingdom Accounting Standards (United Kingdorn.Generally Accepted Accounting Practice). Company law requires the TrLtslees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charitable company and of the profit or loss of ihe company for that period. In preparing these the Trustees are required to-. select suitable accounting policies and apply them Consistently; -observe the methods and principles in the Chaflties SORP; make judgements that are reasonable and prudent., slate thether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the organisation will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial posilion of Ihe organisation. They are also responsible for safeguarding Ihe assets of the organisalion and hence for taking reasonable steps for the prevention and detection of fraud and olher irregularities. This report has been prepared in accordance with the special provisions for small Gompanies under part 15 of the Companies Act 2006. This report was approved by the Board on 11 October 2023 and signed on its behalf by Mrs Paula Martin Dlrector Page 4
ALLY Foyle Ltd Company limited by guarantee Independent Examinerfs report to the Charity Trustees of ALLY Foyle Ltd Period ended 31 March 2023 We report solely the the Charity Tru5tee5 on our examination of the accounts for the period ended 31 March 2023. To the fullesl extent pemitted by law, we do not accept or assume responsibility lo anyone other than ALLY Foe Ltd and its Trustees as a body for our work or for this report. As a practising member firm of Chartered Accountanls Ireland. we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie. Respective responsibilities of charity trustees and examiner As the Gharity trustees land also the directors of the company for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 and the Charities Act (Northem Ireland) 2008. Having satisfied ourselves that the charity is not subject to an audit under company law, and is eligible for independent examination, it is our responsibility to.. -examine the accounts undef section 65 of the Charities Act. -follow the procedures laid down in general directions given by the Charity Commission for Northern Ireland under section 65191{b) of Ihe Charities Act. -state whether particular matters have come to our attention. Basis of independent examiner's report We have examined your Charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65191{b) of the Charities Act. The examination included a review of the accounting records kept by the Charity and a comparison of the accounls presented witr those records. It also induded consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Charity Trustees concerning any such malters. Our role is to state whether any material matters have come to our attention giving us concern to believe.. 1. that accounting records were not kept as required by with section 386 of the Companies Act 2006 and section 63 of the Charities Act., 2. that the accounts do not accord with those accDunting records., 3. that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006, the Charities Act and with methods and principles of the Charities Slatement of Recommended Practise applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic Of Ireland. 4. that there is further information needed for a proper understsnding of the accounts to be reached. Independent examiner's statement We have completed our examination and have no concerns in respect of the matters11) to {4) above and, in connection with following the directions of the Charity Comrnission for Northern Ireland, we have found no matters thal require drawing to your altention. s McATE&61 CHAPTEHED cAteer & Co Chartered AcGountant5 31133 Clarendon Street Derry BT48 7ER 1 1 OCT 2023 ACCOUNTANTS 11 October 2023 Q)tysr.DE Page 5
ALLY Foyle Ltd Company limited by guarantee statement of Flnanclal Actlvltles (including income and expenditure account) for the Period Ended 31 March 2023 Unrestrfcted Restrlcted Funds Funds Totals 2023 Totals 2022 Notes Income Income from charitable actlvities 32,334 32,334 37,670 Total 32,334 37,670 Expenditure Charitable activities 36,955 36,955 35,804 Total 36,955 35,804 Net income 14,6211 {4,621) 1,866 Net movement in funds 14,6211 {4,621) 1,866 Reconciliation of funds Total funds brought forward at 1 February 2022 2.246 27,881 30,127 28,261 Total funds carried forward at 31 March 2023 2,246 23,260 25,506 30,127 The staternent of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities Page 6
ALLY Foyle Ltd Company limited by guarantee Balance Sheet as at 31 March 2023 Unrestrlcted Restrlcted Funds Funds Totals 2023 Totals 2022 Notes Flxed Assets Tangible Assets 1,214 1,214 1,518 Current Assets Cash at bank and in hand Total Current assets 2,246 2,246 23,126 23,126 25,372 29,581 29,581 Creditors.. amounts falling due within one year 11,0801 {1 ,080) 1972) Net current assets 2,246 22,046 24,292 28,609 Total a55ets less current liabilities 2,246 23,260 25,506 30,127 Creditors: amounts falling due after one year Net assets 2,246 23,260 25,506 30,127 The Funds of the Charity Funds 2,246 23,260 25,506 30,127 For the period ended 31 March 2023 the company was entitled lo exemplion from audit under section 477 of the Companies Act 2006 relating to small companies. Directors responsibilities.. The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476; The direclors acknowledge their responsibil1*eS for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions 3pt4icable to companies subject lo the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. Page 7
ALLY Foyle Ltd Company limited by guarantee These financial statements were approved by the Board of Directors and aulhorised for issue on 11 October 2023, and are signed on behalf of the Board by., Mrs Paula Martln Director Company Reglstratlon Number . N1610562 Page 8
ALLY Foyle Ltd Company limited by guarantee Notes to the financial statement5 Period Ended 31 March 2023 General Information The Charity is a private company limiled by guarantee, registered in Northem Ireland. The address of the regislered office is 18 8alliniska Road, Springlown Industrial Estate, Oery. Accounting policies Basis of preparatlon The financial slatemenls comply with the Charities Act INI) 2022, the Charities (Accounts and Reports) Regulations INI) 2015, Companies Act 2006, the Memorandum and Articles of Association. and Accounting and Reporting by Charities.. Statement of Recommended Practise applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021 (effective 1 January 2019.) ALLY Foyle Lld meets the definitson of a public benefil entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note{s) Turnover Turnover represents the lotal value of grants received and receivable during the year. Grants are recognised in the Profit and Loss account when the conditions for their reGeipl have been complied w7lh and there is reasonable assurance Ihat the grant will be received. Income from government and other grants. whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement lo the funds, any performance conditions attached to Ihe grants have been mel. il is probable that the income will be received and the amount can be measured reliably and is not defeed. Taxation During the Gurent year the company has only been involved in charitable activities in furtherance of ils charitable objects and is not liable to Income Tax or Corporation Tax. Tangible assets Tangible assets are initially recorded at cost, and are subsequently staled at cost less any accumulated depreciation and impairTnenl losses. Depreciation Depreciation is calculaled so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery 2010 reducing balance Flnanclal Instruments A financial asset or 2 financial liability is recognised only when the company becomes a party to the contractual provisions of the inslrument. Basic financial instruments are initially reGognised at the transaction price. unless the arrangement constitutes a financing transaction, where il is recognised al the present value of the future payments discounted at a markel rate of inlerest for a similar debt instrument. Page 9
ALLY Foyle Ltd Company limited by guarantee Notes to the financial statements (conlinued) Period Ended 31 March 2023 Limited by guarantee ALLY FoyEe Ltd is a registered charity limited by guarantee without a share capital. Charity Number.. XR85046 Charity Commission of Nl Number.. NIC 102595 Funds Unrestricted Revenue Funds - comprise those revenue funds which the management committee are free to use in accordance with the company objectives. Restricted Revenue Funds- comprise those revenue funds which have been given for particular purposes and projects. 5. Income Unrestrlcted Restrfcted Funds Funds Totals 2023 Totals 2022 Income from charitable activitiè5 WHSCT Halifax Foundation Arts Council Nl New Needs (Community Foundation) Dery City & Strabane Council Co Operation Ireland Acorn Fund 26.354 3,840 2,140 26,354 3,840 2,140 21,851 5,600 4,940 2,015 2.000 764 500 32,334 32,334 37.670 Income from other Iradin activities Other income Total 32,334 32,334 37,670 Page 10
ALLY Foyle Ltd Company limited by guarantee Note5 to the financial statements (continued) Period Ended 31 March 2023 Expendlture Unrestrlcted Restrlcted Funds Funds Totals 2023 Totals 2022 Expendlture on charltable actlvltles Wages and salaries Prograrnme cosls Rent Insurance Repairs and maintenance Printing, postage and stationery Publicity Telephone Travel expenses Accountancy fees Bank charges General expenses Depreciation of tangible assets Total 18.707 8,552 5.320 860 18,707 8,552 5,320 860 15,690 13,049 1,702 958 180 559 559 144 801 357 1.092 197 62 304 36,955 1,118 714 610 972 222 56 533 35,804 801 357 1.092 197 62 304 36,955 Staff costs The average number of persons employed by the company during the period, including the directors was 112022.. 1). No remuneration was paid and no expenses were reimbursed to the directors during the year. The key management personnel of the charity Gomprises of the Tnjstees and the Manager. The total benefits of the key management personnel was £18,707131 January 2022 - £15,690). Page11
ALLY Foyle Ltd Company limited by guarantee Note5 to the financial statements (conlinued) Period Ended 31 March 2023 Tangible assets Fixtures, rittings and equipment Total Cost At 1 February 2022 and 31 March 2023 2,687 2,687 Depreciation At 1 February 2022 Charge for the year 1,169 304 1,169 304 At 31 March 2023 1,473 1,473 Carrying amount At 31 March 2023 1,214 1,214 At 31 January 2022 1.518 1.518 Creditors: amounts falling due within one year 31103123 31101122 Accruals 1,080 972 1,080 972 10. Contlngent assets and liabilities ALLY Foyle Ltd has received grant assistance from govemment. public and other bodies. The payment of these grants is made subjecl to certain conditions being fulfilled. The directors consider these conditions will be satisfactorily fulfilled and the likelihood of having to repay any grant is remote. Page 12
ALLY Foyle Ltd Company limited by guarantee Notes to the financial statements (continued) Period Ended 31 March 2023 Analysis of charitable fund5 Analysis of movements in unrestricted fund8 Balance at IncomingResource5 Funds at 1 February 2022 Resources Expended Transfers 31 January 2023 General Fund 2,246 2,246 2,246 2,246 Name of unrestricted fund Description of the Fund General Funds Funds which the Charity is able to apply freely in pursuit of its own charitable objectives and related purposes. Analysis of movements in restricted funds 8alance at IncomlngResources Funds at 1 February 2022 Resource5 Expended Transfers 31 January 2023 Restricted Fund 27.881 32,334 (36,9551 23,260 27,881 32,334 (36,955) 23,260 Name of restricted fund Restricted Fund Description of the Fund Funds which the Charity applies for particular purposes and projects in pursuil of its charitable objectives. Analysis of net assets between funds General Restricted Fund Fund 1,214 23,126 {1,080) Total 1,214 25,372 {1,0801 Fixed Assets Cash al bank and in hand Creditors 2,246 Total 2,246 23,260 25,506 Page 13