CAST MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2023 Unrestricted Restricted Total Funds Funds Funds 2023 Total Funds 2022 Note Income from: Donations Charitable activities Other income 64,241 29,231 39 2,400 66,641 29231 39 62,281 18,895 1,363 Total income 93,511 2,400 95,911 82,539 Expenditure on: Charitable activities 516 (96,936) (3,292) (100228) (88,278) Total expenditure (96,936) (3,292) (100,228) (88,278) Net expenditure (3,425) (892) (4J17) (5,739) Tr2nsfers between funds 11 Net movement in funds (3,425) (892) (4J17) (5,739) Reconciliation of funds: Total funds brou(yht fonvard 37085 5,009 42?94 48,133 Total funds carried forward 33,960 4,117 38,077 42,394 The Statement of Financial Activities in¢lud¢s all gains and losses arising during the year. All income and expenditure derive from continuing activities. The notes on pages 11 to 21 form part of these financial statements. Page 8 CAST MINISTRIES BALANCE SHEET 31 MARCH 2023 2023 2022 Note Fixed ￿set$ Tanivible assets 13 26,561 30,260 Current assets Debtors Cash at bank and in hand 14 1,029 19,526 625 20,191 20,555 20,816 Creditors: amounts falling due within one year 15 (9,039) (8,682) Net current assets 11,516 12,134 Total assets less current liabilities 38,077 42,394 Net assets 38,077 42,394 Charity Funds Restricted Unrestricted 17 18 4,117 33,960 5,009 37,385 38,077 42,394 These financial statements were approved and signed by the member of the committee and authorised for issue on Lg. I. tsLJ¥ . and are sioned on their behalf by: Mr Thomas Carey Mrs Breda Dick Charity number: NICI 02651 Page 9 CAST MINISTRIES STATEMENT OF CASH FLOWS 31 MARCH 2023 2023 2022 Note Cash flow from operating activities Net cash flow from operating activities Cash flow from investing activities Payments to acquire tan(Tible fixed assets Net cash flow from investing activities 20 15,942 14,056 15,942 14,056 (16,607) (16,607) (23,486) (23,486) Net decre2se in cash and cash equivalents (665) (9,430) Cash and casb equivalents at l April 2022 Cash and Cash equivalents at 31 March 2023 20,191 29,621 19,526 20,191 Cash and cash equivalents consists of- Cash at bank and in hand 19,526 20,191 Casb aDd casb equivalents at 31 March 2023 19,526 20,191 Page 10 CAST MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 l. Summary of significant accounting policies (a) General inforniation and basis of preparation Cast Ministries is a charitable trust constituted under a trust deed dated 31" March 1999 which registered with The Charity Commission for Northern Ireland on 29 September 2016. The address of the principal office is given in the charity infonnation on page l of these financial statements and is recognised as a charity. The principal activity of the trust is the forniation and delivery of personal, social and faith development programmes for both fornial and informal education contexts. The aim of the trust work is to equip participants with the life skills necessary to cultivate personal and relational r¢sponsibility that will enable them to contribute to the well being of their community. The trust works actively to instigate and promote peace building and is infomied by an inclusive Christian ethos. The charitablc trust constitutes a public benefit entity as defined by FRS 102. Statement of compliance The financial statements have been prepared in accordance with applicable accounting standards, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R¢portino Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2008, Charities Act (Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and UK Generally Accepted Practice. The fInancial statements are prepared on a going concern basis under the historical cost convention. The charity is dependent on continuing donations and gifts and as a consequence the going Concern basis is also dependent on the continuing donations etc. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Funds The trust has two types of ￿ndS for which it is responsibl¢. A definition of these funds is as follows: Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of th¢ charity which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. Page 11 CAST MINISTRIES NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 l. Summary of significant accounting policies (continued) (c) Income recognition Incoming resources, including deferred incoming resources are included in the Statement of Financial Activities (SOFA) usino the accruals basis when receivable, with the exception of donations, legacies and bequests which are included in the fInancial statements when received. For donations to be Tecognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires 2 lev¢1 of perfomance before entitlement can be obtained then income is deferred unttl those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Income from oovernment and other grants are recognised at fair value when the charity has entitlement after any perfonnance conditions have been meL it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Revenue orants are credited to tncoming resources on the earlier date of when they are received or when they are receivable, unless they relate to a specifIed future period. Grants which contribute towards specific expenditure on fixed assets are credited to the Statement of Financial Activities in full upon receipt. Grants in respect of capital expenditure are treated as deferred income and are credited to the statement of financial activities over the estimated use￿1 life of the assets to which they relate. No amount is included in the financial statements for volunteer tim¢ in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. Where practicable, gifts in kind donated for distribution to th¢ beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure. Voluntary income is received by way of donations and gift are included in the SOFA when received. Investment income is interest earned through holding cash at bank. Interest income is recotrnised when receivable. Other income represents income that cannot be reported under the other analysis headings provided within the SOFA. Page 12 CAST MINISTRIES NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 Summary of significant accounting policies (continued) (d) Expenditure recognition All ¢xpenditure is accounted for on an accruals basis and has been ¢lassifi¢d under headings that a(F(vreoate all costs related to the category. Expenditure is recognised where there is a legal or constructive obliiyation to make payments to third parties, it is probable that the settlement will be required and the amount of the obli(yation can be measured reliably. It is categorised under Expenditure on charitable activities includes direct costs (for example salary costs and establishment) and allocation of support costs (for example governance costs) The charity is not registered for VAT, therefore expenditure is shown inclusive of VAT. (e) Support costs - alloc2tion Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs and governance costs. They arc incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitsble activities on a basis consistent with us¢ of the resources (see note 6)- Fund-raisino costs are those incurred in seeking voluntary contributions and do not include the costs of disseminatin(y infonnation in support of the charitable activities. (fj Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impainnent losses. Cost includes costs directly attributable to making the asset Capable of operating as intended. Depreciation is provided on all tanoible fixed assets, at rates calculated to write off the cosL less estimated residual value, of each asset on a systematic basis over its expected usefuK life as follows= Computer equipment Fixtures and Fittinivs 33 113 % straight line 33 113 % straight line Page 13 CAST MINISTRIES NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 l. Summary of significant aceounting policies {¢ontinued) (g) Impairnient Assets not measured at fair value are review¢d for any indication that the asset tnay be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asse( or the asset's cash generatinu unit, is estimated and compared to the canying amount. Where the canying amount exceeds its recoverable amount, an impainnent loss is recognised in profit or loss. (h) Provisions Provisions are re¢oonised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. (i) Employee benefits When employees have rendered service to the charity, short-temi employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. (i) Tax As a charity, the company benefIts from various exemptions afforded by tax leoislation. It is therefore not liable to CO￿OratIon tax on income or gains falling due within those exemptions. (k) Going concern The financial statements have been prepared on a goin(F concern basis as the trustees believe that no material uncertainties exist. The trustees have considered th¢ level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a goiniT concern. O) Judgements and key sources of estimation uncertainty The following judgements including those involving estimates hav¢ been made in the process of applyinu the above accountino policies that have had the most significant effect on the amounts reco.(mised in the financial statements and that have a significant risk of causing a material adjustment to the canying amounts of ass¢ts and liabilities within the next financial year- Depreciation method and asset useful lives Th¢ estimates and assumptions are reviewed on an ongoinfj basis considering the current and future market conditions. Page 14 CAST MINISTRIES NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 Don2tIODS Unrestricted Restricted Total Funds Unrestrict¢d Funds Funds 2023 Funds Restricted Total Funds Funds 2022 Ardbaryon St Annes, Cathedral Capstone Enkalon Corrie Trust Danske Bank New Evangelisation House of Vi¢-Ryn Other 23,000 850 1,000 23,000 850 1,000 600 600 I,000 251 1,000 251 250 250 2,400 2,400 208 5,000 55,222 208 5,000 55,222 39,141 39,141 64,241 2,400 66,641 62,281 62,281 Income from charitable activities Unrestricted Restricted Total Funds Unrestricted Funds Funds 2023 Funds Restricted Total Funds Funds 2022 Personal, social and faith development programmes 29,231 29,231 18,895 18,895 29,231 29,231 18,895 18,895 Other income UDrestricted Restricted Total Funds Unrestricted Funds Funds 2023 Funds Restricted Total Funds Funds 2022 Other 39 39 1,363 1,363 39 39 1,363 1,363 Expenditure on charitable activities Unrestricted Restricted Total Funds Unrestricted Funds Funds 2023 Funds Restricted Total Funds Funds 2022 Activity.. Personal, social and faith development 96,936 3292 100,228 85,313 2,965 88,278 96,936 3,292 100,228 85,313 2,965 88,278 Page 15 CAST MINISTRIES NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 Analysis of expenditure on charitable activities Personal, social and faith Basis of development allocation programmes Personal, social and faith Total development 2023 programmes Total 2022 Staff costs Establishment costs Production services Motor and travel expenses Resources Professional fees Depreciation Other Direct Direct Direct Direct Direct Direct Direct Direct 33,i54 6,974 7,197 3,351 2,837 1,019 3,292 7,404 33?54 6,974 7,197 3JS1 2,837 1,019 3,292 7,404 31,948 6,802 31,948 6,802 2,409 1,655 181 2,965 7,969 2,409 1,655 181 2,965 7,969 65,428 65,428 53,929 53,929 Support costs Governance Computer costs Depreciation Other Activity/time Per capita Floor area Per capita E,457 15,837 17,014 492 1,457 15,837 17,014 492 1,511 16,345 16,080 413 1,51 16,345 16,080 413 34,800 34,800 34,349 34,349 100,228 100228 88,278 88,278 Governance costs 2023 2022 Independent examiner's remuneration Bank interest and charges 1,056 401 1,044 467 1,457 1,511 Page 16 CAST MINISTRIES NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 Net expenditure for the year This is stated after charging: 2023 2022 Depreciation Independent examiner's remuneration: examination of the financial statements 20J06 19,045 1,056 1,044 Independent examiner's remuneration The independent examiner's remuneration amounts to an independent examiner's fee of £1,056 (2022: £1,044) and other services of £Nil (2022: £Nil). 10. Staff costs and employee benefits 2023 2022 Watres and salaries Pension costs 32,747 607 31,500 448 33?54 31,948 2023 2022 Allocated to." Charitable activity- Personal, social and faith development programmes 33 J54 31,948 33J54 31,948 Particulars of employees: The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows: 2023 No 2022 Number of administrative staff Number of management staff No employee received remuneration of more than £60,000 durin(T the year (2022 - Nil). Page 17 CAST MINISTRIES NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 11. Fund transfers £Nil was transf¢￿ed during the year (2022: £Nil) between the restricted and unrestricted funds. 12. Trustee remuneration & related party transactions The key management personnel are considered to be the trustees. None of the trustees received any remuneration or expenses during the year (2022.. £Nil). No trustee or other p¢rson related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2022: £Nil)- 13. Tangible fixed assets Fixture and Computer rittings equip Total COST At l April 2022 Additions Disposals At 31 March 2023 56,321 14,084 (9J62) 61,043 13,756 2,523 (1,117) 15,162 70,077 16,607 (10,479) 76205 Depreclation At l April 2022 Charge for the year On disposals At 31 March 2023 35273 15,690 (9?62) 41,601 4,544 4,616 (1,117) 8,043 39,817 20,306 (10,479) 49,644 Net book value At 31 March 2023 19,442 7,119 26,561 At 31 March 2022 21,048 9,212 30,260 14. Debtors 2023 2022 Other debtors 1,029 625 Page 18 CAST MINISTRIES NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 15. Creditors: amounts fallin(y due within one year 2023 2022 Other creditors Accruals PAYE and social security 7,798 1,050 191 7,644 1,038 9,039 8,682 16. Pensions The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. The contributions paid by the charity during the year amounted to £607 (2022 - £448). At the balance sheet date outstanding payments to the fund totalled £Nil (2022- £111). 17. Restricted funds Balance at l Apr 2022 Balance at 31 Mar 2023 Income Expenditure Transfers Restricted funds 5,009 2,400 (3,292) 4,117 Balance at l Apr2021 Balance at 31 Mar 2022 Income Expenditure Transfers Restricted funds 7,974 (2,965) 5,009 Restricted funds are to be used for spe¢ifIc pury)oses as laid down by the donor. Expenditure which meets these criteria is char(Fed to the fund, together with a fair allocation of overheads and support costs. 18. Unrestricted funds Balance at l Apr 2022 Balance at 31 Mar 2023 Income Expenditsre Transfers General Funds 37J85 93,Sll (96,936) 33,960 Page 19 CAST MINISTRIES NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 18. UDrestricted funds (cojjtinued) Balance at l Apr2021 Balance at 31 Mar 2022 Income Expenditure Transfers General Funds 40,159 82,539 (85,313) 37,385 Unrestricted funds are expendable at the discretion of the charity in furtherance of its objectives. In addition to expenditure which has now been expended. 19. Analysis of net assets between funds Tan