Inter-Ethnic Forum (Mid And East Antrim) Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2023 Note Ineome and End0.entS from: Donations and legacies Charitable activities 89.062 4.994 59,805 148,867 4,994 Total income 94,056 59,805 153,861 Expenditure on: Charitable activities (79,394 (59,805) (139,199) Tot21 expendituTe (79.394} (59,805) (139,199) Nd income 14,662 14,662 Net movement in funds 14.662 14,662 Reconciliation of funds Total ndS brought fonvard Total fiLnds carried forward 76,336 76,336 15 90,998 Unrestricted funds 90,998 Total 2022 Restricted funds Note Income and EndoiTrinents from: Donations and IcLJacics Charitable actiwities Investment ITiLome 76.988 2,606 24 73,689 150,677 2,606 24 Total income 79,618 73,689 153,307 Expenditure on: Charitable activities (74,124} {73,689) (147,813) Total expenditure (74,124} (73,689) (147,813) Net income 5,494 5,494 Net rnovement in funds 5,494 5,494 Reconciliation of funds Total fimds brought fonvard 70,842 70,842 Total funds carried fonvard 15 76,336 76,336 All of the charitys activities derive from continuing operations during the above two periods. The ndS breakdown for 2022 is showm in note 15. The notes on pages 9 to 16 fonn an integral part of these fmancial statements. Page 7
Inter-Ethnic Forum (Mid And East Antrim) (Registration number: N1067175) Balance Sheet as at 31 March 2023 2023 2022 Note Fixed asset5 Tangible assets 695 925 Current assets Debtors Cash at bank and in hand 12 33.157 58,767 25,510 51,475 13 91,924 76,985 Creditor5". Amounts falling due Trithin one year 14 (1,621) (1.574) Net current assets 90,303 75,411 Net a55ets 90,998 76,336 Funds of the Charity: Unrestricted income funds UnrestTlCted thnds 90,998 76,336 Total funds 15 90,998 76,336 For the financial year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities- The membeTS have not required the charity to obtain an audit of its accounts for the year in question in acLordance with section 476" and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages 7 to 16 were approved by the trustees. and authorised for issue on 17 October 2023 and signed on their behalf by: AlastaiT Donaghy Truslee The notes on pages 9 to 16 fonn an integral part of these fmancial statements. Page 8
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2023 I Charity status Thc ¢harity is limitLMI by guarant¢c, In¢orFx)ratal in Northcm Ir¢lan(L and conscqucntly does not havc sharc capital. EaLh of the trustees is liable to contribute an amount not exceeding £1 toward.s the assets of the charity in the evenl of liquidation. The address of its registereAI office is: 20 William Sir¢¢t Ball)ryncna Co Antrim BT42 IED These financial statements were authorised for issue by the trustees on 17 October 2023. 2 Accounting policies Summary of significant accounting policies and kei accounting estimates 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 presente unless otherwise stated. Statement of compliance The financial statements have ken prepared in accordance with Accounting and Reporting by Charities: Stalement of Recoinmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective l January 2015) (chariti SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act (Northern Ireland) 2008. Basis of preparatio InteT-EthniL Forum (Mid And East Antrim) meets the definiti(m of a public irnefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going Concern The financial staten]cnts have been prepared on a going concern basis. The dirc¢tors have asscssed a period of 12 rnonths froni the date of approNing the financial statements ryth regard to the appropriateness of the going concern assumption in preparing the financial statements. The directors note the positive trading and Lashflow position at the date of sign off of the financial statemeT]ts and believe that the chaTity will continue as a going concern and be able to realise its assels and discharge its liabiliti&% in the nornial course of business. Income and endowments All income is recognised once the charity has entitletnent to the iv]covne, it is probable that the incovne will be received dnd the atnount of the income receivable can measured reliably. Page 9
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2023 Donations and legacies Donations are r¢¢ognis¢d wh¢n Ih¢ Charity has Ix¢n notified in lling of both th¢ amount and s¢ttlcin¢nt dat¢. In th¢ ¢v¢nt that a donation is subj¢ct lo ¢onditions that r¢quir¢ a I¢¢1 of p¢rfornian¢¢ by thc charity bcfor¢ thc charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the lfilment of those conditions is H'holly within ihe conlrol of the charily and it is probable Ihai Ihese conditions wiii b¢ fulfilled in the reporling p¢riod. Grants receivable Grants are recognis¢d wh¢n the charity has an ¢ntitlem¢ni to the fimds and any Conditions linked to th¢ grants hav¢ b¢cn m¢t. Wh¢r¢ p¢rfonnanc¢ conditions arc attachcd to th¢ grant and arc ycl to b¢ mct. th¢ in¢om¢ is rccogniscd as a liability and includtxl on th¢ balan¢¢ shcct as dcf¢rr¢d incom¢ to k rclcascd. Expenditure All expenditure is recognised once there is a legal or con8tructiTr'e obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allated to the applicable expenditure h¢ading that aggregai¢ similar Costs to that caiegory. Wher¢ costs cannot b¢ directly attribut¢d to particular hcadings thcy hav¢ bccn allocalcd on a basis consistcnt with th¢ usc of Tcsourc¢s, with ccntral staff costs allocatcd on thc basis of timc spcnt, and d¢pr¢ciation chargcs allocat¢d on th¢ portion of th¢ ass¢t's usc. OthLY SUPPOrt costs arc allocatcd bascd on thc sprcad of staff costs. Charitable aetivilies Charitable expenditure comprises those costs incurred by the charitv in the delivery of its activities and services for ils beneficiaries. It includes boih costs thai can be allocated directly to such activities and those costs of an indir nature necessary to support then]. Taxation The charity is considered to pass the tests set out in Parawh I Schedule 6 of the Finance Act 2010 and therefoTe it meets the definition of a charitable company for UK corporation tax pury)oses. Accordingly, the charity is potentially exempt from laxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impainnent losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuati, less any estimated residual 'alUe, over their expected useful econotnic life as follows- Asset class Furniture and equipment Depreciation method 2nd rate 25 /0 reducing balance basis Page 10
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2023 Trade debtors Trad¢ debtors ar¢ amounts due from custom¢rs for m¢rchandis¢ sold or services p¢rforn]¢d in th¢ ordinary course of busincss. Trade debiors are recognised initially al the transaction price. A provision for ihe impairn]enl of irade debiors is egt2blished when there is objeciive evidence that the charity will not be able lo collect all ainountq due according to the original lenns of the receivables. Cash and cash equivalents Cash and cash cquival¢nts comprisc cash on hand and call dcposits, and othcr short-tcnn highly liquid invcstmcnts that aTC Tcadily uonvcrtiblc to a known amount of Lash and arc subjcct to an insignificant risk of change in value. Fund structure UnrestTlCted income funds are general funds tbat are available for use at the trustees discretion in furtherance of the objectives of the charity. Rcstriclcd incomc funds arc Ihow donat¢d for usc in a particular ar or for spccific purposcs. thc usc of which is rcstrictcd to that arca or purposc. Pensions and other post retirement obligations The charity operates a defined contributi(M pension scheme which is a pension plan under which fixed conlribulions are paid into a pension fvnd and the charity has no legal or constructive obligation to pay fvriher contribulions cvcn if thc fiLnd d< not hold sufficicni asscts to pay all ¢mployc¢s thc bcncfits rclating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in ihe Statement of Financial Activities when they are due. If contributi(rn payments exceed the contribution due for service, the excess is recognised as a prepayment. 3 Income from donations and legaeies Unrestricted funds General Restricted funds Total funds Donations and legacies. Dunationb from community group5 Grant4 including capil(Il grants- Grants from other charities 1,400 1,400 89,062 58,405 147,467 Total for 2023 89.062 59,805 148,867 Total for 2022 76.988 73,689 150,677 Pagell
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2023 4 Income from charitable activities Unrestricted funds General Total funds Services and support 4,994 4,994 Total for 2023 4,994 4,994 Total for 2022 2,606 2,606 5 Investment income Unrestricted funds General Total funds Total for 2023 Total for 2022 24 24 6 Expenditure on charitable activities Unrestricted funds General Restricted funds Total funds Wages and salaries Rent, rates and insurance Lighi, heat and power Telephone and internet Computer costs Administration, postage and slationery Project and events expenditure Sundry expenses Cleaning Travel and subsistence Accountancy Translation expenses Bank charges Depreciation of plant and machinery 54.488 3,913 1.517 2,145 521 2,140 7,888 19.770 900 74,258 4,813 1,517 2,145 521 2,140 16,229 141 8,341 355 2,591 1,416 1,720 328 231 355 2,591 1,416 32,514 328 231 30,794 Total for 2023 79.394 59,805 139,199 Total for 2022 74,124 73,689 147,813 Page 12
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2023 7 Net incomingloutgoing resources Nct in¢oming T¢souTccs for th¢ y¢ar in¢lud¢: 2023 2022 Depreciation of fixed assets 231 309 8 Trustees remuneration and ewenses No tStees, nor any persons connected with thenL have received any remuneration from the charity during the year. 9 Staff eosts The aggregate pa011 costs ivere as follows: 2023 2022 Staff costs during the year were: Wagcs and %alaTi¢s Social secuTlty cthstS Pension cosis 71,807 1,138 1,313 76,895 2,340 1,976 74,258 81,211 The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as 11 time equi.a1ents was as follows.. 2023 2022 Administration No employee received emoluments of more than £60.0(K) during the year. 10 Taxation The charity is a registered charity and is therefore exevnpt from taxation. Page 13
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2023 11 Tangible fixed assets Furnitsre and equipment Total Cost At l April 2022 2.401 2,401 At 31 March 2023 2,401 2,401 Depreciation At l April 2022 Charge foT the year ,475 231 1,475 231 At 31 March 2023 1,706 1,706 Net b(bok value At 31 March 2023 695 695 At 31 March 2022 926 926 12 Debtors 2023 2022 Trade debtors 33,157 25,510 13 Cash and cash equivalents 2023 2022 Cash at bank 58,767 51,475 14 Creditors: amounts falling due within one l'ear 2023 2022 AccTuals 1,621 1,574 Page 14
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2023 15 Funds Balance at I April 2022 Incolning resources Resource5 expended Balance at 31 March 2023 Unrestricted funds General General ndS 76.336 94.056 (79,394) 90,998 Restricted funds Mid and East Antrim CounLiI British Red Cross PHA 12.051 1.150 33,003 6.410 5.791 1,400 {12,051) (1,150) {33,OOJ) (6,410) (5,791) (1,400) Home Office Radius Housing Donations Total restricted funds 59,805 (59,805) Total funds 76,336 153.861 (139,199) 90,998 Balance at I April 2021 Incoming resources Resources expended Balance at 31 March 2022 Unrestricted funds General General funds 70.842 79.618 {74,124) 76,336 Restricted Mid and East Antrim Council British Rcd Cross NIHE PFL4 Home Office 14.947 5.000 4.813 32,855 16.074 {14,947) (5,000) (4,813) {32,855) (16,074) Total restricted funds 73.689 (73,689) Total funds 70,842 153.307 (147,813) 76,336 The following income is included within unrestricted general funds: The Executive Olyice £70.373 (£60,000- 2022) Mid and East Antrim Borough Council £13,699 (£11.999 - 2022) Northern Irelalld Housing Executive £4,990 (£4,9W - 2022) Page 15
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2023 16 Analysis of net assets between funds Unrestricted fund5 General Total funds at 31 March 2023 Restricted funds Tangible fixed assets Current assets Current liabilities 695 89.429 {1,621} 695 91,924 (1,621) 2,495 Total net assets 88.503 2,495 90,998 Unrestricted funds General Total funds at 31 March 2022 Restricted funds Tangibl¢ fix¢d assets Currcnt ass¢ts Currcnt liabilitics 925 57.953 (1.574} 925 76,985 (1.574) 19.032 Total net assets 57,304 19,032 Page 16