Inter-Ethnic Forum (Mid And East Antrim)
Statement of Financial Activities for the Year Ended 31 March 2024
ncluding Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestrieted
fund5
Restricted
funds
Total
2024
Note
Income and Endowments from:
Donations and legacies
Charitable activities
89.657
5,752
68.210
157.867
5,752
Total income
95.409
68,210
163,619
Expenditure on:
Charitable activities
91.146
68,210
159.35
Total expenditure
(91.1
(68,210)
(159,356)
Net income
4,263
4,263
Net movement in funds
4,263
4,263
Reconciliation of funds
Total funds brought forward
90.998
90,998
Total funds carrioj forward
14
95,261
Unrestricted
funds
95,261
Total
2023
Restrict
fund5
Note
Income alld Endowm¢ots 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 activitie5
(79.394)
(59,805
{139,199
Total expenditure
79.394
59,805
139,199
Net income
14.662
14,662
Net movement in funds
14,662
14,662
Recollciliation of funds
Total fvnds brought forward
76,336
76,336
Total funds carriol forward
14
90.998
90.998
All of the charitys activities derive from continuing operations during the above two period&
The funds breakdown for 2023 is shown in note 14.
The notes on pages 9 to 16 forni an intr￿￿1 part of these financial statements.
Page 7

Inter-Ethnic Fornm (Mid And East Antrim)
(Registration number: N1067175)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed as$ets
Tangible assets
io
521
695
Curr¢nt a&qets
Debtors
Cash at bank and in hand
li
12
60.040
42,457
33,157
58,767
102,497
91,924
Creditors: Amounts falling du¢ Nvithin one year
13
7,75
1.621
Iyet current assets
94,740
90,303
Net assets
95,261
90,998
Funds of the charity:
Unr¢stricted income funds
Unrestricted funds
95,261
90,998
Total fund5
14
95,261
90,998
For the financial year ending 31 March 2024 the charity w&s entitled to exetnption from audit unda section 477
of the Companies Act 2006 relating to small companie5.
Directors, responsibilitie5:
The member5 have not required the charity to obtsin an audit of its accounts for the year in question in
accordance with ￿lon 476; and
The directors acknowledge their rosponsibilities for complying with the requirements of the Act with respect
to accounting records and the preparatim of accounts.
The financial statements on pages 7 to 16 w￿e approved by the trustee4 and authorised for issue on 28
November 2024 and signed on their behalfby:
Dorothy Jones
Trustee
The notes on pages 9 to 16 fonn an inte￿1 part of these financial ststements.
Page 8

Inter-Ethni¢ Forum (Mid And East Antrim)
Notes to the Financial Statements for the Year Ended 31 March 2024
I Charity status
The charity is limituj by guarante4 incorporat&l in Northern Irelanl and consequently does not have share
capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity
in the event of liquidation.
The address of its register￿ office is:
20 William Street
Ballymena
Co Antrim
BT42 IED
These financial statements were authoriwj for issue by th¢t￿￿te¢S on 28 November 2024.
2 Accounting policies
Sllmn￿ry of signifiegnt aecounting policies 2nd key accounting estimates
The principal accountin8 policies applied in the preparatiLn of these financial statements are set out below.
These policies have been consistently applied to all the years presents￿ unless otherwise stated.
Stat¢ment of compliance
The financial statements have been preparaj in accordance with Accounting and Reporting by Chariti&s:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial R￿orting Standard applicable in the UK and R¢publi¢ of Ircland (FRS 102) (efftctive l January
2015) - (Charities SORP (FRS 102)), the Financial Reporting Stsndard appllcable in the UK and Republic of
Ireland (FRS 102). They also comply with the Compani£5 Act 2006 and Charities Act (Northern Ireland) 2008.
Basis of preparation
Inter-Ethnic Forum (Mid And East Antrim) meets the definition of a public benefit entity under FRS 102. Assets
and liabilitie5 are initially recognised at historiLzl cost or transaction value unless otherwise stated in the
relevant accounting policy notes.
Going concern
The financial statements have be￿ prepared on a going concern basis. The directors have &ss&ssed a period of
12 months from the date of approving the financial statements with regard to the appropriateness of the going
concern assumption in preparing the financial statements. The directors note the positive trading and cashflow
position at the date of sign off of the financial statements and believe that the Charity will continue as a going
¢on¢ern and be able to realise its assds and discharge its liabiliti&s in the norn]al course of business.
llleome elldowments
All income is recognised once the charity has entitlement to the incom< it is probable that the income will be
received and th¢ amount of the income r¢ceivabl¢ can be measured reliably.
Page 9

Inter-Ethnic Forum (Mid And East Antrim)
Notes to the Financial Statements for the Year Ended 31 March 2024
Donalions andlegaciey
Donations are recogni5ed when the charity has tttn notified in writing of the amount and settlement date.
In the event that a donation is subject to conditions that require a level of performance by the charity before the
charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully
tnet, or the fulfilment of thos¢ condition5 is wholly within the control of the charity and it is probabl¢ that th¢se
conditions will be ￿lfilled in the reporting periLNI.
Grants receivable
Grants are recognised when the charity has an entitlement to the fi]nds and any conditions linked to the grants
have ￿en met. Where performanLE conditions are attached to the grant and are yet to ￿ mel the income is
re¢ognised as a liability and included on the balance sheet as defrrred income to Ix released.
Expenditure
All expenditure is reco8nised once there is a legal or constructive obligation to that expenditur< At is probable
settlement is requir￿ and the amount can be measured reliably. All costs are all￿ated to the applicable
cxp¢iiditur¢ 11¢4dins that ag8lC8atc similar w5ts to that category. Whcrc costs ￿nn01 k dircctly attributcd to
particular heading5 they have been allocated on a basis Consistent with the use of resources, with central staff
costs allocated on the basis of time 5penl and depreciation charges all(Kated on the portim of the asset's use.
Oth¢[ support costs ar¢ allocatcd bascd on thc spf¢dd of staff costs.
Cliarilable activities
Charitable expenditure compris&8 those costs incurr￿1 by the charlty in the delivery of its activities and services
for its beneficiaries. It include5 both costs that Gqn be allwated directly to such activities and those costs of an
indirect nature necessary to support them.
Taxation
The charity is wnbid¢rLxl ￿ pass tlie tests sct out in Paragrapth I Schedule 6 of thc financc Ad 2010 and
therefore it meets the definition of a charitsble company for UK corporation tax purposes. Accordingly. the
charity is potentially exempt from taxation in respect of income or capital gains received within categories
covered by Chapter 3 Part I l of the Corpordtirn Tax Act 2010 or Section 256 of the Taxation of Chargcable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed &ssets are initially recorded at rt I￿S any subsequent accumulated depre¢iati(m and
subsequent accumulated impairnient10sses.
Depreciation and amortisgtion
Depreciati￿ is provided on tangible fixed assets so a5 to ￿lte off the Cost or valuatioL less any estimated
r&8iduai valu4 over their expected useful economi¢ life follows:
Asset class
Furniture and equipment
Depreeiation method gnd rate
250h reducing balance basi5
Page 10

Inter-Ethnic Forum (Mid And East Antrim)
Notes to the Financial Statements for tbe Year Ended 31 March 2024
Trade debtors
Trade debtors are amounts due from customers for merchandise sold (ff services performed in the ordinary
course of busine5S.
Trade debtors are recognised initially at the transaction price. A provision for the impairnient of trade debtors is
established when there is objective evidence that the charity will not be able to collect all amounts due
according to the original ternis of the receivables.
Cish and cash equivalents
Casli and cash ¢quAval¢AIts coAIipris¢ casli on Iiand ￿ld Gall d¢posits. ￿]d otlicr 5hort-trtm hishly liquxd
investments that are readily convertible to a known amount of cash and are subJ￿t to an insignificant risk of
change in value.
Fund structure
I InrÉqtricteA incnme fiinds are gener31 fiinds that gre g￿lIAble fnr iJ.4e At the thJ.qteEq diqcretinn in furtherance nf
the objectives of the charity.
Restricted income fvnds are those donated for use in a particular area cr for specific purpose5. the use of which
is restrlcted to that area IK purpo
Pensiotts *nd other post rètiremènt oblig*tiotts
The charity operate5 a defined Contributi￿ pension stheme which is a pension plan under which fixed
contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay ￿rther
contributions even if the fund not hold sufficient assets to pay all ¢mployees the benefits relating to
employe¢ service in the current and prior peri￿$.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are
due. If contribution payments exceed the contributiC￿ due for service, the excess is rccognised as a prepayment.
3 Income from donations and legacies
Unrestricted
funds
General
Restricted
fuDds
Total
funds
Donations and legacies;
Donations from individuals
Grants. including capitsl grants:
Grants from other charities
250
250
89.407
68.210
157,617
Total for 2024
89,657
68,210
157.867
Total for 2023
89,062
59.805
148,867
Page 11

Inter-EthDic Fornm (Mid And East Antrim)
Notes to the Financial Statements for the Year Ended 31 March 2024
4 Income from charitable activities
Unrestricted
funds
Gentrnl
Total
funds
Servic&5 and support
5.752
5.752
Total for 2024
5,752
5,752
Totsl for 2023
4,994
4,994
5 Expenditure on charitable activities
Unrestricted
funds
General
R¢strieted
funds
Tot41
funds
Wage5 and salari&s
Rent, rates and insurance
LighL heat and power
Telephone and internet
Computer costs
Administrati(￿, Frf)5ta8e and station
Project and events expenditure
Sundry expenses
Cleaning
Travel and sub5iStence
Accountancy
TranslatiC￿ expenses
Bank charges
Depreciation of plant and machinery
65.373
4.466
936
3.302
455
1,740
3,063
1,044
367
1624
1,458
5,827
317
174
22,647
300
88,020
4,766
936
3,302
455
1.740
17,930
1.044
367
2,624
1.458
36,223
317
174
14.867
30.396
Total for 2024
91,146
68,210
159,356
Total for 2023
79.394
59,805
139.199
6 Ne¢ incomingloutgoing resources
Net incoming resources for the year include:
2024
2023
Dq)reciati(m of fixed assets
174
231
7 Tr￿teeS remuneration and expenses
No tn￿tee4 any persons connected with have received any remunerati¢)n from the charity during the
Page 12

Inter-Ethnic Forum (Mid And East Antrim)
Notes to the Financial Statements for the Year Ended 31 March 2024
8 Staff costs
The ag￿egate payroll costs were as follows:
2024
2023
Staff eosts during the yevdr were:
Wage5 and salaric5
Social security costs
Pension costs
83,076
2,738
2.206
88,020
71,807
1,138
1,313
74,258
The monthly average number of persons (including senior management I leadership team) employed by the
charity during the year expressed as fvll time equivalents was as follows:
2024
2023
Administrati
No employee received emoluments of more than £60.000 during the year.
9 Taxation
The charity is a register￿ tharity and is therefore exempt fr(Kn taxation.
Page 13

Inter-Ethnic Forum (Mid And East Antrim)
Notes to the Financial Statements for the Year Ended 31 March 2024
10 Tangible fix¢d assets
Furnitiire 2nd
equipment
Total
Cost
At l April 2023
2,401
2,401
At 31 March 2024
2.401
2,401
Depreciation
At l April 2023
Charg¢ for the year
1.706
174
1,706
174
At 31 March 2024
1,880
1.880
Iyet book value
At 31 March 2024
521
521
At 31 March 2023
695
695
11 Debtors
2024
2023
Trade debtors
60,040
33.157
12 Cash and cash equivalents
2024
2023
Cash at bank
42.457
58,767
13 Creditors: amounts falling due within one yegr
2024
2023
Other taxation and social security
Accruals
6.0&1
1.693
1,621
7.757
1,621
Page 14

Inter-Ethnic Forum (Mid And East Antrim)
Notes to the Financial Statements for the Year Ended 31 March 2024
14 Funds
Ba12nce at I
April 2023
Ineoming
resources
Resources
expended
Bal8nce at 31
M8rch 2024
Unrestricted funds
General
General fjjnds
90,998
95,409
(91.146)
95,261
Rcstrictcd fuudJ
Mid and East Antrim Council
British Red Cross
PHA
Halifax
HuiIir o£fice
10.002
5,500
38,412
4,000
4,557
5,739
(10,002)
(5,500)
(38,412)
(4.000)
(4,557)
5,739
Radius Housing
TotZ41 restricted funds
68,210
(68,210
Total funds
90,998
163,619
159,35
95.261
Bglanee at I
April 2022
Incoming
resources
Resource5
expended
Balance at 31
March 2023
Unrestricted funds
General
General funds
76,336
94,056
(79,394)
90,998
Restricted
Mid and East Antrim Council
British Red Cross
PHA
Home Office
Radius Housing
Donations
12.051
1,150
33,003
6.410
5,791
1,400
(11051)
(1,150)
(33,003)
(6,410)
(5,791)
(1,400
Total restricted funds
59.805
59.805
Total funds
76,336
153.861
139.199
90.998
The following income is Includ￿ within unre5trict&J general fLmds:
The Executive Office £70,441 (£70,373 - 2023)
Mid and East Antrim Boroush Council £13.972 (£13,699- 2023)
Northern Ireland Housing Executive £4,994 (£4.99)- 2023)
Page 15

Inter-Ethnic Fornm (Mid And East Antrim)
Notes to the Financial Statements for the Year Ended 31 March 2024
15 Anglysis of net assets between funds
Unrestricted
funds
General
Total fund5 at
31 March
2024
Restricted
funds
Tangible fixed as5&s
Current assets
Current liabilities
521
96,521
(7.75
521
102,497
(7.757)
95.261
5,976
Total net assets
Y.2¥5
5,976
Unrestricted
funds
General
Total funds at
31 March
2023
Restricted
funds
Tanglble flxed assets
Current assets
Current liabiliti
695
695
91,924
1,621
89,429
1,621
2.495
T()tal net assds
88.503
2,495
90.998
Page 16