Inter-Ethnic Forum (Mid And East Antrim) Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unr¢strieted funds Restricted funds Total 2025 Not¢ Income and Endojvments from: Donations and legacies Charitable activities 89.836 4,571 84.749 174.585 4.571 Total income 94,407 84.749 179,156 Expenditure on: Charitable activities 83,733 83,699 167.432 Total expenditure (83,733 (83.699) (167,432) Net income 10,674 11.724 Net movement in funds 10,674 1.050 11,724 Reconciliation of funds Total funds brought forward 95,261 95.261 Total funds carried forward 14 105.935 Unrestrieted funds 1.050 Restricted funds 106,985 Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities 89.657 5.752 68.210 157,867 5,752 Totsl income 95,409 68,210 163,619 Expenditure on: Charitable activities (91.146) 68,210 {159,356 Tcrtal expenditure 91.146 68,210 159,35 Net income 4,263 4,263 Net movement in funds 4,263 4.263 Reconciliation of funds Total ndS brought fonyard Total ndS carried forward 90,998 90.998 14 95.261 All of the charitys activities derive fr(Mn continuing operations during the above two peri(xi8. The funds breakdown for 2024 is shoNvD in note 14. The notcs on pages 8 to 15 forni an integral part of these financial statetnents. Page 6
Inter-Ethnic Fornm (Mid And East Antrim) (Registration number: N1067175) Brdlance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 10 1.455 521 Current Assets Debtors Cash at bank and in hand 48.202 68.393 60,040 48.433 12 116,595 108,473 Creditors.. Amounts falling due within one year 13 (11.065 (13,733 Net current assets I ns.570 94.740 Net 8ssets 106.985 95,261 Funds of the charity: Restricted income fund5 fuIids 14 1.050 Unrestricted income fund5 unrestrict fimds 105,935 95.261 Total funds 14 106985 95,261 For the financial year ending 31 Marth 2025 the charity was entitled to exemption from audit undtt section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The mtsmbtrs haves not rquir the charity to obtsin grt audit of its accounts for the year in question In accordance with section 476; and The directors acknowledge their re5ponsibilitie5 for complying with the requiremoits of the Act with respect to accounting records and the preparati(A) of accounts. Thc finan¢ial 3tat¢m¢nts on pascs 6 to 15 were approved by the truste84 and authorised for isgue on 19 August 2025 and signed on their behalf by: Dorothy Joneg Trustee The notes on pages 8 to 15 forn] an Inte part of these financial Statents. Page 7
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2025 I Charity statu5 The charity is limited by guarant< incorporated in Northern Irelan and consequently does not have share capital. Each of the trustees is liable to contril)ute an amount not exceeding £1 toward5 the a55ets of the charity in the event of liquidati. The address of its regi5teral office is: 20 William Street Ballymena Co Antrim BT42 IED These financial statements were authorisol for issue by the t on 19 August 2025. 2 Accounting policies Summary of significant accounting policies and key a¢¢ounting estimates The principal accounting policies applied in the preparatim of these financial statements are set out below. These policies have consistently applied to all the years pre5ente(L unless othuwi5e stated. statement of eomplign¢¢ The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to chariti&s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charitie5 SORP (FRS 102)), the Finan¢ial 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 preparation Intcr-Ethnxc r.orum (Mid And East Antrim) mccts thc dcfinition of a publiG bcncfit ¢ntity undry riis 102. A35cts and liabilities are initially recognised at hist(ffid cost LY transaction value unless otherwise stated in the relevant accounting policy notes. Going eoneern The financial qtAtements have been prepared on a gning cAcE1n bRSi& The directors have assessed a period of 12 month5 from the date of approving the financial statements with regard to the appropriateness of the going concern assumptirn in preparing the financial statements. The directors note the positive trading and cashflow position at the date of SI off of the financial statements and believe that the charity will continue as a going concern and be able to realise its assets and discharge its liabilitias in the normal course of business. Income and endowm¢nts All Income is recognised once the charity h&$ entitlement to the incorn4 it 15 probable that the income will be received and the amount of the income receivable can be me&sured reliably. Page 8
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2025 Donations and legaci Donations are re£o8nised when the charity has beth notified in writing of Ix)th the amount and settlement date. In the event that a donation is subject to conditions that Tequire a level of perforn]ance by the charlty before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully mel or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting pericd. Granls receivable Grants are recognised when the charity has an entitlement to the fund5 and any conditions linkal to the grants have been met. Where performan conditions are attach to the grant and are yet to b¢ meL the income is rcGQsnis as a li4bility and inrluded on thc balanrx shc¢t as dcfrucd ittcomc to bc r¢lca3d. V.ypÈnditurÉ All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributvj to parttcular headings they have been allLKated on a basis consistent with the use of resource4 with central staff Costs allocated on the basi5 of time spenL and depreciatilm chaTg&s allated on the portion of the asset's use. OtheT siipport fA)Sts are HI1(ated baqed nn the.%preAd nf qtaff costs. Cliarilable oclivities Charitable expenditure comprises those costs incurrd by the charity in the delivery of its activities and services for its beneficiaries. It includes E()th costs that can be allocated directly to such activitie5 and those costs of an indir¢ nature necessary to support them. Taxation The charity is considered to pa&s the tests set out in Paragrdph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporatiLX) tsx purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by c.hapter I Part I l of the e.nrpnrati(fft Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposas. Tangible fixed assets Individual fixed assets are initially recorded at C( less any subsequent accurnu1at depreciation and subsequent arxumulated impairnient10sSCS. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to lte off th¢ cost or valuati(m. less any estimated residual value, over their experted useful eaThniC lift as follows: A55et clH55 Furniture and equipment D¢pi"¢£iatioll method and rat¢ 250/0 reducing balance basis Page 9
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2025 Trade debtors Trade debtors are amounts due from customers for merchandise sold or servt¢es performed in the ordinary course of business. Trade debtors are recognised initially at the transacti pri A provision for the impairnient of trade debtor5 15 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 [e1Vable5. Cash and cash equivalents C¢i¥li wid La¥li ¥4uivaluii> cuiiprise casli hId and dcposits, and other short-temi highly liquid investments that are readily convertible to a known amount of c&th and are subject to an insignificant risk or change in value. Fund strntture Unrestrieted income fimds are general fimds that are available for use at the trustees discretion in furtherance of the objective5 of the charity. Restricted income funds are those donated fLY use in a particular area or for specific purposes. the use of which is restricted to that area or purpctse. Pensions 2nd otber post retirernent obligations The charity operates a defined Contributi( pension scheme which is a pension plan under whith fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further ontributions even if the fijnd does not hold sufficient assrfs to pay all ¢rnployeeB the benefits relating to employee service in the current and prior period5. Contributi¢Ms to defined c0ntrilxjti7 plans are recognised in the Statement of Financial Activities when they are due, If contributirx] payments exceed the Contributi( due serviLx the excess is recognised as a prepaymenL 3 Income from donations and legacies Unrestricted funds General Restricted fllnds Total fullds Donations and legacie5' Donations from individuals Grdnt4 including capitsl grants: Grants from other charities 370 370 89,466 84,749 174.215 Total for 2025 89,836 84,749 174.585 Total for 2024 89.657 68.210 157,867 Page 10
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for tbe Year Ended 31 March 2025 4 Income from charitable Activities Unr¢stricted funds General TotAI fund5 Services and support 4.571 4.571 Total for 2025 4.571 4,571 Totsl for 2024 5.752 5.752 5 Expenditure on charitable actiwities Unrestricted fund$ General Restricted funds Total fullds Wage5 and salaries Rent. rates and insurance Lighl heat and power Telephone and internet 'Computer costs Administrati, postage and ststionery Project and events expenditure Sundry expenses Cleaning Travel and subsisten Ac¢ountan¢y Translation expenses Bank charges Depreciation of plant and machinery 70,258 2,173 244 2.161 43 778 1,399 807 340 1,695 1.543 1,879 245 168 20,070 1500 800 800 90.328 4,673 1,044 2,961 43 1,278 19,974 807 500 18,575 340 1046 1.543 41,632 245 518 351 39,753 350 Total for 2025 83,733 83.699 167,432 Totgl for 2024 91,14V) b¥.210 159,356 6 Net incomingloutgoillg resources Net incoming roUrC for the year include: 2025 2024 Depreciation of fixed assets 518 174 7 Ttee5 remuneration and expen5e5 No uusiee4 nor any persons connected with have recelved any remUnerlon from th¢ rharity durin¥ th Page 11
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2025 8 Staff Costs The aggregate pa011 costs were as follows: 2025 2024 Staff costs during the year were: Wag&8 and salaries Social security Costs Pengion engts 85,685 3,058 1.585 83,076 2,738 2.206 90,328 88.020 The monthly average number of persons (including senior managemfflt I leadership team) employed by the charity during the year expresseJJ as full time equivalents w&$ as follows: 2025 2024 Administration No employee received emoluments of more than £60,000 during the year. 9 Taxation The Charity is a registered charity and is therefve exempt from taxati(. Page 12
Inter-Ethnic Forum (Mid And East Antrim) Notes to the Financial Statements for the Year Ended 31 March 2025 10 Tgngible fixed assets Furniture And equipment Total Cost At l April 2024 Additions 2.401 1,451 2,401 1.451 At 31 March 2025 3.852 3.852 Depreciation At l April 2024 Charge for the year 1,879 518 1,879 518 At 31 Marth 2025 2.397 2,397 Net book value At 31 Marth 2025 1.455 At 31 Marth 2024 522 522 11 Debtor5 2025 2024 Trade debtors Other debtors 46,955 1.247 60.040 48.202 60,040 12 Cgsh 4nd cash equivalents 2025 2024 Cash at bank 68,393 48,433 Bank overdrafts 5,976 Cash and cash equivalents in ststement of cash flows 68,393 42.457 13 Creditors: amounts falling due within one year 2025 2024 Bank Other taxation and Sla1 security A¢¢ruals 5.976 6.064 1.693 11,065 11.065 13,733 Page 13