HOPE MAGHERAFELT Statement of Financial Activities For the year ended 31$t December 2023 Unrestricted Restricted Income 2023 Funds 2022 Funds Note Income and Endowment from: Donations Charitable Activities Other Trading Activities Investments Material item of Income Other 25779 25779 100861 25279 81181 100861 Totsl 25779 100861 126640 106460 Expenditure on: Raising Funds Charitable Activities Other Trading Activities Other 6915 11402 3157 39582 10072 50984 4434 72336 7245 16099 23344 11724 Totsl 25562 58838 84400 88494 Net Income before Tax Tax Payable 217 42023 42240 17966 Net Income after Tax 217 42023 42240 17966 Extraordinary Items Transfers between Funds Net Movement in Funds 217 42023 42240 17966 Reconciliation of Funds Funds brought fO￿ard Total Funds 12405 12622 66788 108811 79193 121433 61227 79193 8of19 HOPE MAGHERAFELT Balance Sheet For the year ended 318t December 2023 Unrestricted Restricted Income 2023 Funds 2022 Funds Note Fixed Assets Intangible Assets Tangible Assets Leasehold Premises Investments Other 4867 103050 4867 103050 7702 Total Fixed Assets 107917 107917 7702 Current Assets Stock Debtors Investments Cash at Bank and in Hand 13130 3684 16814 73064 Total Current Assets 13130 3684 16814 73064 Creditors: amounts falling due within one year 508 2790 3298 1574 Net Current Assets 12622 894 13516 71490 Total Assets less Current Liabilities 12622 108811 121433 79192 Creditors: amount falling due after one year Totsl Net Assets 12622 108811 121433 79192 Funds of the Charity Restricted Income Funds Unrestricted Funds 108811 108811 12622 66788 12405 12622 Total Funds 12622 108811 121433 79193 9of19 HOPE MAGHERAFELT ststement of Financial Activities For the year ended 31st December 2023 The Company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The members have not required the Company to obtsin an audit in accordance with s476 of the Companies Act 2006 The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. Signed by two Trustees on behalf of the Trustees Date.. 15" May 2024 10of19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 31¥t December 2023 Note 1 Basis of preparation 1.1 Basis of Accounting These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless othe￿iSe stated in the relevant note(s) to these accounts. The accounts have been prepared in accordan￿ with". the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 st January 2015). The charity constitutes a public benefit entity as defined by FRS 102. Assets and Liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). 1.2 Change of Accounting Policy The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note {1.1}. 1.3 Incoming Resources All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. 1.4 Resources Expended Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to expenditure. 1.5 New Premises We moved into new premises during the year which will allow all our projects to be under one roof and provide a better much needed service to the community. 11 of19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 31st December 2023 Note 2 Income Analysis of income Unrestricted Restricted Income 2023 Funds 2022 Funds Donations and Legacies: Donations and gifts Gift Aid Membership subscriptions Other Total 25779 25779 25279 25779 25779 25279 Charitable activities: Grants Received Food Bank Building Other Totsl 49079 4393 45138 2251 100861 49079 4393 45138 2251 100861 39429 9902 31850 81181 Other trading activities: Cafe Other Total Income from Investments: Interest income Rental and leasing incom Other Total Separate material Income: Subscriptions and Room Hire Other Total Other.. Other Total Total Income 25779 100861 126640 106460 12of19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 31st December 2023 Note 3 Expenditure Analysis of expenditure Unrestricted Restricted Income 2023 Funds 2022 Funds Expenditure on raising funds Incurred seeking donation Incurred seeking grants Rent and Insurance Light, Heat and Power Repairs Tables and Chairs Total expenditure on raising funds 701 6214 701 6214 680 2512 1242 3157 3157 6915 3157 10072 4434 Expenditure on charitable activities Wages and Salaries Donations and Gifts Specific Activities Costs Facilitatorsivolunteers Other Total expenditure on charitable activities 9174 30482 39656 34754 1745 483 8665 435 10410 918 37311 271 11402 39582 50984 72336 Expenditure on other trading activities Wages and Salaries Purchases for Trading Totsl expenditure on other trading activities Other Motor and Travel Expense Administration Expenses Other Expenses Depreciation Capital Purchases Total other expenditure 1160 4403 1682 345 518 736 14500 1505 4921 2418 14500 1368 5323 2198 2835 7245 16099 23344 11724 Totsl Expenditure 25562 58838 84400 88494 13of19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 31¥t December 2023 Note 4 Details of certain types of expenditure Note 4.1 Fees for examination of the accounts 2023 2022 Independent examiner's fees 1320 1250 Note 5 Paid employees 5.1 Stsff Costs 2023 2022 Salaries and wages Social security costs Pension costs Other employee benefits Totsl staff costs 36517 2604 535 32087 2347 320 39656 34754 No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60.000 5.2 Average head count in the year 2023 Number 2022 Number The parts of the charity in which the employees work Fundraising Charitable Activities Governance Other Total 14of19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 3181 December 2023 Note 6 Tangible fixed assets 6.1 Cost or valuation Freehold Leasehold Land and Land and Buildings Buildings Motor Fixtures Vehicle Fittings and Equipment Total At the 1st January 2023 Additions Revaluations Disposals Transfers . At the 31 st December 202: 14162 14162 114714 114714 114714 14162 128876 6.2 Depreciation and impairments 10% SL At the 1st January 2023 Disposals Depreciation Impairment Transfers, At the 315t December 202: 6459 6459 11664 2835 14499 11664 9294 20958 6.3 Net book value Net book value 31112123 103050 4868 107918 Net book value 31112122 7703 7703 6.4 Impainnent NIA 6.5 Revaluation NIA 6.6 Other Disclosures (l) Borrowing Costs (li) Contractual Commitments (iii) Assets are owned out right and have no pledged security. NIA NIA NIA 15of19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 318¢ December 2023 Note 7 Creditors and accruals 7.1 Analysis of creditors Amounts falling due within one year Amounts falling due after more than one year 203 2022 2023 2022 Building Fund Bank loans and overdrafts Trade creditors Payments received on account Accruals and deferred income Taxation and social security Other creditors Total 1320 978 1000 3298 1250 324 1574 7.2 Deferred Income Movement in deferred income account 2023 2021 Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period Note 8 Cash at Bank and in Hand 2023 2022 Short term cash investments Short term deposits Cash at bank and on hand Other Total 16814 16814 73064 73064 16of19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 31st December 2023 Note 9 Transactions with trustees and related parties 9.1 Trustee remuneration and benefits Name of trustee Amounts paid or benefit value 2023 2022 Salary Pension Other Total 9.2 Trustees. expenses 2023 2022 No trustee expenses have been incurred. Type of expenses reimbursed Travel Subsistence Accommodation Telephone and Internet Total 9.3 Transaction{s) with related parties There have been no related party transactions in the reporting period. 17of19 OrTt0￿￿Oo (r)￿ (N 000000000 000000000 a)off)*￿￿)0 0)￿￿0¢£)￿￿o ¢J)r r in Orin CQU)r oocncororo -￿0¢￿{oC4S}cfj *oo¢o rocoo) taJOtooo>rNo Lts O) I￿￿o￿tr- L(> 1SF-