HOPE MAGHERAFELT Statement of Financial Activities For the year ended 316t December 2024 Unrestricted Restricted Income 2024 Funds 2023 Funds Note Income and Endowment from: Donations Charitable Activities Other Trading Activities Investments Material item of Income Other 25387 25387 73731 25779 100861 73731 Total 25387 73731 99118 126640 Expenditure on: Raising Funds Charitable Activities Other Trading Activities Other 2217 28425 3220 37476 5437 65901 10072 50984 6185 23542 29727 23344 Total 36827 64238 101065 84400 Net Income before Tax Tax Payable -11440 9493 -1947 42240 Net Income after Tax -11440 9493 -1947 42240 Extraordinary Items Transfers between Funds Net Movement in Funds -11440 9493 -1947 42240 Reconciliation of Funds Funds brought forward Total Funds 12622 1182 108811 118304 121433 119486 79193 121433 8of19 HOPE MAGHERAFELT Balance Sheet For the year ended 31st December 2024 Unrestricted Restricted Income 2024 Funds 2023 Funds Note Fixed Assets Intangible Assets Tangible Assets Leasehold Premises Investments Other 2320 91600 2320 91600 4867 103050 Total Fixed Assets 93920 93920 107917 Current Assets Stock Debtors Investments Cash at Bank and in Hand 1182 26437 27619 16814 Totsl Current Assets 1182 26437 27619 16814 Creditors: amounts falling due within one year 2053 2053 3298 Net Current Assets 1182 24384 25566 13516 Total Assets less Current Liabilities 1182 118304 119486 121433 Creditors: amount falling due after one year Totsl Net Assets 1182 118304 119486 121433 Funds of the Charity Restricted Income Funds Unrestricted Funds 118304 118304 1182 108811 12622 1182 Total Funds 1182 118304 119486 121433 9of19 HOPE MAGHERAFELT statement of Financial Activities For the year ended 318t December 2024 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: 15th May 2025 10of19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 31st December 2024 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 othewise stated in the relevant note{s} to these accounts. The accounts have been prepared in accordan￿ with: the Statement of Recommended Practi￿. 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 1st 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 of 19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 31st December 2024 Note 2 Income Analysis of income Unrestricted Restricted Income 2024 Funds 2023 Funds Donations and Legacies: Donations and gifts Gift Aid Membership subscriptions Other Total 25387 25387 25779 25387 25387 25779 Charitable activities- Grants Received Food Bank Building Other Totsl 47990 5653 10000 10088 73731 47990 5653 10000 10088 73731 49079 4393 45138 2251 100861 Other trading activities.. Cafe Other Total Income from Investments.. Interest income Rental and leasing income Other Total Separate material Income: Subscriptions and Room Hire Other Total Other: Other Total Total Income 25387 73731 99118 126640 12of19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 318t December 2024 Note 3 Expenditure Analysis of expenditure Unrestricted Restricted Income 2024 Funds 2023 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 763 1454 763 1749 2925 701 6214 295 2925 3157 2217 3220 5437 10072 Expenditure on charitable activities Wages and Salaries Donations and Gifts Specific Activities Costs Facilitatorslvolunteers Other Total expenditure on charitable activities 26931 26043 52974 39656 1277 217 10752 44 637 12029 261 637 10410 918 28425 37476 65901 50984 Expenditure on other trading activities Wages and Salaries Purchases for Trading Total expenditure on other trading activities Other Motor and Travel Expense Administration Expenses Other Expenses Depreciation Capital Purchases Totsl other expenditure 853 966 7369 14354 853 5399 9121 14354 1505 4921 2418 14500 4433 1752 6185 23542 29727 23344 Total Expenditure 36827 64238 101065 84400 13of19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 31$t December 2024 Note 4 Details of certain types of expenditure Note 4.1 Fees for examination of the accounts 2024 2023 Independent examinerfs fees 1200 1320 Note 5 Paid employees 5.1 Staff Costs 2024 2023 Salaries and wages Social security costs Pension costs Other employee benefits Total stsff costs 52072 36517 2604 535 902 52974 39656 No employees re￿iVed employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 5.2 Average head count in the year 2024 Number 2023 Number The parts of the charity in which the employees work Fundraising Charitable Activities Governance Other Totsl 14of19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 31st December 2024 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 1" January 2024 Additions Revaluations Disposals Transfers ' At the 315t December 202, 114714 14162 357 128876 357 114714 14519 129233 6.2 Depreciation and impairments At the 1" January 2024 Disposals Depreciation Impairment Transfers" At the 31°, December 202, 11664 9295 20959 11450 2904 14354 23114 12199 35313 6.3 Net book value Net book value 31112124 91600 2320 93920 Net book value 31112123 103050 4867 107917 6.4 Impairment 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 31st December 2024 Note 7 Creditors and accruals 7.1 Analysis of creditors Amounts falling due within one year Amounts falling due after more than one year 2024 2023 2024 2023 Building Fund Bank loans and overdrafts Trade creditors Payments received on account Accruals and deferred income Taxation and social security Other creditors Total 1200 853 1320 978 1000 3298 2053 7.2 Deferred Income Movement in deferred income account 2024 2023 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 2024 2023 Short term cash investments Short term deposits Cash at bank and on hand Other Total 27619 27619 16814 16814 16of19 HOPE MAGHERAFELT Notes to the Accounts For the year ended 31st December 2024 Note 9 Transactions with trustees and related parties 9.1 Trustee remuneration and benefits Name of trustee Amounts paid or benefit value 2024 2023 Salary Pension Other Total 9.2 Trustees, expenses 2024 2023 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 LNa)o¢o(ooooa) f£1 Ln v { ¢D O ￿ L(>0) ory) 000000000 000000000 OoOP￿r00 Cf) v O) o inin (Nr ooooocomo CQO)OCOOOLnfDO >¢J)0C￿O0￿LtsO LnocoNooLn I11- ov*0￿￿00 mG>CO￿ CQtr- I5￿