Company Registration Number: N1618532 Charlty Number: N100132 Friends of VisPa {A Company Ilmlt&d by guarantee. not having a share capital) Annual Report and Unaudited Financial Statements for the financial year ended 31 May 2023
Friends of VisPa IA company limtted by guarantee. not having a Share ¢apttall CONTENTS Page Reference and Administrative Information Trustees, Annual Report Statement of Trustees. Responsibilities Independent Examinerfs Report statement of Financial Activities Balance Sheet Notes to Ihe Financial Statements 9-12
Friends of VisPa IA company limited by guarant¢*. not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Colin Haybum William McDowell Emma McAJlister {resigned 21-08-20231 Charity Number in Northern Ireland N100132 Company Registratlon Number N1618532 Reglstered Office and Principal Address 71 Parkfield Road Ahoghill Ballymena Co. Anlrim BT42 1LY Northem Ireland Independent Examlnèr MG accountants (Portadownl 25-27 Cadeton Street Portadown Co. Arm8gh BT62 3EP Northem Iland Principal Bankers B8nk of Ireland 1 Donegall Square Belfast Co. Anlrim BT15LR United lfjngdom
Friends of VisPa TRUSTEES. ANNUAL REPORT for the financial year ended 31 May 2023 The financial slatements are prepared in aC£oth[ wqth the Companies Ad 21th. FRS 102 Tr FawK4al Reportt Standanl applÉcatAe in the UK aThl RebI of Ireknrt ACC1MIg and Reporbn9 by Charfties.. Statement of Recommended Praclice apF4uble to thariies prewing trir finaniial 5taternents in a(x?ydan wilh the FanCial RePting Standard appfThble in the UK of Iland (FRS I). The Tnjslees. Report C¥ informth re4W¥Ed to be in the Tnth. Aimual Retth under the statement of Recommended PClIce (SORP) IdelIne% The trteeS of the u)nw8ny are a0 tharrty tnjstees >rthe and finantss for the fina}81 Ye 31 May 2023. The principal actmty of the clorfty is to prtrdth fin¥Kaal. and assistan to 0h8n8 and thildren in need in KÈstem Kenya thr thld swjnsorslip. shod buikling. ckn waeT aNI christi literature. rewirements of the Companies 21)A and. not obliged to t(¥n wth the Statern of Rec¥)mmended Pra¢tHx appli(zbk in UK and Rewbffic of Irel FRS 102. the rym5a11 has ts >3MMenda110ns where relevant in these financ4al statemerrt Financial Review Financial Results At Ihe end of Ihe fuwncial year the (artiy has assets of £69.598 12ff22 . £47.520) aKI Ilablllies of £1.320 12022 . £1,080). The net assets of the tharty have irMyease(I by £21.838. Trusle¢s Coln Haybum WIaM mCDell Ernma McAIUster {r¢slW 2141&2023) Compliance with sector.wide Legislation and StsndaYd& VisPa subsryibes to and is corn13t with flolj. The ComleS Ad 2C( The CheS SORP (FRS 1 Approved by the Boanl of TryBIE¢s on £14 . and signed on its behalfby: Colin Hayburn Dlrector
Friends of VisPa STATEMENT OF TRUSTEES. RESPONSIBILITIES for the finaiKial yw en(kd 31 May 2023 The tnjstees. 74tsJ are aso dKeclrws (rfFiieThJs ofVPa kn the FXNFose5 of comFwny IVK, ave Tewunsle for preparirvj Company Iw requires tt In as the thectm to prepwE statemeFts for eath finarKaal year. Under that law the IteeS have eleded to Ihe fmanrial stat1 in accTdarte with Unrted lfjrffJdom Generally Financial Rewrttry Standard appkaile in the UK aThl Repuwtcof FtelaThf Setkn 1A (Small Enlities}. Under crryany 3tandartls: 8ThJ 11 wtinue in orRtion. The InJ5lS a reSp1b{e for keeping ade(pate 0n11n9 fecords that suffK4ent to show arKJ Expl&n the them lo ensu that the fffWC3al slatemlS wth. Try a aso for Saferthng the assets of the Approved lry Ihe Board of Tte2$ on &IF and 8ity*d M Its behif trrf: £, Colin Haylyum Dire¢tor
Friends of VisPa IA company limited by guarantee, not having a share capltall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF FRIENDS OF VISPA We have examined the financial statements of the charity for the financi21 year ended 31 May 2023, which comprise the Statement of Financial Activities (incorporating an Income and Expendilure Acix)untl, the Balance Sheet and the related notes. This report is made solely to the charity's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so. and state those matters that we have agreed to stale lo them in Ihis report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members. as a body. for our work, or for this report. Respective responsibilities of trustees and examiner The charity's Iruslees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the financial statements in accordan with the requirements of the Companies Act 2006. The charity's Iruslees consider that an aLtdil is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. 11 is our responsibility lo.. examine the financial slalements under section 65 of the Charities Act.. follow the procedures laid down by the general Directions given by the Charity Commission for Northem Ireland under section 6519llbl of the Charities Act,. and slate whether particular matters have come to our attention. Basis of independent examiner's report We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Dirgctions given by the Charity Commission for Northern Ireland under section 65{9llbl of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those recordg. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the Iruslees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion 15 given as to whether the accounts preseril a 'lrue and fair. view and the report is limited to those matters s8t out in the slalement below. In connection with our examination. no matter has (xjme to our attents'on which gives us cause to believe that in, any material respect.. accounting records were not kept in accordance with section 386 of the Companies Act 2006 the financial slalements do not accord with those accounb'ng records the financial slalements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Stalemont of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 there is further information needed for a proper understanding of the accounts lo be reached. Independent examiner's statement We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial statements lo be rea¢hed. li I l eLLdoLbLtLkès MG 'CCOUNTANTS IPOR ADOWNI 25-27 Carteton Street Portadown Co. Armagh BT62 3EP Northem Ireland
Friends of VisPa IA company limited by guarant8•. not having a share ¢apitall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatlng an Income and Expenditure Account) for the financial year ended 31 May 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Unrestricted Reslricled Funds Funds Funds 2023 2022 2022 Total Funds 2022 Notes Income Donations and legacies Charitable activities Other income 26.600 57.766 1,080 169,153 195.753 57,766 1.080 14.500 28,957 1,680 139.974 154,474 28,957 1,680 Total income 85.446 169,153 254,599 45,137 139.974 185,111 Expenditure Charitable activlieS Other expenditure 30,532 2.551 199.678 230.210 2.551 152,135 152,135 2.002 2.002 Total Expenditure 33.083 199,678 232,761 2.002 152,135 154,137 Net incomel{expenditurel 52,363 130.5251 21.838 43,135 {12.1611 30.974 Transfers between funds 130.5251 30,525 {12,161) 12,161 Net movement In funds for the financial year 21,838 21,838 30,974 30.974 Reconclliation of funds: Total funds beginning of the year 46.440 15,466 15.466 Total funds at the end of the year 68,278 68,278 46,440 46,440 The Slalement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to contsnuing activities. The notes on pages 9 to 12 form part of the finanual statements
Friends of VisPa Company Number. N1818S32 BALANCE SHEET as at 31 May 2023 2023 Current Assets 10.761 Cash al bank and in hand 17,383 30.137 69,598 47,520 Creditor4". knounts falling due within one year 11.320) (1,080) T¢)lal Assets less CuTrent LS•Hiti05 Funds General fund (wrestrvAerf) Tolal fvnds within Part 15 of the Cornles Ad 21YX. Fur the firHTKaal year ended 31 )Aay 2023 tr (wity 7K5 enlJed to eXrOn from autht under secfion 4T1 of Ihe The trustees aCn¢xedge Iheir Kesponsibililies enswing that the thwity keeps a0n11ng recorrls 1} cofflpty with sedion 386 and for preparing financaat ststemerts whicti gvie a and fw'rview ofthe stale ofaffairs ofthe chwity as at the end ofts fironoal year and of its profft and ffff Ihe finartial year in atcordarnx hilh Ihe reqU1ments of stalen118. so far as applt(xble to the ¢hty. The finanaal statements have been prepargj in aC>[danCe whh tr [Kovis$ apkOble kn mpanieS subpLI to Ihe small companies. regime and in acc4)rdance with FRS 102 Tr Fmancial Rewling stId2rd applicable in the UK aThJ Rewblc of Irelan(r. apptying SedKJn 1A of Ihat standard. Approveil by the Boanl of Truslees and autt#)rlsed for Issu¢ on behaK by and $lgned on Its Colin Haybum DireetDr
Friends of VisPa {A company lirnited by guarantee, not having a shar• capitsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 May 2023 GENERAL INFORMATION Friends of VisPa is a company limited by guarantee incorporated in Northem Ireland. The registered office of the company is 71 Parkfield Road. Ahoghill. B211ymena. Co. Antrim. BT42 1 LY, Northern Ireland which is also the principal place of business of the company The financial statements have been presented in Pound (£1 which 15 also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistenY in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparatlon The financial slalements have been prepared on the going concem basis under the historical cost convention, modified to include certain items al fair value. The financial statements have been prepared in accordance wrth the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities preparing their accoLints in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As pemitted by the Companies Acl 2006, the charity has varied the standard fomiats in that act for the Slalemenl of Financial Activities and the Balance Sheet. Departures from the standard fomiats are lo comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of compliance The fi'nancial statements of the charity for the financial year 31 May 2023 have been prepared on the going concern basis and in accordance with the Slalement of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporttng Standard applicable in the UK and Republic of Ireland FRS 102. applying Section 1A of that Standard. Fund accounting The following are the categories of funds maintained.. Restricted funds Reslricled funds represent income received which can only be used for particular purposes. as specified by the donors. Such purposes are within the overall objectives of the charity. Income Income is recognised by inclusion in the Statement of Financial Actimtses only when the charity is legally enlilled lo the income, performance ¢ondilions attached to the itemlsl of income have beèn mel, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity. Expenditure Expenditure is analysed between costs of charitable activities and raising funds. The costs of each 8Ctivity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Debtors Debtors are recognised at Ihe amount outstanding towards project costs at the year end. Cash at bank and in hand Cash al bank and in hand comprises cash on dep11 at banks requiring sS than three months notice of withdrawal. Taxatlon No current or deferred taxation arises as the charity has been granted charitable exemption.
Friends of VisPa IA company limited by guarantt•, not having a Share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 May 2023 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 Don81ions 26.600 169,153 195,753 154.474 CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Grants from governments and other co4unders: Gift Aid Income for Tfavel Costs 32,975 24,791 32,975 24.791 23,507 5,450 57.766 57.766 28,957 OTHER INCOME Unrestricted Restricted Funds Funds 2023 2022 Other income 1.080 1,080 1,680 EXPENDITURE CHARITABLE ACTIVITIES Diréct Costs Other Costs Support Costs 2023 2022 Project Costs 230,210 230,210 152,135 OTHER EXPENDITURE Direct Costs Other Costs Support Costs 2023 2022 Administrative Expensès 2.551 2.551 2,002 SUPPORT COSTS Charitable Activities 2023 2022 Donations Travel Expenses 199,678 30,532 199,678 30,532 152,135 230,210 230,210 152,135 NET INCOME 2023 2022 Net Income is stated after chargingllcreditingl: Independent Examiner's remuneration- independent examination services 1,320 1,038 10
Friends of VisPa IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continLted for the financial year ended 31 May 2023 DEBTORS 2023 2022 other debtors 10,761 17,383 10,761 17,383 CREDITORS Amounts falllng due wlthin one yéar 2023 2022 Accruals and deferred income 1.320 1.080 RESERVES 2023 2022 At the beginning of the year Surplus for the financial year 46.440 21,838 15,466 30,974 Al the end of the year 68,278 46.440 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds Total Funds At 1 June 2021 Movement during the financial year 15,466 30.974 15,466 30,974 At 31 May 2022 Movement during the financial year 46,440 21,838 46.440 21,838 Al 31 May 2023 68.278 68,278 ANALYSIS OF MOVEMENTS ON FUNDS Balan¢¢ 1 June 2022 Income Expenditure Transfers between funds Balance 31 May 2023 Restricted Fun(Js 169.153 199.678 30,525 Unrestricted Funds 46,440 85,446 33.083 130,5251 68.278 Total funds 46.440 254,599 232.761 68,278 ANALYSIS OF NET ASSETS BY FUND Current assets Current liabilities Total Restticled Injst ftjnds Unrestricted general funds 69,598 {1,3201 68278 69.598 {1,3201 68,278 11
Friends of VisPa IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 May 2023 10. STATUS The charity is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contributè to the assets of the company in the event of its being wound up while they are members. or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased lo be members. and the costs, charges and expenses of winding up. and for the adjustment of lh8 rights of the contributors among themselves, such amount as may be required, not exceeding £1. 11. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 12