Company Registration Number.. N1618532 Charity Number: NIOO132 Friends of VisPa IA company limited by guarantee. not having a share capilall Annual Report and Unaudited Financial Statements for the financial year ended 31 May 2024
Friends of VisPa IA company limited by guarantee, not having a sharè capFtall CONTENTS Page Reference and Administrative Information Trustees. Annual Report Statement of Trustees. Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-12
Friends of VisPa IA company Iimiied by gliarantee. noi having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Colin k+ayburn Vvilliam McDov/ell Emma McAllisler IResigp.ed 21 August 20231 Charlty Number in Northein Ireland NIOC732 Company Registratlon Number N1618532 Registered Office and Prlncipal Address 71 Parkfield Road Ahoghill Co. Antrim BT42 ILY lorthern Ireland Indepeiident Examiner MG accountants IPortado¥¥n I 25-27 Carleton Street Port3do¥'in Co Armagh BT62 3EP Northem Ireland Pilncipal 8ankers Bank of Ireland 1 DDne9all Square BelFast Co. Anlrim BTI 5LR United Kingdom
Friends of VisPa IA knompany limited by guarantee, not having a shaTe capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 May 2024 The truslees present their Trustees, Annbral Report. ¢ort)Ining tbe Dire-lors. Report and Trustees, Report, and the unaudited financial statements for U)e financial year ended 31 May 2024 The financial slalernpnts are prepared In acco.dance witr, the Companies A# 2006, FRS 102 "The Financial Fkeporting Standard applicable In the UK and Repub11c of Ireland ano Accounbng and Reporting by Charit'es Statement of Recommended Practice applicable to charities preparing thetr financial statements In a¢¢ordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 102) The Trustees, Report contsins the informatson required to be provided In the Trustees. Annual Report under the Statement of Reccmmended Practice ISORPI gtjidelines. Thè) triislees ol the company are also charity trustees for the pJrpose of chanty la%'i and under the company's consbtuton are knoY/n as member5 of the board ol trustees. In this report the triislees of Friends of VisPa present a summary of rts purpose. goijernance, acts'vilies. achievements and finances lor the financial year 31 laY 2024. The principal activity of the charity is lo provide financial. materi81 and spirtual assistance to oiphans and Children in need In Western Kenya through cnild sponsorship shool building clean water (tkncess and Christan literature. The charity is 8 registered charity 8nd hertrce +he reptsf.Tr and results ale PfeseTTted a form vthTch complies w.,th the reqliirerrients of the Companies Act 2006 and. althougk. no: Dbliged 10 comFly Yiith the Statement of Recommended .tice apc)Iicable in the UK and Republic of Ifela?d FRS 102, the organisation has implernenled its recoirmendations where relevant in these financial statements. Princlpal Activity The principal acliv5ty of the charity Is to provide financial. material and spithal assistance to orphans and children in need in Western Kenya through Child sponsorship. shool building. clean water access and Christian liter8ture Flnanclal Review The results fo.. the financial financial yeaf are set out on page 9 and ad¢Jibonal notes are provided shoviing Income and exper.diture in greater detail Financlal Results At the end of the financial year the charity has assets of £33 387 12023 £69.598) and Iiabilits'es of £1,390 12023 £1.3201 The nel assets of the chanty have decreased by £136.2811- Trustees The trustees who served throughout the financial year. except as noted, viere as follovis Colin Hayburn William McDowell Emma M-Alliste.' IRe%gned 21 August 2023) Compliance wilh Sector-wlde Leglslatlon and Standards The charity engages pro-actively Yiill legpslation. 5tanddTds and codes whiknh arè developed for ihe sector Friends of VisPa subscribes to and Is compliant Nvilh ihe foll¢ywing' The Companies Act 2006 The Ch anties SORP IFRS 1021 Approved by the Board of TfU5tees on 24 February 2025 and signed on it5 behalf by: Colin Hayburn Dlreclor
Friends of VisPa IA companrf Iimile(I by gtjaraniee. not having a share capiiall STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 Nlay 2024 The trJstees who are also directors of Friends of Vispa for Ine purposes cl company law. are responsible lor preparing the financial statements In accordance with applicable lal'i an¢ ."egulations Company lavi requires the trustees as the directors to prepare fin.ancial statemen+s for each financial year Under that layi the t,'ust2es have elected to prepare the financial slalptp.enls In accordancp viith United Kingdom Generally Accepted Ac¢ounling Practice Iunited Kingdorn Accounting Stap,dards and applicable lalvl including FRS 102 'The Financial Reporknng Standard applicable In the Ui< and Repub11c of Ireland" Seton 1A Ismall Enlitiesl Under company lavi the Iruslees MJI st r,ol apprL)ve the financia5 statements onless they are satlsfied that they give a true and fair view ol the stale al affairs ol the company and of tre surplus or deficit of the company for that period In preparing these financial slatemenls. the trustees are required to select suitable accounting policies and apply them corsislenJy make iudgemer.ts and estimates that are reasonable aryd prudent, state ivhelher tne financial statements have been prepared IP acccrdance I'iith the relevant f.'nancial reportng fra.ryieiork. Identify those standards. and note the effect and the reasons lor any material departure from those standards and preFare the financial 51alernents on the going concern basis unless il Is inappropnate to Pfesume that the charity will continue In operatlon The Iruslees confirm that they have complied %vith the above requirements In pieparing the financial slalemenls The truptees are responsible for keeping 3deoua'.e 3c¢ounbng records ;hat are sulf1cient to shGW and explain the Charity's transactions and disclose with reasonable accuracy al ani Thme the financial posithon uf the charty and enable them to ensure that the financial statemtsnts comply <4ith thts Compan1es Act 2006 They are also respon51ble for safe Juaraing the 35sels of the charity and hence lor takjng reasonable Steps for the prevention and detection of Irau" ar.-d other Irregularities Approved by the Board of Trustee5 on 24 February 2025 and signed on its behalf by.. Colin Hayburn Director
Friends of VisPa IA company limjted by guarantee. nc>t having a sh3re capital? INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF FRIENDS OF VISPA We have examined Ihe financial statemen'LS of the charity lor the financial year ended 31 May 2024, which comprise the Slalemeni ol Financial Activities lincorporatsng an Income and Expendiltire Account). the Balance Sheet and the related notes. This report Is made solely to the charity's members as a body, .'n accordaice vjith Chapter 3 of Part 16 of the Companies Act 2006. Our vio,"k has been undertaken so tnat Ive might compile the financial statements that we have been engaged lo cornpile, report lo Ib.e Board o! Trustees that vie have done so. and state thtrse matters that we have agreed to stale lo them in Ihis report and 'or no other purpose. To the ftJlles1 extent permitted by law. vie do not accept or assume responsibility to anyone othei than the charity aftd the charity's members. as a body, for our ViDrk. or for this report Respe¢tlve responslblllties of trustees and examlner The charity's trustees (who are also the directors of the compaiy ior the purposes of company lawl are responsible for the preparation of the financial statements in aordanCe with fequiren7enls of the Companies Act 2006 The charity's trustees consider that an audit is not reqDired fof this financial year under Chaptar 3 of Part 16 of the Companies Act 2006 and that an Inoependent examination Is reqLJired It Is our rasponsibility:o". examine the financial statements undor sectr'on 65 of +he Charibes Act.. follow the procedures lai4 down by the gener Direc'iions given by the Charity Commission for Northern Ireland under section 65j9llbl of the Charities Act. and stale ivhelher parbcular matters have come to OLir attentson. Bas15 of Independent examlner's report Wle have exainined your charity financial statements as requi".ed under section 65 of the Charities Act and our examination was carried out in a¢cofdanGe with the general Directions given by the Chai ity Conimissitsn for Northern Ireland under section 6519iibl of the Chanlies Act. An examinat*on includes a revieyi of the accounty'ng records kept by the charity and a comparison of the financial statements presented ivith those records It also includes consideration of any unusual items or th%losures In the financial statements and seeking explaD.ations from the trustees concerning any sueh matters The Procedures undertaken do not provide all the evidence that would be required In an audit and consequendy no opinion is gi'ien as to i'ihethe,- the accounts present a 'true and fair. view and the report is limited lo those matters set out In the statement below. In connectron with our examinabon. no matter has come to our a+tentson which gives us cause to believe that In, any mslefial respect" accounting records were not kept In accordance with Sèd50n 386 of tt)e Companies Act 2006 the financial statements do not akncord with those a¢¢obintrng records the financial statements have not been prepared ift acGordaryce with the accounting requirements of seOn 396 of the Companies Act 2006 gnd viith the rnelhods and principles Of the Statement of Recommended Practice applicable to charib'es preparing their accounts in accordance viilh the Financ4al Reportt"ng Standard applicable in the UK and Republic of Ireland IFRS1021 there Is furt.her information needed for a proper understanding tsf the accounts to be reached. Indepeiident examlner's statement We have no concerns and have cone across no other matters In ¢onneGbon with the examination to which aitenaon snould be drawn in this report In order to enable a proper understsnding of the financial statements to be reached. ACCOUNTANTS IPORTADOWNI 25-27 Carlelon Street Portadown Co Armagh BT62 3EP Northem Ireland Date.. 24 February 2025
Friends of VisPa IA company limited by guarantee. not having a Share capital) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income an¢J Expenditufe Accountl for the financial year ended 31 May 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Income Donations and legacies Charitable activities Other Income 2,400 67,598 1,320 142.743 145,143 67.598 1.320 26 600 57 766 1 080 169 153 195 753 57 76e 1.080 Total income 71.318 142.743 214,061 85 448 169,153 254 599 Expenditure Charitable activities Other expenditure 30,813 2.429 217.100 247,913 2,429 30 532 2 551 199.578 230 210 2551 Total Expenditure 33.242 217.100 250.342 33 083 199678 232 761 Nel incomellexpendlturel 38,076 174,357) 136,2811 52.363 130.5251 21 838 Transfers beNveen funds 174,3S71 74.3S7 130 5251 30,525 Net mooement In funds for the flnanclal year 136,2811 136,2811 21,838 21,838 Reconclllation of funds.. Total funds beginning of the year 10 68.278 68,278 46,440 46,440 Total funds at the end of the year 31.997 31,997 68,278 68.278 Th& Stratemeni of Financial Acbvities Includes all gains and losses recognised In the ftnanci31 year. All Income and expedItre relate ID contrntsing acbvitres. The notes on pages 9 to 12 forrp. part of the finanual stalemer,rs
Friends of VisPa IA company Itmited by guarantee. nol having a share capital) Company Number. N1618532 BALANCE SHEET as at 31 N,18/ 2024 2024 2023 Notes Current Assets Debtors Cash at bank and In hand 10.663 22.724 10.761 58.837 33,387 69,598 Cfedltors: Amount5 falling due withln one year 11,3901 11,3201 Net Current Assets 31,997 68,278 Total Assets less Current Llabllltles 31,997 68.278 Funds General fund lunrestrictedl 31,997 68.278 Total fvnds 10 31,997 68,278 These fjnancial statements have been prepared in accordance viith the special provisions relating to small companies viilhin Part 15 of the Companies Act 2006 For the financial year ended 31 May 2024 the charity was entslled to eKemptson from audit under section 477 of th Companies Act 2006, and no notice has trjeen deposited under sects'on 476. The ttU5tees confirm that the members have not required the company lo obtain an au(Jit of its financial statements for the financial year in questson in accordance Yiith seth.on 476 of the Companies .4ct 2006. The trustee5 acknowlodge their responstJ'lib"es for ensuring that e charity keeps accounty.ng records which comply with secbon 386 and for preparing financial statements which give 3 true and fair view of the state ol affairs cl the ctr,arity as at the end of the financial year and of its profit and loss for the financial year in accordance with the reqLiirements of seGtsons 394 and 395 and vihich oiherwise - -Otnply Yiith the requirements of the Companies Act 200e relalng to financial statements, so far as applicable to the charity. The financial statements have been prepared in accordance Y/ith the provisions applicable to companies subject to the small companies. ,'egime and In accordance b'rith rRS 102 'The Financial Reprjrbng Standard applicable In the UK and R.publi¢ of Irelap.d" a¢plyin9 Section 1 A of tr,al Standard Approved by the Board of Trustees and authorlsed for Issue on 24 Febwary 2025 and slgned on Its behalf by Colin Hayburn Director The notes on pages 9 to 12 forrn part of the financial $fatew4ents
Friends of VisPa IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 May 2024 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, Ballymena. Co. Anirim, BT42 1 LY. Northern Ireland which is also the principal place of business of the company The financial slatemenls have been presented in Pound (£1 which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are Considered malersal in relation lo the charity's financial staternenls. Basis of preparation The financial slalements have been prepared on the going concem basis under the historical cost convention, modified to include certain items at fair value. The finanual stal8ments have been prepared in accordance with the Slalemenl of Recommended Practice ISORP) "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. applw'ng Section 1A of that Standard. A5 permitted by the Companies Act 2006. the charity has varied the standard formats in that act for th& Statement of Financial Aclivities and the Balance Sheet. Departures from the standard formats are to comply with the requiremenls of the Charities SORP and are in Complian with section 4.7, 10.6 and 15.2 of that SORP. Statement of compliance The financial slalements of the charity for the financial year 31 May 2024 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 RepDrting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Fund accountlng The following are the categories of funds maintained-. Restrlcted funds Reslricled funds present income received which can only be used for particular purposes, as specified by the donors. Such purposes are bwthin the overall objectives of Ihe charity. Income Income is recognised by indusioTr in the Slalement of Financial Activities only when the charity is legally entitled to the income, perf0mlan conditions attached lo the item{s} of income have been mel. the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the oharity. Expenditure Expenditure is analysed between cosls of charrl8ble activities and raising fvnds. The costs of each activity are separately accumulated and disdosed, and anatysed according to their major comFX)nents. Expenditure is recognised when a legal or constnjclive obligation exists as a result of a past event. 8 transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Debtors Debtors are recognised al the arnount outstanding lowards project costs at the year end. Cash at bank and in hand Cash at bank and in hand comprises cash on dep)sit al banks requiring less than Ihree months notice of withdrawal. Taxation No current or defeThed taxation arises as the tharity has been granted charitable exemption.
continued Friends of VisPa {A company limil¢d by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 May 2024 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2024 2023 Donations 2.400 142,743 145,143 195,753 CHARITABLE ACTIVITIES Unrestrlcted Restrictèd Funds Funds 2024 2023 Grants from governments and other ¢Owfunders: Gift Income for Travel Costs 29,571 38,027 29,571 38,027 32,975 24,791 67,598 67.598 57.766 OTHER INCOME Unrestrlcted Rostrlcted Funds Funds 2024 2023 Other income 1,320 1,320 1,080 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2024 2023 Project Costs 247,913 247,913 230,210 OTHER EXPENDITURE Dlrect Costs Other Costs Support Costs 2024 2023 Administrative Expenses 2.429 2,429 2,551 SUPPORT COSTS Charitable Actlvltles 2024 2023 Donations Travel Expenses 217.100 30,813 217,100 30,813 199,678 30,532 247,913 247,913 230,210 ANALYSIS OF SUPPORT COSTS 2024 2023 Donations Travel Expenses 217,100 30.813 199,678 30,532 247,913 230,210 10
continued Friends of VisPa IA company limited by guarantee. not having a sharè capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 May 2024 NET INCOME 2024 2023 Net In¢ome Is stated after chargingllcrediting): Independent Examine¢s remuneration- indep2ndenl examination ServIS 1,390 1,320 DEBTORS 2024 2023 Other debtors 10.663 10,761 10.663 10,761 CREDITORS Amounts falling due within one year 2024 2023 Accruals and deferred income 1.390 1,320 RESERVES 2024 2023 At the beginning of the year (Deficilysurplus for the financial year 68,278 {36.2811 46,440 21.838 Al the end ol the year 31.997 68,278 10. FUNDS 10,1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Funds Total Funds At 1 June 2022 Movement during the financial year 46,440 21,838 46,440 21,838 Al 31 May 2023 Movement during the finanual year 68,278 136,2811 68,278 {36,2811 At 31 May 2024 31,997 31,997 10.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 June 2023 Income Expenditure Transfers between funds Balance 31 May 2024 Reslricled Funds Unrèstrictad funds Unreslricled Funds 142.743 217.100 74.357 68,278 71.318 33,242 174,3571 31,997 Total funds 68,278 214.061 250,342 31,997 11
conts'nued Friends of VisPa IA company limit9d by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 May 2024 10.3 ANALYSIS OF NET ASSETS BY FUND Current assets Current Ilabllities Total Restrict6d funds Unrestricted general funds 33,387 (1,390) 31.997 33,387 {1,390) 31,997 11. 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 contribute to the assets of the company in the evenl of ils being wound up while they are members, or within one year thereafter. for thè payment of the debts and liabilities ol the company contracted before they ceased to be members. and the costs, charges and expenses of winding UP, and for the adjustment of th8 rights ofthe contributors among themselves, such amount as may be required, not exceeding £1. 12. POST-BALANCE SHEET EVENTS There have been no &gnificant events affecting the Charity since the financial year-end.