DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2022 Unrestricted Restrlcted funds funds 2022 2022 Totsl Unrastrictgd Rgstricted funds funds 2021 2021 Total 2022 Notes 2021 Donations and legacies Other trading activities Investments 3,952 644 22,950 26,902 1.935 13,400 15,335 Total income 4,598 22,950 27,548 1.941 13,400 15,341 Raising funds 675 675 Charitable activities 6.203 9,219 15,422 3,780 14,343 18,123 Total expenditure 6.878 9,219 16,097 3,780 14,343 18,123 Ngt lexpenditurellincome for the yearl Net movemgnt in funds 12,2801 13.731 11,451 11,8391 19431 (2,7821 Fund balances at 1 June 2021 25,450 101,022 126,472 27,289 101.965 129,254 Fund balance$ at 31 May 2022 23,170 114,753 137,923 25,450 101,022 126.472 The slalernent of financial activities includes all gains 8nd losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. DAN WINTER'S (A COMPANY LIMITEP BY GUARANTEE) BALANCE SHEET AS AT 31 MAY 2022 2022 Not¥s 2021 Fixed assets Tangible assets 11 96,193 105,882 Current assèts Stocks Peblors ash al bank and in hand 12 13 100 12,462 29,768 2.310 18,280 Credltors: amounts falllng due withln one year 42,330 20,590 14 16001 Nel current assets 41,730 20,590 Total a$s&ts less current liabllitles 137,923 126,472 Income funds Reslricled funds Unrestricted funds 114,753 23,170 101,022 25,450 137,923 126,472 The company is enlilled lo the exemption from the audit requirement contained in section 477 of the Companies Ael 2006, for the year ended 31 May 2022. No members have required the company lo obtain an audit of its finanaal slalemenls for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirernenls of the Companies Act 20 with respect lo accounting rècords and the preparation of financial slalements. The members have not required the company lo obtain an audit of ils financial $18temenls for the year in question in a¢corcJance with section 476. Th&se financial slalemenls have been prepared in ac￿rdanCe wth the provisions applicable lo companies subject lo the small companies regime. The financial statements were approved by the trustees on 26-10_ 202iL TL McNeill Trustee Company registration number N1059264 DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 Accountlng polic1&$ Charity Information Dan Winter's is a private company limited by guaranl8e incorporated in Northern Ireland. The regi*ered offi¢e is g Derryloughan Road, The DiamonLI, Loughgall. Co Armagh, BT618PH. 1.1 A¢countlng ¢onvenUon The financial slalemenls have been prepared in accordance with the charitable company's Memorandum and Articles of As50cialion, the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" l FRS 102,1 and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their ac¢ounls in accorLYance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" leffective 1 Janyory 20191, The charttable company is a Public Benefit Enlily as defined by FRS 102. The charitable company has taken advantage of the provisions in the SORP for charities not lo prep9re a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currenw of the charitable company. Monetary amounts in these financial slalements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern Al the lime of approving the financial slalemenls, the Iruslees have a reasonable expectation that the charitable company has adequate resources lo continue in operational existence for the foreseeable future. Thus the Iruslees continue 10 8dopl the going concern basis of accounting in preparing the financial slalemenls. 1.3 Charttable funds Unreslricled fvnds are available for use al the rjiscrelion of the trustees in furtherance of their charitable objectives. Reslricled funds are subject lo specific conditions by donors as lo how they may be used, The purposes and uses of the restricted funds are sel out in the notes lo the financial statenTrenls. Endowment funds are subject lo specific Conditions by donors that the capital musl be maintained by the charitable Company. 1.4 Income Income is recognised when the charitable company is legally enlilled lo il after any performance condillons have been mel, the amounts ¢an be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deells of covenant is recognised al the time of the don21ion. Legacies are recognised gn receipt or otherwise if the charitable ￿MpanY has been notified of an rnpending distribution, the amount is known, and receipt is expecl&d. If the amount is not known, the legacy is Irealed as a conlingenl asset. DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022 AGcountlng poll¢ies (Continued) 1.5 Expendlture Expenditure is recognised on¢e there is a legal or constructive obligation lo transfer economic benefit lo a third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount ol the obligation can be measured reliably. Expenditure is classified by activity. lil Charitable activities This comprises all the resources applied by the charitable company in undertaking its work to meet ils charitable objective5. lill Govemance costs Govemance costs in¢luLYe the costs of governance arrangements which relate to the general running of the charitable company. here costs cannot be direetly attributed to Particular headings, they have been allocated lo acb'vilies on a basis consislenl with use of the resources. 1.6 Tangiblè fixgd assets Tangible fixed asse15 are initially measured at cost and subsequently measured al cost or valuation, nel ol depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Improvements lo leasehold property Kitchen equipment Other equipment slraighl line over the period of the lease slraighl line over 10 years straight line over 10 years The gain or loss arising on the disposal of an asset is determlned as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the slalemenl of financial activities. 1.7 Impalmient of fixed assets Al each reporting end dale. the charitable company reviews the carrying amounts of ils tsngible assets t¢ determine whether there is any indication th21 those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impairment loss lif any). 1.8 Stocks Stocks are slated al the lower of cost and eslimaled selling price less costs lo complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks lo their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Nel realisable value is the esb'maled selling pricg less all eslimaled costs of completion and costs lo be incurred in markttling, selling and dislribulion. 1.9 Cash and cash equivalent$ Cash ancl ￿$h equivalents include cash in hand, deposits held al call with banks, other short-term liquid investments with original malurilies of three months or less, and bank overdrafts. 8ank overdrafts are shown within borrowings in cUr￿n1 liabilities. DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MAY 2022 Accountlng pollcies Icontlnuedl 1.10 Flnanclal Instruments The eharilable company has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and Seetion 12 '01her Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are re¢ognised in the charitable wmpany's balance sheet when the charitable company becomes paty lo the contractual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial slatemonts. when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a nel basis or lo realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially Fneasured at transaction priGe including transaction costs and are subsequently carried 21 amortised cost using the effe¢live interest melhoLY tjnless the arrangement conslilules a financing transaction, where the transa￿lon is measured al the present value Df the fuluie receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basle financial Ilabilities Basic financial liabilities, including creditors and bank IDans are initially recognised at transaction price unles5 the arrangement conslilules a financing transaction, where the debt instrument is measured al the present value of the future paymen15 discounted al a market rate of interest. Financial liabilities classified as payable wrfthin one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest ral& method. Trade creditors are Dbligalions lo pay for goods or services that have been acquired in the ordinwy course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade crèditors are recognised initially al transaction price and subsequently measured al amortised cost using the èffective interest method. Derecognition of flnancial liabilities Financial liabilities are derecognised when the charitable company's contractual obligations expire or are discharged or cancelled. 1.11 Employee beneflts The cost of any unused holiday enlitlemenl is recognised in the period in which the employee's services are received. Termination benefits aro recognised immediately as an expense when the charitable company is demonstrably commilled lo terminate the employment of an employee or lo provide termination benefits. Crltleal aceountlng gstimates and judgements In the application of the charitable cornp8ny's accounting policies, the trustees are required lo make judgements. eslimales and assumptions about the carrying amount of a55els and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimalès are recognised in the period in which the eslirnale is revised where the revision affects only that period, or in the period of the revision and tulure periods where the revision affects both current and future periods. DAN WINTER'S (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDEP 31 MAY 2022 Crltical accounting estimates and Judgements (Continued) Key sources of estlmation uncertainty The eslimales and assumpliDns which have a significant risk of causing a material adjustment lo the carrying amount of assets and liabilities are as follows. Flx¥d Assets The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and eslimales of residual values. The trustees regularly review these asset lives and change Ihern as necessary to reflect current thinking on remaining liv&5 in light of prospective economic utilisatiry) and physical condition of the assets con¢emed. Changes in asset lives can have a significant impact on depreciab'on and amortisation charges for the period. Detail of the useful lives is included in the accounting policies. Donatlons and legacles Unrestrlcted Restricted funds funds Totsl Unreslricled funds Reslrieted funcss Total 2022 2022 2022 2021 2021 2021 Donations and gifts Grant funding 3,952 3,952 22,950 1,935 22,950 1,935 13,400 13,400 3,952 22.950 26,902 1,935 13.400 15,335 Other trading activltles Unrestrlcted funds Total 2022 2021 Merchandise income e44 Investments Unrestricted Unrestricted funds funds 2022 2021 Interest receivable 10- DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MAY 2022 Ralslng funds Unrestrictèd funds Total 2022 2021 Fun raisin and ubli Merchanolise expenses 675 675 Charltsble activllles 2022 2021 Depreciation Merchandise Rent Insurance Light and heal Telephone Advertising Repairs and maintenance General expenses Bank fèes Events 9,689 9,689 157 200 2,953 405 260 2,600 1,213 200 2.355 203 203 229 12,876 17,693 Share of support costs (see note 81 Share of g0voman￿ costs (see note 81 1.268 1,480 430 15,422 18,123 Analysis by fund Unresliicled funds Restricted funds 6,203 9,219 3,780 14,343 15,422 18,123 DAN WINTER'S {A COMPANY LIMITED BY GUARANTEE) NQTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022 Support colts Support Gov&rnance costs costs 2022 2021 Insurance Light and heat Telephone General expenses Bank fees 785 67 349 13 52 785 67 349 52 Accountancy 1,480 1,480 430 1,266 1,480 2.746 430 Analysed between Charitsble activities 1.266 1,480 2,746 430 Trustees None of the Iruslees lor any persons connected with them) received any remuneration or benefits from the charitable ctsmpany during the year. 10 Employees The average monthly number of employees during the year was.. 2022 Number 2021 Number 12- DAN WINTER'S {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FQR THE YEAR ENDED 31 MAY 2022 11 Tangible fixed assets Improvoments to leasehold property Kitchen equipmenl Other 8qulpment rotsl Cost Al 1 June 2021 216.996 5,809 7,766 239.571 At 31 May 2022 216,996 5.809 7,766 230,571 Depreclation and impalrment Al 1 June 2021 Depreciation chargecl in the year 119,094 8.674 4,692 238 903 777 124,689 9,689 Al 31 May 2022 127,788 4,930 1.880 134,378 Carrying amount Al 31 May 2022 89,228 879 6,088 96,193 Al 31 May 2021 97,902 1.117 6,863 105.882 12 Stocks 2022 2021 Goods for resale 100 13 Debtors Amounts falllng due wlthin one year: 2022 2021 Prepayments and accrued income 12,462 2.310 14 Creditors.. amounts falllng duè wlthin one year 2022 2021 Accruals and deferred income 600 13- DAN WINTER'S IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022 15 Analysls of net assets tse￿eell funds un￿strICted Restrlcted fund$ funds 2022 2022 Total Unrestricted Restricted funds funds 2021 2021 Total 2022 2021 Fund balances al 31 May 2022 are represented by". Tangible assets Current assetsllliabililies) 4,862 18,308 91,331 23,422 96,193 41,730 5,561 19,889 100,321 701 105,882 20,590 23,170 114,753 137,923 25,450 101,022 126,472 Restricted funds balance is used for specific purposes by reference to the donation. collection or grant received. 16 Related party transactions There were no disdosable related party transactions during the year12021 none}. 14-