DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2023 Unrestricted RestriGted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Other Irading activities Investments 11.057 1,375 12,432 3,952 22,950 26,902 924 14 924 14 644 644 Total income 11.995 1,375 13,370 4,598 22,950 27,548 enditure on: Raising funds 939 939 675 675 Charitable aclivilies 7,845 13.994 21.839 6,203 9,219 15,422 Total expenditure 8,784 13,994 22,778 6,878 9,219 16,097 Net incominglloutgoing) resources before transfers 3,211 (12,619) 19,408) (2,280) 13,731 11,451 Gross transfers between funds 641 (6411 Net incomellexpenditurel for the yearl Net movement in funds 3.852 (13.260) (9,408) 12,280) 13,731 11,451 Fund balances at 1 June 2022 23,170 114,753 137,923 25.450 101,022 126,472 Fund balances at 31 May 2023 27,022 101,493 128,515 23,170 114,753 137,923 The stalemenl of financial aclivilies includès all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The slatemenl of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 MAY 2023 2023 2022 Notes Fixed assets Tangible assets 12 130,050 96,193 Current assets Stocks Debtors Cash al bank and in hand 13 14 100 12,660 1,335 100 12,462 29,768 14,095 Creditors: amounts falllng due within one year 42,330 15 115,6301 (600) Net currenl (liabililies}lassets (1,535) 41,730 Total assets less current liabilities 128,515 137,923 Income funds Restricted funds Unrestricted funds 101,493 27,022 114,753 23,170 128,515 137,923 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2023. No members have requlred the company to obtain an audit of ils financial statements for the year in question in accordance with sectlon 476 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 financial statements. The members have not required the company to obtain an audit of ils financial statements for the year in question in accordance with section 476. These financial slalements have been prepared in accordance with the provisions applicable lo companies subject to the small companies regime. Th financial statements were approved by the trustees on TL Mcmeill Trustee Company registration number N1059264
DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 Accounting policies Charity information Dan Winter's is a private company limited by guarantee incorporated in Northern Ireland. The regislered office is g Derryloughan Road, The Diamond, Loughgall, Co Armagh, BT618PH. 1.1 Accounting convention The financial statements have been prepared in accordance with the charitable company's Memorandum and Articles of Associalion. Ihe Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" l°FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Slalement of Recommended PTaclice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepubliG of Ireland (FRS 102)" {effective 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102. The charitable company has laken advantage of the provisions in Ihe SORP for charities not lo prepare a Statement of Cash Flows. The financial slalemenls are prepared in sterling, which is the functional currency of the charitable company. Monelary amounts in these financial slalements are rounded lo the nearest £. The financial slatemenls have been prepared under the historical cost convenlion. The principal accounting policies adopted are set out below. 1.2 Going concern At the lime of approving the financial stalemenls, the Iruslees have a reasonable expectation that the charitable company has adequate resources lo conlinue in operational exislence for the foreseeable future. ThLfS the trustees continue to adopl the going concern basis of accounling in preparing the financial stalemenls. 1.3 Charitable funds Ur)restricted funds are available for use at the discretion of Ihe trustees in furtherance of their charitable objectives. Reslricled funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the financial statements. Endowment funds are subjecl to specific conditions by donors that Ihe capital musl be maintained by Ihe charitable company. 1.4 Income Income is recognised when the charitable company is legally entitled lo it after any perf0rrnan conditions have been mel, the amounts can be mèasured rèliably. and it is probable that incomè 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 Gondilions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at Ihe lime of the donation. Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, Ihe amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a contingent asset.
DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to Iransfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in selllement, and Ihe amounl of the obligalion can be measured reliably. Expenditure is classified by aclivily. (il Charitable activities This comprises all the resources applied by the charitable company in undertaking its work to meet its charitable objectives. (li) Governance costs Governance costs include Ihe costs of governance arrangements which relate to the general running of the charitable company. Where costs cannot be directly allribuled lo particular headings, they have been allocated to activities on a basis consistent with use of the resources. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Improvements lo leasehold property Kilchen equipment Other equipment slraighl line over the period of the lease straight line over 10 years straight line over 10 years The gain or loss arising on the disposal of an asset is determined as the difference between Ihe sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairmènt of fixed assets At each reporting end dale, the charitable company reviews the carrying amounts of ils langible assets lo delermine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the assel is estimated in order lo determine the exlenl of Ihe impairment loss lif any). 1.8 Stocks Stock5 are staled at the lower of cost and estimated Selling price less costs lo complete and sell. Cost comprises direct materials and, where applicable, direot labour costs and those overheads that have been incurred in bringing the stocks lo their present location and condition. Items held for distribution al no or nominal consideration are measured the lower of replacement cost and cost. Nel realisable value is the estimated selling price les5 all estimated costs of complelion and costs lo be incurred in marketing, selling and distribution. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other shorl-term liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Accounting policies (Continued) 1.10 Financial instruments The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the inslrumenl. Financial assets and liabilities are offset, with the nel amounts presented in the financial slatemenls, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a nel basis or to realise the assel and sellle the liabiliiy simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effeotive interest melhod unless the arrangement constitutes a financing transaction, where the transaction is measured al the present value of the future receipls discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortlsed. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing Iransaclion. where the debl instrument is measured al Ihe present value of the fulure payments discounted al a market rale of interest. Financial liabilities classified as payable within one year are not amorlised. Debl instruments are subsequenlly carried at amorlised cost, using the effective inleresl rale method. Trade creditor5 are obligations to pay for goods or seNices Ihal have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, théy are presented as non-current liabilities. Trade creditors are recognised initially al transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charitable company's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Terminalion benefils are recognised immediately as an expense when the charitable company is demonslrably commilted to terminate the employment of an employee or lo provide termination benefits. Critical accounting estimates and judgements In the application of Ihe charitable company'5 accounting policie5, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assels and liabilities that are nol readily apparenl from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimales. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Critical accounting estimates and judgements (Continued) Key sources of estimation uncertainty The estimates and assumptions which have a significant risk of causing a material adjustment lo the carrying amount of assets and liabilities are as follows. Fixed Assets The annual deprecialion charge Dn fixed as5els depend5 primarily on the estimated lives of each type of asset and estimates of residual values. The trustees regularly review these asset lives and change them as necessary to reflect current thinking on remaining lives in lighl of prospective economic ulilisation and physical condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation and amortisalion charges for the peiiod. Detail of the useful lives is included in the accounting policies. Donations and legacies Unrèstricted Restricted funds funds Total UnrestriGted funds Restricted funds Total 2023 2023 2023 2022 2022 2022 Donations and gifts Grant funding 11.057 11,057 1,375 3,952 3,952 22,950 1,375 22,950 11.057 1,375 12,432 3,952 22,950 26,902 Other trading activities Unrestricted Unrestricted funds funds 2023 2022 Merchandise income Utility recharges 624 300 644 924 644 Investments Unrestricted Unrestricted funds funds 2023 2022 Interest receivable 14 10-
DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Raising funds Unrestricted Unreslricled funds funds 2023 2022 Fundraisin and ublicit Merchandise expenses 939 675 939 675 Charitable activities 2023 2022 Depreciation Rent Insurance Light and heat Repairs and maintenance Events 11,509 200 2.536 1,129 2.400 1,325 9,689 200 2,355 203 229 19,099 12,676 Share of support costs (see note 8) Share of governance costs (see nole 8) 1,510 1,230 1,266 1,480 21,839 15,422 Analysis by fund Unrestricted funds Resliicled funds 7,845 13.994 6,203 9,219 21.839 15,422 11
DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Support cosls Support Governance costs costs 2023 Support Governance costs costs 2022 Insuran Lighl and heal Telephone General expenses Bank fees 845 376 206 845 376 206 785 67 349 13 52 785 67 349 13 52 83 83 Accountancy 1,230 1,230 1,480 1,480 1,510 1,230 2,740 1,266 1,480 2,746 Analysed belween Chaiitable aclivilies 1,510 1,230 2,740 1,266 1,480 2,746 Trustees None of the trustees (or any persons connected wilh them) received any remuneration or benefits from the charitable company during the year. 10 Employees The average monthly number of employees during the year was: 2023 Number 2022 Number 11 Taxation The charity is exempt from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 199210 the exlenl that these are applied to its charitable objects. 12-
DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 12 Tangible fixed assets Improvèmènts to lea$ohold property Kitchen equipment Other oqulpmant Totsl Cost Al 1 June 2022 Additions 216,996 45.366 5,809 7,766 230,571 45,366 Al 31 May 2023 262.362 5,809 7,766 275,937 Depreciation and impairment Al 1 June 2022 Depreciation charged in the year 127.768 10,494 4,930 238 1,680 777 134,378 11,509 At 31 May 2023 138,262 5,168 2,457 145,887 Carrying amount At 31 May 2023 124.100 641 5,309 130,050 At 31 May 2022 89,228 879 6,086 96,193 13 Stocks 2023 2022 Goods for resale 100 100 14 Debtors 2023 2022 Amounts falling due within one year: Prepayments and accrued income 12,660 12,462 15 Creditors: amounts falling due within one year 2023 2022 Olher creditors Accruals and deferred income 15,000 630 600 15,630 600 13
DAN WINTER'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 16 Analysi5 of net assets between funds Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Fund balances al 31 May 2023 are represented by.. Tangible assets Current assetsllliabilities) 28,557 (1,5351 101,493 130,050 (1,535) 4.862 18,308 91,331 23,422 96,193 41,730 27,022 101,493 128,515 23,170 114,753 137,923 Restricted funds balance is used for specific purposes by reference to Ihe donation, collection or grant received. 17 Related party transactions There were no disclosable relaled party transactions during the year (2022 - none). 14-