ARDFOYLE TRUST Statement of Fiiiancial Activities for the Year Ended 30 Se tember ?02? 2022 Total funds 2021 Total funds Unrestricted Restricted fund ftlnds Notes INCOME AND EINDOWMENTS FROTh Donations and legacies 25,039 ?),039 34,662 Investment income 29,106 29,106 Total 54,14i 54,145 45,944 EXPENDITURE ON Charitable activities Governance costs Charitable Donations Support costs 1,574 7i,643 I,)74 73,643 52.939 7,801 Other 24,808 24,808 Total 100,02) 100,025 62,3?2 NET INCOMEI(EXPENDITURE) (45,880) (45.880) (16,378) RECONCILIATION OF FUNDS TotaE funds brougllt forivard 798,264 798,264 814.642 TOTAL FUNDS CARRIED FORWARD 752,384 752,384 798,264
ARDFOYLE TRUST Balance Sheet 30Se tember 2022 2022 Total funds 2021 Total funds Unrestricted Restricted fund fund5 Notes FIXED ASSETS Investmettt property 11 459,?90 459,290 4 j9,?90 CURRENT ASSETS Debtors Castl at bank 12 56.563 240,259 i6,563 240,2)9 148,013 192,686 296,822 296.822 340,699 CREDITORS Arllounts falling due ivithin one year 13 (3,7?8) (3,728) (1,725) 'ET CURRENT ASSETS 293,094 293,094 3 38,974 TOTAL ASSETS LESS CURRENT LIABILITIES 752,i84 75? 384 798,264 NET ASSETS 752,384 752,i84 798,264 FUNDS Unrestricted funds 14 75? 384 798,264 TOTAL FUNDS 752,384 798,264 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) nsurin(r that the charitable company keeps accounting records that comply ivith Sectlolls )86 and 387 of the Companies Act 2006 and (b) preparing finanGial statements which give a true and fair view of the stste of affairs of the charitsble company as at the end of each fInancial year and of its surplus or deficit for each fInancial year itl accordance with the requirements of Sections 394 and 39) and which OtheIse comply with the requirements of the Companies Act 2006 relating to fInancial statements, so far as applicable to the charitable company. continued.
APDFOYLE TRUST Balaiice Sheet - continiied 30Se teFnber 20?2 These finaiicial slatemeiit5 have been prepared in accordance with the provisions applieable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ?..L..: i....Igs2J .............. and were signed on its behalf by.. Farland - Trustee
ARDFOYLE TRUST Notes to the Financial Statements loi. the Year Ended 30 Se tember 202? COMPANY LlIlqITED BY GUAIL4NTEE ArdfoyIe Tiust Ltd ts a company limited by guarantee and accordingly does not have share capital. Each member of the company has undertaken to contributed such amounts as will be required not exceeding £10 to the assets of the company in the event of its being wound up while he or she is a member or within one yeai. after he or she ceases to be a member. ACCOUNTING POLICIES Basis of preparinu the financial statements The financial statements of the charitable compaiiy, which is a public benefit entity under FRS 10? have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to charities prepaiino their accounts in accordance ivith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK atld Republic of Ireland, and the Companies Act ?006. TELe financial statements have been prepared under tlie historical cost Convention. Financial reportin4T standard 102 - reduced disclosure e.iemptions The chaiitable company has taken advantage of the following disclosure exeniptions in preparing these financial statements. as permitted by FRS I O? 'The Financial Reporting Standard appfiicable in the UK and Republic of Ireland,: the requirements of Sectioii 7 Statement of Cash Flow5" tlie requirenient of paragrapli i.17(d)' the requirements of paragiaphs 11.42, 11.44, 11.45, 11.47, L l.48(a)(iii), 11.48(a)(iv), 11.48(b) and I1.48(c)- the requirements of paragraphs 12.26. 12.27, 12.29(a), l? ?9(b) and l?.29A' the requirement of paragraph 33.7. Income All income is recognised in the Statement of Financial Activities once tlie charity has entitIemenl to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recounised as expenditure as soon as there is a legal or constructive obligation committing tlie charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on ali accruals basis and has been classified under headings that aggregate all cost related to the category. Wl]ere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered Subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Taxation The Gharity Is exempt from corporation tax on its charitable activities. Fund accountints Unrestricted funds can be used in accoi-dance ivith the charitable objectives at the discretion of the trustees. continued...
ARDFOYLE TRUST Notes to the Financial Statements - coiitinued for the Year Ended 30 Se tember 2022 ACCOUNTLYG POLICIES - continued Fund accounting Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise ivhen specifIed by th¢ donoT or $he funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is Included in the notes to the financial stateLnents. DONATIONS AND LEGACIES 2022 2021 Donations Gift aid 20,050 4,989 27,849 6,813 25,039 34,662 INVESTITrIENT INCOME 2022 2021 Rents received Deposit account interest Interest receivable Ground Rent received 17,267 135 10.772 932 9,600 20 27 1,635 29.106 cItARITABLE ACTIVITIES COSTS Grant funding of activities (see note Support costs (see note 7) 6) Totals Governance costs Charitable Donations 1.574 1,574 73,643 73,643 1.574 75,217 continued...
ARDFOYLE TRUST Notes to tlie Financial Statements - continued for the Year Ended 30 Se tember 2022 GRANTS PAYABLE 20?2 ?021 Charitable Donations 73,643 52.939 SUPPORT COSTS Governaace costs ManaeMent Totals Other resources expended Governance costs 24,718 136 90 1,438 24,808 I,)74 24,854 1,528 26,382 TRUSTEES, REIIIUNEIL4TION AND BENEFITS There were no trustees, remuneration or other benefits foi. the year ended 30 Septernber ?022 nor for the year ended JO September 20?1. Trustees, expenses There were no trustees, expenses pald for the year ended 30 September ?0?2 nor for the yeai- ended JO September 2021. STAFF COSTS The averaoe monthly number of employees during the year was as follow5: 2022 ?021 Trustees No employees received emoluments in excess of £60,000. 10. COIVIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total fund5 INCOME AND ENDOWMENTS FROM E)onations and legacies 34,66? 34,662 Investment income 11,282 11,282 Total 45,944 45,944 EXFENDITURE ON C112 ritable actiiiities Governance costs Charitable Donations 1,582 52,939 I,)82 i2,939 continued...
ARDFOYLE TRUST Notes to the Financial Statetnents - continued for the Year Ended 30 Se tember ?022 10. COIMPARATIVES FOR TI.IE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted Total fuiid funds funds Support costs 7,801 7,801 Totgl 62,322 NET INCOMEI(EXPENDITURE) (16,i78) (16,J78) RECONCILIATION OF FUNDS Total funds brought forivard 814.642 814.642 TOTAL FUNDS CARRIED FORWARD 798,264 798,264 11. INVESTMENT PROPERTY FAIII VALUE At l October 20?1 and JO September 2022 459,?90 NET BOOK VALUE At 30 September ?02? 459,290 At 30 September 2021 459,290 The trustees consider that tlie investtnent properties are shown at fair market value. 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Other debtor5 Gift Aid Reclaim 51.600 4.963 141,200 6,813 148,013 continued...
ARDFOYLE TRUST Notes to the Financial Statement5 continued for the Year Ended 30 Se tember 2022 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR ?02? ?o?I VAT Accruals and deferTed income 2,333 3?9 1,396 3,728 1,725 14. MOVEIVIENT IN FUNDS Net move]nent in funds At ill01 Al 3019122 Unrestricted funds General fund 798,264 (45,880) 752,384 TOTAL FUNDS 798,264 (45.880) 7)2,384 Net movement in funds, included in tlie above are ls folloivs.. Tncoming resources Resources expended Movemeiit in fitnds Unrestrieted funds General fund 54,145 (100,025) (45,880) TOTAL FUNDS i4,145 (100.025) (45.880) Comp2r2tives lor movement in funds Net ovement in funds At 1110120 At 3019121 Unrestricted funds General fund 814,642 (l6,378) 798.264 TOTAL FUNDS 814,642 (16,378) 798,264
ARDFOYLE TRUST Notes to the Financial Stateinents continued foi. the Year Ended JO Se tember 202? 14. OVEIMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as folloH's= Incomin resources Resources expended Movefftent iii fuiid5 Unrestricted funds General fund 45,944 (6? 322) (16,378) TOTAL FUNDS 45,944 (62.322) (16.378) A current year 12 months and prior year 12 month5 cornbined position is as folloivs: Net movement in funds At Iii o/?0 At 30191?? Unrestricted fund5 General fund 814.642 (6? 258) 752.384 TOTAL FUNDS 814,642 (62,258) 752,384 A Current year 12 months and prior year 12 months coinbined net movement in furLds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 100,089 (162,347) (62,258) TOTAL FUNDS 100,089 (162,347) (62,2i8)