Foyle Deaf Association Statement of Financial Activitie5 for the year ended 31 March 2023 Unrestricted Funds Restricted Funds 2023 2022 Income and Expenditure Incoming Resourees Grants & Sundry Income JO,583 204.343 214,926 90,949 Total In¢oming Resour 10,583 204,343 214,926 90,949 Resources Expended Managemeni & Administration 338 69,342 69,680 109,993 Total Resources Expended 338 69,342 69,680 109,993 Net Incoming l (Outgoing) Resources 10,245 135,001 145,246 (19,044) Transfer between funds Balances brought forward l April 2022 10.107 10,107 29,151 Balances carried forward 31 March 2023 20,352 135,001 155,353 10,107 Page 5
Foyle Deaf Assoei2tion Balance sheet as at 31 March 2023 2023 2022 Notes Fixed assets Tangible assels 153.616 Current assets Debtors Cash at bank and in hand 11,812 I12,016 10,107 l23,828 10,107 Current liabllllies Other creditors Accruals l2l,251 840 10 122,091 Net current 4ssets 1,737 10,107 Total asset$ less Current Ilabllltles 155,353 10,107 Reserves Unrestricted Restricted 20,352 135,001 10,107 155,353 10,107 The trustees acknowledge their responsibility for ensuring ihat the charity keeps accounting records which comply with Ihe Charity Commission guid¢lincs and preparing fiJJancial statcments which give a true and fair view of the state of aifairs of the charity as at the end of the financial y&v. The Financial Statements were approved and auth0ri5ed for issue by the trustees on 19 tkcember 2023 and signed on its behalf by Page 6
Foyle Deaf Association Notes to the accounts for the yvar ended 31 March 2023 Accounting policios The principal accounting policies adopted in the preparation of the financial statements are set out beloiv and have remained unchanged from the previous year. and ako have been consistently applied withRn the same accounts. Aceoullting convention The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Stalement of Recommended Prdctice applicable to charities preparing their accounts in accordance ivith the Financial Reporting Standard applicable in the UK and Republic of Ireland Charities SORP 2019 (FRS 102), the Financial Reporting Siandard applicable in tlie UK and Republic of Ireland (FRS 102), Companies Act 2006 and Charities Aci (Northern Ireland) 2008. 1.2. Tanglble fixed assets and depreciation Tangible fjxed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off ihe cost or valuation less residual value of each asset over its expected useful life. as follows: Land and buildings Equipment 2% Strdight Line 200/0 Straight Line Income (i) Grants Grants represents all amounts received and receivable during the year. Capital grants are released to the profit and loss accounl in the year in which tl)ey a re¢eived in line wilh the SORP 2019 (FRS102).Capital grant of £140.000.00 received for pureliase of 60 Great James StreeL Derry) BT48 7DD. Revenu¢ grants are credited to the Statement of Financial Activities in the year they a received. (li) Donations & administration income. This comprises amounts received during the year. Expenditure (i) Direci Charitable Expenditure This represents all expenditure directly attributable to charitable causes. (li) Management & Administration This includes all other expenditure not directly allocated above and a portion of the overhead costs attributable to management and administration. Page 7
Foyle Deaf Association Notes to the accouDts for the ye2r ended 31 March 2023 Income 2023 2022 Restricted Income Department For Communities DFC Capital Grant ( Note 2) Derry City & Strabane District Council CLEAR Public Healih Agen¢y Extreme Compulers Community Foundation Nt 35,211 140.000 11.962 5,000 2,250 4,920 5,000 88,134 204,343 88,134 Unrestricted Ineome Sales untriCted 10,583 2,815 10,583 2,815 Total Income 214,926 90,949 (i) Rtstrieled Funds Funds received which are eamiarked by the funder for specific purposes. Such purposes are within the overall aims of ihe organisation. (li) Unrestrlcted Funds Funds which are expendable at the discretion of the &ssociation in furtheraft¢e of the aims of the charity. In addition funds tnay be held in older to finance capital investment and working capital. Page 8
Foyle Deaf Association Notes to the accounts for the year ended 31 March 2023 Resources Expended Unrestricted Funds Restricted Funds Total 2023 Total 2022 Management & Administration Wages & salaries Rent Cleaning Travelling ¢xp¢ns¢5 Programme expenses Insurance Light & heal Printing & atIonery Repairs & mainlenan¢¢ Telephone Sundry expenses Subscriptions Accountancy Bank charges Depreciation on property Depreciation on plant & machinery 11.742 4,556 3.131 40 3,131 110 110 43,246 1,100 2,940 493 8,614 525 1,001 373 1,420 156 2,833 3,698 43.246 1,100 2,940 493 8,614 525 929 373 1,420 72,947 483 1,495 11,542 383 5,942 72 687 216 156 2.833 3,698 338 69,342 69,680 109,993 Net Incomlng Resourees 2023 2022 Net incoming resources has been arrived at after charging. Depreciation 6,531 Staff nole The averdge number of [sonS employed by the company during the year amounted to Nil (2022 - 1). The aggregate payroll costs incutted during the year iveTe: 2023 2022 Wages and salaries 11,742 11,742 Taxation There is no charge to taxation as the &w)ciation h&s charitable status. Page 9
oyle Deaf Association Notes to the accounts for the yegr ended 31 March 2023 Tangible assets Land and buildings freehold Equipment Total Cost Addttions 141.659 18.488 160,147 At 31 March 2023 141,659 18,488 160,147 Depreciallon Charge for Ihe year 2,833 3,698 6,531 At 31 March 2023 2,833 3,698 6,531 Net book values At 31 March 2023 138,826 l4,790 153,616 Debtors 2023 2022 Grants due 11,812 10. Current liabiltties 2023 2022 Accruals 840 11. Mov¢menls in Funds At l April Ineoming Outgoing 2022 resource5 rosources At 31 March 2023 Restricted funds: 204.343 (69,342) 135,001 Total restricted funds 204.343 (69.342) 135,001 Unrestricted funds: General funds 10.107 10.583 (338) 20,352 Total unrestricted fi]nds 10.107 10.583 (338) 20,352 10.107 214.926 (69,680) 155,353 Page 10