Charity reglstratlon number 103828 Company reglstratlon number N1613051 (Northern Ireland) ACTION FOR COMMUNITY TRANSFORMATION INITIATIVE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACTION FOR COMMUNITY TRAN,SFORMATION INITIATIVE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr W Hutchinson Rev Dr G Mason Mr T Harrison Mr R tv1cMurray Charlty number 103828 Company numb N1613051 Rogistered offlce 178-18CI Shankill Road Belfast Co. Aritrim Unlted Kingdom BT13 28H Auditor AAB Group Accountant5 Limited 1 3 Arthur Street Belfa51: Co. Antrim Northern Ireland BT14GA Bankers Dan5ke Bank PO Box 183 Donegall Square West BT1 6JJ Co-operative Bank Busine.ss Customer seNices PO Box 250 Skelmersdale ACTION FOR COMMUNITY TRANSFORMATION INITIATIVE CONTENTS Pa Trustees, report Independent auditor's report ststement of financial activities Balance sheet 10 Notes to the financial statements 12-25 ACTION FOR COMMUNITY TRAN,SFORMATION INITIATIVE TR.USTEES' REPORT (INCLUDING DIRECTORS. REPORT) FIgR THE YEAR EIVDI..D 31 DECEMBER 2023 The trustees present their annual report and audited financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in 'qote 1 to the financial statements and comply with the ch¢ll'ity's governing document, the Companies Act 2006 and 'Accounting and Reporting by Charities: Staterr,ent of Recommended Practice applicable tci charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Re.public of Ireland IFRS 11}?)" (as amended for accounting periods commencing from 1 January 20191. Objectives and activlties TFie Belfast Agreement (1998) has necessltated e?gaging in post conflict transformation Includin(J, prisoner relpase and reintegration, decommissioning, police reform and economic investment. Within thi:. broader coritext Action for Community Transformation (the ACT Initiative) emerged. Essentially, the ACT Snitiative is a transformation process wh1￿h support5 former Ioyd115t combatants on the l'oad from conflict to pe(>i-e. Since its inception in 2007, ACT Initiative has engaged hundreds of former coml>4)tants and is currently ¢¥lJlVOrting 8 groups across Northern Ireland, with 1 central coinmunity hub in Belfast Gind 1 5ub-office in Nortb, Ulster. Thls trustees have paid due regard to guidance issiied by the Charity Commission in deciding what activities the charity should undertake. Achièvernent$ and performance In broad terms, there are a number of significant initiatives throughout this year which are stratecjic to the development of ACT Initiative and presented under three themes. Wcimen in Peacebuildin Wi1.'h having a main objective of increasing the participation of women in peacebuilding, this reporting pei'iod has been significant in this respect with tle women involved within ACT Initiative embri)cing the challenge, Crucial to tlii5 has been the individual development of our temale coordinator who ha5 b￿n extremely motivational in recruiting other women to the programme and accepting the opijortunities presented to her to improiie her own capabilities. In doing so, she has dpmonstrated clear leadership skills and now designs our i.vornen's practice. Examples of what the group have been involved in this year include,. A regional outreach programme to recruit other women, successful in Londonderry, Coleraine, Ballymena, Larne and Carrickfergus., a shared historyi project in Belfast, aLI'OSS the 'peace line, with women froim the neighbouring ccmmunity, Clonard,. playirg a vital role in organiriing tsjo festivals for the Shankill cornmunity, summer and winter, attended by D￿er 10,000 people,. edii(ational visits to south Armagh, Loiidonderry and Dublin,. an after-school proje(:l. with children and tlii.ir carers, in collaboiation with Stranmillis teacher trainin9 college.. attendance at a variety of international exchangeslconferences including Liverpool, Columbia, Boston and Washington. ACTION FOR COMMUNITY TRANISFORMATION INITIATIVE TRUSTEES. REPORT (INCLUDING DIREI=TORS' REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Conflict Transformation Repeatedly, it is reflected that this aspect of ACT'S work often goes unrecorded because of its sensitive and corifidential nature. Desr.ite this, the work is underpinned by mitigating tle potential risk to peoF4e and property. In doing so, niost of our partnership working involve5 liaisinq with others to inteNene when individualslfamilies are at risk. Whilst this tyoe of work in communities usually requires a restorative api)roach, our well-established collaboration with Alternatives (a rest.)rative justice projectl makes it incumbent on groups such a5 ACT to help out, a responsibility whicli we are happy to accept. The additional main focus of our work in this perioc has been the developnient of our cultural model BCN, wlierein we successfully erigaged 16 communities iii self-regulatory culturc-,l expressions, relating to 11 th July bonfires and the resurgence of our volunteer basiJ Wlth two successful training initiatives involving over 30 ne.lv participants. Leadershi and Diversi Evidence of the project strengthening leadership is in our coordinatois and volunteers, ability to sustain groups and individuals, iii engagement with others. on issues requirincJ community leadership, As our events and activities demonstrate, this is evident in engaging 'hard to renfire5 and cultural traditions, exploring non-violent approaches to r?nflict using the principles and practices of Restorative Jijstice, working on new interface engagemerits, communicating with poSitical representatives from across the political spectrum, pngaging consistently w'ith the PSNI and encouraging and SUFlPOrting women to engage in peace-building ini-iatives. In doing so, our staff and volunteers continue to dÉimonstrate leadership ir relation to our project proposal. For exgmple, we have on-going cross- cornmunity Legacy projects being facilitated at oijr Visitor Centre and other venues, we continue with our road-safety and anti-dnjg campaign on a regional basis, and we continue to engage in meetings, when requested, with for exami)le, the Northern Irelancl Office, Foreign Commonwealth & Developmeiil Security Oftice and the Independent Reporting Commissiori. Flnanclal revlew The financial statements for the financlal year show total income and endowments as £662,857, (2022: £=99,1121 total re50urces pxpended as £614,687, (2022.. £406,496) with net income resources at £48,170, (2,)22: Deficit of £7,384) lis a charity we are exeI￿pt for VAT purposes a id most of our restricted finances c,rne from four funding sources, namely the Joseph Rowntree Charitable Trust - JRCT, the In1.Limational FLrid for Ireland - IFI, The Big Lottery Dormant Accounts Fund and The Fxecutive Office, 'Communities in Transition,. Additional res-ricted and unrestricted nominal fees are occasionally paid by organi%¢ltions we apply to for programme costs or groups who avail of our services. At 31 December 2023, the charity had total funds of £155,374 (2022.. £107,204). Of these funds £127,457 was held for restricted purposes and not available for general purposes. ACTION FOR COl¥lMUNITY TRANSFORMATION INITIATIVE TRUSTEES. REPORT (INCLUDING DIREfTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Reserves Pollcy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to one month's expenditure. The trustees considers that ieseNes at Ihis level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities ifyhile consideration is gii4en to ways in which additional funds may be raisèd. Tl)e charity has free reseNes of £22,530 1202?: £24,247} which reprp.>ents 7 months of unrestricted expenditure on charitsble activities. Rlsk TPie trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in i)lace to mitigate exposijre to the major risks. Plans for Future Periods This year, 2023, completes our fifth and final year of programme funding fr()m International Fund for Ireland IFI, for our ACT 'Peace Impact Programme,. Huvl'ever, our BCN model is also funded via IFI and will be a Sl9nificant feature of our Firactice for 2024. We coritinue with the development of our central office as a Cammunity Hub/visitors' <-entre, with funds from The Big Lottery 'Dormant Funcj, being utilised by <1 broad range of setvice users and group5. and our CIT ex-prisoner project. Finally, in 2024, we hope to purcliase the building via a 'Neighbi)urhood Regeneration Fund, with the Belfast City Council, thus improvinq our SU5tainability. Structure, governance and management Acr Initiative is a regi5tei.ed Northern Ireland Charity and a Limited Coi'npany by Guarantee. A Board of Directors and Advisors meet quarterly to oversee the governance ancl accountability of ACT Initiative Directors are nominated and seconded each ye(Ir at our AGM and Advisors are invited based on thélr exFiertise/ experience. In i)artnership with the project Director and a strategic review group, annual plans are developed to implement tl)e airns and objectives of ACT Initiative in paiti)ership and collaboration wrih all cornmunities we have pri)jects in. This is di55eminated by our Èmployed/volunteer organiiiers who coordinate community projects via our Area Action Groups. The organisers meet monthly to shale practice and build cohesion. The project Director manages all aspects of practice. Thp trustees, who are also the directors for the puri)ose of company law, and who served during thp. year an(1 up to the date of signature of the financial 5t3tements were: Mr W Hutchinson Rv.v Dr G Ma50n Mr T Harrison Mr R Mcmurray Mr T Robert5 Mr T Winstone Mrs T Pollock (Resigned 20 April 20241 {Resigned 24 April 20231 {Re,signed 28 February 2024} ACTION FOR COMMUNITY TRANSFORMATION INITIATIVE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (I=ONTINUED) FOR THE YEAR ENDFD 31 DECEMBER &1023 Statement ot trustees. responsibilitles Ttrie trustees, who are also -. he directors of Action ror Community Transformation Initiative for the pijrpose of Company law, are responsible for preparing the Ti'iistees, Report and the financial statements in acciydance with applicable law and United Kingdom Accaunting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company Law requires thp trustees to prepare financial statements for eaLh financial year which give a true ari(1 fair view of the stal'e of affairs of the ch¢irity and of the incomiiig resources and application of resources, including the income and expenditure, of the charitable company for that year, In preparing these financial statements, the trustee¢ are required to: select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charitips SORP, ryiake judgements and e:;limates that are reason¢il)le and prudent; state whether applicable UK Accounting Standarcs have been followed, subject to any material departures di):losed and explained in the financial statemenl%,' and prepare the financial statements on the going concern ba515 unle55 it is inappropriate to presume. that the charity will continue in ope'ation. Thp trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial st'atanents comply with the Companies Act 2006. They are al >0 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevEintion and detection of fraud and other irregularities. Aijdltor In i?ccordance with the company's articles, a resolution proposing that AA8 Group Accountants Limlted be reappointed as auditor of lie company will be put at a General Meeting. Disclosure of informationi to independent examiner Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the independent examininion, C(Jinclusion$ relating to going concern In auditing the financial statements, we have con(luded that the trustees, use of the going concem basis of accounting in the preparation of the financial state,ments is appropriate. Based on the work we ha'i? performed, we have not identified any materSal uncertainties relating to events or conditions that individuallji or collectively, may cast significant doubt on the charity's ability to continue as going concern for a perio(l of at least twelve months from when the firancial statements are authorised for IS•rue. Oijr responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ACTION FOR CONIMUNITY TRANSFORMATION INITIATIVE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TC> THE TRUSTEES OF ACTION FOR CCIMMUNITY TRANSFORMATION INITIATIVE 01ther Informatlon The other information comprises the informaticn included in the annual report other than the financial statements and our auditu s report thereon. The tru5tee5 are responsible for the other information contained Imithin the annual report. Our opinion on the financial statements does not cover the other informatDn and we do not express any form cif assurance conclusion thereon. Our responsibility is to read the other intormation and, in doing so. consider whether the other inforiiiation is materia51y inconsistent with the financial ststements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstaled. If we identify Such rnaterial inionsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based i?n the work have performed, we conclude that there is ¢1 material misstatement of this other informètion, we are required to report that fact, We have nothing to reporl in this regard. Mètters on whlch we are I'equired to report by exception W& have nothing to report in respect of the folloiving matters in relation tJ whlch the Charities IArcount5 and Rei)orts) Regulations 2008 require us to report to Jau if, in our opinion.. the information given in the financial statements is inconsistent in aiiy material respect with the trustees, report,. or sufficient accounting records have not been k.gPt,' or the financial statements are not in agreement with the accounting rerords,. or we have not received all the information and .2xplanation5 we require for our audit. Responslbllitles of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also th￿ directors of the charity for the purpose of company law, are re< ponsible for the prepaiers taken on the basis of these financial statements. Irregularities, including fraud, are instances of n¢n-(.'ompliance with laws and regulations. We design procedures in line with our responsikiilities, outlined above, detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, inclucing fraud is dL,lailed below.. We developed an undersl'.tees on Mr W Hutchinson Tritstee Company registration number N1613051 (Northern Ireland) 10- ALTION FOR COMMUNITY TRANSFORMATION INITIATIVE srATEMENT OF CASH FLOWS FOR THE YEAR ENDFD 31 DECEMBER 2023 2023 2022 Notes Cash fiows from operatlng actlvitl•s Cash (absorbed byllgenera-.ed from operations 12,279) 91,466 Investin9 actlvltles Purchase of tangible fixed a55et5 Investment income received (6,3761 25 (674) Net cash vsed In investln9 4¢tivitlas (6,351) (6741 Net cash uged in flnanclng activltles Net (d•crease)/lncr•ase In cash and cash equlvalents 18,6301 90,792 Cilsh and cash equivalent5 at beginning of year . 65,023 74,231 Cash and cash equlvalents at and of year 165,023 11 ACTION FOR COMMUNITY TRANSFORMATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS FICYR THE YEAR ENDÈD 310ECEMBER 2023 Accounting policies Charity information Action for Communitji Transformation Initiative is a private company limited by guarantee incorporated in Northem Ireland. The regislered office is 178-180 Shankill Road, Belfast, Co. Antrim, BT13 2BH, United Kingdom. 1.1 Accountlng ¢onv•nilon The financial statemiants have been prepared in accordance with thp charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charit1es.' .>tatement of Recommended Practice applicable to charities preparing their accuijnts in accordance wit.h the Financial Reportir)g Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019)" The charity is a Public Benefit Entity as defi ned by FRS 102. The financial statemE!Ilts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these fin,ancial statements are rounded to the nearest £. The financial staternents have been prepered under the historical cost convention, The principal accounting policie5 aclopted are set out below. 1.2 Going concern At the time of approving the financial stateinent5, the trustees havÉ! a reasonable expectalion that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concerii basis of accounting iii preparing the financial statements. 1.3 Charltable funds Unrestricted funds arp available for use at tkii! discretion of the trus-, É*s In furtherance of thfrir charitable objectives. Restricted funds are subject to specific condi lions by donors or grantors as to how they may be used. The purposes and use5 of the restricted funds aro set out in the notes to the financial statements. 1.,4 Income Income is recognisecl when the charity is legally entitled to it after any performance conditions hwe been met, the amounts can be measured reliabl>, and it is probable that irir.ome will be received. Cash donations are iecognised on receipt. Qther donations are rei Dgnised once the charil.y has been notified of ihe donation, unless performar.ce conditions require deferral of the amount. Income tax recoverable in relatii)n to donations receiiiej under Gift Aid or deeds of covenant is recognised at the time of the donation. 12- ACTION FOR COMMUNITY TRAhlSFORMATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDfD 31 DECEMBER 2023 Accountlng pollcles (Continued) 1.5 Expenditure Expenditure is recogriised once there is a leaal or constructive obliqation to make a payment to a third party, It is probable that settlement will be i-equired and the amount of the obligation can be measured reliably. Expenditure i.s classif led under the following activity headings: Expenditure i)n charitable activities includes the costs of (Ictivities undertaken to further the purposes of the charity and their associated support costs Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incur'ed. 1.6 Tanglble fixed a55ets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any tmpairment10sses. Depreclation is reco(Inised so as to write off ..he cost or valuation ol assets less their residu ounted at a market tstp of interest. Financial assets classified as receivable within one year are not amortised. Basic finan¢lal liabilitles Basic financial liabili':ie5, including creditors and bank loans are initially recognlsed at transaction price unless the arrangement constitutes a financiiig transaction, where the debt instrument is measured at the present value of the luture payments discouilted at a market rate of interest. Financial liabilities classified a5 payable within one year are not amortiseo. Debt instruments are subsequently carried al amortised cost, Using tFie effective interest rate nethod. Trade creditors are obligations to pay for goods or services that triave been acquired in 1.he ordinary 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 a5 non-current liat*ilities. Trade creditors are. recognised initially at transaction price and Subsequent￿ measured at amortlied cost using the effective interest method. Derecognltion ol fiiiancial liabllllies Financial liabilities are derecognised when the charity's contractual obligations expire or are clischarged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlemenl is recognised in the pei'iod in which the employee's sepiice5 are received. Termination benefits a￿ recognised immediately as an expense when the charity is (Iiamonstrably committed to terminate the employment of a1 employee or to provide termination benefits. 1.11 Rètlrement benèfits Payments to defined contribution retirement benefit schemes are charged as an expense as tliey fall due. 14- ACTION FOR COMMUNITY TRANISFORMATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 DECEMBER 2023 Critlcal accountin9 e.'5tlrnate5 and judgements In the application Df the charity'5 accounting policies, the trustees are required to make judgemffits, estimate5 and assuinptions about the carwy'ing amount of assets and liabilities that are not readily apparent from othL' sources. The estimates and as50ciated assumptions are based on historical experience and othei. factors that are consiijered to be relevant. Ilctual results may differ from these estimates. The estimate5 and Liiiderlying assumption5 cre reviewed on an ongoing bas￿5. Revisions to 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 botli current and future periods. 15- ACTION FOR COMMUNITY TRAhlSFORMATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable artlvitles unrestricted IntOM• 2023 Resiricted Income 2023 Total Unf¢¥trlcted 2023 Income 2022 Restricted Income 2022 Total 2022 Performance related grants Other income 622,289 622,289 40,543 24,560 3,010 371,542 396,102 3,010 40,543 40,543 622,289 662,832 27,570 371,5d2 399,112 Analysis by fund Unrestricted funds Restricted funds 40,543 40,543 622,289 27,570 27,570 371,542 6?2,289 371,542 40,543 622,289 662,832 27,570 371,542 399,112 Perfarmance related grants Joseph Rowntree Charitable Trust International Fund for Ireland Social Enterprise TEO sci ANBC Nl Alternatives Mid Ulster Council Belfast City Council Other 73,741 73,741 56,631 56,631 409,473 49,907 52,811 1,700 12,584 409,473 49,907 52,811 1,700 12,584 176,514 17,789 102,654 4,300 7,676 176,514 17,789 102,654 4,300 7,676 11,000 8,100 5,978 5,460 11,000 8,100 7,000 15,073 7,000 15,073 5,978 5,460 622,289 622,289 24,560 371,542 396,102 16- ACTION FOR COMMUNITY TRANSFORMATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EJVDFD 31 DECEMBER 2023 Income from Investments Unrestricted Unrestrlrted funds funds 2023 2022 Interest receivable 25 17- AI=TION FOR COMMUNITY TRANSFORMATION IIqITIATIVE N()TES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDfD 31 DECEMBER 2023 Charitable activitiés Unrestricted Restricted Expenditure Expenditure 2023 2023 Total 2023 Total 2022 Staff costs Programme Costs Light & Heat General 8ank Fees Training Travel Computer Expenses Printing, Posting & Stationary Entertainment Subscriptions Direct Expenses Subcontractor Cost5 392,422 138,621 2,061 392,422 146,490 4,136 6,621 89 35 1,519 108 632 420 262 266 30,322 200,662 129,219 6,512 7,869 2,07S 6,621 57 35 638 108 448 420 262 266 32 88 881 184 30,322 38,487 18,799 564,523 583,322 374,968 Share of support costs (see note 6) Share of govemance rosts (see note 6) 11,220 7,400 11,495 1,250 22,715 8,650 25,634 5,894 37,419 577,268 614,687 406,496 Analysls by fund Unrestricted funds Restricted funds 37,419 37,419 577,268 56,555 349,941 577,268 37,419 577,268 614,687 406,496 For the year ended 31 DecembEr 2022 Unrestricted funds Restricted funds 56,555 56,555 349,941 349,941 56.555 349,941 406,496 18- ACTION FOR COMMUNITY TRANSFORMATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs allocated to activitles Unrestricted 2023 Total 2022 Depreciation Rent & Rates Telephone Insurance Printing, Postage & S':ationary Donations Advert15ing Repairs Governance 1,807 16,974 817 1,867 920 20,034 1,787 1,701 805 220 1,250 167 5,894 8,650 31,365 31,528 2023 2022 Governance costs cornprlse: Audit fees Legal and professiona I Accountancy 7,000 250 1,400 4,188 1,706 8,650 5,894 N•t movement In funds 2023 2022 The net movement in funds is stated after charging/(crediting): Fees payable for the audit of the charity's financial 5taternents Depreciation of owned tangible fixed assets 7,000 1,807 920 Trustees None of the trustees lor any persons connected with them) received any remuneration or l)enefits from the charity during the year. 19- ACTION FOR COMMUNITY TRANSFORMATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employees The average monthly number of employees during the year was: 2023 Number 2022 Number 12 ALTION FOR COMMUNITY TRANSFORMATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employee5 {Contlnued) Employment cost5 2023 2022 Wages and salaries Social security costs Other pension costs 276,135 101,209 15,078 138,361 49,264 13,037 392,422 200,662 No ernployee receiveij remuneration of more than £60,000 during the year (2022-N IL). l(1 Taxatlon The charity is exempt from taxation on it£￿ activities because all i*.s income 15 applled fcr charitable purposes. 11 Tangible fixed assets Pljnt and •quSpment Cost At l January 2023 Additions 7,152 6,376 At 31 December 2023 13,528 Depreclatlon and Impalrment At 1 January 2023 Depreciation charged in the year 5,890 1,807 At 31 December 2023 7,697 Carrying amount At 31 December 2023 5,831 At 31 December 2022 1,262 21 ACTION FOR COMMUNITY TRANSFORMATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Debtors 2023 2022 Amounts falllng due within one year. Trade debtors Other debtors 400 1,400 3,595 1,800 3,595 13 Credltors: amounts falllng due wlthln one year 2023 2022 Nat•5 Deferred Income Accruals 57,561 5,115 8,650 8,650 62,676 14 Rotlr•m•nt b•neflt s¢h•m•s 2023 2022 Deflned contrlbutlon schemes Charge to profit or105s in respect of defined contribution schemes 15,078 13,037 The charity operates a defined contrlbutlon penslon scheme for all qualifying employees, The asset5 of the scheme are held separately from those of the charity in an independently administered fund. ACTION FOR COMMUNITY TRAN'ISFORMATION IIqITIATIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDI-.D 31 DECEMBER 2023 15 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used, At l January 2023 Incoming r•sour<•s Resources •XF>ended Transfers At31 December 2023 19,907 19,907 Joseph Rowntree Charitable Trust International Fund for Ireland Social Enterprise Belfast City Council sci Ulster Scotts Agency Community Foundati()n TEO ANBC Clear grants 2,796 67,86C 73,741 409,473 30,000 7,OCN) 1,700 533 14,540 52,811 12,584 (53,3771 {391,8951 117,5851 (3,6581 23,160 85,438 12,415 3,342 1.700 15331 (4,2251 l¢)1,3651 113.3721 11,2581 10,315 (27,1281 (7881 (9041 11,42 354 82,43E 622,289 (577,2681 127,457 Prevlous yéar: At l January 2022 Incomlng r•sour<•s R•sour¢•s •XF>•nd•d Transf•rs At31 D•c•mber 2022 Joseph Rowntree Charitable Trust International Fund for Ireland Social Enterprise Belfast City Council sci TEO ANBC 56,631 176,514 17,789 5,978 4,300 102,654 7,676 (53,8351 {' Jf7,0351 117,9121 (5,9781 (4,3001 (: 03,2051 (7,6761 2,796 67,860 354 48.381 477 26,33E {14,3591 11,426 75,194 371,542 349,941 {14,3591 82,436 -23- AfTION FOR COMMUNITY TRANI,SFORMATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER £1023 16 Unrestricted funds The unrestricted fund> of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. Tliese include designated funds whirh have been set aside out of unrestricted funds by the trustees for speiific purposes. At l January 2023 Incoming resources Resources expended Transfers At31 December 2023 General funds 24,76e 40,568 137,419) 27,917 Prevlous year: At l January 2022 Incoming r150urce5 Re￿UrceS expended Transfers At31 D•<•mber 2022 General funds 39,394 27,570 156,5551 14,359 24,768 17 Analysls of n•t assets between funds Unreslrlcted funds 2023 Restrlcted funds 2023 Total 2023 At 31 December 2023: Tangible assets Current assets/(liabilities) 5,387 22,530 5,831 149,543 127,013 27,917 127,457 155,374 Unreslricted funds 2022 Restrirted fvnds 2022 Total 2022 At 31 December 2022: Tangible assets Current asset5/{liabilities) 521 741 81,695 1,262 105,942 ',?4,768 82,436 107,204 -24- ACTION FOR COMMUNITY TRANSFORMATION INITIATIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDLllD 31 DECEMBER 2023 18 Related party transaLtlons There were no disclosable related party transactions during the year 12022 - none). -25-