COMPANY REGISTRATION NUMBER: NI632815 CHARifY REGISTRATION NUMBER: NIC104224 New Beginnings Charitable Foundation Company Limited by Guardntee Unaudited Financial Ststements 31 December 2019 PHELAN & PREscorr Chartered accountants River House Home Avenue Newry Co Do* BT34 2DL
New Beginnings Charitable Foundation Company Llmited by GuaAnt•• Flnanclal Statsmonts Yr endod 31 December 2019 Pago Statement of financial activities (induding inc4yne and expenditu a¢¢wnt) Statement of financial POSFtion Notes to the financial statements
New Beginnings Charitable Foundation Company LIMIt by Guaranteo Statsment of Financial Acliviti (including incom• and exponditurn accoun 31 December 2019 2019 2018 tunds Total funds Total funds Donations and Charitable acbvths Other trading aclNities Investrnt inw 218.553 11.173 70.054 146 218.553 11.173 70.054 146 228,902 40,843 54.847 92 Total incon 299.926 299826 324.684 Exp•ndllur• Expendf(ure on raisirwJ fvnds". Costs of other trading ts¥ll5 ExFendrture on dHritsbk ¥ti¥e$ Total •xpnditin 4,220 308,285 312,505 4220 10.11 262,971 262,971 312AOS Not lexp•ndlturnylncom• and n•t MOV• In funds {12.5791 112A79) 61,713 R•con¢lll•tlon of lund• Total funds brought foNrnrd Totsl funds urrl•d forw•vd 179,355 179.355 117,642 166,776 166.7Y6 179,355 The slaterrnt offinawal athits Iude$ all g•ns and losses in the year. All i?* and eXpWdthi derrrt from ¢tinU1 aapiibes.
New Beginnings Charitable Foundation Company Limited by Guarantee Statsment of Financial Position 31 0Mb•r 2019 Year to 31 D•c 19 1Api1810 31 Dec 18 FIX a$8•ts Tangible fixed assets 15 757 Ca$h al bank and in hand 168.324 180.095 N•t ¢urnnt ••••ts 168.324 180,095 Total a88•ts 1•88 curv•nl Ilablllll•8 1fj8,324 180.852 Crndllors: amoun18 f•lllng du• aft•r morn th•n on• y•ar 16 1.497 166.T16 179,355 Fund• of th• Charity Flesthcted ftjnds Unrestricted funds 437 178.918 166,776 166.T16 Total ch•rlty fund• 17 179.355 For the year ending 31 Decembw 2019 the charity vras entitl1 to 8x•nwb)n from audrt unJer $4¢ 477 of tho Conyni8s kt 2(K6 relaliThJ to snWI oJwns. Lh'reclors, reswnsibilitres.. The memter5 have not required Ihe company to obtain an audit of ils financial stalements ts the year in question in aCOJrdare with 476. The directors ackntyVge their respw$its'liis for c£thp]ying the requiremerts of the Act wrth res to xeounts.ng reLxJrrls and the preparalion of financial statements. cornpan subject lo the S11 companw. regirre. 18, and are sKJned on behaff of the by.. Jennrfer Annètt TrUSTEE N1 Dav•y TRUSTEE
New Beginnings Charitable Foundation Company Limited by Guarantee Notss to the Flnanclal Statsmonts Year ended 31 December 2019 G•n•ral Informat The chanty K8 a prr¥ale IKlWt8d try guarante8, wislornd in Northern Ireland and a regi$tered charty in Northem Ireland. The addfess of the 1$ 6 N¢w¢astt& Str¥¢L Ikeel, County DMI. BT344AF. Northem IrelarKI. These financial statements have tjeen prepared in ClianCe wrth FRS 102, The Financial ReForting Standard applicable in the UK and the Repu of IreLand', the Ststement of Recommwded PraCte lo charTrts preparirwJ ttw"r nts in ac¢ordan¢x wth the Financral Re.ng Stsndard appkabbe in the UK and Republ of Ire (FRS 1021 (Charities SORP IFRS 10211 and the Charrts A£t INThlhem Ireland) 2f A¢¢ountlng revaluation of certain financial assets and IK'libes aThJ investrwt properbes rreasured al fair value through incorre or expenditure. The finonoal slrrnts are Fyared in slwlirvJ. wlKh ts the furthnal TTenCY of the enty. Golng ¢onurn There are no unwlainties atwl the dwty's abilty to o)ntinue. Fund accoUnn9 Unrestrithd fiJn¢Js are avadable for Ltse at the d$c¥e1 of the trustees to fijrther any of the charity's wrFoses. DeswJnated fvjnds we unrestrKkn1 lunds marked by the trteeS for Partr fiJtUTe project or commttnnt Restricteil funds are sut¥'ecled to reslrKIKs on thef experhjrture dedwed by the donor or through the terffts ol an appeal, arnj I into one of Sut." restrthd income tund$ or endowrrnt fvnds.
New Beginnings Charitable Foundation Company Limited by Guarants Notss to the Finan¢i•l Statements (¢(thwdJ Year onded 31 December 2019 AJI incoming resour are included in the Stateffl of fmancial aciNities when entillement has will fl¢)w to the charity and the anN)unt Can be rdiabty ffeaSUd. Tr fdtrirvJ SFttific FO1leS a applied lo parbcubr Catego of irbcorre". gift receipt is probabbe and ils arTKJunt can be meagJreAI [dbty. legxy incoff is tecogned when recpt is yobable efttiuen is establtshed. incorre from ()nated g(d$ is rrnasureil a¢ ts fair rnlue of the gy>ts (tnW is impracbcal to measure relbty, in whKh case the value denved from the c05t to the donor the eslimated resa valuè. Eh)naked facilrtw and ser¥w a rwnised in the acctyjnts when re1ved rf the value be No aFThJunls are induded for the contribution of general Volunteers. in¢orr from nlts for ts suppty of seNus recognise(I with the delNery of the contrtKted servts. Thrs 15 dassif1 as unreslrthd fund5 unkn there a contractual requirement for it to be ¥wt on a partb%lar purFKise returned rf unsm in whth case it may be regarded 8$ restrthd. Exnrtu ts reccgnised an ac£nth as a1oto1ty is i1ed. Expenditure inchjdes any VAT whh cannot te TLer&I. and is dassrfP urKler headings of the statement of finarul aclNibes to whth rt rew." expendrture on raising lunds irKaudes the costs of all fundraising adNrbes, events. non<harilJle tralirBJ acbvilM. and the sak of d(MHted gcots. exrtUre on tharita vths indleS all rx)sts intsjffed ty a rtwrrty in undertaking acbvrt" that further rts Charrtab aims for the benefft of its benefaries, induding those other eY¥ndibj indudes all e%dire that 15 neilher relatejj to raisirKJ funds for the tharity nor part of its expenditure on chaiilable •XNrts. I costs are allocated to expendrbjre categcffts refflecng the LL8e of the resource. Direct costs attn"butsble to a acbvty are alhTht&J directy to that activty. Shar&J costs are apporboned betren the 1r¥itieS they contribute to on a reascYHfk. jusbfiatAe and nsIstenI basts. Tanglbh tt8•ty Tangible assets are initiaty red at ox( a1 sutwuenty stated at txst less any accumulated depieck4tffi and Irrpalrr kjsses. Any tsngibk assets carried at revalued anv)unts are fecorded at the fair value * the de of revaluabon less any subsequent accumulated depreTh8kn arKI subsequent JMud impawrrEnt bsses.
New Beginnings Charitable Foundation Company Limited by Guarantse Notes to the Financbal Statsments I Year ended 31 Decamb•r 2019 Accountlng polkl•8 Tanglbl• asMI• An increase in the Carrying arrUnt of an asset as a rewlt of a revaluatK)n. ts rects3nised in other recogntsed gains and kSes, unless it reverses a charge for impalmt that has prevKJusty teen recC4jneO as exrnIrtU 1n the statenwl of fina181 thit. A daSe in the carrying arUnt of an asset as a result of revaluat, is recc¥Jnised in other r8cc¥Jnised gains and k)sses. except to whth it offsets any pre¥KJus revaIlt)n gain, in case the is sh¢xn wthin other recognksed gains aTrJ k)sses on the Sltr offinarial acbvths. Depwatr" B calcuWe(I so as to wrrte off the o)st or waaOn ol an 8SSrf w its re$sUal value, over the usefijl econo life of that asset as folkThvs.'4 Years Strawjht Line A revw for Ind of iThyairment 15 (xThied Ixrt at eath rep.n9 d, with the reverab amount tseing estimated kn SLK indKztors exist Where the orrying value exceeds the ovefable arrunt. the asset is inwired accordThJty. Prior imw'rnwits are also revwod p)ssible reversal * e¥h reFKffb'ng d. For the purposes of impa1rrrI testir¥J. it is not Fwib to estimale the recovwab artnI of an indivbjual as an esb.mate is m of the recoverable annI of the sh-generating LTrnit lo whth ts asset beb)ngs. The cash-gener"ng unit is the srnallest Identifiab group of assets that includes the asset and generates Lash inflows that Largety independent of the inflchvs frcrfn other assets or groups of assets. For Impairnt testsng of gcnolI, the gc&Il acquired in a buwness combination is. from the quisthn dale. alkKated to ea of the cash-generkn"w unts that are expect&J to berfit from the Synergies of the nbination. wresFeth of whethw other assets or Ik4b'&libes of fv chanty are assNJned to those units. Flnanclal In•trum•nts A finanaal asset or a financial liabilty is rwnwj ontrjf when the chanty bg))mes a paty to the c¥)ntraclual provisitins of the instrument Basic finarbjal instruments are Initity Teojgniwj * th8 affnI rl¥able or payable including Current assets a1 current lialilths are ty$equ nsUj at the cash or other cx)nsK1efatKn eXPted to be PaKI re1ved and not discounted. Debt instrurrEnts are subsequenty measured at a)rSl cost ere inve51ments in shares are publKty or their fair value can otherwise be measured reliabty, the investnnt VJ $ubsequenty rrured at fair value wth changes in fair value recc4Jntsed in irKome and eXpdire. hjl other such WNestnnts are subsequenty nxasured at cost impalrnl
New Beginnings Charitable Foundation Company Limltad by Guaranta• Notas to the Financial Slatsments (Conth? Year onded 31 Dewnber 2019 Flnanclal In•tNmwts Other finartial instruments, iruding deMiatrS, a inrtiamy re(rynwJ at fair value, unless paymènt for an asset is deferred teyond r1 bugrw tern or finanwl at a re of interest that is not a market rate, in Wh the asset is at the present value of the fvture Paymènts di$Unted at a market rate of intefest for a siNLar debt instrUnw. Other financial Irments are Subseq measurwj * fair vdue, with any thanges ntsed in the Statent of financk81 ththes. wth the eXwts of rIng irtstruftnts in a denated hedging relationship. Financi81 assets that are rrsUrEd at (y1 or cyAt are reviewed fi)r obiecbve evidence of inwirn)ent at the end of each reporb.ng date. If there 1$ objthe eVKIet of impaimienl. an impainrent b)SS LS rwnL%ed under the headirwJ in the statement of fmanLyal es in whth the inrtial gain was r8c4nised. For 1 equity inStrnffts regardl of Swnlfts, and other finarwl 8ssets tho1 are indivKlualty signrfnl. these are assessed indrvidualty for impairrL Other financial assets are either assessed iThJNklualty C 91{0d on the bas of wrNlar ugjrt risk ¢har¥terlsb.. Any reversals of ImpalmnI are rned imnrd•. to the exlenl thal the reversal does rK)t resull in a TryIng anx)unt of the financ1 asset Vwt exceeds what the cafrying arrUnt would have been had the inyimnt not FXevM9 been r&x8ntsed. Limtt•d by gu•rnt Don•tlon• •nd 1•9a¢l Untr1 Totsl Fund• unrestric Total Funds FuThJs 2019 Funds 2018 Donations 46,6 46,690 9),552 90,552 35.097 37.328 37,328 spon1¥hIP Sponsorship 136.766 136,766 218.553 101.022 101,022 228,902 218.553 228.902
New Beginnings Charitable Foundation Company Limited by GuarnntO• Notss to tho Financial Statements Year ended 31 Decomber 2019 Charfl•bl• a1VIta•S unrestric Restrthd Total Fund8 Funds FuThls 2019 Grants Fundraising events 11.173 11,1n 11,173 11.173 Unrestri Restricted Total Funds Funds Funds 2018 Grants Fundraising events 40.843 40,843 40,843 Oth•r tradlng aclfvltl•s Unrestrcte11 Tot•1 Fund• Unrestrthd Total Funds Funds 2019 Funds 2018 Shop in¢on 70,054 70.OS4 54,847 54,847 Unrestrthd Tot•1 Fun0• UnrEStrthd Total Funds Funds 2019 FuThJs 2018 Bank interest Ie1vable 146 146 92 Unrestrthd T(tsl Fund• untrICted Totsl Funds Fur 2019 Funds 2018 Stsging events 4,220 4220
New Beginnings Charitable Foundation Company Limitod by Guarants• Nots8 to the Financial Statsments Year ended 31 Docembor 2019 10. ExndItUrn on charltabh adl¥ltlM ty fund typ• Unrestsicbj Restrthd Total Funds Funds Funds 2019 Uganda transfers and ljavel SupFort costs 254.465 53,820 254,465 53.820 308,285 308,285 Unrestrthj Restrthd Total Funds Fund$ Funds 2018 Uganda transfgrs arvj travel Supwrt costs 167,097 42,407 53.467 220.564 42,407 209.$04 53.467 262.971 11. Exp•ndlturo )n thafltabl• •ctMUM ty •thlty type Total fvnds 2019 Total fund 2018 dirKty Supwt L))sts Uganda transfws and travel Governance costs 254.465 52.619 1.201 259.232 3,739 1.201 254,465 53.820 262.971 12. Not l•xp•ndlturnYlnm Net leXFendrtuyln0Th $ stsled after thginty{uedth"rvJ).' 2019 2018 Dlation of tarwJit>le fued assets 757 821 13. Staff ¢08ts The tolal staff cJJsts and erryhjyee tenefA5 for the repNbng per are anatys&J as follows.. Period from 1Apr18to 31 Dec 18 Year lo 31 Doc 19 Wages and salaries 35,991 24.152 average heaj awnt of ernpry during the yrWa5 2 {2018.' 2). No empbyee r1ve1 enwk)yee berfits of t?e than £60.(KKI duriNJ the year12018'. Nill. -10-
New Beginnings Charitable Foundation Company Limitod by Guarnntse Notes to the Financial Statements (¢oJwdJ Year ended 31 DoClber 2019 No remunerabon reNeI Oy truslees durKry Ihe year. 15. T•nglbl• fmd aM¢ts Fixtures and fftting$ Totsl At 1 January 2019 and 31 O•C•m 2019 Depre¢ith>n At l January 2019 Charge for the year At 31 December 2019 3,282 3.282 2.525 757 2.525 757 3.282 3,282 Carrying amounl At 31 DK•mb•r 2019 At 31 December 2018 757 757 16. Crodltorn." amounts lalllng du• aft•r morn th•n on• ymr 2019 2018 Bank bans and overdrafts Accruals and deferred income Sccial securrty and other taxes 23 1,2 274 1,497 17. Anatysls of ¢h•rtt•bl• fund• Vnr•8trict•d fund• At 31 Dec•mb•r 2019 l January 201 In0Y ExPendre General fvnds 179.355 299.926 1312,5051 1fj6,T16