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 Y￿r 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 Investr￿nt 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¥ll￿5 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 slaterr*nt offinawal athit*s I￿ude$ 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 0￿Mb•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 entitl*1 to 8x•nwb)n from audrt un*Jer $4¢ 477 of tho Conyni8s kt 2(K6 relaliThJ to snWI oJwn*s. Lh'reclors, reswnsibilitres.. The memter5 have not required Ihe company to obtain an audit of ils financial stalements ts the year in question in aCOJrdar￿e with 476. The directors ackntyV￿ge their respw$its'lii*s 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 S￿￿11 companw. regirre. 18, and are sKJned on behaff of the by.. Jennrfer Annètt TrUSTEE N￿1 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 C￿lianCe wrth FRS 102, The Financial ReForting Standard applicable in the UK and the Repu￿￿ of IreLand', the Ststement of Recommwded PraCt￿e lo charTrt*s 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 Charrt*s 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 sl*rr*nts 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 accoUn￿n9 Unrestrithd fiJn¢Js are avadable for Ltse at the d$c¥e1￿ of the trustees to fijrther any of the charity's wrFoses. DeswJnated fvjnds we unrestrKkn1 lunds *marked by the tr￿teeS for Part￿￿r fiJtUTe project or commttn*nt Restricteil funds are sut¥'ecled to reslrKIK￿s on thef experhjrture dedwed by the donor or through the terffts ol an appeal, arnj I￿￿ into one of ￿ Sut￿." restrthd income tund$ or endowrr*nt 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 ffeaSU￿d. Tr fdtr*irvJ SFttific FO1￿leS a￿ applied lo parbcubr Catego￿ of irbcorre". gift receipt is probabbe and ils arTKJunt can be meagJreAI [d￿bty. legxy incoff* is tecogn*ed when rec*pt 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 rel￿bty, 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 r￿e1ved rf the value be No aFThJunls are induded for the contribution of general Volunteers. in¢orr* from ￿n￿l￿ts for ts suppty of seNus ￿ recognise(I with the delNery of the contrtKted servts. Thrs 15 dassif￿1 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. Ex￿n￿rtu￿ ts reccgnised ￿ an ac£nth as a1oto1ty is i1￿￿ed. Expenditure inchjdes any VAT wh￿h cannot te T￿L￿er&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. nonle 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 ernp￿ry￿ during the y￿rWa5 2 {2018.' 2). No empbyee r￿1ve1 enwk)yee ber*fits of t?￿e than £60.(KKI duriNJ the year12018'. Nill. -10- New Beginnings Charitable Foundation Company Limitod by Guarnntse Notes to the Financial Statements (¢oJ*wdJ Year ended 31 DoC￿lber 2019 No remunerabon r￿eNe￿I 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¢i*th>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￿ ExPend￿re General fvnds 179.355 299.926 1312,5051 1fj6,T16