Blythswood Ireland Limited Statement of Financial Activities for the Year Ended 31 Deceniber 2022 (Includiug Income and Kxpenditure Account and Statement of Total Recognised Gains and Losses) Total Unrestricted Restricted Note Income and Endowments from". Donations aiid legacies Charitable actLVities Other trading activities Other incomtr 74,468 11,753 1,019,057 864 1,019,057 864 I,106,142 Total Income 1,06J,010 Expeiiditure on: Raisinty funds Charitable activities (784.172) (114,996) (899,168) (4,985) (43,132) (789,157) (158,128) Total Expenditure N¢t incomel(expenditur¢) Net moveiTJent in funds (48.117 (947,285 163,S42 (4,985) 158,857 l63,842 (4,985) 158,857 RecoiicilTSltion of funds Total fLinds brouuht forwaTd 809,227 4.985 814,212 Total ￿lldS carried forward 21 973,069 973,069 The notes on paoes 16 to 29 fonn an integral part of these f￿ancial statements. Page 12 Blythswood Ireland Limited Stsltement of Financial Activities for the Year Ended 31 December 2022 ncluding Income and Expenditllre Account and Staten]ent of Total Recognised Gains and Losses) Prior Year 2021 Unrestricted funds Restricted funds Total 2021 Note Income 2nd Endowments from: Donations and letsa¢ies Charitable activities Oth¢r trdding activities Investment income Other in¢ome 26,627 14,043 654,068 191 288,614 26,627 654,068 191 288,614 Total ii)come 98),54J 983,54J Expenditure on: Raisinu funds Charit1¢ ble activities (710,583) (92,289 (11,700) (722:28J) {92,289) Total expenditure Net incomel(expendirure) Net movement in funds (802,872) 180,671 (11,700) (814,572) (11,700) 168,971 180,671 (11,700) 168,971 Reeoneiliation of funds Total funds brouttht for￿.￿rd 628,556 16.685 645,241 Total Funds ca￿led forward 21 809,227 4,985 814,212 All of the charity's activities derive from continuin(t operations durinu the above two periods. Tlie funds brealOt exceeding £1 towards the assets of the charity in tlie ¢vent of IiqLEidation. Th¢ address of its registered office is- 9? Teinplepatriclc Road Ballyclare Co AntriiT) BT39 9RQ These fiiiancial statements were authorised for issue by the trustees 011 2J May 2023. 2 Accounting policies Summa ry of sigiiifieant accountiiig polieies and key aeeounting estimates The principal accountino policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented. unless othenvise stated. Statement of compliance The financial statements liave been prepared in accoi'dance with Account?ng and Reporting by Cliarities: Statetnent of Recoinmended Practice (applicable to charities preparints their accoiints iii accordance witli the Finaiicial Reportin(y Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charities SORP {FRS 102)), the Financial Reportinit Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparatio Blythswood Ireland Limited meets the definitiot) of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unl¢ss otherwise stat¢d in the rel¢vant accountin policy Iiotes. Gosng eoneern The trustees CQT)side¥ that there are no material uncertainties about the charity's ability Èo coniinue as a Croints concerii nor any sioiiificant areas of uncertainty that affect the carrying value of assets held by the charity. Judgements In the application of the Chariiy's accounting policies, t￿SleeS are required to make judgements regarding the Inarlcet value of specific donated items which are recoonised in the statemeTJt of finaiicial activities. Tliese judoemeiits are based on the estiinated rnarket values of tl)e equipment and (roods. The judgements are reviewed on all oncfoinu basis. liieome and endowments All income is recotynised once the charity has entitlernent to the income, it is probable that the income will be received and tlie amount of the income receivable can be measured reliably. Paoe 16. Blythswood Ireland Limited Notes to the Financial Statements for the Year Ended 31 December 2022 DoHations und lef¥llcies Donations are recocfllised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditiong that requiTe a level of performance by the charity befoTe the charity is entitled to the funds, the income is deferred and not recognised until either those ¢ondition5 are fully met, or tli¢ fulfilinent of thos¢ Conditions is wholly within the control of the ¢haTity and it is probable that these conditions will be fulfilled in the reportino period. Expeiiditure Rrtisingfiinds These are costs incurred iii attracting voluiitary income: the inanats¢ment of investments and those incurred in trading activities tliat raise funds. Cliuritable aciiviÈicy.s Charitable expendittire comprises those Costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can b¢ allocated directly to such activities and thos¢ costs of an indirect nature necessary to support them. Support Costs Support costs include central funclions and have been allocated to activity cost cate¢yories on a basis consistent with the use of resouTces, for example, allocating property costs by floor areas, or per capita, staff costs by the liine spent and otlier costs by tlieir usage. Covern2nce costs These inclLidt the costs attributable to the charity's cornplian¢e with constitutTonal and statutorv requirements, includino audit, strategic manatsement and trustees IT)eetin(ys and reiinburs¢d expenses. Taxatioii The chaTity is consid¢red to pass the tests set out in Para(ryaph I Schedule 6 of the Finance Act 2010 and therefore it Ineets the definition of a ¢liaritable company for UK corporation tax putposes. Accordin(rly, the charity is poteiitially exeinpt froin taxation in respe¢t of income or capital oains received witliin cacettories covei-ed by Chapter ? Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxatioii of Charoeable Gains Act 1992. to the extent that su¢li income or gain5 are applied ex¢lusively to charitable purposes. Tangible fixed assets Individual fixed assets ¢OSting £100.00 or more are initially recorded at cost. Depreciation and amortlsation Depreciaiion is provided oli tanuible fixed assets so as to Write off the cost or valuation: less any estimated residual value, ovei. their expecfrd useful eeonomic life as follows.. Page 17 Blythswood Ireland LRmi*ed Notes to the Flnancial Statements for the Year Ended 31 December 2022 Asset class Freehold property Leasehold property Furniture and equipment Motor v¢hicles DepreciatTon method aiid rate SlraiJ(r t line over fity years I 00/0 Reducino balance 250/0 Reducing balance 25 % Reducintr balance Impairment of fixed assets Assets not carried at fair value aTe also reviewed for impairment whenever events or chancres in circumstances indicate that the carrying atnount may not be recoverable. An impairnieT)t loss is recoonised for the amount by which the asset. s carryino ainount exceeds its recoverable ainount. The recovei-able amount is th¢ hitther of an asset's fair value less costs to sell aiid value in use. Value in use is deflned ￿ tli¢ present value of the future pre-tax and int¢rest cash flows obtainable as a result of th¢ assel"s contiiiued use. The pre-tax and interest cash flows are discounted iisinty a prt-tax discount rate that represents the cunent Lnarlcet risk free risk and the risks inherent in the asset. For the purposes of assessing impairmenL assets air (Frouped at the lowest levels for which there are separately identifiable cash flows (cash-oeneratino units). If the recov¢rable amoLint of the asset (or asset's cash tyenei-ating unit) is estimated to b¢ loiver than rhe carrying ainount, the carrying ainount is reduced to its recoverable ainount. An impairinent loss is recotsnised iii the stateinent of financial activities. Stocli stock is valued at the lower of cost and estimated sellind financial liabilities are recogiiised when the charity become5 a party to the contractual provisions of the instrument. Financial liabilities and equity ir]struments are classified according to the substance of tlie Contractual arranttemeiiis entered into. An equity instrument is any coiitract that evidenc¢s a residual interest in the tlssets of the ¢liv¢ ity aftei- deducting all of its Siabilities. Pa(ye l9 Blythswood Ireland Limited Notes to the Financial Statements for the Year Ended 31 December 2022 Recognilion éind pneusiirenienl All financial ￿setS and liabilities are initially m¢asured at transaction price (includinc5 transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is noiThally the transaction pric¢ ¢xcluding transaction costs), unle5S the arrangement constitutes a financing transaction. If an arran(¥ement constitutes a financing transaction, the financial Osset or flnancial liability is ineasured at the present value of the fLlture payments discounted at a maTket rate of interest for a similar debt instrument. Fiiian¢ial assets and liabiliti¢s are oiily offset in the statement of financial posltiQT) when, and only when there exists a le¢yally enfoi-ceabl¢ i-joht to set off the recognised ainounts and the Gharity intends either to settle on a iiet basis, or to realise the IL sset and settle the liability simulttneously. Financial 8ssets are derecognised when and only when a) the contizctual rights to the cash flows ftom the financial asset expire OT are settled, b) the charity transfers to another party substantially all of the rigks and rewards of ownership of the financial asset, or c) the chai'ity, despite havin￿ retained some, but not all. sj(Ynificant risks and rewards of ownershipi has transferred control of the assel to another party. Financial liabilities are deTecognised only when the oblioation specified in the contract is dischartsed: cancelled or expires. riiir value meu,surenienl The best evidence of fair value is a quoted price for an idenl'ical asset in an active inarket. When quoted prices ar¢ unavailable, the price of a recent tTan5action for an identical asset provides evidence of fair value as lon￿ as there has not been a sionificant change in tconomic circumstances or a significant lapse of tilne since the transaction took pla¢e. If the marlcet is TJOt active and recent transactions of an identical asset on th¢ir own are not a good estiinate of fair value, the fair value is estimated by usiniF a valuation technique. 3 Incorne from donations and legacies Unrestricted funds General Restricted funds Total 2022 Total 2021 Doncltions and legacies; Donations From individiials Gift aid reclaimed 17,859 13,477 60,991 13,477 18.564 74,468 26,627 Patye20 Blythswood Ireland Limited Notes to the Financial Statements for the Year Ended 31 December 2022 4 Income from charitable activities Unrestricted funds General Total 2022 Total 2021 Donated troods Supply of goods and services 5,718 8,325 11,75i 5 Income from other trading aetivities Unrestrieted funds General Total fuiids Tradin(r income. Shop income from sale of donated ooods and services Pi-operty Tental incoille Total for 2022 1,017,017 2.040 1,017.017 2,040 1,019,057 1,019,057 654,068 Tot21 for 2021 654,068 6 Expenditure ott raising lunds J} Costs of trading activities Uiire5tricted Totsl 2022 Total 2021 General Restrieted Note Fundraisintr tradincy costs. Fundraisino Costs of oood sold Depreciation, amoTtisatioii and othei- similar costs Other direct costs of aciivities for treneratin funds Allocated support costs 128,616 77) 128,616 773 l J6,857 2,059 28,784 28.784 28,725 81.056 544,94) 4,985 86,041 544,94J 69,506 485,136 784,172 4,985 789,157 722,283 Page21 Blythswood Ireland Limlted Notes to the Financial Statements for the Year Ended 31 December 2022 7 Expenditure on charitable activities Unrestricted funds General Restricted funds Total 2022 Total 2021 Note Overseas Aid UK & Ireland support projects Staff cosis Allocated support costs 66,787 43,132 109,919 48,386 5,718 29,527 6,158 2,500 92,289 6,288 2,625 6,288 2,625 Governance costs 114,996 158,128 In addition to th¢ expenditure analysed above, there are also governan¢¢ costs of £2,625 (2021 £2,500) whicli relate directly to charitable activities. See note 8 for ￿rther details. Pa(7e 22 Blythswood Ireland Limited Notes to the Financial Statements for the Year Ended 31 December 2022 8 Analysis of governance and support Costs Support costs allo¢ated to raising funds Other support costs Administration costs Total funds Staff costs Basis of allocation Costs of tradincp activities 504,915 J9,690 544,94J 544,94i Total for 2022 504,915 19,690 20,3)8 17,274 485,136 Tolal for 2021 447,609 Support eosts 211ocated to eharitable activities Administration Other support costs Costs Total t'unds Basis of allocatio Overseas Aid UIC & Ireland support projects 2,159 2,159 985 985 1,970 6,28S ToÉ%l for 2022 4,318 794 6,158 Tot81 for 2021 Basis of alloeation Reference M¢thod of allocation PeTcentage of administration costs Governanc¢ costs Unrestricted funds Ceiieral TotAI funds Audit fees Audit of the financial stafrtnents 2,625 2,625 Total for 2022 2,625 2,625 2,500 Total for 2021 2,500 Page 23 Blythswood Ireland Limited Notes to the Financial Statements for the Year Ended 31 December 2022 9 Net incoming/out(voing resources Net incoming resources for th¢ year include: 2022 2021 Audit fees (Profit}ILoss on disposal of fixed assets held for the charity's own use Depreciation of fixed assets 2,625 (1,625) 2,500 28,725 10 Trustees remuneration aiid expenses No trustees, nor any persons connected with them, bave received any remuneration from tbe charity during the vear. No trllstees have rec¢ived any reimbursed expenses or any other benefits from the charity durinu the year. I I Staff costs The aggregate payroll costs were as follows.. 2022 2021 Staff eosts during the year ivere: Waijes aiid salaries Peiision costs 528.510 15.701 464,072 13,064 477,lJ6 544,2ll The monthly avera(ye number of persons (iiicluding senior mana(Fement I leadership team} employed by tELe charity during the year expressed as full time eqvivalents was as follows.. 2021 2022 No Fundraisinu tradin Fundraisino and marketing 37 22 {2021- 22) of tlie above employees participated in the Defined Contribution Pension Schemes. No employee received emoliinients of more thali £60,000 durino tlie year. 12 Auditors, remuneratioll 2022 2021 Audit of the fiiiancial statements 2,625 2,500 Page 24 Blythswood Ireland Limited Notes to the Financial Statements for the Year Ended 31 December 2022 13 Taxation The charity is a register¢d charity and is therefo¥e exempt from taxation. 14 Tan(fible fixed assets Furniture and equipment Property Motor vehicles Total Cost At l January 2022 Additions Dtsposals At 31 December 2022 981,678 96,42i 770 1,149,951 69,770 (21,800) I,l97,921 69.000 (21,800 981,678 119,050 Depreciation At l January 2022 chai.oe for the year Eliminated on disposals At J l December 2022 )30,)78 20.898 59,496 5,964 (19,425} 47),715 30,408 (19,425) 3,546 J51,276 46,Oi5 484,698 Net booli value 73,015 71J,22i AE J l DecembeT 2022 6JO,402 9,806 676,236 At 31 December 2021 Iiieluded within the net boolc value of property above is £569,117 (2021 £58?,207} in respect of freehold property and £61.285 {2021 £68,094) in respect of leaseholds. 651,JOO 12,582 15 Stoek 2022 2021 1,290 1,290 Stocks Patse 25 Blythswood Ireland Limited Notes to the Fin&incial Statements for the Year Ended 31 December 2022 16 Debtors 2022 2021 Trade debtOTS Prepayments VAT recoverable Other d¢btors (19) 10,644 11,098 3,852 24,010 17 C