PARKINSON'S SUPPORT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Unrestricted funds funds 2022 2021 Notes Income from: Donations and legacies Investments 50,352 42 18.060 85 Total income 50.394 18,145 enditure on: Charitable attivities 37,858 12,766 Net income for the year/ Net movement in funds 12,536 5,379 Fund balances at 1 January 2022 166,685 161,306 Fund balances at 31 December 2022 179,221 166,685 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. PARKINSON'S SUPPORT BALANCE SHEET AS A T 37 DECEMBER 2022 2022 2021 Notes Current assets Cash at bank and in hand 179,941 167,405 Creditors: amounts falling due within one year (720) (720) Net current assets 179,221 166,685 Income funds Unrestricted funds 179.221 166,685 179,221 166,685 The company is entitled to the exemption from the audit requirement contained in section 477 of tP Companies Act 2006, for the year ended 31 December 2022. The director5 acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The members have not required the company to obtain an audit of its financial statements for the ￿ar in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 3118)Bo37 Mr J McKelvey Trustee Company Registration No. N1615376 PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting Policies Charity information Parkinson's Support is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 6 Drumgallan Road, Drumgallan, Enniskillen, Co. Fermanagh, BT74 SFD, Northern Ireland. 1.1 Accounting convention The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from l January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these f inancial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting pol icies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted fund5 are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 10- PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policies {Continued) Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. Expenditure on charitable activities and activities undertaken to further the purposes of the charity and their associated support costs; Other expenditure represent5 those items not falling into any other headi ng. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilitie5. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financi81 liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operation5 from suppliers. Amounts payable are classified a5 current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditor5 are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are dereco9nised when the charity's contractual obligations expi re or are discharged or cancelled. 11 PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from the estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. 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 futu￿ periods where the revision affects both current and future periods. Donations and legacies Unrestrbcted Unrestricted funds funds 2022 2021 Donations and gifts Legacies Membership fees 42,636 5,500 2,216 17,034 1,026 50,352 18,060 Investments Unrestricted Unrestricted funds funds 2022 2021 Interest receivable 42 85 12- PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Charitable activities Unrestricted Unrestricted Expenditure Expenditure 2022 2021 Respite Care Outings Travel & Subsistence Meeting Expenses Insurance 26,575 1,971 1,430 3,405 676 9,554 757 904 34,057 11,215 Share of support costs (see note 61 Share of governance costs (see note 6) 3,081 720 831 720 37,858 12,766 Support costs Support Governance costs costs 2022 2021 Basis of allocatlon Office Expenses Bank charges Sundry Costs Activities & room hire 590 223 53 2,215 590 223 53 2,215 738 40 53 Independent Examination Fee Governance 720 720 720 3,081 720 3,801 1,551 Analysed between Charitable activities 3.081 720 3,801 1,551 Governance costs includes payments to the Independent Examiners of £720 (2021- £720) for fees. 13- PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Employees The average monthly number of employees during the year was: 2022 Number 2021 Number Total Creditors: amounts falling due within one year 2022 2021 Accruals and deferred income 720 720 10 Related party transactions There were no disclosable related paty transactions during the year (2021 none). 14-