PARKINSON'S SUPPORT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Unrestricted funds funds general designated 2023 2023 Total Unrestricted funds general 2022 2023 Notes Income from: Donations and legacies Investments 39,657 62 39,657 62 50,352 42 Total income 39,719 39,719 50,394 Expenditure on.. Raising funds Charitable activities 450 51,164 450 51,164 37,858 Total expenditure 51,614 51,614 37,858 Net income/(expenditure) 111,895) (11,895) 12,536 Transfers between funds {25,0001 25,000 Net movement In funds (36,8951 25,CNJO (11,895) 12.536 Reconclliatlon of funds: Fund balances at 1 January 2023 179,221 179,221 166,685 Fund balances at 31 December 2023 142,326 25,000 167,326 179,221 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. PARKINSON'S SUPPORT BALANCE SHEET AS A r 37 DECEMBER 2023 2023 2022 Notes Current a55ets Cash at bank and in hand 168,118 179,941 credito￿ amounts falling due within one year 12 17921 17201 Net current assets 167,326 179,221 Net assets excluding pension liability 167,326 179,221 The funds of the charity un￿StrICted funds general Unrestricted funds - designated 142,326 25,000 179,221 13 167,326 179,221 The company is entitled to the exemption from the audit requirement contsined in section 477 of the Companies Act 2006, for the year ended 31 December 2023. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the Jear 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 01417 Mr J McKelvey Trustee Company registrdtion number N1615376 (Northern Ireland) PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policies Charity inforniation Parkinson's Support is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 6 Drumgallan Crescent, Drumgallan, Enniskillen, Co. Fermanagh, BT74 5FD, 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 1021" (as amended for accounting periods commencing from 1 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 financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies 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 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. 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 2023 Accounting policies (Continued) Legacies are ￿CogniSed 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 construrtive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement, the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dirert costs and shared costs, including support costs involved in undertaking each activity. Direct costs attr1bUta￿e to single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 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 represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the actlvity 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 liabilities. Basic financlal 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. 11 PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles (Contlnued) Basic financial liabilities Basic financial liabi5ities, 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 operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. DeTrcognition ol financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.7 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Crltlcal 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 fartors that are considered to be relevant. Actual results may differ from these 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 future periods where the revision affects both current and future periods. 12- PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 DECEMBER 2023 Donatlons and legacies Unrestrlcted Unrestricted funds funds general general 2023 2022 Donations and gifts Legacies Membership fees 36,534 1,773 1,350 42,636 5,500 2,216 39,657 50,352 Income from Investments Unrestrirted Unrestrlcted funds funds 2023 2022 Interest receivable 62 42 Ralsing funds 2023 2022 Fundraisin and ublicit Fundraising costs 450 450 For the year ended 31 December 2022 13- PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 37 DECEMBER 2023 Charitable activities Unrestricted Unrestricted Expenditure Expenditure 2023 2022 Respite Care Outings Travel & Subsistence Meeting Expenses Insurance 34,640 8,990 26,575 1,971 1,430 3,405 676 3,075 625 47,330 34,057 Share of support costs (see note 71 Share of governance c05t5 15ee note 7) 2,970 864 3,081 720 51,164 37,858 14- PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR fHE YEAR ENDED 310ECEMBER 2023 Support costs Support Governance Costs costs 2023 2022 Basis of allocation Office Expenses Bank charges Website Sundry Costs Activities & room hire Data Protection 1,125 259 1,546 1,125 259 1,546 590 223 53 2,215 40 Independent Examination Fee Legal and professional Governance 792 72 792 72 720 Governance 2,970 864 3,834 3,801 Analysed between Charitable activities 2,970 864 3,834 3,801 Governance costs includes payments to the Independent Examiners of £792 12022- £7201 for fees. Net movement in funds 2023 2022 The net movement in funds is stated after charging/(crediting): Fee5 payable for the independent examination of the charity's financial statements 792 720 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 15- PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Employees The average monthly number of employees during the year was: 2023 Number 2022 Number Total There were no employees whose annual remuneration was more than £60,000. 11 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 12 Creditor5: amounts falling due within one year 2023 2022 Accruals and deferred income 792 720 13 Unrestrlcted funds - designated These are unrestricted funds which are material to the charity's activitie& At 1 January 2023 Transfers At31 December 2023 25,000 25,000 16- PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Unrestricted funds The unrestricted funds 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. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2023 Incomlng resources Resources expended Transfers At31 December 2023 General funds 179,221 39,719 {51,6141 125,000) 142,326 Previous year: At 1 January 2022 Incoming resources Resources expended Transfers At31 December 2022 General funds 166,685 50,394 (37,858) 179,221 15 Analysis of net assets between fvnds Unrestricted Unrestrided fund5 funds general designated 2023 2023 Total 2023 At 31 December 2023: Current assets/lliabilities) 142,326 25,000 167,326 142,326 25,000 167,326 Unrestricted Unrestricted fvnds funds general designated 2022 2022 Totsl 2022 At 31 December 2022: Current assets/lliabilitiesl 179,221 179,221 179,221 179,221 17- PARKINSON'S SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Related party transactions There were no disclosable related party transactions during the year {2022 - none). 18-