PARKINSON'S SUPPORT
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted Unrestricted funds funds general designated 2024 2024 Notes £ £ Income from: Donations and legacies 3 47,796 - Investments 4 - - Total income 47,796 - Expenditure on: Raising funds 5 30 - Charitable activities 6 35,968 - Total expenditure 35,998 - Net income/(expenditure) 11,798 - Transfers between funds 25,000 (25,000) Net movement in funds 8 36,798 (25,000) Reconciliation of funds: Fund balances at 1 January 2024 142,326 25,000 Fund balances at 31 December 2024 179,124 - |
Total Unrestricted Unrestricted funds funds general designated 2024 2023 2023 £ £ £ 47,796 39,657 - - 62 - 47,796 39,719 - 30 450 - 35,968 51,164 - 35,998 51,614 - 11,798 (11,895) - - (25,000) 25,000 11,798 (36,895) 25,000 167,326 179,221 - 179,124 142,326 25,000 |
Total 2023 £ 39,657 62 39,719 450 51,164 51,614 (11,895) - (11,895) 179,221 167,326 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
£25,000 was set out to designated funds last year for the planned re-opening of the Belfast Branch, however during the financial year the Belfast Branch was closed.
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PARKINSON'S SUPPORT
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets The funds of the charity Unrestricted funds - general 14 Unrestricted funds - designated 13 |
2024 £ 179,964 (840) |
£ 179,124 179,124 - 179,124 |
2023 £ 168,118 (792) |
£ 167,326 |
|---|---|---|---|---|
| 142,326 25,000 |
||||
| 167,326 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.
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 year 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 .........................
..............................
Mr J McKelvey Trustee
Company registration number NI615376 (Northern Ireland)
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PARKINSON'S SUPPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
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 102)” (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.
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.
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PARKINSON'S SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and 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 direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a 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 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 liabilities.
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 financial 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 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.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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PARKINSON'S SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
2 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 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.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | 46,006 | 36,534 |
| Legacies | 500 | 1,773 |
| Membership fees | 1,290 | 1,350 |
| 47,796 | 39,657 |
4 Income from investments
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Interest receivable | - | 62 | |
| 5 | Expenditure on raising funds |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Fundraising and publicity | ||
| Other fundraising costs | 30 | 450 |
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PARKINSON'S SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
6 Expenditure on charitable activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Direct costs | |||
| Respite Care | 19,330 | 34,640 | |
| Outings | 6,165 | 8,990 | |
| Travel & Subsistence | 179 | - | |
| Meeting Expenses | 6,578 | 3,075 | |
| Insurance | 828 | 625 | |
| 33,080 | 47,330 | ||
| Share of support and governance costs (see note 7) | |||
| Support | 1,935 | 2,970 | |
| Governance | 953 | 864 | |
| 35,968 | 51,164 | ||
| Analysis by fund | |||
| Unrestricted funds - general | 35,968 | 51,164 | |
| 7 | Support costs allocated to activities | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Office Expenses | - | 1,125 | |
| Bank charges | 187 | 259 | |
| Website | 775 | 1,546 | |
| Sundry costs | 140 | - | |
| Data protection | 40 | 40 | |
| Postage and Printing | 793 | - | |
| Governance costs | 953 | 864 | |
| 2,888 | 3,834 | ||
| Analysed between: | |||
| Unrestricted | 2,888 | 3,834 | |
| 2024 | 2023 | ||
| Governance costs comprise: | £ | £ | |
| Audit fees | 919 | 792 | |
| Legal and professional | 34 | 72 | |
| 953 | 864 |
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PARKINSON'S SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| 8 | Net movement in funds | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 919 | 792 |
9 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 | |
|---|---|---|
| Number | 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 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Accruals and deferred income | 840 | 792 |
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PARKINSON'S SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
13 Unrestricted funds - designated
These are unrestricted funds which are material to the charity's activities.
| At 1 Previous year: At 1 |
January 2024 Transfers At 31 December 2024 £ £ £ 25,000 (25,000) - January 2023 Transfers At 31 December 2023 £ £ £ - 25,000 25,000 |
|---|---|
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 General funds Previous year: At 1 General funds |
January 2024 Incoming resources Resources expended Transfers At 31 December 2024 £ £ £ £ £ 142,326 47,796 (35,998) 25,000 179,124 January 2023 Incoming resources Resources expended Transfers At 31 December 2023 £ £ £ £ £ 179,221 39,719 (51,614) (25,000) 142,326 |
|---|---|
15 Analysis of net assets between funds
| Unrestricted Unrestricted funds funds general designated 2024 2024 £ £ At 31 December 2024: Current assets/(liabilities) 179,124 - 179,124 - |
Total 2024 £ 179,124 |
|---|---|
| 179,124 |
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PARKINSON'S SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| 15 | Analysis of net assets between funds | (Continued) | ||
|---|---|---|---|---|
| Unrestricted | Unrestricted | Total | ||
| funds | funds | |||
| general | designated | |||
| 2023 | 2023 | 2023 | ||
| £ | £ | £ | ||
| At 31 December 2023: | ||||
| Current assets/(liabilities) | 142,326 | 25,000 | 167,326 | |
| 142,326 | 25,000 | 167,326 |
16 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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